I’d like to know what motivates you to invest in a speculative asset like Bitcoin?
What is the driving force that encourages your continuity in the Bitcointalk forum?
who do you listen to in the forum and study to keep your conviction solid?
What do you think are the reasons why some person stopped contributing to the forum positively or are they carried away by the rank they have? 1.Are you kidding me? Is this a rhetorical question? The only thing that motivates me(and all the Bitcoiners) to invest in BTC is the BTC price hitting the moon(or just another ATH).  Mass BTC adoption and getting free from the banks is another thing, but the main thing is making more money and getting profits. If somebody is telling you something else, he(or she) is definitely lying. 2.The things that keep me active on Bitcointalk.org are: Sig campaigns.(If someone denies that sig campaigns are the main reason that keeps him on the forum, he's lying). Gambling topics. Reading the latest news and gossips about Bitcoin/crypto. 3.I don't have a particular mentor here on the forum. 4.Some people are buzzy doing other stuff, so they stopped being active on the forum. Nobody is obligated to stay active on this forum forever. |
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1.Pictures can be easily faked nowadays. Even AI can create pictures that seem totally real. I don't trust pictures as an evidence anymore.
2.Someone is buying junk food with BTC. Should we be happy about this? McDonalds is complete garbage.
3.Assuming that this picture is true, I'm 99.99% sure that the kid doesn't have any BTC whatsoever. His parents probably have BTC.
I'm also 99.99% sure that the parents won't give the kid access to their crypto wallets.
Isn't this Twitter/X account a meme account? Meme accounts usually post photoshopped images.
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I don't play online lotteries, dice and slots so I don't make such mistakes. You got lucky but other players might have lost money by making such mistake.
The problem is in the l0tt0 website/app design. Such casinos should have a system to ask the user for confirmation of his bets, right before placing them. What if some user mistakenly places a 100 or 1000 USD bet and loses everything? He should blame the casino for not having a confirmation message popping up right after the user selected the bet amount.
Almost all crypto wallets have such confirmation system, asking the user to double check and to confirm that he sends the crypto coins to this particular address. All crypto casinos should have the same system. It's not that hard to implement such piece of programming code.
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Bitcoin's mining algorithm was never designed to advance science. This is because Satoshi lacked the foresight to realize that if Bitcoin got big (which it did), then maybe the mining should be put to good use. Or maybe Satoshi simply lacked the time and resources needed to come up with a scientific mining algorithm (because it is hard, so I don't really blame him). Right now, Bitcoin and all other cryptocurrencies are shitcoins because they have mining algorithms that were never designed to advance science and this is because the cryptocurrency sector is really shitty. They worship Sam Bankman Fried and love being scammed and scamming others because they were not breastfed as babies, but they were shitfed by their dads from the ass. Bitcoin is a shitcoin because everybody in the Bitcoin community acts like shit. The only reason I am making this post right now is to respond to the relentless hate I get for actually standing up for science. You are all a bunch of shitheads.
-Joseph Van Name Ph.D.
1.Who the hell is "Joseph Van Name Ph.D."? Is that you real name? It doesn't sound real to me. 2.Your response looks really immature and childish. Are you really above 18 years old? Only a kid or a teenager would write such post. Only a butthurt teen would insult the entire BTC community, only because "Bitcoin mining hasn't been used for science purposes". I don't mind the Bitcoin mining algorithm to be used for science purposes. If you have a serious proposal just try to spread your message across the miners and developers and try to convince them. Such proposal might get accepted, if we have consensus. Insulting the entire community doesn't help. If you want crypto mining to be used for science, then why don't you create your own "science coin", where the mining algorithm will be used for scientific purposes? |
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Real Madrid is way below their top performance, but I don't think that they will have any problems with Napoli.
The Italian team is in ruins right now. I think that Napoli desperately needs a new coach, who will try to solve the scandals in the squad.
Manchester United is having a though time in the Premier League, but I can't see how are they going to lose against Galatasaray. The Turkish team seems totally inconsistent with problems in the defense line.
Arsenal, Bayern and Inter are total favorites and I'm sure that they will win their games.
I wasn't watching closely the Champions League Qualifications round and I'm surprised to see Union Berlin in this tournament.
I wish them good luck against Braga.
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Discouraging people from buying and using Bitcoin is one thing.
Telling them to be realistic about the risks involved in Bitcoin trading is another thing.
I know that everyone was a noob at some point and we have to put in some work and make some mistakes in the beginning.
I've never discouraged anyone from using Bitcoin/crypto. I just want the crypto noobs to build the right mindset, when it comes to crypto trading. Having the wrong mindset might lead to bad results and disappointment.
By the way, what exactly do you mean by "Bitcoin trading"? Trading BTC for altcoins or trading BTC for fiat currencies and gift cards? Those are two very different forms of Bitcoin trading.
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The "Golden Rule" is to never tell your bank that your transactions have something to do with crypto. It doesn't matter if your bank is crypto-friendly or not, just don't tell them anything.
It's funny how Chase Bank tells their customers that "you won't get your money back, if the transaction is related to fraud or scam".
What they are actually telling their customers is "if you got scammed, you won't get your money back, you are screwed!".
That's weird. I have always thought that the banks should collaborate with the scam victims and try to refund their money.
This is basically a statement that the banks will collaborate with the scammers, therefore they will never refund the money of the victims of scams/fraud.
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It's strange that Australia hasn't already required ID verification from the online casinos. I can think of countless ways to bypass this new requirement, but I'm not sure how effective they will be. Many Australian gamblers might start using residential proxies(they are better than VPNs) in order to change their location and signup to foreign online casinos(where KYC isn't mandatory). Proxy providers like IPRoyal were offering static residential proxies for an affordable price. yet minors still gamble on their elders ' IDs (Elder brother or father). The people, who let their son or little brother gamble online by using their personal data should be punished. The problem is that it's almost impossible to find such people and to prove their quilt. |
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1.Restrictive and confusing crypto regulations are a major reason for many people not to buy crypto. How can we solve this problem? We can't
2.Bounty campaigns have nothing to do with buying crypto.
3.I don't agree with this. What if the Bitcoin price hits 100K USD? Nobody would want to buy BTC anymore, because it's not "buying the dip" and it's not in a bearish market. Your perception is basically the same as the perception of all the so called "Bitcoiners", who want to buy low and sell high only for the sake of getting more fiat.
You forgot about the fourth reason why the people aren't buying BTC. Buying BTC requires a bank account and ID verification in most cases.
Many people around the world don't have bank accounts and don't want to do ID verification.
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And periods like this historically occur before significant stock market crashes. Will this affect the price of BTC too. If the entire market falls, does it rule out the possibility that there will be a sell off too? and of course BTC will also be affected?
Of course that a stock market crash and a big recession/depression will negatively affect the Bitcoin price. Bitcoin reached historically high prices in times of very low interest rates, when the financial markets were flooded with newly printed money by the Federal Reserve and the other central banks. The times of "easy money" and low interest rates are gone(for a while) and this leads to multiple companies going bankrupt and to prices of financial assets going down. We might be witnessing a stock market crash in 2024, but the Federal Reserve will have to stop it by discontinuing the interest rate hikes and start "saving the economy" by pumping more newly printed money into the financial markets. |
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When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.
But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.
None of them has done any harm to me. I don't have big expectations for profits and I don't take big risks. I can control my emotions and I can stop myself from making irrational decisions. I gamble frequently, but I bet small amounts and I play for fun, not for profits. I expect Bitcoin to hit another ATH after 1 or maybe 2 years. There's no need to rush and I'm not greedy. There's plenty of time for me to accumulate enough Bitcoin by 2025. I don't panic anymore and I wouldn't sell when the BTC price crashes down to 15K or below. Never gamble with the sole purpose of making big money and never have big expectations about becoming very rich without putting any effort. |
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This is a dumb move from the casino owners. It creates bad public image of the casino. Many gamblers might hear and read about this news and decide not to gamble on this casino, because they might get banned. That's not how you do proper marketing and public relations.
The right thing to do is to keep the gambler playing in the casino, until he(or she) starts losing big. This is the only way for the casino to get it's money back. That's why many offline casinos are offering free drinks and free hotel rooms to gamblers, who are winning big.
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Sharing your casino/sports betting account with someone else is against the Terms of Service of every normal online casino/sports betting platform in the world. Can you describe the offers you are getting from the scammers? Do they want to gain access over your account or they want to send you money, so you could gamble on their behalf? Sending money(especially cryptocurrencies) to a random stranger and expecting him to do his part of the "deal" is one of the dumbest things ever. How could the scammers force me to bet on my account after they send me XXXX amount of crypto? There's no way for them to force me to do anything against my will. |
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You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
Are you talking about brokers or bookies? Many forum members obviously think that you are talking about bookies, but I assume that you are talking about brokers. This topic belongs to the Gambling Discussion forum(or maybe the Trading Discussion forum). The brokers, who are doing such shady practices are breaking the law. They must be prosecuted and sentenced guilty. Nobody is forcing you to use the services of a financial broker. Trading on the financial markets has become more accessible than ever. Why would anyone want to use a broker nowadays? Some people are falling for various "trading broker" scams, where the brokers are offering "high and guaranteed profits". Those scams have nothing to do with the legal and whitehat financial brokerage. |
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Gold seems like a fine option, considering how its purchasing power, remains more stable over time, but do you think cryptocurrency stands a chance? You are answering your own question. Crypto cannot be used as a reserve because it doesn't have a stable value/price. Do you really believe that currency reserves are needed in the fiat money era. The US dollar is a global reserve currency, which means that it is used for backing other currencies, but what is backing the US dollar? The USA simply don't have enough gold reserves. Many countries are holding US Treasury bonds in their reserves. What if the USA stops paying it's debts? I think that we are moving towards a world, where there won't be any currency reserves. The creation and implementation of CBDCs might be a step in that direction. |
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You used $0.2 to win over $21. That is huge. But do not think that you will have this type of luck if you use high amount of money. Do not be tempted to use high amount of money next time. I remember when I gambled in the past and I won high odd, what came to my mind was that I can try it with high amount of money and I continued to lose.
Flexing with a $0.2 bet and a $21 win isn't exactly flexing. OP simply wasted his luck on a small bet. This is tragic. What if his bet was 1000X and his profits were also 1000X? Now that's what I call flexing. Luck comes and goes, but we have to find the right moment, when luck is on our side and bet big. It's like failing at timing the financial market. 90% of the traders keep failing. Most gamblers also keep failing at making a big bet, when they have luck and quitting gambling with their profits, when luck has left them. |
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OP, you are repeating things that were repeated over and over again in the forum for the last 10 years. Bitcoin is decentralized and borderless. Well, good morning Captain Obvious! Would you mind trying to add something new to the discussion? Are you completely sure that Bitcoin won't get hit by a big financial crisis, just like all the other financial assets? Do you really think that the Bitcoin price could grow, when the prices of all other assets and commodities are falling down? I can't deny that BTC is really useful, but I don't think that Bitcoin is a panacea to all financial problems and all "financial crises". Is "crises" even a word? |
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I don't know where do you live. In the most developed countries, the educational system(universities and college) is slowly turning into a scam. The students have to pay absurd tuition fees and get into student debt only to find out that's it's hard for them to get a good job after they graduate. Having a university degree makes sense only if you want to pursue a career as a government clerk, lawyer or doctor.
If you want to work in other industries(in the private sector) having skills and experience are more important than a diploma.
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Instead of outrightly banning gambling, how about if the concerned countries officially include gambling education in their academic syllabus, just like sex education is taught in schools. Gambling education will teach the young ones the dangers of gambling and promote moderation in gambling. Will this not be a better way to handle the gambling cases? How do you imagine this "gambling education"? A bunch of teachers going to the schools and telling the kids "gambling is bad, don't do gambling" or "please gamble moderately or you might get addicted"? There is sex education, but there are also many cases of abortion and AIDs. There's is anti-drug addiction education, but the amount of drug addicts didn't decrease. Is there a way to measure the effectiveness of such education? Imposing such "gambling education" would cost a lot of money and I don't think that the politicians are willing to spend taxpayer's money for this. |
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Many currencies lose value as a result of inflation. Many people believe that cryptocurrency can protect them from inflation. Bitcoin puts a hard limit on the total number of coins that can ever be created. For example, as the growth of the money supply outpaces the growth of the bitcoin supply, the price of bitcoin will rise. Many other cryptocurrencies employ the same approach to limit supply and act as a protection against inflation. In terms of amount, the ASCII computer file specifies only 21 million bitcoins released. As a result of increased demand, the value will rise, possibly keeping up with the market and preventing inflation in the long run.
OP, your thread doesn't match the question you are asking in your thread title. A vivid example for what? Cryptocurrencies could be used as a protection against inflation? No. I don't believe that most cryptocurrencies can offer a solid protection against inflation. Bitcoin could serve as a hedge against inflation in the long term, but it definitely doesn't provide any protection against inflation in the short term. The limited 21 million supply isn't the only factor, which helps BTC to preserve high value. Many shitcoins can also have a limited total supply. What makes Bitcoin stand out is the secure blockchain and the amount of trust among the people. There is an army of Bitcoin HODLers, who keep their BTC expecting the price to go up. They are a major factor in preserving the current price of Bitcoin. |
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