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621  Other / Off-topic / Re: Have you won a bet with your last cash? on: February 23, 2024, 11:29:01 PM
I won a bet after I had no money at all, beat that for extreme luck.    The impossible win was a set of free rolls and luckily I was able to turn that nice free offer into enough sequence of wins to actually qualify beyond the offer and cash out.
 Normally you would lose the cash if having to turn it over continually a couple dozen times, the natural cost of the game and odds of win vs loss will deplete the winnings till you dont have enough above the minimum withdrawal to qualify any longer.   Well I was way above any limits, I stuck to a simple system of playing the game I knew and how I knew it that resulted in wins; boring but safe won the day that time so very lucky.
622  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: February 23, 2024, 10:32:32 PM
Gambling is blocked by most work computers like a few other vice subjects people might know of.   Obvious reasoning its a clear distraction to a large extent and there is no crossover interest from one to the other, nothing work related is gambling most of the time so its an easy exclusion and many utility providers will do this by default rule set.   That software then is sold across entire company network and set in policy, Ive seen it built into routers and anti virus software.   Theres always a way around it but in addition a work place may search actively for traffic resembling that which is banned, Ive seen that done.
623  Economy / Gambling discussion / Re: Stefan Mandel hits the lottery jackpot 14 times and left the commission panicks on: February 23, 2024, 08:46:09 PM
Ive heard of this before not just one person its about the maths of it all.  It is the strangest thing that it could be true but shows sometimes the lottery is not bad value at all.    Most of the time its not true that the lottery has any positive net bias in its payout sometimes however the prize fund accumulates where its very much profit to participate; noticing the difference is important and requires much discipline, good planning and the ability to purchase alot of tickets without drawing too much attention.
624  Economy / Gambling discussion / Re: Couple won the jackpot but split soon after! on: February 23, 2024, 05:02:14 PM
Not that surprising because they arent married, much as people think its old fashioned it does help legally when any dispute like this comes up.   The Lottery wont change their minds and help him split it as all indicators are she paid for the ticket simple as that, the owner always has the rights in a dispute.    
 
Same reason to be cautious of syndicates also, ideally there  is some standard form to fill out by all players so that nothing can be disputed later.  I knew someone who ran a syndicate, on a big win (sub million) he just said well it was my own ticket so its all mine.  They hadnt recorded exact numbers apparently etc.  details matter.
625  Economy / Gambling discussion / Re: Its not bingo dont chase famous names on: February 22, 2024, 11:42:12 PM
Its never impossible for anyone to get elected as I understand it.   If its not on the ballot you are allowed to write it in and if enough do that then its a done deal.   However I dont know why people think Ms. Obama who doesnt want the job will have even one in a hundred chances when we know full well Hilary Clinton could not get the job done with all the full support and apparently was desperate for it to happen; you might as well bet on Clinton if you are going that route and I dont recommend that either.    
   6 to 1 odds is diabolically bad, thats what Trump should be if we're being honest.  He was very lucky to get the job first time around and he has destroyed alot of those reasons to such unlikely strength now, plus may be prevented physically anyhow.   My personal take is they will not exclude Trump legally not to save him but for implications on democracy itself which is too great to impede for a knarly old fight with two old men tbh.


Quote
he could even end up running against AOC

Currently too young and by implication appearing too young in a future election to really be a serious contender.   Alot of the electorate are quite senior, to favor a brand new player in the game is again possible but improbable.   The reason perception matters is money mostly, do you want to spend a billion on an outside chance; with Trump or anyone that rich they can finance a campaign differently.
626  Economy / Speculation / Re: Going against the grain. on: February 22, 2024, 11:01:52 PM
Impossible to give this advice especially as it will vary so much, most people should not sell as much as they will because they wont rebuy at a better price or lose the incentive to be as involved.   Quite a few people sold too much and regretted it but if you need the money clearly you dont have too much choice at that point.

   I sold BTC back when it was needed as part of mining and costs related to that, if I had known the whole story or just thought alot more about it perhaps I could have guessed better;  clearly I'd have kept it all but nobody knew just a few had better confidence then others I'll admit I didnt think it through enough.  Generally ever since that time I never sell all just a bit here and there.
627  Economy / Economics / Re: The influence of cryptocurrencies in economy on: February 22, 2024, 02:06:26 PM
The view of the mainstream economy for crypto is via the tech spectrum and developments there being somewhat related.   The other aspect would be finance and modern tech elements to startup banking especially serving consumer demand for dynamic online payments.   Many countries are willing to welcome crypto on the basis of job creation in a growth sector, though its volatile BTC is not new and unknown any more so can better justify itself and demand a place at the table.
628  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 22, 2024, 12:32:47 PM
Golden ticket is yours, if fate deems you are to win then you win but if there's no ticket its totally impossible.      I kind of wished I set an alarm to do the free roll most often on the hourly, but I need to sleep and Im but a mere human so this time it wouldn't be sensible another time I would have  just gone for the max tickets just for the challenge why not.    I got given 1 free golden, thought maybe I'd roll 20 times but think I missed a few too many there.

   1 day left for end of month price bet and I've got to guess basically.  BTC is in its fly on the ceiling mode, it could fall of course but its got very sticky legs.  My view is its thinking, chewing the cud and digesting prior gains.  I've always said appearance of nothing is not nothing its something and just staying still is actually bullish, dont poke a sleeping crocodile it can snap.   Im just not sure I can label this is a pullback phase, the forced opinion is BTC is certainly bullish thats the default because its been quite consistent in accumulating.   Last data I saw reported all big ETF bar GBTC are net buyers, underlying strength so BTC is good in short Tongue
  I will be surprised if <45k were to occur, its always possible but my guess is flat to boring into the monthly bar closing;  we'll call this a top 3 outcome prediction for future comparison  Cool
629  Economy / Economics / Re: Why no info about how serious are USA financial situation now ? on: February 21, 2024, 11:59:52 PM
Arguably citizens of any country will not collapse while the government is strong enough to fund itself and so to the citizens.   The biggest argument for poverty is to acknowledge all debt, if that was done every citizen in some of the richest appearing countries would owe 70,000 and other countries you would have a capital surplus of 70,000.   However not all debt is equal, the time frame its issued at is not equal, consider the liquidity of the debt market support the price and cost of that debt  so in effect money is not linear in its worth or equal across the global exactly, its used in different ways.
  Its very obvious that dollar is considered superior to many other currencies even while there is alot of debt issued in that currency and liable to repay; equal comparison based on that debt would mean countries not in debt should be considered richer but this simple view is not how the current global economy works.
  
  If the observation is 'debt is too high & surely near a collapse' then consider the same view and words were said over fifty years ago not in a forum of the common people but by leaders of countries regarding global finance prospects.   I wouldn't say the comment was wrong but its not new and the timescale in the prediction is probably way off, we have to acknowledge its not a simple situation that everything will slide into the sea in some linear predictable way.
630  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: February 21, 2024, 11:43:35 PM
I'd name some easily avoided but tempting to continue, as a game people play with far less diligence then they might another activity even sport people gamble with less caution while risking more money and security even.   So I'd name the mistakes of being too tired when you play, playing into the night while not really paying as much attention as you might normally with anything else.

  Playing while drunk, similarly I know lots who continue to play while barely able to see straight just looking for a random win to celebrate but if you want a good track record dont do this on a regular basis or cash will evaporate without realizing.
  The third mistake is playing with no budget or with no limit except for running out of cash, nothing wrong with playing a game for fun to learn or just to stay not bored but without a best strategy plan of risk vs reward then reduce the risks while playing is best .  If you play reckless in any way, maybe just distracted then betting with a lower amount maybe half or less lets you come back another time sooner then if you ran out and are left with a bad taste in your mouth from zero funds.
631  Economy / Gambling discussion / Re: Investment in gambling on: February 21, 2024, 11:29:34 PM
While investment is a totally different from gambling in the sense that you put your money into something or any business and be expected a profit in return in the nearest future

Generally I would agree but they can be treated similarly in finance since all ventures have risks to capital vs the reward of profitable outcome its surprising how the two may be compared in a variety of ways.   In finance its possible to buy options on an outcome where you either lose that stake or price that varies in likelihood or it pays out on the correct prediction as that outcome came true, that appears alot like a bet in its formulation.    As a consumer you would be taxed as a gambler under those laws equally for a roulette spin or a bet on the closing February price for Gold, this is the case in some countries maybe not the majority but enough that it could be recognized as two industries that converge at times.
632  Economy / Speculation / Re: A new ATH before halving. Is it possible? on: February 21, 2024, 06:26:03 PM
Its possible but not probable to me unless the price action wants to prove me wrong.  My opinion matters little if the evidence overrules that opinion, I dont matter it has to be a reflection of the market so Im watching this current area.
   We are below the weekly average and also today we have drifted below and been capped by the 12hr average so a couple negatives to show a pullback is occuring.    After noticing that we have to decide on what time scale if that decline or sell due to occur.   If its purely short term then its actually a great positive, the negative challenged and lost the battle hence we must adjust our aim upwards once that sell is done.
   For now its still in decline and the line in the sand to watch the tide is about 49k otherwise we go back to 50 day average imo 46k.  each further step down the rungs on the ladder I estimate no new ATH near term.
633  Economy / Speculation / Re: DCA is the most important in investing. on: February 20, 2024, 11:40:07 PM
Dollar cost average presumes the investor is not especially equipped with the best judgement when to invest or is distracted.   I would say most people self compromise their position by being played by the markets, the low price becomes fear to them and they freeze instead of buying.   Irony is the method of DCA because by blindly entering a trade to buy regardless of news or circumstances, the repeating end of the world scenario however it is occuring this month, your buy turns good in a growth market.  
  
 The one key to investing regularly in any asset is being correct on the macro picture.  Surprisingly Bitcoin is a long term market with fast moves that easily confuse.  I wish I could trade all those fast moves because I'd be a millionaire many times over but DCA is the best return on time employed or effort to trade.  Actively trading & judging the price action can take all day in comparison and in conclusion most are not capable of trading well in a shark pool so are worse off unfortunately.

Quote
During a bearish market, the situation will not be good and there will only be a decline.
I often try to buy into a decline many times but that requires a strong opinion on a recovery being delivered.  The decline being the minor to the major of a greater positive.  The bear is your friend at that point.  Easier said then done of course, ideally sell before the decline but also buying during that dip imo.
634  Economy / Economics / Re: If you can't pay your mortgage or car lease can you bring keys? on: February 20, 2024, 11:21:28 PM
A ton of people think if the car is taken back then the loan is done but thats not it.   In effect you defaulted and are a bad credit risk and the bank could do a number of things to recover the debt.  In most countries you wont goto jail for it unless fraud was involved in the application then it is possible [that is a criminal proceeding]. However for a house its quite probable you would be forced to declare bankruptcy.   Bankruptcy can end up with jail time also but so far as I know thats really only with malicious failure to pay, fraud.
  None of this is especially a theory, it happens fairly often if you read the newspapers its not so rare if you think how rough divorce proceedings get for example; google Boris Becker world class tennis player he just served a jail term for deceit in bankruptcy.    Bankruptcy is always a waking nightmare a real bad time, worst case some people I know couldn't get a job after that which is years long nightmare ending.

   For the car loan maybe you could get away with it to a limited extent but not really, depends on the amounts owed.   I guess most of the time the old car isnt worth so much at the point of default vs its sale price in recovery so you may just end up with awful credit ratings and tons of people have that problem.
635  Economy / Speculation / Re: Will it give fuel to skyroket for btc ? on: February 20, 2024, 11:00:08 PM
The news story thing boosting prices is hard to judge, alot of noise and unclear as to future or preexisting effect on the price.   Alot of news is retrospective, if there was some buying from it then thats in the price already.  I would refer to the graphs mostly as leading edge and good for questions of what if and what happens next.  Its far more like a real time feedback and gauge to mood in the price action so any prediction has at least half a chance I figure.   Today it dipped and recovered from losing the weekly average but be cautious now if it dont reach past 52880, we may need to gather some support from a pullback to 49k possibly.
636  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: February 20, 2024, 02:12:39 PM
Theres a cost and utility to the natural trade of BTC, this was a question going back a decade as to long term viability.  Some think BTC serves no purpose and will decline, to be replaced by digital alternatives.   I have to realize maybe a bit late but BTC is unique in the function it does and is not easily replaced, not least because it is able to adapt and improve as we progress.
   The harsh critics of Bitcoin who say its some kind of trick are refusing to acknowledge the demand and its unique place as a product.  On the flip side Im not as bullish as those who would state BTC replaces every other currency type, its not replacing gold as they are different things offering separate functions I think that dream is also overplayed as much as the people who dismiss BTC for a decade.   Theres a balance to the all ideas and a fair regular marketplace does give benefit to buyers and sellers.
637  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 20, 2024, 07:17:17 AM
Quote from: id5000 link=topic=320959.msg63689124#msg63689124
- I presume that the site didn't start with free rolls.


I struggle to remember, maybe its on the waybackmachine site.    Used to be a thing way back in the day that faucet sites gave out BTC fairly generously because the dollar value was low and the motivation was evangelical almost to spread the word.   The more holders (of BTC) the better, higher traffic, usage, awareness is good for everyone to the extent that even giving it away free was a net positive.
    So there was a ton of faucets of all kinds and sizes and I guess this site did originate from that trend, with later additions in order to last the distance and ten years is like a century in this fast moving current.
  Some people know the history, if I knew I forget I think there was adverts originally at first.  

  To stay afloat through every 'crash' and doing well is very impressive almost beyond compare.   All of the above benefits are still true imo, I still think even with the scaling required due to high BTC price the faucet does alot to help raise interest and involvement in BTC starting people off who literally have no balance to look regularly into this 'little' ecosystem etc.   Gambling was always a big deal for the revenue of BTC, we could be in 3 figures still if there were none imo
638  Economy / Gambling discussion / you want a revolution You tell me that it's evolution on: February 19, 2024, 05:58:53 PM
I don't mind if the money is returned to me, I accept that exchange and revolving process as part of the game.   This is the illusion of the game, it always confuses me in poker to win the pot but of course alot of that money is my own anyway  Grin  Of course I hope to gain more then I lose but its naturally true that a large part of betting is just a continual revolution of money.    This is partly why its best to remove some of the money you win so that eventually it becomes obvious its time to come back another day not continue and lose the winnings too.   Set a time or budget or reduce the bet by this harvesting of winnings to guide yourself with a limit seems best.  I haven't the discipline to just gamble free reign and no limits or rules on myself when to stop, I think I would lose more this way because I would act more recklessly unrestricted.
639  Economy / Gambling discussion / Re: Gambling between the past and nowadays on: February 19, 2024, 05:46:36 PM
Liquidity and innovation has helped change the industry from the old days of someone running around manually to collect bets on a game for example.  This is revolutionary in comparison and helps provide even the most remote and slight gambler with an opportunity that was only afforded to the rich and well landed bettors previously.
   Its definitely part of the technology development even if crypto had not come to help gambling globally it would still be the case that technology helps serve every customer as if they had their own personal bookmaker to give them odds.  No need to travel into town and queue manually, its at the fingertips which much time saved you can consider the game far more and I think sports betting is the leading growth in the industry as the graph above seems to indicate.
640  Economy / Speculation / Re: A new ATH before halving. Is it possible? on: February 19, 2024, 02:02:25 PM
Gains already existing are impressive, to move further is pushing an elastic situation possibly triggering it to snap back and lose gains more then otherwise.   Its far more constructive for the market to confirm the price action already on the tape  then continually advance without saving its progress with consolidation and moderate selling for those who need to.
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