Bitcoin Forum
May 23, 2024, 05:17:54 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 123 »
621  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is Dogecoin overpriced? on: February 20, 2021, 08:47:30 PM
We are both legendary members, and we are here for centuries. I can't say expected this from Doge! I have some amounts here and there, but if I knew this will happen, I would save a lot more! I say it like that because I gambled away a lot of Doges, simply they were cheaper, a lot cheaper...
I am not sure is it overpriced, if I have to choose yes or no, I would choose no! Simply we underestimated the power of Doge and Doge community! From people to people, that was on their site back in the days (maybe still is, I am not sure, I didn't visit doge site for some time). I think more people will join Doge movement! After all it's one of the rare decentralized projects, fully decentralized! And that means something, looks like it means a lot more as time is passing!
Basing on what you just said here, would you advise investing in Dogecoin? I'm thinking of investing in some altcoins and Doge is one of my priorities, due to rising interest in it worldwide, growing market cap, full decentralization, and very attractive price. I think everyone can afford to buy a couple of hundreds Doge coins, it's not such a big money. However, it might be something big in the future, so why not risk it?
Also, between XRP and Doge, which one do you find more promising?
622  Economy / Economics / Re: Still confused why bitcoin is so bullish? on: February 20, 2021, 08:08:59 PM

3• To prove to other cryptocurrencies that it remain the king: Despite Ethereum is rising closely to bitcoin, that is making some users guess that Ethereum will over take bitcoin Soon. Bitcoin just want to prove that it remain the king of the year.

How is Ethereum rising closely to Bitcoin? I often hear people say that, but I just don't get it, what parameters are you judging by? Currently, ETH is worth 0.035 of Bitcoin, so it definitely isn't closing up here. The ETH market cap is around 200 billion U.S. dollars, as compared to $1 trillion for Bitcoin. Transactions, though fast, have high fee rates lately, up to $15-20, so it's not more favorable in this regard too.

ETH might be more convenient for frequent transactions when running a business and time is money. Still, don't forget that, as of today, the major reason why people acquire crypto - is profit, they envision BTC more like an asset than an actual currency. And taking the latest events into account, BTC would probably be everyone's №1 choice.
623  Economy / Economics / Re: Global debt soars to 356% of GDP on: February 20, 2021, 07:16:02 PM
Any opinions on applications of MMT?
MMT is a good strategy to enhance the economic system, but it is very risky to implement it in a situation like this. We might be looking at the 6th global crisis right now. The major stabilizing factor in the MMT system is taxation, and while the pandemic is going on - a lot of restrictions apply, people keep losing their businesses, taking loans from the banks to keep living. The worst thing that can happen is the governments increasing taxes, while people don't have enough funds to maintain their lives. This would only mean less income, more debts, more loans, mortgages..you see where this is going. This can turn very nasty.
624  Bitcoin / Bitcoin Discussion / Re: Lucky Bitcoiner on: February 20, 2021, 05:12:24 PM
On the random note of watching YouTube videos came across this Lucky Bitcoiner whose house is extravagant. Have anyone came across similar lucky persons who are rich enough through bitcoin. I'm completely excited on watching the video, because to own such a mansion isn't an easy thing.
Lucky Bitcoiner
Well I know a really smart guy that bought plenty of Bitcoins somewhere in 2013 when it cost around $150, I haven't been in touch with him in a while, but I hope if he was smart enough to buy in back then, he didn't sell it for $5-6k. The thing that gets under my skin is that he told me Bitcoin was going to be something and will only rise, but no one believed him. I had some savings then and could buy 1 or 2 Bitcoins, but I didn't, because truly thought it was a waste of money. I really wish there was a time machine Cheesy
625  Economy / Economics / Re: Indian Economy to grow at 11.5% in 2021 say IMF on: February 20, 2021, 04:43:56 PM
The current ruling party and its politicians became quite arrogant after their second win in 2019. They won with greater number of seats and greater vote share compared to 2014. This made them overconfident and now they think that they can make whatever laws of their liking.
Well, it seems my country is not the only one that’s facing an issue like this, people supported the wrong party and now they have learnt their lessons. We used to think that things very bad back when the other party was ruling the country, and now we have seen the worst, things has gotten really worst than what it used to be back then and everyone has finally learnt their lessons.

Moreover, the one thing I have learnt about these politicians is that during their first tenure they try to pretend to be good so that they can get another votes and when they get in the second time they will start misbehaving and showing their bad sides.
You've just perfectly described the situation in my country! Our people have lost trust in all the politicians because they were all frauds and corruptionists. So, many people voted for the one candidate and party that gave hope because they were not politicians and seemed closer to understanding ordinary people. However, it turned out really bad, and taxes and prices are only increasing, while salaries remain the same. And now with this pandemic the country is closing up to a serious crisis, people can't afford the stuff they were used to anymore, small businesses are closing, etc.

My country has some hard-working and educated people, willing to rebuild the country, like in India. But, unfortunately, the government resists to help and makes the living conditions worse each year, which is why 95% of the smartest people are immigrating. The latter makes the economical situation even worse, but there's no stopping it unless some serious changes will happen, but I doubt that.
626  Economy / Economics / Re: The pros and cons of going cashless on: February 20, 2021, 03:27:14 PM
The biggest con for me for going cashless is that you lose a bit of oversight. It is much easier to keep track of the money in your wallet than it is with a credit card. Not all payments are directly collected there is always some delay involved. While with your wallet you have actually to touch the money to spend. I also find that you spend money faster if everything is done online. Maybe I just need to get more used to being cashless.
The money is spent faster when using a credit card, it really is true for a lot of people, myself included. However, I disagree with you about the tracking money part. With cash, it is not uncommon that you spend the money and then wonder "where did all the money go", simply because you can't remember all of your expenditures. On the other hand, a credit card allows you to actually see all the transactions, exact date and time, to whom the money was sent, and sometimes even specified what was the purpose of the transaction.
627  Bitcoin / Bitcoin Discussion / Re: What would happen if the major holders of bitcoin all decided to sell it all? on: February 19, 2021, 11:58:47 PM
Obviously, the price would drop, providing the opportunity for the smarter ones to buy BTC during the price drop (in case they all sell it over a short period of time, of course).
That would actually be good in some sense because there would be less possibility of market control by the major holders.
However, I don't think the info behind the link you provided in the OP is true. Besides, it's a little out of date, many things have changed since then.
628  Economy / Economics / Re: Institutional investors are buying Bitcoin's future... How do we stop this? on: February 19, 2021, 10:55:20 PM
Are you sure that the companies will only execute off-chain transactions? Why wouldn't they want to use Blockchain? Otherwise, what is the whole point of all this global Bitcoin adoption? They will only destroy the system Cry
However, for that to happen, wouldn't all these companies together need to own 51% and above of available coins? Do you think that's a possibility in the nearest future?
629  Economy / Economics / Re: Does Bitcoin Help The Poor on: February 19, 2021, 09:27:18 PM
Those are good points, especially the third one. Indeed, as surprising as it might be, Africa countries like Nigeria and Kenya are some of the top Bitcoin holders. Plus with the recent Jack Dorsey proposal of Bitcoin Development Trust for Africa and India, these regions will be able to benefit from cryptocurrencies and improve their economy even more.

However, I'm not sure about this one:
#1  BTC provides banking services to the unbanked  Millions around the world who cannot qualify for a bank account use BTC to conduct business and make electronic transactions.
In order to use Bitcoin, you've got be able to afford a smartphone or a laptop, have enough funds to pay for recurrent high transaction fees, and if you have sufficient funds for that, you'll most certainly qualify for at least a few bank accounts in your country, IMO.
630  Economy / Gambling discussion / Re: My Football Gambling System: A Betting Experiment on: February 19, 2021, 08:41:15 PM
Seems like a good strategy, none of the ones I've tried (including Martingale, but not in sports) worked for me. But yours turned out to be effective, probably, because apart from pure luck and doubling after each loss you take odds into consideration combined with the probability of winning, which is why you choose draw and away win.

About that

Another risk is that sportsbooks can ban or limit your account if they notice known gambling patterns. You should also check if using known betting systems is legal and allowed according to your bookies TOS. I don’t know if bookie’s do that and how often.


Can they actually do that? How will the sportsbooks know and, more importantly, how can they prove, that this wasn't your real well-thought choice and you're using patterns? Maybe to avoid this one can select teams from a slightly different position each time (e.g. one time you take 6th and 7th, and the other 5th and 6th, something like that). Surely, that'll shift the odds, but not significantly, so I think that still might work.
631  Economy / Economics / Re: Mastercard Bitcoin Global Adoption? on: February 18, 2021, 11:40:27 PM
No way, what a twist! While Mastercard shows a good example and it will most certainly benefit the crypto world, it seems like they're doing it out of fear, rather than support. Over the past few weeks, a lot has changed and many men of weight have shown support for Bitcoin, which is why MC suddenly feels threatened. But no matter, I've been longing for this kind of news for years.

However, it's interesting how will the exchange rate be fixed in such a case, considering that it's constantly changing and might even change while the transaction is being processed.
632  Economy / Gambling discussion / Re: Do you take team's cohesion into account when betting? on: February 18, 2021, 10:57:15 PM
There's no denying, cohesion is one of the most important things when it comes to sports teams, but how can you possibly assess it? There's no way you can find that kind of information somewhere on social media. Two people can be best friends and totally understand each other in real life, but even that doesn't mean that they will play cohesively during the game. You can rely on the previous games, but each game isn't quite like the previous one, right? Many things change, go in a different way, depending on the opponent and not just that.

One thing you should probably take into account is who's the coach. I think a proper team coach not only teaches techniques and strategies but also influences the atmosphere in the team. So, based on the trainer, you can probably make draw some conclusions about cohesion, but it's all just in theory.  
633  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #102 | $200 prize pool | Level 5 💥💥 on: February 18, 2021, 02:09:46 PM
Neurologist
634  Bitcoin / Bitcoin Discussion / Re: Can you say you made money if you never actally sell your coins? on: February 15, 2021, 11:20:54 PM
Should you hodl forever?  Does everyone have a price?  What is yours?   Huh
That's a tricky question, been thinking about it myself lately. I personally hodl only some part, and the other part I spend. But a friend of mine bought Bitcoin years ago and he always had this thing that he's got to have at least ONE Bitcoin, always believed it was going to be something, years ago he told me Bitcoin will be worth $50k and I didn't believe him Cheesy

So now, he has his 50 thousand dollars, but what to do next? I think the longer you hodl - the harder it is to give it away, right? You kinda always believe that Bitcoin will only grow and then what's the point in selling? But also, what's the point of having it with no intention to sell?
635  Economy / Gambling discussion / Re: Why do gambling websites start investigating accounts only after big wins? on: February 15, 2021, 09:29:13 PM
Many online gambling websites create conflicts with their customers when that player wins a big bet. The owner of the gambling website then starts investigating the player's account to see if there is any evidence so that the player's account can be blocked without payment! And they block many accounts without paying the winning money to the players. And the most used reason to block the account is the connected account. For a player this creates frustrating situations.

The biggest question here is, if the gambling website starts investigating that player's account after a big win, then why doesn't the gambling website start the investigation when that player starts losing money? I think a solution to the problem should be found. Because those who are experienced can get their money back by posting on Bitcointalk and various places but there are many inexperienced people who can't tell their problem in the right place so they don't get their money back anymore. So this seems to me to be a big problem for gamblers.
Basically, they do whatever will make them more profit. If you lose money - it's good for the casino, so why should they bother? If you win - they start searching for whatever reasons not to pay you off. Have you ever been to real-life casinos? If you start winning - the security starts to gather around and murmur something while looking at you, really.
Sometimes they'll bring you free alcohol to get you drunk so that you'll finally leave, or better (for them) - lose all your wins back to the casino.

So it's nothing personal and not even a scam, just business. If the casino has certain rules and you violate them - they have all the rights to ban you. The solution is simple here - don't violate the rules and you'll get your wins.
636  Economy / Gambling discussion / Re: Thailand government seeks measures to tackle the problems of illegal gambling. on: February 15, 2021, 08:48:49 PM
I think the owners better not be forced to follow the legal process, but the government can provide a solution that will provide them with benefits by getting legal with the government. It is like legalizing their business by following the government's procedure so that they can run their business without worry. Legal can prevent bribing corrupt officials, and they can give the money for paying the tax. The government needs to find ways to benefit illegal gambling to follow them, and the government can get more taxes. If much illegal gambling can follow the government's suggestions, it can give the country the income to help them survive in these times.
I think it isn't an issue of money or anything, just of morality itself. Not from Thailand, but I suppose by the fact that they haven't legalized allowing casinos under their country, it seems to me that the government there generally frowns upon it, whether it could bring profit or not isn't really a matter they would take into account. Although I do agree with legalizing it instead of letting it stay as illegal, it also means that they basically gave in to the community of gamblers, which may paint them as an irresponsible government (at least, in their own eyes).
If you're talking about morality driven by religious views in the country - then Thailand shouldn't be against gambling. In Thailand, the vast majority of people follow Buddhism, which, unlike Islam, doesn't forbid gambling.

If you mean morality in the sense that the government takes care of citizens and worries about their financial state, emotional health, then why don't they ban alcohol instead? It literally kills people, undermines their health, and accounts for numerous accidents. As for me, alcohol abuse is way more common and much worse, than gambling.
637  Economy / Economics / Re: Richest people getting ready for economic crash on: February 15, 2021, 07:19:23 PM
I think it's obvious, that an economic crash isn't going to benefit anyone. However, upper-class and influential people will be affected the least, it's poor people, which will suffer the consequences. Rich people usually have back-up plans, so they acquire different corporate equities, precious metals, crypto, realty for all of life's emergencies. That's why they'd stand the crash if there was any. Other people don't have this opportunity.

Moreover, considering the situation, where rich people would also lose everything - what good will it do? Have you ever thought that many of them apart from just being rich build companies and, thus, create workspaces? If there were only governmental institutions there wouldn't be enough places for everyone to work, and, also, commercial companies nearly always suggest a better working environment and a higher salary. So it would be a lose-lose situation, no one should wish for that to happen.
638  Economy / Gambling discussion / Re: Why do we lose at gambling? on: February 15, 2021, 06:40:13 PM
All 7 apply to me, I'm afraid  Grin

The worst one and the one I do most frequently is also "chasing losses", I tried a lot of strategies (especially in dice) that are basically build on this rule, e.g. Martingale strategy: it is designed to chase your losses, that's the whole point of it, the way I see it. It never worked for me, I always ended up losing in the end with this approach.

Also, there's another one for me, it's like the opposite of the rule "chasing losses" and somewhat similar to "betting locks", I'd call it "chasing wins".
 
Whenever I win big I get this feeling like "finally, the luck is on my side", which is completely wrong, there's no such thing as luck, there's pure probability.

But, nevertheless, emotions make us do stupid things, so with this feeling, I start making risky bets with lower odds to increase the win or increase the bet itself, even though the logical move would be to decrease the bet after the win.

It doesn't always work, however, it's better than to do the opposite and it's more logical, even though the laws of probability tell us that the outcome isn't dependent on history, and each time the probability is the same if conditions and rules are the same.
639  Economy / Economics / Re: Rich have too much on: February 15, 2021, 05:49:53 PM
The main reason why they have too much because they are smart enough. If you are poor its your problem
It's not always like that, many people, as I mentioned before, are born with wealth already and it doesn't make them smart, they only have to be smart enough to not lose it all (and not everyone is). Also, some people aren't born in super-rich families, but they're born in countries with better economic development with more opportunities. For instance, I'm not from EU countries or the US, so I had to work really hard on my English and on my performance at the university just to get out of this hole. People from developed countries don't have to do that and they can start building their career right away, even from high school, it's much easier for them to get accepted to local universities or get hired.

Also, it is well-known, that upper-class people can afford better studying, hire private teachers, which proves to be effective, I had none of that and had to study everything on my own. Henceforth, it's not always someone's fault that he/she is poor, because that person might be just born in a worse condition than others. Sure, if you really want to and work hard - you'll get what you want, but not many people are capable of constantly working hard and not going nuts at the same time  Cheesy
640  Economy / Economics / Re: JP Morgan says large firms will not follow Tesla's bitcoin move on: February 14, 2021, 11:40:23 PM
I guess the fact that JPMorgan doesn't want to invest in Bitcoin and doesn't expect others to do so is associated with high price volatility. Elon Musk has made a bold move investing such amount of money in BTC, and good for him, however, it doesn't mean he will win in the end. Fiat devaluation if a possibility, however, Bitcoin's volatile price is a fact. It's unlikely that many companies will do the same and risk increasing portfolio volatility, not many can handle it and survive in a constantly changing market.

I think that for now, many companies are interested in such investment but they will stand aside and just watch how it goes with Tesla. If things won't get worse and this investment will prove its value - we may expect others to join the club. At least that's how I envision this situation.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [32] 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 ... 123 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!