Hi guys I was wondering wether that how much price would be after 100 years and also what could be mining difficulty of a Bitcoin. Still I was seeing that Bitcoin mining difficulty is all time high of previous records that sits at 35.36 Trillion Hashes and that is too much insane.
You can check the hash chart, get the growth rate per half decade and get the ratio of growth between the two sample and calculate from there then calculate the difficulty on the derived hash power. I think with the improvement of technology, and assuming of mass adoption, the difficulty will increase because of many miners participating in mining tx fees given that it is profitable to mine tx fee . Given that tx fee does not suffice, we can see a possibility of huge decline in difficulty due to less hashing power mining blocks. |
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Free alcoholic drinks, ease of withdrawal machines and ease of which to fund betting/gambling site wallets are serious contributory factors to addictive gambling.
A man was invited to the court for failure to meet up with his bills. He complained bitterly to the judge he was standing before, on how he was given free drinks at a live casino and it made him so loose to the point that he lost and emptied his wallet to place more bet of which he lost more. He made several withdrawals from his bank account, most of which he had saved up for something as important as paying the bill for which he was summoned and more.
He attributed his huge loss to the ease of which he could easily withdraw cash because of the presence and ease of accessibility of ATM and POS machines and the free alcoholic drinks served which made him drunk and so excited to the point he emptied all his savings on gambling.
In comparison to live casinos, online casinos do not offer free drinks, but if one were to bet from the comfort of his/her zone, and had a fridge or cooler of chilled alcoholic drinks, it shouldn't be a yardstick to get drunk to the point of funding ones betting wallet all just to gamble at that instance of excitement. Also, if one can't get to control the amount of his/her alcoholic intake I don't think such a one can control the excitement that comes from gambling and shouldn't bet, make withdrawals or fund gambling wallets, while drunk.
What other factors do you know contribute to form addictive gambling?
The story is about a person who lose control of himself. He is just finding excuses but the real problem is his self-control.
Gambling is addictive because of what it offers. Entertainment and possible huge reward. The variable reward does make it more interesting and fun. Also the essence of chasing losses also contributes to gambling addiction. Anything about gambling activities can contribute to form addictive gambling. So I believe we better be serious in controlling ourselves. |
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This is going to be a tough fight for Lomachenko. If this fight really going to happen, then Lomachenko is going to be 35+ years already. While Haney only 24. I see that Lomachenko has difficulties against younger boxers (Lopez is a good example). I think the time will take its toll and in this fight Haney is going to win by decision. Loma is not in his prime anymore. He fights rarely. Compared to Haney, whos career is in prime. While this fight is not 100% confirmed, the time is working against Loma. 3-4 years ago I would go with Lomachenko, now I am in favor for Haney.
Lomachenko had a problem against Lopez because he claimed that he had an injury that time, so this time I believe he is already 100% healthy and there will be no more excuses in case he will lose against Haney. This could be a big fight for him but it's not new to him, maybe this is a tough fight for Haney too as I believe he hasn't face a boxer that is as smart as Loma. He made a good comeback fight after that Lopez lost, he beat Nakatani and then Commey if my memory serves me right. But against Ortiz it was a different Loma that we think he is no longer in his prime and others have said, 35 years old. So that is already a lot of wear and tear on his body. While Haney is young and very tall and a good boxer too, that's why this fight is going to be very difficult for Loma. And this could very well define his career, if ever he will beat a prime fighter. Well, sports analyst thinks that prime age range is 25-33, and Loma in age of 35, it is possible that he is on the decline of his prime. Although I think this can be solved by training and conditioning, there is no doubt that Loma's performance is pretty mediocre during his last fight. If Loma plays the same, I think he will be eaten whole by Devin Haney. Devin Haney aside from being the larger player, he is also known for his defensive play and counters that render his opponent unable to connect or score a good punch. Loma need to level up his performance if he needs to beat Devin Haney in this match. |
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i believe davis has better advantage when it comes to prep for this fight as he has a tune-up fight before garcia, whereas, garcia cancelled his fight with gesta. which should be a very good one to test his preps.
Nah, I don't think so, Garcia wants to prepare well for this fight, he said he wants to focus on his fight with Davis that's why he canceled the fight, so that means he believes that his decision was right and he will fully focus on his upcoming big fight. Anyway, let's just find out on the fight date, we will definitely know who's ready or not. Or it is also possible that Ryan Garcia is somehow worry of an upset and thinks that it is better to skip the fight against Gesta and go directly with Davis fight. His exlpanation is simply to cover up those worries  . Anyway, that is just an assumption, but I think Garcia will be fully prepared to fight Davis, he has ample time to strategize and practice movements to counter Davis skills and style. Ryan Garcia taking aim at Tank and says that he will finished him in 2 rounds, hehehe “Prediction for the fight – I say I'll beat him in about two rounds,” Garcia told The Joe Pomp Show.
https://www.boxingscene.com/ryan-garcia-predicts-hell-ko-tank-2-rounds-hes-never-faced-adversity-risk-ring--171581Ryan already hyping himself in this fight, saying that he will finished him in 2 rounds. I doubt though, Davis is known to be very cautious in the early rounds of his fight, just trying to figure out his opponents before making any adjustments. Specially if his opponent is someone of a knock out artist, just like in the Romero fight wherein he started very slow and trying not to get caught with big punch early. And we wanted the fight a bit longer, so that they will bring the best out of this two boxers. This is his claim even before the fight deal is sealed. I do not think that he will KO Davis since Davis is a tough opponent, if there is someone to get KD or KO'ed it will be Garcia because he has a not so strong chin. |
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I am here since the first time Duelbits were launched even for almost a year I became part of their signature campaign and now we all know this is the result
Duelbits is one of the casinos that grows quickly and able to compete with other popular casinos, 2022 is an extraordinary achievement so what is your prediction in 2023? I mean about Duelbits.
I believe Duelbits will continue to flourish in the coming year. The year 2023 will be another big year for Duelbits because of their extra ordinary marketing strategy. I am also around during the first year of Duelbits, I have seen them hosting different kind of games and competition in this forum and see how huge they grown over the years. They had made it this far and I believe they will make it even farther. |
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I think the 4 year cycle is about to transition this year 2023, so we can see some recovery before the year end. I would think of $20k-$30k recovery as pre-halving hype. Unless there is major negative news that will trigger panic selling for the investors, I believe Bitcoin will hover on that range at the later months of the year 2023.
But in circumstances that there are major positive news such as a major powerful country adopted Bitcoin as legal tender, I would speculate that Bitcoin might go up to $50k at the end of the year.
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What impact do you think this will have on mining?
After a month of the implementation of the law, it looks like the mining network is unaffected. DaveF is on the spot correct in saying that it has no effect on Bitcoin Mining. I do have the same sentiment because I believe, as long as one part of the world is allowing people to set up a mining farm, prohibition of one part of the globe will not affect the miining operation because those wo are mining on that region will only move to the region where mining is allowed. Not saying that New York isn't a miner's haven at all so only a few people use that location for Bitcoin mining. |
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i really like the last point where they have mentioned to put other people priorities before you
I am a complete failure because I do that.
I wish people learn and correct themselves timely I think this is dependent on the situation. I agree that not all the time we must prioritized other people if it will become bothersome for us. At the end of the day you cannot be successful in life if you always put other people than your priorities. Remember in a business establishment, if they implement this kind of attitude towards all people, the business will goes bankrupt because different people have different demands, so the company is selective on which one they will prioritize, the one that will contribute to the success of the company, and mostly will ignore things that will cause the downfall of a company. So I think when it comes to priority, it must be selective, sometimes we need to give some meet to get the bone. Meaning we need to selectively give way to other in order to get the others trust and compassion specially when they are beneficial to our goals. |
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Sometimes we might not have same instinct of gambling or joining gambling from my understanding, some people play gambling for the motive of getting happiness this will raise another question, what makes gambler happy during their gambling activities? why some people play gamblling because of getting money, This is my reason why gambling become fun, because it is fun when we win money eventhough we never admit that gambling stop being fun when we lost money. so many people have different perspective why they play gambling, myself why i play gambling it's because of earning money, with that alone someone can as well do not join gamblling, because you most have one thing that will make you to play gamblling.
Different as they seem but they still fall to one thing, they had fun because they won certain amount of money. Because they had tested their luck and it turned out that they are very lucky because their bankroll increase x times. No matter how I think of it, the winnings makes the gambling fun, it isn't he game or anything else. Because as stated on the earlier reply and will repeat it again, why wager real money and why not play the demo if you think it is the game that makes gambling fun. |
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Very poor reasoning. The author basically uses some random bullish points to argue that Bitcoin's value is no longer speculative without any clear connection. I do think that it is a mistake of the author that he attached Bitcoin price to his topic, while he is trying to say is the Bitcoin Industry foundation and future adoption, will no longer be pure speculation. I do understand that as, there is a solid reason why the next thing will happen and not just any random assumption. I do agree that the statement itself is a speculation though. Here's some hard truth for the author - Bitcoin will always be speculative. Just like gold. That's the reason why investors like Warren Buffet don't like both gold and Bitcoin - they don't see any mathematical formula for approximating their value. So the value is just a pure guess, aka speculation.
You can't calculate how much a bitcoin is worth because Bitcoin is not based on anything, not tied to anything. You can't take a number of users or a number of transactions and derive the value of utility Bitcoin provides. You can't put a price tag on a store of value that can't be confiscated by third party. So the open market is the only thing that we have for determining Bitcoin's price.
I agree, it has been established in this thread the bitcoin speculation will never end. What is not established is how we understand the meaning of Pure Bitcoin Speculation. The author should have clearly stated his thought about this "Pure bitcoin speculation" but he doesn't leaving us to have a thought that it is the same as speculation. |
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And this is what Gervonta Davis said in the aftermath of the events.  https://twitter.com/dantheboxingman/status/1608219149880418304From what I understand on his posts, it seems that it is not true and there are individuals who wanted money from him obviously as they know that Tank could have millions in his bank account and so this individuals wanted to take a part of it, easy money for them, and it's like black mailing him. So this is another twist and only the court of law will decide which one is telling the truth here. This statement was supported by the accuser saying that the fighter does not harm her[1] On Friday, she indicated on Instagram that Davis, “did not harm me or our daughter.” So this clears all doubt about the claim of Gervonta Davis that he did not harm his child's mother. It is really sad that people who wanted to take advantage of the event because there is money to be made by making it sensationalize posted unsupported claims. These people should be sued because they are destroying other people's lives. About the fight, the article stated that the fight is still about to happen. Editor’s note: This article was updated to indicate that the Gervonta Davis-Hector Luis Garcia card on Saturday is scheduled to take place as scheduled as of now.
[1] https://boxingjunkie.usatoday.com/2022/12/gervonta-davis-accuser-now-says-that-fighter-did-not-harm-me?utm_source=FOX_Sports |
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That's quite inconsiderate. Can you imagine many people don't have the luxury to invest because at the end of the month they only have debts left?
The richer you are, the more risk you can afford to take without going hungry or homeless when your investments fail.
Poor people would always want to invest if there are chances to invest, and they have the sufficient funds to invest. But they lack the whole resources to invest, and all they could have are just plans but failed to realized because they were not given the same opportunities with those who are living good life. So we can’t actually blame them for that because they have their own valid reasons. I have seen many poor people with more talent and less resources. They try to find ways out in less money. And I have seen many rich people with excuses all the time. . . smart work is the key to success and there is space for the excuses. I observed that poor people with less resources often develop creativity to be able to meet their goal. They are trained to work around the issue because of the lack of resources and become master of innovations. They create things that can be alternative to the supposed to be materials to their goal. So despite of being poor, the minds of these people becomes flexible and practical to things. This is another reason that they blatantly turn down any investment that they think will take so much time when they can earn such amount in a shorter period of time through working and not spending any amount of money for investment. Rich people have the resources while poor people have their self. Rich people make money works for them while poor people having not much money make their body or strength work for them. Reason why when it comes to physical work, poor people are more capable. The good thing is poor people being physically capable, skillful on the given industry and be able to train their knowledge will produce better outcome than a rich people that is full of theories in minds. |
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Gambling for fun for me is indulging oneself to gambling activity without the intention of extending the effect of the session to the next session. It is gambling having fun and profit is secondary. It is engaging in an activity that is open to losses and never chase it. It is an activity that focuses on having fun despite of the profit presents. It is more like spending our time to have entertainment instead of having a boring moments. The thrill of winnings sure triggers extra fun but gambling for fun doesn't necessary means aiming for profit. It is more on testing luck than reaping rewards.
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It looks like Armenia isn't the first one aiming to implement cashless gambling. Apolitical figure in New South Wales, Australia also attempt to force cashless gambling to gamers but failed.[1] The reason as usual for implementation is money laundering. So it is clear now why the government wanted to implement cashless gambling because they wanted to track or spy on peoples gambling activities in guise of anti-money laundering. So what do you think about this cashless gambling, is this another breakthrough of the gambling industry or just a way of the government to track their citizen and earn from the gambling establishment.
It is a further step in population control, just like cashless societies in general and the upcoming implementation of CBDCs. Governments will justify it with noble causes, such as preventing money laundering and underage gambling, but in physical casinos, at least where I live, you have to identify yourself when you enter, so minors do not enter and the number of people who use casinos for money laundering is very small. In principle, if they implement it where I live, I will not go to those casinos, I will bet with cryptocurrencies. Just as I pay a lot with cash in my day-to-day life, even though paying with my mobile phone is more convenient. Same here, crypto casino platform is already available on the internet, why should I choose the cashless gambling imposed by the government when I can also do the same gambling activities with cryptocurrency casinos without risking my financial data of being exposed.
[1] https://www.casino.org/news/forced-cashless-gambling-in-new-south-wales-australia-called-off-for-now/ |
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Have you ever thought of a government implementing a Cashless gambling? Making hard cash obsolete for gambling purposes? Armenia is currently pushing this law that force their gambler to do gambling transaction via bank[1]. It was stated that the said law is created so that the government can tax gambling institutions effectively. They also add an additional requirement that the gambling establishment needs to pay in order to get the desired licenses on how much bet the establishment can accept. This may look profitable for the government but I believe it will hit hard gamblers. With the implementation of cashless gambling, gamblers are now exposed since they have to use their credit cards or debit card to play. (Another way of the government to spy on their citizen.) In a positive note, minors gambling incident would greatly reduced because the gambling transaction can now be traced via bank statement, except if these minors can freely use their parent's cards. May take on this.. screw the government if we really wanted to do cashless gambling, there is always a cryptocurrency gambling platform option where we can at least play gambling without the need to use our bank account. So what do you think about this cashless gambling, is this another breakthrough of the gambling industry or just a way of the government to track their citizen and earn from the gambling establishment.
[1] https://www.casino.org/news/armenia-introduces-new-taxes-restrictions-on-its-gaming-industry/ |
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I always agree that traders and investors participation in the market are driven by speculation. But the growth of Bitcoin isn't just based on pure speculation anymore since people are busy laying foundation for adoption. The growth now depends on the cause and effect of the action of people that is working towards the future of Bitcoin. If there is something that happen to Bitcoin positively or negatively, there is a reason for it. I both agree with what has been replied in the thread and what is stated on the article, its that the author's point does not align with the many replies in this thread because we are too focus on the market movement which automatically tag all action as speculations while author wanted to express something else. The presence of Pure on the speculation gives another depth to the terms which somehow makes me think that pure speculation means everything happen without a reason and just pure guesses which the author wanted to refute by providing evidences why the next thing will happen. I agree even the author expresses a speculation but it isn't pure speculation because there is reasons and facts that those thing might possibly happen.
Taken into facts that speculation will never ceased to exist in the market. It is the core reason why the market is fluctuating and alive. Without traders and investors speculation, the market will be boring as hell.  |
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^^ If this is the case then I believed that 99% the fight with Hector Garcia will be cancelled. It's like two weeks from now, and maybe the schedule of the hearing could be around that time.
Unless the judges after the initial hearing will let Davis fight and then after that the whole domestic violence case will be hear. If he is lucky, then he could be out with some fines. But if he is found guilty, then the fight with Ryan Garcia will definitely be out for this year.
Let's hope for the best that Davis can still fight specially the biggest fight of his career against Ryan Garcia because it will be a disappointment for us if the fight is going to be postponed.
I believe domestic violence is bailable so there is a chance that Gervonta Davis will request to bail and the scheduled fight can continue unless the judge in charge forbid Gervonta Davis of participating in any sports event. Let us hope that all is fixed so that the fight scheduled this January will commence. If Davis is found guilty the fight between Ryan Garcia might not happen at all until Davis has completely served the term or got a parole. |
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I also think 2023 is early period to say that bitcoin prices will not to volatile as we still see huge price fluctuations while we are ready to enter the 2023 with only few days remaining so OP do you believe it to happen this fast when the adoption is not wide spread? At this time people use it as investment purposes and whenever there is panic in market we see dumps and if good news then rise in prices but for it to stabilize it will take long then you said.
Price will always fluctuate, but there will be ground for it why it happens. I believe Bitcoin isn't a pure speculation anymore. Anything that will happen in Bitcoin in the future won't be a guessing game anymore because several Bitcoin enthusiasts has created a ground for Bitcoin to proliferate and add sense to the predictions may it be price or acceptance. Moving out of speculative asset box does not mean the price will be stagnant. Of course the market will move up and down but this time, I believe, it will be on cause and effect and not because of mere speculations of people. |
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Just stumbled on this article, the guy who wrote this article is probably high on Bitcoin because he just came from Africa Bitcoin Conference in Ghana. I just came back from the Africa Bitcoin Conference in Ghana — an inspirational event bringing together pan-Africa and international leaders to talk about Bitcoin’s purpose over its price (thank you Farida Nabourema!). First we need to define what is speculation first: speculation - the activity of guessing possible answers to a question without having enough information to be certain[1]Article Title: AFTER 2022, PURE BITCOIN SPECULATION IS NOW DEADAuthor: RAY YOUSSEFAs the article stated: This year was a turning point for Bitcoin and its community is now ready to cut the dead weight of price speculation.[2]And to support his claim, he presented these 5 factors that will support his ideals (quoting the explanation so that reader don't have the need to click out of the forum) THE GLOBAL SOUTH WILL CONTINUE TO LEAD BITCOIN ADOPTIONI just came back from the Africa Bitcoin Conference in Ghana — an inspirational event bringing together pan-Africa and international leaders to talk about Bitcoin’s purpose over its price (thank you Farida Nabourema!). As a legacy for the event, our team at the Built With Bitcoin Foundation opened the Bitcoin Technology Center (BTC), a learning and training center in Kumasi, Ghana — which is set to educate 400 people in its first year.
This trip reenergized my hope for the future. Even in a bear market, trade volume in Africa continues to press forward. Looking at our volume on Paxful, we predict further increases in both Ghana and Nigeria for 2023. Why? We’re still seeing growth in Africa because of the necessity for Bitcoin on the continent — it offers a cheaper and more efficient solution for people to send money back home, make payments and preserve their wealth. And that does not go away because of market conditions. I expect Africa to continue to lead the way heading into the next year. THE DIVIDE BETWEEN BITCOIN AND THE REST WILL GROWBitcoin is backed by human work and has proven its utility beyond the West’s obsession with speculation. It has the ability to bank the unbanked and finally shift the tides of economic apartheid — Bitcoin’s impact cannot be overstated. The bulk of “cryptos” are for wild speculation and investing, relying on the morals of these shady authorities.
As we’ve seen with FTX, people’s life savings can be demolished when there is only a single point of failure. This narrative is the same game the banks have been running for centuries. I’m not buying it. Next year, we will see more Bitcoin-only companies and conferences as the Bitcoin community works to clean up the mess of misinformation caused by these bad actors. GOVERNMENTS NEED A RETHINKSmart regulation fosters safety, but poor- or overregulation stifles innovation and growth. We need to strike a balance and that comes with education. My hope for next year is that more Bitcoin companies come together to share why Bitcoin cannot and should not be regulated as you would, for example, stocks or wheat futures.
It’s our responsibility to also advocate for transparency — like requiring companies to share their proof of reserves. Without this, we’re going to see more far-reaching regulation like the Digital Asset Anti-Money Laundering Act, which pegs more consumer surveillance as the savior and touts Western Union as an example to lead the industry. We know how that narrative will play out... ‘NOT YOUR KEYS, NOT YOUR COINS’ WILL GET LOUDERThe trust of the people was tested this year and I don’t blame them for shying away. Life savings were destroyed because of despicable morals and we need to earn back that trust. This is why I advocate for decentralization and for users to self custody their savings.
Using a non-custodial wallet means that users are their own banks, managing their own money and controlling the future of their own finances. In 2023, we’ll see more of a narrative and product push around self custody. I am already doing my part to amplify this message, including sharing a step-by-step process on how to self custody your bitcoin. BEAR MARKETS WILL BUILD A STRONGER INDUSTRYI am a natural builder and I have gone back to my roots this year. I’ve come to realize that we are not building products for how people live their daily lives in the Global South. There is too much focus on the unrealistic dream of minting millionaires and not enough around the pain points that keeps billions of people enclosed in economic apartheid. Next year, you will see more products that cater to the true needs of everyday people and offer them solutions for remittance, payments, e-commerce, wealth preservation and basic communication.
While reading the article, I am convinced that Pure Bitcoin Speculation is Dead by 2023. With all the development and achievement of Bitcoin, it has set its ground to be one of the ever growing industry in the market. It is not a speculation anymore that Bitcoin will be globally adopted. We can have references as why Bitcoin will be adopted by countries in fact there is already a proof for it. With the collapse of central exchanges and popular altcoin demise such as FTT, LUNA and many other altcoin hack, Bitcoin will continue to get the bigger part of the pie. It also become stronger when ETH moved to POS. With the current bear market, the longer the bear market stay the better the industry is filtered out. So surviving this bear market will make Bitcoin even stronger. So yeah, people do not need to speculate about Bitcoin growth anymore because Bitcoin had already established a good foundation we just need to wait for the good result. There is a chance that many of us does not share the same point of view as the writer, so what do you think? Is pure Bitcoin speculation will be dead after 2022?
[1] https://dictionary.cambridge.org/us/dictionary/english/speculation[2] https://bitcoinmagazine.com/culture/in-2022-bitcoin-price-speculation-died |
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