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641  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: February 14, 2021, 10:36:05 PM
Judging from personal experience there's no point in the deep analysis of the game you're betting on, there are too many factors to take into account, from injuries to coaches, and personal health, gaming history, the atmosphere in the team, and many-many other things that you may not even think about and can't possibly know.

Considering all this, I'd say it's impossible to gather all the data, make a full analysis, especially if it's not your main occupation and you're betting on many games at a time.

However, there are some significant points that might affect the course of the game, but that's why it is good to analyze the odds rather than the game itself and that's why you've improved. The odds already represent all that data you need, because other people analyzed some stuff, made their predictions based on this, which affected the odds.
642  Economy / Economics / Re: Rich have too much on: February 14, 2021, 09:41:50 PM

You guys cant have even for me 20-40$'daily its small money

Look at the bankers how much they have money
Let me have just a little money

But no so ill be happy to see economic crash i will be happy to see how people lose everything

Because i dont have nothing !!
Why are you so angry with rich people? Yes, some of them are corruptionists and gained their money in an unfair way, but there are also people, that earned their wealth a hard way, went through a lot of rises and falls, and had many obstacles on their way up. And you really want to see them lose it all?
Also, if you want to have money - why don't you try to find a suitable job where you live? Nowadays it really isn't that hard to find a well-paid job if you're educated, hard-working and put the effort into it. Also, you may try and build something of your own, come up with an idea, find potential co-workers, and work on a plan. Yes, that might be a lot of work, and risky and not necessarily you'll achieve something, and on top of all requires investments, but at least you should try. It's not impossible if you really work on it.

P.S. I don't know where you're from, but in most countries, 20-40$ daily isn't small money, it's an average or above-average salary.
643  Economy / Economics / Re: In crypto everybody pay high tx fee, no matter rich or poor people on: February 14, 2021, 07:58:27 PM
If you own 1000 ETH, you pay 10 ETH in fee for fast speed transaction, if you own 100 ETH you pay 1 ETH fee, if you own 10 ETH you pay 0.1 ETH.

In stock market, poor people pay the highest trading fee, where rich people pay low trading fee, 401k probably paid zero trading fee because they own the brokering market, yup, stock market benefit rich people and punish poor people on trading fee alone.
That's not exactly right. You see, the important feature of crypto is that your transaction fee not in any way depends on the amount of money you are sending (unlike transactions with bank cards). Transaction fees are mainly defined by how loaded the market is at the moment with numerous transactions and how much people paid for them.

Sure, if large txns take place at a certain time - to get your priority and make sure your txn is processed fast you're gonna have to pay a lot (like it is happening lately with Bitcoin), but if you're okay to wait - you're free to pay as much as you like, but it might take forever. With crypto, the rule "time is money" applies literally.
644  Economy / Speculation / Re: Apple is buying Bitcoin on: February 13, 2021, 11:51:48 PM
A wallet app from Apple for cryptocurrencies would be so convenient, and if they launch it - definitely more people will join the crypto-community, sounds like a dream come true! On the other hand, it would also be profitable for the company.

However, as I understand it, it's only a possibility for now? I didn't find any information proving that Apple is actually intending to do so. And, as the record shows, Apple isn't really a big supporter of cryptocurrency. If I'm not mistaken, years ago the company even excluded blockchain app from the AppStore, didn't it? So, sadly, but it seems that for now, Apple is still more likely to go for electric vehicles project.
645  Economy / Economics / Re: Cefi vs defi future of finances there is a question on: February 13, 2021, 10:06:56 PM
I agree with you. Eventually, DeFi will take over CeFi, as it has much more privileges: totally automated, therefore the probability of something going wrong is much lower, you have complete access to your wallet, everything is in your hands and it's more transparent, your funds are less vulnerable to different attacks, no need for KYC and sharing your personal information..I see no reason why this shouldn't happen.

And regarding this
Or it will be so difficult to learn how to use defi platforms that those who dont learn it will just do the manual real physical labour for thosr wgo knows how the defi works and how to use it.
I think even though it will be easier to make money - everyone won't suddenly quit their jobs and go for it, so the work assignment will basically stay as it is now, only the ones who are interested in trading and finances will switch to this platform. And regarding pure physical work (where not much thinking is required), in my opinion, it will be all automated within the next 5 years, we can already see that starting to happen.
646  Economy / Gambling discussion / Re: Three Indians arrested over illegal betting in ZACS on: February 13, 2021, 07:53:09 PM
Looks like double cheating! They violated both the governmental guidelines regarding gambling and betting rules, so it would be fair to say they have only themselves to blame. I realize that it's very tempting because with this strategy you can put all your money and assets and win a fortune, but that's also not fair and these people paid for it.

I think there shouldn't be any delays between the live game and broadcast, or, in case that's impossible to organize - all betting should be closed prior to the game, so that there'll be no temptation for such actions.
647  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #101 | $200 prize pool | Level 5 💥💥 on: February 13, 2021, 07:20:35 PM
Neurologist
648  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #101 | $200 prize pool | Level 5 💥💥 on: February 13, 2021, 12:56:17 AM
Neurologist
649  Economy / Economics / Re: Financial freedom and success comes from knowledge on: February 12, 2021, 11:49:34 PM
I do think we have to understand the fact that Knowledge is something that comes from Education. Education is something that does require a lot of investment during this time period and at the same time we have to understand the fact that the government is not at all lenient in granting :
student loans
It is not easy to secure one and at the end of the day even if you successfully get one it's hard to count on the upcoming semester.
Therefore this is something that the government should work for in many countries the education is free like in Germany but then again the finances are a whole different thing.
One can have PhD but at the same time could fail to even get monthly financial stability despite having enough money because most of the times it required consistent  reason , analysis, perspective a lot of experience and the ability to use that knowledge for the greater good.
You can have knowl but it will depend on the fact about how you decide to use this knowledge.
Well for me money is anything that holds a value not just Crypto. It's indeed more important as compared to fiat for me since it's more or so beneficial as a whole to hold it.
The fact that Knowledge comes from Education might be true about the past, but now it's a completely different story. Nowadays most universities are focused on theoretical studying rather than practical application, and that is a very big problem. You finish your classes with tons of information inside your head and no idea about what to do with it. Many professors that educate also know everything just in theory, but in practice, in real life - everything is different. I know all this for a fact, because I was a very hard-working student, graduated top of the class, participated in conferences, etc.
And all of it literally gave me nothing.

Many of my groupmates that were far worse than me are now actually in a better financial state, because while I focused on books and learning, and articles - they focused on earning actual money. And I realized, that searching info on websites, consulting with real specialists, attending webinars, etc turns out to be WAY MORE EFFECTIVE, than all those years of studying.

Damn, I learned much more from this forum, than from all my economics/finance classes at the university! And all of this is FREE, the only thing you need - is effort and the ability to filter information, find reliable sources. You basically need college as a formal requirement now, to get your degree, real knowledge you acquire elsewhere.  
650  Bitcoin / Bitcoin Discussion / Re: Jack Dorsey and Jay-Z to allocate 500 BTC to Bitcoin dev on: February 12, 2021, 11:05:46 PM
It's interesting how different organizations are starting to wake up just now, one after the other, but why not earlier? Maybe they're trying to figure out how to deal with the global economical crisis. It's a great initiative, however, I don't understand why would they do it as an irrevocable trust, doesn't this put at risk all this idea? I get that there are some good specialists in those regions, nevertheless, a little bit of cooperation with world renowned specialists would enhance the progress IMO.
651  Economy / Gambling discussion / Re: Thailand government seeks measures to tackle the problems of illegal gambling. on: February 12, 2021, 09:26:55 PM
Yes, there are always people who support illegal gambling for a simple reason, it's profitable. Also, for some gamblers the fact they are gambling illegal makes even a bigger thrill.

Isn't it obvious that people are expecting a profit that's why they gamble? Legit or illegal gambling, no difference in terms of probability to win.

The reason why people support illegal gambling is not that it's profitable but it's because of borderless and not much restriction. That's why while government thinks of a way to shut down illegal ones, they should also go after the people that support it.
That is never going to work, many of those that are gambling in those establishments do not really even know the place where they are gambling does not have the necessary permissions by the government to operate, it is not your job as a gambler to see if the place in which you are gambling has everything in order, most people that gamble only want to get some fun and are not really interested in the profits that they can have, they do not want another headache in their lives so I think it is a complete mistake to try to punish them when they are not the ones that are violating the law directly.
And the governments take that into consideration, it's not like it will be a gambler's job to seek legal casinos, the whole point of these restrictions is to limit access to black market casinos and thus eliminate the possibility of people using those websites. The major problem (and the reason why despite the given number of legal casinos people still go for illegal ones) is that the government isn't really a professional in the gambling sphere, so they can't provide people with decent alternatives.
Also, I think the govs are shutting down the black market not in order to punish gamblers, but simply because there's no tax on such casinos, which means no profit for the government, which is a potential threat to the economical stability of a certain country.



652  Economy / Economics / Re: Are institutions hedging? on: February 12, 2021, 08:35:26 PM
I don't think that it's instituitions' intention to manipulate the market: there's too many of them and more and more companies are investing in Bitcoin so in order to manipulate they'd have to collaborate, work together on this (and what's the profit in it, if they're all rivals), considering that now the Bitcoin daily volume is around $9 billion. I don't think it's a FOMO either, $1.5 billion investment is too much money to be triggered by something like that. IMO it was a well-considered decision for Tesla and the same can be said for other companies.
653  Economy / Gambling discussion / Re: shittiest soft ware ever!! on: February 11, 2021, 11:03:35 PM
I've been in similar situations with online casinos, but it wasn't completely impossible to withdraw funds, they didn't scam me. But in order to withdraw there were some required actions, like half of my wins I had to waste on spins or make an additional minimum deposit and gamble with it. Eventually, I just gave up, because I was feeling this is just their way to lure people into all that gambling and make them put their own money into it (because, at first, they were giving lots of bonuses, too bad there was no use for them in the end Cry).

So I don't think they're absolute scammers, it's just business. Also, later, when I checked the website and was searching for some answers I found that there actually was information (very concealed, though) about these regulations and policy.
654  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #101 | $200 prize pool | Level 5 💥💥 on: February 11, 2021, 11:12:08 AM
Neurologist
655  Economy / Economics / Re: Covid-19, Lockdown and repercussions on: February 10, 2021, 09:27:40 PM
The place I live, things have happened in a very strange fashion: March 2020, when it all has just started, and there were on average 3-5 cases per day (within the whole country!!) - we had a very strict quarantine, only groceries and drugstores were allowed, and only a limited number of people per time, you couldn't be seen just walking around, there was a serious patrol police and if anyone found out you were just taking a walk - you'd be issued a fine! It's been going on like that for about three weeks, everyone was very serious and very scared back then.

And now, as time has passed, the situation became quite the opposite: we have thousands of cases per day, but no one cares, people barely wear masks, there are so-called "lockdowns", but they aren't very serious or even close to what we had at the beginning, there are limitations like you can't sit right next to someone in the cinema, you have to wear a mask, but if you don't - no one will notice and give a comment, the restaurants can't work from 12 PM till 7 AM (not that anyone ever went to the restaurant at this hour). So basically there are no strict limitations, while there should be and that's what drives me crazy!

I guess the people are just too tired of all this and many have already gone through coronavirus sickness, so no one follows any rules, and, I guess, no rules apply anymore, that's very frustrating because many people still get sick and die, but everyone is just used to it now  Cry

656  Economy / Economics / Re: I Don't understood USA dollar ise weak and experts Give warnings on: February 10, 2021, 08:22:06 PM
What is the weakness of the dollar? Smiley Whatever the "weak dollar" is - not a single currency has ever been able to even come close to its level! For example, in the USSR it was always accepted (of course, cheap, stupid propaganda) to say that "tomorrow the dollar will cease to exist." I remember these "horror stories" from the 80s of the last century, when I was in school, and our children poured this nonsense into their ears Smiley And now 40+ years have passed - and NOTHING HAPPENED to the dollar! And as long as the United States exists, nothing will happen to it.
Totally agree with you, it's usually weak and unsecured, but manipulative and lying governments or organizations that tell those tales. It drives me crazy, but even nowadays there are actual people, who say that dollar is weak, and that USA economics is very unreliable and no one in his right mind should go there, because it's got 5-10 years to live before some major crush and crisis  Grin

And the funny thing is: where's that very government that fed its people with misinformation regarding $ for years? The dollar outlived it! Cheesy
657  Economy / Gambling discussion / Re: Do casino awards matter? on: February 09, 2021, 06:32:17 PM
I personally don't look at whether or not a certain casino has won an award, didn't even know such things existed, to be fair  Cheesy
Whenever I choose a gambling website there are 3 things that matter the most to me:

1. Provably fair. I like to be sure there'll be no scam.

2. Nice interface, navigation. Sometimes it can be really hard to find something on a website, that wasn't designed well, that can be very annoying!

3. Reviews. Some of the websites can buy themselves good reviews, no doubt in that, but mostly, in my experience, if there are some flaws and pitfalls - at least some reviews will tell you about that if you do your research.
658  Economy / Economics / Re: Risk-takers always ahead financially on: February 08, 2021, 09:35:53 PM
I agree with you, without taking risks there will be no success (either personal or in business, it doesn't matter). However, before simply taking the risk one should assess the risk and its possible consequences. There are many risk-assessment techniques, that are used in business, project development, but, basically, you can apply them anywhere. My favorites are SWOT analysis (when you assess Strengths, Weaknesses, Opportunities, and Threats), which comes in very handy when you want to make your analysis as objective as possible and make the decision.

Also, there is a Risk Matrix, in which you enter data about the probability of something happening and about the consequences. The risk is considered as high if there's a high probability of something bad happening and vice versa. It seems like something you can put together in your head, but it actually works much better if you write it all down in this table/matrix, and use different colors and scales to depict the level of risk for each parameter in question, and in the end, you can calculate the overall risk. Using these techniques will help you to see the full picture, not just in your head, but a vivid image of it, and also to take into account every little detail you might forget otherwise.
659  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #100 | $200 prize pool | Level 5 💥💥 on: February 08, 2021, 05:10:02 PM
Neurologist
660  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Tesla Fight! on: February 08, 2021, 05:02:11 PM

Looks like Elon Musk is using his shareholders capital to buy Btc  Grin

So in reality it looks like Tesla Shareholders are indirectly buying Bitcoin Shocked

If Elon Musk takes the Michael Saylor approach that is put his recently purchased bitcoins into the Tesla treasury then that will bring confidence to Tesla shareholders if the dollar crashes so that will only attract more Tesla investors pushing TSLA share price even more higher!


Not just "looks like", it's a fact now. Here's some fresh piece of information from today's news:

Quote
Electric car maker Tesla has acquired $1.5 billion worth of bitcoin and plans to begin accepting it as a form of payments for its products in the near future, the company disclosed in a filing with the U.S. Securities and Exchange Commission (SEC).

Source: https://economictimes.indiatimes.com/tech/technology/tesla-invests-about-1-5-billion-in-bitcoin/articleshow/80752098.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Also, recent Bitcoin price runups (on 7-8 of Jan steep rise followed by a decrease just a few days later) correlated with Elon's net worth, so it's more than obvious that he has acquired (maybe even a long time ago) a fair amount of Bitcoin.
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