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681  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency restrictions in some countries is a blessing in disguise. on: September 01, 2023, 05:51:51 AM
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Unemployment, where there is high rate of unemployed people, especially the youth, they will see bitcoin trading as a source of earning income.]

Unemployed people earning money by trading cryptocurrencies? Where they got their capital from? Have you heard the saying "only invest money that you can afford to lose"? If someone is unemployed, this means that he has no steady monthly income. This means that he(or she) can't afford to lose his/her savings. Cryptocurrency trading is very risky. You can't replace your job with crypto trading. I've always viewed cryptocurrency trading as a side income, that supplements the income from a 9/5 job.
Anyway, I agree that the people simply don't follow the rules and don't abide by the laws in many countries around the world.
"The forbidden fruit is sweeter". Maybe that's why imposing a crypto ban has the opposite effect and leads to bigger crypto adoption in most underdeveloped countries.
682  Economy / Economics / Re: CB Consumer Confidence delivers another blow on the US and USD on: August 31, 2023, 10:13:53 AM
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Economists consensus it to increase by 2 (116.0), but it rather decreased by 7.9 (106.1) from the last figure released and even beat the economists' expectations by 10.1. This is huge and good news for Bitcoin and a great relief from the major support.

Why is this good news for Bitcoin? Bitcoin isn't getting more valuable because of this, the USD is simply getting less valuable, which means that
the people would need more USD to buy less BTC. I wonder why the economics were expecting a rise in the Consumer Confidence index, after all the interest rate hikes and quantitative easing restrictions imposed by the Federal Reserve. This doesn't make any sense.
The US economy might be heading towards a recession, which definitely cannot help for pumping Bitcoin and altcoin prices.
I don't mind such negative macroeconomic news. The US economy has been pumped by money printing and cheap interest rates for decades.
Now, it's time for higher interest rates and severe financial discipline. Those multi-billion debts will have to be repaid.
683  Economy / Gambling / Re: I have solved the problem of complexity in provably fair games on: August 31, 2023, 06:20:42 AM
No crypto casino owner is going to hire you.
Why don't you create your own crypto casino, where you could impose your "revolutionary" probably fair verification system(or whatever you call it)?
I'm sure that you will stand out of the competition, by providing easier to understand(and to verify) explanation of the "probably fair" concept.
Creating a crypto casino isn't that expensive. Just get a domain and hosting, buy a casino template and install the games(by getting a gambling game provider). You will have to spend money on advertising as well.
684  Bitcoin / Bitcoin Discussion / Re: Trustworthy Sites Where Someone Can Work And Earn Reasonable Amount Of Bitcoin. on: August 31, 2023, 05:35:22 AM
l have been into bitcoin for a while now, buying and selling bitcoin, in addition to working in some sites, posting, air views, and earning reasonable amount of bitcoin. Recently, it's like some of those sites have closed down, while the remaining ones are paying little or no bitcoin. Can anyone tell me some trustworthy sites, where someone can work and earn reasonable amount of bitcoin?

How do you define "reasonable amount of Bitcoin"? In some parts of the world, earning 5 USD per day is enough for a decent living, while in others 50-100 USD a day is a medium wage.
AFAIK, many Get-paid-to (GPT) sites accept Bitcoin/crypto withdrawals. Freecash.com is the biggest GPT website. The problem is that those GPT sites are lucrative only for people living in Tier 1 countries.
Sproutgigs and Latium are crypto micro job sites, where you could earn by doing various micro jobs and withdraw via Bitcoin/crypto.
So far I haven't heard about any major freelance platform like Upwork or Freelancer.com allowing Bitcoin withdrawals.
685  Economy / Economics / Re: I wonder if food prices in your country have also increased? on: August 30, 2023, 10:23:36 AM
In my country the food prices have increased by more than 50% in the last two years. There's no drought where I live and the agriculture production levels seems to be OK.
Many people are complaining about the big merchants forming a secret cartel and artificially pumping the prices, but so far there's no evidence and the government's anti-trust commission isn't doing it's job to find and punish the cartels.
I guess that we should put the blame on the pandemic and all the government support programs and "helicopter money" which were thrown at the economy back then. I don't know anything about the situation in your country, but I think that it's normal for food prices to go up, when there is a severe drought.
686  Economy / Gambling discussion / Re: Casinos Should Also Be Prepared For Health Emergencies on: August 30, 2023, 06:06:14 AM

This happened in 2022 and although I do not know the outcome of the court case, my thoughts are that the discussion about casinos should go beyond security measures to cover how prepared they are in the event of a health emergency . I think that well-equipped First Aid Kit and trained paramedical staff could significantly contribute to ensuring the safety and well-being of casino patrons. Although casinos are primarily places where people go for entertainment and profit, the operators should put in place health emergency measures could potentially mitigate the impact of unforeseen events. On the other hand, I would argue that the family of the deceased is trying to obtain money from the casino. Do you think the casino is to be blamed?

If the guy died in a bank, should the bank be blamed for his death? If the guy died in a Wallmart or Target store should Wallmart and Target be blamed for his death. What will happen, if all grocery stores, banks and offline casinos are required by the law to hire medics and buy medical equipment, just in case such thing happens? There won't be enough doctors and nurses to cover this growing demand.
This is the American judicial system, everyone is suing everyone for money. I don't blame the family of the guy, who died. They are just trying to take advantage of the system.
687  Bitcoin / Bitcoin Discussion / Re: Bitcoin movement: my thought on: August 30, 2023, 05:21:52 AM
I just thought of this, and I want you to view it from your own perspective. As everyone hopes that more people get to believe and use bitcoins, I think bitcoins can gain more new users on a large scale if anyone (whales ) can place their advert through a popular football club just as some companies do sponsor  football league. I think this will send a strong message to billions of people across the world who do know but does not embrace Bitcoin usage.
Let me site another example, let's take for instance, a club announces that they  will pay their players in BTC. This news can also help people adopt BTC.

The big whales putting adverts on football clubs be like "Invest money in my centralized crypto project. Trust me, I won't exit scam". Grin
This sounds like meme content to me. Crypto.com is a big sponsor of sports events and I've seen their logo being placed on some football stadiums. Does this lead to mass crypto adoption? Nope...
Be honest here. You want crypto adoption mostly because you want the prices to hit the moon. You don't care about the poor bastards, who put their coins in centralized crypto scams and lose everything. Grin
True crypto adoption will come, when the newcomers stay away from big crypto companies and keep their coins in their own cold wallets.

688  Economy / Economics / Re: Good and Bad at the same time - Mega entities hold $ 14 billions in Bitcoin on: August 29, 2023, 11:01:13 AM
I really can't understand some Bitcoiners.
On one hand, many Bitcoiners want big companies, investment funds and banks to buy more BTC and pump the Bitcoin price. On the other hand, there are Bitcoiners, who are bitching and complaining that "the big whales are manipulating the market" and "Bitcoin is under the control of a few big corporations". What do you people want? Mass adoption(including from the big corporations) or less adoption?
Two of biggest centralized crypto exchanges are holding Bitcoins worth billions USD. Is this supposed to be big news? Is this supposed to be bad news? To be honest, I don't care. Holding 6 billion USD in Bitcoins isn't such a big deal. The BTC market cap and trading volume are way bigger.
Yes, those crypto exchanges might collapse like FTX. And so what? I never used them. The people, who are using them do this at their own risk.
689  Economy / Gambling discussion / Re: Still not a safe practice even if it works on: August 29, 2023, 06:33:09 AM
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Well, what will stop them from using this against you too as a gambler? Bypassing restrictions is not the problem, but it was never allowed officially, meaning you should accept whatever will be thrown in your face.

Why would you use a VPN, if online gambling is allowed in your country?
If you have to use a VPN in order to access an online casino, this means that your Internet Service Provider(ISP) is restricting your access to online gambling platforms, in accordance to you country's legislation and regulations.
Using a VPN to access a gambling website means that you are breaking the laws of your country. The online casino might take your deposits and even allow you to withdraw your profits, but what if the VPN company reports your browsing history to your country's authorities?
I know that this is close to impossible to happen, but some VPN companies don't delete your browsing data.
690  Bitcoin / Bitcoin Discussion / Re: Effective and Intelligent Solutions to Propel Future Bitcoin Price Surge on: August 29, 2023, 05:43:53 AM
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1. Mass Adoption and Mainstream Recognition:

2. Regulatory Clarity:

3. Scalability and Technological Improvements:


4. Institutional Investment:


5. Global Economic Uncertainty:


6. Educational Initiatives:

1.If Bitcoin was so awesome, then why every company in the world hasn't adopted it yet?

2.Relying on "the powers that be" to improve regulations in order to boost crypto adoption is kinda delusional.

3.Bitcoin will never be capable of handling billons of transactions per minute. Deal with it.

4.Again. Relying on "the powers that be"(which support fiat money) to pump crypto adoption is kinda delusional.

5.Bitcoin is a risky and volatile asset. In times of economic uncertainty, the investors simply choose gold.

6.Yes, we could educate more people about Bitcoin, but don't expect mass adoption because of this.

I'm not trying to shit on Bitcoin. I just want you to be more realistic about BTC and to stop with the wishful thinking in regards to Bitcoin.
691  Economy / Economics / Re: Increase in stable coins adoption might just be the key to crpyto dominance. on: August 28, 2023, 10:31:39 AM
Centralized companies like Paypal, VISA and Mastercard being positive towards stablecoins? I wonder why? Grin
Maybe the reason why such centralized companies are positive towards stablecoins is because the stablecoins are a centralized payment system.
The issuer behind the stablecoins holds a certain reserve of fiat currency, which is backing the value of the coin. What if this reserve doesn't exist? Can a stablecoin survive without being backed by anything?
Why would you use stablecoins backed by USD for buying goods and services, when you could simply use USD?
692  Economy / Gambling / Re: Empire.io | Free Payouts, VPN-Friendly, Relaxed KYC & 1 BTC bonus! on: August 28, 2023, 06:19:08 AM
Welcome to Bitcointalk and good luck with your crypto casino.
I can tell you that you will scare away many gamblers with this "relaxed KYC" policy. Please clarify your Terms of Service about when KYC should be imposed and in what cases. Can you clarify the terms "fraud" and "suspicious activity"? I mean, can you elaborate more about what is considered fraud/suspicious activity and what isn't?
Also, your image on the announcement thread points to a weird aff.partners.io link. Is this an affiliate link? Why don't you use the empire.io domain? Is this one of the gambling networks, which have multiple casino brands under their portfolio?
693  Economy / Speculation / Re: What if there is no crypto bull run for next 10 years ? on: August 28, 2023, 05:49:04 AM
What if there is no crypto bull run for next 10 years ? Will you give up all your investments and get out of crypto because of this ? Or do you you have even more broader horizon and can wait longer to see the next bull run ?

Personally, I am very much positive with bitcoin future but we should also be prepared for all situations. Nothing can be guarantee in present times and we must also be prepared for worst situations.

All those pointless "What if..." questions simply don't add anything to the discussion about Bitcoin.
What if some asteroid hits the planet Earth and destroys human civilization? What will happen to Bitcoin then?
The short answer is "who cares?". We will be most likely dead...
Jokes aside, it's impossible NOT to have a bull run in the next 10 years because of the three factors:
1.Bitcoin is scarce.
2."Money printer goes brrrrr..."
3.Most BTC investors are here to buy low and sell high. They have a speculative mindset, which means that most of them won't give up until another bull run hits the market.
694  Economy / Speculation / Re: Bitcoin is not going to $12k. on: August 27, 2023, 12:02:14 PM
Right now the trading volumes are low, which opens the door for high volatility. The price might drop to 15K USD, because there aren't enough buyers, but it might go up to 30-35K USD, if some big whale buyers appear out of nowhere and start buying. This might also create a small FOMO and a short term price bubble. Nothing is certain. Let's see what will happen with the Blackrock ETF. I believe that Blackrock is completely capable of pumping the market to ATH levels(if they really want to) Grin. On the other hand, we might see the market stagnating during the last 4 months of 2023 and a price recovery in the first quarter of 2024.
695  Economy / Economics / Re: Top richest from history, one hyperinflated the economy single handedly! on: August 27, 2023, 11:32:33 AM
Mansa Musa is more of a mythical figure and the legends surrounding him should not be viewed as facts.
I think that the medieval economy of Egypt was relatively small, so creating inflation by spending gold there wasn't as difficult as it seems.
Mali had lots of gold mines centuries ago, but I wonder where did all this wealth disappear. If the Mali empire was so rich, when why it didn't expand towards southern Europe(Spain and Portugal)? The story of Mansa Musa proves that simply having natural resources like gold and silver cannot make a country rich. The true source of wealth lies in having advanced technology and capital.
696  Economy / Gambling / Re: Thought's on many major fiat-crypto payment gateways ditching casino business's? on: August 27, 2023, 06:52:48 AM
1.You should move this topic to the Gambling Discussion forum.
2.I can assume that all fiat-crypto payment gateways are using fiat banks to handle their incoming fiat transactions and most of the banks want to stay away from the gambling industry.
I haven't done any research about this topic and I don't understand why would a crypto casino want to accept fiat deposits. Accepting fiat deposits means that the crypto casinos will have to compete with the big fiat casinos. Staying in the crypto niche means less competition and less expenses for implementing and maintaining such fiat-to-crypto payments(by paying the payment gateway companies, that are providing such payment gateways).
697  Bitcoin / Bitcoin Discussion / Re: Why We Are Still So Damn Early With Bitcoin .. on: August 27, 2023, 05:50:44 AM
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Due to Bitcoin's absolute scarcity and clearly defined inflation plan that can always be determined in terms of time, it cannot be otherwise than that a unit of these 21,000,000 steadily becomes more valuable and thus fragments of these units as well.

Not even 1% of people on the planet are familiar with the fundamental strength of Bitcoin. Over 99% don't know anything yet. The halvings can NOT be priced in if 99% of people don't even understand Bitcoin.

You are coming up with the assumption that the Bitcoin price will rise forever and ever.
What if all major countries in the world(USA, UK, EU, etc...) ban Bitcoin trading and mining? Will the Bitcoin price hit 100K or 1 million? I don't think so.
You are assuming that only 1% of the global population are familiar with Bitcoin. Maybe you are right, but is there a valid reason for the other 99% to care about Bitcoin(other than buying and waiting to sell at a higher price)?
Sometimes I have the feeling that most of the Bitcoiners view Bitcoin simply as a financial tool, which was created to help them make more fiat money. I understand this mindset, but there's something wrong about it.
698  Economy / Gambling / Re: 🎮LEETBIT.IO - 1337 Casino & Esports 🎮 Telegram Casino ⚡️ on: August 25, 2023, 06:55:46 AM
This is the first "Telegram casino" I've ever seen in the forum. Maybe we should wait for a "Discord crypto casino" as well. Grin
I'm pretty open when it comes to trying news things and I might try it.
Unfortunately, Telegram has been associated with lots of scams and scammers, because the platform is privacy oriented.
I will have to reopen my Telegram account and test your casino.
I like that you provided an explanation of the meaning behind the term "leet" in your announcement thread. I'm pretty sure that 99.9% of the gamblers don't care about the meaning behind that word. Grin
699  Bitcoin / Bitcoin Discussion / Re: Strategies of Institutional Bitcoin Accumulation and Their Motivations on: August 25, 2023, 06:13:54 AM
When Michael Saylor's, MicroStrategy buys bitcoin, the market price increase and they usually do so to mostly when the market is experiencing a down turn. Correct me if I am wrong but I am assuming they don't do so from miners via OTC trading offers. Keep reading . I was still years old(don't crucify me) when I learned that institutions can accumulate substantial amounts of Bitcoin without triggering significant fluctuations in the market price. They execute this through purchasing Bitcoin directly from miners via OTC trading offers. Now, I have learned that this is one of the ways that Blackrock is accumulating bitcoin. As some asked, I will ask here too: when institutions use this "silent" method to buy bitcoin, are they doing it to gain control of a large percentage of the market or it is purely profit driven?


I wouldn't call this a "silent method" to buy BTC. This is just a direct method of buying lots of BTC by bypassing all the middlemen(centralized crypto exchanges). I'm sure that OTP trading could also have an impact over the Bitcoin price, because we can't have difference prices for Bitcoin on the trading platforms and outside the trading platforms(at least not in the long run). The miners also want to sell at a higher price.
The Bitcoin market cannot be controlled. We live in 2023 not 2013. Of course that the institutional investors are doing this for the profits. Do you think that they are doing it for charity? Grin
700  Economy / Speculation / Re: Will $25,000 give this time? on: August 24, 2023, 10:30:09 AM
It is very possible if the support is broken, and it is possible that it will drop again. Moreover, the big sell-off came from large institutions that were shaken even though they knew that BTC had to be patient and use a defensive pattern, although some people think that BTC is very cheap now. So, we can take a lesson in these 2 days, not only the direction of price movement that we see, but margin and leverage must also be calculated in trading.

What "big sell-off from large institutions" are you talking about? All the "BTC sell-off" news were about SpaceX, but I have reasons to believe that those news were fake. I don't know anything about any big companies selling BTC right now. The idea of SpaceX having Bitcoins seems ridiculous to me.
Anyway, I expect the 2022 scenario to repeat and we might be witnessing a 15K-20K USD Bitcoin price in the last Quarter of 2023.
This will happen, if we see negative news about Binance and Coinbase, or another big centralized exchange does bankrupt or turns into exit scam.
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