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6841  Bitcoin / Bitcoin Discussion / Re: What Is Best Course Of Action? on: August 06, 2020, 08:31:58 AM
Seriously?

When it comes to money, you should make your own mistakes.

Asking that question tells me you don't have the right mindset.

Nobody knows what the best course of action is. You'd better educated yourself and make a decision.
6842  Economy / Web Wallets / Re: Bitcoin.com, the scammest wallet I've ever seen on: August 06, 2020, 08:25:15 AM
I've seen the video but I don't get it. You try to send bitcoin using a QR code but then it says you have 0 bitcoin to send or what?
6843  Economy / Gambling discussion / Re: Online Gambling going to be regulated on: August 06, 2020, 06:05:46 AM
This regulation might be problematic for some  , for sure now the crypto gambling sites will receive a notice and let's see what would be the height of regulation.

Do you really think so?

Crypto sites are based in tax havens and operate on the basis of loopholes to say the least. They don't usually hold gambling licenses.

It is more likely that they get a notice for operating without the gambling license than for that regulation. However, if after so many years operating in the dark, they haven't received it, I don't see why they are going to receive it now.

I don't know why this has been overlooked for so many years. Maybe it's a mixture of not understanding and downplaying the importance of crypto casinos, but the moment they realize their importance they will force them to buy licenses or they will block them.
6844  Economy / Speculation / Re: Bitcoin on track to 100k according to stock to flow model on: August 05, 2020, 05:22:21 AM
Dont be easily deceived into these kind of call.

No, I'm not. I am aware that this is a prediction just like another and that it can fail, although probably some predictions will be right in the future.

Since McAfee "I will eat my dick" prediction, I don't blindly believe any prediction at all. Even McAfee claimed that his prediction had a mathematical model behind it.
6845  Economy / Service Discussion / Re: Freebitcoin bot - What do you think of this tool? on: August 05, 2020, 05:13:20 AM
I wouldn't say that. Being provably fair doesn't mean being perfectly random.
It just means the house isn't able to cheat you.

I don't agree with this. It means that neither the house can cheat you and nor any other player can cheat the house. Provably fair proves the randomness of the system

"In a provably fair gambling system, a player places bets on games offered by the service operator. The service operator will publish a method for verifying each transaction in the game. This is usually by using open source algorithms for random seed generation, hashing, and for the random number generator. "

source

Just imagine that the house isn't cheating you but the system has some imperfection. Let's say that some numbers in the roullette tend to appear more, someone able to discover that would be able to take advantage of the system by betting just those numbers. That just doesn't happen.
6846  Economy / Speculation / Re: What will you do when Bitcoin reach$20k? on: August 04, 2020, 12:35:49 PM
I think I'll sell a small percentage of my bitcoins then, and I don't think I'm the only one.  Just to see some of my profits, but then I don't think I'll sell anymore until 50,000. I plan to sell small parts as new ATHs are reached, but never selling all.
6847  Economy / Speculation / Bitcoin on track to 100k according to stock to flow model on: August 04, 2020, 06:11:05 AM
Hi guys,

What do you think of this?

The author of the stock to flow ratio says it's going to 100K.

In april he declared that this halving would show if his model was correct and seems to think so nowadays.

The model predicts bitcoin price according to the relation between the supply and the bitcoins being created.

Source: https://cointelegraph.com/news/bitcoin-now-perfectly-on-track-to-100k-says-stock-to-flow-creator

I don't know what to believe, with so many predictions, but this system has a clear logic behind it. I hope he is right, actually.
6848  Other / Meta / Re: Double posting of a thread on: August 04, 2020, 05:41:03 AM
I think if there are exceptions to the rule, this should be one of them. He is trying to help people protect their account by warning them. I wasn’t sure if I had hidden my email when I registered and as soon as I saw the thread I checked it.
6849  Economy / Economics / Re: Cash Is Trash on: August 03, 2020, 08:47:24 AM
It's just the opposite, cash is still King.
 
He is comparing pears to apples, i.e. cash with investments. Cash is not an investment.  The fact that an investment goes up or down does not diminish the value of the cash.

Cash gives you security. It is not incompatible to have some cash and investments, it’s rather advisable.

The market will go down at some point, and, guess who will be able to buy cheap assets?

Those who have cash.
6850  Other / Beginners & Help / Re: Faucets - Do people still use it, and are they worthwhile? on: August 03, 2020, 04:15:23 AM

I recently noticed that some faucets still attract so much traffic, and it really got me curious whether using faucets daily is actually worth your time.


How have you noticed they attract a lot of traffic?

I think they only attract people who start and are curious but don't want to spend money buying.
6851  Bitcoin / Bitcoin Discussion / Re: Crypto Pension Fund - Thoughts? on: August 02, 2020, 04:44:45 AM
I think it goes against the very idea of bitcoin: you hold your keys, you hold your money without depending on central banks or other institutions.

If you give (some of) your bitcoin holdings to a bitcoin pension fund, you lose that power.

However, you can hold bicoin as part of your retirement plan.
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