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721  Economy / Economics / Re: Which problem will you choose to solve? on: August 31, 2023, 07:57:46 PM
but is easier to solve a rich man's problem than solving the poor cases since with the rich you have money as a tool to work with in solving the problem

I think it's easier to solve the problems of a poor person than to solve the problems of a rich person. For a problem to be a problem that Money can't solve then that problem is pretty big.
Most, if not all the problems of the poor can be solved by money.

What comes to my mind after reading this is that most problems of the poor could be solved by the rich. If the rich started solving poor people's problems, maybe one of those poor people would be able to return the favor. It happens that the poor are often smart, they have able bodies, they can work their way up, but they weren't given the opportunity, weren't raised in a proper way.

Money doesn't solve the problems of the world but it certainly helps in putting things on the right track.
722  Economy / Gambling discussion / Re: Has your Responsible Gambling had any of these Effects on You? on: August 31, 2023, 07:47:54 PM
In my case it did not help me in any way. The only positive aspect of it is not losing more money than I could.

I haven't made a lot for money, haven't had relationship problems, haven't been depressed over gambling or any other thing. I'm not really making money out of it, but I do it for fun and try to keep things in check. I'm not losing too much and I'm not making enough to live off it, but the feeling of winning from time to time is what I like and why I keep doing it.
723  Bitcoin / Bitcoin Discussion / Re: When to invest in bitcoin on: August 31, 2023, 07:33:46 PM
I was willing to buy bitcoin immediately the price drop but the challenge i have them was I'm  not with cash, but I will be waiting until the price fall again, and if it fall again I will not miss the opportunity of buying bitcoin and keep for long term investment

There are people who wanted 10k bitcoin last year and are still waiting for it now. Don't be like them.

The problem with people who wait for crashes is that when the actual crash happens they either buy very early and then get scared of it going down and sell, or they keep on waiting and waiting and then it bounces back and they feel like the opportunity is lost and never end up buying.

Don't act like a trader when you're not one. Just buy and hold. Eventually it's going to be worth more than it is now.

The best time to buy bitcoin was in 2009, but if you missed that, the next best time is now.
724  Economy / Speculation / Re: Will BTC go above $30,000? on: August 31, 2023, 07:20:21 PM
According to Analyst Crypto Tony, BTC prices are forecasted to hover within the $29,400 to $29,500 range for the week ahead. However, a bullish uptick is foreseen on August 20, 2023, with the possibility of breaching the $30,000 mark. Recent months have demanded substantial bullish forces to overcome these thresholds, hinting at an impending resurgence in Bitcoin's volatility.

Another example of how these forecasters know nothing. He predicted an uptick and got the opposite. I don't follow anyone and I don't watch any of these predictions because they're usually wrong, whatever they say. The only thing that seems to be consistent with these guys is that the ones that scream the loudest are usually the worst.

I think that speed of getting to a higher amount have dropped drastically and I don't think getting to $30k as expected by the end of this month is going to be possible because to me it looks like it will only be going up to let me say $28k and back to $25k.
For Bitcoin to rise to $30k or more than with this current dip I think is going to be in October or better still by November.

It takes very little to make bitcoin go to 30k because of a very limited number of coins on exchanges. It's the lowest since the 2018-19 bear market, and since that date we've mined more bitcoin and established more exchanges, so just think of how many now hodlers had to take their coins offline. We could literally go to 30k in an hour if a large buyer came in.
725  Bitcoin / Bitcoin Discussion / Re: Lessons Taken from Previous Bull Markets: How Will Your Approach Change? on: August 30, 2023, 07:29:01 PM
It's going to be my third bull market and I'm not planning to do anything different.

I've accumulated a decent amount of bitcoin and I'm not going to give it away until I find something to do with it, meaning some other investment, a business, something that I want to buy.
The difference between bull and bear markets in my case is how I handle my spending. In bear market I accumulate and hold. I spend fiat money and don't touch my bitcoins unless I really have to.
In bull market I look for things to buy. If there was something coming, like a house repair, or appliances that need to be changed, I'll do it then. If I need a new car, I'll buy it in the bull market. That's basically it.
726  Bitcoin / Bitcoin Discussion / Re: When will the bitcoiners realize bitcoin is just fiat with enforced tax on: August 30, 2023, 07:06:28 PM
When will the bitcoiners realize bitcoin is just fiat with more steps on a transparent ledger with enforced tax aka network fee. When your nation legalizes it like canada you will pay network fee and tax on top, such wow.


The main difference between bitcoin and fiat in this matter is that when you hold fiat you're taxed for the coins stored every single year. The network fee doesn't "tax" you for storing bitcoin, only for moving it around. This means that in 10 years, with the average 5% yearly inflation, you'll have 50% less purchasing power, while bitcoin, even if its growth stops completely (I don't think it will) you'll have the same purchasing power, minus a small network fee which is just ridiculous compared to banking fees.

To give you a perspective, PayPal charges 3% per transaction, so if you want to buy a phone for 1k, you have to pay $30 in fees. Sending the same amount with bitcoin is going to cost you less than $2.

What's with the "such wow"? Are you a dogecoiner?
727  Economy / Gambling / Re: Cloudbet - account closure request not satisfacted on: August 30, 2023, 06:54:38 PM
So what is the self-exclusion process? Is there a tutorial for it? I wasn't informed that I should had follow any different process at all.
My account was closed after it - so I believe it was well received. No? Do they have any other self-exclusion types? I can't find any on their terms, can you?
They didn't inform my account was permanently closed. Also, is that part of your "tutorial"?


Let's see what Wiki has to say about it :

In areas that have enacted self-exclusion policies, an individual who is aware that they suffer from a gambling problem can voluntarily request that their name be added to the self-exclusion list. If their application is accepted, the person in question becomes legally banned from all participating casinos within the self-exclusion coverage area. If a person who has been added to the self-exclusion list enters or attempts to enter a casino that participates in the self-exclusion program, they can be arrested and charged with trespassing.[1] In addition, any chips, tokens, credits or other winnings in their possession at the time of arrest can be confiscated or invalidated.

The participant must complete the form voluntarily.

https://en.wikipedia.org/wiki/Self-exclusion

The problem with your case is, you've never requested to be excluded. You've requested the account to be closed, which doesn't block you from using the casino. A gambler can for instance think his account is unlucky, or doesn't like the name, and wants it to be closed. This doesn't stop him from making a new account, or later reopening the old one.

You admit that you've never asked to the self-exclusion list, or that you're closing the account because you're an addict.
728  Bitcoin / Bitcoin Discussion / Re: BlackRock wants to reduce the price of Bitcoin on: August 29, 2023, 04:53:36 PM
I think that they were focusing on other branches.

BlackRock has recently invested in Riot Platforms Inc, Marathon Digital Holdings, Cipher Mining Inc and Terawulf Inc, which are 4 biggest mining companies.
If they are doing it, it means they know the industry is going to explode after next halving, which will coincide with a possible ETF approval.

I'm, not saying it's impossible for them to influence the price to get more bitcoin, but I feel like they have a lot to lose by "playing Musk" and saying they'd open ETF and then trying to dump everything to crash levered investors.

I feel like this recent dump was Bad news from China > Stocks sold off > Investors sold bitcoin to cover positions in stocks > Moved bitcoin below MA200 and caused a liquidation spike.
729  Economy / Gambling / Re: Cloudbet - account closure request not satisfacted on: August 29, 2023, 04:37:14 PM
I am a bit confused on reading your whole story. At one point of time you asked them to close the account and then you requested them to reopen and they reopened it. So is there any issue with it ?

Now what do you want ? The deposit which you made after the reopening of account to be refunded ? Did you play at the casino after reopening and lost the amount/bets ? Or you did not play and the deposit are still there in your account ?

It's simple.

OP wanted his account closed but did not say it's a responsible gambling or self-exclusion case. Just wanted it locked. This may happen due to someone else having access to that computer and OP being at risk of someone logging in, or because his wife found out that he was gambling and was about to try if he has an active account? There can be many different reasons for asking that.

Then OP wanted it to be reopened and it was.

Now OP claims the casino wasn't trying to help him maintain addiction.

I'd call the complaint is baseless and OP will not get any support from the community and the casino.
The only thing this conversation proves is that Cloudbet's support is active and reacting to customer's requests.
730  Economy / Speculation / Re: Bitcoin is not going to $12k. on: August 29, 2023, 04:24:30 PM
Recently, there has been a lot of speculation about bitcoin dropping to 12k$-8k$ before the bull season arrives and I stumbled across this article. I want to know what you guys think and why you believe bitcoin will not drop to 12k$.

Only a lot if you read the wrong sources. There's a few short sellers who want to spread this FUD that we're going to get a new bottom because they want it to happen.

What I've learned over the years is that there's a group of people who call themselves analysts, but in reality they're influencers. It's all these dudes who publish videos and try to sell courses or VIP tickets where they'll supposedly give you more data and real trades to follow. These people are actually bad traders. If they were good they'd make money this way because by taking a good long or short position you can make 2x more than once a month. They prefer to sell you courses for 1k because it's a sure gain. Why wouldn't they leverage that 1k and make 2k in a single trade? Because they have no idea where the market is going, but nothing stops them from selling their bullshit.

Who's that trader who claims that we'll hit 10k this year? Soloway? He was calling for 12k bitcoin at 16k and then we went to 31k so he doubled down because he's already a laughingstock, so all he can do is pray for that 10k so he can say I told you so.
731  Other / Politics & Society / Re: Has anybode suggested the idea of "crypto-communes"? on: August 29, 2023, 03:23:32 PM
1) By the decision of the majority, forced transactions can be carried out, i.e. money in your account can be transferred to another account;
2) You can withdraw your coins into real money only with the consent of the majority.

I don't know what societies can gain from such a system?
Although it appears to be a socialist system, it is much worse than centralization...
Implementation of forced transactions by this majority decision is worse than communism.

Exactly. I don't want the majority to decide for me. I don't want to live in a system where people can force me to do anything.

This thread is about money, but it's a great moment to mention covid, as people were forced out of their homes, denied services and money because others feared the virus. Fear is a very easy and efficient way of controlling populations. When threatened from the outside, your perfect commune is going to turn into chaotic state of lockdowns and terror.

Even if you buy a piece of land and make it your own state, what's going to stop your neighbors (nation states) from taking over with military and forcing you to pay taxes?
732  Bitcoin / Bitcoin Discussion / Re: After all these years on: August 28, 2023, 08:12:49 PM
XRP? Really? Are you really trying to compare apples to oranges here and claiming oranges and claiming apples are better because they have more uses?

XRP is a centralized and premined shitcoin. It's been partnering with companies since 2013. Do you remember times when Garlinghouse wasn't even the CEO? They had partnerships already and everything was going so slow for them that even dumping their own premine on investors wasn't helping them.
733  Bitcoin / Bitcoin Discussion / Re: I think we need to start asking people if...... on: August 25, 2023, 07:57:05 PM
I tried to promote - long ago - bitcoin to friends and colleagues. Most have dismissed it almost instantly. Some few still remember of that. One envies me. Another one still tries - after so many years - to explain me the price is manipulated and it's all a scam.

But nowadays the paradigm has changed and many people - including me - prefer to not brag about bitcoin, no matter how big or small the amount is, to avoid unnecessary hassle with burglars or worse.
So... yeah..  Sad

That's me, which really is a sad thing.

Long ago, in 2016, I was full of hope for humanity and tried to tell people about bitcoin but I saw that smirk on their faces telling me something like "this guy got hooked by those  scammers, he's going to lose money" so I stopped doing it. it reached a point where I wouldn't talk about bitcoin at all unless somebody mentions it. Even then I don't immediately contradict them or reveal that I'm a bitcoiner but instead I try to learn as much as I can about their attitude, asking if they own some, if they heard about this or that, like blackrock investing, microstrategy and all the rest.

734  Economy / Gambling discussion / Re: Can money be saved in gambling sites? on: August 25, 2023, 07:50:14 PM
~snip~

I think your idea is about as ridiculous as it gets. No matter how lucrative and famous a gambling site is, it is not designed to store money on it.

My advice to you is that if you are interested in saving money in cryptocurrency, buy one of the hardware wallets and store your money there without thinking that something might happen to it in the future.

I agree 100% with you.

The first rule of bitcoin is not to keep your money on exchanges because it's made for self-custody. Holding money on a third party site that isn't even an exchange, like those sites that offer staking services, or casinos, is an activity that comes with very high risk while offering completely no reward because you're not getting interest on your savings. It doesn't give you benefits, even if you hold over a million USD there.

Treating an exchange like a bank is a mistake. Doing the same with a casino is even bigger one.
735  Economy / Gambling discussion / Re: What would you like to see on betting platforms? on: August 25, 2023, 07:27:09 PM
Write your wishes so that we can become better for you!

I feel like you're trying to fill the niche that doesn't exist. All that defi and web3 crap is there to make crypto users more confused and doesn't yet bring any important changes to the table.

You've made a new platform and already asking how to improve it which makes me think you're not doing too good financially and are trying to ask the community what to do about it,like the community is responsible for lack of interest. It is not, you're just too ahead of yourself and the current market.
736  Bitcoin / Bitcoin Discussion / Re: SEC Likely to Approve Several Spot ETFs, Sparking Next Bitcoin Rally: Matrixport on: August 24, 2023, 07:46:46 PM
ETF this and ETF that. We're actually talking about an ETF for bitcoin since 2018 when Winklevoss were trying to get one approved and kept getting denied.
Futures doesn't count because it's not the real thing, just an instrument for fiat users to bet on bitcoin without touching the thing.

Let's not get too excited because it's been more than 5 years since people are talking about a possible ETF in the US. Also, there's already one in the EU and one in Canada if I'm not wrong and there's no positive impact on price. What makes you think these people won't short bitcoin like those that have money in that futures ETF? When it went live, the 2017 bull market ended.
737  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Helped Create Big Changes In Your Life? on: August 24, 2023, 07:28:12 PM
Yes, it did make a change in my life. First of all, I started reading about finances and politics more. I used to do a lot of IT stuff and play computer games in my free time. I wasn't interested in finances, but when I started reading about bitcoin and then posting on bitcointalk it became sort of a hobby.

I know a lot more about finances and the role of bitcoin in giving people basic power over their money. This is one of the most fundamental rights we have and many people don't appreciate it and take it for granted. At first it was only about how much fiat I can make with my bitcoin. Now it's more of a 'how to get more bitcoin' type of game.
738  Economy / Gambling / Re: Whats happening with Betnomi? on: August 24, 2023, 07:18:50 PM
Anyone checked Betnomi website today?
Sorry, we're down for scheduled maintenance - message is back again, so there is still some hope they could come back with some incredible story to tell.
If that happens they should be ready to answer some hard questions, and it is not going to trust them again.

Scheduled maintenance that lasts a month? Not something that's likely to happen to a legit site. I will be amazed to see them come back to even explain this.
Running a business is like borrowing money. You have people's money and you don't let them know what's up? You just disappear for weeks? Normal people don't act like this.

It's over and the team is compromised. There's no chance for a relaunch after this disaster.
739  Other / Politics & Society / Re: Is greeting important in your culture? on: August 23, 2023, 05:17:01 PM
I have a friend who is a minister in Ethiopia. Greeting in Ethiopia amounts to this.

If you are walking down the path in Ethiopia, and you meet a stranger going the opposite direction, you spend at least 15 to 20 minutes in a friendly chat about anything and everything that comes to mind.

If you and your family are putting on a family luncheon, and you have a few friends and relatives over as guests, any stranger who happens to be walking by and sees your get-together, is traditionally automatically welcome to join your festivities and share in your meal.

If all the peoples of the world had this kind of friendly 'greeting' among themselves, the whole world would be a much better place to live in.

Cool

That's very interesting. I didn't know Ethiopians are so nice.

I've always found it fascinating how the Japanese greet. I was once traveling by train and and a Japanese woman sat in my compartment. After a while she stood up and started bowing, so I stood up and asked if she needs help with her luggage, thinking that she wanted to leave, but she was just going to the toilet. Every time she wanted to leave the compartment she'd bow to each of us and we didn't know if she'd be back from that journey or not. Cheesy

In my country it's customary to greet people who you know and the one's you're about to interact with. We usually don't greet strangers, unless we want to ask them something.
740  Bitcoin / Bitcoin Discussion / Re: How do you go about realizing gains? If you opt not to, what is your reason? on: August 23, 2023, 05:02:46 PM
I don't "secure gains" because I don't agree with the average trader as to what securing is.

If you ask people many will tell you that securing gains means selling your bitcoin for fiat or a stable coin. I don't trust stable coins, as they're controlled by private companies and exchanges. We also don't know if and by what they're backed. Do Kwon tried to back his shitcoin with bitcoin and we all know how it ended.

I also don't hold too much fiat because I'd have to use cash for that, as I don't trust banks and don't hold a lot of money there. I don't want people to tell me what I can and cannot spend my money on, so most of it is in bitcoin and is going to stay there, regardless of whether we have a bear or bull market.
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