People have been killed for it and tortured (sure this happens with fiat but the blood is on your hands now). Are you kidding me? It's like putting the blame on gold miners for all the people, who got tortured and killed because they own gold. We know that Bitcoin isn't perfect. There's always a problem, but the problems will be solved. BTC mining becomes more and more environmental friendly. The "51% attack" argument is BS(it has been proven to be BS multiple times on the forum). The idea that someone could simply buy all the BTC and all BTC miners is complete BS. Network fee only goes back to miners this leaves no funding for roads, garbage, schools, medicare or disabled veterans. You know that BTC miners are just like any other business and they are supposed to pay taxes as well. Right? |
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Hello everyone,
there's a lot of discussion about an impending economic crisis. I'm curious about how Bitcoin will perform during this crisis. Will it function as a safe haven similar to gold? Or will its value decline significantly?
what do you think ?
This question has been asked 1000 times in the last 10 years. Why don't you search for older forum threads instead of creating a new one. To be honest, I don't think that the Bitcoin price could rise in times of economic stagnation and monetary restrictions. It's historically proven that the Bitcoin price rises in times when "money machine goes brrrr....". Maybe the upcoming crisis will be more like stagflation rather than a classic recession/depression, so the central banks will keep pumping money in order to save the economy. In that case, Bitcoin could potentially serve as safe heaven. On the other hand, I don't think that Bitcoin could dethrone the classic safe heaven-gold. BTC is still more risky and volatile than gold. |
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I don't feel any urge to gamble, just because I read a bunch of forum posts about "gambling strategies".
The term "gambling strategy" is nonsense, because no gambling strategy had made any consistent profits in the history of gambling. The gamblers, who are discussing gambling strategies think that they could trick and outsmart the casino, which is totally delusional.
If you are feeling such desire to gamble, this might be the beginning of a gambling addiction and you should be careful.
I just gamble for fun and I don't care at all about gambling strategies or ways to make money via gambling. You can't make consistent money via gambling.
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Nice try promoting your own website by adding it to a forum discussion.  I don't think that such "gambling fork" will happen in 2024. The crypto gambling industry will stay pretty much the same in the upcoming years. Most casinos and sportsbooks will remain centralized and the vast majority of the gamblers wouldn't mind using a centralized platform. If your platform Nitrobetting really is so revolutionary(just because you claim that it's decentralized), then why it still isn't the most popular gambling platform in the world right now? Don't get me wrong. I also want more decentralized gambling. I'm sick of all those horror stories of gamblers getting scammed and not getting their money out of the casinos. Unfortunately, things simply won't change that fast in the gambling industry. |
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You know that PayPal has already launched its own stablecoin.
The company Circle and Tether uses a dollar stablecoin, which is used not only by American companies. If the McHenry bill is passed in the US, will it strengthen the dollar as the world's reserve currency?
USD backed stablecoins are nothing else than US dollars, that are hidden behind a shiny "crypto" package(which actually isn't crypto at all). I don't know how a USD backed stablecoin can be more useful than actual US dollars. The only thing that makes stablecoins useful is their role in cryptocurrency trading. A stablecoin is basically useless outside the crypto exchange platforms. Is there a way for these USD backed stablecoins to add more value and utility to the US dollar? I don't think so. The process of de-dollarization in certain countries and continents will continue and the stablecoins cannot be used to stop such process. |
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Ah, but what’s good for the sports bettor is good for the sportsbook. Sportsbooks won’t ever shut down wagers on AI driven bets one-hundred percent, but they may request a larger vig, more juice, to place bets on AI driven options. Do you really think so? I think that the sportsbooks are pretty much the same as casinos. The casino wins when the players lose. The sportsbooks aren't so different. AI cannot predict the outcomes of sports events. They might be helpful in gathering and analyzing data about past performance of the sports teams and athletes, but that doesn't reduce the luck factor in any sports event. By the way, how can a sportsbook platform reveal which bets are AI driven and which bets are not AI driven? I don't think that the sportsbooks have such tracking system in hand. |
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You also risk investing beyond what you can afford to lose which is not what any wise bitcoin investor would do. Bitcoin accumulation is not supposed to be a stressing and self-pressured process but some persons doing it in that way thinking they had arrived late to bitcoin and have to meet up, but that's all a fallacy. With bitcoin you're never late, you only arrived at your right time. Investing what can't afford to lose isn't investing. It's basically financial gambling and poor risk management. The only wrong way to accumulate Bitcoin is this. You gather some BTC, the price crashes, you panic and you sell. Then you start gathering BTC again, the BTC price crashes again, you panic and you sell again. And so on... If you don't get caught in panic selling, then all the ways to accumulate BTC are right. You are wrong about not arriving late to the Bitcoin market. I wish would have invested in Bitcoin back in 2012. I will always have the feeling that I arrived late at the Bitcoin party. |
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I don't understand what is happening right now in China.
Most of the info I get about the Chinese economy is just pure propaganda about how the economy is growing on a massive scale and China becomes wealthier day after day. I guess that the end of the lockdowns didn't bring a fast economic recovery. Maybe China is still suffering from the side effects of the pandemic and the lockdowns.
Yes, I know that both inflation and deflation are bad for the economy and finance. The only way to stop them is to stop the money printing machines(which is impossible). That's the only way for the the business cycle will get back to normal.
There's point bitching and complaining about how deflationary Bitcoin is and that nobody uses BTC to buy goods and services. Just choose an altcoin, which has less scarcity. Bitcoin is "digital gold", period.
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I came across an article How Old Do You Have to Be to Gamble in USA?. In this article, i saw that the minimum age to gamble is between 18 to 21 years. I wonder if the online casino do follow this minimum age for gambling.
Yes, the gambling sites have our age data through the KYC documents. Do they ever restrict anyone who is underage to not to gamble?
Also, if we find any site allowing minors to gamble, can legal action be taken against them? Which online casino in the world would openly state that it allows minors to gamble? The casino owner probably would have been a total retard if he allows such thing. All online casinos clearly state in their Terms of Service that the usage of the platform by users under 18 is prohibited. I know that many casinos won't follow their own rules and I know that many teenagers are actively breaking this rule, but such age restriction is a must. I also think that the age group between 18 and 21 should not be allowed to gamble, both online and offline. The minimum age for gambling must be above 25. |
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hey i am beginner with btc  Can someone explain how to send money from a debit card to a Bitcoin address without having to create a Bitcoin wallet? What is the easiest and quickest way to do this?  You want to buy Bitcoins and keep them or you want to send Bitcoins to another person? Create Coinbase account, get thru KYC(ID verification) and deposit money via debit/credit card. AFAIK this is the "easiest way" to get BTC, but I'm not a fan of centralized crypto companies. I guess that Coinbase is probably the most convenient way for a newbie to obtain Bitcoins. You could use exchanges like Bisq or Agoradesk to exchange fiat money to BTC, but you will have to create your own Bitcoin wallet. |
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Can't wait to see the usual Russian muppets trying to twist this as being bad! The Putin propaganda doesn't care about facts and statistics. They care about their own twisted perception of reality. The EU is doomed without Russian gas. The European industry is moving towards the USA, the EU is going to be deindustrialized. The high interest rates and high oil prices(after Saudi Arabia decreasing it's daily oil production) will cool down the European economy for sure. Germany is already in a small recession, but I don't see this as such a big drama. The EU will be just fine. I wonder why the euro is now worth 106 Russian rubles. Wasn't the EU heading towards a financial disaster, while Russia keeps growing and getting more prosperous day after day? Why the Russian ruble went down? |
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It's time for the PSG domination to end. We need another team to win the French Soccer League.
I think that Luis Enrique is a very overrated coach. He was successful with Barcelona 8 years ago because of the great team, which he inherited from Guardiola and good transfers like Suarez and Neymar. In PSG, he won't have any exceptional players in the team. Maybe the new players in PSG are good, but I can't see anyone of them becoming the new Mbappe or atleast the new Edinson Cavani.
Marco Asensio remained a substitute player in Real Madrid for years. I don't know how he will become a key player in PSG.
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So, a senior citizen in one of the western countries makes a complaint that he preferred the 1950s when everything made sense and life was simple. He loves the analog times more than the digital. Despite this, he trusts Bitcoin self-custody, and that is the reason why he holds bitcoin. He complains that his bitcoin just sits in his hard wallet, and he doesn't even know what to do with it. According to him, his fear is that if he sells it during the next bull run, he will be taxed, and he doesn't want that. A question arises: Would taxes still be applicable if a time comes when exchanging bitcoin for fiat is no longer necessary?
Taxes will be applicable at all times. Do you really think that your(or his) Bitcoin holdings won't be taxed if you(or he) never convert BTC to fiat? There are income taxes, capital gains taxes and VAT taxes. You can't escape taxes in one way or another. If that senior citizen doesn't know what to do with his BTC, then the best decision would be to just HODL them. I think that exchanging BTC to fiat will always be necessary, because Bitcoin will never become widely accepted as a legal tender. It's normal for old people to feel nostalgia about the good old times, when life was simple and they were young. I don't know how this relates to the question you are asking. |
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Harry Kane's transfer to Bayern Munich isn't 100% gone. Bayern definitely needs a strong central striker after Lewandowski left the team.
Sadio Mane was a disappointment, but Mane was never really a central striker. He was a wing and Bayern already had good wing attackers.
I think that PSG should loan Mbappe to one of the big English teams for one season(until his contract with PSG ends). I don't know which football club is going to pay a high transfer price for Mbappe for only one season? A loan deal is better than paying a transfer price for the player. Mbappe is about to join Real Madrid in the summer of 2024. I would be interesting seeing Kilian Mbappe playing in Liverpool for one season.
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1. If Bitcoin is smart contract active it won't be able to keep it's decentralized part alive because smart contract ability will give access to centralized projects building and running on Bitcoin.
2. Many new projects will tarnish the respect and image that Bitcoin has right now, because meme coins and stupid shit coins will run on Bitcoin and this will make people to lose money, once that happens Bitcoin as scam is just going to get worse.
3. There will be bridges chaos and more money will be lost, the problem will be much more than what it is right now because I believe it's easier to lose money through smart contracts e.g hacks that happens through bridges and other.
4. Bitcoin is perfect as it is right now, adding smart contract or trying to perfected Bitcoin, into all in one would have make it a less noticeable in crypto space, because it will be contending with Ethereum and others, it's best because it's not like other projects. 1.Almost every cryptocurrency exchange and cryptocurrency casino that uses Bitcoin is centralized. What do you mean about smart contracts making Bitcoin more centralized? The BTC blockchain is decentralized by design, but the third parties, who use Bitcoin as a payment method are mostly centralized. 2.Meme coins and shitcoins have little to do with smart contracts. 3.AFAIK, you can create smart contracts on the BTC blockchain and I don't see any chaos. 4.Ethereum had smart contracts for years. Did smart contracts make Ethereum bigger and better in comparison to Bitcoin? NOPE! In summary, you are overreacting and searching for a problem where there isn't such a problem. Bitcoin is just fine with or without smart contracts. |
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One of the reasons why I like bitcoin is that it's decentralized, and you can do a P2P transaction with another bitcoin holder without any exchange being involved. But for convenience, transparency and scams that are associated with P2P, you don't have much choice but to patronize the services of these exchanges.
You can not eliminate the middle man in businesses, especially in this digital age, be it fiat or cryptocurrencies, because they have come to stay. Big exchanges like Binance, are cashing in on being the middle man in businesses, an unavoidable indirect business associates, in your face, waiting for you to go through them. I definitely can't agree that you can't avoid middleman services in the digital age. You don't need a middleman in the world of crypto, if you have knowledge about crypto and you know what you are doing. Escrow services and multi-sig wallets are a thing in the crypto world. You don't necessarily need a centralized crypto exchange to serve as a middleman in your transactions. In fact, many crypto scams are done by centralized crypto exchange platforms. Of course, many crypto noobs are going to use a middleman, because this gives them a false sense of security(and greater convenience). The same thing applies to the fiat banking world. Many people think that using a bank will keep them safe from scams and a certain percentage of them usually get scammed by the bank. |
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Have you experienced this feeling and what are the steps that you've taken to fight this Sudden Wealth Syndrome (SWS)
Do you think people who have a chance to make a lot of money should be aware of this and do you know what you're going to do if you won a big amount of money? No. I have never experienced such syndrome and I never will(probably). I know that I'm not lucky and I will never win the jackpot. There's a saying "easy come, easy go" and I think that it applies to getting easy money out of nowhere. When you win lots of money in an easy way, you just don't value them that much and you try to spend them for useless BS. I don't understand how anyone would feel guilty about their luck and fortune. If they feel guilty why don't they just donate a decent amount of their winnings for charity and keep the rest of the money. This will take away the quilt for sure. |
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Bitcoin was far from perfect back in 2009. I highly doubt that Satoshi had viewed Bitcoin as something revolutionary and groundbreaking.
He probably viewed Bitcoin as an experiment, that might be successful or it might fail miserably. He didn't knew back in 2009 what will happen with Bitcoin 14 years later. I'm pretty much convinced at this point that Satoshi Nakamoto is dead. There's no point staying in the shadows forever and not touching the Bitcoins that you have in your own wallet. All the people asking "will Satoshi appear out of nowhere again?" are simply delusional.
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I have not used PayPal however with the feedbacks I have read on social media platforms, they do not seem to be in the good light of the public due to their terms of service, of fining customers $2500 for saying things that they do not agree with. They deducted this money from their bank account. Some old customers are saying if they did this to them and so why should they trust them with their newly launched stablecoin? Well, as much as this sounds good, I think that the US regulators may in the future come for them just as they did with UDSC and Binance USD because they don't want on-shore stable coin.
Paypal is notorious for having bad customer service(especially if you are an online business owner accepting Paypal payments). The people, who are using Paypal to buy stuff online are in a little bit better position, until Paypal doesn't find a BS reason to lock their accounts as well. I'm not a fan of Paypal and I'm no fan of stablecoins either, so I couldn't care less about such news. Good luck to Tether and the other "crypto" stablecoins against the financial hydra that is Paypal. |
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Would like to know your takes on betting as a group to raise chances in local
Lotteries
I know that mathematically the chances are still really low even if you multiply it 100x but in Brazil at least we’ve seen some local lottery prizes given for small groups of 20 or 30 people betting betting with 5000x tickets let’s say
If dreaming alone is cool dreaming in groups can be even better
What do you mean by betting in group? 100 people gather in a group, each one of them gives 100 USD and the group buys tickets worth 10K USD? If they win the jackpot, the prize gets split to 100 parts. This doesn't make any sense, if you ask me. One guy out of this 100 people group would have bought the winning ticket and instead of getting the whole jackpot, he will have to divide it with 99 people. There's no point of such group buying of lottery tickets. I have never seen people creating lottery groups in order to buy lottery tickets in my country. |
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