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761  Economy / Gambling discussion / Re: Why is Gamble gaining more fans than Bitcoin? on: July 31, 2023, 06:50:29 AM
In the world to day gambling is leading instead of BitcoinBTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or  is the risk involved in Bitcoin higher than gambling risk?
Just chesk this source

You are comparing apples with bananas here. Gambling existed decades before Bitcoin and Bitcoin in itself has nothing to do with gambling(other than being used in crypto casinos). Bitcoin wasn't created by Satoshi Nakamoto with the whole purpose of being a "casino currency". Cryptocurrency trading/investing might have some similarities with gambling, but I would never compare it to gambling.
The combined gambling industry (by combined I mean crypto+fiat) is always going to be bigger than the cryptocurrency trading industry.
I don't know why do you have to compare those two. Such comparison doesn't mean anything.
762  Bitcoin / Bitcoin Discussion / Re: Way to explain what is the bitcoin on: July 31, 2023, 06:04:07 AM
Btc is cup money is liquid the water and Banks are from the word like a River bank.
So money currency is water and btc IS the cup all assets gold btc and other crypto are the cups where the money the water flowing in.

Those who got cups to collect the water when it's raining those got most of the water so to speak they got most of the money.
If u sell btc early it means you empty your cup ...btc is big cup small coins smaller cups they full faster then biggest cup the bitcoin.

Those who got cups when its raining they collect the most of the money more water more cups needed to collect water.

1.Try to improve your English.
2.Your comparison is wrong. Comparing BTC to a cup means that your earning or investment potential is limited(or that the amount of BTC, which you can store in a BTC wallet is limited).
I would compare Bitcoin mining hardware to cups full or water, because their earning potential is limited to their capacity(and several other factors like electricity prices, hashrate, current BTC price, other costs, etc.).
Fiat money is a like an ocean of low quality salty water, while Bitcoin is like a stream of fresh high quality mineral water, which you can drink.
This is a way better explanation of what Bitcoin is in my opinion. Grin
 
763  Economy / Speculation / Re: The time has finally come...??? on: July 30, 2023, 10:10:24 AM
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Now with the recent events that have taken place, we all can see the bull rising off the dusts

What recent events? Can you elaborate more on this? I don't see any big bullish news about Bitcoin right now.

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The time has finally come...Huh

The time for what has some? Isn't this the most clickbait forum thread title I've ever seen. Time to buy or time to sell? Grin
The BTC price had dropped from 30K to 29K USD(which is close to nothing). Why are you acting as if some major Bitcoin price pump is happening right now? The bull run is going to happen in late 2024 or early 2025. The end of 2023 is going to be stagnant for Bitcoin/crypto.
If you want high quality and thought provoking comments, you must create a high quality thought provoking forum thread first.
764  Bitcoin / Bitcoin Discussion / Re: Bitcoin Mining is friendly to the Environment says MIT on: July 30, 2023, 06:32:26 AM
1.Such studies won't stop the environmentalist fanatics to keep insisting that Bitcoin/crypto mining is polluting the environment.
The environmentalists no longer believe in logic and science. They believe only in their own "religious dogma".
2.I'm becoming more and more skeptical about all this "human impact over the atmosphere" thing. It seems to me that we can't control the process of global warming and the global warming will continue, even if we stop all carbon emissions. The point of no return has been reached.
765  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: July 30, 2023, 06:01:59 AM
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I was shocked when the young man refused with the excuse that he doesn't share his predictions that sharing it will make him lose his bet.

Yes, many gamblers are superstitious. And yes, believing that someone making the same bet as you will make you lose is just dumb. Grin
Sharing your bets has no impact over the outcomes of the sports game. Unfortunately, some people are mentally challenged.
I have read some study showing that most gamblers have medium or low IQ. Maybe having low IQ has something to do with believing in superstitions.
I have always thought that sports bettors are less superstitious than the traditional casino gamblers and the lottery players.
So far I have never seen a legit research or survey/poll about this topic(gambling superstitions). Most gamblers would try to hide their superstitions anyway.
766  Other / Off-topic / Re: elon musk changed twitter Logo and he want to buy a twitter account for $69.42M on: July 28, 2023, 10:13:52 AM
Do you really think that this is serious?
This is a joke. "Nigerian prince phone number"? "69 hours". 69.42 million.... Grin
1.Buying and selling accounts is against Twitter's Terms of Service.
2.Elon Musk is the owner of twitter, he could simply ban/suspend/delete this X account and take possession over this username/Twitter handle.
Not the nicest thing to do, but who cares. Grin

I kinda get Elon's plan to build a "super app", that will have many functionalities, but buying Twitter and totally changing it's brand, logo and business model still seems like a mistake.
767  Economy / Gambling discussion / Re: Top 5 Things to Consider When Choosing an Online Casino on: July 28, 2023, 05:29:59 AM
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When we say security, we mean your information and your money. Non-crypto casinos require all your information, sometimes even the last four of your social security number, before you can open an account and start betting.

Crypto and bitcoin casinos require an email. That’s it. Also, every deposit and withdrawl is via a specific code. So the chances of your transactions being hijacked is close to zero.

I guess that you have never heard about crypto casinos requiring KYC verification, in order to approve a withdrawal. Grin

I'm glad that my crypto casino won't break the laws of Costa Rica, even though I live in Europe and the legislation here is different. Grin

Even "secure" online casinos can find ways to scam their customers and refuse withdrawals.

Why do I feel that a total newbie in the the crypto gambling world has created this forum thread. OP, you forum post seems really generic and ignorant. Perhaps you should learn more about crypto gambling, before writing such threads.

768  Other / Politics & Society / Re: Bankman-Fried WON'T face federal charges over $90M donations to Dems on: July 28, 2023, 04:50:17 AM
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The reason for this is said to be the treaty obligations to the Bahamas. Under the terms of the extradition, any additional charges (made after his initial arrest) would have to be approved by the Bahamas.
Daily Mail also reports that he had five other charges dropped in June (I don't know any details of that though). If this trend continues, he'll be free in no time.

Those are some weird treaty obligations. Grin I guess that Sam Bankman-Fried has connections with the establishment in the Bahamas, so they will cover his back and refuse to approve any additional charges. Grin
I guess that there might be some sort of settlement between SBF and the prosecution, so that SBF will have to pay a big amount back to the FTX investors in exchange of not going to jail.
Donating money to a political party isn't such a big crime(even though it violates the law). Stealing money from your investors is the biggest crime here and I don't believe that SBF will get away without any consequences.
769  Economy / Speculation / Re: The price of a Bitcoin could cost millions of dollars: Standard Chartered on: July 27, 2023, 10:08:06 AM
Did anyone from this Standard Chartered bank said HOW Bitcoin will rise to 100-120K USD, instead of WHEN?
To me, the most important question is HOW, not WHEN. Maybe the analysts at Standard Chartered have some secret insider information about big institutional investors entering the Bitcoin market by the end of 2024. Or maybe they have insider information about some middle sized underdeveloped country in Asia, Africa or Latin America declaring Bitcoin a legal tender. Grin
I have the feeling that this "analysis" is more like a marketing move. Some Bitcoiners might see that Standard Chartered is totally bullish on Bitcoin(which means that Standard Chartered might be pro-Bitcoin) so they might start using this bank, because they think it supports crypto.
That's a sneaky marketing move(if it's actually true).
770  Economy / Gambling discussion / Re: Irresponsible behavior at the Las Vegas Casino on: July 27, 2023, 06:50:35 AM
A man run naked in a Las Vegas casino (Linq Casino) and jumped on the poker table and started to dance. He was arrested instantly by the security, however his family says that he was drunk and therefore he did such type of act.

More details can be read here Naked Gyrating Guy Arrested at Harrah’s Las Vegas Was Drugged, Family Claims

The point here is why gamblers do such shameless acts and what the rules of the casino suggest the penality for these acts. Do you think the gambler did it purposefully perhaps to become popular in the headlines  Huh

This news has almost nothing to do with gambling. This guy would've entered a church or a school naked and I wouldn't see any difference. Grin
Do I think that he did it purposefully? He was drunk(or maybe on drugs). Do drunk people suddenly decide to do stupid shit purposefully? Of course not. Doing some stupid crazy shit only for the sake of becoming popular and getting into the newspapers for one day is the dumbest idea I've ever heard. This casino would most likely never allow him to enter the door again.
771  Bitcoin / Bitcoin Discussion / Re: RFK Jr Says He Purchased Bitcoin For His Kids on: July 27, 2023, 06:18:24 AM
It's not free advertisement because the man is courting the people for support. As well as donations, of course. By clearly speaking out his stand in favor of Bitcoin, he's certainly hoping that the community that is also in support of Bitcoin will rally behind him. This is elections season.

Anyway, quite similar to mk4's question, why "as a collectible" when Kennedy Jr. has probably not even once called Bitcoin as a collectible? He called Bitcoin the "perfect base currency," an "exercise in democracy," and others but not as something to be merely collected.

How many Bitcoiners are US citizens? Several million? Not a big enough number to win the elections, if you ask me.
I remember that in the 2020 US presidential elections, another candidate from the Democratic party was pro-Bitcoin, but he got a ridiculously low amount of support. I even forgot his name. Stating that you are pro-Bitcoin doesn't mean anything. What if a republican candidate also declares, that he supports Bitcoin? I think that Ron DeSantis also made some public statements in favor of Bitcoin/crypto.
Most crypto supporters are right wing libertarians, so I doubt that they will support a left wing liberal/socialist candidate.
772  Economy / Economics / Re: The gloomy light called subsidy. on: July 26, 2023, 11:33:33 AM
The subsidies don't come from the sky. The government must take money from someone in order to give subsidies to certain businesses and groups of citizens. It's all about redistribution of wealth. I'm against subsidies, because many businesses become dependent of them and they lose their competitive advantage the moment the subsidies are taken away from them. I'm also against subsidized prices of goods and services(even food, gas and oil), because this deviates the free market and lowers poor people's motivation to develop some skills and find a better paying job. Having high levels of resource redistribution is mostly bad for the effectiveness of almost every economy around the world.
773  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: July 26, 2023, 06:42:32 AM
Yesterday, I saw news on the TV, that the Saudi Arabian sports ministry will give Saudi football clubs approximately 19 billion dollars in the form of subsidies, so that the football clubs could buy world class players from Europe. Is this true?
It seems that the Saudi professional league will completely destroy football, by flooding it with money. "Football inflation" was a thing in the past 10 years, and now it's getting ridiculous. I'm sure that we will be witnessing the first football player, who costs 1 billion dollars in the next one or two years(this might not be Mbappe). This is totally absurd. Can't FIFA just step in and do something about this?
774  Bitcoin / Bitcoin Discussion / Re: To Understand the Potential of BTC, What we Must Know? on: July 26, 2023, 05:47:15 AM
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2.We can remain anonymous while hiding our real identity which is not possible in banks. So that's how we will save ourselves from debit/credit card offers from the banks. We would save ourselves from all the offers or i would say phishing offers by banks to borrow money or lend money to earn more interest etc. which will sink our money. other than this, we will save many other offers coming directly or indirectly from the banking sector, how do they know about our current financial situation? Because they have our whole information and they know about us but here on the BTC blockchain that's not an option.

3.BTC blockchain is decentralized and i know even the newbies know this, that Decentralization is the only thing for which BTC has been made (if I am not wrong about the financial crisis of 2008 in which the centralization of banks becomes a reason of all banks collapsed I know the other reasons too but i am just writing the whole story in one statement).

4.BTC Blockchain provides us the level of security that banks don't because there is no single vault or wallet where all the money is placed. There is no single entity owning the whole BTC blockchain that could run away with all the money (Rug Pull). BTC blockchain is tamper-proof while the banking sector still has many back doors even in the age of modernization.

2.This is partially true, because centralized crypto exchanges(that require KYC verification) are still a thing.

3.This is true.

4.Bitcoin/crypto security(in a cold wallet) is a bit different than holding money in a bank account, mostly because the user is 100% responsible for keeping the coins in his own cold wallet safe. That way, you can't blame anyone else for you own mistakes.
Bitcoin/crypto security when it comes to using centralized crypto services(and their hot wallets) is basically the same as leaving your money in the bank and hoping that the bank won't steal your precious savings. Grin

CBDCs are an idea of the central banks, not the commercial banks. The central banks want more control and more control means less decentralization. CBDCs cannot be truly decentralized.
775  Economy / Economics / Re: Food security in the world has been shaken by Russia's actions on: July 25, 2023, 10:02:52 AM
A lot of unnecessary panic has been spread by this "Russia stopping the grain deal" news.
The annual global grain production is somewhere around 878 million tons. Ukraine's grain export is 30 million tons and dropping fast.
I don't think that the lack of a new "grain deal" would cause such a big food crisis around the world. Russia will export more grain to the African and Asian countries, while Ukraine will also try to export more grain via railroads down to the harbours in Romania, Bulgaria and Greece.
The Odesa harbour was severely damaged by Russian missile strikes and any ships trying to enter the Ukraine territorial waters might be considered a military target by Russia. Unfortunately, this horrible war won't stop anytime soon.  
776  Economy / Gambling / Re: WebSport.io - Dex Sports Betting on: July 25, 2023, 06:27:28 AM
1.Why don't you finish your website and make it fully functional before posting an announcement thread?
2.Why don't you make a proper announcement thread? Your thread doesn't even have a live link to your website. This looks suspicious and I don't want to visit your website by typing the domain name in the browser bar.
I have never seen a successful fully decentralized sports betting platform. Many forum members(including me) have doubts that your sportsbook will be truly decentralized. I have never used the Binance smart chain before and I know nothing about it. Isn't the Binance smart chain actually centralized? Doesn't Binance have full control over the Binance smart chain?
Anyway, good luck with this project, OP.
777  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: July 25, 2023, 05:56:14 AM

Saudi Arabian club Al Hilal has made an incredible offer. We still don't know if this is true. PSG management would probably have sold Mbappe for 100 million. But Al Hilal club wants to pay PSG 300 million for Mbappe. Also, they will pay Mbappe very high wages. But I wouldn't be surprised if this is just a rumour. We do not know if Al Hilal Club authorities have made any official offer. Generally, Saudi Arabian clubs are now seeking promotion. That's why they spent a lot of money on Ronaldo and Benzema. There is a high possibility that the news is just a rumour.

I don't really get this marketing strategy. What's the point for Saudi Arabian clubs to spend absurd amounts of money, only for the sake of getting popular? I club in Saudi Arabia would never become as popular as Bayern, Juventus, Barcelona or Real Madrid. It doesn't matter if the Saudi Arabian club owner spends 300 million or 1 billion. Spending millions just to get popular sounds like nonsense to me.
AFAIK, Mbappe doesn't want to play outside the big European countries at this point. Going to Saudi Arabia might damage his career and negatively influence his performance. His salary isn't the most important factor here.
The best option for PSG would be to lower Mbappe's transfer price and sell him somewhere. The problem is that Mbappe might not agree leaving PSG for a lower salary.
778  Economy / Economics / Re: The whales stirred. What should we expect? on: July 24, 2023, 12:09:59 PM
The whales stirred. What should we expect?

Judging by the information coming in, a lot of ancient "crypto whale" wallets that have not created any movement with Bitcoin, for many years, have recently "come to life". Recently, assets have started to be transferred from these wallets to the exchanges. The withdrawal to the exchanges, kind of hints that these amounts are being withdrawn to sell Bitcoin. Question to the esteemed public ! What is this ?
- the end of the short era of cryptocurrencies ? Owners are actively moving into fiat
- the end of the Bitcoin era ? Are they selling it to change cryptoasset for storage ? And what is this crypto asset?
- regulators have "gotten their way", cryptocurrency is losing support and interest ?
- your version ?

The only thing I could think of while reading your forum post is the fact that you are spreading FUD. Grin
Proclaiming "the end of Bitcoin era" just because some whale had moved his coins sounds like unnecessary drama and panic to me.
The Bitcoin price had dropped down to 29K after being above 30K for more than one week. Going down by 1K USD isn't such a big deal for Bitcoin. It's obvious that there isn't enough support for a price pump to 35K-40K and that's why many Bitcoiners will sell at 30K(which isn't something bad). The summer months had always been a sluggish period for the Bitcoin market.
The crypto whales can do whatever they want with their coins. They can move them or sell them, we can't stop them from doing so.
779  Economy / Gambling discussion / Re: Have you been threaten to stop gambling on: July 24, 2023, 07:03:26 AM
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My friend invited me for a round of drinks just last night to confess something, and that is his wife threatened to leave their house and file for legal separation because the wife just discovered that he's spending a lot of time gambling, she thought that he's just playing games but she discovered his logged because the idiot has his password in the browser, so the wife check his withdrawal and voila his losing a lot of money and she also discovered that he won big money in the past but didn't tell her.

I guess that blew her patience for not telling his winning, so he threaten that he should stop gambling or they part ways, my friend choose his wife so he cannot play until he can convince his wife and promise her to tell her if he won big. Cheesy

To be honest, I totally understand this guy's wife. If my girlfriend(I don't have a gf right now) was secretly gambling and losing lots of money, I might also threaten her to stop gambling. Keeping such secrets while being in a relationship is kinda toxic. On the other hand, I might also keep my gambling habits a secret, if I was in such situation. Many people might freak out, if they find out that their significant other is a gambler.
Nobody would ever threaten me to stop gambling, because:
1.I don't tell anybody in my social circle that I gamble.
2.I would never spend big amounts and make my gambling loses into a serious problem.

780  Economy / Economics / Re: Europe have one big problem the euro currency on: July 23, 2023, 10:11:24 AM
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The euro currency is in trouble.
Why becouse world dont need euro to buy commodities or goods much.
World needs good germany good cars but can Do without them.
The euro currency value is high becouse of temporary rate hikes it creates only huge short term inside demand for euro inside europe but not in the world.
So USD we need world needs becouse oil and it's reserve currency still.
Gbp pound Also on high demand by other countries on forex markets.
China currency Also on high demand.
Russia currency Also needed highly becouse of natural resources in russia what other countries need.

But when it come Europe there is nothing so euro value might fall very soon becouse world don't need euro and nobody dont want junk eu debt bonds really when times getting harder people want food and commodities and natural resources but europe don't provide nothing to the world so no demand for euro currency either.

USA and China also have big debts. It's not just the EU. Britain also has big debts. Will the British pound collapse soon, because the UK has big debts? Probably not.
The people inside the Eurozone need the euro(because it's a legal tender). Why would a random person in China, India or Latin America need euro?
Do you really know how the value/price of a currency is determined? I don't give a damn, if nobody in the rest of the world needs euro. The only important thing is that the Europeans need euro. I don't know about any European, who needs Chinese yuan or Russian rubbles. Does that mean that the Chinese yuan and the Russian rubble are in trouble? Nope.

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