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881  Bitcoin / Bitcoin Discussion / Re: Will Saylor ever sell? on: July 28, 2023, 05:33:10 PM
Who cares? If he don't sell it is for his own good. It is nobody else's business. If he sells, well it is his loss. The longer he holds his coins the richer he will become. Sometimes though we all want to spend our wealth on the physical stuff like cars, houses, chicks etc... Saylor is a human being too so I wouldn't be surprised if he sells his coins to purchase something big like a private jet for example. Otherwise, I don't see him ever selling his coins. He is now a believer.
882  Economy / Economics / Re: Federal Reserve launches FedNow instant payment service on: July 28, 2023, 05:18:40 AM
As long as they don't remove physical FIAT completely, this is a good move going forward. We all know that it is not going last forever though. Sooner or later they will make their move to remove FIAT from circulation and then this new CBDC network will become a digital prison. You can only escape it using bitcoin. Some people think CBDC's will make bitcoin obsolete. Actually it is completely the opposite. Bitcoin will become even more popular when people find out the bullshit they are being fed with FEDCOIN.
883  Bitcoin / Wallet software / Re: Is It Normal For A Site To Ask For Your Wallet Address? on: July 27, 2023, 07:46:27 PM
I'm not sure which category this question belongs to.
Many people say you should have a non-custodial wallet.
I did research and decided on Atomic Wallet.
I want to transfer funds from my Bank of America account into Atomic Wallet.
However, there are 7 different USDCoins.
So I used the Help feature and ask which of the 7 should I use?
I got an email back:
Hi there,
Thank you for reaching out.
We are here to help! But I need a little cooperation from your side, as we are a decentralized wallet and we don’t have any access to your private information.
In order for me to understand what happened, please provide the following info:
– Your coin addresses
Looking forward to your reply.

Is it normal for them to ask for my coin address?
I've read about all the scams going on. About how good hackers are.
And why do they need my coin address?

As long as you don't send them your private keys/seed words, they can't steal your coins from your public address. I don't think there will be any problems.

However, if they ask anything more "private", you should come to your senses pretty quickly and stop the conversation.

I agree with the users above, if you want to use a non-custodial wallet, use electrum. It is fast, works great and it is safe as long as you download it from the right source. >>> electrum.org

Just delete atomic wallet the moment you solved your problems with them.
884  Economy / Scam Accusations / Re: walletgeneratordotnet scam Paper wallet generation scam on: July 27, 2023, 07:39:45 PM
Never ever use these 3rd party services that claim to generate "paper wallets". Paper wallet is nothing but a QR code printed on a piece of paper which has your private key. You can print or hand write your private key on a piece of paper yourself and it will instantly become a paper wallet. Or don't make it this complicated just write down your seed words. That's it.

To generate your seed words/priv keys, you should use a trusted wallet app like electrum/bitcoin core. I personally use electrum and never had a problem.
885  Economy / Gambling discussion / Re: 5 Bitcoins to never gamble again. Will you take it? on: July 27, 2023, 03:21:35 PM
I would take that deal without the slightest doubt. It is because I am a casual gambler already I have no problems with this. I can stop gambling for the rest of my life, no big deal. $150k is a very good amount and I can use this money to make other investments. Hopefully you don't consider making investments (like stocks or real estate) "gambling" because lots of people do. For $150k I could buy lots of apple stocks and it is the best company in the world. Or I could simply hold them coins because bitcoin itself is a great investment. There are many potential choices.
886  Economy / Economics / Re: Building a prosperous business on: July 27, 2023, 10:20:15 AM
I can tell you that owning your own business feels amazing. I know it because I own a business which prints money. It gets tiresome sometimes but at the end of the day nothing beats it when I pop a cold beer while counting my profits… Ok maybe having fun with girls in the middle of the ocean beats it but let’s just say this is the second best feeling a man can experience. Working for somebody else is a dead end. Always start your own if can.
887  Bitcoin / Bitcoin Discussion / Re: Just Another Good Source Of Motivation For You ... on: July 26, 2023, 07:23:53 PM
If you are still trying to find a good reason to buy some bitcoin, Well, over the night, I was watching some crypto related videos on YouTube, and while going through the comment section, I found this comment which really made a lot of sense to me, and I thought to share it here..

The dude, who ever he is said, "if he can spend a $100 to $200 dollars daily on food and drink, and wake up the next day to piss and shit it out without bothering whether there be profit or not, then not a bad idea to spend some of that money buying an asset that has the potentials of earning you some profit, no matter how small".
...

Enjoying food and drinks is a whole different concept than making an investment. You shouldn't limit your entertainment too much just to make investments imo. It is always OK to save money to buy bitcoin but living like a plant will harm you mentally in the long run. I would never advise this to any of my friends. If you are not going to enjoy a good meal and some drinks every once in a while, I can't call that "living". It is more like being a slave to me and I can't live like that. Nobody should because we are all people. Obviously that doesn't mean that we should spend all of our monthly income on booze. I don't mean that. There should be a balance.
888  Bitcoin / Bitcoin Discussion / Re: Bitcoin self-rating on: July 25, 2023, 07:03:41 PM
So the big question is,  how will you rate yourself since your involvement and interaction with Bitcoin and bitcoin talk as a community,  have you become more financially educated resulting in your consistency in building a financially free future by accumulating Bitcoin and spending less and investing more,  or have you become more Conservative in your approach taking Bitcoin as get a rich quick scheme that will always end you in frustration?

I probably learned everything I know about finance after I met bitcoin 10 years ago. It made me a better investor, a better businessman.

Thanks to btc I understood how the central banks are ripping us off by printing money out of thin air. I learned how the US is broke and China/Russia owns the world. I learned the importance of using hard money and that's bitcoin.

Still though, there is still a lot to learn. Bitcoin gave me a huge head-start but a scholar never stops to learn more.
889  Economy / Gambling discussion / Re: As a gambler do you have a potential winning amount limit? on: July 25, 2023, 06:57:33 PM
My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?

I always think about the amount I will potentially lose first. I don't think about my potential profits. Because thinking about profits stimulates my greed and greed is the mother of all fuck-ups. When I think about my losses, I can limit my max. bet amount and when I do that, I automatically limit my potential losses and my problem solves itself that way.

If you think about your "potential" profits too much, it will make you wager more and more. Then when you get an unlucky streak going, you will lose a lot of money. I don't need that.
890  Economy / Economics / Re: Europe have one big problem the euro currency on: July 24, 2023, 06:04:55 PM
Every FIAT currency is in trouble, not only Euro. It is because FIAT has no hard supply cap like bitcoin. Every FIAT currency in history died because of this reason. People tried to use gold backed currencies but we failed because we cheat. Bitcoin is honest. The supply is limited and there will never ever be more than 21 million bitcoins in existence. If people dump their FIAT for BTC maybe the central banks will take notice and stop printing useless papers but that's wishful thinking. We know they can't stop printing because it is their job to do so.
891  Economy / Gambling discussion / Re: Why do 90% of Bettors Lose in Sports Betting in the Long-term? on: July 23, 2023, 06:14:44 PM
It is because the games are designed that way. The casinos exist only for a reason: To make money. If you were making money in the long run, the casinos wouldn't exist because your loss is their gain. If you don't lose money, who is going to feed the casino business? That's right, it is nobody but you, the player. Btw that applies to luck based games too. Dice, rocket or whatever luck-based game you are playing today, they all have an house edge. The house edge ensures that the player will be the loser in the long run. If you don't like these conditions, then don't play.
892  Economy / Gambling discussion / Re: How was your first experience with gambling? on: July 23, 2023, 07:31:05 AM
Gambling is a game that has an addictive effect. Most people who have joined gambling sites will find it difficult to get out of the gambling circle. It doesn't matter how much you lose at gambling, as long as we still have money, we will continue to gamble

Can you share your first experience playing gambling? and who told you about gambling sites?

I myself know gambling sites from my own friends. I idly and try to deposit. Starting from playing with a little money, after a while I didn't know how much money I had spent playing gambling


I was in high school and most of my friends were betting on sports. At first I thought it was a stupid idea to gamble but then the greed took over. I wondered if I could get rich from gambling and I also started to bet on sports. I was doing my "research" on teams with my friends every day instead of studying math and shit. I won some then I lost some. Then I lost again. I was losing more than 50% of my bets and I saw that I wasn't making money when all things considered. Then I took a long break from gambling till the college. Then I started doing it again. I still don't overdo it but gambling casually which brings no harm.
893  Economy / Economics / Re: Do you think selling your property is better than taking loan? on: July 22, 2023, 04:33:18 AM
Depends on the property and depends on the interest rate of the loan. You should choose whichever is more beneficial to you. What is the annual expenses of the property? Do you pay any taxes? The most important question is, does it make sense to sell it? Is it making you money or losing you money? What is the interest rate of the loan? Is it below the inflation rate or above it? Depending on the answers of these questions you can easily find a solution to your problem. I personally don’t sell any property in this environment but I am full of debt because I took every loan I could when the rates were low.
894  Economy / Gambling discussion / Re: do anyone have done this? with gambling platforms on: July 22, 2023, 04:27:30 AM
In an event like this, The casino will immediately think that you cheated them. They will lock your account and ask for KYC and that’s a natural first reaction. You would the same if you were in their shoes. If it is non-KYC/instant-withdraw casino we are talking about, then it is a whole different story because these casinos know that you can’t really cheat them in any way. They trust their code so you can win and leave right away and nobody will stop you.
895  Economy / Gambling discussion / Re: Mistake that prevented your big win. on: July 22, 2023, 03:48:25 AM
This goes both ways. Mistakes that prevented our big wins are also prevented our big losses. In the past I experienced such events too but I was also grateful sometimes that I didn't wager more on some of my losing bets. I think what you describe wasn't a mistake because you didn't know the outcome of the game before it happened. You didn't want to take more risk for a reason: You could have lost that money. In hindsight, you are saying to yourself "I should have wagered more" but it wasn't all crystal clear before the game played.
896  Economy / Exchanges / Re: Binance adds support for the Lightning network on: July 21, 2023, 05:32:35 PM
So it's official, Binance officially added support for the lightning network a few hours ago[1]. Users can now deposit up to 0.05 BTC and withdraw for as little as 0.000002 BTC in fees.

We know that Coinbase has plans to do the same thing, so it would interesting to see if the other exchanges will start to follow the same steps.

[1] https://www.binance.com/en/support/announcement/binance-completes-integration-of-bitcoin-btc-on-lightning-network-opens-deposits-and-withdrawals-eefbfae2c0ae472d9e1e36f1a30bf340

That's a great step forward. Hopefully this will shut big blockers up. When LN gets adopted by every major player in the crypto industry, the first layer will become way more usable than what it is now. LN is for daily transactions and the base layer is a settlement layer for the big transactions. Thanks to LN, unlike the big block alts, bitcoin won't lose its decentralization aspect too. It looks like this is the only way to carry bitcoin forward. Finally these big institutions understood it.
897  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: July 21, 2023, 03:47:26 PM


So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Percentage-wise you are probably right. However, amount-wise rich are spending way more than the lower class probably. Rich people are rich for a reason, they usually don't play the games that are going to make them poor in the long run. (in other words they only play the games which they are going to win) That's called mathematics. The poor are usually dumb and they think they can game the system. Each of them think he/she is the one special snowflake. 99 times out of 100 that's not true as you know. Since the poor usually own anything (hence the name poor) they wager everything they get every month and that makes them even poorer.
898  Economy / Economics / Re: What are some financial secrets that you know of? on: July 21, 2023, 04:05:49 AM
If the interest rates are lower than the inflation rate, then borrowing money makes sense. It is because you can buy them real assets with the loaned money and make profits. That's completely legal and it is a way to game the system. Right now the banks in my country let me do this and I am getting rich because of it. Of course somebody else has to pay for it and they are those who couldn't get any loans from the banks. I doubled my wealth doing this last year and it worked. Thanks for the cheap money bitchezz
899  Alternate cryptocurrencies / Altcoin Discussion / Re: Would You Advise People To Stake? on: July 20, 2023, 07:05:19 PM
I'm a beginner so I put it in the Beginners & Help section.

Coinbase offers "Cosmos" with a yearly annual return of 17.66%.
I did some research on Cosmos and its future looks bright.
On my research, it says to only Stake on huge platforms, such as Coinbase.
I realize the drawback is you freeze your funds for a certain amount of time.
The other drawback is because of Crypto's ups and downs, you might lose money if it goes down. But that's true of any crypto, including BTC.

As far as I can tell, the annual return stays at 17.66% for the duration.
Is there any drawback I'm missing?
Why don't people just buy Cryptos that they can stake?

No staking is mostly a scam. I always advise against staking alts except for ETH because ETH is probably one of the best alts out there so staking it would be good for you financially.

The other alts are however simply scams so you are only wasting your time and money when you are staking them.

Why do that? Just buy bitcoin and hold. It worked before, it will work tomorrow.
900  Other / Politics & Society / Re: How do you handle borrowers? on: July 20, 2023, 07:01:20 PM
How do you deal with the situation where people who you are close to like family and friends are constantly demanding for one kind of financial assistance or the other. It is not possible to help everyone, so how do you handle it and make sure that giving and trying to help people do not turn into a problem for you. How about people who borrow money from you and never return it or even show any effort to make payment back to you, how did you go about the situation?

I handle borrowers the same way I handle browsers. I don't give an inch. I don't compromise. There is a good saying in my country: "If you give your hand today, you will give your ass tomorrow."

So when a neighbor or relative asks a loan from me, I tell them go fu... no, I tell them to go to a bank. Banks exist for this reason. To provide loans...

If he/she can't borrow money from a bank, well shit, then it means he/she shouldn't be having it.
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