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881  Economy / Speculation / Re: What will you do when Bitcoin reach$20k? on: August 16, 2020, 08:40:49 AM
After the two previous halvings, we’ve seen the price reach an all-time high, if such happens again to be honest, taking profit will be the first thing that comes to my mind and I will definitely do so, from my experience in last bull run when bitcoin hits $20k, lots of altcoin were down before moving up, if such happens again, I will look for solid, projects and buy their dips.  Smiley

I guess this is a normal strat.

To be honest, even before hitting $10K I've been thinking this for a while now, and seeing your post about this, I realized that not all of the people are just not considering Bitcoin to reinvest(it will still be my main one) but also other cryptocurrencies as well. I have some altcoins in mind and one of them is Ethereum which is said that might pump because something is coming.
882  Economy / Economics / Re: Government+cryptocurrencies on: August 16, 2020, 06:31:38 AM
I believe that cryptocurrencies should be used as money more often, not only for speculations. To successfully and sustainably launch cryptocurrency projects within society and the state, it is necessary to have a strong economy that is ready for a new principle of monetary circulation. If country have problems with the economy then people will use cryptocurrency to accumulate and make a profit and not just for the sake of paying as usual money. Think about it.

I also wanted to use bitcoin as a currency and not as an asset but that can't be removed from it because we all grew and knew bitcoin like that. Bitcoin is commonly known as a speculative asset rather than an alternative way to pay. Most of us bought this crypto currency in hope that we will be getting a profit from it and not the convenience from using it.

But most of us, I know wanted to use Bitcoin as an alternative currency.

Despite the urge to earn from cryptocurrencies, I think people are also wanting to use these to be able to send payments or create transactions almost instantaneously and vey convinient for all of us. Though the adoption is still at its early stage, I know it will happen in the future. This community would grow and the government won't do anything because at that time, it will be unstoppable. They may create their own but I think Bitcoin will still be the most expensive and most popular.
883  Economy / Economics / Re: returning to normal on: August 16, 2020, 05:38:55 AM
In few countries people have returned to the normal living with very limited restrictions. Those countries have achieved this,just because they handled it very carefully during the early days of the corona virus attack. One of the country is Vietnam. At the very early stage itself they understood the true effect of the pandemic and made all immediate restrictions and testing. When countries waited for testing kit, they developed their own testing kit and supplied for low price. Importantly people co-operated perfectly to each and every decision from the government.
I am envious right now. How I wish our country had that same kind of response when the situation was still controllable. Now, I just feel that things are somehow getting out of hand. Our government is like more focused on other things irrelevant to the pandemic; some people do not cooperate and follow the protocols. I think the only thing that'll help us overcome this is the vaccine. Only then we can go back to the normal we've all been wanting.

Though it will not go back there easily.

It is said that the country or Russia already found the vaccine to this virus and all we can do now is to wait for our countries to get the vaccines and I hope it is effective without side effects. Anyway, with that vaccine I don't think we will be able to return that quickly to these "normal" days we have in the past. This pandemic will be forever ingrained in our minds hence creating traumas, anxieties and doubts in the future.
884  Economy / Gambling discussion / Re: Do you think the house can counter your strategy? on: August 16, 2020, 04:59:20 AM
There is no point for them to counter your strategy.

We all know that there is no strategy that can actually defeat the casinos, its been a long time and I don't think there is a strategy that can actually beat the system of these casinos. These strategies are our ways of increasing the percentage of us not losing the game, for example martingale though this strat increases the risk despite that.
885  Economy / Gambling discussion / Re: What makes a good bettor? on: August 16, 2020, 04:12:53 AM
And importantly we don't have to make it as our profession because it is going to be hard for someone to survive with the earnings made from bets throughout their life, it is just the form of entertainment so a good better have to accept the win or lose and have to move on.

Indeed. We can only use it to have fun without any tension to make money from betting, especially if we don't have the right skill to choose the right team. I see some of my friends follow the others to place the bets because invitations from other friends, but that friend doesn't have any information on which teams have a big chance to win. He only follows what it says without research. If they win, he makes wins too. At this point, he can have fun without having any skills in betting sports.

That is the thing about good bettors.

They don't look at gambling as a main source of income, they know their limitations and I think those good bettors aslo know their thing since if they do I don't think they will be having that good winning streaks or high percentage of wins over losses. Your friend might be having good profits and also having fun but in terms of being a good bettor, he's halfway there.
886  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: August 16, 2020, 03:01:38 AM
If I am not mistaken, the number of infected children already increased with the re-opening the schools in their area. It is very dangerous for the other children at the school because their immune is susceptible, and they can get infect anytime while they are in the schools. I think schools need to be closed for more, and the children can learn at home.

I do agree that children should not really to school right now.

I think schools should find a way to teach children but I think it is really risky for them to go to schools since they are also vulnerable to the virus. Online is also applicable but I don't think all of us will be able to adapt using it. School are not the same with casinos that is open and it will not always be full of people while school where children are regularly going in is very dangerous.
887  Economy / Gambling discussion / Re: Las Vegas Casinos Scared of Lawsuits on: August 16, 2020, 02:15:43 AM
I am thinking how will they do that.

Trace every place that individuals went through the day or the other? With a lot of things happening right now, isn't that a waste of time? Either way, he/she wouldn't be getting the virus if she is in his/her house and not going to these places where the virus would obviously there lying dormant. They wanted to play in these casinos, obviously, they are risking themselves in getting the virus. This is also their fault.

The only ones that could somehow demonstrate that they got infected in the casino will be the persons that stay in some sort of lockdown but that only go out to play at the casino, however I really think that the subset of people that will do something like that is incredibly low, after all if you're willing to go to the casino to get some fun most likely you're willing to also visit a bar, your family, buy groceries, exercise in a public park and an endless list of activities that you can do outside and as such it will be impossible to demonstrate that you got infected at the casino.

That is so true.

People could get it from a lot of places that leads us to a conclusion that I think this is not them suing the casinos because they really wanted to but I guess in this pandemic when people get contaminated by the virus, they will be blaming someone and that leads to suing casinos and even people. Usually this is all blame game that's happening.

https://www.psychologytoday.com/us/blog/memory-medic/202004/the-covid-19-blame-game
888  Bitcoin / Bitcoin Discussion / Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams on: August 15, 2020, 09:54:07 AM
I agree that this is not really suitable for a decentralized cryptocurrency.

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community. It all started with the KYC which we give our personal information, now there is facial recognition and maybe fingerprints which really beats us from going centralized and I don't think we need to do that. We, humans, are the vulnerable part in all of this, we just need to be careful and knowledgeable about things.
889  Bitcoin / Bitcoin Discussion / Re: How to make old people understand Bitcoin? on: August 15, 2020, 08:11:33 AM
It's a bad idea teaching old people to use bitcoin. Mostly old people in my country don't know how to use cellphone or computer. But if they knew, what will be in their mind if you introduce bitcoin to them? In news, bitcoin always mention because in our country many investment scam use bitcoin as their mode of payment. Old people always watch news, and if I'll introduce it to them they'll avoid it and think that it is a scam.

I think it is not a bad idea.

It is just that most of these old people are a fan of the government, telling them that something like a Bitcoin that is centralized and not controlled by the government could raise suspicions to them telling you their theories and even ludicrous claims against Bitcoin and cryptocurrencies. I kind of experienced it so I immediately stopped. Some might find them interesting but most of them would just don't care and may find it suspicious.
890  Economy / Trading Discussion / Re: What is good amount to start day trading is 100$ enough?? on: August 15, 2020, 04:42:03 AM
losing an account or trading capital can happen at any time depending on how we are performing. Many out there lose up to $ 1000 and it can come back as long as they are consistent in trading and are sure that the assets will come back

Despite your performance, losing is inevitable.

No one can perfectly predict what will happen or what will be the movement of the prices and that is why in this market, losing is normal, this still takes a risk. That is why we have ways to minimize those risks in order to increase the possibility or our chance to get a good profit in time. Even with a small start, as long as you know what you are doing, is is doable.
891  Economy / Trading Discussion / Re: A good advice for every traders. on: August 15, 2020, 04:06:59 AM
Never hearinga ny advice from the other because they can make mistake what have you said above when bitcoin have good price $20,000 many expert give opinion bitcoin will to the moon and reach above $30,000. But in fact bitcoin going down and many people lost much money and have cry.

As long as you can stand you're ground, that is fine.

That is obvious that you don't need any advice if you can do things yourself but this is a speculative market, no one knows everything with certainity that a certain coin will be having a good movement that is why we usually based on what is happening that can affect it and the indicators on the price chart. No one knows what will happen and losing because of that is inevitable.
892  Economy / Economics / Re: Economy restart big Boom and prosperity Coming on: August 15, 2020, 02:48:22 AM
We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.

The government wants the big companies to sustain even if there is a crisis as it will help them economically and so is the reason you hear these big corporate getting huge rebates in tax and the government will fund them the loan they require as they know that it will help the economy rolling. The government cannot print out money for the poor as it will destabilize things but they are open to start a business and if you want to change your future you need to come up with a solution rather than waiting for someone else's mercy.

That is so true.

The government can't just print out money that would destroy them, the reason they are making new bills to tax everything for them to get back from the downs they received in their economies. Other countries are opening their main source of income that would make their economy stand again. People should also find a way to earn, and I can say that they can since a lot of people here in our country are starting to sell stuffs online to get some profits they can use.
893  Economy / Economics / Re: Some chinese guy bought most expensive face mask in the world $1.5 million. on: August 15, 2020, 01:15:03 AM
I agree on that but there are also those that aren't.

Some of them might be those guys that wanted to help and they are thinking maybe that instead of spending those big amount in a single mask, he could just buy a bunch of cheaper face masks and maybe the rest of it he/she can use to help other people that are struggling during this pandemic. We can't actually tell them that and as you said, it is their money, it is their's to decide.
Then we can just let those kind of people to think what they want,
The guy in the video is just one of the many type of people who are rich enough to spend their money in their own ways. We don't have any rights to judge him for where he spend his money. We don't know his whole story, who knows, maybe he had some charity helping a lot of people, and buying this expensive mask is just one of his ways to appreciate himself.

As you said, we don't know this Chinese guy.

But based on the video we can conclude that he just wanted to buy a mask and rub it in on those people that are jealous of him because he's rich. The guy on the video said that the Chinese guy wanted to use or wear it and walk around to get the attention. There are kinds of people like that and maybe as you said, it might just a way for him to appreciate himself.
894  Economy / Gambling discussion / Re: What makes a good bettor? on: August 14, 2020, 08:44:36 AM
I've been thinking about betting and what allows a person to be good at it. There's reason to believe that betting on, say, sports, is skill-based, as at least there are some people famous for being good at it. But if a person is betting on horse races, does the person need to know a lot about horses and horse races or can one be a successful bettor based on other things (for instance, choosing a certain strategy based on the odds or simply reading what others say about an upcoming race)? Is it about knowing how to bet or what you're betting on, what do you think? And do you think betting something a person can become good at or is it that there's a low probability of there being people who bet successfully on a regular basis and these people just exist?
You will eventually become good at something if you have been dong this for a long time and you spend a lot of time analyzing and setting up a system to make analysis much easier, they do exist if you look around you will eventually meet people who are successfully betting with a higher ratio of winning against losing.

Their ratio doesn't matter.

What matters here is how you would be able to do such things, better things than them. I am not saying that you should be competitive with these people, what I am saying is that if you gather enough knowledge, enough experience in this platform, in these bettings, you should be able to start something that they might not know and you will be popular in your own way. It is hard but gathering information and analysis based on others could led you to something good. Despite all of that, you should not always depend on what they can give, it is always based on what you can do.
895  Economy / Gambling discussion / Re: Las Vegas Casinos Scared of Lawsuits on: August 14, 2020, 07:40:56 AM
Sadly, the government is always going ot be responsible. This is why it shouldn't be permitted to open while there is yet pandemic.

There was a news that the casinos in las vegas aren't earning though. People might not really be going to casinos because of the pandemic, we all are aware the posibility of getting covid virus in the crowded place and casinos are assumed to be where people go.

I don't think that is always right, it is just that we can't accept that we also have the mistakes. Like, for example there are a lot of people that are forcing themselves to gamble in these casinos instead of doing it online which makes themselves close to the virus and being contaminated and then they will be blaming these casinos for that. They aren't earning enough but still, they are earning and that means a lot of people are still going in there.

As long as they can pay their employees and can pay taxes to the government, I think that's already enough.
The risk is almost anywhere especially in places where people gathers but that's it, we have to live with the virus on our daily living, because if we stop, we might die in hunger,  that's what the government thinking on why they allow casinos to operate despite of the pandemic, we should not question that.

I think that is the risk they've taken.

If they chose to contaminate the virus, I think they would be focussing on having strict lockdowns but they should balance the two that is why they are maintaining the economy in a certain point but that is still affected by the pandemic going on. This is the best option they have, it is a risk but it is a risk they need to take. These lawsuits would be useless since these casinos can defend themselves with a lot of ways for them to get the virus.
896  Economy / Gambling discussion / Re: Las Vegas Casinos are open - end of the Pandemic era. on: August 14, 2020, 06:40:27 AM
We cannot force those mindset of other people the best thing to do is be careful follow the protocol and wear a face mask when visiting a casino.

Though it is really annoying.

Not just because they are not following the protocols for them to be safe but also because they are risking these casinos since some people are actually suing casinos saying they are not following the protocols and not taking care of their costumers. That just means that also the workers of the said casinos will be affected by those.

https://bitcointalk.org/index.php?topic=5266943.0

I read that thread, getting sued is normal as they can't control the minds of the people, and I think they have already expected that kind of possibilities and have prepared for it, and if they follow all those required to be implemented by the authorities, there's nothing to fear if they get sued.

I agree to you.

I don't think they will be in danger even if these costumers actually sue them saying they got the virus in these casinos or bars. The virus can't be seen and they can't just say that they got it there since they might be able to get the virus when they are going home. There are a lot of ways for these casinos and bars to defend theirselves.
897  Economy / Gambling discussion / Re: 2020 NBA Season on: August 14, 2020, 05:41:51 AM
Goodbye to the 22-year streak appearance of Spurs to the postseason.

--> https://www.si.com/nba/2020/08/13/spurs-postseason-streak-snapped-22-years

And while we are talking about it, Portland Trailblazers got in.

It is a heated game and Damian performance is really amazing with 42 points also with great players like McCollum and Whiteside. Levert really showed something but it is not enough. Either way, I am concerned about Trailblazers having Carmelo Anthony on the court in this game. That last minute shot by Carmelo might've stop them from going to the series.
898  Bitcoin / Bitcoin Discussion / Re: Why I like to learn and use bitcoin on: August 14, 2020, 03:58:41 AM
It gives us the ability to spend our money on anything ...

This is the sad part here.

Despite the freedom Bitcoin gave us, the pseudo-anonymity it gave us, we are still limited to where we will be able to use it. Countries may regulated Bitcoin and maybe other cryptocurrencies but only a few stores, merchants, and people are actually accepting or using it. We can use to buy anything with Bitcoin, the problem is that they don't accepted it, still.
899  Bitcoin / Bitcoin Discussion / Re: What bitcoin adoption really is. on: August 14, 2020, 03:18:29 AM
The biggest thing is that no one will ever be able to cheat with Bitcoin.

But people are using it to cheat.

Cheat I mean do some illegal transactions, scam other people, I don't know if there are but even money laundering. That is how they use to cheat Bitcoin. You know why Bitcoin because it is close to being anonymous. And in some parts of this world, that is the reason why the adoption of Bitcoin is slow, heck, it might not happen but we all know it will, it will happen.
It will be easier to find the people who are laundering the money if governments regulates the cryptos as a money because once there was a transaction made then it is impossible to remove it from the blockchain.But yeah it has value so it can be used for illegal purpose but as bitcoin it is impossible to counterfeit it or enters into someone's wallet without their private keys gives better edge over the fiat.

The problem here is that there are ways for these people to be untraceable.

Scammers and hackers in the past did it so that they would be untraceable. By using mixer, that Bitcoins used to launder the money will just be gone. There are still ways to track them but unless they are stupid enough to leave some traces, it will not be that hard. Some countries regulated Bitcoin so that they could protect those people using it in their country but the adoption there is still not that great.
900  Economy / Speculation / Re: What will you do when Bitcoin reach$20k? on: August 14, 2020, 02:29:18 AM
When bitcoin will touch $20k . The cryptomarket will very more interested. More people or even investors will see this space. Then, altcoins will also follow it surely.
I have plan to sell a half of my altcoins portofolio to take some profits.

For me, the market is really interesting even before this happened.

This year when the world is fearing the virus, the price of Bitcoin rose up to $10K, it may go down and we don't know if that is because of the pandemic or not but all we know is that the price is now at the run of maybe breaking another ATH. I will be waiting for some time but if the time is right, I will be doing the same and that also goes for other investors as well.
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