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961  Economy / Economics / Re: Covid lessons learned know when to finish on: August 03, 2021, 04:07:18 PM
Covid shows us you must know When to finish.
When your business doing too good you have to sell it.
Why do you have to sell your business, especially when it's doing well? There are exceptions when well-performing businesses are sold but that's done for better and/or usually, the merge happens.

The businesses that had roots deeply in digital world or those who quickly implemented the new technologies, succeed during and after the Covid. Also, no one could predict the Covid and even when WHO/China was warning the society that there was a threat of serious virus, none country was taking it seriously at first. It's very hard or almost impossible to predict what will happen in your business or in your niche, what kind of competitors will arise and etc.
962  Economy / Gambling discussion / Re: Gambling on friendly matches on: August 02, 2021, 11:07:03 PM
Usually, when it comes to friendly matches (in this case, imagine soccer), I prefer to stay away. In friendly matches, you can't predict a lot of things: you can't fairly judge who will try their best to win the match and who will try to preserve energies for another match or for whatever the reason they have.
When it comes to goals, yeah, I agree with you, there is the high probability that there will be more goals because friendly matches mean nothing and teams shouldn't be focusing on their defense line but at the same time it means that attackers won't be intensive/forceful.
963  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin solve the world's debt problem on: August 02, 2021, 09:49:43 PM
Politicians love to spend more than the country produces, because that makes them look good in the eyes of those electing them (yeah, most people don't think on long term)
The highest percentage of electors are uneducated people and the prays of beautiful lies. People love when they hear what you want to hear and that's all, the whole politics. The most fun thing here is that these electors only think about themselves and their well-being but at the same time believe that there will come a crazy political messiah who will take care of them. People want to lay at the sofa and count the profit.

Okay! Bitcoin is often misused along the word "Blockchain". How the hell can bitcoin solve the worlds debt problem? Do you guys really think that let's everyone buy the bitcoin, hold for years, the price will rise and the world will become rich? The world and economics don't work that way!
964  Economy / Gambling discussion / Re: Need beginner guide in gambling. on: August 02, 2021, 09:12:13 PM
I picked interest in Gambling recently and I love playing for fun, but lately, I lost most of the games this has made me lose some money and I would like to learn how to gamble.

I will appreciate anyone who can help with a guide or share a link to where I can learn how to gamble for beginners.
First of all, start from the thing that you are promoting that scam casino. If you stay at 1xbit and gamble, even if you win, your account will get locked and you won't be able to withdraw them.
So, start by doing research. Find the most trustworthy, user-friendly and reputable crypto casinos and register there. Then, you have to keep in mind that gambling is for fun and not for profit. It's impossible to profit from gambling because there is math behind every game. Mathematically, there is no way to beat the casino, like there is no way to change the result of 1+1=2.
If you are beginner and haven't been in touch with casino games, then just play with play money.
965  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM in a gas station on: August 02, 2021, 08:42:20 PM
These things have started to be non-news, more like adverts for the companies installing them, make a quick interview about a company, promote it and classify it as news. The most important thing in all of this is one line:

Quote
Fees range from 6% to 20% of a total transaction,

At those rates, those things are starting to target one-time shoppers, fleece them as much as they can, and then to the next buyer or more like victim rather than focusing on volume and on dedicated customers. Just for fun, I looked two weeks ago at a Batm, the fees were not that bad at 7% but buying 100 euros worth of bitcoin wouldn't get me 93euros in my wallet because they would also charge me close to 15 euros for the tx.

If they keep these things up and go full KYC on every purchase they will soon be left with no customers.
And they are left without customers. My friend has a cafe in one small country but his cafe is located in a very prestigious area where you'll often see the tourists. They not only walk near his cafe but they also usually hire the apartments in that area. Tourists are mostly from Russia and East European countries and there were times when I was often in his cafe during the day.

I have never seen tourists or local people using the Bitcoin ATM in his cafe. Once, an old woman came here and asked us to help her in paying of bills Cheesy I have said this story already in past. I can really confirm that no one uses that ATM, it's not profitable, have never been too but idk, it's still in his cafe and the owner of that ATM pays him the rent price.
Also, there was one crypto cafe opened in another prestigious area. My GYM was in front of that Cafe, so, I was seeing that cafe from outside every day. Sometimes I was even visiting them and you know what's funny? No one was paying with crypto but with cash Cheesy
966  Economy / Lending / Re: ★ ★ ★ LENDING ► CONDORAS SERVICE ◄ ESCROW ★ ★ ★ on: July 31, 2021, 02:17:17 PM
I requested loan extension from condoras for two weeks.
Already paid the extension fee.
967  Other / Meta / Re: Is Bitcointalk.org losing user base? on: July 29, 2021, 05:30:07 PM
I think that the main reason why Bitcointalk is losing it's popularity is that Bitcoin went mainstream and other businesses/platforms used this opportunity very well.

1. Websites like Cointelegraph, Coindesk and others try to write and publish news as soon as possible, these websites are a great source of crypto-related news, they are the ones who search the information all the time and then show it to their audience.
2. Websites like Stackoverflow have an audience of developers and enthusiasts who are more likely to help each other and share the knowledge.
3. Reddit is one of the most popular social news website and it's not oriented on one task but there is a discussion and boards on almost every theme/subject and people prefer to use it because for that and also for the nice UI.

There are some other reasons to say too along with them. Also, at the same time, don't want to look rude but Theymos doesn't really take care of this forum. I don't judge it, I really appreciate bitcointalk and its role in my life, it completely changed my life for better but truth is truth, this forum looks like abandoned and the major life-giving power is the signature campaign at the moment.

Bitcointalk needs serious change, implementation of new features to make the website look like a comfortable all-in-one service.
968  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: BUSTaBNB |fully immersive iGaming and DeFi platform built on Binance Smart Chain on: July 29, 2021, 04:42:53 PM
Aren't Bustabit and it's analogues losing popularity? I don't know well but on another hand, it looks a very nice move from you. Binance and it's coin BNB is booming, it's the best time to change the name Bit with the name BNB and focus on it (but at the same time we have an era of casinos that don't focus only one coin and offer customers the multiple altcoins).
Also, Binance has its casino, so, I think it will be hard for you in future to compete with it - bplay.org

On another hand, UI is simple and nice, very different from every bustabit analogue. Wish to test it as soon as possible.
969  Bitcoin / Bitcoin Discussion / Re: Never sell your Bitcoin? on: July 29, 2021, 02:58:02 PM
I just want to see what the general consensus is about selling Bitcoin. The well-known Bitcoin advocate, Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime. He believes that when you sell bitcoin, you will be taxed, but if you hold it, you can borrow bitcoin at a good interest rate (tax-free). Platforms such as Block Fi provide such services.

What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.
If you are a billionaire and never spend a cent from your wallet, then you won't be even a little different from the poor. So, if you are going to never sell your Bitcoins, then just don't buy them and let the regular users to use them.
And taxes, there are countries where you can receive the money and don't get taxed. In some countries, the money received from the foreign countries isn't taxed, doesn't matter whether it's bitcoin, other crypto or fiat. So, don't worry too much about tax.

And, finally, why to stick with bitcoin? Don't you think that there are other good alternatives or will be in the future?
970  Economy / Speculation / Re: Can I recommend a friend to buy Bitcoin now? on: July 29, 2021, 02:35:16 PM
I don't know why you have to suggest investment in bitcoin to anyone. You know, people want to get rich overnight, so, if anything bad happens, they'll blame you and tell you that you are stupid who knows nothing and it's a fault that they believed in you, etc.

If bitcoin is far from its All-time high, then it's always a good moment to enter the market if you think about the long-term benefits/profits and at the moment it's really far from it. ATH was roughly 65K, right now it's roughly 40K. Here you see the 25K Difference, right? So it's the way to go. If we have a look at 2017, then we should expect to see 100K Bitcoin's price or an even higher one.
971  Economy / Gambling discussion / Cryptocurrencies price and their effect on gambling industry on: July 29, 2021, 12:05:35 PM
We all know that there are games like Dice, Bustabit and other very popular in crypto casinos. The minimum amount that people can bet is usually 0.00000001 BTC.
The value of 0.00000001 is more than 70x high compared to 2016 year. So, the current 0.00000001 is equal of 2016's 0.00000070 satoshi. How does this price increase affect the crypto business? Do you see less profit in bitcoins and or in USD? Or even very significantly higher? Its understandable that years of marketing had it's effect on business but if we somehow make equal statistics, compare the fixed amount of average bettors of 2016 and 2021 year, how do the statistics look? Or how are old but still active bettors doing on your casino right now?

How much of your reserves are kept in Bitcoin and in USD/Euro? Do casinos trade with their coins when a serious rise or crash happens?

Would like to hear opinions mostly from the representatives of different crypto casinos that also operate on this forum.
972  Economy / Economics / Re: Bitcoin doesn't care about Tesla and Amazon on: July 29, 2021, 11:04:13 AM
I sometimes think that those who do this kind of screens are sometimes under the Itachi's Genjutsu Cheesy
What really gives you a reason to say that in the title when your arguments actually prove the different idea? Technical analysis has nothing to do here.
Okay, let's see how everything happened:
Overall, there is an expectation that after the halving, bitcoin's price should significantly rise. It happened that way and went up to 20K. Then what happened? PayPal announces that it will accept Bitcoin and it increased the price. Then Elon Musk announces that Tesla will accept the crypto and then price rises again and then the rise continue until his tweet that really destroyed the whole crypto market. His tweets had so much influence that it not only seriously affected the Bitcoin's price but at the same time he was seriously hyping the Dogecoin and it had an enormous increase in price.

After Elon's tweet, it was looking like the market was rebounding but then the China announced mining ban and it finally crashed the market without the chance of rise. Then, what happened? Btc was playing between low price range and one day the rumor leaked that Amazon is going to accept the price and it quickly reached the 40K price, liquidated a lot of short positions on futures market.

So, yeah, it's price is very dependant on this kind of actions and the result from these announcements is almost immediate.
973  Economy / Trading Discussion / Re: What is stop loss and how it works on: July 29, 2021, 10:35:02 AM
I have been in trading for some time now and as I become more experienced in trading; I discover some terms in trading that have captured my interest, as these terms help me gain knowledge to maximize profits and minimize loss.

One among them is the (stop loss feature) some exchanges have developed this feature to help traders set limits on their trading to help put a hold on trading once a certain price is reached, but again most traders still run into losses because they inability to use this tool effectively.

That brings me down to my question, what is the best way to apply the stop loss features that will guarantee zero loss, and which exchange has the best and easy-to-use live trading features.
I'll try to explain it via example:
1. Imagine you bought BNB at the price 20.0
2. Price went up to 21.0 but you think that it may fall but at the same time don't want to end up in minus, so
3. You set price loss 20.4
4. It may not close exactly at 20.4, it depends on the loss rate, so, if it falls quickly, you may have to consider that instead of 20.4 it will close at 20.27 or something similar and you preserve yourself.
5. Also, if you set 20.0 and the loss rate would be high, you wouldn't be left with 0 profit but instead, it may close at 19.7 and you'll end up with some loss.

974  Economy / Economics / Re: Amazon's surface phenomenon on: July 28, 2021, 07:21:10 PM
It is possible alibaba (china) is the closest retail competitor amazon (usa) has at the moment. Whatever conflict is currently brewing between china and the united states could boil over to an alibaba versus amazon conflict. Some might scoff at this idea, but alibaba carries product niches and items which amazon has discontinued, for some strange reason. Amazon used to sell more motorcycles and prefabricated housing units. Two areas where amazon appears to be losing ground, while alibaba is catching up.
Don't we even mention eBay, Walmart, Target, Bestbuy? I don't think that Alibaba is the only closest competitor here. Btw in most cases, people use Alibaba or Aliexpress for dropshipping on amazon. They buy cheap Chinese products on Alixpress and then sell on Amazon or they buy bulk products on Alibaba, save them in their store and resell them on amazon (fast ship from a local store).
Personally, I often use pre-workouts. Idk if you know but there is one stimulant called DMAA. Amazon has discontinued and prohibited all the pre-workouts that contain DMAA. On Alibaba and Aliexpress, you can buy even DMAA itself. So, these kind of products are discontinued on amazon but available on those Chinese websites.
975  Economy / Trading Discussion / Re: Trading is not a Game . on: July 28, 2021, 04:45:08 PM
 All Traders has a big knowledge regards in trade they never expected to win in trade cause they know that in market the cryptocurrency in trade is Volatile and everybody know that in trading is unexpected wetheir we lose or win.

  Some newbie in trade and they have not enough knowledge regards in trading after that they take a risk an they just lose, all they will say that trading is a scam ,fake, not reliable, and not Good to trade. That's why they lost their faith about trading . That's why some traders here give some advice on how to trade or before you trade we must learn how to enter in trading.
It turns into a game especially when you use Futures trading. Well, trading shouldn't be a game but when you see the crypto market being so volatile... When coins like Shiba Inu are getting 30 000% rise, it is clear that the trading is a game. The price of most coins is out of logic. Bitcoin was performing well when price was 6K, I hugely doubt that demand on it increased 10x times. And BNB, pure market speculation, this coin went from 20 to 680 and still plays regularly around 200-400.
Bitcoin's price was 60K and become 30K in just one day, after Elon Musk's tweet, it went thousands of dollars down in just minutes. None technical analysis and deep understanding of the market could predict that if it wasn't just Elon's tweet and then China's ban.
976  Economy / Gambling discussion / Re: Should online gambling companies be responsible for harm related activities? on: July 28, 2021, 01:37:37 PM
Most online gambling companies claim that they are ethical providers who are committed to corporate social responsibility (CSR) practices.

They propose,  that their CSR are targeted at preventing or minimizing the harm associated with their activities. However,  we are aware that those who are severely addicted to gambling have shown several mental and physical health, social relationships and academic and work performance issues.

Have these companies taken any steps to minimize the harm related to online gambling?  Is their CSR functional? Not all bet sites encourage responsible gambling because they rely on revenue from the losses of  gambling addicts. My question is, should online gambling companies be responsible for the harm related to their activities because of their current failures in the implementation and control of CSR policies?


Is there any knife manufacturer responsible for the harm-related activities? Or should they be? There are types of people who use the knife to cut the bread and there are others who use it for murder. The same applies to gambling, there are two types of people: 1. Those who get the fun and excitement from gambling and 2 - Those who want to become rich from it and the whole opposite happens - they are getting nervous, addicted and ruin their lives.

While personally I think that it's not their duty to be responsible for this because they are just the service provider and their stated goal for you is to get fun, there are still a lot of companies and especially popular ones like Betsson who run the gambling harm reduction campaigns and in my country, they were spending their own money for rehabs and were fully financing the treatments for gambling addicts.

977  Economy / Economics / Re: If you can get paid through cryptocurrency, do you still choose fiat currency? on: July 28, 2021, 01:18:29 PM
It really depends on a lot of things. If you are an active trader and use trading platform that has debit/credit card available in your country with good benefits and terms (like Binance Visa Card with low ATM fees and good cashback), then without a doubt it's better to choose the payment in bitcoin. But if you are a person with no interest in bitcoin or cryptocurrencies, then I see no idea why to choose it over fiat. At least we all buy things in USD or pay the USD equivalent amount in Bitcoins.

Since I trade and Binance card is available where I am right now, I would prefer crypto payments.

Do you think cryptocurrency payment will be a new trend in the future?
Who knows, cryptocurrencies are still unpredictable. They may be the option but not the way they are represented right now. I hugely doubt that governments will let decentralized cryptocurrencies to become a trend.
978  Bitcoin / Bitcoin Discussion / Re: Better than "GOLD" for criminals, BTC is easier to steal; Easier to scam; on: July 28, 2021, 12:42:59 PM
Is BTC easier to steal? How? How virtual thing can be easier to steal compared to the physical one?
You store gold at your house or somewhere in a real-life place. Since you do this, people are able to find it and even your relatives, those who live in your house can rob you. But when it comes to Bitcoin, it's an encrypted, digital wallet, where only you have access. If you are careless person, then doesn't matter whether you own a gold or bitcoin, you'll lose it anyway.

Also, if something bad happens around you, people can rob your house and find golds but they can't find bitcoins and can't steal them if you saved them well. Also, you can carry your bitcoins everywhere and no one will know it, while you can't go on boarders with your golds and you can't carry golds with you.
979  Economy / Gambling / Re: BitRoul.com the only Roulette with no Zero and a solid Provably Fair on: July 28, 2021, 12:01:24 PM
No Zero , no Cheat , a very solid (for the player ) Provably Fair feature .
Zero isn't a cheat in roulette, the same applies to no zero roulette too. And I don't understand what does it means, a very solid provably fair feature for the player? Is there any casino-oriented Provably Fair system? I didn't find it in FAQs but the game sure would have set the RTP, otherwise, 0% house edge for the casino is a sure loss. The only advantage that I can see here is that probably it will have a better chance of win compared to the zero or two zero roulettes but the disadvantage is that some people don't think about the RTP and these words blindly attract them.
980  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 27, 2021, 09:43:29 PM
I didn't really do calculations to determine the ROI of my investment but I am pretty sure it will be around 1 year of less.
I bought 5000 tokens at an average of 70 satoshis. I think in total I already won around 45 - 50k in RP and I also won a couple of times already 5000 satoshis.
What do you mean by ROI precisely? Because I don't think 3 or 4 Wheel of Fortune spins per day will let you earn 350 000 sats in one year... So I think you've taken into account the value of your FUN tokens. But how do you know at which price you'll be able to sell them in one year?
FUN is down over 10% against Bitcoin in the last few days so it's going to be really difficult for anybody to recover their investment through the value of the tokens. I bought tokens when the program was already a few months old so the price wasn't as high. At today's prices I probably could have broke even within 6 months, taking into account the total value of my tokens plus rewards from WOF, but I had been reinvesting my profits back into FUN so now I'm in a deeper hole.

I've a huge collection of Fun token, I didn't buy it to do wager, I just want to keep them in my collection. I think this dump is really a buying opportunities for all of us, .you know, Bitcoin is accumulated in 40-30K price zone during a couple of months that's why most of the altcoins are in bearish condition, there is no doubt Fun token will be wild again within the December of this year.
To be fair, I don't even know what's good opportunity when it comes to FunFair token. In the beginning, the price really went very high but when they started the massive marketing campaign, the price didn't really went significantly UP, it was rarely a 2x rise and that was looking like a manipulative pump when it reached 0.068 cents. The price is declining and declining. Since May 7, the price went from 0.0545 to 0.013336, 75% fall, that's huge. And if we compare each other all time high and current price, then there is 80.5% decline in price. At some point, it means that it's really the best time to buy right now but on another hand, I am afraid that this coin didn't react well to the efforts that was made by freebitco in order to promote it and boost the price.
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