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981  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: September 25, 2023, 06:17:11 PM
In a maths view perhaps with a lottery it could make sense to collect numbers.   On the basis of knowing which number combinations remain unused will increase the payout.   Like anything if your reward goes up for the same money risked, this is a better rate of return a superior yield.   Anytime you can do a bit of maths, deploy some statistics and probability to earn a few extra bucks its worth doing.
   Ideally a computer would manage all this, just going person to person is not feasible by itself but maths 'genius' have deployed such ideas in the past to a profit, unbelievable but true Smiley
982  Economy / Gambling / Re: Rollercoasters have zero velocity on: September 25, 2023, 05:57:55 PM
I spent half a bitcoin on a second hand monitor back in the day, I was stuck on a old CRT and so it made sense for my eyesight at the time somehow Cheesy   If nobody had used BTC back then we'd not be here now, thats all I can say to cover my missing Lambo Tongue
   I did roll all my spins recently, all gone for now.  We've come down a bit the reward went up a bit, most usual is the BTC price action wants to repeat its range back up again so no need to hold especially though I will look.   If we do not hold the daily lows of the last month or so then we're into a new era, a new phase most probably as it starts to negate the 2023 mostly positive move.   Majority of the time BTC is a roller-coaster, yes its all over the place but open your eyes and you end where you began full circle.
983  Economy / Gambling discussion / Re: Can Gambling affect your relationship? on: September 25, 2023, 05:42:04 PM
Professional gambling is specialist and imo most of us are not capable of being so controlled but anyone can keep a budget.   Mention professional winning in Las Vegas and you risk initiating day dream thinking in people, the path to any profit is more mundane and routine imo.
   Ideally a whole month should have a budget to stop any particular day, say when you have a fight in a relationship which is normal but upsetting; a budget stops one leading to many days of losses.   If you isolate each days budget, dont expect to profit on any particular day and if using all that days money only return back to gamble the next day when you have slept and maybe are calmer.    All of these measures will help to isolate bad gambling behaviour and irrational reactive losses, I never even enjoy this type of loss anyway so why would we do it to ourselves.
984  Economy / Gambling discussion / Re: The madness of gambling addicts. on: September 25, 2023, 05:31:46 PM
Like any addiction its possible for the stream of consciousness during a day, what motivates you to continue doing your job the difficult things in life; all that can be disrupted.   I would argue none of this occurs by gambling cause alone, underlying causes that push a person into a negative bias is what I would mostly blame.  Depression or grief from loss of a loved one is perfectly normal behaviour and thats all it takes to de-stabilize someone enough to develop some kind of addiction imo.  The worst addictions are physical like drinking but also uncontrolled gambling would be a large negative imo its important to keep a fixed budget weeks ahead of time for this reason, avoiding upset.  Ideally people are helped as much as possible and consoled by a professional where possible.
985  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: September 25, 2023, 05:04:17 PM
The reason for the electoral college being arranged in a particular way is to do with the original union of the states, with many states lacking a larger population but contributing a large land mass and productive capacity.   USA has world class resources and independence that not many countries can boast from oil to farm land its all important.   To alter any of that is not as simple as it appears as it would require to allow states to vote on the new terms, more upset is really justified considering its worked for so long now.
986  Economy / Economics / Re: On Apple's $200 billion dump and US shooting itself in the foot on: September 24, 2023, 11:56:10 PM
Dedollarisation was spoken about in the 80's, people had various ideas for alternatives.  Yet it survived then, rates went to 15% at one point and have declined alot since then generally though the recent rise appears big is nothing compared to what they had to do previously to turn around Dollar.
  People point out now the national debt is far too much to carry the burden of higher rates and its unlikely the debt can be repaid any time soon to reduce the cost of that debt load hence a possible melt down in Dollar value.  We dont know that happens but alot of factors point to that outcome occurring.

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dreaming wrong dreams

Alot of western economies became too dependent on production elsewhere,  too much service industry not able to innovate is a possible problem many  are concerned on that.   We import that production and capability from elsewhere, its obviously a vulnerability.
987  Economy / Gambling discussion / Re: How will you feel if it happens to you just like this? on: September 24, 2023, 10:53:04 PM
Always put down a placer bet to avoid regrets, not for the money but for the kudos on winning your bet simple things.  Play at least a little for the joy knowing you are right on a bet especially the sportsbets obviously thats cool because knowledge and prediction there is such a large thing.
   Regret and emotional tilt is to be avoided for possible losses it can open up the possibility of in future bets, better to stay level longterm.
988  Economy / Speculation / Re: A Simple Reason Why Bitcoin and Crypto Prices Must Fall to Zero on: September 24, 2023, 09:27:00 PM
Its not nonsense argument its just not correct, I've heard a few of these points before and they are quite mainstream and believed  by a few people as correct reasoning to be anti crypto.
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Hence the inflation of cryptocurrencies - there are more than 20K of them.

This one I heard before, all crypto is equal and whatever value is in BTC can instantly be repeated elsewhere.  Primarily because its open source, its kinda a fair point that we do not retain copyright and some people thought this to be a fatal mistake in a capitalistic world.   However BTC is not easy to replicate definitely not out of nowhere, we already have this discussion in a massive way with the blockchain split.     BTC defeated its former backers attempts to replicate and their divergence in the code protocol:


These arent new and are not especially threat because ironically BTC is unique.  Despite no copyright and many other apparent negatives on retention of value BTC is not easily acquired or replaced by other means.  BTC is unique and hence has a specific value, we can argue over price but its not zero.   As soon as OP is true we'll see it more obviously, market tests pricing and demand for BTC everyday.
989  Economy / Gambling discussion / Re: As a gambler do you have a potential winning amount limit? on: September 24, 2023, 09:19:43 PM
I think money management is the most important factor, luck we cannot control but choosing not to overbet during a losing cycle is important to last in your gambling session until a series of wins will return the profit wanted.    If you dont choose the right bet size and run out of money with bad luck then it lose you the opportunity to see the good luck, you wont be playing any more.   I think too many people are impatient and lose grasp of the game, the game plays them :p
990  Economy / Speculation / Re: Will Elon Musk keep what he said or not? on: September 23, 2023, 11:59:42 PM
Elon doesnt matter, he is just one guy.   Always was true, the Bitcoin effect is not one person and I dont think he is pivotal.  Nothing to do with liking or disliking him, even when BTC was doing very well and he was helping its hype perhaps I'd still have said the same.  It dont matter, we are hoping BTC is part of the world from the smallest people to the largest perhaps but its really only about the general dynamics true.  If he doesnt see its of any benefit thats his own problem to handle, love to hear he has ideas and innovation but I never really read anything interesting in that respect.
991  Economy / Gambling discussion / Re: Importance of Gambling to the society on: September 23, 2023, 11:50:22 PM
this is a good topic for discussion. in my country, many sites that are related to gambling are very closely related to charity; they buy ambulances and also help hospitals, this is a good deed. It is good when companies have a profit and are ready to share it at the level of government assistance.

Its potentially true in every country, gambling is often vital revenue to the government.  Thats not charity but governments often carry out essential services, in a recession the government can go broke or forced to suspend any investment and support to society if it were not for industry where revenue and profits are so reliable they pay out every year.
    We know the odds on gambling mean sometimes winners take more then losers will give on a day, that is the casino is losing or giving away money on that day.  However overall its a very reliable revenue stream which means its beneficial and outside the normal economic cycle and that contagious recession and failure that can occur.
992  Economy / Economics / Re: The Kids buying Mcdonald order via BTC on: September 23, 2023, 11:42:41 PM
I'm glad its fast enough for them to order the fast food, thats a point in favor of BTC if its fluid enough to be convenient for people who presumably will not put up with too much hassle.  If they had alot of patience they'd just make the burger themselves really.  I'd like if BTC was convenient and easy enough for everything like this.    
  I'm not so much a fan of how expensive fast food got now but usually its down to finding an offer price available.    Ideally BTC circulates between users, I presume McDonalds or whoever is retailing here just puts it back on the market right away.

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to spend or to save?

Spend is totally fine and healthy for anyone who is receiving BTC.   The ideal is that circulating back and forth between regular users, just a means to settle bills and both parties accept payment and pay themselves using BTC; nobody is losing out then its just a beneficial circle and you are all holding an appreciating asset not the flaky paper.
993  Economy / Speculation / Re: every cloud has a silver lining on: September 23, 2023, 11:21:53 PM
Bear market is over but confusingly bearish moves remain and probably always will to some extent.  We have to figure what proportion they exist and how much of their negative move is ongoing and durable.   We are bearish right now, descending beneath a negative 50 day average so short term and arguably medium term BTC remains somewhat bearish.  The medium term part is debatable as we are gradually but haphazardly moving up this year and this latest negative is part of that, but anyhow longer term I'm going to say we are positive in a sedate way.  
  The low on 12th May last year was 26,700, the high today and recently for over a month has not been much higher then 26633 so we'll soon be 17 months of dismal moves  mostly sideways.   I can forgive the bearish outlook when we are overcast like this, its opportunity if you can see positives further out.    Theres no real argument for a good positive trend but a subdued recovery is fair take imo.
994  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 23, 2023, 07:50:08 PM
I didnt see any 6 hour flash promo.   If you have recently been betting on the site sometimes it will choose to send out a promotion especially.    I got the thousands reward in BTC recently and also the email free spin got me RP in hundreds, wish it was a bit more often but Ive been fairly lucky recently.
  BTC isnt really trending up at present, it was doing ok for a while above weekly average, now its sideways or taking a breather till next week perhaps.  I'll wait and see on that one basically, obviously 30k would be ok too.
995  Economy / Speculation / Re: Good time to sell? on: September 22, 2023, 11:49:56 PM
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in the next bull run, the price will surpass the past ATH

I dont assume that, I think we can retrace those prior losses just partially and then come right back to here without making a new ATH.   I reckon we can go another 2 years and its not overdue for any new high.  Partially because the last high followed a hundred year event and exceptional excess of money printing by multiple nations which helped boost weakness in currency.    So its a spring high tide mark maybe, hundred year storms can change landscapes for generations and not be repeated; perhaps its quite that unique but not everything will be as predictable as the daily tide & natural variation is a known thing.
996  Economy / Gambling discussion / Re: [Warning] Don't share your casino account! on: September 22, 2023, 11:28:58 PM
Would have thought that's obviously a bad idea because your credit could then be linked with that person.    I understand some might link to claim offers perhaps, that something I've heard of, even that's risky to do because some of its personal info.  I would definitely advise anything involving personal information because that could then be used to start a credit card in your name, all kinds of society security fraud maybe, immigration fraud maybe.  There's endless schemes to do with misusing personal data of a person, its already risky but with consent that could lead to serious repercussions.
997  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: September 22, 2023, 09:28:47 PM
There is a whole branch of savers trying to step off the rat race treadmill by avoiding spending any of their money as  much as possible in their twenties and early thirties.   This allows them to move away from expensive cities and leave the commuting waste of time to lead more life affirming consultancy part time work or even retire all together at early age.  They collect various ways to avoid spending money needlessly, nice aim they have imo.
998  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 21, 2023, 11:59:30 PM
Ironic, makes no sense to bet the odds on France only take a small chance of draw perhaps or underdog win.   I would balance those nice odds with a little bet, doesnt take much to win a decent amount.  Consider it a fun bet, anything can happen.
   The other factor not shown is time correction, some bets will add something for betting early isnt that right so in this case will some people gain from early on going for France ?  Its not a type of profit shown outright but I often get that bonus on the BTC monthly bet for example.  Workings not shown, from what I remember its worth having but I dont know when this bet opened.


I used up lots of spins recently also, but by accident.  Think I was looking elsewhere for a second misclicked, not in the thousands like you have.   Took some time to use up which I like :p  no golden ticket for me but it was a clear 'profit' of sorts as I got several of the thousands tier reward which usually makes it a good roll comparatively.    Price was ascending nicely for some days,  its taking a sit down for the moment  we'll see if it gets back up or falls off the chair   Grin
999  Economy / Economics / Re: India Expands G20 Membership to G21 During Its Presidency. on: September 21, 2023, 11:44:24 PM
This is going to confuse the hell out of people who struggle with the belief Africa is a country.  How we going to educate them on that now, I already got told BRIC is a country and a currency.  Things are going to get more confusing before they get any simpler it seems Shocked
  I'm interested how the newest member would compare vs EU.  This discussion is not quite as serious as if it were giving all parties equal trading rights, it just includes them within the conversation and we can talk for decades without doing anything.  Its good people talk but also Im not sure it leads to anything except beyond recognition.   Its a good  idea anyway, China has been including Africa for sometime in its attempts via 'belt and roads' initiative.  That means its strategic to counter that by including this Africa union, but why has it taken till now.  China is still ahead in actual infrastructure built, the biggest link between the largest countries to Africa is still the legacy of occupation and the colonial period of history not too long ago.  France being involved within the Niger coup news recently for example.

https://en.wikipedia.org/wiki/Belt_and_Road_Initiative#:~:text=The%20Belt%20and%20Road%20Initiative%20%28BRI%2C%20or%20B%26R%29%2C,more%20than%20150%20countries%20and%20international%20organizations.%20

https://edition.cnn.com/2023/08/29/africa/french-ambassador-defies-niger-junta-intl/index.html
1000  Economy / Speculation / Re: Take your eyes off from the fall in price on: September 21, 2023, 11:29:31 PM
Market price is not that perfect reflection of all things, it can be totally wrong.  Kinda funny we have to write this down and think a little while to realize of course thats true.  The price will be too expensive and sometimes too cheap, opinions will vary.    Its one of those things, people will sell purely because the price went down sometimes like during the pandemic that was enough to shake anyone's hold on their BTC.  It was a rollercoaster sheer drop on one particular day then it reversed and that was the bottom.   Simplest modifier to that thinking might be to consider volume, 1 person selling at 20k now isnt really bearish.    Price is the label on the item, its not the item :p
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