Well in the first place bitcoin wasn't intended to be of use for anything other than a complete replacement for fiat currencies controlled by the 1% of society. This is slowly being realized and is being achieved by the day. As for how people should use it, that's where we're having a problem, it's hard to control investors especially since bitcijn is decentralized and anonymous. That's why problems like this exist. Anyway, this exist in the fiat space so I don't see why this should be a very big hindrance to bitcoin's success.
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Bold of them to say such claims when the banking industry does this for lunch. If anything, shady business in bitcoin is a bit more justified and humane compared to what thw bakijg industry allowed their customers to partake in. Graft and Corruption? Money Laundering? Human Trafficking? Banks know this more than anyone else in the room and they don't want competition, that's why they are desperately trying to deface bitcoin off the public's interest.
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Publicizing their actions against Trump will give them the chance to gather people who are against Trump into their banking institution, so it wouldn't be surprising. Not to mention the fact that compared to the money that goes in and out of their pockets, Trump's money in their vaults will amount to nothing but pennies. That's why they are confident about this.
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This is a great start towards a public recognition and acceptance of bitcoin. The more famous people being open and supportive of the coin itself, the more will people be inspired and encouraged to take on bitcoin and inclhde it in their investment portfolio. For the first time I hear that football players receive their salaries in cryptocurrency. Why invest your assets in cryptocurrency at all, making millions of dollars a year? It will be very disappointing if a football player loses part of his salary due to the fall in bitcoin First of all, it's not compulsory, the players get to choose hoe they are paid and not the other way around. Secondly, the guy must have known what he's getting into to be confident in having his paycheck be in crypto, otherwise why would you do that. Thirdly, there are companies out there that give their employees the option to have a portion of their salaries be sent into an investment portfolio specifically for them, NFL League shouldn't be different.
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I doubt it, Mayweather rarely does rematches, and he knew that this time around Pacquiao will not go easy on him anymore. Now, I'm not saying Manny is an inferior fighter compared to Mayweathwr but the thing is, Mannh thrives in knockouts while Mayweather works best in technicalities, so just like what Marquez said, Manny will only win if he would be able to knock Mayweather out, otherwise the fight will go towards Floyd's favor.
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The Paroli Strategy/Technique is pretty much like Dollar Cost Averaging in the investment industry. You add more money for every gain, and sell/decrease your bets when you lose, tempering your bets is also a nice touch as most people on a winning streak is easily carried away and swoon by luck, so they will inevitably spend more money and is at a greater risk of losing significantly It is impossible to win bets with dice consistently even if we apply a strategy. Strategy will only increase the odds but will not last longer as this game depend on luck. I have used different strategies on the dice, won several bets but ended up losing because once the stake was increased the strategy was no longer useful. Only luck will make the dice player win a lot of bets. The point is the casino is still the winner in the long term. Luck based games really allow gamblers to be greedy. Underestimating the risk of defeat depends only on the hope of victory. This has brought many gamblers to the brink of defeat.
Luck-based games give this sense of security because everyone is as lucky as you are anyway, but this is what I disagree on, people are more lucky if they can control themselves.
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Bitcoin slowly became a store of value rather than a daytrading asset as it was in the past. As of the momwnt gold is a good sotre of value as well, given how it has been like this for a couple of thousand years, and to be expected for a couple more centuries, so it's basically up to you on what you wanted to choose between the two, they're both great in their own ways and gets the job done.
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Cryptocurrencies is ruled by the people, not some government as you were trying to put it out to be. Most cpuntries even ban cryptocurrency use and investment because it is unconventional and unprofitable kn the government's part. Which is something they really hate apparently. So no, bitcoin or any other cryptocurrency for that matter will not be controlled by a single governmebt. Not today, not ever.
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We humans are more prone to the phrase to see is to believe. We have relied on our eyes for millions of years and that's why it has become our most trusted organ. That being said, there are distinct differences between cryptocurrencies and fiat that may steer the common joe towards fiat, number one would be stability, another is tangibility, these two are the greatest factors in determining which are more valuable between the two for most people.
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If yiu can't beat it, eat it. Is what they say here in my country. And it seems like financial institutions are already admitting defeat over the prowess of bitcoin, that being said, this is going to be their final move of desperation before they either buy their own bitcoins to stay in business or implement a feature that will allow their custkmers to invest in bitcoins. One way or another, banks are going to lose.
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Knowledge is indeed everything, but knowledge without application is knowledge wasted. So you have to be able to showcase these knowledge you gained in one way or another. That being said, we also have to consider opportunities, which is the main reason why so many professionals don't get to be realized in their respective field. Either they are blocked by financial struggles, racial discrimination, or the likes. What about people who don't have knowledge but they have financial freedom. I think luck also can give someone such. For the knowledge some people are educated with knowledge but they are still poor no matter how they struggle for wealth. About crypto investment , it is difficult for many to know when to sell their hodling or keep hodling. Sometimes you sell but price keeps rising and you feel bad. Another time you are lucky after selling, price drops and you are happy, you see the luck ? Being rich isn't only about knowledge is the way I see about this.
This, exactly. Opportunity plays a bigger role most of the time in how a person becomes successful, I can tell you how many classmates I have in the past who weren't that good and weren't street smart at all but were able to live lavish lives because they have affluent parents or families, which unfortunately some of us don't.
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Where there's illegal gambling, there's serious cases of criminality, underground syndication, and the likes. If Thailand wants to and is willing to take these guys down for good, they have to aim directly for the head, otherwise these crime groups will just disband and then in due time resurface with a new MO. They will just be wasting time, money and precious police force in not aiming to eradicate the root cause of the problem. Illegal gambling takes place because there are people who take part in this and the users who continue to support it despite knowing it's illegal. It's good to see that the government of Thailand is planning to take measures to stop illegal gambling and convert it into legal ones so that it benefits their nation but I hardly think that this would stop illegal gambling. The owners will definitely find an alternative to continue illegal gambling unless the government is continuously tracing them and blacklisting the owners for regular investigation.
People will gamble where there's an avenue for it. Regardless if it's illegal or licensed. Moreso, these illegal gambljng dens thrive because they allow the common joe to bet, whereas high stakes gambling are only for the rich.
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"In retrospect, it was inevitable." Elon literally had become vocal in his support iwth cryptocurrencies and bitcoin in the past few years, even went so far as to include a pruchase option in Paypal for bitcoin, although of course it was not as cool as we thought it was when it was just about to be released, still, we can see how enthusiastic the guy is in his support for bitcoin, hopefully this carries on because more good publicity will be helpful for bitcoin's goal of reaching $100k
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I'm not saying capitalism is good or beneficial, but if we keep our ways right now, the concept of hierarchy of wealth will remain the most sound and effective way of dealing with society. Someone has to man around people to do the work and be of service to the rest of the society, if we just give people money, there will come a point where they won't want to work anymore since they're gonna be incentivized anyway, so for a concept like free money to work, altruism is something that must be done by everyone. Being a rich is a dirty thing too, there are only certain people who have become rich from honest work, otherwise everything happens from dirty job. Don't have an expectation that they study and work hard.
But at the same time, why are you poor? Yeah, it's hard to be poor but it's hard to be rich too. Just sitting at home and doing nothing can't bring you money. Work hard smartly.
And, if we set higher taxes on rich people, we have to put highest percentage of money into education. When there will be an educated people, politicians and "bad guys" will have less power on people. Right now, fake promises and fake hopes still win over people.
Taxation only works up to a certain degree, everyone should rule in negative factors like graft and corrpution in the government's end because those will always exist, so the more taxes imposed on people means more leeway for these politicians to earn ill-gotten wealth.
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Longest streak I ever had at losing was around 16 to 20. At some point in losing you just lose hope, you just want to see how it will pan out in the end that's why I let it slide that far and that many a games before I said quits. That's why I devised a plan to stop, always stop evrtytime I lose 3 games. Not more or less than 3, that way I can control my spendings and I don't mess with my mentals by keeping up an already lost cause to carry on.
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It takes two to Tango, this is true as well in the case of contingency tactics amidst the COVID-19 pandemic which most governments have been implementing tirelessly. Unfortunately, if the people orthe government fall short in their responsibility on ensuring they follow protocols, that's where the problem starts. Disobedience in the end of the public and lack of self-awareness and sense of urgency in the government's part causes these probkems to persist. Take the UK for example. Vaccine are here already, even if its not that 100% many are still confident about it because people have to find their hope and we can’t afford to close the economy while there’s still a virus, no countries can. Re-opening the economy is fine, we have to continue living and continue fighting, we’re very near to cure this pandemic
Vaccijes couldn't have been needed anyway if not for countries literally depending on it even though it wasn't even made in the first place. Take New Zealand for example, the country is already COVID free even without the aid of a vaccine, so Vaccines aren't the only solution to the problem.
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It would not be possible for bitcoin to actively and directly back the US dollar for several reasons. But mostly it is because it is a cryptocurrency with a high volatility rate, as opposed to USD which is a fiat currency with regulations left and right. Apart from this, we also have to remember that bitcoin is decentralized, meaning it has no business of choosing to support a single fiat coin when it can support all of them. Still, the boom in media attention inadvertently allowed USD to recover and Bitcoin to flourish despite the pandemic.
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One thing I did in the past which clearly worked for me but was very hard to keep in check for is DCA (Dollar Cost Averaging). This strat literally helps you do all the things that you want in your investment journey, but you would need to follow and study the market religiously to make the most out of the strat. Nevertheless at a major point in my investment journey it made the stress bearable considering I gain huge amounts, but now that bitcoin is at a safe spot, I just hodl and buy some coins, that's it.
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Ethereum's usability is heavily weighed down by it's slow transaction process and high transaction fees. Until they find a way to solve this issue, it's going to be very hard for Ethereum to beat Bitcoin in the market in terms of price. Especially now that bitcoin has reached 30k which is an awful lot of money of course. So it may not happen anytime soon, but provided that Eth does something about those factors above, they will have a fair chance at bagging the top 1 spot in the future.
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Goes to show how powerful we are when we decide to topple these monopolists and bankers that run off of our money. GameStop has been getting more attention now more than ever not only in the stock market but as a game retail store as well. Oligarchs crying on social media and tv news prpviders about how this is unfair when they were the ones who told us poor people should invest in stock, truly a sign of a great upheaval from the underwhelming January we experienced last year. Dogecoin has been a hub for pump and dumps even in the past. Remember its first run from 33 sats to 151 sats in a span of two weeks back in 2015? Massive pump orchestrated by the people of reddit as well, up until those who organized the pump sold their bags on everyone who is just buying in on the hype. It's good that people are coming together for a common cause, although of course someone has to get burned in order to achieve this feat. Not everyone on reddit will walk away as winners and someone has to bear the losses, that's for sure.
If it's for the purpose of making the rich cry and beg, why not? The main point of this act from Reddit users is to make a fool out of the Wall Street Bankers anyway, so I don't see why they'd feel awfully bad about losing some money, especially if it's for a cause like thiz.
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