I don't want to read this article. There's no point. 1.Who is talking about "miners dying"? Some miners are leaving the business, while others are joining. The same applies to every industry. 2.The governments would rather ban crypto mining completely, instead of joining the mining industry and investing millions of taxpayer's money into mining equipment and facilities. 3.AI data centers would pump the electricity prices, so cheap electricity might become a thing from the past. This might bring lower profits for the crypto miners, but I think that the mining difficulty will be adjusted, since more of the miners would stop mining. 4.I totally do not care who is "mining my transactions". Should we even care about this? |
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My conclusion is that DCA is impossibly superior to speculation and trading. Sure, your chances of making big money are diminished but for that tradeoff you forego all the costs that come with speculation and trading. With DCA you set it up and you can go and live your life peacefully. Remember, the most valuable currency that you have is time.
Some people have high risk tolerance, while others have low risk tolerance. Risk lovers would never prefer a peaceful life. I don't believe that DCA is some sort of long term financial panacea. DCA comes with the implication that the BTC price will keep growing forever(which might be true, at least in the next 5 years or more). Nobody knows how Bitcoin will perform after 10 years. Yes, there are speculators on the crypto markets and most of them lose money. We also know that most gamblers lose money, but the gambling industry is thriving and the amount of new gamblers is growing. The same applies to the financial markets. Most newbie traders believe that they will succeed at timing the market and making a ton of money in no time. The amount of greedy and delusional people around the world can never be underestimated. Dollar cost averaging is the safe and boring option, but day trading is anything else but boring. |
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does the comfort of a casino add to how much you want to gamble? i have been thinking that the services of a casino to make you feel as comfortable as possible are they only tactics to keep you in longer inside the casino and spend more?
but what about those not so expensive casino or betting sites? there’s usually no air conditioning unit, it’s small and cramped but there are still people who go there to bet maybe because the desire to bet is higher than their desire for comfort
is comfort a big deal to you when gambling?
I simply don't visit land based casinos. There's only one land based casino in the town where I live(a small town with a population of approximately 7000 people). The casino is located under a restaurant and it looks like a basement. There are several slot machines and one poker table. As you can tell, there's nothing luxurious, but I used to see more gamblers visiting that casino in the past. Nowadays, there are little to no gamblers visiting my local casino. Maybe online gambling had a significant role in reducing the amount of active offline gamblers. Yes, a land based casinos must look really nice and luxurious. This definitely helps for gathering more players. Having all that fake "high social status" atmosphere inside a casino is a great marketing gimmick. |
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The USA is no longer a "promised land", that provides endless opportunities for the poor and the oppressed. I've never lived in the USA, but I think that the "American dream" is finally dead and life in America sucks(and things are about to get worse). Obviously Trump wants to convince more rich people around the world to come to America and invest their money in the US economy, but I highly doubt that the USA is still being viewed as a "Paradise". The world is full with "tax heaven" offshore jurisdictions. If I was a very wealthy guy, I would prefer a "tax heaven" island over the USA.
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I see how someone could create and sell some "magical AI price prediction bot" or "miraculous AI gambling bot" and make a ton of money.  There would be thousands of buyers ready to waste their precious money on such "snake oil" garbage. Don't sell gold, sell shovels to gold diggers. In this case, the shovels won't work... Will such AI bot work in the long term? Probably not. What if a million AI bots make the same prediction about a price movement, but the prediction goes wrong? AI predicting the outcome of gambling games? Not going to happen, if you ask me. How do you think AI can predict the results or games, which are supposed to be random? If all results are random, patterns cannot be formed and there's no way for proper analysis and forecasting. |
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We can see the impact of artificial intelligence in our time, and I think it is playing a vital role in society. As artificial intelligence gets more advanced, it will disrupt jobs and economic stability in the future. Right now, the unemployment rate is very high, and with the advancement of artificial intelligence, it indicates that most jobs will be replaced by artificial intelligence, which will definitely increase the level of unemployment and may also affect the economy because people will be left stranded without jobs.
This is a time to stack more bitcoin and hold for the future when most jobs will be replaced by artificial intelligence. This might be the last chance for people to easily stack bitcoin because in the next five years, it may be very difficult to secure financial sovereignty. The future labor market is one where artificial intelligence is not just competing with humans but replacing them. The struggle for employment is already a tough one, and I wonder how humans will be able to cope in the future when artificial intelligence plays a major role. It is very important to stack more bitcoin and prepare for the next phase of life as it rapidly advances.
Staking more Bitcoin doesn't seem like an effective long term plan to me. You might accumulate more BTC, but what happens when the market crashes? What happens when you become unemployed for months or even years and you start spending your BTC holdings? The right strategy would be to adapt to the environment. Try to learn how to utilize AI for your own benefit. I'm sure that AI can definitely increase your productivity(if used correctly). Many employers are going to hire people, who are trained to use AI. Some people think that AI will destroy the human civilization in 5 years, others think that AI is overrated. I don't know what is going to happen in the future. The future seems uncertain, but we can't just give up and do nothing. |
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That's an interesting question. You know what the rapper 50 cent had as his first album title "Get rich or die trying". I'm a little bit of a coward(or maybe my survival instinct is too strong) so I might refuse to play such game and I'm not sure who is going to pay out the prizes. What casino on earth could possibly offer such game? There would be no profit for the casino, even if many gamblers pay for the 100 USD ticket. Also I'm pretty sure that no government around the world would ever license a casino game, where one of the options is "death". The hardcore gambling addicts would most likely choose to play such game. That would be an interesting existential dilemma for them. Win lots of money and spend them on gambling or end your life, instead of living with the burden of gambling addiction. |
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Those who acquired bitcoin in early days got larger share in less price. Later when there are very less bitcoins left to be mined and prices are astronomically high, it will be hard to acquire even fractions of bitcoins. Where is equality concept associated with bitcoin then ?
Even if the price of Bitcoin becomes astronomically high, the people would still be able to buy several satoshis. The price of one satoshi would never exceed 1 dollar. Those, who acquired BTC in the early days probably never expected that the BTC price could reach 120K USD some day. Equality doesn't matter when we are talking about financial assets and currencies. Any financial asset or currency isn't supposed to be equally redistributed among the people. Even if there was such asset, some of the holders would decide to sell and others would decide to buy more, which would eventually lead to the concentration of the asset in less hands. |
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Are you usually an anxious person? I wonder if being anxious makes you more susceptible to being addicted to gambling or no?
If you are always worrying, would you not be able to take risks as confidently as others? Won't you just stay in your safe zone and miss out on opportunities that could have given you bigger wins? Or maybe some people tend to forget about their anxiety from gambling because their mind gets so numb playing?
Has gambling treated your anxiety or has it made it worse?
I have social anxiety and gambling has no positive nor negative impact over my anxiety. Online gambling isn't particularly social so I don't have to be facing the issues of visiting a land based casino and having to interact with other gamblers. I'm a pretty moderate gambler, but I don't think that my anxiety has any influence over my gambling actions. I'm not overconfident and maybe that's why I don't take huge risks. Risk management shouldn't be related to someone's personality. I also don't view gambling as a way to escape from my existential problems. Gambling is just a fun way to spend some time and money. Nobody can escape from his/her existential problems by spending money on the casino. |
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In my country, it is pretty common for parents to have kids then think that their kids are their hope. That is because they get kids without being financially ready for it yet and then they just eventually hope that when their kids grow up they will be the ones to build wealth for them. But is having kids the reason why people end up financially worse over the years? Do not get me wrong, kids are a blessing but realistically speaking they are expensive. Is it fair to yourselves and to the kids to have kids just to leave it up to them to be wealthy and let them grow up through hardships?
I don't want to have children because: 1.Raising children is very expensive. 2.You have to get a woman first, and not just any woman, but a woman, who will be by your side for the rest of your life. "Divorce rape" is a common thing in the western world and nobody would want to ruin his life in a toxic marriage and end up losing half of his assets in a divorce. 3.Thinking that you kids will take care of you financially seems like a little bit of a stretch to me. Your kids will have mortgages to pay and they might also have their own kids(and raising children is expensive). I can assume that you live in a traditionalist country with a higher birthrate. I have the feeling that things will change in the more traditionalist countries and inflation would slowly ruin the birthrates there. |
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we know that gambling rates has gone up because of the accessibility of online casinos. is gambling addiction worsen by social media? we know how people can be influenced by other people posting on social media. from products to services, so it is not too far off to assume that gambling is part of it. when an individual start posting about how he is able to win in a specific casinos, there would be a hundred other people wanting to play in that casino.
are you easily influenced by social media? do you think this is healthy? are other vices like drinking, smoking and etc worsen because of social media?
Everything is worsen by social media. Communication between the people. Dating. Politics. The consumerist society. I cannot think about something, which was made better by the social media platforms. Everything is toxic and filled with pointless drama. Online casinos would've been accessible even without the social media. If social media platforms didn't exist, there are other ways to promote an online casino. Maybe you should put the blame on the internet, not just social media. This is the era we live in. Everything has become more accessible. Porn, drugs, gambling, etc.. All the bad sh*t is easily accessible because of the internet. Should we shut down the internet because of this? Hell no. |
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Receiving and HODLing "tainted" BTC isn't supposed to be a crime. You did nothing wrong by getting "tainted" BTC in your wallet.
If you are really having "tainted" BTC in your wallets, the authorities must interrogate you about the way you obtained the coins and that's all.
You can't be put in jail just because you have "dirty coins". Confiscating the "dirty coins" isn't supposed to be legal(but I'm not sure about the legislation in some countries). Everyone is innocent until proven otherwise. Maybe the world(or the western judicial systems) are going to transition into a more totalitarian court system, but this won't happen in a year or two. A good lawyer would do a great job against such "dirty coins" BS.
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An egalitarian society is a situation in which everyone is considered equal in both economic, financial and social status.its a concept that emphasizes the importance of social equality, aiming at removing economic inequalities.its indeed a classless society where there is no rich,semi-rich or poor.
If I have $1,000 for instance every other persons will have same.everbody is equal financial stable.nobody is richer to another.
Do you think such society is attainable before the end of the current generations as proposed by great economist.
There's an egalitarian society in this world... North Korea, but there's a problem. The dictator and the governing class(the military and the members of the Korean labor party) are privileged, which means that the North Korean society isn't truly egalitarian. A totally egalitarian society cannot be achieved in real life, because the mediocre and lazy people cannot have the same income and wealth as the competent and hard working people. Maybe in the distant future, the world will be governed by super-AI and all the people would get a Universal Basic Income, while all the work will be done by AI robots. This would be the closest thing to an egalitarian society. |
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Doomscrolling is a brainrot activity, but at least you don't lose any money doing it. Of course gambling is the worst form of addiction, because it can ruin your financial situation(not only yours, but your family's financial situation as well). I can say that I'm not addicted to doomscrolling. I did it a couple of times and it's extremely boring. I don't get any dopamine boost out of it. Watching an informative video on Youtube is way better than pointless doomscrolling. I don't know why do you have to compare it with gambling. There's nothing in common. Social media freakin' sucks. I've used Tik Tok for a while and I've lost any interest in this piece of crap social media platform. Gambling is a better(if done with caution). |
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There are a lot of new investors in the space currently. Almost everyone now knows of bitcoin. Some too well while some maybe not too much. But for the people who buy bitcoin, I am sure we all have different reasons for wanting to buy. Does the intention why you bought bitcoin in the first place matter?
I would say yes. If your intent is to keep up with the trends and make easy money then you are most likely to give up immediately and be attacked by FUD easily. But if you truly believe in bitcoin and its fundamental characteristics then you can stick with it against the bear market.
Nah, there's only one reason most people buy Bitcoin. Price growth. Imagine that Bitcoin price being stagnant(which means BTC will be losing value). Would anyone buy this asset/currency? I don't think so. Intentions don't matter. What matters the most are results. Even the most hardcore BTC HODLers could decide to sell. The people, who get scarred away by FUD are going to lose money, but this is good news for the experienced traders, who are making profits out of other people's losses. The crypto markers are a zero sum game, just like the stock market. I don't "believe in Bitcoin" as if Bitcoin is some kind of religious cult. I believe in common sense and proper market analysis. If you think that Bitcoin is some kind of religious cult then you are no different than the brainwashed Gamestop shareholders. |
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It seems that Paypal would implement P2P crypto buying and selling only for their US customers. I'm not a US citizen, so I won't be able to enjoy the "benefits" of a crypto Paypal account. I still don't trust Paypal and I wouldn't deposit or buy any crypto inside a Paypal account(even if I had the opportunity, which I currently don't have). I'm sure that Paypal would start freezing crypto accounts in no time. It would be funny if crypto transfers between Paypal accounts get reversed due to chargebacks. After all, Paypal is notorious with all the refunds and chargebacks. This is why most sellers hate that company, but there are millions of buyers, who are still using Paypal, because it's so buyer-friendly. Just treat Paypal as a centralized crypto exchange and never keep large amounts of crypto in a Paypal account.
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Tomorrow morning in my country, there are too many UCL matches I want to watch.
Bayern Munich vs Chelsea
Liverpool vs Atletico
PSG vs Atalanta
What are your predictions? I want to place a bet. At least I can take advantage of this moment so I don't lose. I'll probably bet on the home team to win with odds of 1.65. Or maybe I need to add four other UCL matches. But I'm a little hesitant because my money is limited.
The most obvious bet is to put money on Bayern, Liverpool and PSG winning. However, there's always the risk of one of those matches ending in a draw. I don't want to bet on amount of goals, but I have the feeling that Bayern, Liverpool and PSG are going to score a lot of goals. I'm not giving any betting advice. You can do you whatever you want with your money. Bayern seems really effective at attacking and scoring goals, but maybe the other Bundesliga teams are just too weak to compete against the Bavarian team. The Champions league is on another level compared to the Bundesliga. Chelsea didn't impress me at all in their Premier League match against Brighton. Atletico is a very tough opponent, but they also show a not-so-consistent performance in La Liga. PSG would definitely win against Atalanta. |
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Isn't this yet another "Bitcoin will save us from wealth inequality!" type of forum thread? Bitcoin exists for more than 15 years. Does it reduce inequality around the world. NO. The early adopters and some investors became extremely wealthy, while the "average Joe" is still in the middle class or the working class. Thinking that the financial markets would solve inequality is simply stupid(the crypto market is a financial market).
Most western countries have progressive taxes, which are supposed to tax the rich with a higher tax rate. I find it weird that progressive taxes aren't helping for the reduction of inequality anymore.
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It is no news to anyone that a large share of all signature campaigns on this forum are occupied by casinos. Many users of bitcointalk carry signatures of these very casinos, and therefore receive a reward from the casino (through the campaign manager).
In connection with the tightening of regulation (when bitcoins in exchangers are marked as "dirty"), I have the following question: have you encountered the situation when your BTC-transactions received as a reward for participating in signature campaigns were marked as "dirty" and you had difficulties cashing out bitcoin into traditional money?
For example, this may be due to local regulation (prohibition) of casinos or casinos without a license.
Have you ever had cases of bitcoin being marked "dirty" because it is bitcoin from a casino address?
NO. I've never had any problems selling the BTC I got from gambling sig campaigns. I've heard horror stories about Coinbase blocking accounts, because the user deposited crypto coming from casino/gambling accounts. I don't know if this is true, though. Getting paid by a sig campaign is not the same as withdrawing crypto from a casino. Sig campaigns are basically marketing and you are not performing gambling activity by having a forum signature of a crypto casino. I don't see anything illegal in this. I get the point that some countries might have strict anti-gambling regulations, but it's hard to believe that their regulations might force crypto exchanges to block cryptocurrencies, which were marked as "dirty" simply because the user got them from a crypto casino. |
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Individual Societal Global
▪️ Since they are saving Bitcoin, they will focus on saving as there is no fear of inflation. ▪️ If an entire generation starts thinking about future expenses, long-term investment will increase ▪️ The more a nation adopts Bitcoin, the more stable its economy will be in the future
▪️ Low Time Preference, that is, keeping future expenses in mind, will ensure the financial security of their next generation ▪️ Bitcoin changed the consumerist culture of society during the introduction of fiat currency The circle will have dead costs and a future-oriented culture ▪️Low Time Preference, meaning that those who store wealth in Bitcoin with future costs in mind will have a much stronger economy than those who believe in fiat. 1.I totally do not agree with the statement about Bitcoin changing the consumerist culture. Consumerism is still strong in the western world(especially the USA). "Buy now-pay later" services are growing. People are financing the purchase of a hamburger. This is the dumbest form of consumerism I've ever seen and Bitcoin doesn't change anything. 2.With investing in BTC comes fear of price volatility. The fear of inflation might be lower, but the fear of volatility is stronger among the newbie BTC investors. 3.El Salvador had adopted BTC for a while. Do you really think that the economy of El Salvador became more stable? I don't think so. AFAIK, El Salvador had to dump BTC as a legal tender in order to get funding from the International Monetary Fund. |
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