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2581  Economy / Economics / Re: Introducing a state-issued cryptocurrency on: December 26, 2021, 09:26:11 PM
Union Finance Ministry has take a decision on a state-issued cryptocurrency soon but ban all private cryptocurrencies. The VHP leader had sought a ban on all cryptocurrencies alleging its usage to fund terrorism, drugs and other 'anti national activities'. As all private cryptocurrencies are still not considered as legal tender or coin in India, but the govt may introduce an official digital currency in India.

I think its a good decision by government.. What you guys think about it?

I think this completely destroys the idea of financial freedom- in why why BTC was created in the first place. The idea of having a "state-issued cryptocurrency" but banning any other cryptocurrency equates to the idea of forcing someone to use a specific cryptocurrency in a country. Bitcoin was created in order to avoid any third-party consensus in handling our transactions- so again, this completely shatters the dream of Satoshi of having to attain financial freedom.

I doubt that this is a good decision of the government given that it equates to no other than having to use fiat, where you are subjected to use a specific cryptocurrency while banning others.
2582  Economy / Gambling discussion / Re: Crypto gambling rating 2021 on: December 26, 2021, 06:22:43 PM
I'm supporting the casino I'm promoting Duelbits they have good feedback from the community so far no complaints or accusations until now, they have huge giveaways almost every month, and they have one of the longest signature campaigns 64 weeks with 72 participants it's everything that you're looking for a reputable casino, They set up a good standard.

I wholeheartedly agree with this statement.

From all the gambling sites that I have encountered and visited, duelbits seemed to be the most trustworthy (relatively) of all. No complaints, an active campaign signature being promoted in the forum, and an active staff make it truly a safe haven for aspiring gamblers who wish to try out their luck. In addition, I also recommend blackjack.fun as it is also being hosted and promoted in the forum with an active forum representative.
2583  Bitcoin / Bitcoin Discussion / Re: When and how did you discover Bitcoin? on: December 26, 2021, 06:14:17 PM
One thing that kind of drives me crazy is I don't remember exactly when or how I discovered bitcoin.  I know that it was either late 2013 or early 2014, but I can't specifically remember when or how.  I have a few email records from late 2014 which prove that I knew of bitcoin from back then, but they do not provide any clues as to how I discovered it.

So how about you, when and how did you discover bitcoin? What were your initial thoughts?  Did you think negatively of it at first discovery and change your mind, or did you always think it was a great idea?

I was fortunate enough to discover BTC back in 2017 where its price was around ~$2,000ish. Unfortunately, I was not able to take advantage of its price since I almost withdrew most of the BTCs I earned from campaign signatures in order to pay for my educational materials.

While some may have doubts as to its existence, the best time to really discover BTC is when you actually discovered it the first time, whether it be today or the past week. What matters is that once you discover its existence, it is imperative that you purchase some for long-term investment due to its inflationary and volatile nature.
2584  Economy / Gambling discussion / Re: [Boxing]: Thurman vs Barrios - Feb 5 on: December 26, 2021, 04:10:26 PM
So after Barrios gets KO by Tank Davis, he decided to go up to the welterweight where in there's a lot of big puncher? The only reason I can think of is that he really is too big for 140 lbs and there's no way he can make that weight in his next fight.

For Thurman, it's been a long layoff away from boxing, but yes, probably this is a cherry pick fight for his comeback. Because admit it or not, Barrios can't take his punches so Thurman has all the advantages in this fight.

After the fight between Pacquiao and Thurman, I gained nothing but respect to the latter. He definitely handled the loss professionally- and his comments about the entire fight were really respectable on his part. After checking now the past records of Barrios, you are definitely right on your analysis.

As much as that I really prefer betting on the underdog on boxing, my bet would definitely lean towards Thurman due to his destructive power and hunger for a comeback. I really doubt that Barrios would be able to snatch the victory here but who knows!
2585  Other / Beginners & Help / Re: How can upload pictures bitcointalk thred on: December 25, 2021, 06:42:34 PM
How can upload pictures bitcointalk thread ?

In addition to the guides provided by most people, I highly suggest using https://postimages.org/ as your website if ever you feel the need to post some images.

The reason on why I recommended this website is due to its convenience and functionality where you can resize your image without having to put additional options. For example, you can adjust the width or height of the image if you input commands (e.g. width=500, etc.); but if you were to use https://postimages.org/, there is the option of adjusting it automatically depending on your likeness.

2586  Economy / Economics / Re: This why wall street are rich and you are poor on: December 25, 2021, 05:58:34 PM
Getting loan for investment is not always the best investment idea. Yes you can be lucky to profit in it but if you are unlucky then you blame and regret because you are going to pay back even from no where. Cryptocurrency is very risky but lucrative however you can't trust it to get a loan for investing in it. People succeed in it but not all the time, if you miss the buying and selling times then it will stay as loses for you. But it is better borrowing to buy landed property because lands always appreciate in value.

Man, getting a loan in order to enable a person invest is like digging through your own grave. Remember that investing money using a loaned money may not be a good idea due to the nature of such transaction. It can either make or break your entire investment life since it could put you in debt in your entire life.

Though there are risks that we need to take in order to elevate our financial situation into another level, this kind of risk is just too much for someone to handle, given that if you are already drowning in debt, it is better to explore alternative methods rather than to risk another debt incurring.
2587  Economy / Gambling discussion / Re: [Boxing] Errol Spence Jr vs. Yordenis Ugas 3-Belt Welterweight Unification Match on: December 24, 2021, 07:32:10 PM
I read that Ugas is a feared boxer in the 147 lbs and no one wanted to fight him. So maybe this is a step up fight for Spence, and after his surgery it looks like he is back to have another challenge and their belts are on the line.

I do hope that the winner of this will fight Crawford for the unification. Hopefully it will be Spence as the hype has been building up for a Spence vs Crawford fight.

I think many people somehow underestimated Ugas (me included) when he faced Pacquiao on the ring. As much as that I was rooting for Pacquiao to win, maybe it was the latter's time to call it quits as he showed rusty on his fight. But we got to witness the destructive power and metal chin that Ugas had against his fight with Pacquiao.

Though Spence Jr. may be undefeated, I also do think that the fight will not be easy against them. If I were to bet, I would somehow bet my money on Ugas due to the talent he showcased against his fight with Pacquiao.
2588  Economy / Economics / Re: Sharing and helping others on: December 24, 2021, 07:08:33 PM
People who say that BTC is a scam are those classic examples of who do not research the entire thing. They primarily rely their sources through social media or influencers who attempt to destroy the reputation of BTC in the process.

I remember back in the last quarter of 2017 where the price of BTC reached an ATH of $19,000, people were screaming that BTC was legit. But when its price dropped on the following month of 2018, people who invested on its ATH shouted and spread word that it was a scam. Unfortunately, there are people who invest without even knowing what they are investing on and they are the ones who complain that such is a scam.
2589  Economy / Gambling discussion / Re: Stake.com & responsible gambling? on: December 24, 2021, 06:32:58 PM
I'm hoping that you'll recover wholly with what you're going through. You can unsubscribe from their email if you don't feel like receiving them anymore since you're into recovery. As said by the support you're talking with.
You can either block or unsubscribe.

What your experiencing OP is completely understandable given that there is this lingering feeling that might convince you to gamble again. That is why, any signs of gambling may trigger your addiction, which can thus ultimately pull you back towards this harmful and dangerous vice.

Like what blockman mentioned, you may opt to unsubscribe from the email that you registered under stake.com. If they seem to continuously bug you and send you promotional emails, you may also contact their representative here in the forum for quicker and faster action.

I wish you nothing but the best in combating your addiction, OP.
2590  Bitcoin / Bitcoin Discussion / Re: Which part of Bitcoin do you think it's the hardest to understand? on: December 24, 2021, 06:22:07 PM
Anything that involves mining and its technicalities. To be honest, I tried reading books about cryptocurrencies but the technicalities on the blocks, mining hashes, etc. seems to be out of this world as they have their own language.

I am completely amazed by people who comment and post threads under the Mining, Development & Technical Discussions board like they have their own language. They seem to understand completely the technicalities, technology, and process behind it. I tried understanding and reading books about it but it always left me baffled on the process.
2591  Other / Beginners & Help / Re: How to identify some scam websites. on: December 24, 2021, 01:52:04 AM
To add an extra layer of security, you can also utilize the search bar function on the forum to check if someone had already reported such fake website/giveaway.

Normally, there are accounts who continuously report these types of scams in under the "scam accusation board" where they post all the fake giveaways done by scammers. This will not only contribute to the support of reporting these scams, but you may also report them yourself if no one reported them. Not only do you help the forum grow, but you also help other curious users/beginners in preventing any scams.
2592  Economy / Economics / Re: Dont just borrow money but for the right reason on: December 23, 2021, 03:47:54 PM
Not every rich people made returns from their every investments, I read somewhere the best ever and most successful investor of all time who is Warren Buffett even have the success rate of 6 or 7 out of 10 means you can still lose no matter how good your investment plan is. Never borrow money to invest, just make money and start investing. Life is simple but don't complicate it with things which you can't actually control.
Another thing is to learn to diversify our investment. Diversification is very important but a lot of people never knows that. Like you said: Warren Buffet has the success rate of 6 or 7 out of 10, showing that he doesn’t just invest his money in one, but different assets. Imagine he invested only in one, and that one investment happens to be the one that is not successful, what will he do?

Another very important thing that we need to learn is how to know the right projects to invest in. You have to be able to tell the good ones that are more likely to succeed in the market, if not, it’s going to be a waste of time diversifying. I have seen people who invested in different assets and at the end of the day 90% of their portfolio was a loss.

Investing may look simpler but it needs lot of work in our mind to have better success rate, ofcourse diversifying is one of the important factor we should follow to reduce the risk of losing our capital.

What I feel is many people invest on something without prior knowledge because someone said it will give good returns which is completely wrong and you will regret it, so invest on only thing which you have enough of knowledge no matter it is a company or business or cryptocurrency.

The process of determining which 'instrument' to invest on requires tons of patience, knowledge, and research in order to minimize the risks of losing your money in the process.

Remember that as investors, you must determine whether you aim for short or long-term investments. If you choose the former, it necessarily follows that you have to keep track of the market on a daily basis to earn income. But if you chose the latter, you may somehow rest easy and HODL for long-term which inevitably garners profit on your end (this is primarily basing the price history index of BTC).
2593  Economy / Gambling discussion / Re: Betting to Risk Free Fights on: December 23, 2021, 02:24:18 PM
What really is risk free fight? Such thing does not exist. One punch or kick or minor injury can spoil any risk free bet. Recent UFC fight between champion Amanda Nunes (former champ already) vs Julianna Pena is good example. The odds were like 1.4 for Nunes and 7 for Pena. Nunes was dominating first round. One punch from Pena in round two and Nunes did not manage to get together. As a result, new champ and those who bet on Pena got nice cheque.
Thats how upset works and we know that it does exists and could really happen anytime on a strong and highly favorite against underdog thats always been the risks as a bettor on which you wouldnt know on when

those lucky punches or kicks would really land out or to those other sports as well on last minute kind of move which make those underdogs win.I dont really see on those claims about risk free fights because

whenever you do deal with gambling then this is something which you would be mainly facing on and you cant really get rid nor able to remove the risk unless if you are dealing with fixed matches.

I do feel like there is no such thing as a "risk free fights" based on the example that you have provided.

As much as the odds may seem to be in favor of a particular person due to the enormous advantage that they have over their counterparts, there is always that possibility of a 'lucky strike' (like the one you mentioned) from happening. Basically whenever a person bets, he puts himself in a situation where he accepted that anything could happen. There can be no "absolute" result from a risk free fight in a betting scenario- or else that would definitely make everybody rich from betting.
2594  Bitcoin / Bitcoin Discussion / Re: Btc hodlers vs short time traders on: December 20, 2021, 07:47:41 PM
Depends on your preference. There a lot of things to go wrong when you're trading, it solely depends on your actions, your experience, psychology etc. Some people get too emotional, it's definitely not for everyone, at least I prefer to avoid it. I mostly panicked when I was trading, and kept worrying about my investment and my actions.

On the other hand, holding is an automated, autopilot method, which so far, has been proven to work.

There was an article that I read that 97% of beginner traders lose their money on the process of their first trading experience, while the other 3% earned as much as a bank teller. It goes to show the complicated system and complex ideas that are needed in trading in order to profit. While there may be experienced traders, there are also newbie traders who lost most of their resources due to impulsiveness.

HODLing may be considered one of the better ways of investing. If you prefer not to do any hassle task, then this method may work either short or long-term since you only need to be aware of the initial investment you entered, while cashing out the excess- which would yield to profit.
2595  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: December 20, 2021, 07:31:10 PM
Could be but he signed a 2 years contract last year so his intention was to continue.

Keep in mind his salary, if he will retire he will give up to 30 million € and it is a huge amount of money.

Hopefully you are right. I want to see Hamilton vs Russel racing next year with Mercedes. Could become interesting if Russel can take the lead after the first grand prix races with the same material.

I think I read an article stating that getting Russel to Mercedes was a form of a risk on their part. Instead of being a wingman to Hamilton, Russel might actually compete against Hamilton in the next season. I just really hope that it does not become Nico Rosberg part 2 where their friendship got ruined by being too competitive on the scene.

I also doubt that Hamilton will retire anytime soon especially that the next season would introduce significant changes to the f1 car. All drives would be able to experience a new type of racing in a new type of car design.
2596  Local / Pilipinas / Re: Ano ang dapat isaalang-alang ng gobyerno upang ganap na tanggapin ang BTC? on: December 20, 2021, 06:42:28 PM
Una diyan isipin mga dapat ,muna bago matanggap ng government natin para sa crypto.Nangingibabaw ,sa lahat dyn sympre,papayagan ng ating bansa pag ito'y magbubuwis at maliban dyn pag-aaralan o susuriin mabuti bago papayagan magamit at maging masurinang lahat para sa gayuman pa man lahat makikinabang at magagamit sa tamang proseso.

In the event na mag implement ng batas ang Congress for taxing purposes, baka mas magbigay pa ng harm rather than good ang pag-tanggap ng BTC. Ang dahilan kung bakit sumisikat ang BTC ay dahil sa financial freedom nito. Kung sakaling may buwis to, baka mas piliin ko na lang mag stocks rather than BTC kasi mababawasan ang earning income ko dito.

Pero in the event na gumawa ng batas ang Congress na itatax ang BTC, hopefully may nationwide implementation sila nito para naman may compensation ito sa bansa.
2597  Economy / Gambling discussion / Re: [CHESS] World Championship 2021: Carlsen Vs. Nepomniachtchi on: December 20, 2021, 06:32:58 PM
Yes I agree too, it is always exciting to see the top  players play each other, especially
numbers 1 and 2, but it doesnt always work out like that and it is not a guarantee
that it would produce the best matches, and this is true for all sports really.

Does Carlsen mean he wants to play Firouzja at some stage in the tournament
or in the final? surely he cannot make demands like that?

Carlsen wanted to play against Firouzja in the next WC classical championship match since he sees the potential of him being the next world champion. If you would see the games that Alireza played, he performed exceptionally well especially that he became the youngest player to break the 2800 rating.

Of course, Carlsen CANNOT make any demands like that but he certainly may inspire Alireza to perform better so that the latter could participate in the next candidates next year. Like what Magnus mentioned, he is undoubtedly looking forward to play against him.
2598  Economy / Economics / Re: How far is bitcoin from full adoption (100% mass adoption)? on: December 20, 2021, 06:17:39 PM
I think I can pick 10% rate of adoption so far. For now just few countries have made full move to adoption and also few institutions have allowed for bitcoin in their platform. Until a reasonable amount of countries starts proper adoption, hopefully from next halving.

I think 10% is the right answer in terms of mass adoption.

Remember that in order for something to be recognized, it must be categorized as legitimate in a country. If you want to see BTC being mass adopted worldwide, then it has to survive the issue of acceptability and absorption in a country. Though this may seem possible, I highly doubt that 100% mass adoption would happen even in the far future given the nature of BTC providing anonymity and freedom in transactions.

Remember that the government wants and needs control over its finances. They see cryptocurrencies as a threat to their absolute control which would hamper and reduce their effectivity.
2599  Other / Beginners & Help / Re: Do's and Don't in the Bitcoin forum. on: December 20, 2021, 04:13:09 PM
What do you mean by shit post if I should ask ?

While the term 'shit post' can mean a lot of things, generally it includes posting that is irrelevant on the subject matter. This also includes posting plagiarized content, replying with no sense at all on the subject matter, spamming, etc.

Unfortunately, there are newbies who are so inclined to ranking-up that they tend to spam throughout the entire forum. Remember also that quality always beats quantity in terms of posting. If your goal is to rank up, then better post content that can be further discussed by people in the forum rather than posting something that has been shared dozens of times already.
2600  Economy / Economics / Re: Advice for the season. on: December 20, 2021, 03:46:12 PM
Don't bend to societal pressure of over spending during this festive season, make serious plans for the celebrations and the coming year, Don't fall into the trap or bend to the pressure of selling off a percentage of your cryptos to  spend this festive season, a new year is coming. January is usually a long month that carries along a lot of expenses, make plans and preparations now for tomorrow, spend wisely today.

This depends on your goal as an investor and for your long-term plans. Remember that every investment is soon to be withdrawn and cashed out as fiat. It depends upon the purpose on which the investor has allocated it for. For example, you invest in order to purchase something in a given date; or you invest for future expenditure.

Many investors have already cashed out some of their investments due to this season. While it is advisable to HODL your cryptocurrencies for long-term profit, I also do not see the problem of converting them to fiat if it is for a purpose that they think that is beneficial to them.
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