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2761  Economy / Economics / Re: There are many online jobs out there. Crypto Opportunity. on: November 04, 2021, 04:46:18 PM
There have always been 'online jobs', and individuals with skills have been harnessing such opportunities, the thing is, if you want such jobs, it goes way more than just 'surfing' the internet, the first step is working on yourself, acquire necessary and sought after skills, when you have these skills you can now look for something online to do, it makes it a whole lot easier then, there will always be opportunities, but it's for those willing to take extra steps.

I definitely agree with you.

If finding an online job is a straight line, then many would have attempted and be successful on their first try. Unfortunately with the pandemic affecting most of the livelihood of people, the competition gets tougher along with a massive pool of applicants. If I were a businessman, I would hire the best of the best employee to do his work.

Though I do agree with you that people should take advantage of this opportunity. While the pandemic might be considered the 'new normal', people must adapt and adopt new skillsets that would garner them the edge in earning more online.
2762  Bitcoin / Bitcoin Discussion / Re: JP Morgan believes Bitcoin is Overpriced on: November 04, 2021, 04:22:41 PM
JP Morgan analysts say bitcoin's most probable price outcome is to never hit 100k as it is terribly overpriced.  JPMorgan Chase & Co. strategists recently released a report where they mention that Bitcoins's price is overpriced and for it to hit the 100k mark it would need to have volatility decreased. They point out that Bitcoin is now being traded above 60k but the true price for Bitcoin should be $35k.

What do you guys think about this?

 

Everyone believes that BTC is overpriced, yet people kept on buying and purchasing it as an investment mechanism. The problem with investment firms such as JP Morgan, they have an underlying conflict of interest with BTC that makes them oppose to such view. Remember that these firms have one thing in common- to earn money. Anything that hinders their growth will create this sort of statements against such.

To be honest, the value of BTC is derived from the law of supply and demand. Since people are willing to acquire BTC at such price, it is obvious that its price would increase.
2763  Economy / Gambling discussion / Re: 2022 NBA Season on: November 04, 2021, 01:48:25 PM
Watched the game between GSW vs Hornets and I was literally blown away by the team chemistry of the former. During the whole game, it slightly reminded me of Spurs basketball in 2014 where they were so liquid in their passes. Like every player stepped-up especially Jordan Poole and his confidence in his shooting. If Klay and Wiseman were to come back, they will surely be a threat to every team.

In addition, the Nets played so well earlier considering that James Harden made 10+ assists. He showed his playmaking and unselfishness on the court with his IQ and vision. When he needs to score (especially on the 3rd quarter where they were tied 75-75), he will step-up and assist Durant!
2764  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: November 01, 2021, 06:25:55 PM
Bitcoin is not backed by any physical asset like Gold nor by any fiat currency. It makes me wonder if I should invest/trade in Bitcoin or not?

Bitcoin does NOT have any extrinsic value since its nature exist on the internet. Unlike gold, real estate, or precious metals, they have extrinsic value because of their nature being tangible. But what separates BTC to other investment is its use being as a currency under the blockchain technology where you could transact with anonymity.

The value of BTC derives from the law of supply and demand. Since people are willing to pay for it at such price, it is obvious that its price would continue to increase in the market. Not to mention, it only has a 21 million supply that can cause inflation in the long-run.
2765  Economy / Gambling discussion / Re: Poker Tips- what kind of strategies do you use when playing? on: November 01, 2021, 06:13:03 PM
Poker is very interesting game with different strategies in playing, it is not just game one play with luck, it is a game that requires skills. I so much like  the game and it been awhile I played since, having it in  mind to go for training anytime soon.

Unlike most of the gambling activities present in casinos, poker is one of the few exceptions to the game of luck. Though poker may seem to be reliant on luck, it also involves a game of technique and skill in predicting the cards of your opponents (relying on probability) and bluffing. The art of bluffing is a very complicated technique that all factors must be considered before the player can accurately use it to his advantage. However, it may backfire depending on how often a player uses it.

I remember I took a master class of Poker by a guy named Daniel Negrano (can't remember if i pronounced it correctly) he has been the champion in tournaments for quite some time and he's still around playing on big tables.

When I used to play Poker I bluffed a lot, It didn't end well for me, I lost around 200$ years ago playing poker which doesn't now.

Then I reduced bluffing and started learning about the game watching Negrano's course, which I still haven't finished.

Daniel Negreanu- considered to be one of the best players in poker! Remember that the art of bluffing is a very complicated technique where a hard and absolute rule does not exist. It must be studied and used on a case-to-case basis as it depends on how your opponents react to other people's bluffs too.
2766  Economy / Gambling discussion / Re: The Gambling increase due to the pandemic, stats, UK on: November 01, 2021, 05:37:32 PM
- 63% gamblers noted an increase in time spent gambling.
- 62% said their gambling habit remained the same despite the laws being more losse for some areas
- 12% reported an increase in their gambling habit

These are just very unfortunate statistics and they reflect the impact of the current situation of COVID and gambling.

With more people inclined to stay on their houses, most are influenced by the sheer amount of ads on the internet which increases the chances of them being engaged into online gambling. The data shows concrete proof on how gambling has significantly increased and its popularity slightly increasing throughout the years. Despite the absence or loss of laws with regard to gambling, it continued to remain dominant in most areas.

To be honest, with everyone adjusting to this new normal, I do think that there will be a massive shift to a digitalized era where we would do almost everything on the internet space.
2767  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: November 01, 2021, 05:19:32 PM
I haven't been on that casino before but it's great that they achieve that award that shows that they not only care about their business but also care the health of all their players. I wonder what kind of health procedures or protocol they have on their casino I'm sure that it might be a strict one.

Because the casino is based in the UK and if you live there then there is no harm in visiting the casino. However, most casinos generally do not deal with personal matters of individual mentality and regardless of the gambler's advantage, that is not the business of the casino. Actually there are still some casinos that have initiatives like the ones in the UK, but not all of them can be experienced where we live.

Whoah this actually exceeded my expectations especially that this came from a gambling establishment.

Almost all businesses that I know derive their goal from profit alone. Even with their efforts of lowering their prices or offering free promos, they only have one thing in mind- which is to earn money and profit on the end. But the fact that this casino was awarded for their safer betting standards mean that they do care for the enjoyment, safety, and convenience of its players and users.
2768  Bitcoin / Legal / Re: Countries Where Bitcoin Is legal or banned. on: November 01, 2021, 04:23:14 PM
In the Philippines, BTC was categorized as neither legal nor illegal but it is subject to the regulation of our Securities and Exchange Commission. However, our Bangko Sentral ng Pilipinas (BSP). One of the famous cryptocurrencies here called 'Axie Infinity' (Mine coin) was strictly regulated by the SEC as it did not consider the popular Axie Infinity as a virtual asset service provider (VASP) and is critically monitoring how players are using and exchanging tokens or cryptocurrency assets known as Smooth Love Potion (SLP) as a form of payment and the extent of its merchant network. 1

In addition, BTC has been regulated strictly by our local exchange where large transactions have been closely monitored. There have been reports of some accounts getting flagged by our local exchange- that is why I am somehow nervous to withdraw my coins and convert it to fiat.


1 https://mb.com.ph/2021/08/30/bsp-closely-watching-axie-infinity/
2769  Economy / Gambling discussion / Re: Going for the Underdog or Not? on: November 01, 2021, 02:34:18 PM
When placing a bet you go for option that you are sure can get more earning at the end of the game by doing this has to weigh the previous performance of the both options. You don't just bet base on like if you may loose it all.
We should be more objective and bet based on numbers if we really want to make money because betting on the player that you like even if he’s the underdog is too risky and you might miss the chance to make profit. I always hesitate to bet on underdog, I know its too risky so I’m avoiding to place a bet with them even if I like the team players.
Thinking realistic will be necessary, especially if we do not see a big chance to win for the team that we usually pick as the bet. All in all, it will depend on how good we have the information on every match and we should know that each team or player can give a surprise in the middle of the match so we need to learn more about what we should pick. We should consider many things before we place the bet because we can not always win in every match we place.

I do think that it all boils down to the person's capital and the amount that he is willing to bet. Personally, I bet on the 'underdog' on games or sports that I know nothing about. If I know something about a particular game and their teams (e.g. Dota 2 teams, etc.), I would be more inclined to bet against the underdog and bet on the more popular team since I have personal knowledge of their statistics, data, etc.

Betting on the underdog can be really fun especially if they get to win. For example, in the latest Dota 2 International, the team that won was considered as an 'underdog' though I betted against them and lost like 30$.
2770  Other / Beginners & Help / Re: How to avoid scammers (Must read for newbie) on: November 01, 2021, 01:05:27 PM
Some of the scams seems very stupid i just wonder how they really fall for it  Undecided

I think you are implying that people who got scammed are borderline 'stupid', which is not a good thing to generalize people of. Instead of seeing them as such, it is more appropriate if you could refer to them as 'misinformed'. Remember that all of us were once newbies. Though not all of us experienced getting scammed, there is at least one point in our careers that we made mistakes along the way.

With this kind of setting, scammers would always choose to take advantage of the people who are misinformed. They tend to create fake giveaways that are pleasing to the eye, fake accounts, etc. Though this may seem obvious to experienced users like us, it may not to newbies.
2771  Other / Beginners & Help / Re: How to Know address hosted by an exchange on: November 01, 2021, 11:48:02 AM
My cousin is a victim of online deception, she was contacted by a person who offered high returns and was asked to pay in cryptocurrency. After a period of time, it became clear that the investment was a fraud. We have contacted the police. The police have not done anything about the case.
I know there is a hole in this case. For the scammers to convert the bitcoin to fiat they will need an exchange. Exchanges require kyc. Is it possible to know the bitcoin address of an exchange?

First of all, I am very sorry for such an unfortunate event to happen on your end. Unfortunately, your cousin fall into a ponzi-scheme which ultimately deceived her during the process.

On your situation, this would depend on a number of factors. First, you may contact the exchange IF the scammer deposited his funds in such exchange, though I highly doubt that they would do this. There are also lots of mixers that could make their transactions more anonymous and secretive. In addition, you may also talk to the exchange but your cousin must be the one to contact them directly.

I remember there was a case of loan fraud which happened quite recently but I doubt that the loanshark was able to recover his money. Best of luck though!
2772  Bitcoin / Bitcoin Discussion / Re: Banks either adapt or face death on: November 01, 2021, 10:36:29 AM
The digital age brought our lives to a second universe - The internet. Ever since the internet set sail Banks had to adapt and present new services and options to their users. However, the digital also brought us digital money and financial freedom. Cryptocurrency is here to stay and is bound to disrupt the way we manage and relate with our money. Banks will need to adapt or they face certain death....

Luckily, things are changing rapidly and mainstream adoption may come sooner than we think. Do you guys think, this will happen within this decade or not?

While I do agree that the shift to a digital era/currency is inevitable and is bound to happen in the near future, I doubt that the world will replace the traditional fiat with cryptocurrencies. Remember that cryptocurrencies (specifically BTC), has a limited number of supply in which inflation is bound to happen. Imagine having a currency in which its value changes every day will make prices in the market be volatile also.

While the digital era may is fast approaching, I still have some reservations as to the shift to a decentralized currency around the world though.
2773  Economy / Gambling discussion / Re: 2022 NBA Season on: November 01, 2021, 10:15:39 AM
The game between the Warriors and OKC showed the overall developments of the players on the former. It was so great to see Wiggins working on his shots as he was draining threes throughout the game. Curry showed on why he is the most dangerous player on the field because if you gave him enough space, he would either drive the ball or shoot a 3 or a midrange in front of your face. Draymond Green is what glues the players on the field on his playmaking skills.

I am so excited to see Wiseman and Klay back on the game. If they develop more their chemistry, they would be a major threat on the playoffs throughout this year!
2774  Economy / Gambling discussion / Re: welcome to the era of fake fighting on: November 01, 2021, 01:13:35 AM
Tyson can sing dancing in the rain on Broadway while wearing boxing gloves and a guard if he feels like it.   You said it yourself that its not a professional boxing match so its only subject to general oversight only I presume. The trick that makes them money is they dress it up as if its going to be competitive in any way when every prior instance clearly seems to be running through a script to fit in with commentary and sponsorship.

In general, this is what exhibition matches are known for since it is not subject to strict regulations and preparations. But imagine being punched to the face by someone, adrenaline will definitely start to hit you prompting you to be serious at one point.

Regardless if the match between Tyson and Logan Paul is half-baked, it is definitely a privilege to witness one of the all-time greats to perform once again inside the boxing ring. In addition, regardless also of the result, I just want to see Tyson perform his 'one-punch' power like he used to do back in his prime. Like what my father just mentioned, Tyson in the ring is a lion waiting.
2775  Economy / Economics / Re: Money and wealth as the major religions in world. on: October 31, 2021, 06:22:52 PM
Today's life all things have to be paid for with money, from basic needs to hobbies so we must have money, every day people only think about how to meet their needs and increase their money so money is king for him, this is a phenomenon that has happened everywhere because the world currently always make a measure of value and price

Everything revolves around money since such can be acquired through currency. Everyone, what is the reason on why you guys invested into BTC in the first place?
Though some people living in first-world countries use BTC as a form of currency to maximize anonymity, most people who live in a third-world country view BTC as a form of short or long-term investment primarily for profit.

Unfortunately, if people see BTC as a thing that controls their very nature and character, that would be the start of their downfall. Everything must have a limit and control as without such would lead to detrimental effects.
2776  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 31, 2021, 06:06:18 PM
Purchasing bitcoin at market value is not as easy as it sounds for first time buyers for starters and secondly you need to do your homework of finding the best crypto betting platform to avoid jumping in the deep end which has so many requirements before you start playing.
There is no much research to do when purchasing crypto, I understand that at least people that have just known about bitcoin should first make researches especially about not to get scammed because many sites are scamming people. But as bitcoin and crypto adoption is high now, there are even legit local traders advertised in individual countries while it is easy to make little researches to see reputable exchanges.

Oops be careful with that kind of mindset. You are right that adoption is indeed higher but this also gives the opportunity for scammers to conceal themselves and cause it appear that they legit/genuine, but which is not. Remember that the more BTC adoption goes recognized, the more reason for scammers to take advantage of such situation.

Proper research is always the key in order to avoid any scams in dealing with an exchange. Remember also that prevention is always better than cure- that is why always read reviews and feedbacks in order to strengthen the security.
2777  Bitcoin / Bitcoin Discussion / Re: Tesla make 1 billion profits from it Bitcoin holding on: October 31, 2021, 02:48:55 PM
If Tesla (EM) did not sell all that BTC, then it would be more accurate to say that it is an unrealized profit - and EM has stated that it has no intention of selling that BTC, although this may change at any time. In addition, Tesla appears to have bought a total of 46 000 BTC at an average price of $32 610, but sold 10%, so the total amount of BTC is now 41 400  currently worth 2.375 billion.

In Q4 of last year, Musk purchased $1.5 billion in Bitcoin in one of the most adventurous moves ever undertaken by a corporate treasury. CFO Zach Kirkhorn praised the gambit as "a good place to place some of our cash that's not being used, and get a good return on that." By my math, Tesla bought 46,000 coins at an average price of $32,610. In mid-March, it sold 10% of its holdings, around 4,100 coins, at an average price of almost $60,000, booking a profit of $128 million (reduced to $101 million by an "impairment" charge).

Very accurate.

It is considered as receivables in way that the fruition of profit will only materialize upon the withdrawing/encashment of their BTCs to cash. Until it remains as BTC, it will be unrealized profit just like what you mentioned.

Same as stocks or any receivables- until they are received as cash then it cannot be considered as profit as they will still be recognized as investments or as an asset. Regardless, however, the fact that Tesla has remained faithful in HODLing their BTCs means a lot for the future of cryptocurrencies.
2778  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][CHIRO]Chihiro Inu ($CHIRO)The Decentralized Community Anime Inspired Token on: October 31, 2021, 10:27:27 AM
Hi upon checking the content of your website, I observed that you lacked the necessary information to sell your coin. In addition, the website contained no whitepaper as the link posted was broken/not working.
Before posting your website, make sure that you complete all the information needed for everyone to see. Please refer to the reference below, thank you!

2779  Economy / Economics / Re: Would crypto gain full intrinsic value? on: October 31, 2021, 08:13:33 AM
With the high level of volatility and constant fluctuation in market capitalization on crypto currencies would there ever come a time we would trade crypto based on the value it has in it's self and not in exchange for fiat currency. Many countries has now adopted crypto as mode of payment but we are still faced with the issues of price irregularities. If we decide to adopt crypto fully as a global legal tender how do we deal with this price fluctuation.

This will be dealt with in the same ways other legal tenders are. There are derivatives of gold or gold itself is accepted as legal tender in some countries and these have to deal with balancing price fluctuations too. I think an important thing to remember though, bitcoin is not going to be an omnifunctional asset, it'll see competitors and I doubt countries will give up their original currency in favour of bitcoin (since the ones who print it are paid quite well to do so).

I highly agree.

The problem with BTC stems from its inherent supply of 21 million in which it will inevitably yield to inflation in the following years. Though El Salvador has accepted and viewed it as legal tender, I highly doubt that countries would shift to cryptocurrency as a form of legal tender ALONE. Fiat will always be the currency that all countries would use even in the far future.
2780  Bitcoin / Bitcoin Discussion / Re: Andreas' current use of BTC on: October 31, 2021, 06:07:37 AM
I love Andreas Antonopoulos. Having said this, he recently said something in one episode of his podcast that surprised me. He was talking about living on Bitcoin and he said that he HODLs his BTC and basically spends only USD. He gets paid in all different fiat, and he spends this fiat for his daily life. When he can, he buys more BTC and HODL.

While I understand that many of us HODL, isn't this just wrong for the future of BTC. First, Satoshi created BTC as a currency. It is intended to be spent. Second, if everyone HODL and nobody spends BTC, isn't this becoming just a pyramid scheme?

I think most people took for granted the reason on why BTC was created. The power and innovation brought about by the blockchain technology is the star of the show as it removes the traditional third-party consensus in transactions. Bitcoin, on the other hand, is the currency which is used in circulation through the blockchain.

But if you were in his shoes, you would probably see BTC as a form of investment due to its trend that its price go higher as years passed by. Personally, I see BTC as an opportunity for long-term HODLing and as a short-term investment.
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