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1121  Economy / Gambling discussion / Re: $5000 to $1 million in 3 years and little over 2000 bets! on: May 28, 2021, 06:37:29 AM
Gambling for 3 years now as well but I don't have much money since I don't gamble seriously, now it makes me think on focusing as well in my gambling activities instead of playing for a pure fun. That's a huge profit mate and congrats on that, I also don't understand the sheet but I'm thinking now to have my own sheet and strategy, thanks for this idea mate.
Not everyone can do what OP does though and I still have doubts that it is a real one, also I think OP should also put his/her losses in the spreadsheet to see how much did OP profited because in gambling, there isn't a lot of profit in the long-term.
1122  Economy / Economics / Re: Are we entering bear market? How low will btc go in the coming year? on: May 27, 2021, 12:16:52 PM
Based on the current market movement, I don't think that we haven't entered bitcoin market yet, to be honest the dip was just the result of the panic of many people that lead to simultaneous selling of their bitcoin, the prices are already recovering so we can only assume that we have already reached the lowest price this year.
1123  Economy / Economics / Re: Do you see yourself quitting after this bullrun? on: May 27, 2021, 11:41:58 AM
It's all depends on how much of a profit I am able to accumulate after the bullish run. Quitting my day job should mean I have the resources to fund a business of my own that would cover-up for the salary l just relinquished.

But I am certain for sure a whole lot who own reasonable amount of crypto currency in their wallet would consider this after the major bullish spike we are actually expecting sooner than we can imagine
If your job gives a decent pay and covers all the benefits then probably it will be bad choice for you to quit since those benefits are free money. You don't have to put all of your time in bitcoin, just check on it from time to time and you are already good to go, no need to do some kind of compromise.
1124  Economy / Economics / Re: The Downfall of TSLA on: May 27, 2021, 10:42:53 AM
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People were no longer surprised about electric cars. The electric car hype is over. Now car companies all over the world are involved in the research and production of electric cars. Perhaps automakers do better than TESLA because they have a long experience in car manufacturing.
Recently I read about Volkswagen selling more electric cars than TESLA. In the next few years, the electric car market will probably be tougher because of competition from car manufacturers.


https://thedriven.io/2021/02/22/vw-sells-more-electric-cars-than-tesla-for-first-time-but-most-are-plug-in-hybrids/
Even if the people aren't surprised, did you see more electric cars used compared to gas fueled cars? I don't think so. With competition, the prices are going to go down and Tesla is going to be the first electric that will come to the mind of this people, they made electric cars more famous so they have a higher chance of being bought.
1125  Economy / Economics / Re: Do you think Elon is manipulating the market? on: May 27, 2021, 09:54:09 AM
Some are believe and some are not. But i think it can be considered to be manipulate market. But this is just personal opinion, because it already happened, almost every tweet of Elon Musk really affect on some people and cause them to be panic either of buy or panic sell. But i think it is just temporary.
Even if Elon is manipulating the market, there's no one who can stop him and the other whales to do so because bitcoin is a decentralized platform, this is per se, a lawless land and anything can go. Of course it is temporary, that's why a lot of the veteran hodlers are advising newbies to hodl their bitcoin.
1126  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 27, 2021, 09:16:20 AM
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Even if it is 14 or 16 years instead of 12 years, what Bitcoin has achieved is impressive. Google was the fastest to achieve a market cap of $1 trillion. And in case of Google, the company was founded in 1998 and within two and half decades the one trillion USD market cap was achieved. And Bitcoin was able to achieve it in almost half of that duration. And this is also one of the reasons why we should hold the coins for the long term. Look at the other companies in that list - GOOGL, MSFT, AAPL and AMZN. All of these stocks have retuned excellent returns to those who are still holding these stocks.
That's what I am doing, the problem is that the waves made by the market can sometimes shake our faith about the long-term stability of bitcoin market. Bitcoin is different from these stocks because they are companies that have people managing them unlike bitcoin which could crash and burn anytime.
1127  Economy / Economics / Re: The Downfall of TSLA on: May 27, 2021, 08:26:46 AM
The world financial markets have been hot for many days. From March 2020 to now, the S&P500 has been hot and surpassed 4000 points. TESLA stock is among the fastest-growing in this index. TESLA's drop started when Elon Musk FUD Bitcoin. In just one week Bitcoin has dropped 50% in value and TESLA stock is down 25%. This is so coincidental.
They get FUDs too so we can expect their stocks to go down and I don't think there will be no downfall happening because Tesla is a revolutionary car company that will definitely boom when the trend of electric fueled cars become more prevalent. It's not just coincidence because I think that whenever something negative happens to a company, their stocks will be affected too.
1128  Economy / Economics / Re: Understanding a bear market. on: May 27, 2021, 07:39:44 AM
You don't have to make a single choice as when to buy, the best strategy is to spend small amounts and spread the trades, for instance if you buy every week for 100$ while the market is crashing you can make sure that you are not putting all your money on one go... 
This could actually be better than just putting it all in when the prices dip because you get more value out of your money as the prices continues to dip. I might try to employ this strategy in the future.
1129  Economy / Economics / Re: Crypto is our last hope for financial independence - John McAfee on: May 27, 2021, 07:03:38 AM
McAfee sure has a lot of free time for tweeting in prison but I don't believe him when se said that he lost everything from lawsuits and that he feels from free than ever. Smiley
I do however agree with him that we the people are in war with system and governments.

Well, American prisons are notorious for contrabands so there's no surprise there since almost anything can be smuggled in the prison. Pretty sure he has a lot of money left and connections to keep him more than afloat. The Tweet about bitcoin being the last hope is a pretty bold claim for my taste but it is a welcoming one since it implies that bitcoin is doing something great.
1130  Economy / Economics / Re: Bitcoin could win the currency war on: May 27, 2021, 06:11:35 AM
Why go to a war when we can easily coexist with other currencies plus in any form of war, there will always be a casualty and I don't think that a decentralized platform will be able to do it.
1131  Economy / Economics / Re: Bitcoin is the fastest asset to hit 1 trillion marketcap on: May 27, 2021, 05:32:39 AM
I am not comfortable with the calculation being done here. First of all we need to be honest, and there is no point in manipulating the data. Here the OP has taken the number of years from the foundation of these companies (and not from the IPO). But the comparison is made after the calculation for Bitcoin is done from the date where the first coins were mined. Both are not directly comparable. If you want to take the 2009 date for Bitcoin (because the first coins were mined in 2009), then you need to take the IPO date for these stocks. The Google IPO happened in mid-2004, which is less than 17 years ago (although Google was founded in 1998).
Even if it isn't the exact data, it is still rings some true to it that bitcoin really did get to the trillion dollar marketcap really fast compared to other big tech companies. It is impressive how fast bitcoin got to that point but we have to always consider that it could go sideways, look at what happened this past few weeks, billions were wiped out in a matter of days.
1132  Economy / Economics / Re: We exited the bear market earler than expected on: May 26, 2021, 03:22:34 PM
I don't think so, we more or less have overstayed in the bull market rather than entering earlier into the bear market, that is if we use the year 2018 as a reference.
1133  Economy / Economics / Re: Is Bitcoin Naturally Defined By 4 Year Boom And Bust Cycles on: May 26, 2021, 02:30:07 PM
Nope, I don't think so, the prices are going strong this year despite the drop from 60k to 40k. I think that this year is going to be a little bit different than the other previous year, this might be the cycle breaker.
1134  Economy / Economics / Re: How to protect from inflation? on: May 26, 2021, 01:58:00 PM
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I agree with you, savings accounts at a bank are not very attractive  at the moment. For the last 5 years at least was the interest rate on the savings account below the inflation rate. On top of that are the bank fees rising. In my opinion going for banks is not a very attractive investment at the moment. The only real alternative are TIPS but these are treasury bonds and not really from the banks itself. So going for Gold and Crypto Currencies is the best way to protect ourself from inflation in my opinion.
Savings account isn't how it used to be, back then the returns are around the 2 digit percentage but right now, you are probably lucky to find a savings account that has 1%. We also have to consider that we shouldn't put everything that we own in our investments, remember that things could go wrong when you are investing and it sure as hell, you don't want all your money lost in one shot.
1135  Economy / Economics / Re: How to protect from inflation? on: May 26, 2021, 11:55:57 AM
Banks are a good protection to inflation but the problem is there is close to zero profits with banks so it's not a good thing to go that route for inflation protection, bitcoin can be a likely candidate but it's inherent volatility is going to be a problem for people that have weak hands. Real estate and gold could do the work just fine but the problem is that both are really expensive.
I think that gold and real estate is the best hedge for inflation followed by stocks and bitcoin and I don't like that you mention banks because they aren't client friendly and they have a lot of paperwork to do but give a meager interest. I do agree that bitcoin isn't a good hedge since the volatility is pretty high.
1136  Economy / Economics / Re: Which Asian countries have the greatest influence on bitcoin? on: May 26, 2021, 11:25:34 AM
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I agree, Japan would be the leading country in the Asian continent that supports and adapts crypto most, not unexpected because of their tech-love ideology. I think in coming years, India as well will include itself in the tech-lover list and adapt crypto and blockchain technology in a lots of projects sponsored by the government. Future of crypto looks promising in the developing countries as well, they will use the technology to maximize their growth!
The problem with them even though they are a really good candidate as crypto hub in Asia is that they have the largest geriatric population which means that even if they are tech friendly, there isn't a lot of people to operate.
1137  Economy / Gambling discussion / Re: UFC Fight Night & Main Event: Sportsbet.io Predictions & discussion on: May 26, 2021, 10:44:48 AM
Plus the streams are impossible to get live (with good quality) where I am, add the unnatural timings for me... but they do look a lot like muay Thai in some matches. Strawweight! That's my area!
If you are streaming illegally, UFC has a really good track record of taking down illegal streams of their PPV fights and most of the time, this fights are streamed for free in their official social media pages.
1138  Economy / Gambling discussion / Re: What online betting company you know gave you a b'day present? on: May 26, 2021, 10:14:47 AM
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Yup , this was the very first time that the sincerity of gambling site but the sad thing is that a questionable company offers this.
What do you mean by questionable company? That's pretty strange that a shady company is going to do this kind of generous gift. I would consider that possibility since this is the Internet.
1139  Economy / Gambling discussion / Re: Being unpredictable on: May 26, 2021, 09:35:47 AM
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Poker face and make it looks natural, that's truly hard to predict what encircling inside your minds.

Lots of gamblers practice this and make it realistic, they use this skills to take advantage with those gamblers who played against them,

if you able to practice this and managed to make it more realistic from time to time, you really got the opportunities to collect winning stats each time you made a call.
Besides the traditional poker face, aspiring pro poker players, mind games can be a good way to make things much more complicated for your opponents because they will be second guessing everytime since you employ two ways to confuse your opponent.
1140  Economy / Gambling discussion / Re: What online betting company you know gave you a b'day present? on: May 26, 2021, 08:52:56 AM
This is the first time I have heard of a gambling site giving some kind of gift for the birthday of the user. But considering that I don't have a lot of experience with gambling, I might've not explored enough site that has these as a feature. Does giving the present requires some KYC because birthdays are a private information.
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