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721  Economy / Gambling discussion / Re: Minimum Age to gamble on: November 23, 2023, 10:13:13 PM
The most widespread gambling is not poker or casinos, its within ordinary arcade games themselves as the modern computer game contains a gambling element with cash in and value items won on what is essentially some form of gambling.  Even if that amounts to a lottery ticket, its gambling and yet the legal case to define it as such has not occurred especially.  Some governments have noticed and implemented legislation but thats not widespread; its worked slightly to block those citizens from gambling within the game but since its a global game with a global audience its restricted in a minor way only at present.
722  Economy / Gambling discussion / Re: 2024 Oscar Awards bets and discussions on: November 23, 2023, 05:27:14 AM
Oppenheimer odds are too short to want to bet at this early stage.  Is it impossible now for a film to be released in the last weeks of the year and qualify, I wasnt aware it would end this early or did I misread that schedule that way.
My outsider bet would be Barbie at 17x     It would be a surprise for sure but at 17x odds you have to a take a long chance it might be the film that some thought was most qualified.  Im not decided on this idea but alot of people said it had a bigger frame to it and that sounds like it could be an oscar deal.  I dont know, Im just mentioning I will think about it.
723  Economy / Gambling discussion / Re: Dangerous chasing losses on: November 22, 2023, 11:29:26 PM
Boredom is definitely a danger, people do stupid things when bored as its the opposite of patience.  I would agree its best to change course when unable to think of any valid tactic to proceed with just throwing it all on a random number and hope is a loss that might take down the gains of a whole evening, easy to end up taking stupid risks.  This is true in general not just gambling so good life lesson perhaps.
724  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: November 22, 2023, 10:06:43 PM
Not that long ago the spins reward was fairly near to the max, thats why I used them up because I figured that was fairly good going and BTC was due to recover upwards.   Now I think theres enough reasons for a pullback but I dont suppose it will occur to my personal wants or timing, by end of this month for the bet.   I dont think its occurring but the odds are too nice not to put some small side bet on the chance we get blindsided by a move down.  We all know BTC can move sharply so its definitely possible, anything down to 30k is fair game now. 1 day left before lock.
725  Economy / Speculation / Re: guilty plea on: November 22, 2023, 07:53:35 AM
CZ resigned from Binance has some dump potential.   News article says he is facing a year plus sentence and had to post a bail amount in the 9 figures size.   I dont know thats true but the disruption of a major crypto company could be enough to pause any buying and trigger a swing to selling.   The ETF refusal or delay is another reason, against that is the backdrop of the dollar index in some decline still which doesnt support a generally negative view unless it also switches its behavior hence I think any sell is smaller rather then larger.  

https://twitter.com/cz_binance/status/1727063503125766367?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1727063503125766367%7Ctwgr%5Ef3f54008a8152da96a1682487fee26e7b25e958d%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.fxstreet.com%2Fcryptocurrencies%2Fnews%2Fbreaking-cz-confirms-resignation-as-ceo-takes-responsibility-for-wrongdoing-and-says-binance-is-not-a-baby-202311212042


Justice department and partners announce cryptocurrency enforcement actions  - $4.3bn
https://www.youtube.com/watch?v=_XEVCOhtLac
726  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: November 21, 2023, 11:45:12 PM
Not everyone is into statistics, I would say keep it simple.  It is a game or leisure activity after all.  Some might find a benefit from tracking all they are doing exactly, sports bettors Ive heard of tracking exact outcomes vs odds offered and % available profit vs actual placed bets.    However so long as you keep to a set budget and dont exceed that, I think it more then likely is going to stay purely fun and many keep track in their head which is fine imo.   Dont think I ever had a perfect records kept outside of the website itself allowing me to go back years to look at match results vs bets etc.
727  Economy / Gambling discussion / Re: Would You Crowdfund for a Gambler Who Has Gambled Irresponsibly? on: November 21, 2023, 07:05:03 PM
Really bad idea as it teaches nothing to reform the bad attitude and self management that caused the problem.   I would say food, basic clothing and anything else basic required by a person has to be provided as an item not cash.
   It would almost be the opposite of help to encourage a person into not feeling the full responsibility, things can certainly get worse for all the possible avenues of easy cash I dont want to see anyone go down that road.  At best they end up in prison maybe for years after being offered a way to get cash fast, some people dont know better to refuse a bad offer.
728  Economy / Gambling discussion / Re: Dangerous chasing losses on: November 20, 2023, 05:53:30 PM
Gambling  emotionally is the danger that alters your otherwise normal gaming behavior and puts the gambler into the moment where they can lose all.  Stick to a premade plan and you have the method to avoid the problem, its simple advice but its also the best advice imo.   Many people shouldn't drink and gamble as it compromises judgement way too much.    A pre made budget, dont take any way to get more money too easily as that will be the downfall to your plans.   Crypto I always argue allows a person to isolate their budgets.
  The best gambles imo are the ones you put on days before a sports match after reading an article or some other realization of the game dynamics, active gambles in a card game or whatever live game is far harder to do.
729  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: November 20, 2023, 11:27:11 AM
I've got the bigger prizes from just single spins but I did used to do alot of them also.  Ive been lucky on the free email also but generally it will take hundreds of spins to get the nicer results come back.
  The single Wheel spin is now working for me btw if anyone was waiting.   Iam not waiting to use wheel spins especially as I have the expectation of a pullback in price.  I was purely looking at the graphs etc. and guessing as of course I dont know but recently I heard the reasoning why price might pull back which is the whole ETF deal, expectation and those who would bought in with expectation of approval.
   The idea being that not outright refusal but no immediate clearance for a BTC ETF would be enough to make speculators quit the game and close out trades, this alone is enough to have BTC come back to prior pricing.  I dont think a large pullback, just a retest of prices is so normal its in my view to occur personally.
   3 days left, the odds say a reversal would be a surprise enough to pay off I should have bet earlier then this tbh.
730  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: November 20, 2023, 10:41:55 AM
The idea of profiting from gold is slightly off, its purely just a metal a commodity and does nothing at all just sitting there as a metal.  The correct growth allocation or expectation for gold is just plain flat zero.

However to do nothing or be inert under pressure is useful, the world has many risks and obviously as FIAT grows weaker the gold appears to be rising in price even if its value is flat.   That is a use, if there is a growth in people requiring that use thats where I guess the idea of profit from gold occurs.  Long term we have to say its still a flat growth product, it never alters.

Holding BTC again I think it should be used actively in order for an expectation of gains, BTC by itself if not used imo is far less valuable then put into its best use remotely securely and enabling trade mostly of digital products is how I see its best purpose and so highest value.
   Purely holding BTC I would then be a commodity speculator, especially those who borrow funds in any way to hold BTC then they are forced into being speculators or traders with the costs of trading that should be expected.  Its a hard game to win and people blame BTC for that, the prices flies all over the place but thats the dollar price as the BTC itself didnt alter.  So the two assets do have this kind of dynamic in common.

Anyway I wanted to post this chart, its stocks [Dow Jones Index] but its over a century of history.   Gold is super long term and somehow BTC appears to have long term dynamics in its movements.  I dont often look at monthly bars on a chart but I do with BTC so its pretty long term in its moves imo.   This is an interesting chart with epic change in prices over so long etc.  much of this price change is a reflection of Dollar altering so substantially.
  If we discuss Dollar it was by the gold standard for a long time and the chart history is relevant to projections forward for any long term asset or commodity we want to discuss a Dollar price for imo.
 Tone Vays had it in a video
731  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: November 20, 2023, 08:21:35 AM
Quote
the last few years of the US power.

Im very bearish on the status quo continuing because I think it will not benefit people for that to continue to be true.   We presumably do not choose to accept loss and inefficiency when there are choices alternative to that negative path; the endless debt and poor management of that money spent would appear to become more obvious over time so we change path imo.   However the governance, the debt & history of that failure would be in the past and the remaining truth is USA has many positives currently being lost and not used properly, the people and the land itself is a giant resource and so I dont see that going away.  A reset is not an end or sum total
  Presuming Yellowstone doesnt blow up or something equally dramatic I see failure giving way but the strength within every country is something I hope improves despite the negatives and the debt defaulting or however the failure might occur on paper. 
  Whats lacking here is the substance I expect in candidates to reflect that better path forward, its not easy with so many unknowns and great opposition to recognizing many possible negatives that have to be deconstructed but I'm looking for the most positive candidate in that respect.  Ideally there has to be someone looking to something greater then themselves, I only state all this as I believe they would gain so much support if they did appear.  Some people in majority young people think that could be RFK Jr.  Im interested if that support spread but currently I dont presume it will.
732  Economy / Economics / Re: ~85% of money doesn't exist on: November 20, 2023, 07:03:44 AM
Dont think it matters if its physical or not, the main deal about a linkage or exchangeability to anything physical or real was a bigger break of the standard to money.  Actually printing out notes wasnt that important but not allowing exchange on a set standard does ruin the principle of the money being reliable.
Quote
money in existence isn't destined for usage by real flesh and bone humans.
The money is being used, my house debt is unfortunately a real value I owe even if the only sign of it is a balance sheet print off.   Also real is the wages despite appearing purely as a computer print out at best and within days consumed by bills asking for settlement.  I would qualify all of that as real even if not physical exchange.
733  Economy / Gambling discussion / Re: The most important thing in a betting site on: November 19, 2023, 11:58:55 PM
Withdrawal would be correct but Im going to be completely skin deep in my answer and say the aesthetics probably is a large part of my impression for a new site in terms of remembering and liking my first experiences playing there.   Hopefully the entrance is entirely simple, some small faucet for newly signed up people, then plain simple stuff like the color setting for the buttons, the arrangement, the background picture, the background music perhaps and the sounds and general clickiness and responsiveness to the site.
   Yes fundamental points but if the site times out makes me wait even 30 seconds to load with blank screens, I will close it and never go back probably.
734  Economy / Gambling discussion / Re: Do you guys believe in other people luck and try to copy them? on: November 19, 2023, 11:50:04 PM
People naturally learn by copying to some extent but it can also be dangerous to undertake actions especially risky without knowing all the risks, skill and judgement that went with those actions.
   Its definitely something people do, for example Im pretty sure casinos pay some people to play the games as demonstration and also encouragement for genuine people on the sideline to step in and try their luck.  All you need is people to shout about their winnings and be less vocal about the losses and you have a positive effect.  This isnt just gambling this is done across the entire range of advertising imo people will always copy and follow others.
735  Economy / Gambling discussion / Re: Minimum Age to gamble on: November 19, 2023, 11:41:26 PM
so kids need to be taught that gambling is simply not for them and that they need to stay away from it as they are not ready to take part in such an activity.

I'm more of the perspective that education does a far better job of prevention to the worst cases of gambling.   Not denial just dont, because people always will take the path excluded from their view for curiosity precisely because others said no its forbidden.  Educate them on the cost of gambling, the games % odds probability vs other games you can play in terms of worth, efficiency and a kid can reason for themselves its a high cost game and not worth risking a loss of what they have earnt.  Thats another measure let kids earn money so they know the worth of what they stand to lose, it will go a long way to actually knowing not guessing.
736  Economy / Economics / Re: Free does not mean worthless on: November 19, 2023, 09:51:12 PM
Super obvious point would be its possible to do many things without money.   We're in a conspicuous consumption society for many years now so the mindset is you must spend wages as much as possible or you dont even exist but its really not true.
  Thats all I'm reading from that, to save money I would suggest you take away a percentage for the house mortgage or whatever and not consider it as possible money to spend.  It does save you expense in the end as renting is usually more expensive etc.  just walking in a field is free but boring to some I guess :p   Some people live near no fields at all, being grateful for simple things is a literal life skill imo cant be overrated.

https://www.investopedia.com/terms/c/conspicuous-consumption.asp
737  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: November 19, 2023, 06:51:34 PM
Its not loading for me either, just spins.   Hard refresh might help some but havent got it working that way yet.
  
The Lambo delivery question is only debatable because of in recent years supply of cars has been disrupted by chip shortage issues.  Its helped support the second hand car market in surprising ways with prices rising a bit, I dont think thats completely solved for makers.
   If there is any constriction in supply its not impossible for RRP or new car price to be lower then the in demand market price for a car available immediately.   Theres waiting lists of a couple years sometimes,  I dont know this applies to Lamborghini but often it would be to do with a new issue model.   We live in unusual times is all I'd say its possible for a premium price on that option to be true
738  Economy / Speculation / Re: 2023 end game sentiment check on: November 19, 2023, 08:27:54 AM
I dont care is totally fine as an option imo because price is not the most important factor despite this being the speculation part of the forum I think thats fine to say.  Price isnt accurate maybe ever, its not actually determining value just those people bidding like an auction sale the price can be wrong and yet we have to guess its direction etc.
  In any case the vote was fixed start of this month just to capture sentiment at that moment, indecisive was a fair outcome.  Of course I take it as easily ironic, if we all voted upwards it would be inversely a negative sign.

2017 repeating, from my recollection I remember many bouts of almost outright chaos in those months.  Not only the gigantic price change but the news and the great big split that occurred in that summer.   People were bearish with some good reason, it wasnt easy going.  The Chinese banning BTC, yet it recovered, the traffic stalling, fees occurring was a factor imo.   I couldnt compare now to 2017, its dead calm comparatively I kinda wish we could have a do-over but nope this aint it.

https://news.bitcoin.com/an-in-depth-look-at-bitcoins-first-chain-split-satoshi-helps-reverse-the-creation-of-184-billion-btc
739  Economy / Economics / Re: Btc vs dollars on: November 18, 2023, 11:58:53 PM
Dollars are backed in that sense but I do rate natural effects over the force of politics or armies and so on.   No doubt Dollar has backing (and many liabilities) or it'd not be current, the reasoning that USA is a global superpower is a large part of why Dollar is the global reserve currency.   But soldiers, the armies and equipment to arm them actively costs a massive burden to bear.  [this year its projected interest on debt outweighs the entire defense budget think I heard]

 Prior to Dollar it was Sterling as the most widely held by central banks of every country Im told and by no coincidence at that time the largest empire and trading exchange of goods was all done in Sterling the dominant currency at that time.  They both started off backed by gold and ended up as a much weaker standard.  Dollar will defeat itself is how I'd phrase it, I'm not expecting it to be a military thing.  Either they default on the debt or they honor the debt but destroy the currency either at that time or fairly soon after, thats what I expect.


  I cant see what takes over that standard, I dont agree especially BTC is set to take over from Dollar or gold or another nation;  SDR is the standard set by IMF as alternative to Dollar some would answer it will replace Dollar
https://en.wikipedia.org/wiki/Special_drawing_rights

CBDC I havent read about https://www.imf.org/en/Topics/fintech/central-bank-digital-currency/virtual-handbook
740  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: November 18, 2023, 11:47:34 PM
I wouldnt go into too much regret massively.   The vast majority of spins are base reward so I'd include that as the loss, which is something as much as many hours of free rolls people collect.    However if I spin a few hundred times I dont especially believe or expect I will get the golden ticket for example.  Maybe you lost out or not, but now you know anyhow so its a positive and best of luck hopefully :p
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