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561  Economy / Reputation / Re: Is 1miau fit for DT? on: November 20, 2023, 04:40:55 PM
I believe I am in the same boat.

In March-2022, I was posting in the political section about the Ukr-Rus war in this topic below:

https://bitcointalk.org/index.php?topic=5382794.msg59455961#msg59455961

I see that he distrusted me after 13-March-2022 as you can see in LoyceV's trust viewer:

https://loyce.club/trust/2022-03-13_Sun_11.49h/176777.html

Not that it is a big deal or I care about it since I don't have a trust list but I agree with the OP, he is sensitive about this war and he will probably distrust (or red tag if the account in question was already tagged red, that's what digaran and nullius have in common) anybody who sides with Russia or talk positively about Russia. (nullius got a red for the same reason) Maybe he finds Russia supporters untrustworthy which is OK unless the rest of the DT1 users agree with this view.

I distrusted people for a similar (or maybe not that similar) reason in the past too. I distrusted most bcash followers and those who believed Craig is satoshi... But I think there are a few differences between this and that situation I told you above but it is the DT1's job to figure it out.



Another note:

suchmoon (who has some knowledge in these stuff) says we should send red trust ratings if there is a trade related risk with the user. So I think, it is inappropriate to send red trust ratings based on the user's political views.
562  Bitcoin / Bitcoin Discussion / Re: How I got started with Bitcoin and how it is blessing for me? on: November 19, 2023, 05:52:20 PM
It is always early to get in bitcoin. The only thing matters is your age and even if you are too old, you can still do it for your kids. Bitcoin has a limited supply and USD has not. That means there is only one way bitcoin can go in the long run which is up. You may buy bitcoin at the top of the last bull run and still make money if you hold it till the next bull run which usually happens every 4-5 years.

You did great till now and now the hard part starts. People think getting rich is hard. No. Getting rich is very easy. The hard part is maintaining your riches. Lots of people went from being a millionaires to zero very quickly in the past. Do your research, do the right moves so you won't be one of them.
563  Economy / Economics / Re: ~85% of money doesn't exist on: November 19, 2023, 04:27:34 PM
I was looking at some statistics about FIAT money, taking the European Union's Euro as an example.

When comparing physical money, i.e., banknotes and coins, bank deposits, a stark difference can be noticed.

physical Euro money:
~1.5 Trillion
Source: https://www.ecb.europa.eu/euro/banknotes/html/index.en.html

All while the Euros in bank accounts peaked at a total of 11.7 trillion, now 10.5 trillion
Source: https://data.ecb.europa.eu/data/datasets/BSI/BSI.M.U2.Y.V.M10.X.1.U2.2300.Z01.E

What does this mean? There's undeniable proof that central banks know with confidence that most of the money in existence isn't destined for usage by real flesh and bone humans.
It's printed specifically to be used by governments, banks and mega corporations, that will never need to withdraw it from an ATM like a real person would.
Central banks don't even have to "print" money anymore if they want to inflate the monetary supply. They can just add more digits to a bank account.
Of course, increasing the monetary supply results in us, individual people, having to face higher prices which means our money is worth less.

Many of bitcoin's detractors will often say that it's held by too few people. Well, look at "actual money" then. 85% of it is completely unaccounted for.
Keep this in mind next time someone says anything about bitcoin.

I read it a while ago that the total money supply is enough to buy the whole world (I mean everything/every asset and everybody that exists in the world currently)  more than 10 times over. Your post confirms this information. It is out of hand so badly now they don't really know what do to anymore. If they stop printing, people will lose their jobs. If they print more, the inflation will rise even more.

This is more like about being honest but then there is another problem emerges. If "Central Bank A" does its job honestly, then the other cunt "Central Bank B" will print money out of thin air to cover its ass. In the end being honest equals to being stupid in a game where everybody is a crook.

It is a race to the bottom and we are not there yet. What comes after trillion?

Wake me up when the US national debt becomes a quadrillion USD.
564  Economy / Reputation / Re: DT1 and DT2 members who have negative feedback (or are banned) on: November 19, 2023, 12:13:05 PM
With an account like this theymos will have a hard time getting accepted to sig camps.

Another good account is ruined :/

DT1 gaveth, DT1 taketh awai.
565  Economy / Economics / Re: When Was the Last Time you Came Across a Positive Economic News? on: November 19, 2023, 11:58:10 AM
It is always going to get worse because the world is damn too crowded right now and there aren’t enough supplies to please everyone.

However, just don’t think this applies to everyone. For some people though, everything is fine and will be even better in the future. These people don’t have to go to work. They have great assets which produce income for them. In other words if you have a job, you are working for one of those people.

The majority will always have to be the losers in this game which is almost every employee out there.

You either find a crack in the system and get rich or you can complain for the rest of your life. It is up to you. Even in this broken system people still can get rich. You have to be dedicated about it and that’s all.
566  Economy / Speculation / Re: Timely Halving Event and Bitcoin ETF a Positive Bombshell on: November 18, 2023, 01:38:39 PM


Regarding the events already mentioned, there is no doubt that BTC has a positive future ahead of it. However, Bitcoin halving events have a weakening effect with each cycle, so Bitcoin ETFs have a larger impact on BTC than "halving" events when accounting for inflows and outflows.




I disagree with this, the halving event is always the biggest catalyst and has a positive impact on the value of bitcoin because the supply will be halved after 4 years. I guess you are referring to the fact that bitcoin no longer brings profits of thousands of percent, or x10, x100 like many years ago. And you're blaming the halving but that's wrong thinking because even combined with ETFs, it won't help bitcoin give you x100 returns. Bitcoin has matured and become big so it is normal that it no longer grows thousands of times, but in return it has become safer.

Furthermore , although it no longer brings large profits, profits from bitcoin are still more significant than investing in gold and real estate.

The supply isn’t actually halving. Only the miner rewards are getting halved. That means the inflation rate is dropping, less new btc will be issued for the next 4 years.

I agree with you on bitcoin’s future potential price changes though. Those volatile days are over indeed. No more x100 price rises… Even a x10 rise seems nearly impossible. X4 or x3 seems like a more realistic expectation for the next bull run. And that will easily carry bitcoin above $100k which will make so many people happy without a doubt.
567  Economy / Economics / Re: Life is cheaper with Bitcoin and cryptocurrencies in general on: November 18, 2023, 01:30:53 PM
FIAT is not for saving. It is only good for spending. It is because of the inflation the central banks create as you already pointed out. The more assets you own, the richer you are. Even if the central banks raise the interest rates to a ridiculous number (like 10%+), eventually they will have to lower them again and then asset prices will go up against the dollar. The only fools here are those who sell their assets (unless they have to sell it for various real life reasons) during that high interest period. Do you sell your house or car just because the rates went up? Then you shouldn’t sell your investments too because your investments make you money. They may fail to make big money today but that will eventually change in the future.
568  Economy / Gambling discussion / Re: Letting the cat out of the bag on: November 18, 2023, 09:42:38 AM
I can’t really change people who have an addiction of any kind. They should accept the fact that they have a problem first and it is almost impossible to make them admit that they have a problem. If they realize their situation, then the rest of the solution will follow quickly. The biggest challenge here is, they will never accept that they are sick. To them, gambling is the way of life just like drinking water. If I tell somebody to stop drinking water, he will call me crazy. That is exactly how an addict sees gambling.

These people have serious mental problems which should be treated by serious professionals. Common people like us can’t do anything about it sadly.
569  Economy / Gambling discussion / Re: The most important thing in a betting site on: November 18, 2023, 07:54:47 AM
- Have a long and clean history
- Instant withdrawals
- Fast customer support
- No KYC
- Provably fair
- Should reward the players
- Should offer 2FA

A good casino should have all of these qualities imo. The most important one is obviously is the first one because if the casino is a scammer, it doesn’t matter if you can do instant withdrawals. There are some casinos which come very close to being perfect but the latest KYC laws ruined it a lil bit. Some of them promote their services on this forum too.
570  Bitcoin / Bitcoin Discussion / Re: What is the minimum amount of bitcoin or satoshi should hold for poor? on: November 17, 2023, 02:52:30 PM
Poor or rich, there is a different answer to that question for every different person. It is because everyone has a different situation. There isn’t one magic answer for all the poor people and how do you define poor anyway? Like starving to death African poor? Or I can’t drive a Lambo but I own a Ford poor? Even if you give every detail about you, we still couldn’t give you the exact answer. It is your responsibility to find it. Maybe there is something you should take care of before even thinking of owning btc? Do you have a job for example? (Or any other reliable income) if not, you should probably fix this problem first.
571  Economy / Gambling discussion / Re: What I learnt from a crackhead about gambling on: November 17, 2023, 10:00:38 AM
Between drugs and gambling, which one do you think is more addicting than the other?

Any addiction is a bad thing but since you are forcing me to make a choice here, I will say that drugs is an absolute “no no”. Gambling can be very dangerous too but your chances of reversing the damages are way greater if you decide to be rehabilitated. Depending on the type of the drug and for how long it was used, one might recover from drug addiction completely too. The longer you get drugged the harder the recovery process becomes and your body will have to endure some irreversible health problems till the day you finally die.

To be on the safer side, just don’t get addicted to both and never ever do drugs because some of them bichez can ruin you even if you try it once.
572  Economy / Trading Discussion / Re: Know how to use Fundamental and Technical Analysis on: November 16, 2023, 08:00:42 PM
So, my friend who just started trading asked me …

Fundamental tells you what to do, while Technical tells you when to do it

I am not really believer in the technical analysis nowadays even though I followed it like a cult member in the past. Let me give you an example;

A company that has a very good balance sheet, the sales are booming and the price to earnings ratio is reasonable but, the price is at its ATH. Without knowing these details, a Technical analyst will probably tell you that it is an expensive stock.

But a fundamental analyst will advise you to buy more since it has a lower p/e ratio than its competitors and a very good balance sheet. This guy won’t even check the price or the chart to give you this advice.

I am not saying TA is complete crap but it comes very close.
573  Bitcoin / Bitcoin Discussion / Re: Some rich person not interest about bitcoin for following reason on: November 16, 2023, 04:19:55 AM
Since he is rich he has the luxury to ignore bitcoin completely. Unless he does something very dumb, he will never ever be poor again so why make life more complicated than it is? He can buy anything he wants since he is rich already. He may get even richer if he invests in btc but maybe he thinks he has enough wealth or maybe he sees bitcoin as a ponzi scheme which is still a common belief among many people. Either way we can’t force people to become believers of bitcoin. There will be some people that will ignore it completely and there will be haters also. Bitcoin/crypto is not the only game in town and he probably knows it well. There are other ways to grow wealth too.
574  Economy / Economics / Re: What is the right age for financial stability? on: November 15, 2023, 09:08:28 PM
30’s are great imo. You are not too old for anything and you are not too young, dumb and inexperienced. In their 30’s people tend to have some wisdom but still have enough energy to do some crazy things, it is the best time to declare financial independence and say “fuck you” to everything. The next best is obviously your 40’s. Some health problems may arise during this period but you can still enjoy your time, just don’t expect anything crazy or something might break. I haven’t talked about 20’s and I don’t want to really because we are all like little Tony Montana’s in our 20’s. Mindless monkeys who want to smoke anything we can get our hands on and fuck anything that moves. A recipe for a disaster. Frank Lopez did nothing wrong.
575  Economy / Reputation / Re: ~OgNasty's self scratching on: November 15, 2023, 05:23:59 PM
Refrigerator, empty. Theymos. Send beer. Community funds. My share. Fast plz.
576  Alternate cryptocurrencies / Altcoin Discussion / Re: is it still risky to Invest into Altcoin now? on: November 14, 2023, 02:12:03 PM
Alts are always risky. However there are two kinds of alts lately. There are those absolute shitcoins and there are good alts which has a long history. ETH, Doge, XMR, LTC are good alts for example. These have less risk than the other shitcoins. When you think about it any investment has some risks. The more risky it is, the more potential profits (and losses) it has. If you are a risk taker go on, buy some alts. In 2017 or 2018 there was a guy that turned his $10k alt portoflio into a million USD during that bullrun but since then there weren't any big alt bull runs happened. Maybe you will get lucky like him and become the next millionaire.
577  Economy / Gambling discussion / Re: What percentage of bitcoin investors are gamblers ? on: November 14, 2023, 02:00:28 PM
I don't think it is more than 10%. Being an investor and being a gambler are completely different concepts and most investors I know are definitely hate gambling. On the other hand, there are only a few gamblers that are serious investors. Investors are in the game of making money. Gamblers are in the game of losing it and somehow they don't realize the game they are in. Investors know that building wealth takes time, usually years and getting rich quick is a fairy tale. Gamblers think completely the opposite. They want to wager 1 and get 10 in return in a very short time. As you see these two different group of people don't have anything in common at all so I would be surprised to see a serious investor being a gambling addict.  They contradict each other.
578  Economy / Gambling discussion / Re: Why do you want to play on casinos without KYC requirements? on: November 13, 2023, 08:33:44 AM
Privacy is a basic human right. It is as simple as this. You don’t have to explain anything you do to anybody unless it involves criminal activity and that’s the problem of the police forces. Do you do KYC everytime you spend your cash at the grocery store? Why would I send my passport scan to somebody I don’t know about? If you give up your right to stay private, they will come for more. Soon, you won’t have the right to own property. 2030 is incoming.
579  Bitcoin / Bitcoin Discussion / Re: Bitcoin adaption in Turkey on: November 12, 2023, 02:49:52 PM
Turkiye is treating crypto like any other asset. The Turkish Gov. isn't recognizing crypto as a currency and starting from the next year, crypto profits will be taxed. You can buy and sell other currencies with the Turkish Lira all you want and pay zero income tax but that won't happen with btc since the gov thinks it is not a currency. I believe USA also tax crypto profits so I am not sure if the Turkish Gov are really doing the wrong thing here. However, since they don't treat crypto as a currency, that also means the merchants can't accept crypto for their goods&services and that kills a major use case for using crypto. Here lies the big difference between the US and Turkiye. In USA mercs can accept crypto as payment, right?
580  Bitcoin / Bitcoin Discussion / Re: Is bull run best time to promote Bitcoin related affiliate programs? on: November 12, 2023, 02:16:08 PM
Great thinking. Minds like yours will be successful in life no matter what happens. Basically when everybody wants to buy gold but you want to sell them shovels. When everybody wants to buy btc, you want to sell them miners. If you can't sell those for some reason, you want to give them reference links so they will be making money for you for a long time. I still have referrals which I got years ago and some of them actively making money. It is not a very big amount but it is enough to pay some bills and that's better than having nothing. The feeling of having a passive income is great. I do nothing and somebody somewhere works and makes money for me.  Imagine having a hundred more of these hardworking referrals, that would make anybody financially independent. There are other ways of generating passive income too but none of them as good as having referrals. The other options usually require you to invest in something first. (stocks, real estate, crypto etc...) Referrals require none. All you have to do is finding the right spot to post them links.
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