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1161  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 15, 2020, 10:56:08 PM
He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.

Are you sure he is "day trader"? because here we talking about exactly day trading, not some month options or futures trading. It's normal, unlike day trading, because of one fundamental law (and maybe paradox) that it's more easier to predict what will be after 10 years with a market , than what will be after one month. And of course, noone can say for sure what price will be tomorrow. (Paradox, because in many other parts of our life you can predict more precise what will be tomorrow, than what will be with you after 10 years or even month)

Soi still consider day trading as a gambling.

Yes. I am sure that he is also a "day trader". He spends a lot of time in front of his monitors . It is very difficult to lure him to any friendly meeting. And even if he comes, he always has a laptop with which he controls his exchange accounts. I sometimes think that he sleeps with a laptop)
In fact, it trades in different markets and in different ways, but it spends a lot of time on "day trading".
1162  Economy / Gambling discussion / Re: Gambling issues? Read this! on: May 15, 2020, 10:12:06 PM

People who are addicted are hard to give advice because they do not think that advice is good, but with relatives or family that is the reason why gamblers should be close to them I am sure this problem will be overcome with enough time because it is not easy for addictions to Stop.

But they will play any means to bet and stay at home because that is the reason to avoid being advised by good people, so it must be controlled by it.

I explored these sites in more detail and found that in one organization, people are helping, who have overcome addiction themselves. Their advice will be especially valuable because they have been through it themselves.

It would also be useful to create a topic with links to similar organizations from all over the world, not just from Australia.
1163  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 15, 2020, 09:32:07 PM
To be able to ensure that the stats are realistic, you need to play a lot of session in a certain game so you can analyze properly and to determine if you are consistent already to go with bigger bets, but in your case, you are playing roulette, this is a luck based type of game, you don't need statistics for this.

Statistics in any case will be realistic if you record true data. And you will do this not only when you win, but also when you lose.
The percentage of losses or winnings will be more accurate the more games you play. However, you do not need a percentage, but exact figures of how much money you lost or won.
1164  Economy / Gambling discussion / Re: Gambling issues? Read this! on: May 15, 2020, 12:37:47 PM
Every gambler knows sites and places like this but the main problem of these addicted gamblers is that they don’t agree that they are addicted and don’t listen to persons telling them to stop.The ones who realize that they have become addicted they call the above services and go there to seek help without any additional advice.

You're right. In another topic, I wrote that the main problem of a dependent person is to realize that he has an addiction. It is after he is aware that he can get rid of the problem.

In such an organization may apply to relatives of the players. They can be helped in the form of a story about how to help rid your husband/brothers/son, etc. from addiction.
1165  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 15, 2020, 12:17:18 PM
In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

When you talk about "part of their own team" of gambling that you have in mind? I don't quite understand this expression.
Do you mean that in some cases the game may be dishonest and thus they can earn a profit?

I think he is referring to sports betting, where you some kind of fix game happen, you know when you are part of the team, you have a lot of knowledge and you might know some information that are not available publicly, and also you can fix the game if you are betting on it, but in these case does not happen all the time, I mean its very rare and this is illegal.

Wow. I would not consider such options. It is unlikely that any law-abiding people would agree to such a thing. Criminal liability is possible for such manipulations.

I have heard of such manipulations in football, when the team's players placed bets on their loss. This team was then banned from playing in the championship for several years, and the main organizers were put in prison.
1166  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 15, 2020, 11:46:24 AM
In the case of gambling those who are part of their own team are more likely to win No one can easily make a profit by gambling like this That's why I trade from gambling. It is possible to make more profit by trading. Even if there is a loss, the amount of loss can be reduced but in the case of gambling it is never possible You are right that there are many families who have become destitute by gambling. That's why I think it's better to trade short-term every day than our gambling.

When you talk about "part of their own team" of gambling that you have in mind? I don't quite understand this expression.
Do you mean that in some cases the game may be dishonest and thus they can earn a profit?
1167  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 15, 2020, 10:21:28 AM
I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

Why it isn't? If you are gambling with the purpose of improving yourself so you can be profitable in the long run, then tracking your bets is a must, that would give you a big picture and you'll be able to analyze things clearly.

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.

Keeping track of your gambling money may give you advantage to have a close look at your profit & loss and play gambling with care but at the same time if takes away the fun of gambling from you. You will be more concern about your financial gain or loss and will not be able to enjoy the gambling.

So don't people gamble to try their luck and make money? I remember my first win at roulette. I was a student then and won the amount of my two monthly scholarships. I was overcome with emotion.

It doesn't take a lot of time to record your final statistics and you can do it after the end of the gambling game.
1168  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 14, 2020, 11:51:57 PM
I don't track my gambling data cause it's a hassle for me and I think it's not justifiable for me to record my own gambling data.

Why it isn't? If you are gambling with the purpose of improving yourself so you can be profitable in the long run, then tracking your bets is a must, that would give you a big picture and you'll be able to analyze things clearly.

Maybe he doesn't understand why it might be useful.
I believe that keeping records of your losses and winnings can be useful for rational financial accounting and proper management of your money. And it will also help to stop a person's addiction to gambling for those who lose a lot of money.
1169  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 14, 2020, 11:42:28 PM
Personally, I know several fairly experienced and successful traders who make a living trading. But I do not know of any avid gambler who would profit from a long distance. All of them constantly lose their money. I don't count poker here.

Really? I don't know anyone, who only trading. Most people besides trading, also doing something else, like selling signals, courses of trading, insides and so on  Smiley

And yeah, situation with gamblers is worse. Even with poker players (except those selling poker courses  Grin ). So i considering this two professions enough close

Really. My friend introduced me to cryptocurrencies. I've known him for more than 20 years. He has a huge experience of trading in various markets, about 5 years ago, he started trading here. My friend does nothing else but trade.
I also know two people who lost their families to gambling. One of them used to be my neighbor.

Perhaps this is only in my circle of communication so. Some people may have successful gamblers in their social circle.
1170  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 14, 2020, 11:13:06 PM
Yeah, it really sucks to be them,...
I remember last week, though it wasn't all about trading but investments in general, there was a group that is full of noobs, speaking as if they're true professionals in crypto, but you'll see that they're just spamming nonsense lies.

Experienced traders rarely write about their success. Even less often, they write about their strategies. Only noobs like to write about their fictional success in trading.

Anyways, In my case for being a noob back on that days, I did only try to invest a little and learn how it works then finally I found the way to make money, though youtube has a point on giving me some info 😂

I also read about cryptocurrencies for a very long time, studied the technology, and learned the theory of investing and trading before placing my first Deposit. And now, a few years later, I still can't call myself an experienced trader.
1171  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 14, 2020, 10:19:27 PM
Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin

All the better for those people who know how to trade. I say that the skill in trading is very important. Inexperienced traders at the beginning of a big fall wait a long time and start selling only when the price has fallen very much. At this time, experienced traders take advantage of the situation and buy coins at a much lower price.
And in a game of dice everyone presses the throw button) No one needs the skill there.

Yes, but many people cannot wait for some time, and they tend to panic if they see the price drops too far. If they don't know how to trade, then they might be a gamble because they will not see how the chance to pick the right coin. That will like a gamble for me Grin
I think that users aren't really a trader. And doesn't know how digital assets means.

In the crypto market, new people often appear who want to get rich quickly. They do not learn, they do not read, they immediately rush to trade. And they lose their money. Then they go to tell everyone that nothing can be earned in cryptocurrencies.
1172  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 14, 2020, 11:44:00 AM

Yes, I agree with you. In the trading, crypto or forex trading, we really need to have experience and skills to get the right coins so we can make a profit. And that will not be the same as gambling. When you don't have luck, then you cannot get a win. But both, gambling and trading will not be easy to make money because we need to know the right timing to enter the market. In gambling, we need to know when we can stop gamble, so we don't lose all of the money.

Entering the market is absolutely not a problem, especially if you enter such coins as bitcoin, Ethereum, they can restore their price even after strong falls. The whole question is just about waiting time.
In order not to lose a lot of money in gambling, you need to be able to determine for yourself the amount after the loss of which you stop playing.
1173  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 13, 2020, 04:27:02 PM

I perfectly understand you, mate. In fact, who wouldn't want that? Smiley That's why some people are going to Las Vegas once in two-three years or so, to put all their worries aside and to gamble away a few hundred bucks, keeping no track, no anything. And that's fine. What is not fine is living like that all the time. Some rich folks engage themselves in this harmful way of living, and they can't stop until they hit the very bottom. Do I envy them? Hell no!

So, it's kind of a good thing that we don't have unlimited resources and that we must keep track of our gambling activity. It helps us to evolve. While their wealth only helps them to degrade.

I've never been to Las Vegas and I've never been drawn to it. In my country, there is a casino in every major city and there is no problem to go and play. However, most people understand that gambling is addictive and do not visit casinos at all.
My friends and I sometimes go to these places to have a good time, but we always have our expenses limited. And how I wanted to be a millionaire and spend a couple of million and not take into account these losses.  Grin

However, you are right that it is better not to relax completely, it can tighten.
1174  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 13, 2020, 03:09:52 PM

So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.

You need luck in trading also. Remember the leverage platforms which pay to 10x-100x leverage amount and you have to guess the right movement of bitcoin. I think luck plays a major part there too but people think that they have skills and therefore they did a successful trade, which is not the actual reality.

Oh, right. I completely forgot about trading with leverage. I trade coins without using leverage. Really who trades with a shoulder of X10 or more is a really crazy guy. And this person must rely on the God of luck in addition to their skills.
1175  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: May 12, 2020, 10:05:46 PM
~
Some avid gamblers may specifically refuse to track how much money they lose. For example, not to worry about losing a huge amount of money in a short period of time. Or so that the wife doesn't see such records.

That would be a bad practice, I'd say. Keeping the track of your wins and losses in gambling can help you improve your money management overall, which can be very useful in your other activities. Gambling can be a good platform for learning the very basics of economy. Only don't gamble with high amounts, lest your education become too expensive. Wink

There are a lot of smart people who understand the need to keep track of expenses and income in gambling. However, there are always people who do not understand this. They live quietly and do not worry about anything. From time to time, they lose a couple of hundred bucks in poker or roulette.

Sometimes I envy such insouciance.

Well, it's fine if they can afford it, but it's only fine up to a certain limit. Typically, people start to degenerate mentally when there is no need to worry about anything for a long time.

It's just that we're all discussing how to keep track of our expenses. How to spend less on gambling. How to get rid of addiction. How to earn money to provide for your family. And someone absolutely does not worry about anything and plays for fun.
So sometimes I want to put all my worries aside and not worry about anything)
1176  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 12, 2020, 08:36:31 PM

In gambling games, there is no khurus skill, just rely on your luck, you will be lucky, but what can be controlled in gambling is greed, so you can play gambling without losing big.

In trading it is possible to talk such as analysis and skills that we must prepare to know which coins we trade for profit.

But gambling is always challenging where we can play again even though we have suffered huge losses.

If it is fair to say that in some gambling games require skill. For example, poker or sports betting. That is why when I say that gambling requires more luck, I specify that I am not talking about all types of gambling.
In trading on crypto exchanges, too, luck will not be superfluous. However, here skill is more important than luck.
1177  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 12, 2020, 07:01:30 PM
Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.

The more we can learn, the more our chance to make a profit. Not just learn for another lesson, but it is also learned from your mistake that will give you another lesson. I also make a mistake in trading by analyzing the wrong entry point, so that makes me get lost, but that is not stopping me from learning more about analysis. It is different from the dice game as we know that we need to have the luck to win.


So I'm not the only one who thinks so. I am very happy that there were many responses to my idea and we all share the same opinion. For trading on crypto exchanges really need to have the necessary experience and skills, and for most gambling games, you need to rely on your luck.
1178  Local / Oбcyждeниe Bitcoin / Re: Энергоэффективность Биткоина on: May 12, 2020, 12:16:48 PM
~
Кстати POS NXT-a который кажется с 2014 года существует, так до сих пор никто и не взломал, если не ошибаюсь. Или ломали (именно NXT-a)?
~

Не слежу я за POS NXT-a. Но если до сих пор его никто не взломал, то это ни о чем не говорит. Существуют сотни монет со своими блокчейнами, которые никто никогда не взламывал по той простой причине что они никому не интересны или себестоимость взлома выше чем профит от него.

На самом деле все в миллион раз печальней. Расчет может сделать любой школьник если немного погуглит справочники.

Справка 1
Самый крутой на сегодня асик
дает 110 Th/s
жрет 3250 вт = 3.25 кВт
пруф

Справка 2
На сегодняшний день хэшрейт сети биткоин составляет 120 000 000 th/s

Справка 3
Среднее число блоков биткоина за сутки = 144
Среднее число транзакций в одном блоке = 2000

Считаем:
1. 120000000 / 110 = 1090909 асиков надо чтобы обеспечить биткоин сегодняшним хэшрейтом
2. 1090909 * 3.250 * 3600 = 12763635300 кВт ч (МДж) энергии жрут все асики биткоина за час
3. 12763635300 * 24 = 306327247200 кВт ч (МДж) энергии жрут все асики биткоина за сутки
4. 306327247200 / 144 = 2127272550 кВт ч (МДж) энергии сжигает сеть биткоина для одного блока
5. 2127272550 / 2000 = 1063636 кВт ч (МДж) энергии сжигает сеть биткоина для одной транзакции

Много это или мало?
Разберемся. Для этого еще пара справок.

Справка 4
Удельная теплота сгорания нефти 46 МДж/кг


Справка 5
Оптовая цена нефти 17 000 руб за тонну

Считаем:
6. 1063636 / 46 = 23122 кг = 23 т нефти нужно сжечь для одной транзакции.
7. 23 * 17000 = 391000 руб = 5213 $ стоит одна транзакция в сети биткоин.

Расчет проводился в предположении, что эфективность майнера = 100%. Реально она меньше 30%, то есть сумму в седьмом действии надо еще на три умножить  Sad

Такой вопрос. А почему вы все затраты относите только на себестоимость транзакций? Ведь сеть работает прежде всего для получения наград за добытый блок, а не для обработки поступающих транзакций. Это через сколько-то лет, когда после нескольких халвингов награда будет составлять копейки (при текущей цене), вот тогда все мощности будут ориентироваться только на прибыль с транзакций и соответственно хэшрейт будет в разы меньше. Поэтому я бы себестоимость майнинга раскидывал пропорционально получаемому профиту от транзакций и наград от добычи блоков.

И еще стоит учитывать, что на многих электростанциях, особенно гидро и АЭС образуются избыточные мощности (в ночное время, например), которые проще раздать бесплатно чем снижать генерацию. И вот эти мощности для крупных предприятий отдают чуть ли не бесплатно. Можно конечно отказаться это принимать в рассчет, но крупные манийнговые фермы строят как раз в тех местах где есть возможность серьезно экономить на электричестве.
1179  Economy / Gambling discussion / Re: Wagering More or Wagering Less on: May 10, 2020, 09:47:43 PM
Well, every companies do promotions like discounts and other loyalty programs to make consumers loyal to them, same as with gambling for these rewards can encourage everyone to play more and wage more just to get these rewards. Furthermore, --these rewards could not really compensate your losses it is just like a trap wherein the company will benefit more on this since you keep on wagering more only to be eligible for the rewards. Indeed, for me as always I will bet only up to my limit and when I reach the limit I will stop playing with or without rewards.

What will you do if your limit ends just three bets away before you receive a guaranteed reward? Will you place these three bets above your money limit?
1180  Economy / Gambling discussion / Re: Gambling is like day trading ? on: May 10, 2020, 06:44:17 PM


Technical analysis works well in the stock and currency markets. In the crypto market, I have seen enough cases when technical analysis made serious mistakes. I may have applied it incorrectly and these were my mistakes. However, it is true that gradually the more you trade you learn to do it better and better. And for a long period of time, a skilled trader will trade with profit.
When playing dice, you can't influence the result in any way with your ability, you only need luck.

You are right I think there should be two separate technical analysis for crypto and the stock market.


In fact, this is proved by the fact that technical analysis only works if the majority of market participants believe in it and follow its rules. In the crypto market, many traders do not have experience in technical analysis, so they do not use it. They rely more on their intuition and luck. This is why gambling and trading on exchanges are very similar for them.
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