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1281  Economy / Gambling / Re: FreeBitco.in is no longer a KYC free casino! (New terms) on: July 20, 2023, 02:10:05 PM
In fairness to TheQuin, indeed "under any circumstances" might simply be an exaggeration. They're hollow words. If worst comes to worst, they might not hold water.

There are still casinos not asking KYC under any circumstances? Really? Which ones are they please? Except few fully decentralized casinos/sportsbooks, I am not aware of that. It must be some tiny ones I guess, no?

If you tell me that the casino owner gets a gun to his head or his children are kidnapped and under threat of torture, then rape and then murder he has to ask for KCY, well surely yes there will be circumstances under which they can ask for KYC, but this is not what we are talking about here.

There are casinos that would not ask for KYC under any circumstances in the same way that there are mixers that would not cooperate with the authorities under any circumstances. Not too long ago we had one on the forum that did not cooperate and was raided for it. In the same way others at the slightest touch of attention from the authorities will collaborate.

As for casinos, not requesting KYC is linked to not having a gaming license, and the list of those that do not do so has been shrinking over the years, but at the moment of those listed in Mahdirakib's thread I have no reason to assume that they will request KYC.

If you are an average user, who does not bet in the casino more than a few hundred a month at most, rest assured that those who do not have a license and have ToS saying they will require KYC will not ask for it.
1282  Economy / Trading Discussion / Re: 10 tips to manage one's emotions while trading crypto. on: July 19, 2023, 02:30:57 PM
As far as I see it, an important component of being a successful trader has to do with psychology, with being able to control emotions, it is not pure mathematics. In poker something very similar happens, and the advice given on psychological issues in poker schools is similar. In the end, the emotional component accounts for a large part of the ROI in both trading and poker.
1283  Other / Meta / Lol. Has this ever happened to you? Merit sent again after refreshing. on: July 19, 2023, 02:00:03 PM


So, i had the tab with my merit history open and I don't know how I refreshed the page and what happened was the merit that I had sent the last one was sent again. I don't think this happens much and it's not a big deal but I'm commenting just in case.
1284  Economy / Economics / Re: Can your passion lead to an increase in your net worth? on: July 19, 2023, 01:48:54 PM
In story 1, Defossey left a job at Apple to open a BBQ restaurant in Mexico City. It made $9 million in sales last year. In story 2, Sean Audet, a 30-year-old, spent $0 launching a food photography side hustle, and now he brings in $134,000 a year.

The people in these stories followed their passion and created wealth through it. What is your opinion on following one's passion in relation to wealth? Can your passion lead to an increase in your net worth? If yes, what is stopping you from following it?

It depends on many things, including luck, because there are many people who have passions and do not make considerable money from them. In fact many do not even try or even cost them money.

Vincent van Gogh only sold one painting in his lifetime, so that influencer/coach thing of "follow your passion and you'll become a millionaire" didn't work for him.

I recommend doing it with brains. If you have a stable and very well paid job, do not leave it to pursue your passion that today gives you $0. Start on the side, see if you can monetize it, if the thing is growing, pile up savings in the meantime, etc. and depending on the circumstances you can take the big leap, but never do it crazy.
1285  Economy / Gambling / Re: FreeBitco.in is no longer a KYC free casino! (New terms) on: July 19, 2023, 01:39:03 PM
This is new to me, and by the looks of it is recent. We will have to see if freebitco.in continues to operate as before despite this new wording, and as TheQuin defends or we start to have complaints in the forum. Also if this is the beginning of a series of changes.

The fact is that there are still casinos that do not ask for KYC under any circumstances and freebitco.in is no longer one of them.
1286  Bitcoin / Bitcoin Discussion / Re: Don't expect everyone to embrace Bitcoin on: July 19, 2023, 01:30:37 PM
The earlier we understand that bitcoin is not for everyone, the better because it saves us the time and energy that we would have used to convince those who are uninterested, to move on to those who are interested and it can also drive adoption faster.

Bitcoin is such a good invention that it doesn't need to be actively sold. It sells itself. There will always be those who will not understand it, but little by little it will become more and more part of everyday life and it will be something like gold, but in digital form. Something that not everyone has, but knows what it is and is perceived as valuable.

I've read some threads here of some people trying to convince their family members on the positives of Bitcoin and get enraged if the said members don't share the same opinion as them...

I believe that at least half of them are made up stories to fish for merit. As for those that are not, I agree that it is not worth trying to convince anyone.
1287  Economy / Speculation / Re: Bitcoin - The road to a SIX DIGIT price valuation on: July 18, 2023, 03:45:02 AM
From an investment perspective, OK, I'm curious if anyone knows, when was the first modern ETF for Gold issued? Wikipedia says it was during 2003.
...
Zoom out Gold's chart to the maximum and look starting at 2003. Merely my two sats, but believe it will be the same for Bitcoin. It will have one of its greatest price trajectory we have ever seen during the next real bull cycle. Perhaps the same as 2015 - 2017, perhaps more?

Correlation does not imply causation. If I fart now and you see that it starts to rain, would you say that it started to rain because I farted?

Well, six digits is happening this market cycle without US ETFs.

Yes.

Last cycle high was $69k, I'd expect this cycle to hit ~$150k.

I think more or less the same, but maybe the price will go higher, what is clear to me is that $200K is a resistance that I doubt we can overcome in the next cycle.

Do you believe that $500,000 per Bitcoin is merely an exaggeration by 2025 - 2026 considering Bitcoin's trajectory since 2010?

Of course it is an exaggeration. McAfee already said he would eat his dick on national TV if we didn't reach that price by 2020. 2-3 years ago Dan Held's supercycle theory also predicted we would have reached that price this same cycle and the price didn't go over $69K. It is clear that the price will reach half a million but not as fast as some predict.

You can't take the price evolution from the beginning and think that going forward the price is going to grow the same, especially considering that the price growth has been the lowest this cycle of all. When the price and the market cap of an asset grows it costs more to move it. It is normal that in the future the returns will be like those of this cycle or lower, so it is logical to expect a maximum of 3.5 times the peak of the previous peak of $69K, probably less.
1288  Economy / Economics / Re: Can CBDC users lose control of their money? on: July 18, 2023, 03:30:13 AM
That CBDCs allow a higher level of control and manipulation to Central Banks is nothing new. Another thing is whether or when these features will be used, and the level of laziness of the people to accept them.

I am quite pessimistic in that sense. I think that CBDCs are going to be accepted and used by a large majority of the population from the start and that abusive uses will be accepted as just punishments against bad citizens without further ado.

The powers that be are not stupid and are not going to implement the abusive measures from the start, they will simply wait until they have a considerable level of adoption and start punishing as they find appropriate.
1289  Bitcoin / Legal / Re: Is bitcoin a legal tender or not. Why? on: July 18, 2023, 03:21:55 AM
My goodness, this looks more like a Bitcoin Discussion thread, where more banal discussions take place, than a Legal thread,  Bitcoin is legal tender where it has been declared legal tender by a law. Period. Not because of the considerations your friend may make for how it is used.
1290  Economy / Services / Re: Poker Bitcoin Rented Accounts ( montlhy Services ) on: July 18, 2023, 03:15:17 AM
Prices are paid montlhy for me , and we have poker Rooms like 888 poker, ACR, Redstar, Betsson, we charge around $900 per account motlhy, then you need to be a player who

earn more then that to make sense.

You are in the wrong forum. You are not going to find clients for your services here.

For someone to pay you $900, he should earn not simply more than that amount, because if he earns $1K, he is not going to play just to give you 90% of the profit. At the very least he should earn $2K or considerably more, and if he did he wouldn't be on this forum.

In my experience there are quite a few people on the forum who have played poker and have an idea but don't reach that level of professionalism.
1291  Other / Meta / Re: [TOP-200] The most generous users giving merits on: July 17, 2023, 08:31:28 AM
Take the last update above as a rough reference, 11809 merits were received by the population of 3009 legendaries, while the combination of Full+Senior+Hero members received just a total of 8037 merits despite making a whooping 31,715 in population. That number is more than x10 of the former's population, yet they receive even fewer merits.

I still urge our senior friends to consider this.

Apart from the good explanation that The Skeptical Chemist has given you, I would add that you do not seem to take into account that whoever created the system was not thinking of a socialist system of distribution of merits, which is what you are proposing, where you have to give them more merits to those who have fewer merits (lower-ranked members) simply because they have fewer. If he had wanted that, he would have stuck with the old system, where people ranked up by time and activity in the forum, regardless of the quality or garbage of the content they wrote.

That being said, there are several merit source that help lower-ranking members rank up when they need to. So the ones who make a decent contribution to the forum, even if they aren't some of the best posters, have plenty of opportunities and end up moving up the ranks.
1292  Economy / Gambling discussion / Re: Gambling effects on LGBTQ+ People on: July 17, 2023, 08:08:12 AM
Online gambling is a godsend not just for LGBTQ+ people, but for poor people, third world country people etc. It will always be superior to offline gambling in certain ways like this particular way.

We are actually lucky to be alive in a time where it's possible to gamble online without worrying about our financial status, race etc.

To me that article seems pure propaganda more than anything else. In most developed countries, LGTBQ+ people have more rights than ever and are less discriminated than ever. However, there are many people whose economic livelihood depends on the continued existence of discrimination. Studies could also be carried out to see if women, blacks or the group that comes to mind are discriminated against in gambling or in other areas of our societies.

The only reason why they are harassed is because they are the first to approach men who don't like sleeping with them.

Without denying that there may be some isolated case of what you say, it is generally not so. Gay people notice if you're gay or not, and if you're not, they don't bother you. At least that is the experience that I have had and I have had some friendship with a few.
1293  Bitcoin / Bitcoin Discussion / Re: BlackRock applies again on: July 17, 2023, 07:56:29 AM
I'm not excited about ETF solicitation either. Whatever happens, whether they approve it or not, I don't really care at this point, although I think it's going to be inevitable in the long run that there will be ETFs on Bitcoin and other cryptocurrencies like there are on the S&P 500 or stock picks.

Although halving is yet a year away, this ETF is probably the awaited part where the price of BTC will go up to $35k. If ETF approves this year + the halving a very good combination for the super bull run that will shoot to more than $120K.

First of all, we should point out that there is not a year left, but about 9 months.

Then, about reaching $35K can happen in a week without any special positive news needed for it. This is normal for Bitcoin volatility. With very positive news it could reach that level in a day or two.

1294  Other / Beginners & Help / Re: Bitcoin is the kidney of cryptocurrency on: July 17, 2023, 07:48:47 AM
Unpopular opinion: with the current state of the cryptocurrency markets, the entire industry will strive with or without Bitcoin. Things like Ethereum simply already found it's niche, and Ethereum and Bitcoin are pretty much in different categories despite both being under the blanket of "cryptocurrencies".

Perhaps unpopular in this forum but no less true. I am sure that some of what we call shitcoins are going to coexist with Bitcoin in the future, and Ethereum has all the look of being one of them. I don't think it's going to be more than a dozen or two, which counting that there are more than 26,000 and growing, plus the upcoming implementation of CBDCs that will compete with an advantage in that market, means that a lot of people are going to lose a lot of money.

For me Bitcoin is still the best today and I see no reason for this to change in the near future, we can call it kidney, heart or whatever, but I also believe that the future will be different from how Satoshi imagined it in the white paper: more a store of value than a P2P cash.
1295  Economy / Economics / Re: Building a prosperous business on: July 17, 2023, 05:50:34 AM
Well, that's an article written by this guy:

Quote
Content Marketing Specialist at Palo Alto Software and runs editorial for both LivePlan and Bplans, working with various freelance specialists and in-house writers. A graduate of the University of Oregon, he specializes in SEO research, content writing, and branding.

In general, I think he has made a good compilation of ideas, what happens is but he doesn't seem to be someone who has a lot of experience building up successful businesses, but rather gathering and structuring information, which chatGPT can do for you today.

This reminds me of those finance youtubers and influencers, who actually get rich by selling you a course on how to get rich, they weren't rich before.
1296  Economy / Trading Discussion / Re: Can gambling and crypto trading be considered as skills with $10k gain a month? on: July 17, 2023, 05:41:03 AM
• Can  gambling or crypto trading/crypto investment be considered as a skill?

Gambling in general no, sports betting or poker yes.

• Can a gambler or crypto trader/crypto investor earn as much as $10k in a month besides any of the aforementioned skills?

Regarding trading, I agree with the following:

Yes people can do $10k gain in a month with Crypto, but obviously the thing is the list doesn't contains that how much capital you need for it. A person having $100k in capital, for him this gain might just be one trade away. But for someone with $1k capital it might be impossible even if he has the skills, trading is very different than other vocations therefore. Capital is the very important basic requirement that you have in trading. Also even in the skills you listed I still don't think they can give a "Guaranteed" $10k a month.

In poker, and in sports betting I think too, what you can win depends on the bankroll you have, as long as you are playing within a beatable level. To win $10,000 a month you must be playing mid-stakes at least and depending on the hours you put in. In both poker and trading we should take into account the variance. In general you could make $10K a month assuming you have the necessary capital/bankroll and the right skill, but that would be an average of the annual results dividing the profit in 12 months, of which some will have had losses and even if the variance is extended it can last a year or more depending on the mode (with tournaments it would be worse).

So the "guaranteed" thing is a bit difficult, the best for that would be a signed work contract that pays you that much per month, the other ways involve variability.
1297  Economy / Speculation / Re: Bitcoin expected volatility below 50: Sign for a bull run? on: July 16, 2023, 06:43:26 AM
Do you think a similar bullish move might happen now again?

It is what we are all waiting for. Not only because of the indicator but also for other reasons, such as there is less than a year left for halving. The problem with indicators is that they serve as a guide but do not guarantee anything, although at this point we can say that the most likely scenario is a price increase.

Yes it’s a good indicator however the issues are that it can trade this way for many more weeks or months.

That's another one, we can't be sure when it will start.
1298  Economy / Reputation / Re: Someone Loan using My Account on: July 15, 2023, 01:41:04 PM
After going through the entire thread, I still don't understand what really happened.

I found it hard to understand what happened too. I had to read the whole thread carefully, and some posts to reread, because I find it quite shocking. The essential difference I see here is that in other cases, when an account has been hacked, the hacker took full control, but in this case he enters the account, asks for a loan and lets the person who created it handle it normally.

I have a sneaky suspicion that this might become more frequent in the future. Neither Peanutswar nor Woodie seem to have any idea (or they're not willing to share) how this happened, and mdgabrielzim remains silent about it.

This is the worst of all.

In my case I think I will never ask for a loan in Bitcointalk, and I don't think a neutral tag is even necessary. Nor will I put anything in my profile.

If any lender gives a loan to this account, Poker Player, without requesting a signed message from the following address, I won't be accountable:

Message: This is Poker player from bitcointalk. December30th 2020.

Address: 3MqbAyRieHuKH9VzKNQnvBBUwZ4dXrwSrb

Signature: INQEACt2vlczkMOZmn0JrQgig/wavq4fQfa1PKwHbaHpfqk6ffucbSR7BuoR3qc2GmE4OgOs7graZIHiTfDkXds=

Quoted and verified.



1299  Economy / Economics / Re: Biden's administration absorb students from loan debt. on: July 15, 2023, 09:12:18 AM
You do understand that money most likely stays in US and acting as a stimulus package and those people have now more to spend in US products, and that's indirectly driving economy up.

And US has insanely big budget anyway and this is like fraction of a drop in a sea. From outside looking in their taxation doesn't make any sense. They really should tax the rich more for the system to be sustainable.

I understand. As I mentioned, 39 billion isn't a lot of money. But if the U.S. President has the authority by executive action to cancel 39 billion in student debt, how does this conflict at all with SCOTUS striking down the 500 billion Biden tried to cancel earlier? The legal framework seems convoluted so I raise this as an issue because even if it's for a social/economic stimulus, the executive branch should not be in the business of printing money out of thin air.

And by the way, I don't think stimulus packages are a good idea either. The entire idea involves the federal government issuing a loan out to itself on behalf of their constituency. The federal government can never default on their loan so it comes money creation without consequences. Under an economic system where new currency couldn't be minted, then stimulus packages might work.

The idea of ​​friend o48o, that forgiving student debt drives up the economy is similar to the genius that if money is needed in a country, all you have to do is print it. Typical idea of ​​someone who does not understand the basic fundamentals of economics and offers simple and wrong answers to simple questions that have a complex (correct) answer.

I am not going to try very hard to explain that the USA is the country with the highest standard of living on the planet precisely because there are many rich people.
1300  Economy / Gambling discussion / Re: What attracted you to gambling?Share your experience whether good/bad. on: July 15, 2023, 09:03:45 AM
Well, as for playing poker, a while ago I met a guy who had a lot of money, he was always buying clothes and cologne, and going on trips all the time. I figured that money ran in his family, but in the end I found out that it was because he played online poker. It would be 2007 or so, when it was very easy to win as long as you learned to select starting hands and play ABC poker. At that time for a moment it crossed my mind if I could play but I discarded it because I saw it too strange, as everything was linked to gambling in general, a world that I did not understand. About a couple of years or three later I decided to learn and play when online poker began to decline due to the proliferation of schools, which lowered the ratio of fish/regulars at the tables, the rise of rake, events like Black Friday and the regulation that took place in European countries.

I have never made enough money from poker to think about devoting myself exclusively to it, but it has given me regular extra income, being the best years in terms of profitability the first, 2010 and 2011 I would say, and also the pandemic, from mid-March 2020, which showed that there were many bored people at home without much idea of playing who decided to play poker while drinking beers.
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