OP my advice to you is to stop giving advice to that friend because your friend clearly doesn't want to listen to you and greedy and in the end you are just wasting your time making sure that your friend doesn't fuck up his/her investment.
I agree. Giving advice to a person who doesn't seem to want to hear it is asking for trouble. On top of that about money matters, where the reaction can be visceral. If his friend was on the ball, would know that the most profitable strategy is just holding.
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Would it be fair to say Satoshi Nakamoto created a token to help solve issues relating to fiat devaluation, an overreliance short term economic/finance management and hyperinflation?
You realize that just solving inflation will not keep housing spaces affordable indefinitely? There is population growth, there is limited space there is a need for housing closer to city centers where there is no room left to build. A token, an altcoin a shitcoin or any defi project won't be able to magically transmute another dimension on top of the current one to make land affordable! And since you're referring to satoshi, your idea goes against one of the principles of bitcoin, and is more akin to fiat currency, as you want to fix prices just like in a planned economy. There have been numerous attempts at doing this, how did they end? Either with total failure or turning those areas of the cities into underdeveloped ghettos. In 2000 there were 282 million people in the united states, now there are 328, an increase of 46 million, 46 millions, twice the population of the entire metropolitan area on New York. You say "problems are more complex than creating a new coin". But is there a specific reason which guarantees a new token couldn't be utilized to solve poverty, hunger, unaffordable housing or other issues society faces?
Yeah, tokens will solve hunger, the moment you train your token to know how to handle a shovel and pick some apples. We have lived for two millennia with the gold standard, has that kept poverty, hunger, inflation, unaffordable houses away? Not from what I read in the history books. I quite agree with what you say. Would you agree that part of the solution lie in lifting restrictions on the construction of new homes, as I was commenting? On the other hand, with the gold standard, price increases were more contained and in relation to convertibility, but what has done the most to end hunger and poverty in the world has been mass production, which is related to the above. It is not that the system is perfect but it has led to reach levels of development and welfare throughout the world unimaginable centuries ago.
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...//...: I do not know what is special about Poker stars today, before when it had the best vip system that has ever existed and that gave really good prizes YES!! to be at the time the best rakeback in the history of poker, today it is another thing. On the other hand they do not accept crypto directly but if you can use crypto, neteller and skrill are good bridges to do it, but in my case I would never put a single satoshi in PS today. On the other hand, do not insult an industry that is emerging, cryptocurrency poker casinos struggle to gain their traffic, there is good crypto poker casinos(!?) of course there are. First of all, I haven't insulted any industry I have just said that crypto poker sites are nowadays much worse than the fiat ones. That's not insulting and it's the truth. The bitcoin acceptance thing was because of what might help adoption, not so much because I want to use it. Apart from that, I agree with what you say about Pokerstars, I don't play there lately, but the rakeback drop has been generalized and there are no good alternatives. The ones that give you a little rakeback have worse traffic, soft etc.
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Those who bought on July 2010 probably have sold their Btc when it was priced at $100, those who sold at $1,000 probably was considered as a strong hodler. And those who bought Btc five years ago probably has sold when It reached a $19,000+ ATH in 2017. So, I guess a lot of em would be learning the lesson then?
Not hodling means you don't trust Bitcoin even If it has been constantly increasing every year.
I hope some of them kept a percentege even if they sold when price rose. If you sell just a percentage of your Bitcoin holdings when price goes up, you can enjoy profits while remaining invested, like selling 25% when price reached $100, another 25% when it reached $1,000 and so on.
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Can cryptocurrencies do much to address these issues?
Yes they can to some extent but I don't think the solution comes from the creation of tokens. Price increases have two components: inflation due to money printing by central banks and the supply/demand ratio. Liberalizing is one of the solutions. More restrictive states have more prohibitive home buying and renting prices. On the inflation side, in general people should protect themselves from price increases by investing in assets that beat inflation. Today the most profitable and with the best future prospects would be Bitcoin. Those who buy Bitcoin will beat inflation, and to the extent that it becomes widespread for transactions such as the purchase of a house, this problem would also be moderated, although that is a long way off, as I do not see financial institutions giving mortgages in Bitcoin in the near future.
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Hello! Why in modern casinos everyone loses and all casinos grow so quickly, including all of them, depending on online, their bankroll is growing and they are ready to accept investments in their projects?! I have been in online gambling for about 15 years, if anything. I sit on many casino forums, almost everyone and always lose everything, even at a distance, which is logical. But there are lucky ones who are lucky enough to hit the jackpot or successfully place a high bet and catch a large multiplier. Maybe a modern casino uses the maximum psychology in its favor with promotions and conditions? What do you think, is it worth starting to play at an online casino at all, or is it better to invest this money in something worthwhile? Let's not let newbies go from first win to psychologist - how to stop gambling and lose everything! Let's talk about a rather difficult moment to play in a casino or not?
You have been online gambling for about 15 years but you, like almost all gamblers, don't understand the math behind it. If you understood it you wouldn't ask if it is better to gamble or to invest. Of course it is better to invest. Actually if you saw both graphs,one representing the casino's profit/loss as a function of time, and the other representing the gambler's profit/loss, you would see that they are totally opposite. The former tends to go up. The longer term the more it goes up. Whereas the latter tends to go down.
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Lately I see many people concerned about this issue. I am not worried at all. On the contrary, thanks to these institutions there is no turning back. They have put pressure on the demand side driving the price higher, they are making it easier for the masses to buy/use Bitcoin, in short, we owe the triumph in this cycle to them.
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1) Apple will fall in love with bitcoin.
2) Amazon will fall in love with Apple
3) All banks will collapse
Do you think that all the banks rely on Apple and Amazon in order to survive? I think that all the banks(at least in the USA) rely on the Federal Reserve System,so when the Federal Reserve stops the money printing,negative interest rates and quantitative easing,all the US banks will eventually collapse.Apple and Amazon have nothing to do with this. I guess that you are just trolling.Am I right? I wouldn't call that trolling. He's just said what he thinks without backing it with actual evidence. But the key is not central banks and the Federal Reserve, the key is that Google and Apple are going to offer banking services that will compete with the banks. Today, with cell phones, you don't need banks. That's apart from Bitcoin. The banking business as we know it is dead.
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Up until now, Paypal allowed you to buy Bitcoin. Now it will allow you to spend it. The purists will be unhappy that it will do so through automatic conversion to Fiat but this is yet another step towards mass adoption. "PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant.
Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly converted into U.S. dollars or other fiat currencies when making purchases, the same as credit card or a debit card would work inside a PayPal wallet, said PayPal — meaning merchants will not actually be the recipients of cryptocurrencies.
Calling it “a new way for businesses to get paid,” the checkout service is all about driving mainstream adoption of cryptocurrencies, said Dan Schulman, president and CEO, PayPal.
“Enabling cryptocurrencies to make purchases at businesses around the world is the next chapter in driving the ubiquity and mass acceptance of digital currencies,” Schulman said in a statement.
Cryptocurrencies are going mainstream with banks and institutional investors taking an interest, but the utility of Bitcoin and other crypto tokens when it comes to buying goods has always been limited due to their volatility.
But PayPal, which made a huge splash when it officially entered the crypto space last October, wants to smooth those wrinkles out and get its wide network of merchants onboard.
Since introducing the crypto service, PayPal has increased weekly purchase limits two times from $10,000 to $15,000 and then $20,000."Read more on: PayPal Pushes Crypto Further Mainstream With Checkout Service for 29M Merchants
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This is simply a scam. Please don't fall for it. These types of posts pop up every now and then on this and other forums trying to scam people. When you see an incredibly profitable offer, run away. Quite interesting, your last post was made on July 26, 2019, 07:11:48 PM and recently you have become active on the forum to rent your bot. I wouldn't bother why were you inactive, it's almost 2 years since you aren't active on the forum, and offering a bot where it requires almost 1 BTC to trade. Simple question, if your bot is effective and giving you profits then why you can't take a loan and trade with your bot? Since you are sure about your bot, then you shouldn't worry about repaying the lent amount. Isn't it a good idea rather than rent your bot? I'm keen. Please PM me.
Quite suspicious faking by newbie. I totally agree and I've tagged him.
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If my math is right then we have 2*(51!) ~ 3*10^66 combinations. That's quite a big number. And for each of those combinations the key has to be converter to address and checked.
Maybe somebody can further (greatly) reduce the numbers, but I don't know how.
I believe that people are not going to waste their time for 0.002B. If someone has a system that reduces the combinations (I doubt it) then maybe they will try it but it is a lot of effort for so little reward.
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You can invest onto gambling sites that offers a roulette game or build your own that's still winning at roulette, just the other way around though both are risky if it's not properly managed. Always have a good bankroll management but this isn't always as expected since we are talking here about gambling game that's purely based on luck.
I don't know if I really understand you here. You started well: investing in a casino is more profitable than playing roulette. The former has positive mathematical expected return whereas playing roulette has a negative one. But gambling is not pure luck, that's just for individual results. If you take into cosideration big numbers, it's all about mathematical certainty.
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I currently have crypto on Coinbase and Gemini. I'm not sure how you would go about putting them on a personal wallet, but is it worth taking the extra money and doing this? Those 2 exchanges seem fairly safe for holding the coins, but I also have no idea how much the hardware would cost.
Are you planning to hold? If so, get a hardware wallet. If you are going to trade, leave it there. It also depends on how much you have. If you have a lot and you plan to trade, you may also get a hardware wallet and keep part of your stash there.
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Well its hard to tell the effect of vaccine whether it is 50, 60, 70% rate of effectivity and no one really trust them fully, there is still money involved behind all these, so that the majority of people really believe in it, It is much better to give people something to eat, drink that can boost their immune system rather than taking this kind of vaccine which to other are not effective.
The problem with all this is the economic interests behind it. Normally we cannot rely on statistics, so if the statistics support the fact that the pharmaceutical companies make a lot of money, even less so, I think. Curiously, we hear little or nothing about boosting the immune system in a natural way. What a coincidence that it does not make money for the pharmaceutical companies.
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That's because you are not sleeping well. The normal pattern consists of being sleepy and waking up refreshed, having energy during the day. If it is the other way around, you are having sleep problems.
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The statements say people with a negative trust level of level two or more will not be able to participate. that's why I applied.
Seriously, man? Are you still complaining? Really? Actually I can't find one reason why the manager should accept you. This is your post history since you applied until you complained:
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This does not stop, gradually we see, and we will continue to see: 1) companies that buy bitcoin 2) companies that allow payment with bitcoin and cryptos in some way (even if it is with automatic conversion to fiat). Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry.
Visa has launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year, it said.
The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the U.S. dollar.
Visa’s move comes as major finance firms including BNY Mellon, BlackRock Inc and Mastercard Inc have embraced some digital coins, sparking predictions that cryptocurrencies will become a regular part of investment portfolios.Source: https://www.reuters.com/article/crypto-currency-visa/exclusive-visa-moves-to-allow-payment-settlements-using-cryptocurrency-idUSB8N27V00MWe have seen several news of this kind lately, and I believe we will continue to see them.
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wow thank you. checking on this now. if you have any suggestions, feel free to send it here. thanks dear
What does it mean to send me information and links here? Do you want to turn your theme into a mega stream? Would you like to rewrite the whole forum here? It will probably be more convenient to take the time and get used to the forum on your own. That's what I think. I get the impression that the OP wants to do everything too fast after having been offline for a few years. It is better to enter the forum regularly and read little by little. Information from this forum and other sources. Moreover, I see from your first message that you are interested in mining. So you just need to move to the mining topic, there you will find people who will certainly be able to help you directly on the topic that interests you.
Instead of moving it, I think it will be better to lock this one (maybe after a few more replies) and to open another one there.
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I believe that serious Bitcoin investors are not going to do it. If you spend fiat money on buying a Tesla, you are spending an asset that depreciates fast, on the other hand if you spend Bitcoin you are spending an asset that appreciates. Sure someone will end up buying one with Bitcoin but it's not a very smart decision. It is better to hold Bitcoin and exchange depreciating fiat.
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Hi.
Nowadays everyone is talking about the institutions getting into the game and how this is going to turn BTC into a serious asset, not a speculative one because they will hold it for a long time thus decreasing volatility.
But hodling is a clearly inferior strategy especially if an asset is volatile. I get that just hodling worked for practitioners and they got stupid returns (I'm a small time investor myself) but it was possible because BTC is a "new paradigm" asset that was worth peanuts in the "early days" (whenever that was for you) and just holding onto coins ignoring ups and downs still gave people fortunes.
Real smart strategy is to buy and low sell high obviously, and if an entity has $50M to dump into BTC, they can afford a guy who will watch the market and sell some if the price goes down to buy later at a lower price. Just because they transferred their chunk from coinbase to an unknown wallet, doesn't mean they can't transfer it back.
At some point this bull market is going to top, and there will be selling. Institutions are more calculated than retail, but no one wants to be last when a selloff happens, no matter if you're big or small. So if we get to let's say $200K and fall from 50% there, BTC will still be a speculative asset, because all those institutions who poured in at $110-200K will not be in profit and if they keep their stash their hope will be price appreciation in the future (speculation).
I guess if some biblical super cycle occurs and BTC eats gold and other "safe" investments in one go it will become the main "store of value" game in town and not a speculative asset anymore. But that seems to be too optimistic for now, although who knows.
Anyway, what do you think about this institutional investor thing?
Your theory doesn't hold in my opinion. Holding has been, still is and will be the superior strategy. Playing trading has much more risk of losing your money than simply holding an asset that is on its way to replacing gold, at least in part, as a store of value, as well as other traditional assets. What we are seeing in this cycle points to that, institutional buy-in, ease of purchase, increased demand, etc. It's not a matter of optimism, it's a matter of observation.
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