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1  Bitcoin / Bitcoin Discussion / Re: Ignore the dip and Invest in Bitcoin for long term on: June 26, 2022, 10:04:01 AM
This does not apply to altcoins because 99% of them are going to zero sooner or later, but for bitcoin -70% from ATH is actually a great place to start DCA. Maybe even buy a big long term bag. But the main question that market is trying to figure out right now is how will bitcoin act during global recession that we are about to see. Bitcoin was never in this situation. That's why I strongly advice to not go balls dip into bitcoin right now because risk are inestimable.

The simple fact is the biggest money managers and wealthy  accounts under management are currently moving money out of high risk assets. The recent collapse means they have lost a lot of faith in the system and it can take a long time to regain. There is an upcoming fuel crisis in the world and bitcoin is somewhat wasteful when it comes to energy usage. People with money are converting to cash with the hope they can make big bucks in the coming recession by buying near the bottom. It was also very cheap to borrow money until the last year which flooded the market with easy money, as interest rates go up that is vanishing.
2  Economy / Gambling discussion / Re: Can you trust a gambler with your money/savings? on: June 26, 2022, 09:44:45 AM
True life Story.
A friend i know recently narrated to me how his business almost collapsed due to trust he had for another of his friends who he thought he was helping by recruiting him to manage one of his Retail outlets. He narrated how having put him in charge of that point started observing a decrease in the the profit from there intended for savings and reinvestment. He confronted him severally to know what the problem was, but his friend attributed it to being ill and needing drugs, until one faithful day when he ran into him in a betting shop during working hours betting on virtual football games, how disappointing!

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?


It seems like you're asking two separate questions. Is this about someone working a job and potentially defrauding a company? Rather than trusting a friend on a personal level with your savings, which doesn't seem like a normal scenario that ever needs to happen. Why would you give a person your savings, when you know they have a problem with money handling? If they are a good gambler, playing with acquired skills, then they would never need outside funding from such a source and could build their own bankroll.
3  Economy / Economics / Re: UK inflation hits new high of 9.1% as food and energy price surge persists on: June 26, 2022, 09:39:42 AM
U.K. inflation hit 9.1% year-on-year in May as soaring food and energy prices continue to deepen the country’s cost-of-living crisis. The 9.1% rise in the consumer price index, released Wednesday, was in line with expectations from economists in a Reuters poll and slightly higher than the 9% increase recorded in April.

Consumer prices rose by 0.7% month-on-month in May, slightly above expectations for a 0.6% rise but well short of the 2.5% monthly increase in April, indicating that inflation is slowing somewhat. The largest upward contributions to the inflation rate came from housing and household services, primarily electricity, gas and other fuels, along with transport (mostly motor fuel and second-hand cars).

The Consumer Prices Index including owner occupiers’ housing costs (CPIH) came in at 7.9% in the 12 months to May, up from 7.8% in April. “Rising prices for food and non-alcoholic beverages, compared with falls a year ago, resulted in the largest upward contribution to the change in both the CPIH and CPI 12-month inflation rates between April and May 2022 (0.17 percentage points for CPIH),” the ONS said in its report.


The Bank of England last week implemented a fifth consecutive hike to interest rates, though stopped short of the aggressive hikes seen in the U.S. and Switzerland, as it looks to tame inflation without compounding the current economic slowdown.
More than four in five people in the U.K. are worried about rising living costs and their ability to afford basics necessities like food and energy over the coming months, according to a new survey.

Something will have to give soon, it's simply unsustainable when it was running steady for around ten years around the 3% mark. Any potential savings that were accumulated during Covid are getting wiped out and wage rises are simply not happening. Even if wages do raise it just causes the inflation rate to go higher. Maybe a recession is both inevitable and necessary to reset to equilibrium as it seems like politicians have no interest in governing certain sectors which are making runaway profits. Sadly it's the average person who will suffer and the super rich carry on regardless.
4  Economy / Gambling discussion / Re: Have you Considered a Career in Betting Consultancy? on: June 26, 2022, 09:34:12 AM


Betting consultants are gurus who have cracked the secret code of increasing one's chances of beating the bookies and sportsbooks. They provide professional betting advice to clients. Betting consultants have the experience, the reputation (they have consistently generated profits for clients over time), the expertise, and the necessary information needed to make the right betting decision. They are not Jack of all trades instead, they have their specialty. Specializing in one or more but not all of the following sports - Football, Baseball, Boxing, Horse Racing, Cricket, Basketball, UFC, Golf, and Motosport at both the professional and other levels. According to ZipRecruiter, the national average salary of a Sports Betting Consultant per year in the US is $69,887. 2

Just like Tony Bloom and others, it is possible that you can turn your hobby into a profitable business venture if you are confident of your skillsets. Have you ever considered a career in betting consultancy?

This type of job is bound to be extremely rare and the only reason it even exists is to arbitrage vast amounts of money. It's basically a finance job and will require all the highest level certifications and qualifications that would entail. It's not the sort of job and average person here would ever walk into. They are likely running a lot of software and analysis, potentially outrunning the skills of sportbooks. For a million dollar bet they might make 25k, the equivalent of making $250 for risking $10,000 - not a risk many would take with much less info.
5  Economy / Gambling discussion / Re: Importance of Multiplayer Gaming in Gambling Industry on: June 25, 2022, 11:34:46 AM
Pros
Multiplayer gaming is important to attract more audiences. It brings a sense of belongings to the user and meets the basic need of the individual in having a community. Players that are active in social interactions often stay and even encourage friends to join the platform.  With more people and peers involved, this may heighten the entertainment factor that a client received from the gambling site. Tapping Multiplayer Gaming and implementing it in a gambling system will definitely boost the gambling industry and may open or boost a new era in the gambling system.

Cons:
Another cause of dopamine overload.

Question in hand
What do you think is the effect of enhancing Multiplayer Gaming implementation in the Gambling industry?

It's actually surprising that more crypto sites do not offer a player versus player environment, but I guess it's a very fine balancing act. I have a feeling that it could cause a more toxic environment, especially if chat options are available and this might drive away players in the long run - there's an element of unpredictability. It might drive more anger and rejection than other types of games, while also making people lose money more quickly. The gambling site wants to keep you hooked and stretch out the "fun" for as long as possible, so they can work in alot of algorithms and feed lots of small wins back to the player while draining their account balance slowly. It also requires a lot more resources to prevent cheating as collusion can often totally ruin the odds between players.
6  Economy / Gambling / Re: risk of kyc on crypto casinos ? on: June 24, 2022, 09:06:04 PM
Looking for more crypto casino options,used to play on stake but had kyc asked over,is there any that has absolutely 0% chance of that being asked ?

ps: if you are a winning player (i know its rare or impossible) or won a big jackpot on any crypto casino, i would like some tips if you can,i can pay for your time,my telegram is @ ellieljonzz

There is always a risk of KYC eventually being required. You will find that most casinos start off small and are a little bit flexible, they draw in customers by being under the radar of regulators. They use zero KYC as a selling point and it helps because they don't necessarily have the means to validate them anyway. However once these companies reach a certain threshold, if they start using certain payment processors or third party systems (like support or security) then they will realize that KYC is essential to grow. At that point they will jettison the certain group of users who adamantly avoid KYC in return for the legitimacy it offers when trying to move into certain markets. Even if it just means they can advertise on a big scale in a country which they don't operate in, you're talking big money at stake.
7  Bitcoin / Bitcoin Discussion / Re: why can't bitcoin be based on something that has value? on: June 24, 2022, 08:59:14 PM
i dont understand why bitcoin has to be just base on people perceive value of it. and for someone to just artrarily fix the supply of them at 21 million doesn't make any sense. it should be able to contract and expand the # of bitcoins in existence. but because bitcoin is design very simplistically it is kind of like monopoly money. not backed up by anything.


Quote from: death_wish
It's a common myth.  Bitcoin’s price is not directly caused by subjective perceptions:  It is a result of the market, based on supply and demand.  Perceptions are one factor in the “demand” side of that.  There are other factors to demand; and perceptions do not alter supply.

Ultimately, Bitcoin’s fundamental value derives from its facilitation of productive economic activity, which would be costlier, infeasible, or impossible without Bitcoin.  I know that I have done productive non-Bitcoin, non-market business with Bitcoin, which I could not have done without Bitcoin.  That’s not extraordinary:  It is being an ordinary Bitcoiner who uses Bitcoin as money, rather than a purely speculative buyer who just wants “number go up”.  The more such people they are, the higher the organic, non-speculative demand for BTC.
i'm not saying bitcoin doesn't do that. but bitcoin has weaknesses. you can't deny that. the main weakness being that it is not backed up by something like gold. gold could then be used to measure the value of bitcoin. and gold has real world use. people wear it. it gets used in all kinds of electronics. bitcoin doesn't get used anywhere for any purpose. it's just imaginary.


Quote
This discussion of economics is far off-topic for the development forum.  I feel obliged to answer something that is more usually nocoiner FUD or newbie confusion.  If you have further questions about this, I refer you to Bitcoin Discussion or Economics.
ok well, the topic belongs somewhere.

If you don't understand why the limit is fixed at 21 million, then maybe you should step away from Bitcoin because it is part of the foundation and contributes massively to the price. People who hold it are more comfortable because the supply is restricted and rather low. It also helps that it is a relatively low number, because it helps to beat inflation and there is a natural attrition rate of lost coins which will help. Why does anything have value in life? Because people have agreed to trade a good or service, in return for another good or service - it is how currency works. Instead of finding someone who wants your good or service, you convert it into a unit which can be traded in a general market.
8  Economy / Gambling discussion / Re: Can you trust a gambler with your money/savings? on: June 24, 2022, 08:23:45 PM
True life Story.
A friend i know recently narrated to me how his business almost collapsed due to trust he had for another of his friends who he thought he was helping by recruiting him to manage one of his Retail outlets. He narrated how having put him in charge of that point started observing a decrease in the the profit from there intended for savings and reinvestment. He confronted him severally to know what the problem was, but his friend attributed it to being ill and needing drugs, until one faithful day when he ran into him in a betting shop during working hours betting on virtual football games, how disappointing!

Questions for discussion
- Are gamblers eligible to hold financial positions?
- Do problem gamblers deserve a second chance to hold a financial position?


The way you've explained it seems to be backwards, if your friend had known about the gambling problem then it's likely they would have taken a different stance. I don't think it's right to give someone who has an active gambling problem a financial position in a company, however people with such problems will often go to great lengths to hide it. Even if they don't actively start out with ill intentions, they likely have a problem with self control and cannot understand the odds they are facing. So no, gamblers should not be allowed near financial positions or you create very dangerous situations for a company and potentially put a lot of jobs at risk. They definitely deserve a second chance but should be open and be willing to prove that they do not have an active problem.
9  Economy / Economics / Re: Strong russia and china narrative vs weak usa but the thing is on: June 24, 2022, 08:10:53 PM
They say dollar going weaker and weaker usa economy dont look good....but here is the thing...the wall street is in usa not in russia not in china and by no means wall streeet moguls and bankers can become poor overnight.
Until we dont see same wall street who rules over everything from new york and chigaco we can not expecting china and russia strengh....or anyone has some info that wall street offices and data centers will be moved out of usa ? Until no moves the usa remain economically strong second might be london uk becouse there is city of london where is a lot trading going on so uk might be second important country after usa so economics of usa and uk cant go lower then russia or china there is no wall street in china either....world economic is run by wall street how they turn numbers up and down so we are depend of this factors.
Also dont forget that bank of new york they direct REPO transactions no country has so far no rights for this until we dont  see china or russia will set up REPO department to connect the markets with money liquitity we can not talk about china or russia power over usa the country who controls repo funds like fed and federal resrrve bank of ny does it will say how we role thats it.
Second point forget about gas oil food supply....if you have money you buy it so only matter is the who controls money supply.

I hope i clearified how the economy works.

The way you write needs a vast improvement if you expect to be "clearifying" anything at all, it's extremely hard to read and full of spelling mistakes - you need to structure it better so people comprehend what you're saying otherwise it's pointless. The underlying theme seems to be that China does not have a wall street, which in some ways is true, external finance needs to feel secure when investing in a country and the Chinese government is so erratic it is hard to predict their actions. This is a major turn off to investors who like stability and predictability, so a lot of financing is held off shore. Without independent institutions and a solid rule of law which cannot be manipulated to the whims of politicians, then they will never break free of this problem.
10  Economy / Gambling discussion / Re: Phil Mickelson Opens Up About Losing MILLIONS From Gambling on: June 23, 2022, 07:54:25 PM

https://www.youtube.com/watch?v=1qBpH9DK370

Quote
“Gambling has been part of my life ever since I can remember. But about a decade ago is when I would say it became reckless. It’s embarrassing. I don’t like that people know.”

Another biggest loser in gambling is on the list adding to the competitive personalities they have in sports. He had been gaming since 2010-2014. Five years of gambling, yet he didn't realized he is not that good like his prime, he must be chasing his loss like everyone who in the process resulted to more loss. Mickelson suffer over $56 million in gambling loss and also spend hours for his therapy. When a guy already enroll himself in a therapy, you can tell its already bad.

When you are the ones playing your sports, you'll trust on your skills which is why he bet so much too. I guess this is also what happened to the NBA stars who fell in same loss. It must be hard to cure such gambling addiction since he make a living out of golf sport, he is expose to this sport all his life. The only way I guess is to retire and if he still gambles after that, its really getting worse.


You know what? It's hard to have sympathy for somebody who reached the heights of having many millions handed to them and presumably working very hard to get them, only to fritter it all away on silly little games. There are so many more pleasurable things to do in life rather than waste money gambling sum large amounts. He could have invested most of that money in sensible stock market index funds and had a steady payout over time, probably earning hundreds of thousands of dollars a year in returns for doing very little, instead he played his money in very high risk and low return games. 99.9% of people in this world will never see a fraction of what he had in their lifetimes, he threw it all away chasing ever more greed.
11  Economy / Economics / Re: Inflation will not fall to 2% target for two years, Fed's Mester says on: June 23, 2022, 07:45:14 PM
Quote
WASHINGTON (Reuters) -Cleveland Federal Reserve Bank President Loretta Mester said it will take two years for inflation to fall to the central bank's 2% target, adding that it will be "moving down" gradually from the current level.

A surge in inflation, which is at its highest level in 40 years, has made hawks of nearly all Fed policymakers, only one of whom dissented earlier this week against what was the central bank's biggest rate increase in more than a quarter of a century.

"It isn't going to be immediate that we see 2% inflation. It will take a couple of years, but it will be moving down," Mester said in an interview with CBS News on Sunday.

Mester said she was not predicting a recession despite slowing growth.

"We do have growth slowing to a little bit below trend growth and we do have the unemployment rate moving up a little bit. And that is OK, we want to see some slowing in demand to get it in line with supply," Mester added, referring to forecasts submitted in the past week by participants of the Federal Open Market Committee's meeting.

Policymakers currently expect to raise the Fed's benchmark overnight interest rate, now in a range of 1.50%-1.75%, to at least 3.4% in the next six months. A year ago, the majority thought the rate would need to stay near zero until 2023.

On Friday, the Fed called its fight against inflation "unconditional."

Source: https://www.investing.com/news/economy/feds-mester-says-it-will-take-2-years-until-inflation-falls-to-2-target-2838671


  • Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years?
  • Do you think Fed can do that without causing a recession that may last for several years?

Inflation that is happening now is linked to several factors that the United States may not be able to move well, so Fed should be careful about monetary policy, analyzes indicate an interest rate of at least 3.4% in the next six months, which means more rate hikes of about 50 basis points each meeting in the coming months.

You have to question the intelligence and long term planning of central banks if history is anything to go by. At best when everything is going steady and things look all rosey then they have no issues predicting more of the same. However they always seem to be stung and very inaccurately forecast big problems before they happen, often simply reacting to events that you'd imagine they are paid to manage in advance. Apparently nobody could have predicted the runaway inflation that we're seeing now and the policymakers are struggling to catch up to current events, raising interest rates by large amounts in an effort to tame inflation but it also looks like they're acting too slowly again.
12  Economy / Gambling discussion / Re: Government Owned Online Casinos What Do You Think Of Its Potential on: June 23, 2022, 07:40:41 PM
The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country

Macau's Casino Operation Continues Despite The Latest Outbreak

What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned.

Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant

It's actually a rather good idea, however it is fraught with difficulties. On the one hand it's bad because the government would become complicit in the misery that the extreme end of the gambling spectrum can bring people and if they regulate properly then there is no need for them to interfere in this side of the market. On the other hand it could offer more rounded protection to player (e.g. a proper self exclusion scheme) and potentially be a great money earner for the public pocket - if people are going to gamble then they might aswell top up the government coffers during the same time. However it would be extremely hard to police, considering how open the internet can be and it is likely to get mired in wasteful spending in the long run.
13  Bitcoin / Bitcoin Discussion / Re: Iranian Government To Cut Power To Country's Legal Crypto Mining Platforms on: June 22, 2022, 08:21:40 PM
Iran's relationship with cryptocurrencies seemed to be moving forward in a positive way. Last year the Asian country issued licenses for crypto miners and formulated a bill to regulate digital currencies; now, it will restrict the energy of cryptocurrencies, this as a response to the energy crisis they are going through.

Quote
For years the country has heavily subsidized its electricity production, which has led to extremely low prices. He says this has now become unsustainable.
According to a report by Bloomberg, there will be 118 legal crypto mining centers that will be banned from energy from next June 22, before seasonal spikes in energy demand increase, said Mostafa Rajabi Mashhadi, spokesman for Iran's energy industry. , in an interview with state television.

Quoting via Twitter, Mashhadi stated:
Quote
"Last week, the country's electricity consumption recorded an all-time high of 62,500 megawatts (MW) during peak consumption, which is a significant figure. According to forecasts, this week's consumption requirement will exceed 63,000 MW, which means we must limit electricity supply ."

Source: https://cointelegraph.com/news/iranian-government-to-cut-power-supply-for-the-country-s-legal-crypto-mining-rigs

It shouldn't be a surprise to anyone as they've repeatedly cracked down on cryptocurrency miners in the past. They have a finite energy supply and are under a lot of pressure due to the long term sanctions against the country, so they are being rather resourceful with what they have available. In the peak summer months you can bet that the energy grid is under huge strain, as all those air conditioners add to the base load that is required. It eases off a bit in the winter months, when the energy supply can be freed up a bit and the miners are likely to be allowed back online. It's actually rather smart management and reduces the amount of waste at the expense of average consumers.
14  Economy / Economics / Re: US Gas Tax Holiday; is it necessary on: June 22, 2022, 08:10:05 PM
With the UK battling with high inflation rates caused as a result of high consumption of food, energy and gas, Biden is looking at playing Santa as he has decided to let off the federal taxes placed on gas due to a reason he believes has been an economic strain on the masses and feels doing this could help put him in a positive light by US citizens.
 The prices of oil seem to have reached an all time high in 14 years,  and while this move is commendable, it may not benefit consumers much, for the tax placed on gasoline is 18 cents per gallon and 24 cents for diesel, Economists see this as an unnecessary effort because it could bring about a waste to their public funds. Is this move fuelled by a desire to gain favors in the election or is he truely wasting public funds? https://www.nytimes.com/2022/06/22/business/dealbook/biden-gas-tax-holiday.html
 

People moan when prices of petrol go up, people moan when Biden tries to bring the price of petrol back down, there is simply no pleasing some. We are in rather extraordinary times, having just gotten out of the first global pandemic for about a century and now we're seeing the first large scale war between two large countries in Europe since the end of World War 2. Frankly, I like a President who stays rather quiet and just gets on with trying to balance issues behind the scenes, instead of a rowdy moron just trying to get in tomorrow's tabloid newspaper by spouting something more idiotic than the day before. At the rate that fuel prices are rising this is going to be rather insignificant in the long run, maybe further action needs to be taken to reign in the huge profits that the oil companies are squeezing out of consumers through unchecked greed.
15  Economy / Gambling discussion / Re: Would you bet on transgender only events? on: June 22, 2022, 07:56:50 PM
Transgender women joining sporting events that were originally created for biological women has sparked some debates for some time now. I wouldn't delve into the science of it since I'm not that good about these matters anyway hehe. People argue about their physical advantage over biological women and called for changes like having a different category.

Their call has been answered first by FINA when majority voted for a ban and the creation of an open category for trans women.
https://www.abc.net.au/news/2022-06-20/fina-votes-to-restrict-transgender-swimmers-in-competition/101166220

The rule by FINA was followed by the International Rugby League. More study will be done for a more inclusive policy.
https://www.abc.net.au/news/2022-06-21/international-rugby-league-bans-transgender-women-fina-policy/101169870

I think it will just be a matter of time before other sports organization will follow after them. Will there be a good market for this? I don't know but bookies will probably open a different line for the events exclusive for them. Would you bet if they do?   

I think it's better that they're in a separate grouping, because there is the potential for all sorts of complications and it would be unfair to women to be competing against somebody who was born as a man. Everyone should be free to choose what they want to be, however it should not impact on the fairness of the sport for other groups. It might be rather difficult to get a team going for some countries as it is something relatively few people are interested in doing and of those people there is a whole world of sports available. It might work better for individual games like tennis or golf, but women's sport has only really started to break through heavily (at the top end / televised level) in the last decade or so, it could be a uphill struggle to get recognized and rewarded.
16  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin become a global currency ? on: June 21, 2022, 07:57:02 PM
A wide range of virtual currencies have emerged over the past decade, such as Bitcoin, Lite Coin, PeerCoin, Aurora coin, Dogecoin, and Ripple. The most important of these is Bitcoin.

In fact, this article allows to analyze the functionalities of Bitcoin as a new world currency, as well as its characteristics which can hinder its use as a medium of exchange, unit of account and store of value by comparing Bitcoin to standard currencies.

Since its introduction in 2009, Bitcoin has also been characterized by a significant increase in the number of transactions and market capitalization, which exceeded 5 billion US dollars in 2015.

This leads to extreme price volatility of Bitcoin against currencies. standards. In order to understand the reasons for such price fluctuation, the authors try to identify the factors of Bitcoin price formation.

 Ciaian, Rajcaniova and Kancs (2016) analyze time series using daily data for the period 2009-2014. They suggest that Bitcoin's attractiveness indicators and supply and demand function are the most powerful drivers of Bitcoin prices.

 On the other hand, macro-financial developments do not determine the price of Bitcoin in the long term. Thus, the authors find that Bitcoin price fluctuations are associated with speculative investment decisions.

According to what proceeds, Bitcoin will not be able to compete with standard currencies. So the question we can ask : can Bitcoin become a global currency?
check out https://roz-key.blogspot.com/2022/05/the-digital-agenda-of-virtual.html

Bitcoin by it's very nature is a global currency, so it's a bit of a weird question to ask. Do you really mean, can Bitcoin become the reserve currency of the world and displace US dollars? No, would be the simple answer. It does not have the capacity to support the amount of transactions and is unlikely to ever do so. Maybe another crypto will come along in future, even Satoshi would not be so naive to think that it cannot be improved upon greatly - it was a test bed for this pioneering technology and we should always seek out the next innovation. It may continue to hold a place in the world similar to gold, however it needs to shake out some of the volatility first and find a more regular purpose.
17  Economy / Gambling discussion / Re: Mind Over Matter In Gambling Using Pendulum on: June 21, 2022, 07:49:54 PM
Do you believe in predicting what's coming up in a horse race, a boxing match, or any other match with the use of a Pendulum a divination tool in the olden days it may sound ridiculous but there are hidden stories about people who actually use divination with the use of Pendulum swing.

Many years ago a friend told me he is trying to perfect the use of Pendulum he has a 70% betting average, I lost contact with my friend and have no idea if he becomes successful.

Article about using Pendulum in football betting
The Mystical Magical Pendulum (That Loves Making Football Picks)


How To Use A Pendulum: The A-Z Guide

Do you believe that you can actually predict future events like horse racing and boxing match with the use of Pendulum.

What a load of bollocks. You might as well believe in ghosts, unicorns and dragons. Anyone who goes by such logic is destined to lose their money, they might go on a wild run that lasts in the short or even medium term, but reversion to the mean will mean they can never outperform thorough analysis. This is not to say that beating sportbooks is impossible, however it requires some refined skills, intimate knowledge honed over a long time and a keen eye for being able to spot pricing discrepancies that the very thorough analysis tools have not thought about. Just the other day someone posted here about a company operation that uses all sorts of micro elements like the weather on the day and if it is favorable to a certain team to try to determine an advantage.
18  Economy / Economics / Re: Is it possible that all cryptocurrency will become regulated? on: June 21, 2022, 07:43:33 PM
According to my analysis,  Means chairman Richard Neal was a Democrat politician in a Federal showed concern for retiring employees though I'm not sure if I understand this correctly however, you are free to correct me just in case I am wrong. Retirees need to be careful to put their savings on cryptocurrency investors due to the lack of government regulation. And I think his request to the GAO to provide data to cryptocurrency employers so that it can be regulated where they are obliged to pay taxes to the government.

I also like to ask everyone of you here, where if you are in favor that all cryptocurrency
must be regulated under byt the government?


my opinion - If ever all cryptocurrency will become regulated, that means all crypto employers can able to contibute in the economy.
if that happens the economy of the country could also increase, although it will in control by the government.

Do you also think that all retirees savings are prohibited to invest in the cryptocurrency?

my opinion - Not all retirees are open minded into cryptocurrency, there are some of them have an idea about this industry of business.
so if I am one of the retiree and have an idea about in cryptocurrency, I maybe put some of the percentage of my retiree savings
where even I know there is risk, but it still fine due to I am willing to loss it if ever I encounter bad things happens in the market.

Which is more safe Regulated Cryptocurrency or not Regulated?

my opinion - whether cryptocurrency is regulated or not they have both advantages and disadvantages.
Though its another topic, and I don't want to elaborate that.

It's very possible that it will become regulated in the end and this could be the greatest thing ever to happen to cryptocurrency. There are some people who cannot separate the supposed anonymity that crypto gives you and the benefits of a decentralized currency. It is the latter which will really shine through, because it offers less weak points than traditional payment networks if it is properly monitored. If crypto is to compete with regular transactions then it requires the cooperation of central banks, they currently have visibility of people conducting transactions within their jurisdiction and will only accept crypto fully once they can properly gain access to the same information for all sorts of purposes - including taxes and monitoring potential criminal activities.
19  Economy / Gambling discussion / Re: Can You See Or Tell If A Fight Or Event Is Fix ? on: June 20, 2022, 09:58:56 PM
It could be on basketball, boxing or horse racing, or any kind of sport, after being in a particular sport for many years can you see or tell if a fight or event is fixed, there are upsets but in the back of our mind, there's a possibility that the match or game is fixed.

The higher you get up the professional sporting leagues, the less chance you are to encounter someone who will be match fixing. It's not impossible, but people tend to get compensated better (which can be huge depending on the sport) and there is a lot more scrutiny of their play, which makes it harder to engage in such abuse. From the few pieces I've seen about it, when journalists have caught people out, it tends to be more obscure events that they try to capitalize on - like getting a red card at a certain point of play. This can make the people placing such bets stand out because it will be highly suspicious to the bookmaker who will be scrutinizing all large payouts and a large payout is required to make the risk worthwhile. Stick to the biggest teams/players and you're more likely to avoid such cheating.
20  Economy / Speculation / Re: Was 17600$ was the bottom ? on: June 20, 2022, 09:52:59 PM
Yesterday the bitcoin price dumped to 17,600$. A lot of people are saying that the bottom would be 12,000$ or 15,000$. Some even think that 6000$ is on the cards. However, we have seen some recovery in the price and it is now above 19500$.

Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?

We should be very careful at assuming that number is the bottom, we are seeking all sorts of problems in the world economy and it feels like they are just beginning right now. Stock markets took a mini tumble but we are barely breaking the surface of bad news to come with the inflation rate in many countries still widely out of control, people had a lot of savings from Covid and the jobless rate is low - but one day soon that flip will start to switch. Highly risky assets are among the first to be dropped and they have been taking a rather steady decline lately, it's possible if the stock markets drop quick in a crisis then Bitcoin will drop right alongside them. Now is the time to diversify a little if Bitcoin is all you have, I'd rather have 50% of something than 10% because I left it too late to get out.
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