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1221  Economy / Collectibles / Re: [WTS] 4x Aluminum Casascius Tokens on: April 15, 2023, 12:29:02 PM
I'll take 'em, PM sent

Confirmed sold pending payment.
1222  Economy / Collectibles / Re: [WTS] 4x Aluminum Casascius Tokens on: April 15, 2023, 08:13:38 AM
Dropped the price again to roughly $45 per piece, take all four for $150. They're in great condition and a perfect entry coin if you're starting out, or help fill out a gap in your collection
1223  Economy / Gambling discussion / Re: cashout money on: April 14, 2023, 09:22:13 PM
hello is it possible to cashout money  without being the owner  without having documents to proof you are the owner  and when the account is frozen?

only thing i have is that payment method that was used  was mine and the cashout would go towards that account

You seem to live in an alternative reality but back in the real world that money is effectively seized. You need to explain more background around why it has been restricted by a gambling site, because they can do this for a multitude of reasons, like if they think it is stolen, related to some previous illicit transaction, is such a large sum that they have to give a good explanation to their regulatory body, etc. It sounds like they just expect you to go through a Know Your Customer type transaction, which is becoming the standard these days and will soon be found at the vast majority of major cryptocurrency casinos and sportbooks. Why can you not provide such documentation, or you simply don't want to?
1224  Economy / Economics / Re: "Greedflation" has gone too far! on: April 14, 2023, 08:51:30 PM
Quote
When costs go up, so do profits? That’s not how capitalism is supposed to work, but that is the recent trend. For over a year now, consumers and businesses, both in the U.S. and worldwide, have struggled with stubborn inflation. But the soaring costs haven’t prevented corporations from raking in record profits. The companies in last year’s Fortune 500 alone generated an all-time high $1.8 trillion in profit on $16.1 trillion in revenue.

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

It's a sad fact that it is the politicians in our country that are letting us down. They are the ones that are meant to be setting and strengthening laws that keep corporations in check, that keep them and their owners paying a fair contribution to the rest of the country which they rely on for profit. All too often these politicians undermine and betray the public who vote them in, to get wealthy themselves, but it is not a job I'd ever envy having either. There is a lot of money at stake at the highest echelons and if you don't play the right game then you are often targeted for replacement. They have to walk a very fine line between appeasing corporations while trying to keep existing laws fit for purpose.
1225  Economy / Gambling discussion / Re: do you lose on slots? on: April 14, 2023, 07:48:54 PM
i play slots hoping to win 'big win' or 'jackpot' but many times it don't hits and my balance get drained after betting many times in one slot machine. i play more bets hoping it already took my so much balance it will definitely going to hit this times, but it never happens, and my balance becomes "0".

so i am sharing some tips to avoid this type of losing streak or bad luck in slots.
here it starts:

1. always set a budget for playing slots and stick to it. do not chase losses or try to win back what you have lost by playing more.
2. if a slot machine does not hit in 7-10 spins, consider trying a different machine. this can help you avoid getting stuck on a losing streak and losing more money.
3. if you have been playing a slot machine for 50 spins and have not gotten any free spins or big wins, consider switching to a different machine.
    this can help you avoid wasting money on a machine that is unlikely to pay out.
4. avoid playing slots from Pragmatic and Gamomat as they tend to have low payout percentages and are not as likely to result in big wins.
5. be careful when playing slots from Belatra and Spinomenal as they can be unpredictable and may not always pay out as expected.
6. if you do hit a big win, consider tipping any nearby players who may have been unlucky or busting. This can help spread good karma and keep the atmosphere positive.
7. avoid getting "slot psychosis" where you get stuck on one machine for too long. remember that slots are based on random chance and there is no guaranteed way to win.
    so, take breaks, switch machines and remember to have fun!
8. first check the RTP (reward to player) and RTP should between 96%-100%

Everyone loses on slots in the long run. Some of these ideas are a bit silly, like moving slots if it hasn't hit in 7-10 spins. If you play for long enough then it's inevitable that you will get both win streaks and losing streaks. There could even be underlying manipulation algorithms that kick in if the casino decides that it needs to recoup a big win that you might have achieved. There is no skill in these games and every single penny is controlled by the casino to maximize their profits. Why would you tip nearby players who have absolutely nothing to do with your wins? I've never seen this activity before and it makes zero sense, if you feel the need to tip someone then give it to casino staff who have to see a lot of negativity from losing players.
1226  Economy / Economics / Re: Does anyone notice the "investment cost" ? on: April 14, 2023, 04:05:21 PM

One question bothers me a long time and I am not sure if there is anyone that thinks about this before. Let's say you invested $10K in Bitcoin when the price was $20K,  and some time later the price pumped to $40K, which means the initial capital is now worth $20K. For some reason, you need cash urgently so you decide to sell the Bitcoin you own for cash. You do it and now you have that $20K on hand.

In this process of trading, your profit is $10K for sure, regardless of whether the Bitcoin price will pump or dump. If you won't invest again, this beautiful success should be what you are proud of. However, 99% of us will choose to buy again and hope for the next success. However, now you buy at $40K and the price may drop to a new low below $20K later, and the profit you gained from last trading may be eaten up gradually by the market dump.

Connect the two dots(two extreme conditions) and draw a curve, high chances are that at last, your profits from all investments may not be that much, at least much less than what you expected when you first gained that $10K. Therefore, all the occasional profits between investments may become fixed or variable costs that these investment must pay.

Does this sound logical to you ? What do you think of all the interval losses from the investment gains ? Please let me know.

It's definitely a blindspot that many people have when they come to determining how successful they are at trading and it's a similar effect to what we see with gamblers. There is a tendency to hone in on the few large wins, but overlook the many small losses which often wear down your investments. It is only when you completely cash out that you can judge your profitability, in the scenario you've highlighted, no profit was made by the trader at all - they probably also lost money because the value of what they invested was being inflated away in fiat terms during that timeframe as well. These sort of assets are also not producing anything of value, so you don't naturally get an income from dividends or profit reinvestment like you would with a share of a company.
1227  Economy / Gambling discussion / Re: Crypto casino sports betting for gamblers at local bookmakers. on: April 13, 2023, 08:58:39 PM
I will share a little of my experience when I invite some friends who like to bet at local bookies.

A few months ago about 4 of my friends came to my local town house to bet on a football game and after a while they were arrested by law enforcement in my country because I live in a country where gambling is strictly prohibited and there are laws in it. They were all jailed for several days and had to pay fines to be released from prosecution.

Here I feel sorry for them if they have to deal with the law again so I teach and give them an understanding of crypto casino, after understanding I suggest using crypto casino which I believe they can use as well so they can bet on every sporting event freely and without having to afraid to face the law again.

And what concerns me is that one of them actually becomes a gambling addict in a crypto casino. It was a pity that he had lost his senses and forgot about his responsibilities as the head of the family to the point where he was more concerned with money at stake.
From that incident I felt very guilty for inviting him to bet at a crypto casino until he became an addict.

I want to ask for advice and input from members here, what should I do to deal with this friend of mine and how should I react to it because he became a crazy gambler because of my invitation.

Your story doesn't make sense? Where did they even do this gambling if it was banned throughout your country? Did they come from another region or country? What happened to the place that allowed them to place the bets or how did the police trace them? You are not responsible for their actions when it comes to online gambling. They would have stumbled across it one way or another, besides that - most countries that are strict on gambling are also pretty strict on cryptocurrency because of the reason you describe. If someone is a gambler to that level, they need to  hit rock bottom and accept it before they will be able to rid themselves of the habit. It's possible to go "cold turkey" on it, but requires real willpower and the ability to let go of previous losses.
1228  Economy / Economics / Re: Could there be a new financial system not dependent on USD? on: April 13, 2023, 08:29:18 PM
Source: Tutwa Consulting Group

BRICS nations are advancing at a fast pace to eliminate the U.S. dollar-dominated financial system. The first step is to bypass the U.S. dollar and the second step is to create a new currency to settle international trades. While the first step is already in practice, the second step could be put in place after the BRICS summit in August 2023.

The alliance countries have already taken measures to bypass the US-dominated global financial system. The aim is to move away from the dependency on the U.S. dollar and provide an alternative global financial option. BRICS is an alliance of Brazil, Russia, India, China, and South Africa.


BRICS: The Next Step To Eliminate The U.S. dollar
currency

Source: Unsplash

Just recently, BRICS nations overtook G7 countries in global GDP while taking purchasing power parity into account. Russia announced that it would pay with the Chinese Yuan to settle trade with Asian, African, and Latin American countries. China and France completed the LNG gas trade using Yuan, ending the dollar’s reliance on energy trades.

Therefore, BRICS are currently successful in their plans to eliminate the U.S. dollar to settle global trades in native currencies. However, if the alliance countries agree to a mutual currency to settle global trade in the upcoming summit in August, the dollar may face a significant drop in demand.
The U.S. dollar might lack potency if the BRICS countries fully eliminate it for global settlements. Over time, many other countries could join the bandwagon and distance themselves from the USD.

The development could make the dollar weak and make way for a new financial system not dependent on the USD. The success or failure of this development now only depends on the next BRICS summit in South Africa.
The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the near future,” said the Deputy Chairman of Russia Duma, Alexander Bobakov

Just like the British Pound used to be the reserve currency of the world (although not to the same degree), the US dollar is not impervious to being replaced in this status. However there are not really any good contenders at the moment, or the ones that proclaim to be have their own flaws. The Euro for example is still very fragmented because there are 25+ countries behind it all with separate economic incentives - we saw a crisis a while back where Greece was on the verge of bankruptcy and some animosity from others in the group of bailing them out. China also looks like a rising contender, but they have such an opaque financial and governmental management structure it is almost impossible to trust their politicians.
1229  Economy / Gambling discussion / Re: Can this be effective against the increasing numbers of gamblers? on: April 13, 2023, 08:16:14 PM
Quote

The Premier League have confirmed clubs have voluntarily agreed to remove gambling sponsors from the front of their matchday shirts from the start of the 2025/26 season.

This is a move to try to reduce promotion of gambling in the premier league with it's increasing audience, do you think it can successfully reduce the number of people who gamble? What do you think? Will these gambling platforms not just move to other sports, do you think other sports that wear their sponsors name in England will adopt this new development in the premier league?


https://www.msn.com/en-us/news/other/premier-league-clubs-to-remove-gambling-sponsors-from-front-of-shirts/ar-AA19Ogeu

It might make these companies less visible to the younger generations, many people look up to these footballers are their heroes and icons, when they scan their shirt and see a gambling site they might think that it's perfectly normal. Let's face it though, 99.99% of people who use these sites are likely to lose their whole deposit in the long run and you've just got to hope that they do not deposit every penny they own trying to scrape back to breakeven. It will help, but the fact that the animated boards around the side of pitches are still allowed - I'm not sure how successful it'll be. Those boards are potentially much more eye catching and are still highly visible on TV screens.
1230  Economy / Economics / Re: using credit card on: April 13, 2023, 08:10:19 PM
i am studying in college, i was really excited to get my first credit card Wink. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.

at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.

before i knew it, my credit card balance had  blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.

it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.

the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.

i am weak at economy, is it wise decision to use credit card?

You definitely should avoid credit cards unless you're in good control of your finances and spending, because they are designed to be very expensive forms of debt if you don't use them correctly. They can be very useful to extend you credit, but you should only use them if you can pay the debt off every single month and not keep a rolling balance. Compared to loans they can often charge in excess of 20% per year, versus loans which you might be able to get in the 5-10% range. The people who use them sensibly are basically borrowing short term and paying it off without interest, the people who don't pay it off make these credit card companies vast amounts of profits.
1231  Economy / Gambling discussion / Re: Ridiculous Bets that disappointed you on: April 12, 2023, 08:20:24 PM
  Guys Share bets that disappointed you, I have a lot of these ridiculous Bets, for example Here I planned to raise a bet every 10,000 rolls, Well Limbo figured out my plan) and rushed to give while standing a small bet Undecided

The stupidest bets that I made were switching into unknown sports betting. Started off making quite a lot of money from welcome bonuses at various different betting sites, unlocking the easy money in terms of free bets. I was still relatively new to betting and obviously you start to look around at whether there are any better possibilities. Going from betting on soccer, with pretty straight forward odds, then stumbling across horse betting was a bit of a disaster. Enticed by all the 3x, 5x, 50x+ returns on your bet made them look so enticing, but ultimately that was because they were so much harder to predict and win. Even betting on the favorite to win often comes up short.
1232  Economy / Economics / Re: Lending money or damaging family bond ? on: April 12, 2023, 08:01:05 PM

Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.

It's a really terrible idea to lend money to friends or family and it often ends up in a bad way. Most people have to learn and experience this the hard way, because they need to go through this process of seeing the negative outcomes before it cements in their mind. If you can afford to donate the amount you're being asked to borrow, then that is the way that you should be looking at it - don't expect it back, but if it comes back it is simply a bonus. Anyone who falls out with you because you won't lend them money will have a very bad time going through life and will probably fall out with a lot of people as they try similar tactics with everyone they meet eventually.
1233  Economy / Gambling discussion / Re: Martingale strategy in casinos on: April 12, 2023, 07:18:42 PM
Martingale strategy in casinos. How do you feel about it?  Huh Huh Huh My little experience sometimes comes with a good result) but more often the result is negative

This garbage comes up every few months and is only perpetuated by people who repeat it. The word strategy implies a skill, a clever behavior or device that is used to complete a task. This is none of those things because it is defeated by simple mathematics. It relies on you having infinite amounts of money in order to drain a casino of their funds, in which case why would you even be bothering to interact with the casino when you're already living comfortably? It appeals to people who don't have much money, yet they always end up losing what little funds they have in desperate attempts like these. You will run out of money employing this method long before the casino runs out of money. Don't do it.
1234  Economy / Economics / Re: Automating your savings will help you save more on: April 12, 2023, 07:05:36 PM
As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving. Most time we are faced with a decision like whether to spend our money on our daily needs or to save them. Here, we may likely to be biased toward our present selves, so we're likely to make the choice that will benefit us most at that moment which mostly will be buying our daily needs. However, we can overcome present bias by taking away the ability to choose between saving and spending altogether. This is where automating your savings comes in.

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.

It does take a lot of self control and a whole change in mindset to switch from spending every penny you earn each month (plus extra that puts you into debt!), over to putting money away and not touching it while it grows. The trouble with savings is that you get a relatively small return, but you should maybe have at least 3 months of cash in such an account readily available. The really big step that most people never take beyond a pension, is learning how to invest. Not in individual companies, but via index funds which own a proportion of certain companies - saving massive amounts on trading fees and also allowing you to greatly diversify your risk. However you also need to be aware that dips and peaks are natural flows, of the economy if you don't have the courage to stick through the dips you should avoid it.
1235  Economy / Gambling discussion / Re: Are lotteries really a good way to engage with gamblers? on: April 11, 2023, 07:27:32 PM
Hi everyone.
Maybe some of you have noticed that we are quite active on the forum, trying our best to offer bitcointalk gamblers interesting promotions.
We at MegaPari got used to a format of a lottery - we ask players to fulfill certain requirements and collect their IDs in order to pick winners for rewards.
First they were some bonus offerings, now we are also giving away "physical prizes" - a luxurious vacation or even a Lamborghini crossover. (details in our ANN thread, btw).
But here what concerns me - I think we need to move to a more engaging way of communicating with the audience while  running such campaigns.

Would you guys mind sharing you vision on the following:
-Do you personally take part in lotteries by online casinos?
-Do you track the progress and results of such campaigns?
-If so, are there any changes you would offer to make lotteries more exciting?

All in all, any discussion on the topic is welcome c:

The way you write is very alarming to be honest and I'm not sure I'd trust you with any highly sensitive identity documents. That you so flippantly refer to certain things, like "we ask players to fulfill certain requirements and collect their IDs in order to pick winners for rewards". Sure, you do KYC, but that's either a legal requirement where your company is based and should be kept entirely separate to your reward picking process. There are already well established lotteries that I would pick long before a random newcomer in the market. There is a huge leap between offering a luxury vacation and offering a top end Lamborghini vehicle. Do you even have real evidence that you own the latter prize or are you just trying to get people to pay for it all along while contributing little value to the process?
1236  Economy / Gambling discussion / Re: Tilt in gambling on: April 11, 2023, 07:08:32 PM
Have you experienced tilt over the long game?  How have you dealt with it?  How do you think you can gamble with a cool head, and how do you make yourself a good brake inside)   And why do people in general like to gamble? Huh  I never thought I would enjoy gambling) I remember playing cards for change with my cousin as a child, it was very funny when she lost, fell on the table and shouted that it was all mine) Grin

I definitely experience tilt when playing poker because it requires such intense concentration over a long period of time, or at least in the way that I played it. Others have probably mastered a more peaceful strategy, but for me it felt inevitable - you want to keep scraping out a profit, but then you get bored after a few hours of no profit play, make a few bluffs or bad calls and suddenly lose a massive part of your bankroll. Online play is very difficult for me, because you have to be razor sharp all the time as pros and fish move around the tables. It's possible to master given enough time but you need to have more patience than people who might be earning good at $3 an hour in comparison to others in their country.
1237  Economy / Economics / Re: Quit borrowing on: April 11, 2023, 06:25:17 PM
When you're short on cash, it can be difficult to quit borrowing money.

Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.

Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.

The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.

More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.

Finance can often be a neglected part of early education. You're taught numbers and all sorts of advanced mathematics, which you may not necessarily use later in life, but at least when/where I was growing up it was lacking information on things like credit cards/loans/mortgages/interest rates/debt. These can be large and complicated topics by themselves and I think they have started to trickle into early education now but there are generations who often had to work these things out the hard way. Even then, if you're stuck in a dead end job and see glamour advertised all around you on social media, it can dent your confidence and might cause you to borrow money. Society does make it hard to push back.
1238  Economy / Gambling discussion / Re: Rigged Game on: April 11, 2023, 06:01:00 PM
There are many problems that are affecting online casinos either due to been illegal operations or fraud cases like

Fake Advert, Payment Problems, Spamming Gamblers etc

But one comes in mind that I can't get rid of, those that Rigged their games, I don't know if people actually know that some online casinos Rigged their games, like the Aztec casino that was labeled a scam casino for example.

My question is how can one know that their game is rigged? If you play over 20 games and you lose it all, no one will believe you if you say that their is something wrong with the platform because truthfully as a gambler you have to lose, so what way can you actually know that a casino game is been rigged?

You'll never really know if actual games are rigged or not. You may get anecdotal evidence to suggest that no one ever walks away a winner from these sites, but unless you have access to the inner workings of the site or it is somehow exposed in a hack, then such behavior is very hard to detect. The main reason it's hard to detect is because even legitimate casino sites are generally geared up to hoover your money away in the long run. They will tell you upfront that the "Return to Player" amount is like 97% or 80%, which statistically means over time you will lose everything in your account. Anyone who keeps depositing more is chasing a fallacy and pursuing losses down a dark hole.
1239  Economy / Economics / Re: How do you survived during covid19 ? on: April 11, 2023, 03:31:20 PM
The hell of shit one had as experience during pandemic was severely pitty. My country was to political about the whole thing, because reality states that it wasn't to that estimation. Lots of fears, grief, deaths, sicknesses, recession, lack, hunger, products absence, no market, indoors, lots of sex, lockdown and security threat.

This terms was the only psycho imagination of people and fears of people. The government also came up with vaccine, test and quarantine. Dudes this wasn't funny even in my country that was political, no way to travel after all and no country is ready to occupy immigrants. It was a fiest stories, often counting and increasing dead victims.

But in my country it was hunger that almost take the lives of people because no money and if you have nowhere to buy something.

How did you survived the asshole pandemic disease (covid19)?  Where you sore afraid? How you deassociate with people? How did you get something to eat?

It wasn't just "your country". Almost every country in the  world took extreme and unthinkable steps to restrict things like movement. You mention travel, but you were not going to be let in to any places at all, even if your government would let you get on to a plane. The first few weeks were such a huge shock to the system, I was "lucky" that I could work from home, but others were simply sent home with pay. It was actually a brilliant time for some sectors of the economy, like gaming or streaming, because there were these massive audiences of people with lots of time on their hands. It started to get quite boring and tedious after a few months though, and by the end of two years it was amazing to get overseas for a holiday.
1240  Economy / Gambling discussion / Re: Is Online casino always take risks? on: April 10, 2023, 08:24:50 PM
I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?

Casinos are actually one of the biggest businesses out there that take few risks, especially the online games because they are pre-calculated odds with max payouts. Something would have to go seriously wrong, in which case bets are potentially liable to be voided, if they started spewing out wins all the time. There's the famous trope which aptly describes how much money they make - Las Vegas was not paid for by winners. These companies are highly profitable because every game is engineered to eventually deplete your entire deposit. They use bonuses and the occasional promotion to lure new customers in, because they know that most people are psychologically geared towards spending it all with them.
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