Amongst the crowd of Bitcoin nay-sayers, Berkshire Hathaway's vice chairman, Charlie Munger has come out and vocalised his strong dislike of the digital currency.
In an interview with The Australian Financial review, the executive belted out insults on the coin and also believes crypto engagement is a mass folly. Previously likening BTC to a rat poison, he further advised that investors run from it like they will do from an "open sewer full of malicious organisms" as he feels the best investment to make are from stocks generating real cash. I see this as a mere sentiment and he may have a change of heart.
It's sad that there are still individuals who are content to been victimized by govt policies on finance than embracing digital freedom in the form of Bitcoin. Although, inspire of his negative impressions of BTC, it has proven to be a hedge against inflation and an alternative payment source that operates without government interference.
Let's face it, Charlie is making an extreme statement and maybe taking it too far, but he grew rich by deciphering profitable companies to invest in so deserves some credit to his intelligence. That being said, even Warren Buffett and Charlie Munger would agree that they have made plenty of mistakes in their past. For most of their investment lifetime they refused to invest in many high tech companies, which is a strategy that they've succeeded in - but they left huge amounts of money on the table, while making slightly less slanderous claims against tech companies. They have also changed their ideas over time and even made contradictory statements, so they are definitely not above getting things wrong. |
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Hi everyone, i trust ya all having a great day... Like the subject of this topic say, its a question i am putting out to you all, as a member of the gambling community, what do you think can be done to reduce the gambling related issues like -- From one article i was reading this morning, the UK government officially stated that there are more than 409 suicides a year in England which results from gambling problems. Here is a quote from an article i read this morning -- On a summer’s day in 2015, Joshua Jones put on his suit and headed to his gleaming office block overlooking the Thames in London.
It was the trainee accountant’s day off, but he was in turmoil after gambling away most of his monthly pay and an annual bonus. He told a friend he needed to “pop into the office”. He took the lift to the top floor of the block in the early evening and jumped to his death. He was 23.
Martin Jones, 72, Joshua’s father, said: “To people who worked with him, he was the life and soul of the party, but he was living a double life as a gambler. He felt despair that he could not control the addiction.” From the same article, i learnt that -- Liz and Charles Ritchie (whoever they were before now), founded the gambling with lives charity organization after their Son, Jack, took his life in 2017 due to gambling addiction. Majority in the UK, last year(2021) called on the government of UK to place a total ban on gambling ads. Now I do not know if this ban on gambling ads was or has been unforced in the UK, but my question now is, \if the UK goes ahead to enforce the ban on gambling ads in the country, you think this will reduce the number of suicides, and other gambling related problems in the country? \Do you think banning gambling ads is a good measure for the entire government of the world should enforce? will this really stop people from gambling? \In your own opinion, what measures do you think is appropriate to take that will help reduce the issues, gambling related problems cause in our society? Lets discuss. Gambling is like anything in life, if you do it in small and controlled amounts then you can use it like any other form of entertainment. However there is always going to be a natural trigger in anyones mind that you have lost money and it is painful to lose money, because it can extend into feelings of stupidity and wastefulness. It can also be super easy to spiral out of control when you reach that point and you end up throwing lots of good money after bad in an attempt to recoup it - when the odds against you are static. One potential way to cap runaway losses, which are some of the most extreme scenarios, is to potentially limit a player to $10 at the beginning, then only allow them to double their max deposit every day after that, but also keep a regulator connected to it which says you cannot spend more than your average spend in the last 7 days either. |
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We all have different occupations and work for different companies. We work hard and keep improving ourselves to show our company owner how good we are at our work and how efficient we can be in growing the company. But all we are doing is helping grow someone else's companies. All our talent and struggle is to help someone else earn more money. What are we doing for ourselves? At some point in our life, we must grow our own businesses for our own safety.
The title "Do your work" refers to growing your own business. We all have some skills in different sectors and we use all of our energy to work for a company and get a monthly salary. But we are not supposed to work for that company till death. so how will we bear our living expenses after retirement? Most people do not think about that.
You can say yes they do. They do monthly savings for their retirement plan.
But this is not savings or investment. Your fiat currencies lose value every year. So Your 30 years of saving will be the same in numbers but not in values.
So what can we do then? We have so little to grow a business.
Invest your saving in precious metals like gold and silver or digital assets like bitcoin, or it can in some potential stock or it can be in real estate. Invest your money where ever you want. Just do not keep it in a bank. The Bank interest rate is not higher than the inflation. You are losing money not gaining it. The point is to invest even if your saving is negligible.
You speak about doing monthly savings for a retirement plan, however you fail to grasp that most people put their money into pensions which are by extension investing in the stock market. You also seem to advocate putting money into "some potential stock" like many people who are unfamiliar with investing in stocks, where you are much better off buying into index funds which are the lowest risk and medium return sort of location, instead of gambling your money into high risk and bubble type companies. Gold and silver is also not a productive asset, as it does not return money to you every year like you might get out of a company in the form of dividends or reinvestment. |
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UK and USA why ?
Becouse those banks have most reckless and careless financial and moneytary policies.
Also when you operate business you get less responsebility If you doing something wrong Also you have more legal ways to Avoid paying debt.
UK can nicely just transfer all the debt to public treasury.
Also biggest bail out-s Are in UK and USA.
What a bizarre take on how these countries operate. There may be some fragments of truth in parts of what you say, but the real reason these countries are successful is they have some of the strongest institutions and legal frameworks that have been produced over decades. They have clear structures and rules in place which draw in business because they know that there is less likely to be corruption or it might be slightly easier to expose. They have very independent media which allows for wrong doing to be exposed more easily and keeping people honest. That's not to say that people don't abuse all these things or get away with illegal activity, just that it is more likely to be prosecuted with consequences than some other countries. |
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Gambling is a habit so difficult to stop
Through out my days as a GAMBLER I have seen and had so many people who for some reason have decided in their mind that they want to stop Gambling but in the latter of things said I eventually see them again involving themselves in gambling acts.
So many people actually tell themselves lies and intend to keep going on with those lies and continue saying this popular quote "this time no more I have quit"
Except for people that take the act of gambling for fun who are really not affected by gambling so many people have uttered these particular quote noted above
It has come to my notice that these people don't actually know what to do. instead of saying that they have quit they should know that they are actually going on a gambling break..
Addiction can be a powerful trait in many people and once you go down that rabbit hole the only thing possible to cure it can be total abstinence. If somebody has been addicted to cigarettes, they have both a chemical and a habitual addiction which is a somewhat similar to gambling. Only with gambling you get an adrenaline rush from big wins along with the habit forming behaviors. There is a whole industry built up around the psychology of gambling because it generates a hell of a lot of money for the various companies that partake in it. They are trying to squeeze every last cent out of you if they can, so will manipulate every trigger possible to draw you back in. |
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One way Are mlm crypto mlm trading use to be good but we can clearly see that start falling. Mlm looks easy Also becouse you can reqruit people and earn profit. I see this area enourmous growth potential over the next few decades. People want to be there where action and liquity thanks to crypto the mlm can Grow Even bigger then oil,btc,forex marketing it can Grow large becouse people want always get rich ways without working. It can all start from africa and India people there love MLM business If this will Grow big then the wall Street and bankers can play with each other with their stock market and money becouse people might be not interested If Market dont move  Crypto industry Will stay becouse it's liquity for mlm but stock market Will go away becouse people not interested companies they just want high return of their Investment on order to earn money daily. The solution here Are the Fed Will step in and start making markets alive again and we can earn otherwise people Will look other ways like mlm or referal comision based income People have been looking for side hustles forever, it is not a new idea concept but it is certainly always evolving over time. In almost every single case you will find, MLM is a fraud taking advantage of peoples greed and it is on par with pyramid schemes in abusing the hard work of people further down the chain. You should stay well clear of any scheme that uses such terminology because it has been hijacked by so many bad actors over the years that you are almost guaranteed to be throwing your money away or just making somebody else up the chain rich while you scramble around for pennies. These marketing schemes often use all kinds of hype keywords and proclaim to be the next best thing but invariably end up in disaster for the majority of participants. |
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Most of the members will not agree with the topic that Binance may also get bankrupt soon but we were alll thinking the same about the second largest crypto exchange after Binance. And we all know what has happened to FTX in last few days.
What concerns me is that there are some reasons which might cause big downfall of Binance also and it will have very bad effect on crypto in general. First thing that can cause collapse of Binance is regulations. Government is doing lot of research regarding this and they can take strict actions soon against the exchange. They can impose large fines on the exchange which can cause huge imbalance in their balance sheet. Another possibility os that some scams might surface up from behind the scenes in the exchange which is completely break the trust of investors and they will all start withdrawing the funds from the exchange making it completely dead.
We saw something like 6-7 billion pour out of FTX in the span of a couple weeks, which had been thought unthinkable to such a large exchange. Anything is possible and if the jitters get loud enough we could potentially see the same size run on Binance. That being said, the amount they must have profited on fees over time is ridiculous and if they invested that sensibly then they should have a very good buffer against bank run type events. I'd be more concerned about hacking than a similar drain of resources. |
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In August I started a topic: Bitcoin doesn't like high inflation either
and it didn't, every single time bad news came from the US Bitcoin did the same, it dropped, the pattern is there, and the numbers are there, if you can't see them then you didn't see this coming yesterday when inflation has finally shown signs of cooling down So the story right now, despite all the wanna-be economists that preached about hyperinflation, economic destruction, and recession back in the stone age, things are getting too cool off just like the heads of revolutionaries with the first snow falling on their heads. The bounce in markets came after the annual rise on the US consumer price index was reported at 7.7 per cent in October, the smallest 12-month increase since January and a sharp drop from an annual rate of 8.2 per cent in September. Economists had forecast an 8 per cent rise.
The core CPI reading, which excludes food and energy prices, rose 6.3 per cent year on year, below expectations of 6.5 per cent and September’s reading of 6.6 per cent.
Wall Street’s benchmark S&P 500 index gained 5.5 per cent, while the tech-heavy Nasdaq Composite closed 7.4 per cent higher.
In government bond markets, the yield on the two-year Treasury note, which is particularly sensitive to interest rate moves, fell 0.25 percentage points to 4.33 per cent, its largest drop since October 2008. Yields fall as prices rise. I will never get tired of telling people the apocalypse they're preaching for the economy will not help anyone, if everything is destroyed, if people lose their jobs, if logistics chains are destroyed, if nobody is willing to spend a dime anymore preparing for the end of the world it will not be "good for bitcoin", and most importantly, not just telling them, but proving them with facts! Two vultures in the desert trading one roadkill squirrel for a pair of two years old buffalo bones won't bring bitcoin to $1 million, even if the two vultures do the trading on bisq. In order for people to invest they need money, people that lost their jobs and have no money for food won't be able to invest a dime, they will actually sell their investments to buy necessities! So, rather than being mad as again, the US seems like it's postponing its death by a few more years, cheer as this is also good for bitcoin, with Europe that as always is lagging behind also showing signs of easing although I don't buy the next month optimism of the ECB, probably more like a trimester we can finally say goodbye to this whole mess and focus on real growth, based on business, not on the fear of an apocalypse. You're a pessimist, you're also not unique or special. You have not figured out some special formula, it is the same boom and bust scenario that has been going on for centuries. In the good times people borrow and spend a lot, in the bad times loans are called in and people have to pay down debt. Most recessions are triggered by some new and unforeseen event, like this time it is inflation creeping up / the War in Ukraine / China's zero covid strategy all stifling the world economy right now. The stock market is generally an optimistic place, so any shreds of good news will generally see happier days but it is pointless trying to look at individual days and extrapolate a bigger picture. |
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There are talks among the world's major central banks to begin the creation of their own digital currencies (Central Bank Digital Currencies for that matter). The launch of Bitcoin, and the widespread popularity of "De-Fi", has led governments to act fast before they're left behind the game. They know they can't beat Bitcoin, so they will try to be in-par with it by launching digital currencies of their own. The average person won't notice any difference with the new digital cash system, as everything would be the same as using a credit/debit card. I'm beginning to question whenever CBDCs will be able to replace paper money for good, or will it co-exist with the old system? After all, credit/debit cards didn't manage to replace paper money when they launched. For being in the 21st century, I'd say paper money should be phased out as soon as possible. Everything should turn digital, as we live in a digital society. How long do you think it will take for paper money to be phased out for good? Will CBDCs be able to replace not only paper money but also credit/debit cards? Your input will be greatly appreciated. Thank you. While the idea of blockchain currency seems ideal with the whole decentralized setup, we've seen that it is unfortunately too inefficient energy wise at the moment when there are already established payment networks like Visa or even Paypal which could potentially fill the gap of electronic currency payments in future. If the world were to shift over the cryptocurrency you would also need some mechanism to ensure that it was not vulnerable to the supposed 51% attack which it pretty hard to mitigate against unless you're using a centralized authority who can also interfere - thus removing an element of safety for people to use it as a store of value in future. |
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Hi guys and ladies...
Like we all know. or maybe some of us already know, Stake.com has this feature that allows a bettor to copy other user's bet, It doesn't matter and you don't actually have to know who owns the bet you are copying, what important is that if you copy another bettor's bet, and that bettor's bet wins, you win as well, amount you win you already know depends on the amount you stake, so also, if that bet losses, you loss as well.
After reviewing and you like the game and would like to copy, just scroll down and click the "Add _ Bets to my Bet Slip", set the amount of money you wish to stake and place your bet.
Now, the above tutorial is not my reason for making this post as i believe a greater number of us know this already, i just decided to to post the tutorial for users who might not know how to and wish to try the feature..
My reason for this thread is actually me wanting to ask if copying bets from unknown bettors is a good practice ?
I tried this one time and won actually, though the odd was pretty low and i staked a very small amount as well, but then, i tried it again the next day and lost, though not anything significant...
So for you, is copying bets online a good practices? have you tried it and won before? would you try it when you really want to bet and have no idea where or what sports to bet on?
LEts discuss.
Unfortunately this sort of functionality on a gambling site is ripe for abuse and cannot be independently verified, so you could be following some rigged algorithm that has been set up by the casino / sportbook. It's not like the "clone trade" feature that has become popular on a few web platforms like Etoro recently, where you could at least get an idea of the buy and sell points of real stocks as somebody is trading them. You are relying on the company, the one entity that stands to gain when you lose money, to be totally unbiased and balanced. Even with the theory that they're making profit regardless, it is still way too risky to put a serious amount of money into copying what could easily be fake bots in this way. |
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I think it's wise to invest smartly against 2024, there is high tendency of hitting it big in crypto from next year to 2024. I advise you put reasonable capital on bitcoin and few funds in altcoin. Don't sleep on this one. It's a banga!! Let's make this money together.
You're not really investing when buying cryptocurrency, you're doing something more akin to speculating. It's not like buying into a company like Coca Cola, who have a steady history spanning almost a century with plenty of assets and fairly consistent sales figures year to year. You know what you're getting in that scenario, a cut of the profits from their sales which have been reliable over a large time span because they are producing and selling something to actively generate a profit. That is investing. Cryptocurrency is akin to buying any other currency and hoping that you can sell it on to someone else later on for a higher amount, which is FOREX trading and one of the riskiest things you can do with your money. |
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Some gamblers keep their gambling activities secrete from people they have close relationship with. Having it in mind that if these people know they are gamblers,it might bring down their reputation or make them look wasteful. I hide my gambling activities from my Mom the reason is that she hates gamblers and calls them irresponsible people from her own perspective.
Are you such gambler ?
Who are these people you hide your gambling activities from ?
Give a reason why you don't want them to know you are a gambler.
I'm quite open with gambling but that's because I only ever play the freebie games on offer and make small amounts over time. Probably the worst enemy of gambling companies, I manage to pull in a few hundred a year through taking advantage of all the various promotions and free bets that are available every day consistently. Sometimes you'll even get lucky and win one of the bigger amounts out there if you play competitions long enough. Like guessing the outright winner of 5 horse races, it only takes 1 win out of 2 years of trying free entries to get yourself a rather large fortune but many people will only ever play the game once or twice. |
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As people might be seeing in the news, Meta has fired 11,000 employees. It's a 13% reduction of their global workforce.
There might be multiple reasons behind it but two main reasons are surfacing across the social media,
1. They are preparing themselves for the upcoming recession and forecasted negative business revenues for upcoming years
2. Meta had invested heavily on Metaverse which failed to find users or ways to earn revenue. Now the investment is lost and putting huge financial pressure on Meta.
Which one you think might be the actual reason? Don't you think Mark had gambled quite heavily in an uncharted territory and put the existence into huge risk?
It's going to be a bit of both and even Mark Zuckerberg has been open about it. He said that he expanded the Facebook staff too far, which in large part is directly related to this metaverse fantasy that has been tried a dozen times before in the past - "3d worlds". I'm sure he got somewhere decent with it and took it further than it has ever been before, but ultimately he needs an audience of customers who will be able to participate and people are being rather careful with their money right now. He saw Elon firing a bunch of people and it is an opportunistic time to fire people when that happens, the attention is already elsewhere so it slips under the radar a little bit. The economy is also in trouble so all round spending is going to be coming down and job losses are part of that cycle too. |
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The thread is not to ask sympathy but to share lesson i learnt from gambling such as you can gain from it something.
I learn not to play roullete frequently.
Make your money and leave.
Reading your whole post it makes me think that you think that there is some long term winning strategy to roulette. There is only one way to win at roulette in the long run, that is to open up a casino and take bets on roulette where you will have the ultimate mathematical edge. You are not an expert at roulette, you might have learned the rules of the game and have that advantage over a brand new player, but beyond that you are still destined to slowly leak your money over time into the wallets of the casino bosses. Giving yourself some breaks or relaxation has no impact on how the roulette wheel performs. You have no special luck over the simple math involved which is rigged against you. |
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In one of my posts, I wrote about how a new survey reported that, three-quarters(76%) of U.S. adults are delaying big purchases and reducing debts since they are worried about an impending economic downturn. Despite this consumers will spend more on Black Friday this year. According to a new survey of 3,006 shoppers by Emarsys revealed that one in five (21%) U.S. consumers will do most of their holiday shopping on Black Friday — with over a third (35%) increasing their spend from 2021. Isn't this surprising? Why is this so? The reason is because consumers are spending more discerningly to maximize the value they get for their spending. In short, value is the topmost thing on the minds of the consumers. Interesting findings, isn't it? Lemme know what you think? Are you spending more or less on Black Friday deals? In my experience Black Friday has just morphed into a day that retailers now exploit to the max, whereas when it first started you could find many genuine high quality promotions, now it is hard to find anything that has not been cynically planned to exploit clueless consumers. I remember picking up things like domain names for $1 or finding many excellent deals which saved money, when the consumer had the upperhand and retailers were still trying to join in the hype. Now it's like they jack the prices up a few months beforehand, specifically to drop them over this weekend and the customer does not get a special price at all. Sometimes prices can even be higher but marketed in very sly ways. |
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I talk on live roullete in physical casino can it be rigged?
There are many ways that a roulette wheel could be rigged to favor the house, but in reality they are destined to win over the long run so it doesn't make much sense for them to cheat as long as they can tolerate the variations in player bets. Some examples of fixing a roulette wheel could be - having a slight tilt on the wheel along with using some sort of weighting system to make it end up in a certain area more often, using magnets within the bed of the roulette wheel to gently guide it to a stop in the desired location or even the rotation mechanics themselves being carefully engineered to slow to a stop at the most favorable outcome on a specific bet. |
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Now it's time to ask prices to go Lower.
Times like this i go shop or anywhere i always say' it's economic down turn can i get cheaper price.
I allready called to my landlord to make my rent much cheaper.
It's times of economic bad times so now you can ask cheaper prices of anything always.
While it is definitely a good idea to look out for bargains and try to see if there is any wiggle room on the price, you should be aware of the setting as well. If you're at a market stall and haggling over a little discount, that would seem appropriate, but if you're at a 3 star Michelin restaurant then they have carefully curated their menu and are paying a premium for every single part of the experience - you're likely to look a bit naive. However in most settings in life it makes sense to check for any discounts or even do advance research because there may be easily available vouchers that you might be able to redeem at an online store or similar perks for easy money off. |
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He particularly chose Black 15 for $10K on roulette which he could have won $350,000 but a friend took the $10K and replace a safer bet. I know this is likely not to happen in real life. But let's say it did. What would you do? https://www.youtube.com/watch?v=fT4GcK6DpkkI was trying to look for Kevin Hart movies on Netflix so I found one. Turns out one scene is an unsatisfying win. It's a seriously dumb hypothetical because the simple odds describe that you have less than at 3% chance of winning such a bet. Unless you are seriously rich already, in which case you are just in the game for frivolous fun and don't care what happens, then you are unlikely to be wasting such sums without good reason. Nobody can predict what will happen next, it's like trying to pick the color of the next car to come around the corner. If you are so intent on throwing away your money on such a bet, then you should have the courage to pick it yourself and not "blame" it on somebody else when it inevitably does not come through. Only someone who didn't understand basic odds would think in such a silly way. |
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Competition can be said to be a sequence of events in which companies, organizations or firms(small and big alike) that produce similar goods and or services try to outsmart, outwit each other to ultimately come out on top of the bunch.
A healthy competition in a free market is essential to a growing functioning economy and without a healthy competition, there is bound to be a monopoly in the production of goods and rendering of services.
These are some characteristics of competition;
1. A healthy competition should always be neutral and un-biased.
2. Competition is constant and ceaseless as it goes on all the time. We all indulge in competition whether knowingly or unknowingly
3. Competition is universal, common and all embracing as it goes on all over the world.
In my view, there are more advantages than disadvantages with competition in a free market.
Here are some pros;
1. It definitely fuels innovation, growth and progress
2. It brings about creativity and also increases productivity
3. A healthy competition definitely favors the consumers as it helps lower prices and increases the quality of goods
4. It fuels innovation which in turns brings about varieties and new ideas
5. It brings about decent pricing in the production of goods
As with pros, there are also cons.
1. As a small and growing business, you’re bound to lose business to bigger and stronger firms when there’s a strong competition
2. Competition pose a threat to a small business as they could pack up and close up shop
3. A competition could very well turn into a conflict especially if it’s an unfair competition with undue advantage to one side.
Generally, competition is very essential in a free market and without competition, there would be monopoly in the production of goods and rendering of services. And when there’s a monopoly, small business and start ups are destined to fail.
Competition is what drives innovation forward and is the one reason that "market" economies are so effective. Everyone is always looking to produce things more efficiently or at a cheaper cost. This can take many forms, from automating checkout machines in shops to producing a lighter weight packaging material that could save billions in freight costs. There are so many clever ideas being worked on each day, which is all spurred by the idea that you can make it big if you are able to get the products first to market, or even 3rd or 10th if the market is big enough. Unfortunately things like patents can be abused to stifle innovation if they are granted unfairly or in new sectors that deserve maximum competition. |
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Today i was in colombia lost 1.4 million pesos
Even lucky people like me got it wrong sometime
I plan to revenge and withdrawed 1000 usd from my bank to make big bets and beat them.
When i cane back they closesd he casino they lucky to close before i play again i had all my adrelaine and mood to win and bankrupt them.
Tomorrow i visit them again and take what is mine.
Btw i recover most on the funds with bc.game today but i want revenge on this casino phyisical casino.
You cannot wage war on simple math - the numbers are against you and will forever be against you. The gambling companies that put these products out there have carefully tuned them and even display it right there for all to see - to have the odds against the customer. The only person you are fooling here is yourself and the sooner you face up to the reality that gambling is not a game for winners, the happier you will become. All those glitzy hotels lining the strip of Las Vegas were paid for by losers - not winners. Simply let your losses go, accept that it was a wasteful way to spend money and find a new outlet that is less likely to make you poor and bitter. |
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