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1841  Economy / Economics / Re: Personal Flood Prevention/Sensitization Project. Any Ideas? on: October 17, 2022, 08:39:03 PM
Sometime ago, I read on this forum how some parts of Pakistan were flooded. I never knew that some months later, I would be impacted by floods in my home country Nigeria. Recently, a neighbouring country released water from its dam and coupled with the heavy rainfall this year, many states were flooded. Houses, properties worth millions of dollars, and acres of farm land have submerged. Pitiably, a lot of lives have been lost. Sometimes, I blame the government. Sometimes, I want to blame the neighbouring country for releasing the water from its dam. There are times when I want to criticize the people of the affected states for building and living near waterways. But now it doesn't matter. People living in other regions of the country have felt the direct consequences of this. The whole region has been impacted and people transporting food, petrol and other essentials have either been delayed or canceled. I want to do something. And, I have been thinking real hard about how I as an individual can help ensure that this flooding doesn't recur. I do not mind writing a proposal to the government. I just need some ideas. How have you tackled flooding in your country? What works and what doesn't? Share your thoughts with me.


The best thing to do if you want to withstand any floods? Buy property on high ground and make sure you've got all the drainage sorted out correctly. Beyond that you cannot do much to withstand the elements - buy enough supplies to last you up to a month maybe, stuff that is dry but will give you all the necessary vitamins needed to wait out for things to return back to normal. Try to equip your home with things that are able to supply power, whether it is solar panels or a backup generator, they could prove invaluable in allowing you to access electricity while others are struggling just to survive. When buying a place, think about what the world is likely to be like in 10 or 20 years time, as it's rapidly changing right now.
1842  Other / Archival / Re: What casinos are safe on: October 17, 2022, 08:17:35 PM
Hey here. I want to try myself in casino playing, but I am really afraid of being scammed. Few years ago I lost a huge amount of money that I saved for a long time..

Your best bet is to work your way up slowly, keep the balance on your casino / sportbook account as low as possible if you're not betting with it at the time and don't bet too big. You should really define how you think you were scammed as well, because some people just cannot accept losing and blame the house when they should clearly understand that the odds are stacked against them. If you lost money because of your betting patterns, that is on you. If you lost money because the casino disappeared overnight, you're right to be annoyed. However all of the casinos advertised here (except 1xbit & 1xbet) that have lots of regular feedback and dozens of pages worth of discussion should be as safe as they come. They are turning over hundreds of thousands, if not millions in bets every day, so it doesn't make sense for them to disappear.
1843  Economy / Economics / Re: Have you been grateful for today? on: October 17, 2022, 08:00:29 PM
I just opened Facebook and read a short, but meaningful post. in the post it says....

Quote
A mountain of gold would not be enough for a greedy person.
But, a plate of food is enough for a grateful person


I ponder when I do daily trading in the crypto market, I often get profit even though it is not too much but I am always annoyed and irritated if the profit I get is not on target. I forgot to be grateful and hopefully, I can be a grateful person even though I get a little profit from crypto trading.

You have to appreciate that it is not until you have experienced both sides of the spectrum that you get another level of understanding of this. For when you are getting richer and richer, it has a snowball type effect where you can start to spend more without thinking - you might be earning a million dollars but if you're spending $999k yearly on your lifestyle then you are not really making the most of it - because all that illusionary wealth can often disappear right before your eyes. Whereas if you are earning a little amount, you really think carefully where you spend it and enjoy every little treat that you are able to afford. As long as you have that second memory of using money wisely then when you make big money you're able to appreciate it more.
1844  Economy / Gambling discussion / Re: Will you be influenced by your favourite celebrity? on: October 17, 2022, 07:20:09 PM
Would you be influenced by your favourite Celebrity who you know gambles and one day happens to post the games he played, would you be influenced to play the same game?

I am bringing up this because a popular Canadian musician Drake posted the games he played today on Stake,

Many of his fans who are into gambling as well, may have played same game without thinking. As it turns out, the game did not go as predicted for him and his bet lost.

It is a little bit sad that celebrities sell out, but then their whole career is effectively built around selling out and lowering themselves to get whatever roles are required to break into the big time. You could argue that it is just another object to advertise, but it's a very dangerous thing for idols to be teaching younger generations about these highly addictive gambling sites - especially when they are still learning and won't necessarily have a solid understanding on the financial implications it can create. We saw Drake pop up before this was all advertised with a "massive win" at Stake.com, before it was ever declared that he was in actual fact running a partnership with them and that really was the dirtiest tactic of them all. He really deserves discredit for his slimy way of approaching this.
1845  Economy / Economics / Re: MNCs and it’s impact on developing countries. on: October 16, 2022, 07:24:11 PM
MNC: Multinational corporations.

Multinational corporations can be said to be a business organization that deals and operate in two or more countries; having its headquarters mainly in its home country.
Simply put, it’s a business that operates and has offices in more than one country.

What makes a corporation multinational?
It must have operations and should maintain offices and assets in countries other than it’s home country.

It’s impact on developing countries.

Multinational corporation would argue that with their presence in developing countries, they’re actively enabling investment opportunities and economic development in these countries hereby greatly creating employment opportunities.
There are merits and demerits of MNCs opening shop in a developing country. Here are some;

Whatever perks multinational corporations bring to its host country, we shouldn’t forget in a hurry that these corporations aren’t a charitable organization, with its primary aim is profit making and returns to its shareholders.
With grants and/low tax rates given by the host government to attract these corporations, coupled with the idea of low wages and a higher profit motive, these corporations wouldn’t be there if they thought they couldn’t make profit.


One thing that is often abused by multinational companies is the perks and benefits offered by host countries. The very largest of these companies can often have huge departments that are somewhat dedicated to strategic planning and extracting value for the sake of the company - not out of some benevolent. Governments in some desperate countries can sometimes be too generous in what they offer to attract them, even paying too much and negating any economic value they might actually bring. Sure they can offer jobs, but if the government pays far more upfront to secure those jobs then it might have been better to foster local companies who might return more success and taxes in future.
1846  Economy / Gambling discussion / Re: Chinese version of Metaverse will be great for meta casinos. on: October 16, 2022, 06:51:23 PM
i didn't know how AR differs to VR. Alibaba will be creating the worlds shopping center where you can use the headset and just literally going to experience this metaverse.

In the future i think its not so far fetch after all to play and travel around the world while at home. the way its been described by Cyrus will actually work best for metaverse casinos than what Zuckerberg have in mind.  i think this is where we can chat on the poker table and make bluffs.

The Chinese "metaverse", whatever it is concocted to be will most definitely not be welcoming casinos or they will not be tolerated for very long. All gambling in China is restricted to one small area called Macau and it is a vice that is shunned by the ruling communist party. They will prevent any gambling on such a platform so we'll have to wait until something similar is setup in a less restrictive country before seeing this. Even if they were to allow it, their rules are so erratic and randomly made up that companies tend to avoid anything that might be prosecuted by the CCCP at a later date - it can bring heavy fines and jail time for anyone deemed to have crossed imaginary lines.
1847  Economy / Gambling discussion / Re: [Survey] Do you still play or stop the game? on: October 16, 2022, 06:00:48 PM
If you are playing gambling for example slots and you double money with just a couple of bets on very early part of your game. Will you stop already or continue playing to earn more?

I’ve been on this situation many times before and I keep playing until I get the entertainment that I want and to have more profit. But the result is always ended up losing everything because it’s very easy to increase bet if you knew that your money that you use is a profit.  Cheesy

It all comes down to your level of self control and what you're even doing on the gambling site in the first place. If you're there for a bit of fun, then doubling up your money might not even be that appealing to you - changing $10 to $20 is not a life changing amount to almost anyone. Most gamblers would just keep going and ultimately spend through all their money because they are just "enjoying" the game. If you're there with a specific strategy in mind, like making the most of free bets or enjoying some perceived bonus then you might actually decide that is the correct point to cash out. Casinos are very much based on algorithms so you need to figure out where the balance lies.
1848  Economy / Economics / Re: Flood causing economics crises on: October 16, 2022, 02:46:35 PM
As you know flood its part of world unfavourable environment. its has bundle of other reaction not in specefic area but around ecosystem. is flood fetching changing in economics? if yes but how!!!!!

This ties in closely with the wider climate change problem, many people are simply not prepared for what the future is going to bring. As the ice caps melt, sea levels will rise - not just because of the water being released but because water expands as it heats up. The jet streams will also be drastically changed, which keep a relatively stable climate in most areas, looking at the Atlantic ocean for example: air is warmed in the gulf of Mexico, it then travels up towards Europe and finally cools back down as it reaches the Arctic, it travels in a somewhat circular motion. Storms will get a lot more violent as we're already seeing, droughts will hit in unexpected places and generally the weather will get more extreme - massively damaging to humanity wherever it is.
1849  Economy / Gambling discussion / Re: Is It An Easy Transition From Gamer To Gambler In Casino. on: October 15, 2022, 06:31:20 PM
In my view, gaming has nothing to do with gambling. This can also be the pitfall for gamers, who think they have an advantage because of their gaming experience. If you're really going to gamble, it doesn't matter how much experience you have in gaming. We all know you're not going to make it against a casino in the end. With gaming you are in principle in control and you are responsible for the end result through your own input. That is not the case at all at a casino. There are also many gamers who have tried their luck at poker, but most without success.

Games are not made to lose you in the long run. In normal games, you clear up levels and attain the highest characters and powers in the game. Game developers earn money through ads and other stuff and they are not worried about your progress in the game.

Gambling is a little different, as the intention is to earn the money right for the beginning. The gamblers are more interested to gain money and are not too worried about the fun part. The fun is usually linked with the money in gambling. As long as you are winning, you will have fun.

A gambling house's main source of income is the money that you put into wagering. So they won't let you win and gambling houses are also there to make money.

It depends on the type of game really, as many games will have a skill cap on the player - either in their ability to be faster physically than other players, through to the hardware that more privileged gamers are able to afford to even richer players being able to buy many perks without thinking twice about the real money cost. Not every game is designed equal and developers are getting a lot more manipulative in how they structure the play. I kind of disagree that gamblers are not interested in the fun part of the game, it is actually the very root of why they are playing - the buzz they got with the first few wins triggered that rush of happiness endorphins which is a feeling they are chasing every time they go back to play.
1850  Economy / Economics / Re: Meta has burned $15 billion trying to build the metaverse on: October 15, 2022, 01:53:59 PM
Meta has burned $15 billion trying to build the metaverse — and nobody's saying exactly where the money went

Quote
Meta has spent more than $15 billion on its Reality Labs metaverse venture since the beginning of last year, but so far, the company hasn't shared on what, precisely, money is being spent.

Some experts are getting worried the company is spending good money after bad.

"The problem is that they spend the money, but the transparency with investors has been a disaster," Dan Ives, a tech analyst at Wedbush Securities, said.

"This continues to be a risky bet by Zuckerberg and the team because, for now, they're betting money on the future while they continue to have massive headwinds on their core business," he added.


I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.

You've got to wonder where such a big sum of money really ends up and how the breakdown actually looks. Whether it is mostly spent on arranging server contracts, hiring super computers to do some sort of modelling, building up data centers, or how much staffing is allocated to this project. It makes a super convenient way to offset taxes by reallocating budgets or hiding certain costs within this research & development which might actually benefit other companies within the Meta group. The more they spend on this project, the more they can write off profits in places like Facebook, Instagram and Whatsapp - I hope the regulators are paying close attention to the accounts.
1851  Economy / Gambling discussion / Re: Parents And Their Children In Gambling.. on: October 15, 2022, 09:42:55 AM
We are going to be using Micheal Jordan as our case study :

Micheal Jordan gambled away $5 million dollars in one night[1], he is a Billionaire, but that does not remove the fact that that's a hell lots of money to gamble away in just one night, you might want to say he is an adult and a Billionaires, and he is free to spend his money in which ever way he wants - understandable... Now, what about his son?

Marcus Jordan is just 19 years old, he spent a whooping $50,000 dollars in one night in Las Vegas on gambling and drinking in a strip night club[1][2][3], the report shows he threw away $35,000 in gambling while $15,000 went into drinking alcohol and girls in the club, and do not forget that it is illegal to drink and gamble under the age of 21 in the state of Nevada where they live....

The young lad even posted that night's expenditures on his Twitter account where he said , and I quote....
Quote
"Last night was stupid... 35K at Haze," the University of Central Florida sophomore guard said. "Totals 50K something the whole day."
but according to report, the tweet got deleted.

This (from the articles) I believe happened in 2010, but I believe it's a fresh story for those of us getting to know this for the first time,

What do you make out of this story, should we really allow our children to live such a lifestyle like gambling and night clubbing, most especially, when they are still under aged?


It seems fair that Michael Jordan can do whatever he wants with the money he has earned and accrued over his career. He is one of the richest athletes to have ever lived and put a lot of his money very sensibly into long term investments. If he wants to let loose on one night and play high roller games that are comparable with his earning abilities, then good luck to him. If he is wise then this might just amount to a few months worth of income from his other investments and he probably made a sizable amount of his spending back. His son however has likely done little to earn money so far and it could be a very dangerous thing to lavish such reckless spending money on him.
1852  Economy / Economics / Re: Central authority can be biased. Referring to TikTok on: October 15, 2022, 09:12:22 AM
Let me make few quotes from this BBC news that makes me emotional because of the way poor people in camp in Syria were exploited by TikTok.

Quote
With TikTok declining to say how much it takes from gifts, the BBC ran an experiment to track where the money goes.

A reporter in Syria contacted one of the TikTok-affiliated agencies saying he was living in the camps. He obtained an account and went live, while BBC staff in London sent TikTok gifts worth $106 from another account.

At the end of the livestream, the balance of the Syrian test account was $33. TikTok had taken 69% of the value of the gifts.

Quote
The $33 remaining from the BBC's $106 gift was reduced by a further 10% when it was withdrawn from the local money transfer shop. TikTok middlemen would take 35% of the remainder, leaving a family with just $19.

This is why I like bitcoin, no central authority is involved, rather than virtual assets that can only be converted to fiat on TikTok.

I see this as a way TikTok is exploiting poor people with the centralized tradable virtual assets on the platform. What about you, is this not an exploit while TikTok is saying it is the people in the camp that are exploiting the minors (or let us use donators)?

You're making some rather ridiculous leaps across different topics. Tiktok is clearly benefiting greatly from excessive fees and people being exploited in this manner, however they do bring a small amount of benefit to the equation in fairness. They have huge reach as, for whatever reason, many people choose to use this platform and it allows any content creators to get exposure to the highest degree. If you were to set this up on an independent website and tried to get the same amount of viewers who are driving the donations, then you would have an extremely tough time to raise anywhere near the same amount of money. However the fees should definitely be a fraction of what they are now and the actual people making the content deserve the biggest proportion - middlemen should be monitored heavily too.
1853  Economy / Gambling discussion / Re: Split the prize or Reroll? on: October 14, 2022, 07:21:54 PM
Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.

If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?

It would make the most sense to have a mathematical understanding of the rules involved and it also relies on the upfront cost of the game. If it costs 0.05 to enter and the outcome is between two players, then you may as well re-roll or you'd be playing a useless game anyway. Presumably the house would only get paid if there was a successful winner and both players choose to re-roll in this situation. Would the odds change if one player is closer or further away from the winning number? It's a novel possible idea for a new game, but only it would rely on trusting the house that the other party is definitely a player and what would be the outcome of one player did not decide to re-roll.
1854  Economy / Economics / Re: Running a successful business in most developing countries on: October 14, 2022, 07:00:57 PM
To be a successful businessman or woman, there is a need for you to equip yourself with the dos and don’ts of running a business. Judging from the rate of unemployment in most developing countries using Nigeria as an example, a lot of people venture into entrepreneurship and business. Every business has its challenges and of course the sweet and smooth running flow. So, you need to work on the following dos and don’ts that can guide you for the success of the business.

Conclusion
Establishing a business will make you the boss of yourself and will also save you from the risk of unemployment but this doesn't come easy as alot of challenges may surface doing the process. Government policies and some other factors may want to kill the business but with passion, hardworking and keeping the above dos and don’ts can help you in sustaining on your new business.

Most of these are true for businesses in any country, not just developing countries. Choosing the right market for your product is also essential because in the current age it is possible to sell via third parties and target all sorts of countries, even if you're just doing it on something like an affiliate commission basis. Knowing how to "play the game" is also rather crucial and will be much more apparently to locals who have grown up in those circumstances, whether that is paying "commission" to the right person, to being able to navigate restrictive customs import rules to being able to hold on to your business after it is established and a local politicians wants your success - these are much more common in developing markets.
1855  Economy / Gambling discussion / Re: A poker website, but with chess/checkers/backgammon? on: October 14, 2022, 06:24:06 PM
I think there are a ton of crypto casinos that offer multiplayer poker - the most famous casino being SWC Poker. But has anyone thought about making as casino that only has multi-player board games?

These would be identical to their Free-to-play counterparts, with the exception that if you win a game, you get the other person's (fixed) wager, and vice versa. Obviously, the stake would have to be the same for all players, but each player can agree to make all their stakes larger or smaller.

It would provide a more refreshing alternative to swipe-your-coins-from-your-nose Slots games.


While it would be great for a crypto casino to offer these type of games, with certain ones like Chess there are automated computers out there which can play them perfectly and could potentially dominate opponents. Chess games could potentially drag on for a long time as money is involved and I'm simply not sure there is a wide enough player base. It involves only two players, whereas Poker commonly has up to 9 people per table which helps to keep things interesting, along with the strategy of bluffing which adds an element of a wildcard into the mix. There is also not an established way for the house to earn money in these other games, unlike the rake which is common accepted by players as part of the process.
1856  Economy / Economics / Re: Competition in business on: October 14, 2022, 06:15:43 PM
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.

What you said is fairly true and also common sense as we've seen from decades of reasonably free market activity. However it does have a few caveats - it only works if there is a strong government in place which is able to defy lobbyist type activity, which in the most ruthless free markets will have corporations trying to create rules that purely benefit themselves. Corporations exist for decades and centuries, politicians are lucky if they can hold power for a few years, so there is a slight disadvantage in that respect - they have longer timescales to plan "attacks". Another is that it's possible, at least in some countries, that things like water or power generation could potentially be better managed by the government because there is such a monopolistic trait inherent to their operation.
1857  Economy / Gambling / Re: What are the Bitcoin casinos with first deposit bonuses? on: October 12, 2022, 09:03:52 PM
I'm a pleb who would like to build capital only for gambling. I want to start from scratch/small amount, but I also want to build it up as fast as possible. I was thinking one good path to start would be through first time deposit bonuses. The plan is to deposit $100 to one casino and complete the bonus requirements there, then go to the next casino and complete the next requirements, and continue on to other casinos.

I went to each "ANN", but complete information about first time bonuses is unclear, and I'm not sure which casinos are the most trustworthy. I need some help. Post your favorite casinos with first time bonuses, THANKS!

You'll find most of the big casino and sportbooks advertising here will do these sort of deposit bonuses, however it'll come with a catch. You'll most likely need to submit KYC, which also eliminates the benefit for most people of using cryptocurrency in the first place. Part of the reason for that will be eliminating cheaters who like to abuse multiple accounts for these type of bonuses. You also need to thoroughly read the fine print because while it's possible to walk away with free money, the casinos obviously will put in little things to make it hard to move money away - like requirements to play through a certain amount of times or use your bonus money in a short window of time.
1858  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: October 12, 2022, 08:35:50 PM
Any  business can fail if not well manage. It is one thing to start a business and it another thing for the your business to stand firm for life. These are examples of Nigerian Businesses that Failed Within 5 Years:

Reason why businesses may fail
👉 Poor Customer Care/Support
Customers need proper attention for a business to survive. Without them, your product will fail to exist. When customers are not well treated or appreciated, they often become dissatisfied, leave bad reviews and patronize others.

👉 Mismanagement of Funds
Some small businesses fail because the owners mismanaged the business funds and there was no accountability.

👉 Inadequate Financing
Huge number of entrepreneurs make a common mistake of starting a business with no adequate operating funds. Most small business owner start their business without having enough that can finance the budget of their business. Some start the business with loan with heavy interested.

👉 Poor Business Management
The management play a key role to sustain a business. It comprises of activities such as planning, organizing, staffing, directing, motivating, controlling, co-coordinating and communicating. When a business is poorly managed, its death is imminent. Management

👉 Inability to Communicate Value
Communication is highly important in businesses. This is the only language your customers here. Some small businesses fail because of their inability to clearly define their value propositions — that is, they fail to understand and communicate their products or services to consumers effectively.

👉 Wrong Expectations
Some startup and small business owners expect money to start rolling into their business account immediately with doing little or nothing.
The idea of starting a business with the wrong expectations and impatience has made many businesses to collapse within a short period of time.

👉 No Planning
Most small scale businesses start the business without a concrete plan. They rush into business because they see people make ways from it. To start a business, one need to make proper findings about the business. Failure to plan may lead to the downfall of the business.

👉 Lack of Focus
Investing in many things almost at the same time is not healthy fora business. Engaging in so much things at a time may make them run out of cash. This on the long run will affect the financial aspect of the initial business. At the long run, they end up closing down the business.

CONCLUSION
Establishing a strong and firm business doesn't come easy. It involves patient, time, passion and hardworking. Young entrepreneurs should try to learn from failed businesses and guide themselves with successful businesses.

Many people will not necessarily be lucky enough to experiment with different business ideas because they get trapped by the complexities of day to day life or simply do not have the resources to dedicate to it. The internet has been a great equalizer for people across the world and opened up a whole realm of possibilities for trying new things. The most important thing that an entrepreneur is likely to pick up is failure and perseverance, which means testing lots of different things until you find a profitable recipe for yourself. It also teaches you constant adaptability as the world is often changing and you will need to change along with it.
1859  Economy / Gambling / Re: Do you visit the casino while travelling? on: October 12, 2022, 08:25:00 PM
Hey guys!
Some of us are occupied in i-Gaming industry, some are just players...but apart from leisure&profession there are still old good offline casinos all around the world.
Today Im thinking if visiting an offline casino is out of date or still a good place to visit while travelling?
Do you visit casinos when you travel? How often? Which ones?
Let's remember of old good times Cheesy

I actually love checking out new casinos in new places because the few I've encountered while travelling give away all sorts of freebie perks to new players. If you can walk into a new casino, sign up to whatever membership perks they're running, it's quite often possible to walk out a winner by the end of an hour or so playing. If not that, you can usually get free drinks at a minimum. As long as you've got self control it can be quite a profitable endeavor, however if you are easily enticed by flashy lights and lots of buzzing noises - maybe it will be a bad idea to enter. It's a bit of a novelty as well because they can be quite unique experiences outright, especially the largest ones.
1860  Economy / Speculation / Re: Countertrading Jim Cramer on Bitcoin on: October 11, 2022, 09:00:30 PM
It appears that we have a new favorite crypto predictor. Our old favorite Tom Lee might have stopped making public predictions on bitcoin after 2018. This might have caused much psychological shock and damage on Tom hehehehe.

Our new favorite predictor is Jim Cramer hehe. Algod, a trader who predicted Terra's collapse, has been countertrading him and he appears to be making good trades.



Whale Who Bet $1M on Terra's Collapse Now Countertrading Jim Cramer

Algod posted an update on their “inverse Jim Cramer” account on Twitter Monday, announcing that they had doubled their profits since the account launched. Algod claims that they startedthe account with $50,000; its net value now shows as $101,440.71 in their post. “Some people work a 9-5 job, i simply just countertrade Jim Cramer… it’s not much but honest work,” Algod wrote.

There’s also an Inverse Cramer ETF Twitter account that likely inspired Algod, where over 84,000 followers track Cramer’s calls to ascertain what to bet against next.



Honestly nobody can predict the future direction of Bitcoin or any other asset. These half baked celebrities are just looking to latch on to something that is current and try to expand their audience in any way possible. They're already rich from other revenue sources and can be pulling all sorts of hidden moves behind the scenes, not to mention their inherent pump-and-dump style of promotion. They're basically byte size versions of Elon Musk but without anywhere near the level of audience that he attracts. Like many people, he picks up on trends that are already "over the hill" and likely to implode - people with their finger on the pulse are making the trades months before him.
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