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April 28, 2024, 04:43:38 PM *
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1361  Economy / Economics / Re: Social Ranking System in China on: April 27, 2023, 09:26:21 PM
There are probably some good sides to this as well as bad sides as well. I do not care who says what, I believe that China is managed by dictatorship, by definition if a nation doesn't have proper democratic elections then it is a dictatorship and if you and I both know that the president will stay president, that is dictatorship.

In a world with dictatorship, social credit score could be ruined if the party wants it to be ruined, that is how corruption in dictatorship works, you could be a great person who dislikes the government and you would be banned, this is another way of just labelling people. However, for regular people who have nothing to fear and like the government, it could be a good improvement on their life as well.
1362  Economy / Economics / Re: First Republic Bank fall: fear of more others to follow. on: April 27, 2023, 08:25:46 PM
It makes no sense to withdraw at this moment, but if people are so worried then banks should be able to. Which money did people withdrew? Their own money, so you are telling me that if people want their own money back, the bank would collapse? Don't they suppose to have everyoens money and then some profits on top of that? I give it 100 bucks, it loans it to someone else  for 110, and they make 10 profit, so they should be making a profit let alone be in debt.

So if they can't give everyone's money back, then they should maybe be taken over by government and pay people their money back and then close shop, they can sell the buildings and every other asset in there to pay it if they have to. I do not think that banks who fail to pay people their money back should be allowed to operate.
1363  Economy / Gambling discussion / Re: Turkish Super League 2022/23 Season on: April 27, 2023, 03:58:22 AM
It feels like the league is not good for betting anymore, I personally gave up after this week and not going to bet on it this season anymore. At one point it looks like top teams are better and odds show that they will win it, like it's nearly guaranteed that they will win, but then both of them lose at the same time as well.

I am not saying that will be the case for each game, obviously there will be issues that will rise and there will be wins etc, like both will happen. But I feel like there is no reason to keep doing that and betting on them, there is just too much risk. They should be winning every game, and yet they are still losing points right when we are close to the end, makes no sense to keep betting on that.
1364  Economy / Gambling discussion / Re: UEFA Europa League 2022/23 Season on: April 27, 2023, 03:22:10 AM
Roma definitely will work their hardest, Mourinho is a bit angry that he is no longer managing the very top teams anymore, and will want to prove to the world that he is still a great manager. In order to do that he needed a good result at the league which he is not getting, didn't get that last year neither, but at the very least he should win europa this season, last season it was the first ever conference title, this year that could be europa, and slowly but surely they could get better and better.

Like next season maybe top 4 in the league and then out of group stages from UCL as well. That could actually make a good change I believe that it could be a good result for every one of them as well. Mourinho may get a better offer after that.
1365  Economy / Speculation / Re: Next Bitcoin Bull Run according to Simpsons! on: April 26, 2023, 07:01:45 PM
One year after the halving, that makes sense they are probably right. Most people said the same thing, one year after the halving there are huge bull runs, it has happened three times so far which means that people are expecting another one and simpsons probably knew that.

They also had a tv movie type of thing, two part series about the future and when they are all grown up, I think it was during the covid period so it was something to do with covid, like it's billionth lock down and they are old etc type of thing. And in there they talked about NFT's as well, and they just mocked about it a lot. I know that it wasn't really a great thing and it was "bad" marketing but at least it got wider audience so I am not really complaining about it at all.
1366  Economy / Speculation / Re: Bitcoin could hit $100,000 by the end of 2024 - Standard Chartered - Surprised? on: April 26, 2023, 06:24:51 PM
I honestly think that it is a true assessment as well, it looks like that could be true. I am not saying that this will happen, but it is definitely a good possibility as well. There are some guesses and predictions that are unrealistic, like some say it will be a million dollars in 2023 for example, and that is too much, I do not think that it would happen, but this one is not like that.

This one is 2024 and not like start, it says end of 2024 as well, so we have like 19-20 months left for that as well, so that means we could reach 100k, which is only 3x in the next 1.5+ years, and that could happen. There is also halving as well so I think that could potentially happen as well, I do not think that it would be that wrong. Hopefully we will see it do a lot better and could reach even above that, but 100k sounds reasonable.
1367  Bitcoin / Bitcoin Discussion / Re: The Dormant Address have been woke up, Are you worry? on: April 25, 2023, 08:14:15 PM
Not really, this doesn't really mean much to me. People react to what market may do in the future early and then the market does that because they reacted. If you think that it will go down and everyone sells because of that, then it will go down of course, that's the key point here.

I can't believe that I have to say this but if we all ignore and nobody sells because of this then it will also not get any attention neither. This guy has been holding for so long, why would he want to sell now? What changed? I think this 27 million is nothing and should not be cared at all, we are talking about a small amount in the grand scheme of things and if everyone ignores at the same time, even if all 1000 btc were sold, it won't crash the price at all.
1368  Economy / Economics / Re: Concers About Going in Business with a Friend on: April 25, 2023, 07:45:03 PM
The sad part is that everyone talks about how it could make money and it may not be equal but the reality is that if you go into business with a friend and they are not great people then you will end up with losing more money than you earn. I have seen too many people that got together, one side worked hard while the other side just took money out and they bankrupted after the hard working one didn't want to keep it going.

Why would you work harder than your partner when you know in reality that you could stop and they would lose too, either work as hard as me or we are going to bankrupt is a good weapon to have. So all in all the likely result of this is not fight with a friend but more like a bankrupting the business type of thing because it can't go on for too long if one side doesn't carry their own weight in the business.
1369  Economy / Trading Discussion / Re: Not about to give up hope. on: April 25, 2023, 07:23:05 PM
Too many people give up eventually and that's a sad reality we are living in right now. People shouldn't really give up hope on bitcoin and crypto, it is a wonderful invention that will definitely help everyone. I understand that it may not look great at times or altcoins neither, or there could be some bad stuff going on like crashes, bankruptcies, scams and so forth as well. However, remember that in the fiat world the whole system is built to keep you poor if they can do that, poor and also constantly tired as well.

Because, if you are constantly poor and overworked, then you would not have time and energy to try to stop that, and to the few who does try it, they will be marginalized very quickly so that not many people would hear them or even if they hear them they do not end up being taken seriously at all.
1370  Economy / Trading Discussion / Re: IS IT SAFE TO INVEST PENSION FUNDS IN BITCOIN? on: April 25, 2023, 06:10:06 PM
Others? No. Yours? Yes. I personally have all of my retirement fund in bitcoin and I think it is going to be very important to make that change. I know that if you take others money and invest that into bitcoin then you would be in a big trouble and you should not do that, but when we are talking about just bitcoin and when we are talking about just you? That changes things and you should be able to invest without a trouble.

Not a lot of people can make a big change like that and put all their retirement fund into crypto, because they would be afraid of it. However, I am not afraid of it and I trust that it will do much better for sure. I think it is going to make a big change soon and the price will be a lot better in the end so you should keep holding it.
1371  Economy / Trading Discussion / Re: Lets Brain storm on how to limit losses... on: April 25, 2023, 01:09:10 PM
I think it is important to remember that when we are making a trade, it is vital to not be in there for too long and we should get out if we are not long term investors. Too many people react as if they are doing a smart decision by staying for too long but that is a wrong move and you should not do that.

Long term investment and trading are totally different stuff and they do not have the same returns neither, which means that you are going to end up losing money to it if you keep mixing them together. Best case for people is to make sure that you end up trading when you trade and invest when you do invest and not mix them together. Staying in too long makes it a bit more investment and less trading and you should stay away from that if you could.
1372  Economy / Gambling discussion / Re: 2023 NBA Season on: April 24, 2023, 06:59:43 PM
It is important to remember that we could always see 3-2 down and then 4-3 back from there as well, that's not unheard of and could happen. Warriors tied the series and if they win the next game then they will win at home and close the series I am sure of that, but the reality is that if we could end up with a Kings win next game, I think it could still be Warriors winning the sixth game and then everything will depend on the last game as well.

That is going to be a big game and at seventh game anything could happen. Like Doris Burke said, one team plays like they have never been there, and one team plays like they have been there for a long time, that difference could be the difference between winning the series and losing it.
1373  Economy / Economics / Re: Germany surprises everyone, the economy keeps growing on: April 24, 2023, 06:39:06 PM
Surprises? Germany losing money and being a poor nation would be a surprise, them growing and getting better is not a surprise to anyone at all. People flock to Germany more than most other nations to live there for a reason, and that reason is that people at the top actually wants to make that nation a good one, and that is why they are as rich as they are today. This is also a proof that if governments wanted to solve issues and make everyone better, all they have to do is follow Germany.

However, between bad politicians, and terribly one sided media that lies to you, and fools who believe those lies, you are not going to get that in most other nations. So it should be remembered that Germany doing better is what is expected, not a surprise to anyone at all.
1374  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: April 23, 2023, 05:38:03 PM
I agree that City is not guaranteed to see the finals just yet, Real is a huge club when it comes to UCL and they could still get a big win, they may not be as good or dominant as last year but they are still a great club and could beat anyone when it comes to UCL.

However, I feel like City this season is much better than City last season as well, specially due to Haaland who could score from anywhere in any position, dude is a beast. All in all I feel like we are going to see a big matchup there. Milan on the other hand is not a huge club that is easily here, a shock that they even managed to beat Napoli, I honestly believed Napoli would have an easy win but they failed. So, it is going to be a hard game for them to beat Inter as well, should be a difficult choice. All in all it will be a proper finals whoever goes there.
1375  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: April 23, 2023, 04:41:31 PM
I know it is not "premier league" but I didn't know where to write it since we do not have a "national league" topic. Wrexham AFC, the team Ryan Reynolds and Rob McElhenny owns ended up winning the title and they are in the league 2 next season. Definitely was a great team last season as well and deserved to win and in most other seasons they would have, but Stockport had a magical season as well and went up instead, this season Wrexham didn't let it be chance and won it already at the first place instead of being in the playoff spot.

It is not normal for celebs to own a team and like that team right away, but Wrexham seems like a big historical club that deserves our love. Glad they are there and I hope they keep doing better. The issue is that national level is something rich club owners could afford, now it is getting to the level where even they can't afford to build a superstar team that can win the league easily, it is going to cost a ton and it is a difficult job to do. Lets see how it goes but I am very happy to see them happy.
1376  Economy / Speculation / Re: Bitcoin is going down. on: April 23, 2023, 03:38:21 PM
Not by much though. I mean I understand it was over 30k and that made everyone happy and I understand it is under 28k which makes people upset, but that is just a drawback. Remember, the market "could" become a like a bow sometimes, and it ends up thinking that you could draw the bow back a bit, and then you let it go and the arrow goes, so if you draw it a lot further back, as back as it gets then the arrow goes further, if you draw it just a little then it goes just a little away, as far as your own foot.

So, this could be a drawback and I believe it is, this means that we are just testing back the 28k levels to see if it's strong enough and then when we see it is, we will feel more comfortable about buying a lot more bitcoins.
1377  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: April 22, 2023, 07:48:55 PM
I honestly do not remember last time I saw a team stay under 80 points in a playoff series. I mean sure it must happen but it is not a common thing at all, it is a very rare thing without a doubt. So far that is the lowest points scored in a game this playoff period with Wolves following them with 80 right back, but most other games were 90+ points and almost all teams scored 100+ points so far at least once as well.

This was a good offense by Knicks but it was also a combination of great defense from Knicks and a terrible offense by Cavs without a doubt as well. They missed some open shots as well and turned the ball over as well. Nuggets game was easier and more sensible, Wolvfes did their best but Nuggets was just so much better and now they are one game close to finishing the series.
1378  Alternate cryptocurrencies / Altcoin Discussion / Re: SEC calls Algorand a security - thoughts? on: April 22, 2023, 07:11:21 PM
SEC basically considers everything that has a "owner" that sells these as a security. Meaning xrp is a security, algo is a security and there are plenty tokens that is security that they just didn't bother checking but 90% of token world is a security. Why do they consider such a thing? Because if there is a project dev at the top that sold you these coins or tokens, that is instantly security, that is what security means.

Bitcoin is not like that for example, nobody made bitcoin and sold it to you, well miners do but not created the idea of bitcoin, just mined it. Same goes for eth, or ltc, for example the biggest misunderstanding is that BNB is also a security, but not directly just yet. So all in all, a correct decision by SEC.
1379  Economy / Speculation / Re: The BTC deep continues for the next SIX Months. on: April 22, 2023, 06:15:35 PM
It is true that there will be people who like to spread FUD, and they will keep doing whatever they do and I feel like that should be the case for every time. I know that it is not going to be a big deal for the time being but I do agree that it should not be going on for too long neither. When they spread the FUD they created out of nowhere (fully fake and proven already) they do not help everyone, in fact they hurt the market by making some people believe them and not buying.

Some people end up waiting for the price to fall harder like they say, and it doesn't, so they miss a chance to make a profit because of people like OP. So all in all, FUD may not change the price much, but it does hurt individuals who believe in them.
1380  Bitcoin / Bitcoin Discussion / Re: Would the advancement in AI have any adverse effects on cryptocurrency? on: April 22, 2023, 04:03:29 PM
There will be good ones and there will be bad ones. Good ones is that if you use AI properly then you can build something that would be unheard of anywhere else, and put AI into crypto and when you combine those two things together you can make something that is insanely highly ranked, like at least top 10, maybe even go as high as top 5 if you do a very well rounded one.

This will be hard and it will take some time and require some world class developers to build so I do not expect it anytime soon, but when we are talking about this much money in the end, I am sure they will do it eventually. Bad one is that many projects will just put "gpt" at the end and act like they are AI when they are not just to steal your money.
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