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2481  Economy / Economics / Re: Remain decentralized with crypto or centralized with banks. on: July 16, 2022, 06:54:40 AM
I love this topic, this is magnificent. I literally became a crypto obsessed person because of this. Doesn't mean that it's not going to end up working for us, of course it does, but that's still not going to be something that is dangerous to us all to just stay in crypto and prefer that, over the horribleness of banks. Don't get me wrong, I am not even thinking as people who work in Banks are bad people, not even CEO's, maybe individually there could be some bad people who are bankers, but not inheritly.

The problem is how banks work, if there is a bank out there, all of them, every single one from tiny to giants, all work in a way to ruin peoples' lives.
2482  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: July 16, 2022, 06:29:26 AM
Honestly, CR7 has been "in talks" with many teams, but if United doesn't want to sell him then they won't sell him and there is no more need to talk about anything further. No team has enough money to convince him and the team at the same time.

Maybe some foreign team with a oil rich owner could pay a shit ton of money later on, but that would be difficult to convince Ronaldo in that case, or some team who is in UCL would pay realistic amount but that won't convince United. All in all, he will stay, that's what I have been saying from the start, it's hard to get a player whose team doesn't want to sell him, and that is exactly why it will be quite difficult for him to find another team.
2483  Economy / Gambling discussion / Re: 2023 NBA Season on: July 16, 2022, 05:51:34 AM
Well, Ayton can't be used for Suns and Durant deal, but it doesn't strictly mean it's not going to happen. I mean it's "obviously" not going to happen, but technically speaking it could still happen, how? They could give Saric (needs to be signed) Jae Crowder and bridges, all those three could be traded, along with a bunch of picks of course. That still makes the trade "possible".

But, it would make no sense to give Durant for that trio, why would Nets do that when they are looking for a ton of picks and yet still a good few players in return. I still think Durant is a very hard sell, because you can't get much that equals him, so you are going to get something that is under his value, but at least you should be getting something decent. And teams with decent things to offer are not offering those things.
2484  Economy / Economics / Re: FSB to Present Robust Crypto Regulatory Framework to G20 in October on: July 15, 2022, 09:52:16 PM
Let's see what the nations say though. I mean sure it's cool to see it "presented" but the thing that will make it go bigger is not being presented, they all know what crypto is and they do not care about it.

The thing that will change a lot is one by one there are more situations like El Salvador. That is an experiment that so far didn't pan out, but there is a chance it could pan out in the future when the price goes up. When that happens we are going to see more and more nations getting in and eventually there will be a reserve currency type of deal for bitcoin in many nations, that's how you get bitcoin to be liked by governments as well as people.
2485  Alternate cryptocurrencies / Altcoin Discussion / Re: Current Financial Market Condition on: July 15, 2022, 02:44:47 PM
The problem is that we are stuck between both inflation and recession and that’s a scary place to be right now. I mean sure we would love to be none of the two, but if we are going to have anything, at least have one of them and not two.

Inflation would mean that the price of everything will go up, but recession also means that nobody would grow in finance neither. Like look at a year ago or so, the stock market was sky high even though we had inflation. Because money was less valuable, and that’s why they all went up. Now we have prices of all go up anyway, but we have no money left neither, hence why it’s such a big problem. No idea what’s going to happen but this is scary.
2486  Economy / Trading Discussion / Re: How can all (or most) cryptocurrencies rise and fall at the same time? on: July 15, 2022, 12:46:14 PM
The logic is that when money leaves crypto it leaves crypto as a whole, when crypto gets a lot of money it gets it all together. Plus most coins are tied to bitcoin pairs, which means that when bitcoin goes up, and the pair stays the same, then the price of it stays the same. Think about it this way, if one bitcoin is 20k dollars, and there is a pair like btc-xyz and that xyz equals to one bitcoin, then one xyz is also 20k dollars as well.

When one bitcoin becomes 50k but xyz is still one bitcoin, then xyz will become 50k as well. This is how the market goes up and down all together, the altcoins that are tied to bitcoin will go up and down when bitcoin price goes up and down.
2487  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: July 15, 2022, 06:36:14 AM
I think Messi is staying and there is no merit to any other things. Sure he may make a longer contract eventually but there is a long time until his current one ends, so he could just take his time and the team could take their time as well. I still think him going back to Barcelona to play under Xavi would be very good, he would retire while playing for his old buddy and that would be a much better deal for them.

But, if he is not going back to Barcelona, then he should probably stay with PSG who will be the only team willing to pay that much for him. Famous players who end up leaving their teams start to tour around teams because once you sell a ton of jerseys, you don't do that every single year.
2488  Economy / Economics / Re: Capitalizing on the strong US dollar? on: July 14, 2022, 09:40:15 PM
When you are in a "bitcoin"talk forum, I think the correct answer here should be "buy bitcoin" because it would allow you to hedge yourself against dollar very easily. If the price of bitcoin goes up, then if the dollar goes up as well it's double the profit, if the price of bitcoin goes down, but the value of dollar goes up then you are fine, if the dollar price drops but bitcoin price goes up then you are still fine.

The only bad would be price going down and value of dollar going down as well and both happens at the same time. I say you should be focusing a bit more towards how the crypto could help you and get you better and bitcoin is the starting point of that.
2489  Economy / Economics / Re: The fear of Bitcoin monopoly in El Salvador on: July 14, 2022, 08:58:22 PM
I do not think such a thing needs to be  feared. I mean think about it we are talking about something that is very rare chance to happen, why would we worry about the potential of something that is not even here or even discussed.

The "anxiety" of it, being the fact that worrying about things that are not happening, is a psychological problem that people have been dealing with for many years. Sure be ready for it, there is nothing wrong with being ready for anything, but being worried and getting ready are not the same things. I personally would believe that El Salvador and monopoly would not be in the same sentence right now, it is not there at all, not ready for it.
2490  Economy / Speculation / Re: MtGox finally going to distribute 137,000 BTC sometime next month on: July 14, 2022, 09:23:24 AM
It is understandable for them to try to give people some money back when it is 20k, I seriously doubt that they have all they want, they probably lacked some funds, and this drop helped them a lot. I even imagine that they may have sold a bit higher, and rebought at lower in order to pay more to people.

This is a weird situation, don't know how they are going to "finally" distribute it, I mean the method. They can't just send money back right away, most of it would be gone, there needs to be a better method, maybe some people use different wallets, would make sense. In any case, it's suspicious timing for sure, I agree with that, and I think there is something fishy going on.
2491  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: July 14, 2022, 07:20:08 AM
What's the point of De Jong being in Barcelona if the team is after salary reduction and looking actively to sell him? I get that he wants to stay, but if they do not want him to stay, forcing them to keep him wouldn't really make his life better.

Look at what happened to Bale, he was a great player who just didn't wanted by his team and because he had a huge salary, he didn't get any playing time in order to be convinced of leaving, and he didn't because he wanted that money and couldn't get it anywhere else. In return, he wasn't played, and basically kept off the roster and now he is not a player he used to be and not wanted as much by other clubs neither.
2492  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2022/23 on: July 13, 2022, 08:04:59 PM
Bayern shouldn't want Lewandowski to leave at any point, he should retire there. I mean Benzema brought UCL to Real Madrid at age 35, if he can do that, Lewa could very well. Dude scored like 40+ goals a year again this year, and why would you want to send away a player that scored that much?

I am not saying that they would be terrible if he left, they would still be Bayern, but it just doesn't make sense. Same would apply to Barcelona, they have enough players and getting a superstar would be the most idiotic thing to do when they are in debt. I never found any merit in this transfer idea, and I believe that we shouldn't really expect much from them in general. This deal will fall through and never happen.
2493  Economy / Economics / Re: {Economy} What is happening in Japan? on: July 13, 2022, 03:41:56 PM
Economy of Japan will not be stable for a while, it’s going to get damaged from this. It is not the first time a politician gets attacked in Japan, but this is a big news for sure. I believe that we are going to see Yen getting lower for a while.

It already dropped a small bit, and it is going to probably drop a bit more, and that’s going to be something terrible for all of us because Japan is a g7 rich nation and it is always bad for the rest of the world to have a g7 nation doing badly. It means that less import/export business would be available, because nobody wants to do it when it's volatile. In the end, it will get regular and we will forget about this eventually too.
2494  Economy / Economics / Re: The Growth of Bitcoin ATMs by Country on: July 13, 2022, 04:22:10 AM
There isn't a logical that makes people use it. That’s the problem, sure there could be some increase because people like to use crypto and it’s a growing industry right now, but bitcoin ATM is not the biggest part of it, it’s really not needed. We have exchanges that we could move our money from banks to exchanges and then exchanges to banks, then we could use banks for that.

I believe that we should not be expecting this deal to go higher too much, it’s going to be something serious, but for a while, then it will go lower and lower and lower. This is why we can't expect too much from them, it’s going to be like 1-2k max amounts all around the world for how little people like it.
2495  Economy / Gambling discussion / Re: ⚽UEFA Champions League Discussion Thread -- 2022/23 | Qualifying on: July 13, 2022, 02:42:01 AM
The reason why conference league was created, was not so that people at higher levels would go down to a lower league all the time, it was the fact that football became much bigger, and all teams could go around the europe to play other teams and not only they would be able to afford it, but they would actually make more money from it.

So, if you end up doing something like "let's move all the teams one step down" and basically make others smaller, then it would not be helpful, it would be similar amount of teams, maybe a bit more, that plays.

We should have leagues that have as many as possible, even add more groups to UCL and Europa and Conference, just to include more teams so everyone would make more money. NBA doesn't pay players like Curry by having 40 games, they have 82 games plus playoffs, that's how you make money for the clubs, if football clubs had 82 games as well, that would be much more profitable.
2496  Economy / Economics / Re: Good and Evil money — The Morality of earning Money/Rewards on: July 12, 2022, 06:40:45 PM
That is a bit of like Karma, and I do not think that the real world has that kind of approach to it. Don't think that it would really make that kind of a big difference, it would of course be a morality thing, but look at all the big rich people.

You think Elon became rich because he had ethics? This dude literally shut down a whole place down because they wanted union. He can't fire people for being in the union, but he has all the right to shot down a whole factory, so he did that. This is the type of people who get rich. Jeff Bezos? He doesn't allow people to be in unions as well, but he also pays them so little that they get subsidized by the government for food stamps.
2497  Economy / Trading Discussion / Re: Would you advise a focus on indicators or the market itself for a newbie. on: July 12, 2022, 03:08:08 PM
Why not both? I mean fundamentals of a coin means that you have to check how legit it is, and if there is anything that could go wrong out of sudden. There are not too many like that but there are "some", specially on the new ones.

However, if you end up checking it you will realize that there would be some wrong stuff in their blockchain which you wouldn't want there. That's the fundamental approach. Indicators on the other hand are smaller time frame stuff, not a terrible way to look at things if you want to trade daily, like 5 minute candles for example on a trade you want to finish up in under an hour for example, buy and sell all within that time period. Not bad, if you know how to do it.
2498  Economy / Trading Discussion / Re: Many people become binance futures full time traders as job on: July 12, 2022, 01:44:02 PM
I don't know if "futures" is a full time job deal. I mean think about it, you could literally lose it all there, it's like gambling. I know plenty of people who "trade" full time, and know plenty that got super rich while doing it as well but that was mainly on spot, or even if we are talking about futures then they did low leverage, like 10x max, usually not even futures tbf.

People who work with like 100x leverages are not the people who make full time income from it, one day they will, one day they will lose, it is too volatile to consider a profit. Trading is fine, even on a bear market, since you do quick trades, you do not get affected by it like the long term investor.
2499  Economy / Trading Discussion / Re: Why exchangers derivates and futures dont have other then USDT ? on: July 12, 2022, 08:40:30 AM
Main reason? That's the thing they trust, the exchange itself, nothing more. Do not listen to all those people who are trying to make a logical argument, sure those all matter but the reality is that exchanges want a profit in USDT, much better and easier. Do not think exchanges are in love with cryptocurrencies, they even dislike most of them. Because, they get a trading fee in that coin, and how would they be able to sell that and get out?

So, let's say binance has doge, which means they make doge profit, how would they even turn that into usdt or btc? It would crash doge price if they kept selling every day, if they collect it and sell in bulk, that would be even worse. Hence USDT is better and easier for them.
2500  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2022/23 on: July 12, 2022, 06:24:48 AM
I agree that Vini definitely deserves a big fat check and he needs to stay in Real for a long time. Dude was trusted to be a good player for a while and given the reigns, and he didn't started this great, but gradually became better and better. Real spent good minutes on him and that is why he should be thankful to Real, and he played well enough lately to bring them some success which means they should be happy to have him.

A good deal for both sides. I wonder what will happen with Rodrygo as well, they have a great young star there and he looks like the type of player that would bring in a lot of pace to the team and that's something they definitely need with how many older players they have.
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