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1941  Other / Politics & Society / Re: Who will lose in Ukraine? on: March 18, 2022, 07:15:44 PM
NATO unnecessarily escalated the situation and then fled the scene, claiming that they'll take no part in the war, after creating absolute chaos. War sucks for both sides, both countries' resources will be depleted and their citizens devastated, leading to a financial depression throughout the whole European continent. People are always the true victims of war.

What did NATO do to escalate the situation?
Imposed severe financial sanctions on Russia, which will ultimately affect all parties, sent money and military aid, and provoked Putin. Don't get me wrong, I condemn the invasion of Ukraine, however, I believe that the rest of Europe shouldn't have intervened, since NATO and EU recently announced that it's an issue that Ukraine will have to resolve themselves. Why did they intervened in the first place?
1942  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 18, 2022, 05:25:32 PM
Oil prices are expected to be highly volatile, till the Ukrainian issue is resolved, which isn't going to happen anytime soon.

Then it is about time to buy a bicycle. Because I think Ukrainian-Russian conflict is not going to be settled this year. Even if the global war actions stops, it will always be small local skirmishes. Same that were after Crimea conflict. This seems like an endless conflict, were people dont even know or remember the reasons why it all started.

Current economical downtrend Russia is going to counter with high oil prices. I think 2022 will be the year when everyone will realize consequences if this war actions. Next year sides will figure out strategy to get business and development back. Several years it will take to rebuild, build own new business, get abroad contracts, or wait till current business who has abandoned Russian market, start to think to return. Maybe year 2025 and further will be the time when prices goes down.
I've got three to be honest, haven't bothered to use them yet, lol. 2022 won't only be the year that we'll realize this war's consequences, but also the year that we'll face the repercussions of Covid-19's quarantine measures and lockdowns, which have resulted in economic depression, increased inflation, fueling and energy costs.

Well, that's one more terrible year to go, I guess.
1943  Other / Politics & Society / Re: Who will lose in Ukraine? on: March 17, 2022, 08:32:13 PM
NATO unnecessarily escalated the situation and then fled the scene, claiming that they'll take no part in the war, after creating absolute chaos. War sucks for both sides, both countries' resources will be depleted and their citizens devastated, leading to a financial depression throughout the whole European continent. People are always the true victims of war.
1944  Other / Politics & Society / Re: Things are getting ugly now. on: March 17, 2022, 07:10:51 PM
Quote
Reports that veteran Chechen field commander Rustam Azhiev (better known as Abdulhakim al-Shishani) is en route to Ukraine to fight Russian forces. Achieve fought in both Chechnya and Syria, where he headed the group Ajnad al-Kavkaz.

Source: https://twitter.com/NeilPHauer/status/1504167310851981312


Do you know who that is? That's a very famous rebel Chechen commander Abdul Hakim Al-Sisani whose groups are fighting in Syria. He and a few thousand of his followers are coming to Ukraine to fight the Russian armed forces. These veterans fought Russian arms forces in the 2nd Chechen Russia war and now came back to liberate their motherland. If one side doesn't surrender or make a treaty to stop the war, it won't stop very soon. In the worst-case scenario, conflict could get out of the Ukraine mainland and spread across the whole EU.

Abdul Hakim Al-Sisani said in his interview, "I saw everything! I saw how my nation was destroyed! Not because we were terrorists! There was no such thing as terrorism. I saw warplanes bombing our villages! I saw girls and men being killed!"
Sooner or later, world war will break out against Russia! That war will help me get back to my homeland!"
I've got no clue about who he is, however, things have taken a turn for the worst for quite a while now. If I'm not mistaken, we've passed the 20 days milestone, with neither sides showing signs of a possible ceasefire, especially Putin who is about to go all in. Anyway, responding with war against Russia would be disastrous, we've had enough casualties already, we don't need more civilians killed, despite from which country they're from.
1945  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 17, 2022, 06:10:43 PM
According to Oilprices.com, WTI Crude and Brent Crude oil are trading below $100 ($95 and $100 respectively), slowly retracting to pre-invasion levels, during which surpassed $130/barrel. It's definitely good news, could possibly result in a slight relief in the market, however, the $200/barrel scenario hasn't been debunked yet, with the condition still being heated in Ukraine. The slight retraction in prices is a result of China's new lockdown, due to an increasing number of cases, and due to talks with Canada and UAE to boost their supply, at least that's what I know so far.

Despite the rapid loss in value, in my area atleast, we've only seen an increase of 3 cents per liter on petrol and diesel, while heating gas oil was met with the largest fall of all, dropping from €1.668 to €1.539.

On the other hand, in my area, the increase is already at about 14 cents, which is hard for small users. And I believe, this will still continue in the world market. This war has indeed real impact in the gas sector. Our governments should look for alternative options because small consumers are getting hit hard by this oil price's increase in the world market. After this war situation, it may possibly gets worse. So we need to be prepared for what's to come.
What goes up must come down and this is the situation we are looking or seeing on on oil market.
https://tradingeconomics.com/commodity/crude-oil

It is true that those rises did really take a hit worlwide but we wont really be staying up forever.Hope that it would
decrease even more on upcoming months to come.

I agree with a quotation "what goes up, must go down", but I did not expect it to happen so quickly if we take into consideration economy of the whole world. The war still continues, sanctions are still being proposed and etc. Nothing really has change, in fact, situation got worse. Despite all that, we observe fuel prices start to go down. How is it possible? Can it be, that fuel price were increased on purpose week ago? That is was made on purpose?
Hang in there, the situation is far from de-escalation, a quick look at Oilprices.com, and you'll see that crude oil is rebounding, due to market fears regarding Russia's supply, surpassing $100 once again. Oil prices are expected to be highly volatile, till the Ukrainian issue is resolved, which isn't going to happen anytime soon.

That's sad, I was welcomed by a significantly lower price when I got to work today, but it's definitely not going to last long.
1946  Economy / Economics / How does the commodity market work and how are gas prices determined? on: March 16, 2022, 05:55:52 PM
According to Investopedia, "the commodity market involves buying, selling, or trading a raw product, such as oil, gold, or coffee, while there are hard commodities, which are generally natural resources (such as gold, oil, rubber), and soft commodities, which are livestock or agricultural goods (such as wheat, corn, coffee)".

After we briefly analyzed what the commodity market is, I'd like to ask a few questions, some of which might be dumb, how exactly does the commodity market work? What's the difference between WTI Crude and Brent Crude? Despite the obvious, of Brent being the UK index, and WTI the US, how does one interfere with each other, and does WTI affect the European market of oil prices?

For instance, let's take WTI Crude, as seen on the following photo, currently priced at $95~, inside the parenthesis, it says "April Contract". What exactly is that, and how does it impact us? Moreover, what exactly is a "Future"?



And one last question, which possibly doesn't apply worldwide, because it's something that I've personally noticed myself, when the Russian invasion started on Ukraine, oil prices skyrocketed within a few days. We'd see new prices at gas stations on a daily basis, however, now that Crude oil has lost over $30 in value, and is close to pre-invasion levels, gas prices haven't significantly decreased. Is it purely speculative, or is there a deeper underlying reason?
1947  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 16, 2022, 03:41:12 PM
According to Oilprices.com, WTI Crude and Brent Crude oil are trading below $100 ($95 and $100 respectively), slowly retracting to pre-invasion levels, during which surpassed $130/barrel. It's definitely good news, could possibly result in a slight relief in the market, however, the $200/barrel scenario hasn't been debunked yet, with the condition still being heated in Ukraine. The slight retraction in prices is a result of China's new lockdown, due to an increasing number of cases, and due to talks with Canada and UAE to boost their supply, at least that's what I know so far.

Despite the rapid loss in value, in my area atleast, we've only seen an increase of 3 cents per liter on petrol and diesel, while heating gas oil was met with the largest fall of all, dropping from €1.668 to €1.539.
1948  Other / Politics & Society / Re: Doctors beg people to take the vaccine on: March 14, 2022, 08:10:54 PM
Are the doctors pockets full now or are they still begging people to take a useless toxin shot?
https://ibb.co/RQFKKk0



Your chart still shows absolutely nothing that relates to vaccine efficacy. I've explained this before, so not sure why you persist in posting it. What point are you attempting to demonstrate?
BTW - on a totally unrelated note, did you know that more people die in plane crashes now than a hundred years ago? Time to get rid of that crappy modern technology and go back to building stuff out of wood and bits of string, amirite?

~snip~
~snip~

Except that about 90% of current hospital covid deaths are in the fully vaccinated.

Cool
Is there any proof for your claiming? Any source? Certainly not, because as usual, you're simply stating something that is simply your opinion and has nothing to do with science. Even if you do provide a source, it will be one of those blogspot sites you conspiracy theorists read.
1949  Other / Politics & Society / Re: Will Russia and Ukraine join hands...? on: March 13, 2022, 09:58:38 PM
Yes, we know that it will take years to achieve "peace" but that doesn't mean there is no possibility of making peace. And I think that Putin is not stupid to carry out a nuclear bombing on Ukrainian territory.
Is Putin even predictable this days? Don't get me wrong, i am not saying Putin is going to do any of such in Ukraine, but it is much better to hope that things de-escalate pretty fast, so we do not ever have to get to stage or even contemplate such.

Having said that, the international world can't do more than they are already doing, which is attempting to force Russia to stop through imposing sanctions, i am sorry they can't do anything more than that, or let me rephrase if they do anything more than that, it could be counterproductive, and rather than de-escalate issues, it will further escalate it, take for example Ukraine's plea to the West to impose a no-fly zone over Ukraine's airspace which was rejected for obvious reasons, you can't just basically tell a nation not to fly over a particular airspace, you will have to implemet it, and HOW? By shooting down any aircraft that flies into that restricted airspace, if the international world do that, we can brace up for another world war, and that is why they won't.

So to be honest, i do not see this conflict coming to an end soon, except if Ukraine surrenders, and watching the frequent messages from their president, there is absolutely no hint at that, what can the rest of the world do? Impose sanctions and threats to Russia and attempt to cripple their economy, thus far has it done much? Not really, the war is still going on, maybe cause Russia is also very important to the rest of the world and the sanctions is hurting both ways, in my opinion, this war will only end if the both parties involved in it (Russia and Ukraine) reach an agreement, a settlement or a resolution.
[/quote
The issue is that these sanctions aren't hurting Russia, they are one of the largest superpowers. NATO and the UN didn't do a thing, except escalate the situation and then proceed to step out, mentioning that they don't want to interfere. There are three ways this could possibly end, Ukraine surrenders, Russia attacks Kyiv and conquers Ukraine, or Russia/Putin gives up and forfeits the war, which is highly unlikely.
1950  Other / Politics & Society / Re: Will Russia and Ukraine join hands...? on: March 13, 2022, 08:09:48 PM
Ukraine was simply the excuse, Putin doesn't want NATO next to his country, which was also a country that belonged in the Soviet Union, a large part of their territory is Russian and their citizens are Russian - speaking for the very same reason.

The war isn't going to stop anytime soon, unless Zelensky surrenders and meet Russia's demands, something which is currently highly unlikely. Putin will keep going till he gets what he wants, one way or another.
Well, Russia already have NATO next to their country - It's Poland and Baltic states. So, Ukraine wouldn't be different, but Ukraine becoming NATO members probably would hit Putin ambitions very hard because he don't consider Ukraine as independent country with their history.
And fact that big part of Ukraine people think and speak Russian doesn't makes them into Russians, you can ask some forum members about it. For example Kharkiv or Melitopol is cities where majority of people speak Russian, but nobody welcomed Russian troops with flowers there. Nobody don't want to have Russkiy Mir there.
Ukraine shares many similarities with Russia, as an ex-Soviet country, there are many Russian-speakers. I've read that the Ukrainian government was putting immense pressure on Russian-speakers, while they were being treated differently, not sure how accurate that is. From what I'm aware of, Putin was expecting to be praised as a savior in Donetsk and Luhansk, but instead, he met resistance.

That's pretty sensible, who in the right mind would praise someone for bombing his city, killing civilians and destroying their properties in the process, even if Putin's claims about the living conditions there were correct.
1951  Bitcoin / Bitcoin Discussion / Re: EBAY might accept BITCOIN on: March 13, 2022, 05:52:12 PM
Despite the fact that's it's a rumor, it would extremely complicated to integrate Bitcoin payments on such platform. How would payments be processed, from buyer to seller? How would eBay handle the fees and the payments as well? On top of that, will sellers have to integrate Bitcoin compatibility in accepting payments, or would eBay have an algorithm to deliver the money to the final recipient, in fiat? If so, that would result in a large amount of money lost in fees.

It was a old news and Ebay accepted the bitcoin as their.But due to lack of knowledge spread among the users.The bitcoin was less used in the Ebay. While the traders want to use the bitcoin.They need to pay of two different tax. One for the withrew and other for the import of bitcoin to the ebay wallet.Instead of paying two fee in the ebay. We pay them on fiat and safe some money.At the final, we can use that remaining money to inverse on crypto.
Wasn't aware that eBay actually tried to integrate Bitcoin in 2014, and 2021 respectively, along with NFT trading. I'm into cryptocurrencies, and it's the first time I've been hearing about this, after being active on the scene since 2012-13. Certainly, it wasn't that widespread, but I'm now reading that it may try to integrate several cryptocurrency means of payment.

Personally, it does sound complicated, not sure if I'd use it, but I do hope it gets through, it will severely assist Bitcoin and digital assets in general.
1952  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 13, 2022, 04:22:25 PM

Litecoin is a good example. Many of those who came to the crypt have long perceived it as a TOP cryptocurrency and this is partly true, but over the past 2-3 years it has lost its position, although the "brand" of litecoin is still strong. But you can lose a lot of money if you believe on hodl strategy, cause litecoin still didn't get it's ATH of 2017-2018 years when it was about 400-500$.

That's why I say that the HOLD strategy works so far only for Bitcoin, which eventually returns its positions and takes new ATH levels.

We don't actually know that, it could take years for Bitcoin to recover, which did happen in 2017, crashing from $20.000 to $6.000 within a day or two. Recovery took place 3 years later, in which plenty had given up, including myself. However, I was one of the lucky ones and I didn't sell my Bitcoin back then, because I had completely forgotten about them, only to regain access in my wallet in 2021.
1953  Bitcoin / Bitcoin Discussion / Re: EBAY might accept BITCOIN on: March 13, 2022, 02:03:51 PM
Despite the fact that's it's a rumor, it would extremely complicated to integrate Bitcoin payments on such platform. How would payments be processed, from buyer to seller? How would eBay handle the fees and the payments as well? On top of that, will sellers have to integrate Bitcoin compatibility in accepting payments, or would eBay have an algorithm to deliver the money to the final recipient, in fiat? If so, that would result in a large amount of money lost in fees.
1954  Economy / Economics / Re: Fuel prices hitting an eight year high on: March 13, 2022, 11:17:51 AM
Each country has a greater restriction given the use of gasoline, especially those that have always imported gasoline, it is something normal, at the moment that Russia is blocking it, they have already made the decision not to buy Russian oil at least in the USA, and that It also affects gasoline, because gasoline is obtained from oil, and as the constant flow of oil in the world decreases, they have to depend on the Arab countries and some with high oil potential such as Venezuela, it currently surprises me how Biden is negotiating with Venezuela to guarantee the oil and therefore not suffer for it and intrinsically in Venezuela as gasoline is paid for with international tariffs, this means that the oil and gasoline business model in the world will become increasingly difficult, it will even become more expensive.

I wonder why the Americans are still tolerating this loser called Biden. When Trump was in power, the crude oil prices were hovering at around $40 per barrel. Since then the prices have risen by more than 200%. And the Russian invasion had only a small impact on this. The crude prices were already close to $100 per barrel, when Russia started its invasion. The real reason for the price rise is stupid policies from Biden, such as the termination of Keystone XL pipeline and prohibition of fracking in federal lands.
That's correct, crude oil prices were already high enough before the invasion, the invasion didn't play that huge of a role in the current situation. It is true that we're now facing major records in electricity and fueling costs, however, it was a pre-existing situation, while the imposed sanctions in this case aren't helping at all.

I've seen that in USA they're selling stickers of Biden "I did this", and sticking them to gas pumps. Roll Eyes
1955  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 07:40:14 PM
Good, in short the OP is confining us to the HODL methodology which is the safest one and there is no loss as long as you are not selling your crypto currencies. With the time crypto will show numerous ups and downs and could result in shocked situation but all you have to do is hodl until you get desired profits.

However, to point out, current year is also the biggest DIP, and I feel like its worst one and we may not ever see it again if the crypto breaks the current resistance in the up coming days. Reason one, peeps are buying the currencies at alarming rate and thus we are making strong liquidity base, meaning at some point there will be large number of assets to trade so price wont fall sharply. Secondly the whole community is driving themselves towards halving year 2024, so brace for the bigger up surges.
The HOLD strategy works at a long distance only for Bitcoin and Ether. There are only 3 cryptocurrencies from Top 10 by capitalization in 2017 still in top 10 now in 2022 - BTC, ETH and Ripple.
All the others cryptocurrencies dropped out of the top 10, including Litecoin(which is still good) and Bitcoin Cash.
Therefore, I would not say that HOLD is a 100% winning strategy. It is always necessary to monitor the market, otherwise you can easily get losses.
We all mention hold, hold, hold, but no one mentions for how long, or what determines when to stop holding and convert to cash, or what else. You're mentioning for long-term, how long is that period? We've also seen examples of holders who eventually gave up after Bitcoin's crash in 2017. Thus, I believe that the holding strategy is a bit vague.

Certainly, we'll have to convert to fiat eventually, however, Bitcoin and Ethereum aren't the only reputable coins, such as Binance. Wasn't aware that Litecoin had dropped from top cryptocurrencies, hadn't noticed all this time.
Well, litecoin didn't exactly fall out, it just dropped to 21st place.
But now it's not only far to the 3rd place, but also to the top ten in principle.
It is well noted that the HOLD strategy can be successful, but you need to understand what you are going to do in the end? When to get into fiat? Or do not go out at all and wait when almost everyone would be accept payment with bitcoin.
Interesting, I just looked it up on CMC and didn't notice it. Anyway, holding requires a lot of patience and setting the right goals, at what point are you satisfied with the results, and what kind of results are you expecting from your coins. Certainly, history has proven that it works, however, that's a vague statement, since Bitcoin could potentially recover back to its old ATH in 2-3 or more years (that's an example).
1956  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 04:58:28 PM
Good, in short the OP is confining us to the HODL methodology which is the safest one and there is no loss as long as you are not selling your crypto currencies. With the time crypto will show numerous ups and downs and could result in shocked situation but all you have to do is hodl until you get desired profits.

However, to point out, current year is also the biggest DIP, and I feel like its worst one and we may not ever see it again if the crypto breaks the current resistance in the up coming days. Reason one, peeps are buying the currencies at alarming rate and thus we are making strong liquidity base, meaning at some point there will be large number of assets to trade so price wont fall sharply. Secondly the whole community is driving themselves towards halving year 2024, so brace for the bigger up surges.
The HOLD strategy works at a long distance only for Bitcoin and Ether. There are only 3 cryptocurrencies from Top 10 by capitalization in 2017 still in top 10 now in 2022 - BTC, ETH and Ripple.
All the others cryptocurrencies dropped out of the top 10, including Litecoin(which is still good) and Bitcoin Cash.
Therefore, I would not say that HOLD is a 100% winning strategy. It is always necessary to monitor the market, otherwise you can easily get losses.
We all mention hold, hold, hold, but no one mentions for how long, or what determines when to stop holding and convert to cash, or what else. You're mentioning for long-term, how long is that period? We've also seen examples of holders who eventually gave up after Bitcoin's crash in 2017. Thus, I believe that the holding strategy is a bit vague.

Certainly, we'll have to convert to fiat eventually, however, Bitcoin and Ethereum aren't the only reputable coins, such as Binance. Wasn't aware that Litecoin had dropped from top cryptocurrencies, hadn't noticed all this time.
1957  Economy / Trading Discussion / Re: An advice for newbies and plebs on: March 12, 2022, 02:26:30 PM
*might*

For me, if you are a responsible and well-knowledge trader even what is the condition of the market (bear market or bull market) you can still earn profits.
For example, doing futures trading because as you know, we can short the market or make profits even price is dumping. I know some people who makes lot of money even bear market.
As this user suggested, an experienced trader is usually capable of achieving profit, despite the market condition. Certainly, some days are better than others, while not all opportunities are equal, profit can still be made.

I guess that we're used to compare the current situation, with 1-2 years ago, in which Bitcoin suddenly skyrocketed, leading into thousands or even millions in profit.
1958  Other / Politics & Society / Re: [POV] War in Ukraine (The situation on the southern front). on: March 12, 2022, 12:41:36 PM
The current situation in the Nikolaev region leaves much to be desired ... since the Russians, under the cover of chaotic artillery attacks on the regional center, are moving their troops in a northeast direction. Does anyone else really believe that the MLRS "Grad" can hit the city's military facilities in the evening?


Quote

If it were not for the evening, the day would have been tolerable, since for almost the whole day I did not hear any signaling sounds and was in a good mood doing important things, and my wife cooked food again, (I think I'll have to devote a couple of days to family and work, so I'll see you in the middle of the week).

Quote

By the way... from VERY good news.

  • I found about 10 tons of free potatoes 400 kilometers from me.
  • I found in the neighboring region baby food, diapers, etc. at prices much lower than wholesale prices.

But the catch is that in my tiny car I will not take either one or the other, so on top of everything else on the weekend I will also look for drivers with my trucks!

Good luck to everyone and a peaceful sky above your head.
I honestly hope for the best, it's been 16 days or more since the start of the invasion, if I'm not mistaken. It's depressing to live in such conditions and from the bottom of my heart, I wish you good luck, it seems like there's a long road ahead.

However, I've been reading that Putin has opened negotiations again, "offering", more like demanding Ukraine to meet his demands, or he'll fiercely attack Kyiv and Ukraine in general.
1959  Other / Politics & Society / Re: USA will also suffer. on: March 12, 2022, 10:51:44 AM
The Western world is going to suffer from these sanctions (Europe and USA), oil prices were already high enough, however, after Putin's invasion in Ukraine, they have skyrocketed, after imposing severe sanctions. 30% of Europe's oil supplies are imported from Russia, it might take years to replace this production from other suppliers.
1960  Other / Politics & Society / Re: Will Russia and Ukraine join hands...? on: March 12, 2022, 07:33:34 AM
We all already know some of the reasons why Russia and Ukraine have conflicts as reported in many media today
and this tends to be the attitude of Russia's Separatism
and this war will not easily stop or there will be peace
Can the international world as the United Nations (UN) bridge these two countries so that they can make peace or to stop the Russian attack on Ukraine

The war is not just between Ukraine and Russia. Its war between Europe and Russia and the frontline is Ukraine, where Russian bombs are killing innocent Ukrainian children. As for the issue of international relations, The most powerful thing is political and economical isolation, which of course is very bad for everyone but  may help to stop war.
Ukraine was simply the excuse, Putin doesn't want NATO next to his country, which was also a country that belonged in the Soviet Union, a large part of their territory is Russian and their citizens are Russian - speaking for the very same reason.

The war isn't going to stop anytime soon, unless Zelensky surrenders and meet Russia's demands, something which is currently highly unlikely. Putin will keep going till he gets what he wants, one way or another.
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