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July 06, 2022, 11:08:48 AM *
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1  Bitcoin / Bitcoin Discussion / Re: Was the coupling of Bitcoin to fiat a mistake? on: July 05, 2022, 08:24:20 PM
Had you banned fiat exchanges, you'd have people doing it for various goods, deeds, IOUs. You'd have a debt trading market, marketplaces and so on, so people would still be trading, even if only on paper, but you'd be lacking a good measure of price. All physical things in this world, even space trips, human organs, sex, have value in fiat. You can't decouple it. If the US bans fiat trades you'll be bale to trade it for pesos or some other currency.
2  Economy / Gambling / Re: Rocketpot.io refusing to pay out 170k win on: July 05, 2022, 02:00:10 PM
Tried contacting support to speak with vip manager “Sofia” for an update was told she doesn’t work weekends and was also now told I’ll be updated via email and my case is being reviewed by the “financial manager”. See pic https://imgur.com/a/H049Zy2

As of now, still no payout received from rocketpot.io and they continue to delay…

Looks like their support can barely communicate in English. This says a lot when they hire people who can't fulfill the most basic requirement for the job.


16k out of 170 is still a very small portion of the money owed.
Let's hope you'll get it all.

The limits and the reluctance to pay out a legit win suggest they don't have enough money and prefer to pay out wins with losses of other players.
3  Economy / Economics / Re: Why You should not worry about BTC price action on: July 05, 2022, 01:47:06 PM
I'm worried and not worried at the same time. I believe in bitcoin so I'm not worried about corrections. I know in the end there will be a halving and then another halving and bitcoin will still be here 2 halvings from now, worth more than today.
I'm worried because I can see a lot of manipulation and influence from central banks and governments. I also see price go down week after week with no bounce which is a new thing even for bitcoin. This crash is very strong. Stronger than 2018 and 2014. Most red weeks in a row ever, price below mining profitability, and all this happened in just a few months.
4  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: July 04, 2022, 10:57:49 PM
Translation: Adolf Putin sent the "center" group to their deaths (thanks for the fertiliser) and now has to bring on another truckload of cannon fodder including signing a law admitting 60 year old (I wonder if they know that they cannot stop the fight every hour to take a leek) and compulsory conscripts from the Donbas (hey officers, do not turn your back).

They liberated a town from its native inhabitants. All other people would call it a military assault, but Russians claim that they're helping these people by killing them. Meanwhile, Mcdonalds restaurants in Russia are running out of Coca Cola and serving moldy burgers, Kaliningrad is isolated, Finland and Sweden are officially accepted into NATO and the war goes on. No, not a special operation. It's a war. 
5  Economy / Reputation / Re: Royse777, Bitlucy and long story in brief on: July 04, 2022, 10:42:18 PM
He never pretended to be a friend and you don't know what happened with him taking over some of your campaigns, but I guess I could also ask him to prove how he got this latest job  Cheesy
Unfortunately for Royse, he/she lost more than 1 campaign due to this.

It really looks like someone is making sure that businesses who hire Royse are well aware of his reputation and of his negative trust comments, which is why he's losing jobs.
I'm not taking sides here, just stating the facts.

Quote
Guys, we don't need manager wars in forum  Tongue


In business there's rarely any friends, only friends with benefits Grin
6  Bitcoin / Bitcoin Discussion / Re: Will you be in favor of Gold or Bitcoin !! on: July 04, 2022, 10:08:50 PM
I like both. Gold has its physical uses and bitcoin is much more secure and easy to verify. You don't need a bag to carry bitcoin around and you don't need scales to be able to verify its real value.
On the other hand, you won't make pretty jewelry out of bitcoin and you won't get a good electrical connection with it. Gold lovers will have their points and bitcoin lovers will have theirs. To each their own.
7  Other / Politics & Society / Re: NATO Summit -Excerpts on food, support to Ukraine and stance towards China & RF on: July 01, 2022, 09:58:06 PM
The interesting or maybe even frightening thing was that for the first time NATO brought in 3 additional countries to the summit. Countries that aren't located in the North Atlantic.
Is NATO becoming a worldwide treaty now? Reminds me of Israel being invited to the Eurovision each year.
I feel like this is going to push China more into the arms of Russia.

Fun fact: one might thing that world leaders will have good tailors, but some of them have much too long pants.
8  Bitcoin / Bitcoin Discussion / Re: 0.2 ₿ puzzle on: July 01, 2022, 09:32:38 PM
Runes!

Thanks for sharing OP.

Any reference for these runes?
Anybody else found them symbols mesmerizing?

"in wich they were received the payee needs proof that at the time of each transaction, the majority of nodes agreed  it was the first received"

This is interesting because it looks like a mix of languages. At first glance it's Germanic not Nordic because sign no 4 from the bottom (ᛜ ) is Germanic but there's no such rune in the Nordic alphabet.
Many other runes are from the Nordic alphabet, some defining numbers from the runic calendar. Did anybody decrypt it? I might try, I like these things.
9  Economy / Gambling discussion / Re: Phil Mickelson Opens Up About Losing MILLIONS From Gambling on: July 01, 2022, 09:11:20 PM
At least he had the experience to share. Like I've never had millions to spend, so losing it on gambling would at least have been an adventure of some kind. Like when you hear that someone crashed a lambo. At least he had it for a while and drove it to the end of its road Cheesy
That said, I hope he recovers from the addiction and one day is able to talk about it all with a smile, drinking beer, not like it's a personal tragedy but more like something he survived and became stronger.
10  Bitcoin / Bitcoin Discussion / Re: Strong Hands Are Buying on: July 01, 2022, 07:18:49 PM
We can't know i the next few months it could go lower, I wouldn't rule it out, but we are definitely in a clear buy zone if you plan to hold bitcoin for the long term.
We do not even know if the price by the end of this year will be lesser than $15000, bear market can last like that of 2018 that started in January and lasted long all through the year, that is just it. I understand that it is a buying zone, because people that buy now and hold for like 3 years will make significant profit even if the price of bitcoin still decreases further this time. I agree with this.

What if it reaches 15k and bounces back? Do you feel like you can catch that bottom?
It's proven that reading a bitcoin bottom or top is really hard. Some people claim they did it but in reality they were doing DCA both up and down. This means that they were buying and selling at every significant level, like in the bull market they were selling at 25k, 30k, 35k, 40k, and so on, getting rid of 10% each time. When we fell below 30k they were buying at 25k, 22k, 20k and will be buying all the way down to 10 k if that happens.

In reality a worst thing that can happen to risk on investments like bitcoin is an 85% correction which would put us at 12k. In 2020 we went to 4k and I held, so I don't really care if we go to 12k by the end of the year. In 2 years we will retest the ATH, so by that time I'm planning to add another 1 BTC (if we stay below 20k because I don't earn enough to get 1 btc @60k, so low price is actually better if you're trying to get as much as possible before the next halving).
11  Economy / Gambling discussion / Re: An alternative to gambling with money. on: July 01, 2022, 07:06:59 PM
Using fake money gambling application might be a good platform to curb gambling addiction but it would fail if there is no will power or determination to quit. Like you rightly pointed out mate that these application was mainly designed to improve gambling skills and experience. It might serve as a tool of increasing the addiction. After using the application to master some skills, most addicts might want to apply those skills to real gambling. Its just like advising a sex addict to curb his sexual drive by watching pornography.

 Grin Good point, but in the end you messed it up - studies show that the availability of pornography reduces the number of sex crimes. It turns out that this serves as a relevant replacement.
This will not work in gambling - compare your emotions from, for example, losing (or winning) a million fake dollars and real ones. I think the difference is huge.

Great point. Some urges can be compared to a dam that's struggling to hold water or a contracting spring and sexual tension is just like that. You can release it in many ways, for instance by masturbating and it's proven that without masturbation many "normal" people wouldn't be able to function in a society because their needs are so high that it's difficult to fulfill them in a normal relationship.
Gambling is different. It's not a tension, but rather alcohol that brings you pleasure every time you get a small dose, but you can overdose it and feel bad the next day. You can't satisfy a drunkard or a drug addict by letting them smell alcohol or drugs or play a drinking game. They need the real thing. 
12  Bitcoin / Bitcoin Discussion / Re: The unpredicted rise of BTC in 2022-2023 despite predicted bear market on: June 30, 2022, 03:16:07 PM
I am aware of the 4-cycle theory, but I think that due to the rise of metaverse, digital economy shall rise too (new economic tools designed specific for crypto-purposes, the in-stability on stock-markets due to different reasons: war, inflation, gas prices).

You see, the problem in this assumption is that bitcoin cannot rise without the stock market. There used to be no correlation between the two, but at some point big wall street players who made money on the rising indexes begun to invest more in risky assets. Before, bitcoin used to pump on its own, like in 2011 and 2013. There was no wall street in the space, no leveraged exchanges, no loan platforms and no stable coins, but there were bull and bear markets for bitcoin. They are still here just that they are started and ended by stocks because hedge funds have more money than normal bitcoin investors and can tip the scales if they want to and all the small players see that as an omen and follow.

This is retarded if you ask me but it's how the market works. One or two big players overleverage and get in trouble due to some real world problems, like they get sued for something unrelated to bitcoin, or their company is battling a takeover and they sell a few thousand bitcoins. Suddenly all those who were leveraged get liquidated and seeing the big drop all those who were saving up to finally get 1 bitcoin also sell at a loss because something big hast to be happening with bitcoin for all those people to sell.
Bear markets rarely have anything to do with bitcoin itself, but usually a lot with how confident or how scared investors are. Probably the only time it wasn't so was when Gox admitted they had no money because they got hacked and were lying to customers for months trying to raise money.
13  Bitcoin / Bitcoin Discussion / Re: Tom Lee's Fundstrat Warns of Big Bitcoin Sell-Off !!! on: June 30, 2022, 02:39:19 PM
A selloff may happen or it may not happen. It all depends on how many whales will bankrupt on stocks and feel the need to cover their losses by selling bitcoins. Tom cannot predict that because there are no technical indicators showing that someone will dump coins on the market or not. He's taking these predictions out of his ass and that's why they are never any good.

Note that he used to give exact numbers like Bitcoin to 50k in 2018 and now he's back to generalizing about downside risk. Downside risk in a bear market... no shit Sherlock!

Maybe I'll become an analyst at Fundstrat? I'll be telling them that bitcoin will go higher once we're above the 50 week MA and I'll warn about downside hen we go below it. I wonder how much an analyst makes these days Roll Eyes
14  Bitcoin / Bitcoin Discussion / Re: Today is the story of my investment in Bitcoin on: June 30, 2022, 02:23:19 PM
On one hand you did great OP by buying bitcoin  and not some altcoin. You also chose good buying in at over 70% discount, which should reduce the risk of losing money to a minimum.
On the other hand, you took a loan and interest can be different in 2 years if the inflation keeps rising. Remember that banks can renegotiate your deal if the economy takes a huge hit and also, your fiat will be worth less, so you won't have other choices but to sell bitcoin and take a loss or sell some other property to pay the bank.

1 Bitcoin is just a number. You don't need that much. What if you had 0.5?
I feel like you're chasing profits because you're giving yourself a timeline of 2 years. What if nothing happens by then? Will you consider bitcoin a bad investment?

You're like those guys who invest in bitcoin because they have something to buy and they say to themselves" next halving I'm getting a corvete because I have to show off to my friends! Since bitcoin can reach 100k after the 2024 and my dream car costs 70k, therefore I need 0.7 BTC at $100k to cover that, so I'll take a lonan, buy 0.8 BTC, 0.1 will cover the fees and the rest is for the car"
Plans like that rarely work and then you fall into depression.

Don't expect anything, consider the money lost already, stop following the price and just live your life.

When the price was down in 2018 and 2019 I kept living my life and just accumulating bit by bit from signature campaigns and it paid off. I'm doing the same thing now. No loans, no trading, just holding until something good happens and something will eventually happen. If not this year then in 3 years.
15  Bitcoin / Bitcoin Discussion / Re: According to Sam Bankman-Fried, some Bitcoin exchanges are insolvent on: June 30, 2022, 12:50:20 PM
It's normal that guys like him come out with their worse predictions for the bear market. Nobody pays that much attention when we're in bull market and Mike Novogratz comes up and says we're going to 200k, but people get worried when bears say we're going to 1k like they did in 2019. Funny thing is that people who make these predictions often consider themselves "objective traders" and then at 4k they come up with 1k which is 75% drop and that never even gets close to what they were predicting. Tone Vays I'm talking about you Wink

Another funny thing is that these exchanges were doing fine in 2020 when we dropped to 4k in March 2020 but suddenly they're in trouble at 20k? Who's going to believe that? If we were at 3k right now they'd probably all go bankrupt, but so would 99% of people who hold cryptocurrencies. It's not going to happen.
16  Economy / Gambling discussion / Re: Is it possible to control Gambling behaviors? on: June 30, 2022, 12:15:46 PM
When do people usually have behavioral problems in gambling? That is when they started gambling uncontrolled. Since online gambling is now the safest and platform (with out hassle and easy to play at home) , many gamblers are busy with it all day long. If someone loses too much in gambling, then there will be behavioral problem with him, and if someone gain much, then also there will be a change in his behavior. That is, when he wins more in gambling he also panics to win more. So according to me the only solution to this behavioral problem is meditation.

Meditation? Really? How is that going to help? To meditate you have to stop gambling first and sit down in a calm environment where nobody can bother you, with no phones ringing and messengers beeping. How is someone who is gambling at work or in an internet cafe going to find such place? Given that a person is home alone, if that person cannot control gambling urges they will not stop and start meditating. They will sit and play until they run out of money or the computer breaks.
17  Economy / Gambling discussion / Re: Self Exclusion on a National Basis, Australia 🦘 on: June 30, 2022, 11:52:18 AM
I realized that there are a lot of idiots in Australia when I saw their covid concentration camps and their insane covid restrictions. This initiative also smacks of totalitarianism. I do not understand this logic - for the sake of separate idiots who themselves cannot cope with their problems, they want to totalitarianly tell everyone how to behave and how to conduct business? Crap ideas. I understand the problems of addicts but when it turns this way I become extremely intolerant.

Canada is acting in a very similar way. We all knew about China and how things are there with their full control over people, public executions and constant denial of freedoms, but I used to think that Australia and Canada are democracies.

As for the self exclusion it makes not much sense because they clearly state that it's going to be forced upon Australian casinos. What about those situated abroad? How is that going to stop people from gambling? IMO nobody forces anyone to gamble. If they want to do it they will and no additional options and boxes to tick will stop them.
18  Bitcoin / Bitcoin Discussion / Re: How I started Bitcoin investing on: June 29, 2022, 10:10:17 PM
There was a lot about bitcoin in the media after the MtGox collapse and bans in China so I looked it up because if governments are banning it and people think it's in a bear market this might be the thing to get involved with. I went through all the stages. Tried cloud mining, trading, gambling, investing, staking, you name it. After all of it, buying and holding bitcoin is the way to go. I still hold some of those cheap bitcoins that I got for a few hundred $.
19  Bitcoin / Bitcoin Discussion / Re: BTC Coupling-Is BTC just the SP500 with more steps? on: June 27, 2022, 09:34:20 PM
The correlation is due to the fact that Wall street and banks entered the market.

Back in the day people had to buy bitcoin or mine it to be able to sell it. Now they can trade with borrowed money and banks moved in, like when we had that strange case of Jamie Dimon criticizing bitcoin and saying that he'd fire anyone who's caught trading bitcoin and then we heard that they set up a bitcoin trading desk in his bank and that his daughter owns bitcoin... When these guys invest they play around with the balance sheets, they take loans and the money they can invest depends on how much the fed allows them to have. It depends on whether people deposit and save up, or spend a lot.

Then we had covid and lockdowns. People weren't spending much because they simply couldn't go to concerts, gyms, they couldn't travel, so they were saving up, scared of possible pandemic. The governments printed money to give out stimulus packages all around the world. Then lockdowns were lifted, suddenly the covid threat wasn't high anymore, so everybody began to spend and that's where inflation hit its all time high, wall street loans skyrocketed in value and they were forced to sell assets to cover them. You know the rest.

Hopefully they are out already and won't have any coins to sell after the next FED meeting. Eventually they will be out and bitcoin will no longer follow indexes.
20  Economy / Gambling / Re: Bitcoin Casinos Vs Ethereum Casinos on: June 27, 2022, 08:35:26 PM
After reading this article, I thought about starting to use an Ethereum Casinos. What do you think about this?

WHY?

Ethereum, on the other hand, comes with several unique perks. For starters, the transaction speed on the Ethereum platform is much higher. The network can handle double Bitcoin's transactions in a second, which makes a difference when talking about large transfers.

Secondly, Ethereum is more than a payment system; it's a computer network for smart contracts. With Ethereum, you can create decentralized apps or dApps.

This is where things get really interesting.

Dapps can give you a whole new gambling experience. Imagine a casino that runs on the blockchain, and that's provably fair. That's what Dapps can




So, you are thinking about switchjing to ETH because transaction speed is higher and there's provably fair system? The same system works with bitcoin, so you'd choose ETH casinos only because your payment gets there a few minutes faster?

Also, BTC fees are 1.3 USD on average, but they sometimes skyrocket to... 3USD. ETH fees on the other hand can jump to 10USD or more.

THe article is pretty bad at persuading people to use ETH casinos.
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