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1021  Economy / Gambling / Re: shame on the stake on: March 02, 2023, 06:31:15 PM
it was the lag of their site. Yes, I can and will refuse, because the situation is absurd. I have been playing in this casino for several years, I bet small amounts, but quite often, during this time I have filled myself with VIP, and in such a situation the casino simply refused to compensate for its lags. especially since I asked to just cancel the bet as it would have been logical, but in the end they just ignored it.

I just want people to know that such situations can happen and that such a notorious casino will not be on your side.

I understand it, but the question is: can you prove that it was a lag on their side?
Even if you were recording it on your device, they could say that your request was delayed due to your provider not a lag on their site. You'd have to be streaming this live to have a chance because people would see that your connection to the streaming service was uninterrupted while the casino was lagging.

That said, I understand you feel cheated but there's basically nothing you can do. I sometimes exchange bitcoin using an ATM and it processes the order and gives you a transaction code, but sometimes it lags and the price changes in the meantime. I had a few times where there was a 5% move in bitcoin's price while I was waiting for confirmation and ended up cancelling the deal.
1022  Economy / Gambling discussion / Re: Why do people go into gambling? on: March 02, 2023, 05:56:13 PM
I asked this question here because I can't get the answer.

Because there's no single answer and if you can't find it it means you're simply not satisfied with all the answers that you're getting or too lazy to look for yourself.
People gamble for various reasons. For some its a way to kill time, others find it to be a social experience. Some gamble because it's a tradition, part of culture, while some people try to get out of a difficult financial situation by gambling and often getting deeper into debt in the process. Pick the answer that fits your profile.
1023  Bitcoin / Bitcoin Discussion / Re: Invest in Bitcoin by selling wife's jewelry on: March 02, 2023, 05:44:28 PM
My wife would probably kill me lol. If we did this back in the day, we would have probably close to a billion dollars right now, depending on when we did it of course, I mean like when bitcoin was 10 bucks, but of course I wouldn't do it at all, its like the signing of my death paper Cheesy All in all, its of course great if you could have the balls to do it, because in the end if you get richer, then your wife would be happy too, which wife would say not to a lot of money, they would be pretty excited about it. But in order to do it, you would have to risk a lot and that would cause a lot of trouble for you and definitely not something I would do.

Same here. If we had no money she'd tell me to take a loan or sell some bitcoin and spare her bling Cheesy
After taking a look at that jewelry I tend to think she must be Indian or Middle Eastern because the jewelry looks pretty traditional for that area. Where I live we don't wear "heavy" gold and this kind of bracelets.

Anyway, I wouldn't do that if she's attached to it, unless you have no money for food.
1024  Economy / Gambling discussion / Re: Drake Loses $400K Bitcoin Bet on Jake Paul’s Bout on: March 01, 2023, 10:09:07 PM
It's not new, he is vlogging all his bets and most of them are high amounts. I won't be surprised about this kind of bet that he did for Jake Paul. I too am a victim of losing money from trusting my money for him. I really thought he won that fight but we cannot defy the judges' decision.
What can we learn about the bet of Drake?
Nothing much. If you cannot afford such an amount don't bet like him.
There must be a limit on how much we can afford to lose and on his stance, he can and it's not difficult for him to make that much money again considering his net worth.

Drake is making money by losing it from all these sponsorships. I wouldn't be surprised if one of his sponsors covered some of that loss directly or by giving him rakeback or some form of credit.

He's not going bankrupt from such a bet and this is already working for him because we're all talking about it. This means more twitter followers for him, more viewers on his streams, more sponsorship invitations from casinos because everybody wants to have a high roller on their side.
1025  Economy / Economics / Re: Money is for the important things on: March 01, 2023, 09:58:11 PM
I have a few things that I want to buy but none of these is urgent. This is the main reason why I invest in bitcoin because I know I might need money in future but I don't need it now.
When you know bitcoin will grow in value over time investing becomes something clear and obvious because it can take 5 years before you can take some profit but eventually you will.
I'm not spending my money, I'm still saving. I know that one day I'll be too old and too weak to think of working and that's when all of this will come into play.
1026  Bitcoin / Bitcoin Discussion / Re: On Ordinals: Where do you stand? on: February 28, 2023, 08:36:17 PM
People have the right to add things to their transactions, but other people have the right to reject such transactions. It's a matter of which group is going to be bigger in the end.

I agree that there should be some censorship and that censorship should not be done the authoritarian way, but rather the libertarian way, with a pinch of capitalism.
If someone came to me and told me they want to spray my car bright pink and do the same with my house because they're making a youtube challenge or something, I wouldn't say no, I'd ask what am I getting out of it. If you pay me $20k, go ahead and paint my car pink, I'll go get it wrapped for 5k and have another 15k left.

You want to spam the network, fine, but how much are you willing to pay?

I'd rather not see a picture of a penguin or a monkey attached to my transaction, but if someone is willing to pay big money for that, so be it. Maybe we'll all profit on this thing one day because Judy will pay 100k to have her instagram link on every full node.
1027  Bitcoin / Bitcoin Discussion / Re: nft censorship and what power the programmer has on the network! on: February 28, 2023, 08:16:19 PM
That's an expensive way to troll him since someone paid almost 10k for that, but Luke lost a lot of bitcoins in a recent hack, so that could be his own money paying for the inscription that he wants to censor. That would be one twisted plot, don't you think?
Luke is not the creator of bitcoin. I don't know why somebody would think that and he can't do anything alone. It's fun to watch the guy being trolled but he's giving us an option. He's showing that it's possible to filter these. Maybe if this trend catches on there's going to be so much trash in there that we'll have to.
1028  Economy / Gambling discussion / Re: Gambling is Neither Good or Bad on: February 28, 2023, 07:53:27 PM
It all sums up with how we see gambling. Those people that really have terrible experience will look for someone or something to blame for with their misfortune. Especially, if they don't want to accept their losses and it's hard to imagine thinking that it would be a great move for them to just accept that they've loss but they won't.

Also, it's all about our free will. Nobody forced us to gamble so if there's anyone to blame for, it should be ourselves and our decisions. It's true that it's neither bad or good but depends on the perception who sees it and the feedback that he'll give to it.

The way we see things doesn't change the nature of these things.
A person can be seen a s good or bad depending on what views those judging said person have, but it doesn't make that person good or bad.
If you shoot a deer, hunters will say you're a good man, and animal rights activists will say you're bad, but it doesn't make you good or bad.
A gambler who steals to feed his habit is bad beyond doubt, but gambling itself isn't bad.
1029  Economy / Gambling discussion / Re: it will definetly save you on: February 24, 2023, 08:47:25 PM
7. So for example on 3x Payout , the safe losing streak is 18 and the max losing streak is 24. So if you get a losing streak above the safe losing streak followed by a win stop your bets immediately.
8. Next time the long losing streak will be definitely more and you have no clue when it will cross the max losing streak.

That's a pretty useless advice since you're telling people that 18 is a safe losing streak. If they're using Martingale a streak of 18 loses is going to wipe them out completely. You'd have to start with an extremely low bet, or have a huge bank to be able to afford 18 in a row.
Max is 24? There's no maximum. You can easily go above that if you play long enough. The reason why people hardly ever do that is nobody can afford it. You'd have to be betting the same amount every time and playing with a few bucks a round to reach 24, but in that case you'll be down maybe $100, which for moist people won't be a sign to stop.
1030  Economy / Gambling discussion / Re: How do you keep your gambling habit under control? on: February 24, 2023, 08:30:09 PM
I feel like this topic is appearing every month and people are always saying the same thing, the topic gets locked and disappears among other, new ones, and someone comes out asking about it weeks later.

Here's some honorable mentions, maybe this will answer your questions:

How can I control my gambling addiction ??
Gambling control
Tips on how I controlled my Gambling addiction.
Is it possible to control Gambling behaviors?
Controlling your temper in gambling

Does any of you know how to use the search function?
1031  Economy / Economics / Re: Did the Bitcoin Maimi conference 2022 contribute to Bitcoin price. on: February 24, 2023, 08:22:22 PM
This brought me to my worries if is is right to attribute the slight growth in price as a result of the 2022 conference and what to expect after that of 2023.

The conference was like what? Almost mid 2022? Not sure how we could point to that.

Also funnily enough, the cryptocurrency space has this thing with conferences where prices drop right after the events lol.

The god old saying buy the rumor, sell the news. People buy before every event and sell when it's happening and that includes conferences.

To be honest, there's no relation between any conference and price because the biggest contributors are people who don't care about bitcoin improvements and people who aren't building anything.
For instance, devs are not the biggest traders, on the contrary, devs are rarely trading anything. It's the same with people who run nodes, they are rarely traders.

Miners also won't buy bitcoin because of some conference or network upgrade. They have so much money invested that they're steadily selling all the time to pay electricity bills and buy new hardware. They are the biggest contributors to network stability, but they don't speculate on exchanges. 

The spot price that we're seeing is just a fraction of the real value of bitcoin because traders are just a fraction of the bitcoin community. I hold a lot of BTC and I hardly ever use centralized exchanges.
1032  Economy / Gambling / Re: Looking for paying online casinos for refer on: February 24, 2023, 08:10:08 PM
I don't think referrals would take effect over here, there are other channels to share their referral links just take a look at some telegram group with lot of members one can easily share over there. As per this forum I also do sign up as well so getting referral over here would not help anyone doing such activity.

Going after referrals is like faucet farming. You put in a lot of effort and earning pennies. It's not worth your time, unless you have a big family, but most referral programs are made the smart way so that referring someone who just makes an account doesn't work. You need that person to wager a lot of money, for instance you're making 1% of their wager, so if they put in $100 you'll only get $1, which is nothing. A simple forum campaign will pay you $3 per post.

Don't try to look for time-consuming ways to make money. Think outside the box.
1033  Economy / Speculation / Re: Bitcoin - is the bottom in? on: February 24, 2023, 08:00:39 PM
That said, the bottom should be in. Those guys who still wait for 10k to buy bitcoin are tools IMO. They're spreading FUD hoping that people will react to their bullshit.
To be fair most of the times when we see someone making an outrageous speculation about big drops or even big rises, they don't actually believe it themselves nor do they wait for it. They are merely stating their hopes and dreams. For example someone who panic sold their bitcoins below $20k resistance and have been setting up buy orders at $10k is not going to accept the fact that price is now above $20k and their buy orders are never going to be filled...

There's that Soloway guy who I saw quoted on Coindesk. To be honest, I have no idea why they think he's credible. After all, he's just one out of hundreds of traders who make their predictions public.
Anyway, after FTX crash he kept talking about 10k bitcoin and although months have passed he's still stuck in that prediction. According to him everything is a fakeout and we're still going to 10k. That reminds me of Tone Vays in 2019 who kept calling for 1k.

When prices fell below 20,000, it was surprising to many people or most of us did not expect it, so the long stay in that range was a reason to think that we might go back to less than 10,000 dollars.
This did not happen, and therefore the chance of us returning again to that range is diminishing as long as the period continues to stay above that level for a long time.

I suspect it was because like me they were surprised by sub 20k. Since the beginning of 2022 I was sure the worst case scenario was going to be 20k, maybe a wick below to 19k, but FTX panic made us fall below that and most traders got scared of it. THey thought that since it's the first time bitcoin fell so low the cucle-based TA is wrong and we're going lower. They failed to see that this wasn't a natural drop.
1034  Economy / Economics / Re: How rich would I be? on: February 23, 2023, 10:13:41 PM
You'd have to give us some numbers to begin with, for instance how much you'd be investing each month and what's your starting point.
Even with that it would be very hard to do the math because bitcoin has only 13 years of data and some of this time bitcoin wasn't actively traded or was traded only on 1 or 2 exchanges with very low volume. How would you predict what's going to happen in another 100 years when you only have 10% of that to use as template?

We can assume that there will be a bull market with every halving, so let's say you're going to be around for another 50 years, so 12 bull markets. If you manage to get 1 bitcoin by 2024 you can expect it to be worth a million dollars in 2036, and that's just 3 cycles.
1035  Bitcoin / Bitcoin Discussion / Re: What do you think will happen once Hong Kong legalizes bitcoin? on: February 23, 2023, 09:48:30 PM
It's great news, but many countries in the EU have it recognized as property and a legal investment. It's not as big of a news as if the country was announcing full acceptance, like allowing people to pay taxes in bitcoin and endorsing bitcoin use, the way El Salvador does.
If that happens in June it's going to correlate with the switch from bear into bull market, because we'll be about 9 months from the halving. Wish they were doing all these good things in the bear market to give us a softer landing.
1036  Other / Politics & Society / Re: Demilitarization of Iran and Russia. The path to peace and tranquility on Earth on: February 23, 2023, 09:34:11 PM
The first surprise was how normal life was. Despite all the media reports of doom and gloom as a result of western sanctions, everything works just as before. Domestic banking is working, salaries and pensions are paid on time, ubiquitous e-commerce is bustling with activity, the shops are stuffed with food and consumer goods. In St Petersburg, at least, I’ve struggled to notice any change in daily life compared to January 2021.

It's been a year, so I don't think we can assume that there are no shortages just because Russia seems to be doing fine on the surface.
Some of these sanctions will have an impact in 2 years, some will in 5, but they will eventually.

I'll give you some examples. First of all, Russia lost a lot of its military power and it doesn't have a way to rebuild it. Sure, some of it was old soviet-era tanks, but when you're fighting on your own land at the very least you can get scrap from lost vehicles, you can strip them from whatever is left. Russian scrap is in Ukraine now, they won't even be able to turn it back to raw metals, not to mention the vehicles and weapons that were in good shape, that the Ukrainians are repairing. Russia was building and maintaining this force since the 70s and most of it is gone forever.

Another problem is emigration. Many Russians moved in fear of conscription. These were often educated young people who would otherwise be earning money and paying taxes. This is not something with immediate impact that can be measured after a year.

As far as shortages go, the main problem is electronics, chips, technical support for machines. The whole industry relies on specialized machinery like CNC, laser and plasma cutters, computers. They are going to have a huge shortage of that. Another problem is going to be with already installed critical systems that they were getting from the West, like AC systems, industrial coolers, car control units (ECU and such). They may still be getting some car parts but the problem will be with electronics, especially for German cars which are popular among wealthy Russians.

For now they still have a lot of used car parts they can keep ripping out of scrapped cars and renewing, but after some time they'll be back to doing it on milling machines from the 70s and 80s, or they'll all drive Ladas.


The second participant in the beginning of the world massacre, a friend and ally of Hitler's Germany - the USSR, at a certain point turned into a victim, begged for help from the whole world, and in fact destroyed his friend-competitor by proxy.

Russia's always been great at rewriting history.
They attacked Poland, then came back as liberators. They were so worried about how the nation might remember them, that they kept a large army in Poland up until 1993 (!). They were basically occupying the country for 50 years building statues of communist leaders and naming the streets after communist leaders and the Red Army.
1037  Economy / Economics / Re: Is There a Lesson for Economies and Entrepreneurs to Learn from Bankruptcy? on: February 23, 2023, 09:00:59 PM
Why did they file for bankruptcy?
- rising interest rates
- high inflation
- Difficulty hiring
- ongoing war in Ukraine

None of the above!

FTX failed because it was a scam. They were stealing money from users, trading while intoxicated, donating people's money to politicians...
All the companies that held money with FTX, or had loans with them went bankrupt because they did not realize it was a scam, or did not bother to check.
Things like employment rates or war had nothing to do with it.

There's more than one lesson to be learned from this.
Don't trust, but verify.
Don't hold coins on exchanges.
Not your keys, not your coins.
1038  Bitcoin / Bitcoin Discussion / Re: how do I keep my private key safe? on: February 23, 2023, 08:49:25 PM
A hardware wallet to create a seed and transfer the coins. The seed on a fireproof steelewallet in a fireproof safe and the combination by keycode in a very hidden place. That's i think a good plan. Or in a safe in a bank, but that's kind of weird when i hear: Be your own Bank. How about a tattoo? You can hide the seed in art, or tattoo not all the words and the rest keep in mind.


Not a bad idea if you're already planning a tattoo. You could put the seeds somewhere within the image so that only you know how it works.
I see 2 problems with that though. Somebody has to tattoo you, so that person will know your seed. You'd have to either do it yourself, or trust someone.
The second problem is that even if it's on a covered part of your body, you'll expose it at some situations, for instance when sleeping with someone. Say it's your girlfriend and she writes it down while you're asleep and keeps it just in case you happen to break up with her, at which point she leaves with your money. Cheesy
1039  Bitcoin / Bitcoin Discussion / Re: Does inflation affects bitcoin? on: February 22, 2023, 10:17:33 PM
There's this thing called inflation death spiral. When inflation remains at 2-3% people don't notice it. Goods and services don't visibly go up in price every month and people spend money when they need to. Situation changes when inflation hits double digits, at which point prices can go up month to month and you see it. That makes people spend more money to get rid of it, more spending means more loss of value for the currency and more inflation.

Such event, like the ones in Venezuela, Turkey, Zimbabwe, make people dump currency for a better store of value and that includes bitcoin, so the price is and will be affected positively by inflation. On the other hand countries try to slow this selling of currency by adjusting interest rates and this can make some investors (mainly those who are now in debt, or who invested on credit) sell their bitcoin. This is a temporary situation though because in all possible scenarios bitcoin pumps in the end.

Scenario 1: FED keeps increasing rates and crashing the markets. Traditional markets will dump and take bitcoin for a ride, but stocks can go much lower than bitcoin. Eventually people will start switching to hard assets like bitcoin and gold and make bitcoin decouple from stocks.

Scenario 2: FED gets scared of crashing the markets and pivots. They'll go back to printing and realize that their target inflation levels are unachievable. Everything goes back up, bitcoin pumps for speculative reasons.

Scenario 3: We get an inflation death spiral that leads to hyperinflation and a monetary collapse. Again people will turn into hard assets, bitcoin goes up.

Scenario 4: people get scared of FED rates, stop taking loans, stop spending, inflation goes down, FED keeps the rates at current level to stabilize the markets. Bitcoin will remain stable and pumps after the next halving as difficulty rises.
1040  Other / Politics & Society / Re: Demilitarization of Iran and Russia. The path to peace and tranquility on Earth on: February 22, 2023, 09:59:27 PM
Yes, I’m sure the demilitarization of those who oppose western beliefs is the answer to peace… That’s sarcasm by the way if it wasn’t obvious. I’m sure in Iran and Russia they are probably say the same thing in reverse. If they could I just demilitarize NATO then we’d have world peace… It just depends which side of the fence you live on in a majority of the time. The other guys are always the bad guys…

Sure, great idea. Demilitarize NATO so that Putin can expand into the Baltic states and get a land connection with Kaliningrad. That's what he dreams about.
The ideal Russia for Putin is Russia that includes Ukraine, Moldova, and all 3 Baltic countries. To be honest I'd rather demilitarize Russia because NATO at least asks countries if they want to join. Russia doesn't ask.
I don't support demilitarization in any form, but there are some countries that could do with a little outside intervention. For many years I thought that North Korea was the most deserving country, but Russia is slowly crawling towards first place.
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