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1101  Economy / Speculation / Re: Could this be the reason for the recent rise in Bitcoin price? on: January 26, 2023, 09:07:34 PM
The main reason IMO is the dollar index. Usually when the dollar goes up bitcoin and stocks go down. The USD pump in 2022 was overdone by the FED and the rest of the world saw it and started looking for alternatives. Many countries are nowadays exploring the option to add gold and bitcoin to their balance sheets and China with a few other countries is looking to substitute the dollar with another currency in foreign trade.

Now the USD has been going down since October and you could see BTC starting to recover but we had the FTX situation that can be described as a black swan event in crypto. That dragged us down a bit and stopped the recovery that was due for many months.

I'd say that the return to 20k is natural and healthy for BTC. It's not a pump. If we go to 30k next week it can be called a pump, but what you're seeing today is a return to the mean.

1102  Other / Politics & Society / Re: How to Sustain a new year resolution on: January 25, 2023, 10:15:34 PM
The longer you manage without breaking the resolution the easier it will be. 

I had a resolution to stop drinking hard liquor because I used to get drunk on every party and last time I did it was on NY Eve when I drunk so much that I was vomiting for 2 hours, not joking. So I told myself that I won't get drunk again and I'll just have a beer next time I go out and it's been almost a month and I haven't touched whisky or vodka.
I wish all of you guys with resolutions manage to keep it.
1103  Economy / Gambling discussion / Re: Tom Brady's Gambling and HUGE loss. on: January 25, 2023, 10:06:02 PM
Tough luck, I should say. He might be a baller in NFL but he obviously isn't that lucky when it comes to these chances and a lot of other things. FTX is an investment that not everyone thought would go the way it did, because SBF was very open to whatever questions the media has in the exchange and was a very likeable guy, not until all of his secrets were uncovered and all of his poor decisions exposed. I wouldn't blame Brady for believing in FTX, as other renowned investors also took their chance on the said exchange. It would have been a good decision had it not been for SBF misappropriating the funds of the exchange and using it for his own good.

Anyhow, that's gambling for you. You win some, you lose some.

SBF was a good liar but many people saw through him months ago. You can see videos of people calling him out at least a month before the collapse. I won't shed a tear for Tom because he was advertising this scam. It's one thing to be an investor and another to be promoting this for other people to see and making them lose their money alongside of him and his wife.
Of course we don't know if he really lost money and how much because it appears that most of the money allegedly defrauded by SBF is still there, so there's a chance most people will get their investment back. Maybe Tom isn't as much under as people think he is.
1104  Bitcoin / Bitcoin Discussion / Re: First thing i will do if Bitcoin become legal tender globally on: January 25, 2023, 09:50:09 PM
Bitcoin isn't illegal in the EU so if I wanted to do something like OP (open my own mining farm) I could. Saying that you'll do it when it becomes widely accepted seems strange because by that time mining difficulty will be very high and there won;t be many coins left to mine. We also don't know what the price of electricity will be at that time and the cost of mining is going up every year. This would probably be the last thing on my mind in 10 years or so.
When it becomes globally accepted the price will probably be enormously high so the first thing I'll do is book myself a flight to some remote island, rent a cabin and read a book listening to crashing waves. I don't have any business in mind. I'd rather have some fun than start a business.
1105  Economy / Gambling discussion / Re: Too accessible of online casino grows addiction faster? on: January 24, 2023, 07:34:51 PM
It's true, there's direct correlation with access and addiction, provided that something is addictive. I'm sure that if we allowed for free use of drugs, we'd have more addicts to treat, but that said it might not be such a bad idea since the society regulates itself. If people saw a lot of addicts around them and saw how bad withdrawal symptoms are, they wouldn't ant to try drugs again.
It can also be said about gambling addicts. There's going to be an increase in the number of gamblers if we don't restrict them and allow them to play on their phones, but once the first wave of curious minds goes through, we will reach the point of plateau.
1106  Economy / Gambling discussion / Re: Cheat the Lottery Winner on: January 23, 2023, 06:51:52 PM
Money brings the worst in us so I'm not surprised that this woman stole the money. What I'm surprised about is that the victim did not check how much she had won and didn't bother to call and ask what the paid amount was to confirm it. She at least should've demanded a receipt of some sorts or a bank statement to how much was wired to her cousin. To get scammed is one thing, but to wait until there's a press release is another.

The good old bitcoin rule "do not trust, verify" suits this case well.
1107  Bitcoin / Bitcoin Discussion / Re: Self custody a large amount of bitcoin without being a target? on: January 22, 2023, 05:51:16 PM
I usually use a local physical exchange. It's a place where you can come with your phone or a laptop and get coins exchanged on the spot. With large amounts of money you need to do KYC, but if you really want to avoid it there are ways to do it, like going there a few times, each time exchanging just below the KYC limit. The limit is a joke and both the sellers and the exchange owners know it, but they have to obey this or they lose their license.

My main sources of anonymous bitcoin are p2p purchases at an exchange and signature campaigns.
1108  Economy / Gambling / Re: What do you appreciate more Desktop or Phone on: January 22, 2023, 05:37:17 PM
This thread could use a simple poll to show the numbers. I'm sure we'd have more desktop users, but I wonder how much of a difference this would be.

I prefer to use my desktop due to some obvious phone limitations and lack of security via public networks. When I'm at home I have more control over the connection.
To be honest, my phone is also pretty slow. I had the same model for the last 5 years and it's not what it used to be. I prefer to get a fast PC than a phone since I spend much more time on my computer.
1109  Bitcoin / Bitcoin Discussion / Re: Banks do not want bitcoin to become popular on: January 20, 2023, 07:12:42 PM
CNBC is a paid shill for whoever gives them more money and up to now these were bankers, but recently it might be the WEF. You can find videos of their management being invited as guests to Davos. How can anyone expect them to be unbiased about all of this if Klaus Schwab is paying for their expensive hotels and meals?
There's also a recent video where Jamie Dimon attacks bitcoin in Davos, comparing it to a ponzi scheme, when his bank, JP Morgan, was providing funds for SBF to run his scam.

Fuck this so called global elite. All they are is a bunch of corrupt crooks and liars.
1110  Economy / Trading Discussion / Re: Many signals don't work now like they use to be on: January 20, 2023, 07:00:25 PM
signals are always such a bullshit, most of the time, when their signal is right they are just stating the obvious, now these signals are showing its true colour that is they never correct from very beginning, these signals maker just don't have any idea about the future prices, they are just random guessing and if one of them is right they'd call themselves genius.

I agree that signals don't work most of the time, but the do sometimes, in a certain way. For instance, the Pi cycle top, that worked in 2018 also worked in 2021. It failed to show the real top (the second one) but showed the first one, when we hit 60k. I saw it and ignored it because I thought that 60k is just too low compared to other bull markets, that 3x from the ATH would make it by far the worst bull market in history, but we actually went to 70 and still got the worst bull market in history, followed by the worst bear market in history if we compare how much below the moving averages we went this time.

That said, I think the averages and fair value indicators work fine. We recently went above them after the black swan that was FTX.
1111  Economy / Gambling discussion / Re: QUESTION: For Gambling Enthusiasts ❗❗ on: January 20, 2023, 06:37:22 PM
The problem is that people always find a way to cheat or they master certain things so it isn’t as fair as it should be.
Mastering isn't a problem as you master it the fair way. What I find annoying in all the PvP games is that people either cheat using software, or they find bugs and glitches that allow them to win against other players and make their experience as bad as possible. This used to be a thing in all shooters, especially battlefield and call of duty series. For this reason while choosing a gambling PvP game you'd have to be prepared to lose money, even if you're a skilled player.

There's also a thing with practice. Would you allow players to play without wagering, just to get to know the game and get better at it before they make their bets? If you do, you'll end up with people experimenting with various tactics and you give them more time to find glitches and bugs they can later use against other players. If you don't do it, the only way to get better would be to put money into the game, so people ready to put a lot of time and money into the game ultimately win more, which makes it a pay to win game.

That said, I'd still choose B, if the game was well made.
1112  Bitcoin / Bitcoin Discussion / Re: Genesis Bankrupt, Impact on BTC? on: January 20, 2023, 06:14:13 PM
It depends on what you're doing here.

Say, you're a trader that's long on every coin he owns. You might want to sell some to have funds to use in case of an unexpected drop.
If you're in for the long run, own coins acquired through DCA, still have money to live by and possibly invest in case of a crash, you shouldn't feel threatened by this.

Most indicators show that bitcoin should go higher from this, at least towards 25k. I'm not a trader but I watch the charts and read analysis from time to time.
I held my coins during the FTX crash and I'm going to hold now. I don't care about possible 5% declines and I'm adding to my balance through DCA. If you like to trade, by all means, do it. I feel like the risk of holding money on exchanges is not worth catching a few %.

Genesis is not FTX, most of their drama is already priced in.
1113  Economy / Gambling / Re: Going to win 6000 usd on a ufc bet 21 january (listen to me and double your mone on: January 20, 2023, 05:28:09 PM
We recently had that thread about a gambler who lost 1.4 million trying to win 11k on a "sure" bet. Why do you want people to follow you in this bet OP? The more people play like you the less you'll win. Also, you're taking a responsibility for them by leading them into this situation. I understand that ultimately it's going to be their decision, but what if you make someone lose their life savings this way and commit suicide? Wouldn't you feel bad for them if this happened?
1114  Other / Politics & Society / Re: Electric Cars - The future ? on: January 19, 2023, 07:16:30 PM
The use of electric engine is definitely the good part of the whole idea. High torque, good reaction time, no gearbox, allows for the car to be lighter. The batteries are on the other side of the spectrum. Current batteries suck. They offer low capacity, are expensive, non-recyclable, made with the use of rare metals, cannot handle enough charging cycles, vulnerable to temperature changes, can overheat and often require special water cooling, catch fire when damaged, are difficult to extinguish with water. If they manage to make better, cheaper and safer batteries I might get interested, but for now I prefer my internal combustion engine. Looking forward to nuclear batteries that are being developed.
1115  Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! on: January 19, 2023, 07:05:30 PM
I can't believe there are really bettors who are brave enough to put and risk that kind of huge amount thinking 1.01 odds is a sure win.

And the winning amount if the bettor won it? $14,000. Not worth risking a crazy $1,400,000 for that amount of winning.

It's hard to move on from that experience knowing 1.01 odds is almost a sure win. To also feel the profits betting on such low odds, a mandatory and necessary high stake is needed and that's where it becomes riskier.

That's what I thought when reading about it. They were unlucky, that's one thing, we can also say the game was really close with 1 point deciding about the win. It wasn't 2:1 like you see in football, this was 30-31 which is really close if you think about it, especially that the team that won was losing most of the match, but the most important part is the sheer stupidity of the gambler. You never put so much money on the line to win so little, especially that if he spent it on bitcoin he'd have more than 11k profit in 1 month.
1116  Bitcoin / Legal / Re: Influencers, affiliate links and scams on: January 19, 2023, 06:23:37 PM
My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.
1117  Economy / Gambling discussion / Re: Minimum deposit and minimum withdrawal. on: January 19, 2023, 06:07:24 PM
For any gambling company to mark out a minimum amount for deposit then that means they must have already made a name, more like gotten a popular brand in the market with a wide patronage too. No gambling company would want to put up a minimum amount that would look discouraging to new customers when they are just starting business and need high patronage, not until they must have gotten the level of customers they had wanted then some rules would now start changing so to condition their customers, maybe to mitigate unnecessary in and out influx.

There are other explanations, for instance they want people to avoid spamming their wallet with micro transactions. Such transactions would then be considered lost according to their TOS, making the spammer lose all the money. In particular a competing casinos, especially when both are relatively small, might want to do this to later have grounds to send them tickets about dust transactions not being visible on their accounts or not being processed fast enough. There's many ways in which you can make people's lives more miserable, so I understand the need to establish minimum deposits. They don't have to be big, in most cases just $5 is enough to discourage spam and it doesn't affect the players.
1118  Economy / Gambling / Re: PVP Games Lounge launching soon on: January 19, 2023, 01:03:08 AM
I already created PVP Games Thread List:https://bitcointalk.org/index.php?topic=5256076.msg54632401#msg54632401

However the main problem of these games is the player it self, we are really lack of player in this sector. People are more like playing against the house with some provider like Evolution games.

Because we have lack of player, most of the casino who are release "PVP Games" is closed one by one.
Yes, this is true and this is why we dont see any PvP based type of games because of lack of demand and recognition in gambling community which its not really that surprising that they would cease to exist.
Dont know if there are ones who do tend to launch up because if basing up on the level of demand then its better to check it back and make out some other plans because pvp games arent that something
that do really generate lots of interest here on this market.They are really that bound to fail and if ever there's one to survive then it might be something offering something interesting but im not really
that much optimistic when it comes to this.Just like lottery games too on which there's no much interest for these type of games and this is why they do eventually die and wither away.

Most of his games aren't really PvP, the way computer players understand that term. For instance, there's a trading game where you put money on the coin that you think will ho up and other players also put money on their coins and the one that does in the given time wins. This is as much of a PvP game as betting on horse racing is a PvP, because both of these games rely on the same principles.

What I'd like to see is a skill-based PvP game. An example of a skill-based games would be chess, tetris, scarbble. Maybe one day we'll get a virtual reality game that we can play to win money.
1119  Other / Beginners & Help / Re: Your best advice/recommendations for a crypto beginner on: January 16, 2023, 02:49:06 PM
Don't let people misguide you. All the talk about bitcoin being bad for environment, about PoS mining being better, that you need to buy 1 bitcoin to profit from it. These are all lies.
Also, don't believe youtube traders. These guys are so full of shit. Every time they sell bitcoin they're going around telling people that now it's going to 10k because it has to go to 10k there's an invisible line that has to be touched there and there won't be a bull market until we do... oh, and buy my online course and newsletter so I can tell you when I buy bitcoin.
1120  Other / Politics & Society / Re: What makes Countries More Powerful Than Others on: January 16, 2023, 01:51:30 PM
GDP and military strength are the only two metrics that matter.

Military strength essentially being how many nuclear weapons you have. Normally the world wouldn't take a country like Russia seriously because their economy was failing for years under Putin and their military was weak -- only such problem being they had more nukes than any other country in the world so we're forced to look at Russia as if they have power.

Their power is overestimated because they aren't maintaining most of their equipment and that includes nukes. A great example of Russian maintenance is the state in which their carrier is. They had at least 2 big fires on it and it was supposed to get refitted but is inoperable for years now and even Russian sources say it's not going to be fit for service at least until 2024. In reality that's probably never and it's eventually going to be scrapped, because who's going to operate a ship that uses oil fired steam boilers in 2024, when the rest of the world has nuclear warships.

Countries can be powerful in many ways. They can have large economies, armies, technology they're trading. China is powerful because it has enormous industry and companies from around the world use their facilities to produce stuff. On the other hand, North Korea has nukes and nobody respects it, so nuclear arsenal is not the only factor that counts. Russia is not powerful because it has nukes but because it's the largest country in the world and 9th largest in population but with the number Russians dying or fleeing from the country it may soon fall from that position.
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