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1421  Bitcoin / Bitcoin Discussion / Re: Things to keep in mind before accumulation of Bitcoin on: September 14, 2022, 07:47:18 PM
Before accumulation in Bitcoin The first thing to do is to decide how many bitcoins you want to buy.You divide these bitcoins into different parts.That is, DCA strategy.

Most people don't know how much they want to buy. For instance, I started getting into bitcoin when it was worth less than 1k USD. If you asked me back then what can it be worth and how much I'd like to have, I'd say that it can be worth maybe 10k USD and for me 10x on bitcoin is enough, therefore I'd like to have at least 10 and my DCA would focus on that number, but at this point if I had nothing I'd say the goal is 100k USD and I'd like to have 1 bitcoin by then. Goals change depending on how much money you have, bitcoin's ATH and many other things.
1422  Economy / Gambling / Re: 1 - The copycat epidemic within crypto casinos. on: September 13, 2022, 10:56:32 PM
~
~ But remember that these people are doing it and have millions of dollars, so you need to do something much much better, and can't do that with just a few grand and hiring a developer.

It shouldn't necessarily be "much much" better. Imo, just slightly better would be enough to win the competition. It wasn't like this before the Internet because living in one part of the world people had had little to no idea of what's going on in other parts, and even if they knew about something being better in other country, they couldn't use it. So, indeed, you had to have something much much better to draw the attention of potential customers from other countries. Now you can just copy something nice, improve it a little, and you are the winner.
There's a lot of things that make a casino successful and being unique is just one of them, but one of the lest important ones, which is why businesses are copying each other. It's much harder to get players to pay something new that requires some effort to learn. People are lazy and they often prefer to play a relaxing round of the good old than learn something and painfully find out they're bad at it.
People know that it takes time and money to get good.

The more important things that make a casino succeed are good advertising, a lot of money to throw away, an appealing graphics and good reviews (often paid).
1423  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 13, 2022, 10:38:29 PM
Heavily pumped?
To me that was more like “recovered a little”..

Call it as you will. Some people bought thousands of BTC in just 1 hour across many exchanges on September 9 and that led to the move up.

Quote
It just recovered a tiny bit and now that’s all gone..

You're wrong.
Firstly, that recovery started around 19200 and it's now at 20200 so 1k up from a few days back and more than 1.5k from the last week's lows.
Secondly, we're still in the same range we were in since June which is roughly 19 - 25k USD. It really doesn't change anything that Bitcoin goes up by 2k USD if it remains in the range. This is normal for a bear market accumulation period.
1424  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 13, 2022, 09:59:20 PM
Bitcoin dumps off a cliff...
Maybe you haven't noticed but it was heavily pumped in the last 3 days and it dumped pretty much the amount it gained in that time.
This doesn't have to mean that people are abandoning bitcoin or getting scared of the inflation report. It can simply mean that short-term traders who recently bought decided to take profits.

It's funny that bitcoin can gain 15% and then dump 10%, but people will only see the dump ignoring that it's still up 5%
1425  Bitcoin / Bitcoin Discussion / Re: Regulations on proof of work might be coming on: September 13, 2022, 01:01:05 AM
I do agree that a lot of the stuff the media and governments print out about energy usage on POW is quite ridiculous but I can definitely agree that if something seems like it's wasting a lot of energy for a lot of nothing, it should raise concerns.

That said, we have to stop asking why anyone would ban POW but ask why people don't understand the benefits it brings.

It is like idiotic to start banning what people use power for, but we need to start understanding more, and in some countries why it became a problem.

It's not wasting energy. Energy is being bought on a free market. A power company puts a price tag on it and is also allowed to put a limit on your connection. Moreover, you are required to state the amount you'll need before they agree to connect you to the grid.

This means that if I build a house and request a 50 kW connection, it can be approved or denied. If they approve, this means they can spare this much for my house. A typical home needs 15 kW, so if I get 50, it means I can use the rest to mine, or heat my pool, or light my personal tennis court. They don't care what I'll do with it, the same way a grocery store owner doesn't care if you eat the food you buy, feed it to your dog, or throw it away.  

Government putting additional restrictions is once again trying to interfere with a free market, putting itself between the seller and the buyer.
1426  Bitcoin / Bitcoin Discussion / Re: Fake Bitcoin. on: September 12, 2022, 10:43:46 PM
Could you give us examples of such fake bitcoins? Are you talking about coins with the word bitcoin, like bitcoin gold? Are you talking about coins that use bitcoin to give themselves legitimacy, like luna?
Stablecoins are also fake in a way because you cannot prove that they have collateral and that they're printing because there's a  real demand for their token. They could be printing with no demand and no collateral and we wouldn't even know it's happening.
1427  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: September 09, 2022, 07:11:10 PM
From the internet - "if anyone at that brawl would understand what Till was saying, the fight would start much faster and be much bigger and bloody" Cheesy Seriously, who understands 100% of what Till is saying? He and Paddy should visit same guy that improved Michael Bisping pronunciation. Bisping talked the same, but now he is UFC commentator.

Cut them some slack, they're both from Liverpool  Smiley
I don't think anyone from GB has problems understanding them.

Followers of this sport wouldn't be convince Nate will win. Regardless of Nates strong chin, he will be tagged or choked and will probably just in the first round.

Why Nate and Holland brought so many buddies for this conference seem odd. There must have been a plan but its good that they were stopped. If the riot broke, we wont be seeing good fights if the whole ufc279 is cancelled.

There were  articles and youtube videos saying Holland was kicked by Khamzat, no footage Ive seen so far. Is there?

If the fight goes longer and Nate has a chance to do some proper boxing he'll do a lot of damage because of his fast jabs and long reach. We'll see how it goes but I'd put my money on him.

1428  Economy / Scam Accusations / Re: WARNING! SCAM SITE on: September 09, 2022, 06:32:29 PM
Good job OP, thanks for reporting it. I wish more people had the time to hut for these sites and report them as they pop up.

I never play at these new sites because there's so many scams that those of us who were in this business for a while know what they should avoid. That said, I wonder how many people get caught by these scammers every day. How many people send money to unverified copycat sites without checking their reviews and reputation.
1429  Economy / Speculation / Re: Bitcoin could drop to $10,000 by 2023 as the Fed normalizes interest rate policy on: September 09, 2022, 06:15:58 PM
Why 10k? That would have to completely nullify what chart analysts were tracing for the last 10 years. No tech adoption curve, no regression curves, no 200 week ma lows, no lengthening cycles, and so on. In 2023 we'll be just a few months before the next halving and you expect the price to literally halve as well?

I don't feel like the US FED can keep tightening for another year. If they do they will crash the stock market and start a recession, which means unemployment and bankruptcies and this means less taxes paid. They can't do it.



With the recent Fed meeting, it seems that they are being very tough on their decision, they think it will even cause pain for the US economy and the world economy. Their only goal is to do everything to bring the inflation rate to 2%, commodity prices will fall, that is the only goal they are pursuing.

The probability of the next rate hike will be 75 basis points and this will really cause financial markets to continue witnessing a strong wobble. Bitcoin dumping $10k is possible with the harsh policies of the Fed.

Not really. First of all if they continue cutting rates and crash the US stock market they will destroy the country and go into recession. They can't do that and they know it. They want to scare people from investing and make them move into saving fiat money by increasing the price of the USD, but they know it well that if they overcorrect they'll put the economy in a downward spiral.

I also think that there's only a certain number of US companies in Bitcoin that can go bankrupt from this. Bitcoin is not only based on leveraged companies and not only on US companies. Whoever was at risk mostly sold by now.
1430  Economy / Gambling discussion / Re: The Rise of Mobile Gambling Is Leaving People Ruined and Unable to Quit on: September 09, 2022, 06:01:28 PM
Please show me the difference between a gambler who sits in a casino all day, a gambler who plays on his computer all day and a gambler who plays on his phone all day. The action is the same, the time spent is the same, money wagered is the same.
One major difference is the time spent to gamble. Those who play at the comfort of their home can use the travel time going to a physical casino. Jason described this "travel time" as a non-gambling activity. I guess he could use that added playing time to spin a hundred or more on slots and bet more money.

That would be true only if a gambler had such a large amount of money that they could play all day. Most of us do not.
Does it really matter if you gamble for 6 hours and make hundreds of rolls or spins, or you gamble for 12 hours because you're at home and can keep going? In my case when I have money and decide to play everything is over in 1 hour. I either win or lose in that short time. You can technically gamble all day if you keep a few cents each time, but who does that?

Yes you're right but when you go to a land based casino you meet other people, who are real, so you can't hide your addiction, they see you and you are aware of it. But on a computer or a mobile phone nobody sees your addiction, even his wife and his kids in the testimony of the article didn't realize how addict he was becoming. Then you are not ashamed in front of anyone for having those compulsive habits, if you hide it.

Really? Would you be ashamed surrounded by people who do the same thing? Like a person who is naked isn't ashamed when they're at a nudist beach and other people are naked as well.
1431  Bitcoin / Bitcoin Discussion / Re: Fiat Banks Conspiracy Against Customers. Bitcoin is the Best Option on: September 08, 2022, 10:15:51 PM
You're completely right about banks being vulnerable and not caring about customers. They think their services are a must for everyone. That you cannot survive without a bank and the government supports that by making sure all registered businesses have bank accounts so that they can be monitored and taxed accordingly.
Banks conspire against the people but they do it with consent of the governments who want to eliminate fiat money. It looks like one big conspiracy theory but their actions speak for themselves. I advise you to read what's going on in Sweden.
1432  Bitcoin / Bitcoin Discussion / Re: The Video Gaming Sector Consumes More Energy Than Bitcoin Mining. on: September 08, 2022, 09:54:26 PM
The question is.... did these researchers dig a little deeper?

Did they calculate how much "clean" energy are used for both gaming and Bitcoin mining to see what the real impact is. Let's say Bitcoin mining was only done on renewable energy sources, like "Wind" / "Solar" / "Geothermal" energy ....then it will not be harmful.

The real difference is this.... Bitcoin mining use electricity to power a global payment system, where Video gaming use electricity to power systems for entertainment.  Roll Eyes

It's not that easy. You did the right thing by putting clean in quotation because it's not really clean. Wind and solar are only partially clean because they have their own issues. For instance, solar puts strains the grid during the day and doesn't produce anything at night. Wind does produce at night but requires a lot of maintenance to make sure the wind breaks work and the turbine doesn't overspin in high winds. It also costs a lot of resources to build. It takes so much steel, concrete and copper to build a wind generator that it's going to take a decade for it to pay for itself, provided that in those 10 years it doesn't break.

Germany invested a lot of money in green energy and has the most expensive power in the EU.
IMO nuclear power is not harmful. They should stop attacking bitcoin and think of ways to make energy cheap and affordable instead of trying to make it green at all cost.

1433  Economy / Gambling discussion / Re: The Rise of Mobile Gambling Is Leaving People Ruined and Unable to Quit on: September 08, 2022, 09:25:28 PM
It's a joke if you ask me.

Please show me the difference between a gambler who sits in a casino all day, a gambler who plays on his computer all day and a gambler who plays on his phone all day. The action is the same, the time spent is the same, money wagered is the same. Each of them will say that it's easy for them to gamble and each will blame the place where they lose money. One will blame the physical casino, the others the online casinos. If they had access to a virtual reality casino, they'd blame that and said it's all because of easy access and immersion.
1434  Economy / Economics / Re: What define your success, "money, fame or achievement"? on: September 08, 2022, 09:06:26 PM
What I've learned is you always have to sacrifice something for your success. You either won't have a stable partner, or won't have children, or will have children but you won;t have any connection with them, or you won't have friends , only subordinates... You can't have everything.

I have a few friends with different material status and I can tell you that those who have less money and a nice home feel better. I even have a friend who doubled his pay in exchange for a harder, more demanding work. After a year he's thinking of switching jobs again to something where he'll earn less but have more free time. You need to keep things balance or or you'll burn out too fast.
1435  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: September 07, 2022, 08:58:10 PM
And destroying around 44 Himars (despite only 16 are in ukrainian service at all).
Russians love to create such "coolstories". For honest, I'm not sure why they're doing this.

That was explained. I read somewhere that Ukrainians were making wooden replicas and heating them up from inside with simple grills or gas cookers to fool the thermal imaging of Russian scouting drones and get Russians to attempt kalibr strikes. Russians, knowing the missiles weren't intercepted and hit their targets relied on images from their drones and marked those as destroyed himars launchers. Kalibrs are quite expensive so even if we believe that some of those 44 hits were real units not dummies it still looks pretty bad for the Russians.
1436  Bitcoin / Bitcoin Discussion / Re: mine a Bitcoin or buy a bitcoin? on: September 07, 2022, 07:57:32 PM
For me the biggest deterrent when choosing mining would be the risk of something going wrong. We all know the examples of bitcoin mining operations being destroyed by fires or raided by the police.
If you're able to dedicate 24 hours a day to your work and sleep next to your mining hardware like the Chinese do in those big farms, be my guest, mine. It's a great thing for enthusiasts who don't want a boring office work and prefer to set up miners instead.
1437  Economy / Economics / Re: Why Bitcoin will always remain the best choice on: September 07, 2022, 07:40:00 PM
My view is simple as usual, there are no guarantees. Cryptocurrency is still very new, technology is still new. There will be a lot of growing pain — it cannot be expected to be perfect in the present nor do we try to predict the future. However, it makes sense to keep a close eye on cryptocurrency developments, and keep investing in at least one or two (or more) cryptocurrencies.

I don't need guarantees from people. Bitcoin does not give those because it's an inanimate object. Bitcoin has no CEO, no front man, nobody to assure us of anything, but also nobody to target and nobody to make mistakes. For me bitcoin's existence is a guarantee because bitcoin is the best store of value out there. There's nothing like it in existence. Nothing that can equal the value of a whole house, but at the same time be easy to move around and verify as the real thing. You can have a watch worth 100k USD, but how ill the buyer know it's not some cheap knockoff? You can have a diamond ring, but how will someone know it's worth 100k and not 10k?

The world needs bitcoin and if it doesn't survive because the governments destroy it, we're all in deep shit because we'll be living in a world where there's no private property. All will be given to you and taken away when those in power decide you're not following their plan.
1438  Economy / Gambling / Re: 1XBIT.COM ᐉ 7 BTC WB ᐉ Altcoin Betting ᐉ no KYC ᕗ Instant payouts on: September 07, 2022, 07:08:10 PM
please someone answer !!!! Sent livechat message, email security, here message on bitcoin manager but no one responding me ...

I have made account on 1xbit1.com and deposit 4 times in crypto in total 560 usd. I have betting  on my account 3 days, my first three deposits I lost my all money, and then deposit 4th time 200 usd and made 565 usd on my account and then they log me out. I have no idea what is going on because when I tried to login it says incorrect username or password. I have contacted live support and they told me I need to write email to security email of 1xbit. Ok I wrote email there and after few hours they sent this to me:

" Good Day. We want to inform you, that our company decided to stop any collaboration with you (closing your account).
The decision was made after a careful investigation of the situation by our security service. The decision is based on a violation of the Terms and Conditions."

I can't understand and why they didnt explane to me what is violated on my account, because I have nothing did wrong to my account and I am first time using this betting platform. I have just money below my deposit 565 usd and my total deposit is 560 usd. And why they want to close my account with my whole money inside, without giving me back my deposit? Any information about  this what to do? They doesnt want to speak with me on email anymore. I have there my deposit money but they now allow me to login and get back my money. I have all evidence  screenshot of account , hash deposits of deposits transactions and profile if need some support to send to them. Anyway my account is 464610259 and I will send this to official 1xbit here by message to look in to if they answer me. For any update I will write here again.
If that 5 usd are problem, then give me back my 560 usd back to me, why to take my money, my deposits? Doesnt have reason for it


Are you suicidal mate? Why do you poke the bear and come to ask for help once the bear has ripped a hole in your butt?

What's done is done, you were scammed like many other people who choose to play on scamming casinos instead of the legit ones. There's so many warnings on this forum that you chose to ignore before you sent money to 1xbit.

Good thing in all that is it took only 560 USD for you to wake up. Could've been worse.
1439  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: September 07, 2022, 06:48:06 PM
So, what you're trying to show with this one? It's war and loses is inevitable. But these thousands of Ukrainians killed in few days of counteroffensive reminds other fairytales from Russian Defense ministry like destroyed all Ukrainian aviation in first days of war, destroyed (I lost count already) HIMARS and it's loading vehicles, which doesn't even exist.
Don't forget about shooting down more Bayraktars than Ukraine ever had Wink


I want to say that raising the flag over Vysokopolye and taking three more villages (by the way, which ones?) is too thin a result for a week of suicidal attacks on an open field as part of a counteroffensive that has been prepared since the beginning of summer.
How about an attack planned for months with the use of superior firepower including the Spetsnaz, the 331st with the help of Lukashenko and Kadyrov, that was to take Kiev in 3 days and failed miserably? Are you, Russians, really going to laugh at the Ukrainian counteroffensive when you're running out of bullets and asking North Korea for help? Big and proud Russia is going to ask the pariah of the world for military aid. How low the mighty have fallen...
1440  Bitcoin / Bitcoin Discussion / Re: Netflix bans ads Bitcoin or Crypto, Human Rights Foundation Donates. on: September 07, 2022, 06:20:48 PM
Mother left her child.
Mother left her child unattended for a minute.

Do you see the difference OP?

I appreciate the attempt to correct the title but it still looks weird. It's not grammatical. Should be something like "Netflix bans crypto ads", not "Netflix bans ads bitcoin or crypto", as it displays now.
The second one makes it hard to understand what it really bans: ads, bitcoin, crypto or all together.   


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