Bitcoin Forum
May 09, 2024, 12:13:01 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 258 »
321  Economy / Gambling discussion / Re: Local Base Or International Based Online Casino on: December 21, 2023, 05:34:39 PM
I confess that I don't understand why there are pictures of women, stretchers with a drawing of a hole in the middle of the stretcher, it looks like the game is about something that goes towards sex,

Of course they're trying to sexualize this, pretty much like many other gambling platforms and even sports. Just look at the ring girls in UFC, or how female fighters wear swimsuits and makeup at weigh-ins.
I live in Europe and this picture is so in your face that even if I didn't see the faces I'd know it has to be Asian. They often go over the top with their ads. In Europe you'd see maybe one or 2 girls advertising a casino, but in Asia there has to be 20 Cheesy

I'd prefer to play in a local casino, but it doesn't really matter since we don't have special local games here.
322  Economy / Gambling discussion / Re: Is Michael Jordan a gambling addict ? on: December 21, 2023, 05:15:10 PM
I'd say he isn't an addict and the point you guys are bringing up is what makes the difference. Where's the line between someone who does something because he likes it and an addict. IMO the lack of control over what they're doing is the key, the way you can just like eating and being obese and sick from it. If you see someone eating a lot but still looking good and being healthy, is that really an addiction?

So if Jordan can manage a normal life, healthy mindset, a family and still gamble, good for him. I wouldn't criticize anyone for doing it, but you can quickly go from this to ruin, so watch out.
323  Bitcoin / Bitcoin Discussion / Re: The Whole Concept of Bitcoin is Failing! on: December 20, 2023, 08:02:06 PM
The whole concept of Bitcoin being the cheapest payment system already got ruined after 2017.


It was never a thing. I don't know who had that concept of the cheapest network but this could never work. Bitcoin transaction was more expensive than a bank transfer 10 years ago.

Quote
Is this infestation being done by the government?

What government? the government of the world? Cheesy

Bitcoin is hampered by factors such as environmental impact

There's no environmental impact. This whole narration is one big lie made to discredit bitcoin.
324  Economy / Economics / Re: Used cars and real estate market very volatile and a lot people will fomo in on: December 20, 2023, 07:05:06 PM
I believe that real estate is relatively safe because you can rent it out and always will be, unless there's war, or the property gets damaged somehow.

Let's say you have money in a bank. That's going to generate a loss even if the bank offers you decent interest because that interest will always be lower than inflation.
If you buy a house and rent it out it will pay for itself. Even if you offer it 50% below the market price it's still going to cover all the bills and generate a profit, even if the property doesn't appreciate in value. That said, every physical property will appreciate as long as it's not damaged or vandalized because the government prints money. As long as they print everything will be priced higher and we know they can't stop printing because that's what Keynes had taught them to do.
325  Economy / Speculation / Re: BITCOIN BULLISH PENNANT. on: December 20, 2023, 06:56:29 PM
Bitcoin is already close to $45k and it's just 20th of the month of December. I believe that Bitcoin has the potential to reach $50k value in this month and if that happens then during the halving event we may see Bitcoin at $60k value or above. Who knows that with approval of Bitcoin ETFs we may see huge pumps in the value of Bitcoin which may take it to over $55k or possibly at $60k value.

As a contradiction I saw an analysis that relies on a model that showed this as a pre-halving rally that's mostly over. It doesn't show where the rally will end because it could be 45k or 48k, but it showed sub 50k bitcoin for sure. Anyway, the author suggested that the indicator he relies upon (Puell Multiple) is peaking and each time it happened before the halving bitcoin corrected, like that time when it went to  14k in 2019 and back down to 4k.

I don't agree with him because this indicator relies on miners dumping when prices are high and this time I believe the coming ETF decision will influence the market so much that it will not correct a lot, but we shall see. Maybe we go to 50k and then correct to 44k?
326  Economy / Speculation / Re: A big buying opportunity might be on the horizon on: December 19, 2023, 07:56:10 PM
What sort of rug pull are you referring to?  Not sure what you mean exactly by that.  I think the same principles stand here as they do anywhere else with investing..DCA/dollar cost average.  Dollar Cost Average is a concept created exactly for times like this where there's simply just a lot of unknowns.  So, just continue to slow but surely add to your bitcoin.  You'll catch plenty of low during the time period.

He means that they're all hyping people about the upcoming ETF that will pump the price and in reality trying to short bitcoin because they know the SEC is going to deny.
This is one of those conspiracy theories like the one that bitcoin was made by the CIA to see how much people they can get to invest and then they'll turn it all off because there's a secret code or whatever that can make bitcoin stop working.
I don't really care because I held bitcoin at times where all the ETFs were being denied one by one and I still held and if they try to manipulate price somehow I'll stack sats the way I was stacking last year. You people don't realize that the real rug pull is them buying bitcoin now, ahead of the SEC verdict, while idiots are selling because they saw 40k first time in a year.
327  Bitcoin / Bitcoin Discussion / Re: Someone paid $450K for three (extremely) pixelated cartoon characters on: December 19, 2023, 07:17:18 PM
Thats a lot of money for just owning a garbage lol this useless NFTs/ordinals is just a waste of money, what can you do with this piece of shit on your wallet? of course seller and buyer is the same no doubt.     
I collect bitcoin and for many other people this would be a waste of money.

So let them waste their money, I don't care. How's that different from someone paying a lot of money for a physical coin just because it has a rare flaw? I was surprised when I found out there's a large market for things that were made with flaws, like bank notes, coins, stamps, even money printing matrices and people are paying big if you find that special one in a million item.

What about collections? People pay a lot of money for things like post cards, legos, dolls, autographs... Sure these are physical items, but I wouldn't pay 100x the price of an item just because it was signed by someone.


328  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: December 19, 2023, 07:00:44 PM
I'm doing my mental workout with a beer in hand.
I live in a house that's basically in the forest, so there's no time for the workout you city boys do because you work out without even thinking about it.

Fun story of the day: Warren sent letters to bitcoin organizations saying that they're spending money to undermine her efforts in stopping the financing of Hamas. Poor woman, she's losing it.

if you dont make it can i have your corn? Tongue
Here you go. Don't thank me.


329  Economy / Economics / Re: Pay discrimination on: December 18, 2023, 08:51:37 PM
There has always been a huge difference in the pay scale between the white collar jobs and blue collar or skilled labor

That's only if you generalize. I can tell you how I see it.

Skilled tradesmen who work for other people, like mechanics, plumbers, earn low wages, but the same people working for themselves can easily 2x or even 3x.
I know an electrician who works for a company part time and also gets side jobs. A side job for a private contractor pays twice his hourly wage at a company, but he's afraid to quit the company because it's easy money. He doesn't have to advertise, he knows he'll get paid and a contractor can cheat him. Sometimes you have to take these people to court and it takes time and money... That's why many tradesmen choose job security with low wage over high wage but more stress. Still, they have a choice and could make much more money.

A teacher at school here earns 1/3 of what a private tutor does. Any teacher can be a private tutor, there's a lot of job offers, but you have to drive to clients, face complaints and they're watching you, so you can't slack or be late. You call in sick, you don't get paid, but a school will pay you even when you're on leave.
330  Economy / Gambling discussion / Re: Stake vs Drake Event: a total ripoff on: December 18, 2023, 08:30:55 PM
20k wager is 200$ in losses to house edge, if you play the casino. And that't the bare minimum these 200$ in losses.

With that, I'd expect at least 10% cashback, so $20. $5 is a joke, a way for the casino to say we're going to make an event for you but we're cheap bastards, so you're not going to get anything. We're just doing it to be able to say there's an event. Have fun suckers! Cheesy

I remember good old days when casinos were giving away $10 for free. There was no requirements to wager your own money or anything. You were for instance getting $10 and had a requirement to play at least wager $10. You could put it all on one game and if you won you had $20 to withdraw. Those were the real promos. Now it feels like they made their money and don't care anymore.

331  Economy / Economics / Re: My view of wealth and assets specially now on: December 17, 2023, 09:21:19 PM
Now Im wondering what they will do with all that bonds wich will have maturity on 2026

It's an interesting topic because people have always been lost between assets that have 3 basic properties: liquidity, stability and appreciation and there's no asset that excels in all 3.
For instance, real estate is stable and can grow in value pretty well, but it requires maintenance that take some of the profit and usually aren't very liquid. You need time to sell a house and get all get all the papers signed. If you buy a car it's going to most likely lose value, so it won't have appreciation at all, but the market will be pretty stable and liquid. If you choose to buy a rare painting, most likely it's not going to be a liquid item and won't generate incredible profit, but will offer decent price stability. Bonds, just like bank deposits offer a bit of appreciation, decent stability and decent liquidity. The problem is that if you account for inflation you come to a conclusion that you're not making any money, just enduring.

What you own depends on your character. I'm a bit of a prepper so for me liquidity is the most important, appreciation is second and I care the least about stability, therefore bitcoin is an ideal asset for me.
I have some liquid and some illiquid assets and out of my liquid ones almost everything is in bitcoin. I have some money in the bank and some cash, but all my fiat money is not even 10% of the value of my bitcoin.

My father, who was raised in a socialist state, used to have 80% in a bank, 15% in cash and 5% in gold. This shows how different we are as people and as whole generations.
332  Bitcoin / Bitcoin Discussion / Re: You will burn on: December 17, 2023, 08:48:34 PM
I've always sold shitcoins that I won or got for free from airdrops and I can tell you a thing or two about how these things turned out:

When I got BSV I sold it after a few months @$200 a coin. A year later it doubled and briefly reached $400 but you had to be lucky to sell at the top. Since May 2021 it kept going down an now is going for $50.
If you turned your BSV into bitcoin in 2019, you made a lot of profit, but if you held you lost a lot.
At the same time I got rid of BCH that I got for free as well. I sold in 2019 @ $400 and again turned it into bitcoin. The coin had its moment in 2021 when it went to $1,5k but again you had to be lucky to dump it all into euphoria. Instead I turned 2 BCH into 1 BTC in 2019 and even at current prices that BTC is worth 4x what I paid for it, but BCH is worth 40% less than what I sold it for.

It's just 2 examples of how shitcoins do against bitcoin. You can get lucky and get a brief moment when they outperform bitcoin but most of the time it will be the other way round.
333  Economy / Gambling discussion / Re: Type of gambling and Intelligence on: December 15, 2023, 07:33:56 PM
I gamble and I choose to bet/play if I have knowledge of that particular game. Perhaps, it was our advantage over others and that will increase the chance of winning, aside from getting lucky. In fact, whatever you do whether it is gambling or not, never expect success if you don't have any idea of what you are doing. It is just like you going nowhere and you will never know what you gonna do next.

If you are gambling, should also spend time knowing about it. If you are in sports betting, be sure that you are also a fan of sports. The same thing applies to the other games.

That's what OP is asking about. Some games don't require much understanding, so they're considered simple games, where the player doesn't need to learn any rules and doesn't need to focus.
You don't have to learn slots to be able to play, but you have to learn poker or blackjack.

I don't think that you need to be intelligent to play certain games. Poker used to be very popular among cowboys and drunkards and they weren't the smartest, since half of them couldn't even read.
Some people just like games that allow them to turn off their brain for a while. It's like when some people sit down to play computer games after work, some choose the ones that require thinking like strategies and others just want to shoot some zombies. It doesn't make any of them smart or dumb.
334  Economy / Gambling discussion / Re: A gambler takes his own life after a loss. on: December 15, 2023, 06:55:27 PM
I understand why people do this. They get this feeling of being overwhelmed with sadness and desperation and see no way out of it. Their mind tries to look for a way out but everywhere they turn they see a problem. It's like when you're a teenager and your first love breaks up with you, you feel like it's the end of the world, like you'll never find a girl like that again and your friends will laugh at you, you'll be always alone, you'll see her with another guy, that guy will laugh at you...

If you just sleep it over, wait a few days, you'll see that there's another day and every new one will be better and easier.

If you guys ever feel like that, start thinking of suicide, know this:
You're always in a better situation than you think you are! When you think all doors are closed for you, it's not true. Some are still open but you can't see them.
You either need someone to help you see them, or you need time to heal and see.
335  Economy / Scam Accusations / Re: JustBit.io scamming again so much for No KYC for Crypto on: December 15, 2023, 06:36:00 PM
^
So the rules changed half-way. If the casino is the one that changed the rules, it should allow users who registered before such rule was made to clear their accounts and stop gambling, or undergo KYC.

I bet that many of these people who just want to play a game or two, aren't aware that their money will be confiscated by the casino on the slightest infraction.

If they access a site that advertises as non KYC, they're expecting to see no KYC and if they can't undergo said KYC they expect to have their money returned to them, the way banks do it. If you send money to a bank and the bank decides they no longer want to deal with you, it will return your deposits and close the account. A bitcoin exchange will usually do the same. They will ask you for KYC, if you don't agree to it, they won't allow you to trade, but deposits will be returned to you.

Casinos are so far the only business group that steals deposits. It's especially striking when a casino steals deposits from users that did not break any rules ( so there was no access from a restricted country, no account sharing) but they don't want to undergo forced KYC.
336  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: December 15, 2023, 06:23:48 PM
That's true many online casinos are clones, but it used to be much worse 10 years ago when most casinos offered dice or very simple casino games like roulette. These games looked like it were made in the 90s on computers available in that era, but the period also had some nice features like lack of regulation and KYC. Also, casinos were offering more bonuses and free games since they were all new and trying to create their own user base.
337  Economy / Scam Accusations / Re: JustBit.io scamming again so much for No KYC for Crypto on: December 14, 2023, 05:02:38 PM
I am not defending false advertisement but I also don't agree with what you just said. If you are underaged, then you aren't supposed to gamble. It's against the rules of online casinos and most probably against the law in the country you live in. If you live in a country where online gambling is against the law, you are breaking the law by gambling. If you don't have an ID, then we are probably going back to the first issue where you are underaged and shouldn't be gambling.

That's the important part. The casino doesn't have the right to punish you for breaking your local laws and confiscate your money because of that. Imagine that you live somewhere in Africa and they ban bitcoin there. Suddenly a casino located in Virgin Islands steals your money because they found out you're breaking your local law. This is ridiculous.
 
Quote
You can't possibly know that. OP has said that he used a UK VPN that he needs for his work while he was gambling at Justbit. Most casinos don't allow the use of VPNs or similar software that mask the original IP. Plus, the UK is a prohibited territory on Justbit. How can you be surprised that the casino wants to check who they are dealing with in such a situation?

I'm talking about advertising as a non KYC casino and demanding KYC from a user. Something like that is 100% planned by the casino to steal money from users who will get tempted by this advertising because they value privacy.
If he was banned for VPN use, it's a different story.
338  Bitcoin / Bitcoin Discussion / Re: Ledger seem compromised again on: December 14, 2023, 04:23:12 PM
It's only if you install new software. I don't update to newest versions right away because I've learned over the years that updates often are unstable and you have to install fixes later. It's better to wait for a while.

Also, they're fixing this, so if you still using ledger, wait a few days until it calms down and move it to something better. Their updates that allowed them to access your wallet were the first warning for users that this company is not the best choice. Now there's this little problem. Let's see how many people lose their savings because of this bug.
339  Bitcoin / Bitcoin Discussion / Re: Security is important in Bitcoin on: December 13, 2023, 06:40:11 PM
I don't understand the story. Are you saying that he set up his wallet at home, left the phrase on his table and another family member found it, knew what it was and used it to steal his money?
Is 1k a lot of money to your friend, because the story suggests it isn't. I find $1k to e a decent amount of money, enough to buy a computer or 2 sets of tires for your car (summer and winter), or a pistol, if you're into guns... I wouldn't invest 1k in something that I don't understand.

Your friend's problem is not lack of security but negligence and carelessness. You don't need proper security to put your seed phrase in a "safe" place, like inside a book, or an encrypted file on your computer.
In my early days when my bitcoin wasn't worth a lot of money I used to keep my private keys in renamed txt files hidden somewhere on my computer. I'd take a normal text file, change the extension into something like "infinity.dll" and hide it somewhere. That's not proper security, but still many times better than some people, who store these on gmail accounts, cloud servers, or password managers.
340  Economy / Gambling discussion / Re: Target your wins in a series of bets on: December 13, 2023, 06:24:13 PM
That's what my friends does. He always makes these parlay bets in football and usually bets over or under certain number of goals and does great with that. His total win rate is close to 50%, but the multiplier is very high. A normal won game can give you x2 win, but a parlay game will often be x3+ so even if you have 30% win rate in these games you'll be up on your money.

I rarely do it because I bet on single event, like the boxing fights that I'm interested in, but I recommend you to at least try parlay bets and bet on things that are likely to happen, like the game being over 2 goals or something like that. These bets don't pay a lot but parlay multiplier does the job.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 [17] 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 ... 258 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!