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401  Other / Off-topic / Re: Who can you trust more to handle your business, man or woman? on: March 29, 2024, 03:40:24 PM
lol you just perfectly described how discrimination happens and persists

if you were to not break the cycle how could the cycle stop? remember that little
things contribute to big ones. if your employees can not respect a boss because of his
or her gender then maybe they are not as competent and professional as they should
have been

It depends on the business. If my business was in protection of people and property, I'd want both employees and managers to have experience in the field, preferably military background. If there would be women applying, I'd have nothing against hiring them.

That said, how many women are members of special units like Delta Force? How many women are in SWAT? How many racing drivers, mechanics, heavy equipment operators, construction workers are women? It's not because they're being discriminated against, it's because most jobs are done by men. You want to stop this cycle? Change the natural order of things!
The way I see it, you won't see men working under other men with much less experience and skill. A group of builders will not obey a woman leader if she shows them she's unable to keep up with them and in most cases she won't.
402  Other / Off-topic / Re: What if an employee of a betting company misuses company funds for gambling? on: March 29, 2024, 03:26:21 PM
Do you think a betting company or casino will understand and not arrest an employee who has access to company funds and then misuses it for gambling?

Are you in this situation? Are you asking us if you should do it because they might not be harsh on you if you claim to be an addict? Cheesy

This reminds me of that thread where someone asked if we'd trust an employee who is a known gambler.

It doesn't matter. If you steal from a company you will be fired and most likely they'll notify the police. Maybe if this was a small family owned company and you gave the money back or worked overtime for free, but 99% of such crimes will be prosecuted.
403  Economy / Trading Discussion / Re: Dollar cost averaging Bitcoin - can we do better? on: March 28, 2024, 08:32:13 PM
I to answer the question if we can do better, yes we can, by performing a lump sum buy when bitcoin is in a correction. I used to start buying bitcoin in bear markets which I identified as -50% from the top. Everything below 50% was cheap in my view and worth buying and because of this I've managed to get my hands on $20k bitcoin last year. Sure, I could have done better by waiting and buying the bottom, but at that point nobody knew what the bottom was.

Going to gold and back is only for people who are willing to risk paying exchange fees, network fees, taxes on their gains. If I were to switch back and forth, every $1k transaction would mean paying $10 in exchange fees and another $20 in network fees, holding my bitcoin on exchanges and exposing myself as a holder... I prefer anonymity of a physical bitcoin exchange, where I do no KYC, pay with cash, don't have to report any gains and the only fee I pay is to the network.
404  Other / Off-topic / Re: Who can you trust more to handle your business, man or woman? on: March 28, 2024, 08:16:07 PM
This is 2024, we shouldn't be having this kind of conversations.

To those of you who say that gender doesn't matter, it does in some extreme cases. Women handle pressure in a different way than men. You wouldn't want a woman to lead an army full of men, which is why there's so little high ranked army positions occupied by women. It's not that they aren't able to, but in a group full ow men, it would be harder for them to gain respect. It's the same with sexual orientation. You wouldn't want a gay man to lead a group of straight soldiers into battle. That's how I see it and you can say you're all 21st century and you don't discriminate, but discrimination does happen. It's a part of life.

405  Economy / Gambling discussion / Re: Does gambling excites you ? on: March 28, 2024, 08:05:28 PM
Of course it does excite me, especially when I bet on sports. Gambling upgrades the event.

The way I see it, you can add a lot of things to the mix to better enjoy it. Let's say you get to watch a football match or a boxing match.
You can do it alone, or invite friends and watch it together. That's already an upgrade.
Then you can order a pizza, get a few beers, that's another level of enjoying it.
Finally, you can place a bet, even a small one and it will be even more fun.
406  Bitcoin / Bitcoin Discussion / Re: Biden resurrects 30% crypto mining tax in new budget proposal on: March 27, 2024, 07:58:15 PM
If Biden wants to lose the election this a great way to do it. 14% of Americans own crypto, with closer to 20% in states like California.

That is a significant voting block with crypto being a major topic of discussion in the presidential debates. The last thing Americans need are more taxes.

So sick of Biden. That is all he is good for is raising taxes on everyday working people.

Do you know what socialists want the most? Your money.
They will make up all those new taxes, the way they try to do it in the EU. Your money in the bank is taxed more than once, because you have inflation (which is a tax on savings) and if you get interest on your money that interest is additionally taxed, because socialists think you've made money. This is their simple math - he had a gain, he made money. It doesn't matter that he got 5% a year and inflation is 6% - according to them the man is in profit.

I feel like these democrats, which are basically socialists, have no idea how the market works. You keep taxes low, everybody will pay it, but keep it high and people will move somewhere else and you won't get anything.
407  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: March 27, 2024, 07:43:01 PM
Just look at the destruction on both sides. If this continues, I don't see how anybody can claim victory. Russia has recently lost 4 military ships and suffered damage to its refineries and Ukraine's power grid was attacked in retaliation, not to mention missile attacks on Kyiv and Lviv. Then there's a terrorist attack in Moscow and so it continues.
2 years forward and Russia will lose all of its military potential, while Ukraine will turn into a barren wasteland that nobody will be able to use for any agricultural or industrial production for another decade.

Fun fact, Russians are finally starting to admit that they're at war. after 2 years it's no longer a special operation Cheesy
408  Other / Politics & Society / Re: If there was no government to govern us (humans) on: March 27, 2024, 07:33:42 PM
I think it is absolutely impossible to keep the country in order without government and government laws.

With no government there's no country. The deal is, you live like Native American tribes. There's no set borders, you're free to go anywhere you want and there's no single government, just a leader of the tribe, or a group of leaders.

Some law must exist, but I believe that if we had no countries and no borders, wiped it all out, it would be possible to coexist. The problem is that in the current state of things, the first country that declares something like that will be attacked and subdued by its neighbors.
409  Economy / Gambling discussion / Re: Dana thought he lost $80k one night and his advice for gamblers on: March 26, 2024, 07:36:58 PM
One thing that strikes me in that interview is he went to bed like normal and was perfectly fine about losing $80k. The real amount lost was too much for him, but 80k was fine. Wish I had that much money so I could wake up in the morning and say damn, 80k lost, let's eat some breakfast and think of how I can win it back. Most people would be devastated after a $10k loss. 80k is the price of a small house.

Lessons to learn from this?
1. Be happy it wasn't you.
2. Don't drink and gamble.
3. Don't worry, even if you're drunk you won't get Dana's credit line. They'll probably tell you to leave and maybe (if you're lucky) get you a cab and make sure you tell the driver where you live.
410  Economy / Speculation / Re: Bitcoin halving, how low the price can be? on: March 26, 2024, 07:19:21 PM
The thing with PlanB is that his S2F modelling was already exposed to be flawed, as his modelling predicted that we will reach $100k from last bull run and it didn't happen. And so maybe some of his followers might not "believed" what he had to see again.

His model also predicted the average price where bitcoin should be at given time and as you can see we are above that level.
Remember that he predicted the stock to flow level before the 2021 bull run and at that time, he said that bitcoin should reach at least $50k and hold it as floor, when the s2f from the previous cycle was $5k and we did go above 50k, so he was right about that. What he could not predict was the fact that there will be FTX bankruptcy and this crashed the price and caused widespread panic.

You probably know that when we were at 20k last year not many people believed that we'd go back to S2F floor so soon, but we did, so I would not underestimate it.
411  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFTs just marketing gimmicks with no added value? on: March 26, 2024, 07:01:10 PM
In other words, most people think they are buying a JPEG of a Monkey when buying an NFT that nobody else can buy but unless it's specified in the contract, the one who sold it to you could make one million more JPEGs just like it and sell them as a one-off.

Isn't it the same with art? Let's say you buy a framed photo of something. The seller could make a copy. You pay $1000 for it and the next day he makes another 50 copies. Unless it's written in a contract that he can't make copies, he can.
It's the same with other collectibles. People buy signatures of other people for money, but we all know they can make more of these.

IMO NFTs are mostly worthless, but if buying that monkey or penguin makes you feel better, special, like you're a member of an elite club, you should do it. Some NFT's are such entries and allow you to get member only content.


412  Bitcoin / Bitcoin Discussion / Re: Upon the death of a bitcoin user. on: March 26, 2024, 06:43:27 PM
Similarly to bitcoin what happens in the event of my dismissal since no relative knows about my investment. It doesn't really make sense if my family can't enjoy my wealth. Will it be lost or is it good to entrust someone incase I'm no longer there?

You literally say it yourself that it's bad if the family can't access your wealth after your death, but then you say that they don't know about your investment. This is what actually doesn't make sense, not the fact that bitcoin works the way bitcoin works. Then you proceed to ask us if it should stay that way or maybe you should tell someone... Are you kidding me?

The short answer is yes, you should tell the person you want to inherit bitcoin after your death. It's really that simple! For instance, I have a daughter and when she's old enough to understand bitcoin she'll get all the information needed to access it. It's really up to you if you tell people or not, but my advice is that you should tell at least one person.
413  Bitcoin / Bitcoin Discussion / Re: End Goal or Keep HODLing? on: March 25, 2024, 09:35:45 PM
My goal is to keep taking some profit from the top during bull markets and stack bitcoin in bear markets.

I'll give you an example.
In every bull market when the price breaks the last ATH I start selling a bit and buying all the things that I had plans for in the previous years. For instance, in the 2021 bull market I bought myself a car and some electronics like a new computer. When I have all the things I need and the price is still going up I will get a bit of cash to have some money for potential investment in the bear market and that's what I did in 2021. All of that selling amounted to a small part of my holdings.
In a bull market I start buying bitcoin, first with the profit from my bull market sales and then from my monthly income and that's what I did in 2022 and 2023.

If the price goes to crazy numbers like a million dollars, I'll still do the same.
414  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFTs just marketing gimmicks with no added value? on: March 25, 2024, 09:12:21 PM
All of these things have as much value as people believe they have.

Something comes to my mind. Do you remember when youtube girls were selling stuff to their fanboys? It was their bath water, pieces of clothing, one even sold her farts in a jar and people were paying for that shit. It was worth something to them. Does it mean these things were valuable? To most of us they were shit but they were paying money for dirty underwear of some chick that doesn't even care about them.

Value is subjective and I think a picture of a monkey is worth 0, but some people think it's $100k...
415  Economy / Economics / Re: China India tensions on impact to Global economy possible china India war on: March 22, 2024, 07:45:17 PM
Also USA stand behind india and will give all the military aid to India it means stock market commodities and btc looking bullish

India is playing both sides. They've been buying arms from Russia for decades and according to some sources spent 60 billion dollars doing so. Now they have a contract with the US for engine production so that most likely comes with a verbal agreement that they will not send weapons to Russia when the US is supplying Ukraine.

India doesn't act like it's against Russia or the US, but it wants to get the best deals from both sides.
Russia wanted to produce helicopters in India but that deal was cancelled most likely because of the engine deal with the US.
Chances of India going to war right now are very low, they just want to make money. It's the same fear mongering that people who say that Russia will attack NATO countries are doing.
416  Other / Off-topic / Re: Where is the fun when you lose your money? on: March 22, 2024, 07:28:33 PM
Personally, I would consider it fun when my budget is much greater than my losses or when I gamble with someone else's money, and this is something I would not do if I had no benefit in it.

Really? If you play with someone else's money you still have to give it back. If that's your idea of fun, you will never have fun like that because I promise you nobody will come to you with a pile of money and say -here mate, play with it. If you lose it there's no consequences. On top of it you'd like to benefit from it? So you'd like him to tell you that here's his money, if you lose it's his loss, but if you win you both share the win Cheesy You're such a dreamer if you believe that this will ever happen.

You don't have fun when you lose, you have fun when you play and losing is just a price to pay.
417  Economy / Speculation / Re: Bothered about every DIP? It's just a mental check. on: March 22, 2024, 07:14:19 PM
This is to be expected before halving because ETFs made us enter the bull phase much faster and now people are confused.
Every previous bull run was the same - you had a slow uptrend towards the halving, then a correction right before or right after, followed by a large impulse candle that goes to the old ATH, then a correction and final big push to a new ATH.
This time we had all of this happen before the halving and to me this is very bullish since this means that we had a small bull run and will get another bigger one after the halving. The cycle is not yet complete.

I don't care if it dips a bit, I've been buying in the last bear run sub 20k and I know we're not going back there. 30k or 80k, who cares if you're in profit?
418  Economy / Economics / Re: Economic growth and it effect on the standard of living on: March 21, 2024, 08:41:12 PM
It's very difficult to distinguish real economic growth from a faked one, but eventually the truth like oil comes to the surface. A great example of this is China where they were faking growth by building new apartments that nobody wanted to live in, building fake skyscrapers with thin walls made of styrofoam. You can print money and induce growth that you don't really need but it's all a lie.

Economy should be built on the free market with real needs of the people being answered by supply. If you create fake demand or too much supply, everything will eventually collapse.
419  Other / Politics & Society / Re: Trump is senile (and Biden is not) on: March 21, 2024, 08:27:00 PM
That is not true. You are taking that quote out of context. He said he didn't think "wealthy tax cheats and [wealthy] crypto traders" should be given tax breaks at the expense of the poor. That's not even close to being "anti-crypto".

The fact that he addresses someone as small as crypto traders, when crypto is just an ant compared to the elephant of the stock market and other investment branches makes me think otherwise.
The government has made it difficult for crypto investors to make any money by calling it a ponzi scheme. Now they want a piece of the profit? How's that fair?


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Yes, he wants to, again, tax crypto earnings in the same all other investments are taxes.

Do you know how he wants to plug that loopholes? It's by making you report all trades and purchases and assign all your addresses to your ID, so that they can track you. In other words, they want to stop that few people who don't pay taxes by punishing the whole industry.
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Maybe you call not getting a special privilege from the government, "anti-crypto", but for me he's just making sure everybody pays the same rate of taxes.

How am I getting special privilege? Isn't bitcoin already taxed in the US? People are reporting their profits every year, yet it's still unfair in the eyes of the Biden Administration?

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Again, if he opposed crypto mining, why especially would the propose a tax on crypto mining? That's nonsensical.
Different kinds of customers have paid different rates for energy since they started selling it. That's nothing new.

That's because we don't need a tax on mining. There should be a tax on profit, which we already have, so that miners have to report their gains when they sell their newly mined bitcoin. The way they are attacking mining is they're trying to additionally tax miners on electricity because democrats don't like that this industry is growing fast and undermining the need for CBDC.
Shouldn't the rates be negotiated on the seller-buyer level, they way they've been for the last 10 years? Why do they need government in all that?

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Why is being in favor of a US CBDC... anti-crypto?
Because CBDC is government's answer to crypto. A centralized coin that can be made the way USD is and where every user is known to various government agencies.


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If anything, this would be a strongly pro crypto move since it will introduce millions of Americans to the idea of digital currency.

You want to be introduced to CBDC, be my guest, but keep me out of your wet dreams.
Want to jump off a bridge? I won't stop you.
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(To say nothing of simply getting our country off of outdated paper and metal currency).
By turning that into a digital currency under government's control, so that it's exactly the same currency that goes from point to point faster, the way you can send money with apple pay and all those other second layers.

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Yes, the government wants to collect the taxes based on what people earn. Again, that's nothing new. If you don't think we should all pay any taxes, well, that's a completely different subject--and you'd hardly start with cryptocurrency in particular since most taxes are paid in all kind of other ways.

I didn't say any of this.

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His administration pointed out that a particular industrial sector leads to greenhouse emissions. Good. But that's not the same as being against said industrial sector.

Which was proven to be a lie. The whole report they based that upon was disproved in Congress. This is a great proof they used that to attack bitcoin without getting opinions and analysis from both sides.


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Sure, from nearly zero before. That's very different than it surpassing one trillion in market cap.

I haven't said that it went up from 0. Again, the period that mattered was 2017-18 where it went 20x from 1k to 20k USD. That's far from 0.

And you know how Biden could have helped that happen? By providing a safer marketplace for mainstream investors. Bitcoin didn't break one trillion because a bunch of hackers thought it was cool, it did so because millions of Americans can buy it using a broker they know they can trust.

This did not happen thanks to Biden. This happened because the SEC lost in court.
Get your facts straight. Biden did not make the SEC approve ETFs!

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(And oh yeah, the supposedly "anti-crypto" Biden oversaw the approval of the ETF... why exactly?).

It was Gensler's job to do so and he got his ass handed to him twice, in court and in Congress.

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Markets function best amid stability and regulation that creates a safe environment for investors.
What comes to mind is that you can regulate things into the ground.
420  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: March 21, 2024, 07:59:07 PM
Yes I've done something like that. The craziest thing I've done was when I went to an underground street fighting ring and bet some money there.

It was completely safe, a bit outside the law, but not something run by gangs or anything. A lot of people there were football fans, but there were also normal, rather rich looking guys. A lot of blood, a lot of good fights, nobody got seriously hurt, all fighters managed to walk out of there that night, although some needed help. You were able to bet money on the spot before every fight and cash out after each fight. I won a little, 2 bets won, one lost, came out with something like $50 in profit which was very little, but I went there to watch the thing rather than bet on it. Betting was just to get myself busy during breaks.
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