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2401  Economy / Gambling discussion / Re: Which Game Have You Won The Most From And How Much In Total? on: October 21, 2022, 03:28:11 PM
One have to keep playing and playing even if the loss is happening over and over? That's a bad idea, I used roller on freebitco and I still end up losing all my BTC, I spent so much time on the gambling website trying to understand how the thing works, I won't lie I have some wins but the loses is far more than the winnings.
I wrote about it. Just test with the minimal bet to increase the quantity of tries. If you have not enough money you can lose before you get win strike. The statistics don`t lies but if you make just 10-20-50 bets - it is not statistics.
Or you can gamble for fun as i. In such case you can win a lot suddenly or lose a small sum. Anyway it can`t become a problem.
Gambling for fun is the way to do it, anything else is just having a false hope that gambling could make you profits. It is clear that gambling is not a profession, there are not that many people who has achieved it, sure poker is also gambling and that could be a profession but that’s player vs player, I mean gambling is not a profession in player vs house games. Not that many could ever make a profit from that, and certainly not enough to make it a living neither.

So, only thing left would be gambling for fun and if you could do that then you do not care about how you gamble and how much you wager, you just aim at having fun as much as you possibly can.
2402  Bitcoin / Bitcoin Discussion / Re: How would the world be if Bitcoin wasn't created on: October 21, 2022, 02:58:43 PM
It's a good thing to be among those that know about bitcoin existence. Had it been bitcoin didn't exist, I don't know what the world will be like for those that are looking for financial freedom. Am happy to be among those that have benefited from bitcoin exposure to riches. Times are hard in society and bitcoin has been a good help to us that have bitcoin as a store of their assets
I worry that if bitcoin didn't exist, or if I didn't learn about bitcoin when I did, that would mean that I could have possibly end up losing a lot of time in my life. Thanks to bitcoin I live a life where when something major happens, I could be with my family, for the past 1 year, we had to deal with sickness and hospitals everyday for a while, and I was there to help with all of that, because I was capable of doing that thanks to bitcoin and my work in the field.

If I didn't know, then I would be working in a regular 9-5 job, maybe worse, and then I wouldn't be with them because I would have to be at work, and that would be quite terrible to not be with them during this difficult time.
2403  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ethereum is Dropping After the Merge? on: October 21, 2022, 09:58:04 AM
The current situation of the crypto market is not really good and we expect that this is more likely to happen and it has nothing to do with the ETH merged. considering the situation of the world economy today, there are lots of things that have been going on lately and the war is the main culprit because people are now hesitant to use their money to invest in crypto because they might need it for their essential needs because if this war will gonna expand to other countries it would be far worse than the pandemic. The risk to invest in crypto nowadays are high than ever before because you are not only risking in the crypto market, you also gonna risk not having anything when the war will reach your country.
I don't know what the situation is, but it's clear that today there seem to be a lot of big transactions going into the Binance wallet. this is probably one of the reasons for the current decline in the price of ETH. plus global market conditions have not improved, the downward trend in ETH prices may continue for some time. because some addresses that have a fairly large amount of ETH seem to start making outgoing transactions.
There are some whales who have so much that each of their move triggers a big sell off, or a buy. This is something that needs to be decentralized in the crypto world as well, we do not have an exchange where whales could trade with other whales, in the stock market you do not see people buying 10% of a company's stock all at once, you do not see them sell it neither, most of that happens directly, kind of like p2p.

We need to build something that would make sure all the trades that are over 10 million dollars would be done that way, meaning it wouldn't really impact the market, and only if they can't find a buyer they could do it on the market, that way it would impact the market a lot less.
2404  Economy / Economics / Re: Meta has burned $15 billion trying to build the metaverse on: October 20, 2022, 02:18:05 PM
I think we can recognize that something like the metaverse will be part of our lives someday, what we do not know is if that time is now, Zuckerberg is making a prediction and he believes now is the right time for the technology to be deployed, is he correct? No one knows for sure but he is willing to invest a fortune to make his vision a reality, however if he is wrong not only he will lose all of that money but he will give valuable information to whoever wants to do this for free and instead he will help someone else to make his vision to come true, so he is taking a huge risk no matter how we look at it.
That is understandable, he is making a bet that if he spends insane amount of money into this metaverse technology, one day he will be at the forefront, basically be bitcoin of metaverse, and that will give them both a lot of money, but also what matters to them is users, which could give them millions, even maybe over a billion users once again.

However, reality is that metaverse is not that simple, even if he keeps on trying to do the best he could possibly do, he will probably fail and that is going to hurt them financially. This is not a simple task, this is something that is gigantic and needs to evolve with the technological improvements we have, and cannot be loved right away.
2405  Economy / Economics / Re: Competition in business on: October 20, 2022, 01:19:40 PM
Competition ensures better quality of their items that will help the consumers meet their demands on that certain product. That is why it’s always a good scene to witness a healthy competition in all types of businesses, as that will only prove which business will have more to show, and which business will just stop there and quit. Maybe there are some businesses who also just got more luck than others and they last longer compared to others.
Competition increases the quality, and decreases the price, that is why it is always good. Of course, it should be at a legal level as well. Just to give an example, these days Amazon can sell any book they want for as cheap as they possibly can, right? That is amazing for the readers, that means thanks to Amazon we can now buy books for cheap, and if we want to, we can resell them with some loss instead of just putting it on a shelf.

However, that also means destroying all booksellers as well, we don't see too many bookshops in the world these days, do we? You need to make sure that while you are helping one, you are not destroying the other, that’s very sensitive.
2406  Economy / Economics / Re: The Bank of England decided to resume QE on: October 20, 2022, 11:22:51 AM
"This Market Notice sets out details of the Bank’s temporary purchases of long-dated UK government bonds from 28 September 2022.

As set out in the accompanying press notice, in line with the Bank of England’s financial stability objective, the Bank will carry out purchases of long dated gilts in a temporary and targeted way. The purpose of these purchases is to restore orderly market conditions. "
I think resuming quantitative easing is way too early to increase the liquidity in its financial system; in my opinion, the current economic conditions of the UK aren't that suitable to resume QE while raising the critical rate.
Moreover, it would badly impact the Bank of England's stability, and restoring orderly market conditions would be challenging.
They are basically working towards making sure that the inflation rates go up and that is a problem. I have to say the best thing that UK could have done would be increasing the rates, and they did not do that and instead they have put more money into the world, which means more money equals less valuable money and that equals more inflation.

With this move it may not be a lot, it’s not a huge amount of money that would increase the inflation all that much, but it is still the wrong move, and wrong way they are going, they should turn it around and do the opposite, find a way to take money out of the market, and not put more money into it.
2407  Economy / Speculation / Re: Why speculate when you can be at peace with Bitcoin on: October 20, 2022, 11:08:02 AM
One of the things I hate most is speculations and I try as much as possible to avoid an entry that will make me speculate on the price of Bitcoin, so at that, I try as much as possible to have an entry price that will make me look away from the market for a long time and just be at peace holding my bitcoin in my wallet.
Knowing fully well that with Bitcoin I have the best alternative currency to spend at any time without any third-party involvement like the bank.
this is an investment market and each of us have their own target and strategy , yes sometimes Speculating is annoying but this is how this market goes, this is also why popularity comes for more than years now as the speculation makes this market being loved by investors.

and those risk taker? actually almost all of us are risk taker and we tend to risk our funds for the opportunity to earn and this is how it works and admit it, this is how we love crypto.
Risk taking is something you do with every single satoshi that you buy, there isn't a situation where you are involved with investment and there is no risk, every single one does. Even the most basic "put your money into interest in a bank" type of things which is historically quite safe, saw some troubles back in 2008 where a few nations blocked people cashing those out, and even the ones that didn't had such high inflations this year that the money there lost all its power so it's futile to put there.

So, risk taking is something you are doing at all times, and bitcoin is as risky as other things, but has a good track record to make you feel better.
2408  Economy / Speculation / Re: BTC price consolidation at $20k for 4 months on: October 19, 2022, 08:38:02 PM
Right now we hit the lowest bitcoin volatlity since 2020. So pretty much any day now there is going to be an explosive move, however no idea which direction.

Everybody thinks it will go down to $15K, since everybody thinks this. The opposite will happen. Just like in November 2018 when everybody assumed that $6K was the bottom and it would go up after a long period of consolidation and the complete opposite happened.

I think most likely this move will happen sometime in November, so a couple more weeks.
Let's see, but I have to agree that when everyone is expecting the price to move on a positive direction, it move on the opposite. Similarly in 2021 wherein November we hit almost $70k and everyone is calling for 6 digits in December, after all it was the prediction of PlanB.

However, it moves on the opposite direction, the price plummeted after that and it is the bubble already. And now we are in a bear market.
That is common, the market is not ruled by people who chat around here or on twitter, it is ruled by people with money, would you chat on bitcointalk or twitter if you had tens of millions of dollars? You wouldn't, well Elon is exception to that.

This is why we do not get to hear from people who could actually change the market, people who get in the market and make a difference, because they do not like to post it online, that’s changing a bit, more and more new generation rich people do, but still old money doesn't do that. It means what you see are people who do not have power to change anything that "thinks" something will happen, while other whales end up doing the opposite.
2409  Alternate cryptocurrencies / Altcoin Discussion / Re: And officially worst year for investors on: October 19, 2022, 07:14:42 PM
2022 is going to be the worst year for crypto investors. Any thoughts guys?
Not all investors are sad this year, many are able to locked-in their profits in stable coins waiting for the right moment to reinvest it. I made some money as well, and still holding it as my buying power so when Bitcoin goes deeper, I might be able to catch it. This is not my worst year with cryptocurrency, maybe I worked hard not to lose a single cent but of course, the market is unpredictable and losing is inevitable as well. If you lose money in the three quarters, you still have time to make some, don't lose hope and keep trying.
This is something a very few lucky people managed to get involved. If they managed to sell their profits at the top, that means they are holding stablecoins and they can definitely start shopping right now, which means not only they profited, but they also positioned themselves to profit even more. That’s actually quite smart and would be lucky.

However, this is not everyone and doesn't mean that we are going to see all the people doing it neither, and that is why we should be careful about it as well. I am not saying that we should buy and hold at any price, but if we already did, then the drop caused us to have a temporary drop and we need to figure a way out too.
2410  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: October 19, 2022, 04:56:12 PM
Quote
Instead borrowing fiat from a bank, or a loan shark, with a high interest, why not just wait for the bull run and sell half of your Bitcoin in the next ATH and use that to invest in properties, I guess that's much better than lending because if the bearish season will be like the past one, it's gonna take some years before it gets bullish again.
Yes, that is the best way to overcome such challenges in the community,because borrow money from the bank or clubs to invest on bitcoin is not advisable to bitcoiners than to invest the little capital you have on bitcoin and wait for the bullish season to come before you can sell to make a huge income from your investment. Since we are still experiencing bearish market, I think any amount of money you invest on Bitcoin now, it will help you in future when the price of Bitcoin hit higher soon before you can sell to settle some debt you own than borrowing money to buy Bitcoin.
Depends on what type of loan you are getting. I talked about this before, since the price is low right now, if you could get a loan that you could repay back yourself then that’s not a bad loan. What is a bad loan? If you get it, and then you buy bitcoins with it, and you have to sell your coins to repay it back then it is a bad loan and you shouldn't take it.

But if you take it, and then you end up with paying it back without selling your coins, that means it was a good loan because you paid it back AND you have your coins staying. That’s a good loan and you should consider it. Learn the difference and you should be doing a lot better in the long run.
2411  Bitcoin / Bitcoin Discussion / Re: Cryptocurrency should be infused to academic systems on: October 19, 2022, 09:53:52 AM
Idk, crypto sounds like it could fit in a few subjects, if it was as a method of payment then I don't think it's needed, pretty sure my school did not teach me how to use money. If it's integrated in the system people would naturally learn of it imo. I also doubt it could be taught as an investment since there are a LOT of investments out there, never seen a school teach about those. The development side might be interesting though it's rather specific ig? It's more like a project kind instead.
School just cannot explain what economy is to children, for 2 main reasons. First of all, if we knew how money works, then we wouldn't go to jobs and work for money, we would let the money work for us, the moment we have even just a little bit, we would all gang up and make it work for us, we have seen a similar situation with GME and wallstreebets.

However, there is also even a bigger thing which is the fact that if we knew how money works, then the rich people at the top cannot rule us, so they need us to not understand it and think it’s too risky to get in, but not doing it is even riskier because we live a poor life. So, education on economy can't be in schools to protect their investments.
2412  Alternate cryptocurrencies / Altcoin Discussion / Re: What are your criteria for selecting projects? on: October 18, 2022, 09:05:32 PM
*VC backing the project
You can easily spot if the project has a good financial status to run the project properly in long term if you knew that there’s private company behind them to finance there initial operating cost.

*Community Exposure
Project that is trending on social media is always gives a boost on the project exposure.

*Layer1 and Layer2 blockchain project is the only project I trust besides those phenomenal project.[/b]
I only choose this type of project because it’s for long term and profitable in the long run since it’s the foundation of crypto and not just a hype idea.

*Strong Marketing and PR
Typically great project is partnered with established project and also they have a strong marketing which is a sign that they are serious about there project.
VC is a good idea, but it could be "fake" as well, check the VC before you invest, there are so many capitals that doesn't even have proper name, and they just "back" projects for backing sake, to grow their name and structure, if it is a good one then you will see on their website what they have backed before and that’s not even enough, go to websites of those projects and see if they agree to it as well.

In that case you could invest, trusting it’s a good VC, but before that, just because there are bunch of VC names there, doesn't mean they are good, it could be multiple fake VC's only in the name and wouldn't really change anything in the project neither.
2413  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Ethereum is Dropping After the Merge? on: October 18, 2022, 08:18:21 PM
If the merge was supposed to fix many of Ethereum’s problems, why is its value still tanking? Huh Huh
it seems the title of this thread is the most discussed in this forum, but I am happy to answer every question that comes, why the price of ETH is dropping is that we are in a bear market and inflation is everywhere, war is coupled with rising interest rates, but most often people answer is that the trend for news merge is over and they are selling the results of the news that has been announced everywhere about the merge, but you don't have to worry you can buy it now under $1300 that is a very cheap price for ETH
That is a good reason, but the idea is that why we haven't seen hype? I mean the reason why it was already low, and stayed low is the things you talked about, but people expected it to do a lot better in the long run right after the merge because they believed we would have some sort of hype, and we didn't get that hype.

If you are saying that all that inflation and war reasons that kept it low, is also the reason why it didn't cause any type of hype as well, then I would understand it, but I felt like it would have a hype during the merge period even with all those things, because it should have responded to it somehow, but maybe I am just wrong.
2414  Economy / Gambling / Re: All the truth about Crazy Time! Is Crazy Time Rigged? on: October 18, 2022, 07:15:01 PM
Based on the link you provided, it looks like higher odds bring a lower chance of winning
If you are a gambler you will know this already. High odd means less chances of winning but in return of it is that the profit that you are getting will be a little bigger. This is why I love playing this mode compare to low odds where I need to risk big only to win small and low odds doesn't always mean that winning is guarantee. I even think it's more risky since I can lose with it all the time.

Provably fair games were made as a way to escape this sort of thing though, perhaps you should find one of those or something else that's less likely to be rigged if you have doubts on the wheel.
Provably fair is being used to have a proof that games are legit but the game still revolves around the odds. I search if evolution gaming is legit and the results are shocking. I didn't expect that I will read many negative feedbacks about this provider. It's not only about the wheel game or crazy time but all of the games they provide can be rigged as well.
2415  Bitcoin / Bitcoin Discussion / Re: #btc Hashrate Reach New ATH a day ago, will the bull run has begun? on: October 18, 2022, 05:36:32 PM
Hashrate increase has no reason to drive the price up. People don't really care how much hashrate Bitcoin has as long as its enough to deter attacks. Adding more and more security has diminishing returns past certain point, and security is just one of the factors that influence Bitcoin's value. So, I don't see any way how can a hashrate increase trigger anything that can count as a bull run.
You took it the wrong way around. It’s not the hashrate that goes up and then people buy, it's people buy and hashrate goes up. The question here is this; if the miners are once again starting their machines up and mining at a peak level, does that mean there are a lot of buyers that make it worthwhile for miners to do that?

Miners won't do it to just make it look cool and break the highest level, they do it because it's profitable, and if it is profitable to go that high, that means is there a lot more buying pressure coming up. I believe it’s not right now, but it’s getting closer and miners are getting ready for that, it does make sense in the long run.
2416  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 18, 2022, 02:48:41 PM
I really don't feel that the Big 3 project is going to be revived if the Big 3 does not have unity among themselves. And I also believe that not having the Big 3 model at all is going to be beneficial for cricket in the long run. The problem is even though we are thinking that the Big 3 is not coordinated they might still come together just to have this model revived. But I think that ICC alone should have the authority over cricket. If ICC cannot be the lone authority over all the cricket boards then we shouldn't have ICC in the first place.

Actually, I don't think that the Big 3 is going to get revived. However, if the cricket boards and ICC have some understanding between themselves it is going to be a lot more hazardous for cricket.
As of now, ICC is surely one of the biggest joke around the sports world because of their poor management and weak policies which are creating problems for them and no one going to solve this even for the personal interest they are creating more problems here now time for having a big discussion are they serious for this game's development, or they are just going to for their own interests which are surely going to be the dark future of this game BCCI's greediness is going on their high for more stake from media rights even they are the biggest market in the world now it's time for having big heart and allow things could be fair and for the better development of this game they need to scarify few points which will surely increase funds for associate countries which will bring better results.

Here are now all boards surely need to sit and talk about this all as it's right time and for me if India is going to be fit in these policies then surely we can expect big issues in this sports organization and this game could be bigger loser in this all issue.
2417  Economy / Economics / Re: Against the British pound, Bitcoin trade volume shoots up!! on: October 18, 2022, 10:08:51 AM
With inflation hitting the UK and causing financial unrest, some experts look to Bitcoin as they feel it could make a positive impact on their some what unstable economy..
 According to data shared by James Butterfill, head of digital assets at Coinshares, shows that trade volume with Bitcoin as against the British pound climbed to a high of $881m as of Monday, 26th Sept.!

Meanwhile, the average trade volume between BTC/GBP on a daily is about $70m, invariably meaning an increase compared to the standard of 1,160%.

 With the rate at which the GBP tends to experience volatility, it would only be wise to look at other means. Like becoming a Bitcoin hub for instance, since adopting it will seem a bit of a stretch, Gabor Gubarcs tweet summarized.
 Furthermore, this decline in finance in the UK seemed to have become noticed since the introduction of Prime Minister, Liz Truss' fiscal policies, an analysis proved.
Yes, it increased. The current inflation rate in the UK (as compared to the rest of the world) is very high.
This has changed many people's trend to start investing in the Bitcoin market.
Also, another critical factor is the dramatic fall in the value of the British pound against the USD. I think this can cause a massive volume shoot-up in the bitcoin trade.
UK pound needs to have a higher interest rate in order to fix this situation, Europe and UK do not feel the need to do that, they haven't increased it as much as FED did, which causes the inflation to not recover right now. Look at USA, they have recovered to a point already, not doing great but they are doing fine enough compared to Europe.

Because they increased it a lot, as far as I can remember it has reached 2x higher interest rate and will go up even more soon, because that’s the solution. As long as UK keeps going with their horrible financial planning and the whole "let the market fix itself" approach, it will keep on going worse.
2418  Economy / Economics / Re: Running a successful business in most developing countries on: October 17, 2022, 03:10:03 PM
I'm a businessman and I also use some of this as a guide to run my business. I'm a vegetative farmer. Most of this tip are useful in running my business and that is why I always try to post them here to guide others who can't easily search for them online.

I'm not only copy- paste there but I use this as a guide for my business and it has been helpful.
Good to hear that this advice came straight to you and not just copied from some sites outside because you know, we have lots of those threads already and the sharer of those threads didn't even applied it out but I think their only motive on why they create such thread is to get a merit but still, most of them aren't being awarded by a merit.

I have never run a business but once opened a small restaurant and failed. Honestly, these tips don't stand out to me, I believe anyone can know about them once they decide to open a business.
A small restaurant is a business but can you share the things that you do on why your business has failed? I guess there are things on the op's list which you didn't followed. I believe not all business owners knows those tips automatically especially if it was their first time and then they also rush. They will mostly fail. It is better to plan first and get tips online to help you became more successful.
2419  Economy / Speculation / Re: What will happen to BTC & the rest of crypto if the US will default on its debt? on: October 17, 2022, 11:44:01 AM
if they intentionally default on their debt, they certainly have a bigger plan behind them, not simply defaulting to harm themselves, while they are the number 1 power in the world. so in case they do it on purpose, crypto will not be an option for everyone unless the US government controls it or they want that to happen

the US is the country that owns the USD printer, and the USD is dominating the world, so they can print as much as they want to pay off their debt. in other words they are the country that exports inflation to other countries
That is the key, US has a lot of power, and even during this period we have seen Europe go into recession earlier, and we have seen 1 euro being equal to 1 dollar even though euro is used by all of Europe (almost) and dollar is based on just one nation. That should tell you how big dollar is and how strong USA is, and that should be something we need to address because we cannot allow just one nation to be that strong. It just doesn't make sense to give them that much control over the world and do whatever they want.

The debt is a good proof, everyone trusts them so much and have no other option that, they accept USA with so much debt, which is unacceptable.
2420  Economy / Trading Discussion / Re: I need help on Option Trading on: October 16, 2022, 09:25:01 PM
Just like traditional trading, futures trading has been a very good innovation in the crypto space, yet I still feel incomplete without trading Bitcoin with Option. I was happy to see the Option trading feature with Binance, which is my only exchange, but they offer a different kind of Option trading from the traditional one I know. Their style of offering is designed to make one lose as your winning is not guaranteed even if the difference between the striking price and the price at expiration is in your favour.
Option trading is not a place for people who need help. If you need help then you shouldn't be trading options. I have been in crypto for longer than most people here, and even I do not go into it. Because, I know that if I need help and I can't do it, then it is on me and it’s my own problem and no one else’s.

Everyone should be aware of it like this, you can't put the problem on someone else and ask them to solve it, getting help on how to learn is like that, because you want others to take the responsibility and teach you stuff, and you shouldn't rely on the kindness of the strangers, it wouldn't really make sense in this situation.
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