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181  Economy / Speculation / Re: Bitcoin all time high, is it ETF effects or pre halving cycle on: March 05, 2024, 11:11:32 AM
Today bitcoin started the week reaching at $65,000 a near former all time high price, and this new stabilized bitcoin 65k price indices make alot of presumptions and many bitcoin price speculators are in bullish mode to state an obviously possible reality that bitcoin may break the former all time high price (ATH) of $69,000+ previous record before the bitcoin halving cycle to occure.

Although if bitcoin make a new all time high before the next bitcoin halving, it makes it the second time in bitcoin history and chart 📉📈 where bitcoin attain all time high prior few days to the next halving.

The question now is, are we going to see that happening very soon and what is you expected benchmark before the next halving cycle.

The Bitcoin market has been crazy in the last 4 months. Back in October 2023, the price was around 27K USD and now the price is 66,8K USD
I can't imagine Bitcoin being so close to a new ATH before the halving. I was expecting a new ATH several months after the 2024 halving. I guess that the ETFs approvals and the pre-halving hype are both contributing for the creation of the current FOMO phase. Bear in mind that such big price pumps are usually followed by big price corrections. I'm expecting a price crash several weeks before the halving. So far, 2024 has been extremely bullish for Bitcoin, but the bears on the market might have the opportunity to enjoy a big price crash.
182  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 05, 2024, 06:56:26 AM
Thanks to the inception of smart contracts, we can now enjoy decentralized gambling in a provably fair way. I've used a few gambling dApps in the past, and the experience was great. Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.

Do you think decentralized gambling dApps will eventually replace their centralized counterparts? If not, why? Which do you prefer? Centralized or decentralized gambling? Your input would be greatly appreciated. Thanks. Smiley

It's like asking someone "What fruits do you prefer? Apples or Bananas?" or "What kind of girls do you prefer? Brunettes or blondes?" Grin
Why not both? I think that decentralized gambling is the future, mostly because the gamblers won't have to deal with KYC and all the sneaky casino tricks, that block them from withdrawing their profits(somebody might even call it "scams"). Centralized gambling is still way more convenient than decentralized gambling, but I'm sure that this will change soon. Several years ago, some people were thinking that ETH will beat BTC because of the low transaction fees and low confirmation time. I wonder what do they think about the Ethereum blockchain right now.
183  Bitcoin / Bitcoin Discussion / Re: Just a friendly Bitcoin friend reminder - High price = more scams on: March 05, 2024, 06:07:09 AM
The Bitcoin price are reaching a new All-time-high again and we all know scammers are trying their best to get their hands on your coins.

I have seen a significant increase in Phishing emails, trying to get me to click on stupid links.

I never click on any links and all my coins are stored in long-term cold storage, so I know they are out of reach, but many people have hot wallets and they might be a target.

So guys... be safe out there and protect your coins. It's crazy season and the scammers are very active. 

What kind of email provider are you using? I use Gmail and I barely get any suspicious looking phishing emails. All of them end up in the Spam folder anyway. It's funny that the scammers are working harder when the Bitcoin price is high. The smarter decision for them would be accumulating more BTC when the price is low and keep HODLing until it hits a new ATH. I'm expecting another big exchange making a big exit scam, while claiming that it got hacked by some mysterious "hackers". This might lead to a BTC price correction, but we aren't in 2017 anymore and the bull run might continue. Grin
184  Economy / Economics / Re: Some people acts stranded and in need of the ways for breakthrough but not ready on: March 04, 2024, 11:22:12 AM
If someone asks me "please tell me how to make money" I would say "Just get a job, bruh...". I'm not responsible for other people's financial situation and I don't want them to blame me when things don't go out as expected. I would never reveal to anyone that I'm involved with crypto. Even if I tell a friend that I have crypto, he might not be interested in this, but he will share the info with other people and some of them might be scammers. The people, who ask me "what do you do for a living?" and "how do you make money?" are the most annoying people. I usually tell them "mind you own business!". Angry
185  Economy / Gambling discussion / Re: Try to stick to your instincts as a gambler on: March 04, 2024, 07:21:49 AM
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Today i decided to try one of my sweet predictions in the EPL games. So, i predicted in 4 matches and placed my net. However, during this time i watched my games played so well but two games were holding it and i felt i would lose this game. It was already 83 minutes and i needed these games to play at 87 minutes i gave up and decided to cashout the amount i used to stake since it was the amount that was showing there. I thought it was clear and instead of losing i should rather just get my money back. Just in 15 minutes after i checked the live score and found out that the game played. I felt so angry and unhappy because i have not trusted my instincts if not i wouldn't have cashed out at that time.

What if you make a wrong decision because of your instincts? Do you really believe that your "instincts" are right 100% of the time?
Some gamblers call it "luck", other gamblers call it "instincts" or "intuition". Maybe I should call it "having confidence in your luck".
You didn't have confidence in your luck so you have decided to play it safe and not have a loss instead of taking the risk and winning.
That's a pretty rational behavior. Maybe you have to be less rational as a gambler, in order to make a big win.
186  Bitcoin / Bitcoin Discussion / Re: Why inflated countries should adopt Bitcoin to help boost their economy. on: March 04, 2024, 06:47:46 AM
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1. It is the fastest way to combat inflation, due to it's limited supply, making it more scarce and costlier, which could help strengthen a countries economy.
2. Bitcoin has a transaction cost making it easier for financial industries and traders to carry out transactions without worrying about high cost of transaction fees.
3. It's transaction rate is quicker and can help, business men, traders and individuals transact very quickly.
4. If a government accepts Bitcoin as a alternative to fiat
it could make currency exchange effortlessly and it cannot be influenced by corrupt governments officials.
5. I've seen no reason why some countries would be fighting against Bitcoin instead of adopting it into their system, I think any country doing that is fighting a lost fight and would be forced to accept it on the long run.
 Other countries should use see El Salvador that invested in it and adopted it for transactions as an example of how Bitcoin could affect an economy positively.

This is the 1000th forum post about this topic. Can't you come up with more original ideas.
I wish I could see 10 million or 100 million people transacting with BTC buying foods and groceries on a daily basis. Why would they spend their BTC if the Bitcoin price could hit 70K or 100K USD after a week or a month? How much would the transaction fees increase if 100 million people start making small transactions on the Bitcoin blockchain on a daily basis? Wouldn't this make the blockchain congested again?
The Bitcoin adoption in El Salvador kinda failed, I don't know why people keep pointing this country as an example for successful BTC adoption.
187  Economy / Economics / Re: Reckless financial decision ? on: March 03, 2024, 12:09:37 PM
Do you think a celebrity who turns down a multi-million dollar deal solely because the organization doesn't allow him smoking weed is a reckless financial decision?
Keep in mind this definition of reckless financial decision - It entails when a person makes choices that involve significant financial risk or lack of consideration for the potential consequences.

What other reckless financial decision do you know or have heard of?

Who is this celebrity? Do you want to keep his name a secret?
Maybe this celebrity is rich enough, so he could turn down a multi-million dollar deal without any regrets. Why do you think that this decision is reckless? We don't know the mindset of the extremely rich people(millionaires and billionaires). When you own 100 million dollars, adding 10 million dollars doesn't seem like a big deal for some rich celebrities. Maybe this guy simply wants to chill and smoke weed, instead of making more money. Some people don't want to make sacrifices and change their lifestyle and habits for financial gains.
188  Economy / Gambling discussion / Re: Stake; one couple two accounts illegal? on: March 03, 2024, 11:39:45 AM
Do you have two accounts under one IP address? Maybe that's why you got blocked for multi-accounting.
Maybe Stake customer support will unblock the withdraw option if both you and your husband perform KYC.
Did you read the Terms of Service of Stake.com before deciding to open another account?
It's weird that there is a maximum bet limit for sports betting, but I don't use Stake.com anyway so what do I know. Sad
Good luck trying to explain your situation to the Stake customer support.
189  Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret on: March 03, 2024, 11:18:53 AM
If we see the history of Bitcoin, then it's pretty easy to see how Bitcoin recovered its price. It would take time to recover, but eventually it did. So at the end of the day, holders don't need to be regretful. I am talking about Bitcoin, not about any other altcoin. Because even though the Bitcoin price has recovered, many altcoins haven't recovered yet. Even those who bought Bitcoin at the top in the last bull run, I believe they are almost recovered. If they are still holding, they will be in profit within a couple of months. Bitcoin has given us a costly lesson that holders won't regret. We should take that lesson and keep it in mind for the future. 

You could say the same thing about every scarce financial asset. Bitcoin didn't "recover" on it's own. The adoption from institutional investors is what is pumping the price. The last time when the BTC price was above sixty thousand dollars Tesla and other big corporations were active in the BTC adoption scene. It's actually impossible for Bitcoin to hit and stay at levels above sixty thousands dollars without the help of big institutional investors. I agree that the long term HODLers won't regret by staying loyal to BTC, but let's not ignore the fact that Bitcoin is going up mostly because of the institutional investors.
190  Economy / Economics / Re: Isn't it all about money? on: March 01, 2024, 08:07:28 AM
What's the essence of all the hustle and bustle and learning and reading and keeping all the sleepless night? Isn't it all about money?

What if I don't want to go through all these process, don't care if I'm a graduate or not or if I'm good at speaking good English or not buth I'm just focused on how to make the money and end up making the money, won't the end justify the means?

I sometimes feel that some of these ideal process that has been accepted by the majority of the people in the society as a part to be taken to greatness is too complex. I mean, we can just learn how to read and write and focus on how to make money. Those who want to become engineers can choose to do so but those that don't want to pass through those route shouldn't be seen as less of a person because at the end of the day, it's mostly all about money.

Is somebody forcing you to study for an engineer? Is somebody seeing you as a less of a person because you don't have bachelors degree?
Increasing your knowledge and skills increases and ways and possibilities for you to make more money. That's the whole point of the educational system. I know that some educational systems kinda suck, but that's not my problem. A bachelors degree is a certificates, which proves to your future employer that you are capable of doing high quality work, so he will hire you at a better high paying position.
191  Other / Off-topic / Re: Does having children have an influence on gambling habits? on: March 01, 2024, 07:41:47 AM
When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?

I've seen horror stories about gambling addicts having a family and going flat broke(wasting everything on gambling).
It depends of the person. Some people are more responsible, so they change their habits after having a kid. Other people are just irresponsible idiots, who are always ready to leave their family and run away. I don't have kids and I don't think that I will ever have any kids, so I guess that my moderate gambling lifestyle won't be changed. Why are you asking this question? Do you have kids? Do you plan having kids in the near future?
192  Bitcoin / Bitcoin Discussion / Re: Bitcoin was created to reform money and provide financial freedom on: March 01, 2024, 07:09:56 AM
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Fast forward 16 years and almost all Bitcoin transactions are run through third parties.  To buy Bitcoin most people use exchanges which you must KYC on. To store Bitcoin most people use wallets that require the use of 3rd party nodes for transactions. This includes Hardware wallets.  Most people use Bitcoin like an investment not an electronic cash system. Banks are buying up large quantities of Bitcoin to hold for customers buying their ETFs. Arguably developers are adding things like ordinals to the code which have slowed transactions and increased fees above what would be reasonable for small financial transactions.

AFAIK, most BTC transactions are run on the Bitcoin Core blockchain, so you are wrong about this.
You are right about most of the things you've mentioned, but you didn't clarify what exactly is your dream. Bitcoin can give financial freedom, but only if you use it the right way(without centralized exchanges and third parties). Most of the people don't want freedom, they want profits. Obviously Bitcoin is too scarce to become an actual currency. The high price volatility is what stops mass adoption.
Bitcoin ETFs and the flood of institutional investors in the Bitcoin/crypto world can be a double edged sword, but so far, most of the Bitcoiners are enjoying the bull run, so they aren't against the money coming from the big banks and investment funds.
193  Economy / Gambling discussion / Re: The Future of Gambling on: February 29, 2024, 11:28:23 AM
The core principles of gambling will stay the same. What does VR technology add to the gambling experience? Using a VR helmet so you could see some virtual reality casino? So what? There's nothing exciting about this. I prefer playing online gambling on my laptop instead of buying some expensive VR helmet and entering a VR casino.
I believe that decentralized gambling should be the future of gambling. Not dealing with KYC, deposits and withdrawals and playing gambling games directly on the blockchain with the coins in your own cold wallet should be the future. Unfortunately no casino wants to change the business model to decentralized gambling. All casinos want to accept deposits and make the gamblers go thru various obstacles in order to get their hard earned profits.
194  Economy / Gambling discussion / Re: Gambling still pays regardless of our losses on: February 29, 2024, 07:37:08 AM
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So I brought this topic to let us know that in gambling, if you just play it as though you don't take it seriously whether you win or lose then you might surprisingly win an amount that will amaze you one day and it would look as if you're smart or you know how to predict the outcome of events and in most cases, when a gambler wins they doesn't really care much about their previous losses regardless of the amount they won.

There's a word for this. It's called LUCK. Grin It doesn't matter if you analyze the outcomes of sports events. It's still luck(and consistency).
It's like saying "Just buy lottery tickets every day. One day you will hit the jackpot." I kinda agree that not taking the games too seriously could actually bring some positive results. The more you desire something, the less chances you will have to get it. That's how life works.
Maybe not wanting to win big in gambling could lead to unexpected big wins. I'm not superstitious, that's an actual theory.
195  Bitcoin / Bitcoin Discussion / Re: "Funds are SAFU": Here we go again, but with Coinbase! on: February 29, 2024, 07:05:01 AM
Panicking Coinbase users woke up today to find their bitcoin balances at $0 because of a technical glitch.

Source: https://www.msn.com/en-us/money/markets/bitcoin-s-price-surge-briefly-broke-coinbase/ar-BB1j4tNN

Well at least they were lucky that it was just a glitch! I will never understand why normal people are keeping their coins in an exchange and not even in a software wallet. People who are not trading coins do not need to use an exchange. It is just ridiculous seeing people on X/Twitter having a mental breakdown over this even after hearing about "not your keys, not your coins" so many times.

At least 80% of the Bitcoin/crypto users aren't that tech savvy. I also think that at least 80% of all crypto users prefer convenience over safety. Maybe dealing with a centralized entity dives them a false sense of security. It's like having a bank account in a big and trustworthy bank. You think that all your problems will be solved and you trust the bank, simply because the bank is big and it has millions of users. The same thing applies to big crypto companies like Coinbase. In this case it was a technical glitch, but I really expect some big centralized crypto exchange to get hacked again and many crypto supporters waking up with $0 in their accounts.
196  Economy / Economics / Re: Why no info about how serious are USA financial situation now ? on: February 28, 2024, 11:57:29 AM
It's serious the usa are in situation to default but nowhere info?

The news should look this," people we are in the real trouble and we are about see huge financial collapse and fed having the problems no easy fix "

I mean news are full of other news wich is not even so important compared with this one.
The USA financial system is now close to collapse we are few days away from default.
In this case only way untfortunately will be full scale war.
The amount of debt ....it can not be balanced out with small crisis.

It's been one week since you posted this forum thread. Did the US financial system collapse? I don't know where do you read "doom and gloom" news and which "prophets of the apocalypse" are you following on social media, but you have to always be a bit skeptical about such news.
The US financial system can survive at least 20+ years before it starts collapsing. Have you heard about the "dollar milkshake theory"?
According this theory, the US financial system will keep pumping resources from the world in order to survive and the dollar will keep dominating the global economy in the next decades. I don't know if this theory will turn out to be true. Let's wait and see what happens.
197  Economy / Gambling discussion / Re: Support, do not criticize. on: February 28, 2024, 07:20:17 AM
If you know anybody trying to stop the addiction of gambling to become better for themselves and their family, try and show them support by not criticizing them. If you observe that they experience some kind of relapse and go back to gamble even when they said they were not going to gamble, try to encourage them to remember why they wanted to stop gambling for the time. It is not an easy decision for some of them to make, and even imagining that they will never gamble again can make it worse for them, most of them need all the support they can get to help them maintain the decision to give gambling some time away. If you criticize and mock them, they may nurse in the heart the mindset that gambling is impossible to stop, or even stop trying to stop gambling because you have already made them feel like they can never do it.

I don't get the logic behind your statement.
So if you criticize a gambling addict(who is trying to stop), he will feel guilty and he will start gambling again? This doesn't make any sense.
Who is going to criticize a gambling addict, that is actively fighting his addiction? I know that most gambling addicts try to keep their personal issues a secret. Maybe most of them are afraid that they will get embarrassed and ridiculed for revealing their inner struggle.
Everyone with a brain will always try to support a struggling gambling addict. Only the psychopaths/sociopaths would say "nah, you should keep gambling, because it feels good".
198  Bitcoin / Bitcoin Discussion / Re: Donald Trump's stance on Bitcoin is changing on: February 28, 2024, 06:47:46 AM
Trump wants to win the support of the Bitcoin/crypto enthusiasts. He would never say "I plan to ban Bitcoin/crypto" while he is in a campaign.
Several years ago, Trump said that Bitcoin/crypto is made out of thin air and it doesn't have any real value. Should we even trust this guy?
I know that his last presidential mandate(2017-2021) was a great time for Bitcoin, but Trump and the republicans didn't have any role in the growth of Bitcoin. It would be nice, if Trump and the republicans stay neutral towards BTC/crypto, after Trump becomes the new US president.
199  Economy / Economics / Re: The value of currency in country's economy on: February 27, 2024, 11:36:13 AM
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-What are the other factors that made America's economy the strongest in the world?
 -What is your assessment of your country's currency in relation to the dollar?

Is the American economy "the strongest in the world" right now? I really don't know. The US economy has been the strongest and most competitive economy in the world during the past 80 years, but that competitive edge is slowly declining. The modern day US economy has been artificially pumped by trillions of USD printed by the Federal Reserve. Technological superiority is one of the biggest factors you didn't mention, but I think that USA is slowly losing it's technological dominance, while China starts producing cheap and advanced high tech products and services. China is "the global factory", while USA has a service-based economy with giant financial sector and decent IT sector.
My country has a currency that is pegged to the euro, so my national currency isn't freely floating on the international fiat currency markets.
200  Economy / Gambling discussion / Re: Is it ethical to break your gambling rules on: February 27, 2024, 07:57:23 AM
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So this led me to ask the general public if I am gambling too much, although this excess didn't affect my finances in any way since I still managed to come out with little winning at the end of the day and at some level, my losses are still below 30 percent of my set out money.

How do you measure "too much"? Do you gamble 10 hours per day without taking any break? This is "too much" according to my personal preference. Gambling for 1-2 hours per day is OK, if you ask me. Is it ethical to break you own rules? I think that ethics is more about not breaking the rules in general, instead of having or lacking self-discipline. Maybe your excessive gambling doesn't have any negative financial impact so far, but it might have negative impact in the future. The casino always wins in the long term. I'm not expert in psychology, but I think that the lack of self-control is the first step towards getting addicted.
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