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81  Economy / Gambling discussion / Re: How can we help beginners not to get addicted on: April 03, 2024, 06:45:34 AM
The reason why I'm not addicted to gambling is because even before I started to play gambling I already understand gambling and its addiction, and my understanding has helped me on how to follow up gambling. Sometimes I ask myself why do people get addicted to gambling, is it because they have no understanding or awareness about the addiction of gamble.

 I think majority of people who are addicted to gambling is because they do not understand gambling as beginners, the rules and the side effects of playing gambling excessively.

I think if gambling companies can help to giving beginners to understand gambling and addiction it will help and reduce the rate at which people get addicted o gambling, I mean good lesson for people to get understanding.  Or do gambling companies benefit from gamblers who are addicted, which the awareness of getting addicted can affect their business?.

I'm not an expert in psychology, but I think that addiction starts in a subconscious level, when your rational mind kinda loses control over your behavior. With that being said, just saying "don't get addicted" to the new gamblers simply won't do the work. Some people are genetically determined to get easily addicted, while others can't get addicted so easily. I'm sure that the noobs are aware about the risks of getting addicted, even the gambling addicts are aware about the risks, but they still get addicted. It's like a drug addict, who knows that drugs are bad, but he can't stop taking them. This subject is really complex and maybe some professional psychic doctor should share some real tips on how to prevent addiction.
82  Bitcoin / Bitcoin Discussion / Re: 🔥 Bitcoin Buy and Hold 👑 on: April 03, 2024, 06:10:13 AM
https://bitcointalk.org/index.php?topic=5467828.msg62890863#msg62890863

👆👆
Do any of you remember five months ago I started trading with just $100 and today I own $1130 and I respect Bitcoin a lot and it is slowly brightening my future and I have gained a lot of knowledge from Bitcoin in these five years and  With this I want to earn more money in my future and I want to say to all you all can buy bitcoin and hold it and you will have a very bright life in your future you are too bad my friend earned a lot of money in 5 months but today he lost a lot of money in 2 months  Because he got addicted to gambling and I buy and hold bitcoins and slowly trade to own $1130 today Bitcoin is really brightening my future.


We never get addicted to anything and try to do whatever we do with our talent then we will get success in no time.💪


Congrats on your earnings. So you have increased your capital more than tenfold , but the Bitcoin price had increased from 15K to 70K USD in the last 2 years(which is less than tenfold). I guess that you are actively trading altcoins or maybe you are doing something else.
You can't turn 100 USD into 1130 USD just by buying and HODLing BTC in the last 5 months. It's sad how some people fall victims to their own greed, right after they have made a decent amount of money. Some people think that a good day trader can be a good gambler as well. The people shouldn't gamble with money they cannot afford to lose. Anyway, 1130 USD doesn't seem like a big amount, but I guess that you live in a country where 1130 USD is a decent amount of money. I hope that you will manage to multiply those 1130 into 10K USD. Grin
83  Economy / Economics / Re: Giovanni Santostasi - The Bitcoin Power Law Theory on: April 02, 2024, 10:45:22 AM
Congrats on making such a long and informative forum thread. I'm not interested in science, statistics and mathematics, but the theory of this Italian guy makes sense.
OK, so the Bitcoin price will keep growing in the future. So what? This is a Bitcoin forum and most people are convinced that the BTC price will keep growing in the future. Maybe you should post this in a forum full of crypto haters and skeptics in order to convince them about the future of Bitcoin.
Will this mathematical model work if some external factors influence the BTC market? What if Bitcoin gets mass banned globally. Does it mean that the Bitcoin price could still hit 1 million by 2033, even if Bitcoin gets banned? Grin
84  Other / Off-topic / Re: No interest in gambling if there is no profit or fun to be accountable. on: April 02, 2024, 06:40:07 AM
At a state you bets and looses and before your time-out based on your gambling budgets or plans you always recovers your lost without profits accounted, and you don't find fun in the games and this happens concurrently, Would you still consider to game in such casino site?
Or would you go for the one you would either loose of gains by profits or find funs gaming?

To me if profits and funs are not featured in gambling then I don't find any Interest in it

Most gambling games are totally boring, if you remove the money/profits element from them. Would you bother playing dice/crash/slots games for free with no bets? I wouldn't play such games even with bets, because I find them really repetitive and boring.
I would definitely play poker for free, because the game can be fun and interesting without money and bets.
Having fun while gambling is a mindset. If you gamble with money, which you can afford to lose and you don't start "chasing your loses" you can be fun while gambling. Gambling with money you cannot afford to lose and desperately trying to make consistent money with your bets will drain all the fun from your gambling experience.
85  Bitcoin / Bitcoin Discussion / Re: My Dreams of a Bitcoin Circular Economy in my Country on: April 02, 2024, 05:59:21 AM
I am a bitcoin enthusiast and I wish to spend some of my bitcoins instead of fiat. Unfortunately, I am unable to do so because of its slow pace of acceptance in my country. I really want to promote the bitcoin circular economy but I can't. I dream of  day in my country where I can earn in bitcoin and spend in bitcoin. I dream of the day where, even though I need to keep my bitcoin secure in a cold storage, I can still have say $100 worth of BTC in a hot wallet that I spend to buy goods and services from people who accept bitcoin. The idea will be to spend from this hot wallet for purchases while promptly replacing it. That is, after spending the $100, I simply buy another $100 worth of Bitcoin to refill the hot wallet. I remain optimistic that my dream will eventually come true in my country. In the meantime, I would be happy to hear the experiences of bitcoiners who are already living my dream bitcoin circular economy in their country. What is it like for you?

Imagine all merchants in your country start accepting BTC payments and no fiat. The BTC blockchain gets stuck with multiple transactions, the transaction fees increase and the confirmation time becomes annoying. Will the merchants keep accepting BTC payments or will they return to fiat payments? Also imagine the BTC price volatility when Bitcoin gets accepted as the one and only currency in your country.
Spending some BTC for groceries, but the BTC price does up 20% tomorrow. Will the buyers be happy with this? I don't think so.
Dreams are for free, but good luck with making your dream come true. Grin
86  Economy / Economics / Re: INFLATION, A MOTIVATION TO INVEST IN CRYPTOFASHIONS on: April 01, 2024, 10:36:30 AM
Quote
Because it seems to me that there is nothing good about this event attacking countries and the worst thing is that it is inevitable, everyone is or will be going through inflation,

Why are you talking about inflation as if it's some kind of natural disaster?
Inflation is caused by the money printing machines of the big central banks. Inflation can be stopped, if the central banks stop the money printing and raise the low interest rates. The problem is that this will cause a long term recession and many people will lose their jobs. The modern day economy is "addicted to inflation" to some extent. And yes, inflation is the main reason why Bitcoin/crypto was created. The other main reason are the commercial banks stealing money from their customers. Imagine if inflation was really low 15 years ago and it stayed low for all those years. Would Bitcoin become so popular? I don't think so.
87  Economy / Gambling discussion / Re: What Becomes of Gambling if Sport book is taken away. on: April 01, 2024, 07:23:06 AM
I don't know is this have been discussed before here on the gambling discussion board or not, but let see how our independent opinion on this question will be and what to anticipate should Incase we find ourselves at that stage in time.

Just as the title stated, what do you think will becomes of gambling enirly if we wake up one morning to the news of global banning of football,  or a country ban it citizens from participating in football both as a game and also a sport.

Do you think gambling/casinos will lose it popularity since chunk number of their clients are from sport bookies section?

If sports betting gets banned, it will simply continue to exist, but in the grey/black economy. Online sports betting platforms will host their servers in offshore territories, where sports betting is allowed and those online platforms will become VPN-friendly.
I do think that gambling and the casinos will lose popularity, because banning them means that the normies will stop using them. However, the hardcore gamblers will always find ways to keep gambling, even if gambling becomes illegal. There will be way less casinos/bookies and their income will be way lower, but gambling cannot cease to exist.
88  Bitcoin / Bitcoin Discussion / Re: Bitcoin is A Beacon of Hope for the Present and Future on: April 01, 2024, 06:40:23 AM
I was reading some text by Victor Frankl and in it he believed that the most important thing we can do for our fellow human beings is to give them hope for the future. With regards to the bitcoin, its purpose is in line with this idea. In the Bitcoin White paper, it is outlined that Bitcoin represents a decentralized financial system, that will offer hope for economic empowerment and financial inclusion, especially in regions facing economic instability or lacking access to traditional banking. By granting people the power to be in charge of their finances through non-custodial wallets, and offering an alternative to centralized systems, Bitcoin carries with it the hope for a more equitable and inclusive future. You can see the connections between these two and it is phenomenal. It is just amamzing. Isn't it. I just thought to share it here.

Religious sects are also giving "hope for the future" to their members.
Communism also gave a hope for the future to all socialists/communists, in the form of an egalitarian utopian society, where all needs will be met and there will be no poor people and exploitation.
That's why I'm always skeptical about any ideology or system that gives the people "a hope for the future". Everyone hopes that Bitcoin will hit moon and they will make some easy money, but what happens after Bitcoin hits the moon? Will the price stay on the moon? Grin it will most likely crash and go down. Maybe it's the ups and downs of the BTC price that are giving hope to the traders.
Anyway, I agree with the "be your own bank" principle of BTC, but most Bitcoiners are using centralized crypto exchanges so this seems more like hypocrisy to me.
89  Economy / Economics / Re: How is it that these actions are yielding opposite results? on: March 31, 2024, 11:14:33 AM
Can someone who understands the Argentine economy explain what is going on there for me. I was excited when the current president won the election. He then set out to carry out some economic reforms. Some of his economic achievements like a budget surplus and decreased inflation have been impressive. But what I do not understand is that some of his policies aimed at slashing government programs and instituting extreme libertarian reforms, is triggering a deep recession and reduction in the purchasing power of the Argentines. How is it that these actions are yielding opposite results? If you understand why this is happening please explain it to me.



I'm not the biggest expert on the economy and finance of Argentina, but my theory is pretty simple.
For years Argentina has been living on debts. The government is spending more than it can gather via taxes. Many Argentinians are living on government support. Cutting the government costs would lower the national demand for goods and services, therefore the economy will be facing a short term recession. All the Argentinians living on the government support will become poorer, when the government cuts all the social programs. Argentina must start paying it's debts. That's the main point of the new economical and financial policies.
90  Economy / Gambling discussion / Re: Is playing poker online better than offline? on: March 31, 2024, 06:58:23 AM
I often watch poker videos on YouTube where the player have very good acting to hiding his cards through his flat face. I have seen them being able to win with very bad cards on their hand with a good bluff, all in his chips. So I imagine, and often play poker online, I am very happy if I get a good card and I can't hide it well so just go all in all my chips. So what do you think?, how do other players know when I have good cards when playing online?, Is by check and don't call the bet they know we don't have a good card?, I'm not good at hiding it, sometime when I have double AS, I always all in at the beginning.


Online players can find out that you have good cards by analyzing the patterns in your game. Going all in at the beginning, when you have good cards is a mistake, because the other players will come to the conclusion that you have good cards. Luck is always a big factor in poker and sometimes your bluffs can win, but this won't be consistent. Poker is about analyzing the opponents game, risk management, luck and trying to trick your opponents into thinking that you have weak cards, while raising the stakes.
I prefer online poker because I'm not the most social and extroverted person. I don't know how good I am at having a "poker face".
Why do you try both offline and online poker and then decide which one is better for you.
91  Bitcoin / Bitcoin Discussion / Re: Give Away Bitcoin To Avoid Estate Tax on: March 31, 2024, 06:14:39 AM
Quote
Is it theoretically possible if you were Satoshi to just give away $17,000 worth of Bitcoin randomly to 4 million addresses, utilizing the legal annual per-person gift tax loophole?

What is this estate tax you are talking about? Is this a tax that will be imposed in the USA in 2025? Is Satoshi Nakamoto an American? What if he isn't American and doesn't have US citizenship? Do you think that Satoshi Nakamoto's Bitcoins are under US jurisdiction?
Giving away 17K worth of BTC to 4 million addresses seems like a really dumb idea. The rich people in the USA are creating charity foundations and putting their financial assets there, because charity foundations have some tax benefits. Maybe Satoshi Nakamoto should do the same thing, if he's an American and he's still alive. I don't believe that his BTC will ever be taxed, though.
92  Economy / Economics / Re: boomer life UK on: March 29, 2024, 12:52:21 PM
is life for Boomers in the UK like that?

Quote
The 1950s were a good decade to be born in Britain. A newly minted welfare state ensured that your early years were free from squalor. For the lucky few who made it there, university cost nothing. During your peak earning years, taxes plunged thanks to Margaret Thatcher, oil gushing from the North Sea and the restorative effect of the EU’s single market on the sick man of Europe. Rocketing house prices more than compensated for a few years of high interest rates. Defined-benefit pension schemes, then still the norm, ensured that retirement would be prosperous.
Whatever this generation wanted, this generation nearly always got.  ........

source: the economist over https://archive.is/aWdik#selection-1079.0-1093.67

Is it possible that the economist forgot about some classes? 
Or is the UK mainstream really like that ??

What classes are you talking about? Do you mean the working class?
Why are you writing about this as if it's happening right now? The decades between the 1950s and the 1990s where the time when Great Britain lost it's colonial empire and all the trade privileges and cheap natural resources, that came along with having colonies. The British pound had lost it's dominance in the global finance, even though the London City kept a pretty important role in the financial world. Finding oil and gas in the North Sea really helped the British economy during the 80s and 90s, but it didn't change the fact that Britain has a big national debt. Basically, Britain is a "poor country, that pretends to be rich".
The historical time frame between 1950 and 1990 was a great time for all baby boomers, not just the British baby boomers.
93  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: March 29, 2024, 06:54:27 AM
It seems that the rumors about Xabi Alonso joining Livepool or Bayern are fake. Alonso will stay in Leverkuzen for another season.
The favorites for a new Liverpool manager are Roberto De Zerbi and Ruben Amorim from Sporting Lisbon.
I don't know if those rumors are true, but De Zerbi seems like the best candidate for Liverpool. He's been doing great with Brighton and it's time for him to join a bigger club. Arne Slot, who is a coach of Feyenoord is a also a good candidate, but Dutch coaches are having a hard time in the Premier league.
94  Bitcoin / Bitcoin Discussion / Re: Upon the death of a bitcoin user. on: March 29, 2024, 06:09:05 AM
I have come to stay in this community and thought of one thing which has been bothering me.
Relating from our traditional banks where a bank customer dies and all his assets remains unclaimed by his relatives. I was once told that there was a bank manager who withdrew funds from there customer dormant accounts hopefully that the owners are dead as those account has been dormant for years without any form of activity on the account, it happens when no relative knows about the account for them to lay claims.
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?

If nobody knows your wallet password and private keys, the Bitcoins in your wallet will stay there forever(unless someone hacks the wallet, which is highly unlikely to happen). I don't recommend sharing your wallet info with your relatives. They might reveal this information to somebody, who has bad intentions. Perhaps the best option would be to sell a part of those BTC for fiat money and buy life insurance for yourself.
The bank manager story seems weird to me. A bank manager cannot have access to the bank accounts of anyone. I hope that the relatives and heirs of those dead account owners will sue the bank manager for a hefty amount of money.
95  Economy / Speculation / Re: Bitcoin 190K in 2024? on: March 28, 2024, 12:23:32 PM
A very important event is scheduled to happen this April. Around April 16 or 17. It's bitcoin halving again. i.e. number of bitcoin rewarded for mining a block would be halved. It meas half bitcoin reward for equal task for miner. That would also decrease the liquidity in bitcoin provided by the miners. The miners operate on small margin and many could go on loss if they sold their reward for current price so they won't be willing to sell it unless price moves up. Bitcoin in past have seen a good price boost after the halving. And many prediction models place the future price of bitcoin into 190K.
Is 190K too humble or very generous in your consideration? What's your price plans for selling your holdings?

I think that for a 190K BTC price we are going to need the help of Elon Musk/Tesla. Grin
Elon needs to start aggressively shilling Bitcoin on Twitter/X and Tesla has to accept BTC payments again. If I remember this correctly, Musk and Tesla were the main driving force for the 2021 Bitcoin price pump up to sixty thousand dollars. They were also a big reason for the price dump afterwards. AFAIK, Bitcoin mining is more "green" than ever and Musk has to keep his promise about accepting BTC payments, after Bitcoin mining becomes "green".
Jokes aside, a 190K Bitcoin price can be achieved, if the HODLers keep accumulating and HODLing, while the companies keep spreading mass adoption of Bitcoin. We need a bigger army of HODLers and a bigger army of Bitcoin buyers.
96  Economy / Gambling discussion / Re: International break's in football. on: March 28, 2024, 08:15:05 AM
International breaks are used so that the national teams could play their matches. Aren't you a fan of your country's national team?
I am a football fan and I have a favorite football club, but international breaks don't bother me at all. The football players in your favorite football club also need some time to have a break. They aren't machines and they can't play 100-200 matches per year.
I don't have a kid, but if I had a kid, I wouldn't care about his favorite football team. I'm not the most hardcore football fan and I'm not obsessed with my favorite football club.
97  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFTs just marketing gimmicks with no added value? on: March 28, 2024, 07:14:20 AM
NFTs, meme coins, smart contracts, altcoins, etc. are nothing but scams.

These are the buzzwords that scammers use to lure people in and trick them out of their money. Bitcoin is the only one that is not a scam.
Many people enter the crypto market only to find this out the hard way after they lose their money.

If the government was doing their job ethereum and all the rest of the shitcoins would be shut down to prevent these scams from happening.
Of course that is why bitcoin exists because governments are totally clueless, incompetent and corrupt.



A Bitcoin maximalist had entered the chat. Grin
1.Smart contracts aren't scams. They are a tool, which can be used for good projects or bad projects. It depends how you use it.
2.Meme coins shouldn't be taken seriously(however, some crypto traders are taking them seriously).
4.Some altcoins are legit, while others are pump and dump shitcoins(actually most altcoins are shitcoins). You can't put all altcoins in the "scam" category.
5.The idea behind NFTs has some valid points, but the execution is what makes NFTs a joke.
Please move this forum thread in the Altcoin Discussion forum, since we aren't talking about Bitcoin.
98  Economy / Economics / Re: Off Economic phenomenon. on: March 27, 2024, 11:29:17 AM
Good day everyone.
Where I come from, there's been harsh economic problems for a while now. It's no news, that there's a global inflation due to a few reasons, but even in the midst of all that, a lot of countries are still doing better than others, and the development rate isn't reducing as the standard of living is still by far well to do.

My country has been battling with the dollar exchange rates. It's been soaring high, making the prices of food and other commodities soar high as well. But recently, the exchange rates dropped by over 37%, and everyone became happy ( of course apart from those who earned in $), and the prices of goods and services even went higher, further decreasing the standard of living in the country.

Now, AI and search engines will only try to give me theoretically logical explanations, but I want something practical and out of experience from people of other countries. What do you think this Economic phenomenon is and what exactly is causing it? Has your country been in a situation like this throughout it's history, and how was it resolved? 

The global inflation was a thing back in 2022 and 2023. Right now, the inflation isn't truly global, because the average inflation rates in the EU countries are around 2-3%. Maybe the rest of the world is suffering from high inflation, but the inflation in the European Union is pretty low.
I don't know in which country do you live. Turkey? Argentina? Some African country? It seems to me that the merchants in your country use everything as an excuse to raise the prices of goods and services. Maybe there isn't a truly functioning market economy where you live and the markets are controlled by cartels and monopolies. If there was a real competition between the merchants, the prices would go down, when the national currency goes up against the US dollar(this means that the imported goods and raw materials would become cheaper, resulting in cheaper consumer goods).
99  Economy / Gambling discussion / Re: User experience Trends in Online Gambling: What's Next? on: March 27, 2024, 07:48:36 AM
Hi everyone!
looking at how many new gaming platforms are popping up, I thought it would be interesting to talk about, based on your experience and preferences:
- what trends would you like to see in the future (eg interactive game design, innovative customer service or loyalty programs, etc.).
- what improvements or features would you specifically appreciate or suggest (what is missing)?

Anything that can really improve online gambling from the user's perspective.

Things you like, recent improvements you appreciate or current trends you criticize. Or suggest features and trends you'd like to see more of in the future.

This discussion aims to discover what users really value and want to see in the development of online casinos.

What I want:
1.The online casinos to be trustworthy and to never scam their customers. Yes, I know that this is easier said than done. Grin
2.No sketchy policies like "perform KYC before withdrawal". KYC should be done before depositing money, not before withdrawing money.
3.Decentralized gambling is supposed to be the future of gambling, but I don't see it happening anytime soon. Most centralized online casinos will lose their business, if decentralized gambling becomes really popular.
What I don't want:
1.Virtual Reality gambling. I totally don't care about this sh*t.

What do you mean by "innovative customer service"? Customer service is just good or bad. It can't be "innovative". Grin
100  Bitcoin / Bitcoin Discussion / Re: Dangerous insights on bitcoin Investor on: March 27, 2024, 07:11:05 AM
Any link to the source of information?
If the young guy is unemployed, how did he find money to invest in Bitcoin? He's definitely not an early adopter or early miner(obviously too young). Did he get some money from his poor parents? I get that the poor people are usually stuck in the "get a job" mindset, but I'm really suspicious of "investors", who don't have a job and a steady income source on a monthly basis. What if this young "Bitcoin investor" suddenly loses all his BTC(his wallet gets hacked or he forgets his passwords and private keys)? He starts again from Day 1, being flat broke and unemployed. The world is full of people, who still think that Bitcoin/crypto is a scam and I totally get their point of view, but calling the police instead of talking to your son about his financial situation seems like total nonsense.
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