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541  Economy / Economics / Re: Global markets brace for fallout as Middle East tensions rise on: October 15, 2023, 04:52:50 PM
The Israeli-Hamas war has sharpened focus on rising geopolitical risks for financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy.

Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to "demolish Hamas" as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation.
Source

Israel and Hamas keeps fighting in the background for a long time and so Russia and Ukraine until now. Israel nor Hamas is not a major oil supplier of oil. Their tension too is not that massive since Israel is just dealing with the terrorist group that is now shielding against civilians. It’s a pretty one-sided war which is not that huge to create serious demand the world economy.

Unless big country will join to a proxy war then it’s really a one hell of a war that will shake the global economy.
542  Bitcoin / Bitcoin Discussion / Re: Distinguishing Between Bitcoin Halving And Crypto Burn on: October 15, 2023, 04:30:37 PM

While crypto burn is a mechanism use by other cryptocurrency in reducing the amount of their digital asset already in circulation.


The irony on this token burn mechanism was the team aims to decrease the circulating supply of the token to boost the price yet they always set the total supply of their tokens to Billions or Trillions that will make the circulating supply enormous during the token minting.

It’s nonsense to burn tokens just to reduce the supply while they can initially lower the token supply during minting before they distribute it to the holders. Token burn feature is scam feature nowadays so that there will be a price boost due to speculation while the team reserve tokens grows significantly and slowly exit on liquidity from holders.

543  Economy / Speculation / Re: Will BTC go above $30,000? on: October 15, 2023, 04:09:00 PM
If we look at this year's price chart then the highest price of bitcoin was only around $31k, and I still remember it lasted less than 24 hours and the market fell again, and now the price around $26k and I see like a puzzle that was difficult to solve so we had to be patient to see price increase this year.


The current top for this year doesn’t reflect the limitations on how high it can go this year. If you will use Bollinger Band indicator on monthly basis. You can notice that it sits on the middle channel which means there’s a chance to pump more higher than 31k this year.

Also Bitcoin usually start to make strong move on the last quarter of the year especially Bitcoin halving is already around the corner next year. There’s still chance to see some price explosion once everyone unites to become bullish due to the halving.
544  Economy / Gambling discussion / Re: Casino is a Games of Chance and Entertainment on: October 14, 2023, 05:03:35 PM
But what if you guys win and you just wanna have fun, what you'd do with the money?

Withdraw then deposit again next time when I want to gamble again. Typically, I don’t spend much my gambling profit because I’m always aiming to play more on the other time.

Money that I dedicated on gambling will remain for gambling purposes unless I have urgent need to purchases that requires spare money in able to achieve such as gaming laptop. I think this is same case with other user because it’s very hard to completely stop gambling now that you experienced profit. I’m sure that many will chase more after a win.
545  Economy / Trading Discussion / Re: Trade only Bitcoin on: October 14, 2023, 12:39:30 PM
Bitcoin is becoming less and less effective for trading and one day the market will become stable for sure. So it is good practice to learn how to trade other coins so that you can be prepared for the future.

Gold is also very stable but have you ever tried trading with gold in the forex market? It is even more volatile than what altcoins offer. In trading, volatility will always occur and whether we want to make more or less profit depends on how we set the leverage, the higher the leverage, the higher the risk but the higher the profit will be. When it comes to holding, it is clear that bitcoin is always the top choice because of its safety but when it comes to trading, there is not much difference between bitcoin or altcoins.

Leverage doesn’t increase volatility of the token but rather the risk. Volatility is due to the price change of tokens while leverage just multiply your margin so that even small changes on the price will create huge impact on your trade. Technically, leverage increases only your trade size and not the volatility of the token.

Forex trading is a leverage trading which you should compared on futures/leverage trading  on crypto not on spot.
546  Economy / Gambling discussion / Re: ESports betting -CS:GO, DOTA 2, LOL, Valorant - Sportsbet.io discussion thread on: October 14, 2023, 11:27:27 AM
For me the surprise is LGD as i didnt expect to be at top in a group  vs Gaimin glad

Very  surprised  to see both the SEA  teams at bottom,historically  there is a always one SEA dark horse that shows up at TI and makes some big upsets.

Talon still has 4 maps to  play so i am hoping they can  get some wins in and progress to phase 2  Roll Eyes

LGD is already adjusted and back on top to their region while Gaimin is already struggling in the previous tournament so I will not be surprised if they will show slow start on this tournament. They still have a pretty decent standing so far but the second round will dictate whether they are just hiding strategy or they just can’t catch up to the new patch.

Team Spirit is indeed the heavy favorite now after they flawless performance on Riyadh Master. Watching TI is not the same fun for me without old teams like OG, Secret and Nigma(Kuroky). End of an era for the old teams which I’m following when I’m still new on Dota2.
547  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: October 14, 2023, 11:18:39 AM
My co-worker are into basketball and we are all betting and so far there’s no problem with our work and I think a good balance is advisable and if you think gambling is stressing you a lot and you are losing your focus because of gambling, then better to stop it now. Some companies are prohibiting this as well, so better to know your policy first before you gamble because you might lose your job just because of gambling, and that is not acceptable.
Quite alot of us are gambling at work at some point and have chosen gambling and working at the same time, and just as you have rightly said, as long as you do not allow your gambling activities to affect your official duties, it may be permissible in some workplaces.

But then also for some of us, gambling is based on just fun for us and at that we will only offer to spend our time while we already free from every other task for the day, we gamble and sleep, mostly on the weekend.

I believe on his case, his co-worker is not literally gambling and working at the same time since he is playing sportsbook which doesn’t need that much attention once place bets. Anyone can place bet quickly using minor breaks on work.

I think playing slot games at work that requires attention is what the OP doing that makes him distracted at work. I disagree that most of us here doing this kind of gambling at work. I will never do this because it’s forbidden at work. There’s a repercussion on doing this and caught since it will reflect on your resume that will make you harder to find jobs in the future. There’s a time and place to do gambling and that’s not on work for me.
548  Economy / Speculation / Re: Bitcoin Up Move Incoming on: October 13, 2023, 05:58:35 PM
Bitcoin is trying really hard to go above $28.5k but isn't being able to do that. It has tried more than twice, it went to $28.5k and now again it came down after reaching $28.2k which signals that $28.5k is becoming the new resistant and the market will now have to go across that area to be able to reach the least $31k which has been the most significant resistant this year which didn't let the market go anywhere above itself for more than 6 months.

So, seeing the current situation of the market, I also believe that Bitcoin wouldn't be able to go around $40k within the next two months and 3 weeks and we will need to wait to see what the new year brings for us, the starting of 2023 wasn't bad as Bitcoin went up almost $10k in the initial two months, but we can't be sure if 2024 will have the same positive vibes or not initially.

28K is the current strong resistance since Bitcoin keeps pushing back hard whenever it hits that resistance but on the positive side, 25K and 26K level is still doing a good job for being a strong support to absorb strong sell-off pressure after a strong resistance. Bitcoin sideways is getting thinner and thinner which means there’s a strong price action coming either both side.

I don’t want exclude the possibility of insane pump to Bitcoin since bull run always come unexpectedly and in short notice. With just one positive news, Bitcoin price can even reach a 100k level with just a month since we notice already how strong the bulls when there’s a real positive news backing it.
549  Bitcoin / Wallet software / Re: Need a mabile wallet that lets you import a single key and only use that key on: October 13, 2023, 05:01:23 PM
There are a bunch that let you import a key but the change transactions go to a different address.
Basically need an old school single address wallet.

Use the assigned private key on the specific address on your electrum wallet and import it to the wallet of your choice.

This is what I’m doing right now since iPhone doesn’t have electrum while I only want to use my specific Bitcoin address on my iPhone blue wallet. The only repercussion on doing this is you can’t do RBF on your transactions for whatever reason. But this is the feature you are looking for judging your explanation.
550  Other / Politics & Society / Re: Keep your crypto holdings secure!!! on: October 13, 2023, 04:45:59 PM
-snip

Probably this indian owner of lost Bitcoin is too gullible to click random link or put his wallet private key on unsecured place. Worst is he is storing funds on CEX while he should be using hardware wallets considering how huge his holdings in crypto.

With Hamas or not threat. Bitcoin holders should really be vigilant with their holdings since  this is the main purpose of being decentralized. We are on our own in securing our assets safety which is a double edge sword when you don’t have any idea on what is the basic security protocol for your crypto assets.
551  Economy / Gambling / Re: 🎲BetFury.io| 🤝Referral Program 2.0 | 💸Get $1 500 + 30% from Referrals on: October 13, 2023, 02:53:33 PM
Ok, ok, sure, let them talk. But maybe they should also discuss something else besides "how the the price is and why team isnt doing anything to get into long promised top100 cmc"? As these talks here seems to have no effect at all. If they are all investors, holders of huge amount of tokens, why dont they make a petition? Find owners and ask them on public when they gonna fulfil promises? Instead of adding 5-15 new pages of discussion same thing here?

What is the main issue here? Why the price was almost 4 cents, and now it is 2 cents. Just 2 cents, on a market that cant switch to bull from bear. On the market where every single altcoin lost 50-90% from ATH. Wonder how everyone gonna react when BFG updates ATH and finally reaches top100.

Yet you open again another price discussion topic with this post. The only none price discussion on this post of yours is the opening statement that you encourage to discuss other topic other than price.  Cheesy

Seriously, Your suggestion such as petition is nonsense since BFG token is a utility not a security token that only means the teams has no legal obligation to distribute profit to all token holders. The only thing investors can do about the price is to express their feelings on the social media channel which the team often ignore.
552  Bitcoin / Bitcoin Discussion / Re: Can CEX, institutional investors, whales, hinder or halt the growth of Bitcoin? on: October 13, 2023, 02:23:02 PM
I take it as a bullshit because the only way to control Bitcoin price is you need to own all Bitcoins, while FTX isn't own all Bitcoins.
It would have been nice to know how it was done or how they planned to do it, that is the plan they conspired on to keep the bitcoin price under $20,000 when they did not own all the bitcoins. It is not just possible that she said this if her and SBF had never discussed about this, so I do not totally consider it as a bullshit talk.

An insight on how they really planned to do it would have helped us understand more and better just how much power CEX, institutional investors and whales have.

Simple, They have customers money both Bitcoin and other stablecoins which they can us to open a position with margin since they have a complete control on their exchange. Typically other exchange just use the average price in the market which FTX that time provides one of the huge volume in the market.

They can simply counter all the whales that will push the price up on different exchange by dumping the price their own exchange. No single whale can beat an exchange that use the whole customer money on a trade war.
553  Bitcoin / Bitcoin Discussion / Re: Buying Hobby Bikes with Bitcoin on: October 12, 2023, 04:53:53 PM
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.


It’s a motor bike. I thought this just some mountain bike while reading the title.

A motorbike is not an investment since it’s value decreased overtime due to its parts getting old and loose once use. You already loss half of your money the moment you purchased your motorbike and drive it home because you can’t sell it back to original price. Investment is by putting money in to something which you expect profit in the future.

In your case, your motorbike is a liabilities because aside from its value is decreasing, you will spend a lot of money just to maintain it in a good running condition regularly. Simply it’s just you dream motor bike but not an investment at all.
554  Bitcoin / Hardware wallets / Re: Trezor Safe 3 New Hardware Wallet on: October 12, 2023, 04:21:03 PM
I just hope that they improve the screen durability. My last trezor suffer a small dot burnt on the screen until it got covered the whole screen to make it not visible already.

Is there any noticeable feature improvement on this version that is worthy to upgrade my Trezor Model T? This hardware industry is like gadgets now that keep releasing new version with just a little bit feature improvements. Next time we have pro max version for the screen.  Cheesy
555  Local / Pilipinas / Re: Educational plan sa Bitcoin o Insurance? on: October 12, 2023, 03:57:51 PM
Maganda ang insurance educational plan since mga professional fund manager ang humahawak at nagpapaikot ng funds ko sa stock market pero maliit lang talaga ang profit margin since safe trading lang naman sila at absurd naman kung kukuha ka ng educational plan na aggressive type since future ng anak mo ang nakasalalay dito. Sa Educational plan ay guarantee mo na ang final output ng investment mo ay more or less na dikit sa total investment meaning assured yung ipon mo pero kontin ang profit.

Agree ako dito as safe haven ng invest kung ikukumpara ang pagiipon sa banko na sobrang liit ng tubo tapos may risk pa na mahack ang iyong account kung sakali man na magkakamali ka sa pag entertain sa scammer.

Kanina lang ay naka experienced ako ng scam sa credit card ko. Ngayon kasi ang expiration ng card ko at may tumawag sakin na nagpanggap na sa Metrobank sya. Naconvince nya talaga ako dahil alam nya na naipadala na sa akin yung new cc ko tapos alam dn nyo complete info ko kasama na ang card number ng credit card ko.

Nalure nya na maibigay yung details ng cc ko dahil comfortable ako na galing sya talaga sa metrobank alam nya buong details ko pati yung arrival ng new cc ko sa address ko which binanggit nya dn. Nagsimula lang ako magduda nung kinukuha nya yung OTP pin para sa grab pay transaction na sabi nya ay para vouchers na icoconvert nya galing sa old cc points ko which is meron naman talaga. Binaba ko agad yung caal then search sa facebook dahil duda na talaga ako. Laking gulat ko na modus pala talaga ito dahil may mga naka experience din nito recently. Buti nlng at hindi ko binigay yung pin ko kaya hindi ako nakaltasan.

Gumastos ako ng 400php para sa new cc replacement as safety precautions. To make it short. Hindi na talaga advisable maginvest sa bank since sobrang daming danger at maaari ka talaga mabiktima since may insider information ang mga scammer na maaari na maconvince. Sa pagkakaalam ko sa insurance ay need in person iclaim ang funds at need ang policy kaya sobrang safe nito in terms of physical and digital attack. Nice thread
556  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 12, 2023, 03:36:42 PM
DCA is the best way for low income earners to acquire more Bitcoin.

I don't know if anyone else has different opinion about it?

DCA will helps you to your average price. Technically, it really help people to acquire more Bitcoin if we will compare on buying at higher price but having an extra income is the best way to acquire more Bitcoin since you will not get more Bitcoin without putting more money on it as your investment. DCA just average your buy price but it doesn’t increase your Bitcoin amount since you are just buying using your fiat.

Get a decent job that pay more. This will helps a lot to acquire more Bitcoin then apply DCA to have an average entry price to have a optimum profit once bullrun occur. DCA is not a game changer but rather your decision to continuously buy Bitcoin using your fiat.
557  Economy / Gambling discussion / Re: Don’t push playing more on: October 11, 2023, 04:10:08 PM
For someone with money to roll, taking a break is next to impossible. But it always depends on his decision-making.
Having control can be difficult for someone who has some funds to chase the losses. Up until he has no funds left, that's when he can finally think straight.  

Facts! It takes a lot of courage and self control for man with healthy bankroll to step away in gambling without getting anything after a full pack action of gambling. I find it hard to do in my experience because I deposited money that is already good for lose in exchange for profit on gambling. It will be easier for me to leave at lose than take a break after literally get nothing.

I think it’s a mature thinking what OP did since it’s his experience that teach him to come up with this self defense to avoid potential losses that happened to him in the past. But honestly, it will be very hard for me to do it in actual.
558  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 11, 2023, 03:33:42 PM
After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

Probably you didn’t know what’s the customary when winning a huge win. Probably the person who won the prize wants to enjoy himself the prize money and wants privacy because you will tons of requests asking for share on the huge profit since they are acquainted to you. It’s some kind of socializing to maintain good connection with the community.

I will the same if I win huge jackpot since your life might put into danger once you soak in on that spotlight since having a money comes with greater risk of being robbed.
559  Economy / Scam Accusations / Re: Scammed by LegendaryAccss on: October 11, 2023, 02:02:04 PM
Removing the first mistake that you committed which is to trust someone that is account seller here. I believe the most valuable lesson on your experience here is don’t deal outside the forum especially telegram. No trusted Bitcointalk escrow will deal outside the forum since their reputation was built here not on telegram. Dealing someone on the telegram including escrows is equivalent to trusting new set of user especially if they don’t acknowledgment the telegram account through the use of their Bitcointalk account.

This scam scheme is not knew either and there’s a lot of scammer keeps impersonating trusted user telegram here by changing some letters to make it looks like identical so it’s better to deal only inside the forum rather than the telegram.
560  Bitcoin / Bitcoin Discussion / Re: My first Bitcoin on: October 11, 2023, 07:31:34 AM
How about you guys, did you earn your first Bitcoin through services here on this forum? Are you mining or you bought it as well? Which crypto came to you first, is it Bitcoin or Altcoins? What are your Bitcoin source at the moment if you don't mind me asking?

I earn my first satoshi through the faucet. I’m not surprised that new member here will eye for signature campaign to earn Bitcoin since faucet earnings is not that huge anymore but in my time when I first discover Bitcoin, faucet earnings is huge in terms of Bitcoin so I’m always very eager to collect since I have a goal back then to earn my 1BTC which I collected in months of using a faucet rotator that time to claim multiple rewards in different faucet site.

I manage to purchase many things including significant things when Bitcoin first hit the 20K price during 2017 bullrun. I still have my first Bitcoin address but it gives me pain whenever I saw how huge my Bitcoin back then that I early sold due to my weakness on purchasing I desired which is now useless like my gaming laptop.
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