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2081  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: September 17, 2022, 08:43:08 AM
The tournament reward on Blackjack.fun is now working properly on whales because they are still few but what will be the case if there's more than 20 whale competing on top spot while the rakeback reward was only 1mbtc in exchange for there million dollar wager?

We are fellow Blackjack.fun supporters, Discussing this kind of topic for improvement is really awesome.

And I guess they'll keep changing the terms and conditions and the way bonuses are paid out.

Like you said, I play at other casinos too (actually not really, I play sports at other places, some dice at other places but casino stuff a lot of my recent wagering happened right here at BJF hehe) but as I said, that means I see how unrewarding it is at those other places.

I get a lot more here than I do other places and I'm NOT a while Smiley

GL to you, win more BJ!


I'm personally not much of a gambler, I play some BlackJack, some Craps, and sometimes Plinko during my lunch breaks in different casinos too, but there's something about BlackJack.fun that makes me return to the site. I don't get anything in forms of cashbacks, but it's the freebies from the wagering competitions! Plus it's not about how much you can get, it's about the enjoyment of voting for REAL WINNER, and supporting him in the chatbox. Haha.
2082  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 17, 2022, 08:05:04 AM
Germany is a country that have good resource, and economically good. This time it is suffering the worse with climate changes as well as more other financial difficulties. One amongst is the insufficient oil. This will make them think of moving into renewable energy production. Maybe this year the country will suffer, but in the future it'll be more effective as it doesn't want to depend on other nation for oil.


That's true, Germany does have natural resources available that scale from natural gas to coal, but is it enough to supply their population's growing energy needs? Are the policy makers making the right policies to actually use those resources and be independent from foreign countries for their energy needs? I'm not trying to disprespect Germany, and people from Germany, but the answer is "I believe not".
2083  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 16, 2022, 12:42:24 PM
Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?

I live in Russia, in the Urals (about 2000 km from Moscow). As for the economic situation, I can say the following:
1. Utilities (electricity, gas, heating, etc.) have risen in price by about 5% over the past six months. Gasoline at gas stations has not risen in price. Basic foodstuffs have not risen in price, there was a surge in prices in early spring, then prices rolled back after the strengthening of the ruble.

2. Significantly more expensive cars, a significant drop in sales, friends who wanted to change the car abandoned this idea.

3. Recently, the price of food for Royal Canin cats, which ate my cat and cat (British and Scottish breed), has noticeably increased (by about 50%). Many types of new pet food made in Russia have appeared on the market. I consulted with a familiar veterinarian, she advised a good domestic food, my pets approved of it. In terms of money, food is slightly cheaper than Royal Canin before its sharp rise in price, that is, my budget for keeping animals has not changed.


That's good for your people that basic necessities' prices are stable. The luxury cars, that can wait until the situation gets better. Haha.

Plus your cats are happy, that's good!

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4. I smoke cigarettes from farm tobacco, I used to buy French paper and filters for cigarettes from Mascotte. Recently, they have also risen sharply in price (by about 50%), I switched to Polish filters and Chinese super-thin paper, at a price they are about three times cheaper than French ones. The quality of the paper is the same, Polish filters are slightly worse than French ones, but not fundamentally.

5. Apple equipment, which is now imported into Russia under the parallel gray import scheme, has risen in price very much. But there are options, for example, a macbook pro on an m1 max chip with a 1TB ssd costs about 800 thousand rubles (about 12 thousand dollars) in Russia, a friend recently bought a new unpacked macbook pro for 250 thousand rubles, which was made for the UK market and imported into Russia through the United Arab Emirates. Laser engraving of a Russian keyboard costs 1,000 rubles.


I believe it would be the best opportunity to quit smoking tobacco, you can save more money to buy Bitcoin. Cool

The Apple products, you can also live without them, just like the luxury cars.

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In general, the economic situation is stable, if some European goods rise in price sharply due to sanctions, there is a quite adequate and budgetary replacement. It looks as if Western manufacturers are losing the Russian market due to their own sanctions, and their place is being taken by domestic or Chinese goods. My opinion is that the Europeans believed too much in the power of the brand.

There are no protest moods in Russia, Putin has a very large credit of trust among the population. There is no systemic opposition in Russia.


OK, then the things I heard about a conspiracy against Putin might only be propaganda.
2084  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 16, 2022, 12:09:18 PM
I believe we should readjust our perspective, and viewpoints on Bitcoin to be a hedge against debasement, and as a hedge against what the cabal behind the Federal Reserve and other Central Banks around the globe could possibly do, not a financial hedge. The market for Bitcoin is connected to the legacy market because it is traded against fiat, BUT the distribution of the currency, its supply, and the network itself is absolutely independent.
2085  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? (Position closed, half price) on: September 16, 2022, 05:56:00 AM
If during the next bull market cycle happens in 2024, a small capital of $500 used for x3 to x5 leverage, and compounded and done with the correct rotation of trading profits from Bitcoin, to "acceptable/safer altcoins", to shitcoins. OP might find himself with more than $50,000 after the end of the cycle. That's if we assume that all of the trades are with "perfect timing". Roll Eyes

In order to expediently use margin trading and leverage for such long distances, you need to open deals after the end of the global bearish trend, and not inside it. The bearish trend is not broken yet, we are inside the down price movement and the risk of the price falling below $18,000 is still too great.


Because of Bitcoin's volatility, and because of the risk of x3 leverage, that's probably with an assumption that you have gotten very lucky and did a "perfect timing" on the trade. But as plebs, we have already known that these are not very easy trades to do. It's probably easier to do during a bull market, but with leverage, debatable. You're giving the exchanges an opportunity to liquidate you.
2086  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: September 16, 2022, 05:28:46 AM

Plus is BlackJack.fun still blocking withdrawals without KYC?
Who says they are blocking withdrawal without KYC? KYC is triggered for only very few users due to valid reasons.


I thought someone in the topic said that he could not withdraw his $150.00 in Bitcoin, and he was also banned from that chat-box? But OK, it must something valid that triggered it.

Plus Real Winner is currently playing NOW! Vote for him in the wagering competitions, and the biggest bets, and the biggest wins to get some free spins! He'll surely win them when he plays long periods of time.
2087  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? (Position closed, half price) on: September 15, 2022, 11:03:25 AM
Leveraging on 3x is very conservative like you've noted. It's almost like doing it the spot way. My thinking is embedded in the African saying – If one wants to eat frogs, one should eat the very rotund or plump ones so that one can thump one's chest when called a frog eater. If one wants to trade Futures, one should take the risk and not be lily-livered like a sissy. Lately, I'm beginning to develop interest in Futures trading. I play around 10x to 20x and it's not even of too much risk, provided there's always a SL to cushion any downside. Again, there's also that display window for liquidation level. So, it's not as if the risks are hidden.

I wouldn't call x3 leverage conservative. Rather, it is already an above-average risk. The conservative risk is 1% of the amount of your deposit, this is often stated in various textbooks on investing and trading. But it is worth noting that we are talking about derivative risk, and in derivatives trading we cannot sit in the market forever, unlike spot, as we have a level of liquidation that can eat up our entire position. And in general, margin trading and such a word as conservative cannot exist together in principle. Cheesy


It's truly gambling, BUT it's their money. If during the next bull market cycle happens in 2024, a small capital of $500 used for x3 to x5 leverage, and compounded and done with the correct rotation of trading profits from Bitcoin, to "acceptable/safer altcoins", to shitcoins. OP might find himself with more than $50,000 after the end of the cycle. That's if we assume that all of the trades are with "perfect timing". Roll Eyes
2088  Economy / Gambling / Re: Punt.com 🦵💸 | Crypto's Finest Casino | 🚀 🎰 🎲 🔥 on: September 15, 2022, 09:36:20 AM
What other dice games does your site have? Does it have Craps by Evolution. I believe Craps from Evolution is the best of all from a UI/UX viewpoint. Please have it and spread the good word of Craps. Someday maybe we plebs can play together in a Craps tournament. It's a very good dice game that requires the user to use different betting strategies.

There is a search bar in the casino, you can use it to search the game you are looking for. Simply put the name of the game or keyword and you will see whether the game is available or not. Here is the result when I search for "CRAPS":



Is this what you are looking for? Anyway, I'm not familiar with craps and I also thing that it is not really popular game in this forum. Never seen any craps contest/tournament before and it is also rare to see discussion about this game. I doubt that it will be a good decision to create craps tournament because of its low popularity.


It's not very popular in the forum, it's probably because I'm the only one who's taking the time to learn and play it. Hahaha. It's really a good game if you want something like a dice game combined with something like a card game that requires a little strategy like BlackJack, but none from the psychological side like poker. Everyone should learn, https://www.youtube.com/channel/UCPZ2kcfmtAhnf_RVc9fZzNA

I was using my phone to search.



To celebrate the launch of Punt.com, we are currently offering 0% Commission on our Provably Fair Player vs. Player Dice Duels! This is completely unprecedented. There is no code needed to take part. Enjoy!  Smiley

-Punt Management

This might be a good concept, this Dice Duel idea of yours. You could also probably have a Dice Duel tournament for the Bitcointalk gambling community as a celebration of your first month in the forum.



What other dice games does your site have? Does it have Craps by Evolution. I believe Craps from Evolution is the best of all from a UI/UX viewpoint. Please have it and spread the good word of Craps. Someday maybe we plebs can play together in a Craps tournament. It's a very good dice game that requires the user to use different betting strategies.

Thank you for the suggestion! We can most certainly look into having Dice Duel tournaments exclusively for Bitcointalk members! Also, we do indeed have "Craps" on Punt.com! Smiley

-Punt Management


Craps is a good dice game for tournaments too, like BlackJack.
2089  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 15, 2022, 06:29:02 AM
I am really curious why this is happening, the dumps when the inflation report is released, maybe there are just some panic sellers who are FOMOd because of the report.

It's very simple: with the report, even more aggressive rate hikes are expected.

Some are already talking about 9%:

'Investor Mark Mobius says US interest rates could peak at 9% if inflation keeps rising. "So you have 8*% CPI. That means you have to have 9% interest rates," said Mobius, who co-founded Mobius Capital Partners after spending more than three decades at Franklin Templeton Investments.'

Mobius Sees Fed Rates as High as 9% If CPI Keeps Rising

Even without reaching that level, the most likely scenario is that rates will continue to rise, which means less money in circulation and people will have less money to invest. Investors are therefore anticipating events: they see a pessimistic scenario for financial assets and act accordingly. The news affected everything. Markets in general, not just bitcoin, for this very reason.


The inflation is sticky in the U.S., therefore the Fed might have no other choice but take a path for a "hard landing". Interest rates may be raised to levels unexpected, more tightening by selling back U.S. treasuries, and on the government side, more taxes to get more money/liquidity out of circulation. We will not like it, and it will put more tension on the market, and that might make it crash again. BUT save what you can save today, it will be another golden opportunity to Buy the DIP, and HODL.
2090  Bitcoin / Bitcoin Discussion / Re: BTC dumps on high inflation report.. on: September 14, 2022, 12:10:50 PM
Important report comes out that inflation is pretty bad (USD)..

Bitcoin dumps off a cliff..

This is the exact opposite of what Bitcoin is supposed to do..

Has Bitcoin strayed too far from its purpose?


It's not actually inflation that's causing Bitcoin's decrease/fall in price. It's the actions of the FED against inflation which is causing a recession. The FED is tightening and raising rates, pulling out liquidity from the economy, which lowers demand and causes a bear market.

It may be a mistake, my mistake, to say that Bitcoin is a financial hedge against inflation. Because it might not be financial. The more I understand, I believe Bitcoin is a hedge against the cabal behind the FED. If they break the current financial system with all their policies and manipulation, Bitcoin will remain and keep chugging along producing block after block.
2091  Economy / Gambling / Re: Punt.com 🦵💸 | Crypto's Finest Casino | 🚀 🎰 🎲 🔥 on: September 14, 2022, 08:26:07 AM
To celebrate the launch of Punt.com, we are currently offering 0% Commission on our Provably Fair Player vs. Player Dice Duels! This is completely unprecedented. There is no code needed to take part. Enjoy!  Smiley

-Punt Management

This might be a good concept, this Dice Duel idea of yours. You could also probably have a Dice Duel tournament for the Bitcointalk gambling community as a celebration of your first month in the forum.



What other dice games does your site have? Does it have Craps by Evolution. I believe Craps from Evolution is the best of all from a UI/UX viewpoint. Please have it and spread the good word of Craps. Someday maybe we plebs can play together in a Craps tournament. It's a very good dice game that requires the user to use different betting strategies.
2092  Economy / Gambling / Re: Blackjack.fun | 0.28% House edge | Live tables | Baccarat |Slots| InstantWithraw on: September 14, 2022, 08:10:50 AM
1mbtc weekly bonus is equivalent to my rakeback at other casinos so for me this is enough
but what about high rollers? surely they want rakeback they won't expect 1mbtc every week
for this reason in the future Blackjack.fun should consider the rakeback feature.

Weekly wagering contest is not bad since the final pot to be divided between players is 0.4 btc ! But it's seriously hard to achieve a decent win here since there are players wagering heavy amounts each week Sad
by the way such initiative are admirable and I like a lot that admin is keeping changing this revenue trying to find the right alchimia Wink that could fit with business & player fun !


I believe it was quite achievable for those people who have enough amount of capital to play, actually farm, the games for longer periods of hours a day, then just breaking even. But it could be currently harder after BlackJack.fun removed some games allowed in the wagering contest.

Plus is BlackJack.fun still blocking withdrawals without KYC? I want to play, but I don't want to KYC for a small amount. I deposit $50.00, lose some to $20.00, hot-headed because of a $30.00 loss, then I decide to withdraw before I lose the remaining balance. Haha.
2093  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? on: September 14, 2022, 05:13:16 AM
For this month? I believe not, unless there's a Black Swan.

What could that Black Swan possibly be? Perhaps something like Russia using nuclear weapons on Ukraine, starting a European War.

You can think war could lead to the fall of bitcoin, but what if it leads to the rise of bitcoin, people can see bitcoin an alternative to bank. Although, I do not know what can during during war, but if mining is not affected, possibly the price if bitcoin may rise.


Debatable, because European War with a possbility of nuclear weapons use would bring uncertainty to the markets, ALL markets including Bitcoin. If there was a pleb who truly believes that Bitcoin would not be affected by inflation, it's me, but I was wrong. Inflation brought uncertainty and bearishness towards the future.

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Risking $1,000 to win $750? If you don't need your $1,000 for anything else, Buy and HODL. The next Bull Cycle will print like the Bull Cycle during 2015 - 2017. Remember this post.

This is not about holding discussion. Because you are a day trader, does not mean you are not a swing traders. Also because you are a swing trader, that does not mean you are not holding or planing to hold. See this as a speculation about bitcoin price in September. We all know that all-time-high would one day come. Bull run by 2024 is coming, but this is not what this thread is all about.


I was merely suggesting something for OP, ser. Agree or disagree, take it or leave it.
2094  Economy / Speculation / Re: BTC Sentiment Poll for September on: September 13, 2022, 10:27:51 AM
The price is guaranteed to go back under $20k before the end of the month. Easiest poll of my life.


It will? WHEN? That would be another golden opportunity for us plebs to Buy the DIP, and HODL like it was Christmas. It's not everyone who has unlimited fiat, and who can DCA consistently. We plebs need to be more efficient with our capital. Plus the mental stress to HODL a loss is not for everyone. Cool
2095  Economy / Trading Discussion / Re: Going 3x this month for swing trading worth it? on: September 12, 2022, 10:47:24 AM
Future trading is extremely risky.

This is just a trading discussion and not an advice for anyone to follow. If following it, use the amount of money you can afford to lose. But I think this could be profitable.

Assuming bitcoin is at $20000
Going 3x leverage in long position
That means the iquidation price would be around $14000

Noticing a strong support at $20000, the market is not that going dip further, but we have just entered into the month of September, we do not know what the price of bitcoin could be at some point in the days to come before the end of this month.

Assuming using $1000 for swing trading, but leverage 3x in long position, the liquidation price would be around $14000. Can bitcoin dip down below $14000?


For this month? I believe not, unless there's a Black Swan.

What could that Black Swan possibly be? Perhaps something like Russia using nuclear weapons on Ukraine, starting a European War.

Quote

What could be the maximum bitcoin price this month? I am thinking bitcoin could go up to $25000 again this month. What do you think


$28,000. It's SURGE-SEPTEMBER ser. Cool

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The result, if bitcoin reach $25000, from $20000. if using $1000 as trading fund.
If bitcoin increased to $21000, the profit would be around $150
At $22000; the profit of $300
At $23000; the profit of $450
At $24000; the profit of $600
At $25000; the profit of $750

But if it is the other way, so it is the unrealized loss until liquidation at around $14000.


Risking $1,000 to win $750? If you don't need your $1,000 for anything else, Buy and HODL. The next Bull Cycle will print like the Bull Cycle during 2015 - 2017. Remember this post.
2096  Other / Archival / Re: WasabiWallet.io | Open-source, non-custodial Bitcoin Wallet for desktop on: September 12, 2022, 10:31:25 AM
You're right, there are no "guarantees", but nopara73 also can't just wait for a government agency to sanction WasabiWallet, and have the police come to his home and arrest him. He accepted the trade-off to keep Wasabi's pool "untainted", and probably hope that he doesn't get arrested.

I feel like you are trying to justify the wrongdoings of the Wasabi team


Ser, you do know that Wasabi's coordinator is CENTRALIZED, right? We have the right to criticize, and have our own personal opinions about, but the point is it's a centralized service that decided to accept the trade-off.

If ChipMixer, a centralized service, also decided to accept the trade-off, it would personally be OK for me, because I accept that being a centralized service, they have their own right to decide which path to take the service to the future.

Quote

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But he only had two paths, shut Wasabi down, or block tainted outputs. He chose to block tainted outputs.

He could have handed over the project to someone else (it is open source after all) who is not under the same possible threat so that they could continue the project. Or at the very least they could introduce more decentralized option into the project and most importantly be clear about the anti-privacy things their own coordinator server is doing.
Guess what, if they did that they would have stopped making money!!!


He could have.

Other  developers could also fork the coordinator without the filter.
2097  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 12, 2022, 05:47:06 AM
Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:




I believe it won't if Russia doesn't stop. The cause of all the destabilization is the effect of Russia's war against Ukraine, and the U.S.A's reaction with the help of Germany and other European countries. The next action by the U.S. and its allies to await for is if they declare a broad embargo on Russian oil, gas, and other energy exports. If you read history, what started World War II was an embargo by the U.S. on German Oil.

The fact is that nothing depends on Russia. Believe me, what Russia is doing now is premortal convulsions. Russia has chosen for itself the path of an outcast country, this is half the trouble. But she is an international terrorist, and she will not be forgiven for this ... Remember "Greater Germany. Great Reich" ... But Russia is a pathetic parody of Germany of that period. The "Second Army of the World" is now running with tantrums and crap pants, throwing equipment, documents, wounded and killed, from the Armed Forces of Ukraine. There was complete confusion at the headquarters, there was no army left as such, capable. And a large territory, 100 million bodies degraded and damaged by total false propaganda, the weapons of the last century - if not greatness, this is a collapse ...


That's simply not true. Russia is one of the largest exporters of Oil and Natural Gas. It's also one of the major exporters of industrial metals, and fertilizers. That's why the current inflation we're experiencing is unique because it's both caused by the demand side and the supply side.

Quote

PS Also, I do not exclude that in the coming days, weeks, months, there will be an internal coup, I do not exclude that the military, the generals. It is their idiot Putin and his girlfriend Patrushev who are trying to make them guilty for the failure of the "special operation". And the generals will be glad that Russia is cut into small pieces, and they are put in these pieces as "temporarily exercising power." They will introduce external control, for example, the USA / Britain / Ukraine. And all the resources of "great Russia" will go to pay reparations, and will cost a penny.


What's your estimate of an internal coup happening in the coming days/weeks/months?

Plus who in Bitcointalk is actually living in Russia right now? Is there support for Putin, or are the people becoming discontented by the economic situation?
2098  Economy / Economics / Re: BITCOIN IS NOT A STORE OF VALUE on: September 12, 2022, 05:19:09 AM
_without gold and silver, all electronic equipment wouldn't exist = bitcoin would not exist. Computers, phones, tv's, etc ALL require silver and gold to be manufactured.
I disagree with you. It is not all electronic equipment are made up of silver or gold. I do not think anyone has seen bitcoin physically except the digital copy. For that, bitcoin would have existed without those two liquidity. I have seen a TV that made up of wood, although the screen, the panel and cables are made of other materials, probably those parts of the equipment we're manufacturered by silver and gold but not sure. Bitcoin, silver and gold all these liquidities have their value before human so if you compare them you might waste your time. All have their own value in life. Value is added to bitcoin when the peer to peer demand is very high and at that process the price of bitcoin will be very high therefore at point of the trading the price of bitcoin will be high for the benefit of all. Though everyone thinks different way on bitcoin. As it is noe, bitcoin has more values among the three things I mentioned..


He was merely making a debate that a commodity's utility as a value proposition is what's giving it its value, therefore making it an ideal Store of Value. Bitcoin has its own value proposition too. Censorship-resistance. It's what's giving it it's utility as an ideal Store of Value for the internet. Bitcoin as a Store of Value has its pros and it's better than their Gold, their Silver, or their other valuable metals like Platinum as an unseizable form of money.
2099  Economy / Economics / Re: Germans are looking to firewood for energy as natural gas prices soar on: September 11, 2022, 11:17:15 AM
Everyone calm down, everything will stabilize. And oil and gas started a downward trend!

Dynamics of natural gas prices at the TTF gas hub:




I believe it won't if Russia doesn't stop. The cause of all the destabilization is the effect of Russia's war against Ukraine, and the U.S.A's reaction with the help of Germany and other European countries. The next action by the U.S. and its allies to await for is if they declare a broad embargo on Russian oil, gas, and other energy exports. If you read history, what started World War II was an embargo by the U.S. on German Oil.
2100  Other / Politics & Society / Re: High inflation is causing GLOBAL protests on: September 11, 2022, 08:32:01 AM
Inflation is certainly a serious problem in the economy widely for the country, many countries that become bankrupt and the initial sign is inflation, the latest is Sri Lanka, inflation is uncontrolled and makes the purchasing power significant so as to make production and distribution does not work.


There some protests starting in Bangladesh as well, and it's going to spread wider and further to the other regions of Asia. If in developed regions, like Singapore there are protests, that translates that there's something extraordinary happening in the world. I believe as a safety measure, it's a good suggestion to buy the Bitcoin DIPs, and HODL.

Plus if many of you don't know the severity of inflation in Europe,

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