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341  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 25, 2024, 05:16:49 PM
Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool



However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving.


Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen?
342  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 25, 2024, 04:40:19 PM
But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.

Fair enough.

Regarding this part about such people "hating bitcoin", I'm not so sure. It is a possibility but it may also be that they just see Bitcoin as another tool to fill their pockets. Right now it benefits them to spread FUD about it and it could change in the future.


But why FUD it? At the very minimum start a reasonable debate, not a stupid, misinformed statement saying that SATASHI will come back and either increase or erase the supply.

Quote

Remember Musk? He did this in reverse. It benefited him to praise Bitcoin while it was going on and he had a stake in it and was making profit but when the profit stopped and he wanted to exit, he started spreading FUD. Then he did the same with a shitcoin called Dogecoin and made some money there too.

I'm almost certain that if JPM were allowed to open bitcoin accounts (like they do bank accounts) for customers and they saw a profit there, Dimon will start praising Bitcoin. After all it is all about making money for this type of people.


Tesla still holds 9720 Bitcoin, https://bitcointreasuries.net/

I believe Elon Musk's "FUD" was done because he owns an electric car company with a vision to use clean sustainable energy. He was probably trying to save the company from a public relations issue.
343  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 25, 2024, 04:45:07 AM
Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12.

https://bitcointreasuries.net/entities/50

I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no?

As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL. Cool
344  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 25, 2024, 04:27:52 AM
It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis
Did he really? As far as I know the government had to bail the banks out because if they hadn't the banking system and their own economy would have fallen apart. Maybe he is really smart to run such an elaborate scam and get away with it Wink


You may be right, but lt's still a fact that, under his leadership, Jamie Dimon helped two financial institutions become the largest banking and investment operation in legacy finance. THE actual point is he's not a stupid person with below-average intelligence, and that might be not debatable. I'm also merely being fair, and we should always be giving people the benefit of the doubt. Bitcoin Cash SV flat-earthers are probably the exception.

But does Jamie Dimon hate Bitcoin? YES because the "idea of Bitcoin" is a threat to legacy finance. Is he stupid in anything about Bitcoin? YES, this man is absolutely misinformed.
345  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 24, 2024, 11:30:10 AM
Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯



If he is really as intelligent as you think he is, for what reason has he been making statements about Bitcoin for years that are not exclusively negative, as is the case with Buffett, but more like the statements made by a man who can't even understand what Bitcoin is and what is the purpose of existence the same?

From my perspective, he doesn't look like an intelligent person, but I leave it to everyone to think what they want about such people. I have never admired or envied them for what they do in life, and I always wonder about people who are involved in Bitcoin, and at the same time they care what people like Dimon think - Satoshi invented Bitcoin precisely to be an alternative to banks and to the people who manage them.


That's the irony, and if you try to get the context of my posts, I'm definitely more confused than you. "How could a man so intelligent be so misinformed about Bitcoin"?

Plus about the ETF's approval, I believe it's not about whether the banksters think it's a, OP's word, "fraud" or not. It's probably because they need to. Because Bitcoin is a threat that they can never terminate, what will they do? They will attempt to control it and keep it under their custody.
346  Economy / Gambling / Re: Which Casino and Sportsbook have the best UI? Which others can improve? on: January 24, 2024, 08:47:23 AM
Majority of the sites have a similar looking UI and Stake was the one which came first in this aspect, most of the recently launched casinos have followed suit.


They have the same software provider, but the casinos use different skins and have different implementations. I'm not being biased, but IN MOBILE if you go to both sites, and compare Stake and Shuffle, it's obvious that they use one software provider, and although Stake has moderately a better UI, Shuffle has better implementation because you do less taps to use it compared to Stake. Try it.

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The site blackjack.fun has a psychedelic look which reminds me of vaporwave and I appreciate that a lot, at least someone tries to stand out.

Unfortunately UI is only for looking good, the inside matter needs to be good to be able to hold on to the players/customers. A good UI will bring in players but if the withdrawals/customer service/promotions are bogus, they will not stay for long.

And we all know that casino profits from its regular players not the one offs.


It's the color. It's black and that probably scares the newbies?

¯\_(ツ)_/¯
347  Economy / Gambling discussion / Re: Transparent dices ? on: January 24, 2024, 08:34:01 AM
I think it won’t make a difference if the dice is transparent or not if you can spot a bad dice when you try it. A professional gambler would see through it right away. They probably do this just not to spook the newbie players. Since these people have no idea what they are doing, they will feel safer when they play with a transparent dice. It makes sense for the casino too because they make their money mostly from the newbie gamblers. Pros are pros because they know how to win against the house and the casino owners hate them pros.


But the casino already has the long-term edge over ALL their customers. Are you suggesting that they should employ cheating to increase their profit-margin? I believe that would be very stupid unless the "casino" is unregulated and run by frauds. A legitimate casino run by actual business people would never risk the business because they already know their edge. Plus taking the risk of getting caught, going to prison, and destroying one's reputation for short-term gain will never be worth the higher profit-margin.

Another viewpoint, the casino would be taking their customers' money much faster which could discourage them from coming back. Hahaha. The strategy should probably be, "Let them feel like winners sometimes". Cool
348  Economy / Gambling / Re: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token on: January 23, 2024, 06:40:32 PM
Nice to hear that you listen to member's suggestion and implement it quickly by having tournament to get entry for the 20k poker night.

Although the tournament is actually not that friendly for Asian players because it will start in the midnight, but at least you try to give chance for your players to participate in the 20k poker night.

I'm wondering how much would be the "cash prize" for the free tournament and how many players will win the cash prize, is it limited to 5 winners only which is the same as the number of free tickets for the 20k poker night tournament?

Obviously there will be no cash prize. It will be a freeroll rewarding five of the players who finish from first to fifth place. And because the tournament might not reach 300 people, the maximum number of registrants, it will definitely improve the players' expectation to reach those places that qualify you to the Super High Roller Tourney.

Good luck to the users of Bitcointalk. I would like to try my luck, but I haven't reached the prerequisite of $5,000 total wager requirement yet.


I'm referring to the previous post by camshuffle, it is written in the image "+ cash prize" as shown below:


As well as written in the previous post:


The top 5 players will have a seat to our $20k SUPER HIGH ROLLER TOURNEY, and cash prizes for their efforts!


What does it mean as per your understanding so you say that there will be no cash prizes for the free tournament?
Is this cash prize refer to the main 20k tournament? I dont think so, as he would not say + cash prizes if it is something available in the 20k tourney.

As per my understanding, the top 5 players will get both a seat/ticket + cash prize.


I merely did a quick browse the first time and the first impression I had was that the "+ cash prizes" would be in the Super High Roller Tournament, not in the freeroll. But because the freeroll is accepting only those players that have reached a lifetime wager of $5,000, you're right and it makes sense. Pardon my mistake.
349  Economy / Gambling discussion / Re: Transparent dices ? on: January 23, 2024, 05:55:35 PM
OP, if the casino in your area is legitimate and regulated by a gaming control board, we could be very sure that the dice they use would be made of high-quality materials, with sharper edges than a regular dice - which are supposed to make rolls more random.

But if you notice that the casino is using dice that look like they're merely taken from a board game, then you should definitely avoid playing there. Or ask the dealer if he wants to play Snakes and Ladders. Haha.
350  Economy / Gambling / Re: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token on: January 23, 2024, 05:35:45 PM
Theres 300 max players in the free to enter tournament, first 300 to register get a seat. Game is this Saturday the 27th, 4PM UTC. I'll post registration link here half an hour before it goes out on our main twitter.

Nice to hear that you listen to member's suggestion and implement it quickly by having tournament to get entry for the 20k poker night.

Although the tournament is actually not that friendly for Asian players because it will start in the midnight, but at least you try to give chance for your players to participate in the 20k poker night.

I'm wondering how much would be the "cash prize" for the free tournament and how many players will win the cash prize, is it limited to 5 winners only which is the same as the number of free tickets for the 20k poker night tournament?


Obviously there will be no cash prize. It will be a freeroll rewarding five of the players who finish from first to fifth place. And because the tournament might not reach 300 people, the maximum number of registrants, it will definitely improve the players' expectation to reach those places that qualify you to the Super High Roller Tourney.

Good luck to the users of Bitcointalk. I would like to try my luck, but I haven't reached the prerequisite of $5,000 total wager requirement yet.
351  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 23, 2024, 02:50:18 PM


It's a fact that China's domestic demand alone can't support the whole manufacturing sector.


We're getting closer to the point of finding out this, I'm living in Europe so the experience might be different from the US but lately a ton of cheap stuff in the chain stores no longer comes from China, it's mostly South East Asia, the trend is pretty obvious with clothes, I don't think I've ever seen so few chinese products,  just India, Bangladesh, Indonesia even Egypt and weirder than everything Mexico! Same for all that cheap plastics stuff, till last year I don't think I've ever seen something made in Philippines in a store for all my life!


There's also that, a competition against China for cheap labor. But it is projected that India will slowly start taking over China's place as the world's dominant manufacturing factory/production hub. That's because of India's increasing population, increasing abundance of skilled labor, and their growing economy.

Plus China's population is getting older, and therefore the number if skilled workers get old too and decrease. ¯\_(ツ)_/¯

China might also start mobilizing a stabilization fund/rescue package to provide liquidity and save its stock market from crashing. It's either they will turn on the Yuan-Money-Printer, or get it from state-owned companies.

https://www.businesstimes.com.sg/international/global/china-weighs-stock-market-rescue-package-backed-two-trillion-yuan
352  Economy / Economics / Re: China’s Debt-to-GDP Ratio Rises a Record of 286.1% on: January 23, 2024, 11:13:33 AM
Note!!! that this is from data published by the CCP, so probably 386% might be more accurate


Double that. Haha.

Quote

I'm pretty sure that some even after readying the title are already typing something about the US debt so keep the shitty low effort propaganda whataboutism out of this:

Stick to the topic and leave the frustration of having a green card rejected somewhere else!
I know it's a pain for some who wake up ten times at night to check if the de-dollarisation is happening to read stuff like this, but again, this is reality!


Actually, if the United States' economy is under a worse condition than China's economy, then those people who debate that China will become the next dominant economic super power should be no stranger to the fact that what's bad for the U.S. economy will absolutely be bad for the Chinese economy. Why? Because the U.S. is China's biggest customer for Chinese exported/manufactured goods.

It's a fact that China's domestic demand alone can't support the whole manufacturing sector.
353  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 23, 2024, 09:01:58 AM
The DCA method is again the most preferred because investing in the DCA method is likely to achieve success. The regular DCO method helps an investor own the large asset Bitcoin. And DCA method depends on how an investor can invest, weekly, monthly investment will bring quick success of investment because if bitcoin is invested every week then there will be a lot of savings in terms of price. And it is possible to be successful in long term investment, if you act according to your advice it is definitely possible to be successful.

The DCA method may seem simple to follow but I reality, it require a lot of discipline. Just like every other thing that involves money, emotions will always be engaged in the DCA method so care must be taking to avoid yielding to pressures even while applying the DCA method.

Some of the temptations that can come up include but not limited to the pressure of trying to sell when the portfolio becomes too big. There is a way the money will grow and we begin to imagine what we could achieve with it, this is where the temptation of selling come from.

Furthermore, I have seen a case of someone using the funds for DCA in buying something else. His emergency fund got exhausted and he needed more money for his needs. This is one of those things that can come up even when you think you have got everything planned out.


That's very VERY true no matter what path you're following, whether it's DCA, Buy the DIP, or a hybrid of both. For us plebs with limited capital, it's much better to be more efficient with our money and take advantage of the opportunities during discounts.

But many individuals always say, "But the DIP always goes lower". That's true, but you'll definitely get more units of Bitcoin by purchasing it at $39,000 than at $45,000.

Plus if you're the emotional sort of person, HODL your Bitcoin in cold-storage in an offline computer. That would a few extra steps for you to sell your Bitcoin in case you panic and it will stop you from selling.

 Cool
354  Economy / Speculation / Re: Buy the DIP, and HODL! on: January 22, 2024, 02:55:35 PM
These institutions have a growing treasury of Bitcoin in their vaults, https://bitcointreasuries.net/

In this topic, I will sound like a broken record/an insane person who will keep repeating this same advice over and over. Don't let the institutions front run you, YOU front run them. Buy the DIP, DCA, or both. You do what you're comfortable doing, but the important thing is to HODL those coins in cold-storage and never let the institutions get them from you. Probably give them a very small amount for the right price. Offer some for seven digits. Cool

That sounds more like it... HODL the coins and "don't let the institutions get them". Such statement is testament to the fact that Bitcoin will be a great commodity in the future hence the need to take our Bitcoin accumulation seriously while guarding the asset jealousy. 

Even when we don't know with certainty what the future holds for Bitcoin, it is our expectations that it will continue to gain the approval of people and big institutions even while efforts are also made to create use cases that are in consonance with the expectations of many and the very essence of its creation.

I will be more than happy and proud to know that I'm part of a revolution that will transform lives, offer solution to real human problems and indeed make a rapid improvement to ways of doing business across the globe.


You say they're mere "expectations" like anything positive mentioned about Bitcoin are empty words. But if a person tried to read, learn, and understand how the network actually works, he/she would never say that Bitcoin's future is based on expectation. Bitcoin doesn't hold an "empty promise".

It's a practical solution to the Byzantine Generals' Problem, which I believe is a challenge that was taken very seriously by computer scientists who worked on distributed systems.
355  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 22, 2024, 02:37:38 PM
If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

People in high positions do not necessarily have to be intelligent, because they do not come to such positions because of their expertise or intelligence, but because of that they are eligible according to certain criteria. There are a lot of people who can be called "useful fools" because they serve a purpose and nothing more.

An intelligent person can understand something that is very easy to understand and factually provable to anyone with a bit of common sense. The question is, does he even have the intelligence you are talking about or is he just one of those "useful fools" who says a lot without even being aware of what exactly he said.


Placing personal biases aside, I believe it takes a very intelligent individual to become a CEO of a medium-sized financial institution at the age of 30, help save it from failure, and through a series of mergers and acquisitions, turn it into the largest financial institutions during that time called Citi Group.

Plus he did it again under his leadership in J.P. Morgan. That's why it's very laughable that this person, who obviously has above-average intelligence, could be very misinformed and stupid.

¯\_(ツ)_/¯
356  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 22, 2024, 08:30:48 AM
Jamie Dimon said many times that Bitcoin is a fraud.


He is making money. Millions and millions.

Do you think he is not making money from bitcoin? Then you are a fool. Just because he doesn't like bitcoin, doesn't mean he is not going to make money from trading bitcoin. When there is money to be made, it will be made and JPM is very good at playing this game.


If you ask me, it's not about whether Jaime Dimon hates Bitcoin or not, or whether J.P. Morgan is making money from it or not. It's how misinformed he is about Bitcoin, and he talks as if he knows or understands how the system works. He's an intelligent man, and if he could set hubris aside, I believe he would respect what the protocol is trying to do technically although knowing that Bitcoin would eat through centralized financial systems.

Quote

Quote
JPMorgan Chase & Co. is an American multinational financial services firm headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States and the world's largest bank by market capitalization as of 2023.
https://en.wikipedia.org/wiki/JPMorgan_Chase

That guy may have said that to manipulate the markets. You'll never know what his real intention was.


Perhaps, then would he say positive things about Bitcoin to manipulate the price to surge up?
357  Economy / Gambling discussion / Re: Does it bother you when dealers change during play? on: January 22, 2024, 05:49:56 AM
Quote

Does it bother you when dealers change during play?


That depends on who's going to be the next dealer. Hahaha. In the Live Craps games in Evolution there are about eight dealers and they have shifts of probably 4 each during a 24-hour period, but only the four of them work at any given day. If you regularly play Craps, those dealers would already be familiar to you. You already know who's annoying, who's "bad luck", who's funny, and who's boring.

There are two dealers that I don't like. The fat, annoying one with the glasses who always talks in rhymes, and the small one with the red hair who talks very fast, you wouldn't understand what he's saying. He's also bad luck "Mr. 7". Regular Craps players would understand. Cool
358  Economy / Gambling / Re: Sports betting arbitrage on: January 22, 2024, 05:35:05 AM
Sports betting arbitrage is a strategy in which a player takes advantage of discrepancies in the odds offered by sportbetting sites to obtain profit. Have any of you tried to make money this way? what difficulties did you encounter? What bookmakers did you use? Have any of you had problems with bookmakers because of this? Why does it bother them anyway?

How is it even profitable because the odds won't have high discrepancies as far as I know.


Although arbitrage profits with a very small margin which requires large amounts of money, it's still profitable if your capital is large enough and your volume is high enough.

Quote

Besides that, we eventually have to place the bet and win in-order to gain that extra % of amount.
If we lose the bet then we will be losing everything anyway.


No, that doesn't how it works. Because of the inefficiences of the odds from different sports-betting sites, an arber will merely bet on one team, then bet against himself with the other team. The discrepancy of the odds from those two different sports-betting sites will assure the arber some profit.
359  Bitcoin / Bitcoin Discussion / Re: Bitcoin Spot ETFs approved, Bitcoin is not fraud. Where is Jamie Dimon? on: January 21, 2024, 03:35:37 PM
In a way this is all good for Bitcoin because when people like Dimon say some nonsense about Bitcoin like "it is fraud" and when people know he and his company are the most fraudulent beings in this world, they can know the sides a lot better.

One side is the side of Bitcoin where we have an exit route from the fraudulent system and the other side is that fraudulent system that is attacking Bitcoin and spreading FUD about it.

The day criminals and crooks like Jamie Dimon start praising Bitcoin is the day we should start worrying...


It's not about "what's good for Bitcoin" and how it would change their point of view. It's how Jaime Dimon, who's truly a smart banker who saved J.P. Morgan during 2008 Financial Crisis, could be very misinformed/stupid about Bitcoin to say that "SATASHI" could come back to increase the supply, or "erase" the supply.

They merely notice the "Coin", and ignore the network/breakthrough of Nakamoto Consensus and how that solves the Byzantine General’s Problem, which makes it possible to build truly decentralized systems.
360  Economy / Gambling / Re: ✨ Shuffle.com | The next generation of crypto casinos | Sports, Casino + token on: January 21, 2024, 03:16:00 PM
Why not host a freeroll poker tournament for levels Wood to Platinum? Top 5 players get to win 5 seats for the Jade VIP tournament and be given an opportunity to play with the high-rollers. I believe that would not only be good from a marketing perspective, but it will encourage building a community as well.

I like this idea. Theres a maximum of 300 players per tournament for the poker client we use, so it'd be raffle style entry.

I think I'll try this in February. Will keep you updated!


Thanks, and we're looking forward to that, ser. Another idea once the community built is big enough is probably to organize it into a weekly, monthly, then a main yearly tournament with very big prizes?

For the raffle idea, if there's a "celebrity-whale" from the Shuffle community, invite him/her to play in those smaller tournaments, if somebody eliminates him/her from the tournament, then the user who got him/her eliminated would win a seat for the bigger tournaments.
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