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2121  Economy / Economics / Re: COVID had widened the gap between world's richest and poorest on: June 12, 2022, 07:45:30 AM
Very sad to see that the gap between the rich and poor people keeps on growing. I wish the politicians would start working for the people and not only the 1% of the population. The super rich already have so much money that they can never spend it in their lifetime. Of course communism is not the option, we can't just transfer wealth from the rich to the poor, that doesn't work. If a country would try that than all the rich people would leave and immigrate to another country that supports personal wealth like Switzerland or some Asian and Middle East countries. The problem is that rich people control the politicians with their money and many lobbyist. That is also why so much of Covid help funds went to the big companies and not the people in need. The only money for the poor people was also directly spend on food and housing, whereas the rich people are able to save all their money. Right now with new high inflation environment I am afraid we will be seeing the trend will keep growing, the rich keep on getting richer will the poor will stay poor. And we will also see some of the middle class families becoming poor again, because all the savings will be eaten away by inflation. Only the rich people will be able to save their wealth from inflation.
2122  Economy / Gambling discussion / Re: The Pros and Cons of Bitcoin Gambling on: June 12, 2022, 07:28:20 AM

Now that all of us have an idea about the Pros and cons according to the source link,  I'd like to ask something to anyone here in the forum.

- Is it convenient to play in the Bitcoin Gambling?
- How does Bitcoin gambling work?
- Does Bitcoin Gambling can give a good opportunity to everyone?

- if you become addicted to gambling can it be said that it is a good result even though there is an advantage if you play in the Bitcoin
  gambling



I don't look at Bitcoin gambling any different than normal gambling. Since a young kid I was interested in gambling and always enjoyed seeing Las Vegas on TV with all the flashy lights. A gambler in the 80s in Las Vegas must have had a perfect live, that was the golden days back then. For me I started gambling when I was 18 and it became legal for me in my country.  So many years before going into crypto currencies I was already gambling. Taking the step from casino gambling to online gambling became natural for me during the Poker hype a few years. Then the Covid pandemic made it even more one sided. Now I haven't seen the inside of a real casino in more than 3 years.
Being addicted to anything in life is a bad situation, doesn't matter if it's alcohol, gaming, cigarettes or gambling, we need help to stop that cycle. The problem is not only all the money we spent on it but also the time it takes, we spend days only thinking about the addiction and have troubles focusing on important things. I don't think there is any advantage being addicted to bitcoin gambling compared to normal gambling. The opportunity of bitcoin in my opinion is that it gives us the chance to generate some additional income. Bitcoins in our wallet don't generate any dividend and especially for HODL investors our coins stay in the wallet a very long time. When we use some of the coins for gambling we can make some profits on the side.
2123  Bitcoin / Bitcoin Discussion / Re: Bitcoin price and actions to raise it on: June 11, 2022, 08:58:16 PM

This is the time to look around and ask: What else can be done to sustain BTC growth? How to increase interest in BTC?


I think the interest for bitcoins is still strong right now, it's just that people are very unsettled about the uncertainty of the next 6 months. There are so many issues the world faces that makes investing unpredictable. The Russia Ukraine war is still going on with no end insight, economic growth is slowing down world-wide due to rising inflation and the covid pandemic might still not be over. Without these issues the bitcoin price would be much higher with many investors buying instead of selling.
The most important thing the average bitcoin investor can do to stabilise the price is, not selling. Not giving into the selling pressure is already a big deal. Like this there is already less downward pressure on the price and also less supply for the short term traders who are looking for a quick profit. Right now the volatility is very high with prices jumping 5% in a single. Getting some more stability into the price would be could to calm nerves of the big investors. The second step would be to start buying when the price is below 30,000 USD.
2124  Economy / Gambling discussion / Re: Can You See Or Tell If A Fight Or Event Is Fix ? on: June 11, 2022, 08:36:35 PM
It could be on basketball, boxing or horse racing, or any kind of sport, after being in a particular sport for many years can you see or tell if a fight or event is fixed, there are upsets but in the back of our mind, there's a possibility that the match or game is fixed.

In today's world I would expect to find almost no fixed game anymore. I am no expert on fixing or cheating games, but it sounds more of a thing of the past due to much better video recordings of the matches. Now we can analyse every millisecond of a match from various angles, there are no more blindspots. The risk of a cheater to get caught is much higher now.
With horse racing I have no clue about fixing matches, but for basketball it seems very hard. A referee could favour one team and try to push them for a win, but that will likely be challenged by the enemy team and might not be enough for a win. Same goes for paying of a player to throw a game, if he plays to bad the coach will just substitute him. And then again missing a tree throws might not be enough to lose the game. Also in basketball the championship are usually multiple games. The best sport to fix matches would probably be boxing, there are only 2 fighters involved and while faking a KO might be too hard, losing by points sounds the most plausible. Everybody can have a bad day and not be able to give 100%. Problem is that this can only happen 2-3 times in a career, after that he is out.
2125  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 11, 2022, 07:49:56 PM
I saw news on CNN and CNBC that in this world gas reserves are very few and controlled by only a few countries including Russia, the process of making gas pipelines takes a long time especially now that many places have become residential so it is more difficult to meet gas, something that the most likely is the import of liquefied gas and of course a longer process is required.

Out of all the energy demand from a country, gas is probably the hardest to switch to different supplier. That is why the European Union is so reluctant to issue an embargo on Russian gas. In Europe has us bring distributed via pipelines which takes many years to be build and require political oversight. There is no way to build a new pipeline and be autonomous from Russia in one year. Liquidised gas could be one option, but for that the infrastructure is not there yet. USA would like to sell more liquid gas in Europe, so far they are exporting to Portugal and the Baltics. This is not enough to supply the whole demand in Europe. Political alternatives include solar energy and heating pumps that transfers hear from the ground. These things could be installed at all homes, but are very expensive. It takes a lot of substitutions from the government to make it feasible, and someone who has a few year old modern gas heater will not switch. These are long term solutions and will not help to switch of Russian gas short term. I don't see any real alternative to keep buying from a Russia in the next winter.
2126  Economy / Gambling discussion / Re: Ever thought of doing your thesis on Gambling ? on: June 11, 2022, 07:33:34 PM
On the other side it is great to see countries such as the Netherlands giving money to people who make thesis to solve society problems as gambling is a problem although us gamblers will never acknowledge this.

If the government gives money for a certain area of topics to write your thesis in than there should be some interest for the general public. In social studies, behavioural finance or mathematics there should be demand for gambling thesis without being looked at badly by colleagues. I don't like that the government only sponsors thesis that focus on problems in gambling. What about the benefits of gambling? I know society prefers to look at the bad things of gambling, but there is also good. For example, gambling offers a form of excitement, when we are gambling we are not outside, getting drunk and making a mess. And gambling provides jobs for people and some lucky few even manage to get rich through it. We also shouldn't forget that the government benefits through taxes from gambling. Especially the monopol on big lotteries makes a lot of money each week. It would be nice to see a thesis that looks at negative impact from leisure things like cigarettes, alcohol and gambling. Comparing all these issues against the benefits in society would be very interesting.
2127  Economy / Trading Discussion / Re: Is trading journals worth it? on: June 11, 2022, 07:26:05 PM
What are your thoughts on having a trading journal to better your trading experience?

I think this is a very good idea and we all should be doing it. When it comes to trading and investing I have two ways of keeping track of my trades. The first one is an excel sheet where I write down purchase price, dates, fees and which exchange I trade on. This is very short summary and I need it to get a quick overview and to calculate taxes. All the information is stored electronically and can be accessed from my phone. The second way how I keep track of my trades is an trading journal, it's a ledger where I write in by hand using different colors. The journal for me is not so much about at what price  I am buying and selling, but rather the rational behind a trade. For me it's helpful to write down important research and what made me decide to enter a particular trade. Like that I can go back after a few months and see if it was a good trade and if my expectations where correct or wrong. Without the journal it would be too much to remember.
2128  Economy / Gambling / Re: Gambling Brand Name Vs Site Functionality? Or Both? on: June 11, 2022, 06:38:57 PM
Branding is the major focused on people today why?
Because they want to reach out to the audience and make their businesses excellent, well known. But there are something more superior than that which I will say is; Security, Trust as well as reliability. Now if you talked of branding, you can all forms of brandings and have less trust and credibility which would or could make people scared or far from yours site since it's not trusted. Gambling is permitted to start small and to gain trust before focusing on branding while vast majority of people can smoothly accept your rebranding. No gamblers can accept to lose money from any site despite their brand name or but if none branded site is more reliable and trustworthy gamblers moved down to it and gamble after which they can withdraw without limitations.

I agree with you that branding is important in today's world and that in the gambling industry new casinos need to build up that trust. Most people will be critical towards anything new and prefer something that has been around and is well established. To build up a brand, a good band is important. A new casino should choose wisely their name and make sure it hasn't been used in the past or has some negative implications. But a good name can do only so much for a new casino, with it alone the company can't build up trust. To be able to compete against existing casinos and become a professional and profitable company it requires a great website. Only if the layout and functionality are state of the art the casino has a chance to survive in my opinion. In the last 18 months we saw a rising number of new crypto casinos all trying to fight for market shares. The competitiveness in the industry also makes sure that companies invest heavily in the online infrastructure. In case there are issues with the website and the functionality can't be guaranteed, than I don't think that there will gamblers deposit large amounts of money at that casino.
2129  Bitcoin / Bitcoin Discussion / Re: How do you educate petty traders in adopting Bitcoin? on: June 11, 2022, 08:44:53 AM
What steps would you take in drawing the attention of the traders to Bitcoin?

To be honest I haven't given it any thought to promote bitcoins among the small business owners in my city. There aren't many places where I come into contact with street sellers and vendors. Most shops in my city are big chains which aren't very personal shipping experiences. Over the last 10 years all the small businesses closed down, the only ones left are small tahr away restaurants or kiosks. The kiosk closest to my house is run by an old Indian man who is talkative and friendly. I tend to buy snacks and beers there after work even though it's more expensive than supermarkets. Maybe I should try and mention bitcoins to him, but he is definitely above 60 years old, would be better if his kids could help him with crypto currencies. Then again who would actually pay with cryptos for cigarettes or alcohol there? Most of the regular customers I see there are also quite old and drink a lot of alcohol. Maybe retuning old bottles and getting the money in cryptos could be a way to promote it.
2130  Economy / Gambling / Re: Casino Game on: June 11, 2022, 08:12:42 AM
I believe one of the reasons why most of the reputable casinos find this forum to launch part of their campaign is because of it standard and level of trust it has earned and this also portrait the fact that you hardly see a signature casino campaign here not performing good, aside from the members on he forum here who give a try to some of those casinos on the gambling sections, many people out there as well come to the forum to seek for the latest trending casinos from the forum here through their campaigns and discussion threads.

I agree with you, running a signature campaign here on the forum is a good way for a casino to promote itself. The forum gives the casino to have a very targeted approach to it's customers. Every user here on the forum is interested in crypto currencies, that's why a casino that would like to attract more crypto gamblers should be here. People in the sub forum Gambling are interested in sports betting and gambling, and use this forum to exchange their experiences. A casino that is running a scam, or has very bad customer support will be flagged red very quickly here. That's the power a big forum like bitcointalk has, it can protect each other from falling for the same mistakes and brings some form of security. Casinos who have been part of the forum for years have a high trust rating. It also helps here to talk about strategies and new promotions. It's a quick way to share any gambling related news quickly. I think there is a high correlation for a casinos presence on the forum and it's profitability.

2131  Economy / Economics / Re: Jamie Dimon says ‘brace yourself’ for an economic hurricane on: June 11, 2022, 08:06:55 AM
Doesn't really seem like something to be honest, since the start of the Ukraine Russia war have economist predicted a downturn in global growth. Right now the government is at the end of it's rope when it comes to monetary policy. The usual habit for politicians since the 2008 financial crisis was to lower interest rate and print money whenever needed. For more than 10 years we have been in a ultra low interest rate environment, banks paying 0% interest on bank accounts for years. The average saver has been losing money even with inflation rates around 1-2%. But now we are facing inflation rates of 5-10%, there is no more possibility for politicians to keep the interest rate low and print money. The risk of running into hyper inflation is high now, and once we enter such high rates it will be hard to get out of it anymore. The high volatility Jamie Dimon writes about we already have since March. Prices are fluctuating on a daily basis, including crypto currencies. For me there is no real alternative to not be invested, holding cash is no option with the current inflation. The best we can do is to HODL and face the storm.
2132  Economy / Gambling / Re: Betting Bots and Simulators on: June 08, 2022, 03:42:29 PM
That's an awesome project, thanks a lot already for the work you put in. Running some simulation on our strategies is a good idea and can help to see if it's profitable in the long run or not. I am not sure how much work it is for you to add additional casinos, would be nice to see all the major crypto casinos in your website. In the past I ran some simulation on Excel, but these were not based on direct casino seeds, rather on some simple probability calculations. We know all the winning chances of the games and can build strategies on that, using exact casino rounds is much more precise. Of course this is always an simulation only, and even the best strategy build from simulations is no guarantee that we will make money from it. It's a good indication and validation for our stragies. Now I am wondering if you could actually make money with your site  Cheesy

2133  Economy / Trading Discussion / Re: How weird is it to borrow money and invest into Bitcoin? on: June 07, 2022, 12:30:56 PM
Well if you borrow money without an interest to invest in Bitcoin then i will say that it was great, but if you borrow money with interest i think you are in a very risky position, we already know that crypto investment is risky and every year there is a market situation that can make is loss or earn look at btc now it is dropping from the 60k$ ATH on year 2021 it is now 29k$ imagine how frustrated you are if you saw your investment drop and the money you used to invest has an interest to pay every month that was very frustrating.

That's exactly the reason why I would advice against borrowing money to invest in crypto currencies. On paper it sounds like a nice way too boost profits, but there is no guarantee that it's actually going to work out. Markets can move against us, and when they do it means that it will hurt twice as much when we lose and when we have to repay the loan. Getting a loan with zero interest rate is hard to get, and probably means asking friends and family for money. The problem with trading with their money is, that they might need the money short term. What if you are forced to sell at very bad levels? For me there is just too much risk involved, better to first save and invest later. There is also the risk to ruin your credit score if something goes wrong.
2134  Economy / Gambling discussion / Re: Something Like This Happen To You on: June 07, 2022, 10:23:30 AM
We experienced unexpected events or moments in gambling like this one, you are calling it off a day in a session then you're suddenly on a winning streak thinking that it's your time to get back what you've lost will you go or will you stop and come back the next day.

I know exactly your feeling, had this myself many times. Especially during lossing sessions my mind keeps telling me that the winning streak is just around it the corner. If I only play a little longer I would make my money back. Unfortunately this is only wishful thinking and not real. There are no trend in gambling, just because we lost a few games in a row doesn't mean we are going to win now. The first few times I noticed that was I played regularly roulette. Sometimes I would see red numbers 6-7 times in a row coming up, my brain would always tell me now it has to be black. That's wrong, every new game is independent and the chances for Black and Red are exactly the same, the white call has no memory  Wink. That is why I stop now rather than gamble more. For me it's helpful to set fixes time slots for gambling and when to take a break. We can always make back the losses on the next day. Only exception is if I play a poker tournament and I manage to get into the money, than I will play until the end.
2135  Economy / Economics / Re: What is the golden rule of investment? on: June 07, 2022, 09:32:34 AM
I wouldn't say that to avoid giving gambling advice, or to listen to others is the golden rule of investing. We can't no everything when it comes to investing, the markets are to big. It can be helpful to take advice from others, but we should always remain critical and make up our own mind. Trusting others blindly is foolish, but making our own research after getting advise from others is clever in my opinion.
For me the golden rule of investing is Diversification, never put all your money into one basket. Luna is a great example for risk management and how diversification would have protected us from decesratinv losses. If we limit ourselves to not put more than 10% of our money into one single alt coin, then we would only lose 10%. Owning multiple coins might make us lower returns if one particular coin rallies, but it also lowers our risk profile considerably.
2136  Economy / Gambling discussion / Re: How Profitable are Gambling Bots? on: June 07, 2022, 09:16:21 AM

Have you ever tried to use the autobet on some gambling websites or have you successfully used third-party bot scripts for betting on sites where it is allowed? Did the bots win?


I tried using autobet gambling sites in the past, but with mixed results. At first the autobets seems to be going really well, and then I forget to stop. Problems for me with these types of bets are you lose the money very quickly. It's kind of automated but you still need to keep oversight over the betting. Real gambling bots I have never used so far, there are some free to use bots which are not looking promising. The gambling bot where you have to pay for it seems much more sophisticated. I looked at a few options in the past which were being sold here on the site. The thing for me is that the purchase price is just too high compared to my average betting size. For a whale who has a lot of money this might be more interesting. I prefer to have full control over my gambling budget, because if something goes wrong I can only blame myself for the mistakes.
2137  Bitcoin / Bitcoin Discussion / Re: New York's push to ban crypto mining on: June 07, 2022, 08:59:13 AM
Sad news coming from New York, I hope the bill is not going to pass. In Europe they tried the same thing and luckily didn't get majority for it. What's going on lately with politicians trying to ban crypto mining? Is this some general push from the financial service lobby industry? I can't believe all the politicians decided for themselves to go so strongly against cryptos now. Crypto currencies became so popular in the last 2 years that there is a big public support for them. Hopefully no new country will get a majority to ban crypto mining. Also the energy inefficiency of crypto mining is always given as argument for the ban, which is really one sided. If politicians want to do something for the environment, why not go for other industries? There are industrial companies which are much worse for the environment than crypto mining. It feels a bit like a witch hunt.
2138  Economy / Gambling / Re: How do you know how to trust online sportsbooks? on: June 07, 2022, 08:51:42 AM
Hello everyone, I've been using online sportsbooks for a while now, but I wanted to know how do you know how to trust those sites? What do you look for in them, what are some red flags for you, that kind of stuff. Hope it makes sense and please share what are your favorite online sportsbooks.

The first indication if a sportsbook is legit or not for me is how well the website looks like. If the layout is modern and sophisticated than it's already a good sign, because most of the scam sites tend to be created very fast and won't be up and running for a long time. That's also the second tell, how long has the website and company be around? The older the website the more likely it's legit. The third step for me is to check reviews online. This forum here is a good way to quickly search for the sportsbook. Maybe they don't have their own thread here, but if a user has a negative experience with them he will likely write about it here. If there are red flags in the past, better to avoid them.
2139  Economy / Economics / Re: Is there a place in the world you could live like a king via sig campaigns? on: June 06, 2022, 08:20:33 PM
I thought about another good way how you live cheaply without spending much money. I got this idea from a friend during our university time, he managed to live for free for 2 years in really nice house. The good thing is this works all around the world with no need to move to a far away country for cheap housing. Unfortunately this only works alone, for a group of friends this is not feasible.
The basic idea is to find a city with a big university and strong housing demand. In that city you look for big houses close to campus with a lot seperate rooms. After renting the whole house, you divide it into single rooms that you then rent out to students. One room remains empty and will be your room, while rent of the house is divided by the remain rooms. Basically you become the landlord of a rented apartment. There is some risks involved and it costs time to manage it, but if you have good tenants there shouldn't be an issue. And if you have some spare time you could do things like taking care of the garden and clean the house and community areas. All these works you can then again charge the tenants. So if you don't mind living with students you could live for free. It's not like living a king, because the room is small and you have to share a kitchen with strangers. But you can atleast use your whole signature campaign funds for other things, like atleast eating and drinking like a king, or just investing that spare money.
2140  Economy / Trading Discussion / Re: You don't need to hodl a particular coin all your life on: June 06, 2022, 04:13:27 PM
Sell the bull and buy the bear sounds like the best investment advice, unfortunately it's hard to identify where the bull market ends and the bear market starts. Is the bitcoin price of 30,000 USD right now the end of the bear market or is the bill market still far away? The timing issue is what makes HODL investing so interesting and profitable. I also like to trade actively the market but do this in much smaller sizes. What is wrong with holding my majority of Bitcoins long term? It's not all about short term profit. For our grand parents it's normal to save money in a bank account and that money will eventually go to us. So why not do the same with bitcoins? We can leave behind crypto currencies instead of fiat money for our children and grand children. If we think for the next 100 years than holding long term becomes a new concept.
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