I am not sure if this is really a universal test to be honest. For practical goods this of course works. If there is no intrinsic value in a good itself than people don't need it and shouldn't be buying it. But this doesn't hold true for commodities or currencies. Let's say you buy a basket of precious metals including gold and silver, then everybody would agree it's really valuable. For ourselves the intrinsic value would be 0, we can't eat the metals or do something useful with it. The whole value for the commodity basket comes from what other people would pay for it. Same goes for some emerging market currencies that investors buy only with the goal to sell them for more money in the future. The value itself for us 0 because we can't use that money in the shop. As long as other people are accepting the currencies or commodities and exchange them for other goods they are valuable and not a scam, same goes for crypto currencies.

I didn't fully understand how the new NFT slot machines are going to work. Does it mean once we play the minimum amount of games per day we receive a free NFT from the slot machine? So it's kind of a bonus for regular customers. Or does it mean instead of being able to win big jackpots, we now only can win NFTs? The idea seems interesting if its some limited time offerings to promote new slot games. The important thing is to not give out too many NFTs in my opinion. If the market will be flooded with tons of new animal NFTs that gamblers get for free the price for them will likely be 0. Why would anybody pay money for them if he can obtain them for free himself. The best way is to create some scarcity and don't offer them permanently. Only when they can't be obtained anymore the value should be rising. And for gamblers it only becomes attractive if there is some real value behind it.

To be honest I feel the exact same thing about the sanctions against Russia. In Western media it sounds like the sanctions are hurting Russia a lot and the Russian economy is on its knees. But they are saying this for 2 months now and I don't really see how Russia is really crumbling. How long will it really take for the sanctions to show effects? Because when we look to the rest of the world they are not united and will not impose sanctions. Big countries like India, China or Brazil already stated that their economies are connected too much to Russia and they rely on the trade. And this point the war needs to stop. How about of making new sanctions we get the two countries to sit down and make peace? I am against anymore boycott of Russian companies, including casinos. So we know that this revenues is directly funding the Ukraine war?

Danke @cygan für ein weiteres Gewinnspiel. Sehr stylisches T-Shirt, würde ich auf jeden Fall oft tragen. Auch ein schönes Foto von dir   steht dir gut der weiße Bart. Ist nicht mehr viel frei, ich probiere es dieses Mal mit dem "c".

c - Mauser

Viel Glück an Alle

PS. Schon lustig dass ein L in Deutschland nur ein M in USA ist. Ist wohl alles ein paar Nummern größer in Amerika 

Danke an @1miau für ein weiteres Gewinnspiel hier. Bisher sind Erwartungen eher konservativ, wo sind denn die ganzen Bulls  ? Also wenn keiner ein neues ATH erwartet bis zum Jahresende dann bring ich etwas Optimismus in die Runde.

Viel Glück an Alle

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Bitcointalk-Nutzername: Mauser	Preis 31. Dezember 2022 um 23.59.59 MEZ: 84,499 $

Congratulations on making your first profit from sports betting. It's very exciting to make a profit while watching a game, isn't it? I bet this will be your first of many more bets in the future. Good luck on your gambling career. If you make more money from recommendations here on the forum, you could make small tips to the guys posting in here. As it takes them a lot of time to keep threads up to date and posting their predictions here.
I also like to check the sports beting threads here on the forum, there are so many different people here sharing their experiences that you find recommendations for almost any sport type. In the past I bet on all types of games, but after losing too much i had to slow down. Now I try to limit myself only on the big tournaments. Also I reduced the sports I follow a bit, because it takes up too much time to stay up to date in all of the leagues. My main sports now are football, e sports(mainly CSGO, a little dota) and basketball during the big finals.

I really like Robert Kiyosaki, his book "Rich Dad, Poor Dad" was a great read. He was among my first ever books I bought about money management, investing and how to get rich. The mindset he promotes is very valuable, it gives a new viewpoint to look at things from the eyes of an entrepreneur instead of an employee. The question I always have with Kiyosaki is how much money did he actually make the traditional way, and how much money he made through his books and popularity. He is a big motivational speaker and sells a lot of merchandise for his books. If he only made all his wealth through the rich dad, poor dad brand than I don't know if we should listen to him for investing advice. Nonetheless buying Bitcoins at 17,000 USD is a good idea. I would expect most of us to do the same, if the price ever drops so far. I am still sceptical that the price will drop so low.

Good summary for gambling strategies. I think this article is not only for beginners, it's helpful for all gamblers. We all can learn something new and optimise out gambling strategies. Reading through the article I kept thinking about free slot games and other promotions from casinos. When it comes to slots I never really won anything, I play from time to time and when there are free spins I also use them, but eventually I also go bust. Maybe I don't know when to stop with slot machines or I am just unlucky. What is much better for me is a free casino voucher for any games, they usually come in 1-5$ values and made me some decent profit over the year. The best strategy here for me is to go for high risk games with a big payout. So most of the time Iose the free money, but sometimes I get lucky and make a big profit which I like to cash out.

It depends a bit on how the bear market looks like for me. If there is a big crash and prices drop quickly than it hurts intitally, but very quickly I realise that it's a good opportunity now to buy at thes low levels. Like you said it's not really a bad feeling but rather a feeling of a new beginning. Only looking at old positions which are deep red is not healthy, we should rather look at the opportunities ahead of us, even if it takes some time to get there. What is more hurtful to me is the situation we are in right now. It seems like a bear market, but it feels more like a side wars trend. Prices are fluctuating heavily but but really much in one direction. There is no clear trend, up or down.

I think yes, an old casino which has been very active here on the forum should have a large number of regular customers. All these older customers will not disappear just because the casino is cutting down on its advertising. The only change I would expect to see is a dropping number of new customers to join the casino. I think when it comes to advertising budgets the casinos can run a case study to see how many new customers they get per week with various advertising channels. In the end it's a cost/benefit analysis to see if it's really worth it. Let's say the casino notices that 80% of their revenues from existing gamblers and most of the new gamblers leave the casino after a few weeks. Then it could much better for the casino to run promotions directly for the older customers. Instead of paying for advertising they could make weekly giveaways for regular customers.

Since you already hold some other coins but no bitcoins yet, I would strongly recommend to buy some BTC. Right now the BTC price is cheap compared to last year. If you can buy BTC below 30,000 USD it's a good deal on my opinion. And BTC as the oldest crypto coin should be part of any crypto portfolio. I am assuming you are looking to build up a long term portfolio and not only want short term gains. For that BTC should definitely be part of your wallet. We don't know which Alt coin will be successful long term, but we know that bitcoins will still be around in the future, it's never a bad investment.

I think a cashless society has a lot of benefits, it makes paying for things much easier and faster. We don't have long queues anymore in the supermarket where people are counting coins or wait for the vendor to change large denominated bills. Our wallets will be much lighter, we could even go so far and remove all the credit cards and only use our mobile phones to pay. As long as everybody has a phone and Internet access than the new payment methods work for everybody. There are also some drawbacks, what if our cell phone breaks down or there is a Internet outage? In remote places cash is still king. Also the elderly generations will struggle in a cashless society. My grandma never pays with card and doesn't even have cell phone. I think cash will lose it's dominate role over time but never disappear fully.

I fully agree with you, in today's world it all about knowledge. With the rise of the Internet borders became obsolete, the whole world is connected now. Which makes it so important to educate ourselves. Knowledge became a resource that can be accessed online through online courses or Wikipedia. It's up to us to keep educating ourselves and move forward in the world.   Self-sovereignty is a powerful tool that can make people more interested in politics and reduce corruption in the government. The more people are directly involved with politics and the government, the more transparent things will be. There should be a layer of ordinary people checking what the politicians are doing and verifying everything is okay.

Very interesting analysis of the English and Spanish football league. I am not very familiar with the economics behind football. Its definitely true that English and Spanish teams seem to always be in the finals of champions league, and they have the best players from all around the world. But money is not everything, having the best players in the world is no guaranteed win. The players need to get along with each other and play as a team.
This years champions league final seemed like a huge marketing debacle. The kickoff delayed and seeing fans with tickets getting pepper sprayed was insane. Imagine buying an overpriced ticket and travelling to another country to see your favourite team in the final and then the security won't let you enter. Personally I enjoy watching live football in the stadium with a great atmosphere, but only at a reasonable price. All these big tournaments are just too expensive to get good seats. Otherwise watching in a bar with friends is much more affordable.
Maybe a hardcap on player salaries could help going forward? Somehow the weaker teams should also have a chance to participate more.

Really hard to make predictions in the current market environment. Many people call it a bear market right now, but to me it seems more like a sideways trend. One day the bitcoin market drops 5%, next day we see a rise of 5% again. There is a lot of volatility in the market. Usually volatility is a good thing for traders because the spread is higher and there are more opportunities to make a profit. But when there is no clear trend to trade on it becomes very risky. For a professional trader these risks might be manageable, for the average trader I would recommend to take a step back. Better to hold on to your coins and sit this one out. When it comes to trading we don't need to react on every trend. Crypto currencies move in cycle, so even if we missed one bear of bull Market we don't lose. There is always a new opportunity around the corner.

Right now I would rather go for buying a house or apartment to be honest. The next few month are so uncertain with rising inflation that it would be much better to protect ourselves by owning our own apartment or house. Like this we could atleast fix out monthly living cost and are not affected by inflation so much. Owning property is a good protection against inflation. It also has a benefit that if we use a loan for the purchase that the loan will lose it's value over time, so we are actually benefiting of the inflation. With renting it's not guaranteed our salary will keep rising with the increase in living cost. In case you have enough money, buy the house and take out a loan. Like that you still have some money left to invest in bitcoins on the side. And if you have less money to do both, buy an apartment instead of a house.

Looks like Denmark is trying to take more control of the gambling industry. I am wondering if this is really only protect kids from having access to casinos, or if they want to make sure that no one is cheating the government, and everybody is paying taxes.
When it comes to digital Ids I am very critical, there are two big concerns security and privacy. How easy is it copy such a digital ID and how many people have access to these information? I don't want that everybody knows where I am gambling when there are security risks. All the data will likely be stored on some government servers as well as the casino server. To be honest I would expect the casino to have higher security levels than the government. The other thing is, how easy can people fake such IDs. There are already generators online to make fake IDs. So maybe what was the fake ID 15 years ago to get alcohol and go to a club, will be the fake digital ID in today's time. If there is no missus guaranteed and the security levels are high I would go for it. And maybe the government will make it mandatory for all new casinos, then there is no more way around it.

Congratulations to the birth of your son, I hope he and your wife are healthy and everything is okay. What a nice story how bitcoin managed to save your day. In my opinion that is all what is it about when it comes to crypto currency, financial independence. You were not limited to some plastic cards, bank machines and ATMs or cash. As long as we gave Internet access we are free with crypto currencies, and of course the place needs to accept bitcoins. To me it seems that your son now already has a strong bond to bitcoins. You paid his birth with bitcoins, that's a story you and your son will always remember. I hope becomes interested in cryptos already at a young age. It's something you two can share together.

That is really scary, at least you got lucky and managed to recover with a draw. Gambling goes so fast that it's almost impossible to correct mistakes. I have been in similar situations myself and know the feeling. One missclick can ruin our whole bankroll, that's why it's so important to play with a clear mind and be concentrated. Being drunk is probably the biggest risk we can take for ourselves when it comes to gambling. My two biggest gambling mistakes happened when being drunk, and I don't realise when it's time to better stop. That's why never drink and gamble at the same time.

The idea of the Russian economy failing is coming from western economics who base their argumentation on the sanctions the West has against Russia. This is of course a bit misleading because Russia is trading with the whole world. And if countries like Holland or Poland are being cut off from the gas trade its not that Russia will sit on all the excess gas. The whole world needs energy and many countries are still friendly with Russia. If the price is right they will keep buying from them. I think that the initial shock on the Russian economy came from the fear of a war between Nato and Russia. But the Western countries made it clear they are not going to intervene on Ukraine. We will have to watch over the next 12 month how hard the Russian economy is being affected. The currency markets might be the wrong indicator with the high inflation we see right now.