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141  Other / Beginners & Help / Re: What if the internet permanently shuts down on: October 15, 2023, 09:42:25 PM
Although internet permanently shutting down is impossible unless it is the end of the world, I will play along with your scenario @OP.  If the internet shut down, it simply means the end of e-commerce, communication will greatly affected, and many company will get bankrupt and shutdown.  We will goes back to snail mail system, and  all online activities will come to halt.  That includes the cryptocurrency industry.

The positive effect of internet permanently shutting down is the need for more postman.  So while many online dependent company are mass laying employee, the post office and other delivery services will be hiring more personnel.

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I'll focus on finance, so I'm thinking what will happen to the bitcoin inside wallets, what will happen to every fiat currency in bank accounts, if everything erases as a result of internet total breakdown?

Internet shutting down does not affect the data saved in a storage.  So there will be no deletion of information and one should not worry about his bank account nor his Bitcoin stashed on his wallet address

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Who do we hold responsible?

Who ever the person or group that make the internet to permanently shuts down.  Do we have to think about this?

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I know that the internet technology is manmade, therefore it can not be hundred percent immune to faults and external attacks. And what if there is that less than one chance of it being faulty or compromised, what if that less than one  chance happens,? what will be the fate of the world that mainly depends on it to get things done? I'm no tech guru or a prophet of doom, but this are my thoughts and fears on the matter, although I sincerely hope that I'm very wrong on these thoughts.

If the internet shuts down, although many will get bankrupt, the world will continue to move forward.  The communication may suffer a backslash and all industry that is dependent on the internet, the world had survived without these things before hand.  So as I stated, the world will move forward and still survive it is that no more Tiktok and other social media for you.  Tongue

If Internet shuts down then nothing works in the universe no communication as you said and probably all sectors of the world may collapsed. But don't ever imagine that anymore because we have grown above that age and there are lots of people who are actively sound to make sure we don't experience any break down and, talking about this forum.. well, what happened is just a common thing and if I am not mistakenly we have witnessed it several times and is not what to be panicking about.

Communication will not be lost, it will suffer a backslash, it can move backward and can still use telegram and snail mail.  Telephone(cabled) can still be used but obviously there will be a hardship in using mobile phone.  So in communication we might step back in year 1960s before the invention of the internet.
142  Other / Beginners & Help / Re: some of the best ways to secure yourself from scammers on: October 15, 2023, 09:23:17 PM
Aside from the given list by @OP we must also keep our greed in check.  Although we have the knowledge, the vigilance and all the security needed to detect scammers, if we failed to control our greed and let it take over instead of rationality, we can still fall for the scammers trick.  It is the greed that makes us dull and become a victim of scams because greed triggers the urgency in our decision making and make us careless or don't care about the possible result because greed make our mind to think about the future profit disregarding precautionary measures and possible scams.
143  Economy / Gambling discussion / Re: It's a strategy to lose on: October 12, 2023, 09:23:56 PM
I think it's not actually too tasking to be good in sport betting, poker game, dice, and other gambling options, it's a game of luck but you also need to have some experience or better still try to understand how the game work.

I agree, those who have knowledge on the team in sports betting will find it easy to choose which side is to win, and this person can also be versed with poker game, while dice can be played even without knowledge prior to it since we can just bet and wait for the result.

As long as the person allocate a fix budget for his gambling activities, it does not matter how many games he is playing simultaneously. The only downside I see here is that, the person won't enjoy his gambling session because he is too occupied with lots of gambling activities.

Thinking gambling is a game of luck might be setting yourself up for failure, gambling just like any game has rules and how the game goes, doing your best to out play your odds gives you a better advantage in tilting the luck to your favor. The rule is to learn the game and play responsibly.

I agree, nothing beats being a responsible gambler and learning the games and how to manage the bankroll wisely.
144  Economy / Speculation / Re: Even Seasoned Analysts Can Get it Wrong on: October 12, 2023, 09:05:26 PM
The bitcoin ecosystem is designed in such a way that no individual or institution that could speculate accurately or influence its price in a particular direction,  unless in the incident of a general market crisis that could force the market in a particular direction and if that is possible then by now we should have seen another dissension of Bitcoin by now because bitcoin could have been acting in a particular pattern that would have shown that there is third party involvement in it market determination.
So for that, everyone is left to rely only on speculations and guesswork when it comes to bitcoin price speculations and what its real outcome turns out to be in the long run.

Well no one can speculate the Bitcoin price accurately but there are people who can influence the flow of market in a particular direction.  In the early years, it was the whales who are dictating the trend, when the market become bigger and harder for whales to manipulate, they then work with various influencers and analysts to control the market sentiments which then affect the trend of the market.

I do agree that some prediction become real but most of them are way beyond their target timeframe.  The problem I find is, people tend to set a timeframe when they state their prediction, the reason why they fail and got shamed by the Bitcoin market movement.
145  Economy / Gambling / Re: Rollbit.com | Crypto's Most Rewarding Casino 👑 on: October 12, 2023, 08:46:52 PM
-snip

I didn't know this was bonus abuse. I was earning some pocket money by playing with odds of 1.01. If so, let them take my current accumulated bonus and give me back my current balance. thieves . I constantly write to live support and they ignore me.

There is actually a fine line on this issue. It seems to me that Rollbit always seems to have issue with people wagering on low odds thus claiming those bonuses because they level up faster but they dont seems to put it in as part of their written rules or whatsoever. Considering that they might not want to scare potential customer away with this rules then probably they only take action on account that have bet on low odds like that after several times

Anyway, you might want to try discord and write directly to either Lucky or Razer there about your issue then hope they will return your deposit


Still , waiting answer but cant get answer from live help or mails

Have a little more patience, you have send lots of messages already.  I bet they will notice it when the casino representative comes around.  If there is a telegram group of the casino then you can join them and message any admin there.  I think they may possibly help you connect to the department that can process your case.

I agree that flooding messages won't help you of anything, instead, it may even annoy them and force them to ignore your messages.
146  Bitcoin / Bitcoin Discussion / Re: Buying Hobby Bikes with Bitcoin on: October 12, 2023, 08:29:33 PM
We all have a hobby or a dream, be it big or small.Like everyone else I have a dream from childhood that one day I will grow up and buy my dream bike.I tried many times to buy this bike of my dreams but failed time and time again due to not having enough money.I told the family a lot but they are not willing to buy the bike at such a price so I forced myself to save some money from my job salary and bought a small amount of bitcoins at the moment.I have currently bought about $750 worth of bitcoins to fulfill my dream.One of the reasons for this is that the Bitcoin halving will begin in the early 2024, after which the market is expected to grow again.At the moment, the price of Bitcoin is like this. I bought the amount of Bitcoin with 750 dollars in this situation. If the price of Bitcoin doubles from the current price, then my dream will be one step further.
Was I right to invest in Bitcoin to buy my dream bike?
I gave an example with this picture.


      -   If you don't increase that amount until the bull runs itself, let's just assume that x 5 your 750$ is around 3750$. But that amount can't give you the dreams you want to have in life. Except for the bike you've been wanting to buy for a long time.

Well @OP is contented to buy his dream bike and with the calculation you had given, it is enough to buy his dream bike with some little extra.  I think after hitting his target, @OP will plan for another goal and start investing with it again.  I think @OP's approach is way more practical and realistic than many of us where our target is to become rich with just a thousand dollar investment.  Grin

But that amount will be enough for you to continue in the cryptocurrency business. Of course, you have experienced it first, and you already know the feeling that it is true that the business industry like this can be an instrument for our dreams in life. But if you add more, it's better, or while you wait for the halving, do the DCA methods.

One good thing in cryptocurrency is that it has a very low capital entry.  One can enter for as low a $10 or less and go forward with DCA-ing.
147  Other / Beginners & Help / Re: Newbie Don't be afraid of buying Bitcoin on: October 12, 2023, 08:08:47 PM
Bitcoin investment is indeed promising in the long term, it has been proven that rich people will get richer by investing in Bitcoin. I honestly cannot overemphasize how profoundly Bitcoin Investing has helped save and change the lives of many people. However, there are also quite a few beginners who remain poor because of ignorance, they should need a lot of knowledge in learning everything about bitcoin so that they finally understand enough to know how to invest in bitcoin and store bitcoin well.

Indeed, to be like them (rich people as you mentioned), it is better for us to take risks and make sacrifices than to remain poor. BTC prices fluctuate, but I think we should educate newbies on what to do besides holding bitcoin.
The long time that it is make it very difficult for people to have patience if waiting for example imagine planting you don't have a choice than to wait till it is ready to harvest then that is the profit for planting so if you going into bitcoin the nature of bitcoin have to be understood that its a long time investment that its nature have to be understand its not sometimes you just go into first you need finance to start investing in bitcoin then sick knowledge of what you are investing in Avoiding that portion has caused many firms to fail, so if you don't want to lose money, have information and take calculated risks rather than careless ones.

In short, investing in Bitcoin is not a quick rich scheme where one thinks he will get rich as soon as he put money in the Bitcoin market.  Bitcoin investment needs patience.  Strong hands or if possible be a diamond hand.  One must also have his selling price so that there is a reason for him to hodl Bitcoin when the price does not meet his expectation.

One must also spend the money that they can afford to lose to invest in Bitcoin.  They also must have a way to secure their daily needs so that they don't have to sell their BTC investment due to lack of money.

If an investor is in for a long term, there is indeed no need to be afraid since according to the history, Bitcoin always hit its new all time high a year after the halving.
148  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Precious Metals - the final verdict is in. on: October 11, 2023, 08:43:23 PM
Gold is not going to make someone rich. How many people have you ever seen that say "investing in gold made me rich"? None!

the same can be said for bitcoin no?, Don't get me wrong i like bitcoin a lot.

I agree, Bitcoin will not make anyone rich if they don't invest huge amount of money.  Gone are the days when Bitcoin investments can be multiplied by 100x in just some years.  If we want to have such kind of profit I believe we need to wait for many decades.

But it is demonstrated that bitcoin has a better store of value than gold at least in the last 10 years no?

Spot on because Bitcoin is in the green in range from its time entering the market and today, but Bitcoin is not a good store of value for those who entered during the peak of 2021 market price since it  losses a lot of its value at the current time. Being highly volatile makes Bitcoin inferior to precious metal in terms of store of value, IMO.
149  Economy / Gambling discussion / Re: Not keeping records makes me a bad gambler? on: October 11, 2023, 08:26:00 PM
Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?

I only play in an online casino so I have the records saved in my bet history.

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So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?

The good thing with recording is that you can have your audit anytime without problem.  You can check if you are in green or red.  It is advice that we should make track of our expenditure in order to know the reason if there is a shortage of fund and adjust accordingly.

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Not keeping records, does this make me a bad gambler?

Not really if you gamble responsibly and only allocate or use funds that is free of any obligations.  What makes a gambler bad is spending irresponsibly using fund that is allocated for family usage.
150  Economy / Gambling discussion / Re: Violence and anger could be a sign of gambling addiction in youths on: October 11, 2023, 08:07:41 PM

I saw on TV and newspapers many children of rich people entering the world of crime, the world of violence, the world of robbery. When the children of rich people go to casinos to play, they play with a lot of money because it doesn't hurt to lose money because they are not the ones who make any effort to win that money and when someone else tells them not to spend a lot of money , so they start violence, as they are very rich, they know that their parents are people with power in the government, they know that their parents have money to pay better lawyers and judges

IMO, it does not make sense to get violent if someone asks them to stop spending money may it be a rich kid or not.  Aside from that gambling does not promotes violence, nor robbery so I do not get where does this crime came from.  I do agree that due to the influence of parents of this kids, they have the courage to do crimes but I do not think it is related to gambling unless these people are addicted to gambling and steals just to have the fund for their vices.

so they physically attack all the people they want, I have seen this type of thing happen very often, unfortunately even with good financial conditions for their children, as long as the parents are very busy people and pay little attention to their children, so the children of the rich They become criminals, they become people with serious psychological problems and they become violent. we just need to see the children of rich people in the USA as they are to understand what I'm talking about

This is more like power tripping.  I agree in a point that rich people do these kind of things because they lack attention from their parents.  A way to show their rebellion by commiting offensive things just to get their parents attention or to blemish the reputation their parents are building as a sign of rebellion.
151  Economy / Gambling discussion / Re: Has anyone encountered any dog race betting here? on: October 11, 2023, 07:47:32 PM
I do not know if this site where list of online casino is stated to have a dog race betting is already given:
https://bestarabcasino.com/en/betting-sites/sport-betting/dog-racing/

Honestly, I have not tested the list in this site but it looks like some of them is accepting cryptocurrency.

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I think this aspect of gaming is overlooked and possibly an asset to casino if they give it a try.

Any activities that caters people to join the casino and use their service is an asset to casino.  Anything that will attract new users and new audiences is always good to try, IMO.
152  Economy / Gambling discussion / Re: Sustainable Approach For Your Earnings in Gambling on: October 11, 2023, 07:24:30 PM
If you take slots for example, you can just log into your account fund it and as soon as you start to play you might just start experiencing losses and in such situations the idea of “investment” won’t really work.

True!  I experience not hitting a single bonus round in slots in many of my sessions.  So automatically, the idea of @OP can't be applied in this situation.  Although @OP gives a good way to manage winnings, it does not assure us that it can be sustainable, because if one gamble's regularly, he will have to top up the funds (obviously from his previous winnings) in order to continue playing the next day.  Imagine if we suffer consecutive losing sessions, then more probably that we have to put more funds to continue after exhausting our previous winnings.
153  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 11, 2023, 07:06:52 PM
At one of the local gambling shop I visited during the weekend I happened to listen to a conversation between two bald looking gamblers at the shop talking about one of their gambling colleague who had won a big amount of money amounting to a million in the local currency and due to that win this colleague of theirs' has been avoiding them since e won that money. From their conversation it was obvious that they were a circle of close three friends that gamble together.

After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

It is possible that the friends who won avoided these two probably because he don't want to be bother by his friends asking for some tip.  Some people really change when they get ahead in life.  Like this guy who won.

It is also possible that the guy stop visiting the local gambling place and find himself busy planning and working on a business establishment to have a good source of income.  Probably the guy will meet with his friend once he is done with his plans or find free time of his busy schedule.
154  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 10, 2023, 09:15:27 PM
When we talk about difficulties, this is not the end of everything and what we need to do is fight harder and more extra. Fight against all the impossibilities that exist if other people say that you will not be able to get through all this to be able to have full control over yourself in gambling, then don't pay attention to what other people say to you and just do your best, stay focused on the main goal you are gaining control over yourself.

We need to be just firm with whatever decision we had about our gambling activity.  May it be to quit entirely, to pause for a while or to continues should be decided and be firm about the decision.  Although it maybe difficult to stop especially when it is already a part of out daily routine, nothing is too hard if we are frim enough to do it.

That's a good idea, I didn't think that "consider it to pay for the entertainment"
if you really have this mind set you will never regret the losses.

It is indeed a good way of thinking about the money we lost in gambling to enable us to forget and move on from our losses.
155  Economy / Speculation / Re: Bitcoin will reach all-time-high before halving. - BitQuant on: October 10, 2023, 08:53:53 PM
As for me, I do not think so and the all-time-high I am predicting is $170000.
At times, hearing more logical predictions tends to instill greater confidence in the analysis being conducted. $170,000 seems more grounded than the exuberant $1 million figure. Personally, I've set a sell target in the range of $80,000 to $100,000, which, based on my prior investments, would yield a profit of at least 200% relative to my current average purchase price.

Moreover, the concept of an ATH before the halving is something novel in my perspective. It defies the usual cycle, but I view it as yet another opportunity to potentially double up on profits.
Without a doubt an ATH before the halving will be a game changer and in a way it will make obsolete the knowledge we have about bitcoin and its cycles, yet such a thing may not mean what many traders could conclude, that the ATH will be incredibly high this time around, and instead it could be simply an acceleration of the current cycle we have in place, so bitcoin may still reach an ATH between 100k and 150k, the only difference is that it may do so way sooner than expected if this prediction becomes true.

But the question is, is it bound to happen?  Watching the current market movement state that the prediction of BitQuant is impossible to happen.  If it is, the price of Bitcoin right now should start rallying, instead the price is currently going sideway.

I think Bitcoin will still undergo its natural cycle, market transitioning to bullish market and the new ATH comes after the Bitcoin halving event.
156  Economy / Economics / Re: Help me analyze the feasibility of this business idea on: October 10, 2023, 08:32:26 PM
I was thinking of a possible business/work to start that will still give me the chance to do my online stuff and of all the things I thought of, these two seem to stand out.

1. I'm good in maths and science-related courses and have always loved teaching; my initial plan as a young person was to enter fully into the teaching profession when I grew up. But now I have grown to know how much teachers are paid and the fact that a single source of income isn't enough to sustain one in today's world and I'm looking at the possibility of doing a teaching job which is what I'm passionate about and use my remaining free time to focus on my crypto and other online stuff that I'm into. My issue with this is that some schools can be engaging and might not give me breathing space to face other stuff.

To be a tutor is one good answer to the problem since you can do your passion of teaching and at the same time you have the free time you needed.  It can also give you more income than being a teacher probably.

2. The other option I'm also considering is that, since I have basic experience in graphics, and also have little tech knowledge, I can start up a computer institute where I will focus on training young teenagers on the foundation of basic computer operation, graphics, some tech-related course and also use the working environment to conduct private lesson for them. My issue with this option is that there are people already using their cafe for computer training in the area where I intend to start this business so my fear is how best I can manage the competition although I have a unique idea that is different from what those existing cafes are doing.

This can only be answer by yourself. but I think you can compete against your competitor by lowering the admission fee.  This way you can have an advantage against those services that is charging too much.
157  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: October 10, 2023, 07:35:12 PM
I can say for minimal risk, Hodling is better but for maximum profit, trading is way better.

As what is stated by @OP, holding is easy, there is no need to take advantage of the fluctuation and get burn due to a wrong decision but trading on the other side can give a person the maximum profit assuming majority of his trades are successful.

Holding will not increase our coins unless we accumulate through buying and needs more fund to make it come true.  While trading can grow our stash with just the original bought coins by taking advantage of the price fluctuation making our Bitcoin holdings grow in every successful trade.
158  Bitcoin / Bitcoin Discussion / Re: In Case of Global Conflict, Is BTC The Best Alternative? on: October 10, 2023, 07:17:46 PM
I also think that Bitcoin will be useless as cash when the conflict became global.  Since there is destruction everywhere and people will prioritized their safety over their asset.  I think Bitcoin valuation is also affected by the conflict since people will prioritize food than investment during that time.

Converting all our asset in Bitcoin during the global conflict may or may not bring a good result since it will be dependent on how people will prioritize things after the war.

I think, that in case of WW III we will not need any money anymore. It will be about global instinction. At least, i hope that it will stay at local levels. In this case, bitcoin can act as a hedge against war, yeah

This is exactly my point. Most people on the thread are just going haywire with the replies forgetting that in the event of a global scale war, the relevance of any monetary item will go down to zero. So Bitcoin might not even be in the picture for most part of the war. Of course, this assumption is based on WWI and WWII.

However, A point to keep in mind is that Bitcoin was in demand in the face of a growing pandemic in 2020. It's not the same event but that's the point.

I also agree with this reply.
159  Bitcoin / Bitcoin Discussion / Re: In Case of Global Conflict, Is BTC The Best Alternative? on: October 09, 2023, 11:55:31 PM
Right now, the world is witnessing another round of big conflict in Middle East particularly Israel after Hamas operatives were able to penetrate the small country and made some havoc moves.
Are you referring to Isreal a small when comparing it will Palestine? The whole Palestine, is small in land, population and power if compared to Isreal. I see the fight as foolishness because Isreal is far ahead in power and influence.

Hamas groups got courage because they are probably backed by some Muslim countries.  They won't do such acts if there is no backers that can support them with their terrorist act.

Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets? Will it be acting like gold which can be so valuable during war?
Bitcoin has showing itself to be better during war like this, but I do not know if it becomes world war. In countries where there is war, bitcoin sell at premium in such countries. Banks can be destroyed during war, but bitcoin wallet can not be destroyed as long as you have your seed phrase.

I also think that Bitcoin will be effective in war as long as major countries are still operating normally.  But when it comes to world war where almost all country are engage in war, I do not think it makes a difference since global transaction can be possibly disabled due to global effect of the world war.  Distruction is everwhere and possibly even electrical and water supply will be affected.  Without electricity and internet, Bitcoin transaction  cannot be process due to miners unable to mine due to lack of internet connection and electricity
160  Bitcoin / Bitcoin Discussion / Re: What to know about Bitcoin Halving on: October 09, 2023, 11:37:07 PM
How is everyone doing? So I stumbled upon a very interesting topic where the user was asking about halving in Bitcoin beginners. The response to that question was so interesting so I thought of sharing it here. Because I believe this answer would clear a lot of newbies and some that don't know about what would happen to Bitcoin during or after halving. I really hope this helps so many people

https://www.reddit.com/r/BitcoinBeginners/comments/173epdp/what_happens_to_the_price_of_bitcoin_during/k42gkfw?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=share_button

Enjoy!

You could have listed the most interesting answers so that we do not have to navigate outside the forum.  You already stated that you are sharing those comment, but instead you put a link of the thread.



It is already obvious to everyone that during the Bitcoin halving, the Bitcoin market become bull market because the halving is known to be the catalyst for the Bitcoin market bull run.  We are expecting and uptrend movement once the catalyst is activated and the history even told us that during the bull-run, there are series of ATH breaking events.
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