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1441  Economy / Economics / Re: Is long-term employee retention a losing battle? on: November 15, 2022, 01:45:08 PM
If the company is too often changing employees, the company's long -term goals will be difficult to achieve, and of course it is a tiring thing if the company is only filled with new employees, the company must dare to invest by maintaining employees who have potential because if the loss of the employee then the company's long -term plan can fail .
Not necessarily a company that changes employees frequently, is not able to achieve long-term goals, this I often see in the area where I live. One example of a financial company, they rotate employees every two years, but long-term targets such as loans are going very well.
For me, the most important thing is that management, directors or heads of fields can work together to build a more advanced company, the concept lies in these three components in my opinion.
1442  Economy / Speculation / Re: The most stupid dip in Bitcoin's history - and why we can be happy now on: November 15, 2022, 09:25:50 AM
If Binance bought FTX, it would have become an enormous, almost monopoly-like, dominant exchange player. Binance would have become the new MtGox. And we all know what's wrong with that. They become single points of failure, and if they fail, then the ecosystem suffers much worse than a day the price tanked 15%.
The owners of Binance have the power to build more than FTX, why don't they do this instead of having to buy FTX, there is literally a much bigger issue yet to be uncovered, so Binance was forced to acquire and sell all of the FTT tokens. Or it could also be that Binance thinks that FTX is not running according to the target they set, so this cancellation is considered the right step for Binance.

It will be difficult for the exchange to restore trust, if the problems at hand are widespread and for this reason FTX will have a hard time restoring reputation.
1443  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: November 15, 2022, 08:44:37 AM
The West would always criticize, oppose and resist any country that wants to gain freedom form their financial bondage. The US would always want the USD to become the leading legal tender so that it could be used to manipulate the economy of other nations. El Salvador might not have gotten to its destination as regards to its bitcoin investment but it is paying the price for bravery and boldness. After this tough adventure, I am sure El Salvador would be a role model to other nations.
Overall the United States is also the best equipped for Bitcoin adoption, but use not as legal tender. This readiness for adoption is evidenced by the presence of more than 17,000 automated teller machines (ATMs). While ATMs are not limited to just Bitcoin use, I don't think the United States is completely against bitcoin adoption, as the infrastructure that is being built also has the capacity to accommodate crypto and Bitcoin travel.

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The media hype about the high probability of El Salvador defaulting on its debt obligation received a very wide media coverage but the attraction of tourist and foreign investment due to bitcoin adoption is neglected and even coveredup by the Western media.
El Salvador still has some drawbacks when it comes to Bitcoin adoption, as it does require infrastructure to run. But so far, they haven't failed to adopt bitcoin as a legal tender, media freming has reported too much negativity without compensating for the positives, so a lot of the news that comes out is unbalanced. Nayib Bukele looks optimistic that El Salvador will become a pilot country for Bitcoin adoption for other countries.
1444  Economy / Services / Re: 👉{Update} BetFury.io [Leading Social BTC Casino] Signature Campaign | Full M+ on: November 14, 2022, 06:49:56 AM
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1445  Other / Archival / Re: Most investors think regulation is a good thing on: November 08, 2022, 05:34:56 PM
In it, the majority of retail investors support the regulation of the crypto sector, believing that this will benefit the industry. 65% of retail investors and 56% of professional investors support regulation.
Regulation will not look good for the growth of crypto and regulation can also bury people's interest in decentralized digital assets, regulation will set certain limits and regulate the crypto journey according to their wishes.
For me, regulations are not important, because there will be many problems that will arise when they are implemented, many regulations are not able to run as planned.

In general, the trend towards a fully controlled crypto market in general, and bitcoin in particular, has been going on for quite some time. Every year the word KYC ceases to cause some kind of rejection and resentment. More and more crypto users are beginning to see this as normal... and even necessary, despite the fact that regulation, KYC, and centralization are against the foundations of cryptocurrencies.
The bigger the growth of the crypto and bitcoin market, the more attractive it is to third parties who want to control it, that's why for me regulation is only a matter of interest not for security as they say.
Because basically almost no one is able to maintain security, especially in relation to investments that do not involve third parties. In another sense, security is the basis for every individual in maintaining the value of the investment, while other rules have no relationship and connection at all.

I have repeatedly, participating in such discussions, written that the regulation of bitcoin and KYC is the reverse side of the success of both bitcoin and the entire industry. After we have seen the explosion of adoption and the emergence of cryptocurrencies in the everyday life of many people, this is starting to attract more and more attention from governments, bankers and regulators. If earlier they said that bitcoin is a bubble, bitcoin is used for drug trafficking and fraud, they tried to prohibit and limit it, now the course is set for regulation and centralized control.
If we deduce from all the accusations involving cryptocurrencies or bitcoin in particular, then we will find the answer why governments, bankers and regulators continue to impose regulations that must be issued in the crypto field, even before crypto developed rapidly and bitcoin adoption occurred everywhere, no never before have we heard of such a thing, they just want to find legal loopholes to restrict crypto and bitcoin, while drugs and fraud are an excuse for hooking up for them to enforce regulations, even though there is no other much better solution they offer, while Crypto and Bitcoin is much more successful in getting people to find investment formats and get out of the economic problems they are facing.

Weird things are starting to appear in cryptocurrencies, such as reversible transactions, specifying the KYC of the sender and recipient when making a transaction, attempts to transfer bitcoin to PoS for spurious reasons, etc. A little more time will pass (3,5,7 years, who knows) and KYC (centralization) will already be perceived as the basis for working with bitcoin and cryptocurrencies. The concept of cryptocurrencies is no centralization, no KYC, everything is anonymous and without third parties. But at the same time, without regulation, a huge number of scams and scammers appear, many exchanges manipulate prices with impunity. How to find a balance between regulation and the fundamentals of cryptocurrencies (Bitcoin) and is it possible? What will the industry look like in 10 years in terms of regulation and KYC?
In general I prefer the concept of bitcoin as it is now, no KYC and centralization required, Bitcoin is independent in determining its performance, without involving other influences as additional concepts are deemed necessary, even without regulation Bitcoin has limited itself to fraudulent transactions or called PoS, because Satoshi Nakamoto has formulated a concept so perfect for running Bitcoin that it doesn't require any additional concepts or other performance as a basis for consideration.
We think that the basic concept is final without any changes or additions needed, either regulations or other technical issues.
1446  Economy / Economics / Re: 5 things you should not do with your money to get rich on: November 07, 2022, 08:25:16 PM
Everyone should have a plan in using the money they have, so that we know what to do.
Many people have money, but do not know where to use it, in this case we need to review again, so that decision making in the use of the money we have is truly right on target, people often do not understand that they have expertise in which field, so decisions are not perfect when choosing something.

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1. Don't spend without a plan
In life we must have a concept, start a big plan but start from small things, we can do any business, if we want to learn to understand the basic concepts of the business we want to live, nothing is easy to do. Of course it takes perseverance and never give up with one, two or three failures that have been experienced, because the comfort zone will not make anyone grow if no one dares to take risks.

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2. Don't brag about having a lot of money
We have equal opportunities in different parts, when what we want to do is not realized, then it's just a hoax or a plan that we don't develop, the nature of people like this are usually only good at giving advice, but unable to implement the plans that were previously made , we often find this type of person in developing countries, although it cannot be categorized as a whole.
Anyone can give advice, but not many people are able to carry out the scenario that has been planned.

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3. Don't always buy something that loses value
In our opinion, this is a step in maintaining the value of the currency, there is nothing wrong with bitcoin being a priority in considering investing, because Bitcoin is one of the three parts of an investment that is able to maintain value, one of which is Bitcoin, Gold and Land.
We think almost everyone agrees with these three things, although they have different patterns, both in terms of profit levels and approaches to starting investments.
These three models can hold value in the long and short term, recession and inflation do not have a major impact on all three, because indeed these three investment models can hold value in the long run, although profits can vary between the three.

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4. Don't waste money on useless things
We often listen to frugal advice from parents, maybe this is the basis we often hold for financial problems, when someone decides to buy something he wants, the main step that we must pay attention to is whether the item is an urgent need or not.
This is important so that our finances are not wasted on unproductive things, unlike the case if we use the money as investment capital that we have planned, finances must be controlled properly, in order to provide maximum profits in the future.

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5. Don't invest suddenly
In our opinion, this is more technical in nature, before we jump into the world of investment, then the basic things that we must learn that are directly related to investment, it is important to learn first before starting. For example we invest bitcoin, then the basic things we have to learn about bitcoin, be it the annual cycle, the history of the market and the right way to enter the market, I think this little thing is quite important, because if there is a correction to bitcoin, we will not experience excessive panic, as well as other investments, but the most important thing is to be willing to take risks, because in this world there is no form of investment that does not involve risk.

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Finally we can conclude, that an individual can encourage to do things that are more useful, because input and suggestions from others, only a small part can motivate us or can change individual desires.
For that we need an approach, creativity and a way to see one's potential, when people begin to understand which side is inside of him, this will make it easier for a person to get out of his comfort zone, therefore it is important to motivate himself to continue to grow and become more productive.
1447  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: November 06, 2022, 04:28:05 PM
FT Everton 0 : 2 Leicester City
FT Chelsea 0 : 1 Arsenal
FT Aston Villa 3 : 1 Manchester United
FT Southampton 1: 4 Newcastle United
FT West Ham United 1: 2 Crystal Palace


Arsenal showed very good quality in this game, they controlled the game and made it very difficult for Chelsea to develop the game. The match was quite fierce, five yellow cards were given by the referee to Chelsea players. Arsenal deserved to win in this match, because they played quite well, this victory brought Arsenal back to the top of the standings, two points adrift of Manchester City who got a dramatic victory from Fullham.

Manchester United had to accept the first defeat since nine unbeaten matches in all competitions, Aston Villa managed to destroy the positive trend of Manchester United from nine matches before, Erik Ten Haq's foster children were made helplessly accepting defeat in this match. The next interesting match between Tottenham Hotspur against Liverpool, this will be an important match for both clubs to secure full points.
1448  Bitcoin / Bitcoin Discussion / Re: Does Satoshi Needs to Reveal His Identity ? on: November 06, 2022, 09:16:34 AM
There are so many people in the Bitcoin Talk Forum who have interest to discover the true identity of the Bitcoin and Blockchain inventor. Also there are few who oppose the matter, that Satoshi Nakamoto must not reveal his identity.
How big of a presentation between people who want and don't about Satoshi Nakamoto's identity.
He has lived peacefully in the great work he has ever created, it must not be marred by the Identity that some think should be revealed. I want to know which side you should be on when this happens to you, as well as the answers you want to know.

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I am so much confused regarding matter. So I think, it would be better to arrange a concensus about the identity of the Bitcoin and Blockchain inventor. The members of this forum can vote for themselves and it will be helpful for Satoshi Nakamoto to make a correct discussion.
The confusion you mean cannot guarantee security for the inventor of bitcoin, the correlation between correct discussion and Satoshi's identity is very far, let him live quietly with loved ones and his work will be remembered throughout the history of human life.
Consciously or not Satoshi has changed many things for development in a more positive direction, bitcoin involvement is a great work that should be maintained without having to know who the creator is, many uses have been made of Bitcoin for people, no awards and no need for identity.
1449  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: November 05, 2022, 05:04:35 PM
What's going on in the Manchester City Vs Fulham match? currently the score in this match is Manchester City 1 - 1 Fulham. In addition, Joao Cancelo also got a red card.

I didn't think that the absence of Haaland in the Manchester City line-up would greatly affect the results they will get. What do you think? can Manchester City get a win in this match with the current conditions? I am pessimistic that they will score again, other than that Fulham will likely play more defensively here.
Fulham players are very difficult to stop the movement of Manchester City players. Even though Joao Cancelo got a red card in the first half and left them down to ten men, Manchester City's dominance still looks pretty big and it's still very difficult for Fulham players to stop.
 
Manchester City's second half did not reduce the tempo of attack, Pep Guardiola changed strategy by playing three defenders and it proved Manchester City could carry out a pretty dangerous attack, Halaand had surprised goalkeeper Bernd Leno with a header, but the referee ruled out the goal, because Halaand was in an offside position after watch reruns using VAR. Halaand ensured Manchester City got the full points in the 94th minute with a penalty kick.
1450  Bitcoin / Bitcoin Discussion / Re: How mentally prepared are you? on: November 01, 2022, 05:41:44 PM
Your way of saying this seems to come off a bit differently than mine, even it seems that we are coming to similar conclusions, at least in regards to bitcoin having had had a strong investment thesis and continuing to have a strong investment thesis.

When I read your above description, you seem to suggest some kind of fatalism, as if it was inevitable that bitcoin would succeed or even that it is inevitable that some day bitcoin is going to reach another ATH, and I am somewhat bothered by that kind of a framing even if you might end up being correct in terms of results.

I do believe that it is nearly inevitable that the dollar is guaranteed to go down in value because the underlying monetary philosophy and practice that underlies the dollar causes it to have an ongoing push down on its value - both in terms of the ongoing printing that dilutes its value but also the underlying system of seemingly perverted incentives that suggest that people have to be incentivized to continue to work because their saved dollar will be losing value sufficiently great that they will not have the same purchasing power in 10 years or longer.

When I got into bitcoin in late 2013 (which is going on 9 years now), I had continued to invest.. even during the long downward price moves of all of 2014 with the BTC price going down the whole year and also the BTC price staying down for almost the total of 2015 because I had considered bitcoin to have a good investment thesis and likelihood to do as good, if not better than my traditional investments (in stocks etc) that had largely ONLY performed on average around 6% per year for the previous 25-ish years... So I figured that if bitcoin at least performed on par to the the stocks, I would not be worse off by investing into bitcoin, so I put enough into bitcoin in order to attempt to account for the possibility that bitcoin may or may not perform equal to my historical stock investments while accepting that BTC could end up going to zero.... and at the same time, my idea that bitcoin could go to zero was off-set by the idea (that I could see from the historical charts) that bitcoin had chances to way out-perform my traditional investments.  So if I attempted to calculate both the possible upside and the possible downside, I felt that I was able to reach a valuation that allowed me to conclude that investing into bitcoin was at least as good as investing in traditional investments - so in that regard, I was able to justify to attempt to invest into bitcoin at an allocation that was proportional to the value of my stocks to bitcoin.. In the beginning, I did not know what my bitcoin investment comfort level was going to be or my allocation into bitcoin, but after about a year investing into bitcoin, I figured out that I wanted to put 10% of my then quasi-liquid total investment portfolio into bitcoin... So I figured my allocation to BTC amount based on a formula that I considered as comfortable to me in terms of my various individual factors.
The difference is unique and beautiful actually, because it will find some arguments with different patterns and ways of thinking, but in the end will find the same conclusions in each discussion. This is a way we take care of the ability to think and analyze problems.
Rest assured, this kind of thing will not bother anyone, because indeed bitcoin will do that, although we can't be sure of the exact time, you taught me about optimism in the previous discussion, even though it was not said directly, that means my statement will not bother you and others regarding this type of framing assumption, bitcoin will surely re-invent ATH, am I wrong on this?
and I know the answer, although sometimes you won't say it out loud, and it's inevitable when it comes to the next ATH for Bitcoin.
That's the reason the traditional model will not help one in changing the investment style, considering the times and technology have presented many ways to get out of monetary practice, the dollar will continue to experience a decline in value in the case of storage, that's why we must take part in Bitcoin, let alone relate to purchasing power in the next 10 years, the dollar is clearly unable to maintain value.

The bitcoin cycle is complicated to understand, that's why we often call it Fluctuation, but we have been taught how bitcoin goes through a long process, so no one thinks any level of investment is safe to make or vice versa, your experience may be longer than mine, that's why I'm sure you won't have any problems when I start framing about ATH. Because honestly bitcoin is too unique to understand, and too difficult if we don't try to speculate.
I quite agree about the amount of investment, we can set the level of comfort and the value of bitcoin that we must have, the allocation can be different, according to the authorized capital, previous profits and the level of additional purchases, if someone knows to buy at the right time, then that's when someone will feel confident in bitcoin.
I'm not very familiar with stocks, but in general it may be almost the same as the investment pattern, but I agree more with the use of bitcoin than stocks.

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Yes.  Overall the dollar is nearly guaranteed to lose value, and bitcoin had great chances to continue to increase in value - especially if we are looking 4-10 years or longer.
This is what drives me to continue to increase my investment in bitcoin, the dollar will never be able to maintain its value, while bitcoin in the next 4-10 years will continue to show its existence, especially in terms of utilizing investment and generating maximum profits.

Of course, people have to decide for themselves, yet to me, it seems that if someone does not have any bitcoin, then the best thing to do is to get started right away and without delay. Get some systems set up in order to figure out how to get bitcoin, and then once those systems are in place, then the next question might be a matter of how much.  Personally, I believe that no matter what the BTC price, it is not good to wait, especially if you do not have any bitcoin.

On the other hand, we know that bitcoin can be quite volatile, so it might not be as wise to invest into bitcoin while the price is going up exponentially, so that can be a much more difficult decision to figure out when and how to get into bitcoin when the price is going up....  I am not going to necessarily proclaim to know the answer regarding how to deal with BTC price going up and how to get in during those periods, and people (especially no coiners) have to decide for themselves how to get in with the combination of DCA, lump sum investing and buying on dips.

One of the reasons that low prices should be greater justification to get into BTC, even though we likely realize that more people seem to get into bitcoin when the price going up rather when the price is going down or seemingly stagnant and low like it has been in the last 4-5 months or so.   .. maybe part of the reason that people have tendencies to do the opposite of what they should do by buying bitcoin (and getting in) when the prices are up and selling bitcoin (and getting out) when price are down.
It's better to collect bitcoins, than to convince others to start. I mean people will understand that bitcoin is growing and improving year by year, if they start to try and stop spreading negative things about bitcoin, this is especially for people who don't believe in bitcoin.
As for people who have started receiving bitcoins, they must have made an investment, especially when bitcoin is worth buying at a price that is not too high, so the use of bitcoin investment will proceed according to a gradual purchase (scheme).
This is directly related to how to enter the market, generally everyone will take part when bitcoin starts to fall. Fluctuations always make people panic, especially if they take the wrong step when buying, then that's when they panic and take inappropriate action, and it is because of this condition that people say bitcoin is a scam and cannot maintain the value of investment (those who don't understand investment) .
It is very easy to see the pattern of people buying bitcoins in large quantities and buying in small quantities, most of these two people buy more often when the price goes down, although there are also those who buy when the price goes up, because of the use of additional purchases, sometimes it takes the right time to enter market.
However, as you said, that method, pattern and incremental buying depends on each individual, where lies comfort when starting to enter the market.

Well, it seems that some of the difficult choices that we have will result in our attempting to figure out various less worse solutions, and I am not even conceding that we necessarily have to be pessimistic about having a bunch of bad choices, and we can look at them in the negative if we like because systems have trade-offs and the various systems do likely bring good outcomes even when some people disproportionally benefit from various systems, infrastructure and rules that are in place.

Accordingly, bitcoin seems to give everyone access to a possible way that s/he can benefit disproportionately as compared to other systems that had been available to him/her.
Sometimes the method is very much determined by the way someone determines the strategy, while the benefits are the result of a strategic process that involves infrastructure and dares to get out of the comfort zone.
And maybe this choice will be based on previous experience, or it could be that people will continue to develop, when initially having problems in investing.
Don't really know and not really sure.

Well we have to find our balance and what we believe binds us to "law" - especially since not all laws are just, but we are likely going to be more grounded if we have some kind of a vision regarding what binds us and motivates us.  Without necessarily moralizing, there seems to be a certain morality that comes through something like bitcoin in terms of its seeming neutrality... a kind of neutrality that allows for the measurement of value that is not robbing from the people and disproportionately giving the robbed money - such as what the fiat system seems to inevitable gravitate towards those kinds of trade-offs, but bitcoin does not necessarily get rid of various traditional systems in which man is still making rules that are likely (or meant to be) compromises in society.
Sometimes talking about the law is too slow for us to start something, although it is also not recommended to violate it, let alone talking about laws that are unfair to certain circles, this kind of approach is sometimes very difficult to understand.
But bitcoin doesn't necessarily get rid of traditional systems where humans still make possible rules, but it doesn't eliminate the basic philosophy of early creation, and it's possible to compromise.
1451  Bitcoin / Bitcoin Discussion / Re: How mentally prepared are you? on: October 31, 2022, 04:58:09 AM
I am not much of a fan of the expression 1 BTC = 1 BTC, even though I understand and I agree with the sentiment that involves attempting to consider various ways to think about your BTC investment in long term ways in order to create a variety of goals to help you to continue to stack sats whether your investment period is 4-10 years or longer, and in any event, sure there are needs to also consider whether or not the amount that you invested into BTC and/or that you continue to invest into BTC gains in value as compared to if it had been left in dollars - but at the same time, investing into bitcoin remains a kind of insurance system, too.. so it may not end up seeming to pay off in terms of dollars in the short to medium term, and even in the long term, it might have had been keeping value in dollars - even though it is quite doubtful that keeping value in dollars is actually going to pay off if you really consider the matter in terms of 4-10 years or longer investment time horizons.
It is important to make a period of investment in bitcoin, this will make people more mature and feel right when bitcoin finds its ATH again. For example 10 years ago, some people thought of bitcoin as an ordinary investment, but in fact bitcoin went to the moon in a certain year, then the use of bitcoin for people who thought like that obviously did not develop, until in the end they took part in the next period, even though at that time they began to open to bitcoin, today the assets they have are increasing and are much more leverage.
Maybe me and some people who think so have been left behind by some period when bitcoin started going to the moon.
And I don't think that the dollar can maintain its value in the long term, because when the dollar is converted in the form of purchases of goods, the dollar's value will also decrease and it will not be able to maintain its previous value.

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If you consider the extent of the irresponsibility in the whole fiat system that involves the dollar as the strongest of the various fiats, but all of the fiats are considerably fucked in terms of their ongoing inabilities to hold value in terms of goods and services, and there is pretty damned close to a 100% guarantee that each of the fiats is going to depreciate in value, especially when looking out 4-10 years or longer - so in that regard, consider how much value you are going to put into BTC and how you are going to invest into BTC over the next 4-10 years or longer, and do you merely consider investing a lump sum at whatever price BTC is right now and waiting out the 4-10 years or longer or do you continuously inject value into bitcoin until you at least get to a decent percentage of your net worth into bitcoin?
It's simple, when today we save $1000/$5000, then the next 4-10 years the dollar will depreciate, maybe even buying a pack of cigarettes with that amount of money is no longer enough. Because some products will continue to increase in price, that's why fiat can't maintain value.
While bitcoin is speculative, it is still capable of maintaining value, and interestingly for bitcoin, in the next 4-10 years it is likely to reach the next ATH, thus the value of bitcoin will continue to increase, not decrease like fiat currency. Because talking about bitcoin, there is definitely a cycle in it, so the correction and recovery process will arrive at the next process.

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How much and how you get into bitcoin are personal decisions that are going to vary based on a variety of your personal circumstances - including but not limited to if you are brand new to bitcoin and/or brand new to building an investment portfolio or if you already have built an investment portfolio (whether or not it might currently include BTC contained therein).
This is a technical thing to learn, when is the right time to make a decision on investing in bitcoin, and I think a lot of people understand this condition.

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We are still quite early to bitcoin, and there are a lot of people who are really smart when it comes to a variety of issues, including investing, but they may well be dumb as fuck when it comes to understanding what role bitcoin currently has and where bitcoin is likely going, which might even get into misconceptions in regards to knowing how to valuate bitcoin as compared to various traditional investment possibilities, and they might not even realize how fucked the whole system happens to be in terms of how a lot of assets have been corrupted by relatively long and ongoing corruption of various fiat systems that are having troubles keeping up their valuations because they are in a printing pickle (dilemma/trap) that they are having quite difficult times extracting themselves from the ongoing propping up of value and mis-valuing goods and services, assets and a variety of corruptions in the valuations - and it surely seems that bitcoin has a role to play in terms of hedging and giving options to those who can somewhat understand and appreciate its hedging, options and insurance providing features that happens to relate to its ongoing soundness that people might not be recognizing when solely valuating it in terms of how many dollars they might get from it.. and you better have some of those bitcoins when your millions of dollars can only buy you a cheap used car...
Many of the problems caused by the traditional investment system, fiat has experienced the worst system to date, where corruption, injustice and even guarantees of protected human rights no longer play a role. It's true that this is not completely borne by third parties, we are constantly given difficult choices, but there is no solution that can be presented by them (not anti), but the reality that we experience is like that.
So that the role of the individual is a special method that must be developed, so that we have our own style and rules in living life, do not violate the law and do not forget the meaning of humanity are two things that are enough.
Bitcoin is also capable of maintaining insurance options, but it is independent, we control and we also hedge, if the dollar could only give us a small house, a used car and an ordinary life, then bitcoin could give us ten times more. It's just a matter of time and keep collecting bitcoins, then we'll go to the moon when the next ATH arrives.
Due to the fact that I experienced, very close to what you said, that means slowly and gradually accumulating bitcoins is the right step in preparing yourself for the moon.
Cheers
1452  Economy / Economics / Re: What do you think of gold price in long term? on: October 30, 2022, 05:14:28 PM
Back in the day the tech to make pure aluminum sucked and even though aluminum was common it was costly to produce. So gold if truly on an asteroid in amounts 50 fold what is available here means nothing short term because getting down here at a good cost does not seem possible.
The raw materials for making aluminum are getting scarcer day by day, this will cause prices to jump below the standard, considering that countries that have aluminum are increasingly difficult to find raw materials.
Moreover, it has not been found renewal or can be updated regarding aluminum raw materials, thus it can be ascertained that this raw material will be increasingly scarce.
Although researchers are developing ways of renewing, natural processes are more determined than human intervention.

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Btw if we could bring 50x the supply of gold down to earth cheaply we would a
have a battery revolution as solid gold batteries would last as long as 100 years.
Gold is by far the best material for electrical use.
True, but unfortunately this cannot be done, because the limited amount of gold available is not able to accommodate large products for gold batteries, so gold efficiency is not included in this category.
Call it like America and Germany, these two countries have large gold reserves, but the connection with the battery revolution is also not included in their long-term projects, although we do not know for sure why this is not started to be developed.

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I am actually surprised silver is as low as it is. Silver peaked near 50 usd twice since 1978. It has real utility in many cases yet remains well under that 50 usd number.
To be honest I'm not really surprised why silver is so much lower than gold, even though silver has reached the peaks you described.
But when it comes to advantages and disadvantages between gold and silver, gold is definitely superior. So on this basis it is sufficient to provide a reference, that gold is superior in terms of price and usefulness. Currently gold is able to maintain value, although it is not very effective in investing.

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so three snapshots of gold to silver

2022 80 to 1 gold to silver
2011 40 to 1 gold to silver
1980 20 to 1 gold to silver
The correct number in the calculation based on the ratio source. But the opposite will be true for now, given that silver is starting to lose market value, while gold is getting better in terms of value and usefulness.

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For me silver is likely to get closer to 40 to one ratio then gold will be able to maintain the 80 to 1 edge it has now.
Do you mean the price advantage or the number of holdings both, because if this is related to the price, it is certain that gold will be better in the future, judging from the current price and other advantages in maintaining the value of the investment.
But given the choice, bitcoin is far more capable of holding on to its value, even when there is a recession or inflation.
1453  Bitcoin / Bitcoin Discussion / Re: Bitcoin mining ban in Europe on: October 30, 2022, 02:37:52 PM
EU Countries Must Be Ready to Block Crypto Mining, Commission Says
"The European Union's executive arm also wants blockchains to show energy-efficiency labels and to end crypto tax breaks.
Only discourse and still in the stage of making rules, they only try to make the energy produced by crypto miners more efficient. But actually the energy efficiency needs by miners are not too large. I have read some news about the needs of electrical energy for miners, even the need for electrical energy is much lower compared to the needs of large companies that are widened in several regions of the European Union.
More precisely this is just an idea to find a special formula for the problems faced, so this principle in my opinion is not too efficient.

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Europe represents 10% of global proof-of-work mining
True, but does not have a strong reference that Europe represents 10% appropriately.

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Can this affect the price of bitcoin or is this another anti-mining statement?
Not fully bitcoin influenced by things like this, China has made a strong ban on Bitcoin and Crypto mining in general, but Bitcoin is not influenced by the country, the decline in Bitcoin prices is caused by several more dominant things, rather than measured by Prohibitions caused by certain countries, because Bitcoin is not bound by state rules and is influenced by just a few people.
The price reduction process for Bitcoin has no connection with this kind of prohibition case, because several other countries also impose previous restrictions, but Bitcoin is still fine today.
1454  Economy / Economics / Re: House is a forced saving on: October 28, 2022, 03:05:30 PM
Guy often tell me house is a force saving. By looking at the market today, full of scammer roaming around, and countless unsavoury characters and get rich quick scheme, jobless highly educated youth. I conclude buyhouse is not only a “forced saving” but also a “save yourselves”.
It's still speculation.
I mean a house in the wrong use will not be able to provide any results, except for people who are married and need a decent place to live.
Utilization of the house can be classified into several functions.
1. Residence
2. For rent
3. Business

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We often heard about a lot of highly educated youth had no jobs, underemployed, which is very bad today and getting worse day by day.
This is a fact that actually happens, education does not guarantee someone can improve their standard of living for the better, because the function of education is not only about finding a job.
Instead, we will be able to get out of the poverty line, when we have the skills and expertise in our respective fields.

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What they often failed to see is it has been norms in the past, do you not know every scientist is borderline poor and bloke, Albert Einstein is not rich, Newton Isaac is bankrupt poor on south sea bubble, Wright brother is poor, we often read about how great are scientist on the textbook who create useful invention to improve life, but there is a catch, the textbook conveniently never mention the scientist personal wealth, it’s apparent textbook censor the information they do not want the kids to know all the scientist are living paycheck to paycheck and borderline poor, where they often has to wagecuck and sell their IP to the government to make a living.
We are always faced with how to solve our own problems, depending on the government is a backward thinking system, they (the government) cannot reach all levels of society, so it is not right to expect full from them.
That's why the skill and courage to get out of the comfort zone is the style of people who have a life vision for success. Bitcoin provides opportunities for anyone, depending on how we use it and everyone has the right to choose a way of life with their own pattern, but I think bitcoin is the solution to the problem you wrote about at length.

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Then I’m often getting bombarded with doubt “Do you have a better system than existing one? Do you?” Obviously I don’t have any and I would never come up with one, keep trying to beat the house and to realise how great/lesser a person you are.
The choice lies in the way you move and think, technology is developing rapidly nowadays, everyone can learn about existing or new investment models.
Personally I prefer investment ?
1. Bitcoin
2. Gold
3. Land
The three investment models I mentioned can maintain currency values, regardless of inflation or not, and maybe you don't need to believe what I say, but technological developments provide a lot of information that you can dig into to make a decision.

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House price is soaring, but finance advisor telling me to debt maxxing on house loan 90% loan and 0~10% dp, and it’s fine. Because bank want to increase revenue, increasing house price is what the bank did, by increasing house price, guy would take more loan to buy house, that way bank can increase revenue by increasing house price and increasing the loan to buy house, then bank can charge interest on the house loan to make profit.
The biggest mistake people make is buying a house using a bank loan, did you know that the financial system has different interest rates, we are forced to take money from them, then told to return it at a predetermined time. Interest rates can ensnare us in new problems, because if we cannot cover the installments, then there will be a finality given, even worse when several times we do not pay the installments, the collateral we use is sold according to a predetermined agreement. Our lives cannot be controlled by others, there are still many ways to get out of the Bank system.

Bitcoin can be a solution to the problems that people face, many people have managed to get out of financial difficulties by using bitcoin, but not everyone is successful, if they don't understand how best to invest in Bitcoin.
Fluctuations and risk are two things that society will face, and it is important to know them thoroughly, so that we do not fall into fear and panic when bitcoin undergoes a correction.
1455  Economy / Gambling discussion / Re: ⚽UEFA Europa League Discussion Thread -- 2022/23 | Group Stages on: October 27, 2022, 06:59:57 PM
FT: PSV Eindhoven 2 - 0 Arsenal.

PSV Eindhoven played quite intensively in this match, although Arsenal still dominated possession of the ball. Joey Veerman scored in the 55th minute using a beautiful pass from De Jong, while in the 63rd minute De Jong made his name on the scoresheet, receiving a fine pass from Cody Gakpo. Arsenal suffered their first defeat in the Europa League, although this defeat did not affect Arsenal's standings in the Europa League, the result of this defeat stopped Arsenal's last 10 matches without defeat in all competitions.

The next match between, Manchester United against FC Sheriff, should not be a difficult match for United, considering they were able to win the match in the first leg when they traveled to FC Sheriff's headquarters.
1456  Economy / Gambling discussion / Re: UEFA Champions League 2022/23 Season on: October 26, 2022, 09:40:14 PM
In the end Barcelona had to settle for and stop progressing to the last 16 of the Champions League, they were only able to ensure a ticket to the Europa League, which was not interesting they already knew they had stopped to the last 16 before playing against Bavaria. Very bad achievement for Barcelona this season in the Champions League.

A number of clubs who made sure to qualify for the round of 16 and become grub champions?
1. Napoli
2. Club Brugge
3. Bayern Munich
4. Chelsea
5. Real Madrid
6. Manchester City
7. Paris Saint-Germain
8. Benfica

While the runner up will be filled by
1. Liverpool
2. FC Porto
3. Inter Milan
4. Borussia Dortmund

The rest for the runners-up will be decided in the sixth match, and the most interesting will be in Group D.
Tottenham, Marseille and Sporting CP are still struggling to become group winners and runners up. But there is no certainty, considering their points are the same, only Tottenham are one point ahead of Marseille and Sporting CP.
1457  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: October 24, 2022, 05:55:15 PM
I claim that I don't really know very much about technical matters; however, over my nearly 9 years in bitcoin, I have done bitcoin transactions in a variety of ways - including some services that were like exchanges, and other variations of wallets, and sometimes interacting between these - if there is some desire to interact with someone or some service or even claiming forked coins in 2017 (which was a challenge for me to learn some things/angles about derivation paths).

The longer that we are in bitcoin, hopefully we learn things, yet in my above comment I was also trying to suggest both that things change and that there may well be quite a bit of geographical variation or even variation in terms of whether people who want to transact in bitcoin might know people in the real world who would like to transact directly with them - and maybe not even using any third party services, beyond wallet to wallet (and wallets might differ, but if they are transacting directly they can frequently negotiate terms and/or fees in respect to any transaction that they might decide to do).

The more options that anyone has would likely increase their abilities to negotiate terms or even refuse to transact if they believe the financial or even the safety circumstances are not good for them.  Or maybe some people might get worried about accounting, so they might not want to engage in some transactions because they might believe it creates too much accounting work for them.  So for example, let's say that someone wants to buy $300 in bitcoin from me, and if the BTC price had moved dropped a lot, I might feel that I would ONLY want to do such transaction if the fee is high because I feel that the BTC price might not drop anymore in order that I would be able to rebalance my books at a lower price (which might have been my attempted practice of sell and replace by rebuying at a lower price, if possible).

If someone has BTC, then probably they have more options to set the terms of a negotiation if someone else does not have any BTC, they want BTC, but they cannot find any other way to get BTC that they feel comfortable with... so in that sense if I am amongst one of their ONLY options for getting BTC (and I know it), then I could be more strict in my negotiations.. maybe?  Personalities can come into play too because some people are more ruthless in their negotiations than other people, and there are likely circumstances in which people like to "build good will," and other people want to be perceived as a "ruthless bargainer."
Indirectly your experience has reached a perfect stage, where you say almost 9 years of conducting transactions in various ways, both exchanges and wallets that have ever existed.
I didn't really find anyone like you, neither on forums nor outside, I mean you have a pretty broad insight into bitcoin knowledge, at least this gives me an idea, after seeing some of the replies you have on the forums.

We will get experience according to what we learn, I believe it takes direct involvement in bitcoin investment, so that we know more basic and deeper technical things, rather than listening to advice and input from experienced people.
That's why bitcoin never limits people to discuss, investment choices and how people take part in it, this uniqueness we will only find, after we are really in the system, the rest of the technical things we can learn from various ways and sources available power.

To be honest, people never refuse to invest in bitcoin, even though they have suffered losses, because almost everyone is consistently in bitcoin and gets the maximum benefit from the investment, coupled with a complete knowledge of the things to consider.
There are many ways to outsmart the buy price when it drops to the sell price, all it takes is patience in recovering the accumulated correction, because bitcoin is clearly able to maintain value, so there is no need to worry and panic in this condition. That's why it is necessary to get involved in bitcoin investment, so that we can clearly know the options and terms of the negotiation, because the role of bidding and negotiation must really be able to bind people's desires.


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These kinds of dynamics happen all over in the world when we are dealing with people.  There are always a percentage of people that we might find annoying or crazy, and some kinds of activities/jobs involve more interactions with people in the real world but also some jobs/activities can be structured in ways that might lessen or even eliminate interactions with other people or even the ability to negotiate if some people might set up their transacting arrangements as "take it or leave it" and other people love to haggle in their interactions.

So, maybe if you interact with someone and they might not have any other offers, or they believe you give them the best deal, or they can trust you not to screw with them, then they might keep coming back and referring their friends - and yeah, you may or may not want to be perceived as the "bitcoin guy" or "master of bitcoin" as you put it.
But the difference is that people can ignore things that are considered to interfere with our involvement anywhere, it doesn't matter when interaction is reduced and lost with other people, if the annoying nature of them is not changed from a narrow view to be more open, so we don't waste energy. in dealing with or serving them.

Because as you stated, that dynamics like that will continue to happen all over the world and for some people this will not be okay, because we can use negotiating skills for people who are serious about bitcoin.
The question is whether everyone involved in the dynamic discussion knows bitcoin, has ever been involved in investing and or just wants to have a wild discussion for a truth that has no effect on them.

Because for people who are aware, bitcoin is the best decision in increasing economic resources, in different ways but has the same function "Maximum Profit". Moreover, bitcoin can maintain the value of the money we spend, so waiting for the accumulation of Bull Run is not to be in a hurry, the reaction will appear after the bitcoin market finds a correction.


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Well, sometimes we do have repetition of themes, and some members have more patience than others in terms of dealing with repetition of themes.  I feel that I have way more patience with repetition when I believe that the poster is being genuine - rather than merely trolling... and sometimes it is not easy to know these answers.

I know that even I will sometimes post in ways that seem less than genuine, and maybe I either go on the attack of another member or fail to have enough patience with another member because I might make some premature presumptions about their intentions or even sometimes read the interaction/post wrongly.
And I'm sure you already have the answer to this, one's patience and persistence in any case will affect the impact on the final result to be achieved, that's why I say you already know the easy answer.
As long as the bitcoin debate is not in technical terms, I agree not to be limited, as long as it doesn't attack and give misguided understanding to others, because it's based on the fact that bitcoin's uniqueness is due to the life of discussion , although it's not too basic for the reasons I gave.

Incorrect interactions/posts become a reference to how far they know bitcoin, dynamics sometimes don't need a reference, as long as the discussion regarding bitcoin doesn't come out of technical matters. And I'm sure, of the many people who discuss and are still unfamiliar with bitcoin, I am one of them. It may be.


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People are in different stages of their learning, and some people go through shitcoin phases, or they might get reckt or they might be resentful about some earlier bitcoin (or crypto) transactions that they made, or they may be influence by either wrong information or assigning the wrong kinds of weight to the information that they know to reach bad/wrong conclusions.

We are all subject to wrong conclusions and/or weighing our evidence wrongly.

If I am interacting with a member and calling them a "dummy," I might later realize that I was the one who was the dummy - so we are all subject to getting some aspects of bitcoin wrong, and it seems that a lot of us are hear to share information - should involve both teaching and learning - even if there might be periods in which we are more on one side of the relationship depending on with whom we are interacting, and we likely can also treat other members as peers even if we might feel that we know more than they do in some areas.. but there could be areas that other members know more, including their experiences.. I cannot know your experiences unless you tell me, and I can attempt to make inferences from what you tell me, and sometimes if information is communicated badly, then I might get it wrong. and it still might NOT mean that you are a dummy just because I am having troubles understanding the message that is being attempted to communicate.
I am part of the people you say, because I started cryptocurrency from shitcoin, but after so long in this space, it seems something is wrong with my thinking about shitcoin and for that I started to develop myself to get to know bitcoin specifically.

Bowing to wrong conclusions or weighing inaccurate evidence.
Since I started this space without being taught by anyone, I am self-taught about the Crypto space, so getting to the bitcoin level will be difficult for some people I have in common with.

However, as long as we are willing to learn, then nothing is impossible for us to achieve. I became one example of thinking Shitcoin turned into bitcoin. As I want to know, the way you serve the discussion of many people in the forum, that's the hardest part for people like me, because what I see you are people who always consistently serve long discussions in forums about bitcoin.
There are many ways available in bitcoin, this uniqueness will appear when someone seriously explores the best side of bitcoin, while how to use, transact and invest is a technical part that must be studied well, so that some beginners do not get caught in fear when bitcoin undergoes a correction.While the bitcoin cycle can be seen as the basis from which we should start, if bitcoin thinking has become the basis for investment decisions, then the technicalities will emerge in understanding and following developments.
1458  Bitcoin / Bitcoin Discussion / Re: Lightning Network Observer on: October 23, 2022, 06:54:52 PM
Very poor people can still invest into bitcoin, and they do not have to NOT operate a node and they do not have to use any inferior aspects of bitcoin or even any side chains if they do not want.  They can buy bitcoin little by little, and they can study bitcoin at the same time to figure out how they want to store their bitcoin and even the extent to which they might run a node  or to engage in any of the securing the network aspects that come with running a bitcoin node.
Very appropriate, personally at first we also experienced problems in terms of starting bitcoin investments, because the available capital could not make large purchases of bitcoins, so on another occasion I had to find a way to be able to start investing bitcoins and finally decided to buy bitcoins a little little by little, today my financial strength is increasing, following the bitcoin price increase in the previous year.
Many people don't understand the concept of investing in bitcoin, so they don't look for ways to get around it. In fact, if we look further, bitcoin has grown so rapidly to date.

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Regarding lightning network or any other second layer those are additional use case options that they can choose or not choose to add to their BTC participation that might go beyond merely just buying bitcoin, whether it is $3 per week or some other amount that might work for them.
Many options can be added regarding the second layer. Think of it similar to having friends with someone on twitter or other social media. This way, if the user does not have an open channel with someone on the lightning network, there is still a path through the shared user.
More precisely, there are many ways that can be solved using the network, so convenience for convenience will continue to be created and bitcoin is the basic idea of ​​the emergence of the innovation that we are discussing.

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By the way, between about 2015 and 2019, I used to buy and sell bitcoin to random folks, and I would charge anywhere between 5% and 12% premium over what I considered to be my replacement costs for the mere hassle of meeting some stranger or some random person, and I would also tell them that I did not want to arrange a meeting unless they were going to transact a minimum of $300.. and many times I had maximum amounts too.. such as maybe just a few thousand, and if I got to know them, then maybe I would agree to go outside of the ranges or to change the premium.
It still looks offline, even though this development has gone through a much more developed level than before. I mean, if doing transactions in the year using numbers like you mentioned, then under $300 is very unbalanced, even when someone does and wants to make a transaction, the main thing to think about is distance and meeting arrangements.
But now we no longer need to do distance and time management, because people abroad can make transactions so quickly and cheaply with bitcoin, the adoption and development of bitcoin is very sophisticated through the available technology.

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People will sometimes meet others at bitcoin meet ups or other events and then agree to buy or sell bitcoin, and I suppose if they know each other they might decide not to even charge any premium or to have minimum amounts, and maybe if someone is in a really poor location they might choose to trade very low amounts - and it used to be that some of the exchanges would allow trading of any amount, even a dollar... but these days some of the exchanges will have $5 minimum.. or some other similar amount as their minimum trade amount
It may be due to unbalanced transaction fees, that some exchanges decide to take minimum and maximum steps for trading.
Of the many exchanges that I have searched, it is true that they make a minimum figure of $5 for transactions, but I also don't know whether this minimum restriction is to compensate for the number of transactions made by someone.

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There are ways to attempt to work around minimums, and I would imagine that some of the ideas around minimums would depend on the environment.. Sometimes when BTC prices start to move a lot in a short period of time, some individual buyer/sellers don't want to transact, and some exchanges will shut down or "pause" their services, and maybe volumes get high, or maybe the price gets so volatile that they don't want to get caught on the wrong side of a trade (or a bunch of trades that are flooding in and meeting in person , there might be ideas that people are starting to act crazy during such high volatile times, so it might feel unsafe to even meet).
This is the most interesting issue to discuss, because people usually forget about technical things, even though there are many ways to make it easier to run, in order to broaden my horizons, the most interesting focus is probably on this technical issue.
Given that there are still many drawbacks that I do not fully understand, so that I can understand technical things like that and can apply them in my bitcoin trading, and I am sure you better understand the cycle of understanding and solutions to this problem

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You likely realize that some kinds of products are more pegged to BTC than other types of products, and I recall a guy who used to come to me on a fairly regular basis, and I frequently would try to talk him out of doing any bitcoin transactions because he seemed a bit nutso.., and several times he told me that he had heard about bitcoin from a friend who told him to get involved in "OneCoin."  So he would text me or something and say that he wanted to meet so that he could buy some bitcoin, and then he would give me an apparent bitcoin address to send bitcoin to him, and so many times, I tried to explain to him that he should be buying bitcoin, not investing into "OneCoin" because that was a scam and he was quite likely to lose all of his money... but I said that I would sell him the BTC and he just needed to give me a BTC address, and I was not responsible for if he received the BTC or if the BTC was credited to his "OneCoin" account.. and so sometimes people get ideas in their head, and I was in a bit of an uncomfortable position regarding how much to interact with the guy and the extent to which I should even agree to sell him BTC that he was having me send to his "OneCoin" account.
Annoying story, people who are a little bit crazy getting to know you as a master of bitcoin, my question?
what if people in this forum one by one start coming and asking the same thing, this will waste your time in providing special material outside the usual curriculum.
The fault lies in people usually not trying to learn bitcoin as a whole, they are only interested in the stories that people tell, although there are many other reasons that must be considered, fluctuating and the wrong way to invest in "OneCoin", when it should simply buy and provide a Bitcoin address.

So in conclusion from my narrow thinking, someone knows bitcoin closely, but unfortunately they don't know where to start, even though the available resources and technology can be learned quite easily for now.
The progress of bitcoin is so rapid, many technical developments were launched based on the idea of bitcoin, and for that bitcoin is something that is difficult to describe or manifests that are not visible, but can be felt like a blowing wind.
Please correct me if my understanding is wrong in interpreting the meaning of your discussion
1459  Economy / Services / Re: 👉{OPEN} BetFury.io [Leading Social Bitcoin Casino] Signature Campaign | Full M+ on: October 23, 2022, 03:26:41 PM
I don't intend to interfere in this because every decision is in the hands of the manager, but it would be better if the participants who applied could read the rules and if the conditions such as merit were not sufficient, then there was no need to bother to make an application.
Let the campaign manager decide and review who deserves to be accepted or not, and hopefully there will be no more people rushing to fill out the registration form, if the conditions asked are not met.

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And I saw that there were also two participants who were wrong in writing down the amount of merit for the 120 days they got. And in this case I just want to tell the truth for both of them.
If you really want to do your best, you should be able to send a special PM, it's much more discreet and non-contact, so they can re-edit the registration form.

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I just want to give the best advice to everyone without having any intentions here
Sometimes what we think is good may not necessarily be accepted by everyone, so it is necessary to take care of each other so that they look fine.
Sending a special PM is much wiser in my opinion.

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Without meaning to offend.
I mean let the manager do his job, because the highest decision is his priority right.
So that this thread is not filled with comments that intersect with each other
1460  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: October 22, 2022, 04:30:47 PM
Ten tag, Man UTD must be serious and prepared for a difficult battle today. We need the same teamwork we displayed in the games against Tottenham, Liverpool, and Arsenal. Man United is up against a stern opponent and a brand-new manager who hasn't dropped a game since taking over as Chelsea manager. Graham Potter, as  Brighton manager, he overcame Manchester United. With his new, more advanced squad. Ten tag Must use caution tonight.
Since Chelsea was coached by Graham Potter, the Blues have progressed a lot, the performance improvement is quite visible from the results of the matches they have played, if you count the statistics of the five matches they played, both are unbeaten.
We have high hopes for Graham Potter, that Chelsea will not lag far behind Tottenham.

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The outcome of this game will reveal a lot about how prepared both managers are for the championship. It is crucial for both coaches.
If calculated from the amount of experience and contribution of the two coaches to their previous clubs, Erik Ten Hag is ahead of Graham Potter, but this does not guarantee how far the two can bring their respective clubs at the end of the season.
A heavy burden is being placed on Erik Ten Hag, following their failure last season towards UCL.
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