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Showing 20 of 1,031 results by Free Market Capitalist
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Board Gambling discussion
Re: Is it wrong to take a temporary break from gambling?
by
Free Market Capitalist
on 26/07/2025, 05:08:42 UTC
However, fortunately, in those few gambling sessions, I always ended up with a win. Now I am thinking that I want to continue gambling whenever I get lucky, because I think that maybe luck has been on my side lately. And maybe some of you have the same thought. So I am wondering if I should try my luck again after a win, or should I still take a break?

I think it's almost as important to know when to take a break when you're winning as when you're on a losing streak. Your body craves it more when you've lost. But having winning streaks and continuing to bet as if they'll never end usually ends up doing the opposite, losing everything you've won and more. So it's a good option. Think of it as a snack. Now you've won, relax and enjoy the money. You'll be back, and you'll see how, over time, you have a lot of losing days.
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Topic
Board Speculation
Re: Bitcoin bubble pop
by
Free Market Capitalist
on 26/07/2025, 04:57:04 UTC
I am also very surprised with bbc.reporter for this kind of topic. I read this link but I do not know how it is even related to bitcoin and what he is talking about. ...

What I know is that bitcoin is not a bubble at all, it is an asset and it is the best performing asset since 16 years ago.

I'm also convinced that Bitcoin is not a bubble; it never has been, and it never will be.

Been hearing about this since I've entered newly to the market. Many did said that bitcoin's a bubble and when it bursts, it will never get back again.

Did it bursts? is it a bubble? these people will never stop in saying that and they'll have hard time to accept that it's growing naturally and isn't in a bubble. The house and real estate is.



It also very much is unbelievable that you do not understand what are market bubbles or you cannot believe that market bubbles will be an occurrence on very speculative markets similar to bitcoin. Considering that a -70% or more dump from the top that has occurred already 3 times on bitcoin is not a bubble pop? This would be very headshaking if you say this, I reckon.

Judging by the responses in the thread, I'm not exactly the one saying unbelievable things. FYI, for years it wouldn't be the first time I've talked in this forum about the difference between a bubble as a Ponzi scheme and a bubble as an overheated market that values assets well above their objective value.
Post
Topic
Board Economics
Re: Ensuring generational wealth
by
Free Market Capitalist
on 26/07/2025, 04:49:41 UTC
I hear a lot of young people wishing they can build generational wealth for their kids. The kids of their kids and the kids of their kids' kids. But is it really up to us?

Of course yes.

We can build wealth now and leave all our assets to our kids but how can be sure they can protect the wealth and make it grow even more?

To begin with, what you mustn't do is to spoil them. And what you have to do is teach them to fish from a very young age instead of raising them by telling them that you have a mountain of fish saved up for them so that they don't have to do anything and can just eat them. I hope you get the metaphor.
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Topic
Board Bitcoin Discussion
Re: The new era of Bitcoin '25 begin with square
by
Free Market Capitalist
on 26/07/2025, 04:41:00 UTC
I wonder though how much of a percentage they take as their fee though...

From what I can see, it's 1%.

Quote
Converting your sales into bitcoin incurs a 1% fee of the amount transferred to the linked Cash App account, and eligibility restrictions may apply. All of your sales that are converted into bitcoin also appear in your Square sales reporting.

For comparison, I looked into the fees that VISA charges merchants and saw a complicated structure between Cost per Swiped Retail Transaction, Cost per Online Transaction and Monthly Fee. However, in some cases, it does appear that it could be less than 1%.

One source about it, for example: https://www.fool.com/money/research/average-credit-card-processing-fees-costs-america/

Although here we would have to take into account other aspects such as how long transactions take to be finally settled, for example, which I imagine will be much faster with bitcoin payments.
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Topic
Board Bitcoin Discussion
Re: 80k Bitcoin solved by Galaxy
by
Free Market Capitalist
on 26/07/2025, 04:31:07 UTC
Honestly, I don't think anyone could have held bitcoin for the past 14 years without being tempted by bitcoin's multi-million percent growth without selling a single bitcoin.
I believe that man/woman have more wallets than we know and they have sold them many times over the years, and this could be considered their biggest sale as well as on the market.

Or maybe he just had a huge net worth in other assets: real estate, stocks, commodities, etc. What's clear is that someone who's poor and struggling to make ends meet couldn't have held out that long without selling anything. But as for his other wealth, if he had other bitcoins we don't know about or other types of assets, we can only guess.
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Topic
Board Economics
Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
by
Free Market Capitalist
on 25/07/2025, 07:01:00 UTC
Strategy just increased its total $STRC offering AGAIN - $2.8 Billion to buy more Bitcoin.




https://x.com/fiatarchive/status/1948543201348124684?t=oW4nXNHLD0MLvNB6WBqvPA&s=19

Lol. I think when I watched the video the initial offering was going to be "just" $500M. That is almost a 6-fold increase over the initial offer. I think it has happened like with the 21 21 plan they presented in October last year. The demand overwhelmed them and they had to end up issuing more.
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Topic
Board Meta
Merits 1 from 1 user
Re: Thread to discuss acceptable uses of AI in the forum
by
Free Market Capitalist
on 25/07/2025, 06:51:00 UTC
⭐ Merited by ABCbits (1)
This Ai thing will end critical thinking some day just like text messaging ended quality letter writing.

Yes, of course, and the printing press put an end to the “quality” medieval copyists, in the same way that the computer and word processors put an end to the “quality” typewriters.

I think this is another negative side of using Ai. It encourages laziness in research and writing.

The other way around. You don't use AI much either, do you? What I use it for the most is to learn. That's like saying that the harvesting machine encourages laziness because people no longer harvest by hand. What these innovations do is increase productivity. And in this case exponentially. And it is precisely the increase in productivity that has led humanity to an increase in population and quality of life standards that were unimaginable two centuries ago, when Malthus prophesied the opposite.

It is the same as with the Internet. It has made it much easier to communicate, acquire and transmit information. Not to mention many other things, such as bitcoin or AI itself. But there are lazy people who only use the internet to look for likes on Instagram or TikTok. Or that they use it to plagiarize, instead of doing honest research citing sources.

AI is a tool with a lot of potential. How it is used, honestly and properly or not, depends on the person.
Post
Topic
Board Gambling discussion
Re: Ultrasound Brain "Zapping" Treatment for Gambling addiction!?
by
Free Market Capitalist
on 25/07/2025, 06:42:45 UTC
Sounds like a bunch or crap to me. Let's say it does work though, what else does a person risk losing when they zap your brain? I would rather not take this sort of risk without having more information as it could have devastating effects that weren't desired.

That's what I think. In fact, there have been “anti-compulsive” drugs for many years, but they have side effects, as this treatment will surely have.

This is the worse way i can think of treating gambling addiction.  Cheesy

I preferably take addiction else where to be controlled, at least a therapist also works in the mind controlled by the brain.

I believe that depending on the degree of addiction and the consequences it may have had, this therapy can be evaluated, just like drugs, always taking into account potential benefits and potential risks.
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Topic
Board Speculation
Re: Bitcoin will fall or not
by
Free Market Capitalist
on 25/07/2025, 06:36:13 UTC
I love how the price has dropped from ath by 5% and these types of threads are starting to pop up. If anyone thinks the price is going to keep going down what they need to do is short bitcoin. In the meantime I will continue to accumulate.
Post
Topic
Board Gambling
Re: METAWIN - Transparent, Fast, Frictionless. $CASINO 🔥
by
Free Market Capitalist
on 25/07/2025, 06:25:32 UTC
You know what they say, high risk, high reward.

...

I've also heard of folks who started at miniscule amounts, and was able to ran it up to 4-5 digits from a series of games. For instance, this $20 playable ETH to $10,000:



Of course, no wins are guaranteed and luck is random, thus we should always gamble amounts we can afford to lose. Remember, no crying in the casino.

This guy has been exceptionally lucky. And I think he has done very well to cashout, especially when he says it has changed his life (although I think it would be OK to leave a few hundred to continue playing). He probably lives in a low GDP per capita country, so that $10K will give him a lot of purchasing power.
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Topic
Board Speculation
Re: Bitcoin to hit $150,000 🚀
by
Free Market Capitalist
on 25/07/2025, 06:16:04 UTC
I also got the video to watch but it had as a caption that eth has the potential to outperform bitcoin, so I didn't watch it. Also Novogratz supported Kamala, you can have whatever political views you want but to support someone who was going to continue with a repressive regime to crypto and push CBDCs to me loses all credibility on the topic.

That we can go to $150K we all know that.
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Topic
Board Economics
Re: UK government fools will sell the bitcoin
by
Free Market Capitalist
on 24/07/2025, 06:37:25 UTC
Well, I think there might be laws in place on what the government must or must not do with assets that have been seized from criminals.

You say it as if politicians cannot change the laws or interpret them as they wish with the connivance of the judiciary. To put millions of illegal immigrants in and jail people for writing tweets they have no problem in UK, so if they wanted to with this they would have no problem in HODL either.
Post
Topic
Board Gambling discussion
Re: When gambling what do you measure? Luck or chances?
by
Free Market Capitalist
on 24/07/2025, 06:21:51 UTC
Quote
When gambling what do you measure? Luck or chances?


Measuring “luck” in casino games is meaningless. Otherwise you wouldn't gamble? In the long run there is no luck, so you will lose money. And in the short term the results are random, so you won't be able to measure anything.

I believe people who gamble on sports may understand this better since sometimes in sports betting some gambler's prefer to go for the smaller odds that usually have a higher winning chance and sometimes they can still end up a losing game however some prefer to go for the big game with big odds and smaller winning chances.

What's usually your pick as a gambler since sometimes some persons are luckier than others?

Sports betting is a skill game, and there it can be “measured”.

From this thread, as from another one I just replied to, I gather that most people don't understand how gambling works in general, even if they have some idea of concepts like HE, for example.
Post
Topic
Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
Free Market Capitalist
on 24/07/2025, 06:13:31 UTC
Are you that type of gambler that has kind of mentality?

Kind of. When I bet I prefer a higher potential return than a higher certainty of winning but for a lower return. For example, playing red or black in roulette is very boring, and it's EV- anyway. If you are able to win money at skill games it's another matter. But for occasional gambling I prefer higher risk for higher potential return. And as LFC says you are much more likely than hitting the lottery.
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Topic
Board Speculation
Re: Bitcoin bubble pop
by
Free Market Capitalist
on 24/07/2025, 05:53:19 UTC
These other companies that have followed Michael Saylor's strategy that are also beginning to buy bitcoin to hold in their treasury to cause a pump on their company's stock, what does everyone speculate on this? Will this create another overinflated bubble that will pop and cause bitcoin to dump similar to the bubble pops before?

There is a hedgefund manager who has lost money from his hedgefund's investments who is presently creating a treasury company. I am very much aware that this is for an altcoin, however, this can also be created for bitcoin and the argument is similar.

It seems unbelievable that you have been a member of this forum for so long. There would be a bubble if bitcoin were worthless. You think bitcoin is worthless? On the other hand you don't seem to understand how bitcoin treasury companies work.
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Topic
Board Bitcoin Discussion
Re: The new era of Bitcoin '25 begin with square
by
Free Market Capitalist
on 24/07/2025, 05:45:53 UTC
I'm a bit skeptical that bitcoin is going to be used to pay for coffees. But Dorsey's company seems to be doing quite well, and has recently been included in the S&P 500.

I think that's going to be an increasing pattern. Coinbase was also included this year, and Strategy sooner or later will be. Plus there's Tesla which has bitcoin. Increasingly people buying the index will be more and more exposed to bitcoin.
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Topic
Board Speculation
Re: Will Bitcoin Hit $500k before the end of the decade as predicted by Jeremie Davi
by
Free Market Capitalist
on 23/07/2025, 09:19:19 UTC
Personally I think the time frame is too short to hit the $500,000 mark.
What do you think?

On the contrary, we could reach $500K this year or next. I admit that my opinion is a bit bullish, but I believe that at some point there will be a supply shock that will send the price skyrocketing, and we will see changes of tens of thousands of dollars upward, as we now see hundreds or thousands.
Post
Topic
Board Gambling discussion
Re: The Dangers of Becoming a Professional Gambler
by
Free Market Capitalist
on 23/07/2025, 09:13:07 UTC
One thing is missing from the OP's list: the risk of bankruptcy. No matter how many years you've been a pro making a living from it, there's no guarantee that you won't go bankrupt. You wouldn't be the first.

I do not believe in anything called professional gamblers. I see it has something that can be deceiving because there are rich people that can go broke at anything. Gambling can be one of the reasons if you solely depend on it.

Yes, there are, but they are gamblers who play skill games, such as poker or sports betting. The thing is, they also diversify, and they open YouTube channels, do coaching, or other activities because they know full well that gambling income is unstable and it is better to diversify sources and income for the future.
Post
Topic
Board Bitcoin Discussion
Re: Has El Salvador been lying to the world?
by
Free Market Capitalist
on 23/07/2025, 07:58:03 UTC
No way am I going to trust what the IMF says on this issue. If they have really been buying it and keeping it in cold storage, it's very easy for them to prove it. The purchases are managed by Stacy, Max Keiser's wife, who I hope will respond to this accusation soon. Although I wouldn't bet my life on it either.
Post
Topic
Board Gambling discussion
Re: Does the novelty wear off?
by
Free Market Capitalist
on 23/07/2025, 07:52:47 UTC
If you are extremely rich and you can just gamble up to your heart's content, does the novelty of winning wear off? Like would you get tired of gambling since there's really not much risks because you can gamble with any amount and still receive little to no consequences?

One thing I have learned from everything I have experienced in this world so far is that novelty does wear off, so judging from that standpoint, I would say same should be true for gambling.

I don't agree that it's a question of novelty. As Oshosondy says, there are many rich people who go bankrupt because of gambling. If they have more money, they bet more. The issue has more to do with emotions, dopamine, and other brain-related issues. There are people who play slots every day and don't get tired of it because there's no novelty.