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Showing 20 of 12,370 results by TheUltraElite
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Board India
Re: INDIAN ECON, POLITICS, SOCIETY + BTC PRICE
by
TheUltraElite
on 03/09/2025, 13:37:24 UTC
Private schools have dominated over the government schools with poor infrastructure, crumbling down buildings and lack of manpower. The education system here has a lot of flaws but I dont see any immediate solution to it but gradual changes at different levels are needed, besides corruption is severe in education sector and lot of hurdles are put up just because of corrupt officials.

While education is an important factor, many states  have improved it in a manner that a young workforce is generated at a regular rate, like Tamil Nadu to work in manufacturing plants.
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Board Trading Discussion
Re: A reason you should be careful comparing your trades.
by
TheUltraElite
on 03/09/2025, 07:44:16 UTC
Comparing our results with others is not a wise move, because everyone goes through a different process and also needs a different time to reach success.
As long as we are sure that the strategy we are using is right, then do it by continuing to evaluate because there may be other strategies that are better for us to generate profits in trading.
The only method I can see is buying low and selling high. Does any other method even makes sense?

Whatever strategy and all people keep saying, as long as spot trading is concerned, this is the final word.

No method is going to get you rich in a quick period. Trading depends a lot on your patience and your points of entry and exit. If you mess these up you will have told those positions for quite some time before you can break even.
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Board Bitcoin Discussion
Re: Governments are intensifying their focus towards bitcoin adoption
by
TheUltraElite
on 03/09/2025, 07:40:40 UTC
It will boost the adoption of bitcoin, that is for sure. Because the major countries which are adopting bitcoin for use will be among the first one who lead this movement most big economies will make sure to join in.

The UAE is typically interested in anything that is making money and so is the West. Hence they will always be in this scene.

Eventually as smaller countries also catch up to this the adoption of bitcoin will increase and like a legal tender it will be treated.
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Board Gambling discussion
Re: Slots or Casino are designed for people to lose.
by
TheUltraElite
on 03/09/2025, 03:21:49 UTC
A general reply to this question is that casinos are made to make a gambler think they are going to win big when in reality they are gooling only themselves because the math is against them.

Logically one will lose more than win at any proper casino be it rigged or not rigged.

However people will still play because they want to make easy money and fall for anything that says quick money insteading of knowing the math behind it.
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Board Gambling discussion
Re: When gambling what do you measure? Luck or chances?
by
TheUltraElite
on 03/09/2025, 03:14:29 UTC
Small bets winning big and big bets winning none, is the crux of the discussion here, which only stamps the unpredictability of gambling games. There are instances of both and hence one should keep a limit as to what they are gambling with. Keep it limited to games you understand and games that you feel confident about and keep the budget on a limit too.

You cannot win every game and you will more likely lose more than you win which is why you should limit everything.
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Board Bitcoin Discussion
Re: Could Bitcoin still exist if the internet was shut down worldwide for a week?
by
TheUltraElite
on 02/09/2025, 03:09:04 UTC
If the internet shuts down for even one day a lot of things will get affected bitcoin will be least of concerns. You know how many cloud based systems are working in offices, hospitals? Them shutting down means a country is going to a standstill.

But hypothetically speaking without internet I am still not aware of how bitcoin can be used. Although honestly I am not that well versed with this part of the tech, so maybe someone else can give a better answer.

Practically speaking in such a scenrio saving your own life will become kore important.
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Board Economics
Re: Demand, Supply and Bitcoin Price
by
TheUltraElite
on 02/09/2025, 03:06:05 UTC
Adoption is a gradual process. It will organically increase the price. But dont forget that the fiat price of bitcoin has nothing to do with its intrinsic price, like 1btc will always be 1btc.

Engagement is a one off phenomena, where suddenly you see a rise in traffic. This is temporary and will always lead to short term rise or fall of market price.

Demand is currently low because the places to spend bitcoin are less and supply is reducing so deflation is happening in price.
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Topic
Board Gambling discussion
Re: Are slots rigged or Just math at work?
by
TheUltraElite
on 02/09/2025, 03:02:59 UTC
Consider any popular slot game the games are not always rigged but the math is against us. Because most gamblers dont understand the math behind tbe games, the result is that they blame the machines to be rigged rather than their own greed and bad luck that is leading to ruin.

The small wins are just incentives to make you play more giving a false sense of confident that you can still win. So be careful when you start freshly grinding after a small win.
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Board Gambling discussion
Merits 1 from 1 user
Re: Illusion of control
by
TheUltraElite
on 02/09/2025, 02:59:33 UTC
⭐ Merited by Taskford (1)
I dont understand the idea of goal oriented play in gambling. Because you may have a goal surely but the casino will win more than you and your goal will never be achieved. Hence having a goal in gambling is a recipe of disaster, which is not the case in any other sector of life where practice makes perfect.

Statistically the casino has higher profit then you and it has always been like that hence trying hard thinking you will win no matter what is a wrong approach. Truly the correct approach is to walk away but few understand its importance.
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Board Bitcoin Discussion
Re: What Will Define Bitcoin’s Future Role?
by
TheUltraElite
on 01/09/2025, 05:24:06 UTC
It is the choice of the user to choose the role of their bitcoin, not the people around them. They can choose how to spend it, save it or waste it. Ultimately it is a payment system so that role is always going to be there.

I think it is serving both roles properly for now and it will continue to do so in future as well.
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Board Bitcoin Discussion
Re: Would you adopt Bitcoins flexibility?
by
TheUltraElite
on 01/09/2025, 05:21:37 UTC
Public acceptance of bitcoin is low and we lack the equipment necessary to make quick bitcoin payments, POs machines and apps to simplify the process. But I can foresee a future where this will become robust and functional.

Also governments are making the negaruve stance on bitcoin from dark even though it has improved by now.

Regulations and taxation come after that.
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Board Gambling discussion
Re: Do casinos release big wins instantly?
by
TheUltraElite
on 01/09/2025, 05:19:06 UTC
You also should remember that big wins like that are not that commonly withdrawn. Most gamblers end up spending more than they win, so they will likely be spending that money rapidly more than they withdraw. Meaning casinos having to verify big wins - that frequency drops. I am sure they get wins to verify everyday but they will see that person wadte it more commonly.

They are running a business so obviously to maintain their name they will make sure to clear these things quickly.
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Board Gambling discussion
Re: australia's weird gambling culture
by
TheUltraElite
on 01/09/2025, 05:15:58 UTC
Type of games might be different and that is what is showing the shift in focus. Guess Stake makes a good amount from Aussie folks since Edward is from Aus.

It a choice and this will vary among people. Some consider sports betting as the more mature form of gambling instead of slots and I dont blame them for that.

As long they are happy and keeping things under control it should be good.
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Topic
Board Economics
Re: I'm wealthy and unsuccessful
by
TheUltraElite
on 31/08/2025, 01:53:48 UTC
You should buy a house, life is not always about the money, you are going to have family soon and old parents to look after if they are still alive. Hence a fixed roof is important.

A vehicle is optional because public transport is often lacking in some places, this depends from person to person.

Travelling the world is also optional but at least know your own country because travel is a part of life's education ans skills. You learn a lot of things during the process of traveling.
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Board Bitcoin Discussion
Re: stop following strategy
by
TheUltraElite
on 31/08/2025, 01:43:57 UTC
Bitcoin lingering at 113k USD for some time, I can say that this is a stagnant top. It might go upwards from this after the recent drop. So any big company buying it will surely lead to smaller groups also buying it leading to an inorganic swelling of market price.

I would rather wait than buy. As far as listening to such groups, I would avoid that because we have seen how market has been manipulated by bigger fish in the past. Hence dont hurry and wait for the next big move.
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Board Gambling discussion
Re: Do you flex on your pals when you are correct
by
TheUltraElite
on 31/08/2025, 01:39:47 UTC
Following your guts is good. But why would you flex anyway? Showing pride in your bets is not bad also makes you known winner among  your friends. This leads to you being a target. I am not saying your friends will plot against you but they are fellow gamblers as well and in need of money.

I feel its better to keep these decisions and wins to yourself. Maybe share your losses everyday but not your wins. They might find out eventually though but I would avoid flexing.
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Board Gambling discussion
Re: gambling and divorce
by
TheUltraElite
on 31/08/2025, 01:36:49 UTC
Gambling and other addictive process can lead to marital disharmony. If the one who is gambling does not control their habits to minimal limits the partner will feel left out and not given attention or find money being spent on gambling rather than needs or even being asked for money.

Indeed from the side of the partner this is a bad thing and hence these problems.

Some spouses will just accept it and adjust with their spouses habits. But money problems cant be solved. Hence I dont blame anybody for such divorces, rather the burden is on the gambler to adjust.
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Board Gambling discussion
Re: Illusion of control
by
TheUltraElite
on 31/08/2025, 01:32:47 UTC
Going into the statistics you will completely avoid gambling and your notion of being rich from gambling will be removed. But people dont go do the math but follow their fantasites more often.

Indeed gamblers feel they are in control when they deposit money and when they lose it they still feel they can make it back because of the illusion of control.

Newly started gamblers will make this happen more often. But the rare few who learnt the math behind it will open their own casinos Cheesy
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Topic
Board India
Merits 1 from 1 user
Re: INDIAN ECON, POLITICS, SOCIETY + BTC PRICE
by
TheUltraElite
on 30/08/2025, 13:35:32 UTC
⭐ Merited by JSRAW (1)
I would never want to see the British rule in India or a continuation of the same. Yes dirt is there everywhere in this world, but we have to make sure our choices are proper and we are doing our part in keeping it clean. How others will make things cleaner is their choice but if someone starts going good others will try to become like them too.

These things we have to follow in daily lives and then the environment will become better, no point getting angry on others, spend your energy on more fruitful work.
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Topic
Board Bitcoin Discussion
Re: The two most important properties of Bitcoin
by
TheUltraElite
on 29/08/2025, 09:09:05 UTC
I need to agree with the fact that people (especially older ones) still buy gold because it's what was tested with time and effort most of them all, but.. I still do think that if a person wants to diversify, he probably will be able to find something good in the crypto space too Wink
The older people will get an asset that is safer and well known. Not a risky less known asset. Hence they will prefer gold over bitcoin. But the younger will try to explore more risks and hence they have a lower threshold for buying bitcoin.

There are older investors into bitcoin but this number is small, specially fixed to those who are tech savvy.

Searching for something good in the crypto space does not make any sense. Rather buy bitcoin and continue buying it whenever the prices drop.