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Showing 20 of 7,873 results by bittraffic
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Board Economics
Re: Why it is sometimes possible to take out a bank loan to buy BTC
by
bittraffic
on 15/04/2025, 15:43:55 UTC

Is it still possible today?

Because I think banks would rather be keeping BTC by themselves than allowing anyone to buy BTC from the money they lent. Or maybe they will offer to lend BTC directly from the bank itself. Because as far as I know banks today are already gathering their own digital assets including Bitcoin.

What could the condition be if they are to approve lending Bitcoin?
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Topic
Board Gambling discussion
Re: The Shift from Anonymous to Regulated Casinos
by
bittraffic
on 14/04/2025, 18:15:56 UTC

I don't fancy anonymous casinos anymore because some of them will claim to be anonymous but when you win big, they'll ask for KYC verification before you can withdraw your win. I have seen it a lot of times. I will rather save myself from the stress and just go for a regulated casino. Anonymous casino can do away with your win and there is nothing that you can do about it.

That's also one problem with these casinos claiming to offer no KYC but when they feel like they don't want to send the money won by a user, they tend to ask KYC which later they will sometimes accuse of multiple accounts.

There are still anonymous casinos but there is no sports on it and only few games on it. And usually they are casinos with native tokens.
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Topic
Board Bitcoin Discussion
Re: Stop Chasing Perfect Entries. Start Mastering Your Exit
by
bittraffic
on 13/04/2025, 16:38:38 UTC

Of all the tuts being shared here I think majority of the people are always aware of when to exit especially in the post market where ATH and RSI aligned together. The only mistake that some of us are doing is when a bounce happen they also buy back that's why it becomes unpredictable because sometimes the bounce is much higher than the ATH.  Grin

Truth is that is still unpredictable when  politics joins in to manipulate the market. The perfect entry point is never important as long as you can get out with profit is a good trade already.
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Topic
Board Electrum
Re: Linux mint install
by
bittraffic
on 13/04/2025, 13:07:10 UTC
In app shop linux mint as Electrum is only Electrum-GRS (org.groestlcoin.electrum-grs) is Your Electrum org or is scam?

Is it?

It seem reasonable to just use that Software manager Electrum-GRS. I think its real, they wouldn't be adding it to their list if its a scam.  I just searched in on the app shop too but I think I can rely to it and will download add the dependencies you need for this electrum to run.
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Topic
Board Economics
Re: The reason countries wish to be independent from the US$
by
bittraffic
on 12/04/2025, 19:01:29 UTC
America want to make dependent to every country of the World but every country want freedom

Proof do you have some? Only that they are dominant does not automatically make the subdue other countries.
America depends om japan, over Treasury Bonds, America depends on China for consumer Goods, and on Arabian countries for Oil, not much but still.


Most countries depend on US for security this is why they have military bases everywhere. Its because neighboring countries could just claim borders and often times this will end up in conflict and war  between the two. US always intervene in such situation. 

However when they intervene they also brought alone some conditions and their help isn't as free as people thought. 
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Topic
Board Gambling discussion
Re: How To Handle Depression as a result of gambling addiction..?
by
bittraffic
on 12/04/2025, 18:45:48 UTC
The causes which take someone to suicide are always complex and can't be oversimplified by considering it's all gambling's fault. Gambling may have played a big role in this case, but it's not everything. When you feel sad due to something, you still have many other possibilities in life which could compensate that sadness you are feeling for something specific.

When those possibilities just vanish or look inexistent, it means there is something else going on with the individual. Why isn't he able to find alternatives for his life? Why does everything summarizes to gambling for him?

Those are questions you have to consider. It looks obvious that if I can't make money through gambling, I have to find something else to work with. The point is, why wasn't that obvious for this subject?

Because its always difficult for someone whose head is already not thinking straight. Most of the suicidal people thinks they have had enough already and the easy way out is ending it.

Not the kind of thing that a gambler person would do I think unless he isn't really a gambler but was just lured into it for a day and had spent all his life savings which he has to do a lot of explaining like the college kid who just jump out the window.
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Topic
Board Speculation
Re: BTC Sentiment Poll for April
by
bittraffic
on 12/04/2025, 18:39:06 UTC
I thought the bulls would run in March and April, I was completely wrong. The trend has not completely broken yet, but it is close to breaking.
Trump may have ruined everything for the crypto side. With all this uncertainty, there was no chance that Bitcoin would not be affected anyway, since these uncertainties will continue, the days when the green candles will burn are not waiting for us.
If the uncertainties are resolved, then I can comment differently.

If the retaliation continues between China and US I think its going to keep the market unpredictable still.  As of right now the price may shoot and its fine but when the market dumps again everyone will be shouting bear again.

Trump manipulated the market thats what they are saying and I'm sure we felt it when suddenly he changed his mind to pause the tariff to the rest except China. But yep China vs US tariff war is enough to make people panic.
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Topic
Board Economics
Re: Just In: Gold hits a fresh All Time High
by
bittraffic
on 11/04/2025, 21:40:00 UTC
Moreover, experts presume that if people embraced gold, it’s expected to hit $7500 per ounce. What do you think about investing in Gold?



https://www.reuters.com/markets/commodities/gold-prices-climb-over-1-trump-hikes-china-tariffs-2025-04-10/
probably due to trump’s tariffs a lot of investors decided to seek protection by investing in gold many people consider gold to be a hedge against inflation so in these uncertain times for our economy you can expect for gold to be a safe place for your money

Peter Schiff been debating about Bitcoin vs Gold since, I can see why somehow he got it right.  $7500 would make you richer if you are not this late yet about is rise.

There are rumors coming out that Trump will be reevaluate the price of Gold and then link them again to USD again so that our currencies will all be backed by gold once again. This is just what I have heard to some people coming up with their theories.

If its true though, it wouldn't be so bad.
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Topic
Board Bitcoin Discussion
Re: China and Russia Embrace Bitcoin for Trade
by
bittraffic
on 11/04/2025, 21:33:01 UTC
As far as I understand, the Communist Party of China has banned Bitcoin exclusively for its citizens.

The financial strategy of the Communist Party of China involves the use of a digital yuan (CBDC) as a means of payment in the country. Chinese citizens should not own the first cryptocurrency, as this makes them independent from the central government.

At the same time, Chinese elites are well aware of the strategic role of Bitcoin in the modern financial system (especially given the weakening role of the US dollar as a global reserve currency). Bitcoin is an effective tool for bypassing economic sanctions and bypassing other trade restrictions.

Therefore, the Communist Party of China encourages Bitcoin mining, as long as it is carried out by state-owned mining companies. China has also been accumulating Bitcoin for a long time.

So its true that China are still mining Bitcoin and these farms are backed by the government.

They re not saying a word about it though. It would have been the biggest encouragement for all other countries if they are just making it public. Russia may have also been mining, their country is suitable for it because they have the oil and gas to power up mining farms. And the surrounding is cold, making the Asic devices last longer.
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Topic
Board Beginners & Help
Re: Is the era of Telegram finally over ?
by
bittraffic
on 11/04/2025, 18:59:04 UTC

Yep I totally ignore telegram channels for crypto and bounty campaigns but I'm still using my telegram. The chat app is still being used because  newbies are still asking for support.

My offline friends are on telegram. We talk a lot in there just to get out of social media. Its not a perfect chat app but there is more to it because my friends are also there which we have chat group.
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Topic
Board Bitcoin Discussion
Re: China and Russia Embrace Bitcoin for Trade
by
bittraffic
on 11/04/2025, 18:50:01 UTC
I'm worried if Trump either completely ban Bitcoin or ban Bitcoin related to China and Russia, he will try to stop them. Just like how he threaten BRICS countries who trying to replace USD with their own BRICS currency.

But wait, China ban Bitcoin since a long time ago, why the government allowed to use it? Roll Eyes
The government is above the law Lolz. Trump doesn't have the right to ban any country from using bitcoin, because how will he know when bitcoin is decentralized and will be used in an anonymous manner. Trump can threaten BRICS not to replace USD with BRICS currency because both currency are centralized. It's been a long time since the war that Russia has been using bitcoin for trade after their sanction from the International market and from UN.

They ban their people to use BTC but the government itself is using BTC. The Chinese should really be thinking of buying more BTC for themselves before the supply makes the prices so high. It wouldn't be surprising to see Russia and China and their allies in BRICS going to be using Bitcoin as well.

My question is that if the stablecoin bill is approved, would they be using USDT or USDC?
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Topic
Board Gambling discussion
Re: Have you ever been involved in a fight because of gambling?
by
bittraffic
on 10/04/2025, 12:49:00 UTC

Of course the online is safer, you won't be worrying if someone with a knife just site besides you pointing the knife just between the rib cage.

I have not been in a fight within the local casino. I have seen how open a local casino in my area where a local politician can go inside, sit on a table for awhile and drink some rum. They have all the body guards that looks like Danny Trejo and everyone are just afraid to even smile at them.  Cheesy
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Topic
Board Bitcoin Discussion
Re: Who to trust: A lawyer or a family member.
by
bittraffic
on 10/04/2025, 12:43:08 UTC
If you are a single bitcoin investor, would you rather teach a trusted family member about Bitcoin than involve your personal lawyer. I ask this because I grew to understand that lawyers are good at handling confidential issues like Wills.
The duty of  Lawyer is to ensure wills are followed strictly, but leaving your bitcoin totally in the hands of a lawyer is entrusting it to a third party totally which is wrong, additionally leaving it in the hands of only a family member poses the risk of him taking all your funds when you are gone.

A good option might be creating a multi-sig wallet, let the family member be part of it as well as your lawyer, that way the family member cannot take it all for themselves and the lawyer must ensure your will and distribution formula is strictly followed before he authorizes transaction.

Multi sign seem to give the lawyer a participation still. What I would do if I am just going to give a way my coins to all the people I love, I would want them not to fight over something. Just divide it all before I would ever feel like I would die the next day.

Divide the properties I have equally or I have a favorite, just leave it to the lawyer to explain. The properties are safe after all it a public data.
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Topic
Board Gambling discussion
Re: Can you still consider yourself a smart bettor even when losing?
by
bittraffic
on 10/04/2025, 12:37:34 UTC

I saw someone  is a sports fanatic but he just doesn't bet on all the matches, he just chooses a few matches to bet on. He chose those matches where he is almost sure to win.

Maybe they see some angle on teams why they chose to just watch. Most of the time we bet because although we are not sure of the analysis, we watch the game and its just more fun to watch a game when there is risk.

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Topic
Board Politics & Society
Re: World recession likely upon tariff aggression by US
by
bittraffic
on 09/04/2025, 18:40:04 UTC

Wasn't there a news today that tariff of Trump was paused?

Well I just read it on some feed today and saw some news about it. I'm jsut very unsure what to do since I have decided to turn my coins to stablecoin and now it looks very late to buy back lol jezz they are just fooling us all with this.


And the FED news also seen very bullish. I hope that wasnt fake news.
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Topic
Board Trading Discussion
Re: How do you choose a trading mentor?
by
bittraffic
on 09/04/2025, 18:24:47 UTC
There are many people that have been scammed by trading mentorship. It will be good for beginner traders to learn by themselves and know the basics of trading and know when someone wants to scam them before going for mentorship program for trading. I guess he would have been discouraged if he knows that trading is far beyond mentorship and see how obvious they are scam.
Lol really? Sorry for the laugh, I just can't believe that even there, the scam still occurs. I know they can be almost anywhere but we are simply offering a service there, so I really don't know on how can a scam penetrate. But wait... I think I know now. It could be that they are not really accredited? Right? That they only show a fake certification and as a newbie, we won't know that what they are teaching us is only basic or legit because we still lack on knowledge.

If we venture trading alone and became experienced, I think it doesn't make sense to hire a mentor anymore. I know some might still do it, as they believe that there will always be someone that is better than them.

Yep there are tutorials on youtube, there are specific tuts for which indicators to learn I'm sure you can get around to check out what works for you while trading small amounts.

One should just try small amount at least feel the risk when you are learning because this will make you strive harder to learn more and at least win a trade. Using demo account is good but grow balls.
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Topic
Board Gambling
Re: My stradegy for sport betting been doing over 10 years and Im pro in this
by
bittraffic
on 09/04/2025, 18:02:35 UTC

Choosing top teams is normal but they don't win all the time especially when a top team is matched to a top team as well. When you are into sports, you need to be a die hard fan of the sport to know and analyze winning possibilities and how a match could play out.

The strategy that you would need to do is bet on a team with the odds of 1.10 versus 2.00 with your $1000. This way you get to win $100 every time.
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Topic
Board Gambling discussion
Re: Do you take bets just because the bet seems funny?
by
bittraffic
on 09/04/2025, 17:43:55 UTC

I did bet on some underdog in the MMA fight wrestler vs striker, i lost it but was worth watching the game for having a good fight. It feels like both have the chance to win. But the underdog wining it would triple my money. The bet isn't that huge but enjoying the match is all there is especially when you are a fan of the sport,

But for some reason I won some of my bets upon favoring some underdog. Its funny sometimes that I unexpectedly predict outcome.
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Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
bittraffic
on 09/04/2025, 17:21:09 UTC

You should be warning yourself not to buy yet because things could go worse for now that fundamental news is making anyone anxious with what is going on in the economy.  

I'd be DCAing when something good happens from then on like the stablecoin bill which is likely a good indication that more adoption to crypto will begin when this is approved.
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Topic
Board Gambling discussion
Re: Will there ever be a casino war?
by
bittraffic
on 08/04/2025, 19:48:35 UTC
Why the war when every gambling platform is expected to stand alone, wat could have cause a war, government are the one issuing their operational license and thy are being regulated individually each, there is no casino or gambling platform being dependent of each other except if owned by the same developer, there is nothing of such and i don't think they will ever be, people establish a gambling platform for their own personal benefits and not what they stand to gain through others influence on them.

The internet is just a small world where a user eventually be disappointed to one casino and will look for another but this user may not be going to a casino with bad reputation. If the user find out there is one casino like 1xbet that is totally a suspicious casino, he will avoid this casino at all cost.

But there may also be some casinos to avoid especially the ones with recent scam accusations. It doesn't even have to be true that this casino had scammed users. They just need to spread the word is a scam but just a false accusation.