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Thread: Cryptocurrency

  1. #16
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    Card counters manipulate the casinos' mathematical expectations, so I don't see why a similar condition should fail to accrue in crypto markets.

  2. #17

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    Quote Originally Posted by Svengarlicky View Post
    Card counters manipulate the casinos' mathematical expectations, so I don't see why a similar condition should fail to accrue in crypto markets.
    We'll definitely see one way or another, or not. I'm thinking about putting a small amount of cash into some speculative cryptocurrencies other than Bitcoin. My reason being I don't think the Fed can fix our economy and their system only enriches the very few at the top. It takes trillions of dollars to keep the game of musical chairs going and it's not a fair and honest system the Fed operates.

  3. #18
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    Quote Originally Posted by Blitzkrieg View Post
    We'll definitely see one way or another, or not. I'm thinking about putting a small amount of cash into some speculative cryptocurrencies other than Bitcoin. My reason being I don't think the Fed can fix our economy and their system only enriches the very few at the top. It takes trillions of dollars to keep the game of musical chairs going and it's not a fair and honest system the Fed operates.
    It was never intended to be anything but capricious and dishonest to benefit the elite. The deceitful bankers tricked the public into supporting the Federal Reserve Act in 1913, claiming it would destroy the big banks' monopoly over the economy. Century of Enslavement is a good video you can find on YT that does a decent job of explaining the fraud. But there are others equally palpable. In the interim, I have invested $3K into Ripple/XRP because www.sportsbetting.ag accepts it for their on line poker games. I'm like you-I won't buy BTC either, feeling it's over valued.

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  5. #20

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    Quote Originally Posted by Svengarlicky View Post
    It was never intended to be anything but capricious and dishonest to benefit the elite. The deceitful bankers tricked the public into supporting the Federal Reserve Act in 1913, claiming it would destroy the big banks' monopoly over the economy. Century of Enslavement is a good video you can find on YT that does a decent job of explaining the fraud. But there are others equally palpable. In the interim, I have invested $3K into Ripple/XRP because www.sportsbetting.ag accepts it for their on line poker games. I'm like you-I won't buy BTC either, feeling it's over valued.
    Thanks for the advice Sven. I've never heard of XRP but I checked it out on coinbase.com. I should have bought some Ethereum months ago when it was in the $200 range lmao. BTC has gone up $6K in the last several months as well. I've yet to purchase any cryptocurrencies but the way things are going in this economy I don't think it would be a bad thing to do. The media is making it a priority to inform people that governments want to shutdown the economy again and with this whole "health passport" thing coming down the pipe with companies such as the airlines, schools/colleges, and Ticketmaster it's easy to see what "they" want to do and what the results will be.

  6. #21

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    Quote Originally Posted by Svengarlicky View Post
    I missed this video by Mike but I've watched a lot of his videos in the past and in our current shit storm. I've done business with Mike in the past as well. Several months ago the spot price for silver bottomed out at $11 and some change which provided a grand opportunity even though the premiums were high.

    According to what Mike is saying at 4:32 in the video, "expanding the regulation of digital currencies," seems like to me that the Fed is lightening up on the whole digital currency gig. This makes me think that if I get into crypto now before this becomes law this could be a win win situation before the herd comes pouring in. If we do get a digital wallet in the near future how will people send currency from one person to another like if your doing a deal off of Facebook Marketplace or Craigslist?

  7. #22
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    Default online poker creates demand for crypto



    I just completed a purchase of 4 Eth @$514 each. I also hold a smaller quantity of BTC. The reason for these two cryptos upsurges may be due to the fact that online poker players are demanding their winnings to be denominated in either BTC or Eth as a way of further enhancing their gambling profit margins.

    https://www.coindesk.com/bitcoin-not-cash-poker-payouts

    https://www.zerohedge.com/crypto/dig...hance-winnings
    Last edited by Svengarlicky; November 21st, 2020 at 08:24 PM.

  8. #23

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    Quote Originally Posted by Svengarlicky View Post


    I just completed a purchase of 4 Eth @$514 each. I also hold a smaller quantity of BTC. The reason for these two cryptos upsurges may be due to the fact that online poker players are demanding their winnings to be denominated in either BTC or Eth as a way of further enhancing their gambling profit margins.

    https://www.coindesk.com/bitcoin-not-cash-poker-payouts

    https://www.zerohedge.com/crypto/dig...hance-winnings
    Congratulations on your purchase of Ethereum Sven. Ethereum was the one I was looking at lol, besides others. Bitcoin has taken off to the moon, it's incredible. Ethereum was at $200 and some change just a few months ago, I vividly remember that.
    I believe the reason BTC and Ethereum are taking off is because big institution money is coming in and driving the price up. Besides for the plandemic and the piss-poor worldwide economy in the tank besides for China. I don't think poker players quite have the capitol on hand to make the price of BTC spike the way it's going such as multi-billion dollar corporations and wealthy investors can. Those are the real movers of the crypto market in my opinion but I can see your side in which poker players are enhancing their gambling profits with cryptocurrency, which I think is smart since some casinos have crypto exchanges.

  9. #24
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    Quote Originally Posted by Blitzkrieg View Post
    Congratulations on your purchase of Ethereum Sven. Ethereum was the one I was looking at lol, besides others. Bitcoin has taken off to the moon, it's incredible. Ethereum was at $200 and some change just a few months ago, I vividly remember that.
    I believe the reason BTC and Ethereum are taking off is because big institution money is coming in and driving the price up. Besides for the plandemic and the piss-poor worldwide economy in the tank besides for China. I don't think poker players quite have the capitol on hand to make the price of BTC spike the way it's going such as multi-billion dollar corporations and wealthy investors can. Those are the real movers of the crypto market in my opinion but I can see your side in which poker players are enhancing their gambling profits with cryptocurrency, which I think is smart since some casinos have crypto exchanges.

    My reference to online poker was pretty much tongue and cheek. Forgive the indiscretion. However the crypto frenzy is slated to pick up momentum in the years ahead as world governments seem hellbent on inflating economies with. their endless and pejorative currency creating policies. I have a heavy investment in an altcoin that I believe could do very well in the long term. I also hold some kinesis coin that is gold backed.

  10. #25

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    Quote Originally Posted by Svengarlicky View Post
    My reference to online poker was pretty much tongue and cheek. Forgive the indiscretion. However the crypto frenzy is slated to pick up momentum in the years ahead as world governments seem hellbent on inflating economies with. their endless and pejorative currency creating policies. I have a heavy investment in an altcoin that I believe could do very well in the long term. I also hold some kinesis coin that is gold backed.
    Is an altcoin the same thing as a cryptocurrency? I've never heard of kinesis coins that are gold backed, what kind of website has good info on that? One would figure that the inventor or creator of such a gold backed asset would meet the same fate as Col. Qaddafi did. The Globalists have no problem pointing the full might of NATO at anyone who defies the bankers will.

  11. #26

    Default ZeroHedge Article

    "The main catalysts behind Bitcoin’s rally have been the institutional accumulation of BTC on Coinbase and the short squeeze on Binance Futures."

    https://www.zerohedge.com/crypto/ethereum-erupts-higher-bitcoin-nears-35k-whats-next



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