Hi Albalaha

I like the idea of selecting only the top 20 or so cryptos if one is investing long term.

I track five of the more commonly accepted cryptos/ currently own a very small stake in BTC,ETH, and Doge. Though I plan on purchasing more BTC when it hits 14k.

Mainly because the following five cryptos are accepted by many precious metals dealers that I  do business.
I like to utilize crypto after it pops >=7% and then I buy precious metals, which obviously has a historically much higher intrinsic value and much less volatility.

The precious metal dealers (or any business) don't care how one makes a transaction as they instantaneously convert to U.S. Dollars. Generally, the best discount is to pay with an echeck, ACH, or Cashier's Check. As obviously they don't want to pay the banking fees/ clearing house fees from Visa and others. One of the main reasons I perceive cryptos and blockchain technology will never completely go away. Just an opinion.

Generally, when I use crypto it will be roughly 1.5% higher vs the three options above (Thus the desire for a pop up in the volatility of crypto). My best purchase was after a 13% crypto increase. That day it had actually popped up 16% but I couldn't get a buy in quick enough.

Five most commonly accepted: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), and Shiba Inu (SHIB). Other than the first three I don't perceive any others having but only the slightest intrinsic value as an investment. However, they can be used for other purposes, IMO.

Most also accept the following five USD-pegged stablecoins (GUSD, USDC, USDP, DAI, and BUSD) and Circle Euro Coin (EUROC) a stablecoin backed by the Euro.


Another reason to only invest in the top 10-20 or so cryptos:

How many cryptocurrencies are there? In short, there were over 9,000 as of 2023, although there were many more digital coins in the early months of 2022. Note, however, that a large portion of cryptocurrencies might not be that significant. There are other estimates of roughly 20,000 cryptocurrencies being in existence, but most of these are either inactive or discontinued. Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly 90 percent of the total market.

Per the following link:

https://www.statista.com/statistics/863917/number-crypto-coins-tokens/



Continued Success,

I play here sometimes as its about a 3hour drive. The casino is over a mile long. Thousands of slot machines and though the following article suggests 100 tables it now has closer to 200 table games.

Personally, I prefer smaller casinos. This is near Southeast Oklahoma/Texas border. A safe town, with very little crime, along with nice dealers and locals.

https://www.500nations.com/casinos/okWinStar.asp

For some reason I can't figure out how to change a misspelled word/correct.

Tried to edit. Meant to say albalaha, owner of 2298 blockchain patents.

Meant to say above:

"...Plus, the majority of the main patent holders for all-things-blockchain, are owned by large banks and wealthy corp groups such as "albalaha" [/color]b](Not to be confused with our forums' albalaha, .



Meant to say albalaha, the B2B eCommerce platform that owns almost 2298 blockchain patents.

The following link is from youtube by a poster named Naser.
The title is: Baccarat-Banker or Player-Don't lose your money by thoughtless decisions.

Any thoughts?

https://www.youtube.com/watch?v=5qaP8uozlZQ



Continued Success,

Thx for post above Asym.

"...IMO best MM to exploit a small edge is to selectively wager huge amounts at very few spots (a kind of 'Bold strategy') or...

And Alrelax pointed out that it's wiser to 'press' the bets at the earlier stages of a positive pattern...."

I agree that if one chooses to live/die with a pospro then one should make their primary press earlier vs later. I'm a firm believer that much of our war with the casino is won by what the bettor is doing between wager #1 and wager #2. For we shall see the same length of Ws(and Ls) streaks, regardless of the size of our bet.


Continued Success,

Thx Vic. Does one need to register on the rouletteideas.com site to see/download the above referenced info??

I've lurked over there some in the past/read many of yours/albalahas' posts. I find both of your roulette ideas very informative.



Continued Success,

Thx Asym


Do you think a "more" extreme presentation of outcomes is more probable to present in a 6-deck vs 8-deck shoe? Why or why not.



Thx in advance,

Deleted due to error,kfb

Hi Albalaha

Thx for post above.

Bitcon today 8/18 ~~25,800 w a weekly (r=25,800--30,500).

This is the kind of volatility I was speaking of recently in an above post. The "intrinsic" value of Bitcoin didn't change this much. Though a lot of people made a nice profit this past week wagering on the fluctuations within this band (r=25,800--30,500). The larger (and likely the early investors) made money while the smaller (& likely the recent investors) panicked and will sell out of their positions quicker. The larger investors will "rinse & repeat" this scenario regardless of if Bitcoin is at 20K or 60K.


Alb

"...BlackRock, the world's largest asset manager with a whopping $10 trillion under management, has expressed its bullish stance on Bitcoin, highlighting the growing mainstream acceptance of cryptocurrencies...."

I would too if I just applied for an ETF(on bitcoin).

This ETF is a game changer as this will permit large entities(largest/earliest investors and countries,..etc) to manipulate (Affect price with a much smaller investment) on Bitcoin.

*This is similar to the current manipulation of the Gold markets with the GLD ETF. Entities that want to make the U.S. Dollars appear stronger (To siphon from countries with a weak currency) can affect the price range for the actual metal. It is important to note that for every 1oz of Gold in possession right now there is approx 30X as much "paper" ownership. This can continue until a high% or large ownership requests physical delivery of their Gold.


I guess my reservation on all things Bitcoin is that we as owners of Bitcoin do not get royalties or a tiny % from each transaction (like banks /credit card processors). Plus, the majority of the main patent holders for all-things-blockchain, are owned by large banks and wealthy corp groups such as albalaha(Not to be confused with our forums' albalaha, .

albalaha has approximately 2298 blockchain patents. The majority of the others are owned by large financial institutions such as JP Morgan, Bank of America,...etc.


**I bought bitcoin the last time it was approx 20K, immediately used the volatility to make gold/silver purchases (More intrinsic value /less volatility). I will buy again when it drops to ~~14K USD, rinse & repeat. Though I do acknowledge it could reach the range of 60K--120K prior to my hypothesis of 14K.


Just my opinions.



Good investing to all,

Hi Albalaha

"...(Bitcoin)is scarcer than diamonds and big corporates whales are into it, so it is not going to finish anytime soon. A big rise in prices is expected around bitcoin halving. ..."

    I hope you are correct. I do agree w you and think it will increase significantly in the future( and will also tank at times). Though IMO these huge swings in volatility won't be due to a sudden change in value.

An example:

Tesla (TSLA) bought $1.5 billion worth of bitcoin in February 2021 (about 4,200 BTC), causing a flurry of excitement in the crypto space. The company's CEO, Elon Musk, tweeted "#bitcoin," a post that resulted in a 17% surge in the digital asset's price.


Who owns the most Bitcoin?

https://cryptonews.com/exclusives/who-owns-the-most-bitcoin.htm



Continued Success,

Hi AsymBacGuy. That is certainly an extreme list of outcomes.

Asym above:

"...1) An entire shoe only forming singles and doubles (no 3 streaks at either side)..."

that's a crazy anomaly.
I've only seen one shoe in my life that failed to produce at least one same-side streak >=3 IAR.


"...3) An entire shoe not forming any single (but featuring very long B/P streaks).."
   
    I have never observed such a shoe. Nor do I recall ever hearing of such. You may have a Guinness Book world record on that one,  .



Continued Success,

Hi alrelax

Great cash extraction.

Your bac comrade:

"...Then she told me she had several chances left trying to build out $250 each time, nine times. She told me she was into the session with the money on the table she had for $4000.

She stacked all of her chips together and said out loud, "I got to chance it and if I win this, I got my money back and I'm up a little bit and I'll leave, if I lose I'm going to leave"...."

 that's crazy. Im glad it worked out well for her (& u). that's what is great about Bac is that one can have a subpar hit rate and then within 5 minutes and 2-3 consec wins suddenly have 10K or 5x buyin setting in front of you.

"...SIDE-NOTE:  Camaraderie is great IMO, of course camaraderie does not and will not change values of what is set to be presented.  However, in many cases camaraderie allows many bac players (including myself) to wager larger amounts, hype a winning section or group of hands and other things that allow us to win larger and additional hands that we might not have have been able to do otherwise. ..."


I agree that camaraderie can sometimes help us(or at least give us that extra nudge). I really like sharing the table with a couple veteran players that are serious/I know they study the game. Especially if I know them well enough so that we can discuss the current shoe/upcoming hand. "What are you thinking?", or "How strong do you feel?" , ...etc.


Congrats /thx for great trip report,

Hi AsymBacGuy. I like the way you phrase the following thoughts.


"...In fact, when the GP/AP tends to be low or very low, we have no reasons to chase a 'more likely course of action', we should consider that shoe as 'unplayable'. The same as bj players do when the count is negative.

To do that we have to employ simple distribution issues that have no guarantee of infallibility but increase our winning probability without falling too much into the negative outliers field."...


"...Therefore negative situations can't be compensated by long positive events unless the actual shoe belongs to the 'average' category...."


I find it helpful to recognize the "unplayable" shoes early. I often call them "erratic" as these are shoes that don't seem to present anything with consistency/ several different themes. In other words, I can't seem to get "in sync" with the current presentments/ or I'm getting in sync as that current series is ending, ...etc.
In these situations, I hold up and watch (or wait for the next shoe).


Continued Success,