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A 17 year old dictator is trying to create a Reddit nation and wants 2 million dollars to create an island nation by seceding from a South American nation and the nation will live off of the proceeds from mining bitcoin, legalized gambling and by making the country a bank haven. Lets see what comes
Some honest and brutal talk. Possibly controversial, but honest from the heart.
Tomorrow, the market opens and we have a potentially brutal week ahead. I hope I don’t anger my brothers-in-arms with this post. I hope this isn’t controversial. I want to express my opinions. Also, I can’t stress this enough… 1) I know nothing about stocks. I have never studied stocks, I know nothing about market research, and I have never worked in investments nor in finance. I work in a small medical clinic which allows me to have enough disposable income to play around with and, heaven forbid, completely lose it all without hurting me or my lifestyle in any way. I buy stocks if I like the company. Please don’t take financial advice from me. If I can give one financial advice, it is this: 2) please don’t risk money you or your family need. Close your eyes and imagine a number you can safely afford to completely lose without any emotional pain or consequences. Is $1? is it $100? Is it $10,000? Or is it $0? Regardless, only buy AMC stocks with that amount. Please. So here is the controversial part. 1) I don’t think we are being short ladder attacked. Rather, I think the reason for the stock price is more simple and more disturbing, but really obvious. I think it is due to “paper hands” 2) I think the HF are buying huge amounts of SHORTS legitimately, this is driving down the price, then the average retail investor (no one from this Reddit) freaks out and SELLS, thus further driving the price down. This is happening and causing the downward ladder appearance. The price drop is happening organically and legally. Just my opinion. 3) I also believe in mathematics and statistics. I think there are enough people here, assuming almost all 30K members are serious, and estimate about 10% of the people in WSB, the original 1 million people are serious, and together, we represent enough people to HOLD a price at a certain level. 4) As the price drops, the paper hands are slowly being weeded out from the woodworks, and more diamond hands are left. For the price to have dropped like this, the SHORT SELLING on AMC must be huge! Fintel estimates that it is around 60%. That’s crazy! Now this is just an estimate, but Fintel is a pretty respectable business who takes this stuff seriously. I think they are correct. This would explain the steady price drop of AMC over the past week. https://fintel.io/ss/us/amc So a short squeeze is quite possible…. IF…. And only if a large group of people do NOT sell their shares! HOLD THE LINE! Also, DIAMOND HANDS does not mean to hold onto a stock forever. I think it means: have a PLAN and STICK TO IT. Don’t see a sudden price drop and freak out SELL. This is why it is crucial to be investing with extra money. If you need the money for bills, for rent, or for things you need, it is too emotional. Just human nature. Diamond hands becomes impossible and the human fear factor kicks in and we develop… well…. Soft Human hands. If you have invested money you actually need, please exit this game. You are contributing to the market volatility and actually hurting the cause. This is not gambling. This is not sports. This is not a rocket ride to the moon. This is not a fantasy. This is literally a giant game of chicken we are playing with the Hedge Funds. If you can't play it to the end, don't start it! This weekend is a great time to take a pause and create a plan you will use for the upcoming week, and stick to it. This is not financial advice, but I will share my plan. If you take my advice or copy me in any way, you deserve to go broke! 1) I will not sell because the price dropped too low. DIAMOND HANDS. I will let the stock go to $2 and wait 3 years to make my money back rather than sell at a loss... ever. 2) In the highly unlikely event that it crashes and goes to $2, then I will literally buy every share I can afford. I will smile like it is a Black Friday Christmas Sale! The amount I put in at $15 will be a non-factor! I’ll be rich when the stock organically goes to $20 or even $35 in 4 years! 3) If there is a short squeeze, and this is a big IF, this is where I need a solid diamond hands profit strategy I can follow without decimating the cause. 4) If the price goes to $50, I will sell 10% and only 10% to cover some of my initial investments, but HOLD the rest. (Even set a Market Order for 10% of my shares to sell at $50 and forget about it for the day.) 5) IF the price goes to $100, I will sell 20% for the profit. (Even set a Market Order for 20% of my shares to sell at $100 and again, forget about it for the day.) 6) In the crazy unlikely event that it does spoke to $200, I will sell half and keep the rest in forever. I think this a very unlikely scenario to hit $200. (you get it.) 7) If anything happens under $50, I will not sell. It just isn't worth it. DIAMOND HANDS! In the unlikely even that AMC crashes, I will not sell! Back in 2017, I bought a ton of bitcoin at $8,000, probably a little more than I could have afforded at that time in my life. I watched as it dropped to $4,000 and eventually $3,000. I felt then, how we probably may all feel now. Can you imagine what would have happened if I had paper hands and sold? Only 3+ years later, look where we are? Look where I am with bitcoin! This is the essence of Diamond Hands!!! Thank you for your attention. I look forward to the battle ahead…. St Crispin’s Day, Biotches! I will add, if you chose to take advice from an ignorant dumb ape like me who works full-time in healthcare, you deserve to go homeless!
Once again, the Calvary comes to the rescue. Americans can now heave a sigh of relief after months of having to watch their fate hang in the balance as both Democrats and Republicans sparred over stimulus. After foot-dragging and name-calling for several months, Congress decided to approve a $600 stimulus package. However, the incoming Biden administration has promised an additional $1,400 making the total of $2000 in stimulus to be received by Americans. As expected, some of that money would find its way into the stock market. The explosion of retail trading made possible by apps such as Robinhood and Etoro has meant that more people can trade in stocks for zero or little commission. Flush with cash from the government, people are trying to the stock market to increase their money. Based on the prevailing macro-economic conditions, financial valuation, and social trends, we have compiled a list of stocks you should be spending your $2000 stimmy on. DraftKings As more states become amiable towards online gambling, one of the stocks which would benefit from expected legislation would be DraftKings. The expanding legalization of digital sports betting is an emerging trend. The November election results showed voters in several states largely approved ballot measures that legalized sports betting and other gaming expansion measures. On the revenue side, DraftKings saw a 98% year-over-year surge to $132.8 million in the latest quarter, reported on Nov. 13. In the quarter, the company raised its full-year 2020 revenue range to $540 million-$560 million, which equates to 25%-30% annual revenue growth. DraftKings also introduced 2021 revenue guidance of $750 million to $850 million, which equates to 45% year-over-year growth using the midpoints. The resumption of major sports such as the NBA, MLB, and the NHL in the third quarter, as well as the start of the NFL season, has generated tremendous customer engagement and revenue which implies that this stock would definitely see some significant upside. Square 2020 was a very good year for Square. The company’s share price soared above 250% last year and was one of the pandemic winners in the market. Given the company’s fundamentals, Square's stock price will repeat the type of growth it saw in 2020. The services that Square provides -- particularly its Cash App, which allows people to send and receive money without physical contact -- have become more necessary during these times of social distancing and working from home. Revenue for the Cash App was up a whopping 574% year over year in the third quarter. The company is also invested in bitcoin having out in seed capital in acquiring bitcoin. With bitcoin estimated to cross the $40,000 mark and possibly running as far as $146,000, this would shore up the company’s reserves. GM One reason why investors have been wary of the EV sector is the mounting debt and huge cash burn. This has made investors question the profitability of stocks in the electric vehicle space. With more EV stocks coming through the market through SPACS, investors are already mulling the idea that this may be a bubble. However, one company that many believe to have potential in the EV space is GM. Apart from having the infrastructure necessary to build cars, the company is can leverage its brand to ensure loyalty from customers. In addition, while other EV stocks such as Tesla and NIO may be fully stretched, share prices of General Motors are cheap, plus the company is been raking in profits. In November, GM announced it plans to invest $27 billion in EV and autonomous vehicles through 2025. GM also plans to release 30 EV models globally by 2025. For comparison, Tesla currently has exactly four EV models. Earlier this week, the company signed a deal with Microsoft for its autonomous vehicles. GM continues to execute well on its Core and Future businesses and remains one of the best-positioned companies in our coverage over the long run. The stock is a good buy for the long haul. AMD As the digitalization of the world continues at an astronomic pace, microchips would continue to play a more prominent role. Already, there is a shortage of chips worldwide which means demand and prices would surge. One company poised to benefit from this growing demand is AMD. The company has managed to chip away at Intel's CPU dominance thanks to its superior product line, which is based on a smaller manufacturing node, allowing it to deliver better computing performance and reduce power consumption. The use of chips would continue to grow as more people are drawn to cryptocurrency mining, online gaming, and data center storage. AMD was one of the biggest winners in2020, and the trend is expected to continue well into this year. It is also one stock that may not be affected by the rotation into value as microchips would continue to be in demand. TSM Taiwan Semiconductor is a dedicated foundry that manufactures semiconductors for other companies. It aims to lead in both semiconductor technology and manufacturing, providing an open collaboration platform to build enduring trust with its customers. The core strategy of Taiwan Semiconductor is its flexible business model. TSM does not need to design its own chips and prove its performance against the competitors; it only has to provide the technology and base for producers looking to make the best and fastest chips suited to their products' needs. By maintaining high-quality manufacturing processes and offering a collaborative platform to its customers, Taiwan Semiconductor ensures that it caters to producers across the spectrum even as technology rapidly evolves. The company has experienced strong growth: From 2015 to 2019, net revenue increased by a solid 26.9%, while net income increased 12.7%. However, as smart technology has become ever more central to lives the company's growth has begun to heat up. In Q3 2020, the company boosted its net revenue by 21.6% year over year, while net income increased by 35.9%. ETSY Etsy provides an online e-commerce platform where creators of arts and crafts, vintage items, and other unique goods go to sell their products. Etsy has something that many high-growth companies don't -- a profitable business model. It boasts a trailing-12-month operating margin of 16%, making this unique online marketplace a buy today even at its premium valuation. It has outmaneuvered eBay (EBAY), avoided the Amazon (AMZN) crush, and dodged competition from Overstock.com (OSTK) and Wayfair (W). When it reported third-quarter results on Oct. 28, Etsy reported a 128% leap in revenue to $451 million, well above Wall Street estimates of $412.7 million. Adjusted earnings came in at 70 cents, vs. estimates of 57 cents. In addition, gross merchandise sales jumped 119% to $2.6 billion. Sunpower Interest in renewable energy sources has soared immensely and continues to rise with each passing day. Two key forces are behind this surge: Increased awareness and urgency to address climate change, and falling costs of generation using renewables. Among renewable sources, solar energy looks most promising, due to its more predictable generation pattern. Solar's share in electricity generation is expected to rise from roughly 3% currently to more than 20% by 2050. SunPower (NASDAQ: SPWR) is one stock poised to benefit from these trends. With a huge government push, California leads the way in solar adoption. Still, only 9% of homes in California have solar installations, representing a huge untapped market. In the new homes segment, SunPower has headway, having already worked with 18 of the top 20 builders in California. The company captures more than half of California's new homes market. Its low-cost model positions it well to compete on pricing. The company can leverage its vast customer base to sell its storage products. Moreover, its leading position in the commercial and California's new homes market provide SunPower an edge over others in these segments. PLUG Plug power provides hydrogen fuel cell turnkey solutions to electric mobility and stationary power markets. The company continues innovating end-to-end hydrogen fuel solutions by harnessing its unique capabilities and is the largest buyer of liquid hydrogen in North America. Though the company has not posted any profit, many hedge funds are bullish on the stock, with analysts having high recommendations. The company’s $1.5bn deal with South Korean conglomerate SK Group into American hydrogen company has certainly drawn a lot of attention, with many investors gauging the company’s profitability. Plug Power’s core business is providing fuel cell-powered forklifts for commercial customers. However, it has expanded to hydrogen production following its acquisition of two hydrogen companies. These acquisitions expand the plug’s addressable market which has already exceeded $30 billion. The resulting vertical integration of the acquisitions makes Plug Power an even stronger company as can now provide the hydrogen that powers its vehicles. This definitely allows Plug to leverage on its already existing customer base which includes some of the best companies in the country. Plug Power raised its 2024 guidance to $1.2 billion in revenue and $200 million in operating income. Shares of PLUG have risen by 111% in the last month. Tesla Returning to the green-energy theme, Tesla is one stock that has significant upside. The company is positioned to benefit from the clean energy drive of the Biden administration. Apart from that, Tesla is the leader in its sector and continues to increase its delivery numbers. Tesla is now the most valuable auto company in the world. It has recently surpassed Facebook (FB) by market capitalization. The stock has recently received upgrades from analysts and if the EV market continues to evolve, Tesla would continue to be in the pole position, which gives it significant market share and of course revenue. GrowGeneration Corp. For those looking at balance sheets and income statements, GrowGeneration Corp is one highly profitable marijuana stock to watch in 2021. The company has the largest chain of specialty hydroponic and organic garden centers in the U.S. with 36 storefront locations. In essence, the company supplies products necessary for growing cannabis and works closely with major marijuana companies in the U.S. market. Shares of Grow Generation returned a whopping 880.98% in 2020, posting the fastest-growing quarterly results in the industry. It is expected that the company would continue its momentum this year. The shares of the company have so far risen by 20% this year. Additionally, the company continued strategic acquisition and expansion plans in the quarter, giving GrowGen more growth potential for 2021. It was easily one of the best performing cannabis stocks for 2020. In essence, GRWG stock showed greater market stability than other pot stocks in the U.S. in 2020. Thanks for reading! Checkout Afroxyz's page for more.
DOGE, to the MOON? Then, YOU need the RIGHT ATTITUDE.
I agree with Elon Musk. DOGE is the people's crytocurrency. That is what makes DOGE great, but that's what also makes DOGE a problem. I see a lot of you dunking on the smaller investors of DOGE. If you want DOGE to grow as a currency, then you need to stop. Crypto currency is about decentralizing the financial markets. It's about removing a governing authority. Yet, many of you are trying to position yourselves as the new governing authority. You call those who are less fortunate than you all sorts of names that can't be said in a post, but can be said in the comments (for some reason) because they aren't holding the DOGE to MAKE YOU MORE WEALTHY. Isn't that exactly what the fat cats on Wall Street are doing? They are calling you dumb money and unsophisticated investors. Sadly, many of you are doing the very same thing when given an opportunity. You're looking down on those who are excited to sell off and earn $7.00 while many of you are making $7 grand. Gross. This isn't Dark Souls the video game. This is real life for many people. The response of "git good" just doesn't apply here unless you want to take on the personas of the Wall Street Fat Cats you claim to hate. If you people with the money to spend are getting upset because the value of DOGE is fluctuating, or not seeing a bull rally to the extent that you wanted, then you are the unsophisticated investor. You should know better. Market value tends to fluctuate. Deal with it. If you got $7K in your account and you are getting upset that poor people are selling their DOGE for a $7 profit, then you are a product of your environment instead of an instigator of a financial revolution. What is the point of supporting cryptocurrency if you people are just going to be the new Wall Street fat cats who think those who aren't playing the game your way should just not play at all. Many of you are becoming the corruption you claim to hate. Stop it. Reel yourself in. I once had BlackBerry and Nokia stock, along with DOGE, about a year ago before everyone had a hardon for these assets. However, I went through a snow storm that cut power for a week. I worked from home at the time, so I had to take time off of work until I had power again. That snow melted and turned into a flood that wiped out everything I owned. I even lost my pet cockatiels whom meant everything thing to me. I took a while to get a job after Facebook canceled all of their independent contracts after the phone recording scandals. I was a transcriptionist doing transcripts for Facebook. I didn't have much more than a few pairs of clothes. It was hard to get a job because I didn't have the right clothes anymore. I had to sell off my stocksat a loss just to cover my body, cover rent, but a new phone, pay for service. It took me months to get a job until I got myself in a good position. Then, I found out in February of 2020 that I am going blind (glaucoma and macular degeneration). Just when I was starting to get my footing again, the pandemic hit. Then, the place I planned on moving to got burnt to the ground by wild fires. Blue River, Oregon essentially doesn't exist anymore. I also never got my $1,200 stimulus, nor my $600 stimulus. I also am still waiting to get three months worth of unemployment when the job I just got a year prior had to shut down due to state regulations on which businesses can be open. Now, I am at a pretty good job. I was getting ready to invest again, except that I am being charged for insurance and benefits already even though I don't get benefits and insurance for another two months. I am paying two insurance premiums right now until they refund me for the erroneous charges. I was going to use that money to buy contact lenses. Try having glaucoma and then wear glasses with a face mask. It just doesn't work. Despite my place in society a year ago, many of you would hate me now because I sold $27 worth of DOGE why you Reddit Fat Cats sit on your $7K. Screw you. Don't be awful. Don't be the corruption you claim to hate. If I need to sell all my DOGE so that I can afford to take my clothes to the laundromat for another week, then so be it. I get to decide what to do with my money. Not you. I don't get food stamps or subsidized housing from you. You don't get to tell me or anyone else what to do. If you want a DOGE revolution, then be the revolution. Don't be the corruption. If you have the luxury to hold the DOGE, then you have the financial stability to deal with it and let the little guys do what needs to be done to take care of themselves. It seems like many of you are getting upset because you aren't getting richer sooner than later, that is so Wall Street Hack of you. TO THE LITTLE PEOPLE: I am sure DOGE will go to the moon, but that responsibility doesn't rest on your back solely. It has to be a community effort. If you need to sell your DOGE to make it another week in your meager lives, do it. I'm there with you and I am committed to getting out from this hole I am in, just like the rest of you. Don't let any of these Reddit Street Fat Cats tell you how to spend your money. It's called FUD. Fear. Uncertainty. Doubt. These people will try to make you question your choices for their own personal benefit. Don't let that happen. Take care of you. It doesn't matter if you buy DOGE this week or sell DOGE this week. Your participation alone will contribute to the strength of the DOGE. Even if everyone sat on their DOGE investments, new DOGE is "minted" (not proper term, cannot recall the proper term for the life of me - but the same sentiments applies) all the time. The value of DOGE will go down even if everyone sits on their DOGE but don't bring new participants to the currency. Your participation is more valuable than many of these people will let on. It will take time for DOGE to hit a $1. It's not going to happen if these people insist on being nasty to people like you, and thus discourage your participation. If these guys are so well off, they can go buy a $30K Bitcoin then. The fact that DOGE is only a few cents is what makes DOGE the cryptocurrency for the people, as Elon Musk said. It's a great way to experiment with crypto and get your feet wet without experiencing significant loss. Buy DOGE. Sell DOGE. Do what you want. It's people like you who create an economy, not the people who hold onto their wealth. Holding onto wealthy only benefits the person holding the wealth. They don't even get taxed the same as someone who makes short term sells. IRS will punish you for being in a desperate situation. Maybe, someday, you will be in a better position to accumulate wealth instead of making gambles to get there. DOGE is a great way to practice money skills. Have fun. Experiment. Learn. Ignore anyone who tries to dictate your life. Seek meaningful advice, but avoid those who are trying to put thoughts in your head as a collective swindle. That's how Wall Street works. A lot of people are following bad examples. Be better than that. Maybe in a few years, it won't be Reddit versus Robinhood. Maybe, it will be YOU versus Reddit. Stick it to the man. Do it for the people. Do it for yourself. Don't do it for their ego. Please be advised that I am not a financial advisor nor tax consultant, and any claim I have said here should be verified by a qualified third party, as a legal disclaimer.
TLDR: Price expectations of $0.01-$0.20 in the next 1-3 years will depend on how popular DOGE remains, and online use cases. But right now this chart screams Bubble! Preface: I am a CPA but also have an IQ of 69 and are what some refer to as ‘legally retarded’. This is just my own personal opinion and does not constitute financial advice. Never gamble more than you can afford to lose. So I’m looking at Dogecoin prospects closely and it’s difficult to predict it’s true present or future value but these are the factors I have considered: Market cap: how much all Dogecoins are worth (note: these were values at the time of writing and are still fluctuating massively). Right now it’s $5b making it a top 20 crypto-coin today. But they all get compared to the #1 coin, Bitcoin, which is currently worth $625b. Next is Ethereum at $150b, followed by $28b for Tether. Big differences. For Dogecoin to be top 5, it would need to hit $15b market cap and my best case expectation is $20b in the medium-long term (1-3 years). The $1 Dogecoin meme is highly unlikely as it would require toppling Ethereum. Not impossible, just unlikely, as Ethereum has been been designed for other use cases outside of finance and is already better established in the market. Tether is popular because it’ll store USD safely. Below Tether, the crypto field gets crowded which is why DOGE needs social media hyyype to grow it to position 4 or 5. Supply: new DOGE are being added every year, whereas Bitcoins aren’t. Limited supply = higher price, which is why Bitcoin is considered a ‘store of value’, akin to gold. Since almost every crypto-coin is pegged against Bitcoin, that further solidifies its top position. Sorry to say Dogecoin can never be top dog. Dogecoins are, however, intended to be closer to a regular (central bank issued, or fiat) currency. Continual new supply will put downward pressure on prices. While better for a stable currency price since it counteracts inflation, it’s less ideal for a speculative investment. Look at Bitcoin Cash, it’s another fast, low fee, stable value. Overall it’s devalued since launch, but still has the potential for 2-4x gains if traded low to high. There’s also the threat of large scale mining operations flooding the market with DOGE while the coin base is still in it’s establishment phase. Hype: Cryptocurrency, and especially Doge, is popular right now driving up short term prices. Early investors (pre-2021) have already made the most on a fast 800% growth, which to me indicates a bubble. Having spent some time comparing this price spike to every other top 10 coin, it’ll likely settle back to a price of $0.01 after the hype dies. But Reddit is pretty good at running a strong hype train, so it’s possible the rocket stays firmly on trajectory for a moon landing. Will DOGE still be popular in 1 month, or 1 year? Sure, but will that make it valuable? Not necessarily. Bitcoin and alt-coins are popular too but are just as subject to wild swings in value. DOGE is ideal for tipping people small amounts online (much funner to send someone a DOGE than it is a BitCoin Cash), as well as through merchant transactions since it’s faster than most other coins. And that brings us to Dogecoin’s major edge: marketing. It’s heckin logo being a much cute, very wow Shibe Inu 🐕 Social media engagement, memes, celebs amplifying the memes, and constant online presence would need to continue for it to remain popular and not just ‘the 2021 trading frenzy meme coin’. Conclusion: I feel Dogecoin is a SELL because it’s in a bubble right now. For long term HODL I’ll wait until the bubble bursts so I can scoop them up 0.01. But I will hedge my own recommendation by buying 25,000 if the price drops under $0.03. If that’s contradictory to you, I’ll refer you back to my smooth brain IQ. Highest expectation of a $0.20 price is provided DOGE solidifies itself as a popular and stable Top 10 alt-coin. Major risks to that assessment are price volatilities related to potential overhype, unlimited supply, Dogecoin failing to find common online usage, and to an extent future merchant adoption. These factors combined would potentially see the currency wind all the back to $0.003.
I’ve seen a lot of these posts come up over the last few days with the flurry of activity but felt like they all missed one aspect or another, so here is my shot at making a guide to keep everyone (but especially the newbies) in happy, healthy financials as they enter the space. I'll TLDR this now for those who don't want to read a long post, but these are lessons everyone has heard. The depth of this post is to show you the real logic behind those lessons. Anyway, TLDR is: I AM NOT A FINANCIAL ADVISER but people aren't "unlucky" in not seeing returns when they buy into a hype investment through FOMO. It is economics and mathematics dictating that you're probably not getting in at the right time. ONLY invest money you can afford to lose, and ideally only in projects you honestly believe in. Naturally, need to start with street cred or else who would bother with what I say, right? I’m not a hugely active poster but been in the crypto space since 2016 and investing for much longer than that. Unsurprisingly means there are a lot of painful lessons that have been learned through the years. So let’s start on the journey. FOMO MATH Our journey starts where it often starts for most people just jumping into a new investment trend. It tends to take the form of “Interesting… it’s been going up and up. If I invest $ now and it goes up another 900%, then I’ll have $$$$$$$$$. Heck, even if it goes up another 100%, I’ll have $$ and I can just cover my expense. But I need to jump in now before it gets to its peak!” I suppose you know what FOMO is, but for the truly uninitiated, it stands for Fear of Missing Out, and you can imagine what that means. You’ve also probably heard that it’s NEVER good to follow this and maybe even intuitively understand why. You probably think of that understanding along the lines of “I’m never lucky on these things.” but there’s a bit of (informal) math to explain this as well. Supply and demand. You know it. I know it. Anyone who’s heard of crypto is probably informed enough to understand the most widely-known economic principle in the world. Price is highest when demand is high and supply is low, but let’s look at that in the context of a crypto pump. Supply: Cryptos tend to be ‘mined’ through predominantly two different mechanisms, which I won’t get into here, but the salient point is that crypto’s supply growth (at least for any token you’ve likely heard of) is independent of the market. This is why it’s sometimes called “digital gold” in that it has built-in scarcity. So supply has limited impact on pricing other than to be the wall that demand runs up against. Demand: This is where we see the big pumps – when lots of people come into a token or group of tokens wanting to buy. Again, common understanding says that when lots of people want to buy, then pricing goes up. So when demand is highest, price is highest. Which means, and this is the key part, when the most people are buying, the price is at its highest point and will start to go down from there. The natural, statistical conclusion from this is that you’re most likely to be buying at or near the highest point, with nowhere to go but down. So those suppositions of “900% or just to be safe, 100%” are entirely wrong. If you’re lucky, you might catch it on the upswing, but let’s be honest. You’re not going to sell at that 5% gain when everyone is in their euphoric “HODL HODL NO FUD” space, at which point you’re just climbing to the top of the hill only to roll down again. It’s not luck, it’s just math. This sort of flawed assessment is also typically fuelled by seeing the absolute bottom value and the absolute top value, and comparing the difference. “It was at min of 0.07 last night and shot up to max of 0.49 this morning, so if I picked my spots right, I could have made 7x value.” But you have to know that have the hundreds of transactions that are done every second of a bull run, only a few people actually bought at that low, and only a few people sold at that high. And it is incredibly unlikely that those two groups contained any of the same people. So no, not even the best performers got a 7x return on that investment, and for all the reasons we already discussed, you certainly won’t either. BIG BUCKS ARE BIG GAINS, BUT... It does make sense. The more money I put in, the more I can earn. Ya know, the rich get richer and all that. Yet everyone keeps saying you need to only invest money you can afford to lose. As before, we'll start with why someone would do this, then talk about why the logic they would use is flawed. "I could afford to lose $200, but even an unbelievable 250% return on $200 is like $500 at best and that's not enough for me to do anything I really want... But if I invest $20,000, even a 10% gain is $2,000 and that gets me a down payment on a car. I'm not looking for a lambo like those other crazy folk so I should be OK." It almost seems logical at that point, since you don't NEED those crazy returns we talked about in the first section to achieve the financial goal you're setting. But like we said in the first section, you probably aren't investing at the right time at all, and the most common point that anyone (yourself included) is buying is at the absolute peak of the market. So while a 10% gain is theoretically reasonable, you are statistically unlikely to have bought in at the right time to get that, so now we REALLY need to think about the inverse. Because the math on the other side of the hill looks really painful. Let's say your $20,000 investment dropped 10%. You've now lost $2,000 and if you're a fairly sensible person, you might just cut your losses and go. But if you're the type of sensible person who also doesn't like to walk away with a loss, you might see a 50% decline down to $10,000 before you cut and run. So now, how do you recover that investment? You need to turn $10,000 back into $20,000 just to break even, meaning you now need a return of 200%, or a 4x magnitude increase over the magnitude of your loss. You keep playing the game, trying to make back losses, but the mountain you have to climb is much bigger, and you're starting with a lot less. This is why when you think of risk, it isn't risk. It is punishment - and in investing, the punishment is greater than the reward. This is an important lesson for any investor to learn. You need to start using the word "punishment" instead of "risk". Taking risks sounds sexy, like you're a brave maverick unafraid of the obstacles you might face. Heck, we're often even taught that we need to take risks to succeed in life. But punishment is what it actually feels like when your investment doesn't work out. You will feel regret. You will feel stupid. It's all normal and natural, even for people who have been doing this for years. But you don't want to couple that with the stress of having to scramble to preserve your financial future because you decided to gamble with your tuition money. BUT WHAT ABOUT YOU? All of this might make it seem like you simply should not invest, especially if you don't have more than a few hundred to few thousand dollars to invest with. At that point, you might be asking why someone who invests and trades crypto would be telling you all of this and perhaps wonder if they had some ulterior motive to it. So let's clear this out of the way, investing is good. If you have the cash of any amount that you'd like to hold on to, invest it, but do so wisely. Here is a rundown of how to do that and why they're considered sound advice: - You should pay yourself first with whatever income you have, meaning set a budget and put the savings portion away as soon as you have it. - You should have the bulk of your portfolio in low and moderate-low punishment investments that will bring stable returns over time. I AM NOT A FINANCIAL ADVISER SO DO YOUR OWN RESEARCH PLEASE, but many people recommend ETFs or Index Funds for those of you who want to leave your money somewhere and let it grow. - Speaking of the "I AM NOT A FINANCIAL ADVISER" clause, you should understand the legal meaning of this. It means that the person who's giving you that info is not a fiduciary. In plain English, that means they have no obligation to care about your financial future. If you want professional advice, always ensure it's from a fiduciary (and remember, not everyone who claims to be a financial professional is a fiduciary). Otherwise that person may simply be spreading information to further their own interests. - Check to see if a 4% YoY return on your portfolio balance will get you where you want to go financially in the long term. If not, you're probably best off feeding that base first. If you're set there, you can start to play around a bit more. - Now that you're working with cash that you won't miss, DO YOUR RESEARCH. Remember what we said about fiduciaries? No one on Reddit is obligated to give you good advice, and everyone has their own interests. I know it's annoying to have to do the work, but seriously, would you do the same in real life? If someone you didn't know walked up to you and started talking about how Bird.Money is definitely the future would you go home and throw cash into it? Not knocking Bird.Money, but you'd at least want to know more about it first. - You also need to be aware that all crypto should be considered medium to high punishment. Even BTC (Bitcoin) and ETH (Ethereum) are volatile by most investment standards, and altcoins can be even more volatile. - The other critical reason that you must do your own research is because you should invest in things you truly believe in! All those people who became millionaires after a huge spike? They didn't get in because the news said that it was the hottest thing on reddit. Most of them got in well before others knew about it and genuinely believed in the project. Certainly VERY unlikely that you will also become a millionaire or anything like that, but even so, the worst thing that can happen is that you supported a project you honestly believed in. If we all do that, the crypto space will be better for it. Much love to you all. Don't buy Doge. Thanks for reading!
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
TLDR: Price expectations of $0.01-$0.20 in the next 1-3 years will depend on how popular DOGE remains, and online use cases. But right now this chart screams Bubble! Preface: I am a CPA but also have an IQ of 69 and are what some refer to as ‘legally retarded’. This is just my own personal opinion and does not constitute financial advice. Never gamble more than you can afford to lose. So I’m looking at Dogecoin prospects closely and it’s difficult to predict it’s true present or future value but these are the factors I have considered: Market cap: how much all Dogecoins are worth (note: these were values at the time of writing and are still fluctuating massively). Right now it’s $5b making it a top 20 crypto-coin today. But they all get compared to the #1 coin, Bitcoin, which is currently worth $625b. Next is Ethereum at $150b, followed by $28b for Tether. Big differences. For Dogecoin to be top 5, it would need to hit $15b market cap and my best case expectation is $20b in the medium-long term (1-3 years). The $1 Dogecoin meme is highly unlikely as it would require toppling Ethereum. Not impossible, just unlikely, as Ethereum has been been designed for other use cases outside of finance and is already better established in the market. Tether is popular because it’ll store USD safely. Below Tether, the crypto field gets crowded which is why DOGE needs social media hyyype to grow it to position 4 or 5. Supply: new DOGE are being added every year, whereas Bitcoins aren’t. Limited supply = higher price, which is why Bitcoin is considered a ‘store of value’, akin to gold. Since almost every crypto-coin is pegged against Bitcoin, that further solidifies its top position. Sorry to say Dogecoin can never be top dog. Dogecoins are, however, intended to be closer to a regular (central bank issued, or fiat) currency. Continual new supply will put downward pressure on prices. While better for a stable currency price since it counteracts inflation, it’s less ideal for a speculative investment. Look at Bitcoin Cash, it’s another fast, low fee, stable value. Overall it’s devalued since launch, but still has the potential for 2-4x gains if traded low to high. There’s also the threat of large scale mining operations flooding the market with DOGE while the coin base is still in it’s establishment phase. Hype: Cryptocurrency, and especially Doge, is popular right now driving up short term prices. Early investors (pre-2021) have already made the most on a fast 800% growth, which to me indicates a bubble. Having spent some time comparing this price spike to every other top 10 coin, it’ll likely settle back to a price of $0.01 after the hype dies. But Reddit is pretty good at running a strong hype train, so it’s possible the rocket stays firmly on trajectory for a moon landing. Will DOGE still be popular in 1 month, or 1 year? Sure, but will that make it valuable? Not necessarily. Bitcoin and alt-coins are popular too but are just as subject to wild swings in value. DOGE is ideal for tipping people small amounts online (much funner to send someone a DOGE than it is a BitCoin Cash), as well as through merchant transactions since it’s faster than most other coins. And that brings us to Dogecoin’s major edge: marketing. It’s heckin logo being a much cute, very wow Shibe Inu 🐕 Social media engagement, memes, celebs amplifying the memes, and constant online presence would need to continue for it to remain popular and not just ‘the 2021 trading frenzy meme coin’. Conclusion: I feel Dogecoin is a SELL because it’s in a bubble right now. For long term HODL I’ll wait until the bubble bursts so I can scoop them up 0.01. But I will hedge my own recommendation by buying 25,000 if the price drops under $0.03. If that’s contradictory to you, I’ll refer you back to my smooth brain IQ. Highest expectation of a $0.20 price is provided DOGE solidifies itself as a popular and stable Top 10 alt-coin. Major risks to that assessment are price volatilities related to potential overhype, unlimited supply, Dogecoin failing to find common online usage, and to an extent future merchant adoption. These factors combined would potentially see the currency wind all the back to $0.003.
There’s a huge amount of disinformation about Dutch Tulip Mania that has separated the actual events from the cautionary tale of speculative frenzy, mostly disseminated by the 1841 book, Extraordinary Popular Delusions and the Madness of Crowds. Let me address a few of them: The tulip flowers weren’t really part of the frenzy, though they were relatively new to Europe and fashionable, they didn’t spike in price the same way. It was the bulbs, the source of the flowers that bubbled. And the tulips bulbs being traded were not for ordinary garden flowers. They weren’t a commodity item. They were “flaming” hybrids, genetic mutations that carried specific bright patterns. These mutations would not transfer to seeds so they could only be cloned from an existing bulb, a somewhat risky and uncertain process that takes time to regrow the bulb. This limited the growth rate to roughly doubling the supply once per year. Owning one of these rare bulbs meant owning a portion of the total production of that particular flower. Owning all of the bulbs for a specific flower meant cornering the supply completely The mania only lasted a few months, from around September 1636 to February 1637. The bulbs are planted in the ground in the autumn, so there was no time for the supply to expand and the physical bulbs didn’t even move at all, just paper contracts. The number of people and money involved wasn’t that big. It started with hobbyists and collectors making verbal deals and grew from there to a market of a few hundred traders. At its peak it involved maybe low thousands of traders and people hoping to get in on the fun meeting in taverns across 4 or 5 cities and a few smaller towns. Meanwhile the Dutch East India company was the biggest commercial enterprise in the world, bringing home massive profits along with other Dutch merchants. Wealth was pouring into the nation. Investing in shared ownership of these companies was a pretty new idea and was restricted to the merchant class, so ordinary people with extra money were on the sidelines and searching for a way to join the action. The plague was also decimating the population which may have given a fatalistic carelessness to the amount of wealth at play. Tulips were just a sideshow, a fun bar room gambling game to many of the wealthier participants. Tulip bulbs and money never changed hands at the peak prices quoted in literature (ie one house for a single bulb). What was being traded in the bars were futures contracts because the actual bulbs were in the ground still. New legislation enacted in February allowed buyers to escape their bar room deals for a nominal penalty. This basically converted all of the contracts written since November 1636 into option contracts. It’s believed that a lot of traders already knew this was coming so they purposely bid up contracts to flip them knowing that they could get out legally if they didn’t find a buyer. The price crashed very soon after the new legislation came into effect. There are no available records of anyone being left broke or destitute or commuting suicide in the wake of the crash. P.s. This is a work from fellow redditor and for the love of god I am not finding his comment.Edit : Found the original comment , thank to u/isthatrhetoricalhttps://np.reddit.com/investing/comments/kf2221/is_bitcoin_a_tulip/gg6f1bf?utm_source=share&utm_medium=web2x&context=3
Bored? Looking for something to do? Start with this list of things to do in the Sacramento area.
(Credit for the below list has to be given to u/BurritoFueled, who created the original list in 2014 and updated it a year later. Almost two-thirds of the items below are still from that original list. All I’ve done with the list is revive it a little bit by updating dead links and making little tweaks when necessary. Also, thanks to those that submitted new additions to the list last week. Over a third of the below items are new and a lot of the original items have had newer information added onto them.) People are always looking for something to do around here. Maybe you’re a transplant, unaware of what this area has to offer, or maybe you’re a lifelong resident, tired of the same old thing. Well friend, if you fall into the latter category, do not despair. There’s actually plenty of things to do in the Sacramento area – things of interest to almost any lifestyle, personality, or budget. So, whether you’re an athlete, geek, eccentric, hipster, weirdo, sexual deviant or just a normal person looking for a new activity, below is a list of activities for you to try. Please note that it includes only activities that take place at least a few times a year – no one-off events or festivals here. Enjoy this list. If you have any suggestions of your own to add, comment below in this thread. I'll try to keep this as up to date as possible. Away we go. UPDATED 10-6-20 (Note: Due to the current pandemic, some of these activities may be curtailed or not offered at all.)
Become the next Tiger Woods (the golf part, not the cheating, getting your windshield smashed by your wife with one of your golf clubs part). Start by hitting up a driving range at Top Golf or Haggin Oaks.
If you prefer culture that keeps you on your toes, check out the Sacramento Ballet. Want to become a ballet dancer? They offer classes as well.
More into theater? Check out the Broadway shows that come to the Music Circus annually. If your tastes align with smaller productions, check out the B Street Theater calendar.
Join an intergalactic war for local landmarks and public art in the Google-produced, GPS-Dependent MMORPG, Ingress.
Tour the live-work spaces of Sacramento artists, and buy some art, during First Friday at Warehouse Artist’s Lofts. They often put on performances during First Friday as well.
Everyone knows about the Kings, Republic and the River Cats. Check out some of Sacramento's other sports teams: The Sacramento Sirens (women's tackle football), Sacramento Gold (men's soccer), or California Storm (women's soccer).
Purchase the sweetest sweet corn in all the land at the Davis Ranch in Sloughhouse.
When you're done in Sloughhouse, head a little further up the Jackson Highway (just past Rancho Murieta), hang a left on Michigan Bar Road, and cross the bridge (it's safe, trust me!) for one of the most historic, beautiful, and adventurous road trips in the entire area. Make sure you bring a hearty vehicle and avoid during winter and spring.
Play bocce ball at East Portal Park or Sutter’s Landing Park. When Sutter’s Landing skate park is open, you can borrow free bocce balls at the front desk if you give them your ID.
Get your party on at THIS, a free concert series every second Saturday at 20th and K during the warm months of the year.
Of course there’s the “official” Sacramento History Museum. A visit there can include an underground tour of Old Sacramento if that interests you.
After taking the underground tour, take a stroll across this sub’s favorite bridge – the Tower Bridge). Make sure to take a picture and post it. This sub can’t get enough bridge pics.
Beat the summer heat by getting soaked at Raging Waters, getting towed by a cable (wakeboarding) at Wake Island Water Park, or playing on floating inflatable climbing structures at Velocity Island Park. If you prefer to dip your toes in the sand and just lay out in the sun, try Sand Cove Park.
Show off your moves at the downtown outdoor ice skating rink during the winter months. If you need to show them off year round, you can do so indoors at Skatetown in Roseville.
Take a short drive to Rancho Seco Lake for picnics, swimming, fishing, and hiking. Watch out for three-headed frogs.
Attend an event with the cool kids at Sacramento’s DIY artist event space, The Red Museum.
Take a trip out of the city and go visit one of our many state parks in the region.
Or stay in the city and visit one of those state parks – the Leland Stanford Mansion – if 19th century Victorian architecture floats your boat.
Watch some slobberknockers live with Total Wrestling Federation and Supreme Pro Wrestling events. If you'd rather lay the smack down on some jabroni yourself, both promotions offer training.
Join a fraternal organization like the Elks or Odd Fellows for cheap drinks/meals, camaraderie, and old school cool – all for a good cause.
Check out – or offer your services – at the Oak Park Fix-it Café, a community-powered gathering for repairing and maintaining bicycles, clothing, household items, and the ties that bind a healthy community.
Buy some tricks, attend magic workshops, and become the next David Blaine at Grand Illusions.
Go watch some horseracing at Cal Expo. It’s harness racing from November through April and then traditional horseracing during the state fair. Want to end up with small fortune at the end of your day at the track? It’s easy. Just start your day there with a large fortune.
Watch some high school football! The Sacramento region boasts some of the best high school programs in the state. Check out top notch teams like Grant, Elk Grove, Folsom, and Del Oro to see potential NCAA Division 1 and NFL players of the future.
Watch some college football! Sac State had a huge resurgence in 2019 and UC Davis has always had a solid program. You can also check out the JC teams such as ARC and Sac City.
If Live-Action Role Play (LARP) floats your boat, Sacramento Valley Amtgard has the battles, weapons workshops, and skills classes you've been looking for.
Take a ride on the Sacramento River Train. You can ride the train or power along the tracks yourself with railbikes. They have different train excursions, including beer tasting and wine tasting trips. If you want to book a trip on a weekend, book early.
Want to learn how to fish? Try Fishing in the City from the California Department of Fish and Wildlife. After you’ve learned, check out the blog from FishingBooker on where and when to go fishing and what to expect. For some recent local recommendations, check here, here, here or here.
If fishing tours are more your style, catch your lunch on a guided fishing tour of local waterways.
Take in a play at one of Sacramento's smaller, edgier, more contemporary community theatre companies, like the Big Idea Theatre.
Do you like beer and visiting breweries, but don’t like driving between them? Midtown Sacramento has got you covered! Make a day of it by visiting these breweries, all within easy walking distance of each other: At Ease, Sacrament, Big Stump, Golden Road, Fieldwork, and Alaro. If you don’t mind walking a few extra blocks, you can add Device and Urban Roots to the list.
Join a running club. Sloppy Moose Running Club does a three-mile fun run at New Helvetia Brewing on Thursdays. Fleet Feet Sacramento Run Crew meets every Tuesday at Sac Yard Tap House for a three-mile walk or run.
Attend Wonk Wednesday, where policy wonks, planners, developers, urban designers and concerned citizens partake in an ongoing conversation about smart growth, urban planning, and climate change.
Enjoy your favorite horror flicks in a whole new way with Amber's Sweets – one of the nation's premier shadow casting troupes.
Attend a conversation hosted by California Groundbreakers – you’ll hear interesting people talking about interesting things.
Do you need a heavy dose of tranquility? Stroll around the UC Davis Arboretum for an afternoon and take in all the flora and fauna. If you really love flowers, you can also visit Horton Iris Garden in Loomis (open April and May only) or Amador Flower Farm in Plymouth.
Ever wanted to learn to sail, kayak or row? You’re in luck! The Sac State Aquatic Center offers lessons for those activities and more.
Antiquing never gets old, right? Visit Midway Antique Mall in Citrus Heights (focusing almost solely on midcentury wares), Antique Trove in Roseville, or the Antique Fair that happens every second Sunday on X Street, under the freeway.
Take the plunge at SkyDance Skydiving in Davis. If you want the skydiving experience without actually jumping out of an airplane, try iFly in Roseville.
Produce and broadcast your own TV and radio programs at Access Sacramento.
Play that weird sport you always watch when nothing else is on during the Winter Olympics with the Wine Country Curling Club at Skatetown in Roseville.
If playing weird sports on ice isn’t your thing, partake in a weird sport on dirt and grass with the Sacramento Cricket Association.
For more normal sports, with a big time social emphasis as well, join one of the sports leagues at XOSO and make some new friends.
Programmers, coders, entrepreneurs, makers, inventors, and those who aspire to be one of these: find workspace, resources, meet-ups, and classes at the Hacker Lab..
Pub crawls are the past, The Brew Bike is the present. Just ask anyone here. This sub loves the Brew Bike!
If you would rather pedal over water than on land, try The Brew Boat.
If you don't wanna work and just wanna bang on your drum all day, Sacramento Taiko Dan can help.
Want to become the next Picasso? You gotta start somewhere, so take a paint and sip class at The Painted Cork in Midtown Sacramento or Historic Folsom.
It’s well known that you can play miniature golf at Scandia, but did you know that there are indoor mini golf courses in the area as well? Try SacMiniGolf in Old Sacramento, Flatstick Pub in DoCo downtown, or even glow-in-the-dark indoor mini golf at Monster Mini Golf in Rancho Cordova or at CaliGlo in Elk Grove.
Find cool stuff that other people lost with the Sacramento Metal Detecting Buffs. Or learn to dive and see if you can meet up with u/Merman_Mike and find stuff at the bottom of rivers or lakes.
Visit tribal-owned Seka Hills Olive Mill in the Capay Valley to taste local olive oils and honeys as well as getting a tour of the mill itself. Check to see if there is an active Groupon before going.
(NSFW) Take it all off and strut your stuff at Gold Club Centerfolds Amateur night for a chance to win $450. Sorry guys...this is for ladies only.
(NSFW) Men and women, if you just like walking around naked in general, let it all hang out at Laguna del Sol nudist resort in Wilton.
(NSFW) Find someone to get freaky with at an Allures Lifestyle swinger party.
Make Mr. Miyagi proud by joining the Sacramento Bonsai Club – the oldest bonsai club in the United States.
Find true love, or just someone to do all these activities with, at a local singles event.
Rent a raft with River Rat or American River Raft Rentals, or grab some crap from the pool, and participate in a favorite Sacramento pastime by floating on the American River.
For a more invigorating river experience try a whitewater tour
Explore the fascinating world of orchid collecting (seriously, this hobby and the people who pursue it are crazy interesting) with the Sacramento Orchid Society.
The Sacramento Cactus and Succulent Society meets, and hosts a talk, at the Shepard Garden and Arts Center in McKinley Park monthly and welcomes guests. They also do field trips and their Annual Show and Sale is a must-see event for plant lovers.
Take a relaxing cruise on the Sacramento River aboard the Hornblower Yacht.
Did you know an "extreme sport" was invented in Sacramento? While the Z-Boys were taking skateboarding to the next level down in Dogtown, Launie Porteous and Mark Robinson were pioneering flatland (or "inland") skimboarding right here in the River City. Buy yourself a board or make one and give it a try pretty much anywhere you can find shallow water. Paradise and Discovery beaches along the American are this sports' ancestral home.
Mellow out at a kava kava bar with locations in Rancho Cordova and Davis.
Get the willies watching one of the largest Mexican Bat colonies on the west coast take to the skies at a Yolo Bypass Wildlife Area Bat Talk and Walk.
Hang out with feral chickens (yes, chickens!) at Fair Oaks Village Park. In the summer, you can watch live music with said chickens at their summer concerts in the park series.
Not to diminish the concert series at Fair Oaks Village Park, but when you hear "concerts in the park", everyone knows that is the Concerts in the Park series in downtown Sacramento. Live local and national acts perform on Friday evenings in the summer, and it’s totally free. If you’re not good with crowds you may want to give this a miss because it is packed!
Vacation or day trip so close, yet feel so far away, along the Delta. Rent a boat, jet skis, a cabin or camping spot, buy some bait and tackle, and/or eat out at various locations on the river.
Take a drive around the world’s smallest mountain range: the Sutter Buttes. You can actually drive around and hike the Sutter Buttes in the same day, however hiking is not free, you must do it as part of a guided group and you have to reserve a spot in advance.
Drive to Rio Vista via the only two ferries that are actually part of the state highway system.
Catch a free lunchtime concert every Wednesday at Westminster Presbyterian Church downtown. You can bring a bag lunch!
Go to the top of the Memorial Garage on the corner of 14th and H for some nice views. Watch the sunset or visit on a nice clear night.
Explore some of Sacramento’s nature preserves. Start with Effie Yeaw and Cosumnes River. Camp Pollock is another one, but unfortunately, it is not in the best of areas.
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
Different execution methods on different platforms.
Linux (Open Terminal) chmod +x mydicebot-linux ./mydicebot-linux
Mac (Open Terminal) chmod +x mydicebot-macos ./mydicebot-macos
Windows (Open Command Prompt) mydicebot-win.exe
Choose Dice Site, Input username/password/2FA/APIKey, then Login.
Bet and WIN.
How to run from source code directly
Ensure you install the latest version of docker and docker-compose bash git clone https://github.com/mydicebot/mydicebot.github.io.git mydicebot cd mydicebot bash start.sh * Visit http://localhost:57432/login
Features
Supported platforms: Windows, Mac, Linux, Web, Terminal/Console, Android and Raspberry Pi
Supported programming languages: Lua, Javascript and Python
Supported multiple dice-sites
Supported multiple strategies
New account registration
Existing account login
Betting statistics
Manual bet
Auto bet
Script bet (compatible with Seuntjies DiceBot scripts)
Essential configurations are provided for betting automatically.
Script Bet
Lua programming language
JavaScript programming language
Python programming language
Compatible with the variables and functions of Seuntjie DiceBot's Lua script
Import script from gist (Github) easily
Internal Variables
Single Bet Info
Variable
Type
Permission
Purpose
basebet
double
Read Write
Shows the amount of the first bet. Only set for first bet.
previousbet
double
Read Only
Shows the amount of the previous bet. Only set after first bet.
nextbet
double
Read Write
The amount to bet in the next bet. You need to assign a value to this variable to change the amount bet. Defaults to previousbet after first bet. Needs to be set before betting can start.
chance
double
Read Write
The chance to win when betting. Defaults to value set in advanced settings if not set. Need to set this value to change the chance to win/payout when betting.
bethigh
bool
Read Write
Whether to bet high/over (true) or low/under(false). Defaults to true (bet high/bet over)
win
bool
Read Only
Indicates whether the last bet you made was a winning bet (true) or a losing bet (false).
currentprofit
double
Read Only
Shows the profit for the last bet made. This is not the amount returned. betting 1 unit at x2 payout, when winning, currentprofit will show 0.00000001 (returned =0.00000002), when losing, profit will show -0.00000001
currentstreak
double
Read Only
Shows the current winning or losing streak. When positive (>0), it's a winning streak. When negative (<0) it's a losing streak. Can never be 0. Only set after first bet.
currentroll
double
Read Only
Show current roll information
lastbet
object
Read Only
This is an object containing more details about the previous bet, including the lucky number that was rolled, chance, amount, profit etc.
Current Session Info
Variable
Type
Permission
Purpose
balance
double
Read Only
Lists your balance at the site you're logged in to.
bets
int
Read Only
Shows the number of bets for the current session.
wins
int
Read Only
Shows the number of wins for the current session.
losses
int
Read Only
Shows the number of losses for the current session.
profit
double
Read Only
Shows your session profit. Session is defined as the time since opening the current instance of bot or the last time you reset your stats in the bot.
currencies
string array
Read Only
List the currencies that can be used at the current site, usually in the currency short code (btc, ltc, etc.).
currency
string
Read Write
Can be used to change the currency to bet in using any value from the currencies list. Only values from the currencies list can be used.
Internal Functions
Function
Purpose
dobet()
The loop of bets
stop()
Stop the bet
start()
Start the bet (from very beginning) after stop()
resume()
Resume the bet (from current stopping) after stop()
Message notification on the screen. Four types: "info", "success", "debug", or "error". Expire interval is 4000 ms by default, -1 for not hiding the message.
betinterval(ms)
Bet Interval in milliseconds
Sample Code
Strategy: Basic Martingale
Using Lua ```lua chance = 49.5 multiplier = 2 basebet = 0.00000010 bethigh = false function dobet() if profit >= 0.1 then stop() end
if win then nextbet = basebet else nextbet = previousbet * multiplier end
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
So the blockchain thing keeps coming up, but all the explanations are super vague and hand-wavey. I looked-over those PDFs PowerDubs posted the other day. I still cannot figure out how this is even hypothetically supposed to work. One proposed use is for a future online casino. Crypto casinos already exist, and they are shady. The largest bitcoin casino's CEO goes by the pseudonym "wetsuit". I assume he doesn't use his real name because of, you know, all the crime involved. So what's Atari's plan? If Atari is selling a tool for transmitting money for gambling, this is a wire-fraud risk. If Americans try and use this token, Atari will have to function as a financial institute in compliance with US law. The obscure bank Atari has partnered with may or may not exist, but it won't hold up to scrutiny either way. Maybe some other countries are more lax about this, but a lot are even more strict. So who, exactly, will legally be allowed to use this token? The other major purpose is for in-app purchases. If Atari lets users cash-out in-app currencies, this basically turns EVERY GAME into a gambling game. Game companies don't want to be fined for running money laundering operations, so they don't usually make it easy to cash-out in-app currency. "Blockchain" doesn't change this. If reputable companies don't want this, why would they work with Atari? Why would Atari even offer this? There are other proposed uses as well. None of these ambitious plans amount to anything unless the token has some value in "fiat". Game industry workers still need to pay rent and buy groceries, wherever they live. Workers don't want to be payed in coupons they can only spend on overpriced app stores like RobotCache. The whitepaper even says something about Atari Token helping people without internet access. Sure Jan. If Facebook couldn't figure this out with Libra, what hope does Atari have? Again, who will legally be allowed to use this token for its proposed purpose? How does being on the blockchain actually benefit anyone?
An Island Nation of Redditors with Legalized Drufs
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
An Island Nation of Redditors Hello all,I am here with my plan for my subreddit Reddit NationIf you are interested in joining a (hopefully) newly formed island nation then this is the place to be.I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request.Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan.Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)Acquire the islandSet up the initial infrastructureForm of Government that I propose is a constitutional monarchyCountry will be run as a democracy (two chamber form of parliament)Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.Establishment of the Government BuildingFor now this is where the government will convene until more infrastructure is added and the island is improved.People will be made citizens at this locationEstablishment of Civil ServicesWaste collection, Police, Social ServicesEstablishment of a PortThis will allow supplies to enter the island.This will allow for the island to participate with the rest of the world economically(I will expand on this later).The port will function as the entrance point and exit until the runway can be constructed.Establishment of Resident HousingThis temporary housing will be until the island can be developed and more permanent buildings can be put up.Resident Housing and the Government building will be set up near the port until island development is completedSet up a massive solar powered crypto mining operation to help finance further development of the islandA partnership with big mining companies can be brokered to have this set upMake the Island a desirable locationSet up the island as a luxury cityFree housing for citizensFree healthcare for citizensFree schooling and university for citizensBuild resorts and legalize gambling on the islandThe revenue generated from such activities will help finance further development of the islandWith the revenue generated from this, the island will be able to provide for the residents a luxury cityThe gambling industry investments will help to finance the island as wellMake the island a banking havenSet up a bank on the islandNo KYC laws will be enforced on the islandThis will attract forgien investment into the islandAllow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energyNo income tax,sales tax, capital gains tax or corporate on the islandCommercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxesThis will help attract a lot more forgien investment as wellWill attract companies to set up offices here and thus bring jobs to the island.Expand on the island infrastructureBuild an airport. The islands have enough space to accommodate runways for planes even up to jumbo jetsBuild more free luxury housing for residentsEstablish schools and universitiesEstablish librariesEstablish MuseumsEstablish a healthcare systemEnjoy the luxury haven of an Island that we have builtNow for the question of how much this island will cost and how we will get the fundingAccording to my calculations (you can look at them below) it will cost us $2,600,000The Island itself500,000The Port200,000 to buildThis will benefit us later when we receive forgien investments500,000 for 250 passenger ferryWe will budget around 100,000 for operating costsInitial Buildings1,000,000These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.Buildings includeCivil ServicesAround 50,000 to purchase initial equipment and medical suppliesAnother 100,000 to purchase ATVsAnother 100,000 to purchase off roading vehiclesBitcoin mining operationWe will get the money for the operation by partnering with a large companyWater Purification50,000Food SupplyWe will purchase MRE’s and other preserved food products for the islandAn exact count of this cannot be made until we move further into the planFurther development of the islandThis will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxesNow in regards to how we will raise that sumWe will sell off noble titles (this is why we will set up a constitutional monarchy)While no price has been established yet, the titles for sale can includeDuke, Duchess.Marquess, Marchioness.Earl, Countess.Viscount, Viscountess.Baron, Baroness.A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.On a 60 acre island, 15 acres would be marked for saleThe acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate taxDigital activities include the solar powered bitcoin mining operationWe will partner with an existing bitcoin company for thisSolar powered web hostingPeople can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of thisIf you have made it this far, please join the subreddit for this planMore information to come soon, thank you.
Hello all, I am here with my plan for my subreddit Reddit Nation If you are interested in joining a (hopefully) newly formed island nation then this is the place to be. I have prepared a plan that explains how we will go about doing such a task. More detailed elaborations for each component of the plan will be given at request. Obviously the first question is where we would have our island. I have identified places of interest. One place of interest is the Nation of Belize. Belize is a small nation with a low GDP of 2 Billion and they are selling off most of their island. Islands with 50-100 acres can be acquired for around 500,000; give or take 50,000. From the people (Government Officials) I have contacted, they are perfectly okay with this plan. Now here is a 5 step proposal of how this will come to fruition (I will expand on how we will finance this)
Acquire the island
Set up the initial infrastructure
Form of Government that I propose is a constitutional monarchy
Country will be run as a democracy (two chamber form of parliament)
Noble titles such as Duke, Earl, Count, Lord, Baron etc will be sold off to help initially finance the island.
Establishment of the Government Building
For now this is where the government will convene until more infrastructure is added and the island is improved.
People will be made citizens at this location
Establishment of Civil Services
Waste collection, Police, Social Services
Establishment of a Port
This will allow supplies to enter the island.
This will allow for the island to participate with the rest of the world economically(I will expand on this later).
The port will function as the entrance point and exit until the runway can be constructed.
Establishment of Resident Housing
This temporary housing will be until the island can be developed and more permanent buildings can be put up.
Resident Housing and the Government building will be set up near the port until island development is completed
Set up a massive solar powered crypto mining operation to help finance further development of the island
A partnership with big mining companies can be brokered to have this set up
Make the Island a desirable location
Set up the island as a luxury city
Free housing for citizens
Free healthcare for citizens
Free schooling and university for citizens
Build resorts and legalize gambling on the island
The revenue generated from such activities will help finance further development of the island
With the revenue generated from this, the island will be able to provide for the residents a luxury city
The gambling industry investments will help to finance the island as well
Make the island a banking haven
Set up a bank on the island
No KYC laws will be enforced on the island
This will attract forgien investment into the island
Allow cryptocurrency companies to conduct business without oversight and for miners to set up large scale operations using solar powered energy
No income tax,sales tax, capital gains tax or corporate on the island
Commercial businesses such as casinos, resorts, and banks will just pay slightly inflated property taxes
This will help attract a lot more forgien investment as well
Will attract companies to set up offices here and thus bring jobs to the island.
Expand on the island infrastructure
Build an airport. The islands have enough space to accommodate runways for planes even up to jumbo jets
Build more free luxury housing for residents
Establish schools and universities
Establish libraries
Establish Museums
Establish a healthcare system
Enjoy the luxury haven of an Island that we have built
Now for the question of how much this island will cost and how we will get the funding According to my calculations (you can look at them below) it will cost us $2,600,000
The Island itself
500,000
The Port
200,000 to build
This will benefit us later when we receive forgien investments
500,000 for 250 passenger ferry
We will budget around 100,000 for operating costs
Initial Buildings
1,000,000
These buildings will be permanently built but occupied until the island is built and then will be sold off to recoup the investment.
Buildings include
Civil Services
Around 50,000 to purchase initial equipment and medical supplies
Another 100,000 to purchase ATVs
Another 100,000 to purchase off roading vehicles
Bitcoin mining operation
We will get the money for the operation by partnering with a large company
Water Purification
50,000
Food Supply
We will purchase MRE’s and other preserved food products for the island
An exact count of this cannot be made until we move further into the plan
Further development of the island
This will be financed by the forgien investments in regards to banking, gambling and tourism along with money raised from property taxes
Now in regards to how we will raise that sum
We will sell off noble titles (this is why we will set up a constitutional monarchy)
While no price has been established yet, the titles for sale can include
Duke, Duchess.
Marquess, Marchioness.
Earl, Countess.
Viscount, Viscountess.
Baron, Baroness.
A small percentage of the island (less than 25%) will be earmarked for sale immediately. The part earmarked for sale will be part of the planned downtown district/capital and developers of this land will be allowed to build whatever structures they want and won't have the problem of jumping through hoops like zoning laws.
On a 60 acre island, 15 acres would be marked for sale
The acres on this haven of an island will be sold for 250,000 each so the island would raise 4.5 million and the sale of said acres will help kickstart the massive infrastructure of the island and provide the island with adequate funding.
Once the island is set up, the island will continue to profit from digital activities which will allow it to not have to charge an income tax or corporate tax
Digital activities include the solar powered bitcoin mining operation
We will partner with an existing bitcoin company for this
Solar powered web hosting
People can become citizens for a fee of $10 which will mainly go to the printing of their ID and filing in the government archives but the island will profit a few dollars off of this
If you have made it this far, please join the subreddit for this plan More information to come soon, thank you.
Hi hoogetraps, you're not shadowbanned, but 33 of your most recent 110 comments/submissions were removed (either automatically or by human moderators).
Comments:
gcs599k in PS4 on 19 Nov 20 (1pts):
Can u see this? I have suspicion I’m invisible. My 2 cents I loved ghosts as well but have to vote TLOU2
gcr7pkx in todayilearned on 18 Nov 20 (1pts):
Yet I can’t get my hands on a single one unless I wanna pay some scalper 3 times retail
gcqvkvh in PS4 on 18 Nov 20 (1pts):
I had a late start to PS4. I hadn’t gamed in years, the last console I had was an old 360 that I just used for duty way back when. Last thanksgiving I decided to by a PS4 pro. I was immediately...
gcnj4iv in PS5 on 17 Nov 20 (1pts):
Magic Kingdom Pirates of the Caribbean
gc6duog in assassinscreed on 13 Nov 20 (1pts):
Are you all focusing on a skill tree? Or spreading it out on the different branches?
gbz65f1 in sportsbook on 11 Nov 20 (1pts):
He will be 82 and has said publicly he will not seek 2nd term.
gbusgwm in PS4 on 10 Nov 20 (1pts):
Only 1 hour in but so far so good
gbqawqq in PS4 on 09 Nov 20 (1pts):
Ghosts of Tsushima God of war TLOU2 Spiderman Days Gone Jedi Fallen Order
gb5jze2 in Conservative on 04 Nov 20 (1pts):
I’d like Trump to win as badly as you. But a recount won’t make up 20K margin. Past recounts in Wisconsin are a few hundred votes. 131 in 2016. Wisconsin is gone.
gb4q4ce in Conservative on 04 Nov 20 (1pts):
I want Trump to win as badly as the next guy here but I think everyone needs to cool off in the fraud stuff. We knew last night many Dem strongholds and early vote/mail ins were not accounted for...
gawammf in PS4 on 02 Nov 20 (1pts):
I enjoyed it. Fighting with lightsaber is satisfying. I would go for it.
g98hrgr in PS4 on 18 Oct 20 (1pts):
God of War Uncharted 4 TLOU2
g950oa8 in MMA on 17 Oct 20 (1pts):
Can u see this
g947bed in MMA on 17 Oct 20 (1pts):
KZ by KO/TKO
g91peil in MMA on 16 Oct 20 (1pts):
Weidcan got slept with a light jab
g91p8bx in MMA on 16 Oct 20 (1pts):
I just wanna see Brittany Palmer bby
g8whqde in sportsbook on 15 Oct 20 (1pts):
Berger, Hideki, Niemann, Fowler
g85gkux in sportsbook on 08 Oct 20 (1pts):
Can you see this?
g85gg74 in sportsbook on 08 Oct 20 (1pts):
This is just scared money. If you really need to pay for points it shouldn’t be a play and buying points is expensive, you need to hit a higher percentage more than the likelyhood of the half point...
g85g8he in sportsbook on 08 Oct 20 (1pts):
Bears +4 and Bears ML. Defense gets it done tonight and offense does just enough to get the win. Think the D will be able to shutdown a banged up offense and likely wreak some havoc with turnovers...
g7xr0y9 in politics on 06 Oct 20 (1pts):
Why u censor me?
g7xkwoe in sportsbook on 06 Oct 20 (1pts):
Can u see this post?
g7x5m6j in sportsbook on 06 Oct 20 (1pts):
NRFI is the stupidest bet. I don’t why so many here do it. It’s one of the most likely innings for a run to be scored. You have the best hitters for each team at the plate.
g7x1hyn in sportsbook on 06 Oct 20 (1pts):
Braves ML and Lakers ML for even money.
g7x1efp in sportsbook on 06 Oct 20 (1pts):
Odds are if they win they cover the run line. Less games than you think are decided by 1 run.
g7wg7hr in sportsbook on 06 Oct 20 (1pts):
The Braves were 2nd in the league in both batting average and runs scored. Yeah total ass
g7upi9n in politics on 06 Oct 20 (1pts):
I’m invisible nobody can see my posts. Lol.
g7ufigg in politics on 05 Oct 20 (1pts):
I hope for a speedy recovery
g7uckdd in politics on 05 Oct 20 (1pts):
Spoken like a true liberal.
g7u9gy9 in sportsbook on 05 Oct 20 (1pts):
I’m jealous of you all with legal sports gambling. Pain the ass to get bitcoin exchange. Buy btc, transfer to wallet, then transfer to book, etc. then worry about btc price. Shit is weak.
g7u5k7s in politics on 05 Oct 20 (1pts):
Vote! Trump Pence 2020.
g7tvz2u in politics on 05 Oct 20 (-202pts):
Vote Republican for the sake of our great nation!
g7emvjb in politics on 02 Oct 20 (0pts):
Thoughts and prayers for the President, First Lady, and all those effected by the virus.
The opposite of gambling: Bitcoin as an insurance policy. Two lessons publicly-listed companies and families can learn from MicroStrategy’s 40,824 bitcoin thesis — Antifragile. 1. 0 comments. share. save. 0. Posted by 1 day ago. SIGN UP PLEASE. everybody please sign up for my stake link i need to get people to sign up and wager i go live on twitch u/dev_loco_ would greatly appreciate it To determine whether it is legal to bitcoin gamble in your country, please reference our legality page. Bitcoin Gambling Sites. There are many sites available for bitcoin gambling, each with their own games, bonuses, jackpots and prizes: Bitcoin Casinos: Blackjack with live dealers, roulette, lottery, dice, baccarat, keno and many other exciting games can be found on the many bitcoin casinos Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin Crypto gambling platforms are everything you have come to expect from traditional gambling sites, albeit with an unconventional business model, whereby users use digital assets like bitcoin to gamble. In other words, users get to gamble with crypto as opposed to fiat currencies utilized in conventional gambling sites. Owing to the proliferation of these solutions, it is safe to say that crypto How is Bitcoin gambling done? Online gambling is not legal in the USA. There can’t be any online casinos in this country. However, in many countries, where gambling is legal, online casinos allow the use of Bitcoin. Using Bitcoin in Bitcoin gambling has the advantage that the identity of the gambler is kept anonymous. Many countries are looking at Bitcoin favorably and the UK has already allowed the use of Bitcoin as a digital currency in online casinos. Casinos dealing in Bitcoin have a Recommended Bitcoin Gambling Sites. Here are some of our favorite bitcoin-friendly online gambling sites below. This mix includes every conceivable form of online poker, sports betting, slots, horse racing, and casino games. All of the sites listed below happily accept players from the USA! USA and AU accepted Our #1 pick for poker and casino in US/AU 200% bitcoin casino bonus up to $2,000 So, Is Bitcoin Gambling Legal? Yes… and no. And also- not really, but sort of? The thing about bitcoin gambling isn’t a question of whether or not it’s legal, but instead just the fact that it’s not illegal. What I mean to say here, is that in most places, bitcoin gambling just isn’t legislated upon. So, it’s not illegal, but it’s not expressly legal either. This is one of the attributes that makes gambling with crypto so incredibly enticing to many players. Largely because Is Bitcoin Gambling Legal Reddit, truman poker table, best football gambling strategy, online casino legal in deutschland Is Bitcoin Gambling Legal In The US? Before we get into whether or not you are obliged to pay taxes when you’re engaged in Bitcoin gambling, we will first take a look at the legislation of Bitcoin gambling. The first thing you need to know about the Bitcoin system is that there is not a single specific law in the world that prohibits gambling online using Bitcoin to play table games like While Bitcoin gambling is perfectly legal, some US states prohibit casinos from accepting them. That is why most Bitcoin casinos are located outside of the USA. If you’re worried about the laws of the state you’re in, make sure to check your preferred casino’s terms and conditions and see if your state is on the list.
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