General Betting
There is currently 1 person viewing this thread.
These 55 comments are related to the topic:
You have never heard of the three best bookmakers in the world
You have never heard of the three best bookmakers in the world
sort by:
Show
per page
Replies: 55
|
By:
Gold is still very sought after in 2013
http://www.youtube.com/watch?v=JUs7iG1mNjI |
|
By:
While it is true governments can't end bit coin they can declare it illegal, which would basically end it if you could never cash it out. This has already been done when the Thai governmant declared them illegal. They can also be regulated like China did last week. Generally though, governments the world over have debated them, and with considerable promise. It does seem to be the case that economists and people in the financial world seem to be the ones who have the poorest understanding of them. They look to existing theories to find a peg to hang them on which is why we get all this tulip and bubble stuff. The problem is an existing peg does not exist, one needs a paradigm shift in thinking to understand what is going on.
|
|
By:
Getafix if someone is in debt, then someone else is in credit. That Forbes article completely fails to answer that fundamental principle that the media NEVER addresses. The credit is held by financial institutions. Their argument seems to be that the wealthy (who one assumes hold the credit, with their investments in the financial institutions) can only finance 1% of the debt. It's utter drivel.
|
|
By:
>Getafix if someone is in debt, then someone else is in credit
That would be true in a zero-sum world, however because everything is bet on margins and obligations are not met (i.e., defaults) this idea of someone in credit/the other in debt does not work. Have a look at the world debt calculator: http://www.economist.com/content/global_debt_clock The unfair printing of money benefits those closest to its issuance i.e., the bankers and thus the stock markets bubbles everywhere (rather than filtering to the people where it is needed). It simply dilutes existing wealth. |
|
By:
My argument above is weak wrt zero-sum without explaining more complexities, esp since that global debt clock only shows public debt. I'll see if I can try and find something to explain properly what I am getting at... regardless, the whole banking system is like a huge casino, you aren't bothered so much about losing when it's not your money you are betting with (and there are no repercussions).
|
|
By:
From what I have read so far, it does appear that derivatives are zero sum, against what I had originally thought. I am happy to admit being wrong, it is complicated in the loss of value and the also subjective value esp wrt toxic assets etc. The worry really is if the derivative bets were all rolled out, who would be the ultimate beneficiaries and ultimate losers? Who has the right to put nations under so much risk?
>Their argument seems to be that the wealthy (who one assumes hold the credit, with their investments in the financial institutions) can only finance 1% of the debt. I think you misunderstood the article, he was saying that if all the money of the ultra wealthy (the top 1%) of the worlds population was expropriated, it still would not be enough to cover the governments costs. Basically he was saying everyone would be affected. |
|
By:
You'd want to see a credit clock too imo. A debt clock without a corresponding credit clock is meaningless and regardless it is important for the general public to understand that there is a credit for every debit and who is in credit. We all know who is in debt, but we are blinded to who is in credit. Those in credit as a group need to spend and this needs to be higlighted in public consciousness. Rather than bang on about the amount of debt, the press should be banging on about the relationship between the debt and credit. The IMF is right to consider arbitary global wealth attacks if the relationship between those in debt and credit is unsustainable. That it has at least considered it should be a no brainer.
The Forbes article is bunkum fueled by self interest i.e. "don't you dare take any of our wealth, we haven't got enough and it won't work" The truth is no one knows what is the best policy economically or where the economy is heading. The greatest economists for years have been getting it wrong. |
|
By:
I see Bitcoins down 25% today on news that China is banning Yuan based deposits..
|
|
By:
and a bit more ......
|
|
By:
I just don't understand why it's dropped so much. I was told that the Governments couldn't do anything to stop bitcoin. Surely everyone knows this and so it's share price should remain completely unaffected.
"Hello it's betfair here, you know you had £1000 in your account. We've decided to take £500 so you've only got £500 now." Best 3 bookmakers in the world my ring piece. |
|
By:
i'm starting berk coin, theres ten million of them, initial price £1 each, just send me the money and you'll receive an email confirming you are the owner of berkcoins. what could be a better investment than that.
trust me. |
|
By:
Nice try uncle nasty, mine are called Mugcoins and there are only 1 million of them, so they are obviously worth loads more than yours. Send me the cash instead.
They are obviously as safe as houses because I've typed out a Word document that says so. |
|
By:
ah but for the publics added security, i'll be using a forever changing ip address. so no one will know where your money is. so it can't be stolen. how safe is that
|
|
By:
Never heard of those bookmakers other than on xnada's referral site I doubt I'll ever hear about them again
 At the moment the only people I see bigging up bitcoin are people holding coins, seems more of a speculators currency than anything else to be honest, can't see it catching on soon as you pretty much need a degree in computing to understand the underlying mechanics and that certainly isn't your average Joe Bloggs. With a market cap at 21 million Bitcoins it's hard to see it amounting to much more than a proof of concept ideology at the moment, yes I'm aware we can go to thousands of decimal points but hard to see a world economy running on it especially as plenty of other cryptocurrencies have already sprouted up and learned from any mistakes Bitcoin have made. I guess one day we'll see cryptocurrenies in every day use but I'd be very surprised if it's Bitcoin. |
|
By:
if the 21million quid never actually existed.......
|
|
By:
best thing that can happen to a very speculative investment is big majority of average joe's rejecting it initially
|