Bitcoin Forum
May 25, 2024, 12:00:41 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 294 »
1  Economy / Economics / Re: Ever dreamt of turning your passion into profit? on: May 24, 2024, 06:21:54 PM
Turning a hobby into a business sounds so fun! But I bet it has its challenges too.  What did you do for fun that you managed to monetize? I wanna hear all about how you went from hobbyist to entrepreneur!

Tell me, what struggles popped up as you worked to turn your passion into a profit? How did you push past them? Got any pro tips you can share to help other hobby lovers try to make it big? I love hearing stories of folks who bet on themselves and won.


I am a diehard game fan. I have been playing online games ever since I was first exposed to a computer and fortunately, I had gotten pretty good at some FPS (first person shooter) games to the point that I have participated in some local tournaments held in my country.

Though the pay may be relatively low, I am still proud that I can turn what I am passionate about into something that can earn me some monetary compensation due to my own skill, techniques, and practice on that game.

While I do think that I am still far at some players that already reached international level, I am quite satisfied with my progress given that I only do this as a hobby and not as my main source of income. Still, however, this kind of opportunity is definitely a blessing that I would forever cherish.
2  Other / Beginners & Help / Re: What to do to get merit reward? on: May 24, 2024, 05:49:38 PM
Hello everyone, I have been here for a few weeks/months now but I'm yet to receive "merit" so I'm just worried, please can someone tell me what I will need to do or how long I will need to be here for before I get merit and other rewards?

Generally, forum members are given a wide latitude of discretion on how they would want to distribute/give their merits to someone. Perfect example here would be your own post as someone merited you for asking this question.

There are no answers that can give you perfect results but here are some guidelines that I have compiled during my journey here in this forum which garnered me some merits:

  • Make your discussions/topics concise and informative;
  • Contribute to the forum (e.g. reporting scams, etc.);
  • Fix your grammar and at least know how to reply to some threads by being relevant;
  • Share interesting posts or facts; and
  • Share some memes on proper boards.

Again like I mentioned, there are tons of ways for you to get merits but I do suggest that instead of focusing on getting merits, prioritize first on learning in this forum. By applying this kind of perspective, you would be able to contribute to the forum that will ultimately garner you some merits along the way.
3  Economy / Gambling discussion / Re: What are the limits and common sense of bet? on: May 24, 2024, 04:02:07 PM
Have you ever made a bet that led to an embarrassing situation or do you know someone who has?

There was actually one time where I was on a winning streak in a physical casino. It really got into my head that I was winning so I was very cocky at that time and announced that I would bet $1,000 in one go. Well long-story short, I lost all the money that I have won that night and I even incurred more expenses along the way since I risked my monthly savings during that time.

Quote
What are the limits of a bet, can a bettor bet something that he is unable to pay? i.g: betting your own life or 10 years' salary? And also without gaining anything in return, since he only bet against and didn't bet anything if that bettor won...

I think the limit in what we can bet is the things that we have.

Obviously, we cannot bet something that we do not own but there may be some instances where you could bet something that is considered "extreme" in the normal sense. The perfect example here would be the infamous "Russian Roulette Game" where people would bet their own lives on a gun.
4  Economy / Gambling discussion / Re: Is gambling bad to the society? on: May 24, 2024, 12:00:04 PM
It really depends on perspective on where you want to look it.

PERSPECTIVE OF THE GAMBLER:
As a general rule, everything that is too much is naturally bad for you. This applies to really anything that exists- hell even too much water can kill you. Now, the problem with gambling stems from its addiction where people fail to see its long term effects. They sacrifice their resources in order to satisfy their gambling urges, which ultimately affects their responsibilities as a whole (e.g. a father spends money on gambling instead of allotting it to the family, etc.).

PERSPECTIVE OF THE GOVERNMENT:
As some of you already know, gambling generates $$$ of revenue that almost all gambling establishments pay a percentage of their earnings as tax. Also, some countries take advantage of gambling establishments since this really generates so much money that the society would benefit in return.

Personally, I humbly submit that the gambler must find that sweet spot of not spending too much while not sacrificing in meeting their obligations to their family or to oneself. Everything that is just too much is truly bad and that will outweigh all its positive effects in the long run.
5  Economy / Trading Discussion / Re: Day trading or Long term on: May 24, 2024, 06:31:40 AM
The major difference between them is that day trading tend to make profit from small market volatility, while hodling make profit from the bigger change in crypto value.
  Day trading involves more techniques, self discipline and rational decision making.
Which do you prefer and think is better


Why not do both? Nothing prevents you from exercising those two (2) options are once. These options are meant to be exercised successively; not that day trading bars you from doing long-term HODLing.

At this stage of our investment, it is definitely recommended that we be smart with our expenses. When we mean "smart", it means that we have to exercise all the possible means in order to maximize every opportunity of profit on our end.

OP I do believe that you have experience on day trading albeit you incur small profits like what you mentioned. Though that may be the case, a profit is still a profit. While you are doing your day trading, you must also maximize and increase your long-term investments for profit at a designated time when you decide to sell those cryptocurrencies.
6  Economy / Gambling discussion / Re: When you are confident with your picks, do you win most of the time? on: May 23, 2024, 03:50:38 PM
So how about you? Have you ever thought of this idea when your picks aren't hitting? I mean, if we keep following how we think and feel with our picks and it doesn't translate to profit, there's no reason to continue following the same strategy. But are we comfortable with betting against our own picks just for the sake of fading ourselves strategy?

I find it ironic that whenever I try to concentrate and focus on my betting strategies, the result of those games is different from what I expected- in fact, it's worse than my bets that were made instantly.

For example, if I try to concentrate on sports-betting where I analyze data from previous games and compare it against the other team, I compile those data and arrive at a decent conclusion in which I rely my bets on. Surprisingly, my results are the otherwise I have anticipated as I lost more than I won by doing this process.

Probably by reflection, I tend to overthink my bets and I also go overboard with my analysis that I somehow overlooked some parts and overestimated most. Though the problem here is with ME and not on the process, I still recommend doing your own research in order to at least have some basis on your bets.
7  Economy / Gambling / Re: BC.Game asking for KYC before letting me Withdraw on: May 22, 2024, 03:14:41 PM
Been playing at BC.Game for over 5 years. Lost THOUSANDS. Have been a VIP, I go on a little run and try to withdraw some money, and they ask for KYC verification. Their website doesnt even let me do it. Wondering if I just got scammed for 10k?? Anyone have any experience with this. Help is appreciated!

Have you ever contacted their customer support for help with your issue? Do they also have a designated thread in this forum? It will definitely help that you exhaust all the possible remedies before resorting to a thread like this.

Anyway, it is stated on their website that BC.Game enables KYC as a "vital process" for the registration to their services, to wit:

Quote
Know Your Customer (KYC) is a vital process that BC.GAME uses to verify the identity of its users. It's a regulatory requirement aimed at preventing identity theft, fraud, money laundering, and other illicit activities.

Have you also visited this ARTICLE to check the possible self-help remedies? I really do think that you should also include all the chat/messages that you had with the CS (assuming that you have it) so we could help you solve your issue.



Link to the quote: https://help.bc.game/en/articles/8098704-a-detailed-guide-to-kyc-verification
8  Economy / Gambling discussion / Re: Lunatic gamblers who says Airdrop rewards are free funds. on: May 22, 2024, 01:56:27 PM
Well, technically airdrops are not free perse though it may look like it is free because cryptocurrency companies send their tokens to a designated wallet. However, in order to be eligible for airdrops, there are certain conditions that are required for a person to do in order to receive it.

One may argue that the amount of effort that they do is negligible; basically, it is something that is somehow "free" but there is always that mutual trade-off where you do the tasks and they reward you with these airdropped tokens.

Lastly, these tokens also are of somewhat low in value. Given that lots of cryptocurrencies are being created weekly, they do these airdrops as a marketing ploy in order to advertise their coins. You sell these coins but you also have to look for a buyer that is willing to purchase it.

In conclusion, airdrops are not free perse. You may receive some tokens but their value is significantly low and it may be quite a challenge for you to sell these coins in order to maximize its value for gambling.
9  Other / Off-topic / Re: Does exercise before and during trading activity help ones chance of good profit on: May 22, 2024, 01:12:12 PM
<..snip..>
The importance of neck strength in Fl drivers serves  both safety and performance reasons, but I want us to imagine and relate this to how the performance and profit statistics would be for a trader who is fit and exercises regularly.

*Does doing regular exercise before and during trading activity help ones chance to make good returns or is it not reason enough to help a trader earn better during trading?

I think there is a misconnection on the comparisons that you made but there is some merit to it.

First, F1 drivers are mandatorily required to undergo these exercises for their safety and strength in case of a potential problem on the track involving any kind of physical stress/damage. That is the reason on why they also have to be in shape (for less weight on the car and more speed) in order to fully utilize the power of their machines.

Second, there can be a correlation between regularly exercising and performing well on a certain activity. For example, if you regularly exercise, your mind and body are in shape- meaning, you have better health and strength which will be beneficial to the person in the long-run. Also, if the person is healthy, there is that possibility that they can make rationalize decisions in trading.

Lastly, being "fit" does not necessarily and absolutely guarantee that you would be able to earn more in the process of trading. Remember, trading is all about the risks and nothing is absolute when it comes to liquidities, etc. Though that may be the case, it can definitely help the person in making good decisions as they can adhere and understand better the market if they are both physically and mentally fit.
10  Economy / Gambling discussion / Re: What need to follow to play the stress free gambling game on: May 21, 2024, 07:21:06 PM
I think I already mentioned this before that regardless of the result in a gambling game, the person would most likely gamble again.

For example, if a gambler wins, the initial reaction would be to try again his luck and to see if he could win the 2nd time; or the 3rd time... and so on. On the other hand, if a person loses a gambling game, the reaction would be to recover the said loss by gambling again!

Not only does this create an endless cycle but there you could see their thought process on how they deal with their winnings or their losses.

To anyone who is struggling to control their addiction, set your own budget for the day. Remember that gambling is just one part of your time everyday- there are lots of things that can be enjoyed and give you the similar feeling of winning without risking any kind of monetary expenses on your part.
11  Economy / Gambling discussion / Re: Gambling and Religion. Beliefs or Choices? on: May 21, 2024, 06:54:41 PM
There are some religions that have strict views on gambling, some considering it morally wrong. However, people still gamble for various reasons.

Have you ever faced any conflicts between your religious beliefs versus gambling? How it happen and how did you handle it?

As a Roman Catholic, I do think that gambling is not strictly prohibited by my religion. The only prohibition that I felt was during the sermons of the priests about over expenditure to the point of neglecting our daily and monthly obligations to our families. Other than that, I have not faced any sort of prohibition or any kind of halting from our religion.

Quote
How do different religions view gambling? What could be the reasons behind it?

There are some religions that strictly implement the prohibition of gambling.

One example here would be the Muslims and their religion. They see gambling as something that is forbidden in their religion1, to wit:

Quote
According to the Quran, Muslims are forbidden to gamble.

Though this may be the case, there are still some muslim countries that have gambling on their country or at least some parts on their world. Obviously, we all know the negative effects of addiction in gambling and on how it could potentially destroy the lives of many if left uncontrolled.



1 https://ggbmagazine.com/article/gambling-in-the-muslim-world/

12  Other / Meta / Re: Should mods make a post to justify why they locked a thread? on: May 21, 2024, 02:37:40 PM
I know sometimes mods lock threads at their own discression, especially at boards where they are a local moderator. At least when s thread gets moved there's some forum notice being posted. But for locking a topic there's nothing to signify it was a moderator action.

I just think it would be a nice courtesy if mods would just add a post before locking a topic to justify why they felt it should be locked. It's good to put this info on the record for future reference. And also from what I understand, since the OP can unlock a topic locked by a mod, a post by the staff member that took the action would prevent misunderstandings.

It depends actually but I guess for due process and fairness, it would be most appreciated if mods would actually message you personally the reason on why your thread got locked.

Similar to our comments when it gets deleted, we receive a personal message (although from a bot) the reason on why it was deleted either to being spam or being out-of-topic on the said discussion. If mods were to at least apply this kind of practice to some locked threads, then it would be again, most appreciated by us.

On the other hand, I would also argue against this especially if the reason for the thread being locked has a patent nullity on its face- meaning it is obvious on why it was locked in the first place. The reasons may include due to:

  • Topic is irrelevant to the board where it was posted;
  • Thread was already answered in a previously-created thread; or
  • The discussion was primarily created as a spam which includes nonsensical replies from the OP.
13  Other / Beginners & Help / Re: Beginning an adventure to learn about Bitcoin on: May 20, 2024, 07:01:17 PM
Please, pardon my questions as they might sound too odd. Asking questions is probably a way to learn fast.

Here are my questions -
As a newbie, should I focus solely on Bitcoin, or should I also acquire basic knowledge of altcoins?

I do recommend that you first focus on learning the fundamentals of BTC as it mostly covers and explains the very foundation of what most altcoins use their source of.

If you have a basic understanding on how BTC works under the blockchain, this could also explain some of the other mechanics that altcoins have copied and improved on the blockchain of BTC. If you start learning the very essence on what makes cryptocurrencies, this could very well be helpful if you plan on learning some altcoins in the future.

Quote
Is Bitcoin gender specific ?(is it meant for a specific gender?)

Let me ask you a question: IS MONEY GENDER SPECIFIC?

To be honest, I am somehow confused with your statement as I honestly think that BTC does not categorize nor associate with any kind of sex/gender.

Investment is for anyone who is willing to risk their resources for a potential return in the future. Bitcoin or cryptocurrencies do not discriminate in its nature- it is open for everyone regardless of what their sex, race, and even age for as long as you understand its very foundation and core.
14  Economy / Gambling discussion / Re: How has big wins and jackpot stories affected your gambling habit? on: May 20, 2024, 06:29:48 PM
Every time I come across stories from various threads showcasing their gambling experience where they hit a big jackpot, I have this hidden pressure where it somehow compels me to try it out and to test my luck. Additionally, whenever I see people wagering huge amounts of money, there is also this feeling of conflict- I think that instead of wagering that amount of money, they could have invested in into other things that can give them a long-term strategic advantage over the others.

I just want to know, How have jackpot stories affected your gambling routine?
Have you ever increased the amount you normally used in betting just because someone you know won big by betting with a greater amount?

There was a time where I was watching some gambling ads and I came across this YouTuber promoting this specific gambling website. He was livestreaming his games and he also admitted that the funds that he received from that gambling website was "sponsored" to him for use.

Of course, he won and tripled his money at the end. It got me thinking whether I should try it out and to personally see it for myself. Long story short, I tried it out and lost $50 that night.

To conclude, it really depends on how you view it. Some people may find it inspiring while others may feel conflicted and scared of risking that amount of money for a potentially life-changing jackpot.
15  Economy / Gambling discussion / Re: Os boxing the worst sport to get on? on: May 20, 2024, 05:59:19 PM
I do believe that every sport has their respective indoor schemes and corruption happening behind the scenes.

Remember what happened to NBA where the Toronto Raptors player named Jontay Porter was banned for life by the NBA for alleged game-fixing and disclosing of confidential information to gamblers? According to this ARTICLE1, he disclosed the health information of his own teammates to betters and he even betted against his own team.

Quote
Jontay Porter of the Toronto Raptors was banned for passing confidential information to bettors, match fixing and betting on NBA games, the league announced on Wednesday.
Suspicious incidents included Porter claiming illness or disclosing his health information to bettors who then laid wagers on him to underperform.

Like what I mentioned, every sport has corruption and to combat this, the national sports federation of each country must take proactive steps in order to maintain the honesty and integrity of such sport. While this may be difficult to remedy in the grand scheme of things, I just hope that it will be fixed anytime soon.


1 https://sports.yahoo.com/nba-bans-player-gambling-violations-163018068.html
16  Economy / Gambling discussion / Re: [CHESS] FIDE Candidates Chess Tournament 2024 on: May 19, 2024, 02:39:48 AM
There are actually lots of tournaments being held and let us discuss the most recent tournament in which it sparked lots of debates:

Huge congratulations for Alireza Firouzja for winning the Champions Chess Tour 20241 beating Magnus Carlsen on two (2) sets on the Grand Final! I really thought Magnus would take home the bacon especially on the first set where he was one (1) move from winning the game. Unfortunately, he blundered a move and it costed him the game which resulted to Alireza reseting the whole match. After the first match, Alireza was also able to win ultimately winning him the tournament.





Another tournament is the 2024 Casablanca Chess Day.2 During the first day, Magnus was able to defeat both Hikaru Nakamura and the legendary Viswanathan Anand and ended with a score of 2.5/3. I do think Magnus will continue to be this consistent as he will be hungry for revenge for his defeat on his last tournament!




1 https://www.chess.com/news/view/2024-cct-chesscom-classic-day-8-firouzja-wins
2 https://www.chess.com/news/view/2024-casablanca-chess-day-1
17  Local / Pilipinas / Re: AI Kayang mag predict ng potential price ni bitcoin sa hinaharap? on: May 18, 2024, 03:59:34 PM
I think hindi tayo dapat mag completely rely on AI para ito yung magiging sole condition natin to follow yung kanilang prediction. Remember, these AI tools only compile all the written information that has been written and compiled by people in the first place.

Like yung na-suggest ko before, AI prediction websites should be used as a TOOL and not as a main material in determining kung ano ba dapat yung mga cryptocurrencies na tataas or bababa sa presyo. If nag rely tayo sa kanila completely, there will always be some sort of error to the point na baka very avoidable sana.

Sure, maganda ang AI and yung mga nagagawa nito kasi sobrang convenient ang ginagawa nila for us. Pero we should only use this talaga as a tool lang and not the main material. Own research and information will always be superior to that of the findings of an AI and we should not completely rely on the latter solely for our decision in which crypto to invest in.
18  Other / Off-topic / Re: Floyd Mayweather detained in Dubai due to gambling debts? on: May 18, 2024, 03:30:38 PM
Hmm this would be all over the internet is this were to be true given that Floyd has lots of money due to his winnings and sponsorships. Though that may be the case, a millionaire can quickly lose their money especially if they burn high rates at a given casino.

I do find it weird that for a country that expressly prohibits gambling, there seems to be a gambling establishment on that country itself. I find that really sketchy given that their religion expressly prohibits gambling and they are very stringent with its application, implementation, and execution.

With all that being said, I do think that this rumour is false given the conflicting facts and nature. Though there is still that possibility that it may be true, I still think otherwise that this is one of those seemingly impossible situations to happen.
19  Other / Beginners & Help / Re: How active can a newbie be daily? on: May 18, 2024, 02:48:45 PM
My question is what does it mean to be active on the forum,
How many quality Posts can someone make daily before he or she can be considered active on this forum, sorry I ask a lot of questions so u can learn too.

This actually depends because remember, the quality of posts does not equate to the quantity of the posts that he/she creates.

There are lots of newbies who have hundreds to thousands of posts made but the quality of their posts never improved in the first place. Instead of using your time on making posts, take the advantage of using your time to learn, read, and watch guides regarding the fundamentals of BTC.
 
Again, there can never be a specific time on which a newbie should be active daily but if you want to increase your rank, then there is that high-degree of responsibility on your part to equip yourself with sufficient knowledge to make quality posts.

Spend as much time as you can on this forum instead of wasting your time on online useless. Do your own research on crypto, always research cryptocurrency and read all these forum rules carefully. The more you read the more knowledge you gain and you can increase your rank by earning merit through good posts.

I agree with your reply.

Again let me reiterate, there is no number of posts that must be needed in order for a person to be considered in making "quality" posts. Read and learn to engage with the crowd whenever you reply. Do not mindlessly comment and go out of topic whenever you reply or quote a certain reply.
20  Bitcoin / Bitcoin Discussion / Re: Crypto as job salary - Yay or Nay? on: May 18, 2024, 01:51:09 PM
Let's say you have a job that gives you the option to have your salary paid in BTC, ETC, or any other cryptocurrency, would you prefer that or would you rather still be paid in fiat? If you'd prefer crypto payment, which currency would you choose and why?

This would be your hard-earned money that can either grow on its own or shrink in value within a small time.

I think I would exercise the option of having 50% of my salary as crypto and the other 50% as fiat.

The good thing on having part of your salary as BTC/crypto is that it gives you the convenience of already having it as a part of your salary. Not to mention, if you are a person who is investment-oriented to the point that you want to maximize your investment portfolio, having this kind of salary set-up may be beneficial to you.

I would not exercise the option of having it 100% fully as cryptocurrency since there are still obligations that must be paid daily/monthly. Having to convert it to fiat may be inconvenient especially that fiat is still the main currency being used around the world.

In which ever asset that my salary is paid, I will accept so far as I can do with the money what ever I please. If am paid in fiat and I wish to invest in Bitcoin I will buy any percentage I please using my salary that was paid in fiat. If am paid in Bitcoin I can do with it what ever I please.

At the end of the day, it really depends on the purpose.

Though that may be the case, I personally see it as an inconvenience if you receive your salary 100% as cryptocurrencies given that majority of the transactions that are being used are still made in fiat.
Pages: [1] 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 ... 294 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!