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July 04, 2024, 05:18:38 PM *
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1  Economy / Economics / Re: acquiring many properties in the name of owning an asset on: Today at 01:40:30 PM

                     My question is that is it advisable to own too many properties that are unproductive with the expectations that they would stand as aids to us in the future or should we just own few assets and make sure they are of the best standards and are generating money for us regularly?
Never say it wrong as it is an absolutely right decision made especially when you feel no confidence in saving your money in the bank. We can't say it is not productive because once it is an asset, the value will grow from time to time. Buying land, joining real estate investment, etc., we can't feel the instant profit from them but after a few years, it is certain that we are multiplying our money. Perhaps, that is what we call investment, we harvest results after several years pass, and if we have multiple sources of income, we don't mind if these properties or assets will give us a small ROI. This is how rich people make millions and in their mind is to make more money. Normal people sometimes think that they are greedy but for me, they don't want to lose opportunities that is why even they already have a lot, they still acquiring more.
2  Economy / Trading Discussion / Re: Please beware of FAKE Crypto Exchanges on: Today at 12:21:10 PM
We have received feedback from our users about a fake cryptocurrency exchange using the CoinCarp logo and a very similar domain name (coincarpep.com).Don't fall for a scam.https://www.coincarp.com/announcement/please-beware-of-fake-crypto-exchanges/


Scammers really don't get tired of scamming people...
But, the good thing is that people have already gained knowledge from their previous experience and the experience of others making them now cautious in dealing with new exchanges. And we are very thankful that this forum helps to spread scam awareness and saves beginners from not falling into their trap.

This is to teach us that research is necessary in order not to be fooled by huge profit promises because this is a genuine scamming strategy and we are old enough to become a victim.
3  Economy / Gambling discussion / Re: The benefits of Gambling on: Today at 11:54:34 AM
But it will greater if he gets the money from other sources so he doesn't have a risks of losing the money. He can't always lucky when playing gambling and that means he can lose his money if he still insist to make money from gambling.

The benefits of gambling is only gives the fun things and if that is end, we must quit gambling and leave the casino before it's too late. Although we can wins the games, we must remember that winning the money in gambling is difficult and that can gives more problem to us. We can gets addicted to gambling without we realizes and that will makes us lose much money. If we can be wise treating gambling, we will not gets any problem and we can enjoy our spare time to playing gambling moderately. That is our reason to use gambling as one fun activity in our spare time.

just as you said that gambling as help pay your school fees before back then , that is how alot of people has also lose their school fee through gambling, what am trying to say is that luck varies it doesnt, just come all the time because you might win today it ddoesnt mean you going to win tomorrow it all comes back to luck, and anything that deals especially as means of earning should be handled wisely, if not you may only endup regretting your actions. and i wont Dinny the fact that gambling have alot of persons lives, that is why most kept on going into it with the aim of wanting to hit the jackpot.
Honestly, it was difficult to speak from the bad experience of some gamblers because we don't know what is their issue and gambling strategy. But what @ethereumhunter tried to say is that we make money in gambling. Of course, we can't be lucky all the time but it doesn't mean we have a terrible gambling experience always. If other gamblers are winning, it is right to blame winners for the cause of their losses? I don't think that is the right saying we tried to impose. Maybe they are just unlucky today but might not be tomorrow. If we are into gambling for just having fun, I don't think it weighs a lot on us. In fact, it was acceptable in the first place knowing that this is gambling unless we never know what is this all about.
4  Economy / Gambling discussion / Re: Online casino gambling is more of profit chasers while land base is more of fun on: Today at 10:32:06 AM

Yes, but we also cannot make confidence as a guarantee or benchmark for victory, in the end, if you are unlucky then you will lose even though you really believe in the decisions you have made.

Yes of course, the fact that we are in a casino that is trustworthy does not mean that we are going to win, no, the guarantee that being in a casino that is trustworthy gives is that we will not be in danger of being scammed on our deposit or that the money we have won can be withdrawn, that is the guarantee and for me that is essential, because it has happened to me that I have despotted on some sites that in the end turn out to be scam and the outcome is very unpleasant, then for me it is very important to have the guarantee of playing on a site that will not steal from us, playing calmly is priceless.

Why we chose these casinos because we are looking for fund security. Whether it was online or offline casinos, none of them ensured winning. If we are lucky, then we could win but if not, then I don't think we need to blame them and say they are scammers unless it was proven right. But in the point that we are gambling, we have to stop thinking about winning and just enjoy the moment rather than chasing it. It was not the casino that decided if we would win or lose but just the time when luck came to us.

As gamblers, we don't just use the casino because we believe we can win a lot from this, it never exists in reality. Instead, use the casino where they can give us a good gambling experience. That is a big win already for us...
5  Economy / Trading Discussion / Re: Why do traders lose money in trading? on: Today at 09:28:47 AM
a beginner in trading is like a small child who still has to crawl slowly, has to try slowly so as not to fall and really needs someone to supervise so that no mistakes happen, for this reason it is very important to prepare yourself very thoroughly before starting trading, don't until we end up making a loss when trading instead of making a profit.
There are lots of online and offline training (paid or free) that can be used as a guide to get good knowledge and skills in trading, but you have to remember to continue joining a community so that losses can be minimized as low as possible.

There is no harm in getting online and offline trainings or joining a community but the final decision must come from your own mind. There are traders who loss money just because they sign up to different signal group and follow there directions. This practise must be avoided because you are not using your own trading skills. On the other hand if you make decisions from your own mind, you are actually training yourself for future even if monetary are not positive at the moment. This is how traders become successful in the long run.
Joining a community affects your mindset, they will influence and drag you to nowhere, especially when joining signal groups. Which, I believe that doing it alone or having your friend learn together remains a good idea. In fact, these signal groups have nothing to do with their life but to attract new traders and milk them. Just to imagine putting our money into scammers, we couldn't really expect positive results from it aside from wasting our time.
More traders lose money because of,
  - trusting scammers
  - behavior
  - emotions

But above all, we could also think that trading is not for everyone. It might happen that we are one of those who are not destined to become traders that is why no matter how hard we try, we still never improve.
6  Bitcoin / Bitcoin Discussion / Re: Bitcoin for your children & future wealth distribution on: July 03, 2024, 11:44:32 PM
@OP, what I did is to feed them some crypto information and give them some examples to make everything clear to them. But as to expect, in their young minds, it couldn't be put in their mind due to lack of concentration and focus. Maybe, constant teaching helps them understand fully and it will keep in their mind.  But on the side, it didn't mean that if we are in the crypto space, we can't expect our kids to also take this, which still depends on their wants.

That is why I also think I sell all my crypto assets in the future and let my kids decide what they do with their money. Of course, I'll be happy if they continue investing in crypto but I should choose for them to start at the beginning like we did before.
7  Economy / Gambling discussion / Re: Concerns grow over online gambling among teens on: July 03, 2024, 01:26:17 PM
Yeah.
I think these days technology is advanced more that other years back. So presently, all smartphones have a feature called parental guide, this feature helps parents to control their childrens phone 100%. This is a nice feature that helps all parents to protect their child from online gamble and other online activities that makes children and teenagers not concentrate on other important activities. A teenager who understands computers so well can easily clear up their browser history anytime they are done with what they are doing. A teenager who's engaging on gamble both online and offline line doesn't know the dangers in front. As a teenager, you don't work and unless the person is a street hustler, gamble is a thing that a matured minded person should do because there might be a loss that a teenager will have an will not be okay with it because he's not matured enough to handle gamble losses.
The first point is that parents must educate them about the dangers of gambling in their teens and the impact it has on those who will lose everything from educational knowledge and other things that are detrimental to themselves. This explanation must be explained firmly to children so that they must instill in themselves an attitude of vigilance and avoid gambling.
Educating them is not good enough, they will still become a victim of the sweet promises made by these influencers. Social media has been a medium to widespread gambling online exposures which also have a huge impact on young people to get involved. Their parents could help them but stopping them is quite a big challenge especially when their friends are already addicted to it.
For me, it is the social media platform to act firmly and regulate gambling posts.

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However, I am worried that when teenagers use gadgets nowadays, they can access whatever they want and there are lots of online advertisements about gambling, so parents must monitor browser access history by synchronizing the history to an email managed by parents.
You said it right. All these things can't be resolved by their parents and in school programs. The government will also take action and these social media platforms help to guide viewers if possible. Importantly, casino owners must choose the right tool to advertise their products and services that won't harm young minds.
8  Economy / Economics / Re: True wealth comes from income when you sleeping but earning on: July 03, 2024, 12:18:57 PM
I comprehend your composition of text very well but the thing is that every person have it own ways of investment strategies because probably you must not invest your money when you have not investigate properly or find out the advantages and the disadvantages of what you are about to embark on so they essence of investment is to multiply whatever you have to neither double or Triple so that is the objective of anyone who is interested into investments,
And from my view there is some persons who does not like to risk their money through investment kind of strategies they preferred to be spending their money according to what they wish to purchase or have so I'm  seeing it in that dimension
Well, most of us think that living our comfort soon is a precise thing to do but not knowing that getting out of our comfort gives us more in the future.
Those people who make a lot of sacrifices and spend their money wisely make more savings and investments while those who just do the job, receive their monthly salary, and spend it all are left empty and broke.

Wise people commit loans for investment purposes and even work more than 8 hours. But those who are struggling their life to survive take loans to pay other loans and they have ample time to relax than working.

It is good to think about having multiple streams of income and gain financial stability, I could imagine living peacefully.
9  Economy / Gambling discussion / Re: Will you put money together with friends to bet on sports games? on: July 03, 2024, 10:40:14 AM
~snip
What's the point of group betting? In the end, you get your share, so, just bet alone and you'll still get your share. Group betting might be beneficial if you don't want to open a casino account on your name and your friend has it and is willing to accept bet on your behalf or if he has a VIP account and get some premium benefits.

it is probably not because they are afraid to open an account but what if there is one (or two) of the group had already an account? They can use it instead rather than creating which only takes time to do it. Besides, this is not with the intent of gambling seriously but just making fun with friends.
Betting together with friends is a fun thing in gambling. Win or lose, everyone is happy, and no blaming has been made.

This is better than doing it alone to avoid addiction. Honestly, I take this idea to expose ourselves to gambling especially when we are just new and learning from it. Being together helps create new ideas and gambling discoveries, and the more it helps to deep understanding as everyone takes the learning benefits from it.
10  Bitcoin / Bitcoin Discussion / Re: Regulating Bitcoin: Necessary Protection or Stifling Innovation? on: July 03, 2024, 08:24:10 AM

Some points to consider:

- How can regulation balance consumer protection with innovation and growth?
- Will overly restrictive regulations drive innovation offshore?
- Can self-regulation and industry standards suffice, or is government oversight necessary?

Share your thoughts and let's explore the implications of Bitcoin regulation!"

there are some strong arguments why the majority of crypto/bitcoin holders don't agree with regulation...
 - to keep the value of privacy
 - freedom, decentralization
Besides, we don't need strict regulation but what we need is support from the government to legalize bitcoin in order to grow adoption.

But for some reason also why the government pushed to have strict regulations...
 - due to increasing scams, fraud, and money laundering - innocent people lose their money at the hands of scammers.

Both parties have their positive and negative insights about this but for me, it is better to stay the way it is - decentralized. Bitcoin has gained popularity because if this feature changes it will have an absolute impact which I believe we don't want it to happen.
11  Economy / Trading Discussion / Re: Failed DCA Strategy When Buying Bitcoin on: July 03, 2024, 07:38:24 AM
I can't believe some of the nonsense I read on this forum sometimes. Makes me want to murder most of you.

Failed DCA strategy? DCA doesn't fail. If it fails, it's not DCA.

How can you get something so simple like DCA wrong? Buy, all the time, any time, don't even look at price. That's impossible to fail.
It is the person who is quite obvious that there is a problem, not the strategy itself.
Some traders say they are doing copy trading from known platforms or successful traders but they still question why they lose. It is certain that it all depends on the trader who does the difficult task and we can't ensure that we all have the same emotions and decision-making which could lead to different results.

Those who claim that DCA is not effective are those people who never know what is the right approach. If they jump into this without knowledge, there is no way to expect good results but certainly, it gonna be losses and frustration.

If this works for some people, this also possibly doesn't work on others.
12  Economy / Gambling discussion / Re: The benefits of Gambling on: July 02, 2024, 10:55:17 PM
That it's beneficial to you doesn't mean it's good.. most people have lost hard-earned funds, commercial buildings, residential buildings, hectares of land and many more of lives & properties, ruining everything and lowering them to nothing, just for making a decision to begin gamble. Well, I mean it's not one's fault that they refuse to learn from previous experiences but, it is what it is....

The only reason why it's still approved in so many countries today is that nobody is compelled to gamble; you can always have a choice and avoid something that wants to swallow you up. The benefits are definitely not one-sided anyway.
But we can't blame the casino for this or the fault of the owner, they decided to gamble. In fact, they have not been told to sell their properties and they are not forced to gamble. That is why gambling is allowed to operate and is legal in some countries because it does not harm the people. If these gamblers acted responsibly, they would never have a miserable life unfortunately, they chose the wrong way and that is what happened to them.

If we listen to the gamblers, most of them will say that gambling is not good. But if we listen to the government side, workers, and casino owners, they will be thankful for this opportunity. Anyway, if there are positive contributions of gambling in the community, there are also negative ones.
13  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: July 02, 2024, 12:42:07 PM
If you ask me, I am already disciplined about it, but talking about addicted gamblers, bankroll management is something they would hate to do because it drops their chances of playing more and more. The more they restrict their habits the more aggressive them become.

Most gamblers dont even have the idea that risk and bankroll need to be managed properly in order to be able to continue a stable gambling spree and not bust at the start.
I agree, most gamblers gamble like no other day. They don't stop gambling if they still know they have money in their wallet. If they don't have the funds, they borrow from other people. Lack of discipline is a common problem that most gamblers have and they will end up emptied. The worst thing is committing illegal activities just to have money to fund their gambling addiction. 
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Now if someone starts it today, it might be that they become more disciplined and eventually stop gambling because the losses become much more evident and laid out in front of them.
I'm looking forward to seeing this new generation will take a look and see how important is this. Besides, it was not just for our gambling life but also, it can be applied to our daily expenses.

Discipline is not difficult to learn especially if we have the reason to why doing this. But we have a lot of excuses why we can't, that is somewhat impossible.
14  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: July 02, 2024, 11:53:27 AM

Gambling is just fun and entertainment so they must treat gambling like that and will not trying to achieve something from gambling. If they can't understand that, they will only gets deeper in gambling without they realizes and have a will to gets out from gambling to search or achieve something from other things. Even when they wins, they will not understand that their winning is not happens many times but they will lose their money, especially if they decide to chase more winning.
Perhaps, that is easy to understand, unfortunately, most gamblers tend not to understand that is why they are still acting like irresponsible gamblers who instead, can make it right. We never expect such "achievement " because, in the first place, they don't even know what gambling is all about.

If a gambler thinks always about winning, the more they incur losses.
Luck never comes too easily, so before we win and become lucky, we suffer losses first. I could not imagine what happened to us when we kept on gambling but still unlucky. Disappointment is really what we feel. That is why, we don't get too attached to our gambling habit, it should be on some limitations.
15  Bitcoin / Bitcoin Discussion / Re: Bitcoin or Gold on: July 01, 2024, 05:58:40 PM
Guys I dont know what to do, should I invest in Gold or Bitcoin. Gold is more stable I know. But the bitcoin development is crazyy, imagine if you have bought it before 20 years... Grin
Invest in bitcoin first because it yield profits faster and bigger than what is gold is capable. When you earned massive amount of profits, slowly diversify your investment and invest into gold as well. In due time, both will give you decent amount of profits. Just buy and hold, because the longer you hold them, the bigger the potential profits you will reap in the end. In the end, you will not only own bitcoin and gold, but even some other potential assets as well.
16  Other / Meta / Re: Advantages of Bitcointalk over social media on: July 01, 2024, 05:36:44 PM
What are like more about bitcointalk forum when compared to other social media platforms is that it is a place to clear any misinformation and disinformation. Whenever I read about some crypto news, I usually come back here to fact check. I check the accuracy from the comments of most users which helps me to identify what information is a false narrative, a conspiracy theory, or the real information. I do not even need any other source to verify any information because the users here would have verified the credibility of the information sources.
That’s one thing why I keep coming back to this forum, the authenticity is present and everyone that engaged comes up with their own personal experiences to justify their comments or explanation. Unlike in social media, we got confused with different ideas that come out with no solid proofs to support their discussion, and you can tell that majority are not genuine posts, something that we always encounter in the forum, all comes with originality and genuine posts.
17  Economy / Economics / Re: Not enough debt on: July 01, 2024, 04:59:06 PM
A lot of countries have a hard time paying what they currently owe and you're still saying that there's not enough debt? Make that make sense because the only thing that would really benefit from debt are those bankers that are controlling who's going to get the debt and who's not going to get it, that's just how it is with debt, even if it does make sense that debt will help your economy, if the debt isn't distributed properly or efficiently, the debt will just become a burden to the people of that country and most of the time, they're probably not going to see the benefit of that debt.
Well said. It’s not on the debt that our own economy will improve, but it’s on how we utilize those debts and turn them into things that will generate profits. Debt is bad, but if you use it for a positive cause, bad debt turns into good and beneficial debt.

The world is now crazy about debts and there’s a lot of it that some turns into being mismanaged, leaving the citizens suffering the most due to corrupt and irresponsible government officials that are only after with their personal interest and gains, not prioritizing the people that put them in their respective positions.
18  Economy / Speculation / Re: Is it time to buy the dip in Bitcoin as it drops to $64,000? on: July 01, 2024, 04:34:57 PM
Whoever that blogger you're following and able to read his analysis, then he's right and Bitcoin fell and reached the price that he's mentioned. Now, if you're waiting for that dip and want to buy then you should have bought already while it is staying on $61k.

This is the time to get aggressive in buying the dip because bitcoin price still down for now .
I'd agree but the problem is always about when someone wants to buy but then, it cannot be because the timing is imperfect and no money can be used for that. But to those that can, you're right about it that they need to be aggressively buying.
No problem wit being aggressive as long as you have sufficient amount of funds ready to buy, but if you are having a tight budget, then buying even a small amount marks a good start, just follow DCA regularly regardless its amount. Bitcoin price is really impressive at the moment, lucky are those who came to prepare for this and now they can maximize their accumulation of bitcoin, and increase their potential profits in the future.
19  Bitcoin / Bitcoin Discussion / Re: biggest criticism of Bitcoin on: July 01, 2024, 01:59:27 PM
Whenever I get to talk about bitcoin with my peers, they always ask me if that would be sustainable like other assets or investments. So as a bitcoin investor, I want to tell them that it’s legit and reliable, but I don’t think it’s highly sustainable compared to gold or even other physical properties. Bitcoin is still very unpredictable, and its future is undeniably uncertain. But if the demand and promotion continue and its global adoption will be achieved, not only bitcoin as an investment will be completely sustainable but most particularly, bitcoin as a currency as well will be now taking its spotlight.
20  Economy / Speculation / Re: In July do we go bull and pass 75k? on: July 01, 2024, 01:38:40 PM
I voted for "Yes".

This could be the start of what we are all waiting, maybe it's the seasons of the bulls already, and it's the time that there are going to be huge money in the market. So I'm very positive about this month, perhaps miners might have capitulate already and they have sold to keep their mining business operational.

So it's about time for them though to start accumulating again and so are the average joe and institutions to start buying.
Personally, I’m not really optimistic that this will be be achieved by July, but who knows if bitcoin surprise us once again. We all know that bitcoin could instantly jump 2x or even 3x from its current price, so the said prediction might still be highly possible. However, regardless if it’s a yes or no, or maybe, the most crucial thing we need to focus is to keep on DCAing. I guess there’s no stopping for that, even if bitcoin price will reach its new all time high, it’s still a wise idea to DCA regularly in order to prepare for another future profits. We need to think for long term as always, not only at the present.
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