Bitcoin Forum
July 04, 2024, 07:20:56 PM *
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 52 53 54 55 56 ... 649 »
101  Economy / Gambling discussion / Re: Gambling/betting shops vs Investment banks - Do you believe this guy's opinion? on: June 21, 2024, 11:37:29 PM
There is a street that I know called bank road. It is called bank road because almost all the banks in the town are there, although they can have beaches elsewhere also in the same town. You will see betting agent shops there in bank road. You will see betting sites sign boards there also, and also betting agents are there and also in the nearby streets and almost everywhere.

In Nigeria, betting agents are everywhere in the Southern part which are not like some parts in Northern parts which are full of Muslims. Even I saw betting agent shops in Fulani (Muslims) states in North but not as common as in the South.

What he said is true but the part that you asked of about what you said is wrong. There are rich men that are even gambling online.
In general, gambling is all about for interested people, regardless of their social status. Both poor and rich are exposed to gambling, but the advantage is always on the rich people since they have all the means to gamble more and make more money despite of their losses.

Now, talking about investments, know that not all people who risk to invest are not coming from rich positions, but some are those who are actually poor who work hard to make their investments work out and prosper. Investment is not just about money, but it's more on the mindset and positivity of a person, and how he silently work on it patiently in order to achieve success.
102  Economy / Gambling discussion / Re: Does mathematical calculations really work in lotto or is it just guess work? on: June 21, 2024, 10:58:38 PM
Calculations cannot help in the game of luck. You can try to get the probability of winning and how many games you will need to lay in a single round to give yourself a higher chance of winning, but you still need to put in millions to even begin to barely swing the odds in your favor.

Sentiments like this is the hope that keeps people playing such games. It builds expectation with each round and when they are unsuccessful they begin to plan for the next.

- Jay -
Mathematical calculations won't work anymore in gambling. Otherwise, majority would end up winning the jackpot most especially for those who are math wizards. However, gambling do not work that way. It's a game of chance and luck, if you don't have that, you will never be in profits.

 Now for those who believe that mathematical calculations will be a great help, maybe the idea is also supported by casinos so that people who keep on losing will find some hopes that once their calculations hit it, they will have all the chances to make big winnings.
103  Economy / Gambling discussion / Re: Avoid Miscalculated Risks In Gambling. on: June 21, 2024, 10:36:42 PM
<snip>but what baffles me is seeing experts taking unnecessary risk like betting heavily on risky odds,
I've never heard "expert" being used in gambling. If you consider someone to be an expert, then you should assume they know what they are doing and should eve be taking notes from then and applying that with amounts you can afford to lose not what they staked.

Gamble responsibly.
You know, if there are possible experts in gambling, then they will never experience losses at some point. As much as there are gambling professionals, but they are still prone to some losses which is inevitable in gambling. Gambling is all about luck and being responsible in gambling, otherwise if you are seeing gambling the opposite way, you will never gain profits but will surely end up with consistent losses.
104  Economy / Gambling discussion / Re: Gambling winnings should NOT be taxed on: June 21, 2024, 09:26:48 PM
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
I think it makes sense that casinos or other gambling platforms are taxed because they are running a business, but gambling winnings are not really an income because it is not a job.

besides most gamblers gamble secretly anyway so why would they want to file it on their tax fees.
If you are gambling in grey areas, obviously even if you won a huge amount, taxing is never their thing. But if you gamble on big and reputable casinos, and you are making big winnings, expect that your winning funds will be immediately lessen since tax is applied, but small winnings are not actually required to be taxed, only those who have exceeded the target amount.

However, when it comes to casinos and all gambling platforms, even if they don't earn enough revenues at that month, paying tax is a must, or else their operation will be immediately stopped.
105  Economy / Trading Discussion / Re: Meme coins so how you trade them to make constant profits ? on: June 21, 2024, 02:54:58 PM
Meme what's your methods?
How much you make daily ? Weekly? Profit ?
I was looking into I bought them in Dexscreener when they launched early and still nothing moves but Everybody talking about 1000x gains or 10000x where ? So i did invested small money into to try to trade them because i tought why not If i can turn 1$ into 100$ in one day...but most of profit i was managed to make was 2x times only.
So it's high risk high reward game it means the 2-5x return will be not enough because i will only invest small money in this the point of memes should give higher profit.
So what i possible do wrong and what is the issue that meme coins do what we been told.
Indeed, meme has profit potential but that doesn't mean all of them are worth investing in because many of them are totally nothing. So you must focus your attention on the selection and consider a higher potential project, not only because it was endorsed by socmed influencers. Like if you make 2x earning, you should feel contentment from it rather than asking for more. Stop from thinking that meme coins give you x1000, you will only get tired of waiting as it is hopeless to see. 
Quote
Also the YouTubers give out meme coins but after that nothing moves so what we all can Do to fix that problem that meme coins don't work as they should be.
Can't deny that you become a victim of the influencers who say that "meme coins worth x1000 after a few days". And a greedy soul like you invests without having time to think and that is what really happens to you, mate. Still better to choose those projects that possess long-term profitability, not just during hype.
106  Economy / Economics / Re: Cryptocurrency should be insured and supported by goverment on: June 21, 2024, 01:17:03 PM
We don't need them because the crypto market will continue to grow without their participation. We are able to enjoy privacy before but when the government gets closer and implements some rules in exchanges, we are now losing it, and much more if they will regulate it that is more to lose from us. They don't give assurance to us, that is what I feel. I know they have some reason why they are eager to control crypto and that is worrying enough for now as they are moving in.

I still believe that adoption never needs insurance from the government but what we just need is their understanding and let people choose as long as it never involves crimes like money laundering and scams.
107  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Retirement Bet on: June 21, 2024, 12:38:36 PM
Bitcoin is gaining a lot of popularity and there are people considering it as a retirement investment. How good is this?

https://bitcoinics.com/bitcoin-as-a-retirement-bet/
Bitcoin has been known for its profit potential and anyone who considers this as their retirement plan is not a bad idea but of course, I won't say they must put everything into bitcoin. Still better to put some percentage in the banks and another share into another investment. Why? We consider the risk of the marker because even though we know how profitable it is but granting that we don't have assurance for its long-term stay at least we secure some money on other investments. Ideally, that is the best thing to in our money as we can't put all the eggs in one basket. We just think about funds security and we no longer have to commit mistakes as much as possible because this might be the last money we receive in our entire life.
108  Economy / Gambling discussion / Re: Is Gambling A Hobby? on: June 21, 2024, 10:37:46 AM
I think that there is no point in arguing whether gambling is a hobby or not, because each of us has the right to our own opinion supported by acceptable arguments. We all have the right to do what we like, as long as it does not violate someone else's rights and freedoms. And how not to characterize gambling it does not change the meaning of gambling, approach to the game, strategies. The only thing that I think gambling definitely ceases to be a hobby when a person passes to the last stage of gambling addiction.
We can decide to make gambling an hobby the same way the next person can decide to make gambling as a skill or a job. We have the right to do whatever thing with gambling and the angle we are seeing it should be different since we have different people with different perception and comprehensive interface. A person can come here and write about how they have been making consistent profits from gambling while the next person might have to lament about how they have been losing continually from gambling and asking for advise on whether to stop gambling or continue so they can recover their lost funds. We all see gambling from different perspectives.
Yes, we have different views about it but for me, gambling should not be considered a hobby, unlike sports activities as it has way different results, and most of the time it is negative. If a person says gambling is good it simply means that he/she is doing well and not addicted to it but those people who say negative might possibly be experiencing bad about it. That all can be possible but thinking of doing this every day is not good anymore and is close to addiction which should not happen to us. Too much time spent in gambling has never ended in a good story, most of them make terrible mistakes causing big losses and compromise their financial capabilities.
109  Economy / Gambling discussion / Re: Gambling therapy on: June 21, 2024, 07:39:16 AM
This would help surely but if we still don't change our way of gambling approach, even doing this every day couldn't see improvement.
If we have to do this then make sure that we follow what is been directed or else, we won't get the benefits that we want to happen. It is a change of gambling behavior and mindset, and I see the most effective way is to remain a responsible gambler who knows how to control emotions.  Nothing could help us other than ourselves but this therapy fastens healing if, yes, that's if we are serious about doing this. However, this is not necessary if we know how to manage ourselves despite temptation, it is really all upon our control and desires.
110  Economy / Trading Discussion / Re: The Power of Social Trading: Can It Improve Decision-Making for New Traders? on: June 20, 2024, 11:59:29 PM
It definitely helps people that aren't really well versed with the trading world, since it might be better following credible pro trader than just investing blindly into something that's destined to fail [...]

You are addressing the crucial point for me here: trading with real money is not for completely inexperienced people. They are much better off getting to know themselves and the market with paper trades or free trading apps.

Social trading and the like only dilute the whole thing. Although you are investing real money, you learn absolutely nothing from failed trades, let alone anything at all about trading mechanisms. So, in my opinion, it is simply a new business area of the exchanges to get inexperienced users to trade and take their money.

Yes, trading is not for beginners but only for those capable ones. So if one thinks to trade just by following the ideas from social trading, without proper learning on how to trade, you are just giving free money to these people in exchange for unreliable trading strategies. I would say unreliable, otherwise they won't share it to everyone and keep them all for theirselves for consistent profits.

It's still best not to start real trading but focus more on studying the trading market first. When you think you're ready to trade, trade with your demo account first and evaluate the results. After several demo trading experiences, you can proceed to trading using small amount of money first. If you lose, then try to figure out why you lose and then repeat the same procedure until you see yourself in the end making real profits in trading.
111  Economy / Speculation / Re: Bitcoin Bullish period and advantage. on: June 20, 2024, 11:47:00 PM
There is nothing wrong with someone buying an asset when the market dips and then selling it when the market is bullish even if the market manages to go higher than where they sell their assets because they have at least earned some profit on their investments, that's the main purpose and if it's achieved, it's all good.
Profit is profit is what's on their mind.

I know that many won't agree to that to sell but that's how you're going to profit. If you don't sell and you hold forever, there's nothing with it as well. To each his own on this market.

You'd miss the buying moment at the lowest? then buy it before it finally pushes to the peak. There are so many stories that we've seen in the past on how they regret it.

And soon, we'd see more stories from both sides again, those that didn't sold during the bull run and those that didn't bought during the dip or bear market.
If everyone just stick to the rule of buy low and sell high, then there's no one end up at loss. That's how the pioneers here work out on their investment plan and look at them now, most of them have succeeded and are living life comfortably.

However, if you miss buying at the dips, then buy still even when the price is quite high. After all, you don't sell at a loss price, as long as you intend to hold longer and sell only when there are impressive profits around.
112  Economy / Economics / Re: Im waiting Crisis to buy finally land and Property or to build myself on: June 20, 2024, 11:09:34 PM
Yes Im waiting crisis when i can buy finally land and Property everything is so expensive.
But war will make better prices in every bad there is something good war it's not good thing but at least you could buy something cheaper after war.
In other words you are waiting for another war to hit?

You understand that if war does happen, cost of everything will go up, including property? Because old properties might get destroyed, new property costs may rise and so will the cost of living and building something.

I dont know if you have seen a post-war country in real life, but those who have do not give a merry experience. Poverty, miserable life and destruction are the terms they usually apply.

You might have your arguments, but this is my opinion.
I have to agree with you. War does not makes things cheap but everything turns expensive. Otherwise, if you are expecting for cheap properties and assets, probably those might be in trouble and are damaged. It’s still best to acquire land and properties when they are in their best form and condition, rather than seeing then with great damages, something that would be hard to attract buyers at all.

Your mindset might be quite different from everyone here, as you are still waiting for a war to happen before you work out with your plans. Sorry but I find it quite greedy on your part.
113  Economy / Trading Discussion / Re: What do you prefer between pure price action and indicators? on: June 20, 2024, 01:18:43 PM
When it comes to trading, there are two groups of traders: those who like to use indicators and those who prefer price action only.

Traders who use indicators say they provide accurate entry and exit signals but may sometimes lag. Price action traders argue that indicators rely on price data and thus are unnecessary.

I'd never think there is an accurate tool for trading but the price action that serves as a buy/sell indicator, it could be somewhat effective. But if we still have enough time to explore the market situation, we can use some important trading tools. Besides, this is not about making perfections because this gives us no assurance due to the volatility of the market but at least, we can minimize losses which is one thing we benefit from it.
Quote
What do you prefer: price action only or indicators?
Just choose the strategy and tool, or any way of analyzing the market condition that we believe works for us. Our actions come from what we observe in the market price movement which I suggest spending more time with this than on other trading tools.
114  Economy / Gambling discussion / Re: Is gambling a weird way of weath redistribution? on: June 20, 2024, 12:22:48 PM
The casino just gives what these gamblers are looking for and we are not forced to gamble which is why we don't have a reason to blame casinos for losing our money. Let us accept the fact that while gamblers lose money, casinos are benefiting from it. And while some gamblers lose, there are few gamblers who win. If we think this is not the best thing that will happen to us then we also have to ask ourselves why we choose this life when we know we can possibly lose our money. But I believe there is one reason that encourages us to gamble -and that is because of money. We are greedy and think that through gambling we can improve our living and become rich easily. Unfortunately, luck never comes to easily as well which we may lose terribly first before we win.
115  Economy / Gambling discussion / Re: Can someone take gambling as a source of income to he/she life? on: June 20, 2024, 10:33:13 AM
We need to understand the condition in place before we can assumed to take gambling as a source of income with the following reason which i think has to be fulfilled by us.

1. Do we have another alternative means of income aside gambling or not.
2. Are we a random gambler who does that for fun only or depends on it for sustenance.
3. Are we working for a gambling organization to earn from then through the services we rendered or not.
4. Are we the casino owner or developer who sees gambling as a means of making business or we are only gambling and struggling to earn and gamble.
Because gambling is not meant for such a thing " source of income" for usual gamber but was just a good earning opportunity for the owners. We as gamblers, never assume that we can make money from here but rather just have time to enjoy. If we are responsible person, we know already that this is not a place to grow our money as we can't rely on our future through luck, it is impossible. Gambling is made just for fun and those who seek to multiply their money will only lose it all.

Well, gamblers are not losers as we still gain experience but we can't deny that we lose more than winning that is why we can't think everything went so well when we are in aim of growing our money.
116  Bitcoin / Bitcoin Discussion / Re: What initially brought you into Bitcoin? on: June 20, 2024, 09:50:07 AM
It was fun when I first knew Bitcoin from the faucet. I had no idea what Bitcoin was and just playing with the faucet. Until finally I found an exchange that could help me to traded Bitcoin and I could sell it for fiat.

At that time I didn't believed it but I continued playing the faucet and I was able to gets more capital which I used for trading. Until finally crypto grew rapidly and became popular so I could get more coins to traded. From there I try to continue to increased the number of Bitcoins I have.

Faucets in the early days are worth joining with but now, they are just a waste of time. Maybe there are a few left working but the majority seem to be scams. One reason why people are not interested in this anymore.

Quote
I persist because I believe Bitcoin is a way to change my life. I've got it, although not much, but I'm still trying. Until now I am still trying to have more Bitcoins.
In past years, doubts were certainly on our minds, and only a few had the guts to take risk buying but now, that is kinda be witnessing the growing demand which is an indication that more and more people have opened their minds to accepting the reality that bitcoin is a good investment, not a waste of money like other people are saying. Perhaps, it is proven wise and this is how it attracts more people because it is known and bold to us how profitable it is when managed carefully.
117  Economy / Gambling discussion / Re: Concerns grow over online gambling among teens on: June 20, 2024, 06:16:21 AM

And would you agree with him in implementing gambling prevention education in schools?


Honestly things are not really the way it should be as to this regards, the online gambling platforms even after stating 18 and above such rule are not strict and under 18 are accessing the online gambling platforms where majority are being carried away leading to addiction, it is so bad that even parents my not really have all the time in monitoring their teen. However educational sensitization will be lead way of reducing this act because I know it can not easily and completely eradicated but it should be included in the school curriculum or syllabus as a subject of it's own , where the students can be able to know more about gambling even before they becomes 18 and above.
Gambling education is still necessary at least they know what this is all about. But we don't just let the school create a program to educate students, it is also the responsibility of the parents to educate them. Proper guidance of the parents is more important and has a key role in proper gambling understanding. Maybe we could blame these online gambling sites but it should not be that way because if these kids gain proper education they will know what the possible consequences will happen to them.

However, it is too hard to stop kids (young people) from gambling if they want. We can stop them only if the sites implement strict rules on registration through KYC first where those below 18 are not allowed.

118  Bitcoin / Bitcoin Discussion / Re: Be careful with your crypto holdings and what you do with it on: June 19, 2024, 01:25:46 PM
Cam across this news

https://www.bbc.com/news/articles/cn001yr88zgo

So a gentle reminder is to follow law with all your crypto related activities.

I took a glance at the news but all I can see is that the bitcoin the woman held was linked to money laundering and that was why she was jailed. If after discovering her with such amounts of money and after investigation the bitcoin was not link to money laundering, she will be free.
Yes and money laundering is a big crime and that woman is certainly been held liable for her action. It was too sad that it links to Bitcoin and put it in question.
That was clear enough to say that bitcoin is not the reason and besides, it was not a crime to buy/sell even if it was not legal in the country. It is sad to know that some people use bitcoin as a tool for laundering which the government claims that it causes some criminal activities. It is against the law and that woman compromises everything she had and bitcoin reputation as well.
119  Economy / Gambling discussion / Re: Your gambling life could affect your relatives lifes. on: June 19, 2024, 12:06:42 PM

This is a whole level of gambling that nobody wants to get to. This would cause you so much stress and so much depression I can’t even imagine what that must be like. To he that addicted to the game that you even go into debt in order to fund the habit now that’s dangerous
Well this is the basically what gambling addiction can cause, like it can fuck you up so badly that even you yourself would be surprised to the action that you would carry out just to fulfill the urges that rides in the thoughts of those that are addicted at that moment. And the worse part is that it can definitely affect the lives of people around you even without you noticing it.
Very unfortunate that gamblers don't see the negative impact of their gambling addiction. These gamblers don't wonder why some of their relatives hate them and have no close friends anymore because of their changing behavior.

It is reputation and trust that are affected the most which makes those people around us will stay away and no longer approachable. I hope new gamblers will never wait for this will come before they take action but rather make a habit of controlling their emotions from the start because it was hard to recover when we are already in a state of addiction.
120  Economy / Gambling discussion / Re: Would you cashout or wait for the game to conclude? on: June 19, 2024, 07:59:54 AM
This is a question that is best answered considering the current situation of the gambler, to make it simpler gamblers need have a defined system that allows them to cash out or hold according to how the game goes, because most at times when we hold it reverses against us, while when we cash out it goes in our favour. In essence do what you perceive as right when betting, if you are okay with the amount while cashing out then no need to regret over anything, so also if you hold which you dim it fit then it reversed no need to be angry, you did what you decided it is as simple as this.

Personally, it's a complex decision which could lead to being in a dilemma. Gamblers also have doubts within themselves, which is the main purpose of gambling. The regret probably will come in at any moment. It's normal to pick up the existing money and walk away, than wait till the game is over then things changes before the game ends, causing the player to lose out the whole money. I think while waiting for the game to come to an end would be a challenging period for the gambler and the timing would seem to be very slow, it's better not to undergo such a mental stress and focus on the available money. Whatever decision it is the player picks, let it revolve around holding some money. Lossing out completely after being offered a cash out opportunity would be a serious nightmare for that gambler.
That is the mindset of a responsible gambler who thinks that there is enough. In gambling, we can't assume that if we are lucky this time, we will still be lucky tomorrow or in the following days. If we withdraw our money, nobody thinks that we are afraid to lose, we just do the best and smartest option we deserve. Besides, gambling never ends in a day, there is still tomorrow to play again rather than feel regret because we lost our chance to make money out of being lucky. Mental stress results in nothing good but a bad thing to regret which we are supposed not to reach that situation before we realize the wrong decisions we made.
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 52 53 54 55 56 ... 649 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!