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1001  Bitcoin / Bitcoin Discussion / Re: Bitcoin Taught Me To Dare to Dream on: March 25, 2023, 12:08:55 PM
Same here.

Bitcoin helps me a lot since when I'm still in college struggling about my studies, because for me it's just a waste of time for having a degree where my life is being judge by grades, which doesn't make any sense because for me success cannot be only obtain when you have a degree but on how smart are you when it comes on earning money.

So I dropped out on college and focus on earning and learning about cryptocurrency. I could I am happy and much more alive in my new path.
1002  Economy / Economics / Re: Lending money or damaging family bond ? on: March 25, 2023, 10:00:59 AM
You made the right decision.

Never ever lend them money especially if you know they are irresponsible people. If he didn't talk to you just because you never lend him money, means he is toxic enough to not have a very much of understanding. That's the toxic trait of most people I guess, they think your money is only for their wants and needs, they never think of like you're saving it for your own good, or your money is already been decided where to spend on to.

I do have a lot of relatives like that, and I don't even care if they hate me or whatever. My life is completely happy even with a lot of haters. Don't let them affect your life, be happy.
1003  Economy / Economics / Re: Do you think Bitcoin can end poverty? In a nation today on: March 24, 2023, 03:10:13 PM
For me proverty is not the problem of a person but of the whole nation in my country the eradication of poverty has becomes necessary for the sustainable and inclusive growth of the let state the fate here Bitcoin has helps the poor by Increasin their savings and access to capital also it has help around 1.7million people in my country and also it has also impoverished people to control their investment.

I'm afraid not.

The government is the only one that can end poverty by giving opportunities to those people who are really in need of jobs to put food on their table. But sadly, most of the government doesn't really care about their people, in fact, they are using them when election comes by brainwashing them by their sugarcoated promises. Most of the government are corrupt, that's why poverty cannot be avoided if those greedy politicians are getting elected every single time.
1004  Economy / Trading Discussion / Re: Experience of failure and success can help us control the emotions. on: March 24, 2023, 02:02:12 PM
In trading the number one enemy is our self emotions, many trader loss because they can't control thier emotions and it really affects thier decision making and sometimes it will become a reason for the big loss, in crypto we cannot be free from different emotions because everytime market condition is changing and it is really a high volatility market, i think experienced had a very big role on decision making, is this a reason why most of the newbie loss is it because they don't have enough of experience?

Well, that's why they are called "newbie" for a reason, meaning obviously they don't have enough experience yet, and also we should expect more losses especially if they are just newbies. Experience is earned in a very long time process, and not all of the experience will teach you something valuable in return, but sometimes it depends on how you will take those experience, as your teacher or discourager.

Controlling your emotions will be hard, especially if you have a very high pride and big ego. For me the easiest way to control your emotions is when you can easily accept the result, move on, and learn from every mistakes you've made.
1005  Economy / Trading Discussion / Re: Taking loan for investment can be life threatening on: March 24, 2023, 11:39:19 AM
It's hard to trust your money from a loan to a friend who trades especially when you're far from each other, it could escalate quickly in the worst case scenario. Also, if your uncle doesn't have any source of income, he would only have a headache on where to get money to pay off his loan. I wouldn't even dare to do such crazy thing like that, well maybe if I'm the one who is going to use that loan money in trading.
1006  Economy / Trading Discussion / Re: Trading addiction, are you coping? on: March 23, 2023, 03:25:38 PM
~snip~

I think it would be perfect to bring this trading discussion. Are you addicted to trading? I am thinking that making profit from trading or making losses, there is a chance that some traders are addicted to trading. What are you doing naturally to stay away from trading addiction?

No, I'm not addicted to trading or even something like gambling. As far as I know about addiction in trading is if they are trading using high leverage to gain big profit and when they won once they will do it again without any knowledge, analysis, or even a plan. The worst thing is when they borrow the money from their friends and end up not paying back the loan.
That’s a worst addiction to tell. Well, I must admit I have been trading with addiction before and because I keep on chasing for bigger returns, the more i see myself constantly in losing. That’s why I decide to trade only when there is spare money to trade. And when I fail to secure it, then I never do trading, you will learn on how to avoid trading addiction and control your trading activities when you have an empty wallet so there’s no reason to trade.
Trading addiction is a gradual stuff that develops over time knowingly and unknowingly if not taken care of at the appropriate time, if a trader happens to notice is becoming so addicted to trading, best thing to do is pause trading for some days in order to get your emotions back. Lastly, Greediness is a major factor that contributes to people trading often because they wants to gain everything and in the process lose everything .

I agree.

Sometimes it's not just about greediness, it's about the ego and also emotions at the same time. So the end is they will gone berserk, entering random trades with pure guess technical analysis hoping to gain back their losses but in the process, the truth is they are just piling up their losses instead because of their reckless decisions. And that's the time where they need help, a professional help, because their families or even relatives can't fix them.
1007  Economy / Trading Discussion / Re: Can old trading strategies work again? on: March 23, 2023, 12:39:48 PM
I believe you have to be flexible when it comes to trading. Trial and error is the key, if one or two strategies didn't work out for you, try other ones. You don't have to limit yourself from one or two trading strategies, if your old strategies doesn't work anymore, it could be either you're doing it wrong or you need to level up your approach. There's a lot of rooms to grow in trading, you can't make profits if you're not going to get out of your comfort zone.
1008  Economy / Trading Discussion / Re: how will it be? on: March 23, 2023, 11:46:58 AM
Bitcoin price is currently 28k and I have 5k usd fund which I want to invest in crypto currency, and want to make this investment for long term, want to wait until next ATH or touch current ATH.
Do you think it would be perfect to invest in Bitcoin now or should I wait for a few more days to get a good DIP?
I am actually very weak in analysis so I would like to know from your personal analysis that Bitcoin can go below 20k again?

The price of Bitcoin is always unpredictable, but making technical analysis for it increases your chances of guessing it. For me, it is not that bad to invest your funds on it in its current price, because you're still gonna make profits once it reaches its last All Time High. If you want, you could do 50:50 purchase, buy now using your $2,500 USD then use the remaining half once it dips in a price you wanted.

It's much better rather than waiting 'till it dips below $20,000 again while you're watching its price skyrocketing.
1009  Economy / Gambling discussion / Re: Top 3 Reasons Why Cytpocurrency Gambling is more Addictive than Fiat Gambling! on: March 22, 2023, 03:00:30 PM

3. Thrill of volatility:

We are all aware of how unpredictable the cryptocurrency market is, with prices varying quickly and erratically. Some people may become addicted to the "high-risk, high-reward" mentality as a result of this volatility. Even though it may result in severe financial loss, they may get high from taking chances and placing large wagers.


Volatility is also one of the reasons why I prefer to play in Cryptocurrency based casinos than in fiat-based, if you're extremely lucky you can win huge amounts of money then when the time to withdraw your amount the price of the coin you withdraw increases by 10 to 20% depends on the market, nothing could be thrilling and fulfilling it's like you hit the jackpot twice, it seldom happens but it does happen, I have experienced that but the increase is only 5% but it's still worth it.

This is right.

Most of the time, people play and bet because they like the thrill of the volatility. There's a high risk and high return in gambling using crypto. Hence, most people gets excited, and they have so much fun with it. They look forward with the idea of winning big and withdrawing big with using only a small profit. Since there's a chance that their money will have a higher rate or even double if they would be so lucky.

However, there's also a risk with this which makes it still fun for some. The surprise of whether they could withdraw high amount or low is what challenges them. I'm not kind of risk taker so I can't really tell. But surely those people have the guts.
1010  Economy / Gambling discussion / Re: Betting strategy question on: March 22, 2023, 02:05:13 PM
Pardon me if I have been too lazy to read through all of the posts...though I am curious to know, has anyone actually tried using AI to bet for them on a gambling platform on the forum? Do any solutions like AI-powered bots exist, where you can tell it some variables and allow it to go ahead and play? I picture talking and training with the AI bot as it plays...with its capability to evolve, a smart trainer paired with AI self control could be a recipe for disaster for the casinos. I'd love to see this made.

It doesn't matter what you play, the casino always has an advantage based on the odds and payouts of the games. They designed the games to be like that.

So, even if an AI maximizes your chances of winning, still, in the long term you will lose all your money if you keep playing at the casino.


If you will keep playing and not to work with your limitation, then this statement is going to be true,
but if you have that capability to stop and quit while you are enjoying your profits, then that strategy will work for you.

I'm sure there are some quite experienced gamblers who know how to stay calm when they are suffering from some losses,
they are just in need to control and make sure that they can balance both winnings and losing streak.

I agree with this.

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.
1011  Economy / Gambling discussion / Re: What is the Strangest Bet You Have Ever Had? on: March 22, 2023, 01:29:25 PM
Oh man, I've had my share of bizarre bets! Like when I bet my pal I could polish off a whole pickle jar in a single sitting! Confidence was sky-high till my mouth felt like a wildfire! Lost that bet, but learned a thing or two about not overvaluing my pickle love.

Joking aside, bets and gambling can spice up our mundane lives. Keep it playful, don't get too serious, and turn those losses into life lessons! So when you're betting, ensure it's goofy, fun, and have a water jar handy for pickle wagers!

I have this experience too wherein my confidence was beyond the horizon during the betting placement, but still lose it even I was really so sure I would win. This is because i became negligent and impulsive due to believing so much on my capabilities rather analyzing the situation and the risks. So yeah, it was a bit embarrassing and humbling at the same time. Made me learn a lesson which is to assess the possible outcomes first and check whether it will be worth it or not to gamble upon.
1012  Economy / Gambling discussion / Re: How my lack of knowledge has blinded me so far on: March 22, 2023, 12:58:30 PM
It's good to hear that you've taken the time to research the reasons behind KYC verification requirements for online casinos. I believe KYC verification helps online casinos ensure that their players are who they say they are and that they are of legal age to gamble. In easy words, it's mandatory to provide the player's credibility. In addition, it's necessary to ensure the safety and security of online casinos and their players.

Agree. Casinos do KYC to verify that their clients are existing people and are not just faking their identities to suit their interests such as to launder money or to use other identity just to gamble. KYC can also predict young people lurking around the casino website which they shouldn't be a part of in the first place to secure their mental well being and future.

KYC can help casinos monitor the people making transactions in their account and if ever there's something unusual they are seeing, they can easily tap on that person to give a notice and let them pass specific requirements to verify and comply. This is also needed because casinos are being regulated by the country officials to be able to fully operate without conditions, hence they must abide for the good of everyone.
1013  Economy / Gambling discussion / Re: Random Number Generator and it's importance in Online Casinos on: March 21, 2023, 02:57:19 PM
RNG is really important in casinos. It is important in gambling websites and any platform that involves gambling particularly those games which are luck-based because the results should be unbiased and as fair as possible. If there is no RNG, people will doubt the credibility of the outcomes most especially in slot games because it might be rigged and programmed to be in favor of the house which in this case, players will continue to lose due to low odds of winning. The good thing is, casinos do not handle the RNG. They have no access to it so that the game will be fair for both parties. There's a certain company which they get their RNGs on their specific games to draw numbers like you said, which is as random as possible.

But there are also websites, the fake and scam ones who do not have company where they get RNG, and rather make their own program and algorithm to show results in favor of the house to rip off the players. Hence, one must really do his research in order to not fall victim in these kind of sites.
1014  Economy / Gambling discussion / Re: What is the Strangest Bet You Have Ever Had? on: March 21, 2023, 01:33:26 PM
Personally, the strangest bet I've ever made was between me and my siblings. I guess most of us who have siblings has done this before. Way back, my siblings and I would bet on who will predict the next advertisement on TV. The one who gets the right answer of course, will take the money each has bet on. Most of the time, it was our youngest sister who would guess the correct advertisement, which made her earn enough to buy several sets of cheap toys being sold around the market near our area.

It was a fun experience and we were having a good time way back not really knowing that the thing we are doing was already considered gambling at some sort. We still do this kind of bets until now, but mostly it's related to lifestyle and decision making bets which I suppose is still harmless because we only bet what we can afford to lose.
1015  Economy / Gambling discussion / Re: How my lack of knowledge has blinded me so far on: March 21, 2023, 12:14:15 PM
The list you have made actually makes sense which why casinos ask for KYC despite many players are against it. Most casinos are regulated by the government, therefore, they have to abide the rules set for them in order to operate which sometimes include verification of their customers. Additionally, they are also filtering the people using their platforms as an escapegoat to launder money. Thus, monitoring the transactions of each is needed.

However, some people are unaware and oblivious of these reasons which is why they loathe KYC. Some knew, but does not like it still. And I can't blame them though since it's still matter of preference.
1016  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: March 21, 2023, 11:16:20 AM
I don't think big casino will going bankrupt easily because they've calculate their total bankroll and the maximum amount we can bet on slots or sports, even there's a lucky gambler bet an event with maximum amount, the casino just need to pay it and limit the gambler's account to prevent him to win big amount money in the future.

In the worst case, a legit casino will declare they're bankrupt while a scam casino will abandon it and not pay the big winnings.
as far back as I can remember, I have never known a casino that went bankrupt. what you said is true that the casino will be smarter on the front lines and one day if someone happens to develop ChatGPT to be more accurate, maybe the casino will immediately hire that person to be part of the team at the casino.

in the end the casino will win and we are the place to lose.

I guess that even if AI cannot predict sports betting perfectly it will still be used and marketed as a tool that has this ability to predict betting. People may custom develop this tool to claim it is fit for betting while it still be an ordinary AI tool which has been built to know the future outcomes.
well maybe AI will still be marketed because of the adoption hype that is going on right now and for me that will surely pass when other advanced tools come to rival AI. I wouldn't be surprised if AI would likely continue to be developed to predict sports betting but still be inaccurate.IMO

it's just that AI can be taken into consideration for doing research before the match starts.

This is one of the main reasons why AI has been trending. AI is capable of predicting and answering questions related to almost anything. ChatGPT in particular can even answer homework for a student especially if it involves an essay. There's even recent news wherein GPT helped win a hackathon although I'm not sure if this is verified. AI can do so many things if you know well how to use it to your own advantage.

Although I don't really suggest using and relying solely on AI because they can't guarantee a win despite how nice and convenient they are. I believe it should only be used as a basis but not entirely put your bet on the predicted result of AI because it could still turn out wrong and you can lose your money all at once with just a wrong decision.
1017  Economy / Gambling discussion / Re: Top 3 Reasons Why Cytpocurrency Gambling is more Addictive than Fiat Gambling! on: March 21, 2023, 10:23:49 AM
I very much agree with these reasons. Most of the time, people are enticed to do crypto gambling compared to fiat because of the things you've mentioned. Foremost, it's much easier to hide your identity to anyone because of anonymity in gambling sites. Although I'm afraid that this has been slowly being removed because of KYC. But as long as the provider states that the personal information won't be passed down or sold to any other party, then its all good because you're still under anonymity aside from the casino itself which vowed to you under terms and conditions to keep it private.

The thrill that the volatility brings could either make or break your winning which is mostly preferred by a player in the hopes of having higher amount compared to the amount they have won the moment it's bullish season.  And like you said, the players have the option to retain their crypto winnings or exchange it to fiat which is much convenient depending on the situation.
1018  Economy / Gambling discussion / Re: why people promote gambling sites . on: March 21, 2023, 09:43:25 AM
Gambling sites are like any other business that needs to be promoted to have clients in order to profit. If there will be no profit, then what's the point of establishing one in the first place? So, they do their very best in order to gather around customers and be their regulars as much as possible to earn from them and to keep their business thriving in the gambling industry.

The same way gambling sites need to profit, people needs to earn money too to survive their daily lives and to live the lifestyle they want. Streamers accept the offers in promoting gambling websites because they were paid for every content,, views, and referrals. The same way with influencers and the likes. Of course, people will do it if they will get something in return. That explains why most people still promote gambling sites despite its consequences. Since after all, it still depends on the person itself whether he will be responsible of his finances or be swayed by the gambling's fun and possible profit.
1019  Economy / Trading Discussion / Re: How do we manage our crypto trading strategy on: March 18, 2023, 03:42:22 PM
The most popular strategy in the community is to buy cryptocurrency when the price is low in the market, and hold to watch when the price will increase higher before you can release what you are holding at the moment to achieve something special from the market. Personal research is another strategy many traders used to overcome losses, and embrace profits in the future because the moment you Carry out your personal research before investing on a particular coin, it will be difficult for you to experience failure than to achieve success at the end of the market.

I agree.

Buy low and Sell high, and hold until you meet the price where you're happy to sell your coins. Spot trading is the best example on this type of trading, and gives good profit as long as you know when is the right time to sell but requires a lot of patient. In futures, you have to stick to indicators that brings you a lot of profits every trades you make, though while finding those indicators, you're gonna lose a lot at first but it is definitely worth it.
1020  Bitcoin / Bitcoin Discussion / Re: What is a good wallet I can use to store Bitcoin? on: March 18, 2023, 03:05:39 PM
I've been using Electrum for a long time already and it's good. You can create multiple Bitcoin wallet, I suggest the segwit address for cheap Bitcoin transactions, though you can edit how much you're willing to spend for a certain bitcoin transaction. Obviously, the higher the fee the fastest it could be confirmed and received.
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