Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.
Reflecting on the Luna case that made many people lose their money in that night a very bad event in 2022, if you read the project in depth about Luna, you really want to be made a backup, then buy Bitcoin for their stable coins, of course the calculation is not Logical and that that makes them destroyed, These projects are reinventing strategies so that they'll be trusted by the people. That's why the best thing is to be wary of any project whether they seem to be good or not. We will never know what's with their schemes whether they're new to us or not but then, in the end game of it it's always them that will win when they reveal the true them. don't be able to believe in the Shitcoin project even though it has been established for years.
Right. It's so hard to trust new projects today and that's why for everyone's sake, just invest to Bitcoin first and whether you want to try something new. Make it known to yourself that you're able to invest on it so that you won't make a mistake that you'll regret forever. |
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Spend it wisely on the things that you truly need. You don't have to restrict yourself from spending on things that are like for entertainment as long as that amount isn't going to eat a lot of portion of how much you've got. But if you're in that shoe where you barely afford to earn that amount, you must really tighten your pockets. Just remember the hardship that you've dealt with before and how far you've come now. It is okay to help other people to stand on their own when they're in need. Not everyone is fortunate as you at this time and I think that's enough motivation for you to be careful and remember how you should spend your money wisely.
Say, shop wisely, but at this stage the definition of being wise in shopping cannot be measured evenly. For the lower middle class, they do not have sufficient shopping options because to fulfill their daily needs they need to sacrifice other needs. In this way, there is no shopping wisely unless the shopping costs are still low. I understand the situation but that's how people should go with what's happening in this world. Being wise is still there and you have to make the necessary sacrifices if there's a need to. And as you have said if that's not enough, the only way to go is to increase your source of income. If you cannot minimize some of it then all you need to do is to find ways and have other side hustles for that income will be your solution to the rising prices of goods and you'll also have that mindset that you're working hardly to earn that money for your expenses. |
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What can I do to remember the importance of money and spend more carefully?
Spend it wisely on the things that you truly need. You don't have to restrict yourself from spending on things that are like for entertainment as long as that amount isn't going to eat a lot of portion of how much you've got. But if you're in that shoe where you barely afford to earn that amount, you must really tighten your pockets. Just remember the hardship that you've dealt with before and how far you've come now. It is okay to help other people to stand on their own when they're in need. Not everyone is fortunate as you at this time and I think that's enough motivation for you to be careful and remember how you should spend your money wisely. |
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Going back to Luna and what Do Kwon has been doing all the time with the project, many thought that he was legitimately doing something else that encourages the market to buy more Bitcoin as that's what his project has been doing. But on the other side, we don't know that his plans are evil and it's just a show that the media is reporting about his projects buying Bitcoin like being a reserve. Moving on, most of the lending projects weren't trustworthy at all. They look good at the beginning but the business model that they present aren't sustainable, we've seen a lot of them fell already.
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Some people think Bitcoin = Trading and gambling. They think those are the only use cases of Bitcoin, while there are many other things to learn. People do not bother to learn why their transactions get stuck from time to time. People do not bother to learn that any coin named Bitcoin on another chain is not Bitcoin. These are the shitcoins. People do not bother to learn what wallet they should use instead of centralized exchanges. They use exchanges to trade and keep their balance there. Bitcoin enabled financial freedom yet we do not use it for that purpose. Bitcoin is not only for trading. If newbies already know about these, they are welcome to ignore it.
I think that's all due to the excitement that they're seeing from the success stories of the others. They don't bother to check all of those basic things about Bitcoin but that's fine because they will get to learn all of those in the process and if they're eager to learn more about it. But hopefully, those people won't go that far and will come to the point that they'll have their lessons in an expensive, that's what we don't want to happen to them and that's why starting from the most basic ones, making it a little by little until you want to learn something new again. Just like what people are saying about learning and education, it's a continuous process and the best thing is that this community is all for it. |
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though we can't say this in general to the global population but the population going into this crypto market, is indeed increasing day by day. it may not be big as compared to the world population, but more and more stakeholders are trying to participate in this market.
I agree, we just go back a few years ago and there was like a lot of negative news saying that Bitcoin is going nowhere but to the pit, and then so on. But look when the adoption rate has grown and the media has been reporting about financial institutions adopting Bitcoin and investing in it. The fact that the market has changed and many institutions came in was like the trend on the 2021 bull run and it shall continue with these ETFs once they're all or most of them approved. If the price of bitcoin organically grows the next few years, governments will be forced to accept crypto into regular trading and then see the boom in price, its already started but has a huge potential.
I reckon, true that when Bitcoin has popped again the news and then they're seeing that the price is increasing and seems unstoppable, they've got no choice but to accept and adopt it lightly as it can help each country's economies to have another source of taxation. Maybe the CBDCs are foreshadowing of it. |
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A big win? could be or not really. We've got people in politics who have been supporting crypto and even prominent people who are into it and give a lot of predictions about Bitcoin. That could give some upper hand and advantage because of their influence on their respective communities and areas but why is it that every negative news is the one that has a heavy impact on the market instead of the good ones? That can be observed many times or is it just because the community is too reactive with such false and bad news than the positive ones? As for this news, there's a little positive on it but the impact doesn't make a difference after all. And sometimes these medias are also romanticizing the titles and news that they publish.
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I am still here to gather little knowledge about Bitcoin, I don't need enough knowledge, I can invest while learning Bitcoin, but the thing there is I am shuffling my self, so I will not be tangled while I am accumulating Bitcoin, I have come up with a plan of using the DCA method to accumulate a $50 monthly, my monthly payment from my job is $300, if my expenses will collect up $100 then $50 can be kept in crypto (Bitcoin) and another $100 for emergency funds then the remaining $50 can also be kept for personal things. Now is the best time to buy Bitcoin, I am not in a hurry to start investing Bitcoin, when the time comes for me to invest nothing will stop me to invest in BTC, as Bitcoin is not something I will start today and get rich tomorrow that is why I don't want to rush in to it. I will use electrum Bitcoin wallet to save my coins because I have learned so far that the electrum wallet is a safe wallet for any investors that what to hold Bitcoin for long, so I will be using it to hold my coins when I buy some Bitcoin, I will update when I buy my first BTC.
That seems to be a credible plan but can you afford to live with the remaining funds out of those investments that you're planning to do? $50 from a $300 monthly salary is around 16% of the entirety. It seems not high for most but with your wage, it's quite high. Well, I think you have already assessed your way of living and this is really an affordable plan that you can do. You have also given the other plans you're about to do and that's commendable to you. I am looking forward to your first purchase and that's just the start of your journey, you haven't officially started but if you will follow this plan, we're all on this journey and we all going to make it even if the market is sometimes brutal to everyone. |
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There are casinos that don't want to make their mobile apps yet because their website is responsive to mobile users and that's totally fine. It's true that there's now a wide range of people gambling coming from their homes through desktops and laptops. Now with how things are becoming more convenient the desire to gamble whenever and wherever you are is just a few taps away from your smartphones. Are you suggesting that all casinos should create their mobile apps as that's part of the development that you're saying? If so, it depends to their userbase and they can see it on from what device their users are accessing it and if there's a demand for those casinos that don't have app yet and there are suggestions telling them to make one, they'll do that for sure as part of their great user experience and growth for their customers.
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We had this argument where I was the opinion that most men spend money on things that they are obligated to and cannot control it at times due to responsibilities, men are used to spending money already and because of being used to it, they can find it hard to be as economical as women can be. Do you agree with this unpopular opinion that women are more economical when it comes to money and are able to manage themselves and their homes better than men do?
IMHO. I'll give you an example of why this shouldn't be a discussion for most. If we're going to check if men are the ones who can't control themselves and have bad spending habits, we check the top 10 richest persons in the world because all of them are men. In reality, there's no gender preference on this one because there are men who are good providers and at the same time, good at money management and the same goes for women. While we're talking about how good people are with their management skills in money and by being a responsible family person, there are people that are the opposite of it. It all sets in experience and where a person has grown up by learning all of those life lessons. That's why on this one, maybe in nature men can't be as good as a woman but even in ancient times, it's known that men are more powerful in many things than women. We're in the modern days today and these things are all changing. |
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Those who are prone to this type of malware are the ones who keep on downloading from unknown sources on the web and download random files that aren't verified. While it is a good measure to have an anti-virus, the best form of anti-virus is being informed and aware of the potential risk upon downloading files that you're not aware of. Like what we're saying, "prevention is better than cure" and it's also applicable to this. We don't need to wait until our devices are infected by it but avoid any forms of red flags that are likely to get you malware like bunny loader. A usual practice before doing a transaction is not to be lazy checking the address if it's correct or not, and don't get tired of reading each character, letter, and number before pressing the send button. It sounds simple but will help you verify and avoid making a mistake.
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Aside from the volatility, it also shows that we're getting higher all-time lows in every bear market. On the 2017 bull run followed by the 2018 bear market, we've got $3000. And during the 2021 bull run followed by the bear market in 2022, the all-time low by that year was $16000 and that's just close to $15000 which was like 5 times more than the 2018 ATL. Everyone is seeing the need not to sell too early and we're all being serious and learned from the past years that these cycles happening on Bitcoin are real and backing it up with accurate data makes more sense. It's a no-brainer that many have learned the effect of halving and what it does to Bitcoin both in its technical and economic aspects.
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Congratulations. You're about to become a junior member soon so you're right and keep up with the progress that you've been making. Learning isn't just for the newbies but it's for everyone to progress and learn something new and gain knowledge of the things that we don't know yet. There are newbies in rank but they have a lot to offer to everyone from wherever they come from like they're already experts in the specific fields that they've been working for. I do not suggest newbies immediately start learning Bitcoin trading instead of know the depth of Bitcoin. Their main focus should be explore the forum more and more and read. I didn't even realize when I learned things about Bitcoin.
While this thread exists: Stop discouraging people from Bitcoin...It points out about trading and I reckon what you've said is that newbies don't have to rush to trade. Take a little step at a time and enjoy the exploration that they are learning while staying here. As this thread says, a lot of things have to be learned from the forum, there's trading but it isn't the only thing that they'll learn about. |
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I don't use their service so I'm safe even if it's the fault of the third party. But thanks for this OP, like what we're thinking of being safe, we just can't be safe at all times with our credentials through these services that we have been using. It's not a direct data breached though, it was a third-party vendors that has been compromised.
Based on the letter, 6.8% of their user's data were affected within 48 hours or so which means that there was a direct impact and breach on them. How many could that be with their entire database as the third-party vendor as said is also used by fortune 500 companies? That's a big breach IMHO and it's just that they're not crypto-related companies. Hopefully those other companies that have been using that third party service are also going to notify their users that they've been affected and give reminder to do something. |
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The popular poker website that I know is Swcpoker. Before the domain was swcpoker.EU but it has changed to a new domain every time you pay a visit to them and it has become: swcpoker.club But it looks like they've been off logging on to their account for several months and there has been some bad experience on their thread a few months ago. Yeah SWC had a solid software but it also feels a little sketchy at times. There are several accounts that literally NEVER lose, even though they have no real strategy. Just raise and play every hand and in allin situations ALWAYS get there. These accounts are mostly sitting on 1v1 heads-up tables, so they are easy to spot. Also the player base is tiny so it’s tough at times to find good games  . Even weekends there aren’t more than 200 players online, and only a few actually play. Rest is just chatting about drugs and other nonsense. Many of the players are weak though.  Your btc get directly converted into chips. 1btc is 1 million chips. Limits range from 1/2 2/4 5/10 ……. up to for example 1000/2000 chips at cashgames. Very limited offer on tournaments though, don’t even expect sng games. Another good way to deposit / withdraw with crypto is for example in the gg poker network at sites like ggpoker or natural8. Coins get converted I to $ though and when withdrawing from $ in btc/usdt/usdc . But there you have a huge player base and many tournaments and tables running every day. At nitrobetting, formerly know as nitrogen sports, you can also play poker but I strongly advise not to. There people are colluding, you are playing bots and other dirt. Safe yourself the disappointment. It is you brother that's what I'm saying that has said some bad experience there and good thing you've come by to this thread and shared the experience that you've observed on them. I remember them having a lot of players years ago and they were really blowing in the poker bitcoin scene on the forum but then, I think with transition and stuff things have changed and they decreased in popularity, unlike almost everyone who has forgotten that they're popular in bitcoin poker. I have a feeling most smaller poker sites are like this. I'd be hard pressed to play poker for serious money after all the scams that have been found over the years. Not saying they are but I've noticed the same in that some accounts play "terrible" but always make the right call and it's not style of play.
It's hard to maintain a lot of players in most poker sites if they won't do that much interaction and promotion to get them aboard at most times, so it's really likely that you're right that other smaller ones are like them. |
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You're nearing to a month within the next 2 weeks so I hope that it goes well for you and it's nice that you're answering the queries here and providing some clarity to how you've been doing that because most of the posts like this that everyone has seen before seems just like a bluff. How long do you plan to test this on real account?
As of today, 02/10/2023, it has generated a 0.76% return in 17 days. We'll see how it performs until October 15th, when it reaches the 30-day mark. I will upload a link to the Excel file containing all the trades I've opened, generated by the Binance platform. Okay, thanks we will see if you've been doing well on the actual since you're good based on your testing with the non actual so should you be done with that, it's nice that you'll share the data. I plan to conduct a backtest for around 6 months.
That's gonna take time and I'd expect that it's like gonna be a roller coaster ride for you. But since you've been doing the test for so long and you believe in what you do and only you know what's happening currently, good luck with that for 6 months and I hope that it will generate you positive outcome. |
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It's like a diversion tactic from them because they can't defeat the real decentralization that's happening through the revolution of cryptocurrencies. Do we need CBDCs? No, the government needs them because that will show that they can control whatever they want to control. But as for us, we've gone through with that and done with it. Let themselves apply, invest, and work on it so that we'll have another laughing stock for which they've done way worse than the earliest and darkest days of Bitcoin.
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The popular poker website that I know is Swcpoker. Before the domain was swcpoker.EU but it has changed to a new domain every time you pay a visit to them and it has become: swcpoker.club But it looks like they've been off logging on to their account for several months and there has been some bad experience on their thread a few months ago. |
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Don't take it as if people are giving bad advice or discouraging someone who's asking to trade Bitcoin. Well, don't ask if they don't want to get some tips on what they should do. Because it is not about the discouragement but the concern that the other members are sharing with the new ones. Yes, many would say that they shouldn't trade because they're still newbies. But, there's also some backup with that if they want to trade, do it only with an amount they afford to lose. These people who give their advice are even giving the shortcut to avoid mistakes that have been experienced before. Bitcoin is for everyone, and no one should be left behind.
I agree that it's for everyone and we all should go up wherever Bitcoin is taking us but trading isn't for everyone just as what it seems you're pointing out. |
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