Bitcoin Forum
May 24, 2024, 12:42:30 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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 57 58 59 60 61 62 63 64 65 [66] 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 ... 341 »
1301  Economy / Gambling / Re: Researching for Upcoming Game on: March 01, 2023, 02:59:03 PM
Recently, I'd thought about casinos creating a general overview of the list of crypto casinos both from the past and existing and the new ones coming onboard for gamblers to see and develop interest on them, this will help in having a collection of various games and when they have being added to the casino or the general information needed about a particular game, but most importantly gamblers prefers the new coming games having a different dimension of approach in gambling.

That sounds like a great idea, there have been so many different casinos over the years with a large variety of games. We all know the most popular casino games, but maybe there have been some casinos in the past with quite innovative games that everybody has forgotten about. Before the crypto gambling boom in 2020-21 which came with the covid lockdowns, it was quite hard for online casinos to attract a lot of new gamblers. Having a summary of all the type of games that were around already, would give a good indication for casinos if they really are developing something or just bring old games back. It would also help to do some research about popularity of some games. It sounds like a lot of work to create a database for it and I would expect casinos to pay money for such kind of information.
1302  Economy / Gambling discussion / Re: Gambling is Neither Good or Bad on: March 01, 2023, 02:30:45 PM
This is why I cringe whenever I hear or read stories of people who blame gambling for the loss of their entire life's saving or some negative consequence. The act of Gambling in itself is neutral. It is not to be blame for the harm that has befallen the individual but rather the individual's inability to control their emotions, finances, and time. I strongly encourage every newbie gambler as well as experienced gamblers to take responsibility for their actions and not using gambling as a scapegoat for their lack of discipline. If you approach gambling with discipline and self-control you will find that that it can be a fun and relaxing activity. Who else thinks so too?

I fully agree with you, gambling is neutral as nobody forces us to visit a casino and place bets with our personal money. Every person can decide for themselves if we wants to take the risk of losing money to get the chance of winning money. Someone who made a lot of money with gambling will say it's good, and someone who lost will say its bad. These are all personal experiences and don't hold true for the general population. All the people who lost money with gambling where hoping first to make a profit with it. And if they had won at the casino they would not publicly say that gambling is wrong. I can understand people who are against casinos and don't like gambling, but playing yourself and then talking bad about casinos after losing is wrong. The winning chances of all the casino games are publicly available.
1303  Economy / Economics / Re: Would You Consider Adding Bitcoin to Your Retirement Savings on: February 28, 2023, 07:42:11 AM
As a bitcoin supporter, would you consider adding bitcoin to your retirement savings, or do you prefer the traditional 401(K) or IRA? If yes, to what degree? 100%, 75 %, 50%? Also, do you think that accepting bitcoin into your retirement savings account is a form of the DCA method?

Adding bitcoin to your retirement account is an interesting idea, but at this point in time I would probably not do it. As far as I know in my country there is not yet an option to add bitcoin to your retirement savings. There might some specialised insurance company focusing on it. The government retirement money in my country is not invested though, it's being paid out directly each year. When it comes to retirement money I think that we need to focus on very safe investment that have no real chance to lose money, that is why I would stay away from stocks and other risky assets. Once we look at our retirement fund as a very safe investment, we can use our own savings account to start trading more aggressive. Everybody can buy bitcoins for themselves, we don't need an insurance company to do it for us. The benefit of us buying cryptos directly is that we are in charge and we can sell and buy more when we feel the market is in our favour. Assuming that the longterm trend of bitcoins is upwards, then any retirement savings account is a DCA method on bitcoins. The only problem is that there is no option to sell any coins over a long period of time.  
1304  Bitcoin / Bitcoin Discussion / Re: Bold step to invest my fiat in Bitcoin on: February 28, 2023, 07:31:15 AM
But I really had to take my Time to understand the whole volatility of Bitcoin before taking this bold step.

So everyone should join me and celebrate this purchase as it went through without any stress and please help me show my image for other viewers as my rank prohibits me to

Congratulations for making your first crypto purchases. You made the right decision and in a few years you will look back at this moment and see that should have not worry so much about it. It's always good to first fully understand something before your invest your money into it. Volatility is back deal in the bitcoin market which worries some investors, but it's also that high volatility which lets the bitcoin price jump upwards 50% in a few months. Without volatility we wouldn't make a lot of money of it. Two things I recommend you to focus on, first of all make sure you have a secure wallet so that you don't face the risk of losing your coins. The second thing I would focus on is longterm growth of your crypto portfolio, keep buying new coins when you have some money to save and don't worry so much about shortterm price movements. When prices drop it's usually a good time to add to our holdings. 
1305  Economy / Gambling discussion / Re: Hypothetical Question on: February 27, 2023, 12:21:01 PM
If you were told the outcome of a soccer match, hours before the match was scheduled, and you were assured that it would 100% win, how much would you be willing to bet on it? Assuming it was a 100% can’t lose situation.

Assuming you had millions of dollars that you could put on the match, where would you place the bets? Bookies often limit players. How could one successfully place millions of dollars in bets without drawing up suspicions or having their money frozen? Just curious.

If I would ever come into such a situation we should use all the money we can get our hands on to bet on the match. Step one, sell all stocks and crypto assets I own, Step 2 take out loans if that can be done in a few hours, otherwise just use all credit cards and go into maximum overdraft. Step 3 call friends and family to ask for money. If its really a 100% sure game than we should be betting the maximum. But I would not bet everything at one bookmaker, better to spread it out across all the major platforms.
1306  Bitcoin / Bitcoin Discussion / Re: Are there age limits to Bitcoin investment? on: February 27, 2023, 12:04:06 PM
Same thing also applies to the elderly as I've also read news of people trying to get some retirees investing their pensions into crypto rather than advising them to relax and enjoy their pension and I really wanted to know if it's wise to get kids and elderly into the crypto industry.

I don't think it's a good idea to get retirees to invest large sums of their savings into crypto currencies. Bitcoins are still volatile and when you are old it's very hard to plan ahead. You could become sick suddenly and need money for your care. When all your savings are in bitcoins you could before forced at very unfavourable prices. Better to have only short term savins accounts. Something else would be if you plan to leave money for your children and grand children. Then we could leave them bitcoins and other crypto currencies, we only need to make sure that they know how to access the wallet and will not lose it.
1307  Economy / Economics / Re: Money and education on: February 27, 2023, 09:26:26 AM
Presently now in my wonderful fatherland NIGERIA 🇳🇬 I can see the power of money.
Please any advice?

Of course money is king, if you ask random people on the streets to choose between money and education they would all choose the money. Once you have the money you can always educate yourself again, or just hire a smart person that does everything for you. Money is what drives the world, not education. There are many things you could study and will not find a well paying job afterwards. That's why sating educate yourself first and then the money will follow is not always true. The main question is of course how do we get our hands on money. The usual way is to find a good paying job, but for that we need an education first. So we can't really choose between the one or the other, we need both. Just make sure that you study something important that companies actually are looking for.
1308  Economy / Gambling / Re: Consider open live casino (street gambling games) on: February 27, 2023, 09:20:12 AM
Livecasino providers dont gain shit fron rigging games this why they are much better option than playing on a regular self made casino games. Is more trusty way to gamble.

I agree with you, it makes so sense for the casino to rig their games. All the casino games are profitable as they already have a house edge that is going to make them money long-term. The more people that will play their games, the more money they are going to make. And if there would ever be a case where games are rigged the casino name would be ruined and all the customers would leave the casino. Live casino games are more engaging that the traditional online casino games, but it's not a proof that the game isn't rigged. When it comes to roulette it's usually the ball or the wheel itself that is rigged and just by watching it live we wouldn't notice it. Personally I like live Casino games as there are usually beautiful woman as dealers. The only issue I have with it is that the cost for the casino is much higher to run live games than online only games. They have to hire all the dealers and make less profit that they could give back to the community via promotions.
1309  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: February 27, 2023, 07:16:40 AM
We all agree we're living in a crazy world and what's far worse is that it is managed by a bunch of clowns..
So, let's think wildly, one day US were to further increase the censorship just like some of the other countries in the world, they ban bitcoin, they ban VPN, they pass legislation for those who mine/trade/spend btc will be sent to jail.
(Let's not say it's not going to happen. It can! You never know just like you would never have known that there's a war in 2022.)

Other countries start to follow.

Where will you be and what kind of life will it be and how is it going to impact yours?

That would be a very terrible situation and I would start to question the sanity of the government. What real reason is there to ban ccrypto currencies and VPNs? I don't think the government needs more ways to try and control it's citizen and I would try actively try and fight these bans. Hopefully in such a case there will be alternatives that we can use and don't have to give into the government's demands. It's one thing to ban the use of bitcoins, but can they really force us to sell all our coins? I don't think so, I would hold my coins as long as I can and not give into any demands to sell them. It's up to the people to stand up to the government when they try and exploit their power. Hopefully the ban will only stand until the next elections, when voters wake up and will change the government again.   
1310  Economy / Gambling discussion / Re: Does this help you win when you're gambling? on: February 27, 2023, 07:06:00 AM
Does anyone of you thought that playing for fun helps you think better and win with less effort especially in poker than having the mindset of trying to win? Because when you are trying your hard to win, it will make you overthink and that your mental state will get stressed out.
I think this will work for both land base and online casinos.

I am quite surprised that you mention poker as the one game where this should be the case. Poker is such a competitive game that I would have expected it to be the other way round, professional poker players who only focus on winning should be taking advantage of gamblers who only play a little for fun. I know this from the home casino in my city, and also in Las Vegas there are a lot of regular poker players that want to take advantage of the tourists who only come in town for a few days. In my opinion being not very competitive and focusing on winning is a problem in poker, because you need to stay focused for a long period of time. In poker there is no house edge, we only play against other gamblers, and the one that stays mentally strong the longest is likely going to win. Luck plays a big role at the beginning in poker, but the longer we play the smaller becomes the impact of luck and the more important is our strategy. 
1311  Economy / Economics / Re: Cash is not trash on: February 26, 2023, 04:21:47 PM
Do not trash Fiat yourself when it's actually needy, crypto and Fiat must co-exists until the government decide to go digital with Fiat themselves, and Fiat is not trash.

I agree with you, we all need fiat money for our everyday life, without it it's very hard to function normally in most countries. But there is a difference between using fiat money to pay our bills and expenses every month and saving large amounts of money in currencies that are losing it's value over time. In my country we have at the moment inflation rates of 8-10%, while the bank pays 0.5-1.5% interest on savings account. It makes no sense at all to save money at the moment in a bank account. I would recommend anybody to invest their money instead, stocks and cryptos are two good alternatives. As long as we don't pick the most risky assets the risk of losing a lot of money is not that high. And in case we need some short term money we could always sell some of the assets again.
1312  Economy / Gambling discussion / Re: My $300 bet won $417,000 on: February 26, 2023, 08:19:14 AM
I closed my account with the above sportsbook and was going through my account history and found this bet I placed two years ago.

I spent many hours researching and selected 19 legs that I liked. I placed $300 and collected $417,000. I only chose sports that I have a high knowledge of and tried to bet with no emotion.

Well done mate, that is some life changing profits you made there and I hope you invested the money wisely since then. Taking a break from sports betting after such huge winnings is a good idea. Hopefully you find something else that gives the same excitement in life. Looking at your bet I am really surprised to see 19 legs, that insane. On one side you need to combine a lot of bets together to get to a 1,300+x multiplier, on the other side this decreases your winning chances so low. Over 19 matches there could go so many things wrong, I definitely don't have the stomach to take out such bets. Kudos to you for making it work and showing all of us here on the forum what a successful sports betting career can look like. Good luck for your future plans.
1313  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: February 26, 2023, 08:07:14 AM
Crazy week so far in the ESL Pro League Season 17, who would have thought that G2 would lose 2-0 against Cloud9. I lost some money on the match and need to recover it in today's matches. G2 is still one of my favourites this season and they managed to pull through the lower bracket of Group A to beat fnatic 2-1 in the lower bracket final. Now fnatic has to play against IHC in the last chance match before being out of the tournament. I will go with fnatic for the match as they will do everything to advance. The winner of the match will then have to play in the evening against Eternal Fire. Which is likely going to be fnatic, and even though Eternal Fire is a good team, fnatic should beat them. The 2 teams already played each other 2 days ago and fnatic won 2-1, so they should be winning again. The most interesting match of the day is going to be Outsiders vs Cloud9. I am going to go with Cloud9 for the match, after their 2-0 win against G2 they should be hyped to go deep in the tournament.
1314  Economy / Economics / Re: What will you do if bitcoin crash? on: February 25, 2023, 02:57:15 PM
If bitcoin crash today, what will be your fate? Poor or rich. Most people on the platform have submitted all their life savings to bitcoin investment. There was once a man in my area who sold his house to invest in a local platform called BARAZAR in 4 months missive the so-called BARAZAR was shoot down and now he does not have a cottage. So I ask again if bitcoin crashed today what will be your description rich or poor?

I don't think it's a good idea to always value bitcoins based on the current market price. At least for me bitcoin is a longterm investment and I don't feel like my personal net worth is changing daily with the bitcoin price. For some investors it might be different, they are looking for the short term profit and would sell their coins during a crash. Only after selling your coins you will realise a gain or loss from the trade and your bankroll will change. In my opinion it's better to sit out a crash and wait for prices to recover instead of panic selling. Crypto currencies move in cycles and we should worry less about price changes.
1315  Economy / Trading Discussion / Re: How Would you Describe Yourself As A Day Trader? on: February 25, 2023, 02:36:35 PM
Day trading involves risks, and every day trader knows that they need to have a level of risk tolerance. While risk-seeking day traders can take on massive risks in the pursuit of huge profits, risk-averse day traders seek to reduce the amount of risk they would encounter. As a day trader, how would you describe yourself? Are you risk-seeking or risk-averse?

It's been a long time since I did some day trading, I used to do day trading with stocks, futures and cryptos. With stocks I was the most successful, with futures I only lost money and with cryptos I made some small gains. In the end the time and stress I put into trading didn't justify the mediocre returns. When comparing trading returns I always looked at the basic Hodl strategy to see if I outperform the market. It wasn't really worth it paying so much in transaction cost for only small gain. That is why I switched to a more long-term trading approach. Overall I would say that day traders are more risk averse, because they close out all their positions overnight, they don't want to take the risk of the asset for a long time.
1316  Economy / Gambling / Re: Researching for Upcoming Game on: February 25, 2023, 08:04:34 AM
The majority of the members here will tell you that they want a casino that has an insane bonus with a low wagering requirement and also a casino with incredible features that could compete with any other casino in the gaming industry.
Normal for us to  look for the best which is part of human instinct and we do keep on which one would be ending up and able to match up our expectation and preference.This is why we are really indeed hoping and keeps looking on which one does have better offering.In speaking about upcoming games then im not really that much excited about that because we do have a saturated market already on which there's no way that we could really see something new when it comes to offering.This is why it would really be that better if we do stick into those known and popular ones already rather than on making yourself
getting involved on newly launched.If there's something that interesting then it wont really be that bad to test out somehow.


I wouldn't say that this is something only limited to the forum here. If you ask the average gambler on the street he would give a similar answer. A lot of people who gamble, do it only for fun and will be using fairly small amounts compared to their savings and net worth. This is what I would call a responsible gambler and at least among my friends we are all having a similar mindset. Nothing wrong with placing smaller bets in my opinion, I would always prefer to play longer at a casino than placing only a few large bets. A casino would prefer to have more high rollers play their games and will run promotions to attract them, just would be nice to have some promotions for the little guy as well. There is also nothing wrong with taking advantage of the deposit bonus. There are a lot of casino out there that try to compete for new customers, why should we look for the best deal for us? People always compare prices online before shopping, so we should be doing t he same when choosing a new casino.
1317  Economy / Gambling discussion / Re: How do you keep your gambling habit under control? on: February 25, 2023, 07:48:06 AM
Seeing how many people who are problem gamblers today did not have the intention of becoming gamblers who lack self control but somehow they are now gamblers who cannot control themselves, It means that everyone is at the danger of become such if it is not put in check.

How do you keep your gambling habit in check such that becoming addicted and out of control is something that never happens?

 (share your strategy for others to benefit from)

I think we had a few similar threads like this before, but it can never help to share the same information a few times with the community. I am not an expert when it comes to gambling or controlling my emotions, and still over the years there a few points that I keep in mind when gambling. First of all, never drink and gamble. Having one beer in the evening is fine as it's not going affect our brain that much, but drinking heavily is a bad idea to do when we are gambling. I have seen plenty of gamblers in a casino losing a lot of money while being drunk. The second recommendation I give anybody is to set fixed boundaries when it comes to gambling. Make sure you only play with a certain amount of your bankroll in the evening and don't go over the limit.
1318  Economy / Trading Discussion / Re: Is it true that this AI is good for trading? on: February 25, 2023, 07:38:14 AM
I keep seeing videos on Youtube related to how good this A.I project called ChatGPT is very good trading and we all know how unreliable those YouTubers are, so I bring this on here instead, have you use this A.I project for trading yet? Any one?

UPDATE

Sorry guys its actually OpenAI not ChatGPT


I was a bit surprised to read that ChatGPT should be involved with trading, because they try to be children friendly and political correct. A friend of mine has tried a lot of things with bot and says there are a lot of limitations. With OpenAi it's something else, it can be used in all aspects of life and can bring value for the users. However when it comes to trading I am sceptical, so far I haven't seen a profitable AI based trading strategy. Financial markets are very complex, and while many traders use computer system to support their trading strategies, they still need human input and supervision to making sure the bot doesn't break down. Self learning AI is definitely the future, but when it comes to trading do we think there is this one perfect pattern the AI will identify? I don't think so, human action always involves emotions and the more people are involved the bigger the emotions. I do think there are strong patterns in the market, but they are changing with the market conditions. A strategy that works well during a bull market is not guaranteed to do well in a bear market and vice versa. The Ai might have problems switching between such strategies.
1319  Bitcoin / Bitcoin Discussion / Re: Tournament gave 25 bitcoins as prize to last places on: February 25, 2023, 07:15:39 AM

Right now, we usually see prizes coming from crypto casinos and I rarely see it become a prize to any tournament whether it's an actual physical sports or e-sports.


Most of the older users here must have seen this before. It's funny if you compare the 25 bitcoin to today's prices, but the question is did the winner actually kept all his coins? Or maybe he has sold them straight after. Comparing such an old prize to today's prices is a bit misleading, because the 1st place winner could have bought a lot more bitcoins with his 500 USD. It's one thing to get bitcoins as a price money, and something completely different to make the decision to keep them for so long. Now with hindsight it's always easy to make the right decision. You are right that in esports we rarely see crypto currencies being used to pay the winners. I am not really sure why, it's a bit sad because it would further boost the popularity of crypto currencies. But any winner could easily use his price money and buy bitcoins the day after the tournament. There is really no excuse to say now that I wish I had won bitcoins 10 years ago. Everybody can buy them and doesn't need to win a tournament first.
1320  Economy / Economics / Re: Cheap food: can you beat this price in your country? on: February 25, 2023, 07:06:55 AM
Just found a restaurant where the individual meal costs only 0,57$! Meal composed by rice, toasted cassava flour and black bean stew with few pieces of pork meats. Feeds one person decently and the taste is good. You can eat the whole month for less than 35$, considering lunch and dinner daily! That is perfect for cutting expenses with food!

Do you know any restaurants which serve cheaper meals than that where you live? It must be a meal, not snacks.

That's very cheap, where actually is that restaurant? From the type of food it sounds a bit like Brazil. I remember from my few trips in South America that food is fairly cheap down there and very fresh. In Brazil almost every meal included rise and black beans, so delicious and much more healthy than all the fast food in my country. Here are no restaurants where you can get a meal below 5 USD, there a children portions for 3 USD but that doesn't count. Even the lunch menus are above 5 USD. The only real cheap food we have here is for students, because it's subsidised by the state. For less than 2 USD you get a main dish, salad or soup and a small desert. The quality was quite good back in the day, unfortunately you need to be a student to get the discount.
Pages: « 1 ... 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 57 58 59 60 61 62 63 64 65 [66] 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 ... 341 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!