Bitcoin Forum
August 24, 2024, 02:31:03 AM *
News: All versions of Windows are affected by a critical security bug; make sure you update.
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 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 »
1341  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 17, 2023, 02:36:37 PM
Chelsea started this first half so far with a brilliant performance, and I love the men that Pochettino featured in this game, it shows that he's fully out to win today's game. Ugochukwu and Gallagher's coordination is interesting, and Raheem Sterling's finishing with the ball hasn't been smart enough hence Chelsea would have been leading in this game. If Chelsea maintains the consistency which I have seen in this match Chelsea will most likely go home with the 3 points.
The first half ended without a goal and Chelsea have failed to take the lead. The Blues like in their former games have had the better share of ball possession but created few chances. I hoped to see a better performance in the second half with Mauricio Pochettino making some changes. But it seems Bournemouth is targeting a draw. It was a good decision to substitute Mykhailo MudrykI because has been booked and might not give his best due to the fear of picking a second yellow card. I also think that Raheem Sterling should also be taken off.  Chelsea might end up winning this game after all Manchester City ended up winning the game against West Ham after being one goal down.
1342  Economy / Economics / Re: Another Coup in Africa: What is the economic effect? on: September 17, 2023, 01:31:06 PM
Typical military coup. Which means the change of power is not legitimate, and neither is the head of the military junta. And why should anyone follow their orders ? Smiley
Well and most importantly - everyone understands that a military coup in one of the poorest African countries will not lead to anything positive, neither for the inhabitants of the country nor for its political weight in the world. I can even predict what will happen. Those close to the junta will gain access to the country's wealth, or simply appropriate someone's property, organize their own private military company, just to protect themselves from the population of their country.... Such "power" is not capable of anything else....
Toppling a democratically elected government is not acceptable but it has already happened. For now, the recognized government in Niger is the military. They might not be recognized by France and its allies but some countries have accepted them. It is noteworthy to state that Niger is a sovereign nation that should be allowed to handle its affairs without external influence. ECOWAS has decided to embrace the path of dialogue but the bullying from France can truncate the peace process. We know France has enormous economic concerns in Niger but they have to recognize that change is constant and should play by the new rules of the game.

At least we just saw recently the long-term consequences of war in Libya where neglect of infrastructure has caused the death of thousands. Those dams where not maintained because of instability caused by the invasion of the US and its allies. We don't want war in Niger and France shouldn't cause one.
1343  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: September 17, 2023, 01:10:13 PM
1. Understanding Bitcoin first gives you a more solid knowledge of security. and this is very important to avoid loss of funds.
Investing in bitcoin without knowledge is the easiest way to lose your funds. I assume it is like buying a car without going to a driving school which will lead to an accident or hiring a driver. I can assume the crash to be a loss of funds, while hiring a driver can mean keeping your money in a centralized exchange which also has a negative consequence.

Quote
2. It gives you a stronger sense of marketing especially for those who hold for sales during bull. it will give you the strategy of knowing when to sell and hodl.
Does one really need to learn about marketing to invest on Bitcoin? The market has enough liquidity which means that you can buy or sell your coin anytime. You don't need to market your coin to sell it. All you need to do is to have an investment plan that contains the price you will be willing to buy or sell. You just have to monitor the market and execute your plan when it gets to your projections.  

Quote
3. It helps you understand the power of decentralization and it's benefits to you as an investor amongst many others.
Decentralization gives investors the power to own and control their investments. The beauty of decentralization is the freedom to invest without any intermediary or middleman.
1344  Other / Beginners & Help / Re: Knowledge to help you argue with bitcoin critics on: September 16, 2023, 08:50:27 PM
Thanks for sharing these threads; it would help newbies survive in the Bitcoin ecosystem. Often, Bitcoin investors will encounter a lot of FUD. To be honest, the FUD sometimes even scared our brains and attempted to dump our portfolio. If we don't have the proper knowledge, then we can't survive during heavy FUD. We have to learn how to face these kinds of FUD, rumours, and bad news. Otherwise, it will be hard to hold and survive on Bitcoin. We don't need too much study; just see the whole Bitcoin chart and realise where we are now and what will happen in the future.
I just scanned through the materials and found out that they contain relevant topics that will be helpful not only to newbies but to everyone. Most of the news we get from the media are designed to promote some kind of agenda.  Some politicians and economists use the media to spread FUD in the Bitcoin space just to discourage people from embracing this decentralized coin. One of the frontline a piece of news is promoting news that Bitcoin consumes more electricity and destroys the environment. Meanwhile, the energy consumption of Bitcoin is highly overestimated just for the sake of achieving their agenda. I will have to find time to read the recommended materials and I encourage newbies to check them out.
1345  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 16, 2023, 08:32:42 PM
I wasn’t surprised by Manchester United’s result in today's match, I knew Brighton would give Manchester United a difficult time, and I was even thinking the match might end as a draw, but Brighton defeated Manchester United with 3 goals to 1. Erick ten Hag has a lot to work on, his players' performances have really dropped, and Manchester United lost their last two matches, which is really bad for them. I just hope Erick ten Hag will be able to find a solution to the current problem that his team is facing.
Brighton is a good side but I never predicted that they will defeat Manchester United. They just lost a twenty-game unbeaten run in Old Trafford due to this loss. United has one of the poorest defenses in the premiership and the offense lacked quality and the needed momentum. I also think that the controversies that surround the club which affected Mason Greenwood, Antony, and Jadon Sancho is hurting the club. The ownership uncertainties are not also helping matters.

Manchester city is an outstanding club, perhaps they find it really difficult to have a thrilling winning against the hammers who were 100% ready to face city. David Moyes is listed as one of the coaches that will keep strict competition towards competitive elite teams coaches. Pep Guardiola was present in the game, that's how important and tough the game was to him, the citizens ultimate goal was to grab a win, because they needed to keep their position clear of their opponents on the league table. Manchester City are on the road path to making it another accomplishment in the English Premier League. 
I thought West Ham would at least get a draw in this game because they came out looking offensive and getting a goal. They also defended the goal for the first forty-five minutes. In the second half the magician Pep Guardiola came up with a new strategy that neutralised the potent defense of West Ham. His change of strategy produced the right result just one minute into the second half with Jérémy Doku scoring his first Manchester City goal and coming up with a beautiful celebration. But the star of the match is Bernardo Silva. The Portuguese international was just extraordinary, he scored a goal and set up Erling Haaland 86th minute goal
1346  Economy / Economics / Re: Another Coup in Africa: What is the economic effect? on: September 16, 2023, 03:09:22 PM
People of Niger just arrested the French ambassador Grin This is after another french official (possibly an intelligence officer) was arrested the other day.
It appears that the colonizers are not going to leave peacefully but they'll have to be kicked out by force.
France is looking for an opportunity to invade Niger. The new government of Niger has ordered Sylvain Itte the French Ambassador to leave the country for not honoring an invitation by the new regime. The ambassador has refused to leave. This situation is a clear indication that France still sees Niger as its colony.  Every country has the right to expel diplomats without restriction but France is pushing the new government to the wall. Even French President Emmanuel Macron is encouraging Sylvain to disobey the orders of the government. France may soon claim that its ambassador has been assaulted and use it as an excuse to launch a military invasion with her allies. But the war will not be easy because this is not the 18th century.  
1347  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: September 16, 2023, 02:14:03 PM
Real Madrid made wrong moves for not signing a significant position striker this summer, however they did settle for a crucial midfielder, Jude Bellingham who's keen on saving them in all these previous games, with his late goals stunner, he has a way to make things easy and giving hope for his new club. Karim Benzema absence in Carlo Ancelotti squad this season will definitely affect their performance interms of goal scoring. There's more missing out on Los Blancos this season, they keep struggling because their primary frontline, Vinicius Júnior is injured, others will find it difficult to play without the skillful Brazilian international who always figures out how to handle his opponents.
Maybe they are confident of landing Mbappe next season so there is no need to spend so much money on a world-class striker. Karim Benzema's absence is affecting the club but their current problem is the injury of some key players like Vinicius Jr. and Arda Güler. These two players will be available by the end of this month and I am sure that their recovery will bring the needed transformation of the team.

I think Real Madrid's La Liga victory when they were the only club without a loss for four games, shows how good they are. Even with injuries, Real Madrid has remained constant while Barcelona has fallen. Bellingham is in charge now that I've noticed, especially after Vinicius Jr. went hurt. He was great in Dortmund but more influential in Madrid. He's hardly a striker, but getting five goals in four games to replace Benzema is no easy feat. The Santiago Bernabeu game? Real Madrid is performing well and Bellingham is doing well, so I would bet on them. But relying on one player is risky
The best choice Real Madrid made in this summer transfer was the signing of Jude Bellingham. He has been extraordinary this season scoring goals and giving assists. He was also pivotal in the victory of England over Scotland. Carlo Ancelotti is already singing the praise of the twenty-year-old player calling him an important part of Los Blancos. They will be facing Real Sociedad, we will see if they can extend their wins.
1348  Bitcoin / Bitcoin Discussion / Re: Effects of introverts against successful investments on: September 16, 2023, 01:33:18 PM
This feels like a dream coming true. You found a beautiful lady and she also liked you. She even gifted you all those things plus the amount to buy 0.2 BTC. I mean wow. I think you are the luckiest person ever I have seen in the field of BTC. Well, I will not raise any objection to your story but to be honest I liked it and I very much agree with you. For example. let's say if you listen to your introverted side and do not have the courage to go to her then you might not be in relation with her today. My friend, believe me, Being an introvert is bad, I lost the person but you found her. And I am happy for you. I hope you will stay together as wife and husband.
I will not also doubt his story since nothing is impossible. This kind of love is what we see in Bollywood and Hollywood movies where people love unconditionally. These days you can hardly fined true love due to the fact that the world is now driven by materialism.  If you don't have money to lavish on someone,  then you might never find love. I also hope that OP utilizes the investment and that both of them will settle down as husband and wife. I also hope that one day, luck will also find me.

Quote
Besides that, I totally agree with the fact that being introverted and being in your comfort zone will only bring comfort to you that you have to think of. But if you want to experience a level of comfort beyond your expectations then you have to leave your comfort zone and must become an extrovert. That's 100% true. And in investment, introvert people sometimes lack communication skills and sometimes they even do not try to bargain the deal while extroverts speak openly and share their emotions and ideas openly.
You don't need to be an extrovert to succeed in business, there are so many extroverts that have failed in their endeavors. And you also don't need to mingle with friends or hand out to be successful. It is also important to note that being an introvert is not the same thing as relaxing in your comfort zone. An introvert can be active in his business or investment but the only difference is that he wants his space to think and analyse issues. He is not sociable but he can be business-minded. Many billionaires and top business executives are introverts. You might not see them in parties or other social gatherings but if you meet them in the office you will know that they are not lazy. People who stay in their comfort zone are either lazy, fearful, or comfortable the with status quo and both introverts and extroverts can fall into this category.
1349  Economy / Gambling discussion / Re: Can money be saved in gambling sites? on: September 14, 2023, 10:05:16 AM
Actually, it's okay if you save money in your gambling account for whatever reason, but we don't know what the future holds for these gambling platforms. Are you sure that the money you put in your account will remain safe? or the platform will not go bankrupt? Or can you withdraw it whenever you want? no one can guarantee this. Therefore you need to think about these things before putting money in your account for a long period of time and in fact it is much better to put your money in a crypto wallet or bank if you plan to hold the money for a long period of time because of that. clearly more secure and guaranteed.
Many well-known crypto casinos have been around for a long time. I can assume that most of them are trustworthy and reliable. But the question we have to answer is are these crypto casino banks or gambling firms? If they are designed just for betting it will be appropriate to use them for that purpose. Only money that is meant for staking should be kept in a casino to avoid unforeseen circumstances. When one gets a big win,  the best option will be to withdraw from the platform and send it to a wallet or a bank account. We have had issues of casinos disappearing with people's funds because of issues like government regulations or bankruptcy.
1350  Other / Beginners & Help / Re: Bitcoin mining is winning on: September 14, 2023, 08:27:23 AM
Some people who don't like Bitcoin have been criticizing it. They say Bitcoin mining uses too much energy and harms the environment. But often, these critics are supported by other digital currency teams that want to beat Bitcoin.

Now Imagine a game where people are trying to win by looking good and saying they care about the environment. They're playing this game in politics. Recently, in New York State, they passed a rule to stop Bitcoin mining. They say it's because they want to stop using dirty fuels for energy (Avoid Pollution). Bitcoin miners and data centers don't actually create pollution. They're not the ones causing the problem. Instead of dealing with the real issue, some politicians are just trying to score points by targeting Bitcoin.

When politicians say one thing but the facts say another, it makes you wonder why they're not on the same page. But regarless Bitcoin mining is winning. Some politicians who don't get it might complain, but entrepreneurs, investors, and operators will keep making progress.
Bitcoin mining like other economic activity consumes electricity and contributes to environmental pollution. But because of the disdain the government has for bitcoin, its contribution to pollution is exaggerated. This negative campaign against bitcoin mining is to paint it as the villain thereby discouraging people from investing in the sector. Most of the research funded by the government to investigate the extent bitcoin mining contributes to the environment is predesigned to indict Bitcoin. However, there has been increase in bias-free researches that has proved that bitcoin doesn't consume as much electricity nor affect the environment as it is was generally believed. Some of them include

Research: Bitcoin Consumes Less Than Half The Energy Of The Banking Or Gold Industries

Bitcoin mining isn’t nearly as bad for the environment as it used to be, new data shows

Bitcoin Good for the Environment As Sustainable Energy Count Rises to 52.6%
1351  Bitcoin / Bitcoin Discussion / Re: How we can sell and store crypto speacialy BTC on: September 14, 2023, 07:40:25 AM
If you are in a country that don’t is not crypto friendly but yet you as a citizen of that country is a crypto lover, the best thing for you to do is to go look for exchanges that are not restricting people from your country from using it and this exchanges can be more of decentralized as they are not licensed or regulated under any of your government agents.
OP didn't state his country for us to know if cryptocurrencies are just restricted or totally banned. If cryptos are banned it might not be a good action to engage in the buying and selling of the currency. Some nations have criminalised the trading of cryptocurrencies and violating such laws can attract some sanctions. Hence,  the safer option will be to avoid dealing in crypto until such a draconian law is relaxed.

But if you are a diehard supporter of cryptocurrencies, especially Bitcoin,  you have to master the skills of keeping your transactions secret. Therefore you have to perfect the skill of privacy. Some exchanges can also accept the use of a VPN to carry out transactions. But it will be better to use a decentralise exchange such as bisq.
1352  Economy / Economics / Re: If the global economy collapses what's the first thing you do? on: September 14, 2023, 07:11:37 AM
Honestly if you have BTC congrats !!! We are heading  into a major economic shift and I feel like when the tides are turning like this there should be a conscious effort to land on the right side of that shift!!! Am I right? What should bitcoiners be doing right now to prepare for a potential global economic hardship other than the obvious which is to hodl and accumulate as much as you can...
I am not praying for or expecting economic collapse since it will have an unpleasant effect on everybody including Bitcoiners. Bitcoin will not flourish when the economy is bad because many people will not have money to invest in it. Even if you hodl bitcoin for a long time and make a lot of profit, it will have less value if the country is going through hyperinflation. This is because after you have converted your Bitcoin to fiat, it will not have much value.

My expectation is that my country's economy should flourish and let the price of Bitcoin keep rising and let adoption keep spreading. With less inflation and the rise of Bitcoin price, hodling will make a lot of sense. When more people adopt Bitcoin, the decentralization feature such as P2p will increase.
1353  Bitcoin / Legal / Re: Faruk Fatih Özer, founder of Thodex found guilty sentenced to 11,196 years on: September 13, 2023, 01:30:21 PM
The fraudster received a long prison sentence, but why does no one ask the question where is the 2 billion dollars?
If the fraudster voluntarily returns the stolen money, then the period can be reduced to 100 years. In fact, there is no difference between 11,000 years and 100 years, if the fraudster did not spend a billion on the elixir of life. But most likely he was also deceived Smiley
My heart goes out to the parents of these siblings. It is assumed that they have lost three children because they will die in jail. I see this sentence as harsh and inhuman.  I am not supporting criminal activities or defending them because what they did is inhuman and lives were impacted negatively due to this fraud. But how many politicians have been sentenced to this long jail term? Politicians who steal massively from the people receive lighter punishments. In my country, they are even given more appointments because they have the right political connections.

I suspect that the main reason for this long jail term was because he fled to Albanian after the collapse of Thodex. If he had handed himself the police after the fall of his crypto form, he would have had a locus standing to make his claim that Thodex was not a scam.
1354  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: September 13, 2023, 11:45:02 AM
With the way Kai Havertz has been struggling ever since he won champions league with Chelsea, he has been a shadow of himself. Moving to Arsenal was the big break he needed and some football fans were expecting to see him at his best, working the magic he used to do at Chelsea, some even regarded him as the next Mesut Ozil.
But at this rate, he is still finding himself and hasn't lived up to expectations, even Arteta hasn't figured out the perfect position to play him. Since he can't fit in upfront or the wing, can he be a worthy replacement for Granit Xhaka? Or will Kai Havertz be content to live in his shadows?
 Another thing to notice is the way Arteta is always starting him in every game, is he trying to build Arsenal around the player?
Kai Havertz is performing below expectations after much was spent to bring him to Arsenal. He has started all four games in the premiership but has failed to make any impact. Everyone expected that playing in a quality team like Arsenal would bring out the best in the striker but this is turning out to be untrue. Arsenal paid about £65m for the player and Mikel Arteta will have to give the player the needed support and opportunity to justify his signing. He is not a worthy replacement for Granit Xhaka because he is not physically strong. He can't be aggressive and push attack like the Swiss professional footballer. Arsenal has to be patient with in,  hopefully, he might rediscover his prowess.

Arsenal team is definitely the favorite in this match. There is no doubt about it. And now the team is in very good form. Even then it is impossible to make sure predictions about the outcome of football matches. Anything can happen on the field. Even though Everton is a weak opponent, it cannot be said that they have no chance of winning. However, in the form Arsenal are in, the chances of them dropping points against Everton are slim to none. If Arsenal perform carefully, and do not make any big mistakes on the field, they are unlikely to lose points. But the defense must be kept strong. Arsenal lost points against Fulham due to poor defence. Fulham were weaker opponents but the match was drawn 2-2. That's why I say 3 points against Everton is unlikely if the defenders perform poorly.
Everton showed a lot of improvement in their last game against Sheffield United. They got the first goal and went down to two goals to one. But they fought hard to get the equalizer and secured the deserved one point. Although they have lost three last games before the draw, they can still surprise Arsenal. The Gunners is a good side but they have to be careful because, in the game of football, anything can happen.
1355  Other / Beginners & Help / Re: Another reason and proof to keep funds in your wallet not in an exchange on: September 13, 2023, 09:53:39 AM
Although this has not happen to our exchange where we put our funds for a long time, this should prove that its not safe to be there for months or years, you have to secure your money, or tokens/coins to your hardware wallet, or electrum wallet etc since you have full control unlike CEX.
Earlier there is a news that Coinex have been hack, where the hacker transfer and drain the wallet, with ETH, Polygon, Tron etc, i think this is the first time this exchange has been hack, i say i have coins there but no value, but if you have lots of eth and others thats is a major concern, since we don't know if they can refund the loses.
so to be safe store your bitcoin and other coins to safe wallet, like hardware wallet etc.
this is the link of the news :https://cointelegraph.com/news/coinex-crypto-exchange-suspected-hacked-crypto-moved
Lack of knowledge about wallets is the reason why some people keep money in exchange. The first person who introduced me to cryptocurrencies introduced me to a centralized exchange. It took personnel studies for me to know that decentralized wallets exist. Keeping funds in a crypto exchange is more riskier than keeping it in a traditional bank. They will always give you reasons why exchanges are important but nothing is as good as having full control over your finances. CoinEx has claimed that the funds lost from this hack will not affect customers' deposits because the funds they have in their reserves can compensate all the victims.
1356  Bitcoin / Bitcoin Discussion / Keeping or recovering seed phrases during or after a natural disaster. on: September 13, 2023, 07:22:31 AM
The increase in the rate of natural disasters such as earthquakes, flooding, wildfires, etc. has got me thinking of how safe my seed phrase is when I store it physically. The recent wildfire in the US nearly destroyed the entire town of Lahaina, Hawaii. The recent earthquake in Morocco almost wiped out the entire region of Marrakesh. In Libya, the flooding devastated the entire city of Derna.

I have learned in this forum that it is not safe to keep or save your seed phrase online, on the phone, or on the computer. We are also advised not to keep them with third parties because they can be stolen or accessed by anybody. Rather it is better to write them down and keep them in different safe locations. Another option is to write it on fireproof and waterproof material like steel and keep it safe.

My problem is that these natural disasters happen without warning signs. Recently we just woke up to see that our entire neighborhood has been flooded because of the collapse of a dam in the neighboring country. The earthquake in Turkey, Syria, and Morocco,  and the flood in Libya were impromptu and everyone was only concerned about saving lives and nobody cared about personal belongings like seed phrases. The destruction caused by these disasters is so widespread that it could destroy all the safe places where you safely kept your seed phrase. Recovering these seed phrases saved on disaster-proof materials after a natural disaster is somehow difficult because recovering them with machines like escalators and other earth-moving machines will be close to impossible. In the case of flooding, these materials would have been washed away into rivers or sea.  

I know that the security of our wallet is very important that is why it should be personal. I have heard of saving encrypted seed phrases in the cloud or online personal files. I know this is also risky but is there any means of saving my seed phrase safe from these natural disasters? That could atleast give a Bitcoiner access to a wallet after the loss of seed phrases during or after natural disasters.
1357  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: September 12, 2023, 01:08:22 PM
Arsenal are preparing steps to extend the contract of their captain, Martin Ødegaard, in the near future. If we look at his contract ends in 2025 and that only leaves 2 seasons from now for him to stay at Arsenal. Of course, Arsenal does not want to lose the services of this player from Norway and wants to immediately extend his contract so that no other top European team dares to touch him. As a creative midfielder, we know that there will definitely be a lot of interest and also abundant offers from top European teams to sign Martin Ødegaard. That is why Arsenal must immediately discuss a new contract extension so that the player is more comfortable staying at the Emirates Stadium.

Source: https://twitter.com/FabrizioRomano/status/1700490268049379701
He has been the brain behind the strong midfield that Arsenal possess.  He is a good ball controller and one of the best pass-givers in the premier league. The club will do everything to keep him on Emirate for a long time and his  £115,000-per-week wage will increase to match other top earners like Kai Havertz, Gabriel Jesus,  Bukayo Saka, Declan Rice, and Thomas Partey. If the Gunners fail to give him a lucrative deal, many clubs will be willing to sign the Norwegian midfielder. If he is also allowed to play this season without a new contract, Martin Ødegaard will leave the club as a free agent next year.  His exceptional quality and his sound leadership qualities will make him difficult to replace, therefore Arsenal will do everything within their power to keep him.

Hansi Flick was fired as Germany coach after the humiliating defeat against Japan. For Germany's next match against France in a friendly match, the German Football Federation (DFB) will show Rudi Voller.
Regarding Flick, perhaps many of us have heard this news.

It seems that Germany's performance has indeed looked bad in recent years. After failing at the euros and switching to Flick 25 games, Flick "only" won 12 times. I think his dismissal is quite rational. In addition, losing 4-1 to Japan was a nightmare. Germany rightly played badly. There are rumours Rangnick is ready to replace Flick and the German may also make an offer for Klopp.
Germany is is well respected national team with a reputable history. But their performance recently is clear proof that something is wrong with the team. Hansi Flick deserved to be sacked because the team's performance was reduced and this disgraceful loss against Japan broke the camel's back. However, the German Football Association should look for a new coach who will restructure the team and identify young quality players.
1358  Economy / Gambling discussion / Re: Betting Features on any Banking or Financial apps should be Removed on: September 12, 2023, 12:07:22 PM
I noticed something lately. Although it has been there for a long while but the time I have spent on this board is making me see things. I do not know if this is how it is in other parts of the world but I noticed that in my banking app, there a betting feature where the user can place a bet on any match directly from the app.
I have never seen any gambling promotion in my banking application maybe this is because it is not an online or digital bank. I have observed that this ads are popular with these new generation digital platforms that want to also raise revenues from these advertisement. Digital bank users can easily become gamblers that is why these casinos pay heavily to advertise on these bank platforms..

Quote
Honestly, I hate it and I think that this feature should be removed so as to protect consumers from potential harm promote responsible financial practices and maintain the integrity of financial institutions. Bodies in charge of betting regulations should start here by establishing guidelines or restrictions prohibiting betting features within banking and financial apps. My submission is that betting features on any banking or financial apps should be removed to discourage compulsive gambling and irresponsible gambling. Do you agree with this perspective?
In my country, you will have to be an adult to own and run a bank account. So most of these bank users have reached the age of gambling,  hence I don't think they are exposing these adverts to underaged citizens. But I also agree that showcasing these adverts on a bank platform can lead to gambling addiction or unplanned gaming. Nonetheless you don't have to rely on the government or regulatory agencies to help you control your gambling activity. If what triggers your urge to gamble is advert you might become a gambling addict because these adverts are almost everywhere. Just in my street of 20 houses, you can find close to 10 bold banners advertising a casino.
1359  Economy / Gambling discussion / Re: How Do You Manage Your Adrenaline Rush In Gambling? on: September 12, 2023, 11:35:50 AM
So How Do You Manage Your Adrenaline Rush In Gambling when you lose your bankroll but the adrenaline rush is still too high, people who cannot control their Adrenaline Rush are often people who commit the mistake of chasing their losses and adding more funds to their account, amount that usually they cannot afford to lose.
The feeling to over gamble always reoccurs especially when you have the drive to chase losses. I control my adrenaline rush by looking at my gambling plan. My financial plan will make me control this drive because channeling funds budgeted for another reason to gambling will lead to lack and want. The plan will also put me in check and help me control the urge to bet more. I also channel my attention to other areas that interest me to kill the drive to go beyond my gambling budget. Playing computer games is a good alternative to gambling for me.
1360  Economy / Economics / Re: Teaching My Nephews About Wealth Through the Game of Monopoly on: September 12, 2023, 10:53:13 AM
Zeitgeist - Moving Forward (Monopoly game) - https://www.youtube.com/watch?v=xzau4Z_lfJY

In the end, everything goes back to the box! I like this version because life is more than just the economy and more money in the bank account. And I know we all need money, and now I have two little kids and I teach them about money and life and everything else, and... we need some balance, I am trying to find that balance and teach my kids to have it as well. Too much of anything is never good... but it's hard to realize that, even harder to teach someone else about that.
Your words have enlightened me. Children shouldn't only be exposed to making money through diverse means like the game of Monopoly. We all know they need these financial skills to be financially stable in life. But we should also invest time in teaching them about human relations.  They should learn about compassion and empathy. They should know that money is not everything in life. There should be a balance between and family life. They should learn to freely give to society because everything is not about making money or profit.

Teaching kids about money through the game Monopoly is a good idea. Monopoly is a fun & engaging way for children to learn budgeting, saving & making strategic financial decisions. It teaches them about the importance of managing their finances, making investments & dealing with unexpected expenses. I guess it encourages critical thinking, negotiation skills & understanding the concept of risk and reward. It’s a great tool to introduce children to real-world money management in an enjoyable & educational way.
One of the resounding benefits of exposing children to the game of Monopoly is to teach them how to control their emotions. I could remember my early days playing the game when I was younger. I would usually weep and feel very sad when I lost an opportunity but as I kept playing, I started becoming emotionally mature. This can also be applied to real-life business.
Pages: « 1 ... 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 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!