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1381  Economy / Gambling discussion / Re: Advice for new comers on: November 06, 2023, 10:16:39 PM
The most important advice is that if you don't want to lose money, then stop or don't start playing crypto gambling at all, because whatever you do, no matter what techniques, skills, or luck, losing money in gambling is inevitable. And if your purpose in playing gambling is to earn money or if you rely on gambling to have money, then stop also. Gambling is gambling; no matter what you do, you will lose some money.

But if your purpose is to have fun and entertainment, then go play gambling, and if you really want to do crypto gambling, then we can't stop you. It's just a warning; learn to control yourself and discipline because without that, you could get the most common problem of a gambler, "addiction," and I know you know what it will cost you if you fall into that situation. So if you still continue, then gamble moderately; as they said, gamble only the money you can afford to lose.
1382  Economy / Trading Discussion / Re: Crypto or Forex? on: November 06, 2023, 01:54:57 PM
There is not much of a difference between the two, Forex gave birth to cryptocurrency in terms of its idea, both can be profitable and you can lose as well, however, it depends on the one you find more profitable trading, you can engage in both just that when it comes to trading cryptocurrency, spot trading makes it more convenient to trade and invest cryptocurrency, in the sense that you can own the asset.



Forex gave to what? crypto currency concept? I disagree with you about that; trade is being done and used even in the past, or old times. The form of bargaining, or such, forex and crypto currency trading are totally different; they are similar to the concept of "trading". Forex and crypto currency trading take on the idea of "trading". So how can you say forex gave birth to the idea of crypto currency if forex itself only takes the form of trading from what we are doing every day?




Forex and crypto trading are both good in terms of earning; it just depends on how efficiently you trade. The profit will depend on the skills and experience of the traders, but for me, I'm more into crypto. I do both; it's just that I'm more into crypto as I'm more expert and familiar with that field. To wrap it up, I don't judge by what you've said; it's just that you got the wrong idea of what forex and crypto currency are.
1383  Bitcoin / Bitcoin Discussion / Re: Bitcoin Solves This - Money and Banking on: November 06, 2023, 01:08:19 PM
In the creation of Bitcoin, and its emergence and popularity, Bitcoin solves the problem of the unbanked.  That is the major thing that I observed.  Previously unbanked are unable to participate in global economic activity since most of international money transfers needed banks or centralized financial services to process, the unbanked had been outcasted on these activities but with Bitcoin, they are then given the opportunity to participate in global trades and other international economic activities.

But I want to ask you one thing, if you don't have a bank account then how can you buy bitcoin? That is the crux of the matter and is equally important. Besides using bitcoin for investment, what can we use bitcoin for to help us participate in global economic activities? Or you use bitcoin to transfer money across borders but then if you don't have a bank account, how can you convert bitcoin into fiat so you can spend it? As long as bitcoin is not recognized as a currency, it is difficult to completely replace the role of banks and fiat currencies.
Yes, I agree with you. Even though bitcoin is a powerful currency and has a lot of advantages and opportunities, it still can't demolish the banking system in the world or the fiat system. I'm not against bitcoin; in fact, I'm into it as it gives me a lot of opportunities, and I know how big the potential of bitcoin is. But you are right, as long as bitcoin is not being released into the main stream or isn't publicly recognised by many people, we can't replace banking and fiat, as banking and fiat play a huge role in the economies of the world and a certain country. And also, crypto or bitcoin cannot be controlled by anyone, so it's more likely hard to implement it as we will need to make a lot of adjustments, and of course, with this complex technology, bitcoin still has a long way to go, but I look forward to that.
1384  Economy / Gambling discussion / Re: Sports betting online courses? on: November 06, 2023, 12:24:06 PM
I just came across another topic about how to start betting on sports, and as I was reading and researching, I came across something that suggests considering taking online courses on sports betting, aside from reading books that provide in-depth knowledge and strategies to improve betting skills. Is it true that such offers are available on the Internet? Are there any free options?

I have tried betting on sports a few times, but I know there's a lot more I need to learn and understand. Has anyone here encountered such courses or have any knowledge about them?

I know I could search for this information, but I'd like to hear your answers or opinions directly. Thank you.

For me this is somehow funny and it's also the first time I have heard of such thing before because I haven't come across such thing, I mean for gambling is something I do because I actually want to feel that winning experience to something I already love. Just imagine someone actually taking lessons on how to play sport betting when you have no idea whatsoever about soccer or any other sport that you can actually predict and gamble on.
And I believe gambling on sports is based on luck so I don't any course that you will read or take part on will actually guarantee you success if you actually get to use the stuffs you have learnt from the course.

Funny right? I mean, we can't judge his intention; maybe he just wants to learn a lot about sports betting and is determined to learn it for the sake of profit, but I don't think there are online courses about sports betting. Okay, let's say this in a simple manner. Sports betting is a game where you place a bet on your chosen sports. Example NBA, basketball, you will bet on a team you think will win, or in a player with different condition like, this player will make this point, something like that. So, do you think it requires online courses? No!!! You just need to have a common knowledge about the sports or the players. It will be more advantageous if you have a particular sport of which you are a fan, like NBA basketball. Then it would be easy for you; you don't need to spend money or waste time to have an online course on something that is impossible to predict. We can't predict what will be the outcome of a game; sports betting, or rather gambling, depends on luck, probability, technique, and skills.
1385  Economy / Trading Discussion / Re: Binance is Rolling Out Copy Trading? on: November 06, 2023, 08:22:06 AM
did Binance just announce they're finally jumping on the copy trading feature? I mean, kudos to them for catching up, but seriously? Copy trading wasn't a thing on Binance before this? I genuinely thought Binance had this feature ages ago.

But hey, better late than never, right? Now that Binance is stepping into copy trading, I'm curious: Who was actually the trailblazer in bringing this concept to the spot market?

If we trade our money through Binance there is no possibility of any loss of our money. Binance keeps our money 100% safe. I love this transaction through Binance. I do my own transactions. It is very reliable. I personally think it is nothing but a form of foolishness if I allow someone else to manage any of my own assets. Of course I should always be careful with my own money or wealth. Being reluctant to do so will do nothing but harm to myself. So it is wise to be careful with one's money.

Well, it's a choice if you want to do copy trading, as it is only an additional feature offered by Binance. and I agree with you that some traders don't want to use this feature, maybe because they don't want to trust their money to anyone. But copy trade is a well-known feature for most trading apps, and it is a realible feature, especially for beginners in trading. But of course, you can't just use copy trade recklessly, as you still need to consider things like equity and the funds your account has. For example, your trade will not be forced to close due to too much downtrade; if you have enough equity, then it will not happen. But if you do copy trade and the one you follow raises too much leverage beyond your equity's capability, then it is bad news.

In short, copy trading is a good feature to be added; traders will have more options to earn through Binance.
1386  Economy / Gambling discussion / Re: Should Casinos Sponsor Sites That Deals With Gambling Addiction on: November 06, 2023, 05:19:20 AM
Casinos doesn’t give a damn regarding the addiction. For them addiction and addicts are like bonuses who spend millions of dollars in their casino. They will do promotions where they have the potential to attract more customers. They won’t do these noble tasks to sponsor Gambling addiction centres or sites. We can’t blame them also to be honest, as we are the ones who needs to control ourselves and gamble responsibly.


On point! Why would the casino have a concern for other people? They are just there to earn; they are just doing their business. If someone gets addicted, it's not their fault at all. And I agree; I don't judge them, but people getting addicted to their platform and gambling recklessly is a bonus to them. That's the sad reality: business is business; they don't have a damn concern for who's playing their platform.

Gamblers are the ones that choose to gamble and play on their platform, so getting addicted is made by themselves as well, so don't give the idea that casino platforms are at fault for this issue. There will be no addicts if they choose not to. I don't like the idea that many people think that casino platforms, either online or offline, are the cause of the addiction, but it's not they who choose that; if they suffer, then let them learn their lesson.
1387  Economy / Gambling discussion / Re: Do you guys believe in other people luck and try to copy them? on: November 06, 2023, 01:30:38 AM
As long as you will not blame the one you copied for the bad result, you will see if you are following or copying the bet setup of someone. What if it goes bad? Will you blame that better? Even if you do, it's not their fault; it's you who are copying a bet. And what if you can't copy the bet of someone? Let's say you have limited funds to bet. In short, it's not always a good idea to copy someone's bet; don't rely on them, and don't put your luck into others because we all have our own luck.

But of course this is just a piece of advice, so it's still up to you if you want to keep copying others; if it's beneficial to you, then continue what you are doing; if not, then stop it; you will only put yourself in a bad situation, which of course you choose.
1388  Economy / Trading Discussion / Re: Must Read: Scams disguised as premium signal groups/channel on: November 05, 2023, 10:40:59 PM
I once encountered this situation when I was a beginner in trading. I used to follow a lot of telegram groups to follow signals, and some offered paid signals if they gave free signals that were cheap or of low quality, some just randomly gave signals without basis, and the worst was some asking for your account, saying that they would handle it and that they were the ones who would trade for me. At first glance, as a beginner, you will be struck by the eye-catching and ear-pleasing promises about how much you will get if you invest in them, but in reality, there are more scams than real ones. That's why I stopped following signals and honed my own skills and experience so that I would not rely on scams scattered around, so avoid telegram groups; there are more scams than legit providers there. Even if they give free signals, don't just follow them; analyse them first to see if they're valid.
1389  Economy / Gambling discussion / Re: What's the best advice or should I just let him on: November 05, 2023, 10:14:18 PM
I don't think the old man is addicted; he is just doing what he likes and what makes him cope with loneliness. As you said, he is a pensioner. I don't think that he will spend all the money he has, especially since he is alone now. He is just enjoying and entertaining himself; it can't be helped. But I get why you are concerned; he is old and alone. Maybe you could talk to him often or play with him the gambling games, such as card games or such.

Well, its good that you show concern over the old man, but I think it is not a good thing to force him to stop or to limit the old man, as I think the old man knows what his limit is. Just be there and watch over the old man and let him enjoy what is accompanying him. Just gambling is more popular with old age, and it is incredible that he is updated to online gambling; it is convenient for him.
1390  Bitcoin / Bitcoin Discussion / Re: What is your one memory related to Bitcoin that you want to forget? on: November 05, 2023, 01:50:53 PM
There are two memories I want to forget, or, let's say, regret the most. First is the common problem of sending bitcoin assets. What happens here is that because of careless action, instead of sending the bitcoin to my other wallet address, it turns out my wallet address is wrong; it has a few missing letters in the end, which results in losing my asset. But thankfully, it's not that much, but I still want to forget about that mistake. Send is trading in bitcoin. What happens here is that I trade bitcoin while I'm drunk. I don't know why I did, but maybe because of the influence of the alcohol. I see the trade bright red in the morning, and my reaction is slapping my face or face palm. Instead of hoping that it will recover, I close the trade. And that is the most dumbest mistake that I want to forget in relation to bitcoin.


1391  Bitcoin / Bitcoin Discussion / Re: Is it the right time to invest in Bitcoin? on: November 05, 2023, 12:02:06 PM
Well, I think this will depend on the investor. Many will say that it is the right time or that yes, you can invest in bitcoin anytime. Some will, of course, disagree, etc., so I think it's okay that you can ask the opinions of other people, especially in this forum, but of course the decision will still depend on whether the investor will continue investing. I think before investing, the investor should of course consider a lot of things, like whether he can invest in equity or if the market shows an opportunity to buy bitcoin and such. In short, there are things to consider before you can say that this day or this time is the best time to invest.

If only investing, then every time is the best time to invest, but if investing aims to earn, then an investor should do research and analysis first if the market shows an opportunity, and that depends on the technical analysis of the investor itself. What I'm sure of is that it's still not too late to invest in bitcoin.
1392  Economy / Gambling discussion / Re: My $50,000 betting goal by 2024. Share Your Thoughts With Me. on: November 05, 2023, 10:53:40 AM
I never set myself any goals in gambling. Of course, like any other gambler I wanted to win a large sum and I succeeded, but the goal of $50,000 is quite a high bar for annual earnings, especially when you consider that winning in gambling is not guaranteed and depends heavily on luck. In my country even to earn such money in a year is quite difficult, what to speak about earning this money on gambling.
If someone is determined enough to do this then you best believe that they will be able to do it, nothing wrong with believing in them because at the end of the day, it's their money anyway and it's not like you're going to be the one that's losing them so just cheer for OP and hope that he will be able to get to that goal. Also, I don't think that OP is going to be losing that quickly or won't be able to reach his goal because OP said that he's betting so the loses might be minimized especially if OP know what team he's going to put his money in.

Now in the subject of how OP plans to achieve this 50k betting goal, I advice you that with all that you're planning to do, it's always a safe choice to do the safest bets, those that will guarantee you win should be the pick no matter how stacked the odds is on the other team, that kind of scheme by betting services are designed so they attract risk takers that want to take chances on the likely to lose side.

But it also means he will bet not for fun or entertainment. I admire the goal and the plan the OP states. Its great because he will not just set a goal and have no clear plan on how he will achieve that goal. The OP thought carefully and suited the plan for himself, but what I am concerned about is that because he set a goal, in every of his bets he has that anxiety, afraid to lose the best as he has a goal. It also means he steps aside the fun part of gambling or betting. But of course it's the OP's choice and decision. I hope he achieves his goal, but I also hope that he will not be too focused on his goal. It's okay not to fully achieve the goal as long as you earn more throughout the year, as your goal is quite high. Anyway, best of luck to the OP. I just want to remind you not to forget about the fun part of gambling.
1393  Economy / Gambling discussion / Re: Have your own casino. on: November 05, 2023, 08:42:55 AM
Dreamed about having your own casino? Yes, as a gambler, particularly in online casinos, I dreamed of having my own online casino. First, because I like gambling, I like the different games that are fun to play. But as I said,  I don't often go to physical casinos, and I'm not a fan of crowded places. Second, I want to have my own because you can learn a lot, but it depends on how I manage the casino.




Why did I stop dreaming about that? Because for me, it is impossible for me to build such a thing, yes, I can make a website, programme games, and build my online casino, website, or application. But the thing is, it's not that easy. Others are right; you have things to consider before you can build your own—financial, capital, management, etc.—and I only know about programming, so I stop dreaming, and eventually I realise that it's just a dream. At my age, I just want to play an online casino.
1394  Bitcoin / Bitcoin Discussion / Re: What if the second Satoshi appears? on: November 05, 2023, 07:09:36 AM
First of all, there are a lot of blockchain technologies out there and many coins, or what we call "altcoins," but why are people still into bitcoin? It's because without the bitcoin that Satoshi builds, there are no other coins or altcoins. In short, all altcoins are based on the technology of bitcoin; they rely on it. For example, all altcoins can be affected by the price movement of bitcoin, and I guess you all know that.

If, for instance, there is another technology that surpasses bitcoin, then I think people will still be in bitcoin because it's not easy to let go of a technology that offers a lot of opportunities, and as long as it is useful, I know bitcoin will never be replaced. There are a lot of possibilities as technology advances in the future; we never know; we can't predict the technology, and that is the most exciting part of it.
1395  Economy / Gambling discussion / Re: Out of curiosity, how much you wagered recently? on: November 04, 2023, 11:57:05 PM
I think my highest amount I bet is in sports betting, and the amount is $300. The result is that I won that bet thankfully, but that is the first and last time I will bet that much because I can't take the anxiety of what will happen to my bet. It's not that I got afraid, but I'm more careful now. To my next bet or stakes, I only limit myself to $100 every session or in one bet. That's it, nothing more, nothing less. It's more like my limit and boundary. I set this limit to minimise my gambling spending and it has proven to be effective because, as I monitored my wins and losses, I saw that I earn more than what I lose, which is a good indication that having discipline in gambling is much better.

I have friends that spend quite a lot of money on gambling, mainly sports betting. As they are fans of the NBA, they spend a lot on it. And they don't track their wins or losses, but I think in a day or a game in the NBA, they can spend around $200–300, which is a huge amount.
1396  Economy / Trading Discussion / Re: Tips to Follow traders/scalpers (who use Stop Loss) on: November 04, 2023, 11:13:48 PM
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing.

As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.



I agree. I don't recommend following signals from other people, as many of them tend to offer services for a fee, or if the signal is free, the quality of the signal is cheap, which is why I don't recommend following and relying on signal providers. If the OP wants, he can use Etoro, which is copy trading. You will just need to select the traders you think are trustworthy and, of course, have a good record in trading in crypto.


If you, for instance, follow signals, I still think that it is not suitable. Why? What if that signal requires a lot of equity and the trader has only a limited amount? In short, there are a lot of things to consider before you can follow and fully utilise a trading signal, so it's much better to rely on yourself, who is fully equipped with knowledge and skill in trading.
1397  Economy / Trading Discussion / Re: The most risky adventure you must avoid on: November 04, 2023, 10:37:46 PM
It's a known fact to everyone that risk is directly proportional to profits. The more risk we take the more profits we get.
But the wise one knows which risk is worth to take it and I guess that's where many fail.
We should know whether the risk we take will be fruitful to us and things won't go very bad if we fail.
I guess that's what OP means when he says "calculated risks".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.
1398  Economy / Gambling discussion / Re: Conclusion after losing millions! that games are rigged. on: November 04, 2023, 09:45:48 PM
People thinking that casinos are rigged is a common misconception, and casinos are guaranteed to make huge profits without cheating. Moreover, there is no real evidence to support that casinos are cheating and many gamblers lose a lot of money and accuse them of being cheated by casinos when in fact they do not accept the fact that it is one of the real risks in gambling.
Gambling is luck and luck is unpredictable. So bet moderately and for fun, sometimes today you are unlucky, tomorrow there is a chance to be lucky.

True, I agree with you. The real problem here is the OP. Let's say this: if he suspects that the casino is rigged, then why does he keep betting? Even raise the stake? The real problem is that he keeps on betting and betting because he's desperate for winnings. He thinks that betting more money and betting more sessions will give him a win, but in reality, it's not. Slots are all about propability and luck; the OP just doesn't think carefully before spending and betting.

There is no evidence that online casinos are rigged; if it is, then they should not be permitted to operate online because they will adhere to the rules and laws; it's a processor to which they will get a permit, and I'm sure they have checked if their system will cheat or be rigged. It's just that the OP finds something to blame, but the truth is, he should blame himself for excessive betting. If you know you are losing too much money from that start, then as a responsible gambler, you should stop. You should know your limits, but the problem is that OP is an irresponsible gambler.
1399  Economy / Trading Discussion / Re: If you had AI day trade bitcoin to make profits on: November 04, 2023, 03:12:41 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

You just repeated what the others say, and in fact, your statement is only on loop, meaning everything you've said is the same. I don't know if you know what you're saying; I think you just copy what the others say and say it many times with a different approach. If you don't know what the topic is, then don't post at all.

Anyway, to answer the question, I guess trading using AI or AI trading in bitcoin is still not realiable. I mean, there are trading bots out there, but it is not proven that they can always give profit, or, let's say, there is still a large margin that trading using AI will fail or result in profit loss. Let's put it simply: AI trading will trade based on the information inputted or programmed into the AI, and as we know, the bitcoin price is volatile, which means it can move differently each second, minute, hour, or within the day, so there is no definite pattern. And as AI relies on its data, if the AI doesn't recognise the price movement and other patterns, indicators, and analyses, then it will not function well; it will not do trades that will guarantee a profit.

I guess relying on AI trading is still not a good idea, unless someone could develop a robot to efficiently trade at any time and in any situation.
1400  Economy / Gambling discussion / Re: Nigerians spend $975m daily on online betting on: November 04, 2023, 01:50:35 PM
It's worrying that so many people in Nigeria gamble. If they're addicted or trying to make money, it could be bad for them.
People in Nigeria don't earn a lot, but they spend a big amount on gambling. The government needs to control this to protect them. They could do campaigns to tell people that gambling can be dangerous.
This might help them make better choices and avoid problems. telling them understand the risks of gambling is important to keep them safe.

But based on the statement in the OP, they gamble daily, which means they have a means of earning, so they are able to gamble every day, which means they have something that they do to earn. I don't know, I don't want to judge, but based on the percentage, maybe they are the people that are reachable. Of course, even the Nigerian country has rich people, so I think they are the ones that can gamble every day. If not, then we are not sure how they have money to use for betting.

Even if the government raises a campaign or such, they can't stop people from gambling because the decision will depend on themselves. Unless the government bans gambling activities, that is the most effective way to stop people from gambling, but another problem will emerge: there will be a lot of illegal gambling cases. In short, we can't force them to stop gambling, but yes, we can do our part or the government's part by raising awareness.
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