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1401  Other / Archival / Re: No panic while holding my Bitcoin on: June 15, 2023, 04:35:38 PM
Holders somehow don't panic when they don't have plans to make their 1BTC become 2BTC. The idea why some would panic is because they know what could happen in the next 2 to 3 weeks like BTC price could ge dip to $20K.

Given this information, one holder would mind holding still for they know that BTC will always rise even after years of holding but to some holders, they see this an opportunity to simply sell at $25K and then buy back at $20K. Call it panic but I see it that way.
1402  Economy / Gambling discussion / Re: Ambivalent attitude to gambling on: June 15, 2023, 03:31:15 PM

Reason 1: Perception of risk
One of the main reasons is the perception of risk. Certain forms of gambling, such as sports betting and casino games, are perceived as high-risk activities that can lead to significant financial losses. On the other hand, lotteries are seen as a relatively low-risk option, perhaps due to the low ticket price and their legality at the government level.

Something is not right from the start. Why are sports betting and casino games even more high risk than lotteries when you don't even have 1% chance of winning on lotteries?
It must be a chance of winning that is to be explained than the price of the ticket when we talk about risk. But it could be because government represents lotteries giving back money to foundations. I think the attitude toward gambling products varies for each person, I think when you grow up in a suburb seeing your father work from 9-5, you would not waste a dime even on a lottery.
1403  Bitcoin / Bitcoin Discussion / Re: Stop stressing kids with bitcoin on: June 15, 2023, 02:53:32 PM
Finally a fellow soul in a question regards kids and Bitcoin. I am also against teaching kind about Bitcoin in purpose. I feel seek when I see people want to recover their lost opportunity to earn by teaching kid early as possible about Bitcoin.
 
I dont think kids have anything to do with Bitcoin at their age and most of our advocacy is to encourage parents to rather hold assets for their kids and dont border the with the hostility that accompanied bitcoin by learning it or teaching them about bitcoin at their young age.

Quote
First of all this is stupid, because current Bitcoin price will never drop to hundred dollars and kids wont be able to turn invested 100 into 1,000,000. Second, let kids to what they want. Parents should only monitor what they do and help, motivate and support what they found they are interested in. They have a full life ahead, and plenty of time to learn about Bitcoin, crypto, or whatever they want, but their childhood time is limited.
Bitcoin doesn't necessarily need to drop back to a few hundred bucks just to give the advantage of the long term since buying and holding at the current market price can still give a good return on long-term bases.


On-time limits for childhood that is correct and since that kid's time is for play and nothing serious then we have to give our kids the opportunities to fully explore their talent at that age and when they're big enough to decide for themselves we can now introduce them to bitcoin and if they pick interest in it then we can encourage them to learn more and get involved with the whole market activities.

Somehow parents are always going to control the mind of their kids as much as possible parents want to have the highest level of influence on their kids and for that even at their age the parents introduce them to what molds the mind.

You don't want your kids to become a carpenter when they grow up while you are a renowned local financial advisor, do you?
Can't really blame a parent for introducing BTC as early as possible. A fruit couldn't fall far from its tree.
1404  Economy / Service Discussion / Re: Exploring Decentralized Exchanges (DEX): Advantages and Challenges on: June 14, 2023, 05:31:32 PM

Uniswap or those DEX that's orderbook type are good as long as they don't need KYC, I think this KYC is among he criteria in considering a exchange a DEX. Same problem til today with liquidity on them and even the tokens that you wish to invest are not in these DEXes.

There are wallets today that you can swap or trade already I think Electrum, Mycelium or even the Trust wallet already has this feature which you can consider it a DEX inside a wallet.

1405  Economy / Economics / Re: Rent or buy real estate - let's have a debate on: June 14, 2023, 04:51:49 PM

What you mean by BUY is looking like taking a loan from bank which is really not the kind of advisable if you are not sure whether by the next 10 years you will still have a good paying job.
When you  own property by the way you get attached to the place as well. You may not be able to move somewhere else unless you sell the property.

If I have to buy, I would buy the property in cash, nothing to pay for afterwards, no bank loans too.  If I have no plans to stay in the particular place. Renting will be the better option.
1406  Economy / Gambling discussion / Re: Are you guilty of promising not to gamble for specific days but back next day on: June 14, 2023, 04:09:03 PM
I did it many times back when my addiction is very high, I promise not to gamble after I lose a big amount I even swear that I will not, but the following day I'm back even promising to be better and not lose a big amount again.

How many of us are guilty of this?

I think there are many gamblers who are very much guilty about this especially if they are quite near into addiction, recognizes it, and wants to change for the better. However, sometimes people fall short despite the efforts and the willingness. So they get back in their old gambling habits after saying they won't be back to heal and change themselves. Some even experience relapse which is a serious matter for those who want to stop gambling for good. Leaving gambling behind is possible if there is enough determination and discipline involved. But of course, this won't be enough especially if you already have dependency and strong craving to gamble. Professional help and intervention is needed in order to totally quit and start anew.

Leaving is possible if you really can fight it. When gambling becomes your daily activity already it's normal like you unconsciously visit a crypto casino whenever you browse your phone.
I'm sure I'm not just the only one who has this issue. Sometimes even a boxing match is not really as interesting as the popular fighters, I'm interested to know who won.

I think it's good to feel the guilt. That means you still feel sorry for it.
1407  Local / Nigeria (Naija) / Re: Africa needs peace in Ukraine and Russia. on: June 14, 2023, 03:57:01 PM
There is a way to end the war. It's just not up to Zelensky and Putin though but it's up to those who supported Ukraine. China offers to broker the peace deal but Ukraine is pushing.
African leaders these days are leaning more toward China since Xi Jinping built roads and infrastructures in many countries. Now Africa relied upon China for the future some countries are totally abandoning the US.

The commerce between Ukraine and the rest of the world AFAIK still goes on. Africa though has their own oil source. Africa is a rich continent, it can live on its own trading with China and countries within Africa.
1408  Bitcoin / Bitcoin Discussion / Re: I received 65 BTC from an unknown address... on: June 14, 2023, 02:59:53 PM
I'm in a bit of a bind and don't know what to do so I decided to bring this issue up here and ask for advice. Just like the heading reads, I received that amount of Bitcoin from an unknown address and don't know what to do about it. Should I spend it or let it be?
Wait! Do you mean 65 USDT? Because I'm sure at times it could be a typographical error by the way, or maybe it could be in the dream that you received 65Btc and you are yet to wake up and discover it was a mere dream.🤣🤣

By the way, do you know how much 1 Btc is currently? Not to mention a whole 65.
1 BTC is equal to $25,000 currently (14th June 2023)
So, 65 BTC is equal to 65 X $25,000 = $1,625,000 (i.e 1.6 million dollars)

And here you are claiming someone sent you a whole $1.6million just for nothing, of which all I can say is that please, stop lying my friend because if you did go to school to study how to lie, I'm sorry to say that with this title of yours, you have gone far beyond your curriculum because not even Satoshi, Elon Musk or the president of the United States of America could give any random user such huge amount of fund unless you are a hacker and you hacked into an exchange to steal their funds. Because I think there is another side of the story you are not telling us here.

An individual who would send that much money using BTC will definitely double-check and triple-check the address before confirming. If he still made a mistake after that, he really is careless. He will not get the BTC back whoever he may complain. But the OP's story however may not be true though.

Like anyone above, they would appreciate it if there is a tx ID and his inbox will really be a party if he posts it. If I got the 65BTC, I would wait if someone claims it and strike a deal.



1409  Economy / Gambling discussion / Re: How to Improve Your Sports Betting Skills and Win More Bets? on: June 14, 2023, 02:30:01 PM
Parlay will be the strategy for earning that xxx, xxx quickly but things could go the other way quickly also.

The odds are almost the same in every platform you have an account. The longer you are in sports betting you already are aware of just going to one platform because, after all, it's the same unless the other has a special promo. But turning $1k to $xxx, xxx, that's huge. I wouldn't really make someone hope for it to happen to them. If they are going to take that journey I think it will take time.  Hey, I get by just putting my money to the top dogs every time.
1410  Economy / Gambling discussion / Re: 🥊 The UFC Info and Prediction Thread on: June 13, 2023, 07:16:07 PM
I mean how could the UFC market Adesanya vs Whittaker 3?
How many times Figueredo fought Moreno? How many times Conor fought Poirier ? Adesanya met Pereira 4 times... Cheesy It is so hard to get a title fight nowadays. Ranked guys dont want to fight unranked or those who are lower than they are. It is so stupid to see same guys fight each other again and again, that UFC should make a best of 3 or something like that to get a belt. Like NHL and NBA have in later part of tournament. (best of 3 or 5, I dont remember).

It is actually really boring to see the same fighters fight against each other again and again. Of course, sometimes it is actually very fun. And some fights do have the potential to live up to the expectation. Like if we could see a Connor McGregor versus Khabib Nurmagomedov, or maybe Tony Ferguson it was going to be great. Even after the Khabib versus Tony, the fight got canceled again, and again, I believe people still would have wanted to see that fight.

Right now I believe that UFC is actually out of ideas. They do not know which fight is going to sell them the most amount of tickets. That’s why they are trying to sell the fight that has already sold them some amount of tickets. At least that’s what I believe. I also think that the UFC right now needs someone like Conor McGregor who can sell fights really well.

Duke Khan

McGregor will be the underdog even vs Aldo. We already know the result of the match if McGregor is put inside a cage whoever he's fighting. Figueredo vs Moreno is a fair fight, they've been rivals for quite a while and it becomes a subject to analyze their advantages to each other.

Adesanya needs to move up, it will keep fans guessing who would win in his next fight. He tried it once with Jan Blackovich, this time against Pereira. 
1411  Economy / Economics / Re: US Congressman Warren Davidson Filed Legislation to Fire Gary Gensler on: June 13, 2023, 06:46:44 PM

Gensler is backed by people bigger than Davidson though. Its going to be a lobbying war.
He wouldn't try to do all these stuff just to suppress the crypto market but the institutions are also behind him. When he declared ETH to be a security and then changed again, you can tell then something was up.

Maybe the success of this legislation lies to how much is to be negotiated to change the structure. The Mark Cubans of crypto should share  Grin The new structure would be good, it would allow consensus to win and arrive a fair decision.

While it is true that what Genseler is doing is supported by influential individuals and institutions, it is important to note that ultimate goal is to establish regulation and  distinguish between security and non-security tokens in crytpo space, which I think is in the best interest of all stake holders. The ongoing discussions and regulatory  efforts aim to provide clarity and establish well regulated environment,which is essential for sustained growth of crypto industry.  

Regarding Ethereum, SEC has never officially declared it as security.

One significant win for crypto I think will be the XRP win against the lawsuit because if Ripple succeeded, all the rest that SEC is targeting may just also win. The lack of his clarity and all Gensler's lies will also be biting him. IOHK and Binance are the richest in crypto.

Meanwhile, they will also be questioning Davidson's motive in this legislation. Bitcoin is very political these days, is he running this coming election?

1412  Economy / Gambling discussion / Re: Easy or hard to quit? on: June 13, 2023, 04:38:34 PM
We're all different.

Winning big amount adds more confidence to a gambler and when you say "confident" that makes you forget your standing and how much you've got. And it won't matter to you to lose all of those winnings because you've just won it.

And when a gambler wins a big amount, there's no rule unless we make rules to ourselves that we shouldn't comeback to gambling. But another question will come out, are we gonna obey our own rules?
Even when we win big, there will be thoughts of continuing and that big wins will definitely come again, but all of that doesn't know because for those who have already won, it's still difficult to stop and I think their thoughts are always different from their intentions from the start.

Addiction is still difficult to control, even with its own rules, it is usually easier to break because there are no serious prohibitions, so for some it is still very difficult to get out of the zone they often play in gambling.

Old habits die hard, right?
I once heard in a conversation that a drug addict changes for a while but only needs one friend to invite for all his effort to crumble. Some casino addicts just change location actually, they may not show their face to the local casino but will travel 30 miles away just to gamble on another casino. However, there are few that really change for good. Most of them found a woman that changed them.
1413  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife on wedding. on: June 13, 2023, 03:51:26 PM
You may want to impress your wife but if she doesn't know how to trade BTC to fiat, she may not appreciate the gift. Unless you already have taught her about it so yep she will like it.

In my experience, girls prefer the effort even if it's a small thing so know what they like. My best advice, buy something that will make her look good, something shiny like earrings and a necklace.  It's what they talk about when they gather with their friends and not BTC.
1414  Economy / Speculation / Re: will bitcoin continue to rise on: June 13, 2023, 03:34:12 PM
Bitcoin will continue its bullish path but it also needs to be above $30k in price,
otherwise there is nothing more I can talk about other than waiting for the Bitcoin price to break $30k and reach $50k!

$30k was the peak last month, it has to come down to $25k or maybe below it before it will go up again. Since they want to get serious about lawsuits, the price could plummet to $21k or to its last year's bottom which was $16K. Sad as it may be, the possibility is high if this crackdown continues. This is the saddest bear market in all cycles that happened.

You'd be wishing it's the last quarter of the year already because that might be the time when BTC will try to climb.
1415  Bitcoin / Bitcoin Discussion / Re: We shall separate commercial exchanges from investment exchanges on: June 13, 2023, 03:10:50 PM

They are yet not done talking whether which crypto are Security and not. It wouldn't be over until they distinguish which is which. The exchanges are fighting back and I think more of the people in the community like Tim Draper are going to come out to support Gensler be remove from office. So there could be a fair fight if this will happen.

Right now we only distinguish CEX and DEX but to SEC they are all the same when it comes to protecting investors as Gary always says.
1416  Economy / Gambling discussion / Re: Boxing: Josh Taylor vs Teofimo Lopez on: June 13, 2023, 04:41:59 AM
It looks like the rumors are all true that he is going to retire but I doubt it's permanent based on this article
Quote
Lopez has been battling complicated situations outside the ring, including turmoil with his family and a contentious divorce and custody battle. That may have been the main catalyst for his statements to reporters after his win.

https://www.cbssports.com/boxing/news/teofimo-lopez-jr-claims-to-be-retired-in-aftermath-of-massive-win-over-josh-taylor/

This could be the factor that leads to his early retirement but we never knew he is too good to retire many will encourage him to go back to the ring because there are still a lot of challenges  and goal to complete and he still has a bright future.


Image from : Babalabrute-boxing Facebook page

This does not make sense, I reckon. The skeptical me thinks that he is trying to create a storyline for the fans to demand his return, which might give him more power to negotiate for more money.

Was there not a quick interview after the fight where he said that he was not being paid enough money? This certainly is a business decision. He will be in the ring if he gets paid the right amount hehe.

More than likely.
He is too young to retire this early and it's the wrong time to do it now that he finally proved his critics to be wrong about him. He embarrassed Taylor in his own way. It's spectacular. He hasn't got the biggest win, at least take that one more step to fight to the top like Prograis. There's Devin Haneys and Shakur whom he might be able to fight and make money. Never mind those bullies.

If it's all because of family problems like custody of his kid, the more he needs to fight. It's not about records anymore when it comes to family, it's about what you can bring to provide for your family.

1417  Economy / Gambling discussion / Re: who Want To Bet On 2024 USA elections? on: June 13, 2023, 04:23:56 AM
You mean, he's more popular among the other Republican candidates, or what? Because the bets are going on Biden:



and I think we have these odds for a reason. It's not like gamblers decided to support Biden this way, oh no. They bet their money on the most popular candidate because they want to win their bets.

I still don't agree with these odds. Biden's odds should be similar to those for Trump. At this point, Trump is facing hardly any opposition from the other GOP candidates and he is almost certain to win the Republican nomination for 2024. The only X factor is the ongoing criminal proceedings against him, which may make it impossible for him to file papers for the 2024 race. But then Biden also has a similar handicap. His health is not getting any better. Regarding Ron DeSantis, his candidacy has died even before it was launched. 

I think because there is a risk of Trump not able to run, a slight 50/50 chance if the lawsuits put him on hold then it's just going to be Biden vs DeSantis. Desantis candidacy though is a bit shakey. Thus the reason Biden still favored.  A disastrous future is ahead if he is reelected. Not sure why people would see him fit but anything can happen in 2023, UFOs are here.

Desantis despite his sane looking, he might not win against the old guys.
1418  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: June 12, 2023, 08:42:40 PM
Teofimo Lopez had a good performance in his fight against Josh Taylor, it was very visible that Josh Taylor was being pressured a lot, he was constantly defending himself, his fists were always in a defensive position while Teofimo even allowed himself the luxury of leaving the his face all open so that he could give josh taylor the initiative to attack, i believe that josh taylor's fear of not signing his opponent may be because he soon realized that his opponent had a very large capacity for defensive reaction and counter attack that if Josh Taylor was going to attack and his punch didn't hit the opponent

so at that moment Josh Taylor could suffer a very strong counterattack punch and in the minutes that followed my observation became real when I saw Josh Taylor trying to attack Teofimo and Teofimo immediately hit Josh Taylor in the face with a hard punch who was unbalanced for a few seconds and the public cheered thinking that Josh Taylor was going to fall, but he immediately recovered, I think it was a fight in which Josh Taylor had no chances from the beginning of the fight until the end. congratulations to teofimo for the victory
This is really the type of fights that I like to differ from boxing, because they both fought and gave everything they had, obviously Teófimo had a much more intense training than Taylor, and many were in favor of Talylor so these bets were very split. and it could be said that the crowd failed, personally when a boxer shows that his strength is training and worthy of winning the way he did, and he did not have to resort to a purely technical fight as some do, which for many already enters to a totally boring shot, instead here there were counterattacks, exchange of blows, a whole real fight, good for Teofimo.

and:


Teofimo Lopez shuts down his critics, resets his career with win over Taylor



Quote
On Saturday, like the proverbial phoenix rising from the flames, Teofimo Lopez damned his critics by wrestling The Ring and WBO junior welterweight title away from Josh Taylor’s grasp.

Lopez, still only 25, was a 6/5 (+120) underdog entering the fight but after three rounds he began to go through the gears, finding his groove and for large swathes of the middle portion of the fight he dominated Taylor in startling fashion, snapping the defending champion’s head back with pinpoint accuracy. This was particularly true in round nine, when he worked Taylor over and had him hurt.

Source: https://www.ringtv.com/654427-teofimo-lopez-shuts-down-his-critics-resets-his-career-with-win-over-taylor/

not bad for Teofimo!

Not the kind of Teo that we use to see, he was having fun. Is Taylor just too slow or Teo had really improved well?  Either way, its very stunning and boxing fans could by now will see Teo not just a kid who had some luck over Loma. Still Taylor fans couldn't believe it. It could just be because Taylor was too flushed to to get the weight at 140.

If Teo was much faster and relied to volume while Taylor seem to have gassed out, he could have KO Taylor to be more impressive.

1419  Economy / Economics / Re: US Congressman Warren Davidson Filed Legislation to Fire Gary Gensler on: June 12, 2023, 08:02:41 PM

Gensler is backed by people bigger than Davidson though. Its going to be a lobbying war.
He wouldn't try to do all these stuff just to suppress the crypto market but the institutions are also behind him. When he declared ETH to be a security and then changed again, you can tell then something was up.

Maybe the success of this legislation lies to how much is to be negotiated to change the structure. The Mark Cubans of crypto should share  Grin The new structure would be good, it would allow consensus to win and arrive a fair decision.
1420  Economy / Speculation / Re: Take advantage of the price fall. on: June 12, 2023, 03:10:49 AM

Crypto is not easy and thats exactly what they'd lean by now of they invest BTC while it goes $30k just weeks ago. Newbies have to also endure what the old investors did back in 2018. They can look at this as a test of patience. And the more you'd be tested if you got altcoins.

But it will be rewarding when all these bears are gone. Its not easy to keep waiting but fortune favors the bold.
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