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1541  Economy / Gambling / Re: No bet is a waste on: August 19, 2023, 06:07:49 PM
In gambling, winning is completely influenced by luck, but for sports betting it depends on the outcome of the match we choose.
There are quite a lot of betting options in sports betting and it can make it easier for gamblers to get Odds which are the most profitable and have the most potential to win.
Sports betting really requires extensive knowledge and insight to make predictions, but there are still many who bet without making predictions by analyzing but only using feelings or beliefs.
Betting only focused on one choice is not a good thing to keep doing because there are many unexpected things that we don't want to happen often.
It is true that in getting victory, it depends on the luck we have and if we are not lucky, we will lose and it has happened many times. But the situation may be different if we place bets on sports betting because apart from luck, we also have to be able to analyze the teams that will compete. And if you can analyze it well, you have a bigger chance of winning and if it's coupled with luck, you will definitely win. But it's not easy to win a game, especially if we casually place bets on sports we don't know very well and the chances of winning won't be as big as if we bet on sports we know. And if we lose at sports betting or casino games, it's not a wasted bet because we already planned to gamble.
Talking about luck and sports betting may be true if luck in sports betting is greater than in casino games because in sports betting we have the ability to predict which club will win and we can adjust the size of the bet and measure the amount of win or loss we will get.
It just that luck winning big at sports betting with parlay bets or multi bets is a little risky and luck also plays an important role here.
So that there are no wasted bets, this time I tried to combine several clubs to choose a multi bet with a total odds of more than @5.00 even though it kept losing like the 5 clubs I chose 1 club lost but I am sure from several times betting on multi bets it will get good luck.

It's not luck that governs sports betting. It's mainly the teams participating in the event that makes the odds and plays the game. If you're good in analyzing the components of said teams, and other factors that might affect the way they handle an event, you can avoid losing too much in your parlays.

I've seen some 3-leg parlays with over 10 odds that just wins. They know how to get the most value out of their picks just because they know some little details on the match that others don't.
1542  Local / Pilipinas / Re: Otoridad/Police nagbabala tungkol sa play to earn scheme on: August 19, 2023, 05:25:52 PM
Maganda na nagbabala sila dito, marami na rin kasi akong nakikita na post sa social media tungkol sa nangyare na pang iiscam sakanila. Pero hind rin naman natin masisisi ang mga kababayan natin na naging biktima ng mga play to earn scheme. Ang pagamit sa axie bilang business model o strategy ay isang malaking epekto para manghikayat, madaming tao ang kumita sa axie noon kaya naman hindi magdadalawang isip na sumali sa katulad na investment ang mga tao ngayon. Ang pagpapababala ay maganda na rin para maging aware ang mga tao.
1543  Local / Pilipinas / Re: Opinion: Pag invest sa Bitcoin gamit ang Maharlika Fund on: August 19, 2023, 05:01:59 PM
Personally, sa umpisa pa lang hindi na ko pabor sa Maharlika Fund. Pero kung sa kontekstong ito hindi ako sigurado. May positibo at negatibong rin kasing maaring maging kalabasan o epekto pag nangyari ito. Una, maganda ito dahil investment ay investment at siguradong makakatulong ito satin. Ngunit sa kabilang banda, maaring maging paraan ito para sa korupsyon. Knowing the government, makakahanap at makakagawa sila ng paraan para sila ang kumita dito at hindi ang mga mamamayan.
1544  Bitcoin / Bitcoin Discussion / Re: Is it worth it to teach older people about bitcoin technology? on: August 19, 2023, 04:23:39 PM
I'd say it's a hit or miss because some people can't be bothered about learning Bitcoin and the technology behind it. At the very least, it's better to inform them (if they're the ones to start the initiative) in the simplest way possible because there are people who always have the wrong idea about Bitcoin now that it's only getting more and more popular.
I agree with you. It either goes red light or green light, meaning it depends on how willing they are to learn and know. Moreover, it is better to teach older people who are already aware and have little knowledge about bitcoin technology, it says a lot as they are already interested and curious so it assures you that you are not wasting time and effort. Additionally, it will also be better if they already have knowledge on how to use technology that goes beyond the scope of using social media platforms like Facebook and Instagram.
1545  Other / Archival / Re: How to manage bitcoin correctly? on: August 19, 2023, 07:36:20 AM
If you could had patient to hold till it reaches $69k what then stops you from not holding till the market bounces back?
Are you in a rush to use the money for any other investment or what? Because I still believe bitcoin is the right the choice and the right coin to hold despite its stagnation in 29k to 31k for over some months now.

Investing in another coin that is not bitcoin is only distracting you from being focused, since some of the newly launched altcoin are there to steal your funds to get ready for the bull run. So I will advise you keep holding and stay from your wallet otherwise you could be tempted to sell it of since no progress.

indeed this is a tough situation for the op because the op bought btc at a very high price, and now the btc price has fallen below $ 30k this is definitely a difficult situation for the op but I personally really agree with your opinion because it is the safest thing to hold bitcoin and the op can sell it when it already has a profit, but of course in this case the decision is in the hands of the op.

I agree. The decision is still in the hands of the OP. It is based on what situation he/she is in, especially with his financial capacity or status. Yes, it will not be smart in our perspective to sell it now, more so since he got it for a higher price compared to how the btc price is currently standing as of the moment. However, at the end of the day, only OP can make the decision for his/herself.
1546  Economy / Economics / Re: What Actually Drives People/Gov to Adopt New and Bold Decisions on: August 19, 2023, 07:20:34 AM
Money and power, those are two of the things that I immediately thought of. However, there are also connections. Many people and governments around the world adopt new and bold decisions and changes based on how much connection it will bring to them. Moreover, decisions in politics creates enemies and alies that are very important in various factors in governance such as social and economic aspects.
1547  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: August 19, 2023, 03:05:10 AM
I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

Many businessmen do that these days and I like it. I like your idea, it is smart and innovative in a way. You don't have to worry about what happens next after you sell it off or hired great business executives to do the next tasks for you. However, the kind of down side here is you have to have new ideas every time, you have to be able to know how to market smartly as you are not selling to just any consumers but to co-professional businessmen in the industry.
1548  Economy / Economics / Re: Bad economic situation makes bitcoins more difficult to keep. on: August 19, 2023, 02:43:29 AM
The financial situation has been pretty crap in the past few years; inflation has made everything progressively worse; thus, sometimes I may be tempted to use my Bitcoin. However, my personal preference is to store my Bitcoin somewhere that I don't have access to. Till now, I was away and didn't have access to my computer; I only had my phone; thus, even if I wanted to, I had no means to use them. In all seriousness now, honestly, if it's a matter of life and death, and you're in desperate need of money, use your Bitcoin by all means; you haven't signed a contract to hold them forever. I completely understand that you might be holding out for the future, but that doesn't have to set your needs back if it's absolutely necessary.

If you store bitcoins out of reach, you risk missing the moment when they can be traded profitably and waiting for the cryptocurrency crisis to start again. Availability should always be there. The other thing is a theory, but you have your concerns.
I'm planning to hold long-term for over a year, or even more, two, three years, who knows, I'm not in any hurry. As I've said earlier, I'm not in a dire need of money, not yet at least and I can still afford to do that. Thus, I'm not going to miss any trading opportunities, Bitcoin won't magically recover to $60,000 that I might be interested in selling at. It's a slow and steady process that takes a lot of time and when that time comes, I'll have my coins on hand. Till then, I don't see why should I make my coins more accessible. It's safer the way it is.
Hey, you do you. At the end of the day, it is your bitcoin, it is your property and it should be your decision how you will handle it. If you feel and think that your coins should stay where they are now is the best way to do then go ahead, no one knows your financial capacity and state more than you do. And I agree with you, Bitcoin and the system is a slow and steady process, we all want to make a profit off it after all.
1549  Economy / Economics / Re: All millions are from real estate. on: August 19, 2023, 02:20:05 AM
Real estate and owning property is only a way of trading on a commodity, it might be a profit making route sometimes but not always and its unique dynamic is demanding either a large amount of capital and/or alot of time to derive that benefit.   Property might the safest most assured way to store value over time, alot of alternatives have higher risk or simply decay but land does not in the main suffer this liability. The real way to make money is by business expansion whichever route that might be, its what you do that is really profitable not the sitting on commodities which is speculative.
I understand and I get what you mean. I especially agree with you on your point regarding the needed large capital and a lot of time that needs to be invested in real estate. However, it should also be noted that most millionaires have a business or investment in real estate. Additionally, most real estate investment gets millions of profit which I think is the main point of OP's post.
1550  Economy / Economics / Re: Were Banks and Governments behind this Dump? on: August 19, 2023, 01:08:46 AM
The interest rate increase was surely going to make the dollar stronger which would impact various industries such as crypto and even forex. Did you watch what's been happening in forex since yesterday and today also? US30 had been on a constant decline with other major foreign currency pairs against USD following the same pattern, tell me how would crypto survive that?
I do believe too that interest rate is the key player in this recent dump,  raising the rate simply means making the dollar stronger, and obviously, any currency or asset that is trading against the USD will suffer the pain, Elon Musk on his side might have seen reason to sell and selling such huge amount of Bitcoin at the time will definitely cause more pain and dump the price.
I honestly do not care about what Elon Musk did/do regarding this. We're all traders here, and much like myself, Elon Musk, and other traders, we can liquidate our investments/btc whenever we want without anyone asking. I feel bad for the guy, to be honest, almost everyone at this point is watching his move and decisions waiting for him to make a mistake.
1551  Economy / Economics / Re: Entrepreneurship and women on: August 19, 2023, 12:46:23 AM
Actually men can also focus more on their goals as long as the man is able to do it well, because for success it actually never looks at gender. But all of that success is based on someone's efforts in placing his focus where with a greater level of consistency on the mission he will achieve in business, whereas women are usually easier to use strategies to attract everyone.

In order to want to buy the products he markets so that he can sell more and that certainly makes a business grow fast, but this kind of thing doesn't mean that a handsome, dashing man can't do it. Because many women will also be more easily captivated by the charm of a man when there is a dashing and handsome young man who runs certain businesses in this world.

Yes. they are able to provide their own contribution and color in the business landscape Grin Grin and if we pay attention at this time where the world is starting to move forward we often find entrepreneurs finding women who enter the business world. Now, in running a business activity, if I look at it in terms of consistency, women are more consistent and more focused on something, especially when running a business, the big difference in terms of expenses discriminates more than men.

I agree with you. Women are more consistent in business, mostly due to their precise planning. Women plan everything, at least as far as I know with the women I know. They like to keep everything under their control based on their plans and that is why they are always prepared for any outcomes of their actions and decisions. Moreover, women are organized, they like to ensure everything is at their rightful place which helps a lot in business.
1552  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: August 18, 2023, 11:56:41 PM
^
If there are any boxers approaching the two billionaires, it will more likely be about representing them in a fight which the 2 billionaires will be happy to host and make money out of these boxers. And what is at stake is probably what the billionaires are going to discuss.

Assuming the two really agreed to fight, I don't see a point for boxers opposing the fight to happen when we have seen influencers and onlyfans girls fighting. But the physicians of Zucker and Elon will probably find an excuse for both not to fight just like Elon undergoing surgery.

Maybe Zuckerberg is serious about his newfound urge of getting into the ring to test his skills. But this nerd billionaire was late to realize that he was only trolled or being tripped by Elon Musk. And we know Elon is also good at trolling and making some stuff that can trend online.

Seriously though if people are following Zuck, Elon, and the fighting community and its media; Zuck is constantly training for over a year or even earlier. So it doesn't make sense for Musk to make the challenge serious other than getting attention once again. And greedy Dana White thought he can set the fight thru his UFC. Cheesy

But this potential match even not a professional one is actually gaining attention from the media and boxing fans, after all, they are two of the wealthiest people on earth right now.
It's quite true that the discussion about the possibility of this match happening has been a major topic for media houses, both boxing and karate fans and of course their business fans.
Perhaps, if we keep talking about it so much so, it might get to the camp of both parties(Elon Musk & Mark Zuckerberg) that they might reconsider their options and train even better to feature in the fixture for real.

The only person that will really train hard for this bout is Mark Zuckerberg. For Elon, this is just another opportunity to give emphasis and exposure to his businesses. He's not the kind of guy who'll really go serious in these types of schemes. He'd rather crunch numbers in his offices, or be the "admirable CEO" that he's trying to portray rather than go out of his way and be fit for a one-day bout that will not net him millions. I doubt this will ever come to fruition.
1553  Economy / Gambling discussion / Re: Peer pressure as a substantial gambling catalyst. on: August 18, 2023, 11:43:31 PM
The Influence by friends or relatives to gamble are the common reason why gamblers are into gambling today and personally I’m also a product of this one. I remember when my friends go to the casino for the first time and I can say that he influenced me to gamble more and that is the start of my gambling journey. I believe if you are into gambling as well there’s a chance for you to adopt easily and if you are going to encourage someone into gambling, please make sure to tell everything especially the risk of losing the money.

The best thing is to not encourage other people gambling. That can possibly be a root of rift between friends, especially if the one you recruited in gambling lost a huge amount of money and they are looking for someone to blame for their mistakes. I don't let my friends or peers know that I'm gambling, and if they manage to know that I am gambling, I would steer clear from the conversation and try to talk about something else.
1554  Economy / Gambling discussion / Re: Dreaming That I'm Playing In A Casino, Do You Have One, on: August 18, 2023, 11:24:20 PM
<snip>
It was the first time I heard about the term "relapse dream." That's quite interesting, huh?

I used to play a lot in the past, yet I've only had 1 dream related to gambling. It was a good dream, though. In that dream, I was on a winning streak and hit a jackpot. The only issue was that I found it hard to decide how to spend my winnings.

a cherished dream with a million dollar jackpot. But let's put those dreams aside and try to be realistic. You just need to play again and strive for the jackpot and it will come true. too complacent with a dream will not produce anything.
There wouldn't be winning streaks and hitting jackpots, the casinos already knew what they had to do. The jackpot will only go to random users and it will be rare.

Casinos already know when will the jackpot hits. I'm pretty sure some of the games are rigged in a way that the jackpot drops after a certain number of bets is made on that machine or game. They'll occasionally give out some small wins to a lot of users, but they already computed everything that puts them in a profitable position. Betting often will not get you jackpots, betting at the right time would. How does one know it? Well, technically no one knows, not even the casinos. Either way, the casino wins.
1555  Economy / Gambling discussion / Re: Gambling by financial dependents. on: August 18, 2023, 10:56:20 PM
A family member reported to me that her eighteen years old son has started gambling. She is not worried that he is gaming but her problem is that he is a student that solely depends on her for everything he needs. Her fear is also that her son might start stealing from her if he has no access to the money he needs to gamble. My relative has even started suspecting that some money she feels was misplaced might have been stolen by her son.

I spoke to my nephew and he told me that he has never stolen from his mother to gamble. And he gambles with only his savings from his weekly stipend he receives from the family. And he won't gamble if he has no savings to do that. From my observation, he is a responsible gambler that is just enjoying the game and making a little money occasionally. The gambling age in my country is 18+, but his mother is insisting that he must stop. What will be your advice for this young boy?

Those small habits will be very destructive in time. IMO it's best to heed the advice of the mother in order to curb this possible gambling addiction. You'll never know how deep you would want to be in this hobby especially if there is an incentive every time you win from it. Anything that will give you rewards, you will go back to no matter the risks are. That's how our brains are wired.
1556  Local / Pilipinas / Re: Union bank nagdeploy na ng ATM machine na dollar bills on: August 18, 2023, 01:39:01 PM
Hindi masyadong malinaw ang detalye ng balita na yan , ang nakalagay lang naman doon ay para sa mga customers lang ito na may mga  US dollars account . So ibig sabihin nito ay yung mga may milyones na dolyares tapos kinagandahan nito ay walang withdrawal fees na siguradong ikakatuwa ng mga US dollars account holders. Bagay to sa mga pumapaldo na sa cryptocurrencies na tulad niyo na gustong mag-impok ng dolyares na pera.  Parang useless lang sa atin pero kung gaya ng mga balak magbakasyon sa ibang panig ng bansa magandang dito na agad kumuha ng dolyar para wala ng aberya pa kung sakaling magbalak man.
Mula na rin sa sinabi mo, hindi naman ito useless at hindi lamang para sa mga milyones na dollars. Ayon sa pagkakaintindi ko, ang main o malaking target ng project na ito ng Union Bank ay para sa mga madalas magpapalit ng pera tulad ng mga nagiibang bansa para mag trabaho o turista. Isa rin ay yung mga nagpapadala ng pera sa OFWs na ang currency ay dollar. Maganda na may mga ATM para dito dahil mapapansin na madalas ay mahaban ang pila sa banko at ilan sa mga nakapila ay mag papapalit lamang.
1557  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 18, 2023, 12:59:57 PM
Short-term thinking is one of the wrong ways of accumulation to get rich quickly within the market has many new investors only thinking short term. And while the possibility of earning massive on a crypto investment, there is also the possibility of losing all funds to a bad investment move. Having a long-term investment plan/ mindset would help you choose your crypto investment more carefully and concentrate on picking high-quality projects with a long track record. Trying to get rich in just 90 days is a fast way of going broke but thinking about crypto investing as a multiyear process will help you build a more thoughtful crypto portfolio.

When you think about investing in cryptocurency with a multiyear timeframe, it'll help you with your choices of investment as you're not look for quick profits, but coins like Bitcoin, Ethereum and other quality project will be included in your portfolio and you'll be patience holding.

You'll also not be rushing to invest as you'll take your time to study the market very well before investing and you won't be investing by buying all the coins  immediately but instead you'll be accumulating slowly until you have reached your goals of investment into Bitcoin.

Short term thinking can lead you to losses more than it can lead you to profits when investing because when thinking of quick profits you'll be attracted to coins that are for short term and they'll not last in the market and all investors mightn't have the opportunity to make profits.
But we do know that not all does have the patience on holding for long term or time on which there would be those people who would really be preferring on seeing profits in a shorter time frame and this is the reason on why they would be definitely be engaging with some altcoins or even trying out to touch some meme coins for some possibility of quick profits and possibly that could earn tons of money in a short time but of course we do know that the risks is really that higher.

Accumulation would really be requiring that kind of determination specially when you are holding but initially on which it is really that needing that proper planning in terms of the money that you should only gonna spend.
Its true that there are people who are really just that impulsive or really that dont able to think up carefully in regards to this on which they are really doing such bad step or decision basing up on their accumulation.
Some do even make use of the amounts which are for emergency funds which it is really that too much or something that really in excess.

The temptation and attraction of earning faster or in a shorter period of time really drive people to invest in things like altcoins and meme coins. The attraction that fast-earning investments have brings people to forget about the risk that comes with it. We get too hyped over the idea of earning more profit in a short period of time that we forget about the possible negative outcomes the risk of it may cause. We forget that the greater the deal and benefit sounds the higher the risk it will cause.
1558  Bitcoin / Bitcoin Discussion / Re: Do you want to be great? Then be ready to learn. on: August 18, 2023, 12:28:27 PM
Not everyone have the mind to learn. Whenever you hear about something new we should understand what is behind it and analyse to know it better than coming to a conclusion on someone else words. This is the reality with most of the people, over time they've corrected themselves and are concentrating good on cryptocurrency investment.

Ignorance is a big problem, and after years thinks bad of missing opportunities. When it comes to bitcoin, there is nothing to worry because you'll get opportunities and we should be prepared enough to experience the best out of it.
Ignorance is indeed a terribly big problem. Learning about something new from friends, family, or acquaintances or reading about it online pushes our curiosity, something that I take as a good thing for us. However, it goes negative very quickly when we cure that curiosity by simply just listening to what others think of that phenomenon. Satisfying that curiosity on your own, by doing your own research and experiencing it for yourself is the safest and best way to introduce yourself to something. Learning on your own from facts and credible sources will always be better than learning from hearsay and opinionated statements. And that includes Bitcoin, something that a lot of people are getting more and more curious about.
1559  Economy / Economics / Re: Would you rather start/grow a business from scratch or buy an existing business? on: August 18, 2023, 12:03:08 PM
If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

Both have their own pros and cons. But for me, it is best for someone that has no experience in the business field to just franchise an existing business. Franchising will let its potential partners undergo several trainings to teach them everything on how to run the business successfully. And in an existing business, there are already existing systems as well that save a lot of time and effort. Imagine looking for suppliers that are a little cheaper and at the same time its quality remains good. The workers will also be trained by the franchising company. This way, newbie businessmen take a shortcut and might have ample time to continue their jobs or do other stuff.
Thats one of the pro's when you are really that tending to make some franchise or getting one on which you would really be trained up on how things do or operating so even if we do say that you dont have experience or

beginner then you would really be definitely be able to handle or known it out on how to manage out your business even if you are just new but this is really that according into someones preference since not all would really
be liking on having that shortcut when it comes to business and would really be liking for them to start on their own and would really be able to adapt and learn up to handle from zero until they would really become experienced. So this would really be just depending on your personal choice since there are people who do prefer this and prefer that.

Growing up a business with your own or from scratch would really be giving out that advantage that you do know on how things works and moves unlike when you do buy a current existing then there would
really be needing a time for you to adapt and make things familiarize but well it isnt really just that much hard though because you wont really be that dumb on buying a current business without having
those kind of thinking and considerations before you do proceed.
I like this point a lot. This is also something that a lot of people overlook or forget. When you get a franchise it will feel like everything is being handed to you, like you are being spoonfed, like everything will always be presented to you and all you have to do is figure out what you will do with it. The ideas, equipment, the process, the system, (sometimes) the staff, the name and reputation of the business, and even the marketing straetgy will be taught and handed to you. It will be that easy, you will just have to figure out how you'll make the business grow from where it is currently at and even with that you'll get assistance.
1560  Economy / Economics / Re: It ain't meant to be easy on: August 18, 2023, 11:46:03 AM
I think it would be smarter to just focus on what you could do and how you could improve, otherwise you are not going to get any better at all. I realize that it is going to take some time, but if you could be better at what you are doing, then you are going to do a lot better by realizing the profits come with losses time to time. It's very crucial to make sure you are fine with both of them and can move on without trouble.
A very misconception about trading specially into those newbies or people who do really think off that crypto trading would really be the solution for them to make money without even trying out to realize thats not how it works or its never been that so simple. On the time that they do step their foot into the market then they would definitely be able to experience that bitter-sweet thing on which its not something that you could really be able to acquire out in terms of profitability if you arent really doing something good with your trading.In overall, living on this world is never been that easy or simple, you would be needing to work for you to sustain and survive on day to day living on which this could really be acquire on having some job and if you do have plans on having that no financial problems or simply be that financially that independent then of course it would really be just that normal that you would be finding ways and methods on which  you could really be able to earn more which is really that more than with your current job. Rinse and repeat and you'll find yourself in to
a situation or condition on which you wont really be that struggling in terms of finances which does basically means that living wont really be that a challenge at all.
It is that simple. Even outside the context of crypto, life is not easy. You have to work hard, you have to move, and you have to do something in order to gain something. You cannot just expect the world to grant you a reward without putting any effort into it. Moreover, it should be reminded that the fruit of our labor, our efforts, is not always positive. Sometimes, even by doing our best and giving our all to something we are still presented by negative outcomes. However, that should not be a reason to stop trying, as again (stated by OP) it ain't meant to be easy.
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