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1561  Economy / Gambling discussion / Re: 2022 NBA Season on: February 01, 2022, 12:27:19 PM
We have the Phoenix Suns vs the Nets tomorrow.

Durant is out, Harden is questionable, but if he will play, he and Irving will tandem and they will give the Suns a good competition.
As per the betting lines, Suns are the heavy favorite to win, but I think nets would be able to give a great game here as long as Harden will play.
1562  Economy / Economics / Re: This why wall street are rich and you are poor on: February 01, 2022, 08:23:08 AM
They borrow money to buy assets before bull run
They use borrowed money to make more money.
If u dont learn how to use DEbt to create wealth then u stay poor all ur life.

U never use loaned funds just to buy things for u if u dont have ur own money enough.
First rule you use loaned money to make money.
Stocks and crypto u borrow always before bull run and sell ur assets even the real estate when markets are booming u pay back the loan u wait the market drops u repeat the process.

If anyone start doing this no profit for wall street wealthy guys anymore thats how powerful is investing money what u borrowed.
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In fact, most startups and large entrepreneurs, are able to become successful entrepreneurs after being in debt. Debt from banks is used for productive activities so that entrepreneurs get profits. That is called productive debt.

the fact is that not everyone is able to successfully manage their debt to be productive and profit doubled

until now I'm still learning this trick, because as you said when the crypto market is bearish then borrowing money from a bank or other to buy crypto is the best moment

May we all be able to manage debt productively

We can learn that, it's not a trick by the way. It's being smart and we can always use it in a situation where we think the market is bearish so we can buy cheap assets. It's always nice to accumulate when people panic, and borrowing money from the bank should not be a burden especially if we are playing like 20% a year because it's not only 100% increase we will see, we could see more especially during the bull run.
Having debts is always a wise idea if you have smart plans for it, but its never really that important especially if you can start a business even with a minimum capital. And i think investing in crypto will never really need a huge capital, that you have to go on financing companies and lets you pay the additional interest. You can expand your investment and create bigger profits if you are already making good returns from your initial investment. Because not all debtors are capable to generate profits.
1563  Economy / Speculation / Re: Do people overestimate BTC? on: February 01, 2022, 07:37:54 AM
Don't you think that this estimation has brought BTC to this level. Yes its kind of marketing. Over estimation attracts more investors into crypto industry. And often this estimation has turned real to many investors. I mean, those who invested and waited for a long, have earned much and later it has become true that investing on Bitcoin will turn out more returns. So how can we say it. Shall we say its practical rather than an estimation.
If people have overestimate bitcoin, then there's no wrong with it. I think we all know that bitcoin is more capable to give us higher returns than any other coins in the market. This build the trust of most investors into bitcoin because its how they are seeing bitcoin in a very practical way. Though it has its own ups and downs, but bitcoin always proves to everyone that it always recovers from all its fall backs. No wonder why Bukele insisted to adopt bitcoin despite of the negative critics he received because he never stop expecting that bitcoin will create a gigantic price increase in the next possible months.
1564  Economy / Trading Discussion / Re: Who is the best crypto provider to give you advice on how to trade in crypto? on: January 31, 2022, 11:20:27 PM
Learning is the best way to stay away from these signal providers. Most of the time people doesn't want to learn, but they follow the orders. If we learn and understand the market then it is possible to predict the market to some extent. Maybe this isn't that effective, but when we continue doing it soon we'll better in our prediction of price than just making random predictions. Never pay any signal providers, also at the beginning the signals were provided free and later they charge.
When it comes to trading, we only have ourselves to count on, and definitely not to rely from any signal trading groups as most of them are unreliable. Although there are quite few of them who are legit and can offer valuable trades, but i believe most of them are scammers. If their offer are those too good to be true, no doubt they are scams. However, not all of them are scams and those who offer good quality trades are beneficial for beginner traders but in general, trading signals are not really worth it having.
1565  Bitcoin / Bitcoin Discussion / Re: Bitcoin Investment against inflation on: January 31, 2022, 05:24:48 PM
A London restaurant owner has revealed his story of Bitcoin investment that saved his business from the economic impact out of the pandemic. Restaurant named Tahini has moved its balance sheet to bitcoin once after the decline in the sales. It has got only three branches around. Hamam, the owner mentioned the restaurant's bitcoin investment have spiked to 300% and has served as a hedge against the inflation. The restaurant doesn't accept cryptocurrency, but it continues to invest the fiat on bitcoin. At the time of investment the price of bitcoin was found to be $12000. Now the business have been extended with four more branches in Ontario Canada. Planning for another 20-25 branches within 2022.
They were so lucky, you know that wouldn’t have worked for everyone. They invested at the right time, because during the pandemic was when we were getting close to the next halving, although some people found it difficult to believe that Bitcoin would be bullish after the next halving because of how far it has plummeted during the covid-19 pandemic.

So, they invested at the right time, because if it was some years before that halving, we all already knew that it would take long for the bulls and they’d run out of patience. The good thing is always how Bitcoin has been saving a lot of businesses and people.
It's not just luck, but it's more on the faith of the owner to take the risk from investing his fiat into bitcoin. He must be exceptional. This serves as a living proof that bitcoin can be a great alternative this time as we can't control anymore the continuous rising of inflation. But, for beginners, and even to those who are still in doubt, study first about bitcoin before you invest as there's always set of risks associated in it.
1566  Economy / Gambling discussion / Re: [Boxing] Errol Spence Jr vs. Yordenis Ugas 3-Belt Welterweight Unification Match on: January 28, 2022, 09:55:01 PM
Some do even believe that Ugas could really pull off with some upset on here but i do believe and i do the same thing that Spence is most likely to win but this would be a tough one or a close one.
Some, but most believe that Spence will win.
The odds is like the Ugas fight to Pacman but I'm sure the result will be different as this time the favorite of the fight will win.

When it comes to stamina then Ugas does have it and if he would really be giving off with some good counterpunches and making out some points then he might end it up with a
decision which do favors him thats why im not really confident on putting up some bets yet this one would be a close one but this is just only my own view though.
We will know if that stamina is still there if he gets hit by Spence, in his fight with Pacman, he was the one who dominated the fight so it's very clear that he wasn't tired and remained his composure until the end of the fight. What I saw is just he just played some great defense and played safe all night.
1567  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: January 28, 2022, 09:29:11 PM
I guess it was previously announced, but of course, we have to see them make a further announcement about the status of the current NBA season. I am optimistic that they will resume soon and it's not gonna be a long wait for us since, in just over a week, we will know if they'll really resume or not.

In online, there's no much news but only an speculation so far.
They can’t afford any further delay or else they have to cancel this conference and waste everything after all.
PBA is already working on this and they told us that in February they will resume the conference, let’s hope for this to happen and no further delay, it looks like the protocols by February will slightly ok for them,

Next month is very crucial, we have to hear their decision and I also expect the same, it's either a resumption or cancellation of the season next month, but let's hope for the positive announcement as this season has been very entertaining since imports are back after years of not being allowed to play.

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bubble is thing a good option.
They have no choice but to do this last option.
1568  Economy / Gambling discussion / Re: [Boxing]: Thurman vs Barrios - Feb 5 on: January 28, 2022, 09:00:31 PM

Sorry but I don't see that happening, he cannot even beat Gervonta Davis who is smaller than Thurman, how can he knock out a big guy like Thurman. Barrios still has a lot to learn in boxing, Thurman is already on the top level, if he can beat Thurman, then I would believe that one day he will be a champion in the Welterweight division.

This is a good basis for me as a bettor of this fight which one will definitely good to bet on. Though I've made a quick research about these fighters and you know Thurman is the crowd's favorite here and now through this I know why. Sometimes, relying on bet odds is not quite enough that's why conducting or you know having a thought about a fighters capacities, capabilities and a review for his past or recent fights will going to give a bettors a hint which one should they choose to support on.

The odds would only give you an idea about the fight, however, you need to be smart enough to verify if the odds are overvalued or undervalued. As for the betting odds, Thurman is the crowd favorite and I think it's just right because he will likely win this fight anyway and I am one of the many who believes that.
1569  Economy / Gambling discussion / Re: [Boxing]: Casimero vs Butler ordered by WBO on: January 28, 2022, 08:32:20 PM

He does not disclose it, and I am sure he would not say anything bad on MP promotion but still choose to work with another promoter. That's just normal in boxing, this is business, whether it's a boxer or a promoter, they will always put their interest first, and we can only speculate on the reason for this one.

Yes, because if ever Casimero talk about this one in public, general interest will spread out.

It will affect both ends. We know that Pacquiao is busy campaigning for his interest as PH president, it will affect him on this
side if ever Casimero will start bringing any smoke that will start up the fire.

While, on Casimero's side, people recognized Pacquiao as a living legend, throwing unnecessary words against him will
gain reactions from his fans and the whole boxing industry, not good for Casimero's career for sure.

AFAIK, Casimero started to gain popularity when he joined the MP promotion, so it was his stepping stone to where he is now, there's no need to say bad words about MP, he has to remain professional and just do his job as a boxer, no hurt feelings, consider what happens or will happen to be just all business.
1570  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 2022 is the time to buy or sell? on: January 28, 2022, 08:16:37 PM
2022 which is still at the beginning of the year with market conditions still in a state of correction, so buying is a good choice.
About what coins or tokens, that's your own choice. You should understand more about when is the right time to buy and sell. Likewise regarding what coins or tokens are worth buying or selling.
maybe what I do is quite different from the others because apart from buying I also sell them.
because apart from hodling I am also a trader and when it comes to traders of course we always try to take advantage of every existing momentum.
and indeed, even though as you said, buying is a pretty good thing after saving them but there's nothing wrong with selling them and buying them back at the price we really want because the market is quite confusing but on the other hand it's profitable when in one day they change color from red to green and from green back to red
Good for you, you can live whatever the market situation is, as long as the market is still volatile, you can still continue to trade while at the same time you can do your long-term trading as well. It's not a problem if you are knowledgeable enough because you can still be profitable even if other people are already in panic mode.
1571  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: January 28, 2022, 03:34:07 PM

Bucks vs Knicks, The Bucks needed a win to snap their losing skid right now and the Knicks might be a perfect victim. And it will be in their homecourt so I guess -9.5 for the Bucks in this game.

The line is really too high considering that the Knicks is a decent team. But I like the line, it tells us to bet on the Knicks but what would happen in this game is that the Bucks will dominate them and win by more than 10 points, I hope my expectation will come into reality.

I'm with you mate, though the spread was pretty high, I'm still confident that the Bucks could defeat the NY Knicks for more than 10 points tomorrow and I have faith that they will bounce back in their own homecourt after their huge loss against the Cavaliers with 16 points.
1572  Economy / Gambling discussion / Re: 2022 NBA Season on: January 28, 2022, 02:50:23 PM
The All-Star starters have just been announced, LeBron and Kevin Durant are All-Star Captains. Wiggins as a starter is a bit weird but congrats, i guess. Here's the full list: (source)

For Eastern Conference, what's the rule of changing Captain? Kevin Durant is out and won't play right? So automatically it will be Giannis or the second most voted player on the Eastern Conference?

What a great achievement for Ja Morant, already an All-Star starter for just a few seasons playing. He really changed and improved this season like an already experienced player in the league. Same for Trae Young too.

Kevin Durant won't play in NBA All-Star Game as he continues to rehab sprained MCL.
Source: https://www.cbssports.com/nba/news/kevin-durant-wont-play-in-nba-all-star-game-as-he-continues-to-rehab-sprained-mcl-per-report/

On the other hand, in absence of the ECF Captain KD, Giannis was the 2nd most voted player, but we will see these days of indeed Giannis will replace KD as captain

What a great achievement for Ja Morant, already an All-Star starter for just a few seasons playing. He really changed and improved this season like an already experienced player in the league. Same for Trae Young too.

Ja Morant have just played 3 seasons in his professional career since he was drafted way back 2019 and with just a year he's been awarded as the Rookie of the Year in 2020, this kid really got a potential to be a starplayer.


1573  Economy / Trading Discussion / Re: Trading Company on: January 28, 2022, 06:35:15 AM
Its pure scam, how can you give access to your money to the person who randomly emailed you on the internet. Let's make it more interesting just asking for their experience will expose everything, if they give you any domain then just corss check its registration and reviews on the legitimate site reviewing websites to verify it.

On what OP received, maybe it's a pure scam. But as far as I know, there are legitimate brokers because, in the first place, that's how it works. Users will deposit money and let the broker do their work. I also don't know if something reputable service like that exists in the crypto-world. But for the stock market, there are legitimate ones.

The bottom line is, OP should just ignore that email. A company isn't sending messages to random people but the client instead will make business with that company.
I have read about stockbroker and its really legit like in the case in India. As traders cannot trade directly in stock market, so they are required to take the services of a stockbroker. But in crypto, there are those legit ones but you must be very cautious from choosing them because most that are in internet sites are pure scams. I suggest just trade on your own so you can stay away from the chances of being scammed.
1574  Alternate cryptocurrencies / Altcoin Discussion / Re: Know when to buy and hold on: January 27, 2022, 11:49:56 PM
to buy bitcoin or coin eth now is the right time at this time I see in the market the price of bitcoin is falling again this is a great opportunity for bitcoin investment if you pass this opportunity I am sure you will regret it.
Opportunities are already wide open and it is very good if someone wants to take advantage of them because at times like these it is better to enter the market and make the best coins as future assets.
For me, I haven't dared to enter the market at this time, because the bear season is still ongoing. you can see very little bitcoin volume and a tremendous increase, I think you have to stay alert don't be tempted before correcting.?
Its your choice too. You have your own goal so you need to follow your original plan. But as for me, i know this bear market opens more opportunity to invest. But its a must that we should not just jump into investing some coins, there are things that we need to know so a prior research should be made. After that, if we see some potentials on some coins, then this is a good opportunity to enter in the market.
1575  Economy / Speculation / Re: Bitcoin 2022 bear market? on: January 27, 2022, 11:24:25 PM
The price is already on a decline after hitting a ATH last November, and for sure the bear market might take over this 2022. I know the feeling though, it's really hard to see the price going down but we can't do anything but to prepare for the worst.
Maybe this first quarter alone might be a good gauge and know if we are really in a bear market or not or if there could be some surprise and we might bounce back. So we will have to see but expect the worst.
Has there been a change in the fundamentals of the crypto world? Is bitcoin not what it is a few months ago? Is there any big bad code faulting going around? No? Then we should not be worried about anything at all right now.
Even at bear market, the fundamentals are not going to change, it is the sentiments that affects the price.

We had China attacking bitcoin, we had Elon pump and dumping, we had second largest mining nation having a civil war going on, we had so many bad things in the news regarding crypto, the fact that inflation is now high in most major nations and people can find other means for investment also didn't help neither. So, crypto is still great, and it will still break the ATH price eventually, we just had a bad stretch, that's it.
Yeah, but you can't deny that these factors have really affected the price negatively right? From all time high of $69k so now at $37k. So price perspective is bad and admit it or not, the market is really on a bad shape and we are in a bear market.
But this won't be forever, right? So we don't have to deal all of these as they may only destruct our goal in the crypto market. If we can make this bearish market into our own advantage, it will really make a big difference in the future.  And eventually, its new ATH will still be achieve but i'm not seeing it in the soonest time. The start of the year could be gloomy days but after that, a new sunshine will come.
1576  Bitcoin / Bitcoin Discussion / Re: Still haven't sold a bit of BTC since 2013... if I can do it you can do it too! on: January 27, 2022, 10:09:43 PM
Hi everyone, it's been awhile, just wanted to tell you that I still haven't sold a bit of BTC since 2013... if I can do it you can do it too!

Some of you may say it's a dumb decision or risky, but I'm all for BTC and positive about it. To the Moon!

It seems to me that you either A) Don't have a big holding of Bitcoin or B) You have a privileged enough lifestyle that your Bitcoin holdings are relatively insignificant within your overall asset portfolio. You certainly passed up on the opportunity to sell at all time high, or even in the $50-60k range which held for quite some time. If Bitcoin did make up a bit portion of your wealth, which is highly unlikely considering your flippant approach, then you have wasted a lot of opportunity. Diversification is a solid strategy and what the richest people in the world do to maintain their wealth levels. Periodic rebalancing and taking sensible profits while the opportunities are their make a good invester, rather than someone bragging that they left a lot of money on the table.
More likely, OP has a gold spoon on his table and he's lucky enough not to experience financial problems that almost all of us are struggling to survive. But on the other hand, i can sense that he's posting this just to inspire others to do as well, not really on bragging himself. One thing is certain, he can make more profits if he was able to sell them in the previous bull run and buy back again at this bearish season. That way, there is always a progress on his current income.
1577  Economy / Speculation / Re: BITCOIN - ROAD TO 8,000$ - speculation on: January 27, 2022, 09:46:40 PM
since it was first created by SATOSHI NAKAMOTO bitcoin has very strong fundamentals, so its price goes up from time to time, and BTC is a very popular investment today, even though bitcoin is currently experiencing a decline, it is very unlikely if the price falls too deep ie to under $10K.
I would not be surprised by that low price because I saw a lot of the same scenarios in the past. When whales played market through manipulation, anything could happen including the huge price dump or course, so we should see it as a possibility although we are not expecting it will happen.

$10k please make it happen, I'll just accumulate without a problem.
1578  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: January 27, 2022, 09:01:28 PM
Early pick. We only have 2 games for today so might as well maximize it.
Golden State Warriors versus Minnesota Timberwolves - Warriors -6.5. Going for Wiggins player props and I hope I can hit it this time. They have a history and Wiggins always wants to prove he is better and T'wolves made a bad decision letting him go.

Yeah, who would forgot the two dunks he had against KAT?  Grin

76ers versus LA LAkers - 76ers -3.5 I do believe Lakers are improving but not as good as to beat the 76ers. Good luck everyone.

Yes, I bet early even before I saw your post. Joel is putting MVP numbers at this is going to be in Philly, so for sure they want to put up a show with their fans. Sixers have gotten over the Ben Simmons drama and they have build a momentum already without Ben.


I think it's the favorites I'll also be going to with tonight, I'll be taking the Warriors against Timberwolves though, instead of 76ers against Lakers.

Lakers are really inconsistent and despite the fact they've been doing much better lately, I'm still not convinced about what to expect from and AD has been a really problem solver since he got back.

Warriors -5.5 would be my bet.

I have to ride on this one, Warriors are hot now, they can't lose at home even against the Wolves although the Wolves are doing well lately. Warriors are already in 3 winning streak, but beating the Mavericks last time with a very big margin is already a good reason why we have to back them tonight.
1579  Economy / Speculation / Re: Market sentiments ? on: January 27, 2022, 03:26:21 PM
Things started looking good, giving a bit relief!!
But wait!!! Again sudden dip of  $5000 in a few hours?? How can we explain it: Are bad actors manipulating it or it just the market sentiments towards downward making such huge pricefall?
Get used to it because this is how market behaves on which its price could neither drop or rise its price on some percentage whether it could really be that deep or nit.When you dont have that kind of experience and awareness in the market then you would surely freak out.

Market players? Theyve always been here since from the start even though this market is uncontrollable on general sense but we cant deny that there are someone who could make out significant impacts.

As a small fry then you should really know on how to ride with the waves and be wise on when to take actions for your advantage.
There is nothing permanent in crypto so we cannot expect for the bullish season to always stay. The bear season will definitely come so we need to  prepare for it too. And most of the time, the dump gets more serious through some market manipulations and with market sentiments that are always caused by the different events in the market.
1580  Alternate cryptocurrencies / Speculation (Altcoins) / Re: There is fear in the market, isn't it time to buy? on: January 26, 2022, 11:23:25 PM
Now there is a fear of investors in the market. Bitcoin has lost over 50% of its ATH since its recent drop, the fear index hit 13, and even altcoins that have held up well on this downtrend like NEAR, LINK, LUNA, FTM have also lost value. Short positions increase Everyone is in a panic, many fix losses and sell....

Does this mean that we have felt the bottom and there will be a rebound soon? Is it time to buy?
Has the market reached the bottom? We don't know. Will the market rebound soon? Yes it will eventually. Today or tomorrow or any upcoming days. The market always recovers after a huge crash. And yes, the fear market is the best time to buy. Bitcoin and all other altcoins are currently at a discounted price. If you can afford to invest, then invest as much as you can to maximize your profit in the long run. If you are planning to sell, then sell only if you are willing to take the risk of timing the market to buy at an even cheaper price. Or else just keep holding until the market recovers. You only make a loss when you sell your coins below your buying price. Even if the value goes down, you still hold the same amount of coins.
Investors and hodlers are only humans so they still feel the same just like others who become fearful this time. And to see that almost all the coins right now are dropping their prices, i think the fear to lose is always there. But does this fear help us in some ways? No, this may even cause us to get panic and lose in the end. And while others tend to be fearful, its always good to be greedy on the other hand as this fear months are the best moments to buy coins with great potentials.
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