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1581  Economy / Economics / Re: Why is money ruling the world? on: April 13, 2023, 06:20:51 AM
Quote
Re: Why is money ruling the world?
Because it can buy everything, and when I mean everything, I mean everything that you can buy, money can buy it.

Luxuries, guns, bombs, land, everything that you think, money can buy it that's why it is ruling the world right now. Some might say that money can't buy happiness. Yes it's a famous quote back in the days maybe, but now we know that even money can buy happiness. Not directly happiness, but you can buy things that you love, and that action will make you happy.

If you want to survive in this cruel world,  you need money. If you need to buy something you neither need or want, you need money. Without money, you will not survive, and maybe that's the reason why people are working. Money is a necessity and without it, we will not live long.
1582  Economy / Economics / Re: using credit card on: April 13, 2023, 03:05:24 AM
i am studying in college, i was really excited to get my first credit card Wink. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.
I've seen many people who got broke, and until now are still broke because of wrong use of Credit Card.

Since they got that card, they are shopping here, shopping there. Swipe here, swipe there. Buying things they just want because they thought that they have money, but they overspent, and now having a hard time paying their debt plus the expenses. Well, credit card being a double-edged sword can be prevented still if you are disciplined enough to not overspend. Don't buy the things that you don't need using credit card, and before using it, make sure that you can pay it within a certain amount of time, or don't use it. DISCIPLINE IS THE KEY.

at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.

before i knew it, my credit card balance had  blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.
I already put it in Caps Lock. Discipline is the key.
These are the problems those people who can't prevent themselves from overspending using their credit card are facing. They believe that they have free money thru their credit card, but that mindset is a mistake.

it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.
Good for you that you know how to budget.

Not all people know how to budget their expenses. I myself isn't good at budgeting my money, but the good thing is that, I'm frugal enough to at least save some money for emergency funds, and for investing. Currently, I'm not using credit card because I don't know where can I use it. Making tough choices is very essential for our life. Sometimes, we come to a point where we are thinking which is better between the 2, and deciding to sacrifice something for the betterment of the other. In your case, cutting back your expenses, so you can pay your debt is a good choice. Debt over everything.

i am weak at economy, is it wise decision to use credit card?
It depends on the person who has credit card.

It's wise for a person who only uses credit card to buy the things they need, and don't overspending on it. On the other hand, it isn't wise for the people who are using it to buy the things that they want. There are some saying that you should avoid using or having credit card, but why? I mean I can have a credit card if I wanted to since I know that I'm disciplined enough to know when to use it or not. It all comes to the person who has it, and not the credit card itself.
1583  Economy / Gambling discussion / Re: 2023 NBA Season on: April 13, 2023, 01:52:00 AM
Obviously a huge game tonight for my Chicago Bulls which is tipping off in order a half hour at this point.  I'm curious as to what you all think, do you think the Bulls are going to be able to take out Toronto, or do you think Toronto and my Missouri Valley Conference boy VanVleet are going to be too much for them?

Either way I put a few satoshis down on my Bulls at +5.5.  I really doubt they have any chance to even make it out of the first round if they make it in, but we shall see.
Your Chicago Bulls won on the road against the Raptors.

I just hope that the Raptors will not be haunted because of how awful they shot on the free throw line. 18/36?? In a must win situation, and you are shooting that atrocious? They also have an opportunity to tie the ball game with 3 free throws in the final seconds, but Siakam only shot 1 out of that 3 free throws. What if they shot even better in the free throw area? They would've won that game, but instead they're the ones who got eliminated in the play in tournament.

Nothing, but disappointment if you're a Raptor fan knowing how big Raptors fans are to the point that they are even watching outside the arena.
1584  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: April 12, 2023, 03:09:58 PM
I lost both of my bets today, but the good thing is that I put my bet on the Lakers to win the game when they are down by double digits at some point of the game. It was one of the best play-in game that I've watched since they added it. Heat also did ended the streak or 7th seeds because they're the first team to lose to an 8th seed since they implemented the play-in format.

New Orleans Pelicans - Oklahoma City Thunder - New Orleans Pelicans (-5.5) Vouching for the Pelicans here. No Jose Alvarado which could've been a great addition to their defense but with the help of Herb Jones and Trey Murphy, it might suffice to stop the Thunders. Ingram and CJ might go nuts in this game with their offensive powers.

Good luck everyone.

OKC has been underrated this season, and I also like the home team. Therefore, I cannot decide which team to bet on. I might pass on this game or just wait for a live betting opportunity. If the ML odds for Pelicans become attractive, I may consider placing a bet, but that will only happen if the scenario is similar to the Lakers vs. Timberwolves game.
Nobody expected the Thunder to play this well the whole regular season.

Many expected that they are tanking to get another young draft pick again, but they played really well, and got the final spot of the play-in tournament. TBH, if they lose against the Pelicans, there's no hard feelings for them because they are a young team still, and this will be an experience for them. I just hope that Holmgren will be playing next season already, so he can help SGA on offense. Credits to Thunder coach as well.

As for betting, I think it would be better for the bettors to wait, and bet on live. There might be a chance that the Thunder can get the lead in the early parts of the game, and who knows. We might see an upset. Cheesy
1585  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: April 12, 2023, 02:28:27 PM
I like that script Kabayan, lucky to those who really applying that mindset as they really enjoying the betting side of this series, we can't remove that mentality with fans and bettors as they understand how the business works and how profitable it can be if the series will proceed and make more games in extending the series.

Congrats and I see that you are going to make good money in it, as you really have that nerve in taking the risk when placing your bet.

The game seemed to be very predictable, as it looks like they want to extend this series to at least six games. Brownlee not scoring well is questionable, so it's hard to rely on our emotions. We should play smart and, by doing so, it seems like Ginebra should win the next game.

Bet against the Public, it will work in PBA like a charm.
When you watched PBA Finals games for numerous times already, you will know what can happen in the first 2 games. Smiley
Like what I predicted, and I guess many here already knew the outcome of Game 2, and for sure they put their bets on TNT on this one.

TNT is leading by 12 points at halftime then suddenly Ginebra made a huge run in the 3rd quarter to close the gap, but in the final minutes of the game, TNT really took the momentum, put their lead again in double digits, and eventually win the game. Hollis-Jefferson ended that game with an emphatic dunk at the final minutes of the game, and you can feel the emotion, and he really wants to give Ginebra a good fight. He finished the game with an almost triple double 23 points-19 rebounds-9 assists. Brownlee on the other hand got only 12 points.

A nice adjustment for the TNT to tie the series at 1 a piece. Now Game 3 will be much harder to predict now because anybody can win. I don't know if it's just me, but I think I'll go with TNT on this one. Cheesy
1586  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: April 12, 2023, 08:35:37 AM
TNT over 108 points - I think this bet is a good one too, especially since they didn't score well in game 1. If they make adjustments, they should be able to score their usual number of points. Alternatively, if this game becomes a tight one and goes into overtime, it would also favor the bet I chose.
I'm also thinking the same way to be safe, as Ginebra could win this game too. Just to be safe, it's better to bet on TNT's performance that they will improve their game. Or maybe I'll just wait for live betting opportunities as there are plenty of them to be seen.
I already went all in for TNT @ 1.67.

I've been watching PBA playoff games for a long time, and so are most of the users here. We've seen already that whenever a team wins in Game 1, the opposing team will win in game 2. Will it happen this time? We don't know, but the chances are high that the TNT will win on this one. I also saw a -3.5 spread, and I would want to bet on that as well on Stake, but didn't have much funds anymore. Cheesy.

Still, I might be wrong that the TNT will tie the series, but there's a high chance that they will because of how teams are playing in the past years in the PBA Finals. Just look at the first 2 games of the PBA Finals on the recent Philippine Cup, and Commissioner's Cup.
1587  Bitcoin / Bitcoin Discussion / Re: we don't have proper education on bitcoin. on: April 12, 2023, 08:05:02 AM
Please correct me if I am wrong
Even in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin. Sad Sad Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin.
Governments are the ones who are fixing the curriculum to different schools.

Unfortunately, schools will not teach us anything about money, or even in investing in general because Governments simply don't want to. I'm not saying all, but most especially here in our country where they aren't teaching those kids about money, and investing, so why teach Bitcoin. Another reason that I know is that, only a few people know the basics of Bitcoin, and on that few people who know it, only few are willing to teach it to other people.

You said third-world countries, and I'm from a third-world country, and I will say that I will agree with you. I don't know the exact percentage of people who knows Bitcoin here in our country, but I'm predicting that it's less than 10% or even 5% which is kind of saddening TBH.

Is there any way to solve this problem?
2 ways that I think will work:
1. Governments will implement Bitcoin in the curriculum on both secondary, and tertiary. I don't know if this will happen, but I think it will work.
2. Social media. Right now, social media has been our source of information for years. We've seen numerous videos with regards to Bitcoin and cryptocurrency in general on different platforms especially on Youtube. The problem is that, most of the people prefer spending their time watching entertaining videos than educational videos.
1588  Economy / Gambling discussion / Re: 2023 NBA Season on: April 12, 2023, 07:26:31 AM

I'm sorry for posting it here, but this picture really is something unusual for me Cheesy. I mean we've seen Lillard's Dame Time gesture, but this gesture is the one I've seen for the first time, and it's just very good to see your teammates having the same gesture after hitting a game-winning shot. Unfortunately, Davis spoiled it with his foul against Conley, but he apologized in an interview.

The Lakers are 10-2 when Schroeder is scoring 10+ points, and now he got 21 to help his team retain that 7th seed and will face the Grizzlies. TBH, I'm not impressed with how the Lakers played tonight. Many expected this to be a one-sided game because of the problems that the Wolves got. No Gobert, no McDaniels, no Reid, Towns in foul trouble, Edwards not having a good night, and the Lakers are down almost the whole game, but anyway, a win is a win, and I hope that they will not play the same when they face the Grizzlies.

P.S. The Timberwolves has now 19 losses after leading by 10+ points. It's the 2nd most in the NBA this season. Cheesy

Atlanta winning in Miami was rather surprising. Miami dug a deep hole in the first half where they couldn't get out of. Lucky for Miami they have another shot vs the Raptors or the Bull. If they face the Raptors this might be the exit for them, against the Bulls I think they will advance.
I don't know what's the problem with the Heat this season. I mean they're the last in terms of scoring, and they've been having a hard time winning this whole season. In this game against the Hawks in their home, the Heat are down by as high as 21 points, and whenever the Heat will make a run, the Hawks will make their own as well. It's like they are just trading points, and can't defend at all. Anyway, they lost, and will wait for the winner of the 9th-10th match-up in the East.
1589  Local / Altcoins (Pilipinas) / Re: AirDrop Lovers PassoooooK ;)NEW Update: WTF AIRDROP!! on: April 12, 2023, 07:12:27 AM
Simula nung naging successful yung Arbitrum Airdrop, nagkaroon na naman ng kaunting hype ang airdrops sa ngayon.
Alam naman natin kung gaano karisky ang airdrops. Need mo ng kaunting capital para magkaroon ka ng chansa na makasali sa airdrop. Minsan hindi pa sure kung magkakaroon sila ng airdrop or hindi.

Pagkatapos ng Arbitrum Airdrop, merong 2 na projects na ang sa tingin ng karamihan ay magkakaroon ng airdrop. Itong 2 na project na ito ay ang zkSync at Starknet. Nakapanood ako sa Youtube kung paano tayo magiging eligible sa airdrop nila pero take note pa rin na hindi pa 100% sure na mag-aiairdrop sila. Ito yung video na napanood ko at maipapakita dito kung paano tayo magiging eligible sa airdrop kung sakaling meron.

https://www.youtube.com/watch?v=BqoUoKjQOjg - zkSync
https://www.youtube.com/watch?v=ApQWB_qQZ3A&t=51s - Starknet

Good luck sa mga sasali sa airdrop. Binabalak kong itry yung Starknet pero di ko pa alam kung ilan ang kaya kong irisk para lang maging eligible.
1590  Bitcoin / Bitcoin Discussion / Re: Bitcoin Bear Market on: April 12, 2023, 06:40:35 AM
A bear market can be a frustrating time for bitcoin entrepreneurs mostly, but those who are able to adapt and navigate the market conditions can still be successful, meanwhile. A bear market can make it even more unpredictable, increased competition and lower profit margins for existing bitcoin entrepreneurs.
I think there're more problems facing bitcoin entrepreneur in a bear market that I don't even know about as a Newbie.
Why focus on the negative side of the bear market? You know who are the ones who are thinking that way? Newbies like you who don't fully understand the market. Well, you said that you're a newbie anyway, so I guess you need to do some research and educate yourself as well.

It's frustrating not only to Bitcoin entrepreneurs like you mention, but even for the investors who bought Bitcoin at it's peak or near to it. On the other hand, there are traders who are still profiting whether it is a bull or a bear market. Overall, there are some benefits of bear market still especially if you took the opportunity, and bought it at a lower price. Bear market being unpredictable? In what way?

Like you said, investors and entrepreneurs really need to adopt to how Bitcoin moves, so that they will be a successful one, and earn profits from either bull or bear market.
1591  Alternate cryptocurrencies / Altcoin Discussion / Re: Why does Cardano get so much hate? on: April 12, 2023, 03:25:56 AM
Too much hype, low to no upgrade to the project.

I guess the fact that they are very slow in terms of making some upgrades to their projects is the reason why they are being hated, but TBH I can't feel the hate on the project... or it's just because I'm not following the project that much. Cheesy. Maybe another reason is that, they are saying that they are the "Ethereum Killer", but developing very slow, and like others said here, they are overhyping the project too much, but the progress is very slow.

Still, Cardano is one of the top tokens right now in terms of market cap, and it has been there for a very long time. It just shows that there's a huge community behind it. I'm currently holding, and staking Cardano for almost a year already, and it's always good to earn coins just by doing nothing though I'm thinking of selling it already, and purchase Ethereum.
1592  Economy / Gambling discussion / Re: 2023 NBA Season on: April 12, 2023, 02:57:58 AM
DeMarcus Cousins came out and said that he believes he is the third best center in the league right now. That’s a little crazy when you think about how few games he’s played the last 5 years. No doubt he’s a beast and probably deserves a chance. There must be something keeping him from being signed though and I think it’s his attitude not any blackballing.
He is one of the best centers in the league in his prime, and even when after he got injured, he is still putting good numbers even though he is only a bench player unlike when he was in Sacramento and New Orleans.

He deserves a chance, but nobody wants to put a risk on a player who is injury-prone, and has a bad attitude. We know how bad the attitude of Cousins is when he played in the NBA, and add the fact that he is injury prone already. I guess if I'm the GM, I will not sign that player. The good thing though is that, he will be playing in Puerto Rico in one of the teams there which is a good thing. I just hope that his attitude will change there, and play better, so that NBA scouts will look at him again, and who knows. He might return to the NBA a few years from now.
1593  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: April 12, 2023, 12:09:07 AM
It's been a long time since I put my bets Cheesy. Anyway, here are my bet's for these 2 play-in games.

Miami Heat - Atlanta Hawks - Miami Heat
- I think that the Heat will retain that 7th spot. Currently, they are down by 9 points, but it's too early to say that they lost already. Anyway, I still believe in Playoff Butler where he shines the most, and let's not forget Bam, and Herro.

Los Angeles Lakers - Minnesota Timberwolves - Los Angeles Lakers (-8.5)
- The odds of the Lakers winning the game isn't that attractive anymore because many expects the outcome already, so I put my bet on Handicap, and I think that they'll cover that one, and retain that 7th seed.

Good luck to us bettors. Smiley
1594  Economy / Economics / Re: Invest your money wisely - another lesson, Techie tries to suicide. on: April 11, 2023, 11:07:28 AM
I wonder how did he lose that much money. I mean in what way.
1. Did he got attracted and fell into these typical investment scams that are promising very high return in just a short amount of time.
2. Did he invest all of that money into some new projects out there or a low-market cap coin.
3. Did he trade, and lost eventually.

P.S. Well, thanks to @Poker Player for clarifying because as I'm posting this, I saw his post, and I saw that the guy lost his money into gambling, and he even tricked his mother. This just shows how ridiculous a person can think when it comes to gambling to the point that he will fool anybody, and even your family member.

Just save up your bitcoins in cold storage, only buy what you can afford to lose and most importantly don't fall for the traps of crypto space.
Bitcoin is the only savior in crypto and if you own the keys, you win the market.

I would agree except on the part that Bitcoin is the savior of crypto. Cheesy

Savior of crypto? Like Bitcoin is "God"? I mean come on. Many people are using different words with Bitcoin that isn't related at all. Bitcoin can't save you in crypto? What if the bear market happens? Will Bitcoin prevent you from getting your money lost? Will Bitcoin save you if all those altcoins go down? Bitcoin isn't the savior whatsoever. Bitcoin is just an investment, an asset, and a currency that's all.
1595  Economy / Economics / Re: Quit borrowing on: April 11, 2023, 07:40:59 AM
Quit Borrowing? Why should I quit borrowing money.
Robert Kiyosaki is using debt to earn more money. More businessmen are borrowing money on the banks so that they don't pay taxes. Why should I quit borrowing money if I know that I can earn from the money that I borrow.

After all, it all comes to where will you use the money that you borrowed. We know that there are 2 types of debt which is good, and bad. Good debt is what businessmen like Kiyosaki are doing. They are borrowing money to earn more money thru their business. On the other hand, bad debt is a type of debt where you will use that money to buy something that you just want, and it will not generate any income for you as the borrower.

There's nothing wrong in borrowing money because I'm also borrowing money just to have money to invest. I can pay it monthly so there's no problem for me. Borrowing money to invest is a good thing while borrowing money to buy things you want is a bad thing. Don't say to us that we need to "Quit Borrowing" because it all depends on the use-case of that money.
1596  Bitcoin / Bitcoin Discussion / Re: Can you consider yourself as a risk taker if you buy bitcoin? on: April 11, 2023, 07:16:37 AM
Quote
Re: Can you consider yourself as a risk taker if you buy bitcoin?
If you already bought an asset, you are considered as a risk taker already because you are taking the risk of a potential loss.

It all comes down to how risky an investment or an asset maybe. Bonds is an asset with the lowest risk. Stocks has more risks than Bonds, but lesser than crypto, and speaking of crypto, it is for me the most riskiest investment currently. As long as you invested into something that can't give you guaranteed returns then I guess it is considered a risky investment. Whether it will be precious metals, or things you got from an auction, or an NFT whatever, as long as it's an asset, you are already taking risk because you don't know if you will get profit or loss from it. I forgot that business is also added because you are risking your capital into building one.

Well, I already bought Bitcoin years ago, so I guess I can consider myself as a risk taker already.
1597  Economy / Gambling discussion / Re: 2023 NBA Season on: April 11, 2023, 06:53:48 AM
Suns picked Clippers instead of Warriors. They could've won the game if they wanted to, but lost to Clippers and became play-off first round opponents. This is pretty logical as they avoid the last champion. Paul George's return is still unknown.
Just imagine if the Warriors are the ones that the Suns are facing. Cheesy

The defending champions Vs. the supposed champions of this season because they are at the top in sportsbooks to win the championship when they got KD. What will Durant feel if he got beaten by the team he left because he wants to be the main man on the team? Cheesy PG13 will not return at least in the first games of the Suns-Clippers, but I hope he will be just ok. The roster of the Clippers are very deep. They got shooters, defenders, reliable big, all-star player, reliable role player etc. but I just don't know if they can defeat the Suns with or without PG13.

Lakers won but it wasn't enough for 6th place. They need to pass play-in rounds now. Pelicans is also in form but Lakers wouldn't make mistakes here.
I think they have a huge chance that they will retain that 7th spot, and will face the Grizzlies in the first round. After what happened to the Wolves in their last game, and add also the injuries from McDaniels who is their elite defender, and Naz Reid who can stretch the defense of other teams, I don't know if the Wolves can defeat them, but who knows. We might see an upset coming from Towns and Edwards. Cheesy
1598  Bitcoin / Bitcoin Discussion / Re: What if they tried it on: April 11, 2023, 03:25:20 AM
How will they do it? I mean I'm thinking of possible ways for them to seize our Bitcoins, but I can't think of any.

This is also the reason why many people here doesn't recommend storing your Bitcoins into some centralized exchanges because the government can just file a lawsuit against them, and then when they become successful, they will seize the Bitcoins like what they did to Chipmixer.

How realistic is this to happen? I don't think it will happen, but they are capable of doing it just by passing some laws. Overall, this is the reason why I always wanted to put it on a wallet that I have a full control of it. I think it's a good thing that there are countries that aren't doing this kind of thing. I mean there are some countries out there who are either crypto-friendly, or just a neutral, doesn't say anything with regards to crypto, and just letting their people use it.
1599  Economy / Gambling discussion / Re: Terrence Crawford vs Errol Spence - June 17 on: April 11, 2023, 02:18:39 AM
Is this final and official though? And they have a date already but no official announcement? and they want to tell the public and  claimed the official announcement is expected at Gervonta Davis vs Ryan Garcia on April 22nd?

I still one of those who still wanted to see this fight despite the initial negotiation ended up dead and all fingers are being pointed to the camp of Crawford as the one who stalled the fight and he has pictured to be ducking Crawford. So if it happens then mad respect for him to accept it.

Don't expect until it was clear in the sky that everything is official.

Although lots of sport news website gives buzz on that news, to avoid being frustrated, we just have to wait for the official announcement. I'm looking that this fight will now happened as people are too sick on these expected fight but will fail at the end.

Intense announcement! let's wait.
This is also what I'm waiting. The official announcement.

Like you, I've also seen numerous articles regarding the fight. Some are doing a bit of a clickbait-y one saying that it's done, but if you will read the article, it says there that both parties are still in talks. Well, if this match will be happening, I guess boxing fans will be the happiest fans this year. Cheesy

I mean Tank Vs. Davis, and Spence JR. Vs. Crawford, and I expect more in the future for some popular boxers. That 2 fights alone might be a candidate for battle of the year.

Save the date, April 22, that's the ETA for the official announcement of this fight.
Will wait, but will not expect too much from it, so that it will not be that hurtful just incase it will not happen. Cheesy
1600  Economy / Speculation / Re: Bitcoin can do 30k$ this month? on: April 11, 2023, 02:08:10 AM
Well, it's a surprise for me that it reached the $30,000 just today.


I mean it wasn't really a surprise, but to see Bitcoin surpassing that price after moving sideways for almost a week made me surprised. It seems like the bulls got the control already over the bears.
I guess congratulations to those who bought Bitcoin at a lower price. I see $30,000 as a psychological resistance, so I expect that after this unexpected price increase, the price will go down below $30,000 again. Just my speculations.

Anybody who can share why this happened? Any news? Or it's just that investors bought and nothing more. Cheesy
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