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161  Bitcoin / Bitcoin Discussion / Re: We dont own enough bitcoin on: January 14, 2024, 09:34:40 PM
Information is very important, having a enough Bitcoin to hold for a long time investment requires adequate information towards the industry, which is the right time still being open to anyone, just that price of Bitcoin keep increasing in every session of circle that always occur after Bitcoin halving.
The rich can be seen as people that have e ought Bitcoin. An average man or investor can only afford units of Bitcoin which might not even be up to one Bitcoin. Those that have large numbers of Bitcoin are the ones that are able to control the market. The market is huge and it takes large number of Bitcoin for everything to change. The whales are institutions or companies that has high numbers if Bitcoin and they can decide to shake the market if they want. We can still make money from Bitcoin even though we don't know have large amount of Bitcoin by holding it and also staking for as long as we want before we decided to sell.

An average investor could still profit from Bitcoin's volatility even a small amount of Bitcoin. And those you have mentions institute or companies that we also known as whales, even if they hold a huge amount of Bitcoin or can manipulate the market by selling or buying bulk of Bitcoins, people are also taking advantages of those as well, so people can also benefits from their action that's why some have some groups of whale for people to be aware of their calls, you just need to be careful as there are a lot fake whales that can gives you wrong information.
162  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: January 14, 2024, 09:01:29 PM
So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?

I think for me, if you want to go with this so called bankroll management, it should be big in the beginning and so at least you have total control of you big or small you are going to bet as compare to like small budget wherein you can just go and bet a few and then when you are busted, you will be "force" to deposit and go beyond above your normal bankroll.

$50 is small to last for a month of betting, you can just used it in one sports bet and that's it. And not sure about the article, talking about discipline, gamblers are risk takers and reckless to begin with, just saying.

If one person can't afford to risk their money since their salary is not that big., and also doesn't want to bet small amount then they shouldn't gamble in the first place. You really need to rely your amount of betting in your bankroll cause if you have responsibility like paying the bills then you might drain up all of your money. Gamblers are risk taker that's given, but you should always have risk management to avoid finances issue. $50 can still be bet depends on your game, you can still profit by just simply betting $1 every round like sport betting. If it doesn't last for a month then that's fine cause you need to adjust depends your money.
163  Economy / Economics / Re: Will they ever be able to afford a house? on: January 14, 2024, 06:46:45 PM
...

If a person can manage their activities according to the finances then he can settle his life well but if management system is not well settled then there will be hurdles in all the process of life.

If one wants to build a house then it is not easy that without management of money he will do this. For each and everything one should make a plan because without planning it become difficult to achieve all the necessities in life.

Good management is needed for someone to be able to own a house, People who are successful in building a house never happen by chance, they use the best and wisest methods to be able to collect money little by little and finally succeed in building a house. Currently, there are many TikTok, YouTube, Instagram content creators who have successfully built their dream home and all of them are mostly young people under 30 years old, they must be able to take advantage of all the opportunities that exist and being a content creator is currently a promising profession.

Those youngsters are quite smart as they are taking advantage of the internet or social media for them to earn money. Plus they even hire someone to manage their stuff so when it comes to money, someone who's experienced can handle all of their finance, schedules, etc. That's what I observed from some content creators or streamers, they are most likely to succeed if they can manage their finances cause there are still cases of being famous but having no savings and investment cause for sure popularity would eventually fade in just time. This kind of profession is also hard as well especially if you started with zero followers so it wouldn't be surprising for them able to buy a house at a young age.
164  Bitcoin / Bitcoin Discussion / Re: Bitcoin as P2P currency vs Bitcoin as an asset on: January 14, 2024, 02:09:42 PM
The price of bitcoin is too big already and I don't think that we're ever going back to the P2P bitcoin because we just think that it's too precious. It's a sad thing that this happened to bitcoin but it's our fault this has come to this, we saw that value is going to be a thing and so we didn't stop trying to pump bitcoin so we can build our own wealth. I do hope that we will come back to P2P one but right now, I do think that bitcoin's price is just too high as I've said already.
I want to ask you one thing, what is your purpose in joining this market? Is it for profit or are you looking for your privacy? Many people are always upset and criticize others for turning bitcoin into an investment, an asset rather than turning it into a P2P currency. But the funny thing is that they are the same people who are discussing bitcoin price every day and profit is the main reason why they are involved in bitcoin. You are sad that bitcoin cannot become a peer-to-peer currency, but if bitcoin no longer brings you profit and is only used like fiat, will you continue to stick with bitcoin?

Indeed, most people if you asked them what is their purpose in joining and learning crypto is for profit, and if you asked them about Bitcoin they would just literally see it as an possibility to make a profit by taking advantage of its volatility. Some wouldn't even mentioned about the P2P cause mainly the thing that they want for Bitcoin is the profit they could get. It is not that sad or big deal cause it has already given a lot of people the opportunity to change their lives in a good way or bad way. It is still has the possibility for Bitcoin to be used an fiat in the future.
165  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 14, 2024, 10:43:04 AM
Not always the case. Also, if you want to be rich and be independent of working for anyone, how do you feel so relaxed when working? It is something important and you should somehow find time to brainstorm ideas. None of what I’m saying is easy but it’s something that works. I’ve heard of people who have been planning and finally quit their job to become their own boss. They wouldn’t be able to do that if they hadn’t been thinking and planning it the whole time.

I think you got wrong what I have written. Exactly, most employees don't feel relaxed, on the contrary they feel stressed and limited. That is why they have no strength to think and plan. In the end they just make peace with that kind of existence. And start to look for a meaning of their life within the job, corporate structure. But they loose the ability to break through this work frames and dream bigger. Only very very few people, who live that way, stay strong and keep the capacity to move forward.

I understand what you’re saying. It’s not like they intentionally choose to be reluctant but that it’s draining on their end. However, I’ll tell you that having a plan is at least a bold step. Your job may be tiring and doesn’t let you do a lot but just find a way and make a plan (there’s always a way if you look well). Now, you mustn’t have it figured out. Just have a plan you can look back on. Things like this inspire you and even gives you another purpose for the job you’re doing.

It is really hard to make plans if you are working 9-5 hours per day but the rest of your time would eventually be for your break after work so it's like survival every day. Still, for sure those people want to escape that loop and they would think of a plan in their head as a possible way to earn enough money that help them resign from draining work every day. If you don't even have any plan for sure you are just working to survive until the end and there's no goal to achieve which causes the person to not be motivated to work, in life, and escape hell. If you don't find any alternate way to work under a company, it would be hard to be financially free.
166  Bitcoin / Bitcoin Discussion / Re: Succeeded in introducing Bitcoin to a friend on: January 13, 2024, 07:11:34 PM
I can really say that you have succeeded introducing to  your friend about bitcoin and learn from it and eventually invest on it. With just a short period, your friend had decided to invest immediately. But isn't it too fast for him to decide like that? Bitcoin is a risky investment so he should learn to analyze it well if he's willing to take the risk or just learn first and study bitcoin thoroughly until he thinks hey ready and capable enough to invest.
Everyone can invest in Bitcoin, of course they have to understand the risks of the investment they make and when they understand, of course they have made the decision to invest and of course they have to try it with a little capital so that when they make a mistake in investing they are still able to survive. in the investments they make.
What you say is very true, when someone decides to invest, they must study it thoroughly so that they don't make a mistake in deciding to invest which results in them losing the assets they own.

There wouldn't be an issue to start investing to gather experience, but the thing is money is still money, you could still lose it in the process if you just take blindly invested in Bitcoin. Plus the fact that person just starting or a newbie experiencing too many losses would eventually quit and give up, so in short, it's much better to start of with attaining knowledge first and be familiarize then you could start with little amount to gather experience cause it would be better to start off in your trading or investing journey where you can lessen the risk with your knowledge.
167  Economy / Services / Re: [OPEN] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎 on: January 13, 2024, 06:17:18 PM


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168  Economy / Gambling discussion / Re: I could have won bigger. on: January 13, 2024, 05:47:13 PM
~snip~
Someone will inevitably borrow money from you because that's how we all make enough to survive and purchase necessities. If you're tight on cash, your only option is to borrow money from friends or family. However, there are always some who pledge to pay up their loan on the specified day but ultimately postpone it for personal reasons.
 
It's reasonable that if we win later and think we could have earned more if our friend's money had been returned sooner, we would experience regret or a sense of lost opportunity.
This kind of reaction is natural in situations where the outcome could have been different based on the circumstances. and because of this, we ought to refrain from setting any sort of repayment expectation in order to prevent misunderstandings and disappointments.
We can return the money if we win, but what if we lose? How can we return the money? We will have difficulty returning the money. Therefore, we should never borrow money to gamble because there is no guarantee that we can win from gambling. We could lose all the borrowed money, and it will be difficult to return the money. However, we must be able to restrain ourselves by not borrowing money from anyone to gamble because that will only give us problems. With the self-control that we have learned previously, we can restrain ourselves from that, and we should do other things that can provide benefits and make money from other things.
Instead of gambling, there is another way for you to get the money back or pay off the debts you owe other people. You could look for a better job or find another way to make extra money that you believe will help you pay off your debts. After all, if someone only concentrates on gambling as a source of income, they are not thinking clearly and are only living for the moment. They are looking for easy money, but if they lose well, say goodbye to their money.
 

Well, that's true especially if you are gonna take a loan just for gambling, you are just making your own problem that way. The thing is some people consider gambling as an investment where you can make your money grow like the OP from $1 to $50, but the thing is it depends on the financial status of a person if they can afford to gamble with having extra money then that's fine as long as you gamble responsibly if you have issue financially then choose to borrow money to gamble hoping to win and pay your debt, then that's the worst case scenario.

Quote

Therefore, why don't we concentrate on long-term financial goals like having our own savings and investments and creating a secure financial future instead of dangerous behaviors like borrowing money for gambling?


People are tempted to win even with the lower chances of winning cause you wouldn't know that a one-time bet could change your life. But it is a dumb thing to do to risk your loans where the chances of winning rely on pure luck.
169  Economy / Gambling discussion / Re: Know when to stop on: January 13, 2024, 02:58:43 PM
I like how OP stated a lot of signs when to stop when you are gambling but I still see some people would tend to say when someone gave up or quit that " you have missed your chance, you wouldn't know that next round you might hit the jackpot" things like that. Every person has their own limitation in gambling especially when it comes to their finance. But sometimes people tend to forget their state when they are in the middle of the game when they have lost several times they try to recover their losses and take blind of their situation, which is why knowing your limitations and when to stop is a must when you are gambling. This might be common sense for some people but if you are new to gambling you wouldn't notice these signs.
170  Economy / Gambling discussion / Re: Is gambling all about luck? on: January 13, 2024, 10:40:59 AM
It's not all about of luck but sometimes luck dose exist. Ahh let me sheare one think if you are lucky then what happened. I do treading and gambling too. I have prove of luck what happened with me. I traded in previous candle because of gap up opening it refund my amount. We all know that is game of analysis. It also happened in gambling to. Some time analysis not work luck work for you that's the reason luck exist not everytime but sometimes luck make your game.

Trading and gambling are totally different. While the former is entirely based on skill, the later has a mixture of both luck and skill. I'm doing both as well and during my time of leaning trading, the key lesson was never to treat trading like gambling. Meaning that as a trader, one of your main focus is to ensure you don't approach trading with the mindset of a gambler. For instance, the risk exposure in trading is usually less than 2% of the capital, if you want to remain in the business. But in gambling, some people risk as high as 10% or even more. If you base entirely on luck as a trader, within a very short time you will blow your account.

Gambling and trading is literally a different thing especially on how things work, where in trading you can reduce the risk by acquiring knowledge, skills, patient and etc. Of course it is still involved luck cause no matter skilled you are if the market is down, it would be hard to trade especially in a stable market with less volatility. While in gambling, it is definitely pure luck as there's a lot of probability and chances before you have the possibility of winning like having a good hands and jackpot. Even if you are smart, if luck ain't on your side, then you would probably loss a lot.
171  Bitcoin / Bitcoin Discussion / Re: Knowing Bitcoin price history is important on: January 13, 2024, 08:37:30 AM
My trust in Bitcoin grew exponentially when I knew the price history of Bitcoin.

Sorry but I had to stop reading your post right there. The way I see it, you just found a way to f yourself exponentially. It is because the charts only give you the past data. They don't really tell you anything about the future. If you want to trust btc, look at its fundamentals. Look at its adoption rate. See how many mercs do business with btc. A good chart doesn't mean anything if btc fees keeps rising and the network becomes unusable for many people. All of that could come down very quickly. Slowly at first, then suddenly.

How come statistics and data from the past don't give you any idea what the performance is in the future? Even if we take a look at the average fee from the charts we could have any idea when it will have the possibility to increase its value, it might not be 100% since it is just a speculation but you still have an idea what to follow. Even not in Bitcoin, just look at some companies and ask why they keep records of the past years despite not having an assurance that it would be the same outcome in the current or next years. If you are a long-term holder of Bitcoin and don't do DCA maybe keeping an eye on the charts would not be for you since there are still traders that would have to use this data.
172  Economy / Services / Re: [OPEN] JustCasino.io | Unique Crypto Casino | Signature Campaign Up to $80 on: January 12, 2024, 05:17:35 PM
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173  Economy / Gambling discussion / Re: What ugly incident or occurrence have you ever experienced in gambling? on: January 12, 2024, 05:16:10 PM


You can tap on the image to watch the full video. It was crazy to see this kind of luck slip from a gambler's hands simply because his device malfunctioned. It was funny to me, but at the same time, it saddens me. I wonder how bad the gambler felt.



That's so bad that if this happens to me I could have thrown the damn device, hasn't happened to me yet but I hope it will not it's so frustrating to imagine trying to cashout but the device is not working, especially on the crash game where you have to be fast, every second counts on a crash game if you have a heart problem and this happens to you, you will feel dying out of frustration.



That's really so unlucky that you can see in front of your eyes the amount that can help you in many ways. I can't really help but laugh at their reaction, I don't know the language but seems like they are frustrated. I think they would learn from that experience and would change devices when it comes to gambling, when online gambling we need to check the internet connection and the condition of the device to avoid this kind of scenario. We need to be serious with this since there's still money at stake and the amount of winning could also change someone's life. Seems like the device already has a problem but the owner just chose to ignore it.
174  Economy / Gambling discussion / Re: How do you see a gambling review website that has its own gambling website? on: January 12, 2024, 04:48:25 PM
When money is on the horizon, the concept of ethics often fades into the background. People are ready to do anything for money; including writing fake reviews and deleting scam accusation. When someone plans to make a context page it is hard to stay independent, hard to resist the lust of monetizing your website. I think in I can trust a gambling review site only if I am ready to lose some money doing casino test, as I can fully trust only myself and my experience.
Some gambling review sites publish casino review posts to get referrals from each visitor, so their aim is to get commissions and monetization from visitors and traffic from search engines, they receive orders from fake casinos to compile fake review posts to increase their reputation and they have to make every visitors must be interested in visiting the casino site, but they do not use fake casinos to gamble, I suggest to be careful looking for information on each casino site in search engines and focus the search for information on the bitcointalk forum which has real reviews from those who have experience reviewing sites starting from coding, service, security, and other things related to reviews of online casinos.

Some of them are really smart that they use some famous person or have enough popularity to advertise which the influencer would think as a quick cash grab where you would just simply mention their name or make a video of you playing it, cause that's what I'm mostly seeing in the internet nowadays. Even newbies would fall for it as they see streamers play it. When people now tend to say that it is a fake or a rug-pull casino, they would just simply have an alibi that they are paid and not aware of that issue which is a shtty thing to do. People should not always feel FOMO as some people are part of the scammers or paid to lure people into their game and always do their own research, and find out the team of the project if it's legit.
175  Economy / Services / Re: [OPEN] Utopia P2P - Official Android Review Campaign (Newbie - Legendary) 💎 on: January 12, 2024, 04:19:35 PM
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176  Bitcoin / Bitcoin Discussion / Re: What's the view of an average citizen About crypto currencies on: January 12, 2024, 03:24:24 PM

-.-

Also it is not necessary to think that everyone who invest in Bitcoin will make a whole lot of money. There are people who had lost money in Bitcoin. So it is always better to take a cautious route to invest in Bitcoin and one should not invest 100% of their money into Bitcoin.

I still see many people have this misconception, they think that anyone who invests in bitcoin will profit and become rich , and they will also achieve it easily . They are so naive that they do not know that bitcoin and crypto are a financial market and there will be winners and losers , even very few winners and majority losers.

The only difference between bitcoin and other assets is that its volatility is greater and that can help us make huge profits but can also make us lose everything . It's up to us to earn money or not , it's not like we just invest in bitcoin and we will definitely become rich .

That's the fact that most people don't want to acknowledge, which is there will be always risks or pros and cons with Bitcoin cause they are too optimistic that it reaches the point where they disregard the negative side. If people tried to skip the process as they always want to experience win, they would not learn and grow without the losses as well. Bitcoin's volatility is one of the reasons why people love it as they take advantage of it, but there's nothing that you would be rich in just a day, it really takes time for your money to grow it could even take years.
177  Economy / Gambling discussion / Re: A brief advice for the newbie gamblers. on: January 12, 2024, 01:36:03 PM
When newbies start gambling, we can say that they have two options when playing, it's either to continue or quit. It depends on the person's goal when they start gambling, some would aim for a higher profit which can cause several losses, and some would just like to pass the time or just experience the feeling of winning even a small amount. When one experiences winning in gambling they still have the choice which is to take profit or continue, being contented with what you have won and experienced would give a person to lessen their greed and temptation to aim higher. Risk management and responsible gambling should always be involved even just starting or gambling for a long time to reduce many bad effects like addiction, to your health, etc.
178  Economy / Gambling discussion / Re: Do you think women will make better gamblers by their nature? on: January 11, 2024, 06:36:00 PM
I want to put it simply the women can control themselves easily whereas men tend to be angry and stubborn. When a woman gambles after losing 1-2 times then she will immediately stop gambling, but there men will strengthen their attitude and gamble again and again. When a woman wins money from gambling then she gets busy connecting that money elsewhere. But guys will jump to gambling again and again because they need a lot of money to get rich. So a boy gambler is more optimistic by nature due to which his money is less conservative.

Yeah, I think man has more ego and pride whenever they are losing they won't quit until they win or try to recover their loss. This can be applied to gambling since it's a 50/50 chance where it's a win or lose. Women can accept loss as some of them have the mindset of "it is what it is" It's like once gambling experience where the man would go back to take revenge or to win again. Still, I think when it comes to gambling gender doesn't matter as every person has a unique personality and attitude. Even a man can handle their emotions and a woman can still gamble again, so in short, it depends on the person how to handle risk management whether they are a man or a woman.
179  Economy / Gambling discussion / Re: Drug (cocaine) addicts compromises gambling potentials on: January 11, 2024, 06:03:31 PM
Nah, in the first place, the man is already addicted in drugs before engaging in gambling, the fact that he is addicted he would definitely do anything just to have his hands on that cocaine. He saw an opportunity in gambling to have a quick cash grab as he experienced winning but luck wouldn't be always on your side, that reason enough gambling as a source of money isn't recommendable since it's not consistent and stable.

Just imagine you put more logs into the fire what would might happen? When one addiction uses another addiction to sustain the other needs, it wouldn't be balanced as the other one you haven't sustain already catched up. It will literally ruin someone's life just like the OP stated, the man has a stable income from his laundry shop, now that his addiction to gambling also increased, it reached to the point where he would sell his properties just to have enough money for gambling. Well, if he might win for sure it would go straight into the drugs not to reinvest it to his business.
180  Bitcoin / Bitcoin Discussion / Re: How Do I find a Balance Here? on: January 11, 2024, 01:30:41 PM
I think to create a balance between them is not too hard and all what you have to do is to split the investment into two and use part of the money to start the business and keep the rest in the non custodial wallet. But you have to know the advantages and the disadvantages of accepting Bitcoin in the business. And yes if you accept Bitcoin in your business, it will make Bitcoin to be more popular in your location but before you accept Bitcoin in the business make sure that government doesn't restrict Bitcoin in your country.
Op does not want to start a business that accepts BTC, what they want to do is support a business they know that just began accepting BTC as payment, and by support, i mean spending some of their coins as payment in the shop, but op is a 'holder' and that is why the decision to either continue holding or to spend some on things they need is a tough decision to make.

My input to the op is that they should understand how some of these merchants who accept BTC operate, most of them do not hold BTC and they use a payment processor to convert BTC to fiat or to another currency they prefer, so if you don't want to spend your coins, don't do it, you can spend fiat in the shop or create an online wallet where you store < $100, which will be for spending on the go.

Yup, that's how I've also interpreted OP's post, for sure, they use Bitcoin as an alternative payment since some countries Bitcoin is already famous, so some customers would ask if they have Bitcoin payment. Still, it doesn't mean you would be mandatory to pay in Bitcoin, it might be considered support but if you just want to hold Bitcoin you could still pay in cash or other digital payment. Especially in the current market and the news about Bitcoin ETF, it would be possible for Bitcoin to reach its new ATH this year so people are holding their accumulated Bitcoin.
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