I think I read it here or on reddit somewhere and I talked about it before. I believe that money is like a key and life is filled with doors, the more money you have, the more doors you can open and if you don't have money then you do not have that many doors and you would live a limited life, if you have a lot then you can open all the doors and can decide how you want to live.
My life is very limited because of money, I need at least another 10-20 thousand dollars to just cover the "dreams" that I have which is very small, like see another nation, get another thing for my house and so forth, but considering the situation we are in, I would say that it is not going to happen, and I started to learn to live with that.
I think that we can find opportunities to achieve what we want when we begin to believe that it is possible. If you believe that you cannot achieve something, then it will become truth for you. I understand that everyone's situations are different and sometimes it seems that changing something is very difficult, but I also believe that in any situation we can find opportunities if we want something very badly. Not everything will work out right away, but we need to take one step at a time, we overestimate our capabilities in the short term and underestimate what we are capable of in the long run. Believe on something and you'd achieve it eventually. But to think on a more practical way, money is really necessary. Let's day you want to start a business, then a capital must come first. You are hired in a good company, you need money to sustain you with your first month and not to mention your application period and other necessities.Taking one step at a time is indeed right but in every step, unfortunately, money plays a key role nowadays; just think of how expensive living is, today. No matter how we want to set aside monetary factors, it is just the present situation which would tangle money with our lives. This is how powerful these pieces of paper are. If you have the privilege to not stress out about it then that is better but we cannot bend the fact that not all people have that kind of state. |
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Ofcourse there won't be simply because there are no professionals specified in this industry. All people are learners from this technology which is still under development. There are books and articles to be read but those are just historical details and nothing more. I am hearing and seeing news that Bitcoin is being taught as a course to some countries which for me is quite not clear given that acceptance of this technology is not even yet resolved. It is okay to share your knowledge about it. It is fine to know that students are curious about this industry. But isn't it too far to make it an academic course? If it is just a pop up topic or subject, that would be easily considered.
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I will share a little of my experience when I invite some friends who like to bet at local bookies.
A few months ago about 4 of my friends came to my local town house to bet on a football game and after a while they were arrested by law enforcement in my country because I live in a country where gambling is strictly prohibited and there are laws in it. They were all jailed for several days and had to pay fines to be released from prosecution.
Here I feel sorry for them if they have to deal with the law again so I teach and give them an understanding of crypto casino, after understanding I suggest using crypto casino which I believe they can use as well so they can bet on every sporting event freely and without having to afraid to face the law again.
And what concerns me is that one of them actually becomes a gambling addict in a crypto casino. It was a pity that he had lost his senses and forgot about his responsibilities as the head of the family to the point where he was more concerned with money at stake.
From that incident I felt very guilty for inviting him to bet at a crypto casino until he became an addict.
I want to ask for advice and input from members here, what should I do to deal with this friend of mine and how should I react to it because he became a crazy gambler because of my invitation.
This should be a lesson. Not because you do want to help, you'd already provide the help; think of the consequences. It is never advisable to support an individual in gambling because of the risks involved. But no matter what, and if the cited situation is true, be a friend to him. Help him morally to regain atleast his mental state. Also, try to accompany him with other activity not involving risk and money such as sports and the likes to somehow calibrate his drive to gamble. Also, do not blame yourself for everything because that's his decision in the first place. It is solely dependent with the gambler on how would he end up after playing; broke, victorious, or just fine. Lastly, seek for professional help becaause addiction is not something to be cured in an instant and with ease. |
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I recently discovered that I signed up for a casino without thoroughly reading its terms and conditions agreement. But of course this was entirely my fault even that I am still bothered by the withdrawal requirements on deposits. It is well known that deposit bonuses or any bonus offered by a casino will have wagering requirements that goes to x50 or more. What truly concerns me is the 5X wagering requirement on normal deposits without any bonus in order to withdraw the initial deposit or winnings.
To clarify things better here is an example : if you were to deposit $1000 and win $200 in your first few games then you wouldnt be able to withdraw your winnings or even your deposits without wagering at least $5000. This means that 80% of the time, you would lose your money before reaching the required amount.
In my opinion this term is unfair. I am not attacking any specific casino, but I do believe that if users were aware of these requirements they would be less likely to deposit their money in such casinos since there are other casinos without such stringent requirements.
That's huge for a wagering requirement. In most of the gambling sites I have encountered, they are simply putting a minimum amount for withdrawal but that is a fixed amount. As I've read through this topic, Trustdice is the referred gambling platform with the mentioned wagering amount. It is a popular gambling site in this industry as well as good reputation so I guess they would have a reason for this. One possible reason is ofcourse as a marketing strat to push people to deposit more whenever they are losing or to go all out until the capital is done. But on the other end, gamblers would be forced to make their capital smaller in order to reach the wagering requirement easily. But rules are rules no matter how we look at it. If you cannot carry the 'line' for this site, there are others to choose from. |
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I can only remember a bet which I think was ridiculous; a month before when I was still hooked with boxing matches and it happened that for the whole month, there's no exciting line ups to bet my money with. And I came across with a debut fight in a local tournament and happened that betting is involved. Since I was in thirst of betting that time, I tried to bet and simply based on their appearance; bigger would be advantageous. And yes, I lost my bet because the smaller fighter won 'coz he used his speed as an advantage. Ridiculous I guess because practicality should be considered in sports; fighter's agility will always be an edge more than size. Definitely an expensive way to learn in this industry; lose your bet.
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On my end, I view this strategy as increasing the risk. Also, this would only work if you have a huge capital in order to sustain your 'double the amount' bets, which is something not advisable. Winning will never be certain to most of the gambling games which is why for me, invalidates the idea of doubling up your losing bet in order to make up for it.Imagine you are just on a losing streak because you are unlucky for that day, and you pushed this strategy; how worse could situations be? This strategy is somehow a way to push through with gambling; like forcing to win against the house. Something which is forced won't end up good. It will always be better to just be aware of your losses in order to control it. |
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A gambler should never allow emotions to affect his gambling habits; will always end up with a problem. What is ideal is to remain calm whether you are winning or losing 'coz your next bet won't have certainty as well. If you happened to lose in a bet, you cannot assure that you'd be winning on the next one so what's the need to be frustrated about it? I get it; every emotion is valid but the only thing a player could control is the emotion and not the outcome, so better be responsible of it.
How to deal with frustration? Pregention is better than cure, set limit already, before engaging with gambling. Next, accept that losing is more likely to happen and instill that there are lucky and unlucky days for a player. Learn how to stop when needed; if you are continuously losing, that should be an enough sign to take a pause.
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There's no such thing. First of all, they won't track your losses and winnings as well as your betting habits. Also what would be their basis to tag a gambler responsible? Casinos would only want to have more players on their platform whether you consider yourself as responsible or not, that would be none of their business. People are different with one another; some are just more fond of betting huge amounts because they fan simply endure the consequence. However, there are those who are simply not playing with a sense of responsibility with their funds but still, that would be a gambler's personal issue and no one would mind to interfere with that. Casinos in the first place won't be sued for players who are losing that much, they just provide the platform.
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Ideologies of such might really be working to them and there's no need for us, who are not having the same belief, to marginalize them or even criticize what they are doing. Remember; if it works then it is useful. It could be that they are lucky or the strategy itself is just valid or working. On my end, I still look at gambling as a faster way to lose money than with investments. Gambling strategies won't be famous if it did not work its proponent, therefore, discriminating won't do you any good. To name one, martingale is one of the popular strategy but for me it just a way to double the risk and put you into bigger tendency to lose more. But if you would ask others they are still doing such strategy because they're used of it.
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You won't know unless someone actually catches those gambling sites doing something wrong or rigging the results on their games. This is to show proof that such thing do really occur in this industry 'coz most of the time, you'd just end up being gaslighted that "it is not your day, come back the other", which on the other hand, has a point. This would only be questioned if none or only a few are winning on different games which is also something difficult to come up with because a long survey would be required to know it. However if you are having a feeling of being cheated by the house, you are free to move towards other platform annd if you would still end up losing, take a rest or a pause to shake things up. Gambling relies on one's luck in the first place.
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Well, we could say that lottery is more accessible to players both casual and actual gamblers. One reason is the fact that most of the lotteries are registered under government sector simply because it is taxed, therefore it is allowed to operate to some countries inspite of prohibition with gambling activities. I'd say the drive that a player would feel in lotteries could be a bdrige for them to be more thrilled with other gambling games. It won't be an instant addiction because that would depend solely to the player whether he/she would be too dragged with the idea of earning money easily and in an instant. I am not actually sure, maybe you should open a poll to know how many people are interested with the lotteries but personally I think the good way to engage with gamblers is through good promotions, actually a lot of promotions to be given to the users as that would keep them playing in the website if they know there's a lot of perks they can receive through promotion and seasonal promotion like Halloween, Christmas or if there's a major league you can have seasonal promotions to those and I think that's what players wanted rather than lottery.
In terms of making a player stay on a certain gambling platform, it won't depend alone with bonuses and promotions. Other factors would also be considered by players to continue playing and not to stop in an instant. To name a few is overall gambling experience which could be in form of games being offered. Ofcourse anyone would bore out playing one gambling game only. |
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What if the governments across the world attempted to seize all of your crypto assets like the US seized all gold from their citizens in the 1900s. Now I'm seeing articles talking about how the US government is trying to be able claim private property.
I think that ultimately this would be very challenging for any government to successfully accomplish. This would cause a revolutionary period again in our world I imagine....
I don't know if you have the current source, because that's not new news, on the other hand there will always be a satoshi for the people, (maybe forever!) Then, you using the adjective, phrases, words: seize + US government + private property, it is tabloid news and add you "What if the governments across the world attempted to seize all of your crypto assets," come on! It's "straw," You are creating fake opinion matrices in the possibility of..."guess". Maybe he was just trying to cite some scenarios; quite ringing a point on my end since there are issues right now concerning downfall of banks and fiat, so maybe he's just worried. But to answer and support factual claim, it would be impossible for governments to seize crypto assets or holdings because in the first place, things are decentralized, unless they'd use force but that would consume most of their time. Also with the comparison of what happened before in 1900s, gold is tangible and is something which could really be confiscated or seized and it happened that cryptos are not. They may only restrict its usage but won't be able to gain the possession. |
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The world is already embracing technology in all spheres, including health, agriculture, finance, transportation, and many others. Now, when it comes to AI and automation, most machine designs only require operators to send commands and the task will be completed and most importantly, it reduces the costs of employing people but even at that where do we expect these individuals to feed so it has its own disadvantage, many will be losing their jobs. the best thing for young people now is to go into tech. and since it's good but the impact is severe on the people.
I'd say it will just be an easier way for workers and employees to accomplish the job and not a total replacement on their end. Decision making, empathy, and other skills which requires thinking are functions a human have while AI don't. They do have the information but things won't work that easily for these projects to function alone. The goal of technological advancements is simple to ease our way of living and AI projects are simply part of technological revolution. What is happening right now might be overseeing what will happen wherein in the first place, economies won't allow people to stop working simply because economies won't run without people's money and taxes. There'll be just changes more likely. |
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This is how investment works; not only giving you potential prodit but also provides in times of need. However this is also the downside of any investment; ofcourse plan would be holding for years but we just cannot be certain of when will that time be, and there would be instances that'll push or force us to go against what is planned, and that thing is called emergency. Glad that OP will be able to aid what he is needing but this should not be the end of line for him. He may again accumulate an amount to invest, someday if not today. Keep in mind that it will never be too late to engage in an investment especially in this industry which has just began its progressive growth and is potentially good for long term holding.
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If I got it right, this season is already percieved as altcoin dominance over Bitcoin which can also be seen with the rate of increase on altcoins and also by filling green marks over the market. However, this is not yet certain and we will never be certain of how will this market behave in general. Price movements are either being overlooked or underestimated by investors. It is still months before this year end and there's much more to take place without notice. What is only obvious is that, we have seen an unexpected increase early this year. Question is; would it be continuous or a correction may still happen in a sudden? the next altcoin season if predicted and analyzed from the chart will most likely be in 2024,
because according to history every bitcoin halving will reach a new ATH and that is when the altcoin season begins.
Of course this is the right time to accumulate altcoins if you want to get more profit in the next alt season.
Well, the anticipated increase next year is due to the expected occurence of the next bitcoin halving. Prices of altcoin would more likely increase as well but that would technically be Bitcoin dominance and not altcoin season right? |
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There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:
A clear business idea: Your business idea should be well-defined and specific. You should have a good understanding of your target audience, competition, and the problem your business solves.
A business plan: A comprehensive business plan can help you identify potential obstacles and create a roadmap for success. Your plan should include a market analysis, financial projections, and a marketing strategy.
Sufficient funding: You'll need enough money to cover startup costs, ongoing expenses, and to keep the business running until it starts making a profit.
Legal and regulatory compliance: Make sure you're aware of any licenses, permits, or certifications required to operate your business legally. You should also consult with a lawyer to ensure you have all the necessary legal documents in place.
A support network: Starting a business can be stressful, so it's important to have a support network of family, friends, or mentors who can offer advice and encouragement.
A marketing strategy: A solid marketing strategy can help you attract customers and establish your brand. You should identify your target audience, research your competition, and choose the most effective marketing channels for your business.
A strong online presence: In today's digital age, having a strong online presence is critical. You should have a professional website, social media accounts, and other digital marketing strategies in place.
A team: You may need to hire employees, contractors, or consultants to help you run your business. Make sure you have a plan for finding and retaining the best talent.
These are just a few of the key things you should have in place before starting a business. By taking the time to plan and prepare, you can increase your chances of success and build a strong foundation for your new venture.
All are necessary indeed but know the things that should be prioritized; capital and concept. You need first to distinguish what kind of business would you be engaging yourself with; remember that it is easy to start a business but it would be hard to stay still 'coz if things won't be managed properly, expect a huge loss or bankruptcy. Capital on the other hand is self-explanatory. These things might be simply but believe me, these two are the core idea in a business; team, marketing strategy and the likes will only follow. Also, sometimes in a business practicality and simplicity rules. Just look at those concepts which aimed to offer something "new" to people ending up with nothing. There are times a business does not need to be revolutionary, it may come to an existing idea only; not always needing you to be complex about it. |
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Mental, financial and emotional efforts should be controlled when engaging in this industry. In terms of physical efforts, obviously, there's no need to. These efforts on the other hand will be needed in order to manage the risks in this investment; prices do tend to change from time to time. One wrong decision and huge loss would be the outcome. What you must know is that bitcoin is not a quick get rich scheme or Ponzi scheme where you invest and expected to get an increase within the limited period of time. However, if you are venturing into bitcoin it should be that you are accepting all responsibility of any lost that may occur during the process otherwise, its advisable to only invest the amount you could be able to loose without any regret. Bitcoin invest have always been a risky investment and for you to enjoy all the benefits you needs to be a risk taker for you to reap it all and it requires a long term investment not a short term.
This impression is simply what puts people or non-crypto investors at risk; they assume that making or earning profit will happen easily in this industry but in reality, there's no such thing. A proof to this, are people who were already in this industry for years but are still suffering from losses simply because there's no certainty with market price movements, and this simply affects both profit and loss so better be careful no matter what. |
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I was thinking of building my new PC in 2021, I built my pc without graphic card but while researching about other components like cpu, ram, storage, case, then i heard about GPU shortage cause of mining, and shortage because of people bought GPU 's very fast(in short time) after coming into stock.
then i researched about what is mining and why GPU's always been out of stock. then i learned about bitcoin and took my first trade of $20 in 2021, when the bull run was ongoing and now i am in 80% loss because i was very new then and invested most of the part in altcoins.
my road to bitcoin is like this.
what's your story?
I would say a sad short story man. But do not despair because Bitcoin must not only be the means for investment or to make money, it must be able to lead you to your independent financial freedom. So keep staying here with us because we're just getting started. The idea is so wrong. Bitcoin and this industry in general indeed has huge profit potential but to depend entirely into it to financial freedom is another thing. Not all people could endure market price changes in particular with losses. Once you put everything into it, it would seem more of gambling than investing. You should atleast leave an amount for you to use if incase things won't go as expected. To wait is an easy thing to say but ofcourse it would be hard on the application given that there's no certainty of what could happen on the next few days or months for this industry.
You may have done various research about mining. You have also mentioned various computer devices here. Maybe you participated here by researching various topics. Then also invested but you have more than 80% loss in that investment. Anyway your loss will be recovered soon. I come to this bitcoin forum by the hand of the community. I slowly started to learn everything about bitcoin forums while being in the community. Now I have experienced a lot about bitcoin forums. Hope to gain better experience about more forums in future.
if the OP has not sold his btc yet, he is not yet at loss. he will only lose if he will sell it. so while waiting for the better times in crypto, why not look for other options how to recover those possible losses? if you do believe on this market, you will keep on collecting some from time to time whenever the btc market is going down. Possible, more of investment diversion and embracing the losses to recover. Question is, would he be able to do that? 'coz it sounds like he's in huge loss already and moving to other asset would put him more to the edge. If he could wait longer, U think that would be the best option than to move to another one which also has no assurance of capital pullback. |
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People think Bitcoin could be a way to protect their money if the economy gets uncertain, especially if there's inflation or the value of money goes down. This is because there's only a limited amount of Bitcoin and it's not controlled by any one government or group. But it's also important to remember that Bitcoin can be risky, just like any investment. It's smart to do your own research and talk to experts before you invest any money.
Not some but most investors think that way, and that is a fact. Economies that go bad from good surely accelerate the adoption rate of Bitcoin only if there is enough awareness among the people living within the country that is suffering from a bad economy or an economic crisis. People put their money in investments that will keep them safe from devaluation. Bitcoin is probably one of the best options people can have in such situations, but it isn't the only option out there. I think real estate and gold are a couple of assets that can be used alternatively to safeguard your wealth from the effects of a bad economy. Other assets such as gold would matter more. Also, this industry I guess is not safe from inflation simply because its value is still based on fiat currency. And this is because of issues concerning mass adoption of this technology. This technology is not yet ready to be used as a mode of payment because of its volatility and will still be more beneficial for investors as an investment to generate profit. No matter how we push usage of cryptocurrency, if the government would still promote usage of fiat, then things won't change; you'd be as well be pushed to do the same thing. Unless you are willing to pay more than you're supposed to because its equivalent on a transaction would still be fiat. |
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I have more interest in altcoins than bitcoin because they give more ROI, but we are not in a bull market yet and Ethereum gas fee keeps surging since yesterday, it is fair if you are sending ETH from a wallet to another but the real deal is when you plan to send tokens from a wallet to another, the gas is high and this makes me wonder what will happen in a bull market, because most of my tokens are on Erc-20 chain, what is a good way to be prepared for this?
this is why I really hate Ethereum because the Gas Fee is very expensive, but it cannot be denied that EThereum still dominates the crypto market and it is clear that Ethereum can be priced at $ 1,000 more, but if you want it to be much better and cheaper, my advice is just use Binance Smart Chain and of course fees are very cheap there. The bigger the chain, the bigger the gas fee; the larger the amount to be transferred, the larger the gas fee as well. Been existing for years. When Ethereum 2.0 was launched many people thought that the gas fees would be smaller but there ain't nothing much of a difference. This is why there are alternative coins to choose from; to achieve less of gas fees in every transaction. Also, there's this surge of the transactions which makes the gas fee high and it lowers as the 'traffic' lossens. On my end, I prefer using Bnb for transaction because for me it costs lower than bigger names in this industry, and still with assurance of the transaction. Problem only would be if the project or platform only accepts particular tokens and for sure big ones would be used; this is where you should just embrace the gas fee or wait for it to be lower through time. |
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