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I'd say huge and becoming bigger each and everyday. One factor which made its emergence faster is accessibility which is more convenient in comparison with land based casinos. Also with cryptogambling, it gives accessibility to countries wherein there are restrictions to such activity, as long as the gambling server won't be prohibited. Another as in line with convenience is being easily accessed to whenever time is preferred by the player. Many online gambling platforms are continuously appearing because of the increase with the number of players nowadays. Gambling games are also evolving from the traditional ones, which is a sign of development as well.
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
What is the most convenient games you play on gambling platforms?
Is using leverage about luck or skills? Or even a rigged game?
As far as I know, pure luck based are regulated thru algorithms which but only to some casinos which avoids letting their players continue winning. But most of the time it is not. This is because a friend of mine way back 2018 tried to run a fiat based online casino. Slot machine is one of the gambling game which is considered to be pure luck. Which gives me the idea that if you are winning then you are lucky. It will also be impossible to win continuously in duch gambling game category. Any game is convenient ws long as you have the accessibility into it. If it is convenient with time, pure luck games are the ones being played for a minute to see the result, unlike with sportsbetting, so I'd say such games are the most convenient. Leverage on the other hand is more of a skill because it speaks for managing the risk right? Unless emotion would be the bottomline. |
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As the word suggests, alternative, and I believe that is regarding Bitcoin which is the biggest coin in this industry. Altcoins are simply alternative coins in which investors could engage themselves with. Also, altcoins represent new projects being introduced and being released in this industry. Most of the time, altcoins are having larger market price increase in comparison with Bitcoin and the reason behind this, is token supply, volume, and demand. Altcoins are known as well for short term investment. And I think that is all with the difference. With regards to advantage, altcoins are the alternative investment, investors could engage .themselves,with proper trigger management.However, its alikeness with others are demand which gives me hope to be better in the future.
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Dollar indeed have shown decline on its market price in line with issues of the country's economy but hey, we are talking about dollar, a powerful currency and is something being used across the globe. For sure it won't fall down easily. There is a reason to worry but never to panic. If you choose to let go of your USD then that would be fine but if you are just having thoughts of doing so because of the things surfacing the net, then think twice. I'd more look at the downfall of US as a downfall as well with ither country's economies especially the third world. Read further articles about the situation this currency is tangled with and decide for yourself afterwards.
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So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?
Why wait till then when you got no idea what is going to happen the next day or the day after. For me Bitcoin's price is just right to do whatever the holder wants. Whatever I am going to do now is what I would do whenever the price increases. If I am going to buy a house then, I would buy it now by taking profit. It I am going to start a business with it, I'm already going to start doing it now. This is my own opinion though. It does depend on the type of idividual you are. If you would be seeking for bigger profit and you are into long term holding, it would be normal to just continue holding. But if you would be fine with the profit on that amount already, then selling would as well be fine. Some people would sell and wait for the price correction. Some would just stay away from stress and just let its price increase do the work. Some would be forced to sell halfway the increase because of circumstances or change of plans. No matter what you plan to do, that would be fine 'coz that is your money in the first place. I would preferrable sell by that time but ofcourse there would be thoughs of "what if it continue to go up, will I be able to re-enter on my target entry point? |
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Depends but what is actually the need to do so? Why would it be more preferred than betting directly? What would give you more assurance? Problem only with fraudalent gambling platforms are rigged machines wherein you can easily avoid especially once you noticed winning is close to zero percent. weSlot providers are a biased to some players but if it is just assurance for sure there are ways to minimize the risk of encountering bad casinos. One is simply checking the site's credibility which can be done in many ways as well; asking players or checking its popularity in this industry. So I won't really suggest third party slot providers. Also, third party provider would get commission by providing their service, so...
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How would you be assured of the tipping service then? Stats? That won't give you guarantee of winning 'coz there is no such thing unless it is a fixed matched. And with fixed matches, most of the time, big investors are the one included in groups, perhaps. Also it is not something which could be accessed by anyone 'coz obviously they would not want to expose it to people because it would break the scheme. Personally, I'd choose to just lose with a simple bet. I do get the point with regards to the importance of profit but man .. don't ruin the sports industry. Gambling is gambling, there would always be risk. I am one of the gamblers who are against fixed matching. Let it be a gamble.
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Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
Depends on what altcoin you are referring to. There are altcoins which are having good market price behavior in a long run; ethereum, bnb, and xrp to name a few. But ofcourse since we are talking about altcoins, this includes small and newly released projects which are often good only in short term investment. Big names are the ones which are reliable for long term holding because of these coins', development suuch as with bnb wherein their continuous release of launch pads are giving sustainance to its name. Huge names in this industry have grown huge community of users generating demand for a long run which gives strong resistance even with bearish market behaviors. |
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What worries investors of this industry is the tendency that this technology could be restricted to majority of countries because of regulation issues in particular with taxation procedures. Another thing is market volatility wherein investors are usually making mistakes with regards to their entry and exit points. However, we cannot reallily blame those people who are anxious and worried of Bitcoin simply because they have invested into it, and it is their money we are talking about. It is normal for them to feel so, what's not okay is to let their worries drive their actions, leading to permanent loss. We all know that loss during dumps are temporary and will only be permanent once you sell it. Problem is, we do have different tolerance in this market which makes their emotions valid.
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Possible if it is just general possibility we are talking to. The market prices have quite a good start this year and since there are plenty of months remaining this year, if things would be in favor for this industry, then there's a huge chance that ATH could be again reached on the present year. However, the uptrend or bulltrend is more expected next year due to the anticipated Bitcoin halving as we all know. Also, things are just way too unpredictable and we could all make our own assumptions. The market prices would either fall down or rise up in the first place. Eitherways, knowing when to enternbwould solely depend on the investor him/herself whether what pricepoint would he/she be able to endure changes from time to time.
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I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies
Can you remove the word investor and use own. Your friend is a bitcoin owner because he bought bitcoin with fiat. I also do not see the word "bitcoin investor" so appropriate. That is if bitcoin was to be a currency that Satoshi prosee it to be. Will it therefore be right to say that I am a dollar investor? So, the word investment comes in because of the volatility of bitcoin. When it rises in price there will be a difference between the initial bitcoin you bought and what you hold at the risen price. And when the price plunges, there will be a negative difference too. That is where the idea of investment came from. Though it was created as a currency by Satoshi Nakamoto, it is considered more of an asset than a currency now due to its volatility and the huge value that it gained over the years. Bitcoin serves multiple purposes, it can be used as a currency to be paid or transferred anywhere or bought and stored as an asset just like gold or property. So, the word "Bitcoin investor" or investing in Bitcoin isn't a wrong terminology considering how it turned out to be and how it is used mostly nowadays, also, it is traded, so when you buy something that can be traded and provide you profits, you can say that you are investing in that particular asset/thing. We cannot help it; Bitcoin and other cryptocurrencies just happened to be more beneficial to the users and investors as an asset which has high profit potential due to its market price volatility. Also, Bitcoin and other coins are not being used on daily transactions for the same reason that guilt is on the way and also, the fact that cryptos are not widely accepted to majority of countries. There's nothing wrong I guess because there is no law prohibiting crypto investment and limiting its utility as a mode of payment. So to answer the question on what should an invidual possess in order to be a Bitcoin investor; one is courage, another is financial capability and last I guess is knowledge about this industry.Quite self explanatory, I think. |
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This discussion is not about gambling, it is about investing, but I will use gamblers to make an example.
Using gamblers as an example who start out with just the intention to have fun maybe and then along the line turn into addicted gamblers that gambling begin to affect other areas of their life like their wellbeing like they stop spending on some important things just so they can make money available for gambling. Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?
It is not investing which is addictive but the desire to earn profit and to be rich in a quicker way possible than with earning it through a regular job. In this industry, it is possible to be in such state but to expect that it would be with ease, is the misconception about this industry. We are all aware of how inconsistent and how unpredictable prices move. One wrong decision could result into huge loss. Patience would play a key role but there are other factors such as TA, DCAs, and luck as well. It just happens that many people are disregarding negative side of investments and are only concerned with the potential profit. In any field of investment, things does not work that way. |
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You need to trade part-time rather than full-time. If you trade part-time, you can easily get money to re-inverse and inverse over time. Some people will have a habit of saving for their own home from the start. You can re-inverse such money to multiple in cryptocurrencies. Some mid-earners don't have money to save because they use it all for their food and the food of their family members. So you need to join the big job that pays well.
Are you aware how inconsistent this market is? Indeed investing to cryptocurrencies not only Bitcoin is profitable but given how risk is present, would be a bad thing to abandon what gives you a consistent income, which is necessary for a daily living. If you can do both at the same time then that would obviously be better; investment will give you bigger income but your full time job will give you sustainance of your daily expenses. Whether you are able to save or not, what would matter is the present. Investment alone and other related activities will only give you big profit in an instant but will also expose you to risk. Depending on your income from crypto related activities would also expose you to risks. |
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At the present, if I'm not mistaken, Pi still has no value. And I really doubt that it will have a huge price even in the future given its accessibility; being mined easily. We all know what happens if there is a large token supply for a certain coin; demand would be low as well as its price. This is evident with play to earn games which has a free-farm feature. I've been reading a few articles about Coin PI in the last few days. And I have seen that Pi Coin is a good project and I suggest you to do long term holding. If that works then by the end of 2023 the Pi Coin price will hit around $55. But that's my personal opinion and don't use it as your reference in deciding about Pi Coin because every project that is currently on hype has its own challenges to stay up or even go down.
How come it is a good project if it has a large token supply and no utility? And as I have mentioned, easily being farmed. May I know what is your basis with $55 as its potential market price then? I'm a bit curious because i cannot really see it coming for this project. |
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When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around $15k and they are still holding till now. The paradox of an early financial investment plan is how well you end up finishing it whether early or late Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.
Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere. Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person. Problem is, people are confused on the difference between being in a relationship and being married. Most of the youngsters think that marriage will strengthen the relationship but that's not how simple things work in such legal bind. Practicality would be always considered 'coz two parties are required to cooperate and share belongings with one another unlike when they are still on dating stage or relationship stage wherein two parties are technically separated still. Financial readiness should always be a requirement for things to work. But is it something to regret? Nope. Regret won't mean a thing, what's best is to focus on what is there and focus on working things out. |
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Obviously all of us will answer buy more if we only knew it since 2009 that the price of BTC will moon this high. There are OGs that still kept the old wallets untouched which they really have a ton of BTC. They must have been the true believers of BTC since time. There are also ETH beleivers who are doing the same. I personally worked with someone who has more than 13K Eth back 2016. That guy must have seen the repeat of history. If I can travel time, I'd offer Lazlo more than just 2 pizzas  Question is would you be having the capital to invest by that time? Some would say yes and some for sure would say no. Not to break the idea but the only reason why we regret not investing earlier is because we failed to do so and happened to witness how beneficial doing so. But if we would recall by that time most of the people did not invest because of doubts and lack of courage to do so. Rather than wondering what could have happen if you do this, things could still be done at the present with proper entry and exit points. The market would either go up or down and if you have the will to still invest, it will never be too late. Just do not be too greedy of profit 'coz you cannot have all the profit in this industry. |
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Having a business with a friend is both a good and bad idea. It is money we are talking about and we all know people are different with onr another. Once greed take place between friendship, for sure outcome won't be good as expected. I would prefer engaging to business alone not because I am greedy of growth but jist avoiding to cause any conflict to my social relations. Atleast in such way, there will be no one to blame; businesses has risk of losing money. Same thing goes if it succeeds. The only difference is that you'd be the only one responsible for whatever outcome it would be and that is I think better also to an extent wherein you'd be able to move, decide and act for your business' growth, freely without the need to consider other people's viewpoint. But this is more to avoid possible problem with my circles.
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As the crisis in Sudan persisted and countries tried to evacuate their citizens in the troubled country, an unexpected event played out that Bitcoin become the only way to reach some victims who were trapped in the desert with no money or bank networks.
This is the situation with some Africans who are currently trapped in the desert at the moment since the buses evacuating them stopped in the middle of the desert leaving the Nigerians who were running from the crisis to have no choice but to look for alternative ways to continue their journey back home or ease their pain while waiting for another rescue, the situation is more worst because most of those involved have no money left on them and they were relying on the government arrangement to get them back from Sudan to Nigeria but at the moment reports have it that the buses drivers have stopped the journey halfway and for the past 3 days most of the Nigerians have been left in the middle of deserts left to fend for themselves.
The role Bitcoin played in Getting financial help to the victims:
Some of those on the evacuation journey have to reach out to families and well-wishers seeking for funding to help ease their pain and since there are no bank networks in the desert and no way to send or receive fiat money, I suggested the use of Bitcoin to get money across to a friend who is stuck, and all we needed to do was to send the money to his Bitcoin wallet without any restrictions or delays.
The Bitcoin was received within a short time, and this gave me more satisfaction using Bitcoin in the time of crisis, the only problem is how he can exchange the Bitcoin and make payments that will help his struggle in the desert but the joy is that he now has access to funds through Bitcoin, and the stress to exchange into any local available currency or using Bitcoin to make payment on p2p if he meets anyone that use and accept Bitcoin is far more better and lesser worries, than the troubles of not having access to money at all.
Indeed Bitcoin is a life savior
By any chance, do you have a link on the article(if there is), regarding this? I'm a bit shocked that online payments are not accessible but Bitcoin is? As far as I know, cryptocurrencies are less accepted by majority of the countries unlike with fiat online banking as long as there is an internet connection. Offline transactions in Bitcoin network could only work through hard wallet but it sounds impossible with the given indtance since they are isolated. We all know how beneficial Bitcoin is as an investment and as a mode of payment but in times of an emergency such as with above, isn't it fiat based online payments would be more convenient? |
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To be honest, I have never taken part in an IEO on any centralized exchange. However, Binance has recently introduced a new subscription model for new projects that requires a commitment of BNB. Despite being an old crypto user, this is a completely new concept for me. Upon conducting thorough research on all previous projects launched on Binance Launchpad, I became interested in committing to it. On April 28th, Binance Launchpad will be launching Open Campus (EDU) and I have set aside some BNB to invest in it. I am aware that it involves a certain level of risk, but it's a risk worth taking as we cannot earn without taking chances. Is anyone else planning to invest in EDU? I joined Launchpad with a capital of several BNB, but I experienced a failure in redeeming a subscription because it turned out that the calculation of the BNB allowed as payment was the accumulation of the daily percentage of BNB ownership, because maybe I had the BNB two days before subscribing, not to make a redemption of EDU tokens are not enough, because the accumulated daily percentage of BNB holdings I collect 0.09 BNB while the minimum redemption is 0.1, I think many people think that they can join this event, in the last two days with 1-4 BNB and failed. And indeed the Binance Launchpad is quite tempting to follow. Probably because of the minimum redemption. Problem is that they did not specifically mentioned the amount in order for potential participants to have an idea whether they can afford atleast the minimum or not. However, the release of this token deem to be successful because its market value jumped 'til $1.62 from .05. It has a good concept as well which makes it a candidate for long term holding and would be worthy of waiting until the next bullrun. But since the vplume is not that high days after the release, risk will be there for sure. Binance is also known for auccessful release of their launchpads and if it is just potential, then ofcourse they have it. Just beware of sudden inactivity with some of their projects because it could leave you at the middle; either you join the event or wait for its release before engaging. Be careful entering halfway of price movement. |
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Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.
Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small but it is still a decent salary.
Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.
My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.
Which do you prefer an why.
It is for me a choice between assured but low income and high income but lacking assurance. Answer would depend on what type of individual you are. Some people won't afford embracing the risk and would rather choose to just settle for less as long as there's considtency. However there are individuals which do prefer shortcut to success. I'd suggest be both if you can. Trading is indeed profitable but keep in mind that not all trades would generate profit and if you can manage the risk then that would be fine but still, a consistent income is necessary for every individual to make a living. If emotions won't be controlled in trading, expect huge loss to be the outcome because there'll be times the market would be tempting you to engage and lose eventually so be careful. |
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