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1881  Economy / Speculation / Re: Bitcoin failed at $58,000 and dropped by more than $3K in a day. on: October 15, 2021, 04:25:33 PM
Now that bitcoin is about to breach 60,000 again with a couple of $100s to go could this mean momentum would have been built to push it up further and maybe see a $3k to $5k climb in a day as seen when it was bearish and this happening over the weekend makes it more bullish for me.  But this being some kind of psychological area we have to wait and see how price will react around this price range.
Bitcoin as of this moment has already reached $60,207 so its more likely that the previous drop by $3k in just a day was a motivation for bitcoin to regain its momentum to push even more so that the strong resistance level will be surpass. And yes, its really happening now seeing the market becomes more bullish. I'm afraid the next step will be a price correction after that may drag down the price a little and after this, its now set to reach its new ATH possibly by this month.
1882  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Caleb Plant on: October 15, 2021, 12:15:48 PM
if you are rooting for canelo, yes much better if you will bet the over/under as the odds are better than betting full-time. as canelo is motivated to finish this fight early because of the surrounding drama, placing bet under may be a good choice. this event is fast approaching so hoping that no other reasons that they will cancel this fight.

and btw, based from this article, caleb was not actually talking about his mom, but he was referring to canelo himself. just a misunderstanding.

It's a total misunderstanding on the part of Canelo that resulted a fiery face off between Plant. The fight is fast approaching and odds on these upcoming fight are on favor on Canelo while Plant stands as underdog but who knows what will going to be the result after their fight this coming November 6. Despite of what have been happened on their face off I would go place a bet on Canelo which I prefer to based on the past fight records of a fighter.
Everyone would bet on Canelo to win as he is a heavy favorite to win against Plant, and what happened in the press conference only put more hate on the Plant from Canelo's fans and they want to see Plant suffer in the hands of Canelo. I understand that we should not underestimate Plant, but his attitude towards the champion is unacceptable as he disrespected a woman that Canelo loves so much.
1883  Economy / Gambling discussion / Re: [Boxing]: Casimero vs Butler ordered by WBO on: October 15, 2021, 11:45:04 AM
I believe the drama between Donaire and Casimero is already water under the bridge now. Because I have seen in one of the YT videos, Donaire's father had even good times with Casimero before Casimero left the US after his fight with Rigo. So the past issue may just be misunderstanding. It is boxing, so being professional here will be a good factor if they want to grow their respective careers.

Casimero apologizes prior to the announcement of their new mandatory fight. I think the drama he started is just part of the marketing and it was effective I think. There is no way he will mock a fellow PH boxer in a serious manner. All about just attention but unfortunately, ended with the fight against Donaire got canceled.

About this mandatory fight, I have noticed that Casimero is still not vocal about the fight. Maybe he was advised not to throw trash talks for now?

Probably waiting for the final date before making some trash talks in the public.

Or he doesn't want to trash talk his opponents, because he knows that it might be not effective because they are not in the same league.

And it's good to really hear that they patches things up, and that they are now with the same promotional company.

Casimero is not vocal because this mandatory fight is not a big one, maybe he will just focus on beating his challenger and start searching for a big fight again. I understand Casimero, he tried to gain the attention of the people by his trash-talking technique but he was not able to get big fights yet, but he should not stop, keep winning and eventually, he would be able to fight with Inoue, and it's gonna happen for sure as he is under new promotion management now.
1884  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this a right time to buy some ethereum?. on: October 15, 2021, 09:27:38 AM
Yes it's a good time to buy ETH, as you can see BTC is already at 59k and it looks like its going to 60k soon and this time around I believe BTC will beats its old All time High so this will help Ethereum to be more bullish including some other altcoins as well
Yes. I also think that ethereum can be very bullish as soon as bitcoin reaches its new ATH so even if its current price is high, i still think its a good time to buy. After all, no one knows exactly what will be the next price for ethereum so we might as well go for it so we won't miss the incoming bull run. It may have a hard time reaching $4k in the last few days but i believe once bitcoin will hit the target soon, ethereum will follow the trend eventually.
1885  Economy / Economics / Re: What will be the effects of China's central bank declaring all crypto illegal? on: October 14, 2021, 11:47:35 PM
This is going to become a cat and mouse game. Let's see how good China is in monitoring their citizens all over the web. It is easy for a totalitarian state to restrict its people's movements in the real world, but it's quite different when it comes to the online universe.

I don't think the Chinese people are that naïve as to do and say everything the CCP tells them to even in their online lives. China's rulers will definitely be not as successful in the online world in terms of control. The Chinese Bitcoin supporters won't stop buying or HODLing Bitcoin simply because the country's central bank declares it illegal.
Chinese people are basically more independent today maybe because they can live on their own even without the help from the government. And with this bitcoin investment, i know that helps them a lot to generate profits. So i really believe not just the crypto community itself but also the Chinese bitcoin supporters are not affected that much because they can transfer into another place where crypto is legal if they want it too. But knowing China, even if they say the ban is permanent, i know they will eventually lift the ban once they see the whole world has adopted bitcoin and crypto. Otherwise, they may be left behind from the existing revolution.
1886  Economy / Economics / Re: Who is Happier: Stock investors or Bitcoin investors on: October 14, 2021, 09:39:12 PM
Of course bitcoin is more profitable than stocks, when the 2-year pandemic has made many types of investments lose money including stocks, different things happen with cryptocurrencies which continue to skyrocket so that they are trending in various media every day, of course bitcoin is a coin that is always in the spotlight because it is an investment the most profitable.
Both have been profitable.

Stock investors and bitcoin investors have their own profits and if the comparison goes. What if you're being compared to a stock investor that has a large portfolio compare to yours?

You just can't be sure about that comparison.
Know that the main reason for having an investment is to generate profits afterwards so i must say that an investor will be more happier if he sees his investment creating higher profits than any other investments. I think it will surely depend on the investor which investment he was able to put a bigger capital and that means will generate higher ROI. Stocks and bitcoin are considered profitable these days so if you both end up investing in them both with the same huge capital, most likely you will end up having good profits from them.
1887  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: October 14, 2021, 01:07:02 PM

So what do we expect in game 6? Are we going to see another big win by SMB to tie the series, I guess this is getting so predictable and I don't want to go with the flow as this could be a trap, I'm thinking that TNT will finish the series and they'll win in 6 just like what Magnolia would do.

Why not, we did not expect that SMB would dominate the TNT in game 4, and after that win, we also did not expect that TNT would do the same to SMB. This series has been very unpredictable, just expect the unexpected because SMB will tie the series tomorrow and we will see a game 7.

Good luck SMB and its believers.  Smiley

The line is available early, looks like the bookies would like to entertain the bets early.

Still a similar line in the previous games, SMB is 1.98 vs TNT 1.80.
I think this tells something, if the line will not move, most likely the bookies believe that TNT would end the series tomorrow, however, if the line moves in favor of SMB, this means huge money is going for SMB and bookies has no choice but to adjust their line.

Want to bet early? https://sportsbet.io/sports/event/basketball/philippines/pba-philippine-cup/tropang-giga-vs-san-miguel-beermen-6167e4514d82dd7398d93c92

Great, early line gives opportunity to bet early but it does not guarantee that you'll get the best odds since the market may move opposite to our expectation. Aside from the winner of this game, I was also looking at the totals, the trend is over so I would follow the same in game 6, currently, the total is 191.5 and I will take that 191.5 as these teams are more comfortable playing each other so it's easier for them to score.
1888  Economy / Gambling discussion / Re: 2022 NBA Season on: October 14, 2021, 08:17:18 AM
I think that Kyrie will definitely come around, just give him some time.

He is known to be a bit idiosyncratic, and this is not the first time that he's pulled something like this.

But at the end of the day he will be out of literally hundreds of millions of dollars and he isn't stupid. Same deal with Simmons.

He would probably start playing in the regular season, but his attitude is unacceptable, it's not anymore professional, he and his team are bound into a contract and I don't think the organization has not done their part, it was only Irving who think he is the real superstar and has a lot of conditions that he wants to be granted.

His main problem is his ego and pride.
He always wanted to be more important than anyone else. He tend to just stick to what he believes and is very stubborn in changing his perspective.
Now, I guess it's just too stupid to sacrifice his career over his pride by not taking the vaccine.
Well, we have our own choices, but Kyrie's attitude is just too annoying and every NBA fan must also be annoyed by his childish attitude.

Irving's problem started when he is paired with a star player in a team, back when he was still the lone star player on the Cavaliers, we don't hear a lot of issues regarding him and his team. But, when Lebron played with them (which obviously bron is the main man), his real character showed up and that's the reason why he left the Cavaliers for Boston Celtics, and he was supposed to be doing well but still, he does not fit with the team, until he arrives with the Nets with the same problem.
1889  Economy / Gambling discussion / Re: [ BOXING POLL ADDED ]: Fury vs Wilder III - THE TRILOGY IS BACK ON !!! on: October 14, 2021, 07:48:26 AM
That fight if it will happen will be a good fight, Wilder does not need to find a way to still fight Fury, he just has to accept the fact that he cannot dominate in the heavyweight division, and if he fought AJ who will be a champion again if lucky in a rematch, then that would be a big success on his part.

Even how good we are, there's always better than us and even Fury who is the best now in the heavyweight, time will come that his undefeated record will not be 0 anymore.

Wilder vs Joshua would be a good fight to watch but inevitably Wilder would win. I think he would KO Joshua within 5 rounds.

I hope Wilder recovers from his injuries, he proved many of us wrong because he fought valiantly against a brilliant Fury but ultimately it was only going to be Fury that won. Wilder did well in that fight, he should take pride in the way he tried to take the fight on the front foot unlike what he did in the second fight.



Again, to bring back his confidence, he should fight b-level fighters knock them out. In that way, he can feel good about himself. The road might be long, but that's the only way he can bring back his mind to become a champion again.
Wilder is currently trying to recover his broken hands against fury a few days ago and in some media, wilder's coach said that if wilder is currently refusing to retire after breaking his hands and reportedly wilder will again target a comeback fight in May 2022 against Anthony Joshua, and of course if the fight can be realized of course he will be able to improve his career record after the defeat against fury.

1890  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: October 14, 2021, 06:44:28 AM

So what do we expect in game 6? Are we going to see another big win by SMB to tie the series, I guess this is getting so predictable and I don't want to go with the flow as this could be a trap, I'm thinking that TNT will finish the series and they'll win in 6 just like what Magnolia would do.

Why not, we did not expect that SMB would dominate the TNT in game 4, and after that win, we also did not expect that TNT would do the same to SMB. This series has been very unpredictable, just expect the unexpected because SMB will tie the series tomorrow and we will see a game 7.

Good luck SMB and its believers.  Smiley
1891  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't trade using instinct on: October 13, 2021, 09:29:12 PM
because indeed there are still many people who are lazy to learn about something but want to benefit from it, so they think like that because for them it is like a shortcut without realizing the danger is very big and it can be detrimental because it is like gambling that only guesses and hopes for luck.
once or twice may be due to luck and chance, but it won't last forever.
and this is what beginners should pay attention to, because even in trading and investing there must be knowledge and one of them is reading the available market charts and stiffened with TA.
If you are aiming for long term profits, then you should also have a good preparation for it, and not just do any shortcuts just to get there easily. You should have to make research first which coins will be more profitable in the long run either for pure investing or trading at the same time. Through learning fundamental and technical analysis, they will be very useful i think.

Well, trading from your own instinct may gain good results in the beginning but that won't always be the case. The market crash may happen anytime so if you know how to take advantage with this, then you will definitely still gaining profits despite the market is not really in a good position.
1892  Economy / Speculation / Re: Future bitcoin price is high and low on: October 13, 2021, 08:47:11 AM
If we follow Bitcoin price predictions and previous price action, BTC could hit an expected high of $100k to $300k over the next few years. Bitcoin will continue its expected upward trend in early 2022, and of course, with more countries and large corporations adopting bitcoin, more investors are expected to join bitcoin and significantly raise the price of bitcoin going forward. Therefore, I believe Bitcoin offers great long-term prospects for at least the next five years.
Bitcoin will always have a brighter future compared to altcoins and that's for sure. But there is no sure way what will be its price in the next years as bitcoin is highly volatile and keeps fluctuating its price. Its bears and bull cycle will never stop so the price will not settle in a single trend, it will move certainly to its upward and downward position. But if we are aiming for higher profits in the future, then we should learn to take advantage every bearish season comes and buy bitcoin as much as you can. Because one thing for sure, bitcoin price is always aiming for an upward trend, although there might be price corrections but they are just for temporary and sooner the price will bounce up again. So its always a good preparation and certainly an edge if you can hold bitcoin as early as now.
1893  Bitcoin / Bitcoin Discussion / Re: Does Bitcoin have any real value? on: October 12, 2021, 11:47:11 PM
Bitcoin is not backed by anything like gold or fiat. 12 years of existence and development and currently each bitcoin is worth about 56k $ (at the time of writing this review). I think you can feel bitcoin is really valuable or not?. The value of gold or fiat depends on human supply and demand and so does bitcoin. Bitcoin demand is increasing every day, someday Bitcoin does not need support from gold and fiat, bitcoin will soon become the best alternative to gold and fiat
Even at the present, bitcoin is not really backed by gold and fiat. But if you will compare the price between gold and bitcoin, its vey clear that bitcoin gets the highest value. So OP how can you be so confused if bitcoin has real value? I guess you need to make a research first on the current status of bitcoin so you will be aware how valuable it is. And as its demand continue to increase, its value too will keep on surging. Bitcoin may not be seen physically like fiat and gold, but its value is definitely superior among all other assets or investments.
1894  Economy / Trading Discussion / Re: Traders Don't easily lend out money. on: October 12, 2021, 09:22:11 PM
It always depends on;
- whom are you give out the lend
- what situation does the other person engaged that will gonna convince you to lend it out;
Yes, it depends on the circumstance for sure but often people don't like lending money to people and not to mention people who are not trusted to be paying it back.

Even family members can sometimes make it difficult for you because once you start trading and you think like trader you'd want your capital to work for you. I often find people lend out even to family with an interest rate. It is also a personal choice, right?
Well, as what OP says that its his own money so he can do everything he wants even putting an interest to those who will lend some amount. As long as he will still gain profits, then he will really take chances to lend out money.

As a trader, i do understand that every money counts. Because even in a small amount, you can already use it to trade. But if someone will ask you to borrow money, as long as he is capable to pay it, i guess there's no problem with that, unless he is also taking an advantage from you because he knows you are already into huge profits from trading, that will definitely create a big problem.
1895  Economy / Economics / Re: Two basic things that can give you an advantage on: October 12, 2021, 07:57:18 AM
for beginners like me it is difficult to do these two things. when the price drops far enough I have difficulty controlling my emotions so that it causes panic for fear that the price will continue to fall. second, when the price is going down I hesitate to buy because I think the price will continue to fall so I can get a cheaper price. the point is to do these two things requires strong belief and good self-control.
Normal reaction as you don't want to see your money to fadeaway, but once you realize that there's a good cycle

you will start to learn that being calm and patience is the best remedy to not to fall from this downtrend, bear and bull are in here
that each traders needed to understand.

If you will go deeper things is more clearer that setting up your target gave higher chance of success.
It is not really a normal reaction even when you are first starting to invest. Everyone should know that markets go up and DOWN, not just up. I mean it is obvious that there will be downs as well, if you get into a market considering that it will always go up and will never go down then you are not doing it right at all and you have no idea what you are doing. The right way to invest is to realize that it is both up and down at the same time.

I personally like to do whatever I gotta do to keep my averages down whenever the price went down and that is how I would like to take advantage of the market crashes. If you buy more when it is down then you will get to profit from it.
Buying at the dip is definitely a basic thing to do. So while others are panic selling due to losses because they have bought those coins when the price was still high, then we should start taking advantage too by buying potential coins while they are still in bargain. And when the market suddenly crash and see the prices falling, just keep your patience and faith strong. You'll eventually lose when you think of selling your coins. Just keep holding them because after every dump, there's always a new hope that the prices will eventually pump again.
1896  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum and additional gas fees on: October 11, 2021, 11:33:21 PM
Gas fees are not fix so expect for its price to continue to rise during the market up trend.
This has been the problem with ETH network, and yes its the most expensive so far and I do also have such experience the worst thing here is that after paying the required fees, the transaction will not process because the system will tell you that you do not have enough gas fees, I wasted a lot of money because of this.
This is the problem that we can't do nothing about it but just wait for a reduction in gas fees that may possibly happen when ethereum 2.0 takes place. It's either you continue using it or stop transacting with ethereum network as i believe only rich users can afford its high gas fees. And since the developers have not come to fix it properly, so i guess you're right that this gas fees at the present will certainly increase in the days to come. But despite all this issue, ethereum network is still the top's choice for a lot of users.
1897  Economy / Speculation / Re: How do you explain the October pump? on: October 11, 2021, 09:52:42 PM
Everyone was blaming September for the dip like it was a dip holiday and just waiting for October for the pump. And as soon as October came - and I mean literally, like the first day of October - prices started to go up and it started to pump. How??
There are two possible reasons that I can think of, the first is the the reason the price always moves, supply and demand, and as such the fact that it happened in October is just a coincidence, the other option is that this is an example of a self-fulfilling prophecy, people believe that something will happen at a certain time and they take actions to prepare themselves for it not realizing that those actions are the ones that will lead them to follow that path.
This October pump is more likely because the people alone are more aware now that bitcoin will definitely hit its new all time high before the end of the last quarter so the demand grows instantly which contributes to the pump in the market. Or it might be there's a FOMO that investors are now rushing to invest in the market before the price becomes very bullish. Whatever it is, let's just say that its really time for the crypto market to be bullish because the previous month had witnessed a market crash that made most of the coins dump their prices.
1898  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM stolen in a liquior store on: October 11, 2021, 06:38:39 AM
Since the production of Fiat ATMs has improved so much over the years, robbers don't target them anymore. But I think robbing a BTC ATM is not a good idea as it cannot be used as such. fiat money just needs you to use a hammer and hit the money box, this involves both hardware, wallet code or scanning BTC QR code to crack is also really difficult. This robbery is such a stupid thing I have ever done think about . laugh out loud. Grin Grin Grin
I guess they are thinking that inside of bitcoin atm machine is a huge amount of money and that is why they prefer to robbed it than fiat. But what they did is definitely a fool's way of thinking. Aren't they aware that bitcoin has more strong security compared to fiat? No ones here really knows about their real motive but certainly it was a wrong move. And they can be put in jail instead. Now, that it has happened already, i think it should give lessons to its own developers to make it more secured not to be easily broken.   
1899  Economy / Gambling discussion / Re: [Boxing] Nonito Donaire vs Reymart Gaballo (WBC bantamweight) on: October 08, 2021, 09:21:25 PM
Regarding the betting odds, Donaire will obviously the favorites here.

Obviously yes.
Gaballo could be around +100. Though he (Gaballo) has more KO percentage, punching power, height, and age advantage than Donaire, but Donaire has more experience and more skilled fighter. So, that will decided the odds of this match.
However, Gaballo here could pull a huge upset If he can improve his fighting style as he is facing an elite and veteran figther.



I think that's a little bit low considering Donaire had an impressive win and he is the champion. +100 is only equivalent to 2.00 in decimal, so I don't see the odds that close, it could be +200 for Gaballo and -300 for Donaire. However, I believe the most interesting odds here is the KO market, we can check the odds from round 1 to round 6 KO and see if which are more attractive to bet.
1900  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Caleb Plant on: October 08, 2021, 08:55:07 PM

1.08 is worth betting because the chance of losing is very slim. You'd have to bet a big amount thought but consider the fight a bit free of risk because Canelo is still in his prime. The contenders he battled with before Plant are even closer to Canelo's level of skills but he overcome them. If for instance there will be an upset, it will also be a terrible loss.

The fight will still be next month, the odds will change when date approaches.

Well, I respect if you feel it's worth betting on that odds. of course, if you have a big amount of money, 8% return is very significant but for most bettors who do not have that, then maybe they will look for a different market with better odds. Betting on the over/under would give better odds IMO, but then, it depends on how you see the risk and reward, it's always the bettor's call in the end.

If he has that amount and willing to take that risk, we all know that there are possibilities is a two-way result even bookies bring that odd and the chances of winning are big for Alvarez. It will be concluded after the fight happened. Different gamblers have their different views about this kind of risk, some who happened to be a fan or more experienced gamblers understand what they are taking and they are willing to invest a huge amount of money to have a good slice of winning money.

Personally, I have not put a bet with an odds of 1.08 for my money, I feel it doesn't satisfy me and though it looks like an easy win for a fighter that we will put a bet, that thing called "upset", is possible. Based on the betting Odds Converter 1.08 is converted to a 92.6% chance of winning or called as implied probability, which means there's still a 7.4% chance of winning for the underdog.

tools used ; https://www.aceodds.com/bet-calculator/odds-converter.html
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