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1901  Economy / Economics / Re: Dont just borrow money but for the right reason on: December 23, 2021, 09:55:22 PM
Not every rich people made returns from their every investments, I read somewhere the best ever and most successful investor of all time who is Warren Buffett even have the success rate of 6 or 7 out of 10 means you can still lose no matter how good your investment plan is. Never borrow money to invest, just make money and start investing. Life is simple but don't complicate it with things which you can't actually control.
Borrowing money to invest I think it's like gambling and it's really not recommended,
need really mature consideration to make that decision and it's not easy for sure,
investing still has risks so if we borrow money for it I think it only makes the risk bigger
Borrowing with a high interest rate will certainly make us very quickly debilitated physically and mentally when the profit has not yet come, but the interest from the loan has jammed our mind and lost the mood to work every day, therefore, to avoid such mental terror, it is better to borrow at low or almost zero interest rates. And there is no need to be averse to borrowing money, investing is also one of the purposes of making the future promising, the purpose is not to borrow money to play, equating with gambling is too much subjective judgment.
Cant imagine on the stress that it would give out when you are trying to seek out for money to repay those interest and you are just depending on one source on which you do wait for your crypto investment to have profits?You would really be fucked up if you do have those kind of method because its never been suggested to take up some loan or borrow money just because you do love to invest
although its not a bad option to take as long you do know on how to repay those without really putting yourself into much trouble. Borrow on the amount which you could see that
you would able to pay without any problems.
This is the reason why borrowing money is never advisable because you are investing in crypto with no guarantees when to make profits. Or might give you losses in the long run when you don't expect it. So its never a good idea to borrow particularly if you have no other sources of income that can help you pay even its interest. Borrowing will only be good only if you have other businesses already that keeps generating an income.
1902  Bitcoin / Bitcoin Discussion / Re: A good man/woman leaves an inheritance on: December 23, 2021, 09:28:49 PM
An old proverb says “A good man/woman leaves an inheritance to his children's children…”. Since the inception of the world, whenever a person dies, their personal assets like money, possessions and property are either shared as stated in a will or in accordance with the law of succession where the deceased leaves no will. In most cases, the beneficiaries include may their spouse(s)/civil partner, child or children and grandchildren. In other cases, their brothers and sisters, parents or parent, nephews and nieces, favorite charity organization and state (where there is no relative) get to be the beneficiaries.

I recon that in the coming years folks are going to will their wallet seed and passphrases to their family members, their favorite charity, and even their kids unborn. As an investor or crypto trader is this a legacy you would want to leave behind?
bitcoin or any other cryptocurrency that I have is a valuable legacy for my children in the future...

all parents must have thought of good things for their children's future and I see cryptocurrency has become a very good valuable asset for inheritance other than property, savings or gold. in the future, this will definitely be a trend.

Ofcourse there's no parents in todays world that aren't thinking about what's good for their children especially no one exactly knows when is our time to leave this world. An inheritance would be the first thing to pop in the parents mind that they could leave it to their children. An inheritance of a cryptocurrency wallet isn't a bad idea afterall we are now living in a tech era, that would be a big help to the beneficiaries as they're starting on their own feet.
Every parent would really be minding about this manner but there are instances on which we do parents doesnt really have any something to left on except to those who do really have some crypto assets on this market
which they could possibly leave out something in case they would pass out which its understandable that we would really be doing this stuff for the sake of those people who would leave behind.
Inheritance is somewhat an obligation but not all would really be that open minded and bit selfish when it comes to this.
But the problem is If they are trustworthy enough to Let their children knows the Keys and Password in case there is accident happens or at least bad things that result into death.

remember that crypto cannot be inherit once the Keys have not been told or given to others.

So yes this is a good one to the parents that has crypto asset but at least know how to let others have access in case of emergency .
Well, if you are planning to leave your crypto to your children and grandchildren, then they should be aware earlier on how to access crypto and how to manage it in a profitable way. Other than that, they should learn too how to put buy and sell order so that in times, they need to convert them for fiat, it will not be hard for them to do that. Crypto will be more valuable in the future and leaving them as an inheritance will make more millions in the years to come.
1903  Economy / Speculation / Re: Btc ath february 2022 on: December 23, 2021, 07:50:08 AM
It is hard to predict market is more volatile now than the past years. I think we need to wait and be calm let's wait till year end before doing a prediction, I think it is too early to predict but if we wait till end of this year or in Jan. 2022 then we can predict the price.
I think we are already close to its year end so probably, predictions made today will not differ much compared to the end of the year. But anyways, any prediction will do as long as its purely based from our own analysis, and this don't guarantee if it will become reality or not.

For me, i still chose to be positive and still hope for a new ATH for bitcoin despite of its continuous downward trend. I guess its clear that we won't be reaching new ATH this year so its more likely that it will happen first quarter by next year. If not, no worries because i still prefer to hold my coins and sell it only when there are high chances to make huge profits.
1904  Alternate cryptocurrencies / Altcoin Discussion / Re: THE BULL RIDE OF 2021 on: December 23, 2021, 07:04:13 AM
[quote author=Godwinpaul link=topic=5350973.msg58665394#msg58665394 date=16390555
It feels like we heard the bull run through out this year. The year began with the green market and its about to end on the same note. Though there was some down trend during the year, but it did not last too long. It feels  like the cryptocurrency industry is getting better and there's really no need to fear as more positive projects are coming onboard.
[/quote] I think this time is quite different but i can see that we are still bullish despite of the current price correction. Bitcoin and strong altcoins are definitely experiencing quite hard time and even NFTs i guess. But as we all know, things like these are not for long term as the crypto changes from time to time. Today we are witnessing prices in decline, but sooner we will witness a bull run that will turn all our fears into excitement and profits.
1905  Economy / Economics / Re: Advice for the season. on: December 22, 2021, 11:37:23 PM

The season will come and go but the debt of expenses will still be there to clear off. If no money to Celebrate relax , money will definitely come and the next season will be Celebrated very well . Do not leave debt on your head because of Celebration.

Most people will get carried off by the euphoria of celebration to over spend. They drink alot and get intoxicated making them to lose control to do sorts of things that they regret after the effect of the drink go off then. This simply a time to be careful in every thing we do including driving this season because this season will come and go, we don't need to regret after the season.

be contented on what you have. if you are pressured because of your peers or colleagues to celebrate and spend money more than you can afford, then, you should know that you are surrounded by wrong people.
be modest with your lifestyle and you will realise that you will have more peace within. it is not about the things that you can offer to other people.
I do believe that its better to celebrate the holiday season in a simple way without being pressured that you should have a festive  celebration because its what most people do. But believe me, rich men do not even care celebrate much about christmas because they are still focus on their investments, and other businessmen do not even have time to celebrate. Of course, i still chose to celebrate but not spending beyond my budget.
1906  Economy / Trading Discussion / Re: Stop or continue trading on: December 22, 2021, 09:03:05 PM
I have lost all my capital to trading but still yet I feel the urge to trade more, I spent a huge capital to trade some new coins recently and was actively involved in spot trading. But recently I lost all my capital and I decided to give a break but now am feeling I should return back to trading.
Having a break is a must when you do lost big time on trading but doesnt mean that you would really be quitting just because you had lost. Come to think that losing is inevitable and you should put up into that on your mind but if you do find out that it isnt already effective nor beneficial to you then its better to quit for good.

Just dont be on haste when you do make out such decision because learnings do really comes from real experience.You would really be making yourself a lot better than before

just only be sensible on remembering those mistakes and trying to avoid in next time dealings.
You know that its always better to stop trading if you keep on experiencing losses and becomes unbearable for you. But it does not mean that you won't give yourself another try hoping you will do better this time. If there is progress, i think with different experiences it will make you a good trader in the making. But if you tried again and still keep failing, one thing is sure, you won't be a good trader but maybe a profitable investor may do.
1907  Bitcoin / Bitcoin Discussion / Re: "Only invest an amount you can afford to lose" on: December 22, 2021, 08:18:01 PM
This thread i considered it as a motivational thread for any beginner for cryptocurrency trading, because op is right enough, i reason go back when for investment, what of you invest all the money you have and finally you lose all, the next thing that is close to the person that time is death, the way am seeing it, somebody suppose to invest and reserve

Everyone know this that they should only invest that money which they can afford to lose but in practiice only few people follow this practice. 
People want to invest more money because they think that if they invest more they could make more profits. They forget the probability of the loss which can happen too.
Only investing the amount you can afford to lose is the best word for any investment including bitcoin and other cryptocurrencies.
but sometimes people don't do that and it's very clear that they don't have the knowledge or learn how to invest properly and how to avoid risk.
and all they think about is making big profits and sacrificing the money they need to invest without thinking about the losses that will occur.
That is mostly the initial mindset of people who only came to crypto for a quick rich purpose hoping once they put up a bigger amount, it will give them huge returns  instantly. But crypto is not like that. You need to take the risk but make sure you know how to manage the risk. Invest only on an amount you can afford to lose as there is no assurance if you will win or lose in the next phase. And if you can't bear making losses in crypto, then you are not meant to stay in crypto for long.
1908  Economy / Speculation / Re: Bitcoin price is still in a downward trend, will it last long or temporarily? on: December 22, 2021, 07:16:58 PM
From early December until now the downward trend in bitcoin prices has continued. bitcoin price has not been able to rise significantly after touching the ATH level of $68,789 last November. Until now the price of bitcoin is still at the level of $ 47,000.

Will the current downward trend in Bitcoin price continue? or the current price correction as a move towards bullish to set another new ATH record in 2022.
We are now almost to the end of December but the price is still not back to $50,000 and stays at the $48,000 level price. I don't know how long it will be like this because bitcoin is not showing the progress to go up. But in this situation, we should be happy because the bitcoin price is not getting down. So maybe we can conclude that the bitcoin price movement is still at the current level and is only waiting for the next good momentum to increase. It could be the next year or it still needs longer to start increasing.
Bitcoin current price looks more bearish on our eyes but its definitely a  bullish price knowing it does not fall below $40k and those who bought bitcoin when it was $30k or $40k are still considered in a huge profits by now.

However, even if the market always seems to be unpredictable, we know it will always be certain that bitcoin price won't stay for a very long time staying in a lower value when it has high potentials to increase its value. I think we should be more patient while waiting for bitcoin price to recover as it will never settle in a downward trend.
1909  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this what we have become? Bitcoin is Shiba`s Altcoin now?! on: December 21, 2021, 09:43:09 PM
Came by this post on Twitter by the so claimed shiba founder.



I dont know if i should laugh or to cry...
If its about SHIB its either a fud or just a hype, and upon reading the tweet, its more of a hype.
We can't compare SHIB to BTC since they are different and they serve their purpose differently, I just don't know why they keep on saying that they are better compare to BTC and they can surpass BTC. Well, that's a hype of the founder then so be it just know what to do either to buy or to stay away.
I guess the founder itself just tries to make a hype so that newbies will start to believe on him and end up joining the SHIB community. But honestly, bitcoin still dominates the whole crypto market and i know it will always be like that in the next possible 5-10 years. Bitcoin may have chances to be surpass by an altcoin when it comes to its own price, but the value and trust that we put into it will never be replaced by any other crypto coin.
1910  Economy / Trading Discussion / Re: How to buy alts at the right time? on: December 21, 2021, 08:56:43 PM
when the price declines like this time, buying is a good choice. but to anticipate the next decline, then leaving capital to buy back for the better.
It is not always a good time to buy once the market is in a decline phase. We need to analyze how's the market goes down, and what probably happens in the near future. We must learn and update the current issues/news about crypto. If there is too much negative news spreading, I suggest not buying any single coin. Those negative news may lead the market to drop more, BTC can decrease the value severely. As the result, altcoins will follow to free fall constantly. So, the best time to buy is when much positive news spreading again and BTC price gradually recovers.


That's right, don't be in a hurry to buy coins when the market goes down, because we don't know how deep the decline will be. We must do research
and analysis first of the coins that we will buy, besides we can predict whether the price of the coins will go down again, we can also judge the coins
are worth buying or not. Because not all coins are good to buy, if we choose the wrong coins for investment, then we buy the coins at a low price will not
make us profit. It is true that a market dump is a good time to buy coins, but it is necessary to analyze it first before deciding to buy. So besides being
able to avoid investing in the wrong projects, we are also more effective in generating profit.
Well, you should not come in the crypto space if you lack the knowledge and good analysis as to what coins have potentials to invest. Because if you do invest without learning much on the background of the coins you are going to invest, then most likely that your money and time will definitely be wasted.

However, i still think that the best time to invest is in time of dips. You will have more chances to be more profitable in the future if you can buy potential coins at their lowest prices. But not all low priced coins are considered profitable in the future, some are shitcoins that will never grow their value. So be careful in buying in dips.
1911  Economy / Economics / Re: Sharing and helping others on: December 21, 2021, 03:24:03 AM
You are right. Spreading and sharing knowledge about blockchain and crypto currencies is one of the best way to help others and the crypto community. The more people know about crypto currencies and how it works, the more they will want to use crypto currencies. This will cause bitcoin and other crypto currencies to eventually become a mainstream currency. But people should also be careful about what they learn and from where. Unfortunately the internet is filled with misleading information and articles that spreads FUDs. People should always verify the claims and do their own research after reading from one single source.
I feel hesitant in the past to share about crypto particularly bitcoin because all they know about is its a scam. So i chose to keep it to myself. But when i see some of my friends are struggling just to earn a living especially in this time of pandemic so i decided to share to them about crypto and how it can change a man's life. Some of my friends continue learning on their own and now they are already making an income. While others chose to ignore about crypto and end up still living in poverty. Knowing some of them are already in profits, i felt happy and satisfied that i have helped some of them and experience the best things in life.
1912  Bitcoin / Bitcoin Discussion / Re: People claiming themself satoshi on: December 20, 2021, 04:08:19 PM
There are some people who have claimed themselves as satoshi nakamoto. Craig is one of them. I'm sure all of them are fraud. Just trying to get into the focus, they are nothing but attention seeker.
Does it make them famous? I don't think so...
These people are more than seeking for attention but are just likely to get praise. But if cryptocurrency doesn't have this position, they're probably not.

I expect nothing less to happen, all this wouldn't have happen if Satoshi had revealed himself at the completion of its intervention. Now lots are showing to claim the reward of a great job done. I hope we get to know the real Satoshi with time.
That might be possible that nobody even going to believe him either.
That is why I could say that it was better for him to keep   anonymous for his whole life in regards to crypto or until the moment comes that he needs to show in public (maybe his family knows already).
I think the real satoshi if he's still alive, is also updated with what's happening in crypto and is even aware that a lot of fake satoshis are claiming his great job. And chosing not to show up is i think his own idea, and i guess for his own safety too. But its better not to reveal his whereabouts anymore because bitcoin is fine without him and people are already used having bitcoin as decentralized. On the other hand, if Satoshi Nakamoto will reveal his identity, then this claiming themselves as satoshi will be stopped.
1913  Alternate cryptocurrencies / Altcoin Discussion / Re: ELON MUSK BECOME AN INFLUENCER on: December 20, 2021, 03:32:39 PM
Elon Musk needs not fill any form for him to be an influencer, he is already one. By virtue of his financial status, he tends to pull a lot of wave whenever he talks, people tends to listen to him. That's what influencer do, they influence people decisions.
Well, its good if people's decisions end up creating positive results, but if they end up losing more, i guess they will put the blame on Elon. But thinking about Elon, he would do everything in his power to influence the people and manipulate the market, but i guess its more on his personal desires and needs, but never on the welfare of the people. If you are one of those OP who wants to be influenced by him, better invest on the amount you can afford to lose as there is no guarantee that you will succeed in your investments just because of Elon.
1914  Economy / Speculation / Re: Bitcoin Bullish Scenario - Minimum will reach $75000 on: December 17, 2021, 09:37:34 PM
Thanks for your analysis @StreakW, I have actually both some bitcoin at the current rate, and if indeed a new ATH will be achieved soon, that would make me profitable as well, but if the bearish movement will continue, I'll still continue buying using the same strategy by waiting what price it will settle when it floored.

As of now, I am not certain if the market will be bullish soon, but I'm sure every dropped is an opportunity as we are down significantly already compared to the current bitcoin ATH.
1915  Economy / Gambling discussion / Re: [Boxing] Gary Russell vs Mark Magsayo WBC Featherweight Title on: December 17, 2021, 08:55:07 PM
This is quite interesting because if I'm not mistaken it's been a long time since playing Russell in the international arena and if I'm not mistaken it's been at least one or two years he hasn't played again.
According to https://boxrec.com/en/proboxer/479775, his last fight was February 8. 2021, and won via UD, that's over a year already, almost 2 years until his next fight which is scheduled in January next year.
That's a good advantage for Magsayo as he is the more active boxer here, he recently won by KO against Julio Ceja who is a tough opponent. It was a good test for Magsayo, he struggle early in the fight but ended the game with an impressive power punch, if he can continue that momentum in this fight, well, there's a huge chance that he will become the champion.

we can monitor the odds here https://www.proboxingodds.com/, but it seems like the betting odds for this fight are not yet listed.
1916  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: December 17, 2021, 08:29:36 PM
I think it will resume since the typhoon have passed already so it's already safe to resume the game if the venue where it will be held is far from the place where the eye of the typhoon hit. In the place where I live is most of us are fine but there are some people who died. It would also be hard for me to check the stats as I live in the place where the typhoon rai hits and we are lucky that there's an internet connection even if it's slow. The electricity is also a problem so checking more about the PBA would be a problem.
Metro Manila was not affected with the Typhoon, there were games yesterday and they will surely have another games today since the Typhoon is probably out in the Philippines already. It's only Mindanao and Visayas which are heavily affected, particularly in Cebu and in Cagayan.

according to the schedule, we have the following games.

at 3 PM, DYIP vs NLEX, and at 5:30, SMB vs Bossing.

Hopefully this typhoon will continue it's way to go out from PH responsibilities, though there are many affected people
and base from the news the typhoon will be leaving with some dead people and affected places that really been damaged.

Moving back to PBA, we will continue to see games base from the upates.


Enjoy and be safe!

Internet has just been restored in our location so I still can't see how big the damage the typhoon has left in the Philippines. I hope there are only a few casualties compared to the past where we also experience the same kind of super Typhoon, let's pray for our brothers and sisters in Visayas and Mindanao who are greatly affected by this Typhoon Odette.

That's good to hear, losing access to the internet is a big problem for people like us who do most of our stuff online, especially in betting on games and watching the live games via the internet as that won't be realized without a good internet connection.
you said it right, things aren't normal without an internet since all the fun is already in the internet and theres' a lot of money making activities online.

With the two games today, I think we should start betting now as you know the odds movement in the NBA, just take the opportunity to bet on the team you believe will win as long as the odds are reasonable.

As a gambler, I should always think about taking where the value is, I should not be biased, instead look on the numbers and pick.



Speaking of betting, looks like betting odds are still not available now. I only checked one site but I'm pretty sure once no available odds yet for this site, other bookies also have the same situation. Well, it's still too early now, maybe a few hours from now we will see the odds up already.

Thanks for the update, maybe their internet connection was affected too that's why the odds are not yet available.
I have patience so it's okay, we'll surely gonna see it soon.

Will NLEX continues their win streak? They are 3-0 now already.

100% as DYIP is not a big threat.
1917  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: December 17, 2021, 07:50:17 PM
I think it will resume since the typhoon have passed already so it's already safe to resume the game if the venue where it will be held is far from the place where the eye of the typhoon hit. In the place where I live is most of us are fine but there are some people who died. It would also be hard for me to check the stats as I live in the place where the typhoon rai hits and we are lucky that there's an internet connection even if it's slow. The electricity is also a problem so checking more about the PBA would be a problem.
Metro Manila was not affected with the Typhoon, there were games yesterday and they will surely have another games today since the Typhoon is probably out in the Philippines already. It's only Mindanao and Visayas which are heavily affected, particularly in Cebu and in Cagayan.

according to the schedule, we have the following games.

at 3 PM, DYIP vs NLEX, and at 5:30, SMB vs Bossing.

Hopefully this typhoon will continue it's way to go out from PH responsibilities, though there are many affected people
and base from the news the typhoon will be leaving with some dead people and affected places that really been damaged.

Moving back to PBA, we will continue to see games base from the upates.


Enjoy and be safe!

Internet has just been restored in our location so I still can't see how big the damage the typhoon has left in the Philippines. I hope there are only a few casualties compared to the past where we also experience the same kind of super Typhoon, let's pray for our brothers and sisters in Visayas and Mindanao who are greatly affected by this Typhoon Odette.
1918  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: December 17, 2021, 07:22:22 PM
I think it will resume since the typhoon have passed already so it's already safe to resume the game if the venue where it will be held is far from the place where the eye of the typhoon hit. In the place where I live is most of us are fine but there are some people who died. It would also be hard for me to check the stats as I live in the place where the typhoon rai hits and we are lucky that there's an internet connection even if it's slow. The electricity is also a problem so checking more about the PBA would be a problem.
Metro Manila was not affected with the Typhoon, there were games yesterday and they will surely have another games today since the Typhoon is probably out in the Philippines already. It's only Mindanao and Visayas which are heavily affected, particularly in Cebu and in Cagayan.

according to the schedule, we have the following games.

at 3 PM, DYIP vs NLEX, and at 5:30, SMB vs Bossing.
1919  Economy / Gambling discussion / Re: [BOXING] Logan Paul vs Mike Tyson on: December 17, 2021, 06:41:10 PM

I missed those days when he managed to convert his right uppercut and a good follow up in his opponent's face.

Expect a KO when that thing takes place.. Hahahaha Grin

Those were the old days, but since he is old now, can we still expect a KO win from him? Logan Paul is not a good boxer but he is a durable one, so if Tyson could not hit him with this good combination or clean power punch, I think Logan Paul will survive but he will never win in the scorecards as all night  he will just focus on the defense, not offense.
1920  Economy / Gambling discussion / Re: 2022 NBA Season on: December 17, 2021, 06:14:52 PM
~
By the way, there is also news that the Lakers decided to sign a 10-day contract with Isaiah Thomas. Honestly, I'm happy for him because he finally has the opportunity to return to the NBA. Let's hope coach Vogel will allow him to prove himself on the court.
I think he still deserves a full contract in any team in the NBA but this should be fine for him. His performance at the world cup definitely created some attention. If he could do a double-double on the few games he'll play, his agent will have an easier task of putting him back on the top league.

I have no doubt to Isaiah Thomas skills right now after he stepped down to NBA spotlight. He shows an impressive performance on all the minor league and Olympics. The problem is the team he will gonna enter again. Lakers right now is full All star team that struggling on there own respective role. I want him to go on underdog team so that he can show his full potential without relying on star player like LeBron and others.

After showcasing his skills with that 10-day deal with the Lakers,

For sure interest from other teams will come up, I believe that he still has the capabilities, like how DRose managed
to return Isaiah also has that potential.

Just be in the team who can give him enough minutes to play. Let the Lakers start them all and Isaiah will do the rest for his career.

This is his best chance, if he will show up and impress the management, then he might get an extension, not only that, other teams might also be interested on him and they might think of getting him once his contract with the Lakers is over. hopefully, IT still has that kind of anger in his heart so he can show his talent once again and help the struggling LA Lakers.
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