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1901  Economy / Gambling discussion / Re: Some of my big losses (Gamble Responsibly) on: March 14, 2023, 11:04:48 PM
Reality in this industry is that, there are players who won bigtime but along their way, they have suffered from huge losses, which is being disregarded by new players in gambling. They are more caught with the idea that winning would make an individual rich in an instant, which gives them the drive to just risk most of the time without managing the amount they are betting with.
Thanks for the clarification mate, indeed, we will only see or hear what gamblers are going to tell us, those big wins. But at least you open everything with those big bets that you put and it seems that it was a "sure win", nevertheless it was a very bad break to lose those games with incredible odds to win. Just surprises me though that you got a ton of PM's regarding your huge wins, hehehe. Still base on luck though, so I guess for them, they should take that risk and maybe one day they can win big just like what you reach the last time. Right now I'm on a losing streak myself, Lol, but I do know that one of this days, maybe lucky luck will smile on me.  Smiley
Right. Gambling is still based on luck, and mostly your big wins still cannot surpass your previous huge losses too in the past. I’m just surprised that OP made it more transparent for us, that these big wins currently do not happen instantly, OP endured his big losing streak first before he won these huge amount. Hope this will leave clarity that gambling is never a win-win all the time, it’s a fair share of losses and wins and it’s up to the gambler itself on how he’d manage to recover his losses and maximize his winning streak.
It won't always be upsies on gambling. It is simply based on one's fate and luck meaning, most of the time, you have no control of the outcome. What you can control is your drive whether to push through luck or to be disciplined enough to take a pause when you are continuously losing. A player could also move from one game to another in order to calibrate their luck (without basis), but a better way than to keep rolling with the same game waiting for your turn to win.
1902  Economy / Gambling discussion / Re: A costly gambling mistake on: March 14, 2023, 10:45:18 PM
The most popular mistake that newbies make with online casinos is avoiding the rules and regulations, not all online casinos will put up a warning sign on their first page and say 👇

"New users are welcome, please read our rules and regulation before making your first deposits"

You have to look for the website FAQ and go through it first, I have seen some newbies that avoid doing this has they ended up shooting themselves in the foot.

Some even start spreading FUD on the forum about these gambling platforms that did them wrong, not knowing that they are the ones at fault, they are guilty because they don't read the rules and regulations.
This is too general you should have mentioned the specific mistake resulted from not reading the rules and regulation of a gambling platform. To give you some, betting multipliers is usually being a mistake by new players wherein they tend to just click and qill be surprised that their bet is that huge already. If it wins ofcourse they'd be happy otherwise, that'll be a huge loss.
This can be very costly I completely agree. Some casinos have very strict rules about what they allow like unintentional use (forgetting about) of VPN can get you instant and permanent ban with all your assets frozen. Its definitely not cool to experience but there are rules imposed by casino and country which casino is based in. So everyone is obliged to follow rules so you cannot claim that "I didn't know". KYC is something imposed by casinos because it actually protects not other way. Details must be read.

There are really times that we're lazy too read long TOS but we should require ourselves to read everything before registering because it might affect our journey in the long run.
They say that the only excuse to the law is being an idiot so we should never say that we never knew that we are already violating their terms of service. We are risking our funds here so right from the beginning, we should be responsible for our actions. This is actually the common mistake of gamblers who fail so we must learn from others' mistakes.
In most of the applications and platforms we are all guilty of not reading the ToS simply because it is too long. Fortunately, I haven't had any problems regarding this concern. But indeed, since we are talking about money, that should be an enough reason for us to take extra caution with our actions. An alternative with reading rules and regulation is simply asking other players to be aware of something you know nothing about. It won't cost you a dime from doing so.
1903  Economy / Economics / Re: Americans go to Mexico for medicals to cut costs. on: March 13, 2023, 10:58:43 PM
This is likewise with any third world countries perhaps with education, just to share. I live on a third world country and I saw how foreign individuals or students migrated here in my country. I had a chance asking one group of foreign students and they had the same answer to why they chose my country for them to finish their studies, and that is because education costs less. And I assume same thing goes with medical needs of them, by moving onto other countries for treatment. It would be fine doing so , i guess, if the professional they are seeking, is available on the country they are planning to move in. It is a fact in the first place that medicine or medical treatments are expensive on bigger countries and not all people could afford using their wealth for that matter if there is an alternative way.
1904  Other / Beginners & Help / Re: Which element of cryptocurrency do you think is tough to understand? on: March 13, 2023, 10:43:17 PM
Volatility I guess. When I tried to open the idea of cryptocurrencies to some of my colleagues, they were throwing questions at me such as "why would it be a good investment if its market price changes a lot?". I think what really confuses them is to how risks would be managed and how profit potential would be controlled. Even on my end, aside from the idea that the market price is determined by demand, I cannot escalate other means or reasons to explain how volatility works. This would be for sure the dilemma of other non-investors because the first thing they would be concerned of, is the security of their funds from tendencies of loss.
1905  Alternate cryptocurrencies / Altcoin Discussion / Re: Will altcoins thrive in the shadow of Bitcoin ? on: March 13, 2023, 10:24:12 PM

Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.
Question I guess is how do you view dominance in the first place? Is it the market price? 'coz if that's the case there were many altcoins which did it in the past. Bitcoin happened to be a larger chain in this industry among other cryptocurrencies which makes it not surprising simply because it is the first crypto to ever be introduced. Altcoins do not really follow Bitcoin's shadow; it is just the fact that they are all having volatile market value and the only pattern their market prices could do is to rise or fall. Also, there's no affixed pattern with their market prices as we all know. It is just the market trend line which forms connections in between. Proof to this is difference with rate of increase and times wherein other coins are on bullish pattern while Bitcoin is not.
1906  Economy / Trading Discussion / Re: Why it's very boring to trade on public holiday's? on: March 13, 2023, 09:52:46 PM
Some factors to consider i you ask me are

1: Liquidty: The level of liquidity in the market plays a role in determining the size of candles and trading volume. on weekends and holidays, liquidity tends to be lower.

2: News and events: economic data releases, earnings announcements, and other important news events tend to be scheduled during regular trading days and not on weekends.

3: Market participants: trading activity on weekends and holidays is usually lower compared to regular trading days, exactly as you guessed, the institutional traders, who account for a large portion of the trading volume, are often not active during these periods
Third one I guess would be the best explanation unless there is a news positive and in relation to this industry, investors and traders would be focusing on market charts for sure. On the usual, ofcourse they'd choose not to or to set some rest days just like if you're employed. They do tend to trade still but most of their time is just observing unlike during week days wherein they tend to gamble on some patterns because of a more active indicators. The second reason is questionable; news on my country does not pause on any day of the week simply because it is necessary for everyone.

Best viewpoint here I guess, is domino effect. Most of the traders and investors chooses to rest on weekends to give themselves a break. This generates small candles since they are not that active.
1907  Alternate cryptocurrencies / Altcoin Discussion / Re: How to better promote our project effectively ? on: March 13, 2023, 02:03:25 PM
Utilize every platform available. Get as much promotions as possible. Seek for that popularity in every possible way. Popularity of the project is the bottomline for all projects. When it comes on promotion of a  project, every platform does so. So how would a newly introduce project be at the top of the majority? Seek for long term improvement I guess. Any project could promote their output but not all projects would be able to provide a futuristic development or roadmap which is where potential comes from. In the same sense, popularity would follow, resulting to a success with project release. Address security of funds on all aspects because it is also considered especially by new investors in this industry.
1908  Economy / Economics / Re: Lending money or damaging family bond ? on: March 13, 2023, 01:42:57 PM
Money and family ties? Happens a lot, to most of us. Problem here is people using ties as an advantage for privileges such as being able to lend in an instant and for extending the period that the borrowed amount should be paid. This is also evident with social relations or friendships in particular. On my end, if the amount is huge and I know for myself that the person won't be able to return the money I will just give him a percentage of the amount he is needing, without requiring him to pay. Perhaps an individual is lending $1k, I'd give him 50 bucks with initiative just to free myself from guilt and to be safe from regrets. If I would allow his request inspite of being aware of negative tendencies, I'd be having problem afterwards.
1909  Bitcoin / Bitcoin Discussion / Re: This is the last chance to exchange stablecoins for Bitcoin on: March 13, 2023, 01:10:42 PM
Quote from: dimonstration link=topic=5444443.msg61900013#msg61900013
snip...



My benefit came from the small amount I converted from stablecoins to bitcoins. But if I had deposited coins I would not have seen this income.  Bitcoin price is likely to rise a bit moAnd I am very happy to see my benefits.
It happens because you have trusted Bitcoin more than stablecoins and you were able to hold until getting the desired price to sell.
Perhaps, the idea of diversifying our portfolio from stablecoins to BTC or altcoins has already been spreaded around. We can make a good profit from doing this especially if we got in perfect timing. You have did it right and you can still do more as long as you were not afraid to hold and not easily affected with your emotions and FUDs.
There was a sudden spike with the market price of Bitcoin which is half expected given that the market price dipped til' $20k and that is the buyer's area perhaps. Diversification the other hand would work if you would be making the right choices 'coz if not, risk will just be bigger because the goal of diversification is also to diversify and avoid all of your assets on losing marks. So if you happen to diversify and things did not turn better, then that is where problem should be addressed with token choices. There are many altcoins to choose from but the fact that there is no clear trend line, gives second thought to investors whether to enter already or to wait for a little longer. Bitcoin would be a great choice but avoid thinking of an instant profit.
1910  Economy / Economics / Re: less risk or big profit? on: March 12, 2023, 09:29:24 PM
Less risk or bigger profit? That is for the investor to decide on what he prefer. In terms of real estate or properties, risk is still present but there is no doubt that it is less risky in comparison with Bitcoin as an investment simply because it shows a mote consistency with the price increase over years on properties. The rate of increase with the price of Bitcoin is definitely higher but do tend to change from time to time which is what non-crypto investors are still confused of. Many investors would choose less risk in exchange for a bigger profit because it allows them to diversify their assets into different one. Unlike with volatile investments wherein risk is always present but high rewards in return. So you decide.
1911  Bitcoin / Bitcoin Discussion / Re: It's the 12th of March once again on: March 12, 2023, 04:52:21 PM
Problem is no one could really anticipate what is more likely to happen. The market itself is way too unpredictable and if you'd be in times of decline with market prices, the only thing you should consider is to deal with it and not to liquidate. Has something to do as well with the amount you can afford losing on your investment. Regarding dates on the other hand, history repeats itself but not exactly as what happened from the past. Prooc is simply inconsistency with market price increase so what more with declines or corrections in market value. Simply a part of this technology and other field of investment especially those which are solely dependent with the demand.
1912  Alternate cryptocurrencies / Altcoin Discussion / Re: What kind of project we shall look into to prepare for the next bull?? on: March 12, 2023, 04:40:12 PM
Always the popular ones, no matter how the market behaves. Even if there is a bullish run, if the project won't have that much of popularity, it will be still at risk of failing. The reason is demand. Popularity simply creates demand which is the determinant of the market price and outcome of a project. At this point wherein there is no clear trend line, would it still be advisable to invest before the bull run given that there's no certainty of when will uprise movement take place. Therefore, patience should be more given attention than risking that much for new projects.
In my previous topic, what I'm wondering about is launching project during the bear market a good idea. Currently the market is so bearish that most of the investors are not taking much action. But we always have to be sensitive to the market to prepare for the next bull.

So, what kind of project will be more benefited in the next bull??
Buy a coin that is in top 20 on CMC, i believe that if you buy coin that has already a good or top record on CMC or coingecko  you can earn when bull season start,you can select them for safety, many projects are now scam and there are also new project that is not successful yet don't fall into scam and use some tracking apps to tract the record of every coin so that you can have an idea what coin is legit and scam.
I'd still go with bigger tokens or names in this industry than with newly listed ones. In the first place, these big names are the ones to lead the uptrend, which would generate profit and lesser risk of losing.
1913  Economy / Economics / Re: Why do people stay poor? on: March 12, 2023, 03:46:18 PM
Several factors; circumstances as is, government aid, and self sabotage.
There are times wherein no matter how an individual think of a way to somehow climb the social strata, they wouls be pulled down by circumstances such as lack of resources, capital and the likes which cannot be aided by hardwork alone. Govenment on the other hand is a factor as well because they should be utilizing nation's taxes to give assistance with the countrymen especially to those who are really in need of it. Last is self sabotage wherein an individual has no urge to make a change with one's social status
 regardless of opportunities around him.
1914  Bitcoin / Bitcoin Discussion / Re: I have failed too severely, time to give up? on: March 12, 2023, 03:23:29 PM
First of all, why are you even forcing this technology to sectors? Let them be. If you are that eager in this industry then directly invest into it without pushing other merchants or sector to use it as a mode of payment. Continue your agricultural business and invest your profit to this technology, as simple as that. Not all people are knowledgeable or even interested with risky assets and investments. Better make your own adjustments then than to rant with things you cannot even controll in the first place. You are free to share information if you really care but that is way different from persuading them to engage with what you are interested of.
1915  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a store value in comparison to traditional assets on: March 11, 2023, 05:01:58 PM
Been discussed for a couple of times. Bitcoin is profitable as an investment but as a store of wealth, it would be risky. No one is certain of how will the market price behave in the future, ofcourse it would be wrong to draw conclusion that its price would continuously grow in the future for the reason that demand is not constant. There will always be tendencies for the demand to fall down especially once regulation occurs in order to force mass adoption of this technology. Demand is the determinant of its market price and it happens that there are many factors that could negatively affect such, which would more likely reflect to the market price, simply serves as risk in this technology.
1916  Alternate cryptocurrencies / Altcoin Discussion / Re: Is launching a new project during bear market a good idea?? 🤔 on: March 11, 2023, 04:51:54 PM
Definitely not. It is like washing your car during a heavy rain. What's more likely to be an outcome is that your project will be pulled down by the bearish trend, ending up with losses or failure of the project itself. We've seen this from the past. During bearish market, most of the projects or failing and the reason I guess is doubt and hesitation on investors' end which triggers a domino effect; Market price behavior, to interest of investors, to outcome of the project. But again, this is not to generalize. There are just some hood projects which manages to succeed despite of the market price action or trend line. But for sure, those are rare instances.
1917  Economy / Economics / Re: Poor and Rich on: March 11, 2023, 04:32:51 PM
We all know the quote "the rich get richer and the poor get poorer" I heard this quote when I was in high school now I'm grown up. I always wondering why?

Is it that the rich have already wealth the day they are born? Have savings and investment?

While the poor doesn't have any of those?

The point is I started in low before having some savings and investment. I'm not saying I'm already rich but I can say that I'm better than before. Can you guys share your ideas with this topic.
It is never what they have in the first place but how they managed their advantages to continue having the same financial status; both applicable to rich and poor individuals. The rich ones continue their investment and businesses to sustain their lives while poor individuals are used to the life they are having and becoming not open to changes or betterment. But this is not to generalize. Some poir individuals are just lacking the resources to move up to their expectations. They have the drive but not the capability to start that business or to enrich a particular idea. Bottomline is how an individual seeks for something in line with his/her desires.
1918  Bitcoin / Bitcoin Discussion / Re: Introducing bitcoin to local communities/villagers on: March 11, 2023, 04:14:07 PM
Have read topics of the same interest.
But I'm actually curious about something, will they really be interested? Let us be honest, a capital would be needed to engage in this industry as well as other resources. Not to discriminate but I think most of the local communities won't be willing to provide such thing for an investment which is too risky. So question is, would it really work and what for? Bitcoin and this technology in general is not yet acknowledged by many countries at the present. In what sense will they be engaging to cryptocurrencies then? Profit? People on third world countries are needing more of an assured money and this will be generated through saving and working. Investment would work well more with those who has resources and determination to do so.
1919  Alternate cryptocurrencies / Altcoin Discussion / Re: What holds you back from investing in Altcoins ? on: March 11, 2023, 03:47:09 PM

The recent price drop of Bitcoin and some bad news on the market may cause a new round of FUD for investors. With the price going down, Bitcoin will be more volatile in the short term and the Altcoins that depend on Bitcoin will go through more ups and downs. In this bear market, more investors are hesitant to any Altcoin investment. Apart from the macro environment factor, what truly holds you back from investing in Altcoins ? Please let me know your thoughts.
Ain't a new thing in this industry. The thing which would more likely give doubt to people who are planning to invest in altcoins is higher rate of market price volatility compared to Bitcoin. It has something to do with market supply, volume and demand. Most of the newly released tokens' price in this industry are falling upon public or token sale which is a threat for those who are not aware of such possibility or in particular with new investors. Also, it is hard to determine which coin to invest given that not all projects are succeeding in a long run unlike with huge names already which endures market price pumps and dumps.
1920  Economy / Economics / Re: Try to save money while you still can, will you ? on: March 11, 2023, 03:18:03 PM
Saving is a good thing to learn, always. It will help you be prepared in the future, in general. But what makes this confusing to some is profit vs assurance of fund. Saving will allow you to be sustainbale with unexpected expenses but investment will give you profit over time, problem is the risk involved from doing so. Since investment has risks, it is not suitable for everyone. Likewise with saving wherein to some people they would prefer taking the risk than to jist rest their funds sleeping for years. We just have our own preferences on handling our money as in line with our intentions. And eitherway, or any way you would want to utilize your money.
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