Bitcoin may still be in a volatile market for a long time. How are you ready to dispose of your assets now? Would you like to buy and sell your assets/products/services for bitcoins? How are you ready to negotiate a price to make the deal go through?
Let's discuss assets, goods and services which price is more than $200 net. Inexpensive goods have already been discussed on this forum. For now, we will not take into account the fact that the use of crypto may be prohibited in one country or another. Let's find how we are ready to negotiate, and what tools we do need in order the buyer could find the seller.
As someone who lives in a third-world country, having your own means of transportation is both a necessity and convenience. Although gas and fuel prices may be significantly high right now, having your own car somehow negates the extra hassle of commuting daily. I am saving most of my BTCs nowadays in order to purchase my first car- something that I never thought would be possible until I discovered this forum last 2017. Though I am still far away from reaching my goal, what matters is that I remain consistent with my efforts weekly. BTCs are precious and it is nothing but obvious to spend/use them to things that are equitably useful to my end. |
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We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!
This is the general rule but in reality, it is easier said than done. Some of the investors who put their investments into BTC at least invested hundreds to thousands of dollars. This implies that the slightest movement in its price could mean a profit/loss on their part. But if an investor would put that amount of capital, they must have a contingent plan and a goal on their investments. But in all honesty, I agree with you- BTCs are inflationary in nature. They are too precious to be sold especially that its price are relatively low in the market. |
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Unemployment at least 50% in usa at least so how THE wprld world will look like ?
Definately all prices will 80-90%down
This entirely depends on the definition of 'unemployment' and how people would cope up to this. Do you have any empirical data to back-up your claim of 50% unemployment rate in the USA? In addition, unemployment does not absolutely mean that a person has no source of income; nor does it mean that a person is suffering. Unemployment has three (3) types that vary from each definition and not all mean negative. A person may be self-employed but he may be unemployed at the same time while earning more money in the process compared when he is employed in a company. Though the pandemic has definitely cause an impact towards unemployment, with this being the current situation, people would necessarily adjust to this living in order to alleviate their situation. |
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Long time not online here and i'm back just wants to share a new case around me that related with gambling, especially slots.
My neighbor is in debt of $9000 just for playing slot games. This is bad, considering the amount of money in my country is enough to build a house.
Most gamblers fail to realize that by gambling, it is not considered as a way to earn alternative cash. When we put slots in the picture where the odds are either 1-5000; or 1-34 million, you will see that earning cash in this process is absolutely risky- to the point that you would burn money more in the process despite winning the jackpot. Your neighbor sets the greatest example of the risks associated with slot machines. Though it may definitely look appealing and fun especially that they introduced some mechanics, the chances of winning are so marginally thin that you would most likely spend more even if you won in the process. |
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It is interesting to see the development of gambling over the years. From trading stones, to slots, and to the integration of a system that is conveniently accessed online. Due to the pandemic, this also strengthened its playerbase especially that most people have preferred to gamble online and realize its convenience and potentia and lots of physical gambling companies have started closing as they adopted their services on the internet.
I guess OP you can also add that gambling has also been integrated to our mobile phones and to some of the online games present. Though they make take a form that is somehow different from your conventional gambling method (e.g. crate boxes, etc.), in essence, a player still gambles on the process.
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As far as I can remember, back in 2017, the price of Bitcoin during the first quarter of that year was around $4,000-$5,000. On the last quarter of that year, its price skyrocketed and reached an ATH of $20,000. Though that may have been the case, every reason for a bullish run is circumstantial- meaning that the prices may increase or decrease further depending on the circumstances that may happen this year.
But I do commend you for not panicking and selling your investments even if you are down by 45%. Most people in your situation would have panicked and claim that investing into BTC would be considered a "scam."
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From the graph, it shows that in 2010 from a low of $0.09, it rose to $26.90 by 2.960%. fast forward to 2014-2015, we experienced a price dipping from a high of $1,238 to $687.50 then to $315.21. Bitcoin holders experienced surplus in the period of 2016- 2021. In October of 2021, it climbed to an all time high of $68.991k but slumped to $49,243k in Nov of the same year. Coming to 2022, we've had series of price fluctuations with recent lows of $17,700k. This is not the first time BTC slump is experienced in the market; so if there was a massive spike in 2013, 2019 and 2021, then possibly we should expect a price rocketing soon and this time it will be above $100k. https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matterGood chart, good analysis, bad title  I think / hope that you've meant "why you should NOT worry...". Everything points to the direction that we should NOT be worried (well, everything except the title lol) Hahaha you're right! But to be honest, it is entirely normal for someone to worry about their investments especially if they contributed thousands to millions of dollars as their capital. This means that the slightest increase/decrease on the price of BTC would mean a profit/loss of thousands on their end. While not worrying may sound easier said than done, the only choice that we have right now is to trust and HODL. In addition, always have a contingency plan on your investments on determining the maximum amount of loss you could garner. |
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But, not to such a number unless the LUNA deceased investors made up most of the stats. What do you think?
This is somehow unfortunate and I honestly think that this is indeed, due to FUD. With the price of almost all cryptocurrencies crashing, most have decided to pull out their investments based on their contingency plan or their instincts. Though I believe that the price of BTC will recover at least by next year, it is still very unfortunate to see that most have decided to quit on investing cryptocurrencies. I guess, the crash really took a toll on their capital as most expected a "quick profit" in this platform. Again, cryptocurrency investments are considered as high-risks and this bear market is a normal occurrence. |
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After this experience I believe gambling is for the big bag holders, if you're in urge of making a win. Very much disappointed, because it is the last few dollars I had as a cryptocurrency holding. If I had more funds I wouldn't have encountered this big loss. Martingale once again a failed strategy when you don't have big bag of money.
I honestly think that the martingale strategy works best if you have a relatively huge amount of capital to begin with. If you consistently experience a loss during such strategy, it somehow compels you to gamble more capital in the process just to recover your losses on all of your previous rounds. While this experience is definitely unfortunate, this serves as a warning to everyone who wishes to gamble for profit. Gambling is all about luck and this does not absolutely mean that everyone will experience it. Even if you think that today's a good day, it does not entirely equate that one will win. |
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So this year's candidates, Nepo actually won again and he will be facing Magnus for the 2nd time! What are your thoughts on this?
I see that on the chess community, a lot of people are upset that Nepo won. Maybe this is due to the fact that they wanted to see a new opponent facing Magnus since Nepo got destroyed last year after he crumbled from his loss on Game 6 of their match on 2020 WCC. Do you guys think that Magnus will participate in this year's candidates despite him telling not to?
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About storing cryptocurrencies on crypto exchanges, thousands of pages of discussion have been spent on this forum alone, and it seems that even more will be spent and some will not understand that it is not only unsafe but also completely wrong if we know that the only correct thing is "not your keys, not your coins".
I remember making this mistake back when I was a newbie where I stored most of my BTCs in an exchange. Back in 2018, there was this ponzi-scheme company where I stored most of my funds. Being a newbie to the cryptocurrency world, I invested $100 worth of BTCs and kept them in that website. After 6 months of continuous operation, their website crashed, thus wiping all of my BTCs in the process (USI-TECH ponzi). In addition, some exchanges were also scammed and hacked in the recent years given that they were a target for scammers around the globe. |
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Man, what you have accomplished is just definitely amazing! It is one of those dreams that every BTC HODLer wants to aim- purchasing something that is relatively expensive but extremely useful to their end by using BTC as payment.
Just to share you my experience, I am also saving most of my BTCs as I am currently looking for a dealership in purchasing my first ever car. Due to transportation conflicts and hassle in my country, having a car is purely for convenience rather than a necessity. I have estimated that it will take me around ~8 months for me to purchase my car but what you shared definitely inspired me to do better and HODL my coins.
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You will agree with me that society and the environment can have a great influence on the lifestyle of every individual, you often can find yourself doing, or being involved in that activity that almost everyone is involved with in that your locale as a result of influence. Now considering someone who is a gambling addict, is there any possibility of him/her becoming better if they are relocated to another environment or society where people around are not involved in gambling?
Can someone still develop the habit of gambling and become an addict even though no one around gambles?
Yes definitely! The impact of one's environment on where he/she currently stays at is significantly relevant to the point that they are mostly exposed to vices. In comparison, a child who is exposed early into reading, etc. is most likely to develop habits that will contribute to his general knowledge, curiosity from the very start. Just like in gambling, a person will most likely focus on other activities if everyone around him is focusing on productivity. While this solution may be considered helpful, it is not in anyway absolutely effective. The most effective way of treating gambling addiction comes from the gambler himself, when he/she realizes that what they are doing is wrong. |
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<...snip...>
This is really a good success of smith as well as FedEx with the favor of Casino. By the way, i am not sharing it to encourage anyone to the casino.
I think this is one of those instances where a gambler gets lucky in his casino run. The fact that the person came into the gambling establishment with $5,000 and left with $27,000 is proof that he was indeed lucky that day. The fact that you were able at to at least double your money in gambling is lucky enough, let alone earning a x5 profit on your end. Though this story may be inspiring, this can be awfully deceiving in a way that it somehow encourages gambling whenever you hit rock-bottom. |
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Thank you very much for sharing this type of scheme, OP.
Generally, these types of scams are relatively difficult to spot given the nature of the activity he is asking. When you register in a given exchange, it somehow gives you the relief and security thinking that it might go smoothly. But the moment that when you were not able to create an account, that suspicion arose.
Again, anyone messaging you randomly sparks doubtfulness. No one would ever just go message someone and ask for an exchange without substantiating decent proof/evidence to the contrary. Let this post be a warning to most users to avoid dealing with scammers such as this one.
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One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.
I agree with you- sometimes it has something to do more than just the research. The problem with most people is that, they tend to be greedy in meeting their desired numbers and reaching for a specific profit threshold before they cash out, resulting to a more loss on their end. Trading is extremely risky especially if you are new to this field. The risks involve in substituting your coins with other cryptocurrencies is just way too high to the point that profit may be compared to as of a bank teller. It is nothing but essential that you must always cash out your investments even if you see just a tiny profit on your end. The more you wait, the more you subject yourself to greater risk of your profit turning into a loss. |
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Some years ago, I won a decent amount of money from a sports bet. It was the equivalent of $550 in my local currency. I was thrilled. I decided that I was going to spoil myself a little. It coincided with the time Sony announced the price of the new PlayStation 5. The price was the equivalent of $500 in my local currency. I walked into a mall and bought it. I played it a couple of times. One week later, I traveled. I spent 3 months out of town. Sadly, when I returned from my trip, I discovered that my house had been broken into. The PS5 was stolen together with other valuable items. I was upset
What is the most expensive thing you've bought with your winnings from a casino or sports bet that you've never used or used only a few times or even maybe regretted buying?
I remember back in 2015, I used to accompany my brother into a casino where he usually bets around $100-$600 every time he gets his salary. He always brought me with him since he always told me to stop him whenever we see to it that he already won his winnings. So while I was strolling around, I got my $20 and tried betting it into blackjack. Fortunately, I won and my $20 became a $100 that night. As someone who always gets a bad luck in gambling, I thought that getting $100 was fairly lucky. So what I did, I bought this new game at Steam for $90 but the day after that, black market happened and its price dropped from $90 to $20. I was so pissed to the point that I did not even bother touching the game after that event happened. |
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Newbies, NFTs should be the first thing you fear the most in crypto space, look at bitcoin, its usefulness and scarcity makes it valuable, Look at real Gold it's very rare to see and this makes it valuable, imagine if everyone on this earth has Gold in their backyard will Gold retain its value? It will be plagued with devaluation right? This is exactly what NFTs are today, everyone can create theirs.
I will be completely honest- I never really understood on how NFTs were. I read countless of articles and watched YouTube videos explaining the basics of it but I just never fully grasped and understood its relevance. One thing that they explained is that, it is like Mona Lisa- but you acquire something that has a digital marker which is unique and permanent. I mean, let us say you already have such piece, then what do you do with it? Unlike paintings where you can store them, a person can just screenshot from his own pc the picture or replicate it using some photoshop editing skills. Like most have mentioned, NFTs will continue to exist as long as people pay money for it. Consider it as an extremely risky investment that may either make or break your resources. |
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I just heard that gambling is just like MLM schemes as people only loses both in gambling and MLM schemes ?
Is it true ?
MLM and gambling are two different activities but involve a whole lot of risk. One might argue that a person "gambles" his money away and invests it on MLM schemes that offer higher returns compared to your usual investment plan provided by banks, etc. Gambling, on the other hand, is an activity where you risk your money through the participation of games, cards, etc. Their biggest difference is- MLM is an "investment" type of platform while gambling is an activity platform. Both involve high amounts of risks but generally MLM schemes are typically created by shady companies in order to extract resources from you. |
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Gambling can be genetic and passed on to offspring, but I have noticed that females are not addicted as male when it comes to gambling and that gives me doubt about it, or maybe that is how it is in my region, men are most into gambling. Or maybe the gene is more concentrated in men than women.
No one can blame addicts, but any bad deeds done by them can be punished. The more fact we need is that addiction is not good, it can lead to a kind of life someone do not wish for himself, the reason we should use just the amount of money we can afford to lose and nothing more than that.
I think it does not have to do with the genes perse, but it has something to do on how the child is brought up with. If the child, while growing up, was exposed severely to an environment where everyone around him suffers from gambling addiction, chances are that the child would inherit such lifestyle, thus sparking his curiosity. What matters is that, the child is exposed to an environment where learning and curiosity exists. Of course, genes may be a factor but it wholly depends on the environment and lifestyle he/she is brought up with. |
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