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2041  Bitcoin / Bitcoin Discussion / Re: Borrow fiat with your Bitcoin and never sell on: September 30, 2022, 11:27:56 AM
I think it’s best if you decide to sell a small part of your coin and use that, so you don’t lose and you can still make profit. Borrowing isn’t a good idea, no matter what, but each to their own.

The two are not a good idea, borrowing without proper calculation and selling a portion of your bitcoin is not a good idea either.
One of the major problems of Loan is Liquidation management, if you take a portion that is bigger than your collateral, you will receive a call to top it when the price is dropping and if your collateral get to a point where it can no longer settle your loan, they will be forced to close it. The best way to always use your coin as collateral for loans is when the price is pumping or take a little loan with over collaterized bitcoins, so you don't get margin calls when you are not ready to settle your debts.

Selling your coins is also not a good option, if you sell them at low prices, you may never have the opportunity to enter them again and will have to pay multiple times the initial price amount you sold. However, if you are in need of money and have no other options, please sell and solve your problems, bitcoin will not run, and you can always optin again and again.
2042  Bitcoin / Bitcoin Discussion / Re: Are Your Kids Aware Of Bitcoin? Teach Them. on: September 30, 2022, 09:00:18 AM
Introducing Bitcoin to children is not easy, especially those who still want to play with their friends, it's very difficult to introduce bitcoin to young children, and I don't want to rush it let alone to force it to play, I don't think we can force our egos to forcing them to get to know bitcoin, there is a time to know that, if they are ready and the knowledge is deep then we can teach it slowly, don't be in a hurry to do anything, so that our children can practice it according to their brain abilities..
It is just introducing them Bitcoin, not forcing them to invest or trade. I think introducing them the picture of Bitcoin or letting them know about the use of Bitcoin, isn't something hard to do. It shouldn't bother kids' time to play with their friends, we don't need much time to introduce it. In my opinion, you misunderstood what you should introduce to kids about Bitcoin.

I think introducing them and investing in them are two things, there is nothing bad introduction and no knowledge is wasted, even if the knowledge is a bad one, at least you will get the information that it is actually bad.
I feel it is not all children will want to learn things until they are forced to do it, especially if it is something they don't find interesting, you would have to improvise and find a means to let them like what you want to teach them and you know, if not an adult who knows the importance of money, kids don't. With time as they grow up, bitcoin will give them an open mind about the real financial system and not the ones they are been thought in school with excess demand and supply.  Grin
2043  Bitcoin / Bitcoin Discussion / Re: What will happen If Bitcoin got stabled ? on: September 30, 2022, 08:44:21 AM
If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable?  If it got stabled what will happen?

What do you mean by stable, do you mean stabilized in volatility?
Fun fact that is a pain in the ass: Volatility plays a good role in bitcoin, you simply buy at a low price and after some years get in X return, it could be 3x, 4x or even more depending on the impact of the bull run market, like the last bull run we had, if you have bought bitcoin at $10k and was able to sell at when the price shoot to $60k, you should be in 6x profit but the downside of it is the opposite of what I just explained.
Bitcoin cannot be stable but we can have low volatility and this is the period you see the whole market becomes stagnant with little or no significant movements, traders don't usually make anything during this period as we are experiencing right now.
2044  Other / Beginners & Help / Re: How strong are hardware wallets on: September 29, 2022, 02:12:44 PM
I read about hardware wallets using the forum search but I still have a question about it, since the wallet is a physical piece of hardware if thrown away or get lost is the assets onboard going to remain safe if the founder know nothing about the key 🔑?

Do you know how Hardware works? Having a Hardware wallet is because you want to keep your coins offline, you want them to remain that way until you are ready to spend them and at the very launch of anyone you bought, a unique seed phrase will be provided for you which you must keep safe for the future purpose just the way you are asking now if it ever gets lost or stolen by anyone. You should also add an extension of the passphrase so that no one will have access to your coins should incase your seed phrase or recovery phrase becomes compromised.

As long as you follow tips and instructions, you will remain safe with your hardware wallet, you should be also careful of the type of hardware you want to use, don't buy from merchants, order directly from the company and make sure that it is well sealed.
2045  Other / Beginners & Help / Re: Do Your Own Research - What Does it really mean on: September 29, 2022, 01:58:51 PM
DYOR has become a regular slang in the crypto space that its even used often than its needed. I beg to say this that many crypto enthusiast who use this word don't even know how to start a research about a project. Some feel it starts and ends in chart patterns, ATHs and ATLs. Making research about a project goes beyond mere candle stick interpretations and its even deeper than price actions and volatility, Market Capitalisation and total supply can be considered as a measure for predicting a good project but its way deeper than that. Not all white papers are even sincere enough to stick to the plan of  the project.

Well, knowing the basics isn't bad as you have put it, knowing all-time high and all-time low is part of a DYOR, any user who out of their time check all that is better than someone who just jumps on the ship because others are buying and also, you see the concept of research varies with people, the way I might do deep research about a project might be different the way MR A will do his own, however, having all the necessary input from different people would help in making the right decision. You may also do your own research and still get mislead by wrong information though.

Quote
A project that will be profitable on a long run must have an active community and a good Moderation most especially for a decentralised project. Such project must have good engagements and rules governing the community. The mod will be active to attend to complaints, disputes, questions and the next plans or phase of the project. This way you can tell if there is possible liquidation in the near future.

This also depends on the project, some don't have Telegram or Discord groups. One of the major gathering spots for cryptocurrency enthusiasts is Twitter, but it doesn't imply the platform actively responds to inquiries. I occasionally visit project channels where only the admin is permitted to submit helpful information, users aren't even permitted to post there.
2046  Economy / Economics / Re: Savings during inflation on: September 29, 2022, 01:15:10 PM
For now saving is a difficult thing I do. When inflation of course there will be a lot of routine expenses that skyrocket, I also feel that the impact of inflation that starts from food is skyrocketing more than 10% compared to the beginning of the year, of course the thing I do is to continue to take deposits so that now the savings in banks are getting smaller.

Whoever brings the idea of saving the need to be giving some slash of canes, the concept has never been helpful even for an emergency purpose. The principles of savings and economy are inversely proportional, as one is being eaten up by inflation as the general increase in the price of goods and services, and the other is losing value day by day, that's why even the banks that encourage savings don't actually keep your money with them, they re-invest them into corporate business and loan them out to the same loyal customers with interest on them.
2047  Economy / Economics / Re: Inflation is a creeping beast on: September 29, 2022, 11:03:36 AM
The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

I think it will be impossible to construct a decentralized currency because developed nations, no matter how much they wish to, will continue to struggle for power and remain hungry to control others. Even though gold has long been the preferred reserve, more nations control it than the rest of the world and it can be tracked using blockchain technology which is bad. As you may also be aware, governments regularly print large quantities of paper currency in an effort to undermine the very economies they are working to stabilize while also raising interest rates for their own gain, the government they say!

Let's be honest with ourselves, nothing can be decentralized as long as the government still controls it else, it wouldn't exist in their cycle.
2048  Economy / Economics / Re: Age as a factor depreciating some people of their dreams on: September 28, 2022, 09:32:56 PM
Age matters and age can deprived a success. Yeah i know that many will not this suggestion, it's better to start pursuing your dreams in youthful age, because people brain get depreciate in reasoning when the are aged, their is some certain things you not be able to achieve when you are aged, so some of us saying that age are like numbers, i will agree with you but it's not when you are above 68 to 70 years, because the functionality of someone that's at age bracket 28 to 30 and 40 year's method of creativity can't be as much as someone of age of 68 to 70 years, their thinking faculty will not be same. It's good to work your target against your age, because looking at the world today most of the people who invents the major things today are not aged before their invention, so let us use that as case of study. Let it be as results of encouragement to our new children.

It's true that the brain depreciates over time but once a skill is learned then, there isn't much brain required compared to once you started learning a skill.
Another thing that happens is the person sometimes loses interest as they can't keep up with their peers.
40 years is what I would say is the best "by the time" I mean, by 40 a person should be a master in what they do.

If you learn a skill, you need your brain to be creative most of the time, you can't learn how to cut fabric the way you were thought and then apply that notion for the rest of your life, modernization comes through improvement, you have to step up your game to match the standards. Crypto is one of the clear examples of how things are no longer the same as they were in 2009, when bitcoin was created, we only had a legacy wallet as an address but today we have an improvement because of the creativity of some brains, even if Satoshi did not do some of those improvements, the brain is required for life improvement.
2049  Economy / Gambling discussion / Re: About Casino Licenses on: September 28, 2022, 09:19:53 PM
In principle, licenses are there to legalize the model of a gambling site. This means that there is no protection for players on the site. It's used purely to make sure it's all legal. You should not expect too much from gambling commissions, they have no sense at all. Of course it differs per organization, one will do more than the other. You have that problem with all gambling sites, some sites don't even have a license or don't show it.

You think that when a casino receives a license, players will have protection and other safety with the casino they are playing at, but the campaign you are promoting lacks one, and putting a banner on your signature is a concept that you are telling people, both directly and indirectly, to play there, isn't what you are preaching already defeated? That, I believe, is one of the reasons why 1xbet always has their ways when players complain about closed accounts and delayed withdrawals because the authorities who were meant to undertake appropriate checks never granted them a license.
2050  Economy / Gambling discussion / Re: When betting becomes to high on: September 28, 2022, 08:46:17 PM
When I was attracted to gambling in the beginning, I was very happy. But when I started to gamble for a long time, once a moment everything in my life was starting random. I spent about 10-12 hours in gambling. But when I realized that it was addiction, I tried to take some breaks myself and later I was able to control it even though it was very tough. Now I gamble at a specified time and I spend my wining gambling money for the fun or entertainment.

So cool that you were able to notice this and recognized you were addicted on your own, because I know one of the worst effects of gambling is that you don't even realize you're addicted. Looking at the time you spent alone in the casino is scary as even working time does not last that long. I mean, you woke up and went to work that starts at 8:00 a.m and ends at 4:00 p.m., that's 8 hours of work and having spent all of it in that place will exhaust you after work, but you spent 10 hours on gambling which is a dangerous thing that can finish someone's life, I will totally quit if I get to this point.
2051  Economy / Gambling discussion / Re: Premier League Prediction Thread 2022/2023 on: September 28, 2022, 08:24:25 PM
whereas when you watch Arsenal play, you see a bunch of kids fighting for a top-four finish. Using the most energy at the start of the season is not a problem, but maintaining the tempo for a longer period of time is, and this is where Manchester City edges out Arsenal.

Tottenham look more dangerous than Arsenal.
There are many young players in the arsenal squad and we have the youngest squad in the Premier League this season, perhaps the most hungry players as well who are eager to play in the champions League. Our game against Tottenham for me will be the hottest game of the weekend, will be tense definitely but I hope we can get our revenge against Tottenham for what they did to us last season stealing our opportunity to qualify for the champions League. I know many people would bet against arsenal in this game because it's a general opinion that against bigger teams arsenal tends to always loose, this is another game for us to prove people wrong.

I personally would be pleased if Arsenal could at least return some revenge on Tottenham, and I would prefer it if they did it shamefully with a score of 4-0, if that would be possible. The goals should come after halftime, but I'm not sure if Arsenal can wear down Tottenham players that much and keep them on edge, given that they have never previously defeated Tottenham, but perhaps this time they can.
If Arsenal were to defeat Tottenham, Liverpool, and Manchester City in their next rounds, I don't think any team can prevent them from making it to the Champions League next season, but we all know that even if other teams are so careless, the one Haaland belong to will not.
2052  Economy / Gambling discussion / Re: My worst day in gambling on: September 27, 2022, 08:45:56 AM
Fortunately for you, the losses were affordable. I know a number of cases where the individual lost his entire life savings with a few hours of gambling. And I have heard about people committing suicide due to mounting debts from gambling. All of us make mistakes and you should consider yourself lucky that this one didn't hard much of a long term impact on you. We learn only from our mistakes. Although I never lost big amounts in gambling, a decade or so ago I lost lots of money in online ponzi schemes and scams. But I have moved on and learnt from my mistakes.

The losses aren't affordable, there is no way he will graduate with his colleagues. The academy is time, he has to wait for another semester to rewrite those papers again and of course, find a means to raise the money to pay back the school fees.
Why take a life because you lost money, that is the last thing I will ever do because as they say, you only live once, and money may be revived but once a life is lost, there is no other way to wake the dead, therefore everyone should use caution while gambling.
2053  Economy / Gambling / Re: Vulnerabilities in gambling websites in past on: September 27, 2022, 08:25:12 AM
I think we forgot to talk about one of the most dangerous attacks which is social engineering. Human are the weakest ring of the chain.
It doesn't matter how secure the casino servers or the platform codes are or how experienced the security team is if one of the staff can be easily manipulated or fooled. A casino can get hacked and customers funds stolen just because an unaware customer support agent clicked on a malicious link he got on a phishing email.
Security awareness training is as important as securing servers and vulnerability patching.

I have not worked in live customer support, but I have worked as an agent who enabled the booking of games for players who want to have a betting slip because some do not have mobile phones or reliable internet and I can say that it will be hard to hack any server. Penetrating a server will require external insider work because what customer supports do is collect reports problems and ID from players and forward them to the appropriate team who are supposed to fix those problems, the only thing saved at the back end for customer support is the achieved chat between the player and the customer support.
2054  Economy / Gambling discussion / Re: Parents And Their Children In Gambling.. on: September 27, 2022, 08:04:35 AM
I think there is a stage you will reach in life that the things you consider big will actually look little in your eye, If I have up to $1000 in my casino wallet and blow it all in one day due to my silly life, it will pain me a lot because that's big money to me right now but if at all I'm a Millionaire and loss $1000 a day, I wouldn't feel anything at all because it is actually not something that will move my pocket, that is the same thing Micheal Jordan and for him to place that kind of bet, he was having an assurance of winning back but gambling they say.

Marcus Jordan will likely pay a fine for violating the law, it is a rule that must be followed, he will surely pay a fine which I think wouldn't be a problem for them if they could blow up thousands of dollars in gambling.
2055  Economy / Gambling discussion / Re: About Casino Licenses on: September 27, 2022, 07:47:26 AM
Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

There are many things attached to licensing a casino. Before any casino receives there license, the body responsible for such has to check their games if they are valid and they are not skewed to favour only the house, they also check if have are valid team so they don't run away with player's money and also cross check if they will require KYC and how they will take care of players documents in their custody.
Playing in a casino that is not licensed puts your money at risk because should in case they refuse to pay your withdrawals, you cannot sue them or do anything against them since they are not even registered in the first place, this is why a license gives players self-confidence with casinos.

2056  Economy / Gambling discussion / Re: Gambling and Reputation on: September 27, 2022, 01:10:20 AM
You're a professional like a lawyer or a teacher in a respected university, will it harm your reputation if people around you or your students discover that you are into gambling, you're not really a compulsive gambler but gamble for entertainment, how will you explain this to people around you or will you explain to protect your reputation or just ignore them.

Whatever view society sees about me is their cup of tea, they have theirs and I have mine to live and as long as I do my job without compromising a single second with betting, I don't think they have every right to judge my betting life. Some people don't value gamblers, either you do it for fun or for other reasons, they will always see it as bad but as long as you know when to play, you don't have any reason to convince any person into believing you aren't addicted but to be sincere, if you do it during work time, that is really bad of you, it shows you are not a professional who values other peoples time and that will make you lose customers.
2057  Economy / Gambling discussion / Re: About Online casino/gambling projects on: September 27, 2022, 01:01:16 AM
I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I have seen some casino in this forum that has been functioning right way back in 2013 and 2014 that is still functioning to date and we have some that were lunch this year and just lasted for a couple of months. There are so many reasons that contribute to the longevity of casinos been live for long such as keeping a good reputation and not scamming players, paying instantly when users request withdrawals, doing promotions and marketing to keep players in check, free slots and bonuses and many more. What kills casino projects faster than anything others are denying users withdrawals and nothing having enough funds to pay players are the quickest way your company will die, we have seen cases like that here where such casinos end up scamming users and locking their accounts for nothing. If you don't have enough resources to start a casino, don't open one.
2058  Economy / Gambling discussion / Re: When betting becomes to high on: September 27, 2022, 12:47:47 AM
Let's give it another look from this approach, when bettings become too high, regret becomes inevitable for a gambler, this is when you begin to see a number of side effects in the live of an addicted gambler that let the whole gambling got to override his personal integrity and control, it has been a rare occurrence in situations where an addicted gambler turns not to gamble again in a lifetime, just almost same spirit back it up with those addicted to alcohol, once into the system is a lifetime contract of both good and worst seasons in gambling.

I don't see anything wrong when a player plays betting becomes too high as long as the history proves that the player has more number of wins than the number of losses. I think we share the same location, there is this guy that has been trending on Twitter with the Mayor of Ekiti in Nigeria for giving bookies a headache with the number of winning tickets he has been playing back to back and these are not just small wins, they are in Millions (Naira) and virtually give his betting code to others to play, he help lots of people (usually as a giveaway as they used to say) to prove he doesn't post edited slips, judging from this example, I don't see anything bad in this kind of playing because he also accrues loss times but the winning rate is bigger.
2059  Economy / Gambling discussion / Re: My worst day in gambling on: September 26, 2022, 09:08:28 AM
........   

You went extreme my friend, how on earth will you gamble your school money meant for school fees, I think reading from your storyline, the bet you made was virtual sports. Nothing drains the pocket like virtual sport because the condition of the game can change before a blink of an eye and seeing how your money gets burnt while watching can give one high blood pressure and anxiety and making the right decisions during that time is always difficult, before you know it, you will make the wrong move of playing with your last card with of at least making back the capital you have a stake in the game.

Let me start by saying that I don't feel for you, you might still be learning, time and the spirit attached to gambling itself would teach you over time. Gambling can ruin you if you are not careful, you should still be appreciative that you have 10% of your money left. Some would even go home with a negative balance by selling some properties/assets with them, so yours is still minimal. I have seen someone with physical cash that wasted about $1500 through gambling. As if that was not enough, still went ahead to withdraw more cash twice. This is insane! Every gambler should have proper plans before dabbling into it. It's supposed to be for mature minds only.

Learning? It is rather a mistake, you don't use urgent money to gamble in hope of making more, it always ends in pain and regrets.
Gambling doesn't ruin except if you are the addicted type and extremist who would do anything to wager the last money on any games.
2060  Economy / Gambling / Re: Will duelbits pay 20k bet? on: September 26, 2022, 08:41:03 AM
If someone bet high amount (20k)+ on this casino and win  like 2-5x time more his money.

would the casiino pay him or find excuse not to pay and ban his account?
The casino platform have the right to pay the user, because it has won the bet. The only betting platform that i know that will not like pay is 1xbit, because it's a scam platform which we all know that they are only interested to pay the people who win a little amount of money and run away with people who deposit and win large amount of money. No casino gambling that is verified will like not to pay and of their players who deposited in their platform and in the same vain win, they will pay the user to maintain a reputation. But in 1xbit, they are scam platform giving you the money might be under probability

You can win a bet in a reputable casino and still don't get paid a dim, it may be as a result of the player violating the rules, terms and conditions. Go to the reputation board and see accusations some users label against some reputable casino we have here, most often than not, it is as a result of cheating, using two accounts, bonus abuses, and not doing KYC when they request for one. However, some casinos also have the habit of ignoring users withdrawals when they are insolvent especially when players win something that will crash their financial pockets, they used tactics to delay the withdrawals which in my opinion is not good at all.
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