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2221  Economy / Gambling discussion / Re: Chasing losses - Double down bet or Bet twice? on: February 15, 2023, 01:40:48 PM
I'd prefer taking a pause. There's no certainty with the result and pushing it through may just put you into bigger losses. Well it would be a good thing if you would be able to get back with the losses but what if it just double up? This is why prevention is important. If you are only betting an amount which won't put you on guilt, then things won't be as hard. Martingale to some players is effective but try asking them if good things happen more often than them ending up with bigger amount to take back. Also, know what type of a bettor you are and stick with it. Losing is indeed part of the game but atleast do not out more weight into it.
2222  Bitcoin / Bitcoin Discussion / Re: Bitcoin (food for table) on: February 14, 2023, 11:27:43 PM
Dependence with investment? On an average wage earners? Won't be advisable. A stable job and income is for sure necessary to make a living and engaging to investment will just increase the expenses and lessen the amount of food an individual could offer in a table. There's no such thing as assured profit in any field of investment especially with a more volatile ones such as Bitcoin. It is indeed profitable especially if you have the skills to utilize its nature but given that there are times wherein the market is down, how qould you be able to provide what's necessary for your family? Selling would indeed cut your losses but will also make your losses permanent.
2223  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it worth staking stablecoins? on: February 14, 2023, 10:49:46 PM
If it is being less risky compared to other tokens in this industry having a more volatile value, then it is a good idea if that is your preference as an investor. We do have our own investment strategy in the first place. Most of the people here would go to a more profitable one despite of the bigger risk involved simply because they are not into long term investment. Problem with investing or staking stable coins is that it will require year/s of holding to earn a small percentage of increase. So if you could deal with that more than tackling the risk on more volatile asset which could generate bigger rate of increase and profit for a shorter period of time, then that would be just fine.
2224  Economy / Speculation / Re: How much time For next halving? on: February 14, 2023, 10:31:04 PM
Halving day is what we are waiting for, with halving day we can get better profits, transaction costs that are becoming expensive of course make transaction volume decrease and most people buy because they understand prices will go up, and the halving day trend that has occurred several times makes Fantastic price increase.
No assurance but there is a huge expectation indeed and that is because of the previous fork wherein most of the crypto market prices reached previous ATH for that year before the recent one. But things could still happen the other way around like with Fork of ethereum wherein increase wasn't that much. But given that there is a hype for the next one, it could be an enough reason for a bullish trend. Would be still a long way given that the year has just started. And if ever bullish trend would occur on a different time frame than what is expected, we cannot do something about it but to ride the wave. This industry in the first place is inconsistent and full of uncertainty, so just be ready.
2225  Bitcoin / Bitcoin Discussion / Re: Know your limit on: February 14, 2023, 10:01:20 PM
It will never be advisable to invest all your funds that into one asset that is why deversification would be a better investment simply because it would somehow minimize the risk of losing everything in a single bucket. Also, no investment would give you a hundred percent chance of profit which should be an enough reason to avoid being greedy of profit. Know and set limits on any investment. Cliché as it may sound but only invest an amount you can afford losing. The idea is there, and no one wants to lose right? But always expect for the worse given that there's no certainty in this industry due to market price volatility and also, to lessen the weight of losing.
2226  Economy / Gambling discussion / Re: Is there an effective way to stop a gambling-addicted person? on: February 14, 2023, 03:29:58 PM
Depends on the individual as others have mentioned and as we all know. Change comes with initiative right? No matter how you wish someone to stop something which would dragg him/her down, if initiative would be lacking then nothing qould happen. Seeking for professional help would also be advisable especially if there a severe need of it. Giving advice would also help but something which qould be suggested by licensed individuals, will be better. And for those who are a bit close to addiction; this industry is cruel simply because it involves money. It is that powerful. You'd sometimes taste the sweet victory but in a long run, it could be bitter. Break the idea that this activity is a shortcut to being rich because not because some people made it, same thing would happen to every one of us.
2227  Economy / Gambling discussion / Re: Is gambling safer than before ? on: February 14, 2023, 02:52:25 PM
Risk of fraudalent gambling sites will always be present as long as there are players who keeps on falling from different schemes those platforms are offering. Always check the credibility of a certain platform if you are just new on their site. It won't cost you huge amount of money to ask for suggestions from other players; there are many gambling communties not only in this forum. Also, be observant and curious especially if offers are far from the reality. There's no such thing as easy profit or profit already right off the bat. Also, avoid clicking untrusted websites because devices are all prone to malwares. It is money we are talking to; should be enough to be more cautious of your actions.
2228  Economy / Gambling discussion / Re: Gamblers theory on BEGINNERS LUCK. on: February 14, 2023, 02:32:39 PM
Beginner's luck is just a fallacy. It depends if you're just lucky that day or such. For sure we know someone who just started but did not win on his/her first try. This is because there's no pattern or certainty in gambling. Well, in some fields of it such as with sportsbetting, a player could lessen the risk of losing through detailed analysis of the players or team but still, that won't guarantee a winning outcome. Some are even being able to win back their losses halfway and some are on their last bets. We just cannot predict winning which makes gambling a game of one's fate. This also supports the fact that no one should rely in this industry in terms of income and such.
2229  Economy / Gambling / Re: STARTING OWN CRYPTO GAMBLING SITE on: February 14, 2023, 02:14:41 PM
Starting own crypto gambling site is not at all easy. Moreover launching it single handily is almost impossible. In order to make a serious gambling site, you need a good and professional team. Also for the designing you need to plan a lot of things and need to do a great research. After everything, you have to fund the bankrolls, give staff the salaries and to burn cash a lot. In the starting half years, you will have to bear losses, than thinking of profits.
If you have guts to do all these things, then only go for owning a gambling site. Else be a great gambler. And it is always beneficial if you have licensed the casino.
Even if you manage to release it to public, think of how many gambling sites are existing at this point and are still counting. Overall sustainability of the platform would be important. There are many gambling sites being introduced to players but only a few are being trusted simply because there are numerous platforms being tagged as scam and not all of it are even one. There are many risks involved on starting such platform and that includes accusations, credibility, edge over the others, and the likes. Big names in gambling industry are simply examples of those who succeeded and they won't be in such position for nothing. Some of them suffered losses from experimentations of what to come up with. It is free to dream of something but for sure it is expensive to lose.
2230  Economy / Economics / Re: Is taking a loan/debt addicted ? on: February 13, 2023, 10:55:25 PM
In as much as personally, I do not buy the idea of taking loans, I'll rather avoid whatever it is, than take a loan.
I understand that certain situations and conditions can push us to take up loans and be in debt but our ability to pay up is what makes us stand out.
If you must take up a loan, it's necessary you take up what you can comfortably pay up in no long time, do not take loans when your means of pay back is uncertained.
I think what you are expressing is very appropriate, because often I see around my environment there are very many people who have difficulty paying off loans that they make based on their own desires. Even though they know that before making a loan in any form, what they have to think about first is how to repay it after the loan is taken by them.

That's what some people who take out loans often forget, because they only see how easy it is to take a loan without thinking about how to repay it more easily and not make it difficult later. And what I can't stop thinking about is that there are some people who make loans just to fulfill their lifestyle without making the loan proceeds rotate to get a better profit.
There are really people who'd apply for loan 'til their salary or monthly income gets occupied 'coz for them, they won't have a burden paying those things since it would be charged smaller than actually purchase it on one time purchase. That's indeed true but will never be financially advised. An individual should be as well futuristic with their funds such that there will be times wherein you'd need a money to pay what's important. And this is where debt would occur. The idea here is to have somewhat of savings or insurance in order to cover you up in a long run and to avoid being in debt only because you prioritize things which are not considered a necessity.
2231  Alternate cryptocurrencies / Altcoin Discussion / Re: As mining is no longer profitable... on: February 13, 2023, 10:30:26 PM
Will always be profitable as long as your node continues and as long as you can pay the bills and maintenance of your mining rig. Maybe it is just not the right time to sell what you have mined but waiting for a bullish trend to occur would be better than to settle with the current market price. My neighbor is mining Bitcoin for years already and according to him, it is still profitable on the current market price but he still choose to not sell and to just wait for an uprise movement to occur. But we do have different capabilities; some would be in need which will somehow push them to sell early and that is fine but as long as you can endure the market situation, holding to both miners and investors, would be better for sure.
2232  Economy / Speculation / Re: Can we experience $80k this year? on: February 13, 2023, 10:07:37 PM
There should be something huge to happen before we see a market price as high as this one, just like what happened on the previous ATH. And if we would base on what's being anticipated, I think this would happen next year once halving occur. There's no certainty still. The idea that a bullish market would happen is because of the previous fork wherein Bitcoin and other cryptocurrencies broke ATH price way back 2018 if I'm not mistaken (feel free to correct me). But the idea is there. Even if there's no certainty, atleast there's that hype which could trigger a demand and eventually reflect to the market prices.
2233  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 4 Altcoins to look at in 2023 on: February 13, 2023, 02:55:52 PM
I'd agree with ethereum but I doubt with Doge and other meme tokens. Well, on the usual, in every bullish market majority of cryptocurrencies' market price are increasing. Butthe downside of meme tokens is being dependent with demand and hype alone. So if these coins won't be having interest from investors even if there is an uptrend, then nothing will happen. Unlike with utility tokens wherein even if the market is neutral or in downfall, there'd still be a chance for an instant recovery since the token itself circulates on a certain platform. Ethereum on the other hand has a large chain, meaning it is being used to most of the projects and transactions in this industry which means it would always be promising to invest.
2234  Economy / Economics / Re: Anyone here into passive investing (of their time)? on: February 13, 2023, 02:35:28 PM
Passive income in this industry I guess is through long term holding which means an investor would disregard any decline on the market prices and will only focus on futuristic price potential. Outside this industry is through other investments such as owning a business wherein you could hire professionals to run it for you to not be required of moving an inch to generate profit. Others could be some sort of staking wherein the price is expected to increase for a long run. In either of these cited examples won't save you from risk. Wether it is a passive or active income, risk will always be involved. No passive income I believe has consistent profit growth.
2235  Bitcoin / Bitcoin Discussion / Re: Withdrawing Bitcoin off the radar on: February 13, 2023, 02:07:10 PM
Excuse me, I didn't quite understand what you meant. I've accumulated this sum of bitcoin through a variety of sources. I haven't bought a single one. Theoretically, isn't this income something that should be declared? I'm talking about the whole amount of coins.

What I meant is that it's only you who knows where you've got those coins from and whether it's by working for them, or mined, or you've bought them long ago when KYC was not everywhere. And I don't think that anybody would invest too much of resources to find out if your declaration is for real or it's hiding a bit of details here and there.
Hence if you declare them as income then you'll probably pay income tax and if you declare them as capital gains (from 0 since you don't have receipts), then you'll pay capital gains tax.
That's how I see the things.
It won't be suspicious if he/she has a business or high paying job to cover perhaps a huge amount to enter his/her account if ever he will be selling some of his/her crypto assets. Declaring it would be somewhat foolish especially if this industry is not having a wide support. It happened to my friend. Since he's unemployed his account was questioned when a huge amount was deposited mid last year which forced him to move to another one but decided to hide half of his welath under his brother's name which is a businessman, with consent ofcourse. If this is what is meant of declaration then think twice. But if it is just verbally sharing to other people, I see no other problem than to be at risk of being targeted by bad guys out there.
2236  Economy / Economics / Re: Saving is Wasting? on: February 13, 2023, 01:34:34 PM
Simply depends on what type of an individual you are. If investment works for you then that would be good but if saving is your forte then that would be as well just fine. Ofcourse having the guts to invest would be advantageous but since not everyone is eager to handle risks involved on any kind of investment, saving will still be an option. It would be wiser to stick with saving funds than to engage with an investment you know you cannot manage properly. It will just seem that you are throwing away your money. We are all different and we all have our own plans for our money. So just do you.
2237  Bitcoin / Bitcoin Discussion / Re: Helped my neighbor to purchase some Bitcoins on: February 13, 2023, 01:05:50 PM
He asked me why not just leave the coin on Binance so that when ever he wants to sell it, he can just use the same method; that's when I brought to his notice "Not your key, not your coin," and he was convinced.  
For some reason, I wouldn't lead idealistic thinking toward newcomers. I'm certainly not against the general rule of thumb of the self-custody wallet concept, just don't wanna be the one to blame one day especially talking about the rather high transaction fees that most newcomers aren't completely okay with. Teaching the advantages and rikss of each holding method may be better first, then letting them make their choice.
It is easy to convince or persuade someone to engage towards investing in this industry but if you areally care for those you are wanting to invite, expose them to the idea of risk 'coz it will save you from blame. If you will just gaslight the advantages of this technology then you are simply dragging them to danger. A friend won't do that. Been there; I was just wanting to share how I got my profit so I encouraged some of my friends. But little do I know, the market is just unpredictable. When a correction occured, they suffered from huge loss and they immediately sold to somehow cut it. Make sure they have the knowledge to invest first.
2238  Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay? on: February 12, 2023, 10:53:23 PM
Yes, you just have to find the legitimate ones. Check for who manages the campaign 'coz good managers always target paying projects but there would still be cases wherein there are projects who just runs with their money after their token sale and that is I guess part of this blockchain given how anonymity is being used. But those would be rare especially if there is a well introduced project. Problem only I see nowadays is the forum rank requirement wherein those who has low forum rank would be limited to projects, but this is another side of the story. So regarding non-paying projects, always check for their whitepaper, how developers handle concerns and other possible hints, to know if your time would be wasted from participating into it.
2239  Bitcoin / Bitcoin Discussion / Re: Bitcoiners with Alzheimer's. How do you work it out? on: February 12, 2023, 10:33:01 PM
If they are aware that there are lapses on their memory, for sure they'd make an action to cope with it such as putting everything in the notes, having someone to know (depends), recorders and such. This would be risky as well simply because other people could take advantage of these things or there are tendencies for an individual's asset to get stolen but these are already remedies and if things won't work still, then maybe this industry won't be for you. It would be better to be realistic than to push through things. For sure there is a way if there's a will. Not only with people who has alzheimer's but also with other conditions.
2240  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 12, 2023, 10:11:15 PM
Actually there are people whose main source of income are from this technology; investors more likely and I know some. But this fact is not applicable to everyone. Those who are earning huge are simply having huge capital and not all people have that. Also, this industry is full of inconsistencies which should be enough to say that profit will most of the time not be constant and risks will always be there. In my opinion, it will still be better for you to have a stable job while having investments, if you are an average person,  to sustain risks and other expenses. Never let the idea that there are people who became rich in this industry, to make you too optimistic in this technology.
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