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2241  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Ethereum at risk of serious losses on: May 11, 2022, 04:05:31 PM
/cut/
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.  Grin

Nonetheless, you suggest people stay away from the market for the time being. What is your recommended time for them to enter the market? Once bitcoin reaches $ 60k again?
I don't think that's good advice.


I never said they should enter only when BTC is above $60k. Why would you even think that ?
Right now BTC is trading around $31k and so we should probably wait to see if there's no major dip again.
If bitcoin sustains this price and crosses $35k again then it will be a safe zone to invest some money.
We should make sure that BTC is sustaining the price above $35k to be on the safer side.
2242  Economy / Gambling discussion / Re: Hard earned money - Busted in seconds on: May 11, 2022, 03:58:03 PM
It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

That's what happens when we don't follow the basic rules of gambling. But I think you have learnt your lesson.
Most of us have faced this because of the uncontrollable urge to recover the money we lost in the previous bets.
Thus we end up using all our money to recover the amount we used since the start of gambling.
But it's better to limit our losses for the day and come back another day if we are losing a lot on a particular day.
Controlling the emotions is where many fail and hence lose all their money.

The best lesson that will really sink is the one that will hurt us in OP's case, it's his pocket and of course, his motivation because he needs to work hard to pay the debt and the interest, this is money that you can't afford to lose, this is the kind of situation where no gamblers want to be in, it's ok if it's your own money but this is not your money and it is incurring interest.
In our country gambling is prohibited because one loose control and it is not a good sign.
I won't say to stay away from gambling but be very very careful who you gamble - sorry for your loss though.

That's a good step taken by your government proactively to stop people from incurring losses due to gambling. But as we know still there are people who gamble using VPNs.
OP's story should inspire others to learn from their mistakes and limit themselves from gambling too much.
2243  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Ethereum at risk of serious losses on: May 11, 2022, 01:51:02 PM
Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts  Grin
I do agree that there is a merit to the current situation and why it's down like this. I agree that the situation we are living right now could be a down moment and yes there are some people who are saying "I told so!" right now but you would be able to see any of them when it was 48k just recently, it wasn't that long ago, like maybe a month ago or so. Just realize that we are living in a moment when 30k+ is seen as "crashed" and how great that is.

I have to say I am feeling fine but that is probably because I bought way before the 2021 increase started, so as long as it is 20k+ I will feel fine. But you should be seeing me as an example of your own future if you buy now.

There was some sarcasm in my post and I meant that although bitcoin and ethereum are falling it doesn't mean that they won't rise again.
We have already seen worse in the history of bitcoin and these dumps are quite normal.
I have been buying and selling since BTC was at $3000 so it's not really a huge dump for me.  Grin
2244  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 11, 2022, 01:17:00 PM
The recent bitcoin drop lead wheel's base prizes to 48 satoshis/lottery tickets/reward points, so I realized it was time to finally use all spins at once. These are the results achieved:



Not the greatest and luckiest of the results, but I liked to have been rewarded with more RPs than lottery tickets. Thanks to this, now I'm also able to exchange my RPs into satoshis. A very welcome extra bonus after spinning almost 1000 times! That is the impact of FUN over your earnings!



Good luck everyone, keep rolling!

Wow, those are some nice rewards but then again the number of spins are high as well. So the returns are quite decent I would say.
You are really lucky that you have accumulated more than 100k RP. Would you collect more RP or will you exchange them for Satoshis ?
I still have only 45k RP. Still 65k RP to collect.
Why do you say you still have 65k RP to collect if you already have 45k ? You can change your RP against satoshis if you have 100k, then with 55K more RP you could already change them. So it's a personal strategy to wait 10K more RP? For what purpose?
Do you know you can also change them against WOF spins without waiting a minimum threshold?

Uh! That's a typo. I meant 55k RP more to be accumulated but then again it's actually good to collect as much RP as we can before we exchange.
Once we hit the 100k RP mark we can exchange at any time. So better to accumulate more and than exchange all together.
And yeah, I do know that we can exchange the RP for WoF spins but I don't think it's really worth it.


2245  Bitcoin / Bitcoin Discussion / Re: why we should Buy some Bitcoins on: May 09, 2022, 01:37:25 PM
Bitcoin is currently trading at a good price and now is a good opportunity to enter the world of Bitcoin. If you've not bought bitcoins yet, this might be your best opportunity this year.
Bitcoin is currently trading at $ 34,493 and the bear market is coming to an end. Also, another good thing that will definitely affect the price of bitcoin is halving.
Big investors! One of the main reasons why the price of Bitcoin does not fall much is the presence of large investors. These investors do not allow the Bitcoin price sink lower.

Two things.

1. How can you say that the bear market is coming to an end.
Firstly, we can't say it's a bear market yet but we are seeing a down trend instead.
Bear market are way too long and worse than this.

2. Bitcoin halving still has around 2 years left.
So we won't be seeing any major impact of bitcoin halving right from now.
We will notice the implications of bitcoin halving only in 2024 I believe.
2246  Bitcoin / Bitcoin Discussion / Re: A time people have been waiting for bitcoin to drop on: May 09, 2022, 01:26:41 PM
Hello 👋
Okay, presently I want to ask why the sudden panicking around the media and forum here.
I could ones remembered when bitcoin was +$69k and everyone seems to be panicking for the price to get 32k or below. Today we have another chance to buy very low yet people still waiting for the price to drop even more lower.
I want to know when is the best time to buy or waiting more dip to buy and what if the price turns back to bull?
What do we do?

Even if bitcoin goes bullish it's not like the price will go above $60k overnight. We will get sufficient time to get back in.
I am sure that we will see many corrections once the trend is reversed and we see the new ATH.
So the reason why many people are waiting for further dip is so that they can buy more at lower costs which makes sense.
2247  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Ethereum at risk of serious losses on: May 09, 2022, 01:14:16 PM
Bitcoin and Ethereum are falling and it has been quite some time now. There's nothing new to it.
We should just wait for a reversal to buy more and I guess until then it's better to stay away from the market.

P.S : Where are those people these days who say "I told you bitcoin is a scam and it will fall".
It's been quite some time since I have read those posts  Grin
2248  Economy / Gambling discussion / Re: Hard earned money - Busted in seconds on: May 09, 2022, 01:02:45 PM
It was almost two months hard earned money. Got busted in few minutes. I don't know why I wasn't able to have me within the limits. Just started with a $3 bet, but it went upto $98 and ended with empty wallet. This is completely unlucky, because every bets were placed to roll above 20 which means the winning probability is quite high. Anyhow I wasn't in control and I didn't follow the rule gamble what you can afford to loss. It was a money saved to repay a debt. Now once again the interest needs to be paid so to manage the debt for some more time. Unlucky me  Sad Sad Sad

That's what happens when we don't follow the basic rules of gambling. But I think you have learnt your lesson.
Most of us have faced this because of the uncontrollable urge to recover the money we lost in the previous bets.
Thus we end up using all our money to recover the amount we used since the start of gambling.
But it's better to limit our losses for the day and come back another day if we are losing a lot on a particular day.
Controlling the emotions is where many fail and hence lose all their money.
2249  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 09, 2022, 12:34:44 PM
The recent bitcoin drop lead wheel's base prizes to 48 satoshis/lottery tickets/reward points, so I realized it was time to finally use all spins at once. These are the results achieved:



Not the greatest and luckiest of the results, but I liked to have been rewarded with more RPs than lottery tickets. Thanks to this, now I'm also able to exchange my RPs into satoshis. A very welcome extra bonus after spinning almost 1000 times! That is the impact of FUN over your earnings!



Good luck everyone, keep rolling!

Wow, those are some nice rewards but then again the number of spins are high as well. So the returns are quite decent I would say.
You are really lucky that you have accumulated more than 100k RP. Would you collect more RP or will you exchange them for Satoshis ?
I still have only 45k RP. Still 65k RP to collect.

2250  Economy / Gambling discussion / Re: Are you Still Supporting And Playing On Newly Launch Casinos on: May 08, 2022, 04:07:35 PM
There's nothing wrong with trying new things, who knows luck is on the site for us, but don't be too trusting by putting a lot of money on the site, before Credibility has really been tested for real.

That's right actually. There's always more room to grow and gambling industry certainly has one.
While we are already enjoying gambling these days many gambling sites get launched every week.
They offer a variety of bonuses and promotions but we have to be sure not to put a large amount in new sites because of the obvious scams.
Trying them out with small amounts and wait for them to be established should be the strategy for everyone.
2251  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: May 08, 2022, 02:42:17 PM
Anyone is betting on the Bitcoin and ETH price in may month? I stated betting on 29th actually just to get highest time wedge multiplier. At the time it was around 86x however, suddenly the whole stuff got turned into opposite direction as we see the prices dropping due to bearish trend.

Basically I was expecting the market to go up but since its bearish, Im having dual mind right now. Like due to early month bearish trend it is possible that market will get invested heavily now and the prices might just go beyond 40k by the end of month. As of now, my bets are in loss for sure. How you doing with your bets?

@so98nn in my personal opinion it wasnt a bad time to wager, but sadly I dont believe the worst is over for bitcoins and Im further expecting more downfalls in btc prices soon. Lastly Im not aware of any positive news that can immediately reverse this downward streak, and I would indeed be very happy if btc prices could bounce back but for now one should look to wager on lower prices only.

I never put my bets so early in the BTC and ETH price predictions. It's just too volatile to predict.
This is the reason why I wait for the last day to make my final call and until then I just keep predicting in my mind.
I have noticed many times that the predictions in my mind fails due to sudden trend reversals like the current one.
This is why I put my final bets on last day and win most of the times.
2252  Alternate cryptocurrencies / Altcoin Discussion / Re: SOL The Chain Goes down Again ! ETH 2.0 and upgrade is the only solution ? on: May 08, 2022, 02:14:18 PM
I am a long term Solana holder but right now I am feeling kind of worried due to the frequent issues in the Solana blockchain.
I am holding SOL for more than a year now and may be I will hold it longer but if these downfalls keep occurring I might have to reconsider holding SOL.
ETH is definitely a good option no doubt in that but it's good to have a diversified portfolio which was the reason of me buying SOL.
I am not really sure which other options to consider for a long term other than BTC and ETH.
All seems hyped up in a short term.
That's the problem with network and congestion due to all the minting of NFT's have cause more problems for SOL network which they need to solve somehow.This time again it took long to solve and the tps was around 1500 far below what they have promised and is capable of.
They do not have 65k TPS like they claim they do, that is the difference and that is the issue. You have to realize that the best case for SOL right now is to avoid any more further promises because if they keep promising something then we are not going to see anything get done with the previous promises since they weren't even covered.

What we need right now is the profits it could make in the future, and that will only happen with fixing the problems of today. Or the better option is to actually let it be and that way you will be able to just focus on ETH 2.0 or anything else, and make a profit, or even some other coin/token instead of SOL because they keep failing all the time.

Right now, almost every coin is just keeping on falling. So the best thing to do right now is stay low from investing and wait for a reversal.
We don't know if SOL will be able to get back stronger when the trend reverses. So it's better to wait until then.
If SOL does increases in price faster than other coins in future then may be we can consider holding SOL.
Otherwise it will be better to invest in other coins.
2253  Bitcoin / Bitcoin Discussion / Re: My Bitcoin teaching approach on: May 08, 2022, 02:05:22 PM
That's fantastic. The mere thinking that you are keen on making your students learn more about technology shows how good you are as a person.
There are many courses online that you can refer to and include it in your program.
Can you recommend some of these online courses you think might be useful. Thank you.
Also, if you don't have much resources for the computers then you can get one laptop/computer and tell your students to operate it taking turns one by one.
This way all your students will be able to access a computer at least for a specific time.
There are thirty five students in a class. One computer won't do it, I will try to get at least 5 PCs for class projects. My PC is available so I have one already. The remaining four won't be much of a problem as long as I promise to return them in good condition.

There are plenty by the blockchain council. I have done one myself. It's the certified blockchain expert which is a beginner level course.
You can check out more at https://www.blockchain-council.org/
Also, you can use the search box on this forum to get threads about learning resources and courses listed by other forum members.
Last but not the least there are many Youtube channels which provide knowledge on crypto so you can use those too.
Example: Here's a blockchain course by Edureka https://www.youtube.com/watch?v=QCvL-DWcojc
2254  Local / India / Re: 30% TAX and 1% TDS applicable dates on: May 08, 2022, 12:56:06 PM
IS 1% TDS on purchasing crypto and transferring to non custodial wallet applicable? or TDS is only applicable when you sell.

As others have mentioned above, TDS is applicable when you are selling your coins on an exchange.
If you are holding any coins on a non-custodial wallet or transferring from one wallet to other then TDS won't be applicable on it.
We will get more clarity on it when the new rules are implemented.
2255  Bitcoin / Bitcoin Discussion / Re: MicroStrategy Finance results unveils how whales suffer big loss. on: May 06, 2022, 04:51:50 PM
The company with the highest amount of bitcoin as of march 31st holds about 129,218 BTC worth 5.8 billion dollars when bitcoin price was $45,602 per 1 BTC. Many bitcoin users envy the whales during the bullish run because of the huge profits they bag and don't consider how bad is their losses like when the market plunges down. According to coinmarketcap MicroStrategy had a big loss of $1billion within one month when bitcoin price dumped to $37,800. On the other flip before considering how big the amount is, it's not totally a loss on their investment knowing that they bought bitcoin at the price rate of $30,700. But, the main point is, the higher the amount of bitcoin a person holds determines how huge their profits or loss will look like when the market is bullish or bearish.



I don't know why is this such a big deal because every entity holding bitcoin has invested in it knowing the fact how volatile bitcoin is.
If a person has invested even $100 then he would encounter the same percent of loss as microstrategy if both their buy and selling prices are same.
So whether or not the amount is big or small, the profit or loss encountered as a percent is still the same depending on the buy/sell price.
2256  Bitcoin / Bitcoin Discussion / Re: My Bitcoin teaching approach on: May 06, 2022, 04:39:45 PM
Wondering what I'm doing here? To give a little back story, I have been assigned to a secondary school (high school for those in the United States) for my national youth service as part of the  mandatory one-year programme for graduates of tertiary institutions. I have been assigned as computer science teacher for the senior class in a school where there are no computers. I guess the students are expected to learn only theory and let their imagination do the rest. I want to give the students a different experience other than the one they are used to. I'm a Bitcoin guy, I wear a Bitcoin shirt to work. I'm practical about bitcoin and want to integrate Bitcoin and crypto as topics in my teaching practice. I am preparing a course outline and borrowed some beginner topics from bitcointalk. I will be borrowing computers from nearby centers for class projects when the time comes. I don't know what to expect from the students, any suggestions will be appreciated.

That's fantastic. The mere thinking that you are keen on making your students learn more about technology shows how good you are as a person.
There are many courses online that you can refer to and include it in your program.
Also, if you don't have much resources for the computers then you can get one laptop/computer and tell your students to operate it taking turns one by one.
This way all your students will be able to access a computer at least for a specific time.
2257  Bitcoin / Bitcoin Discussion / Re: American University, Bentley now accepts crypto's for tuition payments. on: May 06, 2022, 04:16:00 PM
That's a good move by the university and it will definitely create some awareness since so many people will come to know about this news.
At the same time, along with accepting crypto as a payment, the university should have also launched courses on cryptocurrencies and blockchain.
This would have encouraged others to do the same. This would have made people more aware of how crypto and blockchain works.
This would have increased crypto adoption as a whole.
2258  Bitcoin / Bitcoin Discussion / Re: Bitcoin Saved Me. on: May 06, 2022, 03:59:13 PM
After I lost my money on different investments, I was devasted but was introduced to crypto. I had no money but somehow I learnt a little on how to trade on Bitcoin. To my surprise, the little I learnt, I decided to start with 2,000NGN as that was all I had. To my surprise, following the guide I was given and with consistency, I started making profit from my trades and that brought smiles to my face. With Bitcoin, I have been able to recover thrice the money I lost to investments. Crypto (Bitcoin) is the way forward.

You say that you started with 2000 NGN and at the same time you say that bitcoin saved you. Isn't that contradictory.
Also, I have never ever heard of NGN. What is that anyway ?
Could you also tell us how you made thrice the amount you lost ?
2259  Economy / Trading Discussion / Re: He Lost His Investment. See what Happened! on: May 05, 2022, 04:08:04 PM
1. How do we evaluate capability and credibility of some entities or individuals that trade for people or some professional traders who trade for people?

I don't think you should follow entities or individuals who trade for others. If they are so good at it then they won't require to trade for others.
So the ones who offer their trading services are probably fake.

Quote
2. I've seen some Telegram group that sell trading services and signals advice. How do we know if they are good to do business with?

It's quite simple. They are NOT good to do business with. Avoid all of them.

Quote
3. Is Telegram escrow system a scam  or not?

That depends on the identity of the person. For example there are people on this forum who offers to be an escrow on telegram.
So verify that the person is genuine by reviewing them on this forum and confirm the same on telegram and then proceed with the escrow.
2260  Economy / Trading Discussion / Re: The Easiest Way For New Traders To Profit From The Crypto Market on: May 05, 2022, 04:00:58 PM
OP is basically talking about copy trading which is the dumbest thing to do in my perspective because in this style you are not trading yourself but just copying someone else.
So the control is not in your hands and you make or lose money depending on the person you copy.
If he loses money then you lose money as well. Real trading is when you do the trade by yourself and not by copying someone else.
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