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2381  Economy / Gambling discussion / Re: NBA unders/overs tips on: May 04, 2023, 04:37:11 PM
The like they will be able to do it in the first half of the season. I don't know who is going to win the game, but I am not going to lie to you.

Mis is a tough one to take on the most important game of the season. The Spurs have been playing well for most of the season, but they haven't been the best team in the Eastern Conference. They need to improve their defensive play and that is going to be a key part of their game.

Min - Blazers under 226.5 
Hawks Mavs under 242.5 
Bucks - 76ers under 234 
 
0-0 so far

The best part of this season has been to get a win on the road against the Spurs. They are in the midst of a playoff run and it looks

Weird. Are you a bot? But I doubt a bot can post like that. If not, what are you talking about mate? It seems like you came from a different dimension. The NBA is already in the conference semi-finals stage. Min (if you meant Minnesota), Blazers, and Mavs failed to qualify in the playoffs earlier. The Bucks are already out in the first round but it was the Miami Heat that beat them, not the 76ers.
Might be guessing things. We are now on the semi-finals and things are getting more interesting in NBA. Should be a closed thread I guess. But to those who are into NBA League especially this year wherein there are many changes with rosters,  betting is becoming more loud recently. One is with LAL and GSW who were rivals before. Odds are to LAL for game 2 even if they have won the first game and that is probably because of the homecourt advantage. Odds are simply the heart of the polls and will never dictate the outcome but could be an edge to gamblers as we all know. Die hard fans of each team are more likely pushing their biases to finals and the trophy itself. Glad that this season is havaing the hype as before.
2382  Economy / Gambling discussion / Re: Another side of Sports betting you may not know about on: May 04, 2023, 02:59:26 PM
Quote
Congress has long-recognized the potential harms posed by sports betting to the integrity of sporting contests and the public confidence in these events.

This topic stems from the suspension of Jameson Williams for 6 games because he violated the gambling policy. I dug a little and found out the reason for the policy. My understanding of this is that there are two sides to sports betting, the gambler's side and then sports contest games. But this is the first time I am reading that sports betting can affect the game negatively and results in reduced public confidence. Does this apply to the NFL only? What about soccer and other sports? Are they exempted? Let's talk about this.


1. https://www.espn.com/chalk/story/_/id/23501236/supreme-court-strikes-federal-law-prohibiting-sports-gambling

2. https://www.google.com/amp/s/syndication.bleacherreport.com/amp/10073237-lions-jameson-williams-among-nfl-players-suspended-for-violating-gambling-policy.amp.html

To all sports I guess but depends on each of the player whether they would be taking part of the gambling side. Quite related with fixed matches but sort of not. Simply shows how powerful money is which could even influence an industry. I'd say such thing is not new in any field of sport and is existing for years. As I've said, it does depend on the player or fighter whether he would choose to be bought. We all have our own reasons on doing things. Ofcourse what is ideal is for players to not be involved with such acts but things does not simply work that way. This is because factors are affecting ethics. What happened with jameson williams have been done by other fighters as well, but ofcourse proving such thing would be hard to achieve.
2383  Economy / Gambling discussion / Re: Are you a fan of sports betting? Have you ever considered using Bitcoin sportsbo on: May 03, 2023, 05:49:33 PM
I There are a lot of people who are familiar with Bitcoin and its features, but I don't think it's a good idea to use Bitcoin sportsbooks as a means of payment.
Not just familiar but they are involved with it already. Those who are only familiar with it are newbies and they are still doubting if they will also join the millions of people who are already in to it or they will wait for a better moment because some countries still has a complicated status when it comes to legalization of Bitcoin and there are people who still lacks of proper knowledge on how to operate and avoid taking big risks in Bitcoin but that's better than just rushing completely and ended up regretting.

I don't understand. Why say that Bitcoin is bad for payment on sportsbooks? Is it about its volatility? Or something else? But it's fine, that is your opinion but the majority of us here have no problems with it and we will continue using it.
Gas fee I guess. Personally, I am using other coins whenever I am depositing or withdrawing on the gambling site I am currently playing at. But this is not because Bitcoin isn't as useful as with the coins I am using, it jist happened that fees are lower which is not surprising given how large Bitcoin network is. There are even times I prefer using fiat in sportsbooks because there are no strict restriction in my country but I doubt with the others. To those countries wherein gambling is totally prohibited, cryptobased platforms could be an aid not unless servers are restricted. Also, I wont condemn players who worries from losing in their holdings as in line with their bets. That's simply normal given that it is money we re talking about.
2384  Economy / Gambling discussion / Re: Machine Learning Model for NBA Sports Betting on: May 03, 2023, 04:41:16 PM
I am really interested in ML models for sports betting however there is something I do not agree with.
They use previous data to predict the future just like any other model, fair enough. But it's not how it should be.

ML models should have human-like brain and should be able to compete each and every individual player and it's last match performance and then generate a result.
I am sure the ML model behind ChatGPT i.e. GPT4 will be a really great tool for this.
Human like brain would be impossible at the present. Even with AI projects, existing data are only the basis of the information or the limit eith the information, such software would be processing. With ML in gambling, I am not really into it. I would more enjoy losing because of my decision than to rely with the generated data in particular with the outcome. Also, losing is more certain in gambling and I won't be happy winning because a tool just helped me. It could also promote an advantage over those who do not have the tesources to access MLs. Not considered as cheating but it somehow bypasses the idea of what gambling actually is.
2385  Economy / Gambling discussion / Re: Losses In Gambling That Still Haunts You Until This Day on: May 03, 2023, 03:41:59 PM
Date/year : This happened 2016
Amount or Figure : $200
What Game : Slot

Maybe this is not much for some of us but everytime I remember the money that I spent on slot I somehow have this guilt feeling since you can buy many things with such amount already. That's also the reason why I rarely play slot game when I gamble.

But now I learned not to dwell in my past losses and move on because it can't bring any good to me. Playing in moderation and acceptance are necessary in order to not have regrets when you gamble your money.


Loss is a loss and we have different towards such thing. In my case, I had a loss of $2.5k before in slots. It became a wake up call on my gambling career to limit things. I had the urge to take back my losses but fortunately my friends helped me to accept what happened and limit the amount I gamble in each day or week. Unfortunate but I am thankful of it 'coz the idea of not learning to accept defeat is what scares me the most; I could have lost a bigger amount. Knowing myself that time, I would be frustrated to get back in that day as well which will never be advisable in gambling given that results are never certain and losing is more likely to occur in every bet.
2386  Economy / Gambling discussion / Re: How Big is the online gambling industry today? on: May 03, 2023, 03:04:26 PM
I'd say huge and becoming bigger each and everyday. One factor which made its emergence faster is accessibility which is more convenient in comparison with land based casinos. Also with cryptogambling, it gives accessibility to countries wherein there are restrictions to such activity, as long as the gambling server won't be prohibited. Another as in line with convenience is being easily accessed to whenever time is preferred by the player. Many online gambling platforms are continuously appearing because of the increase with the number of players nowadays. Gambling games are also evolving from the traditional ones, which is a sign of development as well.
2387  Economy / Gambling discussion / Re: Questions of the day for gamblers on: May 02, 2023, 11:25:49 PM
If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?

Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?

If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?

What is the most convenient games you play on gambling platforms?

Is using leverage about luck or skills? Or even a rigged game?
As far as I know, pure luck based are regulated thru algorithms which but only to some casinos which avoids letting their players continue winning. But most of the time it is not. This is because a friend of mine way back 2018 tried to run a fiat based online casino.

Slot machine is one of the gambling game which is considered to be pure luck.  Which gives me the idea that if you are winning then you are lucky. It will also be impossible to win continuously in duch gambling game category. Any game is convenient ws long as you have the accessibility into it. If it is convenient with time, pure luck games are the ones being played for a minute to see the result, unlike with sportsbetting, so I'd say such games are the most convenient. Leverage on the other hand is more of a skill because it speaks for managing the risk right? Unless emotion would be the bottomline.
2388  Alternate cryptocurrencies / Altcoin Discussion / Re: What role have altcoins played in cryptocurrency industry on: May 02, 2023, 05:39:20 PM
As the word suggests, alternative, and I believe that is regarding Bitcoin which is the biggest coin in this industry. Altcoins are simply alternative coins in which investors could engage themselves with. Also, altcoins represent new projects being introduced and being released in this industry. Most of the time, altcoins are having larger market price increase in comparison with Bitcoin and the reason behind this, is token supply, volume, and demand. Altcoins are known as well for short term investment. And I think that is all with the difference. With regards to advantage, altcoins are the alternative investment, investors could engage .themselves,with proper trigger management.However, its alikeness with others are demand which gives me hope to be better in the future.
2389  Economy / Economics / Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff) on: May 02, 2023, 05:19:04 PM
Dollar indeed have shown decline on its market price in line with issues of the country's economy but hey, we are talking about dollar, a powerful currency and is something being used across the globe. For sure it won't fall down easily. There is a reason to worry but never to panic. If you choose to let go of your USD then that would be fine but if you are just having thoughts of doing so because of the things surfacing the  net, then think twice. I'd more look at the downfall of US as a downfall as well with ither country's economies especially the third world. Read further articles about the situation this currency is tangled with and decide for yourself afterwards.
2390  Bitcoin / Bitcoin Discussion / Re: What will you do with bitcoin? on: May 02, 2023, 04:43:27 PM
So I wanted to ask you all, what are you planing to do with bitcoin when it will go to 70k, 80k etc. Are you planing to sell it or you will keep holding it?
If you will sell it, at what price are you planning to do it?
Why wait till then when you got no idea what is going to happen the next day or the day after. For me Bitcoin's price is just right to do whatever the holder wants.

Whatever I am going to do now is what I would do whenever the price increases. If I am going to buy a house then, I would buy it now by taking profit. It I am going to start a business with it, I'm already going to start doing it now. This is my own opinion though.
It does depend on the type of idividual you are. If you would be seeking for bigger profit and you are into long term holding, it would be normal to just continue holding. But if you would be fine with the profit on that amount already, then selling would as well be fine. Some people would sell and wait for the price correction. Some would just stay away from stress and just let its price increase do the work. Some would be forced to sell halfway the increase because of circumstances or change of plans. No matter what you plan to do, that would be fine 'coz that is your money in the first place. I would preferrable sell by that time but ofcourse there would be thoughs of "what if it continue to go up, will I be able to re-enter on my target entry point?
2391  Economy / Gambling / Re: Can we trust 3rd party Slot providers? on: May 02, 2023, 03:36:53 PM
Depends but what is actually the need to do so? Why would it be more preferred than betting directly? What would give you more assurance? Problem only with fraudalent gambling platforms are rigged machines wherein you can easily avoid especially once you noticed winning is close to zero percent. weSlot providers are a biased to some players but if it is just assurance for sure there are ways to minimize the risk of encountering bad casinos. One is simply checking the site's credibility which can be done in many ways as well; asking players or checking its popularity in this industry. So I won't really suggest third party slot providers. Also, third party provider would get commission by providing their service, so...
2392  Economy / Gambling / Re: Looking for the best tipsters in the world on: May 02, 2023, 02:54:14 PM
How would you be assured of the tipping service then? Stats? That won't give you guarantee of winning 'coz there is no such thing unless it is a fixed matched. And with fixed matches, most of the time, big investors are the one included in groups, perhaps. Also it is not something which could be accessed by anyone 'coz obviously they would not want to expose it to people because it would break the scheme. Personally, I'd choose to just lose with a simple bet. I do get the point with regards to the importance of profit but man .. don't ruin the sports industry. Gambling is gambling, there would always be risk. I am one of the gamblers who are against fixed matching. Let it be a gamble.
2393  Alternate cryptocurrencies / Altcoin Discussion / Re: How Confident Are you With Altcoin In This Time on: May 01, 2023, 05:20:30 PM
Quite a lot have happened in the crypto investment market with the long run of a bear market in 2022, as a result of the various market crisis ranging from ftx bankruptcy and Luna crash that affect the market for a long time, before the present recovery, many crypto analysts such as myself are confused as for what the level of confidence of investors towards altcoins in this period. Do you consider any altcoin to be pf future profiting, if yes then what is the percentage calculation of your confidence level in that coin and why should we hold them for a long-term basis?
Depends on what altcoin you are referring to. There are altcoins which are having good market price behavior in a long run; ethereum, bnb, and xrp to name a few. But ofcourse since we are talking about altcoins, this includes small and newly released projects which are often good only in short term investment. Big names are the ones which are reliable for long term holding because of these coins', development suuch as with bnb wherein their continuous release of launch pads are giving sustainance to its name.  Huge names in this industry have grown huge community of users generating demand for a  long run which gives strong resistance even with bearish market behaviors.
2394  Bitcoin / Bitcoin Discussion / Re: You shouldn't be worried about bitcoin on: May 01, 2023, 03:41:22 PM
What worries investors of this industry is the tendency that this technology could be restricted to majority of countries because of regulation issues in particular with taxation procedures. Another thing is market volatility wherein investors are usually making mistakes with regards to their entry and exit points.  However, we cannot reallily blame those people who are anxious and worried of Bitcoin simply because they have invested into it, and it is their money we are talking about. It is normal for them to feel so, what's not okay is to let their worries drive their actions, leading to permanent loss. We all know that loss during dumps are temporary and will only be permanent once you sell it. Problem is, we do have different tolerance in this market which makes their emotions valid.
2395  Economy / Speculation / Re: Will the price gets to $60k this year? on: May 01, 2023, 02:54:32 PM
Possible if it is just general possibility we are talking to. The market prices have quite a good start this year and since there are plenty of months remaining this year, if things would be in favor for this industry, then there's a huge chance that ATH could be again reached on the present year. However, the uptrend or bulltrend is more expected next year due to the anticipated Bitcoin halving as we all know. Also, things are just way too unpredictable and we could all make our own assumptions. The market prices would either fall down or rise up in the first place. Eitherways, knowing when to enternbwould solely depend on the investor him/herself whether what pricepoint would he/she be able to endure changes from time to time.
2396  Bitcoin / Bitcoin Discussion / Re: What does it take to become a Bitcoin investor on: April 30, 2023, 08:26:37 PM
I have a close friend who recently purchased 0.8 Bitcoins and when we met he was happy and was like " I am now a Bitcoin investor"
At that point I go this question in mind ;what does it really take to become a Bitcoin investor .does it mean that if you own a considerable amount of Bitcoin in your wallet you are now a Bitcoin investor or there is more to it aside having a basic knowledge of crypto currencies
Can you remove the word investor and use own. Your friend is a bitcoin owner because he bought bitcoin with fiat. I also do not see the word "bitcoin investor" so appropriate. That is if bitcoin was to be a currency that Satoshi prosee it to be.
Will it therefore be right to say that I am a dollar investor?

So, the word investment comes in because of the volatility of bitcoin. When it rises in price there will be a difference between the initial bitcoin you bought and what you hold at the risen price. And when the price plunges, there will be a negative difference too. That is where the idea of investment came from.
Though it was created as a currency by Satoshi Nakamoto, it is considered more of an asset than a currency now due to its volatility and the huge value that it gained over the years. Bitcoin serves multiple purposes, it can be used as a currency to be paid or transferred anywhere or bought and stored as an asset just like gold or property.

So, the word "Bitcoin investor" or investing in Bitcoin isn't a wrong terminology considering how it turned out to be and how it is used mostly nowadays, also, it is traded, so when you buy something that can be traded and provide you profits, you can say that you are investing in that particular asset/thing.
We cannot help it; Bitcoin and other cryptocurrencies just happened to be more beneficial to the users and investors as an asset which has high profit potential due to its market price volatility. Also, Bitcoin and other coins are not being used on daily transactions for the same reason that guilt is on the way and also, the fact that cryptos are not widely accepted to majority of countries. There's nothing wrong I guess because there is no law prohibiting crypto investment and limiting its utility as a mode of payment.

So to answer the question on what should an invidual possess in order to be a Bitcoin investor; one is courage, another is financial capability and last I guess is knowledge about this industry.Quite self explanatory, I think.
2397  Economy / Economics / Re: Investing Addiction. on: April 30, 2023, 07:59:23 PM
This discussion is not about gambling, it is about investing, but I will use gamblers to make an example.

Using gamblers as an example who start out with just the intention to have fun maybe and then along the line turn into addicted gamblers that gambling begin to affect other areas of their life like their wellbeing like they stop spending on some important things just so they can make money available for gambling. Now talking about investing, I think it is possible to become addicted to investing so much that it begins to affect your wellbeing, like the person stops spending on other important things like good food, good clothes etc. just so they can have more money to invest? Do you consider that kind of addiction dangerous and not good?
It is not investing which is addictive but the desire to earn profit and to be rich in a quicker way possible than with earning it through a regular job. In this industry, it is possible to be in such state but to expect that it would be with ease, is the misconception about this industry. We are all aware of how inconsistent and how unpredictable prices move. One wrong decision could result into huge loss. Patience would play a key role but there are other factors such as TA, DCAs, and luck as well. It just happens that many people are disregarding negative side of investments and are only concerned with the potential profit. In any field of investment, things does not work that way.
2398  Bitcoin / Bitcoin Discussion / Re: Investment in bitcoin on: April 30, 2023, 05:36:29 PM
You need to trade part-time rather than full-time. If you trade part-time, you can easily get money to re-inverse and inverse over time. Some people will have a habit of saving for their own home from the start. You can re-inverse such money to multiple in cryptocurrencies. Some mid-earners don't have money to save because they use it all for their food and the food of their family members. So you need to join the big job that pays well.

Are you aware how inconsistent this market is? Indeed investing to cryptocurrencies not only Bitcoin is profitable but given how risk is present, would be a bad thing to abandon what gives you a consistent income, which is necessary for a daily living. If you can do both at the same time then that would obviously be better; investment will give you bigger income but your full time job will give you sustainance of your daily expenses. Whether you are able to save or not, what would matter is the present. Investment alone and other related activities will only give you big profit in an instant but will also expose you to risk. Depending on your income from crypto related activities would also expose you to risks.
2399  Alternate cryptocurrencies / Altcoin Discussion / Re: Pi coin on: April 30, 2023, 04:48:11 PM
At the present, if I'm not mistaken, Pi still has no value. And I really doubt that it will have a huge price even in the future given its accessibility; being mined easily. We all know what happens if there is a large token supply for a certain coin; demand would be low as well as its price. This is evident with play to earn games which has a free-farm feature.
I've been reading a few articles about Coin PI in the last few days. And I have seen that Pi Coin is a good project and I suggest you to do long term holding. If that works then by the end of 2023 the Pi Coin price will hit around $55. But that's my personal opinion and don't use it as your reference in deciding about Pi Coin because every project that is currently on hype has its own challenges to stay up or even go down.
How come it is a good project if it has a large token supply and no utility? And as I have mentioned, easily being farmed. May I know what is your basis with $55 as its potential market price then? I'm a bit curious because i cannot really see it coming for this project.
2400  Economy / Economics / Re: The Biggest Financial Regrets on: April 30, 2023, 03:38:46 PM
When it comes to life financial investment I don't judge it by how early you have started making an investment plan, I only judge it by how far you going to, end up finishing it. For example, those that invested in Bitcoin in its early stage and those that invested when it was a bit costly. You will get to find out that many sold off their bitcoin holding at a lesser price at the early stage when the price of one bitcoin is around $5k, and some even bought bitcoin when it was around   $15k and they are still holding till now.

The paradox of an early financial investment plan is how well you end up finishing it whether early or late

Honestly, those people who think that if they are married with kids and can't try new things do not realize how many hours in a day we have. I have seen so many people who just hours and hours on useless stuff that if you are planned and organized then you have plenty of hours left. I used to work in a different business industry, I worked there for 4 years, and in 2 years of that period I worked every single free time I had, while married (albeit no kids) and still spent time with my wife, all thanks to being planned and organized. Still doing the same thing, my work takes a good chunk of my time, but I don't waste the rest on just relaxing all the time, I try to develop new skills and use them for fun instead of work now.
Honestly, the biggest mistake someone could make and it will affect him or her all through their life is going into marriage when not financially ready for it. In this case, it is better to start late and be financially buoyant than to start early when not financially ready for marriage. This will determine your future and the future of your kids

I had been in the Bitcoin scene since 2014 but stuck around only for a short while before re-entering the scene a few years later. I made plenty of mistakes that, at least now, I'm not repeating, and I've stopped looking back and thinking about what I could have done differently. As you've already mentioned, there's a decent chance that the majority of those who were here in the early stages would have sold during the first bull markets. Life is full of lessons. There are mistakes that I've made in my career, like switching jobs and ending up in a worse one, but regrets lead nowhere.

Now to address the marriage topic you mentioned: getting married when you're not financially ready is neither the largest nor the most complicated issue. A young couple living together with two jobs can live quite comfortably with an average job and sharing expenses in half; the issue comes when kids are around. However, the worst mistake you can make, both on a financial and personal level, is marrying the wrong person.
Problem is, people are confused on the difference between being in a relationship and being married. Most of the youngsters think that marriage will strengthen the relationship but that's not how simple things work in such legal bind. Practicality would be always considered 'coz two parties are required to cooperate and share belongings with one another unlike when they are still on dating stage or relationship stage wherein two parties are technically separated still. Financial readiness should always be a requirement for things to work. But is it something to regret? Nope. Regret won't mean a thing, what's best is to focus on what is there and focus on working things out.
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