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241  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 17, 2024, 04:06:01 PM
Oh yes, Sunday now
Weekend dump before the pump
Healthy correction

BTC is really for the strong hearted... and those who look at it from macro-level.

Just when we are all enthralled with the enthusiasm of $100k price, it is already heading north not because it is the right direction at this time but just to prove that no one can accurately predict its movement. The best we can do while it decides what it wants to do. Anyways, 1BTC = 1BTC, and you only lose when you sell.
242  Economy / Gambling discussion / Re: Stop gambling if you don’t have free time to do it on: March 17, 2024, 03:47:34 PM
I’m always a victim of this mistake before when I’m still allure on online casino. I keep playing every night after work. I always play until midnight which makes me consume most of my rest time for my job preparation tomorrow.

The result is I don’t have much energy at work due to insufficient sleep and I lose funds on gambling because I keep playing quick due to my limited time. The effect is very disadvantageous to me since I both lose in these situations. This is the reason why I change my gambling pattern significantly that limit me to play only during weekends when I don’t have job tomorrow.

This is an advice based on my experience, don’t ever insert gambling on your schedule if you really don’t have free time for it because it will always result to disaster in both gambling and your life.
This depend on the type of gamble you are involved in. Some gamble are time consuming whereas some are not and can be done one off. Whatever be the type of gamble, they require some time and metal stability to be able to make clear decision. While those that can be done one off like sports betting, the only time required is that needed to make the selection, there after the bet can be placed while you face your other activities. On the other hand,  gambles that require one to spend time may be what you are referring to in this posts. They are actually engaging and emotionally draining, the reason I tend to refrain from most of them. Indeed they are not to be engaged in when time does not permit.
243  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 17, 2024, 03:22:25 AM
The market is diving lower and the opportunity for human capital has been created. Those who were waiting for the dumping market, the dumping market is here, now you can invest from the dumping market. I increased the investment using the DCA method and waited for the dumping market to invest by buying more bitcoins, currently in the dumping market I made myself invested if the market dumped a little more I would buy bitcoins and hold it. Maybe this is the last dumping before the bull market so no one should miss this dumping market to invest.
It's certainly true that Bitcoin market is dumping but I still believe that the declining will not take much time before it will appreciate and this time the appreciation will be in parallel increase in the price of Bitcoin. However, the decline in the price of Bitcoin is a good opportunity for investment in Bitcoin market and to acquire more Bitcoin as possible but irrespective of the unexpected decline in the price of Bitcoin I think it will good for one to have adequate knowledge and understanding of Bitcoin price focasting and proper budget  planning before thinking of investing much money to Bitcoin.
It is not about what you believe as that cannot change what the market wants to do. Instead of focusing in that, your plans should be how to take advantage of the opportunity the market is offering you with the declines and purchase some Bitcoins as your finances permit. Following thus thread should motivate you to be invested in Bitcoin already while you continue to improve on your knowledge of Bitcoin.

I usually feel happy when I see new people join us because I was once a newbie and I made a lot of mistake when I started. Being active in this forum and engaging in the discussion help shape my understanding which helped in my decision making process. I always appreciate the process that brought me this far and I'm grateful for the opportunity to be part of Bitcoin.
244  Economy / Gambling discussion / Re: ⚽ Polish League - Ekstraklasa Prediction & Discussion Thread ⚽ on: March 16, 2024, 10:09:09 AM
I never knew we have a thread for one of my favorite leagues, that usually give me big odds for over2.5 goals which is a selection I love playing. I know not many people play this league because it is hard to predict but if one settles down and add some factors into consideration, one will be able to get some cool odds from this league.

My favorite teams are Jagiellonia, Legia Warszawa and Lech Poznan but I play them to score 2 goals whenever they play home only because at away, anything can happen. Although, Legia Warszawa have not been doing so well this season, probably due to the European competitions. But they have not failed to give me home over0.5 whenever they are home, so it is that option for me tomorrow as they face Piast Gliwice, an average team that will not be able to stop them. Next weekend have more interesting matches for me.
245  Other / Beginners & Help / Re: Latest news in crypto? on: March 16, 2024, 09:56:28 AM
Hello, since bitcoin is on the bullish side again, I permit myself to read and research again about crypto (quite busy nowadays because of work and post-graduate study hence time is precious).  So far, bounty campaigns and air drops are lively again and I hear my friends getting big rewards recently. 

I just want to ask what is the "new" or "hype" thing this time?  Last time was the introduction of NFT, what about this time?  Or are there any specific reason why Bitcoin is in the bull run right now? Is it because of the halving or the ETF?

Thanks in advance.
There is no doubt that news is what fuels this digital space; it somehow bring the necessary hypes that engineers the inflow of fresh capital into cryptocurrency in general. Unfortunately, most of these hypes comes from shitcoins and projects that dies as fast as the hype fades, leaving people to rue their decision of getting involved in the first place. During bull market like we have now, Bitcoin also enjoys such hypes and those who just want to make quick profits are usually the victims of such hypes as they sometimes buy at the top and are stocked in the retracement with some selling at loss.

As of now, Bitcoin halving is the latest news in the horizon, even when it has not happened yet, the market is already responding positively, signaling that it will cause some  unprecedented growth in price. Therefore, I do not think that buying Bitcoin now, which is highly encouraged, is buying into hype because the halving has not happened yet.
246  Other / Beginners & Help / Re: Am i bad to this friend if i refuse to loan him some money in bad economy on: March 16, 2024, 09:35:48 AM
Back to the story:
I made a thread here on the board on how my end-of-the-year Christmas bonus payment was used to buy Bitcoin instead of spending to buy new clothes as my friends and colleagues did back then.


Now I am profiting from my Bitcoin investments then and one of my colleagues is now in dear need of financial help, he needs some help, not life-threatening but money, and now I am not ready to loan him any money as long as it affects my overall Bitcoin holdings.
Assuming you use the money to buy a house, will he ask you to sell your house and loan him the money? I guess he will not and that shows he has no regards for Bitcoin as an investment. You must stand your ground and treat your Bitcoin investment as though they are physical asset that will not be sold easily but held for a long time. This way you will be able to manage and protect it properly. I had once sold part of my Bitcoin to borrow money to a friend who even struggle to pay back after much quarrels and arguments and I ended up not putting the money back into Bitcoin. I'm not saying that helping friends is bad but it should not be at the expense of your own investment which you made for the sake of your future.
247  Economy / Gambling discussion / Re: Paper Betting- Would You Consider it if you Were to Start Sports betting Again on: March 16, 2024, 09:05:03 AM
If you were to restart sports betting again, would consider learning first by betting on paper. This involves selecting 1 to 2 games daily and tracking the outcomes of your picks without wagering real money on a sportsbookie platform.
Quote
Paper betting refers to participating in sports gambling without fronting any money. The idea is to learn the ropes without actually risking real money.
https://www.bettingsite.org/blog/paper-sports-betting-what-is-it-what-are-the-advantages-11569/
It is just like demo trading. Would do it if you were to begin sports betting again or jump right straight into the real thing?
The importance of paper betting just like paper trading should be limited to helping the gambler master the gambling environment, the rules and various gambling options. It should never be used as the real gambling experience because gambling with real money is totally different from paper gambling. The simple proof is that in paper gambling, emotions are not engaged, the gambler is scared of losses because it is not real money. But in real gambling, emotions are active, the feeling of fear alone can result to mistakes and eventually losses. In demo trading, almost all traders make profits and find trading so easy but when real capital is involved, everything changes, the once winning strategy will start to give losing streak. This will not be any different from gambling the reason I suggest any newbie gambler should fund small amount of money and test gambling with it rather than using paper gambling.
248  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: March 16, 2024, 07:35:48 AM
Bayern Munich should focus their attention on the UEFA Champions League because Bayern Leverkusen would not allow them to win the Bundesliga title this season. With the recent struggles of Bayern Munich, it will be hard for them to win the UEFA Champions League trophy this season.
If I were Thomas Tuchel, that is what I will do, there is no point fighting a lost battle. They should surrender the Bundesliga and focus on the UEFA Champions League that is even more prestigious than their domestic league. Even with their second eleven, they can finish the season among the four teams that will play champions league next season, they just have to win few matches to guarantee a slot and thereafter direct all their resources to the champions league where they stand a chance even though they don't seem to be the favorite to win it.

For the todays evening game Cologne vs Leipzig there should be no normaly no problem for Leipzig to win that if they want to catch up on the CL places.
My bet is already placed for Leipzig and hopefully we dont see any surprise result here.
This match should be one of the best of Leipzig that I have seen in a long while. They displayed everything that make them a great team in the match even though they were unable to win first half as many people expected the match to 2/2 HT/FT.  Another option that would have been better is over3.5 goals and this entered perfectly well as the match ended 1:5. Leipzig have to maintain this pace if they will play champions league next season because the battle between them and Borussia Dortmund is becoming tougher as the season progresses. If Dortmund win their match against E. Frankfurt today, which is unlikely, they will return to 4th position while Leipzig will be relegated to the 5th position. Although I do not see this happening because I'm projecting a score draw for the match between Dortmund and E. Frankfurt.
249  Economy / Gambling discussion / Re: Scratch Offs on: March 16, 2024, 04:53:59 AM
Scratch offs were actually easy and cool luck base gamble. Even till date, several big brands like Coca-Cola still have scratch-and-win promos, which employs the same principles as those of physical casinos that made it a business.  Unfortunately,  I have not been lucky to win scratch offs in the past.

I don't know if such can be implemented in online casinos but I feel we already have so many options that are similar in principle to scratch offs.
250  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 16, 2024, 03:34:26 AM
Yes, there is atom of truth in the claim that being a trader is the way to riches because trading will enable one to have a better understanding of the system which is the major factor that will enhance the riches. In otherwise, trading can also have some disadvantage when the prerequisite skill is not well conceive and develop, for one to be a good trader and make riches out of it there must be unprecedented determination and consistency as well as endurance and dedication.
You are new to the forum, I don't know if you are also new to Bitcoin. Most of us starting from trading and got excited at the early stages especially during bull market when every buys almost instantly yield profits, we were so hyped with the euphoria of easy money. It was with time we realised that trading isn't an easy way of making money. I personally paid the price and wished I never followed that route. Today when I look at the volume of Bitcoin I had traded without holding any of them, I feel depressed and wished I could turn back the hands of time.  My only consolation is the fact that I I joined this forum, learnt about a method of investing in Bitcoin called DCA and started building my portfolio afresh. So I call my ordeal the price of learning.

If you are so engrossed in trading and you are really making good profit from it, I will encourage you to immediately set aside those profits in a separate wallet an hold them with long term in view. But if you know that trading is making you turn round the same cycle of profit/loss without any progress, then there is need to change your plans into holding Bitcoin instead of trading.
251  Bitcoin / Bitcoin Discussion / Re: Are you ready to adopt the BTC program for your company? on: March 15, 2024, 09:12:52 PM
When I open a business and see that adding Bitcoin as a payment option is possible, I have no problem adopting Bitcoin but it is not supposed to be the only means of payment in a big business and in a country like mine where Bitcoin is not legalised yet.

In addition, I have to look at the feasibility and viability of adding Bitcoin payment before doing that. I will not add Bitcoin payment on a business who cost of buying an item or paying for serviced is cheaper than the transaction fees for such Bitcoin payment. This is not a way of doing business and does not make any economic sense. Like I said before, I will add Bitcoin payment and adopt Bitcoin if I see that it present some types of advantages over other payment options.
252  Economy / Speculation / Re: lots of up and down action traders having a blast before the 1/2 ing. When moon on: March 15, 2024, 07:47:48 PM
This is one of the uniqueness of the price movement, very difficult to predict with accuracy, and always have its way of messing with the emotions of all. I'm not too surprised though because I already expected some dramas in the form of manipulations around the previous ATH of $69k; price will not just eat it without some forms of retests. Even though price will proceed far above the high of previous market cycle, the retest and manipulations we are seeing now are inevitable. We just have to be patient with the market while ensuring we are invested already.
253  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: March 15, 2024, 05:46:45 PM
One of the mistake I have made before while gambling is chasing my loss thou I have discussed it in one of my thread don't chases your loss,  out of emotional devastation and the wired feeling that comes along with lossing overwhelmed me back then where I constantly be gambling in other to win back my loss, is was huge  mistake because I have made that correction never to gamble with the mindset of chasing your loss if not you will end up losing more of your funds. However it is a bitter truth but I have learnt my lessons.
This is a thing most of us gamblers did in the past before we repented and charted a new course. I think it is a natural and learning process that many people pass through before experience make them realize it is a mistake hence, the need to change. Only few people who are fortunate to learn from the mistakes of others are able to escape this process.

In addition to the mistake of chasing losses, I had this habit of increasing my stake upon incurring losses. This has done be nothing but bad and made me lose my entire funds. The strange part of it is that I couldn't even stop myself until the entire funds was lost. I'm happy today those are in the past and I can only look back to those days and appreciate the journey that brought me this far in my gambling career.
254  Economy / Gambling discussion / Re: Gambling is really unexpected on: March 15, 2024, 04:55:31 PM
Well just like the OP who won when he less expected, many people win gambling when they least expected. Maybe this is where the luck aspect of gambling play a part. I have won several times when I just gamble casually, not because I was desperate to win, and trust me, it gives a whole lot of motivation to win effortlessly. Other times when I tend to be too serious with gambling, the losses never seizes to come to the point that I began to think that I was under a spell. I'm sure a lot us also pass through that stage in their gambling. Indeed, gambling win can come unexpectedly.
255  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 14, 2024, 02:54:01 PM
Holding bitcoin is very much possible only if people are will to do right thing. It is possible to hodl bitcoin if people have the understanding that bitcoin is not a means of having quick money.  Depending in bitcoin too much as a source of income has always been the challenge why people see bitcoin very difficult to hodl.  Get a source of income and invest in bitcoin with the amount you can't afford to lose and it will be very possible to hodl bitcoin without having any challenge.
Holding Bitcoin may not be a means of getting quick money because the investment is kept for a long time but that does not mean that Bitcoin does not offer quick money. As a matter of fact, Bitcoin investment seems to be one of the fastest means of increasing one's money. It gives the fastest and easiest profits among several investment portfolios that I know. Within a period of 5 years, an investor in Bitcoin would have broken even and even make far higher than 50% in profits. This is rarely obtainable anywhere.

Those who bought Bitcoin early last year have made over 200% profits, if this is not quick money, then I don't know what is quick money. Even though there is no guarantee that the profits will always happen this fast and huge, we must admit that Bitcoin also offer opportunity for quick money although the best is to hold for a long time.
256  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: March 13, 2024, 08:09:07 PM
This is the best Premier League title race ever. The English Premier League is more interesting to watch now because fans are always looking forward to seeing if Liverpool, Manchester City, and Arsenal will drop points. If Arsenal can win or draw with Manchester City at Etihad Stadium, I believe Arsenal can win the Premier League trophy this season.
It would be extraordinary if Arsenal could beat Manchester City when they visit the Etihad Stadium at the end of this month, but I don't think that Manchester City will immediately lose when they host Arsenal at the end of the month unless many of Manchester City's key players are injured. Because as long as there are still many key players from Manchester City who are fit enough to play, it will be quite difficult for Arsenal to beat Manchester City at the Etihad Stadium.

I think so too, and under that condition things will turn around again. Liverpool will be back in first place, MC in second and Arsenal in third as if nothing will change. This end of the season is still very tense because any mistake by these three teams knocks them out of the championship race
I don't see this happening anytime soon reason being that from recent history, Arsenal have been known to top the league early in the season and later they will start flopping and lose their spot to the pain and agony of their fans. This year they magically are at the top of the league when no one was expecting. Do you think they will give up that spot easily? I'm actually having the feeling that Arsenal might win Manchester City in their next meeting, this being against what many people are expecting. Arsenal have shown some level of confidence and determination that gave them victories in some matches they would have lost ordinarily. We should not forget that they have won all their Premiership matches from February till date, whereas Manchester City have drawn twice within the same period. Arsenal defeated Manchester City in their first meeting at Emirates Stadium and I'm looking forward to them winning them back to back even though Manchester City seems to have upper hands going by H2H.
257  Bitcoin / Bitcoin Discussion / Re: HODL bitcoins, you can do it! Look at HODL camp map to build up strong hands on: March 13, 2024, 06:30:09 PM
Buying and holding Bitcoin for the long term was already proven and tested, and as far as I can see, it is very favorable for rich people, and there are large companies and several businesses. Especially for people who want a big ROI on their capital.
On the contrary, holding Bitcoin is ideal for both the rich and those that are not there yet. Bitcoin can even be their means of escape from poverty as it has proven to be able to change the financial situation of many people including the early adopters that are very much present in the forum till date.

There are people who has the word "donator" attached to their name in the forum, some of them donated as high as 10 BTC to the forum and as at then, 10 BTC was like peanut that anyone could easily afford then. Imagine those who were able to hold that amount till date, can you call such person poor? I gave this example so you can see that Bitcoin can make someone rich, you just need to HODL and see how happy and proud it will make you become in the future.

Now if there are ordinary people who are in the middle class who save bitcoin via dca, they will also experience earnings in the end, but it won't give them much profit because they won't be able to handle that much, but they are sure that they will get profit from their holdings.
You have to adjust your mindset a great deal because you are neglecting the power of consistency. If you consistently invest $100 per month into Bitcoin via the DCA method, give yourself 10 years from today, you will be financially comfortable.  An average worker will be able to make such investment depending on their country of origin and what the minimum wage is. But the crux of the matter is that investment in BItcoin can make someone rich and the DCA method, which can be applied by anyone, is one way of achieving that.
258  Economy / Speculation / Re: Buy the DIP, and HODL! on: March 13, 2024, 05:21:41 PM
There are people who do not have a stable monthly income like normal salaried workers, but they may have a source of income based on projects, seasons or business, so the accumulation can be different a little bit. Maybe they won't buy every day or every week, but will buy when they receive money and buy according to the percentage of income they have. Regardless of whether that source of income is stable or unstable, more or less, it does not affect your purchase of Bitcoin, unless you do not earn income. Not being able to buy every day or every week for people who do not have a stable income can cause them a bit of difficulty as cumulative buying habits are more difficult to establish than for people with a stable income. Too much buying distance can reduce their discipline in buying.
Regarding not stable monthly or weekly income is not problem with how much dollar accumulate for investing in bitcoin possibility invest weekly or monthly. I think very important about decision want to accumulate keep investing in bitcoin indeed not get stable with salary income, since close ahead of Eid al-Fitr I have smart with spending my income and little reduce for investing in bitcoin but promising for my self one month later will accumulate more fund for investing in bitcoin.
Effective way to invest in Bitcoin requires that you set aside emergency funds for any emergency spending you might encounter. If you have such arrangement in place, this Eid Al-Fitr will not make you reduce your investment or adjust your investment schedule because the emergency funds would have taken care of that. Going forward, I strongly recommend you setting up emergency funds because it will help you with events like the one that is happening now.

I learnt about the emergency fund aspect of investing from this thread and it has helped me a lot in that it makes me never worried or anxious of selling because all the basic things I need are sorted and there is no pressure on the investment whatsoever.

I agree with everything that you are saying Odohu, yet I think that it might be misleading to suggest that an emergency fund should be used for regular variations in income, which maybe if we might be thinking about emergency fund as also covering our reserves and our monthly float, so we likely would not be taking from our emergency fund to invest in bitcoin, but we may well be taking from our reserves... ..
I understand you well JayJuanGee and I appreciate your corrections. I think it is my choice of words that made my submission look a little off from what it should mean. I'm not by any means suggesting that emergency funds should replay funds for basic needs or other things of importance. I also failed to specify that emergency funds should just be used for emergencies only and the religious celebration mentioned does not qualify as emergency as it is a yearly event that someone, who consider it important, should already be saving towards.

but there is hardly any way to know how much to hold back for buying on dips, so we are likely better off to just be consistent, persistent and ongoing in our stacking of sats until at some point the size of our BTC stash and it's dollar value compared to other assets that we have and our annual income (or our expenses) is going to help to inform us to the extent to which we might want to start to switch away from a strict ongoing BTC accumulation practice and into a bit more of a modified BTC accumulation practice.
It is this need for consistency that makes the DCA method a preferred option for many beginners investors, especially those who have been following this discussion. Many of us are gainfully invested in Bitcoin today even in such a manner that we are relaxed and not disturbed by the market fluctuations, all thanks to the knowledge gained here about the DCA method and other important ingredients that make investing in Bitcoin sweet and convenient.

259  Economy / Gambling discussion / Re: Can you stake on a potential(obvious) loosing team just for love? on: March 13, 2024, 11:28:52 AM
This should actually be the meaning of gambling for fun that so many people talk about. I know a number of gamblers that do this especially in sports betting when their favorite team is playing. They think they are standing in solidarity with their team and that is one way of showing loyalty. On the contrary, there are also people that avoid playing their favorite team so they don't get their emotions involved in the gambling decision making process.

I do not gamble with my emotions attached because I see gambling as business so I will not place bet on a team I support. It does not even make sense to play a team you know is weak and cannot win, unless perhaps you just want to throw the money away.
260  Economy / Gambling discussion / Re: A Man bet his life savings on 1 spin of Roulette on: March 13, 2024, 11:06:44 AM
I do not think it make sense betting all your life saving at once or even in series of bets. That is bad and can lead to unpredictable outcome like suicide even domestic violence. Most of the people whose stories of how gambling ruined them have this pattern of betting their entire fortune in common. We have read various stories how this always ends, from broken home to angry children and relatives, it always end badly. Even though this very case was successful, care must be taken so we don't encourage people to go that route because it is wrong of a gambling to do that. The right approach is to gamble with what one can afford to lose because gambling is not sure.
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