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2421  Economy / Trading Discussion / Re: How to deal with bear markets on: July 01, 2021, 11:22:49 PM
The bear season is a huge challenge and many are quitting when seeing their portfolio is declining, that actually disappointing. But I don't think it is a need for us to quit but rather have to think that it will back to the bullish season. This is not new actually, dump and pump, we are like riding in a roller coaster.

It is very simple on how to interact with this bear market,
*keep calm and avoid checking the market constantly coz that really gives the influence to your mind and could give you frustraion. To enjoy some activities will give us the opportunity to divert our minds instead of focusing on the market.
2422  Economy / Trading Discussion / Re: Fear : The Debacle of a Trader on: July 01, 2021, 10:44:27 PM
Fomo is one of the power movers for traders and if you can't control this feeling, you will surely just get carried away.
definitely, so don't be emotional when you trade and always control your emotions because that's how every good traders can prevent making mistakes, especially when there's an event which can really shake the market, so bear in mind to don't ride the fomo and always think twice before making decisions.
It is relatively easy to avoid FOMO if you take some time and do research whether what's been said about a particular project is right or not. There was so much FOMO about Shiba Inu and out of nowhere, everyone was talking about it. I felt so excited and feared that I might be missing out on a potentially profitable coin but once I visited their website, no mention of their team, no ready to use product, and telegram group filled with people talking moon but without logic, I quickly realized that this is just hype created by supporters and admins.

It is actually hard to avoid being thrown away by FUD though because positive news can be avoided but when you hold a coin and negative vibes are coming about it from the social media and blogs, it is hard to contain yourself and hold.
News is very influential, it could really change your mind if you read and feel it seriously, that is why I skip them but have to focus on a thing that I can be more on the positive vibes. FUD and FOMO had surrounded us, but if we trust crypto and ourselves, it can't affect you for sure. It is a matter of how we respond to them if we know what we are doing and understand the nature of trading, FUD, and FOMO had made no sense. This is all about our mindset and we must have to control our emotions.
2423  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: July 01, 2021, 10:14:39 AM
Overall, salute to PH Cadets. Even they lose, the country is now again recognized globally in terms of basketball.
I've read the statement of Baldwin and although there's a recognition that his team did well and his players played really well. He said that he's already used to have this sentiment from the fans but he really thinks that they can do well. As for their match for the new hours, I'm sure that many of us are going to tune in with their match and even with sleepy time as the game is scheduled in our time during the dawn. They sure got the needed support from everyone in our country and that's going to push them more at their best with their match against DR later.
I'll definitely give time and watch this game, there is a bigger chance that the Philippines could win this match, Serbia is way better than Dominican Republic, so I think the Philippines will win. Actually, the Philippines being the underdog is nice, nice because we have good odds and I'll bet on the Philippines to win, no more handicap, they'll win this one.
2424  Local / Pamilihan / Re: NBA discussion, betting and etc. on: July 01, 2021, 09:40:05 AM
Mas nakaka excite pumusta ngayong game 6 dahil unpredictable ang resulta ng laro ngayon. Pipilitin ng Suns na e close ang series na ito, pero parang umiinit si Paul George at kanyang team. Mukhang hindi talaga mag papatalo.

Tama, pressure ang both teams ngayong Game 6.

For Los Angeles Clippers, win-or-go home na sila so need nila manalo whatever it takes. Do-or-die sila last game, kaya same pressure pa rin on a later game. All-in na at dapat maging aggressive.

For Phoenix Suns, they can't afford to lose on this upcoming Game 6 at may tulog pa sila sa Los Angeles Clippers pag umabot pa ng Game 7. Magiging choked team din sila sa history ng Western Conference Finals pag natalo sila sa series na ito as they will blew a 3-1 lead here at talagang nakakahiya kung ma-upset pa sila.

1hr 30mins before the tip-off. Excited na ako manood at maya na ako matutulog coming from work. Smiley


Congrats sa Suns, tinapos na talaga nila ang series at ang ganda ng panalo nila sa game 6. Di ako akalain na tatambakan nila ang Clippers sa game 6, nawala na ang Playoff George, mukhang napagod siguro sa game 5, anyway, congrats pa rin sa Clippers dahil kahit wala sa Leonard, malayo pa rin ang naabot nila.
2425  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Next better altcoin? on: June 30, 2021, 11:13:32 PM
At present many new tokens added coinmarketcap. How I find a good and valuable token. I am afraid to buy a new token to see my family background. Can I continue trading or stop immediately or find a better altcoin. Please give me a suggestion. I want to earn more money for a better future.
I tell you that it was your choice which coins to invest in. You can find a thousand coins on the market but considering that many are worthless, it is a need for you to be wise in choosing them.

I can suggest to you that is to choose coins that are in the top 20 listed coins at CMC. I'm not saying you need to have them all but it matters the capital you want to risk. Only you need to check their volume and also check where it is listed. More often I choose those coins that are listed on the known and reputable exchanges like Binance coz that will be our assurance that it will never die, instead, it grows more.
2426  Economy / Trading Discussion / Re: Does Trading have an advantage over investing?? on: June 30, 2021, 10:39:45 PM
Okay so people keep saying holding is more important and things like its better because if you hold, you pay less in taxes because of long term capital gains.


However, what if the crypto or stock increases like 50% or even double in a few days time or weeks time etc?  Yea so you are paying a lot in taxes if you trade... but if you wait for a year or longer, now you could have no gains or just 5% gain.  Whereas you trade for a few days and make 50%... sure you pay a lot in short term capital gains... but if after a year, the gain is only 5%, well you made more trading than holding. 


Thoughts on this for trading whether crypto or stocks?
Trading is more profitable than investing just like buying and selling of goods, making profits or loses every time transactions are made.  Trading gives daily returns without waiting for long duration of time or waiting for centuries for profit to be made.
Both trading and investing has their own affiliated risks that are involved in the market.
You can never say that unless if you are lucky enough that every day the market gives you a favor. Maybe you are right in saying that trading is more profitable but you can't deny also the risk inside which is the reason why many people who try trading went losing their money after.
I won't argue with you which one is profitable because all the results will depend on individuals decisions and market strategy.
2427  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: June 30, 2021, 01:47:32 PM
Philippines and Serbia will play tomorrow I guess.

I just check the betting line and the Philippines is currently +30.5 with 1.90 odds.

According to the schedule in my bookie, the game will start on JUL 01 02:15, I think this is early morning in Philippine time.
2428  Local / Pamilihan / Re: NBA discussion, betting and etc. on: June 30, 2021, 01:32:20 PM

Unexpected ang naging resulta sa game 5, ito na yata ang pinaka malaking panalo ng Clippers at nagawa pa nila sa homecourt ng kalaban. Akala ko rin matatapos na ang series na ito, pero mukhang gumaganda pa at may possibilidad na mag game 7.

Yan din ung akala ko, since nasa home court na ng Suns at kagagaling lang nila sa panalo, yung buong momentum nasa kanila talaga, sarap sana kung nanalo na sila malamang sa malamang ansaya nung napakaraming fans na nanuod ng live,

Kaya lang ang ganda ng nilaro ni George talagang ang husay ng pagkagising nya timing na timing sa pangangailangan ng Clipper, kitang kita din sa mukha ni Coach Lue na gusto nya talagang manalo kaya yung balasa ng tao nakadepende talaga sa kapasidad ng kalaban at kung paano nila maatapatan at lalamangan.

Another unexpected game winner na naman. Nakatabla na ang Hawks sa game 4 kahit wala si Trae Young, ang masaklap pa nito na injured pa si Giannis Antetokounmpo at di pa natin alam kung may chance ba na makapag laro siya sa game 5.

Bukas, game 6 na ng bakbakang Clippers vs Suns, sana manalo ang Clippers para may game 7 tayo.
2429  Alternate cryptocurrencies / Altcoin Discussion / Re: Which Cryptocurrency has best future? on: June 29, 2021, 10:52:53 PM

While you can use cryptocurrency to make purchases, most people treat it as a long-term investment. However, investing in cryptocurrency can be risky if you don’t know where to begin.
If you are looking for a higher market assurance, I suggest you to consider investing in the top coins in the market, never look into the cheap coins as they are likely can't offer good results but mostly just losses. Thus, thinking for a long-term investment, it is a need of patience but the question is if you were able to make it when hearing FUDs or, you will be in a panic and sell them immediately?
2430  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: June 29, 2021, 12:11:46 PM
Great news for the PBA rookies.

PBA set to raise rookie salary cap amid Thirdy and Co. move overseas

They are now competing, maybe they are threatened that their players will be taken by the overseas team, it seems like the action of Ravena has become a blessing in disguise as it benefited the rookies since their salary is increased.

It's been mentioned before in this thread that the only way the PBA will be able to stop the young prospect from playing abroad is if they will give a competitive salary, and it happened very fast and it's really timely, otherwise, PBA will not have the best players and will be boring.

Thanks to Ravena, he was really the first one who started this.
2431  Local / Pamilihan / Re: NBA discussion, betting and etc. on: June 29, 2021, 11:45:45 AM
Game 5 na tayo mga kabayan, maaaring last game na ito ng Clippers, so sa mga supporters diyan, pakita na kayo.

Anong dapat gawin ng Clippers dito para manalo sila?
Please, wag na nating sabihin na palaruin si Leonard dahil hindi possible sa game na ito.

Maaring mananalo ang Suns pero sure ako magiging close game pa rin ito gaya ng dati.

Ano sa tingin ninyo?

Close game kung ung pagiging agressibo ng Clippers eh nandun pa din, kailangang kailngan nila lahat ng tulong na maiaambag ng bawat players nila

ngayon, dapat mag adjust sila between Mann and PG bigyan nila ng mas madaming opportunities yung bata para lumabas ung totoong potential.

Nakita naman natin ung kapasidad nung bata nung last game nila sa Jazz.

Pagandahan na lang ng balasa ang bawat Coach at kung papano lalaruin ng mga players ang kanilang mga roles, medyo mahirap pumili kasi parehas may magandang chance manalo ang bawat isa.

Si PG pa rin ang magdadala sa outcome ng larong ito, kailangan niyang mas galingan pa para mas ganahan pa ang teammates niya. Sa nakikita ko, hinid is Mann ang umiiskor kapag hirap si PG, kundi si Jackson at napakalaking ambag rin ni Jackson sa playoffs at a series na ito.

Mukhang questionable pa si  Zubac sa larong ito, maglaro naman sana siya dahil kailangan talaga dahil sa galing ni Ayton sa loob.

PG 5-20 lang ang shooting last game, napakababa niyan, kailangan in improve to more than 50% para lumaki ang chance nila.

Unexpected ang naging resulta sa game 5, ito na yata ang pinaka malaking panalo ng Clippers at nagawa pa nila sa homecourt ng kalaban. Akala ko rin matatapos na ang series na ito, pero mukhang gumaganda pa at may possibilidad na mag game 7.
2432  Alternate cryptocurrencies / Altcoin Discussion / Re: The right time is now! on: June 28, 2021, 10:56:02 PM
when the market is down lately, this is a great opportunity for us to buy some of the coins you mentioned earlier, but be a smart buyer don't just buy coins without learning about them. The market is very dangerous for beginners who just buy coins.

There is always a chance for us to get profit, when the market is down like now then buying is the best thing, if the market continues to go down then be patient and always optimistic that the market will shine soon. It's happened often occur.

Yes, it's true like you said, but don't be tempted by the current market, try to observe first why this is happening, and make sure you observe the market before, whether it will shine in the future or not.
because what often happens now, because there are many new market competitors, that is what is happening now.
We don't want ourselves to fall into the trap, that is why it is very important to have a market analysis before taking action as it was a helping tool to make decisions.

The market is so tricky, we need to be careful and cautious in every decision we've made because a lot of people got tricked by just a few drops. They are taking the opportunity but without a simple search, they are only investing coins that are nearly to die, and the drops continue with less possibility that it will recover.
2433  Bitcoin / Bitcoin Discussion / Re: In theory there is still another China ban waiting to be launched. on: June 28, 2021, 10:29:24 PM
That news of banning bitcoin from time to time in China and releases that news is just getting exhausted and becomes unimportant already.
We shouldn't be worried anymore if they shutdown their entire country and those news are just becoming FUD to bring worry to you.
Expect that they won't stop reporting that news of banning whether it's the ICOs, bitcoin, NFT, Defi, etc.
yeah, we don't care if they will ban because they are not the one who holds the future of crypto. In fact, almost every day we hear banning coming from them but look, we still survive and even grow more. That will emphasize that we don't need China anymore and we are not affected too much unlike before. They don't want crypto and so the community doesn't want people who wanted to control the market.
2434  Bitcoin / Bitcoin Discussion / Re: Don't Trust this type Offer on: June 27, 2021, 10:56:18 PM
They are sending emails with a good offer to all registered email at their site and that is why you are receiving un updates.
But to ask how reliable this offer? It is uncertain, we know their reputation and that was clear enough to think if they can be trusted and this another trick to catch noobs.

Just don't mind it and ignore their emails or if possible to block them.
2435  Alternate cryptocurrencies / Altcoin Discussion / Re: why meme coin is crashing on: June 26, 2021, 11:47:33 PM
No never have to wonder about it in the first place. Think that all potential coins still have time to crash, how much more for these shitcoins/meme coins. They are more vulnerable to such a trend and therefore, we never have to expect that it keeps on rising but instead, to possible crashes and never rise again. Now, if you are investing one of these coins, time for you to think about selling, yeah, better take that opportunity before it becomes dead.
2436  Economy / Trading Discussion / Re: Let's say you have a large amount of BTC and you on: June 25, 2021, 10:35:03 AM
~
You're entirely entrusting your identity to groups of people that would not care if someone was willing to pay them for selling all of their user's info.
I am not saying that reputated exchange would do this anytime soon, but it is money on what businesses like these exchanges are after.
That he is right, he already gives trust to that particular exchange because he never saw a problem with them. He already found the credibility of that exchanges since he uses this several time and without any problem or even compromise his funds inside. I will do the same if that being required.
Maybe we could be doubtful to comply with KYC if the exchanger is new and it looks suspicious but as slaman29 said, he had proven it that was a reputable exchange and his decision is right.
2437  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs Errol Spence Jr - August 21 on: June 25, 2021, 09:57:01 AM
We did not see Manny Pacquiao fight for the past two years and he is not getting younger and these delay is due to the pandemic and not because he was injured or retired but the problem is that with age your reflexes goes down and that is a fact. We can very well understand this once the fight starts and in the first three rounds we will know whether we are seeing the old Manny Pacquiao.

But his training routine doesn't change since then. It was continuous even he's busy with his political activity.

Rested for 2 years and his age are not the things we should see as his disadvantage.

And no, we can't judge the result right away and understand where should the match will go after 3 rounds. As the round continues, both fighters will lose their stamina so expect their strategy will be adjusted too.

I don't see the stamina of Pacquiao here as an issue because he has been fighting for decades and he hasn't changed. Maybe because of his age he slowed down a bit but he also adjusted his strategy to still make himself effective against any opponent he is fighting with, and Crawford is not the biggest fight of his career so he can take care of him for sure.
2438  Economy / Gambling discussion / Re: 2020 Philippine Basketball Association betting discussion on: June 25, 2021, 09:45:05 AM
No news in their official website, anyone had some rumors from other sources?

There's no official date yet for the opening. There are some side news that teams continuously doing their practice sessions. It means it's a high chance that the opening is near. I think they will push a single season only that's why they are not rushing everything. They can start at most, next month if 2 conferences or in August for a single conference.

But we are currently distracted by some basketball events today like NBA Conference Finals and FIBA Qualifiers so we don't feel much about the PBA environment for now. Smiley

With NBA east and west finals the attentions are all focus with the teams that they are supporting, as well with the gilas young cadets who performed very well.

PBA is not releasing any news in regards to the date of opening, but likewise the teams are on their respective practices meaning that the preparations for the incoming games are taken seriously.

it's a matter of decisioning whether single or two conference for this year.

Since they'll start in the 2nd half of the year, then I think a single conference is most likely be the setup.

Yes, the NBA really makes us entertain because we are already in the WCF/ECF and after this, the biggest event which is the NBA Finals will start.

There's still plenty of time for the PBA To start and I think they are right on track so probably next month we might see some good news.
2439  Economy / Gambling discussion / Re: [Boxing]: Lomachenko vs Nakatani June 26 on: June 25, 2021, 09:19:44 AM
You can obviously see the height difference, but you can see the Loma is somewhat measuring the distance already, hehehe. No trash talking because of the language barrier, but we all know that Loma doesn't trash talk unless you start it. And Loma says he want to get another crack at Teofimo Lopez.

I think there's mutual respect between the two, Loma knows that Nakatani is tough, but he knows he has the tools to beat him badly. On the other hand, Nakatani is looking for the biggest career win against Loma, so he will try to put pressure on him.

Not sure if Lopez is still willing to give Loma a crack, but as we have said, when the money in the table is huge, Lopez might give in. Good boxing this weekends.

The fans would definitely want to see a rematch, but before that, Loma has to focus on his current upcoming fight and has to win it convincingly. He still has  lot of believers, maybe he is not just 100% that time, so it's nice to see a 2nd fight between him and the champion to give him a chance to reclaim the belt.
2440  Economy / Trading Discussion / Re: What Practical Advice For A Beginner Trader? on: June 24, 2021, 06:44:02 PM
I tried trading Bitcoin a couple of years ago but quit after I lost $300. What advice do you have for me if I decide to start trading again? Thank you!
From what I have understood, most of the newbies that comes to trade cryptocurrencies are doing so because they thought they were going to make quick money, they never consider the risks that are involved, and once they trade and lose, they quickly run from the market. That’s what happened in your case, you lost and you ran, because at first you thought that Bitcoin was another cash cow and you never considered whether there are risks or not and you didn’t prepare yourself for the ahead that were ahead of you.

It’s good that you know that now, and I believe that you are ready to start trading now, knowing fully well that there are lots of risk involved.
Trading is a test of how long we can extend our patience. Some just give easily and never turn back again. This is mostly happening to newcomers, I know they were hard to adjust to the market volatility and that makes me understand their feeling when they lose at their first attempt. But, if they are really strong and committed to their plan and goal, eventually, they can surpass the trials.

As a newbie, it is just something we really need to work hard and to find ourselves enjoying what we do despite the losses we got. And this is how trading will works.
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