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2561  Economy / Economics / Re: Can developing countries follow El Salvador use Bitcoin? on: August 11, 2021, 03:31:42 PM
I thought it brought some courage for them, for these developing countries but seems it looks like they are still not fully taking an action to adopt the system and legalize it. Although to be going that way, as we can see, they are not banning crypto at all which means that their people could still enjoy it even it wasn't legalize already. For me, it was good enough. I may understand their position as well and we can't deny that there are some issues in regards to the spread of fraud and illegalities. May the adoption could take for a while, well, we just have to wait for that moment as it certainly will come sooner or later.
2562  Bitcoin / Bitcoin Discussion / Re: Should I buy Bitcoin? on: August 11, 2021, 03:01:15 PM
Yes of course, but the question is if you are ready and well-prepared like having enough knowledge about the thing that you want to invest in? But since you are telling already us that you are new in this field, I urge you to have learned it first before making a try. I know that experience is a good teacher but never took that much because we still have to invest time in learning things theoretically rather than just only experience. Because if that you are only aware that this was risky, I don't think if you have the courage to try this thing. I don't think so...
2563  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is now a GOOD or BAD time to invest? on: August 10, 2021, 09:03:43 PM
Your too good for a newbie because you know different things already but except of deciding on whether you invest now or not but no doubt that deciding is one of the hardest part here but to help you decide out you need to realise your goals  .
You said your in for long term then ignore the short term dumps but invest with  your heart out . don't wait for heavy dumps if you think it will be hard to happen  
It is nice that the level newbies that are joining this forum and this market is now increasing because there was a time especially in 2017 when newbies where investing in all kind of coins that had no future, obviously this is still happening but I think it is not happening at the rates that we saw before, it seems that they are learning that this market is like any other market and you still need to select a good asset if you want to make money over the long term.
hopefully what you are saying is happening, because I felt that there are still a lot f uneducated newbies now who are just investing blindly, they follow the hype of a popular personality so they invest money, one example is on how DOGE reach to this level now, most probably it will not happen if newbies are not pouring money on that specific coin.
2564  Economy / Gambling discussion / Re: 2022 NBA Season on: August 10, 2021, 08:49:11 PM
Yeah I would have loved to see a healthy Jamal and the Nugs breakthrough this definitely was a year they could.  West is up in the air.  A healthy kahwi team could contend, healthy warriors team can, Lakers, Utah, Suns, etc etc.  West is real deep so long as they are healthy.  Should be a fun upcoming year.
It's worth noting that the Nuggets looked great at the end of the previous season, even without Jamal. By the way, there will be a very strong competition in the West Conference, and I think that now it's difficult to predict which teams will meet in the WCF, although the Lakers will be favorites for me.
Yes, it's hard to predict because last playoffs, we were expecting that the Lakers would dominate the West, but injury happened and they made an early exit in the season. Clippers for me still have a chance though, they are silent now as they don't have any major roster addition but as long as Kawhi is healthy, they still have a chance, a big chance actually.
2565  Economy / Trading Discussion / Re: The reason why investors often lose money on: August 10, 2021, 02:52:52 PM
My rule of thumb in trading is what Warren Buffett said, be greedy when others are fearful and be fearful when others are greedy.
Be greedy should be always too risky, better to avoid. Even Buffett said to be confident doing it once people feel afraid, just be careful since it cannot be applied to every situation. In my opinion, we must always analyze the situation carefully. Do it when it looks like to be worthed and realistic, and kindly refuse to do it once it is likely too risky. Simply, be smart in analyzing!  Smiley


Just think twice, trice or even more just to sure that we are in good and our decision is right (at least). Sometimes we got to rush in making a decision which often results bad and even it gives us losses in the end.
We are to think smart of course but can't deny that sometimes we got to fail. And this seems so hard for emotional investors and the only way to help this is to change our mindset and deepen our market understanding. Of course, this never works instantly, yeah it needs some time and full commitment.
2566  Alternate cryptocurrencies / Altcoin Discussion / Re: Invest in cryptocurrencies. on: August 10, 2021, 02:15:47 PM
Not only in this field, as long as there is investment in any field, there will be risks. What we can do is to improve our level in this field and minimize risks.
The key is to lower expectations. Unless you win the lottery, you will not get rich overnight. The harvest is patient.
Buy and hold. If you want to continue buying, you only need to think twice before you can make a change.
That sad reality is that when people just heard about risk, most of them will just turn around and only a few just left. That is why not all are meant to be in here doing investment as not all have positive thinking towards the market.
Honestly, if we are just close-minded people, hearing those negative could somewhat give a huge influence on us, and perhaps we tried to ignore them and going straight of what we aim for. There is a lot of challenges that we need to win and this could prove that there is no easy way to become rich.
2567  Economy / Economics / Re: Miami will launch its own cryptocurrency and reward users with bitcoin on: August 09, 2021, 01:53:37 PM
Am both altcoins and bitcoin enthsiast, I don't usually support the launch of new tokens for the fun of it. Sometimes fund are raised and spent for trading but when there no fundamentals, they will die and that will be total waste or fraud for some,because it make profit at launch does not mean it will survive the bear market. I will rather propose more adoption process in Miami for bitcoin and existing altcoin before launching new one.
It was just an experiment, may it fails or maybe will not. But for me, it wasn't needed for Miami to make their own digital currency just for the sake of this new market innovation. Because if they are into the after of crypto adoption, they are supposed to support the old coins rather than creating their own. I could see this not a successful platform, maybe I was wrong but can't deny that the majority are prepared for Bitcoin.
2568  Economy / Trading Discussion / Re: Trading skills and strategies on: August 06, 2021, 03:18:27 PM
I am a beginner in trading and have just entered the field of cryptocurrency and tried trading.Mainly through youtube tutorials and some encrypted websites to view indicators and encrypted trading strategies.I think I may have found some reliable technologies while searching and learning, but it takes time to research, and I don't know what to do with these.
I need some help or direction in terms of process and strategy. Any guidance on encryption knowledge and any suggestions are welcome.
I stop thinking the word "encrypted" as I don't know what you mean, I go straight on you being a novice in this field looking for a place that something gives you comfort. But first, I just to tell you now that never think trading is an easy job to take especially in your position and this might not give you a happy life to live with.

Strategies? I think you have done enough watching on YT, only you need now is to apply it in real trading to evaluate if those strategies you've got from online search really work. And there is one thing I should say, don't overly confident that the learning you've got is enough, you still need to continue reading and searching.
2569  Alternate cryptocurrencies / Altcoin Discussion / Re: The future of crypto on: August 06, 2021, 02:47:32 PM
I am sure that the decision of the Chinese authorities to ban the mining of bitcoins is aimed at increasing the risks of losing the crypto-yuan in demand for their coin, because no one will ever be able to control bitcoin, especially since in China there has always been a policy aimed at increasing its assets or the country's resources, for example, development cryptoyuan. Who knows, maybe in some time we will see a rival to bitcoin in the person of the crypto-yuan.

indeed many countries limit the use of btc because it cannot be fully controlled by the government. the solution is indeed to issue their own crypto currency, which they can fully control and supervise. as did Miami city which issued Miamicoin, a token that could allow its users to invest in the city in infrastructure and project funding. This is a good signal, if it proves to be effective, this trend will surely be followed by other cities and even countries. so a future with wider adoption could increase the chances of crypto success in the future.
Only it works when there is support from the community. We have moved to digitalization and some countries are also creating their own digital currency but why do most of them just fail? It was because their people aren't convinced of their intention. They want freedom and free from corruption and market manipulation that is why they stay on Bitcoin.

It was good to what happens to Miamicoin but somehow I feel this will never last long.
2570  Economy / Trading Discussion / Re: Is margin trading good for beginners ? on: August 06, 2021, 02:04:48 PM
Hello Everyone.

I want to know your opinion on margin trading is it good for beginners or not? is there any high chance of losing the money?
I would like to say that Trading is risky in general. And as a beginner, spot trading is the most suitable place to stay as we are just enhancing our knowledge and trading skills. Margin trading requires advanced trading skills and this is very hard when you only have limited market knowledge and much more if you are still in the learning process.

More risk = more profit. But I don't keep this kind of thinking and I don't force myself to try it knowing that I don't have the capability to do it rather than to choose those places that I was fit.
2571  Economy / Gambling discussion / Re: Tokyo 2020 Men's Olympics Basketball Tournament on: August 06, 2021, 01:24:29 PM
Well ...there goes my favorites Slovenia. I had them to win the Olympics but Luka really playing alone in that squad and his teammates should be ashamed of them for letting a kid carry them trough all the games. Against France he made a triple double and he away 1 point away from tie the game and make it to in OT but like I said , Luka was playing alone and no one had a bit of ego in him to uplift his game style and try to help him.

I disagree with that, when Luka was struggling against Spain, his teammates bailed him out and they have a win. They did everything as a team, everyone contributed but France is just the better team and lucky as well. a 1 point loss is not something to be ashamed of.

That's correct as we can see in the box score of that particular game.
https://www.espn.com/mens-olympics-basketball/boxscore/_/gameId/401344354

Doncic only scored 12 points from 2-7 shooting, he has fewer attempts compared to the past games because the defense collided on him.

His teammates did better.

Cancar 22 points
Tobey 16 points
Prepelic 15 points.
2572  Economy / Gambling discussion / Re: 2022 NBA Season on: August 06, 2021, 12:53:54 PM

It's huge loss for him if he still can't get a good contract since he will be the same with Oladipo where he decline the offer of Indiana. Maybe he's value will decrease if there's no team will agree to what he contract he likes. Maybe this issue is from his agent and they demand to much to lakers or any other team and this is lesson needed to learned by other players that they should settle on the current offers if they didn't prove anything yet.
Remember what happened to Kemba Walker way back with charlotte?

That's really a loss for him as his agent thinks that he have that value but suddenly Lakers didn't see that value after giving
him a season to comes up and bring additional force for this team.

Lesson learn to all players as they might lost that opportunities to have a better contract and continue playing with a good deals behind.

Wrong decision, he thinks he could be like LBJ or KD, this kid has a lot to learn in life, he started with a small contract, wanting to get a high contract and he got it, but he got greedy, want more until the time has come that no more opportunity has open for him.
2573  Economy / Gambling discussion / Re: [Boxing] Canelo Alvarez vs Dmitry Bivol on: August 06, 2021, 11:21:17 AM
Wow, I'm amazed, another fight for Canelo Alvarez, this is his 3rd fight in a year according to his record.
https://boxrec.com/en/proboxer/348759

I think he can have another fight if he will win easily again.
his last two fights this year were won by RTD.

His opponent is undefeated but lack of experience, so I'm still with Canelo Alvarez to win.
2574  Economy / Gambling discussion / Re: Accumulating small odds or choosing one or two big odds on: August 06, 2021, 10:47:54 AM
I'm not too good in predicting with accumulated odds I rather go for a straight win and it's pays off most of the times. I gamble only 10% of my monthly income and decipline myself enough not to exceed it unless I have won extra income on my bet then I can go as far withrawing a certain percentage then increase my stake for that month.

I think 10% of monthly income going to gambling is rather on the high side except for you gambling is a source of income and not totally fun or you are doing it as investment. Usually 10% is should go for things as important to live, like savings, health, rent, feeding but not gambling but when you see your gambling habit as investment, that can be cool then.

It must be high for some, but for others, it's just a small percentage.

However, I don't agree with your statement that you should put a higher percent of your income if gambling is the source of your income because it does not make sense if you really are making money in gambling or the word source means you are making a living, you should put everything in gambling to maximize your income.
2575  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs Errol Spence Jr - August 21 on: August 05, 2021, 03:48:28 PM
Here are the undercards of this big fight.

https://nyfights.com/announcements/undercard-announced-in-support-of-pacquiao-vs-spence-jr-ppv/

Quote
WBA Welterweight World Champion Yordenis Ugás will square off against Argentina’s Fabián “TNT” Maidana in the co-main event, while former world champions and all-action brawlers Robert “The Ghost” Guerrero and “Vicious” Víctor Ortiz will meet in a 10-round welterweight duel. Kicking off the pay-per-view at 9 p.m. ET/6 p.m. PT, unbeaten featherweight contender Mark Magsayo battles former world champion Julio Ceja in a 10-round attraction.

We have good fighters in the undercard, this day should be an entertaining day and I'm sure I'll lock into this fight.
I have not availed of the PPV subscription yet but I'm sure I will.

Finally, it has been updated already, the wait is over and now we know already who's gonna fight.

There's one Filipino fighter here, he is undefeated and he is lucky to have work with MP promotion that he gets a chance to fight in this historic fight, if he will beat the former world champion, then for sure he will get more big fights in the USA.
2576  Economy / Gambling discussion / Re: Being unpredictable on: August 05, 2021, 03:31:10 PM

yes, in my country casinos are forbidden too, as far as I know we don't have underground casinos but there are some places you can go to play things like poker,
the lottery is allowed and ran by the government of course, and there is a famous game in the streets that is not legal but you can find everywhere that is called "jogo do bicho", kind like a clandestine lottery with animals

You'll not get the full satisfaction if you are afraid of getting caught, when gambling is illegal, you should not play in a physical casino, instead, learn how to do it online. What's the use of entertainment if you risk yourself getting caught on a violation that you will regret later?
2577  Bitcoin / Bitcoin Discussion / Re: What hatred do people have for Bitcoin? on: August 05, 2021, 03:05:30 PM
My Questions now are, Why do some people hate cryptocurrency so much? What's their back story? Did they ever lose a huge amount of money in cryptocurrency?
There can be many reasons why people hate Bitcoin. The most general one is that it's something relatively new and risky, and it's a part of human nature to be cautious and a little hostile to new things because if we don't know it, it might be dangerous. Another reason is shilling for something else: Bitcoin is a scam, but _____coin is revolutionary / stock market is awesome / investing in property is great. And, of course, there are reasons mentioned here before, such as people with negative experience who invested and then sold at a low price point or got scammed or people who're jealous and greedy.
I often hear those bolded words as the reason why they are hated and afraid to invest in Bitcoin. They are telling the truth that this was risky but talking about "it is a scam", they might have a scam experience causing them to blame Bitcoin which is suppose to blame themselves or the person who scammed them, not Bitcoin.

Another reason is that...the volatility of the market.
2578  Economy / Speculation / Re: will bitcoin ever go down like 2018-2020 on: August 05, 2021, 02:37:09 PM
so yea like will ever just stabilize really low like in 2018 and 2020? or are we at the low?
Everything that happens yesterday, today, and tomorrow is unpredictable, that much more in the future, I think it was just only a wild guess. Because if we are sure what would really happen this year, like be said the same as 2018-2020, we're supposed to sell more rather than accumulating coins. But as we can see, people are still investing and quiet to see how the market shows an amazing trend like it never dumps and turns bearish after hitting its ATH. That was enough to prove that the market is changing and no path to follow and thinking about another 2018-2020 is seems impossible to see.
2579  Alternate cryptocurrencies / Altcoin Discussion / Re: If all crypto users to KYC on: August 04, 2021, 01:49:53 PM
https://www.theblockbeats.com/en/flash/43369
Tax laws require brokers to comply with IRS reporting requirements. Most importantly, they must tell their customers' details.For the encryption industry, this is impossible, and it also means that the government has banned mining in disguise.The government’s purpose is simply to improve tax compliance. But this influence to the  currency industry may be devastating。
There is a possibility that all crypto holders will pay taxes in the future once the government is really serious about tax implementation. We know it was not what we wanted to happen that is why we choose crypto instead of fiat but seem to have no choice if they become aggressive and if there is an implementing rule urging every holder/user to pay taxes.
But this gonna be a long discussion and the not being so easy to do that, not unless if they fully control the market. But something we are just be prepared of, who knows, right?
2580  Economy / Trading Discussion / Re: Losing in trading needs questioning on: August 04, 2021, 01:18:42 PM
...

I usually ask myself questions whenever I have consecutive loses in trading, trying to know where I'm getting it wrong. This had helped me many times to get more trading knowledge that had improved my entire trading.
I appreciate how you are able to manage yourself despite the losses and mistakes that you have done.
Well, I have to remind you that learning couldn't be instant, suffering losses is not a thing we worried about but to consider this as a helping tool to let us know where we are wrong and a need to correct it ASAP. And those who easily give up and leave crypto, it was clear to say that they are not meant for this. as this is only the place for risk-takers, and sad to say that not all are destined to become a trader either.
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