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2781  Economy / Gambling discussion / Re: Best Practices for Staying Safe When Gambling on: October 15, 2023, 05:41:58 PM
...
It's easy to say "you should stop gambling when you realize you are going a bit too far" but it's hard to accomplish.
The problem is that gamblers do not realize that they are playing and spending more than what they are supposed to do. When they realize they went too far, they think there is no way to go back and they should continue till they recover their losses, and this is where things start getting ugly.
The same applies to talking about setting a budget for your gambling activities. It's easier said than done.

what you say here is very true, it's not easy but if we try and work hard to make it happen, that doesn't mean it can't be done, there are many gambling addicts who fail to change their bad habits because they are unable to control their own thoughts, No one can save you from the possibility of becoming a gambling addict except yourself, that is a sentence that actually must be instilled in the mind of every gambler.
If a gambler who has a great desire to continue gambling healthily without being addicted will definitely always try to be consistent with whatever they have planned to stay safe from losing more money as several people have said here.
Nothing is impossible in this world as long as they have a strong desire to avoid addiction, of course they will take steps to choose to consistently plan funds to gamble with an amount they can afford to lose and be consistent with that plan and I also agree that addicted gamblers are the impact of those who fail to control themselves to stick to their own rules.
Balance and self-control are crucial, especially in gambling. Healthy gambling involves planning and only risking what they can afford to lose. This strategic and emotional discipline distinguishes casual and recreational gamblers from addicts.

The line between responsible gambling and addiction is narrow and can blur unexpectedly, so be careful. Safe gambling and healthy gambling habits, especially in cryptocurrency, require a community effort. As you noted, sharing expertise, anecdotes, and control tactics like keeping to a plan can help the community create a safe space for everyone.
2782  Economy / Gambling discussion / Re: Can Chat GTP destroy poker on-line gambling??? on: October 15, 2023, 05:25:06 PM
Reading another post, it crossed my mind that AIs and particularly ChatGPT could potentially be trained with a large samples of games played by poker champions and then put it to auto-play with amateur on-line players. If this is successful, it could mean the end of human on-line poker playing except perhaps for the world masters and the like. Has anyone tried? Would it be possible??
I have never done anything using Chat GPT. But I heard this chat has made people's work much easier with GPT. Everything from agricultural work to people's travel needs has been made easier by Chat GPT. But here I want to say that this chat GPT can never predict people even though it makes people's way easier. Not just human prediction This chat GPT can not make any prediction. If can't predict how this chat GPT can play a role in winning in casino platform. This Chat GPT can investigate what happened in the past but Chat GPT cannot predict what will happen in the future. And this chat GPT will never destroy the gambling platform.

Chat GPT is awesome, you can just give it a try and check out all the different possibilities, it's free and we all can access it online. However, the big hype from Chat GPT is already fading and so far, I haven't noticed any difference when playing online poker. Usually, I play 1-2 nights poker per week and for the last several months the games are very similar, it's not like I started to lose more games now than usual. For me using Chat GPT to play poker is not really an option. I like to make my own decisions and I played for so many years that I kind of have fixed system on which I rely. The only reason for me to start looking for ways to include Chat GPT in my poker plays would be when I notice that all the other players are using it. I wouldn't say that this is never going to happen, but for now people don't seem to take advantage of the new technology. Maybe at higher stakes people are already using it, but then I would expect to read more about it on the poker news websites. During the last big poker tournament they didn’t speak about the impact of Chat GPT on poker.


Great summary of your poker experiences and Chat GPT's involvement (or lack thereof).  Entering the “poker world meets AI” scenario, technology and gambling can coexist. From examining betting patterns to planning against opponents, gaming is full of possibilities. Your experience and belief in your system are noteworthy and appreciated.

You're right about huge events not having AI disruptions. AI, especially Chat GPT, may struggle against human players' unpredictability and cunning. Imagine a gadget that subconsciously guides you towards statistically favourable actions, combining your intuition and AI forecasts! Imagine the sight!  Sort of like sewing years of experience and AI computations into a smooth quilt of...undeniable victories? Buddy, what do you think?
2783  Economy / Gambling discussion / Re: benefits of having mature accounts at 3 casinos (personal experience) on: October 15, 2023, 05:10:54 PM
The
Casinos adore generating huge gains! The goal is always victory! The house edge is a significant reality, not just a slogan! Casinos are clever and know how to safeguard their interests. VIP accounts aren't given out like candy either

A player, to get to that VIP status, he’s spending, spending a lot, wagering a lot, depositing a lot, and the casino, it’s benefiting, benefiting a lot! Why not if a skilled player wants three accounts in different casinos and meets all the requirements? Why not, I say? Let him have and operate them as long as he doesn't abuse the system or the casinos, which is crucial. Fairness and savvy business are key
Very very clever their are,  for casino to have the initial house edge system in place,  it means that their already set out to take all possible measure that will put them at advantages over the gambler and at some level being able to win more than the gambler ever do collectively,  this is why we have hard to come up with the self restrictions of a thing to help protect and limit the gambler from overly involved with gambling at some point.

So for that before a gambler is able to build an account up unto vip level,  it means he bard gone through a lot with the casino up to losses and a few wins since it is always about the house edge and nothing more,  the casino is at liberty to do whatever their dim fir for the business and allow only games to win on luck and depending on luck to win those games.

So before he does arrive at the top level in VIP ranking or means a lot of money has been burned as fuel to get to that destination and also being able to accumulate to meet total wager requirements.
The house has that edge, almost like they've cracked the matrix to always win, right? A legitimate scam, but isnt that part of the gamblers' excitement and game? They enter the arena knowing the gladiators (casinos) have refined their swords and techniques. The house edge and VIP levelling are ridiculous, but they're part of gambling!

Self-restrictions are crucial yet often disregarded. Gamblers on this perilous journey require those protections! Could blockchain solve this? Imagine a decentralised gaming platform with transparent losses and gains and smart contract-protected limitations. Exploring tech to enforce self-restrictions while letting people enjoy the ride safely is a strange thought, but isnt it fun?
2784  Economy / Gambling discussion / Re: Flip or Trade? What’s The Bigger Gamble? on: October 15, 2023, 04:57:49 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin.

Indeed, if trading is largely about skill and understanding the market, then why do many traders struggle to consistently outperform the market average? Isn't that indicative of an element of unpredictability and chance, much like gambling?
There is unpredictability in the cryptocurrency market, there is no doubt of that, but that doesn't really make it just like gambling where there is no chart, there are no movement patterns, there is no rule of supply and demand, and there is definitely no indicator that gives you a general idea of where the market might move next. That's why, despite the market being highly unpredictable at times, one can still be able to make more successful trades than failed ones if one studies the market very well.

So, when we talk about gambling, we know that there is nothing like knowledge or experience or anything that can give a person any idea about what the outcome of the next bet can be, that can be said about sports betting but it's again different than gambling games because sports betting also requires knowledge and experience from bettors.
Have you heard "Knowledge is power"? It applies to many parts of our lives, including crypto. Every market—crypto, stocks, even beanie babies—has wild coasters. But its beauty is in the rhythms, ebb and flow, and small indications that say, "Hey, maybe it's time to hodl." A. "Dude, sell!" Gambling? Thats random. No doubt, I enjoy poker. Theres still strategy and bluffing. Similar to sports betting, where the informed have an edge. Finally, learn, be curious, and enjoy the ride. The crypto-fueled rocket ride is what matters, not the destination.
2785  Economy / Gambling / Re: Casino Junket Operator on: October 15, 2023, 04:38:56 PM
This scam scheme just recently exposed to the media due to the tv program and strong social media but this exist long time ago and very popular on reddit. Junket operators is way of foreign money launderers to mix money from investors money on this operators. There’s tons of complaints and reports like this in the past which doesn’t go out to the public because they are being paid or force to a long term contract by the operators in exchange for the promised profit.

There’s really a legit Junket operator but this one is not because it’s a clear ponzi due to the “guaranteed” promise. Too bad that the master mind of this scam scheme is on abroad while all the contracts is not made by him in person so he can get away while the person in charge in PH is the one who will put behind the jail.
You are right, it looks new because the masses are just getting to know about it but actually its been going on for a while, for example this is happening presently in the Philippines, there are now many complaints flooding the NBI ( National Bureau of Investigation ) from investors and account managers of casino junket scam been defrauded of their hard earned money, one of them claimed that the leader duped investors into believing that they would continue to receive 5% monthly ROI and believe me this complains are increasing in numbers.

When they ways you plan to get money is too easy without any hardship then it's a trap, you will one way or the other pay for it, I don't know how a business strategy would survive with a long term five percent daily on their investment, it's crazy that people are believing this nonsense, this is the kind of offers I will turn away instantly because there is always more to this type of attractive offer, for me to grab any chance even if it's the most needed, it has to be a fair deal.

When an offer is too interesting and hard to turn away from you are the ultimate goal, but mind you, there is a consequence that will strike you hard in the future.
This investment disaster rollercoaster is fascinating, and your views are spot-on. Looking deeper into this chaotic ocean of casino junket scams, it's amazing how these "surefire" profit machines are designed to explode, right? Fast, easy capital is irresistible.

Consider this: what if we focused on building a coalition to validate these seemingly shiny prospects instead of chasing fast wins? Openly sharing scam and dangers experiences creates a comprehensive community database of “what to avoid”. Imagine securing your money and creating a bulwark against future predators. Do you think a collective, knowledge-driven shield is worth the risk?
2786  Economy / Gambling discussion / Re: Lotteries and possibility vs. probability on: October 15, 2023, 04:24:01 PM
But actually buying more lottery tickets doesn't mean it will increase your chances of winning or even getting the jackpot because it all depends on the luck of each gambler and many gamblers have managed to win just by buying one or two lottery tickets.
Thinking of buying more tickets is wrong decision and anyone can become challenged and then use all the money to buy lottery tickets.

If you are chasing the jackpot then it is better to always buy the same numbers every time so sooner or later you will definitely come out and be able to win it and several people have proven that this method is effective enough to win.
But still as I said sooner or later there is no definite time when these numbers will actually come out.

Togel is complicated bet and not single gambler has been able to solve the lottery number algorithm so it is natural that lottery bet winners often use their winnings just for fun because I also understand how they feel when they win.
Buying lottery tickets does not increase your chances of winning. But people still think that way and buy lottery tickets in large quantities. They think and hope that a large number of tickets can help them win the jackpot because with a large number of lottery tickets, there is a possibility that one of the lottery tickets will come out as the winner, even though that's not how it works because to be a winner of the lottery you have to have luck in getting rid of all your competitors. That could be wrong, but not so for people who are used to buying lottery tickets. They will buy more lottery tickets.

Chasing the jackpot is very difficult and only a few people can win the jackpot. We must be able to buy tickets with the same number because many people also have the same wishes as us. But they should buy random numbers because we will never know which number will be the winner. And if we can buy that random number, we can be the lottery winner. But be careful in buying those lottery tickets because they can cost you a lot of money.

It's better to use the lottery as entertainment and only buy enough lottery tickets so we don't use too much money. Indeed, many people keep buying lottery tickets but have yet to manage to win.
We're juggling the magical idea that more tickets increase win likelihood. Like saying more fortune cookies will bring more luck! Lets add some maths to this creative and amusing idea.

Whether you buy one, ten, or 100 tickets, the odds of winning scarcely change. Like emptying the ocean with a bucket—honorable, pleasant, but pointless! The temptation to win is irresistible, like eating another piece of chocolate cake after having two. 🍰

How about a friendly lottery pool instead? Gather, dreamers and hopefuls, everyone contributing a small amount, buying a batch of tickets, and sharing the prize (or, more likely, the thrill of possibility)! It lightens the voyage financially and creates a social gala where dreams, stories, and what-ifs are exchanged with mutual fun. A victory in companionship, shared ambitions, and maybe even lottery!
2787  Economy / Gambling discussion / Re: Navigating the World of Online Gambling on: October 15, 2023, 04:07:03 PM
~Snip
I personally don't like the idea of putting all the information in one post in this forum. Because when you are presented with every knowledge you will never go through all of them. Just the basic and you may think that you have known all of it. Just to give you an idea, when people search on the internet, and it is difficult to find but in the end they actually find it, The valued more and they are really easy to learn about it.
Now imagine where everything is presented in one single page and you can search it and it will show up. As I mentioned, people won't put that much value in it. They will only learn the basics or few that are on the top and then went on gambling and make a huge loss. They will come back to you and blame you for their losses. Have you ever seen people praising those who share the tips and for them other people have won? That never happens and will never happen.
Even if it's all there, people these days are so lazy they don't even want to search the internet to do the research. They will hear a little bit of gossip or some little thing on the internet and they will trust that with everything. This is what makes today's people so much dangerous. They don't want to learn but they want to blame.
Your perspective is intriguing; doesn't it spark analytical discussion? The contradiction of ease of access to knowledge and its perceived worth (and impact on learning) in the digital era is especially evident in high-stakes areas like gambling and cockfighting.

Imagine Alex finding a well-written post. Alex gets only the basics, gambles it all, and loses. Alex's superficial engagement or the post? In online culture, your idea about accountability in losses and lack of acclaim in gains is very relevant. But isn't this a chance?

Imagine building a forum conversational AI that delivers information, interacts, engages, and directs users to learn in a systematic, depth-enhancing way. Not just an information dump, but a guide, a mentor, guiding people through the maze betting and knowledge, fostering a deeper understanding and reducing the temptation to blame others for failures. Could a intervention reconcile ease and depth, reshaping user engagement and learning efficacy while instilling personal responsibility? How about exploring this avenue?
2788  Economy / Gambling discussion / Re: Cockfighting? on: October 15, 2023, 03:50:17 PM
`
For those who are solid fan or enthusiast with cockfighting then they would really be surely making those actions on the time that they are seeing their own roosters is winning against the enemy on which punching in the air or jumping or whatever actions you would be making due to excitement could really be seen and would really be totally random.It is really just the same on other gambling or betting games on which your bet is really on the winning side which excitement and boost is there. About into those running times on the time that authority had caught them because of doing illegal match ups or betting then it would really be that something laughable to look or see at but of course they are really that fighting for their lives because once caught then you do know on whats next.  Grin
This cockfighting scene and its hype is crazy, right? You have this historical tradition and modern legal and ethical difficulties. (Thinking deeply.) Imagine a way to preserve excitement, community, and culture without harming the real world.

Imagine a virtual platform where you can train, breed, and fight digital roosters. Its virtual, so they have their own stats and skills and everything's fair! Strategy, breeding, conflicts, betting, and excitement continue without real animals being hurt. What do cockfighting veterans think about this digitalisation of their sport
2789  Bitcoin / Bitcoin Discussion / Re: The difference between bitcoin and cryptocurrency. on: October 15, 2023, 03:25:02 PM
I've come to realise that many people still don't understand that there are other cryptocurrencies apart from the bitcoin
You are right, but I don't agree with you because I think that if a person is engaged with this forum and does not even know the difference between Bitcoin and cryptocurrency, then I think he should not stay on this forum. Moreover, for those who don't know about it, I will a little bit describe the literal meaning of cryptocurrency in terms of cryptography. Cryptography is a Greek word that means hidden writing. Bitcoin is The name Bitcoin was later given to it. The first Bitcoin was named after its creator, Satoshi Nakamoto, who later named it after a white paper.Cryptocurrency is synonymous with Bitcoin; the foundation of cryptocurrency is placed on Bitcoin. If there was no Bitcoin, cryptocurrency would not flow, which means that cryptocurrency is dependent on Bitcoin. Now, because Bitcoin itself laid the foundation of cryptocurrency. And as the founder of cryptocurrency, why is it not possible to say that Bitcoin and altcoin depend on the market, etc. These people think that this altcoin will replace Bitcoin, but this thinking is totally wrong. 

I hope the meaning of the word is understood. Now let's talk about the difference between Bitcoin and cryptocurrency in conceptual terms. Well, both are from the same perspective, but each has its own merits. All other things are similar; the only difference is that the trading supply is limited to 21 million, while the supply of cryptocurrency depends on the coin and how much it holds.
Is it so black and white?

The symbiotic link between Bitcoin and other cryptocurrencies is intriguing. Bitcoin was a pioneer, but wouldnt another digital asset have taken its place if BTC didn't? With or without Bitcoin, the technological and conceptual foundations were laid. How you view the link between Bitcoin and altcoins, especially in terms of dependency and the idea that one cannot survive without the other, is intriguing. Dont you think its a dynamic ecology where one thing improves the other?
2790  Economy / Speculation / Re: Is Bitcoin In Bullish or Bearish Trend? on: October 15, 2023, 03:07:31 PM
I cannot deny that your data points show a concerning picture of Bitcoin's trading volume. We need to consider a few factors before embracing the decreased trading activity narrative, right?

The environment of Bitcoin and cryptocurrency trading has changed swiftly, especially with more user-friendly platforms and alternative investment channels. From my perspective? - I wouldnt use trade activity alone to assess Bitcoin's health. Traditional trading platforms may be declining while decentralised ones are rising. Per se, its activity redistribution.

Your sentiment-driven price view is common. Clearly, emotions drive the market. Its also crucial to illuminate intrinsic value propositions, utility, and adoptions. Bigger companies are integrating Bitcoin into their operations, and it goes beyond trading. Its multifarious utility cannot be overlooked. Cryptocurrency has always had dramatic price manipulation and waiting periods. Patience and caution have led to success in the past.
2791  Bitcoin / Bitcoin Discussion / Re: If not for Bitcoin on: October 15, 2023, 02:45:39 PM
All of these major incidents that you mentioned (3AC, Blockfi, Celsius, Voyager, Luna, and FTX ) are all centralized services that have nothing to do with Bitcoin in the first place. They are like parasitic organisms that had to be eliminated.

Although these incidents were painful and caused losses to many people, they had a positive aspect in that they made people realize the importance of Bitcoin and that it is the only coin that can be trusted. Therefore, I support your opinion on this point. If it were not for the existence of Bitcoin, the cryptocurrency industry would have collapsed completely.
Through this incident most of the people who are hard believers of altcoins and focusing much on altcoins for higher profit could've understood the reality of the market. If bitcoin is dependent over altcoins, now this could've been a collapse, but the reality is completely market depends over bitcoin which had kept the market progressive amidst the occurrence of more failures.

Once we had a situation where anything tokenised used to bring good revenue to the venture capitalists as well as the users invested on it. Within specific time period the project goes unlisted. From that situation things improved and now other forms of fraud happening through centralized services. Users have got more opportunities to correct themselves and now it is a big learning.
Wow, things have changed a lot. I remember when altcoins were huge and everyone thought they would take Bitcoin's place. But, as you said, Bitcoin has always been the more likely choice in the market. I've often thought about what the crypto world would be like if the roles were switched. When businesses try to make money off of any tokenized product, its kind of like the wild west of finance, right? But thank goodness we learn from every scam and accident. Its called evolution, man. Not so with centralised services, though. Those are very different. Always keep an eye out for danger and learn from the past.
2792  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin Still A P2P Electronic Cash System ?. on: October 15, 2023, 02:29:11 PM
Bitcoin has a great potential which made it to go beyond using it as a payment method but also as a store of value and as a commodity in the passage of time. Hodling bitcoin doesn't mean that you are going against the purpose of its creation and design, because there is no way that one can hodli bitcoin forever.

When you hodli, and it is time to take profit, you must sell it or use it for payment, it depends on what you need the funds for. The challenge that some people are having in using bitcoin as a p2p payment system is that bitcoin is not legal on their country and the only way that they use bitcoin is by hodling it and keep their funds safe from inflation, especially people from the third world countries.

I have seen people from this forum that accepts bitcoin in their businesses as an alternative payment method. As long as traders are still on exchanges, and investors are still buying and selling, I think that will help bitcoin adoption to grow. We all have our choices on whatever that we want to use out bitcoin for, because it must be in a way that will favor us. While you are hodling, another bitcoiner might be using his as an alternative payment system, because it is not everyone that will do the same thing.
Absolutely agree with your point! Bitcoin's many uses in the global economy are a resounding “yes” from me. Lets be clear: no one can tell you how to use bitcoin. Period. This is the core of decentralisation and financial autonomy.

Geographic BTC usage disparities, especially given legal limits, are formidable but not insurmountable. Your advice on hodling to protect value, especially in shaky financial systems, may revolutionise third-world economies. We must promote the idea that bitcoin is a lifeline for financially struggling people, not just an investment. I appreciate your contribution to this lively discussion and believe that diverse BTC uses will promote worldwide adoption.
2793  Bitcoin / Bitcoin Discussion / Re: DCA method on: October 15, 2023, 02:12:21 PM
Bitcoin isn't that volatile for the time being; the past few months, up to a year or even more, have been relatively stable, ranging between $25.000 and $28.000. With that being said, the DCA technique is quite effective in such cases since it's not going to purchase at an excessive price, nor at an extremely low one either, so it's safe to state that it's a relatively safe period. However, DCA isn't a panacea like the OP is claiming, and someone who's not financially well-off cannot acquire Bitcoin, no matter the technique. Purchasing $20 per month, as some users are suggesting, isn't enough and won't cut it, even on a long-term basis.
The points you said are good in this case but I definitely disagree with what you said, indeed when talking about the quality of purchase about $20 will feel small but when the strategy in terms of quantity and effectiveness it is better. Indeed, we know that when we are in bitcoin with a small amount, it will definitely make a small profit too but the point is not there because in this case we must be aware that whatever amount we get in the end will be much better than nothing so that regardless of the amount that exists and we invest in the end as long as we have a level of consistency in making investments it will definitely be paid according to what we sowed before.
The DCA method is a good method if indeed we want to become an investor, especially in bitcoin with a long term especially if we are serious about doing it.
You're right that little, steady investments are better than nothing, but isnt that too simplistic? Shouldnt investment size affect profits and happiness, especially in Bitcoin's volatile corridors? Yes, tiny gains are better than no gains, but theres a plateau where the returns may not justify the patience and strategy over time, right?

DCA is acclaimed for minimising risks and avoiding bad timing, but doesnt its efficacy decrease with small investment amounts? In a market slump, minor profits may not have the desired effect. So, while consistent, little investments have their benefits, is there a way to boost returns?
2794  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Fourth Halving Under 200 Days Out, What's at Stake for Miners? on: October 15, 2023, 01:55:12 PM
Wow, there are just around 200 days left till crypto-Christmas, is that right? So, here's the situation: we're all waiting for the halving, rubbing our hands together, thinking about charts, and attempting to predict what will happen. However, we understand that the rewards for miners will be cut in half, which should theoretically reduce supply and increase demand, possibly leading to an increase in prices. Its fundamental economics, but the word "theoretically" should be kept in mind.

Now, the prior halves have featured some incredible bull runs after the event. We observed it in 2013, in 2017, and, with a delayed effect, in 2020 as well. But, (and yes, there is a "but") the price of Bitcoin is affected by a wide range of variables. Therefore, even though the halving—a planned mechanism for creating scarcity—is a foregone conclusion, its effect on pricing is anything but predicted. Heck, unforeseeable events (like global pandemics) and the macroeconomic environment can all change the trend in unexpected ways.
2795  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: October 15, 2023, 01:33:37 PM
We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.

Investing in reliable bitcoin like bitcoin is not risk of losing money so we can invest in bitcoin. Besides bitcoin we can choose some coins to invest from altcoin. But investing in altcoin is more risky than bitcoin. Again bitcoin's  If you invest in altcoins, you have the opportunity to make more profit.
Choosing a specific coin to invest in is our next step but the first step in our investment is how much we know about investing. You can buy any coin anytime you want with the money you have but that is not called investment. Before investing, planning for a certain period of time, having a sufficient understanding of the investment, fixing a certain target, observing the market, buying a coin with the risk of money, and holding it for a long period of time is usually an investment. I mean holding for long term investment, people who will invest and within a few days of investing will be restless to sell their investment I don't consider that as investment. Long term investment means you must hold your investment for a long period of time if you lose money or make a profit then your investment cannot be sold. 

For those of us who are interested in investing, if we feel that we have enough knowledge about investing, then our next step is to choose a particular coin, for long term investment, I never look for other coins because my first and last choice is Bitcoin. I am not willing to take maximum risk of money no matter how much profit other coins give me, I think my money is safe if I invest in bitcoin so I always take bitcoin for long term investment and I think I am right in my decision.
Isnt it funny how some folks think they're "investing" by just throwing money at random coins without a plan? Im with you on that. Before diving in, understanding the landscape is paramount. Knowledge is your shield in the wild west of crypto! That said, I cant help but chuckle when I see someone jumping ship every other day because their "investment" dipped a bit. A long-term vision, as you rightly pointed out, is a sign of a seasoned investor.

Now, about Bitcoin - I totally get where you're coming from. Its the OG, right? Its like wanting to stick with the classics instead of the new flashy trends. Others might chase the next big thing, but Bitcoin has proven its resilience time & again. Your caution is wise, my friend. While diversification can be beneficial, there's something comforting about sticking with the tried and true. And who can argue with that?
2796  Bitcoin / Bitcoin Discussion / Re: Is there an alternative way? on: October 15, 2023, 01:15:06 PM
I can understand your concerns regarding the traceability issue, especially given the fact that hodling is becoming a common tactic. Utilising "stealth addresses" is one approach to guarantee the privacy of your HODLING wallet. With this technique, you can create a fresh public address for each transaction you get. In this approach, it will be difficult to link the funds to a single wallet even if someone were to look at the blockchain and see that they are going to many addresses.

Now, about mixers: They perform an intermediary role. Users submit their Bitcoins to the mixer, which shuffles them around with other coins and delivers them back, creating a complicated network of transactions.
2797  Bitcoin / Bitcoin Discussion / Re: Bitcoin can change lives on: October 15, 2023, 12:53:06 PM
If the timing is right, we can take huge profits from the significant Bitcoin movements that have occurred in the last few years.
So far, there are a lot of people whose lives have changed for the better because of Bitcoin, just imagine the people who keep Bitcoin for a long period of time and the increase in Bitcoin is so high that the profits they get are quite big and can change their lives, in fact I am one of them among them.

And if this can continue, with all the potential that exists it is possible that we can again take big profits when Bitcoin prices soar high in the future (and I am very sure that will happen)
Bitcoin can change our life depend on timing when investing right or not, if wrong time when investing in bitcoin we can't earn profit due many investor loss their investment during investment when bitcoin price above $60k. No doubt with bitcoin have change thousand people life but don't forget with how many people loss their investment values after investing in bitcoin but get wrong timing. I agree with your opinion about right timing investing in bitcoin can change our life but have other possibilities with wrong timing can make our life broken with bitcoin investment values getting drop. All possibilities with bitcoin can change our life or not depend on right investment time, keep give right mindset when investing in bitcoin can't guarantee change our life but depend on smart when investing time.
So that's why knowledge is needed before making an investment, because it is impossible for us to just enter into an investment without proper knowledge, we will definitely experience losses.
Bitcoin's movement is so fast that it allows anything to happen, and Bitcoin can change someone's life in two ways, for better or worse.
The right time to enter so that we can get profits comes from the knowledge we have, not because of luck, so the point is that being able to enter at the right time is because of the investment knowledge that we have mastered.
Any effective investing strategy relies on knowledge, especially with something as volatile as Bitcoin. Similar to a swift torrent, the market can sweep you away without the necessary skills and tools (knowledge). It takes more than jumping on the bandwagon and expecting fun. However, understanding the intricacies, technologies, and market attitudes is key. Indeed, deep-rooted knowledge can make or break a masterstroke investment, as you noted!

Bitcoin is an intelligent choice, not a gamble, despite its incredible speed. Preparation, perseverance, and patience frequently provide "luck" in this domain. The saying goes, "Fortune favours the prepared." But in this unstable crypto environment, "Bitcoin rewards the knowledgeable!"
2798  Bitcoin / Bitcoin Discussion / Re: Bitcoin Vs Gold, land which better? on: October 15, 2023, 08:56:23 AM
Everything that is mentioned is a good investment as they are bound to increase in value in the long run.

Land is part of the real estate business, which is one of the major businesses of the wealthy in our country. So, I would say it's proven to be a good investment. However, always consider your current financial status. If you don't have a lot of money to invest in land, it may not be useful because investing in land doesn't generate profits right away; it's usually aimed at long-term investment.

On the other hand, gold and Bitcoin, these two are known as digital gold and physical gold, so I guess I will stick with the digital gold, which is Bitcoin. Since its inception, it has already surged to the current price, making many investors rich.
The world of investing revolves around risk and reward, so finding trustworthy sources is crucial, isnt it? In fact, land is frequently hailed as a stronghold of stability over the long run in relation to real estate. Digital investments might not offer that sturdy, hard materiality, but it does. However, the issue of liquidity cannot be disregarded, can it? While returns on investments in land are largely guaranteed, they are sluggish to materialise and drip-feed over time.

In contrast, the enormous digital entity known as Bitcoin represents a different strategy. Yes, its history shows a great value trajectory. But it is crucial to cut through the cloak of previous triumphs and carefully consider any future directions it might go. Although Bitcoin has a long history, there are still many unknowns and potential divergences in the future that any wise investor should negotiate with a balance of hope and caution.
2799  Bitcoin / Bitcoin Discussion / Re: If only property I have is bitcoin on: October 15, 2023, 08:43:26 AM
We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when  I was ill, I was asking myself series of questions in my mind.

> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?

So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.


Seed phrases have to remain secret forever between yourself, but do so for the reason that nobody will ever remain alive forever; we will surely die one day, and nobody will also know when the death is coming. With the purpose of knowing that our seed phrases should not only remain secret to us alone, we need someone sincerely to share them with us in case we are no longer alive. Many people are not more alive now, and even their wallets are unaccessible because they never tell anyone about them. It was just like wasting money while we are still alive by investing in bitcoin because the money will never be used by any of our relatives again or anyone if they can access our wallets to get access to our funds.
 
So it is very important to share our seed phrase with someone so that it can take over when we are no longer in existence, but if you want to tell someone about your seed phrase, it should be someone you trust very well so that you know can never cheat on you. And if I should advise you again, let the person be your close relative.
 

Its not every day you meet someone pondering the long game with bitcoin. You're absolutely right; while we all wish for longevity, the unpredictability of life is real. The last thing you'd want is for your hard-earned bitcoin to just... vanish.

Consider this: There are services now, legal ones, that let you create a digital will. Imagine entrusting your seed phrase, along with instructions, under legal protection. That could be a game-changer. And absolutely, if you're going the personal route, a close, trusted relative is the way to go. Family usually knows best. Protect that bitcoin and keep rocking it
2800  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 14, 2023, 06:15:52 PM
will not blame anyone in that situation and if we think logically I appreciate the person efforts to avoid his friends after a big win because in my experience history when a friend finds out another friend has a lot of money and tries to borrow a large amount promises to return it but in In the end, they did not return the money and the two parties quarreled and broke off their friendship. so if that person avoids his friends to avoid this situation, I really appreciate it because he wants to maintain his friendship with other friends because money can break someone good relationship.

Borrowing money will usually result in a bad way to relationship if the loan taker does not have the money to return the loan in time. This becomes even more serious if any family member or a close friend took a loan from you and now making excuses to return.

Sometimes, I feel that out of goodwill, you may give a loan to your friend as you have won big money in gambling, but the friend simply does not return it saying that you won so much money, you do not need this money. In most cases, the person who took the loan has the money to return it back, but still, he does not return it.

This is why better not to tell your gambling winnings to anyone and therefore no one will ask for loans from you and hence you are saved from all this hassle.
Man, isnt it something when the tables turn and suddenly, winning feels a bit like losing? You're riding high on that gambling win, feeling all king of the world, and BAM! Friends & fam turn into mini loan officers, right? Its crazy. Now, Im all for helping out when you can, but its important to keep the boundaries straight. Friends are friends, banks are banks. Mix them up, and its like pouring cola into your morning coffee. Just a mess.

You hit the nail on the head: the golden rule of gambling winnings is – hush-hush! Keep it under wraps, low-key, on the down-low... you get the drift. That way, friendships stay intact, and your wallet remains safe and sound. Win-win, or should I say, win without any loans?
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