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281  Local / Pilipinas / Re: Huwag magpadala sa at maging practical on: March 11, 2024, 11:26:06 PM
Tama ka din naman kabayan minsan talaga kailangan maging matalino la lalo na ngayon na nahit na ang all time high for sure isa na ito sa pinakamagandang pagkakataon para magbenta ng iyong holding depende na lang din siguro sa iyong holding.

Pero ako ay tinatarget ko talaga na maging long term ang aking investment kahit nahit na ang all time high hindi ako naniniwala na nasa bull run na tyo, sa tingin ko epekto lang ito ng ETF at halving, and dati pa naman lagpas 100k na talaga ang target price ko para magbenta so if willing ka naman maghold long term ihold mo.
282  Bitcoin / Bitcoin Discussion / Re: I have known Bitcoin and other currencies since 2014 on: March 11, 2024, 04:21:44 PM
I have known Bitcoin and other currencies since 2014, but I did not move a finger. I did not benefit from anything. I mean, I did not invest anything now. I am serious. I liked this forum a lot. A long time ago, I decided to start investing, even if it was a small amount, in some other currencies. Perhaps it would go up significantly and make profits. Perhaps I would. It is late, but the opportunity is always there. I know that many people suffer from what I suffer from. Many people now talk about Bitcoin, but I preceded them in knowing it by ten years. I want your advice for me. I have high hopes for digital currencies. What do you think?

The market is a big cycle so there are always going to be opportunities to invest in the market, in my opinion, you could still invest even at this time this when an all-time high is already hit, but it is just going to be very risky for sure since there was no proven risk that Bitcoin is going to increase its market price to the All-Time High meaning we dint know if the market price is going to continue increasing because there will be a huge possibility that the market is going to drop soon for correction, instead of increasing so that you could make a huge profit.

Personally what I would do here is probably a Dollar Cost Average even at the peak of the market, I mean there might be a huge risk but it wouldn't really going to hurt if you just going to invest a small percentage of your income on Bitcoin, but It might be better to cut your DCA money as well to probably seventy thirty rule, you could just start saving your 70% in the bank as a saving where you could have access and use it at any time you wanted, then you could just use it in the end so that when you already save a fair amount of money, you could have a liquid price or money to invest on Bitcoin or cryptocurrency just incase the market drop a huge percentage you have a ready funds to invest again.

You should already forget about the past since it is already too late to regret not buying Bitcoin or cryptocurrency in early 2014 because that is for sure a huge amount of winning if you are involved on that, But there where nothing you can do now, the only thing that you could do is just to wait until the next Bear market in order to reinvest again, its never really too late in the market, there are a lot of ways and strategy that you could use anymore in order to earn a huge amount of it.
283  Bitcoin / Bitcoin Discussion / Re: Are there members here who do monthly investment in bitcoin ? on: March 10, 2024, 07:16:20 PM
Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.

Dollar Cost Average is one of the cryptocurrency strategies that you could do on investing in Bitcoin or Cryptocurrency, I personally do it as well on my Bitcoin investment, investing every two weeks every time I get my salary so that I could have a piece of Bitcoin that I could save every time, it's mostly going to be a small amount of Bitcoin for sure but over time you could accumulate a huge amount of Bitcoin when I was just starting to accumulate in the past years it wasn't a huge amount at all, Then as times goes by and the price of Bitcoin continues to skyrocket as well, I could easily see my investment grow up to thousands of dollars worth of Bitcoin which is really great to see as an investor.

Are there members here who do monthly investment in bitcoin irrespective of current prices ? This approach can be really helpful for majority of people like salaried people who get fixed monthly income and can allocate some part of it to bitcoin investment.
Personally, I don't. I just prefer to earn in BTC through signature campaign and avoid spending it as much as possible, so I keep part of the earnings invested in BTC thinking on long term gains. Instead of buying Bitcoin, I just save it. Consequently I also save on fees, since it's very expensive to buy and cashout Bitcoin from exchanges. Some of them are charging abusive 50,000 satoshis fees, which in my opinion totally discourage small investors from doing DCA strategy and holding their funds in a safe personal wallet.

However, if you don't have the alternative of earning in BTC, your only chance is to buy it and pay the fees along the process... In the end it will be profitable, anyway, since Bitcoin is constantly gaining more value on long run, as we can see by watching the historical charts since the cryptocurrency was firstly launched 15 years ago. I would just be careful with withdrawal exchanges' taxes and the need of declaring how many BTC you own to your local regualtor, which is usually done yearly.

I have a few earnings through the signature campaign as well, and most of my earnings on signature campaigns go straight into my wallet, didn't really touch it and I just invested it for long-term investment. There are for sure some times when I need some kind of money at times, mostly half my earnings put fifty percent in my wallet, and withdraw the other half, especially at this moment when the market price of Bitcoin already reaches an all-time high, I might be a good thing but in my opinion, it's a good time to take some kind of profit or do some kind of cashout even though technically I wasn't selling my Bitcoin just not investing all of it because of the high market price, I need to lower the buying power incase the market pullback or have corrections.
284  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: March 10, 2024, 06:39:39 PM
Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

Gambling is a game of luck so it would depend as long as you have a limit on your gambling you're probably going to be fine with it, if you have a limit of around 100$ if you already lose 50$ of it on gambling you could probably keep on going and so that you could probably win it back again or earn a profit in the end. But if you have already lose all of your limit on gambling like 100$ already and that's the only money that you set on gambling because it is the only amount that you could afford to lose, you should stop your gambling already and just accept the fact the your no luck at this time, and you lose some money, Because that is just gambling is all about right not everytime you're going to win on it, there are for sure something that you are going to lose money on it, your just not lucky that time and meaning you could try again some other time if you have the money again, if you still continue probably you might still be able to recover but that is surely going to be a huge risk already considering you already lose around 100$ and not having the discipline and not gambling moderately just means that you could make your loss of 100$ to make it even a 1000$, that is just mostly the trap of casino encouraging you to bet more because you just need to get your money back, but the truth is you risk your money and you should be able to afford to lose that money in case you lose.
285  Economy / Economics / Re: When luxury becomes a necessity. on: March 10, 2024, 05:31:03 PM
You know, there are people that look at certain things and they just conclude that because it's luxurious and expensive, it's not there thing at all. I once had that kind of mindset but with time I have learned that luxury could even make you more productive.

There are environment you will be exposed to and things you will use that will totally revamp your idea on wealth and aid you to work more effectively. As long as the luxurious stuff you're purchasing aids you to become more productive and comfortable, nothing should be too expensive to be bought for your comfort.

I've purchased a Mac laptop that's way expensive than the average laptops I could easily get but because I needed what will work well for the kind of job I do, I had to buy it and I must say that the fulfillment out ways the negative thought of not to purchasing it.

That's one factor that lead me to always go for high quality and luxurious stuff after that moment.

Have you bought something that people feel is rather too expensive and that you could have purchased a lower version of it? What was your inexperience like after that?

I mean for sure you could easily just buy a cheaper laptop as and you could probably save a lot, for me it's gonna be the better thing to do as long as you buy the capable laptop and even though it was kinda cheap it was still a reputable brand where it's not going to be broken that easily. Its basically just the best way to do it if you really want to say money, but for sure there are still some luxuries that is going to be included in our life, like even if you are going to buy something like a gaming laptop or possible a mac laptop which is going to be much expensive than just the lower variant one it doesnt really mean that it's going to be a huge deal when it comes to needs or wants.

If you're going to buy a laptop just because you just want to, for sure that is going to fall into the category of just your wants, and possibly could just be a waste of money in the end, since you just doesnt want it any more you're not going to use it anymore. But if you're going to buy a laptop because you really going to need it for your work like if you are in an office, or something like doing video editing, 3d modeling, etc. that is for sure going to be a need. In my opinion, it doesn't to matter if the expensive or cheap laptop you're going to get since it is used for your work, it is used to generate income so it is going to be considered as an investment. And you could also use that to increase your generated income as well, for sure if you have some kind of expensive gear you're going to demand more higher pay.
286  Other / Beginners & Help / Re: I need honest advise concerning this. on: March 10, 2024, 04:26:29 PM
I've been advised that as a newbie i shouldn't rush but to learn from old forum members and grow. But then, I've seen that for one to grow over here you need to get merited and on a regular basis, well i believe at this point i should've been able to acquire some merits, despite the fact that I'm still a Newbie but then i don't see the Merits coming, even after some post i felt could fetch the Merits. It makes me wonder if my posts are not Merit worthy or Quality enough.

 Though it almost got me díscouraged, however instead of being discouraged, I'm open to learning ways or how to get the Merits and grow on here, my questions are what I'm i doing wrongly? How can i improve it and also where is the best board to write on if i need these Merits coming?



First of all, growing is not really going to depend on your merits since merits are just needed for you to rank up here in the forum, but still, the most important thing is you are learning here in the forum and gaining knowledge that you need on investing in Bitcoin and Cryptocurrency, etc. But if you are really aiming to increase your rank here there is no other way around it but to make a quality post, something that is going to be useful here in the community. I mean getting merit is still going to be a chance because it wasn't going to be guaranteed merit every time since you need other members to give you merit in order to get one that just means that you need to make them think that your post is commendable or merit worthy post, so that they would probably going to give you merits because of your quality post. I mean you could check most of the topics here in the forum that get a lot of merit and you could observe that most of these topics are useful topics, especially here in the forum, or some kind of tips or probably instructions, etc.

Still, I wouldn't really going to motivate you to actually aim for merits, You just continue your journey in the cryptocurrency space, and then in on way with that, you could use this forum as a guide and at the same time as you learn things on your way you could share as well most of the helpful things that you learn as well here in the forum, and for sure your going to rank up on your way as well, the same time as you learn and gain knowledge which I think is the best way to rank up here.
287  Economy / Gambling discussion / Re: Does possessing information play an important role in betting ? on: March 10, 2024, 11:49:45 AM
It wasn't clear since you didn't mention the specific strategy or information that you are telling But for sure it is a very important thing to have on gambling the information.

What I mean by this is having that information is for sure going to help you win, increasing your chance of winning,what I'm talking about is having some kind of analysis, strategy, or pattern etc. Like for example if you are going to just bet on sports gambling since you can't really predict accurately whose going to win you could just pick anyway, but if you are going to analyse or if you already watch like for example NBA, know the players, stats etc. Somehow you have a good idea which team is stronger and whose team has a higher chance of winning. It might not be accurate for sure, but it surely going to increase your chance, if your going to match a NBA team to a normal team Its pretty obvious that the NBA team is going to win, but if you dont have that information your just gonna bet on anyone anyway since you dont really know anything about it. Strategy as well, is going to work if you know what information is going to be useful like in a card game, I mean there are games where you could have good strategy, like knowing that one card like for example king is already reveal you already know that the king is not going to appear again, but if your not aware of that your surely going to lose if you doesn't have the right strategy.
288  Other / Off-topic / Re: Know when to stop on: March 10, 2024, 11:03:56 AM
One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

I get your point, one of the most important things of all when it comes to gambling having the control on your gambling if you have control and you know how to limit your gambling it is not going to be a problem in the long run it is possible that it is just going to be one of your entertainment and also a possible source of income as well if you are lucky enough, I mean for sure not everytime your going to win on gambling but it could be a source of income as well for some gamblers.

Personally, I do limit my gambling a lot, monitor every move and budget, making sure that the money I'm using is just the money that I can afford to lose, and it is not going to be more than 5-10% of my enough so that even if I lose this money I could easily recover from it, I mostly just do sportbetting because this is where I have higher chance of winning and I really like NBA and basketball sports since I already like watching NBA its can easily be a good entertainment for me, plus gambling on it adds more fun on it. I only do around 10$ every bet and the winning could be around x2 or x2.5 which I think is already worth the risk so far I'm able to win a reasonable amount. Im able to grow my money to more than 400$ even though I only started on around 50$, I think that is a pretty good source of income and entertainment for me.
289  Economy / Scam Accusations / Re: Have I been Scammed?? on: March 09, 2024, 11:58:19 PM
I invested with someone(moderator) of a group on Telegram called Worklite Uni Options, her name is Lora. I did some research and did not find anything bad. I did contact a lot of the members for reviews or if they had been paid and no bad reviews, everyone got paid per plan, thought surely not everyone lieing (10 people). It was a 21 day payout. My 21 days is up and now all of a sudden she wants a TVN (trade verification number or code) to verify my profits for her server to send my profits. There is also a website called Capital Base Traders where I can see my profit. Not knowing what a TVN is or where to get one, I didn’t have one, she said I could get one from a TVN programmer or vendor. So she kindly gave me one of her contacts which is a TVN programmer. It all just seems fishy to me. I haven’t contacted him yet, but figuring they will want money to get a TVN. Is this normal or does it appear to be a scam? Thanks for any help!

For sure you just got scammed and I doubt that you still going to get your money back since you already sent it to them, I mean there are tons of scammers, especially on the telegram platform that is doing this kind of thing, similar to this one that is someone asking for investment, It was a pretty basic way to scam people in telegram asking cryptocurrency investments. There are already tons of cases that is similar to this one so for sure your included in it already.

I mean that was pretty obvious that it was a scam, you can't just trust anyone on Telegram since you don't really know him, It's already a thing that Telegram has a lot of these scammers so it was obvious already from the start If you wanted to invest on cryptocurrency and Bitcoin what you need to do is invest on your own do your own research and never let anyone invest for you. Doing some kind of research or background check for sure is not going to work especially on Telegram, it is very easy to make an account on Telegram so searching about there made up names and companies is your not going to find anything about it so there will be no reviews something like that. You should have been extra careful because you don't really know these people, I mean just searching this Worklite Uni Options company thing on Google doesn't even appear any kind of website so that's already a red flag, you should never give or invest some money, you should only do it by yourself.
290  Bitcoin / Bitcoin Discussion / Re: 1 year of accepting crypto payment in my fashion store on: March 09, 2024, 11:45:14 PM
I'm curious about what do you do on fees since there are probably huge fees when the network is congested especially if you are using Electrum as your wallet. Even though you used other options or networks it would still could probably .5 cents of fees but it is still a fee that the customer needs to pay, I mean if you are going to ask me if not willing to pay that fees so that I could buy something using Bitcoin, Personally I would just use what is convenient to me which is fiat money that is obviously going to be much easier, I mean if something is not convenient enough to someone there was no point on using the other one unless it is convenient when it comes to you.

Just like what I mentioned in the past I think the Bitcoin is still not ready to be used as a payment method just because of the volatility of the market price if you are going to integrate it into your business that is going to take a lot of cash on your business, on your business you need to have cash flow on course if a lot of people buy using Bitcoin you can't just sell that Bitcoin for sure at any time you like because it can be a bad timing or probably the market price just drop. Its just like you are continuously investing on Bitcoin everytime someone pays using Bitcoin your investing on it already, so it's still not perfect, where something like an E-wallet could easily do, like fast transactions, it might take some time for the transactions to get confirmed in the network or worse could get stuck as well. If on bad timing your transaction could get stuck on the network probably would take days if you are unlucky, that could also be a thing because transactions might get canceled or get stuck for a very long time.
291  Economy / Gambling discussion / Re: A call to self-examining our gambling habit. on: March 09, 2024, 09:05:24 AM
As gambler when last did you self-examine your gambling habit to create that awareness based on how you are gambling in order for you to be quite sure if you're within a considerable or an acceptable range of a gambling habit that is void of addiction or the tendencies of gambling addiction.

I think if gamblers could take certain step in setting up regular self examining question towards themself it will be helpful to them in their gambling life not to ignorantly be harbouring a gambling addiction or compulsive gambling lifestyle. Quite a number of gamblers are nursing an addictive gambling habit without knowing and for them their gambling life is normal but if they should  genuinely scrutinize or put their habit to test it is possible they could find varied errors to correct and be right on track again.

Don't you think so?

I think if you are addicted to gambling you're immediately going to see it and know it, for sure it is not for everyone there are still some that is not aware of it, probably if you're getting worried about getting addicted to something and you keep on monitoring your bets, games, etc. your probably fine because you still do limit your gambling and having that control on your bets. When I overspend on something I know it on myself that I bought something that is really expensive and it is going to reflect on my funds, at the end of the month salary is not going to be enough to pay most of the bills since I spend it on something, I mean that was pretty obvious I know it on myself I was just pretending that I can buy something just because I really want that thing something like that.

I'm pretty sure that if you are a gambling addict you know that you are doing something that is over the board and really excessive, but I guess the thing here is you just don't want to accept the fact that you are a gambling addict, that is where it gets complicated since you don't acknowledge that you did excessive gambling and fixing addiction is not going to be easily at all because its going to be a long process for sure.

So this is for sure a good reminder to always examine yourself if you are already doing something of that is excessive but doing that you getting aware if you're betting excessively, you could easily change most of the things that you are doing wrong if your already aware of it avoiding mistakes and avoiding getting addicted.
292  Economy / Gambling discussion / Re: I just woke up and saw wins in my gambling app on: March 08, 2024, 11:59:05 PM
I know this is not a new experience for many old gamblers that has been into gambling, but for me it's a new one, I've played a game over a week ago and I didn't even bother to check cause I never expect it to play out or let's say I mostly forgot since it was a busy week, just yesterday I logged it to check out the booking code my friend sent to me so I could fund my account and try it, the nest thign i saw from sporty was a win on my screen, I was shocked thinking it as a network glitch or something then I went to check my balance I had just won some cash, I was happy.

And worst of it, I never expected that game to play it was a rare case of I just tried my luck.

This is another reason why gambling can not be a job or anything like a source of income cause you can't know your games would play out and no predictions is ever accurate.

If you have such experience share it with us let's see the luck guys around.

It's probably a good way to gamble, most of gamblers gamble in order to make a lot of money winning on their bet, but still, there are some that are doing it as well for entertainment, Personally, I do it as well, without having the hope of winning the bet because If I do it that way I wouldn't really going to hurt as if I was hoping to win, If you're going to gamble an amount on gambling you should treat it as it was already lost, since it's already at risk then if you win the bet it's going to be a good feeling overall, then if you lose it wouldn't hurt either.

I mostly do it on leverage trading just setting the stop-loss just letting it do its thing overnight and hoping that in the next morning, it is going to make some profit probably, and there are for sure a lot of times where I lose a lot of money but it's a great feeling when I woke up and seeing my phone that I win that trade not hitting that stop loss, just looking at my account it already has some money.

I wouldn't recommend doing it, since it would just take out the fun on it, for me gambling should be entertainment and betting at the same time, we could probably say that it is fifty, so if you're going to gamble like that it would take out the fun on it, then you're just doing it for profit then which is not a good practice because we should not threat gambling only as a source of income because it is not a guaranteed one.
293  Economy / Gambling discussion / Re: Indirect victims of gambling addiction on: March 08, 2024, 11:35:56 PM
Family, friends, and everyone that is close to you are probably the one that is gonna be the ones the is going to be affected somehow by your gambling addiction, Probably just because they are the ones that are concerned about you because if they are not concerned about you they probably wouldn't be affected at all since they probably doesnt even care at all whatever happened to you. But mostly your family and friends are going to be concerned about what you are doing they already know that gambling addiction is going to have a bad effect on you, especially on your mind and finances. I mean personally if I have a family or friend that I addicted to gambling for sure I would help him, even with some of the advice just to make him realize a few things, it wouldn't probably help that easily but it all needed to start to himself, if he doesnt want to change there was just nothing that we can do about it.

Partners in dependency - Relatives often try to "understand" the addict and help him, by paying off his debts, while accepting his promise to stop gambling, a promise he is unable to keep. More than once, family members come to the aid process, becoming partners so that they become “addicted” to the therapeutic process. But help works in exactly the opposite direction instead of helping the gambler wean off, they perpetuate his condition. These partners, such as parents or spouses, may find themselves in great distress that requires treatment.


There is a limit to which friends and family can help an addict. It’s just like trying to save a drowning man; you’ve got to be careful so as to not get drowned yourself.
Someone that’s not an addict that makes a promise and fails to keep that promise over and over would have a hard time getting people to believe him anymore. Then an addict that makes a promise repeatedly and doesn’t keep it, he’ll never be believed.

Someone with an addiction is going to lose everyone that’s close to him. Everyone has issues of their own and wouldn’t want to get drawn into your bullshit anymore than they have to.

I mean they should want to help his self first, if he doesn't really want to help themselves then there is nothing that we do about it, all of it just needs to start on his self first in order to fix their problem. He really needs to admit it to himself, so that he can undergo to a process in order to fix his addiction etc. It might need the help of a professional when it comes to addiction so that he could undergo to a certain program that is going to cure his addiction.

294  Other / Beginners & Help / Re: Do the needful this period and save yourself stress and heartbreak on: March 07, 2024, 11:43:58 PM
note: just a quick reminder

The bull market is here once more and we can definitely see the effect it has on folks that HODL and others that are weary in a haste to sell off their coins due to FOMO and also others that were doubtful are still going crazy looking for huge funds to invest in Bitcoin for particularly the same reasons.

And this period comes with alot of significance because a whole load of shit normally happen during this period like
  • crazy scam altcoins projects
  • exchanges bringing up stories about being hacked
  • hackers striving to get to as many victims as they can
  • scam traders flaunting their progress to lure novice into trading of their coins

All these and many more happen during this period so it would be nice for every newbie and know what to do to avoid such stories especially for the aspect of saving or keeping your coins on exchanges.

Let's all stay smart out there and avoid getting entangled in any scam event and be always be on guard that these are trial time for those that refuse to learn and heed to advice.

I mean the market price is just really volatile at this time of the market so a single little news could easily affect the market price of Bitcoin at any moment, so there is a lot of manipulation of the market at any moment, bringing up this kind of news right now, especially on a hype market is going to make them some money, if they wanted to buy more Bitcoin they could release hacking news that might scare a lot of traders making them sell of, But it's true that at this moment hackers are getting a lot more aggressive since there are a lot of traders out there that are vulnerable to hacking just because there are kinda new to this trading thing. There are for sure a lot of Cryptocurrency projects that is being developed with and scammers are finding new ways as well how they are going to trick newbies in the space.

As you get more knowledgeable you can easily avoid these kinds of scams and hacks, so what you just need to do is make sure to do a lot of research in order to protect yourself from it. Because hackers cannot hack you if you know something about how they do it you know the right thing to do in order to avoid it. Most likely it is still going to increase because of the hype in the market, there's nothing we can do about that because for sure they are earning a huge amount on hacking people so they are not going to stop unless they are not earning anymore.
295  Bitcoin / Bitcoin Discussion / Re: Profiting from BTC: just luck? on: March 07, 2024, 11:26:40 PM
Well, there is luck involved of course when it comes to cryptocurrency, but it doesn't really mean that all of the Bitcoin depends on luck, just like gambling I mean when it comes to gambling that is probably where luck is a huge part of it, but still it is still wasn't one hundred percent going to be all about luck at all. There are still going to be strategies, pattern, analysis etc. that is going to contribute in order to win on a gambling, on sportsbetting we could say that no one is going to predict who is going to win the match at all, but if you could analyze every player or know whose the stronger one that could easily overpower its opponent you could predict that it is probably going to win, it still wasn't one hundred percent but still going to increase your chances.

It is going to be similar to profiting on Bitcoin, it wasn't all luck, but it is going to involve luck, I mean there are only a few people that are able to invest in Bitcoin when it was just around 100$ something like that, There is luck enough to risk their money on Bitcoin at that they even though they know that there was no guarantee that Bitcoin is going to increase its market price. You could totally do a lot of analysis and research about the market in order to make a prediction since the market is driven by supply and demand, something that could say that movement in the market is going to depend on news, rumors, etc. that is why some people buy rumors are able to make some a profit on it.
296  Economy / Gambling discussion / Re: Has this ever happened to you as a gambler? on: March 07, 2024, 03:41:51 PM
What could cause a gambler to place a bet to the extent that he no longer has money to pay for the games he played?


This story happened in my presence on Friday, when I visited a physical betting shop to book some games after that my battery ran down in the process of trying to place some bets with my smartphone to bet on a game that will kick-start in some minutes. There I was, there was this gentleman who was there before me playing the visual game and to cut the whole story short at the end, the gambler started having issues with the person who placed the games for him, reason being that after playing the visual game the gambler no longer has the money to pay the person, and he optioned to dropping his smartphone until when he brings the money and the money amounts to about $15+ and this lead to the owner of the shop inviting the police to settle the matter.

So the question now is: What could really put a gambler in such a situation, addiction, or greediness?

Probably, frustration right? most of the time when a gambler gets frustrated with a game, that is when he gets hit by his emotion ending up wanting to win more and his greediness is going to hit and put him to make a bet that he cannot really afford, for sure there are some gamblers that know this limitation but I mean if you are frustrated you could easily do anything that is wrong.

There are also some cases where the gambler becomes overconfident, what I mean is that first, he or she doesn't really have money to start betting with, he just started a bet without even having the money to pay, and he or is just overconfident that he is going to win, or probably what they called a sure win, I have a friend who uses this kind of strategy if you can even call it a strategy, he just doesn't have any kind of money but knowing that he is going to win, he bet money on a game even though he don't have money to pay because he know that he is surely going to win that. This means he is going to make money without even having the investment to start with, then that win could easily snowball to a lot more wins, and then after he already has won all of the money of his opponent which is pretty crazy since you could easily get into trouble doing that.
297  Bitcoin / Bitcoin Discussion / Re: Massive withdrawal of Bitcoin on: March 07, 2024, 02:59:58 PM
Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

That was pretty normal for sure since there are traders that are going to take profit in that market price and we can't really blame them because Bitcoin is still a risky market putting your money on it still going to take a huge risk, you cannot withdraw your money that easily if you are waiting for the right market price if the right market price hit it is always recommended to take profit if you can because it wasn't guaranteed that it is going to happen again right now, I mean if you think of it, it already takes years because even right the All time high market price again, if your not going to sell right now it might take years again before you could get another chance to sell at this level of the market price.

The market is still a continuous cycle, the price could skyrocket, then traders that invest early might sell then there will be a pullback, a pullback is going to be an opportunity again for the last traders to reinvest their money, or for new traders to go in on the market, it's just going to be a huge cycle, but there are always going to be an opportunity to invest and make a profit.
298  Bitcoin / Bitcoin Discussion / Re: What is the best way to store your seed phrase? on: March 06, 2024, 04:40:10 PM
Seems a little complicated but for sure both are going to work anyway, but it is just going to be a hassle for sure people especially if you are just a newbie at this kind of thing.

The way I do it is to put it on a flash drive and then put the flash drive somewhere safe like for example a vault of something, then I have another copy of my seed phrase on a notebook which is also hidden somewhere safe to something like a vault as well. I mean not too flashy but I guess it is already secured, as long as you could put it somewhere safe you're still going to be okay, just need to avoid putting it online like clouds or something like that because I dont really believe that those are secured and online are always vulnerable to hacks to there is always the possibility to getting hacks. Unlike if you're going to put it offline, there is no possibility of getting hacks the only thing that you need to worry about is this, but I guess as long as you dont give too much information you're going to be safe, not everyone knows about Cryptocurrency, Bitcoin, etc. so they wouldn't really go to be interested in it unless they know that you are holding some kind of wallet, so just make sure to do not give away too much information.

I plan to have a steel plate copy back in the day I guess I just forgot about it and didn't add it to my plans, would plan to do it as well since its a good thing to have in incase there was fire involved it still not gong to be a problem.

299  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: March 06, 2024, 03:01:42 PM
Ive been hearing about situations where someone buys a coin for a certain rate and not quite long after,  the said coin drops in value, or  someone sells his coin for a certain rate and then it appreciates just after.
What's your take on this? Given the period we're in is it buy time or sell time?

That was a pretty common mistake I guess, of the traders especially newbies or beginner traders end up selling their investments since they just doesnt have enough experience and knowledge on how they are going to manage their investments in cryptocurrency, Like what is happening in the market today, a lot of beginner traders for sure are buying right now which is probably pretty high considering we are already or we already reach the All time high of Bitcoin market price, I mean it wasn't really a good time to buy at a time like this, but still, it wasn't a wrong move I guess, but the thing for newbies is getting there emotions on the trade, when they see their investment depreciate they just can't stand it and always end up selling on a loss in the end. If you are going to think of it even though the market value drops your volume is still going to be the same, so in terms of volume you didn't lose anything like if it is 1 Bitcoin when the market price drops, it is still 1 Bitcoin. So the bottom line is you're not going to lose anything if you're just not going to sell.

So what we needed to do is just to not rush anything, if we just always buy low and sell on high we are always going to end up getting a profit on it, But the main problem is newbies are rushing to make a profit because they just doesnt have the financial foundation yet to sustain investment, they always make it there main source of income, what they need to learn is be patient go long term if you can't sell at a profit today.
300  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: March 06, 2024, 11:02:36 AM
AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

As AI technology continues to progress we have already seen a lot of things that AI can actually do to the point that a lot of people think that it is going to replace a lot of jobs in the future, We just do not know it yet but for sure it has a major effect on major businesses, As an artist I could already see how the AI develop so fast to the point where it can generate photos, video etc. with just that I can see that it can be very helpful on a business, but not totally right now, and also this AI is also developed by developers so it's gonna need a lot of developers for sure.

If you are thinking of AI as a way of tool like something that is going to help you to win on a gambling website I dont really think so right now, I think chatbot probably could provide you some kind of strategy that you could use in gambling but in the end, the winning is still going to depend on your luck, suggest might work or might not, I just dont see developers gonna develop some kind of tool in order to win gambling, but that could easily be the thing if that happened but for sure casinos are going to be aware of that, I mean they are the platform so they could just easily do something about there platform to the point where it is going to be safe on AI. I dont see any thing on AI that is going to be a problem, rather it is gonna be used on the backend as AI continues to progress, we already see a lot of developers getting help from AI on how they are going to develop a secure and great platform.
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