Bitcoin Forum
June 17, 2024, 12:49:03 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 ... 265 »
281  Economy / Trading Discussion / Re: How you trade in uncertain times? on: May 21, 2024, 07:04:18 AM
We all know how volatile the market is right now especially since we are still near the all-time high. With sudden price swings and unpredictable trends, traders need to be ready with some strategies.
So, what strategies can you advise especially in protecting our capital, some technical analysis strategies? OR some diversification tactics between stablecoins, bitcoin, or altcoins?

Share some of your experiences or tips on effectively trading in these uncertain times.
It's a nice enquiry, but first know that the traders/investors who are trading long-term do not have to worry much about the uncertainty of the market. All they need to do is to ensure that they know their technical levels to know what the market is doing, and since they are trading long term, it will be difficult for the market to hit the levels that they will consider as a reversal that would warrant them to either close their trade, liquidate it or the trade hit the stop loss by itself. Emphatically, technical analysis is the best type of analysis in the market, this is unless you do not know how to use it well, as it will tell traders everything possible they need to know regarding the market and will also suggest to them what they will have to do in any market situation.

However, in uncertain times, the market can be so unpredictable, so if I am a short-term trader, I will not bother myself to trade at that time, that's just the solution. Otherwise, you will be wasting money over and over again because the market could be confirming the buy signal and sell signal at almost the same time. Nonetheless, if it is an investment, then it is safer, and you can hold your investment because it is not something that will be affected so much in this situation since it is all about long-term analysis and pattern, so it is mostly covered during uncertain times.

I only advise traders to liquidate their position in investment only if the monthly chart turns bearish in a more determined view.
282  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the Dubmest Thing Ever Invented on: May 21, 2024, 06:39:18 AM

You are still moving around the same circle, but on one fault, and that is the fact that you do not accept Bitcoin for what it is, and neither do you agree/believe that there can be a digital asset. This is archaic!

Mind you, an asset is an asset whether you like it or not and in case you do not know, Bitcoin is being used as collateral these days, and maybe it will quench most of the questions you asked thus; "If I were to ask you what asset is held by the BTC unit what would you say? Debt? Equity of a company? A picture like Mona Lisa? A patent, copyright, software license? Wheat, silver, oil?" In as much as an entity can fulfil financial obligations, you do not call it empty anymore. Of course, unless you do not even know what you are talking about.

Fine, Bitcoin was created as an empty unit, which I so much agree with you, but the empty unit was later assigned /units/value, which makes it not empty again (digital or not). That value is the liquidity in Bitcoin which gives it the power to settle debts which you always buttress upon without showing concern that Bitcoin can clear debts as well. Just like a human being, you become dead when your spirit leaves you, but when the spirit enters you again, you are alive and have become a living creature that can function perfectly like any other human being.

All these fiat assets you called out are so (living as in my human example) because of people's relevance and liquidity, once that is withdrawn from them, they become irrelevant (dead as in my human example). The same is applicable to Bitcoin, people's liquidity makes an asset worthy, and the moment people withdraw their money, it becomes worthless. So why do you now want us to segregate Bitcoin even as it has the value of people's money and can fulfil financial obligations like fiat assets?

So basically, your argument is that an empty box that someone sold you for $70K is not actually empty. The trading act magically make a valuable product, an asset to appear in it?
Yes, the moment the box was assigned value and liquidity makes it stopped being empty. When you open it in the blockchain now, you will know what you called empty is no longer empty anymore as block values are constantly being assigned. Bitcoin is a complete system that will do all that fiats can do (if allowed) with no exception. This is possible because it is an asset, a digital one for that matter. But this digital/virtual denotation is where you are missing it, or perhaps you just do not want to accept it.

Whether you like it or not, there are classes of assets, and the digital asset is one of them, which will not do less of any asset if you operate it through the right channel. Bitcoin was empty, it is not empty anymore if that will suit you in the plain term and at this point I urge you not to rely on your understanding of this alone. For it to be digital/virtual doesn't make it less of an asset, it is indeed an asset, not until you see an asset physically before it can be valuable or be used for particular physical projects like what Gold, Diamond, Oil, etc are being used for. Once they can still purchase those physical assets (Gold, Diamond, Oil etc) that you mentioned, they are not less valuable regardless of the form they are.

Quote
Although when you open it you see with your own eyes it is still empty. You know how this is called? Being naive, gullible and delusional.
Nothing is empty in Bitcoin anymore, values and purposes are being signed regularly, you should go and learn how the blockchain works even if we try to neglect the trading aspect that proves it valuable. And this is a reality, my friend, it is never delusional.
Hahaha, this is crazy. So, you order and pay for an iPhone from Amazon, but receive an empty package. When you complain the sender replies that the package is not actually empty. Your payment act "assigned" iPhone to it. They also tell you that you should go and learn how crypto-delivery service works. Hahaha. I think you should seek professional help for mental health.
This is where you are actually getting it wrong and it will continue like this unless you change your overall thinking about Bitcoin. Bitcoin was created as an empty box (if your narration is to be followed) which I never disputed, but it was later filled with value (liquidity), which now makes it an asset. So, in what you cited, the sender never sent an empty box again in case you do not know and as long as it is Bitcoin we are talking about. How can I send Bitcoin to you and you are saying it's empty, how?

Take for instance, a box was created empty (initial stance), and the box was later filled with Apple products (value) and was sent to a receiver. Are you still telling me that the receiver will receive an empty box despite filling it with value which is the Apple products? It is you who will need to accept "digital assets" as it is and stop believing that all assets must have physical things that back them up. The world is revolving, so should we revolve with it as well?

Lastly, today, if I send you 1 BTC, am I not sending you more than $70,000? It is as simple as that. But I found it so troubling that a simple fact like that is difficult for you to understand. Does an empty box or anything that is valueless be able to deliver over $70,000 into your hand upon receiving it? And you still call it empty? C'mon!!!
283  Economy / Speculation / Re: BTC staying above $67,000, will it reach all time high? on: May 20, 2024, 08:31:41 PM
What I see here is that there is a usual pattern that Bitcoin likes to follow and if it could follow it through this time, it might be a serious bullish trend for the coin. However, we should not be so happy yet, not until it actually breaches the ATH at about $73,850 and convincingly holds above it before we can be so convinced and encouraged by the bullishness of the market. Now, the levels I have seen that are so important that are now making me feel that Bitcoin could be heading upward are the 1W chart MagicTrend indicator support level of $56,820 that provided support for the coin during its last bearish correction. Holding above that level means a bullish trend for Bitcoin, especially if the coin also has a positive price action above it just as we are currently seeing on the chart.

This view is coupled with the 1W Fibo level of 23.6% at $59,940, which was the level breached higher after the market rebounded from $56,820 in recent times. Continuous holding above it is another good credence that Bitcoin is on for the bullish path which will be heading for the current ATH about $73,850). Going lower a bid, on the 1D chart, the Fibonacci tool is also pointing to a determined bullish trend as well with the overall price action bullish as I write now. If Bitcoin maintains this view, then it is on for the good on the bullish side, even as the market has convincingly breached upward the 38.2% Fibo level at $60,267 and 23.6% Fibo level at $65,488 which was broken higher last week.

For these, I expect more bullish impacts on Bitcoin this week.
284  Other / Off-topic / Re: How much of my salary should I use to gamble on: May 20, 2024, 02:42:36 PM
Gambling is becoming a popular thing in my locality almost everyone gamble and even colleagues gamble and engage in gambling related discussions at work,  so gambling is legal and very popular so there is no Shame in using part of a salary to gamble with that is why I am asking the question of what the right percentage from my salary that I should use to gamble?

Depends on how much you can afford to lose. i.e. how much financial responsibility you need to take and what your secondary incomes are. If you are earning for yourself and don't have other financial responsibilities like bills and mortgage, a 5-25% of your salary should be the limit. If other people are financially depended on you, you should probably get their consent about how much you should expend on gambling. 25% is the highest an Individual should go. Even if you can afford more, you should also diversify the way you have fun and limit your gambling thrill as it could be addictive.
Nice try! And I must say you have a good justification for what you said though, they are constructive enough but gambling is beyond that and so is the way gamblers should engage it. This is why I say there are no certain/perfect means of knowing the amount you will be committing to gambling from what you earn. Considering all that you wrote, have you also considered the affinity of the person to gambling? If it is less, no matter the calculation you made based on this kind of consideration, it will never work. Such a person who has a little affinity for gambling might earn as much as $5,000 in a month and gamble just $20 of it. This is because his interest is not in gambling, so why commeasure his earnings with gambling? Such kinds of people will gamble when they feel like it, as it is not what will sustain them for a living but just an extra activity that they do if they feel like it, even as other alternative activities are there that will not put their money at risk like gambling.

However, the other set are the ones who have a high affinity for gambling, and even at that, there are different categories of them. There are some that will be neutral with their calculation based on bills to be paid and other considerations as you iterated above to come up with the amount they can afford for gambling. These are still the ones that are sane with it, they are responsible gamblers and know what they are doing. But there are core gamblers who will not even regard anything so seriously. After taking out the money needed for necessities and important bills, be sure that the rest amount is not safe in their hands anymore. But still, I advise anyone no matter their addiction to gambling to be responsible towards it. And no matter how much they love gambling, a clear sense of calculation to know the right amount to gamble from their earning is important.

It doesn't have to be bill payments and others also, there should be extra money for savings and investments (purpose and retirement) and even extra for unforeseen circumstances as well. Lastly, the money for gambling should be taken out of a huge sum and not out of scarce resources. Let us just be wise and think about our future and that of our dependents above anything else.
285  Economy / Gambling discussion / Re: When you are confident with your picks, do you win most of the time? on: May 20, 2024, 08:49:30 AM
I would like to ask everyone here who is into sports betting for some advice. I've come to realize that maybe I should start fading myself. I've noticed that my recent gambling journey hasn't been profitable, so I'm thinking maybe I'm missing something. I tried an experiment by just recording my picks and then betting the opposite of my analysis. Surprisingly, this resulted in profitable betting.

So how about you? Have you ever thought of this idea when your picks aren't hitting? I mean, if we keep following how we think and feel with our picks and it doesn't translate to profit, there's no reason to continue following the same strategy. But are we comfortable with betting against our own picks just for the sake of fading ourselves strategy?
Being confident in your belief doesn't guarantee a win, anything can happen in games and bettings, and that is why we cannot base the success or win of any bettor on expertise alone but on luck as well. And whether the chance is so high or not, you may still lose a match, that is why no one should even think of the perfect selection in gambling that will warrant unnecessary confidence. You can now vary this with your reverse strategy, you will realise that it is still the same thing, do not ever think a certain strategy/pattern will save you completely, it might have just done you good that time, but what about next time? If I may ask you as well, how many times have you tried this reverse strategy and how many months have you tried it at the same time? These are part of what you will need to test to ascertain the credibility of it. And if, at all, it starts earning for you consistently (which I think will not happen), then you should know that your main strategy is not good in the first place, if not, it should still be delivering good winnings to you, and I mean at least 75% winning.

Sports betting is the easiest and safest betting aspect of gambling and if anyone cannot get it right through it, such a person may not be able to get it right with anything gambling ever.  Still, just for a piece of advice, should in case this reverse strategy fails you and your main strategy is not working as well, you may turn to straight winning or losing matches with a reasonable odd attached to it. It is the simplest betting strategy in sports betting, and once you know the information of the teams that would bet, the rest is a natural workover for everyone. However, combining games like many greedy gamblers do is an issue here, and the more you combine games, the less the possibility that you win that ticket.

Good luck and I hope to read about your progress again!
286  Economy / Gambling discussion / Re: Drake curse strikes again, rapper loses on Fury, Usyk bet on: May 20, 2024, 08:15:07 AM
As Usyk knocked down Fury in the ninth round, Drake lost $565000 in the hope to win $1 million.\
Drake's curse is becoming more popular these days, and it is getting to the point that if Drake chooses a team, one should choose the other...lol But this is not particularly true because he has had his fair winnings as well, only that in most crucial matches, his choices are mostly wrong. Perhaps he should employ someone like me in crucial bet selection since my experience is quite the opposite of his, I hardly lose. Cool

Jokes apart, I don't even know how he analyses his games and the people who analyse for him, as the fight between Fury and Usyk was an almost sure one if one would analyse their last 5 matches correctly.

Quote
I think he should go after other sport as he is losing in boxing.
Other sports? He is active in other sports as well, only that he is a popular loser.
287  Economy / Gambling / Re: How to self exclude from anonymous gambling sites on: May 20, 2024, 07:55:15 AM
Sometimes it is not about psychologist that needed but the addicted gambler itself realizing what
he is doing and what could bring them because if that happened then the family itself is morethan
enough to help them leaving addiction but the problem is WILL THEY CAN accept that?
In my country it is difficult enough to find a psychologist, but there is no serious problem with gamblers. May be we have enough other problems, to take care about gamblers, i don`t know. But I saw just two men who had problems with gambling. I know about the first of them - he lost all his money, divorced his wife, but began new life and(as i know) he is far from any type of casino. About the second I can say nothing - I`ve seen him about 6 years last time.
But i`m sure that it is only gamblers problem and he has to change his brains to understand that something is going wrong. Any kind of self exclude can`t help him.
I understand. There are some countries where some lines of work are scarce, but yet, in the most urban part of the country, I am sure that such service could still be easily found, only that the cost might not be comfortable. This is the main reason that the establishments relating to therapy and psychology are not so much booming in developing and third-world countries.

That said, I like to say that you might not be exposed to some facts of gambling issues compared to others, it all depends on the environment you are in and the kind of circle you keep. I am happy that you could still cite two examples, but I am sure that it will be worse elsewhere in the same country if you inquire about this. In as much as gambling is predominant in that country, you will always see the good, bad and ugly gamblers no matter what, and if you are not connected so well to some localities and personalities, you may never know.

Besides, I am still curious about the first example you gave here, are you saying the guy later got healed and stayed away from gambling or what? And could it be because he divorced his wife? I don't really get the gist, bro.
288  Economy / Gambling / Re: BC.Game asking for KYC before letting me Withdraw on: May 19, 2024, 07:48:02 PM

Well, renew your password and proceed the KYC process again since there's no other way.

I also suggested this - Since the amount we're talking about is a bit huge it would not be a waste if he spends like $50 to get his passport renewed and then completes his verification before finally withdrawing his funds.

Or he could keep trying here to see if there are other ways that bcgame support can help him solve his case.
Well, there is nothing that BC.Game support will do in this regard other than the instruction/advice they've given to him because they will have to be thorough in satisfying the regulatory aspect of the KYC to get exonerated on their part. If it were to be another situation, I would have reacted differently and taken the OP more seriously but this is a self-caused issue. You want to withdraw but you do not have all the requirements to withdraw. Since that is the issue and you already know it, why not get it fixed? It is as simple as that instead of crying foul. No one will support you on that. That is why it is even better that you complete the KYC in the beginning to avoid issues like this.

Another thing I do these days is to make sure that I use a non-expiring ID to verify my accounts to avoid future issues. Do you know why? Some companies have now started copying themselves with the habit of disturbing their customers over again to provide another passport, for example, on the expiry date of the former one provided. In this situation, issues like the one here may still arise.
289  Economy / Gambling / Re: What are your expectations for Casino coins in this coming bull run? on: May 19, 2024, 07:26:07 PM
Indeed, these tokens pay dividends if you hold them in casinos and steak them there. But for some reason nobody invests in them in a big way. Apparently, big investors do not trust casinos and do not want to keep their investments there, even if it will bring them income.

Big investors, if they do not trust casinos, are just missing the opportunity to earn good money. I don't think all of them are like that. Of course some people have been investing in gambling platforms because they know it's profitable, but I want to say to those rich people who don't trust casinos: you are right, don't just trust them, do your own research, and you'll be amazed by how much you are missing. If you ask me, whom to trust more just random crypto coins or Casino coins from established casinos, I would favour the latter.
It starts from the inclination of big investors in crypto projects, most of them do not trust it, and the few that trust it will prefer to invest in their Bitcoin or other big crypto projects other than casino tokens. And as an investor myself, I understand their plight, especially if they are such investors with traditional motives, they will never be convinced about such a project unless they just want to take some extra risks out of their principles. Also, there are many traditional alternatives for these people, which means that they are not missing out on anything. Many of them are shareholders, and stock owners and have various properties and other businesses. So if they do not earn through cryptocurrency or casino tokens, they are earning massively elsewhere. This could only mean that their money is not wasting off in the bank, they are effectively utilizing it to make more money, that's why they call them big investors in the first place, they have nothing to lose as it is never a must to invest in crypto projects.
290  Economy / Gambling / Re: Can i bet 5-10k on a single bet anywhere? on: May 19, 2024, 01:08:02 PM
There are people who are so disciplined to the core that they can't waste their penny a single bet or whatsoever that relates with gambling. Naturally everyone gambles according to their risk level so if op wish to gamble with that amount then we can say that is his level of risk and when he lose that money he won't feels so bad or sad for losing that amount. Lets take for an example, you are gambling with $0.50 there isn't a day you would feels so bad for wasting that amount to gamble because you are above that amount and you won't have any feeling attached to it.
Totally agreed ma, before the OP has the boldness to commit such amount he intends in using for his gambling act then I feel maybe the funds isn't all that vital that if he loses it he will have to feel that regretful feeling besides no one ever forces anyone to gamble, you yourself is responsible for the action you are about to take and will bear all the consequences yourself.
That is why its always advisable to gamble with the amount we can afford to lose and not an amount that when we lose it we starts thinking of committing suicide due to what we think could come out of the bet as a results of winning, anyone who is still gambling like this should quickly changes he/r mindset otherwise when gambling with the amount they can't afford to lose and they mistakenly loses the bet their options of could be of doing something silly or unbearable and unimaginable to world.
This has always been the best advice in risky engagements and those who are not regarding it are always the victims of the risky activity. Gambling for example is part of it which is why it is good that we do not engage it with the blindness of the love we have for it, the fun we want to catch or the money we want to make from it, but engage it wisely and rightly. This is the only smart way out here and it starts by first knowing what we want to do in it through various learning and awareness of the benefits and the issues that could arise from it. It is after this we need to move further to knowing the right management, which starts with money and risk management, and for money management, one has to adhere to what you said, the money that means nothing to us is so advisable here because it is affordable as it is popularly termed. Anything outside this is not convenient and most people regret it. Although, some still risk it and get away with it, but I can assure you that most people are regretting bitterly by risking the money they can't afford to lose for gambling.
291  Economy / Gambling / Re: I would like to place a $1,000,000 bet on: May 19, 2024, 11:08:39 AM
From the observation I got on the early comments, seems Sportsbet.io is the casino that can allow you to do that. If stake.com blocked for just some sort of soft reason, you can actually send a message across to any of their representative on the forum. I also know someone working with stake that you can send your concerns to.

I hope you are also aware that wining in gambling is not guarantee, the $1million you want to stake is really huge amount to splash on one single bet. Any ways, best of luck If you are able to stake.

I am looking into using Sportsbet.io. However Stake is no longer an option they have restricted me too heavily. I won too much on Stake and they didn't like that. As for your comment on there being no guarantees with gambling, I agree.

With that being said, the bet I wanted to place already won and it won rather comfortably. I was only able to place $200,000 across multiple bookies so I guess that's better than nothing.
With such huge wagering, I don't think there will be some common casinos that will allow that due to their internal risk management arrangement, they will always restrict you if you are going bigger. Nevertheless, my advice is that you should not push yourself too hard on this so that you will not be a victim of casinos that will not pay your winnings having tricked you, liquidity matters here. You may want to split the money into parts like you did this time and wager it among different casinos, this is even better to safeguard your money in case one or two of them treat you badly.

I do this a lot in my trading as well if I realise that my money is getting bigger. Who knows, the brokers could get greedy someday and deny me of my money due to one false allegation or the other which I am so confident that it can never be true because I play by the rule.

All the same, good luck to you on this and I look forward to a day I will even wager as much as $5,000, talkless of $1,000,000. Kudos!
292  Economy / Gambling discussion / Re: [ POLL ] The Unification Fight: FURY vs USYK 18th MAY 2024 re-scheduled on: May 19, 2024, 10:54:48 AM
Wtf happened in round 9 ? Why on earth that ref jumped between them and stop Usyk from TKOing Fury? I have noticed several time, that ref wanted to jump between them when Usyk was pushing forward and was about to make a series of punches. That ref interfered more than did something useful.

In conclusion - Fury went with one of his best forms, but still lose. I remember they have a rematch, then during it Usyk would TKO Fury for sure. First loss for Fury, knowing his mental problems, it definitely going to leave a mark and be advantage for Usyk in their next fight.

When the referee stopped the fight in the 9th round, I was almost sure that he was stopping the fight, but it turned out to be some kind of crap. It’s good that in the end it didn’t help Fury and in the end there wasn’t any surprise, like a draw, although I wouldn’t be surprised by that. I think no one has any doubt that Usyk won this fight, the advantage was too obvious, I think Fury also agrees with this, but of course he had to say that he thinks that he won. He will want a rematch in any case, this is a lot of money that he cannot refuse.
Stand up for the champion! I knew how this match would end and I am so happy that it did not disappoint me. The two guys tried their best, but still, I realised that Usyk had studied carefully how to beat a giant like Fury coupled with his surviving spirit and strength. If the referee had not cautioned Usyk at some points, he would have collapsed Fury, if not knocked him out. I respect Usyk for his respect for the sport, he never got aggressive or tried to overdo but followed instructions and cautioned himself nicely, which is another herioc part of him. He understood the game and played well by the rules despite having some advantage to do some ugly things.

And yes, Fury has accepted that defeat and even thanked Usyk for a very good match. There could be a rematch though, but the Fury is ranting for now even as he was never coherent in his speech as usual claiming family, self and health. With time, we see how things unfold, but still, I believe he can't do better against Usyk, the guy will beat him again based on what I saw yesterday.
293  Economy / Gambling / Re: What is the Worst online Casino you've played on so far? on: May 19, 2024, 08:49:00 AM
If a gambling casino is not being up to the required standard, gamblers will not find it interesting to use for their preferred gambling platform, we are more centered on seeing that each gambling platform we make use of are having the required service satisfaction on gamblers, gamblers seems to see a casino as being the worst each time they were unable to make withdrawal or perform any task on their site.
I know that we as gamblers must know which casino to deal with because our deposits may not be taken out once we mistakenly deposit in scam casino that will keep hold our funds .
but what this thread asks is about worst casino experience ? though i once experienced delay in withdrawal but its resolved just in a day means this is not about being worst , this means I am not sharing any one as i never experienced even one case of being worst.
If one is not careful about this thread, the person will be making mistakes, which was why in my first post here, I iterated that I never had that context "worse" experience with any casino because I am always careful about my selections. With that, anyone would know that I never wanted to rank my casinos in order not to discredit them for just a little fault like you are trying to guard against here as well. In your case, that casino that delayed your withdrawal is by all facts your worst casino, but still, they may not be that bad, especially if they have a good justification for the delay or it was just a misunderstanding or a technical glitch. It would be so unfair to now label them the worst casinos you've ever used.

I have my few complaints with some casinos too but they are merely issues that were little and were solved amicably which doesn't warrant stating that they are my worst experience if I consider the service I've received from all casinos I've had. All are just good or fairly good, and since no casino has ever denied my withdrawal in particular, I maintain the point that they are still good to me even if some are with some tiny faults
294  Economy / Trading Discussion / Re: Day trading or Long term on: May 19, 2024, 07:29:17 AM
HODLING is less risky.

We have been holding for years and we're a real testament to it and that's why we're still doing it. You trade freely and do everything that you want to do.

But as you trade, don't forget about the importance of having your own holding that you're setting for the long term because it will bag you more profit.
Hodling and trading are two different things that can be done simultaneously by anyone, so people who have long-term plans for these two things must of course be able to throw away their worries while still carrying out these things. Moreover, now there is enough evidence from people who are still doing it as you say, so that people who haven't done it can have the enthusiasm to try it with quite a lot of confidence. Because sometimes being too afraid of the risk of loss will not produce more meaningful profits in anything.
You are right that both can be done simultaneously, so if we have measured our abilities and we consider ourselves able to do both, then we can do it simultaneously. However, if we feel we have to choose one, it is also legal, that is up to us.
Yes, if we are too afraid of risks then we will never make a profit, because every time we want to do something that fear will come to us and it might become an obstacle that in the end we never want to do it. However, we also have to be able to measure risks, what risks we can take and what kinds of risks we should not take. We must be able to adapt to the limits of our abilities, don't let it look like we are forcing ourselves in the end.
There are some risk-averse investors who believe that risk increases the chance of profit. There are also some investors who are risk averse because they may not have enough money. But I would definitely find the risk involved in investing in cryptocurrencies. Because if you take the risk, there will be a chance of profit. In terms of trading, a trader can invest in either short term or long term depending on the investor's perspective. If the investor wants to get money quickly then he must move towards short term investment and if he wants to see his investment as wealth then he must plan for long term investment. But if we are encouraged to invest long term to be relatively risk free then we will definitely get more profit from the investment.
Although I fully understand your gist but some of your words and the narration therein are not without some faults. Take for example what you wrote in your first sentence, it is not right, the risk-averse investors/traders will always be avoiding excessive risk, they are conservative and will try as much as possible to limit their risks and not the other way around. I suppose you meant to write risk appetite, this is what best explains what you narrated there.

That said, many categories of traders exist in the market and I always advise that regardless of what anyone is doing or advising you to do, just have that learning and experience about the market so that you are well-informed and able to know the best style that suits your trading goal in relation to the kind of person you are. You can see that they are two different things (goal/purpose and your person) as the trading goal you have may not be good for the kind of person you are, so you do not have any choice but to adjust to the choice that fits you to avoid later issues. You can imagine the person who can't take huge risks and is even very protective of his money trying to make huge money in the shortest possible time. That person will only lose his money due to emotion and unreasonable risks as a result of fear, which is why we must study ourselves and what we can afford to do in the market without issues instead of believing that we can just fit in well in all trading styles and plans, No.

Also, long-term and short-term strategies can earn for gamblers, except that the long-term traders/investors are more patient and think better than the short-term traders/investors. Not that the short-term traders/investors don't think as well only that they are faster in their reasoning and decision making which often causes some mistakes. Above all, traders should go for the option that is convenient for them as the two are good and also depend on the time the trader has for the trading in addition to the points I've made so far. Those who do not have time should go for the long-term strategies to save more time.
295  Other / Meta / Re: Should mods make a post to justify why they locked a thread? on: May 19, 2024, 07:06:45 AM
I know sometimes mods lock threads at their own discression, especially at boards where they are a local moderator. At least when s thread gets moved there's some forum notice being posted. But for locking a topic there's nothing to signify it was a moderator action.

I just think it would be a nice courtesy if mods would just add a post before locking a topic to justify why they felt it should be locked. It's good to put this info on the record for future reference. And also from what I understand, since the OP can unlock a topic locked by a mod, a post by the staff member that took the action would prevent misunderstandings.
You raised a very good point and I hope I am not yet late for the party. I also read what so many people wrote here which now makes me confused about whether moderators have the right to lock and unlock a thread or not, which is against what I believed initially, and I know that many also believed that moderators have that power as well and not only the admin.

Regardless, just like what PowerGlove pointed out here, any action made by any moderate or any high ranking persons on the forum who can do what other ordinary members can't do should not just be but also the reason for the action.

This is not only to allege/sanction the users but also for such users to know and avoid it next time. Some actions could be confusing at times, so what use is it if the person redo it if he didn't know what was wrong with the initial one?
296  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: May 19, 2024, 06:45:54 AM
Is this true gambling is not place to make money is place to lose it?

Don't you think it depends on how often you win or lose and the strategies you use to play? While gambling is often seen as a way losing money, it can also be a way to make money and have fun. Both aspects go hand in hand, and most people find gambling enjoyable when they win. It's possible that there are more losers than winners, but that could be unfair. It could mean that casinos are cheating or players don't understand the game. What I believe is true is that the system is fair, using good algorithms that determine winners and losers. As long as these algorithms aren't manipulated, the percentages of winners and losers could be equal.
Although their is small truth to that fact but the main context of the issue is that we shouldn't go into with the mentality of making money from it because with that mentality alot of things is going to get spoilt for us so that's Why it's better to have that thought that it's strictly on fun base thought. Gambling can be really fun and at the same time destructive so it's left for you to choose the path to follow
That is a good one, but if you take the statistics of the gamblers who are truly gambling for fun, you will see that the percentage is so small. This invariably means that most gamblers are doing it for the money, so we do not think otherwise if gamblers are losing and complaining so much about it, their psychology towards it is faulty from the beginning. Knowing this psychology about gambling, I've been trying to avoid issues associated with it from the onset and it has been positive to my gambling activities.

Dividing it now into two, the main gist here is that I am gambling for fun and neutral about money-making for the best results. The first is my gambling on casinos, it has always been for the fun, which is why I wager a little amount and whenever I hit a good win, I still maintain my psychological balance and continue wagering for the fun. This is why I hardly withdraw money from my casinos' gambling since I do not take it so seriously due to its nature and risk, and no matter the money I can or lose there, they get to always balance themselves in my portfolio.

But the second part which is sports betting, I know within me that I gamble it for the money because I wager higher therein and my focus is more, but still, my psychology is balanced even as I am neutral about money-making. There is no desperation here at all to warrant me losing hugely or lacking the right management towards my gambling. You can see that it will hardly affect someone like me, which is the path I think others should follow as well.
297  Other / Off-topic / Re: Know when to stop on: May 19, 2024, 06:13:23 AM
Stopping gambling becomes very difficult for addicted people. Gambling tends to lose when we continue to gamble for the sake of winning. It is important to understand the basics of betting when to stop betting. Betting is inherently more complex than simply choosing a team and relying on luck as it involves calculated risk analysis and measured patience. Beginners must fully understand the concept of odds, understand betting lines and fully evaluate the different types of bets. Take your time to approach sports betting responsibly and develop effective strategies educate yourself and prepare for the unexpected.
We just have to know the solid strategy to enable because winning is coming everyday in the system, know when to strive for good points and everything will ends up folding up to be yours in the system especially in this particular season. It's okay to reject and turn down possibilities of bouncing back. This might just be a good chance to try out. Know when to stop gambling, this will be one of the wise decision to follow-up because it's streak undivided winnings coming your pockets.
The stopping of gambling is important but this is still relative and the relative part is what you might have mixed up here. One may stop gambling entirely, stop it for a session or even stop it for some duration of time to take a break for some purposes which includes addiction. You can see that it is three but your remarks make it generalized as one which could be confusing. Well, gamblers should always know why they are gambling, their capacity for gambling, their affinity for gambling, the management used to cater for some excesses, overbearing attitudes and mistakes, and finally, such a gambler must know the limit to his psychology to be cautious. If all these points can be put into consideration, it will be so easy to help any gambler achieve their purpose and still be responsible in it and not waste their resources unnecessarily.

Also, gamblers should have their expertise and style of betting, their budget and management and plans, and how they will get all those coordinated to avoid issues for themselves. This calls for the highlights of the purpose and plans which includes the disciplined to make sure that they do exactly what they want to do. If you are entering a gambling house or opening your gambling platform, you should know the total money to be spent and how it will be spent per betting without ever going against it. So when this has been exhausted, then it is the right time to stop in my opinion. Also, if a gambler is facing a gambling challenge like addiction, it is also the right time to stop, at least to take a break. But if the issue persists so long, well, I will not call that a stop again to make it more emphatic but to quit if possible.
298  Economy / Gambling discussion / Re: Is Casino Community Service Possible? on: May 18, 2024, 02:39:51 PM
I have been wondering if ever any casino have engaged in a community service before or planning to do so. So far, I understand that casinos pay taxes and these tax are used by the government for running the state affairs but I was curious to know if it is possible because I have never seen it or heard about any casino doing such before or if any have started doing it. You can make it known here for us to see.
-snip-
There is this saying that "there is nothing new under the sun," which makes me believe that many casinos would be doing community services or similar things to that. They could be sponsoring some people's educations, have foundations, donate to welfare and many more. The issue is that this is more local than international for everyone to know, and the fact that many are now turning to online casinos that are not operating in their home countries will never let them know what is happening in the local countries of the casinos. Also, some owners of casinos will be philanthropists, and of course, that will always be channelled to something beneficial/productive, and many will even have their own foundations and support groups, political affiliation for donations, and fund support groups for the benefit of the society.

Unfortunately, I will not be able to provide you with any links now, but I said all that because I know of some local casinos in my country doing all that. Will many know about it if they (the casinos and them) are not in the same country? And the fact that some casinos are not even operating globally (have their presence in all countries of the world) will never allow some people who are using their services online to know what they are doing in their closets.
299  Economy / Gambling discussion / Re: Where are you hyper focus, online casinos or physical casinos on: May 18, 2024, 02:00:34 PM
Physical casinos do not have clocks or windows on the gaming floor, and they offer free drinks like wine energy drinks, and food so the gamblers will be hyper focused this is why gamblers spend hours without even knowing they have already spent, while online casinos offer free spins, rakeback, and cashback so you can continue to play to level up to enjoy these perks.

So between the two where are you more hyper-focused and how many hours do you spend on one compared to the other?
First, I do not have a choice but to focus on online gambling but if I have the chance patronise the physical casinos because I am a busy person and the proximity of the standard physical casino to my house is like a journey. So this is always discouraging and since there are standard restaurants and bars around me, there is no urge to go for the standard physical casino because those are the extra I target going there, not the gambling per se.

However, it surprised me with the free food and drink remarks you attributed to physical casinos, personally, I've not witnessed such before. Good, those extras are there but for a certain access fee, so you do not get that without the payment. It could have been another VIP package as well. I'm not saying in particular that this is not true but saying that it is not so in most cases. And the casino must be so big for such to be happening even as the company must have indirectly charged for the food and drinks elsewhere.
300  Economy / Gambling discussion / Re: Which one is fun, watching with bet or without a bet? on: May 18, 2024, 01:22:09 PM

Well, I can say that yesterday was a great day because Madrid won, it was a very good game, and that gives satisfaction, because it was a very difficult game, the penalties came and everything, I have always gone to this team and this is where I always things are emphasized as they are, what you say is very true, first the satisfaction it gives because you beat the favorite team and second that it is more satisfying when you win money with it, in this case both bets were fulfilled, because I also bet on Bayern , so yesterday was something big, when I make sports bets it is always like that, being very sure, I cannot deny that in the Madrid match it was very strong, because they eliminated a team that had probably reached the final, but the defensive play of Ancelotti was superior to Pep.

It really is your lucky day. Congratulations because you have guessed correctly. It feels great when watching sports with a little betting involved. Especially if it is your favorite team and even your favorite team wins and your prediction is right as you experienced. It is one of the best things you can experience.
I have been trying to detach emotion from my gambling for my own good. What is best to do is to zero your mind on the outcome and not let the sentiment of the team betted to win cloud your reaction regardless of whether it is your club/team or not. What matters is coordinated behaviour above all other things else, and if it is an issue, then it is so good for the gambler to avoid such a situation where the bettor will be watching the team betted on regardless of whether it is your team or not.

Reactions happen truly and it could be ugly at times if not better managed. This is the time you will see some people taking the slightest matter too personally in the viewing centre and even at home, and I have seen many like that, which is not worth it. Maturity goes a long way and if you are such that will not be able to comport yourself in some situation, then avoid it, that's my plight here.

As for the guy, I simply do not understand what he meant by "beating favourite team." Could it be that he betted against his own team? If that is the case, then I see him as more heroic and natural to face reality and thereby bet on what his speculation says is right. So beating his team here will mean nothing to him at all.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 ... 265 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!