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2901  Bitcoin / Bitcoin Discussion / Re: Do you ever feel tired of waiting? on: October 21, 2023, 07:09:13 AM
Not really, I have other stuff to do so waiting is like a normal thing for me especially in trading and investment scene. I have a kraken wallet with Bitcoin in there and pretty sure I was planning to hold it until few years later and at that point I totally forgot about that account lol.
Until recently I went back to check my savings on Kraken and got greeted by a huge amount of profit because of just that forgotten account.

If I keep waiting and wait until I reach X profit then I would probably be bored and has an urge to withdraw some when the time calls it, but with the trick of just forget about it if you are really into hold term investment while keeping your credentials safe then it's way better for me to do, people would have different opinion regarding this though.
We'll have to keep waiting for as long as the market recovers. The patient ones will always benefits from the market. Those that can not endure the time it will take for Bitcoin price to come back to it previous bull price can continue to sell there holdings and those that have funds to buy will keep accumulating there Bitcoin. We only make good profits from the market when we can wait for the price to recover. We can't be waiting and be complaining at the same time, this can make other people that have no concrete idea about the market to sell there holdings in loses.

If you have an exact amount when you will sell the bitcoin or other cryptocurrencies you hold, I think you will not feel tired of waiting. Especially if you are a long-term holder. All we have to do is wait. Will we get tired? The only enemy of waiting is that you feel impatient.

Then one more thing: if you are determined in what you are doing, that means be prepared for what you can face. We will be really tired in situations that we do not expect. The difficult thing is that if we feel tired, we will give up immediately. It's not good to see when that happens, because who loses then, aren't we?
Its interesting to see how people struggle with patience, especially in a volatile field like bitcoin. Your point that having a clear exit plan and an exact amount in mind can make the waiting game less stressful is right on the mark. But let us look into this more. Not only for the possible profits, but also as a psychological anchor, setting that exact goal is important. When there is even a little doubt, dont anger and tiredness turn against us? People dont want to play when the rules arent clear.

Making up your mind is useless without being ready. People always say to expect the unexpected. But when it comes to coins, strange things happen all the time, right? How many times have we seen people who werent ready have their plans ruined? And being tired isnt just a state of mind or body; it also means losing determination, drive, and desire. Yes, giving up is a choice, but isnt it one that comes with a lot of guilt?
2902  Bitcoin / Bitcoin Discussion / Re: Bitcoin mixing is NOT money laundering, per se on: October 21, 2023, 06:45:46 AM
Seems that in a few days/weeks mixing will be laundering ( and much more ) per se . For all the advertisers here of mixing services this might be a warning . Funding terrorism is now on the table https://www.fincen.gov/news/news-releases/fincen-proposes-new-regulation-enhance-transparency-convertible-virtual-currency  

These scumbag politicians will look for whatever opportunity to restrict an individual's right to self-determination. These regulations will have no effect whatsoever on terrorist groups. It will only harm regular people, especially those from marginalized groups, who seek privacy amidst the mass surveillance we are subjected to from corporations and government agencies.

It's too soon to tell what will happen with all the mixers who advertise on the forum but as US policy creeps closer to full-blown authoritarianism I expect decentralized and non-custodial options will start to become more popular and eventually traditional custodial mixers may become obsolete.
Without a doubt, its scary how lawmakers, who are often motivated by their own personal goals, use any opportunity to limit people's rights. Their grasp on rules, which is said to be meant to go after terrorist groups, is at best funny and at worst very scary. Sadly, you're right; these steps always have an effect on the normal person instead of the people they were meant to help. The people who are really at risk are regular people who want to hide from the ever-watchful eyes of corporations and the government. Not a very good irony, is it?

It looks like the writing is on the wall for mixers in the future. As rules get stricter, it looks like we will have to move toward decentralized and non-custodial choices. In the coming years, traditional cleaning mixers may become almost useless because of changes in politics. People are hoping that decentralized solutions will step up and protect their rights and safety.
2903  Economy / Gambling discussion / Re: Question for those who loose too frequently in gambling on: October 20, 2023, 09:41:32 AM
I believe "hope" is what makes people connected to gambling. For example think about very low chance gambling options. 1 in a million or so. Noone in their right mind would try their chances in such. Even lottery. Its like 1 in 10 million chance. But people keep trying. When I feel very motivated and lucky I gamble and I never regret. It feels like "I will win this time" after every loss if I feel that way. Not all people are close to this feeling. I saw gamblers feeling very tired and lost motivation. But always, only ones with hope may win. Others will not.
The attraction of gambling, particularly when the odds are terrible, is unexplainably connected to the human nature. We should know its pointless based on probability theory and the concrete, logical facts of the chances, but hope defies reason. Similar to how volatile Bitcoin is, the cryptocurrency market attracts an optimistic crowd. Why? It is the allure of the prospective bonanza and the alluring nudge of what might, however unlikely.

Your claim about motivation and the following behavior it generates in gamblers is also accurate. The desire to play is inextricably linked to the fundamental faith in ultimate success. The state of mind of a gambler is crucial. A gambler who loses motivation is already out of the game, whereas one who is motivated by hope, no matter how mistaken, has a strong shot. Isnt it interesting how in this situation hope may act as both the deliverer and the executioner?
2904  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: October 20, 2023, 09:19:45 AM
So far Kylian Mbappe has always been linked with a move to Real Madrid. It's true that Mbappe deserves to be there, but I believe the team that has the potential to win the Champions League title is not only Real Madrid. Kylian Mbappe could move to the Premier League for a team like Liverpool, Manchester City or Arsenal, but La Liga would be better if Mbappe joined Barcelona.
If Mbappe plays in Laliga why does it have to be Barcelona when Madrid is much better than them and has a chance to win the UCL title this season compared to Barcelona, besides if we want to talk about opportunities of course we know that all clubs have a chance to win the UCL this season, but usually the strongest club In the UCL currently, from my perspective, there are only three clubs, Manchester City, Munich and Madrid.

I don't mean to badmouth Barcelona because I think Mbappe won't be a surprise if he plays there, the possibility of playing in Madrid would be very appropriate, especially in Manchester City if he really wants to play at an EPL club compared to other EPL clubs, but we'll return to his decision later where he will play, because PSG is no longer the right club for him to stay and get the UCL title.
Real Madrid, in my opinion, would be a good fit for Mbappe. Its a tempting prospect for any player, especially given their impressive past performance and present form. Although Barcelona is still a legendary team, Mbappe's goals may not be compatible with their recent trend. Despite their absolute dominance in the EPL, Manchester City hasn't demonstrated any real interest. Not to mention that its not only about the money; its also about the championships and the legacy! It is obvious that Mbappe seeks rewards other than money wherever he goes.
2905  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: October 20, 2023, 09:01:42 AM
In the opening match of the week, championship contenders B. dortmund will host werder bremen at home. It will be a match in which Dortmund is a heavy favorite at home and considering that there will be a champions league match during the week, they will definitely want to win this match. It will be a morale booster for the Champions League and a chance to rest for an extra day. If Dortmund win, they will take the lead with more than one game in hand. They will want to close the week comfortably.
If Dortmund undervalues Werder Bremen because they have a Champions League match against Newcastle, I personally believe they may be playing with fire. Even though Newcastle destroyed PSG, Bremen can yet shock the system. What if Dortmund rests some of its star players and things go wrong? Only three days will be given to them to prepare for the Newcastle encounter. I understand that the Champions League is important, but if they defeat Bremen, they have a chance to take the league lead. Is the risk worthwhile? They must consider this carefully
2906  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: October 20, 2023, 08:39:06 AM

Real Madrid is not a small team Arsenal will not be afraid of because, they have heard what Real Madrid is doing in the la Liga league and other tournament which they can still do those things to flog Arsenal with many goals to cause fear to other teams in that group. Real Madrid must break the record  in this game to beat Arsenal to make people believe that things has changed in this season because their management has signed in so much talented players that will make the game favour Real Madrid. If wolves can beat Manchester city in the premier league to surprised people, I believe something like that will surely happen in this game that will make Real Madrid to achieve what they have never achieve before in the champion league.
Real Madrid team is not in a state to flog Arsenal now as you are thinking because they only have vast Champions League experience more than Arsenal because they are the team with highest Champions League trophy in the world and Arsenal did not have even one, but that should not be used to judge Arsenal case now because Arsenal team is more reliable than Real Madrid team that was struggling to win matches in Laliga just because some players were injured.
Even with their injury crisis, I predict Real Madrid will win their group in the current Champions League standings. That says a lot about their tenacity and history in Europe. However, I wouldnt discount Arsenal merely because of Real's success in Europe. According to what I've seen, Arsenal has a talented group, and Arteta is undoubtedly working hard to improve their performance; especially in light of the points they dropped against Lens. Although Real Madrid may have Champions League experience, it is impossible to discount Arsenal's current performance and dependability. It would be exciting to see how they would interact if they faced off.
2907  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: October 20, 2023, 08:06:11 AM
Form yes, I agree because if you look at the past five games and who scored more points, no need to further analyze their forms. But I think this game is more interesting than it looks on paper as it is still a game at home for Chelsea and they were able to develop some self-confidence. If their is goal to show a great fight against a great team and also please everyone else in the Chelsea club, then this is the game they have been waiting for. If Arsenal wins, I don't think it will be a win with a high goal difference unless Chelsea falls apart towards the end of the game trying to come back into it while opening up their defensive line. But I predict a close game and I would say it is a 50:50 game with Arsenal winning vs. Arsenal not winning, meaning that there is a 50% chance Chelsea can win or tie this game in my opinion.

You are right, Chelsea's last 2 wins make a bookie a little confused to determine who is the favorite in this match, moreover the 2 wins were played in an away match this means that Chelsea are on fire and playing at home, on the other hand Arsenal also did not want to lose place in the standings of course they will fight to get points and replace Tottenham. This will be an interesting match and I can't predict who will win but for betting I already have an interesting option like both teams to score Yes, however the two teams will fight each other so that they have the potential to score each other.

I had a look at the odds and it is odds higher than 2 for Arsenal to win the game, which I think is justifiable as this won't be an easy win for them. Considering the odds the bookmakers have decided to not label Chelsea a huge underdog by any means and in my opinion it is the correct decision here. I am really impatiently waiting for this game now.

But the odds for Manchester City are also higher than usual I think because of their most recent losses in the last two games. The bookmakers give a 1.4 for a home win for Manchester City. That is not bad if that bet is included in a parlay bet.
Analytically, these probabilities demonstrate the unpredictable nature of this season. Given Manchester City's position after their loss to Arsenal, trailing the leaders by two points, I'd say the race is intense. City may be battling Brighton for all three points, but recall the previous season. They trailed by five points for an extended period of time. The distinction? Their center. I've observed that Pep is continually adjusting it, which indicates instability. This also affects Arsenal's chances. Arsenal might benefit from these adjustments.
2908  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: October 20, 2023, 07:44:13 AM
Hey guys with the recent play in Spanish la Liga which team right now do you think is going to win the Spanish la Liga. In terms of playing real Madrid and Athletico Madrid has been doing very well this period. And although Barcelona has not been doing too badly I think they don't have a chance currently but they may still pick form before the season runs out.

But right now I would say real Madrid has been the best team and they have the players that would really help them win the league. They also have the Coach to really also do well in the league and also in the UEFA champions league
Until now I failed to decide which team I support in this topic pole about the potential winner of La Liga. It is true that Real Madrid is leading the table but Barcelona didn't lost any game. Atletico Madrid is a good team but they cannot maintain positive results in every game. I think Real Madrid and Barcelona will have to wait until the last games to decide which team is more favourite than the other.
Personally, I am astonished by Real Madrid's dominance without Benzema. But lets be honest: they have not performed well against the top teams, as evidenced by their 3-1 loss to Atletico Madrid. Barcelona has not yet suffered a loss, but consistency will be their litmus test. Intriguingly, Girona's ascent is perplexing. They're second place after nine games? How enduring is that? While I enjoy underdog stories, I have my doubts about Girona's durability. However, this is La Liga; anything is possible
2909  Bitcoin / Bitcoin Discussion / Re: Bitcoin can change lives on: October 20, 2023, 07:25:30 AM
Bitcoin's potential to improve people's lives is limited, as investing in it doesn't guarantee wealth. Wealth is determined by one's mindset, skill development, and responsibility, and can be achieved through passion.
One of the sound mindsets is to engage in investments when the time is right. Not everyone can opt for investing as the most effective path to accumulating wealth, mainly because everyone's financial standing varies. I view BTC as an alternative for those inclined towards high-return speculation. Despite its apparent legitimacy, BTC carries substantial risks for those who cannot endure bearish market conditions.

I perceive BTC more as a secondary choice for generating passive income, given my longer familiarity with Bitcoin. Buying and selling it at price differentials, which can sometimes exceed 10%, may take more than 30 days. Hence, this isn't a quick money-making endeavor, as the returns are entirely dependent on the capital we invest initially.
Your awareness of the BTC market's fragility is great; many ignore it in their pursuit of profits. Speculation is inherently uncertain. Investing, especially in Bitcoin, takes funds, awareness, and a tolerance for risk. High returns have captivated many, but without a method, its no good.

Bitcoin as a secondary source of income makes sense for individuals like you who have been with Bitcoin longer and understand its volatility. A 10% pricing difference can lengthen the waiting period, pitting patience against speedy rewards. However, with the correct perspective, as you seem to have, the potential advantages can often outweigh the risks. How long before the bubble bursts?
2910  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 20, 2023, 07:03:31 AM
When people start up a company, they give it some years before they expect profits. Most times they even re-invest their profits to expand and build their company to the standard they desire and this requires time. Furthermore, when people buy stocks of a company or make investment in businesses, they give it time which run into years before they expect profits.

Unfortunately, when people buy Bitcoin, they expect huge profits within a short period of time. This is the source of panic and fud that is exhibited by many Bitcoin investors.

While educating people about Bitcoin, I think it is wise we tell them Bitcoin need time to yield profit, let us change our approach in sharing Bitcoin knowledge so that people will not come into Bitcoin with the mindset of get-rich-quick.

It is right that it should be explained to the person who will have curiosity that having a profit in Bitcoin in a short period of time can happen if we have extensive knowledge of trading skills here in the Bitcoin space. Because if we have no or zero knowledge of trading skills, it is not possible for newbies to earn Bitcoin in a short period of time.

Most of the time, Bitcoin should be held while studying it for a few years or waiting for a bull run before selling it again. If you don't know anything by now, save Bitcoin first if you believe in it. It's no different from the fiat that we save; the only difference is that with Bitcoin, it's possible that the 100 dollars you save now can happen at least five times in the coming seasons or more.
Really, anyone who gets into Bitcoin thinking they can make money right away needs to be brought back to reality. To be profitable, you need to spend money and truly understand the subtleties of trading as well as how people's actions affect market sentiment. As a result, you're like a fish out of water and can be attacked in any way.

That's exactly what you said: patience and a long-term view are very important. Cryptocurrency, like fiat, is a chance. The unique qualities and growth prospects of this digital asset make it appealing. Keep in mind, though, that its not a raffle ticket; its a financial instrument. reating it any differently is, quite frankly, setting oneself up for disappointment. Belief and caution should always be balanced. Half the fight is knowing this.
2911  Bitcoin / Bitcoin Discussion / Re: To protect consumers, Australia has introduced new regulations for cryptocurrenc on: October 20, 2023, 06:40:52 AM
The good side is that more governments are understanding cryptocurrencies and are focusing on the big platforms instead of trying to ban Bitcoin.
The good side is that users will get better exchanges and there is less possibility of being scammed.
The downside is that you have to provide more data, and this may reduce the privacy of many customers, in addition to accepting Bitcoin may mean imposing taxes on it.

In general, let us read these new regulations and decide whether they are good or bad, but in general, they are good because many people consider Bitcoin an investment.
Well, regulating cryptocurrency exchanges is obviously better than simply banning the existence of crypto and its exchanges. And Australian government has been more open minded about crypto unlike other countries government that refuse to accept bitcoin and just turn it down without trying to understand that some of  their citizens are also in crypto investment. However, the fact that any government would want to centralized everything so that they can take control on everything that exists, then this is just like Australian government is wearing a mask just to look good on their people when all they want is not to legally adopt crypto, but to take control on their people's crypto assets so they can tax it depending on the amount they are hodling. Because in reality, government regulations are not just for the citizens to benefits, but its a vice versa wherein the government also benefits when their citizens are benefiting.
The existence of cryptocurrency cant be ignored. Yes, it is good that the Australian government isnt completely rejecting it like some others. But lets go into more detail. Sometimes there's more to the story than what the government says when they "regulate." Control is a powerful draw. On the surface, it looks like they're on board with crypto, but control and taxes could be the real goal.

But let us look at it from a different angle. The world of crypto is very big and can be dangerous at times. Governments may want a piece of the crypto pie, but these rules could also protect regular investors from the less honest parts of the world. As always, though, the important thing is to know and ask why every choice was made. As you correctly pointed out, its almost never a one-sided deal. No matter if its real or artificial, every coin has two sides.
2912  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife. on: October 20, 2023, 06:19:20 AM
There are always opposites in life.

Someone want to use Bitcoin as gift to wife.
In contrast, someone want to sell wife's jewelry to buy Bitcoin.

Invest in Bitcoin by selling wife's jewelry.

Gifting your wife is from your own side, it's easily to do and don't need permission of your wife but I am against the idea to sell your wife's jewelry to buy Bitcoin like the shared topic.

Hopefully the gifted bitcoin will be hold long time enough to get profit.

I agree; it is definitely a blessing if your wife takes a liking to what you are interested in, like Bitcoin. A bonus is that she is futuristic when it comes to holding the bitcoin, but I suggest it will be great if you will not just hold the bitcoin but instead try doing trades or anything that could grow your bitcoin. With that, you and your partner will be hand in hand, and you will have someone to talk to about this stuff. About the shared topic, I also agree that selling assets like jewellery and such in exchange for bitcoin or any cryptocurrency is not a wise idea. We will never know what the value of bitcoin will be in the next few days. Also, jewellery is a memory that cannot be replaced by money, so better not exchange the jewellery assets for bitcoin; instead, allocate a budget for that if you really want to invest in or hold bitcoin.
Shared interests are crucial in a fast-changing industry like Bitcoin. Having a partner on the same journey produces synergy beyond conversations. This needs further analysis. While having Bitcoin is admirable, its only the beginning. Enormous opportunities await in the crypto economy. Trading is an aggressive but rewarding way to grow Bitcoin.

However, you're right about tangible assets. Trading jewelry for cryptocurrency? The dilemma is tough. These items have emotional value beyond their value. Bitcoin's volatility and unpredictability make this decision riskier. If entering Bitcoin is serious, one should be careful, set a budget, and avoid rushed actions.
2913  Bitcoin / Bitcoin Discussion / Re: Why Governments Ban Cryptocurrency {Bitcoin} on: October 20, 2023, 06:02:37 AM
Government ban cryptocurrency in our country beacose they know what happened in inside our country. The main reason or ban crypto money laundering. I belong from Bangladesh and you all know what is the financial issue of Bangladesh and what happening in this country. If cryptocurrency legal in Bangladesh then the money launderar will use the source for laundering. That's the main reason of ban cryptocurrency ban in our country...


There are many countries in the world where crypto is not legalized at all.  This is a stupid act. Our country is no different.  In our country too ,if caught by the administration regarding illegal crypto transactions, it is charged as a heinous crime like money laundering.  Those who are associated with the crypto market are basically acting like thieves because there is no sympathy for our country's legitimacy.  Because they know that they can be punished if they are caught by the administration.  For this reason, those who know from the family what kind of punishment can be if they are caught from being connected with the crypto market.  Because of this, they get away from work causing many family problems.  But who will convince them that crypto can bring a bright future.  There are many countries in the world that have complete legitimacy on crypto and there are many from those countries who are successfully making a living from crypto.  Our country's crypto legalization is a dream of lakhs of money.
Bangladesh's government's hasty actions in areas they dont understand are painfully obvious. Crypto, which is decentralized, terrifies these authorities because it may escape financial rules. Money laundering worries are real, but why not tighten laws instead of banning it? Through stringent regulations and oversight, several nations regulate cryptocurrency for financial security and prosperity.

Bangladesh is suppressing financial innovation and driving its citizens into perilous seas by banning crypto. With a restriction, people become more clandestine, resulting to the unlawful transactions the government fears. Sinister cycle. Instead of embracing cryptocurrency's potential and educating its citizens, the government is stifling innovation. Unfortunately, fear and ignorance cause family and social divisions and economic disadvantages.
2914  Bitcoin / Bitcoin Discussion / Re: "Lump sum Vs DCA" for Bitcoin Accumulation on: October 20, 2023, 05:40:41 AM
First, I like your in-depth research and DCA vs. Lump-sum strategy comparison. This isnt just an investment strategy; its a reflection of human behavior and risk. You've highlighted the BitcoinBTC market's unpredictability, which shows its nature and our relationship with uncertainty. Do you think its more about us than the market?

Whatever you think of FOMO, its widespread. However, knowledge is the elephant in the room. Knowledge empowers some but causes FOMO for others. Why? Because knowledge reveals what one may be lacking. Understanding cryptocurrencies requires self-awareness as well as market knowledge. Strategy and psychology dance constantly. In this dance, every movement and decision reveals more about the dancer than the dance.
2915  Bitcoin / Bitcoin Discussion / Re: Why Bitcoin is different from other means of investment on: October 20, 2023, 05:23:33 AM
I know several threads have been made in this regards with most of them moribund. I created this post because I feel so bad regarding what happened in my country. As you can see in this post and the video in it, the state government demolished an entire estate with several buildings and properties inside. This is peoples investment that just got destroyed. This was a property approved by previous administration but demolished by new government...another risk many people do not put into consideration in real estate and some other physical investments.  This is a confirmation that Bitcoin is safer and better than many conventional investment portfolios.

Anyone still doubting the freedom, comfort and peace that Bitcoin offers is probably yet to embrace reality.
The level of independence regarding bitcoin ownership is much different compared to other investment sources that have existed. We as sole owners can manage investments independently, even though our country prohibits bitcoin as an investment asset. From the incident that happened to the people living in your country, that their sources of employment have been destroyed for the purpose of transferring functions and in the end the people are the ones who suffer the consequences. The government has an assessment from the other side and even though this can destroy people's sources of income, they never want to care because they think the program they are implementing must be implemented.

Because of this the value of freedom in Bitcoin is much better than other investment sectors that have ever existed because we can control and run it independently without requiring a third party to own the assets we own. This is different from ownership which can be controlled and taken over by the government because we will never win against their power and they have great power when they have planned it must go according to their targets.
Bitcoin's independence is revolutionary, especially compared to traditional investments. Being able to fully own one's assets without government interference or confiscation is a game-changer. Bitcoin's sovereignty becomes stronger in instances like yours, where governments act in self-interest without considering their subjects. This distinctive independence from centralized systems is more than a feature—its hope for folks who've been let down.

Its apparent that unfettered government power can lead to prejudiced judgments that ignore people's needs. This causes true and heartbreaking grief and frustration. However, Bitcoin's decentralization complicates their strategy. Choice that provides citizens real control changes power dynamics. For people seeking financial freedom in oppressive regimes, asset management autonomy is the way forward.
2916  Bitcoin / Bitcoin Discussion / Re: My first Bitcoin on: October 20, 2023, 05:05:52 AM
How about you guys, did you earn your first Bitcoin through services here on this forum? Are you mining or you bought it as well? Which crypto came to you first, is it Bitcoin or Altcoins? What are your Bitcoin source at the moment if you don't mind me asking?
I never experience to own 1 Bitcoin yet. Because even i'm an investor for years already, there are times I had to sell due to specific reason, that's why. Although I have some in my wallet, it's just a fraction of what I accumulate through buying using a portion of my salary from my day job and the earnings through signature campaign.

I became aware of Bitcoin first before knowing the existence of alts. That being said, I started with Bitcoin before trying to invest in alts. Nevertheless, it is profitable to engage ourselves in Bitcoin or crypto in general but much better to have other sources to earn. This way, you don't have to rely solely on your crypto earnings.
Differentiation, diversity, diversity. This is an investment-old principle. I understand, and while you havent held onto a whole Bitcoin, your method is similar to many seasoned investors. Its inevitable that assets must be sold due to life's fluctuations. Crypto-enthusiasts should take note of your experience's lessons. Bitcoin introduced people to crypto, but its just the beginning. Alts have a lot of potential but also hazards and challenges. Depending only on crypto or any single source of income is risky. Your advise to have numerous income streams is crucial for financial stability.
2917  Bitcoin / Bitcoin Discussion / Re: How To Make Bitcoin Profit - Tell To Arab People - It Is Haram on: October 20, 2023, 04:49:01 AM
As we know in Egypt, Islamic advisory body make the decree, that crypto, also Bitcoin is haram ( prohibited by Islamic law).
Not all Muslim clerics (Ustad) say Bitcoin Haram. There are some clerics (Ustad) who say Bitcoin is not haram because the system is similar to another Instrumen like gold, Bitcoin has underlying such as mining, and a more powerful system like fiat where the government can't create Bitcoin like they print fiat. If I can say, Fiat is real Haram, because it doesn't have the underlying. there used to be gold as underlying sometime ago, but now fiat doesn't have underlying anymore.

Bitcoin is a digital system that many of the old school don't understand what it is, so I am not surprised that many arguments say Bitcoin haram because this is a new technology where they must thinking it with carefully, not in a hurry, and equalize with what the system work now.

In fact, bitcoin work the same as the gold system worked in ancient times.
We must remember that not all clerics consider Bitcoin Haram. Some push this narrative without understanding Bitcoin's inner workings. Bitcoin's mining system resembles gold's. Fiat, however, has lost its gold-based core. Ironic, right? Those who support money and deem Bitcoin haram support a system with less value.

Bitcoin's digital nature confuses many, especially traditional investors. The hasty labeling as Haram stems from ignorance and hostility to new technology. They overlook Bitcoin's resemblance to the gold standard. Especially on important issues, critical thinking is needed before judging.
2918  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: October 20, 2023, 04:30:51 AM
I think we all need knowledge till death. Acquiring knowledge is not wrong at all, be it for any job. You continue to acquire knowledge as much as you can and trust that it will come in handy later on. There is no harm in learning exactly what Bitcoin is when you can. But if you want to invest in Bitcoin then you can do it with common knowledge first.Then you will know bitcoin and you can gain knowledge of Bitcoin from your investment. You will never find the right path if you don't make mistakes. So invest small amount first and catch your mistake.
Not just knowledge my guy, you also should be able to acquire wisdom and tact so you know what to take in and what not to take in, knowledge is a hit or miss for everyone although they are all knowledge, that doesn't mean that it's going to help you if you have a knowledge on that. For example, if your work focuses mainly on building stuff, you benefit from acquiring knowledge on engineering, masonry, equipment maintenance or mechanisms of machines but the knowledge of how the earth's crust forms or how continents are made doesn't benefit you, but in a geologist standpoint, they will benefit from that but not on the knowledge about engineering so knowledge combined with wisdom is the best thing.
We can still learn a lot about Bitcoin and don't need to buy it.
Remember in many poor regions, it is still very difficult to buy Bitcoin because due to lack of regulation and less standards like from gold. At all, we should educate us first.
Yes, you are right but experience helps you learn more because without the experience, knowledge will just be entirely theoretical and with no way of feeling and experiencing it for yourself, your knowledge of bitcoin will just be incomplete. Regarding difficulty in finding a way to buy bitcoin, remember that when people are restrained, they will always find a way to get out of that restraint. But if you really don't have the money to buy any bitcoin then that's a different story because it's now all about survival not living.
First off, not everyone can tell relevant from irrelevant information. Its real! An understanding of human nature shows that some people store information without using it. As you noted, knowledge without context is useless. Undiscerning knowledge is like a ship without a compass. While you're right that builders may not gain directly from studying the earth's crust, theres a distinction between superficial and in-depth knowledge. It boils down to knowing your urgent needs. Knowledge and wisdom must be linked. Only then can one efficiently navigate the massive information sea.

Second, you were right about the geologist-engineer distinction. Its about finding the correct knowledge for your needs, not collecting it all. Wisdom is needed to filter and use knowledge at the correct time. This must be understood. Knowledge is powerful, but wisdom? Wisdom is the key to wielding that power appropriately.
2919  Economy / Gambling discussion / Re: Relying on gamble wins is dangerous to mental health on: October 19, 2023, 05:49:56 PM
Indeed, gambling can be an opportunity to earn income, but not everyone will get this opportunity, because what each person experiences is different.
Irrespective of the luck behind every wining on gambling so many persons has greatly achieve a lot of things through gambling, one of the things I understand from gambling is that strategy use in gambling matters a lot because there are people who consistently win on gambling based on the strategy they normally use.

However a strategy is better using a small Odds that has a higher chances of always wining instead of aiming
high, so perhaps there are good opportunity to make money on gambling but many people were not able to utilize it either by greed or the kind of gambling method they normally do.

Right. It's interesting how strategy plays a crucial role and those who were able to manage consistent wins I think are so disciplined and they stick to their plans and strategies. What you said about choosing smaller odds with higher chances of winning also seem like a smart approach because it emphasize the importance of strategy over aiming too high. It's true, many potential opportunities exist in gambling but not everyone capitalizes on them because of greed or misguided methods. But I think theres nothing wrong with betting high. The higher the risks, the higher the chances of winning, right? But only to the extent of the money you can afford to lose.

It's all about finding that balance between risk and reward and those who do often find success. Great really how gambling that often has wrong connotation to normal people is influenced by careful planning. There’s nothing wrong with it as ling as you are responsible.
Strategy, not a catchphrase, is the key to successful gambling. How many underestimate this domain's strategic depth and human behaviour comprehension is astounding. A complex web of decisions and discipline lies beneath the surface, bets, and results. An inexperienced eye sees it as a gamble. For the experienced, its a well-planned move.

Yes, high bets, high payouts. Many are unprepared for the hardships that come with that. High stakes display a player's courage, understanding, and skill, not simply the numbers. A faint line remains, as usual. Ambition against overambition. Safely toeing that line is the key to winning the game and overcoming human tendencies.
2920  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 19, 2023, 05:28:09 PM
Honestly I can't think of it, I think this is the wrong mindset. The fact is that no matter how prepared you are or how well you prepare everything when you want to gamble such as strategy and the amount of budget you will bring, in my opinion it has no full effect and will not even affect at all, how can they believe in something that is only based on luck? I'm also a gambler and I certainly don't believe that you or anyone else can make money in gambling, and that's the fact, everything is not as easy as you think, especially in finding victory. If you continue to try it with the wrong mindset like that then I'm sure it's not victory that you will get but defeat that will continue to dominate, everyone already knows it.

Well I agree with you, the fact is that the real winnings are only for them or the casino itself, no matter how long they will remain for and the winnings given to gamblers may only be a small portion of the profits or income of the casino, but it makes the gamblers become very crazy in gambling. Basically, any self-control or limits they set up are just to minimize losses and obviously have nothing to do with the chances of winning. There is no guarantee at all to win unless you are really lucky.

Actually, this could even be a dangerous mindset when you think about it.

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Honestly I can't think of it, I think this is the wrong mindset

When people really think that it all has to do with preparation and that a lack or deficiency in preparation led to losses, this could become worse and worse over time, making people spend more time on "preparation" when there isn't really anything to prepare for.

I think that people refraining from running the numbers is what the issue of having a wrong idea for success probabilities begins with. They should just use a calculator and see how likely it is to be at a loss if someone gambles for a longer period of time with a lot of sessions. I guess the best gamble one can go for is the weekly lottery with moderate amounts. That way someone can have the dream of winning big without losing control over anything in the short run.

Yes, they will think that lack of preparation and lack of capital budget is one of the reasons they always lose, I don't understand how they can make something that shouldn't be a problem into a problem. Even though it is clear that the main point that is the cause because gambling is entirely luck, not because of mistakes in preparation, it is very silly and of course it will get worse over time. The truth is that no matter what your budget is and even if there is no preparation at all such as for example gambling with the intention of joking to spend the rest of your money that is not used, you can get a win there, honestly I also more often get a win when I come by accident and do not expect to win at all, but I just come to enjoy the spin and well finally I was surprised, how could it be with a very small budget that I could get a jackpot with just a few minutes of playing. This is gambling, it doesn't care about the preparation and the amount of budget but only refers to luck.

Yes that's right, they should start calculating all the winnings and losses they've ever had, instead of continuing to play to win and seem to have forgotten the losses they've experienced, I agree it's better to try playing the lottery instead.
Basically, its a waste of time. Some people think that if they prepare better or put more money into it, luck will favour them. Its like they're trying to figure out a puzzle that they cant solve. People who gamble dont use reasoning; they dance to the random beats of chance. Lucky things do happen sometimes, when you least expect them and with very little work on your part.

Also, yes, definitely keep track of things. People who gamble often have selective memory, which means they remember only the good things about their wins and not the bad things. They are stuck in a circle where they keep chasing an illusion. They might have a better idea of where they stand if they put that much effort into learning how games like the lottery really work.
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