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3101  Economy / Gambling discussion / Re: signs of gambling addiction on: July 14, 2021, 12:58:35 PM
I think that if a person is at least minimally socialized, then he will definitely receive a signal that his gambling addiction is destroying his life. This information can be provided to him by relatives, work colleagues or neighbors. How he will perceive this information is another question, if he ignores it, this means only his conscious choice.
I guess his relatives, work colleagues or neighbors will feel that he slowly becomes an addiction but he might do not think much about that and only accept what they say. If he can introspect about what is happening to himself, that is good for you. Otherwise, he will still play gambling without listening to their relatives. However, some of those people can turn back to the right path and can realize that they have a bad habit that slowly destroys their lives and never come back again to gambling.

Yes, a person's ability to correctly understand the signals from the outside world is very important. If his wife tells him that some habit (not necessarily gambling) begins to negatively affect their family life and the gambler ignores such information, then this is a serious problem. And, by the way, the root cause of these problems is often incomprehensible - gambling or problems in the family that encourage someone from the family to go into some kind of addiction in order to get distracted.

That's the problem of some, because of their ego or pride, even so many people are already telling them about their addiction, they won't accept it, because for them, their bad habit is just normal, nothing to be worry about, but that's not true. Gambling addiction is a real problem, especially if you have your own family already, as a father or a mother, you should both act as a good example to your children, give them everything they need, provide their daily needs, and raise them well, not let them see you getting addicted to Gambling.
3102  Economy / Gambling discussion / Re: Gambling or playing? on: July 14, 2021, 12:00:11 PM
If it has a big risk for the younger generation then the developers should ask for KYC. We aren't sure if underage players would be honest about their age and it might only lead them to gambling addiction which will surely affect their lives negatively if they couldn't handle it well. Developers should consider this possible scenario since most players are underage these days.

Underage players are now getting smarter to access gambling sites that do not allow them to access, but they are very difficult to control.
Unfortunately, gambling sites are now very easy to access by underage players, they simply claim to be over 18 years old. I agree that this
will jeopardize the future of the younger generation, so in the end there must be firmness on gambling sites to enforce KYC. The problem is
that there are some gambling sites that don't care about this problem, they only think about profits with the many players who join.
So the role of the government is needed by making rules, so that gambling sites are required to apply KYC,  this is all to protect the future of
the younger generation.

Well, I agree when you said that kids nowadays are getting smarter, but it's not gambling site fault's if there are kids playing on their site, because in the first place, parents are the one who is responsible on monitoring their child's activities in the internet, besides, even if they do KYC, kids might stole their parent's ID to submit it to be verified, easy as that.

There are options in your internet service provider that bans certain sites that is harmful for your child, that way, you coud monitor everything they do.
3103  Economy / Gambling discussion / Re: Sexy casinos on: July 14, 2021, 11:14:04 AM
What do you think of sexy casinos? Do you think it's a good thing? Have you ever tried any? What is your favorite one?

What do you mean by sexy casino? Is it casino where you can see sexy girls as the dealer of the game or you are trying to say something different? If it is about sexy girls as dealers, I have no ideas whether it is good or not as I'm not interested with such thing in my gambling activity. As you are the first one who asked, why didn't you tell your own opinion first about sexy casino?

I think what OP meant was a casino that has high paid escorts that you could rent when you finished your game in casino or when you got bored in your plays. I never heard such thing before, but there's a possibility that it is existing but it is confidential therefore no news leaked in the market. Usually, casino dealers are sexy and pretty to be appealing to the clients, but they are not for sexy thingy that OP was talking about, if I understand it correctly.
3104  Bitcoin / Bitcoin Discussion / Re: Bitcoin is still the favorite choice on: July 13, 2021, 02:01:12 PM
An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and  tenacity of its vitality also proves its value from the side.
Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry.
The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization.

https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96f


I agree. Bitcoin was able to withstand all the challenges thrown at it over the past years. Despite the rumors, schemes, and scams, painted on its name, bitcoin was able to bounce back from the mud to the sky. It has shown its potential from the very beggining until today. Its popularity isn't just a hype, but a worthy one most especially whenever you buy the dip because you can gain more as time passes by. Bitcoin has been one of the top investments of every social classes may you be rich, average, or poor.

You can never go wrong in bitcoin. Once its value crashes down, it's the best time to buy as much as you can and hodl until the moment you need funds. Although it is known to be volatile (all crypto is), you can still savor the fruit of your patience once its position pumps. No wonder bitcoin is the crowd's favorite. It indeed passed the test of time. Its value's potential to rise is undeniably strong to happen in the future.
3105  Bitcoin / Bitcoin Discussion / Re: Why people are comfortable investing in government controlled investments on: July 13, 2021, 01:08:29 PM
There are several reasons why people still choose to invest on government-controlled investments. Here are the things I have thought of:

1. They are not aware about cryptocurrency and other investment platforms.
2. They are aware about cryptocurrency, but don't have much time to study it or they just don't believe or trust how it works.
3. Government-controlled investments offer greater returns over time compared to what they know of, and they are settled to that amount already.


You see, a lot of people are still aren't aware about cryptocurrency. Some people don't just like to pay attention to it, hence, they are clueless about it. There are also some people that are actually aware about crypto, but it was instilled to them in a bad light. Many rumors and gossips such as schemes and scams made people afraid of risking to it. Hence, the majority just opt to invest on government-controlled investments because from the name itself, "government-controlled", it gives them assurance that their money is in the safe hands. Whatever happens, government will be held liable on their money. Maybe that thought makes them sleep very well at night.

In addition, government-controlled investments offer highee returns compared to other investment vehicles. Here in our country, there is a thing called PAG-IBIG, wherein you can save and invest your money for long-term and it offers high return compared to saving in traditional or digital banks. This kind of investment is enticing for the people, most especially to the non-techy ones because they can have the most out of their money without exerting too much effort at all.
3106  Economy / Economics / Re: Which Asian countries have the greatest influence on bitcoin? on: July 13, 2021, 12:17:12 PM
Based on the news and articles I've read, China is the leading country that has a great influence on Bitcoin. China is known to cater mining sites for bitcoin. According to what I've read, China caters the 75% of bitcoin mining because they offer cheaper electricity cost compared to other mining places. Hence, it is very ideal to set up mining sites because they'll save a lot of money designated for power. This is what makes China have a big impact on the price movement of bitcoin in the market. If ever China decides to do something in favor of bitcoin, price may pump. Otherwise, downfall of its value will happen. Like what happened recently whereas China decided to close some of its mining sites due to minimization of power consumption and resources as well. This resulted to bitcoin's price crashing down. Bitcoin hit its lowest position during that time for the past months.
3107  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: July 13, 2021, 11:38:48 AM
Do what works for you best. There are advantages and disadvantages on both investing and trading. You can do what suits your current situation and of course, your preference. Ask yourself, what do you prefer? Short-term or long-term? You can do both if you like to. Just remember that the two are completely different thing. Study how the two work so you'll not regret a thing later on.

Personally, I prefer investing over trading. I'm in it for long-term after all. Investing works best for me because all I have to do is buy the dip (for those coins that show potential) and hodl until the time I need to withdraw some funds and until I reached my goal. Although, I've tried trading as well. And man, it was a rollercoaster ride. You shouldn't start trading when you aren't equipped with enough knowledge. If you opt to do so, you'll end up losing. Trading requires a lot of skills, strategy, and strong gut-feeling. You must know when to take profit (T/P) and you should put stop loss to avoid losses and liquidation. Trading is time-consuming, but it always pays back your effort as long as you know what you are doing.

3108  Economy / Economics / Re: Can cryptocurrencies replace fiat currencies on: July 13, 2021, 10:55:34 AM
Cryptocurrency is a new trend in the modern financial economy, and it is an Internet-based medium of exchange that can be traded using cryptographic functions.
The decentralization and transparency of cryptocurrency makes it free from government supervision and control, and it is the owner who controls own wealth. The benefits of cryptocurrency make many new users to invest in it, and it has been accepted and recognized by more people. Some countries have banned bitcoin from the beginning to now accept and use it, and some countries use bitcoin as legal tender.
With the passage of time and the increase in value, will cryptocurrency be used in the world instead of fiat currency?

I have read and commented several posts regarding this topic. And for the nth time, I would like to say and stand my ground that cryptocurrency will never and can never replace fiat money. Crypto isn't made to take over physical money. It has a very different nature - decentralized. And with that, the thought of totally replacing fiat is nearly impossible to happen because certainly, the government officials won't allow that to begin with.

Most leaders of the countries all over the globe are even aloof with the idea of accepting cryptocurrency. Hence, the possibility of it replacing physical fiats is extremely low. Although there are open-minded officials that already took the initiative to risk with crypto as an alternative mode of payment, store of value, and as a legal tender, still there are still a lot of officials that are not in favor of crypto and does not recognize crypto in their country.

In addition, cryptocurrency and fiat money has their own uses. They serve their own purpose in a country. A fiat money plays a great role in the economy of a country. Meanwhile, crypto serves as an alternative option for purchasing, saving, investing, trading, buy and sell, etc. It also provides wide opportunities for the people that fiat money alone can't offer. You see, they have their purposes that's why we should not pit them with each other. One way or another, these two have helped and will help the citizens and the country in general.
3109  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: July 12, 2021, 03:44:45 PM
I am asking this because I do have some short of an answer for videogames and for massive multiplayer games and even for social network oriented games. Videogames require a great design, good difficulty grading, an story that engages the user, massive multiplayer and network oriented are a lot about the interactions and how varied and fun these are. However, for casino games, it would seem that these factors are not really the most important ones. You can see games with very basic graphics and design, simple in the options for the player and not that engaging yet they do "hook" people in them.
What do these games have to have for you?

It depends on what the player wants, if he is a gamer he'll definitely go for design and highly graphical interface, if he on for money he will not mind those designs and if there's no graphic interface, all they are looking for is how to make money, and make it a passive source of income, we seldom see a casino with great graphical interface and a way to make money.

This is also true.

As long as people are earning money, graphic design won't matter, no matter how simple it is. However, a gambling site with a package (good UI design and games) is a good deal for a gambler, he's enjoying because of both, but since graphic design is a bit pricey and not that important when you're playing gambling, they usually don't bother on making it as good as video games.

In fact, the theme of every gambling sites are the ones that matter for gamblers, because the more you feel the vibe or the theme, the more you enjoy it and you'll feel not that bad when you lose.
3110  Economy / Gambling discussion / Re: It takes years to build a reputation and seconds to break it on: July 12, 2021, 02:31:18 PM
Scamming is really normal in a big business, at first they will catch you attention and they will really do their best just to trust them and if they already know that there are already a lot of people that is trusting them and they already have the money that was invested for them then that would be the time for them to scam people, do not fall for it always do some research to avoid getting scam.
and they will even spend big amount of money just to get our trust , sometimes they will build the name for long time and then will break it just for short chances.

And also these happens upon desperation , when the gambling site is experiencing lowering income and they starts to feel the pressure of the business? then they will act inappropriately so they will still make money even if they lose their credibility .

I agree to this.

Most likely this will happen when a gambling site doesn't have any license, they could do anything illegal since for sure, the people they have used on their team are not even legit, so they have the guts to runaway whenever they feel to do so, like what you have said, when they are not earning good anymore.

But if a certain gambling site do have a licence and SEC registered, I guess their only option is just to shutdown their business if they are not making any good bankroll.
Cant denied that if your licensed or regulated, the users does have the chance if ever they would turn out to be a scam but since we are on crypto world then that wouldnt really give an assurance.
Come to think that there are even good gambling sites now that doesnt have license so that simply means that being legit doesnt really need nor necessarily to have license but having
one in a business is mostly like had some advantage when it comes to public positive impressions but not all the times though.
Reputation cant be build over night and it does require lots of years for you to build one.


Cryptocurrency gambling world or not, as long as they come clean with complete legal papers to their Government on whichever country they belong, that's enough assurance to give to their players, because obviously if they would run off or decided to scam their players, then they could proceed to legal cases about it like filling a case against them, easy as that, if the people they scammed really wanted to do so.
3111  Economy / Gambling discussion / Re: signs of gambling addiction on: July 12, 2021, 01:27:25 PM
When you are losing money and you get irritated this is a serious sign of gambling addiction, gambling has more losing streak than a winning streak and when you have a losing streak you'll get depressed and will suffer financial difficulty, you will not get depressed if you are making money from gambling, your whole mind is on how to recover all your losses.
I think this is a normal reaction of loser mate , even not addicted will feel this way when they are continuously losing right?

But the way they seek money over and over again to sustain His losing streak ? that is the sign of addiction.

Correct.

But this kind of habit will lead to addiction. When you're irritated or disappointed, you will take your revenge (winning back your money) or you will continue to try and try it again until you get what you wanted, and that's gonna blind you. You will slowly going to be addicted on it without you noticing, because you think you're just playing just like the usual, but the usual thing you do is the sign that you're addicted to it already.

Time after time, the effects on it to you would become worst, that's the only time you'll realize that you dived too deep in gambling.
3112  Economy / Gambling discussion / Re: What does it take for a game to "hook" people on: July 12, 2021, 12:13:11 PM
Hooking up players into your site or make them stay would really be a big challenge as a gambling site owner.Yes, the games offered are typical one but retaining players is something your main or primary concern and this is where design and good user experience in the site would set in and those are one of the common factors that do commonly seen.

A tough one to maintain, right. That's why the competition in the gambling industry is really tough especially for those new sites built. Since there are lots of reputable and big gambling sites now, a new one will need to give its all best to market their site.

Because of that, a good and stunning design and layout are quite necessary to attract new users as they won't stand a chance against popular ones even these sites are built with just a simple layout.

And if we saw a site that is putting so much work into the design, I'm expecting that they will also do the same to their other service.

I agree with this.

A good user interface design is the primary thing to attract players, next would be how fast your gambling site is (I mean it should have laggy features) or else players would be annoyed and leave. Next is your customer support and how "fair" your gambling is, because it is important that you have an active customer support to assist your players whenever they are having problems.

It's also good because at the same time you know what to enhance in your gambling site, to fix bugs, and other common problems in gambling sites.
3113  Economy / Gambling discussion / Re: Gambling or playing? on: July 12, 2021, 11:16:07 AM
It's not an issue I guess if the player is going to be honest about it's age, I mean only players that's age is 18 are the only ones who can access the gambling part of the game, they could ask for KYC verification for that part of the game to make sure that no underage are playing gambling instead of just MMORPG.

Adding gambling on a certain game means that they want to increase their revenue, simple as that, or they don't have the budget for another domain or team creating the gambling games alone.
3114  Economy / Gambling discussion / Re: signs of gambling addiction on: July 10, 2021, 12:08:33 PM
You're addicted to gambling when you always start your day with it, or if you can't call it a day without playing gambling. You're addicted on it when you focus on gambling alone and never do anything, your focus is on it everyday and you spend all of your money on it while ignoring your responsibilities as a person.

Addiction is your habit, it will either do you good or the other way around, it depends on how you manage it and how you do things based on what's happening on you.
3115  Economy / Economics / Re: Becoming wealthy and social responsibility on: July 09, 2021, 02:54:37 PM
We have our various reasons why we are into cryptocurrency. One of the things I think we have as a common ground is that we want to generate additional money for personal purposes and to help as long as we can. Despite our different motivations in life, I'm glad to know that most of us have the same goal which is to help the people in need whether we know them personally or not. One best sample would be here in forum. This forum already helped, still helping, and will help more people in the future. The topics here and the answers by different users around the globe give new perspectives and ideas to be pondered upon. The old members are always willing to help the newbies especially when they ask certain questions related with crypto or anything about investing in general and other topics as well. Additional knowledge is being passed down from one people to another making a nice way of paying forward to the community.

Another example would be projects and fund raising using crypto. Crypto has raised so many donation drives that was able to help many people such as those who have diseases, homeless, and those who are merely trying to survive daily. I've seen several posts here regarding feeding programs wherein the OP used his extra earnings in crypto to make it happen. My heart is just so full remembering these things. Truly, social responsibility isn't just exclusive to the wealthy people. While they have more ability to give, we can still also do our part because after all, we belong to one community - cryptocurrency community thay aims to pull each other up.
3116  Economy / Economics / Re: Why is cryptocurrency bullish in the long-term on: July 09, 2021, 02:02:46 PM
Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?


Cryptocurrency is nice for long-term investment because you can hodl as long as you want and as long as you don't need your funds as fiat money. Your investment has a high chance to gain and earn more as time passes by given that it has a nice potential to uphold its value or even exceed. Many people are risking their chance nowadays in crypto because it has proven that it has a lot of advantages. Although people must know that crypto isn't a get-rich-quick type of platform because most people always assume that it is a shortcut to generate wealth in a snap - it is not. To become successful in crypto, one must invest into himself first. A person must learn to feed himself additional knowledge and skills that could help him strategize and execute when it comes to actual crypto platform.

Data analyzation is a vital skill to be successful in cryptocurrency. You must study the history, price movements in charts, and read more about it to understand it better. Profit will be bigger for those who risk higher. High risks, high rewards. Just learn to minimize your losses by knowing your boundaries in investing.
3117  Economy / Economics / Re: The trend of prices is still upward, any hope for downward? on: July 09, 2021, 01:28:17 PM
COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.

Bitcoin is volatile so expect sudden movement of its price at any time of the day. Although, the price change whether increase or decrease wouldn't be big as much as you want it to be. Its price will just play from additional or less than small value from its original position. I think we're still in bullish market hence, it's not yet the very ideal season to buy additional coins. We must wait for bearish market and really hope for the best. But I suppose, it's still far ahead unless a reason for sudden market disruption will occur such as banning of bitcoin in super nation countries or closure of mining sites that could trigger the value of bitcoin to go up or down.
3118  Bitcoin / Bitcoin Discussion / Re: Why do many people who do not understand Bitcoin slander Bitcoin? on: July 09, 2021, 11:39:11 AM
After the recent bleak market. Many people do not even understand the basic principles of Bitcoin and blockchain knowledge, so they attack Bitcoin. What kind of mental state is this?

IMO, these people's thinking is just too shallow that they can't comprehend the concept of bitcoin presented to them. Bitcoin is known to be decentralized in nature and it is volatile. If they can't grasp the idea presented using videos and articles, then I think it is partly their fault because most sources and information are now available online. There is even a platform like this forum to provide additional knowledge for the newbies and those people who are looking up to something to learn new things about cryptocurrency.

Ignorance is dangerous. We must always feed our thoughts new information of something we want to enter, experience, and be expert on. If we will just rely on gossips and baseless information, then we should not expect great outcome. I just always find it funny that most people who try to damage bitcoin's reputation are usually the ones that aren't knowledgeable and aware about it. I kind of think that these people are just seeking attention and just don't want other people to fluorish as well.
3119  Bitcoin / Bitcoin Discussion / Re: Will people who ban Bitcoin in some countries give up Bitcoin? on: July 09, 2021, 10:56:23 AM
Some countries now ban the use of Bitcoin, or banks restrict cryptocurrency transactions, resulting in an increase in the number of long-term Bitcoin holders.
For example, in China, China prohibits the use of Bitcoin. If I were Chinese, I might be more anxious. Some ways can be found to avoid being caught by the Chinese government. I will consider putting it in a cold wallet. In this case, you can only choose to hold for a long time. After all, there is no exchange to trade,
So will anyone give up Bitcoin?

If this kind of scenario will happen (regulation of bitcoin and banning), I think most users will opt to hold for long-term and really hope for the best that regulation or banning will be just temporary and will soon be lifted. Just like any other banned things  whereas it was later on made legal again after a period of time. Otherwise, I think the users will try to convert the funds they have on their wallet to fiat money for assurance purposes that they will still be able to enjoy the fruit of their labor and patience. After all, there are so many exchangers available to convert crypto coins into actual money. That way, they were still able to utilize their coin's value.

Nonetheless, people will still find ways and opportunity to use crypto if ever worse comes to worst. They can use several methods not to be detected to avoid persecution. Like what they say, modern problems require modern solutions. 
3120  Bitcoin / Bitcoin Discussion / Re: Will El Salvador become the "Home of Bitcoin"? on: July 08, 2021, 03:33:55 PM
El Salvador is now the first country in the world to embrace Bitcoin as legal tender. This is good news for Bitcoin and cryptocurrency in general, because it increases mainstream adoption and demand like skyrocket. China's recent crackdown on Bitcoin, could force miners to move to other countries with a friendly stance towards it. El Salvador could see an increase in miner's interest as China and other restrictive countries lose luster in the world of crypto. Of course, the impact won't be that much because El Salvador is a third-world country. Yet, it's something better than nothing.

What are your thoughts? Do you think El Salvador will become the "Home of Bitcoin"? If not, why? Will other countries adopt Bitcoin as legal tender in the future? Or is it still too early to tell? Why do you think developed countries haven't done such a move yet? Your input will be greatly appreciated. Thanks. Smiley

My honest answer would be no, El Salvador would not be "home of Bitcoin" because El Salvador isn't an influential and powerful country to begin with. Frankly speaking, El Salvador's move to adopt bitcoin as a legal tender made mass adoption quicker. It made a positive impact to the bitcoin community since a lot of countries were slowly following their steps in risking in bitcoin. However, to be acknowledged and entitled as "home of Bitcoin" is just too heavy for their capabilities as a country. Not that I am belittling El Salvador, but we are aware that it is a third-world country - it has lesser to offer compared to the first-world countries that are soaring high. El Salvador made a power move, but it is not enough to be called such heavy title. Maybe we can acknowledge them as the one of the firsts countries who braved cryptocyrrency introduction and adoption in their country.
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