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3121  Economy / Gambling discussion / Re: Does implementing a tax on a gambling platform really help a country? on: June 21, 2021, 06:31:09 PM
I would go so far and say that the tax rate doesn't have a big impact on gambling as long as it is reasonable. Most of the gamblers are in it for the big money, for a chance to win millions. Having to pay 10 or 20% taxes on our winnings won't make a big difference. I wouldn't expect that a lot of people will start gambling overnight just because the tax rate on gambling was lowered to 0%. So the government should just take its share, since they are also providing the infrastructure for the gamblers.
Putting tax in every businesses like in gambling casinos might it be online or not is a sign of being fair in law as it is considered as business. It can be small but it shows fairness for everyone plus the government can act if there are reports when something happens in such casino. Though it may be a small or big amount it will truly can help if the government alloted it well in some projects and not just in corrupt politicians. The problem now is not if the tax help its how the authority will use the tax.
3122  Economy / Trading Discussion / Re: Why risk management is so important for Every Trader. on: June 21, 2021, 06:12:29 PM
Risk management is one thing that actually puts you in profit and then let you be there, profiting. It aids you to ensure that should your analysis go ruge and your in or headed for a lose, you actually know when to get out or hang on in a losing trade. Its a strategy that helps you keep greed away. Not having a risk management plan in place means, your out to let greed set in and greed is one emotion you won't want to play with in trading. Its sets 8n a confusion that can actually finish you off.

In essence, one good way to manage greed is by having a risk assessment or management plan. It keeps you in check and within the safe zone of the charts.
It's not we know the risk, we must know where to applies it. Sometime we tend to follow our instincts to the point we suffer our living. There are many now who wanted to invest since the market is going red. It's good to invest but better set realistic limit and time line since the market is too volatile and its unpredictable nowadays. Trading is like gambling in terms that we must set limits as well try to learn on what strategies works on us best.
3123  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is Binance too big to fail? on: June 21, 2021, 05:51:26 PM
binance has a very good community and development that is why in 4 years it can grow very rapidly and become the largest centralized exchange in the world.
nothing is impossible it's just that there is a small chance that binance will fail.
It's hard to build name or brand as well people to trust your service, the only way for them not to lose all their hard works Is to keep their business going and they will be able to continue winning. The only time Binance will fail if they will not resolve problems right away.
3124  Economy / Economics / Re: George Soros and Bezos have paid almost zero taxes on: June 21, 2021, 05:39:12 PM
Unfortunately, this is so and I do not see anything surprising in this, because it was clear even before the Democrats came to power in the United States. Everything is aimed at making the rich even richer at the expense of the middle class and manipulation in the market. But I don’t think that it will be so in the future, probably in the litter of the future this should radically change. But in the meantime, people will again observe financial injustice.
Since they know how to manipulate their taxes and take advantage of their previledges in business will make them stay away in huge taxes in legal way. But the justice should be fair for everyone. If they can take advantage by having businesses that helps the government we might be able to do oy too in a right time and plans we'll our businesses.
3125  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the market build an immune system against meddling from influencer like Musk on: June 21, 2021, 05:19:42 PM
Yes, because everyone will learn from experience. and because of this the system will form naturally. people will become more mature and start thinking about not paying attention to what influencers are doing. This immune system will be created when the people who have been affected have learned and realize what they did was wrong.
It is like charge to experience to everyone who are now in crypto. Atleast we all learn not to depend our investment inyo anyone but ourselves only. I already learn from ICO before which many projects failed but now that institutions are joining in crypto there be more advertisements that will encourage many to join in crypto but we must not only be depended on hype but also on technical side of the market and learn only to take advantage when there's hype but knew when to stop.
3126  Economy / Trading Discussion / Re: Should I get a loan? on: June 21, 2021, 04:50:32 PM
many example for traders  that use loan money finally cracked and confuse how to pay its loan. they were being stress and even their family leave them due this big mistakes. first thing we need to prepare in market only psychology and emotion , when this factors under attack due price volatility and unfortunately we use loan for trading so everything will destroyed and maybe sell it bottom will done. so many lesson we can took from this market.
I have seen one of these stories, an acquaintance of mine did a loan which he couldn't pay at the right time which ended up costing him more because of interest and ended up with no profit because he won big in trade but all went to paying the loan, so if I were OP, I would think twice getting a loan.

Taking loans to invest or trade is really risky. It is either give you profit or give you headache. Loans are easy to get but hard to repay if you don’t have a specific source of repayment. You don't hold the market so you are also not sure if you will make or lose. All I want to say is avoid loans as you can and just invest the amount that you can afford to lose.
Invest only if we have extra, loans will make us too pressured to trade. The market is in bear but it does not mean it's the right time to buy thru loans. Invest only what is left in US and don't expect that when you loan the market will suddenly going at bull. Do extra job and invest it than risking in loans that may cost too much interest.
3127  Alternate cryptocurrencies / Speculation (Altcoins) / Re: another bullrun before 2021 ends on: June 21, 2021, 04:33:53 PM
Speculating about Bitcoin is harder than ever now. BTC plays out differently as there are institutional users are more now. These investor's change with market sentiments, most of them are not a believer of crypto but here just to make money. We might see an ETH out burst when the update is near.
There are more personalities now that get involved in crypto and now there are plenty of companies into it too. We don't know what their plan but as long as there is still room for adoption especially in the future there's nothing to get worried about,soon the market will recover hopefully before the year ends. So as long as we have extra bucks to invest we should atleast try provided we still have our own money in us incase the p price will not recover yet.
3128  Economy / Gambling discussion / Re: Crypto-Casinos and KYC on: June 21, 2021, 04:14:10 PM
I am totally against going through the KYC procedure in an online casino with a cryptocurrency! 

When I play in a casino, I want to remain anonymous.  When I conduct cryptocurrency transactions, I also want to remain anonymous.  I don't trust the casino staff. 

Most of them are employees.  They can be fired.  They can ruin their relationship with the casino administration.  They can be dishonest people with criminal inclinations. 

As a result, my personal data will end up on the darknet.  This is absolutely unacceptable!
As long as there are casinos who will not require KYC then it's fine. But some government rules where to strict now in crypto operations that some websites like gambling casinos requires it too for their permits operation. As long as the casino have good rating and provide better service there is nothing to worry about. Just keep on having security in your accounts.
3129  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are all the celebrities promoting this new PABLOINU coin? on: June 21, 2021, 03:53:56 PM
Don't expect the OP to answer this question because he himself might also be one of the advertisers of this coin and this might be another way of advertising the coin since the link of the website it included Smiley
Definitely a advertiser too, I only knew the project or website because of this post. It's natural nowadays that there are bloggers or celebrities who promote altcoins or project to have more traffic in their website. All we just need to do is be aware before investing or putting any money in it especially if there are new ones.
3130  Economy / Gambling discussion / Re: Being unpredictable on: June 21, 2021, 03:25:33 PM
Is there a way that you can ensure being difficult to predict at Poker? For example, if you never bluff, people will eventually get to known that and it will reduce your ability to profit from good  cards? Anyone there knows techniques or trick to avoid being easy to read?

Using the bluffing strategy may only work well if some of our opponents are beginners, because the purpose of this strategy is to knock down the opponent's mentality and when their mentality falls they will surrender/close the card. So I suggest not using the bluffing strategy for all opponents because this trick is very easy for opponents to guess because almost all poker players use this trick very often.
Bluffing is only applicable when we play personally face to face but online it will not work that much. Only a few were able to succeed in bluffing in actual so what mores in online. It takes skills to win poker since even our cards were quite good but we didn't do strategize to play it we will not win at all.
3131  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Be Prepared for the big dump. on: June 21, 2021, 02:20:56 PM
the proof until now there has been no big dump that I have seen in the market is indeed a dump but it always recovers within 24 hours, bitcoin still has a price above 30k and it is impossible to dump up to 10k
Even the price will not fall that much we still need to monitor our investment now, I already learned from my 2017 experience wherein I invested in many altcoins but ended at lose since some of them were not available to recover. Make sure to monitor or invest only in top altcoins and bitcoin for safe holding. We never know what the market status still will be.
3132  Economy / Speculation / Re: Is it possible to lose all your money invested Bitcoin in 2021? on: June 21, 2021, 01:28:41 PM
We don't lose unless we sell it. The market will still be able to recover in it's due time. If we sell at these rate then we were probably at lose especially if we bought it during it's high. Those who invest earlier this 2021 probably already earned or at stake of losing if they didn't do stop loss. However we can still wait till the price recover.
3133  Economy / Economics / Re: Is money the root of all evil as the poor to thinks? on: June 20, 2021, 07:49:04 PM
We always have a choice, either you have a money or none at all if you're a bad person you are still a bad person but if you appreciate every little things in your life, work for your own sake and the people around you, then you'll see money on a different way. You have to understand why you are working to earn money, that should be the first thing you remember every time you make money so that you wont waste it. Money is not the root of evil though some are falling on this trap but that is because of being weak emotionally, money is a good friend just know it's real value and it's purpose.
Sometimes contentment and being happy on what we have and how we see things reflects who we are. Its been a old saying but we really need to have money but not to make sin but to live. We can buy what we need as well what we want. If we know how to handle our finances correctly we will be able to create more source of income which everyone need. We must not rely on single income.
3134  Economy / Gambling discussion / Re: Breaking : Donaire Versus Casimero on: June 20, 2021, 04:27:44 PM
Casimero is on a winning streak, I'd definitely go with Casimero as he is the younger fighter. Though I admire both fighters, I believe that the young fighter will win and the recent win of Donaire does not really convince me that he can beat Inoue or Casimero in a fight.
The fact that Donaire were still on match and known already in boxing means he has something to prove,it will definitely be a must watch fight that will determined their capability to match with other players  even  though its surprising that same nationality will be fighting. Whoever wins will deserve the title as they both already make their country proud and hopefully they be able to provide a thrilling and exciting match.
3135  Economy / Gambling discussion / Re: Fully vaccinated individuals now spared of masks in the casinos in Vegas on: June 20, 2021, 03:25:09 PM
I heard that people already vaccinated can have the virus inside their body, but getting infected will reduce than people who are not vaccinated.
We do not want to risk people around us, especially our family, because they are important to us.
I heard from the news that people who already get vaccinated in the USA increase to 40%, and it will reach 70% before July 14th.
That will good for them. At least, with the vaccinated, they can get protection from the virus.
Its not fully guaranteed that they will not be infected by the virus so there still a need for them to take care and do use mask or do some safety measures in avoiding the virus. There are plenty of covid variants and not all vaccine fully address or serve ots purpose in each variants so as much as possible its better and safe to still play online or atleast put mask and use alcohol to avoid the virus.
3136  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be the biggest bubble economy in history? on: June 20, 2021, 01:07:46 PM
Bitcoin is divided into 2 opinions, some say that this is buble , some say that bitcoin is the future, it depends how the person knows bitcoin, because there are people who only theorize there are directly benefited. Those are two opinions that are not wrong but I believe that bitcoin is the future.
As long as we know how to handle the situation there will be no problem at all. It can be a bubble like happening now but it already helped many to earn and gained profit. Who knows in the future the market will be fine again. We just need to wait or find other way to still earn from it.
3137  Economy / Trading Discussion / Re: Who is selling? on: June 14, 2021, 08:49:21 PM
With that reference, always all Alts  are born and with that relation until his death ... as a projects, I think they should appreciate it.

Who is selling? It is the supply and the demand, both are needed is pure economy, it works with any type of asset or thing that has value.

Even the market is at bearish season some point and another there will be traders who will sell, maybe in need of money or still in profit . We don’t know unless they will say their reason. I only sell when I’m in profit or just want to stop some losses. It will all depend on our determination on how long where able to analyze and keep our investment.
3138  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: June 14, 2021, 08:32:31 PM
This is something that many people underestimate, any kind of addiction is not going to be cured in a matter of days, an addiction is a problem that takes months or even years to develop and it is going to take that long to have any chance of being cured as well, and even then this is not something like an infection in which you can be declared cured after the agent creating the infection is eliminated, it is going to be a constant struggle that will last for a lifetime.
It’s like taking things slowly but seriously. When were serious in our goal we need to plan it smoothly, it’s hard to take away something we’d been doing for long same with addiction, it may cause other problem when we push it right away like mental breakdown or stress. As long as we keep ourselves motivated and reminded that we’re on a goal and help of people who matter to us, a small progress in staying away in addiction can be solved.
3139  Alternate cryptocurrencies / Speculation (Altcoins) / Re: At what point do you stop buying the dip? on: June 14, 2021, 08:13:07 PM
There is no specific time when you stop buying the dip it is just luck which matter. With experience you can somewhat predict the dip and it's range. My suggestion is to analyse the data and market trends, and set a potential limit where you want to buy the coins.  You have to have luck on your side.
We just need to believe that were lucky enough that the price we analyzed is already the dip and the market is going uptrend. The market is too volatile  if we don’t trust our chart or analyzation we will not be able to buy at all. It we fear too much that the price will go dipper then buyback or put some stop loss. Trading is about risk at all.
3140  Economy / Speculation / Re: So what's causing the current rise? on: June 14, 2021, 07:53:13 PM
BTC went up %13 in one day, as you guys might know. I know what caused it to decline (our troll friend Elon). What's causing it to rise back up?

I'm sure by now we have heard our dear friend Elon Musk again saying that he will accept bitcoin as payment method if miners are going to switch to clean source of energy. Maybe he will, maybe he will not, but as far as we're concern, we believed that majority of the miners are already using clean source of energy. We have broken $40k now, good to see, important barrier is $42k, if we did broke it now, then we're definitely into another great week. If not, then the price will hover around $36k-$39k again.
Elons tweet been affecting the market for quite long or its just because there are new investors who already thinks the buy at dip and start the market to recover again, it will be hard for many to rely only on tweets there might be more basis whenever theres pump or dump. But we can’t deny the fact that Elons effect before this bearish season is high.
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