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3281  Economy / Gambling discussion / Re: [Boxing]: Manny Pacquiao vs Errol Spence Jr - August 21 on: July 30, 2021, 09:52:51 PM
^^ I think it's more on the purse that Manny needed, not the fight itself if he wanted to really run for the highest office in his country. He might get close to 1 billion php in his fight against Spence and we all know that running a public office in the Philippines requires tons of money to get your campaign going.

So regardless if he wins or lose against Spence, he will have that money he needed to pursue his presidential bid. And I don't think he will get more that popular if he wins, because he is already that popular anyway.

But actually, the question is, can he guarantee a win if he increases his popularity?

Honestly, I think the majority of the voters know the name "Manny Pacquiao", but we still see that his rating has dropped, which means a lot, in a negative way.  He will have to beat that trust rating.  -----  Duterte maintains high approval, trust ratings



Not sure if Manny can beat his trust ratings even if he win against Spence here.

He is already on the opposition side, no that is already a big disadvantage for him. The drop was obviously due to his recent corruption allegations on the current administration. And it didn't sit well with Duterte and his followers that why they insinuated a lot in the social media and troll Manny. But step aside politics, if he 'upset' Spence his popularity about the boxing community grow, he is already a legend and this win will cement his position even further, but I'm not sure if the win will change the Filipino's mind on voting him in the election.

I will bet 2 is to 10, he won't. Politics in the Philipines is not anymore about popularity, they had already elected the president that majority wants, and he has a very high trust rating, higher than any president of the Philippines I guess.

Pacquioa just have to focus on this fight, win this fight and he will start thinking wisely about whether he will run for presidency or not.

And the ratings is so high thats why its hard to beat that president even if they throw so many propaganda on him and pacquaio's career in politics is over after this. So he shouls focus on his fight since after this many filipinos will not vote him anymore since he is been exposed that his not good politician and he didn't do good in senate so far.
He had lots of criticisms when he planned out to run for presidency which it is totally out of his genre or skills in specific and i cant really blame out people on having
that kind of mindset or things in mind on where they do ending up on having bad impressions towards him and making out some issues against on the current administration
which did really make the situation even more worst.It would be good for him if he would just stick out on the current place or position that he has and focus on the upcoming
fight and would able to get back on what he had messed out earlier in the minds and impressions of his fellow countrymen.
3282  Economy / Trading Discussion / Re: They say buy the dips...but how do you know the dip has bottomed out? on: July 30, 2021, 08:27:02 PM
Quote
how do you know the dip has bottomed out?
I assume no one really knows this. Because a coin price is unpredictable, we cannot determine whether it is already at the very bottom or not. But we can predict the price is on the bottom or on the top by learning the price chart and the fundamental factors. That's why learning how to analyze the price chart is necessary, especially for a day trader. Also, don't forget to take a look at the current issue related to the coin. If there will be bad news, the price of crypto can be fee fall severely. In this situation, be careful to set a buy order because the price can drop significantly.


Just common sense because no one could really predict the market and theres no way that you can really know on whats the bottom but basing on analysis then we can really
make some guess or speculation with technical tools that we can use which is already provided.Its up to someone if they would really be following it out and taking a risk
on buying when they do get that indication and this is actually a personal preference or risk taking factor on each individual which would really differ into each other.
We can make our own decisions when that particular situation do happen.
3283  Economy / Gambling discussion / Re: Biggest winning so far on: July 29, 2021, 11:44:01 PM
Unfortunately, this year I cannot boast of any big winnings. The only thing that happens to me is the winnings of a few or so $. Worse is that I can say at least a few big loses. I'm not talking about sports betting, but about the casino and slots.
Unless the casino win can be called the fact that I take part in the 1xBit signature campaign, because I have already received several hundred dollars from them  Grin Grin

We've experienced the same thing this year and I realized that crypto gambling isn't all about winning because there are still unlucky days no matter what strategies we may apply. I also have big losses this year than the profit that I gained. However, I'm still grateful that I was able to control myself from releasing too much funds. There will still be lucky days for us in the future.

So far I have not had greater profits, the greatest gain that I have had was in 2018, when in FreeBitco.In I got almost 0.01btc, that has been my greatest gain with an X5 multiplier and where I almost reached the limit to lose everything. This year I have bet on many platforms, I have not had big profits because I usually play and win a little, after I lost 1600tokens Bfg betting on coinflip, my thought and way of playing went from being very risky to have measured. I also learned to have more self-control, and this self-control I took it from the experience with the trading, which now I also conform with few profits, this does this in this way to get gain but in the long term.

Not necessarily to look for bigger hits or wins as long we do able to control our finances on gambling then what surely matter most and this is also my behavior too where i dont spend up that big to win big
even just hunting for big multipliers for small bets isnt something my genre on playing gambling.Im getting bored with that kind of playstyle on where i do hunt for those with thousands of rolls which
it do really remove the essence of enjoying the game. I dont win big and the last thing i had won out is only 0.3 as far as i remember but those are still the days where
bitcoin price isnt really that high.So it isnt really that a significant amount.
3284  Alternate cryptocurrencies / Altcoin Discussion / Re: Don't panic on: July 29, 2021, 10:51:51 PM
You are right. The main thing which is not letting people get profit is panic. New traders take their decisions in a panic that's why they mostly get loss. They buy in FOMO and sell when they see a little dump. If anyone wants to get profit from trading then he/she should take decision in panic and should take entry at right time.
we have several reason why panic could come to us recently especially new investors in crypto market. First point is we didnt research properly to asset that we bought before, we didnt understand the good point from this projects so when see price correction we think its dump and willl dying.  another thing is we didnt use proper money management and put all money only into one portofolio  so risky will getting bigger rather than we split it.  FOMO will not happen if we have good knowledge in trading.
Panic is something that you cant really get rid of it because we are just human beings and its normal to have those kind of reactions because even professionals would have that feeling of fear and panic for sometimes

Although the difference between noobs and experts is that they do able to handle out themselves on specific situations where they do really know on what to do but due to unpredictable characteristic of the
market then it cant really be avoided that our analysis would really be not that effective or the price movement goes to the other side.
3285  Economy / Gambling discussion / Re: The houses always win, are you the house or the gambler? on: July 29, 2021, 09:49:25 PM
The impression of gambling is to give plebs and others which may involve the option of winning through the unguaranteed chance and base on the OP question no gambler will ever be the house except those that invested in the house bankroll but it's not always profitable as people believe it to be because it also involves risk taking.
Indeed as someone who was at the same time a player and an investor in the house, I can confirm this. Here is my full investment history in Yolodice https://bitcointalk.org/index.php?topic=5254959.0
As a player, I won several times but was too greedy to stop few times which cost me a lot. Overall my stats were negative because I don't know when to stop.
As a small investor, well I passed by bad moments where my balance (and the house) was negative due to lucky dudes sucking a lot of coins. Fortunately those guys don't know when to stop also so they helped us to recover. Others kept winning and made other investors and the house bleeding.
It is what it is, we know the house gives itself an edge, and while some think it is unfair it is completely normal, after all if you buy any product you are not going to buy it for the price the product was produced, you are going to buy it for a higher price so it makes sense to pay a little bit more for the privilege of being able to enjoy your favorite gambling games, so the house over the long term will win and if you are an investor in the casino then you will become a winner as well.
I support what you said about not a certain for the price it was bought. In my perspective, I believe the house edge is still fair but the sad part is that 95% of all gamblers believe the house to always win which is never how it works and people like Snipie which have done bankroll investment can prove it not always like that cause the house make lost at some point.
Bankroll inhouse investments arent guaranteed but you can  really make use that it would be still in positive in longer terms and even though it isnt really that giving much big returns or interest or parting
but still a worthy thing to look or included into your passive income but of course risk would be always there when some whales do hit up some nasty wins then that would surely affect your profits
on that particular month but not that really worrying scenario because it would be eventually be recovered as long there would be people whom do keep playing on the site then profits
would really be continuing to pour in.
3286  Economy / Speculation / Re: How low will Bitcoin go? on: July 29, 2021, 07:50:57 PM
This year there is very less chance of price dropping low than $30k. I have a personal opinion about the low bottom price of bitcoin. During the previous bull market the price took a forward move from the $5000 range. Once after reaching ath it dropped low to $5000 range. Same as that now we've seen the price of bitcoin reach $65k from the price around $20k. With this coincidence I believe the price to reach bottom $20k by the falling year.
Not that really mindful about patterns or similar things because every movement would really be totally in random therefore following some patterns is a bit off  and wont really be that reliable.
Increments on that ranges are bit random but we could really have our own personal observations and would really be making out significant step or action basing on what we had noticed
or experienced butt one things for sure that nothing is assured even though we havent seen that bitcoin hadnt able to break that 30k support and instead making out some
recovery or reversal but we dont know if its just a fake one or not.
3287  Economy / Gambling discussion / Re: Ethics of boxing and gambling on: July 28, 2021, 11:49:37 PM
I know many people bet on boxing matches and I recently saw a post on an "slapping tournament". I was thinking that professional boxing is kind of questionable as a sport discipline and even more so as a gambling event. It is known that many boxers sustain long term effects of repeated micro-trauma and even some have been know to die in the ring. For all boxing fans and for others that may have a view on this, how is this being considered a fully legal activity being supported? And how is betting of people hitting each other being considered as legal and ethical in today´s world?

This has been already established entertainment which also been adopted through betting because it's a huge gambling business by bigger promotions. They paid a huge amount of money just to make it legal around the world, money works in order make things put into settlement. When they don't fulfill the requirements for the safety of the boxing match, it won't be possible to launch the game. So every aspects will be followed according to rules and regulations.
Everything is really having that specific set of rules and regulations to be followed because they would really be needing for everything to be organized and would really be far from accidents which might really
result into negative impression in the masses and we know that once a business do really end up on having bad impressions then it is really a bad thing and possibly cant really be continue.
Its true that this is already an established entertainment and same goes in other sports as well.
3288  Bitcoin / Bitcoin Discussion / Re: Will everyone still believe in Elon Musk? on: July 28, 2021, 10:50:27 PM
His rabid fans might still believe in him since he still has the following plus it's not like there's nothing wrong with believing in him, what people need to exercise is how to think for themselves and have some common sense. If you think about it, we might be able to apply Keynesian Beauty Contest with this Elon dilemma, he can create trends meaning that your opinion won't matter if it's overpowered by the public opinion meaning that you can make money if you follow the trend.
Following him doesnt mean that you would really be following or believe on things that he do tweet out but rather they could choose up to be observant and would act accordingly
with their own views and jurisdictions on certain tweet and there are indeed people whom do really have that kind of behavior when it comes to fundamentals because they can
neither detect or not when it comes to those things neither it would be applicable to be put up into their analysis or just simply skip or ignore it.
There's still people who do believe on him but of course it wont be similar in numbers when he was just starting up to engage into this market.
3289  Economy / Gambling discussion / Re: Online gambling becomes popular on: July 28, 2021, 09:52:34 PM

Axie Infinity is something that is completely out of context, and yes... it's possible to earn a lot of money if the person is able to make a good initial investment and has plenty of time left to play.
Whats  the connection of Axie infinity into this topic? This isnt something that could really be considered to be a gambling but rather an investment in form of play to earn.
It shouldnt really be included on the comparison since both are different things and going back into the topic about online gambling becomes popular then its just
normal for the trend to continue because we are already on digital age and accessibility is already in a few clicks by our hands which means it wont really be
that hard to gamble.
3290  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: July 28, 2021, 08:59:24 PM
Newbies are underestimating the trading world making them being over confident that they have already known what they supoosed to know after learning the basics and are putting their money in line having them all out without prior planning on how they will manage on handling their funds properly and as a result instead of gaining profits, what they gain is losses on their trading. Newbies do also lack of patience as well as experience making them having a hard time as well.
Being overconfident is something common for most people who do just starting up into things not only in trading but also in other things as well on where we do really thought that it is just simple and could really make
out money easily but when you are in the actual situation then those expectation and things in mind will surely be broken and that what makes you realize that these things wont really be easy.
Dont be greedy and dont  be that confident because this is something that even old traders or even pros cant able to make a perfect trade.
3291  Economy / Gambling discussion / Re: Should online gambling companies be responsible for harm related activities? on: July 28, 2021, 07:46:18 PM
I don't think they should be responsible because just like with any other addictions you can't put the blame on the source knowing they're not forcing their customers to consume the product. But gambling sites are trying their best to come up with a few solutions as long as their players are willing to admit their addiction. The main issue with online gambling addiction is that most gambling sites only have limited solutions since they can only put restrictions within the site. It could affect the gambler in some way but it all comes down on how he'll react or control his addiction knowing that he can always open another account on a different site.
This is just like a situation on where cigarette complanies should be blamed of for peoples addiction in smoking?

This is just like a situation on where gaming companies should be blamed for people addiction in games neither on computer or other similar things?
Its just nonsense kind of act where they should really be blamed of because this is actually a personal choice and decision and if they do make
themselves get addicted then its their fault.
3292  Economy / Economics / Re: What event could trigger new bull run and ATHs? on: July 27, 2021, 11:59:24 PM
~
I don't understand what drives demand for bitcoin or what starts these crazy bull markets it finds itself in every few years, and I only wish I knew what would start the next one.  I'm not even sure if anyone knows what caused the previous bull runs, because if I recall correctly, there wasn't anything besides the halvings to account for them.  Your guess is as good as mine.

MTE. Just look at my post above! Smiley I was kinda hoping that someone had the answers regarding the previous bull run, tbh, but, apparently, although it was interesting to read some theories here, no exact answers were given.

I always thought that the latest bull run was due to a mixture of these three factors:
reduced supply after halvng,
the emergence of institutional investors,
and a general positive sentiment toward cryptocurrencies.


Its always been like that since those are main factors which we can presume the main reason of such pump or rally which its even with that basic economics class talking about supply and demand. Cool

Also with those unexpected Fuds and Shills which is highly reactive when it comes to those things and this is what makes even more harder to predict on where price could possibly go.

Thing here is that you do know on how to ride and make benefit or profit out of those movements just like as always.
3293  Economy / Gambling discussion / Re: Terms and condition a must read before signing up any online gambling site on: July 27, 2021, 10:49:58 PM
Most operators use the Terms and Conditions as a failsafe mechanism against spammers and bonus abusers. The most common thing that casinos do is to cancel the bonus, and there are  several reasons why they can legally do it. While reading the T&C can be a daunting task, it pays off in the long run, considering that you will most likely want to cash out your winnings at some point.

While it would ideal that people read the terms of services they are being offered many never take the time to do it and in a great deal of the cases this is not going to be such a huge problem, but it can be especially if you earn a huge amount of money in the casino, at that point people will be extremely happy due to their luck but if they inadvertently violated of the rules on those terms of service people are going to be mad that their winnings are voided, but in that case they have no one else to blame but themselves.
Im just a small time gambler and those rules are just  common in most gambling sites.Just mind off about;

-Multi-account
-Restricted countries

These are the common information that you do need to know and the rest isnt really necessary for you to read up.
Even myself wont really be having that time on reading up that very very long text.
3294  Alternate cryptocurrencies / Altcoin Discussion / Re: I guess personal wallets are a thing of the past now. on: July 27, 2021, 09:51:40 PM
Not really a 'thing of the past since there are still many altcoins out there that had their own client wallet. To be honest, back then I used to think any new altcoin without a proper client wallet is trash and shouldn't invest in. Can't blame me since it was the days where many ERC20 tokens with very lazy and low effort dev so we had to have some standard back then.

But things change and so with some already point out in this thread, the inconvenience and risk of many wallets dwarfed by the convenience on one in many ecosystem.
Majority of them are trash yet it becomes dead for a few weeks or months specially to those who had staking feature excluding into those coins which are old and had that liquidity or demand.
Of course, there would be changes as the years passed since technology is progress and new ideas do come out then it would really be just normal to have these kind of improvements
or changes and i do see it is way more much better than with the previous one but i do agree with those nostalgic feeling if ever we do encounter those back again
even though on small chances because most of things had changed up.
3295  Economy / Gambling discussion / Re: Motivated by "breaking the code" on: July 27, 2021, 08:46:51 PM
I personally do not play slots, but do you think that is why people like slot machines? Short of breaking their code?
Not at all, I think most people like slot machines in general because there's so many variants to choose from and a lot of providers release new games every week. There are people that tried to cheat on slots but it's unlikely they could get away with it since casinos really take their time to verify the results whenever there's a big win. I like playing slots as well but i've never thought of hacking a slot game since that's one of the worst ways to win imo.
Any gambling games aside from card or strategic games are already designed for their own edge and this is what we known as house edge since they would really be the winner or making money in the end of the line.
Pursuing on making profits in gambling world is just suicide and instead of enjoying the game then you are really minding on how to beat up the house which is very wrong. Trying to take advantage on something
and also theres no business that would just carelessly on releasing  off games if they do know that there might be some bugs or exploits which would cause for some leaking of profits.
When you do gamble then these kind of mindset should really be set aside.
3296  Bitcoin / Bitcoin Discussion / Re: Cars That Can Be Purchased with Bitcoin on: July 27, 2021, 07:39:22 PM
Majority of the car dealers accepting bitcoin is from USA. Few stores from Japan, London and one from Switzerland is being added on the post. This means the wide usage of bitcoin is felt much on the different states of USA than rest of the world. Similar level of acceptable need to be found on the global scale.

When Lambo ?

In an article read about a person buying Lamborghini with bitcoin. This happened few years back. He bought a property in exchange for bitcoin and due to the bullish trend and it's volatile nature he was to pay less bitcoin in terms of USD compared to the amount for which he had agreed. With the profit out of the volatility he bought a Lamborghini with the bitcoins left.
When it comes to adoption and acceptance on some merchants then it might not be on full scale but we can really make out some comparison in numbers between years or literally on early years
compared to the present which does signifies that we are really heading there but dont expect much that we would really be going in full adoption because some people would still prefer on using
fiat and also we do really think off that bitcoin is much more worth to hold or simply making it as a speculative asset which is good for long term.
3297  Economy / Gambling discussion / Re: Are you a gambler? on: July 26, 2021, 11:47:54 PM
I have try to stop become gambler because is not allow in my religion and I try how to build my money management become better without gambling
Playing gambling is a choice, no one is forced to join gambling. So, if you think it is better for you to not gamble anymore, then go on. We cannot blame you because you are not interested in gambling anymore. However, since gamblers come from various religions and backgrounds, you also must respect them. Regarding your effort to build money in other ways, I hope you can succeed. But remember that even it is not gambling, no guarantee you get a better income if you did it in a haphazard way.


You would able to find it for yourself because when i do first gamble then i do find out myself to be that impulsive and i cant control myself when it comes to finances.
Thats why i do really make out decision on not to touch up gambling anymore because im aware that it would really be giving me out some problems in the future
when it comes to money or budget since im really that emotional not only on gambling but on every simple things in life.
So if you do have this kind of behavior then better to stop on early phase.
3298  Economy / Trading Discussion / Re: Trading is not a Game . on: July 26, 2021, 11:42:25 PM
Money in relation with trading is not really a game for it is very essential to handle your stuffs specially upon dealing into the cryptocurrency market that is highly volatile wherein you do need to take it seriously upon making decisions for the reason that it would greatly affect the state of your funds being inputted in the market you have chosen to do the trade. If you are an in individual that does not take trading seriously, then you might be a type of person who have plenty of money on which you are just wasting your time and money for thinking that trading is just a piece of cake that is just easy to be done.

Not really a game because we are talking money on here and it isnt something that you would just simply play or make it a game when it comes to trading.
You do target out on making profits and thats why you are trading and everyone would really be that serious on doing things and if you do make out trading
without any efforts or analysis then you are simply doing gambling. You do better play gambling literally rather than on playing on your money
into form of investment.
3299  Economy / Gambling discussion / Re: Anything like excess gambling on: July 26, 2021, 10:35:24 PM
Excessive gambling can also be call gambling addiction the two words can be used interchangeably, once you notice you are putting in excess money into gambling and always playing and betting on games then you are already a gambling addict.
^ It is clear that OP had the lack self-control which is the most important in gambling. We should put all limitations on gambling, your time and the money that spend on gambling should control under by you. Because if you don't have this, you gambling activity will the possible outcome is miserable life which is you will probably suffer nin a long period of time. Disciplining ourselves is sometimes worth it and give us a brighter future.
You would really be having a miserable life if you dont know on how to control up yourself not only in gambling but also even into your life decisions which would result into some things that you arent
expecting for it to happen.Excessive engagement or making it as a hobby would really turn out into addiction which would really be giving out that negative result or outcome in long term basis.
Everything should be in control if you dont like on ending up with those hard situations.No one doesnt wish to have miserable life but if you arent aware or minding about on your current
actions then you would really be having that kind of finish line.
3300  Economy / Speculation / Re: Is there a pattern when there is a dump like this? on: July 26, 2021, 09:06:08 PM
There is always a pattern but it is hard to predict on which pattern will going to launch is it the dump or the pump Sometimes we depend on our luck on choosing the coin to invest because crypto coin price is always unstable. And we don't know what will happen after we buy during dip we don't know if it will rise or continue to drop down. So for me it is more wise if we don't depend on the pattern news and updates or development of the coin that we are holding is more important than pattern.
I will disagree with you here, the whales make everything they can to cover their tracks, after all if there was some kind of discernible pattern to what they are doing then people will be able to anticipate their movements and they will be the ones that lose money instead.

So since those movements cannot be anticipated then it is important that people always trade with a stop loss because if you do not then you can be punished by the market, take a look at the pump that is happening right now, if a person was shorting the market with leverage and with no stop loss it is very likely that they have suffered a margin call or at least they are close to getting one.
Whales arent dumb and for sure they would really be doing themselves on not to be that obvious when it comes into their movements and i do agree on what you have said here.
Patterns are just normal to be formed but the question is that are they really that accurate on following it or for you to rely on.? ITs up for you to discover on but the answer
into this question is that there's no such thing do exist.We might able to form something but it wont really be that be giving out that 100% effectiveness.
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