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3321  Economy / Trading Discussion / Re: Binance lots of FUD on: December 14, 2022, 11:16:54 AM
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
The current panic is still going on and I believe in Binance's ability to handle the crisis. But the criticism of centralized exchanges cannot be ignored. But people often only have 7 seconds of memory. When they saw @justinsuntron’s tweets, the market warmed up a little bit, and people’s panic seemed to disappear instantly.

Quote
Well, that's how the market works these days. If there's someone known in the community, they'll start to panic or calm down depending on the response that's been disseminated.
What if there are other popular personalities and added to the FUD, for sure that everyone is nowhere to go but to withdraw as fast as they can because that's what they believe as the sign of Binance's falling.
3322  Local / Altcoins (Pilipinas) / Re: Axie Infinity Philippine Thread on: December 14, 2022, 02:23:56 AM
Sa pagkakaalam ko ang Mavis hub ay gagawing hub ng mga laro.  Hopefully may makapg contribute na game developer at makagawa ng games na napakainteresante and at the same time ay may SLP burn mechanism, meaning walang reward ng SLP pero need ng SLP to strengthen ang character or makaprogress at maging competitor ingame.  Ang reward system nila ay via AXS.  I am thinking kasi kapag may demand sa SLP, with constant burning at minimizing ang reward output, possible na makabawi ang slp sa market kapag naging tuloy tuloy ang sistemang ito.

Of course iyong AXS na reward ay hindi naman makakaapekto sa AXS ecosystem dahil iyong SLP na makuha ay pwede namang ibenta sa market, make an allocation lang naman ng about 75% ng nagamit na SLP  para iburn sa laro then 25% ay pwedeng gamtin ng developer para pang suporta sa market ng AXS.  Mageeven out naman iyan dahil tataas ang value ng SLP unless na ibulsa ng dev iyong  mga natirang SLP.
Masyadong mabagal yung naging movement nila tungkol sa ganyang plan. Kung sakali mang gagawin nila yan na parang almost 50% na ng mga laro nasa Mavis Hub, tingin ko ita-timing ulit nila yan sa bull run. Ganyan na style nila, sobrang baba lahat at alam nila na kahit mag hype sila ngayon, wala silang kalaban laban sa market.
3323  Local / Pilipinas / Re: Ronie Alonte Loisa Andalio nanakawan ng crypto on: December 14, 2022, 12:53:37 AM
Update: 1B coins daw pala at hindi 1 billion pesos.  Tongue
any source? sa article kasi sabi nila more or less P1B worth of cryptocurrency ang "nawala". also I wonder anong crypto kaya ang hawak nila, hindi kasi sinabi sa article or di ko lang nakita.
Sa PH Metaverse page ko lang nabasa.

Update: 1B coins daw pala at hindi 1 billion pesos.  Tongue
At worth 2M daw yung halaga ng investment nila [tig-1 billion coins ([source)]... I haven't done the math pero tulad ng sinabi ni Eternad, sa tingin ko nag invest sila sa mga shitcoins [considering na hindi sila ang kauna-unahang mga celebrity na nagpunta sa ganitong route, hindi ako na-suprise sa outcome]!
Nakakagulat lang kasi nung una masyadong nagtrending ng mahigit isang araw bago nila ma follow yung typo o error sa sinabi nilang 1B na di malinaw kung coins ba o worth ng pesos. Naging bilyonaryo din ako sa paghohold nung mga shitcoins.  Tongue
3324  Economy / Trading Discussion / Re: Binance lots of FUD on: December 13, 2022, 11:59:02 PM
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.

The recent audit on Binance carried out Mazars also added to the loss of confidence by investors. Mazars couldn't vouch for Binance's reserves and the methodology used in carryout the auditing was not revealed. Customers are beginning to loose trust in this exchange company because they feel Binance is covering up or hiding some of its financial standings. Yes the company has declared that it financially is sound and it has proved over the years to be a pathfinder in the cryptocurrency exchange market but that was the same news we heard before the collapse of FTX. For them to build back the trust clients have in them, there financial standings should be open and not shredded in secrecy. Lets hope that Binance would overcome this this big challenge.       
That's an important matter that CZ has brought and having his exchange audited and the auditing firm itself can't vouch for them really sounds awful.
I think that they'll be able to overcome it. As long as you've got billions of assets that you can liquidate at any moment and sell for cash and then use it to clean your reputation, that's possible.
They're a big company and talking about good reputation, that's what CZ wants for his ventures.
3325  Alternate cryptocurrencies / Altcoin Discussion / Re: The reason Dogecoin could fail in the future on: December 13, 2022, 11:30:30 PM
It should have been abandoned long time ago but still hasn't. It's because it's a meme coin that everybody loves and Elon rode with it favorably on him.
But no matter how low it will go and there will be no Elon or any other influential people that encourages people to buy it. There will still the community that it has got years ago before the hype that will still use it.
3326  Bitcoin / Bitcoin Discussion / Re: We No Longer Pay People Directly on: December 13, 2022, 10:58:20 PM
That's right when governments start to implement cashless transactions, it's not solely them that manages the transactions but a company that they've hired and contracted to do the job for them.
That's why the gain goes mostly to that company and it's getting control overall the transactions and money of everyone and they're just like regulated and monitored by the government and its central bank. Through bitcoin, there's no need for any of them, we transact peer to peer and there's no central powers that controls the ins and outs of money.
3327  Economy / Gambling discussion / Re: Cock fight game on: December 13, 2022, 10:33:40 PM
Yeah, they're not allowed to participate and enter the gambling premises. Whether it's cockfighting or any type of gambling activity, it's part of the public official's oath that they shouldn't engage in any type of gambling activity or else, when they're reported, they'll take a sanction.
That's for sure but it can't be stopped if there are police officers that are still gambling no matter what the rules and oath they've taken, if they're a gambler, they'll always be a gambler.
Those kind of rules are incredibly difficult to enforce as it is not as if those which due to their profession cannot gamble will actually tell everyone they are doing it, another example of this are athletes which are not supposed to gamble on matches in which they participate, with some leagues asking to not even make any kind of bet on the league or the sport at all, and yet we get to know many examples of this over the years, and those are only the ones which are caught as most likely there are many athletes which break the rules and we never find out about it.
It's part of their oath and I think that they have to accept it but we're also sure that many of them break that rule and oath that they've promised.
I also a lot of those officials that have been involved in gambling and mainly in cockfighting because it's one of the most popular type of gambling in here.
In some gambling houses, I've seen that there's a poster that they're not allowing anyone that works in the government to enter and to gamble.
3328  Economy / Trading Discussion / Re: Binance lots of FUD on: December 13, 2022, 10:03:50 PM
Binance is centralized and that's why many are starting to panic when there's bad news about them. What if before the bad news Binance starts to halt withdrawals? Well, that's the real thing but so far, this is just to make a FUD and if the thing is real, Binance will handle it for sure.
Everyone is starting to learn their lesson that no exchange is safe whether it's the most popular and populous exchange, they can't avoid any FUD that will be spread against them.
3329  Alternate cryptocurrencies / Altcoin Discussion / Re: What is crypto staking? Is staking worth it? on: December 13, 2022, 09:30:49 PM
I also got some cake and left it there. I can say that it's worth it if you're just doing nothing with your money but believes that someday in the future they'll be big.
The value will drop overtime but if you believe in the coin, there's a possibility that it will pump during or before the actual bull run just like what we've seen. But if it's just for the experience, it's not profitable with less coin to be staked.
It do pertains about risk taking and this should be the main thing on the time you have decided to make out some investment or let your money park on something just to make out those gains

but of course its not really that an assured thing that you would make out money since it would really be depending or basing up on the overall market condition which is unknown.

If you do indeed believe on a project then it would really be your choice whether you would decide to park it there or not.It is really just cant really be
avoided for you not to check every now and then if you do know that you do have something been invested.
Yes, I'm checking it but unlike any other assets that I've got, it's like a very rare moment when I checked it. It's a normal thing to do when you've got some staked coins and you're just too excited to take them and sell them in a decent profit.
But as of the moment, it's not like that because we don't know when the next bull run will start so instead of checking the actual stake I have, I'm checking the price instead.
3330  Alternate cryptocurrencies / Altcoin Discussion / Re: What is crypto staking? Is staking worth it? on: December 13, 2022, 08:51:51 PM
I always had some cake, and staked it for example on pancakeswap, but that doesn't mean it didn't drop as much as others during this bear run, it did, but I still trust it and hold it and hope at it will do great when the bull run comes back in the future.
I also got some cake and left it there. I can say that it's worth it if you're just doing nothing with your money but believes that someday in the future they'll be big.
The value will drop overtime but if you believe in the coin, there's a possibility that it will pump during or before the actual bull run just like what we've seen. But if it's just for the experience, it's not profitable with less coin to be staked.
3331  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: December 13, 2022, 01:20:32 PM
He just gave what the fans want and they were there to watch and to get entertained so Pacman obliged and given that. I've read a quote that he's sure that the money will be delivered and donated to the people of Ukraine.
And then, he's willing to do a charity drive and exhibition match again for his countrymen after making 80+ house that he has donated, he wants to add more on it.

Yeah, obviously he wanted to gave the fans what they wanted in this game and so Pacman just do enough to go look for a knockout but not enough to pull the trigger and let DK Yoo still stand although you can see that he is tired.

This is for charity for Ukraine and his native country. Manny is truly one amazing athlete because he chooses to put his money for a good cause here.
There's the news that I've seen that he wants to fight against Mcgregor and Mayweather and all for charity. I guess we know where this is going and having a show match against DK Yoo was a good start for Manny. I'm guessing that he's starting to like this setup.
Because he's moving freely without any pressure, win or lose, he'll get the money that he'll also allocate to donations and charities while him, having fun with the sport that he's living with.
3332  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: December 13, 2022, 11:52:32 AM
Yeah, he's trying to prolong the match but that's it. Manny will always be Manny Pacquiao and that's what we have to put it kept there.
Exactly, if Pacman would want to end the fight as soon as possible, he could but he didn't as it was just an exhibition match. I mean, come on we did watch a lot of his professional matches and even if he was declared as the loser, people are siding with him and defending that he should be the winner, not only Filipinos but even other nationalities. 
He just gave what the fans want and they were there to watch and to get entertained so Pacman obliged and given that. I've read a quote that he's sure that the money will be delivered and donated to the people of Ukraine.
And then, he's willing to do a charity drive and exhibition match again for his countrymen after making 80+ house that he has donated, he wants to add more on it.
3333  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: US is targeting Binance on: December 13, 2022, 10:41:34 AM
After the FTX clampdown, the US Justice Department is going after Binance. According to Reuters, Binance is being hit hard and is now under investigation due to money laundering allegations. Amidst the news, customers are starting to withdraw their funds.
IMO this is all a plot to drive customers away from Binance and led them to Coinbase...

What do you guys think about this?
If it's the US Justice Department then I think that it's mainly focusing on Binance.US and not the entire Binance's operation that includes all other countries.
Well, it seems that the new trend is about the issues that will be brought to any exchange whether they're top or not and that's the challenge that they have to face. So, while CZ is proactive for the last few issues which are recent more with FTX then here goes an issue for him.
I'll just take time to watch and read more news about it and how he'll answer it.
3334  Local / Pamilihan / Re: Is this true? on: December 13, 2022, 10:00:17 AM
Meron na akong comment sa issue na ito sa kabilang thread at may nabasa akong update and 1B na coins, hindi 1B pesos worth na coins.
Kaya minsan talaga kapag may mga ganitong balita, mas bumebenta kapag hindi nila ini-specific kung ano talaga nangyari. Nabasa ko sa PH Metaverse page na 1B coins daw.
3335  Local / Pilipinas / Re: Ronie Alonte Loisa Andalio nanakawan ng crypto on: December 13, 2022, 09:27:49 AM
1 billion pesos yung total assets daw nila sa crypto, hindi ako naniniwala. Sinomang may ganyan kalaking assets naniniguro yun na safe ang assets nila sa crypto at aalamin nila yung mga ganyang sitwasyon kung pwede ba nila maretrieve. Alam naman natin na kahit manakaw ang phone kung ang wallet na gamit ay puwedeng magprovide ng seed phrase o private key, siguradong mare-retrieve nila yun. Iba naiisip ko sa sitwasyon nila, puwedeng sinabi nila yan tapos idahilan nila sa BIR na nawala assets nila na ganun kalaki para lusot sila kung magkano man ang declared income nila. Yan lang opinyon ko ha.

Update: 1B coins daw pala at hindi 1 billion pesos.  Tongue
3336  Economy / Economics / Re: Share Your Best Money Advice Based on Personal Experience on: December 12, 2022, 11:53:21 PM
After being fooled and loosing so much money- I think one should be selfish
Now show other the money you have and try to avoid people who try to come close to you to get money. Save your money - don't spend on shoes and clothes and unnecessary thing - life is so unpredictable
Don't always say yes to your relatives and even your friends. Even how badly they need money but it all depends to the situation that they're in. I've seen people say that if it's between life and death then they might say yes. But if it's not that crucial at all, they'll still would say no.
That's the firm rule that I've seen for most people if it's about giving a hand to their friends or relatives because it's your money, you've worked hard for it and you just can't let it go when someone asks you too.
3337  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: December 12, 2022, 11:20:09 PM
Yeah, he's trying to prolong the match but that's it. Manny will always be Manny Pacquiao and that's what we have to put it kept there.

He could easily knock out DK Yoo but he chose not to and settle for a decision. Maybe because DK Yoo is so respectful throughout the match that Pacquiao doesn't want to embarass him with a knockout. But for me, the exhibition could have been better if he KO'ed DK Yoo. That will give a good precedence for the next exhibition match and will give a good hype. If Pacquiao wants to have another exhibition match, more will be hyped to watch if a KO happened in this match. But I guess Pacman is too polite to take advantage of that.
There is no doubt that he can knock out DK in an instant. Is he even a boxer, a professional? Well, it's a show match, and Manny just given what the fans like.
And he knows where he is standing and what he's about to give to them and so did he give it. It's a respect to DK that he's prolonged it a bit and then he didn't really pursue the KO at the beginning of the match because we know that Manny can assess it too quickly if he can KO or not his opponent based on the moves and stance.
3338  Economy / Economics / Re: Bitcoin Investors to Get Richer When Fed Pivots, Prints Trillions of Dollars on: December 12, 2022, 10:55:31 PM
I also admire Robert Kiyosaki and there's some point to what he says but, don't also forget that the richest people in the world are all good salesmen.
What they talk about is our weakest points and that makes them good at what they're saying. It is good advice that you may follow but don't depend everything on what he says and the same goes for other financial speakers. They may be experienced and successful but they'll never tell everything that they know.
There's this thing that whoever gets first becomes beneficial to it and he's one of them and so did we.
3339  Economy / Gambling discussion / Re: [BOXING] Manny Pacquiao vs. DK Yoo on: December 12, 2022, 10:28:09 PM
I guess that's also why he was able to knock DK Yoo due to his age he wasn't able to pull most of his punches. I mean, Pacquiao's specialty is his quick and powerful punches. It'll be hard for someone to pull punches if your main moves are based on speed. But still, we can based on his fight against Yoo that he was trying to make the fight much longer, but he probably released some of his power punches which causes his opponent to be KO'd.

Anyways, All is good since it was just an exhibition match and most of the winnings will go directly to charity.
Yeah, he's trying to prolong the match but that's it. Manny will always be Manny Pacquiao and that's what we have to put it kept there.

Manny still has it, he can still compete against regular to elite boxer of his weight category but fighting Crawford or Spence is somehow dangerous which I agree with other members of this forum.  Manny is old enough to retire and I think he already slowed down.  If you notice, he isn't as fast when he fought Thurman.
He would love to do that but I guess we're really seeing the end of an era through him that he's really going into retirement.

Indeed it is a great help for Ukraine that some of the proceeds of the fight goes their way.  Manny has another exhibition fight ahead, I wonder what charity institution they will choose to donate next time.
Is it for February? I've read it somewhere and it's going to be in Dubai, CMIIW.
3340  Alternate cryptocurrencies / Altcoin Discussion / Re: What trends will be in the new bull run? on: December 12, 2022, 09:54:52 PM
I think we're done with the gaming. Also, I think with social tokens, I've seen some attempts of it but it didn't really click at all. Maybe as big as Google and Amazon can do this.
We've seen Facebook try it but they have failed it as they went to focus on Metaverse which is also a failure because the market is no longer in that hype.
I think it's going to be the first choice since there's now the echoing of CBDCs then which might be the start of institutional blockchains and projects that's connected to it.
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