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3401  Bitcoin / Bitcoin Discussion / Re: Many great things are banned, censored or restricted in China. If China wants to on: August 23, 2021, 08:22:24 PM
Just to name a few:

Winnie the Pooh

Alice in Wonderland

Even though these things are banned in China, they are thriving in the rest of the world.

If China wants to crackdown Bitcoin mining activities, miners will go elsewhere. This is actually a good thing for cryptocurrencies, as it shouldn’t be under a decentralised, power-obsessed regime. China can play with its digital yuan.

The elites of the CCP in China are afraid of their own people, that they might rise up and overthrow them. The best way to prevent that from happening (in their minds at least) is to control the flow of information. However history has shown that people do not like being dominated. The CCP used the abundant cheap labor of their people to become the worlds factory, which is more a credit to the population than the leadership. It has actually had massive growth over a few decades but the CCP consider the natural economic cycle of boom and bust to be unacceptable - however it is an inevitable reality that bust will come eventually and that is what the politicians there fear the most. Good leaders should not fear a few years of economic pain because it is a natural correction needed to treat excess.
3402  Economy / Economics / Re: Do you think financial stability is mandatory to be a gainer in Bitcoin invest? on: August 23, 2021, 08:11:08 PM
We often notice rich people become rich day by day. It's no different for Bitcoin as well. Because we can see the most benefited person from Bitcoin is big investors, mean definitely they are rich. If you agree with me then why do you think most big investors are gainers and why most small investors can't gain.

For me, I think financial stability works behind our success in life. So same goes for Bitcoin investors as well. The rich person could invest for a long time. He doesn't have problems even he doesn't sell his holding even during very bear markets. A financially stable person even could hold 10 years. But like us who are small investors, we aren't stabled financially. As a result, we don't when we have to sell our holding for need. That's how we become losers even we intend to hold for a long time. I am a real example of that recently.

Do you think financial stability is mandatory to be a gainer in Bitcoin investments?

Honestly most people who are financially savvy will only have a small portion of their assets in one place, they'll tend to have the vast majority in stocks (aka ownership share of a company) which have proven themselves over many decades. Property is also one of the best investments that people will ever make in their lifetime and is usually the biggest thing that anyone will ever spend money on. If you can imagine that 80-90% of someones wealth goes into those two things, then the remainder might be spent on a sort of gamble with highly volatile assets like cryptocurrency or junk bonds. Besides early investors who got rich, you're definitely best to diversify your money.
3403  Economy / Gambling discussion / Re: When do you know is time to walk? on: August 23, 2021, 07:56:15 PM
There is an old song called "Thee Gambler" that goes like this (snipped part), by Kenny Rogers if I am not wrong.
,

Knowing when to hold'em, knowing when to foldèm are usually part of your ability, training and experience when playing poker or other games that have some math to it, my question for the forum is how do you know it is the time "to walk away" and I also hope that you never get to the point that you need to know "when to run".

Most people nowadays will be playing online poker, which means reading someones face and being able to call a bluff based on it is impossible. Of course it still works if you're playing in a real world casino. It is like any skill that someone has passion enough to acquire and master - many years of playing against many people, constantly learning and developing your game can end up building an intuition. As for the online poker rooms, most of the time it is about properly calculating pot odds and simply grinding. If you're lucky, you can come across many fish who will slowly hand over their money to you, if you're skilled enough to apply pressure at the opportune moments.
3404  Bitcoin / Bitcoin Discussion / Re: Operator of Helix Bitcoin ‘Mixer’ Pleads Guilty on: August 22, 2021, 08:24:07 PM

It seems like a pretty cut and dry case from the judges perspective. The purpose of a bitcoin mixer is literally to hide the source of funds, which in any other financial transaction would be classed as laundering. Anyone who owns these sites know full well that the majority of their customers will be sending dirty money through their system in order to try and clean it. Every single mixer that gets big enough will end up being prosecuted like this if the US authorities get hold of the owner. The feds also get to seize large sums of money and also figure out lots of customers who might have been trying to avoid taxes - people should stay far away from such services or they might get a knock at the door in future.
3405  Economy / Gambling discussion / Re: Sports Betting Or Gambling ? on: August 22, 2021, 07:11:51 PM
There are people who play gambling only while there are others who prefer betting only.
Do you think both of these type of people have different mindset and one of them is willing to take more risk than than others ?

Also do think that gambling is for the entertainment and earning money too but people do betting only to earn money and there is no element of fun involved in it.

The only question that really needs to be asked is whether the house (the casino/sportsbook) has a long term edge over the gambler. They almost always do, every sportsbook will be backed large and up to date statistical analysis across every sport they allow you to bet on. Over the short term a person might be able to out-think them on a few odds and make a profit, but if you play for long enough then you're basically competing against artificial intelligence with much more information than you could possibly process. Virtual casino games are even worse because there are fixed odds across all games which you mathematically cannot defy. Both types of gambling companies have been making record profits from bored people during Covid, that should tell you everything you need to know.
3406  Economy / Speculation / Re: Are you bullish or bearish this year? on: August 22, 2021, 07:00:39 PM
With the roller-coaster price movement this year, I like to know if what you think about this year's market condition overall.

Are you still bullish despite the huge dump from ATH, or do you think the market will be bearish throughout?

Share your thoughts and what's your basis, it will help everyone to decide.

Until we start to see the money printers within the biggest economies turned off (or tapered down substantially) then cheap cash is going to keep flowing into any sort of asset available. However history is full of boom and bust - what's weird is we have supposedly recovered from the worst pandemic in about a century and yet the economy in many places is soaring to record highs. That is a very strange place to be from a logical point of view. It would appear that we are still within the "fire fighting" stage of the virus, which may take another year to play out with hopefully no new dangerous variants. It'll only be after things have started to calm down that the shockwaves of huge amounts of borrowing might start to ripple and give us the "bust" part of the economic cycle that Covid managed to almost skip over.
3407  Economy / Gambling discussion / Re: Would you bet on climbing challenges on: August 22, 2021, 05:18:50 PM
One of the most spectacular yet little known sports is climbing. One of the specialties is indoor competition where the athletes will compete on completing diabolical routes and doing so the fastest. If you have never seen a video, you really should.

There are many other options for betting, such a certain climbing finishing a certain route or climbing a certain mountain. The stars of this sport, both male and female, frequently declare their intentions of climbing routes and it is a open ground for bets. Is there already any place to bet on climbing competitions or challenges that you know of?

I think a key part of this, like many sports, would have to be about safety and fairness. You'd want to ensure that the people competing had a strong incentive to win (a decent prize pool up for grabs) without fixing the race in any way. You might want to drop them into age or weight categories to equalize it a bit - like you see in other sports like boxing. It's hard to see it becoming really popular however, because the sheer physical intensity of the event will mean it is relatively short, where to arrange the competitions and I'm not sure there are enough climbers out there to create a large scale competition. It does seem like something Red Bull extreme sports would cover already, so maybe there needs to be an extreme sports category at every sports book.
3408  Alternate cryptocurrencies / Altcoin Discussion / Re: Nigeria to launch its crypto currency after crypto ban on: August 21, 2021, 09:33:38 AM
On February 5, the Central Bank of Nigeria (CBN) released a circular addressed to banks and other financial institutions with the directive that transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges were prohibited.

A news was published on the popular country news paper were the CBN president ( Central bank of Nigeria)  was analyzing on their plan to launch new digital currency which he called the E-naira. Full news here : https://www.usnews.com/news/technology/articles/2021-07-27/nigeria-to-launch-digital-currency-e-naira-in-oct-central-bank
Since the ban of crypto on the country no exchange has ever been able to execute a fair transaction to citizens account, which makes most of the exchange popularly used by the citizens has made move to launch and active P2P trade to enable the citizens trade successfully.

My questions here is, the county launching it's digital currency does it means that they have accept and approve the use of cryptocurrency?

What's do you think about their decision, do you think it will have great impact on crypto?

It seems like the greedy politicians want to do a fund raising which can line their own pockets - the best way to do that is ban any competition and then launch your own product. If they really had faith in their own cryptocurrency then it should be able to compete without any artificial censorship. I doubt many people in Nigeria will really be that into it considering that most of them will already distrust the government.Those sort of tactics tend to be taken by unstable and irrational officials who might just as easily back track if the project is a failure, causing any early investors to potentially lose a lot of money. I doubt it will be backed by much in the way of physical assets.
3409  Bitcoin / Bitcoin Discussion / Re: Bitcoin Youtube Scam? on: August 21, 2021, 07:32:09 AM
So when im watching some bitcoin videos on youtube... doesn't matter what it is... could be about bitcoin or cnbc talking about bitcoin, i see in the comments section, people making comments like

btc is the future

i made a ton of money investing in btc with so and so person

then you see someone post someones whatsapp or phone number and say contact this person if you want to make money

telegram

how btc is better than stocks

First off, all these comments are from people or are they bots?  I notice even on twitter when it comes to politics, you see these accounts post comments where it sounds like a bot... then you see other users who post the same exact thing.

I assume the scam here is you then contact that persons whatsapp or phone or telegram, then they ask you for money... then you get scammed?

This sort of "astroturfing" has been going on since the advent of the internet and is basically a way that people are using to get free advertising. They may be a scam, or they may just be trying to advertise an affiliate link to you where they'll get paid a percentage or fixed amount per "conversion". Whatever the case it is a pretty underhanded way to try to drum up business and as you see - they specifically target the comment section of related videos hoping to get one or two foolish people to bite. It's almost like putting leaflets into mailboxes, 99 people will throw them away and 1 person will think they are getting a good deal - however in almost every case they are not.
3410  Economy / Economics / Re: When debt is an asset on: August 21, 2021, 06:31:56 AM
It may soon change due to inflation, but as of now we live in a crazy world with the Euro - it is called the wonderland of negative interest rates. For those who are not in the loop, it works like this: You lend me 100 euros and I promise to repay you 99 euros. My first question, how much would you like borrow under these conditions?

I was speaking with a friend that wants to buy a house, mostly on credit as it is usual in many places. He was saying that he wanted a 25 year mortgage because he would like to have the house paid as early as he could. However, my take on this is that given the ridiculous interest rates, I would rather do like Europe or US and have that debt ... forever Smiley

Negative interest rates cause headaches for all sorts of banking infrastructure and are not a natural state of affairs - central banks would rather not have such a situation. It effectively means that people are hoarding money and the central banks are trying to force it to be spent on assets. That's why in Europe you'll only see negative rates applied to people with over a million euros in the bank, which is not the case for many people at all. Banks are also companies that are trying to make a profit, so you are unlikely to ever see negative rates applied to any credit product offered to the average consumer, as that would be part of the margin that they will take. Mortgages are already one of the cheapest products out there due to the large sums involved and long timescales, they have created a lot of equity as inflation causes the underlying asset (the house) to rise much faster.
3411  Economy / Gambling discussion / Re: Who where how much withdrew from no deposit on: August 21, 2021, 05:54:01 AM
Hello! Sometimes casino give no deposits and you can get lucky. You should be very lucky if there is a high wager for wagering, and sometimes there are no requirements for a wager. I was lucky 2 times, I withdrew about $ 20 from bc.game and about $ 30 from bitsarcade. In bc.game they gave a few dollars without conditions, you just had to play the minimum amount for withdrawal without a wager and withdraw the win in half an hour. At bitsarcade.com, they also gave no deposit without a wager, you just had to play the minimum amount for withdrawal. But there were already some problems, at first the forum thought that they did not pay and the project was scam. But as it turned out, the casino pays and operates as usual casinos, everything is fair. How much have you withdrawn from no deposit, maybe someone won the jackpot playing for no deposit?

I have only come across no deposit offers after using a website for some time - where you might deposit at the beginning, withdraw that cash a bit later and then be able to utilize a bunch of free offers. The closest I've come to free money from gambling sites is using matched betting, where I was able to earn around $400 risk free from the various welcome offers. Some were very generous - place a $10 bet and get $50 (really $25 cash) worth of free bets in return. If you do that with enough different websites and use the free bets on similar odds against each other - then you're just cashing out money at that point. Takes a little to understand at the beginning and you need to get the timing right with unlocking offers, but it works.
3412  Economy / Gambling discussion / Re: What really influenced you to gambling on: August 20, 2021, 08:41:32 PM
I could remember when I was young, I was an introvert then cause I don't really like mingling with school friends because I believed that they could currupt me because my mum used to tell me then that Show me your friends and I will tell you whom you are...which always guide through the attempt of gathering friends.

A very good day in school then, I was unable to find my feeding and transport money in my bag so had to beg my fellow class mates for fund to feed and transport myself back home. Surprisingly to me, friend gave me 5× the initial amount I lost and promised to give more if I request. This is how my urge for gambling started because I couldn't imagine what the hell he would have gotten that money.

I started gambling cause my quest for more money intrigued and I started making few penny from my school days. I almost got an addiction but controlled it with the help of parents, left gambling then later came back fully with a preserved mindset. I have no regrets cause my gain is more than the loses...who would I commit my offerings to? If you are not making success, pls have a rethink!
$2 profit is better than -0.0000012 lose...Gamble responsibly

It's hard to remember the first interaction I had with gambling, but it was probably the lottery. Seeing all the hype around it, as it was advertised in most shops and there is a weekly draw on TV was probably the most basic influence. The idea of paying a small amount with the chance to convert it into millions is of course very alluring. However if you are realistic about it, the odds have steadily gotten worse over the years as the owners of it have gotten more greedy. In many ways though, everyone will have a gambling experience at some point in their life and it might be better for you to come to the realization that it a) takes a lifetime of dedication to master one of the few gambling games that are skill based or b) that the average player is simply not going to win more than their stake back, if they're lucky.
3413  Economy / Economics / Re: Coinbase IPO was the largest IPO in 2021. 86 billion USD valuation on: August 20, 2021, 07:20:29 PM
I found this nice infochart about IPO visualizations, and I was surprised to see that Coinbase was the largest IPO in 2021.

With a 86 billion dollars valuation, it was the largest of the year of 2021.

Let's see what is waiting us in the future. I was really impressed with the size of this IPO and I didn't expect a so much successful one by coinbase.

Will Binance do one some day? They are are now complying to all regulations, and just began enforcing mandatory KYC on all users amid mounting regulatory pressure

They are probably looking to comply to do something bigger.

That's definitely a very interesting and well visualized graphic to represent all the IPO's so far this year. To anyone looking at the statistics, Coinbase was a real money making machine when it launched this year - the fees that they are able to charge bring in huge profits and their first mover (biggest surviving exchange so far) size advantage helps them to dominate the market. Binance must also be raking in the profits with their extortionate withdrawal fees and the amount that they're able to raise from trading - unlike the fairly standard buy/sell functionality of Coinbase. You really have to question if we're in some kind of bubble when you see results like that and it's worth considering that the price has dropped around 25% since launch.
3414  Economy / Gambling discussion / Re: Describe your first gambling experience? on: August 20, 2021, 07:15:32 PM
Free money! Was what i shouted the first time i gambled on a virtual soccer match and i won, i was so excited and intrigue at the way my small money had increased by 6 times in just a moment, i said to myself quietly, it seems like gambling is good for me, little did i know that i was already getting hooked on to the game.

After winning twice on my first attempt, i acted smartly and told the customer attendant that i no longer wanted to play, i demanded for my earnings, once i was paid i hurried off away happily.

I had played a couple of times afterwards and lost but it never did dawn on me until i used the money meant for my tuition to gamble, lost to games my friends promised were "sure odds", and was almost faced with the option of redoing a whole semester for the reason of no tuition. This is worst gambling experience.

Please share your own best and worst gambling experience?

My first gambling experience besides the lottery was probably dabbling in online poker and barely being able to break even - I might have lost $20 once or twice but the pain of losing money made me quickly wise up. There are so many dedicated card sharks that it is a very tough experience for any player starting out now and the variance can kill you if you try to jump too high too fast. It was a good experience however and I used it in the run up to playing one session of live poker - where I was able to walk away from a cash table with $200 winnings on a fairly small buy-in. My worst experience was probably after some gains from matched-betting, I thought horse racing looked like some easy money but promptly discovered it is easy for your horse to lose too.
3415  Other / Politics & Society / Re: The recent surge in Covid-19 is making vaccine makers to have a rethink on: August 19, 2021, 08:06:49 PM
I could remember when the Corona Virus started making the world to be in a turbulent state of rest. America shut down in March 2020 due to the COVID-19 pandemic, there was a pervading sense that the situation was probably or hopefully temporary. After all, efforts were already underway to develop a vaccine. It was just a matter of time until normalcy would return.

But 17 months later, a return to "normal" is nowhere in sight. Frightening new mutant strains like the delta variant and the lambda variant have emerged, more infectious and possibly more dangerous than their antecedents. Early evidence indicates that, while existing vaccines stop patients from getting severely ill if infected, they do not prevent the infected from transmitting the disease. At the very least, it is theoretically possible that mutant variants could create problems for people who want their inoculations to be effective.

In other words, the vaccines weren't enough. Humanity anxiously awaited development of the first COVID-19 vaccines throughout 2020; now that those vaccines aren't enough to permanently halt COVID-19, it would appear that vaccine manufacturers are pivoting their strategy. But as to what they have planned, pharmaceutical companies aren't being entirely transparent — or perhaps they aren't sure.

"As SARS-CoV-2 continues to evolve, Pfizer and BioNTech are continuing our work to understand long term immunity, the need for booster shots, and any threat from circulating or new variants of concern to vaccine protection," a Pfizer spokesperson told Salon by email. The company said that the existing body of research and evidence suggests that the circulating variants do not escape their COVID-19 vaccine, adding that they continue to perform clinical trials at various stages for a third dose of their currently two-dose BNT162b2 vaccine, with possibly hopeful results. That vaccine, widely known as the "Pfizer COVID-19 vaccine," is effective in preventing COVID-19; two doses of it significantly strengthens the body's ability to avoid severe disease and hospitalizations.

The company also communicated to Salon that, broadly speaking, they plan on keeping tabs on emerging variants and waning immunity so that they can prepare new products if necessary. "It is, in part, why we chose a vaccine technology with the flexibility that allows us to both provide boosting doses if needed and to address potential changes in the virus," Pfizer explained.

The biotechnology in question is known as an mRNA vaccine, and it describes the type of inoculation developed by both Pfizer and Moderna (which did not respond to Salon's request for comment). Traditional vaccines work by introducing a weakened or dead pathogen (an organism that causes disease) into the body. The immune system becomes familiar with the pathogens by being exposed to them and, like a soldier participating in war games, learns how to fight a real enemy through training with a facsimile. More specifically, the immune system learns how to recognize antigens (a toxic or foreign substance on an antigen) and produce antibodies to destroy the pathogens associated with them.

https://www.salon.com/2021/08/12/vaccine-makers-future-strategy-delta/

Ah yes, the pioneering scientifically acclaimed journal known as "salon.com" - what complete tabloid trash you're trying to use as evidence to spread your garbage myths. The vaccine developers have been clear from the beginning that everything has to be based on real world evidence. This virus has travelled so far and so fast that it is unlikely anything the world has seen for around a hundred years - aka an unprecedented pandemic. Every vaccine relies on training the bodies immune system to fight an invading threat - however that relies on training against certain makers. A virus is a constantly evolving organism that is naturally changing as it moves between people and certain strains are able to morph into something new - the markers vaccines used change. That means that in most cases the vaccine will work where the majority, even a minority, of markers stay the same but as the virus mutates it can become less effective. Much the same as how some people get yearly flu shots, which are a defense against selected flu viruses of that year, we may need a similar booster to fight Covid until a longer term cure is found.
3416  Economy / Gambling discussion / Re: Twitch introduces restrictions on gambling-related links - deadline 17 Aug on: August 19, 2021, 07:34:45 PM
The latest creator update from Twitch says,

Quote
"To prevent harm and scams created by questionable gambling services that sponsor content on Twitch, we will prohibit sharing links and/or referral codes to sites that offer slots, roulette, or dice games,”

Now streamers have time till 17th August to remove any such contents from their videos.

News ref: https://dotesports.com/streaming/news/twitch-introduces-restrictions-on-gambling-related-links

Do you foresee any Impact on crypto gambling?

It is crazy that twitch allowed it to go on for so long - you know that a regulator or lawyer has contacted them in order for them for a financial settlement when you start to see stories like this. They want to to "get ahead of the problem" and pretend to be the pioneer in banning it. In reality they just get to cut out a source of advertising competition within their pages and force these gambling type adverts to look more legitimate so they can take over that revenue stream. Gambling is a very lucrative niche within the advertising industry so it is unlikely to be removed from twitch in all forms. I remember a few years ago there was a big regulator smack down on counterstrike gambling sites with sites shut down and huge fines, so maybe they expect something else similar is going to happen to them.
3417  Bitcoin / Bitcoin Discussion / Re: Bitcoin for Afghanistan and Taiwan on: August 19, 2021, 06:47:36 PM
Given the events in Afghanistan over the last week, it is a great example of where bitcoin could have been of great use to the people of the country.  The currency, the Afghani, fell to record lows.  Anyone who owned bitcoin was protected and could escape the country with their assets, not worrying about capital controls or confiscation at the border.

Given that China sees how weak the current US administration is, Taiwanese should beware and should have escape plans in place:  assets offshore in the US, EU, Switzerland etc and some large percentage in bitcoin.  The people of Hong Kong had an opportunity to do so, and probably still have a slight window, but right now Taiwan is in a place where the people should be concerned about the communists at their door.

Bitcoin would be a great asset for savings if only it was a lot more stable - but that is something that nobody can control. Maybe a better idea is having a basket of the top 5 most popular currencies to sort of hedge your bets, even though they often move in tandem. Weight the majority of your holdings (say 40%) into Bitcoin as the first mover will always have a strong advantage over others, and taper it down in a similar way to the remaining cryptocurrencies. The trouble with your idea is, that it is hard to be safe all of the time - you might store a hardware wallet (which might be difficult to smuggle out depending on circumstances) or you might have your funds in an exchange - which are relentlessly targeted by hackers.
3418  Economy / Economics / Re: Die today, Die tommorrow, the same dying! still get vaccinated! on: August 19, 2021, 06:43:46 PM
Well, because of covid19 many had been struggling in able survive even if it means that not following the minimum health standard protocols against covid19. This the reality of what has been happening around especially in poorer countries. But what can we do? I myself too strugling to survive.

Poverty now will becoming a number one issue accross the globe and surely will becoming a major problem that will cause criminal activities. We all know poverty is already listed as top major problems around the world and  this pandemic will add this poverty issue. It has been discussed already here where I read a certain threas regarding the increase the price of basic commodities. This is really a chaos due to poverty that will result and encourage to do criminal activities.

Stealing, killing and other related criminal acts will become rampant. So, one must become ready and this is why I think that you yourself too should be ready and here are the things that you need to consider in getting ready to face death.

1. Believe in a superpowers (God), this world is created to it that even science could not comprehend how the universe is being made. Meaning there is God but we do not know how he works but we should believe in the creator. In thay way facing death knowing that there is a creator and he will surely going to take care of you after death.

2. Leave all your financial assets and trust it to your family or closed one especially your BTC. They can't get your BTC once you die accidentally.

3. Forgive all the people that hurt you and ask forgiveness rhe people you hurt. They will going to remember you of all your good deeds once you die.

4. Give more quality time to people that are closed to you. You can't turn back time so spend it wisely as they say that "Time is Gold".

5. Spend your money wisely not by purchasing luxuries in life but only the need and don't forget to share if you have some extra resources to spare to others.

In this way, if death will become invetable to you then you had already enjoyed life and that you had done wonderful things to yourself and to others. Therefore you can freely accept death in good faith.

Life is wonderful and precious so take care of it and avoid things that can destroy life. This covid19 and pandemic could be avoided by practicing minimum health standard protocol and taking the vaccines. Vaccines can possibly end this pandemic and we can live to a normal life again. Let us help fight the pandemic by getting vaccine.

Are you willing to be vaccinated?



That's some great advice except for the first point. You don't really need to believe in any kind of supernatural forces to have a fulfilling life, but it comes down to personal choice. I'd say that everyone should travel far and wide if they have that sort of opportunity in life, as it can really open up your mind to different ways of living. It should be obvious to all, even if you are on the fence about it, that getting the vaccine is about protecting the community as much as it is about protecting yourself. You might survive a bout of sickness, but if you're able to defeat the virus quicker it might mean that you do not spread it on to more people unnecessarily.
3419  Economy / Gambling discussion / Re: Gambling Exposed to children on: August 19, 2021, 05:48:47 PM
These days I'm seeing many Youtubers and Twitch streamers are promoting Gambling websites [Dice, Sports Betting] and Poker Apps.

I know it's ok to gamble for having fun and socially but I don't think young people should be exposed to this when they're in school.
Most of them will only imagine "What 'IF' i win 1000x of this amount and i'll be able to do this and that"

The first thing where will they get the money, even if they get pocket money and use that to gamble then they'll slowly develop the habit of gambling disregarding short-term winnings - if they occur.

They'll pay a huge price with the tension they'll have thinking about this when their whole life is ahead.

I think education will be the only thing that can save children from getting addicted to gambling. The standard of education seems to vary so wildly, even with supposedly consistent curriculums and key topics are often brushed over or not fully explored. Math for instance can teach kids complex subjects like algebra/calculus but the practical usage of such calculations are often missing. It would be far better in terms of gambling to try and practically explain how odds work, how compounding works, what mortgages/interest rates/credit cards/debts are and how making the wrong decision (like borrowing then wasting large sums) can really affect them long term. They need to be taught some of the many tricks that put psychological pressure on them and be taught as independent thinkers, rather than simply following the crowd.
3420  Economy / Speculation / Re: Can I recommend a friend to buy Bitcoin now? on: August 18, 2021, 09:06:59 PM
Bitcoin is now rising, and it has jumped by 3k in less than 10 minutes. Although everyone is happy but also worried, is it going to fall again?
My friend asked if I can continue to buy it? But I see a lot of people commenting that giant whales are now controlling the market. I told my friends not to enter the market for now, but my friends seem to have misunderstood me.
Do you think that this kind of market should be forbidden to enter or continue to buy?
I suggest not to panic selling。

You will never be able to predict the direction that bitcoin is heading, even if we are in a speculation section of the forum. It is a very bad idea to start handing out investment advice in a field that you (or anyone else for that matter) have no way of determining the future. It is not as if you are saying - put your money in this bank account it'll earn you 4% per year guaranteed! or even, this company has been around for a while and is very unlikely to go out of business - you can make 7% per year on your money if you invest based on my extensive research. If you truly value this friend, you can describe why you think Bitcoin will rise, e.g. a steadily diminishing pool of a desirable asset, but make sure they are aware of the risks - it had a similar level of flight as the stock market when a crisis (Covid) struck.
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