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3761  Economy / Gambling discussion / Re: Eth Berlin Upgrade and Gambling on: April 26, 2021, 10:26:23 AM
Both BTC and ETH now does have low fees which we can already make out some plays on using these coins.
That's compared to the fees that they had, not with the fees compared to other altcoins. Doge LITE and a few others have way lower fees compared to these two, and a few casinos also accept said altcoins, so why bother choosing those two when you can choose the one with the lowest fees right? The only reason ETH would ever be used to gamble is that the Berlin Upgrade manages to lower the fees to the levels of what those altcoins experience. As for BTC, well, just wait for the network to actually calm down, then send it though it still has quite a hefty fee imo.
3762  Economy / Gambling discussion / Re: What age bracket is perfect for gambling on: April 26, 2021, 05:46:19 AM
I disagree.

The mature age is the right age for someone to engage in gambling to know his responsibility and risk, because if a kid or a teenage would gamble, he'll be just to carefree to gamble all of the money he has and the money or his parents that he could steal if he doesn't have any money left on his pocket, worst case scenario is that he would steal money on other people, that's the disadvantage of kids when introduce in gambling in an early age.

The effect on adult could be minimal or not, but in a child? it will be always worst.
Minimal on adults? I doubt that. Adults or a teenager or a kid, no matter the age, as long as someone doesn't know how to properly manage their finance shouldn't be allowed to bet. Hence why my earlier opinions were about how the age was minimal. It's almost common sense that kids wouldn't really be allowed, since they're brains are still underdeveloped and the concept of finance management isn't something they themselves would know, but I suppose it isn't impossible for that to happen, just that in the end, they wouldn't use it to gamble since the circumstances for them to actually understand it should already reveal that they have problems with finance.

3763  Economy / Speculation / Re: Will bitcoin go below $40,000 on: April 26, 2021, 04:23:05 AM
Nah, even if it were to go down to close to $40k, people who were expectant of it going down to buy when it dips would just bring it back up immediately. I suppose the market has given up on trying to go past the ATH, but that doesn't mean that it would go down to low levels. It'll just be a rather straight line market from now on, probably for a few months again before it acts up once more. Now it going down below $40k by then or going up somehow still remains to be seen imo. Probably someone intentionally dumping the market together with the correction, hence why the strong correction as of recent, but a dump like that would only last at most a few days I presume.
3764  Economy / Trading Discussion / Re: RIP Stocks on: April 26, 2021, 01:02:42 AM
It's obvious that the amount of profit in crypto is much more than stocks. At least that's what I have experienced with 2 years of trading stocks.
The opposite could be the same so do remember that. I wouldn't judge really if it was a good or bad decision since really, the situation would only become "good or bad" depending on how well you trade in the crypto market. I'd reckon you'd need a bit of time to start up and check out on how to enter since crypto is a high-risk high-reward kind of market. I'd honestly still tell you to actually split it and go back to stocks, since it is still a way to make your money earn more money, albeit safer than the crypto market. Not to mention that stocks value of a few companies would definitely increase depending on how the situation with the pandemic turns out.
3765  Economy / Gambling discussion / Re: Dubai's Government and Gambling on: April 26, 2021, 12:26:16 AM
Kinda unfortunate since Gambling is also a form of profit for their country. Kinda odd how Hotels took advantage of it immediately from a so-called "leak". It wouldn't be odd if someone from the higherups actually accidentally revealed that they would've allowed it already (either its the truth, or some drunken spur) hence why hotels started introducing the scene. Still, though, I hardly doubt that hotels would actually reveal that they scammed people to gamble since they themselves would get hit by quite a hefty fine for it. I'd honestly think they'd only shoot their own foot if there was a personal vendetta here or corruption on going (so that hotels run free while players pay).
3766  Economy / Economics / Re: Former Employees From Major South Korean Firms Quit Their Jobs After Pocketing M on: April 25, 2021, 07:57:46 AM
Man here we are discussing the success of a few people, who knows how many actually lost instead no? It's great for them no offense, just that these types of articles often picture investing in crypto as something easy when in fact, it takes a lot of luck. Especially for them, increasing their capital by a huge number would require enormous amounts of luck, and not anyone could have that experience.

I'd also reckon that they didn't actually invest in Bitcoin, or rather not entirely anyway. The profits they got were way too big after all, so probably multiple altcoins that boomed, which they took advantage of, managed to make them into quite the billionaires.

In fact, he invested his life savings and some of his loans in cryptocurrencies and resigned from Shinhan Card last month after making millions. Interestingly, he has now become a full-time YouTuber to share his success in cryptocurrencies.
Ngl, I'm pretty sure the first wins would be attributed to luck, and then the rest of the vids would center on him making "analysis" and whatnot. It's all the same no matter what crypto YouTuber you watch imo.
3767  Economy / Trading Discussion / Re: Control your trading emotional outburst and get yourself together! on: April 25, 2021, 07:00:48 AM
Hey that's part of trading I suppose. I myself didn't actually realize that the price went down by quite a lot these past few days since I've been ignoring it when it started going down just so that I'd stop panicking and whatnot. Peeked at it today and I was like, hmm okay. Glad I set up some stop loss before I stopped looking though.  Dips should be considered an opportunity instead of a loss. Take it like this, you lost money due to the dip? Hey at least you're gonna earn more because of it no? And if it goes back, you'd recoup the losses you made early on, win-win. Just, don't get too optimistic, that ruins your life, same with being too pessimistic.
3768  Economy / Speculation / Re: Sell your Bitcoins or die - Bitcoin to $5000 soon - Fiat is best alternative on: April 25, 2021, 06:17:09 AM
In the first place though, I (and probably most people) have never used the news as a basis to judge if Bitcoin would hit a set price or something. Idk about others, but I just think of Bitcoin as something better than fiat. Not saying that fiat is useless,  it's a case-by-case basis, but just judging by the potential between the two? I'd vote for Bitcoin on any other day.

OP saying that Bitcoin would go to $5000 is the same as the news saying that BTC would hit $1mil, so what's the difference between you and the news? I'd rather say that Fiat has no future ngl, with how the government has handled and managed it to this date.
3769  Economy / Gambling discussion / Re: Be a Responsible Gambler on: April 25, 2021, 05:35:41 AM
Borrowing to gamble! What a way to go.
You know personally,  there is nothing to be responsible about when it comes to gambling. I say this because, I don't think there are those that are proud gamblers or take gambling as an occupation.
But there are. There are professional gamblers out there that participate in tournaments for the cash prize. Tournaments aren't there so that gamblers with no money could participate but rather so that gamblers with money and the mentality to actually know what gambling could participate.

~
~snip
 And try to make $2000 in order to have an initial amount for trading. If you think you can trade, just do it. Trading is a better place than any online casino.
Trading is at least better than gambling. As a trader, I can say that trading is somehow related to gambling if you carelessly make a trade, put an order or let the emotion drive you insanely. But OP says that he intends to trade so probably he does prepare to make money with it instead of throwing his money out of a window like what he did in gambling

Your point is also correct. Trading is also very risky. Even so, if OP intitial decision is to make money with trading, why not let him finish it?
Who said to trade crypto anyway? Trading stocks and letting it make money for you seems to be the best option imo. Crypto on the other hand, is just an investment where you could quickly profit, even with the relatively famous coins, you'd only need 4-5 years for you to realize profit (basing it from history and not a guarantee, since most famous coins right now have grown to quite a price after all), while investing in new coins could get you a gain of more than 300% if the said coin were to ever grow (though they're most likely going to die off after that).
3770  Economy / Gambling discussion / Re: Eth Berlin Upgrade and Gambling on: April 25, 2021, 05:00:28 AM
I mean, BTC is still used even with high fees, what more other coins that have low ones no? Not to mention that most casinos originally accept BTC and ETH as most of their choices as coins for crypto gambling. Still as of recent afaik, coins like DOGE and LITE that have relatively cheap fees are the ones that are one of the most being adopted, and most accepted by gamblers to use to gamble (instead of the other two I've said). Now if the ETH fees were to go to the level of how DOGE and LITE fees are, you can expect that another new coin would probably be mostly used by gamblers now.

Still, a wait and see attitude is a must since it isn't a guarantee that the fees would actually go down that much, heck or even go lower at that. Not to mention that would it even last in the long run? I'm pretty sure most ( at least I would) would want a coin to actually have low fees in the long term so that I don't have to go and look for other options.
3771  Other / Archival / Re: The difference between the Martingale system and One-Time-Bet on: April 24, 2021, 05:23:51 AM
Because people fail to understand the probabilities and like to think of the possibility to "hack the system" and find an ultimate winning strategy. You're absolutely right, the chances of losing while placing a single bet and with Martingale are the same.

It's pure psychology of self-consolation, that does the trick. When placing a single bet a gambler thinks "I might win, or I might lose, it's a 50/50 chance" (with respective odds, of course).

But with Martingale the gamblers are often deluded by the thinking that with each bet the chances of winning increase. They go like "I've already lost 6 times in a row, I will definitely win in the next round". While, in fact, the chances are still the same and they can keep losing.
Your logic makes sense and I believe, a lot of gamblers have that kind of perspective.
This is why some like to use martingale system because of that perception.
Anyway, in my opinion, if the game is luck-based, whether you use martingale or one-time bet, still your chance of losing is always there.
Don't think that you have high chance of winning when you practice either one of these strategies.
I'd have to disagree since technically there's a difference between the two. Yes, they both rely on a 50/50 chance, but Martingale is there to at least make/skew that 50/50 to your side, making it so that you don't lose it all at once like the 50/50 dictates. It's like it's lying to the possibilities by spreading it out evenly. Unlike a one-time bet, now that's a true-to-life 50/50 chance of you losing money. Yes, the chances are the same as always, it doesn't go up nor does it go down, but a spread out 50/50 chance vs a one time 50/50 chance have different results from each other. I guess that's what gamblers go for.
3772  Economy / Economics / Re: FINALLY ALL MONETARY AUTHORITIES IN THE WORLD WILL ADOPT BITCOIN on: April 23, 2021, 05:11:19 AM
This was created because bitcoin was able to guarantee equal trust without intervention so that it was considered fairer and safer.
And in the next 20 years bitcoin will become the single standard means of transaction in the world beyond the role of the US dollar, yuan, yen, euro and others. The creation of a world financial mechanism that is more efficient, easy, safe, equal and reliable.
It's one thing for Bitcoin to be safe, reliable, and transparent as you say, but it's another thing if the governments would adopt (if ever) Bitcoin. Just from what we have now, Government allowing Bitcoin is actually the limit that they could have at it, using it as a replacement for fiat? Doubt that. A coexistence right now (if you could call it one) is probably the only thing we'd ever get since leaders would never allow their power to go over to no one. That's basically asking them to kill their own methods to corruption and whatnot.
3773  Economy / Economics / Re: The Country Cryptocurrency vs Bitcoin on: April 22, 2021, 08:23:25 AM
In the end, CBDC and Bitcoin isn't something that would actually fight over, well, whatever it is that they're fighting for. One's centralized and one's decentralized, where would they even fight to begin with? It's just one side selfishly declaring their wish to actually create an opposition towards the other, while the other is basically, well, still the same.
This sounds impossible in my opinion. The UK is just too small compared to the whole Bitcoin market. Even now after leaving the EU it will be especially hard. Making their own coin is fine, but who is going to buy it? Do they honestly expect the whole world to switch into Britcoin insteads of BTC? The chances for that to happen a very very small. Mission impossible is a good comparison.
And that would be considering that the entire UK population would even start using their Britcoin. Would only happen if they decided to overhaul the entire financial system of the country, which should have implications that would most likely exceed the country itself imo.
3774  Economy / Economics / Re: Bangladesh Bank will not leave any digital currency in the market on: April 22, 2021, 06:58:35 AM
Bangladesh is a over populated country, here it is needed to create the job demands for its people. But as a developing country, corruption is the main problem here which is one of the main problem for using Cryptocurrency.

In Bangladesh, 40% transaction is done regularly by using electronic money method. So there has a demand of using electronic system and people are enjoying it. But there has no plan of implementation of digital currency here.
I mean, corrupt officials would never agree on the implementation of cryptocurrency just for that single fact that it lets the public know of where they send those funds that they hold. Idk if Bangladesh has the same reason or has another reason, but it wouldn't be wrong to call it partly true.

As you said, the country has almost half of the transactions using electronic money (I'm assuing its digital money, not crypto), so that's also one more reason why they don't need to implement crypto. They have their own simple system, one that let's them be in control, so why implement crypto right?
3775  Other / Archival / Re: The difference between the Martingale system and One-Time-Bet on: April 22, 2021, 05:33:55 AM
Cause the martingale system guarantees that you wouldn't lose out as long as your bankroll could handle it. And most gamblers out there aren't in it to play to enjoy, but rather play to earn, hence why. Plus, with the offset of any loss, any wins you get would basically guarantee that much of a profit. So if you can hold on for as long as you can, it's basically guaranteed profit. One-time bet on the other hand is just a 50/50 chance. If we compare the two, it's like comparing one strategy where you're skewing the chance for the overall result to your side, while the other is just, well, hit or miss.
3776  Economy / Speculation / Re: When Is Crypto Black Day? on: April 22, 2021, 02:30:57 AM
Man, why do people expect traders to have some form of future reading powers to always ask when xxx happens or yy happens. Just hang around the market most of the time, heck even on twitter or in this forum, hang around a few hours every day and you'd easily see any topics related to whatever you're looking for.

Imo though, it's likely to be far off, at least a year or so. The market is pretty well off right now even if we consider the huge minus this past week. Watch out if it goes below $50k, then maybe something is going to happen you can take advantage of, but it wouldn't be a huge one imo.
3777  Economy / Gambling discussion / Re: 25 arrested after Rab busts mini casino in Ashulia!! on: April 22, 2021, 01:51:57 AM
On the bright side, at least they're all above 18 years old. Still in general, since the place bans gambling, I suppose the action they took was rightfully taken. Though completely banning gambling seems to have taken a bad turn for them, completely removing something people want would just breed situations where they're just going to push through it without any consequences. And hey, if people have money, they can basically almost do anything imo.

Despite being a gambling-prohibited country, why there are lots of mini-casinos operating there? It's impossible that no corruption involved here or under the table negotiations.
In the first place, I highly doubt anything "illegal" is actually operating far away from those in the higherups. You know what they say, the safest place is right under their noses after all, not to mention they can get free benefits if they handle negotiations well.
3778  Economy / Speculation / Re: 🛑 Do you feel like Elon Musk has inflated the crypto Poll With Results 🛑 on: April 21, 2021, 08:57:26 AM
I'd reckon that Elon did indeed have some influence on the crypto market but only a small one, specifically for the BTC market. Even before his tweets started trending, Bitcoin was already on a bullish run. It's like Elon basically ran along with BTC towards the top, and not Elon pushing it to the top. The same couldn't be said with Doge though, the market there could show you that other than Elons influence, there was close to no reason as to why it suddenly ended up bullish. The next few movements could be attributed to trusting it would go up again, but the start? I'd say it's mostly his influence.
3779  Economy / Trading Discussion / Re: Does that mean trading is more popular than social media now? on: April 21, 2021, 08:26:07 AM
Nah, this is either a daily thing or monthly thing, but definitely not an all-time thing. I reckon that people are quite active with the internet now due to having nothing to do, hence why the news of cryptomarket experiencing huge booms have had them interested in checking it out. I myself have been asked by a lot of my friends on how to actually enter the scene, so it isn't that surprising that it actually made it boom. Not to mention that trading is more popular than social media? Highly doubt that. Humans are social animals, after all, nothing could basically beat (at least right now) social media apps with how they share information and entertainment to others, and imo, trading isn't one.
3780  Economy / Gambling discussion / Re: What is the best Sport to bet on ? on: April 21, 2021, 07:25:16 AM
bottomline, as long as you know the sports, or shall we say, you live and breathe that particular sports and you are comfortable with it, the better. so it varies from one person to another. so the answer here depends on the person himself.
if you are a sports bettor, normally, you will go to the sports that you have the advantage of, in terms of your accumulated knowledge over the years.
Doesn't mean that one should shy away from a certain sport they want to bet on though. Just that, it isn't a guarantee that you would actually profit off of it, especially since you know close to nothing about the sports, nor the rules about it. I myself watch and sometimes bet on chess matches, I understand the basic rules but I have no bloody clue how the mind of the players works on it since I'm particularly bad at playing it. On that note, OP asking for the "best" might've been wrong, might have been better to ask the sport that most people bet on instead.
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