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381  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I invest in new projects. on: November 01, 2023, 11:58:45 PM
It is a great opportunity to make good profit by investing in launching new project in crypto world and also equal level of risk. Before investing in any new project, do proper research is a very very important step. It is necessary you can check out their different activities like their team, marketing plans, community support, road map and problems which faced during launching and how they solved their problems with uniqueness. You can invest those amount of fund in project if they lost and you will not be depressed. Keep in mind that new project will be only profitable when you do crystal clear research and exercise cautious

If a person would want to explore their opportunities, they should also study their options.
But if you are just jumping because of hype, high likely that you will be screwed by these scammers.
It is fine investing on new ones, so long you know the risks you are getting involved with.
Most of them have very short lifespan where a lot are getting abandoned even before hitting in the trading market.
382  Economy / Economics / Re: Does Using a Credit Card Demonstrate Financial Literacy? on: November 01, 2023, 11:33:21 PM
Credit cards are often associated with the wealthy who can pay off their entire balance while benefiting from various rewards and points. However, for those with limited financial means who can only afford to make the minimum monthly payment, it can lead to long-term financial problems, especially if they continue to overspend, resulting in a never-ending balance. Credit cards are essentially tools that offer convenience in spending, eliminating the need to carry large amounts of cash. Therefore, it's essential for individuals to carefully evaluate their financial situations before obtaining one, considering whether it genuinely enhances their financial comfort or merely adds to their debt burden.

In a simplified explanation, while the wealthy enjoy convenience from credit cards, which credit card companies don't profit much from, it's often the less fortunate who are essentially financing the operations of credit card companies, allowing the wealthy to continue benefiting from their services.

I am not against with having credit card so long you are being responsible about the use of it.
Because there are so many conveniences that it will provide to you especially in tight situations where you forgot to bring your cash or you are out of cash.
But if you don't want to worry about having debt to these financial companies, much better to use a debit card.
At least, you know you are spending your own money and you don't have to worry about forgetting your due date for your credit card.
Also, it will teach you how to manage your finances without incurring debt to any of these companies.
383  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ANEY] Animal Economy - Farming EGGS & NFTs & MN/POS on: November 01, 2023, 11:00:15 PM
If the videos are real and legit, then, I believe this project will push thru even if the team won't sell their NFTs or coins.
Since a lot of projects are just pure talk and no tangible product behind it, maybe this one is for real.
So the people behind this should continue what they are doing, with or without their coin in the market.
Good luck and hope to see you thrive in this market, and let's see if they will continue to post videos as their business progresses.
384  Alternate cryptocurrencies / Altcoin Discussion / Re: KuCoin Launches Futures 2.0 on: November 01, 2023, 10:29:57 PM
I think I was having this app in my mobile phone and I was about using it and I did comparation analysis and I discovered that Binance is the best to be used so I uninstalled the app again. But I use to receive messages every day to use the app to deposit and get my first deposit bonus. But I always ignore because their market price is low. Most of my country cryptocurrency users were using Remitano but as the app was disturbing last months, most of us left it and use Binance for our daily, weekly and monthly payment or transactions.

Though many of us are still using this app for exchange.

If you want a good alternative to binance, I can say, kucoin may be one of them that you can trust with your funds.
However, just like any other exchange, you always need to make sure you transfer your funds to your own wallet after you finished your transaction with them.
I can't say anything against kucoin a I've used this exchange several times and haven't encountered any issue at all.
You can also use their p2p trading if you want to exchange your crypto with your fiat.
385  Economy / Trading Discussion / Re: Binance is reported by Senator Cynthia Lummis on: November 01, 2023, 09:50:43 PM
Binance has been into many controversies that's all about legalities and not with their own thing. Despite that, we're still using them.  Tongue

It's not just all about its popularity but I guess wherever is the huge volumes can be found, we're also there whether it is centralized or decentralized, with controversies or with active cases or none, etc.

I am not digging about this issue because I am expecting more like this to come.

If we have noticed, authorities have been long at it towards binance, but nothing solid yet has been published towards this exchange.
Something that will put their traders to stop using this exchange, but instead users are continuously using this platform.
It goes to show that people still trust this exchange despite of those news surrounding their business.
Maybe because binance knows what they are doing and they are taking care of their customers by not screwing their funds for one.
386  Bitcoin / Bitcoin Discussion / Re: How to value bitcoin and cryptocurrencies? on: October 31, 2023, 11:47:53 PM
No one has derived any method for that, and no one has ever tried to seriously do it, at least to my knowledge. There are some very naive models, like thinking that Bitcoin's marketcap should be equal to the sum of all wealth, or all fiat currencies, but it's obviously useless.

It's just impossible to put a price tag on the properties that Bitcoin provides - being your own bank, censorship resistance, etc.

And currently Bitcoin is still in speculation phase where a lot of users just buy it to sell later, and this is the main drive behind supply and demand rather than Bitcoin's fundamentals.

Let us just be grateful that we have this new digital currency and we are enjoying the benefits of it.
There's no need to think about this value because you will only get crazy evaluating such worth.
For now, we are seeing how much it is being valued in the market by how much it is equivalent in dollars.
387  Economy / Speculation / Re: Buying at 35k? on: October 31, 2023, 11:00:54 PM
Yes, 35k is expensive to buy, because it has already dropped to 34k as I type. The bitcoin price has dwell so long in the range of 20k such that the 20k to 25k range is now seen as the average normal price of bitcoin. Reaching 30k is already a high price and 4k ontop of the 30k is high if only you are a short term investor.

On the second thought, 35k is a very good entry price if you are a long term investor or if you are investing with the bull run in mind. So, a short term investor buying at 35k is taking a huge risk because the price might plunge back while a long term investor would have nothing to bother.

If you are indeed a long-term investor, the 35k price tag is not expensive. That is, we are aiming for more than 35k before we sell.
And which translates that if we will buy now, it is still a good opportunity before we see this slowly rising.
As an investor, you need to know your financial capabilities first before buying more, because you may be compromised if you need the funds.
So the decision whether to buy at this price level depends on the user himself, after he assessed his financial conditions.
388  Economy / Gambling discussion / Re: Is this how it start? (No or yes?) on: October 31, 2023, 10:02:36 PM
why I am surprised is because I haven't funded into my betting account twise in a day after losing done money, so am I becoming an addict? No.
I'll actually say what happened to you has been happening to alot of peeps and has definitely been the reasons why alot have been deeply into gambling today.... It all started off one day Luke that, and was improved over time...

lol, you're not an addict for the fact that you funded your account and wagered twice... Even if that'd happened 10 times in one day... What happens is that it develops over time...lol

Sandra 🧑‍🦰

That is true, depositing twice in a day is not yet to be categorized that she is becoming an addict.
But she needs to be aware of her spending habits because that may be a start of her gambling journey.
Thinking of recovering such losses is one way to be addicted in this game. And if she will do it over and over again,
she will notice that she won't be using 10 bucks anymore but higher amount and the frequency would be more often.
So yes, it may be a start if she doesn't set her limits and be out of control later on with her betting habits.
389  Bitcoin / Bitcoin Discussion / Re: Invest in bitcoin and forget the investment on: October 30, 2023, 11:59:27 PM
   Isn't that how a long-term investor should think? That's why they are the capitalists who are not affected by what is happening in cryptocurrency; even if the news we hear is purely negative, they are just at ease and don't care.

    It's just that when they reach their target price value after a few years and plan to sell it, they will just go back to where they hid the bitcoin they bought and hold it. There is less pressure to be honest in this holdings strategy.

Long-term investors can do that because they have other means of getting money when they badly need it.
But if you are an investor who solely relies on your potential profit from this investment, for sure, you will check the market more often.
And you may possibly sell at a loss if you need the money and it is not yet right time for you to sell.
So as much as possible, if you will invest on this volatile market, make sure you are using your extra extra funds where you are no worried about its immediate return to your vault.
390  Economy / Speculation / Re: Bitcoin about to close at the highest price in 78 weeks! Looking strong!💪 on: October 30, 2023, 11:44:41 PM
Thats a great news btw. I think everyone must have loaded their bags already for the bull run. I can sense no one will sold their bags until halving days and few days after that.
Loading your bags with Bitcoin all because of the coming bull run is actually not making sense. Those who had done this in the previous bull run had actually re-entered having to buy again. This isn't the last bull run and Bitcoin isn't ending after this bull run.
The overall plan is that everyone should have a said price they want to sell off their bitcoin during the bull run. Don't keep on accumulating and hodling bitcoin without a price target of when to sell. We should all at least have a target price.

As for me, I am accumulating and hodling my bitcoin assets till the price gets to $100k. I will sell up to 80%  of my bitcoin holdings during the bull run and reinvest during the bearish market little by little.


Not many crypto holders can wait up until to $100k level, so you are lucky if you can wait for that price.
A lot have their short-term goals as they want to make profit as soon as they can.
And as much as possible, still it is advisable to buy with your extra funds, where you are not looking for immediate return of your investments.
391  Bitcoin / Bitcoin Discussion / Re: My little research. on: October 30, 2023, 11:00:00 PM
I have a little business that I am doing so far, and I would like to accept Bitcoin in my business, but I don't have enough ideas about Bitcoin. That's why I want to learn more, but truth be told, it's good to practice while learning.
While learning about Bitcoin, I will have to practice it little by little with the little money that I can afford.
Before you add bitcoin as an additional payment method for your business, is bitcoin fully legalized in your country, and the number of people in your locality are they fully aware of bitcoin and its payment method of spending more than fiat due to gas fees? This is what you have to check before accepting bitcoin as another payment method for your business.

If you have checked both questions I asked, and you are satisfied that bitcoin is legal in your country and people in your locality can pay with bitcoin despite the gas fees charges, you can go ahead and introduce bitcoin payment in your business  

Though it doesn't matter much if there are many people aware about bitcoin or crypto payment,
but I think, it is better to know the status of crypto in your country. So you won't be caught off guard if authorities will put sanctions in your business.
Because when it comes to adoption, some people will be curious once you posted it on your shop, and that's when they will start asking about it.
So in time, you will create awareness among your customers, this is why for me, it doesn't matter if the people know about crypto or not.
392  Economy / Gambling discussion / Re: Is the cash-out feature only available in sports bets? on: October 30, 2023, 10:06:23 PM

In poker, you can fold your card. That's kind of saving your money but you won't get a percentage back of them.

It doesn't make sense to add a cash-out feature in the in-house games, these are just win-or-lose games you can't just rethink and cancel your bet over dice or baccarat. You are wasting the time of the dealer/house in that case. If they can stomp your head online for doing it, they will.


This is why for me, you can mostly see the cash-out feature in sportsbetting particularly those events that are still far from the playdate.
For other casino games, there's no need for this feature as you can just stop whenever you want to.
As you said, you will only waste the time or resources of the site if they will employ this feature in their regular casino games.
393  Bitcoin / Bitcoin Discussion / Re: Looking back at the past, one of those statements gained respect over time. on: October 29, 2023, 11:30:10 AM
What is the point of crying over spilled milk? The man (like many others) realized what Bitcoin can do for him and he (allegedly used it), and now he is using his video to promote some tokens and shitcoins and people should believe him that what he is promoting today will be successful as what has BTC been successful in the past 10 years?

Besides, who says that these planes, yachts and whatnot are actually his? You shouldn't believe everything you see, and to me all this seems like just one big deception...

That is absolutely true, we can't trust anyone these days as more than likely he has personal motive why he's doing such move.
We also can't judge what we see on our own eyes as we don't know exactly the stories behind what we are seeing.
But in any case, we can never tell that what we predict today will be true in the near future.
We can only tell it afterwards, but you are lucky if what you are doing today will bear positive results later on.
394  Economy / Gambling discussion / Re: Spirituality and Betting - Do they Have any Connection? on: October 29, 2023, 11:08:38 AM
I think it is just a troll that are creating things like this to get attention, because he or she knows Christians and other religions do not want people to gamble. Some people just like to be controversial or they are just poking and making fun of religious people.  Roll Eyes

You see these guys in the casino chat channels, using God's name in vain or saying things controversial to get some reaction from the religious people....  Roll Eyes  .... the best thing will be to ignore them, because they get a kick out of it.... when you do react.  Roll Eyes

As we simply put it this way, religion has nothing to do with the outcome of your gambling.
But it is fine to have some personal beliefs applied to when you bet, but better keep it to yourself.
Maybe, we only need respect when it comes to these beliefs and just let people believe what they want.
As long as you are not making trouble to anyone, I guess, it is fine to practice such beliefs.
395  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a “safe haven asset” on: October 29, 2023, 10:17:18 AM
If you can hold Bitcoin for a long term investment then it will give you a huge amount of profit that will change your life. You can see this holder who hold Bitcoin from the beginning of the currency they have a huge amount of profit. In my opinion Bitcoin is the safest way to make money.

As far as Bitcoin periods are met, Bitcoin is probably the best investment asset beyond Gold. The only difference is that Gold is recognized by the Bitcoin world as not yet or not. But remember how volatile Bitcoin is, sometimes making losses. There is even another slam of fluctuation. Like theft, so even though it's safe there's a lot to understand in order for your Bitcoin to stay in your wallet. In addition, mental restraint and patience are sometimes very difficult to have.

Up until now, the high volatility is the reason why many are being attracted in this market.
Sure, we can see very lucrative gains thru the years, but we should look at the picture of holding it.
We can't always say that everyone can make huge profit as it depends on when they will sell it.
As we have different financial circumstances, we can't generalize this to all that we can sell when it is bullish, because some will sell at a loss if there's urgent need for cash.
396  Bitcoin / Bitcoin Discussion / Re: Whether Bitcoin ETFs are approved or not, we expect bullish trend on: October 29, 2023, 09:48:02 AM
In this situation, if Bitcoin ETF applications are not approved, will Bitcoin not be bullish? Only 2 months left of this year. We expect a potential halving event for Bitcoin in the coming year of 2024. If the Bitcoin ETF is not approved by this time, could we still see a bullish movement in Bitcoin price Until the Halving event ends?

Most probably the price will retraced since this recent pump is due to pure speculation about potential ETF approval of Blackrock. Bitcoin price is always sensitive to any hype or FUD news that makes it too volatile. Bitcoin price sudden jump from 27k to 30K with just a mere fake news from cointelegraph. This show how easy to manipulate the price in short term but i still believe that even with price retrace the Bitcoin rally will continue since Bitcoin halving is only few months aways.

ETF hype is just a stepping stone to one of the major event on Bitcoin that is consistent that giving hype the price in long term due to the increase on mining difficulty.

If you want to take advantage of this hype, you can always buy some for your stash.
As we can't stop this kind of vibe in the market, what we can do is observe and just go along, but still remember what needs to be done with our funds.
We have seen that ETF or not, this market is continuously growing and so with the demand. This is why it is no big deal anymore when it comes to approval of this application.
However, we can't totally ignore its impact in the market. Just don't have high expectations when it comes to estimating your assets.
397  Economy / Gambling discussion / Re: Anti-Gambling Tools on: October 29, 2023, 08:26:21 AM
First is discipline. I think that's the main factor in how you will control the gambling urge.
Accepting the loss. It's a fact that the house will always win so it would be better if we keep reminding ourselves that. We cannot win against the house unless we are super lucky.
Avoid chasing the loss. After accepting the loss you must also be aware that you might chase the losses, don't do that because the provably fair feature of any gambling site doesn't work like that. Once your funds are gone it doesn't mean they will give it back the same way. They will just give some but not everything. Again, you will need to be lucky for that to happen.

All this is regarding casino games because there's the house edge system. If you want, you can just switch to sports betting where it's easier to control the urge to bet.

That is true, our main enemy here is ourself. How we contain ourselves in front of those games.
So before you sit down and start your game, make sure you know your limits, time, money or other resources.
You need to understand that this is gambling, so it is not everyday that you will get lucky, most of the time you will go home as a loser.
398  Economy / Gambling discussion / Re: Greed or risk on: October 29, 2023, 06:12:31 AM
Definitely it’s subjective to be honest. It varies from person to person. I won’t say that it’s pure greed, as when the payout it high, definitely the game was in your favour. So it’s obvious that the gambler will take more risk to make the most profit out of it. It will be useless if you fear in the mid game and cash out the bet. Yes you are taking some risk here, but you need to understand that with the risk intake, the profit also increases. So according to me the gambler took the wise decision.

And if you are very sure about your bet, then, high likely that you will push this bet and not cash out.
You will only cash out if you have the feeling that you are gonna lose the next bet.
Of course, you can always cash out if your bet still allow you to do that, because in most cases, bookies won't allow you to cash out for certain period as the game is fast progressing.
Either decision on this matter is all yours - your money, your choice. So you don't have to worry about what will others will say to you on this regard.
399  Economy / Gambling discussion / Re: Winning Wisely: Strategies to Protect Your Bankroll on: October 28, 2023, 11:57:02 PM
Actually, the method you say makes a lot of sense, but if after understanding a little it means you put in all the budget you have but when the loss reaches 50% you decide to stop betting, is my understanding correct?
I have determined a gambling budget that can afford to lose, but if the bets are consistently losing then I will decide to stop betting if the loss reaches 50% because I am sure that day will not be lucky for me.
However, I don't expect gambling to earn extra income and I can control the emotional influence in gambling, so it is better for me to cut my losses by 50% than to lose everything.

Quote
Another question from me is if you lose 50% then you stop betting but what if you win? Will you withdraw everything or only withdraw 50%?
I will withdraw all winnings and only leave the initial budget for gambling, I will not increase the gambling budget even though I have won the jackpot, gambling will not guarantee winnings for the next betting session and if you lose control in gambling then the losses will be higher than your winnings gain from previous bets, therefore keep gambling responsibly and still anticipate high losses.

In both situations, each of us have different approach as it depends on various factors.
Your financial situation, your preferences at that time or your emotional standpoint.
This is why each gambler has their own decision on this matter because we have varying reasons on why you are betting in the first place.
400  Bitcoin / Bitcoin Discussion / Re: Have we seen the lowest low of this bear market? on: October 28, 2023, 11:44:44 PM
15k would be the lowest low because the price is now at 34k and it's still needs to break the multiple support levels to make another lowest low which is very impossible to happen in just a couple of weeks since I'm basing in the weekly time frame. So franky1 is right in saying that it only happens when there is underlying fault in the code. For me, I consider that 30k is a very strong support which is if there is a drastic drop in price, that's the only price it will go down.

Aside from that, World War III is impossible to happen because government will never benefit the war because no matter the result will only a waste of resources.

I can say that 30k level is a strong one for now, unless, as you said, there will be worst events that will happen in the months to come.
So for now, I don't think we will go back to 20k and below, but who knows, we can't be very sure in this market as one hard blow can make the market go down fast.
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