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381  Other / Meta / Re: Should Merit-Sources send merit based on their feelings or quality of the post? on: March 08, 2024, 03:55:47 PM
One truth is: the more you chase merits, the more the merits will escape you... let things happen, participate in the forum normally, always be here, the merits will come naturally.
I think your opinion is exectly! But we are always running behind the merit. We should be getting knowledge at first, after getting the proper knowledge the merit will run behind us.
I've read this story over and over again, but it is not particularly true. Many would chase after the merits but with quality posts and would get it, while others would not chase after it and have quality posts and would still not get it. Nonetheless, some with lesser quality posts would chase after the merits and get it even more, so what you said is though a general saying here. but it's not particularly true.

The merits distribution on this forum is so unexplainable, regardless, do your bit and leave the rest. Nonetheless, if you are writing quality posts, it will often attract merits no matter how little.
Exactly. Just do what you think is right, and if you think that certain post deserves a merit, then go. In the end, we all give merits based on our own analysis. Of course, some feelings are inevitable, so it could be that others give merits because there is positive feeling towards the owner of the post. But whatever it is, just mind your own. In the end, posts that are good and highly meaningful to other members deserve to be merited, although not all valuable posts are given the same opportunity.
382  Other / Archival / Re: Are investors investing in Bitcoin at ATH now are fools ? on: March 08, 2024, 11:26:04 AM
Are investors investing in Bitcoin at ATH now are fools ?  Is there chance of major correction from here as prices have already peaked now.

No one knows.  If history is any guide and if you have patience then it is a fine time to buy, particularly with the halving coming up in a few weeks.  The time to buy is when you can because you never know when you will need bitcoin.
It depends on your purpose. If you are buying bitcoin because you firmly believe that history will repeat itself and will reach a new all time high soon, then buying bitcoin at its high price is never a foolishness. However, if you are buying bitcoin because of hype and FOMO, yet you never made a research prior to investing, then you are being a fool in there. No matter how profitable the investment is, as long as you’re incapable to make it work and succeed, then you are not thinking smartly, but acting like a stupid investor.
383  Economy / Economics / Re: When luxury becomes a necessity. on: March 07, 2024, 11:25:30 PM
Have you bought something that people feel is rather too expensive and that you could have purchased a lower version of it? What was your inexperience like after that?

I once bought a Mac but it didn't make me more productive. I didn't understand the function of the Macintosh because I was used to Windows, so I chose to sell it again and buy a regular laptop that uses Windows. Additionally, when I use a mac, many of my friends think I'm "different" because I live in the countryside, which makes me uncomfortable.

So, I don't think luxury items will make us more productive, but the items we need will make us productive, whatever the price.
Its not on the quality of the item that makes us more productive, whether it’s luxurious or not, that won’t serves as the basis as productivity greatly relies with how we can manage and perform our task with great quality. I have not purchased ever since an expensive laptop but I still think I’m productive. As long as it’s capable to help you at you work, then there’s no problem actually even if you use an average price laptop.
384  Economy / Trading Discussion / Re: Trading Or Investing which one is better to focus on right now? on: March 07, 2024, 08:59:13 PM
I'm also trading some coins besides investing in them. I think it is easier to trade in thin bullish season. The price movement of most crypto coins tend to increase, it is easy to guess that they are increasing gradually. It is different than the bearish season, the price of crypto coins are very difficult to guess. It is because of the lack of the demand in bearish season.
It's easier to trade this season because everyone seems to be moving up. I guess the ones that are benefiting here are the futures traders but don't get it wrong as when the quick dump has happened, a billion has been liquidated in the market once again. That's why if you choose to be a chill investor, you don't have to get into such trades but your only trade is when you buy and when you want to sell because you've already made a profit. But if you're going to do this often, you're likely to lose more.
Trading will still be profitable with the current price. But I don’t think this is the best time to trade when you know that the price is still bound to move upward. For me, it’s a lot wiser if you keep doing DCA these days and do a one time selling when bull run comes, at least you will surely gain massive profits by that time. However, if you have the high potentials as a trader, then trade but only trade on the amount you’re comfortable of losing. Otherwise, you will only mess up with your funds and regret later on wishing you did not risk in trading this time.
385  Economy / Speculation / Re: Bitcoin price is rising faster and faster, It is time to Buy Bitcoin ! on: March 06, 2024, 11:29:24 PM
Bitcoin price is rising faster and faster, It is time to Buy Bitcoin now before it is too late !
Indeed, Bitcoin is used by many people to trade, whenever you want to buy it is certainly not an obstacle for all of us, it is an individual's right, regardless of whether the price of Bitcoin reaches $100-150k, basically the price of Bitcoin always increases and changes in price.

People's beliefs about Bitcoin vary, the point is, never forget to monitor Bitcoin price developments in the market at all times, the aim is not to lose, analyze, predict, Speculation and information about Bitcoin is important, Bitcoin has its own formula for users so that everything can be achieved well.
Just buy consistently and hold your coins patiently. Bitcoin price is very impressive as of today and it will continue to be like that as long as there’s still no market correction. However, speculating if bitcoin will reach its value $100k 6 months from now, I’m not totally sure but one thing is certain, bitcoin that time will have a very high value, if not close to $100k, then probably above $100k. So don’t entertain negativity in the market, but focus on the positivity that bitcoin will bring in the market.
386  Economy / Trading Discussion / Re: Isn't trading almost like gambling? on: March 05, 2024, 10:13:33 PM
Trading cannot be compared to gambling in any sense .It's a different concept that not only requires guessing , but need knowledge, experience, consistency and risk management. Maybe cause of looses associated with trading some sees it similar to gambling but to me there are totally different things.
Trading is different from gambling but as we may have it, there are people especially traders that are not ready to wait for there signal to click or wait for there strategy to meet all requirements before they go into the market. They always trade based on emotions and what there thought tells them. We need to know what we are doing and avoid unnecessary loses because decided to gamble rather than trading. The is huge money to be made I trading if we can be patient and wait for the market to sail.
Trading is clearly different from gambling, but if you are trading without knowledge and experience in the market, most likely you will end up trading like gambling. So don’t be a gambler, but perform as a real trader. Know the basics in trading, and build your own knowledge and skills, and as you go on trading, develop your special strategies that will make your trades worth the risk.

Know the importance of patience as well. Successful traders do not just succeed because they are knowledgeable and skillful, but also because they are highly patient to wait for the right timing to trade. They don’t trade for quick profits, they do trading only when the market is suitable to trade so that the probability to win is higher than losing their funds.
387  Economy / Gambling discussion / Re: [Boxing]: Taylor vs Catterall - April 27 on: March 04, 2024, 01:49:53 PM
ML odds for now,

Taylor - 1.70
Catterall - 2.08

So Josh is a slight favorite going into this fight. And even if he is coming from a lost, odd makers think that he can win against his rival. I think the odds will remain the same here and I don't see a wild swing and make Catterall the favorite here.

But in any case that fans knows that Taylor is way past his prime already, then a bet on Jack will be good this early.

Thanks for sharing the updated betting odds, you can also add it in the OP just for reference.

Well, that's a good suggestion, Taylor doesn't look the same anymore on his last fight, so even if Taylor beat Catterall on their last meeting, but it was a close one since it was a split decision win in favor of him. This rematch might probably favor Catterall here, so being on a slight underdog, I think I would take it any day. Both fighters still have more than a month before the day of the fight, so in case Catterall will win here, I'm pretty sure the fans will be expecting a trilogy, so it's good for boxing.
388  Economy / Gambling discussion / Re: 2024 NBA Season on: March 04, 2024, 01:09:34 PM

Scoring 40 thousand points is a truly incredible performance, it was a very valuable match for him. If LeBron James continues to play next season, he can break a new record as you say. He will probably want to play next season too. Yes, he has aged a lot, but he still has a great performance, we can say that there is still no basketball player as confident as him. No matter how old he is, he will always be better than many basketball players Smiley

I think he is waiting for Bronny to play with him in the NBA before he will retired. I really doubt that he will stop playing next season or in the near future since he can still play very solid on his page in any role that he wants. He is just not that aggressive anymore due to his age but his leadership makes his team solid because his teammates rely on him.

I believe we will see first him play as a bench player first like Kobe did before he finally retired. He can still perform much better to bunch of other team starter tho.

At this stage, we can't yet talk about the retirement of LeBron as he is still happy with what he is doing, making history and breaking records. As we can see, he can still play, and his statistics remain very impressive. Even some young star players now can't surpass his achievements every season, so there's no reason for people to consider him retiring. If his son is fortunate enough to be in the NBA, that would likely be the happiest moment of his life as a father. However, we know his son is nowhere near him, as LeBron is a freak of nature.
389  Economy / Gambling discussion / Re: Gambling Management on: March 04, 2024, 08:10:50 AM
Yes, because gambling cannot be used as a stable source of income, management becomes difficult.
Cannot? That tells it's impossible, I beg to disagree with that as I believe it's possible but chance of making ourselves successful is very slim. So let us not use the word cannot or impossible.

Are you being sarcastic here or you actually mean this? PythagoraZ wasn't talking about being successful in gambling but rather, he's talking about making it a stable means of income. Being successful in gambling is of course very possible but you can not definitely make it your stable source of income. The word "stable" means steady and continuous. Your winning in gambling is not always guaranteed no matter how expert you are, this automatically make it impossible for someone to rely on it as their source of income.

Of course, I'm not. Maybe we differ on the definition of stable because what I understand about stability in a gambling perspective is not winning daily or weekly, but at least you'll end up winning in the long run. Just like a casino, they don't win on a daily basis, but they win in the long run. I know it sounds impossible for most of us, but there are people I follow doing sports betting, which they call pros, and they are showing how profitable they are.

Sometimes they will have a losing streak, but since they have a decent bankroll to withstand that kind of situation, they were able to recover until, in the long run, they will still end up profitable. If you live within your means, I think you can survive with your gambling income, considering you are profitable.
390  Economy / Gambling discussion / Re: Gambling Management on: March 04, 2024, 06:22:24 AM
Yes, because gambling cannot be used as a stable source of income, management becomes difficult.
Cannot? That tells it's impossible, I beg to disagree with that as I believe it's possible but chance of making ourselves successful is very slim. So let us not use the word cannot or impossible.

One good way to manage gambling is to set a budget limit for gambling, such as 10% of your monthly salary or other percentage. We cannot determine how much profit we will get because there is no guarantee that we can win, therefore we need to determine spending limits because that can be determined

But it's best not to expect too much from gambling, because often we don't get wins but continuous losses which will worsen our financial condition

10% is not so high with low income people. honestly, I'd rather gamble using a decent bankroll on an occasional basis rather than doing it monthly with a bankroll that doesn't bring a lot of thrill in my gambling session. I find it a waste of time and I might only be wasting money even it's little by little.
391  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: March 03, 2024, 01:37:31 PM
The second game, by the way, is between Northport and Converge. These teams are just playing against each other with a little rest; the giant teams haven't come out yet, probably given enough time to rest as they finished late last season. SMB, Ginebra, Magnolia, and Phoenix, these teams haven't played yet.
Converge had 11 points lead after the first half. We might see the same scenario in the first game, so I think betting on Northport is the right play.

This might be different from the first game as Converge is slowly pulling away here. From an 11-point lead now up to 15 points. I guess Northport might be a little tired here, so I don't find it easy for them to come back from this huge deficit.

Tolentino is leading Northport, but with 15 points only, while on Converge, they have Stockton and Arana who scored 17 and 18 points, respectively. I would not take the high handicap here as it might only increase my losses. Guess we just have to finish watching this game and prepare to analyze the NBA games tomorrow. After this, PBA will resume on its normal schedule, which will start on Wednesday.

Wait a minute, this is not over yet as Northport had a big run in the 4th quarter. From a 15-point deficit, now it's only down to 5 points, and we have a ball game here. They might even get a win here; I'm optimistic. There's still plenty of time, so it's possible.

PBA games so far are very unpredictable; it's never over until the clock turns to zero. Good luck. I hope Converge will choke, or maybe we will see another overtime game tonight.

This is another surprising outcome. I thought that Converge already had control of the game, but they ended up losing. Another overtime game this season and I think this is the 3rd time already I witnessed an overtime game. Northport managed to beat Converge 104-112, just unbelievable. Are they rigging this? Grin

Anyway, great game by Tolentino who finished with 31 points despite his struggle from beyond the arc.
392  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: March 03, 2024, 11:35:25 AM
The second game, by the way, is between Northport and Converge. These teams are just playing against each other with a little rest; the giant teams haven't come out yet, probably given enough time to rest as they finished late last season. SMB, Ginebra, Magnolia, and Phoenix, these teams haven't played yet.
Converge had 11 points lead after the first half. We might see the same scenario in the first game, so I think betting on Northport is the right play.

This might be different from the first game as Converge is slowly pulling away here. From an 11-point lead now up to 15 points. I guess Northport might be a little tired here, so I don't find it easy for them to come back from this huge deficit.

Tolentino is leading Northport, but with 15 points only, while on Converge, they have Stockton and Arana who scored 17 and 18 points, respectively. I would not take the high handicap here as it might only increase my losses. Guess we just have to finish watching this game and prepare to analyze the NBA games tomorrow. After this, PBA will resume on its normal schedule, which will start on Wednesday.
393  Economy / Gambling discussion / Re: [Boxing] Jason Moloney vs Reymart Gaballo WBO Bantamweight Title (May 12) on: March 03, 2024, 10:58:22 AM
They should all learn from Manny's exercise to strengthen his body or abs, here is a young Pacquiao doing that hard training and it really pays off,

https://www.youtube.com/watch?v=gpcso_3tj7c

Hopefully Gaballo will somewhat stop the bleeding of Philippines losing in title fight. Ancajas was the recent victim. All advantage points to Moloney, but this is boxing and it can change everything with just one punch. And as per the poll, majority is seeing Reymart Gaballo to strong a knock out victory, could be biased voting though.

I think the training now is more advanced compared to the time of Pacman. It's just that Pacman is exceptional, so if you are just an ordinary boxer despite having very good training, you'll still end up being an ordinary fighter, although you have a chance to become a champion, but not like what Pacman had achieved in his career.

Gaballo is the next closest to reality in becoming a champion, but he is the underdog here, so we can't be sure if he'll upset the champion on his territory. To make it possible, he needs to ensure that he'll finish with a KO, otherwise, there's no assurance at all on the decision.
394  Other / Beginners & Help / Re: excited to join this forum on: March 02, 2024, 10:58:45 PM
Welcome onboard! The forum is a huge community wherein your can make friends with and share new and common ideas and insights. Just learn to enjoy the forum while you are taking small steps in learning. And be patient while exploring the forum. There’s a lot to learn as long as you keep the will and eagerness to learn. Take one step at a time and don’t be too rush in yourself for profits because where there are profits, knowledge and skills first should be given high emphasis. And lastly, stick with the rules. Only by then you can stay longer and become a trusted member in the forum.
395  Economy / Economics / Re: Beginner questions on: March 02, 2024, 08:59:45 PM
I get your point and you're worried about your money regardless the price low or high, if you're not bothered about the profit then the money you used in investing will still stand like you made mentioned of $250. There's not point exhibiting fear with the price of bitcoin except you have zero knowledge about bitcoin, when the price of bitcoin decrease there's still chance for the price to increase that's one thing you need to understand about bitcoin, the bull and bear market, as an investor who want to make profit will want to sell during the bull market. You should have a clearer meaning about bitcoin investment cause it seems you speak with doubt.
Bitcoin is a lot different from stocks. Bitcoin might drop into zero and you still have chances to grow it again by being patient while waiting for its price to recover. However, with stocks, if they end with no value, they will eventually become delisted in an exchange, thus losing your own investment more than you can imagine. If you lose $250 in stocks, you will never retrieve it again. But if you invest it in bitcoin, that will grow 5x or 10x from its amount if you are just capable of holding your investment for couple of years without being tempted to sell earlier.
396  Bitcoin / Bitcoin Discussion / Re: BTC profit taking strategies? on: March 02, 2024, 08:19:47 PM
Sounds like a really good profit taking strategy to me, you've got a target selling price and at the same time you're not selling all of it at once which is smart because that way, you can easily sell at more profit the next time or maybe even get some profit during the peak and not regret hodling for a long time and you're not wallet emptied when the price starts stabilizing then dumping again. I would've liked to recommend you to hold on to it and set a target price to sell but when you look at it, it's more logical to do this, make sure that you're ready for the transaction fees though, they're going to be really expensive during those times and probably it's even more expensive than the last time because there's ordinals now that's hitching on the network and just imagine what would happen when every retail investors are selling their bitcoins in droves in combination to this one, it's going to be a riot.
I believe as long as you never sell for losses, then your strategy will certainly work. Selling gradually while bitcoin price is on the surge helps you assure that you are making good returns every time you decide to sell. I cannot say it’s totally big but at least you have already taken advantage on the current price.

However, selling in time of bull run is more advisable because even bitcoin experts timing their bitcoin selling when a new all time high is present. But if you are more comfortable of doing that, as long as profits are there, I think that reason alone is good enough to say that you’re not losing but completely gaining good financial returns from your investment.
397  Economy / Gambling discussion / Re: Losing at gambling on: March 02, 2024, 01:50:58 PM
When everything's going well, it's cool. But sometimes (often?) money problems lead to divorce. Suppose your spouse/husband gambles a lot, his or her loss/profit ratio is acceptable (so it's fine), but then one day he or she has bet it all and lost it all. You've got nothing left (and no savings either). What's your reaction? Has this ever happened to you?
Divorce might be easy in other countries, but in our country, it's not. We are taught that marriage binds two people together forever. So, if that were to happen, I think I would be able to forgive my wife. If she is truly sorry, she will change, and I will support her to recover and learn from that mistake.

In our family, I am the one who is more into gambling, and like typical gamblers, I have also experienced losing a lot of money, more than what I can afford to lose. However, it's never reached the level where I've lost all my savings because of gambling. My problem wasn't the worst, but my wife is there to understand me, so I would do the same for her.
398  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: March 02, 2024, 12:59:57 PM
It seems like no one is talking about the games today.

The first game is over, with the bossing winning again as they beat TNT by 11 points (87-76). Currently, we have the Rain or Shine and the Meralco Bolts, and it's looking good for Meralco as they are leading after the first half. They are aiming for a bounce back after the loss in the opening.

The score is 42-49 in favor of Meralco. Anyone here interested in taking a higher risk by betting on ROS to win?

Another overtime game; last night, NLEX vs. Northport went to overtime, and now we have this game. It's never safe to have a good lead because any team can have a good run and bring the game to OT. I'm afraid that Meralco will lose again; that could really trigger trading Newsome.

Good thing they were able to survive. the Bolts are leading by 3 points, and Maliksi is on the free-throw line now for 2 shot attempts. He missed the first attempt but made the second. With 7.5 seconds left, let's see what will be the strategy of ROS coming from the timeout because if they make a 3, they are still down by 1 point. I think Meralco is the favorite in betting, so most likely, they will not cover the spread.

121-117 is the final score ( not sure what was the point spread for Meralco).
399  Bitcoin / Bitcoin Discussion / Re: Bitcoin proven many times holders won't regret on: March 01, 2024, 10:58:24 PM
The only set of people that are ever going to lose in this bitcoin game are those who sell when the time is not yet right. I mean, those who bought at a high price, but due to market conditions, out of fear, they sold out their holdings and ended up recording losses. 
 
No matter how much one ends up buying bitcoin, it's never going to lead to regrets. As long as the person in question bought the bitcoin with a small amount of his assets and can hold it for a very long period of time, they will eventually reap the fruit of their holdings. It's just a matter of time, which might seem to be taking forever, but with time they will gradually get to when they will take profit from their holdings.
The fact that you chose bitcoin over altcoins and shitcoins, that thought alone is not regrettable at all. Just  patiently hold your bitcoin and never be attracted to FUDs and FOMO in the market so you won’t end up losing your future profits. Bitcoin is for long term while altcoins are for short term, if you internalized this, you will never regretting hodling bitcoin. But set your target selling price of course so you won’t stay hodling for the rest of your life.
400  Economy / Speculation / Re: Dont sell because you feel like selling, give it another thought. on: March 01, 2024, 08:59:09 PM
When we are making an investment, we must have a focus on a particular direction on what we are doing, same also applies to when we are planning to make sell, we have to know that the particular time we are selling is profitable for us to release at the moment or not, I've learnt that we cannot just engage doing anything on our own without having any direction toward a plan for it.
Setting a plan is a must before we will engage into any form of investment, most likely if it’s about long term investment. While we need to put a lot of thinking into the potential coins we are going to buy, same also applies into setting a target selling price. The best time of selling is during a bull run, but it does not mean that you have to sell all at once. Sell only a portion of bitcoin and if you’re not actually needing huge funds, then just continue hodling while waiting for another bull run to experience massive profits again.

However, if you are facing financial shortage, then it’s never a wrong idea to sell all your coins in order to make financial gains. Your money, your rules. But make sure to invest again when you are more capable enough and have earned sufficient funds already to buy bitcoin most especially in the bearish market.
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