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Yes, we should follow the trend and like you mentioned, the "digital economy" should be welcomed (by this I am assuming you meant using crypto currencies, right). But we shouldn't be doing that blindly. Follow trends blindly, and you will end up putting yourself in danger. Look at how many people lose money everyday because of the "meme trend" that comes and goes. And by trend if you also mean "new development", you should know that it is not always good. There are bad trends/developments too. We need to figure out what the trend is about first, make changes and then adapt it. The same goes with crypto currencies. It is not completely perfect right now. There are lots of flaws here and there. We need to first fix those, find solution and then slowly make it something "normal" in our daily life. We can't just replace fiat paper money nor can everyone jump into crypto currencies yet.
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Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances. That's true trading bears such risk but that should not stop you from trying. In as much as there are successful traders you too can be successful in trading. It all starts with your passion, it has been made known by Napoleon Hill a popular writer, famous for the book think and grow rich, that desire is the starting point of all success.
Knowing how to trade would only get you that far, but not j to the realm of successful traders. It takes a whole lot of desire to win, persistence and consistency to be a successful trader. So I assure that anyone who wants to be a successful trader can be by pursuing with passion.
Also Statistics shows that we have more Bitcoin traders than investors. And this is because most persons prefer to take the short term benefit of trading the volatility of bitcoin. Don't limit yourself to just being passionate about bitcoin. Start something with the knowledge. At least if your not into bitcoin as a means of payment, store of value, investment then being a trader could help.
Merry Christmas 🎅 🎄 to you all.
Sure, but its not for everyone. Like you said, people needs to be very patient and "know" how the market works. There are newbie traders when they see that the price has dropped, they start panicking or don't know what to do and ends up selling at loss. Few minutes later, they see the price go back up again, and then they buy high, in the process losing even more money. Though yeah, its true that it is easy to say "buy high sell low" but in reality, its much harder to execute it. Most traders lose hope and then there are those kind of traders that don't want to learn from their mistake. They keep repeating the same mistake and end up getting exhausted. Every trade is an "experience" and there is something to learn from it. |
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I always hear stories of friends who always lose playing online gambling. I don't know what his purpose to tell his story to me. even it's clear, his story makes him look stupid.
Besides that, in another place, Many young people around to me still play slot gambling even don't have a job and always lose. I wonder where they get the money for deposits? and why they repeat that?. I don't know what the reason reason that doesn't bother them, they should have given up, and changed the game that makes them profitable. if I always lose in the game, I will change the type of game, example If I always lose on a slot, I will change the type of game like sports betting until my capital is back and try the luck again to the slot.
Totally, people keep gambling becausse they're hooked on the hope of a big win, especially with those flashy slots making even small wins feel huge (don't tell me those animations and sounds don't make you feel like you are winning something or are going to win something big...). They fall for the gambler's fallacy, thinking a win must be coming after a bunch of losses, but that's not how luck works. Plus, hearing about others big wins keeps that dream of getting rich overnight alive. It's not just about the money; it's the adrenaline rush, which can be super addictive. We have to remember, each game's a fresh roll of the dice and is not related to your previous win/loss nor can you beat the house in the long run. |
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Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?
It's not true. You don't have to lose anything to "gain" something from bitcoin investment. Your friends shouldn't be giving anyone crypto trading advices since they don't even know what they are saying. You should remember that as long as you aren't selling when at loss, you aren't losing anything. You still hold the same amount of coins that you held before the price went down. If you keep holding, the price will eventually recover and you will be in profit again. Even if you do lose money because you sold, think of it as a "experience/lesson". So you didn't actually lose anything but gained some knowledge. And people say bitcoin isn't for those who can't afford, is because of the volatility of the currency. They might need the money they invested anytime and will have to end up selling at loss during emergency. |
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You got it right but the most important and key step from all those points is having priorities. One must set proper priorities on their expenses. Most people fail to create a "budget" plan and remains broke by the end of the month just because of spending money on things they could have "lived" without. They give priorities to "useless" things and then they end up struggling to pay their bills. If paying bills is your priority, pay that first. If paying your debts is your next priority, then do that. "Saving" can also be a priority. After you are done saving, the rest of the money that is left is yours to spend on anything you want. Budgeting is not as complicated as people thing. As long as they keep themselves organized and spends responsibly, they will always be able to follow their budgets.
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Currently, the withdrawal fee are 0.0008 btc, which is too high. What sould I do? I can't leave my btc on Binance, feeling kind of unsafe.
Thank you!
Nothing much you can do if you wish to withdraw bitcoin from the exchange. There is a fixed exchange fee plus the network fee which right now is very high. If the coin doesn't matter, then you can trade your coins for some other coins that has lower withdrawal fee such as BNB or dogecoin and transfer it to a wallet that you own. You can convert it to a stable coin like others suggested, but make sure to use a cheaper network like Tron. But if you still insist in holding bitcoin, then just hold the amount in the exchange. Since you can't pay the 0.0008 BTC, I am assuming that the amount of BTC you hold is very small. In that case, paying the fee doesn't make any sense at all. |
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I don't know if this has been discussed before or not.
Reading about gambling addiction I don't think it's a new topic, but fitting to be in here, I just want to ask: between casino gambling, in-house gambling, and one-on-one gambling with physical players available on the table, which among these is more likely to turn someone into a gambling addict if the person doesn't have self-control in all his gambling activities?
Now are days I see much or all this in house gamblers becoming addicted and acting weird over gambling results, and walking down into some betting shop, you will see most of those gamblers spending their whole day in the gambling shop, which made me have the above question. I know any form of gambling can produce gambling addicts, but among all, there is one that is most common, which is what I want to hear from others.
I don't think there is a "specific" type of gambling that's more addictive than the other. It really goes down to personal preferences and what triggers the gambling urge in an individual. But just like a drug addict might not be picky about their substance of choice, a gambling addict could be drawn to any form of gambling that's accessible to them. However, yeah, there are some types of gambling that are designed to be particularly "enticing". Look at the Slot machines. They often feature captivating sounds/music, and animations that create an exciting atmosphere for the gamblers. They also give players the illusion of "near-wins" and make them feel like they're just close to winning a big jackpot, encouraging them to keep playing. |
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It been a big challenge in most country since the fuel subsidy and bad economy some country are facing.A lot of people find it difficult to feed themselves and families, Now it Christmas season alot of people don’t have transport to go their various stats due to the high cost of transportation, bad road and insecurities in some nation, some many lose intrest. As a good country the government should have free bus for less privileged to travel home for season like this.that why cryptocurrency should be taught free to individual with serious mind, with the rate of overpopulation and poverty in the country it something everyone or most people suppose to learn because the world is going digital and our currency is not appreciating compared to other currencies and the value is so low.that why am suggesting that Bitcoin and altcoin should be taught free of charge and the knowledge should be pass to the younger ones since they are the leader of tomorrow let see how it can reduce the rate of poverty or eradicate poverty entirely in every Nation. The world is suffering and Bitcoin should be introduced in every nation and should be freely
Not sure what does poverty have to do with crypto currencies. It's true Bitcoin and other cryptocurrencies can provide new opportunities, but it is for "investors" that can afford to invest in such highly risky volatile currencies. If you are suffering from poverty, crypto currency investment isn't for you. The only thing I can see crypto currencies helping in terms of financial aspects, is a "bank" for the unbanked people. But that won't magically remove poverty from their life. Bitcoin allows people to have control over their own "money" without needing a traditional bank. This can be a big deal in places where banking services are limited or non-existent. It does makes it easier for people to receive payments from anywhere in the world, potentially opening up new "job opportunities" from all around the world. |
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Don't be deceived, not every gamblers who actually claims that they won really won.
Some falsefully speculates that they won just because they want to pave an ease to those who has been advising them to quit or limits gambling simply because the gambler has been unlucky to win instead he keep betting over and over without a good bankroll management in their gambling carriers.
They basically do this because they feels disturbed and inconveniences of the people's opinions and advices towards the gamblers unprofitable gambling experiences
You mean there are gamblers that are saying that they are winning and in profit but actually they aren't? And they do this so that other people don't "judge" him or think that he is losing all his money. Yeah, I guess there are some addicts that are "ashamed" of their losses and ends up lying to people. Or like you mentioned, they don't want to hear the truth which is everyone eventually ends up with a loss. And then they might be lying in order to "borrow" some people from people with the promise of returning them the borrowed money with the profit. |
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My wife was contacted from out of the blue. She is a Realtor. The person claims to be shopping for a 4 million dollar house. He later raises the amount to 6 million. My wife learns he earns his living trading bitcoin. He calls himself Mr Li. Over a few months the relationship continues but Mr Li lives in LA. We are in Scottsdale, AZ. He has spken by phone once and shares an email. He only wants to communicate by using snap chat. A month or so ago my wife got into a trade of say $500 and made profit. She did this a few times with Mr Li helping. He tells her the exact time to deposit or whatever they do to transact a deal. Weeks later he tells he she should increase the size of her investment. My wife has a bitcoin account. She tells me the process is to deposit US currency that converts to coin. Then trade. Then convert from coin to US currency. I guess Mr Li co-invests with her. The most recent time the initial investment was valued at $44K. Three trades were made on a specific date and time. Mr Li would send screen shots with markups from him as directions of what to do.
It really does not matter how much of these details I remember (I can get them cleaned up later), it's the process I want to validate. Apparently this trade event was so successful that when the money was deposited into the account, it was help by the conversion company under suspicion of fraud because there was nearly $77K profit made above a smaller beginning amount. NEXT- The party holding the funds until verified says that Mr Li and my wife need to deposit another $22,200 into the account to equal 20% of the balance for 3 days, then all money will be restored to the original account for withdrawal. With this, I am telling her no way. Scam alert. So Mr li deposits all but the last $3500 with over $42K of his personal money investment at rsik for loss by today. Original deadline was 6 days ago. Do any of these proceedures make sense? Wife claims all is done by her alone as far as creating proper crypto accounts, Tether accounts. The emails from the holding company are not grammatically correct and without a signature or contact line. Advice to my innocent but well meaning wife would be?.....
Of course it's a scam. A typical one in fact. They first give you those "profits". They gain your trust by showing your screenshots of their "activities" and the "profits" they are earning and sharing with you. I am sure when giving her the profit, if your wife ever wanted to exit and take her capital with her, they will deny it or make "excuses". That "Mr Li" and the "company" they are using for trading and actually the "same group of person". A company will never tell you to deposit more money to release your funds or clear you of suspicious activity. It makes no sense at all. The only advice to your innocent but well meaning wife would be never to make a financial deals with random person on the internet and that making money is never easy. |
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Hello guys, I have heard many stories when person was playing casino games, for example person was playing slots and managed to win a huge jackpot, 100 thousand or up to a million but casino didn't give him his winning because they said slot had bugs and they can't give away money because person won through a buggy slots.
I have never seen a case when casino called player for a refund because slot had bugs. What happens if you think that slot has bugs and that's why you lose? If we follow logic, since casino can deny your winning because they think that game has bugs, you should have right to ask for slots inspect if you lose a lot. Doesn't this make sense? I think it makes but I want to know if you had similar experience or if something similar has happened in history ever.
Most of the time it is some sort of "visual" bug. In that case, I doubt you will receive any refund because of the bugs. But if the casino slot did actually have any bugs, I doubt they will refund all the players that have lost their money due to the bug. But if the person has some sort of video proof of them playing and being affected by the bug, then yes, most likely he will receive refund, but the process won't be easy for him. They won't do it instantly unless he fights for it. Oh like you mentioned, their terms and conditions always says that they can "deny your winnings", but it never states they will refund your losses due to a bug... |
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I was reading some comments on line today and a story caught my attention, and I want to know how possible this is.
A guy claimed he won $5000 on a poker machine and that's where his addiction began, and when it get to the point that he lost his rent money to gambling he decide to take matters in his one way.
He proceeded by going to gaming commission and had his name banned by himself, ( Someone please tell me how this is possible?) never seen such in my country before. he claimed he still go back to casinos at times and he knew he can't ever win big again, because his name was flagged in the system, and if he win big they won't pay him.
He said he was limited to winning $200, that anymore than this he would have to sign his name and be subject to prosecution for trespassing. He claimed his move took his joy out from gambling real fast, and now he haven't been near a casino in over 10 years.
What do you think? This is an insanely move on oneself to stop addiction, something done right? Would you do the same if such is possible in your country?
So you friend won $5,000, got addicted, lost everything he had, got himself banned from casinos in his country, and now he is still allowed to gamble but can't take home any winnings except up to $200. This seems to be the most stupidest rule I have seen. Whoever made that "law" or "rule" in your country made it in such a way that they can still take advantage of the gamblers. In other words, a predatory rule where they take advantage of gamblers. A real gambling addict would still go and gamble to that $200. Why doesn't the gaming comission just ban him for life? If he tries to enter any casino, they will just deny him access. That's it! |
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Yeah you read the question correctly.
I got this taught while involved in discussion with some of my friend today, it was round of friends and we were practically catching up after some old memories in high school so discussion led to discussion and the issue of regretting to ever knowing how to gamble came up and believe me it was a very serious issue as one of my friend was practically blaming the other for the whole problem is currently going through right now as he constantly gambles his money away and at what avail? was the question being asked to the friend who actually inviting him to a gambling house during highschool. The matter looks childish at first because the whole table of friends there were all gamblers including myself but we all never reached the height of complaining or blaming someone for our gambling ethics.
So I was wondering if some folks here too feel the same way or it was just a matter of grudge and hatred for the particular fellow to stir up such arguement.
I don't think there is anything to "regret" to know about gambling. I mean, everyone takes some sort of risks or "gambles" in their. Be it money, or something else, but they do gamble. And I don't think in the current age/time, there is no way you "cannot" know about gambling. Even video games now a days promotes some sort of gambling through "loot box" microtransactions. You know about different kinds of "crime" but you never commit those crimes. It's the same in the case of gambling. There is nothing to "regret" about as long as you know how to control yourself and not affecting others. If you think gambling is affecting you, then go get help. |
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You need capital for that. And in order to have capital, you need to find a job and start saving. Sure it is better, but the risk involved here is higher. There will be no "stability" in your income if you don't have a job. There might be a chance where the job that you "created" might end up failing. So it is better to have a job as a back up plan. Also while you work, you might also learn a thing or two on how to run a business or a company. Once you have saved enough, you can take the risk. And it is true, if you are able to form a business and it takes off, you will be doing much better than the job you had before. Watch others, learn first and then start one of your own.
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Average person don't have access to capital flow.
And cryptocurrency should be working that way like the average person so everybody can have access to capital and make wealthy themselfes and family.
Now If you go to the bank to ask money even If they see you have good skills good knowledge they still don't give you If you not meet the criteria of requirements.
But to meet with those requirements it's allmost impossible. (The game is rigged)
And even If you get the funds you pay back with high % you end up just working for those who got money it's humilation but all they have done is just they been born into right family the upper class to get good education so they can be privileged and If you meet with them and talk many of them they are not genius at all but what they have in common is that they want to get profit from someone else hard work and they can do that only because they are the very few people who got access to capital and most of the people don't.
I happened to watch "dragon den" show i see that people there they acting like big hedge funds does it so they just looking for people who want to be working for them for just little money what they offering so all those talented people will do the hard work and top on that they agree to get humilated on tv and then they will be working for capitalists, it's always easy to do business If you have access to capital and money that's the key to keep you poor.
With cryptocurrency everybody can access to endless liquity and finances and that's nice the average person without education or even financial background can earn money here without rigged rules or restrictions.
Let's cut the long story short the system doesn't serve us the way we can be wealthy.
Cryptocurrency is here no restrictions no limits and only your imagination how much you can earn.
Not sure what exactly you are trying to proof here. Banks won't lend you or give you money if they know you won't be able to return the money. No matter how much "skills" or "knowledge" you have, they won't take the risk. What if you fail to return the money despite having all those knowledge and experience? And yes, if they are giving you money, you have to pay them with interest. No reason for them to lend you free money. -snip-
With cryptocurrency everybody can access to endless liquity and finances and that's nice the average person without education or even financial background can earn money here without rigged rules or restrictions.
-snip-
That's not true. How do you have excess to "endless liquitiy and finances"? No one is going to give you free coins. How is crypto going to help you earn money? Also, even if someone does lend you money, they will ask for collaterals and also a high % interest in return. |
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We have cryptocurrency you still use Banks ?
The bank online many times not working slow Also i want to transfer fast to Canada to russia i cant do that or india to USA i cant do that i need instantly.
Also i asked money my bank dont give so If the bank don't help me to get rich then i dont need them.
Do you still use Banks ? Im using only cryptocurrency debit cards and they always work better than bank.
So Im still surprised If anyone still use Banks they are old
Do you use more crypto or banks for your daily or average transactions ?
Do you have had problems with hackers or someone steal money from your cryptocurrency or bank
Do you think banks not working reliable any more ?
I teach all my family to use cryptocurrency becouse i dont trust Banks and i think If you can tell your bank mind your business you are scam i told my bank If you not give me loans or credit i dont need you and i close it
Of course almost everyone still uses bank even though there are crypto currencies. We can't stop using banks anytime soon. Maybe not in the next few decades. Most places and merchants all around the work still uses fiat currency. Very few shops or services right now accept crypto currencies. Even if they do accept cryptos, they instantly converts it to fiat currency so that the volatility doesn't affect their business. We aren't yet ready to completely shift from bank/fiat currencies to crypto currencies. That would be a huge change. -snip-
Im using only cryptocurrency debit cards and they always work better than bank.
-snip-
So you aren't actually using crypto currencies. You are still using fiat currency to make transactions. And how does your "debit card" works better than the bank? The card you are using is still the same card a bank would provide you with. |
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Yeah, sure this platform can be a good way to "look for jobs". But if you are talking about signature and bounty campaigns, then no. Don't rely on those campaigns to make your living. Maybe you might be able to earn enough to pay your bills but what are you going to do when the campaign ends? it's always better to have a backup. Moreover, lots of bounty program ends up scamming people. You work for them for months and in the end you receive nothing. The best way to earn here is by selling your skills. If you are good at something, head over to the marketplace board and start selling your knowledge and skills. You won't just be earning well, but also be able to develop your skills further that will help you secure better jobs in the future.
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If you're not yet familiar with the situation, Binance only have 90 days to operate in my country (the Philippines) and given that I've stored my hoard of bitcoin there for a long time already, I'm a bit panicky as to where I should store it (ironic that I'm like that when I'm a staunch believer that I don't care if I lose my bitcoins) so my question is, what alternative wallet or exchanges I can store my bitcoins, wallets would be appreciated and some of my irl crypto friends already recommended me two wallets and an exchange and hopefully they're going to be the same as your recommendations so I can finalize my decision.
Another country where Binance is operating without license and is not getting forced to shutdown, I guess? If that's the case, I am sure Binance might temporarily halt service in your country and will eventually resume after obtaining proper license. But why are you holding your bitcoin in an exchange? You are risking yourself of losing all your funds. I know you said you don't care, but if the amount is large enough, you will start caring when you won't be able to access your funds. Now is the perfect time to move your funds from an exchange to a "self custodial wallet". Now do your research on those kinds of wallet and chose the one that you think is the best. |
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Let's talk about the king solution of keeping your Bitcoin safe, which to me is the airgapped hardware wallets but is it safe to say that they are 100% safe? I think the answer is no..
What and what is likely to go wrong with airgapped hardware wallets?
1. Cord connection: data can still be transmitted when connecting the hardware wallet to your PC.
2. SD Card: some comes with Sd card option for updating the hardware wallet, but I am not sure that using Sd card can always be safe either, I remember those days where I use to buy lots of Sd card because they have issues easily and also they get viruses easily. Old Symbian and Android users here?
3. QR Codes: honesty, QR codes are not readable by the eye, they comes with blocks like figures, there is no way to know what's written in that QR code anyway, there is no way to read it and know what kind of data is inside it.
4. You still have to rely on the company for future safetiness of the hardware wallet in terms of software updates, if someone hackers find a way to alter the upcoming update file you know what could happen.
The only healthy solution is to understand that there is no guarantee in crypto, risk only what you can afford to lose, even after every thing, something can still always go wrong.
You can limit the risk by choosing to not connect your hardware wallet to your PC or any PC for updates, use sdcards instead, but make sure you use a brand new Sdcard for your updates, once you use one for update today, store in a safe place simply for your hardware wallet updates only, do not use for saving files or downloading.
Do not scan QR code you find online, only scan when paying to another crypto wallet or you want to sell your BTC on an exchange, QR codes can come with malicious things too.
As for the software update from the companies, pray that nothing bad comes up from their side, I still strongly believe that they are the only thing that can easily messed up hardware wallet security.
Stay safe out there kings and happy holiday 🎅
Not sure what your title has to do with the actual post. Was expecting you to talk about risking money that you won't need in the future. But it looks more like you are talking about how hardware wallets can be risky in different way. Fixing the title would be better. As for the risk associated with the hardware ware wallets, we can't deny any of those, but it is still better than using any software wallets. True, all hardwares might eventually fail, but modern technologies have extended the hardware lifecycles and we can use it for decades without any issue. Just make sure to make multiple backed after few years to be on the safer side. And you also seem to be worried about some "malicious" software update that might compromise your wallet. As far as I know most of the hardware wallets uses open source software and firmwares. So if something fishy is going on, people will know. |
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-snip-
You take a currency that requires 21 days for staking/unstaking, then you deposit this amount in Atomic Wallet, stake it and then you can't gamble with the crypto you're holding.
The locking (staking) is done with one single click of a button, and it's practically speaking, equivalent to activation of self-exclusion on an online gambling site with a click of a button (and yet not all sites offer it unfortunately).
For example, you stake (lock) $200 of your crypto, and that's all crypto available for you - then you can't play/gamble/risk it for at least 21 days ... do it 15 times a year time after time, and you would be excluded for a long time.
The only drawback with this method is Atomic doesn't offer this on USDT so some "gamblers" might not like this idea because they trust stablecoins more than other crypto coins, but this is FYI.
So you are saying the only way to do is by locking your coins by staking it on the network? That's one way, but I that doesn't "stop" you from gambling. You could by more coins, and deposit and start gambling again... And once the coins that you have staked and the locking period is over, you will be gambling with those too. So you actually end up gambling and losing more money. Not the best way to "self exclude" from an anonymous casino. And like you have mentioned, if they use other currencies, they won't be able to lock it. The only way to stop gambling if you are addicted is to get professional help. |
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