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401  Economy / Gambling discussion / Re: An Unusual Story that Reflects the Current Gambling Addiction Reality on: February 26, 2024, 06:30:05 PM
This short story reflects the current reality we live in.
The helper's reaction might be due to experience. Maybe she has had a case where money given offered for a particular purpose was used for gambling. I also think that she did the right thing because it would be better to give the money to the sick person than any other person. After all, the sufferer will maximize the money.

Just like other forms of addiction like drugs, alcohol, sex, and others, gambling addiction could lead to loss of funds that would have been used for other important purposes. I know a man whose wife receives his salary from his workplace because of his alcohol addiction. His employer decided to give his wife because he would waste all the money before he got home after receiving his pay. We live in a society where unfavorable economic conditions are forcing people to engage in unhealthy practices which include uncontrollable gambling habits.

It is also believed that women are more prudent with funds and will unlikely engage in gambling activities. The majority of gamblers in my area are male, which means it will be ideal to give funds to women if you don't want them to be used for gaming.
402  Economy / Speculation / Re: Can we see BTC at ATH before the year ends? on: February 26, 2024, 06:07:33 PM
I've watched BTC go from 23k to 52800 currently and with reports stating BTC outflows from exchanges rising to 8months HIGH, do you think BTC will hit ATH this year?
https://coinmarketcap.com/community/articles/65db377c13c6094f48999ba4/
Every bull run has some unique experience or occurrence. This current bull run is surrounded by the process and final approval of the spot Bitcoin ETF in the US. It will be difficult predict the price of Bitcoin or when it will get to the next ATH but based on the Bitcoin cycle it might happen at the end of this year or early next year. The golden rule still is to have a long-term plan and invest what you can afford to live without.
403  Other / Beginners & Help / Re: Learn how to read crypto market charts on: February 24, 2024, 08:22:53 PM
Code:
DYOR
All these won't be necessary for a long term holder so I will replace your quote with
Code:
HODL
. a long term holder have no reason to learn about market movement or charts although no knowledge is wasted you can just glance through it but there no need to stress on it. Only a short term trader would really need to know more about the charts and market movement.
I don't expect this from you dude, why would you just conclude that a market holder do not need understand this basic about how the market moves. We don't need to be a blind holder per say, we need to keep utilizing new strategy to know when to buy and when not to buy.
There are many mistakes most holders mostly make because they do not understand the market at all.
I would not advise someone to invest in Bitcoin when they don't know when to buy and when the market is overbought and about to dip.
This basic knowledge is important for us to understand the market behavior and determine how we are going to trade in the market. This just a shallow knowledge about the market.
There is a saying that no knowledge is a waste, which means I agree that it will be beneficial to know the basics of graphs concerning market movements. But I understand what Hatchy is saying about long-term holders not needing these daily updates about Bitcoin market movements. Many long-term Bitcoiners have more than one year of investment plans, so it will be a waste of time to monitor the market daily. Daily movement of the market is irrelevant to them because regardless of what the position is, they are sticking to the plans. It is good to learn about these graphs but I think it will be more beneficial for traders and short-term crypto investors.
404  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: February 24, 2024, 07:57:00 PM
I never imagined that Manchester United would perform so badly, Manchester United team was at number 6 in the points table. But Manchester United attacked a lot but could not succeed in the last minute. But the players of Fulham team are very aggressive, the ball was under the control of Manchester United for most of the whole match. But 57% said Manchester United was in control and the remaining 43% were in favor of Fulham. In particular, Manchester United shot 21 shots at the goal post, and Fulham team shot 17 shots at the goal post. But Manchester United could not win
Manchester United have shown again that they are inconsistent this season. Most bettors in my area predicted an easy win for United considering that Fulham have won just one match in eight games in all competition. While United have had four straight wins in the Premiership. The problem with the Red Devils is the inability to convert goalscoring chances. They had nine shots on target and scored only one goal through a defender. Fulham was just able to seize the opportunity they had to grab these important three.

Alex Iwobi got the winner and it will be a big consolation to the midfielder who faced a lot of criticism due to his perceived poor performance in the African Nations Cup. He went through a harsh cyberbullying that made him consider retiring from the national team. Another Nigerian Calvin Bassey also got a goal which is a good thing for the defender who had a good outing in the AFCON..
405  Bitcoin / Legal / Re: Frankfurt chosen as headquarters for new EU anti-money laundering authority over on: February 24, 2024, 07:27:35 PM
https://www.theblock.co/post/278758/frankfurt-amla-crypto?
"The Council of the European Union and the European Parliament representatives agreed that AMLA will be based in Frankfurt.
AMLA will directly oversee the crypto sector, among other things.

Representatives from the Council of the European Union and the European Parliament reached a consensus on the location for the headquarters of the new European authority for anti-money laundering and countering terrorist financing on Thursday, determining that AMLA, the organization, will be based in Frankfurt, Germany."
The location of this the Headquarters of the EU anti-money laundering and countering terrorist financing authority is not relevant to me, all I want is for them to go after bad actors in the crypto space while genuine players should be given the freedom to engage in financial transactions without any restrictions. Genuine actors should not be allowed to suffer because the system has few bad actors. It is not strange that Germany was chosen as the location because the country has the largest economy in Europe.
406  Bitcoin / Bitcoin Discussion / Re: Please stop blaming "the government" for lack of Bitcoin mass payment adoption on: February 24, 2024, 07:12:53 PM
Bitcoin is not trying to replace the status quo of financial transactions. It kinda began with that motto, but scaling issues didn't take a long time to appear.

What Bitcoin is trying to replace, at least from my perspective, is a sociopolitically vulnerable monetary system where the state intervenes and monopolizes money creation. In this new monetary system, people's money is not devaluated due to a few senators' decisions. It does not belong to a government and is fully transparent.

That's what Bitcoin trying to replace. (And of course, peer-to-peer cash via the Internet rocks!)
This is exactly what is happening in my country where the government wants to control the currency and amount every citizen has in their accounts. The government is forcing the people to use the local currency while they are well aware that the local money is losing value. Bitcoin has helped many of us to keep our money safe from this authoritarian policy.

Bitcoin has also created alternatives for hedging against inflation. Before now people used precious stones like gold and silver to protect their money from losing value during inflation. Bitcoin is now the leading hedge against inflation and many people in my location are adopting it.
407  Other / Off-topic / Re: Don’t play gambling with drugs or in half sleep on: February 23, 2024, 05:54:04 PM
In general dont gamble when you are not fully able to control yourself.
It is not limited to drugs or alcohol, but it can be in other situation as your have mentioned half sleep or other thing is like when we are emotionally bad due to personal issue such as relationship, jobs, or something else.
Controlling ourselves is important, it should be done before, during and after the gambling session to be better.
Some people may have good control before start but it may change completely during or after gambling so it can lead into something unexpected.

There are some activities that one should engage in when in the right frame of mind and gambling is one of them. Anyone who is under the influence of drugs or alcohol should go home and rest instead of going to the casino to waste money. Some games need a lot of concentration and I wonder how someone who is high on drugs will coordinate himself and gamble properly. I usually see drunk people in casinos and from close observation they are not in control of the game. Such a person might not follow his gambling plan and might play above their income. Itv also easy for a drunk person to be deceived or cheated by the casino or bet house attendants because they are not concentrating. I would rather go and play computer games when I am high rather than gamble.   
408  Bitcoin / Bitcoin Discussion / Re: 21 million of standard gold bars in the world. on: February 23, 2024, 05:29:07 PM
One of my personal assumptions is that Satoshi was orientating himself on gold. If you calculate how many standard bars could be forged from the total amount of gold on earth, you come up with around 20 - 23 million standard bars, depending on the source of information.

Of course, this is only if you add in the estimated unmined gold reserves.
You are wrong. Satoshi did not take any calculation from standard gold bar that can exist. After 2009, many gold reserves have been detected. Some countries that do not know they have more gold later detected that they have more gold. Also that any country can detect  gold reserve at any time. There are more gold that is existing that will be mined than those that have ever been detected.
OP would have graciously given us the source of his information and a proper analysis of his assumptions would have helped us to understand this thread. I am also confused about how he was able to know how many bars of gold would be gotten from the total amount of gold the earth has. Gold is a natural resource that cannot easily be quantified because there are always discoveries.  I read a report where 31 million tons of gold ore, from which an estimated 320,158 tons was discovered in Uganda in 2022. However, an estimate by the World Gold Council puts the figure at nearly 244,000 tonnes. 197,000 tonnes have currently been mined, while 57,000 tonnes are still unmined.

https://www.bullionbypost.co.uk/index/gold/how-much-gold-is-there-in-the-world/
https://energycapitalpower.com/5-biggest-gold-discoveries-africa-2022/

 
409  Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates? on: February 23, 2024, 04:52:57 PM
Being a graduate does not guarantee financial success and stability. However, once you’re a graduate, rest assured that you will receive bigger opportunities than those who did not managed to finish their studies. But, opportunities won’t make you rich because it’s all on the mindset and perspective of an individual that will make him rich. One can make a lot of money, if he really wants to make a lot of money. That alone can proves that if one exerts a lot of time and efforts to reach his goals, he will definitely achieve it. But if one tends to procrastinate things and create a lot of excuses, that means he’s no longer interested to become rich in the process. What you sow is what you reap.
We have to define what we mean by wealth. I don't think that being wealthy is when you have so much money to spend on luxury and pleasure. To some people to be wealthy is the ability to be able to provide what they need and also have extra to save and invest. The university is just a place to open the minds of graduates. It is a learning ground not just to get good grades and paper qualifications but to open students to innovation, creative thinking and problem-solving skills. So graduates should be able to come out of school with the ability to identify and solve problems. So every graduate should be dedicated, hardworking and persistent in his business, work or other endeavor to become wealthy.

Apart from employability skills, the university also helps to build good character. The certificate in the university is given after the students have been deemed fit in character and learning. So apart from developing skills every graduate should develop good character such as honesty, truthfulness, contentment, teamwork, accountability, etc. A good grade might give someone a job but it is a good character that can help the person sustain the job.  
410  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: February 23, 2024, 04:14:07 PM


Still remember mudryk price?
The most expensive player bought by Chelsea in the winter of 2022 will reportedly be sold by Chelsea next summer, In fact, Chelsea offered Mudryk to Bayern Munich last winter, but because of Mudryk poor performance with Chelsea so far, of course Munich has shifted the transfer target to Bryan Zaragoza, currently it looks like Chelsea has lost patience with Mudryk so according FOOTBALL INSIDER Chelsea will immediately sell him at the risk of a big loss, bought for almost 100 million euros but up to now Mudryk has not made a big contribution to Chelsea and instead Mudryk can only be a burden on the team, in Chelsea last 3 matches, Mudryk didn't even get a chance to play at all,so the issue of selling Mudryk next summer is getting stronger.
It's worth waiting to see what price Chelsea will set to sell their most expensive player in next summer, because I think if Chelsea don't set a low selling price then no club might want to buy him.

Source : FOOTBALL INSIDER
Mykhailo Mudryk is not the only Ukrainian who has struggled in Chelsea. Andriy Shevchenko was a record signing but he became a shadow of himself when he came to Stanford Bridge. He was seen as a player that can change the fortune of Chelsea but he has failed to live up to expectations with just four goals and five assists in 42 appearances. Chelsea had to muscle out Arsenal to sign this youngster and I know some Chelsea fans who celebrated this transfer in my area calling the striker a wonder kid.

But it seems Mauricio Pochettino have lost patience and  Raheem Sterling, Cole Palmer and Noni Madueke are now better players that the club might not need the Ukrainian. It is so sad to see that he will be offloaded at a discounted price and we hope to dart seeing prospective buyers of this player. He is still young and can improve in the future if he puts in more effort. It is also possible that he could improve if he plays under another coach.  
411  Other / Beginners & Help / Re: Start preparing for the next bear run. on: February 22, 2024, 03:46:48 PM
When it comes to bitcoin accumulation, whether you made it through bears or bulls, that’s always a good buy knowing the price of bitcoin will certainly increase in time. The best solution is don’t wait for the bear season to appear just to start buying bitcoin. If you have the funds at the moment, then buy now. We should always see bitcoin at a long term, not in a short term. Successful bitcoin investors never reach their position instantly, they waited for couple of years buying and hodling so they can enjoy the biggest profits they set as their investment goal.
Many of the people I know that want to buy Bitcoin now is because they want to make a profit in this bull run. They don't have much knowledge about Bitcoin investment but they are just following the crowd that thinks that they could just make fast money from the bull run. I stated in the OP that the best time to buy Bitcoin is when you can afford it especially if you want to keep your investment for a long time. Within this long period, one will definitely make some profit. The post is just a heads-up that we should plan for our Bitcoin Investment instead of joining the bandwagon of investors who are driven by FOMO.
412  Bitcoin / Bitcoin Discussion / Re: When will Michael Saylor and MicroStrategy sell BTC? on: February 22, 2024, 03:20:04 PM
  • What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
Every institution has the right to do what they deem fit for their investment. Michael Saylor can also change his stance about not selling Bitcoin if he thinks it is time to make a profit. Currently, Micheal is still accumulating more Bitcoin for personal hodling after he showed interest in selling  $216 million worth of his shares MicroStrategy. 

  • If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
Such kind of news might bring FUD to the Bitcoin market but the market will recover as usual. The price of Bitcoin might drop slightly, but it will recover after a few days.

  • Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?
The actions of institutions like MicroStrategy are irrelevant when I am making my Bitcoin investment decision. Bitcoin is well well-programmed project that has an inbuilt recovery mechanism. The decisions of these major investors will just have an impact on the market in a short time. This why Bitcoin should be seen as a long-time investment, so that you can keep hodling even when the market is going down. 

413  Economy / Economics / Re: The influence of cryptocurrencies in economy on: February 22, 2024, 02:55:55 PM
The crypto currency doesn’t have a red carpet welcome when it enter the market.The bitcoin itself doesn’t have huge investors at the beginning,after the survival for certain period of time.The bitcoin had build their own trust among the users,the biggest reason is the Bitcoin was the decentralised cryptocurrency.So no one had control over the price of bitcoin,only the market demands define the price of bitcoin.When the bitcoin had huge demand we can able to get into the bull run,as we recently get into the 51k mark on the Bitcoin price.

Now the bitcoin and most of the cryptocurrency had huge trust by the people around the world.This was the biggest reason for bitcoin demand was increasing with the period of time.The bitcoin already crossed the decade of survival,So this was the biggest change in the current economy.Many people from the various countries use the bitcoin and cryptocurrency in some way either for the investment or for holding their assets in the digital form.This was the reason behind the government of various countries try to regulate to control the money flow in the market.
Bitcoin has grown over the years to become one of the leading currencies and investments. Before now, it was neglected and seen as a currency that would not last for a long time. But Bitcoin has proved these sceptics wrong because it has kept attracting personal and institutional investors. The decentralised nature of Bitcoin is what distinguishes it from other crypto and fiat currencies.

Bitcoin has helped individuals and businesses to build their finances, however, the effect of Bitcoin on the economy of nations is still sketchy. El Salvador is a case study of how Bitcoin can affect an economy, but we still need to give the country more time before will begin to evaluate how Bitcoin has contributed to the development of the country's economy.

Most unfriendly have failed to control Bitcoin because of its decentralised nature, but they have started making policies to regulate it. But as much as we keep using decentralised platforms, they might not be able to control Bitcoin.     
414  Economy / Gambling discussion / Re: Gambling for fun and not a way of making money on: February 22, 2024, 02:37:07 PM
You can by beer to have fun and not seeing it as a waste of money. You can give a friend little amount of money in a way he may want to give you back but you will not collect it as you see it as small amount, telling him it is a small amount of money. Only such money like that, that are small in amount set aside should only be used for gambling. That is the meaning. The fun you see there does not necessary mean fun. Just like an ideom.
People spend money just for sightseeing or tourism. There is no financial gain in visiting tourist sights, yet people still spend money because they see it as entertainment. The belief that people gamble mainly for profit is not totally correct. From observation, many people gamble for money but it is not all gamblers that have such an orientation. The population might be small but people still gamble for fun.

For me, gambling is both for fun and the money. I do not have any intention to go and lose money in the casino because I am not Father Christmas, I intend to make money. However, I do not see gambling as a source of income and I don't gamble with more than what I can afford to lose. If I win it is a lucky day, but if I don't I will comfortably bear the loss.       
415  Other / Beginners & Help / Re: Start preparing for the next bear run. on: February 21, 2024, 02:02:17 PM
From my little experience with the Bitcoin Investment system, the best time to buy the coin if you are targeting to make a profit in the bull run is during the bear run. The price is cheaper and you can make a good profit within the four-year circle.
Buying Bitcoin in a bear market is not always good and if you buy it at a start of bear market, you will buy it at very high price that is not too discount from all time high price. You can buy bitcoin in 2021 or 2022 with price is about $40,000 or $50,000 and it is not different too much than buying it in 2024.

Best time to buy Bitcoin in a bear market is after you see a bear market already lasts about 1 year and some more months like 1 year and a half or 2 years. It will help you to buy at cheaper price and save your waiting time for a next bull run.

Quote
At this period you don't need to rush to buy because of FOMO but you can comfortably buy at your own pace using the DCA or other strategy that suits you.
I think it is still good to buy bitcoin if you believe it will break $70,000 and make its new all time high in 2024 or 2025.

You might be right but the idea behind the post is to encourage people to buy Bitcoin when it is cheap and they shouldn't wait until they see that the bull run is close or in the bull run. You will agree that it is better to buy when the price is cheap than when the bull run is already pulling the price high.

I don't also doubt your position that there is still room to buy at the current price and I encourage people who want to buy to do so. Some people might want to buy now because they didn't have money to buy when the price was low, this is understandable. The post is just a reminder that we should prepare to start accumulating instead of waiting for another bull run.
416  Bitcoin / Bitcoin Discussion / Re: Bitcoin and its impact on my life: A journey to a better tomorrow. on: February 21, 2024, 01:54:42 PM
In conclusion, with this contribution, I want to convey the following to people, especially those deciding to enter the world of Bitcoin: Educate yourself, stay informed, and don't panic. Only invest what you are willing to lose. I didn't come up with this advice; wiser, more experienced individuals did, and I listened to them. If you encounter any issues, reach out to people who understand it better and have valuable experience. I found support in the Bitcoin Community group on Facebook.

I wish everyone, especially those who managed to read this far, robust health!

Thank you, Satoshi!

Your story is motivation because you didn't allow your physical challenge to affect your future. Many people in your condition would have been in a state of self-pity, where they just keep on giving excuses and feeling sorry for themselves. But you took time to study how to invest, and you also summoned the courage to invest and it is now bearing good fruit. It is common to see people with disability in my country begging on the street because they feel that they don't have a future. But you are doing everything possible to gain financial stability.

Investing what you can afford to live without is also a piece of good advice because the market is predictable. From the information I have gotten these few years, I think Bitcoin should be seen more as a long-term investment. I pray that you keep making good profits that will make you live a more healthy and more financially stable future.
417  Economy / Gambling discussion / Re: Wednesday had been my bad day to gamble. on: February 21, 2024, 12:55:25 PM
Anyway, some will say it is just a superstitious belief but what if it keeps on happening?
How about you? Do you have that one day when you feel like you are not even winning whatever you do or whatever game you play?
I have not observed the outcome of my gambling according to the days. Usually, I gamble when I am not at work or free from family activities. But if I ever observe that a specific day doesn't favor my gambling activity, it will not be out of place to avoid those days. People might see it as superstition but if it occurs frequently, there might be a need to rearrange my gambling days. The majority of people I know gamble during weekends, maybe Sunday and Saturday look like a lucky day for many or it could be because it is work-free.
418  Other / Beginners & Help / Start preparing for the next bear run. on: February 21, 2024, 12:30:39 PM
I have observed that the rate of posts on buying Bitcoin in this bull had increased greatly. I once read that people are always attracted to invest in Bitcoin when the price is going high. We see more people buying Bitcoin because of the fear of losing out. I know that we can buy bitcoin at any price we can afford but it seems these investors are more concerned about this year's bull run.

From my little experience with the Bitcoin Investment system, the best time to buy the coin if you are targeting to make a profit in the bull run is during the bear run. The price is cheaper and you can make a good profit within the four-year circle. At this period you don't need to rush to buy because of FOMO but you can comfortably buy at your own pace using the DCA or other strategy that suits you.

My advice is that as you are targeting to sell your coins and make a profit also start planning for accumulation. If you intend to use DCA, start putting things in place on how to set aside funds periodically to buy Bitcoin. It might not be bad to start planning how to get an alternative source of income to enable you to engage in your accumulation process seamlessly. Buying Bitcoin during the bear market should be more appealing than buying when the bull run is already around the corner.
419  Economy / Speculation / Re: Capitalise on Bitcoin Bull Run on: February 21, 2024, 12:04:44 PM
Some people fail to understand that the bull run season is not the ideal time to buy Bitcoin. Indeed, the price of Bitcoin will still appreciate this year and earlier last year but the best time to buy if you want to enjoy the current bull run was before this year. By this time last year, Bitcoin's average price was $23,304.54 and there was no rush to invest in the currency.

We are expecting Bitcoin to get $100k but nothing is certain that it will get to that price, this is why it would have been better if someone bought when it was below the current price. Some investors that bought several years ago have even started selling because it has reached their profit target. As we expect to make a profit in this bull run, there is also a need to start planning for the next bear season.
420  Bitcoin / Bitcoin Discussion / Re: Is it too advanced to get into Bitcoin now? on: February 20, 2024, 09:34:42 AM
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?
Bitcoin is still a young Investment that has the potential to grow to an unimaginable height. You still have the chance to invest and make a profit in the future. Even if you don't make so much profit within the present having and bull run, you could hold for another four years. It is better to buy and hold Bitcoin before the halving or bull run year because it will be cheaper. Buying because of FOMO is not the best option but it is still better to be late than to lose out entirely.

My first investment in Bitcoin was when the price was about $2,000 to $4,000, and many thought the price was exaggerated. Today, we are trading at $50,000, and at the present time many expect the price to reach $100,000 before the end of this year or the middle of next year, so In terms of price, if your goal is a long-term investment, you are not late, but what is more important is that you learn the basics of trading and how to protect your cryptocurrencies.
I have heard people share the same experience that people thought Bitcoin was too expensive for them to buy. But many of them who were waiting for the price of Bitcoin to go down before they buy have missed out on the chance of making a profit. Many of them don't have any Bitcoin and I am sure they are regretting it.
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