Yup, I was about to say this one. Hyperinflation in Venezuela and Zimbabwe caused the value of its currency to significantly decrease while its face-value remained significantly high. Usually when the economic conditions of a country is on the red, the value of the currency drops. People on those countries have a higher demand on products but they cannot purchase anything due to the lack of supply on the market. With this in mind, the currency becomes worthless that they result in the barter system of trading.

There was a thread posted in this subtopic awhile ago asking on what matters whenever you gamble, either the process or the outcome. Most people have replied that the process is what makes gambling attractive, while the others replied the outcome of their decision.

Like what you have said, it varies per person on what they see and feel towards gambling. Some people who are financially struggling tend to look gambling as an avenue of gaining them quick profits, while people who are financially secured see this as a form of entertainment. Regardless, gambling will always be something that people would spend their time and find meaning to it.

Curing addiction is not an overnight process as it requires tremendous effort on both your family and to yourself as well. Everything stems from the mind of a person who is willing and determined to change his habits and get past the phase of your toxic environment.

I know some of my friends who were hardcore gamblers but they soon stopped once they realized that they had obligations to meet. Most of them were fathers who their family rely on and some were just normal individuals like us. What I am saying is that, if we are really determined to meet our goals, then we need to work hard for it.

If you were to resort this legally, baka mas mataas pa ang magastos mo sa pagkuha ng abogado kesa doon sa matatanggap mong pera sa utang especially na mahaba din ang proseso nito.
Nagawa mo na bang singilin siya kahit weekly mag-hulog siya ng pera? Kakilala mo ba yung mga kapamilya na sakaling baka sila ang mag-sabi na bayaran ito?
 
Kahit taasan mo pa ang interest, kung wala talagang balak mag-bayad yung tao, talagang wala na tayo magagawa dito.

The history of money started with the barter system wherein people exchanged goods and products to one another. Although some countries still practice this system, it became a hindrance of development to some countries without having a standard unit of currency. It slowly shifted into metal coins composed of precious materials like gold and silver. While this became the currency over the next couple of years, these precious metals were considered as luxurious items. Thus, the change to fiat/paper money was inevitable and this is currently our system of money.

In my opinion, coins made out of precious metals were considered the most effective. Every coin has its inherent value that carries with it the material it is composed from. Unlike today, the value of our currency depends upon the number of gold reserve the country has.

I doubt that such epidemic will cause a significant damage to cryptocurrencies, in general. The only scenario that I see that it will affect its price if most of the population or countries are affected by the virus and NO such cure has been released.

The virus may cause fear in the public and basically affect their lifestyle but I have some doubts that it will affect the market of cryptocurrencies. It will first affect the consumer markets which include products of essentials, etc. and employment before it affects cryptocurrencies.


To be honest, I fear that the supply of our products in the supermarket will first to be affected if such virus affects most countries. I would first be worried on my own health before I think about my bitcoins.

There are times that you just want to share your huge jackpot and it is also inevitable that you talk to someone during this phase. But if you continue sharing these experiences, then you would definitely look someone who is desperate trying to catch the attention of other people.

What most gamblers fail to realize is that their winnings are also the same amount that they lost. Gambling can be very deceiving especially at times when you win since it lets you think that you are actually earning, but the truth is that you're just recovering what you have lost entirely.


That is actually true. Like what I have just said, gambling can be very deceiving to people who get addicted. It is also dangerous to most people who view it as an avenue of earning money as it cannot be profitable long-term.

I was actually surprised on how efficient the game went for the Rockets. At hindsight, my first guess was they would be dominated by the paint by the Lakers and win by considerable margin but they snatch the win through their efficiency and passing. James Harden does not need to score at least 40+ points per night to win. They just have to continue their pacing and get their scorers to play hot and hit those 3s to seal the deal.

Again this would be a different story if it were the playoffs now as teams will be more competitive and defensive on the end.

Fortunately, merchants in the Philippines that accept bitcoin have been increasing over the past years. One thing also to note is that our local exchange provide different payment options for various services. These merchants saw the opportunity of bitcoin and began accepting it as a mode of payment. But I consider bitcoin as a valuable asset for investment.


This is true. While other countries have progression in the acceptance of cryptocurrencies, there are others who are still yet to be accepted as a means of payment for services/product. This also depends on the government regarding their stand with cryptocurrencies. Once they give the green signal, merchants would start accepting it as a mode of payment.

Seeing on how the composition of Rockets are mainly forwards against a team composed of giants, I guess Rockets will have a difficult time against the lineup of Lakers. Without Westbrook and an effective center position, Lebron and McGee will dominate the paint and at least control the area enforcing more defense on the 3s. Many people have speculated that Lakers could be the champions this year and their hard work and determination prove that they are the main contender for that spot.

Under the police power of the State, they have the power to regulate and impose such restrictions for the welfare of its people. If the State recognizes the detrimental effects of gambling to its citizens, they can further create laws tending to this problem. Although the restriction was made directly into credit cards, gamblers can still circumvent the law by withdrawing directly the cash from the credit card and gamble with fiat.


Like what most people have mentioned, even if the restriction failed to consider other aspects in which gamblers can still gamble using their credit cards, it is still a good start in limiting their addiction. They would still have to go to an ATM and withdraw their cash instead of directly using to their convenience the credit card for gambling.

I agree with your statement.

There exists a boundary between the taxation of cryptocurrency (which would benefit its users as it will provide a layer of protection and regulation) but it will defeat the very essence of it being decentralized and its anonymity factor. Bearing this in mind, is it worth to sacrifice decentralization for protection and regulation by the government? The answer will vary depending on an individual's experience but taxation in cryptocurrency defeats the vision on what Satoshi imagined when he developed this technology.

I guess the phrase 'getting the best of both worlds' is not applicable (at least for now) if we consider these circumstances surrounding cryptocurrencies and the intervention (taxation) by the government.

As someone who joined this forum noong 2017 at nag participate ka agad sa mga signature campaigns, nakapag-ipon din ako ng kaunting bitcoins pero mostly pinangbili ko dito ay mga libro at supplies. Dahil madaming option si coins.ph para ma cash-out yung mga bitcoins at gawing cash, mas naging convenient at madali yung pagkuha ng bitcoin especially noong ayos pa si security bank dahil sobrang baba ng fees.

Hopefully kapag mas nakaipon pa ako, yung mga remaining ko na bitcoins pangsisimula ko sana ng business via franchising ng master siomai (MS) or potato corner. Ang food market talaga ay isa sa mga busines na laging may kailangan especially sa mga pagkain madali lang kainin. Sa lahat ng nakita kong branches ng MS, laging pinipilahan!

Time and time again, Manny Pacquiao has proven and answered all the doubts that he can still fight despite his growing age. Even if Connor McGregor may be the younger player, the experience that Pacquiao has on the ring is unparalleled. Not to mention, his lightning fast speed and deadly technique/combinations can put McGregor to a really tight spot!

I have to say if the fight supposedly happens, McGregor is the one with the HEAVY disadvantage since he is fighting one of boxing's legend on the ring. But with these kinds of fights nowadays, everything revolves around money!

Usually with this kind of mindset, the process outweighs the result regardless if it is a win/loss. Most of the time, dice games are more inclined and suited to people who see outcome as their priority while card games are for people who enjoy the entire process.


If you view it this way, then you will most probably avoid being addicted as you both enjoy regardless of the result of the game. Generally, people who chase for profits prioritize the outcome rather than the process. They would see to it that the result is what matters as it involves around getting money to answer for their financial conflicts, etc.

Removing a stigma from something that has been heavily influenced by the media as a 'scam' can be significantly difficult especially if you are dealing with people who are ignorant of listening to the facts.

One of the ways in order to at least convince them that bitcoin is not a scam is through showing your actual earnings. Show results by showing them the process of earning and the actual fruits of your income through your investments. Another way is to educate them and introduce this forum. I know lots of people who firstly doubt cryptocurrencies but the irony is, they are now members of this forum!

I have three (3) questions regarding the gambling life, in general:

First, how did your family react when they found out that you using gambling as your profession and main source of income?
Second, was there any point in your gambling life that you almost quitted this profession due to its risky and unpredictable stream of income?
Lastly, are there any advice that you would like to say to gamblers who aspire to use it as their main profession?

I used to gamble back in the days with my brother and I mainly viewed it as a form of entertainment to improve my relationship with him. I would very much appreciate to see on your point-of-view on how you chose this life.

Any prediction BACKED with sufficient research and study is always helpful to at least forecast the future price and trend of cryptocurrencies (specifically bitcoin). May mga current events din ang nag-aaffeect sa price nito kaya yung pag predict ng price sa isang quarter ay makakatulong kung gusto mo mag HOLD, SELL, or PURCHASE more depending on your goal.

Although walang tao ang makakapag predict ng price accurately, sobrang helpful din ito sa mga newbie at long time investors sa decision making nila. Magiging 'falsehope' lang ito kung mag sasabi ka ng prediction without any study or research behind it.

It actually depends on what gamblers aim for but generally, card and dice games are preferred.

Card games usually require skill and luck in order to increase your chances of winning. This is also the reason on why most professional poker players use it as a means of living, although it also requires some luck and strategy. On the other hand, dice games are usually for people who casually gambles in order to earn a quick buck. It is relatively faster and straight to the point where it does not require such technical skill but rely heavily on luck.


In addition to what you have stated, dice games are generally faster and simpler compared to card games where the latter requires technical skill and strategy in order to increase your chances of winning. Most casinos that I have visited in the past have machines specifically for dice/roulette games.

Fixing a limit into which how many bitcoins should I earn only hampers my potential of earning more. The right mindset would be earning as much as bitcoin to provide for your needs and for the future.

One thing to note also, the answer highly depends on how you view your investments. If you invest and purchase bitcoin for short-term investments, the income generated may be used for your personal needs or for something that requires necessity. If you invest and purchase bitcoin for long-term investments, the income generated may be used for long-term planning of saving your bitcoins for the benefit of the next generation.

Again, this depends on how you view your investments as a whole or partly but generally you should never put a limit/cap to your goal.