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4541  Economy / Gambling discussion / Re: GAMBLING SITE INVESTMENT on: May 21, 2020, 04:33:04 AM
Congratulations on another profitable week.

We can see that your profit in BTC is just low compared to USD or PHP value, but your profit actually is not the PHP value because but the equivalent of the 0.00265927  BTC based on the current price, which is  more or less 25 usd. You are lucky the price of bitcoin wen't high but if bitcoin will dump, then your profit will significantly go down also.

but since you are still in profit, good job.

Thanks man! I know the risk and I am investing on both asset  Wink First is the BTC price , so the dump or pump of it will be my loss or winnings and the second is the Gambling investment itself, same as the BTC if it goes up or down it will be also my loss and winnings.

I got a good entry on BTC price so I think I will be good for now Smiley I think my profit margin is go up to 40% right now which is good, LOL. I hope BTC price will go up more since the halving is done  Grin

And also Yolodice investment is doing really good compared to bustadice.
4542  Economy / Gambling discussion / Re: GAMBLING SITE INVESTMENT on: May 21, 2020, 02:18:39 AM
So here's my update for week5!!

This is the update for bustadice:

This is my total profit for:
   
BTC: 0.00086385   
USD: 140.14
PHP: 7,158   



This is the update for Yolodice:        

This is my total profit for:       

BTC: 0.00179542   
USD: 164.38
PHP: 8,390   



Here's the spreadsheet:



TOTAL PROFIT WEEK1 - WEEK6
   
BTC: 0.00265927   
USD: 304.52
PHP: 15,549   

This week profit in terms of BTC is not that big, but the price of BTC just go to the moon and we are close on 10k!!  Grin
The over all profit is doing great right now  Smiley

What are your thoughts this week?  Grin
4543  Economy / Gambling discussion / Re: Las Vegas Mayor Wants to Re-open Casinos. Thoughts? on: May 19, 2020, 01:18:39 PM
By allowing people again into casino's you are spreading the risk of spreading the virus again. We can talk about all the precautions and measures but will they be followed properly? Right now the situation we are in is because of the people's and government's carelessness or late action. At any point if someone doesn't follows the protocol properly whether it be staff or the gamblers inside the casino, it will put lives into danger again.


If the government will allow this to happen, they will surely monitor the situation closely, and if it will not be followed properly, a sanction will be given to the casino like cancellation of license to operate, that's the kind of measure a casino would not think of messing out.

Surely there is a extreme measures, an if they violate by not implementing that measures, a loss of business license is like a loss of billions of income for this big casino, they will stake their license here for their request that they will be able to operate again, they will make sure everything will work from their end.
I think the only reason why they are making possible for those sector to operate is for tax money. Like it or hate lot of country are suffering for economic damage of this virus and they are gonna make a way to fix it. Allowing casino' to operate is going to be a huge risk for the people that are going there! And we all know that a lot of people are dumb enough to risk their life just to gamble. Opening a casino in the middle of a crisis is purely selfish idea. Just for me tho.
4544  Economy / Trading Discussion / Re: Why risk management is so important ? on: May 19, 2020, 12:44:06 PM
It is so difficult to recover lost capital from losses, profits will not always be greater than losses.

Really so you mean this? Why do people keep on trading then if profit will not always be greater than losses. Hey... People are making more profit than losses, you have to learn better ways to make better profit.
Man believe me, there's a lot of losing traders than, profiting ones. Trading is really since when you lose, it's really hard to recover, expect if you trade more funds and recover from it. OP's post is actually somewhat true (well, at least for day trading). Losing day trader's are really many compared to those who are winning but taking their trade as long term.

Quote
you have to learn better ways to make better profit.

There's no better way than to study trading  Wink If you really want to be a profiting trader, you should manage your risk and apply all knowledge needed.  Smiley
4545  Bitcoin / Bitcoin Discussion / Re: An inspirational story of a 19 year old boy. on: May 19, 2020, 12:28:46 PM
Quote
Most of us have at least $1000 in our savings account.

Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it.

The story may inspire young age people to invest in bitcoin but if they end up loosing money in that process, that will be a real pain for them. I know few persons who had invested heavily in bitcoin back in late 2017 and still paying their credit card debt from their salaries. The boy in the story just got lucky!
Agree LOL. Here in the Philippines if you are teenager and have a 200$ savings or more then, you are completely above average than the others! 1000$ is a huge amount of money 

Honestly being a millionaire is just a big giant lottery. All of the millionaires are just hitting a jackpot when they do something right or they start/discover something. What we should take on something like this is don't stop trying, cause if you stop betting (trying) then, your almost noting percentage is going to be completely nothing in the lottery of life.

4546  Economy / Gambling discussion / Re: Gambling issues? Read this! on: May 19, 2020, 06:51:34 AM
I don't know that there's really some hotlines regarding issues with gambling, I always think about depression and other forms of addiction but in terms of gambling, I believe what you just need is a caring wife that will remind you to stop or limit your gambling activities. Believe me or not, they are the one that knows your limits. But there are times that when wives are providing their recommendations, they often misunderstood by their husband, thus, their relationship fades. So if you really want to prevent things getting worst, you need to act upon yourself, and have an initiative to stop when you think that you already reached your limit.

How about us who are single and lonely?  Angry LOL hahaha

Kidding aside, when there's someone with you that is going to be a lot of help on fighting your addition on gambling. Even though it's not your girlfriend or wife as long as there's people who are supporting you, you will be okay. But sometimes, there will be a lot of toxic people around you and that is where's OP's post is going to help you, those hotline is indeed a very good way to communicate with other if you got nothing to hold on too. Those program will help you and you are going to be free to share anything with it since they are not going to know who are you.

Always remember that every help is there, but in the end you are the only one that is going to help yourself.  Smiley
4547  Economy / Trading Discussion / Re: Tips for good trading on: May 19, 2020, 04:08:36 AM
Your emotion is another the important part when you are trading, I've often been trading and forget my strategy that end up in loss because I just depend on my appetency. I often to get profit but I want more than that but when its price decrease it mean it is just a retrace I sell it quickly. So I put the emotion is the important part to trade especially for myself, and I got a solution to avoid it. I spend a little money first to wonted every time I trade I must obedient in my strategy. It means every time I come to the market and every time I come out in the market I should look to my strategy first. And it was work, so as I wonted to do this thing until now.
Man your problem is you treat trading as a gambling, and I think you are doing day trading so when it dumps you are going to a quick sale. I highly suggest that you should start with long term trading so you can start controlling your emotion. And I think you are satisfied with a small win but when you loss, you are losing big amount of money. You are lacking on a discipline my friend. I think you should start with small money first if that's the case so, little by little you can have a progress on controlling your emotion when it regards to trading.
4548  Economy / Gambling discussion / Re: Do you feel this pressure on physical gambling? on: May 19, 2020, 02:18:11 AM
It happens to me almost all the time if I am with my friend gambling on a casino. The situation is whenever we are playing and someone on my friends is winning then, I am gonna get jealous and I'm gonna bet big even though I am losing. It always happen to me, but still I am trying hard to control myself and set a limit whenever we are going outside to gamble. I don't want to be broke just because of gambling. But since there's a lock-down on our country I am just doing online gambling now and in every play I make I also have a limit and luckily whenever I am losing now I can control myself since there's no peer pressure that is being applied to me.
4549  Economy / Gambling discussion / Re: Corona virus (COVID19) Effect in Cryptocurrency Gambling on: May 19, 2020, 01:12:40 AM
I agree that I do not think that the coronavirus can have any effect on crypto gambling It's a great time to gamble from sitting in the lockdown. If everything is off due to the virus, it is temporary However, crypto casinos will never close Since it is online-based we can easily overcome the bad situation by making a profit by gambling The popularity of crypto gambling is increasing due to the lockdown People are participating in the game more and more.

Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers.
It's being lifted but there are still some restrictions, Here in the Philippines the lock-down are being reduce to some areas but still those casino till an't operate and the public transportation is still not being operated. The government are making it slow so it would be safer to all of us. But still I know some underground casinos that is still operating here. I hope those people will discover the online gambling so they are not going to risk their life for just a game.

The effect of COVID to crypto gambling is absolutely good, since more people are going to discover it because of the lock down to some part of the world. More players for gambling website's  Smiley
4550  Economy / Gambling discussion / Re: Gambling hiding, rules ignored. on: May 18, 2020, 03:03:20 PM
I dont understand these people there are online gambling games already that wont endanger their lives and the community but they still want to gambling in physical casino's. Well it's either they're really addicted to gambling that they can't think straight anymore or they just simply dont know.

We don't understand their reason because they won't tell us why they still want to play in the physical casino. Maybe they want to feel a different thing than to play in online gambling because some of them will have excitement when they can compete with the people face to face. But out of that, we hope that they know the risk to go to the public area, and they must prepare themselves from everything.
The only reason that I think why they are doing that are because, they are not aware that there are online gambling or they don't trust online gambling. Cause it's obvious that, why people still choose to risk their life for gambling when they can still gamble by being safe at home. Those people should be warned about the virus or just the online gambling itself. If they can't resist to play then, at least be safe doing what you want.

OP your country should promote online gambling hahaha LOL.  Grin
4551  Economy / Gambling discussion / Re: What does Gambling really mean to you? on: May 18, 2020, 02:07:46 PM
Personally, gambling is more like entertainment for me. Like it or hate it it's fun to win money on gambling! the excitement and the thrill of every winnings are fun! Making gambling as source of income or rather making it as a quick way scheme to make money is almost impossible. Yes! some people are doing that but they are one in a million only. Gambling should entertain us and it shouldn't destroy our lives.

The other options above are sad but some people treat gambling like that. I think as long as you are responsible on your own decision you will not regret anything in gambling.  Smiley
4552  Economy / Economics / Re: What is the best Cryptocurrency to Invest? on: May 18, 2020, 06:07:58 AM
Questions like this are often discussed, but always interesting to talk about. I have an opinion that is almost the same as most
members in this forum. The best cryptocurrency to invest is of course bitcoin, because only bitcoin is the safest and has the low risk.
And also bitcoin has strong fundamentals, so investing in bitcoin will provide a large enough profit compared to other crypto coin.
Bitcoin alone is a good investment but its wise to diversify because altcoins are profitable to invest as well like eth, bnb and litecoin. I've been holding these coins for long period already but im taking profit at times.

Whatever coins you choose to add in your portfolio just make sure you understand the risk of holding it and you conduct a research before buying so you can only blame yourself if something went wrong.
And always don't go all-in at crypto! Cryptocurrency investment is good as long as you are diversifying your asset. stocks, real-estate etc. those kinds of investments are good too. Personally, I allocated 25% of my funds to crypto and that is the maximum for me. right now my crypto funds are divided on BNB, ETH and BTC. Those 3 are doing really great! My portfolio have a lot of profits because of those coins.

Best crypto investment are always be the biggest projects and have the awesome team Smiley and that's BNB and ETH for me  Wink
4553  Bitcoin / Bitcoin Discussion / Re: Bitcoin after the year of 2140 on: May 17, 2020, 04:20:41 PM
With bitcoin's uncertainty during these times, it is harder to predict for its future and talking about more than a century we are all dead by that time. We can unsafely predict what bitcoin could become after 2 to 5 years of its existence, we even have several governments opposing the bitcoin. But I'm wondering for that long time, if we are not dead yet, are we going to discover better currency than bitcoin I mean we are testing many lines right now so maybe we are just too focused on bitcoin coz it is a thing now.  We can't really tell no?
4554  Economy / Trading Discussion / Re: Let's some talk about protfolio management! on: May 16, 2020, 08:38:36 PM
First thing first, the spelling Portfolio and not "protfolio". Not sorry for being a grammar nazi Wink
That was just a common typo haha
Second considering cryptocurrencies to be one sector as per popular demand and not what I prefer, this approach can be used for managing different coins. However my experience has shown me that investing in altcoins is a waste of time and money, however big or small it might be. Thus if you want crypto in your portfolio, keep a 100% Bitcoin, the long term value is way better than any altcoin.
I have to disagree with this, as for my personal experiences giving 100% to a single coin (bitcoin obviously) is not going to be that beneficial why? because you are only expecting a profit from a single investment on which is very uncertain and volatile. Yes there are tons of shitcoins in the market but you can easily distinguish those coins with the market element. Diversification is better coz you'll get a wide range of possibilities. I know we all agree that the highest percentage of our investment should be put in bitcoin.
Next to manage the portfolio add in more sectors different from crypto, like stocks, commodities, bonds, metals. Do not try to put in more money into altcoins, but into sectors that have been known since centuries to give returns. Although some people may disagree, risk management is better done in this manner.
You may not try to look at stocks right now coz it is down, we don't know until when. Best if you have some strong altcoins though like LTC, XRP and ETH. ZRX have shown an act recently so maybe we should all look into it.
4555  Economy / Trading Discussion / Re: Which Trading Exchange Platform Has Never Been Hacked ? on: May 16, 2020, 07:51:25 PM
Quote
I want us to rate crypto exchange platforms based on these parameters.

* Global geographical usage.
* Never hacked before
* low transaction fee.

Which of the cryto trading exchange meet this criteria?

To date, there are no services in the cryptocurrency markets that have a good history or meet all of the factors you have blunted. Yes, there are no services because every service has experienced big or small hacking incidents. For example, Binance was unfortunately hacked before, although it did not encounter a hacking incident that caused user victimization.
Even the giants have weak spots. There have been hacking incidents that happened with binance before even in the early stage of it as an  exchange. The recent security breaching with binance is last year, as far as I know the hackers are able to steal bitcoin worth more than $40 million, that is a huge amount but what did the binance do is they shouldered the loss without any client complaining, perhaps that's what most of the people like about binance.
It is possible to say the same sentence for Bitfinex and Bittrex, but for some services it is unfortunately not possible to say this. Today, although some of the new services have not yet encountered hacking, there is no guarantee that they will not. For example, although the FTX service has not been a victim of any hacking incident so far, this does not mean that it will not experience such incidents in the future.
There is no safe system that's for sure. If systems are upgrading and so the hacking skills too, that is also why every exchange should check their security access once in a while to see if there are holes or gaps to fill in, that way they can partially guarantee the safety of their platform.
4556  Economy / Economics / Re: How Will the current pandemic affect the crypto market? on: May 16, 2020, 07:03:00 PM
In stock, a lot of changes went when covid spread around the world. Due to the fact that there are corporations who run in making foods and services. So, because there is a locked down, this corps might go down because there is no customer and employees.
As of now we can generalize that the pandemic have already affected everything, and when we say everything that means every thing. You could easily see the huge decline in employment rate more than hundred of millions? billion? from that we'll know that we are going deep far from what we expected. But now w are slowly recovering, I can tell it from what China is trying to imply they conquered the virus and made the recovery rate of 90%
But in cryptocurrency, I think the market doesn't affected very much by pandemic. Instead, it goes in upward movement even in small percent because halving and other people forced to see the market situation.
There is no data that we can see so there would be no truth about that ,but if we put it on basic terms we can say that pandemic has an effect to the crypto market since its casualties are onto people which composes the crypto market.
4557  Economy / Economics / Re: Economy after COVID-19 on: May 16, 2020, 06:29:34 PM
With what I see now from the news I think it is going to be hard for us to get the economic stabilization why? because even we still have the virus now we are reopening everything, look at the city of Las Vegas they are trying to open the hotels and restaurants amidst the threat of the virus, and here in our country? they started to reopen malls and business with guidelines that isn't that effective at all. We are just making the scenario worse for everyone. The government cannot sustain us, YES, but do we need to do things in an extent? We are running after the economy but we are risking our lives, will that be worth at all? I guess not.
4558  Economy / Economics / Re: Rookie thing. on: May 16, 2020, 05:56:27 PM
In the olden days people were making use of gold, silver and other precious stones and metals to buy whatever they want, build houses, pay workers and a lot more. But as time goes on, things changed and they started making use of the paper money and we had Dollar, Euro, pounds, Yuan, and the rest of them.

So, if the cryptocurrency you're seeing now is going to become our main currency and replace the first we are using these days, before that happens it will be discussed by the government and they will all decide on what it's going to be. Although the way I see it, cryptocurrencies are going to be assets and won't replace fiat. They will just serve as another means for transaction.
Something like that does not happen by decree instead it is a long process, gold and silver became the main forms of money for thousands of years simply because they had the best characteristics to perform that function, people used many different materials as money and gold and silver were the victors of that process, fiat currencies also followed the very same pattern, one of the reasons people began to use fiat currencies instead of gold and silver was because transporting large quantities of money over long distances was very problematic while with fiat this was not really a problem, if cryptocurrencies ever become the main form of money around the world you can be sure that it is not going to be by a decree but simply because they are a better form of money than fiat.
The answer was already given by you, " one of the reasons people began to use fiat currencies instead of gold and silver was because transporting large quantities of money over long distances", this also might be the reason why we are going to have crypto added in our list because it has an advantage. How much do we spend in printing fiat? we all know that it is not only made from a simple paper plus the printing process machines, manpower and the facility on which case cryptocurrency has the edge of doing it so. Same pattern as you said, well I think most of us sees the same pattern that you are talking about, why not use a better mode? right?
4559  Economy / Economics / Re: Some Strategies to Face the Next Crisis on: May 16, 2020, 05:10:56 PM
The fact is that the economic crisis around the world has been brewing for a long time and today's problems have only increased due to the coronavirus.
Pandemic is an added fuel to the fire of the crisis, in 2019, economist and analyst already warn the world to the economic crisis since they have seen a significant increase in debts on top of that is the trade war between US and China, which I am skeptical about now if it is happening still, but it definitely make the impending economic crisis to intesify.

Many capitalist countries are experiencing a systemic crisis, and in order to rectify this situation, each country must practically radically change the economic and political system of its state. Not only the government, but every person should take a different look at their capabilities, their lives and their future, so as not only to exist, but also to develop effectively in their lives. A few years later, one of the largest consulting company Mckinsey published its report. On what the economies of countries will depend on and which technologies will radically change our world in the future. The report most of all deals with the global Internet, about robots, about alternative energy sources, about various new materials and new high technologies. but the author, who drew attention to this report, focused on the fact that in this report there is not a single word about a person at all.
What people need to do no is save, that's the only thing they can do at least now since we are facing a bigger problem. But not all people have the capability to do this, there are people who are less fortunate whose life varies on what is on the table, these are the people who are homeless and jobless that the government needs to support also.
4560  Economy / Economics / Re: Americans hoarding cash doing more harm to their economy? on: May 16, 2020, 04:11:57 PM
This is FIAT's bug.

The central banks are trying to lower the value of paper money by printing them excessively.

By this logic, you would think that people would dump FIAT and get "real" stuff instead but guess what... that is not always happening.

Instead,

People buy more FIAT and drive the demand even higher because It is getting cheaper!

*This won't work if your currency isn't a reserve currency like USD or GBP. Don't try this with your shitlocalcoin"
Yeah, government are trying to deliberately causing inflation by printing more fiat so people would really be spending in scare of losing their monetary value. This is a deliberate attack from the government so they can control the flow of cash even in lower terms and most people will think that it is normal because we are facing a problem but it's not. But today with pandemic? I think it is quite natural for people to keep their cash in their pocket coz they got nothing to spend but only their foods.
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