As an investor, i did a lots of invest in altcoins. Those were suppose to be good that time with having good hype, good team and community. But with having all of thats, most of altcoins scam after a time! I wonder for some altcoins, they were suppose not to be go but they scammed without any reason! And hundreds of altcoins are in my wallet, which are turn into dead shitcoin now.
Tokens that have no purpose and no solid team are shit coins. you can follow the coinmarketcap and follow the top 50 coins from here. These tokens have high liquidity and are traded in huge volumes and listed on many major exchanges like Binance, Coinbase, Kucoin etc so they are not called as shit coins. you can sell all your holdings of tokens together at any time. So always keep an eye on CoinMarketCap's top coins to avoid shitcoins Just to add, we should also stay away from the pump-and-dump scheme projects, which are mostly shitcoins. They artificially inflate the token's price by spreading false or misleading information about its value. Once the buying interest has been artificially inflated and hyped up, the individuals or groups behind these projects will then sell their tokens at a profit, leaving other investors with losses. These cryptocurrencies typically have little use case and do not have a solid development team behind them. They often have flashy marketing campaigns and promise huge returns. It is really essential to research and understand a cryptocurrency's fundamentals before putting your money into it, or else you'll get trapped with these shitcoins. This link may also help you identify shitcoins and their corresponding risks: |
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Let's suppose you have a limited budget which can be used only for one of the alternatives below:
What is the best investment, in your opinion? To use this money to pay for your education, so you can conclude a superior course and achieve a higher degree, having access to a wide jobs' market, or to use that money to acquire an apartment, house or piece of land, so you can make a passive income from this?
It brings the following question up: what is more valued in life: to be or to have? Does it make someone fulfilled to have while not being or being without having anything?
The answer to this question will depend on the individual's goals and circumstances. Studying might be the best option if someone wants to gain skills and qualifications to help their career. However, acquiring assets as a source of passive income and working might be more practical if you need to earn a living and support yourself financially. It definitely depends on the person's forte and the industry they think they are good. As for me, I know in myself that I have more chance of reaching financial stability through continuous studying, and so I did. Now, I am working, together with the passive income I accumulate through earning from the application of my skills and knowledge. What matters most is considering your current financial situation, future career aspirations, and personal goals before deciding. |
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beginners without trading knowledge and skills, making their trading like a gamble. that's right. they can only thrive if they are willing to learn more from their trades, whether they are lucky with profits or unlucky with losses. beginners will take it for granted.
but if consistency doesn't make them develop experience and skills. they will just continue to gamble with the trades they make.
Everyone responds to wins and losses differently. maybe there will be more who leave because of the continuous losses they get.
I completely agree with you. Trading without proper knowledge and understanding can lead to significant losses and can be a waste of time. It's essential to start with the basics and build up from there. Rushing into trades without adequate knowledge and preparation is like gambling, which is not a sustainable approach for a trader in the long run. Many new traders quit trading because they were unwilling to do the necessary work. Consistent profits require time, effort, and patience. Moreover, managing emotions is crucial for success in trading. Emotions can impact the risk level, leading to significant losses and feeling overwhelmed. It's important to remember that there is no guarantee of success in trading. Many traders may become discouraged if they don't see immediate results. However, giving up too soon is not the solution. Instead, one should continue to work hard, learn from their mistakes, and be patient. Success in trading requires knowledge, discipline, and perseverance. |
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I did invest in lots of altcoins and i received many tokens from bounties as reward. I experienced that, most of the tokens turns into shitcoin or dead after a few months. Some Altcoins performed very good for a certain time then all of those lost 90-95% of values and still traded on exchange with so called volume. Thus process is continued. Even top altcoins also replaced by new altcoins. 2017 vs 2023.
Moral: I think BTC and ETHEREUM is better option for investment, Can be trusted blindly, profitable for long. Low Ranked Altcoins, Memecoins and shitcoins are just headache and reason of huge losses in long time. But anyone can invest his money wherever they want.
Based on my experience, I also received tokens from my bounty campaigns back in the day as a reward, and I immediately sold them once I received them in my wallet because I already knew that they would only have a value for a few days, and then their price will go down after a week or a month. It is the reason that the only altcoins I buy and invest my money in are ETH, DOT, BNB, SOL, MATIC, and other top altcoins because I think these coins will have a better value during the bullish season, unlike other altcoins that don't have a good use case or just copying other projects. |
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Since August in my country, the price of food, especially food staples such as wheat, rice and others, has experienced a very high price increase. This was apparently caused by the ongoing drought. Which makes several areas of plantations and rice fields fail to harvest due to lack of availability of water to water the plants. And this makes food stocks in the market start to run low from time to time. And yes, the price hike ensued. Rice prices here have even increased by around 9-10 percent in the last month in my area. And I'm afraid the increase will continue. Because many residents are starting to talk that if the drought continues longer then it is feared that the increase will occur higher and faster. For farmers, it can be said that currently they are getting big profits because they can sell agricultural products at high prices. but for ordinary citizens who do not have agricultural land, the current food prices really make them tight.
The residents' economic sector has actually begun to recover and improve in the past few months. But because at this time there was another spike in prices again, it made the people around me start to complain again about the current economy.
But I was wondering if this only happened in my country or in your country too?
Sadly, yes, we also experience this in our country. It continually increases not only the food prices but also the other goods, transportation services, and other limited products such as fuel and gasoline. Inflation has a significant impact on us. It affects the prices of goods and food products. It is because the purchasing power of currency decreases, causing the general level of prices for goods and services to increase over time. Inflation happens in a country due to a lot of factors, such as supply chain disruptions, rising global oil prices, increasing the cost of transportation and energy, which can lead to higher prices for goods and services, depreciation of the country's currency against other currency, and impact of government policies and actions. It is influenced by a complex set of factors, including both domestic and global economic conditions. Whereas in my country, this is the usual headline in the news, I no longer doubt why there is a sudden, gradual increase in food prices and services that I see and experience today. |
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Its always better if you do touch up the 3 rather than on focusing on a single point and as much as possible as long your budget or allocation would suffice then it wont really be bad on going with businesses.
We know that even touching up crypto wont really be giving out assurance on having success.It do really just turns out that the amount of return or profit that you can get is really that high comparing into those traditional
investment or business that we would really be able to deal with. It is really just that there are people who cant really just manage up their money well on the time that they do have the chances.
Its true that whether you do live on a rich or poor country which this amount would really be that already significant and if you are that wise on managing it then you would really be having a life that
wont really be that hard in terms of finances but of course you would really be needing on doing sufficient and wise step on engaging on various investment or real estate or whatever it would be as long it would
be giving out that kind of opportunity to have that passive income which is a thing that we should need to target on.
I completely agree with this point. Personally, I would also do the same thing. The 500,000 US Dollar is already a significant capital for me to start all these three things. I can invest in real estate and use this as my passive income while actively managing my business. As for the cryptocurrencies, I can also do staking and hold altcoins because this requires less monitoring time. I know this involves a lot of preparation, and I am prepared for that. It's important to note that all options have advantages and disadvantages, and involving yourself in real estate, business, or cryptocurrencies has risks and opportunities. The best choice for you depends on your personal goals and circumstances. |
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I agree with you, in other words if a person really wants to get rid of his addiction then there will be an opportunity for him, and he will definitely get healing even though it takes quite a long time because it is difficult to adapt to addiction which has become a character in humans.
We all know that to get rid of the habit cannot be taken quickly, it definitely takes a long time to get rid of habits such as gambling addiction and others, addicts must really stop from their heart because that way it will help quickly slowly reduce them, because in a way reducing slowly will really help the habit. For example, if he often gambles for more than 12 hours per day, then reduce it to 10 hours, reduce 2 hours per week, then reduce it again the next week, so on because with a new habit it will change his addictive behavior, because I have seen my friend as an example he managed to recover from his gambling addiction, as well as I managed to get rid of my smoking addiction by reducing it, I think that method is more effective than suddenly stopping gambling because it will torture myself and at the same time it will not work also for sure the person will play gambling again. Exactly. Someone who has a gambling addiction cannot quit in an instant. Instead, it is better to say that gradually quitting gambling is much possible and doable. There is no easy way out, and it can be tough. It takes a lot of willpower and determination to break the habit. Your brain and urge to keep gambling is hard to stop and might be challenging because it makes you feel good when you do it and the pleasure you experience to the point where you lose your self-control when you get addicted to it. And this hunts whenever you try to stop gambling. So, to answer the question, quitting gamble is definitely hard. |
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When you talking about basic technique, it depends on the game you are placing bets on, if you are betting on a video game match like FIFA 2023 then your winning chance is on how good you are at the game itself, but if we are to talk about casino games, the only technique that I know about is playing responsibly and don't be too reckless.
Casino games like Slots depend on your luck but going on a football field and betting on yourself means you are in control, if you want to win your performance rate could work in your favour, but casino games is not in anyone's court, you get what you place bets on base on your luck.
The most important part of gambling is YOU, how you handle your spending on gambling is what will keep you on your 👣 on the long run, if you decide to be reckless about it, your days with gambling will come to an end sooner.
Learn the act of gambling responsibly.
I personally agree with this. Before playing any casino, you should consider having a good understanding of the games you specifically want to play. It's important to know and be familiar with each game's rules, strategies, and odds. You must also have a budget and stick to it to ensure you will not lose more than your allocated budget. Also, it is better to keep a good attitude and enjoy the experience, either win or lose, so that you will not be taken over by too much greed. Better gamble responsibly!  |
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Yes, that's right, and now borrowing from banks to be used as business capital has become a common thing for some business people themselves. But well as you said that there are indeed negative and positive sides to this action, because it involves loans to banks, as we know if some of them cannot pay their debts because for example the business is not running as expected or maybe even fails then it is very likely that they will be in a dizzy condition or confused because they have to pay the money they have borrowed and obviously there must be some pressure from the bank if their payments have problems. I even saw some of them pledging their house certificates or other valuable assets as collateral. Basically, it is difficult to find capital for those who have a middle to lower income or economy, and if they want to open a business or do business then only banks are the main choice and that is more realistic but there are risks too.
So the point is I hope that before you build a business or any field of endeavor, it is not only money that you need but you must also have a strong mentality, because difficulties or maybe failure will definitely come to you at some time in the future. So prepare everything and consider carefully before unwanted things happen.
Also, small-scale entrepreneurs often experience business failure due to various common factors, including not enough financial resources, lack of management skills, and inadequate market research on their industry and competitors. Businesses should never be complacent, and they need to keep assessing their strategies and adjusting to market changes. Succeeding in entrepreneurship is challenging, but with the right mindset and resources, overcoming obstacles and failure is possible, and a higher success rate. |
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You don't need to be in many projects. You just need a few good project and you're good. Thats what i also recommended but most of the time people invest with random altcoin for more profit and thus they get scammed. On the other hand, old altcoins with potentiality, scam very rarely comparing to new altcoin. But there were lots of new altcoins, those were already given incredibly returns but Newbies are advised to get apart from doing such things. honestly investing in many projects is okay, the thing is that, many are just randomly picking some random project based on their guts and put their money there. of course they would definitely get scammed eventually one day. had they followed only project that is being sponsored by some big company like binance they'd be fine, they could be investing thousand times in a month and their investment will mostly still retains their value even though sometimes the value is going down. thats simply the key here that many seem to just ignore, just stick with project sponsored by big company. The only reason why some people are risking their money on random projects is because they want to get their hands on it before it goes boom or popular in the market. This is the main reason why people always get scammed because they are expecting easy money, and they keep assuming these new projects are worth it rather than putting their money on existing good projects. The best way to avoid a scam project is to avoid looking for an easy or fast return of profit because if you keep looking for this kind of project, you will just end up being scammed and bankrupt. |
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That's true because a professional can take care of himself while playing gambling and will not be affected by anything in the casino. They usually will not be tempted by the gambling game and remain calm even though they may experience loss and will not be provoked by their emotions to increase their bets because they know that it will only make them lose more. They can also decide to stop immediately, especially if they have lost in a row and will not try to play one more round. For them, it is better to stop and rest than continue playing gambling because it is not good for their health. They can also control themselves so they don't get addicted to gambling after playing for a while because they have years of experience that can keep them from exceeding their set limits.
Yeah, I agree there is definitely a distinction between successful gamblers and gambling addicts. They would not be successful and be wherever in their position when they possess characteristics of gambling addicts. Successful gamblers have the positive characteristics that separate them from average gamblers and gambling addicts. They are competent to carefully analyze the games well before betting, and they definitely have the "self-awareness" to assess themselves, work on their weaknesses, and use their strengths properly. In gambling, it will either pull you up or pull you down. And it is fascinating how these successful gamblers made it to the top. This also made me curious to search about these successful gamblers, which I have observed mostly are bettors of horse racing, blackjack, baccarat, sports betting, and poker. |
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The thing that beginners always miss before starting trading is thinking about the risks they face. Sometimes they focus too much on the good side. They are too focused on making big, fast profits. But they slightly ignore the big risks they face. Usually they will come to their senses after they have had a few unprofitable trades. And you are right that risk management must be studied and mastered before we enter into trading. Because without risk management, a person is prone to experiencing much higher losses. And yeah like you said. They will not easily recover the losses they face. In contrast to a reliable trader who trades with a mature strategy and management. which allows them to maintain stability of trading capital such as limiting losses with stop losses and such.
I completely agree with this. It's crucial to bear in mind that trading in cryptocurrency can be quite risky. It's always better to start small and be patient rather than jumping in and trying to make huge profits right away. Instead, it's important to focus on building consistent gains over time. Have a solid risk management plan, and never let your emotions dictate your trades. Staying disciplined, staying informed, and focused on your long-term goals are the key players to a higher success rate in crypto trading. |
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Yes, solicitation or influence from friends can make us follow what they say even though we know that what they say is not a good thing or idea for us. And rather than getting a negative impact from our friend's invitation later, it is better for us not to follow it and refuse it carefully to avoid any problems. And if that's the case, we'd better avoid making friends with them than something will happen to us later. For this reason, we must be able to select our friends so that no one has a negative influence on fellow friends. And we can also have good friendships for the long term because good friends are hard to find. Your own stand will definitely be tested when peer pressure to do such a thing happens. It is important to prioritize responsible behavior and decision-making and not be encouraged to do things such as gambling when you are not interested. Remember, saying no and prioritizing your well-being is always okay. Avoiding peer pressure can be a tricky task, but it is essential to maintain your individuality and stay true to yourself. I have linked a study on how to deal with peer pressure which may somehow help. |
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What is your reason for investing in bitcoin? I guess it's profit and it's everyone's need. I mean if you recommend bitcoin to others but don't talk about its benefits but just recommend it through game, website...Will that work? When we want others to be interested in what we recommend, we need to see if they have a need and when it comes to profits, no one refuses. But speaking of other things I don't think it would work if they didn't have a need for it.
I can definitely relate to that. It can be challenging when others doubt your success unless they see it themselves. Once they see it, though, they tend to ask many questions and may even be skeptical about how it's possible. It's understandable that it can be difficult to teach someone who is only interested in convenience, but patience and persistence can pay off in the end. Through the numerous people I have talked to, I see that many want to jump into the profitable part and are not willing to work to learn the process, but those who do are often rewarded in the long run. |
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Please do not assume I am asking if "you got really rich from BTC". For example, has Bitcoin/Crypto changed the way you shop, or earn weekly income? Has BTC helped you feel more optimistic and excited about the future? etc. I am getting started late compared to many others, but I see many great days ahead. Thanks for being here at the forum!
Has Bitcoin Helped Create Big Changes In Your Life?
Yes of course I have not regretted learning about Bitcoin since the last six years that I have been involved in Bitcoin related stuffs though not rich, however the fact that I have the opportunity of hodling Bitcoin during the period when it price is low and selling it when it price had pumped massively thus earned some decent profit is an added advantage compared to saving the fiat equivalent in the bank that wouldn't yield as much interest, moreso the store of value feature of Bitcoin had also helped me to save all my fiat in Bitcoin and hodl in my wallet including the opportunity of participating in a signature campaigns where participants are paid with Bitcoin, though you joined lately however you won't regret it. I completely agree. Bitcoin has been a great introduction to the world of cryptocurrency for me as well. It has opened up new opportunities that I never thought possible. With Bitcoin, I've earned passive income through staking and trading other cryptocurrencies. I'm so grateful to my friend who taught me about Bitcoin and encouraged me to explore other cryptocurrencies way back when I was still studying (about 5 years ago). It's been a game-changer for me and has brought a sense of financial freedom. |
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Anybody know of any crypto casinos that offer cockfighting? preferably vietnamese thai cambodian or filipino
As of now I don't know yet if there's a casino who offered crypto in cockfighting actually in my own perspective if there's a casino who invented to put crypto in cockfighting for sure many gamblers will try and bet cause we all know that in some country like in the Philippines they love to get cockfighting and once they will know about crypto and there's a casino who offered crypto in cockfighting then out of curiosity they will try. I have not yet also encountered offering crypto in cockfighting. But yes, here in our country, it started from traditional cockfighting, also called "sabong' and now it is also available online, making it more accessible and convenient for bettors. It is legal here in our country but limited to licensed cockpit venues throughout different cities. I have no experience, but my uncles are fond of betting on it. Aside from traditional casinos, sabong also causes addiction, which is the reason why my uncle lost all his money and assets due to addiction and continuously believing that he could still recover from his losses. Like other forms of gambling, it can cause financial difficulties, relationship issues, and addiction. Always remember to gamble responsibly to prevent any negative impact of addictions. |
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Bitcoin is far better than Gold, when it comes for safety and thirds parties knowing the assets your having, while holding for a long term, Bitcoin can not be disclose to anyone, accept mentioned it out and is more secured in digital currency that can be exchange anywhere, I mean any country you are or travelling to, while Gold has to under process and is not easy to move out of country, because of security involved, I prefer Bitcoin than Gold.
From my personal experience, investing in gold can be a smart decision for the long term. If you face a financial crisis, selling your gold at a pawn shop can quickly cover your daily expenses. However, it's important to remember that investing in Bitcoin is a different strategy than investing in precious materials like gold. Each investment approach has its own set of advantages and risks. Depending on your trading style, investing in Bitcoin may be a better option than gold because it is highly volatile and liquid, and you can sell it quickly for a high amount. While gold tends to have a more stable price than bitcoin, it can take longer to appreciate its value. Nonetheless, having gold as a part of your investment portfolio can provide a safety net during times of economic downturn. |
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Those who invest in Bitcoin always believe in the increasingly strong growth of Bitcoin, they hope that the allocated money stored in Bitcoin can provide financial growth in the future. The convenience and other advantages possessed by Bitcoin allow Investors to be more comfortable saving money in the form of Bitcoin. If it is called a store of value, it may be less effective because of the constant fluctuations, 1 Bitcoin will still be 1 Bitcoin, while the price will continue to change depending on the value traded on a given day. Bitcoin is not a stablecoin coin whose value is always stable, you will get a big profit if the value increases in the future. I definitely agree with this. Bitcoin has a resistance to inflation and political instability. It will not be affected during economic crises or periods of hyperinflation. Additionally, it has a limited supply, which means it's likely to retain its value over time. There will always be risks involved, such as market volatility and regulatory uncertainty. Personally, I think Bitcoin is a smart choice for those looking to diversify their portfolio and protect their wealth, which should also be done with timely and proper monitoring. |
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That's right, if you gamble using borrowed money then of course you will feel a lot of pressure, especially in gambling it's 50-50 between winning and losing, meaning that it's neutral that no one can know when the win will come. It's too early to think about borrowing to gamble, are you too sure of victory? I think some of the people who end up making loans have a very wrong mindset, where they are too sure of all the wins and have too high expectations there. I hope all gamblers think normally if they don't want to crash in the end. Like the case you mentioned, one of them ended up having a mental breakdown so he did things he didn't expect. This happens because they are too dizzy with the circumstances or the downturn they experience as a result of gambling, they borrow to gamble and lose and vice versa they have nothing to replace the money they have borrowed. So the point is not to overdo it in gambling, gamble with reasonable conditions which are just for fun so you don't get too down in it. Exactly. You are also doubling the risk of losing the money you do not afford to lose. How will you cover up for these losses, and where will you get the money to repay such borrowings? Gambling is a risky activity that does not guarantee winnings which can lead to financial difficulties. It's important to make responsible financial decisions and avoid taking on debt for non-essential purposes. Remember to always prioritize your financial well-being and make wiser decisions. |
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