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4861  Bitcoin / Bitcoin Discussion / Re: DCA on the way out on: August 14, 2021, 10:25:26 AM
Just.. sell it one go? If you want out, you won’t be trying to think of more complex ways to get it all out. You just do it and that’s it. No need to do it slowly since you already called it quits. After all, if you already maximied your profits in that amount of time, it wouldn’t matter much if you miss a few hundred dollars just because you were being ‘impatient’. That few hundred dollars ‘loss’ may even be negligible in 4 yrs with the amount you would have gained by then.
4862  Bitcoin / Bitcoin Discussion / Re: Could crypto replace government? on: August 14, 2021, 09:17:58 AM
Smart contracts aren't something that can kick the governments out, nor can hold something so important and set it into stone. It takes a lot more than that in order to replace the government and have the people believe in what you are saying. While it's true that a lot of people are already fed up with the governments' control and lack of actual welfare to their citizens, but is our current society ready to make the leap away from what's already in place for a few millennia now?

Crypto can be, at most, a way to work around unjust restrictions imposed by the governments, but definitely not something that will overthrow or replace it.
4863  Bitcoin / Bitcoin Discussion / Re: Argentine President sees no reason to oppose Bitcoin adoption on: August 14, 2021, 07:55:27 AM
There's no real reason to oppose bitcoin adoption honestly, and the government together with the citizens will benefit a lot from it. Good to see that the president considers all angles first before making a decision to oppose it. Most governments would surely just drop the idea down the drain without even considering the positive effects of bitcoin into their economy and society.

The country is a prime example of a nation stricken by fiat devaluation which can benefit from unconventional techniques like adopting cryptocurrencies.
4864  Economy / Gambling discussion / Re: Can anything make you stop gambling on: August 14, 2021, 06:15:44 AM
No money in the bank could definitely stop me from gambling that's for sure. I'm not a degenerate anymore that it concerns me to spend money when I don't have anything saved up. It would wake me into my senses and tell myself that my entertainment isn't worth it if I am struggling to put something on my plate the next day. Perhaps you wouldn't really encounter this especially if you are from a well-off family, but hard and rough times often force us to drop the habits that are damaging us, including gambling.
4865  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFT games also another way to gamble your money? on: August 14, 2021, 01:01:00 AM
You can say it like that, as you are betting on the success of these NFT games in the first place. To be fair though, there are some NFT games wherein this is not the case, and that you can really enjoy the game while also earning on the side. Axie infinity is a good example of this. Those listed in the OP would still require quite a long road ahead of them before it gains enough traction and be something that is generating profit for the user who placed their money on it.

NFT games are the new fad, and a lot of scams would surely arise with it. It's just a matter of knowing which to place your money on and which games to ignore.
4866  Economy / Trading Discussion / Re: Prices rises - Tx fees stay low? on: August 13, 2021, 11:57:47 PM
Most people and traders are not taking their coins out of the exchanges in the anticipation of wild price movements. This is to ensure that they are already in the action as it happens and no other hassles or waiting game has to happen before they can participate in the trading action. No need to get paranoid as most funds are probably in stablecoins too, so transfer in between exchanges are a lot faster.

Also, isn't it a good thing that the tx fees are quite low when the price is high? It rarely happens, too.
4867  Economy / Speculation / Re: No BTC Holding is risky on: August 13, 2021, 11:42:41 PM
There are some circumstances wherein we can't avoid but to sell our btc holdings. I've been into the said situation for quite some time in the past, though I assured myself that I would still be trying to buy and gain more bitcoin as much as my budget allows. Currently I managed to earn a pretty good amount that I think will be worth something significant in the future, and I refuse to let go of what I have right now since there isn't really anything that is worth it enough for me to sell my stash.

You can always build your btc stash anytime, and just hold it tightly for you to not repeat the same mistake again. Other projects that are existing aren't really worth your while tbh.
4868  Economy / Economics / Re: How to identify high-quality projects in the primary market? on: August 13, 2021, 10:59:17 PM
It would be nigh impossible to detect a gem worth keeping with these criteria that you’ve posted. Most devs with no intention of pushing the project into an even better version of itself can fake most of these things very easily. Technological innovation is something that seems highly important but in reality, devs just use tech mumbo jumbo and add it on the project without having a single practical use. There are lots of those in the market, and you don’t even have to look in order to see a project that takes this route.
4869  Bitcoin / Bitcoin Discussion / Re: If Whale hoards bitcoin, will the market run out of BTC to buy? on: August 13, 2021, 10:29:15 PM
And they will have the whole market only to themselves, rendering their coins useless since they can only buy and sell stuff with each other and other parties who want to enter the market with cash will be unable to do so. Coins will never run out in the market as these entities (whales) will be forced to sell coins at some point in time in order to have funds for some other ventures they may have.
4870  Economy / Trading Discussion / Re: Emotions should never be traded. on: August 13, 2021, 09:37:11 PM
A lot of people still fall prey to their emotions when it comes to investing and trading. Take for example Axie Infinity and its SLP token ATH in July. A lot of people impulsively bought axies back then and ended up seeing the rewards greatly diminished after the price of the SLP token normalized. Some friends also got burned, though they would still be able to recoup the losses if they stay patient and not try to sell what they have right now.

Had they studied the market properly and realized that the hype is just temporary, they wouldn’t get anxious if they can still get back the money they invested for several teams. It is what it is though, and there’s really no changing things that happened except for learning from those past lessons.
4871  Other / Archival / Re: [LIST] The Introduction of Bitcoin Into the Global Economy on: August 13, 2021, 09:00:10 PM
Bitcoin has since gained traction on the news and on the adoption side as more and more people, companies, and governments recognize its potential to be a part of the working economy. I'm actually proud to see that small things such as that Coca Cola thing in NZ and Australia, and the taxi services in Germany were the ones to adopt crypto. It's these seemingly small things that normal people encounter everyday in their life that boosts bitcoin and crypto's popularity, as people will be curious to know more about what these things are. Add to that the growing number of companies and governments that are keenly interested in having some crypto-integration working on their platforms and services.
4872  Economy / Gambling discussion / Re: {Boxing} Manny Pacquiao vs Yordenis Ugas on: August 13, 2021, 06:39:43 PM
Yordenis Ugas is a great boxer, and has good techniques that he can use to pit against top-caliber fighters. The Cuban fighter is also getting old, so I guess this match-up can also be good show of how age doesn't slow down fighters that are exceptionally great on their own. Anyhow, Pacquiao should have just taken his time to look for an opponent that's on his tier or at least close to him and not accept a bout that will not really be satisfying for a lot of people. Pacquiao is perhaps eager to get into a fight before the election campaign period starts in the Philippines and get a paycheck or something.
4873  Economy / Gambling discussion / Re: Betting on the Paralympic Games? Ethical or not? on: August 13, 2021, 12:00:02 AM
I wouldn't say it's unethical, but rather I'd say it's supporting the league and the athletes as well. They strive to get better themselves and to get even better at their craft, and us spectators can only watch in awe and amazement every time they accomplish numerous feats that even us able-bodied individuals cannot do.

It's not mocking the paralympic athletes when we bet on their events IMO. We believe in their capabilities that we risk money in order to support them.
4874  Economy / Economics / Re: Is Bitcoin losing its purpose? on: August 12, 2021, 06:56:47 PM
True that bitcoin was intended to be a P2P electronic cash alternative, but as time went by people realized that bitcoin also works well as a store of value, hence why a lot of people cared about the price of bitcoin more than its status as an alternative way to pay whatever they purchased online. It is almost inevitable that bitcoin will get regulated one way or the other, though that per se, IMO, does not lessen or change bitcoin's purpose.
4875  Economy / Gambling discussion / Re: Why Is Gambling Seen As An Irresponsible Act In Some Society on: August 12, 2021, 06:13:32 PM
Embedded in their culture most probably, a great example would be Islamic countries. People wouldn't be detained or arrested if they didn't do anything wrong, or if they are following the rules and are obviously abiding by the law. Gambling houses that are raided may have been unregistered, or they are operating with licenses that are already expired. There's tons of reasons why and only the police knows it until they publicized the report or told the citizens of what's really happening. One can only speculate 'til then.
4876  Bitcoin / Bitcoin Discussion / Re: How can you combat market gloom? on: August 11, 2021, 11:41:32 PM
I just call it a day and forget about it for a few weeks or so. Having been into this market for quite some time now, I learned that it will always better itself after tripping over a seemingly endless pit. Losses are normal, and you have to accept defeat sometimes. But in the case of crypto, not moving something is sometimes the best move you can do in order to get back up to your feet.

In short, when in doubt, hodl.
4877  Local / Pamilihan / Re: GCash is planning to add cryptocurrencies! on: August 11, 2021, 10:55:35 PM
Ngayon na lang ulit nagkaroon ng steam ang balitang ito although medyo matagal na ring rumors ang sa Gcash talaga. Mas nagiging matunog na lang talaga ang mga balita balita dahil mukhang mabilis umusad ang development na ginagawa ni Gcash sa kanilang plano na pasukin ang cryptocurrency trading. Magiging maganda talaga ito sa crypto communities ng bansa, lalo pa't limitado pa rin ang mga pinagpipilian nating mga Pinoy pagdating sa mga exchanges. More options, less risk ng hacks at mas magiging maayos ang service ng mga exchanges na ito knowing na dumarami na sila sa market.
4878  Economy / Economics / Re: Miami will launch its own cryptocurrency and reward users with bitcoin on: August 11, 2021, 09:23:18 PM
I would want to keep up with this interesting experiment and how they plan to incentivize people who use their crypto. At the moment, there seems to be no real demand for cryptocurrencies anywhere in the city, but nevertheless it's awesome to see a city as big and as busy as Miami can afford to think of such ideas in the midst of it all. Well they have the resources and all the good stuff anyways, but still it's something if they can pause and think of new ways that can help their citizens learn, too.
4879  Economy / Gambling discussion / Re: Do poker and sports betting skills correlate? on: August 11, 2021, 07:24:00 PM
I don't think so. These winners are exposed to gambling, and would probably know more than a thing or two on the events that they are placing their money on. It's not really unnatural for some people exposed to gambling to know other games and sports to bet on. That is where they get their money, their bread and butter, and poker players are no exceptions to that. That's a mere coincidence at best, and not really enough to draw conclusions about their correlation.
4880  Economy / Speculation / Re: Do you agree with Binance's behavior? on: August 11, 2021, 05:58:35 AM
There are lots of things that I do not agree with Binance. Lots of suspicious activities lately, plus they seem to halt trading operations whenever there is a sudden sharp increase or decrease on some coins in their platform. That calls for some understandable boycott of their services IMO, but knowing that there isn't any better alternatives as of the moment, we just have to suck it up and deal with it until something better comes along.

Imagine losing millions just because the platform decided to stop trading in an instant without letting users know what's happening.
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