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Most young gamblers are always gambling because they want to make profit from gambling, and this make them not to see the fun in gambling because they allow themselves to be controlled by their emotions. Young gamblers can easily get addicted when they lack self control and discipline in their gambling activities. You will see that most young gamblers can gamble recklessly, by using the money for important things to gamble or even go as far as taking a loan to gamble, bringing more frustration to themselves.
Old men that are still gambling is the opposite of the young gambler because they have passed through those stages and they are now responsible gamblers, who see gambling as a means to entertain themselves and pass time. They will also stick to the rules of gambling responsible due to their experience.
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Grayscale Bitcoin "Trust" is still holding, NOT HODLing, more than 500,000 Bitcoin and they have been selling more aggressively since January 12. https://bitcointreasuries.net/entities/50I believe if the selling contintues, and the market panics, that might cause a pre-halving DIP, no? As plebs what do we do in this kind of situation? I can't tell you what to do with your money, but if you ask me it's = Buy the DIP, and HODL.   However, panic sales are not a new phenomenon in the Bitcoin market, but rather a well-known phenomenon that occurs regularly. Such panic sales before bitcoin halving have been seen many times in the past and we will face such panic sales before halving in the future as well. Grayscale sells 500k bitcoins in the bitcoin market creating a market bloody moment despite the temporary negative impact on the bitcoin market.This is expected to be the biggest dumping in the Bitcoin market before the halving. This may be the best time to invest in Bitcoin for those who are planning to invest in Bitcoin and hold it for the long term. Therefore, those who can use this panic sale and invest and hold Bitcoin at the highest DIP will have a 100% chance of getting potential profit after the halving. Is that chart saying that a DIP lower than $30,000 has higher probability than expected? That's currently impossible if you ask me. But if Grayscale continues selling until next month, and it starts a panic, then probably that could happen? If Gray-scale does not stop selling bitcoins, the panic market of bitcoins will never end, but if they continue to sell bitcoins, the market is expected to decline more in February than this month. After the approval of the Bitcoin Spot ETF, the Bitcoin market fell from $49,000 to below $40,000, which is a 20% drop, according to statistics. However, since the sale of gray-scale Bitcoin, the market has declined by 15 percent, according to statistics. If this selling trend continues in February, the Bitcoin market is expected to fall further below 36,000 and the market is predicted to decline by 7%. Nobody knows how true this will be, maybe the market will drop to 36k or not. What I also want you to know is that there is a limit that Grayscale can manipulate the price to, and if they continue bitcoin will resist the manipulation and bounce back, leaving them with no option than to allow the price to be natural. As I am typing this post, the price of bitcoin is $41k+, is grayscale no longer selling. Bitcoin price can only be manipulated in a short term and not for long, this is one thing that I love about its design. No need for us to focus on the price movement of bitcoin as investors who are still in their accumulation phase Instead, is for us to look for a means to make sure that we benefit from the current dip, while we are still DCAing and forget about if it will dip further or not. I am happy that I was able to buy a reason amount of bitcoin yesterday before the price became $41k+ today. What I did was to meet my Boss for 30% of my salary in advance, which will be deducted from my salary in three consecutive months,and I used that money to buy at dip, because I might not be privilege to see that price by ending of the months. I have decided to turn deaf hears on the market currently, and stay focus on using DCA approach and lump sum to invest at this moment. No one can tell if the market may dip or may not dip, but enjoy the dip while it last. |
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The Serie A league is still an interesting competition since 3 seasons ago when Juventus couldn't dominate the A series, it has become very interesting. There is always a change of club that can win the Scudetto title and indeed we will never know what will happen because there are still a lot of matches remaining but we can look at the performance and depth of certain clubs to predict which clubs will really qualify for the Scudetto.
This season is best one for Juventus to lift Scudetto again because they only play in Serie A and can take advantage of it to beat Inter Milan through a long season. Inter Milan are strong and stands at the first position but they might be affected more by Champions League matches in coming months. In contrast, Juventus won't have that distraction and with 100% focus on Serie A, they will potentially play better than Inter Milan and win the league. You are too fast to conclude that Juventus will win the league, even when they are not on the first position. Who told you that because Inter is playing in European competition will make them lose focus on winning Scudetto this season. Have you forgotten that a club can win tribble in one season, or two competition in one season. This is why I don't see your point as an assurance that Juventus has a high chance of winning Scudetto than Inter. Juventus is in a strong form right now, and there is no doubt, but they have a rival that is ahead of them, and it is only when Inter lose any match that Juventus can use that as an opportunity to be ahead of them if they win their own match. Don't forget that Inter has being consistent since the beginning of this season and Juve only picked form in the middle, so nobody knows for how long that their good performance will last. |
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This season it might be much more difficult and it depends on how they will face which team in the knock-out round and if the team they face is much stronger then Inter Milan's chances of advancing to the final round will be quite difficult?
Yeah, Inter was lucky in the last season, we don't know how lucky they're in this season. But facing Atletico Madrid for their first match in knockout stage is a bad luck lol. Yes, it seems that Inter Milan will not be as lucky as last season, beating Atletico Madrid, which is currently in good condition, will certainly be an obstacle for Inter Milan to qualify for the next round. I do not underestimate the strength of Inter Milan, who are currently also performing well in the domestic league, so there are many too. Inter Milan are favorites in the round of 16 match, but I don't feel confident they will qualify to face Atletico Madrid. Hopefully there will be more luck for Inter Milan because they will definitely meet really strong opponents compared to before where they qualified for the final last season because their journey was not too steep in reaching the UCL final last season compared to Manchester City who had to get past Madrid and even Munich. I hope Inter Milan never meet Munich or Madrid if in the end they manage to beat Atletico Madrid later, no one knows but I'm sure their progress will stop in the round of 16 of the UCL this season because Atletico Madrid will make them go home first. Inter is capable of the task ahead of them, and I don't see any reason why they wouldn't be victorious in the round of 16. It was easy for Inter to get to the finals last season, and they can still find their way through this season because they are in their best form and Martinez is their to give them the magical moment. Inter is a strong and experienced club in the champions league and I believe that they will prepare themselves for the matches, and they will come out victorious. You shouldn't forget that Inter has one of the best defense and it will be hard for any club to penetrate easily. Manchester city was in their super form last season and were able to score Inter just one goal to win the finals. From the look of things Inter is stronger this season come to last season. |
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Looking at Bitcoin's past should be used to formulate news and analysis and not to predict the future, as Bitcoin will not rise by +5.575% again in the near term. Many things have changed since 2013, and Bitcoin has become more influential and well-known than the Silk Road. Dark activities have decreased, and its use in speculation and as a long-term investment has increased. Therefore, perhaps we will see stability starting in 2050, and then we will look to the past (2023) and say that Bitcoin has changed completely.
Well that was a sketchy reputation but now it's like a whole different ball game. People aren't just using it for shady stuffa as it's become a legit investment and a way to hedge against inflation. Bitcoin has leveled up, offering more than just a rebellious digital currency vibe. The changes it went through since that 2013 have been pretty impressive Indeed, there is a great change since 2013 till date, which is 11yrs. The market value and the rate of adoption and the technology too has improved. Now people prefer to see it as a commodity than currency, but one thing that hasn't changed, is the activities that they use bitcoin for. This is because humans are still humans and haven't changed to something else. Dark activities is in the nature of human, but I believe that this time it is done in more civilized manner to avoid any traces, I mean in an upgraded way. OP, you are very lucky to have being in bitcoin since 2013, and from your testimony, you are happy that you took the bold step to invest in bitcoin very early. |
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yes, Liverpool guaranteed a ticket to the final, but it will be interesting to watch this match, but it’s more interesting to look at Mudryk, if the Londoners win, then for the Ukrainian this will be the first trophy as part of the London club
If what you mean is the Chelsea vs Liverpool match in the EFL Cup, I think it is not a difficult match for Liverpool even though the match can be quite interesting to watch because Chelsea can also give something that surprises many people in a match that still tends to be long. But in the near future or next week the two of them will also meet each other at Anfield, which should make it easier for Liverpool to win. Because Chelsea themselves are still not very good in the Premier League this season so they still seem to be struggling in the middle class at the moment. This is a great match that it is difficult to predict given that both teams have great players and lots of talent. But Liverpool is in a better position at the moment, and Chelsea is always a threat. They know when to turn up on occasions like this. I think it’s just one thing I admire with this season side. And they have been quite decent against big teams this season. They only lost to Manchester United and it was a tight one. They’ll play against Liverpool on the 31st of January in the EPL, which will be the first game they will play before meeting each other again for the League Cup Final. I think this fixture will give Pochettino an insight into the finals against Liverpool. Liverpool should be given the credit on winning that match on the finals against Chelsea, because I think that Liverpool is stronger than Chelsea. The problems is that Sallah is not in the team currently, and this can be a big challenge for Liverpool because Chelsea is a big club and might take that match as a do or die affair because Pocchetino knows that it is the only advantage for them to win a trophy this season. Chelsea can not be trusted because they can do well today and disappoint you tomorrow, this is why I cannot rely on them but they can be very surprising sometime. If they take this match very serious and pit in their best performance, it will be difficult for Liverpool to win them. |
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Yes discipline is good as an investor, but just decipline alone won't stop you from tampering with you'd investment, especially in cases where difficult situation arise, St at times you add left with no choice than to tamper with your holdings, so as much as character is good, having a solid foundation for your investment is also good, like having a good emergency funds built up and also planning out various senerios out so you wont end up I panic from over expectations and sell your asset. And having multiple sources of income doesn't guarantee that you would DCA properly, cause if your expense are as high as your income you won't t still be able to allocate any part of your income to bitcoin since a large chunk is going to expense and you won't even be able to save up your emergency funds. So instead of getting multiple jobs it's good to find means to chunk down your expenses and know your numbers properly, this way even with one income source you are well prepared to Carry on with your investment.
Discipline plays a vital role in anything that we are doing, especially on achieving a goal to be a successful investor in a long time bitcoin journey. This is because you will be on the roller coaster for 4-6yrs and above. If you are not discipline to be consistent in using DCA approach as a beginner on your bitcoin journey, you will not be able to build up your bitcoin portfolio to a great height, because you will invest reluctantly. What you said @Troytech is right but to only some certain investors which are the poor and average class that have more expenses to take care of, but discipline applies to all category of investors. Take example of a rich guy MrX, that has every resources to take advantage of having a significant amount of bitcoin in his portfolio, but because he is not discipline and feel he has everything because he is rich and chose to invest in bitcoin using DCA method but he hardly meet up with this because he lacks discipline. On the other hand MrY is not rich but have a means of income which after all calculations done, he can take care of his monthly expenses and emergency funds. He still could DCA regularly, and due to discipline, he was consistent with increasing his bitcoin portfolio for 15yrs. MrY will have more bitcoin than MrX, during the same duration of 15yrs. Sometimes, before you know it MrY bitcoin accumulation can bring him closer to the level of riches of MrX, because of compounding profit. However, if a rich guy like MrX, let's say MrZ is disciplined in his bitcoin investment journey and invested on the same duration of 15yrs with MrY, he will have more bitcoin in his portfolio than MrY. This is because he will use his wealth to take advantage of investing aggressively in bitcoin using all three method of bitcoin accumulation strategy because other of his investment can serve as his emergency and reserve funds, so there is no cause for alarm. |
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IMO funding your emergency fund should come first. We should only invest once we have saved enough money for emergencies to cover future expenses for at least six months or a year. If you lose your job or the price of bitcoin goes down after you have invested, you won't have anything left with you. However, there might be adjustments to plans along the way. if you see any opportunity that you are certain will give you enough money if you invest in it, then it is worth taking the risk.
There is absolutely nothing wrong with what you say because if someone already has mature enough intentions and planning for long-term investment, of course the funding must also be mature enough. As you said, someone must have an emergency fund which must be prioritized as the main point before funds that will be used in their own investments for the long term. Because it is also very possible for an investor who invests in Bitcoin not to withdraw the funds that have been invested when market conditions become bad or when the price of Bitcoin itself experiences a correction like now. So I think that's right, because that's what should be provided first before someone immediately takes investment steps with a simple plan, but not with sufficient consideration. I often liken it to a long journey with the preparation of two provisions that must be separated first before they are actually used in different places. So in this case the emergency fund is the main provision and investment funds are the second provision so that an investor can carry out his investment with enough discipline in something. How much of emergency funds do you think will be first reached before then planning on beginning one's investment budget. This could be from your own perceptive but I see it as being a waste of time, where as I know how much of Bitcoin I must have loaded in my portfolio. @teamsherry on his opinion decides to load his emergency funds for a six month space, do you know how much dips, call it a significant entry price that one should have DCA during that time. One thing we should know, even in the process of saving that emergency funds, we still have to face certain problems which means we also have to alter the loading up of the emergency process, like still taken money from their to solve some life challenges. I believe money from your cost of living has covered a lot of expenses and for the emergency fund is just there to cover up little more expenses, so why not convenient doing both. When you think that building your emergency funds is a waste of time, then you have already started failing in your bitcoin journey. It is good to have our emergency funds as our priority, because that is what will give us the confident to invest aggressively, if the emergency funds size is large. For a start, you can have 3-6 months emergency funds on ground, so that when you start DCAing, you know that you have already put everything in place that will prevent you from selling your bitcoin. This is why even though our emergency funds is there, we should also consider building it along side with our investment, so that a time will come when you have seen how large your emergency funds is, you can stop and focus more on DCAing or lmit the amount that you are putting on your emergency funds and increase your DCA amount. It is good that your bitcoin investment and emergency funds are equal at some point, before you can decide to invest aggressively when you know that there wouldn't be any unforseen scenerio that will play out, that will be able to exhaust all your emergency funds at once, because sometimes, the emergencies might not play out. When investing alway prepare for the worst, so that it wouldn't be a problem when the worst happens. Emergencies are expenses that you don't plan for, you might lose your job, or like JJG said, the roof of your house might pull off, and these are important things that must be taken care of to avoid it from escalating to more expenses. Also health challenges and sickness can come up anytime. Monthly expenses are those needs that are very important to us and they must be taken care of through our budget. It is good that an investor should be able to balance both his emergency funds and his bitcoin investment portfolio in other to be on the safer side. However, everyone has the choice of amount that can serve as his emergency funds based on his own situation. As a starter, if your emergency funds is not strong to hold the emergencies that arise, you will end up using your bitcoin to take care of your emergencies, because you might be unlucky that your emergency at that time might be way too high for you to overcome. However our emergencies varies from time to time. |
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Guessing and gambling are not the same. This is because, when guessing nothing is at stake and you are free to say whatever you like without any implications. Unlike gambling that money is involved, if you want to guess in gambling, you will not feel comfortable because you know that when you are wrong, you lose.
Gambling sometimes involves skills in collaboration with luck, and this makes it something not easy to win. However, someone that can guess right on other events, might guess wrongly in gambling because he might not have that free mind to guess whatever he thinks from his head, because of fear and emotion. Your luck is what gamble is all about.
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OP, are you sure that the previous electrum wallet that you have imported the seed to this new one hasn't been compromised. This is why you need to check the transaction history of the wallet to see if funds has been transferred from the wallet that was not you. I don't see any reason why you wouldn't see the funds there if it is there.
As mentioned by other posters above, check the addresses and see which of them the funds is in. I don't know why you are talking about password, as you don't need any password from the old wallet because you need a new password for the newly created one. I don't think that OP even used passphrase from his response.
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~Snip~
This is an interesting competition between Girona and Real Madrid who are at the top of the standings at the moment. Of course, Girona surprised many people this season with their performance which was able to maintain the standings for half the season. And this is very interesting for me for LaLiga this season, when there are new clubs competing to win the championship. We are tired of the previous seasons which were only dominated by Real Madrid, Barcelona and Atletico Madrid. I consider Girona like salt in cooking, his presence in the title race has given life to new competition in La Liga. They have been very consistent this season, even though this team does not have many classy players, they have been able to maintain their performance with impressive performances since the start of the season. The chemistry between the players was built well which made their game run well according to the strategy prepared by the coach. It's not just you, La Liga fans really hope for new competition in this competition after being dominated by Barcelona, Real Madrid and Atletico Madrid for so long. Girona is one of the new forces in La Liga, their impressive performance is of course not something that happened by chance, but they have made quite good preparations from various angles. I think Girona will become a new force in the long term because this team is a team that is part of the City Football Group where they have a majority stake. So it can be concluded that Girona is in the same family as Manchester City, so I see this team as serious about competing. I'm sure the group that owns Girona will invest more when they see this performance. They can continue as a team like Atletico Madrid for La Liga in the future. We are watching a great 2023-24 season performance from them. I hope Girona's performance continues. They add extraordinary excitement to La Liga. It's great that they beat Sevilla by 5 goals. Girona has made Laliga very interesting this season with their wonderful performance, and they have being like a threat to Real Madrid in the title race this season. This is because any slight mistake that make Real Madrid to lose their match, the will take over from Real Madrid, which might be difficult for Real Madrid to be on the first position. Girona is a club to look out for in the nearest future because I believe that during the passage of time, they will always be amongg the top in Laliga. Sevilla deserves the defeat with these much goals, because they have not been serious this season and their performance has being very poor. |
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How the Black stars let loose of their guard and got eliminated is still not clear to me because the black stars are usually seen in how the pride in their prowess in African football, as at the 70rh minute of the game, they still had a chance of qualifying to the round of sixteen but the forgot that it's not over until it actually is, they became reluctant since they were already lead a weak side by two goals a d to their greatest surprised they ended the game not been able to qualify for the next rounds of the game.
It's really fun back here in the AFCON because I don't know what else to call it if not fun to the fact that the teams presumed as bigger are now acting weak and even getting eliminated, even the super eagles the home of the current African best player isn't fantastic with their performance.
What you shouldn't be surprise at is changes. Changes is constant irrespective of any scenario, The players that do play then are not the same players that are playing now and that is what we should understand. These current players have already made name in their clubs and they don't care about making their country proud by playing with passion for their country, maybe it is because the countries in question don't value this players that much compare to the way their clubs value them. It is a shame that big countries that have made history in AFCON are not seeing the competition as something that they worth winning, if not they will pit in their best performance to make sure that they win their matches, or is it that they didn't spend enough time training and playing together. |
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There are many people who invest in bitcoins but withdraw money from that invested bitcoins to feed their family money I think their bitcoin investment is not worth it. So all of us bitcoin investors should keep in mind that when we need money we don't have to withdraw from our bitcoin investment.
This is because they don't understand how to go about their bitcoin investment journey, by not making proper preparation and plan on how much that they will invest into bitcoin that will not affect their monthly expenses, and they used the money for their basic needs to invest in bitcoin. I will not call that investing, but I will call it a waste of time and that person is also gambling. This is because bitcoin price is volatile, and if he uses 90% of his monthly income to buy bitcoin and the other 10% is exhausted, and he wants to sell part or all the bitcoin he just bought last week because of an emergency, and bitcoin price dips, just like we have being experiencing the dip recently. He will end up selling at loss, which means, that investor in question might finally give up in buying bitcoin because of the volatile nature of bitcoin. The best way to invest on long term investment and hodli without thinking of selling is to find out that amount that when you use to buy bitcoin weekly, or monthly using DCA that wouldn't affect your monthly expenses. You will also need an emergency funds for up to 3-6 months, so that whatever emergency that occurs, you will take care of it, and not using your bitcoin investment as your emergency funds. It is good to have reserve funds, also help you take advantage of the market in any case scenario that plays out. Investing and growing your bitcoin portfolio is what should be your focus, and not scattering what you are building. |
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Almost at the end of the 1st half between Inter and Napoli in the final of the Italian Super Cup.
1 Disalloved goal and nothing more so far.
The first half was interesting because both teams played impressively and no one wants to allow the other team to take advantage of the match. Due to the seriousness of both teams, it was difficult for any of them to find the back of the post, even though Inter scored an offside goal. Napoli is strong in the first half, and I didn't expect such confidence and boldness in them. It seems like they are back on their feet to face the challenge of being the defending champion. Inter had few chances but it was not that good enough for them to net the post. The second half will determine who will win the match. It will be good if Napoli did not lose focus on winning the game and allow defeat from Inter. |
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Hey Guys! This is especially for those newbie who finding it hard to rank up. Listen up normally rank though is nice but learning is the first stage before ranking up only when you understand this forum well that only when you can rank up pretty fast. I'm not here to educate you about how to rank up or about quality post and all that. Because that should be the first thing you should observe after reading the rules and regulations in this forum as a newbie. This link below are for those newbie that is finding hard to rank up and you know you have some post that deserves merit. Just click the link below read the rules and apply. I just recently come across it. https://bitcointalk.org/index.php?topic=5465195.0Applying on the thread that you posted the link above is not a guarantee that you will get merit, if it is a low quality post. What matters is, creating a quality post that will be educative to forum members. You should also not think about ranking up since you don't have the knowledge, but get the knowledge by dedicating yourself to be reading more and DYOR, this is because you cannot give out what you don't have. By the time that you have acquired some knowledge, you will see that you will start contributing quality post that will be helpful, and begore you know it, the merits will be coming. |
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1-0 Vlahovic just scored an important goal.
30 minutes to go.
Game not closed yet.
Vlahovich has scored the second goal on the 67th minutes and Juventus is playing better than the way that they played in the first half. Vlahovich has score 5 goals in four straight matches. Juventus is going yo win this match because Lecce is not playing anything impressive in this second half, unlike the first half. Juventus will have gain three points tonight because it will be impossible for Lecce to equalize the goals. This is five straight matches that Lecce have lost and they are four points behind relegation. Bremer has scored the third goal with a beautiful header toake it three goals. Juventus is straight on top if the table,and it seems like more goals will be scored by the visitors. Lecce 0-3 Juventus |
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Once again Almeria is a very troublesome club for a top club, previously Girona had to settle for a draw, and now Real Madrid are forced to trail by 2 goals before they can equalize in the second half. Real Madrid did control the game, but Almeria managed to make Real Madrid difficult, especially in the first half. In fact, they could have taken better advantage of opportunities, practically they had no chances in the first half apart from 2 opportunities which they immediately converted into goals.
In less than 10 minutes the match was over, the score was still tied at 2-2. Real Madrid continues to look for ways to dismantle the Almeria defnse in search of 1 additional goal to enable them to win. It's not easy because Almeria is now focusing on defense to maintain their lead, will Real Madrid suffer the same fate as Girona? if yes it is an advantage for Girona.
An exciting 17 minutes of injury time. Real Madrid on full attack as Almeria defends with all they can. Real Madrid fans were so much upset at the end of first half but Real Madrid is a team that can turn things over anytime. A penalty and an goal from Vinicius, they were back in game. And it was Carvajal that scored the winning goal, a draw against the, in line for relegation team of Almeria would have been very bad thing for Real Madrid, An easy 1 point lost at home ground. They finally saved their pride on injury time santiago bernabeu. It's one of the most memorable comeback for Real Madrid this season. Real Madrid welcome back in the second half was amazing and they have never disappointed their fans when the match is not in their favor. The second half turned things around for Real Madrid, as Almeria lost concentration of the game and couldn't defend the two goals that they scored in the first half. A good front line in any club, yields positive result. Almeria was able to stop Girona, who is in competition of the title race with Real Madrid, but Real Madrid was able to get rid of them and gain all three points, giving them a good advantage to win the league this season, as they are two points ahead of Girona. |
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What a surprise from Real Madrid vs Almeria match, Ramazani has score a goal into Madrid net in minute 1.
Madrid at home always win (7 games) against Almeria, is it wise to bet in the first half with the odds -1.5 and over 2 on Madrid?
What an early goal for Almera as Ramazani scored within the first 38th seconds after the referee started the match. This is not a great start for Real Madrid. Almeria easily find the space to take advantage and net the post with a cool finish. Lucas Robertone was the one that made the assist, he is quite a good player. This goal will only make Real Madrid become angry and to try their best so that they can win this match. Almera was the club that drew with Girona last season depriving them from having all three point. Is that what will likely happen to Real Madrid, but I still believe that Real Madrid will win this match. Almera is playing 5-3-2 and this makes their defence strong. This is the shock of this season. RMA 0-1 ALM |
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No one can predict what happens next in gambling and that is why you see that sportbet unpredictable. This is because when you think that you have already won the bet,the opposite team might scoring during the injury time because all football teams are playing to win,and our bet depends on their match outcome.
Similar thing happened to me recently, but my was opposite, because I had the opportunity to cash out but felt I already know the outcome of the game, over confidence was what made me lose that game. So you should be happy that you won something because assuming it was the opposite, you will also blame yourself for not cashing out.
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Thank you all. Although, it will get dropped for good once any of its input is spent by another transaction.
I can't get my head around why the transaction would get "dropped for good once any of its input is spent by another transaction." The transaction fee is low and that was why the server that your wallet is connected to dropped it, but it is still in other mempool. If you increase the fee or bump the fee to a higher one, the transaction will be added back to the mempool, and because miners are selecting transactions with high fee, if they add your transaction to the next block and it gets confirmed, your old transaction will be dropped because the first transaction that will be successfully added to the blockchain is what will be valid, and the other one will be invalid because they both have the same input. What you can do is remove the transaction from the sending wallet, which will allow you to spend those coins in a new transaction. If the transaction is showing as local, simply right click on it and delete it. This will indeed reset your balances, and you can then make a new transaction sending the same coins (plus any other coins you want to send) with a higher fee.
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