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521  Economy / Economics / Re: How influential is crypto worldwide? on: January 17, 2024, 11:38:41 PM
While crypto gets highly influential to people, a lot of scammers on the side are also taking the advantage to deceive people and use crypto as their tool of scamming, and here comes the innocent people with high greed to earn an income, eventually they bite the scammers strategy without having DYOR and studying the consequences of their decisions.

There’s no stopping crypto anymore as it’s now staying for good, and with promotion and the growing usage of crypto all over the universe, crypto will become mainstream few years from now and we will see bitcoin working hand in hand with fiat, that is when the government has completely accepted crypto as a reliable currency.
522  Economy / Trading Discussion / Re: Can I become a professional trader? on: January 17, 2024, 10:37:15 PM
We all have the chance to become a professional trader but you will be wondering why only a few reach that level.
Yes, by chance we all have equal, but people are impatient, people are always rushing to become successful traders in just a few days and so they fail.

If you want to become a professional trader, then must work on it and acquire all the knowledge needed. Don't expect it achieved so easily but expect more on hard work, and patience, and one must learn from their mistakes. It is simply to say "I have to do this and this" but you will find it hard in actual trade.
The fact that only few have succeeded in trading while a lot have end up quitting, then trading is really hard and risky to take. But then again, majority still have the high desires to trade because of the huge profits that only trading can give. While it becomes a career for few of us here, but I advise not to take it too seriously that you end up considered it as your main source of income without getting a real, stable job.

Anyone can trade and aim to be a professional trader but not anyone can succeed on it, which means it’s not only technical and fundamental analysis that matters, there’s a lot more than that so you can say to yourself that you’re a good and reliable trader.
523  Bitcoin / Bitcoin Discussion / Re: What if authorities launch a tax for owning bitcoin? on: January 15, 2024, 03:38:51 PM
I think it's too difficult (but not impossible) to apply tax for owning Bitcoin due to the pseudonymous system of Bitcoin ownership, people can just store their Bitcoin on a wallet that are unknown to government. However Bitcoin transaction can easily be taxed on the Centralized Exchange, and that's is already implemented in my country, every crypto transaction, both crypt-crypto or crypto-fiat is taxed as much as 0.11% of the amount transacted, this is regulated by law. So, all exchange must follow.
With non-custodial wallets, that would be hard to traced them and tax those bitcoin owners. No one would even think that they are into bitcoin investment, most especially the government itself. Thanks for having a decentralized system wherein bitcoin becomes a private ownership away from the government control.

However, when bitcoin is kept in a centralized exchange, taxing was made easier since all centralized exchanges are monitored by the government and are subject to follow whatever rule imposed by the government. With that, taxing bitcoin owners will be a lot easy and very possible.
524  Economy / Trading Discussion / Re: How can we understand market going to be Bear? on: January 15, 2024, 03:00:44 PM
We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.
You will only know that the market is finally experiencing a bearish season if majority of the crypto coins are suffering from 20% decline or more. Even bitcoin is not an exception. In fact, if bitcoin price drops a huge amount, most of the altcoins also suffer a huge amount of decline, seeing the crypto space in a very negative position. If that happens continuously, it’s highly possible that a bearish season is entering the market, most especially if the market has experienced a previous bullish season.

The market only evolves between bullish and bearish one. So if the market is no longer bullish, most likely a bearish season is coming to replace the current market position.
525  Economy / Speculation / Re: Can anyone be a Bitcoin speculation expert? on: January 15, 2024, 02:39:08 PM
Well, there are some, but being an expert does not guarantee that you will always be right, I would not even say in more than 90% of the predictions, due to the volatility of the bitcoin market. But there are people who are experts in technical analysis, who have been analysing the evolution of the bitcoin price for many years, as well as other markets, and who in principle have a higher percentage of reliability than the predictions of the rest.
If you mean to say experts, there are those who claimed to be bitcoin experts but in reality, they don’t really know why bitcoin moves like that and like this. Well I guess even real experts cannot determine the fixed price of bitcoin, simply because bitcoin is highly volatile that no one can be perfectly right when it comes to its predictions.

Hence, if you come to believe in some experts speculations, it’s like you really don’t know what bitcoin is. No one holds the future of bitcoin so don’t entrust your decision making to anyone, but do your due diligence to study bitcoin and the market so you will create your own reliable information.
526  Bitcoin / Bitcoin Discussion / Re: New opinion of PlanB on: January 15, 2024, 01:37:23 PM
You’ll eventually think of selling if you think of short term term profits. But we all know the more we hold for longer years, the bigger the profits we will gain so I think buying and hodling are still the keys. People may have criticized bitcoin’s high volatility but because of that, even our craziest and the most impossible predictions turn out into reality so instead of criticizing it negatively, it turns out to be a big opportunity for us in the crypto market.

Crypto experts and influencers may have come up with various price predictions and it’s also how they envision bitcoin price in the future. But it never guarantees that those will most likely what bitcoin will be. Bitcoin is certainly mysterious and unpredictable, and we’ll only know if it’s really capable to reach those prices when we’ll get there eventually.
527  Economy / Gambling discussion / Re: 2024 NBA Season on: January 15, 2024, 11:44:24 AM
PG having a bad night so far against the Wolves with 1 of 10 FG. Good thing Powell is having a better first half so the game is still close. Kahwi with more shot attempts in the first half which I find unusual but he is doing okay.


Ended up with 16 points from 5-19 shooting, and not only PG actually, even Harden struggles who finished 14 points from 4-14 shooting. Height is might, when the twin towers of the Wolves are playing great, they'll likely win, and in this game, Gobert and Towns contributed 15 and 17 respectively.

They are the number 1 team for a reason, but it's still good to see that the LA Clippers has been tested, this game turns out a close contest despite the Wolves took control of the game early.

Yeah right, not just with the offense but also on the defensive side, the twin towers are tough defenders and with low percentage
shots that being taken by Clippers they manage to win the game.

Like what you said, they are the current number 1 as they are playing decently keep winning more games with the kind of setup that they've got now.

The season still far and there are many things that can happened as trade deadlines is not done yet, we might see changes from rankings
before the playoff.

The problem with the CLippers here is they were not able to contained Edwards who scored 33 points from 10-16 shooting. It seems like it's too easy for him to look for a shot while the starters of the Clippers are struggling. If these two will meet in the playoffs, it should be a fun competition, a chess match kind of game as although on paper,  Minnesota is the underdog, but as long as they play good defense, they could upset a favorite team to play against them.
528  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: January 15, 2024, 11:27:43 AM


Although this is quite unusual, but do you think gamblers will keep coming back if they don't believe that there are gamblers who are making money in gambling? It's just a simple logic, the problem with most of us here is we thought that winning in gambling is quite impossible, which in reality not, it maybe hard to win but never think it's impossible as you are only killing the challenge.

Those newbies who get into gambling of course have people that they see who gamble and they have seen them make profit which encourage them to gamble also. They didn't wake up to start gambling, it came out of their mind while some were influenced to try and from there they became even addict gamblers. So yes you are right that people win money which is the reason new people join in gambling because they see winners within there areas. However, as a newbie you don't have to take the same risk that old gambler is taking. You have to guide your bankroll until you have mastered your strategy.

There is where that discipline will sink in. As always, you have to ensure that " you gamble based on what you can afford", there's no exact figure here as we have different financial status. So if you see a gambler who could risk $1000 per bet, don't try to follow if you aren't even earning $2000 a month as most likely that gambler is making $100k or more per month to be able to risk that huge amount.

We should not be too focus with the shortcut in gambling, if we aim to win millions, then make sure you have the skills and try to get it slowly but surely. If you go the fastest way by winning through jackpot, then most likely you'll end up losing based on statistics.
529  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: January 15, 2024, 05:55:01 AM
A gambler must learn discipline to manage their money and also their time when gambling so that they do not lose large amounts of money. There are still many who cannot consider gambling as entertainment and instead want to make money from gambling.

So when I consider gambling as a way to make money, do I qualify to being called as indiscipline gambler? If you say yes, I would disagree with you, because for me, gambling is not only for fun when you can just expect to lose but you can also consider it as a way to make money if you believe you got some skills.

Although this is quite unusual, but do you think gamblers will keep coming back if they don't believe that there are gamblers who are making money in gambling? It's just a simple logic, the problem with most of us here is we thought that winning in gambling is quite impossible, which in reality not, it maybe hard to win but never think it's impossible as you are only killing the challenge.
530  Economy / Gambling discussion / Re: Shuffle.com ⚽ 🏈 Sports Betting Contest Discussion | Round 2 live on: January 15, 2024, 05:06:51 AM
Congratulations to the winners especially @Woodie who took the first place, clever move man.

Thank you at LM! I received the reward, and looking forward to the round 3 of the competition. I hope we have a different one as the last 2 competition was quite time consuming, LOL.. I mean, if we really want to win, we should keep betting, and honestly, I don't use any analysis on my bets, I just put a bet on all games available with 1.50 up, but my average odds probably was 1.90.

Let's make it more exciting in the 3rd round, make it a bet difficult and yet not time consuming. 
531  Economy / Speculation / Re: Bitcoin [BTC] Price Could Reach $1.5 Million by 2030 Says Cathie Wood on: January 15, 2024, 12:01:37 AM
No one really holds the future price of bitcoin so probably, if bitcoin price will move upward consistently, then this price prediction will become possible, who knows, 2030 is still a long year so there are still chances that bitcoin price will be more tested, and when we cross that bridge, that’s the only time we will know if the price predicted turns into reality or not.

Well obviously, we are all optimistic here that bitcoin price will turn into very significant and expensive after couple of years, hence buying and hodling are the best options now that we should put high consideration so we will come up with maximum profits when that time finally comes.
532  Economy / Economics / Re: Financial education and why it should be a priority. on: January 14, 2024, 11:41:49 PM
If your aim is to maximize financial success and stability, you will never get that in schools even if you study all its related courses because personal experience will harness your knowledge and skills towards financial management. However, by having financial education related courses in schools, you will learn different strategies and theories that you will apply in your personal financial management. Learning in school is just a preparatory for you before you will take risk in real life money management.
533  Economy / Trading Discussion / Re: What is your advised for being a trader? on: January 14, 2024, 11:15:25 PM
There are inevitable losses in trading so if you open a trade without good preparation, then the more that you’ll be susceptible to losses and failures. My advice is acquire knowledge first and gain experience trading in the market through using demo account. Beginners often lose while trading so it would be more suitable to trade in demo account first before you take risk using your real account in live trading.

Trading will only result in consistent losses if you know you don’t have confidence to trade because you’re still incapable to trade. But if you have good experiences in the market, then there’s nothing to worry about because you’ll eventually surpass your difficulties in trading.
534  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the way to Prosperity for a Determined Dreamer on: January 14, 2024, 11:00:06 PM
 I believe it truly it is as long as you work hard on it until you reach your certain desires and goals in life. Bitcoin will eventually help you prosper in life but know that the process is not easy but tough, and the only way you’ll succeed on it is by learning to overcome all the risks and not show signs of quitting.

However, knowledge and persistency to move forward is at its utmost important. Otherwise, if you are weak and you’ll be easily ruined by your losses and failures in your bitcoin investment, you will never end up successful and will not prosper in life.
535  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: January 14, 2024, 12:04:13 PM
I prefer free games. They are no less interesting. And the money you bet in the game often only interferes with your enjoyment of the game. After all, you no longer think about the game, but about winning.

Seriously? Do you still get the entertainment playing free games? I mean, we are gamblers here, so the more we risk, as long as it's within our budget, the more we will have fun. I myself have a business as well, I work on it like I'm also a worker, but I can always find a time to gamble. Since I'm into sports betting, it doesn't require me a lot of time, so I could just using maybe a maximum of one hour to put all my bets, then I'll just wait for the outcome, watching the game is not necessary anymore as that will only destruct me on what I'm doing, final score is enough for me, or I will just check my balance, if it increases, that means I won my bets.
536  Economy / Gambling discussion / Another question? Tell me your average amount per bet and your monthly income? on: January 14, 2024, 07:36:22 AM
Hello gamblers, this is a kind of survey aimed at getting to know my fellow gamblers better, particularly in the context of sports betting. I would like to know your average bet amount and your monthly income.

You don't need to provide exact figures; an estimate would suffice. Through this discussion, we can assess whether we are being too aggressive in our gambling habits or if we are playing it safe with our bets.
537  Economy / Gambling discussion / Re: Long-term profitable strategies on: January 14, 2024, 07:23:14 AM
I think there's no such thing as " Long-term profitable strategies " but most can only work for the short term because casinos will always figure it out.

If we are gambling and trying to defeat a casino, that is not gonna happen as they are operating with a huge edge, and that could only mean that they will win in the long run. We can be profitable if we are playing skilled based type of game, maybe Poker or sports betting, but it's not easier done that said.

You know, we gamblers have different strategy, and we can't deny the fact that majority of gamblers losses in the long run, that's a proven fact, resulting to the casinos to operate profitably. However, we should not deny the fact that one can be profitable in gambling but it's not gonna be easy. So if we are trying to go with this journey (to be profitable), then we should have a working strategy that we can use for long term, not short term only. If casino will adjust, we also need to make and adjustment.
538  Economy / Gambling discussion / Re: Alter Ego In Gambling on: January 14, 2024, 01:33:57 AM
Wouldn't you think that his personality during gambling is his real one? I wouldn't really call a mask an alter ego tbh. Though I guess it's still up to you to judge but really, personalities are often shown on situations where emotions run high, and I reckon gambling is in most instances, one of those situations. Not that it's bad though since said person actually has enough control of his emotions to not show it normally to their surroundings.

But anyway, I can't really tell if I change or not. I'm pretty honest and straightforward when it comes to bets and I myself do admit I have anger issues when emotions run high and I've seen it myself before, rather similar case with your friend. I wouldn't really call it an alter ego though.

It's not a real him because when he is gambling and everything is normal, the gambler is not reckless. he will only become reckless when he is down, he will be chasing losses because he can't accept that he'll need to stop being down a certain amount of money. I think we also experience that once in our lives,  because in reality, gambling is really risky, it could affect our emotion and most of the time when our emotion is high, we tend to follow it when we are making a decision.

I know a friend that is very successful in business, he is making a decent profit on a monthly basic, but when it comes to gambling, he is very aggressive, he is gamlbing more money he could earn, but the good thing is that he is still not bankrupt, maybe time will tell but I'm hoping he will realize it sooner or later.

Maybe it is what it is, we all learn from our experience, but it could be on a hard way.
539  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: January 14, 2024, 12:48:53 AM
Having a set amount, like $50, for your monthly gambling keeps you on track. It prevents you from dipping into money meant for bills or rent, helping you stay disciplined and avoid chasing losses. Stick to your bankroll to keep it fun and responsible.Smiley

And let us not be greedy as well. If we only have $50 as bankroll for our entire month activity, that would only mean that we should be gambling for fun, otherwise, it will ruin our plan. $50 is small amount, it will not bring huge profit, unless we are too smart.

Here, if we are not realistic and we aim to gain $1000 from $50 that's a huge target and you need to be an exceptional gambler to hit that huge targe. personally, if I have that kind of skills, I would not only start with $50, maybe higher, or I might borrow money to raise a decent bankroll, but like I mentioned, only if I have the skills to win.
540  Economy / Gambling discussion / You'll be a discipline gambler in sports if you have a real bankroll. on: January 13, 2024, 01:53:42 PM
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?

According to the article I read, when you gamble without a proper bankroll, you are likely to make mistakes. One of the main errors is chasing losses because you are using money not intended for gambling, such as funds meant for paying bills and rent.

Let's consider an example:

Suppose you have a monthly salary of $500, and you can only afford to gamble $50, which is 10% of your salary. This $50 should ideally last for one month of gambling. However, if you don't treat it as your bankroll and believe you can replenish it from your salary when you lose, you are likely to lose focus. This may lead you to use funds that are meant for your basic needs.

So the question is, can you manage with $50 as your total monthly bankroll, or would you rather increase it and risk losing money that is not meant for such purposes?
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