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521  Economy / Gambling discussion / Re: Does the tension make you take risk that are sometimes worth it? on: January 05, 2024, 09:02:39 PM
We all know that gambling sometimes can be fun and something not, even if we  blatantly claim here that we do gamble alone for the fun purpose 🙄🙄. Truth be told majority of person actually gamble because of the possibility that they can earn some profits from the act and as we all know it , not all the time the end result is what we expected. Although am not an addicted gambler but I can say I do my fair share of gambling activities sometimes and what I have observed is that sometimes I actually make some hard calls that turn out to be fruitful when ever am tenced but the results may differ for different individuals though.

So I would like to know your own experience when making or taking risk in gambling under pressure.
Yup! The pressure is definitely on when I gamble as I tend to gamble on in shorter time spans with higher bets, and for the most part I subject myself to time constraints and all that shit to give myself the adrenaline rush that I need to get going. And while for the most part it wasn't as fruitful as I hope it would be, there are instances that my bets pay off pretty well. Higher bets means higher winnings as they say, but personally I wouldn't recommend this type of playstyle to anyone as well. It's too risky, and very stressful which is definitely not for everyone, as it's either go big or go home for them which makes it less enjoyable as they can't really savor their whole gambling session, or it could become a gateway for them to be subjected into gambling addiction courtesy of revenge gambling.

But the thing about responsible gambling is that you don't necessarily have to always gamble in low amounts or whatever, it all boils down to making sure that you don't spend beyond your means, and that you don't just gamble willy-nilly. There's still some level of self-control per se. Once all you took care of all these and are able to successfully master yourself, you should have a good grasp of how you gamble and spend your bets even if you do go "over the top" as some people put it.

522  Economy / Gambling discussion / Re: How do you see a gambling review website that has its own gambling website? on: January 04, 2024, 11:33:53 PM
Well of course stuff like these makes me doubt the validity/credibility of the content they put out, not the reputation of the site.

The thing is that only reputable and honest-to-god casinos will go the extra mile of pushing out relevant content in the world of gambling. But oftentimes their content can be biased towards them since they can easily veer people into thinking that they are the best casino against the competition. Any people who chooses their casino willy-nilly may fall victim to this and actually become enticed by reviews made to make specific casinos look better than they actually are and this could ultimately alter the gambler's experience and expectations.

But at the end of the day I don't really see it as a massive red flag. After all, experience will still be your defining factor to determine whether a site's really been honest to their users or not. So while reviews may steer people into signing up with a particular gambling site, it's still going to be their overall experience that will decide whether it will make them stay or go. So all in all I think users are still kept safe against fraudulent sites.
523  Economy / Gambling discussion / Re: Mayweather vs Pacquiao II on: January 04, 2024, 11:02:12 PM
This could be one of the biggest match for this year and that's a big announcement already.
Though there's a lot of speculation already so better not to expect that much especially with Mayweather as he wants to protect his record even if its an exhibition match. Another big money machine for both boxer, and let's just see if they will both agree for the terms and i'd hope that Manny will won this time so they can have the final rematch in 2025. Cheesy
Every match that Pacquiao is in is going to be considered as massive fight (well except his most recent one lol) which goes to show just how big his impact and influence is in the boxing industry. The same could be said for Mayweather since they are formidable fighters with a lot of belts under their waists at this point.

Honestly I don't care much for how "genuine" this fight will be cause there had been speculations in the past about Mayweather fixing his fights to keep his clean record through and through. I really just wanna see these two people duke it out once again in the ring for old time's sake. Plus I know for sure Pacquiao's got a bone to pick with Mayweather now that he know he's not gonna win for shit if he couldn't knock him out (Mayweather has never been knocked down and according to Marquez, a previous opponent and a close friend of Pacquiao's, he wouldn't win against his fight with Mayweather if he couldn't knock him out, which then proves to be true). So yeah, Mayweather can play along the book as he likes, but Pacquiao's definitely gonna make the Pretty Boy bleed.
524  Economy / Gambling discussion / Re: Focus on how much you may lose and not only the potential win. on: January 04, 2024, 10:29:05 PM
It's a delicate balance between the two really. The characteristics of a responsible gambler depends upon how he takes care that he reduces his losses while maximizing the wins that he claims. And sometimes breaking even is still considered a win especially in situations where you're in a massive lose streak.

I myself have this system where I only ever play under three wins/three losses rules, where I immediately stop playing as soon as I hit three losses or three wins. That way I can minimize whatever potential loss that I have if it's a bad day and I really can't catch a win, or I can secure my wins if it's a pretty lucky day and I get wins. In most cases I only ever break even which is still good as it means I have my bankroll saved for the next gambling session without me having to top it up again, saving my pocket from extra spends that is budgeted anyway, but I digress.

Your tip OP is very helpful especially for gamblers who are starting off in the ways of responsible gambling but aren't really sure on how to take the path. Most of us here struggle with figuring out what is wrong and what is right to do as a starting responsible gambler especially if we came from irresponsible gambling ways but posts like these are surely helpful.
525  Economy / Gambling discussion / Re: Online or offline gambling which is more safer? on: January 04, 2024, 09:50:17 PM
I think the safest choice is Online Gambling. The fact of the matter is that there's no real "safe" place. As even in the comfort of your own home you can find some stuff that would certainly put you in harm's way. But compared to getting outside and in one of the most aggressive and bustling parts of the outside world? Yeah your home's going to be a safe haven indeed.

People inebriated from the complementary drinks, as well as those who are already frustrated with their luck and losses are already a good reason for you to think that brick-and-mortar casinos are not the safest place out there. Not to mention the fact that suicide is a common occurrence in most casinos as a lot of people down in their lucks and already decided about their fates come into casinos to basically go out with a bang. It's also considerably biologically hazardous to be inside a casino, I mean come on, some addicts literally piss on themselves just so they don't leave a hotspot especially in slot machines. And I don't need to mention how all of these aren't in the comfort of your home. At least I hope so lol.

So yeah, Online Gambling's still perilous from all the hacks and scams as what many here have mentioned, but compared to offline casinos? yeah it's going to be the safest choice between the two any day.
526  Economy / Economics / Re: Is Ithiopia bankrupted? on: January 01, 2024, 04:55:04 PM
Ethiopia became Africa’s latest defaulter after it failed to make an interest payment following the end of a grace period on Monday - Bloomberg reports.  This says that tall building that kissing the sky and eye popping infrastructure don't make you rich.  Anyways,  
Cryptocurrency has become very popular in African continent. It is the third fastest-adopting continent in terms of cryptocurrency. Can cryptocurrency help Ithioia and Africa  to get rid of poverty?
There's a huge possibility that they have. The fact alone that they couldn't pay their own debts is evident of their economy's impending doom. And I don't think there is much recovery you can make out from this.

The fact of the matter is, you're partly right, tall buildings and eye popping infrastructures won't make you rich, because at the end of the day, these modernization programs are what should've been used to entice investors into putting their trust and money into the system, which evidently isn't the case this time since Ethiopia's messed up beyond repair prior to their modernization programs and despite the efforts they exerted they aren't able to attract the investors that they need sadly. In any case, I don't think cryptocurrency alone would help them rebuild their market and revive the vigor of their economy. What they should do is look into efforts to have those debts be paid as soon as possible, and then reinvest their time and money into providing people in the country with options. And this doesn't just go for Ethiopia by the way, pretty much every third world country out there should look into bettering the living conditions of their citizens and giving them the rightful options that they deserve.
527  Bitcoin / Bitcoin Discussion / Re: The general public still doesn't understand Bitcoin is still growing on: January 01, 2024, 04:41:54 PM
At the bookstore today I saw some book about the rise and fall of crypto. On the front cover it was saying crypto went mainstream in 2021 and then collapsed in 2022 culminating in the FTX collapse. The book was definitely partially about the FTX collapse, but it also referred to the entire market as having collapsed, hence the "Fall" part of rise and fall. The final sentence on the front cover mentioned something about the collective delusion that led to this rise and fall of the $3 trillion market.


It hit me that the author, who presumably did a lot of research into the industry in order to write the book, is basing his book on the idea that crypto has collapsed permanently after having a short moment in the mainstream in 2021 (though you coulda said the exact same thing about 2017).

I almost laughed out loud cuz here is an author that did enough research to write an entire book, far more research into the space than the average person does, and even the author doesn't understand what anyone who actually participates in the market easily understands - that the market is cyclical and the 2022 crash was not an end event for the industry but simply the end of a market cycle leading into the next larger market cycle.

Knowing that the market goes through four year cycles and each one is bigger and each big crash and bear market is just a temporary downturn before the market grows vastly larger than it previously was...this is extremely basic knowledge for everyone in the industry. But someone who wrote a whole book on the topic doesn't even understand that! It just really blew my mind. The author thought he was writing about the collapse of the market, yet he would be laughed out of the room by anyone with even a little understand of the market. What is it going to take to educate people on bitcoin and the crypto market?? Every four years its like the general public has a complete reset and thinks bitcoin is going through a bubble for the first time and then dies for good. And they completely forget that it did the same thing a few years earlier likely when they first heard about Bitcoin in 2017 (they probably don't know it had done it a few times before that too).

But just like how do we get the average person out of the repeating delusion that every bull run must be the last and every new bear market is bitcoin and crypto finally collapsing for good? Cuz I mean the average person legit thinks that bitcoin is over during each bear market, they literally think "oh I missed out on that bubble". A friend of mine even said that to me like a month ago, she asked what I had my money in and I told her Bitcoin and her response was oh I missed out on that. She just assumed that it was a one time bubble that was over.

How do we educate people that Bitcoin is a continuously growing global currency that is still in its early staged and each big boom and crash is just its early growing pains? Its just crazy to me that people see Bitcoin becoming more and more valuable and its much much more valuable than the few thousand dollars it was worth when they likely first heard about it in 2017 and yeah they all think it was just a bubble that has passed and they missed out and there's no reason in paying attention to it or owning it now. And then of course they'll be surprised in 2024/2025 when they start hearing about Bitcoin again but then by 2026 when the next bear market hits they'll forget all about the past market cycles and go back to thinking oh it was a bubble and is now dead.
Bitcoin and crypto's been dead for so many times now I may as well call it the rezombification everytime it gets relevant again. It's like every time some idiot who knows jackshit about bitcoin loses money on the crypto industry after they bought high and sold low loses their money they always presume that bitcoin/crypto is dead, and I think this author's on the same boat. Or perhaps he's trying to sensationalize the hate against crypto once again and is using FTX as the driving force to tell people in evidence that crypto is already dead for good and there's nothing you can do about it. LOL. We all know what the truth is and what is already brewing above us so yeah, let this stupid author sell books while the rest of us here are earning money more than he will ever see in his damn life.

But of course, proper education about what really is crypto all about's more important than telling people they will be rich, or that bitcoin's dead. The only problem we have with that is the fact that misinformation spreads faster than facts. Not to mention the fact that the average human being's attention span is fucked beyond repair, and we got people who would believe anything they first saw.

I used to create bait articles in the past where I would make a headline about something so sensational about bitcoin's death only to slowly marinate the reader into realizing that bitcoin's not death, basically reel them in with misinformation, and then beat them in the face with facts and logic. I don't know if stuff like these will still work, but hey, worth a try right?
528  Economy / Economics / Re: These are the top 100 brands by value in 2023 on: January 01, 2024, 04:19:46 PM
Brand Finance came out with a report last week of their Top 100 companies by brand value. Brand value refers to the monetary worth and reputation of a brand in the market. It represents the financial impact a brand has on a company, and it's calculated based on various factors such as brand recognition, customer loyalty, market position, and overall perception among consumers and stakeholders.

Here are the Top 10 most valuable brands in the world in 2023 so far and their brand value in billions:

1. Amazon - $299.3
2. Apple - $297.5
3. Google - $281.4
4. Microsoft - $191.6
5. Walmart - $113.8
6. Samsung Group - $99.7
7. ICBC - $69.5
8. Verizon - $67.4
9. Tesla - $66.2
10. TikTok/Douyin - $65.7

https://www.visualcapitalist.com/top-100-brand-value-2023/

Any brands that you expected to see in the Top 10 but didn’t? Surprising to see that TikTok/Douyin is now becoming the most valuable social media brand in the world. I guess people really love watching lip-syncing celebrities.
Surprised that Samsung's a little lower on the list considering the fact that besides the fact that they are a global brand, they literally control the economy of South Korea, and to be beaten by a US only brand (Walmart) oof, that's gotta sting. Tesla should've been gone by now no thanks to Elon Musk but it seems like it's still clinging on for dear life, people are still kind of deluded by the Tesla dream despite the fact that most of their new releases including the cybertruck's been nothing but a massive disaster safety-wise.

Tiktok's to be expected here, from 2018 to 2023 they continue to be the biggest social media platform on the planet and they just continue being so great at what they do which most social media platforms nowadays couldn't somehow figure out.  What I'm surprised about is how Unilever's not here, as well as Nestle, since these two giants have been at it for decades now and they own their very own sets of subbrand/products that produces millions of dollars globally, and to be beaten by brands and entities that only operate on the US too, that's a little suspicious if I do say so myself.

Anyway, great list, stuff like these is ought to give you a valuable insight as to what the future shape of the market will be so for people out there who are looking to earn money trading stocks or bonds might as well check this list out for yourselves.
529  Bitcoin / Bitcoin Discussion / Re: BTC unconfirmed transactions exceed 500k on mempool on: January 01, 2024, 03:56:15 PM
Hi everyone
right now we have 520k unconfirmed transactions on mempool with 1.9 GB capacity
do you think this may affect BTC usability especially for small transactions right now
you need to pay 15% fees for 100$ transaction if the devs didnt ban those BRC tokens
we may even see fees exceed 100$ and we may reach millions of unconfirmed
transactions in the future and only whales and miners will benifit
Think is not the right term, what you should be worried about is how severe this will affect the network right now and in the foreseeable future. When the very reason you're using bitcoin fails to do its thing, you begin doubting whether it's even good in the first place. A lot of people including myself have been in the same boat for a while now no thanks to this fucking network congestion we've been in for a while now. you're using bitcoin so you can transfer money fast and cheap and then you get hit with an unconfirmed transaction or a fee costing you upwards of 50 bucks, that's just insane. People are already switching over to different networks to save time and money and I think they're doing the right thing, it's not like everyone's willing to pay 100 bucks for a transfer that would take 3 days to confirm anyway.

This brings into our attention the real problem about bitcoin. It's so futuristic and advanced yet at the same time does not have the features that would allow it to thrive in a future where it is the prime currency. It has virtually no scalability and since we've decided that 1mb is the block size limit we literally shot ourselves in the foot cause we're all for security and anonymity when mixers are there to do it anyway. It's sad and stupid and I can see this industry undergoing this continuous cycle of congestion every year and every bull run, with each one being worst than the prior. We really need to do something at this point or bitcoin's going to be left in the dust by some coin that's far more superior at what bitcoin could do.
530  Alternate cryptocurrencies / Speculation (Altcoins) / Re: When do you think the altcoin bull run will begin in 2024? on: January 01, 2024, 03:33:20 PM
I'm obviously somebody who believes trading in altcoins is the right way to maximize profits. Now that we're getting close to a new Bitcoin bull cycle, I just wanted to know how soon do you think altcoins will take flight? Are you following the Altcoin Season Index?
Where there's smoke there's fire. So what you should only concern yourself about is when's bitcoin going to pump. Why? Well for the most part whenever bitcoin pumps in value and in relevance the whole industry along with the altcoins and sometimes even shitcoins follow suit. Everyone wants to get a piece of the crypto pie and when they see that bitcoin's pumping out of control and have the misconception that they couldn't catch it, they start reinvesting their efforts and money onto altcoins. Or sometimes there are just people like you who swear by altcoins and when they see that the industry is thriving they just buy as much altcoins as they like, all of this is happening but the concept remains the same, bitcoin pumps, it takes everyone with it.

As with bitcoin and any other A-list cryptocurrency on the market right now though, I don't think people should wait for the first sign of pump/bull run before they begin to take action and invest money, it's way better to be as early as possible and reap all the possible profits that you can get while you're at it than be late and miss out on a lot of stuff. And since altcoins are cheaper anyway it doesn't make investing in it hard unlike with bitcoin where newbies will get discouraged by its high value. Don't wait for the bull run, invest as early as you can and then reap the benefits when the bull run arrives, that's how most people in this industry profit.
531  Economy / Economics / Re: First time? A company suing because people aren't buying its products!!! on: December 31, 2023, 11:56:59 PM
I just read this news and I can't stop laughing.
McDonald's is said to be planning to sue people who have been refusing to buy its products over the past months leading to their $1.3 million loss. This is due to a boycott movement where people in a lot of countries are sanctioning this company because of its support of the Zionist regime that is occupying Palestine and is committing genocide there.

Imagine if some day you are out and about, suddenly someone wearing a chicken suit puts a gun to your head forcing you to buy their fast food or they'll shoot you Cheesy

Ref: https://www.moroccoworldnews.com/2023/12/359864/mcdonalds-malaysia-sues-pro-palestine-activists-over-boycott
The thing is that they are in the right here, it's gonna sound stupid (like that one time they slandered a poor old woman who took them to court after she sustained 3rd degree burns from getting Mcdonald's Coffee spilled over her lap) but the fact is that they are getting hated for what they believe in, and since the topic of Nazism and genocide is pretty much still a hot topic up til now to be tagged as such has costed them a lot, and there really isn't anything they can do at this point except either take the hit like a champ or actually do something about it, which in this case they did. It's only understandable given the circumstances the company has been in and besides the fact that this is going to make headlines, they are definitely by no means in the wrong or stupid here.

Anyway, can't wait to see how this is going to affect Mcdonald's even more in the future. As tensions rise between Palestine and Israel and as more and more people are outed to be supportive of the genocidal acts that the latter is actively committing. 

532  Bitcoin / Bitcoin Discussion / Re: Must you lose before you gain in Bitcoin investment? on: December 31, 2023, 11:42:27 PM
Questions like this has popped out in several occasions and arguments concerning Bitcoin investment. My friends will say you must lose before you gain or rather have more experience investing in Bitcoin. If its how it work, Bitcoin isn't for a low income earner as well as not gonna make you rich when you can't invest something tangible to it. On the other hand people are been made big and wealthy in same program. What does it in tell, cos am quite sure people had already known what's going to happen in the market in the nearest future to give them the strong mindset to invest porously. My biggest fear is losing my hard earn to something as volatile, vulnerable and uncertain as btc. What's the possibility you invest without losing. Is it guaranteed in this kinda market?
It's not a must per se, but the thing is that you have a higher chance at losing on your trades and investment when you're still starting off as a cryptocurrency enthusiast. So yeah it's not a must, but something that will definitely come to you just based on the circumstances set upon a regular investor. Hell even when you're an investing pro you'd still lose money every now and again, but the amazing thing about bitcoin and cryptocurrencies is the fact that it's cyclical, so in a sense as long as you don't sell off your holdings, you won't lock in your losses and you may even experience a break-even or a profit in the future if you wait long enough, that's the beauty about bitcoin that's not particularly present in any other investment venture.

Plus who's saying bitcoin's not for the low income earner, I'd argue the opposite actually and say that bitcoin is for the low-income earner since out of all investment ventures out there, since it's the only investment tool out there that you can put as low as a dollar in and still expect some form of return! You can't do this with any other investment venture out there my friend. It's all about the mindset and how you would play around your current financial state.
533  Bitcoin / Bitcoin Discussion / Re: Why is bitcoin stability important? on: December 31, 2023, 11:16:06 PM
I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?
you don't need stability in the bitcoin industry. Matter of fact the very reason why bitcoin is this fucking profitable is because of the fact that it is volatile in value. Sure it works as a double-edge sword but in the span of its history bitcoin's volatility only helped it become even more valuable in the future than it did any harm, so I don't understand why we would strip bitcoin of its defining characteristic just so we can indulge and be safe in the altcoin crisis, which I don't think is even a bigger deal than most of you make it out to be.

Altcoins are dependent upon bitcoin's performance, not the other way around. Bitcoin can do its own thing and altcoins can become whatever they want to be but as soon as bitcoin itches, altcoins will itch too. You catching my drift round here? You don't need to change a working system just cause the system dependent upon it has its own sets of problems that it could solve on its own if time and effort was provided. The bitcoin network does not need to be stabilized at this point, nor is it as important as you think it is. If you want stability use USDT or any other stablecoin. Problem solved.
534  Other / Meta / Re: What new changes would you like to see on Bitcointalk in 2024 ? on: December 31, 2023, 10:16:03 PM
I think the forum is great as it is although of course, there are a few things that I would love to see at least in the foreseeable future if not at once. Before anything else, we all know that 2023's been a very tumultuous ride for the forum but we're still in one shape! Congratulations to all of us, 2023 was not a joke and I think I speak for everyone here when I say we're happy you're still with us, whoever's reading this.

Now, back to the focus of the discussion. So I got a couple things that I would love to see more in this forum, first off, a more standardized meriting system. The merit system when it was introduced is one of the most awesome things about the forum. It allowed people at least in paper, to actually be incentivized for putting in the effort to create productive content, but as it stands today, merit sources who are supposed to be able to provide merits as they see fit had to wait for weeks, sometimes months in order to get their merit bags filled so they can approve of good content. Now I'm not solely putting the blame to the mods or whatever, it's just the fact that most of us here are sitting at 40 maybe 50+ merits which we could've shared towards each other.

It would be really awesome if there's a standardized merit system, such as if someone who's sitting in 20+ sendable merits aren't able to send any of his in the next 120 days, it goes back to the pool to be shared amongst merit sources so they can carry on with their work. That way our poor heroes wouldn't have to beg or wait to get their jobs done.

I also would second putting out a standardized newbie introduction board/place so newbies wouldn't have to introduce themselves or ask for the most common stuff in high-level info boards and forums. It ruins the environment and incites the same action towards newbies which dilutes the quality of the board. I heard that this has been in the works already but I wanna see it at least in the next 3-5 years. Should do our forum a massive solid that way.
535  Economy / Economics / Re: SBF-Denies Improper use of Customer Funds in a 1 on 1 Interview on: December 30, 2023, 11:12:46 PM
What he may say has the same credibility as that of some of the scum that swarm the forum and some of those in cahoots with him: in other words, none.

I already commented it some time ago in another thread: I remember seeing in an interview a psychiatrist saying that very rarely people who commit crimes admit they have done something wrong. In other words, the one who rapes a 9 year old girl justifies it by saying that she "provoked him", and things like that.

That's why I'm not surprised that now this asshole comes out saying that he hasn't done anything wrong. The only thing I hope is that he spends many years in jail.
Doesn't take a rocket scientist to tell that he's lying, and to figure out why he was lying in the first place. He's already in hot water following the collapse of FTX and the crimes that he is being punished for, best to do right now is to not admit to the allegations and further fuel the hate he's getting. Although I don't really see why the rape analogy fits this cause in the interview it's not like he's blaming other people too for it, let alone blame the customers for being so stupid to trust him with the money. Plus that's just poor taste man. Anywho, your hopes are about to come true cause one by one court proceedings lean towards him receiving decades of jail time for misusing the people's funds and manipulating the government into being lenient with his bullshit (the fact that he funds politicians so they would favor him in the future or whatever). Even his girlfriend wants nothing to do with him now lol the bitch is literally avoiding everyone involved in the FTX case as if she didn't get anything from his business.

Knew from the get-go there was something off about this motherfucker from the Nas Daily short documentaries, now that he's outed I'm just happy we see him for what he truly is and I hope the victims get their full recompense. Cause it sucks losing money, let alone money you trust to give you financial freedom.
536  Bitcoin / Bitcoin Discussion / Re: Buying and Losing My First Bitcoin on: December 30, 2023, 10:59:51 PM
Bitcoin is still completely illegal in my country. I was first introduced to Bitcoin through a friend of mine. I first bought Bitcoin in early 2017. I bought only 25 dollars worth of bitcoins then. The feeling of making the first investment in life was different. Although I wasted that Bitcoin by investing in a third party hype site. I had a hard time losing my first bitcoin.

How did it feel when you first invested in Bitcoin?
Nothing much really. For the most part I knew little bout bitcoin way back then and only invested in it cause I heard that it could give me some monetary gains nothing crazy, but when I saw just how much it has grown in value over the years I fell into the realization that bitcoin isn't your dime a dozen crypto or investment venture for that matter. It's too powerful if I do say so myself. When I first bought it (Actually earned it since I didn't really buy bitcoin and only got it from working in a signature campaign in the past), I didn't really think that it would shoot up this magnificently in value and in importance, but yeah I quickly lost it too, lost all my crypto assets in just three years and took me a long while before I got back in the crypto business with a newly-envigored passion for money and a brand new perspective about cryptocurrencies. If you lost your first bitcoin and you could still earn some, don't fret and actually work on getting your losses back instead of being mopey and sad about it.

Also sorry about you not being able to buy bitcoin nor hold it cause of you country's bylaws. Please understand that your country has their reasons to ban it, perhaps they don't know how to tax bitcoin just yet or they are afraid of how powerful it will be in the hands of people who does Money Laundering for business. It's a bummer but there is a method to their madness.

537  Bitcoin / Bitcoin Discussion / Re: Am I Too Broke To Own Bitcoin? on: December 30, 2023, 10:38:03 PM
To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.
Broke is a state of mind as they say cause if there's a will, there's a way. Now unless you're in abject poverty where all of your money gets spent on nothing but your basic needs for living, I don't think you wouldn't be able to afford investing on bitcoin. A lot of newbies think that in order for them to profit in the crypto world they must own one or more whole coins of a certain project, that simply isn't the case my friend. There are a lot of ways for you to be able to still have  stake in the coin of your choosing without having to spend so much money in one go. DCA (Dollar-Cost Averaging) being a prime example of that. You consistently put in a specific amount you can afford into an investment venture you chose, which in this case is bitcoin, and watch as your money accumulates along with the potential profits you may harbor throughout that period. I think it's something you should look into since you're not that confident about being able to buy bitcoin in one go.

First off, learn how to budget, in reality since you're earning more 1000 bucks you pretty much have it better than 80% of people in the planet right now. Learn how to budget and see which expenses could be dropped off and which couldn't. I say cut off that Netflix subscription and watch pirated films instead lol.

You're not rich enough to buy or hold bitcoin? Well you're not broke enough to not be able to accumulate it either. Make your choice my friend.
538  Bitcoin / Bitcoin Discussion / Re: Ordinals website is under a DDoS attack on: December 30, 2023, 10:04:51 PM
Are you one of the attacker? /jk.

What they could gain from DDoS attack? if they didn't hack the smart contract they won't able to access the tokens and make money from it.

It's also not going to make people can't send their tokens, right?
A lot actually. They found a vulnerability in the Ordinal's home network, they can capitalize on it and conduct hacking schemes to either steal or destabilize the project from the roots cause as far as I know for you to be DDoS'ed the attackers must know what your identifiable network address is right? Or correct me if I'm just blabbering nonsense here lol. . They could also just be trolling and giving shit like this to Ordinals in the form of a warning sign but judging how much hate they have harbored in the past few months this year, I highly doubt it. DDoS attacks aren't really that dangerous per se but the consequences of being attacked like that could be massive especially for an indie project like them.

I couldn't say the hate against them is uncalled for either. They literally fucked the whole bitcoin network system by introducing NFTs lol. but at the same time a part of me knew that one way or another a project like Ordinals is going to come and they are going to fuck the system up since bitcoin's not really built for shit like that. So is it really just Ordinals' fault that they tried to pursue innovation or is the bitcoin network's complacency in issuing a viable change in the system so transactions couldn't be this congested partly to blame as well?
539  Economy / Economics / Re: Ditching US dollar on: December 29, 2023, 11:12:39 PM
Iran and Russia both are big source of oil, supplying oil to many countries. Both countries are economically strong and have a very good relationship. Russia is also part of BRICS while Iran will join in the Jan 2024.

Now news come out that both countries are trying to ditch US dollar for which they have now planned to trade in local currencies. what do you think this movement will help both countries? will It has any bad impact on US dollar?


Of course it's going to badly impact the US dollar, just how severe should be the question you should be asking. These countries that have become part of the BRICS alliance do not have the best relationships with the US ever since, and yet despite that they still depend upon the US economy a great deal. So in that regard I still think there will be a substantial impact upon the US dollar should they continue with the ditching of USD. One can argue that they could bar the US from receiving export and resources like oil, which will severely affect the US economically, but I don't think it's oil that will be the biggest denominator in this battle of attrition really. Especially when the world's turning towards electric vehicles and everything that's automated.

I think what could really affect the US economy here is the prospect of a formidable foe that could thwart the western superpower economically and in the military sector. Much of the countries in the BRICS have their fair share of nuclear warheads and weapons that they can detonate at their disposal and since the US is basically fighting in a 1 vs. everyone situation here, the mutually assured destruction caveat don't apply.
540  Economy / Gambling discussion / Re: How should Lotteries be categorized? on: December 29, 2023, 10:28:00 PM


With all these factors laid in front of you, would you still think that lotteries are supposed to be linked with standard gambling systems, or should we set them to a different system/standard from here on out? Answers please.

What kind of different standard or system should we categorize it with,  you did not give us a choice or another category I've been betting in our country's lottery system and if you ask bettors 10/10 will answer it gambling because you give out money in the hope that you win.

Whatever your chances are all the factors involved in gambling when it comes to the gambler's mindset are all here, whether you point out the difference between gambling and all the other kinds of betting, it's still gambling.
That's my question as well that I'm trying to ask you guys lol. The thing is that some people like to categorize lotteries as sweepstakes as prizes are often shared amongst "winners" but at the same time, this happens so rarely (at least from my understanding) that it may as well be considered that only one guy's going to win every time. Due to how different things go for lotteries it makes me feel like it should be on a league of its own but at the same time compared to every other type of game in the gambling world there should be a category for it or at the very least games that it could be compared with. Which is sadly non-existent for lotteries.

I categorize lottery as gambling the way casino and sports bets are, because you place a bet in all of them and hope to win. There methods and risk levels are different but their ends are the same either win or lose, play and depend on luck so you can win the bet. A gambler can win millions in lottery, but the chances of winning it can be one in a million chance, they play and the lottery company spines the weels. In casinos, gamblers gets to play the game by themselves, you win and gets paid, you loose and lose your money. Then in sports bet gamblers predicts matches and stakes bets, if predictions are correct then they receive their winnings, if not, then their money is lost. So lottery is definitely gambling, because like the others you bet money to win or lose.
I can see your point but at the same time, should it really be fair for players to loop sportsbetting (with virtually 50/50 chances of winning) and regular gambles (with a little bit of house edges) against lotteries with trillions if not quintillions of possible denominations and winning combinations, as well as an astronomically low chance of winning? If I'm a total newbie and I see someone saying that lotteries are simply the same as sportsbet and regular gambling and I don't win or I don't see anyone win in the next raffle, is it really something justifiable? I don't think so.

What I'm really here for is a little bit of an information campaign so people don't go thinking that lotteries are for them just cause they don't have luck with other gambling games.
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