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541  Economy / Gambling discussion / Re: Appropriate percentage of income for gambling on: December 06, 2023, 06:08:37 PM
Use the smallest possible percentage for gambling from your monthly income even if you have a large salary out there while you increase the percentage then it is quite worrying because of the fear of increasing the amount of the percentage because we feel we have a large salary.

That's my current rule of thumb in gambling, depending on how I win in it: for example, I have won in any gambling and have exceeded the initial capital limit, then it will be set aside in gambling to continue some of it is withdrawn for other purposes maybe fun outside gambling.

If I lose, it will be put back a small percentage like the original plan above.

There is nothing that beat proper planning especially when it comes to anything thag involved money. When you see people say use a percentage from your monthly income(most often than not 1%), some others think it's an exaggeration but to be honest, nothing beat that in gambling. Sometimes, I will be just on Twitter having my normal time on timeline and then I saw a betting codes from a friend and I get tempted to bet on such games but when I remember that I have an allocation and I can't gamble more than that, I stopped instantly.

When you are limited with an allocation, it gives you time to think before pressing stake orbet because as soon as you bet that money, then you know it's not coming back, the coming is under a probability and doing unnecessary and wasting money on bets is limited, with that even addiction becomes very low as you don't even get chances of becoming addicted gambler.
542  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: December 06, 2023, 06:01:09 PM
Girona's quality may only be good for La Liga and to measure how well they can manage their busy competition schedule they will have to try to get a place in the champions league next season. I agree that every team must have reserve players who are as good as the main players and that is what Real Madrid and Barcelona currently have, so however, Girona, with the depth of their current squad, I don't think can match these two teams in the title race. Being able to finish in the top 4 is a very realistic thing for them.

I want to check something and that's going to be what will happen to Girona when they meet Barcelona team because so far in this season. They have only lost a single match to Real Madrid and 2 draw, this team is playing like they have been here like this but there is something extraordinary about this team and when I check, I only found out that the magic is Artem Dovbyk, a low budget player they bought around August but it turn out to be a super star of the club this season.

Barcelona has tried despite drewing 4 match this season only to sit close in good range and if they win their next match, then the league is still hot because Barcelona will definitely want to overshadowed either Girona or Real Madrid when they make a mistake but I still think that Real Madrid will not let go of this season, they have played too much in the last tow season but they wouldn't let this one slide down the drainage because it's coming home.
543  Bitcoin / Bitcoin Discussion / Re: "Bitcoin investment is the key to success" on: December 05, 2023, 07:40:57 PM
Although I am a new user I haven't spent much time here on this forum. But I already had some knowledge about Bitcoin since mid 2022. At that time I was in college and knew about Bitcoin since that time I saved my college stipend money and invested it in Bitcoin and gradually saved fractions of good Bitcoins there. When I collected and invested my stipend, Bitcoin was at a much lower value, and I made a lot of profit at this point. I might have made more profit if I had held it longer, but I bought the thing by selling bitcoins for one of my essential tasks. I had an opportunity to study in university after completing my college life and there I really needed a laptop but didn't have enough money to buy it, family financial problems were also a lot. Having no choice, I sold my invested bitcoins to buy a laptop for my work needs, and I decided to study there as well as freelancing. However, the current bullishness of Bitcoin that I see in the market seems to indicate that Bitcoin will rise even more very soon.  If I had held on to my bitcoins I might have made more profit when the bull market started. But I have no way to do this because I don't have money, but I will try to raise money and invest again in bitcoins to hold on. However, I have benefited from selling my bitcoins currently and using them for my needs, but I feel like I missed out on a huge profit.

You obviously brought when the price was low and but you were limited with device and sold to buy bitcoin but I don't understand your motivation towards the laptop. You have a phone which can give you basic to buy and sell bitcoin, you don't need the laptop in the first place except if you aspiring to be a trader but your story line didn't say much about been a trader but an investor that buy and sell bitcoin or perhaps should I say scalper that buy and sell as bitcoin swung in chart.

The mistake you have done now is the same mistake that many people have done many times and are not happy about. If you plan to hold bitcoin, do so but make sure no external pressure allow you to sell your bitcoin whether you plan to hold for long term or for short term. Don't ever trade it for anything except when you have malnutrition in health, that's when you can sell otherwise never sell you bitcoin in other to achieve your initial goals.
544  Bitcoin / Bitcoin Discussion / Re: $40k Price Target Achieved on: December 05, 2023, 05:56:36 PM
On 7th June, 2023 I posted on my TradingView and even here on Bitcointalk that Bitcoin is ready for the next move i.e. to reach $40k.
And it finally happened this week. Bitcoin price is clearly at $41k and it took 168 Days or 24 weeks for the target to be achieved.

If you all are not sure about my Final Bitcoin Bull Run price target, it's $173,566 Before November, 2025. (https://bitcointalk.org/index.php?topic=5463885.msg62722173#msg62722173)
Time to buy as much Bitcoin you can buy and just HODL.
 Wink

As I'm typing bitcoin has juts cross over 43k benchmark at 5:50 pm forum time, what a time to be alive to see bitcoin recovery but I guess there must be a dark green signal of ETF for Bitcoin to have this momentum all to itself, I think before the end of the year bitcoin will crossover or trade between $50k. However, I'm happy to see this but what happened after this run, it's going to collapse like the old time days or will be stronger with the incoming institutional investors.

Another thing I'm curious is the bull run, we are some months away to bull run and it seems the recovery is faster than what I expected this season of halving, I'm just curious to see how the market is going to behave on the bull run. The last one we had I think dump on that day but seeing institutional investors pured millions into bitcoin, maybe it's here to stay strong this time.
545  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: December 05, 2023, 03:43:45 PM
Well it is a football match and anything can happen. But the book makers odds are with Arsenal. The game against Wolves was a strong match but when Arsenal scored 2 goals within the first 20 minutes I knew it was over for Wolves even though the game took a different turn
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after then. But football is full of surprises let's just hope Arsenal doesn't disappoint in today's game.

14 games been played but Arsenal seems to be stronger and wanting for more. They don't want to dominate but the difference aren't too much yet in the standing and the earlier they do that now, the better for them in the continuation because we know that Manchester City are very manipulative in making ways out of no where to the top of the table even if the season is not in the favour, they are just good in strategizing but I think Arsenal against Luton wouldn't be a problem, they will win this surely.


Yes these two teams are not in good form overall, and that means as you said equality makes both teams have the same chance, but maybe on the other hand I'm not entirely saying it's Chelsea, because lately they are quite consistent in giving surprises. Although in terms of standings statistics Manchester United are far above Chelsea but that is another thing, we can see how Chelsea have been playing lately, holding a draw against Manchester City and Arsenal is not an easy thing for most teams in the EPL, but Chelsea can do it, and I say it is not just luck, but indeed Pochettino seems to have managed to do something to his team even though it is not too prominent.

I don't see too much difference between Manchester United and Chelsea but the reds are doing better than the blues, forget about the draw they had during their encounter with Manchester City. That's probably the best game they have played well this season buy does that matter when you couldn't do move up in the standing, they are not that impressive and I'm afraid to say that they will remain like that until a big transition is done to that club.

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Another surprise is that even Chelsea can get the full three points despite only playing with 10 men in yesterday's match against Brighton who are now also standing above Chelsea in the table. I don't want to get into how Manchester United are doing, there's nothing I can say for the Red Devils other than "they're terrible this season", nothing to be hopeful about. So in conclusion it probably looks like I'll be betting on Chelsea in this one.

I didn't expect less from them because it was played in Stamford bridge where I expect them to be dominance but they struggle thought out. It's now left of them to push Manchester United this week but I expect over 1.5 from this match. I wouldn't trade any other options apart from that in mind.
546  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 05, 2023, 03:20:07 PM
Gabriel Jesus is no worth than Vlahovic. Actually I think they are at least equal in quality and I also think that a highly technically versed player like Jesus fits better into the team, the system and the style that Arsenal is playing. This could just be my taste and I wonder what everyone here thinks, but what did Vlahovic achieve in his career? Everyone thought he would instantly breakthrough at Juventus, but he isn't as strong as most people thought because he scored so many goals at a young age for Fiorentina. This doesn't mean he is bad, not at all, but we are talking about a player who went from Fiorentina to Juventus and got worse.

I hate to see when people speak without facts. You know ball and in addition to all you have pointed out, Jesus has had 14 appearance this season and has scored 5 goals while Vlahovic has seems to have appeared 13 times with 5 goals, where exactly is any argument needed. The two of them are good but with Jesus position, he ought to have done better by far this season, look at his friends like Saka and Nketkiah with more goals than him despite the little appearance differences.

Gabriel has done a very significant amount of goals on Manchester City and I believe it was because of his records he attracted many people attention but Arsenal got the bid but this consistent injuries is bad for Arsenal business and I think they will sell him very soon than expected. This was how Hazard became burden to Real Madrid until man became a norm benching device that was never useful and couldn't be sold,  I hope Arsenal are not following the same route of investment.
547  Economy / Gambling discussion / Re: Importance of Gambling to the society on: December 05, 2023, 03:02:04 PM
Yes, behind all that, it is important or not important depending on how each person views it, for governments that legalize gambling, of course they get tax money from gambling, so it is very important for them to see that their people gamble to increase the state government's income and develop the country with that tax money too. can also help the community from the tax proceeds.

On the other hand, other gamblers consider gambling to be important because they consider gambling games as entertainment, not just for making money or spending money, all users and the public even get entertainment from the many games provided by the casino, at least it can eliminate feelings of boredom at work. However, it all depends on people's mindset towards gambling.  Wink

Gambling is instinctive figure to the society, even if when the government see it as an avenue to get money and make plenty of revenues from it, individuality is diffirrent. Religiously, some people believe that gambling is offensive in the faces of their creator and anyone who indulge in it has committed a sin before their creator, this is how the view gambling and it remain bad to them no matter how you try the society or the government may justify it.

I don't believe government legalized and allow people to gamble because it's an entertainment, it's nothing but taxes milking, that's the only thing they are good in when it comes to citizens, the don't value what happened after to th citizens. I believe that if the government has provided good job opportunities, the activities of gambling will even be less because I don't see how you are too occupied with office work and perhaps projects to deliver to client in a limited time and then you prefer to stay all night and be gambling, the jokes is on the government and they know what they are doing.
548  Economy / Gambling discussion / Re: Casinos after the shutdowns of mixers on: December 04, 2023, 07:50:46 PM
Now, you may be wondering about the connection between mixers related issues and casinos. The thing lies in casinos capability to facilitate untraceable transactions, enabling scenarios like depositing and withdrawing without a trace, potentially leading to money laundering.

The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.

Casinos are not mixers and Casinos can never be like mixers because Casinos don't have that mixing capabilities, they can't hide transaction and make it complex for the chain analyst to decrypt. The people behind most of the mixers are usually anonymous which means they can't be identified even when things go wrong and government agency cannot question how they operate and how they mix coins but casinos can be contacted and if they found out that a person has violate any thing, they will hand over the person identity to them because they mostly ask for KYC.

The government can easily work hand in hand with casino if there is any foul play or any hacker that try to launder money through the casino and they can be easily caught, no serious criminal person will ever look at the casino and want to use it to launder money, they will be trace easily except if there is no KYC and most of the casinos that weren't KYC has become compliant to the government, the have asked their people to undergo a KYC exercise.
549  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: December 04, 2023, 07:36:26 PM
Manchester United don't lack rich ownership, good management and skillful players, however this club didn't succeed from a long time. Their fans are waiting for a trophy since 2017 Europa League title under Mourinho and last EPL title in 2013 under Sir Alex Ferguson's. EFL Cup isn't that important comparing to EPL and European competitions obviously.
I think Ten Hag is a good coach but he failed so far to upgrade his team to be challenging for top clubs. He sometimes fail to collect three points from mid-table teams..
Manchester United are in the 7th position thanks to Brighton defeat but next game vs Chelsea isn't reassuring and they can drop in ranking if they lose it.

When are we going to draw the line and accept the responsibility that Erik Ten is not a good match for Manchester United. You even admitted about the club historical performances, had EPL title in 2013 and since then, nothing great has been achieve by the club, isn't that a laughable club despite all the chear up to get them at the club, but in the end nothing good to show for it, today they are doing good and the next day they play poorly like they don't have a coach.

Look at their position in the standing, about a week ago, they were about come near Tottenham and Aston Villa but Aston Villa did performed well and has even cross over Tottenham to become number 4 but guess what Manchester did, they slipped down in the table and now in the number 7th. With this, do they still stand a chance with all this painful result shit? That's still depend on what they play before the end of the year.
550  Economy / Gambling discussion / Re: Do You Include Or Always Include Gambling In Your New Year's Resolution on: December 04, 2023, 07:25:14 PM
Only 4 weeks before we welcome a new year and new year for many is the best time to promise changes in their behavior, career, and habits, and many gamblers take the New Year as an opportunity to try to change something in their behavior or lifestyle and they do it through New Year resolution.

My question do you include gambling in your new resolution, and what's your New Year's resolution about gambling?

Let's talk about it.

Is there anything like new year resolution? I just think life is a continuation process, we shouldn't let people make us feel unimportant or feel like we have not achieve anything great in life, whether this year or next year, there is no any difference between and my life will remain the way it's, my gambling lifestyle will also remain the same unless there is increment in the amount I make, I may increase my bankroll.

Regardless of all, I will try some other casino games just maybe I might do well in that aspects. I will try out those games if they are profitable to because I don't have any time to waste any money on unnecessary games. My next  line emotional control is to give my self zero tolerance when I lost and move on quickly and never look back. There was a time I tried to avenge a loss and it was even worse at the end. So, I will take necessary measure by next time.
551  Economy / Gambling discussion / Re: Money laundering in crypto casino on: December 04, 2023, 06:09:21 PM
We all know the recent issue about the mixer status here in the forum. Crypto casino is also being use for money laundering by some criminals that’s why every casino has AML policy.

I’m just curious what will be the fate of crypto casino once money laundering activity from mixer will jump to casino now that mixer will not be advertised here which means it has less exposure. Is there any possibility that crypto casino will be seized by the government just like what happened to mixers in case they failed to screen the laundering activity?

I don't know why I find this funny but I hope you know that even the small club around your area launder money every week through the illicit drugs they sell and also other criminal activity you can mention but I understand that gambling and mixers are the current problem because of the current hunt down by the government officials but just know that any business that is involved in legit sales can launder money and your government may never find out anything going down like that when they investigate.

Now in gambling, I want you to understand one thing, when you deposit money into gambling, the coin(bitcoin and other altcoins) into their single hot wallets and after you start using the money to bet, they withdraw it to their main hot wallet until when you are ready for withdrawal they send from their hot wallets again and they have many of them. They know that anyone will want to clean their money through that process, so they have a policy which is, you need to first wager atleast an amount before you can withdraw and that process can make you loss some amount to the casino, so when anyone plan to do such, they can end up losing half amount of what they deposit in the casino. Through this, many of them ignore casino to launder money.
552  Economy / Gambling discussion / Re: I could have won bigger. on: December 04, 2023, 06:01:50 PM
A friend of mine collected $10 from me earlier yesterday and I wanted to use the money to gamble, but based on, he is my friend. I gave him the $10 he asked for, and the guy said he would return the $10 back ASAP after 3 hours, but he didn't and the $10 was the amount and same money I wanted to use and stake a bet (I have some coins but don't have cash and I don't want to sell any penny of my coins for any reason). But letter on, I used 1000 naira ($1) to stake the bet and I won 49,814 naira (about $50+).

Now I am angry at my friend because he didn't keep to his words. Although I am still happy about the win, I wish he had given me back the $10. Then, I would have win bigger money.

It's all fun when you win but get angry or sad when you lose the ticket. You should never feel sad or regret that you bet smaller amount, it's normal thing and I think as a good management in risk, you have done the best thing any other gambler would have done. If you have put more money on the that game you just played, that's when you end up losing the game, you didn't expect it that's why it even came, the ones you put much expectations usually end up badly.

The game you even selected are very much okay to put good amount(amount depend what you can afford to lose), lower multiplier should have attracted high amount so that you can win something big but in this your game, staking high was what you should have done but nevertheless, it's not bad because you bet with what you have in that moment and you shouldn't never regret about it.
553  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: December 03, 2023, 06:59:29 PM
It is very clear that Manchester United will not qualify for the next round while the remaining matches are one game behind and worse still have to face Bayern Munich and the opportunity to continue to third place to be able to compete in the European league also seems to be very difficult for Manchester United and miracles do not happen. will be able to help this club.
This bad performance created quite a lot of pressure on Erik Ten Hag which left him with endless bad things and as long as he was given a long time the coach could not give his best and I hope that there will be a new coach who can replace Erik Ten Hag's position.

I think it's pointless to give Manchester United any confidence of coming out successfully from the group stage to the next stage, even Europa is not guarantee right now in this stage but I know that it's not a good thing to give up even when there is no hope. If Manchester United comes out of this creepy hole and make a good way to the Champions League, trust me they will go far after that because they will be the most luckiest team to come far after all the gimmick that is surrounding them.

Erik Ten need to do better and scold players when necessary, he is always defending Onana but I get his reason, he doesn't want to be judge for making bad decisions about the player he thinks was better than David De Gea but I still prefer De Gea over any goalkeeper that Manchester United and Ten Hag will bring to that team.
554  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: December 03, 2023, 06:20:28 PM
I saw yesterday match and felt sorry for Granada without being able to do anything and only being able to defend even though they tried to attack but were attacked again by Real Madrid players and I also initially thought that Madrid could at least score 3 scores but in fact Madrid was only able to score 2 scores because of the players Granada almost entirely focused on behind the defense so Bellingham and Rodrygo had little difficulty scoring.

and Girona match against Vanlencia made me a little surprised because in first half until middle second half I could not score and surprisingly in 80th minute I was able to score 2 scores and managed to steal 3 points.
with yesterday match it was very clear that Girona still wanted to survive chase Real Madrid points.

I felt bad for them because they were not upto standard to stand Real Madrid but who cares? They signed up for the task and they have to dance to the tune of the music but unfortunately, they are relegated team that is struggling and trying to leave the relegation than care about the top 4 or 7. It was so bad that they didn't have a single short on target which means that they couldn't make any attempts to even score goals with 30% ball possession is not worth it.

Some teams actually do surprised us with matches against big teams but this time, it's just like we are having under 17 playing against full squad of a club but I will like to give them bite of confidence in defending there home greatly because despite not been able to score, they did defend greatly because they didn't allowed Real Madrid to have much goals because they really did well in that aspect but center forward didn't deliver their part.
555  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: December 03, 2023, 06:06:47 PM
Sure enough, the match was exciting and will be even more exciting because Manchester City really wants to win this match. Several big opportunities failed including Alvarez's shot which hit the post. Currently Manchester City are 2-1 ahead of Tottenham and will probably score another goal in the second half as I think they have a good chance of doing so.

I'm still trying to understand why Manchester City are been gentle with Tottenham, City should have know better that Tottenham has been packing behind since they loss to Chelsea the last time and ever since them, the predicament has not stop, they should have given them more tackles but from the looks of th game, they have allow them to have shorts on target than even city and that cost them with Tottenham been able to equalized. Who knows if they wouldn't add more goals to Manchester City.

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The chance for a draw still exists, but if Manchester City is able to maintain and increase the tempo of their game in the second half then I think your expectations are unrealistic. Manchester City's performance in this match was very good and I don't think they will end the match with a draw. I know you don't want to see Manchester City continue to take points away from Arsenal at the top, but that's their job.

The draw has already happened but I don't expect them to draw in this match, even if that should come from Manchester City, it's not on Etihad because they are the ones hosting Tottenham and allowing that to happen is a big shame to them, even with the ball possession they allow Tottenham to get back at them.
556  Other / Beginners & Help / Re: Treat exchanges the way you treat your casino accounts. on: December 01, 2023, 01:34:16 PM
It should be common knowledge by now that we're not supposed to leave our coins in an exchange, sadly it's not.

Some people feel we should ditch centralized exchanges altogether. I buy into that idea even though I've not fully stopped using them.

I don't quarrel with using centralized exchanges, my quarrel is with leaving your coins in them.

Using a centralized exchange is different from leaving your coins on the centralized exchange. Privacy and security are two different things, when you use the centralized exchange, you don't have any privacy about yourself because with the mandatory use of KYC under the AML(anti-money laundering policy), you will be forced to submit your details to the centralized exchange before you can use any of their services and by that, everything you do and how you do is in their palm, they watch everything you do and you have zero privacy from them.

Leaving your coins on the centralized exchanges is practically zero on security, because "not your keys, not coin" and when anything happens like the company becoming illiquid or exiting, you will have yourself to blame because you don't have the private key to that coins and you will have nothing to withdraw in case of emergency like that and the centralized exchange can even seize your coins if they found you suspicious.

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Those of us who gamble might get this better.
When dealing with your online casino accounts, you usually just fund them with the amount you want to use in gambling. It's usually funded from your bet accounts or wallet. You don't leave your winnings in that account. You withdraw them to your bank account or crypto wallet.

The same logic should be applied to your exchange account. Fund it with just the amount you want to trade or exchange. For traders, you can withdraw your profit into your wallet and leave only the amount you want to trade with.

We have an opportunity to have full control of our money. A system different from the traditional banking system, so what purpose is moving from the traditional banking system if you'll just end up keeping your money in a centralized exchange?

This is also individual, there are people that still leave their winnings on gambling platforms with the hope that 2FA and password will protect them from external hackers getting access to their money while some people withdraw their earnings that same day, some weekly and some prefer monthly just to understand the inflow and outflow of their money from casino. However, the best thing is when using any centralized platform and it involves money, don't ever leave it in their custody.

557  Other / Beginners & Help / Re: Precautions For Safety This Yelutide Season on: December 01, 2023, 01:11:23 PM
There's no father Christmas anywhere, may people are loosing their money all with the aim of them making more to it through what they found online, we must not be too attracted to high promising offers that are too much to be real, if you must Invest, go for bitcoin, avoid unnecessary hyped altcoins, the way they rises they also comes down, be careful on other promotional offers, many are scam, they only want to waste your time or deceive you into making payments with them first and left you empty, avoid links and downloads that are unsolicited.

Lastly, be contempted with what you have and make wise investment out of what you have earned, use a non custodial wallet for your digital assets, remember that not your keys not your coins.

Scaming happens not only in the cryptosphere but across many places that harbour December celebrations because of the holiday but I love the reminder. I also think this space experience lots of scamming activities that such type of scams are nothing new again but more importantly, it is good to talk about security details and how to safeguard incase of any form of impersonation like:
  • Fill any form that involved submitting private keys and Seed phrase; avoid.
  • Giving out your emails and passwords.
  • Claiming free airdrops that may poison wallet addresses; in most cases, they wipe out wallet addresses when you interact with those airdrop platforms.
  • Don't accept giveaways, most time you will be risking your privacy because giving your details like wallet address tells them you may have coins in that wallet which can become a point of target.

There is nothing free, even the airdrops today require your time and maybe interaction with the blockchains, run away when you see anything free in the street of crypto.
558  Economy / Gambling discussion / Re: Using AI for betting predictions on: December 01, 2023, 12:59:18 PM
I have a developer who recently stumbled on multiple AI he uses for sport betting predictions, he uses it to generate sport bettings but none of the bets gets to be accurate as it generates tens of games. but when used to generate a much lesser number of games the predictions are sometimes  correct, at least 3 in 10 predictions of "multiple" bets.

But he loves having 30+ games "multiple" bet to win big amount and so far it has been a challenge in the last 5-6 weeks as his winnings have drastically dropped.


Should AI be relied on for sport betting predictions?

This AI is just like the human brain, I can make some accurate predictions when in small numbers and they will come true for me, no big deal about that but when I want to go long, there will be a lot of discrepancy in my predictions, that is why most of the time it is very difficult to win many matches of predictions. I think why AI cannot predict betting is that because they don't control what happens in the future. They are loaded with past results but they can't tell you completely what happen tomorrow just like the human brain because you can't tell if Manchester City has a match tomorrow and then Haaland go for injury, it is impossible to guess everything but the current performance of an event can help win sometimes.

If AI is developed to win and predict games, trust me that gambling companies will be worried by now and will protest against the use of AI because it will be killing business and everyone who gambles will start to make money from gambling and the companies will be forced to exit the business but you can see, there are some things that we cannot change in the system because it will cheat not even the company, a time will come when AI will be out of human control and that will be detrimental to we human being.
559  Economy / Trading Discussion / Re: Most Traders are Not Profitable on: November 30, 2023, 08:20:58 AM
A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads

You are making assumptions with your information but agreed that many people that claim to be traders are not traders in real sense. They are doing videos and posting on YouTube channels for likes and ads to survive.  I mean, will real trader has that time to be making noise on videos with some random trend linee? The real traders are on their screen depicting how to know whether the market will go north or south, this doesn't invalidate real traders that are out there making it from the market.

The affiliate program is the most popular you see around their channel and the ones that will always ask for coffee money as if they hardly have difficult time in having breakfast.

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- Having a paid course.
- Trading signals
- Selling trading merch
- impressions
- and others.

The true 5% of traders that are very successful and profitable do not even have a YouTube channel (only a very few exceptions). They are strictly for trading only, day in and say out.

You didn't mention of the pay signal and private groups where they drop trades. They are always quick to show their profit but wouldn't show you the profit from the exchange market. Hardly will you even see a person from the so called signal group of sharing testimony about the profit they have made from trading, most of the time paid signals are nothing but home of scammers.
560  Economy / Trading Discussion / Re: Should trading be for the rich? on: November 30, 2023, 08:08:25 AM
There are people who have learnt how to trade, practiced on demo accounts for long but have not had the money to try trading on the market, and so they have abandoned trading to try search for money first. While there are others who have too little income, that they cannot profit from the market trading, they are always worried about loosing and because of that they make mistakes with their technical analysis and end up loosing the little money they have. Should trading be exclusive to financially comfortable and rich because of how risky it is?

It can only be an excuse for people who are finding it challenging to trade, trading is not exclusive to the only rich only but if you have more money, you will enjoy it very well.

Trading is like investment, the more capital you risk, the more profit you are bound to have but again, that depend on your management skills. If you don't have good management skills, the riches can turn poor over night if you don't do well in trading. You need to be well established and knowledgeable about trading whether you have small resources or have big resources.

As a trader, with large capital in spot you will only have large profits depending on your position and with small capital, you can only make small capital depending also on your capital. However, the goal isn't of trading shouldn't be capital alone, you should understand trading very well, with time and consistency the capital will grow into something big.
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