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541  Economy / Gambling discussion / Re: A gambler takes his own life after a loss. on: December 15, 2023, 04:32:50 PM
Honestly, I am very sad to learn about this unfortunate incident, this is one of those things that happen in gambling and it just gives gambling a bad name  and make it look like a taboo for anyone to engage in it, why on earth will a full grown man like this take his own life simply because of a loss of $3000, people loss up to $20,000, $50,000 in gamblimg and still move on with their normal lives, if $3000 was too much for him to lose in gambling, why did he stake it?

This is such a bad news, and I hope that we all can learn even more lessons from this, always gamble with not more than you can afford to lose, gambling is risky, to be on the safer side, gambling primary for fun and let the profit be secondary, this is something Ive seen other users say here, and I am still joining them to say same thing.

May his soul find rest.

I hope the soul find rest, this type of death are the painful one that the family will never forget, anytime a close relative or family member want to engage in gambling, even if there is no addiction yet or he has his money to stake and wager, they will be against it and if he want to prove stubborness, they will remind him how their son died miserbly from same gambling he his trying to do. This kind of sad time will forever remain a scar on the family skin because once they mention gambling or sport betting, it will always irk them and would be sad aboyt it.

A great lesson for people that are doing more than their pockets, always going here and there just to stake something because they want to make quick money, this is ow they always end. Under normal circumstances, that amount should have been used to start a business but he risk it and instead of him to swallow the pain, he chosed this path to hurt his life and the family.
542  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 15, 2023, 04:19:59 PM
He had a very high rating and was in a pretty decent form before he joined Manchester United that same season. It's either PSG of Saudi Arabian League, they would speed up the chase to get him signed. Who doesn't want such a great player in their squad? Really? He should not cost what? Ronaldo moved to Juventus at what age exactly? Harry Kane English International Captain has just joined Bayern Munich at what age please.?

Amongst the four names I saw, Casemiro was amongst them most likely to leave Manchester United when the transfer window begins.
They would also be without a top man like Kylian Mbappe, I agree with you they have plans to sign up younger players for the squad upgrades.

Manchester United will suffer a big loss if Casemiro leave the club, he has done an incredible work for that club because in all his career, he got his first red card in Manchester United trying to protect the club against all odd. In most of the games he was absent, they suffered losses both at home and away and the rest of the defenders are not doing well, they always need him but he got a another red card at the time the club need him the most. I'm sure that he will be rush by Saudi squads anytime he becomes a free agant when the market open and I'm sure Manchester United are going to earned well from this deal.

PSG can't deal with their own failure and now they are suffering from wron decisions they made, it is now they needed a young players to revive the path of the club. Thanks goodness Mbape didn't win the World Cup the second time otherwise they will have presented the club presidence to Mbape out love to make him stay in the club. Indeed a club only value your loyalty when they have something unique that you have, the soonest they don't see that again, they switch immediately.
543  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: December 15, 2023, 04:01:50 PM
Unfortunately, Mbappe never realized this and was only tempted by the large amounts of money he could make with PSG. Los Blancos fans are ready to ridicule Mbappe if he meets PSG and that is a moment that will make his mental state even lower. PSG's success was like a miracle that should not have come and I think Milan actually deserved to be in the last 16 because they still put up strong resistance even though they were away from home against Newcastle.

The goal difference is the cause of Milan's failure. If they can win decisively against Newcastle, it is possible that they will qualify, not PSG. It seems that not only Real Madrid will be happy to meet PSG, but other clubs will also definitely support Los Blancos to be able to bring PSG home again because everyone knows that PSG doesn't deserve to be in the champions league by relying only on money but never progressing as a club.

He was influenced by the people around him especially his mum, they thought what PSG brought to the table was way more heavier than Real Madrid, you know when you heard that your son has the supreme power to send out a player, who to start and who t bench and option to change a coach, that got into the head of the agents and his mum and they boycot Los Blancos but the Karma is really affecting him right now. Look at this way, if Messi and Neymar was around to give the club the Champions League they are despirately in need, but they failed, it is only him that can give that to the club, the chances are slim to be honest.

Milan and PSG both win 2 games, draw 2 games and lost 2 games which make them equal but Milan did conceded more goals in the begining, even they win more goals against Newcastle, the deed has been done from the goals they conceded and Newcastle is not even the type of the team they can have much goals from because they even as they worst this season, they are good in performances.
544  Economy / Gambling discussion / Re: Success or Fail? - Talking about Gambling as a major income on: December 14, 2023, 07:12:41 PM
Gambling is just for fun, of course it cannot be used as a main source of income. you still have to work that can generate income regularly that can be said to be the main source of income.
If you are a professional gambler maybe you can, of course if a professional gambler can make regular a profit.

If anyone have a good source of income and they are indeed good in gambling and predictions, I don't see anything bad in it as long it's done responsibly and they don't gambleore than they can afford to lose but for a person that doesn't have a job or another source of income and want to use gambling as an excuse to work, then I see such person as a lazy person and who is not ready to take responsibility of himself.

How do you take care of bills, have you thought how to survive if you have a family, a wife and kids? Have you thought about emergency needs. I'm just thinking how will a gambler who doesn't have a source of income other than gambling foot bills of the wife in hospital or when the kids are sick. It doesn't make any sense because you will not only hungry, you will have nothing on you except if you happen to be among the one percent of lucky people that does win jackpot.
545  Economy / Gambling discussion / Re: ⚽ Premier League 2023/2024 Discussion Thread ⚽ on: December 14, 2023, 07:01:27 PM
Since Ange Postecoglou took charge at Tottenham, they are having positive change massively. Their Tactical play and team's spirit are not like Tottenham before. This is the biggest factor of their resurrection this season. But this is indeed not enough for them to win the league. Their biggest issue is the quality of squad depth which has been proven poor previously that they collected just 1 win in 5 games after losing their key players due to suspensions and injuries.

Ange change the performance Tottenham to the extent they wanted to make Kane to think he made a bad choice of going to Bayern Munich but their main magic lies in their defensibe midfield. The second their defenders like Van de Ven and Madders their defensive midfielder got an injury, everything turn translucent to Tottenham, that was when they made their first lost against Chelsea and subsequently fall down from the top 4 and now are struggling to go back but if they keep the current performance, they will get their in time but the way others are fighting will only make the chance more difficult to climb.


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I think Aston Villa is quite similar to Tottenham, but they just haven't had badluck of losing key players. It's true that a team's performance over the entire season is a more accurate reflection of their capabilities than a short-term streak. Aston Villa's cleaner record adds to their credibility, and consistency is indeed a key factor to stay competitive at the top. A team like Liverpool who are able to maintain positive results while not playing at their best is a kind of toughest team to compete with. Even in contested matches, demonstrates their resilience and experience at the top level. It's exciting to see whether Tottenham can regain momentum, if Aston Villa can maintain their form, and how Liverpool continues to navigate their journey.

Aston villa have become concrete so hard to break, they didn't allow Manchester City to pass through to meet up with Arsenal and when Arsenal had match with to remain top with them on the table, they didn't let them have it too which have Liverpool and opportunity to become the king king of the Premier league for now and that has also earned them some points to stay close to Arsenal and Liverpool, if they win their next game and others didn't, they will top the table before Manchester City.
546  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 14, 2023, 06:30:45 PM
I don't think Barcelona can buy Osimhen because they lack funds in the team, but Osimhen will be a good substitute for Lewandowski, but if Barcelona needs to buy Osimhen, I think Barca need to sell some players to get the money and buy Osimhen and I am very sure he will help the club is a very talented player and he will win many trophys for them and he will get reward in the club, Lewandowski is becoming old, and Xavi needs to find some new players to replace him since his performance this season has been really poor, he can't score goals like he did last season, and I don't think he can win any awards because injury has weakened him.

Osimhen isn't going anywhere, he's already a done product of Napoli as they announced he is going to stay with new contract, there is an extension of his stay fill 2026 and he is going to have his salary revise and increased to one the best highest earner since the club has been in existence. I think he deserves it and they took it longer than they should have announced it, it's been more than 6 month since they won the Seria A trophy until now they want to make some adjustments for him, and I think it's because the January transfer period is here and offers will come from other clubs that's why they raised the bar quickly.

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Barcelona has good midfielders but they need defenders and strikers xavi needs to sign some new players in this January transfer to help the team better because how they are playing in the league I don't think they can win any trophy this season, Girona has broken Barcelona record this season because whenever they play against Barca they used to be defeated, but they play very good game and break the history I don't believe they will defeat Barcelona like that, Xavi must find a solution because I believe Barcelona cannot compete with others even in the Champions League round of 16.

I don't know why they sold Ansu Fati quickly, I knew they are going to make ammendment to their positiona because look at Lewandowski, he was around for the club this season but Spain doesn't feel his impact like last season. The hype has died off, Barcelona need to make some demands when the January transfer come else the season domestic league will fall out from their hands so fast.
547  Economy / Gambling discussion / Re: Target your wins in a series of bets on: December 14, 2023, 05:57:01 PM
I just felt I should bring this up here maybe it will help someone in managing expectations and the entire gambling process.

From experience, I have realised that many people run into problems when they focused so much on winning a particular bet amd when such bet fails, they easily slide into psychological crisis.  Considering that gambling is a game of probability with the chances of losing higher than that of winning, it is therefore expected we work out ways of approaching it so we can remain profitable.

I think when you have a financial problems or need money, that is not the best time to gamble because you will only be making the wrong choices, you wouldn't make the right choices and the chances of winning will always be low. However, I want you to know something for a fact about gambling, your selection is independent of what you think or conclusion. You can make the right selection but sometimes don't have power over what happened next, the result is conditional to what happen in the field.

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One way of approach is to focus on winning certain number of bets in a series of bets. For instance, you can target to win at least 4 bets in a series of 10 bets with the odds being at least 5 odds. This way, you can lose 6 times and win 4 times yet you still remain highly profitable.

This is my approach and through it, I don't get depress over few loses. This method works for me and I feel it will also work for others. Your opinion are highly welcomed.

Nothing is guaranteed in gambling, you can make a single selection of bets and you will get the biggest shock that it wouldn't come home, you will lose that bet faster than when you make 10 selection of games and the problem with smaller odds is that those with smaller amount don't get good return anytime they bet. Imagine you selected a game of PSG Liverpool againt Luton town and you give Liverpool x1 win chance only to be giving 1.21 odd, how do you bet that on $1 supposing you convert that to a local currency. This is the reason why some gamblers like to keep trying multiple odds to win a jackpot one day.
548  Economy / Gambling discussion / Re: Sympathetic gamblers looses itself on: December 14, 2023, 05:37:24 PM
I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.

When you gamble more than you can afford to lose, what did you expect to happen when you lose, there is no way happiness will reside around you when if you lose but when you gamble with a moderate amount that you can confidently overlook, trust me you will feel absolutely nothing if anything should happen or if you loose consecutively.

I have people that have lost the entire amount of money I have bet throughout my adventure in gambling but I think everyone is responsible for their actions, if you can wager half a million I believe you have that power shoulder the loss and if I bet $1 to a game, I believe that's the amount I can afford to lose and I don't have to compare my loss to what others have loss because I believe we haven't win the same amounts.

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This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.

They are basically to believe one who lost $20 has lost more to them who looses $10.

If you go bankrupt gambling, you should have yourself to be blame, I don't think I can feel for such person because it's irresponsibly of a gambler to rise from having money to live comfortably to having nothing at the end. It's always on my repeat plan, don't gamble with the amount you can't afford to lose, isn't that difficult, isn't?
549  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: December 13, 2023, 09:24:00 PM
The poor results continued, making Ten Hag look even worse.  Lost to the bottom team and failed to qualify for the UCL.  I don't know if he will be sacked, but maybe Ten Hag's suffering will continue. Next week they will play Liverpool. Statistically the game I'm sure Man United will struggle. They will probably lose again. After that there may be a decision from the management regarding Ten Hag.

I don't have anything to sag about Manchester United performance in the Champions League, they are no longer in my book of serious team, because even the bottom team in the table will be going to knockout stage and one will be going to Europa playoff and Manchester United is no where to be found again. Looking at the state of the club, I will say they are nothing but exactly opposite of what Liverpool did last season. They qualified to the Champions League but didn't go far but weren't doing well in the Premier League.

If he has a contract of 3 years with Manchester United board and promised that within these 3 years, he was going to win atleast 1 Premier League cup to the club and at the end, he couldn't meet up with the target, trust me will be sack and replace but now that we are in the mid way, it might not happen now until towards the end of next year. This is nt official, but I'm just saying what mag happen to him if he doesn't get the team to top 4 before the end of the season.
550  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: December 13, 2023, 08:51:39 PM
Chelsea have enough money to buy new players including Osimhen but the real problem is the Napoli president who already refused to sell the player last summer transfer window in a price under €200k if I am not mistaken..
Osimhen actual value is €120k and I believe it is exaggerated. His real value shouldn't pass €75k this season since he isn't playing as he used to be nor Napoli performing good as they used to do. Since there is some tension between him and Napoli's staff previously then it might be an opportunity for Napoli to generate enough money to buy 3 or even 4 players to consolidate the team and improve their ranking in the Serie A but also in European competitions..

It's not about having the money, but you have to follow the Fifa rule so as to not violate financial fair play policy, if you do your point will be deducted and that's exactly what happened to Juventus last season and Everton this season. You can see that Everton has demoted by -10 points from the table ranking, if Chelsea spend a lot, they will enter into debt and I think they have gotten the best deal of players before the beginning of the season, u don't know why they can't perform as it was supposed to be in with all the hype around the new signees.

Osimhen coming to Chelsea is not visible, people are only pushing that because he like Chelsea club as a kid but you and I know what is inside a business. Even as an adult, you may like something but the professional and career comes before anything and you might not considered such deal.
551  Economy / Gambling discussion / Re: A gambler takes his own life after a loss. on: December 13, 2023, 08:22:57 PM
Apparently this is a true live event happened in my State this week and almost everyone is talking about it. About a young man that killed himself after a gamble loss, he even left a message for his family and friends before taking his life.  But I wonder why should someone take his own life  just because he lost  #2.5 million to gambling an amount  equivalent to just about $3k. I can relate to his loss but taking your life is something unimaginable and unjustifiable to do. No matter the regrets suicide isn't an option to be taking as a solution , you are only leaving bigger pains  behind for your loved ones.

I think I read the story isn't completed, the guy was a regular sporty player, I saw some pictures of him holding a long bet slip from old games he won on Facebook. I think what happened was the guy borrowed money from a friend about ₦1.5M to add to his money ₦1 and all together sum it to ₦2.5M and he used it to bet but unfortunately, the bet didn't go well as he lose the money to the betting company and out shame and how to pay back the money, he drank insect popularly called Otapiapia in Nigeria and passed away leaving a note behind but if he has been winning money as they claim, is this amount worth taking life? That's something I'm yet to figure out.

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This is just another reminder to we all gamblers that no bet is sure and guaranteed, don't ever use an amount of money you are not comfortable to lose just because you feel convicted in your mind that the game will play as predicted. There's no such thing as sure bet in gambling.

Question: Is there any amount lost that can make you commit suicide?

If yes, then don't ever use such amount to gamble.

No matter what happened in this life, taking life isn't worth it. This is why I like how I see warning here about taking loan money to bet, gambling is based on luck and you never know when it will go fine or go left, we just assume and believe it will go well but anything that comes after is not something we can control, that's why we should never gamblw with money that is not our own and also gamble responsibly.
552  Other / Beginners & Help / Re: Bank stops all my payments to exchanges. Now what? on: December 10, 2023, 12:43:35 PM
Change the bank? I don't even know which one is fine for this.
I'm located in Belgium. I tried joining crypto groups on facebook. It seems that others had no problems a while ago. But they go for DCA or small amounts. Trying to stay under the radar while I want to be open about it. Buying BTC is not illegal in Europe. But banks treat you like it is.
My bank instantly blocked payments (6k) to Binance and Bitvavo.

Now I'm gonna miss out on the opportunity. I wish I could hold them accountable.

First, you said Bitcoin is not illegal in Europe and I know Belgium is under Northwestern Europe, then why will the banks hold your paymenyt? On what ground do they did that unless there is more to the story. If the Central Bank didn't give them that directive to confisticate transactions that are involved in cryptocurrency, I don't think they have the power to impose that monetary system to the people, unless I repeat they have the power from the government and the Central Bank.

If there is nothing like such of preventing people from doing crypto payments to exchange, kindly storm the bank and make your complaint to the customer service but if there is something like that guideline of crypto de-payment and facilitation to exchange, kindly abort because you don't know what they might do to you because you broke the law.

To avaid this problem next time, you can used an exchange like Binance to buy your crypto through P2P transaction but when you intend to send the payment to the seller, make sure you don't include the crypto related words in the transaction reference, your name is enough as proof of payment and as soon as your paymet is comfirmed by the merchant seller, he/she is going to release your crypto for you which you can see on your funding wallet and you can withdraw it to external wallet of your choice, a win win for you, the bank, the seller and the exchange without any problem and I think p2p attract zero charges.
553  Other / Beginners & Help / Re: What should new cryptocurrency users do first?🙏🙏🙏 on: December 10, 2023, 12:31:00 PM
I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

I'm interested in that part of losing your coins. If you are new to a new place, you need to first understand how the place work and how to avoid problems, crypto is not different from that as well. Security is paramount in crypto because the transactions are not reversible once they are sent, so how do you avoid security threat and possible hack of your crypto is all upto you and the first thing you need to do is to make sure that your coins are kept in a hardware wallet.

A wallet is where you store your crypto because it helps you manage your coins and also help you sign transactions and also protect your private keys. The best and recommended wallet is the hardware wallet, they are pretty safe to some degree and they are vulnerable like the software wallet. Anytime you want to buy a coin, make sure that you store your coin in the hardware wallet.

Secondly, please make sure your coins are not kept in a centralized exchanges, there has been theft of coins and tokens by centralized exchanges and to date, they have not recover from that loss, its better to avoid this kind of exchange and if you must use them, always withdraw your coins from the exchange once you are done buying or selling your crypto,
554  Economy / Trading Discussion / Re: Trading is hard!!! on: December 10, 2023, 12:18:20 PM
It's funny how people see trading as a Ponzi or get rich scheme. They end up losing there hard earned money in the chase for more money.
It's also so funny how some wants to learn a life changing skill in two weeks or a month, meanwhile they spend 4-5 years studying an obsolete course.
Trading like any profitable venture takes time, perseverance and consistently developing and sharpening your skill to be profitable.
In trading you'll fail a thousand times but it's your ability to pick yourself that differentiate you from the lot. Pay for knowledge to shorten your learning time,else you'll learn and you'll learn the hard way.
Develop yourself, pay for knowledge,give time to your craft,pick yourself up any time you fail.
The sky will be your starting point 🕊️❤️

Trading is hard, no cap about that. Let assume you are new trader that is just into the game of trading and you summon courage to start trading, you learn the basic knowledge and the studies to start trading and you fund your account and start doing something for yourself, that worth more than anything because trading is hard, anyone that give it a try to succeed seriously need to be given a medal. But in the process, the hard part of it makes many people to quit because many of them are been miss guided about trading and the social display of traders makes it look easy on the outside.

I hope you do know that many people that shows that they are traders are not even real traders, many of them impersonate some successful traders and investors just for impression to scam people that don't know much about trading, even those that teach trading courses don't trade, they only depend on their trading courses and the revenue they get from people that views their vidoes especially platforms like Youtube and Udemy.

To trade is to be smart and to be smart is to take money from market makers and they are more smart than you because they have been here for ages and they don't want you to take any money from them. Trading is hard but we have people that makes thousands grands from it and make living comfortably from it.
555  Economy / Trading Discussion / Re: Whas this a smart move or stupid move? on: December 10, 2023, 11:52:49 AM
Question to more experienced trades here. I been holding some Bonk for a while and last 24hours it's on a real down fall, so some hours ago I swapped all my Bonk to USDC to save me from more loss and if I am lucky I can buy back Bonk later and even coming out with more Bonk from this situation. Was this a smart or stupid move? I am not sure but I just followed my intuition (The swap fee was under 1%).

You did what you had in mind already, I think this question is damage control but I think Bonk was airdrop to Solana holders last year if I remember correctly, where you holding since that time or you bought when the price was low and have you been in profit since you bought it?

I don't know much about Bonk but I know a little details about the coin, it was first distributed by some group of some solana developers that were trying to create PEPE meme version on Solana and because solana was also in a lot of controversial news due to FTX, the team the community were fighting back the dump of Solana and that is how Bonk meme was born and people fomo and I think lots of Solana bag holders were compensiated, that is little I know about the coin.

If you ask me about the future and certainty of price discovery of Bonks, I will say "I can't say because meme coins don't have direction and it is upto what the community brings to the table, they may bring another hype that will bring the price up or something that may bring the price further down. However, why don't you like to invest in coins that are atleast with a working products and not some shitcoins that will always give heartache.
556  Economy / Trading Discussion / Re: What should newbies do in trading? on: December 09, 2023, 05:41:14 PM
I'm also beginner in trading. I trade since this summer and I lost about $90 on $120 account. Recently I make $20 on last $34.
Throughout my journey in trading, I read Jack Schwager's book, watched many educational videos on YouTube, read many articles on the educational sections of CEX exchanges, and also talked with many traders. It seems to me that I understand enough about technical analysis, trading systems and trader psychology. But I'm at a dead end and don't know what to do next. Other traders advised me to just trade, but I think that over time I will lose my remaining $45, and demo trading does not bring such emotions and I don’t want to try hard when trading it

I don't want to say trading books are not necessary, they are primary but don't waste too much time on them. Once you know the basic, go straight to details videos that will put you through trading practice, the more you practice, tbe more you understand the trading and even improve much better.

From your trading history, I don't think you have master trading that much. Unless you are dealing with a large capital. Such amount is to large to be lost on a single trade. If you are into trading futures, please avoid that for now and if the loss continues, then you should try paper trading. It's more like trading in real time, you can select any of your trading pairs on Tradingview and you can use it to trade and it's going to be in real time to the reference exchange yiu choose, let say A represent A token and then chose A/USDT from kucoin, it is going to be mimicking that pairs from that exchange and so does other exchanges as well.

Regarding next line of action, try and pay attention to the fundamental aspect of that coins, the news is what drive coins in the market, if you don't blend fundamental aspect of the coin to the technical, your trading is going to be a nightmare and pain in the ass.
557  Alternate cryptocurrencies / Altcoin Discussion / Re: Trend or long term projects? on: December 09, 2023, 04:56:38 PM
Crypto is mostly unexpected and we don't know which token will give us high profit. sometimes we expect a big pump in the token and we believe that this project has a lot of potential but this token performance remains low throughout bull and bear season just like DOT and Cardano while some coins we often called them scam and spam pumped hard like ORDI, Pepe, Floki. It's all about trend when trend end then no one want to buy these coins.

Just because you didn't had the opportunity to be early in some of this coins you mentioned of not been profitable doesn't mean others didn't. I remember very well that DOT was sold for $0.29 at the ico price and it did made an all time high of $55 dollar and is trading today around $7.2, that's like 25x from the ICO price and the listing price was even lower which some many people got below $1 and $2, this investment is justified to be okay for people that bought at lower price exception of investors that bought at high price.

Cardano(ADA) was also profitable for may people because during that pump, I know a very good friends that made something good from Ada that they will never forget. I'm not sure you chose the right coins for bull and bear, in fact Ada did pumped more than 25% within the last 24 hours.

Ordi, pepe, floki and other rest of tbe meme coins were developed for fun until people took it seriously and it did pumped and since it's a meme without any quality which Elon Musk established from doge, people don't care or bother to do research and it's frustrating to see people lose money on this coins, it's dangerous to invest in something that is made for fun. No product, no roadmap, nothing to back the project but hype and talk and what do you think will happen after the hype? They will fade and die.


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What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?

Learn to diversify your portfolio with different altcoins, split your investment into them, either short or long term, you will see a proofit from the and problems like these can be avoided.
558  Alternate cryptocurrencies / Altcoin Discussion / Re: How to identify shitcoins? on: December 09, 2023, 04:41:31 PM
I always check new Altcoins is from their project first. How ling did the project start. The goal of that project. The Team behind who help that project. Another famous project who follow that project.

What did I just read? Cheesy Do you know that even a tier one project can turn into a shitcoin? They were heavily invested by the OGs and different venture capitals that are famous in crypto but what happened at the end, it's now a shit show. Here comes the list:
  • Terra Luna
  • FTT
  • ICP
Reasons why this projects fail were obvious but we people love to see what they want to see and don't care about the red flags around them.

Terra Luna gave one of the most hype and high APY in staking Luna and USTC, it was a scam APY that wouldn't last long but what happened after, 6 feet under the ground and he is trying to be extradited to US the last time I heard of him in the media.

FTX/FTT was donating millions and lobbying politicians and congress house because of his political ambitiousness and it's obvious that this where from customers money but many people were extra excited about the market and what happened today, not only did he embezzle the company money, he did it together with his sweet long time girlfriend(partners in crime).

ICP/internet computer protocol conducted one of the largest ico in tbe crypto industry but what happened after, there tokenomics was bad and when they released the listing date, people sold all of their investment and I don't blame them because you don't expect people to leave their investments seeing that it's has done 400x on listing date. To date, ICP is yet to recover and I doubt if that is going to happen soon.


What am I saying? It's possible that you will do all tbe basic research needed before investing into altcoins and you might still bite the dust reason is that altcoins are very risky investment, take your profit while the market is still green on the other side.
559  Alternate cryptocurrencies / Altcoin Discussion / Re: Coin or token with high potential on: December 09, 2023, 04:16:50 PM
Hello,
What cheap projects do you know that have good potential?

Thank you.

Asking for what that has a good potential is like asking a fellow bush hunter for a perfect place you think you can catch a local rabbit. Anyone could spot you anywhere in the bush and you may get a perfect rabbit you are looking for and you may not and that leave you with 50/50 chances, so any sort of suggestions that you get from this thread, do extra assignment on them and good research on the common things you need to know and understand about the project mentioned above and below my post.

Before I digress, I hope you know that some projects are under tight scrutiny of SEC and as such, you may get offloading of coins on the market form time to time when SEC start their investigations and probe against some of those projects they see as security. In addition, there are projects that are under FTX that are undergoing liquidation, you might want to read this as FTX is allowed by the court to sell $200M worth of coins under their care every week.

Looking for a cheap coins, I will say you should look into new solid projects that has not blown but it seems there hasn't been any one or them that has come out with big capital ventures, it seems even the VCs are scared to invest into the wrong project because most of the ones they have invested has not return them what they spent and some are likely not to becaude they are dead or waiting for another innocent buyers like you. Be careful out there because it's cold on this market.
560  Bitcoin / Bitcoin Discussion / Re: What happen if Bitcoin shutdown? on: December 09, 2023, 03:58:13 PM
I am just wondering, what will happen if Bitcoin shutdown? Will the market crash? How about the effect of this to altcoins? Can government shutdown Bitcoin? I have a lot of question about this matter, because who knows, right? Also, how about hackers shutdown Bitcoin? What are your thought here? Let's discuss this.

If you are asking this question after spending more than 8 years here in the Forum, I'm really curious of what you have learn so far in this place. Have you for once heard of the phrase associated with bitcoin like "no single point of failure" and "no middle man"? They are simply implying that bitcoin doesn't depend on one person, see it as a community and they are not situated in the same place; just like you and I can run the bitcoin network independently without even knowing each other, now imagine if everybody decide to stop and the rest of us continue to run the network, is it possible to shut down. The only way bitcoin network will ever shutdown is "if internet never work again" which is not possible.

Bitcoin network is a connection of bitcoin nodes and miners that are distributed around the world, a node and a miner make up the bitcoin network and they communicate hand in hand to make security, decentralization and speed up time by synchronizing together. When node A, B, C and miners A1, B2 and C3 shutdown in a particular location or jurisdiction, the rest in another part of the world will continue to function and transactions will be mine through them. The only challenge with shutting down some miners is that it will only affect how decentralized the bitcoin network has been which will adjust again if more people join the network.
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