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541  Other / Off-topic / Re: Before you start gambling, do some research first on: January 30, 2024, 04:06:11 PM
Is there anyway to help this person? I have given some advice to start using small percentage of the whole salary and safe the rest but still couldn't, and I don't want to help him to hold his money for him, he is over 28 years old, not a underage.

He have gotten used to this way because he started gambling all by himself and he won some money but end up even fuelling his addiction. What is next? Any tip?
Having a gambling budget and limiting oneself to it will be a good option. A gambling plan will always guide him against overgambling because he would not gamble more than he has budgeted. Now the solution is not only about having a gambling budget but to follow it diligently. Many people have these budgets but cannot control themselves, especially when pursuing losses. Another piece of advice might be to avoid things that trigger his gambling addiction. He might decide to avoid gambling adverts and also stay away from friends who are gambling addicts. If his gambling addiction is at an extreme rate, they might consider seeking therapy from a gambling therapist.    
542  Economy / Economics / Re: Why we should prioritize investment over saving on: January 30, 2024, 09:07:36 AM
Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that  inflation wouldn't eat it up.
The concepts of saving and investment are interconnected.  Some people need to save before they invest because they don't have sufficient funds to invest in a business or product. So for this set of people saving is important. Another aspect is saving for emergencies. This kind of saving could be keeping enough funds that sustain you for three to six months without any form of income.  This type of savings is important for everybody.

Keeping money in the bank might not be the best option for people who live in nations that experience high inflation. This is because such funds will gradually become worthless over time. The best option for them will be to invest these funds in profitable ventures. However, they can decide to save their funds in a more stable currency like the dollar. The dollar is a strong currency that hardly loses value when compared with other currencies. In two years our local currency has lost almost 80% of its value over the dollar. Which entails that people who saved money in dollars made the right decision. 
543  Bitcoin / Bitcoin Discussion / Re: Beware all Crypto Owners. Privatekey of Bitcoins & Altcoins Are Compromised. on: January 30, 2024, 08:33:16 AM
The next phase will be to ask people for money to help them protect their wallets or telling them to provide seed phrase to facilitate the protection process. OP your claims are not true because you have not shown any proof even in your article. This is pure fake information that should not be taken seriously.

Though the day is just breaking over here, but I did say that this is, and will probably be the funniest post i will read on bitcointalk today.

I've not gone through the article just yet, but I will do after posting this comment, but then, one question popping up in my head right now is, if this alamy site the op talked about actually have an access to every private key to every single wallet that exists on the blockchain, why don't those behind that site organize and carry out the world's largest scam?, since knowing every private key to every wallet on the blockchain simply means they have access to everyone 's money as well - why don't they make history for themselves.
Maybe he is a good man that don't want to take other people's money and just wants to offer assistance to the crypto community. I don't think anybody will believe is claim because it just unthinkable to assume this fallacy. I think he came to the wrong forum.
544  Bitcoin / Legal / Re: New rules for cryptocurrency trading in Hong Kong from June 1st on: January 29, 2024, 12:32:37 PM
Industry leaders see Hong Kong as next bitcoin ETF hub amid US approval anticipation
https://www.theblock.co/post/268582/industry-leaders-see-hong-kong-as-next-bitcoin-etf-hub-amid-us-approval-anticipation

Some asset managers have started applying for Spot Bitcoin ETF approval in Hong Kong. Harvest Global Investments a Chinese asset management firm have indicated interest for its ETF approval. Another firm Venture Smart Financial has as said that it will file for approval. Hong Kong's Securities and Futures Commission (SFC) announced in December 2023 that they were ready to consider applications for spot ETF. There are reports that about ten companies have shown interest in applying. We might see the next Spot ETF approval happening anytime in crypto-friendly Hong Kong.

https://www.google.com/amp/s/www.coindesk.com/policy/2024/01/29/hong-kong-gets-spot-bitcoin-etf-application-stablecoin-interest-from-chinas-harvest-global-reports/amp/
545  Bitcoin / Bitcoin Discussion / Re: Meet the Chrysosoma Bitcoin — a fly from Papua New Guinea named after Bitcoin on: January 29, 2024, 09:12:54 AM
I have an uncle who has the attitude of reading old newspapers and we will laugh at him. But he would tell us that newspapers don't get outdated because there is always information inside that is new to you Grin. This great news is almost two years old and I am just reading it for the first time, indeed information is evergreen.

Some people are doing everything possible to promote Bitcoin awareness and adoption. Mark Carnegie and Sergei Sergienko have decided to give Bitcoin a legacy in the animal industry. "Chrysosoma bitcoin" will forever be the name of a colorful and beautiful fly that is found in Papua New Guinea. It is also wonderful to know that a reputable organization like the Australian Museum also accepts Bitcoin.
546  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: January 29, 2024, 08:37:02 AM
Today Inter Milan won the match against Fiorentina with a narrow score of 0-1. And I consider that Inter Milan did not play well enough in the match. Even let Fiorentina have more chances. Inter Milan's passing accuracy also lost in the match. Fortunately the only goal scored by Martinez was well defended until the end of the match.
Fiorentina will have themselves to blame for losing an clear opportunity to at least get a draw. Inter Milan was not at its best and the home team mounted pressure on the visitor's defense but underutilized most of the chances created. I have never seen such a lousy penalty Gonzalez who just freely gave Inter goalkeeper Sommer the weak shot. Juventus have lost the top spot and Inter will have to work hard to maintain this lead but they still have the advantage, having played fewer games than Juventus. Martinez has been outstanding this season, he now has 22 goals in all competitions. Fiorentina sits in the fifth position the same point as Lazio and one point above Bologna.

this challenge makes the championship more fun
otherwise it would be quite boring and obvious
then the battles for the cup area are also very entertaining and make us think and hope for everyone's enjoyment

is funny
You are right, these intrigues and suspense is what make the league interesting. This is why the French League is not as exciting as the Italian League because you could predict this season's winner of the Ligue One but you can't do the same for the Series A.
547  Economy / Gambling discussion / Re: Are every activities/competitions with stake known to be gambling? on: January 29, 2024, 07:45:35 AM
Me: Gambling is a game of chances to winning or loosing where stakes are involved. It is an activity of personal desires to decide if you derives chasing after profits or catching funs.

However you tends to define gambling, it would be incomplete if stakes, risks and challenging activities (competitions) are not mentioned.

You can defined it your way but my interest is to understand this>>> Are sports games or related competitive activities which stakes are involved between both sides or teams also gambling?
Remember, there would be a winner to be rewarded and a looser to lose the stakes.
Any activity in which you bet some amount with the projection of multiplying or increasing the money with an option of losing is gambling. It could take any form but as much as somebody will lose money and another gain, it is gambling. Every gambling involves some level of risk which includes losing all or some part of your stake. This is why it is always important to risk only what you can afford to lose. Gambling is both an activity to entertain and to also make a profit. I don't think there is any gambler who gambles solely for fun because nobody has the intention to lose money just for entertainment.
548  Other / Beginners & Help / Re: The lessons I've learnt as a bitcoin long term holder on: January 29, 2024, 07:27:16 AM
Do you really need to tell people that you have Bitcoin? I don't see it as a good decision because it could have some negative consequences. Bitcoin promotes privacy, therefore, it will be good to keep your hodling secret.
Though OP is basically an anonymous member here and didn't disclose how much bitcoin he owns or proved that he even purchased any, it's kinda too late for that advice now, wouldn't you say?
👉 Mind who you tell about your investment: there was a time i showed a friend of mine(very close) my bitcoin possessions, ever since then he would keep on asking me to sell some let's get something when ever we wanted to go out and if I refused, it would be as tho I don't want to give and most time he would just start telling me all the bad news about bitcoin and it was not very fun since he knew about my investment in bitcoin. Speaking from experience I think its not wise you tell people about your bitcoin holdings, unless you are taking investment advice from them and they are fellow holders like you, that is if you must.
I was not referring to OP's privacy on the forum but my focus was where the author of the original post said he told his friends about his Investment and they were encouraging him to sell his coins. For me telling people that you own Bitcoin has some security risk. We have heard stories of people becoming targets of criminals because they informed some persons that they own Bitcoin. It might not be bad to tell trusted close family members or trusted friends but I don't encourage the idea of letting random people know about your investment.
549  Other / Beginners & Help / Re: The lessons I've learnt as a bitcoin long term holder on: January 27, 2024, 12:20:06 PM
👉 I've learnt not to procastinate:
The best time to buy Bitcoin is when you have the money to invest. Many people who wanted to buy when the price dropped to the level they wanted missed the opportunity to invest. But the best option for buying Bitcoin is through DCA.
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👉Don't panic and apply discipline:
If you are impatience you might never be a successful Bitcoin investor. Some people have to save from their salaries for them to be able to buy Bitcoin, which means they have to be disciplined on how they spend their money. Financial prudence is important if you want to invest. There is always news that will generate FUD, investors must be focused not minding these negative news.

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👉 Mind who you tell about your investment:
Do you really need to tell people that you have Bitcoin? I don't see it as a good decision because it could have some negative consequences. Bitcoin promotes privacy, therefore, it will be good to keep your hodling secret.

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👉 Be among like minded individuals:
My main source of information is this forum. I usually confirm the authenticity or verify the information I get from other platforms in this forum. Bitcointalk is an asset to any Bitcoiner who values quality information.
550  Economy / Gambling discussion / Re: gambling for fun vs gambling for the financial benefit. on: January 27, 2024, 09:47:17 AM
Do you really see gambling as more of fun than a means to a financial end?
Gambling is basically a means of entertainment for me. But this doesn't mean that I don't expect to money from my bets. I don't think anybody will out money in gambling without expecting a win, after all nobody wants to waste money. it is not also wrong to gamble for money but it becomes a problem when you depend on your wins for survival. When you budget to use your gamble wins even you have not won, it shows that you have started depending on gambling wins.

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how much can you put into gambling before it removes the fun aspect of gambling out of it?
The money I put into gambling depends on my income for the month. I budget a certain percentage of my monthly earnings on gambling, however, I don't exceed 5% of my income for the month.
551  Other / Beginners & Help / Re: You only got what you deserve on: January 27, 2024, 09:07:12 AM
Sometimes patience makes you afraid of taking risks. Many people do not want to invest in Bitcoin for anything other than because they are afraid of trying something new. Therefore, taking risks and taking steps that may not seem carefully drawn is a good thing sometimes, but the result must be a risk-calculated adventure and not just an emotional investment.
People also want to make instant profit, so when you inform them that Bitcoin is a long-term investment they don't want to put in money. They usually prefer investments that will give them profit in a few days or weeks. This is why many people become victims of scams and Ponzi schemes. It takes patience and bravery to invest in Bitcoin because there will always be events that will generate FUD which might make one want to sell off.

You are too categorical, OP. Sometimes circumstances beyond a person’s control arise when you have to spend something that you would like not to touch for a very long time.
HODLing isn't for everyone... If you've got a steady income and can possibly survive any vises without the HODLed funds, that's exactly when you're ready!... It's also the reasons why we keep advising newbies to not jump into HODLing 'em coins because they've heard so many people doing so... BIG QUESTION IS - How patient can you be??! What if the money vanished into thin air, won't you source out for an alternative over your said problems?
There is no guarantee that your income will be steady. Some emergencies like job losses, health issues, wars, natural disasters etc are some situations that can make a hodler consider selling. These emergencies can exhaust your emergency funds steadily and cannot have money and die of hunger because you want to a make profit in the future. A Palestinian in Gaza will gladly sell his Bitcoin to facilitate immigration to a safer nation.
552  Bitcoin / Bitcoin Discussion / Re: Difference Between Fiat Currency and Cyptrocurrency on: January 27, 2024, 07:53:56 AM
5.Fiat currency is a physical means of exchange for example coin,bank note etc.
Fiat doesn't take only physical form, it could also be online or take the form of CBDCs. You can decide not to use physical fiat and can still engage in financial transactions without restrictions.

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6.Transaction cost of fiat currency is low.[/td][/tr][/table]

6.Transaction cost of cyptrocurrency is high
This your point is arguable because if not for the congestion of the Bitcoin mempool by Ordinals, the transaction fees is lower than fiat.

Op, to me bitcoin is not a cryptocurrency as I see it, this posses some quality that most crypto does not have, starting from security, identity being personal and decentralization itself, that's why till tomorrow some people see altcoin and shitcoin as a scam,
Bitcoin is a cryptocurrency but it is unique this why any coin beside Bitcoin are called altcoin. Many developers have tried to introduce cryptocurrencies that will compete with Bitcoin but none of them are close to its class.
553  Bitcoin / Legal / Re: Arkham found BTC wallets for issuers of spot Bitcoin ETFs on: January 26, 2024, 04:33:42 PM
https://twitter.com/BitwiseInvest/status/1750224060620111912
"Announcement: Today the Bitwise Bitcoin ETF (BITB) becomes the first U.S. bitcoin ETF to publish the bitcoin addresses of its holdings.

Now anyone can verify BITB's holdings and flows directly on the blockchain.

Onchain transparency is core to Bitcoin's ethos. We're proud to walk the walk with BITB."

https://mempool.space/address/1CKVszDdUp4ymGceAZpGzYEFr4RPNHYqaM
https://www.forbes.com/sites/digital-assets/2024/01/25/bitwise-become-first-to-disclose-bitcoin-etf-holdings-address/
Bitwise Become First To Disclose Bitcoin ETF Holdings Address
Bitwise has shown a worthy example for other Bitcoin asset managers to follow. Publishing its wallet address is aimed at showing transparency which could boost customer confidence in the company. The stiff competition between the other ten spot Bitcoin ETF providers might have also necessitated this publicity by Bitwise. There are many big players such as BlackRock, Grayscale, etc, but investors might be attracted to asset managers that have made their wallets public. We might see other providers join Bitwise and also seek other means to gain the trust of prospective investors.
554  Other / Beginners & Help / Re: The harvest (Proof urself worthy to earn). on: January 26, 2024, 01:59:54 PM
The real essence of labour is the harvest. In relation to the forum, the beginning stage is not easy as a newcomer needs to be patient. Atleast for a newcomer they should be  getting no matter how little some reward for their resources in terms of time and materials. The harvest is the benefit (merit).
The main benefit you can derive from this forum is knowledge. If you can gain a sufficient understanding of Bitcoin, you have achieved your aim of been here. The materials from this forum could help you in your financial and other endeavours. Therefore, don't measure your progress or benefit based on how much merit you get. Merit will definitely come as you make a positive contribution to the forum.  

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when I started discussing my activities and involvement in the forum to some people around me about it, the next question is," how much have u earned", I was absolutely discourage as I remained mute till date. I was seen as a mentor until they got to realise that no pay until time "proves u worthy".
These days people are attracted to ventures that bring quick profit. People don't give much attention to learning and are not also patient enough to develop themselves. This is why they will always ask for the financial benefit of joining a platform. This get-rich-quick mentality has also been fueled by diverse scam platforms on the internet. Joining the forum is not by force and it is important to introduce only people who have an interest in learning. You should let them know that this forum is mainly for knowledge, earning from here is a fringe benefit of patience and continuous learning.  
555  Economy / Trading Discussion / Re: Coins.ph is expanding on: January 26, 2024, 01:13:57 PM
For me this is good news to Filipino crypto enthusiasts living and working abroad as they can now send remittances through this cryptocurrency related  innovation without any hassle.

Source: https://news.abs-cbn.com/business/01/25/24/coinsph-expanding-globally-eyes-slice-of-remittances
This a great news coming from the Philippines and also a plus to crypto users in the country. The main focus of Coins.ph should be how to secure licences from countries like the US and other super economies in Asia. This is because these nations have more Filipinos and they also earn higher salaries. But we still appreciate Coins.Ph CEO Wei Zhou and his team for helping people to send remittances to friends and families.       

But lets do hope we can't see any more issue since so far many Filipino crypto users avoid to use this wallet due to some unwanted things happening due to strict requirements or regulations happening.

Also they need to increase their manpower since so far I read a lot of claims regarding on their slow support and that's bad for people waiting their issue to be resolved that's why they need to do more better job their to provide good service to their clients.
I don't live in the Philippines and don't know much about the platform. But they have to take the issue of customer support very seriously because it is important for the reputation of the firm. Many organisations are using modern technology such as artificial intelligence to support their customer service team. The strict regulation issues might be related to the laws that guide crypto services in the country. 
556  Bitcoin / Bitcoin Discussion / Re: US gov’s planned $118M Bitcoin sale is ‘peanuts’ compared to GBTC on: January 26, 2024, 12:31:06 PM
So US government is going to sell 2.9k Bitcoin soon and according to Steven Lubka, managing director at Bitcoin exchange Swan Bitcoin, the sale would be “peanuts” compared to the outflows from the Grayscale Bitcoin Trust over the last week.
The sale is insignificant compared to the $579 million that has been disposed of Grayscale Bitcoin ETF since the approval of the ETF. The impact of the dump by Grayscale was slightly felt with the price of Bitcoin dropping significantly. But we have seen some signs of recovery with the price moving to $41k. I doubt if the proposed sale by the US government of about 2,934 BTC ($118 million) of Silk Road Bitcoin would have much impact. Even if there is any effect, the price will still recover within a few days. Thus I totally agree with Steven Lubka that this auction is peanut and I think this news shouldn't give rise to FUD.    
557  Economy / Gambling discussion / Re: Gambling by financial dependents. on: January 26, 2024, 11:44:31 AM
Parents are doing the best they can but they cannot really keep up with the times, every single day a new app comes out and kids are on top of those things while their parents have to deal with all kind of other stuff, so kids and young people need to also put an effort forward to not get in trouble either, and they should know that gambling is not really for them as they do not have the money or the mental maturity to gamble responsibly, but it is precisely because they are told they should not do it they like the idea of gambling at such an early age.
Parenting is not an easy responsibility which is why anyone who is not prepared should not have a child. As a parent, you need to keep monitoring your child until he or she gets to the age of maturity. You might not be able to monitor all his activities but there is a need to check what he is exposed to on the phone and in other gadgets. There should be a means to closely check if he is exposed to unharmful behaviour and this could be achieved through spending time with the child and having constant discussions. An observant parent will be able to identify when there is a change in the behaviour of a child especially when it is related to gambling. You will be able to know this when the child starts having money issues and this will make a parent investigate what he is spending money on.

If you think these young people will put in a personal effort to control themselves, it might never happen. Many of them are not mature enough to reason and understand that some behaviour might harm them. They are usually controlled by youthful exuberance and peer pressure. Parents might not need to kill themselves because they want to protect their children but the point is that they have to put in more effort.   
558  Economy / Gambling discussion / Re: Can a social or casual good guesser make better gambling prediction carrier? on: January 25, 2024, 03:00:09 PM
I am concerned to ask, can such a person build a gambling carrier with such an excellent guessing prohibition? Or he should trash it all and believe that gambling predictions remains a game of luck?

Gambling might include guessing when you don't have so much time to do your analysis and predict accurately. But depending solely on guessing as a gambler will bring you more losses. Gambling might depend on luck to a large extent but it also includes basic skills and experience. Your colleagues should not use his correct guesses as a yardstick that he would be successful in gambling, it was simply just his lucky day. I don't also subscribe to the assumption that gambling could be a career because it shouldn't be seen as a job that brings a steady income. Many gamblers are professionals in different areas of endeavour and use gambling as a form of entertainment.
559  Bitcoin / Legal / Re: Nigeria unbans cryptocurrency on: January 25, 2024, 02:01:59 PM

It gives me joy to know that we can now transact in crypto without difficulty. Before now in Nigeria transaction in crypto has always been difficult and stressful especially using P2P.
This calls for a celebration for all crypto lovers in Nigeria.

It was never difficult buying or selling bitcoin through the P2P medium only if you keep to the rules provided by the exchange. Apart from exchange, there are other regulated platforms like telegram or WhatsApp that organized it in such away that they had escrow who received money as middle person for the transaction. So it wasn't really a difficult thing selling or buying bitcoin then and now nothing has changed if not the government have realised they were only setting themselves and youths backwards for self-centredness and political gains.
Indeed it was not difficult to exchange Bitcoin even with the restrictions placed on banks but there were still some problems. Before the restrictions were lifted the government promoted campaigns to showcase the crypto space as fraudulent and very risky. People were deceived into believing that if they put their money in crypto there was a high chance that they might be scammed. The public including law enforcement agencies began to see people that use cryptocurrencies as criminals. It was so bad that the police might arrest and interrogate you immediately they saw a crypto wallet in your phone. There was a case where an exchange operator who used a social media platform to advertise his services was tracked by the police and arrested.

The point I am making is that due to the government's negative stance on cryptocurrencies, it was now seen as illegal when it was not prohibited by the law. I share the same position with @Eldestyoung that there is a need to celebrate the lifting of the restrictions. If I am not wrong, many crypto users and service providers were happy about the change because it would open more doors of opportunity in the Nigerian crypto industry.
560  Other / Beginners & Help / Re: BINANCE AS HOLDER on: January 25, 2024, 12:33:17 PM
Please guys, i didnt find any topic about it. When i was updating my profile, it has a field to add our btc adress. So, i took my deposit adress from binance and added there. But i know this is not the right thing.

So, for a totally newbie, what app, website, source code, anything. What should i do to have an address that will not be violated?
I assume that some person add a Bitcoin address to their profile to receive donations or as a form of security. Somebody who wants to maintain privacy might send you some funds without having any form of contact through the wallet in your profile. Regarding security, you might be asked to sign a message from the address you put in your profile if you have any issues with your bitcointalk account. I think using an exchange address is not advisable because you don't have total control of the wallet. Your exchange account might be frozen or access can be restricted. It will be better to use a decentralized wallet that you have full control over.
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