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541  Economy / Exchanges / Re: Goodbye Philippines for Binance. on: December 01, 2023, 05:51:39 AM
Binance is wasting a significant revenue opportunity if they do not address this issue. Many Filipinos use Binance as their primary trading site, so it would be beneficial for traders if Binance were to comply with Philippine law. However, if Binance chooses to remain quiet, I believe there is still a solution to access the exchange by using a VPN service. Changing the IP address through a VPN would make it difficult for the ISP to block it.
This is less likely to happen in case they refuse to comply to what is required of them by Philippines SEC. What I know will happen is that on top of the Government blocking access, to avoid a legal battle, they will stop their services in the Philippines, give users time to withdraw their funds and close the accounts.

There is no way a Philippines Citizen will be able to trade through Binance even through VPN unless if they register as a Citizen of another country that is still friendly to Binance.

That justfies though, thanks for elaborating it.

Well, I guess this is the end of Binance uers in the Philippines. The fact that SEC had already come up this decision, I'm assuming that there were already notice before that was sent to Binance since they have been accepting Filipino traders for awhile now, so this decision is probably the non reversable.

I just hope there will be a trading sites that is as good as Binance that existed in the Philippines, because I believe the reason why Filipinos loved to trade with Binance because the existing exchanges does not have a decent volume and the spreads aren't too competitive.


I'm curious about how they plan to block access to Binance other than blocking domains,

I guess they'll leave this to the NTC (National Telecommunications Commission), and the latter will mandate the ISPs in the country to comply with the SEC issuance.
542  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: November 30, 2023, 01:48:58 PM
Energetic import of NLEX has been fired, he was a good one but the team decided to let him go.

Check the news----

NLEX lets go of Thomas Robinson just days after Pido spat

Quote
NLEX appeared to have had enough of Thomas Robinson.

The Road Warriors decided to part ways with the explosive but eccentric import almost a week after he figured in a shouting match with Northport team manager Pido Jarencio.

What's funny is that this recent news draws more attention to the crowd and it seems like they are favorite the import of NLEX. I think they are already tired with all this drama, and there was also a comment about rigging of games, that accusation never gets old.  Grin
543  Economy / Exchanges / Re: Goodbye Philippines for Binance. on: November 30, 2023, 12:51:18 PM
The Philippine government's decision through the SEC to block Binance's access is good. They operate in a country to make a profit while they are not registered there. All countries do not want this situation to continue without generating profits through Binance operations. Binance is not registered, so Binance does not pay taxes.

Blocking access to Binance could benefit local exchanges there, although I don't know for sure there is a local exchange there.
Traders who are already familiar with Binance will feel lost because Binance is a good exchange. Even though Binance is already popular, if it is not mutually beneficial, why maintain it.

Binance is wasting a significant revenue opportunity if they do not address this issue. Many Filipinos use Binance as their primary trading site, so it would be beneficial for traders if Binance were to comply with Philippine law. However, if Binance chooses to remain quiet, I believe there is still a solution to access the exchange by using a VPN service. Changing the IP address through a VPN would make it difficult for the ISP to block it.

Nevertheless, we should also be aware of the risks, as using a different IP from a different location might lead to problems with our Binance account. It's advisable to investigate first and determine the most viable option to continue using the trading service.
544  Economy / Exchanges / Re: Ronaldo Faces $1 Billion Class Action Lawsuit For Promoting Binance!! on: November 30, 2023, 07:04:51 AM
Soccer legend Cristiano Ronaldo, the world’s highest paid athlete, is facing a class action lawsuit from Binance customers seeking $1 billion in damages for promoting the cryptocurrency exchange that agreed to pay $4 billion for violating the Bank Secrecy Act.
In my country, I can see trading platform ads like OctaFX ads everywhere online. Google is advertising many of them. The worse is that all the ads are about people making millions from the trading apps but in reality it is not like that. Why ain't those sued? NFT is something that is just not real but people are buying and selling it. Why won't they lose.

For obvious reason mate, the government are targetting the company or people who can pay, Ronaldo's net worth is very public and they know he can pay in case he lose on the lawsuit charge to him. However, this is ridiculous, right? You can see how unfair the government are as what they are doing is some kind of selective justice.
545  Economy / Exchanges / Re: Ronaldo Faces $1 Billion Class Action Lawsuit For Promoting Binance!! on: November 30, 2023, 06:34:43 AM
What's do you think is the implication of this news (not this only), is it the end of Binance, or this is just a trial that will make Binance stronger?

That's bullshit. First of all, Binance did not lose anyone's money. Second, anyone who did lose money lost it by making bad trades. What, we're going to start blaming athletes and other celeberties when we go all in on some worthless token that eventually falls back to earth?

Binance probably doesn't have anything to worry about.

I get that it's on Ronaldo who is at the hot seat here, but my concern is indirectly related to this. You know, just recently, CZ got arrested and will have an agreement (settlement) with the US governmnet to pay billions just to stay free, so it's really alarming that Binance has been recently involve on legal problems which could be a sign that it might go down soon (God Forbib).



key facts BTW.
Quote
Ronaldo began partnering with Binance in 2022, creating NFT collections and posts on social media to his 849 million followers.

I think this word "partnering" with Binance will drag binance name to this.
546  Economy / Exchanges / Ronaldo Faces $1 Billion Class Action Lawsuit For Promoting Binance!! on: November 30, 2023, 06:15:04 AM
Lots of news recently involving Binance. This is not great for the community as not only a popular celebrity is involve but billions of dollars are involve which is a significant amount of money.

Quote
Soccer legend Cristiano Ronaldo, the world’s highest paid athlete, is facing a class action lawsuit from Binance customers seeking $1 billion in damages for promoting the cryptocurrency exchange that agreed to pay $4 billion for violating the Bank Secrecy Act.

What's do you think is the implication of this news (not this only), is it the end of Binance, or this is just a trial that will make Binance stronger?

Source :
https://www.forbes.com/sites/zacharyfolk/2023/11/29/cristiano-ronaldo-faces-1-billion-class-action-lawsuit-for-promoting-binance/?sh=687a038664d1
547  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: November 29, 2023, 11:54:26 AM
if i had to choose between hodling and trading, i would prefer hodling because it is much easier to hodling compared to trading which requires in-depth analysis of the market. with hodling i can use the dca method which allows me to invest in bitcoin with lower capital and hold it for a longer period of time and sell it at the right time.

hodling also doesn't require a lot of time in analysis like trading because all you need is a wallet to store bitcoin. and i can manage my investments whenever i want. so for someone like me, hodling is better than trading.

I guess it's not easy to hold as long as you would stay realistic that you'll not expect you'll make a decent return in a short period of time.

When we are "HODLING", this implies that we are up to the long term game, so patience is very important in this journey because without it, we might feel the unsatisfation of waiting and could even result to panic if we witness a market dump and we didn't realize it's a normal thing for bitcoin and in the crypto market as a whole.

They keyword here is "HODL'..... Follow the meaning of that and you'll succeed.

It doesn't really matter how you call that. It's kinda obvious that patience is important, it works for all investments. Short-term gains are for traders.

It matters if you are in crypto, because HODL or HOLD has a different meaning.

If you aren't ware yet, HOLD means, “hold on for dear life,”... means it's like holding forever which you don't usually apply as strategy in other forms of investment. This method would only work with investing in bitcoin as it has a real chance it'll survive and will not be affected whatever economic crisis we'll experience.
548  Economy / Gambling discussion / Re: Who says you can't be a millionaire in sports betting? on: November 29, 2023, 11:23:46 AM
So you see, those who are preaching that you can't win in gambling, this is for you!

You don't win if you don't try, this gambler for sure kept trying on playing "bet builder", probably even on "parlay", and finally one day he made himself a millionaire. This is a significant success already as not everyone can win a huge amount in gambling, considering the bet was only less than $20.

What can you say about this? Are you willing to risk your $18 to win $18k, or a million in PHP pesos?
Nobody says you can't win in gambling. Anybody can, it's just that most of the gamblers have more losses than a winning. Winning a huge sum of money is possible if you are lucky and skilled enough, especially in sports betting. As we all say, it will take a lot of experience to be able to predict the outcome of each bet. But not every bet is a win, it's all just the same for everyone. Sometimes we win, and sometimes we can't.
But what OP have shared (betslip), that's a combination of luck and skills. Of course, it starts with believing yourself as a better and that you are confident you have the skills to win in gambling. I'm sure that was carefully analyze as no one would bet $18 for x1000 odds unless he's very confident with his bet or he has a lot of money to spare.


What can you say about this? Are you willing to risk your $18 to win $18k, or a million in PHP pesos?
All I can say is he is lucky to have won a million pesos. I'm happy for him but be careful on the continuation of your gambling journey. Winning in gambling with this much money can boost your confidence that sometimes lead to losing money.

I hope he knows how to enjoy his winning. Maybe cash out the 90% and enjoy that money. That 10% will be left for gambling, even if he'll lose that 10%, at least he has already enjoyed that 90% and he's already ahead.
549  Bitcoin / Bitcoin Discussion / Re: Hodling vs trading on: November 29, 2023, 05:20:35 AM
if i had to choose between hodling and trading, i would prefer hodling because it is much easier to hodling compared to trading which requires in-depth analysis of the market. with hodling i can use the dca method which allows me to invest in bitcoin with lower capital and hold it for a longer period of time and sell it at the right time.

hodling also doesn't require a lot of time in analysis like trading because all you need is a wallet to store bitcoin. and i can manage my investments whenever i want. so for someone like me, hodling is better than trading.

I guess it's not easy to hold as long as you would stay realistic that you'll not expect you'll make a decent return in a short period of time.

When we are "HODLING", this implies that we are up to the long term game, so patience is very important in this journey because without it, we might feel the unsatisfation of waiting and could even result to panic if we witness a market dump and we didn't realize it's a normal thing for bitcoin and in the crypto market as a whole.

They keyword here is "HODL'..... Follow the meaning of that and you'll succeed.
550  Economy / Economics / Re: Inventing a job is better than finding a job on: November 29, 2023, 04:58:02 AM
I think inventing a job is like creating a business that hasn't been established before; it's a challenging endeavor. However, if you possess the skills and talent, akin to Elon Musk or any other successful entrepreneur, you can always give it a try and see for yourself if you'll be successful. There's likely to be less competition once you become an entrepreneur rather than an employee, but not everyone is willing to pursue the business ideas they have in their minds. That's why the majority of people live from paycheck to paycheck.

Bear in mind that most financially successful individuals are business owners. Only a few have achieved financial success through traditional employment, and they often don't retire with financial freedom.
551  Economy / Gambling discussion / Re: Gambling are mainly for rich and lucky mind. on: November 28, 2023, 12:45:20 PM
Definitely not just for the rich, as they aren't the only ones who make the gambling industry successful. It's the average earners and the poor who are more desperate to gamble. Gambling belongs to the entertainment category, but it depends solely on the gambler's discretion on how he'll handle himself in gambling and what the goal will be. The only important thing that needs to be considered is to gamble responsibly, whether you are poor, a middle-income earner, or rich, as everyone deserves to enjoy gambling if we consider it as entertainment.

About having a "lucky mind," I don't get it. We gamblers always have a lucky mindset as we always aim to win, so it's pretty much a natural inclination for gamblers.
552  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: November 28, 2023, 11:47:44 AM
Thanks for sharing your experience, really appreciated.

Although we are all aware that borrowing money to gamble is too risky but there are times we break that simple rules. OP here is sharing the outcome of being irresponsible in gambling, yes, it's called being irresponsible as he would not be addicted and make bad decision if he was responsible. You know, there's a saying on responsible gambling, right?  Like... "gamble what you can afford to lose"... so borrowing showed he can't afford gambling anymore but still continue hoping he'll at least recover his losses, that's how dangerous addiction is.

All I can suggest to you OP is take it easy, it has already happen so you have to accept the consequences of your action, and hopefully you'll learn from your mistake although in a hard way.
553  Other / Beginners & Help / Re: Bitcointalk forum as a citadel of knowledge on: November 28, 2023, 05:00:27 AM
You came at the right crypto/bitcoin forum. This is a big forum actually, you can learn a lot depending on your interest, so as long as you continue reading, sure in time you'll be fully knowledgeable about crypto in general. Not only on serious investment, we also have here like entertainment, you know if you are a risk taker, you would also love to gamble at the same time, but that's only a secondary purpose here if you'll consider that.

We are happy to see newbies appreciating the effort of the old members or the high rank members, as that would only tell that this forum serves its purpose to educate everyone who are willing to, and with people who are willing to share, they should be commended by the community as they are a big help for people to edcuate themselves about crypto, and on how to manage the risk of investment.
554  Economy / Economics / Re: My economic plan over the decades and our future on: November 28, 2023, 04:19:56 AM
Today you will decide If your family and kids will be poor or wealthy you have that repsonsebility now.

More investment options are better, reying solely on bitcoin is a bad idea, it's called a high risk investment for a reason, so its being irresponsible to put all your egges in one basket. Although personally bitcoin has been a huge help of my financial success that I'm enjoying currently, there's no such thing as forever in this world and we can't just bet solely on bitcoin, that's why i diversify my investment. Learn also to put money on real business while still investing on bitcoin just in case something will come up in the future that we aren't expecting, we still have another source of icnome to survive,
555  Economy / Gambling discussion / Re: 2023 NBA Season on: November 27, 2023, 08:00:01 AM
Yes, initially it was Wemby who is the huge favorite for the Rookie of the year award. However, his numbers is not to be expected from him, we wanted to see more and his teams is struggling. While Chet is relax this season, and playing really good. In the beginning, even OKC fans says that he is overrated. Now they see the true potential of Chet and he is embrace by the OKC fans. But we will have to see how Wemby is going to play the whole season, maybe he just needed good games to put himself in front again for the Rookie of the Year.

I'm not sure if the odds that were reported are still available, but I doubt we would get those odds considering how Wemby and Chet have played recently. It seems like the expectations have flipped because Chet has been doing well with his consistent contribution to the team. Everyone was probably thinking that Wemby would easily win the ROY, but his numbers don't align with our expectations. So, again, most bettors might lose their bets if they placed them before the season started.
556  Economy / Gambling discussion / Re: How Many Bets to Know How Good Enough You Are? on: November 27, 2023, 06:44:01 AM
As a gambler, how many bets do you think  you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?

It's not measured by the number of bets made but rather by the percentage of wins. Making more bets does not necessarily contribute to long-term success, as it is assumed that careful consideration may not have been given to each bet. In sports betting, the recipe for success is not quantity but quality.
557  Other / Meta / Re: Bitcointalk news ( more like drama/gossip thread) where to start it? on: November 27, 2023, 05:07:39 AM
meta is for "discussion about bitcoin forum", so I guess your concern does not belong here, but I'm sure off-topic would be always the right section to accomodate such concerns that aren't belong to popular sections or boards of the forum.
558  Bitcoin / Bitcoin Discussion / Re: Bitcoin Holders Hesitant to Sell Despite Price Surge on: November 24, 2023, 01:28:17 PM
Why sell right away if the price is expected to break the current all-time high? We hold Bitcoin with the anticipation of significant returns, so selling when the market is already bullish is not advisable. We aim for a more substantial price pump, akin to what occurred in the past during the bull run. Selling prematurely could result in missed opportunities.

Currently, it's evident that the market is bullish, with Bitcoin hovering around $30ish and potentially breaking $40k soon. Patience is crucial, especially for those who have held their Bitcoin through the deep correction after the 2021 bull run.

The all-time high is around $65k. If we adopt a conservative investment approach, selling at least at $100k per 1 BTC would be a prudent strategy.
559  Bitcoin / Bitcoin Discussion / Re: Got hacked, lost 11 BTC on: November 24, 2023, 12:28:18 PM
I guess that's it; it's confirmed that it was hacked. I understand the feeling, mate. 11 BTC is a significant amount, especially considering the current price. Unfortunately, there's nothing you can do since Bitcoin transactions are irreversible. You just have to learn from the mistake and move on.

I hope you won't blame your wife or anyone if it was lost due to an unintentional mistake. It's not the end of the world. As long as we are alive and in the crypto space, there's still a chance to regain that amount. However, next time, let's be wiser and avoid making the same mistake.

Perhaps consider setting up a dedicated PC for your wallet to prevent compromise in case new applications are installed.
560  Economy / Gambling discussion / Re: Most gamblers do not believe they can consistently make money, that's why... on: November 24, 2023, 11:41:21 AM
The problem, it's not these.

The problem, is most of us cannot handle the psychology. Especially, while you are on lose section people can get triggered and betting crazy while we usually have a target %/days.

Trust me, it's happening all the time. No matter how good is your strats, we are getting trigered due the lost.

However, that doesn't mean we cannot improve ourselves. Making mistakes is inevitable, but it's crucial that we learn from them. If we persist in repeating the same errors, it becomes evident that gambling may not be suitable for us, potentially leading to detrimental consequences in our lives. The pursuit of profit in gambling leaves no space for emotionally weak gamblers; it is reserved for individuals with the skills to excel and the discipline to prevent emotional control over their decisions.
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