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541  Economy / Economics / Re: The Role of Education in Financial Literacy on: October 04, 2023, 09:20:15 PM
The question is whether he would be fine when it comes to emergencies in the lifetime or maybe things go south in the future or at the age of retirement?

My answer is quite simple, if he is someone who is educated and talented then he will never do something like that, because someone who is educated will always think and consider everything about the things he does and the things he will do in the future both in the short and long term. except, perhaps he is someone who is snobbish and used to living a luxurious life (hedonism) where he wants to always look cool and financially capable, which he does for the sake of respect and recognition from other people that he is someone who is rich and capable. And when someone is in this phase, they no longer think that living with high prestige is a desire, but they think that this is a necessity so that other people can continue to respect them. And of course, if this continues then this will be a boomerang that will be detrimental to him and his future.
This is something a question that could really be answered plainly with you own common sense on which it would really be just that so normal that you would already know on what are the things that you should do
which into those people who had those good educational background and some relevant knowledge and skills and with those mixed with real experience then they are those individuals who do really have that kind of capacity on molding up their back up plans whenever shit thing happens compared into those people who doesnt really have that kind of knowledge and some mix of awareness of potential things that could happen ahead.
The main differences on some people is on which that those who are minding their future will really be making up that certain step on the present on which they would really be able to acquire on what those plans that they do have in mind comparing into those people who do have that stagnant like kind of thinking then they would really be surely not minding about their future or what are the things that would be in tomorrow or simply
doesnt have those back up plans and would really be just whining and crying when shit conditions or situations happen into their lives. There's really a significant difference in between two parts.
542  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Time to invest AI coins? on: October 04, 2023, 08:13:34 PM
I believe the hype around AI is nearing its culmination, as it has been nearly a year since its emergence. AI gained popularity with the release of ChatGPT, and subsequently, many individuals experimented with various AI systems employing diverse mechanisms.

https://coinmarketcap.com/id/view/ai-big-data/

Based on this data, it's evident that AI and Big Data tokens are currently experiencing a decline in transaction volume and prices. Therefore, it's entirely reasonable for me to assert that the cryptocurrency industry's AI sector is entering the late stages of its hype cycle.
Based on that we could still say that they have a long way to go. This is a tech one and not just a hype one and that means that it needs to improve a lot on the tech side before it could get better. Some of them are not really even AI and they are ranked high up, they are just tokens that people promoted a lot, simply high due to marketing and will go down. So that is why we should be careful about it.

I believe that we are going to end up with something that should be important to promote, and that means we are going to end up with something that should be easier to handle on the long run as well. I get that it s not going to be easy to handle, but we could make it work one way or another in the end if we know what we are doing.
Everything do really takes time to be fully developed but we have seen on how that ChatGPT did succeed on this field. I dont know if they do have that dedicated coin or token that existed on the market but as far as im aware then there's none or i had just missed it out. We have seen that on the time that AI did make out some hype then we cant really be able to see that there are really tons of AI related projects that pop out
like mushrooms on which its not really that shocking anymore because whenever there's a trend or new hype then expect that those shit developers would really be creating those shit coins basing up
with that niche.
Ico, ieo, defi, meme, nft and so many altcoin trend came,  created hype and then end. I notice, when a new trend start, then trend Related new altcoins are getting lots of investor and become profitable! And seeing such success ratio, scammers also launch their token and destroy the trend and hype with scam. Now Ai coins are in trend. FET, AGIX and OCEAN are suppose to be good for investment. What do you Think? Time to invest AI coins or you avoid?
Anyway, this is an area that promises a lot in human life, not just in the crypto market. When a trend appears, the hype will happen and it will increase even more than we see in bull market periods, but we also need to improve our skills to avoid FOMO according to these methods trends or low quality projects.
The current time is also a quite sensitive period to talk about board with AI, but I think it will take a little more time to clearly determine the upcoming trend, perhaps by the end of 2023 will see more clearly.

This is the main key on here on which you shouldn't really be making yourself getting FOMO'ed if you do really like on making  yourself
not to lose up your investment so easily. Dont jump in without proper research on the project that you are spotting in because just like been said above that
whenever there's a trend then expect that follow up shit coins in the market is already trying out to be launch or flooding the market.
543  Economy / Gambling discussion / Re: Pillow Fight League on: October 04, 2023, 07:20:54 PM
After we saw the SlapFight Championship which had a lot of buzz on social media and also raised concerns about the safety of fighters or in a better term: slappers, it was a known topic of discussion between both supporters and others against it. Today, while I was surfing and watching some videos I came across a video of pillow fighting between two tough guys in a ring the thing that made me search for more information. Surprisingly, I found out that they also have a championship and there's already the first professional international pillow fighting sports association which means it’s officially a sport.
I don't see it as bad as slapping but it might be a bit boring for us to watch because it seems nearly impossible to knock your opponent out or for judges to determine a winner unless they decide to put rocks inside the pillows (just kidding).

What are your thoughts on this new sport, Do you think we might see it in sportsbooks anytime soon?
We know that we do live on this world on which human beings could really make out some announcement or making some things official and doesnt matter if it might look dumb to be called a sport then it is what it is.
Now that pillow fighting is something that cant really hurt out a certain person then people would be making out those kind of reactions or words telling and puzzling out their minds on how someone could knock
down a person on just using a pillow? Now its not really shocking that people would really be always having to say and its not really that shocking anymore. Scoring through hits or making points is a common sense
thing if we do speak about on how to win the game or sport. I havent seen this one though but since you had mentioned it out then i might be making some search first and sees on how the game
though having some mechanics and on just hearing out then i must admit that it is really that a pretty boring game or something not that interesting. Frankly speaking, i would really be better to
get entertained on watching those slapping big dudes rather than on a girly pillow fight.  Grin
544  Economy / Trading Discussion / Re: Let's share some tips among ourselves. on: October 03, 2023, 09:31:28 PM
Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

 If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

Selling 50% is a no-brainer to me. You have said it yourself. No one can find the perfect bottom or the perfect top. And the thing about the perfect time to sell, can you be 100% sure that it is the perfect time? To me, the best way to buy and accumulate BTC is to DCA. (I am biased about Bitcoin, I have no faith in altcoins. Sorry in advance.) This way you can keep a balanced value of your coins. So why not do the same with selling? I am sure this will be the best strategy. At least in my opinion.

So all you need to do is do some research and analysis on the market to find the potential up point. Where it could reach in the future. Then setting a targeted sell order on that price point. Also some several others below and over that potential targeted price point. Even if your analysis doesn't meet the target, you will sell at a lower price. But you need to make sure that you are setting the price where you are making a profit. This way if the price is rejected before reaching your analyzed target, you will still be in profit. And if the price rises more compared to your analysis, you will make more profit that way. So the 50% does not work for me. I do this instead.
Always set goals or sell limit or target on which its always been that ideal on doing such thing rather than on making those kind of holds into those numbers which turns out to be that non-realistic. Whether we do like it or not on which there would really be people who do have those kind of approach on things on which they are really that indeed believing that price could reach it up which sometimes we do know that claims and those numbers in mind is something that plays on that non realistic side or not something that achievable but people do still blindly making out those decisions basing up on what they do believe. Some people doesnt really focus that much on BTC and rather they do make out diversification through altcoins which its not really that a bad option or choice either. It would really be just sharing up on the same sentiment when it comes to buying and selling on which it would really be just that right that setting those selling points would really be crucial because if you had missed out on doing such thing then you would really be ending up on waiting
again for another bull run cycle which it does take 4-5 years based up on real experience or simply the casual cycle that we do have on this market.
545  Economy / Service Discussion / Re: PayPal Just Announced Plans to Launch a USD Stablecoin - Thoughts? on: October 03, 2023, 08:25:25 PM
I am surprised that no one has pointed out the fundamental economic flaw with this concept.

If the USD is backed by nothing but faith, confidence, and (arguably) oil....and PayPal is backed by USD... Then what isn't this technically just shit backed by shit?

You're close. It's dogshit backed by catshit.


Doesnt matter because both things are shit btw.  Cheesy



My impression on why Paypal did make their own stable coin? They do really just want to be recognized and trying to go with the waves with  crypto trend and since crypto people does know about
those current existing stable coins USDT etc.. then they would just simply attached into it and make them look that they are joining the bandwagon.

People get blinded usually by this is into those people who do love on dealing with traditional things but to those who do give out importance
about decentralization then its just an additional pure shit here on this space.
546  Economy / Speculation / Re: Michael Saylor predicts Bitcoin can go to $5 million? on: October 03, 2023, 07:47:09 PM
5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising  Roll Eyes if it is it will hurt our markets...


BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.


Source https://twitter.com/bitcoinlfgo/status/1700981076389413281
Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks Tongue
Not shocking and its always been like this.  Grin On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.
It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

We encourage people to spread the word and attract others to invest in bitcoin, but not in this way. This only makes many people view bitcoin more like a ponzi than a real potential asset. We should not support people exaggerating bitcoin just because we want others to join the market with us. We just need to spread the benefits of bitcoin, when people are aware of the benefits that bitcoin brings, people will seriously participate in it. Whatever Saylor's intention in making this statement, I don't expect newbies to believe this and enter the market just thinking bitcoin will hit $5 million.
We in this market don't mean or decide anything. Saylor is only valuing bitcoin for future profit. He's probably buying bitcoin for a reason. Someday he'll sell it. That's exactly what Elon Musk did, only he didn't do it for long. All these people are not thinking about bitcoin or you and me, but only about their personal gain.
We wont really be thinking other things rather than on taking profit or making one on which it doesnt matter whether we do share up positive sentiment towards it on which it could affect other investors perspective on which it might cause that driving force on taking up such trend then on the time that it would really be making out some significant effect then this is where you would really be getting that opportunity on
securing profit and this is where these type of people would really be targetting and since we are all speculators here on this space then it would really be just that normal that people would really be taking up
on having those kind of numbers on which their intents neither be that something that be shown or not. This is why on personal perspective then it would really be just that so normal that you would be
wise on taking up such step or whatever decisions you would be making into your position whether you would be holding for long or would really be trying to snip out profits on
short term duration.
547  Economy / Gambling discussion / Re: Before you take sides on: October 03, 2023, 06:50:42 PM
We all know how people used to be protective when trying to explain how someone treated them badly, they always want to be the winner and if you are not smart you can fight the wrong war for them, later you will find out that they are the problem.

Gamblers are telling stories about how they got banned because they are winning too much, I will like to tell you not to believe everything people tell you, these stories typically have another side of the story, there is a high probability that these gamblers have broken some rules along the way.

For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.
Lots of issues that had been thrown out lately and this one is included on which they do really have been experiencing those kind of restrictions because they are winning which we cant really be able to tell if its true or not.
Unless if these people or person would really be mentioning out the platform name then we could really be able to judge whether they are dealing with a legit or reputable site or not because one of the factors that would really be telling us that the situation might be true basing up on the platform on which they are playing because we know that not all things would really be blamed out to those people who do suffer some issues or bad experiences because there are actually platforms which does have that kind of shady act. If someone do really points out on a site which had been known to be that reputable or known for long time then it is likely
that those accusations might really be that ignored or would really be just simply be that rejected out by the community and assuming that complainant did really make out some violation which its true that it is really
that impossible that they would really be making out actions without having those possible reasons because they do know that one false move then it would really be costing up their reputation and this is something
that they wont really be easily on making up decisions unless if it was really truly proven.
548  Economy / Economics / Re: You can't meet all your needs/desires at once, even if you spend all your salary on: October 02, 2023, 09:36:21 PM
There is a difference between needs and wants.  In most cases, the needs should be satisfied first, and wants can be ignored.  The needs are essential for surviving while wants are just luxuries.  Depending on the capability of a person especially his wage capacity, most needs can't even be met, even basic needs are hard to meet these days due to price inflation.  So it is better to look for another source of income if we want to satisfy ourseleves and meet the extra baggage (wants) in life.

That is why you can't meet all your wants even if you use all of your salary. The more you fuel your wants the more they burn meaning if you buy a new phone because it is the latest and new to the market you will still not be satisfied after a new phone is released after a week and it will continue the cycle.

People are shaken already now because of the price of food or anything that you need to buy. That is why others tend to not easily buy their wants and they already knew that they would struggle if they prioritized their wants first. Unless you have extra money that you don't know how to spend or you are rich then for sure they are still going for their wants instead of their needs.
If we can control ourselves from our desires then the income we earn will be sufficient for us, but if we follow our desires too often then whatever income we get will certainly make us unable to save let alone invest from the salary we have. Being able to control our desires will indeed be very easy if we hear it from motivators, but to do it all depends on our own personality, we need to work hard to be able to do it. You are right that people who have a lot of wealth buy things not for their needs but because they need recognition from people that they can have it and it doesn't matter how much money they spend.

If a person is an employee and has no other family to help, he can buy the things he wants to buy that are covered based on his salary, of course. But if you are the breadwinner in a family, his salary is definitely not enough, and of course he will prioritize the things they need in their daily lives. And it's not easy to budget a salary if you all shoulder all the bills in your family.

You will lose time to prioritize the things you want to buy for yourself because you will prioritize your family, unless your salary is really big for a month. It's like, you make sure to yourself that everything you spend will go to something important.

There are a lot of cases of people who are breadwinners and they are working so hard like they have a child to feed and I am just happy but sad at the same time for that kind of person as they need to shoulder their family on his shoulders though he is really a responsible person as he is doing it.
You will need to sacrifice things so that you can provide for yourself and your family. This is really what life is like. We need to just work hard and work smartly so that we can earn more.
Each of us does have  that different situations and struggles in lfie on which it would really be just that so common that we would really be that needing to be smart if we do speak about on handling our finances and on
how to make ourselves more better in terms of progress and sustainability. Being a breadwinner is never been that simple and something that you would really be that needing to sacrifice something just to provide anything for your family. I did really come into a point on which becoming a breadwinner into my own family on which you would really be carrying up the responsibility on your shoulder on which it is really that heavy.
Its not simple but life must go on because if you do surrender then for sure lots would be affected specially your family, its really a heavy responsibility that you do have on your shoulder but you dont really have no choice
but to go along with the challenges in life. Dont give up and make yourself that wise on every decisions that you would be making.
549  Alternate cryptocurrencies / Altcoin Discussion / Re: 95% of NFTs have a market cap of zero on: October 02, 2023, 08:27:07 PM
Quote
One of the latest studies conducted regarding the NFT market found that 95% of NFT collections have a market capitalization of 0.

The unveiled reality of the NFT market: 95% of NFTs have a market cap of zero

The bearish market has been affecting the whole crypto industry downside, but regards NFT niche, it has been worst. Almost all NFTs have a market cap of zero, meaning investors and adopters have completely lost interest for them after so much hype and excitment we saw during the year of 2021.

Does it mean NFT is a scam sector of crypto market, or is their concept good, but the execution of the projects are wrecking everything? Is it still possible for NFTs to recover their credibility?
No one knows on how it would really be ending up on which its neither that it would really be having a recovery after this bear market or would really be totally goes down to the floor or bites the dust.
We know on how this market works on which if a certain trend dies out because of lack of interest and demand then it would really be that too obvious and its cap would definitely be depleting until it dies out
or there's something new that we are seeing in the market. NFT hype had already touch up the floor + having  this bear market then its not really that a shocking condition.

It is really just that sad into those investors who had invested out with those pixelated images or buying out some NFT's in multi million dollars and ending up on getting a few bucks.
Some biggest losses?

Logan Paul’s NFT suffered the world’s largest devaluation, with a loss of 99.9995% of its original value.
https://en.cryptonomist.ch/2023/07/22/biggest-nft-losses-web3-industry/

For sure the list is really that really long and doesnt really stop on that.
550  Economy / Trading Discussion / Re: Trading can ruin you on: October 02, 2023, 07:08:41 PM
If you don’t know how to drive, then it might lead to accident, if you don’t know how to swim, then it might drown you, similarly if you don’t know how to trade, it can completely ruin you. Trading involves investment of real money, so yes we should be extremely cautious while trading. This is the reason for which many newbies are advised at first to learn about the market and coins. When you are confident and well equipped with knowledge, then do demo trades, and finally do real trades with real money.

Right. I've watch people close to me start with trading and they learn it the hard way. As much as they want to help other people, it still takes a lot of learning. Trading is definitely not something to be taken lightly, you need to be well-informed before diving in. Starting with educating oneself about the market and the different coins is crucial, without the right knowledge and skills, it can be really risky. But no one said it is impossible.
Indeed, nothing is impossible, as long as those who want to learn to trade have a strong interest. because trading is not only related to skills and knowledge that can be learned through books or videos.
as you said trading requires experience and the time of each person who learns to trade is of course different. it's about how quickly they progress with their knowledge and experience. which of course requires capital to become experienced. It won't be enough to try one or two times and then fail. those who try will see many failures. and I think many beginners experience this.
All of us do really experience this because we would really be that once a noob on the time that we do decide on taking up this type of career on which tends to trade or simply dealing with this volatile market on which we know that its never been that simple. Speaking about books and videos then it is really that also a considerable act to be done while you are starting but the rest of the learning would really be definitely be acquired through real experience and this is something that people should really be focusing into because if you do find yourself that being rushed on learning everything on short span of time then you would really be making yourself
that prone to lots of errors. Trading can ruin you? Of course it can but it is somewhat that could really be lessen or decrease as you do really go ahead and get that sufficient experience on which it would really be leading out on sustaining yourself with this volatile market.
551  Economy / Gambling discussion / Re: Gender in Gambling [differences between Women and Men in Gambling] on: October 01, 2023, 09:41:59 PM
Women are more able to limit themselves when gambling, when they lose they have no ambition to get back their winnings, it could be that gambling is done by women, just for entertainment, very different from most men, many of them make the wrong move by using gambling to earn income in a short time.  So that gambling addiction is more dominantly felt by men than women
Not necessarily and you just haven't met female gamblers who have traits like male gamblers and I myself have encountered female gamblers with big ambitions to win large amounts from gambling and always use large budgets to gamble in slot games and that woman almost every days depositing 100$-200$ just to play slots and sometimes when he is emotional he deposits 200$ after that buys the spin feature with all the budget he has.
I think it's the same as male gamblers, but she's lucky, even though she's a female gambler who has traits like male gamblers, she has a fairly well-established business so if she calculates her daily income with the funds used for gambling, she won't make a loss.
At this point you can understand that in certain parts of the country there are definitely female gamblers who have bad control just like male gamblers with the ambition of wanting to win big.
Of course there are many female gamblers who have a great interest in gambling like men who spend a lot of time in Gambling every day. If there are gamblers among women who have a good income and who are independent, they usually try to gamble with more money. If they lose, they can manage money quickly. Even though I have not yet had the opportunity to directly gamble with female gamblers, I have been informed of the plight of many such female gamblers. Women generally have less chance than men otherwise women would be addicted to gambling like men.
Its not that addiction rate is higher than men than on women on which it is really just pertaining for gambling activity to be that not a feminine type kind of activity on which it isnt that do talks about being lucky
or what because no matter what the gender you do have, the risks and being lucky would really be just the same.It is true that we do seldom see female gamblers because we do know that they arent that usually risk takers or something that do really loves on wasting up their fiat and this is might the reason that we do see less. On the time that we are seeing someone or women on the said vicinity then we are really that amazed
at the same time which put up some questions in mind on what is she doing here. lol.  In overall on which there's no issue whether men or women would be taking such gambling activity
because it is something that it is really that free for everyone. As long you do have the funds and the time that you could spend on such activity then i dont really see any issues on here.
It is really just that people are really that easy to judge whenever they do see another gender who do plays around the table or seen in vicinity.
552  Economy / Speculation / Re: Bitcoin October Month Performance on: October 01, 2023, 08:41:34 PM
With the way Bitcoin price is going as this month of September is coming to an end I have that feeling that October would be a promising month compare to August and September put together. I'll say let the count down begin for a better October, the current price of Bitcoin is $26,900 and we should be hopeful that in the first week of October it will have a boost to $27k and still raising.
So for now let's see what the remaining hours of September would pass on to October, I hope the market would take a positive turn, for me, $30k+ is the target.
Bitcoin has only had two red Octobers in its history, so there is a really high probability that we will see a rise this October. It would be good if bitcoin can break the resistance at 32k. But it's probably too early to tell.

Yup, historically October has been a Green month for Bitcoin, only twice has it been negative.
====

So as we leave a fairly static September behind hopefully October will be Green.

Two events looming on the horizon, one definite Bitcoin Halving one unpredictable Blackrock ETF
October still falls outside the 6 month run in to the halving but it could set it up for the bull run...
I hope that halving can actually have some effect on the price rise, but for it to be before and not after the halving happens. Remember the collapse in March 2020 and all models were broken. There was a halving then too and nobody could have predicted that it would happen. So ETFs can play a role in October and I would like nothing bad to happen.
Anything could happen in a snap and there's no way that we could really be able to tell that what happened in the past would definitely happen in the future and this is something that we should really be having in mind.
Basing up on those charts or table above then it does  really show that most of those years where the price is really on the green percentage which it do really give out that kind of boost up into those people who
had been struggling for the month of September and now that we are on October then we are really that something anticipating or really that believing that we might be seeing the same thing for this month.
Although it would really be always that wise that always consider risks management and dont make yourself that get easily be that hooked up basing up on those past events or history itself and directly making out
conclusions and steps to be made without having those considerations in applying some analysis whether we would really be green or red for this month. Last dumps or crashes could happen neither on pre or post-halving season and this is why its always been that recommended on what are the things that needs to be considered and mind of so that you could really be able to make out most of it.
553  Bitcoin / Bitcoin Discussion / Re: Few reasons why people are hesitant to buy or HODL bitcoin/Crypto on: October 01, 2023, 07:40:07 PM
Here are some of the challenges restricting users from buying and hodling bitcoin:


1. Restrictions from the government and regulators who keep on threatening that they may ban bitcoin or crypto in general anytime, imposing an unjustly ridiculous tax on trading and withdrawal literally leaving us with loss even if we make a profitable trade. What if a situation arises wherein we cannot withdraw even if the value of bitcoin increases as it will be of no use.

2. We need to earn a lot before hodling as most of the users in this forum are joining campaigns where the payment is not even guaranteed especially bounty campaigns so I hope you understand the financial situation of people which is due to unequal wealth distribution created by corrupt government and this can be broken when people start earning more through various source of freelancing instead of 9 AM -6 PM job which has made them slave and only once a person has a good amount of at least $100-$200 (this might be little for us but for people from certain geo region this is way more) they can invest and hodl or trade. 

3. We need to buy in dip or at the peak of a bearish market if we want to buy and hodl for at least a few years, we can take the example of people who bought at the peak of bull run during end of 2017 and had to wait till the end of 2020 to meet break even and gain profit but many end up selling due to panic and fuds, we need proper channels to educate users to avoid panic selling and build a strong community as a lot of negativity was spread during last bear market which distanced many from crypto.

Feel free to share your opinion on how we can fix this.


4. Afraid on being scammed, whenever they do see something new and havent done their proper research then they would really be commonly having this first impression but later on on which they would really be able
  to realize that they were wrong on the time that they do make their research.

5. No idea, no knowledge, not being aware, no clue about investment matters.

6. They arent that emotionally and psychologically prepared or cant really be able to take up that risks.

For whatever reasons lacking then it would really be just that normal that people would really be having those kind of hesitance specially on things that they are just newly been that able to meet up or
something that it is really that new into their eyes. So impressions would really be common specially to those who do have that zero knowledge.
554  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 01, 2023, 06:55:59 PM
If you have plans to start a dream business that requires a capital of  $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?

1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved  $15,000.

2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
How long is that the long period that you are talking? How long you have been able to save up and reach that $15k savings that you do have?
If that lacking $5k wont really be taking up several or couple of years then it would really be just that better that you should really be saving it up and would really be that doing that business on what you do have in mind.
Tending to make use of that 15k on a business on which it turns out to be your reason on generating another 5k then it would really be prone to errors and might ended up on a loss. Why you would really be that too desperate on doing such move or thing? Doing business on which it is really that out of the scope of interest of yours is never been recommendable or appealing in the first place.

On the time that you do make out such decision or act, then it would really be just basically shows on how desperate you are on making money and this is something that you should really be needing to think twice.
If you could be able to afford up such risks with that non planned business then go ahead since its your money but if you do mind or boggle about the risks and also getting in line with your interest
then its better to save up more and build the business on which your heart and mind is really pointing into. There's so much difference in between two.
555  Economy / Gambling / Re: 1XBIT.COM ᐉ 7 BTC WB ᐉ Altcoin Betting ᐉ no KYC ᕗ Instant payouts on: September 29, 2023, 06:26:57 PM
Any player who still depends on ratings from trustpilot will eventually be fooled at the end of the day, I personally stopped depending on ratings from trustpilot a long time ago as I believe 90 percent of ratings on that site is bought or influenced my some give away or bonuses,  forums like this are the best places and ways to discover and find genuine review of gambling casinos, I personally have leant to depend on this forum , and sometimes , some outside sources that are trusted, but trustpilot, has become a business rather than a genuine place to trust for genuine trust score of businesses and services.
Feedback/ratings on Trustpilot can be manipulated. So, there is a chance to manipulate feedback of any site/service. In this case, it is very difficult to understand which can be manipulated and which can't be. And it is too difficult to understand which are real and which are not. As a result, the users can be losers. I never rely on any feedback for gambling. For gambling I depends on the forum.
but knowing how worst case this casino is? im sure review site can change what people knew about this scammers.
and as we all keeps bumping this thread and their victims spreading about their experiences? I know that there are only few that still falling into this trap, and yes there are still lot of advertising they are promoting and many platforms , but the truth shall prevail and they operation one day will ends.
There's alot of shady promotion and marketing done by the casino in order to lure more new gamblers onto their platform. Therefore, don't be sure there are few people still falling into their trap especially when Blockchair is still among the cryptocurrency platforms that will advertise while they were also able to buy the soul of some gambling reviewing websites.
I also see this same problem because those casinos are willing to spend tons of money just to make their name clean and gather more and more victims.
and you are also correct that they are buying those cheat reviews and conniving with them to make more and more money out of their victims.
I don't know how much are the agreement  but looking to all those claims here and outside this thread?
I know that we are talking millions of dollars here.

Even if they spend a lot of money here still many gamblers in this forum are totally convince that 1xbit will never bring any good experience to them and they are done already with this casino that's why their management already decide not to bother fixing their reputation here anymore. This is maybe the reason why they decide to market outside since from there they can still possibly lure people to gamble. Compare here that they receive a lot of negative feedbacks.

 If they plan to run a good casino here then maybe even before they fix those problem but they let those issues exist and now they feel the angry sentiments of people and warn other newbie about not good to gamble in this casino.
I do still actively seen their ads on youtube about of their company which we could really say that they are really that putting that  focus in other means or ways of marketing rather than focusing into this place yet they
do know that they do really have that bad reputation here on this space and this is why they wont really be trying to fix it out. Its true that majority of noobs doesnt really care about making up some research first before they would really be making out  some deposit. They would really be just only doing this on the time that they had already experienced some issues or problems which they must have done it earlier for them
to avoid such hassle and headache.

It doesnt really cost you and arm and leg on trying out to make some research and typing up that "1xbit scam" on seach bar, then you would really be finding
tons of search results on which you could really be able to realize for yourself that its better to avoid this one considering those issues and shady behavior
is really that severe.  Make use of your own common sense most of  the  time.
556  Economy / Trading Discussion / Re: Trading bots... do they work? on: September 28, 2023, 09:28:02 PM
I'm sure if it is a genuine trading robot of course it works. But that doesn't mean the robot used in trading can be completely accurate in looking for signals. usually we use it for traders who have little time to analyze and let bots play their money in trading. If you really want to use it, make sure to actually use the trial of the bot to ensure whether it really meets our expectations or not.
and these bots that usually works really well are the one designed for it, meaning it has ability to make some guess based on current pattern which revolves around taking advantage of guidebook chart analysis.
meaning that its not some random bot with minimalistic capabilities and if i remember correctly most of exchange out there that give bot features are just giving bot with minimalistic capabilities just to determine when to entry and when to cash out meaning it won't be that massive of help.
if you are good at programming, you could bould it yourself and make it better suits your needs and I think thats far better than using some random bots.

Better understanding and if you have deeper knowledge, you can really maximize the use of this system, as mentioned, you still have to program or input what you think the market next movement, system that will allow you to position your prediction in advance, bot will execute even you are sleeping, you don't need to spend more time if you know how the system works.

The good catch behind it is you can trade without emotion. I mean, after you setup your position using bot, all you have to do is wait and allow the cycle and see if your assessment is correct. Let that bot work for you.
You would really be seeing the actual relevance of bot in trading if you do really know on how to make use of it and just like the rest been saying that you would really be eventually be able to see and appreciate its usage
specially if you are that a trader who doesnt really like to see and watch chart all day long on which you could really be simply be putting up those bots in work and would really do the job for you but of course they arent
really that adaptive specially if there would be some sudden news on which means that it would really be needing with your own decisions and alterations on the time that you do make out decisions on changing those trading methods or ways.

Agree on some points above that newbies are the ones who do have that kind of impression on which they do really believe that Trading bots could really make out money for them or able to generate without doing much
work without even trying out to realize on whats the actual usage or how it should really be used in the first place. If they do really just know that real deal with these bots then they would really be looking themselves like clowns on believing on something which it is really that impossible. Trading bots do really work but of course when it comes to precision and efficiency would really be always depending on the set up
or commands that you had put up.
557  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How do centralized exchanges tolerate Monero transactions? on: September 28, 2023, 08:25:17 PM
I see that many people have problem with bitcoin transactions because sometimes exchanges block them if they come from casino or from mixer or they simply tell you that your coins come from shady activities, their ToS and 0 regulation from governments in this case gives them absolute power to do whatever they want without further explanations or proofs.

So, my question is, since bullshit Blockchain Analyses companies partner with exchanges and block Bitcoin transactions, that means if one wants to use it, Bitcoin deposits aren't the safest options out there. But how do they deal with Monero? Monero is as anonymous as possible and they can't claim that your coins come from blacklisted addresses or something like that but at the same time Monero is very popular on darknet and I am afraid this close relationship of Monero and DN can make a person appear suspicious on exchanges. I don't know if I follow the right logic here but would love to hear your experiences, have you ever had a problem with monero deposits on exchanges/casinos and so on?
P.S. I know we shouldn't use centralized exchanges but I want to fulfill my interest.
If you do try to have some peek on the markets on which Monero(XMR) is traded on, then you would be able to see that even Binance does have it.
https://coinmarketcap.com/currencies/monero/#Markets

I dont see any issues about transferring your coins into those platforms because we know that exchangers are heavily centralized which means that they do abide government laws
and on the time that you do make out some transfers then anonymity would really be surely be removed.Why? for sure you would really be complying out some KYC
on your exchange account which means that your been already traced or known that you do have made out XMR transactions which i dont see for them to be worried about anonymity or some legal
issues because as long they do get a hold of your information then there's nothing they would really be worrying about unless if those XMR transactions made out on p2p
then it cant be traced.

But we've seen those delisting of privacy coins which its not really that a shocking thing because government doesnt really like on dealing up with things which arent
something that could be controlled and since they do have that power and rights with those current platforms then they would really be just simply implying it.
558  Economy / Gambling discussion / Re: do anyone have done this? with gambling platforms on: September 28, 2023, 07:15:36 PM
There are two sides to this question that OP is asking..

1. There are some set of casinos that shows their real color after you win some large amount of money, to withdraw from the casino will be very hard, and probably won't ever be possible, some will even find something to blame you for, so that you won't be able to withdraw that money.

2. There are few casinos that will attack you with KYC verification, they will surely slow down the withdrawal process but eventually you will get your money after you complete the KYC process, to me this is not bad and it's expected from every legal casinos that want to keep their records clean.

This is why it's good to always do your own research about every online casinos before depositing some money on the casino, do your own research.
You`re talking about scam casinos mostly. The KYC after big win is normally and the main part of the casinos KYC such the winner, if he hadn`t KYC before. But it is standard procedure and doesn`t take lots of time usually. I was in such situation several times. It was from several hours up to 2 days.
But of course it can be used to cancel or pause withdraw if the casino has problems with money or it is scam casino.
We've seen that there are casinos which does have the ff. conditions.

1. Asking KYC on hitting up a particular number threshold
2. Asking KYC on the time that they had suspicions about your gambling activity
3. Asking KYC without any valid reason or said violation ( scam casinos)

For sure majority of those gamblers would really be complying out with those verifications specially of the said winning amount is something significant
then it would really be just that so normal that they would really to comply on whats needed because you are really that serious on taking those money out of the platform.
KYC process shouldnt really be taking that long. In overall, if you arent really sure on which platform you would really be that playing then it would be always ideal
that making up some search first before you would really be considering on making some deposit. You wont really be able to experience hiccups when you do deal
on the right place.
559  Bitcoin / Bitcoin Discussion / Re: Cashing Out Thousands of Bitcoin on: September 28, 2023, 06:16:30 PM
If I own that much, I'd probably register to as many exchanges as I can just to cash them out. But I'll do it with small amounts until I ran out of it if that's the plan to sell all of it.

But first, look if there's an OTC market where you can go. It's for sure going to ask you some important matters and will certainly ask for KYC. But do you have the choice?

You want to sell it and it's like you've got few options to do that. Although you can also check P2P for it, so that means like canvassing all potential markets and methods.

To avoid alert from the bank, don't do like a million a day or learn how much your bank allows not to flag you with your transactions.
There's no way that you could really be able to do bulks cashout when it comes to this knowing that there would really be tons will really be trying out to get a hold of you specially on verification and with some taxing issue
on which we know that they would really be that eager on trying out to get some big slice with the money you do have. Tending to go beyond with those maximum limits on which your bank account could hold?
Expect that  bank would really be calling you out on this regard or even just simply transferring those 5k coins on an exchange would definitely be raising up with those concerns. So the best thing to be done
in correlated to this is to cash out on  gradual manner and it would not really be creating that kind of problem but of course it might take for sometime but actually i could really be able to handle out such hassle
as long i do keep on cashing it out. How i wish that i do have this kind of problem,eh?  Grin
560  Economy / Speculation / Re: Bitcoin - what are we expecting for the rest of 2023? on: September 27, 2023, 08:33:09 PM
Well I am not expecting so much of a raise in price of Bitcoin. There is so much going on in the world and we are waiting for the sec to solve many court cases.

But then if I see whales stacking their coins I think maybe something big is going to happen. Michael Saylor's company MicroStrategy has now bought a additional 5,445 Bitcoin for a price of $147.3 Million. So it does give me some 'bullish' thoughts when he does this.

https://coinjournal.net/news/microstrategy-acquires-an-additional-5445-bitcoins/
Michael Saylor and his company-- MicroStrategy have always believed in Bitcoin and their belief has always paid off, and the major payoff for them would be when Bitcoin hits another all-time high this time maybe going around $100k which will surely make their stack worth lot and the company will have a huge profit out of its Bitcoin investments that it has made so far and might make in the future. They've always used the perfect market conditions.

If we talk about market conditions, I believe we won't see any major movements now in this year, the only major movement we saw was at the beginning of the year when Bitcoin went from below $19k to $31k in just a couple of months, and then it became stable there. But, we will surely see some action in the next year.
For those institutions or companies who do see the advantage of Bitcoin or having be able to be wary about its potential the gradual accumulation would really be their main priority. They are buying not in bulks but rather on gradual phases on which it might look not that affecting much but they are already stashing out coins while the price is still cheap. Yes, it is really that an advantageous thing for the entire market since recognition
of Microstrategy is there but we should really be having in mind also about the risks of those dumps on the time that they would release and sell all of their bagholdings on which it would really be causing that significant impact but since its their coins then they do have the full rights on what they would really be doing which it would really be that known that once this market hits up that new all time high then it would be the sweetest spot on securing profits and just like with other investment approach then it would really be just that normal on having that kind of plans or possible actions which you would really be making.
Expect the unexpected because market is something that cant be known on what the price movement would really be looks like in the future. This is why it would really be that wise
that you should really be taking up such step.
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