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5921  Economy / Gambling discussion / Re: Gambling is an entertainment? on: November 12, 2020, 06:19:28 PM
Gambling is considered a form of entertainment due to various reasons, but I will state two of them for you here to give you a good grasp of what's about it.
1. It is fun
2. It is profitable
Gambling is fun. Sure, you may lose a lot and that may give you headaches but what you skgned up for in the first place is the promise of fun. And the fact that it is profitable in one way or another makes it a form of entertainment. The viewers, audience, and the people betting themselves should get something positive back to consider it an entertainment. Which in this case is either cash, or fun.
Gambling can be fun and can not be fun.
If someone is addicted to gambling, then it is not fun, if someone is using amount he can not afford to lose, then it is not fun, if someone is selling properties because he want to use the money to gamble, then it is not fun. In that way it is not fun and not profitable, but could be life devastating.

Gambling is only fun when you bet in a way you are not addicted, not risking what you can not afford to lose, and betting with very low amount of money, and if you are able to control yourself, then gambling is good and entertaining.

But, gambling can be fun but yet not profitable, most people lose to gambling, but it should be in a way you lose what you will not think about and yet still being happy because the amount is not much.
5922  Bitcoin / Bitcoin Discussion / Re: Bitcoin needs more women. on: November 11, 2020, 07:56:29 PM
Bitcoin needs more women is a wrong statement if you permit me to say that, bitcoin did not depend on women, so why using such statements? What bitcoin needs are people, it can be men or women, irrespective of the gender. But, let us put it this way, that women needs bitcoin, also everybody needs bitcoin, because the price will still rise higher, making better future for bitcoin. The bitcoin better future will reflect into people investing in it, women included. Also, just know that more women are investing in bitcoin, especially in 2020.

https://cointelegraph.com/news/the-number-of-women-in-crypto-and-blockchain-is-skyrocketing-in-2020/amp

5923  Bitcoin / Bitcoin Discussion / Re: Tax Question on: November 11, 2020, 06:32:00 PM
Let's imagine again that you have 1 bitcoin and got another one from your friend but for this reason, you gave him your TV instead. What about if no one will ever know about that? I guess you are from the USA because as far as I see people from this country take such things very seriously. In the country where I live, I can sell my smartphone, TV, washing machine, a fridge without paying anything to the government. We will have a deal in real life, he gives me cash, I give him what I sell and that's all. Why to tell the government that I sold TV and hey, come here and tax me. In overall, they don't care about such things too.
You can make use of self custody with ease in USA too or anywhere in the world to bypass the taxes. Making use of custodial services like coinbase that comes from USA are the real issue, I can come from USA and used other exchanges that are not from USA that will not include any tax, but using custodial exchanges or other custodial services should be totally discouraged. I buy TV or I sell TV is p2p while not sending the bitcoin p2p also because both of you can have bitcoin wallet without any custodial proverders.
5924  Economy / Trading Discussion / Re: Copy Trading... on: November 11, 2020, 06:26:03 PM
I may not fully disagree that copy trading is not good, but knowing that ignorance can lead to failure, traders should first learn about trading before starting to trade, traders should be disciplined and followimg the trading rules, traders should have good trading mindsets. After learning trading, then trader can try to analyse coins and market. He will be able to know the right step to take, either to make his own trade or be cooying others. As for me,  I can no copy trade, I analyse the the market myself and make my own trades, this may not be good for beginners but it is the best for experts.
5925  Economy / Gambling discussion / Re: Why most of us are losing money in sports betting? on: November 11, 2020, 06:21:52 PM
We loss, because the players always think that He will win the bet on the next round. Then, sometimes there are other gamblers lose their money because of greediness, that's why I think this bad habit will always be part of the game in the gambling site.
I think gambling is beyond greediness, people that are gambling can also be greedy, but what I can say to this is that we should not see gambling as a business, we should not also gamble often, we should use the money we can afford to lose. In this case, it takes discipline and not having gambling addiction, if someone is not having both qualities, then greed comes in. We should also know that no matter how expert we are, the more frequently we gamble, the more likely the chances to lose.
5926  Economy / Gambling discussion / Re: Did anyone try to "gamble" with ponzi scheme crypto scam services? on: November 11, 2020, 06:13:49 PM
I will not get into any ponzi scheme I will not use any money nor spend any money on that thing, it is not a gamble you will only spend money to useless thing if you will going to continue what you are doing. So stop this investing in ponzi and find another legit and suitable investment for you, better to gamble in online casinos rather than tolerating hyip.
I can only agree with you the more, because ponzi is just like using old people to pay new people in a way new people will lose, many people will lose eventually. I will advice people to also stay away from all sort of ponzi, be it gambling or other ponzi businesses. I will rather prefer to gambling in a legit way that is not ponzi at all because ponzi by nature is not good and should be discouraged.
5927  Economy / Gambling discussion / Re: Multi bets vs single bets on: November 11, 2020, 06:09:22 PM
I think there is no gambling place that provides guarantees about big wins that can be obtained, all of them have risks that cannot be avoided, even though you have a lot of practice and experience, you still can't win 100%, indeed the safe way is to make a single bet rather than bet on a lot of games that won't necessarily win.
I like this opinion but can you see it the other way, normally gambling is risky, the betting companies never gone bankrupted because 99.99% of people that are gambling are losing to them while the betting companies are gaining. If you stake a single bet, you will increase the amount you will use to stake, and nothing guarantee that you will still win, I see accumulation as the best, using very little amount of money that you can afford to lose, thinking you have lost already and seleted big odds without you thinking to win, luck could come, and if you lose, you are not depressed but still happy.
5928  Bitcoin / Bitcoin Discussion / Re: Stanley Druckenmiller: another billionaire sees bitcoin as store of value on: November 10, 2020, 12:30:24 PM
It is not about a billionaire only saying this, it is obvious and we can see this ourselves, there was a time bitcoin was $0.8 and now at $15000, is that not a store of value and obviously to see. Even if the price has not increased to this such extent, because bitcoin is a digital asset, it makes it remain as a store of value. People that realized this earlier were able to make a lot of money from bitcoin. But with the adoption now, many people do not yet know bitcoin much, they will buy, the marketcap will still increase, the supply will reduce and all will be mined in a way the increase demand with little supply will increase the price of bitcoin the more.
5929  Bitcoin / Bitcoin Discussion / Re: Will the new US administration be friendly to bitcoin? on: November 09, 2020, 08:42:52 AM
no, it will be exactly the same as the previous one and continue having the indifference attitude towards bitcoin while pretty much the same regulations are forced on any centralized service (such as exchanges) that work with bitcoin.
I think US is friendly with bitcoin to an extent, like now, there are over 8000 bitcoin ATMs in US, and also there are many crypto exchanges operating in US. But, what you meant about the regulation is true, but the same regulation is required while using fiats. We all know US to be the master of privacy invader, what we do not like as it is also a means of scam infiltration.
5930  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 08, 2020, 07:31:03 PM
Only 1-1 for Juventus, Lazio managed to tie at 95', this happens when you can't score the second goal.
After 90 minutes, 4 minutes extra time was given, Lazio scored at exactly some seconds to the end of the match, it was so unlucky for Juventus that really disappointed their fans and people that bet them to win Lazio

This is an unlucky year for Juventus I think they will not win in the end.
I have not seen this year unlucky for Juvestus, there were seasons they had a very worse start but picked up to win the Seria A, they are the ones wining it all the time. In this season, they have not lost a single match, and all those above Juventus in the league will surely go below, and very possible Juventus to win the league even with AC Milan being in first position for now, the league new season has just started, only 7 matches played yet.
5931  Economy / Economics / Re: 1000 BTC moved after 10 years on: November 08, 2020, 07:21:10 PM
This should not be surprising at all, those who knew about bitcoin around that time, that also mined it was able to gained a lot.

What would you do with 1000 BTC today? Smiley
If I have such a huge amount of bitcoin, I will only make use of my hardware wallet and hold it. But, probably sell some for other businesses.

Cool
5932  Economy / Speculation / Re: Why is Bitcoin dumping right now? on: November 07, 2020, 08:50:49 PM
I will say some people are thinking the price of bitcoin is a little affected by the presidential election, but they are just fomo, that is why they just buy bitcoin in such time and sell after the end of US election. I believe such people have collected their bitcoin already into fiat, while others still wait for the rally to go on, let us all still see bitcoin breaking $15000 again, and at that time which is very near, let us see it breaking $16000 as well. The people that believed US election caused the pump have all sold their bitcoin and resulted to the dump in price, while others that believe in halving and bitcoin as a deflationary currency will be the ones to gain more because bitcoin normally is increasing this time without the US election.
5933  Economy / Gambling discussion / Re: Does Bitcoin price rise affect your gameplay? on: November 07, 2020, 07:17:37 PM
I bet normally, I do not see any issue bitcoin price increase is given at all, I have a percentage price I bet with, I convert the dollar to btc first before making betting.

I have seen the same, people are complaining that the fees are too high and it is taking a very long time to get a confirmation and without it they cannot gamble at all, while some may not consider this to be a problem if you are looking to make a transaction with a low amount of bitcoin it is entirely possible the transaction cost is going to be bigger or at least be a significant part of the value you are trying to send in which case it does not make a lot of sense to send that money over to the casino.
You are right, the transaction cost is another issue, but, as of recent, paying $2 to $3 worth of bitcoin as fee is not bad at all to transfer $100 or more, this is the range of low transfer fee for now, within 2 to 3 hours, the transactions will be confirmed. But, if the people not satisfied with that, they can make use of altcoins like litecoin as payment. 
5934  Economy / Gambling discussion / Re: Why most of us are losing money in sports betting? on: November 07, 2020, 06:45:26 PM
I have lost in gambling very well, most people are losing because gambling companies set out the odds in a way people will lose, they make big odds more difficult or nearly impossible to win, but games that have high chance of winning with low odds, many people still lose the low odds, but before people can gain, they will have to bet several times and of which they could lost. Gambling are like a way to make the betting companies grow, we should only use the money will can afford to lose, because the chances of losing is high.
5935  Economy / Gambling discussion / Re: Lost more in the process to recover ? on: November 07, 2020, 08:09:53 AM
It is really annoying to lose while you are trying to recover the amount you lost before. But it is the nature of betting. If you lose control and don't know when to stop, you will probably keep losing. If you really want to recover the amount you lost, you should know when to take a break and play logically.
Yes, in anything we do in life, we need quality mindset for it, we need to know certain laws that will benefit us, in betting, it is very important for punters not to think of their losses, people thinking of recovering back their losses means they use money they can not afford to lose, and if punter is using the money they can not afford to lose, this kind of a poor mindset builds up, leading to addiction. As we all know that addiction will only worsen the whole thing, making the punter to lose the more in a way gamblimg becoming a problem for him.
5936  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: November 07, 2020, 07:49:09 AM
In my opinion, Manchester City has Guardiola's main problem: he is confused in his schemes and tactics. I confused the whole team, so I don't think Liverpool will lose this match. Most likely a draw or a victory for Liverpool.
This kind of match could be hard to predict, Man city will still have the home advantage, they can make it tough for Liverpool, it could even end up Man city to win. The two clubs have good forward players which makes it likely for both team to score or to play over 2.5 goals, these will be more better than taking one club to win which could be otherwise.
5937  Bitcoin / Bitcoin Discussion / Re: lets imagine world without fiat currency on: November 07, 2020, 07:40:08 AM
Bitcoin and altcoins have their own advantage, but if we are candid, we should know that fiats too have advantages, if only bitcoin is used as a form of payment without fiat, that means some countries will still suffer, bitcoin will be in one part of the world (developed countries) while bitcoin will soon later be scares in some part of the world (underdeveloped and developing countries). Like in Africa, where all counties are either developing or underdeveloped, they still face this problem but always trying to devalue their fiats to reduce the way foreign reserves leaves the country. But, in case of bitcoin, such can not be done, therefore the countries that are not developed will become more poor. Having fiats and having bitcoin and altcoins as alternatives is the best.
5938  Economy / Gambling discussion / Re: Premier League Prediction Thread 2020/2021 on: November 06, 2020, 06:02:07 PM
Wow! I also placed bet on the same team as you on both of the game. Brighton is playing good in their last few matches, same as Southampton. Hope both team will get an easy win on their matches.
I do not know how this game will end, but with what I predict, Brighton would win the match or it ends draw, Burnley has never won any game since the start of this season, they hardly drew 2 matches and losing 7. Brighton also has home advantage, while Burnley not playing good at all
5939  Bitcoin / Bitcoin Discussion / Re: Top Reasons You Should Know More Before Buying Bitcoin (BTC) on: November 06, 2020, 11:03:30 AM
Bitcoin is not like fiats that is known to be depreciating in value, especially in developing and underdeveloped countries where the volatility of fiats are high and yet in the depreciating form only. That is why people are turning towards bitcoin.

Here, we have mentioned the top reasons that you must learn about Bitcoin (BTC).

1. No Political Interferences
2. Investing in Bitcoin is Simple
3. Irreversible Transactions
4. Reach Globally
5. Bitcoin Boost Your Bank Balance

1. No political interference because it is not controlled by any central body
2. Investing in it is simple but investors should be able to analyze
3. It is very important for newbies to know this, that bitcoin transactions can not be reversed. But transactions that have no confirmation yet can still be reversed using rbf, electrum 4.0.4 even support rbf cancel transactions.
4. Bitcoin decentralized nature makes it accepted world wide.
5. Bitcoin boost my asset and worth, not my bank account. Bank account should not be overestimated.
5940  Economy / Speculation / Re: Bitcoin is pumping on: November 05, 2020, 07:47:06 PM
This might be the first time that Bitcoin surpassed 14k after 2017
It is 2018, bitcoin still reach $14000 in 2018, the bear movement really continue until he got to $3800 in the year.

1. Will Bitcoin create a new ATH?
Very possible, but we should be sensitive to bitcoin price, but showing it will move towards $16000.

2. What is your price prediction?
I am not certain it will get to $20000 but if gotten to such price, it will not really get beyond it for now. I guess.

3. Will Bitcoin reach $50,000 this time.
This is not possible for now, I am predicting such price to be around 2025.

This is just a guess work.
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