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61  Alternate cryptocurrencies / Altcoin Discussion / Re: How it everyone feeling during this altcoin crash? on: June 19, 2024, 08:47:09 AM
My altcoin portfolio was +83% on the 9th June but is now +51% just 9 days later.

I am buying some dips but mainly just holding during these times and hoping we recover in the coming weeks.

When will this crash stop? and how is everyone feeling?

I have it in my mind we still have a few more months till alt season so I am just holding on for now.
Almost every crypto investor is feeling the heat my friend, and I must say that it is not looking good for some altcoins in my arsenal now, they are losing, while those that were bought at a very low level have dropped some sizable profits that are not comfortable truly. Had it been it was another asset class, I would have managed them better because I always know when the market is making a retracement or reversal. But the fact that we are still in the long-term bull run was why I left them with a high level of doubts though. I will continue to look at the situation, however, if the truly cryptocurrency stands true to its past, the true bearish season should start in 2025, this one is just a peripheral.

And yes, buying the dip could be a very good idea and will help you to make more money in the end. But we should pray that everything works fine, otherwise, it will be an issue. Also, the chart is the best to tell us when this selling will stop, and when the time comes, we will all know just like now (bullish time). As for the altcoin season, I hope such a thing still exists in the crypto world, things are changing, and I hope it doesn't include that.

62  Economy / Speculation / Re: Buy Bitcoin, and HODL! on: June 19, 2024, 08:22:56 AM
[edited out]
You are making sense, Dips are inevitable in the market and some investors are not ready to invest when the price of Bitcoin is stable, for example how we know the stability price of Bitcoin to range between $70k and above, so a few investors might actually want to see the price go below before they invest but from another view it is not always efficient most especially when the Dip the investor have in mind is far more below the stable price, he may keep on waiting for a longer time untill the price begin to surge further instead of declining to his expectations and will be left with no other option than to buy higher than expected.

We might be going through consolidation for nearly 4 months, but I doubt that "stable" is any kind of an accurate way of describing BTC prices or BTC price dynamics.
saying Bitcoin is stable could be kinda misleading and may not be the right choice of word to best describe Bitcoin prices or even a consolidation period because bitcoin is originally known for its volatility and its rapid price fluctuations.

When talk about Consolidation in the bitcoin market, it simply implies a period of time when the bitcoin price range are relatively narrow, but this is far from stability, it's more like a recuperation period or a pause in Bitcoin price to prepare the market for the next significant movement in bitcoin price.
The stability or instability of bitcoin are less concern to me as long as you are for the long-term. Investors like myself don't care about the bitcoin price stability,  rather what matters the most is believing in bitcoin potentials and growth. The main focus is on accumulating and holding for thelong-term rather than worrying about price stability. Due to its volatile in nature bitcoin can not be stable bitcoin price always fluctuate but it's long-term trends has been consistently upwards. Bitcoin's history of resilience and appreciation in value overtime provides confidence for investors, so keep your eyes on the value bitcoin provides in the long run and let the instability take care of themselves.  
You make sense mate Bitcoin is more profitable when held for long term purpose due to it unpredictability in price, but our main concern shouldn't be on the instability of Bitcoin because that is it's nature rather we should concentrate on how we can accumulate enough Bitcoin and hodl for a longer period of time, with the help of the DCA strategy one can accumulate more Bitcoin in different price level either weekly or monthly and hodl for long it can be from the range of 4-10 years and above with your discretionary income readily available so you won't sell out your Bitcoin hodling along the line or on a short period of time.

Exactly, holding Bitcoin for long-term investment is the best, rather than trading with it though I'm not against trading and stuff but is only advisable for those that have good knowledge and skills when it comes to trading , but when it comes to investing such skills ain't needed all one need is just some basic knowledge and some nice discretionary income , and he or she is ready to go (that's the beauty of investing in bitcoin). But when comes to holding one should learn how to plan ahead as he or she are holding, because without proper planning one can endup messing with his investment. Like selling it too early , or using it as an emergency funds (which is wrong) because long-term holding is all about patient, and the number of stashes one had accumulated, that's why we don't only have to hold and wait we have to accumulate till we hit the point of having enough Bitcoin Stash in our portfolio.
Yes as long as Bitcoin investment is concern we don't only need to hold and wait but we should just keep on accumulating more and more Bitcoin until we are satisfied with the quantity of Bitcoin we have accumulated not in less than 3 years below but 4,5 years and above, we can buy more Bitcoin using both DCA method and the lump sum strategy which will help us accumulate more Bitcoin in a long run.
Hahaha...Your advice is so funny to me and it is highly unprofessional, to say the least. Are you telling me that we should buy Bitcoin at both favourable and unfotable prices? That's the way I see it with your advice. If I may ask you, do you know the reason why Bitcoin has not pushed its current ATH of about $73,850 through ever since despite the high adoption and awareness about it? The reason is simple, the high net worth individuals and companies that will commit their money to it at a very high level are rare.

This is because it is risky at this time and it is against their principle of investment, which is very reasonable. You see, investment has its own guidelines and principles for effective productivity so we should not due to Bitcoin ignore it. If we did, then it may become an issue over time. Fine, Bitcoin might have reached a very high price in the next 10 years, but how sure are you? This is why we need to be cautious no matter how we are trusting about it. For this, continuous buying of Bitcoin at any price as you said is so faulty, however, what I know in investment is DCA, and if done rightly, we will not regret it. But this should not be done without extra viable plans.
63  Economy / Speculation / Re: Is it time to buy the dip in Bitcoin as it drops to $64,000? on: June 18, 2024, 02:09:00 PM
Should I buy now or wait a little longer? A blogger has analyzed that the price may drop to $60,000 this week.
First, the blogger who wrote that Bitcoin may drop to $60,000 could be right, at least, the speculation is within a reasonable range. But you should know that this is a speculation, it is not necessarily going to be so, and the same goes for anyone advising you here, no one is perfect about this.

That said, Bitcoin is bearish in trend now and might move lower truly unless there's a bullish hope. However, the bullish hope can only start if Bitcoin can claim back a bullish price action on at least the 4H and 1D charts, but unfortunately, that is not forthcoming yet. Also, I see more trouble for the coin with the TrendMagic indicator changing negatively on the daily chart, and so long as Bitcoin holds below the resistance of the indicator at $68,678, it may fall further.

Furthermore, in a bid to calm some nerves, I can see strong 1W support levels at $62,120 and $59,940. Let's see how it goes!
64  Economy / Trading Discussion / Re: Most effective indicators? on: June 18, 2024, 01:18:19 PM
What are the top effective combinators for good entry and exits with little loss and that can give good ROI.

I know that there are definitely no "best" indicators for all markets, but you could as well share how you have been going along with your trades and how we can learn from it easily. I am open to suggestions and corrections as well, I don't want to use too much, because I have found too much of them on Tradingview already.
If you are looking for the best trading strategies, I advise you not to go for indicators that will be pointing towards the trend of the market directly in one way or the other, but go for the ones that will reveal the market pattern or act as support and resistance. In addition, a simple price action goes a long way in delivering the best results to traders but will do better if such can be combined with support and resistance strategies.

By using the trendline, Fibonacci, Elliot waves theory and many more, I am sure that the trader can't miss anything here. Notwithstanding, no trader should rely on their trading strategy alone but also on a very good risk-to-reward ratio.
65  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 18, 2024, 12:59:55 PM
Any investor can succeed with the DCA strategy, whether in holding or in buying and selling. But the most success will be in case of long term holding, because by buying little by little means you can build wealth, but according to this strategy all investors are successful. If participating in the investment following the regular DCA procedure.
That's true, the DCA strategy has lived for so long in the world of investment and it can't fail unless the asset itself fails. It is summarily a means to average the income of the investor by averaging the striking price, but in the end, this can't amount to regret because, during the investment, some will be missed at a best favourable price, while many others will be saved at the best favourable price, which is reasonable in all ramifications.

Nonetheless, I do not support this strategy at all times, and anytime the market has fallen so well to the point that you feel sorry for it...lol, you can commit your money to it without thinking twice. You will only miss out on a great opportunity by DCAing at that time. However, if the price of the market has risen to some doubtful level, yes, that is the right time to DCA to make sure that you do not lose/miss much due to FUD.
66  Alternate cryptocurrencies / Altcoin Discussion / Re: I Messed up with my Notcoin on: June 18, 2024, 12:42:07 PM
First mistake
I got introduced to the game early, like 2 to 3 weeks after the game was first launched, I ignored it seeing it as something more of a child's play,, I watched the number of players increased from almost zero to millions, I started to pick interest but still did not make up my mind to join, later on, I signed up but never played the game until about two weeks to launch, I started playing later on, I was able to earn around 7,500 Notcoins in total.

Second mistake
After the launch, I withdrew my 7,500 Notcoins to bybit, I watch the price rise to $0.012  but didn't sell, I was waiting for a higher price, eventually, price started to fall and it got to a point, I could no longer bear, I sold it all at around 0.004 for around $40 usdt, and like 4 to 5 days after selling, the price of Notcoin began to rise again, and today it's currently at $0.0226 per coin, my 7,500 Notcoin would have worth $170 now, but I gave it away for $40.
What a shame on me.. 🥺
Bro, there is no shame on you, stop that! Let me tell you this, no one is perfect in the world of speculation and gambling, and many who you thought were the heroes of earning in trading and investment could at times do that due to guesswork, gambling and daring. However, this is all about risks, so no need to curse ourselves just for missing an opportunity, another may come next time. But still, be careful as it may not play the same way and that is when you will know the beauty of being careful which you thought was a shame.

What if you left Notcoin and now the $40 is $4, how will you feel? Do you think this is not happening? Oh, boy, it happens daily. It is the missed opportunity we often talk about, we don't appreciate the missed causality.
67  Alternate cryptocurrencies / Altcoin Discussion / Re: Stable coin without algorithm or backing on: June 18, 2024, 09:49:50 AM
-snip-
How do you think would the the price in USD of such stablecoin always stay close to 1.00?
There is no guarantee in that, which is why you will always see some stablecoins quoting a little less than the value of a USD or a little higher than the value of a USD. Most claim that they have their stablecoin backed by the USD, but this is truly not so, and it is due to many factors including their selfish gain in rate manipulation and what you just explained above.

I can only believe that a Stablecoin will always be equal to $1 if the stablecoin has its own blockchain and is truly backed by the USD.
68  Economy / Speculation / Re: The BTC stability on: June 18, 2024, 09:24:35 AM
You talk like someone that is not deeply rooted in trading, it is not respective of how many times histories look similar but the warning towards the time of deviation. Nothing works perfectly even if they have done that before and what is happening with Bitcoin recently should have hinted to you of this. This is how every asset behaves, so Bitcoin can't be an exception, it is only a matter of time before everyone knows this and faces the reality.

Fine, Bitcoin has had some beautiful patterns/cycles in the past, but it is due to the fact that the people in control then have the same mentality/ideology towards it, so they turn it into a tradition which makes it behave in certain ways in cycles. But things are changing, especially this time that Bitcoin is now being majorly controlled by institutions and not by the old whales as people called it, who understand and manipulate it the same way, and also preach the same to adopters.

How it behaves at the weekend should have also told you something, it will get to a time when it will not be business as usual, nothing happens in the past that will always be replicated in the market, it is not possible, it can only take time. The earlier we plan for it, the better for us as no asset can always be behaving in such a way that people will always be able to cheaply predict it as it was in Bitcoin. If it continues forever this way, then it is not dynamic like other markets, which I will never believe. Expect more deviation soon!
Are we entirely sure that it is changing? Why do you think that it is changing or at least what made you believe that it is? So far, we have seen it go up after halving, and then go down after that up, and then stay down for a while, then go up again after halving and that has been the system for a long time. Looking at the most recent years, yeah 2022 was down, 2023 stayed down mostly or went up just a bit, and now we are near the all time high, so far it all looks like quite similar to the past.

So, I do not see a reason why it is going to change anytime soon, we are looking at something that will take care of it very differently, and I do not think that we are going to end up with something that will change, we should accept it as it is.
As per your query, Bitcoin is good but not perfect and I have written about many reasons why Bitcoin should be careful of it over time. Just like any other asset, we have to be the friend of our trading chart for the most effectual guide and not rely on the past histories as you claimed, it will NEVER, I repeat, it will NEVER continue to replicate it. If Bitcoin replicates history all the time, then it is useless, because it is a very good reason to say that it is not dynamic. The dynamism of thing is a very good characteristic of all assets listed in the financial market, this is why they are not always predictable.

Fine, in the past, Bitcoin had some high degree of replications of its history in cycles, yet, are you not sensing that things are changing? Look at what happened in the later part of 2023 to till March 2024, had it ever been witnessed in the history of the market where it would have such a huge movement in just some months to halving? A situation that made it hit its former ATH of about $69,000 and even moved past it to settle at about $73,850, which it has not been able to reach again even after the halving.

Also, a very good consideration is that all the time that Bitcoin was buying in multiples and replicating the past histories in cycles, don't you think that the price was still low? Which is also applicable to its liquidity. By then, it has fewer adopters compared to the present statistics, most people have already known it, so who are the new adopters (in millions) to push it higher so significantly in a short time? If at all Bitcoin will rise so well, it will take time.

Besides, in the past, whales with a few million bucks might buy it and go to social media and talk of it, and by that, many followers would do as he said as well which often caused the market to move as they predicted (manipulation). But that is gone. This can only continue with a thin liquidity market and not what Bitcoin represents now. An end has come to such bullish speculation without a basis for it, and this is particularly true as the market is now being controlled by institutional money and not the so-called whales. If at all, they (institutions) are interested in buying Bitcoin, they would have bought it very low, that's the way they operate. It's risky for them to buy it high, so where is the liquidity coming from to push Bitcoin so high in a short space of time? I really don't have confidence in that.

Notwithstanding, these are my personal views, they are not automatic things that will happen.
69  Bitcoin / Bitcoin Discussion / Re: What initially brought you into Bitcoin? on: June 18, 2024, 09:08:51 AM
BTCWhat initially brought you into Bitcoin?
To be honest, Bitcointalk made me adopt Bitcoin eventually and it was possible because of the earning opportunity of the coin. I've known Bitcoin since 2013 (if I remember correctly), but I never adopted it then. By adoption, I mean buying and keeping it. But for usage, yes, I used it since then or a year after. But it was all about the buying and selling of the coin so that I could deposit it where it was accepted and withdraw it when needed.

However, Bitcointalk changed the narrative in 2022 when I started buying and HODLing it.

Quote
and what made you stay?
I stayed because the earning expectation which I adopted the coin for is positive.
70  Economy / Gambling / Re: Share trusted VPN Friendly crypto casinos on: June 18, 2024, 08:46:23 AM
For me, I would rather like to spend more money on the installation of a very good anti-virus with multiple protection purposes than risk using a VPN with casinos. This is especially risky if they clearly state in their terms and conditions that they forbid it. Is that not looking for trouble? Using my local IP anywhere I go in the world puts my mind at rest, and with anti-virus, I am secured pretty fine, which was what I was looking for with a VPN.
I think the comparison is a bit flawed since the nature of those things is quite different. Not to mention everyone values their money and what things to buy differently. If you use Windows buying anti-virus software is a bit redundant since Windows Defender is quite effective, though discussing this further would probably derail the thread. But I agree that you should not use a VPN if the website states they don't allow it in the first place. I'm pretty sure this is probably my third or fourth time saying the same thing in this thread.
It is not flawed my friend but a well-thought-out point. Fine, Windows Defender and others from other operating systems can be viable, but I've seen many flaws when researching them. Needless to say, good anti-virus these days do more than the work of antivirus as the name denotes but also have the function of VPN and many more. Some will be light in such a way that the casino will know it is an antivirus, but will protect your identity which could be the reason why some people are using VPN, even if they do not want to use the VPN for obvious reasons.

Wait a minute, if we are sincere to ourselves, you who are using a VPN to secure your identity with a casino but have registered and completed the KYC with, what are you still securing? In this case, no need to protect who you are from them with a VPN anymore. Thus, the antivirus can do the remaining protection for you if need be to avoid the VPN issue with the casino.
71  Economy / Gambling / Re: Unreasonable Withdrawal Limits on Betiro on: June 18, 2024, 08:15:31 AM
Lol...Casinos having a presence in the forum is not a requisite for good service, and limit issues like this are scarce. This is true for not seeing such as a regular complaint on the forum but everywhere I also read of casino issues. The main ones are the KYC verification issues, reduced wagering limit and withdrawal denial, many of which are worse than the limit issues here, and the casinos advertising here are not exceptions to these complaints.

All I can advise is that we should look for reputable casinos to avoid all that. The best way to do this is to look for well-liquid casinos like Stake.com with track records. By this, you can't be racking your head to gamble and still racking the same head on the withdrawal limit, which is absurd.

It’s true that a casino having an Ann here does not automatically make them reputable but still, if one wishes to use a casino they can simply go through their Ann thread and see what other forum members who have used them before have said concerning them, and that’s the main reason most people always point out if a casino has a presence here or not - it only serves as a means of getting a better view of what to expect if they should start using it.
It's clear you understand what I wrote and I must say also that I understand the extra you added to it. Giving some of the casinos that advertise here or that are active on the forum in one way or another the benefits of the doubt is a very good way to go by. It has guided many and will continue to do so because this is where you can get the most unbiased review of casinos and sportsbooks better than anywhere on the internet.

Nonetheless, one should be very careful because we've seen good casinos/sportsbooks that later turned bad, also in some cases, the casinos/sportsbooks will not turn bad as such but a certain user will still fall victim of certain interests. One or two of what is causing that is when the player is doing so well with the establishment or trying to withdraw his money, which in most cases is big enough to make some less liquid casinos/sportsbooks greedy.

What am I saying? We should not use the advertisement here as a yardstick for an entire endorsement, there must be some factors of safety where thorough research by the person is needed.
72  Alternate cryptocurrencies / Altcoin Discussion / Re: Best Altcoins to invest right now on: June 18, 2024, 07:50:45 AM
In my opinion, the best altcoins to invest in currently include ETH, BNB, MATIC, SOLANA, and ADA because these 5 altcoins have the potential to produce satisfactory profits, especially in the current market conditions which are in a bullish phase. But all the decisions are up to you. My advice is to invest in altcoins that you believe in yourself because sometimes other people's choices may not necessarily match your wishes. Therefore, be wise in determining before making a decision.

what about NEAR and GLMR?
I haven't done a thorough dive into these two coins. So I can't comment anything about NEAR and GLMR yet. However, if you believe in the potential of these two coins, then there is no harm in investing some of your money in these two coins.
I know of NEAR but not GLMR and I have sizable amount of investment in NEAR as well since last year. I am happy to say despite the recent hullabaloo in the entire crypto market, NEAR is still doing well and I have multiple of my investment gains still holding up rightly well. This is what I call an investment and not what you will invest today and in the next few weeks or months, it would have threatened all your profits
 that were initially gained or would have forced you easily into losses. So, if you or anyone else wants to invest in an extra crypto project, NEAR is a very good one. This is especially true as it has retraced very well, it may start climbing back hugely over time, not to mention that a very good and well-known name is behind it (Near protocol).

But for GLMR which is unknown to me, I still went for some research and I discovered that the project is not also bad at all. Except that my fear for it is the way it sold off so much in recent weeks/months, this is scary. Regardless, this could be an opportunity for anyone to earn more money because the last time it had its dedicated bullish movements, it was so huge.

what is your bull market top target for Near?
Honestly, I don't have. I won't pretend I know it all like others since it is difficult to know what the market is saying, otherwise, I will be gambling. Nevertheless, what I can say is that NEAR is a very good coin with good prospects in the future, and judging by the old and recent performances, I believe it will still rise so well. Give or take, if the entire cryptocurrency market could still perform brilliantly well before the end of the H2 of 2025, it might still achieve over 5-7 of its current price of 4.8+.

It's also favourable for the buyers now since it has retraced sizably. I prefer buying it cheap now for it could soon start rising again if a viable support is reached or a true bullish reversal is activated.
73  Economy / Gambling discussion / Re: Betting law ignores technology and encourages clandestinity on: June 17, 2024, 08:04:43 PM
The new brazilian law that regulates online betting excludes the use of payments with cryptocurrencies, bank slips, cash or any alternative deposit payment method that could hinder the origin of resources and government fiscal control over the platforms and customers of the casino.

This could encourage clandestine betting on foreign platforms that accept crypto, outside the reach of national regulation.

The rules are exclusive to casino companies operating in Brazil. Therefore, casinos outside this territory will not be affected and Brazilian users who have accounts in these casinos abroad can continue using these platforms, as regulations cannot stop them.

Once again the brazilian government is going against innovation and proving to be stupid.
Stupidity could be truly fitting for what some governments of many nations are doing, but to what end? If not poverty, corruption, no regard for the rule of law, control of court, laggingness and worse. For this, it pains me with what is happening in those countries. That is what we all have to pay for selecting the wrong leaders for such sensitive positions.

However, the clandestinity relating to cryptocurrency did not just start today and crypto by most nature also naturally gives room to that, it is the government that needs to be up and doing in this regard. But instead for many countries of the world to beat the technology or catch up with it, they will either turn a blind eye, clamp down on it or underregulate if at all they want to regulate. This is wrong and with this approach, there is no way those operating online won't be cheating the government.

Now, cheating aside, there should be some rules that will make everyone accountable (casinos/sportsbooks and customers). But depositing using physical cash, cryptocurrency and other online alternatives without strict regulation like what the central banks do with banks, then they are only wasting their time. The governneet may only see what the casino/sportsbook wants them to see. And it gets worse elsewhere where the governmenet official will take bribe to look away. That is the world we live in.
74  Economy / Gambling discussion / Re: The real winning of gambling is withdrawals on: June 17, 2024, 09:15:27 AM
I know what you guys are talking about, been there, know people who had the same issues. That's why I always withdraw right after the session. If it's sports betting and I win, I withdraw, even if next week I decide to bet again and will have to send money again to the site, it's better than holding it there. If you leave it, you'll always have that thought in the back of your head, telling you that you have some money lying around, waiting for you to make a bet. You'll be wondering what if you went there and bet right now, it would only take a second since the money is already there Wink

If you want to be okay with yourself and everything, it's just as simple as A,B,C, just withdraw your winning funds and use it for something that you would be okay with and something that you would see with your eyes because after that short time of winning what you would get is something that might be shocking to you as you can simply lose back the whole funds to the casino again within the twinkle of eye.
I know it is difficult to side with the continuous keeping of one's money in the gambling account or waging it after winnings, this could cause some losses and it could be painful. But if I were anyone, I would remain fervent in my betting if it were to be on the sports games, it is on the casino betting that I have that reservation. This is because you will always rely mostly on luck in casino games and no matter how good you think you are, you might only realise that you were deceiving yourself when all the money is gone. This is more reason why I have resolved to have fun with casino betting and have a real business with sports betting.

Talking about sports betting, unless I do not trust the sportsbooks am using, there is nothing pursuing me to warrant withdrawing my money so fast. The money may be in the account for more than 6 months and I will continue utilizing it. The times I like to withdraw from my sports betting account are when I just feel like I want to have the taste of the money I have been gambling with for this long, or I want to deposit into a new gambling account, or I just have a need for money that I wanted to take from an extra purse which is passive rather than the main to avoiding feeling wasteful. This is the beauty of it, and with this approach alone, I do not have any pressure gambling at all. Thanks to extra income.

Regardless of my own approach, if your emotions cannot take it, please withdraw your money immediately after winning.
75  Economy / Gambling discussion / Re: Do you set a specific bankroll before gambling or not? on: June 17, 2024, 01:40:37 AM
"Bankroll" is usually a term used in sports betting. From what I've read in some of the threads here, we need to be disciplined in managing our bankroll, typically betting only 5% to 10% per wager. So I'm curious: do bettors here really set up a bankroll first before they start gambling, or do they just gamble whenever they have available money?

Please share your experience whether positive or negative and what you learn from it.
Although I don't speak for all, as always, in this forum as a community, you will always find the good, bad and ugly bettors, so the answers to expect will reflect the same.

Regardless, whether we are using percentages to measure it or wager randomly, what matters is for us to avoid gambling addiction and be so responsible in our finances. That said, my answer in this context is No and Yes, and I don't intend to change that any time soon. This is because it is not by using any percentage to judge it perfectly but for me to only gamble with a plan. And for me, my plan varies and this mainly depends on whether I am betting on sports or casinos.

Besides, insomuch the amount is affordable by me, I gamble it in a way that will not hurt me if I lose. I could be fixed or random about it but will ensure that I keep to a reasonable budget and management based on the plan I opted for at that time.
76  Economy / Gambling discussion / Re: Would you bet against the club you support? on: June 17, 2024, 01:21:15 AM
Pardon me if this post or something similar have been created before now. Well this post was inspired by a news from Football Tweet on  X concerning a Swansea City FC   employee who got sacked for betting on the club he works in to lose for about 130 times. It's so unfortunate he lost his jobs, Well some people were in his support and claimed it's not his fault for the club to keep losing and the man was only trying to make extra cash, while there were others who claimed it was betrayal and he should've supported the club as a true fan. Left for me, I feel he's not a fan of the club and just an employee and I'll do same if I were not a fan of the club I work for moreover the club kept losing and he seized the opportunity to make extra cash from their misfortune. Well I never betted against the club i support I'll rather bet on other matches. However this brings us back to the question, would you bet against the club you support ?
Betting against the club I support is the easiest thing for me to do and I will do it again. It's your choice to add sentiments to your gambling, but in real gambling, it is certainly not about sentiment, so you dissociate yourself from the love, bias, or affiliation whatsoever so that they will not cloud your judgment. The truth is that when it is "betting," you are actually committing your money to it, do you want to lose your money for sentiment/love's sake? That is the truth. For this, those who are taking betting seriously will never think twice about betting against their clubs when it is obvious that the opponent will win. This is unless you just want to lose deliberately which I do not see much wisdom him.

As for an employee as well, the same thing applies and I do not think it has anything to do with the work over there. I can be judged by my conscience only if I am being paid but not delivering what I was paying for. But so far I bet by using my money, our contract has nothing to do with betting on you or not, it is now my money. Well, in the end, if this guy sues the club for reinstatement or damages, I don't think the club will win because they do not have the solid ground to sack him under the law. It's his money so he can use it the way he wants and he is not responsible for the poor performance of the club which they refused to change for years.
77  Economy / Gambling discussion / Re: Which one of those did you partake in? on: June 17, 2024, 01:02:01 AM
I am beginning to think that the only time a gambler gambles for fun is only when he gambles with what he can afford to lose. In this case, a gambler has $10,000 as his savings, and he gambles with $1000 down, he or she won't feel sad when they lose it (it means they gambled for fun). But if a gambler who has the same $10,000 gambles for above $5,000, and he loses all of them, the gambler won't be happy about his actions, and it might result in chasing of losses (which means he didn't gamble for fun). It means that both those that say they aren't gambling for fun sometimes gamble for fun, mostly when they risk an amount they can afford to lose. The actual time you gamble for fun is when you risk what you can afford to lose and not when you say you want to gamble for fun. However, a gambler might say he will gamble for fun and still end up not gambling for fun when he starts gambling. One can know a responsible gambler if he starts gambling.
Truly, you may be hearing people saying they are gambling for fun, but in practice, only a few of them are actually doing it, others are merely lying. This is because they would say they were gambling for fun but their ways of gambling will not support that. This is why I do not believe all that I read unless there is an iota of truth through the construction of their claims.

For me, no one will gamble for fun and will be wagering so hugely, even your example of having $10,000 and gambling with $1,000 is too expensive, the risk is too much my friend and this can still ruin the fun. Just think about it, if someone has the $10,000 and risked the $1,000, if the person loses, don't you think he will try again to recover the money? We are humans. Through this, it may get worse to the point that he could try it 3 good times and lose the money.

This means that he would have gambled $3,000 with this risk. So it is still risky. The best way to gamble for fun is to have the $10,000 and wager between $5 and $10 per bet. By this, you are wagering with the amount that means nothing to you so it will never be able to ruin the fun.
78  Economy / Gambling discussion / Re: A lot of gambling sites are scams ! on: June 16, 2024, 08:41:24 PM
The only way to save yourself from scam.gambling sites is to use one that is popular with good reputation. I know it's good.to explore other options of casino but as they said, a bird at hand worth more than many in the bush, you will most likely get scam if you go to the some of these new casinos. There is also this bonus things they used to attract people but I don't get draw by such discounts. I will use my money to gamble and when I don't, I rest for that moment.

Another alternative way to avoid this casinos is to check their Twitter handles, when you see complaints a lot from people or when their account frequently get suspended, it's a red flag which must be treated with caution and when the winning stories are rampant and too good, it's another red flag to watch out for and should be treated with caution.
When anyone gambles with reputed sites the person who will deposit the fund may think as a scam though the fund may be locked due to the violation of the user. So, the user should be aware of the terms of the site and in this wa the user may enable withdrawal.                                                                                                                                                                                                                          
Thank goodness that you mentioned the violation of the terms and conditions. If this is truly the case, then the casino is exonerated here, but in most cases, when scam or cheating is mentioned, the casinos could deliberately do it. And if we are talking about the terms and conditions, you should know that it is only binding when the gambler signs up for such. However, when it is updated, there are extant rules that could bind the updated ones which include the receipt of the same by the gambler upon the update or the continued usage of their service.

But still, it's subject to the acknowledgement by the gambler that he has read the updated version, so it is not as automatic as you guys often thought. Only that many are not taking it up with casinos, which is why they continue to cheat them with some updated Ts&Cs without their knowledge, and anything that is not recognised by the law could technically be a scam.

For this, what you said is highly relative.
79  Economy / Trading Discussion / Re: Persevering Through Crypto Trading Losses on: June 16, 2024, 08:23:59 PM
Should quitting be an option as a crypto trader with years of experience who just encountered a massive loss because of a few shady characters? Anyone who has been trading long enough would agree that it changes your relationship with money. Trading helps you learn a lot about yourself, your emotions, and your patterns. If you have experienced trading loss in whatever form, do not be discouraged. Rather use it as a motivation to strengthen your resilience  by adapting to a new approach. You already know how it is with the crypto markets, one has to be persistent and allow our hard-earned experience guide us toward future success. I just thought to write this little piece for anyone out there who is going through a difficult time in crypto trading.
I love your encouragement and I've shared it many times and still sharing the same with challenged traders, but the truth is that if we share it from now till eternity, most traders, or should I call them most attempted traders will fail. It is good to motivate but to actually preserve the motivation into actualization is the issue. Trading is very risky and the market is cunning, so it is not something that fits the same approach all the time. This is why I advise people that they should be dynamic just the way the market is dynamic. Thinking you can use the same approach for the same result all the time may not always work.

I've been trading for 20 years (that's if the demo trading years are added), but I tell you, my brother, there are still scary moments in my trading till today. Although, overall, I am positive and I can vouch for a very high winning percentage, nevertheless, it is not on a platter of gold, how many people can withstand that?

I must also commend the psychological part you tried to motivate them upon, because the issue with it is the reason why many traders are losing. Most traders are busy focusing and trying to better their trading strategies but the issues may not lie there. The issue could be psychological, managerial or lack of proper coordination ( plan). If one or some of these are the case, no amount of strategy building will help such a trader. Above all, trading is so challenging, it requires huge preparedness, wisdom and smartness to overcome.
80  Economy / Gambling / Re: Need some betting advice and help with sportbet.one account setting up on: June 16, 2024, 02:59:02 PM
According to the gambling site, they indicated that they do not require KYC. But what I know is that the site is centralized and they can make their customers to get verified at anytime.

But also according to the site, that it is decentralized. We know that is a lie because the site is centralized.
That's good if they doesn't really ask KYC but i doubt it. Every casino i knew who offers sports betting ask KYC since it's one of the ways to identify those who are abusers and etc.
@Charles-Tim...hahaha, this is so funny, many are falling victim to what we see as little as this, and if the casino can't simply say the truth about being centralised or decentralised, how can anyone trust them with their money? I hope people can run for their money to avoid coming back later to cry foul. Seeing the site itself and how it operates shows it is centralised.

@PX-Z, I hope you are not falling so fast for their KYC exception, if you do, they might do you some film tricks. This is why I do tell people, to let the casino in which they will be relaxed with to be a no-KYC casino and not the one that doesn't preach it but states it only in the terms
and conditions. Little time, they will ask you for it if you are doing really well with them or you want to withdraw a sizable amount of money. Even no-KYC casinos may still later ask for it, we've seen instances like that not to talk of the ones like this.
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