If Pep Guardiola is still with Manchester City then it will be difficult for anyone to stop their run. Guardiola has proven his capacity as the world's best coach and he has been able to lift Manchester City's performance to win several titles in several consecutive seasons. Yes, maybe Arsenal will be a serious challenger and it seems like they are much better prepared than other competitors. However, I also hope that other teams will also be able to make breakthroughs and make the competition even more exciting.
You got to win the Premier League Competition with a slight mistake from Mikel Arteta and Arsenal. If that was a club like Manchester United or Chelsea, they'll never drop off that way and when you look at his side from last season, there's a huge decline, I don't need to go deep about this because people who watched Manchester United knows what I'm saying. You talk as if Pep Guardiola is one god or something. He was outclassed by Mikel Arteta in the first half of the season, Unai Emery, and even Erik Ten Hag during the FA Cup Competition Finals. Chelsea now has a good coach, we should be weary of them next season. I'm certain they'll be better, all they need be is for Chelsea to sign up a striker who can fetch them goals. They cannot rely on Nicholas Jackson for goals. He is much more better when he come from.thr wing. My prediction remains the same. Arsenal will definitely win the Premier League Competition next season. Of course it is not something that is impossible for Arsenal to achieve next season. We all saw how they do try their best by topping the league till the last minutes to the end of the season, they will give it up to City who is always close macking them to snatch it from them, and they do succeed. It has happened twice, and I believe that if Arsenal can be able to top the league to close to the ending of the season same way next season, they will definitely not miss it the third time, and it they do, then they are better off being the trophy guardian than the winner and it will be a big disappointment to me. |
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When a team succeeds in winning any trophy which happens to be a major one, it's expected of the team to do their best in other to retain that trophy again. I'm football, it's believed that it's easier to win a trophy than to retain it because after winning a trophy, every other opponents you'll face in your quest to retain it will definitely know more about the tactics that helped you win which in response will do anything possible to stop you from conquering again.
Since the 2017/2018 season, there has not been a team that is as capable as Real Madrid. No team has been able to return to winning the UCL in a row. Only Bayern Munich and Ajax in the year have been going on for a long time. Bayern Munich winning in 1974, 1975, 1976 and Ajax winning in 1971, 1972, 1973. Of course, with the arrival of stars like Mbappe and Endrick, I think Ancelotti is trying to defend the UCL Title. With a good financial condition, Madrid has a great opportunity to build a stronger team for next season. When there is money, the club will become successful and that is what Real Madrid is using to oppress other European clubs, because they can buy any player that they want without a problem which is an additional advantage. Unlike Barcelona that is currently facing some financial challenges and cannot sign a new player to add to the team. The probability of Real Madrid winning the defending the title next season is very high due to Mbappe and Endrick who are now in the club to strengthen and close whatever loop hole the club has. Ancelotti will be happy to continue winning UCL till he retires from Real Madrid. |
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Yeah on this one I agree, De Rossi made a slight improvement being the main coach but he couldn't do more because he couldn't freely bring in players due to financial constraints, if AS Roma can prepare a budget, maybe they can compete in the standings next season. So far AS Roma has only brought in one player from Leipzig with a transfer fee 5 million while 5 other players arrived after the loan period ended. Lukaku has also returned to Chelsea, meaning they need another player to replace Lukaku but so far we have not heard any news about AS Roma plans to bring in new players, maybe Roma just relies on existing players? because they still have 3 players in the attack line.
I agree that De Rossi could not improve AS Roma much because he did not have enough money. He made little progress but it is worrying that they have not signed many new players. Team might not be good enough to compete with best teams just with their current players. AS Roma needs to buy new players to do well in next season. Now that Lukaku has gone back to Chelsea they really need to sign someone new. Let's hope they announce some new signings soon to make their team stronger and compete better. Until then it is hard to see them doing very well. That was the problem Roma was having since last season, the need of new players and that issue was covered under the rug because they thought that replacing Mourinho is the best option, thinking that he does not know what he is doing anymore. De Rossi came in and the problem is still lying there. If Roma fails to buy players to support De Rossi, they will have a poor result next season and the management will still go ahead and sack De Rossi while the problem is still lying there. Is it that they don't have the money to buy players but only to buy coaches or what. Roma needs to wake up and do the needful if the have winning the trophy in mind next season. |
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It seems that Southgate decided to stick to his plan to score first and then play cautiously, defensively, but now I think his plan started to fail, because for the first time Serbia started to have some moments that can be called at least a little dangerous. Of course, I want England to play attacking soccer, but for Southgate the result is probably more important than a beautiful game.
Nevertheless, Serbia still have chances, because one goal can always be scored, but if England score the second goal, they will probably win the match with 99% probability.
It finally worked for him as England played more of defensive game in the second half, and it didn't tell good on them. If not for their goalkeeper Jordan Pickford that saved their ass and denied Serbia some chances of scoring. Serbia took over the second half and pressured England till the end of the match but they were unlucky and could not find the back of the net throughout 94 minutes. Bellingham only goal in the first have made a difference and gave England their first win in this competition. I never expected that England will not be able to score any goal in the second half. |
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I don't think that this is something gamblers in Brazil should be worried about especially those that are gambling with cryptocurrency. They can gamble in casinos outside Brazil that is accepting cryptocurrency at enjoy the fun.
It is the government of Brazil that will lose because they will not be able to get tax from people gambling outside Brazil in cryptocurrency casinos. I read that already casinos that cannog comply are leaving the country and they have added USDT to their payment option.
Monitoring the citizens that are gambling is too bad because it is none of the government concern.
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Thanks for giving me this opportunity, I will make it before the deadline.
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Hi,
I saw someone talking about dirty BTC/USDT, is this real or a scam? Where can buy or exchange it?
There is nothing like dirty BTC, it is called tainted coins and that name is given to it by the government. The reason why the government calls it tainted BTC is because it was seized by the government from people who are into illicit activities. Any bitcoin that is seized from criminals, the government will use that word tainted coin. The fact is that there is no coin that is tainted, bitcoin is bitcoin, because those same tainted coins, government do sell them in auction to investors who are ready to buy it, at that time the government will say that it is a clean coin. Meaning it is the government that is just using that word tainted. I see that this your first post. Welcome to the forum. |
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Spain are leading the game with two goals, scored within five minutes, and knowing this Spain team, I say that Croatia surely has no way back from this because Spain will push to score more goals as they usually do. Spain team are showing lots of vibrancy with the young, hungry and experienced players that they have mixed in their team. This points will be important for Spain because they have Italy in their group, and even Croatia who are loosing currently cannot still be ruled out. Croatia and Italy remain a strong threat to Spain's plan to qualify past this stage.
Croatia clearly had no way out after falling behind, especially since Spain added to their number of goals scored by Dani Carvajal. Because of this, we can confirm that the first 3 points in group B belong to Spain. Maybe Croatia could have scored their first or second goal in the second half, but that would be meaningless because Spain would definitely play defensively in the second half. Carvajal scored the third goal for Spain on the last minute of the extra time to seal up the first half. Yesterday Germany ended the first half with 3-0 in and scored to total of 5 goals in Group A. Maybe Spain will do the same in Group B today. Croatia is a big team and I did not expect to see this intimidation on them from Spain. I hope that Croatia will be able to put themselves together in the second half, but I don't think that they will be able to equalize all three goals. Spain will not defend in the second half rather they will attack like the first half. |
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I will suggest that if a person is merely buying anywhere between $10 per week/month and $100 per week/month is likely going to need way more than 10 years in order to get to a status of having had accumulated a sufficient amount of bitcoin. Perhaps such a person will need 20-30 years or more to really get to a decent place with his/her bitcoin stash.
For sure, each of us has differing expectations in regards to how much income that we might need to be able to live comfortably, whether we use bitcoin proceeds to completely replace any income that we have or to supplement income that we might have from other sources.
Bitcoin accumulation have to do with left over cash flow and at that not having sufficient steady monthly or weekly set aside founds let say $10 or even $20 which is way too much time to come up with a significant amount of bitcoin starsh, but then just as you said, sometimes we come across unexpected huge sum and if we are able to put all down on bitcoin it could cover up for a long period of time and a journey that surpose to take 10 years to 20 years could come much faster and easier. Yeah it all boils down to the point @JayJuanGee made that when a person or an investor is accumulating Bitcoin using $10 or $20 on weekly basis or even $100 monthly that the investor may not actually have a sufficient amount of Bitcoin within a little number of years but that however the investors will need to least give themselves 20 to 30 years before achieving a good amount of Bitcoin, and that's actually true because irrespective of how consistent people are on there Bitcoin accumulation using the normal DCA method they would need to give themselves more longer years to be able to have the sufficient amount of Bitcoin they need. However if perhaps on the process and you feel that you have more money to invest you could adjust your accumulation amount to facilitate it a bit. Yes this will usually be the best strategy for a poor holder, as not everyone may be in favor of investing with accumulated money. So that person can regularly participate in bitcoin investment with small amount of money which is the best strategy for him. You notice that investing in the DCA method is much more likely to be a maximum long-term investment, because the price of Bitcoin is not always dumping and not always pumping. Therefore employing DCA method is maximum perfect according to the Bitcoin price, and it controls the average price. The DCA strategy was not designed for poor investors; both the rich and the poor can use this strategy to accumulate bitcoin if they want to. Every investor accumulates bitcoin with the DCA strategy for different reasons, but one of the main reasons that attracts people to use the DCA strategy to accumulate bitcoin is that it will control their emotions. With the DCA strategy, you will never want to wait for the bitcoin price to drop before you can accumulate a stash. You will accumulate bitcoin anytime your money is readily available, even though bitcoin is high, because you know if there is a dip, the DCA strategy will still allow you to accumulate bitcoin. The DCA method also gives you the opportunity to buy bitcoin and grow your investment gradually, because you will be buying always weekly or monthly. Before you know it you will have accumulated a good amount of bitcoin within 4-10 years time and above, based on how much that you are using to buy from your discretionary maybe at $10, $30 $100 and above. You will be buying with ease and you will not feel it, only what you need is discipline and sacrifice in order for you to reach your bitcoin target. DCA strategy is good for new beginner and low coiner to use in accumulating bitcoin since the plan is to just keep on buying without stopping for a very long time so that they can be able to cover up their lateness to bitcoin, because they still have a very long way to go in their bitcoin accumulation journey before the price of bitcoin goes very high. |
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Truly in every investment general there is always a need for other means of savings which could be known as emergency funds or reserve funds, although they are both two different things but sometimes can be substitute for each other, so actually in terms of Bitcoin investment emergency funds plays a very vital role because is actually one of the determining factor of your investment success because if there is an emergency funds there is no way any unforseen need will stand as a barrier on your investment because you already have other funds that will take care of those needs. Actually this has been one of the challenges most investors are facing because they always get overwhelmed by there investment and forgetting the things that should be put in place in other for there investment to stay strong such as the emergency funds.
Emergency fund is very important when it comes to saving. Emergency funds help you stretch your savings seamlessly. It is very important to create a fund to save for investing in Bitcoin, so that you can use it in times of danger or emergency and your savings do not suffer any loss. You can divide your income into 4 parts.You can use one part for your family, second part for yourself, third part for your emergency fund and fourth part for investments. This method may help you maximize your savings. Emergency fund is not recommended for investing in bitcoin but no bad to use it because put emergency fund in bitcoin have potential in the future price keep increasing than hold in pocket only, not really difficult for withdrawing emergency fund when saving in Bitcoin due put or hold in exchange wallet and when emergency happening to us we can sell and withdraw to bank account without take 10 minutes. No one can't predicting when happening with something urgent for us and my opinion better put emergency fund in bitcoin investment and seems the same when have parent hold or save their money allocated for children education. Hold in the bank can make it double although we start investing when our children under two or three years and take at seven or ten years later. Its very important allocated our fund for children cost but effective when saving or put in Bitcoin. It is wrong to put your emergency funds in bitcoin and it is a bad idea. Emergency funds should be in cash and not in bitcoin. The reason is because if you put your emergency funds in bitcoin, and an emergency occurs when bitcoin price is in the dip, you will run at loss when withdrawing your funds from bitcoin totake care of that emergency. What if the emergency is the actual amount of funds that you have saved for up as your emergency funds. It means that when such emergency occur, and your funds is in bitcoin, you will sell at loss and also sell part of your bitcoin to balance up the loss due to dip in price at the moment when that emergency occurred. This is why it is not wise to keep your emergency funds in bitcoin but fiat. For easy access and it is stable. People that can keep their emergency funds in bitcoin are those investors that have accumulated more than enough Bitcoin or feel that they have enough Bitcoin, because they have reached their bitcoin target and if they sell, they will not run at loss either during the dip or when bitcoin price is high. Part of their bitcoin can serve as an emergency funds for them. Emergency funds, reserve funds and float should be in fiat. |
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It is not advisable to memorize your seed phrase because there is a high probability that you will forget it. This is because seed phrase is not what you use often but only to recovery a wallet whose password has been forget or don't have the wallet app on their device or computer anymore.
People easily forget their password that they use to login to their accounts every day, talk more of memorizing your seed phrase. It is not good, human thinks a lot and will be faced with stress that might make the brain not remember much.
This is why when you are creating a new wallet you will be advised to write down your seed phrase on a piece of paper and put the words accurately before your wallet will be created. Paper or steel back up is safer.
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[edited out]
I disagree with your statement because those investors who are accumulating bitcoin with the DCA strategy and also buying the dip will always accumulate more bitcoin than the investors who are only using the DCA strategy to accumulate bitcoin. Just because they are waiting for the dip doesn't mean they will stop accumulating bitcoin with the DCA strategy; they will continue to accumulate bitcoin with the DCA strategy. They have already kept the money to use to buy the dip; they are just waiting for the dip to happen so they can buy bitcoin at a low price. You only advantage from holding money aside to buy the dip if the BTC price actually dips. So how could you always advantage from buying the dip if the BTC price does not end up dipping? Sure in the end, guys can do whatever they like in terms of figuring out the extent they might be advantaged by holding some money aside to buy dips or just to buy BTC regularly no matter the price. This idea of waiting for the dip can really destroy your months or years of investment plan. Let take for example you have been saving for months or years waiting patiently for a dip to occur so you can accumulate Bitcoin and it took months or years before a dip happens and within that time of waiting with already kept funds in your Bank account you used it with the hope of replacing before the dip happens and to your greatest surprise it happened when the money is not yet replaced this will really frustrate you and I don't think you will be willing to continue. And again waiting for a dip can make you lose interest on Bitcoin investment because it might take a long time before it happens. The problem is what if the dip did not come, it means that you will not invest in bitcoin, and tomorrow they will be regretting that they had the opportunity to invest but they did not. Those that are waiting for the dip as new investors are not ready to invest and I see it that they are only procrastinating. The reason why I said so is that, even when the dip comes they will not and will say that the price will dip the more since it could dip to the price they are seeing. Missing out a lot of buying opportunities that they should ha e used to invest. DCA is very effective because you will also buy incase the dips comes and that is why it is good to use it when you are in your bitcoin accumulation phase, as long as you keep up with your regular buying weekly or monthly over a long period of time, your bitcoin size will keep on increasing. I get your point and you are also right, but what I was trying to drive at was that waiting for dip before investing is a wrong approach what if the dip never happens you just waited in vain and what if it happens but didn't go that dip so we should consider all this and for those who wants to hodl for long term there's no point waiting for the dip before investing.
The best is using the DCA method and keep accumulating whether or not is in dip or is not, one should not focus only on the dip when it comes to bitcoin investment.
Investing in Bitcoin is a very unique thing and what needs to be underlined here is that it has nothing to do with market prices where someone can immediately buy Bitcoin without wasting more time waiting for the price to fall. Because as long as the investment made is to hold Bitcoin in the long term by buying without any intention of selling again in the near future, I think this can be done immediately without having to wait for something else to happen, such as the price reduction option in the market. Then why are there many people who are still waiting for the price of Bitcoin to fall by not buying before it happens? Well, in this case you also need to understand that they are not investors who want to invest in Bitcoin, but rather traders who are taking advantage of Bitcoin price conditions to achieve short-term profits. And there is no guarantee for them to keep Bitcoin in their wallets for a long period of time because their focus is not to keep Bitcoin for the long term but only to seek immediate profits after the price experiences a correction in the market. Not only traders that time the dip, but also investors who have reached 50% of their bitcoin portfolio and above can use buying at the dip method. In such case they time the dip and buy with a lump sum to their portfolio. This is because if they use little amount to DCA, it might not have a significant effect on their bitcoin portfolio, since they already have a good size of bitcoin, waiting will not be a waste of time for them. This is why your bitcoin size and how much bitcoin you want and the time frame is what you look at before choosing the strategy that will best work for you. The most important thing is how you can accumulate bitcoin faster and reach your bitcoin target successfully. |
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The privacy is bitcoin is becoming thinner and thinner because the government is trying every means possible to see how they can centralized bitcoin when it is decentralized by killing the services that promotes the decentralized nature of bitcoin.
Another thing is that people are seeing bitcoin more as an investment that will give them good profits overtime, and they don't care about the purpose of bitcoin creation which is freedom from government and third-party, but instead they are keeping their bitcoin in centralized platform s like exchanges and ETFs.
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Seeing gambling as a place to make money is a wrong concept. Gambling should be done for fun and if along the line, you made profit it makes it more funkie. I know some gamblers that have won huge amount of money but most of them misused the money and if you see them now, it is like they haven't seen such huge funds that they won in their lives. It is all gone back to gambling, because they want to win again.
When you are not contented with your wins, it will be taken back from you, if you don't quit the game and need more wins. People that benefit from gambling are discipline gamblers who believes that it was through lunch that made them hit it big. They will invest the money into a business to continue increasing the money.
More precisely, gambling is a place to make money for people who have a special collaboration with the casino as promoters, influencers and streamers who have agreed on paper to carry out their duties and benefit each other. But for ordinary gamblers it is better not to use gambling as a place to make money, because no matter how you fight against the house, you will still lose. Therefore the principle of gambling as just entertainment emerged, which is specifically for ordinary gamblers who must be able to manage their finances so as not to overdo it in casinos. However, these two differences cannot be separated from each other because every gambler still has his own goal when entering a casino. It is sad to say that we are following these influencers in the belief that they are really earning money. In fact, on social media, we see a lot of them showing their money from gambling and we are too curious about how it works and we tried I know but unfortunately, we become a victim of wrong beliefs and trust. We'd probably know that we can hardly make money from gambling but because we live with hopes that someday we hit the jackpot prize and become an instant millionaire that is why we continue losing. Maybe we are too dumb not to think about this but we choose this life of being a gambler. It is not a place to make money but we are doing this for some reason even if we lose yet a reason that is not accepted by most. That hope and believe of hitting the jackpot someday is what a gambler is always looking up to and that is why they gamble without looking back and think if it is possible to hit the jackpot. Whoever have it in his mind that hitting the jackpot is impossible and can only come if you are destiny to hit it big from gambling. Apart from that, you will keep losing and winning little amount of money. Those influencers are only deceiving people into gamblers for the casino that they are advertising, because the casino knows that the more people using their casino, the more money they will make. Gambling is not a place to make money as a gambler. |
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I live in a third world country and the price of petrol products and other commodities are 3x that of last year, and I don't think that price will come down anytime soon. Cost of living is fucking expensive now.
Inflation is very high down here which has affected every sector of the market. Getting the money is also another problem because minimum wage has not being increased and people who are earning salaries are really suffering because their monthly salary can no longer take care of their needs. I have a neighbor that quit is job, because of high transportation fee. After he did his calculations and saw that transportation will consume 90% of his salary.
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Hansi Flick must currently feel a bit light with the tasks given by Barcelona management, but we have to know that Barcelona management will definitely put very high pressure on Hansi Flick. just like they did to Xavi when he was still coach of Barcelona. The strategy that Hansi Flick will use is still very much a secret and maybe we will only find out during the La Liga matches next season.
I don't think it's too easy because management will definitely demand that Handy Flick provide the best results for Barcelona. With financial conditions that are not yet very stable and using the strengths of existing players, it will make it difficult for him to compete with rivals. Moreover, currently Real Madrid has extraordinary strength with the arrival of Mbappe into the squad next season. Handy Flick's task of bringing Barcelona to the pinnacle of glory is not easy because now there are many other teams who are building strength for next season. Yes, that is the wish of every managements seeing their team winning and it is the responsibility of the manager to provide a good result for the management to see and confirm that they have potential manager, who can take the team to her next level which is what Barcelona managements are expecting from their manager next season. I don't think, Barcelona performance in this season is poor, because they tried their best to make sure they corrected the errors that occurred in the half of the tournament to became second position at the end of the la Liga league tournament, and it make many people to believed that Barcelona will perform better next season. I think, Barcelona will going to prepare well like Real Madrid, if their managements can allow the manager to bring in new players that can strengthen the team to make sure what happened last season that made Barcelona to win the title happen next season. I wouldn't say that Barcelona's performance was good last season. Only Barcelona and Real Madrid compete for the La Liga title. Other groups lag far behind these two groups. However, Girona's excellent performance last season surprised us all. However, Barcelona need a stronger squad if they want to dominate La Liga next season. Currently, if you compare the teams between Madrid and Barca, Barcelona will be far behind. I look forward to seeing what steps Flick takes to strengthen this team. Hansi Flick is a very experienced coach. Barcelona were more at the middle, not too good performance but also not bad for a team with young players who are still in the beginning of building their carrier except for Lewandowski who already knows more about the game. Barcelona players needs a lot of game time to be able to understand the game better, this coming season might be something different to watch. Last season there was no competition for the La Liga, checking the points difference between Madrid and Barcelona is too wide, which makes Barcelona performance look poor. Real Madrid took advantage of the league in the beginning of last season and they kept on winning their matches which was what helped to widening the point gap. Barcelona had difficulties when the player was injured and that affected their performance. However, Barcelona was not as strong as they use to be, because they have so much young players who lack much experience when the game is tensed. PSG won them in UCL, because the young players have not faced such pressure on a big match like that with one man down. Only Lewnadoski was the player that was playing with confidence, while the rest where playing with panic. Next season should be a season for Barcelona to win a trophy to give them more hope that Real Madrid is not dominating the league alone. |
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Ronaldo has already confirmed that he will play in the 2026 World Cup but Lionel Messi has not made any decision on whether he will play for the national team in the next World Cup. Ronaldo and Lionel Messi are definitely two of the most mature players but the way they are connected to football and the way they have maintained their fitness, I don't think the 26 World Cup will be difficult for them.
We have accepted that they will retire in the 2022 World Cup so if we see them in the 2026 World Cup it will be a bonus World Cup tournament for us. As a football lover, I would definitely like Messi and Ronaldo to play the World Cup together again.
Previously, we all thought that Ronaldo had really retired from defending Portugal, but it seems that he still feels able to play the last World Cup with Portugal and of course staying at Al Nassr this season is nothing but one of the ways for Ronaldo to be able to maintain his playing performance ahead of the 2026 World Cup starting later, so far Portugal still gives great confidence in Ronaldo and several other senior players, So indeed we will see the Portuguese squad will be filled with a combination of young and old players later, Messi has previously said that the 2022 World Cup will be the last World Cup for him, but reportedly he also does not rule out the possibility of playing in the 2026 World Cup if indeed his physique and stamina are still very supportive to defend Argentina later. Ronaldo and Messi are two of the best players in the world and they continue to compete to prove who is the best between them, the 2026 world cup of course we want to see the rivalry between the two players happen again and wouldn't it be interesting if later Portugal and Argentina might be able to meet in the final, so it will also be the final of the rivalry between the two before they really decide to retire from football?. Cristiano Ronaldo is a legendary player and has achieved a lot of personal achievements in his accomplished career, but apart from winning only one Euro title for his country, he has no notable achievements. As the player he is, it is natural to expect him to have a World Cup trophy next to his name and his countrymen to remember him forever for the World Cup trophy. He started the last World Cup with high expectations but did not finish well. Maybe that's why he decided to play for another World Cup team. It's not that he's unfit, he's fit enough to play and he's been performing well regularly in the Saudi league so the team will definitely give him another chance if he wants to. However, if you want to do something good in the 26th World Cup, every player must play with a lot of responsibility and do well only then this star can make the 2026 World Cup memorable A single player ot two players cannot win the world cup when there are countries with strong players in their first eleven and their bench. The problem of Ronaldo unable to win the world cup is because of the country he is from. They don't have the players that it takes to join force with Ronaldo in order for Portugal to win the world cup. It was in the last world cup that Messi was able to break the curse after playing in several world cup, and he didn't do it all alone. France also have great players, if Portugal players have improved their performance and take the world cup competition a do or die affair, maybe they can win it next season. I doubt if such thing will happen. |
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qI agree with you that buying at the dip should be done with some unexpected funds that comes our way which we don't have plan for, and whether they come or not, our regular DCA continues. What I do is that whenever, I am given a bonus at work or traveling allowance, training allowance, or some incentives for motivation at work. I keep such funds without touching it so that if it happens that bitcoin price dips, I can take advantage of the dip and buy more. And if it happens that I don't have any extra funds apart from my monthly income, my regular DCA is what I do and focus on more weekly When it come to accumulation of Bitcoin, we should always keep our DCAing constant irrespective of the market conditions. Expecially those of us that can't afford to purchase large quantities of bitcoin. Because if one have the mindset of always waiting for the dip before accumulating he or she will only endup missing out or having small quantities of bitcoin in their portfolio. That's why is better to save some funds (which is known as reserve funds) in case any dip occurs one can purchase the dip with the use of reserved funds, and he or she can choose to spread it out or go all in with the reserve funds like lump-sum purchases. And there are investors who made buying at the dip as there Bitcoin accumulation strategy and what if the market did not dip will they keep waiting? It will be better they use the DCA strategy and also buying the dip strategy together so that the DCA strategy can help them accumulate more Bitcoin at different price level weekly or monthly and also buy when the market is at dip with the help of their reserve fund. But if the investor is still a low coiner the buying dip strategy alone won't be a good Bitcoin accumulating strategy. There may be absolutely no need for a brand new investor, and maybe someone in their first few years of buying/acumulating bitcoin to employ buying the dip strategies rather than sticking with straight-forward and regular DCA (which may well not even be sticking with any particular amount of BTC, but instead figuring out how much BTC to buy each week from the amount of disposable income that he has for that particular week, whether that is $100 or $10 or some other amount). Yet of course, there might be some psychological reasons to hold some money aside for buying the dip, but it may or may not end up paying off because we cannot rely on dips actually happening or even happening to such an extent that it is even going to make much of a meaningful difference in a person's bitcoin journey, especially if the person might be new to investing and ONLY investing around 10% of his/her income so it could take a whole 10 years to have 1 years of income invested into bitcoin.. so it is difficult to understand and/or appreciate what value might have had come from buying the dip rather than just buying regularly and not changing behaviors based on factors that might be difficult to measure the extent to which there might have been any kind of advantage to straight-forward DCA. You are correct me as a newbie I don't think about the dip at all I just keep investing using the DCA method, one thing about waiting for the dip as a newbie is that it will delay you and you may even wait and there will be no dip so is better one start investing and forget about the dip. All newbie should always choose a long term investment when it comes to bitcoin investment that way you won't bother about the dip, one thing I discovered recently is that those who use the DCA method in accumulating Bitcoin but still wait for the dip usually don't accumulate as many as those who is using the DCA method of accumulation and don't think about the dip. Thinking about the dip will always slow your investment so is better you forget about it and focus on accumulating as many Bitcoin as you can because procrastinating about something you don't even know will happen in the next 2 years is very wrong it will always slow you down if we all have the mindset that there's nothing like dip in Bitcoin you will see how far we will all go this mindset of dip is really drawing a lot of people back especially newbies. You are contradicting yourself and you don't fully understand what it means by DCA and buying at the dip. The reality is that any investor that is accumulating bitcoin using DCA method to buy regularly weekly or monthly non stop, and he has built his emergency funds for 3-6 months and also have reserve funds, can also include buying at the dip to his budget should incase bitcoin price dips, but that does not mean that he is waiting for the price of bitcoin to dip before he buys, but he buys always with DCA. DCA means using an amount maybe $10, $50, $100 or from your discretionary income based on your own case to buy bitcoin regularly weekly or monthly without skipping any one for 4-10 years. While buying at the dip is when an investor keeps his money in fiat and everyday, he is busy watching the chart and bitcoin price hoping to see a dip for him to be able to buy. The annoying thing with these set of investors who do not have enough Bitcoin and is waiting for the dip, always have their own price in which the want bitcoin to fall to be they will buy. So e of them will end up waiting till infinity without buying one Satoshi. So there is nothing bad there if in your bitcoin journey, after two years or three when you have confidence in bitcoin and you have understand your cash inflow, which may/not have increased, you plan for the DOWNity and UPity of bitcoin price. However, a new beginner like you chiomaobi should only focus on using the DCA method to accumulate bitcoin in a long-term 4-10 years and above. Also don't forget that your emergency funds is very important for you to be able to keep accumulating more bitcoin weekly or monthly and hodli for long, if not you might sell of when it is not the right time due to unexpected emergency. |
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[edited out].
Basically, converting digital tokens to digital assets can sometimes be considered in the sense that there are assets that are more valuable than others so you can decide to sell less valuable assets to buy Bitcoin when those assets starts depreciating in value but let it not be assets that are still generating good money for you. Surely I was not attempting to differentiate between various kinds of digital assets and digital tokens, since I was only referring to bitcoin and otherwise referring to various productive and/or non productive assets and/or currencies. When you get into talking about various digital assets it sounds to me that you are talking about shitcoins as a way to potentially diversify, and surely I was not talking or even hinting at any of that kind of discussion, since your earlier post did not seem to do that either. The only digital asset/token that I was referring to was bitcoin... and maybe the dollar might be digital in some cases... but much of what you had initiated your post with was talking about some kinds of physical assets that might be used for generating income, such as equipment... and so there can be assessments about those physical assets and the extent to which they hold their value and how much inputs they might require to generate income.. and then also if they depreciate in value, hold their value or potentially appreciate in value. I quite understand your point and I apologize if i sounded contradictory but you can agree with me that Bitcoin is also a digital asset and when am talking about digital assets it my post am referring to Bitcoin precisely and I don't mean that anyone who is into Bitcoin should diversify into other projects that are of less value than Bitcoin so if anyone who is a Bitcoin investor ventures into diversifying into something that is of less value when compared with Bitcoin then such person might be considered to be mentally ill. Just like what I said initially about leasing office equipments and I said that such equipments can generate income that can be used to fund one's investment in Bitcoin instead of selling them off so that is just the form of diversification am talking about and not some shit coins or shit projects other than Bitcoin. If you check in the area I highlighted, the more valuable assets I was referring to was Bitcoin and not any fucking shitcoins, even if I sound contradictory over there perhaps my explanation here can convince you about the mode of diversification am talking about. You should try and be specific with the word bitcoin instead of saying digital asset, because it can mislead new beginners who are here to learn from this thread. As you can see nobody will understand you that you mean bitcoin and that was JJG could not understand that you are talking about bitcoin. The word bitcoin is short and easy to type than the word digital assest, because we have various type of digital assest and majority of them are shitcoins. You are an old member of this thread and you should have come across several times that JJG has being correcting whoever wants to call bitcoin and call it cryptocurrency. |
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I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
It depends how you look at it really and there is a pretty huge spectrum to cover. Those who have little money will either be a problem gambler spending all their spare funds or someone that is just doing it for a bit of social fun, not expecting a big win realistically - just hopeful. The same goes for the rich, who can get caught up in the same psychological and addictive behaviors, they just have a much longer trajectory until they fail. Sometimes it doesn't even take long for the rich to become poor as they are liable to just drop down bigger number bets than others. Gambling when you have little money is going to make you even more depressed when it inevitably fails. Some people gamble for fun and some for money be it a rich or poor man. It is true that most gamblers don't gamble because they want to have fun and entertain themselves with it, but they gamble because they believe that it is possible for them to make profit from it. These set of gamblers will become addicted and might loss all they have to gambling if they don't quit early, either rich or poor. Gamblers that use gambling for pressure are few and these are the set of gamblers that are enjoying gambling because they don't chase their losses and they always know when to stop the game. This is why it is not because of insufficient funds that is making a poor man to gamble. Your are poor those not mean that you are not happy and cannot have fun. |
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