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601  Economy / Gambling discussion / Re: Sometimes just flex it ( luck is all you need) on: October 09, 2023, 07:41:39 AM
The sad truth about this whole gambling stuff for me well I don't know for other but with the little experience I have gotten is that no one can be too certain and can be too safe or cautious when it comes to gambling and this is proven here in a betslip I won recently that just got me thinking of how i never even intended to forecast the odds or whatsoever, I just actually just FLEXED IT and the game came through for me which was fun because I played it for fun.

So sometimes don't think just flex it and let luck do it part friends.

That's a nice return, congratulations. But do you really think that flexing it made the bet come true? I am not really superstitious and don't believe in the higher calling of things. Which doesn't mean that I can prove such things don't exist. There are many people out there that believe to have lucky numbers or have special rituals to make them more lucky. If it makes you feel better and you think it improves your luck then keep doing it. For me as a stranger it's always hard what to make of seeing these betting slips, on one side I am happy for everybody that makes good predictions and wins, but on the other side I don't know how many tries the person needed to win. It could be that someone shows the best possible return slip, but lost his previous 20 bets. That's why I don't feel jealous when seeing betting slips, and I also don't think it's wrong for people to show it. As long someone feels good about showing his bets online then go for it. It's like Drake sharing his bets on Twitter, that's what social media is for, to share things with friends and family.
602  Economy / Gambling discussion / Re: Flip or Trade? What’s The Bigger Gamble? on: October 09, 2023, 07:16:40 AM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

It depends a bit how we define day trading, do you really buy and sell coins for 8 hours a day, or do we just a buy a few coins per week when the prices are right? A coin is one time event, we either win or lose with 50/50, but if we keep doing the same flip over and over again the chances are high that we will go broke. Nobody can always be right in a coin flip for a long period of time. In case we only do the flip with small amounts then our expected profit is 0, because we should have the same amount of wins as losses. In trading it's different, we don't know instantly if we won or lost money. It could take month for a coin to turn into a real profit and we always have our investment until we sell it. That's why I would say trading is less risky, nobody forces us to sell below our purchase price. We could always hold out and wait for the prices to recover again.
603  Economy / Gambling discussion / Re: They know the truth but they don't want to accept it, publicly on: October 09, 2023, 07:10:48 AM
Will you still participate if money is not involved? Many people will easily quit if all casinos are to be turned into no-money games, isn't it?

Money is still the real reasons why we gamble, been addicted or not, mutual greed or not, all gambling is done to make more money or get some form of reward in the end.


That's an interesting, I think that a majority of gamblers like the aspect that real money is involved and that they have the chance to make a big profit from it. In case the casinos would offer only games with paymoney I think the play numbers would drop quickly. For me personally it wouldn't be such a big change, because I like to play all kinds of games for many years. Shooters and strategy games I have been playing for 15 years and gambling is part of those games to. Opening loot boxes and taking part in skin raffles is another form of gambling I enjoy, same goes for playing poker or black jack. If both those games would only be playable without real money I would still keep playing them. The games are fun and money is only part of the excitement, not the main focus. Gambling with the sole purpose of making money doesn't work out in the long run, it's better to have different motivations behind our hobbies.
604  Bitcoin / Bitcoin Discussion / Re: Stop discouraging Newbies from Bitcoin... on: October 08, 2023, 06:08:06 PM
Why is it that everytime a newbie shows his or her interest in trading Bitcoin, some people will always try to discourage the newbie?  You see them saying things like “Bitcoin trading is not for newbies”


Really? Somehow I must have missed all those comments by forum members. My experience on bitcointalk is that more experienced users are usually open to help beginners and will invest their own time to guide them in the right direction. So far I haven't noticed that forum members want to prevent beginners from trading. At least for my own recommendations I always encourage beginners to make up their own mind and give trading a chance. But I also recommend to be cautious with your investment decisions, without any previous experience I don't recommend to go into futures trading or take out loans to buy more coins. The most common recommendation here on the forum is to only use money for trading that you can afford to lose. Everybody who is interested in crypto currency trading should give it a try, just don't use all your money at once and think you will become rich overnight.
605  Economy / Trading Discussion / Re: How long to learn trading? on: October 08, 2023, 12:54:33 PM
I spoke to a tutor who teaches trading, and he said for his lectures, he teaches for an extended period of nine months for anyone who wants to learn trading from him. Please I like to read the personal experience of some traders here, how long did it take you to learn to trade profitably, and what was the hardest thing to learn? did it take you weeks, months or years? Do you think that trading can be learnt well in a short time like three weeks for a quick trader? Can someone who is a proffesional trader just go straight to the point pointing out what is needed to make a successful trader to a newbie to learn quickly?

It's good that you are trying to learn more about trading with a tutor or course. There are many experienced traders out there that are willing to to teach beginners their knowledge. It's hard to give a fixed amount of time that one person needs to become a trader. There are people who have prior knowledge and will pick it up in a few weeks, while others may need several month. It also comes down to how much time you can invest every week. One tip I would give any beginner is to run a demo trading account at the side and not invest a lot of money on these trades directly. Chance based investing is fine if we don't have any idea or don't have the time to make our own research. But I would prefer to buy a larger number of coins than just 1 or 2 per week, the more we spread our money out the lower will be our risk of losing a lot of money. With stocks we could just buy ETFs to diversify our money, in the crypto world we would need to build our own portfolio. The main trading idea is that we still want to hold general crypto market exposure, but not face too much risk by one single crypto coin. When we become more experienced and have more sophisticated trading strategies we can focus more on a single project that will outperform the market. Also the learning process is never going to be over, we can always learn something new and improve our strstegies.
606  Economy / Economics / Re: Marriage mean double your passive income, rental property mean double your passi on: October 08, 2023, 12:24:08 PM

So back to topic, is marriage, notably marry rich a sound advice today? Why having multple sugar daddy seem more appealing to me, one sugar daddy one passive income, two sugar daddy two passive income, 100 sugar daddy 100 passive income, simple maths! Btw I don't want to add crypto into the mix. I don't want to make consideration because it hardly existed more than ten years while marriage and rental has existed for thousands of years.

Marrying rich seems like the best way to set yourself up for life without having to worry about money again. As long as you get some children together you don't need to worry about a prenup. This is mainly in place to prevent you from getting a divorce after a few years and taking 50% of his money. The thing is that it's a decision on how you are going to spend the rest of your life, some people might choose love and happiness over money. Having a few sugar daddys doesn't classify as passive income in my opinion, you still have to work for it and make the men happy. Also this only works when you are young, nobody is going to pay for your companionship when you are 40. Eventually you are going to have to live of your own money.
607  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: October 08, 2023, 10:57:19 AM
no one who gets into gambling knows they can get addicted because most people think that their control is that strong that they can easily quit but in reality, those that's more confident that they're not going to get addicted are the most likely people to get addicted.

No one would ever thought about been addicted to gambling from the start of it all, but if we are very sensitive enough, we will also know that there's an indications that is giving us the signal for strange habits or behaviors in gambling which we often don't take with serious till everything turns to what is now obvious and called addiction, therefore, we should be sensitive to how we gamble, the way we did it and the things that involves through the means at which we gamble so we can know if addiction is setting in or not and we must not be reluctant in taking a disciplinary action against any form of addiction.

I think this one of the things that all the addictions have in common, all the people that struggle with it would have never thought before that it could come so far. Even if you have heard about addictions and how devastating they can be, it's hard for people to imagine that they could lose control over their life's to such an extent. The problem is that changes to our gambling habits happen slowly and we fail to recognize them. It's not like one person wakes up the next day and is addicted to gambling. One solution to the problem is to listen to friends and family when they are concerned about us. In my opinion it's much easier for others to notice changes in our behavior than for  ourselves. It definitely helps to keep an eye on rapid changes in our mood and not to give in to quick decisions that we make from. Our stomach, better to stay rational and think before acting.
608  Economy / Gambling discussion / Re: How Casino make money on Poker on: October 08, 2023, 07:43:01 AM
It is basically the Rake (a sort of a fee) which casino takes for every poker games we play at thier platform. The Rake is usually fixed for the game but some casinos, will not take the rake, but will charge an hourly fee from the poker players. Its always better to know what type of rake/fee the casino will charge for playing poker.

Rake can vary a lot from casino to casino and also among different poker games. When it comes to poker there are a lot of different variants these days and the game is constantly evolving. Anybody that is playing poker regularly should have a close eye on the rake as it can take a lot of money from our profits. For example there are now some Allin or Fold games, where you sit with 3 people at the table and you either go Allin or fold. You spam a lot of games like that in a short amount of time and pay a lot on rake. These rake traps are very profitable for casinos and they will try to get you in these type of games with bonuses. Then there is the rake back features for regular poker players. In most casinos you can qualify for some extra bonuses or free sitngo games after playing for a certain amount each week. That's why I can make sense to stick to one casino and not gamble at multiple ones.
609  Economy / Gambling discussion / Re: I can’t cope on my own. What do you think I should do? on: October 08, 2023, 07:29:49 AM

According to the channel free games are limited and we can only enjoy for a month and now the month is almost over and only VIPs will be entitled to games when the month elapses. I have been having doubts whether to join the VIP zone because I don’t want to be scammed that’s why i want to know your opinions.

 What do you all think i should do?

That is hard a question to answer and you need to make up your own mind how much you want to be involved with sports bets going forward. Relying on other forum users to give advice here is a good idea, but we can't decide for you how much involved you want to be with gambling. Taking advantage of free betting tips is fine, the question is now if your monthly profit pays off to become a VIP member. It doesn't make sense for you to pay a monthly fee when you are not going to gamble regularly. The service needs to add value for you and cost you additional money. How about you first try to place some bets on your own again? If there is one special sport you like a lot and one particular league you follow regularly, then I would try to only bet on those matches where you have more knowledge and an advantage.
610  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: October 07, 2023, 08:48:30 PM
There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

Without knowing anything more about the company behind the trading signals, I do think that 80% accuracy is way too high. Which such high confidence in your trades, you could easily become rich quickly. The question is where is that number coming from, maybe it's just from the marketing department to get more sales. When it comes to internet reviews by strangers I stopped trusting them years ago. A company can easily buy positive reviews and try to silence or delete the negative ones. I would rather ask around among my friends and see if anybody came across the company before. Technical analysis is a great tool to help identify trading signals, I have used them for many years now. Back in university when I first started out trading stocks I read some books and visited a seminar about trading signals. The whole field of technical analysis is so huge, there is a large number of different indicators and it's hard to choose the right ones. I mainly stuck to the signals that worked best for when trading stocks, but for those I don't need any third party provider, I can get them myself.
611  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 07, 2023, 07:00:32 PM

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

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

In case you are working to open your dream business and the 20,000 USD is mandatory, then I would definitely keep saving. Why risk your business to fail at the start, because you couldn't wait another few month? Assuming that you put in a lot of work to do the necessary research and that there is no time issue that requires you to act today, I don't see any issue saving a little longer. The only issue would be if you need to act today. For example, you need to the 20k USD for a franchise license and you have the perfect location that could be taken by someone else if you don't buy it today. In such a scenario I would ask my friends and family to lend me the remaining money. If 10 people give you 500 USD each than it's already enough. And if you tell your family and friends about your dream business they are going to help. Paying that money back after a year or two should be no issue with a successful business. Good luck on your business and I hope everything works out.
612  Bitcoin / Bitcoin Discussion / Re: Invest only in Bitcoin and never invest in shitcoin on: October 07, 2023, 06:33:05 PM

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.


At the early days of the rise of the crypto world the difference between meme coins and bitcoin wasn't as large as it is today. In my opinion it's wrong to disregard all other coins and only focus on bitcoin. The problem with bitcoin is that the market became quite large and mature, there are a lot of different investors and price changes are not going to be the same as they were in the early days. Expecting the bitcoin price to jump 100% in a few months is not realistic and if we are looking for such kind of returns then we need to consider other crypto protects. The big profits happen in the early stages of a new project before it's known all around the world. What has worked best for me was to put at least 80% of my money into Bitcoin and only use a small part to invest in more risky projects like meme coins. The high return possibilities of those coins also means that one successful investment is going to offset several bad investments.
613  Economy / Gambling discussion / Re: Lets discuss Poker on: October 07, 2023, 07:30:31 AM
Also let's share our experiences about Poker and tips/tricks which may help further improve our game.

Poker is one of my favourite game, I have been playing it myself for many years and also love to watch it on TV. There is a lot of great table talk during the old Poker After Dark Series and I learned so much from seeing the professionals play. The big poker hype from 2010-2015 let me play both tournaments in physical form and a lot of online poker. Afterwards I took a break from playing regularly, only to come back during the covid lockdowns where I got bored playing my usual games. The big difference between poker and any other casino game is that you don't play against the house, you only play against the players. There is no house edge, the casino earns a fixed rake per each table played. This make poker a great game to make money with, if you put in the required time to learn the game and get good at it. In my opinion, everybody should learn poker when they are younger. You can play it with friends and don't even have to use money with it. Just make sure that you don't jump directly at the high stakes tables. Poker has been around for so many years that there are many people who can play the game well and will take advantage of any beginner at their table. The important thing for any new poker player is to have a strict bankroll management, only play at the tables where you can afford to lose your buyin several times without getting wiped out. There can always be a losing streak and we need to have enough money to live through it.
614  Economy / Gambling discussion / Re: Getting paid on gambling accounts on: October 07, 2023, 06:53:42 AM
I made a mistake of getting paid for signature campaign in gambling platform accounts.
When I got my payment, I thought I would slowly increase the amount by about 5-10% before I initiate a withdrawal. But I quickly lost control of my emotions and ended up blowing the entire balance of my account. This happened more than once, it happened about 5 times as I received money from different sources.
It’s important for me to tell this story so that others don’t make the same mistake I did. This has been a huge life lesson in managing money and emotional self-discipline .

Why was your mistake getting paid directly in your gambling account? Doesn't it really matter if we first get crypto currencies added to our wallet and then deposit it at our favourite casino, or if it comes directly to casino balance. To me it seems to be more a problem for you to control your bankroll than where your money is being stored. Having all the money at the casino might be a problem if we really want to save some of our signature campaign income.  In the end we need to decide for ourselves how much money we want to gamble with each month. For that it doesn't really matter if the money comes from our signature campaign, our longterm storage wallet, or from new crypto purchases we are making with our regular salary. It's all the same money and we should have a plan beforehand on how to spend it. What works best for me is to have a fixed gambling budget for each month and don't have more than that budget stored at the casino. Learning emotional self-discipline is not only important for gambling, we also need it to be successful in trading and investing.
615  Economy / Gambling discussion / Re: Educate yourself to be a frugal gambler on: October 07, 2023, 06:37:50 AM
Play for fun. If you are not playing for fun, you are doing it wrong. Gambling should be done to entertain yourself only, and always remember that gambling is not a sound financial investment. I have witnessed the horrors of people who blow their kids college funds and life savings on gambling at a Casino. Don't be one of these people. Have a daily or weekly gambling budget and learn which games you like and how to play them so that you can actually have much more fun playing them than just winging any game.

Gambling doesn't only have to be played for fun, people can have more than one motivation when it comes to enjoying casino games or placing bets on their favourite sports. I agree with you that entertainment should be our main goal, because it's everything else we can't guarantee from gambling. Someone that only goes into gambling with the desire to make a lot of money will not likely succeed, which doesn't mean that this is not a reasonable motivation. Especially for people who like to bet on the underdog team in sports, or who bet on the 0 in roulette are looking for the high payout games. In my opinion it's fine to want to make a big profit with gambling, it's just that we shouldn't rely on it and expect it to come during one night. As long as we understand that the chances are higher for us to lose money than to make money, we are fine. Gambling is not a guaranteed method to become rich quickly, which doesn't mean that there won't be some lucky gamblers that will achieve it.
616  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: October 03, 2023, 01:58:52 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I think there is a difference between countries that allowed crypto currencies first and banned it later, and countries that never allowed crypto currencies. In my country crypto currencies are legal and it's hard to imagine how things would have turned out if they were banned from the start. I joined the crypto world in 2016 and used it as a form of payment to get money out of my csgo skin trading adventurer. If at that time bitcoin would have been illegal than I probably would never have used it. The risk would be to high and I just would have sticked to ordinary bank transfers. But after being involved with cryptos for so many years my answer today would be different. In case the government decides to ban bitcoin tomorrow I wouldn't immediately sell all my coins. I would rather wait and see how things turn out after a few years. A ban doesn't necessarily have to be permanent, a new government could revert the law after the next election.
617  Economy / Gambling / Re: Restricted on casino bonuses on: October 03, 2023, 07:34:39 AM
Playing without any VIP and bonus benefits on a casino is pretty dull because this feature gives player extra boost to our profitability. I decided to leave the casino and register to new one that gives me bonus. I'm just curious on why casino offer a bonus that they can't handle once user keeps winning using this. They can adjust the requirements to make it more competitive instead of removing all the benefits to user just because he keeps winning. It's not player problem if he is very lucky.

Sharing this experience to be an eye opener that we can't have a consistent profit on a casino without being restricted. Just enjoy the game and don't focus much on profit. In the end, I decided to just focus on trading and rest on gambling.
   

That is a bit harsh from the casino to remove you from all their promotions. How long have you been gambling at the casino and where there any emails before that or was it the first interaction about the bonuses? From the email it sounds like they have quite a lot of different bonus schemes running. Because a deposit bonus is usually a onetime event and after you took advantage from it, it wouldn't make sense for the casino to ban you from it. Even in your case with a 20/20 winning streak, this is just one lucky gambler out of a huge number of players. Another question would be if you never deposit any new money and only use their daily bonuses to make a profit. I would expect that casino don't like such kind of behaviour, but they could always limit the withdrawals to a large number of games played. Not sure how I would have reacted in your case, but switching casinos is definitely a good idea. There must be a reason why they only limit you from their promotions and not all the other gamblers, it feels a bit like they don’t want you at their casino anymore. At least you can still withdraw your money and move on. Better not to risk it and start playing at a different casino.

618  Economy / Gambling discussion / Re: Before you take sides on: October 03, 2023, 07:10:07 AM
For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.

I agree with you, banning winners from their casino is not a good business practice and will probably lead to some blowback. There are so many different review sites online of gambling websites that the news will spread quickly and this could ruin the brand name of the casino. Not sure why the number of people claiming to get banned from casinos rose so much in the last few weeks. It doesn't make any sense that there is now a higher number of winners than there was a few months ago. The casino games are still the same and our winning chance didn't change at all. Also, the casino have all the statistics, if there really would be a rise of people winning large sums of money then the casinos need to react. They are private companies that operate to make a profit, what includes to payout big winners from time to time. What I found so surprising is that why would a casino ban people from ever coming back to their tables? Wouldn't they want to win the money back they lost? The statistics are still on the side of the casino, with the house edge they are more likely to win next time the gambler plays. 
619  Economy / Economics / Re: Diversification in Global reserves. on: October 02, 2023, 02:18:48 PM

 Now don't get me wrong, we all know and understand that Bitcoin in particular is decentralized, hence making it an alternative to money. Anyway, I intentionally used crypto and not Bitcoin since there are centralized coins that can be controlled by the Fed like USDC & USDT ( another thing is if they hold value as much as gold to be included).

So, do you think cryptocurrency stands a chance in share of the global reserves, now that countries are opened to diversification through assets? 


Theoretically crypto currencies would be the perfect currency to be the next global reserve currency. No country alone would have full control over it and the decentralization aspect would remove a lot of political pressure. Unfortunately we are not living in a perfect world and I don't see any chance at the moment for cryptos to become the new global reserve currency. The issue is that there is no common motivation to push for cryptos to take that goal. All the big countries in the world are looking for ways to trade outside of the US Dollar, the dominance of settling international trade in USD is going to keep declining. But it's not clear yet which currency is going to take itself. China, India or Russia will always push for their own currency and would not switch to a decentralized crypto alternative. The same goes for Europe with its large member block, I don't see a chance for all those countries to give up the Euro and use cryptos instead for trading. There might be support from smaller countries that don't see a chance for their local currencies to have any impact, or that is fluctuating too much and scares investors away due to the high volatility.
620  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: October 02, 2023, 01:52:58 PM
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

Candlesticks are a great chart tool, because it not only shows one price for one day, it also gives indication on how much the price moved during that day. Charts in general are a accumulation of past prices and their visualization let's already assume that there are trends. Historically we can observe that there are boom and bust cycles that influence prices. There isn't one asset that only rises or only falls in price. Volatility is a big part of trading and using technical analysis helped me a lot to find the right trading signals. The landscape of technical indicators is huge, we need to decide for ourselves which ones we want to focus on, because there can be conflicting signals. Short term trends can show the opposite direction of longterm trends and it's up to the investor on which signals to focus more. One issue with technical analysis is that the shorter the period we look at, the more noise will get into our analysis. That is why I like to focus more on medium to longterm trends, there the chance of falling for noise as a trading signal is much smaller. Also using multiple indicators to validate our analysis is a good approach. I would recommend anybody to mix technical analysis with fundamental analysis and not only rely on trading signal alone, better to double check our research before committing a lot of capital.
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