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641  Economy / Gambling discussion / Re: "NEW NORMAL" Betting on: June 17, 2020, 08:46:37 PM
Totally agree! Life is important, the effects of the Coronavirus are untold and it will remain marked in the history of humanity.
<snip>

The effects are currently been seen among countries and it will take longer than expected to get.back out normal life again. Humanity will adopt new ways to interact with the day-to-day business in life, the sporting world has gradually be open and more are Still opening for a new world order. During the lockdown, many of my friends have learned on how the internet can be beneficial to humans. They have since getten into the sporting world, all the games they're currently participating are from the lockdown.

Some say that effects of pandemic and the fact that the second wave is a threath will prolonge the time to get to normal life. Some say that we will never have life as we new before, so the normal before pandemic. I'm not sure what will happen but I don't like the term "new normal".
Anyway, in current situation internet and new technologies play very important role in our everyday life, including in gambling industry. That "new normal" also brought more people to online casinos which is good from my point of view but still there will be people who would like to go to phisical casinos and I wouldn't like that they vanish because of "new normal".
642  Economy / Economics / Re: Bitcoin can never become a currency. Part 1: scarce supply. on: June 17, 2020, 07:40:16 PM
That is a delicate question. In.a traditional, formal way Bitcoin can hardly be considered as a currency and limited supply is definetely one of the biggest obstacles although not the only one. However, people use Bitcoin as a currency and they will continue to do so. No country will ever use Bitcoin as their national currency and something that supports the financial system but people will continue to use Bitcoin as a payment method that is alternative to fiat currencies and it can function that way.
643  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: June 17, 2020, 06:15:08 PM
So far it isn't that bad, or at least we still don't feel the crisis in full ranfege, but it will get worse
My country will feel all the bad consequences in the fall because our economy depends great deal on tourism and the season is going to be very bad.
At the moment government is trying to compesate losses to most affected businesses but they don't have unlimited funds either and many are expecting help.
As individuals we can't do much except try to take care on ourselves, try not to lose job and save as much as we can. Including in cryptocurrencies.
644  Economy / Trading Discussion / Re: 7 Things have to do to become a Good Crypto Trader on: June 17, 2020, 04:19:26 PM
Those are common points but these things are most important;

1. Dont trade with emotions.
2. Dont be greedy
3. Always set limitation
4. Dont chase up losses
5. Learn from mistakes.

There are lots of factors needed but i do believe that these are the main ones.

This is very true, all the basic stuff that every trader needs to know and obey.
What I would add to this list is to be determined in making decision and always be good informed what is happening in the market. Always collect information and learn. I guess that every trader with experience becomes aware of everything you have mentioned but very often we don't keep that in mind so it's good to repeat from time to time.
645  Economy / Gambling discussion / Re: What are the terms you decide on which casino to play? on: June 17, 2020, 12:50:14 PM
Its reputation and reviews from other users. It is important to know if it is good to play in a certain online casino and you can guarantee that you can get your withdrawal anytime you want. Aside from that, recommendation, if it was recommended by someone I know, then I am willing to play on that certain online casino.

This is the best recommendation, if it comes from someone you know. I've learned so far that some references and reviews can be faked so I don't rely on.them that much unless I can verify them from multiple sources
For me security and safety, good customer support and user experience play very important role. Of course easy withdrawal matters too. In so many available casionos and new ones that appear all the time it's not easy to check everything and make the choice.
646  Economy / Gambling discussion / Re: Some People Cannot Stop The Urge To Sports Betting And Gamble Even In Pandemic on: June 17, 2020, 08:04:55 AM
I think it is the same as misuse of funds because it is not used properly even though the funds have been received by people in need and people like this clearly have no responsibility, the government provides assistance such as for food needs and some money to be used properly and of course for the good of their own family, but still they use the money to indulge in their own lusts like drunk and still do physical gambling while at the same time the money is still very much needed for their own family's living expenses for the next few weeks or months.

Challenging the risks.

I know these people who received financial support know how to use the money properly. But since no source of income, that financial assistance will soon be gone and they will be left again with no money at all.

They will now challenge the risks by taking chances to do gambling in order to double the money so that they can maximize their budget. But since, gambling is gambling, instead of extra income, the worst thing is what they got.

I know some who have already lost the money that way. From my perspective it's really stupid to gamble the money you got as a support from government thinking you will make more money on it. Instead to take care of the future in this hard times some just spent the money so easily. It's not a good strategy and since gambling depends purely on luck no one can't rely on it as a source of extra income.
647  Bitcoin / Bitcoin Discussion / Re: What's Next After Halving? on: June 17, 2020, 06:36:51 AM
After halving we should see big movements on the market. There we so many hype news about it what there for sure should be some intresting movements

I'm not sure that will happen. Many users expect big movements in the market, higher price, more investors. But, based on what actually? I don't think that this halving produced desired effect and although some impacts might be posponed I don't expect some big changes and surprises regarding the price.
648  Economy / Economics / Re: Financial Crisis Will Come on: June 16, 2020, 07:54:37 PM
Nowadays, it is very hard to earn money. One of the saddest part of being an employee is your company cannot afford to five your salary so you will be fired by them. I know I am lucky because it did not happen to me. But knowing that there many people who can't afford buying anything they need to survive is such a heart break.
While the Government is trying to find funds for those helpless, it is also a heart break that a country's debt is multiplying.

That is case in mamy countries. Governments try to help but their sources of money are also limited despite the loans and similar and businesses are strughling to service. They are trying to cut all expenses they can and very often that applies to employees too.
Yes, good decent paid job will be harder and harder to find and I'm afraid we are not even at the begininig of real crisis.
649  Economy / Gambling discussion / Re: PAGCOR waiting for the approval to reopen land-based casinos. on: June 16, 2020, 06:29:10 PM
If we were to decide, would we choose that they will not resume because of the covid-19 scare? or they have to resume to contribute to the economy?

I think it is better for them to resume it now.

As it will not just contribute to the workers and the economy, people will also have a way to ease their minds during this pandemic. Since here in our country, workers are starting to go back in their offices or jobs, I think it is time to resume. Also, they said that they will follow procedures so as long as they keep that up, gamblers and workers there would be fine.
As long that they follow the protocols to avoid spreading the virus.

If they will work according to how WHO/DOH procedures, it's possible to reopen and gain some help from this business.
We all know how the government are trying to earn to continue surviving from this pandemic virus, there are lots of
expenses especially from the medical aspects of the society.


That's correct, therefore they need to earn from their operations and private operations to fund all the financial needs.

Why people are only looking at the bad side, which is when they resume the virus will spread, but not looking at the other side which would solve the problem in our economy. What we are experiencing now is the pandemic which is a health issue but it has a big effect on our economy that is why people will financially struggle especially those minimum wage earners who only rely on their daily income.

People would always look out for the bad side without even considering the other part or trying to understand on what government is trying to achieve.

They can support entirely if there were no tax being generated thats why their option is to let those businesses open in spite of the risk that we are facing now.

economy wont survive if this one would take too long.We should understand they are trying to save up lives but all of us wont sustain if we dont have income and also generate tax for the government.

Vaccine is all we need for us to go back to normal.

I'm not sure if vaccine would be enough. The virus could mutate and that iit wouldn't work for a long and it will spread again.
However, I agree that liviing needs to continue and economy and businesses needs to.go on, otherwise without income everything would colapse.And for most people, for some reason, government.is always on the bad side no matter what they do.
650  Economy / Speculation / Re: What will governments do next to manipulate Bitcoin? on: June 16, 2020, 02:17:24 PM
The only government that can manipulate bitcoin is the US government  Smiley But I see no reason to believe that they are doing this because there is no need for it. Bitcoin has actually been entered into the legal field - everywhere it requires KYC, exchanges track suspicious transactions, etc. Bitcoin does not represent anything dangerous for the government.
If the US government wanted to restrict bitcoin they could have already done that as it is over 11 years now and the authorities started confiscating bitcoin from criminals for a long time and selling them at auctions. When it comes to exchanges enforcing KYC is because they do not want to get into trouble from the authorities if some hacked coins are cashed using their exchanges.

I think that some meanings of word manipulation are being mixed
To manipulate something doesn't necessary mean to control, restrict or to ban. So in this context I don't think that US government has any of such intentions towards Bitcoin. It's really hard to figure out where such conclusions come from.
KYC is obligation by the law in most countries for all services that include any financial mean so cryptocurrencies are obviously not exception. But I don't understand why are people so afraid of it, it's actually for their own protection.
651  Bitcoin / Bitcoin Discussion / Re: seems like bitcoin is too slow to progress on: June 16, 2020, 08:07:29 AM
Honesty, I don't quite understand what do you mean when you say Bitcoin is slow to progress. Slow in price, technology, transactions or something else.
Bitcoin is based on quite advances technology although that doesn't mean there is no room for progress.
Price is defined by market and that can't be much influenced.
However, I think that some people looking for instant solutions but progress doesn't come over night. Maybe if the question was more elaborated it would have been easier to explain.
652  Economy / Speculation / Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back? on: June 15, 2020, 09:12:44 PM
The moral of this story is not to sell your bitcoins because it’s falling or because people are claiming that it’ll fall, rather one should assess the situation and then hodl on to their coins, as they’ll be rewarded in the long run for holding their bitcoins.
An investor should not be too concerned about daily price movements, especially when you are in for the long-term. The only time you incur a loss is when you panic sell, the fundamentals of Bitcoin is solid support to ensure the price rises again.

The market volatility is again growing, and the trading volume is still low, so we could see more quick movements over the next couple of days.

Volatility has actually never gone, it's always present but more or less visible, depending on how much price is fluctuating.
I agree that is not so.important for long term investors however volatility is something you always need to keep in mind. For daily traders it's totaly different story, their profit depends on volatility.
653  Economy / Trading Discussion / Re: Make Money While You Sleep? Welcome To The World Of Crypto Trading Ai Bots on: June 15, 2020, 07:39:11 PM
I don't trust trading bots. Making money while you are sleeping? I don't think so. If that was so easy then everyone in cryptocurrencies would be rich and we all know that isn't so.
Trading is demanding discipline and if you want to be successful you have to be present at the market, watch, predict, make decision, act. Bots can't do that instead of you, they can't replace human mind and ability to make decision.
You can use bots for fun but not for serious trading.
654  Economy / Gambling discussion / Re: Soccer Betting Tips Daily for Free on: June 15, 2020, 04:45:32 PM
I've been betting for two years now and I wanted to share my tips with you.

Do you have any statistics from your betting activities over the past two years (screenshots from directbet for example)?
Would be helpful to assess whether you are more successful than the average joe.

Good point although I don't think that will help.
Maybe I'm too sceptic but I.just don't believe to such tips, especialy if they are given for free. Maybe this player have good and honest intention and wants to help the others, which is rare, but I just don't have confidence. Probably because of my bad experience.
655  Economy / Economics / Re: Why is bitcoin worth so much ? on: June 15, 2020, 12:28:27 PM
Bitcoin is worth as much as people are willing tp pay for it, it's defined by the market. It's similar like you've asked why.gold is worth that much.
Since Bitcoin is decentralized so not under control of any centralized body that could define or influence the price, it's purely defined by users. So, as long there is demand for Bitcoin it will have certain value. The bigger demand and the smaller supply, the price will go higher.
656  Economy / Gambling discussion / Re: Online casino searches at "all time high" during lockdown on: June 15, 2020, 09:47:15 AM
I am not surprised by the news that search interest in online gambling has hit all time high during lockdown. Because gamblers are
accustomed to playing in casinos, will look for other alternatives. And in a lockdown situation many would choose gambling online
in the end, as we know crypto casinos have finally benefited. Because a lot of online gambling uses cryptocurrency.

Yes, to my opinion that was one of the good sides of pandemic, if we might say so, the bloom of online casinos. And I don't think this is only temporary because many gamblers now have seen the advantages of online gambling and they will remain faithful to online casinos. Also, some are still afraid of virus and reluctant to go to casinos. Like many other businesses, online casinos also got their chance to spread the business.
657  Bitcoin / Bitcoin Discussion / Re: How to Spend Bitcoin? on: June 14, 2020, 07:30:42 PM
Im not sure that right now is a good time to spend btc unless you full in. Im just hodling everything in my ownr wallet (safer than exchanges) and just waiting for new ATHs. You shouldnt spend your btc for ordinary purchases

It's always good time to spend Bitcoin, why not. People have different reasons and different motives and not all are just Bitcoin holders. Also, some people have constant source of Bitcoin profit or earnings so they like to spend it.
I beleive that Bitcoin was created for some practical use and purpose, like spending is, not only as an investment or to be kept in some wallet indefinetely. So, from my perspective spending Bitcoin is good and that shows its use in real world.
658  Economy / Speculation / Re: TA indicates a sharp drop soon on: June 14, 2020, 02:35:46 PM
Only TA is not something that you can fully rely on.
Yes, it could be helpful if used correctly however it's only indicator that doesn't need to be correct at the end.
Before making any kind of decision it's good to consult some other sources.
Price drop is always possible but it's hard to tell in which extend. I don't think there is any reason to panic.
659  Economy / Gambling discussion / Re: "NEW NORMAL" Betting on: June 14, 2020, 12:17:03 PM
Safety is always the priority, for us, we can be 100% safe if we are just betting at home in front of the screens of the PC or Phone, but let's just hope that the decision to resume the sporting events, it will not aggravate the situation especially in US, we need to hope and be positive with that.
Keeping aware of what happening around us will save our life from danger. We have to take this seriously as we still don't have a cure for this that adopting for a New Normal in betting will be good. Many people in the US suffered thousands of death because they probably ignored this thing and they don't even care to adopt the new normal.
As long as health is involved, Adopting a new normal would be the best betting recommendation. It's not that bad watching from a TV or your gadgets with the sporting events that you have bet on.

It's very possible to just stay at home and watch the game compared to risking your life to just watch a single game, It's given that there will be a loss to the organizers of sports game but It's what's better to do now in this situation. Even players want to avoid the crowd even if they lose the sense of fulfillment of them with their fans watching live.

It's good to care about your health and respect social distance and everything but let's not exaggerate. We can't stay at home forever and just watch everything on TV. Besides there are disseases that are far more dangerous than COVID-19 and we don't stay and panix at home for all our lives.
Life needs to get back to normal and that includes betting too as well as going to sport events, stadiums etc.
660  Economy / Trading Discussion / Re: Don't trade what you can't risk loosing on: June 14, 2020, 10:20:33 AM
This is the truth and reality that every newbie must hodl on to.
Trading with funds that you can afford to lose gives you peace of mind, and the required calmness to trade efficiently.

That way, you are not under any pressure to perform.
Actually, this is a simple thing. you just don't need to put all your money into trading. however, it has a big risk. if you want to be serious about this, that's very good, but don't ever take a greater risk than what you can bear. my suggestion is to use your assets below 50%.

Yes, it's very simple rule and yet don't all traders obey it. Otherwise there wouldn't be so many traders in losses they can't cover. The thing.is that they believe if they push a bit harder, even above their limits they will cover losses and even make profit.
The problem is.that some traders are not so good in risk management or they just ignore it, they don't plan the funds in advance or calculate the possible amount of loss in their trading strategy. If they have one.
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