Bitcoin Forum
May 25, 2024, 04:41:37 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 ... 332 »
701  Economy / Gambling discussion / Re: Gambling are mainly for rich and lucky mind. on: November 28, 2023, 05:58:12 PM
Not solely for rich ones but for sure they would be having bigger chances to win especially if they would be able to manage the risk and the amount of their bets, proportionate to what they can afford losing. Gambling is not only for the wealthy individuals; as we all know there are 'regular gamblers' who managed to win big time from gambling industry.

With luck, yes it is a huge factor in gambling however there are things we should consider as well such as strategy, analysis, and overall bankroll management to lessen your losses at least than to end up with nothing and just choose to give up and quit.
702  Bitcoin / Bitcoin Discussion / Re: Will transaction fees affect Bitcoin in the future? on: November 27, 2023, 10:06:04 PM
If gas or transaction feed would be higher in the future to the extent that it would be more expensive than with FIAT by that time, then yes. The prinary use of this blockchain is as a digital currency. Logically speaking, this is meant for transactions such as purchasing of goods and wants. If things would be expensive why would it still be preferred by its users and consumers? The only thing we wouldn't be able to trading this technology is due to anonymity with big transactions and also with taxation of goods. If it won't be serving its purpose of a faster and cheaper transaction, might as well move to other mode of payment to be more practical.
703  Economy / Economics / Re: Bitcoin's Impact on South Asian Economies. on: November 27, 2023, 09:37:06 PM
Random optimism for this technology?
Be realistic; poor ones won't prioritize investments and assets simply because they need to provide for their daily expenses which is practical. Whether it is South East Asia or other regions of the globe, as long as people themselves are not interested to engage not because of its popularity but circumstances and capabilities of the people on those areas believed to be struggling in terms of financial aspect. Everyone's free to invest but no one is required especially if there are other things needing the fund such as food in the table. Economic issues will never be resolved by this industry's token.
704  Bitcoin / Bitcoin Discussion / Re: How Often Do You Check Your Seed Phrase. on: November 27, 2023, 09:03:19 PM
No time for checking it.
If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
I did my homework thoroughly on securing my seed phrase even before I had a need for it. The articles, videos, and podcasts that I read watched and listened to prepared me so that when I secured my seed phrase I can be sure that in the next five decades nothing Earth, wind, or water can tamper with it including human forces. It is safe and secure, no need to check it.
Indeed if the security of the device where your wallet is logged would be enough as long as you are being responsible with the platforms or things you are accessing it with. Only those who are anxious are the ones to check it frequently. But in reality, the more you do not access it with platforms or networks which could infect the mother device, won't give you any problem on the long run. Just be sure to keep the copy of where it is written in order to make sure that no one else would have access into it and that if there would be anu problems then you could make an action with it.It is our money in the first place which should be enough to push us to be more cautious of its linkage and to avoid things get into worse.
705  Alternate cryptocurrencies / Altcoin Discussion / Re: How many of These price tragets are realistically possible in 2025 ? on: November 27, 2023, 08:38:12 PM
If it is general possibility then any price could be reached as long as demand would allow to do so. As we all know, everything's market value which is dependent with demand, shows no limit. Problem is lack of assurance that all of the displayed market prices would be met for that year. The market prices of crypto are not consistently increasing which could make it or not, or whether how long would it take to be achieved. So what's your move as an investor? Simply hold still if you are capable to so. If you don't have yours then at least find a good entry point then do the same thing which is to sell once you're okay already. Next uear is when Halving is expected to happen which could create enough demand for this industry in general and that includes dramatic increase with crypto's market prices.
706  Economy / Speculation / Re: Should I still hold the investment or sell it? on: November 27, 2023, 08:06:09 PM
His hand are soft not Diamond. He needs to sell it and ask for advice.

100 into 150 is nothing

and having to ask about it is the issue.

No understanding of hodl not ready to hodl.

Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place.

Exactly that.

If we assume he is truthful he simply is not emotionally ready to invest.

Or he is a troll and we are wasting time replying to him.

But if a truly shaky handed person is reading this some advice could help them.
Bunch of alike stories and given that we are all anonymous in this forum, it would be hard determining which user is telling the truth or whether stories or topic are legitimate or not.

For sure we are all aware here; hold and just continue to do so until satisfactory. However there are indeed people having difficulties with their decision despite of awareness on what to to. Factor to consider is the investor's life circumstances. Everyone for sure wants to hold but not all could endure market price changes.
707  Bitcoin / Bitcoin Discussion / Re: How Do I find a Balance Here? on: November 27, 2023, 07:32:02 PM
Choose what you think is best for you. I get the point that you want to contribute to this technology but since it is still young, we should accept that forcing the adoption won't do us good. You want to support a business to contribute to the advocacy but if it will sacrifice your urge to do things on your will, then you would be wasting your time. Regardless if you continue this advocacy of yours, if governments won't adopt it first as well as big companies, then nothing would change. Let things happen on its own. Right now more people are acknowledging this technology which means it would be better to let its progress be. And for us investors, focus on your holdings.
708  Economy / Gambling discussion / Re: Platforms Where You Get The Same Level Of Enjoyment Like You Do In Gambling on: November 27, 2023, 05:57:08 PM
You treat gambling as a place for entertainment and you enjoy every minute of it, but your family tells you to stop gambling for a week and challenges you to check other platforms for the same level of enjoyment that you experience in gambling.

So what will it be for you?

Mine is having a long ride on my motorcycle I feel it's refreshing and enjoyable, especially when I take on zigzag roads.
I'm a responsible rider and advocate of safe riding and if I'm not gambling online I love to take a long ride I have the same enjoyment doing both.
Better term I guess is outlet for enjoyment. I tend to socialize with my friends and play Basketball during mu free time and whenever I am not feeling the urge to gamble especially when my luck seem to be running out. If ever mu parents would be the one to tell me to quit gambling, I think it is where there would be a difference 'coz they see you as a problematic gambler. Gambling is indeed entertaining and is just leaving a bad impression with people who finds it hard to control themselves.
So what will it be for you?
Sometimes, we really need to distance ourselves from the world of gambling to prevent our losses from growing and chasing after defeats. At times, however, we still desire to continue gambling with the hope of increasing our winnings. There are many other activities I can engage in that provide the same level of enjoyment or even more than what I experience in gambling. Since I always face the monitor, I can take and enroll in online courses about web development, programming, and coding to enhance and refine my computer skills. Online gaming is also an option; I can play with my laptop and smartphone to connect with others and have fun. I enjoy listening to music to relax and can create playlists of my favorite songs as well.
Indeed some people tend to force their luck while chasing their losses. A domino effect; frustration would make you more exposed into it.
709  Economy / Gambling discussion / Re: How Many Bets to Know How Good Enough You Are? on: November 27, 2023, 04:57:16 PM
No such thing. Gambling is gambling and there's no such thing as "pro" here unless you would be playing in a tournament otherwise you are just a gambler yourself. Having a winrate won't be absolute. Try tracking your gains and losses to see whether you are a profitable gambler or not; these are the only categories. Certainty is lacking in gambling. You could win most of the time in some days but there will always be times wherein you'd lose for days or weeks or even longer. You could bet as many times as you want but for sure only our winnings would tell whether we are good or not. You could lose a thousand time but once you hit the jackpot, you could get back what you have lost but that would only show how much is your progress for a long period of time.
710  Economy / Economics / Re: #HODLing is not a smooth journey on: November 26, 2023, 09:30:33 PM
For me it’s the other way around, I missed the chance to sell a coin on the highs, which would have brought me a huge amount, but I hoped that the project would continue to grow, in the end my investments went down minus 90% and I’ve already been waiting for about two years, but TVL is still  very far.  My advice: do not miss the opportunity to lock in your profits.
Maybe it is a bit of greed given that you're aware of how big the profit already was and you still chose to hold. Your cited experience also support the title which is referring to struggles of holding. From big profit to huge loss. If you picked the right project then you shouldn't be hopeless right now even for a bad market situation from the previous all time high. Think of those people who bought early and still earning at this point; althroughout they encountered loss, then profit, the loss, then profit. If it is long term holding they you shouldnt mind monthly price  ceilings and focus only with annual growth in its price. Things won't happen in an instant so if you are in regret then you should have picked the easier catch.
711  Bitcoin / Bitcoin Discussion / Re: Bitcoin purchase using proceeds of a sold asset on: November 26, 2023, 08:07:02 PM
I suggested to him to pay deaf ears to what people will say if he wanted to invest in anything as it was his life and his money. He, however stated his concerns, that his property has his parents inhabiting it and that they would not agree for him to dispose it and also he considers it the only chance he has at investing in Bitcoin since he was just venturing into that space newly.
While we try to invest in bitcoins, and also encourage others to invest in bitcoins, we need to be cautious about the kind of advice we give them. Because although some have good intentions, the process to get to the intended intention which is good is bad. I do not support the advice that your friend should go ahead to kick his parents out of the house he owns which they are currently living in because he wants to invest in bitcoins. The only condition he has to relocate his parents should be that he is moving them to a better place. We should not make poor and selfish decisions that will hurt our loved ones just because we want to invest in bitcoins.
Also, there are people in there; you just cannot throw away their "shelter" simply because you are interested to an investment. If that's the only concern he should atleast compensate another shelter to still  be lived by his family members. Also, if the property is not solely under his possession. Indeed there are players who succeeded from doing such thing, it shouldn't be a normal thing to do. Putting all of the proceeds into 1 bucket won't be much ofan advised one. If you have the chance to do so then that would be better of course. Do not be too blinded of this itechnology's assurance of profit 'coz there's no such thing as an easy way to do so.
712  Alternate cryptocurrencies / Altcoin Discussion / Re: coin memes don't have a project? Is it worth buying for the long term? on: November 26, 2023, 07:24:08 PM
Meme coin is very high risk than Altcoins and Bitcoin.
If want to buy with small amount i think Shiba Inu and Dogecoin is good because many good market list that coin.

Every crypto has its own risk whether it is a memecoin or not sinply because cryptos' market price are volatile by nature. But with meme tokens as concerned for long term investment, I'm not quite sure whether it would be best for such investment technique given that most of the meme tokens has no utility to sustain the demand for it. Also token supply is huge which could also be a factor to lesser demand. But this is not to close the door for memecoins. If there will be further developments tackling issues and potential problems, then for sure it would become a better option than its current image. Right now, memecoins are no doubt good for short term investment due to high volatility in its price.
713  Economy / Economics / Re: No Correlation Between Academic Success and Financial Success on: November 26, 2023, 06:46:13 PM
We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?

fastercapital.com/startup-topic/Taking-Calculated-Risks.html
In my opinion ,study is important and without knowledge we can't do anything in life. Financial knowledge is important and academic knowledge is also important in life. Because education opens mind and person can think out of the box. Financial knowledge is important because money in important in life and without money there is no value of man in life. But academic education gave many things to country. Without education,you can't learn how to speak and when to remain silent. We can read anything and we can lead any team ,any kind of team but many Enterpreneur  disrepute academic education but in my opinion that is not right. Only hard working persons are successful in life either they are educated or not.
Financial knowledge and academic knowledge are related. However it is a different matter if it is success which is being talked about. The statement is valid; no correlation between  academic success and with financial status. But both are important. Not all graduates are more successful than ones who chose to stop and vice versa. It'll depend on the individual but atleast if you would succeed academically, you will open bigger and faster opportunities to lead you towards financial success, more than those who did not and would be needing to do Trial and Error with what they are investing themselves with.Circumstances as well would matter always when it comes on "success".
714  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not a get rich quick scheme. on: November 26, 2023, 05:45:45 PM
Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...

What is your thought on this.

What you’ve explained in the context of your post have said it all. There is no investment that can make you reach your goals overnight, if it happens to be so, then it is not an investment to invest in. No wealth or riches have lasted a long time when the profit is earned within a short time of investing. DCA method has proven to be the best form of investment if you’re investing for a long term, it gives you the opportunity to accumulate more at the comfort of your money without stressing you into investing not at will.
In the long run, holding would generate a more efficient profit than with DCA and partial trading. Well, day trading could make more money than with just waiting and holding for a period of time however you won't always be winning given that its market value is lacking stability and that there are sudden market price changes whenever there are news or anything which could affect the demand in this technology. But since we all have our own preferences on how would we maximize our assets, eitherway would be valid.There's really no shortcut to success and even if this technology have created an impression of a quick way to get rich, we should still base on daily progress.
715  Economy / Gambling discussion / Re: Two Carreer skill benefit of gambling on: November 26, 2023, 04:28:21 PM
I know people who possess these skills naturally are not gamblers, and not all gamblers possess these skills I also know people who are gamblers but are introverted, so it's not because a person is into gambling that doesn't mean that the person will possess these characteristics.

Ultimately just because someone gambles doesn't mean we know much else about them.  Stereotypes might not apply.  And while parts of that world could build useful skills, it shouldn't replace addressing the root of personal or professional challenges.

Individual differences.
In my opinion, the only skill a gambler develop which could be beneficial is risk management but this is only evident to those who practice such thing since as we all know, not everyone in this industry are responsible of their gambling activities. Also, when a particular skill or characteristic is being used to two or more different settings then the result would and could not be as effective as it was with the setting of origin. Perhaps with the mentioned skill of socialization, wherein if it would be used in profession, then that would be different 'coz we have roles in a company or with any working environment unlike in gambling games wherein we are all equal as bettors.
716  Economy / Gambling discussion / Re: Easy with unusual/strange gambling sites on: November 26, 2023, 03:59:52 PM
There's a lot of advertisement in my phone too and it seems like the algorithm knows what I'm doing online and that's why they choose to advertised to me. Despite of those marketing campaign, I still not try to register on those kind of sites because I know it's risky and I'm not familiar with the site.

Honestly, I only gamble on a site that is being advertised here and my maximum amount to try the site is only $10. Putting big amount of money should be backed up by the fact and good reviews, don't rush yourself to deposit big since you are still in the testing period.
Likewise with most of the gamblers in this forum, it is unusual on my end to engage with gambling site advertisements especially out of nowhere. Reputable ones are the platforms which I trust. But I do get why those ads are interesting; rewards and bonuses for sure. However, there are times wherein things on the ads are not really existing once you register on their site. Sometimes those offers are just to catch the interest of their audiences. I also tend not to click on those 'coz there are tendencies for a virus or malware if we won't be cautious of it. If you are looking for a new platform to engage with, I would only choose among the known platforms in this industry unless you're an experienced bettor.
717  Economy / Gambling discussion / Re: Gamblin with crypto because taxation makes no sense? on: November 25, 2023, 10:31:39 PM
I'm not really gambling with crypto to evade taxation because there is no tax on gambling in my country. I chosed crypto for gambling for the numerous advantages it offers such as ease of access, privacy and fast withdrawals.

In my country, there is a law that allows the state to obtain 25 percent of any amount a person wins in games and competitions of all kinds, even if he won it with a company outside the state or on the Internet, if the state agencies are able to prove that. The state automatically deducts that amount in the form of payable taxes and considers it a taxable grant. Of course, these procedures go through a bureaucratic process that will take a long time, and it is not possible to predict how long it will last.
25% as tax is such a big number. At what point do your government deduct the money? Do they have the authorisation to debit accounts on the basis of taxation? In my country, we complain of tax that is 10% in my country... seems we are even enjoying here.  Besides, so many things are not taxable here and the rate of tax evasion is high.




 
Unfortunately there are countries wherein gambling is really prohibited but due to taxation, some gambling providers and lotteries are considered to be registered under the government. The only downside is being taxed with a higher percentage and amount than with countries which are also implying such rule; but that's just normal 'coz tax percentage depends on which country you are living.

But going back, one reason for sure why we are gambling in cryptospace is avoiding tax. Actually I'm fine with paying tax over my gambling profit in fiat especially 'coz it allows me to gambling freely but if the percentage is that big, then that's why gambling in web 3.0 is more preferred.
718  Economy / Gambling discussion / Re: Can old generation cause the habit of gambling in young generation ? on: November 25, 2023, 04:34:08 PM
There are some old people in my family which are paying cricket fantasy games. They usually talk about the games and their performance is matches almost daily. It is obvious that if any younger guy in family will listen about this, he will also be eager to know more about this. How can I stop the younger generation in my family being carried away by this and focus on other important things like studies only ?
I want you to stop for a moment and think about this- all the older people in your family who play these fantastic game addicted to it? How is their lifestyle are there in depth because of these games how about their relationship with their spouse and their kids? If everything is okay with them I see no reason why you should act as a gatekeeper to prevent the younger ones from learning a thing or two from them.
Indeed, playing will not always yield to addiction 'coz it is dependent to what kind of a person you are. To any kind of game, greed will be the underlying factor towards addiction. If they are playing cricket betting and they happened to be profitable in such way, the it would be fine adopting such habit especially if the individual to learn such behavior is no longer a minor; therefore he already has is own decision with almost everything. But if it is somehow a negative activity to ones who are doing it first, then I see no reason why it should be passed down to younger ones.
719  Bitcoin / Bitcoin Discussion / Re: Something you don't have to forget on: November 24, 2023, 08:23:24 PM
At the beginning, when Bitcoin was too cheap and wasn't popular, investors weren't very serious with their wallets. Hence, they forgot about their wallet, and when they noticed the current position of Bitcoin, they woke up. But unfortunately, a few of them totally forgot about their wallet credentials. I have seen many cases where people can't remember the apps or wallet names where they stored their bitcoin. But time has changed now, and we are very careful with our wallet credentials. Because the Bitcoin price is too high now and is still growing. So we must take care of our wallets to avoid big losses that we can't afford right now.

as early as 2015 there were already scams and casinos and exchanges that also shut down all of a sudden and many of those early believers lost their coins. because the value is just not so big, they were just giving away coins.

i wasn't here it yet but i have read people were joining faucets which giveaway 5 BTC each time. if they only knew the price could go as high as $69K, they wouldn't be doing it. 1 BTC today is already one man's life savings.
Not all people expected its value to be as high as it have reached. Being in regret won't do us any good if such thing happened on your end. There are several stories which showed how low its potential have been assumed. Remember the guy who boight pizza using Bitcoin? that's one. But if we would base on real time, we cannot blame them from being ignorant of their bitcoin holdings. Same idea goes with people not buying or investing when Bitcoin reached $20k market value before it reached its ATH. We are all afraid to lose money which pushes us either away or towards this technology. And with giving importance of private keys? that's a bare minimum and that is simply being irresponsible losing them simply because you cannot see the potential of it being profitable.
720  Economy / Gambling discussion / Re: Would You Crowdfund for a Gambler Who Has Gambled Irresponsibly? on: November 24, 2023, 07:57:08 PM
If its my friend seeking for a help then why not? If this is the best way I can help him survive from that addiction and rise again then I will not hesitate to help as long as he is willing to help himself too. But if a gambler is just raising a funds to support his gambling addiction then totally not, its not good and I will never tolerate this kind of behavior. Gambling can be very risky and if you know someone is already suffering and seeking for a help, try to help him even on a smallest way because it can be a big help for him.

If that's the only reason to do crowdfunding, it seems like it's difficult to participate and support such a concept. Maybe later that's just a modus operandi; you know what it means. It wouldn't matter if everything went through in a proper and legal way; it would be fine, in my opinion.

But as you said, if the gambler himself will not help himself to get rid of the addiction he has, then a friend will do the same to do crowdfunding for him. It seems like the outside is also cheated in the end. Right?

Asking him why he wants to gamble would be best I guess. If his reason is to earn money then there are other means to do so. Sometimes support doesn't need to be in accordance to the person who needs the help, there are times wherein it could be in contrast and what's important is whether it would be for his betterment or not. It is like giving a drug addict money to continue what he's doing 'coz he struggle if the presence of substance is lacking, rather than bringing him to professionals for proper treatment (if you have the capability to do so). Sometimes not supporting them literally is a kind of support.  The question only becames tricky if you'd let your emotions and attachment to the person as the bottomline and not the objective.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 [36] 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 ... 332 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!