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761  Economy / Economics / Re: Financial freedom and success comes from knowledge on: July 31, 2021, 08:38:18 PM
I agree with the author that knowledge and well-being are tied. But it is the desire and aspiration to learn and take all new things that ultimately leads to financial well-being.

The school teaches how the sciences, objects and situations in the world are called, the university teaches how to filter the flow of information from the world and take what you really need. The person aspiration to endlessly educate from the world and APPLY it for the benefit of himself and the world, including the financial stability, is what really should be counted.

Information is around you and all for FREE, the only thing you need - is effort and the ability to filter information, find reliable sources. While knowledge is power that is only true if you have a way to put that knowledge to practical use for the benefit of your own and the world.

Thats why huge market players like Binance and Coinmarketcap spreading educational materials in their Academies - they know what smart people really appreciate
Most people do not have the minds to learn things they rather not learn or care. I personally went to a year long coding school, it was just about teaching people C# and some other minor stuff, and at the end of the day I ended up getting a certificate from there that said I can code in C#, and at that moment I was actually at a very very very beginner level, not even like someone could hire me, I was that bad but at least I knew some stuff, nowadays I have zero idea what that was all about and can't do anything about it.

All of this comes down to one thing; it doesn't matter how much information is out there, if you do not want to learn, you will not learn it. I have learned Latin all by myself, still suck at it but I at least learned a bit of it all from studying from online courses, but I went to a year long c# course and couldn't learn a thing. This is exactly why people can learn what they want to learn, but if they dislike the topic you can throw every book at them and they will not learn a thing.
762  Economy / Economics / Re: Is it easier to HODL if you are already rich? on: July 31, 2021, 01:05:01 PM
One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".

For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?
It is easier to hold compared to anything, period. I mean trading and what not causes so much commotion but if you are not good at it you are not going to enjoy any profits from it. When you are holding, all you have to do is nothing, just keep on waiting until the price reaches a level you are fine with and that is going to be fine. I personally have done a lot more profit by just buying and holding than any other method and that is going to be basically the case for a long time, it is not going to change for me nor anyone else.

However when you are richer you have the chance to spend 100 million on long term investing while spending a million dollars on smaller cap stuff, can buy 10k dollars worth of small stuff 100 times over, and that is why I believe holding is easier when you are not rich, because you do not have a room to work with hence keep on holding.
763  Economy / Gambling discussion / Re: Gambling ombudsman - do you feel protected? on: July 31, 2021, 07:46:24 AM
As users of gambling sites, we have to be careful and do our own research before committing our funds to a site. But no matter how much you dig around there is always a chance of being scammed or at least not being treated right by a service. I just read this article below on the need to have some short of protection or even a self regulation. Would you say that you would play more confidently if you knew that you can potentially have a claim if you think something is not right with the system or the decisions? How would that protection look like for you?

https://sbcnews.co.uk/europe/uk/2021/07/23/richard-hayler-ibas-the-ombudsman-from-abstract-concept-to-a-workable-reality/
Not a bad idea but there will be some problems with an ombudsman put in place.

1- Not all casinos will agree to share information with the ombudsman.
2- The ombudsman might be operating legally for casinos from one country or few but how would you cover all the casinos
3- What happens if the casino claims something else and the player says something else because obviously data can be faked by the casino
4- A large number of fake complaints will pile up and take ages to solve them
764  Economy / Gambling / Re: Stake.com - Watford FC Main Partner - UFC Betting Partner - $1M Race II ⚽ 🥊 on: July 30, 2021, 08:16:15 PM
I have no ideas why Deposit Bonuses seems to be like a big deal for GamblingBro while I believe the number of players who like this kind of promo is so small due to its requirements. I know it is something personal but I think it should not be a stand alone category for a review as it should be part of "Promotions" category along with all the offered bonus by Stake such as reload, weekly and monthly bonus, forum challenge, levelling up rewards, and many others. So I think the review for the Promotion category is not complete.
I guess it makes sense to not care about it, think about it who would want to wager 40+ times of your whole deposit just to get it? So let's say you deposited 1000 dollars, and they tell you that they will give you 1000 dollars more (usually capped at 500 but whatever) that means you will have 2000 dollars, but you need to wager 40x on your original deposit, which means 40k.

So with 2k dollars in your bankroll, you need to find a way to gamble all the way to 40k, and that means gambling all-in with your initial whole bankroll nearly 2x times, of course at certain point it becomes easier, but that is still nearly 5x all in on 2x chance for example. I rather gamble the way I normally do and ignore that deposit bonus at all, why risk something so huge, it just doesn't make sense to me. Or maybe you just do not need to withdraw at all and you can gamble tiny amounts for weeks before you can withdraw.
765  Economy / Exchanges / Re: Binance squeezes users on verification on: July 30, 2021, 05:46:14 PM
Will Binance lose client base now. Will BNB take the hit and crash while this is on? There are many speculations going on in my mind right now.

What do you think?
I don’t think they are going to lose clients because of that, moreover anyone that is making use of Binance should be aware that the exchange is a centralized exchange so they can take any turn at any time. So, you just have to be ready for it to happen at any time.

Anyone that is looking for truly decentralized platforms already knows where they should be looking for it, and Binance is not really the answer to that, it’s just decentralized to some extent. I won’t be surprised if they happen to be fully centralized in years to come. But, I think the reason why they shortened the amount of BTC you can withdraw is because there has been an increase in the price of BTC per dollar, so they want to match it.
766  Economy / Trading Discussion / Re: Always take profit on: July 30, 2021, 06:29:27 AM
It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.
Yup, it’s very important to take your profit before the market goes down.
But, you can’t tell when the market is going to crash again. It is now up to you to know what you really want.

You can decide to set a target that you think will be okay for you to take profit and when the market reaches that level you can decide to take your profit, or if you feel that the market is still going to keep increasing, you can just take a bit of it and leave the rest as you continue to watch the market. Anyone who is trader always has to be watching the market steady so that you won’t lose. You can set your stop loss as well when you’re trading to limit the loss.
767  Economy / Trading Discussion / Re: It feel good to see Bitcoin going well on: July 29, 2021, 08:32:41 AM
Its good that we are able to rise again unexpectedly since there’s no big news aside from private institutions coming into this market, and Bitcoin was able to sustain its momentum going up. For now, we have to retest the resistance level and hopefully was able to break it again because if not, sideways trend are more possible. I’m confident that the bottom was already hit and Bitcoin price wont go down below $35k again, hopefully.
Well, yeah and this is a natural growth and much more solid than the pumped market a few months back. Let's be honest, we all know why the price went as high as it did a couple of months ago, it was all because of Elon Musk's impact and his support towards Bitcoins and even accepting crypto for Tesla car purchases.

It can still go down to $35k but we need good news to sustain what we have now. But in any case, we need to prepare what's about to come. If we will hear another country considering bitcoin to be legal tender, it may somehow influence the market. Or any major company accepting btc as payment. But for now, let's be grateful that we are heading to the positive direction rather than downward movement as some predicted.
Support from small countries helps in the longer term while small good news from a big nation like the United States can disrupt or pump the market. I always feel organic and sustained growth is far superior to pumping.
768  Economy / Trading Discussion / Re: Where do you get trading advice and tips from? on: July 29, 2021, 06:47:27 AM
I remember the time that I was still a newbie in crypto last 2017. Since I didn’t have any “friends” that time who are into crypto and mostly are into online selling, e-commerce and network marketing, I self-study them by reading a lot of articles and watching videos on Youtube regarding the basics of trading, etc.

Most of the newbie and beginner friends I have insisted me to give them a “lot of time” to do step-by-step by doing this and that, etc. I just simply give them advice that due to my heavy schedule in my work, they should take time watching the videos, read more articles and learn more about trading in various crypto trading communities.
I have been around for 8 years, I am practically a veteran in crypto world, there are many people who have been here for 8 years or more, but the majority is brand new compared to me. Even with all of that I still do not have too much money because even though I was here, I didn't spend too much of my money in crypto, I even managed to mind 0.25 or so bitcoin with my laptop, that is how long I have been here and I still failed to buy a lot, which is a shame of course but I still consider myself lucky to be here.

After all of that I still do not tell my friends what to do, I do not teach them everything, I just forward them to binance knowledge base and they can read everything they want there, which is what it was created for, if they are serious about it then they can read and learn a lot about it, if they are not serious about it then they will end up losing a lot of money.
769  Economy / Gambling / Re: 🎲BetFury.io|🔥BETFURY OLYMPIC GAMES for $150 000🔥 NFT Battles |⚡️Free BTC+BNB| on: July 28, 2021, 05:50:18 PM
Betfury is doing very well and I think it's the best crypto casino out there, but they have to acquire the real gamblers and this is only possible by adding Providers like Playngo, Relax, NoLimit, etc.. I don't understand, why they integrate providers like "Mascot" instead of the major ones.
And they have to update their slots from existing providers way more frequently. Real gamblers want to play the new release from day one.
The negotiations with top providers never stop and we really do a lot to get the best product in the industry of iGaming. Our marketers are constantly working to integrate top providers and soon there will be NetEnt 🚀
While we have you here and answering questions, will you be doing a lot more marketing on the gambling side of things? Or even campaigns that are much bigger? The token thing has been great and all but we really need to have some sort of big marketing on the casino part as well so that we could continue down this path without problem.

I get that not many people enjoy spending so much money on marketing and not see a direct result, but I can promise you it is a long term deal where whatever you spend will get back to you in the long run. Without the casino the token doesn't worth anything at all, none of this worths anything at all, you really need to have some sort of big marketing move for it. While you are getting these new games for example, that could be a great time to do a huge marketing right? You can just promote that to all of bitcointalk and outside world.
770  Economy / Gambling discussion / Re: Olympics 2020/2021 : Discussion & Predictions on: July 28, 2021, 04:43:05 PM
I finally lost my first bet on Olympics this year. I wagered on Turkey to win against Italy in women volleyball but they ended up losing in a big fashion. After beating China which was the best team of the whole tournament, I was thinking maybe there was a chance that they could beat everyone, because beating a big team usually indicates how great you are as well. However as it turns out just like their football team that managed to beat France and Netherlands and then lose every game in euros, the volleyball team seems the same as well, beating a great team and then start losing afterwards. Maybe it is a national thing I do not know.

In the end it is just one loss for me and I am doing fine, especially after such a bad euro cup wagering for me that ended with finally a break even on the very last game, I am happy that Olympics is doing much better for my bankroll.
771  Alternate cryptocurrencies / Altcoin Discussion / Re: What's the weirdest thing about crypto? on: July 28, 2021, 02:20:37 PM
As I've said many times before, crypto behaves in many strange and bizarre ways. Coins that were never thought to become valuable, are now worth serious money as people join the crypto/blockchain craze. Some projects have unique features that are actually useful, while others are nothing more than a direct clone of the original project. One thing for sure is that the industry has achieved a lot in only 12 years since Bitcoin's inception.
The fact that nobody talks about how there is this made up money in 2008 that made some people billionaire. I mean it is insane to think about how some people became insanely rich just because we created our own coins. I once bought a car thanks to it, how insane is that?

We are basically in the world of made up richness and that really confuses me a lot sometimes, like how the hell did I became so rich, who paid for the price to go up. Then it hits you, the real weird thing "nobody has to buy for the price to go up", yes you heard it right, there could be ZERO buying and the price can still go up, that is the most weird thing ever, how? If collectively all of humanity decides that bitcoin worths 100k, then everyone will remove their orders and put them on sale at 100k and won't sell under that price, doesn't require any buyer, that is just what sellers requests all together.
772  Economy / Economics / Re: Not just money but oil is most important in the World on: July 28, 2021, 06:28:30 AM
Crude oil is very important today, because most of the machines used by humans still use fuel oil. Therefore, the middle eastern country which does have quite a lot of oil reserves, is now indeed a rich country. But the limited amount of crude oil, makes people think about looking for other alternatives. Moreover, the use of oil as a fuel can damage the environment, so slowly several large countries began to switch to using electricity.
So in the future the possibility of oil is no longer important, because everything will use electricity. Therefore, a country that has a lot of oil reserves, if not put to good use of the money from the sale of crude oil, in the future will not be a rich country anymore.
The limited part is not really a big problem because even though there is a limited supply of oil in the world, there are still enough out there that we could actually use it for decades, I mean we literally find more oil than we ever need every single year, there was a poind during last year’s pandemic moments where oil became negative price, yes that’s right you had to pay to own something and then pay to keep owning it instead of being able to sell it, you had to pay to sell it instead of getting paid.

These are all huge things in the oil world that proves that oil is not lacking in amount. However, the fact that it is killing the world for us is the thing we should be looking at, in 50 years world will not be a place where humans can survive this easily, our life will become a whole survival movie and even water will be a commodity we will need, we can survive this only if we move to renewable energy and pollute the world less.
773  Economy / Economics / Re: ECB starts 24 month digital euro project. on: July 27, 2021, 12:59:04 PM
The idea is that everyone has to know each other's identity when sending a cryptocurrency. That means you would have to know my identity if you want to send me Bitcoin. This is complete nonsense.
I think the idea is that the government knows everybody's identity. You can still give me your wallet address and I can still send you some bitcoin without either of us knowing anything else about the other, but the government want to know who is sending and receiving those transactions, even if the people doing the transacting don't.
Yeah it's the government, not people. I understand that government needs to know who sends money to who, that "sort of" makes sense, obviously it is not good for privacy and some people are very much against it, but I at least can understand it a bit.

What I do not understand however is that why people bother with it so much, are you hiding something? My government knows exactly how much I own and how much I made and I paid taxes based on that, it is not even about them sending me any information, I did it all with my accountant, I do it every month.

This includes every single thing I spend as well, since I am a freelancer I have the luxury to even claim food as expense since my home is my office so I eat at my office while eating at home, so they know basically EVERYTHING, like literally to the garbage bag level, to what I eat every day level. I do not mind, since.. like why would I care if they know it? Why would it matter if government knows I ate a bagel this morning?
774  Economy / Trading Discussion / Re: Small capital and Big capital on: July 27, 2021, 10:06:09 AM
It doesn't really matter if you will be starting with a small or big capital because your ultimate goal is still to make that money of yours gain profit that it why you are risking to put it up into a trade or investment opportunity. Starting with small or big capital needs the user to be able to manage his funds briefly and carefully to attain the goal of earning profit and as much as possible lessen the probability of obtaining losses than gains. The difference would just be the amount of return because when you invest/trade using small amount and that have gained success, you will just earn small compared to having big capital where you can obtain bigger amount.
Although I agree with you, I must say that small capital is just not worth trading with. I will give a few reasons for it.

- You will never have the confidence of doing trades because you don't have the capital to fall on for your mistakes.

- If you trade too small, you might wonder whether it's the right utilization of your time or not. Spending the whole day in front of your computer only to earn a few dollars isn't worth it IMHO.

I mean, I am not encouraging people to take loans and go big but at least ensure the time you spend on your trading is getting you something fruitful.
775  Other / Archival / Re: Newbie mistakes when trying to increase the deposit on: July 27, 2021, 09:14:14 AM
Trading with demo, win big with demo and have illusion that they are genius.
And people will even take loans to fund their trading because the demo trading account they used to trade at, was giving them profits. It's much easier to trade with a demo account given the funds are virtual and the profit and losses are imaginary and once you start trading with real money, you will realize the real pressure when real money is at risk.

Trading either for crypto or stocks should be mastered before jumping in with a mammoth capital. I laugh at all the talks about a bugger bankroll because more is your bankroll it will only pull you back from taking some carefree decisions which sometimes is important in crypto trading. At least with smaller bankroll, you won't be digging a hole for yourself.
776  Economy / Gambling / Re: 🔥🎲Tower.bet 🎲🔥 New Platform arrived 🎲Crash 🎲 HiLo 🎲 Wheel 🎲Contests 🎲 on: July 27, 2021, 07:09:01 AM
is there live chat on the site where players interact with each other.

Look at the top right corner of your screen, you'll see a message logo https://prnt.sc/1fmamug, click it and you'll see the chat room where you can interact with others.
I would advise people to stay away from the message boards in casinos honestly. I know that people like to chat with others time to time but the reality is that we are talking about something basically just a situation where there are too many "kids", not really kids in age (I hope, because that is illegal for them to do) but kids in mind and that is why I keep away from it.

This is not just about here neither, it is about every casino and sportsbook out there, too many people who are saying edgy stuff to get attention, what is so obvious that is wrong? 2+2=4 right? They will say it is 22 so that they can get attention, but do this in a lot more immoral and unethical stuff obviously and they will always try to get away with the maximum allowed without getting banned. I just dislike to get in heated arguments with people who are in love with the whole idea of argument itself, they want it.
777  Economy / Gambling discussion / Re: Sexy casinos on: July 27, 2021, 06:04:56 AM
It takes an experienced gambler to ignore the temptation and to be fully focused, and if the gambler is a young man coming from a conservative country he will be out of focus and eventually lose even if he is serious about winning, it's better if you have this characteristic to just don't play on sexy casinos, sexy casinos are for gamblers who don't care about losing and winning and just want to be entertained and it's part of the entertainment.
Experienced gambler would first know not to be there to begin with. Any experience gambler would know how to say no towards free drinks in a real casino as well, because you know you are getting a good deal on the free drink since you can drink more than you could lose and get ahead of the profit in that way even if you ended up losing a few, but why risk the possibility of getting drunk and losing everything? That is the risk you are taking when you are accepting a drink there. Same goes here, why take the risk of seeing some woman naked when you could always do that online anyway?

I mean just write "boob" on google and you will get some and we all know it is a lot more detailed than that inside the internet world, why would I risk all of my money while gambling just because I may have a chance to see them? That is why any experienced player will not ignore it while playing, they will not play there at all.
778  Bitcoin / Bitcoin Discussion / Re: Amazon is looking to accept Bitcoin payments by the end of the year on: July 27, 2021, 02:15:35 AM
Amazon is looking to accept Bitcoin payments ‘by the end of the year’, and is investigating its own token for 2022, says an insider:

https://www.cityam.com/amazon-definitely-lining-up-bitcoin-payments-and-token-confirms-insider/
They might as well introduce their own token. I am not so sure whether this article right. This is not the first time I am seeing a news like this, but it has never happened. But it wouldn’t be bad to believe that they are working on something like that, that’s if they really hired Blockchain experts as some has said. When the time is right we are going to know what they are really working on, whether they are trying to implement Bitcoin as a method of payment on their platform or they are just trying to create their own token and use it instead of Bitcoin?
779  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Can the market build an immune system against meddling from influencer like Musk on: July 25, 2021, 07:18:24 PM
if all investors in cryptocurrency market was expert maybe we could see active immune system to prevent centralization from single man or country. Unfortunately we still need influencer to shill and spread about crypto project. they give huge impact to market volatility , especially if come from billionare. cryptocurrency market  truely not centralized since its easy to manipulate by whales, if decentralized system every person have their own stand and independence from any fud.
Unfortunately, newbies will always invest into whatever the influencers say and in the crypto world Elon Musk became one of the biggest crypto investors of all time, dude managed to manipulate the market so much that some useless coin like doge ended up going nearly 30x in few months, it wasn't even high during 2020, it is purely 2021 that we saw doge going up so much and without any reason at all as well.

This is not something he was capable of doing all by himself, a lot of people had to trust and believe him whenever he said something in order to have that kind of power which means others gave him that power via using their money according to whatever he says. I understand that it is hard to understand why would anyone invest into doge just because he said it, makes zero sense, but there were way too many people that did it and I do not see how we can become immune to it since it is already something very silly.
780  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Are the bulls back? on: July 24, 2021, 06:19:45 PM
I think for now it is better to use the opportunity to buy potential altcoins, rather than think about when the Bulls will return, judging by the sales statistics, if there is a very large buying demand, it is certain that in the near future the market will increase again, hopefully these statistics can  implemented in crypto, so we can see Bulls coming back,
The market is going sideways and that should be the buying opportunity for those people that have been waiting for it to drop. And talking about the bull run, it will eventually be back. It's for sure but we've got no idea when it will come accurately. But as long as you know the behavior of the market, correction after a bull run and this cycle is going to keep on going until each of them happen. If the bulls are back, we'll see it happening and those who haven't bought when it's entirely cheap will feel bad to themselves that they should made the right decision.
That "eventually" is the most important part of your message that nobody understands. You are right that it will eventually be back and with the next bull we are going to see bitcoin break over 100k very easily, maybe even 200k, anyone who says it is impossible or not going to happen do not know how bitcoin moves, we were at around 4-6k range just last spring and in a year we moved from there to 64k, if you told people it will be 60k back then they would still it is impossible as well but we have seen how possible it was.

Same will happen in a few years, we are going to see it 100k+ and even 200k+ and all the other coins going up like that, and with the next altseason we are going to see it go up a whole lot as well, we will see ethereum at 10-20k easily, bnb at 5k and so forth. All we have to do is wait for it to happen, because it will "eventually" happen.
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