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May 23, 2024, 07:14:33 AM *
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81  Economy / Gambling discussion / Re: 2022–23 PBA Commissioner's Cup on: May 05, 2024, 04:42:03 AM
I read a headline that tells about Converge gonna draft Kai Sotto to their team if ever he wants to play on PBA. But his manager retaliates and said that even he'll be offered twenty million pesos, he's not going to accept it because they're going to push further to his journey to international leagues and get close at least to NBA dream of his. They're still going to try no matter what happens just for the sake of the dream of Kai to play there and that's a wise answer.

They are in the position to deny that offer as Kai Sotto's career has been progressing. Big man like him is in demand, and he is still young and could still develop his skills. I don't understand, 20 million? For real?
That's just a given figure and example by the manager. I doubt it that Converge will give him that salary for his entire contract per season. That's a lot of money to be honest and no team except MVP and SMC could give that to their best players.
20 million per season, that seemed too low for him considering his status now. I mean he can earned more than that abroad, and when Kai will play in the PBA, will they promise to increase the contract? I doubt that, so while they could offer that amount, but we are looking of his future here and he will not grow like that in the PBA.

the PBA is dying and people are not watching it anymore, where will they get that 20 million salary?
I've seen the raffle that they've given, well that's a nice pack of bread to the winners through their page. But sure, the league is dying and don't be serious about the given figure because the manager said that even if they'll pay Kai with that amount, they won't go to PBA.

They won't go because they probably think Converge are not serious with that offer. And also, does it guarantee they'll become a championship team once Kai join them? NO.
82  Economy / Economics / Re: Take care of your money and learn to save. on: May 04, 2024, 11:59:11 PM

people who criticize are always the ones who haven't achieved more than you have. It's always that way when you have money, they come forward and be on your side but when you have nothing, you are set aside and even discredits your achievements.

it's best to just keep silent when you have money and never show them your success. not everyone on your side is your friend. sometimes they are just waiting for your failures.
People can be deceiving, sometimes they can be drawn close to you, or they can be cruel on you. If they know you have money, they will treat you as their significant friend, but if you have none, they’ll never be coming next to you. That’s how relevant money these days, to the extent of managing your money wisely so you won’t be taken advantage of and won’t gain fake friends.

Just how fast you got money, that’s how fast as well you gain friends, but when all you have is only yourself without money, you’ll turn into being insignificant for them immediately. So use your money for your own good, not for the other people’s sake.
83  Economy / Trading Discussion / Re: Lack of capital or knowledge, which one is holding traders back from profits? on: May 04, 2024, 11:39:56 PM
Obviously, lack of knowledge. You can have $1M in capital and still blow off your account if you do not know a clear strategy on how to make profits over time. Profits should be looked at from a percentage gain perspective rather than from how much is in an account.

If you lack capital, then what is the point of trading?
Yes, I believe it’s more on the lack of knowledge that could hinder an aspiring trader to pursue his trading goal. Without gaining even the basics in trading, there’s no way that a trader will successfully work out his trades but most probably will suffer from consistent losses and mistakes acquired while in trading. Also, having lack of capital is another barrier when pursuing trading. You can’t start a trade unless you’re financially capable enough, that’s why a lot of poor traders have been quitting because they find it hard to seek funds for another trade once they have lost the first trade.
84  Bitcoin / Bitcoin Discussion / Re: The reason why you shouldn't force someone to invest in bitcoin. on: May 04, 2024, 10:59:05 PM
The reason why you shouldn't force someone to invest in bitcoin?
Did you think is good to force someone to invest in bitcoin?
What is the disadvantage of forcing someone to invest in bitcoin?
Did you really think the person is ready to bare the risk that is involve?

What are your opinions towards this particular topic?
First and foremost, bitcoin is a highly risky investment despite of the known fact that it could put a lot of profits into your table. Hence, one should not be forced to invest in it most especially if he’s not knowledgeable and has no prior experience investing in any volatile investment. And one should not be forced only because there are good number of bitcoin investors who end up getting rich in the process.

Know that everyone of us has our own skills and interests in life. And one who works for others might not be possible to work for you as well. So always consider if the person is willing and interested to learn and invest, otherwise all your efforts on helping him and motivating him to invest will only go into waste. It’s still more advisable to let the person decide on his own which investment he’ll be more likely to invest conveniently and confidently. That way, no one will be held responsible if ever he will commit mistakes and losses in the future.
85  Economy / Gambling discussion / Re: Why do casinos require users to verify their identity through a KYC policy? on: May 04, 2024, 10:31:22 PM
I think it all boils down to the aspect of cheating, as it avoids abuse of casino account.

Government regulations is also another problem that made these casinos to make KYC compulsory. This is because the government needs the identity of everyone using their casino in record for easy tracking down of users. If they don't accept to that, the government will not give them license to operate legally. I could remember initially when these online casino started, most of them were KYC free but as time goes by they started asking for KYC.
Cheating is strictly prohibited in all casinos, as it could ruin the reputation of a certain casino, and as an effect, will also leave a negative impact on the cheater itself that may lead being banned to all regulated casinos. This is why KYC verification has been made compulsory, in order to protect the casino out from all forms of cheating, and to protect the gamblers inside the casino not to be cheated or experienced the cheating scenarios. With this, although KYC is somewhat breaking our anonymity, but we all know it’s all done also not just for the safety of the casino itself but as well as to the gamblers themselves.
86  Economy / Gambling discussion / Re: Sports betting for reality not club affection on: May 04, 2024, 09:53:34 PM
I can be a fan of a club and decide to bet that the club would win. Some people are betting with small amount of money and they will not consider losing it. People can be different. I am not the type, I bet with the money I can afford to lose but I still wish to win. I do not bet because I am a fan of a club and expecting the club to win. I do not even have any club to be a fan of. I prefer analyses and go for the club or team that has the most probability of winning.
Betting for a club affection is another story. You are betting to increase your chances of winning and not to support your favorite team. Although majority still bet on their favorite teams, but if you are seeing them most likely to fail in their present game, then why risk your funds betting on them when you know that they’ll be losing in the end. Know your ultimate goal why you are gambling, with that you will be aware what’s going to prioritize, your feeling or affection towards them, or the profits you will gain when you bet on the highly winning team.
87  Economy / Gambling discussion / Re: Which device do you prefer for gambling ? on: May 04, 2024, 03:32:33 PM
Desktop and laptop are both computers. No need of differentiating them into category. Refer to them as PC.

I do not have a tablet. I wish to have one but I did not have because I have laptop and phone which are enough. But gambling will be very good on tablets just like PC.

I gamble more on phone because my phone is always with me than my laptop. But laptop is better. Phones are excellent also actually.

I think your phone would be enough. The interface between the phone and a tablet is almost the same. I didn't have a tablet, not even once, but I somehow enjoyed gambling over my phone, simply because it is more accessible than an oversized tablet.
I am not a regular gambler now, but I gamble over my laptop and my phone, but then again, the phone could be more convenient than a mobile phone especially when you are outside of your comfort zone.
Well, majority still prefer to gamble on their mobile phones. But as for me, I do use both laptop and phone for gambling. When I’m just at home, seeing my games in a much bigger screen like laptop would be a lot better. But if I’m away, as long as I have a good internet connection, I certainly use my mobile phone when gambling since it’s handy and more convenient to use.

Each of us has our own preference on what device to gamble. Some may enjoy using their own mobile phone, while others find it more comfortable and exciting using laptop regardless of the location. But what matter the most is not actually the device, but it’s on how you manage your gambling urge that will help you to gamble responsibly.
88  Economy / Gambling discussion / Re: Do you care about what people say about you gambling? on: May 04, 2024, 02:42:07 PM
One thing to say with those people that are trying to distract us while we do our own thing, mind their own business.

I don't care a thing they say, am I gambling with their money? am I using their time? No, they don't and that's why I don't care about them and whatever they say upon looking at my activities whether on my laptop or smartphone.

We've got our own lives to deal with and it's too short to be thinking of the welfare of other's activities.
Let’s just accept the reality that we can’t please everyone, and that we don’t have the control to what they want to say. Gambling can be a bad thing, but only for those who can’t manage their gambling urge and turn into irresponsible gamblers. However, for those who are good and responsible one, then there’s no way they’ll care whatever people will say.

I used to get affected with how others comprehend about gambling, but I realized this is what makes me entertained and sometimes makes me profitable, so I’m actually benefiting from it. I will continue gambling as long as I want, and as long as I’m using my own spare money. My money, my rules, and since they don’t contribute any goodness in my life, then they’re free to leave me on my own way and mind their own business.
89  Economy / Gambling discussion / Re: Streamers using demo account on: May 03, 2024, 11:32:05 PM
Lets say it is real that some streamers are using demo account and enhanced RTP, I say that it is not something wrong as long as the streamers are telling the truth.
It can be an problem if the streamers say that they are using real money while they are using demo account, it means they are liars.
However no matter they are using real account or demo account, we as viewers should take them as entertainment only.
We should not be attracted to do the same as what they do as what they do is just advertisement and they do it as a job.
Couldn’t agree more. Whether they are using real account or demo account, still we don’t have the hold onto that. They are just doing their own job, and it’s not for us to tell them what to do. So the best solution to this is not to take their streaming too serious. Remember, gambling is supposed to be a game, not a guarantee to earn a living. If you fall on their trap, that’s already your problem, and that they are not to be blamed when it happens.
90  Economy / Trading Discussion / Re: Before Trading Bitcoin you should... on: May 03, 2024, 10:59:38 PM
Before you decide to trade bitcoin, know that you’ll lose a lot  first before you’ll be able to succeed. Trading is never easy but majority still find it hard and risky so it’s not surprising to see a lot of traders losing than gaining profits. That’s why get a decent job first before you decide to enter trading as you can never guarantee making big money out from trading. And also, never trade using your hard-earned money, otherwise you’ll end up losing them all and regret in the end, knowing you’re still not good in managing your emotions that makes the best enemy in trading.
91  Bitcoin / Bitcoin Discussion / Re: Do we really need to blame fraudsters on: May 03, 2024, 10:43:34 PM
We don't really need to blame the fraudster, if you don't fall victim to them there's no way you're going to get scammed, that is why is not advisable for children who's at the age of 17 to start using the internet, reason is because they can easily get scammed.

What do you mean "not advisable"? These days, children have been using the internet since the age of 12, if not earlier. We can't do much about it, and imo we shouldn't. Preventing them using the internet is like pushing them back in the direction of the Stone Age. What we should do is educate our children regarding possible scams on the internet, and ask them to consult us first before following any suspicious links.

And don't keep your Bitcoin on the devices your kids use for browsing the internet, guys. For sure don't do that.


I guess preventing the children not to use the internet could result the other way, they will only be left ignorant with what is happening all over the world, and I don’t want for my child either to experience like that. All they need is our guidance and assistance so they won’t end up clicking those suspicious links that will scam them or hack their accounts.

Also, let’s just accept that scamming has become inevitable now. But if we can take some measures to lessen their existence, then we should do it. And I think getting the right education on how to secure our accounts and on how to secure our online investments could be very helpful most particularly for those who are still beginners.
92  Economy / Gambling discussion / Re: What will you do if you find yourself in a similar situation like this? on: May 03, 2024, 09:31:34 PM
If I get myself in the situation like OP has posted, the only thing that is left to do is to work. Pretty simple solution. Tell parents truth, apologies and dedicate next years of life working. There is no other way to solve this situation. When a person lost and owes money it does not mean that his life is over. It definitely going to change and be more complicated, but life continues. Find work, quit gambling, clear mind, focus on the goal (repay money lost) and dont try to search for quick solution. Those next years that are going to be spend in saving and limiting yourself in many things is a punishment.

Some people wouldn't have that kind of courage to make such confrontation to their parents on the wrong they have done, not everyone can have this kind of boldness in approaching them, the more we should be mindful on how we gambles, we are to always remember that gambling is what we needed money to do, but we shouldn't engahe on fund misappropriation for this purpose, as for me, I don't even think i can't manage to wait and see this day coming, not at all.
However, parents will always be parents that will accept the mistakes of their son and eventually get to trust on him again as long as he will avoid gambling anymore and will just focus on gaining a decent job until he gets to replace all the lost funds. Although this is very shameful for a gambler, but I think in the long run, parents won’t have to trust other people but only their sons or daughters.
93  Economy / Economics / Re: Future occurrencies that can increase bitcoin price. on: May 02, 2024, 11:57:34 PM
Nothing needs to happen really. Since bitcoin has limited supply and central banks will always print more FIAT, its price will increase in the long run no matter what happens. If you think a world war would drive crypto prices higher, I wouldn't be so sure. Probably the opposite will happen because crypto is a risk-on asset even though it is a better asset than FIAT. The biggest risk is the governments. If they decide to ban crypto, the price will tank to the oblivion. They are already in war with privacy and they are winning sadly. If they fight crypto, it doesn't look like they'll lose.
I believe that positive occurrences will certainly attract positive outcome. However, knowing the fact that even without this, bitcoin will still be moving forward even if it means a slight progress. And bitcoin price will still be following an upward position simply because bitcoin itself has a limited supply. And the more it gets a high demand due to limited supply, the higher the chances bitcoin price will end up with an excellent and exceptional price.
94  Bitcoin / Bitcoin Discussion / Re: Don't invest in Bitcoin because others are investing in Bitcoin on: May 02, 2024, 11:37:32 PM
...
We mostly have to make decisions based on our personal reasons, not due to the reasons of others. Even like investment decisions too. There are people who invested in bitcoins because others where investing, these people because of their lack of personal reason of investing turn out to be weak holders of bitcoins. When there is a personal reason for investing, you become a more dedicated holder who has something to remind themselves with whenever there is the temptation to sell off investment. A personal reason is self-motivating.
Yes, that’s way more challenging either on how to reach your goal throughout the process. Do not just follow what everyone is rushing to invest, majority of them are not actually aware of what they’re entering. But take time to make your research why you need to invest in bitcoin or even in other assets. With that, you will have clearer reason and motivation why you need to pursue bitcoin despite of having high risk.

And don’t be fooled by other people saying bitcoin is one’s way to get instant rich. Know that you will never be successful in any kind of investment in just a blink of an eye, everything should be succeeded by putting a lot of hard work and patience.
95  Economy / Trading Discussion / Re: In order to reach your target, don't rush! on: May 02, 2024, 10:47:59 PM
Traders often click the panic sell in desperation when they see price falling while one who is experienced will look it as an opportunity to make more profitable. We should be able to think clearly in high pressure situation for that we need clear vision of what we are trying to achieve.

To ease things for traders always choose the less risky trading method which is spot long term trading any other method is risky.
It’s normal to see traders get desperate and disappointed with how btc price moves since it’s hard for us to hide our emotions in situations like this. However, don’t get carried away with your emotions and reach the point of selling your coins. That will only waste your time and efforts when you are hodling, and would definitely make you lose from your investment.

Don’t rush in making profits but focus more on your goal why you are here in the first place. Everyone is affected with how bitcoin price drops drastically, but let’s just stop there and chose to be more patient while waiting for bitcoin to finally reach its new all time high.
96  Economy / Economics / Re: How safe is it to keep your money and gold underground? on: April 29, 2024, 03:47:59 PM
I remember in our country one guy who took a loan from his relatives to buy a jeep that he could use for his business unfortunately there was a fire in the neighborhood and he was not home when it happened only his pregnant wife and two kids the wife saves all their children but forgot the money that was kept in a bag.

Keeping money in your house is not safe, if there's a fire or a flood and there's a burglar breaks in you could lose your money, which is why today there are many treasure hunters because they believe that people in the olden days kept their fortune underground, and we have records of buried treasures that are found after so many years.

I can say it is safe to keep but you make sure that you remember it or no one knows, if you keep a map there's a possibility that it can be found by others if you lose the map and another drawback is if a building is erected on the place where you buried your fortune.
I would say it will only be safe if you actually own that piece of land so you have the full control on it. Otherwise, others will benefit it in the end and may lose all your investments. Also, if the location is not prone to flood or any other natural phenomena, then your hidden treasures will be safe enough. But make sure that you have someone that you also trusted that is aware of your hidden money and gold, so that when sudden loss or death will happen, at least that hidden money and gold will still be found by your family.
97  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: April 29, 2024, 03:14:21 PM
I am just curious why you need to request others to buy Bitcoin. Because you can buy Bitcoin yourself for any amount. It's not necessary to buy a full bitcoin. So you don't need to think about the 50/50 scheme when you intend to invest in Bitcoin. I assume you don't have enough proper knowledge about how Bitcoin works. So you need to study a bit more. I will advise you to spend more time on the forum and read as much as you can, especially related to Bitcoin technology. It's true that if you can't take a risk in crypto, you won't be a gainer at any point. Crypto isn't for panicky people.
Exactly. Anyone is free to invest even with a small amount at first, so you don’t need to find a partner for your investment. Invest on your own and invest on the amount you are comfortable to lose. That way, when bitcoin price suddenly goes on a price correction, either it’s going up or going down, at least you know for yourself that you won’t be selling at a loss but hold longer, and you don’t have to worry for others as your partner in your investment.

Now you are starting to regret seeing bitcoin price has surged high. But you know what, if you keep on missing bitcoin opportunities, you will keep regretting all the time. I guess you still have to learn a lot more about bitcoin and its highly unpredictable market. Do your own diligence to learn, and you will definitely be thanking yourself later on when you come to finally understand bitcoin and start investing on it at last.
98  Economy / Gambling discussion / Re: Use your winning responsibly on: April 29, 2024, 02:28:38 PM
I'm not sure if this is a good idea or not, but I'm sure it's a good idea and I'm not sure if it's a good idea or not, and I'm not sure if it's a good idea or not. So be wise in stopping and using your money if you have won to buy things that make you happy other than just gambling, such as vacations or whatever, like the OP who bought a TV, shoes, a vehicle or whatever it might be that you can feel, and I think that is a form of accountability in the use of money earned from gambling.

But I think for people who are greedy and addicted to gambling will still do the same thing, even if someone buys a car from the proceeds of gambling, they will definitely sell the car back and spend it on gambling, I often notice this kind of person in my neighborhood, precisely in my country.
True, this really happens even to some of my known friends. Yes, they gained big winnings from gambling and buy new properties, but after that they end up selling again because they have money shortage, and certainly because they also want to satisfy their gambling urge as they have vividly fall into gambling addiction.

Winning in gambling is probably not the ultimate goal, but most likely on how you will make use or take advantage with the huge amount so that your money won will end up worthwhile. But for addicted gamblers, this is easy to say but hard to do for them, as they will obviously chose to gamble again than to invest their money won into certain investments that would most likely give them passive income in the future.
99  Economy / Trading Discussion / Re: Invest To Learning First on: April 29, 2024, 01:55:06 PM
Well, all investments are associated with their own risk. But the good thing is, you can definitely lower their risk if you have high knowledge and experience on investing on a certain project or asset. Like bitcoin, the more knowledgeable you are and more exposed to crypto investments, the highly capable you’re going to succeed in the future.

Investing in your learning is like seeing guarantees for your investment. Yes, there are a lot of crypto community or groups that will help you achieve that, but just a reminder, do not rely all your learning on them. Know your potentials and do your own diligence to learn. It’s still a lot advantage if you have stocked knowledge at first and then just add them on with those learning that you can acquire outside or from any crypto community group.
100  Economy / Speculation / Re: As Bitcoin Prepare for more Bull, What's your Decision on: April 29, 2024, 01:05:22 PM
It's already clear what most of our decision s would be which is to hold, bitcoin is just in it's early stage of bull and we are still expecting a lot from it, the current price of 60k is just a sign that bitcoin would surpass it's ATH by a margin and set a new ATH record of about 150k, I'm saying this this cause we are still not less than 2 months into the bull earlier this January the price was still consolidating around 35k-40k now we are seeing an awesome 60k, anyone who bought around then should already have a doubling effect on his investment, and if you ask me the only way to prepare for more up is to buy even more bitcoin.
No doubts about it because doing DCA and hodling more bitcoin is the best option so we can make maximum advantage when bitcoin bull run comes. Although bitcoin’s future will never be certain, but we all know that bitcoin price is designed to appreciate in time, which is total opposite of fiat, that’s why if we can hold longer massive amount of bitcoin, that would probably guarantee excellent profits in the end.

However, it’ still highly crucial to only invest on the amount you can afford to lose. Bitcoin is highly volatile, and so we need to have stable funds first reserved for daily survival, in order to hold bitcoin as a long term investment without getting bothered of its price fluctuations or without sudden decision of selling it because we are in short of our daily budget.
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