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801  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 19, 2023, 02:39:43 AM
The fact that gambling is involved, I don’t think he can be trusted when it comes to money matters. Although it’s okay if he will really use the money for good purposes, but when it comes to gambling using borrowed money, then never expect that he will still be able to repay you or even pay a portion of it.

However, I have never experienced financing a gambler ever since. And if it’s going to happen in the future, for sure I will never ride with it. I am a regular gambler so I know eventually the winning rate vs the losing rate. And most of the time, gamblers often lose so while the house is always the winner.

I definitely think that when it comes to gambling and lending money we shouldn't trust our friend who asks us to finance them because even if this person is our very close friend, we don't know or cannot predict whether they will be able to repay their debt if they loses that money. If this person is going to cover his/her personal expenses in exchange for borrowed money they will most likely pay the debt at as soon as possible but there is no guarantee that they will pay back if they loses money in gambling.

I have never encountered a situation where a person asked me to finance their gambling but I have had friends to whom I lent money for their personal expenses. If any of my friends asks me to finance them gambling in the future I think I will definitely not accept this offer because as someone who gambles frequently I know that the gambler side always loses money. As you said ''house is always the winner.''

That's absolutely right. The fact that they're already borrowing money indicates that they've lost the funds intended for gambling. They borrow in the hopes of recovering their losses, but if they lose again, it's highly likely that the debts won't be repaid, and friendships can be strained or even broken. If it's for emergencies, like family matters or survival in tough situations, personally, I wouldn't hesitate to help. But when it comes to entertainment, like gambling, that's a big no for me.
802  Bitcoin / Bitcoin Discussion / Re: Wow! US Gov among largest Bitcoin hodlers with over $5B in BTC - and Tim Draper? on: October 19, 2023, 02:25:15 AM
Quote
The United States government has become one of the largest Bitcoin BTC $28,368 holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.

According to a data analysis based on public filings, crypto firm 21.co estimated that the U.S. government still holds 194,188 BTC, estimated to be worth $5.3 billion. The firm noted in its analysis that these are “lower-bound estimations of the U.S. government holdings based on publicly available information.”
I don't surprise with how much bitcoin US have, because other big country like China have the same with US have, 194,000 BTC which they confiscated it from illegal activities such as exchange hacking, and etc. So, I think US do stupid think if want to sell all bitcoins they have on market. Because we don't know next, if the public doesn't have trust again with the dollar, that probably crash, and the dollar won't have value again. After the US government sold its BTC, the company and the government (china) will rule the economic world if Bitcoin becomes a currency that replaces fiat.

https://www.binance.com/en/feed/post/1198419

That would be a remarkable turn of events if it were to happen worldwide, where FIAT currency collapses, and Bitcoin reigns supreme. It's not impossible, but it's unlikely because no country would willingly adopt something they can't control. We're well aware of how corrupt some nations can be, even if they may appear progressive, so I have my doubts.

As for the Bitcoin they are holding, it does seem a bit odd to hold onto it since it was confiscated from illegal activities. In a typical scenario, it should be destroyed, but unlike illegal drugs and weapons that can be disposed of, Bitcoin is a digital asset. Therefore, they've chosen to monetize it and consider it as income. Since they've publicized the amount of Bitcoin they've confiscated, the public will indeed be keeping an eye on it, and they might not have many options other than selling it to exchanges.
803  Bitcoin / Bitcoin Discussion / Re: Wow! US Gov among largest Bitcoin hodlers with over $5B in BTC - and Tim Draper? on: October 18, 2023, 03:19:36 PM
@Distinctin, aren't you fed up with the bad and fake stories that come from that site?
I know they have an issue of fake news but I did some confirmation of this particular report and it seems like it's also reported in another news outlet.

https://www.forbes.com/sites/michaeldelcastillo/2023/06/16/us-government-owns-way-more-bitcoin-than-any-other-countryso-why-arent-they-selling-it/?sh=50bf978f1f32
Quote
Washington owns more than $5 billion worth of seized bitcoin and has been reluctant to part with it. That may represent inertia more than strategy.

So it's safe to assume that such information is true.


It seems to me that someone has spread this kind of news right now because they want to create panic when the price rises, and there is no solid evidence that the US government has even 10% of the amount that is being speculated about. Even if by some chance it is true, I don't see a problem with that, Satoshi made Bitcoin for everyone, including the US government.
I'm not sure if there's a specific website to verify the accuracy of the statement, but since it's in the news, I assume they wouldn't report it without a basis. Otherwise, it could damage their reputation. There's one site called the "US Government Seized Bitcoin Sales Tracker." Maybe you can check it out and see for yourself.

https://jlopp.github.io/us-marshals-bitcoin-auctions/


Quote
US Government Seized Bitcoin Sales Tracker
Auction Date   BTC Sold   USD Acquired   News Article
27-06-2014   29,657   $18,740,000   Tim Draper Wins First Bitcoin Batch
04-12-2014   50,000   $19,000,000   US Marshals Complete Second Auction
01-03-2015   50,000   $13,500,000   US Marshals March Auction
05-11-2015   44,341   $14,600,000   Final Silk Road Auction
22-08-2016   2,719   $1,600,000   US Marshals announce $1.6M Auction
22-01-2018   3,813   $42,000,000   US Marshals Announcement
05-11-2018   660   $4,000,000   US Marshals set to Auction bitcoins worth $4M
01-02-2020   4,040   $38,000,000   US Marshals Announcement
03-17-2021   0.7501   $53,104   GSA Auction
07-01-2021   500   $19,200,000   Ohio DOJ Auction
03-14-2023   9,861   $215,000,000   Coinbase Sale of BTC seized from Silk Road hacker
TBD   96,000   TBD   Seizure News
TBD   69,370   TBD   Seizure News
TBD   41,819
(51,680 − 9,861)   TBD   Seizure News




In July 2014: $600 x 30,000 BTC = $18,000,000
In October 2023: $28,000 x 30,000 BTC = $840,000,000

Based on these numbers, it's safe to say he made a huge amount of money from that purchase, potentially even hitting the $1 billion mark if he sold during the last bull run when Bitcoin hit $60,000.


In case you did a little research and effort, you would have found out that Tim Draper invested the purchased BTC shortly after he bought it. This means that he did not make a direct profit from it, but it is possible that he earned even more through the investment he made.

In the post authored by Vaurum CEO Avish Bhama, the company announced that Draper intends to partner with Vaurum to use the roughly 30,000 BTC to provide bitcoin liquidity in emerging markets.
Draper said:
"With the help of Vaurum and this newly purchased bitcoin, we expect to be able to create new services that can provide liquidity and confidence to markets that have been hamstrung by weak currencies."

The news didn't state that he invested the amount directly after the purchase. It was clearly mentioned that he "intends" to partner with Vaurum, which means there hasn't been an investment yet. But regardless of whether the investment pushed through or not, what was invested is Bitcoin. If the business succeeds, he'll grow his Bitcoin holdings and increase their value in the long run. So, my initial calculation might actually be quite understated.
804  Bitcoin / Bitcoin Discussion / Re: Wow! US Gov among largest Bitcoin hodlers with over $5B in BTC - and Tim Draper? on: October 18, 2023, 02:14:16 PM
I wonder when they will sell the bitcoins that were seized from chipMixer. Thousands of bitcoins were seized on March 15 and we have not heard any news from them. Such influence will give the United States leverage, as they can classify some currencies as bad because of their connection to some activities, confiscate them and sell them again to make them clean.
I read before about a person who bought Bitcoin from an auction in which coins confiscated from one of the mixers were sold at a price lower than the price of Bitcoin at that time.

That's precisely 1909.4 BTC in total. However, it's not just the USA that has seized the total amount; the government of Germany has also joined the party. It's likely that it was already included in the total amount of Bitcoin they are currently holding, and, just like other bitcoins they've sold on an exchange, the same thing would happen to this batch. It seems like an auction might not be needed anymore, as there are reports that they've sold some of the bitcoins to Coinbase.

https://www.coindesk.com/policy/2023/03/15/germany-and-us-seize-over-46m-crypto-tied-to-chipmixer-investigation-europol/
Quote
The authorities took down the platform's infrastructure, seizing four servers, 7 terabytes of data and 1909.4 bitcoins (BTC) ($47.7 million), Europol said on Wednesday.

Just recently this year  ;
U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
805  Bitcoin / Bitcoin Discussion / Wow! US Gov among largest Bitcoin hodlers with over $5B in BTC - and Tim Draper? on: October 18, 2023, 02:04:27 AM
https://cointelegraph.com/news/bitcoin-us-government-largest-bitcoin-hodlers-5b-in-btc-report
Quote
The United States government has become one of the largest Bitcoin BTC $28,368 holders, with over 200,000 BTC worth more than $5 billion despite selling a few thousand BTC worth millions earlier this year.

According to a data analysis based on public filings, crypto firm 21.co estimated that the U.S. government still holds 194,188 BTC, estimated to be worth $5.3 billion. The firm noted in its analysis that these are “lower-bound estimations of the U.S. government holdings based on publicly available information.”

So, based on the news, all the Bitcoins they have now come from seizures of illegal activities involving certain individuals or companies. This includes funds from hacked accounts, especially linked to the Bitfinex hack and Silk Road.

There's still more Bitcoin in the balance, as mentioned in the news, so it's likely the government will schedule another auction or maybe just sell it to an exchange once they get the necessary approvals from the relevant government department. There's no fixed time for when they'll do this, but it might have an impact on the market. However, since similar situations have occurred in the past, people might adjust and not see it as a major sell-off. If it does affect the market, it might be a short-term thing.

What's really interesting is that massive Bitcoin auction back in 2014, specifically. As stated below.

Quote
The most notable government auction dates back to 2014, when billionaire Tim Draper bought 30,000 BTC from U.S. government auctions in 2014.


So, according to this article from July 2, 2014, Tim Draper made a significant purchase. I'm curious about how much he's made with Bitcoin's current price, so I made a simple computation. If we consider the price back then, around $600 per Bitcoin, and use data from CoinMarketCap:

In July 2014: $600 x 30,000 BTC = $18,000,000
In October 2023: $28,000 x 30,000 BTC = $840,000,000

Based on these numbers, it's safe to say he made a huge amount of money from that purchase, potentially even hitting the $1 billion mark if he sold during the last bull run when Bitcoin hit $60,000.
806  Economy / Gambling discussion / Re: A Nigerian Father Rejects Son's Gambling Win on: October 16, 2023, 02:45:11 PM
This is just stupid.

The father not appreciating what his son get and choose to reject it, a good parent need to appreciate with anything if his son give to him. The father can receive first and then remind his son for not gambling anymore, so the son will not feel bad and will change his view about gambling.

Although gambling is actually good if you know the reason you want to gamble.
You can't always be right, what is called right to you is totally wrong for some people, in this case I believe religion is playing a bigger part, this father must be strongly against gambling and a good parent derives to know where their children is getting their money, especially if the child is still underage or not very old enough, also we are limited on information here and I hate pretending as if I know what's really wrong, since it doesn't happen in my front I believe I am lacking on good information.

Maybe this father knew his son behaviour before he start gambling? The truth is always bitter, if your child's way is not very good for you there will always be some doubts on his every accomplishment, it's dangerous to side with your child when you are not sure of how they are making their money, it can be possible that this son isn't even making that money from gambling.

I must say this, religious people are most times blessed with bad children, spoilt brats comes from pastors home I know many in real life that turn into criminals and are into other illegal things, I am not here to judge anyone but I believe they might be more to this story than we know, if the father is here, many people will take their words and blind judgment back.
Religion is also what I think the reason why his father cannot accept the money won from gambling. He believes that everything in gambling is bad and has no room for goodness, that’s why even if the money is a huge amount, still his father chose to stand firm on his decision about gambling. So we cannot criticize why his father acted like that. We all have different beliefs and perspectives in life, and that one you think is right might be totally wrong for others.
807  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 16, 2023, 12:45:53 PM
In general, we see that people who don't have the opportunity to provide collateral for the loan, they request cannot get a loan from banks and similar financial institutions. This is the reason why they are asking for a loan from us. However, in such a situation I think that whenever possible, we should avoid lending or borrowing money from our close friends especially in order not to make debt collection difficult, not to increase the debt amount and not to negatively affect the friendship relationship.
It is a fact that many friendships end because of debt. As much as possible, I never give loans to friends because I don't know how to collect them later, especially if he is a gambler who will definitely never become rich and pay off debts, therefore I prefer I like to gamble alone in a special room for gambling so that no one knows I gamble except my wife.

I once received a short message from my friend that he wanted to borrow money because he lost a lot of money so he didn't have any more money to pay his house bills, whereas I know that he will definitely use the money to gamble again to recover his losses, don't try to feel bad for him. friend, because it's for his own good too, so that he doesn't depend on anyone and be in debt to anyone to gamble. Moreover, it is not recommended to gamble by going into debt, you should use unused money from work or business income.
The fact that gambling is involved, I don’t think he can be trusted when it comes to money matters. Although it’s okay if he will really use the money for good purposes, but when it comes to gambling using borrowed money, then never expect that he will still be able to repay you or even pay a portion of it.

However, I have never experienced financing a gambler ever since. And if it’s going to happen in the future, for sure I will never ride with it. I am a regular gambler so I know eventually the winning rate vs the losing rate. And most of the time, gamblers often lose so while the house is always the winner.
808  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: October 16, 2023, 10:17:25 AM
^^ Not sure what you mean by the style of Casimero, it is still the same, he loves to bang and throw those power punches. In short he still fell in love with that kind of strategy.

However, it's obvious that he can't bring his power from 118 to 122 lbs and Oguni proved to be a tough fighter and not just a tune up that maybe Casimero is expecting. And as what others have also seen, he has been exposed to he having no to poor stamina as he looks very tired from round 2.

In that case, he can't really convince them good offer to fight Inoue because he doesn't have anything to prove right now and he has nothing to put on the table. That kind of boxing style is just a suicide technique and he is used to that but this time he failed to calculate the weight of his opponent that's why at the same time, he also failed to win against him in the earlier rounds because Ouni is like a wall that cannot be broken.

Unfortunately, this is true, maybe he is not done yet in boxing, however, we all agree that his performance is very poor and not impressive and we didn't expect the fight to end in a technical draw. And again, he is very tired already from round 2, even his supporters and bashers alike in social media pointed this out already. And we can only speculate what kind of training he did in the Philippines or if he just arrived late in Japan and did not adjust well. Hopefully he can bounce back, but we still need to see how will be his next opponent is, could be another Japanese again because his current promoter is a Japanese.

I heard his interview regarding his fight, and it seems like he still did not admit that he lacks stamina, or maybe he admitted it but not directly. What he said is that he didn't have the motivation to train because Inoue wasn't his opponent. In short, he underestimated his opponent, leading to his poor performance in that fight. I don't know if that was just an excuse, but if he was telling the truth, then I think he is quite arrogant, thinking his opponent is not on his level. Maybe he should change his approach. It's okay to talk trash against opponents, but he needs to make sure he also shows some impressive wins against his opponents.

I also saw a Facebook post that when he signed with his new promoter, he was promised fights against Inoue, Donaire, and Nery. However, what happened is he fought lower-level fighters like Ryo Akaho, Fillipus Nghitumbwa, and Yukinori Oguni, none of which he won impressively.
809  Economy / Gambling discussion / Re: 2023 NBA Season on: October 16, 2023, 09:50:57 AM
Lillard finally made his debut with the Bucks. They defeated the Lakers on the road by 11 points (108-97) for the Bucks. He played only 22 minutes and 23 seconds, but his production wasn't that impressive, with a 3-10 shooting performance for the whole game, which is not what we were expecting. I guess he is still adjusting to his new team, or maybe he hasn't taken it too seriously since it's just the preseason.

But there is some positive news from the team; the points are well-distributed, which means the ball movement is on point.

Lopez    11
Antetokounmpo 16
Payne 12
Connaughton   12
Portis 10

Good numbers for these players, but the Lakers aren't playing with a complete lineup; they miss their leader, LeBron, so it's somewhat expected that the Bucks will win. Lillard has a lot of blending to do with the team, but the good thing is that he was traded before the season started, which gives them more time to build that necessary chemistry. So, let's stay optimistic.  Smiley

Yeah, this is the pre-season so players can just chill. Lebron and Middleton didn't play. The Bucks also let Thanasis Antetokounmpo and Ruben Lopez play. The stars didn't play long as Giannis and AD exited early. It's only Lillard who played over 20 minutes. Probably to test how he feels and acclimatize with his teammates. Lillard had a bad 3-point shooting last night hence the 3/10

I have a feeling that the Bucks are experimenting by starting Malik Beasley rather than Pat Connaughton. Nonetheless, I believe the Bucks will do well this season. They have Lillard and their bench remained strong. Cameron Payne is another good addition to the line-up.
 

All they need to do is stay healthy. I would say they are already packed with superstars, so there's no reason they'll fail in the playoffs or have an early exit. This team, with Lillard now, is already a championship contender, probably the best in the East. They could even beat the Celtics, who I still consider one of the best.

Lillard may have a similar role with the Bucks, playing the point guard position, but it's very different here. His teammates are dominant in the paint and excel in defense compared to the Blazers, whose weakness was defense. That's one of the reasons why they sometimes exited the playoffs early, even during the time of CJ and Dame, who were one of the best backcourt duos. But now, it's not just one superstar playing with Dame; there's more than one, and I would consider Middleton a superstar too, given the massive contract he earned with the team.
810  Economy / Gambling discussion / Re: [Boxing] Casimero vs Oguni - October 12 on: October 16, 2023, 07:15:30 AM
Yes, and Tapales already gave a warning to Inoue already, ‘I’ll be your biggest nightmare’.


Tapales is trying to be like Casimero. The guy has some confidence to say to Inoue that he is his biggest nightmare. He can say anything he wants, but I'm hoping he'll back it up with his performance. I don't want to see a boxer who's no different from Inoue's past opponents, who were afraid to engage and fought just to survive.

Quote
So let's see what's next for Casimero and how his Japanese promoter will do to his career because it's not really moving forward in the super bantamweight division.

The outcome of the fight doesn't benefit him. It ended in a DRAW, but it's not just the outcome that concerns us; it's how he handled the fight and how he appeared to gas out early. It's not a good sign for him, and I think Inoue could decline his challenge, saying he's not on his level.

I wouldn't say Tapales is trying to be Casimero or what. We haven't seen him being brandish in the ring or something, perhaps he just want to show that he is confident in his abilities and not afraid of the Monster.

And this is what I have been saying about Casimero: https://www.youtube.com/watch?v=wL_f0RZGeiQ

He might end up with nothing if he stops fighting because he just give his money away and this the problem not just with Casimero. All other boxers in the past lost their money this way. Didn't save some for them and in the end, all those that they help disappear.



Pacman has been giving money to the poor, and I don't think that would significantly affect Casimero's finances. He is earning a substantial amount of money as a popular boxer, and it would be unwise for him to give away everything he has; of course, he can only afford to lose a certain amount.

Casimero is not done, I can assure you. Once the fight between Inoue vs. Tapales takes place and Inoue emerges as the winner, the discussions will likely focus on Casimero, Nery, and Inoue if he chooses to remain in the same division.

So, let's not overreact; giving money would not make a boxer poor. In fact, one of the major reasons I know that makes them poor is gambling and other vices.
811  Other / Beginners & Help / Re: YouTuber's hype video is not good advice on: October 15, 2023, 09:56:59 PM
Certainly not a good advice. Know that they are not here to actually help us, but to help themselves and attract profits for their own. And if we think that they are educating us, no they’re not responsible to educate us, but they should be educating theirselves so it will be easier for them to attract and lure us whenever they need us to pay for subscriptions that at the end of the day, they are only the ones who are benefiting. YouTube could be a learning avenue for some, but unfortunately a lot of people here in YouTube are not seeing that way, because they are using it just to scam us and steal funds from us.
812  Economy / Trading Discussion / Re: Know When to Stop. Lesson for Everyone, Particularly Investors on: October 15, 2023, 09:25:16 PM
If you ever catch yourself hurrying to make a trade – Pause.
One reason why traders hurry to place trades is because some may have set targets for themselves. They have set target of profit that they hope to make so they are always in the market to try to make profit off from it. So from trying to always make profit from the market, they sometimes may be under hurry to make  a hurried trade. Setting financial targets can be beneficial, but care should be taken not to put yourself under pressure that can lead to making hurried decisions, hurried decisions usually end up the wrong choices.
They may be setting financial targets or they are just too greedy to earn quick profits from trading, even if the market do not favor their trades. This is the reason why a lot will fail in trading because they only focus on their targets and goals, but not recognizing that the market has its own perfect time too when to trade. And once pressure hits them, then that would lead to unfavorable decision that will eventually make their trades unsuccessful.
813  Bitcoin / Bitcoin Discussion / Re: If only property I have is bitcoin on: October 14, 2023, 03:23:43 PM
There’s no point of showing to your family your seed phrase if you will not teach them about bitcoin and how to keep them safe and secured. You need to orient them about bitcoin and make them understand about it, as well as teaching them how to store your bitcoin in a safe storage so that it will be free from hacking or stealing. Once you have shared everything to your family all about bitcoin, then you will never worry on your bitcoin investment if ever you’re not around anymore since you can trust your family to continue what you have started. But if they chose to sell it anyway, I guess when that time comes you can never control their decision already.
814  Economy / Gambling discussion / Re: 2023 NBA Season on: October 14, 2023, 03:08:31 AM
You know, some teams excel in the preseason but face significant challenges when the regular season begins.

That's a common occurrence because what we witness in the preseason doesn't always mirror what happens in the regular season. During the regular season, star players are anticipated to log their typical minutes, but in the preseason, they may opt to sit out or play with restricted minutes. Personally, I view the preseason as more akin to exhibition games; the true competition commences in the regular season.
815  Economy / Gambling discussion / Re: Who among you here is gambling at work? on: October 14, 2023, 02:30:29 AM
Me!!! I'm the guilty one.  Smiley

Well, when it comes to my job's effectiveness, I don't think it's taken a major hit. Gambling for me is just a bit of light-hearted fun, and it doesn't really mess with my work. Actually, I've even been showing my colleagues the ropes on online gambling, and they've been getting into it too. It's become a bit of a group thing – you know, the more, the merrier.

Now, I'll admit, when it comes to eating up the company's time and resources, I'm a bit guilty on that front. But if we're talking about a negative impact on my work, not really – at least, not yet.
816  Other / Beginners & Help / Re: Newbie Don't be afraid of buying Bitcoin on: October 13, 2023, 09:58:04 PM
There’s no point of bitcoin investing if you are afraid to buy bitcoin in the first place. Bitcoin is a secured and long term investment, so if you plan to accumulate more bitcoin, then buy bitcoin when the price is low or through DCA, but never resort into thinking that you should fear buying bitcoin because if it’s highly volatile price. Know that it’s volatility is the reason why these people get successful profits from bitcoin. If there’s no volatility, then expect that bitcoin price will never increase and surge high, instead it will only stay at its fixed and boring price.
817  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: October 13, 2023, 09:22:16 PM
How did this unemployed person got addicted to gambling in the first place?

Cross Addiction can be one therapy. This thread came up yesterday which seems a good alternative to battle addiction which is to divert the addiction to another addictive game. Somehow it could be a solution for a while in order for the addict to divert its attention to somewhere else. He could be battling this addiction soon but at least this will be another topic. PS4 is not so bad though. Somehow addicted to PS4 games is acceptable.


It’s hard to believe that a gambler without a source of income can even fall into gambling addiction, right?

Well, cross addiction does not just only refer to gambling games, or any online games, but you can also pour out your addiction into arts, music or any other productive activity. Once you get addicted on it, for sure your gambling addiction will slowly be controlled since you have diverted your time into some other activity. But I guess this is not as easy as it is. People with gambling addiction are mostly self- centered and are just focus on their greed. They will do everything to find ways to gamble no matter how difficult the situation is.
818  Economy / Gambling discussion / Re: [Boxing] Casimero vs Oguni - October 12 on: October 13, 2023, 11:35:44 AM
The worst thing about this fight for Casimero he is getting hurt by punches from a guy who is not known to be a knockout artist and has a low knockout percentage, unless he shows something in his next fight, I'm afraid Casimero's career will be over in a couple of years.

Yeah, he was exposed big time. Casimero lacks the stamina of a true champion. He just relied on that one big punch that might not land as Oguni was also intelligent and he countered every punch that Casimero threw. If no changes on the trainer and conditioning coach/nutritionist then i agree with you that Quadro Alas' career will be over in a couple of years. That kind of performance was B level and he will just last 3 or 4 rounds if his opponent is Inoue.
I saw lots of haymaker punches from Casimero like he was trying to get a lucky punch that would end the fight, that's not how boxing works, he also lacks the basics. I think he is too impatient about winning and climbing the ranks to get his shot against Inoue but he doesn't notice that by doing this he is just making the gap longer.
After watching him against the Japanese Oguni I didn't see good boxing and I bet many Filipino boxing fans would feel the same. He is forcing a knockout but he ain't that young Casimero anymore. He should think about taking it slow and using his experience as his main weapon instead of fighting like a 25 year old boxer with lots of stamina reserved, he ain't that guy anymore.
In round 2, I saw him resting and breathing heavily from his mouth, which is why I have round 2 to Oguni because he took advantage of that and let his punches fly all over Casimero.

I'm with you on that one; I'm not quite sure what he was thinking either. Maybe he felt the pressure to secure a KO victory. People had their doubts after his last fight where he didn't end up with a KO win, so this time, right from the first round, he was super aggressive, all out for that knockout. It's possible he underestimated Oguni and wanted to prove to the fans that he's ready to take on their biggest champion, Inoue.

It's important that he hasn't suffered a loss since, and a draw is certainly better than a loss. But that result is indeed quite controversial. I think the boxing organization should investigate it further, as it wasn't entirely clear whether it was the headbutt that caused the cut or Casimero's powerful punches.
819  Bitcoin / Bitcoin Discussion / Re: Knowledge vs hodlings on: October 13, 2023, 07:27:31 AM
I feel like this is the most important one, especially for beginners like me that still don’t have much knowledge about it, so for my little understanding, understanding bitcoin is supposed to be the first thing to do as it will be one to guide you on every step you want to take on your investment journey in both security and everything else, so you can see that after you have learned all these things, the next thing you will think of is to hold bitcoin as much as you can afford to lose because you will confidently store it in a safer wallet.
They say Ignorance is not an excuse, if one fails to have this inquisitive to learn he is completely prompt to fail and experience certain consequences which learning could have saved him from.

Sometimes people think the idea of holding Bitcoin is as simple as ABC... Do you know most persons lack patience, do you also know the intentions of some people is just for them to get little profit on top of there investment because they fear for the way Bitcoin is volatile. Where else knowledge is not enconcated into them they panick and sell, that is where knowledge is lacked because they failed to learn

We must acquire knowledge about Bitcoin to invest. Because only when knowledge about investment is gained we can use it in the work of holding. People are lazy that's why they face loss today because their motive is to earn profit. Investors become reluctant to sell when little profit is earned, as they have not acquired the appropriate knowledge. Due to which even after investing they cannot sell at the right time due to which holding is not suitable for them. So I think one should learn risk taking by gathering proper knowledge and using DCA method strategy with patience and holding for long term.



Knowledge comes first, and everything else falls into place. It's the combination of the mind and emotions that handle these two aspects. Knowledge is all about the mind, and HODLing is a game of emotion. Both are crucial to control, but knowledge takes the top spot because it guides you in making the right decisions.

It's a breeze to say 'HODL,' especially when the market's on a bull run. But when the market corrects, as we've seen countless times, that's when panic sets in because we lack the knowledge.

When you've got a good grip on both these vital factors, it's pretty much guaranteed that you'll make the right call every time. Your emotions won't bother you since you're rooted in your game plan, and you can savor success once you reach your goals.
820  Bitcoin / Bitcoin Discussion / Re: Are We Need Satoshi? on: October 13, 2023, 06:51:11 AM
Haha, are we talking about another Craig Steven Wright here? LOL!

Honestly, I don't think it's necessary for him to reveal his true identity. What would it even change in the market? He'd have to go through a lot of proofing, and it might just land him in hot water. Plus, his life would be at risk since he's supposedly holding the most bitcoins. As for the rumors about Satoshi being revealed, they seem pretty baseless, so let's not get too carried away with that speculation.
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