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881  Other / Beginners & Help / Re: Bitcoin and get rich quick syndrome on: September 10, 2023, 06:52:20 PM
Bitcoin is just like any other investment that has no guarantees to succeed and won’t be making you profitable in the end. That’s the reality about bitcoin. However, hearing a lot of bitcoin testimonies from different walks of life, people will easily fall on the belief that bitcoin is another get rich quick scheme. Unless if they won’t experience losing instantly from bitcoin due to wrong information, then people will stick to how they have known bitcoin from the start.
882  Bitcoin / Bitcoin Discussion / Re: Crypto or Real estate on: September 10, 2023, 06:26:31 PM
Ideally, I would chose real estate over crypto investment because for me the profits are highly secured and much more stable than crypto profits. However, it requires a huge capital for someone to acquire a property and make some profits from it. The reason why I am working for it through investing in crypto first even with a small amount. Once I get to earn sufficient profits to buy real estate, then I will stick to my goal without leaving crypto investment on the side. I guess if I can have both of these investments, this will probably makes me experience more comfortable life and more stable finances of my own.
883  Economy / Trading Discussion / Re: Emotions dealing on: September 10, 2023, 05:37:45 PM
It seems easy to come up with a few tips needed to deal with trading emotions, but in reality it will not work completely. Using TP/SL might help, but unstable emotional control will destroy all strategies and not work as desired. Some activities aimed at avoiding emotions will not be carried out completely. It's just a diversion, but when we return to trading emotions will arise and it won't be good. One of the reasons why they have unstable emotions is because they don't have enough knowledge about trading and how to manage trades well.
Well said. Emotions are actually hard to control especially if you don’t highly understand what you are doing. Trading is all about making yourself profitable by taking some risk and overcoming them. And as long as you trade in order to chase for profits, emotions will always be present. For me, that’s normal. But the challenge to control your emotions is quite unusual simply because emotions are part of a human being, and trying to control it takes more of our skills and strategies to make it possible. While it’s quite easy for others to control their emotions because of their long trading experience, most of those who start to trade fail to control and end up seeing theirselves ultimately losing their funds.
884  Economy / Gambling discussion / Re: [Boxing]: Shakur Stevenson vs Frank Martin - tentative date 11/16 or 12/9 on: September 10, 2023, 01:11:57 PM
And I read that this is for the interim WBC title at 135 lbs? What gives? I mean they still have their regular champion in Haney so why the hell WBC have to put up another interim belt on the line? It doesn't make sense. All they have to do is wait for the result of this fight and whoever it is, then fight their regular champion, be the mandatory fighter for the belt held by Haney?

I guess corrupt WBC will have to give way again to Top Rank to have another champion in the line for them. In any case, this is a good fight as I have said before, but Shakur for me has the better skills and will win the fight.

The confusion is caused by the ridiculous amount of belts that the WBC hands out. They have the regular champion, franchise champion, champion in recess, and interim championship. The media is reporting that Shakur vs. Martin is for the interim belt but the WBC website states that it's for the vacant title which means that Haney is no longer champion. Shakur is already the mandatory but Haney has decided to move up in weight and fight Prograis instead. The other sanctioning bodies should follow suit and allow the top challengers to fight for their titles instead of allowing Haney to hold the belts hostage in a division he is no longer competing in.

Just like in the case of Charlo if I'm not mistaken, either of the brother has held hostage the belt that they hold one time or another. Like Jermell, who is going to fight Canelo next. He is supposed to fight Tszyu for the belt but then they postponed it because of his supposedly hand injuries.

Now, he is fighting Canelo, so they should have stripped him of the belt and let Tsyzu become their regular champion. As for this fight, yes, this should be for the vacant because it's obvious that the champion is campaigning to a higher division already.

It's not that new anymore because we already saw some boxers who did it, it's just a business after all and it's about giving some favors in-exchange for another favor that they might need in the coming future. They may able to hide it in plain sight but the signs that they are doing cannot be ignored specially for the people who has been following the latest news in boxing as it's hard to believe that they are just doing these stunts without something in return.
885  Economy / Gambling discussion / Re: FIBA Basketball World Cup 2023 - Betting and Discussions on: September 10, 2023, 12:39:43 PM
[....]
What team are you rooting for? Are you supporting Germany? Smiley
I was rooting for Germany but some members made a decent argument that Serbia has a high chance if they could lock down Dennis. We know they're one of the best defensive teams in this tournament.
Germany is composed of good 3-point shooters. If Serbia wants to lock down Schröder, that means they will focus their defense on him, probably putting two defenders on him. However, the risk is that it will open up opportunities for the shooters, who won't hesitate to take their shots. There has been a slight odds movement, and I believe the reason is that bettors are slightly shifting toward Germany. If I recall correctly, when the line opened, Serbia was the slight favorite, but now it's in favor of Germany.

Still, it's hard to predict because both teams have equal skills. It's now about how well their coaches can devise a game plan and make adjustments during the game. These four-quarter games should never be boring; one team might have a big run, but I'm sure the other will come back.

This is going to be interesting, just a few minutes to go before the Finals clash between Germany and Serbia. In my sports bookies, the line changed again in just a matter of minutes before the game commences and Serbia is now the favorite.

It seems to me that the crowd is divided here as some are saying that Serbia got an upper hand because even if most of their players aren't from NBA, they can't still be underestimated as they managed to get in this position and being a defensive team is not easy to oppose. But I'd say, Germany is the same too, if they focus too much on Dennis, it will be their loss because the other players in the same roster cannot be left unguarded.
886  Other / Beginners & Help / Re: Looking for ways to improve my knowledge on cryptocurrency on: September 09, 2023, 09:34:18 PM
Earning should not be your main focus here but to establish your knowledge and skills first. That means you have to do your own diligence to learn all about the forum and its underlying topics that will give you brilliant ideas on how to earn from this forum later on. For now, do not be obsessed with earning profits, as it will eventually happen if you have familiarize everything in the forum that will be easier for you by then to take some risk and enter into jobs or services wherein you can be well compensated.
887  Economy / Gambling discussion / Re: [Boxing] Inoue vs Tapales for Unified Super Bantamweight Title - November on: September 09, 2023, 05:07:05 PM

One of the things that most excites me about this boxer is that he is when it comes to challenges, rematches, and above all when there is a belt or something similar, well, he assumes it and prepares himself with more intensity, perhaps the fact of being a A very disciplined person and that is what marks him out compared to others, I want to see this fight and see what kind of strategy Tapales will use, but where I went, my strategy was to be on the defensive, make him get tired and counterattack, because the truth is I can't think of any strategy against him, because he really is a boxer who can quickly read the other boxer's plan, and I think that is also the intelligence he uses, and that is quite difficult for some, For me, boxing is 80% intelligence and 20% effort with the body, however, what you train the most is your body to resist the blows that you are going to receive.


It is the advantage of Inoue. He anticipates his opponent's strategy and adjusts things at the right timing.

If he sees that he can absorb his opponent's attack, then expect him to be more aggressive. I used to remember the first fight against
Donaire where after being almost taken down.

When he manages to get up and compose his self, that the time he really become aggressive and really attacks the most, then
he earned that fight a win.
The first fight against Donaire, it was the last time that we have seen Inoue almost lost the fight. It was a hard fought give and take and he absorbs all what Donaire can bring to the point that he suffered a broken orbital bone and yet he pushes for the fight and win it.

But there are fans or even boxers who thought that Inoue lost that fight. If I'm not mistaken, Roy Jones Jr was one of them. I remember as well though, that Jone is a big fan of Donaire so he might be biased on that.

I think that is why a rematch has took place and that is to end all the issues once and for all, eventually, it was a 2-0 in favor of Inoue and Donaire haven't even had the chance to rally back and regain a momentum because he didn't anticipated the fact that he will face a much stronger and unpredictable Inoue who finished their fight in just like a whim. Although years have passed before their rematch but it's all the same to me, Donaire's good but his years are already over.

It's a shame that Donaire is a boxer that he didn't appreciate as he was, it's also that when compared to Inoue's career it's not anything, it's known that Inoue is literally a Monster when fighting, and he's also very very intelligent. So an Inoue with a Donaire is a big advantage, really, and I would think that right now Inoue is at a level of boxing where he can beat any boxer who comes his way, of course I say this because of what he has been demonstrating at all times. Personally, for me, Inoue cannot be compared to Donaire. Regarding Donaire, I think he needs to train a lot. I'm not saying because of his age, I'm saying it because of him, because of the things he can develop, as I have said on many occasions. , I am one of those who think that a boxer wins his fights at the time of his training, and if the training is stronger, more intense than that of the other boxer, then he will win, otherwise I believe that in a fight, unless If something extraordinary happens to the other person, they can win, but that rarely happens.

It's not really a shame because Donaire has proved enough in the industry of what he can do, he achieved enough that Manny Pacquiao himself trusted and passed the torch to him to make the Filipinos proud, and as a Filipino, I'm proud of what he has become but when it comes to reality, it's hard to argue that Donaire is already in the sunset of his career while Inoue is still at his sunrise.

We can say that age might not be a factor but that is not really the case because let's not forget that Donaire is already at his 40s and it's hard to say really that he still have the power and speed to keep up with the guys who are still on the height of their prime like Naoya Inoue.
888  Bitcoin / Bitcoin Discussion / Re: Hope is all I have left on: September 09, 2023, 08:58:11 AM
For people like us who still struggles to invest money on Bitcoin I want to know if one day, 1 sat can ever cost as much as 1 cent? Is this possible? Sorry I can't afford to dollar cost into Bitcoin like everyone else, it's very hard for me, all I need is hope.

I can only afford to invest into Bitcoin once in two month and that's not every with big money, you should understand my situation, I am too shamed to call a number.

Is there any hope for small Bitcoin buyers like myself? Can 1Sat ever be 1 Cent one day?  
There's nothing wrong about your slow investment with bitcoin. Of course, with how our current economy these days, it's hard to prioritize investment over our basic needs. But as long as you are still doing your part, and does not give up on your investment goal, hope will always be there.

I'm not sure as to when 1 sat will turn into 1 cent, but one thing is for sure, your bitcoin investment will never come into waste. Instead, as long as there is hard work and persistency, your bitcoin investment will definitely find its own way to succeed in the future. Just believe in yourself that you can do it and have faith in bitcoin as well.
889  Economy / Trading Discussion / Re: HOW DO YOU MAKE MONEY WITH LESS MONEY? on: September 08, 2023, 08:53:42 PM
indeed taking big risks is a terrible act, because it is more inclined towards betting or gambling. I think if we have a little capital, then it would be nice for us to enrich knowledge first, and getting rich is not difficult with knowledge, but indeed everything requires a process, not in a blink of an eye. We know that in the crypto world, many new rich people have been created, moreover every time a bull run comes, some of them are lucky, some have planned beforehand, I think that hoping for luck can only lead to disappointment.

Gambler never can attain the profit they wish to have because they take forward step blindly as they never know what to do and never try to realize that what is important for me to win in this field. To examine their luck they regularly put money in some useless coin which does not have any future without knowing that which coin is profitable.

Money does not matters but knowledge matters a lot for instance if you have little amount of money and complete knowledge then you will be able to get large sum easily but if you have larger amount of money but don't know how to use it and select wrong coin then your trading and working is useless.
You are right in here. It takes a brilliant mind to make a business work, regardless of the amount of capital. And the smaller the amount is, then it’s more important that you’re highly knowledgeable about what you are taking risk into, otherwise all your money and efforts will only go into waste. Furthermore, experience will be a great factor too to make you successful and profitable at the end of the day. Without it, you will surely strive hard to make it ultimately work.
890  Other / Off-topic / Re: Keeping your gambling habit a secret. on: September 08, 2023, 05:06:56 PM
does it really matter if you hide your gambling activities? For sure, someone will find it out or someone will notice it because you can't really hide it as you've been spending a lot of time on it, which the people around you noticed, so they can still find it out and even try to help you if they want, though the problem really is that if that gambler is willing to get help because they always deny that they are already addicted.
I think the fact that you may even feel the need to hide is enough proof that you shouldn't do it. If you have to hide your gambling you should ask yourself what am I doing that requires hiding, and should I do it. Too many people find reasons for it, and they still do it, but excuses do not really cover you.

You should not gamble at all if you have to hide it, that is the proof that it's a bad thing for you. I am not hiding it, I gamble and love it but I can limit my losses and stop whenever I want to and that has been the case for nearly 10 years now. That is proof enough that I could end up doing alright, and should be doing alright. I think it would be a lot more important to continue that way without a problem.

In my case, I'm not hiding it literally, it's just that I'm not vocal about my gambling activities since I know what people might think if they know what I'm into. I may not be an addict towards gambling but that is the thing, it will not make any difference at all if someone will know as in most instances, they will automatically think that you're a bad influence and an addict even if you're not.
891  Economy / Gambling discussion / Re: Boxing Speculation, Odds and Predictions on: September 08, 2023, 03:54:22 PM

With regards to the potential Canelo vs. Bud next year, it sounds crazy but really doable if Canelo approves it. If I were Canelo, I would take it since it is the biggest fight in boxing right now. He will be bashed a lot though if he wins and it could be worse if he loses to someone who moves up two divisions. I like Bud to win but I believe Canelo will be too much and destroy him.

No doubt, it would be the best fight ever since the guy will not hesitate to move just for the sake of beating Canelo and it will be the best opportunity for him as well because he won't need to sacrifice much since he is comfortable in their weight division, it would be best for him to accept such fight in order to fully raise their flag and we will seeing another huge fight next year once again.

Canelo should take that opportunity, as Crawford is at a big disadvantage if he moves up just to fight him. Take the win and earn a lot of money; that's good for him. He also has a big chance to destroy Crawford's dream of becoming an undisputed champion again. One thing that this fight guarantees is that both fighters are going to make a lot of money, so there's no reason this would not happen.

Good point, as we know that it's more on business and if the price is right, both fighters will be convinced to take one another, I think if Canelo will take this fight and win Crawford's hype will turned to him, I mean the current popularity of Crawford after beating Spence will go all the way to Canelo, and from that point, there's more money to expect whoever will be the next fighter to challenge him.

All will be depend on how the negotiation will work and what are the conditions between these two camps, but there's nothing wrong to expect if the fight will take place.

Crawford is enjoying the popularity he has now, and he wants to aim for a bigger challenge to become even more popular. He is not even thinking about his disadvantage; probably, as other boxers might just challenge a champion in a catchweight. However, Crawford is different; he wants to go up three weight divisions higher just to face the champion. I like the confidence of Crawford right now, as he leaves Canelo with no excuses for not taking this fight.

So, after Canelo beats Charlo, I think this fight will start to hype.

Crawford displaying this kind of guts and confident towards the whole boxing industry, it truly gives us a hard time to even doubt what he's thinking because we know that he wouldn't jump into cases that he knows he got only less chance in winning. And so I know that if he wanted to take this road then he sure do knows what he is doing, and we should trust them for that.

I even have some thought that he may have an upper hand against a man who literally owns and dominate his own weight class, Canelo Alvarez.
892  Economy / Gambling discussion / Re: Tyson Fury vs Francis Ngannou Boxing October 28 on: September 08, 2023, 01:52:43 PM
I will give my vote to Ngannou. Now the poll looks like this:
Tyson - 21 (53.8%)
Ngannou - 18 (46.2%)

and still Fury has an advantage, although not a big one. Fury and Ngannou met for the first time yesterday, and Ngannou pointed out Fury's overweight, and Fury, as always, was very verbose in response.  Grin

Fury also said that he would like to fight Ngannou according to the UFC rules, that he is confident that he will defeat him. Self-confidence is good, but I think that in this case Fury simply won’t have a chance.

Fury is such a yaper that few people take his words seriously, especially this trash talk. It seems to me that if their fight was according to the UFC rules, then Ngannou would have a much greater advantage than the bookmakers now give in favor of Fury in a fight according to boxing rules.

This is a boxing match, and it would be nice if we could refrain from entertaining discussions about the UFC, as it's quite obvious that Fury is just engaging in trash talk. Furthermore, he is well aware that he wouldn't stand a chance under UFC rules, so it wouldn't be in his favor. Currently, he still enjoys respect in the boxing world due to the caliber of opponents he has faced. Thus, he aims to protect his undefeated record, as he plans to return to boxing in the future for an undisputed fight against a champion.
I understand, it's just funny to me though to think that Francis Ngannou really tried to suggest that in this particular bout, they should be wearing grappling gloves (the ones that are used in MMA). I don't know what are his reasons for that because the article that I've read did not explain why but I think that it's either one of this two reason; he's not that accustomed or he believe that he cannot have the same power if boxing gloves will be used.
893  Economy / Gambling discussion / Re: Boxing: Regis Prograis vs Devin Haney on: September 08, 2023, 01:17:36 PM
I haven't seen enough hype about this fight. The media is more focused on Canelo and Crawford nowadays. I wonder if Eddie made the right call by signing Regis Prograis and Devin Haney. These guys aren't cheap and will be paid millions of dollars but they need to sell tickets, PPV, and convince companies for sponsorships. Maybe the fans are tired of Haney's boring style and while Prograis packs a punch, he is not that popular to the casuals.

Fight is still months to go so there are no hype currently. But maybe when the fight approaches, they are going to sell this fight as both are trash talkers. I do agree that Eddie might have sign this boxers for good amount of money so he needs to get it back. But not sure how, they need some good storyline to sell this fight to the boxing fans. And Eddie might be losing money in the end.

There's only one reason why the fight was moved: people are not interested in watching it. I'm not sure if this will really happen despite the announcement that it could take place later this year. It still depends on how the fans will react to this fight. If it's not going to be profitable for the promoters, it will likely be off this year. I would bet on the outcome; I think it's not going to happen this year.

With lots of exciting fights happening now, who would want to watch Haney, a somewhat boring boxer, against a non-popular champion?

It might be true. The real hype starts once the date of the fight is getting nearer. Both do not like each other right now so we might see an exciting press conference and face-offs during the fight week. Selling tickets in the venue might not be that hard but I guess the PPV buys will be only around 200k. Hopefully, we'll see good matchups in the undercards.

Maybe we'll make a friendly bet, I believe this fight will happen this year. Grin I still watch this fight live because I want to see if Regis Prograis can land his power shots on Devin Haney. Regis is not that popular but I like him, he is exciting to me because he knocks people out.

People are also not taking things seriously because both camps seems not interested as well because of the fighting they had, we know that both of them don't like each other but they need to find that exact date where both of them will agree so that they can begin building their hype as they need that to have that specifically to make more money aside from the guaranteed millions that they're getting.

About the PPV buys, targeting for over 500k seems a little bit impossible to attain and it's too much to ask as well considering that both names aren't that loud in this industry. So yes, 200-250k is somehow possible and close to reality. I bet Eddie Hearn is now cracking his brain for this because time has already lost.
894  Bitcoin / Bitcoin Discussion / Re: Who is actually a Bitcoin investor on: September 07, 2023, 09:43:12 PM
The fact that you aim to buy and hold for future profits, that is certainly a proof that you’re a bitcoin investor. While others are buying for their own satisfaction that they can use it as a payment and promote bitcoin adoption, a lot of us here are certainly for investing purposes only.
895  Economy / Trading Discussion / Re: Trading bots... do they work? on: September 07, 2023, 08:23:26 PM
Looking to get some real-world feedback on trading bots, the pros, the cons and the most important question... do they work?

So please, only comment below if you're actively using trading bots and how successful they are.
Trading bots are actually working but if ask if they can be reliable and sustainable, I don’t think they are. They are just robots that uses a computer program which at some point work, and fail on the other hand. So it’s  actually not perfect when it comes to trading performance that’s why most of the professional traders still chose to trade using their own experience and skills in trading, at least they can lessen the risk somehow, and can expect bigger assurance of a successful trading.
896  Economy / Trading Discussion / Re: Trading not for everyone! on: September 06, 2023, 09:37:21 PM
Trading is always overrated as one cannot simply get into trading and expect high profits afterwards. In fact, trading will definitely put us into more losses and failures if we rush into trading without knowing the prerequisites to trade. Therefore, if there are no knowledge and skills and there are no reliable experiences in trading, it’s better to never jump into trading because surely, it will only test our patience and persistence through consistent losing.
897  Economy / Gambling discussion / Re: [Boxing] Inoue vs Tapales for Unified Super Bantamweight Title - November on: September 06, 2023, 04:31:53 PM

One of the things that most excites me about this boxer is that he is when it comes to challenges, rematches, and above all when there is a belt or something similar, well, he assumes it and prepares himself with more intensity, perhaps the fact of being a A very disciplined person and that is what marks him out compared to others, I want to see this fight and see what kind of strategy Tapales will use, but where I went, my strategy was to be on the defensive, make him get tired and counterattack, because the truth is I can't think of any strategy against him, because he really is a boxer who can quickly read the other boxer's plan, and I think that is also the intelligence he uses, and that is quite difficult for some, For me, boxing is 80% intelligence and 20% effort with the body, however, what you train the most is your body to resist the blows that you are going to receive.


It is the advantage of Inoue. He anticipates his opponent's strategy and adjusts things at the right timing.

If he sees that he can absorb his opponent's attack, then expect him to be more aggressive. I used to remember the first fight against
Donaire where after being almost taken down.

When he manages to get up and compose his self, that the time he really become aggressive and really attacks the most, then
he earned that fight a win.
The first fight against Donaire, it was the last time that we have seen Inoue almost lost the fight. It was a hard fought give and take and he absorbs all what Donaire can bring to the point that he suffered a broken orbital bone and yet he pushes for the fight and win it.

But there are fans or even boxers who thought that Inoue lost that fight. If I'm not mistaken, Roy Jones Jr was one of them. I remember as well though, that Jone is a big fan of Donaire so he might be biased on that.

I think that is why a rematch has took place and that is to end all the issues once and for all, eventually, it was a 2-0 in favor of Inoue and Donaire haven't even had the chance to rally back and regain a momentum because he didn't anticipated the fact that he will face a much stronger and unpredictable Inoue who finished their fight in just like a whim. Although years have passed before their rematch but it's all the same to me, Donaire's good but his years are already over.
898  Economy / Gambling discussion / Re: A weird belief among some gamblers. on: September 06, 2023, 03:40:48 PM

That's how it is in gambling, we see victory getting closer but difficult to achieve, so without realizing it we run far to chase losses. And this is where it's important to continue playing calmly, don't get carried away by emotions. And I always hate playing alone because I can't be completely sure if I am able to control gambling activities, therefore I always ask other people to accompany me to play in the hope that someone will enlighten me when I lose control while playing gambling.

You simply don't believe in yourself that is why you would want to go with someone to the casino and share your bet with them to get approval of the bet you want to play. It is not bad to share your game from time to time but to always do that with the way you have said it, it means you are not a regular bettor. This is unlike those who like to keep their game secret from others, those gamblers believe they have the magic game and so won't like every other person to partake from the bet. Anyway, it is just the way we feel best and anything that is best for the winning is acceptable.

I'd say, anything that is best for our entertainment is acceptable, including sharing our bets or following others' bets. Because we cant know what is best for our winning. If we knew that, we would be millionaires, right? If you find it entertaining to keep your bets in secret, do it then. No one should judge you, it's your right. But if seriously, it won't help you to win more. Daniel Negreanu openly shares how he's playing, and it doesn't make him to win less.

And that will just mean that we're only in for the money and not the package that should comes with it if we play and bet on our own because if we're only gambling to follow other people's bets then where's the fun in that? That's not an entertainment to me anymore as it will just be a boring one as you have already put your fate in other people's hand without going through the struggle and fun in obtaining the data needed to provide a possible outcome.
899  Economy / Gambling discussion / Re: What is your perception about crypto games? on: September 06, 2023, 03:14:38 PM
I do not understand what you mean that some games do and do not rely on bull run. What I know is that there are many gambling sites on this forum that may not make money in bear market time unlike the bullish time if both are compared. Bullrun or bear market does not affect any game. But if it affects any game, the gambling site will be the one that will know better, not the gamblers.

Right, that's not our problem anymore because whenever we deposit our money in the form of cryptocurrency and lost it during the process then that's already their business what to do with it regardless if we're in the middle of bull run or bear market. Online casinos have thought about these things clearly before they even started accepting cryptocurrency in their platform. And being a gambler, we should know how to differentiate these things because we are sure not gambling while seeing it as an investment.
900  Bitcoin / Bitcoin Discussion / Re: Why is KYC mandatory in CEX? on: September 06, 2023, 09:27:10 AM
Exchanges require KYC in order to stop fraud like stealing other people's bitcoins and cashing them out, money laundering, scams, hacks, and so on. Most countries require an exchange to have specific KYC measures because they are legally allowed to operate there.

Although I will say that requiring KYC for very small transactions is a bit of a stretch, as it's not really possible to do much with it in the first place.
You’re right. Imposing mandatory KYC is done so that all users will be protected from all forms of fraud, thus maintaining their assets privacy throughout their transactions. However, those disreputable and shady exchanges are also taking advantage from KYC verification by easily stealing funds from their users, hence making some of their clients easily fall on their traps.
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