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941  Local / Pilipinas / Re: mga definition ng terms na maaring makatulong sa mga nagsisimula pa lang on: July 17, 2022, 11:26:40 AM
Good initiative ito para makatulong sa mga kababayan natin na nagsisimula pa lang at wala pa masyadong alam sa terminologies.

Pero suggest ko lang since nasa Pilipinas section tayo, why not itranslate yung mga meaning ng terminologies para mas lalong maintindihan ng iba. Much better din siguro instead na i-quote yung post ni "theyoungmillionaire", itranslate ito in tagalog at idagdag as reference sa dulo ng post.

Again, Salamat sa post mo na ito dahil makakatulong ito sa mga kababayan natin!
942  Economy / Gambling / Re: Chasing a x330,000 on: July 17, 2022, 11:00:36 AM
I get that x330,000 and is hard to explain how good does it feel, i was ready to roll the last 100,000 bets and got it in 52,000. I end with a profit of 50 clams, not huge but the hit was for 494.

The lucky number i get was 00.00.01, this means this could be a x495,000 win, but you know what, i'm happy with this shot.
Congratulations on hitting your goal multiplier. You might not win much but the thrill you've felt during these  bets and hitting is an achievement that you can boast to anyone.

I have no idea why so many gamblers feel they achieved something big by hitting huge multipliers even though they won small amounts. Makes sense in gaming(Achievement hunting), but doesn't really make a lot of sense in gambling.

They are just purely numbers at the end of the day people. Anyway, to each their own as they say.
Isn't gambling also a game whereas you bet using your own money to be able earn more? Also, isn't gambling suppose to be fun and for us to be entertained?

In this way, betting on dice with a high multiplier that has a very low winning chance, you will thrilled once you've hit and won your goal.
943  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: July 16, 2022, 07:18:17 PM
Gambling will not be banned, even if all the governments of the world insist on doing so, gamblers will find all kinds of ways to keep gambling. If we look at the history of the players out there, there are those who are happy because of gambling, but there are also those who are suffering because of gambling.

I think regulating gambling is a good thing, but the government that feels the money from gambling taxes should provide rehabilitation centers for those who suffer from gambling (addicts).
The government can ban gambling, which has already happened in some countries for religious reasons. But those who are used to gambling will surely be able to return to gambling even in places unknown to the government.

Maybe only regulating gambling can be done by the government and making strict regulations and gamblers must be willing to be monitored by the government. This is for the good of the gamblers so that they do not cause other problems in the future because gambling can really make them addicted. But if some gamblers become addicted, the government should be able to find a solution and maybe providing a rehabilitation center is one way to help them.
Government can ban gambling which has already been done on some countries however gambling cannot or rather will not be banned on all countries. Gambling has been one of the industries that provides a lot to the government and some might even rely on it.

Also, enforcing strict regulations especially monitoring gamblers with their gambling activity is not a concern that the government needs to look at. I mean, it's not the government decision whether or not the gamblers activity will cause a problem or not as various aspects will need to be look into. Gambling addiction is not a job for the government but rather it's for the gambler to get checked at a psychiatrist.
944  Bitcoin / Bitcoin Discussion / Re: Bitcoin in 10 years, 9 years ago - from Theymos reddit AMA on: July 16, 2022, 06:36:56 PM
Its hard to see Bitcoin going to be replaced when its all that we know that is really decentralized.  ETH may not flipped BTC, it will however be more popular because of the celebrities using NFTS. But who knows 20 years isn't yet over and ETH is really making a lot of development on top of it.

It will probably not be base on price but on the dominance of ETH or if its CBDC then maybe since it will be easier for regular people to get government backed digital currency.

Bitcoin being one of most widely known when we talk about cryptocurrencies, it will be very hard to see it being overtaken by other crypto. But, still the fact that Ethereum various developments and applications such as NFTs, Games and other activities being held on ETH network. It might probably overthrow bitcoin being number one.
945  Bitcoin / Bitcoin Discussion / Re: My old officemate become millionaire on investing on Bitcoin on: July 16, 2022, 05:58:53 PM
Yet another successful bitcoin story. Your influence from your coworker have made them rich especially for an average earner from our country which is Philippines (based from the currency and conversion). Holding is such a powerful strategy as a long term investment especially when the person forgotten his investment to avoid continuous checking and possibly selling which what happened on your friend.

I have a similar story as I've been encouraging my friends during college to invest or even check bitcoin way back 2016 as I see a potential of earning money while studying. Unfortunately, I have only succeeded on getting their interest on early 2017 as bitcoin has been reported on various news and articles. At that time they were able to earn enough to be necessary things such as Laptops, PC, Motorcycle and other things. Most of us halted our bitcoin and crypto activity during the 2018 massive bear market and focuses on our studies.

Right now, most of us are back with our crypto and bitcoin activities and most of them are now doing trading as their main source of income and now able to buy houses, cars and businesses. We have been helping each other and guiding on where to invest and even lend for us to be able to buy all the things we want.
946  Bitcoin / Bitcoin Discussion / Re: Be careful what you wish for, it might happen on: July 16, 2022, 05:07:38 PM
Yes, bitcoin has given users the freedom to manage their finances independently. It is like a bank in our hands and every bitcoin user who has complete control over his wallet is the owner of that bank. Our Bitcoin is our rule, and it's the opposite of the fiat system.

We can't force the government to agree to everything we want about bitcoin, that's impossible because bitcoin is basically not a currency that governments really expect to be better than fiat. Decentralization and centralization will never be the same, they will continue to be opposites. But bitcoin has offered us a better option as a means of payment.

The sad thing is, that the government will continue to tax us no matter where we keep our assets or where we use Bitcoin as a currency. Taxing is everywhere and is present in every purchase that we do because we all know that businesses that sell our daily necessities don't accept Bitcoin is still regulated by the government. If there will be more establishments and businesses that will accept Bitcoin, I think we can quite feel the financial freedom that we want.
Government taxation is necessary to any country as it is where the government of any country gets it's fund to run it's nation. Unfortunately, crypto taxation is quite confusing especially for investors as you cannot tax something that is a potential profit. This is why crypto regulations has been set to better managed each and everyone's crypto assets.

Also, even if businesses and establishments with accept bitcoin as a payment method, it will still require to be taxed since it will be included on their tax filing. But still, having an option to pay thru bitcoin and other crypto, it will be a good thing as massive adoption will be much more achieved.
947  Other / Archival / Re: Most crypto-friendly economies in the world on: July 16, 2022, 04:29:02 PM
i'm a little surprised why Indonesia is not included in this list? even though most people here have started investing a lot in cryptocurrencies, even at the end of this year the central bank here plans to issue crypto trading regulations because more and more people are transacting using crypto.
But they are yet to implement any regulations at all just like lot other countries so they have been excluded from the list, its surprising to see El Salvador at 35 but its the country which accepted bitcoin as a legal tender and it seems the only country which regulated in that way. Anyway this gives some insight that governments are adopting to the system and make the potential out of it.
Probably the reason why Indonesia and other countries are not included in this list is because there is no data collected on these countries.

Anyways, I am quite surprised why El Salvador is only at rank 35, right next to my country Philippines. El Salvador has already accepted bitcoin as a legal tender yet it is only ranked at 35. Philippines hasn't implemented any regulations on cryptocurrency but there is also no limit or restrictions made on it which is why most Filipino are able to use bitcoin and other cryptocurrency so freely.
948  Economy / Gambling discussion / Re: This clearly damage the gambling. on: July 16, 2022, 03:42:01 PM
The video shown may be related to a set score or win, but it doesn't spoil the gambling. Maybe yes if the players and all those teams gambled too, and won in bets at some sportsbook. Nothing can prevent them but maybe the relevant institutions at there will act decisively if they take part in the scoring setting, so the match is unfair also to the bookie. Blatantly kicking the ball in the wrong direction is ridiculous, big possibility will be investigated.
The video already is a proof of blatantly throwing the game whereas a football player intentionally kick the ball outside the net or the goal. I mean, they are football player and that kind of kick cannot be an accidental shot since it is too far from the net. I doubt that these players are betting on themselves and it might not be allowed to do so however it is more likely that the team and it's players are paid to throw the game.
949  Economy / Gambling / Re: Chasing a x330,000 on: July 16, 2022, 02:57:42 PM
Definitely need to get this challenge on all dice sites just to put up some interesting (but rather useless) statistic. Perhaps you'll get this multiplier earlier than 1 million to continue chasing for huge multipliers. If it exceeds even 330k bets, you'll still be negative profit but at least you managed to hit that elusive multiplier. It's worth the time, money, and effort if you hit the jackpot, though I don't think it will be rewarding money-wise in the long run.

Good luck on the bets!
As much as I've observed from various dice sites, it looks like this strategy has been used multiple times and most of them are on the positive profit. I've seen high rollers bet this on Just-Dice and Primedice as they are flooding the bet history with their continuous bet and all of them are on positive profit. Also, there's a chance that you might not win on the first 330,000 bets but there's a possibility that you will win multiple times on the next 330,000 bets.

I've also tried this but with a low amount bet and I actually won and earn profit however this strategy only works if you have enough funds to fulfill these bets as it is time consuming and it will take up a lot of bets before winning.
950  Local / Pilipinas / Re: Nag-aacumulate ka ba ng crypto ngayong bear season? on: July 16, 2022, 05:39:19 AM
Good thing na kahit gantong bear market at sobrang taas ng bilihin dahil sa inflation ay napapaikot mo pa rin at nakakapagipon ka pa rin ng crypto. Also, mabuti yung ginagawa mo na play safe sa market na once makaprofit ka ay mag TP ka na agad. Eto kasi yung mali ko dati kaya nalugi yung crypto ko dahil naging greedy ako at naghintay pa ng mas mataas kaso after ilang days lang yung 5-10 times profit na sana ay naging negative pa.
Ganito den ang mga naging experience ko before, takot ako magtake profit kase ayoko manghinayang once na tumaas ang presyo pero kabaligtaran talaga ang nangyayare and may mga sayang moments den talaga ako. Kaya dahil dyan, lagi na ako nagtetake profit pero syempre ngayong bear market antay antay lang muna ng mga bagong opportunity, sa ngayon better to hold muna and wait for the market to recover, may chance na mas malaki ang kitain mo kapag ganito.
Wala eh, ganun talaga sa crypto market sobrang volatile kaya need talagang bantayan yung mga investments natin para malimitan yung loss. Yung sakin kasi nung time na yun, almost 10x na yung profit ko kaso hinayaan ko pa ng isang araw at tinulugan ko kaso nga lang pagkagising ko sobrang dami na FUD from China at Elon kaya yung profit napunta sa pagkalugi. Pero lesson learned na rin naman at magandang experience rin to para satin para mas matuto pa.
951  Economy / Gambling discussion / Re: This clearly damage the gambling. on: July 15, 2022, 08:33:59 PM
I really think this damage the trust in the sports bets , or anything related to the sport gambling, i know a lot can say its a kind of protest but still really unclear.
Nope, this event doesn’t damage or even tarnished the reputation of gambling at all. More likely, this damaged the player’s reputation and sport reputation. However, I think that the player or team that intentionally throw the game have received compensation for doing so.

Fixed matches happens very often on low tier games and matches as they are most likely to prone to bribing. But this kind of things doesn’t really affect gambling too much as only few gamblers bet on these kind of events.
952  Local / Pilipinas / Re: Nag-aacumulate ka ba ng crypto ngayong bear season? on: July 15, 2022, 06:14:32 PM
Gusto ko sana malaman kung may mga kababayan tayo na patuloy pa din na nag-aacumulate ng cryptocurrencies ngayong bear season kasabay ng pagtaas ng mga pangunahing bilihin.

Kung oo, pano nyo bina-budget yung pera sa pagbili ng crypto at real-life responsibilities.

Share kayo ng mga tips para sa mga kababayan natin dito na gusto din makapag-ipon ng crypto para sa susunod na market cycle.

Masakit talaga sa bulsa ang pagtaas ng presyo ng mga pangunahing bilihin pero kahit ganun pa man wag natin kalimutan ang investment natin dahil dito tayo kumikita at starting to accumulate din ako pa unti-unti pero di ko nasasabi na for long term ito since pina ikot ikot ko lang rin naman ito since target ko is sell talaga once me profit na. Wala man akong target selling point pero pag decent na ang percentage go na since profit is profit ang take ko dito.
Good thing na kahit gantong bear market at sobrang taas ng bilihin dahil sa inflation ay napapaikot mo pa rin at nakakapagipon ka pa rin ng crypto. Also, mabuti yung ginagawa mo na play safe sa market na once makaprofit ka ay mag TP ka na agad. Eto kasi yung mali ko dati kaya nalugi yung crypto ko dahil naging greedy ako at naghintay pa ng mas mataas kaso after ilang days lang yung 5-10 times profit na sana ay naging negative pa.
953  Economy / Gambling discussion / Re: Threshold of Loss in Gambling on: July 15, 2022, 05:17:09 PM
Having a gambling budget is a good idea, some people do not see this with good eyes as they think that for a person to have some money destined to gambling already then that person must have some problems with their gambling, but in fact it is the opposite, those which have a budget for their gambling activities are the ones that have the most control over their gambling as if at any moment they spend their gambling budget then they stop gambling immediately and then do something else to entertain themselves.

I also said that to myself that I need to play with some budget, but guess what, it's not going to happen specially if you lost a lot in the beginning. So kudos for those who can play within budget, but that could be more on an exception rather the norm in gambling. So it's either no gambling at all instead of playing within a budget because it's really hard to control when you are in to it.
I guess it's safe to assume that all of us have already experienced budgeting our gambling activities and try to stick with the allocated amount of money or crypto. However, in times where we experience a great loss, we try to make a comeback or to recovery our losses by depositing more than what we've allocated. I, myself, also experience this situation but as time goes on I have managed to limit and stick with my budget or gambling time. What made my avoid my gambling addiction is by focusing on work and other activities.
954  Economy / Gambling discussion / Re: Gambling and Fengshui on: July 15, 2022, 03:22:45 PM
Feng Shui or any superstitious beliefs not only from China but on any country are mostly imposed on any businesses such as gambling. You might be able to see that there are common number of floors that are not included in most hotels such as Floor 13 not existing. These superstitions are mostly to be seen to on any establishment to avoid negative aura and repel bad spirits and practices on their businesses.
955  Economy / Gambling discussion / Re: People are not only gambling to win but they are buying entertainment on: July 15, 2022, 02:47:19 PM
Some people would say that they're on it for entertainment. And it's like a never-ending statement from everyone who gambles to have fun.

I see people who talk about gambling for entertainment as liars, most of them don't want people to see them as gamblers that's why they always use the word entertainment to cover up their gambling activities. Most people who say they gamble for fun and entertainment will use huge funds to gamble and they will never leave the gambling environment yet they are been entertained with their own hard-earned money that is a big lie.

Anyone who wants to be entertained will not solely continue to gamble rounds after rounds rather the person can engage in other activities they don't encourage staking money on, so long as the person who is gambling is staking money to make more money, i see no entertainment or fun it.

I kinda disagree with your opinion. First of all, I doubt that these players who gamble for fun and entertainment don't want to be seen or acknowledge as gamblers. The first time they've gambled, makes them a gambler already. Also, most of these people who gamble for fun and entertainment purpose are rich and they don't mind losing they're money or they know that they'll be able to recover it even if they lose.
956  Economy / Gambling discussion / Re: How Gambling companies can get more users to deposit. on: July 15, 2022, 02:00:11 PM
It is always normal for gambling casinos they are always given a KYC for only people who won a large amount, and some of them allow a large withdrawal with this like just need to submit first a KYC, or else they will hold your winning sometimes they are allowing withdrawal but in a certain amount only like 20% of the total balance and it took always a months before you can allow makes another withdrawal.
I wonder why I always hear about problems with the KYC when a player wants to withdraw his winnings, but I have never heard "the casino did not accept my money until I passed the KYC"?  Roll Eyes Everyone understands that the long passage of the KYC (if it is successful at all) for many casinos is just an excuse to detain/keep the player's money. I don't think this is normal.
Various reason could have arise as to why casino platforms are asking for KYC for huge winners rather than asking users to do KYC before deposit. One reason is that they don't want to make their users required to do the KYC process. Also, casino tends to look into the account of huge winners to better check their history as well as activities made on their account to ensure that no illicit activity have been made or done. In which case, the casino requires the users to do the KYC process.
957  Economy / Gambling discussion / Re: [Discussion] Should Gambling be Banned? on: July 15, 2022, 01:25:14 PM
I disagree on banning gambling and it cannot be done. First of all, all the cons you've included on your post are most likely to be caused by gamblers itself. Being irresponsible gambler will cause the cons you've listed especially the addiction. The platform isn't the problem rather it's the people who use the platform.

958  Local / Pilipinas / Re: Meron ba na Banko na tumatanggap ng Bitcoin bilang collateral sa isang loan? on: July 15, 2022, 12:56:46 PM

Hehe ang nakakainis lang sa kamag-anak lalo na kapag malapit syo ay ang pagtatalak bago ka pahiramin.  Isang mahabang sermon at pangarala at sandamakmak na reklamo bago bitawan ang ipapahiram sa iyo.  Kaya kadalasan nakakahiya manghiram sa kamag-anak.
Wala ganun talaga typical Filipino Toxic Culture ika nga nila. Mabuti sana kung after nung utangan o hiraman ng pera ay tapos na yung pangungulit nila sayo. Kaso minsan after mo magbayad at malaman nila na kumita ka sa pinagkautangan mo sa kanila ay i-guilt trip ka nila at magbigay sa kanila ng mas malaki pa dahil "pera nila yung ginamo kaya kumita". Anyways, depende na rin siguro satin kung gaano tayo magpapaapekto.


I doubt din na magkakaroon ng loan or lending option ang coins.ph, since yung pinaka purpose nila ay crypto wallet at exchange unlike paymaya or gcash which has a financial usecase. Pero, if ever man, I don't think na magkakaroon ng loan with collateral ang mga platform na ito.
Pero di rin natin alam kung ano plans nila.  Malay natin maisipan nila nag profit sa pagbibigay ng loan since I am sure marami sa mga users nila ang nagshift na sa binance p2p dahil sa mas convenient gamitin ang Binance p2p kesa sa kanila.
In case naman na magrelease sila ng loan or lending system, sure naman na mag-profit sila dahil sa interest. Kaso nga lang risky rin ang lending system since pwede tumakbo yung umutang lalo na naglipana yung mga bought coins account.
959  Local / Pilipinas / Re: Meron ba na Banko na tumatanggap ng Bitcoin bilang collateral sa isang loan? on: July 14, 2022, 02:45:43 PM

Naglakas loob lang din ako manghiram sa pinsan ko kasi hindi naman talaga ako palahiram at naisip ko lang din talaga na ayaw ko gamitin yung naipon ko sa paghohold kasi mahihirapan na ako maipon ulit yun kahit na bear market pa.
Mabuti ka pa kaya mong umutang sa iyong kamag-anak, gusto ko man umutang sa kamag-anak ko dahil may business sila kaso ayoko lang yung bago ka pahiramin sobrang daming sasabihin sayo at pangangaralan ka pa. Yung pinakamasakit pa dun ay ipagkakalat o ichichismis nila na humiram ka at may dagdag kwento pa. Toxic Filipino culture kamo kaya mas mabuti yung sayo na open sila magpahiram. For me, option ko ngayon is bank at ibang application since may mga personal loans naman na non-collateral pero need nila ng proof of employment or any documents na proof na makakapagbayad ka.

Coins.ph talaga ang inaasahan ko na unang gagawa nito kung sakali man.
Dapat dati pa yan nila ginawa, mukhang mauunahan sila ni Maya at kung mag announce man bigla si gcash na may crypto na rin sila kahit parang simulation lang, pwede nila pasukin ang lending dahil meron na sila nun.
I doubt din na magkakaroon ng loan or lending option ang coins.ph, since yung pinaka purpose nila ay crypto wallet at exchange unlike paymaya or gcash which has a financial usecase. Pero, if ever man, I don't think na magkakaroon ng loan with collateral ang mga platform na ito.
960  Local / Pilipinas / Re: Nag-aacumulate ka ba ng crypto ngayong bear season? on: July 14, 2022, 02:05:34 PM
Paano nyo bina-budget yung pera sa pagbili ng crypto at real-life responsibilities?
Isa sa mga importanteng bagay para sakin ngayon ay ang work or business dahil dito ko kinukuha yung pang araw araw na gastusin ko. Sa gantong paaran naiiwasan ko na rin ilabas yung mga crypto ko maliban na lang kung may emergency na gastusin. Para sakin mas mabuting wag mag rely sa crypto as a main source of income since volatile ito at maaring kang kapusin sa hindi inaasahang oras at panahon.

So ang tip ko upang mas makapag-ipon ng crypto sa panahon ngayon ay magkaroon ng trabaho at ihinto yung mga bagay na gusto mong bilhin na hindi naman kailangan. Set aside muna yung mga "wants" at ibudget yung mga "needs".
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