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981  Economy / Gambling discussion / Re: ODI cricket and general cricketing discussion [self - mod] on: November 08, 2023, 03:21:46 PM
Inexperienced teams are finding it hard to win against experienced sides. Yesterday Afghanistan had Australia down to 91/7, but then Maxwell and Cummins took them to 293/7. And today Netherlands had England at 192/6. But then Ben Stokes and Chris Woakes took them to 339/9. It is a torture to watch the Dutch batting. Last time they had 5 of their batsmen runout in a single innings. And today also they started the same trend with a needless runout of Wesley Barresi. If they waste these chances, then they don't have any right to ask for more matches against full member nations. 

I was actually really surprised and amazed at the same time to see what Maxwell actually did. When I saw that the score is 91/7  I thought we have to be ready for a surprise/ upset and Afghanistan is going to win this match against Australia.  but that did not happen. As we all know Maxwell actually played the best innings in any World Cup ever.  and he also did that with one leg.  some people have only seen the score but they don't know that he actually had a cramp in his leg muscle while playing.  it was really sad to see him hurt like that.  but that guy is really something else, he stood there and hit sixes like it was nothing.  congratulations to  Australia and also Maxwell for his 200.

Netherlands will probably not be able to win this match. England has given them a big target. They still need 190 and they have 5 wickets in hand.  they also only have about 18 overs.
982  Bitcoin / Bitcoin Discussion / Re: What if some country decides to pay pension to working population in bitcoin ? on: November 08, 2023, 02:49:29 PM
What if some country decides to pay pension to working population in bitcoin ? What percent of people will agree to getting pension in bitcoin in your opinion  ? What will be the benefits and limitations of this occurrence in long term on people and economy ?

But the thing is I don't think this scenario will happen, as long as bitcoin doesn't become a currency and volatility stays high this will never happen. We need the fact that bitcoin is only used as an investment, more like a store asset like gold than a currency. And have you seen anyone using gold to pay workers? Furthermore, as long as people still only view bitcoin as an investment, paying salaries in bitcoin will be useless because people will also convert it to fiat currency immediately.
983  Bitcoin / Bitcoin Discussion / Re: Ferrari introduced BTC payment option for their cars on: November 08, 2023, 02:31:57 PM
Very strange that this wasn’t bigger news. I’m surprised this would be the first I’m hearing of it. Nobody really buys Ferraris that care about money anyway though I guess. Hopefully this leads to Tesla accepting Bitcoin for their vehicles again, as that would actually matter and probably make a big market impact given their sales numbers.

But who cares whether Ferrari accepts Bitcoin or not? I would have been irritated if this was big news to some people. This is really a side note in the grand scheme of things I think and Ferrari accepting Bitcoin is really no incentive at all for Tesla to revise their position. Neither are they competitors for the same target group, nor are they comparable to each other in regards to market power and influence. Ferrari is not even 1/10th of the market capitalization of Tesla.
Although this is not too big news and Ferrari cannot be compared to Tesla, Ferrari's popularity is known to most people even those who cannot afford to buy their products. This news is nothing special similar to Honda accepting bitcoin payments nor does it create any hype for bitcoin, but all this news says is that bitcoin is becoming more and more accepted, its popularity is getting wider and wider.

But honestly, I don't think Tesla accepting bitcoin will be good news for bitcoin . I mean what if they accept it and then proceed to eliminate it?
984  Economy / Gambling discussion / Re: ICC WORLD CUP 2023 DISCUSSION THREAD! on: November 07, 2023, 02:44:18 PM
Australia lost their fifth wicket. Labuschagne was run out at such a crucial moment. I didn't imagine they would play so stupid like that. Australia's batsmen should have batted more carefully. As they lost four wickets very quickly. The way Australia are batting now, it will be difficult for Australia to score 100 runs if Maxwell is out. Australia now collect 72/5. There is no chance of winning the match. Losing this match will make it more difficult for Australia to qualify for the semi-finals. They will play against Bangladesh in the last match. Although Bangladesh is not strong, it is not possible to make predictions about the performance of this team.

Afghanistan's bowlers are literally playing with Australia's batsmen today. Australia is batting very badly. The confidence of the Australian players hit rock bottom after losing several wickets early on. This is why the performance of top order as well as middle order players is very poor. At the moment Australia is only 97 runs and they have lost 7 wickets. Australia has no chance of winning this match. Australia need 195 more runs. Maxwell is the only experienced batsman. After losing 7 wickets so quickly I don't see the possibility of Australia scoring 292 runs with Maxwell batting. Afghanistan players are very confident now. And this confidence will result in them winning by a big margin today.
985  Economy / Gambling discussion / Re: ICC WORLD CUP 2023 DISCUSSION THREAD! on: November 07, 2023, 02:05:13 PM
Can Afghanistan win against the Australian team today? Knowing Australia I think it is hard for them. Considering the overall performance today, it seems Australia has a upper edge against Afghanistan. They were able to restrict Afghans from going beyond 300 runs. For me that is a positive sign.

If Afganistan wants to win against Australia, they would have to get wickets before the first power play ends. The first 10 overs are critical as it helps the bowling side eliminate the top batters. The situation is similar as of Afghanistan are able to get a few wickets it would become a problem for the Australian batting.
Australia's chances of victory are slowly diminishing. They lost 4 important batsmen for just 49 runs. Azmatullah took two wickets in two balls. I didn't expect to see Australia batting badly in the power play. Maxwell and Labuschagne are batting now. If these two batsmen can survive at the crease, Australia still has a chance to win. But it is much more difficult. The average run of the teams in the second innings on this pitch of Wankhede Stadium is only 196 runs. This is why it is difficult for Australia to win by batting at a target of 292 runs. Moreover, Afghanistan's bowlers are bowling well today.

The Australian team is now in trouble. I never imagined that Australia's  top order would  collapse like this. In the last 5  matches we have seen great performances from Australian players. Especially  the batsmen  played very well. But today they can't stay at the crease against the Afghanistan bowlers. At the end of 12 overs, Australia collected only 61 runs, losing 4 wickets. If Maxwell and Labuschagne can't play big innings then Australia has no chance of winning. Australia has a slim chance of winning if these two batsmen score a century. But the match is now completely under the control of the Afghanistan bowlers.
986  Bitcoin / Bitcoin Discussion / Re: Is it the right time to invest in Bitcoin? on: November 06, 2023, 10:55:25 AM
There’s no perfect or right timing to buy a volatile asset. Perhaps with Bitcoin when its value fell to the $15k mark? We already had the opportunity to go all out but only a few agreed to do so. One explanation is risk tolerance; many people were worried that the price could even go lower. And now that its price is already high then you still hesitate. This is why I believe that all of sus has the capacity to invest but not the courage to act upon it in a single glance. The right time to invest is once you are ready to embrace the risk or possible profit
Having good patience really pays, I could remember when the price of bitcoin went as low as $15k, this was a very good time to buy bitcoin but some people were still afraid thinking if they buy the price will still fall below $15k but today the price of bitcoin has gone beyond 30k. Bitcoin is real and reliable but people still don't understand,  they still have fear and tension for the matket may be because they want to make money from it very fast. Bitcoin is always profitable in every given time, procrastination can make one lose opportunity of getting good benefits from bitcoin.

I still remember when bitcoin dropped to $15k, many people still didn't want to buy bitcoin and they thought it would drop to $12k and called that the time to buy bitcoin. But unfortunately for them, that didn't happen and now we're at $35k, and I bet you that. Even if bitcoin drops to $12k at that time, they will not buy bitcoin and say they will wait for the price of $8-12k. Not only are they people who don't believe in bitcoin, but they are also greedy people who just want high profits without any risks.

Many people have changed their lives by investing in bitcoin, but the confusing thing is that until now many people still do not believe in bitcoin and ask stupid questions.
987  Economy / Exchanges / Re: Bitfinex suffered minor phishing attack on: November 06, 2023, 10:44:41 AM
I wonder why anyone would trade on Bitfinex still... It's one of the exchanges with the worst reputation and historically have wronged so many people. At this point it wouldn't be too unlikely that it's just a frond for Tether and their unauthorized printing of fake USDT for money laundering.

I don't use Bitfinex, but have they been hacked before and caused damage to users? One thing I see is that Bitfinex is also a favorite exchange platform for sharks. Some news I have read and learned is that whales in the market often use Bitfinex or coinbase to sell assets rather than Binance or OKX. So I think maybe they are another big exchange besides Binance or OKB.

As for them printing USDT, we don't have any evidence for that so it's hard to say. If they were actually laundering money or doing something illegal, would law enforcement cover them up?
988  Bitcoin / Bitcoin Discussion / Re: What would happen if there was only one cryptocurrency, which is Bitcoin? on: November 06, 2023, 10:35:46 AM
I don’t feel that bitcoin has any competitor to be honest and if they were no Altcoins the adoption of bitcoin doesn’t look like something that would be affected because even now the number of people that go into cryptocurrency are through bitcoin, so even without the other coins they will still come.

The price of bitcoin might increase only due to demand because without the Altcoins which promises huge returns and some people will to have invest almost all of that into bitcoin, which means a high demand of bitcoin than now.

Without altcoins many wouldn’t be in Disney world that they could be become rich over night from it and without them the scams done by fake or shit coins wouldn’t be there and the cryptocurrency space will actually gain the purity that bitcoin brings

If we are only talking about Bitcoin, it was not created to compete with anything; altcoins only appeared because Bitcoin is decentralized and no one can control it. So in order for them to gain control, they created altcoins, because through this, they will have the opportunity to take advantage of people they don't know so they can get money from other investors.

But let's accept it or not, Bitcoin quickly became popular because of altcoins. That's true; without altcoins appearing, I just think Bitcoin probably wouldn't reach the ATH of 69k$ each. It means that somehow altcoins have contributed a lot to the crypto space.

Looking at the market capitalization, many years ago when there were not too many altcoins appearing, bitcoin dominated 70-80% of the market. But in recent years, bitcoin's dominance is only 40-50% of the market , meaning there is competition in the market between bitcoin and altcoins.

And I agree with you that, if this market did not have the presence of altcoins , bitcoin would not be as well known or have such impressive growth as it is today. If there are no altcoins, what can we compare with bitcoin and realize that bitcoin is the best to invest in? The role of altcoins should not be denied.
989  Bitcoin / Bitcoin Discussion / Re: FTX CEO Sam Bankman Fried found guilty on: November 06, 2023, 10:28:43 AM
That's pretty good news. I just hope he gets sentenced to life in prison. And hopefully, this will also be a warning to people like him who have the ability to do what SBF did. But I hope that no one will fall victim to the many investors.

The only thing we don't know is if the money that he took from the people who trusted him to put money into FTX will be returned, but it seems unclear that it will be returned. This is the justice that they took back from SBF, as far as I can see.

SBF's sentencing is a warning to those with fraudulent intentions like him, but also a warning bell to us that the market is full of scammers and should never be trusted by anyone in this market. The marketplace is a battlefield, there is no one good and trustworthy enough for us to entrust our assets to, including famous people and reputable companies.

Regarding compensation to investors, I think it will take a lot of time for the victims to receive it back. What I'm thinking about is Mt.gox, I'm not optimistic about Mt.gox and I also don't expect FTX to be like Mt.gox.

Sentencing SBF for the crime he do might be a warning to any CEO who plans to do scam to the people used their platforms. But do we really think that it can stop them to do the same action? I think not maybe those scammers will find another safe route after their scams happen and they could really do that especially if they accumulate a huge amount of money came from the people. We should never trust anyone in this space even if they are famous or what we called successful man running their businesses its because the same like happenings of FTX could still happen since there's huge market on crypto so provably these criminals will get attracted to get the money of people especially when they see it reach at multimillion level of fundings they have on their platform.

The law always has loopholes and that's why criminals still operate in all fields despite the heavy penalties for previous offenders . So I think scammers in the market will also find newer ways to scam others, so we should absolutely never trust anyone in this market. Always be vigilant and trust only yourself and no one else, including law enforcement agencies. They won't scam us but they can also confiscate our bitcoins for no reason.
990  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 05, 2023, 07:45:17 PM
Roma managed to win in the match against Lecce, in the 88th minute I thought they would lose but in the last minutes Roma were able to surprise and end that game with a score of 2-1. Good game ! Although Lukaku missed his golden opportunity through a penalty, but he became a hero in the last minutes. On the other side, it seems like Lecce will really regret it because they couldn't hold on with their 1 score lead until the end.
Lukaku was the man behind Roma's victory as he showed his quality today by scoring the winning goal at the 90+5 minutes to steal all three points from Lecce. Lukaku is a great player with good quality and he knows the right time to net the post. He has put joy in Roma's fan and the club as a whole tonight an Mourinho will be proud that he brought him down to Roma. Lecce tried their best today and wanted to use Roma as their first win in this season but Roma slipped off their hands as Diaz equalized the ball with a brilliant header. This is a goof result for Roma, because I never expected that they will win the game from one goal down and they scored two goals under 8 minutes.

If Roma did not win today's match, the entire blame would have been placed on Lukaku. And Lukaku is the main hero behind Roma's victory in today's match.
Roma received a penalty in the  fifth minute of the match. And Lukaku failed to score from the penalty spot. Because of this, if Roma did not win the match, Lukaku's poor performance was to blame. And thanks to Lukaku's goal in the last minute, Roma won the match 2-1. Sardar Azmoun scored the first goal for Roma in the 90+1 minute and Lukaku scored the second goal just 3 minutes later. After 90 minutes, Roma players could score two goals in extra time, which Lecce players probably did not imagine. Roma team was lucky so they managed to get full 3 points from this match.
991  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: November 05, 2023, 07:41:07 PM
It seems that Luton cannot be underestimated at all because after all, playing against Totteham in the previous match, in reality Tottenham also only win with a score of 1-0. Therefore, it doesn't seem strange that in this match against Liverpool, Luton almost won, because Luton also managed to score a goal in the 80th minute, while Liverpool just managed to score in the +90 minute. Even though I lost the bet because I chose Liverpool to win, but if I see the final result like this then I think this is a funny result. Because, it is clear on paper that Liverpool will be able to win, but in reality it is not as easy as imagined. Lol
I think these are just coincidences and isolated cases. Luton are 17th in the table and have 3 defeats in their last 5 matches. But it's still amazing that Liverpool completely dominated the whole match and still managed to concede at the end. If Luiz hadn't scored at the last moment, Liverpool would have been relegated to 4th place.

Liverpool performed well but I expected a  more composed  performance from them. Luton have been one of the weaker teams in the Premier League this season. Despite this, Luton's players were very confident today, even against strong opposition. They did a great performance. Perhaps the Liverpool coach did not expect that a  small team like Luton would be able to put up such resistance  in front of them. If Diaz had not scored in extra time, Liverpool would not  have been in third place in the table. And so I'd say  Liverpool were lucky enough today, that they managed to get 1 point.
992  Bitcoin / Bitcoin Discussion / Re: What if the second Satoshi appears? on: November 05, 2023, 01:01:22 PM
Right. Satoshi Nakamoto created Bitcoin. He's a genius. Bitcoin systems and communities are working perfectly, and everyone is crazy about Bitcoin. But what happens if someone creates a blockchain that is faster and better than Bitcoin and puts it out into the world without any greed, as Satoshi did? Are people going to ditch Bitcoin away? In that moment, we're going to see a blockchain that's performing better than Bitcoin and is perfect for decentralization that everyone emphasizes. What will happen?

No, no crypto coin will ever replace Bitcoin. There have been attempts for this for years, but the result is a big disappointment. If you think that alternative crypto coins will replace Bitcoin based only on transaction speed, then you don't understand Bitcoin. We can also solve the speed problem with the Lightning Network. The Lightning Network is in its infancy and still in development. Developers are trying to figure out if it will work as they imagine. If it does, the benefits of Lightning Network technology will make Bitcoin indispensable.

When it comes to the reason for using Lightning Network technology, the answer is actually very simple: scalability. If the network really does solve Bitcoin's main problem, it is likely to be adopted by other cryptocurrencies. In this case, there is the possibility of further development of cross chain exchange technology. This would be the first step towards the creation of truly decentralized cryptocurrency exchanges.

All current altcoins cannot replace or outperform bitcoin, but it would be stubborn to say that in the future there will be nothing better than bitcoin created while the technology world is developing rapidly. Just like governments believed that their fiat currency would never have a rival, or that anyone could not threaten it until bitcoin was created. I am very passionate about bitcoin and have faith in its future, but developments are happening in our world and if something better than bitcoin is created we should not be surprised. But I don't think that will happen anytime soon.
993  Bitcoin / Bitcoin Discussion / Re: FTX CEO Sam Bankman Fried found guilty on: November 05, 2023, 12:46:13 PM
That's pretty good news. I just hope he gets sentenced to life in prison. And hopefully, this will also be a warning to people like him who have the ability to do what SBF did. But I hope that no one will fall victim to the many investors.

The only thing we don't know is if the money that he took from the people who trusted him to put money into FTX will be returned, but it seems unclear that it will be returned. This is the justice that they took back from SBF, as far as I can see.

SBF's sentencing is a warning to those with fraudulent intentions like him, but also a warning bell to us that the market is full of scammers and should never be trusted by anyone in this market. The marketplace is a battlefield, there is no one good and trustworthy enough for us to entrust our assets to, including famous people and reputable companies.

Regarding compensation to investors, I think it will take a lot of time for the victims to receive it back. What I'm thinking about is Mt.gox, I'm not optimistic about Mt.gox and I also don't expect FTX to be like Mt.gox.
994  Bitcoin / Bitcoin Discussion / Re: People are too focused on history repeating itself on: November 05, 2023, 12:25:19 PM
You are speaking as if 2020 was a bad year for Bitcoin. It wasn't. There was COVID, yeah, but it was a fantastic year for Bitcoin. It was as though there wasn't a global pandemic happening, wreaking havoc in every country's economy. The year opened with the price of Bitcoin at around $6,000. By the time the year closed, the price had already risen more than $20,000. And then the rise continued the following year even though it was still a pandemic year. Although the price corrected around the middle of 2021, it quickly recovered and registered an ATH by the last quarter.


Exactly, bitcoin and the market have had a very good year during the Covid pandemic. Simply because the government has printed money and injected it into the economy to save the economy, and people have also taken advantage of the time quarantined at home to participate in online investment. Therefore, online investment channels at that time had a boom year, not as bad as the OP assumed. The Covid pandemic was a black swan for the world but it wasn't exactly a black swan for our markets at the time.
995  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: November 05, 2023, 11:47:22 AM
Nice can put some pressure on PSG if they consistently win their games, but still PSG knows that they have a very long breath while for Nice one negative pivotal point is enough and they could win several games in a row more likely than PSG. If Nice wants to have a chance to stay where they are, losing is a no-go for as long as possible, but you can see already that not losing is not enough, they have to win their games and not only tie the games. The pressure from PSG will be too high and they can only counter it by winning their games mercilessly.
Now PSG's performance has started to improve slowly, indeed it has a great opportunity to be able to compete fiercely with PSG for the title this season but Nice must be able to maintain its consistency until the end of the season, I think that will be very difficult.
Meanwhile, PSG's increasing performance makes it possible to maintain consistency because the PSG team has high quality players.
If we compare the squads of all teams, of course PSG has a squad that is above average.

PSG's performances at the start of the season  were quite poor and erratic. They also dropped points against weaker teams. But gradually Luis Enrique has been able to stabilize his team enough. And right now the PSG  team is quite strong. In Ligue 1 they started to dominate again. Nice's performance so far has been very good. They have managed to occupy the top spot in the table. But I don't think it will be too easy for PSG to win the title this season even if Nice doesn't win the title. The performances of Lille and Monaco are gradually getting stronger. Both these teams will try to win the title. So it will be a bit difficult for PSG to win the title this season.
996  Bitcoin / Bitcoin Discussion / Re: Do not share your bitcoin holdings with everyone on: November 04, 2023, 02:14:11 PM
While growing up I am used to saying that I am not living to get recognised by people like me, I don't want to be popular and I don't want to claim any big sit or some title to my name, I want to live just like a normal person, so even if I become filthy rich I can decide to still live like a normal person.

Some people aren't even worth much, I meant their net worth isn't much but they will crave for attention themselves, they want to be head and they want to be seen, this are the type of people that easily attracts trouble to themselves.

It's safer to live your life like someone who doesn't have much, some people will say its bad to be a pretender well I believe it's better to pretend not to have than to start running your mouth, those who don't have are the real enemies of those that have, lets be careful of our environment and the companies we keep, no one can see what others have inside them, you don't have to tell anyone how much Bitcoin you are holding, its not worth it.

But that's life, there's this person and that person, you can't expect everyone to think like you. There will be people who live very simply and discreetly even though they are extremely rich, but there will also be people who have nothing in hand , are in debt everywhere but always want to brag that they are rich.

Furthermore, in today's life, matter is what determines human consciousness, many people don't want to be looked down upon, so they often want to prove they have money to gain more respect . But trouble is often beyond their imagination. In my opinion, not only bitcoin, we should not brag too much about any valuable asset, be humble and humble to have the most peaceful life.
997  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: November 03, 2023, 03:27:36 PM
So who do you think will win in this big match? For me, maybe Bayern Munich will win again, but only by a narrow score.
With the Bayern Munich last match against FC Saarbrücken the way it went through I beginning to doubt their win between then and Dortmund, which Dortmund are the one hosting the match and the two teams really need this win to get the best place for now since Leverkusen had occupied the first place with only two points ahead the second place and Bayern Munich will like to maintain the stand while Dortmund will like to end the history of Bayern Munich unbeaten, this match is going to be a tough one.

Bayern Munich will not repeat the same  mistake. Munich's defeat a gainst the Saarbrücken team was just an accident. An  unexpected defeat was for Munich. Although Munich lost, their  performance in this match was  not too bad. Moreover, the match was not important for  Munich. Bayern Munich will need to earn full points against  Dortmund if they want to retain the top spot in the Bundesliga. Bayern  Munich are now 2 points behind  of Leverkusen. Bayern Munich  is doing its best  to reduce this gap. Munich have a good past record against Dortmund. Still, Dortmund are a strong team. The match is also l ikely to be a draw. However, I expect Bayern Munich to win this match. I think Bayern Munich players will make no mistake in this match and get 3 points.
998  Bitcoin / Bitcoin Discussion / Re: No advertisement for btc on: November 03, 2023, 02:46:04 PM
I was just reading this post and thought crossed in my mind that there has been no advertisement for Bitcoin. It's all growth has been natural, it's quite surprising if you think about it.

Bitcoin is decentralized, not owned by anyone, so who is rich enough and brave enough to promote bitcoin when they do not gain any profit from it? Furthermore, it is not a product that needs advertising to bring in revenue, it does not need anyone to maintain its existence and on the contrary, it is we who need it. Not to mention, an extremely high-quality product does not need to spend money on advertising, as long as people use it and share it with each other, it will bring a huge multiplier effect. That's the difference between bitcoin and the rest of the world.
999  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: November 03, 2023, 01:58:40 PM
Yes, I must say that at the moment Juventus, as a fan, is satisfying me a lot.
I am very satisfied even if we are not playing any cups, never mind. But the games are fun and fun so I like watching my favorite team like this. <3
Fun and love Cheesy
Currently, Juventus only competes in Serie A. But this seems to have a positive impact on the performance of their squad itself. Or as many people say, Juventus is better now because they only need to focus on Serie A. So it is not surprising that currently Juventus is ranked 2nd in the standings.

But in the next match Juventus will face Fiorentina. And I think Fiorentina is a pretty tough opponent. But maybe Juventus will still get full points in this match. Because Lazio also just beat Fiorentina. And I think Juventus could have done better than the way Lazio beat Fiorentina.
Juventus who didn't have a good start to the Italian Serie A season are currently doing exceptionally well in the league as they're sitting in the second position of the league table while trailing league leaders Inter Milan by just two points.
They're currently not participating in any other competition apart from Italian Serie A and that I think is an added advantage to the team's fitness ahead of the other top four club's who are playing in Europe. From what I've seen so far this season, I think it's safe to say they're major contenders for the league title

As Juventus are not participating in any other European competition, they have plenty of time to fine-tune their squad. And the Juventus coach used this opportunity very well. Juventus had quite a few weaknesses within their squad. But the coach managed to fix almost all the weaknesses. Juventus team is very stable now. Due to consistent good performances, they are second in the points table, just 2 points behind Inter Milan. I am looking forward to the Juventus vs Inter Milan match in the last week of November. If Juventus can win this match, then I will say that Juventus team will be the champion of this year's Serie A.
1000  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin help? on: November 03, 2023, 01:40:06 PM
It depends but at the end of the day, bitcoins are just an asset that you could just simply buy low and sell high. You need to have enough knowledge in order to make money from it because you need to learn daily trading if you want to make it your daily job. in other words, it is just simply like any other source of income where you need the basic necessity to make it a money-making platform. But most people are just buying bitcoins and holding them for the long term or until they see the price worth selling their bitcoins. Nothing special here you just need to have enough patience to wait and not to listen to any FUDS whenever there's one.

But this is not easy and not many people can do it. Even professional traders or experts are not sure that they can guarantee daily profits and consider it as the main source of income . So how can you ask poor, uneducated and ignorant people to participate in trading? Actually, everyone likes to trade, likes to make money every day by trading. But people just buy and hold for the long term because they know that trading is not easy and most end up losing money.

Yes, it's true, bitcoin trading is an activity full of risks, especially if the capital is small then the results will also be small. One way to trade to make more profits is to trade futures, but this increases the risk tens of times. Carrying out trading activities with the aim of making daily or weekly profits is very difficult and requires a lot of experience

Providing a solution like this to people who don't know about bitcoin increases the risk. I think using trade to help poverty is impossible

For me, futures trading is no different than gambling and experienced people should stay away from it, let alone newbies or people with little capital. Furthermore, not only trading bitcoin, I think investing in bitcoin cannot help the poor. Because to be able to invest in bitcoin, they need money, and how do poor people get the money they can lose to invest? In short, bitcoin cannot help anyone escape or alleviate poverty.

To eradicate hunger and reduce poverty, the government needs to create jobs for everyone, people need to try harder to work, and cannot rely on risky investments like bitcoin.
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