To continue being rich one must make sure that his income is way more than his expenditures. This way his cash flow won't be in negative and avoid reverting back to being poor. One should not be complacent when he suddenly becomes rich, instead should prioritize learning financial management while at looking for profitable investment ventures to produce more wealth. I believe it's okay to buy expensive things right away, as long as we need a small share of wealth to do so and such purchases won't endanger our condition by depriving us of resources we might need for other purposes. I do agree that it's good to ask yourself about the goal, and that buying stuff to impress other people isn't smart, but if it's something you really want, and it makes sense to you, it's okay to buy it.
Of course, if you have outstanding debt, I agree that it must be the first priority to pay it off, and it's not good to take more debt.
I also agree that it is ok to buy expensive things but on the condition that the money spent does not exceed the profit. This way the financial capability of a person won't be affected negatively, that is if the person wanted to maintaining its status of being rich. |
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As students, they don't have to focus on investment because there are more important things for them to do. Learning, finishing their education course and getting a degree which are all more important for them at this period in their lives. Students can do both investment (if they have the money) and learning at the same time so I do not think that attending school is an excuse to not invest in any good investment venture. I am with @OP when he stated that instead of burning money on smoking, it is much better if these students are informed about a possible investment venture that can yield them a good profit in the future. These investment can give these kids a headstart after they had graduated since they may have a good enough fund to support them on their wanted venture. Lives are so long for them to start investment anytime and opportunities are always there in the market. When they get a degree, find a job, get salary, they can have savings for investment, it is never too late. I disagree, life is not that long and opportunities missed are hard to come by again. The same thing with the price of Bitcoin when it was on its earlier days. Besides, investing on something does not need a person to fully spend his whole day every day on it like when investing on BTC, they just need to buy and secure the wallet holding the BTC and wait for the day it hits their target price. So they can still focus on their study after their investment in Bitcoin. |
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Examining the challenges bitcoin faces including scalability issues, price volatility, and environmental concerns relating to mining
In my personal case I can't see any disadvantage or downside of Bitcoin especially in this digital age such a digital currency is playing a very important role in the economic development and improvement of the current civilization. Didn't we experience the scalability issue several times? When someone wants to play the network transaction fee, all these people have to do is congest the network. It could not have been an issue if there was no problem with the scalability of Bitcoin. I agree that developers are working on it but yet it has not been fully solved until now. With these congestions also comes the transaction fee hike. Regarding with price volatility, it is also one of the attractive factors of the Bitcoin market. So I would not consider it as a disadvantage of Bitcoins. Environmental problems regarding Bitcoin mining have been debunked many times I don't know why people still use these things to give a negative impression of Bitcoin. |
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For me both greediness and addiction is disastrous in gambling since both of them can lead to substantial losses but between the two I believe addiction is way worst since when a gambler succomb to addiction, he will have an uncontrolled urge to gamble while greediness still have that control factor.
Greed can lead to a wrong call or mistakes that can cause losses but I do not believe that it can lead 100% to addiction as long as the person don't chase losses. Greediness is something like winning yet a person does not stop until he loses the bet like betting in a parley where a gambler has the instinct that the next game will not result in favor of his bet and yet due to yearning to win more, he did not cash out.
While addiction is something that a gambler who has no control over at all, whether he wins or loses, has funds or not has to engage in gambling activity even if he has to sell all his properties just to gamble.
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In the topic of gambling, I often see the word "entertainment". Nevertheless, each user means some meaning by this. Many people believe that entertainment is the main driving force of any gambling. And many even believe that entertainment is a much more physiological need than, for example, a desire to get rich. If you initially set yourself the goal only to have fun, and limit the amount that you are ready to take a chance, then you play for the sake of entertainment, and not because of the thirst for profit. You risk less. But if you ask you what entertainment is for you, then this question will be at a dead end. They do not know what entertainment is. Wikipedia writes that this is activity for pleasure. Entertainment is subjective so anyone can't really define entertainment for other people. What you see as entertaining may not be entertaining to others at all and vice versa. Some gamblers find entertainment in hitting goals, like setting a profitability challenge for themselves. So whether they lose money or not, taking on the challenge of hitting their goal might be entertaining for these gamblers. Many people gamble because they find entertainment in risk involved in gambling. This is the same reason why people find skydiving, and bungee jumping entertaining, although it has risk of death when something wrong happens. |
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altcoins=>tokens=>airdrop>bitcoin
At the end of these exercises investors will turn to bitcoin as the best to invest because of it quality it has. When beginners are going the wrong way in investing cryptocurrency their is nothing that can be done to stop them but the experience they will go through their is a lot to learn from it to true back to the right thing which is bitcoin.
No, I think most of people who are into altcoins often ends up converting their token to fiat currency. For these people it is a sure profit so why should they convert their profit to Bitcoin? After all those who are into altcoins mostly focus on profit by converting their tokens to fiat currency. Only a few of them will think of converting their altcoins to Bitcoin. So many of these scam projects have already given a bad name to Bitcoin. It has done more harm than good to some people because there were people who already had a big interest in investing in Bitcoin, but because of the bad experience they had with failed altcoin projects, they decided not to invest in any crypto at all. Some people have misconceptions about Bitcoin because altcoins have caused them problems. It takes someone who is very determined to continue seeking the best option after they have been scammed by several projects. Anyone who loses interest in crypto after being scammed by several projects may not get to invest in Bitcoin again.
I highly agree that most of these scam altcoins give a bad taste to cryptocurrency specifically Bitcoin. So I do not think that failed cryptocurrency project will promote Bitcoin since most people especially newbies hardly find the differences between cryptocurrencies. Worst, they will find fault on Bitcoin and retain their negative impression. |
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~snip~
You are making a connection between your online privacy and the use of AV, which has absolutely nothing to do with each other - because AV should protect you from viruses/malware/spyware and not protect your privacy. If you want to somewhat protect your privacy online, then use a VPN or even better Tor, and don't reveal your personal information unnecessarily. I believe they become related when the downloaded infected AV starts digging for the important files on the infected computer. I agree that AV should protect our unit from viruses or any unwanted files but if it comes from the unofficial sites then the worst thing can happen. I don't know what to say about your claim that AV can easily become a virus, but I guess you have your reasons for thinking so...
AV can be easily an hacker application if they are downloaded from unofficial sites. As far as I know, @OP give links of those AV injected by malware comes from the unofficial one tricking naive people who wanted free Antivirus. So people must learn to verify whether an application comes from the official sites since any hacker can just modify any AV and upload it elsewhere. Do people still use antivirus? This is new to me because I have noticed that people do not care a out antivirus again since antivirus am easily because a virus. I take my privacy very serious and that is one of the reasons why I have decided to stay away from using antivirus because they are majorly the problem most of us might be facing when using different gadgets.
We can always stay without using an antivirus if we can maintain our privacy.
Many people still use antivirus and internet security especially when there is a huge risk when browsing the internet. Internet security can halt the access to a suspicious site when an AV can block the download or installation of any file that is infected by malware. It serves as extra layer of security and it does not hurt if we deployed one. |
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The reality tho is the fact that this coin and Crypto in general is backed by nothing but Fiat and this is why I always want to sell my BTC before it's to late (it been stolen but that beside the point)
Literally speaking, Bitcoin or cryptocurrency is not backed by nothing at all. It is backed by the demand of people. Cryptocurrency is a free market where every individual has the right to process a buy order which is called demand. If Bitcoin or other cryptocurrency is backed by nothing at all then you can see its market price plummet to oblivion. It is not only backed by dollar but also backed by other currency due to the variety of market demands. Many people buy Bitcoin through different fiat and cryptocurrencies and it is obvious by the Bitcoin trading pairs. To answer your title, if dollar collapsed, Bitcoin price value in relation to dollar will soar. The lower the value of the trading currency pair is, the higher the price of bitcoin in that currency. |
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But do not forget that no matter how provably fair casino games are, they are designed in a way the casino will earn more money from gamblers. Gamble responsibly with the amount of money that you can afford to lose.
They also have the house edge, so the question is if we are winning. The answer is very simple: sometimes we win, but most of the time we lose. That's how it works in gambling, which is why the trend is that casinos are growing because they are profitable, while the majority of gamblers are losing money. Game of luck, this is what we call it, and that provably fair system ensures that we can trust the game is fair. Maybe the question here is how to verify if the game is provably fair. True!, it is a system where one can check whether the outcome of the game is manipulated or not. I believe the provably game is first heard in a forum in the year 2012 but it was implemented in the late 2000[1]. The given link below simply show how the provably fair game work thus answer on how someone will verify if the game is provably fair. @OP most reputable crypto casinos have provably fair games which can be verified through the hashes given on each bet we made. So if you are looking for provably fair games then you can just look at the list of casinos that are acknowledged by the many members of this forum as reputable which can be seen on this thread created by Pmalaek : https://bitcointalk.org/index.php?topic=5333602.msg56883071#msg56883071
[1] https://coinsbench.com/provably-fair-system-a-guide-to-fair-and-transparent-online-gaming-c5faa1e5f1da |
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They do not really "control" the market but manipulate it, that's different. Control would mean that they would have never crashed, because if they are the ones who control it, they would haven ever let 2008 happen, that was terrible for them and did ruin many companies as well. What they do is manipulate the market, they make whatever they want go up, and whatever they want go down, but they do not have the ultimate power over it. True that, these institutions with their authority and influence tend to manipulate the market. They can freely spread hype and fear to individuals and affect the people's emotions into doing something that can collectively affect the market trend.
@OP let me give you the last needed merit for you to rank up! Congratulations on ranking up to Hero! |
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I believe that it is not committing mistakes that totally help us to become a responsible gambler. It is one of the many first steps but it is the learning after committing the mistakes that help us to become responsible gambler in its entirety.
People can learn from other mistakes in order to know the destructive impact of not implementing responsible gambling. While there are many who do not improve and still does not practice responsible gambling after several serious mistakes which lead them to be trapped, hooked and get addicted to gambling.
I also believe that a gambler does not need to commit mistakes to be a responsible gambler since knowing things and putting self-discipline and their gambling activities in moderation can show a responsible gambling attitude.
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CoinPoker Username: serjent05
Forum Username: serjent05
Total Merits earned (Excluding Airdropped Merits): 255
BTC Segwit address: bc1qt6yad69l9cn7vzzfe6j3h42fffujqvj8de3pth
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The rate of scam that has been happening in telegram seems to be increasing day by day and i was surprised with this strange strategy adopted by scammers so i decided to share it to prevent more people from falling victim. I recently stumbled across a post on a telegram group where a user claiming to be having difficulty withdrawing his funds of $270 USDT from his wallet to Binance and seeking for other people’s help to withdraw the funds.
This is an old tricks and I thought people have grown past this level. The operate this scam by draining the TRX of whoever attempt to transfer the USDT as fees. This is similar to the recent iron airdrop that they scam each of the people that attempt to swap the token about $12 in Matic. This thread explains details about this fake airdrop. I will continue to advice people to apply wisdom all the time. Anyone that have a way of earning USDT should be able to know how to send it, and it takes only someone greedy to fall for this scan. Yeah, I have read the same case like this in the forum several months ago so this kind of strategy to scam people isn't new at all. But, it is still a good thing to remind people to be warry about the old and new tactics of scammers so that we can be reminded about the scamming tactics of these wicked people and at the same time inform newcomers. I believe only people who have ill-intention of stealing those funds will fall victim to that scam so I think that serves them right to get scammed trying to steal other people's property though I say that this kind of activity is still wrong. Scammers are the smart ones?
No, they are not. They are pretty stupid.
They are not stupid but wicked, stupid are someone who lack intelligence or common sense while wicked use their wit to do evil things. |
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It is going to be hard for small and poor countries to make BTC a legal tender, in these countries people are more worried about what they are going to eat, rather than using a censorship resistant currency. Take note that even in El Salvador, a greater population of the people do not even use BTC, neither do they even really understand how it really works.
I think implementing a certain thing to be a legal tender relies solely on the government and its financial institution. Implementing BTC as legal tender is not that hard if the government and its financial institution wanted to just like how El Salvador accept BTC as legal tender. The only challenge is the pressure from outside force and the process of establishing the foundation of the said financial system in maintaining the effectivity of its implementation just like what happened in CAR. Any country as long as the government is willing can accept Bitcoin as legal transaction, after all it is the government that sets rules and policies over its jurisdiction. Not every country can follow the example of El Salvador, there are other structures and very difficult things such a big decision is usually only decided by single person. So if it has to be decided democratically, then I dont think it will happen. It is because not every country shares the same belief as the leader of El Salvador. Just like in my country, even though Bitcoin is legal, it is only recognized as a mode of payment and not as a legal tender. Someone has to have the courage and take full responsibility and enforce it, just like Nayib Bukele. In Europe, I think it is extremely difficult for it to happen. But one thing I am almost certain of is that EL Salvador will not be the only country in the next few years to accept Bitcoin as a legal method of payment.
Legal tender and legal mode of payment is two different thing, aside from El Salvador, many country also recognize Bitcon as legal mode of payment. Here is the list of countries that accept Bitcoin as legal mode of payment: https://b2binpay.com/en/countries-which-allow-cryptocurrency-as-legal-payment-method/ |
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What is the gain if the US dollars is backed by Bitcoin? Is this even a possibility? This came from Kennedy and also Trump claimed that he will make sure that Central bank digital currency won't become a thing. First, I do not think that US dollars will be backed by Bitcoin, there is no gain for the US government to implement such financial system. Remember the government always wanted to have control over their jurisdiction and if possible even outside their territory. So even the idea of using Bitcoin to back up their US dollar won't get into the government financial advisors mind. What is the advantages and the disadvantages you see here? Ate these people just saying anything that they can think of? Or this is possible? The biggest liars of the century are from the politicians around the world , once they get elected they do something else. If in case the US government implemented a US dollar backed by Bitcoin system, then I think the Bitcoin market will surge. The disadvantage is that, the decentralized nature of Bitcoin might be affected since the future development may point forward to centralization influencing the developers or even taking over the Bitcoin development either by force or negotiation. Many politicians are known good talker but I do not think that all of them intend to lie, it is that the law is not established by one person alone but rather by the whole legislative system since there is also these judiciative and executive system in the government that influence each others decision. Will Bitcoin become better if any of these become possible?
I believe no, Bitcoin is good as it is having a decentralized nature independent from any political influence. If Politics enter the Bitcoin ecosystem, we might see "circus" events since I think that there will be a lot of controversy that may happen. |
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Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly? I have a soft spot to people who are needing help and asking me to lend them money for an important stuff so I always lend them whenever I have money in me. I will reject them if their reason is gambling though. And when they are female friends, do you lend them?
I do not discriminate against any gender whether they are female or male, as long as I have the funds to help them, I do not hesitate in extending my hand. People who borrowed money will not say they will use it for gambling. They surely come with a good reason (to the point of lying) so that a person will have difficulty rejecting their request |
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1- People buy Bitcoin because it makes them profit from it
2- Bitcoin makes profit because it makes people buy it
It's a circular argument, and creates a perfect closed system, no other "product" can make it, in the center there is greed moving this perfect circle Bitcoin is not a closed system when it comes to economics because there are lots of factor affecting it. The increase in price of Bitcoin is not as simple as people buying because of profit and price increase because people are buying it. Remember in this process people also need to sell in order to bag in profit. Outside from selling, there is also emotional and logical factor included. There is also the need for adoption, marketing and hype which is outside factor that affect Bitcoin performance in the market. There is also this manipulation that greatly affect the fluctuation of the Bitcoin economy. And why it's impossible to copy bitcoin's proof of work, meaning that only bitcoin's proof of work is valid:
If many people wanted to buy another PoW coin instead of Bitcoin, the price of Bitcoin would rise, meaning it would generate more profit, which would make people buy only Bitcoin. Therefore, it is not possible for people to buy another
proof of work coin instead of Bitcoin because this would make Bitcoin's price increase generating more profit, which would prevent competition. Each cryptocurrency have their own community and market performance, emerging cryptocurrency can copy the template of Bitcoin but it cannot duplicate exactly the effect of Bitcoin because of the said different market audience. People are free to invest their money to any POW that emerge in the market since it is a free market and no one is controlling people on where to invest their money. Whether we acknowledge it or not, there is always a competition between cryptocurrency since this competition is created the moment a certain new cryptocurrency is created, it is that these later cryptocurrency is unable to best Bitcoin. a- If people starts to buy other Bitcoin competitors, it would make the Bitcoin network less secure It is not the buy and sell of Bitcoin that made it secure but the hashes produced by mining Bitcoin. So it would make sense if you stated that if the mining farm that were mining Bitcoin shifted their hashes to other cryptocurrency, it will make the Bitcoin network less secure. c- Then if the Bitcoin network becomes less secure, then all parties, buyers and sellers, are forced to accept a higher Bitcoin price to make the network more secure, and this price increase discourages/block people from investing in competitors Again it is not the bitcoin market of selling and buying that make the Bitcoin network secure, Bitcoin can be secured even it price collapse as long as the miners remains, after all it is the number of hashes mining to solve the block that has the direct affect tot he security of Bitcoin network. |
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Internet is full of reassuring stories on big gambling wins like ten/hundred -thousand-dollar, or even more, while in most cases the gamblers are losing because they are either not the experts in on gambling they try or have not relevant skills and make foolhardy bets. It is not about being an expert that one is able to win in gambling activities especially when they are dealing with chance-based games where the result is done through generating random numbers or RNG. I'm sure everyone here involved into gambling has made such reckless bet at least once in life.
Did such bet/s change your gambling styles? People learn from experience, so yeah experiencing careless bets that resulted in a big loss can change one's gambling style and I am not exempted to experience such. Have you become to be more eager in gambling or , on the contrary it has put a chill on you?
I stay calm and think of ways to control my tempo while engaging in gambling. Since the experience taught me a lesson, I tend to be in control and try other approach and avoid acting carelessly to minimize losses and extend the time of my gambling activities with the same amount of bankroll. |
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Casino coins don't revolutionize the gambling or financial system. Casino coins are simply integrated on the website for holders, i.e. for premium users. When casino creates a casino coin, they want to get some additional funding from members that they later can use to grow casino, offer many promotions, vip features and so on. So, my personal opinion is that casino coins are a good investment choice for those who want to get fun and entertainment from their investment. What I mean in fun and entertainment? When you hold coin and get free spins, increased cashback, high APY, you really get fun from this process.
I think that investing in casino coins the way we invest in Bitcoin, Ethereum, BNB and so on, is risky.
Most of the casino coins are given through the players gameplay, so I do not think there is a need to invest on them except if they wanted to buy it outside the platform. In addition casino coin also adds up to help casino revolutionized its award system. It may not be the complete factor for a dramatic changes but it helps. Imagines aside from the normal cashback and rakeback, holding casino coins makes a player enjoy an additional bonuses that the casino offers which is unreachable by non-casino token holders. More or less casino coins helps the casino to get the attention of people who wanted to have an extra bonuses in engaging gambling activities. When it comes to bull run season, I think casino coins just like any other cryptocurrency will be envelop with hype and possibly get higher price than its usual market price due to the speculations and hypes that these bull run can bring to the market. |
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