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1  Economy / Speculation / Re: Will Bitcoin Always Be in an Uptrend? on: June 02, 2024, 03:39:53 PM
Since the launch of a bitcoin exchange-traded fund earlier this year, bitcoin has recovered and even surpassed its all-time highs set during the 2021 bull run. But for weeks, it looked like the largest cryptocurrency was trading sideways at best.

It depends on the timeframe that you are using to look at Bitcoin that will determination if Bitcoin is in an uptrend direction or going downwards. If you bought Bitcoin at the highest price in a bull market, Bitcoin will keep going downwards in your own eye but for an investors that bought when Bitcoin was having a correction and then the price starts recovering, Bitcoin will be going in an upward direction. If you buy and hodl Bitcoin, you will always be in an upward direction after some years because Bitcoin keeps adding value. The value of Bitcoin will keep adding price as there is more adoption for Bitcoin, the more popular Bitcoin is becoming we can only expect for there to be more investors and it will make the Bitcoin price to keep going upwards.
2  Economy / Trading Discussion / Re: Before Trading Bitcoin you should... on: June 02, 2024, 03:31:03 PM
The crypto market moves very fast so we must always be able to adapt to any situation and the most important thing is the knowledge to trade and continue to learn at the same time.
Regarding failure in trading, it is quite normal, everyone has probably experienced it, but the most important thing is how we can learn from what happened and turn things around.
I totally agree that there should be no giving up for those who have lost in trading, they should keep learning and try again.

All traders will fail when they start trading because trading on live market is not the same thing as trading with demo accounts that many traders use when practicing how to trade and think because they have become good at demo trading that they will make good trade when they start trading on live market but you can lose money quickly than you make profits with love account therefore before trading Bitcoin you need to know that making profits is not alwa easy but if you stay focused you can make profits when you know how to interpret how the market is heading. Trading needs you to be quick to take actions and not waiting for a long time or you will miss entering the market at the appropriate time or exiting the market before it starts dumping and you get dumped on.
3  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: June 02, 2024, 02:28:26 PM
To be honest, I would have loved Dortmund to win this trophy.Real Madrid are already the favorites for this trophy, so there are very few teams that can stop them here.Dortmund made it to the final and maybe this time I expected them to lift the trophy against Real Madrid, but it didn't happen. Even though they played a good game against Real Madrid, they couldn't do it.Real Madrid are in great form and are always the favorites.Fülkrug played badly throughout the game in my opinion.The team as a whole is good and the striker needs to make the most of his chances.

You do not miss chances when you are playing in a champion league finals and you do not do that when playing against Real Madrid or they are going to make you regret that decision. The previous champions league finals has ended in a one goal winner because the winning clubs took their chances but Dortmund were just playing like they are playing against a weak team. Real Madrid did not play very well in the first half and that was when Dortmund would had used that opportunity to score so they can dominate the game but they did not take the game seriously. The substitution by the Dortmund coach was bad because I observed that the game changed after his substitutions because that allowed Real Madrid to come out into the game and score two goals.
4  Economy / Gambling discussion / Re: Committing mistakes helps us to become a responsible gambler. on: June 02, 2024, 02:16:11 PM
Therefore, I would say that we don't have to be afraid of committing mistakes because this also helps us to see things that we need to change and become a responsible gambler.

We do not have to be afraid of committing a mistake when we can learn from that mistake and improve on the things we are doing but making that mistakes when you do not have a chance to learn from it will be a waste of your money. If you made a mistake when gambling and losses that money, you can not make back that money and if you decide to try to recover your money you might lose more money. What you should do is to learn from the mistakes that you made and not do it again but do not to try to correct the mistake by recovering the money. If you do not make a mistake you would not know that doing that thing is not going to work for you therefore mistakes are good but they should not be very costly mistake that can make you to lose a big sum of money that it will be difficult for you to recover form the lost.
5  Economy / Gambling discussion / Re: Kicking/banning and or limiting a player for winning too much on: June 02, 2024, 02:06:59 PM
Now, I just want to ask us, if you own a casino, and a particularly customer is always winning, winning and winning, would you kick/ban the customer, or limit him or her?
And why please?

Why do casinos limit or ban a user when he or she is winning too much, but do not do the same when the user is losing too much as well?

When I own a casino, I would not limit or ban a gambler that is always winning from my casino, of I ban him it might bring bad publicity to my casino. I said when because I have plans of owning a casino someday and I would not stop anybody from winning in my casino. If a user keep winning I'll use him as my ambassador to promote my casino and use his reputation to bring more players to my casino. He is going to have some gamblers that will be following him therefore I'll use him as the face of my casino to bring trust to the casino and the gambler will believe the transparency of my casino. He will then have other things he can concentrate on to make money and also be bringing me money but not to take money away from my casino by always winning
6  Economy / Gambling discussion / Re: Greed can cause a lost bet, (true or false) on: June 01, 2024, 11:01:55 AM
But experience should teach one to not repeat the same mistake again. I have had experience of greed, its mostly the same cases. Where i won in a bet and could take my profit and leave yet i ended up losing everything because i was aiming for something bigger.

Greed has no good outcome because greed will only make you to keep losing money when you are gambling. A gambler is not supposed to be greedy but comfortable with the profits that he has in spite of how small the profits might be. Being greedy is one of the things that makes a gambler become addicted because he will always want to win more money but instead he'll keep losing because he is not contended with what he has. Some people would had won big but when they want to try again to increase the profits that they will make from the game they are gambling on, they will then lose everything that they have made. Greed does not only cause loss but it affects you in a way that makes you to not feel happy with your won prize in spite of the quantity.
7  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: June 01, 2024, 10:12:28 AM
Al Hilal won and were crowned champions. Al Hilal defeated their rival team Al Nasr, which is very sad for Al Nasr. Because the process of Al Nasr losing to Al Hilal was very easy. They defeated Al Hilal very easily. Ronaldo broke down in tears after the penalty shootout. Because Ronaldo knew that his teammates would disappoint him.

Al Hilal has been more determined than Al Nassr this season because after going down to 9 men to Al Nassr 10 men still they were able to hold Al Nassr to a draw and took the game to extra time. This is not the first time Al Hilal has won Al Nassr or taken a trophy from them. They did it in the league and has also taken the King cup of champions trophy from them. They are a better team than Al Nassr and they deserve to win the league title and the kings of cup trophy. Al Nassr need to improve on their squad because they do not have a good squad, they only have Ronaldo that can change the direction of the game for them and he can not do that every time. They need someone to assist him so they can win trophy for the club and they also need to work on their defense because they are defending very poorly.
8  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: June 01, 2024, 10:00:53 AM
The both teams have the chances of winning because they are both in a good condition now, but Real Madrid have the higher chances of making it due to the regular participation and it have become part of them, this alone creates fear in the mind of opponent when they are facing Real Madrid in champions league final, they have the experience and currently they are in their best form, but still i can predict this game, let wait for the time and see who comes out champion.

Real Madrid are always favourites to win the championship league and when they get to the finals, it is always difficult for any other team to defeat them. Real Madrid has a better squad and more experienced players therefore Dortmund are going to be playing the biggest match of their career. Real Madrid has a better and more experienced coach, everything is in favour of Real Madrid to win and it will be very surprising if Dortmund come out victorious but I would not say it can not happen because what determine if a teams is going to win is their determination on the football field. If Dortmund knowing that this might be their only chance to get the champions league trophy and play with all their strength, they can pressure Real Madrid into accepting defeat because no team is above getting defeated.
9  Bitcoin / Bitcoin Discussion / Re: Do not fall for success stories of bitcoin investors on: June 01, 2024, 08:14:40 AM
I have seen new investors being carried out by seeing the success of big bitcoin investors. But , this is wrong approach in my opinion. Because, I personally feel that most of the people fail and they will never share their story. So, most of the stories that new guy searches , he will find only good success stories. But that is not correct overall picture. One should keep the limitations of crypto in mind as well. What is your opinion about this ?

There is no success story that do not have its challenge but people do not talk about the challenges but only the results. For you to become successful you have to pass through many failures therefore we should not only be expecting good results when we invest in Bitcoin. Sometimes the market will fall and if you do not have patience you will be tempted to sell. Some investors did not keep their Bitcoin safe and they lost it so you have to be very protective of your Bitcoin so you do not lose them. We have to learn from all the stories that we heard as it will help us to become successful too. Listening to their success stories should motivate you to want to be like them and prepare you for the worst that you are going to encounter. To avoid losing you should do the things that are right by not storing your Bitcoin on exchange but buy a hardware wallet and keep all your Bitcoins in them.
10  Economy / Trading Discussion / Re: Trading not for everyone! on: June 01, 2024, 08:00:59 AM
Yes definitely trading is not for everyone, there are people earn big in trading but there are also people earn small amount and many also lose, we have different experience in trading and those who already earn continue but to those who are not lucky they already quit in trading, so i think trading is not really for everyone it is maybe only for those who are lucky in trading and not everyone is lucky so its not for all.

You can not know that you are lucky in trading if you do not start to trade because it is when you trade that you can see how bad or good you can be and work on improving the areas that you are not good in. Some traders are very lucky with trading new altcoins than old cryptocurrency therefore they have to continue trading new altcoins to make money. Trading is not for people who will not be serious to learn trading and become a master at trading. Everybody can become a good trader, it only depends on our determination and the information that we are receiving because it is how well you are informed that you can use that information to make good trading profits. Do not think you can not be good at trading until you have done it and do not see a passion in trading for you.
11  Economy / Gambling discussion / Re: People keep asking me to borrow money, some of them for betting on: May 31, 2024, 08:37:35 PM
I was actually thinking of this. Perhaps they lied about the purpose of why they are borrowing the money but in fact they will be using it on gambling activities, will be the same as with those who directly announces it, although it would have higher intensity with the first condition because of lying tendency but things would be the same.

They mostly lied when asking for money then use the money in gambling because they would not tell you that they are borrowing the money to gamble. They will tell you that the money is going to be use for something important or an emergency then they are just going to gamble the money away and come back to you for help again. Gambling addicts do not learn from their mistakes but continue making the same mistakes every time and keep being in debt. When you borrow people money, do well to know why they need the money and if you know someone to be suffering from gambling addiction, do not borrow them the money because they are going to use it for gambling and continue to be a victim of gambling addiction. If they do not see any money, they will not have what to use in gambling and it can be helpful.
12  Economy / Gambling discussion / Re: Which type of gambling have more gambling addicts ? on: May 31, 2024, 08:29:02 PM
For me it depends on what is the most and easiest access for gamblers whether online or offline though I don't have the data for each games but I think card games will be on this list as it can be played online and offline. Here in my place and country as a whole it is the most common gambling game you will find on each towns aside from cock fighting, cara y cruz and lottery which is not as common as card games do.

Card games will have many gambling addicts for sure because they are very popular among gamblers and they are not easy to win therefore more losses will be recorded when playing this game. Poker is a card game and being played by many gamblers in physical casinos or online casino. Sport betting is another type of gambling that is being played by many people. Sport betting is so popular that some casinos have already started adding sport betting to the games that they are offering because of the customers of players that have interest in sport betting. Sport betting happens online and in physical shops and have many youths gambling every time there is a soccer game or other sporting activities that they are a fan of. Sport bettiers do not know that they are getting addicted because they will think that they are only doing it for entertainment.
13  Economy / Gambling discussion / Re: Saudi Professional League 2023/2024 on: May 31, 2024, 08:07:53 PM
Ronaldo may end up really frustrated because Al Hilal scored so early in the game, and at that point he would have been thinking that they were going to get one goal back and turn the game around, but they have not and the game just has less than 20 minutes in it until it is over. The same blueprints with which Al Hilal defeated Al Nassr three times already this season before is the same tactics and method that they have used in this game and it has worked still. Good defending from Al Hilal to stop Ronaldo who has been on a scoring spree.

As they are defending against Ronaldo not to score them, they will give an opportunity to another player to score and this has happened because  Yahya has scored in the 88 minute and the game has become more entertaining. This is the last chance for Ronaldo and Al nassr to win a trophy this season and they deserve it because of how good they have being playing. They have just been unlucky not to win the league this season because of their poor start to the season. The game is in the extra time and the score is still a draw. Two Al Hilal players have gotten a red card in the last minutes of the match. Bulaihi got his red card in the 87th minutes and Koulibaly got his at the 90th minute. The game should be in the favour of Al Nassr as they have more players on the field.
14  Economy / Trading Discussion / Re: What’s your portfolio building strategy for crypto? on: May 31, 2024, 12:06:00 PM
Ill do a separation of accounts for long-term trading and short-term term so its easier to me to manage which account is struggling with the current market situation that's all but in terms of AI I didn't use this for having a suggestion what kind of strategy I will commit its just ideal to use for information gathering so I can make a decision making for my future movement for the market to get profit. Why not use those AI to learn more and being dependent on it just a cent.

Separation of account is a good Idea because it make it less complicated to monitor your accounts. I have also thought about this and have decided to have difference accounts with different portfolio. One will be for short term trading and they will be filled up of altcoin with high risk and low market value that have potential to pump. I might have some memecoins in there just to see how well they will do when the bull market starts then the second account will be for big marketcap altcoins and Bitcoin that will be used as my main investment. I would not just buy all the tokens but dollar cost average into them to make it less costly for me because buying all one time can make you to buy the tokens very costly. My long term portfolios will be for holding but my short term portfolio will be for trading and taking profits.
15  Economy / Speculation / Re: BTC 2030 Assumptions on: May 31, 2024, 11:52:45 AM
Hello Everyone,

I'll keep this short.

BTC 2030, what is your educated opinion on the state of BTC come the end of the decade?

I do not think I have said something on this thread before in regards to my prediction for 2030 therefore here is my prediction. I have read what others are saying and I see some positive thoughts therefore I also have to write my thoughts. I think we have to see how well Bitcoin is going to do in this bull market to know what will happen next. If Bitcoin surprises everybody and rise above $200,000 then we can expect the price for 2029 to be around $500,000 but if the price does not pass $$200,000 in this bull market then we should not be expecting anything big in 2030. The next Bitcoin halving is in 2028 and after then we can expect the top of the market to be in 2029 therefore 2030 is going to be a bearish year for Bitcoin as some corrections will be happenings to the market. 2030 might not be as bullish as we are expecting it to be.
16  Economy / Gambling discussion / Re: UEFA Champions League 2023/24 Season on: May 30, 2024, 09:24:12 AM
As we are having hype about this match, most chances we will be having one-sided affair because Real Madrid will be never allow Borussia Dortmund to have any problem for them with their attack even their defense is amazing in last few games.

The season is ending with the underdogs having the last laugh because they are defeating gaints that we did not think was possible, Manchester United defeated Manchester city in the FA cup final and nobody could have seen that coming, Atalanta defeated Leverkusen and ended their unbeaten run in the Europa League and this was one of the shock of the season as Leverkusen could not score. We now have Dortmund against Real Madrid, are we to expect another underdog stories becoming triumph. Real Madrid are champions league giants and if they lose it would be a disappointment because they are favourites to win but if Dortmund wins, the whole world will be jubilating with them because they just defeated the best team in the world. Dortmund do not stand a chance against Real Madrid but this is football and things can change on the field but for Dortmund to become winners they have to be prepared for real madrid comeback spirit.
17  Economy / Gambling discussion / Re: Greediness or Addiction -which one is more disastrous? on: May 30, 2024, 09:15:15 AM
Well, I believe that both Greediness and Gambling Addiction make our lives terrible. I was thinking about which one of the two reasons causes more disastrous in our life both in terms of mental health and finances.

I was thinking about this two and I go confused which one I should consider more disastrous because as a gambler you can not just get addicted out of no where, there are some things that can make you become addicted and greediness is one of them. But then greediness is just one thing but can can lead to many disastrous things though addiction has many other bad characters in it. When you are addicted to gambling, you are irresponsible, you do not know how to manage your money and time. Greediness is a sin and leads to many bad things because you would never get satisfied with what you have and always want more which can make you to start wanting what belong to others and can lead to stealing or killing just to get what you want. In gambling though, addiction should be more disastrous than greediness.
18  Economy / Gambling discussion / Re: Is this true or some superstitious believe about gambling? on: May 30, 2024, 08:54:11 AM
To answer your question, I will say that this is a matter of faith. This means that it is impossible to determine whether it is true or not. It depends on whether a person believes in it or not. This cannot be proven or disproved. You can talk a lot about who is behind this - demons, vampires or Santa Claus. This cannot be proven; it all depends on your attitude towards it. I believe that God revealed to us what we need to know, He hid the rest from us.
I am deeply convinced that behind many bad things it is not demons, but human stupidity.

I think it's demons because Christianity said God banished many angels that was taking the side of Lucifer when he chased them away from heaven if we are believing the stories in the bible. Superstitious are real in gambling and sports, some players have their own superstitious that they believe in and it works for them. Christiano Ronaldo said he does not like touching trophy before playing in the competition and it works for him because he has won many trophies while others in spite of if they touch or kissed the trophy they still can win it. Messi in the 2022 world cup touched and kissed the world cup trophy before playing in the competition and he still won it but Ronaldo that did not do that still did not win it therefore it can work for some people while it would not work for others. Gambling is mostly about luck therefore superstition can be used when gambling and you win.
19  Economy / Trading Discussion / Re: What type of a trader/investor is this? on: May 30, 2024, 08:25:17 AM
Heard of many such stories where traders without strategy losing it all due to sheer greed, expert traders will always use take profit and stop loss functionality and these new coins are pure pump and dump which we knows that will eventually end up as zero still people try experimenting just because some random user got lucky. Instead they need to work on strategy and shouldn't divert from it.

It is always the traders that do not have a trading strategy that goes on the internet to complain after they have lost their money, if a trader had a trading strategy that involves selling at an exit price, he would not be complaining because he would had sold some part of the profits and would not be in this situation that he is losing everything that he got from the trade. I do not consider this type of people as traders because they do not analyse the market but was only hoping on luck to help them. If he did some analysis, he would had known that it was not the perfect time to buy the token. People think trading is a joke and everyone doing it is just lucky and easy and this make many people to think they can be successful at trading but end up in the losing side when they start trading.
20  Bitcoin / Bitcoin Discussion / Re: Don't advice anyone to invest on Bitcoin if he doesn't have Alt. income on: May 30, 2024, 08:10:29 AM
So I've told him that I'm not involved if he gets to Invest at this time because I know he'd panic over the volatiles of the bitcoin market since he doesn't have  another source by which he can rely on earning income to process his financial needs. The choice is his to decide because if he had alternated his source of earning to bitcoin since I told him, the dividends of his bitcoin assets would had be reliable to him after much he may have made some profits from it. It'd had also served as means of savings and factor to encourage him to be economical with his luxury life which he doesn't have the potential to continuesly afford them

You did the right thing by protecting your cousin from investing in a desperate way, currently he is in desperations to get a new source of income because his old source of income has ended and this can make him to make irrational decisions that will make him to lose money and you are going to be the individual to receive the blame despite the fact you were doing something good for him because you introduced him to investing in Bitcoin. Let him first look for a new job then he can invest in Bitcoin and save up money to be investing more in Bitcoin to prevent him from not having another source of income to rely on if he was to lose the job again. He has already learnt his lessons and he would not behave in the way he did when you first told him about investing in Bitcoin. Experience teaches us lessons that will help us to make better life decisions.
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