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June 14, 2024, 02:10:52 AM *
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1  Local / Nigeria (Naija) / Re: Can Bitcoin help to reduce crime? on: June 12, 2024, 07:21:26 PM
Although, there are so many factors facilitating the increase in the rate of crime in our society but if we critically deepdown on the root of incessant increase of crime and other criminal activities in our society today it will be so notable that poverty and unemployment especially among the youth are the major anchor to the increase in crime and criminal activities in the society. I think if there is adequate sentization of Bitcoin in our society it will help in the reduction of crime because many people that are involve in some fraudulent activities today would venture into Bitcoin and be making a reasoning resource from Bitcoin if really inconcated with the actually knowledge and information to be successful in the system.   

What do you mean by sensitization of Bitcoin to the society? Bitcoin adoption doesn't mean it will reduce the rate of crime if we are been honest with each other, by the way it's not everyone that will still use Bitcoin if it becomes legal in a society, and not everyone even have the power to buy it. Beside, look how expensive Bitcoin has become now, if you buy $100 of Bitcoin it will take time before you make 5x from that judging by the current price of Bitcoin.

Employment and insecurity is the responsibility of the government, it's not in the responsibility of Bitcoin to do that but if anyone has invested in it when the price was still low, they are lucky to be financially okay and buoyant enough to handle their responsibilities but how many people can come out to say they have atleast a Bitcoin in their wallet.

Bitcoin can only help individual protect their wealth against inflation depending on the price you bought it. If you buy Bitcoin at high price or at the top, you might need to hold it for long time before you can recover from the price if it fall to make back your capital and perhaps some profits.
2  Local / Nigeria (Naija) / Re: Challenge of Bitcoin as the only source of income on: June 12, 2024, 07:04:04 PM
Bitcoin is a genuine and financial intensive business that has the potential of financial sustainability of a knowledgeable in the Bitcoin system as a career and only source of income but considering the nature of the world we are living today telling people the source of your income is not adviceable for security purpose. so if you are living in environment where people don't know that you are into Bitcoin, they don't see you go out for a job hunt or for business but know very well that you are living average life without financial stress while always indoor that will become to question your source income or start having negative impression about you and your means of surviving.
So, my question is, what are you going to do if you find yourself in this kind of situation? 

I will not tell anyone my source of income is bitcoin for security reasons. The world knows about Bitcoin and everyone knows how valuable it's, saying that to people might only invoke more insecurity around you, it can come from your friends and even immediate family members, we have seen cousin stealing from each other, it's not a wise decision to ever tell anyone you earn Bitcoin or have Bitcoin.

If you live alone, I don't think you need to make explanation to anyone and what you do but if you do leave in a place where people are inquisitive and want to know what you do, simply tells them you do gigs and write content online, that's your means of making money, an educated person understands what it's to work for someone online or better still tells them you a trader but don't go into details about it unless they are your guardian but you don't have to spill everything to them.

By the way, I don't think someone who buy and hold Bitcoin for time will be living an expensive lifestyle that will brings such questions, you must have hold into some coins after a while before you can make money here, I'm not if such will create unnecessary questions unless you must have invested in Bitcoin since 2009 or make some lambo money from meme coins that can make you rock under a week.
3  Economy / Gambling discussion / Re: Trading or gambling? on: June 12, 2024, 06:49:27 PM
1. In trading there is a stop loss, there is averaging, there is a hold, that is, the ability to hold a position for a long time until it becomes profitable. There is none of this in gambling.

In trading, you can make it and less risk than gambling. With a particular token in a bull run, you can ride a particular coin and make more money with good profits, it's always certain to make money in trading when the market is good and it can be seen but gambling is not something you can see and the outcome isn't something you can control.


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3. Trading includes derivatives and leverage trading. Of course, these are tools that require a lot of knowledge, but nevertheless it is possible. Derivatives allow you to hedge a position. In gambling there is no concept of position, there is only a bet.

I don't like leverage though, I see them as another form of gambling, you are literally borrowing money to gamble and if it doesn't go well, you will lose everything. I can bet with the market with a sport trade but I wouldn't with leverage simply because of liquidation.

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What advantages do you think sports betting and card games have over trading and investing?

The only advantage of sport trading is that the day you have luck from one game, you will make huge amount of money if it's a plenty odd with good money but trading takes time but less riskier than gambling. Overlall, I will chose trading over gambling twice on Thursday.
4  Economy / Gambling discussion / Re: Experience with online gambling on: June 12, 2024, 06:35:32 PM
Hey guys! I'm curious, has anyone else out there had any experiences with online gambling? I've been thinking of giving it a shot, but I'm not sure what to expect. Are there any reputable sites that are worth checking out, or are they all just scams? And what about the legal side of things - is it safe to gamble online in the first place? Would love to hear from people who have tried it out and can share their two cents.

Have you been betting on physical gambling places or you mean crypto gambling platforms? I'm surprised but nevertheless, I recommend you Rollbit, I have non them for some months and they have a good reputation on this forum, not only that, they also have a strong community in this forum and they have a support here as well incase you have any problem, you can open a thread here with your ticket and rest assure they are going to attend to you.

They also have other utilities for their Casino like the Rollbit tokens, if you love the platform, you can play around some money with their token, they have future trading as well. So if you are a typical trader that enjoys future trading, you can make use of them but I hope you understand the risk of gambling and also the risk of future trading, gamble responsibly with the amount you can afford to lose.
5  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: June 12, 2024, 06:28:30 PM
Manchester United is a team at that level and the target of winning is the most natural thing when they spend a lot of money to recruit quality/new players, but this is not easy, everything requires a process and Manchester United is going through that process with Ten Hag.
Manchester United management has changed coaches in the last few seasons so there is no reason to look for a coach and expect instant achievements. Everything needs a process and in my opinion what Manchester United management is currently doing is correct.
Now Ten Hag only needs a few additional quality new players to fill the squad and I think Man United under Ten Hag will be much better next season.

When you team has a good defensive players but lack attackers, they will suffer in many of their matches and that is what I see in the situation of Manchester united, they need new attackers. Just imagine if a team doesn't have a good attackers, when they can't make a single shot on target for 45 minutes Ina tough match, there is no way there attackers wouldn't get tired, that's why many times they more often of defensive games instead of attacking games.

They should invest in a one strong attacker particularly a striker who can give them a strong hold of any defenders or build two wingers and one tapping man just like Guardiola did with Manchester City, he used Haaland, Fodin and Kevin to distribute attack on enemies and it's working for him when they need them the most, with such strategy Manchester united don't need to spend money on a new coach if that's what they want but a new coach will go a long way.
6  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: June 11, 2024, 07:44:56 PM
If we compare Arsenal's squad with Manchester City's then we will see that Arsenal's squad has fewer star players than City's. The bonding between Arsenal's players was very good and that's why Arsenal performed so well this season. and continued to challenge for the title until the end of the season. There is no doubt that Arsenal have played very well this season.

Mikel Arteta is looking to strengthen his squad. Arsenal have had several weaknesses this season. So they are in China to win the title. Arteta is looking to build a squad more capable of winning the title next season. The coming season is going to be even more exciting.

If I want to be honest as possible, Arsenal got the best squad right now, look at what they have pulled with Manchester City this season. If not for the mistakes they made when they needed points the most, I'm not sure Manchester City would be able to cover up from most of their mistakes but they were able to survive even though they weren't able to win the Premier League but you never can tell, they might one season break that wall that is stopping them from winning the Premier League.

With a little pinch of salt and tweak, Arteta can reconfigure Arsenal team better and now that Manchester City are shaky with some important players trying to play for me, I'm not sure about their future from in the next few years, even Haaland wouldn't be there forever because he can't do without a good support from midfielders and if the current ones moves, he will become helpless in tapping goals.
7  Economy / Gambling discussion / Re: Understanding the Impact of Social Media in Gambling. on: June 11, 2024, 07:25:04 PM
Yes it's very important to let your children know all this information from you before getting it outside either from friends or read them by social media, for those parents who in one way or the other gambles and most of them save it keeps their betting slip's any how, hidden information like this put the children into very high risk as they must be curious to know about the betting or gambling outside your knowledge that may mislead them.

But we are forgetting the important part, I mean look at casino adverts everywhere the kids, you will hardly watch cable TV these days without seeing Football and sports adverts, even on road side they are everywhere and you don't know how to protect kids sometimes but just keep telling them the dangers of gambling and why they should avoid them and ditch their friends who are fund of gambling at younger age, there should be child control from gambling.

Even Google are guilty of this, they personalized user information and gives adverts base on what you do with your phone. Imagine a situation when the kids start enquiry about gambling and all of a sudden they start feeding them with some information with promotional ads they aren't supposed to see, these are the undisclosed situations about gambling and the kids which need to be given proper care and attention. A safe gambling space is a safe future for all the kids.
8  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2023/24 on: June 11, 2024, 07:09:42 PM
This also applies to Barcelona who should not take Girona lightly because in fact this season Barcelona has never managed to beat Girona in the 3 matches they have played in one full season. So the quality of Girona players is not much different from Barcelona players at the moment and like it or not, Hansi Flick must be able to overcome this challenge with the available players. Hansi Flick has plans to sell several players and let's see to what extent Barcelona's finances can meet Flick expectations for next season.

Same Girona minor teams in the Laliga were flogging like normal days, I Think Barcelona let their guards down for Girona and that went hard on them otherwise on a normal day, Barcelona will not be that low to allow a small team win them just like that, it wouldn't happen like that but that's all for last season. I'm not concerned about the past but they should worry more about Real Madrid, with the moves Real Madrid are doing, Laliga is going to be tough for many teams next season.

They should focus more on their players and improve a standard squad, I'm also not too confident about Flick performance in Germany, last time he won a trophy was 3 years and that's why Bayern Munich fired him but now he is here in Barcelona that we're struggling to make it to the tope of the table. Messi absence from this club really beat their aura, not a single Champions League since he left.
9  Economy / Gambling discussion / Re: Is web3 casino the new trend for casinos? on: June 11, 2024, 06:51:23 PM
I noticed that there are a lot of web3 casinos popping up in the gambling section. I'm curious if this is the new trend for casinos, as web3 casinos eliminate the KYC requirement since they promote "Anonymity and Privacy," which crypto casinos (not web3) cannot offer because they are regulated and bound to follow the mandates of their regulators.

However, from my other research, I also read that although web3 casinos are not universally regulated, they could still be compliant with regulators, especially concerning Anti-Money Laundering (AML). This puzzles me because I thought web3 casinos would completely offer anonymous gambling, but the word "compliance" suggests that we will still need to verify KYC.

What are your thoughts on this, and how deep is your understanding of web3 casinos in terms of their legal parlance?

Regulations Crack the box of money laundering, I wouldn't be surprised the traffic and trend coming from web3 gaming is as a result of money laundering, it is there even though it might not be obvious for now but I think this was how gambling use to be on the normal web2 where you just play even though you don't have access to your own funds, there were nothing like KYC then, in fact people were avoiding kyc back then until almost all casino where not operating without the use of KYC.

If Dexes could survive all the attacks of the regulations commission and still functioning to date, I'm not sure web3 gaming will leave sooner, they exist on their own but because of regulations, they might not outshine the normal gambling that we have and for their fear of scams, the growth will take a lot of time before they reach where they can stretch to, regulations can hinder the growth of anything you know.
10  Economy / Gambling discussion / Re: How were you able to handle a losing streak up to 5 times and above? on: June 11, 2024, 06:42:26 PM
Lesson so far, the need to manage risk is highly recommendable, stick to plans and never go above your plan, all this while my profits have been much higher than my loses, but a single week took the majority of those profits, Therefore, even though you are these profitable person in gambling just as I have been all this while, there may be a rainy day for you and what would protect you are these strategies in place.

Have you had this experience before, and how were you able to manage/handle it?

You are lucky to have your losing streak stop at 5, with the kind of games that you selected, you have low chance of winning and this isn't because it was dominated by players or not balance, it's because Euro Championship isn't the kind of regular season we are used to, not some players you expect are called for playing and you don't even know how dominant some players are after the main season in their club, this is why I don't bother myself to play off season games.

Any game that is not September to June, I don't bet my money on them because I know for sure I'm going to lose, there is now way Argentina of 2022-2023 will be the same for that of 2024, there is going to be some changes. The only time I think is okay to bet off season games is when they approached quater final that's when you begin to predict some characters of some players and teams but make sure you don't bet on straight wins, over or under are easy to predict.
11  Economy / Gambling discussion / Re: Can someone take gambling as a source of income to he/she life? on: June 10, 2024, 09:15:34 PM
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I said let me express my feelings towards this to forum gambling discussion, if their are people who are living in this kind of lifestyle. And what will be your opinion towards the people living in this kind of lifestyle everyday of their life's?

Speaking from what I have seen, I don't know how these guys actually do it but the way they win money from gambling, I feel jealous about it, the money someone will work and make from skilled labour work of 10 years, they will make it in one days and no matter the loss they make, the win will cover everything once they win a game and it's not once ot twice, they win multiple times. However, as for myself I don't think I can do it as a source of income as I'm not too expert in gambling.

If you know you are good in gambling and makes more than you do imagine from it, I will says give it a short and. See where you will be in 1 year but if you are not skillful in gambling, please look for something else to do else you will blame yourself for wasting precious time of your life gambling and not making anything from it.
12  Economy / Gambling discussion / Re: Casino companies' responsibilities to rehabilitation institutions on: June 10, 2024, 09:06:47 PM
my question is, do casinos need to be charged to carry out csr to rehabilitation centers so that these rehabilitation centers can provide discounts for cases related to gambling addiction? and what about online casinos, how should they carry out csr since they operate globally?

If gambling can be this complicated, then I think there should be a ban to gambling. In my opinion, this is not really necessary because addiction can comes from anywhere and are rehabilitation provided for them. Have you seen a person who loves to be drunk all the time rehabilitated before, have you seen who is addicted to womanizing rehabilitated before? The answer is no because things are adult decisions and it's their responsibility.

If you a person is addicted to gambling and never yield any positive impact on such person, they should just quit and never try anything gambling again. I have not seen a person that quits gambling dies before neither do they fall sick, it's about been responsible and stop acting like someone who doesn't have a life and the addicted gambler will be fine.
13  Economy / Gambling discussion / Re: Have you lost the money that you where supposed to withdraw from online casino? on: June 10, 2024, 09:01:11 PM
My little experience today, earlier today I was gambling with one of these online gamble site then I was very lucky that I won so much money that's up to $500 with an initial amount that's it not up to $15. However I didn't win the whole money on one stake, for instance I won $200, I only withdraw $150 and gamble with the remaining $50. So that was how I was doing untill I won a lot but didn't withdraw them at once, I withdraw up to 4 times from my online gamble account and the fifth withdrawal wasn't successful and they said I have to wait for 24 hours before I can continue to withdraw the money, so while waiting I gamble and lost the money I was supposed to withdraw, so have you experienced a thing like this from any online gamble site that make you to lose the money that you wanted to withdraw?

Lucky you, imagine how much you would have made from that casino if you have used $100 to bet because it's really hard to make and I wouldn't give you any benefits of doubts. The reason why I go th think the casino refused to process your withdrawals was because they might only allow a maximum of 3 withdrawals just like some banks that has some restrictions on withdrawals irrespective of the amount that you withdraw initially from the casino.

As for using the money to play, I'm know sure why you used the money to gamble and then loss but it seems you don't really need the balance in your casino, if you really do, you would have just walk away when it instructed you to wait after 24 hours. Also there is nothing rationale on your last game, you win or lose is what gambling is all about and that's what you get.
14  Economy / Gambling discussion / Re: Religious leader barred from casinos because of big wins. on: June 10, 2024, 07:21:51 PM
But the acclaimed prophet claim that he receives winning games from God through vision. He further stated that with his numerous wins, he has been able to pay school fees and start businesses for members of his religious organization. While other religious leaders perceive his actions as sinful, he thinks his wins are an avenue to be a blessing to the needy.

Do you think a religious leader should be involved in gambling? Do also accept his reason for engaging in gambling?  Are these casinos right to ban him from gambling?

I saw him trending on Twitter and I just laughed so hard. It's simple, if he said God is given him revelation to gamble and win money it's not something to feel good about, since he has been ban and not allow to gamble in the casino, let him try other casino and do the same magic and win and proves that the revelation is coming from God and there is no any sort of foul play by him or cheating the casino to deceive the public about his fake prophetic lifestyle.

Most of this men of God, I don't blame them though. It's the congregation that chose to remain brainwashed and blind and doesn't see anything outside the lies been spoon fed them by this scammers, no wonder they say when a man is too religious, he becomes too lazy to see somethings that are right in front of them. If they see black, if their so called prophet says it's white, they will agree with him and choose white as he did. End of generation signs.
15  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: Worldcup qualifiers - CAF. on: June 10, 2024, 07:12:22 PM
What a shock results from super Eagles players after their draw with south Africa few days ago they finally lost to Benin Republic today what a horrible performance from super Eagles, although one thing I always notice about super Eagles players is that anytime that will put our trust on them they normally find it difficult to win but any one that we see as the toughest is that one that they are going to win, however I think they need to improve in this there paterm of playing to avoid another lose again.

You were shock?  Grin I never and I didn't watch the complete match, I was mad at them because I know I would be heart broken just like  the draw we had with South Africa  in the round group game. Now I'm beginning to appreciate the style of Peseiro after many of us insulted his last style of final with Ivory coast, it's indeed not easy to lead a team who doesn't have good midfielder and now that an inborn ex player turn coach has the position, there isn't entertaining to watch.

Last match, he benched Boniface and did it the second time, look at what Tamimi was doing today, no attack, Ndidi was playing like he wasn't interested. The group stage is not yet over but I'm beginning to have a conclusion that we might not make it to the next world cup to be honest and not only that, Finidi will be sack for sure for not qualifying his boys out of the group stage.
16  Economy / Trading Discussion / Re: Does trading belongs to everyone? on: June 07, 2024, 02:32:01 PM
Trading is definitely not for everyone. And even under trading, there are parts of it and one needs to find which kind of trading works for them. I’ve tried trading before and it didn’t work for me as it worked for many others. I see people make a lot of money from it, but I don’t get moved because I’ve come to realize that I prefer to invest than trade. It is easier to me the way I look at it. And someone who may prefer to trade may equally not have any clue about investments, or may not be able to follow through because they prefer trading .

The truth is that majority of people don't even trade, they might have trade in their lifetime and see what it taste like, some will make some profits and little loss, some will make profits and their losses might just be from their stop loss and some will make few profits and make huge loss and most of the time, it's the people that made losses that do give advices, I mean if trading is very profitable for many, some will not be here in the first place, they will be timeless on their screen making money.

Majority of people has one thing in common and is how to buy and sell but the truth is, not everyone understand the logic of trading that much. If you ask some people about their trading experience, they don't have anything to bring to the table but when you ask them for trading advice, they will give you one fullscalp of trading ideas, the same advice that hasn't work for them ever since they joined crypto space.
17  Economy / Trading Discussion / Re: Most Traders are Not Profitable on: June 07, 2024, 02:07:05 PM
even following other people's better trades doesn't necessarily make them profitable. in the short term, it might be profitable. but in the long term, I think there will still be more losses.
those who share techniques or even trading signals will not continue to profit. they also experience losses and I don't think any trader can escape from that. what makes it possible is a smart trader who minimizes his losses.

You just made me remember one coin a popular influencer from west Africa launched last month, it was a meme coin name $DAVIDO and unfortunately, the guy rugged and sell half of his bag and withdraw out about $400k with few tokens left, the token is now worthless and they seems to have even abandoned it. A coin that started with hype because of the celebrity influence, this is why you should never trust anyone.

There was this particular trader that bought the coin and obviously, he bought at the top thinking the coin was coin to do well despite that the launcher rugged them. He was shilling and advising his followers to buy, giving all sort of charts just so he could sell too but the did was done. After some days, he came online and was abusing the celebrity and advising his followers to sell at loss, this is after he has sold and the coin has dump another 33%. This is why it's not good to follow some traders recommendations.
18  Economy / Economics / Re: Is it still possible to retire early? on: June 06, 2024, 10:45:22 PM
It is possible to happen. Though all the planning and investing is one of the factor to consider here. Mostly in the first world country, people can have their early retirement due to their economic advantages, sadly to say for us belongs to the 3rd world country, one possible option is really to invest in different investments, meticulous planning, consistent approach to goal and study more to gain more knowledge how to manage the money effectively. We have our own, investments are not a hype in our country, a very few are willing to invest. As long my countrymen eat 3 times a day, we are ahappy about it, even doing the 9-5 job till our retirement age.

Coming from a first world country doesn't mean anything, you can still end up in a bad investment. There are companies that has folded this year and has gone bankruptcy and not because the investors didn't do adequate research before they made the investment but because the company run into some complications and it was beyond them and because they couldn't continue, they have to shut it down and pay out investors probably without interest.

There could be cases of scams, many scammers hide under many of this so called retirements plan because they see weakness and eagerness from people who tend to make investment plan for their life.
19  Economy / Economics / Re: Labor is really the birth of happiness? on: June 06, 2024, 10:40:18 PM
Hardworking is a necessity for surviving but sometime it doesn't matter how hardworking one can be but the  ability for an individual to work smart, discover his/her talent where necessary and know how to apply it in order to make the best utilization of any little available opportunity. There many people that work for 20hours daily without a tangible wages but smart person that now how to discover opportunities can work for less than 20hours daily and make a better income.

Work smart and not work hard, that's what everyone need today and not dispense energy trying to make all the wealth. Though, there are some work that you don't have choice but to do them according to how they are meant, like a nursing would have to be at their work place all time before they can earn, a grocery store person would need to attend and get paid per hourly but their are some work that you don't need to dispense all the energy to get them done.

There also alternatives to other works than rely on particularly work that will dispense all your energy. I would rather work in grocery shop as attendance and get paid good amount of money than work in a site, I don't want my life to have short expectancy before I die, even though the pay is huge, you can actually do two part time work and get good more pays without stressing much.
20  Bitcoin / Bitcoin Discussion / Re: Don't advice anyone to invest on Bitcoin if he doesn't have Alt. income on: June 06, 2024, 10:07:49 PM
You've made a lot of points but while we specify this to secure alternative source of income is that if you're to invest on bitcoin with your savings when there's no source of income then you can not be able to DCA and once you've Invested and you've exhausted your savings which there's no source to account incomes of course you'd have no choice than to sell your assets.
It's unfortunate that we times goes you'd finish spending your asset funds and since theirs no source of income you'd become bound to no income and running bankrupt.

At this stage of Bitcoin, I wouldn't bring someone with saving account to come and invest in Bitcoin, I wouldn't give strategy or any advice, just make sure he stay away as possible because of their expectations. A person who has money in his saving account is probably doing it to keep the money for something important in the future, advising such person to buy Bitcoin is giving him hope for tomorrow that Bitcoin will appreciate but how many percent do you think he will get on his saving account.

At this level of Bitcoin price, if you can't hold for long time so that Bitcoin will grow, you wouldn't make much. We aren't below $10k where you can make much profits. However, if you have plenty of cash to invest, I mean something that can afford a Bitcoin, then you can earn something better but anything less than that, you will earn little or even make little, that's why it's advisable to buy for long term for long profits.
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