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1  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dream! on: June 12, 2024, 09:34:20 AM
edited

Just 1 coin, yes, could help a lot.

edited
Sometimes the community can gather together behind a cause, but very often the ones behind the initiative get no direct benefit other than doing the right thing, in this case you are asking for a full bitcoin just to solve your problems, which at the current prices it is a little bit more than 67k, which no matter where you live is a massive amount of money and I doubt you could get even a small portion of it.


edited

I read how some project comes out and people get a lot, or after spinning several thousand dollars in volume, they are rewarded. Or, having received some kind of NFT, they sell it for a very high price.

But I don’t understand why I can’t do anything (
Where investments are needed, I cannot do it.
And where there are no investments, they give at most a couple of dollars and that’s all.

I don't understand why the Cryptocurrency gods are deaf to my prayers((

You have been around since 2017 so you must know very well what is going on, those people took a massive risk that could have easily go against them, and they were lucky enough for things to go their way, in a way this is no different than a person using all their money to try to win the lottery and succeeding against all odds.

Long term success comes from careful planning, acquiring the right skills for years and making all kind of sacrifices to get the money needed to invest on the right assets, and this is not something that can be acquired in a few weeks or months, even if you dedicated your whole time towards this goal, and it is definitely not something that you can get by praying to a bunch of nonexistent gods.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Someone should make utility meme coins using solana it's good profit on: June 12, 2024, 07:10:03 AM
We need more utility meme coins with solana this way the price Will Grow a lot.
If token has utility the real reason for using then this can make really 100000x gains.
Very good utility Will be If holiday vacation property renters Will accept that kind of meme coin imagine how much buying volume this kind of meme coin will receive.
Do it more utility meme coins this way the prices will go a lot higher and we can make more profit with meme coins.
Do it also the games wich requires to buy same meme coins
We need more utility like use cases and then we all can make more profit with memes.
So devs get to work and show us what you can Do it.
Why do you need so many meme coins with some utility? After all with the kind of profits you expect out of them a 10 dollar investment can become one million dollars according to your numbers, so you only need to invest a high amount of money in one of those coins and never worry about money again.

Obviously this scenario will not happen to you or anyone, as those kind of results are almost impossible to get that at best I think only a handful of people could get, so stop dreaming about meme coins with that level of success, because you are not going to find them.
3  Economy / Gambling discussion / Re: cash out or let it ride? on: June 12, 2024, 06:43:46 AM
Good to see that edited part that OP did cashed out. That's already big money in there and if he continued with that bet with Indiana and Bucks, he'd for sure gonna to feel sorry and regret this bet of his forever. Good thing that you've decided to cash it out because I guess at that time when you've asked this, you're seeing how the Indiana Pacers have played and they did well for this season. I wouldn't let it ride with this kind of money, maybe if it's just a couple of bucks I would do but when you're talking about half of $100k, that's no joke at all and you have to cash it out as that's a lot of money already. Keep on playing at stake and we've got still the bet for the NBA finals.
This is a very common reaction, scientists have noticed that when the potential risk and prize that a person can get are on the low side, people are way more willing to take the risk, as they do not fear losing at all.

But when the monetary reward reaches a high point, we see a reversal of that trend and people become way more conservative on their decisions, so cashing out at the moment the OP did was without a doubt the right choice if you ask me.
4  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: June 12, 2024, 05:42:43 AM
Today it was raining heavily for several hours and the weather was so cold,while I was at home thinking of what to do to keep myself warm i decided to do some pushups to keep my body warm. I did 400 pushups in 8 sets and as I was doing the pushups to an extend I started sweating profusely,my whole body started heating up like a boiling water.I was flabbergasted with the Number of pushups I did today because I never knew I was this strong.

100k,Cossyblack,50,8895,2024-06-11
400 push ups on a single day are too much, especially when the weather was as cold as described, because under such conditions your muscles will be stiffer and this could increase the chances of injury under such a heavy load, plus by sweating so much you also risk getting sick, so it could be worth it to find ways to keep yourself warm passively.

My report.

100k,wxa7115,20,1800,2024-06-12
5  Economy / Gambling discussion / Re: Do You Understand Math? on: June 12, 2024, 04:56:29 AM
Who remembers this old line- the lottery is a tax on people who don't understand math. Let's shift from the lottery and talk about gambling. In gambling do you think that your understanding of math would make you better at gambling. Not necessarily by making you hit the jackpot, but in winning moderately, gambling responsibly, and in choosing strategies for games like poker or blackjack, over games of pure chance like slots or roulette? And now, back to the lottery quote, do you agree?

There is a lot of truth on that proverb, and this is because on the early days of democracies, one way in which governments got taxes was by organizing lotteries, so people with the hope of supporting their governments and getting a prize for it bought those tickets.

And even today this is still true, as most lotteries are owned by governments all over the world, since this is an easy way for them to generate a lot of money with relative ease.
6  Economy / Speculation / Re: Road to 100k? on: June 11, 2024, 05:56:29 AM
The good thing is that I have tested trading and I have seen the in and out so there is nothing anybody will tell me that will make me chose trading over investing for long term. I know some people see holding for long as a way of keeping the money dormant instead of "flipping it easily", a word they will use to entice those who have not been there before. My decision to focus on holding was born out of pain and regrets (a little though) but I sometimes feel happy I followed that part so that I can appreciate the peace of mind and assurance that comes with holding for long. The best thing any investor can do is to invest and hold and never dabble into trading because it is a 70/30 chance of failure and success.
A great deal of the time, people will not believe something until they try it for themselves, so there is a lot of people out there that become traders because they believe all the hype that exist around it, and I have no problem admitting this even happened to me.

The difference is that unlike a great deal of the newbies today, which trade shitcoins and do so with all their capital, I mainly traded bitcoin and I used a very small amount of my capital, while the rest of my capital remained invested on bitcoin, and after I realized how difficult it actually was and how most traders fail to beat the markets, meaning they cannot obtain more profits than what the market will naturally give them if they simply held their coins, I took the decision to leave trading for good and focus completely on investing on bitcoin.
7  Economy / Economics / Re: Should there be a limit to investing in your children? on: June 11, 2024, 05:09:30 AM
There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.

I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.

Do you think parents should have a limit on the amount they can invest in their children?
The desire to give the best that you can to your children is inside most parents, but this should be done within some boundaries, after all if you have to get so much debt that you are putting your future and the future of your kid at risk, then it is time to accept that you cannot pay such expensive education and instead your kid will have to learn to do the most with what you can actually give them.

This is something I have seen several times before and it does not work, as the kid knows the extreme pressure they are under in order to perform, and a great deal of them end up not coming anywhere close to the expectations of their parents.
8  Bitcoin / Bitcoin Discussion / Re: Found This Stupid Promotion Circulating on Social Media on: June 11, 2024, 04:07:55 AM
There was a time when I was accumulating altcoins for the sake of making money. I wasn't even thinking of their value in Bitcoin. Later on, my base value turned into Sats. Altcoins' appreciation in price should be in Sats rather than fiat. That's the target.

It's useless for an altcoin to have an increase in USD if its value in Sats is decreasing because the main purpose is to increase my Bitcoin holdings. Bitcoin remains to be the end goal. I'd be happier if my altcoin falls in terms of USD but increases in terms of Sats than if it is increasing in fiat but falls in Sats.
That should be the end goal of those that dabble in the altcoin market, otherwise there is no point at all to invest in those coins, since the majority of the altcoins out there will collapse in a short amount of time, and the few that wont are subservient to bitcoin and its movements.

And if that is the case, then why bother holding altcoins when you can hold bitcoin which is the leader and creator of this market, and despite the claims of many altcoin developers, it is still the best coin on this market by far.
9  Economy / Gambling discussion / Re: Casino companies' responsibilities to rehabilitation institutions on: June 11, 2024, 01:54:20 AM
corporate social responsibility (csr) is an activity carried out by companies on the social and environmental impacts caused by their company's operations, and in this case, casinos have the potential that their operations can cause many cases of addiction in society. there have been many cases of addiction caused by gambling and usually the families of these victims bear the costs of rehabilitating these addicts themselves. usually the family will pay for the various needs of these addicts, such as food, hospitalization, etc., and that is not a little because there are addicts who need months to recover.

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?
The gambling industry is already taxed at very high levels by the governments in order to use part of those funds to help the people that could be addicted to gambling, so I do not see why casinos must pay for rehabilitation centers when they are already doing so.

So if for some reason there are not enough of those centers around your community, then the government is to blame, as it is clear politicians are not using that money for its stated purpose.
10  Economy / Gambling / Re: More revelations on the challenges of physical casinos on: June 11, 2024, 01:23:57 AM
The popularity of online gambling platform have been on the increase for a while now thereby creating several arguments between them and the  physical outlets in terms of which is the best. There was an incidence I saw on twitter this money that made me decide to create this post so anyone who is bent on using physical shops should be cautious.

According to the tweet and the victim narration, he bet the game in a physical shop and won N16,700,000 (~$13,500) but the agent of the shop refused to pay him even after the betting company from their head office instructed him to pay. Not that the company did not pay the agent, they paid but the agent refused to pay him saying that someone else have come to withdraw the money. He approached the court only to get N3,000,000( $2,400) out of the total winning and was asked to go and look for the people that withdrew that money. Normally, when there is winning, the only way to withdraw is to tender the ticket to the agents who will take the ticket before paying the winning. So I do not know how someone will withdraw the winning of another and what the person used to make the withdrawal. I think the agent wanted to steal the entire money but due to the pressure from the court, he has to return part of it. I see this as a warning on the dangers of greedy agents in physical gambling platforms.

Source: https://twitter.com/General_Oluchi/status/1782027404027797716

This is definitely bad because a gambler wins a bet after losing several attempts.
So if he is winning the bet after several attempts and still not able to get his reward then it will definitely raise his anger level.
Anybody would get mad in such a situation. Good to know that he at least got a part of his reward but it's bad to see such agents stealing the rewards like this.

This is a risk that all gamblers are exposed to, and it is because of this that you need to check the reputation of a casino and their agents, as there is nothing more infuriating than finally getting the win that you have been expecting, only to not get paid at the end.

However, if we are honest this is something many gamblers never think about it, and instead they let themselves to be seduced by the promise of huge bonuses that unscrupulous casinos make in order to attract them.
11  Economy / Economics / Re: Is it still possible to retire early? on: June 10, 2024, 06:08:49 AM
Early retirement is certainly a choice but it’s an inevitable thing, that’s why we have to prepare for it whether we like it or not, in order to retire peacefully and financially secured. Although not all retirees have the capability to retire stress free from financial struggles, that’s why we are a given a lot of time to prepare for it, and by not missing opportunities to work for an income and investment for passive income as well, we can actually reach the retirement period without so much thinking if we can still survive this retirement age or we end up struggling again with money and finances.
Retiring much earlier than what the law may state on you country is possible, but it requires meticulous planning as this will not simply happen on its own, even if you were to earn a lot of money for a long time.

In my opinion the most important step is to become an investor as soon as possible, since the longer you can remain invested in an asset, the more profits you can get simply by holding it long term, so someone that invested all the money they could since their early twenties, will achieve great results by their early forties, results which could be good enough to allow them such an early retirement.
12  Bitcoin / Bitcoin Discussion / Re: Is bitcoin gradually turning away from its purpose? on: June 10, 2024, 05:16:00 AM
Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?

I would love to see different versions of input.
While bitcoin has a stated purpose, this does not mean that it is the only thing you can do with it, besides it is not as if this exclusive to bitcoin, every single good out there can be used to speculate with and become an asset in the process.

And when even fiat currencies are subject to speculation, I do not see how it could be possible for bitcoin to not go through the same process as well, so just let it go and accept it, since there is nothing we can do to stop this anyway.
13  Economy / Gambling discussion / Re: Team strength as the main predictor. on: June 10, 2024, 04:11:36 AM
I know that many experienced sports bettors place the greatest importance on the strength of teams (in team sports) or the strength of individual players (in individual sports). They believe that this is what plays a decisive role, and not other factors. For example, the advantage of home games only appears in competition between approximately equal teams. And when teams or players are not equal in strength, then comparing the strength of the teams becomes of primary importance. You may also cite other factors, such as:
1. Coach.
2. Judging.
3. Player injuries.
4. Season of the year.
Some other sport-specific factors. For example, for tennis, the surface on which the game is played matters - artificial or natural.
 The strength of teams or players is usually expressed in rankings.
What do you think: is the strength of teams or players the main factor in the forecast or not? Is ranking the only way to determine the strength of teams? And if these are the main factors, then how can you predict in advance the outcome of a game in which outsiders beat experienced teams?
Without a doubt the strength of a team is the most important factor, and this is because if you concentrate strictly on the results obtained, then by evaluating their strength you are indirectly evaluating the rest of the factors, so trying to consider them as independent variables can instead make whatever strategy that you are using less accurate than expected.

Besides even if you could somehow evaluate them in isolation, what kind of weight to give to each one of those factors becomes its own problem.
14  Other / Off-topic / Re: Is it possible to inherit a gambling debt? on: June 10, 2024, 03:22:59 AM
Only a stupid parent would do this to his offspring.
The debt due to gambling will be large because the interest continues to run,
but some loan sharks who give debt will usually provide relief to pay if the debtor is dead.

What kind of inheritance if you have to pay off debts because of gambling,
it is not an inheritance, but a disaster that will befall our children and grandchildren.

So from now on, you must be aware, gambling is entertainment and don't use money that shouldn't be used, don't borrow just because you want to gamble.
Thinking about the lives of our children and grandchildren after we die is necessary to do, don't just think about your own pleasures that are only temporary.
How this issue could be solved will depend on the laws of the country in question, where I live except for taxes, every single debt that a person may have had is forfeited at the time of their death, and even those that had legally bind themselves to pay it back do not have to do so.

So in a country like that it is impossible to inherit your gambling debts to your friends or your family, however it would not surprise me if this was possible at some other countries.
15  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the Dumbest Thing Ever Invented on: June 10, 2024, 02:36:16 AM
So, you want to get units of nothing that are printed by protocol X instead by protocol Y.

If they are "units of nothing", then it takes nothing for you to send them to me, right?  So do it. 

But here we are discussing about the stupidity of wanting something like that. And the stupidity of wasting energy on transferring it. It's seems that you're constantly missing what this discussion is about.

It is highly relevant to our discussion.  I'm trying to demonstrate that Bitcoin has value as a form of currency, even though it's not backed by a specific asset or commodity like debt or gold.  You've argued that it's essentially worthless, created out of thin air.  If that's the case, then I challenge you to send me 1 million Bitcoins.  If you're unable to do so, it would contradict your claim that Bitcoin is just like monopoly paper which can be printed out of nothing. 
At this point it has become painfully obvious the OP does not know what they are talking about, and even more importantly, they do not want to know, they just hate on bitcoin and they will never change their stance, so any attempt to try to reason with them is not only a waste of time, it is quite likely they are happy this is the case.

So it is better to just ignore them as I doubt the fall of the fiat system and the long history of failed fiat currencies could change their mind.
16  Economy / Trading Discussion / Re: Btc hack from Japani Exchange again or its a fud? on: June 07, 2024, 07:46:37 AM

There is something wrong about this story because such amount of wallet can't be a hot wallet, I have never heard of that exchange and that means they don't have much liquidity that much and that kind of Bitcoin should only be kept in a cold wallet, storing this amount of Bitcoin in a hot wallet means they don't care much about security of their custody if such amount of Bitcoin can be stolen over night, it doesn't make any iota of sense but proper investigation should help.

I also don't understand what comes next to the mind of scammers. Who steal such amount of Bitcoin when you can't spend it, the transaction will never step a foot on any exchange because it will be reported and even some exchanges should be aware of it by now since it has gotten to a media platform like Coindesk. The hacker would just be moving coins and wouldn't be able to spend, this is what physics means when you do zero work, noting is achieved here.
Assuming the hacker cannot launder the coins and get to spend them, one option they may have is to talk with the owners of the hacked exchange and return most of the money stolen, with the condition they can keep a small percentage and that the exchange will not pursue the matter anymore on a court of justice.

This way the hacker gets to keep millions of dollars for themselves for no repercussion, while the exchange despite losing a great deal of reputation over the incident can reduce their losses, so it would not surprise me if such an agreement was possible between the two parties.
17  Economy / Gambling discussion / Re: Online gambling increases computer education. on: June 07, 2024, 06:35:00 AM
Each time I visit some physical betting shop in my country, I usually observe how some elderly people make use of computers. I live in a country where most people 55 years and above don't have basic computer education. Many of them cannot use the mouse, keyboard, or other parts of the computer. This might be because most of them have not been exposed to computer education.

However, the introduction of online betting has forced most gamblers in my country to learn how to use the computer. It is now common to see some elderly people using the mouse and keyboard effectively. Most of them have never attended any computer education class but learned through observation. Others might have gone through some level of training from family or friends. I am sure many of them wouldn't have learned anything about the computer if not for online gambling. What are your thoughts?
The reason those that reach that age are left behind by the technology is that they do not really see a need to change their lifestyle to accommodate it, and in a way this explains why if you were invited to their home, you will feel as if they are living in a distant age other than the current one.

However if they have a reason to adapt to our dynamic world, you can be sure they will show you an ability to learn that will surprise you and they will use all of those devices as the young people of today do.
18  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: June 07, 2024, 06:07:06 AM
That's why some people believe "taxation is theft". You get charged taxes on top of taxes, leaving you with little money in return. Unclear tax laws will ultimately perjudicate taxpayers in the long run. You could be labeled a "tax evader" without even knowing it. Especially if you earn money with crypto.

The same fate of Roger Ver awaits many crypto holders in the US. You can't hide from "Big Brother", can you? Cheesy
Taxation is not theft, taxes are necessary to have a strong country but the problem is that taxes are collected from regular citizens and abused by the rich and politicians, they use collected taxes for their own benefit, to buy mansions, have great holidays and etc...

I think that if tax rate will be normal, people won't try to find ways to avoid it. Low tax rates leave people with more money, leave companies with high revenue and doesn't force them to find a loophole in offshored because low % doesn't worth the headache when difference isn't huge. More money motivates both, people and companies to produce more good and improves their well-being. Collected taxes help the government to do many good things for citizens, to build a better country, improve infrastructure and etc... But if they collect taxes, they shouldn't start printing money because printing money is another form of tax and that's very unfair game for citizens. If I have to pay 10% tax, let me pay 10% tax and don't force me to pay the debt that you take.
Very often those that make those claims do not mean it literally, what they mean is that besides paying federal income taxes they also need to pay local, property, inflation and sale taxes, so the amount paid to governments is many times higher than what is stated by the law.

So in a way, everyone spends a great deal of their lives working for the benefit of the government while receiving little or nothing in return, which makes some people believe this is a disguised form of slavery, a claim a bit too dramatic for my tastes, but I can see where they are coming from.
19  Economy / Gambling discussion / Re: Never borrow money to be able to gamble on: June 07, 2024, 05:28:43 AM
Borrowing money to gamble is a bigger problem in the sense that it doesn't affect only the player, his family gets to partake in resolving the loan disputes when time is due. Such gamblers mainly are not interested in becoming good players. All they wanted is making out a means of regularly staying in the game. Addiction is weird, but not compared to taking loans. Imaging treating an addicted player and at same time handling his loans. That's really a big trouble on the side of the gambler's family.

Gradually, the debt accumulates to a bigger amount that the gambler may not handle alone. Some players don't actually take this loan once. After losing out the first one, they'll rush to take another loan, until they are not eligible to collect loans again. The trouble comes from multiple loan sharks, thereby instigating suffering on the player's family members.
Once a person has reached that stage it is very difficult for them to recover completely, this is because once a person asks for loans, they may find themselves in a situation they may be unable to get out for decades, as not only they need to overcome their addiction, but now they have to pay for those loans.

So it is not surprising that once a person realizes the enormous hole they dig for themselves, they know that even if they stopped gambling for the rest of their lives, things will never be the way they were.
20  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: June 07, 2024, 04:57:05 AM
Exactly that's why most time I don't advice anyone that haven't gotten far in his Bitcoin accummulation to diversify his cash in other investment rather focus on building a nice Bitcoin stash first in his portfolio, before thinking of diversifying yah cash .

Because you doing it now (diversifying) , will only slowdown your Bitcoin accumulation rate . And when it comes to Bitcoin having a small portion ain't encouraging at all , that's why you need to build some good stash through various means of accumulating though it. May Taks time but still worth it .

May be after reaching your accumulation goal you can focus other investment by diversifying yah funds.
Diversification is a strategy designed to protect the capital of the investor, this way if a sector in which they are invested does badly, their portfolio can still offer them a good performance if the rest of the markets are doing well.

But when it comes to building your wealth, concentration is the way to go, investing in too many markets and assets distracts you and dilutes your capital, but by doing the opposite and investing only on the best asset possible, you can dedicate your whole energy to it and become an expert much more quickly than if you took the diversification route.

Besides a great deal of the time the people that claim to use the diversification strategy, do it to invest in shitcoins which is not true diversification, not only because they are not investing in a different market than the one bitcoin created, but also because by doing so they are increasing their risk instead of reducing it, which is the true aim of diversification.
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