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1  Economy / Economics / Re: Isn't it all about money? on: February 21, 2024, 11:23:24 PM
What kind of thinking is this? Every individual requires learning for their own good and not for anyone else. If you have the desire to learn something, you can take yourself anywhere. If you have less knowledge than others, you are only making it harder for yourself to earn money.
2  Local / Pamilihan / Re: Coins.ph Official Thread on: February 21, 2024, 11:02:22 PM
Anyone here already experienced na lock yung account tapos pinapapunta sa office ng coins.ph para maretrieve yung balance or need magsubmit ng proof of income para maclaim yung amount?

Recently kasi ay naopen ng asawa ko yung coins.ph nya tapos may naiwan palang ETH na balance na ngayon ay malaking halaga na. Matagal ng hindi active yung coins.ph account nya. Nakakagulat lang na naglolock pala sila ng account na may balance kapag hindi na ginagamit.

Planning to go on theiroffice at Ortigas. Asking lang kung macla2im ba same day yung funds para hindi sayang ang drive. Ito talaga ang hirap kapag nagiiwan ng funds sa custodial wallet.  Cheesy
May mga nabasa lang ako dati pero maclaim mo naman yan. Gaano kaya kalaki yang naiwan na funds diyan at ETH pa?  Grin
Posible siguro noong bear market pa yan na naiwan diyan tapos naging dormant yang account na yan tapos tinry iwithdraw ng asawa mo tapos nadetect ni coins.ph na may sudden transaction na requested mula sa long time account na walang activities. Kung sinabi naman nila na ibibigay ang fund at need mo ng personal appearance ay kapag pupunta ka, dalhin mo na lahat ng necessary documents at IDs para hindi ka na magpabalik balik pa just in case lang naman.
Sa ganitong pagkakataon possible talaga na ma-hold ang account dahil dormant. Suspicious activity ang lalabas sa kanila, kung ang funds ay di gumagalaw simula pa ng bear market, mataas na value nito tapos biglang mabubuhay, unlike kung sa hardware wallet na ikaw lang ang may hawak, walang ganitong mangyayari. Kaya hirap talaga mag store sa coinsph e lalo kung long term.
3  Bitcoin / Bitcoin Discussion / Re: How safe is it letting the bank know that you are a BTC Investor? on: February 21, 2024, 10:09:31 PM
snip

snip

Telling people that you are investing investing in cryptocurrency is not a bad thing because I see nothing wrong for that since cryptocurrency is not a criminal activity.
The people you are pointing to, is it a regular person you know or someone in your circle? It's not a bad thing to talk about your cryptocurrency investments with others, but it can be risky. By sharing this information, you could potentially put yourself in danger if someone overhears your conversation or knows about your holdings. This is not to say that people you know would intentionally harm you, but it's important to be cautious about who you share this information with.
4  Bitcoin / Bitcoin Discussion / Re: How safe is it letting the bank know that you are a BTC Investor? on: February 20, 2024, 09:42:07 PM
The bank should not concern about where the funds are coming from and their's is to serve the clients or the customers of the bank and not to investigate the client private transaction. And letting the bank to know that you holding bitcoin or cryptocurrency is not a bad thing and all depends on the country. If you are in a country that loves cryptocurrency then you are free to tell the bank that you are a cryptocurrency investor. But whereby the country you living in does not accept bitcoin or ban bitcoin then you don't have to expose yourself to anyone to avoid unnecessary embarrassment or harassment.

Stay clear and safe avoid those those who hate bitcoin.
The bank has concerns regarding the source of the funds of all their clients. They are subject to regulations by the country and, as you mentioned, this could vary depending on the country. If Bitcoin is not approved by the country, there is a high likelihood that the funds may be put on hold as the authorities have the power to do so.
5  Bitcoin / Bitcoin Discussion / Re: What are the rules for finding wallets on: February 20, 2024, 09:15:46 PM
You can have the wallet since you find it but you can never own the money/coins inside since you don't have the keys that will open it. Therefore, it was useless to find it, you don't have any benefits as you can never use that wallet. If I were you, better make your own wallet to have full access rather than claiming that the found wallet is yours. You can legally claim it was yours when you have the keys that is the way to prove ownership. Otherwise, cour claim id invalid and just a waste of time as we can never get anything that is inside.
OP is discussing about obtaining the private key or seed phrase and suddenly finding Bitcoin inside.
If I miraculously got a private key to a wallet that had Bitcoin in it

To OP, technically speaking, if you found Bitcoin within a wallet to which you have access by obtaining a private key, you can do whatever you please with those funds. However, if you have a conscience and are aware that the funds are not rightfully yours, you would likely choose not to use the wallet and instead turn a blind eye to the funds.
6  Bitcoin / Bitcoin Discussion / Re: This is my plan. on: February 20, 2024, 08:55:21 PM
Yes exactly, with the DCAing method you can start from investing a smaller amount then you keep on maintaining the standard amount and sooner you might get another opportunity which might make you increasingly increase the amount which you allocated to your investment (from investing $15 to investing $20 or $30 in Bitcoin) and other things are it doesn't matter how much you put monthly what matter is how consistent you keep on buying. When you bitcoin of $30 every month a year is =$360 and during the year there might be a month when you will allocate more than $30 that's  why you have to keep on buying so you can meet up.
Yes, imagine investing money regularly instead of just saving it in the bank can potentially lead to higher profits. By using the DCA strategy of investing $30 every month, you can earn a profit on your investment. The same example you have given, if you invest $360 in one year using DCA, it’s difficult to predict the value of the investment at the end of the year. But it’s possible that you could earn a decent profit.
7  Bitcoin / Bitcoin Discussion / Re: What do you stand to gain from the bull run. on: February 19, 2024, 04:56:12 PM
For those of you who would make this their first rodeo if ever, I suggest not rushing things headlong.

Even during bull-runs there is the high propensity of losing your money in the process, and it could very well happen to anyone, more so people like you who have limited knowledge about the bitcoin landscape. I know you guys are eager to turn a profit while the iron is hot but I can guarantee you that ensuring your money's secured is just as important as making profit while you're in the bull run. In the event that you do make bank in the bull run ensuing, and you lose it all eventually, don't beat yourself up for it. There's a great chance you'll lose all of your money from your first bull run especially if you're not really that acquainted with financial literacy but at the same time, pushing to continue working with the crypto industry even during months/years when money's low, is going to be your greatest bread and butter for success in the industry.

DCA but don't agressively push for it. Keep it at a natural pace that you can easily follow through. Invest in knowledge and make sure that you don't fall for obvious whammies in the industry, this is going to be very common especially during times when the crypto industry's at an all-time-high. That's all that you really need to know. You stand to gain everything that is good in this industry, just play your cards right.
Additionally, it's important to remember that if newbies have made a profit from their investment, it's not helpful or fair to be greedy and dictate a specific selling price. Taking a profit is a natural part of investing, but many investors forget this and hold out for even higher prices until it's too late to sell.
8  Bitcoin / Bitcoin Discussion / Re: Lost Bitcoin on: February 19, 2024, 04:22:14 PM
Yo,

So apparently there's like 4-6 million bitcoin that are lost and gone? Just curious if there was any ideas or plans to update the protocol to replace the lost bitcoins if there was a consensus, if that is even possible.
There is no protocol as that. Once Bitcoin is lost, it is gone forever. It cannot be recovered or reintroduced into the market's circulating supply. Any efforts to replace lost Bitcoin through a protocol or update is impossible, besides it would compromise the fundamental nature of the currency.
9  Bitcoin / Bitcoin Discussion / Re: This is my plan. on: February 19, 2024, 03:38:46 PM
Yes of course there are many reasons why DCAing strategy is not same like lum sum, DCA strategy makes you to invest low amount on Bitcoin so with tim you can accumulate enough figures of Bitcoin.
With lum sum you won't be able to accumulate Bitcoin frequently, when I made a plan to buy Bitcoin I didn't get to know that I have to make sure it doesn't affect my expenses life.
Like DCAing makes you invest and you have to not let the accumulation process not affect your expenses.
Another good thing about DCA, it has a lot of advantages. aside from what you said of which is that it won't affect your budget as you can allocate small funds to your investment over time. DCA allows you to buy Bitcoin at different amounts over time, which might not be possible if you purchase it in a lump sum. Some investors may not have enough money if Bitcoin's price suddenly drops when they have invested all their money at once.
10  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: February 19, 2024, 12:00:25 AM
I gamble because I want to and it doesn't matter whether I have sufficient or insufficient money, that's what matters to me. But with that, it's better to gamble because I have sufficient money for me to gamble without any problem and I won't be pressured to win them back.
That's the typical reasoning why I should gamble and others are gambling to cut the fun but to take the possibility of making huge profits.
Yes, it is important to have enough money for gambling. Let others say what they want, as long as you are having fun and only using your own money to gamble. It is crucial to be responsible for your actions and only gamble with the money you can afford to lose.
11  Economy / Gambling discussion / Re: Gambling between the past and nowadays on: February 18, 2024, 11:39:55 PM
[...]What is your outlook on it in the future?
I'm in agreement with the members that says virtual reality is the next big thing in gambling. The games may be the same with just little tweaks or change in name but the playing experience will be enhanced. Imagine comfortably sitting on your couch with a device that takes you to a game as if you're actually there. The only problem with that is the cost so it's likely that such feature will take time to roll out.
That is too futuristic. It may take many years for that experience to become a reality. However, I hope we can still experience it even if it takes longer. Currently, we have normal games that offer virtual reality experiences, but the idea of converting the entire world into a virtual gambling hub sounds amazing and would enhance the gambling experience for enthusiasts.
12  Economy / Gambling discussion / Re: Do you think gambling every day is better? on: February 18, 2024, 11:20:34 PM
My question is do you think gambling every day is better? From his reasoning and points of narrations.

I think gambling every day means someone who has lost control. Gambling is a risky thing. Gambling every day means taking a risk every day. I don't think it's better to gamble every day. Instead, I think we should only gamble on days when we have solid analysis or when we feel lucky. Gambling is an addiction and it's a fun addiction, but it's better to do everything in a reasonable dose.
Most likely an addicted gambler, not just someone who lost control in gambling. The person is probably an addicted gambler if he gambles every day. Losing control over one's gambling habits is a clear sign of addiction. In addition, gambling daily indicates that the individual is investing all of their time, money, and energy into gambling, which is not a healthy or appropriate behavior.
13  Economy / Gambling discussion / Re: Do people truly risk their money on bets for profit? on: February 17, 2024, 11:01:11 PM
There are things that may be a bit difficult to explain, but I think the statement that 80% of people gamble to make a profit is true. Moreover, the majority of gamblers are from the lower middle class. So the main goal is to make a profit. But a small portion of the rich population gambles just for fun because they play with their little money, which for many people may be quite valuable. This mindset cannot be generalized to mean that gambling is only to make a profit. I myself come from a lower middle class, of course I also think that I have to make a profit when gambling.
Your point cannot be denied because it is the middle or lower class people who are usually desperate to make money from gambling. They try to make quick money. How to get rich fast A rich person has less of such a desire even though the rich try to get richer. But the poor are less likely to earn money from gambling. Rich and poor alike should not think of profiting from gambling. We consider it the logical conclusion to accept general gambling as fun. Those who take up gambling to make money are more likely to lose. I think there is no specific category for responsible gambling. Both rich and poor can do it.
That's always the case. Many people turn to gambling because they believe it is the only way to make a lot of money quickly. However, they may not know about other alternatives to make money. Even if they have a job, some people are still willing to take risks and gamble in the hopes of making more money.
14  Economy / Gambling discussion / Re: gambling for fun vs gambling for the financial benefit. on: February 17, 2024, 10:45:25 PM
We know, we also say that gambling is only for fun it's right. But in the end most of the gamblers I assume they do gamble for financial benefits. Once someone gambles for financial benefits and depends on gambling win/lose to livelihood means he is gambling-addicted.
I can't truly just accept the fact that gambling is actually for fun, we lose our money when gambling so meaning we just enjoy wasting our money even if we have nothing to do with it. On the other hand, anyone who actually does it as a means of earning financially to be able to meet up with cost of living is actually becoming an addict.
Gambling is more like investing in some Altcoins, if it happens to give profits fine and if it doesn't also good but we don't also say we rely on our Altcoins investment to carryout expenses on our cost of living.
Sometimes people claim to enjoy gambling even when they lose because they take pride in being a gambler. Usually, they will pretend to be having fun and doing well when with friends, even if they are losing. However, losing money in gambling is not enjoyable because it is a waste of money and does not result in any positive outcome.
15  Economy / Gambling discussion / Re: Do you stick to some Casinos or do you try out new ones? on: February 17, 2024, 10:30:19 PM
It can be advantageous to experiment with different casinos in order to take advantage of various bonus offers. However, it ultimately depends on the individual gambler whether they choose to do so. Generally, most gamblers tend to stick to one casino that they frequent regularly.
16  Economy / Gambling discussion / Re: Difference between afford to lose and can't afford to lose. on: February 14, 2024, 09:51:10 PM
When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.
But when you have jobs that pays you money so well and you are gambling it means you are risking what you can afford to lose. Why because ones you lose your job will give you another money.

However, many people would say even if you have jobs but you are staking higher it also means you are gambling with what you can not afford to lose. Moreover it's true and I have to dauth but I have a feeling that ones someone that have a good paying job is staking more than what he can afford to lose, there is no different between addiction there.
I disagree with you. If you receive financial assistance from someone to use for gambling, it should be considered as the money you can afford to lose. This is because you receive it without having to work for it. On the other hand, if you use your salary earned from a job to gamble, it is considered as the money you can't afford to lose. You work hard for it, put in your effort, and have to wait for a few weeks to receive it.
17  Economy / Gambling discussion / Re: Why in some religion gambling is forbidden? on: February 14, 2024, 09:32:37 PM
And for the non religious persons what you think ?
Religious individuals tend to hold the words of their deities in high regard. Even if they lack knowledge about the origin of these words, they still believe in them and adhere to them. For instance, if their god forbids gambling, they will follow this commandment just as they would follow any other divine instruction.
18  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: February 14, 2024, 09:04:48 PM
Does gambling needs experience or anyone +18, even the inexperienced one can also play? Though playing gamble has a limited age grade or age bracket and the accepted is from  +18 years and there are some casinos hall at the door post, it is written clearly that it is only people of +18 can play. But what about the inexperienced ones, are they allowed to play gamble as well? Or they are also restricted to have the fun? In my observation, there are two elements to participate in gambling. One, you must above 18 years in my country and secondly you must have an experience to play, so I want to know if inexperienced people can also play gamble.
When I visited a physical casino for the first time, they only asked for my age and not if I had experience with gambling. This is similar to online casinos where there are no restrictions on inexperienced gamblers. As long as you are of legal age, which is 18 years and above, you are free to gamble as much as you want.
19  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: February 13, 2024, 09:01:56 PM
This is why it would really be that best that you should really know on when to quit and call it a day on the time that you are already making profits or making money. One of the most common mistake of gamblers
is that they do aim for more or simply not really that contented and really just that continuing to play because of hoping more. If there would be no gamblers such as this then there would really be no gambling sites that would really be that profitable. Also, we should really be putting up into our minds that gambling is risky and not something that you can make money in guaranteed manner.
This is why on the time that you do make profits or winning then you should really know on when to stop or call it a day.
Knowing when to stop is a skill that is not only useful when gambling, it has its uses in almost any other activity that you may undertake, but this in a way goes against human nature, since it is a natural instinct for humans to want more than what they already have, but if we cannot control that desire then it does not matter how much we gain from gambling or any other activity, you will always be craving for more and this is a dangerous attitude to have.
If you can recognize the right time to stop gambling, it is not necessarily because of your skill, but more likely due to your experience and knowledge of the potential outcomes. It is similar to realizing what you should do when faced with a situation that feels like you are being pressured to gamble.
20  Economy / Gambling discussion / Re: Does casino streamers have influence in your gambling life? on: February 13, 2024, 08:43:58 PM
I believe that the reason why people love watching gambling streamers is because they often make high rolls and bets and it's usually fun when you see someone making high bets just to see how they end up, whether they win something big or end up losing all the balance, it's just the experience that is fun and I say this because I also enjoy watching gambling videos or streams sometimes just to see the gameplay with the amount being used as the base bet.

However, one should only keep it until fun and shouldn't get influenced by the results or anything because most of the times, these streamers are not using real money or their own money, so even if they lose $100k a day, it wouldn't cause them anything because the money is sponsored by the casino they are using as it's promotion for them, but if someone gets influenced by their gameplay and tries to imitate what they do, it might cause them severe financial loss.
But that is the thing, there is a reason those people are called influencers, even if they were to never make any statement to encourage other people to gamble, if they use those videos to show over and over again the supposed profits they are getting and how easy it is for them to get that money, then it is to be expected that a small percentage of the people watching those videos come to the conclusion this is something they can do as well and gamble all their money away while trying to replicate those results.
There are people who blindly follow influencers. Some even try to replicate the same kind of gameplay as they do. The influencers don't have any pressure, whether they win or lose, it isn't going to hurt them in any way. People never understand the fact, but they find them successful and try to follow their footprints. In my early days, I've tried a few things done by the influencers with a small amount, and I've seen them successful. Later, I understood that trying with big money could lead me to a massive loss.
People don't blindly follow the steps of influencers, it's just that they haven't yet realized the reality. It's the same as you, in the past you followed the steps of influencers too, but later you had a realization about what they were really doing.
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