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1  Alternate cryptocurrencies / Altcoin Discussion / What is Decentralized Finance? on: September 21, 2020, 11:02:35 AM
What Is DEFI (Decentralized Finance) ?
 - It is a development with a target of having another financial system, where you don't need to go to any banks or getting attached physically from other people. DEFI also depends on cryptography, blockchain, and smart contracts. Smart contracts are the main building blocks of DEFI which means that without it there is also no DEFI and most of the DEFI are made from ethereum.  

It makes several entities have a copy of every transaction which means that is not only single, it is a central source. It is good because they can limit the speed and sophistication of the transactions and at the same time offering users less direct control of their money. This thing also stands out from legacy payment methods, wherein there is always a middle man or authority who controlled the transaction and is authorized to stop it and record it in the ledger, which this cryptocurrency all of that is cut out of the picture.
Most of the application under DeFi are built with ethereum, it is easier to use for creating other applications beyond simple transactions.

Difference Between DEFI and CEFI
1. permissionless
2. no KYC Required
3. open source encouraging free collaboration
4. censorship-resistant
5. cheaper mostly network fees
6. built on the blockchain

1. permission
2. KYC Required
3. closed source decisions made behind closed doors
4. can be censored
5. expensive intermediaries charging hefty fees
6. built on old foundations

They also have to mention the potential risks associated with DEFI.

1. One of the main risks for DeFi is the bugs from smart contracts and the changes in protocol that cam affect the existing contract. The clients will bring extra insurance to lessen the possible issues.

2. Strictly need general checking how decentralized the DeFi project is as well as the procedure for shutting down, if there are unusual things happen, someone has the admin key to shut down the protocol

3. Resource cost can be also a fundamental problem which may bring about a course of liquidations over numerous DeFi protocols.

4. Network fees and blockage is also considered as a problem.

1. "How do I make money with DeFi?"
- Using Ethereum-based lending apps, as mentioned above, users can generate “passive income” by loaning out their money and generating interest from the loans.

2. "Is investing in DeFi safe?"
- No, it’s risky. Many believe DeFi is the future of finance and that investing in the disruptive technology early could lead to massive gains.
But, it’s difficult for newcomers to separate the good projects from the bad. And, there’s been plenty of bad.

3. "When will DeFi go mainstream?"
- While more and more people are being drawn to these DeFi applications, it’s hard to say where they’ll go. Much of that depends on who finds them useful and why. Many believe various DeFi projects have the potential to become the next Robinhood, drawing in hoards of new users by making financial applications more inclusive and open to those who don’t traditionally have access to such platforms.

4. "How will Ethereum 2.0 impact DeFi?"
- Ethereum 2.0 isn’t a panacea for all of DeFi’s issues but it’s a start. Other protocols such as Raiden and TrueBit are also in the works to further tackle Ethereum’s scalability issues.

Source links:
2  Economy / Gambling discussion / Inspirational gambling quotes. on: September 19, 2020, 08:16:06 AM
Gambling is part of some people's daily lives, there are some people who considered this as their form of entertainment and source of income. Losing and winning are normal and part of your gambling story, don't lose hope whenever you fail for once, just make it as your motivation to do it again with a different approach. I just want to inspire you with these good quotes.

1. “Quit while you’re ahead. All the best gamblers do.” -Baltasar Gracián y Morales.
- If you know how to quit playing while you are ahead then you will probably a successful gambler. You should know how to be contented of your winning.

2. “Hoping to recoup is what ruins the gambler.”
- This is like chasing for losses, when the eagerness of you to win stars then it will make you hard to stop even though you are continuously losing.

3. “Money won is twice as sweet as money earned.”-from the movie The Color of Money, said by the character Fast Eddie Felson – played by Paul Newman.
The quote was from the movie The Color of Money, said by the character Fast Eddie Felson – played by Paul Newman.
This is one of the reasons why they keep on gambling, the feeling of winning and earning of money makes them choose to gamble.

4. “I’ve learned the lesson that the worst thing that can happen to a gambler is to let his recent losses or wins knock him off keel emotionally.” -Andrew Beyer.
- Don't let your emotion make you unfocused on what you are doing, when you lose on your recent gambled then just forget it like nothing happens before, losing is normal.

5. “Nobody has ever bet enough on a winning horse.”
-It always happens when you win on betting to a horse race, you wish you had bet a larger amount of money, it is also applicable in any other games.

6. “Once you start thinking you have nothing left to learn, you have everything to learn.” -Steve Badger.
he’s pointing out that if you think you know it all you are sadly mistaken.
If you keep on thinking specific information then you will probably have a good chance to know it, setting aside it won't help you know it.

7. “Gambling is not about how well you play the games, it’s really about how well you handle your money.” -V. P. Pappy.
- It is our money handling that will decide whether we will be successful in gambling and not how good are we when playing.

8. “At gambling, the deadly sin is to mistake bad play for bad luck.” -James Bond book.
- This sometimes happens when we lose on something, we always blame the bad luck instead of working hard again or think good strategies to win the game.

9. “There is a very easy way to return from a casino with a small fortune; go there with a large one.” -Jack Yelton.
- Winning in gambling is not really easy and is jo always by our side but it doesn't mean that we should quit on it, there are still some reasons to pursue it.

Poker is one of the famous games and there are many people who are more likely to play it. Here are some quotes about poker.
10. “If there weren’t luck involved, I would win every time.” -Phil Hellmuth.
- No matter how good are you in the world of gambling, luck is always there in poker.

11. “Poker, a day to learn and a lifetime to master.” -Robert Williamson III.
- Saying that poker is really easy to learn and the strategies and lessons that we may acquire upon playing it will be for our lifetime.

12. “Hold’em is a game of calculated aggression. If your cards are good enough for you to call a bet, they are good enough to raise with.” -Alfred Alvarez
- Don't lose the opportunity, if your card is good enough hen it is time for you to call a raise.

13. “Nobody is always a winner, and anybody who say he is, is either a liar or doesn’t play poker.” -Thomas Austin Preston Jr.

- No matter how good you are in poker, it is really impossible for you to win it every day. The luck is not always on one player.

14. “Aces are larger than life and greater than mountains.” -Mike Caro.
- It only means that in Poker Aces is the most important.

15. “Try to decide how good your hand is at a given moment. Nothing else matters. Nothing.” -Doyle Brunson.
- This is just as simple as defining what poker is all about.

For more quotes, have a look with this one:
3  Bitcoin / Bitcoin Discussion / The IRS offers $625,000 for anyone who can brbreak Monero and Lightning. on: September 15, 2020, 03:57:03 AM
The United States Interval Revenue Service offered a bounty of $625,000 to anyone who will break allegedly the untraceable privacy coins such as Monero (XMR) as well as the transactions on bitcoin's lightning network. The Interval Revenue Service (IRS) will accept a prototype until September 16, if accepted they will receive the amount of $500,000 for an initial payment, it will allow them to work for 8 months to fully develop the prototype. Once the pilot test is completed and accepted by the government, another $125,000 will be paid, for a total of $625,000 at all.

IRS-CI is seeking a solution with one or more contractors to provide innovative solutions for tracing and attribution of privacy coins such as expert tools, data, source codes, algorithms, and software development services.

The announcement seems to offer an initiative with primary objectives to help IRS investigation to trace transactions, it includes identifying wallets, transaction Date and time, and amount transferred, it seems to be helpful if there is a crime about crypto world happens.
They said that Monero is one of the cryptocurrencies preferred among criminal organizations. The XMR is also used by ransom because of its privacy concers.

Monero (XMR) is an open-source, privacy-oriented cryptocurrency that is built and operates on the blockchain concept. These blockchains, which form the underlying technology behind digital currencies, are public ledgers of participants' activities that show all the transactions on the network.
Original author(s): Nicolas van Saberhagen
Hash function: RandomX
Circulating supply: 17,575,954 XMR (as of 27 May 2020)
Previous names: BitMonero
Initial release date: 2014
Latest release: / 23 May 2020
4  Bitcoin / Bitcoin Discussion / Global Crypto Adoption Index 2020. on: September 09, 2020, 07:00:53 AM
Ukraine took first place as the Global Crypto Adoption Index 2020 followed by Russia, Venezuela, China, Kenya, USA, South Africa, Nigeria, Colombia, Vietnam. These are the top 10 countries, these are made by Chainalysis, knowing that cryptocurrency adoption is growing around the world.

To make this happen, the researcher weighted the index formula to measure cryptocurrency activity and the country's population and economy size. The researchers want to show to all of you those countries with the residents that move the biggest share of their financial into cryptocurrency. The methods that the researchers have done are explained below.

This Global Crypto Adoption Index is made up of  four metrics
1. On-chain value received (weighted by purchasing power parity (PPP) per capita).
We calculate the metric by estimating total cryptocurrency received by that country, and weighting the on-chain value based on PPP per capita, which is a measure of the country’s wealth per resident. The higher the ratio of on-chain value received to PPP per capita, the higher the ranking, meaning that if two countries had equal cryptocurrency value received, the country with the lower PPP per capita would rank ahead.
2. On-chain retail value received (weighted by PPP per capita).
The goal of this metric is to measure the activity of non-professional, individual cryptocurrency users, based on how much cryptocurrency they’re transacting compared to the wealth of the average person. We approximate individuals’ cryptocurrency activity by measuring the amount of cryptocurrency moved in retail transactions, which we designate as any transaction for under $10,000 USD worth of cryptocurrency. We then rank each country according to this metric but weight it to favor countries with a lower PPP per capita.
3. Number of on-chain deposits(weighted by number of internet users).
The goal of this metric is to rank countries based on whose residents are carrying out the highest number of cryptocurrency transactions. We measure this by taking the ratio of on-chain cryptocurrency deposits to the country’s total number of internet users. The higher the ratio, the higher the ranking, meaning that if two countries had an equal number of deposits, the country with fewer internet users would rank higher.
4. Peer to peer (P2P) exchange trade value(weighted by PPP per capita and number of internet users).
Unlike our other three metrics, P2P trade volume isn’t expressed on blockchains, but still makes up a significant percentage of all cryptocurrency activity, especially in the developing world. We rank countries by their P2P trade volume and weight it to favor countries with lower PPP per capita and fewer internet users, the goal being to highlight countries where more residents are putting a larger share of their overall wealth into P2P cryptocurrency transactions.


5  Economy / Scam Accusations / SCAM: Span Coin - Fake team/Stealing other's Identity on: September 03, 2020, 09:10:04 AM
What: Fake team and stealing other people's Identity.
Span Coin is the digital currency of Spanvent booking agency platform. Project for music, musicians, artists and events, Span Coin is contributing in development of the project but it also stand as shareholding in IPO at release, fixed amount of total supply at ICO will reflect in the amount of shares released into market, non the less Span Coin is a trad-able currency, payment method and required to use in functions of the booking platform, Users holding Span Coins are entitled to claim profit share made by the company every quarter year in ether coins.

TYPE = Utility
PRICE 1 SPAN = 0.000125 ETH
PLATFORM = Ethereum


6  Other / Off-topic / Contact tracer vs scammers. on: August 21, 2020, 03:40:05 AM
After three months of staying at home because of the pandemic, America is now moving, they have now the contact tracers from Department of Health who will try to track everyone who has been exposed from COVID-19, they are really important to avoid the risk of spreading the virus but with this case, the scammers are attacking again, they pretend to be a real contact tracer, they will try to steal some of your important information, identity especially your money. Thankfully the Federal Trade Commission has a way of identifying scammers and real contact tracers.

A contact tracer may discuss things happen on you which can be related to the pandemic or if you get exposed to someone who became positive from the virus. A real contact tracer may contact you from calling, visiting your home, and email.
Here are things that they may ask you about:
1. your name and address
2. health information
3. the names of places and people you have visited

Scammers will try to ask some more:
1. Don’t pay a contact tracer.
Anyone who says you need to pay is a scammer, plain and simple.
2. Don’t give your Social Security number or financial information.
There’s no reason for a legit contact tracer to need your Social Security number, bank account, or credit card number.
3. Don’t share your immigration status.
Legit contact tracers don’t need and won’t ask for this information.
4. Don’t click on links or download anything sent from a contact tracer.
Real tracers will only send you texts or emails that say they’ll be calling you not ask you to click or download anything.

Because of this pandemic virus, scammers find many ways to steal personal's identity and even money. Let us all be vigilant and always assess the situation, for more details click this link.
7  Bitcoin / Bitcoin Discussion / Kobe Bryant's death has been used for scamming. on: July 30, 2020, 08:39:09 AM
I have seen an article that talks about the death of the legendary NBA player Kobe Bryant which has been used for scamming people.
Hackers are attempting to profit from the death of Kobe Bryant by hiding malware within downloadable pictures of the basketball legend.

Researchers at Microsoft Security Intelligence discovered that a desktop wallpaper of Bryant contained hidden software that secretly hijacked a person’s computer in order to mine cryptocurrency.

They called it as crytojacking worm. As expcted, scammers uses this opportunity to take advantage for scamming people. The growing trend has been found within images of various celebrities in recent months, often in the form of wallpapers that can be downloaded to a person’s desktop or smartphone.
Cryptojacking software was recently discovered within high-resolution images of musician Taylor Swift ad the actress Scarlett Johansson.
Cyber security firm Sonicwall registered over 50 million cryptojacking attacks in the first half of 2019, typically in the form of social engineering or other online scams similar to the Bryant malware.
Sonicwall said cryptojacking techniques were evolving but that it remained “relevant as a lucrative option for cyber criminals”.
“We found a malicious HTML file posing as a Kobe Bryant wallpaper that contains a coin mining script.”

Here is the source.

8  Other / Beginners & Help / Need help! on: June 09, 2020, 07:09:27 AM
Hello guys, I just want to ask something, hoping that you will help with these.

1. Is dice a kind of cryptocurrency?
1.1 if yes, what wallet can I use to store this crypto currency?

9  Other / Beginners & Help / Things I have learned from this forum. on: June 04, 2020, 05:43:41 AM
I m so thankful that I had reached now the Junior member, thanks for all the people who help me from reaching this rank, yesterday, I was only a newbie rank in this forum then upon opening my account, it feels so good seeing that I am now Jr. Member, I've started joining this forum on May 11, and now it's already June 4, so thankful that I get this rank for almost a month, so I just wanna share my journey to all of you guys.

I joined this forum because it is a recommended forum of my friend, saying that I should try it to become more familiar with the crypto world, at first I really don't know what to do, so I started to read some threads, I found the board of beginners and help, this is so helpful for me because I have seen so many information regarding the forum information, rules, rank system, etc.

There is a disappointment when I created a thread and got deleted, I was wondering the reason of deleting my posts, but upon thinking, I realized that this forum is not like other forums, this forum only accepts quality and good posts. It is really different from the forum that I have tried before which is the cryptotalk.

Because of this forum, I tried investing and trading bitcoins, I failed on trading because of being lack of knowledge, at first, I really think that it is really easy to earn money from trading because of what I have watched on YouTube, but upon trying it, you'll realize how hard to earn from that, greediness will make you lose. Whenever I am winning, the urge of earning more money always hits me so I always don't quite so I also ended up losing the money. Investing is really worth it for me, it helps me to save and earn money, I find it more safe than trading.

This forum teaches me

1. Put efforts - I am really happy whenever I received merits, but getting it is not easy, so I should put efforts whenever I created a thread, so it would become more useful for other people.

2. Be creative - be unique, explain well the things you want to say.

3. Be patient - do not be greedy all the time, readiness will lead you on the wrong path, always wait for the right time. (When to trade or to invest)

4. Be responsible - whenever you joined on a forum, do something to contribute, that is your responsibility as a member of the forum.

5. Learn from your mistakes - whenever you received bad comments on your thread, don't be sad, maybe that is there a way to help you. Put those negative comments on your mind and think about how are you going to fix it.

6. Respect each other - I always see some replies on some threads and they are suggesting what to do in a good way, there are also some people who are answering other's questions with respect.
10  Other / Off-topic / How to get rid of a computer virus. on: May 29, 2020, 11:19:27 AM
Are you having a problem with securing your computer? Having a secured and virus-free of a computer is really important especially if we are using our computer for some of our transactions online.

Computer viruses are always there if you are not using antivirus you wouldn't know whether you have one, so it is really advisable to install anti-virus protection on our computer or even on some of our devices.

Here are some steps to get rid of computer viruses:
1. Download and install a virus scanner - Download a virus scanner or complete internet security solution, it keeps an eye on all the files that enter your system.

2. Disconnect from internet - if you are removing virus on your computer, you should disconnect first the internet, most of the virus came from the internet.

3. Reboot your computer into safe mode - you should reboot your computer in safe mode when removing the virus.
Here are some steps to make it safe mode:
1. Turn your computer off and on again
2. When the screen lights, press F8 to bring up the ‘Advanced boot options’ menu
3. Click ‘Safe Mode with Networking’
4. Remain disconnected from the internet

4. Delete any temporary files - use Disk clean up to delete any temporary files.
Here's how to do this:
1. Click the Windows logo on the right bottom
2. Type “Temporary Files”
3. Choose “Free up disk space by deleting unnecessary files”
4. Find and select “Temporary Internet Files” in the ‘Files to delete’ Disk Cleanup list and click OK
5. Confirm “Delete Files” selection

5. Run a virus scan - Now it is time to run a virus scan using your chosen anti-virus or internet security software, the anti virus is really important to choose the best antivirus if you can.

6. Delete or quarantine the virus - If a virus is found, it may affect multiple files. Select ‘Delete’ or ‘Quarantine’ to remove the file(s) and get rid of the virus. Rescan your computer to check there are no further threats. If threats are found, quarantine or delete the files.

7. Reboot your computer - now, if you think that the virus has deleted, you can reboot your computer. Simply turn it on as you would normally. It no longer needs to be in ‘Safe Mode’.

8. Update your software, browser, and operating system - this is the very important thing, we should always update our software as well as the operating system, hose outdated software leads on having a virus.

Having a secured computer would make us comfortable that our transactions online are safe, it is really important especially when you are keeping important files on your computer Smiley.
11  Bitcoin / Bitcoin Discussion / Bitcoin may be the solution to Africa's broken financial system. on: May 28, 2020, 11:35:08 AM
A recent report says that being a lack of traditional financial of Africa makes it good for cryptocurrency adoption.

Per the report, cryptocurrencies such as Bitcoin (BTC) can potentially solve all the aforementioned challenges

Although it is a diverse region, African nations share some key similarities and trends. Economic problems, from high inflation rates and volatile currencies to financial issues such as capital controls and a lack of banking infrastructure, create a fertile ground for an alternative to germinate.


Do you agree that bitcoin would be a good idea for Africa?for me, adoption of bitcoin from Africa is a good idea, Africa has a big problem in terms of financial, they should do something to overcome those problems, one of the suggested ways is the use of bitcoin which is a really good idea, there are already many countries which are accepting the use of cryptocurrency in some of their transactions, it is way good better for fast and secured transactions compared to fiat currency.
12  Economy / Gambling discussion / Do you feel this way? on: May 27, 2020, 09:32:40 AM
Why Can't I Just Stop?

1. How did this happen? I can't believe all the trouble I'm in.
2. If I stop rambling now, I'll have to admit I'm a total loser. 3. There's no way I can pay back all the money I owe.
4. If I had the money to invest, I'm sure my luck would change. I just need one more win.
5. Even if I had another win, I'd probably just lose it again.
6. I can't face this mess alone, but I'm too embarrassed to ask for help.
7. I should be able to solve my own problems. How could I be so stupid?
8. I never thought it would get this bad.

Have you ever say those words to yourself? I think those people who always do gambling are really familiar with those words, some of them are now facing problems with their family, love ones, friend, career, etc. because of issues about their gambling lifestyle, they tend to fix the problem but the urge to gamble seems too great to resist.

You have lost interest in usual activities
1. You feel depressed, down in the dumps or irritable
2. Your sleep has changed (e.g., you have problems falling asleep or staying asleep, or you sleep too much)
3. Your appetite has changed
4. You have lost or gained weight
5. You feel helpless, hopeless or despairing
6. It is hard to think and to remember things, and your thoughts seem slower
7. You go over and over guilty feelings
8. You can't stop thinking about problems
9. You have lost interest in sex
10. You feel physically tired, slow and heavy; or you feel restless and jumpy
11. You feel angry
12. You think about suicide

Have you ever feel those things? If you are one of them facing those kinds of things for more than two weeks then I think you are depressed and have anxiety because of doing gamble often. If you want to prevent those things try to speak it out to your family or to the people you can trust with.

The worst thing that can have in gambling is the suicidal thought, some people who are thinking that way are really into gambling, that is what you can have when you get so addicted to it. If you feel that way, professionals consult some professionals on how are you going to fix the problem.

Just a friendly reminder, if addicted like you are being addicted to gambling, try to do some action to prevent it, you may do some other things like.
1. Focus on doing some other things.with. Try to spend your time with your family and your career.
3. Have a hang out with your friends.
4. Make yourself busy.
13  Economy / Gambling discussion / Do you gamble to escape your problem? on: May 26, 2020, 09:25:02 AM
I have read an article about why do people gamble, and one of the reasons is escapism, they tend to gamble to escape the reality of life. There is some person who gambles because of their problems from their friends, love ones, family and career, and one of their ways to escape those problems is to gamble.

The gambling environment can provide an escape from everyday life. Whether it be the glitzy casino environment, a loud and exciting amusement arcade, or even an online betting company, for the time that we are taking part we can be surrounded by different people, different sounds and emotions, all of which stimulate and arouse our senses.

Are you one of those people who gamble just to escape your problem? If you are one of them, I just wanna say that gamble will not solve your problem, yes you have escaped the problem but once you are done gambling the problem is still there and you still need to face it.

Gambling can also add to your problem, imagine if you already have a problem then you are also losing your money in gambling, what would you feel from that?   Grin
There are already gamblers who lost everything because of it, whenever you have a problem and you are still gambling you wouldn't think to quit because you want to the game and that is the time where you can lose everything in you.

Take a look with this link, those people who lost everything, cars, home, marriages and more because of gambling:
14  Other / Off-topic / Protect your personal data: How hackers steal your data. on: May 20, 2020, 11:03:12 AM
How hackers attack your account.

There are many ways that hackers are using to access other's accounts. I just wanna share with all of you guys so you would know if someone is trying to hack your account.

6 ways of hacking:
1. Phishing - it is a fake email act as a legitimate, they tend to create phishing emails with the intention of stealing your personal information such as your personal data, bank accounts, wallet accounts, etc. They tend to create a panic on the person for example they say that there is a problem in your bank account and you should input all your information to the specific website to fix the problem.
How to stay safe:
* Always check the grammar and spelling.
* Think twice before clicking the links.
* Hackers tend to say some problems on your bank accounts, be wise and always assess the situation

2. Malware - it simply means malicious software on your device with the intention of stealing your data as well. These programs can perform a variety of functions some of which include stealing or deleting sensitive data, modifying the system’s core functionalities, and secretly tracking the victim’s activities.

How to stay safe:
* Always use a legitimate antivirus
* Do not download a fake application
* Keep your system updated.

3. Malicious mobile application - not all applications in the play store are legit. Some of these apps may contain malicious code that can put your privacy at risk. The application may give malware on your device that can be used by hackers to steam your data.

How to stay safe:
* Check the reviews of the application
* Always read the permission before downloading
* Do not download third-party app stores.

4. Smishing - It is somehow related to phishing which tries to trick you through the use of private messages via phone calls and SMS messages. They tend to get your trust and then when they know that they already get your trust, they mask some of your personal information.

How to stay safe:
* Do not share your some important information of yours
* Always keep your personal data private (contact info)

5. Physical security threats - it simply means a threat from your personal information from other people having direct access to it. It happens when someone physically gains access to your device.

How to stay safe:
* Be careful when storing your personal data
* Do not leave your phone unlocked
* Make sure to have a proper backup

6. Insecure networks - it happens when you connect your device to other internets, such as open WiFi. It creates a possibility of accessing your personal information.

How to keep safe:
* Do not connect on free WiFi if you are going to have bank transactions
* Never connect on free WiFi that you cannot trust.
Be knowledgeable about something that may give threats in our personal information, it's our assets and this should not be stolen by anyone Wink.
15  Bitcoin / Bitcoin Discussion / An inspirational story of a 19 year old boy. on: May 19, 2020, 11:27:27 AM
We all have our own achievement with regards to bitcoin but I really inspired with the 19-year-old boy who gets rich by his young age. It is really something to be proud of being a millionaire at the age of 19.

Most of us have at least $1000 in our savings account, it sounds so normal but the young boy makes it enough to become a millionaire someday, it is enough to invest in cryptocurrency.

At the age of 12, the boy received $1000 from her mother as a gift and he used it to buy bitcoin and how he became a millionaire. He currently owns 401 bitcoins, which equals $3.4 million at a rate of $8,512 a coin.
Source: https://www.c[Suspicious link removed]m/2018/02/02/bitcoin-millionaire-says-this-is-how-much-to-invest-in-cryptocurrency.html

This sounds so good, hoping that we feel the same way, most of us dream to be a millionaire or even billionaire someday, praying and wishing that it all come true someday, it takes time and experience to become one of those people. Just be patient and keep dreaming Cheesy.

PS: I don't know what happens to the source link, I already edited it many times and it ends up like that.
PS: I just saved it to google drive so you can still visit the link if you want Cheesy.
16  Economy / Gambling discussion / What does Gambling really mean to you? on: May 18, 2020, 10:39:25 AM
Are you a gambler? Do you really know what gambling is?
From Dictionary:
* it is the activity or practice of playing at a game of chance for money or other stakes.
* the act or practice of risking the loss of something important by taking a chance or acting recklessly.

From Gambling Comission
* In the Gambling Act 2005 gambling is defined as betting, gaming or participating in a lottery. That definition distinguishes between activities which need to be licensed and other activities which do not.

We categorise different gambling activities into what we call sectors:

1. Arcades (those for adults and those for families)
2. Betting (online, at an event or in a high street bookmakers)
3. Bingo (online or in a bingo hall)
4. Casino (online or in a casino)
5. Lotteries (raffles, tombolas, sweepstakes etc)
6. Gaming machines (fruit machines, fixed odds betting terminals, etc)

From personal experience of mine
* Gambling for me is something you have the chance of winning the prize or any value, if there is no chance then you're not gambling. Gambling requires that there is a chance you might win something for your bet.
* Gambling also considered as a way source of income, there are many gamblers who tend to play because of earning money but the sad part of it is when you tend to play for money but going out having a lack of money.
* Gambling also considered a way of entertainment, there are many people who play gamble just only for entertainment or to kill boredom, it is more fun when you play with your friends.
* Some also considered gambling as a threat, once you become addicted to gambling there are many things that could change, you may lose control, you may forget some of the responsibilities of yours, as a parent, as a child, as wife or husband, etc.
The worst thing is that you may lose all of your property and can cause depression on you.

1. I wanna ask you guys are there any other definitions for you about what gambling is?
2. What are/is the accurate definition of gambling on you based on the definition above?
17  Economy / Trading Discussion / Tips for good trading on: May 17, 2020, 07:13:26 AM
I have seen many questions about how they are going to be a professional trader, so I just wanna share my experience, I am not a professional trader but I just wanna share some of my experiences and way of thinking in trading.

1. Trade at your own risk - You should know that investing, gambling and trading is somehow the same because you are not sure that you could win the prize, so expect that you could win and you could lose your money.
2. Limit your budget - always limit your budget for trading, you should use only those extra money you have, instead of spending it on some other things, you may use it for trading, at least you made something to make it profitable.
3. Do not be greedy - There are many people who suffered from being greedy, they tend to spend all their money because of thinking that they could still make more money but instead of earning they have lost their money. ALWAYS KNOW WHEN TO STOP AND CONTINUE TO TRADE.
4. Learn from your own mistake - Instead of being sad because of losing try to think on some other thing why you get lost and think some good strategies to overcome those mistakes.

Some good tips from google:
5. Check the ticker symbol - Ticker symbols are not universal and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, which was recently outed as a Ponzi Scheme. If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money.
6. Pay attention to the bitcoin - Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline or remains stagnant in price.

Trading is really profitable ways of earning money and having skills and knowledge about it would be a great advantage for you.
18  Other / Beginners & Help / Co-beginner in this forum? Read this! on: May 16, 2020, 07:47:52 AM
Based on what I have read on some other threads, creating useful and creative posts could be the reason of gaining the merit and merit is really important because it shows how good are we in this forum, the higher the merit the better, it requires knowledge and experience to get more merits. Merits will be sent for only deserving people here.

So I realized something why other people here do not create useful posts.
1. They are only here because of their own purposes, buying or selling bitcoin, getting into bounties, and asking some personal issues.
- if that is the case, then we cannot do something to help them to improve in this forum because of their personal reasons why they are here.
2. They don't know what and how to start, they don't know how to create a useful one.
- I suggest that you should read first some useful posts here in this forum, this board is really good for the beginners because most of the information needed by the beginners is here.

Reading is really a great way to gain knowledge in every aspect, if you want to be more familiar in this forum kindly rest yourself and have time on reading great posts in this forum, if you want to ask something try to use the search engine above and type the keywords of it.

Creating helpful threads will benefit both sides, we help other people by gaining knowledge upon reading your threads and it will also benefit ourselves by getting merits and getting feedback by others as well.

Here are the helpful threads about the forum.
This is the very important thread that a beginner should read, we should know the rules and the guidelines of every forum that we are joining.
Unofficial list of (official) rules, guidelines, FAQ by mprep
Motivation to create more useful threads than before, it says some benefits of having a merit system in this forum.
[Discussion] The Merit System builds our personality by Nellayar
If you want to add a timer to your posts, kindly read and follow the steps in this thread.
[TUTORIAL] How to attach a Timer/Counter to your post by Cygan
This is the thread about the most contributors of merit, here are the admins of this forum.
List of the forum's admins/ global moderators/ staffs by thranthidung
This is really a good thread for me if you wanna be more familiar with the ranking system.
FAQ: Everything you need to know about forum 'activity, account ranks and merit by hilariousandco
We all need a secured wallet, it will keep our bitcoins and money safe, read this for more information.
[General] Bitcoin Wallets - Which, what, why? by Lauda
If I am not mistaken, we need campaigns to earn bitcoin in this forum, if you want to see all of the campaigns, have a look with this one.
Overview of Bitcointalk Signature-Ad Campaigns [Last update: 11-May-2020] by Mitchell

Ps: I know that there are still so many useful threads in this forum, sorry for not include them all if you have more useful threads about the forum, kindly share it as well.
19  Economy / Gambling discussion / Gambling issues? Read this! on: May 15, 2020, 08:58:00 AM
Hello there, I know that most of us are really into online gambling because of his pandemic virus. Most of us are getting problems because of being addicted to it, there is some association that helps people who are involved in that issue.
Gambler's Help is a free service for people who are affected by gambling. There are Gambler's Help services available throughout Victoria that provide:

1. Free, professional, confidential counseling for people for whom gambling is an issue.
2. Counseling for the family and friends of people for whom gambling is an issue.
3. Financial counseling to help people with gambling-related money problems.
4. Advice on self-exclusion programs and other support services.
5. Community education to help communities reduce the negative effects of gambling.

Where to get help?
1. Your doctor or other health professionals
2. Victorian Responsible Gambling Foundation
3.Gambling Help Online - counseling and information services including a peer support program.
4. Gambler’s Help Tel. 1800 858 858, TTY 1800 777 706 – 24-hour telephone counselling service
5. Gamblers Anonymous Tel. (03) 9696 6108 – a support group for people with a gambling problem
6. Gamble Aware – information about the odds of winning, how gambling works, and when to stop
7. Lifeline Tel. 13 11 14
8. SuicideLine Victoria Tel. 1300 651 251


For those people who are facing issues with regards to gambling you may call and visit the websites, it would be really a great help to all of you, if you are all having trouble with your mind about gambling, you may call your doctors and other professionals, if you want to be cured of being compulsive gamble this would be a really good help to you.
20  Economy / Gambling discussion / GAMBLING: Skill-based vs. Chance-based on: May 14, 2020, 09:16:47 AM
Updated 05-27-2020
As we are now under community quarantine because of this pandemic virus, we tend to play online games to lessen the boredom we feel at our home, so I wanna know your preference on choosing what gamble to play.

There are two types of gambling for me, the skill-based and the chance-based.
1. Skill-based - these are gambling that requires our skills and techniques for us to win, such as playing poker, betting on races, and playing blackjack but the odds of winning are still different for people and it is always in favor of the owner of the gambling.
Pai Gow
Texas Shootout
Horse Race Betting
Sports Betting
2. Chance-based - these are gambling that you will only wait for the result, you don't need to do something or to think so deep for you to win because all of you have an equal chance of winning such as roulette, lottery, and other gaming machines.
Casino games:

Slot machines
Progressive bonuses
Sic Bo

Lottery products:
50/50 raffles
Scratch’n win tickets
Lotto Max
Pacific Hold’em

For me, I will choose the skill-based gambling because I am not hoping for the luck of life, I want to take action to make my life great. It is still better to think logically and analytically at any time.

But if you are only a beginner, I think the chance-based gambling would be suitable for you, but do not stick only on that, you should improve yourself, acquire skills and knowledge through experience so you will be able to play skill-based gambling soon.
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