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1141  Economy / Trading Discussion / Re: Must Read: Scams disguised as premium signal groups/channel on: November 05, 2023, 10:40:59 PM
I once encountered this situation when I was a beginner in trading. I used to follow a lot of telegram groups to follow signals, and some offered paid signals if they gave free signals that were cheap or of low quality, some just randomly gave signals without basis, and the worst was some asking for your account, saying that they would handle it and that they were the ones who would trade for me. At first glance, as a beginner, you will be struck by the eye-catching and ear-pleasing promises about how much you will get if you invest in them, but in reality, there are more scams than real ones. That's why I stopped following signals and honed my own skills and experience so that I would not rely on scams scattered around, so avoid telegram groups; there are more scams than legit providers there. Even if they give free signals, don't just follow them; analyse them first to see if they're valid.
1142  Economy / Gambling discussion / Re: What's the best advice or should I just let him on: November 05, 2023, 10:14:18 PM
I don't think the old man is addicted; he is just doing what he likes and what makes him cope with loneliness. As you said, he is a pensioner. I don't think that he will spend all the money he has, especially since he is alone now. He is just enjoying and entertaining himself; it can't be helped. But I get why you are concerned; he is old and alone. Maybe you could talk to him often or play with him the gambling games, such as card games or such.

Well, its good that you show concern over the old man, but I think it is not a good thing to force him to stop or to limit the old man, as I think the old man knows what his limit is. Just be there and watch over the old man and let him enjoy what is accompanying him. Just gambling is more popular with old age, and it is incredible that he is updated to online gambling; it is convenient for him.
1143  Bitcoin / Bitcoin Discussion / Re: What is your one memory related to Bitcoin that you want to forget? on: November 05, 2023, 01:50:53 PM
There are two memories I want to forget, or, let's say, regret the most. First is the common problem of sending bitcoin assets. What happens here is that because of careless action, instead of sending the bitcoin to my other wallet address, it turns out my wallet address is wrong; it has a few missing letters in the end, which results in losing my asset. But thankfully, it's not that much, but I still want to forget about that mistake. Send is trading in bitcoin. What happens here is that I trade bitcoin while I'm drunk. I don't know why I did, but maybe because of the influence of the alcohol. I see the trade bright red in the morning, and my reaction is slapping my face or face palm. Instead of hoping that it will recover, I close the trade. And that is the most dumbest mistake that I want to forget in relation to bitcoin.


1144  Bitcoin / Bitcoin Discussion / Re: Is it the right time to invest in Bitcoin? on: November 05, 2023, 12:02:06 PM
Well, I think this will depend on the investor. Many will say that it is the right time or that yes, you can invest in bitcoin anytime. Some will, of course, disagree, etc., so I think it's okay that you can ask the opinions of other people, especially in this forum, but of course the decision will still depend on whether the investor will continue investing. I think before investing, the investor should of course consider a lot of things, like whether he can invest in equity or if the market shows an opportunity to buy bitcoin and such. In short, there are things to consider before you can say that this day or this time is the best time to invest.

If only investing, then every time is the best time to invest, but if investing aims to earn, then an investor should do research and analysis first if the market shows an opportunity, and that depends on the technical analysis of the investor itself. What I'm sure of is that it's still not too late to invest in bitcoin.
1145  Economy / Gambling discussion / Re: My $50,000 betting goal by 2024. Share Your Thoughts With Me. on: November 05, 2023, 10:53:40 AM
I never set myself any goals in gambling. Of course, like any other gambler I wanted to win a large sum and I succeeded, but the goal of $50,000 is quite a high bar for annual earnings, especially when you consider that winning in gambling is not guaranteed and depends heavily on luck. In my country even to earn such money in a year is quite difficult, what to speak about earning this money on gambling.
If someone is determined enough to do this then you best believe that they will be able to do it, nothing wrong with believing in them because at the end of the day, it's their money anyway and it's not like you're going to be the one that's losing them so just cheer for OP and hope that he will be able to get to that goal. Also, I don't think that OP is going to be losing that quickly or won't be able to reach his goal because OP said that he's betting so the loses might be minimized especially if OP know what team he's going to put his money in.

Now in the subject of how OP plans to achieve this 50k betting goal, I advice you that with all that you're planning to do, it's always a safe choice to do the safest bets, those that will guarantee you win should be the pick no matter how stacked the odds is on the other team, that kind of scheme by betting services are designed so they attract risk takers that want to take chances on the likely to lose side.

But it also means he will bet not for fun or entertainment. I admire the goal and the plan the OP states. Its great because he will not just set a goal and have no clear plan on how he will achieve that goal. The OP thought carefully and suited the plan for himself, but what I am concerned about is that because he set a goal, in every of his bets he has that anxiety, afraid to lose the best as he has a goal. It also means he steps aside the fun part of gambling or betting. But of course it's the OP's choice and decision. I hope he achieves his goal, but I also hope that he will not be too focused on his goal. It's okay not to fully achieve the goal as long as you earn more throughout the year, as your goal is quite high. Anyway, best of luck to the OP. I just want to remind you not to forget about the fun part of gambling.
1146  Economy / Gambling discussion / Re: Have your own casino. on: November 05, 2023, 08:42:55 AM
Dreamed about having your own casino? Yes, as a gambler, particularly in online casinos, I dreamed of having my own online casino. First, because I like gambling, I like the different games that are fun to play. But as I said,  I don't often go to physical casinos, and I'm not a fan of crowded places. Second, I want to have my own because you can learn a lot, but it depends on how I manage the casino.




Why did I stop dreaming about that? Because for me, it is impossible for me to build such a thing, yes, I can make a website, programme games, and build my online casino, website, or application. But the thing is, it's not that easy. Others are right; you have things to consider before you can build your own—financial, capital, management, etc.—and I only know about programming, so I stop dreaming, and eventually I realise that it's just a dream. At my age, I just want to play an online casino.
1147  Bitcoin / Bitcoin Discussion / Re: What if the second Satoshi appears? on: November 05, 2023, 07:09:36 AM
First of all, there are a lot of blockchain technologies out there and many coins, or what we call "altcoins," but why are people still into bitcoin? It's because without the bitcoin that Satoshi builds, there are no other coins or altcoins. In short, all altcoins are based on the technology of bitcoin; they rely on it. For example, all altcoins can be affected by the price movement of bitcoin, and I guess you all know that.

If, for instance, there is another technology that surpasses bitcoin, then I think people will still be in bitcoin because it's not easy to let go of a technology that offers a lot of opportunities, and as long as it is useful, I know bitcoin will never be replaced. There are a lot of possibilities as technology advances in the future; we never know; we can't predict the technology, and that is the most exciting part of it.
1148  Economy / Gambling discussion / Re: Out of curiosity, how much you wagered recently? on: November 04, 2023, 11:57:05 PM
I think my highest amount I bet is in sports betting, and the amount is $300. The result is that I won that bet thankfully, but that is the first and last time I will bet that much because I can't take the anxiety of what will happen to my bet. It's not that I got afraid, but I'm more careful now. To my next bet or stakes, I only limit myself to $100 every session or in one bet. That's it, nothing more, nothing less. It's more like my limit and boundary. I set this limit to minimise my gambling spending and it has proven to be effective because, as I monitored my wins and losses, I saw that I earn more than what I lose, which is a good indication that having discipline in gambling is much better.

I have friends that spend quite a lot of money on gambling, mainly sports betting. As they are fans of the NBA, they spend a lot on it. And they don't track their wins or losses, but I think in a day or a game in the NBA, they can spend around $200–300, which is a huge amount.
1149  Economy / Trading Discussion / Re: Tips to Follow traders/scalpers (who use Stop Loss) on: November 04, 2023, 11:13:48 PM
There are very good traders in bitget, bingx but they dont use stop loss..I would prefer to follow traders/signals providers
who use stop loss
Avoid signal providers. I do not know of copy trading, but it is better as you follow the trades of people, unlike signal providers that you will follow nothing than the providers to find ways to earn money from you without them thinking of you winning or losing.

As for copy traders, I do not know much about it, but there is nothing that is better than learning trading yourself and use the amount of money that you can afford to lose to trade.



I agree. I don't recommend following signals from other people, as many of them tend to offer services for a fee, or if the signal is free, the quality of the signal is cheap, which is why I don't recommend following and relying on signal providers. If the OP wants, he can use Etoro, which is copy trading. You will just need to select the traders you think are trustworthy and, of course, have a good record in trading in crypto.


If you, for instance, follow signals, I still think that it is not suitable. Why? What if that signal requires a lot of equity and the trader has only a limited amount? In short, there are a lot of things to consider before you can follow and fully utilise a trading signal, so it's much better to rely on yourself, who is fully equipped with knowledge and skill in trading.
1150  Economy / Trading Discussion / Re: The most risky adventure you must avoid on: November 04, 2023, 10:37:46 PM
It's a known fact to everyone that risk is directly proportional to profits. The more risk we take the more profits we get.
But the wise one knows which risk is worth to take it and I guess that's where many fail.
We should know whether the risk we take will be fruitful to us and things won't go very bad if we fail.
I guess that's what OP means when he says "calculated risks".

I agree that trading is too risky as the price is volatile, so much so that many traders and beginner traders tend to lose some money because of their mistakes and wrong trades. But without risk, as you say, you can't also obtain profit; risk is profit. It matters how a trader turns the risk into profit; it requires skill and knowledge.

That's where calculated risks enter. A wise trader knows what amount to risk and what trade worth to risk. I personally quite mastered that thing. At first, I always raised the risk by raising the leverage but didn't do well always. There's always a perfect timing and certain point when to trade with low leverage or high leverage. I myself am a risk-taker, but not always do I know when to back down. Of course, there are trades that I want to do but choose not because of uncertainty but eventually regret not taking the risk.
1151  Economy / Gambling discussion / Re: Conclusion after losing millions! that games are rigged. on: November 04, 2023, 09:45:48 PM
People thinking that casinos are rigged is a common misconception, and casinos are guaranteed to make huge profits without cheating. Moreover, there is no real evidence to support that casinos are cheating and many gamblers lose a lot of money and accuse them of being cheated by casinos when in fact they do not accept the fact that it is one of the real risks in gambling.
Gambling is luck and luck is unpredictable. So bet moderately and for fun, sometimes today you are unlucky, tomorrow there is a chance to be lucky.

True, I agree with you. The real problem here is the OP. Let's say this: if he suspects that the casino is rigged, then why does he keep betting? Even raise the stake? The real problem is that he keeps on betting and betting because he's desperate for winnings. He thinks that betting more money and betting more sessions will give him a win, but in reality, it's not. Slots are all about propability and luck; the OP just doesn't think carefully before spending and betting.

There is no evidence that online casinos are rigged; if it is, then they should not be permitted to operate online because they will adhere to the rules and laws; it's a processor to which they will get a permit, and I'm sure they have checked if their system will cheat or be rigged. It's just that the OP finds something to blame, but the truth is, he should blame himself for excessive betting. If you know you are losing too much money from that start, then as a responsible gambler, you should stop. You should know your limits, but the problem is that OP is an irresponsible gambler.
1152  Economy / Trading Discussion / Re: If you had AI day trade bitcoin to make profits on: November 04, 2023, 03:12:41 PM
If you want to trade Al with Bitcoin you need to have a lot of knowledge or else it will be very dangerous to trade Al with Bitcoin. As we all know trading Al with Bitcoin is very risky so it is better not to trade Al with Bitcoin. If we trade BTC we will get much more profit than we will get from trading Al.

You just repeated what the others say, and in fact, your statement is only on loop, meaning everything you've said is the same. I don't know if you know what you're saying; I think you just copy what the others say and say it many times with a different approach. If you don't know what the topic is, then don't post at all.

Anyway, to answer the question, I guess trading using AI or AI trading in bitcoin is still not realiable. I mean, there are trading bots out there, but it is not proven that they can always give profit, or, let's say, there is still a large margin that trading using AI will fail or result in profit loss. Let's put it simply: AI trading will trade based on the information inputted or programmed into the AI, and as we know, the bitcoin price is volatile, which means it can move differently each second, minute, hour, or within the day, so there is no definite pattern. And as AI relies on its data, if the AI doesn't recognise the price movement and other patterns, indicators, and analyses, then it will not function well; it will not do trades that will guarantee a profit.

I guess relying on AI trading is still not a good idea, unless someone could develop a robot to efficiently trade at any time and in any situation.
1153  Economy / Gambling discussion / Re: Nigerians spend $975m daily on online betting on: November 04, 2023, 01:50:35 PM
It's worrying that so many people in Nigeria gamble. If they're addicted or trying to make money, it could be bad for them.
People in Nigeria don't earn a lot, but they spend a big amount on gambling. The government needs to control this to protect them. They could do campaigns to tell people that gambling can be dangerous.
This might help them make better choices and avoid problems. telling them understand the risks of gambling is important to keep them safe.

But based on the statement in the OP, they gamble daily, which means they have a means of earning, so they are able to gamble every day, which means they have something that they do to earn. I don't know, I don't want to judge, but based on the percentage, maybe they are the people that are reachable. Of course, even the Nigerian country has rich people, so I think they are the ones that can gamble every day. If not, then we are not sure how they have money to use for betting.

Even if the government raises a campaign or such, they can't stop people from gambling because the decision will depend on themselves. Unless the government bans gambling activities, that is the most effective way to stop people from gambling, but another problem will emerge: there will be a lot of illegal gambling cases. In short, we can't force them to stop gambling, but yes, we can do our part or the government's part by raising awareness.
1154  Economy / Gambling discussion / Re: A Nigeria socialite went all in on this sport bet on: November 04, 2023, 12:57:44 PM
There are many things to question about this, firstly, E money is a prominent Nigerian man that is well know to be involved in many kinds of digital businesses online and in physical, how are we going to know if truly this slip was really from his verified social media handles, am someone who also trust his integrity but doesn't believe he can come out publicly this way, showing his betting slip, people may begin to predict that he got all his money from gambling and not in doing business.

Even if the bet slip is not for the mentioned person, still that bet is too risky, but it can also be risky because what if the better didn't care about the outcome? Then he will rely on his luck, and there are 50/50 percent chances, which is too risky. It may not be risky because the man may be sure about the bet; that's why he put a high amount of money into that bet. Well, either way, it will definitely hit his life; it may be good or bad.

If this person just faked that post, he is a big scam; claiming others bet slip is a bad thing; and also, flexing bet slip is not a good move because, as you said, many will be suspicious about the man who posted the slip. He can be targeted if, for instance, the bet he placed is win situation.
1155  Bitcoin / Bitcoin Discussion / Re: Would you rather make your investments in FIAT or CRYPTO? on: November 04, 2023, 10:10:04 AM
The crypto market has an high level of volatility, anyone who is about to make an investment need to have a good understanding of the volatile market. Now the question is even with the volatility will you still choose crypto over fiat when it comes to making investments?

Yes, of course, that is the beauty of cryptocurrency: its volatility. I know it is risky or dangerous, but that is what crypto is. Because of its volatile price, even for many, it is dangerous, but for crypto investors of any kind, like tafing and holder, we take advantage of the volatility of cryptocurrency.

Of course I can, because I've honed my knowledge and skills in terms of cryptocurrency. That's why I'm not afraid of the volatility. Of course, there's still risk, but of course, without risk, you will not gain. A mature and honed crypto investor will not blame the volatility of the price if they fail or lose money; the ones to blame are the investor itself, because it means that you do not have enough skill and knowledge and yet you still invest. There is a lot to invest in fiat, but I'm more into crypto currency.
1156  Economy / Gambling discussion / Re: how to start betting on sports? on: November 03, 2023, 11:27:49 PM
Well, that would be risky. I mean, you said you want to earn a profit from sports betting, but you don't know about sports. Players,  how could you possibly earn if you are not sure on who and what you will be betting? Yes, you could start playing sports betting, but the guaranteed earnings are impossible. I think you should invest first in gathering information, like reading articles about the sports you want to bet on and gathering information about the teams and players. In that way, you have a chance to win because you know who could possibly win.




Sports betting is fun, yeah, but losing money from it is not. So before you decide to fully engage in sports betting, take the advice of a lot of people who will reply to your topic. That will be useful and beneficial for you, and you will also earn a lot if your bet is on point.
1157  Economy / Gambling discussion / Re: Telegram Casinos good or bad? on: November 03, 2023, 10:41:39 PM
Telegram? From the sounds of it, telegram is subject to use for scamming. I don't, but trusting the application and installing it on your device is so dangerous because, as the OP said, it is only on telegram, and what we know is that it may be a scheme made by scammers, added with no KYC. That's a bit too obvious. Imagine depositing money from an app that you've got on telegram without knowing who is the developer of the casino app or who's the owner of the casino app.

As an IT professional, this is too risky; apps may contain malware that can be used to hack devices. I don't discriminate or talk bad about Telegram; I use it, but online casinos that are based on Telegram are too risky and dangerous. Of course, I don't stop gamblers if they want to use it. You are in your own safety; it is your own responsibility.
1158  Economy / Gambling discussion / Re: Anonymity is no longer a benefit of gambling with cryptocurrency. on: November 03, 2023, 10:09:26 PM
This doesn't seem to be true. Some of the oldest and reputable crypto casinos don't do KYC. All fiats do KYC and many fiats are crooked. Even if you give your KYC to a crypto casino they may ask for a video selfie later.
That's because the old and reputable crypto casinos already make a lot money, so if there's a gambler is winning and withdraw his profit, it's just a peanut for the casino and they will not ask KYC since it just a wasting time for them.

Yeah KYC isn't only submitting personal ID, bill etc, but including self introduction video, live video, or other ridiculous thing that could satisfy them and you don't have any option to reject it.

I think KYC is normal these days. It's part of the security policy of the casino; they do KYC for them to know who the player is and where they will send the withdrawal. And because a crypto casino or online casino is subject to money laundering, what I mean is that if the player is anonymous, he could waste money that could be from illegal activities. That's what the online casino is avoiding, and there are also laws that require KYC for online casinos to verify the players for their safety. I understand that you are concerned about your personal information. If you think you can't trust the online casino, then find another that is more trustworthy. But asking for video recording—I think that is sckechy; if they ask for that, I suggest they don't sign up for that casino. KYC only requires informal ID and a picture. But it depends on the casino; it's your call whether to trust it or not.
1159  Economy / Gambling discussion / Re: Difference between crypto gamblers - regular gamblers on: November 03, 2023, 03:22:40 PM
Crypto gambling is the new meta because it is easy to access because it is online, and crypt currency is also well known to others. Especially investors. Well, traditional gambling is still popular these days, as many people are still fans of physical gambling games as they are more fun and entertaining, especially for the elderly. Mainly, one of the main differences between crypto gambling and regular gambling is that regular gambling is for gamblers who like engagement with other people, or socialising, in short. While crypto gambling is easier to access with just a device, it is suitable for gamblers who don't have social skills or are introverts, and of course, it is more popular among young people. Still, even though they have differences, gambling is gambling, and gambling is a form of entertainment with money involved, while it has its good side, as we know both of them can cause addiction.
1160  Economy / Trading Discussion / Re: Trading can ruin you on: November 03, 2023, 01:58:15 PM
And I experienced that at some point in my trading journey, both crypto and forex, when I first started, I ignored the essential things that I should know: knowledge, skill, and experience. At first, it went smoothly. I traded recklessly, but it didn't last long because after that day, I kept losing and losing money until I'm in debt.


But that didn't stop me. I rested for a while, then started learning more about trading and focused only on crypto currency trading, mainly bitcoin. Of course, at first I still lost some money, but not like my first experience. Eventually,  I noticed that I'm getting better and better at trading. I'm not a perfect trader, so I still experience down trades, but I can earn more than I lose. Even trading is too risky and can cost you money if you don't do well. As long as you have dedication and patience, the losses will pay off.
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