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461  Economy / Trading Discussion / Re: A more scientific mindset is necessary to avoid scams. on: October 29, 2023, 06:18:09 PM
Honestly, most of those very promising projects are actually scams. That "too good to be true" project. First of all, it will be difficult to identify if this is really legit or not because they put in a lot of effort and you can even say that it is more legit than other successful projects. I was also one of the victims of that before, so now I've learned something and should be more aware, always research the project you're going to enter even if you think it's legit. Same on the individual you mentioned above.
They know they need to do that because that is the only way for them to scam more people. Maybe they look legit but they are not yet on the level of a successful project. Even if we think like that, it's important to not be confident but let's still make an effort to double-check things. One or two mistakes must be enough already to teach us a lesson. For those who are lazy or can't seem to learn, they can just stick on the successful projects. They only need to practice on how to be patient and on how to control their emotions, just in case they like to monitor their investments, if ever they didn't learned these things yet.
462  Economy / Gambling discussion / Re: Relying on gamble wins is dangerous to mental health on: October 29, 2023, 05:19:22 AM
expectations that are too high and already have high hopes for gambling will only lead to deep disappointment with gambling and in the end you will only blame yourself for behaving carelessly. We hope it's okay but don't go too far because after all gambling is full of uncertainty. And we also need to remember that gambling will never change anything, including our lives financially. If you ever think that gambling can change someone's life, then we have to look at people. -people who lost everything, wealth, family and jobs just because of irresponsible gambling. And believe me, when we go to a casino with any amount of money, when we go home we will only come home with empty pockets. Gambling is very expensive and very risky to play, so be as careful as possible when playing it.
That is the problem, people think that they could have a life style change because they can get richer but the reality is that we are not going to get any life style changes, if any then we would probably get worse which is the point and that would be a lot worse.

I think it should be noted that gambling is a null game where you will end up with zero the longer you play, there is no scenario where someone could win money forever, the longer you play the more that house edge will get into play and you are going to end up losing money because of it. I personally gamble knowing this fact and that's why I can easily limit how much I will deposit because that is the amount I am fine losing all together if I keep gambling.
463  Economy / Economics / Re: World Debt Clock by nations. on: October 28, 2023, 07:22:03 PM
That's the sophisticated clock for sure and I am wondering from where the data is getting fetched. Is it the US government that is injecting this live feed? (How?) Those are remarkable figures but I am still confused about how they can not recover their debts in time considering they also have strong exponential ongoing GDP growth. That should be taking care of that but somehow I feel that's not how it works when returning the money. Moreover, since every country has a GDP to Debt ratio of almost 100% it seems that nullifies the entire competition in the economic circle with good breathing space to return the debts. It's strange how these things work but whats amusing is, if any of the countries started going towards lower debts then does it mean it will become a powerful nation and put down the US just like that?
The more you gain, the more you create debt to get richer. So lets assume you have 1 billion income, you can get as much as 3 billion in debt, so you grow and because of that debt you start to use it for making more and now you make 2 billion, now they give you 6 billion in debt, so you use that loan to grow and now you are making 4 billion income, and they give you 12 billion in debt. See how that works? They are growing for sure but because they are making more money that means they have the credit to get more debt as well and they keep growing their debt to grow their income as well.

This is what companies do as well, they do not really wish to pay all their debt, they want to make more and more debt to increase their revenue.
464  Alternate cryptocurrencies / Altcoin Discussion / Re: Noticeable New altcoins that launched in 2022 and 2023 on: October 28, 2023, 02:46:19 PM
I can sort of understand ARB because it is trying to do something but I can't really understand PEPE type of stuff because it is just a meme coin and I do not understand MEME stuff, like they are not real investments to me and I would suggest staying away from them. I understand some people like them but I personally do not like them at all. The best thing to do would be just realizing that they are bad and you should pick something that is a little bit better.
Aside from ARB, there hasn't been all that many which got attention, not that I am saying ARB is great or anything, I am just saying it got attention and was it worthy of attention or not is depending on your own research. Go check the coins and tokens from 2022 and 2023 and you will see that none of them ranks higher than ARB at this point and that's the key point here, if that's the only one then there isn't really anything that could be shockingly different after a while. We need to realize that this is a different view and we can't really make it change for the long term.

I hope that we could get to a point where it could be a little different, and yet we are talking about a situation that may not be all that easy to handle in the end. Just look for older ones, there is no urgency to pick the new ones, I get that new ones feels like it could be better than ever but that doesn't mean that we are going to end up with anything that could be a better just because they are new.
465  Economy / Speculation / Re: Is Bitcoin In Bullish or Bearish Trend? on: October 28, 2023, 10:35:31 AM
Upon everything that is happening now, we are still more on bullish trend than the bear even though the bullrun has not yet begins, we are only seing the possibility for having more bull market subsequently with time as we are planning towards the exit of October which is a month of bullish move, there have been some speculations that gives the end of this October to mark another pump to about $38,000 and this does not have to do with wether ETF got approved or not.
I agree that bull is happening because bull is happening, not because of any news or anything like that. I think it should be quite important to realize that hype creates hype in the market and that's what this was all about. I understand not everyone could see the same thing but I believe that ETF had nothing to do with this and that's why we shouldn't really be expecting much from the market to react to news.

Maybe the very first start was like that, but that was when the price was under 30k, we have peaked at around 35k and that should be basically enough proof that we didn't went up because of the ETF news, that one turned out fake anyway. When the price goes up, that causes some people to buy and that makes it go up even more, and buying results with more buying and just goes up a lot like now. That's what has happened and I am guessing that that will keep on being the case for a long time as well, can't really say anything else is required to see it higher.
466  Alternate cryptocurrencies / Altcoin Discussion / Re: 95% of NFTs have a market cap of zero on: October 28, 2023, 05:31:23 AM
There's always a false sense of some value on a hype, that's why people easily invest in all sorts of shitcoins. The problem with NFT isn't that it can't recover that fast, it won't recover ever again. At least in the form it was in 2021. All those projects will never again be worth the money that was asked for them in 2021. Exactly the same story that happened with ICOs in 2018 happened. Those coins never recovered, in their bulk, and died completely.
NFTs won't recover again because the vast majority are pure junk. They have no real utility. The fact that most of their content is stored on a centralized server, is a huge turn off for me. Isn't the Blockchain all about "immutability"? I wouldn't want to buy something that could disappear in an instant.

Most people don't care about this, since they only want to make a quick buck. Convenience goes on top of everything else. Hopefully, the industry will mature in the future as developers put their emphasis on quality instead of quantity. No one can predict the future, so lets hope for the best. Wink
That was the intention and since that is done now, they are moving to whatever the new trend will be. Not like people invested into NFT because they liked the idea, they invested because they knew that if they get whitelisted and buy at the release price, just within the day of release they could double their money or more and that's all they cared about. Then , when this is over they are not even caring about it, don't do it, and whenever some new trend comes out they will be focusing on that as much as they possibly could.

This is a vicious cycle that will continue without a doubt. I realize that it may not be all that easy, but it could get to a point where it will not be all that simple to handle on the long run.
467  Economy / Speculation / Re: Bitcoin may not hit $24,750 again in 2023 - I'm bullish till 2024 on: October 27, 2023, 06:23:55 PM
It's not just you, many people don't want bitcoin to drop back to $25k, but there are still some people who are expecting it. Those are people who haven't accumulated a lot of bitcoin because they think the market will have another big drop and bitcoin will drop to $15k. But I think they will soon be disappointed after seeing what has happened in the past few days. But you're right, we also have no guarantees that bitcoin will no longer drop below $25k.

I was pessimistic about the $40K goal by the end of the year but with everything going on, I think it's achievable.
Just because you are late and you regret not buying enough before you see it increase doesn't mean that you are going to be right. I think it should be noted that we can't really make a huge difference to the market right now and that can't really be the reason for it.

I think it should be noted that we are going to end up with a good return one way or another and that could be the case for the long term. I know that it may cause some changes here and there but we need to realize that life is not all that simple neither. If they are late, then they are late and we can't do anything about it, market will not fall once more just so they would buy some more, and by all means, if it drops, they would probably wait for it to drop even more before buying anyway.
468  Economy / Speculation / Re: Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast on: October 26, 2023, 06:30:09 PM
Dude, I'm like just make it happen.  Grin
Use your influence and whatever you have on your position to spread and gain adoption naturally for Bitcoin.
Everyone wants to see that happen and if there are people that don't like it, then those are the institutions that are yet on the market. They'll try to stop any potential adoption and growth through their FUD and everything to buy it cheap before that happens. 3 years from now, we don't know what can happen and if there will be more money injected again through printing.
I know the feeling, many people keep calling for these huge prices but they keep putting it very very ahead so that people would forget about it when the time comes. In reality I feel like it is not really that easy to happen, and it just a prediction, or even just a made up thing.

I think it would be smarter to talk about when the price will hit 50k soonest, because that's what we really want to know, would it be within 2023? Could it happen that early? Or would it be first two quarters of 2024? Or will we have to wait even longer than that? None of that is known and we are just making predictions but at least make something for closer.

Even 40k would be better, because we are not that far away from it, so someone saying "40k will happen during the next 3 months" would be great and we would appreciate it a lot, unfortunately not that many people are doing that for some reason and that causes it a little bit discomfort with the market since we do not know.
469  Alternate cryptocurrencies / Altcoin Discussion / Re: why meme coins are trending? on: October 25, 2023, 05:12:19 PM
In my opinion, what makes meme coin a trend is because many people have managed to become rich and get big profits from investing in meme coin, so that's what makes many people interested to investing in meme coin, but of course the risk of investing in meme coin is very big, because we can lose our money from investing in meme coin, but investing in meme coin is the same as you are gambling, you can become rich or poor from investing in meme coin quickly, so my advice if you are not ready with the risk of investing in meme coin (losing your money), then I suggest you not to investing in meme coin.
Because of its hype - while people see many people got into this and make a lot of money, they rush and buy them.
Indeed, a lot of early investors gain huge profits which makes others encouraged as well. Unfortunately, meme coins haven't stayed long, they'll be in hype these days but after a few weeks or months, they started to decline.

Yes, it is just like we put our money into gambling where we rely on luck, not the potentiality of the project. Many have been doing great with meme coins but many are also having terrible experiences.
Yeah true, the rush is the part where people make the money and that's why there are others who join, but the ones who join late usually end up with a bad result and could definitely result with something different. I believe that we are going to end up with something that will look a little bit different, and that should not be a big deal and could end up with a result that could be a profitable for you if you act quickly but also carries a lot of risk if you do not.

It would be smarter to stay away from them and not take that risk, if you keep on trying to take that risk then you are going to end up with a loss and there is no need for that at all.

I personally believe that it would be ideal to invest into things that have a long term future and not something that you could avoid or do not really care about, that would be the best way to approach this. I get that it could be something not so profitable, but at least it would be safer and not risky like this one.
470  Economy / Gambling discussion / Re: How often is your luck in gambling? on: October 25, 2023, 04:34:11 PM
No one knows when we will win or lose, but defeat most often comes to us and takes our money. That is why we have to avoid big losses and if we have won once or twice, it is better for us to immediately stop gambling because if we continue, we might experience even more losses. We cannot rely on gambling to make money.

Most people can't get lucky in gambling but still force themselves to continue gambling until their money runs out. They can't accept the loss and deposit more to continue gambling, which will only result in more losses. Those of us who have experienced such incidents must be able to prevent experiencing similar incidents because if not, we will never learn from the experiences and mistakes we experience and cannot become responsible gamblers.
It's true, gambling is unpredictable and in fact more people lose than win when gambling, but there are still many people who don't realize it because they are addicted to gambling. And I agree with you, if one day you win, you should stop for a moment and not force yourself to gamble again. This means that we have avoided the risk of gambling, namely losing money. Because if we continue to place bets so that the money we previously earned increases, we will soon fail because if we don't think clearly we won't necessarily get it again, and from our own experience and mistakes we must immediately realize this. that we must be wise and careful when we start gambling again.
That win which makes you stop can't be an ordinary one, it has to be a bit bigger than your capital. By logic I win all the time, if you wager on 50% chance to win, you are going to end up winning one way or another, or lets say you end up gambling on sports, that means you may bet on 1.40 chance team, and that odd means that the team will end up winning most probably, just because you win that doesn't mean that you should, and that's not going to be an easy task at all, should be avoided at all times.

I think you should stop gambling if you double your deposit, that is a good place to start. If you wager 1000 dollars bankroll, and get to 2000 dollars for example, that would mean that you could stop, after a while withdraw that extra 1000 dollars, spend it or invest it into bitcoin, and the other 1000 will stay like your starting capital and you can restart gambling yet again with that, it would definitely benefit you on the long run without a doubt.
471  Economy / Trading Discussion / Re: You are also like them? on: October 25, 2023, 08:05:54 AM
I personally am not good at carrying out technical analysis, but I have also seen channels on YouTube and Telegram that provide technical analysis for free. And try to understand the basics of the analysis they do. But I personally am not someone who easily trusts the results of other people's analysis. Because for me analysis based on fundamentalist news would be much better. Because the response of market players is always clear to see where they are directed by published news. So we only need to look at the market sentiment and start following the trend that is being formed. But to determine the best position for entry and exit, technical analysis is still needed for me. But technical analysis alone is not enough to make market price predictions. Because movements in the market are much more complex and there are many factors that influence its movements and these are the factors that we must study so that we can use them as material for analysis in our trading.
I agree, that's not really the point of Technical Analysis neither, you are making an analysis but that doesn't mean that it has to come out true neither, that should be something that we could end up being a little different. I get that we are going to end up seeing analysis that turns out to be true but we are going to end up seeing ones that turn out being wrong as well so all in all it is not going to be all that easy to predict.

We need to just use that as a way to just understand the market but that's not going to be all that weird. We need to realize that it is not going to end up being all that easy to handle and shouldn't really be something that we could benefit from neither, it just can't be all that good in the end.
472  Bitcoin / Bitcoin Discussion / Re: To protect consumers, Australia has introduced new regulations for cryptocurrenc on: October 25, 2023, 06:25:23 AM
I completely agree with that. It does depend how you want want to look at it though, as government are people too. If we are heading toward a utopian world, maybe the actions are for the better. If we aren't, maybe you are right. Either way I do agree that ultimately power of people and loss of a kind of freedom come with both the utopian and dystopian world where a government both exists and played a major role in the outcome.
Governments are not doing anything that would lower their own power, that is the problem. It is not about getting power from you, it is not about making you less powerful, that is not the point to be fair, it is to keep themselves powerful.

Obviously one way of doing that would be lowering your power and freedom, it is not a must, but it does benefit them, if they could give you some freedom and power while giving themselves even more, they would prefer that too so it is not about you all the time. In this case, Australia had no good reason to do this but they did it anyway, why? Who knows, they just wanted to get some power from the people and that's it, nothing really too complicated when governments want more power for themselves.
473  Alternate cryptocurrencies / Altcoin Discussion / Re: Which old coin do you prefer? Litecoin or Dogecoin? on: October 24, 2023, 08:21:42 PM
I prefer Litecoin rather than Dogecoin, because Dogecoin was originally created just for meme coin, so that's what makes me not interested to investing in Dogecoin and prefer Litecoin, because I think meme coin is an investment that has a big risk, but if I could choose an old coin that I like to invest in, then I would definitely still choose Ethereum, because Ethereum is a worthy investment for the long term.
Dogecoin is backed by Elon Musk as we all know and currently, Elon is the richest man in the world. Don't you think he will have a plan to double his investment in Dogecoin. For me dogecoin is best as the future for dogecoin is very bright and in future we will see many millionaires who will become millionaire by dogecoin.
The idea that "dogecoin is backed by Elon Musk" is the most wrongful thing that I have ever seen on this forum and that is saying a lot. It's not a coin that is backed by Elon Musk, the idea of "being backed" isn't what you think it is, just tweeted about it a few times years ago is not meaning that he backs it, or even owns it, he may have sold every single one of them at this point.

Litecoin is good because it's a decent project that keeps trying to be better all the time, and it keeps improving its code and features as well, doge coin was used because Elon tweeted about it. Tell me which one sounds like a good reason to buy a coin? I mean if you say you rather buy and hold something until Elon tweets about it, good luck to you.
474  Economy / Economics / Re: World economy not so difficult to Understood simple way on: October 24, 2023, 05:55:35 AM
The hard part is that when WW3 happens, it should not happen because many people will die and be affected for sure. Not only financial, but even the entire economy of the country is affected. I am even praying that the ongoing war between Hamas and Lebanon will end now.

Then the US is like that: when their debt increases, they just print more of their money even though their dollar fiat has no backup reserves. Because they go through high interest rates, that's why they are still being loaned because of those offers.
Lebanon? I thought they were fighting Israel and not Lebanon. In any other way, even if the war doesn't happen in your own nation, I feel like your nation may get inflicted about it as well. Just look at USA, we see them as a rich nation and a powerful nation but that is the rich people and not the ordinary citizen.

Because of the Israel war and the Ukraine war, they have spent way too much money on military and war efforts to help their allies, and that money went out of ordinary peoples taxes, that tax should have gone back to people who paid it, but instead went to people in another nation. That is not what they wanted, did any American die? Of course not, but they still got a lot poorer because of it. That is just example of one nation, there are many nations and many citizens that got in trouble because of these wars, and that doesn't have to be regarding fighting, they just got into trouble financially because this war is going on and that's a side effect of wars.
475  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: October 23, 2023, 06:28:53 PM
Napoli still looks very strong even without Osimhen and this can be seen from yesterday match when they were able to beat Verona by 3 scores and on the one hand Garcia is just trying to continue to provide his best strategy without relying on just 1 player because of Garcia awareness that Napoli must be ready to lose Osimhen when the time comes so that Several of Napoli attacking line players from now on have played an important role for Napoli to achieve victory in every match and in the UCL match against Union Berlin we all definitely thought that Napoli would be able to win in this match but for me if I had to bet it would be better Be careful because Union performance in the domestic league is a little bad but they could be strong in the UCL because almost all teams experience something like that and Garcia must have another plan to continue to give Napoli a bigger chance of winning.
I still think that it's the opposite, still doesn't emphasis Osimhen as a good player, but I believe they do not look good even with him, and look bad with or without him.

I understand that they got a win, but compared to last season they were terrible when he played too, and I am sure that compared to last season they will keep on looking bad this season as well. That's just comparison and that happens and because they ended up being champions so easily, weeks and weeks before the season was over, that was a special season and expecting them to have the same type of season this year would be too much. So if they sell him, and use that player to get someone decent, or a few different players, they should be fine in the end.
476  Alternate cryptocurrencies / Altcoin Discussion / Re: Digital Real Estate: Is it worth it? on: October 23, 2023, 04:44:24 PM
It can be shutdown by those people who create it so I don't really think its best option to have digital real estate since scamming is rampant and might we can spot one of those especially if we don't have proper documentation of such thing.
Yea, don't get in, if you don't understand. I speak from experience, I purchased few Bitcoin ordinals, and lost them in paying transaction fees, lol.

Regarding shutting down, they can't be since everything lives on blockchain.
Depends on the logic and what you mean by shutdown. Think of it like ownership and usage, the usage can be shutdown but the ownership won't be. Imagine NFT right, if you own it then you own it, there is no reverse back there, you will always own it until you sell, but the way it looks like an image? That part is on a server, so if the server goes out, you will own something that is not an image anymore, it will not look, it won't have anything, it's gone, you still own that, it just doesn't show up as an image.

Like for example you have a metaverse world, it is like roblox basically, or minecraft whatever, if the servers go down, sure the land you own there is still valid, but the game is gone, the world is gone, because server is gone.
477  Economy / Economics / Re: Energy Crisis 2.0 in the New World Order era on: October 23, 2023, 10:39:32 AM
I would assume that its not really as big of a deal as you may think because in the end we are talking about a situation that is a bit more personal and doesn't really need anything big. The world is going towards renewable energy more than ever, and I am sure that there are still things like airplanes and factories that uses diesel as well so I am not saying its going to end anytime soon, but the fact that we have more EV that uses non-diesel options, it is going to be clear that Russia will be less and less needed.

When the supply is there and demand gets low, the price gets lower, Russia will have a supply, but they won't have the same demand, so they will need to lower the price to be able to sell enough, that's the important part. I believe that it is going to be hard to handle it  for them because they depend on their resources to be able to stay powerful, and when their resources do not worth as much, and they are disliked, that is going to end up badly for them.
478  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 23, 2023, 06:21:09 AM
Most of the grown up people do not live with parents. At such, the parents are not aware about the interests and habits of individuals. Do you parents know that you gamble ? What was their first reaction towards your gambling habit ?
Yeah sort of, I mean not a lot because I am married and live with my wife, so I barely speak to my parents regarding gambling anyway, but when I do, I think its obvious that its not that much of a big deal for me, it happens to be something that is quite entertaining to talk about other things.

But, if we are talking about just being aware" then yeah they are aware of it, they may not know the frequency and the amount at all times but they know that I do gamble and that matters. I think its quite important to make it so that we are going to end up with nothing hidden from our parents even when we are older and that should be the most important thing that we could do, that wouldn't really hurt anyone and could do wonders if they help you as well.
479  Economy / Gambling discussion / Re: Possible measures to stop online gambling addiction. on: October 22, 2023, 08:08:03 PM
Very few people can gamble just like other games and for those who have experienced gambling addiction, of course they have various reasons not to stop gambling and what can make them stop gambling, I think they must have other activities that make them not have opportunity to gamble.
    -   You are correct in what you said; a gambling addict should have something else to entertain him that can change his gambling addiction, and perhaps one of them can take him or take him to another place that can give him peace of mind because of the beautiful view around him, such as beaches or camping places.

It is hardly surprising, at least in this sense, that a person with a gambling addiction may eventually recover. This way, it will be built in such a way that it will benefit his health as well as ease his mind and reduce his stress level.
And nowadays the whole world works on making the home more entertaining than the outside ,between having millions of movies and tv series at your disposal with just some subscriptions (or free from torrent as it has been for decades) there are also a lot of other games, and other stuff that you can do.

The technology improved so much that you could literally make amazing art using the "AI" companies websites, which is fun to spend some time with as well. I think it is quite important to make it work one way or another, I believe that it should not be all that difficult to find a way to spend some time.

I personally like playing computer games, do not have that much time to do it as much as I want to be fair, but if I ever stoop gambling and have time to do something else then the games are definitely what I want to do and nothing more. It's quite understanding of what to do and could be a deal where we could end up with a good return without a doubt.
480  Economy / Speculation / Re: Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast on: October 22, 2023, 09:05:29 AM
Bitcoin has been doing well lately, going up by about 29% since March. It almost hit. $30,000 but didn't quite get there. Right now, it's worth more than before when it was around $24,000. Arthur Hayes the cofounder of BitMEX, has a big idea about what might happen with Bitcoin in the future. While banks around the world are making it harder to get money, Hayes thinks Bitcoin could become really valuable, like between $750,000 and $1 million by 2026.
Reaching a million is not the real question, everyone focuses on just the money but doesn't really focus on the implication. The real question should be why it did that if it does it? I mean lets assume that it reached 1 million by 2026 December right? Why did it happened? If it is just "a lot of people bought bitcoin so this happened" then yeah that would be lovely and it is not happening, not that many people will buy it in about less than 3 years, that's way too much increase and not happening.

However, if we are talking about some world war, which is more and more likely everyday and there are west vs east stuff going on once again where it is Israel and Ukraine used as western puppets versus Palestine and Russia which is used as east puppets, then I would say it is possible. I need to think about this as well, if it is a bad world situation then that's possible but not good for any of us. We need to hope that it doesn't reach a million for any bad reasons.
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