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May 04, 2024, 04:44:43 PM *
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1  Economy / Gambling discussion / Re: In Your Country Who Gamble More? Young Ones or Elderly Ones on: Today at 04:42:30 PM
Most of the gambling platforms appearing in our country do not ask for KYC. Even an underaged bettor can play without any hassles or blockers which makes it quite alarming. Also, with the growing popularity of online gambling in social media, I'm confident that the young gamblers outnumber the elderly due to difference in understanding in technology overall. The target audience of gambling influencers are mostly young adults, and the said audience are biting the bait most of the time thinking they can replicate the luck of the person they're watching.

It would be best to have a definitive data on my claims, but from mere observation, I can see that the younger generation are a lot more engaged to gambling compared to the older ones.
2  Economy / Economics / Re: Agriculture vs oil on: Today at 04:16:23 PM
Quote from: bettercrypto
Is it really necessary to fight agriculture and oil? because they have the same benefits that are given to every country in the whole world, it's just real talk, This is just my guess.
As in agriculture, it is necessary for human survival, and besides that it also provides renewable resources.
Any country that fight agriculture and oil, will remain slavery to the countries they are getting food items and oil from because they will know that without them such country would not survive in their land. You can see that any country who don't have oil, they will make sure they invest everything in agriculture to ensure they live well more than the countries that have only oil without agriculture.
-snip-

Or they will invest in the education of their people to improve their economy. Japan and Taiwan are great examples of these because both countries are neither great for agriculture or have oil wells they can drill, but most of the world's tech are dependent on these countries' innovation and inventions.  Smiley

Agriculture and oil are important resources that contributes to the growth of an economic.And if I'm asked to choose one I'd choose both because both are important it wouldn't be wise to choose one and neglect the other.Your question sounds wierd tho.

Many countries in the world that are enriched with oil and do make use of the oil as an efficacy to reduce stress and promote productivity of crop.Oil resources are used to power mechanical farm equipment to make the work easier and faster for man and are used to produce fertilizers for productive farm produce.
I also think that just choosing one of them will not be effective and wise enough because in fact every country needs oil and agriculture to increase state income and to make its people more prosperous with these two things. So it would be quite reasonable if we choose both for easier and more effective prosperity because oil and agriculture cannot be separated when every farmer still uses machines to plow the land and also to plant seeds. So you have chosen correctly in this case because you already know how important oil and agriculture are in life.

In a perfect world, you will choose both. Though in reality, you will choose only one of them and choose to import the other in order to sustain your economy and people. Oil countries in the Middle East aren't really self-sufficient when it comes to agriculture, and they import majority of their produce from other countries. They made sure to invest a lot of their money in drilling oil wells and refineries before they sell it to the world. They are one of the leading countries in terms of GDP but they lack fertile lands to support agriculture.

Countries who aren't blessed to have either of these two will have to find something that they can sell to the world in order to import their needs. It's easier to say that you will prioritize both even though you don't have the means to be self-sufficient at it, nor import it in the first place.
3  Bitcoin / Bitcoin Discussion / Re: Accumulating Bitcoin or trading Bitcoin which is more wise to do. on: Today at 03:13:01 PM
I'm a man who has a lot of time in his hands but is always too busy doing something to enrich my skills and my self-worth. I'd love to trade bitcoins and make it something that will make me money, but I found out a few years ago that I'm better off buying bitcoins, storing them for 3 or 4 years, and selling them once a new ATH is hit. It saved me a lot of time, effort, and money and I get to use most of my time for other things that could also generate me money.

If you have a day job that occupies most of your time, keeping a little portion of your salary to buy bitcoin is the best way to go, then treat those expenses as your 'savings' and try to not withdraw when the price is subtly increasing. This way, you are building your portfolio slowly while you're making money, and the rest of your time is spent on other things that help you work on yourself. Personally, I think trading bitcoins is for the rich or those who have deep pockets who can make tens of thousands or even millions in a day. If you're someone who's in the middle class and working from paycheck to paycheck, day trading is risky and it's better for you to just save and buy bitcoins as an investment.
4  Economy / Gambling discussion / Re: Developing Winning Crypto Betting Strategies on: Today at 02:47:07 PM
There are a lot of things written on your post but none of them really talks about winning strategies for betting. No one will ever have a betting strategy to consistently win. Even poker players and card players lose every so often no matter how experienced they are on what they're doing. If ever someone has come up with a 'winning strategy' for crypto betting, it's most likely abusing a bug or something along the same lines because it's impossible to win consistently against any game that has the odds stacked against you.
5  Bitcoin / Bitcoin Discussion / Re: Best explorer for Bitcoin on: Today at 02:03:47 PM
I evaluate the explorer based on ease of use and the presence of address markings (so that exchange addresses are visible).
Also, by the way, Oklink is an interesting tool.

Mempool.space is the way to go if you're also looking for some low-level information that are not usually present on other explorers.


Also to add, it's pretty helpful to use if you're looking to do a transaction on the spot since you will be given an idea on how much the fees are at the current time. With that information, you can avoid overpaying for the fees while also getting your transaction confirmed a lot faster and making it more efficient. It's what I use mempool.space mainly, but it's also good for tracking the trails of transactions (at least for me).
6  Economy / Gambling discussion / Re: Why do casinos require users to verify their identity through a KYC policy? on: Today at 01:34:00 PM
Casinos often do this to make sure that the account owner is a true person and that they are not involved in multiple accounting that takes advantage of bonuses and referrals. As to it being related to cheating, they're probably checking common databases to see if the person in question has been involved in similar activities before. It also kind of 'deters' the user to do stop whatever illegal activities are they using because the platform knows their identity, which makes it easier for them to call the authorities and raise the proper report.
7  Economy / Economics / Re: Do you feel that the global economy is declining? on: May 03, 2024, 05:23:12 PM
Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

Wages haven't moved much since then. It cannot keep up with the prices of goods and no longer offer a liveable wage for a single person. This is why a lot of people are forced to look for second jobs or other things to make money on the side to supplement what they are receiving for their wages. Governments are obviously not helping the general public to improve their lives. They are just there to enforce laws for the benefit of a select few, and obviously not for the majority.
8  Economy / Economics / Re: Personal Financial Goals vs Government expectations! on: May 03, 2024, 04:52:31 PM
This is why it's best to look for a company that will help you in terms of your taxes. There are companies that offer you to work for them as a consultant and not a regular employee, but you get all the perks and benefits of a regular employee while only paying a significantly lower tax. I know this is not really applicable to all countries, but this is something that works for me that ends up me paying lower taxes and keeping a bulk of my salary to myself.
Unfortunately most companies didn't care with that, actually they don't have to care with that especially if you desperately need a jobs and your jobs are easy to be taken by other people, I don't think you have bargaining powers.

This is more like about the workers and the companies, not the countries.

Since most of people are average, they can't do anything except agree with all the rules.

That is also true. Most companies could care less about their employees and their wages. A lot would even go so far as to reducing the benefits of their employees in a legal manner, something that is no longer a new practice to majority of huge companies in the world.

Though that is the case, there are still a few companies out there that offer such flexible tax setup for their employees. Again, you just have to find them and you can look for that information on job boards, forums, or even on interviewers themselves. It's not an easy task, but it's worth the shot.
9  Economy / Gambling discussion / Re: Which device do you prefer for gambling ? on: May 03, 2024, 04:25:05 PM
I used to play on my phone a lot back in the days of pandemic. I find that a lot of the slots games are adaptive to mobile devices and offer a much smoother experience compared to a laptop or a pc--at least for me. Though after some time after I have switched over to a macbook, I felt that gaming on a laptop is much more responsive than it is on a phone. The graphics are larger, the response of the game is faster, and the overall experience is much smoother. It doesn't beat the portability of a phone though, but you can still bring it anywhere with you.
10  Economy / Economics / Re: Personal Financial Goals vs Government expectations! on: May 03, 2024, 03:33:09 PM
This is why it's best to look for a company that will help you in terms of your taxes. There are companies that offer you to work for them as a consultant and not a regular employee, but you get all the perks and benefits of a regular employee while only paying a significantly lower tax. I know this is not really applicable to all countries, but this is something that works for me that ends up me paying lower taxes and keeping a bulk of my salary to myself.

There's also the route of doing business, but taxes are much bloodier in that department compared to working for an employer. At the least, you can dictate all things you want to happen on your business and you get the rest of the time to yourself that you can use for other things that will make you money.

All in all, taxes are really something that is unavoidable, but there are ways to pay just the minimum amount for you to enjoy your hard-earned money. You just have to really look for ways to get that lower tax payment and keep a low profile in order for the government to not go after you and your money.
11  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Over the next months meme coin investors will get most rich on: May 03, 2024, 12:52:30 PM
I'm not even surprised if this will be the case. I mean, even 'content creators' with the shittiest content out there are rolling with expensive cars and living the life, what more are these retail investors picking the right coin at the right time with the power of their community behind them? I've seen lots of people become extremely wealthy because they were a part of pump and dump groups that are only concerned in getting the shittiest of coins to the top for a short period of time and dumping their bags to those who are foolish enough to buy into their schemes.

Then again, you will have to choose the right group who will not dump on you, and ensure that you are smart enough to sell just at the right time. Trading meme coins is still risky despite it being an easy way to make money if you know what you're doing.
12  Economy / Gambling / Re: 🔥🔥 HugeWin.com Presents Mega Jackpot and Bonus Deals for Casino Lovers 🔥🔥 on: May 03, 2024, 12:11:45 PM
Is like the guy above me explain to you about the over (2) bet market, but the strange thing here is the odds are very close between 1.5 and 2 and maybe that little diference between 1.11 and 1.15 can be a bug from the odd provider in this case, but im not sure what they are pondering.

Odds are really close because the oddsmakers are already predicting that the match will most likely end with more than 1.5 goals--more than 2, even, with the odds still low on the over 2.5 line. There are no 'bugs' in these types of lines, it's just what the odds providers have come up with on their own analysis of the match. If there's a bug then most likely the platform will know immediately, and you can't bet on the said event.
13  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: May 03, 2024, 11:50:51 AM
-snip-
To enjoy gambling, You need to become optimistic and at the same time play only what you can afford to lose so that you will not experience the urge to recover losses in case the result is bad for you on that day.

Not a lot of people really adopt this mindset. If people only have this idea in mind, they wouldn't be so hungry in winning and would rather enjoy every minute they can in gambling with the money they can afford to lose. I understand that people gamble in hopes of multiplying their money, but gambling is an unfair way of making money because the odds will always be stacked against the gambler, so the best way to not get yourself pulled deeper into the pit is to really know your limits, stop when you're already thinking about chasing your losses, and play with the money that you're willing to forego that wouldn't affect you in a huge way.
14  Economy / Gambling discussion / Re: Streamers using demo account on: May 02, 2024, 05:24:16 PM
It could not be demo accounts, but the casinos themselves are funding these streamers in order to boost their platform and show the viewers that this streamer rolls big and wins big on the same platform, instilling confidence and trust on the platform. A lot of these streamers in the Philippines are possibly doing this because if you think about it, these are just average streamers who obviously can't deposit $25k every day and lose it just because they can. At most, these streamers can possibly earn $10k in a month so how can they fund their gambling activities?

This is why I never play on the casinos these streamers are trying to advertise. They're fooling their viewers for the sake of money, and only a handful of these streamers are actually playing with their own money.
15  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 02, 2024, 03:44:03 PM
4 months is a joke. Normal guys go to prison for a much lighter offense and have been spending years on prisons that are barely liveable or acceptable for human conditions. Even if CZ goes to prison, a lot of his people will still run the company and people's funds will not go anywhere. And since the CEO is under the microscope for wrongdoings, the US government will certainly keep a microscopic eye on Binance just to ensure that no anomalies or irregularities will happen to the company's operations while the big boss is away.
16  Bitcoin / Bitcoin Discussion / Re: MemoryDealers aka Roger Ver Arrested! on: May 02, 2024, 02:33:59 PM
The Uniited States tax laws are insane. Despite several attempts to try and wrap my head around it, I hit a brick wall every time. It seems like a design intended to indict people rather than make the process easier for them, you have to figure out what to do and when to do it, otherwise you'll face prosecution.

Let's see as more details unfold regarding this case.

- Jay -

As someone who worked with helping people file their taxes in the US, I understand why there is a huge number of citizens that do not know how to file for their taxes and would rather pay other people to do it for them, even if it means that it might be an additional amount equivalent to the tax that they should be paying. This goes out to individuals that are earning modestly and quite 'comfortably', but I'm not certain about people who are earning millions from whatever venture they have.

I'm pretty sure Roger Ver knows his taxes. He may have forgotten that he's still obligated to pay his taxes (that's how absurd it is) even though in his mind, he no longer has this obligation to the US.
17  Economy / Gambling discussion / Re: cash out or let it ride? on: May 02, 2024, 01:05:01 PM
I'd get that $50k and would certainly be trying to bet on other games. It would be nice to have that full $96k win, but $50k is $50k no matter what. If you want, you can cash it out and bet on the same event live so no matter what happens, you still have something in the bag and could get some extras if your bet hits. There will be some regrets if you cashed out and your bet turns out to be a win, but it's a lot more difficult to bear the regrets of not cashing it out when you have the chance and losing it all.
18  Economy / Gambling discussion / Re: 2v1 MMA fight? on: May 01, 2024, 12:43:55 PM
They've been doing this to wrestling for ages, and I can see its potential in MMA though not too certain on how things would go for the rosters and the match-ups for it to still be 'fair' for the one guy against the two fighters.

I've watched 3v3 but 1v2? That does not seem fair to me no matter how you look at it and since people enjoy MMA fights nowadays they make it more interesting for them and add these kinds of shows. As I watched the match, it gave me double excitement and I'm actually cheering that the 1 guy and he seems skilled enough to beat them and he actually won the match. Unbelievable, he demolished them both by letting them tire first and finishing them with knockouts and kimura.

It's a strategy that could work honestly. Commonly, these two guys will always try to get the upper hand first and subdue the one guy early on in the fight. They think that since they are two people against one, they can easily win the battle. Unfortunately for them, the guy they are against know how to dodge, avoid, and conserve his energy.  Cheesy
19  Economy / Economics / Re: Surviving in this economy needs a new minds set on: April 28, 2024, 11:56:16 PM
People really need to think outside the box in order to survive in this economy. If one is to stay on one job and not have a side hustle or a business, you will not be able to survive in this economy and not get enough savings for the rainy days. I am earning quite handsomely on my job, but I still have a business and a side hustle that adds up to my savings and my money for investment. In this economy, you'll never know when things will get sour for you, so it's always good to have a backup plan and not stick to the traditional methods of keeping a day job and tending to your family at the end of the day. A little bit of sacrifice, but it always goes a long way.
20  Economy / Service Discussion / Re: Does your Sig-Camp Manager counts gambling posts that moved to off topic on: April 28, 2024, 04:23:49 PM
Most of the signature campaign managers that I've worked with do not count these posts as valid. If within the week, your posts are still in the gambling section and was moved to off-topic at the start of the next week, those posts are still paid and will not affect your post count on the next week. It makes their work a lot easier, plus, if it's something that isn't considered a gambling thread, why would they even pay for it anyway? It's not helpful for the service to pay for posts that are considered off-topic and may even be bad for their promotion overall.

Just think lf this, why would a company pay for a product that doesn't meet their requirement and criteria? They'd be losing money if they do that since anyone can introduce their product and the company will just pay for it anyway.
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