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361  Economy / Gambling discussion / Re: Higher and lower risks in gambling is the gamblers choice. on: January 19, 2024, 08:45:15 PM
I don't know if everyone is aware of this that the more risks you takes on your predictions is the more higher the game odds, and this set of gambling demands lower stakes due to the chances to win is extremely high. Strategically, you are trying to safe your funds from some sort of impossible winning because it is obvious that you are daring the game with such high risks.

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.

This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.

You can also make some awful predictions with a single stake and win nothing. It's all depend on what you present on your ticket. If you have for instance Manchester City against Tottenham and you picked Tottenham over City, then you have low chances of winning that game than when you pick Manchester City. You can do this on single bet and you wouldn't even win anything but if you choose a good team that is on form with a team that is not stable, even with more similar risky games you will win more.

Your line of predictions is another factor you should consider on what this guys pick. I will use my previous example of Manchester City and Tottenham for this example again. If you select that two teams and you expect to them to have over goals, you can have the option of over 1.5, 2.5, 3.5 and over 4.5 and from this, it's is easy for that two teams to achieve over 1.5 goals but a greedy bettor will choose over 2.5 because the odd is high than over 1.5. This is why is said your strategy also contribute to how risky your bets will look and the outcome later.
362  Economy / Gambling discussion / Re: Mental rehabilitation clinic. on: January 19, 2024, 08:02:23 PM
Imagine that there is such a rehabilitation clinic for people who are addicted to gambling. Now imagine what they treat there without the use of pharmacology.

Is gambling that addicted that we have started to assume this kind of situation and solutions? I thoughy gambling addiction is not that deap except maybe in movies like I saw in "Squid game" a Korea movie that went viral, the movie was about gamblers that risk their lives for winning big amounts of jackpot but almost all of them died in the film because of their greediness.

The addicted gamblers I have seen have somethings in common such as been depressed and the ones that has loss huge amount of money will go any extra length to gamble with any money that comes their way. They see money for feeding as a way to gamble, they are also fund of borrowing money to gamble and all this can be solve by immediate person around them by changing their environment, the type of people they follow, the way they work and also their activities, if they have much time in their days occupied them and make sure they are busy especially if it involves money that must be going through account that must be put on watch so they don't make any snicky moves. The rehab is not necessary in my opinion.
363  Economy / Gambling discussion / Re: Gambling can be a hope restorer if we go about it wisely! on: January 19, 2024, 07:54:27 PM
Yes gambling wins can bring about a whole lot of joy and relief. Definitely when a gambler makes wins he would be very happy especially in cases where he never thought he would. Sometimes when gamblers stake they put little belief in the amount they may win especially when the odds of winning are thin.

This can only happen as luck and how often they occur is very rare and because of that I don't think this is a viable advice thing to do. Gambling is luck but for a person that doesn't have a source of money shouldn't come close to it because how and when do you even win will be hard and just because you see Mr. A was lucky to gamble some cent to win thousands in return doesn't mean you can have the same thing because even entropy time and randomness is different in gambling, the time also a factor to win as well talking from casino games perspective.

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This is not to say that gamblers should put too much hope when they stake as there are always chances of losses and sometimes even when These chances are low the gambler could still end up with a loss. One should try not to put too much hope on the wins and also endeavor to stake responsibly.

Hope is something gamblers should avoid, having it in mind expecting a potential profit is very bad but instead of that, you should be optimistic about the result. When you have profits, you should appreciate yourself and your strategy for making it and if you lose, you should inspired yourself to try again and again but this time, you should work on your strategy else you will only lose and lose with making any money and make sure to bet with the amount you can afford to lose to avoid regret later.
364  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: January 18, 2024, 08:10:28 PM
I believe Manchester City will treat Haaland very well, just like PSG treats Mbappe and it make Mbappe don't want to leave. However Real Madrid still have an another choice even they can't get either Haaland or Mbappe, it's Osimhen.

What do you mean by the word "treat"? As in been treated well financially or homely? If it's financially I will say Yes and it's nothing special, the relationship that bond Mbape and PSG is his talent to play and get paid in return, they like him and want to keep him because he is good and they have the resources to entice him to stay in their club but the fans and the club maltreated him when he doesn't want to stay, very toxic club while Haaland is treated homely and financially, you hardly hear of them fight between players and the managers or even the club.

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Napoli isn't a big team, they don't have a good amount of money if Osimhen insist to increase his salary. Napoli isn't a strong team too, they won in the last season, but they can't be consistent. While Real Madrid, they can pay high salary and they're one of strongest football team who tend to become champion.

When are you guys going to stop this Osimhen transfer discussion, he has just recently signed a new deal with Napoli that he is going to stay still 2026 which I think he is choice, he might see what we are not seeing but even me I don't like the fact that he still remain in that club but it's what it's, his choice and we can't take that but know him for one thing that he is smart, there will be option for a buy in that new contract so that he can live anytime if he is not satisfy again.
365  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: January 18, 2024, 08:01:02 PM
Arsenal shaky this season and they're no longer in the top four this season after they declined in their performance in matches. Arsenal headcoach, Mikel Arteta have numerous options to triggered in the transfer window. He has scouts for potential forwards in the team. Bukayo Saka, Gabriel Jesus, Gabriel Martinelli, Edward Keddar Nketiah and Leandro Trossard, these are the frontlines that are held for the solidable foundation of the club. They're important and if Mikel Arteta valued them, he would worked on developing them and not search outside for new strikers because I see nothing wrong with the current condition of the club.

The above players that you mentioned are the future of Arsenal but I think the manner he used them is controversial. Gabriel Jesus and Nketkiah contributions can never be denied but I think last season when Jesus went for Injury, Nketkiah prove himself as a good center forward for Arsenal, even this season has been incredible result as well because he has 6 goals for the season while Jesus has 7 but priority is always given for Jesus to start matches. For example, their last match against Newcastle, they started Havertz and then later replace it with Nketkiah in 88 minutes, isn't that a bad balling.

The second leg is going to be a motivation for Arsenal seriousness, I think there is going to be a big battle, the losses they have had over the weeks is enough to do well and better. If Arteta is able to bring new players as the match progress, it is going to bring a lot of PR and will help to win matches. I just hope even if we don't take the first place in Premier League this season, we should be able to finish among the top 4.
366  Economy / Gambling discussion / Re: GAMBLING DISORDER on: January 18, 2024, 07:15:12 PM
How can one control the uncontrollable urge to keep gambling despite the toll it takes on once life.

Are you serious about this or you are saying a literal meaning to what you are going through. If someone is consuming a food that is harmful to his body system and the doctor prescribed to him to stop eating that food but he choose to continue, then I believed he choose to die and you situation is the same right now. You know very well about your situation very well which you were able to detect your self but I'm surprised that you are still asking. If you value your life, Pease quit gambling and focus on other aspects of life, gambling is not the only thing to do because it's clear that you are gambling for financial reasons and not for fun.

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It's getting worse every day. I'm extremely depressed I have thoughts of unaliving myself more often, some times I feel the betting companies manipulate people spiritually to get them addicted where be playing without plans and strategy. Once a bet place get cut, there is this uncomfortable urge to quickly book another one with the plans of recovering the first money lost but it will end up cutting again.

I'm still surprised to what kind of addicted gambler you are but I understand your situation as well but where are you getting the money you are using for gambling? You seem like a person that knows what he is doing and I think you know the source of your depression. If you are losing money as you are gambling, please stop immediately, nobody is disturbing you spiritually to gambling, it's your consciousness that is that active and makes you enjoy gambling and when it doesn't work, the guilt set in. If you are winning, you wouldn't say that isn't.
367  Economy / Gambling discussion / Re: Know when to stop on: January 18, 2024, 06:45:01 PM
I realized one thing: no matter how you play, the house will win in the end.

This is not always the case. If you are a casino favorite person, then you have to worry about that but as a sport bettor, your outcome is an outdoor activities and it depend on what they do during and after that event like football is entirely dependent on the outcome, the house doesn't have a say about this one.

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I understand your feelings about being involved in gambling because I have experienced it. Therefore, I sincerely advise you to stop and find another job to do business or watch an entertaining movie to calm down. 
Don't regret what you've already lost. If you stop early, you'll lose less. The deeper you sink, the more you'll lose. "Gamblers" also regret that if they could turn back time, they would never, even once, get involved in gambling. They have lost too much because of gambling: their future, their youth, their health, their family's happiness, and their vast, valuable assets. I am also luckier than many people, knowing how to stop in time.

What I hate about gambling is that when people are gambling and they encounter losses, it is aways difficult for them to navigate out of the situation particularly the addicted type of gamblers. Anytime they have loss, is either they chase what they have loss or the try to gamble more to get more profits and it's always wrong. Think it's ideal of a gambler to stop gambling for that moment when he got a 3 loss in row.
The worst set of gamblers are the ones that love to bet on borrow funds, they are always ready to take risk that will always hurt them back and that's a bad practice to engage.

368  Economy / Gambling discussion / Re: Africa Football Discussion || Current Topic: AFCON 2023 on: January 18, 2024, 06:33:31 PM
Nepa have f*cked me up, and I totally forget the time this match was scheduled to be played, I should have fueled my generator on time so as to be able to watch this match, now, I've missed it and totally sad about it.

Anyways, I am following the scores online, and the first half just passed a couple of minutes ago, there are no goals yet, but I am happy that some of us here are praising our super eagles for their well play, and are also believing we have a chance at winning the games tonight, this is exactly what I was saying in the morning on this thread, I personally believe the super eagles will not disappoint us, this game will rather end in a draw instead if the super eagles don't win.

Edit: Nigeria 1 : 0 Ivory coast

The Nigeria Nepa has shown you their true color. Unlike those days when Nigeria use to have matches like this, the give national light on throughout that day to make everyone entertain and happy but they don't do that anymore or perhaps because the power holding company of Nigeria is now privatise but on a second thought, the privatization should have improve it because we are paying for the light, it should be available.

I think the Nigerian team are not doing well with this game despite now that the are leading with a goal, Nigeria team lack a play maker, the 5 and 11 are just useless and not doing what they are meant to do and there is no any form of connectivity between them. If not for that Penalty, we might not even go far in this game and what I fear most is what they are going to do after this group, that is if they even keep this match without conceding any goal from Ivory Coast.
369  Other / Beginners & Help / Re: Don't trust social media on: January 15, 2024, 12:41:24 PM
Beginners who are desperate to make money will fall for an offer like this , and if you go through the comments sections their are so many people who are so interested in this. Like if you go through the write up of this dude who claims to be bitcoin expert he said those that are finding it difficult to create a wallet he will help in creating the wallet and funding it. This is how many people will make mistakes to accept offer like this just because they want to earn quick.

Spending time to learn pays a lot and it prevent people from making painful mistakes. For those that have knowledge about wallet won't fall victim of allowing anyone to assist to create wallet. Spending time to learn is not a waste, it saves money from entering the wrong hands.

This is a normal culture on facebook and you know why? Its because Facebook love lies, sometimes when I see how some people love to watch pranks and comedy to think they are real cracks me up, these kind of stuff looks real to them more reasons why you see this type of posts saturated everywhere especially if you visit crypto groups and pages, it is full of spams and the facebook moderations don't take care of these posts.

I think only a person who has never heard of crypto will believe this typical scams and Binance tricks or any person that has not use an exchange before but to me, this is one of the most simple scam any literate person can sight from far because they too obviouis. Beside even if you want to help teach them about crypto, they don't want to listen but when they hear about free money making through crypto, they are quick to go after them and fall for the same scams they want to warn them about but wouldn't listen because of greed and illiteracy.
370  Alternate cryptocurrencies / Altcoin Discussion / Re: How you can build trust in the crypto community? on: January 15, 2024, 12:33:59 PM
Hi everyone.

I'm the creator of Cogitex, and I'm reaching out to you with questions to better understand what matters to people.

How can you build trust in the crypto community, and what do you think Cogitex can do to earn your trust?

I'm ready to hear from each and every one of you. Share your experiences and ideas. Do you think the development of Cogitex and cryptocurrencies in general can be improved?

You build trust when you make things crystal clear for the people and make it transparent as possible. Going through your whitepaper, it is nothing but just a two page summary about the project without proper indepth explanation. I'm not sure if you know the difference between a whitepaper and a litepaper, what you have on your website as whitepaper is not it, that is a litepaper with summary of your project, whitepaper tells people about your project and it build more trust on the project.

Code:
0x2b21Fa78668c69b08Ea9571297b51A5F48659043

This is your project smart contract, the last time it was used was 41 days ago, seems people didn't turnout on the token sale. If you did crowdfunding and softcap wasn't reach, you don't have to force the project to go live, you should have build and improve the product to gain more venture capitals attention to your project but the project was rush and now the few people that invested has left.

In addition, I can't find the team or anything related to the team behind the project. People around the project i nfluence the growth of the project. If today Vitalik tweet about your project, trust me it will gain some ROI pretty fast in 24 hours, that is how influence and trust are build by the team, I hope you work on these problems.
371  Alternate cryptocurrencies / Altcoin Discussion / Re: Are there any chances of success? on: January 14, 2024, 07:26:56 PM
Hi all!
Previously I created a topic about buying an apartment.
https://bitcointalk.org/index.php?topic=5462550.0
At the moment I have saved up about 18 thousand $, the profit is currently 35%.
Please give comments about the quality of the assets in the portfolio and the possible profits that can be expected.

Consistency has brought you this far and I'm happy you have been holding but I don't quite like how people ask for other opinions about there investment. There are some people that will hive a honest one and be ready to get some that will come from signature quota men that will say meaningless discussion and even confuse you even more. Since you asked for the opinion and advice, I will drop mine.

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BTC

Blackrock and Vanguard with many more institutions asked for Bitcoin ETF but seems the organization behind ETF approval doesn't like them and they don't want to be shame in court, so they decide to approve it and then stab them at the back and now they are all disappointed in SEC and even Vanguard for not wanting to support bitcoin ETF anymore.

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XRP
ADA
DOT
MATIC
XLM
BNB
ATOM
SOL
ETC
LTC

You see the rest of thees, you might not get exactly information about them but make sure you are taking profits on them when you had one because they can go up all they like and then shamelessly come down, you don't want to see your profits disappear after waiting for so many days only for not having profits again.
372  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoins are likely to go up when BTC goes down? on: January 14, 2024, 07:13:49 PM
A guy once told me, altcoins generally do what bitcoin does, but to a larger extent.

So BTC goes up 10% --> Alts go up 20%
BTC goes down 10% --> Alts go down 20%

This is true but as they said that experience is the best explanation, if you haven't experienced anyone before you might not know the true meaning of this because there is more to what he said to you.

There is Bitcoin season and there is altcoins season, Bitcoin market can pump for 2 weeks straight and it's possible that altcoins will remain stagnant and few will pump during that time, it's like that because everyone will be focus on the bitcoin market but as soon as the Bitcoin market is done, it will might do some corrections and then remain between some price but the fluctuations will not be that significant. This is when altcoins pickup and there moves is usually a fast and furious one, a coin can pump for 2 weeks straight and will not stop with 1000% and you will think it's stopping only for them to continue until market is stop by some news where it might do a heavy fall or correction for good coins, meme usually collapse after this kind of pumps.

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Is there any alternative to cashing out and paying enormous taxes? It makes no sense to swap 100k worth of BTC to an altcoin when we expect a BTC crash of 40%, when all other altcoins are likely to crash even harder.

I wish there was something that behaved conversely to the BTC price.

The market don't crash unless there is something that happened but because of the volatility nature of Bitcoin, they fall harder than bitcoin. When Bitcoin was having a small market and liquidity, it use to do what altcoins are doing today but with time it grow to become more stabilize due to the liquidity surrounding it. It's either you stick to Bitcoin, altcoins or hold stablecoins, it's as simple as that.
373  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 14, 2024, 06:58:42 PM
If you want to get rich, you have to become immune to the money.

What does it mean?

  • Do not desire your own money. It turns you from a producer to a consumer.
  • Do not desire the money of others. Envy is a deadly sin. Because it will distract you from your own mission.
  • Do not desire the money you will make in the future. Desire good work right now, You don't want cash in, you want to serve.

There is a different between Wealth and Rich my friend, these days anyone can be rich because of the modern age and improvemnet through civiliization, anyone can crawl into gambling today and gamble one or two things and then boom, he will just win millions. So easy these days to have a millionaire, even an ordinary person can be lucky to buy Bitcoin when the price was low and can become a millionaire without following all what you listed above, this is to tell you that road to richness doesn't have a manual, there are many ways to become rich.

However, it is not easy to maintain rich, this is where your lists are of help and very important for everyone that is already rich. It is easy today to even make this money but it is another struggle to keep it, some people are so lucky that they don't even ask to be rich but life is fair to them and they get rich so quick but if you don't maintain it, you not only suffer later, you might turn an object of ridicule to run from been nothing to something and then crawl down back to poverty which is going to be a shame.

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Only this way you will get rich from zero.
_The Grim
 
[Source]

How true is it? I want to ask the successful people here in this forum. What kind of rules or strategies that you guys use which led you to your success?

Success is a continue journey, I'm not sure how you view yours but the question ought to be people opinion on how to maintain success. I want you to know that people opinon varies and in the end, everyone will be saying the same thing. To maintain richness, make sure that you don't live any life above what you can't afford, you should also make sure to never run into a debt that will cripple you completely else you may not have a way to pay back and you will have to use your remaining money to pay any debt that you own especially if you run a business, be smart in every moves.
374  Economy / Economics / Re: Will the world soon become tired of the US dollar? on: January 14, 2024, 05:48:41 PM
Just like that, BRICS now controls almost 28% of a global economy that's worth  over $28.5 Trillion.
The economy keeps getting worse and the hike both as concerns interest rates and crypto transaction fees has increased and keeps doing so yearly.

What do you mean by crypto transactions fees has increased? Is that suppose to be a green flag for crypto adoption or what because the banks charges are the reason why we want crypto to replace the transactions of the banks but the fees are discouraging especially what has been happening aroung bitcoin mempool and the spamming of the network where it is difficult to do transactions. However, if you are trying to say that the crypto transactions has increased, then I will say that is true and it is because the investors has increased as more troop into crypto in every bullrun.

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Recently, we see countries like Saudi Arabia,  the UAE that has been making waves with several investments that may include multimillion dollar soccer stars signings, building the tallest building in the world, development of tourism and attractions that bewildered the mind. Also, Iran,  Egypt and Ethiopia has officially joined BRICS and although Argentina rejected the invitation, one question is this,

Are we seeing a time where BRICS currency and cryptocurrencies are the answer to a world tired of the us dollar?

https://watcher.guru/news/brics-welcome-2024-by-officially-adding-5-expansion-nations

I'm not sure if you have heard ECOWAS, it's a coalition of different countries across Africa with common goals but today, many of them has left because there is no benefits as some of them expected from the beginning and it has deviated from the vision of the body, don't be surprise if BRICS turn out to be the same thing. It is understandable that they are still new and they are making names because we have so many bad world economy situation but to me, I see this as noise and nothing serious. They might do some of their plans but save all this their noise, they don't have much to give to the world.

US dollar will remain a top tier, perhaps another currency will fight in the future but I don't think it is going anywhere soon. There are many memorandum that is still holding US relationship with many countries, any of them that tried to walk away will feel the pressure from them because US is smart for that matter, they only give you a deal that will only make you to beg them and stick to them for years and many decades.
375  Economy / Economics / Re: What would be your stance if Bitcoin price was individually negotiable as a P2P on: January 14, 2024, 05:24:02 PM
What if Bitcoin trading is individually negotiable based on the fact that it is a P2P transaction system, would there still be periods of time for regrets with the regrettable emotional saying "HAD I KNOW" due to your traded value after learning about Bitcoins suddenly value increments?

Bitcoin isn't a sort of assets where you can see some fracture that can make the price to be negotiable. It's not like gold where you could see some having some impurities. You will see some have rating of 99% purr gold and some having some metals combine with it and such aren't price well. If you have a kg of that, you can't sell at the rate with the one that is pure but bitcoin doesn't exhibit that characters, 1 bitcoin is equal 1 bitcoin.


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I thought about this because I have seen sceneros where conventional traders regrets why they didn't over charged their customers on certain stocks due to the stock price has increased or it has been a product of treasures (scarcity).

It is just funny and tussling to think about how Bitcoin holders would be arguing of their stocked Bitcoins that " I have an original and reliable Bitcoin that is more authentic than the others do, I would sell mine at $100K others wailing to sell at $89K, $50K $30K, $95K, $20K practically based on individual influences in the Bitcoin marketing industry just like the normal stock markets.

I don't know that stock you are talking about but even in trading, there is order book where traders set there trade and everyone set limit in accordance to what they wish to buy. Logically, I think we have that in trading because if you scroll round the order book or buy and sell, you will see that some traders has orders in around $5000 per bitcoin, it's funny as you said but try and look into it and you will be surprised that this orders exist in order book.

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I was just wondering if Bitcoin would still portray potential values of trusts and reputable goals of interest.

Value is in the mind and subjective but I think Bitcoin is rare and that is why it doesn't get priced like the way other assets can be price on. It's rare and something like it has never been done. IMO if not for the government hates toward this assets, the growth would have pass this level.
376  Economy / Trading Discussion / Re: Spot trading or future trading which trading is best for beginers? on: January 13, 2024, 07:58:46 PM
I don't think trading is best for a new crypto user so calling newbies here is stupid. Because new crypto users will leave the crypto market when they lose big money while trading. So beginners should practice well and push themselves to the latest level. You will get good results only when you have enough knowledge about crypto market.

You don't understand the context of newbies and you just jumped into conclusions that OP is stupid, even if he said what he said out of context, your statement doesn't justify it to attached stupid, you can just read what you want and move on.
On the aspect of newbie OP is saying, he is referring to a trader that has learn and understand trading basics and how to make use of technical analysis, with that experience you can make use of spot trading and futures even though futures is a little complex than spot but a beginner should only focus on spot and avoid greed.

When you master spot fully, you will learn how to navigate fully in futures because the market you are seeing is influenced and can be manipulated to suit makrte makers agenda and if you don't deal with spot trading enough, you will only be frustrated doing futures and you will only loss without making anything. In the end, you will quit and join the parks that has regarded crypto as scam and trading as not a place to make money. I think in life, everything is a gradual process, spot trading will open your eyes to many cheat code of the markey than futures.
377  Economy / Trading Discussion / Re: Does this Qualifies you to give non-professional or semi-professional financial on: January 13, 2024, 07:46:06 PM
My question is quite simple and straightforward. If you have been holding and investing in Bitcoin for the past 15 years you have experienced several bull and bear markets. You witnessed the Bitcoin halving events in 2012, 2016, and 2020, as well as the unfortunate incident of Mt. Gox declaring bankruptcy in 2014 after losing approximately 850,000 bitcoins in a hacking incident. And you were part of the debates within the Bitcoin community regarding the scaling of the network to accommodate a growing number of transactions. You also observed Bitcoin reaching an all-time high of nearly $20,000 in 2017 and the significant institutional adoption that occurred from 2020 to 2021, with companies like MicroStrategy, Tesla, and others . Also you saw El Salvador becoming the first country to officially adopt Bitcoin as legal tender in September 2021. With this wealth of experience among many others not mentioned do you think it qualifies you to provide non-professional or semi-professional financial advice regarding Bitcoin to individuals?

I have seen some people here accounts registeree on 2014, 2013, 2012 and when you see them interact about bitcoin discussion, you will be ashamed of them but then again, I don't blame them because not everyone has current affairs of bitcoin and always stays updated with the trend surrounding bitcoin. If you asked some people about the all time high of bitcoin in 2016, they will tell you and tell you exactly why we had a price reversal in that price. We have them that can tell you everything but I think because bitcoin is a speculative assets, your opinion might not satisfy who you are giving an advice or financial advise.

However, I hope you know that in crypto, you are not allowed to give a financial advice to anyone unless you are register as one. Giving a financial advice when you are not a satisfied person will only land you in jail and because bitcoin investment is always risky, people don't like to give bitcoin advice because it can escalate in the wrong direction and your client might not be happy about it, stay safe when you give people advice buddy.
378  Economy / Trading Discussion / Re: Maybe future trade is gambling on: January 13, 2024, 07:33:55 PM
Futures trading may only turn gambling if you actually trade without knowledge and experience. That way, regardless if it's spot or futures, everything will definitely end up with gambling. And once you trade with high leverage, without being good experiences in futures trading, you will only end up trading like gambling.

Hence, I don't suggest for everyone here who is starting to trade to engage in futures trading as it's highly risky and has a high danger of losing if you trade without sufficient skills and strategies.

With experience or without it, futures is gambling because there is liquidation and with that included, you risk losing everything. The way you don't have control over gambling result is the same way you don't have control over liquidation but you can manage it by either making more deposit or trading with cross margin so that you can have options to make more deposit incase you of liquidation but as a trader, do you intend to make more deposit into a cross margin when you want to make more money?

Trading on spot is like risking all you have in anticipation for growth but futures is something like you are betting with another trader that the price will come up or down while the other person is predicting that the price will come down or up. You guys are counter trading eachother and is who ever is correct among you too will be having a green PNL. I wouldn't advice any trader to do futures.

For professional traders, futures trading is a big opportunity to gain instant wealth but for beginners, it requires specific knowledge and skills first, hence beginners when they tend to do futures trade, they mostly end up gambling knowing they have less or no experiences in futures trading.

Trading with high leverage will add more risks but the rewards are also worth the trades that’s why a lot of traders suicide to do futures trading but still end up losing because they lack the skills and experiences to succeed.

The higher you risk, the high chance of you getting liquidated quickly. When I see traders doing 15x and 25x, I see it as a greed and nothing more. It's will give you a profit of 15-25x quickly because of traders with less capital but any sharp decline will take that small capital from you before you even blink an eye, even I'm to trade sophisticated trades other than spot, it's will be margin with 3x maximum, it wouldn't exceed that range.
379  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: January 13, 2024, 07:21:23 PM
Chelsea's match against Fulham was quite fierce in the first half and Chelsea managed to take a 1 goal lead through the penalty point at the end of the first half.
Overall, Chelsea's performance is still not improving, especially Chelsea's front line which is not optimal in completing opportunities, but on the other hand, Fulham's performance is also quite bad in this match so Chelsea's chances of maintaining their lead or even adding goals in the second half are still quite large.
This should be a victory for Chelsea and they must win 3 points in order to continue to improve their position in the Premier League standings.

It was the aggressiveness for me. They are the home that invited Fulham but they are the ones with the most earned Yellow card in that match with 5:1 ratio against Fulham. If they not for that Penalty, they wouldn't have had anything to hedge upon but that lead goal in the early second half was what they used as thick wall to suspenf all attacks on Fulham and hence why they got more red of yellow card in the second half. I guess Pochettino has to be be careful in managing his players and the ones to start in the next match to avoid missing next round of matches.

With this little development from Chelsea, after many weeks of staying in one place, they really had to love from the table finally to stay ahead of Manchester United. This is a called for celebration for Chelsea fans but cry for Erik Ten Hag men because I don't know the kind fumes and insult that will be coming from their mouth tomorrow but if they manage to win Tottenham, then the damage can be fix easily.
380  Economy / Gambling discussion / Re: Will you be worried or comfortable seeing your elderly mother gambling? on: January 13, 2024, 01:27:19 PM
Anyone is free to gamble, that is their own decision and not mine, if I can't help them in any way or means to make her life better then I must be very careful of not being a hindrance to what makes her happy, there are some people who have completely find gambling as a means of joy to them, they gamble to get rid of dulling moments of their life, try to avoid being worried about life and get more excitements in gambling than focusing on life huddles and cuddles, but I'd she's not gambling the way it is expected, I may be forced to step in advising her.

There is no laws that state no woman is allow to gamble their but can't call this a fun, the woman was just sitted waiting for her games to come as she might has predicted. Wouldn't it be better if she do it in the comfort of her own house, even if she is not a digital type of person, I think there are ways for people to gamble on their fun that are not too complex and some can be done in areas or maybe ask someone to do the picking for you nicely.

Look how comfortable the woman is sitting, I'm sure that if you look around the enviroment you will count more than 20 men before you count 1 lady, will you allow your mum to sit in this kind of place if we are to be honest with each other. There is nothing fun about this, you can tell that she was there for making money, because I don't know how an elderly person will come to this place and call it some fun. I have seen male elderly people gamble but the female is rare that is why I'm surprise seeing her in a gambling house that is not a casino house but a sport betting center.

It seems to me that people of different ages, social status, religion, etc. are interested in gambling. I would not be surprised at all if I met an elderly woman in a betting shop. Not only does she have the same gambling rights as many other people.... which means it's not unheard of. It could well be that she was betting at the request of a friend or family member and was upset because now she has to bring someone some bad news.

I'm not bother about her appearance about the gambling but the I see young guys deals with gambling addictions, it will be devasting and hurt if you see a mum struggle to deal with gambling addiction. For the religion, I'm not sure for other religions but generally muslims with true faith is not suppose to bet, this is why you don't see them bet openly and there ladies are not allow to bet. They can't come to a public place like this not to talk more of gambling.
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