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October 12, 2024, 06:47:54 PM *
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1  Economy / Speculation / Re: Road to 100k? on: Today at 05:56:46 PM
(...)
It would be a long shot for bitcoin to shoot straight up to $2 million, yet it also is not beyond the realm of possibilties.

Shooting up to $2 million woudl be right around a 32x from here.
(...)

This is a good example of how some metrics are not fit for all purposes. The multipliers, or percentage figures of changes in price in the past are not in any way an indicator of what could happen in the future.
In simple terms:
Increasing your net worth from $1 to $100 is not hard, even a homeless junkie could do that without much effort. But going from $1 billion to $100 billion, or even just to $2 billion, is a whole different story.
I disagree with you that it is easy to move from $1 to $100 but its a different story for $1m to $100m. If it took bitcoin just 3 years to increase from less than a dollar to hit $1+, and approximately 2years to also hit $100+ doesn't make bitcoin so easy as you thought or any other business to be easy. Because surely there are alot of business out there which have been staggering between $1 to $100 for long and yet nothing. They can't just move from $1 to $100 so easily if luck is not on your side. I believe that if  $1 can easily give you $100,  that $1m can also give you $100m easily. Because if for example $1 can increase by 2x to give you $2, $1m by 2x will give you $2m.  just like someone who is gambling $1 for a100odd multiplier and a person who stake $1m for a 100odd multiplier will give you thesame thing but different figures of $100 and $100m respectively. so there is no difference.

In setting up hopes for  BTC's price, we need to consider how much new money would have to flow to the market rather than focusing on past ratios.
focusing on past records of bitcoin is important because it makes people to understand the importance in bitcoin investment. Most people need conviction to believe in bitcoin and invest in it. The past ratio of bitcoin tremendous move has made many people invest in bitcoin because people always look for proof before entering or venturing into a business. If neglect the past ratio of bitcoin i guess many of us wouldn't have believed so much on bitcoin as we do today.
2  Economy / Gambling discussion / Re: The trap of high volatility on: October 11, 2024, 03:40:21 PM
High volatility broadly signifies risk. High-volatile games offer big wins, but they'll barely arrive. The player will lose out a lot before he wins. The only good thing why most people choose highly volatile games is for large rewards. Players with problem gambling should try low-volatile games instead. Losing too many times for one huge win isn't preferable. Low-volatile games offer more wins but in small dimensions.

I agree with you though, but I also suggest that a player can try the both, that is the highly volatile and low volatile games to be on a safer side. Maybe using huge fund to bet or gamble on low volatile game  and use low fund to bet on high volatile game. Which means in whichever way one must secure a win. Although it is not guaranteed since gambling is all about luck but I am just sudjesting that it may be a way of increasing ones chances of winning in either way.

Well, trying both might also give a gambler a bad idea. If he gets lucky in his first 100 spins in a high-volatile slot game and then loses more on a low-volatile game, then he might think that high-volatile slots are better to play than the other which I think is a bad idea.
There are instances where that could happen and it might give a gambler a different impression about the difference between the two. I think those who have deeper wallets can try the high volatile because the payout could definitely be large but the losing streak will be a stressful feat which is why we need a big amount of money to play that. Those who just have enough money might just be frustrated when they play that one. In the end, it will all depend on how much we can afford to lose.

Your idea is also good compeard to my own, because if a person keeps betting on both side which are the high and low volatile game, and was not able to win in each side of the game, the person may feel discouraged and will run out of bankroll so fast except it's a slot game where there is more spin and less staking or betting amount. But if we only focus on on slot game then what happens to football casino games? Does it mean it will be disregarded since we are focusing on slot game? But I think it all depends on the person in question, if such person has enough bankroll then he or she can use any method wether the single type or combination type being the high and low volatile.
3  Economy / Gambling discussion / Re: A good gambler should learn to visit replays, highlights and histories on: October 11, 2024, 02:38:51 AM

How important is it for a good gambler mostly on sports betting, to learn to always watch replays and highlights of the general matches played previously, inorder to best know how to make a proper guess/prediction on the best team to win?

 Same applies for casino Gamblers, how important is it for a potential winning gambler to learn to analyze previous games and history of results to best position and strategize oneself to win bountifully?
I agree with you that studying previous highlights will be good to upgrade our prediction skills, but the truth of the matter is that it will increase your chance by slightly above %5 and doesn't change that much. Meaning that you may still learn all the strategy and still lose because gambling is all about luck. I have seen countless people who study previous matches and full analysis with the hope and confidence to hit the jackpot by the level of their understanding about football, but where later disappointed.
4  Economy / Gambling discussion / Re: The trap of high volatility on: October 11, 2024, 02:17:53 AM
High volatility broadly signifies risk. High-volatile games offer big wins, but they'll barely arrive. The player will lose out a lot before he wins. The only good thing why most people choose highly volatile games is for large rewards. Players with problem gambling should try low-volatile games instead. Losing too many times for one huge win isn't preferable. Low-volatile games offer more wins but in small dimensions.

I agree with you though, but I also suggest that a player can try the both, that is the highly volatile and low volatile games to be on a safer side. Maybe using huge fund to bet or gamble on low volatile game  and use low fund to bet on high volatile game. Which means in whichever way one must secure a win. Although it is not guaranteed since gambling is all about luck but I am just sudjesting that it may be a way of increasing ones chances of winning in either way.
5  Economy / Gambling discussion / Re: What's the difference between those gambling for fun and for profit. on: October 11, 2024, 01:59:38 AM
In some unrelated topics on this board, some persons here have talked about those that gamble for fun and those that gamble for profits alone, while some persons are of the opinion that there's nothing like gambling for fun alone, that everyone is gambling for profite.

So, I want us to elaborate the discuss here as a topic of its own. What's the difference between players that gamble for fun and players that gamble for profit alone? Do you also disagree that no player is gambling for fun? Drop your opinions.
In regards to this question in the previous thread, I was made to understand that a bet placed on a personal club or some fan club/team is likely to be called fun. while bet place on different types of matches are for profit. And I agree with it to be true. You know most people like only betting on their club in each leg. This shows the love they have for their club and can bet on that club to be sure they must win. And even if such club doesn't win such person doesn't care because it was for fun. But any body that bet on an accumulated games of different kind of risk is surely risking or gambling for profit.
6  Economy / Gambling discussion / Re: If your son who is over 18 asks you how to bet on soccer, would you help him? on: October 10, 2024, 06:07:35 PM
There is nothing wrong in telling your 18years old son what gambling or bet is all about. Sometimes we are afraid of teaching our children what is necessary for them not to know and they somehow later know it behind our back and even do worst. So I sudjest that If my 18years old son ask me what gambling is, I will gladly let him know as to educate him on the good and bad side of it. Sothat he will be informed about the risk involved so as to be careful and totally stay away from it. And Morover prevention is better than cure. I even doubt that an 18 years old child will not know about gambling because the rate at which young boys nowadays knows about gambling is alarming. And the funny part of it is that they start from a tender age so 18 years is even a pro.
7  Economy / Economics / Re: Adapting to the world's changing Economy on: October 10, 2024, 12:00:51 PM
we where told that man has undergone so many stages of evolution before getting to where we are as homosapiens.
Those are fake story and I don't believe in such. The only  constant thing in life is change, so man only change and adapt to different environment and climate conditions they find themselves but evolving from ape to homosapien is a lie.

the world as time passes which is know ln a s
 It's also like that with the world that we find our self as the world has undergone different stages from the time's of the stone age to that of slave trade, and to that of the industrial age where artificial intelligence has taken over every sector of the world Economies.
There's need for developing Economies like those of Africa to adapt and embrace this economic evolution that is going on currently as any country currently holding on to the orthodox way of doing things has been left behind.
Most African countries are lacking behind the new technology advancement due to bad leadership . Most citizens of African countries are creative and innovative, but lacks quality leader to support their career or bring there discovery or innovation into reality. this has become a big challenge. I bet that if African leaders can let go off political and religious sentiments/crises, bribery and curruption, then they will do better. Africa has countless mineral resources which can be explored, refined and exported and this will creat Productivity than consumption.

Infact I have come to the realization that there are currently countries who are living in the future and there are also countries who are also living behind time because they have failed to embrace change and move on with the ever changing world.
To every succeeding country there is surely a good leadership and good governance and corporation. Without that there will be no growth. The meaning of my explanation is "together we stand, divided we fall" the unity of China is the reason behind there success.

8  Economy / Economics / Re: Importance of understanding the business of every craft. on: October 10, 2024, 07:10:35 AM
Absolutely well said, I believe the summary of your whole explanation can be described in a single word "Genius". being exceptionally excellent in what you do, is the Level of communication you pass across beyound the vocal words. Sometimes people don't get what they desire due to lack of mental skill upgrade or being dominant in knowledge. Sometimes it is good we check our actions or activities and what makes us to be stagnant or dumant. And then we Become creative, innovative and add quality instead of quantity.

Although people are of thesame type according to how they are created by God. our grace differs. There are some people that has that grace in them which whatever they do usually prospers even without forcing it, it's just like an inborn or inbuilt kind of thing which doesn't need them to study but when they do it, it is always effortless, seamlessly and tiredlesly. Just like some people in this forum started together but the level of quality post they have made here has made them surge higher than their fellow that registered thesame time because of the speed of learning and contribution to the forum compeard to their fellow. So I believe in the notion that "grace" is one factor that should be considered as a propelling force of most success. Just like Satoshi Nakamoto created bitcoin which not everyone could do it no matter how long they try to study it till they are no more.
9  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 10, 2024, 04:13:32 AM
What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.
I am not opposed to the idea of being as aggressive as we are able to be, including in the beginning and perhaps even engaging in a reasonable amount of leveraging... but we still have limitations in regards to how much disposable income that we have at any given time, and we cannot presume our future earnings into the present..
yeah I understand your point or perspective on how it can be difficult to invest agresively without considering our level of disposable income  and we can not also predict our future from the beginning, but firstly before we can invest agresively we should have known the level of our disposable income. my explanation was directing towards a person with a reasonable cashflow and or disposable income that will be capable of investing agresively without being affected in anyways. in the aspect of predicting the future from the present surely to me it really matters as a good investor, you must be able to fosee the future. you know there is a saying that wise people know the end from the beginning. so it's good/important to plan ahead of time. that makes a person to achieve greater things. though it may not really happen accurately as planned due to unforeseen circumstances, but let it be that a positive idea is initiated, as good plans Produces good results.
10  Other / Off-topic / Re: Father sold his 11 month old baby to fund his gambling addiction on: October 09, 2024, 05:00:31 PM
I just read the shocking news now on social media and I'm wondering the extreme that people will go to fund their gambling addiction. According to the news, it said that the Indonesian father confessed to selling his baby with the intention to pay his dept but instead ended up gambling with the money. This shows that gambling addiction is a very serious problem, something that can make somebody to get money by all means to fund their crave for gambling.
This is the height of it. I know gambling addiction makes people do some crazy things to satisfy their urge, but this is the worst case I've seen concerning gambling addiction. I believe his chronicity is beyound the ordinary. This is madness of gambling addiction. I don't see what will make someone to sell his child to settle his dept and still use the fund to gamble. Well it's not a new thing I guess people use their children for money ritual. so selling a child is even the least of it, but it is not encouraging.

The story also said that the man advertised the sale of his child on Facebook and I'm wondering if Facebook is aware this. If this story is true that means that people advertise child trafficking through Facebook in Indonesia. This should be seriously discouraged.
I don't think people advertise Child trafficking on Facebook in Indonesia. maybe people thought it was a joke or prank when he first posted it on Facebook until it becomes a reality. Because this days people practice a reckless attitude called "prank" on social media and when the case becomes reality people can't spot the difference between prank and reality anymore. Sometimes it is good when people see something going wrong it should be cautioned immediately so that if the person is even nursing the idea it will die in them.

11  Economy / Gambling discussion / Re: Crazy Hurricane Milton and Helene Bets on: October 09, 2024, 03:38:16 PM

In another category, there is a bet for man named Lieutenant Dan online says He plans to ride out category 5 Hurricane Milton in Tampa Bay. People are actually replacing wagers on whether he’ll live or die Source
Hurricane Milton is a serious dreaded and deadly natural disaster that is capable of destroying human lives which is not ideal to wager on. I believe the man in question is insane for gambling with his life and yet people are encouraging him all because of making profit from their bet without considering human life. I think the government should stop him from embarking on such journey because Riding on a hurricane Milton category five is really a dead sentence.  This are things we watch on movie and not something to bring to reality otherwise people will involve in more dangerous activities all in the name of gambling. There should be limitations to what is considered gambling.
12  Economy / Speculation / Re: Road to 100k? on: October 09, 2024, 04:44:28 AM
Even if someone tells me today that bitcoin will get to $2m before the end of next year, I will believe it.
Even though we don't doubt that bitcoin will increase in due time, we should also be more realistic to know that bitcoin can not just grow to $2m dollar In the space of 1 year. That would be a massive push of %millions. even as though it was just a speculation but it may not possible anytime soon.

Let's always remember that there will forever be 21 million or less bitcoin in circulation!!
That is the more reason why bitcoin still remain the best because it is limited in supply and will still remain scares as people lost more or as demand keep rising so do it also increase. Just like Satoshi Nakamoto once said Lost coins only make everyone else's coins worth slightly more.  Think of it as a donation to everyone.


13  Economy / Speculation / Re: Buy the DIP, and HODL! on: October 09, 2024, 04:07:30 AM
Investing $50k into bitcoin over 8 years should totally be within reach of some one who currently might be able to invest around $71 per week with perhaps some anticipation that over the coming 8 years his disposable income will increase and he would be able to invest 10% more into bitcoin each year.   It would look something like this.



Of course over an 8 year period of time, a person could have a regular DCA amount, but also there might be times in which cashflow is better and/or times when cashflow is worse.
Surely the times when the cashflow are better, I think there is need to accumulate aggressively in regards to increase ones portfolio. because having an 8year plan of $50k investment required facilitating the accumulation process  since bitcoin is volatile, because if a person was not able to increase his accumulation in the 8years intervals, he might end up buying lesser amount of bitcoin. so sometimes the fuck you status could be arranged in somewhat a way that when there is an increase in cashflow, the DCA should be increased to buy more during its early stage when it's less than increasing the weekly DCA when the price of bitcoin is high. It is important to leverage on bitcoin during its early stage because 8 year ls certainly a long time for BTC to make huge changes.

What am trying to say in essence is that if there is an increase in cash flow maybe during the beginning of the fuck you status like the 2024 of $71 DCA. Surely the table maybe an inverse of maybe $152.19 DCA per week in the early days , which means the bigger investment in a weekly. And if the cashflow is has less then we can begin to invest in a way that it will balance with our current status of discretion.


14  Other / Beginners & Help / Re: How to permanently delete my Bitcointalk account? on: October 08, 2024, 09:38:02 PM
I was using this account for a long time for bounty hunting but now due to some mistake and misunderstanding on my part, a red mark has come on my account. Like now Reason of low market,  I am not getting any benefit even in bounty hunting. So I just want to close my account forever. And I want to stop all this. I don't have much knowledge about this. Will someone help me. How do I close the account permanently. ??
There's nothing you can do about it. The only way out is by registering a new account, if you want to continue with your bounty hunting. If an account has been red tagged and you don't want to use it, you can just start up a new one and abandoned the old one that is just the solution.
15  Economy / Economics / Re: Do you compare prices or bargain before making purchases? on: October 08, 2024, 09:11:06 PM
Do you bargain or compare prices of thesame products/services at different shops/places before making purchases or you don't care at all?
It depends on financial capacity or human mentality. When a man has money in his wallet, he doesn't walk around the market to check the most cheapest place to buy his goods. While the other way round a poor person does vise versa. Meaning they literarily price everything to see the cheapest before buying. Then the human mentality I mean is that there are men who has pass through life hardship and later became rich, they hardly buy things peaceful without thinking that they are alway been chaeted. That's why they behave so.

What do you think could be the main reason people care or don't care about prices of products/services while making purchases?
Most people know the worth of what they are pricing without being told, that is why they don't bother to know how much it cost. But Most people also don't know the value of  what they intend buying, so they end up pricing everything.

You think it's due to economic status, are there other reasons you can think of?
Like I said earlier poverty mindset causes it too.

16  Economy / Gambling discussion / Re: How to be discipline in managing your bankroll? on: October 08, 2024, 08:50:01 PM
I believe the 40:30:30 rule. I use 40% of the monthly expenses for daily needs/paying bills. I save 30% of the monthly income. Later funds are used from here if any emergency occurs. The last 30% I invest in various fields. Now some certain percentage from this 30% is used to spend on gambling. I don’t do frequent gambling. I only place bets on the matches where my favorite team or player plays. If I lose, then I wait for the next month to deposit again and recover the lost money.
Your strategy is a nice one, but am supprised on how you can cope up without gambling after you have lost your  expected bankroll which should have been used till month end in a short period of time. Because I know many people usually set aside some amount of money for gambling, to use it gradually till the end of the month. But with this your strategy don't you think you might end your bankroll so suddenly? and might be tempted to touch your savings or any other important money? For me it is good you split your gambling fund across the week, in other not to use all your bankroll at once.
17  Local / Nigeria (Naija) / Re: How honeypot scam works and how to detect it. on: October 08, 2024, 03:40:42 PM
Most of you have probably been in crypto for a long time, but you still fall for the honey pot scam. It is very difficult to detect,
It may be difficult for most people to detect but for me I don see shegeh for crypto so I don't even need app to know if it's a scam project or not. Not that the app you bring is not helpful, I love it and will recommend as many people as possible to use the link you have provided to avoid the risk of Honey pot. This thread is very useful expecially for both newbies and old members.

How I know if I project is a scam is that

1) if the market cap is low and the price keep rising for some days without falling I know it's a honey pot.

2)if the total number in circulation is very high like trillions of coins and yet it has a significant or reasonable price, it's obviously a scam.

The truth is that honeypot is easy to detect. Just like you said it is easy to buy buy not possible to sell, that just it. If if it's Dex wallet you will increase your slippage tolerance to the highest yet not possible to swap, or they will display something like low liquidity pool. That is to tell you that immediately you buy such coin, you have Given them liquidity and have accepted rug pull without your knowing so Invariably you own nothing than chaff. But I don't think if honey pot are much In CeX. The few I have encountered, after buying i saw that it was drastically dropping, so i wanted to sell but it wouldn't sell until it fell below the amount I can't sell that is less than $5.


Terms HoneyPot and how it works

The term "Honey Pot" simply refers to dipping your hands into a very sweet pot full of honey until you have all of the honey on your finger and are unable to remove it from the pot. (coins) and watch your coins exceed 3000X ROI but are unable to sell. Basically, the scammer enters something into the contract code that only allows him or a few whitelisted addresses to withdraw. They launch this coin, and it only goes up, and people rush in to buy, believing they have discovered a true gem. These scammers sometimes allow the coin to pump for a few days to allow more buy-in, and when you finally think you have made enough, you discover that you can not sell or withdraw; you are stuck in for good. Only scammers and whitelisted addresses have the ability to withdraw.
That is a perfect explanation of how honey pot works. In adding to your explanation, honey pot 🍯 be like trap/cage wey dem set for bush meat with some kind of things wey dem put am to attract am, imidiately the bush meat enter inside the cage go chop wetting dey inside, the cage don lock 🔒 emself till the owner of the trap go come catch am.
18  Economy / Gambling discussion / Re: Would you cashout or wait for the game to conclude? on: October 07, 2024, 05:43:43 PM
now if you were the bettor and was given a cashout of 12.4m out of 36m to be won would you rather be patient for the last game to conclude or you'll go with the cashout?
If I was the bettor I will gladly accept the 12.4m in peace, because I risked 1million on 17 gams and 15 managed to play remaining 2. So I don see enough reason why I would not cashout. Because If peradventure the game happen to cut, I may become emotionally traumatized and felt so stupid and foolish for not have taken the golden opportunity. Most people usually play $1000 on 2odd to secure a win. so I don't see the reason I would stake and had the opportunity to cashout $7500 and become a hard nut to crack. If anyone surely ignores it and I happens to cut I don't know what I will classify the person to be.
19  Economy / Gambling discussion / Re: How to be discipline in managing your bankroll? on: October 07, 2024, 05:07:50 PM
Although your strategy of using %1 out of 5 may be good but yet may still not be enough for some people. But I guess your idea is a good strategy. But I think if a person earns $2000 a month and decide to use $200 for gambling as you have explained, I think the best strategy to use is to spread the $200 across 4 weeks of the month. For instance, the $200 should be divided into 4 equal parts which is $200/4= $50 each week. Then from hence $50 will be used in each week to be able to mitigate the use of $200 effectively without overspending all the $200 in a week, while you have 3 outstanding week. Because if this %1 =$200 is not properly used across the month it will definitely affect your savings when you are out of gambling bankroll.
20  Economy / Economics / Re: It's great that AI is taking over jobs, I'm just afraid that... on: October 07, 2024, 04:31:25 PM
It's great that AI is taking over jobs, I'm just afraid that...
Ai has solve most problem humanly and not humanly possible. It has also created laziness among people around the world. It has also increased the level of scam in the globe and made most people lose their job and also made some gain job. It has made many people independent and help in mental development and facilitate the efficiency of labour. So in summary,  anything that has advantage also has disadvantage so Ai is good and bad but I believe the good part of it must surely be utilised and will overshadow the bad side of it. Though people are afraid of AI but I believe AI is useful but human must apply caution while making use of IT.
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