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1  Economy / Gambling discussion / Re: A personal view on: May 20, 2024, 11:30:41 PM
Absolutely, this is an important rule for all bettors to remember. Diversification is essential in any investment or financial decision, but it is particularly vital in gambling. Putting all of your money on one event is not only hazardous, but also leaves little opportunity for mistake. Spreading your bets across multiple events allows you to reduce your losses while still having the opportunity to reap the benefits.

One must learn to manage their bank role while gambling, that's what contribute to a responsible gambling habits. Anyone that makes drastic while gambling can experience more significant loses because they stake too much on one game that has a 50/50 chance to be a win or lose. Some gambler don't know how to manage their bankroll or they just gamble with their emotions.

Your right about this it's good to set a limit to everything so you don't overdo it and in such addictive habits like gambling we should even set extra rules and try to be more careful about how much we allocate to doing so, so we don't end up wreking our finances or becoming notorious with gambling.

Some ways to achieve this is by seting rules to how much we give, how much time we spend and even how much we engage in such discussions with notorious gamblers so we don't end up breaking our set rules.
2  Economy / Gambling discussion / Re: What is the biggest bet you ever won? Did you withdraw or lose it? on: May 20, 2024, 11:29:32 PM
I like the fact that you are accepting good responsibility for your actions, but your quite stubborn considering all the advice you were given not to take that bet, anyway my biggest bet was 50k on 10 odds, it was money I got from my sis wedding, in my country they usually throw money on the bride and I was also around that area, so I just picked a whole lot of money for myself  Grin, and I used it to gamble on 10 odds, my first time to take such risk and It played well out for me, I used it to get my first phone and my mini studio, that all never used such amount ever since then.
3  Economy / Gambling discussion / Re: Do you think gambling every day is better? on: May 20, 2024, 11:28:43 PM
That's left for a person to decide, anything done daily can easily become a habit and you won't know until I has so engraved itself into your heart that you would always want to do it irrespective of any condition, why I hate gambling daily is cause not everyday has the games I like playing so why stress myself trying to win in unfamiliar territory and leagues I know nothing off, so it's better I gamble only when I see the matches I believe would play off for me and that's what works for me, although I have friends that gamble more often than me and they are still winning but it's not advisable cause you could end up wreaking yourself real quick if you don't have enough self control and discipline.
4  Economy / Gambling discussion / Re: Sports betting for reality not club affection on: May 20, 2024, 11:28:02 PM
Most times we are caught in between placing our bets on our favourite teams to win and not there present form, this action according to analysis shows that it's one of the reasons some persons don't win a sport bet, no matter how hard they try, a team that's not in form or getting the results shouldn't be on your sports betting slip, because they might continue the poor run of form and hurt your ticket, a friend once adviced me never to put my favourite team on my ticket, unless they are in form, am a Manchester United fan but most times I bet against them as long as my ticket is concerned I don't have a favourite team.

Yeah but betting could also be a fanfare activity, I can recall a time when I actually placed a bet in Chelsea to win cause I just hated the other team, it was a single game and I won, forget about the winning tho, Im just trying to reflect that we could also bet in support of our team, I know people that do it, you have a point tho but at same time I feel betting is a game of luck and no matter how you try to just predict strictly you might also fail, I lost a bet today with two games cut, I was an 11 odds and tho the teams that cut me was the once I had a feeling would but based on their form and league positions i left them, so the truth is you don't know what to expect from the start untill you have gotten there.
5  Economy / Gambling discussion / Re: Double your money and quite on: May 20, 2024, 11:26:17 PM
Hi everyone,

The way you play, which we can consider your playing strategy, plays an important role in determining your profit or loss, like other factors.

For me, when I play, I enter with the intention of double the amount of money and stop. This method may be followed by some people, and I do it sometimes. I determine the amount of money that I will gamble with, for example $100 and I try to get $200 and leave the casino or site if the plan worked  very well. If I am unlucky, once I lose $100, I will leave without adding a penny. What is interesting here is that even if I win, I stop and do not deviate from the scope of the plan. In such situations, especially when winning, the gambler may become greedy, and this may change the course of the game   .

What do you think of this method?
Is there anyone among you who does it?
Give us one of your winning strategies, of course if that is possible.

Hey you made a mistake with your topic, you should fix that to quit not quite, anyway I believe everyone has what works for them, while your plan maybe to double your money some others may just play some games with higher odds to win more, not everyone has the self control to just get in and out and even after losing would not out of panic want to play again and yeah at times some win their second game and third and it turns out that only the first was a loss, so I think everyone must figure out or has already figured out 2hat works best for them.
6  Economy / Gambling discussion / Re: Does destiny has influence in the amount we can win in gamble? on: May 20, 2024, 11:24:55 PM
I think you must be referring to luck herr cause I hardly believe in such thigns like destiny, what guarantees the amount you win is the odds you chose and the amount you risk, if you are scared you would only risk less but if you are confident you might be okay with risking more, I know gambling is an uncertain stuff but I think if you can guess right you win, so it isn't like destiny but luck rather.
7  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: May 20, 2024, 11:21:29 PM
Hi everyone,

Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push    anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .

Is this true gambling is not place to make money is place to lose it?

Gambling is not just a place to loss but also a place to win money. We can't use one part to justify or judge the whole, because someone is winning doesn't mean gambling is a place to make money or maybe someone is losing doesn't mean it's a place to loss money just like I said earlier loss and win is Paramount in gambling. The reason why those companies is working is because of the percentage of loser, if the percentage of loser is not higher than the percentage of winners that company will fold so for those companies to be active the percentage of loser has to be a bit higher.

That's the point I was trying to make that gambling could also be a good source of income to many persons, I know people that live off gambling and get some extra money from it, but yeah the public opinion of gamblers is that they are going to lose their money and that is because of the greed factor that affects most gambler or an uncontrolled gambling habit.
8  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 20, 2024, 08:36:56 PM
If we lose in gambling, what do we need to do? the best answer for this question is face it you lose and you cant turn back time so what you gonna do. Face it is the best option at this point and you might regret it but time is marches on frennnn.

and other thing you can do is : Assess Your Situation: Take a step back and honestly assess your gambling behavior and its impact on your life, Set Limits in the next round, and lastly Take a Break: Consider taking a break from gambling to give yourself time to reflect and regain control.
Of course, when we experience defeat at gambling, we must be able to accept it and also be able to take responsibility for what we do. Don't blame anyone for the loss we experience for whatever reason, it is very stupid if gamblers who experience defeat continue to blame other people for their defeat. they got it.

I agree with you, of course we must be able to analyze the gambling we do whether we make mistakes or we must first reduce the gambling activities we do and do things that can make us forget about the defeats we experience. After that we can go back to trying to gamble. and keep doing it in a controlled manner so as not to experience continuous defeat again.

I know right I mean if you blaming someone you need to blame yourself not other because you do it yourself. and I quite agree with you blaming other is stupid hahha.

Set a budget and forget the past
Passing blames is a sign that you don't want to accept responsibility of your loses or you just need an excuse to co sole yourself, what is right is to take responsibility cause no one forced you to make such decisions, everyone needs to learn how to control themselves from gambling too much and set boundaries on how much they would spend every week, I even think that most people that lose in gambling are those that can't handle the emotion if losing and tend to want to chase loses or get their money back and in the process loss even more.
9  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 20, 2024, 11:37:27 AM

Well, if you think that buying at a dip is trading, then I suggest you get involved properly in trading for a while and come back to investment after, so that you can be able to differentiate between trading and investment by buying Bitcoin during the dip or making use of DCA strategies.
Well I don't know the quite you're replying  too but let me recap my statement for better understanding...
Buying the dip is not related to trading at all because  there could be other dip in markets under trading  and normally a trader is meant to sell to make profit when there're dip in markets...
However, coming to the world of BTC  buying the DIP is a good strategy   for buying more BTC with lesser funds although this same strategy could be used by traders too  since btc has always been in an uptrend  buying a dip with strong capital could be a choice but most trader wouldn't want to risk that...
What I'm  I trying  to prove Huh

Buying the dip would always be a good strategy with regards to bitcoin, but it better works as a backup strategy since it only involves buying at one market trend, since we have already said that using DCA is better since it involves ongoing consistent buying of bitcoin weekly or monthly or which ever way that the user chooses to, i think the misunderstanding here is with the usage of the buying on the dip, preferably like I said before, buying the dip is good cause it can help to accumulate bitcoin at lower prices but one of its flaws when used independently is you would always have to wait for dips and at times we could end up having indecision with regards to when is the dip or how to identify the dip and this could lead to underaccumulating of bitcoin making it a good strategy as a backup, buying on dip isn't trading unless a person decides to use it for short term accumulation to get profits of market waves.

For me I see buying only when the market is DIP as trading.
This statement is wrong IMO .... but the strategy is not a suitable strategy for beginners when we  emphasize  on the word ONLY.


Your right buying on dips isn't the best strategy for beginners considering that fact that it doesn't support ongoing and consistent buying of bitcoin which i think I'd what most beginners should be most bothered about since they are just starting out, but that doesn't mean they also can't practice it, yeah it's could be quite difficult for someone who doesn't know much to identify a dip and most newbies could tend to want to be smart and end up waiting to long or trying to caught the lowest point of the price and might missout on the whole thing, but yeah if the strategy is understood I think anyone can use it especially as a backup strategy to accumulate more bitcoin in times of low prices.
10  Economy / Speculation / Re: Buy Buy Buy or Sell Sell Sell? on: May 20, 2024, 11:19:54 AM
The long term view, which we can't really tell if some can go with, or just get overwhelmed with the profits and leave the market forgetting to re-invest and still keep track of building a solid portfolio. DCAing doesn't require any form of expertise, it just revolves around what you can afford and consistently invest in Bitcoin, that won't exhaust you and you can do without in matters of your finances.

I don't think anyone will be overwhelmed if that person has made a profit through his own investment using any method, especially if what he invested was Bitcoin. Because in terms of investment, it is necessary to reduce the level of consistency so that every investor can be more willing to buy in any condition without worrying about anything if the goal itself is for the long term. I am quite sure that currently there are many investors who like Bitcoin because they have seen evidence that Bitcoin is a very good investment asset so it should not be sold carelessly in unfavorable conditions when we already have it. But there are also those who do this and maybe they don't realize that Bitcoin is the best at the moment.
We make long term investment in Bitcoin because when we look at the history of Bitcoin it has been continuously increasing from its previous history which makes every investor eager to invest in it .
And I think Bitcoin will become the number one investment in the next few years because Bitcoin ETFs are being approved and invested in every country , so big investors went to invest in it and are starting to invest .And if we see that Bitcoin is the best both short term and long term  , if wo do short term investment with a good strategy we can make a good profit.

If one were to judge from bitcoin past performance and also considering the fact that its still quite an early asset that would give everyone a hint where bitcoin is going, bitcoin could someday beat many other traditional asset and become the best in the top, but either way its good we don't get in too greedy and also understand that it might take years before bitcoin gets to that amount that we all have in our mind and what is most important now is to buy bitcoin and keep buying bitcoin and that's the only way to actually benefit off bitcoin as an asset.
11  Economy / Services / Re: [CLOSED] BestChange Signature Campaign | Sr Member+ on: May 20, 2024, 07:02:14 AM
Come to think of it bestchange is one of the oldest campaign that has been on this forum and has been advertising on this forum, I'm really shocked that they had decided to stop working with us on this forum and want to look for other advertisement means, i had to take some time to read about them and I still love their work and I saw how difficult it was for them to prove themselves on this forum, many persons doubted their legitimacy but their withstood all those hard times and rose to the top as one of the best campaign on the forum, it had been a pleasure having you on the forum and I had wished you stayed longer to work for you, I hope you find better ground for Promotion, goodluck
12  Economy / Gambling discussion / Re: Premier League Prediction Thread 2023/2024 on: May 19, 2024, 07:57:37 AM
What are we going to say of arsenal right now, we all know how it was last season and last two seasons when man City managed to top the table, do you think aslrsenal can manage to take back position to win the league, I really and high hopes for them and would have loved for them to win this league, but right now they are most at risk than ever and it all depends on west ham 😀, the odds for them to lose this match is so high.
13  Other / Politics & Society / Re: Poverty change people on: May 19, 2024, 07:53:06 AM
You should rather have approached them with love than that way, you don't what it feels like to be poor and needy, its like living on the edge of beign a human, anyone would turn evil in a desperate situation, we are humans deep inside is sin waiting to take advantage of our weakness, do you know what it feels like not beign able to eat, like eating 3 aquare meal is a dream for some persons and what would they not do to live in such comfort of having food to eat, some persons don't have dream of a good live they just wish yo survive.

Poverty is a bad thign and it can make the most innocent change into pure weekedness, just be grateful to have a better life.

Poverty has its own mindset, so for poor individuals to start thinking very shallow is normal thing if may say, when an individual is poor, it affects his emotion and the way he thinks unless such individual is a type thats resilience about his hustle, there are people that doesn't believe that they will continue to b poor until they die, so you don't expect such individuals to give up on their struggles, so no matter what, poverty is disease that has cure only if a person rethink and get rid of some devilish thinking and concentrate on building himself to success.

Your right bro, that's even how some people feel when they are left in the trenches by friends and when their friends are back they act in such a way that they are envious of them, but that is life they have stayed their too long and has let it creep inti their hearts.
14  Economy / Economics / Re: Money is all wealth? on: May 19, 2024, 07:52:03 AM
Money is a big illusion that people fail to notice, it has no real value, as long as fait is concerned it is a liability and can not be considered as wealth, wealth is a state of abundance, when you have enough investments that are generating value for you without taking your time in exchange for that.

Fait loses value over time making it a liability to have around, yeah its true true without money you cant get anything you want but even if you have so much money in fait then that isn't wealth cause it doesn't increase but rather decreases over time.
15  Economy / Economics / Re: Combination of Different FIATS Make World Inflation? on: May 19, 2024, 07:50:57 AM
This is all the more reason why having lots of fait around is such a bad idea cause it suffers from inflation, its far better to own properties and businesses than to have so much fait around, since they changed money from gold to paper I so strongly believe that this was their plan to take off real value from peoples hand and give then something more inferior that can be made so many times, in the old time when money was still a thing of value like gold and silver or copper, inflation was never a thing, all this started when paper money was introduced.
16  Local / Off-topic (Naija) / Re: It pays to be humble on: May 19, 2024, 07:49:10 AM
If there was anything I could always remember my ma saying was that pride comes before fall and I should humble myself to get the best in life, having pride would get you no where and its rather a stupid thign to do, If you are a proud person no one would want to offer you help and if something were to happen to you and you fell you would be so ashamed to een ask for help, what I noticed from the proud is that they have no choice than to live a lonely life cause no one can stay around such character.
17  Local / Nigeria (Naija) / Re: Crypto Matter: Abeg, Somebody Explain Am for Me on: May 19, 2024, 07:35:14 AM
I know say if no be for crypto, I go just dey in trouble for this country. Because as I dey finish service, I suppose go look for work like other normal people, but this work no dey the country. But what I no understand be why our country dey against crypto. I mean, the government go done see say eh dey help a lot of people nah. Abeg, anybody with better understanding of this matter fit explain am for me, make I understand more. Why dem dey fight against something wey dey bring money and hope to our people? Dem suppose dey support am, no be fight am. I just dey confused, make somebody help me out?

Right now I can't really say that the government is against crypto in the country cause if it was really a war or something that they wanted  to stop they would have issued a ban, but that's not the case here, all the recent news relating to crypto has been about exchanges and their supposedly false accusations about money laundering and them being at fault for the way our currency is depreciating in value, they have ban p2p trading( which is a means where local buyers or crypto users easily change their crypto for fait within the country) and this has affected many of us here that usually keep our money in crypto and love to engage in trading transactions more often.

But their supposed claim seems to be false cause no problem has been solved and naira continues to fail in value against dollar, we alm know how this happened, during our last election more money was printed and that has affected the total available supply of naira and in turn reduced its value, you would better understand this logic if you knew the concept of supply and demand, so what our government is trying to do is to solve a problem they created for themselves and blame it on crypto.
18  Local / Nigeria (Naija) / Re: Social media account as KYC requirement? (2) on: May 19, 2024, 07:27:55 AM
Well you would never know the scheme or heir reason behind this and why I see this as invalid is cause anyone can create a fake account with some else image online and if their purpose was to kind of get to see if the person is real maybe by having access to their photos and all that then it's just another waste of time, or it old be that they want to have access to people's social media data, but my question hee is what for, how does having my social media handle changes anything and moreover social media can easily be hacked and what if I'm linked to an account that has been hacked and then used for fraud would that in turn affect my bank.

I think there is something deeper than what we know, I really don't like this news, I'll look into it and see if any exact reason was included for this change of kyc requirements.
19  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 19, 2024, 07:15:28 AM
-snip-
I sometimes feel that everyone who hears something about cryptocurrencies will search for the next thing that he or she believes will explode 10000x. It is the feeling that they missed the train and now find themselves hunting that one coin nobody else knows about. In other words, probably 90% of new investors decide against going down the solid route and DCA into Bitcoin overtime right from the start.

The worst is when you get into hopping from Bitcoin into shit coins and try to do that repeatedly, hoping to double your money. In the very, very beginning I have given some shit coins a shot and while it is exciting to see some of them go up, the markets for them very quickly dry out or some of the "dev wallets" get flash dumped and you are screwed.
Yes, I quite understand it, and of course you have explained it well.
There are several common reasons why some new investors own altcoin compared to bitcoin, one of which is that the price of bitcoin is very expensive compared to altcoin price.

that is a dumb idea, and not even worth repeating here.


I really don't see any reason why people still consider altcoin diversification as a thign, what is the need for doing that when supposedly all the altcoin are just an inferior idea of what bitcoin is, and worse of all its lame thinking that they is any safety net in putting money there just incase something goes wrong with bitcoin, IMO If something were to happen to bitcoin that would definitely affect every other altcoin in the same time.

Yeah we can't drag people off their will to invest in shitcoins, but that shouldn't be the main portfolio, bitcoin price is an excuse with DCA anyone can own bitcoin and still get rich out of it, I think shitcoins is an excuse to gamble and shows how short term an investor really is .
20  Local / Politics and society (Naija) / Re: Waiting go happen to our money? crypto currency dey face trouble for Nigeria. on: May 18, 2024, 11:12:45 PM
The only major issue here is the fact that we can't easily change our crypto to fait and most if us here do a lot of transactions weekly or daily with crypto to fait, but on the bright side we can hold our bitcoin for longer since it is now a little more difficult to touch it.

Anyway why I can't panic is cause the government can only try what they can to stop us from exchanging our bitcoin or crypto but can't shut the system down cause they don't have such power or control over it, I believe that this is just temporary and would be free with time, my annoyance is that the so called currency is still depreciating in value despite all their false effort, the problem isn't crypto it is cause they printed so much new money and it affected the total circulation of naira and in turn reduced its value so much. Let them face the fact and solve the problem as they should.
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