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1  Alternate cryptocurrencies / Altcoin Discussion / Re: Is investment a necessity or a want? on: March 23, 2024, 04:52:26 AM
It is am obvious fact there are a lot of coins coming in to the market and Bitcoin halving is so close and alot of people are also diving in to the  market, but some thing actually triggered me creating this thread which is where I got the attention from, some one very close to me has been prioritizing coins involvement other than his health care. What are your option on this?
I would say investing is more like an option than a necessity or want. It is something that can help secure your future, make your life more easier and comfortable, especially when you are about to retire. Investment allows you to grow your wealth over time, but it shouldn’t come at the cost of your well-being and health, specially your mental health. No matter how much you invest, if you aren't healthy (which will cause you to die soon), what are you going to do with those wealth? You won't be in a position to enjoy the gains from your investments. Prioritize your health first and then go after wealth.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana memecoin is trending on twitter.. on: March 23, 2024, 03:50:12 AM
We all know solana has been doing well these past few months it is no secret. At this point, you should have already
bought some and should be seeing profits already. Well anyway I am just hoping these memecoins, despite the
usual conceptions about memecoins, do not die after their initial hype. To be honest, I have high hopes as
Solana is a reputable and reliable blockchain.
Most Solana dex  currently have high transaction/volume because of people investing in these meme coins. This is also driving the price of Solana up. I can assure you, most of these meme coins will die after the "initial hype". Most of those meme coins are either rug pulled, or get dumped after few hours or days. We have seen this happen with Ethereum, and then Binance smart chain, and now with Solana. This is more like gambling and the dex are now like a casino. If you have invested in some and already made a profit, I would suggest you take the profit and invest in some other better coins.
3  Economy / Economics / Re: Bitcoin prospects on: March 23, 2024, 03:01:35 AM
You would have to go check the history of Bitcoin and see for yourself so that you don't come up with other similar questions based on your curiosity. Bitcoin has been in the market for longer time before now and so many things had happened even the government had tried to crash it but couldn't work out. The total supply of Bitcoin is 21 million and people are still mining and is still going to last for a very long time. But you need to understand that investing in Bitcoin is a wise attempt and you don't have to be too relax led because it is risky too and one would have to understand the market before taking any financial decisions.
Sure you can look at the history, but the patterns might not be always the same. The market is volatile and can never be predicted accurately. Even using the "chart" or the "history", you can never know what the price will be tomorrow. And yeah, investing in bitcoin is a good decision if you are willing to hold it for a long term, like more than few years. But that doesn't mean you can't "relax". If investing in bitcoin is causing you mental stress, then no, you shouldn't be investing in bitcoin or any crypto currencies. It is risky if you are willing to do risky trades. But as long as you are willing to hold, you will be fine. Invest only what you can afford to lose.
4  Bitcoin / Bitcoin Discussion / Re: BTC profit taking strategies? on: March 22, 2024, 04:54:48 AM
Yeah, I would have suggested you the same way. You can DCA in and DCA out. You won't be making your maximum profit, but you will be risking less. But if you can hold for long term and you won't be needing the money anytime soon and you don't want to deal with the market volatility or headaches, then just keep holding until you reach your profit goal. Like you said, you are waiting for the price to reach $100k CAD (which I guess is around $75k USD? Then keep holding it until you reach your goal. While you hold, you can keep on investing without worrying about the current price. Once it hits your target, you can take like 75% of your profit and hold the rest while choosing a new target.
5  Economy / Gambling discussion / Re: Does pragmatic play bonus buy really worth it? on: March 22, 2024, 04:29:19 AM
I recently play this provider without the use of VPN on Stake.com that’s why I kinda become addicted on this provider. I frequently purchased bonus buy worth 20$ for a minimum bet but the usual profit I can get is just x2 of my buy bonus while I’m frequently lose my bonus buy.

I’m pondering why many user keep using Pragmatic Play especially the bonus buy feature while it’s expensive and the return is not that high considering the max win is very small compared to other provider like push gaming that offers much higher max win.

I admit that Pragmatic games is really cool to play due to graphics but winning wise, I don’t really like it since there’s no 0.1$ minimum bet.
I don't play slots a lot. Like almost never, but I do know a thing or two about it. When you buy a feature/bonus, you will be placing 10-20 times more than the base bet and instantly receive the free spins. But each of the spins uses the base bet amount. So technically, you are actually winning more per bet. In total, you might have spent a little less (or more depending on your luck), if you had been manually spinning the slots. The free spins have bonus features that gives you a chance to win "higher" amount or the jackpot. Hence, the risk of losing money is also higher in this case. Check the RTP. As far as I know each bonus has their own RTP regardless of what the base game has to offer. If you are trying to win big faster, then buying bonus round is your way. Or else you can keep on spinning and hope that you win free spins unlocking the bonus features that will let you win the jackpot.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Are memecoins also classified as Altcoins? on: March 22, 2024, 03:54:10 AM
I wrote a post yesterday about meme coins doing better than Alt. There was a pretty good argument that memes are also altcoins.

Then again, these comments made me start thinking. Are Altcoins really memecoins and why did you think so?

Anything in crypto currencies that isn't bitcoin is considered as altcoin. So memecoins/shitcoin are also altcoins. You can say that meme coins are another part/category of altcoins. Like a subgroup. Its the same way people mention Layer 1 coins, Layer 2 coins, privacy coins and so on. There are also exchange (CEX) coins and tokens which are all a part of altcoins. All these altcoins subgroup does have a cycling trend like when a meme coins starts to rally, the whole meme coin market follows the trend. Same goes with L2 coins. The post you read yesterday probably tried to say that memecoins are performing well in the market compared to the top altcoins.
7  Bitcoin / Bitcoin Technical Support / Re: Do bitcoin accelerators really work ? on: March 22, 2024, 03:30:13 AM
I had one of my transaction stuck for quite long time. I tried some free bitcoin accelerators but it had no impact on the speed the transaction. Later the transaction got confirmed on its own. So I feel that these free BTC accelerators are just marketing gimmick to sell their paid options or to drive traffic on their sites. Do you agree with this ?
Most of them are just carp/fake accelerators that just baits users to their site to increase their traffic. There are some paid accelerators that are legit, and they do give some free "acceleration" access hourly, but you need to be extremely like to be one of those first 50 person to use their acceleratior service. For the paid services you would be actually paying more than what you would have paid if you added extra fees when making the transaction. The best thing to do is to check the current mempool and determine the fees. Based on that fee, make the transaction. You will be paying a lot, but lesser than what you will be paying when using those accelerator services.
8  Economy / Gambling discussion / Re: Friends engaging on P2P gambling insights grudges amongst themselves on: March 21, 2024, 06:48:11 AM
Have you ever been in the situation of asking your friend (s) to go down with you on a P2P gambling just between you as friends?

This happens especially on the cards, Chess and the other skill-based gambling.
I came across friends fighting throwing words at each other one was expressing his disappointments at his other friend while the other was mocking at him.
It was discovered that the one mocking the other asked the other one to step on let them gamble on a P2P and on the process the one being mocked lost all his funds for the other guy. And he has been asking the guy that won the crown to return him return about 30% out of the $190 lost but the other guy told him that there is no return and no compensations in the gamble so if he must give him back some returns it would be based on his own will.

Guess what, after all he ended up returning $10 to his friend.
So I ask, did the friend do well in returning $10 to his friend or the returned $10 was not enough?

To me, in general, that seems wickedness of gambling between friends on a P2P because such friends are not worthy to be trusted considering the sentiments in playing to win.
I would say that is a daylight extortions amongst each others.
Your friend do sound very immature to be honest. Why mock when competing with each other? Was it like a "strategy" to distract your friend so he loses the bet? If that is the case, then tell him it's not a fair win. But I doubt the other guy is going to listen. And yeah, you can't ask for your money back when you lose a bet. Not even a portion of it. Since you guys aren't chill enough with each other, I think it is a bad idea to compete against each other, specially when money is involved. This will only ruin your friendship and make things worse.
9  Alternate cryptocurrencies / Altcoin Discussion / Re: Selling BTC for Alt Coins? on: March 21, 2024, 05:57:01 AM
I have around 2.1k in btc rn and was wondering if I should sell it and invest in a couple of altcoin projects, would that be a good idea? I know Bitcoin will never ever do another 5x in the near future haha so that's kind of why I would wanna sell. The market cap of btc would have to reach a very high amount for it to be life-changing money to me.
Sure you can if you want to risk a lot. Altcoins are more volatile than bitcoin. During a bearish phase, altcoins will bleed much more than bitcoin. And it also more difficult for altcoins to beat their all time high again during a bull run. You could have see the last few days how altcoins went down faster than bitcoin. Again, bitcoin already made a new all time high record, but most of the altcoins haven't reached their all time high yet. You might be able to make 5x investing in a new random altcoin, but don't forget, you might be also losing 10x.
10  Economy / Trading Discussion / Re: advice for a beginner on: March 21, 2024, 04:58:57 AM
Hello, I'm a new trader. I started a month ago. I deposited $100, and now I've lost $40. Any advice for me? I watched some YouTube videos and found a technical analysis video which helped a lot. I started not losing as much. Sometimes I even earn. But even though, I feel so lost. Like every day, I see some random coins get boosted. Some people earn from how they know that coin will go up. I'm sorry for my bad English; it's not my first language.
It will take years of experience to become a "good trader". Even if you do become a good trader, its not like you will be making profit every day. There will be days where you will be losing a lot. So be glad you lost only $40, not your whole capital. And if you want to get good in trading, don't invest and trade those "random" coins. You will most likely lose more when trading those coins. Since they are very volatile, your risk is also going to be  high. But your profit is also high if you get somewhat lucky. Stick with those well known and top performing coins like bitcoin or ethereum. Start small, understand the market, keep learning and you will eventually succeed. If you lose money, don't give up hope. Instead, try to understand what went wrong.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: What's next in the memecoin cycle? on: March 21, 2024, 04:54:33 AM
There's much discussion surrounding the current memecoin season. We've witnessed all the usual aspects of a crypto memecoin season: from speculative trading to numerous project launches and presales, along with a flurry of airdrops. Presently, speculative trading and presales are at the forefront. While airdrops like JUP and Wen have come and gone. We’ve even seen bigger projects like bitget introduce their own airdrop/ rewards programs with prizes for various activities such as registration, spot trading, and completing futures trading tasks.

At this point, we've experienced a wide range of events so far and comparing the current scenario to what I recall from the bullish market of 2021, it seems like we have encountered all that a memecoin cycle can offer. Consequently, I anticipate a direct transition to altcoin season. Any thoughts on this prediction? Or how much longer do you think this will last?
Yeah, there are lots of meme coins being created now and they are being pumped. But don't forget, they are also being dumped within few seconds to days. Thousands of people are investing in those meme coins and only like two or three people are getting lucky. Rest of them are losing a lot. Most of those meme coins are just scam coins that get rug pulled. Again, among those few that are making some quick profit, most of them are the developers themselves or their friends. They pump the price, and then dump their coins to take the profit and leave. So to answer your questions, you can't predict the meme coins. It is like gambling on a casino. And no one knows how long this "meme coin" cycle will last.
12  Economy / Economics / Re: Do you believe in savings or investment on: March 16, 2024, 04:22:51 PM
I would say both saving and investment is important and one should include both when making any financial strategies. Savings are kinda like a "safe zone that allows you to sleep in peace at night". It helps you in emergencies and ensuring security for future needs, including retirement. Remember, it is your savings that will help you when your life starts to take an unexpected turn. And yeah, investments is about a " regular growth". It gives you a better opportunity to save and grow your money, while also protecting you from inflation and losing the value of your money you have saved. You will have a source of money that will help you pay your bills, but it does come with risks. There might be months where you make nothing or suffer a huge loss. I would say it is best to have enough saved up to cover your emergencies and short-term needs, then one can start thinking about investing. And also invest money that you won't need immediately and can afford to risk for the potential of higher returns.
13  Economy / Gambling discussion / Re: Dont chase your loss on: March 16, 2024, 03:52:35 PM
It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?
Not sure what you mean by inhast, but the opinion is the same. You shouldn't be chasing your loss when it comes to gambling. Only those who can't afford to lose, are the ones that chases their losses. Think of loss as a form of "payment" for the entertainment you were having while gambling. If you can't pay for those entertainment, you shouldn't be gambling in the first place. I have seen and heard horror stories where people tries to recover their losses, gets frustrated, bets everything they have in one go, and then ends up with nothing. I have even seen people going into deep debts trying to chase their losses. The best thing is to do is forget about your losses, move on and try to do something better.
14  Economy / Speculation / Re: Buy the dip people!!! Could be last chance for prices this low on: March 16, 2024, 02:28:50 AM
Or it might start crashing more and more like the last bull run. People will buy now, tomorrow it crashes further and then they will end up regretting. They have to either hold it for years or sell it at a loss. You can't predict the market, so you can't say for sure that this is the last chance to buy low. Markets are very volatile right now. Best is to only invest what you can afford to lose and the money you won't be needing anytime soon (or for years). Remember, there are still people that bought bitcoin when it reached the lower $16k and are still waiting to sell it. And then there were people that bought the coins during the last all time high, and has been holding for years. They are also waiting for selling it which might cause the market to go down further.
15  Economy / Gambling discussion / Re: Gambling Is Legal In Our Country But if You Promote It Online You'll Go To Jail? on: March 15, 2024, 05:29:01 PM
I find this unusual and weird I live in a country where gambling is legal there are lotto outletss in every corner, there are horse racing betting outlet and there are online betting station that originates in our country and yet there is a pending bill that if you're going to post or talk about gambling you'll likely going to get fine of 500k pesos or $90k and you will also land in jail.

So if you post that you won in horse racing or you post the winning bets in daily lottery you will likely get charged and penalize, so what do you think of this law, is this right?

Quote
"In this regard, this representation proposes the prohibition of online publication of materials that instruct or demonstrate gambling, commentaries, and advertisements that promote awareness of gambling activities,"

Quote
Any person who will be found publishing gambling-related content may face six months to one year imprisonment or a fine ranging from P300,000 to P500,000.
Senate bill seeks ban on pro-gambling online content
I wouldn't say it is weird. Some countries allow gambling, but they don't allow "advertising" or promoting gambling. I forgot, but a year or before, there was a country that banned all gambling related content/advertisement on TVs and  maybe posters too. The rationale behind such a law probably boils down to the influence social media and online platforms have, specially on kids. There's a real issue with people sharing fake wins or exaggerating their gambling success online. They do it mainly to lure others in, sometimes through referral links or just to gain followers/views. This kind of promotion can definitely hide the reality of gambling risks and potentially encourages more people to gamble, thinking it is easy to win big. So I guess it is more likely to protect those that are vulnerable like gambling addicts and kids.
16  Economy / Gambling discussion / Re: Making decisions while betting on: March 15, 2024, 04:40:55 PM
I never understood how keeping emotions in check while betting changes anything. Your odds of winning doesn't change no matter how much you control your emotion. Again the truth is, trying to completely "regulate" our emotions is something impossible to do. It's just not how we're wired. We're human and all those highs and lows is what makes as a human. Instead of trying to suppress what you feel (which can feel pretty unnatural and will eventually cause you to take more bad "decisions"), the key might be to acknowledge those emotions and then based on those emotions you play your game. You feel frustrated? I think it is time to take a break and play later. You feel like you are going to win, why not try your luck? Bet for the thrill. Consider gambling as paying for entertainment rather than a  way to make bank. Treat any profits as a sweet bonus that will let you play more. Set limits and you are good to go!
17  Bitcoin / Bitcoin Discussion / Re: Knowing when to own your bitcoin on: February 17, 2024, 05:22:05 AM
My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.
My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal,  as a newbie i was sceptical,  but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.
Like you said, "lucky for you". Indeed you got lucky. As a newbie investor, you shouldn't go "all in" with all the money you have at disposal. That's a huge risk you are taking. You are happy now, and saying good stuffs about Crypto currencies, but I am pretty much sure the whole tone of yours would have been different if the price went down from $22,000 to something like $10,000. You would be saying it was a big mistake. I have even seen some people starting to call bitcoin scam just because they invested all their money in a shitcoin and lost everything. If you are planning to hold for long term, then yes it is fine. Keep holding, but don't forget to take your profits when it is time.
18  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: February 10, 2024, 03:56:24 PM
Here's the thing that everyone should know or knows about gambling - One should really only be gammbling with money they are okay with losing, which is also known as "disposable income". People who aren't financially well-off usually don't have that kind of cash lying around. So, risking what little they have in hopes of a big win isn't just risky but also it's disastrous since as soon as they lose the money, their future remains undecided and dark. Gambling for fun, with a set budget that you're cool with losing as long as you are enjpying is one thing. But gambling with the hope or expectation of turning your financial situation around is complete a bad idea. The odds are always against you in the long run. Doesn't matter if you are rich or poor. Don't forget, there are people that were once rich and now has nothing thanks to them gambling away everything they had.
19  Economy / Gambling discussion / Re: To what extent have you hated yourself due to your gambling losses? on: February 10, 2024, 05:06:10 AM
Let me start by asking a question that is not very much different from the topic..

In your entire gambling journey, have you ever had a series of losses to the extent you hated yourself so much for being so unlucky?

I was going through reddit in the early hours of today, and came across a user who lamented bitterly through his post, of how unlucky he has been in gambling in the past few weeks, like almost a month now, he said he bets minimum, twice every day, but have not won a dime for the past weeks, and this made him hate himself so much, I sincerely felt pity for him, for I remember one time I lost a huge sum of money to betting, I felt so bad that I thought of killing myself  Grin.

So, let's share our worst gambling experiences, have you ever hated yourself so much due to lack of winnings in gambling? To what extent, and how did it end?

Do you still hate yourself even now?  Grin

Lets discuss.
If you had the thought of killing yourself after a loss, then I don't think you should be gambling anymore. No matter how much you are going to say that you "just thought of it, you would never do it", gambling is not safe of you. In fact, it is not normal to think of killing yourself over "some" losses. You didn't harm yourself the last time, but what is stopping you from doing it the next time? You might end up gambling all your savings and everything you have, and then the next step you might want to take is something drastic. Gambling should be all about fun and excitement. It shouldn't be about hating yourself or trying to harm yourself.
20  Bitcoin / Bitcoin Discussion / Re: Struggle now to invest in Bitcoin for a bright future. on: February 10, 2024, 04:06:24 AM
Many of us know about Bitcoin. But due to a lack of funds, we regret about Bitcoin investment. Many people, particularly those from low-income families, regret when we can't invest in Bitcoin. Though we can't solve this problem, we can struggle to achieve our goal. For our daily needs, we must need money to survive. Sometimes we spend money on unnecessary things. So we can avoid spending unnecessary money because we can survive without it. And we can start investing in Bitcoin with that money. We have to find a solid income source, even if it is small. So we can go ahead with our bitcoin investment. If we struggle now, we may build a bright future. Even students could save some money from their daily spending and invest in Bitcoin.
If you are struggling to pay your bills, then you shouldn't invest in bitcoin. The golden rule of investing in crypto currency is that you should invest only what you can afford to invest. Crypto currencies are very volatile. There might be a day where you are in need of serious money, and the only option you have left is to sell your coins. What if at that moment, the price you will be able to sell is much lower than the price you bought at? And yes, like you said, you need to a good source of money before you can actually start investing in bitcoin. If you have some money left, but struggle every day to pay your bills, try to use that money to start a business less riskier and eventually use the profits to invest in bitcoin.
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