Hey everyone. What are some of your wealth secrets that you could share with us?
Buying homes with cash and taking loans out on it?
Setting up trust funds in foreign countries and setting offshore corporations to avoid capital gains and taxation? (Sorry tax avoidance for any LEO reading this)
What are your secrets?
Why would anyone want to share their financial "secrets" with you? Sounds more like those "scam" books and videos where they convince people that a secret exists and then tries to sell them something. There is no "secret" in financial success. You need to work hard for it. You need to earn it. If it was very easy, wouldn't there be like lots and lots of billionaires? And you can't become successful by taking loans. Nor can you become one by avoiding taxes. Play clean, work hard, and you will see yourself there one day. |
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anyone deposited very less amount and luckily won a big jackpot like a 100x or 500x or 1000x of base bet and withdrawn without kyc or without facing any problem from the platform?
if yes, how much was that amount? and what was the exchange?
i seen many people complaining about they don't give big wins easily or just don't give by making unanswerable queries like very hard KYC, freezing accounts, etc. this problem is very common with trusted casino's also/
do anyone withdrawn successfully the winning amount and if yes what was the process, it was seamless or you need to pass a hard kyc?
If you are asking if any people out there won like thousands of bucks, while depositing like $10 or $15, then yes, there are a lot of such lucky gamblers. And I am sure there are lot of people that were able to withdraw their funds without any issue. As long as they didn't abuse anything, then they should be fine with withdrawing the money. But, if the platform has KYC, then yes, you might be asked to pass your KYC before they can process your withdrawals. Some amount will automatically trigger the KYC flag due to legal reason. Unfortunately, most people think it is a way for the casino to deny your winnings/funds. Not really... Do you think a casino would risk their reputation for only few thousand bucks? |
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I saw some post in this forum talking about kids with cryptocurrency. We all know that the "youth are the hope of our Country", this is what Jose Rizal said, known as a national hero in the Philippines before he died. So if we relate this with Bitcoin, kids has a lot of time, strength and potentials than Seniors, and I think most of you agree with that. However, we shouldn't force our kids to learn Bitcoin if they're not willing, we have to wait patiently for the right time. I saw a news saying that in " 2022 Crypto scams against seniors surged 78%", you might agree that one of the reason why these happened is the lack of knowledge in cryptocurrency. But a lot of seniors contributes to the success of Bitcoin. Do you agree that kids is the future of Bitcoin than with seniors? And which of them will contribute the most? Of course, kids are the future. And yes, you are right. We shouldn't force kids to learn about Bitcoin. I mean why would they need to learn about the technical aspects of blockchain and crypto currencies? That would only complicate things for them and would confuse them. Kids don't have enough knowledge to actually process any of those thing. But, regular use of bitcoin like a currency - we should be teaching them that. But I doubt there is any need for "forcing" them to use or learn it. Did you force your kids to learn how to use regular money? I don't think so. |
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Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?
Why would you risk your funds and leave it to a bot to do your work? Yes, AI can trade for you, but I doubt there is any "perfect" AI trading bot. If there is, everyone would have invested on it and start using it. No one would self trade to make profit, don't you think? There are reasons why people aren't using AI to trade. Too many errors and not having any control over the trade is I guess one of the reason why they don't want to trust AI. Imagine an AI wiping out your entire balance for just an error that a human could avoid.. |
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Anyone who thinks that marketing isn't important, shouldn't handle any business. It is of course very important. Without marketing, no one would recognize your brand. You might have a small customer base, and you will be stuck with that small "loyal" customer base for the rest of your life if there is no advertisement and marketing of your brand/company. Yeah, the customers might spread the word among their friends and families, but those people won't remember it, because for them it was just another "gossip". But if you market and advertise your brand/company, those friends and families will recognize the brand because they have heard about it and will make them want to try it. Investing in marketing is the best thing you can do. It might be expensive, but the returns and the results might stun you!
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Yes, inflation might be a mess in your country, but how come you are sure nobody is doing anything about it? Of course, they are. Just because you aren't doesn't mean that they aren't. I am sure there are "smart" people that knows how to survive this inflation. They aren't holding fiat money and saving it in banks. They know the interest they are receiving can't beat the inflation in the long run. So yeah, they are "investing" their money to beat the inflation. There is nothing you can do about the inflation if your government isn't taking appropriate steps. All you can do is go along with the inflation and fight with it through investing on different businesses or assets or crypto currencies that in the long run will give you more profit. Even though there are risks, it is a risk that you must take or else the value of your money will start dropping.
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Not a bad idea, but don't buy bitcoin just for the "next" halving. What makes you think that the price of bitcoin is going to go up because of the halving? Crypto currency prices are unpredictable. Don't invest based on the events. Invest only if you can afford to invest. Invest if you are willing to hold long term and be committed for lets say two or three years. Yes, the price do go up due to up before and during the halving (and because of the hype..), but you shouldn't be risking your money like this. Yeah, you can if you have money that you can afford to lose. Instead, focus on investing some amount of savings that you won't need and keep investing as long as you can. Halving or not, just keep investing. -snip-
I don't think now is the right moment to buy, still 285 days for the halving, and the price can drop a couple of times more in those days. If you remember bitcoin's price at the start of the year was at $16500, and now it's $30,440. So, if a panic hit the market before the halving we could see it going down to $20k.
-snip-
And what if the price goes even higher than the $30k you mentioned? Wouldn't it be too late to buy? That's why, don't wait for the price to fall or rise. Just invest if you can, sit back and relax. |
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I reluctantly followed the counsel of a financial advisor to fix my finances in order by creating a budget and tracking my expenses, inflow and outflow of cash using an excel sheet. The economy has been crazy in my country so I needed to do something urgently. My greatest realization after this is that inflation all round is destroying my budget. It's been five months now. I am torn between using my emergency funds or selling some of my assets to cushion the effect of this economic situation. What do you suggest I do?
Certainly not your emergency funds. Emergency funds are funds that you will need in case of something disastrous happens and you will need money. You won't be able to risk that money by investing in crypto currencies. What if you need your emergency funds which you invested in crypto currencies, but the price of the crypto has fallen? That would bring you more trouble. The assets, depends on what kind of assets and how much you are willing to risks. I wouldn't say go all in with your assets, but yeah, maybe a few assets that you can risk and you think would be better to sell and invest in bitcoin or other crypto currencies. As long as you are holding for long term and not investing in some shitcoins, then you will be fine. Remember, invest only what you can afford to lose. |
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How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
You can't "grow" your bitcoin. If you have 1 bitcoin, you will have 1 bitcoin with you as long as you hold. Bitcoin can't be stakes, so you won't be receiving any rewards for holding your coins. The only way to "grow" your bitcoin is through mining or investing your money. Or you can earn bitcoin by providing services to people and accepting bitcoin as a form of payment. Remember, only invest what you can afford to lose. You don't have to "grow" your bitcoin if you can't. Just hold what you have and don't sell at a loss. When the price goes up, take your profit, wait for the price to go down, buy more bitcoin and then keep on repeating. |
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-snip- source As usual, when the market is bearish, China gives a statement attacking bitcoin and they have stated this over and over every year... Satoshi once said that the lost Bitcoins as well as the Bitcoin holders are strong milestones for keeping the Bitcoin price in check. so as long as someone holds bitcoins, lost bitcoins as well as bitcoin traders the probability of bitcoin price going to zero is 0.1%china and other countries that don't like bitcoin will always take advantage of the moment (most often when the market is bearish) to spread their FUD to everyone in the world, but they will always fail because Bitcoin is already embedded in the minds of millions of people (CZ said) I also present a good topic, as supporters Bitcoin will always survive;
If the probability is 0.1%, then how is it that you are saying it will never go to zero? But yeah, very highly unlikely it is going to happen. As long as there is some people buying and selling bitcoin, it will have some value. I don't see any reason for it to go to zero, other than situations like if something very bad happens to the network such as a flaw that makes crypto currencies futile/deprecated. But even in such situations, I am sure people will come up with some sort of solution that will save crypto currencies. And don't forget, Bitcoin is a global currency. So it doesn't matter what China says about bitcoin. It shouldn't affect the rest of the world. |
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Yeah, 3 years does sound fine to me as long as there is still "market" for your business. There might be months where your business might not do well like before. You won't be making any considerable profit due to economic situation. If you believe that the conditions are going to improve and change later, then yes, keep trying before letting it go. During those time, you can look for space where you can develop your lacking in the business. But if you think it is because the "market" is mainly dead or you have competitors that you can no longer compete with, then yes, you should stop and start focusing on something else. It would be just a waste of time and like you said, it would just become a "hobby".
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You can't become a successful bitcoin trader (you mean trader when you say investor, right?) as a newbie. I don't know how people expects to make profit as soon as they start trading. You are a newbie. This means you know nothing. You are starting from zero experience. You will be making mistakes and end up with huge losses. Now if you still continue and learn from the mistakes, then yes you will eventually become a successful trader. Experience is what you need. The more experience you have with different trading situations, the better you will get in the long run! Just make sure you don't give up and keep yourself motivated to continue learning and trading.
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None. Both of them are risky to invest in. People were making profit when NFT was a hype. Now look at those people that invested in some random NFTs at the very last moment of the hype. Most of them are regretting it. They are going to lose a lot if they sell now. The hype is over, so is the chance to make any money from those NFTs. Meme coins are the worst. There are thousands of useless meme coins that gets pumped and then dumped. You have to be very lucky to make any profit off it. Most of the people that invest in those meme coins eventually loses money.
Why go for NFT or meme coins if there is Bitcoin and other well known altcoins? The risk is lower and in the long run, you are likely to make some good profit!
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It is not the same thing. It is gambling if you are trading and you don't know what you are doing. If you just expect to buy low and then start selling high within few minutes, without understanding the market, then yes, you are gambling. When you gamble, you just leave things to your luck. In most of the cases, gambling require next to zero skills and knowledge. On other hand, trading is something that you learn and get better the more experience you have. Yes, you can make losses from trading, but you can control those losses. In trading the more you understand, the less you will lose in the long run. But if you keep gambling, the more you will lose in the long run. So no, trading isn't gambling if you understand how to trade and know what you are doing.
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As we know that most gambling sites will require you to gamble and wager your whole balance once, before you can cash out or withdraw from the gambling site and they take this measure so people do not do money laundering whereby deposit and withdraw without gambling.
Now the point here is that on the gambling site, there are many easy winning bets with odds like 1.01x etc. If the money lauder is sensible he can easily be wagering the whole amount by placing a few bets where the odds are very low and the winning chances are 99%.
So does this mean that there is a loophole here and the money launderers can easily by pass this wagering requirement?
How is that a loophole? The person who is going to launder money is already risking something. There is still that 1% chance that he is going to lose his money. Do you really think he is going to take that chance? And don't forget, each bet has some sort of limit. You can't wager millions in a single bet. As far as I know, you will need to contact the casino if you wish to place such huge bet. I am sure they will start asking you questions before they let you place the bet. There are also security measures in the casino that can detect suspicious betting. And then most casinos require KYC. So casino isn't really a best place for someone random to launder his money. |
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Having those signs indicate nothing. In fact, a gambling addict would try to find those signs and then try to convince themselves that they aren't a gambling addict. What made you think that all gambling addict do some sort of illegal activity, or gambles illegally or is dishonest. I am sure there are lots of addicts out there that gambles "legally", yet they can't stop. Also, don't forget, all "addicts" starts as a non addict first and then eventually becomes addicted to something. One shouldn't just look at the signs that you posted and start believing that they aren't a gambling addict. If you gamble, gamble for fun. Think of it as a paid form of entertainment rather than a source of money.
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When someone has a particular wallet which he spends Bitcoins from can he be considered a Bitcoin investor?
Or does the term investor refer only to those who hodl Bitcoin?
Look at the definition of investment and then you will know who is a "Bitcoin investor". When you invest on something, you hope for the value to appreciate in the long run and then you sell it for profit. How can it be called investing in bitcoin if you are actually buying bitcoin to use it as a regular day day transaction currency? You spend it, you no longer will be making any profit. So yes, the term investor refers to only those who are holding bitcoin with the hope of making profit when the price goes up. It is the same for everything you invest on. |
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I use 5% of my weekly income to gamble and I can not go more than that. Sometimes I can be busy and I can spend less. If a week favours me, I will save my profit and the remaining (5% last week income) for next week gambling. According to what I heard, people spend up to 12% of their weekly income on gamble. I think it is not bad but that gives me the thinking to make a post like this on this forum. What percentage of weekly income do you think is right for gambling?
5% to gamble isn't bad. It is good that you are limiting yourself and you never exceed the limit. And you use your profit to further gamble. So, I am guess you gamble for fun, right? As long as it is for entertainment purpose and you don't spend all of it on gambling, then its fine I guess. But just make sure you always limit yourself. Never chase your losses. As for the 12%, where did you get the data from? I doubt there has been any research on how much % does a person spends on gambling. There is no fixed % of weekly income that one should be spending on gambling. It all depends on each persons financial status. For some 10% might be nothing, for others it might be a lot. |
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Hello, I been a long time sportsbetting player and have using Stake the last two years, I almost only play sportsbetting, but sometimes I can play maybe Slots & BJ to.
Sine it's impossible to win on Slots & BJ on Stake.. its not an option, but since they had their good monthly bonus so I always got back some money is the reason I did choose and was loyal to Stake.
Now when its more important for them to have Drake streaming and "throwing away money" then give back to their customers I am gonna stop play there and start a journey on another website.
(Since now everything is nerfed on the website I cant even call Stake for a online casino anymore)
Since I been member here for couple of months, you see many sportsbetting website using this "KYC argument" when players want to cash out big winnings, so I don't want a casino that allow me to gamble and deposit but not withdrawal my earnings, be honest and you will get honestly and loyalty from me as a customer.
So now I am asking all people on the forum, where do you play and do you recommend me to play there to? (You can link affiliate is totally OK for at least me) but be honest in your intentions!
I am not a high roller, but I play quite a lot monthly...
You can try CryptoGames if you haven't. It isn't a sportsbetting site, but it does have slots and blackjack. So you might want to give it a try. They also have a monthly wagering contest and a VIP program. If you are a VIP user, you will be receiving weekly fixed voucher/bonus that can help you boost a little. But its not a KYC free casino. For some cases you might be asked to verify your identity. So make sure you read the terms before playing. If you are looking for a casino without KYC, then you should be looking for a casino without a license. But do you really want to play on a casino without a license? They might scam you, or the casino may disappear and you can never do anything about it. |
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They aren't saying all those things to "manipulate" the price of bitcoin. BRICS as far as I know, is indeed looking for a new currency. By new, I mean create a different currency and use it to trade. But as far as I know, they aren't considering bitcoin or any crypto currencies. So yeah, if you read that they are going to make a crypto currencies their default currency to trade or make the new currency that they are making with bitcoin, then very likely it is a fake news, a click bait or just trying to manipulate the market. But wouldn't that be nice if they do consider bitcoin?
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