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May 06, 2024, 05:54:01 PM *
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1  Economy / Speculation / Re: Do not let the over excitement after the bull-run pull you out to danger on: Today at 11:35:42 AM
Some people are proud of the great achievements they were able to achieve in their journey of investing in bitcoin - then they tell everyone without realizing that there is a danger lurking around them. Financial privacy must be considered as a precautionary measure to minimize risks - including the risk of planned robbery.

There are some people I've met who take pride in posting their investment profits publicly on social media so that others can be proud of their achievements. But in essence, that has increased the risk because they never know who might want to do something bad to get that money from them. So it's true - it's best to keep quiet and hide unnecessary things, it's more profitable.
These people certainly do not clearly understand that announcing their investments or achievements all over the social media will not make them popular but will eventually put their investments at a higher risk. Even if they’ll say they are posting not to brag but to inspire, still their actions could lead to secret envy that will push other people to set plans to attack them. When that happens, they are the ones who are highly at fault, knowing they are the one who exposed their certain achievements or investments that should always be kept privately.
The idea is the same as Warren Buffet, which they do not come even close to, but that's what they try. Warren Buffet famously buys stocks in secret, and as soon as he buys it, there are millions of dollars worth of marketing done about it, and for free as well, every single financial news outlet out there will share the news on what he bought, of course he is famous so that helps too, and everyone starts buying the same stock that he bought, everyone wants to be early investor right away as soon as they see it, which makes the stock go up, so he starts every investment in profit, there are of course exceptions to this, but that is in general what happens.

Now these influencers can't make some blue chip stock go up, but they hope that maybe a few million market cap tokens could go up if they share it.
2  Economy / Gambling discussion / Re: Football/Soccer Winning Strategy on: Today at 08:26:43 AM
here are his words: Find a sport like Hockey where teams normally just score a few and usually the first team that scores wins the game. And then find a casino that lists live matches. And then Parlay on 2-3 games. Don't go more than that or it gets riskier he emphasizes.

So what I did is apply this same strategy on Soccer as well. Remember to do this on live matches.
So when you see game 1-0 and the team that score 1 has the odds of 1.30, I guess this is a good bet already. Just add another of these live games for your multibet and hope to win. Also, make sure it's already 2nd half.
Strategies in sports betting only work with knowledge, you can't expect to apply a strategy like this without having any knowledge and understanding about the teams involved in a match because that wouldn't make any sense and you will see your strategy falling apart. What if the team that scored a goal isn't the favorite but somehow managed to score and the opponent is stronger than them and they might score two or more goals later on?

So, however uses or applies such strategies on their bets need to understand that sports betting is all about knowledge and understanding of the teams and the players involved and you can't make your bets based on how many goals are scored and what is the timer at that time because we have often seen teams scoring more than 2 goals in the last few minutes of a game.
3  Economy / Gambling discussion / Re: Why do casinos require users to verify their identity through a KYC policy? on: Today at 06:59:52 AM
I've read a lot of comments in this board stating that a user is required to undergo KYC if their account is suspected of cheating. Can anyone explain how it is necessary related to the subject? A detailed explanation would be better, but everyone's ideas are welcome, as I believe it's worth discussing so gamblers will not be misled regarding this matter, which pops up from time to time.
A gambler who is either suspected of cheating or having suspicious activities that might show he isn't behaving normally might be asked to complete KYC verification. A lot of platforms might give a lot of opportunities to their customers, but most wouldn't do that and they will ask for KYC as soon as they find something unusual.

I will give you an example of what an unusual or suspicious activity might be. So a gambler signs up on a casino platform, makes a small deposit, and starts gambling. He keeps making small deposits and also withdraws small amounts sometimes, and then all of a sudden, they make a large deposit, make a very large bet on a sports event, and then manage to win that bet. Now, even though it can be a coincidence that they wanted to take a high risk on a random game, it isn't normal because they have never made a large deposit before, and when they made a large deposit after so much time, made a single bet with all the money, and won the bet. That is when the casino becomes suspicious about them and might ask for KYC verification.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: Are your holdings ready for this altcoinseason? on: May 05, 2024, 03:49:53 PM
I'm feeling the pressure not to miss out on this bull run. I'm confident in my portfolio of solid coins, but I don't think they're quite cutting it. I want my investments to bring in serious wealth. I've heard about meme coins making people rich overnight, but I'm a bit wary of jumping into that arena. By the way, do you think older coins will see the biggest price surges compared to newer ones? What are your thoughts on this?
Infinite greed will kill you, go back to a more honest plan and reposition your abilities in this market, what matters is how you see the opportunities from investing in altcoins ( x2, x5, x10, x1000....)

Like defining clear goals from the beginning and being patient with your decisions. I'm not too fond of things like memecoins but still spend a small amount of money to buy those things and always accept the loss right from the start. Anyway, if you get into risky assets, you should look at the risk more, not the great opportunity for profit.
This is definitely true and I back this statement 100%, you are definitely right. A lot of people end up being way too greedy and that is why they end up with a lot of problems, I do not think that it is nice or smart to have something like that.

I believe that the best way to go would be just making sure that you are handling it as well as you could hope for, it would definitely allow people to have something to look for. I am not saying that you shouldn't want more, of course everyone should want more than what they have, that is why we trade but wanting more and wanting much more are different. Wanting more than what you have is normal and expected, but at certain threshold you become too greedy for your own good and lose what you could have made.
5  Economy / Economics / Re: Invest on your dependants if you too must grow further on: May 05, 2024, 10:02:42 AM
It will be difficult for such family to lack wealth, because that is the best way to make family remain wealthy by teaching them how to carry out research before investing in a decentralized currency, and wait for some years before they can supply their  coins to the market to make a good profits that will boost the family wealth.

You can allow them to handle some of your business for them to gain more skills that will help them to function well, when you establish their own business for them and it will make them to be bold in doing the businesses to earn for a living.

If you have so much wealth, and you fail to invest in your family by not creating opportunities for them to earn from , it will reduce your wealth to zero level, and it will bring disrespect to you in the family
I would assume that if you could teach your kids value of money one way or another, then they would be able to get it more themselves even without your help, but at the same time if you could help them by letting them have something, then it would mean that things could actually be better in the end as well.

I am hoping that we are not going to end up with anything more decent, we shouldn't really end up with crazy situations, it doesn't feel like it would be all that crazy in the end, we need to just focus on the fact that we could do fine if we leave our kids with both education on money and some small inheritance to start. They will not learn about money at school, so that is your own responsibility to teach them.
6  Economy / Economics / Re: Also consider your mental State of health while investing for wealths. on: May 05, 2024, 04:31:23 AM
Whatever you stated is all common sense op. However, most people invest without thinking about their mental health for even a second thanks to their desperation to earn more money as soon as possible.

The ones who wisely consider their mental health when making big financial decisions are part of the minority based on what I observed.
Not going to say you're wrong but those desperate people in my opinion are quiet a few in between, there's not a lot of them over the years, maybe when bitcoin first started pumping in price, it was the case but now at the present times? I don't think that's the case anymore, people have learned and they know exactly that there's risk involved in investments, the people that are desperate for money have stopped coming to invest because they don't want to make the same mistake again, they're the people that have been slandering bitcoin as a dud and the same people that will hear about their misfortune with bitcoin that have the same mindset as them wouldn't even step foot into bitcoin investing in the the first place.
I think it's quite obvious that people who are desperate for money, should not be risking their money things that they can't wait for a while. I mean this is a long term investment and not short term solution, if you have some debt in your name and you want to pay it, go and getting some memecoin for example for a quick gain, would only end up losing you what you have as well. This is why I believe that we need to be careful with what we do, and that should be the most important thing.

I believe that we are not going to end up with anything marginal, just realize that we are going to end up with poor people making poor decisions, and that is why there are many desperate people who do the wrong thing and look for short term quick gains.
7  Economy / Trading Discussion / Re: Some topics to look for when starting trading on: May 04, 2024, 08:14:10 AM
These are my main three topics, and I have a lot more but it's all minors and I bet most of you guys know about it, like support and resistance, candle stick patterns, etc.
Having these type of things that look like it is a big deal, seems so important to read and learn, when in fact they are quite simple stuff. Like something as simple as "if bitcoin goes one way, most coins will go that way too" is not really a shocking thing to learn, it is literally the most common thing.

I personally believe that we just need to make sure that we do the common sense stuff and in return we are going to be doing fine as well. I know that it doesn't always feel that way, but that is how you should approach these things, I am feeling like the best way to go would be just making sure that we are on the right path and not doing anything crazy, as long as we can arrange that, we should be able to make good profit.
8  Economy / Trading Discussion / Re: Trading Leverage on: May 04, 2024, 06:35:21 AM
I actually never thought that trading with leverage was good for us, except for professional traders who are already experts and are used to leverage. Trading with leverage is something that carries high risk. Yes, indeed, it can really make us get extraordinary profits. But on the contrary, it can also make us lose our money quickly. especially if we play with high leverage, and without sufficient knowledge. So, if you are not ready, then it is better not to leverage, or just use small leverage with good funds management.
well thats kinda the essence of leverage honestly usually I think the exchange will always give warning of the side effect of using the leverage feature it is definitely described as a double edged sword where it grant opportunity to people at the cost of their capital.
most of the future trader using leverage out there I think are people that are experienced already, if they are just some random newbies that are leveraging their asset it might means they are greedy and will probably just lost the money along the way.
if you are experienced in a nutshell feel free to use the leverage feature, but if you think your newbie, you know whats best for you maybe the spot trading is already good enough a place to start.
i think its as simple as that.
its just the right feature provided by exchange to give people the chance to do much more than their capital actually allowed to do and I think there's no problem if an exchange having it as a feature.
Leverage basically tells people "you could get very rich while risking lesser money but you could also lose all of it instead of just some of it". That is literally what all of leverage is. Instead of putting up 100k and hoping to make 5k profit, you invest 10k and hope to make 5k profit, that's amazing, but instead of losing 5% you may end up losing 50% instead and that's the risk.

Unfortunately, a lot of people lose instead of winning and that's the issue, too many people are taking way too much risk with this and we should consider why there are so many people who lose. I think one of the main reasons is that people lose because they are not aware of the risks involved with it and that is why they are not making that money back, I hope people go into leverage only after they know what they are doing.
9  Economy / Economics / Re: Personal Financial Goals vs Government expectations! on: May 04, 2024, 05:01:22 AM
Unfortunately most companies didn't care with that, actually they don't have to care with that especially if you desperately need a jobs and your jobs are easy to be taken by other people, I don't think you have bargaining powers.

This is more like about the workers and the companies, not the countries.

Since most of people are average, they can't do anything except agree with all the rules.
That is also true. Most companies could care less about their employees and their wages. A lot would even go so far as to reducing the benefits of their employees in a legal manner, something that is no longer a new practice to majority of huge companies in the world.

Though that is the case, there are still a few companies out there that offer such flexible tax setup for their employees. Again, you just have to find them and you can look for that information on job boards, forums, or even on interviewers themselves. It's not an easy task, but it's worth the shot.
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Honestly, we have seen so many companies who fired tens of thousands of people all at once just because their quarterly results were bad, we have seen companies literally get rid of whole operations, just to make sure that they have a short term income to show for the shareholders. That is what matters for big companies nowadays, they only care to make sure that shareholders are happy, if you are making shareholders happy then nothing else matters at all.

Even small companies look at these big companies and try to mimic them, trying to just fire people whenever times get tough. The reality is that if you stick with your people when times are tough, then they will stick with you when the times are great and you will make a lot more money that way.
10  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 03, 2024, 12:33:53 PM

Many people will be alarmed by the decline of bitcoin but do not be that person and look at this as an opportunity. A good investor always finds an opportunity.

Absolutely, the new comers in cryptocurrencies market lose their confidence when they see Bitcoin falling 10% or more but experienced investors understand well that volatility of crypto market is it its inherent nature, and they consider it opportunity for accumulating Bitcoin on every significant dip to reduce their overall cost of investment, and ultimately book substantial profit in bullish market.
That is such a weak thing, I mean bitcoin always has ups and downs, if you lose your confidence in it because it went down 10%, how would people who has been here since last year, when it moved from 20k to 60k react? That's 300% increase versus 100% fall, I do not think that it would really mean that much.

The best way to go about this would be just assuming that you would not be able to make that much money, and just realize that bitcoin is the greatest asset that could make you profit more than any other asset in the world. Sure this comes with some volatility and you may not be always right about it, but realize that you are not going to end up with anything profitable if you stay away from it just because of a small drop.
11  Economy / Economics / Re: How safe is it to keep your money and gold underground? on: May 03, 2024, 11:40:26 AM
There's no one right now that would keep their money or any other valuable underground. The world is now experiencing more earthquakes, more flooding and landslides and other natural disasters than in the past. Therefore even if you think that is a safe method these natural disasters may come and  displace whatever is precious underground. There are hundreds of services that help people save their money for as long as they want and it will be safe. We cannot do without paying the fees. It is a must and that's what helps them to  keep the business running.
Yes that's right. Currently, there are many safest money and gold storage services because in my opinion, in the past, people used underground storage because these storage services did not exist or were even far from home, so people had the idea of storing money and gold in the ground. However, as time goes by, this method is very rarely used, especially if you live in an area prone to natural disasters, of course this method is not very suitable for storing all the assets we own.

So those of us who invest in bitcoin are lucky because saving bitcoin is very easy, you only need to save the seed phrase. As long as you keep your seed phrase, your assets will remain safe. And what's interesting is that you can carry bitcoin storage anywhere, even in your trouser pocket. It's different if you store gold, you need a container to store it and it's difficult to carry it everywhere. However, in essence it all comes down to each individual storing money and gold underground, only you yourself know whether it is safe or not because this all depends on the area where you live. If you live in the highlands, maybe this kind of storage is safe.
That was what they had to use, that's what they had, they didn't had any other option, which is why they used such a system and I can understand that, it makes sense, there is really nothing wrong with that. I personally believe that we are not going to end up with anything that would be crazy, we just need to realize that we can't make it work, we need to arrange a way to make sure that we know what we are doing.

I personally believe that the best way to go with this would be arranging a situation where you could put your money into somewhere actually safe, and in most of those cases the banks are the ones that you could trust, because there are very rare cases where banks can't provide you the money that you deposited them, and that rarely ever happens.
12  Economy / Economics / Re: We need higher wages off course but goverment need to do one thing on: May 03, 2024, 10:20:02 AM
Coming back to the abilities of different people, not everyone is ready for this change, so I think we have to prioritize ourselves to achieve it all without depending on the government or its policies.
And for food it also depends on our financial capacity to be able to fulfill it or not.
Well said, We should not depend everything to the government, what's more important is for us to gain more knowledge and experiences so we can have a higher pay. in truth, everyone can grow independently especially when it comes to career but are afraid to try and take risks because they don't have confidence in their abilities.
I do agree that government shouldn't be involved, but the be fair I usually think governments should not be involved in most cases anyway, I do not feel like they are doing anyone a justice by doing anything.

I am a liberal person who wants government to be out of everything, and I mean literally everything. Otherwise the more they are involved the more trouble it becomes and that would definitely be a lot more like communism, because in communist nations government is involved in everything and that seems like that's the biggest trouble we are seeing right now. I personally want to avoid that and want to live in a nation that's free and we can do whatever we want without government putting their nose into everything at all times in every subject.
13  Economy / Economics / Re: Surviving in this economy needs a new minds set on: May 03, 2024, 07:49:24 AM
They keep promising, but the results never match. Always the same cycle. Here we are, despite promises of improvement. Survival requires adaptation. The government has a strategy and enormous budgets, but inflation cuts everything. Every year, your hard-earned money depreciates. You have the right idea. We need new thinking, and Bitcoin helps.

Bitcoin's money philosophy is distinct. Its worth isn't affected by the economy or bad government actions. You own it. You run it, not a dubious bank. The topic is freedom, guy. Protecting oneself and constructing a future independent of others is wise and the only path forward in today's environment.
Government has one advantage that none of us have, they can find money when they need to and they do not need to worry about anything else. You can't print more money if you end up in debt, you can't tax others more and get their money if you need money, you just need to realize that we are talking about a situation that won't be all that simple, and in the end you are going to make some mistake if you are not careful. That is exactly what this means, you should be able to actually consider how you could make some money from this situation.

I personally believe that the best way to go with this would be just realizing that you are not going to make that much profit if you just keep thinking like a government because they have more ways than us.
14  Economy / Speculation / Re: Falseful speculations about bitcoin predictions and its halving on: May 03, 2024, 07:05:03 AM
My concern is that what would be the emotions of those Investors who speculated the halving rumours to had come and gone, are they feeling sentimental already to say that another halving has come just about last week we experienced the nomenclature of the expected halving?
To me what's best suitable for emotional stability in this bitcoin industry is that we should just invest as much as we can and forget about the predictions and speculations else we'd be ignite to fume our emotions to forces of disappointments.
I believe that we are going to see a lot more increases in the future, halving doesn't really make the prices go up a lot more quickly and a lot of people expect it to go up right away, that doesn't always happen and we should be considering the situation as something that takes a bit of time. I believe that we are going to see it change with time and we should be waiting for a few more months.

We should consider what we could make a bit more situation, like if we accumulate now then it means we should consider what we could make, accumulating it would make it go a lot better with time. I hope that people could end up waiting and not selling it, because last halving a lot of people sold after halving, thinking that was it, but at the end of the year price went up a lot.
15  Economy / Speculation / Re: When will the real bull run begin? on: May 02, 2024, 11:38:33 AM
You know it’s normal to feel that way since we are in all waiting to reap massive profits. But since we don’t hold when will be the final bull run, then hodling to its maximum level should be practiced, and should never worry if price correction is delaying our profits. Bitcoin price will eventually recover and move upward soon, we only need  to be more patient as much as we can.

For the meantime, it’s best to just focus on accumulating more bitcoin on our spare money. Bitcoin bull run will eventually come, even if it means taking a year before it finally hits the market.
Holding is a great thing if you are capable of doing, but the worst sometimes happens and that's just something we can't really get over. What is the worst? Well you are holding, and you are aware that you should be holding, and you are even willing to hold, but then you need the money for some emergency and have to sell and use that money, and you watch it go up. That's exactly what's going to happen to me and there is really nothing that will be doing all that fine for me, we just have to accept that fact.

I believe that we are not going to get anything insane, it is not going to be all that complicated, we just need to realize that things are what they are, and we are going to end up with as much of a trouble as we can sometimes.
16  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it time for Litecoin to shine again? on: May 02, 2024, 10:15:11 AM
Bitcoin transaction fee is already back to the level which is tolerable to send transaction without hurting your pocket. Bitcoin is now being use mostly for investment purposes and rarely for payment especially micro transactions ever since the fee gone high.

I doubt Litecoin can be a Bitcoin alternative since people purchased Bitcoin due to its price potential to grow due to demands. If small fee is being considered here for transactions then there’s a lot of altcoins that has a cheaper fee that perfect even for micro transactions.
The cost of us spending on transaction becoming cheaper, was the price of bitcoin itself, which is quite sad really because I rather spend a lot more money on transactions to keep the price high. I rather pay 40+ dollars per transaction to see bitcoin go back to over 70k again.

However, it is what it is and there is nothing that we can do, so there isn't really anything that we could take a look at and consider as a good thing, just let it be and we are going to have a market that will decide which one they will prefer. I believe that the price will go up eventually anyway, its not going to be that simple, we just need to arrange a situation where it will not be all that quick to sell, keep holding and we will do fine in the end.
17  Economy / Trading Discussion / Re: Invest To Learning First on: May 01, 2024, 06:49:33 PM
Reality is, there are more fake ones compared to those who are really knowledgeable and well-experienced about cryptocurrency or any other potential assets. This is why we need to be more cautious on trusting some consultants and don’t jump on believing everything they say. It’s still a lot better and wiser to gain your own research and studies so that you will be highly responsible on your own investment. They say your money, your rules, and your responsibility as well to provide a positive outcome of your own investment.
Well, the best thing to do is not to use their services. In fact, there are a lot of online tutorials and videos to watch, I believe this could be enough for us to learn. Besides, learning can be found more when doing actual trade which is why I could say that learning is quite expensive and sometimes we need to spend money for that sake. But not by spending it on signal groups and useless things.
Indeed, learning is our responsibility and the most important thing that we need to acquire first before making another move.
That is true, there are a lot of great free resources that you do not have to spend any money on anything about learning, there is really no reason to pay anyone who would like to teach you about it, because in the end what they are getting paid is not worth it since there are some great ones out there which are free. I am not saying that you will not spend any money, but at least not for learning resources.

You should probably consider that the best thing you could do in this case would be just focusing on how you could make money and this means that you are going to start trading eventually and when you do, first few months could be painful and during that time you could lose some money, maybe just keep it at that level instead.
18  Alternate cryptocurrencies / Altcoin Discussion / Re: Can i earn from NFTs and Game on: May 01, 2024, 03:32:43 PM
First of all, no, earning nfts isn't anything cool. 2nd, it's not unique, literally any NFT game advertises that they have a player-driven economy but they fail to provide failsafe for instances where the game economy could potentially slide down one-sidedly that it'd have no worth or value anymore.

Honestly think it's just another sht game that couldn't be released in the competitive market so they released it as an nft to have some chance lol.
That is %100 true, there isn't anything cool about losing money, and I honestly believe that the best thing we can do at the moment is just staying away from them, trying your best with this NFT and game BS projects will always end with you losing your money, there isn't really anything that you can benefit from that.

I believe that the best way to go with this would be just focusing on how you could profit with it as much as you can, which won't be easy but I think it is going to be quite easy to handle, that's what I hope will happen. I think it is quite obvious that things won't change all that much if you just stay away from them as well, not like there isn't any other opportunities somewhere else, just focus on those stuff when you want to make some more money and stay away from these.
19  Alternate cryptocurrencies / Altcoin Discussion / Re: Should the top altcoins now be ok that we are in bull run? on: May 01, 2024, 03:06:23 PM
Altcoins within the top 200 ranking is too far, I think you can trim it down to 100 or 50, to be near the top rankings that can have the most probability to bull in the alt season. We're not quite into Bitcoin bull run yet, seeing as it's price is still in dip, until it starts to surge, that's when the bull season will actually start, and it'll precede altcoins season, so we'll have to wait for months before that happens. So you can continue to buy your favorite altcoins before the alt season, also remember invest in Bitcoin, you can not go wrong doing it.
I would say top 50 is a lot better, sure that doesn't mean whatever 53rd at that time can't be included, but it also means if something is 68th then I would probably stay away from it unless something major happens.

I once invested into something that was in 200's range, I guess 220 or something, which is something I never do, and I once invested into something that wasn't even in top 1500, it was like 1600th or something, in those very very rare situations, investing very small amount into it definitely was the right decision because both made me money but I knew what I was getting into, it was right on the verge of something big, now I am looking into it and I can say that I will probably not do that again. What I suggest is staying within the top 50 in general.
20  Economy / Gambling discussion / Re: An aggressive gambler irrelevantly easing his Irresponsible gambling manner. on: May 01, 2024, 10:16:32 AM
Someone betted on boxing and lost the game but the gambler out of grieve of his lost is trying to ease his emotion Said, It is okay as it is for at least the guy I betted on made me lost the game but had unfortunate for him too to had taken beaten of his life.

I think such is and aggressive and irresponsible gambler who gambles on the peak of what he can not afford to loose.
Different people would do different things to ease their pain after losing a bet in gambling, this is just one way for a gambler to do it. There is nothing wrong with it because they are not blaming the person or the team for making them lose, but they are trying to console themselves by thinking that it's okay if they have lost because even the team or the individual they had their bet on had lost and their loss probably has more significance than theirs.

That being said, a gambler, even if they are involved in sports betting, should be moderate with their bets so that they don't lose a lot of money in a single round and have other opportunities to win and recover their money back. Losing is normal in gambling, but losing a lot of money isn't normal.
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