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141  Economy / Gambling discussion / Re: Does it looks responsible as woman telling husband you gamble? on: April 05, 2024, 10:29:55 PM
What you said shows that you have been involved in gambling for a long time before you can practice such principles. It's not easy, especially for a woman like you. But I am wondering  that you have been involved in gambling for so long and your husband still doesn't find out?

Your gambling now may be your personal hobby, but we won't know for sure if this hobby will have any impact on your family's finances in the future, right? Therefore, it is necessary for you to let your husband know about your gambling.
Share honestly and I believe he will understand and may even be happy that you were able to participate in gambling in such a disciplined way. Who knows, maybe you and he can participate in gambling together. Grin
Gambling is not actually need to be hidden, or keep it as a secret, as long as you are doing it for fun and just a side income, without compromising your finances, then that’s good to tell. Your husband might understand your purpose most especially if he is also a responsible gambler. But if he is on the other side and treat gambling negatively like how others are seeing it, that would cause a little problem. That’s why you have to be honest to him as earlier as now, so that whatever your reason why you are in gambling, he will clearly understand it without doubts and hesitation.
142  Economy / Speculation / Re: Will BTC dip again? on: April 05, 2024, 09:58:41 PM
I believe that these drops are fine and won't matter that much, we are probably going to see them do a lot better with time. This doesn't mean that we are going to make a ton of money, but the way we are looking at it, we should probably see it do differently eventually.

Just because it had a small drop, doesn't mean that it will keep being terrible, I bet that we are going to do a lot better with time, we just need to do a bit better for a while, and need to be patient about the price as well. I know that it is going to take some time to get there, but when we finally start the bull run I bet you that we are going to end up with a greater return. I hope that we could see something that could finally change and the price will skyrocket.
Dips are actually normal for bitcoin, but if you wish to see bitcoin getting $50k price or lower than that before you decide to invest, I guess you are not trying to maximize your profits in the future. Don’t wait for bitcoin price to drop that low as we are still not sure if it will bound to happen soon, but one thing is certain, if you invest at the current price and continue it with DCA and hold them for quite long years, you will earn massive profits in the future bull run, but probably not this year’s bull run.
143  Bitcoin / Bitcoin Discussion / Re: Would you advise a friend in the same way? on: April 05, 2024, 09:33:29 PM
Or am I wrong? I need to know if this advice is a good one or a bad one, I gave him this advice because we are very close and also because I will do the same thing if I am in his shoe, this is the best thing i can think of right now.
It can be a good advice, but it is not good to give financial advice when not asked. Financial advice is not what you give to everyone especially friends because it can ruin your friendship if this advice leads the way of the downfall of the business, and also because you are not professional. Do not give financial suggestions to people unless they ask you for it, and even when asked about it, always be sure to add a warning to them to not follow your advice without trying to do their own research.  
Yes, it can be certainly good but a risky one. There are still no guarantees that if you invest in bitcoin, you will end up with significant profits, that only happens for those who have been hodling their bitcoins for too long, probably 5-10 years without having an attempt to sell them earlier. Now, I don’t think that long term hodling will be applicable to the company funds because I believe, those funds will serve as a back up for the company in case some budget shortage will occur, and if you invest it into bitcoin, you are already defeating the purpose of that money stored in a bank.

He can actually invest using his own funds, at least if he lose partial of his funds, that won’t be an issue since it won’t compromise the company funds.
144  Economy / Trading Discussion / Re: This bitcoin bull market isn't over yet ! on: April 04, 2024, 11:59:25 PM
Yes, bitcoin bullish market is not over yet. In fact, we are still starting to see what a bullish market looks like, most particularly for those who are new in the market. And because of that, everyone is expecting bitcoin to reach a significant price despite of its price correction that is still happening as of now. But we all know price correction don’t last, and it’s only here temporarily as it’s also part of a crypto market. However, the most important thing is we have upcoming bitcoin halving and bull run which both promote positive scenario for bitcoin. So let’s root for it.
We are still experiencing a bullish market until now, even if some price decline is still visible. The moment bitcoin has crossed over its last ATH, that seems the sign that we are already entering a bullish market. And until we are not seeing bitcoin price dropping below $40k or $30k, I can always say that this bullish market isn’t over yet.

Furthermore, bitcoin halving is due to happen this month so there is more reason that we should anticipate positive price for bitcoin that makes it more bullish for the market. Never mind the price correction, as it’s only here temporarily and will be gone soon once bull run finally enters the market.
145  Economy / Trading Discussion / Re: How to handle emotions when you lose during trading. on: April 04, 2024, 11:32:37 PM
One of the ways to handle emotions is to go and leave trading alone after a bad lose maybe for couples of days for one to get themselves. Trading van be rewarding and also devastating especially when the opposite thing we are expecting finally occurs.
It is good we always relax and make plans so that we can benefit from the trading. Trading is not always about looking the market charts but also having a time to relax and have fun forgetting about anything trading.  We need to have time for ourselves as traders.
No one is capable enough to make such consistent trading without facing some inevitable losses. Even professional traders still lose in trading, so how much more for those who are still learning the process. Now if this happens, don’t resort into overtrading just to keep the trading urge, but make time to relax yourself from trading. This is the only effective way not to fall on mental health issues because of consistent losing. Manage your trades, as well as your emotions when trading. When you have high emotions, stay away from trading in order to control your losses if ever.
146  Bitcoin / Bitcoin Discussion / Re: Crypto or Real estate on: April 04, 2024, 11:00:16 PM
Comparatively, the difference between real estate and Bitcoin is that of the difference between six and half a dozen.
Both investors are profit conscious: the bitcoiners anticipate a bull run in every four years of holding, that of the realtor; the value of assets/landed properties appreciate overtime.
In terms of the lose associated in Bitcoin and real estate, I'll say the difference is that of the difference between matches and lighter.
The Bitcoin is a volatile market and decentralized, no one is held responsible for any illicit act.
Real estate on the other hand is centralized which its profits and activities is controlled and regulated by a body of authority.
Both are good and profitable investments. However, one should not decide to engage in something that he is not knowledgeable or familiar about the investment. Investment has certainly its own risks, and risks are said to be managed and overcome, so if you know nothing about your investment, you will never gain its advantage and won’t never be profitable in the end.

While crypto gains the highest ROI, particularly bitcoin, but always know that it’s also risky and prone to losses. Same with real estate, if you are not inclined to it and have no clear strategy to follow, you will still end up losing your funds. Just take extensive research first and know your capabilities to invest. That way, you can evaluate yourself as to what investment you mostly prefer to and more capable to.
147  Other / Off-topic / Re: The challenges of protecting children from gambling on: April 04, 2024, 10:47:01 PM
Gambling is definitely not good for children, that is why there is age limitation in virtually all casinos. Unfortunately, children are becoming too smart and inquisitive, so I was just thinking about the possibilities of protecting children from getting involved in gambling. My worries was increased by the fact that there are physical casinos and betting shops(as they are called in my town) in many streets with big signboards. Children passes these places and some parents do stop by with their children to place a quick bet. Is there anything that can be done to protect children from gambling with reference to physical shops that they see everyday?
First and foremost, parents should serve as role models first. If they can’t stop theirselves from gambling when they are with their children, then they should expect in the future that their children will also be gamblers because they were exposed into it an early age. Second, the government should strengthen rules about gambling casinos that can be seen by children. It should be moved into closed areas, so that it won’t be seen by these young minds, and set an age limit so that these children will be prohibited to gamble.
148  Other / Off-topic / Re: Gambling addiction is not about the money you could win; it's about the "win" it on: April 03, 2024, 11:38:05 PM
When I started gambling my mindset is solely about winning some cash to better my life but the more I gamble, the more that idea shifts. The money no longer satisfies my initial goal but the idea of winning does.

But even with those ideals in play, why would a millionaire start gambling in the first place?  

so why would a rich athlete or politician become so addictive to gambling?

I think socialization+joy+drinking+gambling is satisfaction to them. What do you think?

The reality is that most gamblers, and specially the most addicted ones, are usually people without much money to begin with.

Most millionaires would rarely gamble. As you mention, there's little point for them to do that.

They can instead enjoy many other activities with the money they have.

Gambling is basically paying for chasing the fantasy of becoming a millionaire, which they already are.
I have to agree on your point. While gambling also entertain us, but majority still gamble to make money, and you won’t expect for millionaires still aim to make more money as they have it already. So what they are looking for is purely to have fun and relieve theirselves from stress, and once they get over it, they will not gamble more often, hence they are not prone to addiction.

But for low income earners, they gamble to make money. But the more they gamble, the bigger the losses they’ve been acquired. Eventually, if they lose their self-control and discipline, then gambling addiction will follow.
149  Other / Off-topic / Re: Gambling kills the fun in these two cases on: April 03, 2024, 10:57:42 PM
Do not make gambling your only source of income or your only means of entertainment, as this will eliminate the first goal of gambling, which is pleasure.
My take on this is to not make gambling your source of income at all. Gambling is too risky to be made a source of income. People that are making it a source of income are failing as they lose more than win.
I guess only jobless and less fortunate people are seeing gambling as a source of income, as the others are still seeing gambling as a means to make fun and at the same time hoping to make such decent winning amount. However, even if you are seeing it as a source of entertainment, eventually it will still lead into addiction later on. This is already proven by everyone, except for those who only gamble when they have spare money to bet.
150  Economy / Speculation / Re: Your educated guess on BTC price at the end of 2024 on: April 01, 2024, 03:58:49 PM
At the end of the day it’s just a guess. No matter how much study and research you do to make the guess, it’s impossible to predict accurately. I have been following bitcoins from many years. I have seen Bitcoins follow a 4 year cycle to reach ATH price. Now as the ATH price is achieved, hence some correction in the price is expected. Hence, I am assuming Bitcoins will lie in 65k usd range at the end of this beautiful year.
My guess is more than that. I think bitcoin will end at its price around $75k to $80k but I’m still hopeful that it might somehow achieve $100k. However, if bitcoin will face some negative news in the market after bull run, then the possibility to drop again its price is really high. But whatever it is, bitcoin will still move on its own way and will progress gradually on its own.

Predicting is never hard but making an educated guess or let’s say an almost correct prediction is never easy at all. In fact, no one can predict the price of bitcoin correctly since all we have right now are just pure speculations and predictions.
151  Other / Off-topic / Re: Who does gambling addiction affect the most? on: April 01, 2024, 03:45:35 PM
The results of the poll is almost 50-50 now. But I believe there's no need to ask this as it is of course very obvious that the gambler and his immediate family are the ones who are directly affected by his gambling habits. Or if the gambler is not living with his immediate family, the people affected are the ones who are living with him because they can see or feel directly what he is going thru. The emotional roller-coaster ride alone will have an impact on the people living with him.
There are no effects of gambling for people who are living with the gambler but aren't directly associated or dependent on him which means that if they share a house or live together but don't take care of expenses mutually or have anything shared that involves finances. So, even if the gambler loses everything, they won't get affected by it because then it will be the responsibility of the gambler to take care of himself.

However, you are right that the direct family will get affected by gambling because the gambler is person who needs to take care of the family and to provide everything they need. So, if the gambler is losing everything on gambling, that will cause problems for the family as well.
I have this opposite opinion based on the given question. I think it’s not the gambler itself that is affected the most but most likely his own family that he is living with. Let’s just say that some addicted gamblers find it hard to admit to theirselves that they are already addicts. They will say they are still gambling at their own risk. As a result, they are blind with the effects that those addiction creates, and their immediate family will be the one to suffer the worst effects.

However, once they start admitting that they really are addicted already, that’s the only time they will feel the effects being an addict. This is why it’s better if they could admit early so that their addiction will be immediately addressed and will be given therapy for their own healing.
152  Economy / Speculation / Re: Bitcoin way forward - Towards $100k or $50k on: April 01, 2024, 03:22:06 PM
In last two week we have seen a fluctuation in the price of Bitcoin as at one point it looked like it will drop to $50k

I'm not sure a drop back to $50k was realistic, actually a big drop back to that was
more of hope by some.

The general thinking/expectation/consensus is that we are really heading in one
direction and thats further away from $50k. This current Bitcoin phase contains
the halving, its a bullish season and coupled with the number of ETF's will
only amplify that, so yea $100k becons.
I have this feeling that the price will no longer drop to $50k or below, but will stay on $60k range for now. But eventually, as we are fast heading to bitcoin halving, we will expect a higher price than the current price right now which is around $68k. If I were to speculate, I would say the target will be $100k above, which I find it more reasonable because aside from the ETF approval, bitcoin price may surprise us again by doubling its price just like it did a while ago.

I believe majority are optimistic about bitcoin price, but if the market won’t allow it and drop below $50k instead, then we’ll have no choice but to take advantage another opportunity again to accumulate more bitcoin and continue with DCA.
153  Economy / Speculation / Re: Is the current bitcoin bull run confirmed now ? on: April 01, 2024, 01:59:11 PM
Certainly we are now in the bull run, but the uptrend has multiple levels and not just one level. I expect that we are now only at the beginning and there will be more new levels in the coming periods.
 
What happened in the market this cycle was a surprise to everyone because no one expected the rise before the halving, but because of the ETF this sudden rise occurred and therefore it can be said that this cycle will be different from previous cycles and no one can predict whether this rise will arrive and how long it will last.
I have to agree that bull run has already begun. Bitcoin surprisingly doubled its price when we least expect it and from there, bitcoin price continued to surge while mixed with some slight price correction. Of course, price correction will never be out of the picture since it’s still part of bull run. But one thing is certain, bitcoin price will definitely surge high after the whole correction is over, and that’s when final bull run enters the market.

And most probably, by the end of the year we will achieve bitcoin’s new all time high. We may not correctly predict the price, but definitely its above $150k or even $200 above.
154  Other / Off-topic / Re: No interest in gambling if there is no profit or fun to be accountable. on: April 01, 2024, 01:38:29 PM
Why would you engage yourself in a game that will not be entertaining, whatever game that you are using to gble should be a game that you love so that you can have all the fun, even when you win or lose. I would not play in a casino with boring games, or games that are not of my interest, so that I don't feel bad when I lose.

If a casino does not have the game of your choice, you can switch over to another one, so that you can enjoy the vibes of gambling.
Its certain that you will definitely lose in gambling, but gambling on the games that you’re not interested at all, that’s just a waste of money and time. I do gamble and lose at times, but since I already understand how gambling casinos work, then I have no choice but to accept my losses. However, the good thing is, even if I lose my expected profits, I still gain the fun and enjoyment I’m looking for. So most probably, a win-win game.

It’s a different story when you are gambling in those games that you’re not even attracted to. While it’s clear that we will end up losing the interest to gamble if we consistently fail to gain profits, but that’s gambling, where losses are high compared to our profits.
155  Economy / Speculation / Re: Bitcoin breaks 2021 ATH and hits $71k! on: April 01, 2024, 12:58:19 PM
As Bitcoin smashes its previous record highs even before the halving, it's a time of excitement for many. But let's not get too carried away. With the market becoming more unpredictable, we need to tread carefully. Some big players, like investment funds and ETFs, seem to be buying up Bitcoin aggressively, possibly to create scarcity and drive prices skyward. While this may seem like a good thing, there's a chance it's all part of a larger game they're playing. We need to keep our eyes open and not be blinded by the euphoria, as the market might have some surprises in store.
Exactly, don't be too greedy dealing with the market right now because it's unpredictable after all and anything can happen.
We are now back at $70k mark but that doesn't mean a continuous up trend because we might still see volatility and price manipulation.

Right now, what you can do is to observe and do your own research first before making any action, dealing with Bitcoin right now is very risk because of its expensive price, not unless you're playing long, then considering its price right now, it is still a good one.
Bitcoin is currently priced at $69k again and it could even drop a little or increase again, no one’s can assure where it’s actually heading. But one thing is certain, bitcoin price will always surprise us with its new ATH in its perfect time. For now, just manage its usual price fluctuations as we can’t actually stop bitcoin from being volatile.

However, despite of its high volatility, I am still optimistic to see its price consistently surging high just before halving. And since we are almost near for bitcoin halving, the price movement of bitcoin makes us more thrilled and excited. I guess everyone is.
156  Economy / Trading Discussion / Re: Growing Account Size on: April 01, 2024, 12:37:10 PM
A good trader should not use leverage. He should use future trading for long and short with no leverage. Although, for coins like bitcoin, 2 to 3x leverage is not too much but I prefer not to use leverage.

A good trader should use averaging. This is a good strategy than leveraging. Averaging will help in risk management.

A good trader should not be greedy. I have been greedy before and end up losing. One of the greed is to have in mind to win $10 daily but when you make it easily in just like 20 minutes, you will think to open another position and that is not good. Another greed is when you are winning already and not closing your position.
Using leverage may not work for less experienced traders, but most probably, it will work for professional traders. They know how to determine if the advantage is clearly on their side, so using leverage might serve as their edge. However, in general, using leverage is highly risky and dangerous. So if you think you can’t beat or manage its risk, then it’s safer not to trade with leverage. Instead, use trading average wherein you can clearly manage your risk from losses.

A good trader is more of a knowledge seeker and prefer to be more analytical. Hence, if you don’t have qualities like this, you will find it hard to be a good and reliable trader.
157  Bitcoin / Bitcoin Discussion / Re: Profiting from BTC: just luck? on: April 01, 2024, 10:57:31 AM
They treat investment as the same as gambling. Mostly this happens to those investors who have only heard that they should start investing in Bitcoin to earn money. Without knowing the risk and how they can really make money by investing. In the end, they will decide to sell their investment as they don't see any growth with the money they put as their initial investment.
If they treat their investment as gambling, we can not consider them as investors but they are actually speculators in this market only.

They have money and they spent it to buy Bitcoin but they don't plan to stay in this market for a long time, don't plan to hold their bitcoin too long. What they thought before spending money is profit. They believe buying bitcoin will help them to get profit, get rich, quickly. They believe they can exit the market quickly after entry because of positive speculation on uptrend.

Worse they can use leverages to maximize their profit but leverages bring bigger risk, not bigger profit.
Bitcoin investment is more than just luck, sufficient knowledge and the ability to analyze the market well are a must. Otherwise, you will end up investing like gambling, wherein you lose more, more than the profits you’ve gained. But if you invest in bitcoin because you have faith in it and that you plan to invest for long term and not expecting for quick profits, then you are doing the right thing. While bitcoin investment involves a higher risk, but you can always manage or even lessen its risk if you are knowledgeable enough on the type of investment you are entering.

However, it’s undeniable that we also need luck at some point for our investment to work and prosper. It’s just that having the right decision making and more logical thinking are more crucial than just having luck.
158  Local / Pamilihan / Re: Gambling winning streak on: April 01, 2024, 10:37:45 AM
Swerte mo naman kabayan, 1 week? Ang haba na niyan.  Matanong ko lang, ano bang game/s ang nilalaro mo?

Sa akin kasi, mas gusto ko now ang sportsbetting kasi naaliw akong manood ng sports, pero sa winning streak naman, nasa 5 days lang siguro yun, pero nasa 5k per day lang, or $100 kasi crypto nga. At ayon, matapos kung ma experience ang winning streak, losing streak naman ang kasunod.

Kaya maganda yang ginawa mo kabayan, habang hindi kapa naka pag experience ng losing streak, tigil ka muna tapos enjoy the winning lang..ito lang, baka mga ilang araw after this post, ma ti tempt ka naman mag gamble, basta control lang talaga, masaya ang win streak pero yung losing streak paghandaan  mo yan kasi stressful yan talaga.
Mas malaki ang pag-asa mo kapag nasa sportsbetting ka lalo na kapag paborito mong sports ang nilalaro nila kumpara sa slots or dice na nasa house ang biggest advantage. Kahit ako medyo swerte rin ako sa sportsbetting kasi naranasan ko ring manalo straight ng 3 days pero yun nga lang medyo di masyado kataasan ang napanalunan ko pero okay lng at least hindi talo.

At tama ka kung na e excite tayo kapag may winning streak, kakabahan naman tayo kapag darating ang losing streak. Kaya mas maige kapag tuloy-tuloy ang panalo mo, pahinga ka muna at iwas gambling muna baka mabawi lang lahat pati capital mo, sayang naman. Masaklap pero yun talaga ang katotohanan ng gambling. Kaya tamang gambling lamang para walang sisihan sa huli.
159  Economy / Speculation / Re: My instincts on the value of bitcoin from now to halving on: April 01, 2024, 09:58:39 AM
I don't mean to predict the market cap price but my conscience whispers to me that the current rise up again or bitcoin would be the last rise before halving.
As at the time of making this thread,  the price was $70K + which we're aware that it formally broke its ATH even when itsy not yet at the bull run before it depreciated again but my instincts is whispering me that this current up rise again would be the last rise before halving.

Do you have some psychological intake or some personal opinion in related to my emotion?
It doesn't really matter if it's going to be the last up before the halving. The market has been moving from time to time and this halving has got a deadline for this upcoming month of April. So what's next? That's the question probably on your mind and halving isn't the last day of Bitcoin and it will continue to go on no matter what happens. What matters is the long term effect of the halving and not before it happens. That's why there is no need to stress yourself out if you're also waiting for the halving, so take your time and relax and let Bitcoin do itself and move on its own course.
I guess no one actually holds the future price of bitcoin, whether this could be the last rise or not, we will only know once we get there. But to be honest, I still have high hopes that bitcoin will rise more even before halving. It could hit the price above $71k but probably lower than $75k, but if it will go beyond that, then it would be a lot better. In the end, what matters the most is how far this new all time high will be and we will know that when final bull run comes.

Bitcoin halving still creates a positive effect for its market that will lead to its bull run. The reason why it’s still crucial to reach an impressive price even before or after halving.
160  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 01, 2024, 09:34:49 AM
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?

It is clearly proven that gambling is not an opportunity to make money but only to lose easily and quickly, but many people are very interested in playing there, in fact they do not hesitate to spend large amounts of money if gambling has entered their lives. thoughts then they will lose control and can gamble excessively.
And people who are interested there must have strong courage and patience because they must be able to accept all the risks from the gambling they do.
It could be an opportunity for some, most particularly for those who are doing livestreams with gambling. In fact, it offers a huge amount of money compared to an 8-hour day job. However, if you are gambling in casinos with the purpose of making money, I swear you’ll only end up losing them except for those days you feel very extra lucky. But luck only happens temporarily, after that once you’re out of luck, expect that you will experience consistent losses then.

This is the reason why gambling should never be an avenue to create an income, it could be for fun and pleasure instead. But still, even if you treat it as source of fun, you are still prone to addiction once your gambling urge becomes uncontrollable anymore. So gamble only at your own risk.
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