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Economy / Economics / Re: How do you deal with financial stress?
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on: September 25, 2023, 05:57:16 PM
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The thing is one way or another the stress of not being financially capable is going to catch up to you. The only real thing you can do about this is give yourself a breather every once in a while, congratulate and reward yourself with a whole day or week of not minding your financial woes, just like what a couple of people in here have said. It's also important that during these times of recuperation when your mind is at the most clearest state it can be, you'd have to actually formulate plans and find the root cause of your money problems, you should be able to pinpoint it by then, and create a plan that would solve this issue for good so you don't have to stress yourself over money anymore.
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2
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Economy / Gambling discussion / Re: [WARNING] Crypto casino scam on teh move again.
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on: September 25, 2023, 05:46:13 PM
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Never leave your common sense behind when you're gambling, that's the general rule.
You're at a very disappointed state and some shady man in black robe approaches you, this isn't DND and you're not getting any form of power from following him, at best you're going to get looted. So it's always best to stay vigilant and not let your greed take over your mental. Once you let it take you down, you're done for.
If it's too good to be true, it most likely is, a casino exploit? Given for free by someone you barely know over the internet? That's just a great example of that! Keep your wits about you and don't gamble belligerently, don't be stupid.
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Economy / Trading Discussion / Re: Trading Psychology and tips
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on: September 25, 2023, 05:37:46 PM
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Interesting but what would be more interesting would be to know for sure if you really are a trader and also one of the few who earn money in the long term, because what you have written can be done by gathering information on the internet and some experience in trading but without being a consistent winner like the vast majority. Seeing the few posts that you have written in this section since you registered and that in none of them you talk about specific trades or put charts, I think it is the latter.
Is there a technicality you need to fall under for you to be considered a trader? As far as I know as long you have made consistent trades or have traded for the most part of your investment journey you can be considered a trader right then and there. Gathering knowledge is just part of the process, it's not the result itself, simply earning or doing a single trade doesn't make you a trader either since I bet everyone here has made a single trade at least once in their life and they don't go telling everyone they trade crypto. Just as long as you're in this industry for the sole purpose of earning money through trading currencies, you're considered a trader, no other technicality or rules to follow to be recognized by everyone. I don't think it's as important as a lot of you guys are trying to portray especially when the very topic is all about the Psychology of trading |
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4
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Economy / Economics / Re: I wonder if food prices in your country have also increased?
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on: September 25, 2023, 05:23:34 PM
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It certainly did. Fast food here was so cheap back then it was a perfect alternative to a full meal if you're low on cash and short on time. Nowadays you'd be lucky if you're able to spend less than 2 dollars which mind you is already a big amount of money for the majority of people from where I live. Not to mention the price of goods too, Jesus you'd be able to fill up a grocery cart to the brim in under 60 bucks back then, now you'd be lucky to be even be able to fill your shopping cart halfway.
Things have been progressively worsening over time and we don't see any signs of it ever recovering any time soon.
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5
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Bitcoin / Bitcoin Discussion / Re: Borrow to Buy Bitcoin is Not Advisable.Consider the Factors Before Doing That.
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on: September 25, 2023, 05:09:32 PM
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I say borrowing money for investment has its perks and caveats, and it's certainly not for everyone, let alone people who cannot afford to lose more than what they already have. Rich people and those who are above the poverty line are able to take up loans to support their investment ventures, why? because they can afford to lose it all should things go south. What they do is take up these loans, and be approved for it cause they have good credit standing and the banks trust them, invest their money and pay the bank right away with the capital once their investments start to pay off. Essentially this makes them earn money without having to put up a cent to the table, pretty genius but certainly risky.
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Bitcoin / Bitcoin Discussion / Re: How to keep safe the mnemonic phrase - Whats Your method?
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on: September 25, 2023, 04:59:19 PM
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To me, the safest method of securing your seed phrase is anything that doesn't involve saving it in your email or facebook or any social media account for that matter. Securing your seed phrase involves making sure that there's no risk of you ever sending it accidentally to someone else, or even the prospect of getting hacked and risking giving access to other people.
So do whatever you think is safe. keep it to your person through a paper wallet you keep in your pocket, use a trezor, make a hardware wallet using your hard disk, whatever really works for you as long as the premise is that it's shut off from the internet, and only you could gain access to it.
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Bitcoin / Bitcoin Discussion / Re: Did anyone notice this pattern?
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on: September 25, 2023, 04:45:28 PM
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There's a clear pattern behind bitcoin's rise and it always comes after a halving, and a massive news/desirable trend or update about bitcoin. First it was ICOs, and then DeFi, last 2020 NFTs took the stage, and in 2024 if we're to expect another ATH it's possible that we're going to experience another trend in the cryptocurrency world that will most definitely die off in the next couple of years, to be superceded by another more valuable trend in the future bull run. It's always been like that for cryptocurrencies, not that it's a bad thing mind you.
I don't expect bitcoin to right away shoot up in value after the halving comes, there has to be a new trend that would come around and it may even take the whole year before a massive change in bitcoin's price to even arrive.
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Bitcoin / Bitcoin Discussion / Re: What is the feature of Bitcoin?
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on: September 25, 2023, 04:27:35 PM
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Bearish prediction despite the fact that there will be a halving coming around next year. You have to take into account that predicting has to have some form of information to back it up as well, this one's predicting for the sake of predicting in my opinion. Bitcoin Will Never Be $100,000
What makes you say that? Any form of context to give us people who are quite appalled at the notion that bitcoin will never be 100k when 3 years ago it was almost at the verge of doing so? Shitposts like these are so funny but at the same time tiresome cause I know for a fact you're doing this to cop a reaction from us, but at the same time I can't help but react cause jesus christ you guys are so weird. |
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Economy / Economics / Re: If They Can Pay off their Debts, Why Don't They?
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on: September 25, 2023, 04:19:50 PM
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The thing about debt is that it's not as easy as just taking it up or paying it off. There's a lot at play when it comes to these things. For instance, paying it off isn't as easy as just sending them money via bank transfer or whatnot, and most often due to the nature of money the ones who were paying it off will always going to be at a disadvantage, which may lead them into taking up another loan anyway, so instead of actually just paying the loan off and then taking up another loan in the process what they do instead is just rack it up with a collateral in exchange should they default, and when things go sour they can take what's set as the collateral and go from there. It's a pretty convoluted process and there's a lot of stuff that goes on with paying loans when you're a large scale entity like a country.
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Economy / Gambling discussion / Re: Casino features you like and Don't like but you don't mind
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on: September 24, 2023, 11:12:36 PM
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I don't particularly "like" or "hate casino features, but what I do have are features that I want to see more casinos doing. First off is superb customer service. As of the moment no casino's got an active customer service center where users can call and reach them without the delay or hardship that comes with it nowadays. A call hotline, text center, and something along those lines will actually be a nice pace of change they can take.
Another will be better ways to secure a customer's account. I don't mind KYC, and in my opinion, while it's not the best way to secure your account out there, it's not the worst either. However, at some point casinos must realize that there are ways to secure a customer's account without jeopardizing their identity. So a better security measure than the common KYC must be available for the taking out there.
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11
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Economy / Gambling discussion / Re: Is gambling all about luck?
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on: September 24, 2023, 10:35:58 PM
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They wanted it to be at the very least. Saw a lot of casinos and gambling sites banning people from using strategies and techniques that will give them an edge over the house, especially with card games like poker and blackjack. Some just refrain from offering these games and stick to the chance-based games like dice and slots since those rack up money for the casino too and doesn't come with the suspicion that they are being caged to play few games, and in my opinion, this is alright.
Gambling, as much as you argue, doesn't present itself as a get-rich quick scheme. It's more of a "get-rich quick if you're lucky" scheme, and involving skill into the equation disrupts that necessity for luck to intervene.
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Economy / Gambling discussion / Re: [Warning] Don't share your casino account!
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on: September 24, 2023, 09:36:10 PM
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The first red flag out here is the fact that they are messaging you out of the blue. Most people, especially those who are already doing alright on their own wouldn't message you for anything, unless they gravely need you to do something for them, like work or something. In this case they are luring you out in the open so they can scam the hell out of you. It also puzzles me how they were able to discern that you are a gambler. Most of the time, save for the occasional hit or miss adverts these bots won't bug you if you're not into some sort of shady telegram group. If you're in a group and are experiencing that kind of stuff especially on a regular basis, you have to message the admin of that group to do something with bots.
The fight against these bots start with having the common sense to tell between a real deal or a fake one. Do yourself a favor and make sure you don't fall for exploitative stuff like this again by arming yourself with the proper knowledge.
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Bitcoin / Bitcoin Discussion / Re: Will the SEC approve BTC ETF in the coming 23 days?
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on: September 23, 2023, 09:41:01 PM
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At this point I just hope Gary Gensler finds himself choking to death on a fat piece of salami.I’m not so hyped about the Bitcoin ETF since I’m against large-scale companies buying off large portions of bitcoin from the public but this motherfucker right heee is making it so hard for cryptocurrency platforms and enthusiasts to operate and for what? To stroke his flaccid ego.
He’s baselessly cruel and this show of power is not needed let alone not welcome in the industry. I really hope he gets replaced soon cause he’s not even an effective SEC chief to begin with.
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Bitcoin / Bitcoin Discussion / Re: What Do you think Satoshi Would Think About Today's Bitcoin?
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on: September 23, 2023, 09:05:54 PM
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You’re thinking inside the box my friend. What you fail to consideris that, despite the large amount of entities and corporations huying bitcoins as security asset, it’s still pretty much decentralized. We still have the power over bitcoin. One well timed mass dump of bitcoin over a short period of time and you’ll see these companies selling their bitcoins as fast as they bought in.
Chillax and don’t be scared just cause companies buy bitcoin now. I think we caneven assume that this massive upgrade from bitcoin being a measly coin with little to no value back then, Satoshi will certainly be happy and proud.
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Bitcoin / Bitcoin Discussion / Re: Bitcoin Gives the poor an Opportunity.
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on: September 23, 2023, 08:44:28 PM
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Every other investment I know requires you to have a lot of money before you can make a reasonable profit. The most popular forms of investment are stock trading and real estate and it's quite expensive to go into. For you to buy these shares and make a good profit you have to have thousands to tens of thousands of dollars. Not to mention that you need to have a deeper understanding before you can stand a chance to make it in stock trading. Some might argue that you can buy fractional shares with the amount you have. According to Stach these are a few disadvantages of fractional shares. Limits on when, how, and what you can sell
Fees for trading fractional shares
Lower dividend income and profits
Lack of stock voting rights
Risk of illiquid shares that are difficult to sell
Tax consequences when changing brokerages
This shows how the game is rigged against those who don't have enough money to spend on investment. I can't say Bitcoin levels the playing for everybody but it gives people an opportunity to have an investment. People that ordinarily wouldn't have been able to have any investment at all. With Bitcoin, you can just buy with any amount you have and sell whenever and however you want. I for one wouldn't have had any investment at this point in my life if not for Bitcoin. For the record, I'm not against investing in other things, if you have the money to invest in other things then by all means please do, but if you don't have it, it's best if you stick to Bitcoin. And if you'd like to know more about fractional shares, and invest in them, you can start researching here Forbes. Some people frown at the fact that Bitcoin is being termed an investment because Bitcoin was created to be a currency. They feel Bitcoin might lose its nature as a currency if it continues being an investment. I don't agree with that, but I respect their opinions. Bitcoin can be both a currency and an investment Not trying to sound so out of touch or whatnot but as someone who lived out of poverty and came up successful thanks to investing and crypto, capital is going to be the least of your problems. Compared to actually planning out an investment strategy, fighting FOMO and FUD whilst your assets fall in value, and even the dreaded bear season where not even the strongest currencies are immune to price decline, not having enough capital to start your investments is just the tip of the proverbial iceberg of your worries. Finding the money to begin your investment journey with is easy, actually sustaining it through the whole journey is a differrent story. |
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Economy / Gambling discussion / Re: What are some good, trusty casinos that support crypto as payment?
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on: September 22, 2023, 10:56:12 PM
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Btcgosu is supposed to be a treasure trove of trusted gambling casinos that dabble with crypto. Use that to choose which casinos you'd place your trust in. Don't ever choose trust pilot cause I've been hearing rumors about it being rigged or something along those lines, and while I usually don't think of this as enough grounds for condemning a business or a site, when it comes to spending and finances you can't really gamble it out. So might as well keep yourself safe from it and not take your chances.
Coincidentally, you can also use the forum as a baseline for which casinos to trust or play with. Generally casinos that are active here and are with announcement threads like Stake.com or Duelbits are good sites to visit, explore the forum and see which casinos fits your play.
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Economy / Gambling discussion / Re: Free spins are also a demo in disguise?
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on: September 22, 2023, 10:13:37 PM
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I don't think it is "demo" per se. If we're going for the technicalities, Free Spins aren't considered as demos cause for it to be a demo first and foremost, it has to be free, no charge, and you can cancel the service at any time. Free Spins come when you buy spins, and are literally just BOGO bundles. So at most it's considered as BOGO or a freebie that you claim from buying the stuff that comes with it. And I don't think these free spins are in any way rigged at all unlike Demos that are manipulated to put up better odds to entice people into putting their money into. It's not how that works for most free spins as they are under the same odds and chances as would any other regular spin.
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Economy / Gambling discussion / Re: Can Gambling affect your relationship?
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on: September 21, 2023, 11:27:52 PM
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If you let it affect your relationship, yes.
The thing is that this type of discussion only comes up when you either took it out of the line and gambled against your partner's wishes, or you're falling into gambling addiction and it's starting to take a toll on your relationship. Either way you recognize that there's a problem, and you pretty much know what the solution is. I don't go against partners that are not happy with their husbands/wives gambling. For one, it's true that there are other ways for you to find catharsis and relaxation if the only thing you're looking for is entertainment and thrill anyway, another would be the fact that gambling shouldn't even warrant a serious discussion between you two. If it comes to that point you're pretty much fucked and you either have to choose between keeping up with your addiction, or staying within the relationship.
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Economy / Gambling discussion / Re: Never gamble in front of your kids.
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on: September 21, 2023, 10:58:53 PM
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Yep. People downplay the negative effects that this may inflict upon their kids' psyches but it's something you can't just disregard. You have to understand that to them, you were the pinnacle of a role model. Anything that you do in front of them, they will pick up on subconsciously and may manifest itself in their lives in the future. Gambling is just one thing that you have to keep out of the kids' reaches as much as possible. It's for adults only, and shouldn't be done in front of your kids.
Be responsible parents and ensure that your kid's not getting any negative behaviors from you, gambling may be good and all for you but you have to remember that these kids aren't aware of the concept of gambling addiction nor responsible gambling, do yourself and your kids a favor and avoid yourself from gambling in front of them.
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Economy / Gambling discussion / Re: When Gamblers Fail to Read a Casino's Terms and Conditions
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on: September 21, 2023, 10:21:20 PM
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While I agree with what you say. In most situations it's best to give the benefit of the doubt to the gambler. After all, they are up against large corporations who could probably pay off their whole spend anyway. And for the most part, customers won't complain if there's nothing to complain about. With that idea in mind, whether it be for scam accusations, issues with their winnings, rigging speculations, or changes in the terms and conditions, you always must consider and presume that the customer is on the right and then dig deeper and disclose relevant info regarding their cases later down the line., that's how you do customer service right there. Again, a customer won't complain if there's nothing to complain about.
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