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1061  Economy / Economics / Re: Concers About Going in Business with a Friend on: May 15, 2023, 11:50:15 AM
Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.

On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.

As you have said their many people that do join business with their friends and both due succeed  without betraying each other and are also many to that did and betrayed. we should know that all human beings cannot have perfect mind and with that they can't be all truthful.but all it requires is trust, once you are able to study your friend well and found he/she with truthful character and you believe it will be very hard for someone to convince he/she away from the truth line,why will I be afraid of doing business with such person?as for me i believe much about many friends I have because their character toward make me, make me believe much in them that they can't betrayed me on any way but they may surely be some among them that may have bad mind ooo but I never witness that habit from them any of them because I don't make much friends and even before we agree on any business there are will be agreements between both of us.some people say trust nobody, but we need to trust some one in order to make some our ways easier.
I have to agree with this. We don’t need to take our ventures alone if we have some trustworthy friends that we can rely all the time. If I were to build a business with my friends, I think that would be easier for the business to prosper since we are both working for our business to grow and yield high returns. However, we should  always chose those real friends from fake friends. But if you have been dealing on that person for a long time and you know each other’s personality and family background as well, then there’s no reason that you can’t give your complete trust to him and make him as your business partner.
1062  Economy / Trading Discussion / Re: Lets Brain storm on how to limit losses... on: May 14, 2023, 09:40:53 PM
(....)
What led to your major loss in the market as for me it was staying too long on a trade i was making good profit before it turned all red and while waiting for the market to finish the correction moves i ended up losing everything.  How about you?
For me, traders are not sticking with their plans.
Let's say for example before they enter a trade, they have a plan already, stop loss on x price, take profit on y price.
Then suddenly let's say the price goes to the opposite of their price target, then even if the stop loss is not yet triggered, they already close the trade. So by that, you already conclude or accepted the lose, what if it will not hit your stop loss? Then that's the problem.
Solid plans are very essential for a trader to succeed. However, if you are already in real trading, most traders tend to lost tract from their plans and create new plans that could mostly lead into failure and losses. And when they think there’s no way to be profitable anymore, they resort into stop loss while there are still other options that could make them succeed from their trades. That’s how inconsistent most traders are.
1063  Bitcoin / Bitcoin Discussion / Re: How important is it to keep your bitcoin investments secret from others ? on: May 14, 2023, 07:29:49 AM
The first thing that came to my mind after reading this was that one should not talk about his crypto investments with strangers or friends as it can pose various risks. If you are active on forums like bitcointalk and involved in trades, you should not give information which can help others relate to your identity.
Anonymous is a word that fits those of us who invest in bitcoin because the nature of secrecy is important to close loopholes for people to take unexpected actions, in my country if you have a large amount of bitcoin there will be tax workers who will come to the house they will give warning when you do not try to pay taxes in accordance with applicable regulations. Even though this is not a robbery scenario but being too exposed will attract a lot of attention, which is why it is important to try to be more anonymous in investing.

Although I doubt that other people can take the bitcoins that we have with the concept of robbery outside of technology, security is one of the considerations that needs to be kept anonymous and is much safer for those of us who are in investment. Don't be too flashy and be careful with all the possibilities that can happen.
Always invest with caution, not just on the market volatility, but also to the people around that may cause you harm in exchange of your assets. Whether they’re close friends or relatives, you should still put some limits and boundaries not to tell them everything about you and your investment. Sometimes when all our intention is just to motivate them to invest and be successful, instead they turn out to develop jealously on our achievements and plan some attacks that will put our lives into danger. The reason why trust should not be given easily to everyone, especially when money is directly involved.
1064  Economy / Trading Discussion / Re: A nob in trading needs help on: May 14, 2023, 05:33:39 AM
But at this point, I will really like to know whether or not Bitcoin trading is a means to gain profits during market speculations, and how possible it is to make passive income through cryptocurrency trading.
You can have a million dollars and lost it in some hours to trading. You have to be disciplined and do not let emotion control you. Learn the basics and do not use more than the amount of money that you can afford to lose to trade. Use lesser amount less to start.

It is true that some people gain from trading but you have to learn and you will first lose and later you will become better to know if you have to continue to trade or not. Do not use high amount of money to trade, avoid that.
Trading can be sometimes profitable, but it can also be a source of great loss, depending on how skilled and experienced the trader is. However, for noobs in trading, expect that you will gain more losses at first but eventually, as you become more experienced and exposed to different trading scenarios, you will learn to adjust and adopt the required skills and strategies to make your trades work and result into profits. Know when to open or close a trade, that will help you to avoid inevitable losses especially for newbies like you.
1065  Economy / Gambling discussion / Re: [Boxing] Cas Nghitumbwa imero vs(May 13) on: May 14, 2023, 04:28:20 AM

Anyway, many fans are looking forward for Casimero to fight Inoue but with his current performance, I don't think it's sufficient to defeat the monster. But at least he won and it's a good opportunity for him to have a bigger match. So congrats to Casimero.

But don't worry yet because that fight will not happen anytime soon. Casimero will continue to fight to improve his ranking, while Inoue has been given an exemption not to go through the journey that Casimero had, since Inoue's championship fight was rescheduled for this July. Let's see the outcome of that, and if Inoue wins, well, maybe Casimero will have a chance to fight him if he becomes a top challenger, assuming Inoue doesn't go directly into a unification fight.
1066  Economy / Gambling discussion / Re: [Boxing] Jason Moloney vs Vincent Astrolabio WBO 118lbs Title (May 13) on: May 14, 2023, 03:19:30 AM
I was not able to watch the fight but we have a winner.



source : https://www.facebook.com/ESPNKnockOut/

I need to watch the replay to see how Moloney won this fight. I believe he had a good chance of winning since he was the slight favorite, and it seems like he made the right decision by avoiding Donaire. I'm curious to see how he managed to secure the victory.
1067  Economy / Gambling discussion / Re: [Boxing] Casimero vs Nghitumbwa (May 13) on: May 13, 2023, 01:06:56 PM
And the final score is 14-112, 116-110, 116-110. So it's very close fight based on that score.

But this is still a win for Casimero, not that outcome that fans of him wanted to see. But still a good case for him to be on another fight with a rank fighter to get him inch closer to a title fight.

Perhaps the fight being held in the Philippines will generate controversy. Casimero should have gone for a knockout, as it would have been his best chance at securing a high-profile fight. Many of us were mistaken in assuming that this would be an easy win for Casimero, given that he was up against an unknown boxer. However, considering the judges' scores, it is evident that he had to put in significant effort to claim victory.

So, what's next for Casimero?
1068  Economy / Gambling discussion / Re: Can I be profitable in the NBA PLAYOFFS? ===>check inside on: May 13, 2023, 12:14:16 PM
Not really a tight game. The Lakers won and the points from those superstars that we've been hopeful for GSW didn't do that much honestly. Dray keeps on having those fouls until he's got no use anymore for the team. While Poole, has funny stats for this game 6 and he didn't really contribute at all. While watching Steph doing all of those in-the-middle layups trying to cover the lead but still ain't enough. Congrats Lakers!


The Lakers clearly dominated the game, and I would say they deserved the win, although they were criticized for being great floppers. But who cares? That's part of the game. Until the organization does something about it, it will always be used as part of the strategy. The Lakers sent a big message as they eliminated the defending champions, so they should feel confident in their next matchup against the Nuggets, who are the number 1 team in the West.
1069  Economy / Trading Discussion / Re: Can Bitcoin trading be my sole source of income? on: May 13, 2023, 04:23:35 AM
As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?
You can do whatever you want OP. You need to be at the pro-level of trading in addition to having made profitable trades before making a decision to quit your job. Since a trader cannot be an alone identify yourself with other traders in the community who are way higher an above you before thinking about.

I'd say do not be in a hurry. The universe will bring it to your consciousness when it is time to move fully into it and by that time, you wouldn't need to ask anyone because you would feel ready, and everything would be in place for you.
Don’t pressure yourself if you are still in doubt, no need to hurry because there will always be opportunities to trade and make profits once you become a pro trader in the market. I know the feeling since I’ve experienced the same way back then, but then I chose to keep my job along with trading because aside that I am family man, I know how trading is so risky that even if you’re a legend in trading, there will always be unstoppable losses that may happen to your trades.
1070  Economy / Economics / Re: Why you should use spare money to invest on: May 13, 2023, 03:40:35 AM
There is no need to risk even small money as a newbie, for experience it is better to use a demo trading account. Once you are confident in making profitable trades, then you can use your spare money.
The demo only helps you to understand some trading features, it will not help you make the same profits when you enter a live account.

Investing and trading is a risky activity, so if you are too paranoid about the risks that exist then please do not trade or invest. To become a successful investor and trader to earn returns, you must consider the risks even if you have to start with a small budget. Do research, learn more and gain experience.
True. Demo account only helps a beginner trader becomes more familiar on how the market works so he can anticipate on how he’ll take advantage on it. But it does not guarantee that whatever your outcome using demo trading will also be highly possible when you are already trading in the real trading scenario. Trading is unpredictable, and so the market is. That’s the reason it’s more advisable to use spare money every time you trade since trading result is always unpredicted, and once you lose, that’s totally a loss in your funds.
1071  Bitcoin / Bitcoin Discussion / Re: Investing doesn't guarantee you to be rich on: May 13, 2023, 02:28:41 AM
The majority of the investors and traders have misconception on investments because they think that they will easily become successful by putting their hard earned money in bitcoin and other assets without understanding that it is just the foundation and they need to work really hard and follow the other steps to beat the market and able to have gains in their portfolio.
Actually you are of good point mainly here, but i will tell you that those people who is a day old or new for investment are the people that will not know the strategic way of investment or have such misconception of investment by thinking that investment is a pathways of getting rich, its clear that its a capital lie, because if you don't know exactly the terms and conditions or understand the rudiments of investment you will not be successful in that investment, you can only be successful for investment when you know the principles of the investment, some investors today get lost of their investment due to lack of understanding of the investment, while some of the investors prosper, propagate due to the ability of studying and understanding the investment, its when you microscope business and know it too well, it's when you will become successful and get rich.
That’s the reason why success is very rare when you are still investing as a beginner. The fact that you are still in the process of obtaining knowledge and skills, and exposing yourself to experience the market, makes impossible for you to beat the market or take an edge over the market volatility. Some may still succeed even with less knowledge and experience, but rest assured it’s only their beginner’s luck, surely they will find it hard to consistently prosper without the required knowledge and skills to take an edge over the market.
1072  Economy / Gambling discussion / Re: Wagering requirements for withdraw on: May 12, 2023, 08:59:02 AM
I feel like this is a trap, even feels like a scam. The fact that some casinos do this is because they don't want the users win or withdraw, and the fun part is that some casinos will ask you for KYC after completing the wager requirement for withdrawal.

Personally I had a terrible experience with fortune jack some weeks ago, when I try to withdraw I find out that the min withdrawal was $150 which isn't cool at all. I mean if they will make it up to $150 then why not do it up to $500, is the same obstacle. The only thing that we can do about it is to leave a bad reputation on the casinos' review sites.

Thank you for sharing. However, the minimum requirements and the wagering requirement are part of their rules. If we are aware of them before we gamble, it wouldn't be wise to complain. I haven't been using FortuneJack for a while, but a $150 minimum withdrawal is acceptable to me if I know that it's their rule, unless they have changed it just to make it difficult for me to withdraw.

We all have different experiences with gambling sites, and we are free to choose the gambling sites that make us feel comfortable.
1073  Economy / Gambling discussion / Re: [Boxing] Devin Haney vs Vasiliy Lomachenco - May 20 on: May 12, 2023, 08:20:04 AM

So let's see if he can defeat Loma first, this is not going to be easy fight for him. Unlike in the Kambosos fight wherein he was able to break in George early, here Loma is equal or more boxing IQ than him and so as others said, this could be like a chess match wherein it's going to be a thinking game.

Kambosos is easy to read because he is not a technical boxer, but Loma, who has been in this industry for a while, possesses the experience that will be advantageous against him. This matchup is undoubtedly thrilling, with Haney being the favorite while Loma aims to prove himself, as some perceive him to be past his prime. While we cannot predict the outcome of this fight, I personally like to bet on the underdog.
1074  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: May 12, 2023, 05:28:39 AM

Booker has delivered some exceptional performances in the playoffs. However, if his team fails to make a comeback in this particular game (which I doubt), it may not positively impact his legacy in the NBA. Some argue that he is a good individual player but not a strong team player. This will only fuel the ongoing debate regarding Durant's ability to win a championship without Curry.

Is Booker still engaging in trash-talking with players who have already won championships? It's quite ironic considering his team's current situation. He must be kidding if he thinks he can mock Thompson when his own team is facing challenges. Booker may be the franchise player, but it's uncertain if this team will continue to improve. Additionally, it remains unclear whether Durant will choose to stay with the team.

Anyway, I'm looking forward to the games tomorrow. Can the LA Lakers and Miami Heat end their respective series against their opponents?
1075  Economy / Gambling discussion / Re: 2023 NBA Season on: May 10, 2023, 01:32:17 PM
Looks like I was dead wrong about this Boston Celtics vs Philadelphia 76Ers game. I thought the Celtics would handle them easily on their home court but this game has been ugly. Boston can’t hit the side of a barn with their shots. No way you can win a game in today’s NBA when you’re shooting ~30% from the field and 25% from three point range…

They are on the brink of getting knockout in the NBA playoffs same as the Phoenix Suns because they kinda blowout their chance to win one of the most crucial games of the series and they ended up getting huge pressure on their upcoming games. Tomorrow the GSW will gonna try their best to stay alive but the Lakers will not let them and will need to stop them in game 5 because they cannot afford to make GSW create momentum which will gonna make them regret and struggle to win game 7 of the series.

I think the Warriors will make a big statement win tomorrow, just like they did after losing game 1.
LA will have to win the series at home, and if they don't, they will be in trouble.

Steph will carry the team tomorrow and if Klay is having a good game 5 just like in Sacramento, there is no question the series will shift back to LA.

Of course Golden State cold also blow it tomorrow but imo there is no chance they lose 4:1 . Not with this team and not at home.
Thompson needs to be consistent tomorrow. Once their three-point shots start dropping, there's a chance they will win, as their confidence will be high. They are a three-point shooting team, so they need to stick to what they're good at, and they cannot shoot below 40% if they want to win. Defense-wise, they are already good, maybe even at par, but their three-point shooting needs to excel.


Miami on the other hand might actually close it out at MSG. They are on a roll and the game will be a close one. If Jimmy Buckets has another big game the series might be over after this one.

It's not difficult to predict this game, as Miami has been dominating the series. The Knicks' only win was when Jimmy was unavailable to play.
1076  Economy / Gambling discussion / Re: [Boxing] Casimero vs Nghitumbwa (May 13) on: May 10, 2023, 01:07:45 PM

It's really a good venue for him to hype his name, though it's been long predicted that his advantage is
wide and the winning chance is high, but the outcome is still what the fans would like to see. An early K.O
with a very dominating fight as per my take.

I am expecting the same, so I would like to see the odds for that so I can bet early. Unfortunately, as of today, the odds are still not available, so I cannot place my bet yet. This fight will be on Sunday in the Philippines, so people will have free time to watch it. But, as a fan, I also like to bet, so hopefully, the odds will be out by Saturday.
1077  Economy / Gambling discussion / Re: 2023 NBA Season on: May 09, 2023, 11:26:49 AM

That kid is clever; he was very clutch in that game. With his lack of experience in the playoffs, I didn't expect someone like him to step up in such a huge way. The Warriors surely weren't prepared for him, and I'm sure they'll be figuring out how to defend against him in the next game, as he did a lot of damage. Actually, the Warriors could have won that game, but unfortunately, they aren't the same team anymore and can't protect their big lead, as the Lakers can easily come back with a big run of their own.

Truly Walker was stunning the GSW in that game and they can do anything about it because of how he surprise them, he shoot the ball without hesitation as long as he is wide open and you can also see how LBJ trust him to shoot the ball. Good for them they managed to hold their late comeback lead in the last 2 minutes and that was a truly amazing game because the GSW was not gonna give them easy game on that one and they struggled to catch with them until Walker took over in the 4th quarter.

Walker made three consecutive shots before he missed, but he stayed in the game until the end and still made contributions. I believe that the Lakers' coach is really good, and he isn't overrated like some people thought at the start of the season. In his first season as a Lakers coach, he has the potential to bring the team to the Western Conference Finals.

Unfortunately, we haven't seen the old splash brothers here as Thompson hasn't been playing well, he only scored 9 points and has struggled with his shooting.
1078  Economy / Gambling discussion / Re: Have You Experienced Winning Bets By Upsets on: May 09, 2023, 09:09:57 AM

I mean, in every bet there is always a research mechanism that we do before betting on a team that is not superior. is it worth it, if not we can choose many options. also, don't just rely on fun vibes, because usually that will interfere with the research we've been doing. interestingly, in football offers opportunities that make more money. as you said, especially if we choose the parlay option. of course, the odds on offer make gamblers very interested.

While research can make your gambling journey more entertaining, it doesn't guarantee you a win. The real experts in this field are the oddsmakers, as they make odds that will likely attract both sides to ensure that the bookies generate consistent income from the juice. So, in addition to research, luck plays a major factor in winning at sports betting.
1079  Other / Beginners & Help / Re: Is bitcoin a good option for a beginner in Cryptocurrency? on: May 08, 2023, 07:33:11 PM
Bitcoin is a good option to invest in as a beginner, but when investing, there are risks involved, so I  encourage you to do your own research on the matter to actually understand what you are investing in and the risks you are taking. as for the "best", it can be subjective since there will be people who would pick other cryptocurrencies as the best cryptocurrency to invest in.  
Yes, bitcoin is a good investment but since there are known risks, one should always invest with caution. By having DYOR, an investor will be more educated on what is bitcoin and how it can be profitable in a changeable market. However, though bitcoin is the most preferred investment for beginners, but always be reminded that its not a get rich quick investment, you might endure consistent losses at first before you finally see it profiting.
1080  Economy / Trading Discussion / Re: How to maintain profitability in crypto trading on: May 08, 2023, 06:40:45 PM
You can't maintain the profitability in trading, because sometimes your losses are more than your winnings and it could be the other way around too. Trading is about luck and how good your probability is, because that's how you're gonna increase your chances of making profit every single trade you're gonna make. Maybe you could have 70-80 percent of making your profit stable but not 100%.
True. There’s no guarantee that trading will be 100% profitable because you are dealing with a very unpredictable market, that even pros in trading also end up losing when the market condition does not favor their trades anymore. Although there’s high chances of making profits if you have better experiences in trading, but you can’t assure that trading will always be profitable. It’s a matter of losing and winning actually, and those who only trade for greed and profits will never achieve being profitable in the end.
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