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1541  Economy / Gambling discussion / Re: [Boxing] Naoya Inoue vs Paul Butler - Undisputed Bantamweight Bout - December 13 on: December 05, 2022, 08:43:16 PM
Also, it is every boxer's dream is to maintain their undefeated status while also cement their legacy and there's just few boxers who did that until they retire.
As for this one, Inoue will have to risk his record in-order to gain because he won't be growing if he will always stay in his comfortable division.

Naoya Inoue already knows and surely understands that moving up will come to him. He's prepared for that.

Besides, I think SuperBantamweight will still be his comfortable division soon as it's not that a big leap from Bantamweight to Super Bantamweight.

It's easy to move up instead of moving down. Boxers increase their strength more during moving up as they will also take additional training in the process.
And with Inoue being younger at his age compared to any boxers, then surely he will always have a lot of chances to improve and move up in his boxing career. Definitely he sees that and he’s been making moves to prove that. If he will defeat his opponent at the current, then it’s certain that he will start moving up and be ready again to settle into another level if his boxing career.
1542  Other / Beginners & Help / Re: Every crypto newbies need to know this on: December 05, 2022, 07:59:59 PM
Bitcoin has died too many times already, I can't wait to see that happening over and over.

Bitcoin never died, it's all nonsense from various so-called experts and so-called journalists who in their work try to create as many clickbait titles as possible so that someone would read their meaningless articles. If someone were to carefully search all the articles in the world, I'm sure that every day they would find at least one article claiming that Bitcoin is dead.

Even a lie repeated a thousand times is still a lie, especially if it is based on only one factor, namely the price. I am sure that these same journalists will not write that some well-known company is dead because it lost several hundred billion dollars overnight due to the drop in its stock price.
Well expect for bitcoin to be always declare as dead every time the bear market attacks because that’s how those people wanted bitcoin to end up as they become reluctant to trust bitcoin more than fiat. However, when the bullish market comes in, then why do those people eventually ride with the hype? And when they start losing, they will claim it again that bitcoin is a big scam. Seems that’s there’s never an end to bitcoin lies and accusations.
1543  Bitcoin / Bitcoin Discussion / Re: People who don't use hardware wallets: Why not? on: December 05, 2022, 07:24:38 PM
In the same manner that you can also ask, why do people who have Bitcoin don't know anything about Bitcoin? I know of someone who invested money in Bitcoin but doesn't have a clue about what it is. I know of another who has Bitcoin herself but doesn't know what a hardware wallet is. She hasn't even heard of the Lightning Network yet. So if they don't even know what Bitcoin stands for, how surprising it would be to know that they don't have a hardware wallet?
Those were exactly the people who only go with the hype and just invest for quick profits, without even thinking the risk of having it especially if they never care saving their coins in a hardware wallet. So it’s not surprising really that some lose instead because they never know how to secure their bitcoin and put it in a secured and private wallet. While others are extra careful, some are not even mindful and would even care to keep their coins in a centralized exchange rather than having a secured and safe wallet.
1544  Alternate cryptocurrencies / Altcoin Discussion / Re: The goodness of long-term investing in cryptocurrency on: December 04, 2022, 10:54:08 PM
Generally, if we talk about investment whether it was long-term or short-term still it corresponds to risks. But the good thing about holding term especially if you are investing potential coin like Bitcoin it removes your stress from what you have seen in daily market changes because you know that your invested coin will grow in the future.

But why do many people make it hard and become impossible? It is because holding long-term is not their comfort, and worries still in their mind that influence their decision and weaken their courage.
As much as you decide to invest, you are also dealing with its risks. So if you chose those altcoins and meme coins over the potential bitcoin, it will only heighten the risk and increase your chance of losing. That is why if you go for long term investment, you will lessen the risk but increase the potentials of yielding higher rewards. And investing for long term with a much profitable and safest investment in crypto which is bitcoin, with 3 to 4 years of hodling, you can expect maximum profits given that long period of time.
1545  Economy / Trading Discussion / Re: Reasons why the 95% of future traders lose all of their money on: December 04, 2022, 09:58:54 PM
Fighting without complete armor will result in injury and even death on the battlefield. Like Futures Trading which has a higher risk than spot trading or regular trading. Basic knowledge is indeed not enough for futures trading, it takes sufficient knowledge to be able to manage futures trading. Especially psychology is also a problem for all traders even though they are already professionals. Psychology is influenced by many factors, starting from poor risk management which will result in the strategy not working properly.
As you said, Futures trading requires commitment and determination to master it, so as not to lose everything. and what is also important is the use of leverage which must be wise, and adjusted to the circumstances and risks that can occur. Liquidation will obliterate everything.
You've said something true about futures trading, but really one can never escape being greedy in trading. They may learn from their own experience, have emotional control and wise use of laverge, but things will not be as easy as we imagine and the practice will be very different.

I had to avoid futures trading because it's so hard to control my urges and emotions not to get greedy, so in the end I tended towards spot trading instead of futures trading so far. I can learn it, but I'd rather avoid something I don't understand properly.
Having emotional control when trading and being in control of your greed is something that a successful trader should obtained. Even if the focus and determination is there, patience is there, but if you end up being greedy in all your trades, you will never be successful in all your future trades. Just learn not to live with your greed, but I guess it’s hardly impossible.
1546  Bitcoin / Bitcoin Discussion / Re: If you were the government, how would you fight against bitcoin? on: December 04, 2022, 09:41:13 PM
There is actually no realistic threat against Bitcoin. The reason is simply that Bitcoin is unstoppable. No government can stop it. Many have tried but look at where Bitcoin is now. It is up and running and growing and even adopted by governments themselves.

The very fact that we are now discussing about the possible ways to stop Bitcoin means that Bitcoin can't be stopped. But you can at least make it illegal. That wouldn't stop Bitcoin of course but at least you're instilling fear to the people.
Even if you make bitcoin illegal, it does not guarantee that people will stop from buying or using it. Although some may develop fear, but I think that’s only for those who are beginners in bitcoin, those who have been hodling or using bitcoin for long term will not be threaten anymore. Unless if you have control on the internet connection and shut it down like months, bitcoin will never exist anymore. But it will also affect the traditional money as well.
1547  Other / Archival / Re: online lottery games on: December 04, 2022, 07:47:15 PM
If you place a bet with a large bet and suddenly your number comes out, the dealer must pay your winnings. But some bookmakers can't pay it because they don't have enough money in their balance. But I'm not sure if there is a way to cheat the number that will come out later because it depends on your luck unless the dealer cheats the number. And usually, if it's a lottery, people tend to buy the numbers in large quantities because they think that one of the numbers will come out and he will be the winner.
In our country, some small lottery bookmakers only accept minimal amount for betting so that if the number wins, they can easily pay the winner. Otherwise, if the bettor wants to put higher bet, he should do it at the main betting place. However, when asked if the game is rigged or there are some anomalies in the lottery company, that’s what I’ve been hearing ever since, but until now those are not yet proven.
1548  Economy / Economics / Re: Share Your Best Money Advice Based on Personal Experience on: December 03, 2022, 10:48:45 PM
For the longest time, I have been thinking about doing this. It seems like the right time is now. All of us have had good, bad, and ugly experiences with money. So now is a good time to offer your two cents worth of financial advice.

Ty question-  Based on your cumulative life experiences, can you share your best money advice with us?

I'd go first -  Stay out of debt as much as you can.
Personally, I would advice to never spend more than your income. Save a lot and spend some. Just buy what is necessary and take away all those who are not. That way, you will never be drown into a heavy debt, plus you will save a lot. I might not be doing well in my finances today because of some wrong decisions, but at least I’ve learned now. It’s best to just save and invest some of it for additional income.
1549  Bitcoin / Bitcoin Discussion / Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method. on: December 03, 2022, 10:27:22 PM
I saw this headline this morning in the news, but never read it into detail, between this is a good move by the Brazilian people to adopt Bitcoin as a payment method in other news as a legal tender just like in El Salvador.

Now Brazil joins other countries in adopting bitcoin as an alternative currency which gives citizens a wide range of options for financial transactions.

Brazil didn't make Bitcoin a legal tender, it just allowed to use it. And IMO it is good and better corresponds the spirit of Bitcoin: you got an alternative but you are not made to use it. Bitcoin has enough benefits of using it and not to be needed in legislative enforcement to use it.
Brazilian real is still the legal tender in Brazil, while bitcoin has also been legalized as a payment method throughout the country. But even so, this is still a big win for bitcoin as not all countries have been open to bitcoin and legalize it. Brazil can now boost the adoption of digital currencies, and definitely will expand the cryptocurrency community in their own country.
1550  Economy / Gambling discussion / Re: Crypto Casino on: December 03, 2022, 09:50:57 PM
What casino websites are they?

Most of the casinos that are scammers are newer ones because they've got no reputation to protect and they're just like hit or miss type of scammers hiding through a casino.

And for your reference about the casinos in the forum, we've got plenty of them through the Gambling section.
You should have reveal the names of the sites so we can look for it and give you good advices. Certainly, you’re in a wrong casino if you think you are not even winning just once. I may think you’re unlucky but that not most of the case, as there are really scam casinos out there so we have to research first on the site before we start to gamble. In your case, now that you think maybe it’s another scam casino, then stay away from that site and look for other gambling platforms here in the gambling section as they are more reputable compared to your previous casinos.
1551  Other / Beginners & Help / Re: As a newbie I stay off shitcoin and it paid off, Bitcoin is the king. on: December 03, 2022, 09:30:44 PM
After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.
First, there’s no easy way to make profits so learn to invest not for quick profits but definitely for long term goals. And with that, bitcoin will always be the most reliable and trusted coin for long term investment. Although there are altcoins who also excel in long term hodling, but they can never be profitable with short term hodling as most of them suddenly lost in the thin air without the chance to see value progress. Second, never trust centralized exchanges for your potential investments. There will surely be next events following the FTX drama.
1552  Economy / Gambling discussion / Re: under-age gamblers on: December 03, 2022, 09:11:56 PM
Young people want to do many things and if their family's financial situation is not enough, they look for different solutions. They can work somewhere in their spare time, buy and sell things, these are good things. The bad part is when they start gambling for easy money. They may be lucky at first. Even if they have unlucky times, they can win after a while. They will put 1 and get 3-5-10-20 whatever. If they lose they will say next time ill win and i'll cover my losses. In this way, they can live for several years. They may make bad choices to find money. Stealing money from their families, being sellers of illegal things etc. If they are not very successful in gambling, which 97-98% will bad at it. At the end they will drown in debt. They get older, they missed many opportunity probably they wont know how to make money in real life. In this way, they will have wasted a life.

This might be seems bad scenario but I had a friend couple years ago this story based on his life. One small wrong decision can affect your whole life like a domino effect.
Gambling won’t be an ideal source of living, one thing that minors these days failed to realize as what they are only considering is that when they hit the jackpot through gambling, it will definitely bring big changes to their family’s lives. Yes, they may get beginner’s luck while they are starting, but that won’t guarantee consistent profits while they keep on betting. In the end, they will only realize their mistakes if they fall into gambling addiction which I think will be hard anymore to escape from gambling, especially for minors who can’t even handle their lives properly.
1553  Economy / Trading Discussion / Re: Why everybody is panicking ? Its a game of greed and fear ! on: December 02, 2022, 10:43:54 PM
Who do you think is do panic selling? I think its normal to see the price of Bitcoin drop. Look Bitcoin history have a cycle if you are here for very long time or if you know the history of Bitcoin then you shouldn't be panic.

However, since there are some potential to make profit selling it is the best choice and buy later for cheaper price. That's a normal cycle of trading.
I would not say that only those newbies are panicking right now because even myself, I’m also starting to panic thinking that bitcoin price will eventually keep dropping. But I am also aware that this is a good chance to accumulate more bitcoin, one thing that most newbies never think of it. Although I must say that as long as we have emotions involved, panicking is natural, but in crypto one who panics gets lose in the end and one who stays calm and relax usually wins in the end.
1554  Other / Beginners & Help / Re: Is there best way to seek people's attention on bitcoin? on: December 02, 2022, 10:21:23 PM
if you yourself have never even held bitcoin and are asking how to introduce bitcoin to people in the best way, then what needs to be educated is yourself. Starting from yourself, use bitcoin and feel the difference, if you haven't used it yourself, don't give empty knowledge to other people.
There are many ways you can do to start introducing bitcoin, even now it's easier. a lot of advertising media that preach bitcoin when the price of bitcoin is high enough and people are curious and finally learn about it and invest in it. first, you have to start from yourself.
Experience bitcoin with yourself first and then after that, that’s the perfect time you can effectively share to others what bitcoin has done for you. While other use the social media to promote bitcoin and attract the interest of the people, personally I would want to keep it private because you don’t know what other people will think about you. If they will try to buy bitcoin and lose it in the process, then you are now to be blame of their losses. That is why sharing about bitcoin is good, but limit only to those people who know you well.
1555  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: December 02, 2022, 09:58:30 PM
I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of lately lots have been unveiling itself and centralisedexchanges are at the end of it all.  Does it mean that these centralised exchanges that are in existence lacks the capability to safeguard assets and funds after attracting investors and traders to their platforms for engagement and activities?
 How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.

At first identifying the problem is a basic course for rendering solutions. If these problems are not identified immediately by the exchanges for quick remedy then who's to be blamed for it. Do they really do constant check on their service to know their lapses, if they do, do they identify it immediately with utmost attention? Do they do a constant check and evaluation on their staff and  mechanisms.

With all these said, what are your opinions on this subject matter as I feel this needs to be looked into for possible measures to be taken for  so as to further prevent or minimise the rate at which exchanges get hacked or being careless with investors and traders funds.
Centralized exchanges are not safe anymore so people should not be placing their funds on it. Not just because of the FTX event, but because centralized exchanges have low level of security and privacy which means our money will be in high danger if they will remained in them in the long run.
1556  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 02, 2022, 09:23:18 PM
I will echo the sentiments of most of our posters here, it can't be prevented in this era. We have moved to a point that everything, including crypto base online casinos are going to ask for KYC. That what the world we live in right now, our identity will have to be known to them specially if we are winning huge amount of money.

So before they are going to pay, they want to record everything first, as government has also mandated that before they will be given their license to operate, they will have to pass KYC first. That's how it is and so there is no solution but to follow what they requested and submit ourselves to KYC procedures.
Perhaps the best solution is to accept KYC for good because it’s where it’s definitely going to. And to think that gambling platforms are manipulated by the centralized government, then everything their orders should be followed, and KYC should be strict implemented. Although there are some casinos who only ask KYC when there are huge amount of winnings, but it’s expected that in the long run, KYC will always be compulsory by any means.
1557  Economy / Gambling discussion / Re: Quit gambling today and lesson i learnt on: December 01, 2022, 08:27:19 AM
Stay where you are good at and if a decision you have wanting to quit then just do it for good. It may hard at the beginning and you'll feel that you're going to win back those losses and you might experience those huge wins again, just don't think of it.
Clear your mind and have yourself really set for quitting and don't ever go back again. But most gamblers tell that and eventually, they're coming back and playing again.
Reality is you can’t easily quit from gambling whenever you want. You have to take it slow and change your mindset that you can’t chase your losses anymore, otherwise you’ll end up affecting your finances, and eventually your mental and emotional health. Although there are those who are strong and determined enough to leave gambling for good within a short period of time, but if you are a regular and active gambler, it’s hard to leave gambling as easy as that.
1558  Economy / Gambling discussion / Re: New Solution to Address the Problem of Gambling in Australia. on: December 01, 2022, 01:03:01 AM
Sportsbet, an Australian betting giant, has said that it will support any move to prohibit the use of credit cards for gambling. The operator said that this type of payment method promoted a “play now, pay later” culture which was detrimental to the well-being of players and consumers. Here is a summary of the news below

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

Proposed solution: Responsible Wagering Australia is putting forth a new interactive gambling legislation should block operators from offering credit cards as viable payment methods.

The Challenge: If this legislation is implemented, it would also affect lottery tickets, which would not be purchasable through credit cards anymore.

How Sportsbet is working to address the problem - They are building a “real-time intervention” solution that will allow it to leverage the power of AI to quickly predict customers’ daily deposits and send alerts when the depositing amounts begin to climb up too rapidly.

What other solutions can you think of?


Read the full news here

I had to read this multiple times and still cannot understand why exactly gambling with credit cards is more high risk than gambling with cash, for example? If a gambler has a huge gambling problem, up to the point that his life is turned upside down and he needs to take a loan out, he will not be saved by having been denied a credit card. More tempted? Sure. But people who reach that low point are not going to be hard to persuade to do something stupid.


That is already a sign of gambling addiction, being able to do things out of his character and out of his control. However, I do believe that depriving those gamblers from using their credit cards will also bring a positive effect and will lessen the risk of seeing them being addicted to gambling. But for other gamblers who are unstoppable and seem to freak out once deprived from gambling, the said solution will not be effective anymore. Those types of gamblers should be banned by all means, otherwise they will end up being harmed or they will cause harm to other gamblers in the casinos.
1559  Economy / Gambling discussion / Re: My Unconventional Betting Strategy on: December 01, 2022, 12:28:13 AM
They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

The strategy -  We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.
I don’t usually go for partnership or betting with shared capital from friends when it comes to gambling. It’s just that I don’t have trusted friends around when it comes to gambling. But I believe your own strategy will certainly work and has good advantages on it. You can share the risk of losing which will help you not to fall in gambling addiction, and it can also increase the capacity or the chances to win since your bets are well spread with a good amount of bets. My only doubt is whenever one of you will insist his own bet because he thinks that will create higher chances of winning, that would be another problem if ever.
1560  Other / Beginners & Help / Re: Why you should never try to time the market bottom on: November 28, 2022, 08:39:11 PM
Crypto has no bottom and can never be predicted. That is a common mistake we make, we wait for more dips and fail to accumulate at low prices. I missed like this a lot. Most people become extremely worried when prices begin to fall and believe there will be further drops. When the price begins to recover, we end up buying. But when it became affordable, we simply waited. So, you should have your own accumulate zone where you can buy.
I think a lot of investors have fallen on this part. We always create our own predictions as to what is the best price to buy, but in reality as soon as the bear season enters the market, that’s the perfect time to buy and accumulate potential coins. No need to wait for another downturn, just do DCA if you want so you won’t miss every chance to buy bitcoin or any other potential coin.
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