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1141  Economy / Economics / Re: Using plants as a savings account on: May 21, 2022, 08:18:57 AM
Plant produce appreciate over time and it's most beneficial for perennial plants. Many still serve as exportable produce where it get even high value due to high demand from neighbouring countries. Agriculture has been the surest investment plan before oil and precious metals drifted the attention of investors
The market around plants, vegetables and flowers are too broad. Some do appreciate in value over time depending on the rarity of it and how well you will be able to grow it but not all. Also, if you would like to export the plants, you must either have a good amount of it or either has a great quality to even consider export, if not then stick with your local market. But then again it will depend on which plant you invest with.
On the other hand, I have seen a lot of people who chose to invest on mushrooms as it doesn't really require too much and you can grow on your backyard.
1142  Local / Pilipinas / Re: Isa kaba sa my mga bitcoin or any crypto noon? on: May 21, 2022, 06:31:26 AM
kung pwede nga lang ibalik ang nakaraan ? siguradong babalik ako sa panahong napakamura pa ng bitcoin at itatago ko hanggang ngayon or sa susunod pang mga panahon lol.
sa pagkaka alala ko kabayan , Hindi lang 10 bitcoin yong pinambili ng pizza instead thousand bitcoin yata yon?
anyway buti nalang hindi natin inabot mga panahon na yon kasi kung nagkataon eh kasama tayo sa mga nanghihinayang now lol.
Lahat tayo ganyan nasa isip kung sobrang mura ng bitcoin at alam nating tataas. Kaso nga lang, may kanya kanyang sitwasyon lang din talaga tayo na hindi tayo makabili kasi nga mas uunahin yung mga bagay na mas mahalaga kesa sa pagbili ng bitcoin kung makabalik man tayo sa panahon na yun.
Oo, 10k bitcoins yun para sa dalawang pizza at nabasa ko na hindi naman pinagsisihan ni laszlo yun kasi ang laki laki ng ambag niya.
Hindi mawawala sa pag-iisip natin na manghinayang sa mga crypto na nakuha natin noon mapa-faucet, gambling, mining, campaigning at iba pang paraan natin nakuha iyon dati. Ngunit mas maigi kung hahayaan at tatawanan na lang natin dahil may mga nabili naman tayo dahil dito.
Yung 10k Bitcoin Pizza na topic ay laging nauungkat pero naisip ba nila kung magkano lang ang bitcoin dati kung possible ba talaga na bumili ng kahit ano gamit ang bitcoin dati. Pero still, masaya ako na may nangyaring ganyan dahil isa itong patunay na yung crypto ay possible maging future currency nung time na iyan.
1143  Economy / Gambling / Re: Gambling Brand Name Vs Site Functionality? Or Both? on: May 20, 2022, 06:03:43 PM
A brand is built overtime. If they have great functionality and design they will be retaining the clients and building brand by word of mouth and by reviews and comments on the internet. You eventually need some advertising to consolidate the brand and make the business grow at a pace to beat the competing casinos. It is a mix you need to get to be know and know for good things.
Brand maybe built overtime however the brand name should be given consideration as you may have a great functionality but having a bad brand name could affect your casino clientele.
But, yes, I fully agree with you, as your casino brand will be built overtime as how you provide functionalities and provide reliable platform for your clients to gamble with. Also, compensation, promotions and advertisement should also be factored with to widen your platforms reach to new potential clients.
1144  Economy / Gambling / Re: Question for regular casino players. Will you use Lightning if available? on: May 20, 2022, 03:01:03 PM
I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?
Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.
Yes, Lightning Network or LN is for bitcoin as it lessen the fees for transaction and it might be a great way for casino to implement it especially for withdrawals on their platform. However, as Users or Gamblers, I might rather not consider it as of now since most of the online casino or gambling platform that have offers other tokens and it also feature swapping or converting btc to other tokens that will helps us with transaction fee and traffic.
1145  Economy / Gambling / Re: How do you advertise your casino? on: May 20, 2022, 08:58:47 AM
For gambling casino , I will recommend to start advertisement here on bitcointalk. The best way is to start the long term signature campaign.
It might be more appropriate to promote precisely that many gambling activities from high traffic sites but only few active gamblers, I think this forum is very appropriate to promote gambling as many active gamblers and gambling campaigns are very popular in this forum.
Actually having a long term signature campaign here at the forum would be a great way to promote your platform however you should also consider other alternatives. As you might not have receive the amount of traffic you're expecting for your gambling platform.
Bonuses, Campaigns, Events and having a great functional platform would be the best way to promote your online casino.
1146  Bitcoin / Bitcoin Discussion / Re: Is everyone that got in late last year in the red now ? How bad is it ? on: May 20, 2022, 04:50:09 AM
~snip~
They're in the red only if they sell, otherwise 1 BTC = 1 BTC last year just like today. Bitcoin is also about patience, if people got into bitcoin at $50k-$60k thinking it would moon it's their problem, that's the first mistake. And if they sell now it's the second, a pretty big mistake actually.
Most of the long term holders that entered their investment within the past year are currently on the red right now. However, this does not mean that have already lose income since they are still holding on thier coins. Just as most of the replies here, they will only lose funds if they'll sell their coins during this bullish season.
But still even without selling your coins, we have a " potential loss" as the price of our assets is down compared to how much we have bought it. Anyways, these kind of bearish season is normal to crypto.
1147  Economy / Economics / Re: Where to invest everything looking bearish on: May 19, 2022, 07:00:10 AM
If you actually want to 'profit' from investing, you should be happy with drawdowns. More money could potentially be made when prices are dropping, rather than you buying tops/peaks. But of course, it will totally depend on what the asset you will invest in.

But based on your post, it seems like what you're looking for is quick profit. If you're not willing to wait years and years, then it's not "investing".
I beg to disagree with your concept where the OP is looking for a quick profit and you consider it as not "investing". There are two types of investments such as long term and short term investments and OP is asking for a short term investment.

But yes, drawbacks are a good thing when investing as it gives leeway for investors to invest at a lower prices especially if they are considering a long term investment in crypto. As of now, it will be hard to gain in times where the crypto market is too bearish. But yes, you can still earn by doing micro trading and investment however the risk would be higher than investing on long term.
1148  Economy / Economics / Re: Is Bitcoin is too volatile? Bitcoin VS Netflix, Apple, FB, PayPal, ..etc on: May 18, 2022, 06:20:55 AM
Guys, don't compare stocks with cryptos. The movement in stocks are mostly fueled by the hard facts whereas we have to speculate the reason for crypto's movement. They are not same.

For example Netflix, Their share price depends on the revenue, new addition of subscribers, loss of subscribers and growth percentage. If you want to speculate on Netflix stock, you can look forward for these data points.

For crypto, we never certainly know (in most cases) what is the reason if bitcoin's price suddenly crashes. Bitcoin market is a truly free and global market which is very very difficult to speculate based on some specific parameters. So both stocks and crypto are volatile, but let's not compare them!
I feel like we should compare things. How are we otherwise going to be able to tell if they are similar or not? We can't deny that many traders trade both stocks and cryptos.

With Netflix it was about competition and the end of the pandemic. They also started slacking a bit and you could get better movies on Prime for a fraction of the money.

I feel like when Bitcoin crashes it's either right after a peak, like it did in the middle of last year and it coincided with Musk selling and some other things, or it's a bigger picture like stocks crashing, a global recession, pandemic and similar. A good example of such crash is 2020 when price managed to recover fast because the problem was not with Bitcoin, but came from fear of the unknown.
Personally I feel like we've already witnessed the peak selloff twice (May and December 2021) This last drop is more like the 2020 crash.
In terms of investment, yes, we should consider the comparison from stocks with crypto as both of them has their own volatility on their prices and it is mostly similar to each other. However, I don't think that bitcoin  should be compared to stocks as unlike with stocks it has usecase which are companies like netflix that provides a streaming platform to its users.
In this case, we can consider other crypto that has usecase and compare them to other stocks as are investing on the companies projects and future roadmaps or updates.
1149  Economy / Gambling discussion / Re: Horse Racing and Gambling on it should be banned on: May 15, 2022, 05:12:29 PM
There can also be times when the government changes their minds. It's because it's no longer healthy not just for their citizen but also for their country.
When there's a petition like in horse racing, a movement or group files that because they're seeing the irregularities and it's no longer a normal thing to see such deaths of horses due to mistreatment.

In an ideal society, the government is the representatives of the people. If people don't like the idea of horse racing (with the associated cost of the death of racehorses) then they will give it up without any decrees or orders. But if some people consider this to be normal and others do not, then it probably cannot be banned, since the priority of human rights and not animals should still remain.
Not only on an "Ideal" society should the government represents it's people but rather it should be common sense. However, Governments rather act when the masses are against something which is the only time they act.
Also, in this case, I don't think anyone will think that it's normal for horse in these activities to be hurt or mistreated. Yes, horse racing may a norm to some people as it has been a sport long before and I highly doubt that they'll ban it but they can do something for the people who mistreated the animal involve.
1150  Economy / Gambling discussion / Re: PH banned online cockfighting - Worst gambling-related cases recorded! on: May 15, 2022, 03:55:13 PM
In the GCASPP app itself, you can access the online betting (Pitmasters) different from the only method before that you can only play thru an agent and send them the money. Since it was easily accessed on the GCASH app, the deposit is just one click making the whole gambling easily accessible by almost all GCASH users.
Either you'll need an agent or directly use the app, the fact is many bettors became addicted because it is convenient and accessible even for minors.

Its not really surprising why it became popular because cockfighting is a traditional gambling game in PH. Thus when the e-cockfighting became available, many got hooked, some people earn but its likely majority of these gamblers lose their money.

Nevertheless like any other gambling games, if you dont have control you might really end up in a worst situation.

I remember those jokes, gambler able to buy an NMAX after playing E-sabong online thinking that it was good but the sad truth the person used to have a Montero and with bad fate he losses from E-sabong and sold his Montero. A lot of cases happened. Some made a joke but behind that, there are realities which un-controlled cases that end up losing a huge amount of money from this gambling venue.
These memes kinda gets me everytime I saw it at those times as you might thought that you can envy them knowing that they have a bought some motorcycle by joining the platform. But after reading the other half, you'll know that they have lose their money as they previously had a car instead.
Anyway, these people are the one that should have not started gambling as they have no control on their self. Knowing that they have resorted on selling their properties just to bet on the platform.
1151  Economy / Gambling discussion / Re: PH banned online cockfighting - Worst gambling-related cases recorded! on: May 15, 2022, 01:40:31 PM
Gambling favors the operators because they have the edge, like in online cockfighting, the operator would always take at least a minimum of 10% from your winning and they already do the math to reflect on the odds you are talking, they are making a lot of money from that, so overall, gamblers are losing more than they win.
That's why they are playing huge taxes because they are making of money from their operation, and yet the government still decided to stop the online sabong. As you can read in the article below ;
 
Atong Ang’s e-sabong firm earns P3B gross income per month, senators learn

Quote
MANILA, Philippines — The government generates a P640-million revenue from e-sabong operations in the country per month, a “pittance” compared to the P3 billion gross monthly income being earned by the online sabong firm of gaming consultant Atong Ang.

That's a lot of money right?

For those who are not from the Philippines, you can convert that amount to $57 million per month.
One of the industries that another good contributor to our country was E-sabong or cockfighting especially as how it got it's limelight and hype from our people. Almost everyone was involve and has been joining e-sabong as content creators or youtubers are one of their main promoters and advertisers.
No wonder even teenagers who doesn't have any knowledge with cockfighting are applying as an e-sabong operator. One other thing, as to why it got so many players as joining or betting is too easy if you have a sim card.
Anyway, it's a good thing that this activity has been stopped as there are too many negative aspects it involves mainly is animal cruelty. Also, I don't even know why people who don't really gamble will join the platform which causes them to be addicted and just as OP said getting broke, losing assets, property and even their own family members.
1152  Economy / Gambling / Re: Gambling Brand Name or Site Functionality? Or Both? on: May 15, 2022, 12:34:14 PM
~snip~

If you can have both why not, brand name is important if you look at the domain marketplace people are buying thousands of dollars worth of domain just to get it because branding is part of marketing, it starts here a great project always start in a brand name, but what is a brand if the functionalities are not what gamblers are looking for.
A great project should have both, a brand name is what makes them come but functionalities are what will make them stay.
Agreed, both branding and functionalities should be considered when starting up an online gambling casino especially with the number of competitors right now.
However you should also consider promotion and events for your gambling casino as casino are considered to be generous with their clients. You can start a gambling platform with a random brand name and a casual functionalities but can still have a lot of clients coming in due to being generous thru events and promotions.
Still, having most of the qualities that your client would like to see is the best way to start up your gambling casino.
By the way, this is just my opinion and I am not a gambling operator but a humble and degenerate gambler.
1153  Economy / Economics / Re: Taking loan during high inflation? on: May 15, 2022, 10:34:29 AM
Your friend has told you some schoolbook advise,that doesn't always work. Schoolbooks can be wrong sometimes.
Inflation can be good for the borrowers,but only if the borrowers manage to use the money they have borrowed in a smart way.
Buying BTC with a loan is an extremely risky decision.I don't recommend newbies to do this.Bying real estate with a loan is OK,but the value of the real estate property depends of the location.If the location is shitty,the price of the real estate won't grow in the future.
However,I don't think that the big western central banks would increase the interest rates at levels that are sufficient to stop the inflation.
In the near future,the inflation rates will be higher than the interest rates,which means that borrowing money would be beneficial for the borrowers(if they use those money to make some smart investments).
The advice he received from his friend is rather one of the common economics advice which is just as you've said "book advice". But yes, not everything will work as you've intended to even if the risk won't be that high.
But before even considering this method, you must keep in mind that you still will need to have the amount you're loaning as it is not yours. Loan is a loan and you must pay it. These methods are mostly used by rich people to further widen their margin on their investments.
Still, borrowing for investment purposes could be a double edge sword where you might lose what you don't have.
1154  Bitcoin / Bitcoin Discussion / Re: A time people have been waiting for bitcoin to drop on: May 15, 2022, 09:10:15 AM
~snip~
Can anyone advice - I am new to cryptocurrency, is it the right time to buy Dogecoin?
The coin price is increasing and there is a chance that it will rise more because of Musk, after he has purchased twitter. Please excuse if my question looks silly to expert members.
Pardon my intrusion and my question, May I know, how are you new to cryptocurrency if have been a part of the bitcointalk community ever since 2014. Is it safe to assume that you have bought that account?
Anyways, There is no advisable time or date on when you have buy your tokens as most cryptocurrency are volatile and are sometimes directly proportional to other token's price such as what happened with Luna and how it affects other cryptos.
Also, I rather not use Elon Musk buying twitter as an indicator to buy tokens as it does not reflect to any tokens since Twitter doesn't have it's own cryptocurrency.
1155  Economy / Gambling / Re: Would you support a collective boycott of all Russian gambling platforms? on: May 15, 2022, 07:52:15 AM
Russia has been impacted by the sanctions, however since they knew they were going to eventually wage war against Ukraine then it is obvious they have been preparing themselves for this scenario, so the sanctions are nowhere near enough to stop them and if anything it is making them more convinced to take Ukraine for themselves, as otherwise all what they did would have been for nothing, and since a direct confrontation between Russia, the US and European countries is out of the question then sanctions are the only possible way for those that support Ukraine to try to damage Russia a little bit.
I support peace. But this is not possible. I am longing for something we talk most about yet we work least about.
Every super power chants slogans of PEACE and they fool people by showing off a different face, I am so tired of all this.
With the current conflict going on, it will be harder for us to achieve peace especially since all of us aren't working with each other. I mean, how can we achieve peace if there are racial, gender and many more discrimination going on. We all say that we want peace but it is something that we can never achieve.
Anyway, with the conflict going on with Russia and Ukraine, boycotting either of the countries will not help the war between these two as the people who will be affected by these boycotts will be the business owners and not the government. Let's just follow the sanctions that has been provided by our country to avoid further conflict.
1156  Other / Politics & Society / Re: Why Russia isn't using it's full force in Ukraine ? tactically .. on: May 15, 2022, 07:06:52 AM
You might be right on firepower of a large nation like Russia but to guess their tactics is probably giving too much credit.   They pulled back because of so many losses while counting any success, war is ultimately destructive and a horrible loss for both sides this is always true.
 They destroyed buildings and its a civilian city, I think their fight is not well chosen or directed for winning anything tactically in effective advancement of the war or possession of this country; I would not want to advise them on any better course of action as the whole endeavor is an appalling waste of time and life for those paying the cost.
They are a lot of factors as to why Russia they are pulling back with their attacks to Ukraine. We know as much that Russia can win the war that they've started with Ukraine however I don't that this war's purpose is to mainly destroy the country or overtake it.
Clearly, they are just showing their power not to Ukraine but to the whole world in case a much more bigger conflict could occur. Also, I'm sure that there are more negotiation going on that is not being shown in the media that will provide a huge gain with Russia.
1157  Economy / Gambling discussion / Re: Horse Racing and Gambling on it should be banned on: May 14, 2022, 11:19:42 AM
This is the sad reality in the society we're living in. If the majority is siding with it, they perceive it to be good even though they know deep down that it's not. Perhaps it's conditioned in their mind that as long as they benefit from it, despite the consequences it has for others, it's all good. After all, they are not directly affected, only the animals. And this mindset is really upsetting. It's like humans have lost their empathy just for the sake of having fun and winning money.


Despite it existing so many years now, I do really hope it would be abolished together with other gambling activities and practices that hurts and put the welfare of the animals at risk. The technology and innovation is quickly advancing and we can do so many alternatives for it. Wishing they'll divert to those instead.

Ever since men stepped on this planet he is destroying the natives of this land be it animals on lands or fishes in ocean. There are many species who cease to exists just because human kill them for fun. I dont think there are many who are interested in horse racing but in gambling. Let these animals live there life just like we are living.
Well not all man are destroying the planet we live in. Most humans who hunts animals are mainly because of foods, money and survival. But, yes, you're right, the main reason why our planet are dying is also because of humans. Just imagine how much pollution we humans are making without even contributing any to control it such as cars, factories and many more.
Anyway, as per the OP's topic about most of us humans are still continuing with these kind of activities where we bet or gamble to these poor animals. Just as AicecreaME mentioned above, we are living in a reality which we are mind conditioned that these are normal. Not only with horses but also with other animals such as cock fights, dog fights and much more. These activities has been happening way too long and might have become a norm to others but it's a good thing that animal right groups and community are contradicting it and now has a voice. We might still hope for this not to be continued and be ended on the near future as there are so much more alternative.
1158  Economy / Gambling discussion / Re: Ever thought of doing your thesis on Gambling ? on: May 14, 2022, 02:46:04 AM
If the gambling is applicable with my course, why not? But it seems that it is most likely for psychology students who are doing their undergrad or post-grad papers since the gambling or gambling addiction is more connected to mental health issue. It is just a surprise that he gets money from his research.
If you will be able to come up with any kind of topics that is related with gambling such as games, platforms and just like for this one which the psychological aspects of gambling then, you might be able to apply on your course. That is, if you are that dedicated to it that you will came up for a topic about it.
In this case, without having the knowledge with the whole thesis, I think that they are not really directly discussing about gambling as they've mentioned loot boxes on games which may have similarities with gambling.
As we know loot boxes or gatcha in games has their own risk since you will most likely to buy it with real money or even grind for it to gain rare items. The chances of these things are limited and with these rare and limited rewards, people are addicted to buying with having any certainty that they'll receive the items they like.
As for the prize award, probably they have defended their thesis too well against other thesis projects which might be reason they've received that award
1159  Local / Pilipinas / Re: GCash offering crypto services soon on: May 13, 2022, 09:36:32 AM
Naunahan pa ni Maya ang gcash. Kaso nga lang inside platform lang talaga na service at walang outcoming and incoming transactions na puwede. Nakareceive ako ng free 80 pesos tapos binili ko lang din ng ADA tapos kanina may free 10 pesos ulit dahil lang daw sa pag log in. Binili ko lang din ulit ng ADA.
Kung ganitong incentive binibigay ni Maya sa mga users niya, siguro naman pati si gcash magkakaroon din ng ganitong starting promo para mas lalong dumami users nila sa crypto side.

Kailangan lang din na maging maingay yung mga gumagamit ng Maya para mapursige ang Gcash na mag offer na rin ng crypto at sana unlike sa ginawa ng Maya na inside service lang sana parang coins.ph ang maging setup ng Gcash para pwede mag rekta ng padala ng mga crypto asset natin galing sa exchange or any crypto wallet na iooffer ng Gcash.

Antay lang talaga tayo ng magiging kalalabasan ng balitang to' sa ngayon kasi wala pang update kung kelan sila mag ooffer ng kanilang service para sa crypto.
Sa tingin ko naman kahit maging maingay o hinde ang mga paymaya users about sa crypto, Gcash will still make a move sa Crypto industry lalo't financial services sila. Pero in case na magrelease or mag offer sila ng crypto asset, I doubt na magiging katulad sya ng Coins.ph or Abra dahil itong dalawang platform na into ay nakafocus talaga for Crypto.

Looking forward pa rin ako sa pagoffer nila ng crypto sa platform nila dahil sobrang useful ng Gcash for me. And mas magiging convenient ito para sa lahat ng crypto investor, nft gamers and collectors na gumagamit ng Gcash on a daily basis.
1160  Economy / Economics / Re: Will BTC be used as a world currency?? on: May 13, 2022, 09:06:22 AM
Bitcoin is unfit for the role of global currency. Firstly, its potential global adoption will be vehemently resisted due to the environmental concerns associated with PoW mining. Secondly, it's the volatility - the global currency needs to be more or less reliable and not swinging like a baseball bat. Lastly, comprehending prices for some cheap goods in sats with all those zeroes is honestly too hard.

Exactly. The fact that Bitcoin is decentralized, greatly minimizes its ability to be used as a global currency. Countries will be reluctant to abandon Fiat altogether in favor of Bitcoin. What will happen is that both Bitcoin and Fiat will live alongside each other for generations. One thing to remember is that Bitcoin was designed to be an alternative to Fiat (not as a replacement). I'm fine with that as long as decentralization wins in the long run. Who knows what the future holds for this exciting cryptocurrency? Just my opinion Smiley
For me, There will be no such thing as a decentralized currency. Which is the reason why I will never think the government will even consider Bitcoin as there currency or an alternative for fiat. I agree that bitcoin and other major crypto will live alongside each other and it will not be considered as alternative or replacement for fiat. However, I have second thoughts for centralized crypto and stable coins which I think may have a chance to be an alternative for Fiat.
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