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April 27, 2024, 03:47:24 AM *
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41  Other / Beginners & Help / Re: Can I really hold onto my bitcoins in the future? on: April 10, 2024, 01:04:08 AM
You can hold bitcoin for future but one thing to remember is that you can never deal with emergency with bitcoin. Bitcoin long term investment gives good profit to wait for it. Invest according to your financial capacity Don't rely entirely on investments have other sources of income to meet emergencies. It will be easier to protect the funds if you have to invest a fair amount of your income source.
If the emergency situation can still be met with other income or by increasing the amount of income through other work, I don't think this will be difficult enough for those who like to save Bitcoin in the long term by considering it as an investment for the future. The opinion you put forward is also quite reasonable because the goal is to be able to earn other income in order to maintain our own investment in the long term. But emergency situations can always be handled well if someone still has a source of income every month, because we don't have to use all the money we get to buy Bitcoin, although that's not wrong for everyone to do.
Well, its really hard to cater to emergency situations if you don't have a stable job that pays you regularly. While bitcoin can be a good and profitable investment, but knowing its long term, you cannot rely on it completely 24/7. The best solution to this is find a real job that gives you a good amount of compensation. It may be hard for you to land at present but if you never stop looking for a job, you will definitely find a decent one in the long run. And still, continue to invest in bitcoin for long term. But I believe putting all your funds into a single basket is not good at all. Learn to diversify as well so that you will gain multi profits in different time.
42  Economy / Trading Discussion / Re: Anxiety in trading (heart disease) on: April 09, 2024, 11:55:56 PM
If you realize that trading is hurting your and you take it serious then leave it because nothing is more important than your health and if your health gets effected then no matter how large sum of money you earned you will not be able to enjoy it.

If you are calm in trading and have knowledge so I think you will have no pressure of win or loss but if you cannot keep calm then it will surely effects your heart. Therefore it is better to enjoy your life with the amount of money you have because one day you will realize that a satisfied life is much better than wealthy life full of diseases.
However, the reality is that majority are still emotional when they gain losses in trading, as much as they want to control their own emotions, but sometimes anxiety really struck them. When this happens, it’s best not to engage into trading for some time and just focus rather on bitcoin hodling. And just return into trading if you are good enough in controlling your emotions to avoid living in anxiety or frustration.
43  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the best asset for investment currently? on: April 09, 2024, 09:03:07 PM
Quote
Why is Bitcoin the best asset for investment currently?

We don't need a long explanation, bitcoin is considered the best investment asset today because there are stories that it has increased in price millions of times, many people have become millionaires by holding it for a few years...is being spread around the world. Many people don't even know what bitcoin is, how it works, what its supply is...they know nothing about it but they know that it can keep going higher and they invest in it.

I never see these posts or questions during bear season but when cow season comes, there are thousands of questions similar to this all over social media. This is also a sign for me to realize that cow season is really approaching.   Cheesy Cheesy
Bitcoin is known to be a get rich quick thing, somehow it’s partly true but certainly for long term investment, and not actually for a very short time duration. With that, bitcoin attracts a lot of investors even those big financial institutions that are currently investing in bitcoin hoping to get massive and ride the bull run season. And with the FOMOs all over the market, I believe new investors are still coming in the market so they can also take advantage while the market is still giving out opportunities to invest and enter the crypto market.
44  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: April 09, 2024, 02:02:44 PM
Its really painful to encounter consecutive losses that's why other became so mad and troll to the threads of the casino. To avoid getting into this situation a gambler should stick with the amount they can afford to lose and know to quit immediately if they are not feeling well to continue or  they are already gaining.

It's the emotion that is killing our passion in gambling, if we don't understand the risk fully, then that's for sure that we will become too emotional when we experience a losing streak. Actually, losing streak is quite normal for people who constantly gamble, we just have to ensure that we are realistic in handling risk, otherwise we will experience this from time to time and we always end up making a bad decision.

Signs that we are becoming irresponsible, if we cant control ourselves and we keep chasing our losses, with doing this consistently, it will make our gambling journey short as we don't have an infinite bankroll, so sooner or later we will get busted.
45  Economy / Gambling discussion / Re: NBA 2023-2024 betting on: April 09, 2024, 11:45:04 AM
So NBA will be coming back tomorrow.

Any early picks here?

We got plenty of games tomorrow but we don't bet all of them, right?

I'm betting on the Celtics vs Bucks as it seemed like Bucks are losing on purpose, maybe putting a bet like to win more than 26 points as this could be a blowout if the starters will play.

Another bet is on the Miami Heat, they need another win to have a chance to be at the number 6.
That's -3.5 vs the Hawks.
46  Economy / Speculation / Re: Bitcoin 190K in 2024? on: April 09, 2024, 01:37:42 AM
That's the so much trust of you in bitcoin mate that you even expect halving will bring that much for the price of bitcoin while I do believe that market will change after halving , it may drop badly that we need to wait till next year before the big recovery happens and to record the another ATH that will be 6 digits value.
but try not to expect too much mate , because remember that sideways may happen.
We all don't know when this sideways can happen to Bitcoin even though everyone also has their own hopes this year through Bitcoin. But for now I also don't expect a drastic decline to occur again in Bitcoin, because if there is an estimate for an increase of up to 6 digits for one Bitcoin, wouldn't it be easier for Bitcoin if the level of correction was only a little without having to fall drastically after halving occurs. Because if Bitcoin falls again drastically before rising again to a further price level, it will take more time for Bitcoin.
Well, only bitcoin can tell. As much as I don't want to see bitcoin price drops drastically after halving, but we don't hold the future price of bitcoin. However, as for my own perception, I am still seeing continuous price correction after halving that will eventually create a price decline and may put bitcoin price into some lower price range. Yes, it would be hard to recover by then but it would create another opportunity for new and old investors to buy more bitcoin so they can make a huge preparation when bitcoin bull run comes.
47  Economy / Trading Discussion / Re: Wait for the right set-up on: April 09, 2024, 12:32:19 AM
( ...)
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
This is very true because, even with how many trade losses you did as long as you have stopped the loss and are not eager to get into a new trade, you will be profitable.
Sometimes 1 perfect trade will able to get your losses back, so at the end, you end up profitable as long as you waited for the right set-up and not chasing losses.
Chasing your losses in trading is obviously a non-profitable strategy because it will push you into more losses instead. Most especially if you are new into trading, then the more that you should wait for the perfect timing to trade so you can make a successful and profitable trade. Patience is a virtue in trading, if you can't wait for the right set-up, then it's better to stop trading and settle on short term investment. However, losing in trading consistently will also leave you some lessons to ponder, so at least learn from it and improve your trading mindset and performance.
48  Economy / Speculation / Re: Will BTC go back to $40K - $30K range before a bigger rally? on: April 08, 2024, 11:55:54 PM
$40k-$30k range?

Sounds like wishful thinking.

What's the matter? Too much fiat currency and not enough Bitcoin? Hope to stock up cheap?

I think we're more likely to see $300k-$400k than $30k-$40k.
Since we know how unpredictable the cryptocurrency market is, anything is possible. Bitcoin can drop to $40k and it can go up to $400k in a single cycle, that is how unpredictable it is and how volatile it can be. If we look at the history of Bitcoin, we know that there have been instances where Bitcoin managed to lose a very high percentage of its value right before the bull run and then it managed to regain that value later on.

So, we can't really say it's wishful thinking or it's not possible because it truly is possible, however, based on how the market is reacting currently, there seems to be no possibility of that happening for now because Bitcoin couldn't even go below $60k for now.
Well, the current price movement of bitcoin is quite impressive these days as it already touches $72k and then drop again, but targeting $40k-$30k, I guess that's already hard to expect seeing bitcoin within that price range. Although bitcoin can still go beyond our expectations, and we have no control of it really, but if we based its current movement, it's supposed to move upward than moving backward instead.
49  Bitcoin / Bitcoin Discussion / Re: Would you advise a friend in the same way? on: April 08, 2024, 10:30:47 PM
You actually only need to tell him about another way of investment. But you never advice him or even force him to invest in Bitcoin. Let him decide himself whether he wants to invest or not. It is not easy to handle the financial of a company. We can't compare MicroStrategy and his company. It is probably too much different.

If you advice him, he has the right to blame you when he fails in Bitcoin investment. But if you only tell him a successful company in Bitcoin investment without giving any advice, you have no responsibility even if he fails in the future. TBH, I won't advice him to invest if I were you. I prefer to tell him about some successful companies in Bitcoin industry.



You can always tell your friend how profitable bitcoin investment is, but you can't lead him on his decision where to invest or if he's really interested to invest those money sleeping in the bank. This is to avoid putting you in a dangerous situation because if your friend follows your financial advice, and eventually fail in the long run, then you will be held responsible of his losses, simply because you were the one who introduced him to bitcoin. You can encourage him to research about bitcoin but you can never tell him to forcefully invest on it.
50  Economy / Trading Discussion / Re: How far can BTC go before halving? on: April 08, 2024, 09:56:08 PM
Halving is just some days way and I am not interested in the price of bitcoin before halving before the next halving. What I am looking for now is the price after halving and I am expecting the price of bitcoin to increase. As for the price before halving, I do not know what it could be but I do not think bitcoin will go more $73000.
I am not expecting so much from this current halving so I don't put high hopes on anticipating a much higher price. I guess bitcoin price will end at $72k or $73k prior to halving due to price correction that's always present in the market. And that's not bad I guess, what's more important is the price after halving and how far it will go throughout it's new bull run. Everyone is anticipating massive profits with the upcoming bull run so let's see how bitcoin will make us amaze once again.
51  Economy / Economics / Re: Debt Management. on: April 07, 2024, 11:52:28 PM
There is no big deal here. And all I will say is that before you plan to collect a loan, you have a plan that when you collect the loan you will pay back within the agreed period of time. And don't take a loan when you don't have any plans in the future to pay back. Because when the agreed time comes and you don't have anything to pay back then the lender will collect your landed or any other properties to settle the loan. Even the two examples op give gave, don't take a loan because of business at the beginning. That is don't start you business with debt because it will affect you in the future if the business is not doing well. But you can take a loan to top up your business and expand it then pay back when the agreed time has come.
You can’t be trusted as a debtor if you have plans to avoid paying back on your loan. Aside that it will ruin your own reputation, it will also break the trust that the creditor has established for you. So avoid doing it as much as possible. Also, if you have the available money even before the due date comes, it’s much better if you pay your loan earlier to avoid future complications. That is if you want to clear off your debt totally. Otherwise, you might end up spending your money on some other things while losing the interest to pay back your loan, which I think is a very bad option. And one is not supposed to do that if you are a responsible debtor.
52  Economy / Trading Discussion / Re: How to handle emotions when you lose during trading. on: April 07, 2024, 10:55:53 PM

We can control our emotions, but not really 100%, especially in things that we don't expect to happen often. Our adrenalin suddenly changes in such situations. So it is important for us traders to have control over ourselves while conducting trading activity on an exchange.

And the only thing that is often carried by their emotions is that they cannot control it when there is a sudden fall in the coins that we hold as holders.

Controlling emotions is not an easy task but to some extent we can hide our emotions in order to avoid losses in our life. Emotions play an adverse rule if we don't are not satisfied with our profit and wish for more so I think once we accept our little profit then we will not decide wrong that will put adverse effects on our future.

If we are long term holders then sudden changes can make our decision altered but we have to think about target instead of wasting time on useless thoughts. Thinking all the time about market changes can also be possible for putting you in greed or fear therefore keep control your emotions while you see that market is fluctuating more.
Let’s just accept the fact that if you decide to trade, you should set some limits on your emotions. Emotions are part of a human behavior, without it, you will never be called a normal human being. However, if you can control or lessen your emotions as much as possible, most especially in a risky activity like trading, then you should stick to it. Otherwise, if you fail to control your emotions consistently and tolerate that thinking, you will never be a good and productive trader in the future.
53  Economy / Gambling discussion / Re: About running an online casino vs an offline casino on: April 05, 2024, 11:17:54 PM
Well, are we just see this in general concerning online and offline crypto casino the both have their differences, I think the online make more money than the offline because of location, if you are running offline you will just have a limited gamblers that play in the area meanwhile online you can play from anywhere or even a different country.
Offline is just limited to a community meanwhile online you can play from different part of the country, I prefer online to Offline but if the online casino also have the offline that is more good
We must nor forget the higher costs of offline casinos, the amount of money you will have to spend to get all of the slot machines and other games in place, the maintenance of the machines, paying all of that staff and the bills is simply too much, to the point it is impossible for any one person to start an offline casino anymore due to the high costs involved, so if a person wants to get involved in the industry they do not have too much of a choice but to try their luck with an online casino.

The business permit alone to operate a gambling business is already tedious for offline casino, let alone all the infrastructures to be placed inside. Gambling license for online casinos for me is much easier as you can transact online like the one from Curacao gaming license.

Offline gambling business will need a lot of funds before you even begin with your operations, whereas, online casinos may need few bucks to start with. But both will need long-term plans to sustain the business. Launching may be easy for online, but the sustenance is hard as the competition is getting tough owed to numerous online sites available.

That's why those who tries to operate a physical casino will do every business analysis to ensure that what they have invested will result to a proper in an expected time. I guess we call them the big boys in the gambling industry, as not only they run a casino although that's their main but they are also making money with their hotels and other facilities that gamblers could use and enjoy during their stay. Let's consider vegas for example, they are popular for a reason and despite the advente of online casinos, they still stand strong with their growing business.
54  Economy / Gambling discussion / Re: NBA 2023-2024 betting on: April 05, 2024, 10:58:23 PM
The Warriors came through for sure with a big win. I figured they would. Any time a team makes it personal you can expect them to give more effort than usual. I didn’t look at the Dallas stats yet but they shouldn’t need much to have won that game. I’m glad I took home a W for the day. Until tomorrow…

They are unstoppable now and everyone are doing their fair share. 23 point victory over the Rockets, that's a huge statement.

And what's impressive about their performance is that Klay Thompson was activated in this game,  (the real Klay), made 29 points but was 7-11 beyond the arc. If he can play like this consistently in the play-in, I have no doubt tha the Warriors will still be a championship team.

Sorry for the Rockets, they are out now.  Cry

The Dub nation fans definitely could not have wanted their Splash brothers back in a better time than this, at they very end of the season fighting for it all, and if that shows anything, it just shows that the team can come through under any form of pressure and whatever is on the line, they can still put fear into any of the top seeded teams. Although the Curry-Klay-Draymond dynasty is coming to an end imminently, but could they still have one more push to go deep into the post season right ? A win over Houston Rockets has almost guaranteed them a play-in tournament at the very least.

They were in the same situation before, I think during their last championship stint they didn't finish up with a good ranking but still manage to upset those who are at the top. So I'd say that the Warriors are a very dangerous team, they know how to win and how to handle the pressure, so even if they'll be in the situation of a do or die game, i think they are worth betting with.

Today is like a playoff game for them, if they get pass it on the road against a great team, then there chances will keep increasing.



Wait, did something came up for the Dallas? They opened at -5 now only -1.5... Shocked
55  Economy / Gambling discussion / Re: Canelo Alvarez - Jaime Munguia May 4 Super Middleweight Championship on: April 05, 2024, 01:57:24 PM
And so Alvarez responded to his former manager, Oscar Dela Hoya,

Quote
Alvarez, speaking to the Los Angeles Times En Español YouTube channel, didn’t pull punches when weighing his former promoter’s prediction.

“I think it’s the stupidest thing I’ve ever seen in my life, and that’s what Oscar is,” Alvarez said, according to the channel’s closed-caption translation.

“Oscar relies on nothing more than saying stupid things, and that’s why people pay attention to him. But in his company, he does nothing more than say stupid things. That’s all he does. That’s all he knows how to do.”

https://www.boxingscene.com/canelo-alvarez-on-oscar-de-la-hoya-saying-stupid-things-all-he-knows--182627

Canelo Alvarez is responding about Oscar's comment that he can beat Alvarez if they fought in their primes. But I don't know if he can do it, I mean Dela Hoya when he moves up from 154 lbs to middle weight doesn't look good. So who knows how this proverbial fight will end.

That's Canelo call it stupid because Oscar is saying something that he isn't sure of. What he believe is different from what people or Canelo believe, so he should have shut his mouth up.. Here is the thing, if He and Pacman did not fight, people would think that he will easily beat Pacman because during the fight Oscar was the heavy favorite but it turns out it was a one sided fight.

Oscar just trying to make noise again, well, what can we expect from him, he is a promoter so he wanted to be in the news to stay popular.
56  Economy / Gambling discussion / Re: Does prediction in sport work for you? on: April 05, 2024, 11:19:04 AM
Before making a prediction about a match you need to have a good idea about the two teams playing in that match. You have to make a prediction after making sure which team is ahead in terms of strength or which team player is better or which team player is relatively worse between the team you are betting for and the team you are against. Now if Real Madrid and Manchester City play against each other it is very difficult to predict these two teams but it will be easier for you to predict when you can identify a weak team against a strong opponent. Real Madrid vs Granada match if you have any knowledge about sports you can definitely pick strong opponent here and whenever you can pick strong opponent as per your prediction the result will be more likely for you.
It doesn't work like that easily because there are spreads on the game, you cannot just pick which one is better and expect a 1:1 payout, that is not sports betting at all since bookies would not allow that. You know what, sports betting is really complicated, knowing the game or mastering it just one of the basic factors you need to consider, but the real challenge is where you can measure your growth is in the long run, if you see you have a good winning rate, that could translate to profitability if you know how to manage your bankroll.
57  Economy / Gambling discussion / Re: NBA 2023-2024 betting on: April 05, 2024, 04:15:51 AM
The Warriors came through for sure with a big win. I figured they would. Any time a team makes it personal you can expect them to give more effort than usual. I didn’t look at the Dallas stats yet but they shouldn’t need much to have won that game. I’m glad I took home a W for the day. Until tomorrow…

They are unstoppable now and everyone are doing their fair share. 23 point victory over the Rockets, that's a huge statement.

And what's impressive about their performance is that Klay Thompson was activated in this game,  (the real Klay), made 29 points but was 7-11 beyond the arc. If he can play like this consistently in the play-in, I have no doubt tha the Warriors will still be a championship team.

Sorry for the Rockets, they are out now.  Cry
58  Economy / Gambling discussion / Re: 2024 NBA Season on: April 05, 2024, 03:54:19 AM
Knicks got an important win. At the start of last quarter the score was tied but Knicks played great in last quarter. It was Brunson and Hart's night.
Warriors beat Rockets and secured their play-in spot. Şengün's absence deeply affected Rockets. They had a small chance for play-in, but Warriors had a good win streak so Rockets is out of the picture. We can still say they had a pretty solid season. They will be much better next year.
I thought that the Knicks would just give up at home due to the Kings great start, but they were resistant, they showed that they have to be respected at home as they have a great record. As usual, Bronson is the man but I'm glad seeing Hart getting his points with a very accurate shooting night.

Rockets though are in 3 losing streak, they are out and the Warriors are in.

Şengün's absence may not be too significant as they have a big run without him, that winning streak they enjoyed before this 3 losing streak.
But of course, it's better if they have him as he can put numbers night in, night out.

Good game between Nuggets and Clippers. It's like Western Conference semi finals preview. Nuggets started better but Clippers is playing well even without Kawhi. It would be a good series if they meet in play-off.
NO Kawhi, it's not a problem for the Clippers so far. I like the Clippers here as they were down big early but came back and now leading the game, it seems like they have the momentum now that is hard to stop.
59  Economy / Gambling discussion / Re: Lately I've been thinking about this a lot. on: April 04, 2024, 09:51:39 PM
All these are happening in real life, that's what we called a rigged fight or game. There are rumors about that in any kind of sports, so it's not new at all. As a gambler, we should consider the possibiilty that any game could be rigged, and there's no time for us to comply othewise it will only distract us and we will keep losing, thing we should do here is just bet on the right side by considering all the factors involved, including a possible rigged.

That's the life of a gambler, we never know if a game is rigged or not, but even so, there's still no assurance that the fighter we trusted to win is guaranteed to win, you know, there's this thing called an upset which underdog wins but most of us doesn't bet on underdog.
60  Economy / Gambling discussion / Re: Subriel Matias VS Liam Paro IBF Super Lightweight June 15th Manati, Puerto Rico. on: April 04, 2024, 02:06:14 PM
Liam Paro is undefeated but his challenge is with a boxer that has a 100% KO rate.

Though Subriel Matias is not undefeated but his record is very scary. As the poll suggest, everyone thus far is rooting for Subriel Matias and I think there will be no excemption here, Subriel Matias might still win by KO or RTD as that's the outcome of his last 5 fights.
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