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861  Economy / Gambling discussion / Re: Gambling is not a steady income haven on: July 11, 2023, 11:33:18 PM
Of course it is completely absurd to think of gambling as a source of steady income. There are some platforms for making steady income like those who run a business online or offline with a product or service. There the person gets a chance to earn a certain amount of money in exchange for the goods or services but this is not the case in gambling. If you win a good amount of money in gambling, you are more likely to lose it again later. If you put money, it can be lost or come back. So it is impossible to expect specific amount of money on uncertain platform. It is uncertain whether some money can be derived from here only for entertainment purposes. Many gamblers join gambling for the purpose of earning more money from gambling and later lose everything to become addicted gamblers.
It is never good to give as a very good thing or as a safe practice to see a casino as a source of total income, because firstly you cannot see a casino as an ATM and secondly you cannot see a casino as a job, The few people who do that or who see the casino as a source of income do not do well, and instead of winning what they do is losing, so it is best to earn money by working or if you want something else. risky but it is low knowledge so that trading is done, which is not all to chance but rather the degree of knowledge weighs heavily.

I agree with you, buddy, because really thinking of casinos as a place to make money and as a means of making some profit is wrong thinking and will bring these people into a circle that only brings downfall.
Gambling actually exists for a business and with gambling it can provide people who get services in it for fun and entertainment and if lucky they can generate winning money or profits.
I can't stop thinking about those who still think that gambling can be a place of income because what is clear in gambling is only defeat, not victory.

But at first I also thought about using gambling as a source of income but when I had experienced many defeats I could think that all this time my assumptions about gambling were wrong, I should have considered gambling for fun from the start.

Well, there are people who can take gambling as a way to earn an income, and wow, I know some friends who do, but why? Because they have the ability to have a lot of money, their parents are millionaires, they left them a tremendous inheritance, they have so much money that they don't know what to spend it on, so for that type of person, they can play ad nauseam because what they spend won't affect them, so these are things that at least I don't have I have money but very little for a casino, but why? because I have responsibilities with my family, and yes, I play in a casino because I like it, it's a way of having fun that I can do from home at any time.

The idea of all this is that people measure themselves according to their economic capacities, a person who does not have so much money cannot play at the level of a whale, because they know that they will lose everything and it will go badly for them, that is what I I call having a sense of responsibility.

It must be good to have a good way of responding to things, that is, if you spend a lot of money gambling and it doesn't affect your daily life, I think I would consider that a blessing, because in the casino the more money you have and apart from having capacity because more is spent.

Even lets say that its impossible to make a living but there were actually people who do actually make a living with gambling on which they could really be able to sustain and make money despite of the risks. We know that there are kind or type of games on which you could really be able to apply analysis and skills of you to determine on which one would be able to win specially on sports betting and also you could really be able to play up that well on poker or other card games on which you could really be able to have that kind of advantage.

Whether we do like it or not, there are really those people who do really have that kind of skills and knowledge on gambling on which they could really be having the advantage on which means that they could
really be that profitable despite on having losses but still in the end of the day they could still make profits, but if not then they could be able to get it back on the other day.
This is why there are still people who are really that trying out to pursue on things something like this.
862  Economy / Economics / Re: What will you do when you have Financial Freedom? on: July 11, 2023, 10:20:19 PM
When I really had financial freedom what Im gonna do is enjoy life I mean is the obvious answer Im gonna travel around the world. But i don't know why the billionaire today is most likely work all the time hahaha.

If I can earn around 1000$ a month by doing nothing I will stop working and enjoying life  Grin
Your interest seems almost the same as mine. Because I also have the same desire, namely to travel the world. There are so many countries I want to visit. And if I have financial freedom then maybe it is the right time to make my dream come true. but I will do that after I can help my family to also be able to enjoy life and have an established financial situation.

Well at this time there are actually many billionaires who continue to work and earn more. Maybe that's how they enjoy life, namely by continuing to build their business to be bigger and bigger. But I may not want it that way. I want to have financial freedom and like you I want to enjoy life more calmly and comfortably.
There are people who doesnt really have that kind of contentment and this is why they would really be making themselves even more richer and have forgotten on cherishing out or giving up some time for themselves which i would definitely be liking to travel on different places in the world if i do have the money and of course in together with my family on which it would really be that normal.Next is on having that kind of lifetime savings or allocation for my children when it comes to their education and funding if ever we do pass away with my wife because we cant really live that long.

Better to be contented on the time that you had enough but since we are just human beings and naturally greedy then there's no such thing about enough. We do have different approach on how we do gonna
do on our riches and this is why some might be focusing on going and buying the things that they do want and there are ones who dont care and just work more and harder for them to have more money.
863  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: July 11, 2023, 09:13:15 PM


Oh man, personally think the fight between these 2 billionaires is just a joke. I do not take it seriously really. But I guess there is really something thats taking shape on the challenge between these two, especially now that we see an image of Mark Zuckerberg training with Adesanya and Volkanovski. Well, that's pretty much the perk od being a billionaire, you gotta choose who you want to train with.
Well, there will be some kind of joke rumor around the internet right now as we all might going to see Elon training with Khabin LOL!
You need some joke?
You will definitely laugh on this one.

Battle Of The Dicks: Elon Musk suggests penis size contest with rival Mark Zuckerberg
Elon Musk Proposes ‘Literal Dick Measuring Contest’ With Mark Zuckerberg Amid Threads’ Continued Success

This news circled around for some few hours, so this is the latest update which i did actually laugh but surprisingly lots of people
had been longing for this one to happen and of course it would be live.  Grin
864  Economy / Trading Discussion / Re: Minimizing Risks in Crypto Trading: Essential Tips and Strategies on: July 11, 2023, 08:40:38 PM
7. Continuously Educate Yourself:

This would be a continuous process on which there's no such thing about pinnacle when it comes to knowledge into trading considering that this market does have tons or lots of variations on which
you would really be needing for you to adjust and make out that kind of analysis. It wont really be that just like on having some possible patterns on which you could really be making those various
strategies and would really be that so sure on what would be the outcome. As we do go far with our trading career then we would really be able to experience or would be able to meet up
situations or conditions that we might not have able to face up before. Therefore, you would really be needing to be versatile with these kind of conditions.
865  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: July 11, 2023, 07:31:52 PM
I think there is huge difference between a gambling addict and gambling professional. Gambling addict is a tag used for people who can't stop gamble and mainly lose money. Successful gamblers can also be addicts if they experience mental issues. But in my opinion people tend to see successful gamblers as ones with skill and high intelligence. It s funny how society cares so much about how much money you generate through different things.
It is true because a gambling addict wants to continue gambling even to the point of borrowing money from other people. Meanwhile, professional gamblers know the boundaries so they won't break them. In addition, there is another difference, namely the problem of self-control that gambling addicts don't have, where they can't stop even after they get a win. Professional gamblers can stop immediately after winning or reaching their gambling target to have more opportunities to enjoy their winnings. Maybe there are professional gamblers who don't target how much money they have to get from gambling.
Professional gamblers seem to have a mindset that is quite different from most of us who just gamble with anything being done because the focus is different.
Even though we want to pursue victory, in terms of the patterns or strategies carried out and the planning that begins are clearly different because what we are looking for from the beginning is fun so we don't learn anything else because the focus is there.
But when talking about professional gamblers from the name alone there is already "professional" then this will indeed be a little different from those of us who play gambling dirty.
But when talking about addiction as the initial context, I actually think this goes back to each of our opinions because sometimes our opinions will also be very different including the word "addiction".
Once you do call yourself a professional gambler then you would really be having that quality on which it is really that totally too far into those casual gamblers who do really play most of the time. Once you do achieve

on a certain level or condition on which on the time that you would really be that able to control yourself towards gambling on which you could stop and play as you do like or could even able to call it a day.
Then it do pertains that you do really have that good self control and discipline towards yourself on which it would really be just that totally different compared to other people or gamblers around.
Success means its profitable and we know that not all would really be able to touch up this area and would really be most likely been getting wrecked up by gambling in the end of the line.

Addiction is common on which it would really be mostly be ending up on a certain individual if they arent that careful on what they are dealing with.
866  Economy / Gambling discussion / Re: Easy or hard to quit? on: July 09, 2023, 11:37:45 PM
As someone who is not a gambling enthusiast, I can assert that quitting gambling can be remarkably straightforward. Merely stepping out of the confines of my home and engaging with others allows me to break free from the clutches of betting. However, if I were someone of substantial wealth, the more discretionary funds I possess, the greater influence it has on my inclination towards gambling. Naturally, my disposition towards indulging in gambling depends on the circumstances surrounding me. If there are alternative activities that can divert my attention and prevent me from gambling, I would gladly abstain from it.
A person who gambles or does not gamble too much should have other activities to block his thoughts about gambling. This helps a person overcome the urge to gamble to determine when they will gamble and when to stop gambling. And even though you don't have a lot of money, you can calmly play and stop gambling, especially if you are very rich with lots of activities. It will make you feel and think that you really value time so that when you are gambling, you won't be gambling for too long because you have other activities that you have to do. We see that quitting gambling is easy but not for others. So those who see quitting gambling as difficult must be able to study hard to get out of gambling easily.
it would be easier to have other alternatives to vent his addiction to have fun in other ways. I mean like when I run out of my gambling budget I will play video games that make me forget the thought of gambling.
maybe this method is not very guaranteed, but I have done it myself and feel that video games can be an alternative to slowly forget about gambling.
Try to divert out yourself into other activities which it is really indeed true that there are things which it could really distract you on playing gambling once again but i would say that it would really be just that hard on doing

so specially if addiction towards gambling is severe then there's no other things that you do have in mind but to gamble. The only key for you to quit up is on the time that you dont have funds or money on your pocket or account for you to do so. Usually people would really be stopping on playing gambling on the time  that they would really be completely be wrecked out with gambling. This is why on the time that we would really be
engaging into this kind of activity then we should really be that wary on making ourselves that potential addiction could really happen. This is why it would be better that we should
play gambling for fun and leisure and not for making income because thats not how it should be in the first place.
867  Economy / Gambling discussion / Re: Game Winner Result Changed After 24 hours (Defaulted) on: July 09, 2023, 10:13:03 PM
eSports' reputation has been damaged by this episode, and betting platforms' accountability is in question. The answer to your inquiry isnt simple. If a gaming platform has settled bets, reversing the transactions would be logistically and ethically difficult. Additionally, it would need to consider the potential blowback from users who had withdrawn or spent their prizes.

Reversing transactions could cause user confusion and unrest. The "winners" would be outraged at their abrupt "loss," while the "losers" may see it as a second chance. Practical limits and user emotion must be considered when deciding whether platforms should promote fairness and justice. Platform TOS and regulatory environments will determine the course of action
If there’s a firm ToS, the site can easily get back the reward but of course it will create panic as many already enjoys their winnings. This incident is indeed unacceptable and can ruin the reputation of the sports. The site will surely create a more clear statement or rules with regards to this one, and that we should be more aware of this especially if you’re into esports as the result can be changed once the winning team get caught for cheating.
Dont know if there are already created some terms and conditions in related into this kind of condition on which there's sudden decision about revoking that win because of an specific condition or issue which it would really

be no possible that the site or platform would really be taking those winnings back considering that most of those bettors had made out some withdrawal of those winnings which it would be understandable.
Now they would really be needing to pay double considering that those losers becomes winners on which they would really be sued out such thing. This is why there's no clarification on how they would
really be able to handle up such situation which it would really be that hard about having this default situation.

Considered losses? Most likely the case but we know that they could be able to patch it up in no time.
868  Bitcoin / Bitcoin Discussion / Re: Do you think at some point government will change its stand and adopt Bitcoin? on: July 09, 2023, 08:35:25 PM
If the adoption you are talking about is legal tender status, then you shouldn't be optimistic about that. I don't think we are going to experience centralized governments massively adopting BTC as a legal tender, especially the governments of first world countries, because in my honest opinion they don't have to and they won't achieve anything doing that, instead they'll lose some of their censorship strengths.

What we can expect is more governments setting a standard regulatory framework for BTC, they will accept it as a financial activity in their country, but they will regulate it and earn taxes from it.
You’re on point. The government may start to favor bitcoin in the future not to make it as a legal tender and rule over fiat, but to accept it as a payment system and to put a big tax on every bitcoin payment. That way, the government will gain the people’s trust again and may create hope that one day, bitcoin will have an equal position with fiat. But in reality, bitcoin is just being used and highly benefited by the government, but it will never come into reality that they will accept and adopt bitcoin as a legal tender.
What would you expect? Government would be always like this on which they would really be always mindful on how to apply taxes on anything. Now that they do able to see that cryptospace does generate that huge revenue whether if we do speak about incoming or outgoing transactions then it cant really be denied that volume does really involved huge or tons of money on which they cant really just let it slip away.

This is why it wont really be that something new if they would really be suddenly making out that kind of acceptance and trying out to flowering up things which seems like the do completely support cryptocurrencies
but we do know that behind those decisions are really having those kind of intent which it isnt really that shocking anymore.

They tend to adopt but all or everything for the sake of taxation and of course on the time that they would be able to apply it then this does mean that they have traced everything or monitored out.
869  Economy / Gambling discussion / Re: how to get over it on: July 09, 2023, 11:58:17 AM
It doesn't matter if they are rich or poor; if they decide to gamble, they must realize that their money can be lost at the gambling table. And that's why they must be ready to accept it and not make a big deal. And if they end up losing their money, they should not try to recover it because it will be difficult for them and there is no guarantee they will be able to get it at the gambling table. There is a risk of losing money at gambling but most gamblers are not ready to accept that loss and if they end up losing their money, they even try to recover it, which will not be easy.
Yep, rich people do have a lot money than the poor, but it's not mean these rich people have unlimited money. If the rich people keep gamble and lose all of their money, they would become poor. But it's quite rare for rich people become an addict and lose all of their money since they have a good financial management and know every risk before doing anything. I think it's only for rich people who come from their parents' wealth, usually their kids don't know how to manage their money.
There's no such thing about unlimited fund but we do know that we do really have that so called ranking or financial status or capability on which the amount that a certain rich person would possess is something that cant be

known on which means that if someone do make out these kind of huge big bets in certain gambling activity on which we poor people would really be just that amazed on how these rich people would be making out these bets.If they could be able to afford on doing such thing then just let them be because its their money and incase they lost then its their money that had been used. There are really just those people
who are really that having those kind of mindset and targets on achieving on something on their gambling activity.

It is really that just too drooling on how much money that they are really that betting on on which it cant really be avoided sometimes for you not to make out any comments or any advises on how they are really that spending.
870  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: July 08, 2023, 11:32:27 PM
...
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.

being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)

the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
I think Bitcoin is actually unique because of its volatility and that's why making people are trooping in and making use of it as an investment means because they know that the fluctuations of its price can make you as investor acquire profits in your holdings depending on how the market is. And this volatility isn't going to change anytime soon because the use of it by people is what marks it volatility as you have already stated and we all don't plan on stopping to actually acquire more Bitcoin in the future.
Unique in the sense that it isnt something that cant be controlled or totally decentralized and anonymous on which this really makes it really that popular and known and now its been mainly been supported.
Speaking about being stable then it cant be that possible, it would really be having that wavy characteristics when it comes to its value considering that the market is really composed with buyers and sellers
which means the price couldn't really just stay on one point on which it would be normal that it would really be moving its price 24/7 unlike on other markers which does have their own opening and closing their markets.

If you are that someone who cant be able to bare up that volatility risks then Bitcoin investment isnt for you.Why needs to be stable? For it to be applied on different businesses or merchants?
Soon when LN network is really that been utilized then we would be seeing this probability but doesnt mean bitcons price would be stable.
871  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: July 08, 2023, 10:05:20 PM
I wish I could have posted this in a more better place but since the thoughts came from gambling addiction, I thought it wise to ask this question over here and I hope we can discuss and get this straight.

Just as the tittle already ask, I really want to know if people who are successful in gambling also seen as addicts because I believe  for one to be successful in gambling or whatever they choose to do, there must be some good amount  of time and effort invested in it as well as money and we know that a successful  gambler must have invested  both time, effort and even money to make any reasonable  winning  and these also are features of an addict as there are always excessive time spent on a betting site.

Now let's be sincere, will you also classify a successful gambler as an addict?
Successful gamblers are those people who do able to make money or make a living with gambling.It might sound that impossible on gambling but it is really that possible but not all would really be to reach out such condition

this is why lots of gamblers are trying out their best on reaching out this state but most of them do fail and ending up on getting wrecked up because of such intent. Gamblers do continue until they would be able on achieving something on which it would acts out as a driving force them to continue on what they have started. This is why gambling industry is really that truly profitable due to this kind of common behavior of most
gamblers.This is why you should really be stopping  this kind of success hunting because only a few would really be able to reach out such state.

Addiction is pertaining into careless actions which ending up on having no risks management compared into those players who had been playing for so long but still minding about profitability on
a very conservative way or something that he do able to manage it out.
872  Economy / Speculation / Re: Bitcoin will fall or rise? $30400 the recent price on: July 08, 2023, 09:10:59 PM
We should expect more of this fluctuations this period as we are coming across the halving gradually, now that we are inbetween $30,000 and $31,000 indicates that there's likely possibilities to break resistance and hit more high to about $40,000 soon while amidst this will be high volatility on both rise and fall, Which can also mean that there's much expectations that we can arrived $60,000 before the end of this year as well as part of the preparation for the next bullrun for a new all time high against next year.
But you also need to be careful of market price reversals. We won't know when the price will reverse when FUD starts coming. Just need to be vigilant and stick to the strategy you made and make sure to have a backup strategy, it will really help. reaching a price of $40k is already high enough and it will be a strong enough resistance to be broken.
Once it pumps and hyped, dumps come next and FUDs manipulate the market. I was certain that there is price corrections but seeing the current market sentiment, I've been positive that it never be going a worse scenario like dumping back to the $25k level. We're not going back to bearish seasons as the halving near comes but instead, we can expect more on the rise because people believe in the positive impact of halving rather than believing the negative news. To expect $40k, that seems possible (or even more).
Not totally shocking or surprising already on which this had been always like this on which the price could be giving out some good green candles and later on there some popped up nowhere negative news or Fuds then the

entire market would really be having some dive. Something new? It wasnt and this had been pretty normal and if you are a noob then you would definitely be having these kind of actions on which you would really
having that kind of impulsive approach which might lead into bad decisions on which it is something that you should really be needing to avoid. Make yourself that fully aware or wary about on how things goes
and how do things works so that on the time that you do make out realizations then later on you would really be able to go with the flow.

Now the price is going up and down on even playing around on 30k price on point which going up beyond few hundred dollars and dropping down below it which i could say that it would be a good entry on doing so.
873  Economy / Gambling discussion / Re: What attracted you to gambling?Share your experience whether good/bad. on: July 08, 2023, 08:44:19 PM
Stress forces me to gamble more since gambling can give entertainment and that’s what I need right now.
Fortunately, I’m still doing my budget and plan when it comes to gambling so I won’t become more stress if I lose the money. Many
It should be on which it would really be that recommended or suggested that you should really be setting out a budget when it comes into your spendings on gambling so that you would really be able to handle yourself
that well and wont really be able to be wrecked up with gambling just because you've been spending that much on the money that you arent really that supposed to be spend on that thing.

Gambling is for leisure or fun which it is really just that right on having this kind of treatment as it should really be. On the time that you do have that kind of intent on the first place then you wouldnt really be finding
yourself into addiction kind of trouble since you've been wary about on what are those risks and possibilities. This is something that you would really be needing to have in mind.

Gambling could be good or bad basing on the actions you are making. Good in the sense that it would release up some stress at the same time it would really be that giving the chance on
making profits or making money if you are that lucky enough.
874  Economy / Economics / Re: What's is daily budgets or expenses as a bitcoiner? on: July 07, 2023, 10:12:30 PM
I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?
Daily expenses isn’t something you could easily put a tag on as, it varies so much due to the day. In fact for some, you’re more likely to spend more money on a weekend than you would do on regular days. Even still, some days of the week might turn out to be more demanding than others.
Should you put your considerations on a monthly base, that could be tagged but, t doesn’t feel so cool declaring what my expenses through a month might be like. It’s something I consider private and should stay that way.
Don’t know what it is to you though @OP.
Yes, lots of things which could really happen on point on which it would really be adding up on overall expenses but if we do make out some estimation then we could really be able to give out those numbers.

For me then i would really be spending that $30 per day at least when it comes to meal and gas and it would really be keeping on adding up if ever there would be some additional on which it is true that
not all would really be able to make final numbers because of different factors on which it would really be just that normal on having that kind of adding up on those numbers.

The important thing on here is that we do able to make budgeting according into our income because if you arent really that good on budgeting then you would really overdropped.
This is why you should really be that mindful about your spending on which it should really be that just right basing on what you do earn.
875  Economy / Gambling discussion / Re: Gamble Responsibly on: July 07, 2023, 09:33:32 PM


Yes you are mate, we must gamble for fun only and not have the mindset that we can earn daily a big amount of money because in the world of gambling we can not predict the outcome of our every  bet. Sometimes we will win and sometimes we will loss. So it's better to aim happiness than profit. Here in in my country some gambler loss big amount of money because they are aiming profit. Once they put a bet they will mind that they will win and if they loss then they will double or triple their bet.
Those who gamble daily are addicts and don't gamble for fun. You will find them more than those you are talking about. Gambling is entertainment but when it becomes addiction the gambler himself won't be able to recognise this issue. Everyone starts for fun, adrenaline rush, excitement and passing time then when they start losing they become agitated and want to get the money that they lost. This is where the problem starts. If anyone is able to cope with that problem then they become social gamblers. That is what everyone needs to do.
You make good sense on your comment, but permit me to disagree with you on this particular statement you made saying that "every one starts out gambling for fun", if I must be honest with you this day, i personally did not start gambling solely because I wanted to have fun or anything related, I decide to play my first gambling, which was actually a local lotto, after I saw a winning lotto ticket of one of my casual friends..

I was in need of money at the times and needed a way to make that money fast, after seeing that friend of mine wining ticket , I was super hungry for money and thought maybe I could end up as a lucky guy the same way my friend was..

So long story short, what drove me into gambling was the need for money, it was along the line that I started learning and believing that indeed , gambling is just an avenue to have fun, not necessarily an avenue to become rich overnight.
I agree with you that almost 100% of those gambling these days are all doing so for the money they intend to win and most time they even have high hope for the outcome of their bet, and for that, they tend to go all in which is the reason why we have so many addictions cases this day.

Most people believe that gambling is done for fun it was true that gambling is meant for fun back then, but lately, casinos have really monetized gambling this day and most people are now gambling for the rewards and no longer for the fun of playing games.



At present, a lot of need Was generated because the Impact of the Pandemic left many People unemployed, this as a consequence due to the despair of not receiving a 15 or a last one , since some chose to get well with the casinos for as an option and I understand them because it is a Desperate measure and it is a way to get Money , but doing everything so that it is a Single oOption is the Hardest thing that can be, I Rreally do not Recommend something like that, and having a stable job, but leaving Everything in years of Casino is not the Idea.
Income source should really be totally separate with gambling because its never been that a good viable solution when it comes on making it an income because instead we would be able to earn then you would lose instead on which there's really no point when it comes to  making it as your main income or source of living. This is why people would really be ending up on messing their lives because they are trying to

push out this kind of idea into their minds which is really that actually having no sense when it comes to realistic kind of making decisions in life which is something that you would really be needing to avoid
as much as you could. Gambling is different from having a day job which we do know that it do brings out money for us to survive. Gambling is for leisure and you should really be able to
realize on what are the things which are really that supposed to do so compared on having this kind of risky decision on making gambling as a source.
876  Economy / Trading Discussion / Re: Making a x10 or x100 by short selling on: July 06, 2023, 04:43:21 PM
It's the dumbest thing to use leverage as high as x10 or x100 and open short position on futures, it's just the dumbest thing to do in the world. By using x10 leverage, in case prices increases by 10 percent, you are going to lose all of your money and with x100 leverage, in case price increases by 1%, you are going to lose all money. While it's true that in case prices decreases by 10 percent or even more, you are going to make enormous profit, your timing should be perfect and there is a very low chance one can be that lucky. In the best case, you may succeed with x10 leverage but your timing should be perfect again. Personally, I wouldn't risk with more than x2 or x3 leverage because you have to keep in mind that sometimes exchanges manipulate with futures trading to liquidate assets. You can open Binance and see that sometimes on futures trading, enormously prices increase or decrease, is not on par with spot trading and then after some minutes, it stabilizes. This is the time when your assets will get liquidated, that's why you shouldn't risk with more than x2 or x3 leverage.
Unfortunately there are a lot of people who do that, why do they do that? I have no idea but we all know that they are still doing it. Leverage is a very risky business and we need to realize that it is going to hurt a lot of people and we need to move away from that as quickly as possible as well.

If we keep on trusting that bitcoin will be going up or down for sure and we end up with an investment like that, we are not going to be happy about the result, we need to just realize that's not possible anymore. If you think you are 100% certain that you know which direction bitcoin will go enough to do a 100x leverage trade, you either have to be amazing at trading, or you are going to lose all your money very quickly, that's not that smart.
We cant really just deny on the fact that there would really be those people who would really be having that kind of gambler like kind of act when it comes to investment on which it would really be just that normal that they

would really be having those considerations on taking up such step for them to invest and trade out despite of the high risks that they are getting involved into. Leverage on making use of 25x above or more is already
considered to be risky and its not something that i could really be affording on doing so.How much more into those max leverage using up 125x or more? Yes, it would really be that so much
rewarding if ever you would be able to get the right trade or position but we know that this market is unpredictable on which it would makes more even that riskier.

It isnt really t hat something recommended if we do speak about engaging with leverage or futures trading on huge one.If you dont mind then go ahead and proceed.
877  Economy / Gambling / Re: is KYC data on Gambling sites safe? on: July 06, 2023, 03:43:36 PM
If you data is secret - the best way don`t share it. Nowadays we see how big companies loose their clients data. So when we talking about casino - we have to assume that our data would be stolen. But as for me - we lose our data every day, and if you worry about it - you mustn`t provide your data anybody, not only casino.
The way things are these days with centralized businesses with regulations and licenses and authorities suing and seizing companies and websites, I doubt if users really have any choice. To be able to gamble online, you will either need to provide KYC information or choose to risk your money by choosing a platform that doesn't ask for KYC but isn't trusted and reputable, now it's up to a gambler which of these two options he chooses.

Personally, I would rather choose a trusted and reputable platform and complete my KYC to experience uninterrupted gambling instead of using a platform that I don't trust nor does the community to risk my money and I might not even be able to withdraw if I manage to win something significant.
Exactly. Today i share my data with huge quantity of companies all other the world. And i can`t even name the company that will lose my data. Of course it doesn`t mean that we can KYC everywhere - we have to make at least minimal analyze of the site before KYC, because there are lots of fake sites and sites that were created just to collect users data.
Why anyone or someone would really be that much mindful about such information considering that we've been doing some KYC even with those traditional transactions that we do have in real life or done physically?

It is somewhat understandable that we do really give out that importance when it comes into our privacy on which it would really be just normal that some person would really be that keen on sharing or giving out our information on which having the fear that those information would really be leaking out or being might used on other some reason. Its true that we are really that coming into a point which regulation and
government intervention becomes even more strict, despite that these are really that crypto based related platforms or companies but still they are really that going abiding with their rules and terms.

If you are someone who do make use of such service or whatsoever it would be but they are really that under about government laws then you wouldnt really be having no choice but to comply.
Getting scared? There's no other choice.
878  Bitcoin / Bitcoin Discussion / Re: Considerations Before Investing in Bitcoin - For Beginner on: July 05, 2023, 11:55:11 PM
This is a very good topic that can guide new beginners in Bitcoin business, and you have said it all from beginning to the end, which is very true and Before investing in cryptocurrency, Bitcoin precisely you need to have the knowledge and also have a mentor or consultant if you really want to go far in Bitcoin business.

Knowledge is indispensable when you decide to invest in any field, not just bitcoin.  but it is not necessary to consult a counselor or consultant, instead you should find out everything and make your own decision.  investing in bitcoin can be highly profitable but also comes with a lot of risks and we should depend on our economic situation.  bitcoin is a risky investment and I don't think all financial advisors will know about it.

that is true, in any type of investment, you need to equip yourself with knowledge. this will give you an advantage if you are in the right or wrong path. also, you need to keep up with the current events so you know if your investment is still relevant with the current market. because better sell off while it has value, rather than holding onto it and later on, it has no more market value. just like most alts. for sure, up until now, a lot are holding worthless coins that were bought when it was still in the peak stage.
Going into a war without having a gun without bullets is really just a like when you do make investment without proper knowledge or analysis into it.This is why it would really be that recommendable that you should really

needing up to learn things which are really needed up for you to learn before proceeding because if not, then you would really be that prone into lots of errors and mistakes which is something that we do really need to avoid in the first place. Most situation on which noobs do learn up this market or about Bitcoin is mostly into those HYIP and other scams which pertain or connecting bitcoin as a payment method which this is my case back into those early years where hyips and ponzis are really that rampant into those year and on my newbie days then i do believe that i could make myself rich in no time until the reality slap
into my face.
879  Economy / Gambling discussion / Re: Between futures trading and gambling on: July 05, 2023, 10:10:17 PM

If futures trading is like gambling then trading in the forex market can also be considered gambling. I think the discussion regarding this is because of how the EU is trying to regulate the market as gambling. While it may not matter to some whether crypto trading can be considered gambling. The government may ban gambling which is gonna be an underground still after all the regulations are done.


It depends, there are many traders out there, especially newbies, which come to this market without knowing anything about it, invest in meme coins and hope for a big win, to me those people are gambling and not trading, also binary options and futures trading seems very similar to gambling as well, or at least that is what they seem to me, however if there is a trader out there which took their time to test their strategy and they did this for months and then they can obtain long term profits, then it is obvious such a person is not gambling.
Futures or binary options is somewhat similar like to gambling due to fast movement or pace on making decisions whether it would be going up or down, but the main differences on here is that you could really be able to

apply strategies on which it is really the main advantage compared when you do gamble.It is really just that there's significant difference in between spot and futures when it comes to this aspect. This is why there are people who are really that able to bare up such risks and there are ones who would really be sticking into spot because they cant really just that able to handle the risks specially with those huge leverage which it isnt really that
recommendable.
Surprisingly on which there are really lots of noobs who are really that directly trying out to engage with futures before doing spot but well along the way they would really be able to realize on such
big mistake that they had done.
880  Economy / Economics / Re: What is your personal debt reduction method aside the debt snowball method? on: July 05, 2023, 09:19:21 PM
Considering we all have different amounts of income and different amounts of debt, its not going to be that easy to find that is valid for all of us at the same time. I know that it looks like its possible but its not. If you make 100k a year and have 220k debt, its going to be wildly different from the person who has 10k a year income with 22k debt. Those are very different things not just because the difference in amount, because someone with 1 million a year income with 2.2 million debt could still do exactly what the 100k income one did, but the 10k income one doesn't have excess amount to spare, the other ones does.
Since we have different jobs, our incomes are probably not the same. The capability of each person to take a loan should be different as well. But I think we must avoid to take a loan that we are difficult to repay the loans. If we earn $100k every year, we mustn't take a loan $220k, how we repay the money? Just take a loan for a very urgent need, don't take a loan excessively. We must think carefully how to repay the loan money before we take the loan. It is a careless way to borrow money without thinking much about the repay.


It also depends on the interest rate you need to pay for such loan, for example the interests you need to pay for a mortgage are very low and as such you can afford to take the loan and pay the house in 10 to 20 years, however the interests you need to pay when using a credit card are incredibly high and if you allow your debt to go out of hand then it could take you a great deal of time and money to pay your debts, which at the time you got such debt it was relatively small.
The main thing or factor on which you would really be needing to check would really be solely on your source of income because it isnt really that much of a problem if you are earning sufficient, but what if not?

Whether the interest rate would be small or big then you would really be struggling on repaying or clearing up those debts on a certain period of time or would really be just simply that keep on continuing on paying up
those monthly amount due which it would really be just that an interest needs to be paid up. How long you would be keeping on doing this? For sure it would really be taking some time if you wont really be finding
other solution to the problem and this is where these banks and lending firms would really making out or sucking money into people.

Just be responsible and be mindful about your obligations on which it might really be that struggling on paying up but as much as you could then trying out to clear those things should really be your main priority.
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