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2041  Economy / Trading Discussion / Re: Enter the market with a loss mindset~what you can afford to lose on: June 18, 2022, 01:59:40 PM

Everyone wants a huge return on investment and so no one will want to buy intentionally when they know that price is going high. High in the sense that it is already ATH and they jump in. This is not possible but because nobody knows the exact point of trend, they jump in when price is high hoping to continue riding the bull but surprisedly they are buying the sliding knife. This situation happened in 2017 when investors bought the high of $20,000 and also this current high . It is better to wait for at least a slight correction and not to be greedy to jump in while the bull is currently on.
I've just about to remember how people are saying they will buy during the bear season but sadly, they had changed they're seeing the market moving down. And instead of taking this opportunity, they now said we've waited for recovery. It is definitely hard to understand and you are right, people have no intention of buying Bitcoin whether it was at its correction or bull market have no way to achieve their goals and it only remains assumptions. Investing is not a joke, it needs positivity and good mindeste or else, nothing happens.
2042  Alternate cryptocurrencies / Altcoin Discussion / Re: Luna 2.0 keeps falling on: June 18, 2022, 01:35:22 PM
At the current conditions of the cryptocurrency market, no coin is standing, even Bitcoin which is the giant in the crypto market has dropped drastically and has been forced to drop to 19k+ which is a big drop and luna coin has more vonurabilty.
What happens to Bitcoin is a different story, unlike Luna which is a very questionable issue (if have read it). We can't blame the losing value of Luna with Bitcoin unless this project is really worth enough, however, it doesn't and it fall because for other reason, not due to market crash.
Luna will face terrible losses as investors give no hope to them. Although they are turning back carrying some good news, unfortunately, this never gives a chance and investors are leaving and dumping their Luna making it to drop even more.
2043  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH Sentiment Poll for June on: June 18, 2022, 12:03:52 PM
Everybody was prolly getting very excited to see ETH drip below 1k to scoop some up before the inevitable bounce.  But not today folks.  Whales and the big players got in first and scooped everything up before it could even go there...  Not saying that there's no chance of it happening.  But these sell downs caused by events rarely last more than a day or two.  Wait for when there's no news and a disinterest in the market for that slow drip down to 500.  We'll see.


Not really excited, though. I was hoping for the best by now since I was done buying ETH last week, May I would buy some but just trying to observe the market first and likely waiting for the bottom price. I was now following the trend of Bitcoin as this was the basis of the market movement. Unfortunately, it was to see the decline have to continue which probably affected ETH and altcoins to drop more.

I hope this month of June will be the bottom and no more drops will occur by July. But if there is, I'm worried about the panic selling showing up again and dragging the market to be worse just like in 2018.
2044  Economy / Gambling discussion / Re: [Boxing] Canelo vs Golovkin 3 (September 17) on: June 18, 2022, 11:14:29 AM
Canelo can still fight even if he losses to GGG. But he needs to beat a good name fighter to have his name still at the top. Possible that the rematch with Bivol, promoters will have to milk him because they know he still has a lot of fans.

Of course, Canelo Alvarez can still fight even if he losses to GGG. Losing to GGG doesn't mean it's now the end of his boxing career. I doubt Dmitry Bivol's camp will still be interested in taking the challenge from Canelo. There's no Title at risk and Bivol wants to add some title to his career. Canelo should go back to his comfort weight class and fight those top on the ranking there.

Until Canelo doesn't have any title at stake, Bivol will just ignore him for a rematch. But first, he needs to win against GGG. He won't stand a chance at Bivol again if he won't be able to beat the old and veteran GGG.

Bivol could make better money if he will fight Canelo again, forget about the title, it will come for him because he is already a champion.

In their previous fight, Canelo made $40 million while Bivol was guaranteed with a $2 million purse, so I think in a rematch, his share will better, maybe 60/40 of the total revenue.

source
2045  Economy / Gambling discussion / Re: [Boxing] Mark Magsayo vs Rey Vargas WBC Featherweight Title (July 9) on: June 18, 2022, 10:37:04 AM

Just one of those random odds here:

Quote
Predictions: Who Will Win?
Latest Odds

    Magsayo to win: 1/2
    Vargas to win: 2/1
    Draw: 19/1

https://champinon.info/schedule/magsayo-vs-vargas/#pred

Yeah, most of the time it's really hard to understand how bookies put someone as favorite. This fight is close, but again as I have said, we should take advantage specially if they are going to put Magsayo at 2.x odds and higher.

Magsayo is 1/2, which means our $100 will only win $50,.. I think the odds are just right, he is the champion so he should be the favorite to win. However, I like the odds of Vargas here because he is also a great fighter, and he has a chance to beat Magsayo if he could box him right.
2046  Economy / Gambling discussion / Re: 2022 NBA Season - Finals on: June 18, 2022, 10:20:57 AM
There's a rumor that Andrew Wiggins might be potential trade due to increasing salary wage of Warriors. They need to trade someone to resolve this and Wiggins has the high chance rate to be trade since Warriors will not gonna let go there Big 3. I don't know if this will commence but I believe this possible since Warriors has really have a high salary cap right now and this is not healthy to there franchise.



Wiggins is one of the most important players for this team, we have seen his influence in the last games. One of the players who helped them become champions and leaving the team will not be good for the Golden State Warriors.
I think the team needs to find a different solution for this situation, you don't want to spoil it when you have a good team that won championships Smiley

They can trade Wiggins if they want, besides, it's the system of the Warriors that make a player good, so anyone who has the talent like Wiggins can blend with the team very well. Wiggins has a very high salary, he is next to Thompson, but of course, they can trade him with more players.
2047  Economy / Economics / Re: What is the golden rule of investment? on: June 18, 2022, 09:53:35 AM
To me personally the golden rule of investment is never invest what you cannot afford to lose cause anything can happen on the way.
I knew this wasn't far back when we talk about rules and principles that is to investing and they are right. Somehow, it guarantees safety in your investment as, that's the only way you could be willing to accept an outcome which ever way it turns in the end.
People tends to invest where they find opportunities and somehow, they never want to believe that, they could be wrong and all facts presented could be pseudo to what is obtainable but I reality or should I say cryptos, the worst often  plays out more than expected. Especially when you don't take precaution in choosing your investment.
That is why we choose an investment that we know we can manage. let's say, investing in crypto is welcoming all those who want but have to consider first if we are really prepared for the risk and that is really can afford to lose. As investing is not all about profiting, we sometimes lose because of our avoidable mistakes. If we can do good things by investing, doing hard work, and pushing ourselves to reach our goals, had no way we can't make it.
The Golden rule for me in Investing is "Knowing more about your Investment".
2048  Economy / Speculation / Re: Bitcoin 2018 vs 2022 on: June 17, 2022, 10:57:07 PM

It's like a matter of time only until we go back to under $20k which is very possible. The selling pressure is high and everyone's likely going to panic if it breaks that price below $20k.
Panic, selling pressure and worries will affect the psychology of the market. This will certainly have an impact on someone's interest in entering the market, but I can be sure that anyone who already understands how the crypto market works will decide to buy and hold for the long term.

I actually consider this current situation is a perfect time to buy and fill our bag more. We are very certain that Bitcoin will recover someday and taking this chance is a great opportunity that we have to experience every 4-years cycle. I don't just focus on how the chart may close similar to the previous bear season and think that we follow the same path as I see that the mindset of the people had already changed. Maybe I was wrong but this bear season will never stay long unlike last 2018 - that I don't think we need to panic.
2049  Alternate cryptocurrencies / Altcoin Discussion / Re: Reason why I won't be buying top altcoins in this bear market on: June 17, 2022, 10:14:03 PM
I agree with all what you said but highly doubt the last one.It is true that many altcoins will never reach their all time high and the top rank altcoins on coinmarket cap does matter anymore.We are currently in a bear market and I don't think any altcoins has survived this crash since it begin there is a lot of correlation in the crytocurrency market if Bitcoin continue to crash then all other altcoins will do the same tilll btc recover I don't have much hope in other altcoins whether new or old.
Don't get confused mate as actually, OP doesn't see the fundamental nature of the market. How could he say that there is " No chance to reach ATH where the last bull market they had to make it? It is likely he got influenced by his negative emotions, a person like that will surely think nothing but only negative in accordance with what he feels.

Well, for me, I'd keep choosing those on the top listed coins in the market...It doesn't matter if it never reaches ATH but I believe they do well. However, we can't erase the fact that those in the higher ranks have also a higher possibility to make a reliable increase, not just hype.
2050  Economy / Gambling discussion / Re: 2022 NBA Season - Finals on: June 17, 2022, 11:20:59 AM
Despite of that, I'm still happy with the achievement of the Celtics, they are still a young team and for sure the experience they gained will make them a better team.

Yes of course, something to be happy of because Celtics gave a good fight, at some point, I even thought that they will beat the Warriors but the big game of Curry in game 4 bring the momentum in the next 2 games and the Warriors ended in the series in 6. Some people say Boston in 6, Warriors said, yes they will rest in 6. LOL
2051  Economy / Gambling discussion / Re: Your NBA Champion this season? on: June 17, 2022, 10:59:37 AM
I even hoping that Celtics might upset the Warriors in Game 7. There's still chance!

The series is now over, Warriors made sure that there's no more game 7 as they have a very dominant performance in game 6. Nice game by the Celtics, they tried their best but the Warriors championship experience was very evidence in the game, better luck next season.
2052  Economy / Speculation / Re: What is your fill the bag Bitcoin price? on: June 16, 2022, 10:31:30 PM

For now I'm sure investors will be making big purchases as bitcoin has fallen over 70% since ATH, this is an opportunity that will see them earn big profits in the long run. So I would never think a drop like this is something bad for bitcoin.
In this case, we are too hopeful for the sure and market incline as these whales, big investors are a big contributor to the market where they can make influence and literally change the direction of the market trend. It was likely, that their participation is very important to make a stop to this declining sentiment that makes people panic.

But what I guess, even if there is a change in course of the market, we can still be expecting this bear season will stay until the end of this year. Might be able to see some ups but never we could think it bounces back high.
2053  Alternate cryptocurrencies / Altcoin Discussion / Re: Need Help for investment in new projects on: June 16, 2022, 10:01:06 PM
No, don't try this. Don't get hooked up with their promises of having huge returns. Can't deny that some people are earning profit from new projects but that was because they are lucky enough to choose projects that are hyping and perfectly sell in time. But this project and considering the current situation now, you can't expect like that, and even the hype.

If I were you, I'd choose old projects that are working already. At this time, we are not talking about earning a HUGE amount but we are looking for assurance not to lose our money.
2054  Economy / Gambling discussion / Re: [Boxing]: Ryan Garcia vs Javier Fortuna - July 19 on: June 16, 2022, 09:38:02 PM

The chances are good in Garcia's side if Fortuna chooses to have a toe to toe with him, he may have some advantage because of his experience compared to Garcia but the latter is a knockout specialist and he still remain that way if he will have the right chance, he is just struggling now but I know he can overcome it. It will be fun if indeed that's going to happen in their fight next month.
That's right because if I see things like this it is full of risks for Fortuna and it will be profitable for Garcia.
if you look at Garcia's fight he will be even more aggressive if indeed the opponent does something like this and he actually prefers this style of fighting and obviously this is not very good in my opinion even though Fortuna's experience is superior, in this case it will be a risky.

But still there is also risk for Garcia, although is it very slim that he will lost in this fight. But we really don't know what's going to happen because one punch might change everything. That's why Garcia should really take care of Fortuna in the early round, maybe 6 rounds or less and defeat him by a knock out. So that we will see if he really is over with his mental illness and he is really back and focus more on his boxing career now, this is like a second wind for him.

this is why most of the time we can witness an upset inside the ring. because when both fighters are already inside, we can't predict their movements. i believe garcia knew his chances over fortuna, why they chose him as his next opponent. but he should not take this fight for granted. as much as possible finish the fight early. because if it will go the distance, the judges may favour fortuna, that is, if there will be no KO involved.

It's very obvious. they just want Garcia to have another easy win because they are not yet convince that he is back already. Though Garcia is still undefeated but I believe he might struggle against a legit champion that is just waiting for him. This fight should give his confidence back again, a win here by KO will make him ready for the next big fight.
2055  Economy / Gambling discussion / Re: NBA 2020-2021 betting on: June 16, 2022, 09:16:33 PM
Seems everyone is undecided in this game, as it was really hard to predict. We all know that desperate teams most of the times. But the Warriors with Steph won huge here in game 4 and silent the crowd. And if we look closely at that game, Boston relaxes in the last 5 minutes because they think they have the game already as they took a good 5-7 lead. But Steph and Klay burn them with 3's. And with that said, I will go with GSW at ML as well, very attractive odds at 2.40.
The home team should win because they need to even the series for a game 7, however, the Warriors are on a good momentum now, they have won 2 straight games already and that is by winning 10 points which I think they already know how to beat the Celtics. Celtics has not made any major adjustment yet, so it's time for them to make one as it could be their last game.
2056  Economy / Speculation / Re: $13,000 is quite possible this week on: June 15, 2022, 10:41:40 PM
In my opinion, $13K is quite possible this week for Bitcoin. But whales are confuse for dumping more because they know Bitcoin has more value and it is undervalue around $13k. So more dumping means draining their bags so quickly. People are really hungry for Bitcoin in new inflationary era.
That you kidding man, that was fast to reach that low. If that may happen, whales are too happy and to the rescue of buying more Bitcoin but I guess this never happens to Bitcoin. We're still at $22k, which isn't bad to look at and not a thing to worried.

Last bear season we reach down to the bottom at almost $3k but this time, I was predicting $20k is the bottom already and we are very close to that. However, the surge of demand lately, it comes to help the market by lifting it from the low position which is why we are seeing some inclines in the trend. We have these whales and we are thankful to these huge investors who are still holding and even accumulating more, they help to save the market from dropping more.
2057  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Trading Volume an important metric ? on: June 15, 2022, 03:02:55 PM
How important is trading volume when trying to decide whether to invest in a new project ? The higher the better ? But if people are "selling off" like crazy wouldn't that also mean a high trading volume ?
It's important, but make sure to take a look at supply and demand on certain coins. Sure it has big trading volume, but if the order book is empty on either side of market(supply and demand), then what is the point of trading. This kind of thing once occurs with trading bots or when there is an event going on that certain coin. We can't just rely on one metric on trading.
Supply and demand reflect their price movement. The higher demand, the higher in price but to say there is a high trading volume, it means that there is a fast-moving activity in the market, particularly with that project and this certainly means a lot, and somehow emphasizes that people still making money from this.
I put this one consideration as I've to join trading. A sort of market basis to which project I am going to use upon trading and I say it works, really.
2058  Economy / Gambling discussion / Re: [Boxing] Canelo vs Golovkin 3 (September 17) on: June 15, 2022, 01:02:08 PM
Hopefully this time, we will get a clear winner and the controversy will be put down once and for all.
And the prime Canelo will fight against an old GGG Cheesy
Ages is really an important thing in sports, especially in boxing where you don't have enough stamina, quick reflect and good movements, you can easily got knocked out. Though it's not a UFC where you can punch your opponent until the referee see the opponent doesn't have any chance to stand up or fight back, but most of the time when the boxer fell down, it's 90% he will lose.

Yes,  GGG is already 40 years old, this fight could have been made in 2019 right after the second fight, prior to the pandemic and GGG still fresh. But Canelo waited for many years, and then GGG somewhat losing his power but still manages to win against a Japanese boxer. Both though really dislikes each other, and this is just the continuation, 24 rounds and yet we are not satisfied with the results. And so this fight is now or never, But right now, I might give the edge to Canelo.

Canelo does not want to fight GGG anymore, but due to the failure of his last fight, he may be thought that he needs another big fight that he thinks he could win so people will forget his previous defeat. This is a chance for GGG to prove that he can beat Canelo because if not, it's better for him to retire after the fight.
2059  Economy / Gambling discussion / Re: 2022 NBA Season - Finals on: June 15, 2022, 12:25:12 PM
But we will have to see, the Warriors has gain the momentum already with back to back win and they are a good road team too so I wouldn't be surprised if they win a tough game 6 in the road will balloons going down.

I would love that. Yellow balloons flying in the Garden. I want to see how both Marcus Smart and Grant Williams faces and their reactions. They have too much green blood and pride in their veins.

Anyways. I expect Stephen Curry to bounce back after that low 16 point performance in game 5. Also Jayson Tatum after recording the highest total turnover is under pressure and he might play very well in game 6. This is just like a toss up game for me with GSW's momentum and the Celtics playing at home. But i'll be taking that +3.5 on GSW.        

Nope, I won't be talking that +3.5, instead I will go with ML and probably Warriors winning by 6+. Most of the Warriors wins are 10+ points, so there's a chance that they will win and the odds is good for them.
2060  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Celsius in trouble ?!? on: June 14, 2022, 10:48:13 PM
Celsius to blame for the latest crash now ? What is going on here ? I thought Celsius was the safest bet in town after Binance !
Yes, it's on trouble. They've stopped all the withdrawals because of their trouble after it was reported that they've sent millions of crypto into another exchange.
An exchange will always be an exchange no matter what it is. Binance is likely the safest to say onto these centralized exchanges but still, don't leave sums of money on them because we've seen them stopped withdrawals.
And besides, Celsius hasn't gone far yet to think they can be trusted and we can put a huge amount in there. It is absolutely no but rather to anticipate such possibility and even in Binance. In fact, leaving sums of money to the exchanges is not a great idea, we are only dealing with a huge risk that might blame ourselves and put in regrets.

I'm not sure how they will address the issues by now since people are already in a panic thinking about Luna. But I hope this will be a different scenario and they proceed to an effective strategy to solve the problem otherwise, it is another exit scam story.
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