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July 27, 2021, 04:15:05 AM *
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1  Economy / Gambling discussion / Re: Weekly/monthly financial statements, which do you prefer? on: July 26, 2021, 02:27:02 PM
My activities in gambling are not really that big, so I don't need to track my transactions on a daily basis or a weekly basis, I'm okay with monthly tracking but in reality, I never did that as I'm not into gambling in terms of making money, I'm more on the entertainment value, with that said, I'm spending money in gambling as I have more loses than my winnings.
I would go for a monthly too because it's not like you are going to spend every waking day in a month just gambling, and I think that it's practical to do that more than the weekly because you will be primed to spend more money gambling when you are involving yourself with financial stuff regarding your gambling expenses.
2  Economy / Gambling discussion / Re: Should online gambling companies be responsible for harm related activities? on: July 26, 2021, 01:23:38 PM
If the gambling operator is responsible for the addicted gamblers  ?then surely they are all closed by now because government will run towards them about the effect of gambling and the addicted has someone to blame then .
Exactly, it's just like cigarette companies and manufacturers, they might give you graphic warnings but they will never intervene with you because you are their money maker and that's the limit of what they can do or so they say. Same with gambling, if people are addicted, that's not on the manager to stop them to care for the well being of their clients.
3  Economy / Gambling discussion / Re: Gambling ombudsman - do you feel protected? on: July 26, 2021, 12:44:40 PM
Of course I would play more if I know that I could contest a claim when I am done wrong but that contesting should be fair for both sides. Plus, with a gambling ombudsman you can be sure that as a customer, you can't be screwed over by the business.
4  Economy / Gambling discussion / Re: Anything like excess gambling on: July 26, 2021, 10:16:24 AM
I think it still has something to do with the character of each of us, sometimes it often happens, but there are also those who can manage their finances well even though they often touch gambling. And yeah, the level of addiction to gambling can also affect whether we will excess in gambling or not, I think it's better if we can control ourselves more with other activities besides gambling.
That's another level of discipline if you ask me regarding the way that people controls their habit of gambling even though it's designed to be addicting. In my opinion, being excessive with gambling is obviously a bad thing but there are ways to prevent this kind of thing from happening.
5  Economy / Gambling discussion / Re: The houses always win, are you the house or the gambler? on: July 26, 2021, 09:26:30 AM
One way to win against the house is by not playing, you don't win or lose but ultimately, they don't win against you since they didn't get any of your money. I would say that I am more of a gambler more than the house because the house is a small circle and not everyone belongs in it.
6  Economy / Trading Discussion / Re: is this a good divide? thanks on: July 26, 2021, 08:38:09 AM
With your age , You have done a good thing to put your money on cryptocurrency I commend you on that. I want to suggest to you that since you have a long way in life and you may not have a rush to sell or urgent need for money, you can invest in cheap coins with nice volume and hodl for long term. Stellar, curio, cartesi can be a good choice.
At that age, I would still be playing outside not caring about my future but this person is lucky because he/she have the opportunity to invest early and I think that OP can benefit from it since OP has more time compared to any of us here. I don't necessarily agree with putting your capital in a split because I believe that you can make more money with enough patience if you focus on only one cryptocurrency, bitcoin is the best choice for me but in the end that's on you on how you are going to approach this, you will get the profit not us.
7  Economy / Trading Discussion / Re: Why newbies lose huge money in trading on: July 26, 2021, 08:02:52 AM
One of the big Problem of newbie is that he did not understand whales game and when market down he start panic sell.
Imagine that one guy that cleared their BTC at 28k or that guy that cleared all their ETH at 1700?
 can already buy back in for less coin now.

I think even if a newbie just learns how to be patient and roll with the punches regarding the whales, it would be enough even if the whales make big waves. What I mean to say is that being immune to panic is going to be enough for some newbie to lose their investments even if the movements in the market is unfavorable.
8  Economy / Trading Discussion / Re: Need help with trading on: July 26, 2021, 06:55:56 AM
My assumption in your loss is that you got screwed over by some sort of a shitcoin that hypes up their prices and deceives other people so the people that created the coin or have a lot of stake in the coin gets a lot of money out of the other people who are late to the party. I don't think that this assumption of mine is original because I believe that others think that it's the case.
9  Economy / Scam Accusations / Re: [Warning] holdfi.io - HYIP/Ponzi scheme on: July 26, 2021, 06:15:51 AM
Are there even legitimate DeFi projects anymore? A lot of them seems to be a scam or a Ponzi scheme nowadays which is a bit sad because people believe in this projects and they end up getting screwed over left with no money. I remember back then some of my friends are hunting these projects to invest and so far, no one has become a millionaire in any of them because they all go scammed and it seems that some of them still go for this even though it's a blatant scam. Good catch OP, one scammer out of the game is a good thing.
10  Economy / Scam Accusations / Re: 1XBIT.com IS BIGGEST SCAM ON INTERNET!!!!!!!!!!! on: July 26, 2021, 05:06:13 AM
They have been doing this for a very long time. When you win more than you deposited. The chances of blocking your account are close to 100% and when you make a lot of noise, they will only refund what you deposited and claim the issue was resolved, thatís if you are even lucky. So, basically, you can't make any wins in their site. It's either a loss via valid bets if your bet losses or an account block/refund via void bets if your account wins big.
I think that this is what they do most of the time, blocking the users out of their wins, makes them look like a bitter group of people because they didn't expect that someone is going to win against a gambling business so they end up doing this to spite those people who win. A message to everyone, don't support them, they're doing a signature campaign, don't join them because in the end you only end up with perpetuating the problem which is 1xbit.
11  Economy / Scam Accusations / Re: [SCAM ALERT] Tesla dogecoin fake airdrop website including bbc news fake website on: July 25, 2021, 06:41:57 AM
There's a lot of this kind of fake advertising even in Facebook, they are exploiting the sponsorship feature of Facebook so they can appear in the timelines of many users hoping to bait someone into scamming, hopefully many people will see this and hopefully prevent this kind of stuff from happening again.
12  Economy / Reputation / Re: "Yes, that's right" - the hallmarks of a farmed account from member "apa don" on: July 24, 2021, 12:05:48 PM
the amount of time and energy that you put in to this thread and your replies in insane. 

my advice to you is to get a life
You good bro? Just because you can't write like how @JollyGood writes doesn't mean that he/she is a shut in, maybe people just have the time, energy, knowledge and verbiage enough to create a thread this big.
13  Economy / Economics / Re: Poor and middle class as a mentality on: July 24, 2021, 11:02:52 AM
I see the point where you are coming from but I will like to disagree being poor doesn't mean the child will be poor intellectually, I know the standard of teaching might be different but the curriculum doesn't differ from the country where I am from I have various examples to back this point up. No poor parent will want the child to grow up to be like him/her so they will try their best to train them in this time and era.
A child will stay dumb if there's no equal opportunity, I meam if everyone is given an equal opportunity for a quality education, we will see more of this poor child that excels more than the rich ones. For me, the mentality is there because people at the top are always trying ingrain that mentality because that way, they will stay on top.
14  Economy / Economics / Re: Investing for cash flow vs investing for total return (stock market) on: July 24, 2021, 08:31:49 AM
It's a bit trite but I think it's the best thing to do which is doing both, what I mean by that is that you are splitting your capital for investing for cashflow and for a total return. It kind of sounds bias though because that's what I plan to do when I finally invest in stock market, gather as much blue chip stocks that pays dividends and have some that are speculatory that I believe will boom and make a lot of money in the future.
15  Economy / Economics / Re: Higher Inflation Is Here to Stay for Years on: July 24, 2021, 07:48:56 AM
If we don't do anything about it to be gone then your claim that the higher inflation will stay here for years will come true, I think that if the economy recovers greatly, the high inflation rate will eventually die out.
I agree, not doing anything won't solve the problem but instead will cause the problem to get bigger to the point that a collapse or long-term fix is the only choices for the government to deal with the hyperinflation.
16  Economy / Economics / Re: Bitcoin is key to the future of Twitter, Jack Dorsey says on: July 24, 2021, 07:17:18 AM
Yeah, we are happy until we aren't. What I mean by that is that some people said it too back then when Elon was vocal about his company's acquisition of billions of worth of bitcoin back then and then suddenly suspending the payment option and saying that mining isn't good for the environment.

The difference is Elon is a whackadoo and flip flops on a lot of stuff and Dorsey has been very consistent.  Elon also is mostly just talk (and doing so for attention) but hasn't done really anything concrete to advance crypto, except say Tesla would accept bitcoin before canceling that.  Dorsey's Square has actually integrated bitcoin into the Cash app and has made tangible contributions to bitcoin adoption.  These two are almost polar opposites on crypto.  Elon talks about it because he wants attention, Dorsey actually builds things that have value.
I hope that you will prove me wrong because these billionaires and businessesmen supporting bitcoin and other cryptocurrencies have a good track record of being a manipulator, I mean look at Elon, you may say that he is crazy but he is smart he was supportive of bitcoin until he pulled a rug under on many of the people.
17  Economy / Economics / Re: On Cuba and economy on: July 24, 2021, 05:38:31 AM
I think the protests is because of the pandemic not being able to resolved or being under control by the current regime. Plus another reason is that people are probably sick and tired of the current regime because they haven't made the lives of their countrymen easier which proves that communism doesn't work in practice.

Communism/Socialism sounds really nice in theory. But it can never be put in to practice. In case of Cuba, since it is a socialist country ideally there should be zero unemployment, and medical care/education available to everyone. But that is not the case. Medical care is free, but what is the point when there are not enough doctors? Since the government has run low on Forex, they have sent Cuban doctors to other Latin American countries, in order to earn forex revenue. And now coming to the jobs, in theory there is no unemployment. But the average average monthly salary is around $25 (as of 2016). 
It can work but only if we were to surrender the desire for power and the need to step on another person. I mean, if you look at it, that's the reason why communism fails, the leaders that are instilled are just a replacement and not a reformation of the old and ruthless regime before that. I think that a certain level of socialism combined with capitalism can work because if you look at it. I mean look at countries with free healthcare and colleges.
18  Economy / Economics / Re: When everybody tell you take take risk with money on: July 24, 2021, 04:53:19 AM
Taking money risk can generate more money, the more risk the more money that can be made if precautionary measure is taken. This measures are very important in helping one to avoid excess risks that can lead to later regret if things go wrong.
Not just any risk, it has to also be a calculated risk since failing from risking could mean that you will be losing a lot of money in the process, although risking is good, we shouldn't forget that there's always another side of the coin and anyone who risks blindly could land on the bad side of that coin.
19  Economy / Economics / Re: knowledge and Capital which is Very important in Business or Investment? on: July 24, 2021, 04:20:48 AM
The first one is more important. It is said for a reason that knowledge - is power. With the right knowledge and practical skills, it is possible to make a profitable investment, even without a large capital. On the other hand, having no knowledge and a lot of money can be a total disaster and result in no profit whatsoever, itís not uncommon. So thereís your answer.
I definitely agree but more than knowledge, we also have to have some wisdom and common sense because without the other two, knowledge alone isn't going to help you make a character.
20  Economy / Economics / Re: What is better - cryptocurrency trading or investing? on: July 24, 2021, 03:38:16 AM
For me, investing is a good one because it requires the least effort since all you do is just watch your investment grow and in the right time, take the profits that you have incurred over a period of time during the investing.
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