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1501  Economy / Economics / Re: Bitcoin Is Better Than Digital Gold on: October 17, 2023, 10:21:29 PM
Gold and Bitcoin both are best for investment. But since I am involved in crypto world so if someone tells me which is best to hold then Bitcoin is best choice to hold for long term. But I don't mean to say that gold is a bad investment because gold is universally appreciated and is the best physical asset to hold. Here we have to remember one thing that Bitcoin is highly volatile than gold so before investing in bitcoin, if you invest in a long term strategy, I think it will be possible to earn more profit than gold.

But profit in bitcoin is always expected at every circle of four years, quite certain hodlers make huge profit then with bitcoin but I don't think that makes gold of less value to bitcoin in terms of hodlers profit. You also have to consider the aspect of risk when investing because bitcoin is far risky than gold to invest in. Gold has a long lasting retained value but the volatility of bitcoin exposes to high risk level at any point in time the price can drop without notice but gold has more strong resistance, influence and control by government.
1502  Bitcoin / Bitcoin Discussion / Re: I am 19 years old boy living in South korea. Please give me an advice on: October 17, 2023, 06:17:57 PM
Can we know your living conditions in South Korea? Because depending on where you're in the country, the expenses will be different and if you're in Seoul, you're going to need all the money you've got and those that's sent to you because Seoul is one of the most expensive city in the world. Check your expenses and try to maintain a 1 week routine and see if there's any money left before the next aid comes, if you're struggling to make ends meet at that 1 week routine, you probably need to focus on daily expenses first before investing in bitcoin. This advice is purely my opinion so take it with a grain of salt.

100 dollar is for personal use. I can use it to anything I want. I use father's credit card for my expenses.

Anyway if the $100 you receive from your dad is regarded as stipend for you to use for anything personal to you and the needs that your dad never knew of and you won't account for it, you can invest it in bitcoin. It will be a right time for you to buy bitcoin, I mean some fraction of Satoshi amounting to $90-100 to hodl for the next one year in December next year so you can do a check of how much it has increased and if you want to continue hodling based on ATH.

Don't trade it but only hodl in your personal wallet. If you trade it you may lose all at once.

Since you receive such amount every month, you can invest each month for three times till ending of December. DCA with your earning and with the next bull run you will be glad you have utilize your stipend in a worthy investment.
1503  Economy / Gambling discussion / Re: What do you think about trading feature? on: October 17, 2023, 05:10:46 PM
Although I haven't seen how it looks, at a glance I can assume that the inclusion of trading features in a casino is an opportunity created by the casino amidst the player's gaming hobby. At first glance, this might be a form of implementation that trading is gambling. CMIIW
The trading features at the casino as intended are definitely different from trading on the exchange.


I don't think that is the intention of the casino or whether those whose casinos have such features are trying to proof that trading is much as gambling, I don't think so. What I think is that they have only encrypt or coded trading features like prediction of price to be gambled on and not that those on real trading are equally gambling too. But whatever it is, it is surely another feature that has been added to gambling bookies.
1504  Local / Nigeria (Naija) / Re: Will Nigerians Marketers Accept Bitcoin if Legalized on: October 17, 2023, 03:18:42 PM
Have been wondering if Nigeria government makes bitcoin legalized, and if he does, will our marketers/traders accept bitcoin as exchange for buying of goods. Me I know naija very well, if government talk A we the citizens fit do B, na normal thing for naija.

Na because people don lose trust for Naija government as dem body language na only fake and to embezzle the public funds. If government dey sincere with the people and their policy then the people go follow.

As you dey talk about bitcoin now, shey when you take bitcoin pay and collect like government receipt, school fees for government school, pay for different things for government agencies so why people or traders and marketers no go flow with am? But if na only for paper dem legalize am but no government agency dey accept am, omo we go dey where we dey oo. Na the matter be that and na so e be.

If them cook the food by legalizing am then den go taste the food wey dem cook na. No be wen you cook another person go taste am for you.
1505  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 17, 2023, 01:32:21 PM
That lucky gambler is just want to play safe because he thought those two bald guys will ask him to give some money because they will say they're his "best friends". As long as this person isn't join other circle which is rich or has luxurious lifestyle, he's not a bad guy.

I quite understand why that person did that, it's why I don't think he's making mistake or become arrogant when he stay away from his old circle.

Apart from gambling win, money is something that reveals your true self on what you are capable of doing. Many people are selfish but you won't know until there is a thing happening that will reveal the real identify of the like the gambler who ran off his gambling friends . Now is he associating with the guys who have some money but he couldn't do that before his winning, he sticked with his friends. He has inferiority idealogy and that is why he felt he has moved up and won't go to the gambling friends. Anyway, money is transient if not well managed.


So the question is, the people who claims the man have abandoned them and forgetting their long time friendship, when he have not won that bet what have they done for him, have they supported him in any way, even if it’s not financially have they given him any form of moral support which will help him reach where he is today. No body want to keep who can’t help them go far in life close to them, I have money now means I should be dreaming big and anything that will want to drag be backward I will have to cut those things up, so I believe that’s what the guy in question just did.

However, it depends on the level of friendship that exist between them because I know some gamblers just form clique while gambling because they share shame goal and aspiration which is to win big some day and this is fustered because they meet almost on a daily basis at the offline gambling house. So in such situation they may not be regarded as friends that are indepted to each other one way or the other but there are also true friends who have been through thick and thin, so you don't have to move on like that after all you guys where there together and putting heads together trying to summount the insurmountable financial huddles all the while.
1506  Economy / Gambling discussion / Re: Cash out or keep playing? on: October 17, 2023, 12:38:01 PM

So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked

This depends well I will not jump into my personal view yet because I'm not even expecting any of those because I'm not indulging so much in it or using huge money on it for the moment. So for a gambler who is really depending on gambling, he is not stopping even with jackpot because he most likely will expect more winnings. For someone who plays from time to time and experience loses, he may likely stop if he has recovered his money. It is about what you feel at the time, the worst feeling is when you have determined to stop after winning the huge some and you get tempted to play again thereby losing all.

1507  Local / Nigeria (Naija) / Re: Nah lack of common sense or greed?? on: October 17, 2023, 10:27:30 AM

For Me, I feel say the best thing we fit do for this matter na Sensitize and teach pipo the dangers wey surround accident tankers. Especially for individuals wey dey live for communities along the Expressways. Working together with the communities development committee/council and Youth. As statistics don show say na youth dey be the victims of this explosion.


E no get how you want take sensitize people wey someone no go still fall victim, in fact plenty people. Some people go always feel say them smart pass others so when dem go scoop Dem go escape before anything go happen but the unfortunate thing be say e no dey give sign for that to happen.

So sensitization fit still dey go on but people go still dey want help demselves by deir own means while some people will never try go there and that is the difference. This kind death no be news again but people go still dey fall on it.

For government side, na to build better road, create enabling environment for jobs for the youth so that if you remember say you get where you go from feed yourself, you go relax if that kind thing happen. However, some people go still enter go risk their lives even if Dem get jobs.
1508  Local / Nigeria (Naija) / Re: As our economy dey so, Bitcoin na blessing to us? on: October 17, 2023, 09:15:38 AM
Bitcoin for naija con be like say youths don get job. But truly, I know no whether youth still dey look for jobs like that like as e be around 11 years ago when bitcoin never show or even few years ago like 5 years back wey bitcoin begin trend. Guys dey introduce deir friends either to learn how to trade am or do any other thing without am. You go hardly see youth wey dey internet compliant wey no get binance app for fone and that one mean say the hussle dey online.

Na money matter and naija no dey carry last unto say na wetin go enter belle we just need first. No be about the freedom from banks, decentralization but how much difference in profit you fit sustain yourself with from trading or hodling btc.
1509  Local / Nigeria (Naija) / Re: No Electricity, No Bitcoin on: October 17, 2023, 06:51:53 AM
Use phone if you do not have enough money. Buy a power bank with it. If you do not really have light, get a second power bank so that you can charge the two at once when there is light. There are phone with 4000 to 5000 mAh battery that can last you almost a whole day with internet. If you can not get it new, get the second hand.


I find the term "performing my activities". No matter how bad it is, you go fit charge phone for barbing saloon or person shop. Some booth even help with this by charging #50.

No excuse for jungle. Way dey even for where you think say no way. Put your legs down and follow wetin others dey do. Go barber's shop you go fit dey charge or you go try pay to charge at least Dem must get a place wey people dey pay money charge their phones.

Then let your priority be to support yourself with power bank and if I be you, try save and buy like 40,000 watts, with that one you know say e go carry you for 1 weeks plus if fully charged and electricity no dey.
1510  Local / Nigeria (Naija) / Re: Christmas will be boring, if this bear market reach December 25th. on: October 17, 2023, 06:01:53 AM
My Brother my imagination don far like this how this year Christmas go be like, you dey talk of boring bros boring is an understatement, thats for we wey sabi how bitcoin dey work as in the whole trading stuff, because we still get people wey no get any of this idea you dey reason how dem wan take survive. the country DON WACK.

No be lie. It is not even about bitcoin wey person go think of cashing out. Before now things dey wey dey keep person happy for the season but now nothing dey again. But if somebody invest in bitcoin for the time wey bull run dey waka come for road, why the person go sell am, or make the person no sell am because na him go benefit last last. Except na newbie go dey think that way and as e be now the price don dey increase self. Hodl your coin for bigger cash out na so e be during halving bull run.
1511  Economy / Gambling discussion / Re: What do you think about trading feature? on: October 16, 2023, 07:10:10 PM

when I put the option up and put in a few minutes, I saw the price rising but when the minutes were almost up the price dropped a lot and as a result I lost, so I put in another 5$ and lost, again I put in another 5$ and I lost, I was losing like that for a few weeks and until I told myself it was time to stop doing it, I wouldn't be able to win anything. and that was my experience with binary options


But I think what you did was trading and which is obviously risky that you can lose every money you have trading with. I think this is more like predicting and betting, not real trading. Like if you have analyse the direction of the price, you place a bet on it depending on the time. This will not be like binary that you need to credit your account like a bankroll and trade from it. You can bet minimally as you can afford to lose just like the usual betting.
1512  Economy / Gambling discussion / Re: What do you think about trading feature? on: October 16, 2023, 05:20:12 PM
Gambling sites like Bc.game and Rollbit now include trading feature in their casinos. In this game we need to predict small fluctuations in price over a short period of time.
This is became my favorite game. What do you think of this game?
Do you think this game gives us some advantage/edge to casino? Because most of the time, prices tend to Follow a repeating pattern like Up-Down Up-Down in a range.
Gamifying trading experience with 1000x or something as stupid leverage was to be expected, but i still prefer real trading. Even with 100x it has always been a gamble and 1000x in reality you would just lose it in the gap between buy and sell walls as in order to win in that, price would need to go only up. There's really no buffer space like people usually have in high leveraged trading.

 

This is going to be a nice feature and that will be an advantage for already existing traders because they can analyze easily on the up or down of the market and bet on it, it will not be like real trade that profit is really difficult. I should take a look at it hoping the odds will be right for good potential winning. I believe it will be gambling and not trading, you just have to analyze and bet normally like other games but predicting the direction of price, whether down or up based on the price mark
1513  Economy / Economics / Re: In times of war, Gold rises. What about Bitcoin? on: October 16, 2023, 02:47:16 PM
I will not rush to check for bitcoin surge because of the war in Israel and Palestine, moreover we didn't get surge expected surge in Ukraine and Russia. And we could be looking at the effect of the war if these two regions are bitcoin unrestricted areas and miners. Gold will not be compared with bitcoin in this light because it is already established and all countries have no restrictions against gold. So, we are going to see how prices will interfer when other friends of those countries start to show their support and influence.
1514  Economy / Economics / Re: Economic Implications of War on Individuals on: October 16, 2023, 12:58:22 PM

- do you have any survival tips during war period?


Stay in a safe place, look for refugee camp and safe your life first.


- are there any business that I can do during a period of war so as to sustain my family?


Yes if the internet is not destroyed yet. Crypto traders will still do business


Can I still budget, save and earn in Bitcoin?

Yes if you are in a safe region and the internet facility is still available.


- What is the economic impacts on individuals with families and how do I sustain them during war period.

I think you already know this. The discomfort for those who are alive in a war zone area doesn't allow for normal planning. All you can do is to improvise and hope that things get back to normal.

Usually in war areas, daily jobs are not visible only if you have internet and you are already savvy with it already.
1515  Other / Politics & Society / Re: To american people : do you appreciate "Israël" to steal your money ? on: October 16, 2023, 11:59:02 AM
Israel doesn’t steal our money. We happily defend Israel because there are those who want to wipe them off the map. I think a lot of military folks think of Israel as a proxy between the US and Middle East. If Israel were to collapse or be destroyed, then next target would certain be the United States of America.

Moreover, America seem like the big brother of the world trying to protect those who don't get enough sympathy from their enemies and also plays a big brother role for the christian communities and faithful. Biden has said the US government is committed to supporting isreal against her enemies and that is part of their foreign policy and for those who are friends to US.
1516  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 16, 2023, 10:24:04 AM
Gambling isn't career, is there anyone can give me an evidence if you're always making money through gambling?

Gambling is only for fun, when you have more unused money that you willing to use it to entertain yourself. If you don't have money you can afford to lose, then gambling isn't for you.

I once read an article that explained someone managed to get rich from gambling, but not many people can do that. Those people gamble in land-based casinos. However, if we play on online gambling sites, I have never known anyone who can get rich from online gambling.

In gambling we may occasionally win but often we lose. And if we calculate the total then I'm sure we lost in gambling

From what I have also seen, those who got rich with gambling also eventually lost it to gambling because they continued gambling. Most who can beat their chest to say they got rich in gambling are those who either resigned from gambling and found another jobs to do and invested in it. Gambling is not the area where you constantly make profit because you rise some time and you fall at another time. The times you fall in gambling are more grievous because it takes you back to beginning as if you never won anything, that is why they say gamble as you can afford and the best is to reinvest what you got from gambling in other endeavors and not to only rely on gambling.
1517  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 16, 2023, 08:44:40 AM
Personally I think before starting gambling you should make a budget and have self control. When you lose your maximum daily loss/limit simply take some fresh air and reserve it for another day.

Gambling should be taken as a side hussling that you try to get a little money from and not what to be regarded as a major source of income. The problem is bettors see gambling as a job they do and that is why they keep going back for refill after they have exhausted their bankroll within their budget time.

If you don't regard gambling as a source of income then you will have that self control to hold on after your budget is exhausted with out profit and to say to truth, just few gamblers benefit in gambling.
1518  Economy / Gambling discussion / Re: Don’t push playing more on: October 16, 2023, 05:21:03 AM
Gambling is like an addiction, Even for those who are not addicted to gambling, leaving gambling for them too is a painful experience and requires a lot of dedication and self commitment.

You gamble and you lose and you do not gamble and still feel the stress of not playing gambling, how strange it is. For those, who want to quit gambling for a little while so as to overcome their bad luck period, it may be good if they are still allowed to gamble a few games daily but with a very limited amount of money. This way they won't feel stressed that they are not gambling.
I'm not Tongue

If I want to stop gamble, I can easily do that and will not feel any pain to leave from gambling.

If you always think you must gamble all of your day, then it means you should find a new activity because you're have too much free time. When you have a lot activities, you will not think about gambling anymore.

There is an addiction that is chronic that whether you have time or not you will find a way of gambling irrespective of having activities or work that don't allow you time to gamble. There are some gamblers despite that they are offline gamblers, they book out the games they want to play and send it through someone to bet it for them when they are busy and can't visit the gambling house. Addiction varies and that is the difference. Quiting is good and important but it takes extra effort and support.
1519  Economy / Gambling discussion / Re: An agent is no where to be found. on: October 15, 2023, 07:48:42 PM
The same case has happened in my locality before.
I have not also heard about case like this before, but I am very sure case like this are possible. Some people can do crazy things just to make money. The agent is kind of dump, because I am sure he won't be able to run forever. If the agent is reported to the gambling site, then his account can be temporarily suspended, and he won't be able to withdraw the money that he is even trying to run away with. But maybe he will withdraw all his money from the gambling site so that if his account is blocked, then they won't discover any amount in the account. I know he won't be able to run forever, it might take time, but he will be exposed. If the gambling site is held responsible, then they will look for every means to provide the agent.

Agent of betting site also have guarantors so he is really dump if this story is to be the real issue. Gambling house that wants to employ an agent will go as far as doing KYC on the agent and involve  a guarantor of high repute that won't just be one, it might get to two or three guarantors, so I don't see how a customer will lose his potential winning without getting it back because an agent ran off with it. I'm sure he can only run but the company will surely get hold of him.
1520  Economy / Gambling discussion / Re: The Drake's Curse. on: October 15, 2023, 06:00:27 PM
The winning was not the usual way and I'm sure drake didn't envisage it to come that way. He probably was confidence for winning his bet because he bet right but the unfortunate happened. That is why it is betting, anything can happen before the end of the bet.

However, drake is not a newbie gambler. He knows he has to protect his finance by not betting what he can't let go. He has lots of money and does giveaway alot to his fans, so he might also see this as one of those giveaways. Drake is a huge staker and this won't stop him to trying to hit more jackpots.
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