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Showing 20 of 45 results by Spinning99
Re: The regret of early Investors or the regret you get for procrastinating
MOST of these same people would have sold the second it started climbing anyway; they merely lost out a little sooner.
I keep hearing this yet I know plenty of holders who have been holding since $100 or less. It depends a lot on whether you got Bitcoin because of knowledge and conviction or not. One thing is certain, if I had uncovered any major amount of Bitcoin from the early days, I wouldn't share it on the forum, for obvious reasons. This wallet could belong to a holder, a miner, or even some average joe who had bought Bitcoin in 2010-2012 and decided to cashout their coins now, after recovering their long-lost wallet.
Well the owner of this wallet didn't share it anywhere. It is just that it is impossible to not receive attention because everything is public. There are people but also groups that are always looking at transactions that are happening. Also they try to make news out of anything when activity is low like in summer.There's a large number of dormant wallet addresses, of which unfortunately a large amount of Bitcoins have been lost forever, reducing the number of circulating coins in the market.
You mean fortunately? Because every other holder benefits from this. Re: As an experience gambler what is your advice to newcomers
From your experiences in gambling what are the best possible advise you would give to someone who is intending to gamble or to join gambling? What are the best gambling markets you would advise people to join for instance (sports or casino) and if casinos what are the games you know is that easier to make winning, slot, roulette and ect.
We have talked more about gambling addiction, so let focused on other areas where we can also be happy telling someone the areas of gambling to focus and make winning.
My advice to newbie gamblers is that they should only gamble on games they are familiar with. Just like me, I am more interested in football, so I bet on football more than I do on any other games. The thing with gambling on games you love and are familiar with is that, apart from the money you gain from gambling, you also enjoy the game.We have talked more about gambling addiction, so let focused on other areas where we can also be happy telling someone the areas of gambling to focus and make winning.
In addition to this, no matter how much you might have won or how consistent your wins are at the moment, never make it your source of income.
Very strange. TON is a very reputable company, and affiliated with Telegram, or at least it used to, as far as I know. You wouldn't expect them to mess up this way. Either that, or this was communicated very poorly.
I agree, I was caught by that news that it seems a genuine partnership from TON and UAE but it's good that this partnership isn't real. And the authorities are clarifying and denying that there is no such golden visa ticket just by staking $100k worth of TON + processing fee. Well, it's nice that they have made it clear.Okay, let's tie some of the pieces together. Ton network is affiliated with Telegram platform, and Telegram founder Pavel Durov obtained Emirati citizenship and has resided there since his recent release from France. Could these recent updates signal cooperation between Telegram's founder and the UAE authorities as part of an experiment to support Ton in exchange for the UAE receiving significant investments to strengthen its technological infrastructure? These are just speculations, which I find somewhat plausible, given that there has been no official explanation for this development.
I've heard that it's suspected to be one of Roger Ver's wallets. He used to have a lot of BTC and got some tax evasion charges. It's possible he had to move his old coins to pay taxes he owed.
That is just a baseless rumor, I've seen no evidence that could even indicate this. It is always good you store your airdrops on a different device to avoid your wallet being hacked, just like the mistake you did, thanks we're smart enough to have noticed that something has gone wrong. The security of our wallets are very important and so full care and concentrations must be put to place for our wallet safety, if not we end up losing all we have worked for within a short time frame, and that is why you stay out of links, apps and websites that are not that important to you.
Airdrops are mostly useless and you should never try airdrops if the risk is losing your bitcoin by hacks. If you can not have a device used only for airdrops, don't join airdrops.On the other hand, I'm afraid that most airdrops are useless nowadays. I miss the good old days when you could apply to several airdrops and you were sure that at least one of them would give you a pleasant surprise. These days, on the contrary, the surprise you can get is losing the coins you already had in the account you reused to received the airdrops.
I agree that most airdrops in this year have been disappointing.
I agree t
Re: The regret of early Investors or the regret you get for procrastinating
Of course you can blame him, he did wrong and his thinking was wrong. You need good education to make good decisions, something that he did not have or people like him don't have. What can you do with a couple hundred or thousand dollars? Nothing!! You spend it fast, it is useless money. So is it better to risk this money going to zero for a chance to have life changing gains? Of course it is. You need to know how to analyze risk reward ratios, that is his mistake. I'd rather my current holdings go to zero than to miss out on changing my whole life.
Blame him for not buying Bitcoin at around 2$? I don't see why you should blame him. You might think it's just a few dollars but there are people who do not invest in what they don't trust regardless of the amount. I don't trust many low cap altcoins and some of them are below a dollar. Because Bitcoin was very low then doesn't mean he must buy it. I still think you can only blame him when he did not get it later on when he saw the price going up. If he miss it at $2 he may have gotten it at $17 or anything below $20 which if held till now is a win.
The age of these coins is not the problem, people don't read the data on the blockchain. There are a lot of very old coins that have never been moved. This is mostly about the amount. It is a very big amount, and if it was a real holder and not some weird hack or something then I am happy for them. This is what it means to believe in Bitcoin, this is what it means to understand Bitcoin. No excuses and selling for emergencies that could have been covered with other money instead. Hold to win!
or it could be a BTC developer. There is a team of developers that maintain this software. Don't tell me they are saints
They are mostly saints and are pretty BTC poor. Don't confuse altcoin scammers with team allocation, they print coins and tokens for free. This can't happen in Bitcoin. Re: As an experience gambler what is your advice to newcomers
My advice is that you think if you are a person that gets addicted to other things easily. If you are, you should stay away from gambling even as entertainment. Except some hard drugs, gambling is the most dangerous addiction that can quickly ruin your life.
But here’s my doubt, as Bitcoin continues to attract more attention from institutional investors, the strength of altcoins seems to be weakening.
There is only one reason why anyone thinks there is going to be an altcoin season and it is because it happened before. There is no other reason at all! The demand for altcoins is weak, they don't solve any real world problems, there are thousands of L1 and L2 copies of each other doing the same thing. Each new coin makes the existing ones weaker. Why would there be an altcoin season?Altseason will come as once Bitcoin has hit around $150k, the millionaires and billionaires will want more and that's when they will take their Bitcoin profits and move into altcoins to make even more money.
Most people just pick a random number, and then when it does not happen they shift the goal post to another number instead of admitting they were wrong. Re: The regret of early Investors or the regret you get for procrastinating
I won't blame the guy too much because that was the early days of Bitcoin and anyone can easily not believe in it, and many of the people blaming him may not have seen the big future for Bitcoin back then.
But if he had the knowledge about Bitcoin back then the amount was low I will want to believe he still kept track on Bitcoin so if he miss Bitcoin at that price the. He should still have got in at anytime the price was low.
Of course you can blame him, he did wrong and his thinking was wrong. You need good education to make good decisions, something that he did not have or people like him don't have. What can you do with a couple hundred or thousand dollars? Nothing!! You spend it fast, it is useless money. So is it better to risk this money going to zero for a chance to have life changing gains? Of course it is. You need to know how to analyze risk reward ratios, that is his mistake. I'd rather my current holdings go to zero than to miss out on changing my whole life. But if he had the knowledge about Bitcoin back then the amount was low I will want to believe he still kept track on Bitcoin so if he miss Bitcoin at that price the. He should still have got in at anytime the price was low.
It is always good you store your airdrops on a different device to avoid your wallet being hacked, just like the mistake you did, thanks we're smart enough to have noticed that something has gone wrong. The security of our wallets are very important and so full care and concentrations must be put to place for our wallet safety, if not we end up losing all we have worked for within a short time frame, and that is why you stay out of links, apps and websites that are not that important to you.
Airdrops are mostly useless and you should never try airdrops if the risk is losing your bitcoin by hacks. If you can not have a device used only for airdrops, don't join airdrops.Third-party apps are not just to be completely trusted; you can give them a try but still be security conscious. You can't predict, and they also can't give you all the protection you need 100%. sometimes their will be some security tips and suggestions against the danger ahead, but due to how some can be in a haste, they can ignore the warning, which they will later have to regret. Just like we make use of ad blockers every now and then due to how unfriendly and annoying ads are becoming nowadays.
We don't have to give permission to most third party apps on our devices that we store our crypto on. Better to have an offline storage device for your crypto as this is more safe. If you're still going to use an online wallet, restrict the apps you download, limit your link clicking, the permissions you give the apps you download too because clone apps can be used to steal your crypto. Divide your crypto, don't put all your crypto in one wallet. This is an extra precaution measures for incase one wallet gets compromised because we can never be too careful, one mistake and all our crypto are gone. Re: 2 countries. Which tax man would be alerted by exchanges?
However she has not declared in her country that she is no longer a tax resident there.
There is your problem and your solution. Just get it over with and complete this process. Then when you return to Latin America become a tax resident again. If her Binance account is connected to her Latin American bank card, am I right that only Latin American tax agencies will be informed about her crypto assets/ transactions on Binance?
Ignore all the posters that may say otherwise, they don't understand how deep the KYC network is. Despite how you used Binance for her, the KYC network knows who her husband is and where she is living now in most cases. Therefore, you are at risk of the other tax agency being informed. The risk is not high, but it is possible. You need to think also more generally. It is not that someone is going after you specifically, but there may be a general ask for information by the EU or a specific country to Binance and it will get you too. It is true that no one can guarantee their victory even if they try, that is why no matter how good the talent is, there is no point in giving it if the victory does not come. In the field of betting, it is good to gain knowledge, but it is foolish to think of certain victory by applying it. No matter how knowledgeable a gambler is, he must rely on luck. Skill and experience can keep him a little ahead in winning but cannot give any certainty. Because there are many who have luck but due to lack of a little intelligence, they lose. Above all, I will also say the same thing that there is no such thing as talent in gambling that is innate. Success in gambling requires a combination of skill, experience and luck.
You are correct that there is no one who can guarantee their victory. If they could then they would be the richest man in the world. But I doubt there is any one who is on the highest 1000 richest man in the world. As there is no one on the top 1000 richest person I can say that there is no way to give guarantee about the winning.Well, since I live in Japan I have some things to add. First of all online gambling isn't really illegal per se. There are always loopholes, otherwise many sites would put Japan on their banned regions list in the TOS. Big poker sites like pokerstars and GG also accept and advertise to players in and from Japan, that's no secret.
Over the years the law changed a bit and got more relaxed. I remember when I came here in 2009 for the first time, back then I informed betfair (worlds biggest betting exchange) that i will go to Japan. As a response they immediately suspended my account (of course they let me withdraw my funds). 7 years later they then accepted players living in Japan, after some law change.
SO yeah, I think the case OP mentioned is only so public because I bet that BIG, and also worked as an affiliate. They don't like people advertising gambling here. But hey, I guess a HUGE pachinko hall close to every bigger train station is no problem.
Thank you for the hands on input. On that last note, you can see clearly corrupt interests always making specific laws that put some things at an advantage over others. This is probably because a low of politicians or people close to them have profits from pachinko, but they can't demand some online casino from a far away country to give them money under the table. Over the years the law changed a bit and got more relaxed. I remember when I came here in 2009 for the first time, back then I informed betfair (worlds biggest betting exchange) that i will go to Japan. As a response they immediately suspended my account (of course they let me withdraw my funds). 7 years later they then accepted players living in Japan, after some law change.
SO yeah, I think the case OP mentioned is only so public because I bet that BIG, and also worked as an affiliate. They don't like people advertising gambling here. But hey, I guess a HUGE pachinko hall close to every bigger train station is no problem.
If the law in our country forbids gambling, then we should be very careful in using a gambling platform that requires kyc, because the government can require for data at anytime form them, i want to believe that to an extent, we still have more other gambling platforms that don't require for kyc and they can be used, government will always threat on this for regulations until the casinos comply to their request and this may not be safe for us.
As said KYC does not accomplish anything. You can bypass it easily if you wanted to. The same way people gamble in illegal dens if there is a prohibition on gambling, it just does not work.Re: Has this concept changed? " Invest how much you can afford to lose"
Recently, i read on certain news where Michael Saylor stated, " I invested what I can not afford to loose".
This is good and works for educated people like him who are strong holders. It does not work for retail, who start panicking after Bitcoin drops 5%. A common sign of a retail investor is someone who buys high and sells low, so this approach is not for them. They should stick only to the old invest how much you can afford to lose.I do not see anything wrong with investing what we can afford to lose. This simply reminds us that there is always risk involved in investment. There are cases where investment flops so investing what one can afford to lose in an investment that flops saves him a lot of headache since it will not affect his daily lives financially.
Another thing is investing all we have can end up in not a good situation where we are forced to sell at a loss when needs arise and the money in our pocket isn't enough for these expenses. Everything should be balanced and carefully planned. So investing in what we can afford to lose is always a safer approach to anything that has something to do with finance. Btw, my answer to the title is no, the concept of "invest how much you can afford to lose" has never changed.
The poster is talking about what Saylor wrote, so you should see into that and why he says that.Another thing is investing all we have can end up in not a good situation where we are forced to sell at a loss when needs arise and the money in our pocket isn't enough for these expenses. Everything should be balanced and carefully planned. So investing in what we can afford to lose is always a safer approach to anything that has something to do with finance. Btw, my answer to the title is no, the concept of "invest how much you can afford to lose" has never changed.
It's not wining that push some to be gambling addict, sometimes many people will gamble and win they will not partake on gambling for long time, but some people will gamble and lose and those people that lose will be just looking after their loses, nothing pushed someone to be addicted in gambling than when someone is chasing the lost in the gambling, so we need to understand such, so that we will not end up getting addicted, so many people who has lost out in gambling is the one that is addicted today because one thing will make you to be addicted unknowingly
It is about being able to accept your loss and that you made a mistake. Many people have issues with this in their minds. I think that everything starts with thoughts. Let's say some newbie gambler played gambling and even won, for example, he was lucky and doubled his deposit. This happens often, but few can maintain this success. Well, such a guy will most likely start thinking that he got it all easily and now he can easily repeat such a win again. He is already mentally thinking about where he will spend the winnings.
And as a result, he returns to gambling with inflated expectations of winning.
But according to the theory of probability, he is no different from thousands of other players who have now come to play in an online casino. And therefore, he most likely will not be able to repeat his success.
Thoughts are involved yes, but more subconscious. it is about actions. If you gamble today only and don't repeat it, thinking about gambling won't make you an addict. But if you repeat it and gamble again and again, your thoughts are just making this process stronger and faster and eventually you get addicted.And as a result, he returns to gambling with inflated expectations of winning.
But according to the theory of probability, he is no different from thousands of other players who have now come to play in an online casino. And therefore, he most likely will not be able to repeat his success.
If you are in a league with friends, then I don't consider it gambling. Other fantasy leagues that you can play against the public are the same as gambling and can lead to other forms of gambling.
Playing with friends or in a closed organized group can be pretty nice, and I wouldn't consider it gambling. It is rather organized entertainment.Some may argue since some fantasy sports events have prize pools depending on who organized it so can be considered type of gambling. Do you have to watch a match to know who the best player is when you can just look at his stats in fantasy athlete.
Everything that has a prize pool to enter is gambling? No that is not it. It is more of a contest with a fee with which they are limit fake or uncommitted entrants. You have to pay to sign up for it, and since it is not refundable you are not likely to fail to show up. I'm included to agree with you. Take for example ONDO, you can see what their building clearly.. even alloy. XYZ that op mentioned, their building the world's first tokenized stock exchange and it's been accelerated by BNB. that's the utility that made me keep an eye on the token..will wait a little if I can see a better entry imo or just go in since it's a long term for me..
https://i.ibb.co/5xCs4gtv/Screenshot-20250605-070612.jpg
The chart that you showed is a classic pattern that is found in scam projects that are manipulated to show fake and attractive numbers on other websites that track them. What you showed is not a good thing, and I hope that you understand that. If not, this is your opportunity to learn something new. https://i.ibb.co/5xCs4gtv/Screenshot-20250605-070612.jpg
What's your take on their utilities though?.
Low or does not exist at all. Wrapped tokenization has no utility. Native issuance could but there are no project that made a lot of progress with this yet. I would never gamble in my country physically if it was illegal, also in my country gambling is so far illegal from some years now though most people I see in coffee shops and ex lotto pubs that they keep playing by using alternative links of Bet365 for example, also many of the crypto users like me play in casinos that the state does not know that they exist or are not as popular in the country as to warrant a ban against them. So yes I keep playing in all major casinos and sport bookies that do not have the word "bet" in their name of their website like the casino in my signature or other similar ones. Anyway in the context of the story the person already knew and the fact that he didn't care because he thought he would never get caught, I am not defending him, he should not have wagered near 200 million dollars and think that he would go unnoticed, lots of tax evasion I guess in here.
If gambling is illegal in your country, gambling online won't help you if you get caught. You still have committed illegal acts. If they really want to, they will catch you because most users are not able to hide properly their online activities.The label "illegal" doesn't stop people from doing whatever is tagged as illegal. Drugs and the like are also illegal in most countries yet people still find a way around it and gambling is no different.
Most gambling sites will still require KYC even if you bypass VPN restrictions as well.. It's a risk anyway if you can bypass all that but all I know is gamblers always find a means to gamble, governments are just spoilers.
You can also pay someone to do KYC for you, so that can be bypassed easily. Something being illegal does not prevent anyone who wants to do it from doing it, you are right. These measures are just annoying because they don't work. Most gambling sites will still require KYC even if you bypass VPN restrictions as well.. It's a risk anyway if you can bypass all that but all I know is gamblers always find a means to gamble, governments are just spoilers.