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Showing 20 of 313 results by icebar
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Topic
Board Gambling discussion
Re: Gambling as a way to recover the economy, effective or not?
by
icebar
on 26/08/2025, 18:30:52 UTC
While other countries are trying to ban gambling in their countries, there are countries like Sri Lanka who is trying to use gambling as a way to revive their economy. They are aiming to attract gamblers from India and China to contribute to their tourism. Do you think this will be effective? Do you think it is possible to revive a failing economy just from gambling revenue? Would you be willing to travel to Sri Lanka to gamble?
The number of gamblers worldwide has increased significantly, which can be easily predicted by the rise of gambling platforms. Sri Lanka has been going through a difficult financial period for a long time, from which the governments trying hard to get rid of that situation. They are trying to re-examine each and every business very carefully and reopen them. Where there is little profit, they are trying to make more profit. I think it is definitely a good thing if Sri Lanka has such a policy. If gamblers are interested in visiting their country at the present time, their tourism industry will go a long way, which can play a big role in their country's economy. They will definitely benefit from creating a positive environment for gamblers at this time. There is no way to deny that gamblers have a big dominance around the world now.
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Topic
Board Trading Discussion
Re: Things you might miss when starting to trade.
by
icebar
on 26/08/2025, 18:21:03 UTC
Trading can be considered as a source of income, but the trader must learn with determination to reach that level. There are many who consider trading as a source of income but when they lose their capital instead of profit from it, they get discouraged. To do something good from trading, a trader must go through hardships. There is no chance of regular income in this platform. Those who want to depend on it should definitely change their goals. It is not possible to become successful as a trader by learning only technical or fundamental. Trader must also have a financial backup and try to be realistic.
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Topic
Board Economics
Re: 11 more countries just joined BRICS this week
by
icebar
on 26/08/2025, 09:05:02 UTC
I don't necessarily think that democracy is the problem here in Africa, what I sense is that it is being used as a tool to place their puppet in power that does their bidding, because their are other top nations in the world that are operating with democracy, but are doing just fine, though it's obvious that for a big change to happen here in Africa, a military rule is needed because they are the only ones that can easily oppose the western powers and do what's needs to be done without troubles, why the case of Burkina Faso looks very different is that their leader Ibrahim traoré is very smart and intelligent, so with what he has achieve do far while in power, the french powers knows that their is no way back for them if this continues like this unlike other nations that are being govern by military head.
The problem is Western-style democracy. Africa should have adopted a pattern of democracy that suits their culture and tradition. There is nothing wrong with a life presidency if the ruler is doing well. Another tool of control is the World Bank and the International Monetary Fund. These organizations are used to manipulate the financial system of African nations and make it dependent on Western aid. The conditions for loans are arranged to favour Western economies, which use the continent as a place for cheap raw materials. The International Court of Justice (ICJ) is a tool to bully African leaders into doing the bidding of these controlling powers. Very soon, Capt Ibrahim Traoré will be declared wanted by the court for some concocted reasons.
Western governance has been imposed on Africa for a long time. Their economy and politics have been so heavily reliant on it that they will never be able to move beyond the Western governance. One of the reasons why the World Bank and IMF loan conditions have never been in their favor is that the money they gave them had to be spent only on purchasing raw materials and repaying the loan. If they cannot do anything developmental, they will continue to depend on Western governance for the rest of their lives. They have been held hostage by this strategy for a long time. To move the country forward for development, a good governance system is necessary. If someone tries to maintain a dictatorship for a long time, it will never bring good results for the country. Africa needs to prioritize its own culture and establish a good nation-building system with accountability. If they can do these things, they will definitely be able to see the light of day.
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Topic
Board Economics
Re: The most important factor when building a business
by
icebar
on 26/08/2025, 08:46:45 UTC
The most important factor to consider when starting to build a business is the target audience. You have to think of who would you want to cater to. Who are the communities that you may profit off of. Like for example if there is a school near you, you should know that students would be your target audience. You should start a business where students can buy materials from or a place they can study or even hang out around. I believe that if you studied your target audience, the first step of your business is already successful enough.

I think you meant to mention location as the setting of the business where you mentioned school,the location of a business works with that if audience I could say and that's because it's the very first consideration especially for a new business because the location and audience determines the rate at which the business gets to grow because setting up a business where the type of business is not meant for the available audience can degrade a business, example setting up a Bar business in an area where there are just primary and secondary schools knowing fully well that it doesn't work for them as it's not meant for them considering the age and time limit but setting up a fast food can actually pay off because students always have to eat and study or even a stationery would pay off,so it's just very important to put outh these to consideration as it helps and also affects the growth of a business.
There is no doubt that location is an important aspect of business. Because when starting a business, it is an important issue to know who the customers are and where they are located. For those who can set a good location, the chances of profiting from that business increase rapidly. But it is not always the case that a good location will increase the business. Many people find that after doing the same type of business, for some reason, the location is not good, but they can also do good business. For this, there are some qualities of an entrepreneur. You must have a good idea about how to introduce the business to people and attract customers.
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Topic
Board Bitcoin Discussion
Re: What happens when there is no more Bitcoin available to buy?
by
icebar
on 26/08/2025, 08:27:52 UTC
Since the supply is limited, it is natural that the demand for Bitcoin will increase. Those who have the opportunity to buy the amount of Bitcoin today will have limited opportunities in the future because the demand for Bitcoin will increase much more over time. Even if some people have the ability to buy a Bitcoin today, it may not be possible in the future. Since it is estimated that after the next 3-4 cycles, the value of each Bitcoin is likely to be 1 million or more. If those who can buy one Bitcoin at the moment delay, then it will be possible to buy not a Bitcoin but small fractions. There will always be buying and selling of Bitcoin, but bitcoin demand always increases. The more demand there is, the smaller fractions will be used to buy Bitcoin.

Post
Topic
Board Bitcoin Discussion
Re: Bitcoin versus real money
by
icebar
on 26/08/2025, 08:09:35 UTC
The value of Bitcoin cannot be over emphasized. The coin is one of the most valued asset right now in human history. Some people prefer saving up their coins than saving real money. The value of one Bitcoin is bigger than some currencies around the world. Bitcoin will someday become the crude oil of some people and firms in the world. It will surely boom and everyone will scramble for it and at that time the scarcity of the Bitcoin will make it have more value than the real money. Save up your coins and hit the jackpot.
Money will lose its value and assets will become more valuable. Bitcoin is not just a currency but a means of protecting wealth which is used as a store of value. The government can do anything it wants by printing money to run its country, but Bitcoin is the only decentralized currency where the government cannot influence it in any way. There is no chance of Bitcoin supply beyond the specified 21 million which is why people's interest in Bitcoin is gradually increasing.

The value of Bitcoin was once lower than the currency of any country, now it is many times higher than the most valuable currency in the world, including major countries. In the future, there will come a point where people will trust Bitcoin only to increase the value of their assets and maintain the correct value.
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Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
icebar
on 25/08/2025, 20:17:11 UTC
There is a good practice of trying to save/invest around 10% or perhaps even more for the future, yet there are so many folks who have fallen out of such a habit since for 15 years or more interest rates for savings accounts have continued to come down, and there have frequently been dynamics worse in some countries as compared with other countries in which currencies don't hold value so there are incentives to spend it - especially since there is no place to put it, especially if we are talking about only around 10% or so of the income..
Yes, when it comes to saving or investments is a good thing that we suppose practice about. Because it has helped many individuals become wealthy, and is not that they saving/investing all at once, they do so gradually with what they have in that particular time. That is why I am wondering about folks who have another source of income and are unable to use even 5% of what they make, which can multiply them to earn more than what they save/invest against future; and no conditions is permanent. No matter how much some people make per month or week, once their issues is more expanding, this money will not be enough to support them with their families. That is why it is good for us to engage in investing/saving, even a little percentage from our income is set aside for the future.

But that is why if we invest in Bitcoin according to the DCA method, we will definitely be financially prosperous in old age. Because Bitcoin is invested with the future in mind, because it is possible to get several times more benefits than banks. The higher the Bitcoin investment, the greater the risk of profit, which is why most people are currently expressing interest in Bitcoin investment. Because it plays the biggest role in being financially successful in the future.
Because every person wants to save their own money, it is most suitable to invest in Bitcoin, which is why we should consider it the best to think only about buying Bitcoin.


Don't even try to compare or measure the profit an investor will get in Bitcoin investment for years to that of bank in same interval of time because they are incomparable because of the return Bitcoin investment will give if we actually hold for a long time and if there is anything to compare with Bitcoin somehow, then it should be real estate investment, I said somehow because Bitcoin investment will still be greater than. I don't even like saving money in the bank because of bank stress and the little charges they will be taking. The DCA is just a method, you will be the one that will make it work perfectly that is to say that you can't be successful in the future if you don't do it well.
There is a lot of difference between banks and Bitcoin. Generally, if we keep money in the bank, Bitcoin is able to provide several times more than the investment that the bank will make in 10 years.  Bitcoin does not guarantee a guaranteed profit. If we observe the price of Bitcoin and the return of keeping money in the bank in the last 10 years, then we can easily be aware of the rise of Bitcoin. Keeping money in the bank in the long term is a waste of value because the value of that money will be lost due to inflation. Bitcoin is a store of value where people find a platform like Bitcoin to protect their wealth. It is now considered a store of value. Just as holding Bitcoin in the long term will protect you from inflation, its value will also increase in the future as a permanent asset.
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Topic
Board Politics and society (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
icebar
on 25/08/2025, 20:04:15 UTC
I think Abaeze is misunderstanding the entire strategy of investment. I was expecting you to explain the various Bitcoin strategy because many folks believe DCA is the only successful and effective strategy. It seems they do not know why many practice that strategy. There is buying on dips, lump sum, dca and so many others. But its preferable to use DCA as a pleb so you can manage your investment and other part of you life without getting hooked. On the other hand, people who are rich use lump sum to buy. Which I will prefer if I have that kind of money. 

The DCA is talked about mostly so newbies won't be mislead into starting their accumulation journey with buying during the dip and Lump sum moreover when you're doing the DCA you'll still get opportunity to buy the dip since you'll encounter several dips while on it along the way, well it's not a bad idea like you said to explain other strategies as well so newbies would understand what they're all about and which to prioritise more on. One good thing about the DCA is that it's for everyone not only specifically for a particular class of investors and remember that not all newbies are rich enough to do the lump sum some were even waiting till they had more money that's why they didn't start earlier.

That's right, though anyone  can choose  the type of strategy they love or better still the one that makes them feel comfortable doing. There are disciplined buy the dip accumulators who continually buys the dip once in a month or as it suits  them. But one of the reason I prefer DCA over buy the dip is, the fact that with DCA you can actually  buy at any price range and sometimes the price most people consider too high to buy  bitcoin could in turn become one of the dip prices in the next few month. Since we can't always  tell we're the proce is headed especially  on small time frames, then we just have to buy not considering price.

What is important is that you’re able to buy and invest in bitcoin and hodl for the long term goal without panicking to sell whenever you notice a little downturn in the market. Bitcoin investment is a long term investment and for you to be able to attain some level of success you must approach it with a long term vision of consistently accumulation of bitcoin and hodl and that’s why some people prefers using the DCA strategy in accumulating bitcoin so it’s easier for them to accumulate and hodl whenever they are able to figure out a discretionary income.
If the investor starts investing after being aware of a few things in terms of holding Bitcoin, then he will be able to hold Bitcoin for the long term. Even if he only does DCA, it is not the case that he will be able to invest safely. Before investing, the investor must have an idea about whether he has discretionary income or not. Normally in bitcoin we give more priority to long-term holding. Only if a part of the discretionary income is deposited in Bitcoin regularly, then only long-term investment is possible. Along with this, must also keep a bank up fund of 3-6 months so that investment can be regular in emergency situations.
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Topic
Board Gambling discussion
Re: Is your betting strategy set by you… or by your Bankroll?
by
icebar
on 25/08/2025, 19:28:27 UTC
Bankroll size means we can set how much money we can use and how much we can bet. But you should know that whether you have a big bankroll, you need to control and not spend too much. Otherwise, you will have a chance to lose all.

If that happens to you, you should realize you need to stop gambling. Bankroll size should not interfere with your intention to have fun in gambling. You need to allocate money for gambling and stick to that.
I have seen many gamblers who cannot control their bankroll after increasing it. Having a large bankroll makes it very difficult for gamblers to manage money. Because many gamblers increase the betting amount. At some point, they suffer the most when they lose. Naturally, if you lose a little amount, you will be more disappointed than if you lose a large. That is why you should have a good plan and money management in the case of betting. If you have a big bankroll, then you have to keep the responsibility of controlling it.
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Topic
Board Gambling discussion
Re: Do you have gambling friends or you prefer to be alone.
by
icebar
on 25/08/2025, 19:16:06 UTC
I gamble alone, not because I prefer it that way precisely, but because of pure chance. In fact, some of my friends love betting on sports (on sports that I don't like, unfortunately) or gamble but in platforms or physical locations I don't like. So, although I would like to have some friends I could talk to about my gambling experiences, the most similar experience I find it in this forum.
I am the same as you. I gamble alone. Because I like to enjoy casino games but my friends like sports betting so I don't have any discussion with them about gambling. And when I lose money in gambling my friends scold me. They say that sports betting is easy and you can win easily there why do I play casino games which are very risky. And I don't tell them anything. I enjoy casino games alone. And the reason is that casino games can be played anytime and are very fun.
I think it is also annoying to share the topic of gambling with friends because many people cannot keep it to themselves. There are some who share something about their losses and then share it with someone else, which I think is a violation of privacy. Maybe that friend can share the topic with someone else out of regret, but if the topic of gambling spreads like this, it will definitely not be beneficial for the gambler. The more silent you can be about gambling, you will feel better.
Post
Topic
Board Gambling discussion
Re: Is gambling inspiring people to work harder?
by
icebar
on 25/08/2025, 19:06:34 UTC
So how do you see this kind of lifestyle? Do you judge them as wrong because their reason is gambling, or do you respect it since everyone has their own way of finding happiness?
Well since they are gambling responsibly without getting addicted or borrowing money is fine. Honestly, I would boldly said that they are doing well because not all gamblers that can easily do this without getting addicted to gambling. However, just like they always said that gambling is a personal decision that is the real truth about it because as a gambler that knows what gambling is all about would always gamble responsibly because there is no amount of advice that can easily change a gambler if them didn't decide by themselves.
This is similar to what I said earlier on my first comment in this thread. As they are not trying to get back their losses through gamble but elsewhere it shows that they already know the risks involved in gambling. They know that trying to recover from their losses through gambling will make them lose more. But what they failed to understand is that gambling is not a legit means to make money, they might win some of their bets but they can always win.
Normally, when someone loses a bet, they only lose that money, but when a gambler loses and tries to recover, he faces a big loss. Who do not bet with the intention of recovering the lost money can protect themselves from big losses. Even if they lose, they are able to protect themselves from their bad situation through gambling. Gambling with the intention of recovering losses is one of the reasons for great harm. This trend works among most gamblers. It is better to accept losses without considering gambling as a source of income.
Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
icebar
on 24/08/2025, 17:57:25 UTC
With the change of time there is a great opportunity to reach a financially comfortable position in the future by applying long term Bitcoin strategies and market analysis through the application of Bitcoin technical knowledge. Having a low source of income makes it easier for you to save energy because you want to gain more capacity by accumulating Bitcoin.
People's sources of income are not the same for everyone. If those who have limited income if they hold Bitcoin regularly with the portion of income, then their current position may change in the future. I think that accepting Bitcoin and investing here regularly will work as a good opportunity for those who have limited income source. Those who want to change their financial situation must hold Bitcoin for the future. This can give a person financial freedom in the long run, but to reach that stage, one should definitely start investing. If you start with a small amount of discretionary income according to your ability, it is definitely possible to acquire large assets in the long run which may seem little at first.
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Topic
Board Nigeria (Naija)
Re: I think allowing a newbie to come to you for a full knowledge about Bitcoin
by
icebar
on 24/08/2025, 17:41:43 UTC
If you go ahead and give someone an idea about Bitcoin, then even if he is interested in investing in Bitcoin, if he suffers for any reason, he will definitely blame you. He will directly say that he suffered because of you, but if he benefits, then he may not remember this. It is not right to assume that those who do not make efforts on their own will get something good from Bitcoin. There are some people who have good approach to understand, they can often believe and be encouraged to invest just by hearing it. If someone shows interest on their own after explaining it in the beginning, they can be given a better idea about this matter.
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Topic
Board Gambling discussion
Re: Do you have gambling friends or you prefer to be alone.
by
icebar
on 24/08/2025, 17:28:48 UTC
I used to bet with my friends, at that time I used to share everything about gambling with my friends, but since I started betting on online platforms, I don't discuss gambling much with my other friends. Not only me but my other friends also don't want to reveal the topic of gambling. That's why I don't discuss gambling with my friends like before. Earlier, there was a lot of discussion about sports betting, but now there is no opportunity to discuss casino gambling.
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Topic
Board Gambling discussion
Re: Government banning of casinos are at their own loss.
by
icebar
on 24/08/2025, 17:16:45 UTC
Therefore, it's likely that government prohibitions will only create problems, not provide solutions.

And if we look at it from the perspective that it doesn't create jobs, it becomes a Profitable business that stops being done, but prohibitions are something that shouldn't be Generalized , people have the right to have fun however they want, that's something that governments and anyone should understand, sometimes these things don't have a sustainable Logic , governments are mostly like that.
Government who are banning casino in their country are not even focusing on the main problems because if they focus on the main problem why many people go into gambling,  it will reduce the interest of gambling.

 The solution to reduce gambling rate is to create employment for the people and this is the only way to help out than to ban gambling because banning the people from having access to gambling doesn't change the situation,  doing this is jus the same as doing the wrong thing at the wrong time.
Maybe something can be controlled temporarily by pressure, but it is not possible to control it permanently. If the government of any country wants to ban gambling, they will not be able to do it, so if they force it to be controlled, maybe the issue of gambling will not be revealed much from the outside, but people will still be interested in gambling. That is why I agree with you that why the general public is so interested in gambling or why they are getting addicted to it on a large scale. We have to find out the root cause and try to solve it, otherwise it is not possible to control gambling by force in any way. In addition to increasing the number of jobs in the country, if they can give the general public a good idea about gambling, such as it is not a source of income, it should not be considered a tool to get rich, etc. When public awareness grows, the possibility of people getting addicted to gambling will also decrease.
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Topic
Board Gambling discussion
Re: Gamblers are losers casino owners are winner.
by
icebar
on 24/08/2025, 17:06:16 UTC
No need, because that's not some kind of secret. Just look at how booming the gambling industry is right now and you’ll already know. A lot of people know you will lose more. Well, there are some exceptions, those who can’t accept their losses. They don’t admit it and even blame the casino for cheating. Hmmm, as a gambler myself, why do I keep playing even if I know I will just lose more? I don’t know, maybe there’s still a part of me hoping, or maybe it’s because it has become part of my routine already.


It's obvious that the casinos are in profit, like you said, the business is booming and new casinos are coming up everyday so it's no secret that there's really money in the business. The thing is, if gamblers decide to gamble responsible the they would not make such profits compared to what they are making on a daily basis. The percentage of gambling addicts is higher than those that gamble responsibly

Yes, if every gambler agrees or decides to become responsible in gambling by just visiting the casino occasionally to just have a few minutes fun, the casino industry will not be as profitable as they are booming but it's very difficult for them not to continue being so profitable because gamblers can not be controlled or stopped from being more frequent at the casino, except for players that are living in a country where gambling is banned.
If gamblers gambled responsibly, casinos would not aways suffer because if gambling was conducted responsibly, more people would come to play in casinos. There are many who are afraid when they hear about casinos because they think that people will become addicted and lose everything. If everyone practiced responsible gambling, people would not have such a negative perception about gambling. Even if a person gambles regularly, the casino can make a small profit from it, but when an addicted person loses a lot in the casino and destroyed the casino does not get anything more from him.
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Topic
Board Gambling discussion
Re: What is the best way to gamble?
by
icebar
on 23/08/2025, 16:25:57 UTC
Some ppl gambled for fun that's how their addiction started. If they're gambling with the correct mind it isn't going to become a problem but if their mind gets addicted to gamble it's going to change their life for ever. When you gamble you're going to lose money the companies don't.
Everyone has their own reason of gambling, either it is for fun or to double their stake amount. And some are playing gamble to pass time. Those who are playing gamble to pass time would say when they are at home alone, it is too boring and that made them to come to visit the casino center or visit the casino website to play some games to pass time and in the process, they win more that would continue everyday before he new, he can't stay without gambling and from there he became an addicted gambler.
That  was why many here have said that gambling addiction is from the gambler's mind. He could have prevented it at the beginning but he was motivated by the games he played.
When you are alone gambling gives you a great feeling. For those who gamble alone, it is better than any other time. Who do the same thing regularly in betting are also more likely to become addicted to gambling. Those gamblers can never control themselves from gambling easily. If someone gambles occasionally, gambling can become addictive for him, but the chances are low, but when someone gambles regularly, the chances of him becoming addicted are much higher. While others can recover from addiction naturally, it is very difficult for those who gamble alone to recover.
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Topic
Board Gambling discussion
Re: Does anxiety have any effects on gambling ?
by
icebar
on 23/08/2025, 16:12:41 UTC
<Snip out>
Anger is something that we can't really say we don't get. Most times you just unexpectedly run into something that will change your mood. It's now how you are able to handle the anger in you at that moment that will determine how it will react or what it will do to your body. If you allow it to control you, it will lead you into doing something that you (the person) will not be proud of when the anger is quenched in you.
Anger shouldn't be carried in us when we are about to making critical decisions, for we can make mistakes because at that moment our sense of judgement will be clouded by the subject of our anger. I have learnt so much from life all my years never to be gambling while am angry, aside that I might be making errors that will lead me to thrift losses I also wouldn't be enjoying the fun of the moment.  I mostly go to bed where I can whenever am angry to wake up feeling differently.
When you are angry, you are more likely to make mistakes in betting. I have even found that when I am losing bets in a row and when I try to place bigger bets in anger, I do not win those bets. In most cases, placing bets in anger increases the chances of losing. When placing bets, give yourself a chance to observe the bets calmly first. If you observe the betting strategies without mental pressure, the chances of profiting from those strategies increase. I try to control myself when I am angry, but it is not always possible to do accordingly.
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Topic
Board Gambling discussion
Re: When do you increase your bet?
by
icebar
on 23/08/2025, 16:00:22 UTC
Not everyone's strategy will be the same in betting, some will try to take risks in betting, and some will want to avoid risks. Some think that taking risks will bring profit while others think that not taking risks is profitable. So different gamblers will have different strategies. But in my case, if I bet, I try to bet considering my bankroll and financial situation. If I have enough money, I take some big risks and when I have a shortage, I try to survive by placing small bets. If there are some who consider gambling as luck, they want to take risks. They gamble with the aim that they will either win or lose. But all this will depend on the financial situation.
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Topic
Board Nigeria (Naija)
Re: Balancing Financial security and Bitcoin Accumulation
by
icebar
on 23/08/2025, 15:33:08 UTC
It is a total waste of time to wait any further when you already have a discretionary income at hand which you can use to invest in Bitcoin. Some people who engage in this kind of lifestyle don't get to achieve anything serious in other areas of their life because they have fear and weak spirits. Anybody that has discretionary income is supposed to be investing into Bitcoin no matter the price of Bitcoin at the moment. This will help you not to miss the next opportunity that will certainly come.
Most people have discretionary income, but some have less and more. In this world everyone tries to secure their future. If those who have this discretionary income understand the importance of Bitcoin and start investing without wasting time, they will definitely benefit. But those who delay investing despite having discretionary income will regret it later. One more thing everyone should know is that we will never have cash with us, it will be spent in any way. If considering the security of the future, we regularly deposit Bitcoin with discretionary income from now, then even if this investment does not gain importance today, it can be seen as a big asset after a certain period of time.