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Showing 20 of 14,770 results by peter0425
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Board Gambling discussion
Re: What is your point of no return?
by
peter0425
on 25/07/2025, 16:44:25 UTC
c. or you are a superstitions gambler, when you have signs like losing 3 straight in a row, then you quit because you know that you're having a bad luck
This one doesn’t necessarily mean that you are superstitious. It still is logical to me because losing three times in a row must affect you somehow and so if you’ve lost then you should take a break for a while and collect yourself. You might end up too frustrated after losing consecutively so better to take some time off.
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Topic
Board Gambling discussion
Re: Is it still gambling if you're sure you're going to win?
by
peter0425
on 25/07/2025, 16:04:11 UTC
Can we still say we are gambling if the event is something we are at least 90% sure that we are going to win?
First of all, there is no event you can ever be guaranteed to win from.

Second, You are gambling no matter how small the chance of losing. Because of that possibility of losing, it’s still a risk and you are gambling to avoid that risk but it still exists. Honestly even if all signs point towards a specific event happening, it might still not happen.
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Topic
Board Bitcoin Discussion
Re: Bitcoin still number 1
by
peter0425
on 25/07/2025, 15:49:47 UTC
Can't imagine this happening in bitcoin, there will be so much panic including me I will panic.

Satoshi (him or them) from nowhere starts moving the bitcoins in the alleged or speculated Satoshi holdings that will be the hieght of everything in the crypto space.
Satoshi holds some bitcoin on his own but he doesn’t have control on all the other bitcoins which is why owning bitcoins is so safe. Satoshi can’t fully control the blockchain. Your coin is your own even if Satoshi made bitcoon, he can’t really sell your coin without your consent or knowledge.
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Topic
Board Economics
Re: Ensuring generational wealth
by
peter0425
on 25/07/2025, 15:37:21 UTC
I hear a lot of young people wishing they can build generational wealth for their kids. The kids of their kids and the kids of their kids' kids. But is it really up to us? We can build wealth now and leave all our assets to our kids but how can be sure they can protect the wealth and make it grow even more?

Honestly the best thing we can do is to teach our kids and hope that all the things we got to accomplish for them won't be put into waste. Build your portfolio now. Invest in assets that will be profitable in the long term so you can leave this to your kids.

Aren't we still discussing the same thing here? You can build your portfolio or make profitable investment for the sake of your children but in the long run, they might end liquidating every of your efforts in a twinkle of an eyes once you are no more. Building a generational wealth is not necessary in my opinion as we've seen many of such efforts end up in vain when the primary builder dies.
Even if my efforts end up in vain, I would still rather try my best and give my kids the best possible life they can achieve. I want to be able to make sure at least that they can live a comfortable life even when I am gone. Some parents don’t leave anything at all for their kids so when they pass away sadly unexpectedly, the kids suffer.
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Advisably, people should start teaching their children how to build wealth themselves instead of attempting to build wealth to leave behind for them. These children don't know how and what you passed through to accumulate whatever you are leaving behind for them to feast on but teach them to use their sweat to build portfolio for themselves and I assure you they'll protect it at cost from collapsing.
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I get that. I would wish to leave a fortune but also knowledge. I don’t want to just leave money and let them go. I want to make sure that I have raised them well to the best of my abilities.
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Topic
Board Bitcoin Discussion
Re: Should I depend solely on Bitcoin?
by
peter0425
on 24/07/2025, 16:17:06 UTC
If he can use Bitcoin as an investment and have a main job, that is better because he can earn money for his daily needs. If he depends on Bitcoin and uses it to fill his daily needs, he needs to have many Bitcoins and sell enough amount for his daily needs. Maybe he has that many Bitcoins so that is okay for him. We can not blame him for doing that because he should have calculation or considered before doing that. You are not wrong in saying that because you know about the volatility of Bitcoin.
No matter how much he has, if he wants his bitcoin to keep growing he should just leave it alone and not keep getting from it. Without a source of income he will just keep getting money from the stash of his bitcoin until there is almost none.
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Topic
Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
peter0425
on 24/07/2025, 15:59:53 UTC
I don’t have this mentality, no. I can sort of understand why some people do though. All gambling is about luck though, sure you can go with favourites or whatever but if luck isn’t on your side you won’t win very often.
I feel that as beginners no one really is 100% confident that they will win and we all close our eyes and bet even if we bet on something that is likely to win anyway. Your mistake as a gambler would be thinking that you will win for sure. There really is no guarantee no matter what the bet is.
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There’s nothing wrong with betting on a long shot though. It’s likely a lot more likely to win than a lottery ticket.
It is similar but if you want to test out your luck then why not?
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Topic
Board Bitcoin Discussion
Re: John McAfee and his $100k to $1 million prediction
by
peter0425
on 24/07/2025, 13:33:31 UTC


https://x.com/officialmcafee/status/1141442426088898562

And who would go back in the past when John McAfee (RIP) was the ultimate shill of Bitcoin even before Elon Musk became the poster boy for quite sometime. And yeah, he could be correct, as we touches $100k already and so the next big jump will be a million in the future.
No doubt but before bitcoin reaches a million, we will have to reach $200k... then $500k... $800k... before a million. Bitcoin has reached far but there is still a long way to go. We can't just go from $120k to a million in a year. That would be frankly speaking impossible (I would like to see that but let's be real here lol). Anyway if you have believed in bitcoin since then, no reason for you to suddenly lose trust in bitcoin now.
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Topic
Board Economics
Re: Currency Debasement Vs Inflation
by
peter0425
on 24/07/2025, 12:56:29 UTC
How I see the difference between Inflation and Currency debasement is this:

Inflation more or less happens to all countries naturally. It just varies by rate. If a country is experiencing rapid or high inflation then it means it is no longer healthy but if a country is experiencing inflation at a low rate then it is still ideal. Why does inflation happen naturally? Because of the growing economy of a country.

Meanwhile currency debasement doesn't just happen naturally. It has to be intentional. Done by the government in a form of policy or something. Usually if this is happening, it is bad.
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Topic
Board Gambling discussion
Re: Using auto-bet bots on crypto casinos smart or suicide?
by
peter0425
on 24/07/2025, 12:34:43 UTC
– what game + house edge u run it on
I am not using an autobot on crypto casino games irrespective of me knowing how it works and the advantages/disadvantages of it.
Honestly, if you are gambling to have fun a bot would definitely make it less fun and would make it more about trying to earn money or trying to outsmart the casino or the game. I don't want to use a bot because I want to play on my own. End of story lol.
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Topic
Board Economics
Re: Investment is for everyone
by
peter0425
on 23/07/2025, 11:06:43 UTC
However, in the long run, having multiple investments won’t make you real rich if you aren’t capable of managing them well. It’s easy to invest one at a time, start with a small amount and challenge yourself to make it grow and progress through your knowledge, skills and perseverance on your investment.
Having multiple investments would be ideal as long as you pick them carefully. You wouldn't want to invest in many assets for all of those to end up being invaluable or a failure. You can pick only a few ones as long as they are incredibly good and profitable.
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Topic
Board Gambling discussion
Re: What is the cost of your mistakes?
by
peter0425
on 23/07/2025, 10:47:02 UTC
There's a saying: "If you can pay with money, it's not expensive".
I understand this quote but at the same time, money is really essential whether we like it or not. It's the truth. We need money and without it we might not survive. So we should be careful where we spend our money on.
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Simply, money comes & goes... but if you have to "pay" with "something else," it's most likely with something irreparable & irreplaceable.
If you are betting with your life, might as well reconsider because that is something you can never take back no matter how much you regret it.
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Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
peter0425
on 23/07/2025, 10:30:46 UTC
I see your point, but one thing about investment is that what you put in stays in, and you need to have something that keeps you going without touching what has been kept in for the long run. It is okay to stop adding into the investment plan for the reason of needs, but don't take off from the investment if the need is not very crucial and necessary. Taking some discretion in one's investment is very crucial and here in the crypto industry, we know very well the importance and power of patience.
This is why it must be emphasized that savings and investments are not the same thing. Savings you can get from when you need the money but investments, unless you are ready to take out everything and you are already content with what you have made as profit.
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Topic
Board Gambling discussion
Re: Excitement in gambling and How to Control Yourself ?
by
peter0425
on 23/07/2025, 09:29:13 UTC
The excitement of winning is really overwhelming and require lots of discipline to stop at that point before incurring lose weightier than the win.
But I think why some can't or won't stop is not all about the excitement but is about the greed of wanting more when it is even obvious that the next try is totally uncertain and blurry
It is hard to stop feeling excited when you are winning and you are getting real life benefits like money. If let's say a father started gambling and he is able to feed his family and buy their wants and needs because of his winnings, it is hard to control that excitement and he will surely continue it even more.
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If you ask me when is the best time to stop, I will say it is when you are high on the joy or excitement and calm down before going again but not same day or even week
When you are high on adrenaline, it is hard to think properly and you might make decisions you will be regretting over time. So, calm down before you make another bet.
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Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Topic OP
Has El Salvador been lying to the world?
by
peter0425
on 23/07/2025, 07:17:07 UTC
⭐ Merited by alani123 (2)
Quote
El Salvador has not made any new Bitcoin purchases since February 2025, according to a new report released by the International Monetary Fund (IMF) on July 15.

The disclosure directly contradicts President Nayib Bukele’s long-standing public claim that his government has been buying one Bitcoin per day.

The IMF’s findings were included in the first formal review of the country’s Bitcoin program since El Salvador secured a $1.4 billion loan agreement in December 2024.

[...] The report noted that although on-chain activity shows BTC moving between wallets, these are not new acquisitions. Instead, the transactions reflect internal transfers between cold and hot wallets.

The IMF emphasized that these movements had led to a “misinterpretation” of El Salvador’s Bitcoin activity. Officials further argue that reallocated reserves or assets obtained through legal seizures do not qualify as state-backed Bitcoin buys.

El Salvador probably wanted to keep their image as a bitcoin friendly country. Not only do they want to appear friendly to bitcoin, it seems like they want to be a country known for having a lot of bitcoin and possibly get investors in their country. I have seen some people doubt IMF's reports but what do you think? It makes sense if bitcoin has become El Salvador's political move.


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Topic
Board Gambling discussion
Topic OP
Does the novelty wear off?
by
peter0425
on 22/07/2025, 14:53:49 UTC
If you are extremely rich and you can just gamble up to your heart's content, does the novelty of winning wear off? Like would you get tired of gambling since there's really not much risks because you can gamble with any amount and still receive little to no consequences?
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Topic
Board Gambling discussion
Re: Have you been addicted to gambling in the past.
by
peter0425
on 22/07/2025, 14:02:59 UTC
Self-control will be enough to get out of gambling addiction. You can only take a decision or take help from others to get out of gambling addiction when you feel remorse. Otherwise, there will be no hope of getting out of any addiction through others or yourself.
It is easy to say but not very easy to do. Not everyone can control themselves unfortunately. Even if we say it is about discipline, it is hard to actually implement that. But your enemy truly will be yourself because you have to fight the urge to gamble
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To get out of gambling addiction, I will give you the best advice that you should focus more on self-control in the beginning and quit gambling gradually instead of quitting it completely. If you decide to quit gambling suddenly, it may not be successful. What you need to do is reduce the amount of gambling. Continue to reduce the amount of gambling in this way, eventually you will succeed in quitting gambling completely. This process may take 2-3 months.
Some people may find it more helpful to completely cut off gambling for good. It really depends on what works for you so do not be too disappointed if one way does not work for you.
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Topic
Board Bitcoin Discussion
Re: Bitcoin does not discriminate
by
peter0425
on 22/07/2025, 13:09:32 UTC
This isn't discrimination. If your card's been rejected you'll have to ask the bank why it didn't work they'll explain why it didn't work. Some web hosting & domain seller companies accept bitcoin so it's good you've got the domain.
OP seems to think the website is racist. (?) I do not know how true that will be. Like you said there could be just some issues with your card or it's just not compatible with the site. You would need to check again but either way, this highlights how in times like this bitcoin really is the best option to pay online for less hassle.
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Topic
Board Gambling discussion
Topic OP
Why some countries gamble more than the others?
by
peter0425
on 22/07/2025, 12:20:32 UTC
1. Support from the government.
Countries who gamble a lot has solid laws protecting their players so gamblers in those countries can just freely gamble as much as they want without having to worry about their rights. This doesn't mean that the countries have very free and loose rules but it just means that they have clear frameworks. Some other countries have some limitations but since their rules are clear, many still gamble.

2. Bigger paychecks.
Not all rich people are gamblers but they certainly have more chances to gamble if they wanted to. According to data, the higher the income is in some countries the more people gamble in that country. Since the average citizen is earning a lot, even if they spend quite a significant amount of money in gambling this will still not cause financial doom.

Is it fair to assume that a better economy and a solid framework will make people gamble more but be addicted less? This is the source, by the way.
Post
Topic
Board Economics
Topic OP
Ensuring generational wealth
by
peter0425
on 22/07/2025, 11:51:08 UTC
I hear a lot of young people wishing they can build generational wealth for their kids. The kids of their kids and the kids of their kids' kids. But is it really up to us? We can build wealth now and leave all our assets to our kids but how can be sure they can protect the wealth and make it grow even more?

Honestly the best thing we can do is to teach our kids and hope that all the things we got to accomplish for them won't be put into waste. Build your portfolio now. Invest in assets that will be profitable in the long term so you can leave this to your kids.
Post
Topic
Board Bitcoin Discussion
Re: Biggest bitcoin giveaways in history ?
by
peter0425
on 22/07/2025, 10:15:28 UTC
I mean, you don't even have to look very far. Gavin's faucet used to give out 5 BTC at a time.
Wow. That's actually way too massive to be frankly speaking, because 5 BTC by today current price (i.e $118k per BTC) should be worth roughly over $590,000 at this moment. And it's really nice to know that Gavin Andresen once offered Bitcoin as giveaway to encourage the promotion and creating awareness about Bitcoin back in the days.

Yeah but back then 5 bitcoins would probably not even be worth $5. It is insane to compare. Back then 5 bitcoins probably were worth $2 in 2010 compared to now where it would be almost $600k. It is only 15 years and it grew into that. Imagine if you held into those bitcoins until now....

And secondly, sorry to go outside the box, because I would have loved to know what actually happened to Gavin Andresen? Because he was last seen on the forum January 13th 2023, and I also noticed the last post on his blog was published on March 6th 2024. So what happened, did he finally just left the forum to focus on other areas or ...


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I can't find that much information but in reddit they talk a lot about when he went to CIA to present bitcoin. There seems to be a lot of conspiracies regarding that and with association of Satoshi as well.