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Showing 20 of 10,224 results by wxa7115
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Board Economics
Re: Everybody is very rich look the prices of everything
by
wxa7115
on 13/08/2024, 04:11:10 UTC
The prices in the world show's exacly that people are very rich.
If nobody can't afford paying those prices then prices will fall If prices are so high it means people can afford.
But it's shame that anyone tell they don't have money to spend or buy expensive things becouse high prices show's what's the new Normal.
New Normal is WEALTH look at the rent prices even not good locations ...lol  they are extremly expensive.
Everything show's that people are very rich and all have good jobs and a lot money in bank accounts.

The new Normal is to be very wealthy and it's shame to tell others you don't have money nobody don't belive you they think you joking becouse it's impossible to live in this world like this If you don't have money.

Finally the world is rich
Not really, what this means is that people in order to get by, ask for all kind of loans hoping for things to improve, however we are reaching a tipping point, as consumer spending makes a great deal of the world economy and if it goes down as people cannot borrow anymore, then the economy will go down with it.

This is making governments very worried and they are asking for people to keep spending and getting more debt, but for most people this is not possible anymore, so most likely a reduction on consumer spending is coming.
Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
wxa7115
on 13/08/2024, 03:39:51 UTC
⭐ Merited by JayJuanGee (1)
that's why I'm looking for learning about bitcoin investment here. in this thread there are many different opinions and can be a consideration that must be understood well so that we get lessons about many things bitcoin investment. sometimes I get replies that I don't understand and I apologize for that, but I really appreciate the replies I get are valuable and I will learn to be able to understand them well.

If you are looking for learning about investing in Bitcoin, you can take advantage of more topics in this forum besides this one topic so that your understanding of how to invest in Bitcoin can continue to grow and make it easy for you to draw conclusions. In addition, you can also read on more websites for things like Bitcoin investment and also for the best methods that are still used by many Bitcoin investors today besides understanding the various opinions on topics like this.

edited
Reading a few books about the investing will also be very helpful, since a great deal of misinformation can be read and watched online, and it could bring a great deal of confusion to a newbie when reading that contradictory information, and while false information can be found in books as well, one or two good books about investing are more than enough to get a person on the right track.

Also it is not a bad idea to read more about bitcoin not only as an investment, but simply about how it works and the principles behind it, as the greater the understanding an investor has about it, the more likely it is for them to stick to their decision to remain invested in bitcoin, even when the short term results they get may not be favorable.
Post
Topic
Board Gambling discussion
Re: When I'm emotional, I LOSS!
by
wxa7115
on 13/08/2024, 03:01:44 UTC
In most cases gamblers cannot control their emotions when they lose. In fact, the most important thing to control your emotions in gambling is that the player who can do it will not become the only victim in the future. We can see in many cases that there are many gamblers who do not control their emotions when they lose but they want to double the bet to make up for their lost money. But whenever they start committing such wrongdoings, they suffer more losses and become very emotional. Moreover, one must always control oneself in gambling and stop oneself when one loses money until one can control oneself, one can never be a responsible gambler. Between winning and losing gambling there must be a stop in between which can lead a gambler to a good stage in the future but if emotions are not controlled then it will surely lead to losses.
Many gamblers do not even consider the possibility of controlling themselves at all, what they want is to obtain a great deal of fun and profits from gambling, and what is ironic from that posture is that those that are looking for both of those things very often obtain neither.

Since it is impossible to obtain any fun while they are losing so much money, and despite the overwhelming evidence that their wishes are impossible to accomplish, many gamblers will not give up hope until they lose every single dollar they had to their name.
Post
Topic
Board Gambling discussion
Re: Land Based Casinos in the Digital Age
by
wxa7115
on 13/08/2024, 01:54:26 UTC
I think land based casinos are doing great. For sure their growth has maybe not kept up with the lace it had on the 80s but really it's an industry that is still taking in millions every day in profits so I think the land based casinos will keep doing fine. A land based casinos offers an experience while an online casino is a past time. There are many advantages that land based casinos have managed to keep and I think they will continue to keep them as it's hard to translate most aspects of physical gambling online.

Obviously, land base casinos are making money, and now that the pandemic is over, they could have been seeing some profits already and who knows, they might be in the break even numbers or could have recovered from what they've lost during the lockdown. And as you have said, people still prefer to play in traditional casinos as atmosphere is very different and it offers a different kind of experience to gamblers.

Although they will really need to have more gimmicks to attract gamblers as offline is slowly eating up their way to the top of gambling. And so with that, the competition between the two is going to be very cutt-throat. Nevertheless, if they are making millions every day, so I guess the business is still going to be very good in the long run.
Offline casinos will have to adjust their business model if they want to remain competitive, after all online casinos are cheaper, available all the time, more convenient and offer a better experience, while at the same time the trend is for more services to move online as the tastes of the new generations are changing.

Meaning that if offline casinos do not offer a better experience or they do not move online, soon enough they may not have enough clients to remain in business, as their current customers do not get replaced by new ones.
Post
Topic
Board Economics
Re: It's not smart to borrow funds and Pay back
by
wxa7115
on 13/08/2024, 01:02:53 UTC
Only a fool takes a loan and pays it back, the point is when borrowing, especially for large loans, go bankrupt, get the money out somehow, use a good accountant and don't pay anything back. if you take a loan in order to pay it back, you are a loser because the interest is your work and the effort you give away. besides, banks print money out of thin air, so this money is free for everyone.
Money makes money so with this money you can set up the real honest business or to set up next business on other person name keep money flowing then build some credit history and take new loan.
That's the smart way and your time efforts getting paid and you make atleast something out of it.
You want people to become thieves, because at its heart this is what you are proposing and I cannot agree with it, even if I think that bankers are a big part of the problem with the current economy and I consider them to be thieves themselves, it is simply wrong to lower yourself to their level.

So if you do not want to get in trouble and you do not want to pay for the interests generated by a loan, the solution is simple, do not ever ask for a loan and you will never have to worry about this.
Post
Topic
Board Economics
Re: Im waiting Crisis to buy finally land and Property or to build myself
by
wxa7115
on 12/08/2024, 10:29:02 UTC
Yes Im waiting crisis when i can buy finally land and Property everything is so expensive.
But war will make better prices in every bad there is something good war it's not good thing but at least you could buy something cheaper after war.


This plan is quite genius but wicked.  To have yourself a cheaper means to buy properties, did you want your country to engage in a war?  The question is, are you still alive after war happened in your country?  As far as I know, when a war breaks out, the country may mandatorily enlist capable people and may punish those who would not adhere to the call or be executed. 

So instead of wishing your country to get into a war and see devastation in front of you to buy cheaper properties, why not make use of your money and invest it to some profitable venture in order to make your purchasing capability improve?
I will add that there is no way to know how much whatever money you had saved will actually buy, so if you had your money saved on your local currency, then it is likely its value has crashed as the government needed to print a lot of money, ask for loans and its local industry was destroyed.

And all of that is assuming the local government won the war, because if it lost it, then your fiat could be completely worthless, showing that such plans are a waste of time and they also bring a lot of bad karma, so it is better to not wish this upon anyone.
Post
Topic
Board Altcoin Discussion
Re: A Meme coin investor turned $8,000 Investment into Billion?
by
wxa7115
on 12/08/2024, 09:58:54 UTC
A large amount of investment can not only give you a huge profit but can also give you a huge amount of loss. Apart from a few altcoins, all other altcoins cannot guarantee you that they will surely organize you 10x profit margins for the investment amount. And let's also say one thing that apart from Bitcoin and other prominent Altcoins, the risk of losing is high in other Altcoins, whether it is meme coin, AI or Defi etc. 
 
So it's meant to say that you should invest a huge amount in this coin, which you think can really give you a big amount of profit instead of a big amount of investment. Like Bitcoin or Altcoin has ETH, BNB, SOL etc.

It is left for an investors to know for himself the amount of money he or she can afford to lose and the amount he can not risk losing. There are some rich investors who can risk about $5k in altcoins and for me I can't risk such huge amount. Those rich investors, even if they lose the $5k, it wouldn't affect them and there are some cheap altcoins that you will invest that amount ($5, 000) and if the token pumps, you can earn $50, 000.

Around February this year, I saw a news on binance exchange regarding a trader that used $1k to make $100k just in two hours. So, it is actually the decision of an investor to know how much he or she can risk.
Traders and investors should do well to ignore such news, exchanges love to promote it as it gives the impression that anyone no matter what can earn big profits while trading, however it is clear that for someone to produce those kind of results they had to take a massive risk.

However, you never hear from exchanges about all the people that took the same risk and that instead found misfortune and huge losses, as that is not good for business and it breaks the illusion they are trying to create.
Post
Topic
Board Gambling discussion
Re: What if Gamblers had to go to Gambling school to learn?
by
wxa7115
on 12/08/2024, 05:04:10 UTC
What if there was a legit gambling school that teach responsible gambling for maximum benefit in nearly every country that have gambling citizens, will it help to make gambling a profitable career or investment for potential new and old time gamblers?

Also, will the study or reading of books on gambling theories and strategies help to brush up one's understanding of how games are won, more than videos and podcasts would?
There are some gamblers out there offering courses, but I do not think there will ever be a school like what you suggest, and the reason for this is obvious, the few people that could actually teach how to do that are not willing to do it.

And with good reason, as if I had a way to profit from gambling, you can be sure I will never share it, since who in his right mind will share the information necessary to achieve this, when most likely they had to discover how to do this on their own?
Post
Topic
Board Gambling discussion
Re: Traditional gambling style without a casino
by
wxa7115
on 12/08/2024, 04:24:57 UTC
The other day I was playing in the middle village at night, and saw a group of old people gathered at a night watch post, they were playing cards, I thought they were not gambling, just playing cards, but the longer I was there it turned out that they were gambling, with the losing bet having to give the winner 3 packs of cigarettes, after a while they got bored and raised the bet using money, this is one form of gambling that I have not tried in the real world with the traditional style, I then joined in the game, it seems more exciting in experiences like this.

Have you ever tried something like this and gambled without a casino?
Any person that has gambled at some point during their lives has tried gambling this way, as even if they prefer to gamble at their favorite casino, at the same time there is nothing like playing against your friends and beat them.

So not only there is an economic incentive to gamble this way, but the bragging rights you can get, especially if you have a great night, are incredible, to the point I know a lot of people that prefer to gamble this way and not give their hard-earned money to casinos.
Post
Topic
Board Speculation
Re: Market Update For Aug 5TH
by
wxa7115
on 12/08/2024, 02:31:45 UTC
It's quite weird to see how bitcoin's movement is now following US market.

The US has the biggest financial market. The financial market of the US affects many other countries, it's like a domino effect. This will affect the bitcoin price. Other countries can ban Bitcoin today and it won't affect the price as much as when the United States bans bitcoins. It's like the US is at the centre of things when it comes to the financial market so when something happens to the US market it affects other markets to a certain degree.
Also, the US is one of the countries with the highest holders of bitcoins so what those people do with their coins might affect bitcoin price.
This was going to happen sooner or later, since the more people enter this market, the bigger the influence of other markets, but even then this should not be a problem at all.

People have very short term memories, but the price is much higher than what it was just one year ago, so the current short term volatility means absolutely nothing for anyone that has been holding their coins for a short amount of time, so it makes no sense to worry over market movements that over the long term will be nothing more than noise.
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Board Trading Discussion
Re: Important Things I Wish I Had Knew Before I Started Trading
by
wxa7115
on 10/08/2024, 05:26:20 UTC
There is no such thing as path to guaranteed profit. You need to update yourself with what's going on with the particular project you are interested in. As they vary from one project to another, you need to keep up with what's happening to their developments and their plans. Some projects will abandon their platform without warning, so you need to be cautious on how you are allotting your budget to this type of volatile investment.
If someone is willing to take their chances with altcoins then they need to keep the budget allotted to them at a very low level.

Because most altcoins will show a performance that is nowhere near what people expect, and if you invest all your money in them, then your losses will be just as big, but if instead you only use a small amount of money, the rest of your money will be safe and you will discover that trading is not really for you.
Post
Topic
Board Altcoin Discussion
Re: Why are people interested in investing in altcoins rather than Bitcoin?
by
wxa7115
on 10/08/2024, 04:26:38 UTC
Recently I have heard from some newbies that they are more interested in investing in altcoin than Bitcoin. They think that investing in altcoins will make them more profitable. So Bitcoin can not be more profitable? Is it possible to earn more profit from altcoin?
If you take a look at the top coins any given day you will see the name of altcoins there and not bitcoin, so those newbies reason that if they invest in those coins they will make more money than with bitcoin.

But with tens of thousands of coins on the market how can anyone know which coin will move up that particular day? No one can do it, besides investing is way more complex than just buying an asset for a price and then selling it for a higher one, investing requires that you actively research the projects in which you are interested, and if you actually do that you will see that altcoins are just scams, with bitcoin being the only one worthy of being held on your portfolio, so if people want to waste their time with shitcoins, they can do it, but they have very low chances of succeeding at all.
Post
Topic
Board Gambling discussion
Re: A Reflection on Security in Online Casinos
by
wxa7115
on 10/08/2024, 02:48:10 UTC
On Jul 30th, I received this email  below. I did't know about it until I checked my spam folder.

edited

As I was about to delete it, I realized that throughout my years of gambling, I've noticed that online casinos are much more secure compared to lotteries, you almost never receive scam emails like this one from an online casino. That's been my personal experience. Has anyone had a different experience, particularly with online crypto casinos?
Scammers do not really care about this, if your observations are correct you can be sure the discrepancy can be explained away by the results those scammers get.

So it is likely they have more success scamming people by writing an email claiming to be part of a lottery, than doing the same by claiming to be part of a casino, so I would not think too much about it and instead will concentrate on not even taking the time to open an email like that to begin with, as you do not know what kind of virus could infect your computer just by opening an email like that.
Post
Topic
Board Gambling discussion
Re: British Prime Minister bodyguard arrested for election date bet.
by
wxa7115
on 10/08/2024, 01:38:30 UTC
I would have love to know the amount that he would have won if he wasn’t caught - because I don’t know how much he saw that made him take that kind of a risk. He knew that his bet would be consider a crime since he already have information about the result and yet he went ahead to make his bet putting his whole job career at stake and with his position I don’t think he would be able to get a better one. I just hope they are lenient with him.

Some risks are not worth taking,I tell if it worth it wouldn't have landed him where he is now and I feel pity for him tho and plead with the British prime minister to temper justice with Mercy.i know the bodyguard had intentions of why he needed to bet on that day as he feels it'll be more favourable to him.

But he never knew it would amount to this, I know alot of person's that are victims of such circumstances.and again some countries kick against gambling,I'm not sure about the British but if paradventure they frown at it,then it's a more reason why he's arrested for such Acts and with his position as the bodyguard it's enough evidence that he'll face the penalty of his actions.
Taking advantage of knowledge which is not available to everyone is often a crime, as this is a scenario that we often find in the stock market in which the CEO and other people at the top of a company, buy or sell the stock of their company ahead of a big revelation to the rest of investors.

So this is making use of insider knowledge for their advantage, something that is clearly a crime, so it does not surprise me the actions of this bodyguard are considered to be illegal too.
Post
Topic
Board Speculation
Re: What do you think will the price of Bitcoin in 2024?
by
wxa7115
on 09/08/2024, 00:32:17 UTC
Based on the current price and situation, I don't see the price going anywhere around $100k this year, however, we know the market is known for its surprising nature, and we have seen how many times the market did exactly the opposite of what most people thought and the same can happen this time again, but the odds aren't very high for that, in my opinion. We haven't seen a lot of positive runs from Bitcoin for some time now, and we are already halfway through the year.

Before the halving, there seemed to be more chances for Bitcoin to go around $100k within this year, but now when I have seen and observed the market for some time, it seems like that can only happen in 2025, and we will need to wait for another 5 to 7 months before we see it going near that price.
If anything, it was a pleasant surprise that the price of bitcoin was able to reach a new ATH even before the halving took place, this made a lot of people to become incredibly bullish about the prospects of bitcoin during this year.

However, the world economy is in a very difficult state, with too many factors that are making investors doubtful about what to do next, and when there is such an uncertainty around the world, it makes sense that bitcoin may be unable to reach 100k or an even higher price right now.
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Topic
Board Economics
Re: Do you have Same problem or you know someone who got same problem?To spend money
by
wxa7115
on 07/08/2024, 08:12:40 UTC
What wealthy people do with their money is rarely my issue, I barely survive and there is a saying "when it rains it pours" which is true in my case, I said this month was the last month that we had any financial issues, turned out not so much and still in trouble a lot longer. In the end, if a wealthy person doesn't know how to spend their money, then that is on them and I do not think that we are dealing with anything that makes any sense for me at all.

I think the reliable thing would be focusing on your own life, do not "get ready when you are rich" because considering the situation very few people will go from normal to very rich, get ready for a normal life and just make sure that you do not miss life.

Both save, but also live, do that together and you will be fine, too many people dream of becoming rich, so much so that OP literally asks how to avoid these luxury stuff when we get rich when we are not even rich yet, that makes absolutely no sense. You know what I want to be able to have when I get rich? A full coverage health insurance, meaning that I can be ANY sickness ever, and go to hospital, do not pay a single dollar and leave, I want that insurance, that's my luxury.
Very often people associate a life of extreme luxury with being rich, and while that can be the case, the most important thing about being rich is your ability to afford the very best and improve your life that way.

After all, someone that is rich can afford to buy the very best food, medicines, medical service and other important stuff, assuring that not only they will live longer than the average person, but that they will also have a better overall health as well.
Post
Topic
Board Trading Discussion
Re: Having a journal of my trades has helped me become a profitable trader.
by
wxa7115
on 07/08/2024, 07:35:34 UTC
Keeping a trading journal is like having a personal diary for your trades. It’s super helpful because it lets you track what you did right and where you messed up. By writing down every trade, you get to see your patterns, learn from your mistakes, and figure out what strategies work best for you. It's a great way to stay disciplined because it holds you accountable for your decisions.

Plus, when you look back at your journal, you can spot trends and improve your game over time. Basically, a trading journal is your secret weapon to becoming a better and more profitable trader.

Do you keep a journal of your trades too, and has doing it helped you?
Without a doubt it is a very useful tool, however it is important to keep track of all the information that you can, so not only you need to write down the price at which you bought and you sold.

Write down as well your reasoning for opening your position and the reason that made you close it, add the image of the chart at both of those times and then one image which shows what the market did afterwards, this way you will be able to revise your trades with the most detail possible, and you will learn the most from both your wins and losses.
Post
Topic
Board Speculation
Merits 2 from 2 users
Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge
by
wxa7115
on 07/08/2024, 02:19:53 UTC
⭐ Merited by JayJuanGee (1) ,vapourminer (1)



Most likely I am not going to use the mobile version of spreadsheets, but you never know.  I know that from time to time, when I am sharing my Excel spreadsheet (or various subparts of them), it is fairly well presented on whatever applications are already on the Iphone.  I presume android phones can also read my Excel spreadsheets, and in the past 10-20 years, we have come along way with cross-compatibility and even way less bugginess (or changes in format) compared to some of the earlier attempts at cross-platform-compatibility matters.

Yes there're alot of Microsoft software apps for mobile including Word,Onenote e.t.c
well there are alot of spread sheet softwares out there actually.. I use Android and there are tons of them on Play store and i believe this should hold same on Apple store..but to be specific i use Zoho  can also recommend Microsoft Excel,Goggle Sheet, XLSX viewer , WPS (i'm sure Google sheet offer free service) and i believe they should be available on apple store.
I never had the need to use a spreadsheet software on my phone, however LibreOffice has an app available for Android and iOS which allows you to view those documents, however if you want to edit them then you may want to take a look at the Collabora Office app which is based on LibreOffice.


100k,wxa7115,76,7300,2024-08-07
Post
Topic
Board Gambling discussion
Re: Media and Gambling, How does it work?
by
wxa7115
on 07/08/2024, 01:48:47 UTC
How often do public perceptions and media narratives influence betting odds in ongoing leagues, and how can bettors exploit these discrepancies to find value bets?


Casinos have known for a long time that gamblers prefer to go for the favorites, and with this in mind casinos offer worst odds for the teams that are the most dominant.

So you can take advantage of this if there is a huge interest in a game and the favorite received almost universal support by their fans, this way casinos will be forced to offer better odds to their opponents in an attempt to balance their books, and that is when you can make a bet on that team with odds that are very favorable to you.
Post
Topic
Board Gambling discussion
Re: Gambling can save lifes due to the word inflation
by
wxa7115
on 07/08/2024, 00:26:43 UTC
I was in pain today because of the incident that I saw in a physical casino shop. Although I am not a fan of going to physical casinos, I prefer playing my bet in an online casino, but today I wish to go to the physical casino so that I can see other gamblers and maybe get experience, but I end up sad. 
 
In the casino, I saw an elderly man crying in regret. I was concerned to know what the cause of his tears was, so I woke up to him to ask, and then the man narrated what happened. The man told me that he works in a construction site from morning just to get something to feed his family, because they haven’t seen food since yesterday morning, so after work from morning to night, the contractor tells them that they will all be paid tomorrow, so he begs the contractor to give him some money for transportation. When the contactor gave him some money, he then had to take a walk to see the nearest casino so that he could use the money and stake a bet to buy something for his family to feed on. After he staked the money, he ended up losing the game. That is why he is crying in regret. 
 
So I ask him, does he actually gamble? He said not at all; he just came to try his luck and find something to feed his family. Then I asked him, Can he still remember the mistake that he made when he staked his first money? Then he said he saw no mistake. All that is involved in gambling is luck. I said okay, I will give him money to try betting, because I also don’t have the money that will be enough to feed his family, so he staked another bet. To my surprise, he won the game and got the money he needed. 
 
What I want to know is: Did I do a good job by using gambling to save him? Or do I just make him have an interest in gambling as a source of income?
It is a difficult question to answer, as in fact you did help this person on his time of need, so it could be said that you did a good action.

However it is entirely possible that such event will be remembered fondly by that person, and from now on he may try to feed his family in this way, hoping for such a thing to repeat itself, which we know is very unlikely, so it is possible this could have a huge negative effect over his life, that being said, even if that was the case I would not hold you accountable for it.