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July 10, 2024, 06:41:13 AM *
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101  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: June 11, 2024, 09:58:20 AM
There is no chance to expect much here. A gambler here can lose all his money in a moment. Even if a gambler has enough experience and skill about gambling, he should gamble within the limit. A gambler can set aside a certain amount of money and gamble with that amount. In this way, if he loses a certain amount of money by gambling, then he does not need to gamble more later, but if he can win by gambling with that certain amount of money, then he can plan again later. If a gambler gives too much importance to this game and if he continues to play after losing then he will definitely lose money here.

Exactly right.

It doesn't matter how much money the gambler had to begin with, it is possible for the gambler to lose it all.

The expected return is negative in gambling, so it is a matter of time until the gambler loses all their money.

A wise gambler knows when to stop, and is not forced to stop when there are no more chips left.
102  Other / Off-topic / Re: Know when to stop on: June 11, 2024, 09:56:42 AM
~snip~
Risks is what we take to stay strong enough in the system, don't jeopardize our chances but focused on top goals. The space is not easy and we should make sure we comprehend our styles for the betterment of our own ends. As a gambler, know when to expect profits and losses because we can never been so confident about the possible outcome on our end. Knowing when to stop should be something that should be made easy for everyone.

Knowing when to stop is a really useful skill. It's not only for gambling, but anywhere else in life really.

If you are in a heated discussion, it is usually a good time to stop, but few people do.

If you are spending too much money somewhere it is usually good to stop, etc.

It's pretty obvious but also very difficult to actually achieve.
103  Other / Off-topic / Re: Do you think gambling every day is better? on: June 10, 2024, 11:41:51 AM
Gambling everyday is the worst senerio that can ever happen to someone.If you are a gambler who can't stay a day without gambling,then your financial stability will be shaky because we all know that in the process of gambling,we lose more,and if you make gambling an everyday thing for you,there is every tendency that you will be a broke person and won't have any savings anywhere.
I am able to say this because I have been an everyday gambler,and I was able to limit it to once a week through  self discipline,I discovered that it was slowly killing,so I had to stop.

Yeah, continuous gambling just simply means that you will end up losing it all in the end.

The best way to stop gambling is to stop when you earn big, and never play again.

Of course that might never happen, and you end up losing anyway.

As long as you enjoy it, you should consider it money for entertainment. That's pretty much it.
104  Other / Off-topic / Re: How much of my salary should I use to gamble on: June 10, 2024, 11:38:57 AM
~snip~
Using fixed amount to gamble? Absolutely the plan to stay strong. We worked and toil tirelessly to earn a living and we can't just jeopardize our salaries for gambling except for those people that are gambling addicts. We should be very careful with the system because it doesn't always go as plan. We're different and we use the percentage that's convenient for us and not copying the style of others. The system comes with negative and positive results, just be ready accept the one that fall for us.

Yeah, and it is a good reminder that the most probable scenario is that the casino will win all the money in the end.

If you are OK with that, and have a good time with the money you spent, then I don't see any problem with gambling like that.

The issue appears when people blindly waste all their money trying to become rich, and ironically end up poorer than before.
105  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: June 10, 2024, 11:34:36 AM
~snip~
I agree with you, another example is some one gambling with his last penny and another person having much more funds to gamble with, the person with much funds will have opportunities to keep trying his luck until the luck smiles at him but for the person with last penny, he's going to keep being very careful until he lost his last penny and go home koboless. The rich has more opportunities to take risks than the poor because they will always have an extra funds to continue trying while the poor has nothing after gambling with what he has at hand.

Yeah, but the rich person can go all in, in the same way that a poor person goes all in. The amounts will be different, but both will be broke if they lose the bet.

That's pretty much it.

Yeah, the rich person can bet the same amount the poor person is making all the time, but that's not the point. The poor person could also bet less every time, and they will have money to continue, it's the same.
106  Economy / Gambling discussion / Re: Have you ever done something crazy to bet? on: June 10, 2024, 11:32:11 AM
Yes a lot of crazy thing you usually happen when we are younger I’m we have done some things that is really a mind blowing thing that we can not believe if you listen to eat, but it just what has been happening in our younger age, Well, I know that so many contribution has already been done on this topic, but it is really true. This happens. I think I can remember some of the kids in my area. Still do this now still exist that is the truth. I understand it’s very.

Yeah, I think it is natural to see crazier things being done while younger. There is less to lose, the body and mind is at their peak, there is more free time, etc.

Pretty much everything points out to do crazy things while younger, but casino gambling might also be something that older people with more responsibilities have. Because maybe they want a way out of the rat race, etc.

It can happen at any age really.
107  Economy / Gambling discussion / Re: Risking 1% in Gambling on: June 10, 2024, 11:30:10 AM
~snip~
You are making so much sense here, this 1% depends on the gambler, his plan and the amount he earns, as it could be too much to gamble at once in some casinos due to their terms and conditions if it is a huge amount of money or too small to gamble if the gambler is such that makes a very low income. This is a good reason why it can't be a basis for everyone, and in my last replies here, I made it clear that whether or not it even goes in line with my income, it can never go well with my personality and my gambling plans, so it is dead on arrivals as far as I am concerned.

I do not measure my wagering amount in gambling with any modality, based on my discretion, I only earmark a certain amount that is convenient for me to gamble and that I can lose without being hurt. That is the money I gamble with, and it's so far so good for me, which I ever intent to keep. However, I know this is so precious to the OP according to how he has shared his view and it is not entirely bad as well, which is why I say we should go for whatever we love in gambling so long as it is convenient and working for us.

Yeah, I think it might help a bit to some people to look and see how much of their income they are gambling away, and change behavior if needed.

But as a rule, I don't think it applies to everyone.

Sure, if you are OK financially and have fun gambling, and it is about 1% of your income, then they might be happy with that outcome.

Maybe that was the original intention of OP.
108  Economy / Gambling discussion / Re: Is gambling bad to the society? on: June 06, 2024, 08:15:58 AM
It is a vice basically. Similar to alcohol, and other drugs.

It gives people a feel good moment in the present in exchange of a worse future.

Every person should control themselves and use gambling whenever they see fit, which could be potentially never. Every person has their own limits.

It's the same with alcohol, some people never drink, others drink occasionally, and others are addicted to it.

The exact same thing happens with gambling.

So, yeah, overall things like alcohol, gambling, etc, can be seen as a negative on society, but of course they also bring positive feelings in the present. Otherwise if it was only negative then no one would do it.
109  Other / Off-topic / Re: Gambling is a fatal mistake on: June 06, 2024, 08:12:53 AM
Actually I have an elder brother in gambling, he basically works in a private company. Received May salary on June 04/06/2024, he did not come home after receiving salary. Three sons one daughter and his wife live in his house, and he gambled all night and entered the house on the next day 05/06/2024 today morning after losing all the salary money. After entering the house, his wife asked him to go to market, he replied, I don't have money, wife said, you got salary, what did you do with the salary money? 
In this way, quarrels between the two gradually arise and when it becomes known in the society, it is gradually known that he has played gambling. And he went somewhere far away from home after the fight till now there is no trace of him and he didn't try to contact him till now. So I shared this with you because of how dangerous gambling is in the eyes of families and society. What could be the biggest reason behind this person giving complete money loss?

At the end of the day casinos are a profit making business. They use well known psychology tricks to make gamblers think they are going to become rich if they gamble at their casino.

It is an addiction basically, dopamine in the brain gets released when you win, and the brain doesn't understand probabilities very well, so there is a disconnection between reality and what they think is really happening.

Gamblers continue to gamble all the time, until they run out of money. That's usually how it goes, because there's no other stop mechanism, just bankruptcy, lack of funds. That's the only way an addicted gambler stops.
110  Other / Off-topic / Re: Know when to stop on: June 06, 2024, 08:08:30 AM
A gambler will automatically know by himself when he needs to control himself from gambling. There is no need to help others or stop yourself from taking advice from others. When a gambler faces gambling or casino losses several times in a row, it will automatically come into him to stop gambling.
If the family leads a miserable life for him and becomes impoverished then he should refrain from gambling it will automatically come to him.
When a gambler causes harm to his society or environment, it will automatically occur to him that he should stop or stay from gambling.
However, those gamblers who cannot control themselves in all these situations must be assumed to be personally disordered and have lost all ability to control themselves.

I think the most common feeling to appear in a gamblers mind when they start to lose is that they want to recover their losses by gambling more.

The whole casino is trying to make it the most natural thing in the world to stay there and keep betting, 24/7.

That's why there are no windows or clocks anywhere. You lose the track of time and suddenly you run out of money.
111  Economy / Gambling discussion / Re: Risking 1% in Gambling on: June 06, 2024, 08:06:46 AM
This is a very good idea of using just one percent of your money to bet that is a very nice idea because you will not regret whatever you have lost after losing your bet because the money you took out from your portfolio is just one percent of the total portfolio and that is a smart move. It won’t really affect your portfolio and you won’t lose more than what you can afford. I will advise so many persons to stick on this ideas. This is one of the best idea to run through Bey2 and to avoid some issues and lost of money and this is a strategy of betting wisely .

It might sounds good on paper, but in reality there are some issues with it.

For example, if you have a small amount of money, 1% of it might not even cover the minimum bets...

On the other hand, if you have a lot of money, that 1% could be such a massive amount of money that it could be much better invested somewhere else.

Also, if you have that much money, I don't think you would want to be gambling anyway.
112  Bitcoin / Bitcoin Discussion / Re: Australia's first Bitcoin ETF just opened for trading on: June 06, 2024, 08:02:52 AM
This is great news!  I also prefer to hold/own/buy bitcoin directly, but there's a lot of people who've got money in retirement plans, like IRA's here in the United States that can't access the funds prior to the age of 59.5, so investing it a bitcoin ETF allows direct exposure as well as limits tax liability (potentially) or is simply the only source of money that they have that is able to be invested in bitcoin.

I wonder if in AU, or other countries across the glove if your stock market allows for US ETFs through ADR's, or a similar type product (ADRs= American Depository Receipts.. a way to own a stock that is not listed in the US)

In Australia you can have your retirement funds setup with Bitcoin.

The retirement savings are called Superannuation in Australia, and you can opt to self manage it. If you do that, you can set it up so that it invests in Bitcoin.

Here's one company that offers this service: https://www.bitaroo.com.au/self-managed-super-fund

So, you don't really need these ETFs to get Bitcoin in your retirement fund in Australia.
113  Bitcoin / Bitcoin Discussion / Re: Why are banks against cryptocurrency? on: June 06, 2024, 07:59:05 AM
Are banks really against crypto currency?

I think banks are drawn to the efficiency and speed offered by blockchain technology, which can facilitate faster and cheaper transactions.That is why most countries are now adopting and making digital versions of their fiat currency.

I do feel that banks are wary of the regulatory uncertainty surrounding cryptocurrency, as well as the risks associated with its volatility and potential for fraud.

Despite these concerns, many banks are exploring ways to incorporate cryptocurrency into their services, such as custody and trading.

Blockchain is not fast and efficient. It is censorship resistant.

A centralized solution provides way more efficient processing times.

That's why you don't see blockchain adopted in other realms, because you can do it better in a centralized way, as long as you don't need to be censorship resistant.
114  Bitcoin / Hardware / Re: Official FutureBit Apollo BTC Software/Image and Support thread on: June 06, 2024, 07:54:54 AM
~snip~
Which binary type did you download, only linux 64 arm 64 and windows gcc is being supported right now, the other binaries will still have the old version

Just tried again to make sure, and yes, it is still the old version. Here is the Linux x86_64 latest binary from main branch:

Code:
wget "https://github.com/jstefanop/Apollo-Miner-Binaries/raw/main/Apollo%20BTC(Gen%201)/linux-x86_64/apollo-miner"
chmod +x apollo-miner
./apollo-miner --help
Quote from: apollo-miner
apollo-miner 09bb0bf 2021-11-22, msp ver 0xd166
115  Other / Off-topic / Re: Know when to stop on: June 05, 2024, 01:48:49 PM
One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.

* Stop when you are now feeling as is you can't do without gambling.

* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.

* Stop when you are not even winning at all, it's not your thing.

* When your losing is weighing you down, stop and restrategize .

To be honest, the best way to know that you need to stop is to search in you.

If you feel like you lost too much, stop.

If you feel like you gambled too much, stop.

If you feel like you spent too much time gambling, stop.

Etc...

At the end of the day, you need to be in control of your life.
116  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: June 05, 2024, 01:46:41 PM
~snip~
Addiction can happen to anything and not just to gambling, so every person must be able to understand that every job they do must have clear goals and elements, as you said, for entertainment when gambling. But of the many addictions, only one addiction can bring good to each of us, namely the addiction to continuing to work and earning money. The rest is just to fill your free time with gaming and gambling entertainment because luck through gaming and gambling is actually almost the same, that is, neither can be predicted precisely.

Yeah, actually addiction is a slippery slope, you can be fine a few weeks but suddenly you start to gamble a bit more, etc,....

It is a thing that you need to keep in check, and it is only you who knows what is the right balance...

Some people strive with some gambling while others cannot do a few bets... it all depends on you.
117  Other / Off-topic / Re: How much of my salary should I use to gamble on: June 05, 2024, 01:41:46 PM
For me I think if I see a better game that I we play I we not mind using 10 to 20% my salary and play the game why because sometimes taking risk in gambling is very important because once you are not using a better amount in our gambling you we see that after the game we play you start blaming your self that why did I not use a huge amount on this particular game I think by now I would have won a huge amount of money, so that's why is always good as a gambler when you are placing a bet try to put better amount that we make happy when the game played.

The thing is that 10% or 20% is probably a lot different to a lot of people.

First of all, is this pre or post tax, also, what if you just invest it all, you would be more richer anyway....

So, it really matter about how much money you are making so that you are comfortable wasting it all...
118  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: June 05, 2024, 01:39:00 PM
Every gambler should have a set rule which they abide by as they gamble, according to there risk tolerance level. I believe if any gambler have rules, they will know when to stop, continue or rest from gambling because limits are set with discipline, when this is not the case, such gambler will develop a bad, unhealthy gambling habits which does not always lead to happy ending.

If any gambler keep gambling after incurring a loss probably he has not exhausted his cash for that day, still see an opportunity within his rules, but any gambler aside this context is wrong and yield no good.

That sounds nice in theory, but in practice, you are there, almost losing it all, but just about to win it all....

Also there are nice looking girls serving you free drinks and food. It's a pretty good deal if you are just spending a bit of money on the side I reckon....
119  Other / Off-topic / snip on: June 05, 2024, 01:35:01 PM
~snip~
I don't do blamw cane's for newbies because today ways of gambling, it's full of making money and making money, there is nothing really fun to begin with but we all pretend that's the main thing that make everyone to gamble but when you check very well, it's all about money these days. So when a new person joined, instead of them to learn how to maximize their skills to win, they will gamble everything continuesly untill they waste all that money and they continue like that till addiction set in.

It's really the responsibility of a gambler to understand gambling and casino responsibility to help a new gambler but because money is always the motivation of the two parties, nobody have time for that, the casino want to make money as possible and the gambler also want to make more money as possible, no time for learning and the person that suffer the most is the gambler because the casino is the one at the receiving end always.

Yeah, that's 100% the responsibility of the person doing the gambling.

Yes, it might be a tricky thing, yes, it might be tough on the people, but that is just how the game works.

There is nothing anyone else can do to help, it is just them vs the odds, which are against them. That's it.
120  Bitcoin / Hardware / Re: Official FutureBit Apollo BTC Software/Image and Support thread on: June 05, 2024, 02:09:30 AM
jstefanop, looks like you uploaded the same old binaries for the Apollo 1 in git. Just downloaded it and this is what it is saying:

Code:
$ ./apollo-miner -h
apollo-miner 09bb0bf 2021-11-22, msp ver 0xd166

This is identical to the output of the old binary.

Which binary type did you download, only linux 64 arm 64 and windows gcc is being supported right now, the other binaries will still have the old version

Tested ARM64 and AMD64, both Linux, both gave me the same output.
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