It is the idea of using a bigger bankroll to bet and one would win big that has made lots of gambler used almost all their money to bet. But they fail to understand that the people who use this strategy in betting are financially stable, and they can get back that money in a day without working for it. They have built a financial structure or business so they do not fear to spend such amount on gambling knowing full well it will be replenished in a matter of time.
For someone who just started gambling. Gambling with cautiousness that he has little and do not know all the basics of gambling, he is supposed to use little bankroll to gamble if not he would end up giving everything he had and if there is no backup or source of money flow, he will have no other choice than to be in debt till he gets on his feet again.
People gets tempts with a big wins that they can gets from gambling and that makes them deposit more money to trying to wins. They don't realizes that can leads them to lose a lot of money by use big money but because of they thinks that they still have a chance to wins makes them keeps playing gambling. If they can thinks rationally, they will do that instead just deposits some money to playing gambling and will stops if they gets fun, no matter what's the outcomes. They don't knows how to limits their money in gambling and will not careful when playing gambling. They don't have strategy that can prevents them from the big lose as their minds only thinks about how to wins the gambling games. That's why many people lose more and more money while playing gambling because they don't care with what happens to them if they lose much money in gambling. Yes big win can escalate gambling behaviour but it also depends on the gambler, as a gambler you should know that their are things that can make you to gamble which is either loss or winning, you must be able to be yourself and understand that excitement lead to chase more profit and along the line you may lose your profit and even bet with extra money in your possession, this is the reason why gamblers should know when to give a break or stop for the moment to give room for emotional stabilization, emotions is your state of mind in every moment, emotion controls your habit exhibition, as a gambler apply smartness dont be move to gamble always when any of this events occur because it may lead you to something you will live to regret, lets take gambling as uncertainty and it should always be treated as one. It is dangerous when you have the habit of playing all the time in a casino because you always do things to continue fulfilling that habit and this is something that we must avoid because every time we are in a game we try to do things better, and when We try to improve and if we don't control it we can lose a lot of money, so seeing the casino with a habit is not healthy at all , it is something that can be lost a lot of money, I mean I play the game occasionally, and where I have my money controlled to win or lose If I lose a lot I leave it there , otherwise I don't have anything else to do. Yh. This has to do with being in charge and master planner of how we gamble,not necessarily getting influence by anything. This will help make a discipline gambler and also safeguard one in terms of how they risk there money. Our decision greatly plays a major role not only in gambling but also our day-to-day activities. |
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It is natural that there will be wins and losses in all kinds of sports, gambling is no different. But from what I have seen in gambling, there are more losses than wins. Still, many people find gambling to be a reliable source of earning money. And they depend on gambling for their livelihood. But in my opinion gambling should never be considered as a place to make money. I think every gambler should consider gambling as a form of pleasure.
Only those without common sense or right judgement will depend on Gambling as a means of sustainance. And those are the people that are often wrecked, addicted, commit suicide, loss fortune and emotional disasters. Get a job, learn a skill, invest ... Gambling won't provide. Form of pleasure, yet risking money; how!!! Mehn, let not lie we all gamble to win believe me or not the truth remains you approach with caution and just see it as a place you try to flip a buck to buy more beer or something else. |
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Owners of betting companies don’t have the time to place a bet and it may not be useful because he is also paying himself, unless it a business that has a share holders and maybe the owners of the company has 50% and he can know gamble because everyone in the company deal with percentage
I don't think there's any law that stops owners of a gambling platform to place a bet on any other platforms or with there's, I don't know if I'm right though but I think it takes someone who's experienced in gambling to own a gambling platform therefore I feel most casino owners do gamble when they're less busy or place bets on their favourite sports teams. I don't think there's any rules or law against that. Another thing is that, if the said individual is a gambler then they'll definitely bet with their own company. They're humans like everyone and they have choices and if one chooses to gambler whether as the businesses owner or not them they're good to go so far they gamble responsibly of which I believe they'll since they've already had the experience or have experienced board members surrounding them. There is no law that stand against owners of betting companies, the only laws I know of is this. Owners of betting companies are always allowed to bet but in as much as it's consern, there is not rewards if the owners of betting companies bet in their own casinos because they have the money to themselves, so when they win who's gonna pay? They might try to gamble and test their luck in other casinos that's not owned by them. Exactly. They can gamble with other casinos not there own, as you have said who gonna pay them? It still there money, I believe opening a casino is for business and as such expecting profit so they care about having more customer base and more gamblers to increase, he won't sit and watch or provide a suitable environment for gamblers to win, his concern is how to remain relevant and grow not sit and gamble. He can gamble else where to try, test and also see things for himself and might likely apply any new options to his from such exposure. |
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Sport betting is an exemption from luck,OP. In sport betting you simply apply your strategy coupled with your risk management.
Sport betting is also easy to stake on as we are often confident because it a real live event and we have seen and also know the team or company staked on performance over time.
Sport betting is also popular and enjoyed by most individuals and this is were the fun come in when you gamble on your favorite and watch too.
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You are right in saying that we should really limit ourselves in playing gambling as much as possible. In addition to this, we should also be limited in the amount of money that we gamble on any casino platform so that we can also control the money that we can only lose at the end of the day.
This is were the problem lies, the ability to control and allocate a certain amount which is less for gambling which can be divided into weekly, quarterly and monthly money to be used and if exhausted you're done. I often recommend we gamble with our discretionary funds especially the ones left without any useful purpose that might have been used for beers and chops, if this is implemented I don't believe the rate of chaos in gambling will keep increasing. Moderation and self discipline over everything when it comes to gambling but many are just too into having fun as said by some and winning by others. |
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Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.
OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.
Price is always within the $60k range even if we already entered a new month which is May. We only pass the first half and there are no signs yet of taking off. With that analysis of mine, I don't agree with you that we can hit $73k this month, however the second thing that you said can be true because we are not far from it. It is also normal that after an increase, there will then be a decrease. I don't totally know what you mean by the word respect in terms of BTC price but I think there is no respect there if BTC will just drop right after hitting them. It's not its fault though but it is only following the system that is designed by its developers. Bitcoin isn't following any system by developers, it solely depends on demand and supply running in a financial market. We can't say a financial market is made up of developers and that's what you mean. Mate, we are dealing in a market when it comes to Bitcoin prices not Technology. I meant price respecting those zones, if you follow through you will be clear that means price moving as anticipated. The market is unpredictable yeah, but price creates a roadmap which we follow combined with past and present Data. |
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currently the price of Bitcoin has slowly increased again, which is also a better improvement in Bitcoin so that those who have sold will definitely feel regret due to their lack of patience in investing.
You have to understand that trading and investing are two very different things and when you are quite sure about Bitcoin investment and don't want to choose anything else. You can release all the altcoins you own to exchange them for Bitcoin and then keep them well for future investments. But if you still want to do short trading with altcoins and any shitcoins, that's not wrong as long as you understand that this also has risks because there is no guarantee of such high profits.
Trading shitcoin for a short term isn't a right decision as you have said profitablity isn't guarantee but I greatly advise if possible have nothing to do with altcoin and just focus on Bitcoin. Come to think of it, all the drop in price or pump doesn't really affect our Bitcoin in holdings but just the value equating to Dollar, so I ask do we care about holdings or care more about the value and lose focus on the main aim of buying, accumulating and holding and selling the right time not forgetting to keep reinvesting according to the approach that suites you. |
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Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.
Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin. You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment. It is natural for some people whose finances are not stable or it can be said that they have minimal capital to accumulate money first, indeed for these people it is not easy, but if you have the desire and motivation you have, and work hard to invest in BTC one day you will succeed, there are many examples of people who are rich starting from small things, as long as we are consistent, let time tell how strong these people are and reap the results in the future, don't be too hasty because investing is risky. Start collecting money if you think the capital target has been met, then invest using the DCA method, because it is easy to understand. You are correct! Many new investors may not have enough money in the initial stage. In that case can start small even if it is $5 per week. If he continues this regularly for a long period of time, he will develop a habit of accumulating BTC along with future capital growth. When he starts depositing BTC regularly through DCA method his income can increase as well as investment amount. And if he does his research on the past price of Bitcoin for inspiration, he can get a clear idea. I think one should be more focused on holding BTC without expecting extra profit in the initial stage. So get used to holding BTC to increase the amount of profit in future. Well said. Expecting return from the investment at the early stage isn't necessary because there is no clear path for it. Investors looking to invest in Bitcoin should focus more on accumulating at least after a cycle then can decide wether to take partials, and re-invest but this solely depends on how aggressive he/she was accumulating. Patience and discipline in the accumulation stage, understanding the fact that holding is necessary. Having a set target is also strong base that will help push young investor to be resilient in there investment journey. |
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Trading needs not to be stressful at all if you trade at your own risk and you can manage well your emotions not to expect too much in trading. That is the secret in trading for you not to get exhausted and mentally depressed. And as much as possible, don’t rely on trading alone for you source of income. Instead, settle with a real job and make trading as your side job.
When we expect too much from trading, of course this will make us have a tiring burden on our minds. Managing emotions when trading is of course very important because if we cannot control our emotions when trading, it is of course difficult for us to be able to analyze the market. well and we will not be able to make the right decisions when trading so it is difficult for us to have good results and I agree with you not to rely on income from trading alone and make trading as a side income so that we are not too tired of analyzing the market and this will be able to maintain our health too. Not just mental health but General well-being (health), this can be improve by exercising and also eating healthy food. One thing we need to know in Trading is that our emotions appear in fear and greed of which both act on Traders, but the only solution is just acceptance and applying proper risk management. Having a side job while Trading is the best approach. This can't be overemphasized, this keeps you in a place were you aren't pissed up while you loss because you can still fund, and your emotions are intact to balance up but when you solely depend on Trading without any job and still unprofitable you over leverage, take much risk and gamble in the market. In all Resilience, Patience and Time should be incorporated in our journey. |
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Many are teachers only few are traders. They make their money from selling trading courses, teaching trading classes, creating trading contents for YouTube and other social media. They have their own trading podcasts and collaborate with people like them to talk about trading yet, they have never been successful at trading.
You'll see them on Instagram or WhatsApp posting many signals, doing adverts for their VIP exclusive signal groups. Their appearance of wealth has nothing to do with their profits from trading and trading performance but from their courses sold and YouTube ads.
You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.
I do not like these people because, to me they are scammers. I have never seen anyone who follow them that eventually became a successful trader.
I see a lot of people like that on YouTube, honestly speaking, especially on the Facebook platform, but when it comes to the actual trade, they really don't know what they are talking about; the only reason they do it is for the views, nothing else. There are many pretenders, so as investors, we really need to be smart in choosing and watching content on social media platforms. Be inquisitive at all times; after all, there are many ways for us to find out. Currently there is a lot of trading content circulating on the internet, but we have to be able to see whether what they are talking about matches the results they get and it would be better for us to be able to have knowledge about trading first before looking at the content on the internet, because for them The content creators of course have their own goals, but they don't necessarily have trading knowledge and do it themselves. With the knowledge we have, we will certainly be able to reduce the likelihood that we will follow content that is useless and detrimental to ourselves. Content creators as the name goes are for content purposes and often share less valuable knowledge and show more results which are often fake just to lure newbies especially to there mentorship or signal group to increase there income. Imagine running a mentorship programme for 1,000 persons at $200 that equating $200, 000. You can see yourself how much they generate which some can't pull from trading actually. In essence,we just need to discern or follow those that align with what we practice in our trading journey. |
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You ask yourself why don't they stop all these bs and just go back to real trading and you will immediately answer yourself that trading is hard work. It is easier to make reliable income streams from acting like a trader than actually in active trading where the market is volatile. It is easier to build a personal brand and audience in the short term than it is for achieving trading profits.
Addicted to the answer. This phenomenon has been felt to fail several times by them but the whispers continue to come haunting. The money market is indeed very tempting and quite a lot of money is charred in the market, not to mention those who play features hit by liquid. I also feel this way and it is quite hard to lose money, especially the desire to get rich quickly that is put forward. Yh. It true, some just have brand not necessarily mean they are traders, they have income from streams, courses and mentorship. Though I believe in the principle that if it is faked it can be real, so champs you keep pushing regardless and be cautious cause this Trading world is made up of people who want to show results just to please the crowd thus end up losing focus and lead to no good. |
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Trading is definitely not for everyone as trading is a matter of great skill and knowledge. Whereas with less knowledge and experience the possibility of facing losses is very high. Practically every human being has a special attraction towards money. When they hear that there is a lot of money-making potential in a medium, that the person is usually interested in working there. It is normal but to do that he needs to have a lot of patience, gain a lot of experience and come to a conclusion by analyzing the previous statistics. So when a person comes directly into trading without analyzing all this knowledge, experience and past statistics, he will not be able to come out of it with profit. So to work in trading we must come through a certain process and progress slowly.
Trading is for everyone but it is not everybody that will be a good trader. The reason is that it is not everyone that claims to like trading wants to learn trading, some of them don't want to sacrifice their time and resources to learn trading for a long time with practice, instead the want people that will give them signals to trade with. It is those that understand that trading is complex and needs a very long time to learn and have your own trading strategy that takes their time to learn trading, and most times they become good at trading. It is the time that we put into whatever that we are learning that determines the knowledge in us. Jumping into trading because you see Influncers on social media flaunting their wealth around, then you will not be patient enough to learn trading because they make trading look so simple when it is very complex. Yes it is true that everyone can come to trading or everyone has the right to trade, but it depends on the psychological nature of the person and how he will do in the trade. Those who do not have the ability to maintain psychology for a long time get angry easily and have little patience it is better not to come to trade and they will never see the face of success. And that's why I said trade is not for everyone but everyone has access to trade. True. Most persons give up or get discouraged while trying to find a way in Trading. The person with an unwavering love and discipline for trading won't give up but will keep striving admist any situation. Believing that it possible and eyes fixed on the goal. Trusting the process, overtime with patience you would be glad you did learn to trade. As you said it open to everyone but not everyone can handle or take part in. |
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What has been conveyed is true, I would like to add that where in this life we must be grateful for whatever conditions we face, thus we are fortified from all desires that are not prioritized, but if the situation is urgent of course we find a solution by borrowing or owing to other parties, but it would be nice for us to look for a loan if there is an agreement to increase the interest even though we can pay more than lent for an amount not specified at the beginning of the loan.
Protecting ourselves from things we don't need in life has become a very important thing to do because this is also part of management in living life. But if the condition is urgent enough, I think it would be much better for everyone to find their own solution without having to directly borrow or owe money to other people as long as we are still able to try to solve the problems we are facing ourselves. Because borrowing or debt is the last solution when there is no other solution for us that is more appropriate to do. Yes, that's right, it's okay to borrow money to open a business and business, don't borrow money for extravagance and waste money on useless things, rich people borrow money from business partners or colleagues to open new businesses or new businesses, with so their monthly income and profit is to cover yesterday's debt contributions, and they do that with management so it is easy and neatly arranged, management is really needed, not only for our savings, for debt there must also be management, so that it is neat and not careless.
Making a loan to open a business is of course very different from borrowing to consume it completely without turning it into any business. Because any management will be more visible when capital can be managed properly to produce more money within a certain period of time, because if you only borrow to pursue things that are not necessary. Of course, there's no need to do this because in the end you won't get anything except it will only be difficult to pay it back. Borrowing money to open our business is a bad idea, and one should be cautious, if you wanna borrow ensure the time for repayment is suitable as well as you understand that uncertainties lie in a baby business. Though, anyone with right money management will scale up and wisely use the allocated funds. |
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Price might likely break $73k this month. But for now I see $67,229 as a strong resistance level that will push price down, though the bulls are getting strong in the pump, if it breaks that zone I expect it to respect $68,928 for a drop. If it just pump then a serious fakeout, once it respect any of this zone, then a new ATH to be formed after that.
OP, I appreciate the fact that you keep making thread on Bitcoin price speculation, well done.
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Why think about investing if the finance is still unstable this will be a problem in the middle of the road and until whenever your investment will not run smoothly, but it is true that when they have earned additional income or a sufficient monthly salary then they can set aside to invest in bitcoin.
Actually one thing you should know about Bitcoin investment is that if you should wait till you get the amount of money you want in your bank account before investing you could end up not investing at all because the more you are waiting to get rich first that's actually the more expenses are compounding, although I no that you have your own decision to make but waiting to be completely financially stable could possibly take you a very long time before you can start accumulating Bitcoin. You don't have to get huge amount of money before you can start investing on Bitcoin, however is not like everyone who are into Bitcoin now have a bank stored with huge amount of money but instead they started from somewhere and before they realize they had already gotten a good amount of Bitcoin on their portfolio, so I would advised you start from little through the use of DCA strategy and with time and consistency you could be surprised with how far you will go on your investment. A far journey start with a step. So it is in investing not just investing also starting a business of your own. In as much as, one can start little the little must be maintained overtime, not exhausting and suitable to the individual. DCAing is the right approach, but the allocating amount to be used in buying weekly, quarterly or monthly should be affordable and easy to Carter for. Discard any idea of gambling with Bitcoin, just buy, accumulate and hold with a long term view. And I always lay emphasis on having a Target, this will keep you in a position of continual journey and interest in a valuable asset like Bitcoin. |
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In situations where someone mismanages other people's funds to play in gambling sites I think it's a good judgment to entrust them with the minimum amount of money possible in the future.
If they are your child, make sure they can survive, give them food, transport etc but not in cash form. Be close to them and try to guide them.
For people that are older, it might be a lost cause. Just strip them from positions of responsibility, take their responsibilities on you if they're a family member. Give them an intervention. If it keeps happening be more vigilant and pressure them even more perhaps. Make them seriously consider attending some group therapy. That's the only good approach I can consider. Making it public isn't the right approach as it can be quite ruinous for the the individual. The goal is to help them fix themselves, not to ruin them.
The help we can render is educating them on Money Management and habits, how they can make solid financial decisions solely without being shaken by emotion, pleasure, or any other factor but act when they want or how they choose to spend. Fixing, bad habits like this requires help of loved ones, but most at times some can't really open up to there family because of fear of criticism. |
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He manage to wager a whooping 825M $ in just a single year when he lose that 127M.
In his own case, at least he still manage to wager about that much and a the end then realizes that what he lose was not enough to compare to what he wager for gambling, which means, he is not expected to even feel bad about every of his decisions made concerning gambling and the amount of money involved, he is being able to afford for that kind amount, what if he couldn't, there is no how he could have raised to such amount to wager for gambling purpose if he had not been capable. Being capable is another thing, talking about your finances is another, Mate. If am to use any word it would be "second chance", given to him of which many don't have such fate. I believe he won't engage in gambling after drinking. When one is drunk, and gambling he isn't in his right sense and logically knows nothing you then over leverage on account and exceed your limit. Discipline, Moderation, risk tolerance if this is incorporated into our gambling habit this shades us from I'll fated situation like this. |
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I love the trick mate because this will prevent us from playing outside our houses or offices and with that we will be limiting our betting chances and of course losses
I gamble on mobile phone but I do not gamble when I am out of home. If a gambler is addicted to gambling and he is not having phone but having only just laptop, although not possible but just saying, you will see the gambler as an addict charging his laptop and gamble as long as he still have money in bank or coins on crypto wallet. Addiction is not about using phone or laptop to gamble, it is from within the gambler. The gambler is the real point of focus and not the device that he gamble with, this is because even though have access to Gambling sites on the go is more accessible than having to wait until you have a table and chairs before using a computer to gamble, the most important thing to note is that, gambling addictions and it activities, depends so much on the individual line of thought and his mindset.. The decision to gamble irresponsibly is r responsibility of you to stand, so for my I think gambling. Well said. As I would always say be it Desktop or phone anyone who is addicted will still gamble irresponsibly on both. Replacing phone with PC does it change, the website or block it, No. Then how does it affect the habit of someone. The Gambler is the case not your Device. |
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Martingale can be practice consistently for those with enough liquid funds assign for gambling, but for some looking to win at least have a small profit before closing for the day. I strongly suggest after you have recovered your loss or have any winning, return to the normal strategy than allowing the quest for more take you down.
Another thing is that OP was, expecting more after all the recovery he was still firing though he has learnt.
One of my rules is after recovery quit.
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Most people in Africa are struggling to own bitcoin, taking risks just to own bitcoin, because if you check the living conditions of masses, you will see the main reason why there is many adoption of bitcoin especially by their young citizens is because bitcoin is hope. Bitcoin has become the shinning light they can look up to for a brighter future and better everything around them, and improve their living conditions. People living below $50 monthly salary are still buying bitcoin and hodling for dear life.
But, I think every country/region has a limit on the minimum wage paid to workers. If only a monthly salary of $50 they get this way, this is already a game by their boss. On the other hand, if this is true, maybe that is what causes people there to be reluctant in starting BTC investment due to the limited money earned from paying their salaries after work, where they also know very well that starting to invest in BTC will be a solution that will help. If we are all to depend on our respective country economy, then there is likely occurrence of not meeting up to target with our finances because we will be limited to so many things, bitcoin has made it possible for everyone's financial independencies, this is how its been expected for us to have freedom from the use of a decentralized digital currency as bitcoin, whereby when we adopt and invest in it, we are not going to be affected by the way of the centralized economy and system of government in the financial sectors. We seem not to understand the need of the capacity of any individual before investing. I don't suggest anyone struggling financially to invest in Bitcoin, look for work or something that will generate a suitable income for you, so as to ease your quest for short term profit and also fingering your investment funds. Then you can talk about investing within your means, allocating your funds properly. So you don't exhaust yourself, as simple as it should be. |
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