Addicts rarely do admit the consequences of being addicted to something because they don't want to face it. Talking about it to someone might lead to facing the matter and they probably have tried doing so in the past and have failed, hence, the skepticism. They don't want to touch the topic at all.

Our brain has a 'reward system' which gives us dopamine rush whenever we do something rewarding such as gambling. The dopamine rush that you get from gambling is almost as intense as the dopamine rush that you get from substance (drugs). There are people who do not experience a dopamine rush over normal events unlike other people. They are more prone in becoming a gambling addict than most. Since the dopamine rush in gambling is so high, it's where they have found a way to finally get a dopamine rush. Hence, they eventually become a gambling addict.

The moments of joy doesn't really balance out the extreme lows. It's rather because of the partial reinforcement effect that makes you keep on betting. When gambling, you don't know when are you going to win but you do know that eventually you are going to win. This makes you think that losing is just a part of what it takes to win and so you continuously gamble until you finally win.

And of course eventually your brain gets used to the dopamine that gambling is giving us. This makes gambling addicts take it to a more extreme level (i.e. gambling with higher bets) just so they can feel that same dopamine rush that they get when they first started gambling.

Debt in exchange of a house, yes. Debt to start a business, kinda not.

The only people who can possibly afford to buy a house are those that came from a rich family or a business man with a good business. To the rest of us, we really have to be in debt just to have a home. What others do is that they pay the debt with their siblings, or their significant other so they can pay the debt in a shorter time.

For business, it's not really advisable unless you actually do know what you're doing. Just because you put up a business out there, doesn't mean the business is going to make money. Some earns only at the beginning, while some don't earn a decent amount until years after. If this business goes to the trash, you're going to have to pay the debt with your own money instead of paying it with a money that's generated by the business.

Gamblers know that so well. Those who are gambling with a loaned money knows well that he's gonna pay for it later on and regret it.

Gambling has been frowned upon ever since as the majority of people have seen family members ruin their lives (and sometimes even the lives of others) because of gambling. Even with good apples, responsible gamblers, this can not be atoned anymore. Gambling will always look bad unless gambling, all of a sudden, made people rich. This is never going to happen as this will be bad for casinos and gambling sites that are, at the end of the day, businesses.

The 687BTC is actually for the 37th bet, not the 36th bet as you need 37 bets in order to recover from a 36 loss streak although the formula 2^36 is correct.

To prove how much you're going to be risking just to earn a small amount of money in martingaling, let's do the whole math to this:

(since the basebet = 1 satoshi, I didn't include it in the formula. The formula should have been, 1 satoshi x 2^0, 1 satoshi x 2^1, 1 satoshi x 2^2, and so on.)

Bet Number	Formula	Amount (satoshi)
Bet 1	2^0	1
Bet 2	2^1	2
Bet 3	2^2	4
Bet 4	2^3	8
Bet 5	2^4	16
Bet 6	2^5	32
Bet 7	2^6	64
Bet 8	2^7	128
Bet 9	2^8	256
Bet 10	2^9	512
Bet 11	2^10	1024
Bet 12	2^11	2048
Bet 13	2^12	4096
Bet 14	2^13	8192
Bet 15	2^14	16384
Bet 16	2^15	32768
Bet 17	2^16	65536
Bet 18	2^17	131072
Bet 19	2^18	262144
Bet 20	2^19	524288
Bet 21	2^20	1048576
Bet 22	2^21	2097152
Bet 23	2^22	4194304
Bet 24	2^23	8388608
Bet 25	2^24	16777216
Bet 26	2^25	33554432
Bet 27	2^26	67108864
Bet 28	2^27	134217728
Bet 29	2^28	268435456
Bet 30	2^29	536870912
Bet 31	2^30	1073741824
Bet 32	2^31	2147483648
Bet 33	2^32	4294967296
Bet 34	2^33	8589934592
Bet 35	2^34	17179869184
Bet 36	2^35	34359738368
Bet 37	2^36	68719476736

The total is exactly 137,438,953,471 satoshis (~1,374.39BTC) to recover from 36 loss streak. As I'm typing this, the value of that is $9,438,000. It seems like you can do a lot more with that amount of money and someone who's in possession of that amount of money can surely afford a private mentor or tutor which can teach him where to use the money either invest in business or simply becoming a better spender so he doesn't lose that amount of money over purchases that aren't so practical.

As you can see, we came up with these huge numbers because the growth in your bet in martingale method is exponential. At first, it doesn't seem much. But as the losing streak is increasing, your bet just to earn back your losses and that additional 1 satoshi "profit" is becoming more and more ridiculous. Gambling sites are known to have tremendous number for losing streaks in x2 multiplier and it's the reason why martingale never really worked in the long run.

To put an end to your desire of using the technique martingale, think about this. 50k sats per day is 0.0005BTC per day which is $3.43. Is $9,438,000 worth risking for $3.43 a day? And since the people who wants to gamble with a "mathematical formula" likes to treat gambling as a business, you're obviously a bad business man.

Why deposit and then withdraw just to check if they are a scam, though? Research the gambling site that you're about to play to. Look up reddit threads about them. Look up bitcointalk threads of them. I suggest that you guys only gamble in the most trusted gambling sites. Be aware of the date the articles you're reading have been posting. Look for the most recent ones. It may be advisable to gamble in sites that have an ongoing signature campaign in our forum. That way, when you encounter any problems, you can easily reach out to them and they will try to fix it ASAP as they don't want to ruin their reputation in this place.

To the guy about to switch to using Hostgames, I don't really recommend doing so only because it's new. Gambling is gambling and it doesn't really matter which platform you bet on. What matters is the service that they are offering you so you're better off betting on old platforms that have good reputation. And looking at their website, they don't seem to be ready. At the bottom, you can see that their Whitepaper is "Coming soon". It says a lot about them since they don't have something that even scam ICOs have, a complete and well-written whitepaper.

Payment for last week has been received. Always on time! Thanks!

I wouldn't say "uneducated" since how come they have the money to invest then? Investors obviously have jobs and they have a background in investing that's why they are investing in crypto as well. I'm talking about those who meetup with the ICO team and talk about it so they can make sure and not those people who attend seminars for specific coins, and be convinced by the sugar-coated arguments of the team as to why the coin will be successful.

Do investors really have to understand what they are investing in? They simply have to have a background what it is, they are not going to go down to all of the details but only the important ones. They try to make the most money in the least amount of time so when they see a good investment, they invest, get out at the right time, and invest on another thing. They don't care if in the long run they could have made more because they know that moving to a different investment will give them the most profit for the time being.

You might believe that crypto or bitcoin is very precious and one shouldn't cash out right away as the price will skyrocket in the future, but for investors, it's just another good investment.

I just can't imagine how would I be in such scenario where someone is holding a 5$ wrench, and threatening to kill me if I don't give them my keys. It's pretty much the same as when someone's pointing a knife at you so you'd give them your money. When you're holding a large amount of crypto, you have to be very lowkey about it and very secure as well.

If you have money, be silent about it. If you have a lot of money, be absolutely silent about it. The world doesn't have to know about your wealth. The number of people knowing how much money you currently have doesn't increase your bank balance.

Now that you have a large amount of crypto, you might as well want to move in a different neighborhood where you're sure that people aren't psychopaths, thieves, etc. But if you're the only one who knows that you indeed have a lot of money, the best idea is to not move out. Stay where you are living before because if you move out people will ask where did you get the money.

On that note, here's a good meme for the $5 wrench attack from Steemit, a post by @jamesjones: Protect Yourself Against $5 Wrench Attacks

That should mean that all of the countries that are accepting bitcoin have the whole nation using bitcoins. But, in a lot of countries, it's legal to use bitcoin for payments but we don't see people using bitcoin that much. I live in such a country and only a few are using bitcoins. A lot of people do know it, a lot of people have heard of it, but not a lot are actively using it. Some think that it's an Internet scam.

Using your logic again, dollars is an example of such currency that you are talking about. Each country have their own currency. It's their way to protect themselves, in a way. Supposed that one currency is indeed being used by the whole world. There will be an unequal distribution of wealth. There will be rich people manipulating the whole thing as they are one of those people who have the most coins.

Just think about this, each country have their own different culture, tradition, beliefs, language, and most importantly, government. Why should we have the same currency?

A computer is always connected to the Internet and is used for sharing data as well, doesn't make it not suitable for crypto.

And they are essentially the same thing too. It's just a matter of hyping their products. It's not just Samsung in specific where we can apply the explanation.

It honestly is not about what device that you have. Others believe that Apple can never have a virus since you can't download just any file from the Web using that phone. Does anyone really know someone who got their Smartphone hacked? I have friends who click every Ads and pop-up prompts but they never got their phone hacked. In a computer, these people have tons of virus what does those virus do? The most troublesome I encountered was a virus that auto-downloads and installs apps without your knowledge. Other than that? Nope.

It's all about the gullibility/negligence of people. And that's where we should focus on. People sometimes mistakingly uploads their private key instead of their bitcoin address. There are also some who uploads their private keys on their facebook messenger. They send a message to themselves. Once their facebook account is hacked, so is their bitcoin addresses. Was that caused by which Smartphone were you using? No. We have to focus on educating people so we don't get tons of virus in our computers (not because they take our bitcoins away but because they are annoying) and how to avoid being taken advantage of by someone from the Internet.

I live in a very religious country. Almost everyone is catholic. Those that aren't mostly are foreigners or have foreigner parents. Other than that, everyone's catholic because we were influenced by the Spaniards. The Spaniards conquered our land before and they introduced Catholicism to us. And as you might know already, people go to the Church every Sunday. Yet, some of them came from the casino the night before. Gambling is totally legal in my country. There are places for cockfighting, which a lot of people are addicted to. There are casinos as well. All of them are legal. The only thing that's being prohibited is gambling in public. Gambling has to be done in your house or inside whatever building. It shouldn't be done out in the open.

I suggest reading the following articles to help yourself out:
*10 countries where gambling is completely illegal
*Gambling laws by country

And regarding your speculation about religious countries being the number one to ban gambling, I think you should reevaluate the power of religion again. It can be written out there plain-and-simple that gambling is a sin, but the government will not just make it illegal because of that. The government needs to collect tax and gambling casinos are the one of the biggest taxpayers.

Don't you think that it's more shameful, stupid even, to say that you are shy when you're meeting the people you know, but then you can be found in a casino? You are shy to talk to the people you know, let alone strangers, but you are out there gambling like an extrovert.

Shyness can be overcome by reading self-help books and by practicing it through socializing with other people. How do you fix your shyness by just clicking a button in front of your computer? You can't. How do you fix your shyness by sitting in front of table surrounded by strangers? You don't. I think it's just one of the ways people are justifying their gambling problems. "Oh I'm gambling so I can be more outgoing." You can easily send a friend a text message on a weekend and ask them out for breakfast. If you had the time, you can easily meetup three friends in one day. One for breakfast, one for lunch, and one for dinner.

But before you try to overcome shyness by socializing, it's crucial that you learn more about yourself and what makes you feel shy. Is it because of a scar on your face, a pimple, or simply low self-esteem? Reading is a must as well as practice.

I, myself, used to be so shy as a little kid. Growing up, I've always been so shy as well. But my last year on highschool, I grouped to the people that are always outgoing. They always go outing together. They go to the beach, eat out, etc. What I did was I purposely placed myself near those people. As time went by, I became a part of the group. I was still shy at first, but after going out multiple times, I overcome it. I got into college, placed myself near the people who seemed confident which I based on how they present a PowerPoint presentation. And just like that, I got confident as well. Was gambling involved at all? Nope.

I sort of disagree with these. None of these are guaranteed at all and you have very little chances of having success on these "Good effects" of gambling.

1. You CAN make money easily but the possibility is almost zero. Since people always stay as long as they can gambling, they always lose. The only time that they end their gambling is by the time they have reached zero balance and they come back tomorrow to do the same thing.

2. Does it really? I used to be a gambler and it gave me nothing but brain fog and a momentarily dopamine rush whenever I win. After that? It's months of regretting that I even gambled my bitcoins. Those coins could have been worth thousands of dollars now.

3. The thing with gambling sites and casinos is that you start to have gambling buddies and you keep on coming back to the casino just to socialize with them. But "friends" of that type can easily be lost because there is nothing bonding you guys together but your shared addiction in gambling. Once you stop gambling, your friendship also stops unless you guy decided to try and befriend each other outside of the casino. But how often does that actually happen?

4. Uhm, no.

A team can be active but the project can still fail. It's not like all roadmaps will be followed and it's not like all milestones will be reached. Sometimes the idea isn't just good enough or the idea is too early to be implemented. That's why the project fails. The lack of community support as well. The coins come from this place, they start a signature campaign, and sure there's a good community. But after we have dumped the coin, we just check the price of it in trading sites to see if we have made the right decision to sell at that price or if we should have waited enough. News about the project, though? We never check that. At least I don't when I'm not holding any of the coins any longer.

You should have used your precious time doing precious thing, boo. You don't just participate in some campaign and when it turned out as a scam, you want to feel bad. You could have prevented that from happening by taking the time to read their ANN & Whitepaper, their website, etc. Sometimes just checking out scam accusations and you'd see threads saying that the team is fake. You have to check out everything about them before joining so you don't end up getting scammed and wasting your precious time.

I don't think that tragic things have to happen to you before you can learn. I, myself, have never been scammed or hacked, but it was because before I take a step forward, I make sure that I know enough. Enough to make myself safe. On the other hand, some people think that they need a "wakeup call". I don't believe that only because feeling bad isn't a prerequisite in learning something although it can be what could push you to learn. It's worth taking note that not everyone who got scammed or hacked will learn their lesson.

It will only be worth it if you are able to get a good job in the cryptoworld that pays well such as managing a campaign in here, or becoming a moderator in a forum, a gambling site, or in a trading site. I'm aware that we all have friends who are making good money from crypto but it was because they fit in here.

Not everyone is tech savvy but everyone can surely learn how to earn money by earning cryptocurrencies. The thing that you have to consider is how quick are you going to learn. I know a couple of bitcoin users who still doesn't have an offline wallet up to now only because they do not understand how to make a wallet in Electrum so they had to keep on using an online wallet. Even with numerous articles and videos, some took so long to actually get it and why an offline wallet is what you should have to store your bitcoins.

Now, you don't get to earn in crypto right away. It will take you days to even get how the forum works (unless you have a background, of course, that's why tech savvy people are in advantage here). It will take you weeks to understand the ecosystem of the crypto world. And it will probably take you months to start earning. The question is, can you go on for months with zero income? Most people can't. That's why they can't just drop their job and start doing crypto. What they usually do is learn crypto and once it's paying well enough, they finally resign from their day job.

Not necessarily. One way to gain more profits is to lose momentarily. How can this happen? Suppose that the price of bitcoin is decreasing. When the decrease is happening, sell your coins so you will have a fiat. At the time that the price is less than the price you sold your coins, depending on how less you want it to be, buy some bitcoins. This way, you will end up having more bitcoins than you used to have. Once to price of bitcoin goes back up, you will gain more profit than someone who only did nothing but hold the bitcoins and not took advantage of the downtrend. But of course there's risk in this as there's every possibility that you will be selling your bitcoins at the lowest price possible and you ended up not being able to buy back at a lower price.

And if it doesn't come back to the old price? The thing with holding bitcoin is that it's actually a luxury which most people do not understand. When you invest in bitcoin, you should be prepared to hold that coin for a really long time. If you're going to check the market everyday and you are impatient, this is simply not for you. It is also not for people who are prone to needing more fiat money. Bitcoin's price can be low for a couple of months, years even. The exit of most bitcoin holders is the time that they needed the money. You get the point. You need to have a lot of reserved fiat money that you wouldn't have to touch your bitcoin holding for a really long time because otherwise then you might end up selling at a low price.

Basically invest only the amount of money you don't care not seeing for years.

Have you had the time to read any of the given articles, you could have been able to answer your own questions.

Not only Facebook but the ban of cryptocurrencies advertising in Twitter, and Google as well has made the price of bitcoin go down.

This is exactly why there was a ban in cryptocurrency for advertising. It was to prevent people from getting scammed by these ICOs since most of them are a scam anyway. But when the ban was lifted, ICOs are still banned. Advertisements regarding cryptocurrencies have become allowed but the advertisements that encourages you to buy or invest in a specific cryptocurrency (basically all ICOs) and get-rich-quick schemes are still not allowed.

Who doesn't want more money from cryptocurrency people? In the article it was mentioned that Mark Zuckerberg wanted to "study cryptocurrencies further". Cryptocurrency in general aren't a scam anyway, it's just the ICOs that makes people lose money.

The sad thing about the new coins that "will change the way we *insert whatever adjective such as think or live*" is that they are nothing but pump and dump coins. What happens is that the people who were able to buy the coin at a really low price, they create a hype by talking about the coin a lot and how good is it. Desperate ones even spam the chatbox in trading sites just to get attention. Some were able to accumulate enough funds and was able to conduct seminars about the coin in different places, making people who knows nothing about the coin or cryptocurrency in general buy the coin.

It's one of the reasons why people think that cryptocurrencies all-in-all are scams, since they have witnessed such scenario wherein a seminar a new coin or project was introduced and they were promised that it will yield profits in the future but barely did (while the speakers know well that it's not since they are going to dump it), but that's beside the point. Best case scenario for these investors is that some of them will be able to sell at higher price while some don't. This way, the rest will just be thinking that they were too late to sell and it was their fault. Once they have created enough hype and they can finally see an amount of buy orders significant enough for them, they will now dump the millions or hundreds of thousands of coins that they are holding and then move on to a different coin. Sad to see but that's the nature of new coins.

What's funny is that new coins are coming so frequently that some coins don't even get volume anymore. They get listed to a trading site but since there are so many coins to choose from, some don't get any buyers at all. Hence, those who have bought during ICO, or even pre-ICO to get the best prices, will never be able to profit from the coin as the coin never even touches the ICO price in trading sites.

But the question will be "Will that ever happen?" One currency ruling the world will have its disadvantages.

One, some countries already have a lot of bitcoins users or some countries have big bitcoin users while there are countries that don't have much bitcoin users. Basically some people already have tons of this currency while some have very little or none at all. This is an abnormal distribution of wealth. A regular country might suddenly become a dominant country only because they were the first to adopt bitcoin and the nation was able to accumulate the most bitcoins. And one country might start failing just because they were late to the bitcoin party.

Two, there's the digital divide problem. Some countries simply don't have a decent Internet connection. You might be living in a country or in a city where you can get a signal reception everywhere. But there are places in this world that's not uncivilized but the Internet service providers are just so shitty. This limits us from doing transaction. Some people also do not know how to use the computer. Some don't even have a Smartphone. Digital divide has to be solved first before bitcoin can stop depending on fiat currency. Otherwise, fiat will always be there and will always be dominant in some places of the world.

The best case scenario will be that bitcoin and fiat are coexisting and will stay the same until digital divide is solved.

With the wrong address format, the funds will not be "refunded" to you in any way since the "Send" button will not even function. Your bitcoins will not be moved as there were no transaction that has taken place in the first place.
The only "error" that you should be getting is none other than "Invalid address format." or "Insufficient funds." Both errors will not make you lose your bitcoins as the transaction will not come through. Once there's a valid address, sufficient amount of bitcoins to cover the transaction, then the bitcoin will be sent to the address. Sometimes it takes more time than the usual. There are traffics in bitcoin transaction as well but it's appearing a lot less than before even with small fees.
Obviously not when the transaction is done with physical money. In order for refund to take place in that, you have to convince the seller that you are reasonable to receive a refund. Otherwise, you can't just get refunded in buying things. On the other hand, in another part of the digital currency world, Paypal (the company), you can issue a dispute there. The thing with the dispute function is that it's abused by scammers and they have 180 days to dispute a transaction. A surefire way for them to get their money back is to claim that they got hacked and they didn't authorize the transaction.

I wonder what would be of bitcoin if we had that function. Would it be the same? I think the crypto world will be filled by scammers, just like the world of Paypal, and there will come a cryptocurrency that will overthrow bitcoin's from its throne simply because it has no dispute function. Dispute function is simply a flaw that people can easily abuse.

There are actually multiple possible reasons:
1. He's mining using the wrong device. Some people wants to try bitcoin mining and start using their PC or their laptop right off the bat without computing how much money they will be making from it and would it be more than what they are paying for the electricity bills, internet bills, and if it's really worth over-stressing your computer. Your computer should be made specifically for mining and not just a regular computer in order for it to be economical unless the electricity is cheap in your country.
2. Electricity is NOT cheap in your place. Honestly these days is electricity even cheap anywhere? Almost everywhere it's expensive and if you are dead serious with mining and it's okay for you to move to a foreign country (where electricity is cheap) to mine bitcoins, then go ahead. It's possible that you have a good setup for a mining rig but still lose money because the electricity is just so expensive.
3. Bitcoin's price went down when he was just about to pay for the bills. Self-explanatory.
4. You don't have a decent enough mining rig. The truth about mining is that people can't just mine and then be able to earn some bitcoins. I mean, we can do that. But it will not be practical since you will be earning less than the money you're spending. With the rise of more people mining bitcoins, it will require more and more computing power to have more earnings than your expenses.

---

I suggest that you guys check out this article from Forbes regarding the energy consumption of bitcoin mining: https://www.forbes.com/sites/christopherhelman/2018/01/16/bitcoin-mining-uses-as-much-power-as-ireland-and-why-thats-not-a-problem/#35ff15824589