And I guess there it is the difference between the gambling addict and the profitable gambler. The profitable one sets limitations for their maximum losses and their limit wins. They understood the game in a way that they accept that not everyday is a winning day. It is not trying your own luck but CREATING your own LUCK. And when you have those days, you push it, you bet more. When there are days that your predictions are likely to be wrong, then the main focus is to preserve the capital.
Well, there is a marked difference between the two so we can choose which one we prefer. But many people will want to be a profitable gambler but it's not easy because they don't know when their luck will come. But how can we create our own luck when we cannot always win at gambling and we have also seen many people who have experienced loss. It's better for us not to force ourselves to create luck because luck only comes to the right person and at the right time. I think it's pretty obvious that all we choose to be a profitable gambler over the addicted gambler. Many are successful with it but they never expected that winning in gambling can turn them into addicts because they are greedy to earn some more. As a result, the money that they win will just lose and they will also lose their personal money and everything (jewelries, appliances, house, friends and families). This is the reason why never wants to become an addicted gambler. So before we dream of being a profitable gambler, we should think about the consequences first. Some just prevent being a gambler because like they say, prevention is better than cure. There are only a few gamblers that are really profitable in their journey as gamblers, but all of them once they win big, they invest it in business for sure so that they still have another source of income because if they keep winnings, then for sure the casino where they are gambling would file bankruptcy. Again, Gambling is a business, which is why a lot of us lose from it as it is made for fun and not for profit. You may win today, but for sure, tomorrow you'll lose more. |
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I think this is a very good aspect. We should not invest 100% of our money in any one coin. Since we believe more in Bitcoin, we should invest more money in Bitcoin and invest the remaining money in various ALT coins to create a better chance of profit.
that's pretty good, maybe the practice like you said is done more by others. but in some cases, people's trust will only focus on Bitcoin. and that keeps them from putting their money on any altcoin. I am also interested in altcoins, but only for trading. if you want to hold altcoins, maybe not for long either. especially for new altcoins that go up in a short time. too risky even if we have little money to put on them. It is not just that they trusted bitcoin, but also that it takes a lot of effort to find good altcoins, right? I mean, if the newbie wants to invest in bitcoin because he knows it well and has followed mostly news and some predictions of it, unlike in altcoin, he needs to start again in finding good altcoins and then follow its news and its future predictions. It is too much for the newbie, unlike in bitcoin, where they have already established it. That is why it is better to invest first in one coin before investing in others, like ALTcoins. |
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It is not easy at all to stop gambling. I don't speak for myself, but there have been plenty of people who have tried to quit gambling and failed. And that is often accompanied by large losses on the bank roll. I think it's very difficult on your own. Cold Turkey seems to me to be the only and best way, because phasing out is a very expensive process and the decay remains present that way. Rehab could also help, but the risk of relapse is high.
If you went to rehab to treat your addiction, only a few percent of you will get back into gambling unless you are not fully healed during your rehab because that is where you don't gamble for a few months or years and they are going to give you medications as well as you will create your own hobby so that you will get rid of your addiction, but again, it isn't 100% that you've cured because there are still instances where others came back to addiction, but there are only a few of them. But again, this is the same with other addictions like alcohol, cigarettes, etc., for which you need to build your own hobby, like keeping yourself busy with other things like basketball, so that you can forget it. |
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Government is very skeptical to bitcoin so for sure it is still a long way ahead for bitcoin if it really replaces the fiat but one thing that I've sure in the future is that it would be cashless future on which paper money or coins are not existing as we are just paying possible using a phone, QR code or somewhat using a card which it is almost the same with bitcoin. As of the moment, it is still difficult to implement the payment system as a ton of governments don't like it and have even banned it.
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The cost of living shouldn't kill the living please. The living should find a way to rise above the cost of living. The living should grow their own vegetables and rear theor own animals if need be. The living should find a smart way to reduce their cost. With reality now, the living shouldn't be competing for the latest car, clothes, electronic gadget. The living shouldn't take out a loan at this time. Bitcoin freedom for the living.
This is really the hard truth right now because of the keeps rising price, and even others can't grow their own crops because they don't have empty land on their house, mostly if you live in an apartment, condo, or metro, where land is almost not visible. There are solutions to this, like vertical farming, but again, you need to set it up, unlike when you just have a back yard and can just dig and plant some crops. |
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Money is considered to be the most valuable thing in the world. He who has more money in the world is more successful as a person. Now people are considered by means of money. Whatever work we all do, there is a center behind it, and that center is money. Some people work hard and earn less money while others work less and earn more money. There are different ways of making money that people make money according to the way they excel. That is why money rules the world because with money you can achieve anything. And a country is considered as a developed country by economic calculation.
Without money you will struggle to survive you are right anything we do is really about money because we know right now that you cant eat without money unless you are living in remote area that is just growing crop on what you will it but again there are only few of those people as they needed money to buy food so right now it is almost everything you needed money to survive in this world |
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Using a demo trading account gives us an edge while we are starting to trade, but we know once we enter the real trading market, everything should be learned all by yourself. And the more real experiences you gain, the more likely you will win your trades. And with this, I think demo account will not be sufficient enough. One should learn how to trade in its real scenario, otherwise you will never experience controlling your emotions at all when trading.
Demo doesn't actually feed us with our expectations on live accounts. That's the main deal, we faces the market with our own money and miminize the lotsize that's convenient for our trades, which will either end on profits or losses. Experience they say is the best teacher, we adapt to live trading only when we mastered how to control our emotions and balance on the market. Trading with the demo accounts grants us self confidence specifically when we triggered TP on our trading positions, but basically demo helped the newbies become more acquainted with trading systems. Demo is really good in backtesting your strategy, and you really have a point on the experience or how we feel when using real money, but again, this is up to the people if they want to risk, as others still don't want to risk their real money. They want to have established their strategy and wait to see if it is profitable. This is called playing safe, which they learn in this kind of method, but to others they tend to learn from experience and losses. That is why if what ever works on you, then you go for it, as we have different ways to learn. |
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No matter if Satoshi is he/she or a group of people, that person or group is really the father of Bitcoin, meaning we can still wish Satoshi a happy Father's Day as he did everything just to create Bitcoin, and without him, Bitcoin is not in the world. So no matter if we really don't know the true identity of Satoshi, it is still really significant to tell him about it.
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I do agree that Social Media platforms are now looking for more businesses then having more users socializing. Now when you log in to your Social Media, and as you scroll down on your feed you see all kinds of ads and video ads based on posts or videos that you like.
You can also go to Facebook’s marketplace a section within the application where people can sell goods or services. Almost like a directory for Facebook users to explore locally the services and goods they have available around their surrounding area.
That is really the point; they are more focused now on creating profits than having a better user experience, like before when the social media UI was very old but there were no ads and you could really see the true video contents and not those videos that had been bombarded by ads. Well, social media is really made now to create profit, so we can't blame it. Let's just continue to use it and try not to mind those ads. |
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Yes, having a side job or business does improve your financial stability. You are bringing in additional money that you would not have if you did not have a side job or business.
The good thing about having a side job or business is that having a supplemental income allows you to be financially ahead with your bills, rent, or other expenses.
This is why I like having my side job or business because I can generate an additional income in my free time.
Find different ways to make additional money and not be comfortable with your full-time job. Get ahead and get a side job to further achieve your financial goals.
Do anything that makes money apart from the steady job we have, because it will make us more prepared when we might think about starting our own business and getting out of the job we currently have. Most people just sit in their comfort zone, so they are satisfied with just one income, even though the free time they have is enough to do side jobs that will bring financial benefits. Moreover, now is the era when we can see business opportunities from anywhere, including from our own hands. I mean the cellphone that we have can really generate income with an online business or something like that, that is one of the real opportunities in our hands, yes, although it might take time for something we build to produce what we want. Though there are still people content with where they are, like they are receiving enough money on their job and their free time, they will tend to relax and rest, unlike us, who are aiming higher as our salary is not enough. That is also the reason for others, even if they are working two jobs and have a side hustle just to cope with their needs. You are right, you can build a business through the phone, but that means that you can build a physical business, and for the marketing, it would be on the phone for social media. |
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There still appears to be a lot of interest from players who see something in this way of making money. Let's face it, passively earning $100 every day for the rest of your life is a very good salary so to speak. But I think it's only a matter of time before it goes wrong, it can go well for a long time, a long time even. You could only win 100 days in a row and then lose 3 days in a row. And then you will lose all your profit from 100 days of hard work.
That is really the risk in gambling, which is why making it a source of income for our needs is not a good idea. Also, you can't win every day like you have guaranteed winnings since it is not like your typical 8-to-5 job. Gambling was really business, and it was made to entertain gamblers. There are really days you will win, but it is not always. That is why you should always gamble just for fun, nothing more. |
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Yes is good to save money because it helps when you are in need, it is very important for people to learn the habit of saving because saving is very important you don't have to spend everything you earn save more than you spend, no person prays for anything bad to happen but a life without savings is risky and dangerous.
Very well said, apart from saving, we should also learn how to diversify our investments so that we can invest more rather than sticking with a single investment because what we have right now is just a temporary and not a permanent thing where we can enjoy and depend on for the rest of our lives. And just like what is mentioned/quoted above, nobody prays for a tough situation but having some investments as well as savings will literally make your life more ease even in tough times. It is another form of source of income that can really change your life. As others have said, no one gets rich working in offices unless you have a high salary there, but to us, we won't get rich because we need to invest in something. No matter how hard and rough you are going through, at the end of the road it will be fruitful. That is why right now people are really saving because they want to invest and take a risk on something as that is their chance to get rich. |
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only very few AI startups that actually have good use case and most of them instantly dominate.
moreover the fact that there are many AI programs that was published for free and open source are definitely gonna make these ai startups seems worthless honestly.
one of the example is like those ai program used to imitate songs with different voice which I found pretty fascinating.
many of them are just reinventing the wheel, basically presenting the same AI but they try to compete with each other.
The problem with this in the next 3 years is that there are big companies that will take over or try to purchase this kind of company. The point is that when big companies start to invest, then those small-scale AI companies could just vanish in no time as those big companies are buying those start-ups. Also, AI is very fast evolving; maybe the cost of maintaining it now is too low, but in the next 3 years it will be at least 10 times or more just to cope with the computing process and its algorithm as it is already broad at that time for sure. |
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It is the same as how you stay away from those new start-up banks; it should be applied to exchanges,as others tend to buy in exchanges, hold them for a few years, and then go bankrupt again after a few years. I just remembered before that I don't see any exchanges go bankrupt or close except those actual scam exchanges, but those big names before are that there are no cases, but again they are now getting down and filling bankruptcies. This really also involves the inflation that is that we mostly holders should not hold into exchanges as for sure all of our effort on buying those bitcoins will go to nothing.
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In summary when you have everything you need to survive and you don't need money, are you poor?
People may have different ideas about what poverty means, but in my opinion, it is not being able to afford to meet your basic needs, such as food, clothing, and other necessities. Lack of resources to address basic issues As a result, I consider it to be poverty if someone can provide three meals per day and clothing, but lacks the funds to handle potential problems. I don't believe the poverty rate in many countries will be high if poverty is merely defined as the inability to give three meals per day and clothing, as many people are always able to accomplish. Also, people will tend to say that you are not in poverty if you have a house and car, which is part of the middle class, but what the government really says is that as long as you have a job and can eat three times a day, you are not in poverty because you have a house, a source of income, and still can eat well, unless someone skips those meals. Also, it is just a matter of mindset for people, because others will say they are struggling or in poverty even though they have a good job and can still eat well; they are just in debt. |
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It is really a natural instinct that we are going to be offended if we've been told of it, but before that, we should always think if it is true, like if they called you this because you spend too much money at the casino, you've put a lot of time there, or almost every day you are playing, because they have a reason why they told you this, and for me, it is kind of helpful for someone to notice my behavior, and that is the time that we need to seek help from others, as we know that we are already addicted to something; we just thought it was for fun.
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You seemed very positive about Bitcoin, but I do say that you need to be prepared for what will happen on Bitcoin first. It isn't guaranteed that you will earn profit overtime as others are thinking because they tend to always think that if they invest in Bitcoin, they will earn profit immediately, but that is not true. You need to go through some rough things before achieving the profit.
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Not only with investment but with any field or job, if you want to have money, the first thing you need to have is knowledge. I have not seen anyone without knowledge who can make money unless you inherit property from your family.
I oppose your statement entirely, knowledge is never wasted. If you have knowledge but don't make money, it's your fault, you are incompetent and can't use your ability to make money. Look at yourself, don't blame education or knowledge when you don't make money.
If you are too smart to learn that knowledge, for sure you know how to earn money, but that doesn't mean that you have knowledge; that is where it ends. You need to pursue more and learn more. Others will say that knowledge is required before earning. Knowledge is always power, which is why others earn from their knowledge and need to learn more.There are also times we need to sacrifice things before we can achieve things, which is why we need to be thankful. |
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My question is can it still be called gambling if it is not played with money?
I won't regard this as gambling because no money is staked. There is completely nothing to lose if the prediction goes wrong so I will just call it a luck trial. Gambling to me involves staking something with the hope that our predictions will give us access to more funds. But as long as nothing is staked and there is nothing to lose and little or no emotion will get involved it is just a way to try out how lucky you can be. But it doesn't mean that if the money is not on the line it will not be gambling, as long as there is on the line like having some sort of chores it is still gambling because as long you have something on bet it is still betting. It is really boring if you are just watching the game without any bets because you couldn't earn if your supporting teams losses.You are right no emotions is involved and it is just some sort of friendly games |
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Mate, this isn't just a problem in your country; it's also a problem in mine. Prices are just going up every day, making it impossible to buy something today and expect to pay the same price tomorrow. I've come to the realization that as we get older in this world, the problems only get worse. You can't compare young to adulthood at this point, when the economy is always in bad shape with high prices for goods, but that shouldn't matter much. Keep up the good work. God will undoubtedly provide for us.
I hope too, but as of the moment, what we can do is find another source of income so that we can cope with this inflation because if we don't, we will still keep struggling in this world. That is why others are sacrificing their time and sleep so that they can cater to another job because right now one job is not enough unless you have a ton of salary. That is why others find side hustles to cope with the prices. |
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