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1041  Other / Off-topic / Re: The real winning of gambling is withdrawals on: June 24, 2024, 05:54:34 AM
It is not always the case that people play just to win. Sometimes it happens that people have lost a lot of money and they keep losing more money thinking that they might win and cover their losses. It just doesn't happen, it's not something you can do and recover 100 percent of your losses. If you are very lucky, you can get back half of the entire amount you have lost, but that doesn't happen all the time, especially in online gambling, where if you lose $100, you might win $50 back. And when you are winning your money back, the temptation makes you think you are winning now and in that temptation, you lose it all back.

And that's right, slowly you get stuck in gambling and get addicted to gambling, then there is a desire that you will recover your losses and there is also a desire that maybe I am lucky, I will win. So my advice is to avoid gambling as much as possible instead of losing your life savings in gambling you can do something good from where you can surely get a lot of money.
Thinking that they can win and cover all the losses that have occurred or losses that have already occurred is what motivates them to continue gambling without stopping. Not only can you get half, if you are lucky you can get the same or maybe even more. but of course that's even if you're lucky, in reality many gamblers who are in such a condition still don't get the winnings they want, besides that, when they get half of it, they won't necessarily cash it out, because they don't think it's enough, so they might continue gambling again. get the results you want.
It is indeed better to avoid gambling, but you also need to know that gambling is not completely bad because it depends on us how we gamble, if indeed we gamble brutally and blindly continue betting without thinking and caring about the risks, that is what is wrong, but with We gamble for fun by risking a certain amount of money and receiving the results, whether we lose or win.
There is no shame in quitting gambling if you know it doesn't suit you, I wish many who are being affected by it could have taken such a heroic step, it wouldn't have turned for them the way it did. Gambling is just like trading, it is open for everybody but it is not for everybody by nature, and the technicality of that is that we have individual personalities, emotional control and many other individuality traits and characteristics that will always come into play no matter what. These are enough for us to conclude rightly whether or not gambling is good for us.

As for the withdrawal, I am certain that there is a general approach to this, so no one does it better. The person who gambles today and wins and immediately withdraws his money may still lose more later after if he gambles, while the person who did not withdraw his money continues to accumulate the profits without issues, or vice versa. So there are no certain decisions here, still, we should work around our person and the situation on the ground as concluding factors so that we act rightly and not emotionally or do copycats of a thing believing it is the right thing to do in all situations.
1042  Economy / Gambling discussion / Re: Where are you hyper focus, online casinos or physical casinos on: June 23, 2024, 12:16:04 PM
Going to a casino is a big problem for many and there are many gamblers who don't have a physical casino in their local area, I think most gamblers are now more interested in online casinos. If you have a smartphone in your hand, you can easily join the online casino and play gambling. Online casinos are a very popular site especially for those who want to gamble in privacy. When it comes to online casinos, users must make sure that they are gambling at the right casino. Because there are many casinos that don't want to return users' money properly or embezzle users' money, always beware of such casino sites.
Well, this is not about stating the benefits of the two casino types but stating where it takes more of your time and concentration. And I know it does in the two, and the reason is that we can't just fold our arms and let our money be wasted, so there is a need to be focused when we are placing the bets. But of course, one will have it more, so if one should think it through even if such a person has not experienced it before, having playing fun and betting in physical casinos has it.

You might want to create much time for it before stepping there unless it is the regular ones that are not big and entertaining to the point of accommodating their customers in hospitable ways. In all senses though, that definition is not what the OP mean, but the one that stands true to the lan-based name where you can do virtually everything there and have your fun as extra to the fullest. If that is the case, then the physical casino will always have it in this category.
1043  Economy / Gambling discussion / Re: He Used Our Wedding Savings to Play Bet on: June 23, 2024, 11:55:17 AM
 Hi guys and ladies, here comes a very sad and heart-breaking story (true life confession) of a young lady who was contributing money (saving money) together with her husband-to-be (fiancée) in preparation for their wedding. The story in quote ..
-snip-
what could be more heart breaking than this?
This can be heartbreaking indeed but the intention of the guy was not bad, nonetheless, he was so foolish to have thought that gambling under desperation is a way to go by. He should have learned from the past victims before adding himself to the league of the victim. Well, I feel for the two of them, not the lady alone, especially if the guy is a good person. We make mistakes as humans, and I must say that I did a similar thing during my wedding preparation, but mine was a good story, God saved me.

The money wasn't gambled though, but was nevertheless risked. I invested the total sum in trading and I can remember vividly that I traded Crude oil and Index markets with it and I was able to generate at least 5 times the money invested. This helped me so much and saved me from financial disgrace. You can see that I know the desperation of the guy but instead of gambling with it, he could have either invested or just "cut their clothes according to their clothes." An elaborate wedding is not by force, it's the ladies that take it extended.

As it is, it will take time before the guy gains back the trust, and surely, the wedding will have to be postponed, unless they still have enough time. This is sad!
1044  Economy / Gambling discussion / Re: Do you believe in gambling experts predictions? on: June 23, 2024, 11:34:50 AM
Experts don't have any advanced knowledge about gambling more than naive players. In terms of gambling results, nobody is an expert. One can become an expert when it comes to self control, money and time management, but convincing people to accept your predictions as the best and guarantees winning, is a false hope. Harnessing information on the way a team prepared for a match is vital, yet it doesn't make any much changes in determining who wins or losses the game.

The term "gambling expert" is just a name used in attracting naive players seeking for a fast means of doubling their money. If they can't achieve it themselves, an expert could be of help, they'll think. That's why most people who refer themselves as gambling experts will always get to find people who would pay them to predict games on their behalf.
That is both true and wrong at the same time. They have "more" information than some naive gambler, but just because they have more information that doesn't make them better, that part is the important part.

Many people think that if you study everything a lot better, than you are going to be better, but you could know the birthplace of every player on a team, know their form in the last 10 games, and yet you could still be as wrong as the guy who can't name 5 players on the team. That may sound weird, because why would you be that much wrong if you know that much, but football (can't speak about other sports) is obvious that shocking results could happen as frequently as expected ones, so it is not going to be easy for an "expert" to know it all.

Had a similar chat with a gambler and he made mention of how the winning odds are being kept attractively on the team that's most likely to win, and he'd be surprised to watch the lesser team win the game. People are given two options and few people try to engage on the option less followed. The smaller amount of people who staked on the lesser team, wins, thereby offering huge profits to the casino made from losers. Gambling works strangely especially in sport. It leaves me wondering if casinos control the football games. Because if they were just like gamblers who can't expertise the results, they wouldn't have been winning more than the players.
This is right, but still, we can't base a reasonable sports betting speculation and calculation on this, or else, we will fail. Many odd things are happening in the world of sports, but should we now leave the right analysis and go for the opposite options, I mean the ones with lower chances? Those times when the unexpected happens are the times when the imperfection in the sports predictions happens because there is no way you can predict always and win 100%. Even if it is 75% results you have in the sports prediction, which is very okay, and it still invariably means that you have a 25% chance of losing, which is not too high.

Should will now reverse the trend and now have the 25% winning and 75% losing due to this approach shown above? It will definitely be unwise. Sport happens, it is no big deal, and the times that the highly-expected outcome did not happen are the times we should decide to manage our gambling portfolio better. Anyone who is perfect should do otherwise, but inasmuch as you know that you do not have a 100% winning strategy, just continue with your right way of speculation but outsmart the shortcomings of it with better management that will make you survive for long instead of trying to reverse the prediction due to strange occurrence that happens at times.
1045  Economy / Gambling discussion / Re: Does mathematical calculations really work in lotto or is it just guess work? on: June 23, 2024, 06:23:03 AM
-snip-
Do you think that people can calculate and predict the numbers that machines draw or they're just guessing and picking random number combinations?
Yes, I do. I am this person with the notion that casino gambling is purely based on luck but lotto is an exception to this and it depends on the kind of lotto we are talking about. There are some that the past records can be used to calculate future outcomes and I've seen some good bettors winning with some combinations by forecasting through the past outcomes. I thought it was a joke until a friend of mine who operated a lotto as an agent of the company proved it otherwise. There are some regular faces that win through this approach for real.

He also wins through this and often tells me how practical and provable the past combination could indicate the future results. This, however, doesn't work all the time, and the reason is that out of the many past results to reference, the lotto company might only select randomly the one in which the history will be used to calculate the next outcomes. That is the puzzle within the lotto they have to solve in addition, which is difficult to ascertain in practice.

Had it been it always followed a specific pattern in history where they know the actual ones to calculate from, they would always be winning because there is a certain formula for this.
1046  Economy / Gambling discussion / Re: After losing the money in gambling,what is your strategy on: June 23, 2024, 05:56:27 AM
-snip-
Now he had decided to start the gambling again with the loan money to balance the previous loss of 2000$.What is your opinion on this,I had suggested him to go to the regular job to reduce the loan in step by step to reduce the loan burden.But he had word of “We can earn,Where we had loss everything “.Share your opinion on this.
Your friend is so irresponsible, the earlier he stops, the better for him. What I see here is desperation and idiocy, is it not a source of income that was giving him the money he was wasting on gambling, why not focus on the source and also invest the excess money wisely in other honourable channels? Must it be gambling? This is the issue with people, they want very cheap money as if their $2,000 could give them $200,000 immediately, but is it that easy? These are the reality questions he needs to ask himself and also tell himself the truth about the answers.

If gambling were that easy, billions of people would be rich by now and you would hardly see any gambling house again because people would have run them down due to too many winnings. But the reverse is the case which should have prompted a sensible person to be cautious. No one is saying one should not gamble but we should be gambling reasonably.

Mind you, no amount of strategy change will change anything here, I hope it will not be too late for him to realise he is a waster.
1047  Economy / Gambling discussion / Re: Betting on political events on: June 23, 2024, 05:36:37 AM
I propose to discuss bets on political events in this topic. Some bookmaker organizations offer such bets. In order not to engage in their advertising, I will not mention their names, but you can easily find them on the Internet using various queries such as “Betting on political events” or even “Betting on non-sports events”. Strictly speaking, political betting is a type of betting on non-sports events. I don’t know whether the moderator will allow this topic to remain in gambling discussions or move it to the politics section. But in my opinion, it is more logical to leave this topic here, because despite political forecasts, we are talking specifically about gambling.
 Why has betting become a symbol of sports games? This is not true. We can argue about any event - political, musical, economic, even esoteric. However, political events, such as elections in the United States, have the greatest liquidity. Perhaps a separate topic should be created for non-sports disputes that are also not political.
I do not see anything wrong in mentioning some of the gambling platforms offering such a service for easier exploration, but still, you did well by giving the clue. Stake offers such a service in case anyone wants to gamble and it comes with reasonable odds. Also, you are on point and no moderator will state otherwise as you posted in the right section of the forum. Although this is a political matter, but it doesn't change the fact that it is part of gambling, so this is different from mere political discussion.

However, I think only a well-established gambling company can be able to offer this service because it is also risky on its own. The reason is that in many cases, the options could only have two viable possible winners, so the money will be split between the two of them. And of course, one must win and if the side that won has higher bettors, it becomes a regular issue for the house regardless of how little the odd that gained is for the bettors.
1048  Economy / Gambling discussion / Re: [ POLL ] The Rematch: FURY vs USYK 21st December 2024 on: June 23, 2024, 05:02:44 AM
Tyson in a new interview on his Furyocity channel gave an updated about what he's been up to since the fight: https://www.youtube.com/watch?v=sfXEIeMPWK8

He thinks he beat Usyk easily and claims Usyk knows he lost the fight. Delusional. Was hoping he'd just accept defeat and promise to change that in the rematch. Hopefully the ref doesn't get involved this time and deprive Usyk of a KO.

I was just thinking that this could be part of the promotion already for the rematch. But he could really be that delusional and thinking that he won the fight, it might be close though but there's no uproar and we really think that Fury losses this fight very clearly.

And he should really focus on the rematch, make the necessary adjustments as that really separates a elite boxer from a good one. The ability to comeback, get back the belt that you lost, come back strong. So he should acknowledge first that he lost this one, man up and adjust.
I've not seen where Fury claimed he didn't lose the match between himself and Usyk, he may only try to talk the winning down but the match was clear and the decision was never divided. No one even queried the decision of the judges so it is obvious. On the rematch, I see nothing different from what happened in their first match. Fury has a better advantage than Usyk in my opinion but wasn't able to utilize it as it takes more than what you possess to win in the ring but how you can utilize it. He will surely locate his flaws and do better in the rematch, but Usyk won't fold his hands either.

Above it all, what I see that has been the strength of Usyk that many boxers do not have is endurance, the longer surviving spirit. That guy can withstand the heat in the ring, so it takes a staying power like him to beat him.
1049  Economy / Gambling discussion / Re: Drake did it again! Another huge losing bet... on: June 23, 2024, 04:30:46 AM
Yes, the famous canadian singer/actor has just "achieved" another big loss.
https://cryptopotato.com/here-is-how-much-bitcoin-btc-drake-lost-betting-on-the-nbas-final/
According some sources online he has lost around 500K USD in bitcoin while gambling on NBA finals.

Weel, this is not the first time we see such huge loss by the player (these are real money or just bonus)?
I think it is time that Drake employs me to be selecting for him, his losses are becoming too much, to the point that if you bet against Drake you might be making fortunes for yourself. Smiley To bet on sport the way he does is not typically difficult, I only wonder why he has been unfortunate to be betting wrongly for so long.

As for the betting money being real or a bonus, well, Stake and Drake can answer that, but one thing that is sure is that a VIP like him will definitely have some VIP packages and will definitely come with some bonuses.
1050  Other / Off-topic / Re: Gambling therapy on: June 23, 2024, 04:11:32 AM
       -     Honestly, we feel the same, dude. I feel like if I go to therapy, I have a disease. So I don't feel comfortable if I do that in real life, especially if I know myself that I'm not addicted to gambling, but I just do it when I want and I can't do anything; that's it, no other reason.

I don't expect to make any money from gambling because I know that it is difficult to get money from gambling because most of the time the gamblers lose here. And I'm not like other gamblers thinking it is my hope or my source of income, of course not I'm not like them.
If you're actually not addicted and not in denial, then I don't see a reason to attend therapy. There's nothing wrong with going to a therapist; it's actually the second step into solving what's troubling you, with the first one being acknowledging that you have an issue that you're unable to solve by yourself. You shouldn't feel "diseased" for attending a mental health professional; quite the opposite. Therapy might assist us in uncovering hidden trauma and provide a deeper understanding of why we act in a specific way, which also includes why some people become easier victims and fall into gambling addiction compared to others.
Thank you for this, it is similar to my disposition about this thread in my first reply. It's good that we go for therapy, take drugs etc, but the clause to that is that it is only good when we need them. Do you take paracetamol when you are not having a headache and other symptoms the paracetamol is being used for? Of course not. Unless you feel like learning from a therapist about how they do it, I see no good reason for it when you are a responsible gambler. Gambling is not a difficult activity or a compulsory one, and it gets better when you are not even addicted to it, just continue gambling in your little way and try to get the best out of it without taking it too seriously to warrant a therapy.

But the moment any gambler realises that a psychological issue that can't be self-solved is happening, therapy that can quickly solve it is a good call.
1051  Economy / Gambling discussion / Re: Gambling/betting shops vs Investment banks - Do you believe this guy's opinion? on: June 23, 2024, 03:54:08 AM
-snip-
What do you guys think about this?
First, this guy is not that popular compared to many others and it takes those who follow Nigerian music closely to know him. Notwithstanding, he is saying a fact, and it takes you to be living in some neighbourhood to appreciate what some people are saying. It would be very nice to view casinos in the view of Las Vegas and other online platforms where it is well arranged and coordinated rather than in trenches where all hope is almost lost but trying to find the balance in gambling.

As you know, Nigeria is not an encouraging country for many reasons, so a high number of the populace resorts to gambling, but to what end? They lose more, so it can't ever help them. That is why I believe the guy is advocating for investment instead.

The main gist here is that it's certain that most Nigerians who are gambling cannot be gambling for the fun, but certainly for the money, while many will still be doing that in desperation. But this doesn't end well for them, and at the slightest, they can't even improve their lives and that of their family, so looking elsewhere is a very good way to go. And truly, if you know how to work your way around quality investment, you can't compare it with gambling.
1052  Other / Off-topic / Re: Is addiction bad only when it is a problem? on: June 22, 2024, 04:18:47 PM
Addiction to gambling is not a problem for some gamblers because there are some gamblers who are addicted to gambling, but it doesn't affect the other activities of their life. They take care of their families, wear good clothes, smell nice, meet up with appointments but still cannot control the urge to gamble. It doesn't affect their life because they can afford to gamble and manage the loses they make. So, to these people addiction is not a problem. They are addicts, but because they are successful, their addiction is ignored or excused as it is not a problem.
So I am need to know, is addiction only bad when it is a problem?


Addiction is addiction and addiction is very bad because the result isn't always good, the fact that a gambler always have the urge to gamble doesn't make him an addict, neither does giving in to urges make you an addict. One sign of addiction is when your gambling life affects other areas of your life.
You are just saying heresies bro, your points are very far from the truth. First, "addiction is not addiction" is wrong as used in the context because it is not all addictions that are bad. I had an argument with someone a while ago about this and I realised that many of you guys are just saying what comes to your head without making some extra searches to verify. Regardless, addiction is bad when it pushes you to some irresponsible acts, especially if it is affecting your life and that of your loved ones negatively. This is what I also realise you believe is the addiction, but there is more as addiction can also happen in a positive way.

If you ever love doing something to the point that you are obsessed with it, you are actually addicted to it and it doesn't matter if the thing is positive or negative to you. For this, people do have to paint you badly by doing it before it is an addiction. So some addictions could be good, it is all about what you are doing and finding it difficult to let go when you try to. This could be those things that include your hobbies that have nothing to do with money. It often starts by having the urge to do it most/all which you find difficult to control.

Summarily, addiction doesn't necessarily have to affect any area of your life negatively, it is the "controlling/obsessive power" that is the "addiction."
1053  Economy / Gambling discussion / Re: Nigerian Government plans to begin taxing gambling. on: June 22, 2024, 03:18:16 PM
I was reading the news and saw that Nigerian government will soon introduce taxation to gambling. Taxation on gambling is not new in some countries so this will not be surprising to many people. But to Nigerians who are already experiencing difficulty in the economy do you think it is good for the government to still be planning imposing tax on gambling? there are gamblers who still gamble for fun in the country, will imposing a tax on it not push this people closer to depression as some may find it difficult to gamble comfortably. I also find it strange that the World Bank is supporting this with a financial support package of value close to $2.25million.
Since the taxation may not affect the crypto gambling community in Nigeria, this will encourage more gamblers to gamble now on crypto platforms right?

https://www.thecable.ng/world-bank-offers-support-as-fg-plans-to-introduce-telecoms-gambling-taxes/
This should not come as a surprise as one should have expected it from the tax-aggressive approach and desperation of this current government. If they've proposed to tax what shouldn't be taxed, how much more is gambling? At present, it is not entirely true to say the government is not earning from gambling taxes, only that they are not taxing the customers, but are certainly taxing the casino/sportsbook owners. If they are wise, why can't they increase the tax if at all they are more hungry for it, after all the house is the one making the big money, so why tax the poor citizens again?

However, in case they push it through, I am certain that they will not be so foolish about it. They will tax the gross winning and not tax the losses, especially if you are a loser but winning at times. It is those who are winning and have the overall gross winning that can be taxed in this sense. I am just saying though, I can't speak for the Nigerian government because they can do the unexpected and the unbelievable. That is how dumb they are, it is my country.

Nevertheless, it will be so provoking to tax all gambling transactions and that will even stop me from dealing with Nigerian gambling companies.
1054  Economy / Gambling / Re: Wired Gambler: The First Gambling Newsletter that Doesn't Suck! on: June 22, 2024, 02:37:59 PM
I was a better expectant when I first saw your thread but the expectation was highly disappointed with the approach I saw on your website. Are you for real? You should have thought it through better than this. This forum will no doubt help you propagate it but you asking for an email to access the service is not so convenient and will discourage many, that's the truth. In case you don't know, people are getting wiser these days and this system of having your email list where more emails will be leaked through it is not what I think a sensible person would sign for in this technological age. You may prove otherwise, but do we know you to ascertain your integrity and security?

If at all anyone will do that, I will never do that again. The time I was subscribing this way was the time that my email address became the victim of extreme spamming. Even if a well-registered company can still compromise, how much more is a random website?
1055  Economy / Speculation / Re: Is June a Downturn for the Crypto Market? on: June 22, 2024, 02:18:23 PM
Is it truly a month of downturn, or is this perception based on anecdotal ?
Initially, I thought the month of June would be different from what we experienced in April and May, and indeed, it started on the right footing, but with time, it gave up to the pressure of the Bears which are now becoming more dangerous by the day. Bitcoin is facing a lot of liquidity issues now and is bringing back the FUD to the market, no more FOMO for any reason the way we experienced before. Nevertheless, traders are now getting smarter also, this is in cutting the slice of the cake from the bottom when it has freshly hit the low.

I have done this for almost 2 weeks now and it has been so profitable instead of relying alone on some sustainable bullish movements that will not happen for now. This is expected to continue for a while even as the monthly bias is extremely bearish, it will take time before the market can overcome such a condition. Bitcoin is below many resistance levels now and I believe it should breach above $66,425 and have a daily close above it before any bullish hope can ever be rekindled as far as I am concerned.
1056  Economy / Gambling / Re: 🏆 www.l0tt0.com ⚡ casino games like you've never seen! 🏆 on: June 22, 2024, 01:46:13 PM
I just wanted to let everyone know that v2.5 is live. It took a little longer than planned-- but it's done and we are now accepted LTC and DOGE.
I'll be testing over the weekend and will start a promo for everyone here monday.
Oh, that is nice and your efforts to make the platform work are commendable, it is a whole lot of work from the beginning. I just checked the platform now, there are a lot of improvements but it still takes a regular gambler to adapt to the interface compared to the regularly known ones. Regardless, I will keep it in mind and on Monday, I will be opening my first account to try the platform.

Good luck!
1057  Economy / Exchanges / Re: Bybit Question on: June 22, 2024, 01:16:27 PM
I revealed my user profile to someone it contained Covered up email and UID is it bad? Or is something fine to reveal?
If I understand you correctly, you revealed your real UID but with a fake account email address? Well, for me, revealing your UID may not be an issue as we think if you are dealing with a small amount of money in there and the person you are dealing with is practically no threat. But if you have a sizable amount or plan to have it that you intend to keep and the revelation is to a stranger online/offline, then I suggest you should seek the right advice from Bybit itself.

This can't be taken lightly, and recently, Binance warned about revealing UID as requested by one of these platforms planning to give an airdrop. They deem it as sensitive, so it is not wise to reveal it.

At this point, I suggest you activate all the account security measures and make sure that with 2FA like the Google authentication used do not receive the code with the same gadget you have the Bybit app installed.
1058  Alternate cryptocurrencies / Altcoin Discussion / Re: Can someone send you fake Crypto into your wallet address that isn't there? on: June 22, 2024, 01:00:14 PM
I have been questioning the Crypto market for quite some time, and I tried to invest a few hundred dollars in it a year ago, and then forgot about it seeing it was too confusing to me.  After a year, my contact called me, and said I had XX,XXX of USDT to be transferred to my control.  After we exchanged addresses, and he sent me the funds in tether USDT, and my wallet now says I have XX,XXX amount of USDT received.

The problem now is, I can't seem to do anything with it.  Its on the ethereum network, and says I have tether USDT , but I cant seem to swap, send it, or cash it out.  The amount is greyed out on my transactions page of my coinbase wallet app, and the assets page says Zero funds.  I did add 10 dollars to my ethereum account to be able to mess around with it a bit trying to figure this out.

Is this a scam amount that isn't really there? Can someone explain I am very confused.
I've read some of the advice and suggestions of people but I will not call this a scam yet unless you prove it to be so because explanations could be confusing at times. First, ensure that it is the right Coinbase account you downloaded because that guy could have deceived you from the beginning. Second, try to contact Coinbase about this, I am sure they will have something to say. I can't be doing the back-and-forth question with you, but still, something could be missing, as a while ago, Coinbase asked a lot of users to move their funds away from it, but can still use the self-custody type. If you never moved the money that time, you might experience a thing like this, although I can't guarantee that since you still have access in your case but just can't do anything with the money.

However, before you go through the stress of contacting Coinbase for hope, why not ask the guy to furnish you with the transaction ID to start with?
1059  Economy / Trading Discussion / Re: The pressure,fear and indecisiveness that comes with trading. on: June 22, 2024, 12:38:18 PM
Those ups and downs you mentioned are what make trading to be very interesting and I can't imagine how it would be very boring if there were no such things, undeserved rewards would be too much. Trading is just like a rewarding puzzle, if you solve it rightly, you get to earn the rewards, but they aren't always easy. Although it doesn't look like that from the outside, I mean how the whole thing is structured, but in reality, it is tough.

This is the situation where your money could be blown to your face pretty fast if you misjudged the condition or/and misacted, and this has to do with a whole lot more than just you or the trading itself. It has to do with the theory, practice, real-time interpretation, management, psychology and coordination. If anyone misses it in any or all of these, such can't secede in it.

Initially, it was a trading secret I was pursuing not knowing that there is no such thing, but that success in trading lies within.
1060  Economy / Gambling discussion / Re: Investment in gambling on: June 22, 2024, 12:17:44 PM
Some persons says gambling is not an investment due to its risky levels but a game of entertainment while some persons says investments are likely to be gambling because you don't foresee the future and can't predict the later outcome.

I think I am exploring in this gambling spaces of risk bearers. While being aware about the techniques in the Ponzi Schemes of attracting the audience to invest lower amount and earns higher, the Investors runs greedily out of their emotional controls and then Invest more than they could afford to loose just because they are attracted by the returns of interests.
Now I am one of the audience (investor) who accepted to face the risk too with my own technical contrast that if it works as thought it is assumed that I won but if it doesn't, then it is assumed that I was late and has lost it.
Now, introduced to an ongoing Ponzi Scheme which I got interest on but then, I tends to know how long the platform has been lunched and the number of participants so I would know the risk level I could be, then I learnt it is about a month launched with about 200+ participants.
Drastically, I feel they are not closed to hitting the scam (platform cashes) button yet because they have less number of participants with minimum of funds in the platform yet which determines the factorizations of them considering to hit the scam buttons.
Now, the platform is programed on daily interests accumulations which can be withdrawn on daily basis depended on individuals decisions.
I already invested $20 on two of my accounts which I have   also made a total of $26 in less than 3 days through the daily withdrawal methods and yet my daily interests keep accumulating and I am up to make more cashouts. Lol.
At this level, I hope if anything compromised maybe they finally hits on the scammed buttons I am of no lost but has profited. So, I awaits them to do their worse. 😆.

This is the level States of mind this gambling space has inspired and aspired me to risks bearing. By so doing, I undertake this circumstances to be an investment because it has the potential to yield incomes and otherwise, it is accompanied with a gambling system because it comes with some analytical mindsets with indictments of greeds if not in control of your emotions. So, you either not invest with what you can't afford to loose or you faces emotional breakdowns.

This is my exploit and diverse in gambling of chasing profits.

Investing in a project that exhibits the characteristics of a Ponzi scheme would indeed be highly risky and is generally considered a scam. The structure of such schemes is unsustainable and illegal, as they don't generate any actual profit.
Im not sure why you did it, but for sure it's not an investment and not gambling.
With my understanding of this, the investor has tabled his plan very well, so nothing bad will happen to him eventually, he will only enrich himself and disappear just like his predecessor in this kind of ignoble game called Ponzi. Ponzi is actually illegal in all ramifications and I don't think there is a country today that will not frown at it, notwithstanding, it lingers still and might continue to be so, the government of many countries could be so fake. This scheme is so rampant in underprivileged countries where development is still very low, where a lot of supposed establishments are planning one or two schemes in a way that restructures the Ponzi scheme and continues to scam people unchallenged.

It is so unspeakable because the government even folds their arms and let it continue that way. Some will even conduct all the activities through the regular bank payments unchallenged, that's awful. This is why I conclude that the Ponzi scheme will remain, and either illegal or not, it is people who should be careful about it, no government is coming for Ponzi schemers. How many have they dealt with among the thousands of Ponzi schemes all around the world?

Above all, if anyone has the conscience, such will never invest in such a terrible arrangement.
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