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In any field of investment, the bigger your capital is, the laarger the profit. But this is only possible if you will be able to manage the risk and to maake it profitable; yes, it is in your hands. If you are just wanting to put huge amount of money without any plans and without even studying where you are engaging yourself with, then you are just simply throwing away your money. Real estate is a good field of investment but as we all know there are still risks present such as floods, overall location, costing or price and such. There are many real estate agents but why aren't all making these 'millions'?. There's this thing called competition and you need to compete as well.
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So, a senior citizen in one of the western countries makes a complaint that he preferred the 1950s when everything made sense and life was simple. He loves the analog times more than the digital. Despite this, he trusts Bitcoin self-custody, and that is the reason why he holds bitcoin. He complains that his bitcoin just sits in his hard wallet, and he doesn't even know what to do with it. According to him, his fear is that if he sells it during the next bull run, he will be taxed, and he doesn't want that. A question arises: Would taxes still be applicable if a time comes when exchanging bitcoin for fiat is no longer necessary?
I'm not sure where he lives but if he lives in the US I think he's going to be taxed for his monetary assets the moment they become liquid. In the case of his bitcoins, he's going to be taxed for it soon as he convert it all into fiat. I suggest he take his money out little by little so he doesn't get taxed that much. Although I'm not really sure about the legalities of that since I'm not really living in the US and in my country, we don't get taxed for owning and converting cryptocurrencies into Fiat lols. If he's not living in the US then props and congrats to him, otherwise he's just fucked royally cause the IRS and the taxman will always catch up to him no matter what. Remind him that it's not bitcoin's fault that he's going to be taxed for his ownings, it's the government's fault for taxing everything with value to them. But the condition is not exchanging Bitcoin to fiat. Naturally, Bitcoin is decentralized and all of your wealth into such currency shouldn't be taxed. But as we all know governments won't allow such thing to happen. Taxation might be done to your properties as you register it to the local governments perhaps your house or your car. But for sure they'd make a way to also tax your daily expenses such as needs. One way to do this is thru a third party exchanger, they'd just won't allow it 'coz taxes play a huge role in one country's economy. Is it a bad thing? Well taxes should be having an impression of such but corruption just exists. If taxes are being used properly, then people won't complain of it. |
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Well we are free to use DCAs &TAs but no one will ever predict the maket price movement accurately, therefore there's no such thing as mastery. Even experienced traders and investors are losing money from trading Bitcoin and other cryptocurrencies. This is simply because of maarket price volatility due to factors affectjng the demand and total market manipulation by big investors. Only best thing to do is to ride with the wave and never expect to catch the wave at any cost. If you're into long term hokding then there's nothing much to worry as long as you have the tolerance for sudden market downfalls. That's just how this market works; you will need a lot of patience when creating a position.
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Bigger profit would basically go with the more volatile one, but ofcourse there would be a bigger risk. Stocking up your money in bank is not a bad thing to do but manage your expectations; its value would increase over buy below 5%. Its advantage is being a secured storage of wealth. So the answer is sinply depending on your preference as an individual; it is security over profitability or vice versa. Yooo man this is a hell of compare.
Altcoins may give you 1000$ in one min but that also can work on another hand like losing all your invested money in one min. Banks profits may be lower but your money will be there safely no matter whether interest lower or higher.
You could also lose $1000 in one minute of trading altcoins. Keep in mind how volatile altcoin's market value is. Prices tend to change from time to time. One wrong technical analysis would yield to aa huge loss especially if risks won't be managed at first. |
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I'd say no. One of its edge is decentralization. It could still be a profitable investment but for sure it would more likely have a lower market value than its ATH. One reason is the benefit of decentralization. Just compare its market price to centralized cryptocurrencies and compare the difference on its volatility and its market price. Other than decentralization, one of the things which developed an interest towards this blockchain is because of its origin which is why I do think Bitcoin will still have a higher market price than with stable coins but won't be enough to be as big as it is currently.
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Are you an active gambler with the stake if yes you will not face this kind of trouble on your part, but if no, and just recently created an account and make a deposit and then win a large profit seeking a withdrawal immediately for sure they will tag your account for a freeze status, we cannot deny this always happen, each gambling casino have a minimum wage after they deposit just read the terms and conditions too so if you made a deposit and win why not to play those funds you've been use at least a 1k usd, also if you submitted the KYC to them sure they will immediately take an action. @OP if you fix the problem you can now lock the thread in the lower left of the whole thread.
There are just rules set by a gambling platform and they simply have the rights to do so as long as it is still in line with what's in TOS. Freezing or holding your account doesn't mean that your money will forever be held. You will just be needing to comply with procedures. As we all know, if you didn't do anything illegal or in contrast with terms, then there's really nothing to worry about. Stake as well as other reputable platforms won't throw their name for such amount. It will be a problem with OP's nend if he's against submitting KYC but that will bring him back with TOS. Many gambling platforms are doing the same thing but for sure they are not pushing you to lose all of your money in their platform. |
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No idea that it is called of such thing, I only recognized it as greed. Gambling is believed to be a bad thing for the society but why do people still continue engaging into it? Money. The impression of getting rich in an instant is because of money involved. Some are even having thoughts of going all out which is why they tend to be in huge debt. Many rich individuals have gone broke by doing so. Many average people got pulled below. But some wend from lowest to highest and this is what drives most of the gamblers crazy. Many gamblers percieve this industry as an instant or shortcut to being rich. Remember that our intentions affect our actions. Sudden changes in a person's financials is never a good thing. A poor person who became rich in a very short time will have difficulties to adapt to the new reality. I think it is probably better to get some professional help in a situation like this so you can prepare yourself for the future. Most people don't do that however. They dive into coke&blow&lambo right away and sadly this is the best way lose their newly found wealth. Some people on the other hand become over-cautious with their money and these people never spend any of it... This is not healthy either. What good is money if you are not right in the head?
Some poor people become rich overnight but fall ill and cannot use their wealth. To respond to it, we must have peace when we get something, in any case, to see what's behind what we get. But getting professional help is possible because they can understand and advise us so we don't get confused when we get something better. And for people who succeed in getting money from the lottery, they really have to be able to use their money well so they can make changes in their lives, and they don't have to buy the lottery again because they already have a better source of income. Professional help would be the best tool. Unfortunately, not all gamblers in such phase has the courage to do so and some are even doubting their condition. It is all in our minds. The way we see things is what we become. Accept how luck plays in gambling. |
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Won't be surprising to see the top names in this industry if trust is concerned. ETH, BNB, XRP, LTC and the likes are more likely to be in the list of most users here. It would be a different list if we are talking about altcoins generating bigger profit. These are often tokens which has high market price volatility. These tokens would generate huge profit but will also impose you to higher risk. Trusted tokens are ones which have larger community of investors and chains. ETH would be on top list 'coz it is believed to be next to Bitcoin as we all know. Buying "unique" coins, or "shitcoins," may lead to financial success for some. BNB, Arbitrum, Cake, and ApeCoin all have unique traits, thus you made a good choice.
Let me say that I solely believe in Ethereum, or ETH. Other ones may have potential, but I wouldn't bet on them. I invest mostly in Ethereum despite the many options. Ethereum is more than just a currency: it's a platform that's spawned many other innovations. Thus, investing in Bitcoin or other cryptocurrencies is different.
Some of the other cryptocurrencies you named may offer potential, but they also entail major dangers in the bitcoin market. However, only Ethereum can provide stability in this ever-changing crypto environment.
High profit but high risk. Most of the time, those tokens are only having periods wherein prices are inclining due to market price manipulation by huge investors or because of news related. One example is with what happened last month with XRP's market value. It have increased 100% of its price before the pump in an instant. |
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Definitely yes. But that depends on the project's vision whether it would only be good in a short period of time or to be good with long term scale. There are more investors nowadays compared with the past but not all of these investors would invest in a single glance. Most of them are keen with details before engaging to the project itself. More people are gaining knowledge so better let your project meet their ideals and interests. New projects will always be present even though market conditions are red, and the fact is that there are many new projects that are working and can achieve hard caps so there are always successful projects, of course it is not easy to create new projects.
I doubt with majority of the projects are hitting hard cap. I do think as well that there's a lower rate of success with projects nowadays if we would weigh quality over quantity of the projects. However new projects are mostly for short term so if you are planning to enter on its 'mid phase' then atleast minimize or manage tge loss. |
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It is not to think before investjng but rather to plan things out. Many people are dreaming to be called a CEO or someone who has an investment. But not all people are down to study something which cathes their interest. Investing into something we don't know that much of, is like simply throwing away your cash. Good if you can endure losses but why did you started in the first place, right? Things should all be planned and risks should be managed before actualizing your investment. How in hell did you not warned your friend about investing in bitcoin by selling property and then teaching him about it when he finally lost his money? You've known about it, there should've been some way that you could've intervened with your friend's decision. Your title is right though, definitely have a think before investing. I don't want to accuse you but this topic seem a bit fishy, like it's not entirely true or the facts aren't straight because it's not your story and you're just retelling it inaccurately.
OP's story is pretty brief so it's hard to tell if it's a true story or not. But you can't blame the OP for not giving any warning to his friend about the risks of bitcoin investing. How can OP give advice when his friend secretly sells property for investment and when he has lost everything he comes to OP? Because not only OP but anyone in this situation will stop your friend if they know they are intending to sell assets to invest in bitcoin. Especially those without any knowledge. Well his friend has the right to do so given that it's his property. You might want to give him warning but if he still choose to continue then no one would stop him from doing so. Let's just accept the some lessons aren't learned easily, there are times it would be thought the hard way. Let us hope that atleast he learned something from iy and props for him on continuing where he have taken a loss. |
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One reason why people miss direction in life is competition. People don't understand that everyone is unique so they want to be like someone else. Some people are talented in sports but they choose to become businessmen because they want to be like another person. The same thing also happens in business when some people choose to go into areas they do not know about because they think that others are making more profit from the business area. Success requires focus and determination. To achieve success we need to be persistently diligent until we attain our goals.
The life of everyone will be easy if they become thankful for what they have because its reality that there is no body who achieved every desire in life. Some people thinks that other is happy because they have lots of money but they don't know that having lots of money does not magnify your happiness. We should not always follow others but should make our lives as everyone desires to have life like this. Same thing people do with trading as they don't know anything but follow others because they become rich due to trading but one thing is important here that success is for those who are talented in that field. May be you are not good in trading but good in business so always select that field in which you are knowledgeable and you have command on that things so you will be successful. Well indeed happiness is when satisfactions are met but question is, when would you be satisfied? Therefore, it is a normal drive for use to desire more and consequently as long as we are seeking or asking for more, that is where we would feel the struggles or that life is hard. On my end, I'd prefer experiencing this feeling simply because it means I am doing something in order to earn or for situations to be better. We have to acfept the fact that struggles aand hardships are necessary. What's not is to end up struggling in an unending manner because that would simply mean you are doing something wrong which is why problems are still there. |
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@OP, The idea of someone saying that Bitcoin is not for everybody may really be because of the bad perception that some people have about Bitcoin, but that statement doesn't necessarily mean or state that Bitcoin is not for everyone. Of course, it is for everyone, but specifically for those who understand the values of it, for those who realise how cool Bitcoin investment can be, and for those who want to be in charge of their financial control, because Satoshi's idea of creating Bitcoin was for the common man and woman to be able to have their own financial management under their control in a decentralised and digital way, so that those financial elites wouldn't really be in charge of how we spend our money all the time.
In the bank today, there's some kind of huge amount of withdrawal you will want to pull out of your account, and your account officer will call in to ask you what you really want to do with the money, but with one's money in Bitcoin, no one will have to quarry you for how much you are withdrawing or depositing. So, it's sometimes said that Bitcoin is not for everyone, but for those who realise all those quality features of Bitcoin.
Indeed. Not literally have limitations but rather needs to be met by people who fully understand its concept. Many things have happened in the past and some created bad impression towards this industry and some a good. Since there's a mix of impressions and attitude in this industry, we cannot expect everyone to acvept and use this technology on a daily basis and not to mention restrictions and limitations to some countries regarding acceptance of this Blockchain. For now, waiting is the only thing we could do until things become better for this industry. Atleast for now, we are seeing growth with this technology's acknowledgement from more people. |
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The first time I tried slots in my life, I use 1Eur to make 240Euro, this was my most joyous day in gambling, it was so unexpected, I freaked out and freaking lost my mind, since then I started believing that gambling do have some surprises when you don't expect them.
The saddest Slots spinning day was when I use 300$ to spin for hours and had on 20$ left, that was where I finally decided to cash out, I felt bad for a week before I got over it, that was when I started having a gambling limit in mind.
Till today, I have had some losses and also some fine hits, what about you guys? Do you have any Slots spinning story to share? I'm sure some people are more lucky than many others.
Experiencing both winning and losing to games which are pure-luck based is a normal thing. I've been into slot games before when I started gambling. Whay's usual is to try games which does not require that much of effort analyzing and just relying alone with your fate. I've switched into sportsbetting 'coz I think outcomes and risk are more manageable unlike with dicegames, slots, and some card games. But with pure-luck based games, that is where I've lost more money than with other gambling games. Maybe this is just not my game buy how simple things work for it, is indeed entertaining. It happened to me as well. When I started gambling I won around 1200 EUR with just 2.5 EUR. It was really amazing and felt so good especially since I needed the money for some things. The only difference between me and you is that I didn't gamble on slots; it was just on football.
I feel like luck is on your side when you first start gambling, but later on it becomes harder to achieve such good wins. Personally, in the past few months I haven't been gambling just to make money. I gamble to have fun with friends.
And some did not even experience that 'beginner's luck' instance, unfortunately. Best way is to atleast enjoy your gambling experience 'coz not everyone is lucky enough to experience both enjoyment and profit at the same time. |
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I am trying to compile a list of crypto casinos that are offering free spins and no deposit promotions. Most of them offer it as a signup bonus whereas there are a few that offer it anytime. I have found a few, which won't look great on my list as I am looking for more than 10 online crypto casinos. If anyone here is aware of such an offer then do share it. I want to compile this list for anyone who wants to test a platform before joining and depositing on it.
Please remember I am looking for casinos that offer free play and no deposit. They might provide a new user without passing KYC a small amount of in house deposite to explore their platform. Thanks in advance.
It is doubtful whether you will find a casino site where you can enjoy only free spins without any deposit. But you will find sites where you can gamble with small amounts and withdraw without any kyc verification. If you find a site that only allows you to enjoy free spins without any kind of deposit then you won't win anything from there. stake.com sportsbet.io In these gambling sites you can gamble without kyc with low amount. there are also very reliable. But do your own research before gambling A gambling site won't allow that. House always win as we all know. Offering freespins should be in favor for them it is either you will need still to deposit in order to withdraw or rewards will just be limited unlike with the actual. There is more likely something like that in order for platforms to avoid abuse from their potential players. Their goal is to simply give an impression to outside players and to encourage them for further engagement and they cannot sacrifice meeting that goal by letting go of huge amount of money.Free spins are not all scam but manage the expectations; you won't win big if you will not use big money unless you are lucky enough for multipliers but that is another side of the story. Point here is free spins without any amount of deposits. |
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That's drive and greed. We often disregard the reality that losing is more certain than winning. Experiencing victory gives us the drive that something impossible have been achieved, which pushes us to go further. On the other hand is greed or seeking more of what you have earned not realizing how long it took to be in such instance. This is where gamblers tend to be reckless and where frustrations arise once that drive and greed are not met with the intention which is to win more. We tend to disregard the consequences of our actions once we're on the rush. There are many, many ways to get addicted to gambling op. Winning is just one of them. Chasing losses, trying out a huge variety of games etc are some other ways to completely lose yourself in the world of gambling.
Inner will-power or self-control is the only way to control any form of gambling addiction if you ask me.
Whether it is chasing losses or wanting to win, we all have one goal which is to earn money out of gambling. It is indeed easy to set standards for ourselves but will never be too easy to apply. |
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Trading is like gambling if you have no concrete plans or analyses. It is like you are guessing what move would be next for that token and that is definitely a no-no. This is not only with Bitcoin but to all cryptocurrencies in the market. Check your vision; if you are for instant profit then try to learn reading the charts, candles, and volume. But if you're okay with long term trading then simply be patient of waiting for its market value to increase. To put it simple; if you want more profit then you should provide more knowledge. Only less than 10% of traders are really profitable. You may hit some wins but in the long run, having no plan at all will just consume your money, no doubt.
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You will have your hopes up in free or demo mode. There's a high chance that the outcome on trials is the the same as with the actual, for marketing purposes. What's usual is to try the demo mode and if it would show continuous winnings then that player could be easily persuaded to actualize betting on that platfform. But this is not to throw accusation that the platform is cheating but rather just making their site or game interesting to the players. Most of the time target audience in such scheme are newbies 'coz 'veteran gamblers' tends to know the fact that winning on the actual is not as easy with their promotionals and ads. I don't get why demo slots games exists though, why? Because it's just a click botton something, there is nothing to learn using the demo like trading, also if you have no idea about gambling and you see slots demo for the first-time, you will be bombard with satisfying results, in between few rounds you will hit unbelievable amount of money, it will be fool of you to think that the real mode will bring such rewards to you.
I've never use demo account before, I am wondering what I would have done if I started going trying out demos for the first time, maybe it will make me have the impossible dream? I mean this could add more fire to your addiction, demo accounts are not necessarily when a game is all about luck, there is skills to apply anywhere.
Not all players would engage to a platform in a single glance. Ofcourse they'd be wanting to test it first and not all gambling sites have this kind of mode so it is a good thing for me especially for those who has just started in this industry as one of their introductory schemes to somehow build an impression to players. |
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But not everyone who seeks pleasure from gambling also expects to win because some gamblers deliberately look for games that are more exciting or more entertaining without thinking about whether it will result in a win or not.
We know that most gamblers are really looking for victory, but there's also no doubt that winning is difficult to get, so the most important thing is to feel happy and satisfied.
If you're a type of gambler with a main desire of having fun and winning is just a bonus, then that's good because you won't likely experience a problem related to your gambling activity. Because the usual problem of gamblers are unable to accept the fact that they lose their money in gambling. It's the start of trying to recover the losses and spending what they can't afford to lose. If it's easy to win, then it's not a problem if you have the desire to win big.
I'm a little confused by those who are too obsessed with big wins to be willing to do anything to have this opportunity.
The thought that you can win big if you gamble your money is really tempting. Who don't want to win right? But it's a must that we have self-control so we can limit ourselves on how much to bet, and not to aim the winning amount based on our financial needs. Only a few are gambling for entertainment purposes and for sure mostly are into profit. The impression of getting rich quickly is sinply tempting players to bet more and to play more. My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?
Relying on gambling as source of financial need is very bad idea because you might suffer more losses than getting extra money for your financial needs. It’s better to save the money instead of placing it on gambling. I always have a target profit which is x2 of my bankroll. No matter what is my bankroll. Potential profit is least of your concern in gambling since you might be prioritizing stop loss when playing since there’s a high chance of losing than winning. Indeed. Having gambling as your main source of income is really a bad move because you might end up losing more instead of what you will gain because of the risks that comes along with it. Gambling is a risky income generator if you plan to make it one. You shouldn't even consider it to begin with because gambling is more fun and could give you less stress if you just do it for fun and not for profit. But if a person really insists to make it as an sideline, then one must also prepare for the possible risks of drawbacks such as losses and being dependent on it with prolonged gambling habit or routine. Though for me, it's still best to have a stable source of income such as regular day job. Also, is there such thing as continuous profit in gambling? Even player for years are losing bigtime especially if "it's not their day". Their consistency and analysis just somehow overpowers their loss which creates profit. There making it as your main source of income is possible but hard. Even if you have a large capital it is not easy to achieve 'coz no one controls the outcome of any game no other than fate itself. Gambling can be an additional source of income but will never be advisable to fully rely on it. And with winning limit, in the long run this would be a better mindset. Yes, there's a possibility to win more especiallt if 'you're feeling it' but consider the other way around. For me, the ideal profit daily is atleast double your capital to make it sustainable and enough to decide whether to stop already. Pushing through could put change your winnings into losses. |
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Sometimes it is indeed okay to be secretive of things that you don't want to explain yourself out. You'd indeed increase your ego in some instances that you would share your winnings but most of the time it would be misinterpreted by others especially non-gamblers. Gambling is morally incorrect as we all know; it contradicts religious belief and laws of the authority. Also, there's a negative impression towards this industry in particular with debt, loss, and addiction. Therefore, it is better to keep it for ourselves alone 'coz it is us who would understand it more without any questions and without any criticism.
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Let's talk about the experiences y'all had prior your adoption time ( the time you realized you're supposed to begin gambling and, if possible - take good advantage of the casino itself) ... alright we all know that alot of things could sound so convincing atimes - and that could possibly make anyone go for a highlife or tryout new things beyond Thier capacity - was there a time you read any article about some multi million wins and the person behind was someone of your age group??
"*Or a time you came across an ad on your cellphone where a person of your age was tryna enable you get on a site, with so many proves then that kinda like inspired you??
"*Or a time you got excitingly/awkwardly teased by a close friend for not wagering on the same game as they did, then it cuts??
"*Or a time you were offered a big tip to bet with(which clearly isn't your own funds?)?
P/s: that might not really be the main reasons you began gambling so hard but I believe that peers got alot of influence too,...many atimes, peeps that illicitly gamble are usually led up that 'em peers; let's learn from your experience too.
Sandra 🧑🦰
These are evident to most of us especially with wagering to the games that our friends are betting to. They'd somewhat encourage you to bet on their prediction just to satisfy their ego that they'd have someone with them once they lose and qill be proud of themselves once it wins. Actually it's jist fine as long as you have the same analysis as with them but if it contradicts your viewpoint then I suggest betting on your own 'coz in such way the outcome would be easily accepted. But with gambling encouragement, this is something we gamblers shpuld avoid. Let us allow them to seek for it with initiative 'coz once something bad happen to their money, you'd be to blame in some instances. Also, if you're a friend don't push them to risk unless you know to yourself how to make something profitable. |
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