Thinking of winning back a lost money in gambling is a way you would have more emotion that will let you to be losing more and more money until you will realize that it will not be possible.

Do not go beyond your gambling budget, bet little amount of money if you want to continue to gamble for a long time. Do not gamble to make money.

If you have won too, it is good to stop gambling because the day that has been going good could be ended in losses.

Yes this is the time to lose more. Some people will become very emotional and lose all their money in bank or on a wallet.

What I did that has been so helpful is the gambling budget that I set which is 5% or less of my weekly income. It has been helping and the reason I have been reiterating it on this forum.

You have discussed some ways a trader should avoid losses in trading, but I am surprised that you did not mention the sentence that a trader should not use more than the amount of money that he is capable of losing to trade. If little amount of money is used, trading emotion can be overcome. You need to also mention the strategies of using low amount to trade and ways of having low risk trading experience. You did not mention anything like not to leverage. There is nothing like averaging mentioned.

I am not talking about very high odds like over 2x, I am talking about a club to win or over 2.5 goal bets and something like that which can have odds from 1.5 to 2 odds. I lose more when I was using 1.02 odd. But when I use high odd of 1.5 to 2, I gamble less and I gain more than before. But if talking of 5x and above odds, that can be resulting to continuous losses.

But the odd should not be too low. Low olds can deceive a gambler to use high amount of money to gamble and lose more money in a single bet.

I prefer low amount of money with high odd.

Yes but there are sometimes I lower the money and accumulate many matches.

This is plus one because it is what that is most important in gambling. Going beyond gambling budget means irresponsible gambling. The gambling budget should be very low in percentage. Like me I have 5% or less of my income as gambling budget, not more than the amount that I can spend on beer every weekend.

Nice to DCA to be able to buy at varying prices. Bitcoin price is going to increase after next year halving. We have been waiting for this good period to come and it is not more than 7 months when bitcoin halving will occur.

People that make money with bitcoin are not likely poor but may not be rich either. People that invested in bitcoin are the once that are making money from it but poor people have other things to use money to do which may not let them invest in bitcoin as the money is not enough.

What if a trader has an exit point but the price of the traded coin not gotten to, as the market went in another direction

To overcome emotion, you have to trade with the amount of money that you can afford to lose.

This is what traders commonly refer to, but I as a trader with 1x or averaging technic, I prefer not to use stop lose. There are times that the market do reverse, but this may not favor people that are using high leverage, and in that regard, using stop loss can be good.

NFTs are not gambling. It is just about investing in them and waiting for their price to increase. That is investment. Some NFTs will increase in price. But NFTs are valueless things that are created but humans associating value with it, I do not buy NFTs. If I want to invest, I will prefer to invest in coins like bitcoin and if I want to gamble I will go to casino or bookie to gamble. This thread is not about gambling at all.

Some people will be waiting, thinking the price of bitcoin may fall. Even if bitcoin fall to $20000, those kind of people may still be waiting for the price to fall to $15000. It is better to buy now becuase bitcoin is going all-time-high. And bitcoin halving is getting closer everyday. You know what bitcoin halving is and how people are sentimental and buying bitcoin after halving which later lead to skyrocketed price. I do not think this is bull run for now, the price of bitcoin may still fall or not. But with doubts like this, it is good to DCA.

Point of correction, no free money from gambling. Gamblers use money to gamble and that makes it not free as they also sacrifice their time for it. But gambling should ntit be taken as a way of making money.

Just know that people are different. Like me I am gambling for fun. If you do not spend more than your gambling budget and which is not more than 5% of your weekly income, is that not fun enough?

Agreed, but the money makes it different from other games, it makes it fun. If I am using just $0.5 for every bet, is that not fun enough? Although there are times I use martingale but still not beyond my gambling budget.

For addiction and people that gamble in a way they can not control their emotion, that is not fun. Using high amount of money to gamble caused that.

How is it funny to you? Or if something bad happens to someone seem to be funny to you? You need to read what you post again.

Trading is more than having a mentor, it is about you having discipline and not trading with high amount of money. If you think you can have a mentor and you never lose, you are deceiving yourself because it is not possible. Newbie traders will experience some losses and have more experience in trading and he will naturally develop strategies to avoid losses.

Learning how to trade will take some weeks. But learning how to use trading to make profit can take months or a year or more, although learning the strategies can not take more than weeks but learning how to control emotions can take months.

I learn trading myself and it took me some days, but I lost money to trading very well. I learn more and more and now better than before and it takes me more than a year.

One thing I know about trading is to never use the amount of money that you can not afford to lose to trade.

Altcoins are more volatile and that is why people will use lower amount of money to trade them which can make the fee low. But if you have enough bitcoin, you can trade bitcoin which its market is more predictable than some altcoins.

Know that some good traders are losing because they are trading shit coins, but you can also trade the altcoins and make money if you get it rightly.

I think you mean random not ransom as casinos games are using RNG to generate each outcome of a game.

I have been gambling on many casinos, especially the ones on this forum and I like their results. Most of them are using third party games which is not provided directly by the casinos.

If learning about bitcoin is complicated, then learning generally is complicated.  As for me, there is nothing heard or complex or complicated about learning about bitcoin. The students will be taught the elementary part of bitcoin which is not going to be hard at all.

It is the elementary part that pupils can understand that would be taught according to their level in a way the pupils can understand. It is a good idea by El Salvadoran government.

Cold storage is better or use Electrum multisig wallet if you have two devices.

You can DCA bitcoin now when the price is low. You will see profit by 2024/2025. But if you see the price decreasing, do not sell for you not to sell at loss and for you not to regret that you sell because the price of bitcoin is going to increase and get the ATH.

Trading on your own is the best but you can try signals and see how they only care about their pockets. That would be when you will realized that there is nothing better than to have the knowledge and experience about how to trade on your own. But it is important for you not to use more than the amount of money that you can not afford to lose to trade.

This is not the same as slap flight which is very brutal and I can not consider that as a sport but something else. You can go to YouTube to watch some of the videos about pillow fight and see how easy it seems.

Here are examples: https://youtu.be/xBbBOgQnp9M?si=coU_n_vJlgLw9N9g

I have not heard of pillow fight league before until today as I read this topic, I looked at some videos about it and I can see two people fighting in somewhere similar to boxing or wrestling stage with pillows. It is fun and if people can use it to gamble on bookies, I think it is good.

If you use signals to trade, you will call them scam after they give you signals and you noticed that you are losing like in gambling. Avoid them and learn how to trade. Use low amount of money that you can afford to lose to trade.

What I know crypto signal providers have used to earn money from victims in a way the victims given signals lost money at last. Can I pay signal providers when I know they only care about their pockets and not my profit? I can not.