We are living in really difficult times at the moment, in the last 15 years we had so many different major crisis that there was no real recovery. The economy is very fragile as we are struggle from government intervention to the next big bailout. Just in the last few years we had the covid pandemic, Russia Ukraine war and the new high inflation making food and energy a luxury good. The main problem is that wages are not rising in line with all the cost. For example, living expenses went through the roof making it almost impossible to buy your own apartment these days. The only real chance we have is using debt to try and maintain some decent living standards and hope that our wages will eventually start rising and match the inflation rates. The good thing with high inflation is that it's also making our current debt less valuable in the future. 

I feel very similar to you about paying online with BTC. Due to the high volatility in the Bitcoin market I try to avoid using my precious coins as much as possible. When I first started out with Bitcoins I used them for all my purchases. That was probably my biggest investing mistake, I wish I would have held all my coins and paid in Fiat or stablecoins instead. The problem with paying in Bitcoins when the price is at 10 or 20,000 USD is that you will feel bad once the price rises. The same goes for using my bitcoins for gambling, I don't really deposit money anymore with BTC. In the past I also used crypto coins to deposit money quickly at the casino, but now I prefer to stick to using Fiat money to deposit and withdraw in crypto currencies.

I don't think this going to have a huge impact on the sports betting industry. First of all if the bookmakers have the money to use on marketing campaigns and advertising, then just banning them from the premier league will let them switch to other leagues or other form of advertising. The ban is not going to remove the existing customers and will likely not result in a short term impact. There are so many different ways the bookmakers could spread their company name and promotions, especially in social media there is almost no limits these days. The question will also be who is going to pick up all the free advertising space that becomes avalaible now. There will be a lot of companies who would like to get the exposure from premier league, but the gambling industry could afford to pay a lot of money for those advertisings. Let's see if other countries are going to do the same and if this is going to have a lot of impact.

First of all you need to calculate your cost of living and how much money you have actually at your hand each month that you can spend freely. It makes no sense to buy bitcoins today only to be forced to sell them in two weeks again because you need to pay your bills. When it comes to investing we should be only taking money that we can afford to lose. The next step should be to start buying bitcoins when you are comfortable. In my opinion buying a fixed amount of BTC each month is the best approach, the so called Dollar Cost Average (DCA) strategy makes sure that we don't worry so much about the price today and will focus on getting a good average purchasing price over a longer period of time.

I don't fully understand your example. You invest 10k USD and turn it into 20k USD, which you are going to sell because you need the money. So basically you are down to 0 USD and can't invest directly in bitcoins again. If you don't need the full 20k USD the best option would be to only sell some of your coins and keep the rest of them. Also if you want to reinvest into bitcoins you don't need to put all your money in at a price of 40k USD. You could try and split out your purchases to get a better price over time. Then there is the issue that short term price drops doesn't mean we have a loss at our hand immediately, as long as we are not selling our coins we are not realising our loss and can recover a few month down the road again.

That would be a huge move by Twitter and will likely impact the crypto community a lot. Short term I would expect prices to rise as a lot of new investors would join the market and it might be quite easy for them to buy and sell cryptos via Twitter. The main problem for me when it comes to socialmedia and crypto currencies is that there could be a huge hype in the beginning, but when there won't be high returns quickly all the new investors could leave the markets again. Socialmedia lives of hypes that quickly fade again and the same could happen when buying cryptos. Also Elon Musk used his power in the past on Twitter to promote certain cryptos that he owned, I am a bit afraid of conflicting interests here.

I don't fully understand your story, your 4 friends placed bets at a local bookmaker but gambling is prohibited in your country? Does this mean it was an illegal gambling casino or bookmaker? If that's the case I think police is mostly interested in the criminals operating the illegal casino, so if your friends provide information for the police maybe they can get rid of the fine. In general I would be careful with friends that engage in illegal activities. Nothing wrong with gambling, but if its banned in your country you should think about making a trip to another country to gamble. Don't feel responsible for the actions of your friends.

Yes I experienced tilt quite a lot in the past and had to learn the hard way how to deal with it. Tilt was one of my biggest problems when I first started with gambling. Whenever I gamble I set myself a fixed budget to gamble with, once I reach that limit I have to stop. The problem for me was that after a losing streak I fell into tilt and bet all my money at once because I thought it doesn't matter anymore and I would have a chance to recover. In the end I usually lost all my money and felt really bad about myself. Tilt made me do something that I regret deeply a few hours later. The best way for me to deal with tilt now is to take a break. Forcing myself to step back and take a deep breath before making the same mistakes again.

Unfortunately these requirements are part of the game and we can't really get around them. All casinos need some form of terms and conditions to protect themselves against exploits. A casino that offers deposit bonuses without restrictions on withdrawals can have a big problem if gamblers pull out all their money after only one round. I think it's pretty common for casinos to have a x5 waging minimum requirements on their bonuses. I kind of got used to them and never really try to withdraw any winnings instantly. But having requirements on our normal bankroll without bonuses is a bit harsh in my opinion, especially if it's x5. There can't be much done now only to learn from the mistake and look more closely next time.

No I rarely play lotteries and when I play them it's usually the state lottery in my country. When it comes to lotteries by online casinos I have no experience at all. For my taste the winning chances are too low, my grandfather played lottery every week for more than 30 years and never won anything big. Usually it needs a lot players to get a big jackpot, but with online lotteries I would expect there to be not so many gamblers. When it comes to state lotteries I only follow up on the mega jackpots and in which city the winner lives. As for online lotteries I don't really know where to follow up. Lotteries could be more fun if they don't focus so much on the big jackpots, because it's so unrealistic to win them.

That's an interesting idea, but might be very hard to implement. Gambling addiction is a serious problem that only affects a fraction of the gamblers. So for making such a certificate mandatory at the casinos a lot of gamblers who never struggled with the addiction would have to get it. This would be a lot of work and also provides the government with personal information from all the gamblers. I think the major concern most of us have with it is the misuse of our data by the government and a potential data breach that could lead to our data getting in the wrong hands. It also might be a bit hard to proof that you are a responsible gambler. What kind of records do we need to keep from our gambling activities, and for how long? That could accumulate to a lot of data.

I agree it's not easy to create a new successful casino from scratch. Due to the online gambling boom during the lockdown periods casinos have become much more competitive and actively fight for customers. Today it's pretty common to see special promotions and  advertising for all the big events. It takes money to attract customers to your casino and it also takes money to keep the existing customers happy. Any new casino need to be aware of that and invest constantly into their marketing department. It's great to offer something new to the gambling community, just make sure that the basics are working well and enough capital is at hand to keep promotions running.

No never, the casinos I visited in the past it was common to tip chips. When you win a big hand in roulette, blackjack or poker it's customery to slide a chip for the dealer. So far I have never heard of tipping anything else to the dealer than chips. MrBeast is one of the biggest youtubers and spends a lot of money in his videos. Him tipping a car to waitress is all about making Internet content and not actually giving something back to the waiter. He needs to find a restaurant where he is allowed to film and a staff that is fine with being seen by million of people. When in a casino it's all about sharing our money with the dealer, because he was the one that gave us the good cards. Being generous to the dealer gives the idea that he can influence the cards and let's us win more often.

I fully agree with you, controlling our emotions is one of the hardest things in trading that even after years of experience remains difficult. How many times has my stomach told me to  sell my positions now, without any real reasoning behind it. Feelings like greed and fear are a big problem that and can lead to losses if we give in to them. That is why we need to actively control our feelings and live with them. I found that gambling is a great way to get used to dealing with losses. When playing poker there are situations where you play correctly, but still lose due to randomness and bad beats. For example when you hold the two best hands AA or KK, you will try to get as many chips as possible in the middle. And even through you have the highest winning chances there is no guarantee we will actually make money. That was the hardest lesson for me  to learn in trading as well. Even though you make the right analysis and decision, when the market is against you there is not much we can do than accept it. Having the mental strength to accept situations that we can't change and don't fall into a black hole is important for any trader.

Oh boy looks like she doesn't want to give up. I was so glad last year the bill against crypto both in America and in Europe found no majority. Why can't politicians accept defeat and move on? When already Democrats and Republicans agree together on something there must be really something wrong. I hope that due to the crypto hype over the last two years that there is now a strong majority for people who favor cryptos and don't want to see their use being limited. To a certain extent regulation is important, but over regulating a whole sector will limit it's growth in the future and reduce the incentive for technological advances. Let's make sure that everybody knows the politicians that are against cryptos.

That's an interesting thought experiment. For the value of the dollar to go to 0 there would be some very bad situation before, likely could be that the US government prints so much Dollar that they become worthless, or the inflation starts to go into hyper inflation also making the value of 1 USD to drop to 0. Alternatively the US economy could collapse and also making the currency to collapse. The question then would be if consumers start to switch to other means of payments, like bitcoin or gold. Trading in gold is not really feasible as most people only own it in form of jewelry which you can't really break down in small parts. Bitcoin would be a great way to make purchases directly between producers and consumers, but I can't imagine want kind of prices it would be. Given that if USA is in economic crisis the rest of world will likely be too, there would be high demand for bitcoins and prices should rise quickly. Probably already for a few Satoshi we could be buying our daily food supplies.

Having challenges against other gamblers is a great idea to make gambling more interactive and interesting. I think everybody enjoys participating in them and as far as I know they are all free to take part in them. It's mostly upside with a limited downside. The only problem I have with the challenges is that they can make us more focused than the actual casino games. If we put our main focus on the challenges and not the casinos games it could become a problem. The main improvement I would like to see with challenges is to focus more on the average gambler and not the big whale gamblers. Having challenges that focus on the number of games and the time spent at the casino would be more fun than the amount of money spent at the casino.

That's a great idea, I think there is a lot of demand for such seminars among small business owners. In my country it's mandatory that all types of businesses need to keep at least a basic level of financial records. But many companies are struggling with it and when there is an audit happening there is a lot of panic. During university I worked part time in a tax office and saw first hand in what conditions these documents where. There were a lot stains on the paper and pages missing, which was a big problem because the government would always make unrealistic estimates. If you are struggling with speaking in front of strangers you could think about only making online seminars, then you would be sitting alone in your room and only have to engage via video with your clients. One problem is that many business owners don't pay much attention to the subject, it only comes to mind when there is an audit around the corner.

Martingale is my preferred gambling strategy, you know exactly how much to gamble with each bet and with only one win we are going to recover all previous losses. The main problem with the martingale strategy is that if we don't manage our bankroll properly we are going to go bankrupt in a losing streak before recovering. That's why it's important to start small with only a tiny fraction of our overall bankroll. 1.8x is a good multiplier, the highest I would go with martingale is 2x.

That's an interesting question I haven't really thought about. Financial markets are very dynamic and fast changing, if there is a profitable trading strategy we will see many different traders copying it until it becomes less profitable and traders move on. That's why it's always important to check our own strategies regularly and see if market conditions changed and we are losing money. With that in mind old strategies could become profitable if they are abandoned by all traders again. The thing with my trading strategies is that I don't really have a fixed one, I use a wide range of technical indicators to get trading signals. And these indicators I switch from time to time depending on the current market situation. In bear markets where prices are moving much faster I tend to use mostly short term indicators, and during bull markets I focus more on longterm trend analysis. Maybe now with the rise of AI we can have a program that constantly evaluates all our past strategies and ranks them based on profitability.