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121  Economy / Economics / Re: Invest on your dependants if you too must grow further on: April 15, 2024, 07:54:05 PM
Doing financially well as a breadwinner in your family is not sufficient enough to encourage your financial growth or stability when you don't optimize to make provisions on how your dependants can also stay financially independent to themselves because over billing can actually weigh your aiming down.

If you're too proud of yourself, delightful and relaxed without being bothered on how to ease your responsibilities within your home when  you've the capacities to lucrate everyones minds by introducing them or encouraging them on how they can also breakthrough their financial reliances, you'd either end up struggling to have more values to your finances or your relentness engagement on always being the provider could picture you as one of a kind who have the potential to elevate others but chooses to let everyone settled beneath your foots which can actually inspire some negative thoughts on people envying your success.

Buttressing the whole fact, to help people of your responsibilities in staying financially reliable when you've the capacities would as much reduce the level of your expenses with the people in concerned and would enable you to flexibly focus on your personal issues hopefully in your projects of gaining more wealth and enlarging your incomes.

I think more of African people would understand this better where economy system can be so hard and the people struggles to make living and add values to their lives while those opportuned to breakthrough those hard times are being overweighted to grow higher due to responsibility surrounding them.

This sounds like some AI written trash, but there is a small grain of value worth addressing within it. It's a very fine balance to be had - sometimes friends and family need a helping had, if you're in a position to give it to them you should give it a go as it could come back the other way at one point. You mention Africa but unfortunately many people on that continent are dragged into the world of work and will never get a rounded education that would make them much more useful in the jobs market. They take whatever opportunities come their way and grasp it, in turn helping their family survive. That continent has the full range of absolute poverty up until unimaginable riches that the leaders will bask in.
122  Economy / Gambling discussion / Re: Which player are you? on: April 15, 2024, 07:13:50 PM
Do you prefer games where you know right away whether you've won (or lost) casino style, or do you prefer other games like sports betting? Do you have any other favorite games?

It's nice to have a bit of variety between the two, sometimes you might buy a couple lottery tickets a week ahead and then forget about them - only to get an alert that you have won a prize. It's usually the lowest prize possible, but in the meantime you can dream of what might be possible with such huge amounts. Slot games can occasionally be thrilling, especially when they suck you in and you get those big wins. You know that you'll lose long term playing most casino games, but you still get a thrill from playing through $25, getting down to $5 and  then suddenly winning a $50 jackpot type score that puts you way higher. Most gamblers keep playing through however and lose it all.
123  Economy / Economics / Re: Counting the cost of a ww3. on: April 15, 2024, 06:48:33 PM
The the Russia - Ukraine war is one war that the global economy is on what I will call the borderline of recovery from and here is another conflict in the Middle East  region somewhat a major supplier of energy to the world. if this conflict should escalate with other major countries (which I chose not to mention) getting involved the global economy might be hit with worse recession than we are currently facing.

 More devasting would be for those importing nations mostly those of  Africa, against this backdrop and in extension this can also have a significant effect on the price of bitcoin not performing high as investors have been predicting in anticipation to it's halving circle of a bull run as some actors are forecasting of an indeterminate impending ww3.

As you've identified, the poorest countries will always suffer in these wars - even if they are not the direct recipients of military action. Trade routes would start to shut down or be heavily affected. So-called developed countries would also suffer greatly because of that, but tend to have enough established resources that they would weather the storm a bit better. However I don't see it panning out like that, Iran and Israel will continue to hit each other at a low level, but the leadership in both countries knows it is suicidal to push things too far. Israel has nuclear weapons after all and if they feel like they are going to get wiped out, Iran will suffer the same fate too.
124  Economy / Gambling discussion / Re: Why do some people hide to gamble on: April 15, 2024, 06:41:29 PM
I was walking down my street this evening I saw some group of guys in a hidden corner of an uncompleted building playing WHOT games ordinarily I felt they are just spending usual time as friends and that they are playing the WHOT game to keep themselves busy while discussing.

But when I got closer to them I discovered that there was a dirty container close to them and inside the container is money they bet for the game they are playing , and if not careful observed you will never believe that they are playing bet games .

My curiosity led me closer to them I was interacting with one of them and at same time observing what they are doing , one thing I observed was that they stake with huge amount and they don’t give you change even when your money requires change instead you will use it and bet for another round.

So at this point I decided to bring it here to know or see different views from different intellects here on why do some people hide just to gamble or if it is the best way to gamble ?.

Many people still hold bad ideas about gambling and let's face it, there is a huge lack of self control in the world today which translates into a large amount of people who have picked up a gambling habit. Many people cannot gamble in moderation, they take it too far and keep going until their bank account is looking much less healthy than when they started. It also draws in and traps people who have the least amount of money to begin with. It's understandable that people have got a dim view of gambling, especially when you see them making huge profits - look at Bet365 for example, pulling in hundreds of millions in a single year for the owner, and all that money came out of the pockets of the average person.
125  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: April 14, 2024, 08:04:52 PM
It's fun guys, govs hardly avoid accepting Bitcoin is money, but when it comes to gambling then users are risking money, so, casinos need a license.

Let's be honest, If you can deposit, wager, and withdraw. I don't see where the license is in the process...

Just want to say Fuck Curaçao, the island in the middle of nowhere who decide to take the crypto gambling industry in their hands and make billions of dollars with it. Who the fuck they are to wash money this way?

Crypto gambling needs freedom, and i insist in this point. If you can Deposit, Wager and Widrawal, then you don't need anything else.  And a big shout out to those casinos who still working until now without a license, freebitco.in, Just-Dice.com, bustabit.com... They are big examples of how crypto gambling should be.

You seem completely clueless about how the industry works and who is actually making billions of dollars. Curacao is just selling licenses and probably making in the tens of thousands a year per casino, they are not involved in channeling the casino money in any way and that is an entirely distinct part of the operation that they have zero influence over. None of the casinos are sending money through this tiny island in any format and the government there does not wash money as you strangely think. The license is way for these casinos to claim jurisdiction in one location so they are not susceptible to certain regulators in other countries, but your anger is certainly misguided and you should do more research before making bizarre claims like that.
126  Economy / Economics / Re: If being a graduate is the key to being wealthy, why are there poor graduates? on: April 14, 2024, 06:55:42 PM
First off, I must say that Education is very good and i don't dispute the fact that it's very vital and necessary for human development, it can put you in a position to be successful no doubt but being a graduate is not a 100% guarantee for one to be very wealthy, one can be very sound academically but lack some basic skills of acquiring wealth. Also one can still have some good knowledge of certain skills but if there's no zeal or self confidence in earning a living through it then your education on those skills can be said to be a waste since you ain't making effort to earn from it.

 Also I've heard several people complain about having good grades, being 1st class graduates but find it difficult to secure good paying jobs, imagine someone struggling to achieve good grades in the university but find it difficult to earn a living and at the end settle for minor jobs while there are many dropouts with good skillsets as well as being creative and think outside the box, and are bosses of big organisations and companies.

 Well it's not basically about being educated or graduating with the best grades that makes you wealthy, it's about determination, being consistent and also persistent cause success and wealth are not achieved in one day or immediately after graduating. In as much as you have good grades, you must still improve your skills, not only job skills, marketing or management skills but your critical thinking and problem solving skills.

The education machine in many countries has been infected by the constant corporate pressure to monetize every single aspect of peoples lives. There is always going to be a degree of money management required in the education system, but we may be seeing the balance tipping towards making colleges and universities more about profit generation than only seeking the best needs for the younger generations to learn from. Of course in this market salaries will be competitive at the top end, like any work environment, so there is always going to be competition for the best teachers and resources which requires raising money, but it puts such a heavy burden on the youngest minds that can be a very bad way to start in life - may more research needs to be done on that cost benefit analysis.
127  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: April 14, 2024, 06:50:06 PM
I’ve been on losing streak for almost 3 weeks of gambling, not daily but in random basis for over 3 weeks. Mostly I play only live blackjack using small bankroll around 50$ to 100$  . No matter what I do, slow play or whatever betting strategy makes me lose since dealer card is always so good around 90% of my game.

What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.

In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.



In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?

All your wins and losses can be specifically engineered by a casino with the intention of drawing you in to extra play. Casinos know that people form habits connected with wins on slot games - all those special side games, fancy bonuses, wild noises and other stuff are designed to fire off the happy chemicals in your brain with the aim of creating a habit. If you are always losing money, then you will never return to their website, so it's in their interest to make it seem like you have a few winning sessions, that way you'll feel more comfortable pouring much more back in. However if you only have one winning session out of every 3, you'll ultimately be feeding their huge profits every year.
128  Economy / Economics / Re: Prioritizing strong foundation over quick gains on: April 14, 2024, 05:36:43 PM
The desire to see quick results of our efforts can be very tempting and some folks in a bid to get results would normally prefer shortcuts to get wealth over following the real process that involves investing time, effort, and resources into developing skills, building relationships, and creating value in themselves that will lead to a sustainable long term success.

Pursuing of quick gains will only push you into getting involved in get rich quick schemes and activities that only guarantee short term incentives and wouldn't allow you invest and develop yourself. It's one of the reasons why people prefer to diversify thier investment into meme coins and other short termed project because they are just after possible immediate results rather than focusing their investment in an asset like Bitcoin  that's known to grow steadily overtime or alternatively investing in themselves which is a sure way to increase your value in the long run.

Setting out strong foundation that's aimed at supporting long term gain is the best thing you can do for yourself and regardless of the fact that you might not be getting quick results like short term investors and individuals, the benefit that comes with long term investment in the right thing  will always supercede any quick gain that's mostly for short sighted individuals.

This is one thing you often learn to appreciate as you grow older. It's fine to take and make plenty of financial mistakes when you're in your early years - sometimes people strike it lucky, just look at the massive rise in the price of Bitcoin as an example of that. However the older you get, the more you need to think about investing today so you will be prepared for the long haul many years from now. The effect of compounding is what largely contributes to gains in the stock market for example, as long as all your money is reinvesting over time - either from dividends or companies plowing their profits back in each year. The key is time and patience however, it can take a couple decades before you truly start to appreciate how important that part is.
129  Economy / Gambling discussion / Re: Understanding the Legality and Myth of Card Counting in Blackjack on: April 13, 2024, 03:41:15 PM
I have learned that card counting is legal in blackjack but casinos frown at it. Most casinos have a surveillance camera that watch each table to catch a player who caught counting cards. A player may be thrown out or banned from the casino if caught counting cards because there is a belief that it gives the player an edge. How true is this or this a myth? If for instance card counting is legal in the UK but outlawed by casinos doesn't it makes it illegal?

The problem is, most casinos are bristling with security cameras these days and blackjack is one of the few games it is possible for a customer to walk away from with a profit over the long term. That means the casinos know exactly where to spend a large part of their analysis, because they want an average player to still have a good time, but for it to remain profitable they have to figure out anyone who may be card counting. You can find countless documentaries out there that follow people and openly show what happens when they do this in casinos. They'll either get warned to change their betting patterns, nullifying the strategy, or they'll outright get escorted from the casino.
130  Economy / Gambling discussion / Re: Illegal Books on: April 13, 2024, 10:29:00 AM
There are a plethora of illegal books, many run by college students, young adults and even teens. How secure are these websites??
What I am really asking is how easy (possible) would it be to hack the site and change a users balance without being detected??

It's too broad a question and I'm not sure it's even at any significant scale. There might be the odd tech savvy youngster who would be capable and have any interest in setting up such a site, but it requires a huge amount of effort to make it all functional - a barrier that will stop 99.99% of people from doing it. There's also a range of ways to do it, such as using forum software like this - creating threads where people submit pool bets and then keep track of the outcomes in a more secure place like google spreadsheet. You're very unlikely to find many instances of small scale sites getting popular enough and feature rich enough to be holding balances, as there is a lot of infrastructure required behind the scenes for that - but generally, yes, they would be hackable in all sorts of ways.
131  Economy / Economics / Re: Play to earn model vs move to earn model. on: April 12, 2024, 11:09:56 PM
It is of course not as it used to be before when the talk of cryptocurrencies or the Blockchain network was a myth and everyone including me, wanted nothing to do with it, because it felt like a Ponzi scheme or the subject of cryptocurrency was just too complex and incomprehensible to understand.

How can they say money is invisible and decentralized and it can hardly be tracked and it can only be available online and has the same purchasing power as the fait we have grown accustomed to from birth; this was my thoughts until now having known better and understand to the point where I can say that in this world currently, the cryptocurrencies exchanges and the decentralized network use a 'play to earn model' which is different from the 'move to earn model' that apps offering same prices and rewards in tokens like Sweatcoin among others use.
This is the business strategy for most emerging and upgrading technology companies that have been created sinçe and before the bloom, acceptance, regulation and advancement in cryptocurrency and its investment.

Which model has been more beneficial to you, when you think of investing time and resources to earn a passive income?

Can the 'move to earn model' offered by a company like Sweatcoin, of whom are willing to pay tokens to users who have either sweated using the app while running or swimming, be a micro or macro solution to economic problems, if adopted on a large scale?

Or would this 'move to earn model' just follow its hype and fade into existence leaving cryptocurrencies to be the only better innovation that is much more helpful to the economy?

Your thoughts are welcomed!


As anyone else says, this is a minor side hustle at best and chasing scraps at worst - neither is particularly appealing when you've got a much larger source of income like a salary. Sometimes these new coins prove profitable if you get in and out at the right points in time, but it's much like winning the lottery. Make money while working out is simply a gimmick that will not last and has no basis. If you cannot see how you are earning money, then it's because you are the product and giving up your personal information - but these trash promotions aren't even focused around that, they are just trying to build a user base of people who might able to sell some worthless cryptocurrency on to another user before it implodes.
132  Economy / Gambling discussion / Re: Going all in and losing the bet on: April 12, 2024, 10:49:14 PM
I was just playing Hi-Lo, making small dollar bets, if it's 5 number card I select higher card and win, if it's 10 number then I go with 'low' and win.

Then I was greeted with Ace card, minimal possibility for equal card right (i.e, Ace), so I go all in, and guess what happens, the result is Ace means I lost the bet.

Then I have all sorts of thoughts blaming casino, like do they manipulate the result of the game when user goes all in. I am sure they are all fair, it's just that the possibility of losing the game may be minimal but it's never 0.

This is the problem with most gambling in general and could distinguish it from other high risk stakes like altcoins. If you go all in and lose, often for not very great returns, you have lost your money. It also doesn't make much sense for the house to give you better than 50 / 50 odds in any betting situation, so you'll always stand a greater chance of losing and the casino a greater chance of winning. Over the long run this will wipe you out. Unless you're playing a skill based game, which has natural variance built in but your influence should sway you into profit over the long term, then you really never stand a chance and it is simply a determination of how fast you will lose your money.
133  Economy / Economics / Re: Some attributing factors to the high cost of petroleum products in Nigeria on: April 11, 2024, 08:21:32 PM
Subsidy Removal:You know, when there's fuel subsidies, it means that the price of fuel is artificially lowered for consumers whereby our government absorb some production costs. But when this is no longer the same, distributors are are compensated anymore therefore leading to high cost of production and distribution hence, the effects on the final consumers.

Exchange rate fluctuation: When we imports high amounts of petroleum products from overseas and there is high differences in our exchange rate with dollar automatically the cost of importation increase which now affects the pump price of these products to the consumers.

Nevertheless, there are other factors that results to this increase as the case may be. Then from my own points of view, what is your opinion?...

You have a right to be annoyed with the government in this situation, because the problem they are actually ignoring is politicians are busy getting rich via back handers from oil companies. Who ship away vast amount of raw unprocessed oil while trickling in smaller amounts of refined products like petrol and diesel. What they really need to be doing is building out their refining capacity, so it can support the local population but they'd also earn more from selling these products that are not simply base chemicals. Unfortunately as subsidies have been around for such a long time and have become so ingrained, it requires teasing them away slowly or the populace will snap back against it.
134  Economy / Gambling discussion / Re: Is Gambling A Hobby? on: April 11, 2024, 08:10:05 PM
First of all I will like to define hobby in my own understanding. Something that one like to do always either for pleasure, leisure or entertainment. And example of hobbies which I know. Swimming which can be a game as well, reading which can also be a competition as " reading competition", and anything competition is a game, and sport. Sport can be someone hobby if the person love sports and like to partake in it. And that means something you partake that you have leisure and pleasure can be your hobby.

Why I brought this topic because someone told me here that https://bitcointalk.org/index.php?topic=5491756.msg63928115#msg63928115 gambling is not a hobby and from my viewpoint gambling can be a hobby for the addicted gamblers and that argument made me to do some research and I also came up with this Gambling can be a harmless hobby or a serious addiction. and also from another source again Gambling as a hobby is legitimate so long as it starts of as and remains a hobby, which means self-control in order to pursue a satisfactory result with a limited budget
And lot more.

Upon all those sources and explanation, I still need the community input on the argument to know if gambling is a HOBBY so that I and the person will understand more.
Cheers.

I think for some people gambling can be a hobby, but it depends on the viewpoint of the person who is doing it as there can be a few different ones. You might take it totally casually, where you know you're going to spend 50 bucks on the weekend and it was always planned to be your "fun money" entertainment - as long as you can limit yourself like that it's perfectly fine. Other people might attempt more thorough research, like picking out sports bets they think are mispriced and make a hobby of it that way. It's about knowing the boundaries of what you're doing that is important, otherwise you're just going to end up falling down a slippery road to addiction and you lose a large degree of control at that point.
135  Economy / Economics / Re: Governments and their irrelevant projects just to steal public funds on: April 10, 2024, 08:06:26 PM
What would make a government to rebrand their traditional currencies just to edit some graphic designs with excessive amounts of money bills involved to execute such project that doe not mean to brings more values to the currency neither does it boost the economy level of the nation?

Meanwhile such is been an undeveloped country which the implemented bill for such valueless project is big enough to create infrastructures with the potentials of building the masses with valuable skills and otherwise a national financial revenue.

Do we assume it is still one of the money laundering strategies that the government intentionally creates loopholes in other to steal the public funds? Because even after the implementations and execution of Such projects, the same governments clamours that the nation has run out of funds after giving accounts of those irrelevant executed projects.

The particular scenario you describe is often driven by two things: 1) an attempt to reduce counterfeit bills that circulate in the economy and 2) because all notes in the economy will also wear away over time and they need to be refreshed. Depending on the security measures that were put in place on older notes in some countries they are extremely vulnerable to fakes getting into the supply, so new notes are often a remedy with better security features. It can also be used to flush out cash heavy individuals who might otherwise be finding ways to avoid paying tax. The second part is the need to replace damaged and worn notes over time, so why not publish new designs with waves of new notes that enter the economy.
136  Economy / Gambling discussion / Re: Double your money and quite on: April 10, 2024, 07:08:35 PM
Hi everyone,

The way you play, which we can consider your playing strategy, plays an important role in determining your profit or loss, like other factors.

For me, when I play, I enter with the intention of double the amount of money and stop. This method may be followed by some people, and I do it sometimes. I determine the amount of money that I will gamble with, for example $100 and I try to get $200 and leave the casino or site if the plan worked  very well. If I am unlucky, once I lose $100, I will leave without adding a penny. What is interesting here is that even if I win, I stop and do not deviate from the scope of the plan. In such situations, especially when winning, the gambler may become greedy, and this may change the course of the game   .

What do you think of this method?
Is there anyone among you who does it?
Give us one of your winning strategies, of course if that is possible.

This is not a "winning strategy" or even much of a "strategy" at all. It's just wishful thinking and the same kind that infects every single gambler out there. Unless you are betting that single $100 in one go, each bet that you place will be facing ever diminishing odds that are working against you. If you were to bet that $100 in a single go, you would probably be more lucky than having 100 individual $1 bets, because of the way the statistics will work against you. Either way, it is inevitable that you will lose in the long run with this strategy, although through natural variance you might win using this method once or twice out of every 10 attempts - try keeping track when you try this and you'll see it failing a lot more often than wins.
137  Economy / Economics / Re: USA M2 supply has fallen by 1 Trillion in the last 2 years on: April 10, 2024, 06:49:13 PM
There have been a series of articles that have gone unnoticed by the bitcoin community, of course the titles are a bit to clickbaitish for my liking but still:

US money supply falling at fastest rate since 1930s

Quote
U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets.
Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors sit up and take notice - growth, asset prices and inflation could all weaken.

The problem with that title is that the record downturn pales in comparison with the previous growth, but still, the M2 supply went down from a record high of 21.7 trillion to 20.7 trillions, it's not much when you compared to the 3 trillion growth in just 4 months in 2020 but seems like the interest rates are finally kicking in and this will reduce further increase policies. The same thing stands for the EU where the M2 has also decreased in the same period by 0.3 trillion.

One thing is that Quantitative Tightening works, and the interest rates seem to have also worked, so what's in for the future, and more importantly, how will this affect Bitcoin?

There are some alarmist opinions, like
U.S. Money Supply Is Shrinking the Most Since the Great Depression. Is an Economic and Stock Market Meltdown on the Way?
while others take a more neutral tone:
US money supply falls at unprecedented rate, possibly cooling inflation

So, after a period of inflation is the US going straight to a period of deflation?
How would that affect Bitcoin since it never experienced deflation in its lifetime as it was born after the 2009-2009 events?

It's a good thing really, people can get very lazy when money is cheap and I'd much rather prefer a gradual decompression of the easy money through Covid or prior years, than a massive burst like we saw in the financial crisis. That excess money supply was fueling up a huge balloon of debt and this is discreetly letting all the air back out. You could have complained in the past that the central banks were often wrong and reactionary, but this would suggest that they are at least now fixing a problem they created. You can bet that a certain element of it is going to be related to China and Russia who have tried to extract the US dollar from their own foreign currency reserves, because it does give America a lot of leverage as it is.
138  Economy / Gambling / Re: QuitGamble.com - Free Help for Problem Gamblers on: April 10, 2024, 06:41:19 PM
Hi Everyone!
I wanted to share a project that I've been part of. 5 years ago, I changed course from being a casino affiliate to working with problem gambling. It's been a project full of challenges, happiness, tears, and fighting. I wanted to do something different, and I saw how many people struggle.

QuitGamble.com is an online platform and mobile app to help people with gambling problems. The platform is free to use, and members get access to:
  • Video Courses
  • Extensive Guides
  • A community with +6500 members
  • Chat, Forum and Support Groups
  • Mobile App

Everything on QuitGamble.com is built from a problem gambler's perspective. We don't talk about responsible gambling, which many other organizations who claim to work with problem gambling do. For us, there is no such thing as RG for someone with gambling problems. (Who would write about responsible drinking on a page for alcoholics?)

The website is available in English, Spanish, Swedish, French and Portuguese.

If you're curious about our project, please feel free to reach out. I would be happy to receive any feedback, both positive and negative. If you have a gambling problem, I would recommend you take a look at our how to stop gambling addiction guide. It's a step-by-step process that will put you on a new track.


Have a super day, everyone!

/Anders

I am curious about the number of 6,500 ex gamblers you claim to have in your community - especially as it has not updated in any form since November last year but it seems a bit made up in the first place. I'm all for helping gamblers, but at least gambling companies can tend to be open about what they're offering and that seems like a bit of a lie. It's such a strange name as well, while I am happy that you're part of a project that supports ex gamblers there are already quite a few preexisting solutions out there. Take this forum for example, it seems like a much more open design where people can see activity rather than trying to funnel people straight to download an app.
139  Economy / Economics / Re: Fix the money, Fix the world. on: April 09, 2024, 08:48:22 PM
The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.

The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.

I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.

You seem to have a warped definition of money and this mindset can often come from having little access to it. However once you start to accrue money, by working hard to save and invest, then you start to get a different perspective on it. The government is not oppressing anyone using money, it's just a mechanism that helps smooth transactions so we don't have to use some weird barter type economy that would be much less efficient overall. Bitcoin is just another currency in among many that already exist, it had a different trait to it - being decentralized - but ultimately it is all based around the trust that people choose to put into it. If that trust evaporated tomorrow then the price would start to fall.
140  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: April 09, 2024, 08:33:07 PM
I’ve been on losing streak for almost 3 weeks of gambling, not daily but in random basis for over 3 weeks. Mostly I play only live blackjack using small bankroll around 50$ to 100$  . No matter what I do, slow play or whatever betting strategy makes me lose since dealer card is always so good around 90% of my game.

What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.

In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.



In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?

I don't know how you think there can be any other future than losing at slot games, they tell you right up front that for every single play that you make - you're going to lose a certain amount of money on average. That means your bank roll will dwindle away to zero if given enough time. You cannot beat the simple math that is constantly going on behind the scenes, every single time you play a slot game the odds reset to zero and the casino doesn't owe you any sort of wins - in fact they get rich because you lose. They do the same thing on a massive scale, taking money out of the pockets of people who deposit and putting it into their own accounts. Only when you realize that will you break free.
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