Hmm, all of 4 points you have said are correct. We would be in one or all of those points if we tell people about our big wins in gambling. Personally i also didn't like to expose my winning to all people, so to avoid those and might be there are other things, it's better to us to keep it for ourselves.
I only gamble online, so don't worry about sharing big wins. sometimes I tell the community about big wins, and I share with them because one day when I don't have money and they get big wins, they will also share with me. this is what I do when I get a big win. they don't know personally or my home address, so I'm sure nothing will happen. Great, but you still need to be careful in sharing big wins because I think if someone jealous of your big win, they will curious, and they will search how much your winning. As long as we can make sure that there are no other people who will know where we lived, we can share with them. But I think some people will keep his winning from other people, especially in the community because he doesn't want to buy a drink to celebrate it with his friends  jealousy is certain. but there is one thing that in my opinion, maybe everyone does not like this. When you talk about big wins, there will be lots of people who suddenly approach you with the aim of money and then they borrow money from you. You know when they borrow money, returning it is impossible. Borrowing money is not bad as far as you are capable of returning the amount. Issue begins when you have no confirmed source of money and you are still borrowing money. as far as the person who is lending money is concerned, he shall only lend money to those who he knows and never ever lend strangers large money because they most of the times are gambling addicts and lose borrowed money in bets. |
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Even the World Bank and famous agencies that apparently work for the welfare of people are not always and totally involved in the charity cause. They have their own political and economical causes and concerns. Same is the case with banks. Banks are there to in some cases help out poor instead they still look for their benefits in such activities. This is the reason why they fear cryptos because crypto will not let them control money.
Well they should be fear at all, banks are the most greedy company we really have in our life, they are just after what they can have for you, they are not really helping the commmunity, everything about them is all about the money and for their own interest and just giving a very low interest rate for entrusting your money to them. I really feel amazed when hear people saying that this bank has nice policies and they are offering high interest rate. This all is bullshit. There is no bank in the world which is working for the welfare of community even the World Bank which gives loans to different countries is sitting there to hold economy of poor countries and they always put high interest rates on them. Banks are awful. |
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Honestly been a silent earner is safe but i actually praise those who tell people how much they make from bounties, its kinda movitation to me not to quick as well as others too
I am always urging successful traders to share their tips and strategies with newbies so that they can learn from their experiences. We need to help them in order to increase users of crypto currencies because the more users we have, the more investment we have in the market which is ultimately great for all of us. Being the veterans of this market, old traders have a moral responsibility of guiding them. |
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Forget about quick get rich schemes. It used to be skype groups now its telegram and then there will be some other 'private' circles type of gatherings. Not worth it. They are scammers, and if some of them are not, its not worth your time to try find them lol
The Google is full of reviews and articles that are depicting crypto pump island as scam and there are so many reasons for it. Instead there are many other great and legit groups for cryptos that shall be used if you are interested in crypto signal groups such as safe trading, the locker room etc. they got nice reviews and no one has reported scamming. The one you are quoting does not support margin trading; it does not have any bots and so on. |
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Why do government always make a hard time for cryptocurrency fanatics and supporters? I think because ig is really a silent threat for government. A kind of threat that didn't bring harm to the citizens but preventinvg government to be corrupt. As soon as people embrace it no matter how many laws they will make for crypto banning, crypto will still arrive.
It is ultimately people who decide the future of everything in a state whether it be a law or any social reform or any new invention. Common people are enjoying investing into bitcoin and other genuine crypto projects and they are experiencing financial freedom totally different from the one they were enjoying under government influence. I agree with you that government cannot stop cryptos if people don’t want it. |
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snip..
I added a little.. many game choices, unique games and speed in processing withdrawals is also important. many people move from one gambling site to another gambling site because of problems when withdrawing, this is one of the keys of user trust. But such things do not attract the cockroaches to come to that casino, but one reason to leave the casino. I would say that it is very important and fundamental that he can win on that online site, not that he is programmed to take everything from us. Then it's not interesting, but when it gives people it draws. how can you assure winnings?does it mean if a person did not happen to win in particular casino site then he must leave and find another one that will feed him some wins?you are impossible mate because casino are designed for the owner to win and not the players,thought there comes a chance that gamblers might win but this is smaller part than the owner will. Gambling is a business for the casinos owners. They have nothing to do with the winnings of players. They rather want gamblers to lose because in this way, house makes more money. Casino owners are capable of manipulating results and they are ones who at times will let you win few bets so that you don’t leave house. Even your wins are to serve them simply. The gambling is not entertainment for owners. |
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In my opinion I don't think that a serious gambler will be able to count all the loses made, speculations might just be the case about how much that has been spent, as for me I can't count my loses, although I know it's huge, likewise I can't count my winnings because I've got a couple of wins, only the Winning with huge amount that I can easily recall A "serious" gambler can mean both an addicted money-burner or a diligent gambler who takes care of the bankroll management and plays accordingly. What you describe is the first one. Although its debatable the second group of gamblers also exist. They would be calm and composed to not waste more than 10% of their bankroll and stop when they lose it without trying to chase the loss. This might seem difficult and it essentially is because one has to master their emotions to be able to do this. Moreover one who can do so would not be a gambler anymore.  This depends on your own mindset like how you describe successful gamblers based on your own experiences. The thing is few people are indeed positive type of gamblers who stay calm under both scenarios i.e. whether they lose or win. They don’t lose patience nor become greedy. We cannot consider all winners diligent because yes some are there only for money and they become greedy with every win. |
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In my own opinion, since cryptocurrency is decentralized there would be a problem when everyone in the world have converted to cryptocurrency because taxes would be no more, so there would be lack of funds on making projects or establishments such as bridges, schools, hospitals, roads, highways, and etc.
Government will simply find ways to put taxes on it or they will surly come up with a plan to get details of your crypto savings. Government could come up with their own site for wallets ultimately having your all information. So no projects will stop even if everyone is dealing in crypto currencies. If all buying and selling will be in crypto currencies, how people will be able to avoid taxes. |
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There are mixed opinions regarding trading. There are people who do short trading and are still profitable and there are HODLers who are also anti-trading (trading for short term). If you are going to opt short term trading you need to master skills of that first. As there are is no margin of error in short term trading.
There are two major types of trading i.e. short term trading and long term trading. The selection of the type by trader depends on many factors such as the time availability, money, the crypto currencies he is using to trade with and most importantly his skills along with control over emotions. Day trading or short term trading is not for those who panic easily. It is for those who stay composed under stress. Long term trading is the easiest one. Although day trading is easier than short term or day trading but maximum of the money traders makes from former type. The profit from day trading is though much less as compared to long term trading but is constant. You don’t have to wait a lot for your profits. With altcoins I like going for day trading but with big coin such as bitcoin, I prefer always long term trading because that pays you off well. |
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Maybe there are people who live from gambling, surely he is very professional and has mastered all kinds of games. People who live by gambling usually live in a gambling environment. Yes it could be in the city of Las Vegas, maybe in that city there are people who live from gambling, because the population there almost all of them already know gambling.
lol that is impossible to master all of the games in gambling,even professionals has only skills on their chosen games and not the entire gambling world. and it is not only in Las Vegas instead even in asia there is someone that is living with their profit in gambling. No one could be jack of all trades and as far as mastering gambling is concerned, it is really impossible. As you stated, gambling has so many types besides it is a luck based game and there is no one born with abilities to control fate. Yes you can master in sports betting because that is a type which needs your previous knowledge and experience but this is not the case with dice games. |
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The main purpose of gambling is entertainment and to earn money but sad to say not everyone wins so many of us losses every day. But if you lose there is someone that wins and you are making someone happy. And gambling is not always to make more money sometimes it will drain your money with nothing left and it is not fun at all if you don't have a lot of money to bet. Just bet what you can afford to lose.
Gambling is not to earn money but it is to risk your money for more money. Earn for me means that you can do it without risking your money but in general gambling is taking a risk of your money to double it or even more. Gambling for entertainment is always better, if we have thia kind of mindset then gambling wont give bad effects to our life but if we think that gambling is to double our money then we will get the worst eventually. The real problem with people who gamble is this that they forget the major purpose of gambling. The problems begin when you don’t understand the purpose of it. As you said if a gambler has objectives of making money by shortcut, indeed the guy is going to face some major losses sooner or later. But if it is just for the sake of entertainment, there will not be any serious issues. Gambling shall never be used as a source of money. |
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The answer is partially yes because stupid people can make inherit money/properties/assets or win a lottery but there are 99% chances that the money shall soon leave them or they shall soon loose all the money to the wiser folks.
Nowadays, a large majority of the billionaires are those who inherited their wealth. Examples range from Mohammad bin Salman of Saudi Arabia and Gina Reinhart of Australia to the current president of the United States (Donald Trump). A few such as Mark Zuckerberg and Sergey Brin have managed to make a fortune for themselves. But the number of such individuals are not increasing. Yes, only a few make it to the top. But there several young who are innovative and you can see their enthusiasm to succeed. I hope that the government of any country will continue to mould the young minds and support as possible to give these young a break to succeed. Yes, the government should support that young generation who wants to make their future even brighter with crypto coins. Poor people need money to invest but when they invest at the wrong time it makes them pay only buy no profit. Better keep gates of investment open and available for people of a country so they will rock their investment profitably. Governments have this responsibility of creating avenues of investment for young people who are full of beans to make their futures brighter by utilizing latest technologies. Crypto currencies are the future of the world and people are eager to learn about this technology. Those governments who are helping their young ones in this regard are the ones who will be ruling crypto world in the near future. There is no doubt in this fact that digital currencies are the future monetary system of the world and they would be gradually legalized all over the world as more awareness spreads about them. Governments shall try to keep their young ones updated about latest trends of the world so that they become better citizens of future and are able to deal with future challenges effectively. Teaching about cryptos will prepare young people for better future. |
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I'm around $5,000 in debt, started using credit cards to keep my money in Crypto. Didn't have a job, so that should lower the average a bit. But I'm getting there and hopefully in a few months I could start saving again. As far as the coins I have, they're pretty much worthless. Not even enough volume for anything.
This is really sad to know that you are in debt of such a big amount. If you have a collection of useless coins, I will suggest you to sell them off or simply get rid of them and try to earn bitcoin or worthy altcoins that have nice history of profits. You shall also search for some day job. Try working at some restaurant, in office etc. in order to at least earn something that you can invest into big coins and make money. |
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Crypto scams are far from being over and I put the blame of this on investors only. They are the one who blindly invest in scam projects without doing any research and these scams will continue to happen if we are not willing to invest our time and efforts in analyzing the project prior to investing in it.
This is really a fault on the part of investors as they are incapable of selecting real projects for their investments and end up with scams. Before investing our hard earned money into crypto projects, we shall at least check reviews about it on the famous forums or crypto sites. I never try to invest into newly launched projects because of doubts on its credibility. I simply prefer going with few months old projects. |
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Let's say that Bitcoin takes the place of the USD within 10 years and see what the energy consumption of the bitcoin network will be. facts: - USD "M2" money supply in 2009: 8E12 USD ( http://money.howstuffworks.com/how-much-money-is-in-the-world.htm) - in 2023 there will be 19E6 BTC. Mining will be honoured with 6.25 BTC/10min => 329'000 BTC/y ( https://en.bitcoin.it/wiki/Controlled_supply) assumptions: - BTC takes the place of USD => one BTC will be worth 421'053$ (of course valuation of BTC will devaluate USD...but let's leave that aside.) - let's say 1kWh costs 10cts USD - all miners use the same recent technology. Or at least with equal efficiency in MH/J - people are not paying significant transaction fees by 2023 (the more people will pay fees, the higher the resulting profitable global energy consumption) (edit) In a free market the following formula approximates energy consumption of any PoW based cryptocurrency:
GlobalEnergyConsumptionForMining ~= (MiningReward + TransactionFees) * bitcoinValueInUSD / EnergyCostInUSDperkWhSo mining would be profitable somewhere below an energy consumption of the bitcoin network of: break even price: 421'053$/BTC*329'000BTC/y = 139E9$/y equivalent energy: 1.39E12 kWh/y Today's global electricity consumption is around 20E12 kWh/y ( http://en.wikipedia.org/wiki/Electric_energy_consumption) This means that the bitcoin network by itself would raise global electricity consumption by up to 7%Please show me where I'm wrong! We could of course put this less dramatic: - in 2033 it would be 174E9 kWh/y - in 2100 it would be 2.65 GWh/y today we would be at 5MWh if all miners were using newest ASIC's ( https://en.bitcoin.it/wiki/Mining_hardware_comparison) (edit)CONCLUSIONS: - according to economical basics, energy consumption of the bitcoin network does not depend on mining gear efficiency!
- the problem described applies to every proof-of-work based currency (including Litecoin) because proof-of-work equals proof-of-energy-consumption at a market equilibrium
- bitcoin value is NOT directly backed by energy consumption. But mining rewards and transaction fees are.
- the slower the bitcoin value rises and the lower the transaction fees, the lower the energy consumption of the bitcoin network on the long run
All the said things make sense but you should also think that all the growing businesses require energy and every day our demand for energy is also increasing and the energy required by bitcoin Miners isn't that big amount at all. The politicians are making a big deal out of it, they are connecting bitcoin mining with rising climate temperature and also global warming which isn't true at all. This is the lamest thing that I have come across today on internet. If governments are really concerned about weather changes and global warming, they shall focus on planting trees and work on projects that help in the purification of air and reduce CFCs in the air. Bitcoin mining is not damaging climate at all as compared to the waste that comes out from ammunition companies and nuclear weapon plants. |
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Depending on the standard of living of each person. Different countries have different living standards, so I think everyone will set a different goal. I set a goal for myself to try to get 30 BTC before age 30, and my economic condition is not so good to implement it so smoothly so I'm still working hard to get it.
People as per expectation may want to have as many as possible and with current rate at 7.3k if it rises to 20k + it will be more helpful for people as their value will rise automatically of whatever the no of btc they may have it . Bitcoin is a virtual investment and we all know the real worth of it. It though takes time but ultimately you make gigantic amount of profits during pumps. The number of bitcoin that you have is never enough because there are only 21 million bitcoin in total and everyone in the world is competing for them. Moreover the more bitcoin you have the more chances you have of becoming rich during pumps. |
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I am one of them. I'm converting half of my savings into crypto but I limit my investments into popular cryptos and IEOs from trusted exchanges. I resist selling for small price changes and haven't had a loss for last 6 months though the prices of crypto decreased in the time.
If you have invested in good projects then definitely, you won’t be disappointed by digital coin market but with weak coins, things can turn out to be a little bit different. Investing half of your savings into crypto currencies was a very wise decision from you. Moreover, if you are not holding bitcoin at the moment then this coin should be invested in first. Bitcoin is the real game in digital currencies. |
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Hey, guys! Check this video where Tone Vays shares his opinion on future of Bitcoin's price. He considers that BTC will fall to $5k and will start growing just after that. https://www.youtube.com/watch?v=qABFMlxnmFAThere will always be "famous" crypto people who will tell the same stuff, just recently someone said bitcoin will be $20-$25k as well but now another person is saying it will be $5k, it is quite chaotic when you go into what the "famous" people say. I am saying "famous" instead of famous because these people have no other connection to real world aside from crypto world, they are not know by 99%+ of the people in the world so what they say doesn't carry any weight if you ask me. Tone could be bearish, he could be bullish and it wouldn't matter, just because he said something doesn't mean it is a good prediction. Could what he said turn out to be true? It could be but it won't happen because he knew it beforehand, he just made up a prediction and could happen to be right this time. Listening to others can be beneficial but following them does not make any sense because that would be more like, they are living your life too. People who make such predictions do have some point in their words but still no one can predict the actual values of Bitcoin’s pumps or dumps. The market is bearish at the moment and expected to rise after halving. It is common sense which action is to be taken during what time. |
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can't choose one because it's obvious I'm currently holding bitcoin and altcoin. and the answers of the people here also definitely choose to do both. okay, cheap altcoin can be bought in large quantities but if bitcoin continues to fall, it is useless to hold altcoin. it's safer to hold bitcoin but it will definitely feel something is lacking to hold, so buy altcoin to hold. if you can trade, it is better than doing long term hold.
All successful traders or crypto holders are seen utilizing both altcoins and bitcoin in order not to miss any opportunity of making good money. there is no doubt that bitcoin is the leading force and altcoins follow its trends but altcoins are good for day trading and making small profits on daily basis whereas bitcoin is used for collecting large money after some good time of holding. |
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If someone bet and he suffers a big loss and then goes here to ask a little help from you, are you willing to give him help?
Have you ever experienced something like that, how do you deal with this loss?
I'll definitely not give help, he should have thought first before betting all his money that he will need money for his needs, this kind of gamblers are reckless drivers who never give a second thought if what will happen to him if he loses, no wonder they always end up taking a loan from a loan shark These loan sharks are dreadful and horrible. They go to any extends in order to get back their money within limited time span. The biggest mistake gamblers commit which leads to bankruptcy is taking loan for betting. People show no mercy to gamblers because as per them, gambler is and was responsible for all his actions and shall have thought about consequences beforehand. Nobody likes helping them. |
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