Gambling can really ruin lives. I know a few people who were acquaintances who are addicted to gambling and thus ruined their life. It may be a hearsay to you, but it's really happening. Gambling addiction and consequences are real. If you don't believe it because it hasn't happen to you or to anyone you know of, then consider yourself lucky. Because no sane person would want to experience the harsh repercussions of gambling dependency such as having financial debts, ruined relationship with loved ones, and having bad credit history due to mismanagement of funds.

I've also read many confessions about their gambling addiction and how it destroyed their lives in different instances. There were people also asking for help and advices on how to combat it and how to quit successfully. There's more to it than you think. Although these things aren't developed overnight, so it's most of the time a you-error. And if you don't want this to happen to your kids or to your nephews or nieces, then you should at least do not let them be involved in gambling and tell them the cons of it once they reach a certain age to distinguish whether it's worth the risk or not.

Based on my observations back then when my father was still actively betting in lottery, he tends to bet for 2 number combination whenever he gets the news that the winning prize skyrocketed. One number combination included the numbers he is 'taking care of' which were our birth dates, and the other one just a random number combination which he felt like betting on. And that became his tradition way back which for me, is a waste of money, time, and effort since he'll always go to lottery ticketing shop after work which could be alloted for relaxing at home instead. But I can't really blame him and force him my beliefs since after all, it's his money, and he knows what he's doing.

Having numerous entries will certainly increase your winning chances, however, it will only do so little considering the number of combinations there is in order to win the jackpot prize. It's really just pure luck when it comes to lottery.

There's really no safer platform when it comes to gambling especially if the person is addicted or dependent in it. Whether online or offline, people who want to bet and play will find a way to access the casino games to satisfy his urge. Although for sure, accessibility also plays a role, but it isn't the sole determinant of the decision of the player to either play or do other things. Losing and winning isn't also much dependent on the setting, unless you are much more inclined in doing the one over the other which dictates your comfortability and mood that could possibly set how you play. In the end, it all boils in discipline. On how you will behave in online and offline scenarios. Because some of the factors that can lead you to gamble more on offline can be used online too and vice-versa.

Indeed. Social class won't determine the number of losses, the total funds lost, and the total profit a gambler can make. It really depends on the person's strategy, skills, known information, funds at stake, and luck. So it will really vary. Some people who are excessively gambling regardless of the social status will definitely lose more because of impulsive and irresponsible gambling habits. Meanwhile, those who are disciplined and have control in gambling expenditures will lose less because they can fight their urge to nonchalantly burn their money.

This will depends on how you're confident about your technical analysis and what kind of position you entered in trading.

Though in general, I definitely agree that you need to cut losses in order to prevent your capital from being liquidated too much. Receiving a love letter from your exchanger is pretty depressing and frustrating especially if you're a newbie and chasing your losses instead of stopping for a while and do some research about what you did wrong.

It really depends on the person's discipline and sense of responsibility. Some people do not really have the discipline that's why they keep on gambling even though there's no direction and projected positive outcome for them. Which results to being dependent and addicted in gambling and even ruining other people's lives just like what happened to Mst.wagdan$.

I hope you take this challenge as a lesson for you to do better in life. Your father's mistakes do not define you or how your life will turn out to be in the next few years. You can change your path to be the best version of yourself by being responsible in everything that you will do especially in making heavy decisions in life.

It's not really other people's responsibility to tiptoe around someone who is experiencing their lowest of lows. But it could really help if people would be mindful about what they are posting online and sharing in personal. It would depend on the reader and the receiver of the message if he or she will take it as an inspiration to do better or to continue gambling impulsively because of the possible benefits.

Putting the disclaimer such as the benefits and the disadvantages in your story will definitely play a part to let people know that you didn't success just because of pure luck. It comes with skills and strategies too. Letting them be aware of the hard work you put into it as well as the consequences might let them think twice before gambling. In this case it could make your story a good basis to weigh their choices on either joining or not.

In my case, I don't overspend my money on the things that I only wanted, I always prioritize my needs.

Investing in cryptocurrency or stocks won't help you either, because the market is very unpredictable. I believe investing your money in a small business is much better if you wanted to earn profit daily, because investing in cryptocurrency is good for the long run, not in risking it for short term investment to survive hyperinflation. Just make sure that the business you're going to put up is very high in demand, like selling basic necessities in home, food is the number one on the list.

A very good list of advice you got.

Budgeting is very important, especially if you have your own family, to avoid spending it on unnecessary things. What I mean by unnecessary things are those things that we only wanted, which would not benefit anything in your household. It also help for us not to overspend it, and to visualize how much we should spend and how much we could save.

Budgeting should be practice as early as possible, to save money and spend it on things that would benefit us in the long run.

That's gonna be a hard one.

If you're not legal yet to work, I suggest finish your study if you're still studying and look for a job to earn money. But if you're not studying because your parents can't afford to send you to school, then waiting for the right age to work is your only hope, especially if the law in your place don't tolerate child labor, even the side hustles job.

 It's a waiting game, and probably you're gonna get bored and overthink a lot of things like missing the opportunities to buy Bitcoin or other crypto, but being patient is your only hope.

What a nice gift for yourself before this year ends OP.

Just make sure you stored it in a wallet where you have your own private keys. Don't put it in a certain exchange platform for too long if you're not going to use it in trading. Also, don't let anyone else see or copy your private keys, because they might steal it and you'll regret it when that happens (let's hope not). Avoid panic selling and being FOMO. Good luck on your cryptocurrency journey.

Correct.

I mean, there's nothing wrong to give miners profit from time to time since they also deserve it. We just have to make every transaction worth the transaction fee so we can save money as much as possible. It's not worth it to transfer bitcoin to another wallet in which transaction fee is much bigger than the amount of bitcoin that's going to be transfer.

I agree.

Though, having some insights from other sources is not that bad because it can help you to broaden up the possiblity of a certain coin, either it's good to short or long, something like that. Totally relying to others technical analysis and fundamentals is not a good thing though, there's no growth their, since you're like a parasite living through a host, without it, you're nothing.

For me, an independent trader will always make good profits in the long run, even though losses can't be avoided in the process of enhancing skills in trading.

Why bother to regret what your friend did if he has the money to buy whatever car he wanted.

If you're regretting the fact that if it was you who has $28M and you would've spent it on bitcoin and Ethereum, then start earning your own money so you can afford what your friend can afford. It looks like you're jealous about your friend's new car while you're in your room spouting words about him that he should've done better, like giving you that $28M and invested it in cryptocurrency.

Taking a loan from any local banks needs a lot of legal documents, especially you need to have a job that is qualify for their loan. Banks won't give you anything unless they can verify that your job and your other background information can pay the interest of the loan you're going to take, if not, they will simply reject your loan application for them.

Because it doesn't make any sense on how they will give you the loan if you can't pay its interest, you're just going to be broke or might end up losing some of your properties just to settle down the loan.

It's not right to point fingers to others when you hold the last decision whether to bet or not to. If you were influenced by their suggestion, then it turns out to be a bad advice, just take it from there as a learning lesson for you. Think that you paid for that lesson and do better next time by doing your own research and not basing what you will do, to what others told you. After all, it's not as if they hold a gun against your temple to make you bet for what they have said. If no one forced you, then you are liable for it.

If ever the government will ban gambling, people who want to gamble will eventually find a way to access gambling sites and casinos. They will just be creative in accessing those without the authorities ever finding out about it. People are stubborn especially if they are really that interested and hooked up in betting and playing, they will find ways regardless. It's not as if it will really solve the problem by prohibiting people,  it could only be a band-aid solution while the dependency in addiction haven't been addressed yet.

Indeed, gambling is someone's responsibility and not anyone else's. If they don't want to suffer the consequences, then they must do themselves a favor of not spending too much time and money in it. Addiction doesn't just occur instantly, it is a bad habit built over time. So staying away and choosing yourself  and your sanity will  save you from it. Limiting the engagement by not feeding your thirst to it will prevent you from being addicted. 

If you are gambling for fun alone and not for profit, then it's possible that you can still have entertainment despite losing some. Although for sure disappointment will be felt along the way. But you can easily shrug it off because you don't mind about it so much unlike other people. It will just be a bonus and a reward if you will win. And of course, the joy will be unmeasurable if you will win in betting. Feeling ecstatic because of winning will hit different. After all, who wouldn't want to win if there's a chance right?

Gambling will be fun and satisfying if you got in because you just want to release your stress and achieve cheap dopamine by just betting and playing, regardless of the outcome.

Well, this depends entirely on you, your discipline, and your time allotment for each task you have in a day. If you are a working person, it's best to limit your gambling time to a duration where you can enjoy, relax, have fun, and maybe profit on the side without spending more than an hour or two. This is because your job alone is exhausting, probably the commute or travel to and fro your house to office. An hour or two playing and betting, in my opinion is already enough to de-stress and to reward yourself for doing  good job for the day. With this, you can still allot some of your time in doing and helping to some house chores. Probably play with your kids or pets. Or if you don't have one, talking to your spouse or parents about your day. And if you don't have one because you live alone, you can do something more valuable to your spare time such as alloting it to your side hustles.

There's no specific time because it will totally depend on you and your circumstances, but it shouldn't be too much to the point that you will disregard your responsibilities just to play.

I guess it really varies on what's your personality type and what you prefer doing. It's really draining and tiring to do things that you don't really like just for the sake of doing it for money. It will exhaust you if you find no reason to love what you are doing and it will become just a chore to you instead of fulfilling you. If you are introvert, affiliate programs might drain your energy because it involves marketing to different people and encouraging them to use your link or code to earn a small commission. If you are not fun of small talks to encourage one to join, it might not be suitable for you and eventually will make you quit. Hopefully though, you already found out which path to take and is happy and peaceful with it.