I just want to ask how would you know if a person is suffering from gambling addiction. Can you guys tell me the signs of it?
Its not really hard to figure it out. If a person is ready to gamble even after losing all he had before some time, or if a person cannot do anything else until he gambles some of his money, or if a person is ready to sell anything for the sake of gambling the amount, it means the person is suffering from the addiction of gambling. The symptoms must be same. But some players will play gambling every day but they will they are not addicted to gambling. in some condition we have to accept this because they are not addicted to losing money they will be addicted to playing games, and they can have control of their games. So here a bit difficult to find out who are addicted and who are not. But in one condition we can believe that they are addicted which is means if any one started to sell his assets to play gambling than 100% sure he/she is addicted to gambling. If someone keeps on repeating his action on daily basis, it is impossible that he does not become an addict. The only thing is that a person can control his activities and might stop gambling anytime he wants to because of his strong senses and self control but his mind would keep thinking about it for some days. An addict himself is not aware of his condition but the person around him can highlight such behavior easily. Anyone who is repeating a certain act means he cannot live without doing it. Gambling addicts also get so much involved in this game that they never realize it and once they do, it is too late. We must take a review of our whole day before sleeping. The moment when a person starts depending upon something to live, that is when he becomes a true addict of it. People fall easily for wrong deeds. For the timely pleasure, they adopt ways which in long term can actually harm their health, relations or wealth. Gambling is like drug addiction, it destroys health and wealth. Recovering is very difficult but not impossible. |
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Whether its bitcoin trading or altcoin trading, there is bound to come a time when your investment is getting dumped badly, and its panic time.
How do you panic? Does that really make you panic and do you take decisions that you actually regretted later? Or do you keep calm and HODL?
What makes you panic and how do you react to it?
To panic when you are losing money from what you expected profit I think is normal. For me, I use to remain calm and hold until it crosses the percentage of stop lose which I believe I can no longer endure on my investment before I will now sell at lose. This is something which all the traders need to learn and understand as early as possible. Only then they can manage to earn a good amount of money and profit. I think there is no room for getting panic or losing your patience in the world of trading. The moment you lost your control on your nerves, you are going to suffer a big loss. So remain calm. Even you are calm the trades will going to affect your mind but as long as you can make profit thats it and its good better than to panic in terms pf panic buying or selling, always obaserve the market and analyze before making any moves . Some negative situations can be very shitty you know and it is normal to get scared a little but try as much as possible to quickly overcome it, make a good decision and move on. You are right that panic will not help and the only positive side to every negative one is your ability to learn from the mistakes you made and see how you can do it perfectly when it comes at you again. We all panic at some stage of our life because we all have fears. Humans can't run away from this as we have heart which is full of all type of emotions. Like you have said, it is normal to get frightened but what is important that a person must not make any decision when his feelings are ruling his senses. That's all. We become tough due to these feelings and fears are basically the alerts which warn us about the dangers before they really happen. |
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Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
We cannot predict what will happen so I can say maybe yes or no because the current time is the important and we enjoy what we earn and what we learned. Thinking a lot about future will destroy the present moments but we need to look at some important topics that have great influence on our lives. Digital currencies is the hot topic now and if you ask me, bitcoin will survive as long as this planet is going to stay alive. Every country will soon introduce its own crypto currency and bitcoin will be the most valued one and then it will be called digital gold. |
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Yes, it doesn't just have a future but it is exactly the future. We are making small steps right now towards its bright future and many people still don't know about it but we will just wake up one day that we are finally there.
The day where all people are using btc and fiat is out of the system.
That is true and I still have those great hopes too. Bitcoin is not just the future, but the innovative technology of blockchain is the real future. We cannot really know how things will change in the future, whether bitcoin will remain the usual first on the list currency or will just remain an asset while we use another digital currency for normal transactions, we can't say but one thing I know is that it has changed the way transactions are done and will even make it better as time goes on. I have been saying the same for few days now India and Dubai are planning to launch their own digital currency. China already has one. Slowly Slowly, all the countries are going to have their own local digital currency and the traditional money system will be wiped out. However, all these will be the centralized one and in abundunt amount so bitcoin will be the number one digital asset. It has a bright future. |
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I plan on amassing some more bitcoin and when the price doubles (might take a while) I will sell half (thus maintaining my initial investment) then convert the other half to fiat and use it to invest in the local market/start a business/build a home whichever seems like the right idea at the time.
I panned also to invest in local market, and some maybe for a retirement farm far from the city. Sustain a natural living off grid and enhancing solar and pursue natural farming. Also other half of bitcoin will stay on portfolio and I will hold it for a long time until I needed. Living in a countryside with fresh air and pure healthy food is a heaven on Earth. It is very wise to make a farm from the savings of bitcoin, innvesting in local market at the same time will also give good profits in future. I also want to have a peaceful life without any financial tension. Bitcoin can help me in that. I also plan to buy shares in some businesses or establish one. |
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So does this factor affect how you gamble?
If prices go up, do you lower you bets? For example, you normally bet 0.001 per bet, do you lower it to 0.0001 per bet?
If prices go down, do you place higher bets? For example, you normally bet 0.001 per bet, do you place higher bets like 0.01 per bet?
Yes I do, i always deposit my bitcoin to gambling site is around $100 per week if i lose it all i will deposit again next week but if i can run it i will not deposit. When the price go up, i will lower my deposit and when the price go down, i will deposit more. For each bet, still same and don't care about the price. You can buy a lot of food by these 100 dollars that you keep on saving in gambling sites every week and food is much better than gambling. You must be winning and losing. Also as you are a regular customer, you must be actually losing more because house always does this with such people. Don't you think your bitcoins are actually being wasted away and you can utilize them in some more beneficial way? Really I am just wondered and astonished with the people who are even gambling with bitcoins. It is not bad to even gamble with fiat but okay let it be a little foolish but why people are just wasting their entire bitcoin wallet just for gambling. They think by doing so, their bitcoins could be doubled? Seriously? They are just fools, fools who never get their money again. |
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Since im not adicted and i do play only at the places where you can claim for free some coins and gamble with them, the limits is just my patiente to claim or not, i dont like gamble and putting my money dreaming with a jackpot at all, soo i do limited my investment to 10 dollars and happens sometimes only.
That is super amazing if you are going with a limited plan to play and enjoy. I must say there should be a limit for everyone so that they would not be regretting later. Things don’t come in your pocket if you are in casino and enjoying the shine of easy money. Many people just lose their control and results are so disgusting, losing everything. |
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Also IOTA, Waves, SYS, XRP have a good potential in long term perspective
Like bitcoin, altcoin market is not such fantastic it is always advised not to go for long term trading in altcoins. Reason is the market is not much saturated as bitcoin and people are not much likely to trade in altcoins because of their low percentage in yielding profits. Short term investing and trading are amazing in altcoins so yeah go for it if you want to do so. |
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the transaction should fail because it is not a valid address. dont need to worry. check back later
With this reply of yours, you have definitely saved a soul because in situation like the one OP his, he must have been so ashamed of himself to have to created an account for that purpose. I cant imagine what is going on in him mind now especially if the fund involved is a huge amount. I actually didnt expect the transaction to go in the first place because they technology should have recognized that its a wrong token meant for something else and if that is not happening, then that is flaw in the design originally., Yes, and this is why step one of any transaction of size should be to first send a small test deposit to ensure everything is working as expected. This is even more true when you are new, but even for experienced people, it is easy to make a mistake. I would rather risk 1 small $10-$20 test transaction then end up losing $1,000's because of a silly mistake. Only for this reason, there are advices to all traders, whether they are expertise, the newbies or anyone that please do learn at best level to which you can afford to go. Learn the basics as well as some technicalities of bitcoin and especially about the transaction methods. So like you said, give a test drive of very small amount so that you can go for big transactions. |
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I would definitely but both because diversification is actually a good thing in Long term. I will divide my investment by 33% to Bitcoin, 33% to ethereum and the remaining 33% to different altcoins and ICO's.
I agree with your 33% of bitcoin and 33% for ETH but if you ask me to give you a sincere advice then brother don’t go for other altcoins or ICOs. They are not profitable even now so how can you imagine they will be profitable in next 5 years. Yeah ETH and bitcoin will have an amazing future so make it like 45% for each. Diversify your investment and have a great life. |
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Yes it is.
As far as it it risky and volatile - you can get higher profit.
Just dont let all eggs in one basket and diversify.
This one is something different I have seen around. Many people are taking about investing and trading in bitcoins but I agree with you. Don’t put everything in one coin, rather just divide the investment and make something amazing by impart every portion in different coins. Like you can trade in ETH and other altcoins and definitely bitcoins would be counted. |
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sir I think the counting time was 6 am |
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In my personal experience, I first heard of it 1 year ago in a online forum game, people sold gold for Bitcoins, around March, gave it no importance at first. Now im kinda utterly commited to it. Really an interest subject of study.
I first heard about bitcoin is to my friend. In that time, i experienced financial problem that i need to earn money for myself. My friend recommend me to earn bitcoin and generate my own money. At first i didnt believe him but then soon i realized that i need money so that i tried it. Today, im earning a small amount of bitcoin but someday i know i can earn a lot of bitcoin. That is alike story I have been into I have same fantastic friend who always talked about bitcoin, day and night. I was so irritated and then finally I got to know about it and I found it more than amazing to get into it and earn some handsome amount. Like you said, we all hope someday we all will be rich enough to not see the price tags during shopping. |
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It depends on how much i will win.decause i dont really gamble though sometimes i do and i put small amount for it.but if i win big amount..i will invest business that i preferred in which is restaurant.coz i love to cook and to manage as well.😂
It's a very good idea to invest in restaurant, I hope that one day, you will do that, and you will have a great restaurants to manage. In my case, if i win a huge amount of money. I will withdraw around 80% of them and use it to buy stuffs that i would so much, and the rest i will bet with it again. To earn more profits out of profits, it is wise to invest those profits. Most of us will want to have a reliable source of income and for this we will definitely make investments. The best business among all type of businesses is the food related one. People will never stop eating because they will die if they don't do so. Therefore, the chances of dooming are almost zero. I would invest in bitcoins. if you can divert your winnings into a much better venue of another ways to earned and that is the best decision spending your earnings, we want to have an stable income so we better to think wiser instead of spending your winnings better to invest you can try small business or you can deal with trading. If the winnings are some great amount, then we must spend it with care but if someone wins only ten dollars, he must simply go to a cafe and eat something. With a large amount, the best is to stand a business of your own so that there will be a constant source of income and with every earning, try to expand that umpire. This way, a person can have money for gambling without any fear but he may not have time |
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the same thing happens as when you have a nasty divorce and a fat pocket with a lot of money in it. if the ex finds out about it and can prove it, they take a part of it (of course depending on what country you live in and how the laws are there) and if they can't find out about it or prove it they can take nothing.
This will be definitely happening no matter what country you are living in. if you are going with an amazing fat wallet and you have divorced your wife she even don’t bother about you until she sees that one big wallet. Things can turn at 180 degrees because in current time, money is considered as everything. Relations are based on it so just leave your wallet when doing such things. |
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I think no. first of all bitcoin is Peoples money while fiat money is control by banks/governments so it wont lead bitcoin to corruption. we control our bitcoin but we can't control our fiat money because their are codes on it.
How can you say no? I think you are unaware of dark web and deep web and much other hidden things like them. There are ransoms, there are corruptions in banks, there are target killings and there is much more that comes under umbrella of moral or financial corruption. But that is the flip side of coin. It basically all depends on you how you deal it. |
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Gambling expert is that even a term or you made up simply saying no one can expert in gambling unless you are the owner it is impossible for anyone to make profit from gambling always. Online gambling is still fine i went to a casino knew the owner he told in a day no matter how much a gambler spends on 300$ can be received as a reward
i dont understand what you mean by that and i think being an expert is the one who able to manage to win even its already in a middle of losing everything he have inside the house, i'm sure no one can say that we are expert instead we are saying that we are just enjoying and aiming to win big. Right nobody can claim to win hundred percent of the time, especially not those players who are involved in dice, slots or roulette. I have just seen poker experts in my life and not many of them are actually expert. Mostly people like to boost about one or two overwhelming incidents. Even the real ones cannot win hundred percent of the time because no one can master luck. |
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Investing risk is a bit lower risk than gambling. So i suggest to invest.
Investing involves same risk as gambling because many people lose money this way also. If a person does not take care while choosing the asset in which he is going to invest, definitely he will face loss but spending money in the right place will make him rich much faster than gambling. Gambling is just a game and it cannot improve our capital so obviously, it is nowhere near to a good activity. |
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Trading and gambling are both fundamentally stochastic, that is unpredictable, and because of this they are often viewed negatively. We feel an “honest effort” has more predictability to it, and we may hold those who take too much risk in disdain. However, many who have tried their hand at a new business will attest to significant luck when successful. The goal of new wealth creation, and the time needed to develop a successful business, act to mitigate the risks involved. But then, traders and gamblers will often describe many years of practice before becoming successful.
No doubt both have risk and depend on future due to which it is not possible to make 100 percent correct predictions but a traders learn the art of knowing the unknown with the help of past experience whereas gamblers can't improve their prediction skills because they can't find a pattern in the outputs of random games like dice or slots. For me, both are totally different from each other. |
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Basically, in trading, buying some good coins and knowing the perfect timing in trading is very important. At first, when i have an extra money i will buy some coins without analyzing the situation until i realized lately the importance of analization be familiar with the graph, know the time to buy and sell.
In my trading experience i see ethereum as my best coin but try other coins that may provide you with grater profit.
i am agree with you and this is why we need to search and analyze what coins that will give us a chance to make profit. but if we only buy the coin without doing anything, then we are risk our money and the coins can get down in anytime. sometime our analysis is wrong and the price is going down too far and if this is happen, we can only cut loss but our bitcoin can not be the same like as we bought and the second choice is we can wait for another increasing the price. in poloniex and bittrex, i always see the price which is in down position before i decide if its good to buy or still go down. i will see the price first, if its suit with my expectation, i will buy it. in bittrex, i think there is many coin we can buy the coins like strat, adx, xcp, pkb, nxc but we need to analyze more deep so we can know the right time to buy. So I think it is something really catchy you all better know how things are coming in crypto world and how they are manipulated later by haters and governments. Same, if we discuss about coins, then only that coin is effective, who can sustain the pressure put by international market and the whole media. I refer bitcoin to be one of them who, we can say, better. |
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