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1281  Economy / Economics / Re: Economists advise caution in trading in Bitcoin currency on: November 25, 2023, 02:06:13 PM
Well I think that is one of the bubble stories of the early days of bitcoin and bitcoiners have well closed their eyes to that because nothing of such has happened after a decade and counting of the existence of bitcoin. More so is that the fact that bitcoin is not controlled by a government but by the people through Blockchain and its transactional transparency, then more people have hope in bitcoin investment. About pulling the rug of investors feet, I think the incident of the bear in 2018, 2019 to early 2020, during the covid that bitcoin went down to around 3,500, is already a testimony. The ATH and current price is enough to prove that after the bear season come the bull season. It is a circle, understand it and enjoy the ride.
1282  Other / Politics & Society / Re: Can government track us. on: November 25, 2023, 01:07:29 PM
Government can track someone in the crypto space especially if you have hard something to do with centralised exchange, casinos, apps or website where you have done a Kyc. I doubt if there is anyone that has kept his private affairs using only decentralised system or website. So if that is not possible no need worrying so much because even with an email and IP the government can have there way.
1283  Economy / Gambling discussion / Re: Can old generation cause the habit of gambling in young generation ? on: November 25, 2023, 12:40:46 PM
How can I stop the younger generation in my family being carried away by this and focus on other important things like studies only ?
There are two options:
1. Kick the old people in your house.
2. Move to a new house, country, etc without them.

Don't argue with me by saying moving to a new house is hard, need to respect or care with the old people, don't have enough money etc, that's mean the case will never ever solved except when their time comes.

Moving away like relocating to a more serene environment where gambling is not prominent is surely a way to reduce children from picking from older generation gambling addiction. I have known of newly wedded or couples who just started bearing kids relocating out from the old environment to a new one because they want a different training from where they are coming from. People relocate because of certain habit they find not good for their children. So yes, relocating is a very good solution even though it wii require finance to accomplish because most of the environment that will not ghetto like lifestyle are more expensive.
1284  Economy / Gambling discussion / Re: I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: November 25, 2023, 11:39:27 AM
~
correct mate, it is not hereditary not unless their family is engaging in gambling day by day then that might be considered as hereditarian but not in ours yet my brother still gamble .

When OP said "inbuilt" or people in this thread were saying "hereditary", it wasn't to say that some family members of the kid that started gambling all of a sudden were gamblers. Rather it was about all humankind. It's in our genes to gamble, it's our basic Instinct. But in the modern world we should learn to fight our basic instincts, because the world has changed a lot over the last 10 thousand years.

To say kids just learn gambling by themselves would be a little bit overstretched argument because if gambling is inherited may be different to be explained. What is inherited is what is in the gene and I think gambling is a habit that is picked somewhere and can equally be dropped. So children are exposed to many vices even if not from the home, the school is there where they are really influenced by teachers or friends.

The internet is also another agent of socialization that has really muted people's culture and traditions. A child can easily access the internet with his parents phone if he doesn't have phone yet and his father won't know about that. Although it is in our instinct but we see it from somewhere and follow from it, it is not like food that you have a natural need for when you are hungry.
1285  Other / Off-topic / Re: Why the rich win gambling more than the poor. on: November 25, 2023, 10:43:09 AM
I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
Because rich people have enough funds to bet so they will sometimes get occasional wins when they have spent a lot of bets while poor people will only bet with a limited amount of funds and make the winning percentage also small for them, but basically in gambling it will not guarantees that people who have a lot of funds can often win and vice versa because when it comes to gambling everything really depends on luck.

I think there are two points that make op think the rich win more than the poor and one of the point is that the rich has the fund or capacity to retry when he loses and the second point is that the rich take higher risk in their stake and when they win, it appears big unlike the poor winning.

Over all the numbers of winners on the average will not have a record of the rich being above the poor but the poor will be above the rich because there are more "poor" gamblers more than rich players and therefore it is logical and natural that the number of poor winners should be above rich winners contrary to op's assumption.
1286  Economy / Gambling discussion / Re: Do you believe in psychic betting? on: November 25, 2023, 08:43:59 AM

I believe that sometimes we should not take what we dreamed about gambling serious because a dream comes base on what you have at heart before you sleep.

But sometimes dreams happen in reality whether in the games or in other areas of life, I think we know the dream story of Joseph in the bible.

Regards to having games in dream, it does happen too but I don't think it does often and sometimes it is not clear enough but you only have to analyse the way it was shown to you in that dream before you can finally arrive at the real numbers, although some happen like it was given in the dream.

Yes I have seen some people give testimonies of how they got games revealed to them in the dream, and some refuse to gamble it because of doubt but at the end it is real numbers, this happens is football betting. So getting revelation of games in the dream is still possible but may not be frequent.
1287  Economy / Gambling discussion / Re: Can old generation cause the habit of gambling in young generation ? on: November 25, 2023, 07:37:58 AM

How can I stop the younger generation in my family being carried away by this and focus on other important things like studies only ?

The first point of stop is for the parents to desist from discussing and disclosing their gambling habit to their children. Such parents should learn to live responsibly and understand that parenting is something important. Whatever you do around the kids, they pick on it easily.

You can't have children in the house and you expose them into what they are not yet ready for because they might even be learning and practicing in it in a more dangerous way. Okay just imagine where the child gets hold of his father's phone while he was still logged in to the gambling app and the child bet on the total balance in the account and it was lost  Probably you have $100,000 on the account.

Wrong exposure can be bad for children.
1288  Local / Off-topic (Naija) / Re: Is Ai a threat to Nigerias educational system on: November 24, 2023, 09:57:23 PM
Sometimes when we talk about this country and blame the younger people for either being lazy or as we are discussing about using AI, e look like we dey expect miracle to happen.

My question be say how many Nigerian president don get clear and undoubted certificate? Na from one court to another to hide their shame. So how dem go do better thing and budget better money for education when dem no sabi the value.

Before the country reach this bad state wey e dey now, student dey read na, student dey use library wella, if you enter library everywhere go full but no be now again, everybody dey look for quick money and some dey find make dem rush finish, learn or you no learn you no go see job. So na part of the problem be the reason wey AI don dey take over the school system.


1289  Economy / Gambling discussion / Re: Most gamblers do not believe they can consistently make money, that's why... on: November 24, 2023, 09:12:07 PM
The only exception to this is if someone gets a jackpot which may recover all their previous losses.

I think as the gamblers get experienced, they will understand that making consistent income is impossible in gambling and only the new gamblers may have this feeling which they will change over the passage of time.

Some people have been gambling to win jackpot for God knows when but they have not been able to win such. So to keep that on the probability list based on exception is not to be relied upon. Chasing of loses is the reason many people are still stocked in the feet of their gambling, the more people can realise that this is not gambling responsibly, the more relaxed and control they will have on their gambling.
1290  Local / Nigeria (Naija) / Re: Versatility is in high demand. on: November 24, 2023, 04:26:55 PM
Although na true wey you talk and e still good make person dey verse but this dey always happen for private setting mostly. Na dem dey like cut down cost and underpay teachers while dem don collect better money from parents.

This and more follow for wetin make our country standard dey fall every day, when dem go carry 7 people work give one person na how the person want take do him best on top small cash. No professionalism for private establishment.
1291  Economy / Gambling discussion / Re: Most gamblers do not believe they can consistently make money, that's why... on: November 24, 2023, 03:43:19 PM
The ugly truth is that most persons acknowledge these losses but they're optimistic that one day they could be lucky and their big win might be able to cover for their losses.  


Lol unfortunately the deed keeps happening. It takes someone who has a lot of control to stop gambling especially when you are now in this state of chasing back your losses. Truth to this is that to get to a jackpot is very difficult to get to. I know gamblers who have been saying they can only quit when they have recovered to a great extent their losses and so it keeps happening to them as if they are watching some movie. This has been the gambling story and the reason many believe it is just a lucky games.
1292  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: November 24, 2023, 01:45:51 PM

Now, compare your behavior with your parents' different behavior. There must be differences, whether it's worse or better... the key point is the differences in your attitudes (between the child and the parent). Even though no one guarantees this possibility, gambling in front of kids is still not a positive idea. Don't you have a better goal than doing that in front of your child? There are plenty of other more beneficial activities, like putting together a puzzle or maybe assembling a bike.

At a start in the life of kids, they need to learn things that are positive first and when they get to certain age they socialize themselves into other things but by then they are already knowledgeable on the good ones and when they meet the other side, they know what choice to make, instead having the negative side as the only avenue to learning.

Some fathers gamble and smoke in the presence of the children and that gives the children the impression that it is okay to do that. I believe even in countries where gambling is legal, there is still age limit to start gambling so they don't need to learn it earlier than the age because they will tend to start gambling earlier when they have not mentally mature for it and can gamble away their school fees.
1293  Economy / Gambling discussion / Re: Can loneliness make one addicted to gambling on: November 24, 2023, 12:49:29 PM

Later he open up to have been using $500 for gambling per day, he said all these started when his wife left him, that he isn't into gambling at all, but I can't ask why his wife left him in the first place, but does loneliness make people become addicted to gambling or it's something else.

People in such situation usually take to drinking so that they can drink themselves to stupor and keep sleeping themselves away until if they are not able to have a hold of themselves, they die off from the effect of alcohol, drugs and other illicit involvement. But in this case it is gambling. Well you have to have a lot of money to sustain that kind of behaviour if you say it is because your wife left you.

Yes loneliness can change someone's habit which can lead into gambling, usually it is friends that will lead someone to it.
1294  Economy / Gambling discussion / Re: Can a gambler be a good bitcoin trader? on: November 24, 2023, 11:54:31 AM

A person can conveniently do both, because they have more in common than differences. I like the way you integrated them, a gambler can apply the risk experiences in bitcoin trading, and use some percentage of his profit in trading to have fun and relax in gambling. Both share the same uncertainty in the outcome of their efforts, despite the fact that one depends mainly on luck, while the other depends on analyses, in the end an external factor determines  their win or lose.

To be factual what they have in common is the profit or loss that come out of it at the end of the day. No doubt that you can be a bitcoin trader and also a gambler but you are going to see them differently because they also operate differently, their tools are not also the same.

To determine mean the outcome of losses or profit, the trader can do that with the system adjustable to his plan but a gambler goes in and can only come out when the game has been settled for his profit or his lose.
1295  Economy / Gambling discussion / Re: Would You Crowdfund for a Gambler Who Has Gambled Irresponsibly? on: November 24, 2023, 10:16:37 AM

There are people that have been crowdfunded for other reasons like out of love from people who love them. This people are already rich, but you get to see lots of people who are struggling to survive still donate their hard earned money to these people on celebrations like their birthdays, I find it foolish. These people can crowdfund anybody and anyone, they will not find it difficult if a popular gambler they love who has gambled irresponsibly ask for help in the form of financial supporters.

Are we still saying that crowdfunding is same thing as giving gift?

I think your classification here falls into giving of gift that people do in celebration of other people in there moment of happiness like birthday, marriage ceremony etc even in sad moments like being bereaved of which the rich is not above gift receiving. So there is nothing wrong to give to the rich even if they have in abundance. Gift opens more doors for receiving and blessing, like they say the gift of a man makes way for him.

So crowdfunding is not same with gift in the the light of what the topic is discussing. You are only supporting someone to come back from their irresponsible action that caused his loses.
1296  Economy / Gambling discussion / Re: Most gamblers do not believe they can consistently make money, that's why... on: November 24, 2023, 08:43:04 AM
The point about the feeling that gambling is not profitable is the experience and yes truly much more people have not profited in gambling as much as those few who boost to have profited and even those few numbers of people still encounter loses which informs the believe in the pessimism of the success rate of gambling. The point, there are more losers in gambling than those who profit and that becomes the general acclaimed opinion about gambling, that is not to say there are those who don't profit.

For you to profit in gambling especially in soccer, you have to implore a very unique working technique and for those who are winning, they bet very few games and odds. There is difference between someone betting on 20 games and he who bet just 3-5 games from that 20 games. The chances to win or lose are not the same.
1297  Economy / Economics / Re: strange indicators to know economy is bad on: November 23, 2023, 09:42:22 PM

9. unclaimed body index - during a bad economy, dead people are not claimed in the morgue. horrible index to look at how bad the economy is.
i'm sure people take care of their family when they die. can't believe this is happening.


Yes during economic downturn or recession, cutting down of expenses is the reasonable thing to do so that you can still be hopeful and surviving in the hard times. But the above is rather funny to me and I don't know if it has gotten to that.

Anyway from ny end, people still claim their people's corpes for burial especially when it is an adult. I'm yet to be aware that people leave their people's d body in mortuary because of the hard economic realiality.
1298  Economy / Gambling discussion / Re: Stop the self entitlement claims on others gamblers winnings. on: November 23, 2023, 08:54:03 PM

So why then should anyone be demanding for a share in the winnings when they don't have any direct connection to the winning or have committed any finances while the gambler takes the risk to win the amount,  so regardless one needs to be determined to remain focused and not be at obligation to give them any share.

Well said but I think it is more of the practice with the offline kind of gambling. It depends on the gambler to know what he wants to part with and nobody mandates him only his conscience and perhaps they do that either because they have also shared from that of others.

But like you said and pointed out regards to online gambling, that is the advantage. When you bet online, you have your privacy and nobody knows when you lose or win. But the risk and temptation of continuous playing is high to play online except you have a good level self control to stay with your budget.
1299  Economy / Gambling discussion / Re: Luck and skill, which is more important for gambling success? on: November 23, 2023, 05:14:45 PM
You can be as skillful as you want to find good matches to bet on,it only takes a referee to ruin them all for you.

I concur with this. There are some matches that referee is the one that could determine what happens in there with his card serving it to less favourite side. Some times also some matches are allowed to go on despite the time running far inside added time just to allow a favourite side an advantage to scoring a leading goal or an equalising goal. It is all about luck for that gambler who has the ticket in his hand but never a partaker of the match.
1300  Economy / Gambling discussion / Re: Would You Crowdfund for a Gambler Who Has Gambled Irresponsibly? on: November 23, 2023, 04:22:33 PM
I might help, and it is all about the financial goodness of me. If I were with enough funds and the reason is true I'll surely help him. I once tried this at my very critical situation and things didn't work when I lost my money kept for my marriage. Further I arranged the money taking a loan. During those days I've thought of similar things, if I were good enough with money need to support incidents like this. Because they don't engage with purpose of losing, the mind will be with the positive hope of making little more money and stay financially good. The reality used to be opposite from what they expect.

I have thought it that way that those who have been in such shoes are those that won't think twice to help crowdfund for him because they have tried it before either succeeded or failed so they understand how it is to lose monies meant for important and urgent stuff to gambling. But to go gambling, one should already understand that it is a risk in the first place, meaning you can lose all which is the case we have seen. To try doubling your marriage money or school fees in gambling is the height of irresponsible gambling.
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