We can in other terms call it chasing loses, The reality is in whatever thing we do nobody wants to be a loser and that's the case here with gambling, if you are losing, you will ever hope that your next attempt will be in the money, and you will definitely want to continue to play with the hope of recovering your losses and that's the hard truth when you're into gambling, it is very important to gamble responsibly and not to go way beyond what you have budgeted, and that why most gamblers get screwed.
This is because those set of gamblers think that gambling can give them profit and they will get carried away with their gambling activities because their goal have not been achieved which is to win big. They forget to know that luck plays a major role in gambling and they think it is your mindset of winning that will bring the win. This is why all gamblers are always thinking positive that they will win their next game, and it only takes a discipline gambler to know when he should stop playing in other to limit his loss, because gamblers like it or not, we must always lose more than we win. |
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This shouldn't be called gamble when money is not as stake, but it should be called a game. I wouldn't gamble when money is not involved but I will have other means of fun to keep me entertained. However, watching or playing the game is fun, but winning something is what drags you to continue playing and it becomes part of you.
Gambling is in human nature maybe, i would have been gambling secretly with my friends just like we do back then in college. The only thing is that there will be no casino to give us varieties of games, but we will still gamble locally in one way or the other, either within friends, family or neighbors.
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Telegram username: @Frankolala
Btc address:: bc1qymald8m889fjfmt0fyc406f3lxywuwhxu65lft
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I don't disagree with any of your points, yet the large and the small investors are dealing with the same factors, and the large investor likely has more disposable income, more abilities to draw from other assets and more abilities to use debt and other financial instruments to his advantage. The larger investor also may not even need an emergency fund because he can draw from other assets that are de facto serving as an emergency fund, even if he might not have had designated them in such a way.
The poor investor has to likely be smarter and more resourceful to get ahead and to make progress and to take time to get his capital, assets, disposable income and even his credit worthiness up to higher levels, but the poor investor is not at any inherent disadvantage so long as he minds his position size in order to not go above his discretionary income and the projection of his discretionary income in terms of also having an emergency fund.
So perhaps a diligent poor investor can catch up to a sloppy rich investor because the rich investor might not be as motivated and may well take his richness for granted, and the poor investor might be struggling at every turn to make gains, to use his resources wisely and to not unduly put his resources at risk.
Yeah, a lot of poor investors devolve into gambling and risk taking because they may well believe that they either have to catch up to the rich investor or they believe that they can employ the same kinds of proportionalities as the rich investor, when the poor investor should be tailoring his investment style to his own situation, even if it could take him 5, 10 or 20 years to catch up to the rich investor, and the poor investor may well never catch up to the smart rich investor, but he will have good chances of catching up to the sloppy, the reckless and the negligent rich investor... but the poor investor still should be keeping in mind that he is not competing against the rich investor, but instead should be putting systems into place that might even take 5, 10 or 20 years before they really show substantial and/or meaningful progress and payouts.. and sometimes the poor investor might not have enough time in life to be able to really grow and compound his wealth.. there is some luck and even some life circumstances that may well contribute towards even more obstacles.. so each person should be working within his own framework to figure out what is amongst the better of paths for him to employ.
I like the way that you have differentiate investors who are committed to achieving their bitcoin target using the poor and the rich as an example. It is true that bitcoin investment has given opportunity to the committed poor man that is doing everything possible to be consistent with his regular DCA accumulation to be able to get to 75% portfolio of a committed and consistent rich guy who has the money down for him to invest without struggling to make preparations for the necessary funds to survive his long term bitcoin goal. I wouldn't say that the poor man in this shoes buying regularly is somehow competing with the rich guy because they might be in different location but both of them have the same goal and decided to invest in bitcoin to achieve a target. What I see is that the poor investor believes in sacrificing for the future to turn his life around rather than eating the little that he can invest. However, it is clear that a rich investor who is not that serious to invest aggressively but invest some amount without being consistent will likely be behind the poor committed investor because his bitcoin portfolio size will not be up to the the poor investor in 20yrs time like you stated and before you know it due to the compound profit in the poor investor bitcoin, he might even get almost as rich as the inconsistent rich investor. This is the power that the longer your bitcoin investment and portfolio size is the better opportunity of you have to be successful and even get richer than those rich people who didn't invest in bitcoin. |
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The other day someone was talking about how he hates gambling as it nearly ruined his life, and within my mind I was like, no it was not gambling that nearly ruined you it was actually you that tried to ruin your life and that's because you refused to gamble responsibly and discipline yourself by not been capable of differentiating money meant for gambling from money meant for other projects in your life.
Why do people blame gamble for their own act of irresponsibility. No one is talking about their own part in their story of bad experience's with gambling, all we get to hear is gambling is bad and a useless activity. Why?
People wouldn't like to admit their faults when they fail to do the right thing because they don't want to see themselves as been weak. People that blames gambling for ruining their lives, might still go back and gamble because they haven't realized their mistake. I will blame them for being greedy and think that they can make profit from gambling. Instead of them to blame their greedy nature, they are busy blaming the game because greed has eaten up their bones and they were blind see that they will get ruined |
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Yes people wake up now and that's why people Will stop obey goverment and Banks but Will go full in crypto.
Full stablecoins and crypto no taxes no slavery only freedom now
However, note the timestamp on this comment post. For the last day and a half, bitcoin jumped from $42,000 to well over $45,000. Then over a couple of hours this morning, Bitcoin suddenly dumped back down to the $42,000 range. Somehow Bitcoin looks like it is controlled, but only by a few major players in the free market.  That is why bitcoin is volatile due to the up and down of her price movement. I don't think that this little change in price was controlled by anyone, it is the fear that SEC will not approve bitcoin ETF that caused the price correction. We also know that when bitcoin pump has pumped for few weeks, there will always be correction in its price. It is better that we adopt investing in bitcoin, where you are your on bank and you are free to do whatever you like with your money and not people giving you conditions on how to spend your money. |
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If you waited for 2 months and now you are buying, then you still have to be careful regarding how you do it.
Of course, if you have been buying for the last 6-12 months, you are feeling pretty smart right now, and even if you have been buying for the last two to three years, you are still feeling smart as long as you continued to buy through the whole times.
The ONLY ones who might be feeling like dummies right now are those who made lump sum buys at various points in 2021 when BTC prices were higher than now, and they are just waiting for the BTC price to return to those prices so they can get out of the red.. however those who continued to buy have brought down their average cost per BTC to quite a bit lower than what their entry price would have had been, and sure maybe some of those folks are regretting that they did not bring down their cost per BTC more by having had been more aggressive, but now it is seeming too late since the price is returning higher.. at least for those people, but at the same time, they don't really have a choice. Each of us can ONLY decide what to do based on today, and we cannot rewind the clock to do what we should have had done at earler times.
If anyone getting into bitcoin today has an investment timeline of 4-10 years or longer, then surely those people should be getting in and getting started rather than waiting.. . and the ones who wait may also be similar to altcoin pumpers or bitcoin naysayers or no coiners or low coiners, but each of the categories of kinds of people is in a slightly different camp regarding why he is failing/refusing to sufficiently/adequately buy bitcoin... and the really scared ones might just want to start with $10 per week rather than starting with $100 per week, yet one of the problems of under-investing is that if the BTC price goes shooting up, then they could end up causing themselves regret because they had been so whimpy in their investment and they convert into FOMOing into bitcoin at higher prices because they failed/refused to sufficiently/adequately prepare for up when they should have had been (when the prices were lower.. or just on an ongoing basis for years and years and years, and then after a while they might see the benefits down the road. .but the benefits may well not end up happening in any kind of immediate timeline.. except maybe some people investing in the last 3-4 months might be feeling some immediate pay outs, and even those who started a year ago, they likely feel ongoing payouts because the price went up a lot in the last year, just short of 3x.. so far).
So some people do end up getting lucky but not necessarily realizing that they were lucky that the price went up, but sometimes they do not accumulate enough coins because sometimes they get lazy (in their BTC accumulation) when the BTC price is going up.
It is even possible that those people who are in the waiting camp category that don't want to take advantage of the market to buy now that the price is 42k+, might end up being a no coiner because if they cannot buy when the price was 28k, and can't buy now, they wouldn't be able to buy when the price is higher than this price, which is what we are expecting to happen soon. Maybe when they will buy might be after this circle when they have wasted a lot of time that they were suppose to be using to grow their investment. However, I cannot be 100% correct because some of them will finally buy due to FOMO when the price will be higher than this. It is these set of people that bought when the price will be higher than this price, that might be expecting a lot from bitcoin price and if they don't hodli for long term into the end of next circle bull run, they might end up at loss because they failed to buy at the time that they could get started, instead they were waiting for the price to dip to their own expected price. It is very sad to see that when you can invest aggressively into bitcoin at a price that you can afford to buy but because of doubt, you chose to buy with an amount that you think is cool with you and the price of bitcoin shoots up, you then check your bitcoin portfolio and saw that it is very low, you must regret and hate yourself for not buying aggressively then. Such thing has happened to me and that was when I learnt that as long as you are in the position to buy aggressively without being stressful to your cash inflow, you take advantage of it. So that you will be happy with your actions rather than regretting it. |
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I try to get out of the game even if I multiply my deposit by 2 times. Maybe that's why I haven't had any big wins except for a few medium-sized ones. But for me it is much more comfortable to gamble. I think that if I ever win a big win I will certainly end the game, because I know that it is very easy to lose money in gambling, and win extremely difficult. The most interesting thing is that everything can go completely differently, because emotions make us make mistakes.
In reality some of us can not control ourselves during playing in gambling band yes I've already experienced such a bad decision in my life cause when I am in the world of gambling I cannot control myself bad we all know that it's better to stop for while when we are in a winning mode but our greed will take over it and then addiction will follow. So it's better than we have s good mindset that we must not okay more after our win. Difficult to control our self in gambling exactly on winning position, but I have limitation amount for gambling exactly on position after huge amount winning and limit with how much percent have to bet before quitting or cash out my fund. Need to celebrate with winning achievement without have to spent all again for gambling, control our self and not be greedy exactly winning in gambling not always come to us every time. Cash out above 80% of winning amount and left 20% use for another capital on other day, don't spent it on the same time because get chance with losses it without get enjoying yet how much winning amount and loss chance for withdrawing. I largely agree with you. Part of the winnings should always be withdrawn, but I think 80% is a lot. After withdrawing such a large part, some players, having lost the remaining 20%, will return for 80% and also lose them. This can happen even if they are spent on expensive things such as a car. It is better to withdraw a smaller percentage so as not to return for it. Nothing can stop a player under the influence of strong emotions. In general, I would prefer for a player to know the amount he wants to win and to quit gambling forever and never return. Otherwise, he will always continue to play no matter how much he wins, which in the end will definitely lead to a complete loss. So you definitely need to be able to take profits. Some gamblers will never think of quoting gambling, especially when they have won big, they will believe that they can still do it again and this is where they become greedy and continue to gamble in other to win more to what they have already won. Before you know it, they will lose everything that they won and start all over from the scratch. Gamblers that think gambling is for making profit falls under this category because they believe it a a life time job for them. However, it is a wise gambler that will win big and understand that it was luck and such luck comes once in a while. This will make him invest the money and he will quit gamble if he lacks self control over his gambling life so that he can focus on his new investment, but if he is a discipline gambler, he can invest the lonely and still gamble once a while for entertainment. |
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FOMO is what have caused the price to dip from 45k down to 42k+ currently. You have provided good information on why the price dropped above and I still believe that it is related to SEC and the approval of spot ETF. So many institutions and investors bought last two months of the previous year because they heard rumors that SEC will approve ETF by the second week of January, but it seems that it will not be possible this month, and some weak hands are selling of their investments because they invested due to panic. Maybe they used the money that is for something important in their lives to invest on short term but it seems that they are getting disappointed now. |
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Make your choices about how to allocate, and good luck if you are in the waiting camp.. Waiting may work out for you, and it may not.
One funny thing about the waiting camp is that they will always end up regretting and they are always saying how I wished I opted in. Even while they are saying this they are still waiting without taking action immediately. For me provided the money for investment is available I don't see the reason to keep waiting for any dip, funny enough the current price now might just happen to be the dip of the week or possibly the month. I'm just learning about that new word today "waiting camp" indeed. They are not far from the fearful, the skeptics, the perfectionists that want to enter at the perfect price if such thing as perfect price exist. Price of Bitcoin will continue to go up and down because that is how the market is designed to worm based on demand and supply. Instead of spending so much time on the sideline waiting when the funds are available, why not simply adopting the DCA method by buying some while keeping part of the funds for future buy, in this case one is not only waiting for the supposed perfect price but already doing something now and maximising the opportunities the market offers now. The disadvantages of not being proactive in respect of Bitcoin accumulation is just too many. This is the problem that some people have instead of getting started, they keep on waiting for the price to come down to their own price which they have in mind, as if it is possible to know the best price of bitcoin. I think such people are not serious with getting started because if they believe in bitcoin and want to benefit from it, they will know the value and see getting started immediately as an advantage for them to buy if they have the funds already. Such people must regret it with time as they will be regretting later that they were remorse of buying now, just the way some investors who knew about bitcoin earlier are still regretting now that they couldn't buy bitcoin when it was $100. Waiting for when you think is cool for you to get started because of the current price is a big waste of time because who knows what will be the price of bitcoin tomorrow and if it wouldn't come down to their expected price, so it means that they wouldn't invest and the will miss out the opportunity of investing now and make profit in the later. It is better to invest now and continue growing your investment gradually with constant DCA, than just keeping the money in fiat because some unforseen challenges might occur and you will end up spending the funds for investment to solve that problem. If you have already invested, and intend to hold for long term, you must have made preparations to make sure that there is available reserve funds to take care of any challenges but because you didn't invest, you will not have any plan to grow your investment so the funds on you can be spent anyhow base on whatever challenges that comes your way. It is better to get started with little than not investing and keeping fiat in the bank because it will depreciate and bitcoin is not just an asset but also a store of value. |
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 He was dumped by Chelsea, then Roma took him and turned him into a dangerous winger in Serie A and after that he returned to the EPL but with a different club until finally making Mohammed Salah enter the list of the top 5 top scorers in one EPL club. Who would have thought he would do it with Liverpool and since wearing the Liverpool uniform in 2017 until now he has collected 151 goals in the EPL. In last night's match against Newcastle he scored a brace and at the same time led Liverpool to victory again at Anfield. I think Mohammed Salah has become a legend for the Reds and even though his teammates like Mane and Firminho have left before him, he still stays at Liverpool to continue the tradition. Even Jurgen Kloop will be very disadvantaged if he loses Mohammed Salah and he still needs time to find a successor to Mohammed Salah at Liverpool. An achievement we rarely see and huge appreciation for Mohammed Salah for reaching this level. It's true that M. Salah was dumped and loaned by Chelsea to several clubs in Serie A, such as Fiorentina and Roma, and Roma then bought him. After that he came to Liverpool until now since 2017. And now Chelsea is doing the same thing with one of the players they have. The player who had the same fate as M. Salah was R. Lukaku. Lukaku was also thrown away, treated the same as M. Salah. For the past 2 seasons, Lukaku has been on loan to two Serie A clubs. Last season Lukaku was loaned to Inter Milan and achieved good results there. Now Lukaku is on loan at Roma and now Lukaku is also one of the top scorers at the Roma club. And is currently the 3rd top scorer in Serie A. And the funny thing is that Lukaku also has the potential to be bought in the transfer market next season by Roma and it is possible that one day Lukaku will return to the EPL and become a legend at one of the EPL clubs. If that happens then once again Chelsea have wasted a player.  Chelsea sometimes makes ridiculous decisions and I don't know how their management does things like that. If time could be turned back, of course these players would be very happy to be part of Chelsea's journey to win the title several seasons ago. But unfortunately things have changed and Mohammed Salah loves Liverpool even more and maybe he is very grateful because Chelsea threw him away before. That way he can maximize his potential before finally giving everything to Liverpool. In my opinion, Lukaku's career is much more confusing because he is often not included in the Chelsea coach's plans and when he joins the Serie A team he always proves that he is very worthy. We know that at Inter he also made a good contribution as a striker and that also happened with Roma or even when he was with the Belgian national team, he also often put his name on the top scorer list. But when he was at Chelsea he was like a stranger and I don't know why he was like that, even though his love for the Blues was very big. I think he should return to another big team in the EPL and not put any more hope in Chelsea. Chelsea always fail to see the potential that a player has who can help them in future. Will I say that the coach lacks the coaching skills to understand the players capacity and where to play them. This is why when these players are not in their best performance, the coach will think that nothing good can they offer to the club. When the players are loan out, they become goal scvoring machines in other clubs who knows how manager the players and brings out the best in them. I am not surprised at this because it is not all players that will do well in a certain club because they are neglected. |
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Buying more tickets is not a guarantee that your chances of winning will be higher. This is because gambling is based on luck and not by how much that you have used to stake your bet or betting many times.
Lotto is something that is not easy unlike other gambling games and I see some lotto gamblers offline here in my neighborhood, they are always with bunch of newspaper to forecast the right number that will give them the opportunity to win big.
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If careless people and newbies in the crypto verse are still easily fooled by the crypto multiplier scam, Ponzi schemes and the likes of the pig butchering scam, then how do you expect them to be smart enough avoid phishing scams?
Negative!
It is a pity that some internet users don't think about their safety while browsing online and they will fill all kind of form they see and click on different links because they think that the internet is a friendly place forgetting that there a lot of scammers online looking for who will fall for their trick. Another thing I observe is that some people that are been scammed are greedy and they want to get funds from where they never invested in. This is why the moment you are online you suspect every strange mails and links that you are not aware of. |
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Of course, frequently risk can be compensated by position size, and of course, if you end up being too whimpy in your BTC investment because you are afraid of downside risk, then you still will end up profiting, just not as much if you had been more aggressive in your investment, so you can choose your level of whimpy versus aggressive and have to live with the consequences either way.. which still ends up being better for the whimpy investor rather than the no coiner.. .. even while there are no guarantees of such.
Aggressiveness is fine in investing but I don't think there is any need to be aggressive when it comes to holding your investments for a long time. Aggressive means that the investor will not think twice to sell his investment, I think if he is so aggressive he will not be able to hold his investment for long. Before investing, when the investor thinks too much about what time of the market he should invest, what time he will invest, when he wastes extra time, basically the investor should be aggressive for that time. An investor can invest aggressively and still not get affected, especially when he didn't over do it i.e he invested aggressively and still have his emergency funds and every other important needs available. It is just like I decide to invest $100 into bitcoin with ease and it will be as if I am not putting in money into somewhere. I can decide to increase my regular DCA amount to $200, but with this, I have to trim my expenses so that it wouldn't affect my monthly expenses and I will still have reserve funds for other purposes instead of me still investing with $100 because I want to be buying other things that are not necessarily needed. If you just started your bitcoin journey, investing aggressively is good as long as it wouldn't affect you so that you can use a short period of time to have a significant amount of bitcoin. It is when you over do it, that is you invested with almost all your weekly income, forgetting that you will need funds for some financial needs that is when you will end up destroying your goal because when you are short of funds, and an emergency arise, you will be forced to sell your bitcoin at a price of is not of your will. |
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Both are risky and no one is lesser the main thing is that if you can't control your risk level then you can be minimize how you spend money.
You are actually correct because if you don set your plans for the week on how you will make your expenses, you will still over spend. Because in offline If you are financially exhausted you can still make transfer or even use Your debit card to make withdrawal and continue playing or even use Your cloth to gamble just as you said. though I never thought of that but I am beginning to see reason to both being same. Personally, they both have the same risk but the difference is that you go out to the offline casino but the online is always with you either in your PC or your phone. The most important thing is that one should be able to control his gambling activities to enable him minimize his losses. This is why you should have it in your mind that gambling is for fun and not to make profit, so that you will be able to only use the amount thy you can afford to lose on it. If you lack discipline, you will run at loss and might even become addicted because you will be carried away by your emotions and you will start chasing your losses. |
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Same with my neighborhood, youths have seen gambling as a means of making profit which makes them venture into it because they must have seen one or more gamblers that won big amount of funds and that was what motivated them.
A lot of these youths that gambles and knows that their parents are not in support of it, gambles secretly and when they win, they tell their parents how they got the money. Some parents will be happy that their son was able to win big and some will not be happy with his action and might even go as far as telling the joy to return the money or not c one into the house. We have read a lot of threads on this. Gambling is not becoming a norm to everyone these days.
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OP, bitcoin payment should be not be accepted and you should use other means of payment. It is either accept fiat currency and if you are not cool with it, you can use stable coins, because with it seems that with time stable coins will be used more of an alternative payment than bitcoin.
Businesses that are accepting bitcoin is finding it difficult to cope with it because your customers might not have the idea of LN and how it works. I hope that the fee comes back to normal because more BRC20 token will soon be created.
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