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1481  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: December 06, 2023, 10:31:09 PM
You don't have to win before engaging in reckless gambling. The "near success syndrome" can make some addicted to gambling also. The feeling of "I was close to winning and I will win soon" can trigger continued involvement in gambling and soon become reckless.

In addition, the success stories of some gamblers serve as a motivation to some people and they can become reckless also trying to be successful as well. A friend stopped gambling based on hopelessness but on navigating Twitter he came across a won ticket where a person staked #170 and won 60m immediately he got a feeling of hope and belief that he too could win that huge. Currently, he plays different tickets in a day and that means he is losing more now.

The high point here is that one does not need to experience winning before becoming reckless in gambling. Others successful stories can inform reckless gambling.

Many people have already fallen victim to playing more because other gamblers won huge amounts in profits. The moment a gambler doesn't control his gambling limit, he'll have a high tendency to gamble recklessly. Therefore he spends more than he should. Op is accurate, some gamblers who haven't won a dime in gambling can stop to gamble, as they'll believe gambling isn't meant for them. Winning also pushes inexperienced gamblers to continue gambling, because of the easy money they earned through it. Generalizing such a habit on every gambler is quite wrong because a lot of gamblers still win big without getting reckless. Many factors contribute to reckless gambling, and every gambler needs to stay careful about it. In the long run after trying to figure out the causes of reckless gambling, only a few people were influenced by wins or the results of other gamblers. Real-life situations and depression also lead to reckless gambling. And a high number of gamblers fall under such a category. Gambling isn't the problem, it's only used as the scapegoat. Instead of naming or voicing out the source of their problem, they'll blame it on gambling. The addiction began through gambling and is still ongoing. Reckless gambling can be hereditary in most cases. It's high time people began searching deep into the cause of their problem. Before trying to cure or change it.
1482  Economy / Gambling discussion / Re: Do you think that this is aperfect analogy of how gambling addiction starts? on: December 06, 2023, 09:57:12 PM
I have never experienced an addiction, it's just that I have been quite active in playing and always think about spending time at online casinos every day and every result I get is quite disturbing because my brain is always thinking about the game, but what makes me play often is because I want to continue earning, if today's fails, I will think that tomorrow is the time to make money and cover previous losses and so on until I realize that gambling is not a place to make money and this is just an activity that must be realized to get pleasure so that the money used is what we can afford to lose, more than that will bring people are addicted.

Gamblers who confuse these two terms money and fun in gambling tend to face difficulties and may end up addicted. It's common to find ourselves trying to get a return wining of how much we've spent in gambling, but the most important thing is figuring out when to stop and reshape as you did. Continuing that way can cause more losses and mistakes for gamblers. Hoping for a good day, when all the lost funds would turn into a jackpot. Playing for fun always has a separate reward for gamblers other than money. The fun is what we pay for, and if we fail to enjoy it, then the money is as good as wasted. Casinos should be seen as an amusement site for adults. Building networks and making fun of the results of fellow gamblers is the thrill of gambling. More like watching a football match. Some still don't understand why they keep on gambling despite running out of money. The brain now triggers the person to try again next time. Transient joy. Until the brain will not get excited through gambling, but the person now is addicted, and can't stop, even when gambling doesn't make them happy anymore. Addicts are not caught happy while gambling or after spending time and money on gambling. It's just that they can't deal without gambling. Otherwise, their life will seem empty and lonely.
1483  Economy / Gambling discussion / Re: Quit gambling and Invest in gambling. on: December 06, 2023, 09:39:16 PM
Right mate this idea is completely wrong there are many gamblers who cannot gamble regularly due to lack of money and then they will be less inclined to gamble. In that case doing something like lending will make the person worse off. Who will guarantee it or who will get the loan back? Gambling depends on luck and never able to get money back if you lose. As the debt burden continues to increase as time goes by it is better to find a way to manage it rather than creating conflict between the two. Here the casualties will be less and there will be nothing of quarrels and disputes.
I don't understand why a person will lend a known gambler without providing a source of income?

Those lenders must be crazy if in fact that they're going to lend people money without the valid proof that they can pay it and if they're going to tell that they'll use it for gambling. That's a wrong thing to do.

But you're right, that if a lender provides loan money to that gambler. It is not guaranteed that he'd win with that money and will just make the situation worse.
What are the ways we can invest in gambling or quite gambling? Gambling is all about individuals effort to bet on a particular games with the goal of making profits from it. Sometimes even though we keep gambling for a long time, we might not still make profits from it. We could be making profits and loses at the same time which can not be categorized as profits after consistent estimation of how much we had lose and made from betting. It is good for us to defined how much we are making and how much we had lost so far from betting. This will help us to know what is happening to us and how to utilize a better means to make profits.

Any gambler that loses all his bankroll and borrows more money to gamble again, needs to be saved. It doesn't matter, how long a day we gamble, the aim is to be able to stop, when tired. Isn't that gambling abuse to spend the whole day gambling, even when rewarded, the money is gambled until it runs out? Offering such a service to these types of addicted gambling can be profitable if the players pay back their owed money. Yet problematic if they turn out to be completely broke with no available collateral to give OP. Losing out the borrowed money right in front of the loan shark will be more annoying. And would cause more harm to the health of such gamblers. A more conducive idea, that would help gamblers to fight addiction, is by lending money to gamblers who are ready to pay the bankroll as collateral before using the loaned money to gamble. It doesn't sound like borrowing money right? yet it'll change the perspective of these gamblers, not to waste the money, since their brain has been positioned to think like they're indebted. Then after the money is exhausted the player won't be eligible to take more loans unless proven even to own a similar amount that he can deposit as collateral. Encouraging gamblers to fall deeper into addiction isn't great, and such services can be detrimental to both parties.

Offline casinos are also occupied with an enormous number of unique people, and not knowing the mental advancement of the gamblers can erupt in deception. Some will easily claim to offer collateral once they are done playing games. Sometimes the lender's rules can be jeopardized or manipulated. Working with the casino, is okay in determining the trust rate of any gambler in the mood, according to their years of experience playing games in that same casino. The administrator or manager can easily inform Op of the calibers of people who are eligible for loans. New faces won't be allowed the chance to take loans. Thereby limiting the exposure of this service to newbies and compulsive gamblers. Because of its risk, the loan receiver can decide to sue the casino. Claiming he was addicted or was drunk when he accepted to benefit from the loan. Approaching any random gambler you see in the casino, could be embarrassing if the casino management isn't properly informed before running the business in their casino. Hence, make it official and regulate the type of gamblers to lend money to, depending on how much the gambler has spent in the casino. Or he set a standard that any gambler who hasn't passed a specific threshold in gambling won't be eligible.
1484  Economy / Gambling discussion / Re: Winning big amount after watching streamer on: December 06, 2023, 09:06:23 PM
I wish gambling were that easy, everybody would be a millionaire.
That's true, if it's easy to win and the same goes for everybody then all of us will become rich easy. But remember that there's still balance in everything and this is gambling which the house always win. We see people winning and being lucky for this day but we don't know how long their luck will last.
Nothing is easy in gambling because often, we have to use a lot of money first to be able to win, but that doesn't guarantee we can actually win. In fact, we will only experience more losses if we use a lot of money because we will not be able to control ourselves when using money to gamble. The house is the party that will always win and get the biggest profit, so we should always try to limit the amount of money we use for gambling. Limiting the amount of money means we are also trying to reduce the number of losses because we can prevent gambling for too long and only based on the money we have prepared for gambling. We might be lucky one day, so let's just enjoy the gambling game.

We all know about the house being in control of the winnings and having the lion's share in all the gambled funds. It's important to limit our funds rather than give it all out to the house to win. Even when we stake huge amounts and win, the money still goes back into gambling, out of excitement, before we cash out our wins. Op's story is/can be true, but could be disadvantageous to other gamblers. Gamblers who tried similar methods as Op did, has complained numerous time of losing their money and not winning like the streamer. Some try to play new games, which they've not mastered or gotten used to, using high amounts to earn big like the streamer and end up disappointed. The right thing is to try whatever game we want to but regulate the wagered money. The streamers don't play with their money, and gamblers have to be careful not to mishandle money. Those limits also extend the fun for the player, and he'll enjoy his bankrolls for weeks. Within 1 week they'll get more wins and losses, which shouldn't bother them because it's like spare cash. It's undeniable, that losing a huge amount in gambling is painful, and since nobody wants such for a fellow gambler. Gambling with lesser amounts and strong money management is better, regardless of the choices we decide to follow from the streamers. Influencers are doing a good job in promoting casinos and the management or administrator, can offer more wins for new customers to retain them for the time being. Op already trusts the platform and their type of game, and would play more due to the fact he won while trying out the new games. Doesn't it sound like a marketing strategy devised by the casino, to win the hearts of gamblers to play more games? Congrats to OP. However.
1485  Economy / Gambling discussion / Re: Beginner needs your advices in gambling. on: December 06, 2023, 08:46:11 PM
Giving a piece of gambling advice to newbies isn't recommended, but you asked for it, nothing wrong in telling you to begin with research on a game that you think can work out for you. Start playing demo mode on different games. Then wager money on the few ones, which interest you, whether win or lose. If you don't rush the process, seeking to win big immediately or lose control while gambling, no need to worry about getting addicted. Follow due process while spending the money in gambling, to stay rolling rather than running out of funds. Scared of becoming addicted and losing it all? get a family member to monitor your expenses, don't gamble with your card close by, have a double signatory in your bank account, and spend 1 percent of your monthly income. These will help in managing your money, but can't control the emotional stress gambling could develop in you. Always endeavor to communicate with close friends, when you feel like it's not you anymore. Many of us, have been through thrilling activities that lead to addiction, and being with friends who don't take part in gambling can prevent you from getting addicted.

Self-control is quite important in gambling, when you lose it go for a therapist. Try not to get sad after losing all day in gambling. Gambling anxiety starts from the mood we experience after losing a significant amount each day. Newbie like OP, hardly understands why gamblers say it's for fun and don't encourage people to gamble for the money. Sadness is one reason, we all have to be happy and enjoy the game. The reward is only what spices up gambling and increases the fun rate. Money is a fun catalyst for most gamblers. However, those who focus mainly on money would lose it, and vice versa. Playing for fun is one professional skill in gambling, which people underestimate. It easily yields more wins for gamblers, because they gamble with a cool and concentrated mind. A well-conditioned heart or mind tends to make accurate decisions. Unlike a sad and disorganized gambler, who now stakes anything just to gain his money back. Gambling is fun, we should gain happiness through it, and say no to addiction.
1486  Economy / Economics / Re: Idea and money are very important to investment. on: December 06, 2023, 05:55:16 PM
Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.

I believe ideas and money are very important in investment but besides these two, education/knowledge, flexibility, and discipline are also very important in investment.  With education or enough knowledge on how to realize your idea can make your idea come true.  Flexibility is very important when your idea does not bode well, so you need to have a fail-safe button to save your investment capital.  Discipline, in order to see all things and personal activities, does not affect the idea negatively.
Indirectly in this case we must have several points to support maximum results. and I agree with this because however all aspects such as ideas, money, knowledge, planning and so on must be a unity and one of them cannot be missing because it can change in terms of results.
Because after all, ideas without money will only be an obstacle, besides that there is money that we can realize but do not have more knowledge about investment and do not study it first, it is also a careless act.
Or there is a good idea and adequate money but not accompanied by careful planning it can also backfire on ourselves so it is important to realize that if we really want to succeed in the goals we want to achieve then at least we have to be more serious in looking at some situations so that some of the sub that supports success is still there even though we are not fully expert but if there is a basis that we understand then it will be better.

Knowledge and ideas work cheek by jowls in achieving similar goals. We can get ideas without reading books, but it'll be limited to our side of the ideas. Individually, we have different chambers allotted to a single idea, that's why it's important to study other people's ideas and figure out how it'll help in improving our idea on a specific matter. Investment works in different ways, and we mainly need money, and ideas to make the right choice of investment. Those who purchase stock have to study the stock market to own an idea of the kind of company they shouldn't invest their hard-earned money into. Not to lose out completely. So, if Op is wondering, why the young man is paying for an idea, or how he got rich without having ideas. He'll be wrong about his perspective of that said young man. Because we think differently, and validation helps us to take action. Maybe he has an idea of investing in crypto but doesn't have any valid or solid information to help him execute his ideas. Henceforth, he'll undoubtedly follow his decisions, coupled with the advice he's got from OP. So, while we own the money, it's still okay to employ a person with the idea to help us with decisions.

A wealthy man like Warren Buffet still had his friend Charlie Munger (rip) who gave him financial advice. Despite being the world's world-recognized richest man, he values the information from his business partner and they both achieved a great goal in the stock market. Planning also should fall under the category of ideas. To stand a business or an investment, we need different people and their specialties, lawyers, idealists, techie, etc help in making up a valuable company. Those who claim to have all the factors tend to fail trying to invest money. The ideas we implemented in a specific field and were successful can lead us to a den of failure in another field. This is where diversification in experts comes erupts. Because you success in bitcoin investment, by reading articles, won't guarantee success in the real estate business by the same method of reading books by real estate authors. In the chase for multiple streams of income, like the wealthy do, to secure their level at the top,  ideas are needed to help us grow in a fresh and unique department.

1487  Economy / Economics / Re: The bad things will make people hate fiat currency no trust in goverments on: December 06, 2023, 05:07:30 PM
Fiat has given the government so much power over its citizens, that they manipulate the hard work of people with inflation, which can be as another form of paying taxes. Because it doesn't add in any way to the economy of the nation. That's why the government is against bitcoin and tries its best to control the whole bitcoin transactions. Do you wonder why people still respect the government, despite the troubles it inflicts on the world, using fiat? Purchasing weapons, building bioweapons, and destroying life and cities, to curtail their freedom and to prove superiority to an opposing side. Not every human can hate or distrust the government. They get paid and managed by the government. Moving away from the authorities and commands of the government seems like the end of the world to many citizens. The government control soldiers, banks, schools, and even religious organization to convince citizens to think that their brain is deeply rooted in capitalism. Cryptocurrency is more attributed to libertarians who wish to escape from the super-powerful control the government uses fiat in controlling the world.

The journey will only get difficult if the rich begin to lose their wealth, as they'll have a high rate of unemployment. Which still serves as a tool for the government to manipulate the mental health of citizens. Channeling their thoughts in the direction of taking loans and depending on government grants for survival. One funny thing, once people depend on those grants, they won't be forthcoming, endangering the lives of people. Then the working class serves as collateral damage for the damages the government is causing using inflation. After saving up a huge amount of money for years, you won't be able to purchase your dream house or car because the price just went high, and the value of the saved money reduced drastically, with no interest. Don't know much about the improvement of the compound interest in banks, yet it doesn't help the working class, due to the theft the government is achieving in the name of inflation. We all accept whatever they say because the brain is almost configured from scratch to obey the authorities.

Hence, if the whole world goes to become libertarian, the government won't have much say in society. However, the only tool for achieving such a goal, bitcoin, has been fought tooth and nail by the government. Although not completely, just a few crypto services accept the KYC terms of the government, and the emplacement of taxes on bitcoin transactions in some countries. It's quite impossible to regulate bitcoin, yet the government is not stopping in its fight to bring bad publicity to bitcoin and ban the currency. I suspect their moves of adopting the technology, as a ploy of understanding or working to figure out a method of destabilizing the technology to their favor. However, their plans won't work, Satoshi thought it all through before releasing bitcoin. They would fear that bitcoin users won't fall for their wickedness and the manipulations they impose on the world using fiat inflation. Aside from the economic aspect in terms of money. The world still suffers for the pains war brings to us, whether as a libertarian or a capitalist.
1488  Economy / Economics / Re: How to be more effective working remotely. on: December 06, 2023, 03:42:43 PM
If anyone says that the success rate using remote work patterns is small then I am sure they do not understand the sophistication of technology, unless work cannot be done remotely. I prefer to work like this compared to having to go to the office in the morning and come home at night because our freedom is much greater and it's just a matter of taste for freedom at work.

 Wink Those who work remotely are usually people who are selected and have a high work track record and are able to adapt to current technological developments and are used to it. His duties are usually special, for example providing clear direction regarding decision making by presenting data and facts if at any time he cannot be present at work.

Indeed, not every staff is allowed to work from home, but that doesn't mean they're smarter than those who visit the office first thing in the morning. The company also demands punctuality from the staff who work in their houses. Most times they work harder than some staff in the office, due to the complications involved with working at home. Distractions do occur, kids running around the environment, roommates trying to engage in a conversation, and environmental noises. Which distractions, alters the concentration one thinks he'll get while working from home. And if the problem is not sorted out, the worker might experience lesser productivity working in the comfort of his home. Similar things also happen in the office environment, having colleagues checking up on you, and coming to your desk to discuss and seek help. A person who performs well by completing his daily tasks in the office will do a great job while working from home. If he maintains the same discipline of managing distractions.

The pictorial atmosphere of escaping the rigorous stress that has to do with traffic jams and car breakdowns while on our way to the office and back home boosts the idea of working from home for almost every staff. But, once the structural design of fixing our environment to be work conducive, is missed. The whole idea gets difficult and the person seems to experience more difficulty working from home than in the office. There are hundreds of advice for dealing with the challenges of working from home, which Op stressed out in this thread, about being prepared to work and positioning our brain like we're going to work in the office. However, the loneliness of not chatting physically with colleagues can lead to boredom. The best of it is making sure the work doesn't get pilled up such that we now miss out on our daily life after work. The luxury of working at home has made workers work overtime and helps single people with no kids or roommate, isolate themselves from society, derailing productivity.

Some challenges also affect productivity; and difficulty in cooking quality foods. Junk foods are common for such workers, as their time isn't scheduled anymore. They can end or begin the day at any time. Missing out on their targets, and carrying it over to the next day can be quite hectic, and the person wouldn't focus more on cooking good food or taking a break to visit an eatery. Hence, they usually fall back on preserved foods, which easily affects their productivity, just to reckon back to the hefty duties that await them. It never gets easy, working anywhere, especially around people who don't do similar work. There's a reason why offices were made, for people to focus and be monitored by their bosses. It's still okay, to work outside our homes, maybe in a favorable coffee shop or shared office spaces, to reach the peak of productivity. I've seen many workers in this category, who still complain about the stress that accompanies working from home. That's why some offices joggle it for staff, sometimes home workers will be invited to come work in the office.
1489  Economy / Economics / Re: Inventing a job is better than finding a job on: December 06, 2023, 01:56:54 PM
In the current financial climate it’s better to find a job rather than creating one. This is because the economic uncertainty & market volatility make it challenging for new businesses to thrive. Finding a job provides more stability & a steady income which is crucial during uncertain times. Entrepreneurship can still be pursued if you have a unique & viable business idea, sufficient financial resources & a thorough understanding of the market conditions. The decision depends on your individual circumstances & risk tolerance.
Running a business is quite difficult, but it's rewarding to manage a successful business. Many people pass through hard days; thick and thin to successfully achieve their dreams and goals. Long hours of creative and critical thinking, trial and error made many entrepreneurs forfeit their dreams seeking the promising job security of working for somebody else. Which provides them, with weekly, monthly, or annual income to sustain their livelihood. It still doesn't mean that employees do not struggle financially. The high number of unemployment in societies has convinced employees who are underemployed, underpaid, or work in an unconducive working environment to remain calm and claim all is moving fine in the cooperate world. The economic crisis hits hard on the business owners and employees suffer it the most, they get owed by their bosses. Companies borrow money and employees also borrow to survive. Both ways have disadvantages and advantages. However, the scalability of being a boss contributes to financial freedom. However, some business owners run broke with no means of paying back or reviving their fallen business.

Although, some employees earn good salaries, but still fight for a pay increase. They work every day and rest for a few days, only have a month for vacation. Unlike a successful business owner who can easily decide when to visit his office or how long he'll spend on a vacation. Big businesses or companies still offer their CEOs some sleepless nights, but not like the employees, who may work extra hours to meet their goals. In the case of a sole proprietor, with no employees, he can manage his business the way he wants, but the whole risk depends on him. It depends on the career part one needs to follow. Working for someone else is like offering our skills and experiences to the company. And it's quite helpful in advancing in our field, building a stronger network of business-like minds. Some employees in one company can earn more than a boss in a different company. But, one thing that separates a boss and such an employee, is future business advances. The business owner in a few years can either skyrocket his earnings or fail while the employee can easily lose their jobs, and whatever money they've made through the company disappears.

In making money, everyone loses money if their source of income gets worn out. Earning a huge amount of money can take longer years for an employee than a business owner. Here, I'm comparing a well-earned employee in a different company to a lesser-earning boss running his own company. You'd notice that the differences between an employee and a business owner aren't much to an extent. But generally speaking, the boss makes more money and free time and can retire at any moment. Unlike an employee who works with the companies' orders and instructions, until he gets to retirement age, and then relies on a pension. In a nutshell, what matters, whoever, we are or the position we hold in any company. It's important to provide good services. Then, have a vision to grow in our field. If you notice in my explanation, employees differ according to how they offer their services in the company they work. Experiencing a good time and salaries in the well conducive company is better than setting up a business that'll fail or render the owner bankrupt. One thing is certain, an employee can't earn more than his boss does in the same company. A hacker who works for Facebook can earn more than a boss who runs an offline business.
1490  Economy / Economics / Re: How do you deal with the exponential appreciation of Bitcoin? (for the oldest on on: December 06, 2023, 11:45:21 AM
You only think about Bitcoin in the context of investing because of the profit and the price, which is the main factor, but Bitcoin is actually much more than that.

Totally agree, that's one thing I often say in these threads.

I bought and spent BTC when it was only worth a few hundred $, and I do the same today.

This is another thing that I think hits the nail on the head. In the vast majority of the cases of the people that we met bitcoin years ago, it's not like we bought a large sum and waited for the price to go up without doing anything. The most normal thing is that at the beginning when you didn't know it very well you bought a little, and then you sold some when the price went up, but if you have done well over the years you will have maintained a positive trend of accumulation despite buying at some times and selling at others.

It's rare not to find a bitcoin user who hasn't made profits via bitcoin. The argument has to do with greed, earning too many profits. As you said, you bought at a smaller rate and sold during a time of a bit price increase. Somehow, we all have been through it, made a few bucks out of bitcoin, which we didn't labor to earn. Contrarily, all bitcoin holder has lost a few bucks in bitcoin according to the accumulated bitcoin. The regret arrives when we begin to see the bigger picture of bitcoin and the profit potentials of bitcoin, if we don't sell a single Sat. But, that doesn't matter as Lucius said; the technology is quite deeper than the shallow price trends attached to USD. Many hodlers don't sell regardless of the trend; bull or bear. A significant illustration of the power of bitcoin, as a currency, not an avenue for generating profits.

So, purchasing a product we once owned at a higher price than what it used to be, doesn't occur only in bitcoin. When cars were first invented, it was cheaper than what it is today. However, we can argue this in the form of inflation, as the old price has almost a similar buying power to today's price. Associating such ideology to bitcoin we can easily attest to the changes of bitcoin price as an increase in trust. When the price was cheaper, in a few $100 investors didn't trust bitcoin, with their money, that's why they didn't accumulate up to 20BTC. While those who did, sold it, because of personal real-life situations. Which is normal, and not a problem. Remember 20 BTC then should be around $2000, still a significant amount of money 10 years ago. In my country, 2000$ then was about $600 in value via purchasing power. I'd comfortably say that $600 10 years ago is worth $2000 today. Due to a change in dollar value. Since the dollar is highly inflated the price of bitcoin to dollar per BTC will continue increasing.

It doesn't remove the fact that 1BTC = 1BTC. The difference in inflation contrarily to bitcoin is that the value of the dollar decreases. The person who holds $600 10 years ago till date won't get any reward for hodling such an amount in fiat. But, $600 worth of bitcoin 10 years back is about 6 btc at a rate of $100 per coin, if I'm not mistaken. But the person is certainly rewarded with close to 200k USD. Hence, the price is huge enough to beat the inflation, giving back the investor a profit worth more than he invested. These statistics and calculations in price increase leave an average bitcoin investor or scholar to think they've missed on a golden opportunity. But, bitcoin opportunity doesn't come once, it's here looking at everyone interested in investing. It's still very cheap according to Lucius's response. The same year the price dropped below 20k dollars and now the reward is doubled and still increasing. In simple terms, bitcoin is a money that provides a huge interest but is highly volatile. It's better to save money in a bitcoin wallet than in banks. So, the profits associated with bitcoin, aren't the reason why users shouldn't trade their coins for fiat to settle bills. Sometimes we can run out of savings. Those who don't will be rewarded handsomely for saving money in Bitcoin.
1491  Economy / Gambling discussion / Re: Do You Include Or Always Include Gambling In Your New Year's Resolution on: December 05, 2023, 11:44:56 PM
Personally I don't remember doing such things, but would advise the addicts to add responsible gambling under the lists of their new year resolution. it'll be sad to continue experiencing hard times as a gambler in another year. Saving more money still covers for money management in gambling. Although, before the months gets to march, most people already forget about what they've written about the new year. Life is more like gambling. Nobody predicts how it'll play out. We plan, but situations, conditions, and activities changes our plans. Yet perseverance and persistent still wins for anybody who's struggling to change in their addiction. We can only begin from somewhere and follow it up till the end.
1492  Economy / Economics / Re: World is full of things what nobody dont need just too much on: December 05, 2023, 11:23:03 PM
When a product's demand is low the production would be high, thereby reducing the price and when demand is high the production is less, increasing the price of the product. In the economic world of today, things change. Many people go for the expensive clothes, still leaving those clothes like gucci at an expensive price rate. These terms about demand and supply in economics is referring to a general market, not just a brand. These brands have different customer base and work according to the rate of demands they get on their next production. And generally the fabrics industries can't run out of demands, people keep on changing new clothes. You're right, the world is filled with what people don't need anymore. Lots of rags wasted in the bin, every single minute. Humans upgrade their wardrobe to look neat. So, it'll be difficult for those designer brands to fall in price. Instead the price will keep on increase. Same is with the car industry. The demand of cars are still high, although second hand cars are getting cheaper, hence, only few go for brand new cars in the third world countries. The listed goods and products in your list, human rarely would do without it. Some food products like potatoes go cheaper because the demand is less and the production rate is high. Many other nutritious foods have gone extinct, due to the downfall in demand. Farmers no longer produce them anymore.
1493  Economy / Gambling discussion / Re: Sympathetic gamblers looses itself on: December 05, 2023, 07:42:58 PM
A player that keeps on gambling, believing that someone else had bigger loss than them, isn't serious about controlling his wealth. And sooner his facial expression would be similar to the player they pitied. They'll be nothing like consoling winning for any gambler. The house is also looking to win through the loss of gamblers. Gamblers are expected to be serious and mindful of the way they throw money into games. Why the players frown their faces, isn't comprehensible. I mean we were meant to enjoy the games. OP, when next you see such gamblers, ask them if they actually had fun? No need pitying newbie players, as they've received the worst orientation before becoming gamblers. If the behavior isn't corrected, the player will continue having a sad facial reaction, until anxiety erupts because of gambling. That means, they'll never have a good time gambling, during their long lasting period of gambling. Failing because others fail is common with humans, but the repercussion would be hard on gamblers as it takes more money from their pocket. So, comparing losses to someone else's own, before we stop gambling, is actually a bad practice as gamblers.
1494  Economy / Economics / Re: When the world is evolving, follow the trend. on: December 05, 2023, 07:12:41 PM
In most situations of life, it's not necessarily good to follow trends, but in terms of money changes, bitcoin is a type of currency to pay a close attention to, as it contains a different trend, in it. Although trends don't stay forever, that's why bitcoin shouldn't be seen as a trend, it's here to stay. Even most services pointed out by few members above, still isn't a trend. What is seen as trend are some business ideas that comes and pumps money for few months and then stops or maybe don't work anymore. Just like some online how to make money methods, that'll work for few months and doesn't pay anymore. Same is also applicable to offline businesses. It's important to invest our time on something unique and would work for years. Not just following any trend that pops up. Choices like that have made people lose out on their money. The worlds still sees digital money as a trend, same way they once categorized the internet as one. Along the line, internet proved to be so great and everyone hopped onto the technology. Most people who don't use digital money, has trust issue. Since no actual body would be held responsible for the lose of their money, if such happens. And scam stories are flying all over the web about people losing funds via digital money. Digital money like bitcoin still has to prove to the wide world that it's here to stay, and won't disappear one money like liberty reserve did. Those experiences has made lots of internet users not to venture into digital money. Soon, the next generation will begin to adopt digital money and evolve with it, but for the older generations, I don't think they can easily switch their minds.  In a nutshell, calling bitcoin a trend, isn't correct. Bitcoin is here to stay.
1495  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: December 04, 2023, 12:55:35 PM
We are well aware of the risks of gambling with stolen money, especially from loan sharks. How they did it? harsh and merciless. Still, lets go further. We know the risk when we bet our own money: if we lose, its gone. But what about the effects on the mind? A lot of the time, we think we're better than we really are because we're the lucky one. The danger is in the way people think, not in where the money comes from. Basically, gambling should be a way to have fun, not a way to make money. Remember that the house always has the better chances. How about some responsible gambling? It has to do with knowing when to stop and setting limits. The point is not where the money comes from, but how we deal with danger and reward. We gamble for fun, not to get money for things we need. The real risk is believing we can beat a system that is set up to make money
That's why we have to realize that borrowing from anyone to gamble is the wrong decision and we should avoid it because of the risk factor of loss that we can experience when gambling. We should take risks with our own money rather than use money from other people because, with our own money, if the money runs out, we are not responsible for returning the money. But we shouldn't need to use the money to gamble, let alone spend all the money we have. We will only have difficulty paying back the money we borrow if we decide to borrow money from other people. And it is true what you say that gambling is just for fun and not to earn money because that is a difficult thing to do.

Borrowing money is an experience, for inexperienced gamblers, to grow and understand the risk involved in gambling. Not every gambler prefer staking games with their own money and stopping when the money is gone. They'll try some more with borrowed money. If you remember a thread where a forum member wants to set up a lending service for gamblers. You'd notice how huge the number of gamblers that borrow to finance their gambling habit would be. Thereby leading them to depression and addictions. And from the survey, in the forum, many members responded that they'll never crowdfund an irresponsible gambler. Hence, putting the gamblers in a more severe pains, since their family won't stand for them in times of trouble or despair. It's quite a difficult time for OP and his family may not know about this, as he'd sound like a clown to them. This thread wouldn't sound like a warning, but a piece of advise for other newbies, not to be carried away by the effects of winning big in gambling, chasing loses or being too excited over a particular game that we spend more than we should, to catch up with the trills. Gamblers must control the way they spend money in gambling, everyone has other priorities or utilities that requires money, not just gambling.
1496  Economy / Gambling discussion / Re: I could have won bigger. on: December 04, 2023, 12:42:07 PM
Congrats for your win, what matters is getting the win with a small stake. It feels bad, but winning actually helps to cool off the anger. Sometimes our kindness wouldn't seem like one, when we begin to regret at some point. Yet, the $10 may have helped your friend a long way. I'm impressed you had the right predictions for the games. At least it looks mature, booking few games and staking a reasonable amount. Most gamblers, would play the game with few cents. Next time you can try with $10 and be careful not to lose on that. I've felt similar ways, after winning with smaller amount. I'd crosscheck how much I would have made, If I played with a bigger amount. But, that's how gambling works. No need to blame anybody. Sometimes the win comes with smaller amount and losses follows significant amount of money. Keep it up.
1497  Economy / Gambling discussion / Re: Money laundering in crypto casino on: December 03, 2023, 11:50:32 PM
No, I don't think so because there's another rule that hinders that. The "wagering" goal. We cannot just get in and out of gambling sites now because they are making us play first from our deposits before we can withdraw again.
So, money laundering won't be an issue with most gambling sites today because of that.
Then, most reputable gambling sites do have a KYC included in their clause especially if it will be big amounts that will be withdrawn or deposited. No stupid money launderer would go to untrusted gambling sites just to waste their money and risk it being stolen by that gambling site, so they will still try to take the less risky path but they will have a hard time getting out too because of all this rules.

Money launderers have a step by step way of cleaning their money. And following through similar methods as every other gambler won't help or doesn't seem secure to them. Sometimes, they'll prefer working with the owner of the online casino directly. Where their account can be funded by the casino, then they'll usher in big funds to the casino. A kind of peer to peer transaction agreements. More like in cases of CEX being accused of being used by money launderers, despite having all the sophisticated anti money laundering policy. They'll book an appointment with the CEO of the online platform to help them launder the money. But, since the loophole now depends on the third party CEO who can lead FBI straight to the money launderers. Mixers does the work right on their end. Any other online platform with KYC is a no, for such criminals. As one caught victim is enough, to trace almost everyone involved in the money laundering scheme.
1498  Economy / Gambling discussion / Re: Do not gamble with Loan Money~otherwise you will be in danger like me on: December 03, 2023, 11:37:44 PM
If you feel like people who do this kind of thing are just few and they are stupid, think again. This is so prevalent in the gambling industry that certain countries like Australia even had to impose a ban on using credit cards in gambling sites and sportsbets to make sure that no one's digging their own graves trying to gamble their whole life away. So yeah, real PSA for everyone out there, don't gamble if you can't afford shit. Gambling wouldn't give you anything but entertainment, the money is never a guarantee and by the moment you login your acccount/step inside the casino, you should already set your mind to the fact that you're not gonna win anything and you'd probably end up empty-handed after the ordeal, but don't let it get to you and just gamble for the sake of enjoyment.

I understand that these people don't know what their actions are all about, until they've landed into a bigger trouble. He was experiencing a fake love for his newly funded blackjack game. Despite losing, he felt taking loans would be a better form of extending his fun time. The goal was not actually getting his funds back, but to keep on being excited. Some utilities, aside gambling can cause these things, unless we take a break or run out of funds, the brain won't relax to this level of realizing we've been down 2 years back. He was a newbie, when he joined gambling, self control wasn't there, and a good adviser to stop him, even the lender should have stopped him. Although in such a condition, no word of mouth is able to change the person's mind or action. People who lend gamblers money, can have a rethink or do further research before giving out the money. Well, I don't know the current source of income for OP, but he'll need to find a better paying job, to fasten the pay back time. Predicting it'll take him 2 years to clear his debts, can cause him a breakdown, as he won't find actual fun, till he clears it all. The sooner he pays back his debt, the better for his mental health. Then, he shouldn't hide things from his closed ones, opening up is a great way of solving his problems.
1499  Economy / Gambling discussion / Re: Money laundering in crypto casino on: December 03, 2023, 09:17:42 PM
We all know the recent issue about the mixer status here in the forum. Crypto casino is also being use for money laundering by some criminals that’s why every casino has AML policy.

I’m just curious what will be the fate of crypto casino once money laundering activity from mixer will jump to casino now that mixer will not be advertised here which means it has less exposure. Is there any possibility that crypto casino will be seized by the government just like what happened to mixers in case they failed to screen the laundering activity?

I have not heard or read about a casino being taken over by the authorities for violating the Anti-money Laundering Act many casinos are licensed so they are fully compliance with the authorities they are very strict in implementing KYC, as you can see how gamblers react on these KYC.
You cannot compare mixers to casinos they are two separate platforms and they serve different purposes.
So I don't think there will be a crackdown, casinos are perfectly safe to promote here.

Under the mixer thread, you'd notice where it's written that mixers are not completely bad. The fact it's banned in the forum doesn't mean mixers won't exist anymore. The service is here to stay, and for the administrator of the forum to go against it, then something must have happened behind the scene. For the safety and longevity of the forum, I trust the decision is good for us all. The forum isn't against mixers, just that the promotion of mixers in signatures are prohibited. So, people would still use mixers for their businesses. Instead of running to casinos. Although the government will keep clamping down bitcoin mixers to be able to track dark web transactions. Casinos are off the sight, like you said, it's quite incomparable. Many big online platforms pay their users in cryptocurrency, does it mean the government will close them down for money laundering? No. Lots of illegal businesses use mixers to clean their funds, which when one of them gets caught, the FBI visits the forum for their investigation. Endangering the notion of the forum, people could think it's now a dark web or in support of their activities. Ok, lets get it straight, if the government stops casinos from accepting cryptocurrency, is going to stop the casino from paying their advertisers via cryptocurrency?
1500  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: December 03, 2023, 06:58:55 PM
It cannot be denied that every gambler tries to behave well and naturally if they want to win there, but this is gambling, the result will be determined by the house and we as players can only play according to our wishes.

That's right, for beginners and people who are already addicted, it will be difficult to behave well in gambling, they will lose control when in a gambling place they see a game that they think will be able to win the game, and even though they are not sure they will win, Yes, because it is a temptation to gamble, a person must be able to maintain good control and awareness so as not to be lulled by every temptation he sees and this also plays an important role in preventing its impact. gambling.
In other words, the gambling party has full control over whatever happens and the gambler is just a player who can only have fun enjoying every bet made and this is very important for novice gamblers to pay attention to not think of gambling as a place to earn money because otherwise we as gamblers will only throw away a little money to please ourselves without asking for our money back through winnings and winnings are just small bonuses that we get when visiting gambling.
I admit that currently many novice gamblers have the wrong idea about gambling because they think that gambling is a place to make money without looking at the risks and how gambling actually is.

"Gambling is tempting" is a term that needs to be explained further, as it could mean multiple things for individual readers. In your context, zuzie, that the gambler has to resist the temptation of staking on any game they see or moving further to gamble after losing lots of money, for the purpose of winning their money back. If a player is disciplined enough not to fall for the temptation like you called it, they won't have much difficulties as gamblers. Yet other meanings behind your term, could be addressed or referred to compulsive gamblers. In situations where they'll be tempted to do silly things like stealing just to make money for gambling. You'd notice that lots of tempting decisions drag addicted gamblers to conclude on bad choices. Which leads them into believing gambling is a fast way of making money. On the contrary, not every side of gamblers has full control over the decision they make. Many mistakes is fueled by either happiness or anger. And as gamblers, to be able to stay on a positive side, it's important to regulate these two moods, to avoid failing due to excessive happiness for winning or anger for losing. Win or lose shouldn't affect our moods as gamblers. Newbies tend to feel bad about losing like it's not part of the game. Whenever we schedule our mindset that gambling is only a place to win big, then we should also get ready for numerous mood swings.
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