or, of winning a significant, more than 50%, addition to their bankroll, to be more precise Oh, did I read you right? It seems that now you no longer claim that it is impossible to consistently win from a casino (provided the latter stays provably fair in the process, of course). It is just that your winnings won't be that great. And most importantly, it requires a totally insane amount of patience and focus, which addictive gamblers simply lack for pretty obvious reasons (because so much patience requires a truly conscious effort on the gambler's part, i.e. not emotion) |
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I google it, didnt knew tbh. ive been doing kind off that, except without a plan, i bought a little everynow and then serveral times, but i might plan it better, i will for sure In your case, it seems to be the optimal strategy More generally, everyone who is an ordinary office employee and receives a regular payment not related to cryptocurrencies or trading is advised to employ this strategy (provided they want to get involved with crypto in the first place). Buying a few bitcoins now and then with a fixed amount of dollars regardless of current price means buying more coins at lower prices and fewer coins at higher prices, so in the long run the breakeven point will tend to get lower and lower, even without selling anything at all |
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Its still profit i my eyes Your eyes are deceiving you Given the current price dynamic, you are likely to do better with monthly purchases after all, or, in more concrete terms, with a strategy called dollar-cost averaging. It is a simple strategy following which you regularly buy some bitcoins with a given amount of dollars, no matter what the current price is (hence the name). You can look it up in Google if you are interested in specifics |
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Can it be then that addicted gamblers are acting against the way nature made us? Because they don't care about possible negative developments, and, at the same time, they have exaggerated emotional response to potential wins. Not to real ones, which would be quite natural, but to those that haven't occurred yet(and may never occur before they lose their bankroll), wins they cherish only in their imagination In fact, I have already raised the very same question in the past And more importantly, I even answered it, though I'm not sure if the answer will make you happy. The truth is, casinos turn the tables in their favor and make nature work against the gamblers. It is exactly their overreaction that saved their ancestors a few hundred thousand years ago in the depths of Africa which is now working against them https://www.youtube.com/watch?v=gldXUIMzw9AEspecially the trigger-happy ones |
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#Proof Of Authentication Bitcointalk Name: deisik Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=156665Current amount of Posts (Including this one): 23127 BTC Address: 15ude7kyiDbqGSH36FbcyRm1bHq37nxcLN In case there's an opening, I'm applying for a Legendary/Hero member spot in the signature campaign |
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My idea was to make a profit with all the upcoming events, even if i had to wait and hold it for a year or more i still think thats a good solid investment, after all its btc So how are you going to pay back to the bank? As you won't be able to hold your bitcoins bought on borrowed money when the time is up and you will have to return the loan. I'm curious if this thought crossed your mind too. If you are going to return some other money (as you seem to imply), then the whole idea makes no sense as in that case you could just buy the bitcoins with that money right away without any loans from any banks |
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Im not much into trading, but actually it crossed my mind this week taking a loan to buy btc , something like 5k 6k.
Hold those 5k 6k in btc while paying to the bank, and selling it when btc reach 13k 14k.
At current btc prices do you think its a bad idea? You don't need a bank loan for that You could just open a margin position on an exchange like Bitfinex within minutes and get done with that (and pay pennies as interest, for the record). People in this thread seem to be discussing matters (e.g. trading, as per thread title) which they are not even remotely familiar with. I understand when someone considers it outright a bad idea (the point that I entirely support, just in case), but when someone else is seriously discussing taking a loan to buy some bitcoins, that makes me cringe |
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This could be a great idea but, such ideas should be tested first to know its effectiveness for the voting system because, elections are a delicate system a society has, one error could cause negative impacts in it. One thing I think is the problem here is, about the people who have no internet connection or have no internet reception in their area. Online applications of votes could also be a subject to fraudulent acts that could hinder the true votes of the participants and might be manipulated in some ways.
I don't disregard this great idea but, I think not all society are capable or ready for this innovation.
The most optimal option is to test the use of the blockchain in some not-so-large elections, as an alternative to simple voting in the precincts Blockchain has already been used in this scenario A few American states like West Virginia have already tried it out for the US Congressional elections, if I'm not mistaken. And they are going to use the blockchain technology for voters outside the US territory (like the military and their likes) in the 2020 presidential election as well. Ironically, someone has also tried to hack the system and rig the results of the 2018 elections but failed miserably (well, as far as I know) |
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~
As a rule, we take our successes as something granted, something we have been born for. On the other hand, we are prone to strongly exaggerate our failures and setbacks feeling miserable, disappointed and resentful as if luck played a dirty trick on us. In short, we feel deceived Since we tend to apply this approach to almost anything in life, I think gambling can be of some help in understanding very important thingse It is the way nature made us To survive, we had to be excessively cautious of anything that was potentially dangerous to us. That's why most things which we consider beneficial don't cause such an exaggerated emotional response compared to things that are likely to hurt us. In simple terms, we are wired to overreact in response to negative events and developments as this is essentially a result of natural selection. Better safe than sorry Note: You can't improve anything in luck based games except the obvious commitment to not stake more than you can afford to lose Things are more complicated than that, but you already know it |
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~Indeed, your chances for a win are lower the higher the multiplier, therefore you are expecting to lose most of your bets, and when you win it feels like good luck to you. When you bet on a lower multiplier, your chances to win are higher, therefore you hope to win most of your bets. But when you fail, you start to blame luck and call it bad luck
I well remember when I was only starting my gambling career(if I may use the word "career" being not a professional gambler), and was exploring various gambling strategies, I was always blaming my failures on bad luck, and when I was winning I thought it was because of my skill. The fun part is that it wasn't poker even, it was dice ffs!  This seems to be a widespread and omnipresent mental bias As a rule, we take our successes as something granted, something we have been born for. On the other hand, we are prone to strongly exaggerate our failures and setbacks feeling miserable, disappointed and resentful as if luck played a dirty trick on us. In short, we feel deceived Because of this, the wins (in dice or anywhere else) don't have as strong an effect on us as our losses. So when we lose, it often feels like the end of the world for us. To put it another way, we are highly prone to overreaction, and still more so with respect to negative events, outcomes and developments |
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The truth is, there's going to be people on either sides of the fence, as well as people who sit on both sides at once.
Me, I'm about the process, since I only play games I actually enjoy and wager amounts that are negligible to me.
I'm not sure if you can sit on both sides of the fence at once Though I fully understand your line of reasoning. To make things simpler, we can use the example of trading as it is very much like gambling, and still more so with cryptocurrency trading (which is in fact a subtle form of gambling). Some traders are much like gamblers, they just feel the urge to make trades and see their orders executed. I think it gives them the comforting and deeply satisfying feeling of control, or at least an illusion of it But they are in minority, obviously. It means that most traders are in solely for the purpose of multiplying their capital, which seems to be quite straightforward and self-evident, right? However, this doesn't mean that they don't like the process, but they like it specifically because they expect to earn profits. It is essentially the same with gambling, so even if it looks on the outside that some people love both the process and the outcome, it is definitely about the outcome |
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I suggest that if you feel that you are like that, you may visit some professionals to help you And how's that supposed to work in practice? As you say yourself, "compulsive gambling is the uncontrollable eagerness on gambling" (personally, I would say urge or obsession, but it doesn't really matter). If you don't listen to your family and your friends anymore, if you don't care about anyone, what on earth is going to make you listen to some advice here (or elsewhere in the Internet, for that matter)? Just curious You cannot reverse the argument cause when he mentioned professionals, they are far too different from your relatives and friends. Professionals have their own ways on how they would assess the situation and condition things to make it change. It could actually be a great help if you would start consulting on a professional so that your gambling addiction would end and you can avoid any possible future casualties and losses Somehow, that's not my point altogether I'm not questioning the level of change that an experienced and highly-qualified professional can make. However, if the compulsive gambler in question is not willing to see any professional help at all or he doesn't even accept the reality of his addiction in the first place, how's that supposed to work out? The truth is a gambler who genuinely accepts that he is addicted may not even need this help after all. As already said on numerous occasions, this kind of addiction is not dangerous on its own (apart from its consequences which can be quite devastating indeed). It is a mild form of addiction, and as such, it is a matter of personal choice mostly |
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Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=156665Current amount of posts (including this one): 23117 How much merit have you earned in the last 120 days: 28 SegWit BTC Address for Payouts: bc1qhdl0cte0eapjaqftrmf07sgh88kngjru827cvg Will add signature, etc if accepted |
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Nothing's wrong with using small amount for trade, your friend already have consistent profit, is really better than get nothing. You should support him with his decision stay under $ 500 and not use money from bank. Profit is goals but trading is not always about money, there's other side we can get, such as time and disciplines, you can't exchange both with money I agree there's nothing wrong to trade by using your loan as capital There is everything wrong with that, but this is not what the poster you replied to said. There is absolutely nothing wrong with using small amounts to trade (to each their own), but this has nothing to do with borrowing funds from the bank (whatever the amount). Further, if you need some leverage, you don't have to take a loan from a bank at all. You can just start trading on margin. The effect will be the same since you are effectively borrowing from other traders (or exchange itself) This whole thread makes no sense if you can margin trade |
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It is always a pleasure to participate in this campaign. Hope we will see more of it soon
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Being lucky and being confident are two different thing; I guess OP might have got confused on these basic differences. Being confident me help you to be more brave and a proverb is saying "luck will favor the brave". This way OP might be right about being positive about being lucky may work on their way It is definitely not about the games of chance The proverb "fortune favors the bold" (and its varieties) refers to a situation where doing nothing inevitably leads to a failure (whatever that might come down to). In this case, being brave and doing something, even something extremely dangerous and risky, is in fact a winning strategy overall since you can still win despite everything and beat all the odds whereas sitting idly and waiting passively for your fate may bring about your failure and defeat |
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For example, buy more lottery tickets, this will somehow increase the chances of getting a winning ticket Hardly makes any sense It would make sense if what you could ultimately win, i.e. the prize money, exceeded the amount spent. However, it is not possible with most lotteries as there is also the "house edge", i.e. the amount which organizers take from the tickets sold and put into their pockets as their profits In other words, if you bought all the tickets, you would win nothing, only lose to the organizers and their premiums. In this way, buying more tickets doesn't really increase your chances of winning as it is in fact quite the other way around (yeah, I know it sounds somewhat counterintuitive but still) This might be rude but what @bitcoinst said was hilarious. Yes, there is somehow a point on what he said that it will increase the chances of winning but you will not still going to win the lottery just because you did something unique like that That depends on what we understand by chance here as well as what it refers to Indeed if you buy up all the tickets, your chances to "win" the lottery will be close to 100%. But is it really worth it? You may kinda win the lottery after all, but your expenses on the tickets are going to exceed the amount you will receive as a winner. In this manner, your chances to actually book profits (as this is what people participating in lotteries are looking for) will be decreasing with each extra ticket. And if we knew how much the organizers take (along with other specifics), we would even be able to calculate the precise value of this reduction per ticket |
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But only 1% to 3% of all gamblers are addicted ones. Gambling industry could do without them easily. Hope, you can see the difference As I said, I don't disagree with you But still you make it look and sound like casino operators profit from something else (house edge) other than their gamblers. Even if technically true, it is not the house edge, it is the money of players that becomes the money of a casino. Whether the money is coming from compulsive gamblers or normal ones is irrelevant from this perspective. It is a zero-sum game after all (plus or minus the house edge) |
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Usually gamblers want to be praised that is also why sometimes they show off most specially girls to prove or show that they are the real deal, but if you think about it logically there is no point showing off while gambling of you cannot controll your mental state It all depends on particular circumstances You may love to show off quite a lot, but it doesn't necessarily prevent you from being extremely focused at the poker table without paying attention to anything or anyone (nice girls included) other than the game itself, In fact, if you are that type of person and can completely detach yourself from anything irrelevant and unimportant, you can even tip girls to distract the attention of other gamblers and take advantage of their momentary loss of focus. But outside the gambling table, you can still impress people as much as you like, even more than your less fortunate fellow gamblers |
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and also almost every other site who offers bankroll invest feature does.
But wolf.bet doesn't allow public investments as far as I know So there is no reason for them to reveal this information to anyone apart from private investors (if there are any). And while we are at it, quite a few successful casinos that initially allowed investments from gamblers later disabled this option and paid back everything. Most likely, for the simple reason they no longer needed this money, so they didn't have to share their profits with anyone anymore, which a rational decision from a business point of view |
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