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161  Economy / Gambling discussion / Re: Making bets with my stupid friend on: April 13, 2024, 06:43:34 PM

Do you make bets with your friends?
What do you think about this experience  ?
 

Sometimes if they happened to visit me at my house. But I do practice deciding on my own most of the time. Reason? I don't want to have feelings of regrets when it comes in gambling because it could trigger a drive in me to make up with the losing bet (assuming that there will be since we won't be able to guarantee winning). When money is involved, it is a normal response for someone to be more logical and more practical especially on times losing is something that has a possibility to take place.
I think I have seen a similar nature thread a few weeks ago and now seeing it once again. I have never made such bets with my friends personally but it could be a quite fun way for many people. Especially for the ones who are students without job or earning. The winner can enjoy the food/drinks/other items which loser gives him as a treat.
Thought I'd be the only one to notice. However, I still chose to answer these question 'coz in such way I am learning to care for other people especially those who are unaware of the cons of doing so. To those who are still aiming or those which are interested to bet in such way, and to be entertained, you guys should just watch the game and enjoy things on your own.
162  Economy / Economics / Re: Will inflation become big challenge for retired people after 10-20 years? on: April 13, 2024, 06:12:30 PM
It is a challenge for everyone so what more with retired people recieving a fixed amount in every month? And this is already at the present; we will be needing that number of yours to see it, just open our eyes. Price of goods are becoming more expensive and to most of the third world countries wherein adjustments in salary takes long to reflect, it is clearly a challenge to make a living out of this problem.
It is already causing lot of problems for retired people. How much will this problem intensify in future ?
Not only a problem for those who have retired but almost in all people who do not want to invest as soon as possible, thinking by work will be able to meet all needs including desires forever, even though they can lose jobs or if they continue to work, inflation will make all needs increase in price and slowly become it is difficult even just to meet the main needs because salary increases are not comparable to the increase in food and others.
This problem will increase in the future specifically for poor and developing countries, and also for people who do not want to invest, because only investments can help us to defeat inflation.
Actually, what I am seeing now is young professionals having two or more jobs in order to catch up or adjust with inflation. This is just how bad inflation is; imagjne getting home from work and will be needing to do more, just to maintain a certain lifestyl you freely do before. Investments could be a huge help only if it would really be profitable and as we all know, things doesn't happen instantly and easily given how risk is present to all of investments. Unfortunately, I cannot also see that things will still be aided even in the future. Third world countries might even stay in such position due to economy's circumstances.
163  Economy / Economics / Re: Better Money: Gold, Fiat, Or Bitcoin? on: April 13, 2024, 04:59:14 PM
Depends on how will it be used. If it is for daily transactions then fiat would always be considered by more people given that not everyone are interested with blockchain technology. Also, transaction fees are still high at this point. Not to mention how volatile Bitcoin's market price as well, which could be a problem in particular with balance and stability of marketable goods' price. With gold, it is much better as an asset to be held for years. The long debate on which currency should be more used between Bitcoin and Fiat, should long be answered. I believe that these two would better just co-exist as modes of payment than to only pick one. Both has its own advantages and I guess this should settle it.
It depends on which country you live in. FIAT money is subject to inflation which causes its value to gradually decrease.  But inflation rates are not the same in all countries. If you live in the United States where the local currency is the dollar, you can hold FIAT money and the value of your money will not decrease much. But if you want to get profit along with this then you can invest your money in both gold and bitcoin assets but investing in gold has low risk while investing in bitcoin has high risk. So how much risk one is able to take depends on who is comfortable with which FIAT, GOLD or Bitcoin
Depends indeed on what country you reside. Bitcoin has been introduced for more than a decade and yet people still are not convinced to patronize it or make use of it the way they uses fiat. Much better if we will just use based on our preferences than to push the idea to all people we have no control of, in the first place.
164  Economy / Gambling discussion / Re: A gambler lost what he couldn't afford to lost and broke his TV after game Lost on: April 13, 2024, 04:29:15 PM
What did he get then from doing such thing? Nothing right? Just bigger problem. The phrase "only gamble an amount you can afford losing" might sound cliché, but people still keep on falling from it. Emotions are indeed hard to control especially when money is involved but that's already the reason why we should be preventive of such instance. Start it earlier than waiting for it to happen on your end. Keep in mind that no matter how confident or frustrated you are to win, nothing will be guaranteed simply because it is a gamble.

This has also reminded sometimes ago when a friend of mine told me that he has lost too much in couple of times in gambling because he has been engaging on too much risks of picking big odds all just so that he can have huge profits at his winning.
Ever since then, he said to have decided on picking low odds and accumulate the profits on a gradual process and yet he still lost even at the low odds.

He feels so frustrated and beginning to doubt that he does not think if there is ever going to be possibilities of winning in the gambling again.
I just smile because this is the same game who has been so comfortable in gambling simply because he could win then.
Now he feels the gambling sites is playing some trick on their games.


There’s a lot of gamblers think like this that they can beat the casino by applying some strategy that involves low and high odds in the process which doesn’t matter in reality since all games in the casino has a house edge which is impossible to beat especially in long term exposure on gambling.

In general, it’s impossible to beat the casino even using sure bets, arbitrage betting and other strategy that can guarantee profits because casino will surely seize your profit once they caught you doing this since it’s considered unfair for them if you bet without any risk.
Beating the house should never be the goal; just desire to win but be preventive of huge loss. Even if you win in some games, the house will always win simply because not all players are winning at the same time and with consistency. Having a mindset of fighting against the house will just leave you nothing but regrets at the end of the day. Focus on your game, manage your bets, and accept how gambling works not only for you, but to all of us.
165  Economy / Gambling discussion / Re: What is gambling to you, a fanfare or potential financial havoc? on: April 12, 2024, 07:04:54 PM
Both I guess. I do enjoy gambling due to thrilling experience but I would be lying if I'd say I'm not looking towards profit by any means; of course gamblers would expect for such thing which is why they bet in the first place. If one player is just seeking for entertainment, perhaps with sportsbetting, then he could just watch the game solely as a fan and without any amount of money involved.

This could yield to a split with the idea such that a girl should be and so forth. Losing will be always more certain which is why another purpose could be taking jts llace.. The only probem is with people's expancy just @
166  Economy / Gambling discussion / Re: Would a gamblers statistics in graph and chart form, be of any help? on: April 12, 2024, 01:41:43 PM
Basically yes. This would help them be aware of how they are doing as they gamble. Actually it is really a problem not knowing such aspect; tendency is for them to continue betting out of frustration because they are unconscious of the amount they are losing already, then the moment they knew, they have nothing left with them (in worse case scenarios). Statistics and numbers won't fail you to be organized. Effeciency with betting is what gamblers need to not cross their line of tolerance in both winning and losing situations. In such way emotions won't have a room to take over you whether to continue playing or not.

Problem with this is that, not all gamblrs are into such thing; some are too lazy to track it for themselves and same thing goes even if there will be a tool or app to help them if they won't have the initiative to apply it to themselves.
167  Economy / Gambling discussion / Re: Is Gambling A Hobby? on: April 11, 2024, 07:55:34 PM
A hobby is an activity you often do on your free time which I think makes it valid but not all the time and depending on what type of a gambler you are. If you have sense of control with bet and the amount you engage in gambling, then I guess it would be fine . But as we all know, in most instances, gambling is more of an alternative mode of earning thru being consistent. This idea also creates the misconception in gambling.

Indeed there are many peope who made big wins in gambling however, we don't have the same fate. Many people are just dying but are not yet still winning that much as desired, in gambling. It could either be a hobby or just a nother stream of addiction depending on how you will be making use of this industry in general or to the games only. If you are one who controls and have self-discipline then for sure entertainment is promised regarldess of the outcome.
168  Economy / Gambling discussion / Re: Why do some people hide to gamble on: April 11, 2024, 07:37:54 PM
There are obvious reasons; such activity is not allowed on one's family and culture, legal issues of gambling in your country, it could also be because you're not  proud of what you are doing and that you are having feelings of embarassment whenever others learn that you gamble, or you are avoiding other people to know because they might have an idea that you're rich from your winnings in this industry. However, regardless of the reason, for sure there's that one thing common to all of the players who does such thing; confidentiality. Not because you hide something, means you are totally ashame of it. You could have your own reason to do so and no one's should be really questioned of it, directly. Gambling is not a simple and small avtivity that is open to ALL people. Of course it has its own restrictions such as one's greed and control of emotion.

Whether you hide it or not, of course that would be because of your own reason.
169  Alternate cryptocurrencies / Altcoin Discussion / Re: how do you think meme coinis? on: April 10, 2024, 07:07:22 PM
I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?
Every coin has its potential to be recognized by investors. Meme tokens are just being belittle by most of us because it is often haaving no utility unlike with other coins. However, we saw it a couple of times; meme tokens haaving a massive price increase in a short period of time; imagine being able to ride the tide. Indeed, most of the time, hype and manipulation are the things which causes sudden price increase but that's still an opportunity to earn profit from investing to these coins, no matter how we look at it, that we should take advantage of whenever there is. Just be mindful that sudden price decline could take place and that is for you to watch out if you are aiming to engaage in meme coins. And if you are too worried, then there are other projects as an option. We do have different risk tolerance and appetite in the first place.
170  Economy / Gambling discussion / Re: Double your money and quite on: April 10, 2024, 06:37:19 PM

What do you think of this method?
Is there anyone among you who does it?
Give us one of your winning strategies, of course if that is possible.
I do this personally and I can attest that it does really work because it promotes efficient gambling routine. What I mean with efficient is that you'd be limited to numbers; amount you can afford and amount that would satisfy you. Honestly, this isn't easy to apply because it requires high levels of self discipline. We all know how tempting gambling is especialy if you're in profit that there will be times greed will take over your gambling behavior, having desires of earning more. Same thing goes with losing wherein you'd know how to accept that there are bad days in this industry. It is simply creating a good margin for your bankroll; imagine losing $100 on each day for 10 days than to lose it all on a single day. Although this doesn't guarantee profit from gambling but atleast it would lessen worse gaambling outcomes such as losing everything you have just because you are being furious of losing.
171  Economy / Gambling discussion / Re: How do you feel when you experience violence while gambling on: April 10, 2024, 05:53:57 PM
Never experienced one and would probably not be okay witnessing such thing. But if ever I will be in such situation and happened to be one of the people being caught, I'd just explain myself and settle things even the amount if needed. Well, this is the reason why I avoid gambling on casinos or wherein there's a physical interaction between players simply because I don't prefer that and often lose my focus with what I am doing, also with vices in particular with smokers which is a bit common with casino establishments, and of course violence. This is not something which happens on a regular basis but is at least expected because money is involved; something which creates enough drive for people to do things due to frustration and other negative emotions. We always have a choice and that includes moving to other gambling provider if your current is giving you trouble and uncomfortability.
172  Economy / Gambling discussion / Re: Have you achieved anything from gambling on: April 09, 2024, 06:58:12 PM
Entertainment and a little profit (in the long run). I did managed to buy a new phone from my gaambling winnings but nothing followed aside from amall profit sometimes.  I am not one with those who won the jackpot and really turned the table for them. Honestly, I never imagined being one of them since I am more into the idea thaat gambling won't change my life in particular with my financial needs because it will just create a drive in me to continue playing and bet more. Some indeed managed to buy a car but the idea that some people have lost their own, scares me for good. I'm fine winning and losing sometimes depending on my fate. The idea of acceptance gelps me to avoid gambling addictions which aare evident to those who brags and hungry of shortcuts towards a better life.
173  Economy / Gambling discussion / Re: Lottery Fever. What are your range of thoughts in response to Lucky Winners? on: April 09, 2024, 06:19:53 PM
Not fond of lotteries however, it is not a hidden fact that there are people who dies without even winning anything from lottery and it is all because of luck and fate. Happy for those who won but if they will be compiled, of course the number would seem to be big and will make lottery promising. However, keep in mind that they won on different dates and that simply means there is really a huge difference in ratio between people who won and people who keeps on losing. Perhaps 1:10m of bettors as an estimate, now, would it still be promising just because people who experienced winning shared their words which are not even representative to the majority.

i am not against such gambling activity but at least lt us be realistic. There will never be something as success in gambling through consistency and persistence.
174  Economy / Gambling discussion / Re: Will you depend on game predictions by supercomputers? on: April 09, 2024, 05:50:00 PM
Super computers or what, predictions are simply guesses which means nothing is assured and to the same reason, I'd choose to just base on my own to avoid regrets afterwards given the fact that there's no other to blame if ever it would be a losing bet. It is like allowing some other people to use waste your money and I can do it on my own. If such thing really has high rate of winning tendency then many people should be rich by now or by that time it would be introduced. No gambling provider would also be encouraged to continue their operation because they would be prone from abuse and it will cost a huge amount of money from them. People are just so desperate of gaambling that we end up thinking of a way to save us from consistently losing however, we should at least accept this idea before engaging in gambling industry.
175  Economy / Speculation / Re: Will BTC go back to $40K - $30K range before a bigger rally? on: April 08, 2024, 05:55:39 PM
If it is possibility in general then its price could dump that low especially if nig investors will choose to manipulate the price or to trigger the dump, or if anything could happen perhaps an event that woud push investors to sell and prioritize their daily needs such as with the pandemic has started. However, there is also this tendency that it could just play around its market price at the present until the halving occur. Bottomline is always without certainty when it comes to Bitcoin and other crypto's market price movement unless it actually happen.

If here's because you're worried then choose to hold no matter what if you can. But if in doubt then the option of selling early and wating for a lower market price would as well be valid. Just keep in mind that a sudden pump could also take pace which could leave you at the bottom. Make a decision that won't give you any regret and frustration. Do your DCA and make the right action for your own holding's sake.
176  Economy / Gambling discussion / Re: Story of my life on: April 08, 2024, 05:34:47 PM

Has anyone had the same experience before?
For sure it is evident with most of the gamblers except for those who are really lucky. But if you're one with those who doesn't win regularly, playing more frequent will just yield to bigger loss. Same reason why I never believed of the martingale strategy of doubling up the amount I lost for the next bet. We're having no assurance at all and things will just become a cycle; win 2 times then lose 6 times, continuing with hopes of getting back with losses then once you're close to that purpose, you'd desire of winning big but things won't go in accordance with what you want IF you are not lucky.

Gambling less frequent would at least save you from big loss and will give you time to gamble efficiently. Same thing with winning, if you know when to stop and what amount is to be secured for that day when you're in winning position, then things would go better than to push things and keep on being left with nothing. As I always say, imposing self discipline would be best than to chase for that much of profit. We just tend to forget that this is gambling and nothing's really certain especially winning.
177  Economy / Gambling discussion / Re: Online Gambling: Modern entertainment or highly addictive game? on: April 08, 2024, 05:06:45 PM
I doubt with modern entertainment given that not all people are into gambling activities, in both online and landbased. It just promotes convenience to gamblers who haave no time or personally prefers not, to visit a gambling establishment. Gambling is addictive to those who have huge drive for money and to get rich quickly; the bigger the drive, the longer your exposure, the more you're getting prone to addiction. If gambling is just an activity yielding to negative outcomes, then how come there are still people enjoying their experience despite of loss? It's because there are people who knows what amount are they willing to lose in exchange for entertainment and a little hope for profit. Those who are becoming desperate of short routes to success are the only ones which are contenders for gambling addiction.
Surely the online aspect of gambling has additionally addictive elements and it has also become increasingly easier to out your money in there. Whereas land based casinos on most places keep requiring stricter regulations. So it seems like the animations and proc effects in a online casinos are made specifically with addictive personality traits in mind because you really see them in games that cater to this type of person most such as low RTP slots etc. No wonder the online industry has been meeting s lot of success. Many players but fewer costs.
Depends on what kind of an individual or a gambler you are. Convenience is there with accessibility but if you have control of your gambling desires then I doubt you'd be in a bad situation in this industry. Even if you gamble a few times in casinos, if you will bet everything you have for a single nigjt, then that's the same with gambling daily even with small amounts. Self discipline is a virtue and that's the thing we should prioritize more than hitting the jackpot which will never be assured.
178  Alternate cryptocurrencies / Altcoin Discussion / Re: A few crypto questions. on: April 08, 2024, 04:42:05 PM
Hey guys. Just to clear up a little misunderstanding I've got. There's something I don't quite understand and it is what happens after people hodl coins and altcoins.

So, we all say that hodling is better than trading, yeah? And I think the only way to earn from cryptocurrency is by exchanging it for fiat currency, right? Meaning, the hodling is just for the value to increase over a while and then you still trade it right?
And for the altcoins, after buying altcoins, what happens if no one wants to buy them from you? You know a lot of altcoins aren't all that popular so how do people even sell off their altcoins? Can you even hodl altcoins?

I know those are a lot of questions, but I keep on getting it wrong in my head. So thanks in advance for the answers.

Misconception of what trading is and I guess it was comprehended literally. You might be referring to dy trading which is characterized by buying low and selling high. It is holding for a period of time until you're satisfied with profit which is the time you'd be exchanging it to fiat to buy something or make use of it. However perhaps you are about to buy a car and the company accepts crypto, then there's no need to swap it to fiat. All cryptos will be bought in the market as long as there is a volume. Indeed there are those which value have been sleeping and not having a volume that could give you trouble on selling it, but why would you engage on those coins in the first plaace wherein there are established ones already to free you from this worry. Altcoins can be held some are consistently increasing in the long run and one big example is Ethereum. It is normal to misunderstood some concepts and it is the right thing that you've asked. We just tend to generalize things if we know nothing much of it but that's not to close the doors from learning.
179  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your top performing altcoin this year so far?? on: April 08, 2024, 03:51:25 PM
Solana for me. There is a massive growth in the number of projects this year under its chain which I believe pushed its market value upwards. Others are SUI, ETH, and although it is not an altcoin, I'd still count Bitcoin. These are the coins where I am gaining at this point, but I also have a few holdings with other alts such as with some meme coins just to not let the hype pass. We know how many altcoins are there as options to choose from but I always tend to select a few from the pool given how unpredictable their market prices are. On the same extent I am able to track their charts and price behavior all the time. For now I'd be sticking to these coins and wait for further market confirmation but I am keeping my eye on some new projects for their presale. Diversification is always noted but never make it too scattered that you won't be on watch on each of those coins.
I will never invest in any altcoin (including top altcoin) for now, except

1. ETH
2. BNB
3. AVAX
Major coins are indeed the best option if you're into long term investment. ETH for sure would be on everyone's list but I doubt with BNB since there are rumored restriction with Binance, on some countries which could create an FUD. Being updated to these news are important because demand on a certain coin or in this industry in general could be easily affected by the slightest and smallest misinformation, so better be careful to dive on those which are currently having issues.
180  Bitcoin / Bitcoin Discussion / Re: DO NOT BRAG ABOUT YOUR BITCOIN on: April 08, 2024, 03:16:12 PM
The exact amount of how much bitcoins I have and how much money I am investing in bitcoins should never be shared with anyone else as I feel it must be a secret for me. I bragged about my investment to everyone and if I shared how much I had invested with everyone, it would surely bring us bad things later. By telling others about my investment, why should I unnecessarily create jealousy about my affairs in others? I am investing and I am taking the full risk of the money so only I will know about this and there is no question of anyone else knowing. Those who are real investors keep all the investment matters to themselves and they never discuss their investment matters with anyone else. Hopefully we should follow the type of investors who don't brag about their investments but prefer to keep their investments private.
Maybe it depends to who you aare sharing the information with but I agree, disclosing the exact numbers won't make any sense; the idea already is enough if your purpose is to somewhat give them a suggestion to consider the same thing. Problem is, many people are seeking for investment ideas but are just criticizing what ever it is to be shared with them, most of the time. This is what I am referring on choosing who to share those success with. Share it only with those who are curious of the process and not with the profit. Personally, I have experienced negativity with sharing investment plans. A friend of mine before got hyped although it is not my intention and panicked during the dip way back 2018, wherein he chose to sell and blaame me for it. But this experience is not to close the doors for those who are really interested simply bevause I was once there on that position looking for someone to guide me at least.
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