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1721  Economy / Gambling discussion / Re: What's your nice hit to leave the casino. on: October 22, 2023, 11:56:36 PM
Setting profit goals that the person needs to have to stop playing when they go to a casino, in my opinion, is something dangerous and could make the person addicted. for example when a person gets it into their head that they should win 1000$ and then stops playing and it happens that the person takes 100$ and spends more than 4 hours playing and is winning to the point of having 800$, but as the person has already said in their head that they must have a profit of 1000$, so they will continue playing even if they have to spend 8 hours of time in the casino, and at the end of the day the person will lose all the money they won, this will make the person feel very bad and you will put more money in the casino and this time when you can't win and make $1000 in profit

then the person will start to become obsessed with winning, even when he has no money, he will borrow money to continue gambling and as a result he will be sinking into debt and will become addicted to gambling and will lose everything that took him many years to obtain. . That's why I suggest that people don't set profit goals, don't set goals for the amount of money they must have to stop playing, what people should do and set limits on the time and days they can play

for example, they put something like: they play 3 times a week and only for 2 hours each day and they put a certain maximum amount to play, something like 90$ per week, as they would be playing 3 days a week, so it would be 30$ each day . With this the person would not become addicted and would not be using money that they cannot afford to lose. When the person didn't have extra money to play then they wouldn't play. It is important to be disciplined in gambling and in everything we do in life

Setting a time limit has its differences on people. Let's say for instance, the 2 hours set aside for gambling must be exhausted before the player leaves. Would such a player have the discipline to continue playing, if he wins big within 1 hour time? You'll notice that most players would leave earlier or play longer than the individual fixed time for gambling. Your advise is the best method for frugal gambling. But requires enough discipline. Because not everyone knows what their gambling outcome would be. And our mood, happy or sad, can deter self discipline to some extent. Talking about gambling addiction for a player that practices OP's technique. Depends closely on the amount of money the player holds. A rich player can get addicted and lose all. Due to continuous spending of money on playing to win big. Which could develop the gambling addiction symptoms in them. As they chase loses to win big, before stepping out on their PC. However a player with a planned bank roll can still  fit into OP's category and still not get addicted. Unlike playing for a limited time, the person can play for a limited amount of money. Such player can play his money until it gets exhausted, then they'll leave. Regardless of how long it took the money to end. Or, even they can get tired or need to do other things, they can stop. If I set aside, $40 to gamble. And along the line wins $400. I'll keep playing and enjoy the game, until satisfied. Such is the ways of a player with limited amount of money and no limitations on time.
1722  Economy / Gambling discussion / Re: Your doubt has no effect on gambling. on: October 22, 2023, 03:29:42 PM

However, I will say that even your doubt can not make a game that you are supposed to win lose, because gambling doesn't work with mindset, it works with the risk and not your fear. Why the risk is because if you don't risk your money in gamble, you will not lose or even win.

This is why the rich gets richer in all they do. The rich person would take more risk 1000x because they already know what it will amount to if they eventually win as it is either you win or you lose.

Yesterday E money bet with 5million Naira about $4,000 but he lost, so imagine if he had same bet that you won with that amount he lost, you know his riches will increase, that is what taking risk can do.

On your own part, imagine if you increased your staking power to $100, it would have also changed your life. Anyway that is what doubt does. Congratulations for the little you won.

It's great to try a high amount, but he just wagered what he is able to afford. I mean if he lost that money he won't get sad. With your lines of advise, it may not be nice for everyone to stake big, despite in doubt of their winning. The rich guys stake what's small to them, like Op did with few cents. In his own way, it's indeed a big win. I understand your points, but that's where the risk comes to play. Not everyone can risk a huge amount in gambling. We can't be sure if Op is capable of losing $100 like you said. Because, at first, he even doubted the cents he staked. He would have cancelled his bet if it were to be $100. Or maybe added more stake, which would have led him to lose money. The real thing is that his win made him glad. With what you said, the money he won, can lead him to try your suggestions. Remember greed can cause us gamblers to lose big. It can also help us to win big. Yet it's better our doubts fix the way we bed. If I played such an amount like Op did, I don't see any reason to doubt. Since it's quite a small amount. He could have made the thread to express his joy for winning with such a little amount. Nobody wants to get sad for losing a significant amount after thinking they'll win big. Hence, gamblers tend to try with smaller amounts that they'll be able to forget. We all have other things to do with money. Gambling is part of our utilities, but it's most discussed about as win or lose because it sometimes rewards us for spending. If a OP can purchase a product worth $10 without complaining, he can do that with gambling. But he may not do that everyday. Which is why he's decided, for instance, to play little amount. So he'll continue gambling all the time. Not everyone can spend huge amount everyday on what they enjoy doing; gambling. Choices are different, the rich folks most often don't stake $4000 every day. They play it on a high winning odd game. That's why they don't flaunt it on social media all the time.


1723  Other / Beginners & Help / Re: Can they be listed here for easy access? on: October 22, 2023, 04:50:23 AM
many are aware of the coming halving and the expected bull market afterward.
No, don't expect too much. It's not necessarily Halving is expecting to bull market afterward, because market condition today is different from previous halving. The world is in a condition of war, where we never met it before. All big country like the US and Europe just focus their economies on war, they prepare to cash just to meet what they need into the war. The world is not in good condition, the economy is in a state of chaos, and some observers say That the big country's economy will experience many problems. the big country will run out of cash for war costs. they prefer to cash than bitcoin.

So, you have to add a link to how to manage your psychology on the crash market.


I thought this through, and felt we also need to give trading a break. Some trading folks that made profits as traders changed their line of business and no longer participate in trading like in the past.  They complained about losing out lots of money. But, in the starting point, they saw good profits. On the long run, they can't separate their losses or wins. Quite complicated. Hence with the current world situation, it's a very crucial factor that can affect bitcoin. Although bitcoin has its ways of surprising traders with lots of profits. This time it can't be predicted. As the speed at which war rages in the society is high. War circulating round major countries in Europe, distracting the world power on the fight against economical melt down. Which could affect the growth of bitcoin after the halving. The bull run will emerge to an extent, like usual. Yet, how long it'll stay is slim; short. However, if bitcoin hits a high price, it can divert the attention of people to trade bitcoin. Even those who have avoided trading it. So, when the trouble on Earth is quite high and much, its a distraction. And people follow what's most important at the moment. Do they need to go to a safer location due to the crisis? nothing else can get them. Until they've gotten to where they'll love to stay. Using your context, when more people are in distress and fighting to save lives, bitcoin won't make them happy. Hence, going for bitcoin isn't a priority, at the time, to them. Such thing can dwindle the value of bitcoin, because people have something else that'll get them joy when achieved. Where I'm confused about this, is on the Covid era.
1724  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 19, 2023, 10:42:14 PM

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off.  But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. 

I think the end of block rewards has no correlation with the principle you stated.  This all depends on the seller and buyer.  Bitcoin supply in circulation will continue to circulate even though the block reward stops.  People will sell them in profit or in a loss depending on their situation. 

The 3 and 4 are the scenario when people are selling at a loss and as I stated has nothing to do with the block reward.

Quote
Wouldn't people look for other things that'll serve them, other than bitcoin?

People will always look for profitable venture whether Bitcoin supply through block rewards stop or not.

Indeed block reward has no correlation with it, but the circulating amount of bitcoin remains the point of view. What happens if the circulating amount of bitcoin users surpasses by far the circulating amount of bitcoin. The more people seek to get bitcoin, the higher the price increases. With it's finite supply; the end of halving. Those who sold in loss, did so for others to win. Meaning that it'll get to a point where they'll be an equilibrium. A good number of the population would decline if the scarcity of bitcoin keeps increasing. It'll then balance as a coin used by traders and for peer to peer transactions. Used only by those who own it. That it may be hard to get it via fiat. As most people would only prefer to pay for a product or services with bitcoin. Fiat still goes into bitcoin today, when the supply of bitcoin hits its benchmark. Buying bitcoin with fiat may lessen, as the top hodlers may not be releasing bitcoin to the market. A few thousands of investors can hold a huge percentage of the overall bitcoin in circulation, and decide not to sell. Which added bitcoins, helps the price of bitcoin to pump after halving. A good number of bitcoin has been added to the circulating bitcoin. Therefore, yielding fresh profits. Seeing halving as a catalyst to bull run. When that stops what could be catapulting the price of bitcoin like halving those. And bitcoin can't be predicted. It's not a product people kick when it falls. Most people still fear to buy bitcoin even when the price is very low. While others derive joy in investing during the bear run. These are the both parties in bitcoin. So, if the whole bitcoin gets mined, most people will buy and others wouldn't. Those that depended on halving, what else could be a hope to profit in bitcoin? Lots of factors influence the market, which includes; investors, miners, traders etc. These people will always collaborate to help bitcoin grow. It's certain a change comes in different ways. When that stops, all bitcoin has been halved,  they'll be a change in the market. As one thing isn't in existence; halving. That change is what can determine the future of bitcoin.
1725  Economy / Gambling discussion / Re: I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: October 19, 2023, 08:52:48 PM
The Australian Government once said about abolishing gambling ads as a means of reducing gambling activities amongst underage people. But, I think they'll be no successful way of stopping young people from gambling. As it's in them. Most articles here also say things like gambling addiction being hereditary. That means gambling can be hereditary as well. Because I just watched from a distant two kids below 10 years, staking bets, after a long argument about who the artiste of a specific song is. They later staked close to 40 cents each, for the person who gets the answer right. Then they went ahead to verify.

Gambling is inbuilt and also it's learnt from watching others do it, those kids would have seen others do it before they learnt it. They could have seen it on movies as we have betting scenes in some movies. They would have also heard others talk about doing it or seen them in the act as they're betting. We have many things we inherited that are in us but if we don't activate then they won't come out. Banning gambling ads will help reduce the rate of underage gambling, also the government's should restrict movies from putting to many gambling scenes in children rated movies.

Kids are learning things from different sources therefore if we want to have results in reduction of underage gambling, we have to look at all the places that can teach children how to gamble. Kids are always interested in doing things they see therefore when they see adults gambling, they'll also want to gamble to make some money. Teaching kids gambling education can also help them as they start to know the disadvantage of gambling at early ages.

Peers infect each other easily. And many things are learnt in school, than at home. Parents don't spend as much time with their kids, like the kids do with peers. They spend most of it in school. Most parents have only weekends to communicate with the kids. Thereby the friendship or relationship for the child to easily unveils things like gambling to the parents, won't exist. Kid keep most of these attitudes to themselves. And doesn't say a thing about it once they see an adult approaching towards them. They could be scared or not. Most times some things in the society is beyond our understanding. Especially activities that has been in existence for centuries. It's certain to meet school children whose neighborhood exposed them to gambling. It'll be simpler for other kids to learn gambling discussions from them. And then disseminate it amongst any available child. Similarly, they'll take it home and influence kids in their street or home. You'd see that the fight of controlling it through Ads doesn't add much meaning. Because in the school, a friend will definitely influence another. So, talking about gambling education, it could be beneficial, but easily will it be abused by the kids. They are known for turning things upside down. If they begin hearing gambling often and then in classes. It could lead them to gamble, for money. They should be a means of taking gambling off their mind. But that way may not be existence in the society of today. If we don't activate the inbuilt gambling habit, others, peers, can help us with that. It's like an involuntary action; gravity. And remember all parents are not thesame. Some are busier than the other. You could be training your kids to stay clear from gambling, while the other parent is not concerned or not aware of giving his kids similar training. They'll be a change of thought whenever your kid comes to befriend the other child whose parents don't care about gambling restrictions on kid. Who will be the influencer?
1726  Economy / Gambling discussion / I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: October 19, 2023, 05:43:16 PM
The Australian Government once said about abolishing gambling ads as a means of reducing gambling activities amongst underage people. But, I think they'll be no successful way of stopping young people from gambling. As it's in them. Most articles here also say things like gambling addiction being hereditary. That means gambling can be hereditary as well. Because I just watched from a distant two kids below 10 years, staking bets, after a long argument about who the artiste of a specific song is. They later staked close to 40 cents each, for the person who gets the answer right. Then they went ahead to verify. And I lost sight of them. I thought about, how come or who thought these kids about betting money during a long argument. I was able to memorize, back when I was a kid. We easily said, how much would you bet if it turns out I'm saying the truth; during an argument. It made me understand that, despite during those days we had no phones or access to the internet, gambling is somehow embedded to the brain of humans. Then, as a child, we weren't exposed to gambling. I could only remember of lotto, as a kid. But we still said things like "let's bet it"
1727  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 19, 2023, 05:27:14 PM
~SNIP~

He doesn't necessarily have to be a bad husband until such request emerges out of his wife's mouth. Mutual understanding plays a long role in choices and decision of people, especially married couple. The wife may come from a home where gambling is forbidden. She won't feel comfortable staying with a gambler for the rest of her life. She'll never get complete rest and harmony, until you stop and explain better. And it'll take a long time to build the mutual understanding before she'll allow you gamble or even join. But, stopping immediately she suggests it can help fasten the time it'll take before she gets comfortable with gambling. Because the attitudes we exhibit in a family can make the naysayer a yeasayer. She may have been set aside for a quarrel, before mentioning that to her husband. So, the best choice is to follow her guidance. Given time she'll wonder, why things changed with this particular gambler. Maybe the gamblers she's met in her life were toxic and would go crazy when someone tells them to stop. It depends on the beginning of the woman. Two wrongs can't make a right. Soon, the woman can see in the attitude of her husband that she, the woman, is wrong. The point is that agreeing to her terms should be the first step, towards letting her understand gambling better; mutualism. As she'll definite need her husband to know more on gambling. She'd ask questions like; why do you gamble? how did you start gambling? how much have you made in gambling? wives will definitely ask the last question. How we present the answers can build for the both parties a better discussion sections on gambling. With examples and proves. No matter how long it takes to convince her, it'll look like few days. When you look back. The fun of convincing your wife to understand the benefits and primary aim of gambling. Causes of gambling addiction. These are things that can be memorable and makes fun, the marriage. All can't be the same. Hence we must make every thing we do fun. Follow with caution.
Mutual understanding is the foundation of any relationship, especially marriage. In a household where gambling is taboo, the wife may be uncomfortable with her husband's gambling. it's human behaviour

Online gambling is about strategy, understanding, and discipline, not luck. You see, not everyone gets it. It's fine. Wives are naturally cautious of gamblers if they've had disastrous experiences. Communication, however, is critical. If the husband stops gambling immediately when she asks, it shows he values her feelings. Through open communication and understanding, she may change. She may ask why he gambles. When she does, he better have nice replies! Ladies constantly want specifics. Always

Thus, open communication and mutual understanding are the way forward. And remember, folks, always gamble responsibly. Playing well is as important as winning. Prioritise your relationship always

The three factors of gambling you mentioned can provide us with winning and money management. Thereby rendering the being lucky aspect of gambling useless. As it's normal for people to win in gambling. If they follow some strategies and get to understand how gambling works. Hence, they'll always have the capacity of withstanding anything rumor says. Because within them, they don't think of doing anything wrong. Even if the society does. First, no addiction. Second, gambling responsibly. It allows the player some advantage ahead of his spouse when it come to explaining gambling. Added to the fact that the wife is a critic and newbie in gambling. It'll be easier to convince her, since she knows nothing in gambling. The fun that follows is the benefits of not going head to head in a quarrel. As an experienced gambler. Unless a reckless gambler may face a hard time convincing his spouse. Thereby worsening the situation on the long term. Because she the wife won't be happy. Therefore, I agree with you where you said; prioritize your relationship. It'll be a double suffering if we lose in gambling and in our marriages too. The odd is to win at least 1 or the both. If we as gamblers take the advantage of people's desire for self improvement and respect or feelings. We'll definitely make them feel important. Soon or later, they'll replicate the attitude we've given to them. Saying she may change, is right because not everybody think in similar ways. But there is a high probability she will change, as many brains would fall prey to this technique. As emotional beings.
1728  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 19, 2023, 05:02:33 PM
Vilfredo Pareto was a great economist, and I personally studied and conducted research on the Pareto Principle for a university assignment. Anyway, back to the topic: although Bitcoin supply is limited, all coins will be mined in more than a hundred years from now. Making such an assumption now would be impossible. I highly doubt that Bitcoin one day won't be traded unless something extravagant occurs, such as a major crash, dropping its value close to peanuts and staying there. This would certainly deplete interest in Bitcoin, but not diminish it. With that being said, I believe that investors won't give it up easily, even if governments attempt to contain it, which I don't think is feasible or desired.

When the bitcoin value drops to peanuts for instance, isn't it as a result of the decline in people? Because changes in bitcoin price reflects the usage of people or any situation happening in the real world. Such major problem can be caused by difficulty in the world economy. Thereby financially affecting the entire bitcoin users. Aside that happening, the users of bitcoin or investors wouldn't let bitcoin get to peanut. Because of the profits and lose they've had in bitcoin. At a price as little as a peanut may not drive most users away. Only something uniquely new can do it. At a low price, the people know the high profits that awaits them if they get bitcoin at a cheap rate. And bitcoin is such a currency that works in favor of those who bought it very low. Also, since people won't run dry of wealth completely, they'll definitely invest on something that promises more profits like bitcoin. If a currency shows up from the blues and promises high profits to investors and traders, depending on the types of trades by Pareto. They'll definite try the new stuff out, which can affect the growth of bitcoin. I don't think it'll be now, as we are far behind from the time bitcoin hits a finite supply. Additionally, no such thing has been thought out by technicians to beat the concept of bitcoin. The government would have been the first to drive bitcoin users away to a new model of currency. Who knows, in next 100 years, what will fascinate the next generation of bitcoin users in next. Could it be bitcoin still? that will determine the assumption, if it'll be true or false.
1729  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 18, 2023, 11:00:43 PM
Some people especially in Asia still live with their parents and when their parents find out about their habits and the parents hate such kinds of actions, the consequences are not pleasing that's why most of them I think have been hiding this kind of habit until they have no other choice but to tell them about it. Just like my Brother's friend who got himself in trouble when the gambling den got raided by the police and caught him when he was in jail, he explained everything to his parent and confessed how and who people influenced him on gambling and it was his cousins.

In most traditions it could be uncommon to find people living with their parents. But for those culture where it's common, the young ones are also expected to acknowledge the fact that they're with their parents. And not engage in things that could make the family go through losses. Even if the gambler earns his income. If it's channeled into gambling he would be rendering the family a bad stewardship. Especially when he's losing it all. The player in the story, he could be free from gambling, afterwards. For opening up to his parents, when he gets out, his parents can guide him not to gamble again. The problem are those whose gambling activities are still hidden to their parents. Mostly, it'll be nice to be friends with our parents. As it'll help us easily talk to them about anything. Many good players don't unveil it, because they don't know the result; how their Dad or mom will feel about it. The journey gets easier for the play who opened up than the play that hides his gambling attitude. Unless in cases of grown ups, the gamblers that can control their actions. Many of them don't need to inform their parents, as all is maintained. As for young, growing players who still play hide and seek. It won't take longer for gambling to piss you off. Due to not being comfortable, while gambling with phone or laptop in the house. One day it'll be clear. More damages may have been done. It feels better when we discuss it with the parents. Sharing news on gambling with the parents. When they begin to get interest in watching or reading people's win and lose in gambling. They'll definitely start to relate with their kids. And ushering good advise to them. It's bad, we blame the day's stress, for being the cause of the day's lack of familiarity with our kids and wives. It can affect the growth of gravity. 
1730  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 18, 2023, 10:33:01 PM

To dominate the monetary system? for how long would that be? It'll surely get to equilibrium, to balance the market.  People will never get tired of using money. If a person is working on a business that requires E gold as the payment method. The person will hurry to know how he'll be able to trade e Gold. Despite e Gold being overshadowed by bitcoin as a payment method. The stay of bitcoin as a commodity with the most utility; money. The market will always move, maybe more difficult. Due to its finite nature. Many wouldn't want to lose for others to win. They'll fall back to the main purpose of bitcoin; as a payment method. Saving some bitcoin on their wallet. Regardless of the decision of people on bitcoin. They're lots of lost bitcoins. With no means of accessing them. Thereby putting a balance in between buyers and sellers. Now I understand why Satoshi tagged lost bitcoins as the helper of the market. Depending on what would make the buyer happy. A new coin or tech, if any, can overshadow the ideas of Satoshi, like his did to Adam back's Hashcash. The situation of bitcoin in such a market, may not be completely reduced. Rather, the news and methods of bitcoin marketing, will also fetch profitable outputs in future. Able to maintain the market. It all depends on the number of people that'll keep using bitcoin when that happens. For instance, de-valuating dollar to an extent people switches to something tangible. Maybe a different country's currency. Yet it wouldn't take away the usage of dollar. Because it's money. People must trade with money. And bitcoin has been serving the purpose of money non stop for over 11 years. It's indeed the future. There are many other generations that'll watch the performance of bitcoin in the financial market, which we may not predict today.
As the saying goes, "money talks." And Bitcoin? Bitcoin is economy's future. Over 11 years, it's served its role, proven its usefulness, and shown its potential. Now, I've always said, always believed, that Bitcoin is the way forward. The future is here, and it's the future!

E Gold? Certainly had its time. But Bitcoin? The Bitcoin took over. It ruled. It became gold standard. Bitcoin stays the same as the market evolves. It's limited, valuable, and permanent. People see that. They know the value of keeping their Bitcoins, even if some are lost. All about supply and demand. Simple economics

Despite new crypto, tech, and ideas, Bitcoin has proven itself. It's endured. Generations will see its strength, influence, and dominance. Like the dollar, it will survive despite adversities. Why? It's money. People always need money.

From my perspective, the future you are talking about depends on people's understanding of how bitcoin works. They'll get to the time when the world understands the importance of a decentralized monetary system. It'll be difficult for people to easily adapt to bitcoin at a young age. Most of the products breaking the market with sales. Are very old. But, bitcoin still sells more than them within a few years. Such a technology can't be understood easily by the people. As bitcoin may not be utility to them. I mean no reason to use bitcoin. That's why everyone has, somehow, somewhere, heard about bitcoin. But can't answer few easy questions on bitcoin. So, the growth of bitcoin depends on the number of people who understands the ways of bitcoin. Because with the developments within the decade bitcoin has been in existence. It defines or shows how deformed people are about bitcoin. Convincing or allowing them think about it and its benefits could be a good choice. But, the question is, will they ever come back to learn bitcoin? or is it mainly determined by the effort of others to teach the world on the importance of bitcoin. Because if a person uses dollar, paypal, or bitcoin they'll definite have folks that trades, with them, such currencies. Hence if a person doesn't have any business that requires bitcoin for payment. He may be hearing about bitcoin but won't learn it or use it. With the good and bad publicity referring to bitcoin as a ponzi, scam etc. Bitcoin still stands and progress, regardless. Due to its quality and provision to the society. When they begin to see the disadvantages of operating with centralized monetary system like banks. They can begin to venture into bitcoin for what it is. Money. So, bitcoin has to rally or compete with the government. It has dominated the cryptocurrency market, first. It's strong enough to stand for the world, without failing. Thereby placing it in competition with most used currencies, like USD, Euro etc. Bitcoin is gradually dominating the later. With its bull run season, more people will look into bitcoin.
1731  Economy / Gambling discussion / Re: The Drake's Curse. on: October 18, 2023, 10:02:10 PM
Yes, the story we are not sure about, how true our predictions can be about Drake's gambling money. If he was funded by the casino or used his private funds. Although with what is on the floor, marketing has become very tricky. And people are getting used to different marketing techniques. Such that when they find one, they won't hesitate to point it out. As a brand ambassador of Stake, most of his moves would be questioned by fans and the gambling public. One, the wagered money can serve as a jackpot to many gamblers. Hence, it gets us intrigued, and we may not accept the fact that drake used his funds to play it. Because it looks so big in the eyes of gamblers. Yet we may not concern ourselves if the money is quite not huge in the eyes of drake. He's been doing this time to time. Aside the publicity he's getting from his huge money gambling. He's never complained about anything or answered any question whether the company is giving him the money to gamble. I've seen gambling influencers, using fabricated slips to deceive followers into believing they made in profits, or wagered such an amount. So big that people will see them as rich gamblers. As a Drake fan, I don't think he is posting fake screenshots. So, if the money is revolving between Stake and Drake, it's beyond our understanding to point out what's happening behind the scene. What gets us questioning is, that feeling of getting bordered when losing in betting. Often times, he's not gone public to show his bitterness of losing such an amount. As it should bother him at least. But, since, he is being covered by Stake's money in most extent. It may not be a torn in his flesh. No one can tell how long the deal would last. Until, then we can determine what was actually going on during his stay with Stake. Whether he'll continue playing with such an amount or not.
We don't need to think that Drake uses his own funds to bet big money. Moreover, we also know that Drake has a lot of money. So even though he bet big money, he still has a lot of money to use for various things. And even if Stake funds his gambling budget, that's also good for Drake because he can help promote Stake to many people. And from that match, people will know that Drake uses a lot of money to bet.

I don't think Drake complained about his loss or showed it to the public. Also, Drake doesn't feel anything about his loss, so we don't know how he really feels.

It's still about how we see celebrities, according to Brucelee, they're humans and feel things too. And we may not know about how he manages his wealth. One thing I know of Drake is that he's doing great in music. Has top notch tracks in billboard. But his personal life is his problem. Where he grew, the relationship he had there and all, can make him do bad mistakes too. Remember he's human. He works hard just like any other person. The real story about it, I don't expect it to be all comedy. Drake is also losing to Stake. Unless stake agrees on giving him unlimited wager, which is impossible. The amount agreed to be his funds for gambling. May not be enough to satisfy Drake. Therefore, he'll still have some low key bets he places on Stake, with his funds. And only posts the one sponsored by Stake. To promote Stake. And most of the times, he loses on that too. Hence, he only gets his endorsement money in full. Other allowances can fluctuate according to the outcome of the game. Like I said, don't know his level of gambling habit. As it could be a determinant of what I said. One way he spends a lot and the other side he also earns a lot. He also works on how to save a lot. He'll definite not wager so much, because he has lots of money. But most times I used to see it as Drake's gambling moment. Whenever he posts a gambling slip on his page, isn't the only time he gambled. He may be participating in some low key gambling activities with visitors and close friends. It's what gives them joy. In a nutshell, It's possible he's making adjustments and also mainly posts bets sponsored by Stake. As an ambassador.
1732  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 18, 2023, 09:30:57 PM
Will you leave gambling if your future wife/husband tells you to do this ?

You must have been a terrible husband for your wife for your wife to say that you should stop gambling. Gambling has ended some relationships and marriage because of the lack of mutual understanding. I don't there is any reason why your wife will tell you not to gamble, not nice unless there is a reason that justify her demand, I will not do it because I will not stop her from doing her hobbies either so long it doesn't affect her marital vows and same goes to mine as well.

If she give her own reasons why I should quit gambling and points are pick, I will quit because I will equally do anything to save my marriage but if she just feel like I need to quit without any concrete reason, then I'm afraid I can't because some people naturally don't like gamblers, they don't want to see anything like gambling around them, I'm not sure why they are wired like that but those people need to chill, there's nothing wrong with gambling.

He doesn't necessarily have to be a bad husband until such request emerges out of his wife's mouth. Mutual understanding plays a long role in choices and decision of people, especially married couple. The wife may come from a home where gambling is forbidden. She won't feel comfortable staying with a gambler for the rest of her life. She'll never get complete rest and harmony, until you stop and explain better. And it'll take a long time to build the mutual understanding before she'll allow you gamble or even join. But, stopping immediately she suggests it can help fasten the time it'll take before she gets comfortable with gambling. Because the attitudes we exhibit in a family can make the naysayer a yeasayer. She may have been set aside for a quarrel, before mentioning that to her husband. So, the best choice is to follow her guidance. Given time she'll wonder, why things changed with this particular gambler. Maybe the gamblers she's met in her life were toxic and would go crazy when someone tells them to stop. It depends on the beginning of the woman. Two wrongs can't make a right. Soon, the woman can see in the attitude of her husband that she, the woman, is wrong. The point is that agreeing to her terms should be the first step, towards letting her understand gambling better; mutualism. As she'll definite need her husband to know more on gambling. She'd ask questions like; why do you gamble? how did you start gambling? how much have you made in gambling? wives will definitely ask the last question. How we present the answers can build for the both parties a better discussion sections on gambling. With examples and proves. No matter how long it takes to convince her, it'll look like few days. When you look back. The fun of convincing your wife to understand the benefits and primary aim of gambling. Causes of gambling addiction. These are things that can be memorable and makes fun, the marriage. All can't be the same. Hence we must make every thing we do fun. Follow with caution.
1733  Economy / Gambling discussion / Re: Will you leave gambling if your future wife/husband tells you to do this ? on: October 17, 2023, 11:57:11 PM
Will you leave gambling if your future wife/husband tells you to do this ?
And why did you decide to use future wife/husband don't you know that most members here are married already?
Well to answer your question. if gambling has began to affect me negatively. Then I guess my wife(I'm not yet married) Grin can tell me to stop gambling. We shouldn't allow gambling to create a negative impact on our life as well as on our relationships.

He may be reffering to those who are yet to get married. As the married men here rarely share their experiences with the spouse they married, regarding gambling. So, if in future such thing happens. Speculating. I'd look for a means to save the marriage. She could be right at a point. And if any problem arises through gambling she won't take sides with me. Which would be a huge family problem. But, my best move is not letting her find out about my gambling activities. Maybe play games when she's not around. Because she could be scared, her husband can gamble away all the money meant for the family. Women can't trust men when it's about sports betting or other gambling activities. In my response, it's not a bad idea to keep it at a minimal. Then give it a break. Or if the woman reasons alike, she can drop her listening ear on what I'll have to tell her about my gambling habit. If she does listen, she'll find herself getting interested in gambling. It's mainly about mutual understanding between the couple. And when we both are on a similar page, the relationship bond gets stronger day to day. Husband and wife can become gambling duos, watching their performances not to make big financial mistakes. It's also right if we try our luck on her, as gamblers, by trying to defend ourselves. If she insists, then I'll think of stopping. At least to stay in peace and harmony with the woman in my life. Because if gambling is not providing me fun and happiness in my home, then no point of engaging into gambling.
1734  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 11:43:46 PM

They don't work in reality. No way we could just win all the time from trading but also suffer losses (no matter what we do). If that is true, all traders are already rich but unfortunately, many are suffering losses and even quit.

These 2 things made innocent people think that trading is the answer to their ambitious dream (rich). But their bad experience helps them as well to realize that they were wrong. We have to keep in mind that trading is too risky, some people make a profit while some also lose.

let us put it this way, trading is not for all people. it depends on how passionate you are in this aspect. and even some of these traders can easily lose their interest once they are suffering losses after losses. so you do really have to dedicate your time and mental facet on this one to be successful on this activity.

Sure a win win market doesn't stay for long due to a finite supply. The product or commodity gets to a point where, it'll no longer be profitable. And continuing with such business can cause losses. I've seen such business, where people all gained. A group of people can stake money to purchase a product, then trade the commodity until they're satisfied. If they get the joy from the commodity, they're winning. Only thing is that such business suffer short term survival in the market. Hence, saying that a win win trade doesn't exist, isn't right. It could be you've not noticed such a trade. Most investors at one point finds a product that serve such market value. Where everyone wins. Take a business model for instance, where a type of wood is needed in the market. And few amount of people bought these trees and supply it. With the rate of sales and turn over, these investors will go extreme looking for such woods. To be able to meet up with demand. Thereby increasing the price of such wood. But to a point, where both parties get satisfied, the seller and buyer stops trading the wood. Because both parties will no longer benefit from trading the wood. As though, it has gotten to a stage where finding the wood is so difficult that it'll always cost them to loss before getting it. Hence, a halt on trading such wood will be the best alternative. That's what the number 1 is about. They can't trade it forever, that's why the market won't continue making them more wealth. Until a point where it all balances. People keep trading a product until they're tired of the utility. Which can be as a result of finite supply. Even in such trades like no 4 where people suffer loss, they're those who get reasonable profits from similar trades. Looking at it from a practical aspect, the use of or the existence of such types of trades, isn't a questionable one. They exist and is applicable in the real world.
1735  Economy / Gambling discussion / Re: The Drake's Curse. on: October 17, 2023, 11:20:27 PM
For sure that it is since they want to make people curious and discuss about what really happened there. Then now they are successful since they are now been talk my many people and that gather a lot of exposure to their casino that's why we shouldn't take the bets made by those influential people especially if there's casino involve in the picture since promotion will be their main intention and nothing else more than that. People need to be calm and ignore those winning or losses Drake made since at the end of the day he earn a lot of money to the promotion done for the casino he works with.

Now that they read peoples opinion regarding to this for sure with this they can think about other important thing that need to watch for rather than believing on those casino ambassadors.
If they want to participate in betting just for fun, they can do so because we do not aim to make any profit and only want to follow what they do. And yes, people don't need to think about what Drake made because as a man with a lot of money, he could have spent much of his money placing those bets. We also don't know if the money came from the casino where he worked or if it was his own money so we didn't think too much into it. We also don't know if Drake did it for real or if it was just part of a scenario they did so people thought it was real.

Yes, the story we are not sure about, how true our predictions can be about Drake's gambling money. If he was funded by the casino or used his private funds. Although with what is on the floor, marketing has become very tricky. And people are getting used to different marketing techniques. Such that when they find one, they won't hesitate to point it out. As a brand ambassador of Stake, most of his moves would be questioned by fans and the gambling public. One, the wagered money can serve as a jackpot to many gamblers. Hence, it gets us intrigued, and we may not accept the fact that drake used his funds to play it. Because it looks so big in the eyes of gamblers. Yet we may not concern ourselves if the money is quite not huge in the eyes of drake. He's been doing this time to time. Aside the publicity he's getting from his huge money gambling. He's never complained about anything or answered any question whether the company is giving him the money to gamble. I've seen gambling influencers, using fabricated slips to deceive followers into believing they made in profits, or wagered such an amount. So big that people will see them as rich gamblers. As a Drake fan, I don't think he is posting fake screenshots. So, if the money is revolving between Stake and Drake, it's beyond our understanding to point out what's happening behind the scene. What gets us questioning is, that feeling of getting bordered when losing in betting. Often times, he's not gone public to show his bitterness of losing such an amount. As it should bother him at least. But, since, he is being covered by Stake's money in most extent. It may not be a torn in his flesh. No one can tell how long the deal would last. Until, then we can determine what was actually going on during his stay with Stake. Whether he'll continue playing with such an amount or not.
1736  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 17, 2023, 10:56:40 PM
I've never heard my parents speak good of gambling. Hence, I can't inform them about my gambling activities. They'll not be glad about it, as they're not with other close relative whom we know are gamblers. When they go broke, it's common here to blame on gambling. I'll not get a chance of explaining why I gamble. Since they're not used to gambling, how then will there be able to accept what I say regarding the importance of gambling responsibility. They, parents, may have eaten the profits coming from gambling without knowing. So, to keep the ball running with no suspense. It's better not to inform anybody. I see it as a private life. Unless it's getting out of my hand, maybe becoming indebted via gambling. Then I'll safely inform my parents, to know their contributions in terms of gambling. And a new changed behavior. As they'll always be there on crucial situations in my life. Traditionally, a child should run to his parents when things are getting bad in their lives. Hence, if my gambling behavior is safe, and no one is getting hurt. I don't see any reason to tell my parents. As telling them can hurt, without my consent. Despite not living close to them, I keep in touch. And nothing as such has not be revealed to my parents. They don't ask too. Because they're not seeing those symptoms they see in other gamblers in me. Hence, they'll be no reason for them to fidget.
1737  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 17, 2023, 05:58:43 PM
Not only with Bitcoin. In general, wanting to get rich quick is a bad idea because it usually ends up with you losing your money instead of getting rich. And even in the cases that succeed, such as those who win the lottery, there is a majority that after 5 years have lost everything and in some cases are even more indebted than before they won the prize.
There are also other examples where those who won the lottery maintain and increase their wealth. The same can be said about Bitcoin, for someone it will be enough for 5 years for their purchase of Bitcoin to bring a good profit, and for someone during this time, at best, they will only be able to return what they put in, or if they buy high and sell cheaper, they will receive losses.

It all depends on the individual, the ability to manage your finances, manage your fears and emotions. This is all difficult work, everything related to finance is not easy, and in order to achieve results you need to work on your personality.

Yeah, the behavior of the person, can result to their efforts towards maintaining wins. Such as the desire to show off or win huge through bitcoin is like gravity. It can't endure delays. The person will be forced to move their money and throw it on their show off attitude. And others have personal means of extinguishing the fire of desires to spend on what doesn't matter in their life. However, since gambling is one top priority of that person, he'll keep doing it. There, his advancement to garner gambling skills would come to play. Most people don't care about how little there sold. What matters to them is their personality. Those disciplined gamblers maintain good monetary behavior. Although we tend to hear much about the stories of careless gamblers, losing everything on lifestyle on gambling. Than others who deliberately manage their gambling activities, money wise. Such people also exist in bitcoin bull and bear race. But the disadvantage is that they'll lose out. But, since it doesn't feel like they've lost completely. By holding some fractions of their bitcoin investments in fiat. They'll always do what's on their mind. We also have such people that sell after a bullish run. At least they went home with huge profits. That can set them financially free. With the duration different for every investor who made it to the bullish time. How much they invested in the business. While bitcoin requires time and patience, we need to make it count. At least investing on what will create happy profits. And I can't say, how bad it'll be for a person who is indebted because of bitcoin. Just like in Poker player's quote. Such personalities who find themselves in bitcoin is still better, because the bitcoin is safe and can be used to settle such problems. According to the season of bitcoin. The gambler being able to take loans to keep up with the standard of his gambling activities. Will easily be indebted with no source of paying some of the money owed. Hence behaviors and attitude goes a long way to explain people who act like this, not minding the field they fell into. Some fields can be favorable than the other. 
1738  Economy / Economics / Re: Will people ever get tired of trading bitcoin? on: October 17, 2023, 05:28:48 PM
These trading rules were developed by the economics genius Pareto, and they remain just as applicable today as they did then. Now when we're talking about bitcoin, it's an absolutely intriguing topic. Bitcoin is a game-changer, a disruptor, and it's here to dominate

The best trades are those that benefit both parties equally and in which no one loses, correct? Everyone adores and desires them. However, as you correctly pointed out, bitcoin belongs in category 4. The game is a zero-sum one. Someone has to lose in order for someone to gain. But this is when things start to get interesting. Bitcoin's strongest suit is its limited quantity. Its uniqueness and importance come from this.

When the quantity of bitcoin runs out, will people start looking for substitutes? Most likely. But keep in mind that Bitcoin has become the benchmark for cryptocurrencies. It is comparable to the dollar in the digital age. People have faith in it and trust it. Additionally, value exists as long as there is confidence. As you correctly stated, the market finds its equilibrium. While people's preferences fluctuate and utilities differ, bitcoin is one thing that never changes. The future is here, and it's a good on

To dominate the monetary system? for how long would that be? It'll surely get to equilibrium, to balance the market.  People will never get tired of using money. If a person is working on a business that requires E gold as the payment method. The person will hurry to know how he'll be able to trade e Gold. Despite e Gold being overshadowed by bitcoin as a payment method. The stay of bitcoin as a commodity with the most utility; money. The market will always move, maybe more difficult. Due to its finite nature. Many wouldn't want to lose for others to win. They'll fall back to the main purpose of bitcoin; as a payment method. Saving some bitcoin on their wallet. Regardless of the decision of people on bitcoin. They're lots of lost bitcoins. With no means of accessing them. Thereby putting a balance in between buyers and sellers. Now I understand why Satoshi tagged lost bitcoins as the helper of the market. Depending on what would make the buyer happy. A new coin or tech, if any, can overshadow the ideas of Satoshi, like his did to Adam back's Hashcash. The situation of bitcoin in such a market, may not be completely reduced. Rather, the news and methods of bitcoin marketing, will also fetch profitable outputs in future. Able to maintain the market. It all depends on the number of people that'll keep using bitcoin when that happens. For instance, de-valuating dollar to an extent people switches to something tangible. Maybe a different country's currency. Yet it wouldn't take away the usage of dollar. Because it's money. People must trade with money. And bitcoin has been serving the purpose of money non stop for over 11 years. It's indeed the future. There are many other generations that'll watch the performance of bitcoin in the financial market, which we may not predict today.
1739  Economy / Economics / Will people ever get tired of trading bitcoin? on: October 16, 2023, 11:43:37 PM
They are four kinds of trading according to Pareto; An immortalized name in the economics mathematical science.

1. A win win trade; one that the both parties win, hence the number of people into such trade keeps booming

2. Trade in which a party gains, but no one loses, and again welfare will definitely go up; more users and investors

3. Trade in which no one gains, but someone loses

4. Trade in which some party win and some loses, and increases the amount of profits of those who won.

People are wise, they'll go for one and two, but will trade on it until a point where people can't trade without getting worsen off.  But, in 3 and 4, where I placed bitcoin, especially 4. The trade cannot be profitable if people don't lose for others to win. Yet it has some qualities of the results of number 1, finite supply. When the supply of bitcoin ends. Wouldn't people look for other things that'll serve them, other than bitcoin?

People's interest can change in the market. Which is what balances the market. Difference in utilities.

No fud! just reasoning like an economists. Using their mathematical science. You can contribute or share you insights on Pareto principles; Pareto optimal and Pareto superior trades.

Thanks.



1740  Bitcoin / Bitcoin Discussion / Re: Give Bitcoin investment time on: October 16, 2023, 12:30:06 PM
Every feature of bitcoin requires time. Transaction confirmation takes about 10 minutes. Halving, 4years. Mining difficulty, 2 weeks. Hence investment time should be in place if we'll want to earn enough profits in bitcoin. Although the time is not constant like the ones I listed above. Most of the investors today, are looking for quick profits. They see bitcoin as gambling. Some rush to day trade, for fast return. Doing such things, makes investors to think bitcoin isn't profitable. But one good thing on bitcoin is allowing it enough time to effect changes. The volatility of bitcoin can only be combated with time. Those investors who didn't wait, may be regretting today. It's important to see bitcoin as we see other activities in life. Even it took us many years before we were able to read and write. Nobody began talking the day he was birthed. Same is applicable to bitcoin. The growth of bitcoin will bring lots of changes to it. And the investors who held for sometimes will be able to earn huge too, according to the increase in the amount of bitcoin price. A time is also set up, when all the bitcoin will be mined. The time for every transaction is also recorded in the ledger. The blockchain revolves around time, so we can track exactly when a transaction was sent. No need being in a hurry about bitcoin investment. What matters is staying patient and following the trend on bitcoin. Knowing our next move is also crucial as investors.
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