The context of the OP's thread isn't correct in the sense that, a person who learned something can't be said to not have interest in it. I mean nobody forced him to learn bitcoin. So, at that time he was interested in bitcoin. But, to some extent. He did his research, and wasn't satisfied enough to invest into bitcoin. Yet, such a person has invested time, also, in learning bitcoin. Which isn't bad at all. Not everyone would practice what they've read. Hence, making your opinion very correct. His friend's decision should be respected at all cost. What if the going gets tough as usual in bitcoin, and Op's friend lose his money. Wouldn't he feel bad about his friend, whose consistent talk of bitcoin convinced him to invest money in bitcoin, while he had no such intentions of doing such thing. Additionally, personally, people always cut friends that wants them to do what they're into at all cost. Friendship should be respected. I'm not saying Op is forcing his friend to join bitcoin world. But, it's slightly close to that.

These people are the players who now play for fun because they already have the funds in excess. They control the market and may have bigger gambling troubles to control or worry about. They may now be worried more on how to manipulate the gambling world to garner more profits. I don't think they'll waste too much time playing slots. Their time would be mostly on manipulating slots results. As they're the house we are playing against. Gambling is not a one man game, we compete with them not AI. But, the bigger gambling troubles I'm referring to, is their efforts in manipulating sports gambling. The rumor that gambling companies control the scores of games, isn't just a rumor. It's somehow true. Because fixed games are what fetch these gambling owners more funding. The money they wager in manipulating results, is also gambling. As the highest bidder wins. If for instance a group of gambling owners wants a specific team in sports or a person to win a game they can use money to rub the match or boxing event. Hence, these things are most likely to be what bothers them, than consistently playing slots or card games with us that patronize them or collectively fetch them the huge amount of money, which they use in their con against gamblers. There're levels or stages of everything. The type of gambling we know isn't the type casino owners participate in. There may belong in a small circle gambling club, with higher possibility of winning. No need for them to always play games in their own casino. That wouldn't be fun at all.

I'm not confortable reinvesting bitcoin into the business. That's the argument here, as it makes me feel like I'm wasting the sats generated by the business. Similar to the example tweet I posted above. That's why I'd need a second business which can earn fiat, which can be used to invest on ads for my other business, which generates bitcoin. Thereby saving me more bitcoin and on the long run improving my profits. Since, the value of bitcoin keeps increasing. Reinvesting into the bitcoin business with bitcoin like you suggested has both sides of possibilities. First, I don't know how long it'll take the business to stabilize and generate too many bitcoin, such that I'd never worry about the few bitcoin funneled into ads and payment of assistants. Second, it could fasten the journey and drive me speedily to my destination. And because running a business is risky, it's nice to have plan B strategies. That's why I'd welcome a second business idea. To achieve my goal, I've tried several businesses, but to no avail. I'd think, also, about your idea. It's great to push one business to the highest top. I wouldn't have been bothered about this if the fiat is the primary currency the business earns. I can decide to invest in bitcoin, If I wish. Since it yields bitcoin, and the bitcoin it generates goes back to the business leaving me with little bitcoin is my problem. Though, having a business that generates bitcoin is also a proper means of generating bitcoin. Yet it always feels better to have them stacked and saved.


No it doesn't stop them, if they don't intend on building or expanding their business. As with the speedy growth of bitcoin, to me, it's not proper to let it slide without holding on the opportunity, which we are sure that bitcoin brings to those who hold. That's why we read and write about it, hence trying different ways of getting this right is also important. I do not regret investing bitcoin to the growth of my online business; blowing it up on ads. It's always difficult to save much when investing or building a business, which you believe would yield you more bitcoin in future. And also fetch you profits through bitcoin.


Yeah, not everyone who've tried their own ideas can continue devising fresh ideas, without needing helps or contribution from other people. That's the reason I created this thread. I'm not thinking this for the first time because of the tweet I just posted, no. It has been my greatest challenge and the reason I'm losing bitcoin regularly. And, won't stop until, I'd be able to achieve holding all earned bitcoin and spending all earned fiat. As a little drop of water can make much difference in filling a bucket.

A high number of cryptocurrency investors who are gamblers can be traced to have a high probability of gambling with cryptocurrency. Because they'll never see any reason to use cards to play games, when they can use crypto. Whether our predicted percentages are right or wrong. I can still add that in all predicted percentage, mentioned in this thread, of possible cryptocurrency investors who are gamblers, most of them are quite low compared to the high possibility of having many cryptocurrency traders who are into gambling. Hence, we can begin with the forum. Many of us in the forum are gamblers, or have in our life time spent reasonable time and funds on gambling. Taking the census from here, you'd see that the number of gamblers in the forum would bypass that of non gamblers. Only investors who are not actively into cryptocurrency can have difficulty participating in gambling. As they may have not touched their bitcoin in a long while. But, those who use bitcoin or read bitcoin everyday. They may have came across the widespread of cryptocurrency gambling in online gambling. Which can lead them to try it out and have a glimpse of the fun that follows gambling with our bitcoin. Taking it from this angle. I think active bitcoin users who follow the trend of bitcoin are quite very high. Compared to those who own bitcoin, but don't participate extraordinarily in helping the network. Other than the help they already render to the network by holding bitcoin. They don't do any extra task like; gambling, writing, trading  on bitcoin. Those who want to help bitcoin grow by any means still contribute in different ways like gambling or trading or marketing bitcoin through writing. You'd see that these category of people who go extra miles for bitcoin are enormous and the number of investors who use gambling as a tool to achieving such goal, shouldn't be seen as only 10%. I think they're way too far from such predictions.

These days adults are derailing from the ways they were being trained by their parents. Hence, the society gets even more difficult to control. I'd say that despite having greater possibilty of being effective, allowing kids above the age of 18 isn't a nice idea. Because not everyone of them are grown enough to take reasonable decisions against delaying the gravity of making easy money through gambling. Peer pressure still control these youths and only the strong or well trained can withstand the gravity that follows it. The worst part of gambling is playing or staking the money given to us by others, especially our parents. To stay on safe side, it's crucial to hand out spare cash to our kids, as pocket cash. Such that, whatever thing they do with the money won't affect the family financially. Whether they're adults or not. The world is becoming too wild and nobody can be trusted with huge sum of money, not even our kids. Most parents have been through countless heart breaks by their kids, who squander their hard earned money on gambling. However, it's good to test the loyalty and morality of our children, by giving them trust. But, when they begin to act strange, our punctured trust would lead parents to act the ways they do not expect. Hence, when investing money on our children, we have to be there because the money belongs to the parents of that child. Whenever, the child, begin to generate wealth for themselves they can spend their money, how it pleases them. Still it doesn't stop us from teaching them money management and laying strong financial or investment foundation for them to be responsible; money wise. As a bad financial behavior, affects the economic growth of not only the child's family, but the society too.

It's interesting to see how far you've gone in building self confidence while chasing a goal. In whatever we do, there is always a enough room to try applying it to our daily lives. Many have learned in this forum that consistency helps maintain our stamina in chasing our dreams and goals in life. It never begins easily. Those that continue despite facing difficulty and failure, do this because of their determination to reach a greater height in life. Your last line, makes lots of meaningful contribution to this thread. We're meant to have a historical approach in every decision we make in life. In this forum, it's definitely a good move to watch the stories of others and how they got to a higher rank from a humble beginning. I do appreciate seeing members who has been here for more than 10 years and still active. That only teaches us the importance of patience and persistence while following a route in life. Regardless of the financial rewards, but the connections and networks we build here in the forum is worth being applauded. The knowledge passed by people from different walks of life is very crucial in advancing our personal life. And most especially the way we reason. These processes of growth needed in the forum, prepares us for a greater future. And the examples of established members in the forum is quite a crystal clear evidence.  So, if we think the future won't be favorable for our present efforts, looking back on the present results and achievements of those who did similar things in the past, we'd learn to always maintain self motivation. Because their present, which is the future they foresaw in the past, is the evidence of the quality contributions they made in the past. Hence to gain a reward in life we must belong somewhere and at same time make valuable contributions.

It's possible for every human to experience this part of your writing. Diminishing return occurs in every aspect of life. And one catalyst to it is slow results. Most people who lose their momentum in the forum had lesser results, for reasons best known to them, especially members seeking to rank easily. When the ranking don't  quickly show up they'll definitely stop posting since it seems like their efforts are not being rewarded. It's similar to building a site and having no traffic to attend to, the webmaster won't stick around any longer. Most people here got to the point they're today; in rank. Because, the quality posts they made got merited by other members. It pushes them further to do better and present more quality contents. It's normal to have such a reaction as humans. Staying in a system for a long time can be tiring, that's why people move on to find other things doing. Paving way for new bloods or talents to replace them in providing quality. The journey is never easy. Newbies shouldn't stop showing up on daily basis. The more they're seen the better their visibility. Thereby, creating a rapport amongst other members who wouldn't hesitate to reward their consistent effort in making the forum a clean place. And helping in providing quality, over making spam responses and threads. Every thing requires time and the better we acknowledge this, the more we'll gain knowledge and dig further to find the interesting parts or aspect of the work we've found ourselves into. For instance, reading about bitcoin opens our mind to the greater possibilities behind bitcoin. And presents to us more ideas of what we can do with bitcoin to generate income. Other than that, we can also generate enough connections through the bitcoin community at large. I must commend the OP for crafting out this interesting thread. Keep it up!

It's funny to see a reaction close to mine, but contrarily a bit in the aspect that made your words funny; arresting your loved ones. Despite the action of these people or the damages they may have caused. We can't settle a fight with another fight. I think the best action is laying low and observing them from a distant. Because involving the police on this can add insult to the injury. Imagine it's a country where gambling is not legalized would that be an option? although this happened in a gambling friendly environment, yet the police still frown at gamblers. They're the society too, so it'll be disrespectful to embark on such a decision. The family will definitely face more difficulties, and no one would be glad to instigate double trouble in their home. What they did is very embarrassing no doubt and I see a future for the gambler as he may have a rethink. As nobody goes on without thinking of the bad treatment our loved ones has done to us. It's like an everlasting mark on the skin. Meeting a therapist is better than the police. A psycho therapist can swiftly handle the problem gradually. The best part of meeting a therapist is, at the end, the player can surprise his parents, by becoming a better citizen. Still, it baffles me you made this response, could you elaborate more on what may have led you to think this way? have you had any similar experience in your life? I've never seen this before and that doesn't mean I can't get angry to such extent if I were that gambler. But, paying back with love and care in a way that'll change me can be a better revenge. Thereby, helping me and the family instead of destroying the family or bringing more agony.

Yes, determining the actual percentage will be difficult, but any speculative financial trade should be seen as gambling. Although bitcoin is been used for trading purposes but on the other hand, traders and investors still do this, carrying lots of risks in their bag. The only relationship between the possibility of traders who gamble is that it's closely possible for a crypto trader to gamble. I don't think any trader would see gambling as a wrong thing. So, bitcoin investors can as well be seen as gamblers because they don't actually know what the outcome of their investment would be. I'd say in the process of figuring out this in a survey. It'll be easier to begin with the number of gamblers who play using bitcoin across all online casinos. You'd notice that most of them are cryptocurrency investors who use a fraction of their investment to gamble. With the sole purpose of trying to quickly multiply their investment. In similarity, they shouldn't be any much difference in comparing the both online activities. In the sense that both doesn't have a specific reliable means of succeeding in the act. So, I can say that a very high percentage of bitcoin investors are gamblers. Not minding the kind of games they play. In addition, some traders of bitcoin still get addicted just like in gambling. While some still chase loss by trying different kinds of altcoins in the market to be able to regain more profits. Which lands most traders into bankruptcy. The similarities are crystal clear, that we may not need to take any further survey about bitcoin investors being gamblers. The probability is high. Talking about KYC a good number of crypto casinos now conduct it, to keep track of player's real life identity. It could also be a better means of getting an accurate result. Then the rest, that is those who do not gamble in platforms requiring kyc can be exaggerated, to get a perfect result.

I'm definitely, or still, thinking about diversification. But in business or the kind of entrepreneur I'm made of, the goal is mainly to arrange or organize everything possible for the growth of my business. Most times when I think about it, I'd wonder about the same idea or advice you just coined out. I love the initiative, but can't lie or tell if it'll be possible to achieve that. Because running a business online isn't that easy. So much money still goes back in advertisement and all other expenses regarding my personal lifestyle. That's why I always thought of diversification as building a local internet business, to an extent where it'll yield enough fiat that'll never worry about investing bitcoin into the online global business again. Hence, worrying about keeping some bitcoin aside during these period of building the business can delay, in my perspective, the growth of the business. And, once the process mature it looks quite simple for me to hodl the bitcoin earned through the business. Yet running a successful business. This idea is fueled by the methods at which people can invest into bitcoin. Instead of throwing a whooping amount in purchasing bitcoin. It'll be honorable to earn and stack the bitcoin at same time. Since, it's a great idea, personally, I wouldn't expect it to be achieved easily. But, definitely the stage could be reached some day.

A lot of scam and hacking happen everyday and it's not new that most people who claim to be bitcoin security advisers still end up not following the right security strategy in saving their keys. What matters is following the right instruction ushered by these people. Whether the influencer practice it doesn't matter anymore. It's a sad experience to have meddled with that of his dad's investment too. Many people behave this way, until they become the victim of hackers. What would you say about those who still have millions stored on exchanges, despite all the alarms spreading in the market concerning not saving funds on exchanges.  It only describes how these people show less care about their privacy. And still believe they're safe. It only worries me to hear such situations as these. Isn't it awkward that he must have bragged about the amount of bitcoin he possess elsewhere. Maybe in a social club or forum. Since he's telling the world about his loss, that means he's been taking his bitcoin holdings publicly too. So, I wouldn't blame those who still doubt if he's saying the truth or not.  Because he looks like a person seeking attention or finding traffic. Why did his coin get lost exactly 11 years since holding. If he's been saving such an amount using an online wallet or a less secure technique, then he must have experienced such a set back long ago. However, it's bad to kick a fallen man. He still gets my benefit of doubt. I'd say that people should take custody of their decision. No one should be blamed for saying what they don't practice. It could be their decision. A lot of people still promote what they do not use.

Building brands on social media is quite an effective method of reaching out and interacting with customer complaints. Multiple amounts of brands use social media as a tool to build a strong fan base of clients. Which is the best form of marketing these days; community. But, considering social media Ads as the best form of marketing isn't quite true. As this could eat up or cost us lots of money without bringing sales for a long time. Though the ads are great, if the advertisers know how to set up campaigns. In digital marketing I'd recommend link building. Because these links would remain on the website forever, and continue to yield leads, so far the site is still alive. Marketing has never been easy, even during the traditional days of marketing. It gets difficult everyday. Due to the enormous increase in competitors. Our greatest competitor are the bots. That's why social media marketing can be less effective compared to SEO. Bots are all over the social media space and the impressions we get in Ads are mostly them, bots. Hence, while it requires so much time to get leads online, it worth the time spent. What matters is teaching through writing and maintaining consistency. The brand would gradually gain fans and followers. Thereby reducing the amount of money they would have been spending on Ad if they hadn't built a fan base.

I was thinking of having a different business that generates fiat while running the bitcoin business. You've got a great idea, by expanding the business. But, we'll still have to sell those bitcoin to push the business via adverts and paying assistants working with us. You'd notice that the bitcoin will still not be saved 100 percent. Which is the idea behind this thread.  Because looking at the growth of bitcoin selling them is a huge loss to the business and the entrepreneur. It hurts looking back like trying to change the hand of time and seeing how much bitcoin has been spent in running a business. Like the above example, 12 BTC spent 11 years ago. Though, no matter how we regret it's quite too late. That's why a second method of safe guarding, for a long time, the bitcoin earned. While running along with it a fiat business that can as well be used to maintain the other world business. Running a business that generates bitcoin without requiring us to spend those coins is the best means of hodling bitcoin. Talking about art, I've seen arts on bitcoin that rarely get bought. Unless during the era of NFTs. But, for artists that draw and ask bitcoin as a payment method it's a nice way of generating bitcoin. If they have different source of income, then their whole life doing the business they'll see no reason selling those coins. 

The family went to some certain extent to help their ward, but that won't be so effective, even if they published his face on famous TV shows. He'd find his way to gamble in a more private manner. Your number 2 question, OP, determines the reaction of the player when in possession of huge amount of money. If he loves his family, nothing stops him from showing them love after making it big in gambling. Especially to teach them that gambling can be good in yielding wealth. But, the reaction of his family isn't conducive by any way because it won't help the player to stop being a compulsive gambler. They're multiple ways of building relation with a friend or brother who is following the wrong route in gambling. They need to create an internal emotional relationship with him, thereby discussing with him about his difficulties and why he's chosen to be such a gambler with little or no regards to the bad effects it brings to his family. Better still refer him to a therapist, that will keep him busy by interacting with him. Embarrassing him in such a way isn't helpful. To me it's embarrassing to publish his pictures all over the neighborhood. This could cause him to be depressed. Friends and colleagues laughing and making mockery of him and the family. I think this will not only affect the boy, but the family members too. Gambling addiction can't be stopped forcefully. Suing the shop owners will only cause them to waste more money; similar to the player using it to gamble. In a nutshell, I don't buy such an embarrassing idea.

I don't think so, bitcoin is mainly used as a peer to peer method of transaction. People trade bitcoin at a large number every day. And only a few percent of them hodl bitcoin in form of an investment. Those who do hodl for long are quite the investors of bitcoin and those who hodl for few days should be seen as the peer to peer traders. Aside those trading bitcoin on exchanges the peer to peer market still boom everyday. Most people due to the volatility of bitcoin use it as a form of investment, for profit purposes. And because people hear the massive gains they make through bitcoin, using it as an investment goes viral than trading it peer to peer. They're multiple methods of trading bitcoin peer to peer; swapping bitcoin to other coins, merchants offering products for bitcoin, and selling bitcoin to vendors for fiat. Each and everyone of us who are into bitcoin may have done such transaction, but only a few amongst us have held or have the intention to hold bitcoin for 5 to 10 years without selling. You see why those who hodl for few days or months still fall in the categories of bitcoin peer to peer trade I mentioned above. Given a specific period of loss or profit, they'll go back to sell their coin. Which is not a good functionalities or attributes of an investor. No doubt when bitcoin is mentioned most people would see it, in their perspective, as an investment. Yet practically, the ongoing peer to peer bitcoin transactions is on the increase. Just that it's not fully discussed or popular like when an investor shows the profits they've made from holding bitcoin for 5 years. That's why people are being told to hodl their coin.

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Personally was going through some sales of mine in the past and the worth of the BTC I had spent few years back today. Thought about it, until I came across of a twitter influencer who also sold his products for bitcoin. And he mentioned he didn't hodl those bitcoin. But he worked strides ahead to build his business such that he'll hold every single bitcoin he made through sales. Same thing I linked to other people who sold products for bitcoin, many didn't hold their bitcoin. But, that's not the issue or problem. The question is what are the possible means of securing our businesses and at same time saving the bitcoin made through the services we render? Mainly I crafted out a new skill out of me that earns me local currency; fiat. Yet building a fresh business from scratch isn't easy, most often, I still use bitcoin to invest on the local online business. Still keep me yards back from achieving my goal of hodling bitcoin made through online business. Contribute your thoughts and personal experiences. As the influencer didn't elaborate how he made his possible.

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Similar to what I referred initially as promotional purposes. And when the owner plays such games as baccarat it's like competing with himself. Which is not considered gambling anymore. Only a few of them do play table games, that's why most people like yourself may not have seen them play. Yet, it's important for the owner to occasionally gamble, so that he can effectively communicate with gamblers with terminologies understood by them. This will help retain some customers. Especially when in an offline casino settings. 

It's crucial to begin from the learning aspect than teaching when we are not fully informed about the topic. Focusing on learning is always important here. For the time being read gradually and follow instruction. Good you are doing more of research than teaching at the moment. And when you do, teach, it'll be nice to always understand the topic very well, so that when you follow up the discussion, it'll help you understand better.


It's not easy to adapt to a fresh community or environment. Especially in this forum, it only gets easier if we follow it consistently. Trying to take the whole learning at once would be hectic and enormous. And I can relate with the way the this forum changes our behaviors and contributes to our interactive stamina with other people, especially when discussing about bitcoin. The wealth of knowledge shared in this forum, helps members to at least contribute to any discussion in the real world. It's quite an interesting place to learn and spend our time.