The main aim is to make some profit, but there's some fun involved too - some people like the moment when you're about to place a bet with the hope to win, and it's a good feeling when that happens
I'd recomend you to play only for fun and not for profit, because if you will play for profit only you might get addicted to gambling soon, while if you gamble for fun only you won't be. It's like basketball players, they play basketball for fun, it's their hobby and for that they also get money, you should think of gambling in same way, fun activity, just that you might get money from it Nice analogy there mate. If this is our way of mind setting, we wont get into trouble with gambling because we are not after for money but just fun - no stress only fun! And if we win, that will be an added bonus for us, cheers!  |
|
|
|
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
That has a possibility to happen but making bank disappear that is impossible. Bitcoin is not that powerful to make that happen. But if you want to save your money like in a bank you can used different wallet. Yes I agree. Bitcoin cannot make banks disappear. Like what you said, maybe they will try to adopt and open their banks to accept bitcoin deposits and withdrawals. Things that fiat money can do. You can loan bitcoin and invest. But it is hard again because of its unstable price. With time when people realize giving themselves the power instead of letting the bank have it is a far better way to live. The bank will just take you money and loan it out making fat interest on it yearly. Only if peer to peer technology replaces the loaning facilities that banks provide to users will they disappear. Most people don't store their money in banks already, but they do use them for home mortgages and business loans and the like. Correct, due to the massive info campaign that it is not ideal to save money on bank because it will be defeated by inflation, people tend to invest their money instead of saving it on banks. But there are still who prefers saving money to banks so it can be ready for use at anytime they needed it. |
|
|
|
Try to learn trading instead of gambling, in trading there's a lot of strategy that you can learn in just a easy way unlike gambling this game just making you a greedy on the money, trading can be a source of income a steady income aside from it you can just focus here in btctalk.
http://www.dictionary.com/browse/steadyIt's hard to see what can be steady earnings is trading. The best way for a steady income, especially when it comes to Bitcoin, is to probably join a signature campaign and always cap out whatever the maximum number of posts a day/week/month is, that way you get a relatively simple and consistent income directly in Bitcoin. Now that doesn't fit your criteria of not doing anything, so that's out of the question.
One potential idea is investing in a casino bankroll and get paid that way. I haven't done it in the past but with enough research I think you'd probably have a good idea of how it would all work.
I also find signature campaign as one of my source of bitcoin. Because for me the best way to get into bitcoin is to find a way to educate yourself in regard to different things about bitcoin. And one of the best thing is to try on reading in bitcointalk where you can read topic about bitcoin , trading and investment and you can earn at the same through signature campaign where you need to post to earn. And then used your partial earning on trading or investment for more income. Signatures come and go, there is nothing steady in this. People looking for steady income should look into stuff that have a contract a clause and terms not just and agreement made with two posts on a forum. There is nothing steady around here, trading is a gamble, mining is just as steady as the difficulty and most of the other jobs are just temporary. That is true but hey, even things with contract are also not as stable as it should be when circumstances are against the plan. At the moment, I like how signature campaign help with additional funds due to the rise of bitcoin. I am going to sign a contract next week to get a car loan and I use my signature campaign income to pay that loan - although I have other source that can pay the loan, I prefer it to be covered by my signature campaign earnings. |
|
|
|
According to defination emotion is an instinctive or intuitive feeling as distinguished from reasoning or knowledge.This means that the emotion is something spontaneousness and based in our experienxe.Most of the times you can't choose how do you feel or to remove a special emotion, but you can control your reaction if you are experienced and mastered in practise.
Good point Mariahh! Our emotion is just right there, now our prime duty is to know how to control it for our benefits. This is especially true to soldiers in the battlefield - they feel fear and terror of the war and yet, they choose to fight on. Hence, just like soldiers, we can also control that fear and emotions towards our desired goal. |
|
|
|
Is fluctuating bitcoin suitable for future investment? Because I think the time when the price can go down drastically and rise very quickly. Is it suitable?
If you are a trader, it is. You just need to keep your guard always. My new strategy right now is doing day trade with bitcoin against other altcoins, I have multiple trades every single day butI don't use all of my bitcoins to it, I guarded half of my bitcoins. When I have successful trades over total period of the week, half of the profit I encash it for fiat money and the half will be added to my trading bankroll. |
|
|
|
Yes,trading is an unpredictable job and altcoin trading is very much unpredictable.Since it is unpredictable,there are huge risks involved in it.But such risks could be minimized following some techniques.We should do fundamental analysis,technical analysis,read charts,read the ANN thread,see the market cap,find who are the big investors interested in the project and then we must select a coin to invest.Our success lies in finding out the most under valued coin.
Nice one there mate. You hit it. Also, when there is much volatility, aside from greater risk, there is also the best opportunities to earn - just follow certain strategy of coming in and out of the market and producing more winning trades than losing ones. With exchanges, you can hold for months and you will still win due to some pump of price from time to time - just hold the line! |
|
|
|
I have a passion to gambling so only feelings force me to come back time to time...  When you have this type of passion, you will always have the guarantee that you will comeback again and again to gamble. But if you will gambling as just your option that will help you to stay away in gambling. I had my control now and what keeps me coming back is when someone tries to invite me to gamble and I can't decline. that's the problem when someone who really influence you and you can't decline the request even you are trying to quit or stop you will then needs to return the favor and play back, gambling should take responsibly so if its a passion to you mate you needed also to take some important things into consideration. If you are influenced and can be dictated with friends to gamble, then you do not really yet have the ability to control yourself and much more control yourself when gambling. Controlling oneself is very important when you gamble because this way, you will mitigate the risk by stopping if you already have lost a lot and not chasing them. |
|
|
|
The games are very exciting and if you are lucky enough, you can win a decent amount from it.
Gamblers will always say that gambling is a good way to earn that makes them addicted.
Just moderate yourself when you gamble so that you are aware of it.
Gambling is indeed a good way to earn some decent income but the addiction comes from the individual's appetite to recover losses and that's the dead end which could cause you so many problems. That is really a certain way to cause lots of problems - when you are addicted to gambling and you no longer control yourself from gambling and even bet or roll in no longer according to your betting plan. The worst part is when you even lost all of your family savings and properties - that is the bad thing that could ever happen to you. |
|
|
|
Gambling is not really a bad thing the bad thing is not having a limit to yourself,
For example you loss some of your money and tried to gain it again by gambling and in the end you would just loss it again,
So just make up some limits on how much you could afford to lose and just play with that amount.
Gambling is not really bad at all - in fact, it is designed for entertainment. However, if the gambler uses all of his funds and even family properties and loses them all, that is a total disaster. The lesson is that, you should only play with the amount you can lose and just for entertainment - when it is no longer fun, stop. |
|
|
|
That's impossible to happened because all banks were fully establish and I think even how famous the bitcoin they cannot make disappear the bank. In addition for the year past bank was strongly survive even their a lot of competitors in the market.
That is correct. Bank will never disappear anytime soon. They are already an institution in our financial market. One thing that is more certain and that is a collaboration of bitcoin to banks and not totally disappearing with the latter. Banks will never disappear as the majority in our marketplace is using fiat money and not bitcoin. |
|
|
|
I will quit trading when I don't have benefits anymore,whoever traders have no profit in trading will quit and look for another source of income.As long as I have profit I will continue trading because there's another day to get over on it.Only I will quit if I saw the outcome that there is no hope to survive.
the profit will continue to come to the traders if they will have knowledge about trade and if they will have the skills of trade and so it is not fact that traders leave to trade but some people do not have good knowledge about trade so they often start to lose their money in trade and so they leave trade. as trading is risk and you have to take the risk only then you can make money from trading, some time we continuously lose money in trading so we should not leave or stop trading for ever, but we need to change our planning and strategy, through this way we can bring a better change in our trading result. That is true to change the strategy of trading when you keep on losing. I want to advise to only trade with exchanges and not margin trading - the latter is very risky unless you are a professional trader, you are good. Just don't carried away with your emotions when trading, stick to your plan and you will be good. |
|
|
|
Both for definite, the thing is, both have their plus and minus points, in this day and age Bitcoin and cryptocurrencies are far more practical but if the world does end you'll still want to have gold and silver on hand just in case, it's also a lot easier to store crypto's for the long run.
Yes bitcoin and gold is good to have. I believe that its just a matter of its uses. They have their own advantages and disadvantages. And I agree that right now is a age of bitcoin so many users says that its better than gold. But if it fades away or disappear one day they may realized that gold is still better than it. yes that is right that both gold and bitcoin have their importance in our life. Gold is surviving for long long time and people are using it as for saving, investment and for jewelllery purposes. I take it this way, gold will be my physical investment in the form of jewelry - I keep them on my jewelry box (ironically, I don't wear them, I just don't like wearing them  ) I only keep them reserve to be pawn or sell them when the price of gold is high. I don't invest in gold share, I own them. Bitcoin, on the other hand, is my virtual investment. I am only every single day so I have more time working on accumulating bitcoins versus gold. |
|
|
|
What are some of your biggest bitcoin regrets, and what were you thinking back then? Besides "not getting in sooner"  Obligatory: BFL  EDIT: Bitcoin "mistakes" go here =)Trapped in trading by buying high prices, and then down  There might not have been anything wrong with buying high, as long as you were able to wait out the market. However, I think that the problem that you are describing is getting caught up in the hype of the price movements, and then you buy as the price is going up and sell as the price is going down.. So you end up losing because you are doing the opposite of what you should be doing, and you don't have enough patience to wait out the market, which in bitcoin will pay off. So the better strategy is to buy on the way down and to sell on the way up. Easier said than done, but if you can exercise discipline to do that, then your strategy should be tailored into accumulation of bitcoin and waiting out the short and medium movements, and when you sell on the way up, don't sell too many because you want to continue to have bitcoin when the price goes higher than you expected, which can take some time to play out, too. Hi Jay, this is one of the best advice I have read here. And yes, it is easier said than done because we tend to be ruled out by our emotions versus our game plan of buying low and selling high. I myself is guilty of it that is why I always thrive hard to be disciplined enough in my trading and only follow my strategy without emotions. |
|
|
|
Of course there are times when gambling is really fun for the wins earned but when it gets lost, we will not be fun with gambling. So, the fun we get from gambling is when we get a profit.
agree with you, gambling is fun when we don't think that we can win money from the game, we only enjoy to play the games. if we are loss, we don't thinking much and still continue playing. but its only for a few people that would do this because the other gamblers have other reason to playing gambling which is for making profit. from this, they will know that they can not always making profit as they could be loss their money in the short time. to me i only play gambling for making money and not for fun, I respect that mate. I understand that there different kinds of person and their tolerance of risk. If you have the high risk tolerance, most likely you also do due diligence, per experienced, that you do some sort of strategies that works for you like managing bankroll, having different sessions, stick to calculated betting plan, and the like. |
|
|
|
The only smart way to gamble is to quit the game once you have won good amount of money and even after winning if you continue to gamble then at the end you will be surely loosing everything that you have won.
just think about this , when you quit gamble then it is not called gambling anymore right? and we are here talking about how to gamble intelligently not about how you should quit to make your situation better without gambling , you got it now? don't you tired hearing same excuses like this? gamble only what you can really afford to lose are part of intelligence. Yes, this is something which really needs to be sorted out. When you are not in the race anymore how could you say that you raced intelligently or you are the best one? It is not fair to say to a player to stay out of the ground and you will be on the safe end. When you leave you lose. The best thing is to advice to be sharper in your decisions and work more on your skills so you play better. if you believe that gambling are actually has positive EV then go ahead train your self to be a better player and get the profit as much as you can , but one thing that i know most people can not make it profitable in the long run , now are you sure about what are you saying? you just need to be a person who make gambling as an entertainment not make it as a serious job. That is true. The safest way to gamble is just playing it for entertainment and fun, period. Don't ever attempt to make it as your source of income unless you want to become a professional gambler and be part of the few percentage who gambles for a living - just bear in mind that this is not an easy route because you need to train yourself and be disciplined enough with your betting strategies. |
|
|
|
I do not gamble to much but it always seems that when I do, I take the loss big time. For example, I have lost over 3 BTC in the BustaBit game online. It is fun and I like to play but I always get greedy with it. I have won about 2.2 BTC back, but I lost more than what I have won. For some odd reason, I keep coming back over and over. I do not know why I do it, why do you?
You keep going back for just one thing alone, to recoup the monies that you lost but you will eventually end up losing more and until that cruel cycle breaks. In the end you may become addicted. Could not agree more with you mate! That is really the sad part of it. We should only go back playing just for fun with the money that we can afford to lose and not really playing regularly. That way, we will not be hooked and addicted to gambling. |
|
|
|
|
Hi Lutpin,
I just want to inform you that I am just promoted to Sr. Member and I also have updated my avatar and signature for Sr. Member.
Can I also join the Senior special pay/rate?
Thanks and more power!
Regards,
8Habits
|
|
|
|
I alway join new gambling site, test with a new method.
Never play a lagre money without any method.And the most important is controlling your greed. Be calm when you play and decied when you should stop after winning or losing a amount
Even if you do have a method it is still not wise to play what you cannot afford to lose, gambling is the riskiest form of entertainment since you need to risk your money to make money but with discipline everything will be fine. I agree and aside from that, we should also learn how to manage our bankroll by creating many sessions and stick to that session - meaning, when you lost on that certain session, you should stop and don't ever try to recover that session lost by betting more amount of money. You should learn how to stop and play with a new session. |
|
|
|
I do not gamble to much but it always seems that when I do, I take the loss big time. For example, I have lost over 3 BTC in the BustaBit game online. It is fun and I like to play but I always get greedy with it. I have won about 2.2 BTC back, but I lost more than what I have won. For some odd reason, I keep coming back over and over. I do not know why I do it, why do you?
You keep coming back because I think you are already addict in gambling and too greedy to get your lost money and once you bet again you will never know that you are facing the risk and theres a chance that you're going to lose again. It is not only you but most gamblers are facing this situation. So,I understand you because it is really hard to stop gambling especially if its your habit. Users were much aware of it, but the ease of making money as gambling can never be found anywhere else. This makes the users to come back even after losing. This doesn't looks like an addiction, but when they themselves loss the control and starts to focus only on gambling then it's pure addiction. I agree and when it also already becomes a habit, then that is the start of getting hooked and addicted to gambling. Just make sure that you have this discipline and control to yourself otherwise, better not gambling if that is the case. |
|
|
|
I think it's kind of a perfect fit because of the anonymous nature of bitcoin and how easy it is to transfer funds. Don't know if BTC will replace FIAT in online gambling but for it will be a strong competitor
For sure majority of gamblers are using bitcoins as it is easy and convenient to transact with. However, high-end gamblers may still prefer gambling with fiat money and on brick and mortar casinos. |
|
|
|
|
Show Posts
