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As I always say that Expectations overpower gamblers. Consider the risk involved before gambling because the potential win isn't guarantee either, OP was consume in his own quest. Of which every gambler should avoid chasing losses especially when you have exhausted your money which was allocated for it, there is always another day in everything but many won't like to follow simple rules which I believe everyone will learn the hard way.
The worst mistake ever is to obtain a loan just to gamble with it, mehn this sounds dumb. Loan should be for creative purpose this cannot be overstressed, how will someone obtain loan to gamble when you ain't sure of winning or have any other alternative to pay back. Gamble with what you can afford to lose and always ensure your stream of income or finances isn't channel to gambling. There is a better life outside gambling.
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Even if you have good time to spend, limit yourself. Gambling is not the right place to spend the majority of your time. More money you spend could help with better understanding, but your bad luck could make you addicted as well as lead to huge losses. When you spend limited time, what you spend gets limited, and it'll be easy for you to overcome addiction. At any point, you should not force yourself to gamble. When you're free, just go ahead and enjoy. For people who prefer gambling regularly, sports betting seems to be a fair choice, as one can place the bets and leave them for the day.
If you are afraid of being addicted or addicted to gambling games then don't gamble. you can limit yourself but I think all beginners in gambling are aware that gambling can be addictive, but why do you still do it? There are many types of gamblers, some of them only gamble on weekends. it's because of the holidays that they have enough time to play. Some gamble every day when they finish work. everyone has their own free time. but we do have to regulate how we play. We must remember that there are more important activities than having to keep busy with gambling. Exactly, we have important activities that we need to be busy about other than getting too glue to gambling. In essence I think what OP would have emphasis on is, our gambling activities should be limited and moderated not about free time. Even during free time we can come up with issues yet to attend to, or stuffs we wanna build on. Moderation in gambling activities help a lot. We can't consume our free time because of gambling, all just gear to how each individual react to it though with our different rules and approach to it. |
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At this point I think that any game can get people addicted, I could talk about craps, slot machines, roulette, because what makes a person addicted the most is the fact that they have to bet a lot of money and they just want to win. . , then sometimes the person only focuses on what they should earn and the money becomes something else, and that is not good, it is dangerous because it is an indication that they can fall into an addiction and that is no longer negotiable, well What I say is that the main thing about this is to take care of yourself and avoid mistakes that hurt us in the future.
True. Expecting much, and only concerned about the winnings forgetting about losses (how to reduce it), that might be incurred in such game. As I do lay emphasis that we consider the risk involved and how we can react to it meaning our risk tolerance level before considering potential win which isn't guarantee either in gambling or betting. What another gambler see as addictive might not be same for another like your favorite game isn't same with mine, so we can't ratio it. Betting in Football is what i think majority is addicted to especially during seasons. |
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Nice move,OP. You just need build more fanbase, and have more exposure in gambling activities because many will demand more from you. I can not say wether it's bad or good, you ain't the first you just need to avoid give them the all win believe also make them understand the risk involved. It your decision nobody will decide for you.
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Even the stigmatization of the poor is now in gambling, am not bais but I remain on the truth which is everyone have a levelled ground when it comes to gambling. Before I will agree with you OP, you will show me the report or statistics that backs your point, you can use your sense of judgement to bring to conclusion even in your observation. The rich loss too, both rich and poor loss and win, if the rich are separate then they shouldn't do what the poor do which is gambling, moreover true rich men don't Gamble.
Pathetic topic, have we not seen a poor man that won a jackpot and his life change why wasn't it fhw rich man,lol. I haven't observe that like you, OP.
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Apart from the Mental health which I dim fit to be useful, when it comes to Trading especially at old age. The rest aren't worth listed, they are subjective to the Trader and doesn't in anyway correlate with your Topic that Trading isn't a lifetime Job.
Trading can be a lifetime Job for another, side hustle to another person either ways I don't see our Job too to be lifetime there is always Retirement so it is but when it comes to Trading you choose when to exit or become present. So Trading become lifetime or not isn't decisive by anyone to another.
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Trading is results are never luck. Trading is simply about skill, acceptance of losses or win, and risk management.
Your brother loss is very normal, why it became worse is because he didn't apply proper risk management which if he did won't have amount to such loss, besides he doesn't understand anything on how to trade. I don't see a situation whereby watching of YouTube videos will guarantee one to trade instantly without back testing, understanding market logic over and over again.
He has learnt the hard, all good. Nextime he should be patient before jumping into the market and I suggest he keep on, overtime he will be a sharp Trader.
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I think If we want to earn profit in trading then we have to correct our choosing factor also , one of which is the currency you choose. Sometimes we invest in a currency after seeing it go up quickly, and then soon it starts to lose. This loss is caused by our wrong choices. So we should always be careful in our selection and preferably invest in top 20 currencies. Investing in top 20 currencies reduces risks and keeps your investment safe. Investing in selected currencies with good research and accurate market information reduces your chances of loss. Avoid investing in haste without doing your research and market analysis and make top 20 currencies your first priority. This way you can get better results in trading and avoid losses. And can earn profit.
Exactly because many people are trading without them making any research on the platform and the areas they were not good that were making them to lose. They have to know the areas that they are not doing well in the trading process. And also they should not greedy in their trading because greediness makes many people to lose or not making any profit from their trading. And many traders do not understand chart so when the market is about to decline they would still be trading and immediately everything that they have gotten would just disappeared. If you want to profit from trading you have to understand the candle sticks and the market chart 📈 📉 so that you will be full aware and understand what is happening in the market. Don't just rush to the market. That's right, understanding candle sticks and several other components that can provide us with information to determine price movements will help us to determine the right time to buy or sell cryptocurrency. But the main component that we must have is patience and must not be easily influenced by the situation at the exchange. Sometimes when the price rises high many people want to enter and after entering the price falls very deeply. This is why it is important to keep your patience under control so that you are not easily affected by situations like this. We can control patience only when we control our emotions. Emotional decisions in trading lead to losses, so people who cannot control their emotions while trading should use bot trading. Bot trading is a way to get rid of our emotions because bots are emotionless. This automated system analyzes market trends and makes decisions without any emotional intervention. Thus, bot trading helps us to be organized and careful. It improves our trading strategy and reduces the chances of loss. Everyone talking about Emotion, if emotion was to be a Man, Traders would have killed him. In as much as I know bots still have high chance of losses and wether or not, you are still in charge of the bots of which if we say emotion there is still possibility of you doing whatever with it. It doesn't improve your strategy in anyway, except the one you programmed yourself to test the market with your edge. We need to understand difference between Patience and Wasting of time when it comes to Trading, one can be wasting time in the name of patience. In essence develop your skill set, have an edge, build confidence and Mastery leave emotions and patience they are innocent. Accept the losses and move on. |
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I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the , market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first.
Understanding the system does not in any may mean we must watch the candle sticks. Watching of candles stick is talking more of trading and of course that is not what we are talking about. You need to start investing in bitcoin than watching those candle sticks of yours because that will delay your investment approach. I think it's important to note that you have to start investing in bitcoin and stop procrastinating and looking at bitcoin movement because surely it not a stable coin but a volatile asset that will increase over time. Surely there is hope and the future of Bitcoin is bright if you can only start investing now and stop watching at those fucking candle sticks. He speaks more in Trading view of what accumulation should be. I don't doubt his opinion because every has a say, but looking at candlestick doesn't mean you understand market dynamics. Moreover we share idea concerning strategy and accumulation of Bitcoin not necessarily candlestick or trading whatever. Investing in Bitcoin isn't a big deal as we take it to be, this is simply understanding; what investing really is what is the potential of Bitcoin in the nearest future? what strategy can i use?, what my target and goals? What's my expected return? Am I ready to accept whatever outcome (Risk)? Once, we get over this questions we are good to go, then we simply accumulate and hold. |
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I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.
Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.
Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small. This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently. Though I can't deny the fact that all of us have our own different way of doing things, but what I really think of selling to buy back is really not ideal too me, because you can't develop a strong hands while doing that, and i see it as trading, because you can't tell me it's not trading if you are selling to make small small profit and be expecting to buy back once the price of Bitcoin deep, so it's a terrible investment plan if you are actually doing it. Since I started my Bitcoin investment journey, I have come to understand that, once you start tempering with your Bitcoin holdings in the name of selling to buy back, number one, you wouldn't be able to have a good stash of Bitcoin in your portfolio, number two you wouldn't be able to develop a strong holding hands, you will be mostly be tempted to sell at any given price pump of Bitcoin, and with that kind of mindset, you wouldn't be able to build a generational wealth on the longer run, because you are actually a short term investor or a trader. No doubt, as I said before we only sell when we already have reached maturity stage whereby we have enough stash of Bitcoin, mind you the sells ain't for those at early stage of accumulation or still accumulating that hasn't yield a good sum, I consider that reinvesting which can be simplified when you sell (off partly) of your holdings and same time your accumulation process is going on. Sorry to say I know is sounds weird because majority don't have the purchasing power like others. The most important factor here is our Investment plan which we follow, as I do lay emphasis on having a Target too. |
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Nowadays, most people don't really have religions anymore, money is the new God.
Even you see people going to church every Sunday or going to mosque everyday, it just for social aspect in order to not being scolded by their parents, build relationship or didn't bullied by their friends.
If they see something that make them able to earn, but it's not allowed in their religions, they will do it.
Wrong view, Mate. Maybe Money is your new God, yeah am pretty sure. They are still, including myself that go to church because we want to feel the presence of God and make our bounds stronger with him. What we must know is that, Human have the right of choices of which nobody stops so it up to you to decide what is good or bad in your eyes. Nobody or not even religion dictates your path, they only give a directive of proper living which is subjective to everyone. |
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Yes, gambling every day is not bad. It is a good thing. Yes but just know that this is how you also be losing different food different days until you get your winning test it’s not just easy the way everyone think but it’s also good because whatever you’re doing over and over again, you keep perfect to eat because you would take time. I understand it properly. It may end up losing a lot, but it will fine as long as you win and you cover up or you have lost.
who told you that gambling everyday is not bad for me it is bad because it will lead you to be addicted in gambling when you have no plan for such because being addicted in gambling will make you to be restless because you have looking for any opportunity for you to win in gambling, so for you to win in gambling I have to have a timetable that will make you to know the exact date that you are supposed to gamble because whoever that the gambles everyday does not have a savings, so it is better for you to gamble based on what you have not to gamble everyday in order to win everyday. For me gambling is just like a pleasure and when you have the time for gambling you involve yourself I know very well that the many persons maybe thinking otherwise in gambling based on then think that dumpling is the shortest way to make money so that is the only reason many people do say that the gambling everyday is good and they have not seen anything bad to participate in the gambling everyday. Were did you get your fact that those who gamble everyday don't have savings? Gambling everyday doesn't mean you will get addicted, addiction is addiction whether everyday or not, addiction comes in times most gamblers once the adrenaline rush runs through them they gamble that it it doesn't necessarily mean to be everyday. What about those who are involved in sport betting and see opportunity everyday is it bad, No even if some of you will say it everyday. The truth remains discipline and self control, gambling is gambling. Everyone stick to there plan. |
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This isn't a big deal neither is it new. Most players have been suspended tol for gambling and associating with casinos. Not only players, referees, officials and also shareholders are involved. Nothing will change, my concern is who are the "two or more persons he helped", what relationship do they have, who let the news breakout?
It's laughable, he might be fined and still free. Gambling is manipulative, so is it not only in football any sport event at all. Underground deals goes on.
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Also the rate at which women are now picking interes in gambling is so alarming, there are a good number of female punters on the media with good fanbase and they give good betting advice, we all know that gambling does guarantee 100% success but if you follow their predictions you could get atleast 60 to 70% chances of winning the bet. That's to tell you how well women are now involving in gambling and as time passes there's a tendency for more women to indulge in it as well, since the social media have made gambling more popular and the fact that it involves sporting activities makes that more possible.
There is nothing too special About women gambling or their history. Gambling is for both parties both male and female there is never a place that was reported that women are prohibited from gambling. Women do gamble and there population are also high in percentage but just that there has never been a census to check the nber of women but surely women are also much in gambling. But always hide in the shadows of online games not like men who boldly play bet in offline shops and dong give a fuck of what people may say. You guys are right, women gambles in every part of the world, we only have their numbers in limited supply, females don't tend to have the ability of spending more money on gambling like men do, they will instead prefer using their money for an investment or something they could see being tangible than affording to loose their money to gambling, women can also city if they see a huge lost on their bet while men can afford to take risk and still loses without being worried. Sincerely I see women who gamble as indiscipline women, both nothing is special be it Male or female gambling the two parties can, why it seems there is an increase it because of more evolution in gambling, women prefer spending on unnecessary stuffs and the Male provide for them. What I prioritize is that those female gambling should build more emotional power because i know that's one of the edge the Male have over them. In my country, Women gambling are seen as weird but online gambling has introduce an era where nobody knows who gamble or not. |
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You know, a child at home is totally different from child outside the home. It can be a obedient little angel at home, and a cursing trouble generator outside. It is hard to tell what your kid is going to do and behave when you are not monitoring him. It might turn, that you hide that you gamble at home, but it might be that the kid already knows more about gambling than you and have tried more games. As a father and godfather, who have kids going to school and nursery school, I have seen kids addicted to gadgets and zero interest to gambling (by gambling I mean buying all that in-game stuff with random drop chance). I am sure that kids know about spinning wheel and getting in-game pixels, but never saw or heard someone asking for money to gamble.
We have all been children, so to find out the mindset of a child, we have to look at ourselves. I know that it is very easy for small children to imitate adults, but often what they imitate is something that is not good, why can't we gamble in in front of small children, well because their mindset will be damaged and imitate that, they will try to gamble, especially when they see us enjoying the moment when playing gambling, this is really dangerous for their growth and development Damn. People have learned new word - "damage" and now use it everywhere. How will mindset be damaged? By believing that gambling is something for fun? Well it is for fun actually. Dangerous for growth and development for them is stopping to get new information, as they with time it will be harder for person to learn new thing. If you gamble in front of kids, dont tell that you do it for the sake of money. Is that so hard to do? And they will learn that it is another way to get fun. That is so simple. Both ways either telling them for fun or for money still won't yield any good results. When gamblers talk about it as fun I see it as an alternative whereby it is used as remedy to avoid the thought of losses incurred. Fun can still be addictive, moreover the fun you proclaimed is it money that you use, this can't be overstressed, in essence we just need to educate them on Gambling and I believe they shouldn't follow such path or even see it as fun (sickening). Set them on the path of discipline and let stop defense of it. |
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Yes and no, it all depends on the law, do they ban the activity of mining no matter what, or do they ban the usage of said resources to mine bitcoin?
Besides, it might not even be a crime but classified as a violation, like a speeding ticket or littering.
A violation you said. You know how to play with words. Judging from OP view, I don't see it as a crime because the miner is using his own personal electricity generated and not the government own, moreover the cost or bill is on him. I can't see a government ban Mining because of Electricity requirements when we can still do without electrical sources. Please we also need to know the context of Mining you are talking about wether it is gold, coal, or Bitcoin for proper view of what you mean, OP. Because in my country mining of gold is a crime with jail terms but Mining of Bitcoin is nobody's business or any punishment attached. |
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That's right, they're also patient and intelligent nowadays. They know how to wait and understand how the investors go along with new projects and that's why we need to be more careful or for those investors, need to have more extra care because if not, they'd always been targeted by these scammers. They know who their market are and who to target with their tactics.
That's why it's important for beginners to invest in credible projects rather than having to try their luck on new projects. If you are someone who is ready to risk losing your money, and you have a deep understanding of tokenomics and white papers, you can try investing in new projects. If no you are just a beginner investor, it is better to be careful because there are many scammers on new projects. They need to take time and DYOR. That's the only way for them to avoid these scam projects. I am not stopping newbies to invest into new projects. They need to be diligent for them to see that they are doing it correctly. Because if they don't listen to people's advises on them, they'd certainly going to fall for many scams out there. You're making sense. Everyday new projects with different task are emerging, and this is what happens every bull run just to scam people and fade off, so we all need to be cautious especially newbies who I believe will be enticed with profits all the likes, because many have learnt and are learning the hard way. Stick to a project already listed, and gear also on ones that have track record from previous cycles, of the truth many won't last, a word is enough for the wise. Better still start investing or put more resources into Bitcoin rather than some of this ponzi schemes. |
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Getting a standard knowledge of bitcoin isn't something a newbie can cover in a week or two this could take months or even longer before he we would understand more about himself like cashflow management, risk tolerance and his investment timeline, all this are decisions that could take some time to figure out, waiting is a very wrong idea especially when you already know how to buy bitcoin and where to store it, this are the basic knowledge that I consider important for a newbie the rest can be figured out in the process of buying bitcoin, yes some newbies can tend to be very aggressive with regards to the price of bitcoin which I don't really support cause aggressiveness without knowledge of yourself can cause you to sell very early than expected, so a better advice like what Jay had said earlier on would be for them to get started even if it's a very little buying purchase of 10$ weekly and consistently while the figure out themselves properly.
From your perception is good to hurry up and invest in bitcoin, is that what you will advise beginners to do, in norms you don't need to venture what you don't know about without proper research, someone get into lose base on over excitement and curiosity to invest in order to make a profit, as investor you need to be inquisitive to something you have not comprehend well..let me ask you, during the bearish season and bullrun when is best time for someone to accumulate bitcoin?.I can't be that conscious to invest due to bitcoin price is increasing rapidly, you most at least scrutinised the market and understand the next movement of Bitcoin through the chat or move of candles sticks, probably, we need to know that is not all about investing but understand the system first, many of you is curious to invest when the price of bitcoin increasing and you feel is the best time to accumulate your bitcoin. Yes the most important thign is getting started, but at least I know that a newbie needs to know how to buy bitcoin and how to keep his seed phrase which are very basic knowledge that can be learnt in hours, but you on the other hand are insinuating that someone needs to take time to study bitcoin and understand it well which is so not important that could take years to fully understand the working of bitcoin, you should also taking about knowing when it's the best time to buy, eventide is the best time to buy, a newbie has less to worry about having profits at first but instead should be talking more about accumulating more Bitcoin for himself. A beginner doesn't have anything to do with understanding chart movements this are not Important thigns to know, you seem to be misunderstanding investing for trading cause all your examples point to trading rather than long term investment, One don't need to be newbie or beginner, even as individuals we already understand cashflow system which in a simple word is how we spend and use our money, the complication we attach to it isn't worth. Merely knowing how to buy and where to store doesn't make any guarantee that such person has basic knowledge or should start investing in Bitcoin. In as much as procrastination, waiting isn't a move for investing, everyone need understand firstly what investing in an asset is such like Bitcoin, there comes how to go about it which is DCAing with a certain amount he/she can afford without stress and willing to lose to accumulate Bitcoin within a timeframe convenient for such person, lastly accepting whatever outcome that's the bold step. That's is the process, of which we are following and newbies should. How can one make move for investing without understanding risk involved, this is solely the reason many are crying because of such impression of which they become liquidity for others. I don't seem to understand any other attachment to this, which is complicating. Overtime the Bitcoin Market dynamics begin to unfold and get more easier to understand. |
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Nice investment model. Investing in your skill set is worth every bit, this keeps you ahead in your field as well as more inclined in world of revolution we are, I love the fact that you care about diversifying of which is very necessary I know aligning properly in your Real estate will give you a nice ROI. Your model is applaudable you just need to discipline yourself to work towards. I would advise you list that in scale of preference because some rely on others before they can be reality like investing in people, building a tech school.
I agree to all you listed but I would greatly advise you build your skill, keep accumulating but remember before you think of Bitcoin to give you a return in one full cycle to carry out this, it depends on how you accumulated and effort put into we can't be too optimistic I suggest expecting returns from your Bitcoin investment in terms of using it to finance this project to come last.
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The moment an investor decides to trade his coins, the mentality of long term investment is far as gone so because the unsettling urge to continue with the process when he by got profit would always be on his head but the sad truth is that it's actually going to end sideways because there must be a time when you hit a loss and that can result in you chasing that amount of funds lost just like gambling and with this mentality everything would simply be different.
sometimes it's best we get used to the word " Bitcoin" rather than talking about coins in general which might to a very large extent send a wrong and misleading information to people that might come across this thread to assuming we're talking about another thing outside of Bitcoin. Trading is for Altcoin because they don't have a legit futuristic prospect while the word investment explains what a Bitcoin holder should be known for. I don't want to put more emphasis on this but the truth is that it makes more sense as a Bitcoin investor to go all in with a mentality of investing for the long run and never assume you should trade your Bitcoin just to outsmart the system and increase the quantity of your Bitcoin. If you're interested in increasing the quantity of your Bitcoin the better way of doing it is to be patient with your DCA, cease every opportunity you have to buy at different prices and ensure that you're not tempting to sell too soon just because others are selling or because Bitcoin has gotten to a new ATH or that you're even a good profit margin. So it's better to probably to stay off and have an ideal plan that's gonna help you gather profit and then maybe sell off portion of your Bitcoin after the bull and refill again by simply buying at a very low price when the bear market comes
this is yet another strategy that wouldn't work well for you for most instances and might almost look like you're seeling your Bitcoin in gain only to buy again in loss. Except there is a tangeable reason to selling your Bitcoin, selling to buy back even when you're in a bullish period isn't the best idea especially when you've not gathered a good chunk of Bitcoin in the first place. The possibility that you will be able to buy back at a much cheaper rate than when you sold your Bitcoin is very slim as you can't really tell when the market will stop being bullish and that even after you've sold part or all of your holding, that Bitcoin will not surge up further and further putting you in a possible where you have no option than to wait longer till you experience a DIP that might or might not happen or you just have to go on to still buying at a bullish price which means that you have to wait for a very longer period of time before bitcoin goes above that price and gets to a position where you can now see yourself in profit. Theoretically, selling to buy back might seems like a good idea but when your assets is in a liquid form, the probability of spending it or mismanaging it is very high which makes the whole idea of selling to buy back a possible route to disaster or shortning on the quantity of your stack. In a simple word Trading is exhausting,and requires more energy compared when you just accumulate according to your DCA plan which is very relieving and free from losses that might be incurred when you Trade. I also say do we care about trading an asset when we can accumulate and have it in our position. This can't be overstressed as it a matter of choice which we know that every decision has a consequence wether good or bad. I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey. Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do. |
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