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If people can see gambling as for entertainment and social gatherings, they will not have any problems and even they will not gets addicted to gambling. People will not trying to chases the wins or fills their greediness because they knows that gambling is part of entertainment. If someone playing gambling and makes a mistakes and he can learn better from his mistake, he will becomes wiser than before and can use gambling as an entertainment. They will not makes the same mistakes and even they makes another mistake, they can realizes and learn what it needs to be fixed. They will not use more money to playing gambling and always trying to becomes responsibility with their gambling activity. They will just have fun in gambling and not trying to chase the wins. What you describe is a way of playing intelligently, although of course sometimes one can have certain learnings and it is very good that you put it here, and although everything you say one takes with experience it is very good that novices see games of chance that way, I personally have always said something, the casinos and the bets one must be very cautious, it is Very easy to lose money , and since it is so easy to lose money you have to be very careful, that is why I will always say that the best thing that can be done with games of chance is to always allocate that money willing to lose, and control yourself that from there no more. Winning is just a chance and we don't need to chase it because that will always lead to major losses and addiction. A thing that should to put in our minds, especially for novices and I believe it is not hard to understand unless they don't know how to value their money. If we all can really become a responsible gambler, I don't think we see people get in trouble with their finances and commit gambling loans. I believe we all live in peace and find gambling as entertainment. |
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I realise I am outnumbered here with most of you only buying Bitcoin , that’s fair enough let’s just see what happens.
I believe I will have a few altcoins that will go to zero but the majority will give me profit and I will have a couple that will give me fantastic profit. I am currently holding one that I am up 32x on and that is even after this mini crash in the last 24 hours , I was up over 40x on it a few weeks ago and I believe at the peak of this bull run it will give me a 75x return at least, hopefully over 100x.
A few of you here are acting like I am only buying altcoins outside the top 1000 which are really high risk. As I mentioned a few times now, the majority of my altcoins are strong altcoins in the current top 40 and they are going to give me at least a 5x , hopefully 10x in the next 6-12 months.
More people but ONLY Bitcoin because of its long-term potential but these guys had also experience with altcoins and saw the big difference between them compared to BTC. It was just their experience telling them what to do and it's up to you then. Besides, it is our personal investment, we can do whatever we want and besides, our main goal here is to earn money from investing in crypto. So, if you think altcoins are more profitable then take but never get frustrated if you hear more people are investing in Bitcoin. I have both of them but I invest more in Bitcoin. Well, yes, let us see what happens and I am hoping for the best for you as well. |
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Honestly, it is too hard to accept if we already assume to win because at the moment we fail, we really feel bad and disappointed and would raise our temper. A 5-time losing streak is not good but we can't blame other people for this nor the casino, we are just too unlucky not to get any favor. In this case, I would rather stop and pause for a while because this already tells something bad, and the more we push through, the more we lose. Chasing winning is just like we are chasing losses, that is why it is necessary to know how to control our emotions and a need to stop.
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People actually don't know how important it is to wait for the right set-up, some traders think that the more you trade the more money you make which is very much unlikely, trading doesn't work like that, you might make a lot of money from 5 to 7 trades, and use just only one trade to lose everything including your initial magin.
But waiting for the right set-up gives you an edge in the market, when you trade only when you sees an opportunity, you will mostly comes out profitable, as long as you knows the craft a little, but probing the market every now and then will only make you lose money, because trading is more of patience and knowledge.
Honestly I actually fell into this trap of trading many setup when I started trading unfortunately in the long run ended in streak of losses, however I took my time off from other stuffs to do more research on trading and I later discovered that 2 to 3 A+ weekly with atleast 1:2 RR is enough to become profitable that has also enable me to frame my setup from weekly timeframe down to 4 hour timeframe while entry is on 15 or 5 minutes timeframe that means I have to exercise enough patience for the setup to materialized before taking my entry with consistent profit taking which is better than taking as many trades. It is actually more on discovering strategies that are applicable in the market condition. I usually set for 1hour time frame but also it changes depending on the market trend. It varies and we keep on searching for the best strategy that works so well which is why experience and patience are very important. That is why trading never works for people who are impatient and those who keep rushing because trading it is not a simple job that we learn in just a few days but months and even it takes years. Our experience. In reality, we make losses first before earning a profit sadly, most traders don't understand. |
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Hi everyone,
Gambling has become very popular in the world , especially after the changes that have occurred over the years with modern technology and the abundance of games, we can now gamble with one push anywhere and anytime . More money is flowing to sites and casinos in huge quantities, and everyone’s goal is to win more ,As is always known, if there is a loser, there is a winner, and I don't think that the percentage of losers is greater than the winners .
Is this true gambling is not place to make money is place to lose it?
who said so? Haven't you heard of people who becomes a multi millionaire through gambling, gambling can change lifestyle in one day why because it's a game of luck. If gambling isn't a place to make money, why are people gambling every day and night? Is it for fun or you just want to give out the little money to the casino gambling. First one thing you should know is that their are set of people who gambles, some gamble because they are earning from it why some gamble because they are just try to meet up with their monthly incomes. So even if you're gambling for fun you're also chasing for the money and in gambling you losses occurs more than winning, why because it's a game of luck and risk and through taking the risk you can become a millionaire not in one day but as long you're continually doing it. So for me every one gambles for the money not for the lose. You can't stop people from saying gambling is a place to lose money because that is their personal experience and might possibly be different from yours. But for sure you can't deny that you often lose rather than win and I think everyone has the same experience. But some gamblers are not leaving, they stay gambling because they are now on the chase of their losses, not by just making fun of it. Yes, some got millions but we never know how much they lost before. So if we think it a place to lose, yes but of course, this is also a place to enjoy life with friends and other people. Some gamblers are doing well while others are in trouble. |
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You're right OP, it can be profitable. The problem is that the casino will not donate its own money to you. All the money that you're winning is money lost by someone else. Today you're the winner, tomorrow you'll be the liquidity provider for the casino. Never forget about that. It's always you against other people and each of them wants to win and has dreams and goals they want to accomplish.
I haven't won big yet, but I don't bet a lot because I like moderate risk. The risk I feel like I can control.
They prefer to see us gamblers losing more rather than winning. They are happy to see us becoming addicted, coming every day and playing rather than helping us to become responsible. That is why I don't think gambling is profitable because winning is seldom to happen other than losing. In fact, you have said, " we win today but can possibly lose tomorrow and in the following days" which is really the real happening and I believe it is acceptable because it is too difficult to win for an unlucky person. Which I say, we better think we are just having fun and enjoying the moment rather than thinking about winning and profit. |
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Easy money never stays long in our hands, that is how I observed many stories in my country who win millions in lottery tickets but all of it has gone too fast not even last a year.
And I know why he ended up like that, an empty pocket because he never knows how to manage their funds in the right way. What is in his mind is to keep on gambling, have everything he wants, and enjoy life. Yes, it is just one day when all the money is gone will realize what he did and remorse.
Maybe if we also win that amount, we also end up like that. We can't really feel the feeling of winning millions after several years of gambling, you will certainly be saying I deserved these things.
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I have had both good and bad experiences with gambling especially when I feel lonely I find a lot of pleasure in engaging myself in gambling and especially when my loneliness problem goes away. Also, I live far away from my family, so I feel a great need for entertainment, and if I am involved in gambling, that lack of entertainment is largely fulfilled. Moreover, basically I have accepted gambling as the center of entertainment, so if there is less entertainment in any aspect of me, I basically associate myself directly with gambling and through my gambling, I take entertainment as well as eliminate loneliness. But sometimes a big loss in gambling falls into a bitter experience and I keep this experience as a negative experience.
Some gamblers take this as an exit when feel stressed and want to relax their mind from problems. Some also do this for friend gatherings. But the majority had think about money, earning more and achieving more but guess what, more of them had failed because gambling is not like a wheel that we can drive in the direction we want to go, without luck, we never get any. We are experiencing more losses rather than winning, that is the real thing. Well, I'm happy for OP's achievement but I have no complaints either of not getting any because I already understand that not all become too lucky in gambling. |
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Society needs gambling as additional way to have fun. Society must change attitude to gambling from negative (stop reading and producing info how people only lose) to neutral (a way to have fun, but not a primary one).
I believe so but what we have seen is that it was not for making them fun or for their pastime, it has now become one of their necessities which has become a reason for their financial problem due to heavy addiction. In fact, in our place, many of them are in debt because of this and they are working hard, have some money, and gamble which is supposed for their basic needs. It is not helping anymore but it causes additional problems. They are not too young not to know how it ruins their life and needs education, they are supposed to realize it before the worst thing happens. |
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I think it will fall first before the new highs, lots of back checking. We have not yet proven the downside is finished especially and every attempt upwards is too hesitant for me to have much confidence in that idea. I find the most positive outlook at present is to acknowledge BTC price action as balanced, range bound but ultimately quite positive in holding its ground.
Currently, the price of Bitcoin is hovering between $62k and $70k for a long time. You'll notice that after every halving, Bitcoin prices dump a lot, and now that the halving is in 2024, dumping is basically a good time for investors to hold. Because many investors wait long enough to hold by buying bitcoins during dips. But currently the price of Bitcoin is within the control of every investor and there is enough time for everyone to invest if they want. But after a few days the price of Bitcoin will start to rise again and hit the highest peak. The price isn't moving high these few months but we can't stop from thinking there is a time to surpass $73k. The halving isn't looking good this time, it is far from what we expected before. The market behavior is quite changing this time, more people are getting smart but learning from their mistakes in the past, they can now control their emotions (panic/worries) making the price not move fast. But I believe it was not just the reason that caused the situation like this, it also because of the inflation and conflict of other places. We can still think of new ATH but it is better of not thinking it every day because it only bothers us. |
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I think crypto isn't for everyone, some won't just be able to cope with crypto investment, maybe because they are lazy asses or they need to be elsewhere to make their money? What do you think about this?
Crypto investment is an individual choice, not for everyone. Those who understand will gain trust and invest but those who keep in doubt will remain negative and always think negatively. That person OP is not lazy, he/she is just another person who has no courage to take risks. And instead of keeping their mouths shut, they always spread fake news and baseless information making other people also afraid. Anyway, there is no need to listen to such a claim, they know nothing. It is too hard to convince such thinking because what they believe now which is wrong actually has been right for them and they will continue to push their wrong thoughts about cryptocurrency. |
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Not all the time the underdog loses the game but less chance of winning which makes a better choice for the favorite team. Usually, we take a look at their ratings and overall season performance and those teams we see that have higher ratings versus their opponents also have higher chances of winning. Just having a quick glance, we know already where we put our bets. Sports is certainly not about luck but it is the skills and team participation, a way for them to win the game and their stats show who they are as a team and how they compete with others.
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There’s no doubt about this and many countries are slowly accepting this fact. The approval of ETF attracts a lot of good investors and a big one, sooner or later we will reach the peak and many are confident about it. What we can do right now is to follow the trend and of course do the right investment decision because we already know here, Bitcoin is the future.
That is how we look forward to Bitcoin but still, people need to be educated and open their minds to the function of Bitcoin. Because until now, many don't understand how this works as they know it was just an investment, not an alternative currency. We believe that Bitcoin is the future, yet it is still impossible to grow if doubts are still in our mind and most of all, if scam incidents increase as this will affect the trust and confidence of the individuals, especially newcomers. |
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I still don't believe that it actually exists claiming themselves a prophet and then winning huge amounts in gambling.
I hope I was wrong but this story drives to something like an ad that makes people who hear this news follow him and believe in his capabilities. Like he uses the casino and pretends he wins huge but the truth is not.
I rather believe that a gambler loses millions rather than winning millions because of their religious belief unless cheating is made. I know God give us some favor but for sure, it was not this way - gambling.
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You don't need to ask because A person who knows what is right or wrong can determine if addiction is good or not.
Addiction is the worst thing to happen that may cause severe destruction to our lives in terms of relationships and money. There are a lot of discussions showing how it ruins the entire life of a person which I don't want to experience. That is why we should stop thinking that gambling would make us rich instead, we'd rather think that at least we could win something. Because the moment we think about more winnings, the closer it pushes us to addiction.
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Those who have held Bitcoin will of course have long-term planning in holding it and will certainly be able to gain profits in the future and for some people who have held it for a long time, of course they have made profits earlier than those who have just started, because from the beginning Bitcoin appeared. Until now we can see very good developments and currently many people want to invest in Bitcoin because they have seen that the results that can be obtained from investing in Bitcoin are very profitable, but they have to be able to hold it for a long period of time, there is no harm in it. we follow other people's advice in investing but we also have to have enough knowledge about Bitcoin so as not to follow the wrong advice in investing.
Not everyone understands that and not everyone can hold Bitcoin for a long period of time with all the panic over rapid market price movements so there are many things that must be learned first before deciding to invest in Bitcoin for a long period of time. If we look at the possibilities, of course the possibility of profits will be much greater for those who hold Bitcoin for a long period of time and we can see all of this from what happened in the past so this is likely to happen in the future. Well, that is true in the sense that not all are strong and understand the essence of holding. But we don't need to force them to hold when it is against their will because, in the end, they still sell their Bitcoin when the price drops. We just think that this also helps to keep the market volatile and that is okay because, in this way, we are able to buy Bitcoin at a cheaper price especially when weak people dump their coins. Smart investors use the weakness of the person to attract, we buy their coins when panic selling starts to show and hold until the right time comes to sell. |
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Can someone take gambling as a source of income to he/she life? the answer is no unless you are the owner of that gambling site or you are super lucky to win a million dollar invest it and then you can have passive income from it. A stable source of income from gambling in my opinion is not an option and cant be done unless you are super lucky and get monthly win from it.
Tho you can get steady income as a poster and join signature campaign like I did hehehe
Common gamblers win but not sufficiently enough to provide the needs especially if we already have a family but owners would. In fact, many poor people gamble, use their last resort to bet but end up getting nothing but just a ticket. Therefore, no way we have to think of this as our source of income as we can't rely on our future for luck and unstable earnings. It is better to run a small business because even earning just a small amount every day, we are still sure that there is something we get at the end of the day. It is still to be noted that gambling is just for fun, not for earning purposes. |
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I gamble because I want to and in the hope of winning. I hope but not in the chase, probably it is a different story which is why even that is my mind, I'd never fall into addiction and still be able to manage my gambling habits. Obviously, it is for money and less entertainment. But whatever it is, gambling is not bad if we are not greedy, not bad if we never chase our losses. It is undeniable that most of us have bad experiences and several losses than winning but we must understand that this is gambling and no matter what we do, our luck is only our ticket to winning.
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Yes you really need to hold onto your Bitcoin in the future because Bitcoin is more profitable when sighted for a long term run depending on howmuch amount of Bitcoin you where able to accumulate in the process, there are things you need to do before you can be able to hodl onto your Bitcoin investment in the future, your discretionary income, setting aside your emergency, reserve and float fund incase there is any unforeseen contengency that may occur so it won't affect you selling out your Bitcoin hodling along the way because you have already kept aside what will take of that, and also with your DCA strategy you can be able to accumulate more Bitcoin in different interval either weekly or monthly as the case may be and hodl for a longer period of time like 4-10 and above in other to have a better profit when your finally want to sell out your Bitcoin hodling.
Until then, it remains optional depending on our plan and goal. It doesn't mean that if we buy Bitcoin, we have to hold it forever, there is no urge for such a thing. But what I did is that I bought during corrections and sold them during price rallies. What I am trying to do is to keep my money growing, not by just letting it stuck and just earning a profit after a few years of holding. But of course, there is nothing wrong with just holding them, it is been proven for its profit potential. many years from now, it is more likely the demand will be high, causing the price to soar as well. |
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Like the title explained it all when sighting towards the speculation or trade discussion section I mostly found out that lots of people are gradually turn away the purpose of bitcoin to mainly investment purposes and I mean to asked, was bitcoin created for investment purpose or it's for peer to peer to alternate fiat?
I would love to see different versions of input.
We can never say it is turning away from its real purpose until nobody is buying and selling their Bitcoin. Most exchanges are adding P2P trade which means that they are seeing the growing event in this area. We can say it is for investment purposes because that is what we think but if we try to use this as an alternative currency, we can also say that it was still in the direction of its creation. We can't totally feel it now because only a few people are using it and also still few companies are accepting this but it is actually growing and sooner we really gonna be seeing it boldly. |
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