A few days ago, I posed a question in this forum, wondering if, as someone who engages in gambling, you've ever considered thought of giving back to the community if you ever had a successful gambling run. I carefully went through all the responses, maintaining keen interest and taking note of each perspective. Another aspect of the inquiry involves whether you would be willing to participate in crowdfunding for a fellow gambler who reaches out to the public through social media seeking financial support after they gambled with the funds meant for an important project like, investment, school fees, rent, marriage or any other thing. And what would you say to those who go ahead to donate to these gamblers out of a sense of empathy?
I would never do that. Crowdfunding for him means that you tolerate his wrong doing and he will never learn if you don't let him suffer the consequences of his action and decision. That does not mean I don't care about him but that's my way of helping him to change for the better or better leave gambling if he can't really control his expenses and if it's hard for him to discipline himself in gambling. Gambling will only be productive and profitable if you are a responsible and disciplined gambler. If you gamble the other way around, you will not only lose your money but you lose your essence as well why you are gambling. Gambling is designed to entertain us, not to wreck and damage our well-being. |
|
|
|
You know, I always respect those psychics around and I tend to believe that they have these supernatural powers that are able to to see what's going to happen or what had happened, but psychic betting? NO. Gambling can never be predicted and is always unpredictable, that even the casino house is unaware about the future outcome of betting, unless if those games are rigged and the results are controlled by the casino owner. But if you are betting in a legit and reputable casino, I don't think psychic betting is possible to happen. If they say they won because of their predictions, that is never psychic betting, but they won because they're born lucky that day and nothing else. |
|
|
|
Guys, I’d really like to know how you built your crypto portfolio? I’m a seasoned crypto investor myself (not to mention an entrepreneur) and this is just that time of the year when I ask other crypto investors about their strategies. My Strategy is centered around using AI to analyze data and trends of the current market and then rebalancing my portfolio based on my findings. What are you all doing/have done to build your portfolio?
Well, AI could help but they are never accurate and 100% reliable. What works for me to increase my crypto portfolio is through doing DCA. Spend if you have spare money to invest, that way you will never miss any opportunity to invest and will continue to increase the volume of your portfolio throughout the years. And as a golden advice, its best to enter the market while it is bearish, and not like this where bitcoin price is currently high. But if you are for long term hodling, then there's no problem with that. Just focus on buy low and sell high, and you will never get distracted with your investment. And lastly, stick to bitcoin if you aim to maximize your profits when bull run comes. |
|
|
|
Hello everyone
I have a very good friend who owns almost 4 Bitcoin in his early 20s.
However, he told me he didn't know exactly what to do in his current situation(life).
He doesn't know whether he should sell these 4 Bitcoins in the next bull run in order to live his life, since he is in his early 20s, or whether he should continue to work and stack, since the Bitcoin can continue to rise steadily.
He finds himself in a mental dilemma between.
Basically, we know that Bitcoin is something like a safe haven.
Do you have any tips or how would you behave if you were in a similar situation?
Thank you for your input.
And I hope I can motivate him a bit with these inputs.
Friendly HODL
This is the reason why we should learn to take some research first before trying to indulge in an investment, at least you will be guided on what to do with your bitcoin most especially in the future. For me, its not bad to sell a portion of his bitcoin in the upcoming bull run so he can also enjoy the profits of his investment, that's part of self-rewarding. But if he wants to take advantage of the opportunities while he is young and accumulate and stack more of it so he can benefit it when the time comes that he wants to build his own family, then that could be more favorable for him. Bitcoin is a highly valuable investment so one should utilize it when its only really needed, otherwise just save it for future retirement which probably by that time, its value will grow 5x or 10x from the amount you bought it. |
|
|
|
Gambling is meant for fun, not to make steady income. If that's what you're looking for, unless you are a great referrer or influencer and you can monetize the gambling activity in different ways, in the long term the system is designed to make you lose.
It has nothing to do with self control, it has to do with maths: the more you play, the bigger the regression to the media, and the media is loss.
However, there are still gamblers who manage to earn a living but we all know that's only temporary, as most gamblers who chose to expose more in gambling loses more than wins more. Yes, gambling is only designed to provide us a source of fun and entertainment, but majority of the gamblers do not see it that way as they focus more on gambling to make an income. The reason why a lot of gamblers end up losing because of their wrong mindset towards gambling. But we can't blame for that, as gambling casinos have always their ways to convince us that we can make it big with gambling, but in reality they won't make us win so they can still keep with the profits. |
|
|
|
Many gamblers have many trigger point to be honest. But commonly it’s often seen that, after losing a large portion of the bankroll, the gamblers, losses control and go all in with the remaining balance to cover the losses. But at this point of time, they should have slowed a bit and could have analysed to bet further. But this is the time, it is often seen that you bet blindly without thinking the outcome. It’s very hard to control ourselves, when the hard earned money vanishes in seconds.
That is exactly what happens when losses have caused frustration. Most times gambling losses for someone who is an addict and doesn't control himself throws in all, that is desperation to get what has been lost. Desperation is not a good element for gambling, someone that is showing such sign will keep losing because he has lost control for proper analysis and to continue or to stop at the main time. Someone who loses a lot in gambling will never be capable anymore to think what is right and wrong. His only concern is to focus on chasing his losses so he can recover those lost money, and when his goal is not reached, that's the time that this gambler will eventually burst out out from frustration and stress. He gets desperate of the outcome he has been trying fix but still fail in the process. The reason why overspending in gambling is not good anymore as it can totally destruct a well-being. However, there are still number of gamblers who still manage theirselves and still gain control when they are in state of losing. Those are the professional gamblers that have gained already various experiences in gambling that made them more flexible and stronger in gambling. |
|
|
|
If you walk into a casino with $200 and you start playing with that $200 and you win $200, get the hell out, you simply just doubled your money, take your goddamn leave, what do you think you wanna do? Win a million dollars? You will go home empty handed.
The next thing that rings in your ear is you can still win another or more, that's the devil whipsering, the art of gambling is knowing when to stop.
The only game where you have some power is in Poker, not the online one, this is the best game in casinos, as making profits off of bad players is possible.
As for Other games, You are at the mercy of the house.
No one actually visits the casino to have fun, you gotta trick the mind, I like to think of it has a fun night out and I am going to spend a few hundred dollars and have a good time and if I win it's a bonus, like I've said, you gotta trick the mind.
Always remember this, you are there to win a game where its statistically impossible to win at, it's not impossible to not understand this about gambling, a wise man once said, "if you want to make money with gambling, own a casino".
That's the reality in gambling, you are trying to win such impossible games to win, that some gamblers end up losing all their money thinking that gambling more will end up winning big, which is obviously not true in gambling. If there's one lesson that I've learned as a gambler, that is to never expect too much profits in it. The moment you start betting, you are already risking your money to lose. And if you're not lucky, you will lose your money consistently. If you are already in that state of losing, I suggest go for a break or just leave the house to cut your losses. Otherwise, you will only regret why you keep on betting and now you're suffering from a very big loss. |
|
|
|
I was guilty of this when I was a teenager not on online casinos but in a popular game on Fiesta It is a color game using dice, I was introduced here by my childhood friend and I had a lot of losses with this game, I'm using my school allowance so every time I lose money I blame my childhood for leading me to this color game I do it in a fun way as if I'm just joking but deep inside I hate it whenever I lose. I struggled to fight the temptation but the excitement led me to play again and again.
How about have you at any time blamed the one that led you to gambling in your mind, or even told him face to face?
Once we enter into gambling, we should be aware already that we are going to lose most of the time, and never expect to stay in profits consistently. With that realization, blaming another gambler is not my thing. I should be responsible of all my actions and never put any blame to any person who lead me into gambling. That is why we should learn to set limits in gambling and practice discipline when gambling, if it's hard for you to do that, then you should not be gambling in the first place. Gambling is always a choice, and if you see yourself often losing, that's not because your friend has pushed you into that, but because you allow yourself to fall in the trap of gambling. |
|
|
|
Dlyou pay for signals? And how much ?
What's your monthly expenses for trading signals? Yearly?
I don't pay but i read alot people pay for signals so how good results If this ?
As a trader, I only rely on my own trading signals and chose not to follow any trading signal groups or channels that requires fees. Obviously, it's not for our own advantage because if they really aim to help us most especially those beginner traders, they will offer it as free and has nothing to pay. But the fact that they require payment in exchange for trading signals which we aren't sure if they are working, then for me it's already a big red flag. My advice is never take these trading signals that aren't free. Instead, focus yourself on studying the market and create good market analysis, that way you will develop your own trading signals based on how you understand the trading market. |
|
|
|
|
Gambling may provide health benefits as long as you are gambling in a moderate way. But if you are gambling more than you can afford to lose, you are abusing gambling, then obviously it won't be healthy for you anymore, instead what you'll gained is gambling addiction.
However, if you are only gambling for entertainment just to get relieved from stress and boredom, yes gambling will make you feel good and become unwined. But if you gamble to earn a living, the idea alone is not healthy anymore. You should learn to control that urge before you reach to the point of blaming yourself because you gamble so much.
|
|
|
|
I created this topic as a result of this news, a young Ghanaian man won 6,000,000 GHC ($501,664) with a bet of 40 GHC. This happened few days ago and it trended on social media. Some of the comments from netizens are that the young man should leave Ghana to avoid being robbed or poisoned. I know some of us must have seen the formal presentation of a mega winner to the public by a gambling platform. Most times, these bookies invite media outlets to their offices to cover the ceremony, so that the news could be captured on newspapers, tv, internet etc. My questions are... Can a bettor reject being unveiled to the public? Are gambling platforms paying an extra money for the publicity? It's not wrong to publicize a mega winner but for security and protection, the company is responsible to keep the identity of the winner so his personal identity will not be exposed and become a target of scammers after winning. Just like winning lottery in our country, the winner's name and physical identity is not exposed so that he will continue to stay anonymous after claiming the cash prize. However, it also depends on the agreement between the bettor and the gambling company. But I'd say no one will really want to be publicize if his safety and security will be at risk after that. |
|
|
|
Doesn't matter how good you are at analyzing scams and legit things that will always be people / scammers coming with new ideas every day.
That's true that they're coming up with new ideas every time they're being busted with their former method. But the good thing about being a good analyzer of these scams is that you're able to provide info to the ones that don't have an idea yet of that scam you've figured out. That's why sharing it to these forums like BTCTALK is one way to go and if they listen, that's good but if they don't, that's their loss. These signals groups have been long debunked but still they exist because many don't listen. Scammers will always want to outsmart people so they try to improve their strategies every now and then so that victims will still fall for their new traps. Otherwise, if they stick to a single strategy and get caught, then they can't no longer scam anymore and the means to gain their income will suddenly stopped, one reason that they should always improvised their strategies no matter what. However, no matter how brilliant their new ideas are, there are still few people who can easily tracked their scams and prevent them from scamming. But in most cases, their accusations are not given value, instead people chose to believe on the too good to be true scammers that are using their mask just to deceive their future victims. |
|
|
|
A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.
Looking forward to the well thought out opinion of the experienced in this regard.
Most likely, these few mentioned people are those who have seen the high potentials of bitcoin more than the majority, that’s why they make sure to grab theirselves maximum amount of bitcoin that they will surely benefit the most in the future. But we all know everyone is free to accumulate bitcoin, it’s just that the capacity of an individual to invest also depends on his financial condition. However, everyone is entitled to have its own views and concepts about bitcoin. And if his own concept is negative, then that’s mainly the reason why he’s not into bitcoin and is not planning either. But let’s see if he won’t change his mind in the future when everyone else is talking about bitcoin. |
|
|
|
|
For me, both addiction are scary and will definitely turn our lives miserable. I can’t say that one is better than the other because the moment you lost control over gambling and drugs, your life will eventually turn into a nightmare that you just want to wake up and change your life’s scenario. With drug addiction, you might not be seen spending a lot like a gambler but hey, the value of drugs right now is too much as drug addiction can be one of the most expensive drug habit.
Both addiction will create negative effects not just physically, but also mentally, emotionally, and spiritually. The reason why as much as possible, we should learn to avoid engaging both gambling and drugs as we know the fact that addiction will only damage our individual well-being.
|
|
|
|
|
That is a risky move as you enter an investment without prior knowledge on the background of your investment, and you have no idea if that investment will really work or not. I prefer to do more researching first and when I have sufficient knowledge on the type of investment, then that's the best time to invest and risk my money. Although I'm not saying that your strategy will not work, but based on my research, there will be higher rate of success if you know your investment well first before you decide to risk your money and time.
|
|
|
|
Some confidence are stupidity. One of the stupidity is to gamble with coins and thinking that you are trading but instead you are a gambler. Another is to use a high leverage that will make you to continue to lose. Another one is when you are not using the amount of money that you can afford to lose. It is better not to have confidence and not trade if not following the trading rules.
These types of confidence have emerged because you are seeing trading the wrong way, that you end up trading like gambling. These are very common in the market, and they all end up losing and regretting. But the moment they learned from their mistakes, there will be a change of mindset as a trader. That's when they start trading through creating good market analysis, and trading within their limits. Little by little, confidence is built through their consistent exposure in the trading market. Trading is hard as it comes with market struggles most of the time. But if you are an experienced trader, you know already how to overcome those hurdles and chose to trade following the effective rules in trading. |
|
|
|
|
Bitcoin investment does not require a huge amount for you to be able to make an initial investment. Just start with a small amount at first, an amount that you are comfortable of losing. And by doing DCA, you will continue to increase the volume of your investment throughout the years. That's the easiest way so you will find your bitcoin investment grows despite of your little cash onhand.
This is the reason why bitcoin investment is not only limited to rich but even poor and average individuals are free to invest. As long as you know the type of investment you are entering and you know how it works through long term hodling, then I guess your money will be safe as long as you don't resort into panicking and selling your coins at a wrong timing.
|
|
|
|
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.
Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?
Being a long term gambler still does not guarantee that you can already control easily the urge to gamble. Sometimes, we feel that there is more luck within us that we need to let out so we can seize every opportunities to win in gambling, and that's when we tend to lose discipline when we gamble. My only advice is have your own betting limit. Set your own budget that you are comfortable of losing, and just think that you are gambling not exactly to make more income but mainly to entertain yourself and have fun. Change your mindset when it comes to gambling. The moment you see gambling as a way to release your boredom, then most likely you will also be disciplined when it comes to your gambling expenses. |
|
|
|
|
Newbies are not capable to trade in the market and expect sustainable profits just like professional traders. They don't have the skills and strategies that a good trader requires, and it needs a lot of exposure and experience in the market before you can say that you're good and profitable enough. So never stick with trading but focus on buying and long term hodling instead.
Bitcoin halving is nearly approaching and we have to maximize our bitcoin investment so we can also gain significant profits when we decide to sell. At least the risk with long term hodling is lesser, yet the profits are still huge and promising.
|
|
|
|
|
Slots have always been luck based and mostly, the edge is on the house always that leave us rare chances to win. So realizing that, then its really possible that we will only lose consistently if we keep pursuing betting in slots. That's why some players who can't accept their huge losses end up accusing the casino that their games are rigged, which I think it needs more clear evidence before accusing.
This happens if you always assume that you will end up winning decent amount after betting. When in reality, slots are giving us rare chances to win, so its up to us if we keep risking our money in this low probability of making us profitable, until we end up losing everything in our wallet.
|
|
|
|
|
Show Posts
