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Dude, the answer is very obvious. I'm assuming that by saying profitable you mean long term or consistent profit, right? Nope mate, it's never profitable for us because although the game is fun but there's a house edge on it, and we will never gonna win if a game has a house edge. This is for fun, you got lucky, cash out and enjoy, but once you come back, don't know if you are lucky again. The point is, the house edge is is on them not on ours, which means we are not profitable.
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Another thing the traders should have is a plan. Many of the traders do trade on emotions and gut feeling rather than having a proper plan to take profits or stop loss.
An example of myself when I first started leveraged trading, I put my bet on a coin and on my first time it hit it's higher point at 4 hours since I bought. I was so happy with that 20% profit that I invested both my principal and profit on the same coin at a larger leverage. I should have thought there ought to be a correction after a price jump but I did everything cause I didn't had a plan.
I guess is impatience that is making some traders not to succeed at the end of their trading because, if you trade when the price is high in the market, it will allow you to display some positive results from the market because that is the best season traders use to achieve profits. Many new traders always experience some challenges from their trading because they are not yet mature in the crypto trading and, once they are mature by achieved the knowledge of trading to achieve profits and remain in profits making will be possible for them. In general, the lack of preparation is the main reason why a trader has failed in the wants to succeed in trading. Some people had just jumped into trading because of the influence of social media and even from friends, and I say this is a big mistake knowing that trading won't simply just work without proper preparation. In fact, there is no easy money in trading far from what other people are thinking. Because if that is too easy, nobody will suffer losses and failure but success. That is why I have no wonder why a lot of people lose their money because, in the first place, they underestimate the volatility of the market. Most of us just start learning trading when have already suffered losses which is not a good practice, and I believe a lot of people are doing this. |
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Knowing which project will pump is not the hard thing to do but what makes people think it is difficult because they are impatient. Valuable coins don't get pumped too easily like hyped projects which makes impatient people ignore them instead, they choose scam projects from believing instant ROI which is truly impossible.
A smart investor doesn't just look at the appealing pump of the project but rather considers the use case of the project because this will their assurance that a particular project will soon pump and increase its value.
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That's a profound take but yes that's it, success is built upon mountains of failure but I'd like to clarify something about this words because some people forget that it's not just failing over and over again that constitutes to a success, it also involves the fact that you should be learning something new when you're failing because if you keep failing over the same mistake, you're not destined for success. When it comes to trading, my advice is to try and make sure that you're not failing horribly and always find a way to learn but at the same time minimize your fails because failing on trade means losing money and you can't really lose such resource in this world. It's good if you do some practice in trading before trying yourself for the real one, no risk but you're learning a lot of things.
There are two things that a person reacts to when failing and committing mistakes; - take this as a positive note - take this as a negative note If we say positive - it means that we use this as a reason to improve and level up our knowledge and skills. But if we take this on a negative note - it means that trading is not for us and quit. Failure seems not to look good and could really affect our mindset but if we are determined to reach our goal, we should take this as a motivating factor, not a negative one. |
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I really don't think to stop gambling if we don't have free time is a good expression but rather be saying, stop gamble when you have a lot of free time. It is important for a gambler to be responsible with their time and gamble according to their free time. Gamblers can choose to gamble at night or preferably on weekends where they have more free time. Because when gamblers cannot manage their time when gambling, it will disrupt their activities and make them unproductive and tend to play unwisely. If gamblers play according to their own desires, without considering the time - over time it can make them addicted to gambling and have difficulty controlling themselves.
I see some gamblers gamble during their break just to stress out their workload. while some gamble after their office hours. That is a good practice indeed but should this really matter a lot? Limiting time when gambling is a part of gambling responsibly because the more we gamble, the closer we catch to addiction. I think 1-2 hours per day or every other day is quite enough to satisfy our gambling habits. If we can continue doing this, the more we appreciate the benefits of gambling in our lives ( stress reliever). Whereas, falling into addiction is the most likely thing to happen when we exceed our time limit. |
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TRUST could not easily given to something especially if we talk about security. I was not certain if those who say that Trust Wallet can't be trusted are true because many people are also using this wallet without any problem. Though I was not using this wallet always but as I checked on my account, I didn't see any suspicious activities which means that nobody bothered to access my wallet. Or maybe it was because the amount is small and hackers never think it was worth hacking.
I think my strategy is working well as I'd never put my coins in a single wallet as I split it to another's storage wallet.
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Pacers is where I was surprised the most or maybe because it's the only game I watched, they played so hard today and once Haliburton finds his rhythm, it will not be easy to stop him.
In his past 7 games, he only drills a three-point shot once or twice and today he got 4. Finally. He was shooting lights out during the All-Star event and after that, he was not the same Hali that can sink in any three at any position. Today, that changed and the defense was phenomenal. 4 steals and 3 blocks. Wow.
It was probably due to the adjustment he is making when Siakam was one of the go to guys. Yes he wasn't the same anymore when he comes back but that was before he suffered from injury, and some players like him needs some time to get his grove back and he showed that confidence in this game on the road. Let's see if he'll keep that consistency in the upcoming games, because if he'll play like that, I can expect that the Pacers will be winning most of their succeeding games and will ensure their playoffs ranking when the regular season ends. |
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I agree with you that no one loses by investing in Bitcoin and those who invest in Bitcoin. They are not disappointed in some cases it may take a little longer to get the profit. But no one is directly disappointed and his meaning is not lost at all. But if you invest at the right time, it is possible to make a lot of profit, because if you invest when the price of Bitcoin is going down, the number of profits is very high.
The value of Bitcoin just changes (up and down) but the amount we purchase (and hold) remains the same. Therefore, if we don't touch our Bitcoin, nothing happens. We only just lose if we sell them at a cheaper price compared to the buying price, and we only earn a profit by selling them high. That is how this investment works. Unfortunately, what is in the minds of some people (newbies) when they see a price decline and check their portfolio is in red, they start to panic. Real investors don't take a move without a plan but passing investors don't have. This is why only real investors make money and are also the ones who are able to understand how things work out and why others are complaining. |
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- With every mistake in trading, greed and having overconfidence do not disappear. This is what often harms traders. So we should learn to be satisfied with the profits we can get, not to wish for more than what we want.
Especially greed, it is always easy to get into the minds of traders; in fact, it is something that we must know the right formula to overcome before it can control us, so that in the end our capital investment is not destroyed.
Hmm, I think you missed something as we are talking about gambling here not trading. Or are you just citing that gambling is like trading? Well, whether you are talking about trading or gambling, greediness has nothing it help us but terrible ends and major losses. We can prevent this from happening if we don't let our emotions burn out and think more more money. Greed is actually with us, but we try to control it as much as possible. Those people who have got influenced of greediness (too much greed) not just destroy their financial capabilities but also their good behavior. The impact of greed is huge which can ruin everything we have in life. |
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If the gambler has completely lost the value of money and control over himself, it is important to take urgent action.
It is a must but was too late late because they let this thing happen when we could prevent it in the first place. Once addiction is already there, that is hard to stop. The first step is to seek help from a specialist in psychology or psychiatry to understand the causes of addiction. Next, you need to restrict access to money, for example, by asking your loved ones to control finances. It is also important to find an activity that will help distract you from gambling, for example, sports or creativity.
Do not hesitate to ask for help from relatives or professionals, because the health and well-being of the gambler is most important.
The process of healing addiction is quite longer than the time we got into that situation. That is why we should not let this thing happen to us because that ruins everything - relationships, money control, and behavior. It really needs proper guidance because he can't heal it alone but with some help. That is why it must be clear to us the possible things that may happen to us upon gambling and the consequences of losing control of our gambling habit. |
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There are so many different types of coins nowadays, but I don't even know how I should choose anymore. Do you guys have any good advice?
Perhaps, you should do it for yourself as you can't rely on others to give you such a piece of good advice or even think that you easily jump what is in their mind without validating or doing some research. In the end, your final decision is very important, and that only happens if you have done the necessary research. There are tons of coins in the market but just to give you some hints. Focus on the top 20 altcoins as they are potentially profitable rather than thinking of buying cheap coins. You may choose hype projects but must be careful with them because any minute they might turn to like another rugpull. Therefore, you should spend extra effort and decide with analysis. x |
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Well, the Rockets have already won seven games in a row, which is unexpected. If they continue at this pace, they could take over either the Warriors or the Lakers in the standings. Obviously, it can only be possible if the Warriors or Lakers perform mediocrely in their remaining games.
It's really exciting to see which team gets the spot to play in the play-in tournament because the number of teams fighting to take over the spot are playing well in their last games. As of now, their games are more entertaining to watch than the top teams in both conferences since they have already secured their spot and now it is the last team to play in the playoffs moments. They're actually giving their best to push their chance to compete in the NBA playoffs this year, as most fans anticipated, I want to see the Houston Rockets getting their way into the NBA playoffs as well. I think the Rockets getting to the playoffs is unlikely. Yes they are at the number 11, but with lack of experience they'll probably fall even if they get to the top 10..They have a good point guard but I'm not betting on this team to upset the proven teams that are struggling this season. Let their win streak continue and see where it will take them, but in case they'll prove me wrong I would still be happy anyway, as long as the Warriors are in the play-in, I'll be fine. |
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Surf on Twitter (X) and then find this video,
where a man makes a bet at the Roulette table using all his saved money.
It looks crazy and people warn him, but with that tension he gets his bet.
That's a crazy decision to use all your savings in gambling especially in Roulette since it's a luck based games. But this guy has a guts to bet all his savings, a total gambler indeed. Yes it was a roulette game but he wasn't betting on numbers, he was just risking on the black or red which gives him 50% chance of winning. He was just lucky that's why he won, but the most interesting part here is he bet his life savings for 50/50 chances, it's crazy but not too crazy at all. He was very lucky and won the Bet.
But this is very risky.
Fortunately he managed to do so. Because if the outcome is the worst he will probably regret his decision to bet all his money. In this case, it's worth it. But then, it's not a good attitude of a gambler because the rule is to only use what you can afford to lose, that being said it's better to gamble using a spare money and not your entire savings. For sure, the words itself which is a "life savings", it's like you are betting your life on that game... your opportunity to enjoy that money in the future for the chance to double it... It's desperate way of betting so it's not advisable, but this guy succeeded, so he gone viral but it's still not something good to follow. |
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But I don't see the ease in achieving all of that now as the approach to people's assets is complicated and almost impenetrable. People are now paying more attention to security and possible exploitations.
Because it was not really possible in gambling. Because there are no mathematical calculations that are made to get such close accurate winning numbers. In fact, in my country, many people are doing this but I haven't heard they win. We need luck in winning the lottery unless someone from the inside manipulates the results. There are rumors that some high-ranking workers in the lottery pay someone to buy tickets and win but there is no strong evidence to convince people this is true. But we can feel this is true because just imagine that there are a lot of people buying lottery tickets for several years but winning nothing. Then how come a single person wins 14 times? |
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...
it’s still better to hide your victories from others. I've seen many clear examples.
That was your opinion as I share my winnings with my close friends, family, and relatives but of course, that will depend on the amount. It was not being generous to others but just thinking about why we can't treat other people if we win. It depends on us and the circle of your friends, family relationships, etc. Well, we can take that point that some of the people around us may not be happy about our winnings but it doesn't mean we have to get angry with them. Instead, we have to open our minds and think that not all people will appreciate the achievements we get, some will hate it. We can ignore them instead and enjoy those people who treated us well. |
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Whether it is the last chance or not, still we need to buy with some faith. As an investor, we should think wisely and never get into such a thing when doubted, or else, this will be the reason for our regrets. We don't need to urge ourselves to buy this time if we are uncertain, there is another bear season after this.
But for the risk-takers, then I think we have to consider the current correction. We are not yet in the new ATH, therefore, we really have the chance to earn a profit. Of course, that was different from buying Bitcoin during the dip. For newcomers, must think deeply and keep the volatility in mind before deciding to invest.
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I said no and why? Unlike before where we joined an airdrop and just needed to register on their site but now, you need to complete some tasks before getting rewards and sometimes we need to stake them. There is no easy money now and aside from that, we don't have any assurance to get rewards after staking. I won't say this a waste of time but seems to be like that because most of them are just scams and useless projects. That is why only a few people have joined this kind of program due to the changing system of getting airdrops. Old forum members could really say a huge change happened in the market unlike before which airdrops were just easy money.
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We have our freedom to choose either to avail or not. Availing one might not be necessary if you are winning in sports betting, but if you are desperate enough to win because you had sorted all necessary stategies but it's still not working for you, then you might want to try this.
However, there's still a question on how legitimate the offer is, because claiming that they are profitable is easy than proving it, and if they can prove, they can do it anywhere even in this platform so it's not necessary anymore to join the telegram channel they organized.
When we are winning, we have money and it's not a problem anymore for us to join a premium group and the reason for doing is because they might know something that we don't know and that makes us to increase our winning percentage but for those who can't win anything on their own, maybe they don't try their best yet? You know on doing an analysis, and others that can help them improve their chances. They better focus on it first and besides, they are still low in money due to much losses, although there are also free groups out there in which may also perform nicely but before anything else, investigating their legitimacy is the thing that we should do first. But OP's offer does not involve a lot of analysis, rather than just a pure trust on their group that whatever they'll say are going to happen. The point is, it's called dictation because they are seeing the actual game that are delayed in live tv ( or we could use a delayed telecast), and you can take advantage on it. Now, you just have to evaluate if you are willing to risk on that offer and hope you'll profit, but for sure in the long run as this trend gets more popular, bookies will be able to make an adjustment and this might not anymore work. |
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And this is the kick off press conference in LA https://www.youtube.com/watch?v=J9AOiXOqK_cEverything looks relax, Munguia looks very young here as compare to Canelo, Lol. But we should really expect a war here, both are Mexicans. Canelo also explains why he chooses Munguia as he said that he won't be fighting another Mexican. Canelo is still a huge favorite but for sure, Mexicans are going to be proud of this fight in their holiday. Never seen a Mexican fighter that is boring in the ring, it seems like that's their reputation and they will live with it, so for sure we will witness a firepower here. However, I just a bit disappointed with how Canelo choose his opponent, because he is already at the twilight of his career, so he should be seeking big fights against an opponent that could potentially give him a 50/50 chance, not this one that he is a heavy favorite to win, but then there's nothing we can do here so let's just watch and enjoy this upcoming fight. |
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Indeed, all of it is worth remembering but unfortunately, most traders especially newcomers have seemed impossible it to work and this is because of the lack of emotional control. And this is one big factor that affects our trading journey and the most common reason why we fail. That is why we ain't see all traders who try had succeeded but instead, we see a lot (majority) had failed for some reason.
In trading, there are a lot of things to consider;
- the way we responded on the current market situation
- market approaches
- mind control
- fund management
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