I remember, I extensively discussed about the topic on winning in gambling. Like the one you just mentioned OP, even if you win in gambling, you lose in different factors which is outside profit. For example, a person who wins in a gambling spree is most likely just balanced his winnings and losings in the process.

What gamblers feel is the excitement towards winning, disregarding their total winnings + losings in the balance sheet which highly suggest that they are still losing money on the process or just entirely recovered their losses.

Not to mention, gamblers have only two (2) options when they win, either: they continue; or they stop. But I do think that when a person wins in a gambling spree, the more likely scenario is that they will gamble again to feel that adrenaline and excitement, thus contributing to the loss fund they just started recovering.

Thank you very much for the clarification- then it all makes sense now.

First, I thought that the Japanese man should not entirely be blamed by this incident. But since he intentionally knew about the funds for the covid relief, then he should be put behind bars for using such funds for his personal gain. But despite all of this, there is that growing concern of his addiction. Imagine, spending that much amount of money in a relatively short amount of time- I guess their government has to address the issue of addiction after all.

With all of the prices decreasing and the prices of commodities increasing, the best course of action is indeed to HODL your coins. Wait for the market to stabilize as almost all of the global economy has been in turmoil. Prices of oil has been steadily increasing due to the war between Ukraine and Russia and this has definitely affected the global supply chain all over the world.

With that being said, while it may also be easier said than done, but HODLing may be the best course of action. But an investor must always listen and adhere to his contingent plan if they created one in case the price of BTC drops further.

This depends upon the substantiated proof by the complainant in this scenario.

Remember that gambling casinos can withheld any funds or withdraws if they see that you violated their TOS agreement or any of their stipulated rules. But if a reputable gambling website has been acknowledged that they indeed withheld funds without any reason, then it really takes only one negative and genuine feedback to lose their years of reputation building in the process.

Again, gambling websites should maintain their reputation and address all the concerns in order to prevent losing their customers. Their feedback from their customers is basically their life.

Game 5 was explosive for the Warriors tonight. It showed on how dominating the performance of all the Warriors team gathered around the game earlier. Even if they try to double or triple team Curry in order to prevent him from making his plays, his teammates compensate by attracting defenders and making plays after plays with all the defenders chasing around them.

Like what I previously mentioned, I do think that the Celtics cannot handle the offensive pressure that GSW puts to their defense and plays. As much as I want the Warriors to win at their home court, I do think that game 6 would be decided in their favor.

This actually makes sense given the fact that most of the people have invested into cryptocurrencies, yet they experienced losing on their investments.

The greatest example that I could provide is the event that transpired back in the last quarter of 2017. The price of BTC during that year skyrocketed from ~$2,000 to ~$17,000 during the last quarter of that year. When majority of the people found out about this, they quickly joined the trend without even knowing and understanding the fundamentals of cryptocurrencies. After a few weeks/months, the prices dropped to around $7,000-$10,000 and those people spread negative news about investing into BTC.

Again, if you are planning to invest in ANY platform, please do your respective researches on the subject. Like OP mentioned, investing because of the trend can lead to learning valuable lessons.

With laws being implemented to combat gambling addiction, it is but necessary for the government of some countries to create laws restricting such access. I really do think that your case is an example of such. While you were able to access the gambling website before, your country has acted upon such to limit/restrict your access on it.

Since this is the case on your end, I recommend trying some other gambling websites as a lot has been circulating nowadays. Though it sucks to lose access to the gambling website you have been accustomed using with, such is not the end of the world as it can easily be remedied.

Just to share and add to my previous post, I also remember that there was an allegation against game fixing in Dota 2. Since gambling skins in-game is a very prominent practice being used by gamblers, it is nothing but normal for some people to bet thousands of dollars worth of skins every game.

Years ago, there was a game being held and as expected thousands of players participated on the bet. But during the course of the game, both teams made very questionable plays and movements that made them suspect that they are involved in "game-fixing." Valve quickly made an investigation which turned out to be positive, so all the players responsible were held accountable.

I think my greatest challenge that I experienced was to understand all the jargons and terms used.

When I entered this forum back in 2017, there were dozens of discussion about the nature and history of cryptocurrencies. Being a college student with no knowledge or anything whatsoever, it was a challenge to fully grasp the effect of cryptocurrencies and to understand its dynamics.

While the problem revolves around understanding cryptocurrencies, I think it does not necessarily associate with a problem directly involving BTT itself.

I do not think so but there are environmental movements being created against cryptocurrency mining.

As far as I remember, there was a similar post like this one and someone extensively replied, saying that the heat generated by cryptocurrency mining is relatively low to the point that it does not produce as a pollution perse compared to other pollutions present. Unfortunately, instead of addressing current and worse pollutions in the world, these movements are targeting cryptocurrency mining because of pure hatred.

Like what some countries have done, a miner can geographically and strategically setup their mining equipments in countries or places with a cool climate to reduce the outgoing heat. But I really doubt that countries would permanently ban cryptocurrency mining.

I think you somehow deviated from the point that OP mentioned.

While sports gambling can be addictive, slots can be associated with more addiction due to its very simple nature and convenience on the player's end. In addition, slots are designed in order to trick the brain into winning the whole jackpot since they show figures that a player can potentially receive.

While complete data is provided (like OP mentioned) to show that the odds of winning a slot machine jackpot is so low, people still opt to choose this kind of gambling method. I hope the government creates some sort of regulation or at least provide more disclaimers about slot machines in order to avoid addiction more.

I agree with the points raised by your friend but it all boils down to personal preference.

As explained by your friend, online casino games are instant- meaning a person bets and the outcome is showed to you within seconds after the round ends in a current game. While some games require pure luck (e.g. slots, etc.), there are some card games that require some degree of techniques in order to at least reduce the risks you are facing (e.g. poker, etc.).

With regard to sports betting, knowledge about the given sport is definitely essential. If you have some data to formulate a hypothesis on who would win in a given match, then you are somehow reducing the odds of failure. The problem is, the winnings can be realized later on after the game ends.

Personally, I would choose sports betting since it is relatively safer compared to online casino games. Though there may be a delay in profit materialization, at least the risks involved aren't that high compared to playing slots, poker, or any related online casino games.

In addition to the excellent points stated by OP, I think it is also noteworthy to mention and to add that teaching children how to learn the value of money can be a crucial aspect towards their appreciation in investing. If children know how to value their resources, then they would slowly develop this kind of mentality where they will conserve their resources and money.

I remember that my parents used to tell me that before I can purchase something or ask, I should definitely work hard for something that I want. Whether it be toys or anything, I should always do something in return (e.g. clean my bed, etc.).

Though this may be the case, investing into cryptocurrencies can have positive effects if you truly aim for long-term investment.

Given that the nature of cryptocurrencies are deflationary and limited in character, you can purchase and HODL them for long-term. As a rule that can be applied to all investments, only invest the amount that you are willing to lose. In addition, always have a clear goal and plan towards your investments if you truly plan on profiting in the end. It is also advisable to create a contingency plan to know the minimum/maximum profit or loss you are wiling to shoulder.

It is not easier said than due to the fact that these vendors are also incapable of purchasing some sort of technology in order to store their cryptocurrencies. Let us say that these vendors were able to get their hands on some cryptos, the problem would be in cashing them out as this limits further their trade. But I doubt that such would be an issue to people who live in first-world countries.

As for third-world countries where majority of the BTC transactions exist, I hope that the technology would be somehow simplified in order for these "petty traders" to understand fully and adopt it to their respective businesses.

I do not think that there are enough jargons or terms that are relatively difficult to understand.

I remember when I first entered a casino, it was very difficult for me to understand the basics of poker, especially that they use terms such as hit, fold, etc. I was somehow confused on what those are but I quickly learned the meaning after doing some research.

Maybe the jargons you are pointing out can be applicable to some gambling methods that are practiced culturally or that is specific in a given country. But from my experience alone, I have yet to encounter a term that is of its first kind.

I actually did not expect them to lose to game 3 at this state- I guess, Curry got his knees injured which somehow affected his gameplay and mentality all throughout. Nevertheless, Jordan Poole has to step-up his game and get away from his shooting slump. It is times like these that his all-star talent and confidence and needed especially that the Celtics are playing good defense.

I really do hope that Warriors bounce back in game 4. While this may be the case, I still think that they will be winning the playoffs this year.

I think the most effective way to maximize one's profit in crypto casinos is knowing when to stop- so basically, having the discipline to call it a day and stopping after reaching your profit. The problem with most gamblers is that they tend to be greedy most of the time.

A winning streak does not absolutely mean that the next bet would be in your favor. Just one mistake and loss could result to a continuous losing streak since the normal response of a person after losing a bet is to bet again and recover such loss.

Remember that even by just winning once in a game, you could literally go home and call it a day to enjoy your proceeds on the winning bet!

While I somehow associate with your friend, the key to not getting scammed is through proper research and knowledge about the subject.

The problem with most people nowadays is that, they seem to ignore the fact that getting rich by doing cryptocurrencies does not happen overnight. While the prices may have skyrocketed over the past years, this does not entirely equate that such event will happen in a relatively short amount of time. In addition, investing is not the formula to success- proper knowledge is.

I have reported a bunch of scams throughout this forum and similarly, most of those websites have one common denominator- almost all have incomplete information and showed little to no effort at all in designing their webpage. While some websites have complete information, you can clearly see from their whitepaper itself that they have plagiarized it.

I do not think so- financial freedom is one of the reasons for the birth of cryptocurrencies. If banks were to create their own centralized currency in hopes of eliminating the need for the people to use cryptos, this just goes against the very foundation and nature on why people opt to use cryptocurrencies in the first place.

Decentralization and freedom are the reasons on why we transact. We use BTCs as the currency for anonymity and privacy- not to mention, every public block is listed on a public ledger (available to anyone) so that it can remain proofless.

I doubt that people would choose centralized currencies over decentralized ones. I really see no reason on why this would also kill cryptos in the process. In fact, I see this as an opportunity for the price of the latter to increase during the process.