If we put the mind always accept defeat then we don't care about the strategy for the chance of winning, even though they already consider losing 65% in every bet but still have to look for opportunities to win, because winning is not the goal of getting a lot of money but feeling happy because the strategy has worked. I think the pattern described is incorrect because it is also not wrong if some gamblers want money from winning, but it is important for them to avoid greed and accept loss without risking any other money.

Very much likely. In our country, Police has been dominating the country with various aspects. Most of them are corrupted and we don't have anything to do. Well, I blame ourself for this, we don't have the ball to raise our voice against it (risk is to get jailed for no reason lol). They take bribe all the time. I myself have been a victim recently without any reason, I have done nothing but faced a lawsuit.

I don't think so. They are enough paid in my opinion. It’s most likely black money as Police is one of the biggest terrorist in Bangladesh.

It's funny to see a police officer who was supposed to working as per the law, has recently been detected as a cryptocurrency investor. Well, I'm happy to see that personally to be honest.
Last month, the ASP has posted on twitter that he was holding 130 million LUNC which was around ~$70k at that moment. We all know what happened to Luna. He has invested in LUNC after the LUNA crash.
Though I'm personally happy to see that, but it shows how people in Bangladesh are breaking the laws. A lot of people are active in cryptocurrency trading despite govt discouraging it many times.
It's sad they have picked shitcoin instead of bitcoin.

precisely. I have the same thought as you.
and one important point in gambling is that we should not expect to make gambling as a source of income. because it won't work. Gambling can only be used as refreshing and entertainment in the midst of a hectic life. So as a gambler, you must be ready to accept between losing and winning because this is a matter of 50:50 chance. and about luck. like you said that we could win today but we don't know tomorrow and so on.

Even though I do understand what you are getting at, Investors and traders alike have their different reasons for how they keep their cryptocurrency assets, whether in the CEX or in personal wallets. That said, the same way you think of it, people could have sold at $60k and bought back around $30k, but we have noticed that the market dropped way below that to around $17k+ actually, and if you have bought around $30k and still seeing the market continue to drop wouldn't you have panic sold again? Thinking you could have sold around $60k, most people didn't believe that the market was going to go full Bear mode from there, in fact, people were still saying it would reverse to $100k but that didn't happen.

Gambling is not meant for winning. Its meant for the dopamine/adrenaline rush.

Unfortunately a lot of people fall for the big shiny prizes and gamble their lifes savings away in minutes. Others become emotionally compromised and keep betting and betting, determined to win back their losses.

But mathematics, more accurately, statistical mathematics is not on the side of the gamblers. They are on the side of the casinos. Why? Because the games have been designed that way, so that the probability of making money weighs heavier on the casino's side of the scales.

Don't feel bad if you lose, but keep yourself under control.

Beware that you have to find a good balance between selling, buying, buying back and HODLing. After all using exchanges is always risky, trading is an extra risk on top of it. I personally dedicate a small portion of my bitcoins to trading which is why when Bittrex scammed me and stole my coins I wasn't devastated, that was simply because I was trading with a small amount that I could afford to lose.

If you get over that, trading could give you some good profit. For example I sold a small amount above $30k and bought back above $20k and I'm happy with the profit I earned regardless of what the price currently is.

I don't think it's just a mantra but lucky charms that people like @lienfaye already said because I've seen people carry lucky charms everywhere. The existence of auspicious spells or charms is always present in every country and it doesn't look like it will be easily lost for some time to come. So the trust issue has been around for a long time and there are still people who believe in it and continue to use it.

No one should expect a Rolex,you have everything explained in the page of prizes,the number needed to roll and the chances in percent for that prize to happen.We all know that no one yet has won the Iphone 12 Pro Max let alone the Rolex so we should expect as you say the lowest prizes for a spin,if we hit something bigger then good for us,otherwise we will always be disappointed with the prizes we receive from the WoF spins daily.

That is the limit of prizes in the WoF spins,you can't have more than 50 Satoshi as a maximum base prize which I think it is fair.

Whales simply use it as a playground. Even if there is a crash, you cannot rely on price movements. When there are liquidations for longs and shorts, the market takes a big swing to screw as many people as possible.

Well, considering that you made 33 spins, what isn't small number, I think that your winnings isn't something special. I'm lazy to count, but I think you mostly got 50 Sat worth prizes, not even 500. I don't really like that when Bitcoin goes up, WoF rewards goes down to. But when Bitcoin hits it's lowest level in recent year, rewards can't exceed 50 Satoshi.

I've always said that there is no problem with selling bitcoin, I'd go as far as saying there is even no problem with panic selling bitcoin either. The problem is not buying back soon after. Imagine if this person who panic sold below $20 had bought back when the panic sell ended and before the price started shooting back up again.

It's the same scenario repeating itself every time we have a drop. A large number of weak hands panic sell but they don't buy back, only a smaller percentage of people are buying these days. People who would be called whales a couple of years later.

Since there is no positive news regarding bitcoin and crypto right now,we can still wait for more "discounted" price.You know the usual method,buy the rumor,sell the news.So if there are no solid rumor yet,wait till the market started to show slight recovery and then go in.

Almost everyone that engaged in gambling did so with the sole aim to making money through winnings from their bets, and I don't think there's any reasonable gambler that goes on comfortably smiling in the process of losing his money to gambling no matter how little in amount the stake might be.

For I often wonder how gambling will look like for a gambler going on for days or weeks be it with online casinos or betshops without winning even a stake but then I discovered a certain guy around my neighborhood that I met within one of the betshops around my street that enjoys and derives pleasure in just playing gambling even without winning any stake. Like this guy has no big deal with losing his bets as long he keeps on playing and it baffles me if it's a psychological issue or what?

For it baffles me that someone could decide to engage into gambling only because of the pleasure he claims to derive while engaging in it as opposed to making profit or winning money which is every gamblers most concern.
Just yo raise some discussion, could this be a psychological related issues or is just a normal thing?
Also, have you come across such persons and what was your expression?

I think that governments are taking advantage of entering people's privacy using the most vulnerable possible excuses of "protection", I respect everything that has to do with security, but I know that trusting governments or banks is suicide, they they want to have total control over people, make sure that no one has their privacy, see and track all the operations that have to do with money, how many people move money and why they move those amounts, I think that will be a trap to apply all the acid in the future, of course as I said before, these are my thoughts.