I've purchased something I need but there's no need to sell a portion of my bitcoin holdings. That's the one mistake other Bitcoin holder's make, they put all their money in Bitcoin hoping they could earn money everyday to sustain their daily needs, which for me is not a very good kind of plan.

It's always better to find another source of income, for your holding to remain in your wallet for the next bull run, and not selling it little by little just to survive in everyday lives. It's better to hold it for the long run, and not just short investment.

It's so sad that this happened to you. Unfortunately, this is just the consequences of your wrong choices. But I'm glad you were able to learn valuable lessons because of your questionable decision in life. I guess it's really part of growing up. Sometimes we just don't learn from other people's mistakes because we're stubborn to listen to begin with. But hopefully you will overcome this and pay all your debts in due time.

I really do hope that this will serve as a reminder to the newbies in gambling as well as those who have been already in the industry for so long. Never, ever spend a money that you don't have to begin with. It will just cause you trouble and headache. Financial problem, mental health, and your well-being will be affected if you will gamble irresponsibly. So think twice before making a bet, and make sure it will be worthwhile because you thought of it many times.

I agree with this strategy. I think it's a very smart move to safeguard your capital once you win in gambling. Profiting out of your bets and plays is nice, but it's nicer to secure what you initially deposited and keep it from slipping away once you won. That way, you can have your peace of mind that you already have a breakeven, and then just use the profit earnings to gamble some more if you really want to gamble and play further.

You must not be greedy to the point that you will use all your funds including the capital and the profit itself to chase more money because you can go from 100 to 0 with that impulsive approach. Securing your money isn't really a bad thing and is something to be neglected because you could lose a lot if you will have no sense of urgency and logical thinking.

There are several reasons that influence the rate of winning of rich people and poor people. To name a few, these are the reasons that I often see which greatly differentiate the two: abundant financial resources, knowledge on risk assessment and management, and being disciplined.

Being rich elevates the advantage in terms of winning gambling because they have more than enough fund to risk for gambling. While it doesn't guarantee since everything is still a risk, it increases their chances because they can bet more and bet huge. While poor people can only bet a little (unless they are addicted) because they have to monitor the flow of money, hence the chances slim out with low frequency of bet and play.

Having the knowledge about risk assessment and management helps a lot too. Knowing this and incorporating it into every play will definitely give them a leverage. Applying different strategies and approaches because you know how to play with the uncertainty will help a gambler achieve more profit. Lastly, discipline. Having self-control is very essential in gambling. Most rich people have a very strong sense of self-control because they know their boundaries. Most of them have other matters to attend to because they only view gambling as entertainment and not a source of income. Unlike for poor people that view gambling as a get rich quick scheme to rise from poverty.

In my perspective, you did the right thing.

Gambling is a risky venture for profit generation. Not everyone becomes successful in gambling despite having the fund to bet and play. Most people often lose because they are fixated with the thought of earning big when in fact it isn't very easy to achieve it. In you old friend's case, her main motivation is earning money by making gambling as a side job. While it is plausible, it is also full of uncertainty. Winning isn't guaranteed after all. So if she doesn't have enough fund to begin with now, and can't afford to lose much, then I suppose she owe you one by discouraging her in gambling.

If ever she persists that you introduce her into gambling in the future or later on, just make sure to let her know all the advantages as well as the disadvantages of it. They deserve to know that gambling has its dark side too. Gambling doesn't equate to getting rich quickly.

You indeed need to have money to be entertained. Money is an essential thing these days. If you don't have money, you won't survive the day and you won't be able to do the things that you want such as your hobby to have relaxation. So it's important to earn money to attain the lifestyle that you want. If you will be lazy, you won't go anywhere. But if you have money and at least earning a decent amount that could buy you your necessities and lets you afford those luxurious activities such as gambling, then consider yourself lucky. But do not abuse your capability and just gamble responsibly. You don't have to be rich, you just need to have extra money to gamble without breaking your bank.

Indeed. There are many factors affecting the outcome of a play. For instance, in sportsbetting, it's mostly reliant to skills and knowledge. It's essential that you are updated with the current happenings about the player and the team itself in general. Having a background knowledge about the team record will be beneficial as well to know which has the higher odds of winning based on their track records. Although yes, luck still does play a part in sportsbetting because at the last minute, tables can turn. So it's important to at least consider shocking turns happening the last part or when you least expect it. But of course, still base most of your assessment on your knowledge and information at hand. 

I guess it will just know depends on the perspective whether it's a lucky or bad day. After all, it varies. If you want to make profit, losing is really terrible. But you can always do better next time around. Just remember to not be too greedy.

Being a casino owner is really a stable way of making money in gambling. If you are just going to be a gambler who will bet and play, you are right, the chances of winning isn't the same everyday. You might be luck today and lose so much tomorrow. Nothing is ever certain. It isn't guaranteed that you will profit because every move you will make will have risks. So with this, the earnings isn't guaranteed. Even if you have so much resources at your disposal, if it isn't your lucky day, you will end up losing so much. Of course this is just the pov of those luck based games. But if you will participate to skill and knowledge based, you may have higher chances if you are strategic and knowledgeable, but luck will still play a part.

Bottomline is, if you really wanted to have a stable and continuous income in gambling, you are looking in the wrong direction for being a gambler. Be an owner instead if you are merely after the profit and not the fun.

I guess this will depend on what platform you use in gambling. If you are the type to use online website to bet and play, the chances are slim that you will be able to socialize because you are mainly focus on your game without interaction with other gamblers. Unless you have a community where you can share your ideas and talk to other gamblers. Meanwhile, if you are the type to visit physical casino establishments, it will be highly likely to develop intrapersonal skills that can be your edge over other people. Communication skills will be honed once you are surrounded with other people with various perspectives. So you might bring this to an interview and to the office as well. Showing collaboration and having a smooth talking skills will definitely get you somewhere.

In both, critical thinking is honed. It's really important for gamblers to know about risk assessment and management. Impulsive decisions do not have a place in gambling, otherwise you'll end up losing and you'll end up being stressed.

Old generation can influence the younger persons perspective when it comes to things that they are not familiar with and is taking an interest into because of frequent exposure. Having kids or minors around when adults are talking about gambling can pose a significant impact over a child's developmental thinking about gambling. It can either persuade them and encourage them to try and see for themselves, or won't pique them at all. It's a case to case basis. But for me, it's still better to not involve kids into adult matter such as gambling. Kids below that aren't in their teenage years still do not have the capacity to grasp the pros and cons of gambling.

For me, the age that is better suitable to have gambling's pros and cons would be when they hit the puberty stage because at that age they become curious. It's better to educate them at home about the advantages and disadvantages rather than for them to know it from their peers which can't really provide in depth details that are needed for awareness. Kids and teenagers are both minors, but introducing it to a very young age will be a no-no for me. In encouraging minors to focus on their study instead, you must set a good example first and tell them about the benefits of finishing a degree and cons of getting addicted in gambling.

It's really important to know risk assessment and management when you want to gamble. It's not enough that you have the money or the skills to win, but it's equally essential to know when it is worth it to bet and play, and when it isn't. Knowing when to stop and when to proceed with betting should be possessed by every gambler. This way, you won't be tricked by the house to shed more money than you are supposed to.

If you are already happy and you think you already profited, then you can go home instead of being so greedy to chase thousands of winning. It's better to go home with a not so high profit than nothing at all.

This depends on what type of gambling game you are playing. If you are playing luck-based games, then most probably it'll vary on the scenario and on your luck. But if you are playing skill based and knowledge based games such as sportsbetting, the chances of you winning will depend on how much information you know and how well you play your cards. Game approach is very important. If you are already winning at 60% I guess that's pretty good winning rate already, especially if you are still new in the gambling industry. Although just be careful so you won't focus much on chasing winnings that you will neglect the possibility of losses. Take profit when you are already happy. Do not be greedy so much in making money.

I don't pay for signals in trading, and I will never ever do such thing.

I'd rather invest in myself than to trust someone else's technical but I'm going to pay for it. It's not profitable in the long run to be honest, you're not going to grow in that kind of trading. It's better to study on your own, watch tutorials of basic fundamentals of trading, read books, and do some trial and error while managing your trades very well to avoid big losses while exploring.

If you gained a lot of experience and you think you can do it without lossing too much trades, increase your capital per trade.

Stop loss is use to minimize the loss you could suffer just in case the market went to the opposite direction of your trade, because it will stop your trade once it's triggered on a certain price you've set it.

If I'm not mistaken, it's always visible on the trading panel in futures, you just have to explore UI of whenever platform you're using in trading. If you can't still see it, for sure there's a lot of YouTube tutorials regarding about the exchange where you're doing your trades.

I definitely agree with this.

And when your prediction even with technical analysis went wrong because the market is not on your favor, irritation, and being frustrated will give you so much error in your next trades. This is where you're going to chase your losses, which is very dangerous, since you'll think that there's no need for technical analysis anymore because either way, you still going to lose your trade, therefore you just randomly make a trade and rely on your luck.

And the ending will always a big disaster for you funds.

I definitely agree.

Teach them while they're young, because it's way more better than teaching an adult about Bitcoin. Kids are way more open-minded, and wanted to explore things than an average adult person. It would benefit them as well in the long run, especially these days, where inflation always happen and the price of goods and other products are no joke. It's better if they are going to be financially free in a very young age after years of studying Bitcoin or anything about finance.

It's one of my pet peeves to be surrounded with people who like to pry about your financial matters. It's as if you owe it to them that you have a good life, a good financial status, and for having the things that you own. Most people will let you feel awful simply because they are envious and jealous of you. Some people I know have this sense of entitlement that you should obey them because they have the better perspective, or give them something because they have less than what you own.

I don't know why these people do not feel shame about what they are doing. It's not as if it's their money, so the choice whether to give or not as a token of appreciation should still be yours. It's so irritating to be commanded like you owe them something. It's still better to give wholeheartedly. I'd rather let them be salty than to have my peace of mind and winnings be compromised.

They're not happy with the profits if they are going to sell now, that's why. People are always greedy, and there's nothing wrong with that since there's another all time high coming, we just don't know when. Also, there's no need to sell your bitcoin holdings if you don't need it for something, unless it is very important and you need extra money. Other than that, I don't see why people should sell their Bitcoin holdings just because the price pumps.

It isn't bad to be optimistic to make a profit in gambling. I have a friend who is very lucky in gambling and is making it as his source of income while we were still college students back then. It was very helpful for him because he can survive with his daily winnings. He was able to buy his necessities and his wants without having to rely much on his allowance, which made me think that if you are just really knowledgeable, skilled, and lucky enough, you will really make a profit in gambling. Of course, resources play a role too. So maybe it was his initial deposit that paved way to consistent profit.

While I can attest it can indeed work for some, it doesn't necessarily mean that it will work for everyone. Take it with a grain of salt that not everyone can be your forte. Some might make money and even be successful in gambling, while some won't. And that is the reality we can't really control. People have different experiences, financial status, strategies, skills, knowledge, and luck. So it will really vary depending on your approach. If someone badly wants to continuously make money from gambling, of course it will not be easy. It will take time and experience as well as guidance from other gamblers.

Emotions can indeed influence a person's drive in gambling. Most of the time, emotions play a role in a person's decision making. Feelings could sway your way of thinking and the way you do things. I personally knew people that are lonely and depressed that resorted in gambling because they find comfort in making a profit on the side as well as being entertained whenever they are betting or playing. Your emotions could trick you in doing something that you aren't really used to before. Some people gamble because it serves as their coping mechanism on dealing with difficult things that happened in their lives. It can fuel addiction because they get the cheap dopamine to gambling, filling the emptiness in their heart with excessive gambling habits so they won't feel the pain or loneliness.