Hi gamblers, it's a simple question I want to ask...
Remember it is said that, in gambling, the house always wins, I Want us to look at this two scenarios and tell if this are not actually a way to win/beat the house..
Imagine yourself as a new gambler who just joined a casino, played a few dollars and with luck on your side, you win money running into thousands of dollars, will withdrawing your money plus winnings from that casino, never to return there to play again, mean you have beaten that casino?
Secondly, imagine that on your first day of gambling, you gambled $200 and in the process, won money running into hundreds of thousands of dollars, you withdraw the money and start up your own business, and never returned to gambling again, isn't this one way to beat the house?
You beat the casino, but the others don't, because the majority of them lose, implying that you were just lucky to win it. It also doesn't mean that beating them means they lose a lot of money; they still make money as others lose to them. This is the only way to beat them in the casino ; you win, then flee, but winning from your first deposit is extremely rare, or having "beginner's luck," but they have a kind of algorithm that says you will win in your first trade if you bet small. |
|
|
|
|
All the user of the forum really thinking on investing and Holding it for long term as bitcoin price is promising. Also my current mindset is that i would buy bitcoin even small and accumulate this overtime as long as i have extra money since we see the chart right now that it is breaking its resistance and i am hoping it will break in this following days.
|
|
|
|
Which is the best? Trading on bitcoin or investing in the stock market? The battle between short period earning and long-term earning. Share your thought about it.
Both markets have their pros and cons, if you want to be safe and less volatile, then stocks are the choice, and if you like to take risks but have a chance to make bigger profits, then cryptocurrency is the choice. I've been into both markets and can't say which is better, it's up to you. Like I like risk and volatility, so I choose cryptocurrencies and my friends don't like risk, they choose stocks. Long term or short term, I still lean more towards bitcoin, because in the long term bitcoin growth is very impressive. People have their own preferences but both of it is still having the same purpose we use them to earn profit or money. I haven't tried stock but it is safer than forex and also crypto as long as you have knowledge of the company you are buying shares and less volatile unless there is big news coming up on their company. Bitcoin is really attractive because of its price, which is why a lot of new people mostly Gen Z are jumping to bitcoin and crypto because of the price the is huge. |
|
|
|
If studied and analyzed further, selling Bitcoin at the current price is not a good decision for those of us who have other income to meet our daily needs because Bitcoin is a future investment that will be profitable.
But if you are an early bitcoin holder, you bought bitcoins for less than $100, then selling bitcoins now will be a huge success. Firstly, you made a profit, and it was a successful investment; second, if you need money urgently, there is nothing wrong with selling at the current price; and lastly, there is no guarantee bitcoin will bounce back or hit new ATH levels, the future remains a mystery. Even if you purchase bitcoin 5 years ago there is still a lot of profit from it as long as you survive the ups and downs of bitcoin. No one can predict the price of Bitcoin as there are possibilities (low) that it will die but you can see a lot of people right now are buying bitcoin and others are holding it for a long period as they want to get profit. We can't predict it but it is very painful if we are left behind and not owning any bitcoin. |
|
|
|
I have been in a job I detested and although I somehow managed to stay at it for up to 4 years, I didn't even for once let go of my passionate hobby and other passive streams of income I was interested in at the time.
Today, one of my passive interests pays more than my salary. My mind has been yearning for a resignation, but opinions of others and family bears the message of patience with the job I so much detest for reasons ranging from inflation to fear of the unknown.
If you were in my shoes, what would be the best advice you would give yourself and adhere to in this instance?
I think you just want confirmation that you will do the right thing and that you want to leave your job because according to you you detested it because, in the first place, you're not going to create this post if you love your job so if I am in your shoes I will just leave my job and do the thing that I love, our dream and goal is to do the things that we love and enjoy doing while making money out of it. If the OP is single and not a breadwinner, then this is possible, but if it is the opposite, then I won't be recommending this as you need a stable job or income rather than a side hustle or passive income that will be gone in a few months. If you have already had a child, you must make a decision not only for yourself, but also for your family, because if lose your source of income, the rest of you will be affected. It is very difficult to find a job right now, but as long as you see that your passive income will last for 3-5 years, that is good, or you have savings that can last you a year without working, that is good. |
|
|
|
|
There are really people that have short patience and want to earn profit instantly, but comparing it to opening a bank for your infant so that his or her future is secured is good, and I just realized this as I do have a child right now for which I am planning to open a bank. But what I plan is to open her a bank and at the same time I will hold some bitcoin so that I will make half the risk, as we know that we cannot predict the future just to be safe.
|
|
|
|
Parents are some times responsible for the lives their kids are living today, they force things that aren't necessary on them, in the end they change their ways, I will never force crypto on my kids, it's the same thing as hosting seminars about bitcoin to bunch of people that aren't really into the tech, there is a big difference between not having interest and having interest.
Some kids are born into this world for some reasons, you need to watch them closely and notice what they are good at, every kids have their talent but many parents killed those talents because they want them to be something else.
It doesn't mean you forced it on your kids, because if they are constantly browsing the internet, they will come across bitcoin and become intrigued by its value, which means that curiosity in your child will start to drive them to learn bitcoin, and here you are teaching them. But again, there are other kids whose mindset is not about finances; they want to become famous or do another useless thing. If they do not want to learn this, we should not force them because it is still useless; let them find it. True, it doesn't mean that we have to force our children to understand Bitcoin or other crypto, of course, forcing is not a good thing. I think that "uselessness" depends on each other's point of view in assessing it, which is certain that maybe one day after adulthood your child will need the investment sector to increase his income and maintain his wealth, even though later his child will become a famous person or whatever his status as an adult is for sure. looking for ways to increase his income outside of his profession. So maybe here your role provides an option for you child in the future for hedging or income diversification. But to be honest, we also cannot force what is our advice to people who already have children here. Parents are some times responsible for the lives their kids are living today, they force things that aren't necessary on them, in the end they change their ways, I will never force crypto on my kids, it's the same thing as hosting seminars about bitcoin to bunch of people that aren't really into the tech, there is a big difference between not having interest and having interest.
Some kids are born into this world for some reasons, you need to watch them closely and notice what they are good at, every kids have their talent but many parents killed those talents because they want them to be something else.
It doesn't mean you forced it on your kids, because if they are constantly browsing the internet, they will come across bitcoin and become intrigued by its value, which means that curiosity in your child will start to drive them to learn bitcoin, and here you are teaching them. But again, there are other kids whose mindset is not about finances; they want to become famous or do another useless thing. If they do not want to learn this, we should not force them because it is still useless; let them find it. True, it doesn't mean that we have to force our children to understand Bitcoin or other crypto, of course, forcing is not a good thing. I think that "uselessness" depends on each other's point of view in assessing it, which is certain that maybe one day after adulthood your child will need the investment sector to increase his income and maintain his wealth, even though later his child will become a famous person or whatever his status as an adult is for sure. looking for ways to increase his income outside of his profession. So maybe here your role provides an option for you child in the future for hedging or income diversification. But to be honest, we also cannot force what is our advice to people who already have children here. We have our own parenting style, just as some parents force their children to do what they want and others, like us arent forcing things. When they mature, they will undoubtedly be interested in finance, as I believe most of us are, because when we are children, all we want to do is play and eat food; we don't need much money if we do, just enough to buy those junk foods. I am confident that as our children when they grow older and more mature, they will begin to ask, "How can I earn money online, dad or mom?" |
|
|
|
Those who play gambling on the street must be prepared to leave their place of gambling if something happens that they don't want one day because it is a public area where everyone might pass by. But if there are people who are paid to look after the gambling place, the safety of the people who play gambling can be safe, but they don't know if they will go home. But it's better to play gambling in a place that is safe for us so we won't be disturbed by anything.
the risk of gambling on the street is greater than gambling online. because if one day someone is lucky at street gambling winning in a row and his opponent is annoyed and runs out of money, of course there will be emotions and reckless actions, that will definitely happen. that's right, apart from hiring security to secure the location, but even when he was on his way home, he was also at risk of being kidnapped on the street and taking the winnings from the gambling and maybe he also had to hire security until he got home, but even at home he was also at risk because someone was definitely targeting him. been monitoring him. so the conclusion is very complicated. Betting on the streets is more effective than betting in special places or online casinos. You make some important points concerning the dangers of gambling on the streets. Violence and even abduction are certainly a possibility. It is true that compared to street gambling, internet gaming provides a higher degree of privacy and safety. Online gambling does, however, still have certain dangers, such as the possibility of fraud and hackers. People should do thorough study before selecting an online casino. It's also crucial to keep in mind that gambling, whether it be offline or online, should always be done sensibly and within one's means. Setting boundaries and being aware of the hazards and risks that may be involved with gambling are essential. everything is full of risks, life is a risk. although both direct gambling and online gambling have the same risks, online gambling has less risk. If only hacking vulnerabilities were easy enough to avoid downloading unknown things or stop browsing unknown sites, it's much easier than live gambling that can't be avoided when a crime will occur. But you can lessen this if you are aware of your browsing and also have a caution on using the software. The risk in online gambling than in physical one is very less as it is not life-threatening than the actual one. Though online you need to be cautious as you get hacked and you can prevent this if you know how hackers attack you also online you are very comfortable playing at your home and have no need to go out outside. |
|
|
|
|
Most of the gambling games are for all genders. I haven't seen any gambling games geared toward women, and if men do participate, it's not appropriate. It is not like sports, where there are sports that are really for women. But the only thing that comes to mind when it comes to sports betting is that there are games like women's basketball where most women gamblers probably bet more than men because it is about women. However, some men are betting on it, but that is the only one that comes to mind.
|
|
|
|
|
It's better late than never, but at the same time, invest what you can afford to lose, as there are still risks involved. It doesn't mean that you'll invest in bitcoin, and now you are expecting big profits since most newbies, when they read that kind of message or post, will jump to the conclusion that they will gain easy profit, but it turns out the way is very hard, there are a lot of ups and downs, and we just thought that it was always green.
|
|
|
|
|
You should ask yourself first if your passive income is stable enough. As if it will take you four years and it will not go down? I was in your shoes 5 years ago, and I want to resign from my job because it's toxic, but I'm also making a lot of money from my side hustle, so if I resigned at that time, I'd be struggling because I lost my side hustle. You are done comparing your earnings, so now you need to compare them to see if they are stable, because if you resign and your passive income could possibly go down in a year, then resigning is not a good choice. Though I understand that you are tired of your current job, but it is also an extra source of income .
|
|
|
|
as we know, many people suggest investing in bitcoin because the risk is not too high.
but if we look at the market there are lots of people buying altcoins, and to be honest I also like to buy altcoins but there aren't many of them, and it's still my biggest investment in bitcoin. and to be honest even though investing in altcoins is risky but I always want to buy and the reason is because of the high pumping..
and I want to ask everyone what is your for buying altcoins, is the reason the same as mine?
As the saying goes, high risk, high reward. The more risk you take, the more profit you can make. Investing in Bitcoin is considered by many to be low risk. But there are many risks. I myself have found that investing in Altcoins is very profitable. But when you invest you must invest in the best coins. Don't invest in crap coins. Shitcoin once dumped is never recovered. Always remember to invest in BNB, Ethereum, Matic, all these coins. All these coins are less risky than investing in Bitcoin. Yes, if investing in altcoins, the right choices are like Ethereum, BNB, matic, and you can also like Cardano and XRP. and the coin is indeed an altcoin that is worth investing in. however most people usually make them want to buy low quality altcoins out of greed, out of a desire to get rich quick, and tempted by, high pumps. but when we lose, we regret buying low quality altcoins. What's great about altcoin is that it has a very high return if it goes on a bullrun because the price is low compared to bitcoin, and that bullrun can happen overnight. Though the risk is higher because it can lose value in just one night, there are instances when an altcoin will die, which is why we need to monitor it from time to time. Though those top altcoins are good, most of those altcoin investors and traders are mostly using those as the pairs they are using. |
|
|
|
Recently I have had numerous reunions with Uncles from my extended family. Some of them are successful businessmen for decades. They built their business from nothing and are living quite a comfortable life now. We had long conversations about life in general, including their key to success. I knew very well that they have been hard workers ever since I had a memory so I would contribute their success to endless efforts. However, one thing they had mentioned in common was luck. They believe pure luck made them meet and grasp those opportunities and become successful rather than their smartness and efforts. I've thought about this before and couldn't agree with this more. They've set very good examples to me, including my father, and now I tend to focus more on work itself consistently and let luck or fate takes the rest.
I respect your opinion or view on your uncles but I am sure that it is not pure luck that brought them to success, its the opposite it's their effort and decision making and that luck is just bonuses on it like example they've got a big client that they can gain profit but you will say that it was pure luck but the truth is that you've worked hard so much before and those clients before recommended you, still it has luck on it but it was a pure effort. Though I don't see anything wrong with you as you still mentioned that you'll make effort and try to make luck work for you, just continue your effort and hard work no matter what you think about luck but just continue it. |
|
|
|
Parents are some times responsible for the lives their kids are living today, they force things that aren't necessary on them, in the end they change their ways, I will never force crypto on my kids, it's the same thing as hosting seminars about bitcoin to bunch of people that aren't really into the tech, there is a big difference between not having interest and having interest.
Some kids are born into this world for some reasons, you need to watch them closely and notice what they are good at, every kids have their talent but many parents killed those talents because they want them to be something else.
It doesn't mean you forced it on your kids, because if they are constantly browsing the internet, they will come across bitcoin and become intrigued by its value, which means that curiosity in your child will start to drive them to learn bitcoin, and here you are teaching them. But again, there are other kids whose mindset is not about finances; they want to become famous or do another useless thing. If they do not want to learn this, we should not force them because it is still useless; let them find it. |
|
|
|
|
Helping financially in general, because some of those who profit from bitcoin is starting a business that creates jobs and improves the economy, and some students who profit from Bitcoin used it to their tuition and to graduate and find work, which can also help the economy. There are many ways in which bitcoin can help people, but the majority of the time it is just for personal growth, and it has a simple cause and effect like it gives us extra money with which we can buy food or other necessities, and those who sell it is we can can help help them to buy their needs also.
|
|
|
|
I don't like keeping money in the bank because it makes no sense at all, you will only earn a very small amount of interest per year and that's a very big turn off, I will rather invest 90% of the money into stock and crypto, most important Bitcoin, 100,000$ available for long term investment is a life-changing opportunity, with this certain amount of money you can easily become a multimillionaire if you invest in the right projects.
just like me, I don't really like saving money in the bank because there is no increase in my money, I prefer to convert it into a form of investment such as bitcoin or gold, instead of just leaving it in the bank, the bank will definitely use the money. Do you know the risk? Both of you are just thinking about profit; you should always consider the risk since it is your money. Bitcoin is better than banks as you can earn a huge profit (if you hold it for a long period of time), but you should know the risk that you can lose it all. Others are using it as a retirement investment but panicked when the price dropped and sold off. But if you are a risk taker, then you have a higher chance that you'll gain a huge profit, but keep in mind that there is also a chance that you will lose your money. |
|
|
|
I see a lot of people are using ChatGPT for various reasons and with that there are now so many videos how it can help it with writing trading scripts etc. Has someone tried it until now?
- I tried using that, all the questions you can put or type in that chatgpt, that's why it can only give you an answer that updates are only until 2021. When it exceeds this age, the answer will no longer be appropriate, and often the answer it will give will not be constructive or it will be off-topic or far from what is being discussed. This is what I observed on this platform, but below 2021 that question will be answered properly and precisely. I haven't tried making a trading bot, but I always write a script for my daily tasks so that they can be automated, and I'd say you still need knowledge on it. What I mean is that you can make a bot out of ChatGPT without any knowledge, but it is not optimized and you will need to edit it to what you want. ChatGPT for me is an assistant; for example, if I need to find a part of code, it takes only seconds in ChatGPT rather than searching for it in Google and still reading some articles. Overall, you still need knowledge about it, and ChatGPT is just assisting you with other information. |
|
|
|
I think the reason why oppen made keep making loses is because of he learnt trading by himself. There is nothing wrong with learning how to trade online using YouTube and PDF files. This way is a little difficult because we only read what we he we need to know and this kind of learning is always in the right proportion.
I learnt how to trade from a trading school and I was able to follow everything according to the teaching. I was able to knownmany things even some things that we may not find online. Learning the art of trading takes step by step.
Learning everything on your own will sealed the trading ambition and grabbing every single chances of making profits. I never attended any school for my trading classes, got a smart phone, laptop and access to one of the online tutors where I do copy trading and using demo accounts for start-ups. Step by step process will build one into becoming top trader in the market who's capable of handling situations at hand. There are many ways to capture trading positions in the market with backup PDF and learning online from tutors who have big strong communities in trading. We are all tutored, whether in school or online. You've been tutored by that writer whether you read a tutorial on a website or not, though having a friend or someone who will teach and guide you is different. There are a lot of learning materials online, but how you start is the hardest. That is why it is best to either watch a video or have a friend that will guide you on where to start, and if you have a question, you can ask it directly. Having someone guide you in trading is far more interactive than learning trading alone and asking questions on forums. |
|
|
|
There are many theories to make us successful and rich, of course all of these are good things, but not necessarily in accordance with someone, sometimes rich people do the opposite of the techniques above, and this is life because rich or poor is always a mystery and what we have to do is do everything to be successful and rich.
I don't think the concept is like that, success is how a person has a certain goal in his life and then achieves it with all his efforts then he can be said to be successful, while being rich is materially oriented or has a lot of money and living in luxury, of course this is different, I agree if everything we do is to achieve the success of our goals, but I don't agree if everything we do is to get rich because it will have a negative connotation maybe if so your thinking is to be rich, maybe you will do the same thing as SBF being a fraud. On the time that you do reach out that particular state on being rich then you could really recognized yourself that you had succeed out on applying your knowledge and those plans you do have in mind. Its always better and recommendable that you should really set up some goals and targets that you should need to reach up because if you wont really be able to set those things then you are really that like on someone who doesnt really have the path on what you should gonna do, unlike when you do have those perceptive on things or conditions that you are really wanting to achieve then you would really be having that inspiration. everyone has their own views according to their feelings. success is not just material, it is different from being rich, which is calculated from the amount of material one has. so success can be measured by the level of satisfaction of each person, even though the material is not as much as someone who is rich but he can feel enough and be grateful for what he has achieved. there are also people who we view as poor but they feel sufficient, because they do not have the desires of people in general Rich was always measured by money or assets, but some people will also say they are rich with love from their family. We know some of the rich don't have time for their family and loved ones as they work for the money, but with those who say they are rich as long as they have food, they are good, and it is not always about money that brings happiness. Not all of us want to be rich; we just want to live simply and have food on the table. Some of us want to be rich; others want to be rich but are lazy, which means they can't achieve it without doing anything. |
|
|
|
To be honest, I did not understand what the essence of your question is. Gamblers lose because of the advantage (margin) of the casino. If a person suffers from gambling addiction, then no matter how much money he wins, there is a great chance that he will spend it on what he loves - gambling, that is, will lose it.
So... everyone knows this and you want to clarify once again if this is true?
True being addicted to gambling will render a person helpless and continue to gamble. So it is already given that once a player got addicted he will lose all his money due to the uncontrolled urge to gamble. But I think @OP is not talking about being addicted. I think he is saying that house edge will eat up our money in the long run of playing in the platform. Just like in a return percentage of 96% in every $100 bet. Eventually our bankroll will get depleted because there is a constant outflow of 4% from our bankroll in every $100 worth of wagering. that's why gambling business is a very lucrative one if the owners know how to handle this kind of business. that's the given fact already. but of course, gamblers will always hope that one day they will hit the jackpot. if you want to gamble, make sure that you are emotionally and financially ready to lose all. after all, it is gambling. We all know that casinos have very high chances of winning in the long term. The house edge tells us how much the casino will win on average. And the longer you play, the closer you will be to losing with a house edge. and it is no surprise that the casinos have an inherent advantage in their games, the casinos don't beat the players because they are lucky, and they beat the players because the odds are in their favor. In gambling we must be mentally prepared when we lose and the point is we must be equipped with self-control so that there are limits when betting. But hitting the jackpot only happens rarely, right? So it means that if someone hits the jackpot, the owner still has no problem with this as he already gains a ton of profit over time, and for sure that jackpot should be in their hands and waiting for someone to win it. Gambling is a profitable business, so I am not shocked that a lot of investors from other countries before COVID came here to our country to build casinos, as a lot of people play and hope to win. But again, we already know that in the casino they mostly win, so let's just play what we can afford to lose. |
|
|
|
|
Show Posts
