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2581  Economy / Gambling discussion / Re: What is your reason to gamble? Fun or profit? on: October 10, 2016, 12:33:40 PM
I have brought them in some limits and rules whatever I play in gambling. My main reason still is the same but with different point of view which I got on experience. Now I have long term targets that makes me to go slow and place small bets most of the times now. Fun is secondary reason for me but I am not doing madness anymore like was before.
That's what you get when you are too experience, the ability to control our self in gambling can be learn and with that kind of attitude towards gambling we will surely enjoy gambling in the long run, although we cannot deny the fact that we still lose.

There are really people, whether experienced or not to gambling that is just very lucky enough and can easily win and at the same time have self control to stop when needed and not exposing themselves to house edge. They play and win easily and they stop betting just right on time with precision and discipline.
2582  Economy / Gambling discussion / Re: Do Girls also gamble? on: October 10, 2016, 12:30:46 PM
Many do and tend to get addicted just as easy as males do.
Ive see many high rolling women betting also.
But you can count them, men has big population of gamblers than women, but anyway the topis is just asking Do girls gamble? So with the statement of the many it has already proven that women do gamble.

Yup, they are just few and I sometimes think they won't use a girls name if they are gambling, they could also use a male's name... When it comes to addiction, I think it depends on how they bet, if they bet like a man, then there's a great chance that they will end up addicted,..

yeah i think the question has been answered already. it doesn't matter if men are more frequent gamblers or if men put in larger bets, the point is that girls DO gamble whichever way we put it. that's just the reality of it.

Correct. For me, gambling does not define gender. As long as you want to gamble, you are free to do so - especially in the advent of technology and bitcoin - where we can easily create an online casino account and deposit it with bitcoins in just few minutes. Well, I just don't know if I am right but there are really countries and cultures that never allowed girls to do gambling and I respect that fully.
Man gambling is a dangerous game and it can be for men and women as long as they have the capacity to gamble and maybe control themselves while in gambling, based on my observation there are a lot of men gamblers that are addicted with gambling while women just play for fun only.

Your observation is correct most especially that gambling nowadays is getting easier as time goes by. We have many online casinos out there that accepted bitcoin as deposit and cashout and there is no real identifications needed in order to obtain an account from them - so it is is easier to gamble these days right at the comfort of our homes - thus, this makes a risk to gambling addiction
2583  Economy / Gambling discussion / Re: Gambling addiction. on: October 10, 2016, 12:27:45 PM
Why is someone get addicted to gambling once he gamble ?

They become addicted to gambling when they are still earning money. Most of those people who gamble thinks that they will earn more by playing it again and again. People who became addicted to it are those who has a lot of money to gamble and they don't know that they were loosing than earning.

It is possible that one gets addicted to gambling is because he is lazy...He wants to do easy things to earn money and just doing repetitive task and hope that there is a good result in it... Come to think of it, if a gambler really wants to earn stretch his arms, for sure he will work for it even if it mean a hard work...  Smiley
Or we can say that gambling makes us lazy, because we then know something simple with which we can make money without doing any hard work. But if a deep analysis is done by a gambler he will realize that he is been cheated lol since the site has more chances to win against him ( the house edge ).

Yes about being lazy but I wanna qualify it - lazy when we just play randomly and want to earn big profit out of that random bet. not lazy if we do the homework in establishing our strategies and practising discipline in learning to stop when we are winning a desirable of amount already and playing it smart and don't let casino win over us.
2584  Economy / Gambling discussion / Re: How to stay away from gambling? suggestions ? on: October 10, 2016, 12:25:13 PM
I also feel very difficult to leave the gambling we already addiction. but still no way to leave the gambling. you can do a new hobby more interesting so that you will forget gambling

If you have nothing to do and just gamble all day long, then it will really be hard for you to leave that gambling addiction because your attention and focus are still at gambling - you have no diversions. It is really better to go outside and socialize with people and maybe do some volunteer work for charity and that way, you will get to meet new friends and enjoy life outdoor.
thats a good advise making your time worthy and placing your mind into something profitable and not just thinking about going back to play gamble again, its an addiction thats really hard to removed from our minds specially when something is really engaging us thinking that we really knows what we are doing trying to defeat the house.

as long as we have fixed and determined decision to stop gambling for good, then there is no reason for us to finally get rid of gambling to our lives. I can say this personally because I just stopped heavy gambling and just play sometimes with the amount that I personally know that could not affect my entire life if I will lose it.
2585  Economy / Gambling discussion / Re: the easiest way to make a profit from gambling? on: October 10, 2016, 12:21:55 PM
Gambling that may be good to make a profit in my experience is sports betting and poker. If you can predict and have a good skill to play Sure you can benefit with ease. I also often benefit from a game of blackjack. Maybe you could try it.

I rather pick sports betting than poker, betting in poker is very risky if you don't have any skills and experience at poker. Sports betting is good because there are many options to bet.

That is right. I am into sports betting as well but I only bet on our local teams in my place. The reason being is that, I can easily check the real odds by knowing the latest of my local teams. If certain key players are injured or there are other players that cannot play on  a certain game, then that would be a very big factor on whether or not you will win or lose.
2586  Economy / Gambling / Re: Investing in btc casinos on: October 10, 2016, 12:18:30 PM
Excuse me but Betking.io claims to charge 25% of users profits but actually its not. Its charging 50% and not 25%, cause on every wagered amount, 25% of the house edge(1%) is subtracted and then the remaining is distributed to the investors.  In general casinos expect 1% of the wagered amount in profit. Betking takes 25% of this 1% . So investors are expected to make a profit of 0.75% in long term. And when they actually make profit, 25% of this profit is taken as comission again so the actual long term profit is 0.5% -> So this means that investors expected profit is 0.5% of wagered amount. Meaning betking takes 50% and investors another 50% 




Am i right ?

Hi lurker from the chat earlier.

But this is no secret. It's in the investor help page.
It's been almost a year now that we take 50% of the profit in the long run.

There's nothing dodgy going on here and in fact a lot of the investors proposed the increase.



I have also invested to betking like almost 2 months ago. I have some profits now but I am not divesting it yet beacuse it is too low. Regarding the 505, does it mean that all of my profits will be deducted with 50%? I understand that you are the one maintaining the site hosting, security, and all of the technical stuff and I believe 50% is quite fair enough because my money is working for me. But lowering that to like 40% will be much better, I guess Cheesy

It's 50% in the long run. I've not actually taken 50% since big gamblers normally lose faster than they are expected too so I don't actually get much wagered commission from it. I would need to go and check the figures but I'd guess it's closer to 30% I have actually taken as commission.

Wow. I believe this is very reasonable as it is not easy to established own online casino and be credible to the gambling world. I would like to say that it is really a great honor for me to take part and invested to the site although I invested very minimal amount of bitcoins there. I might increase the investment real soon.

Thanks for the reply betking, truly appreciated it.
2587  Economy / Gambling discussion / Re: Do Girls also gamble? on: October 10, 2016, 12:14:51 PM
Many do and tend to get addicted just as easy as males do.
Ive see many high rolling women betting also.
But you can count them, men has big population of gamblers than women, but anyway the topis is just asking Do girls gamble? So with the statement of the many it has already proven that women do gamble.

Yup, they are just few and I sometimes think they won't use a girls name if they are gambling, they could also use a male's name... When it comes to addiction, I think it depends on how they bet, if they bet like a man, then there's a great chance that they will end up addicted,..

yeah i think the question has been answered already. it doesn't matter if men are more frequent gamblers or if men put in larger bets, the point is that girls DO gamble whichever way we put it. that's just the reality of it.

Correct. For me, gambling does not define gender. As long as you want to gamble, you are free to do so - especially in the advent of technology and bitcoin - where we can easily create an online casino account and deposit it with bitcoins in just few minutes. Well, I just don't know if I am right but there are really countries and cultures that never allowed girls to do gambling and I respect that fully.
2588  Economy / Gambling discussion / Re: How about this for a winning run ($7600 made this evening) on: October 10, 2016, 12:12:14 PM
He is one among the luckiest person of all time in the gambling. Anyhow congrats mate, hoping to be lucky like him over the years falling. The success of him is due to the way he played without much greediness.

Correct. He is a wise man and plays without much greed. Although I am not following his bets, I am just amazed how he wins. Of course there times that he loses, which is pretty normal in gambling - we win some, we lose some. The thing is, he has this good strategy and played it with a lot of luck and he shares his journey in a manner that is very interesting to the viewing public.
2589  Economy / Trading Discussion / Re: did you put all your money into bitcoin? on: October 10, 2016, 12:07:45 PM
Why would people putting all of their money into the bitcoin you can also put evrytime a little bit into it because when you put everything on it you go all in and you got a higher risk to lose everything so i dont do that.

You are right mate. There are really people that invested most of their money to bitcoin because they have full trust and confidence to the bright future of the coin. This is also true to me but I have budgeted my asset and allocate 30% of my money to bitcoin now. Of course, I am not putting all of my money to bitcoin because there are still bills needed to be paid by fiat money.
2590  Economy / Gambling discussion / Re: What is your reason to gamble? Fun or profit? on: October 10, 2016, 12:05:03 PM
I have brought them in some limits and rules whatever I play in gambling. My main reason still is the same but with different point of view which I got on experience. Now I have long term targets that makes me to go slow and place small bets most of the times now. Fun is secondary reason for me but I am not doing madness anymore like was before.

In life, it is so true that experiences are the best teachers. Hence, in gambling, when you play for a long time ago already, you will surely know that at the end of the day, it is always the casino that will win due to its house edge. Casino is a very profitable business because they are selling entertainment and if they are lucky enough (which is the case most of the time), gamblers tend to do rage betting which makes the casino very profitable.
2591  Economy / Gambling discussion / Re: What keeps you coming back??? on: October 10, 2016, 12:01:52 PM
I do not gamble to much but it always seems that when I do, I take the loss big time.  For example, I have lost over 3 BTC in the BustaBit game online.  It is fun and I like to play but I always get greedy with it.  I have won about 2.2 BTC back, but I lost more than what I have won.  For some odd reason, I keep coming back over and over.  I do not know why I do it, why do you?
i think it can't be our fun thinking that make it again a betting lover at gambling site to gamble . but it is only our greediness that make use very greedy to gamble some btc without hardwork .
Gambling is not good for the poor people because they tend to shift their interest in gambling. At first they will play it for fun and later when they lose already they will not allow to be defeated by a gambling house, what they do is they chase their loses until they accumulated a bigger loses.
Its not recommended to poor people and yeah they will try to chase back their loses that can result to desperate  in money problem..
Thats why many poor people are not riches because of this attitude they are treating gambling as their hope to be a millionaire or to be rich..

That's true. It's the nature of common men trying to compensate his loss in one or the other way. With such hope alternative winning and failure in events leads to addiction which makes users come back even at very worse scenarios of loss.

I agree that is our innate nature to recover and redeemed ourselves from any failures and misfortunes. But in the game of gambling, you are fighting against uneven battle - the casinos has their big advantage which is the house edge. Hence, it is not worth a fight chasing your loses in gambling.
2592  Economy / Gambling discussion / Re: If you were rich, would you still gamble? on: October 10, 2016, 11:59:36 AM
It is not important if you are rich or poor when you gamble near me more watchable thing is the purpose for what someone is gambling. If I say rich people do more gamble than poor will not be too much. Some people with money use their money to get profit while poor try to become rich. I was still gambling to make more money with already existed money.
Yes you are right, gambling is a disease that is difficult to overcome. no matter you are rich or poor if you had known gambling you will still do it, in every moment.
Gambling was never a disease, we have to understand that it is just a game we can play to have fun, although there is a money involve that we can see as a reward but we should not be trap by it and instead we should focus on the fun that we can get in gambling, rich people has more risk if they cannot manage gambling properly.
and that is there advantage they now or most of them knows the doff between having fun and being addicted thats why instead of busting their money they tend to just allow small amount and move away after its all done.

That is right. When the rich obtain the richness through wise decisions, I don't think so that the rich will let his/her money to be at risk of losing all in gambling. They know enough that gambling is very risky because of the house edge it has. Therefore, they only play money that they can afford to lose and winning for profit is not their gameplay -they gamble just for fun!

yes that is correct. if you know that the money that you'll be using comes from hard work, you'd think twice or even thrice about using it for gambling. although yes, gambling would be a lot more fun if you have money to burn, there are a lot of rich people that went broke or even went down in debts after they got addicted. so it doesn't really matter whether you are rich or poor, the effects of gambling addiction would pretty much be the same

You are truly right there mate. As a general rule, don't let anyone easily get your hard earned money. If you must, then let it be only a small portion of it. By the way, you can edit your reply here because it is inside the quote and your reply is not showing rightly because it has been enclosed with the quote. Thanks for agreeing to my post.
2593  Economy / Economics / Re: How good are you at managing your money on: October 10, 2016, 11:56:15 AM
While we are all here on this forum to earn one way or another, how well do you manage that money after you've earned it. Do you trade your Bitcoin as fast as you can spending it all in a day or do you save it? I recently got paid for a job I did in programming and i keep finding myself wanting to spend more of that money i made. I have a lot of credit card debt and that is not good. I have destroyed only two ofg my credit cards to which I owe thousands of dollars on.

how do you spend your money?
To be honest, i am an expert in managing my money. I never spend all of my money at the same time. In my piggy bank there is always a large amount of money as well as my bitcoin wallet. The best way not spend money is to keep it in some places where you can not use it.

wow! expert! thats cool! You can be rich with that attitude dude! In the future you can save a lot of money through it! Keep it up! While me im not good in managing my money! Just  buy and buy! I dont do savings! Just buy all the stuffs that i want.

At least you knew it. And once there is a real need for you to save, then you know the things that you need to develop and that is your tendency of buying and just buying what you really want. The moment that you need to save is when you already have a family of your own where you budget your money for the education of your own children, food for the table, bills, and the like.
2594  Economy / Gambling discussion / Re: Gambling should be considered as a Sickness!! on: October 10, 2016, 11:51:42 AM
GAMBLING REALLY IS A SICKNESS WHICH EITHER FALLS UNDER EMOTIONAL, SICKNESS, MENTAL SICKNESS OR FINANCIAL SICKNESS
thats what i think

Wow now dont put all caps here, you dont need to shout out your opinion, its against the rules to put all caps like this. I do agree with you but that is correct for addicted gamblers. Some people play for fun maybe once a month bet on their favourite team. That is like a source of entertainment for them even if they win or lose it does not matter.

gambling could either not a sickness in terms of emotions nor a sickness in terms of mental  nor a financial sickness . It is the gambler who get sick not gambling, lol gambling does not have emotional feeling nor finance or mental ability.
HAHAHAHA! I agree with this because we all know that gambling is not really a person that will also have a emotion feelings, that is just a game that can entertain people. We are the one's who get addicted in it, so gamblers are the real sick here and not "GAMBLING"

Gambling - legal gambling, are designed for entertainment and the one that abuses themselves gambling are the one that is sick and not the game itself. If you only play for fun and nothing more, then you will have acquired the true goal of gambling - to entertain you and let that stress go away.
2595  Economy / Gambling discussion / Re: When gambling makes you cry. on: October 10, 2016, 11:48:50 AM
gambling never made me cry, and the reason is that i always do gambling in a limit and never try to exceed that limit, when reach to that limit then i stop gambling for the day and never try to play gambling any more on that day.
Well you have a good self control in that way you cant be addicted because you know your limit. some players are having a hard time to control themselves thats why gambling made them cry. im not one of those because i also know my limitation.

If you let emotion be out during you gamble and follow your pre-planned bets, then you have great chances of winning than losing. The reason why people eventually lose all of their money is because they are trying to chase their losses and in the process, they will lose all because of chasing it. That is really too bad attitude when you gamble.
2596  Economy / Gambling discussion / Re: How to quit Gambling for good? on: October 10, 2016, 11:44:16 AM
its kinda hard to quit gambling, i quit esport match betting 2 months ago,  but right on today, i am betting again on matches.

So i would say, mindset, is important if wanted to quit for real Smiley

gambling once in awhile after you successfuly quit gambling for me, is ok. as long as you are not playing much than you ever need, then it is fine. You just play for entertainment and not heavily betting. Just small amount of money sometimes and not betting regularly. The beginning of addiction is building up habit of doing certain thing.
2597  Economy / Gambling discussion / Re: Quit Gambling. on: October 10, 2016, 11:41:18 AM
Hello guys I am addicted to gambling.How can I quit this?

It's hard dude. I suggest you go to gamblers anonymous to seek professional help. I've seen my friends do it and it works.
Before you seek help from the professional you should tell your friends and family first, in that way you will no longer spend anymore and for sure you family will help you as you are important to them. Just be honest to have a great result and you can quit in gambling.

Family will always be the last frontier in this lifetime. No matter how bad you are and many wrongdoings you have made, the very person that will first forgive you is your family. That is why when we have big problems that we are facing, like gambling addiction in this case, we should go and talk to it to our loved ones and they will gladly help you in the process.

I agree with you your family or your loved once will help you and also doctors! Cheesy hahaha. Though if they help you but in your self you are not helping your self you are also addicted to gambling then they cant help it, they are just a cheerer to you it can build yyour emotions on not doing it.

You have the point. The very first person that can help you is certainly your self - no one else. You loved ones and family will be there to help you more on moral and emotional support. They can help you financially if you need some medical and professional help. You are right, that even you have all of your family and professional help, if you ill not help yourself to get away with the addiction, then none will really progress on you.
2598  Economy / Gambling / Re: Investing in btc casinos on: October 10, 2016, 11:37:12 AM
Excuse me but Betking.io claims to charge 25% of users profits but actually its not. Its charging 50% and not 25%, cause on every wagered amount, 25% of the house edge(1%) is subtracted and then the remaining is distributed to the investors.  In general casinos expect 1% of the wagered amount in profit. Betking takes 25% of this 1% . So investors are expected to make a profit of 0.75% in long term. And when they actually make profit, 25% of this profit is taken as comission again so the actual long term profit is 0.5% -> So this means that investors expected profit is 0.5% of wagered amount. Meaning betking takes 50% and investors another 50% 




Am i right ?

Hi lurker from the chat earlier.

But this is no secret. It's in the investor help page.
It's been almost a year now that we take 50% of the profit in the long run.

There's nothing dodgy going on here and in fact a lot of the investors proposed the increase.



I have also invested to betking like almost 2 months ago. I have some profits now but I am not divesting it yet beacuse it is too low. Regarding the 505, does it mean that all of my profits will be deducted with 50%? I understand that you are the one maintaining the site hosting, security, and all of the technical stuff and I believe 50% is quite fair enough because my money is working for me. But lowering that to like 40% will be much better, I guess Cheesy
2599  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: October 10, 2016, 11:26:50 AM
hello everyone.
i want to know what do you think about gambling bitcoin.. Does Beneficial or more losses?
Share your story here guys!  Grin Grin Grin
usually lack of knowledge , lack of stretgy ,lack of trick and lack of better luck gambling is second namr of loss money .
because gambling is not only a luck game but also a stretgy to gamble also .
More on strategy, just do not count luck when you are in gambling because you might be dependent on that and we know it will not be with us everyday, we need to strategies on how to win as that is the only way we can win in the long run.

That is correct. Basically, what strategy is there for is to create more chances to get lucky - gambling is base on pure luck except poker and others that need skill in order to really win. If you don't have strategies to make you more lucky, then better stay away from gambling because you will surely be upset that you will lose more than you win.
2600  Economy / Gambling discussion / Re: the easiest way to make a profit from gambling? on: October 10, 2016, 11:23:38 AM
One of the easiest is to use the faucet. Although it is little but you can bet with it so that at the end of the day, you will not have to loss anything and you have your little bit of fun. As long as you never lose anything, i already feel that you already have profit from the experience.
You lose your time actually. Imo it wont be fun using faucet, imagine you are trying to make .1btc and you cant even make .01btc. You need a very long patience. If I were that I'll get mad. Im playing for a long time and cant even make million sats. Faucet is boring.

Correct. Faucet is not your property - it is there to get you the feel of how it is like betting on that certain casino. If you just rely on faucet with the hope of winning big profits, then better think twice because faucet is really a very small amount of capital to start with and you will surely not get to at least a million satoshis most of the time or majority of the time.
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