Reckless gambler risk more, and it does not matter if he is rich, poor. Gambling is very flexible. Everyone is able to place a bet with ridiculous odd. Ok, the rich gambler can make more bets, but I think that he and poor gambler will stick to more or less same odd range. People arent stupid. Both rich and poor not going to risk more or less for nothing.
That's the thing, I believe that people that are rich, somehow know how to generate money, and gambling is not one of them. If anything, the people running the gambling business are the ones generating money, that's for sure. Otherwise you would be seeing casinos being closed down left and right, but you see the opposite, which means gamblers are losing money left and right. |
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~snip~
Well, as small amounts bettor I can't accept that advice. You see, if I played a slot game betting $0.10 at once and won 150x of my bet, that would be a great win regarding the multiplier, but it would be just $15 in US Dollars, and withdrawing that amount and losing like $5 on a withdrawal fee would be insane, Do you know what I mean? Yes, I know that I can "bet more and longer"(which in my case would be just betting in other days) and lose it, but I accept that.
It doesn't matter if your bets are small or large really.... the odds are the same for everyone. Let's say you play a heads or tails game, 50/50, and the house pays 80c per dollar bet on that, it means that on average you will be losing money. The thing is that the casinos created amazing things that look incredible but are in reality just like what I just explained. They are not a great opportunity for the gambler. |
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~snip~
All team strategies are not the same so it is better to check the teams before betting so that the number of losses is much less. I have never taken betting very seriously and I have little experience here in the gambling area and bet without understanding would be risky. That's why sometimes caught for fun but never crazy about it.
That's right, different team strategies can lead to different outcomes for the individual, that's for sure. But the main thing still remains the same, that it is a gambling, random event, so people will inevitably lose money in the long term in the expected outcome. Sure, some few one in a million will make bank, but the vast majority will pay for it. |
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~snip~
Gambling is always a game of luck and it is foolish to think of making money from it. The more you play the more you lose while some gamblers may be ahead temporarily, the odds will prevail in the long run. Given this simple policy gamblers continue to bet and put themselves at a loss. Therefore learn to control yourself it is not possible for gamblers to win continuously. In such cases or in bankruptcy after accepting constant losses people get depressed.
Exactly. Basically the expected return of gambling is negative. That means that, the most probable outcome for your gambling is going to be losing money. Sure, there might be a small chance to win, but it's so small that it is not really reasonable to think about it. Yet, many people choose to go for it... |
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This high fee is probably due to the 4th halving that was completed. I haven't seen this type of transaction fee this hight. If you look at https://mempool.emzy.de/, the current transaction fee is over $50 but in the past few hours it was over $100... So if you are a gambler who doesn't gamble that much like your range is only $10 to $100, it's impossible you will choose to gamble today with that very high fees. This is only for gamblers who use bitcoin as the payment method, how is going today? Who among us here can still afford to gamble? I think there must be some casino sites that accept lightning payments. There are exchanges and services that accept it so casinos should probably be doing the same I think. Otherwise they would be not making money from people that are conscious of the fees. |
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The thing is that the human mind has evolved to continue behavior that has given good results in the past.
So, if someone wins money, they will try to do it again.
Unfortunately, the most probable outcome will be that they lose their money in the future.
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As first being rich or poor doesn't mean one should gamble responsibly, though is true that for to one to win big in gambling one will need to take some certain risks. But we should mind how we take those risk, like avoid going all in at once. Some one who's wealthy and financially stable, will definitely have alot of money to spare in gambling like some good amount of money he could risk without having any fear of losing that money .
While for someone that's not financially stable (like poor), having a spare money to gamble can be pretty hard because at first his first aim would be on how to fed himself and take care of some certain expenses. so if such individual go around taking all kind of risk with his hard earn funds in order to make some big wins , there's a chances that he may endup getting himself poorer (rekt)
So as a poor or rich , any categories at all , we should mind the way we take risk. Because there's some risk a rich man will take that would land him in a state of being broke or poor. So we should always have good principles towards our gambling so that it won't endup affecting of normal lives activities.
Yeah, well, in theory rich or poor can end up poorer anyway. They can both go "all in" and lose it all. There is no difference in that, but i think rich people do not need to risk money because they are already rich Poor people see it as a window to being rich. |
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~snip~]
Reality strikes that gambling is more on losses than wins. Although I have heard lots of stories who have been extra lucky and win big amounts, but after that, once they fall into the casino traps, those amount of winnings are slowly going back to the casino again. I guess this is how gambling casinos are designed, they will offer you beginner’s luck and let you win some amount until you end up gambling again and lose all what you have won, except for those wise enough who have smartly cashout their winnings and invest into potential investments.
In general, gambling is here to entertain us while putting our funds at risk. And if we are not cautious enough, we will end up poorer and poorer while seeing these casinos getting richer every time.
The thing is that you will always hear stories about the people winning in the casino. But, you will probably never hear about the people losing all their money, either the gambler just forgets about it, or they do not talk about it. |
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Everyone have a different view when it comes to gambling. +18 is the compulsory and acceptable age to gamble because it comes with a whole of stress and risks. Teens should always apply extra careful cautions because that's one of the important phase to understand. Although not all countries accepts and legalized gambling but most developed countries acknowledge the fact that Gambling becomes part-time tasks to get enrolled with for the purpose to generate profits for oneself.
Acceptable, that's true. But as a parent, I won't let my kid do that at that age especially if at that age he doesn't have a job yet to use for gambling. IMO, one person who gambles must know the importance of money and if he gambles it, he must also realize the losses and how it will hurt his budget once he takes the risk. For me, 21 years old will always be the right age because that gives time for a person to look for a job, save some money, and realize how difficult it is to earn it. The thing about gambling is, that losses are inevitable so an individual must be prepared for it and he must have an idea about how a budget works so that it won't affect him mentally even if he loses. Although, it's always better to stay away from it as much as possible. I think someone gambling already knows the importance of money, because they want to get more of it by gambling. Of course, the problem appears when they don't win as much as they expected. |
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If using their savings and money that belongs to them to gamble is already an irresponsible move, using the money that belongs to their family is an even more irresponsible action that shows that such a person has lost complete control over themselves and their gambling, and nothing more but an intervention by their family and therapy by professional has any chance to help those people, as it is clear that if they continue on that path, they will find it incredibly difficult to overcome their addiction on their own.
Someone who use his savings for playing gambling must be careful and have a very good self control. Otherwise, he will not have a chance to hold himself from stops playing gambling instead will continue his gambling activity until he wins the games. He will not responsible with his gambling activity because his desire will asks him to keeps playing gambling and spends more money. Yes, he will lose control over himself without he realizes because his minds also telling him that he can wins in the next few rounds. But that will not happens easily as gambling is just an activity to have fun and not for make money so he will not wins easily as he thinks. If he can't realizes about that, he will not stay too long in gambling instead will lose his money including his savings without have a chance to recovers his lose. I think this is great advice. At the end of the day it is different to everyone. Some people might be happy just to gamble a bit from time to time, but others will never stop until they are broke. It requires self control to actually not become broke. |
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~snip~
- What you said is right, mate. Addicted gamblers are those players who can no longer control themselves in gambling and betting large amounts of money, or they find it difficult to control themselves even though they know that they will be sent home victorious, but they are still not stopped.
Because of the hope of getting a bigger amount of what was won, what happens in the end is that the winning price is lost until the very capital of our gambling is consumed. This often happens because of greed.
I think that at the end of the day, gambling should be done only with an amount that a person is OK losing completely. It might be seen as a payment to have hope, like a subscription service let's say. But if that person cannot afford it, then I don't think it's reasonable to pay for it. Some people gamble with credit, that is really dangerous because you can end up in a mountain of debt. |
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~snip~
Sometimes I think that addiction is to be with the financial status of a gambler. If a gambler is rich and he does not care much about the money, he will usually play excessive gambling and sooner or later will become addicted to it. On the other hand, a person like me, will think twice about the risk involved in gambling and will try to gamble with limited money, so that the loss incurred is also low. That may be another reason why the poor gamblers remain poor because they do not take the risk (which is good to some extent) while rich gamblers may become richer if they win big or they become addicted to it (and also lose a lot of money).
I think that there are very few addicted gamblers that are rich. Mainly for two reasons: First is that most rich people understand that gambling has a negative estimated value, so they probably won't be gambling. Second is that if a rich person starts gambling their money, they will quickly stop being rich as they will most probably lose all their money very quickly. So, in the end, not many rich people are gambling in any given moment of time. |
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The simple answer is, nobody loves to lose anywhere, whatever if it is in gambling or somewhere else. That's why the feeling is natural. But here is some points too. Of you Stake higher than you can afford, then it will make you more disappointed as well as hurt you more if you lost and such feeling will drive you long to heal. Everybody dreaming to win the match, otherwise they won't stake right? So if You stake a small amount, not for winning but to enjoy the match, then it won't hurt to that serious after losing. And watching without bet won't effects you cause neither you are winning nor losing. And if course responsible gamblers don't bet with every match randomly but some selected matches only
Yeah, but why bet a small amount when you can bet a large amount?  The thing is that it's always risky to gamble, so as long as you can afford to lose what you are betting you should be alright... But the thing is that if you win, you would have preferred to have bet a larger amount, that's the thing. It will always be like that. |
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Anyway, it is true that each block where halving started is that the reward each block reward is halved like it happen on block 840000 although this time the fees become very high to many people. Well, it was explained that halving happen every 210000 blocks as others have said.
Someone/something's stealing the zeroes (highlighted in red by me in above citations)? Or your keyboard's key switch for the zero has little issues though highly unlikely with same effect for two individuals at the same time? Yes, I know, I'm little nitpicking but you guys might consider to correct for the stolen missing zeroes.   Good catch, it was a typo, and copy pasted the next lines pasted the error to those lines... But the linked block is correct, which is probably the most important one. |
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No one in the gambling industry has ever been successful at winning all streaks without including a loss. My own experience in gambling is that i have encountered numerous loss than my winnings. Sometimes i feel that if it is same way with other gamblers why do they continue gambling irrespective of the number of losses they have had. These thought lingered within my heart for some days if i should quit or since i do not know there reasons i should also continue because it might be for a good cause. My conclusion is that i am will continue gambling patiently untill i get that big win that will make me quit completely.
The thing is that many gamblers have in their mind that "this time it will be different" and they continue to gamble. Unfortunately they end up losing again most of the time of course, as that's what probability says. The mind is such an interesting thing, it defies any kind of logic. It's good to understand its limitations and decide accordingly what's the best course of action to get a nice life. |
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~snip~
as we are different that is how our mentalities and the thinkings are different also many people have different understanding in gambling and some people have their own way of understanding gambling so such is life and it is something that we think on our own, so whoever that says that the gambling is basically for entertainment or it is a place they want to lose their money I think about that person is telling fallacy because they objective or the aim of anyone who is in gambling is to make money through gambling by winning any stake he or her placed in gambling
Yeah, different people will enjoy gambling in different ways, but at the end of the day the main driver of gambling is the potential to win more money than the amount the gambler put in first. This is actually quite a difficult thing really, because the probabilities are actually against the gambler. The most probable outcome is that the gambler will end up paying to the casino. The thing is that some gamblers forget about the money they have spent already, and if they win big once, even though it doesn't cover the costs, they would be happy. |
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It begins the moment the last block of the previous reward era is mined. Block 0 marks Genesis: https://mempool.space/block/0This marked the beginning of the first reward era. Each halving event occurs after 210,000 blocks are mined. So, considering block 0, after block 209,999 is mined it means that 210,000 blocks have been mined already, so the reward is halved for the next block. This block marks the beginning of the next reward era, in a similar way that Genesis marks the beginning of Bitcoin. These are the blocks that mark halving events: - Block 210000 marks the first halving: https://mempool.space/block/210000- Block 420000 marks the second halving: https://mempool.space/block/420000- Block 630000 marks the third halving: https://mempool.space/block/630000- Block 840000 marks the fourth halving: https://mempool.space/block/840000All of them are "golden" in mempool to mark its significance Note: Edited this because I was missing a 0 in some block references... |
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~snip~ tdiggles is really obsessed to win the auction. He looks like an OG and value his privacy, so he might be a honest bidder. While the another person Tristan Lamonica who work on Parliament of Canada. There's a chance he know Christian Langalis personally because he live in neighbor country. There are only a few people bidding there. I personally can only recognize cryptograffiti. He is a Bitcoin activist artist, and I stumbled upon his work some time ago. He has many great pieces of art that you can see in his website: https://cryptograffiti.com but I think these are the most relevant for this thread:   Although my favorite is probably Running Bitcoin, "signed" by Hal (it is his credit card): https://cryptograffiti.com/products/running-bitcoin  Repurposed credit cards, acrylic and bitcoin node on used bank deposit box
28 cm x 54 cm (11 in x 21.5 in)
This piece was created to commemorate the 10th anniversary of Hal Finney's involvement in Bitcoin.
Repurposed credit cards sit atop a used bank deposit box. Inside, a customized node allows one to "run bitcoin." This WiFi-enabled node is adhered to only run when paired w/ the art. Embedded within the work is Hal’s signed credit card given to me by his wife Fran. |
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Bitcoin is just one of those things in life that involve a lot of sensitive information that needs to be kept from the constant presence of adversaries.
The whole concept of bitcoin itself is built on the foundation of cryptography. A and B talking, with C knowing fuck-all.
What would you say is the most safe tool to use if I want to communicate sensitive information to someone with my voice?
This thread can also serve as discussion for best practices when verbally communicating bitcoin.
~best
If the communication is somewhat asynchronous, you could get away with recording your voice, encrypting the file, and sending that. Of course it is not super practical for a one to one communication. In that case, the best is to go to somewhere private, or where there probably isn't any device spying on you, say for example take a hike to a national park, or in the middle of a forest. But the best of all is to not say you own Bitcoin. |
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There is a ton of excitement to try to be in the halvening block, so many people put their transactions with a lot of fees to try to be there. The ones that lost the chance will be queued for the next one, which might explain the large fees for that block. You can see the differences in sat/vB between these blocks:  In this case, the "golden" block was mined by ViaBTC, congrats to them!. |
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