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Of course all those first deposit bonus is just another way for the casino to lure players into making the deposits. Those bonuses usually have very difficult to complete rules like wagering 10x times the total amount and so on. Even if users are able to complete the wagering requirements, some casinos won't let you withdraw the whole bonus. Sometimes like up to $100 or so. They use this strategy for getting people hooked into the casino. Once the players start winning the games with bonus funds, they usually wants to play more, so they keep on playing until they end up starting to lose everything.
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Yeah, if a big, I mean the largest exchange in the world goes down, of course it is going to affect the whole crypto market. It is going to be ugly since everyone will be pancking, but remember that, bitcoin is decentralized and "a single" entity can never take down the whole bitcoin market. What we will see is some short term after affect on the market, but eventually the market will recover and start to rise again. It has happened before and we have seen how the market eventually recovers and survives everything. |
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But isn't that a good thing? Awareness of gambling addiction is essential, particularly for newcomers and the forum is actually playing a good role here. We should see this positively. Different threads here are educating the people about the potential consequences and the "bad" side of gambling. Its not like all the threads are the same. Different stories from different people. By reading about others' experiences, they can learn to gamble responsibly and recognize signs of addiction. Others suggesting that one thread for all the discussion, I would say know. People will only end up spamming there and others wouldn't even bother reading other peoples stories/replies.
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Like crypto currencies, investing in stocks involves risk and volatility. One should know about all those risks before investing in stocks. No one can promise guaranteed profits when investing in stocks. Like crypto, it can go up and down. You shouldn't also invest using money by taking loans. What the broker told you that the market will bounce back could be true, but it's uncertain when that will happen. It might take years, but it eventually will. If the investments were in legitimate stocks, it might be wise to hold until the market recovers, rather than selling at a loss. However, everyone's situation and tolerance for risk are different. So based on your tolerance, you should make the decision if you want to buy or sell.
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While these strategies can help manage your betting habits and control your losses, they can't guarantee consistent wins. Remember, casinos and gambling games are fundamentally designed with odds against you. All casinos have house edge which in the long run helps the casino to win and make profit. The strategies that you listed here, will help you control your losses, and your betting habit, it won't let you win "more. The only way to "win" in gambling, is to leave it to luck and not gambling what you can't afford to lose.
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Why does bitcoin becomes a "dumping ground," as soon as the price starts to drop a little. Why do people keep on thinking it is "dying" this year? Yes, it's true that Bitcoin has had some rough time the last few days, but this is something very normal. You would know if you were in the market for a long term. Zoom out the charts and you will see that it has actually been a good year for bitcoin despite seeing lots of unfortunate events! Remember, Bitcoin is volatile and it will go up and down, and react to different events in different ways. It's not always a smooth ride upwards. And no, not even "Satoshi" can stop the price of bitcoin from growing.
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The crypto market indeed is a very volatile market, and it doesn't always respond in predictable ways to different events like the one you mentioned, FEDs interest rates. One event might send prices soaring one day, and the same thing happens, we might see something else. We might see it have no affect at all, or in worst case scenario, we might see the price dropping like it happened this time. As for manipulation, yes it is certainly possible that whales or centralized exchanges might shake the market a bit, but it is usually short-lived. They usually tend NOT to be very manipulative because it might backfire them, and eventually in the long run, the whole market together, gains more control over those whales.
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It totally depends on the person who is trading and how well he knows the market. Holding during a bull run can be a very good strategy if you don't get stressed very easily. I am saying stress because, as you see the price go up, it might stress you that the price may fall and you might lose the chance to make your profit. But if you have a profit goal, then yes, it is actually the best thing to do during a bull run. Only sell when you reach the goal. If you didn't wait for the next bull run. Trading altcoins during a bull run can be quite profitable too if you know what you're doing. However, it's risky. Prices can go up and down a lot, and if you're not careful, you could end up selling too early or buying at a peak, and later having to sell it at a loss.
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I see poverty as the inability to provide what you need. So when people assume that poverty is when you don't have money I don't agree. Now what if you have all you need and you don't require money to buy anything, are you poor? Some people live in communities where everyone lives agrarian life. They have all they need because everything they need to survive is available. Food is on the farm, water available and everybody is happy. Although it was hard during the Covid-19 lockdown many people lived without money. I have also seen many people leaving cities and moving to rural areas to live a natural life.
In summary when you have everything you need to survive and you don't need money, are you poor?
There is some truth to what you say, but still there are other facts that you need to consider. Poverty doesn't always come from lack of money. If there is lack of services, resources, good quality of life, no food, no education, no roof, then yes, even though you have money, you are still living under poverty even though you have money. But the way you wrote, it sounded that money isn't needed as long as we have "everything". Even in agriculture based societies, money still plays a role. Think about the infrastructure that supports the community - clean water systems, electricity to power homes, medical services, transportation, and so on. These things generally require funding to establish and maintain. So, someone must have the "money" to buy those, and provide to the community, no? Even if individuals aren't directly handling money, somewhere along the line, there's a monetary transaction. That might be at a government level, a non-profit, or another organization supporting the infrastructure. So yeah, without "money", you can't actually survive. |
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It has been some months that I have been in this forum, I have started making arrangements for transacting with Bitcoin in the aspect of buying and storing. I don't have much knowledge of wallet to the extent of knowing a preferable wallet to use for storing my Bitcoin, right now I know that Bitcoin is a valuable asset from my understanding but other people doesn't accept the fact that it is really an asset, so I want to know a good wallet to use for my Bitcoin because I notice that some wallet my friends recommend to me are all exchange kind of wallet and I was told that it's not proper to use an exchange wallet for storing or saving of Bitcoin for a long time. I wish to have more recommendation or articles to read concerning wallets and it's security values but during my research I was recommended to use electrum wallet but I was confused if electrum wallet is an exchange or a custodial wallet, therefore i need a good direction, clarification and update of suitable wallet from senior colleagues.
You're right here. Avoid using an exchange as a wallet for holding your coins for long term. Not even for short term. Just do your stuffs on the exchange and once you are done, leave with your coins. You don't have access to your keys, so you don't really own your coins when you use an exchange. When the exchange goes down, so does your coins with them. Like others suggested, Electrum is actually a very good choice for beginners. Only you have access to your private keys and no one else. So you are the owner of your coins. You can create backup of your keys and you can restore it anytime you wish. Or you could try hardware wallets. They are less vulnerable to hacks since your keys are stored offline. Whichever wallet you chose, make sure you keep them safe and make multiple backups. |
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Those are some useful tips for sports betting. They're all basics, you know, but sports betting is a lot more than just "basics". And also you can research, analyze, specialize in one sport, and compare odds all you want, but remember that you are never going to constantly keep on winning.
Like you understand your game and the teams and it will give you an edge and help you decide which team is going to win, but you can't predict injuries, bad days, penalties and so one. Events like this will most likely make you lose your bets. It's always going to be a gamble because there will be some factors that you can never predict.
So, yeah, your strategies are a good start, but don't rely on them guaranteeing a win.
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Investing in crypto currencies can be a bit of a lot risky. Like look at last few days. As soon as SEC said something about crypto currencies and started to build a case against the exchanges, the price feel like almost 30% in few second. So yeah, it's risky, but it could also give you good returns, especially if you're thinking long term. Like you said, maybe suggesting your dad to put half of his retirement money on bitcoin is a good idea, but it must be for very long term and he should only risk his retirement money if he can afford to lose it!
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I've seen several threads where people preach teaching bitcoin to kids and I've also seen threads where others talked about having some savings(investments) in bitcoin for their kids which is right.
Just as my topic reads, we should stop stressing kids with wanting them do things we didn't meet up doing and at some points getting them mentally stressed.
Please don't get me wrong because I'm typically not against teaching or maybe introducing bitcoin to your kids but I'm on the opinion that rather than bother them with this complicated digital asset (bitcoin) knowing fully well that no matter how much knowledge we have about it, if we don't have the money to buy, then we'll certainly miss out, and judging from this, I don't think it's wise teaching them or wanting to force it on them when we know that they can't afford it.
I will suggest that, rather than bore them with the history of bitcoin, why not get a portfolio for them and keep investing in it and watch it grow with them and when they're of age, then you can practically show them the needful.
I want to know if there are people who also share same opinion with me and please lets just discuss rather than argue
I don't think anyone is making their kids sweat and stress over bitcoin. It's all about educating them about something. More like showing that what future financial system might be. That's not a bad thing, is it? Keeping them prepared for everything. Teaching them how crypto currencies work and how to keep them safe from early days will actually help them make better decisions in the future. Its like teaching them how to save money and keep it safely on their piggy banks. But its a whole different story if someone is foricing their kids to buy and save in bitcoins. You shouldn't force them. The portfolio thing is not a bad idea. They can watch it grow, but the problem is, all they will learn is that crypto currencies are for investment only. |
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You are right. Gambling should never be seen as a steady source of money to pay your bills. It's just a form of entertainment with a lot of thrill, but not your regular day job that gives you at least some sort of sense of financial security. Always remember that the house always has an edge, and in the long run, the odds will always be stacked against you and you will end up losing. Always know your limits, and don't chase losses. Consider it as a form of paid entertainment. If you stop having fun and it starts stressing you, then stop, leave and never return.
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Let's be real for a second. Street casinos? That's would be the most fishiest casinos. Besides the obvious security concerns, how would regulatory compliance work? I mean, it's hard enough to regulate online casinos. Now, about the rigging part, it would be stupid to think no one would be tempted. Not the big ones, but yeah, the smaller ones, less known, they would likely screw people if they want. After all they don't anything to lose. A little nudge here and there could go unnoticed but could mean a lot of money if done on a large scale.
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That's very interesting. Good that the kids know how to draw the bitcoin logo, but do they know what it is or all they know is that it is something their "dad" has?
Bue yeah, it is good to see Bitcoin reaching such remote areas. But, if the area struggles with a stable internet connection, wouldn't that pose a problem for Bitcoin transactions? Bitcoin, like other cryptocurrencies, depends heavily on a good, stable internet connection to process transactions. And if the network is spotty, how effective would Bitcoin really be as a daily-use currency in such places? Just some random thoughts.
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It's really a shame, this is really one of those sad stories that really tell the dark side of sports betting and gambling in general, I could not help it, but had tears rolling down my cheek while reading this story.. Another future father, a future millionaire maybe, young 22 year old boy with a promising future lost to suicide after losing his school fees, and that of his friend to sport betting due to gambling addiction.. We are in the 21st century, until when before people realize that suicide does not put an end to problem, but rather create more for those living?? This is really a sad story though, ya all can read it on https://punchng.com/how-ogun-student-committed-suicide-after-losing-school-fees-to-sports-betting/?utm_source=telegram&utm_medium=socialI hope we all as gamblers learn a thing or two from this, and go back and look at our gambling life and see if there is a thing or two that needs to be adjusted.. I pray non of us, and any of our relative shall ever be a victim of such a sad story 😢😢. Sad to hear this. This kid very likely felt ashamed and trapped, like there was no way out. I can only imagine how he felt thinking about facing his family and the friend he borrowed the money from. Probably was thinking the worst case scenarios that lead him to do something like this. Everyone should be gambling very responsibly. Not everyone is financially stable and is able to recover from gambling loss. For some, the pressure and fear of disappointing the closed ones can feel unbearable. But still, you should remember that they are your loved ones and they will always eventually forgive you. Talking is the key here. |
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Martingale strategy, where you double-down to cover your losses... It might work in the short term, but remember, you are gambling, and there is no such strategy that would guarantee you profit. The idea that you can keep doubling your bet until you win, and eventually recover your losses sounds good, right? But remember, casinos have a house edge which always helps the casino to win in the long run. And also your wallet doesn't come with infinite funds. So when you keep on losing, you will keep on doubling your bet and eventually will get cleaned real quick.
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I found out in the blockchain world, many people are losing patience when they start to invest in a project. Their understanding about "long term" is no longer years but weeks.
Some project need time to build and shape. What do you think?
Investing in a project that might take years to shine means you aren't actually late to join the project. It might take time to grow, but once it does, the rewards can be immense. Some questions that you should ask yourself before investing - Do you believe in the project? Is it legit? Does it solve a real problem? If the answer is yes, holding could make sense. Or else, just sell it when you are in profit. The crypto market is notorious for volatility and unforeseen circumstances. So, even if it does sound good, it might not actually deliver what it promised due to various circumstances and in the end it might become another abandoned project. Do your own research and invest only what you can afford to lose. |
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Cryptocurrency is risky, and while we are aware of the basic requirements that must be in place in order to profit significantly, not all of us are aware of an appropriate season to trade. Most professional traders prefer the bear season, which, in my opinion, is the best period to conduct critical study on crypto projects, uncover ethical road maps, and invest in them for a possible solid future. The bull season is most likely harvest time; we reap what we sow in the market. Which season is better for trading, the bull or the bear?
To be honest, there is no such thing as "seasons". Trading cryptocurrencies is really a 24/7 thing. You need to keep an eye on the market as much as you can. Also bear season or bull season, each comes with its own different market conditions. In a bear market, you might find opportunities to buy low, and in a bull market, it's time to enjoy the ride up and sell high. It's less about the "season" and more about your strategy, risk tolerance, and understanding of the market dynamics. Research, keep learning, and you can potentially profit regardless of the market "season". |
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