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2701  Economy / Gambling discussion / Re: Will you find it offensive to be referred to as an addicted gambler? on: June 24, 2023, 06:44:03 PM

But telling someone to their face or worse, to someone else, that one is an addict, as if it were diagnosed fact, can be wrong and very harming to one's reputation.


I think a real addict doesn't have much to do with reputation anymore because if he does, he won't have to get to the level of addict, he would place some limit to himself because at that point he is still in control of himself and emotion which makes him to be cautious of his actions. Someone is an addict because he has lost self control to limit himself on his gambling playing habit. Therefore, having reputation is not visible for an addict, that is why giving them help is mostly by initially out of their will , that means the third party has to act for them by taking the decision to help him out of it.
2702  Bitcoin / Legal / Re: New world order or CBDC against cryptocurrencies on: June 24, 2023, 05:41:10 PM

We do not know whose interests Godwin Emefile represented, but he had great political ambitions to become the president of the country.
Now in Nigeria there is a serious political conflict between the new president of the country and the leadership of the central bank, which possibly defends the interests of other financial elites.
__
I await comments from Nigerians.

Godwin Emefiele is currently in the custody the Department of State Service on interrogations. Yesterday the president finally opened up on the reason for his suspension and arrest while attending  the summit for A New Global Financing Pact in French The government is interrogating him on Multiple exchange rate which made those outside Nigeria to find it difficult sending money down to Nigeria and that the financial system of the country was rotten under him making few have advantage over the majority.

I agree that there was a ridiculous exchange rate that is far lower than what the majority of Nigerians could access. That ridiculous rate was called the official rate that only those directly at the top level of government and influential can access it and was pegged for around  #450- $1 and I'm sure very few business people and limited politicians accessed that rate while the rest access the other window called black market @ #750 - $1. There was this huge margin on that multiple window plus the naira redesigned that caused so much confusion and death in the land but my submission is that he was not all alone, why pick only him
2703  Economy / Gambling discussion / Re: Will you cheat in gambling? on: June 24, 2023, 04:12:44 PM

First of all, gambling itself is a cheating to bypass nature and that's why every religion frowns against it. How can you place $100 to win $1000 for example and you don't consider it as form of cheating? The truth is that gambling is a situation where one person attempt to cheat the other. It however favors the operators more than the gamblers.

To answer your question now, I don't think a gambler will see that opportunity and let it slide without making attempt to take the advantage. Moral standards and gambling are not suppose to be in the same sentence. But have you ever seen or heard of such tricks before? I'm curious  Grin

This your allusion I think is the reason that some people don't gamble because they are drawing from what happened in the bible when it was narrated that Jesus Christ chased out gamblers from the temple or church and that is the example that it is immoral to gamble as some attributes from those in the bible is also associated with present gamblers. But at this present question, I have seen some gamblers responding that they won't cheat casino and I think it is difficult to cheat on online casino except those gambling offline.
2704  Economy / Gambling discussion / Re: Between futures trading and gambling on: June 24, 2023, 03:33:47 PM
but futures can make you instantly rich if you will increase it in 75x cross but in another way you can also be poor instantly when things go dip.

Wow really... Like you said if that decision goes wrong, you are good as starting all over which does not make business sense to take all your coins into trade at a time for a probable profit. 75x is very high risk and not to be encouraged. Likewise also in gambling, to cut the risk is to bet as you can be fine when you lose the money.
2705  Economy / Gambling discussion / Re: Between futures trading and gambling on: June 24, 2023, 02:52:18 PM

The argument that features like stop-loss make trading safer is only partially valid. Indeed, stop-loss can help limit losses, but only if correctly used. It still doesn't make trading any less risk-prone.

I don't think there is any means of not correctly using stop loss only if you know how to set it to safeguard some of your money back to you. At least that is what the name means.

It also doesn't ensure that one won't get sucked into the vortex of continuous trading in the hope of recovering losses. The assertion that trading doesn't involve emotional burden seems rather skewed.


Avoiding being skewed is not the purpose of stop loss but to manage resource or the capital. When you make wrong decision the stop loss can stop it at some point.


In fact, emotional decision-making and psychological biases are often at play in trading decisions as well.


Trading just like gambling will involve emotional fear and decision at least for the reason that they both involve the possibility of losing your money if it doesn't go your way. This is sure because money is the primary focus here in both and a trader or gambler fight to secure the money and to increase it
2706  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: June 24, 2023, 01:57:49 PM

they are very well-known personalities all over the world, I wouldn't be surprised if there are a lot of people who would want to see this fight happen. it's probably a once-in-a-lifetime chance to see two of the richest men in the world fight it out in the octagon.

It is definitely not there thing. What happens if few feeble punches takes one to the ground and he perhaps passes out, I guess we will see another record on genis book of records. Those rich guys likes to be alive to enjoy what they have built. Elon musk mum already given heads to what it is all about. It is not going to happen, that I don't see coming.
and so are a lot of the YouTubers who participated in a boxing match. you seem to be underestimating these two people a lot, Mark Zuckerberg recently joined a jiu-jitsu tournament and won a gold and silver medal, Elon Musk claims that he had trained in martial arts when he was a kid and briefly trained in Jiu-Jitsu as an adult(I saw a video clip of him on a joe rogan podcast). besides, pretty sure if this fight ever goes through(which is most likely not because of the twit of Elon Musk's mom) they'd train themselves to prepare for this fight. I am not going to claim that their fight will be good or spectacular, but it would still be entertaining to watch these two fight.

I don't know if they gonna let this fight to happen since they are both busy and this is just a waste of their time.  But if both of them bored and will make this fight to happen for sure this one create history even though this is not a serious fight. If there's betting gonna happen I will choose the youth since Zuckerberg has a lot of advantage on this fight since also he have good trainings compare to Musk which we don't know if he really can fight Zuckerberg in physical fight.

Well for all I know whether YouTubers or something of sort, talking specifically on these two personality, they are just craving for attention to further get their social media platforms buzzing. You know how many tweet this gimmick have generated ever since this started occupying the airwaves? Mark is also getting his Facebook on the edge with that. It is good for marketing that they bring some vibes once in a while for the community to trend on.
2707  Economy / Economics / Re: The cost of living is trying to kill the living on: June 23, 2023, 10:45:21 PM

But in a situation like now we can't just expect action from the government. we have to have our own solution. start from frugal living. cut unnecessary costs. etc.



I think this is the right mindset. There is a general hard time across the globe and only just few countries can barely take care of their citizens. So individuals should find away to live by what is available. It is unfortunate that it is happening that way but to keep lamenting won't solve any problems for us but to look inward within ourselves and find what we can do to survive. With the things going on, it is looking like survival of the fittess and only the fit can survive. Taking away unnecessary expenses is away to reduce some of our financial cost, yes
2708  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: June 23, 2023, 09:24:22 PM

they are very well-known personalities all over the world, I wouldn't be surprised if there are a lot of people who would want to see this fight happen. it's probably a once-in-a-lifetime chance to see two of the richest men in the world fight it out in the octagon.

It is definitely not there thing. What happens if few feeble punches takes one to the ground and he perhaps passes out, I guess we will see another record on genis book of records. Those rich guys likes to be alive to enjoy what they have built. Elon musk mum already given heads to what it is all about. It is not going to happen, that I don't see coming.
2709  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: June 23, 2023, 07:58:01 PM
Yes its already confirmed we are all just speculating here there's already a confirmation that the fight will not push through based on Elon Musk's mother's Tweet and we all know mother knows best, we all want the match to happen but Elon's mother is worried on Elon's health and age he is not a fighter in the ring he is a corporate fighter
I think it's better to lock this thread and only open it if they decide to continue and they have already signed a contract.
that's too bad, though I know it would be a long shot for this fight to go through, but I was still hoping for it to happen. it would have been fun to watch and would bring a lot of entertainment if two of the richest men in the world is going to fight in the octagon. sportsbooks would probably have a field day from people wanting to bet on this match if it ever were to happen.

I wonder who was actually hoping and expecting such to happen? I mean two wealthy billionaires coming out in a fight in a ring to be watched, that should be ridiculous even though it would put some money in their pockets and for the promoters but of what essence? We know what strings Elon musk is capable of pulling and that is just what it is. He would rather relax in his hotel in space while the earth would be waiting for him  Grin
2710  Bitcoin / Legal / Re: New world order or CBDC against cryptocurrencies on: June 23, 2023, 06:37:53 PM

But from a political point of view, this is a great achievement. Other countries do not arrest former central bankers.


Selfish gain supercide the interest of the people. When a new government feels there are enemies he has to go after. Arresting the central bank governor is chasing shadow because the governor wouldn't have acted only on his own volition. Revelations will unfold on who did what and all that thereby disattracting governance.
2711  Economy / Gambling discussion / Re: Lotteries and possibility vs. probability on: June 23, 2023, 06:00:25 PM

On the other hand, national lotteries are known to be "taxes on ignorance of mathematics", but if these revenues financed public expenses that revert to the common good: would you agree to pay systematically 1 USD more in your annual taxes as something that ensures the right to dream of a dear life of every taxpayer?


Government is not always accountable to some expenses that taxes payers accrue to it. Of what purpose is an additional IGR for most government where instead of public expenditure for capital projects, some end up on recurrent expenditure, payment of salaries and personal pockets while facilities that majority will benefit are left in abeyance.

National lotteries in the past I heard benefited some but I don't know of the time will live now, is more like wishful thinking, dreams of possibilities and winning potential in your slip but never in your account.
2712  Economy / Gambling discussion / Re: The fight between Mark Zuckerberg and Elon Musk. Who you betting on? on: June 23, 2023, 05:00:53 PM

https://www.dailymail.co.uk/news/article-12223003/Who-win-fight-Elon-Musk-Mark-Zuckerberg-billionaires-agreed-fight.html

My question is if this is just one of many marketing gimmick to make money or create awareness for a project they might be working on.

Who would win of course?


I will believe Mark Zuckerberg to win this. If you look at the statistics out there by dailymail.co.uk from the link, you see Zuckerberg is younger than musk, Zuckerberg is 39 and musk is 51 and I'm sure that age is a considerable factor in boxing. Of course that age reflected in the fitness of both and skill where Mark Zuckerberg is rated higher. Except he would take over the record of oldest boxers to have won world heavyweight championship like George Foreman or Bernard Hopkins  Grin


Can such a fight influence the crypto and stock market world majorly?

Surely it would. Imagine what would happen to dogecoin if Elon musk makes a suggestion that doge would be used to pay for ticket to the fight or Zuckerberg suggest libra to also be used and the promoters announces dogecoin and Libra to be the official coins for ticket payment. Those two coins will definitely be on fire



I also know bettings would be made for this, incase it goes down as reported. Who are you betting on?


Surely, I will go for virility, wealth doesn't count on the ring lol. I have seen many boxer going down on the ring despite their wealth.

But I'm sure they are just promoting themselves. For social influencers, it is business as usual.
2713  Local / Nigeria (Naija) / Re: Invest small money and get big money avoid them. on: June 23, 2023, 03:45:33 PM

No matter where the scam is coming from and the tactics the scammers are using, they are easy to know and avoid, but some people are ignorant and greedy about scam.


Na the whole truth be that my brother. The tricks wey these scammers dey use self don dey outdated. E just be like say you no buy or pay for any product and you come dey expect product lol, that one self mean say the person himself na scammer. Sometimes you go receive text messages from unknown number telling you to call back and claim price or something wey you win, you suppose know say that na whining but some people go still say make them try call whether na true dem dey talk. The simple truth be say if you no buy something make we no dey expect product.
2714  Economy / Gambling discussion / Re: Success or Fail? - Talking about Gambling as a major income on: June 23, 2023, 02:22:46 PM
there must be a first move of making moves for another source of income provided if the gambler want to live up to expectations, he must have a target plan and time frame to discover more potential opportunities through gambling or from other sources to help earn a living in addition.

This is very important for every gambler because no area of job gives you total of 100% profit on monthly or yearly basis as there must be down times and such moment need to be taken care of for support. Most gamblers seem not to understand this, they don't think of diversifying but only to focus on one source of expectation of financial benefit and that is why when they don't make winnings from gambling after some time they begin to go down financially because they have exhausted their bankroll. What you see next is frustration that leads to addiction because of the hope to get back to their feet through gambling.
2715  Economy / Gambling discussion / Re: Why People Still Gamble? on: June 23, 2023, 12:24:19 PM

You are right that people don't want to become useless or irresponsible by getting into gambling, but it happens because they get into it and can't control themselves, they start with a small amount and wants to gamble for a few minutes but that starts going up over time and then they become addicted.

The believe that only gamblers have the likely tendency of being useless or irresponsible is not empirically proven. In fact someone that does something excessively is abusing that thing and as such can be addicted to that and might go into excessive less control of themselves to curtail such act. If you are involved in some act that you are not able to have control of yourself on that thing, it means you are also at risk of being useless from that thing. There are different ways that someone make a mess of themselves, like eating too much you are likely to be inviting obesity, drinking too much you can be intoxicated and drunk etc. So you can cause yourself trouble when you over do yourself.
2716  Bitcoin / Bitcoin Discussion / Re: We All Know, The halving time will be full of drama on: June 23, 2023, 10:10:57 AM
The SEC issues with binance exchange is just one of the FUD that comes in the market once in a while and strong hands understand this and not panicked to dump. While the bloc splitting happens every 4 years which becomes most outstanding reason for hodlers who understand that whatever value of bitcoin they have will increase after the halving process. FUD will come in different ways and strategy while bitcoin value keep appreciating after each 4 years.
2717  Economy / Gambling discussion / Re: Between futures trading and gambling on: June 23, 2023, 09:24:19 AM
I think gambling is perceived as "an easy way out " but whether this is met is subjective. The reason for that phrase is that gambling requires little or no training, the most of training for gambling is to know how to bet and whether what you bet is going to be successful or not depends on your luck. That is, gambling is a lucky game. On the other part to trading, I have heard people talk of professional trade or trader and if there is anything of such name professional, that means there are amateurs. It means trading is knowledge based and the height of it which is futures requires high level of training, knowledge and experience to be successful.

Both gambling and futures trading are risky in their nature but if knowledge is required and not just luck it means the risk for futures trading can be reduced if proper training is adopted.


Futures unlike gambling. The main thing in future must be consistency. The more money you put in the future and the more profit you will get.


I think this allusion will be for both gambling and futures trading because in gambling you can increase your staking power for greater profit and for two different bettors who use different staking money, they won't be rewarded with the same potential profit. However for futures trading, I would think even with smaller capital, you can be building it gradually until the capital increase.
2718  Economy / Gambling discussion / Re: Are you guilty of promising not to gamble for specific days but back next day on: June 22, 2023, 08:12:26 PM
The only way to combat this behavior and irregularities in gambling is to become busy with extra activities apart from tbe forum and betting, when you become less available to yourself, you will only stick to schedule time for gambling and wouldn't wager money when you don't plan to gamble.

I agree, having too much work to attend makes us forget about our gambling activity.  These jobs serve as distraction since our time is occupied by the job we have to attend too.     It is true that being idle the whole day is boring and we might attempt to engage in gambling activity more often.  If we want to avoid gambling just make sure that our time is always occupied or redirect our entertainment that is far from gambling activities.

Basically I think the most important thing here is to be discipline because if we are not discipline, no matter the amount of busy schedule we have, we could still get enough excuse to gamble at unscheduled time for it. The reason that human beings get to perform in what task they are given sometimes is because they are monitored or regulated to perform with some benefit in return like salary, so when you are not discipline you can over use your scheduled time for gambling when you are doing it just because nobody controls you on the time allotted for gambling. I have seen employed people who after coming back from work, they sneak out from their wives and family to go visit a gambling house to try some luck but they stay longer time than necessary at night while the wife kept calling their phone  Grin Discipline and control are important gambling habit
2719  Economy / Gambling discussion / Re: Success or Fail? - Talking about Gambling as a major income on: June 22, 2023, 06:34:10 PM

For me gambling is not that serious and for me gambling is just for fun without thinking about becoming a good gambler.

Gambling is suppose to be a game that has fun and expectation of financial benefit or some kind of benefit to it. I think this time around the word gambling is really appearing in our daily lives, people now take it seriously and bet hugely on it therefore relying on it for source of income and livelihood. Having this believe is the reason that even when you are losing, you still have hope that you are going to win ar the next try because you are having high believe in the profit from it. Don't depend on gambling alone to be successful, it is gambling and based on luck .
2720  Local / Nigeria (Naija) / Re: This increment of Fuel price in Nigeria on: June 22, 2023, 04:41:40 PM
The politicians are insensitive to the feeling of the people, poverty dey everywhere but dem no want know about that one but instead dem go try carry more money enter house. Now we dey hear say dem want share the subsidy money wey comot whether na rumour we never know, inside every rumour small truth go dey inside. Them no even talk about refinery but na how to share money dem get interest even NLC self no dey help matter.
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