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Been talking about those not riding to ride the wave while it is low, hope they're doing fine.
I've been talking about it since the price hit its lowest this year and if they immediately buy at that price range, they are having a profit 10x their money. But I do feel them as we never know what will happen. I don't even think that it will fall immediately as the price is still going strong, maybe after some correction, we might see the price rise at $40K.
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I am not a high roller.
I just consider myself a casual gambler or a regular spinner. I am not a fan of slots and as long as I can, I want to do bets on games that I have an advantage like sports betting or games we all call skill-based games. I do some Yolos though but that money I am using is an amount I can lose so that is just fine as long as that is the scenario.
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That's definitely the reality, many have tried but only few are really successful in doing that, and this is the fun fact, those who are publicly saying they are making a living in gambling are those who aren't really making at all, real gamblers who are successful in making a living in gambling does not announce his success publicly as it's a secret mission for them. I agree with that. Most of the casual gamblers and addicted gamblers kept on going in and out of casinos or gambling sites and usually brag about their wins. Most of those people that actually win are those hiding their wins and strategies from the public. We mostly know those gamblers when they join professional tournaments we can usually watch online or live. |
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Only $10M for Floyd in this fight?
That's pennies for him, it would be interesting to learn where you got the information about his fee. For someone who earns $280M against Mcgregor, he isn't that desperate to take offers that low. The PPV alone will get him more than $10M, you;d have to wonder how low will Logan get if its just $10M for Floyd.
Might be a penny for him, that is true. But let's consider his match and his opponent, it is easy money. Just imagine, having one round match and you would be paid a certain $10M, which is $5M as far as I know, and a share with the PPV payments. A $5M where he could just end in seconds, in a minute, or in just one round. That is just like Logan giving him a gift of $5M. |
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Not that much to be honest.
In the past, I am using that site for a period of time but right now I just visit it depending on the SLPs that I am getting in this game called Axie Infinity. It is a game where gamers are rewarded and can be traded to ETH through Uniswap or maybe other sites you wanted to. Still saving some SLPs before I sold them especially having a good timing with the price of it.
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No, I don't think so.
There is a lot of reasons why altcoins will not replace Bitcoin no matter what happens. One of the answers I always say is that the fact that we are still calling altcoins "altcoins" means that it will stay an altcoin forever, an alternative coin to the main cryptocurrency which is Bitcoin. It is funny that some altcoins reason of existence is to "kill" bitcoin.
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These whales consistently win in exchanging here in digital currency, its the truth things happened that We can't deny, at that point for the normal dealers like me I can't resemble as long as I don't have a ton of cash. The more the market requests something, the higher its cost goes. A basic model here would be something like an Auction.
They hold the most but I don't think they actually "win" consistently. Right now most of the corporations or companies hold a huge number of Bitcoin and that might be the reason why the price is still increasing right now. We are not whales, not all of us but they are not the one that actually moves the price all the time. The demand push the value and with the price so high right now, means that the demand is on the roof. |
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What's done is done.
Instead of dealing with the past's mistake, you should learn from it and apply it in the near future. The best part here is that you've learned your part. I think that it is also a mistake that you put all of your money into cryptocurrencies, it might be having a great rally right now but that won't be happening all of the time.
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quite interesting kotajikikox, yes the data is probably about live cassinos since online cassinos wouldnt have a real reason to limit theirselves to one country only and it'd probably be hard to get the data that is not publicy shared.
regarding the disposable income, you have a point, but still people need access to money to be able to gamble. probably ha some degree of correlation with disposable income.
how would you try to measure gamblers "for fun", addicts and semi-addicts?
In my opinion the best way to measure gamblers based on their addictions would be to look at inter monthly data. An addict can't really control his gambling habits and is usually constrained by his bankroll. So at the beginning of a month there should be a lot of semi addicts and full gambling addicts who just hit their salary and will be eager to gamble. Later on the months I would assume most of the turnover is being generated by gamblers who play for fun and leisure. That would be hard. Doesn't mean that they are spending more on gambling in a month means that person is already an addict. These gamblers who just bet for fun and leisure have these times where they are so thrilled to gamble and because of that, spend an amount higher than the bets they are doing the other months. It is random since this usually depends on their mood. |
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From my perspective, this fight was only made just to generate or make money because both of these people are popular people worldwide. Even Logan Paul isn't a professional boxer like Floyd Mayweather, Floyd still wanted to make a fight with Logan Paul, which he definitely doesn't stand a chance. I also don't think this fight will not generate that much money because it will be a waste of time since we already knew which of them will won the fight.
That seems to be the main reason and all the ruckus made by Logan were all leading to this. Floyd will make money easily on this. He is already retired and matches like this isn't really a big deal for him but he will make money from participating on it. Right now they are just making their roles to advertise this match. Logan posting a picture on his Instagram account, telling something about the match in his vlogs maybe and even his trainer, as far as I know, also said that Logan can take down Floyd Mayweather which we all know will not happen. He can't even square with KSI which he didn't win in their two faceoffs. This is a big leap and we all know it is about the money, money, money. |
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Millions of people gamble each day and there would definitely be people who solely live on gambling income but I think the amount of such people will be very few.
It would be very hard for people to live on gambling income though. The income would be very unstable as some day we win and the other days we lose.
Unstable income is quite risky to depend on.
Yeah it's very difficult to find someone who used to feed solely on gambling as a source of income, but there are some that have proved exceptional from this list https://www.bestuscasinos.org/blog/10-most-successful-gamblers-in-history/. Although it's very hard to make profit in gambling world but there are those who have the necessary skills for this industry and they are making cool funds from their skills here. People in that list also can be considered as most luckiest one, and we can see that some people had other profession before entering into gambling so once they made huge profits they saved enough for their survival and started betting with the remaining but still they kept winning more amount than they lost. No, most of these people ain't lucky. They are the real deal. If you will be reading the article, they won a lot of money from gambling that even the first one developed strategies that the casino banned which means it is very successful. Some of them are lucky as there is a player that didn't count but won $15M on Blackjack. MIT blackjack team seems legend to me. |
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We are all expecting a great year-end for bitcoin and it looks like it will hit $ 30K on New Year's Eve. We will welcome the joys of the New Year with the increasing value of bitcoin and it will continue to grow.
$30k as the max this year will get the attention of the people more, bitcoin has already left the earth, what can we expect here, I think it will continue to rise and next year the correction will start, if no major correction, then probably the $100k per bitcoin is real next year, just even a very conservative prediction of mine. Right now we are at $33K closing to $34K. I don't know how strong this pump is but it is still going! At this pace, we might even reach $40K at the end of the month, the first month of 2021. It is still going so we don't know when will the correction hit but considering how strong this wave is, I think it would just go back to $34K after correction and hit $40K at the end of the month. |
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No Bitcoin couldn't take over or replace the traditional currency do you think that the government would allow such thing to happen?
Bitcoin would just remain the same it could never replace traditional currency and I think that the government is already in crypto,
They created their own centralized crypto just like USDT.
Sure the government will fight and kick against it. Traditional currencies are the pride and presence of the people and government. The traditional currency play a big role in the being of the people in the country and that is manipulation but bitcoin can not be used to manipulate just a people of the country because it is decentralized. The government can't bring regulation of its use which can be a reason that it is not easy to manipulate. You can be sure about that, governments are going to fight cryptocurrencies with everything they got, having a currency they can manipulate at will has being a great part of their arsenal when it comes to manipulate the economy and bitcoin does not allow that so they hate it and that is why they have not wanted to accept it, but now that their economy is in such a bad shape they might as well try to regulate the industry to get some money out of it but I think even those attempts will eventually fail. I believe that governments will have to come to terms with the existence of cryptocurrencies, but in reality they will try to control the cryptocurrency market, because their main goal is not to ban the circulation of cryptocurrency assets, but to control the income and expenses of their citizens, although they always hide behind good intentions when they talk about the fight against terrorism. This will be the case. I do hope that some countries stay neutral in this scenario and keep their view of Bitcoin as it is. It would never replace the traditional currencies, the fiats that we are using right now but we would be going in the future where the fiat is digital and usually mobile apps and cards will be used. This might push the idea of taxing cryptocurrencies though we don't know how will they do it. |
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Never thought that it would reach this high.
I thought it would just hit $22K - $25K but right now we are at $32K and it is still going up not even stopping from the rally that might reach another ATH which might be $34K or $35K. I don't know what is happening but it seems this year might be one of the best years the Bitcoin community and history has even known.
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I could relate this in the past.
Not my experience but there are a lot of people who bought Bitcoin and are not serious about holding it or trading it and when the price exploded, they are posting everywhere asking about how they would be able to get back their wallets with their private keys gone, forgotten, and deleted. Some even already threw their PCs where their bitcoin is stored.
It takes just 5-10 minutes to generate the backup file and to store it securely. This could save you from potential heartburn later. During the early days, a lot of people lost their coin holdings to carelessness. I still remember reading about an incident, in which an user lost 25,000 BTC in 2012, because he didn't bothered to enable email confirmation and 2FA to his Bitcoin wallet. Just how careless people are about Bitcoin in the past. That amount, 25, 000 Bitcoins is a huge amount right now, especially that we are still rallying. I don't know what happened to that guy but for sure, despite the years passed, he is still regretting he didn't enable tha email confirmation and 2FA. I think the title should not be "Are your Bitcoins safe?" It should be something like "Are we aware of our Bitcoins' safety" |
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It is very risky to go with higher odds.
It is a huge win of money of course but the chance of it happening is also low means that it is a gamble. Unless there are these angles that you are looking that can give the higher odds to win, you could give them a try. They usually happen but it is not that often that it could be something that gamblers could use to make theirselves rich almost instantenously.
The chance is still there, if you have good knowledge about the game and luck permits you to pick the right game. High odds like what you have said is not usual to win, a high risk but very profitable once the timing is perfect. You need to take and accept all the possibilities. Win big or do the other side. It's up always with how you sort those games and how will you entrust your money with your knowledge not just with luck though it influence a lot. But you need luck with that. With a low probability or chance of winning, you will be needing luck. Of course, you bet on that for some reasons which means you think they have a chance of winning despite their low probability of winning. If you bet on them, your analysis might not be useful for the team's game or play but that increase that small percentage into your advantage. |
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but this is already reflected in the odds, you have to risk $100 in order to potentially win $10, when betting on a strong team.
This is some others don't understand, they think betting on the strong team always gives them a win, but if we consider the odds, like what in your illustration, you need to win 10 times betting on a favorite in order for your $100 to win the exact amount, which is not easy based on probability. But it's it is enough to at least having High chance in Strong team than betting in lower,Yeah the Winning maybe so much higher but you can lose your 100$ in a single match ,while in Strong team 10% win is almost there ,but of course not 100% assured. But for the risk taker ,yeah they tend to bet in the lower team Just to have a change doubling their money instantly. It is very risky to go with higher odds. It is a huge win of money of course but the chance of it happening is also low means that it is a gamble. Unless there are these angles that you are looking that can give the higher odds to win, you could give them a try. They usually happen but it is not that often that it could be something that gamblers could use to make theirselves rich almost instantenously. |
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Professional gamblers can only be classified into those strategic based type of games and it can be quite seen but mostly we do saw wrecked people due to too much gambling.
There are people whom do able to withstand the risk and able to make profits and still playing nor depending on it on daily basis or to their living.Its not a suggestible thing
for you to make gambling as a main source because instead of making money you will lose instead..It will take sufficient or long time for you to grasp the level of being
profitable in constant basis even lots do see that it is nearly impossible to happen specially in gambling.
People will not see how big their chance to win in the gambling games and they still force themselves to try more. Sooner or later, they will wreck their lives, and if they do not stop playing gambling, they will not survive and get out of the gambling. Maybe those people need to realize that if they can win on the games, they must stop trying to continue or thinking to earn more from gambling before it is too late to realize. If they can do that, they do not have to be a pro gambler because they can make money from gambling without risking too much money and get lost too much money. I think although you have professional label with your gambling there are not guarantee always win when begin gambling, there are only broker could take much profit from gambling game and we always loss when beginning gambling. Should have one way for betting waiting when best time give us lucky because gambling is the way to know lucky or not to get win. Maybe when have chance with lucky we can begin gambling and try with higher amount but if not never wanna try. Professionals also lose. That doesn't mean that you are professional, you will not lose. There are a lot of gambling professionals that earned a lot of money from gambling but also lost a lot of money from it. A gambler may close the number of their wins to their losses but I don't think there is a professional that is just straight-up "money-well", right? We are talking about gambling here and if this is your profession you should know it is not a consistent profit. |
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Most of the bounties which one provide brand-new alt they are over 97% goes to scam, and trading signal always fall you trap, yes definitely so hard making money by cryptocurrency.
That is so true. Doesn't mean that whenever the price rose, means that it is easy to earn money. It could be if you invested already in Bitcoin for some time now but if you are just new, it would be a hard path. The only thing we could do to make ourselves some profit is taking advantage of the market that we have. Another thing is to reduce risks making the chance of earning profit higher. |
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for now it's still difficult for altcoin to follow the bitcoin trend, only top altcoins such as Ethereum, Litecoin and Bitcoin Cash,
which have a high market cap can join this bullish trend, I hope the dominance drops below 50%, and altcoins will fly
I think they will. Give it some time and for sure altcoins will follow the trend. There are some altcoins that are currently following the trend but they can't maintain that strong increasing movement unlike other altcoins like you've said. We can't help but just be amazed at how strong bitcoin is right now, we don't know when altcoins will follow but I'll stick with bitcoin for now. |
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