Yes, it depends on the person but those that treat gaming/gambling as fun activities do so because it's the only way they can put their buzz in check to prevent addiction or unnecessary gambling.
If you know any of the gamblers that treated gambling this way ask them and they will tell you they are still hoping for a chance of good winning.
I disagree. There are plenty of gamblers out there who primarily care about the fun factor and don't really care about earning money. They are happy regardless of whether they win or lose at the end of the day. One of the best examples in this case are elites who are 100% financially free. Exactly. Because if their aim is just to entertain themselves, then there's no greed in that. They just need to participate. Because they have sufficient money to play with. And that money are those they are willing to lose. Unlike to those people whose aim are to make money, they have the pressure. Because they must, and have the feel and need to make some gains. In which in gambling, there is no assurance that you make money. So there is the greed. That once that the have earned enough, they never stop. They pushed their luck too much and losing all their winnings. |
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Just think of a situation that there is no money involvement into gambling. What will be number of people using it, for the purpose of fun or to get excitement. It is all about the money that is connected with the gambling activity that lets you to be more interested into it. Everyone are into gambling for money except few people who have got sufficient money, but for some sort of thrill and excitement they've tasted in gambling. Anyhow the money making process depending on luck is another factor that makes people show much interest, if it is much about learning and executing maybe there'll be less users around.
That's the point, money makes it interesting, and there is a potential win which could actually be a very huge amount like you said if not for the win am very sure that a lot of people will not be involved in gambling and people have seen gambling has a very big opportunity to make free money, I know people get lucky when gambling but majority become addicts out of greed, I wonder why you gamble with a little amount of money to win a big bag and that is the perception that the industry is using and is good business, reducing greed can make you have constant wins, and like I said I noticed something about the rich they gamble to discuss business with there fellow businessmen in casinos at least that makes it interesting. Not only that, it is the spontaneity of the outcome which makes it addictive and interesting. One good bet, is you make a big win like 10x of your original risk. However, it is not every time you have a big win. Sometimes it is small, often it is negative or turns out a loss. It is people who chase the win that makes them addicted to the casino. Maybe on their next bet they will win, and then another, and another, and another, until they realize they have already loss their savings. It starts from entertainment, then to want to make money, greed, and then addiction. |
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if no one sells a single bitcoin because everyone never sells... then there is no market. no price
trying to create a mass pump and dump group never lasts. what you need to learn is proper economics of bitcoin
imagine the underlying most efficient mining costs as the below market floor(foundation) and above that is the speculative market. if you want to aid bitcoins market then the underlying foundations of the market need to be pushed up to then have a better speculative market ontop, a market that people can then openly trade on at higher prices. thus not need any scheming pump and dump army. but instead a healthy market with healthy foundations getting stronger
Absolutely. if there is no sellers and no buyers then there will be no transactions. There is no offering in price. BTC is just like a sand in a beach. There will be no value there will be no bid and ask. It will never appreciate value because it is just being kept. If it is just being kept, then there will be no circulation, no transaction, no fees, no minings. That's how important the liquidity is in the market. |
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Holding is a personal decision, sincerely as a Bitcoiner, the best way to grow your profit is by holding tight, but circumstances have made people continue doing otherwise.
The truth is you can not have pressing needs and you keep holding, what if, it is life-threatening stuff, what will you do in such a situation, will you just hold because you want to grow wealth, I think is no for me.
Holding is a good strategy but it mainly for not necessarily the rich but also for someone whose income is high, so that he won't think of withdrawing anytime soon, in other to achieve his purpose of holding which is profit.
Because with BTC market cap and market price, small movement over it only gives a minimal amount of % gains. So if you also have only a little amount of BTC holding, it is more likely you won't feel it either. So IMO, people who are earning in crypto instead of holding it prefer to use it as side hustle and compensate for their expenses. They don't invest but only use it right away like a paycheck. It's not a sin btw. It just happen that that's what works for them and nothing is bad from that. What matters is that if BTC gives us help with our finances, for like a side hustle. Then that is a good thing, is it? |
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The best time to hold is when a correction occurs, many people panic when they see red prices so they sell at a loss, of course this is a mistake because when a correction occurs the best thing is to hold or buy more. And now is the right time to buy more so we can get big profit when bull run happens.
Exactly. Correction phase is what you also called the retracement during an up move. Of course, not all the time btc is expanding higher. In order for the whales and other participants to buy again for a lower price, a correction occurs. That retracement serves as a second level for accumulation of more positions going higher. So if you know that it is going higher, then price going lower in a near term perspective is a signal for a good buying opportunity. |
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Yes, better to be wise instead of being greedy break that cycle or that mindset that when you experienced that luck, you will think that it will be easy for you to repeat the same outcome, it's better to quit and enjoy the money, and if that amount of money is huge diverting it to a business or investment that will generate more money is far better than trying to take another shot in gambling and let that money to lose back,
Every gambler has their own decisions, particularly when it comes to Gambling. Perhaps you know that not everyone has the luck to win a huge amount. That's why you see some of them gambling continuously until they lose everything. Sometimes the reason is also because they want to be lucky and make a huge win, but even after they win, they might not stop because they don't have any idea of something reasonable to do with the money if not just to gamble too. Every gambler knows that. Most are aware of their own behavior in gambling. They know their triggers when they do overbetting yet they still participate on those games that put them in that situation. Also more often, they took gamble with unrealistic expectations. They are wishing to win big to pay their mortgage or debts. They then end up pushing their finances into zero, betting their properties just to gamble. They play without any reserve cash. Simply put, they want easy money. Little do they know that in gambling, as much as it is easy to win. It easier also to lose all your winnings. |
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<SNIP>
Compared to investment trading is quite risky, you need be active and aware in market in order to survive but in investment you don't need to be active and here risk of losing money is quite low but the term is if you are long term holder, and the simple things you has to done is to buy top coins like Bitcoin, Ethereum etc at any price but DCA should be more like profits to buy small small amount at every dump. Here you will get profit at once but after long time of holding. Trading is just like everyone know quite risky but if you are able to manage risk management and done some fine technical Analysis then market will be yours, you will get handsome amount of profit on a daily base and you don't have need to wait long. So the point is that both things is good at thier own place now it's up to you that where you can adjust yourself to get profit. Both are risky. Both require financial and psychological risks. It is just a matter of self-preference in accordance with one's lifestyle. There are many types of trading there goes short-term trading, position trading, swing trading, scalp trading. All require more exposure to the market, greater level of management in every transaction you make. Often time the trades pan out for about an hour to days until you take profit. In a matter of investing, its goal is to create a passive income for the long term. This would take years up to a decade until the investment comes into fruition. So yeah depends on how much exposure you want and how long you want to be in the marketplace. |
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We regret about missing Bitcoin, then about XRP then about Ethereum then Doge then Shiba then Pepe (these are some top of my head and from what I've come across in my crypto term).
Point being there are always new opportunities and dwelling on regrets is futile.
Don't regret. Don't leave a room for shame of yourself. Just remember that there are tons of opportunities in the marketplace and it will never stop. Last year, last month, last week, yesterday was the best day to buy, today is the second best. Instead, learn from the past opportunities, it is not a mistake that you left out before. It is part of your financial journey. Ask yourself how can you participate if almost the same opportunity present itself. What can you do better? |
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People don't have statistics to play gamble and that is why some of the gambling enthusiasm do experience (shege in gambling... meaning much loses in a gambling) so it's good for gamblers to know a specific amount that should go out in their wallet weekly or monthly.
When you check the statistics of who is on constant gambling of different kind of gambling either casino, poker game and other gambling games, should check the funds that goes out of them monthly because of gambling and they funds they received in a month and annually in gambling if they are of the same amount.
If we planned our gambling bet we should not be going crazy after when we have not meet up our target in gambling, what i expected every gambler is to make table of how much should be spend in gambling and how much should go investment, because money we loses in gambling continuously if we gather it together it will sum up to start a little business. I'm say play gamble with experience, don't use all you have for casino gambling
This is much of work, isn't it? Let alone having an Excel sheet for my losses haha. However, that is the way of managing our gambling. Because as the saying goes, you cannot improve what you cannot measure. This is in fact more than responsible for our gambling but also managing it and treating it like a business. Once this is done, you can improve almost anything in your gambling. Minimize the exposure on games you often lose and maximize playing on games that you often take profit with. You also get aware of your emotions, how often you over bet or over risk. What are your triggers when you degenerate with your money because of overconfidence. If making money out of gambling is what you want, implementing this would be helpful. But if you're just a casual player trying to entertain yourself, then it will be a lot of work. |
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The subsidy can be given by government if they are stable enough with the national reserves and their yearly revenues. From where they fill the treasury? From the taxes that we pay so definitely we need subsidy but we also need population that is strong enough to pay their taxes on time and every time. Various countries do not get as much taxes as any powerful or highly developed country gets. This leads to under income of the government and thus over burden on planning and executing the schemes like subsidies. Apart from this we need to understand that subsidy is not free coupon, we do have to payback the left over amount all the time along with interest. Many people fail to do it.
Let's not forget that a significant portion of any budget is spent or misused. You have to go through a lot to get a subsidy. Sometimes the amount of the subsidy does not correspond to the moral and financial costs of receiving it. Therefore, it is often worth considering whether you should start getting a subsidy or whether it is better to save your nerves I think what's more to be wary of is the people's overreliance of the subsidy given by the government. Well of course there must be a subsidy because we are paying taxes and that is where our money goes, to help each individual in need. However, if a person is only relying on it, for their food, for their shelter, for the allowances, then there won't be security in that. People who become complacent in their life. They have a complete body yet not working. They are sitting on their couch all day blaming the government for the life that they have right now. |
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This is how it is on gambling sites: Many of our customers use Deposit Limits to manage their spending. Limits can be set for a 24 hour, 7 day or 30 day period and cannot be overridden
You can decrease your Deposit Limits at any time and this will be applied immediately.
Before increasing your Deposit Limits carefully consider if you can afford to do so. Never decide to increase your limit because you have lost money and think that you will win it back by gambling more. If you wish to increase a limit you will need to wait 24 hours before we action your request and then return to our site to confirm that you still want to increase it.
I quoted it from a gambling site. This is just an evidence that their is nothing called deposit limit. Assuming you set it to 7 or 30 days and you set it to $100. Once you bet and lose the $100, you can wait for 24 hours to increase it above $100. Without discipline yourself, you will increase the limit and gamble more. I have been into gambling for many years, this is one of the problem I have faced before. But for people that gamble daily, setting a daily limit can be helpful. It is the only one that is useful. But at least, casinos are making sure that they are having a contribution to the betterment of their players. Just like withdrawal limits to protect casinos, deposit limits are there to protect the participants from their spending and over-gambling. I believe it is a game changer for online casinos because this only proves that they care about their players. However, regardless of the rules set by the casinos, if the gambler is unwilling to submit into it and lacked the discipline, then it will be useless. They will still deposit more money to use, they will still over gamble and that is the truth. |
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It is very interesting to me when people link Bitcoin’s price with improvement of its functionality. In reality, the cost of transactions is way up from free when I started using BTC, there are significantly less options for use cases as regulators have cracked down on developers, and a majority of people think BTC is a store of value instead of a p2p payment network. Improvement? Only if you’re trying to play the greater fool game.
And I don't also think that there will be improvement for bitcoin. I mean they could if the devs wanted to. But bitcoin has changed a lot as you have said, fees are higher but the price is also going up most of the time. As for the the so called "functionality", it's now more of a Store of Value (SoV), people making money, it's becoming a investment vehicle for the majority of us instead of what is it designed for in the beginning as P2P system. So it has evolved in the last 10 years and I think it will, in the next decade. It is changing depending on how the majority of people are using it. Using BTC as a currency is of course costly because of the fees and exchange rate, that is also why altcoins are being used instead. So even that BTC is not use directly for consumers, it stills functions and circulates, farmed, and mined the way it is supposed to be. Just like how it is compared to Gold back then, most financial institution see it as investment vehicle well because there is no other asset class more volatile than BTC. |
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-snip-
Roulette is like dice in the sense that the previous outcomes don't affect the following ones in the slightest. And yet I personally knew a guy who was taking notes of which numbers hadn't show up for a long time, and then betting on those numbers.
That's right, because if we pay attention to how Roulette works, it is random, so it's not easy to guess which number will be where the ball stops spinning. Maybe memorizing numbers that rarely come out can be the best way to get a win. It's just that when you're not lucky, those numbers also don't guarantee you can come out as a winner. If playing Roulette I now prefers to bet on color because there are only two choices between black and red. Just right on point. I mean every gambling opportunity is unique that the outcome of the last bet won't affect the next unless there's anomaly is happening behind. Betting in color instead of numbers would be a smart move. That just simply putting higher probability becasue you have 50-50 of chance winning, but i believe some online casinos don't have that kind of offer (on my own experience). So unless you're lucky every time you will win, you have to had a risk management and a worthy risk reward to compensate for the losses all through out the series of your bets. |
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If we go down that road again, then yes, but most of those gamblers that pay for games obviously fail to realise that in gambling, they can't make a sure win, so why risk buying a game and still risk losing? because In the gambling industry, the rate of winning a game is always minimal compared to losses. Although there are really some things that some newbie gamblers don't know yet before starting to gamble, they may still get to know them.
Apart from the chance of winning the game in gambling being minimal, I believe most of the gamblers that pay for games which someone told them he/she has the right strategy for winning the game are still naive because it's analytical that no one will have such a strategy that could make them a millionaire overnight and decide to sell it for little money or ridiculous percentage the gambler will pay them. It's really weird and funny when you put it that way, l mean you hold the keys to making much money and you now decide to sell it for a very common where as you could make millions yourself with same service you are actually rendering. Well this is the major reason I don't like following all those crazy posers that tend to feel that they can provide someone with a specific odds that is guaranteed 90% of winning. there's no guaranteed winning when it comes to gambling. most of these bettors who are offering services with very high chance of winning are fake. you are right, if they can earn such money, why ask other people to avail their services? those who gives service about what team or whom to win are mostly fake or some are just giving their wild prediction. and about guarantee ? this is gambling who can say what? even those people are not assured about what will be the outcome of game. That is also why only listen and be influenced by the people who have an established reputation. I mean you can meet a lot of people online and on social media who give that calls, tips, and services but most are frauds. So you have to verify it yourself. Ask for proof, if they are winning well then they have to withdraw proofs, if they are asking for money in turn of their services then ask for a track record how often they win, how often they loss, and how come they have profits after many loss streaks. Because even if it is other people's idea or tip, it is still your responsibility because it's your money you are gambling with. |
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Hey fellow gamblers, I don't know if this question has been asked before on this forum. If it has , please let me know and I will lock it and move it to archival.
My question is this, if you were given 5 Bitcoins to never gamble again for the rest of your life, will you take it? Considering that first you will already be rich or the prospect of getting rich is high from it. And also if you play your cards right by investing the 5 Bitcoin properly, it could also mean generational wealth. Or will you say that 5 Bitcoins can't match the thrill and pleasure that comes from gambling, be it at a physical casino or an online casino.
Sure yes. In fact, holding 5 BTC is a gamble itself isn't it? It's the same thing as taking a risk. It's a win-win situation. I get to stop my gambling then I will get 5 BTC. That was just like an instant passive income. If I put 5BTC as it is appreciating it's value and probably put in a stake, that 5 BTC will compound overtime. Also put together with proper investing skill and management will be better. |
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A few months ago, I had no idea what a prop firm was, a sector that cryptotraders like me did not have much information about. However, I found it interesting what these funding companies for traders offer. A prop firm is a company that provides large capital to traders, but to get it, you must first pay an entry fee and go through a challenge that has a number of conditions. This is done to prove that you are profitable and capable of handling larger capital. In my opinion, using a propping company has several advantages: You don't risk your own capital: by trading with prop firm capital, your own funds are protected, which significantly reduces risk. Ability to trade accounts up to +200K: Prop firms allow you to access accounts with much larger capital than you could use on your own, which increases profit potential. Currently, I am funded at Crypto Fund Trader, a prop firm that focuses primarily on trading cryptocurrencies, but also offers other instruments such as forex, indices, commodities and stocks. One of the things that attracted me to this firm is that they allow any trading strategy, which is critical for me, as I have a custom strategy that I wanted to keep using. They also offer 1:100 leverage and spreads from 0 pips, which allows me to comfortably trade my strategy. It's also great that we can choose the platform we feel most comfortable with. In my case, I chose to use Crypto Fund Trader's own platform, as I find it very well optimized for my needs. Another important aspect is the way in which we can earn our profits. The prop firm offers multiple options to withdraw our profits, such as bank transfer, credit card, PayPal, Payoneer, Revolut, Wise, Coinbase, among others. In summary, using a prop firm has been an excellent option for me, as it has allowed me to work on what I like, which is trading, without having to risk my own money. If you are interested in more information about the prop firm I use, you can visit their website: https://cryptofundtrader.com/. Yes funding challenges through propfirms are gamechanger. They give you a capital for a challenge that you bought once you passed it. The challenge is can you pass it? The capital now is not a problem but do you have a real skill to pass a 2-phase challenge, some also have 30days limit to pass, 10% maximum drawdowns. So you have to had the risk management, working strategy, and a strong psychology because trading is a psychological game. |
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It's good to bet and wait for the outcome. If you win, then collect and withdraw your money, then enjoy celebrate your win.
I don't think it's that easy because when we make a bet, we can't just stay silent, we also look for other betting options that can provide better odds. After all, when we win, it's also impossible to collect winnings and then withdraw and enjoy them, the desire to bet again so we can win more will always come to mind so that in the end it doesn't collect but instead runs out entirely because of defeat. It is best to really look for betting options that allow you to win and only use money you are willing to lose when betting. If you can resist the urge to bet again after winning and prefer to rest, it will refresh your mind so that you are no longer emotional when you bet again. Sometimes we just need to analyze, place bets and wait for the results. And if the result is we win, we can rest and vice versa. Don't try to get another victory after we win but try to rest a while. And after resting, we can bet again; this time, if we win, we repeat as before while collecting the winnings. And if it reaches the minimum withdrawal limit, we can withdraw it and celebrate our victory. This is absolutely what I need. It is having a break in between sets of every game or session. In my experience, staring too long at the screen makes my eyesight fatigued and my mind foggy. Then I will get bored. That boredom triggers me to bet on unplanned games, just to satisfy or overcome my boredom. Until I realized that my profits is gone because I am gambling the money that I shouldn't the first place. Just because I got bored. Same with winning consecutively that we got overconfidence, I will win this time too, then I lose my money. So taking breaks I believe is a must. Get some fresh air, or get downstairs and drink water. Just get off the screen and rest for a moment. |
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Probability has a crucial role. The thought of winning the jackpot is certainly enticing. The promise of such a windfall is like the song of a siren. However, the reality is that you have a better chance of being struck by lightning than winning the lottery.
You are totally right. This is indeed what makes lottery games interesting and what makes people attracted to them. Spending a small amount of money to get a chance, regardless of how negligible it is, to win a life changing amount of money. Just thinking of it is fascinating. The moment you buy the ticket you immediately start dreaming of what you would do with the money you may win, although you know that the odds are against you. Many members here think, like Mahanton, that probability plays a fundamental role, so "lottery is a very bad game/a game for ignorants like to waste their money". Others focus on the fascination of thinking about the price, like khaled0111, even if you know that the odds are near zero. If we follow the advice we have read so many times in this forum, and we play for the fun, not for the money, then it is clear that sports bets, for example, could be a good example for that; but, for the same reason, lotteries shouldn't be labeled as "bad" just because of the ridiculous chance to win, as long as the players enjoy the game. Exactly. "As long as the players enjoy the game.", Because that's what gambling is for right? Solely for entertainment. But, there is minority of people who are able to see potential money-making behind gambling. Those are the casino owners and what they call Legendary Players. Those who are profitable ones. They are called legendary not because they are very lucky. They are profitable because they use probability on their side. They are not over risking, they are not putting all their money in one basket. They are patient on their gambling because they will only bet when the chance is present and there is a greater probability on their side. |
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Hope is a good thing, until you let it poison you.
It's good and great and all that but sometimes staying grounded and realistic will save you from trouble too. Such as with gambling, you can't stay hopeful and faithful to the process cause you know out of all people that the process is rigged against you and it will come for your ass if you let it. So staying a little realistic and setting up boundaries is just as important as having the propensity to take risks. Just as what some people have told you about in this thread, having hope is not going to guarantee you wins. It just gives you the confidence to make those choices and switch up when you need to. You have to differentiate staying hopeful to copium and making belligerent choices in the name of profit.
absolutely. there should be a balance between realistic expectations and having an audacious goal. Having a clear set of rules with your gambling would be how much you are allowed to lose in a day, how much time can you dedicate each day, and how many transactions and deposits you could allow yourself. those rules will help you save money and not lose it because you have clear boundaries and rules for your gambling. This will also remind you that your luck is not every day. So when the signal is there that the odds are not yours, then just leave the table. |
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The age limit has no role in this discussion, it is all about human emotions. If people see the opportunity they don't want to feel fear of missing out next opportunity. It is logical they want to gamble to make more Bitcoin with their current crypto portfolio but they have no idea about the odds until they lose all savings back to casino platforms. My answer is human emotions that control society today and people make decisions based on their emotions and goals, that is why there is a big difference, IMO.
Both require risk. Both got money and psychology involve. Both take experience and long hours to fill. There is no big difference other than the knowledge required to succeed. In trading BTC however, you have to learn fundamental or technical analysis. Unlike to gambling or in casinos, you just need pure luck. Just pull the trigger on slot, sports bet on either team, and many more. Because there are so many thing you will not find in Bitcoin. Entertainment, fun, music, communication with other gambler, adrenaline, enjoying to play game etc it's can be find in gambling. While Bitcoin is just a currency and you're either invest or trade it, nothing more. You can't play with Bitcoin because it's not something that will entertain you.
But the good thing about Bitcoin is, if you're a techy you might be interested to learn the technical stuff which Average Joe not find it as fun.
And it's a personal preference. Both have potential to make a lot of money by just one click. |
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