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3101  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife. on: October 17, 2023, 04:11:12 PM
I promised in a post on this forum a few months ago. I had a plan to give half of my bitcoin investment to my wife after marriage. I got married a few days ago. First I gave my wife all the ideas about Bitcoin. I was surprised to hear my wife, as soon as I told my wife about Bitcoin, she said that she had heard the name of Bitcoin before. I thought it would be very difficult to convince girls. But my wife was able to understand about Bitcoin very easily. I gave him half of the investment as per my word. He is very happy to get Bitcoin. My wife plans to hold bitcoin for a long time. Now you can say it is better to give girls gold jewelery than bitcoins. I have given gold ornaments to my wife as per her wish. Have any of you managed to teach your wife Bitcoin? Have any of you gifted bitcoin to a wife like me?

As people are not so much aware about Bitcoin in our country, we can say that till now even men are not so much aware about Bitcoin. So you can imagine what women would know about Bitcoin. I haven't told my wife anything about Bitcoin till now and haven't given her any such gift but I am very happy to read your idea. Gold jewelry is a common thing to give to girls, but gifting your wife with Bitcoin is more important than gold in my opinion.

It is also a great idea to share Bitcoin with your life partner and tell him about Bitcoin. This way Bitcoin will get more boost .Since my wife doesn't know anything about Bitcoin, even if I wanted to gift her Bitcoin, she wouldn't be very happy. So we should also give our life partner complete information about Bitcoin so that his interest in Bitcoin grows. Maybe your wife is more educated, so she understood quickly, but it will be very difficult to explain Bitcoin to people whose wives are not very educated.
Given the worldwide nature of cryptocurrency, its surprising that so many are uneducated, and women are further disadvantaged owing to traditional preconceptions. As you noted, discussing Bitcoin with loved ones, especially spouses, is vital. We increase their knowledge and Bitcoin's popularity by doing so.

However, I want to address the problem: the idea that education directly affects Bitcoin understanding. This idea is wrong. Bitcoin, like any concept, can be described simply. Thus, information presentation matters more than your wife's education. Gifting Bitcoin as a more valuable gift than gold is profound, but comprehension and acceptance are the true challenges.
3102  Bitcoin / Bitcoin Discussion / Re: Why Governments Ban Cryptocurrency {Bitcoin} on: October 17, 2023, 03:57:46 PM
I think there are more reasons why they are just banning bitcoins and want to disconnect themselves in any way shape or form regarding cryptocurrency. due to the fact that some people are still ignorant of it, their people might become prone to many Ponzi scheme scammers that are on the loose who used bitcoins as their props to fool people. it's important that they have some basic knowledge first and some preventive measures on how to protect themselves from such scammers and hackers as well, in order to save themselves from false investment platforms and other scenarios that lead them to lose all their savings. that's why some governments take countermeasures in order to protect their citizen but as soon as their people are aware of all of this they lift the ban and stay neutral about it.
I also hope that the reason the country bans bitcoin is purely because of the reasons you say. There is no other meaning.

But imo, This is mainly because the government cannot regulate and track it. The government wants to be able to investigate your bank activities if necessary, freeze assets, obtain taxes, etc. Since it was distributed, Bitcoin exists in many different locations at the same time. This makes it very difficult for one regulatory agency to impose its will across national borders. This also means that the government or other third parties technically cannot raid an office and shut anything down.

Apart from that, what makes them afraid of bitcoin, because bitcoin is a combination of finance, technology and utility along with an intellectual community and a socially open community. This leaves ancient ways of life behind and opens up many possibilities for a future as a global humanity without government interference.
Govts and Bitcoin. This is a typical fight between old and new, centralized and dispersed power. Governments have always set conditions, regulations, and taken their share of the pie. Bitcoin threatens this status quo by creating an unmanageable, untrackable system beyond their reach.

Its deeper than that. Bitcoin's intellectual and socially open community is a major social change. These communities want authority to be distributed democratically. The fabric of our civilizations is being rewritten, not simply finance. Bitcoin presents complex issues and has significant potential.
3103  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: October 17, 2023, 03:42:19 PM
Absolutely, Bitcoin knowledge is not complete without investing in Bitcoin.

Learning about bitcoin alone is already an investment because we don't do it for free. Those times we sacrifice, which could have been used for other things, were invested in learning about bitcoin, which I don't see as a wasted resource. I consider that time as something that was put to good use and could also be considered an investment.
 
If I don't have money to invest in bitcoin yet, that doesn't make my knowledge a waste. I can still continue to learn more about the currency until I can raise money to start my holding journey, but with the things that I'm able to learn about it, I can still use that knowledge to earn bitcoin without physically investing money in it, which is also one way that the information gotten from bitcoin can be put to good use. There are a lot of ways to actually earn bitcoin; all one needs is to have the knowledge, which is a good starting point, and capital to buy and start holding, which is what follows.

I disagree with you on this oprichuckwu that the knowledge you are gaining is an investment. Investment means when you put money (capital) with the hope to get profit OR you put in money so that the money can increase over time. There is no way you can go to the supermarket and say that because you understand accounting, that you will be given whatever that you want for free. Without money one cannot invest.

Bitcoin is an investment that you don't need too much before you can invest into it. You can even start with as low as $5 to invest, and what I know is that you don't need to know so much about bitcoin before investing. There are such knowledge that are better learnt through experience and not theory, because nobody will teach you how to control your emotions on bitcoin price movement.  If you believe in bitcoin and you have the basic knowledge of bitcoin, then I don't see what will deprive you from investing with very small amount in what you believe that has the possibility giving you a retirement funds in future.

It is people that don't have the insight of  what Bitcoin will be in future that wouldn't take the advantage to start investing in bitcoin early and they are waiting till they have so much on them before they can buy bitcoin or till when they have understand everything about bitcoin before investing. It is better to invest right away and learn the rest aspect of bitcoin during your accumulating period. DCA strategy is well known as the most efficient method one can use to increase his bitcoin bit by bit.

When you only know the theorical aspect alone, you wouldn't see the challenges and risk in bitcoin investment as a hodler. It is just like someone that says he can drive a car because he knows the theory but hasn't put it into practice, and says he is a good driver. There are some knowledge that a newbie who bought bitcoin will have, and someone that has all the theory knowledge will never have
Yes, your investment knowledge is profound. Investment is a commitment, not a transaction. The confidence that your capital will expand and your investment will pay off. Your supermarket comparison of understanding accounting and expecting free things is undisputed. Investment requires money, otherwise knowledge is meaningless rhetoric.

Regarding Bitcoin, your point is solid. Waiting for complete knowledge before acting hinders success. Bitcoin's value fluctuates, and no book can prepare you for its emotional impact. Certain human traits only appear when money is at risk. Experience is the key here. True education comes from holding, seeing the price fluctuate, and spending sleepless nights wondering if you made the proper option. Replicating it is impossible. As you said, understanding Bitcoin involves starting small, following the DCA technique, and learning on the go.
3104  Bitcoin / Bitcoin Discussion / Re: Bitcoin Awareness - Welcoming New Bitcoiners with $1 Worth of Sat in Cameroon on: October 17, 2023, 03:27:35 PM
Your boldness in Cameroon is exactly what we need to spread Bitcoin's message of financial freedom and power. But did you genuinely assess their understanding? Passion is sometimes confused for understanding. Africa is a complex mix of civilizations, and while Bitcoin promises emancipation, it requires deep understanding to exploit. Your great trip is just the beginning.

Continuing education is important, but do you provide them the tools to navigate Bitcoin's volatility? Managing funds without intermediaries is appealing, but it has drawbacks. They must appreciate the importance of Bitcoin wallet security and its value fluidity. Your restricted social media group is a start, but constant interaction is essential. Introspect, reassess, and reinforce.
3105  Bitcoin / Bitcoin Discussion / Re: Do you ever feel tired of waiting? on: October 17, 2023, 03:14:22 PM
~Snip
How do you cope with waiting?
Feeling tired of waiting for something is like waiting for the price of bitcoin to rise. It is certain that most bitcoin investors have felt bored with this. But in my personal opinion, feeling bored waiting for Bitcoin prices to rise is normal. Because waiting means there is definitely a possibility of getting bored. So this is where we as bitcoin investors will be tested. Do you have to continue to survive and be strong in holding bitcoin until the desired price, or sell it at any profit. Therefore, when investing in bitcoin, it is highly recommended to use cold hard capital. Actually, this is all because it is useful for reducing boredom while waiting for the price of bitcoin to rise. Because if you use cold money to invest in Bitcoin, your mentality will be calmer and more controlled. In contrast to using hot capital, it will definitely trigger more mental and inner unrest.

So in my personal opinion, to reduce boredom or impatience when waiting for the price of bitcoin to rise, that is by using capital with cold money when investing. Apart from that, other income is needed while waiting for the desired bitcoin price to be reached. Because investments definitely take a long time to gain profits, including bitcoin investments. Therefore, other income is really needed here so that life and finances are more normal. And finally, my advice is not to remember your Bitcoin investments too often and not to look at market prices too often. Just look at the market at least once a month. Because from my personal experience, to be honest, if you watch the market often it will affect your psychology and will ultimately cause feelings of anxiety, fear and boredom.
Bitcoin investing, like any other, demands mental strength to endure volatility. I understand your "boredom" viewpoint. However, investment ideas should be founded on statistics, long-term vision, and thorough study, not emotions or emotional states. Your "cold money" idea is valid. This prevents financial desperation-driven fast decisions when the pressure comes, which it will.

As you said, income diversification is crucial. Bitcoin is risky yet has potential rewards. Putting all your eggs in one basket? Risky move. The idea of not obsessing over market prices is smart, but once a month may be too rare. Regular, non-obsessive monitoring can inform judgments. However, anxiety, fear, and boredom will always lurk. Success in Bitcoin's unpredictable world depends on how you manage them.
3106  Bitcoin / Bitcoin Discussion / Re: I am 19 years old boy living in South korea. Please give me an advice on: October 17, 2023, 03:00:46 PM
It's critical to realize that investing involves emotions as much as math, especially when it comes to assets like Bitcoin. You're right: Bitcoin has increased significantly since it started. To be successful in the future, that's not enough on its own. One has to look deeper and deeper into what's really going on

It is crucial to learn about the blockchain technology that powers Bitcoin. However, comprehending how people behave, how the market feels, and how international financial regulations impact cryptocurrency is just as important. It doesn't mean it will rise again just because it did in the past. Also, $100 may not seem like much, but it's your money, and every bit counts. Think about spreading your money around, learning about different assets, and maybe even asking experienced buyers for help. Remember, an investment is as much about strategy as it is about the asset
3107  Bitcoin / Bitcoin Discussion / Re: I was ripped off on: October 17, 2023, 02:45:07 PM
It breaks my heart to hear about your loss. When you use  Bitcoin, transactions are meant to be permanent. This is an important part of their open nature. Even though Electrum is a trustworthy program, it cant undo or cancel deals that have already been confirmed. Once you send the money, it's usually gone for good.

You can tell the police about the scam, though, since you have the wallet ID and the transaction ID (if your government does support the people). Because Bitcoin is pseudo-anonymous, it is tricky to track down and get back stolen money. However, police have been able to do it in some cases. Make sure you keep all of the paperwork and proof of the deal. Even if the chances arent great, its important to speak out against such sneaky behavior. Please take this as a serious warning to always check twice and be careful when you're shopping online
3108  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: October 16, 2023, 03:41:43 PM
Yes, the therapy will only be a waste if you do not help yourself. Decide on the spot where you want to stop gambling, make up your mind for your goal, and focus on it. There should be no more alteration to happen until you make it happen.

Therapy helps but will not work in 100% of cases. I know of some people who quit cold turkey without therapy but the way was not cheap either. After a gambling binge that ruined his finances leaving him in debt there came a time when he hit rock bottom and as far as I know he has never gambled again. Normally to make it on your own you have to have hit rock bottom. And to get out of them if you have had serious problems you have to be clear that you can never bet again, not even a single bet.
Agree and methods such as therapy will only eliminate the habit of gambling not forget it because gambling addiction is like someone who has brain nerve disorder who thinks too much about gambling so they cannot be 100% successful in overcoming the addiction case.
Moreover addiction can be cured without it but if gambler has the will and determination to recover because without determination and will everything will be in vain just like wish that is too dreamed of.

However everything will cost money because when an addict is determined to stop gambling he will choose or do other activities to be able to slowly forget about it and of course each of these activities costs money because some gamblers escape by having fun or traveling with their family to get started approach to stopping gambling activities.
It just that personally it would be better for me to spend the money as treatment costs for gambling addiction rather than having to experience failure or bankruptcy before I can come to my senses and decide to want to recover.
Your therapy perspective casts serious doubt on many treatments' efficacy. Half-hearted remedies wont work when a person's brain is programmed to gamble. Its like bandaging a festering wound. You're right: will and determination are crucial. Unfortunately, many lack the will, and even if they do, they fail.

But you raised a fascinating problem. Do we have to spend forever to overcome a spending addiction if everything costs money? How do you distinguish healthy recreational spending from addiction? Travel and enjoyment sound like good options, but arent they merely financial traps? Your final point - investing in treatments before rock bottom may be the lesser of two evils, but its still an evil.
3109  Economy / Gambling discussion / Re: I can’t cope on my own. What do you think I should do? on: October 16, 2023, 03:23:39 PM
Yes, that's right, the average thing like that happens indeed to those who come with the intention of being able to get a lot of wins but in the end experience a lot of defeat and it happens usually always to those who come with the intention of earning or winning. Yes, with a casino that has set up a system there where the percentage of wins is much smaller than the losses, then with that alone they should not continue to pursue victory there, even though they can prove it themselves that even though they have tried several times but the results are always more losses, I think if they don't listen to advice like this then and don't prevent it then it will only waste time and money, because according to what I have said above and you also said it that the number of defeats will be more and more, it is clear.

The number of wins and losses as long as they gamble will definitely be greater than the losses if they carry that mindset and intention, and of course I agree that strangely when they have managed to get a win I say it's not a real win because obviously they will be greedy in that condition, hoping that they will be able to win more, even though it's just an instinct of hope, and finally well all their money is gone again. That's right, basically whether or not they recover is up to them.
So they must realize that their intention to achieve many wins will be difficult so they don't need to try hard to get it. And if they stay like that, they will only experience many defeats they might never have imagined. They can accept those small wins first because they can get big wins later, especially if they get lucky at the right time. So they don't need to think about getting that big win, but just play enough and end the gambling game when they feel like they've gambled enough.

And even though using enough money can result in losses for them, they can prevent those losses from getting bigger. And of course, they still have money in their balance that can be used to gamble again another day. They shouldn't think about getting more wins if they can win because that won't always be easy. They must understand that gambling will not provide gamblers with more frequent wins.

Yes, that's what they should really realize, none other than for their own good, if they can't reach that awareness then maybe they can take advice or consider some advice from the people closest to them so that there is a little encouragement to realize. In addition, it is useless if they continue to play with the intention of finding victory there, not impossible but very difficult because obviously getting victory is much more difficult than defeat, they will be able to get the victory if they have sacrificed several or even dozens of defeats, it is very clear that if the sum is definitely greater than the loss, so it is very silly if they say that it is a victory.

Agree, we really don't need to think about winning there, just you come with the aim of having fun with a budget that you can lose or account for if you lose, that's better, because no one can predict when you will be lucky, and even though you bring a small budget if you are lucky then you will be able to get the victory that is always expected. So there is no point if you think of all the ways to get a win, whatever budget you bring does not matter, if you are lucky then you can win.
The irony is clear. In their pursuit of winning, people forget the game's spirit. Money isnt merely thrown around expecting wins. Understanding mechanics, strategy, and, most importantly, oneself. You're right. Winner and loser? Two sides of the same coin. One cannot exist without the other. This ends the debate about chasing wins.

Budget obsession also confuses me. As you noted, luck doesnt check your pocketbook before blessing you. Whats the point if not to enjoy within limits? I agree with you about luck and the absurdity of continually planning for wins. Sometimes its about being there, playing smart, and enjoying the ride, regardless of the outcome.
3110  Economy / Gambling discussion / Re: Don’t push playing more on: October 16, 2023, 03:06:02 PM
You are gradually getting addicted with gambling, I recommend you to take some weeks off gambling, find something that can make you money that isn't gambling related and work on that, oy people who don't have a good source of income rely so much on gambling almost everyday and mind you, how many gamblers around you have you seen that becomes a great person financially through gambling? The exact question that people should be asking themselves.

Why is that? Because gambling is all about luck and not many people will be proud of their gambling journey, this is why it's wiser to gamble only when you can afford the money, and also make sure you use the lowest money to gamble because the surest thing waiting to happen is you losing the money.

It's common sense to understand that gambling will make you lose money than your will win, so it's not a good path to start chasing some kind of result, the chances you have is too slim, instead find something more reliable to invest on, start a business and grow that up, focus on it instead of dreaming that you get rich with gambling.
Your remark about gambling's addiction is correct. The thing is: Humans crave instant gratification. Our minds are wired that way. Gambling capitalizes on this behavior, trapping people in a cycle of instant gratification. Can you think of many gamblers who became wealthy? Probably not. You know why? Gambling is a downward spiral for most, not an elevator.

Lets examine your luck argument. You're right. Gambling is luck, not talent. Depending on it for financial security is like catching raindrops in a sieve. Some drips fall, but most disappear. Yes, your money does that. Why not pivot instead of taking this risk? Focus on more tangible projects. A firm offers a physical product or service. You can touch, feel, and grow it. Betting on oneself and abilities? Thats the risk worth taking.
3111  Economy / Gambling discussion / Re: Possible measures to stop online gambling addiction. on: October 16, 2023, 02:49:31 PM
`

Even if you are open with this activities but can't stop to gamble then maybe its useless because you are not cooperating that's why you really need to submit yourself to them and follow the recommendation given since you will not get a aid with this addiction if you are still participating on any gambling activities. That's why the only solution here if we already experience the worst is to erase all possible access that can make us remember to gamble and have a vacation on provinces where you don't have a internet access since for sure with this we can escape this addiction and can settle up with new life we already having on. Although its really hard for affected person to adjust but once they are willing to find a solution to help theirselves everything is possible.
In addiction, submission and willingness are connected. You got it right. Without dedication and a desire to break free, the cycle continues. Why do some persist their habits despite evident consequences? Over time, brain pathways and patterns shape human behavior, notably addiction. It takes more than "wanting" to stop to break such connections.

Rhetorically, how do we assess addiction recovery desire? They acted, right? Remove any triggers, reminders, and temptations. This severe action may be necessary for some. One way is to disconnect, go to places without internet, and immerse oneself in nature. Its hard. Very hard. To overcome addiction and regain control is difficult. Hope exists with resolve, understanding human behavior, and creating the proper environment. Never lose hope.
3112  Economy / Gambling discussion / Re: The Drake's Curse. on: October 16, 2023, 02:33:24 PM
Gambling requires courage. Even when correct, you might be mistaken in this cruel world. Drake's latest loss illustrates that. Though he chose the appropriate fighter, did he fully grasp the fight? Did he anticipate fights' wild and unpredictable turns? In stressful situations like conflicts, people are unpredictable and volatile.

Given Drake's background and "The Drake's Curse" storyline, the pattern must be closely examined. Is he underanalyzing his bets? Is it just a series of coincidences that form this 'curse'? For gambling veterans, its a typical example of the need to comprehend the game, its complex behaviors, and its outcomes. Repeatingly losing such large bets indicates more than bad luck. It raises concerns, requires introspection, and emphasizes gambling's risks.
3113  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 16, 2023, 02:15:43 PM
`
They wont really be that so dumb if you do make those loan to be paid which would really be your main reasoning specially if the amount is big then it is really that safe to say that it would really be just more than enough for the said loan. You cant really blame them on the time that they would be saying that you are just simply avoiding them because you are afraid that they would really be asking some bonus or some money because you have won something significant. You cant really be able to avoid those kind of approaches considering that we are talking about money on here.
Reactions would really be that so common or be known and if you are someone who is selfish and totally dont consider out even giving some small amounts then its your choice. Its your
money then its just that your right that you will really be having choices whether you would be giving one or not.

One things for sure that on the time that you would really be making some approach again into your friends then you would really be that ignored just because
you have ignored them earlier. Not all friends would really be coming after for the money because there are ones who dont really care that much about on the money
you had won.
Large-scale borrowing has an unwritten code of ethics. Honoring the loan payback is crucial, but remembering human conduct in financial transactions is too. Emotional expectations accompany the financial transaction. If someone becomes wealthy and avoids their debts, lenders may feel deceived or used. This goes beyond debt settlement; it honors trust.

Like you said, how one manages their money winnings might affect their relationships. You have the right to allocate your money. However, ignoring former supporters might backfire. Relationships are mutual. If money changes a relationship, was it genuine? However, dont our behaviors, especially financial ones, indicate our true character?
3114  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: October 16, 2023, 01:56:35 PM
`
?The moment a person decides to make a loan, things can be very different, because that person will see if they use the loan to gamble or for whatever, I personally would not consider looking for a loan just to play in a casino, Because I see that as a Double-edged sword , so I don't see it as Correct , of course it's my way of thinking, there are people who tend to have a lot of confidence the same way , and well I'm not Capable of doing it, the most reckless players can make the difference I think that's all they can do.

Some people are very Confident in their Style of Play , but the truth is that I or there would be something like that, I think it is more feasible to risk money in futures than in a Casino , people who risk money in a casino for a loan know that that It is like putting salt in water, and that is something that basically cannot be done because things When it comes to money must be protected and it is something that must be considered at all times, this is why in a casino things must be clear about the amount of gambling, a casino Does not care where the gambler gets the money from, the casino is interested in who brings in money, because that is what it Bases its business on, on putting a bath on its customers, I don't see the rest Something else is more feasible, for people who risk their money in the casino, I don't see it as bad, each person decides how to make their money come and go, but I think that risking money that is requested in the forum is wrong, because if it is lose how will he do? You still have to pay it, you can't keep the loan just like that, you have to pay for it. When things are about how to have more money, people come up with many things , sometimes crazy, and sometimes craz very desperately , so in this order of ideas you cannot lose control, you should always do things naturally without having to risk too much, because if you lose everything , that's where it all ends.

Its shocking how often individuals confuse sound financial decisions with bad behaviors. Seriously, gambling with a loan? Its crazy. You're right: casinos feed on players' insecurities and urges. Money flow, not source, is their main focus. This is the harsh reality. Some may claim that confidence in one's style of play can help, but thats risky. Why? Because gambling with borrowed money leads to financial catastrophe.

Futures risk-taking is very different from gambling in terms of financial discipline and smart selections. Like comparing apples with oranges. While both require money, the principles differ greatly. Research and strategy underpin investment, while chance underpins gambling. As you noted, some, driven by desperation or overconfidence, jump into this abyss. Its the consequences that matter, not whether they win or lose. The debt persists. Lasts, possibly causing irreparable damage.
3115  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 16, 2023, 01:39:53 PM
~snip~
Of course taking a break from gambling is very important, especially when you are on a losing streak. And gambling is not a routine activity that must be played frequently because it will make you more accepting of defeat, and after taking a break you can return to gambling in an overall good atmosphere so you can play calmly and enjoy the game.
Losing when gambling is a risk that you must be prepared to accept, therefore play with full joy and awareness, so that you can control yourself when you are in a bad condition while playing. And don't be provoked by ambition and emotions, let alone chasing defeat, because that will only make you keep playing and lose consciousness which will make you keep losing.
And we shouldn't gamble regularly so that we can learn to control ourselves and play for fun. Even though we lose, we can accept it well and will not try to recover from that loss because it will be difficult. If we can stop ourselves after accepting loss, we can use it to rest, which will help us to reduce our emotions because of the loss so that we will not think about the previous loss.

It can be said that losing when gambling is more certain than winning because winning is very difficult. And therefore, we must understand that in gambling we don't need to try too hard so that we don't experience too big a loss. It's better for us to control ourselves in gambling so that we don't experience serious problems.
Control is the one true king in the gambling world. The astonishing amount of lives that are affected because of its absence is evidence of how important it is. Entering a situation where the cards are stacked against you and then losing control is pointless. It is a surefire way to go wrong. Admittance of defeat? Rather than the last lesson, it ought to be the first.

The harsh reality is that losing money when gambling is the rule rather than the exception. Its like trying to pour water into a sieve and expecting it to hold when you chase that fleeting victory, especially when you dont have control. It is the gambler who should be the center of attention, not the wager. Above all, its a war with yourself. Its about being aware of oneself, one's boundaries, and making sure one stays inside them. Well done for highlighting the most important part of it all.
3116  Economy / Gambling discussion / Re: Can somebody make a successful career in gambling on: October 16, 2023, 01:26:03 PM
Gambling isn't career, is there anyone can give me an evidence if you're always making money through gambling?

Gambling is only for fun, when you have more unused money that you willing to use it to entertain yourself. If you don't have money you can afford to lose, then gambling isn't for you.

I once read an article that explained someone managed to get rich from gambling, but not many people can do that. Those people gamble in land-based casinos. However, if we play on online gambling sites, I have never known anyone who can get rich from online gambling.

In gambling we may occasionally win but often we lose. And if we calculate the total then I'm sure we lost in gambling

From what I have also seen, those who got rich with gambling also eventually lost it to gambling because they continued gambling. Most who can beat their chest to say they got rich in gambling are those who either resigned from gambling and found another jobs to do and invested in it. Gambling is not the area where you constantly make profit because you rise some time and you fall at another time. The times you fall in gambling are more grievous because it takes you back to beginning as if you never won anything, that is why they say gamble as you can afford and the best is to reinvest what you got from gambling in other endeavors and not to only rely on gambling.
Gambling is unpredictable. Those brief successes? These illusions keep players in the game longer than necessary. You may climb, but those falls are awful. They destroy all development and prosperity. A cyclical pattern with brief highs and lows? They can be devastatingly permanent.

Think about the psychology. The brain wants that win-induced dopamine boost. What follows? Lows are inevitable. They last longer and are more meaningful. Its sad that so many individuals think they can benefit from gambling. You are right; investing winnings elsewhere is the best strategy. Why stay in an unstable environment when you can invest in more stable ones?
3117  Economy / Gambling discussion / Re: Which games offer the best chance of a big win? on: October 16, 2023, 01:09:46 PM
It’s rare to see big wins from gambling, except for those big whales  who bet huge amount and then win or lose after a huge amount as well. Even in slots that most of us believe that it could offer us big winnings, but in reality most of those who play slots are only losing their money, except for those who are too lucky not to lose. However, when it comes to crypto or table games, still they are luck based and skill based games too, so if you’ve gained more knowledge and skills on the games, most likely you will win as long as you also have the luck to make you win. Otherwise, relying on skills alone won’t make you a winner from gambling.

let's put it this way, big win is only possible if you are lucky and you have big bet on the line. otherwise, don't expect miracles from your games.
and if you are talking about luck-based games, then, pretty simple that big win will be based on luck. whether in slots or other card games.
Of course big wins depend on how much money you bet and also depend on luck, we never know for those who get big wins how much money they lost previously and even the wins they get may be bigger than all their losses.
Games based on luck must be supported by experience and skill. In my opinion, experience and skill have a greater chance of winning than losing and are supported by playing very carefully.
Big wins, big losses – its a tale as old as time in the gambling world. But how often do we critically evaluate what these wins truly cost? Not just in monetary terms but in the emotional and psychological wear and tear. Itt imperative to strip away the glamor and see the raw reality.

While I respect your stance on the value of experience and skill, I'd challenge you to ponder this: are these attributes always protective shields? Or can they sometimes be the very swords that lead gamblers deeper into the mire? Playing cautiously, while noble advice, isnt the be-all-end-all. True mastery comes from understanding the underlying motives and compulsions. Only then can one truly play "safely."
3118  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: October 16, 2023, 12:52:49 PM
The after effect of that mistake will be the problem in case the case manages to use their parents' credit cards or any financial access once they learn about that kind of gambling that they are witnessing from their parents. I get your point and that's valid in terms of how you should react once the kid gets that chance to use their parents' access.

It's an alarming though can be avoided if you are responsible enough not to show such kind of things, better to do it secretly or away from the eyes of those young minds.
That means we as parents must try to hide our gambling activities from our children so they don't join in gambling too. But it would be better if we, as parents, no longer gamble so that we don't have to hide our gambling activities. Kids are smarter now and need to watch what we do and try it too.

And that's why we need to be responsible by not gambling anymore. We must be able to teach our children to be responsible for their lives from an early age. And we can teach them other things that are more fun.
The impact of parental behavior on children is crucial. Children, being naturally observant, mimic and internalize what they see. Modern youngsters are smarter and more perceptive. Hiding may not work anymore. Doesnt hiding something imply a problem?

Gambling, especially addiction, can harm individuals and their families. As you said, responsibility is vital. Teaching children responsibility is important, but so is modeling it. Shouldn't we be sure we're willing to walk a route before asking our kids to? Diversifying their interests and teaching them healthier, more engaging activities can enrich their lives.
3119  Alternate cryptocurrencies / Altcoin Discussion / Re: Hardwork pays not luck! on: October 16, 2023, 12:35:09 PM
I mean when you have a good job that you love doing, then it shouldn't come as a surprise that you are going to earn a lot. Hard work happens only when you like your job, just the other night I worked until 2-3 am at least, maybe a bit more, because I was out during the day and I still didn't skip my day. Because I love my job and when you do love it like that then hard work feels easy. Think about it, assume that you are a gamer for example, you like playing games, you can play for 10 hours a day without ever getting bored, and someone pays you 1k dollars a month to do that (good money where I live) wouldn't you do that? That is just one example, people do that as a hobby, if you could make it as an income that would be lovely.

And just like OP mentions, signature campaigns and bounties do give some good return sometimes, sometimes not so much but that meant that people could make some good returns if they work hard and that is a good thing for them.
Look, loving your job is one aspect, but ensuring it brings tangible returns is a whole different ball game. Theres a certain strategy and mindset, rooted deeply in human behavior and professional investing, thats essential. Passion without financial literacy is like a car without fuel. You mention working late nights and drawing parallels with gamers. Its a great example, but what happens when the gamer faces market saturation? Or when newer, younger gamers enter the scene?

Its essential to critically evaluate where our time and effort are going. Are you just working hard or are you working smart? Are you evolving, adapting, and learning the intricacies of your profession and the industry? You talk about transforming hobbies into income, and yes, while thats the dream, one should never get so lost in passion that they forget the cutthroat nature of the professional world.
3120  Alternate cryptocurrencies / Altcoin Discussion / Re: Centralization vs. Decentralization on: October 16, 2023, 12:18:00 PM
Accumulating both centralized and decentralized assets could work together normally. We all know that we need both depending on what we are doing with our crypto funds. I personally have no problem with two of them as I already knew the pros and cons. I think centralized assets or exchange will only be used for short term while decentralized is for long term.

Mostly people store their funds in Centralized Exchanges, like we can say in an Exchange like Binance. These people store mostly their funds and most people trust it because the security system of some of them is very strong. While in Decentralized Exchanges people can only trade for low term. In this, some projects have also a high slippage which requires a lot of fees, this people mostly deny it some times. Everyone has a choice of their own, but I personally like Centralized Exchange the most, and I do trading mostly in Centralized Exchange as it is completely secure and easy to use.
There is nothing wrong with using a centralized exchange if that is what you want, after all we cannot deny that their fees are cheaper, their service faster, and I can see why traders prefer them over DEXs, however to store our coins there for the long term is a big mistake, and this is a lesson we have seen over and over again and many traders still refuse to learn it, despite knowing very well that if a hack happens to the exchange they are using the losses they can accumulate will be massive.
Without a doubt, centralized exchanges have their attractiveness. They are a hub for traders because of their reduced costs, quicker service, and more efficient procedures. However, as you pointed out, the dangers are obvious. It is a puzzle, isnt it? Why do traders always take risks with their assets? It would seem that lessons learned from the past and anecdotes of hacks and breaches would suffice.

Still, the argument persists and the cycle continues. Why are so many people voluntarily eschewing the most fundamental principle of protecting their possessions if the main objective is to maximize benefits and minimize risks? Either overconfidence or convenience could be the cause. In any case, traders must learn that compromising long-term security for the sake of convenience in the near run might have unfavorable outcomes. Even though it is a lesson that is frequently taught, it is frequently ignored.
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