always separate the money for gambling after that you just have to control yourself so you wont spend more if you lose all the gambling money.
It is a good way separating your money from gambling and other expenses. But it does not avoid the chance of losing all the money you set aside. So it's not a guaranteed safe method for gambling but it is a method where you have control with your money. Or if you really have control at it if you know what I mean. That is the standard practice in gambling in order for you to discipline yourself. Only use the money intended for gambling and never the money that is intended for the needs of your family, if you lose your money for gambling then stop and never do chase using the money for your needs as the real problem will start. Its easier to say than to do. I don't know any wallet that separates their btc for the one in gambling and for the one for saving. I am just assuming that this talk is for btc because we are in a btc related forum. Having transactions and confirmations faster makes it hard and tempting to a losing gambler. Saving btc might not be easy unless you withdraw the other portion you save to fiat. Well, I actually have several bitcoin wallets - some for gambling, btc savings, exchange, and the like. It is really easier this way if you have multiple bitcoin wallets so that you are budgeting smartly your bitcoins. |
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There's actually nothing wrong with loving money because that's what motivates us to work hard and reach for our dreams. The only wrong thing is if the way you get the money is not effective to you like getting your money in gambling which is very difficult and could result to gambling addiction.
Well it is OK to have money and to work for money but to love money more than GOD or yourself then that would be a SIN cause to love money is to love material things and these cause human flesh to Sin against GOD! if you are reading the bible you will know what I am trying to say and if not then I think I was the only one thinking that gambling is wrong and loving money is evil. It is not necessary to combine God and money. This is the concept of incompatible. The fact that God is in our soul, and the money is needed for the body content. Money to earn the right way is better than doing something bad for the money. Here it is necessary to conclude that we do not live for the sake of money, and are working to get the money to live. That is for a very simple reason that we cannot take our money when we pass away, money will only be good when we are still alive and we have the opportunity to enjoy it so we need to make use of it properly and obviously do not use it for bad activities that would ruin our life and the life of others. Life is not all about money. However, we really need money to get and buy what we need and want. If we have excess money, it gives good feeling to share it to people in needs like buying some food for the homeless and the like. There is nothing wrong in gambling though as long as you are only using money that you can afford to lose and that you still have money left for you to spend for family, tithe, charity, savings, investment, and etc. |
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In my opinion, the player become addicted in gambling because they want to earn money in fast way and they want to return their money or bitcoin invested in that gambling.Example this scenario, I win in my first try and I want to get or grab more prize.This scenario is the first symptoms that you become addicted in gambling.
usually, we only get addicted on anything when we habitually perform a certain thing - so with gambling, you only get addicted when you habitually gamble most of the time every single day. However, if you only gamble like once a month in less than an hour, then it is just for fun and not addiction. |
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Hello
Gambling does make people cry a lot at times. When you hit 0.01 while you were betting higher than 0.1 and going all or nothing, it can be seriously painful.
One should know when to get out early while still on a winning streak. because ultimately the house always wins.
Good Luck!!
This is definitely true. Know when to stop and when to play is the key. Have some realistic profit goal first before betting and when you reach that, stop betting no matter what the impulse may be. |
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Many would say that investment is a much better option than gambling but i would go for gambling because in gambling i am not depending on any third party for the profit or the result to come.Also return in gambling is much quicker,we get to know whether we won or lost in some time where as in investment alot of patience is required.
But in gambling, the odds is always against you. And you cannot rely on it to give a steady profit. There are more chances that your money will turn to zero than it winning. But in investing, you can manage all the risk. Investing in a really good company will give you a steady income. How can you believe that thing, if you keep on playing it I am sure it will against you and most probably you will lose it but if you only play once or may be couple of times, there is no way you could lose it. There is no way you can know particular company will give you steady income, some trustworthy company that give you stable income have possible or chance to scam you too. There is no guarantee you will earn in every way except working but still I prefer to do both rather than to choose each one of them that is right, there is no guarantee of earning whether through gambling or investing. it is a risk and if you take that risk, better use only assets of yours that you can afford to lose otherwise, it will surely ruin your life. the best thing to do though if you really want to venture into either gambling or investing or to both, is to do homewok first about the workaround of the two so you can mitigate the risk and have chance of profiting. |
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I buy Bitcoin when the price is low and if I can afford them at the moment because at some times the price can be a little high.
So I do not buy Bitcoin that often only when it comes out.
yeah I think everyone has different observations for the price in the market today. but I think compared with the price of bitcoin few weeks ago. the current price is relatively small. and I think now is the right time to buy bitcoin Yes. Because it just toom days for it to move so quickly. Didnt even need a week to fall down. That is the good thing in bitcoin specially when you did make the right decision while it is up. Bitcoins price now is very on a good fluctuate today that is why if you are planning to buy bitcoin today. Then today is the right time to buy, because for the next months and years the price today is not going to be seen again. And you just need to keep on holding it until the price is going to be at the top and you are going to earn good profit out of it. As long as the price does not touch to $600 yet then it is a good timing to buy. The price now is very cheap if you believe that we will achieve a good price this year like $1,000 or more. It could happen maybe because the halving has happened this year. The halving will have big effect on the bitcoin price. After the halving in 2012, the price rose 50 times in 2013. We have not experienced the effect of halving yet, but we can see that in coming months as price is going up now and it will be much higher in the end of the year. the halving priced in before the actual halving event thats why the price doubled during the past months, there was no other reason for it to grow Price went high before halving only because people felt that price will touch all time high at halving and everyone started to buy it like crazy, but I feel this is also a good time to buy some coins. That is right! I agree that now is the best time to buy some coins because the price is done compared to few weeks ago and it has a potential of bouncing back again up in price. If you buy though coins bigger than the current price and you are still holding, you are not actually losing at all unless you start moving it. |
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Well, both. Im using my bitcoin as a currency in the way that im using it to pay my bills and also to buy some of the things I want. And also as an investment to earn more money by investing it into some of the trading sites online.
This is nice. I am certain (correct me if I am wrong) that you earn a lot of bitcoins every single month because it seems that everything revolves with bitcoin - like: you use it to pay the bills and even invested some of it in some trading sites. |
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I am a lover of gambling so I can not say that I am in it completely for the money. I have fun doing it and thats all there is too it for me.  Well most of us are after the money, but if you are going to focus on it and you are not going to have fun as you gamble you are going to miss the chance of enjoying it. So, it is better if you are going to enjoy as you gamble so that whenever you lose then you are just going to say to yourself that you enjoyed playing and its fine to lose. While the motivation for gambling varies greatly among people, for most of the people it is primarily a source of exciting and profitable . Trading altcoins is gambling in itself since it's enveloped in risks and volatility. profit is the main reason why people gamble, excitement is not the main reason to be honest, in my opinion it is better not to gamble then If you know what you are doing when gambling and is disciplined enough to follow your pre-planned betting even if it has few profits per session, then you are good to go with gambling. Also, if you are just playing it for fun and for a short period of time only like 1 a month for 1 hour, then you are still good. |
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Exactly what the title says.
If bitcoin dropped to the price of a dollar (which we hope it never will), what would you do? Buy more and hold, sell? Buy a promising altcoin like ETH?
I personally would buy more bitcoin.
For sure I'd buy more btc, but not too much, because if it dropped to the price of 1$, it could easily drop lower, than that, so it's quite risky. buying like a thousand dollar worth of bitcoins - that would be a thousand bitcoins - I don't think so it is a big risk at all. If the price rise even for a dollar, you already have 100% profit and if more, then you get more profits  In this scenario where bitcoins will be worth a dollar each, it would be the best time to buy it and never worry if it falls the price because if it falls, it falls only up to a dollar. Unless you buy a million worth of bitcoins then that would be a different story. |
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Yes girls also gamble.However the number of participants is pretty low.
But I know some and a few of them are really good.
What all have in common is they just do it for fun. Men however often take this very serious, especially when they've lost.The girls instead just say that next time it will be better and that's it.
I think that statement is too broad, I'm sure there are also women who take it very seriously, there are also women that play professional poker, I seriously doubt that they don't take it seriously. In short, when it comes to gambling, it is safe to say that gender doesn't matter at all - what matters is how a person look at gambling whether just for fun or doing it seriously for a long period of time. |
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hello, I would like to try my luck from gambling.
what kind of gambling that you think is easy to make a profit? and what strategies are you using?
playing dice sir but you must be carefull and clever it's really easy, it is easy to lose as well. This way is good enough if you have a lot of funds and short-term play, do a few clicks, and taking advantage about 10%. Yeah, this way is very good and very profitable. But I'm sure everyone who uses this way will surely experience boredom and ultimately greed they control themselves so that all the money had long been collected will be lost within seconds. Better while doing gambling control yourself or make plans for all we will do in gambling. for if we cannot control ourselves then how will not be useful Totally true! Most of the people get bored with just few winnings and then they get greedy. Lesson is, better to have profited some small profits because after all it is still profit than losing all of your bankroll in minutes or even seconds. |
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Luck is inconsistent all the time we know that. There is really no any safe methods in any gambling now and then, we can't figure it out if we will win. Don't think about the money when you are playing, just enjoy and have fun.
That is right. But if you want to play seriously and fr longer period of time, creating more sessions and have pre-planned betting is the best way to go. Otherwise, yeah.. always think that it is just for entertainment and only use money that you can afford to lose. |
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I do not have an experience to gambling.
But based on my understanding, it is not totally bad or wrong.
It depends to someone who plays it.
Thats the baaic form we can actually called for gambling and thats gambling is totally fine and i dont see either some wrong for it. For legal aspect, if gambling is illegal in your country, so gambling is wrong. If not, it is not wrong.
For religion aspect, Christians and Muslims consider gambling is wrong.
Our government could be wrong on the other hand of making gambling illegal, they should make an exception for those who are not minors to play gambling because that is our privilege to enjoy and we take the full responsibility of our actions. How could you think government is wrong For treating gambling as illegal? I do agree with them since gambling is destructable for those people who easily get addicted for these things and these is just a simple warnings since it can give bad effect to anyones life, and their are other syndicate whos making illegal underground gambling so theres nothing wrong for making it as a law or pointing it as illegal hobby. Those gambling that is done underground are the ones that are illegal - there are government approved lotto games and some other gambling that is designed for entertainment. It only exists in some countries, I see that most countries in the world it prohibits gambling. Because with the advent of gambling their economy could be distracted because there is no control. And also the gambling is indeed just for entertainment, but all people are misinterpreting so it is ruining people's lives. Gambling is not wrong, but should be mandatory and blame are the people who do it That is right. In the advent though of new technologies and the creation of bitcoins which can easily be use to play in online casinos nowadays, It would be tough for the government to control people from gambling. I guess the best thing we can do is spread the word that gambling is indeed for fun and use only money that you can afford to lose. Government may also require gambling sites to post words that will be visibly seen by players that gambling is just for fun and only use money you can afford to lose - just like what other governments are doing with pack of cigarettes where they include pictures of cancer patients swelling body parts due to smoking. >> If we can't stop, join them. |
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Was planing to invest on a gambling site since they said its a gauranteed profit since the house can't lose but I'm still skeptical about it, i don't have much BTC so I have to make sure whether its going to be profitable for me. What possibilities could happen to the gambling site i wanted to invest into and how am i going to lose my investment in such a manner?
Even if the owners of the site are decent people they can be robbed and then you'll lose your invesment. I suggest you to invest only what you can afford to lose. You won't make big money this way but you will not lose much of your money either. That's not the only risk, there's also variance, if the casino loses funds on the short term, you'd also be losing part of your investment. You won't have this problem so much if there's a maximum amount to be won depending on the sites bankroll. Gambling is not the only one to invest and your right its too risky but for me its better to invest our bitcoin in trading manage your bitcoins in altcoin is better because its less risk than gambling.. Trading is far away better than gambling even trading have a risk but not as high risk in gambling. The wise decision is you would choose to invest it to trading because you would possible to earn bitcoin in the future if you know how to play trading. it is wrong to even compare trading with gambling. trading is for earning money and making profit. gambling is for having fun and playing games. you can earn a profit with gambling too but that doesn't make gambling an investment. besides this topic is about investing in a gambling site's bankroll so you become a partner and it has nothing to do with either gambling nor trading That is right. If you are doing the right thing with trading then you will profit otherwise you will be also losing all. It really pays to study first how you are going to attack trading and gambling. Otherwise, you will lose all your hard earned money that you invested or gamble. |
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I am prefer to gamble we can manage itself
but if we invest we cant manage it also we can lose profit anytime
I believe we can both manage our investment and also our bankroll when gambling. This is a matter of skills and knowledge that we need to learn beforehand we venture into gambling or investing. If we have that right knowledge and skills, then we are good most of the time than having no knowledge and skills at all. It really depends on the person on which thing she/he want to do and what he choses. Yes we can do both if we have control and have a strong self discipline on managing your funds on certain things and you have the control when to stop and when to proceed in any situation might happen. There are people that are really good at doing many investments and at the same time gambling. They are just exceptional. There are alos trying hard and end up losing all of their assets. I guess the key here is to do your homework first before venturing to either gambling or doing investment so that you will be prepared and have a real look at how you are executing it and its outcome. |
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greed and hope are the reason for distruction in case of gambling. first we hope that we can win then we do win it then we gets greedy an wins more then we loose.then again we hope we can recover our losse and we became greedy again and we losse all
you can't say this generally about everyone who is gambling. i agree that there are some who are playing like what you said but that is not everybody and not even the majority. many are only gambling for the fun of the games and only because they enjoy the game and also taking risks with their money. also there are many who are professional gamblers like those poker players you see in Las Vegas Poker Tournaments that are making million dollar bets and earn a lot of money from gambling. That is right. Each of gambler has its own reasons why he is coming back. This what the question of the OP and I guess we shall not answer it as if it applies to all. It should be answered as to individual reasons of coming back. |
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The safest way to gamble is to withdraw after you won so good amount (don't be greedy) and not try to recover if you lost, just accept it and move on.
That does not make sense when in the next day you will still play in gambling, remember that you cannot win all the time so there is a chance that you will lose in the next session, I think you just have to stick with your plan and learn how to control in gambling. i agree with his opinion about to withdraw the whole winning amount , indeed you will get back to play but at least you will not risking the past winning amount , you will just start back to 0 , for example won 10 btc with 1 btc bankroll , withdraw all and deposit the next day for 1 btc only , i guess it was what he means . That is right, that must be how he meant it. But you know what, before that I have no sessions creations and some strategies in placed, it was really hard to withdrew when you are winning because you feel like that you can still win more.. That was the feeling and excitement. But I really learned my lessons the hard way after I lost 2btc overall. |
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Gambling made me to cry many time specially on the day when I made 1.3 BTC from only 0.01 on Primedice. After that a thought of withdraw came into my mind but I refused to do it. Then I played 10x with 0.0022 Base bet and increased 0.001 every time sometime by 0.004 until by base bet came to 0.08  I got panicked and started doing crazy betting and lost that amount in 2 min  Yeah, I've done this before in primedice! I started with .002 and made to .0135 and then thought of withdrawing but di not and lose in a matter of minutes. I thought I was bound to go to 1 btc but proved futile. |
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I don't use PayPal anymore since I began to use Bitcoin. It is now almost a year and some months when I completely said bye bye to PayPal. I was also facing problems as there were too many unnecessary regulations. Bitcoin is just better by all aspects without comparison at all. It is injustice even to think PayPal is even near to whatever Bitcoin offers.
That is right. Paypal can hold your account to freeze or under limitation if they found some irregular transactions you have - in bitcoin wallet, there is non - zero questioning at all. That is the best thing with bitcoins. But I still have m paypal account though to receive some money from my clients and buying online stuff that not accepting bitcoin yet at the moment. |
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well there's really no sure profit from gambling so i do it just for fun and to relieve stress. i don't know how to make profit from gamblisg as it requires a lot of luck for you to be able to profit from it.
I think everyone playing gambling for profit. although the aim for having fun, you still seek to geta profit from it, and when you win, it is fun. very agree with you gambling only fun if you won and because i will not lie to myself even though i start to gambling with small amount but if i'm lost that would make me so pissed If you get disappointed after loosing then I think you should not gamble at all, as there are many other ways to have fun in real life, gambling is not only way to have fun. I gamble for fun, but I also feel the same. when I lost, I would feel a little sad, but if I lose in big amount. if I lose a small amount, I do not care. yup, because if you just lose what you can afford to, it is easy for us to move forward into it. But if we lose all our money it is hard for us to accept it so we are eager to get back all what we have lost which is too impossible to do it. Because gambling is very risky and we cannot control if we lose or win in the game. That is right. If we couple it (only gamble what we can afford to lose) with some strategies and sessions, then we are good to go with gambling. Otherwise, if we just gamble randomly and use all of our hard earned money, then we are destroying our lives in in just few seconds after betting and losing it all. |
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