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Addiction, greed and desperation of chasing the losses.
You'd see this normally in the physical betting shop when someone who still want to gamble but has lost everything that he brought. You'd be surprise that someone is going to approach you and will sell the gadgets that he's got and even watches that they wear.
At much worse case scenario, even the branded things that they have like clothes, bags, and all of those material things. That's why it's not shocking when someone goes to that point of losing everything but just can't accept defeat and want to stay longer through means of selling their stuff.
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Many will tell you to invest into low cap altcoins because investing in Bitcoin and/or Ethereum will only give you just around 2x-3x of your gain. And another thing is that they're already expensive. If you believe what they say, you're likely to choose those altcoins that you have no idea if they'll gain or not on this bull run.
I'll just the slow gain and quite expensive one but with the assurance that I am on the safe hand on this market through choosing the ones that I've mentioned.
There's no need for me to exert that much effort into finding out the best low cap altcoins to invest because it is associated with risk and you'll never know if you happen to bump into a good or bad one.
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I think airdrops are also a way for the team to attract more investors. Some people tend to associate legitimacy to those projects who give off if benefits for free. However some you might find that the airdrops they are willing to give are so huge so we still must stay alert at all times. Airdrops are a good source of money but don’t be too blinded that you don’t see carlos anymore.
It does because it's a way to market their project through these airdrops and giveaways. That's the strategy that many project have discovered for them to have more attraction in the market. Once they've got that reputation that many have seen that they've provided successful airdrop and with decent amounts. Most investors will think that project has got a lot of money in the circulation and that's why they can provide such airdrops. But in reality, that's just part of the marketing and that money allotted for the airdrop have been calculated and the return is greater because of the exposure that they'll get from the airdrop receivers and that's like words of mouth that will scatter in many crypto communities. |
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That's irresponsible gambling when an addicted gambler disturb that are not gambling addicts and they don't have money to gamble and they keep disturbing those relatives of theirs that they're depending too.
It is a crazy thing and shameful act of a gambler when he does it and then don't have his/her own pocket to pick money for gambling activities.
Those type of gamblers should just be ashamed of themselves when they're finding some fault of themselves and wanting people that surrounds them to feel pity about them.
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In last one week, coins like pepe rose by 400% or more. There were other meme coins like dogecoin and shiba inu also growing fast.
This section is for Bitcoin Discussion while you've mentioned meme coins, I'd believe that this thread belongs to the Altcoin Discussion. Lot of bitcoin users would now feel tempted to move their funds to these meme coins for higher profit.
How can you be sure with that? I am not even tempted to jump into the bandwagon of meme coins with my Bitcoin. At such, do you think that any meme coin has the capacity to challenge bitcoin dominance ?
Nope. It's unlikely to happen as these meme coins are more with the hype and that's why you can see that it's always Bitcoin consistently have the most dominance in the market. |
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Overconfidence: Emotions can also lead to overconfidence, where we believe that our abilities and knowledge are superior to what they actually are. When we are in a positive emotional state, such as feeling confident or happy, we tend to overestimate our chances of success and underestimate the risks involved. This can lead to excessive betting and poor decision making. For example, if you are on a winning streak and feeling overconfident, you may ignore important information or ignore warning signs that indicate a potential loss.
This is one thing to remove by most gamblers. When you're too overconfident and as you gamble, you'll bring that up and will make you want to gamble some more because you're overconfident. Which means that by having that kind of feat is gonna make you to gamble as much as you can without having the need to stop because, you're having that feeling. So for you to control it, you need to remove first that overconfidence and that will give you the scare to gamble continuously when you're on a brink of having a losing streak. |
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We're on the bull run, for Bitcoin not entirely for the crypto market. I saw that meme coins have also increased yesterday and that's making everybody that we're on the bull run. We see a crash that just happened this day and another normal day on this highly volatile market. I've been telling my friends that they should buy before the halving or even after that as long as it's not yet skyrocketing. But it seems that Bitcoin breaking its former ATH would have discouraged them. It's just them and not me, I'm waiting for some more.  But based on the bitcoin halving countdown there's still almost 40+ days before the actual bitcoin bull run, so we are not sure of which is to believe but imagine this bitcoin pump is not because of bull run, maybe caused by bitcoins ETF approval and people halving too much bitcoins for the preparation of bitcoin bull run, imagine the price will bitcoin reach if the actual bull run comes, that's why I believe that bitcoin will not only surpass its previous ATH but it will set another record breaking price in the market that will open the door of bitcoin becoming the most powerful currency in the market including fiat currencies, can't wait for the bull run, no matter what I will not sell my holding until the bull run comes, I don't have much of holdings but I want to see it through until the end, goodluck for the other holders like me we may be blessed. Won't you believe yet that we're not yet in the bull run? I also believe that bull run should come after the halving but with all of the stuff that we're seeing right now. It's more than enough to believe that we're actually on it. We had a crash one day ago and the price plummeted from $69k to $61k and now it's back to $67k. Isn't this a sign of the market that we're already on a bull run? Being resilient and recovery less than a day is a sign. |
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We're on the bull run, for Bitcoin not entirely for the crypto market. I saw that meme coins have also increased yesterday and that's making everybody that we're on the bull run. We see a crash that just happened this day and another normal day on this highly volatile market. I've been telling my friends that they should buy before the halving or even after that as long as it's not yet skyrocketing. But it seems that Bitcoin breaking its former ATH would have discouraged them. It's just them and not me, I'm waiting for some more. |
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It's always different per experience of each gambler. I am not shocked to see that I am having a smooth experience and the others don't.
Too many factors to consider and we don't have different situation coming from the source of funds that we use for gambling and also the area that they're in.
To say the least, I have never experienced anything terrible with my gambling experience or I just don't care about some small slips that I've noticed as I'm satisfied at most times. If there are some complains on my end, it's always been addressed and solved eventually.
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When I've said sell, I think it is normal for each and everyone of us to have a pinch of it and sell if you ever need it. I'm not saying that those that are firm in holding should sell if they don't have to. But those that have to sell at those times if they need to, are free to do so.
I have myself ready to sell some and have a part that will be held for a very long time, no time span when I'll sell. I'm actually both, a trader and an investor and you're right about increasing fiat because I've got some needs to address and that's why I have plans of selling but not all that I hold.
When we say take something as a pinch of it/salt, it means we shouldn't totally believe on it but what you said there is not unbelievable. Hodling is not easy and we all know the people, we are always greedy about money or earning a profit. In fact, many of us can't HODL their Bitcoin even on the beginning of the bull run, like what we are experiencing now. They can't help but to sell it earlier or before it. Other than greed, there is also doubt and fear that what if Bitcoin will not recover and rise anymore? For those who only sell whenever they need money, these people are already treating their Bitcoin's like a saving more than an investment. That's true. Those that sell whenever they need to have some cash, it's their life savings as treated like their bank savings. When people say that they don't sell, I doubt it that they don't really do. We're all selling at the right time when we think it's the satisfying moment and price that we have to. Because whether we like it or not, someone has got to sell for their own needs and wants that they want to purchase. |
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There is no punishment for yourself when you break your own gambling rules. Not because you are winning meaning this will be forever because we knew how gambling fool us for making us win for a while and when we are starting to become more aggressive then this is a payback time and they will take all those winning and even your capital.
They won't literally take back our winnings. But it is us that we're sending it back to them when we're not contented with the profit that we've made as we gamble. Instead of taking care of that profit, it is what we do and gamble again because we thought that we'd win more than the amount that we already have. |
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I just wonder, since im completely new to the stock exchange
This is not stock exchange but this is cryptocurrency market. If I invest 250 dollars, can I loose them if the price goes down? Or do I still hold my share.
You still have it and just have to hold it until its back to its the same value or more. You only lose if you're going to sell at losses and that's what you have to remember. Whether you trade in centralized exchanges, or with the etfs or decentralized exchanges. As long as you won't sell and it is projecting you lost value, you still have the chance to recover with that. |
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It's not only Nigeria that experiences this. Many developing countries can't move forward because of these factors, destabilization, corrupt officials, economic sabotage and many more. Even if the citizens are patriotric and peaceful loving people.
If those factors are stopping the progress of them, they're not able to make any country they are in great. You'd see rally left and right just for these people to send their message to the government.
But people do see that these are nonsense, those that are okay with the standard of governance by any reigning government. It's hard to have these problems solved, it will take time to forever.
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Cash out is only for the weak, since I'm not a weak person, I never cash out my bet even though things doesn't looks good.
It is not for the weak but he just did it on the wrong time when he's not yet in profit but just felt that he's scared and want to cash it out. As he said, there are times that we have to follow our instincts and if we think of pulling and cashing out our bets, that's okay and put that into priority without thinking of the what ifs that shall come next. Don't let your emotion to control your decision because it's just temporary. Probably you're not think twice before make a bet, so you're still not completely sure if you won't make any change in your prediction.
I agree, think twice before you make a bet and if you have already made a decision that there's no stopping after you cast a bet. But that option is there and made by the casino for someone who changes his mind every now and then. |
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Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
I can't leave your sentence as it stands. Many of us, especially the old hands, have no interest in selling our Bitcoin and will certainly not do so. Bitcoin is so much more than an object of speculation that you can easily sell for a few dollars. The following article is very good and highlights the main points why Bitcoin is so important: Why Bitcoin is Not a Speculative AssetSince we are also in the trading section of the forum, it has to be said quite clearly that it makes no difference to a trader whether he trades Bitcoin, shares, gold or precious stones. The asset itself hardly plays a role, the market movements are important. However, the goal of a trader is usually to increase FIAT and not the asset he is trading. When I've said sell, I think it is normal for each and everyone of us to have a pinch of it and sell if you ever need it. I'm not saying that those that are firm in holding should sell if they don't have to. But those that have to sell at those times if they need to, are free to do so. I have myself ready to sell some and have a part that will be held for a very long time, no time span when I'll sell. I'm actually both, a trader and an investor and you're right about increasing fiat because I've got some needs to address and that's why I have plans of selling but not all that I hold. |
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I do try to follow patterns that seem to work for the games that I play. But I know that they have limitation and they're not going to last forever.
So, if they're working currently and you're winning some bets with these patterns and strategies. That's okay to continue them as you enjoy them to do such strategies.
But remind yourself that they're not going to last a life time and there will be more times of you losing with those patterns so, it's just basically luck if you've win and lose some.
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Yeah, don't be like that guy that have been on the market for so long but didn't able to save Bitcoin.
That's one rule when you stay on the market. You should have the desire to save Bitcoin as much as you can. It doesn't require you to have that much but if you did nothing to save then what do you call yourself?
Everyone is striving to own Bitcoin and does everything in their capacity so that they can hold Bitcoin and sell when the bull run comes on the peak or even the closest price from there.
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To me the negativity and bad vibes haters channels to Bitcoin doesn't surprise me that much, because I believe that in this life, if you are destined for greatness, there would be so many people wanting to fight you for no just cause, and I also sees it as an advertising they are ignorantly doing for Bitcoin, because the more they fight Bitcoin and discredit it, the more popularity it gains, and the ability for Bitcoin to always rally back is one of it unique futures that I find really attractive the most, cheers to all Bitcoineer.
It is no longer affecting us that we've been here for so long. All of those negativities and FUD that we've heard before, compile them all and we're no longer affected. The point is that, many newbies that have invested recently to Bitcoin. Upon hearing some bad news and FUD, they're already in panic but they're in the process so that's a normal thing to understand from them. When they don't experience that, they're not going to grow so while having these will totally disappoint them. They just have to enjoy and trust the process. |
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With your knowledges about AltCoins can you afford to advise anyone to stil invest there in AltCoins even with the tussles?
I wouldn't advise anyone with tussles. Why would I give someone to give an advise if we're not agreeing with our arguments. If he wants to hear me out then let me hear him out too. But if he doesn't obliged me to give my idea then I wouldn't do that. Much better to just remove that term and just ask if you're willing to give advises to anyone even if they're not asking for it. Did I understood it wrongly? Maybe. But it's best to give the advises to the people whether in altcoins or bitcoins that are happy to hear you out without any issue. |
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Yes you are all right and I understand my mistake.
I just have to hope Stake will understand my situation. At this point, there is nothing else I can do. I admitted my guilt and the reason for it.
For the person asking how much we bet, we were betting around $2000 per game. I don’t know exactly how many but around 20 games would be my guess. The last day we won all 6 bets which resulted in the ban. At that time I thought it was just a problem from the account. The support should have told us that they banned us because we won and can’t play again in my opinion but it doesn’t matter after all. If making a new account from the same household is restricted, then again, i am guilty.
Again, thank you all for the quick answers.
It's written on the TOS. They will say that they understand your mistake but a mistake is a mistake and you have to bear with the consequences. I just hope that whatever is in there will be refunded to you but there's no way that they'd remove the blocking. A lesson for you to bring that in all casinos, you need to read about these multi accounting and you need to take that on note if both of you husband and wife gambles at the same time. |
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