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If I may add, I could also stand to include instant ramen index here, as well as the Pizza index.
Instant Ramen sales shoot up during economic upheavals and crashes as well as during expected disasters like typhoons and hurricanes, as people see the benefit of eating a hearty meal that would fill them up for hours for 10 cents a pack. As the economy becomes better however, less people buy it to be consumed immediately, and more to pack up for the stormy days. Incidentally this is also going to decrease demand around instant ramen unless you're a broke college student down to his last 4 bucks. Pizza index on the other hand is pretty linear, people will buy less pizza and more pizza stores are going to close during economic crashes (not to be confused with the Pizza index that a lot of restaurants figured out correlating pizza sales to upcoming issues around safety within the US borders). I saw this happen to most of my mom-and-pop pizza places within my area when lockdown was at its peak and people couldn't get out, as well as the economy crashing to the ground no thanks to COVID-19. It's quite hard for people to splurge that much cash when they are in hermit and saving mode so instead of opting for pizza, they might choose more sustainable options like healthy vegetable meals cooked inside the house. It's also worth noting that Pizza sales dwindle and may even become zilch in some cases when there is an economic crash, making it one of the most definitive ways to figure out if the economy's on the shitbox or if it could still recover.
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Not a day goes by without a tech company announcing major job cuts. Today Paypal and Block (both payment service providers) have announced a total of 3500 job cuts, and recently Salesforce, Microsoft, SAP, Google, Ebay etc. have also done so. According to https://layoffs.fyi, 25,000 documented tech jobs have already been cut this year. What do you think? Is it just a shrinkage and normalization after the strong build-up of the workforce during Corona or a long-term trend that will accelerate through the use of AI? Computer Science is receiving quite the heavy beating in the corporate world, with it being one of the most vulnerable tech careers nowadays. It's gone so worse that even my friends who were comp sci graduates regretted that they ever listened to people who said it's going to be one of the best careers in 2 years time, cause now they're stuck in a rut where they're given what's basically the art degree of the IT sector. Also sucks that major gaming companies like Activision-Blizzard and Riot Games have started laying off a large portion of their workforce. Riot Games being the most talked about as it started to let go of 11% of its total employees, some of which are actively involved in the production of their games and some of their future titles. Future's not looking bright for the tech world unless you're from the webapp development industry in which case I don't think you should be worried as the industry's still going strong. What I would really suggest to people who were under these situations right now and are worrying about their job and financial security is to learn new skills related to IT, not because you're going to drop Comp Sci or whatever, but because it will better equip you and provide you with the tools you need to still stay afloat even when the rest of your world is burning. Makes total sense yeah? |
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I know that there are probably rules, somewhere that I haven't looked. In general I feel like noboby has really posted Rules to Chat GPT. Of course I know its foolish to use it direcly as if you are the one who created the text/thought but what about quoting? And What about as a research tool? Chat GPT really helps to you skip the learning curve if you know how to use it correctly. It has helped me loads with simply understanding complex thought that I didn't undertand. I just made a post quoting Chat GPT and I don't even know if that was following the rules. If we can't avoid it which we definitely can't, that means that Chat GPT is veriy similar to BTC in this aspect lol. What do you guys think about Chat GPT? I'd love a Btalk Bot that has kind of like a chat GPT engine but geared direclty towards helping the users/ newbies with literally anything. Would love to see this THEYMOS! I wonder if this has been discussed?  Besides "explicitly stated" Chat-GPT Topics like: "AI's opinions on yadda yadda", I don't think there's a good reason for you to quote a language model that fetches data from other people's efforts. Even less reason to put it up as a research tool when we can't even use Wikipedia as a reliable research source for studies in the academe. Personally the reason why I think ChatGPT should be outright banned is it removes the effort and the ingenuity in creating posts that come from you all in all. Especially if you're part of a campaign and you're getting paid for it. And at the end of the day, no one's gonna want to interact with a site ran by bots, which is what effectively would happen if we're going to allow ChatGPT here. Not to mention the fact that this site was made in the first place for the sole purpose of providing educated opinions on certain topics, and debate upon those that need debating. Incorporating ChatGPT here will effectively make bitcointalk's main directive a massive flop. It's going to drive even less productive and contributing topics into this forum (I can only imagine what's gonna happen to the gambling discussion board when ChatGPT gets accepted into this forum) so all the more reasons for theymos and the gang to not really allow that in our forum. |
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Quitting smoking has two big benefits, and I've been doing it for over 3 months. And both can be said to be long-term investments, apart from long-term health, the money used to buy cigarettes can also be used to invest and I invested in Bitcoin.
In one month I can spend approximately $90 to buy cigarettes, and the price of the cigarettes I buy is around $2/pack for one pack a day and sometimes more than one pack.
And by quitting smoking, I was able to increase my regular monthly Bitcoin purchases from a portion of my monthly salary as well as $90 per month in cigarette money.
And I definitely felt a difference in my health and also saw a difference in my Bitcoin holdings after increasing my purchases, and I wish I could do it forever. Honestly, even though I don't do it, sometimes I am still tempted to want to smoke again when hanging out with friends and also at certain moments.
And the strong reason I stopped smoking was because my wife likes to nag me if I smoke at home because I have small children, and over time I decided to stop smoking. And previously I tried it several times but failed, and now I haven't smoked for more than 3 months and I hope I can do it forever because it has two extraordinary benefits. Health and can increase my investment.
There's a really famous remark amongst smokers who call people who call them out for smoking, it goes like this: "You keep telling me that I could save money if I stopped buying smokes when you can't even save money on a healthy man's diet." To which I say true. But it's even better to rub it off of people when you hear this shit and you're able to save money while you're still smoking lol. Although of course, healthy living is the key so if you could quit smoking while saving up money because of the fact that you quitted then why the hell not right? Quitting on something that does you more harm than good on the wallet and in the body doesn't just apply to smoking. I've seen people save up as much as 120 bucks on quitting Netflix yearly, substituting it instead with cheaper subscription services or outright pirating the movies and shows since none of these people care about us at the end of the day, and then using the money to invest it is an even greater example of this thing you're talking about. As we're getting even more tied to technology we get these unnecessary subscription programs that chip away at our monthly budgets without us even knowing which when compounded amounts to a large amount of money we could've used to invest in crypto or anything else. |
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I'm not one to sentimentalize over parasocial relationships like supporting a team or a certain player. After all at the end of the day unless I out myself as their superfan and I get recognized for it I reckon none of these people would even bother learning about my life let alone grieving for me when I finally die. So I don't really care for betting against my "favorite team". If I realized the opponents could give them a hard time and they could lose the game on a concrete and unbiased basis then I'd see myself betting against them. After all it's not bad to win a few games here and there even when you're gambling for fun. I'd argue that it's even more fulfilling to bet against your favorite team and then be proven wrong afterwards when they win the match. It's going to give you that sense of satisfaction knowing that you shouldn't have doubted them in the first place, or at least that's the case for me. For others this may vary, but the bottomline is that there's no tangible benefit nor harm to betting against your favorite team/player, so why bother going so overboard with fanboying/fangirling that you wouldn't even bet against them when there's good basis to prove it anyway?
I say the only thing you should really care about when you gamble is yourself, and how much you're losing. If you put in even more factors to consider it's just going to complicate things and you'd end up losing more money in the process. Set things straight and make your betting as concise as possible, even if it means "betraying your team" lol.
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But the thing is that you're going to win the same amount of games regardless of if you take them or not. And this doesn't mean I don't believe in destiny or anything but casinos have a specific amount of win-rate that they have set, so regardless of if you take the game or not, you're going to have the same amount of win and losses when the cards are laid out and your win history is tallied. You could argue that the same can't be said for sportsbooks but even that would still apply to this same logic. Most games after all are essentially 50/50 with both teams whether they're the crowd favorite or the underdog having the same chances at snagging that victory as each other. So when you bet more or less it doesn't really matter, at the end of the day you're going to still lose the same amount of money at the same frequency of events.
Plus if maximizing your bets and bet counts is what works for you as a gambler, why would you stop? Gambling isn't about winning or losing anyways and it's all about getting that itch at the back of your head scratched that begs to be sated with some bets placed. If you're ridding yourself of the chance to enjoy your gambling sessions then are you really gambling for fun anymore? Or are you just looking to earn money which I don't need further explaining, is a one way ticket to destination fucked?
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I think so too. The fact is that most casinos out there are basically cookie-cut from the interface up to the way they cater to customers. It's like they have this formula to a T which is kinda good but it stagnates progress within the casino industry, this is one of my biggest qualms for new casinos on the market. For veteran casinos I think the same thing goes, most of them have stagnated in providing users with a really enticing and rewarding perk that would leave them telling people about the casino so those people could try it out for themselves as well.
Ultimately, most casinos have cheaped out on providing viable customer service. Most of them don't offer real-time CS assistance and even if they do it's either someone who's untrained to do their work trying to assist you when they don't even know what they're doing, or an automated system that's just as annoying as it is unhelpful. The thing is that problems don't come every now and again for gamblers, every single day there's a gambler out there who's locked out of his account or encountered a bug which renders him unable to take what he should've won and casinos turn a blind eye to this instead of providing exceptional customer service. The best way to really make a customer feel taken care of and important is to make them feel your presence when the going gets tough. Not having this very important feature is a massive blunder for me.
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The only casino I saw that offered a birthday bonus to its users was stake.com casino and I don't know if they still do that. but without a doubt it was a good thing that stake.com did, I believe it was a way to encourage people to do kyc in a more fun way without pressure. I haven't managed to get this birthday bonus yet, even though I'm a verified member, but honestly I don't care much about it, because my goal is to play at the casino and have fun and profit if I get lucky, if I don't get lucky I won't either I will be sad that I was unable to make a profit. I understand very well that gambling is not something to make a profit, so with this thought I am aware that I shouldn't worry about things like bonuses
things like dreaming about big profits. the only big bonus I received was when my account was upgraded to another level, other than that I don't remember getting a very big bonus, probably because I'm not a big player and that's why I don't get big bonuses even when it comes to monthly and weekly bonus. When I can increase my betting amount, then I will be able to get decent bonuses, but I only plan to start betting with decent amounts when I make profits on my trades. For now I just make small bets. I very much doubt that there are many casinos that are giving birthday bonuses to their customers, because they would have to be giving bonuses every day to many customers and the casino would go bankrupt because many customers would play with little money while the casino would be giving them a lot of money. of bonus
Exactly what I have in mind. Far as I know they don't offer this anymore and I don't know the reason either since it would've been a real good way for stake and other reputable casinos who require KYC/AML to entice users into signing up with them. And personally I would've really loved getting bonuses like these as I think there's a good number of us gamblers who stick only to one type of casino regardless of the situation (besides getting banned of course). Perhaps it's got something to do with campaigning and how it just doesn't hit as much impact as getting instant sign up/deposit bonuses? After all you're going to have to wait for a long while (sucks to be you if you're born at the end stretch of the year) so I think this is one of the reasons why casinos stopped offering these types of things. And to add up it doesn't necessarily incentivize users to really play games and become their patron as it only requires you to stick around for a good while and maybe pop up and login on your birthday so you don't lose the bonuses. If the lack of birthday bonuses paved the way for other types of even greater bonuses and perks to be given to users, then good, but if not then what the hell lol. |
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Some persons says gambling is not an investment due to its risky levels but a game of entertainment while some persons says investments are likely to be gambling because you don't foresee the future and can't predict the later outcome.
I think I am exploring in this gambling spaces of risk bearers. While being aware about the techniques in the Ponzi Schemes of attracting the audience to invest lower amount and earns higher, the Investors runs greedily out of their emotional controls and then Invest more than they could afford to loose just because they are attracted by the returns of interests.
Now I am one of the audience (investor) who accepted to face the risk too with my own technical contrast that if it works as thought it is assumed that I won but if it doesn't, then it is assumed that I was late and has lost it.
Now, introduced to an ongoing Ponzi Scheme which I got interest on but then, I tends to know how long the platform has been lunched and the number of participants so I would know the risk level I could be, then I learnt it is about a month launched with about 200+ participants.
Drastically, I feel they are not closed to hitting the scam (platform cashes) button yet because they have less number of participants with minimum of funds in the platform yet which determines the factorizations of them considering to hit the scam buttons.
Now, the platform is programed on daily interests accumulations which can be withdrawn on daily basis depended on individuals decisions.
I already invested $20 on two of my accounts which I have also made a total of $26 in less than 3 days through the daily withdrawal methods and yet my daily interests keep accumulating and I am up to make more cashouts. Lol.
At this level, I hope if anything compromised maybe they finally hits on the scammed buttons I am of no lost but has profited. So, I awaits them to do their worse. 😆.
This is the level States of mind this gambling space has inspired and aspired me to risks bearing. By so doing, I undertake this circumstances to be an investment because it has the potential to yield incomes and otherwise, it is accompanied with a gambling system because it comes with some analytical mindsets with indictments of greeds if not in control of your emotions. So, you either not invest with what you can't afford to loose or you faces emotional breakdowns.
This is my exploit and diverse in gambling of chasing profits.
Congratulations for earning handsome money through what you're doing and I hope you keep at it cause to me having a reliable passive income avenue's one of the best things you can give yourself. But let me just tell you straight that this is not considered investing. For it to be considered as something along the lines of an investment, this has to be a somewhat generally reliable way for people to earn money, and I reckon not a lot of people like you are earning money through this method. So this alone disqualifies it from being considered an investment method. Plus what of the people who sees gambling as not a way to reliably earn money? I think it's only fair that they think so cause for the most part you can't really earn anything out of your gambling journey besides a few screws loose and probably a crippling debt if you're not careful. And the fact that this is a Ponzi scheme makes it even more exploitative as it literally depends upon the people who are under you for it to work. Soon as they realize that something's awry and the jig is up this system's gonna be toast. And what are you going to do by then? Let's just put this to rest, you can't make money out of gambling, and if someone tells you they could and you should try it you're probably getting duped into becoming a bottomline for their ponzi scheme. |
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I think I am a generous gambler (kind of). And what I mean by that is whenever I win I always treat people into something nice, but the thing is I don't just treat anyone, I have a specific set of people I am in great terms with that gets all the best things I have to offer besides treats and I gauged them from the experiences that we've been through, how they have helped me get out of a tight spot in the past, etc. So I guess I'm a generous person, but not so much that I'd give favors and treats to just anybody.
I reckon a good lot of us in the crypto world especially in the gambling sector are also like this. I could say so because we've been secluded to ourselves for the greater part of our gambling journey and unless we have made internet friends or people who we can confide our problems and stresses with, we don't really have anyone to rely upon. So when we do get people like these we kind of oblige ourselves to really give them what we have (I don't know if this is just me but I assume a lot of us in here are like that as well judging the messages) but whatever. We give when we can to those who deserve it.
In any case, it doesn't really matter whether we're a generous gambler or not, what I think counts is that we make sure at the end of the day we don't subject ourselves to bigger problems either by gambling too much or giving too much.
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The question is in the subject  I’m genuinely just curious if people are still interested in this because I believe it’s a good way to “HODL” your bitcoin. I don't think casinos still offer this kind of perk to their users and even if they do, it's massively minimal and not something that the users could mistake for being a good way to refill their bankrolls. Sites like betfury in the past where you could go as far as to even stake your money in their site for extra benefits and moolah died down because this system doesn't work for the casino setting, where people are more on the "earn now worry about the risks later" mindset rather than the passive earning disposition. With that being said I think there are upcoming casinos on the market that would offer the same thing but at the same time I wouldn't really count on these sites booming or becoming famous as it's not the flavor of the month anymore. Casinos are places to achieve instant gratification and passively earning your keep not only undermines the operation of the casino, but massively sets a precedent where people could earn from casinos, a massive mistake. I still think there's a place for this kind of thing outside the casino world though, and honestly I'd argue that you explore that instead of looking for ways to earn money inside the casino cause whatever they give you, they'll be able to take back one way or another. |
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That's under the pretense that the person you'll be co-walleting with's not gonna dupe you out of your hard-earned money. And I don't need to tell you how fucked this industry is sometimes for you to understand that 9 times out of ten hackers and scammers here will take the chance to steal your money if they are given. Plus I don't understand the appeal of shared bankrolls either, if you can't afford to take out a piece of your investment to gamble and have fun then maybe you shouldn't gamble in the first place. If it's that hard for you to even fork out a couple bucks for any reason whatsoever then I guess you should look for other ways to enjoy yourself and stop considering gambling cause personally, you shouldn't adjust to your gambling desires, your gambling desires should adjust to you as a potential gambler. I say look into other options like getting a job so you can fund a hot wallet and use that as your bankroll, or perhaps find a way to get some moolah out of your air-gapped wallet in such a way that it's not gonna pose that much risk on you. There's a plethora of choices and shared bankroll investment's at the bottom of the list.
Make up your mind broskis, this is going to work in an ideal world where no one's too evil to fuck with your money but judging by the makings and the history of this industry I wouldn't really count on people just working out of their own good will.
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The thing is let's be real here, anything that you attribute as a helpful benefit to gambling, you can get or achieve doing something else. Gambling's not this end-all-be-all unique solution for your personal woes, I'd argue even that it's nothing but a mere substitute for your real and productive hobbies when they aren't available, or you're getting fatigued from doing the same routine over and over and over again. Gambling is nothing else but gambling, you shouldn't make it any bigger. Cause that's when the problems come.
Picture this, some retard from the internet's gonna see your post and would think they can gamble their problems away or use this as their personal justification to gamble and not socialize. And what's going to happen when gambling's the only thing that they care about, you're going to subject them into an addiction they'd have a hard time getting rid of, all because you wanted to make gambling bigger than what it is.
I'm not saying gambling couldn't be a good thing, but all I'm saying is that it's not the only good thing there is. Don't make it a big deal. Treat gambling as nothing but a pastime you took when your regular hobbies just doesn't hit the spot.
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A lot of these things and you haven't mentioned anything about gambling being a massive gateway for other types of addiction to manifest itself upon the user. Especially evident amongst people who gamble on casinos, you'd see chronic gamblers eventually trying out other vices like alcohol, smoking, and sometimes even drugs cause that's the general vibe of the gambling world so to speak, and if you're not doing it it's either you're peer pressured into doing it, or you're personally pressured from tanking all those losses you took while you're revenge gambling your way into an unrecoverable financial situation.
All the more reasons to really look out for yourself when you gamble. Sometimes it's good that you go overboard let's be real here, cause even for me I oftentimes take challenges to a whole new level cause I'm not in it for the money anymore, I'm gambling for the thrill. But the fact that I know what my limits are and how I can overcome them without jeopardizing my financial situation and gambling behaviors is what would generally separate me from your regular dime a dozen gambler, and that's not just me blowing my own horn.
It's true that gambling addiction's gonna cause you more problems than you know what to deal with. But it's more important to drive the importance of actually being responsible with your gambling journey, sometimes fearmongering's not going to work.
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Let me start by asking a question that is not very much different from the topic.. In your entire gambling journey, have you ever had a series of losses to the extent you hated yourself so much for being so unlucky?I was going through reddit in the early hours of today, and came across a user who lamented bitterly through his post, of how unlucky he has been in gambling in the past few weeks, like almost a month now, he said he bets minimum, twice every day, but have not won a dime for the past weeks, and this made him hate himself so much, I sincerely felt pity for him, for I remember one time I lost a huge sum of money to betting, I felt so bad that I thought of killing myself  . So, let's share our worst gambling experiences, have you ever hated yourself so much due to lack of winnings in gambling? To what extent, and how did it end? Do you still hate yourself even now? Lets discuss. I didn't. But I did gave myself a quick metaphorical slap if I do say so myself lol. And what I mean by that is I didn't beat myself up for losing so much money cause there's already so much to be stressed about and I'm not about to lose my shit anymore just cause I drained my bankroll. But during those few days after losing myself to gambling I came upon a realization that ultimately lead me to work towards learning how to responsibly gamble. At the end of the day the only reliable companion you will have is yourself and if you beat yourself up for shit you can't really control you're only driving the issue further when you could've been using the time and effort you're given to work towards a solution. I don't mean to sound like your therapist or a motivational speaker lol but I'm pretty much just speaking my mind about what worked for me best. I know a couple of us here are not really vocal about their issues with gambling and it's not great that you're keeping it to yourselves but if you really have no plans of divulging what's going on with your lives anymore, then at the very least work towards finding a solution. Start with my suggestions and then let me know if it worked out for you. |
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Hey, look at me !! I have enough merits to became a Sr but unable to due to lack of activity, lol. I guess we are on the same boat now. I'll have to keep posting and wait at least a month, to became a Sr. Everyone have to walk this path to rank up. I was about to unload a haul-ass load of words at you at first not gonna lie lol. I thought you were mocking OP for asking for something that they rightfully deserve. In any case I don't think there's anything wrong about posting topics like that here, Meta after all's supposed to be your go-to place for anything that bugs you within this forum. There have been instances where your activities aren't being recorded for a while and it became a cause for concern amongst many, you think the people in here would get their issues resolved if we just stayed silent about it? Nope. We need the forum mods to know about what's going on, and this goes for anything that you deem is a problem. As for you Dying Soul, I really suggest pushing out more content and particularly creating compelling posts that people can resonate with. I found that to be one of the most effective ways for your activity count to shoot up. I'm not sure what the calculations are for activities and I know that sometimes there were instances of it being lately updated but if that's not applicable to you, and again, this goes for everyone who might have had this issue at the moment, then go for posting original content here. Bitcoin Discussion's one of the easiest to go through as well as economy and I find those boards way more interactive as well. |
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One of the most important factor of a successful gambler is to know when to stop, most gamblers expecially the addictive type don't even know what is stop when it comes to gambling. So it's very important to;
* Stop when your losing is now getting to you.
* Stop when you are now feeling as is you can't do without gambling.
* Stop when you have a big winning, by channeling the money somewhere else so you won't lose it back to gambling.
* Stop when you are not even winning at all, it's not your thing.
* When your losing is weighing you down, stop and restrategize .
Pretty self explanatory if you'll ask me. No need to further emphasize, would even say that your fifth point is redundant with your first, so what about that? The thing is that there's no such thing as a "successful gambler" because a successful gambler is one who can reliably make money off of his shit, and I don't think everyone here's the Scarface of whatever game they are playing otherwise casinos wouldn't be a booming business anymore but I digress, what you should be pushing for is not to be a successful gambler, but a contented one. How to achieve this? Pretty simple: - Learn how to discipline yourself. Figure out why you're gambling in the first place. Are you gambling for profit? If so, are you sure you're going to make a killing in this industry before it kills you? No? Then at the very least either quit your grandiose dreams of earning millions sitting on a poker table and reinvest your efforts into something productive, or gamble for entertainment and nothing else.
- Expect worse, Prepare for the best. Most silly gamblers assume they can game the system and win more than they can put in. Very rarely does it happen and if it does it's not gonna take time before the casino catches up to you. In that regard, always expect losses when you're gambling, but be prepared for when you win. Know how to min-max your wins and be smart.
- If you can't lose it, don't spend it. Golden rule of gambling. People, especially those in the lower income earning sector see gambling as their one-way ticket to the finer things in life. Which is false. Gambling is nothing but a way for you to let off some steam, and should only be regarded of as such. Once you make it a major part of your life, you're cooked for good.
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There's this thing called, Fundamental Attribution Error or FAE, which is a normal human phenomena where it's shown that humans will blame everything else first before they blame themselves. I personally don't know the history of why this phenomena came to be and I'm not about to school you about its origins. But this plays a large part as to why people who gamble, revenge gamble.
They'd find ways to find fault against other people, sometimes even mock them amidst their sufferings. You see someone who's pissing himself in the slot machine from playing too much, you immediately think of him as a lowlife bastard who threw his shit away for moments of gratification and a false promise of millions of dollars. But when a similar thing happens to you, you find ways to excuse yourself out of the equation. Funny yeah?
This is how the normal human being's brain work every time they are put in a circumstance, gambling just brings it up a notch. A gambler who has no control over his emotions and psyche will start and continue to blame other factors for his losses but himself. In his head he knew he played his cards right, there's no room for mistake on his end, and everything else that went wrong was not within his realm of control. This is simply false and a massive cause for why people find themselves revenge gambling. They just simply couldn't make it in their minds that the fault was theirs and so they'd continue gambling.
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Could someone please clarify the concept of insider gambling for me? I came across this term on this website, and it's a bit confusing. According to the information I found In football, insider trading could involve a player, coach, or other official using confidential information, such as team news, injuries, or other details about the match, to place bets on the outcome of the game. This could potentially give them an unfair advantage and compromise the integrity of the game. Aren't team news, injuries, and other match details usually openly available on the internet and through sports bookies for gamblers to use when placing bets?. Also, do these officials typically place their bets through sports bookies or among themselves? The term "Insider" should've been a dead giveaway for you since you're out here thinking they're talking about information that's already known across the internet. Insider gambling involves the use of insider information either deliberately or without the consent of the people you're trying to gain information from. That includes spying for secrets in their abilities and team setups for certain sports like basketball, what diet regimen their players use to be in tip-top shape so you can match it with your team's, negative backgrounds you can use to undermine their chances of being chosen to play in lineups, and more. Anything that you can get from a team either against their will or not so long as it gives you an unfair advantage compared to people who do not know about it will be counted as insider gambling. And I don't need to further explain why this is illegal and debilitating in terms of upholding the integrity of a certain game. We got people tarnishing the quality of the games by putting their personal interests over anything else. This could also snowball into match fixing since if you're that close to know some of their secrets you probably have some connections within that give you that opportunity, if that's the case then you can leverage this advantage to your favor and tempt people into playing in your favor with money. This has happened in the past and has killed so many leagues across the planet. |
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The thing is, you can't apply that advice to every position. Some assets are meant to be held long-term, while some assets are meant to be shorter-term trades. But since you're saying this in the Trading Discussion section(which is more towards trades than investments), then sure.
Exactly. Taking profits without maximizing them is just as detrimental as actually losing a position in some cases, so taking profits willy-nilly without gauging whether you can still push for more is going to be detrimental to your behavior as a trader and your holding eventually. Only thing I could really see this being applied unconditionally is in the world of gambling, and that is only because of the fact that you're literally playing with odds stacked against you so wins are harder to come by and when they do come, they pretty much come in hefty, which only makes it even more optimal for you to lock in prices. In the world of trading the only risks you have to worry about is the ones that control the market's opinion about your asset, and sometimes your propensity to take profit at every single pump. The advice is good in my opinion and it does come from a place of logic and wisdom, but as a trader you're pretty much playing with risks everyday so why not maximize how much you'd be able to bag when you're trading instead of copping every single dollar that comes by to your wallet. |
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