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4081  Bitcoin / Bitcoin Discussion / Re: If Bitcoin is centralized, will other cryptocurrencys survive ?. on: August 16, 2023, 01:10:17 PM
Centralizing Bitcoin would be an obscenity in its perfect design.

In terms of influence: Bitcoin's massive market dominance can affect altcoins, but its more than statistics. Trust, honesty, and decentralization transform. You think altcoins can endure due of their uniqueness? Without Bitcoin's decentralization's confidence, these special qualities are worthless.

Every altcoin today was inspired by Bitcoin. How can crypto derivatives not suffer if the gold standard is compromised?

Your final point on universal acceptability Giving value is superficial. Bitcoin has constantly supplied ideals, trust, and utility, which create value. Should it centralize? The crypto world would be in chaos and distrust.
4082  Bitcoin / Bitcoin Discussion / Re: Bitcoin as good store for value on: August 16, 2023, 12:47:40 PM
Those who only want to make money from Bitcoin consider Bitcoin only as an investment platform. Bitcoin is not only an investment platform Bitcoin has many features that attract people to use Bitcoin. We consider Bitcoin as an investment platform, and we use this Bitcoin as our storage medium, and many people prefer to convert their total assets to Bitcoin, which means that no matter how you think, everything is possible through Bitcoin. At the moment, many companies are facilitating transactions through Bitcoin, as a result of which people are currently using Bitcoin as an alternative means of payment. Its often low fees in Bitcoin transactions make it much more attractive for users to transact. Considering these aspects Bitcoin seems to me to be the best digital currency.
People tend to see Bitcoin exclusively as an investment opportunity because that is their main need on the currently moment they are facing on their personal lives. They seek for profitable investments' opportunities, and since they lack those opportunities inside the centralized system they live, Bitcoin becomes the favorite alternative on the decentralized universe.

And there is nothing wrong with that. Sometimes I see critics regards those investors, claiming they should use BTC as currency, and not only as a long term investment, somehow labelling them as greedy people because of that. But I think each person knows about their own necessities, which will be different for everyone. So, the way Bitcoin is useful for you, might not be useful on the same manner for me. The important is that Bitcoin can be useful for different people in different ways.
Anyone who thinks Bitcoin's ONLY value lies in its investment potential is woefully ignorant. Do these people not realize that blockchain is a huge step forward in technology? As the first cryptocurrency, Bitcoin is the best example of this decentralized ledger system, and its importance goes far beyond just being an investment.

Certainly, centralized banking systems have shown over and over again their limitations. So it makes sense that people want to invest in independent options like Bitcoin. You're right, though; its not just a way to spend. Bitcoin's power comes from the fact that it can be used as both an asset and a cash.

To those critics with narrow minds: Maybe they wouldnt be so quick to judge if they took the time to learn about blockchain and the basic economics behind decentralized finance. Bitcoin has many uses, and each person has a different idea of what those uses are. Its mentally lazy to call Bitcoin users "greedy" just because they know it can be a good investment.
4083  Bitcoin / Bitcoin Discussion / Re: Wrong way to accumulate. on: August 16, 2023, 12:21:47 PM
Accumulation period and processes can never be measured or quantified with another since our basic income are never the same and people tends to stock gradually in respect to their monthly investment plan and this could only be possible if only the set some target, or a projection to what amount can be used to accumulate bitcoin.

There are some people who may want to speedily buy and hold since they already missed the line and this could be a challenging time for those who aren't financially stable as others and of course, there's no point competing while they knows that bitcoin accumulation only follows by your basic salary saving plan (this could be daily, weekly or monthly) but provided that you have income that keeps flowing accumulating bitcoin wouldn't be that difficult and of course, it won't if only you there a savings inform of cushion that would serve for the period of your investment.

This cushion would be as a reserved fund that would cater for your expenses maybe after when there is no active job and or work at hand to keep your accumulation process going the cushion would served a long way to keep footing for your expenditures when there is no active job and this would make you not to alter your plan or quickly haste to sell off your bitcoin without your predicted and determined plans for your holdings till you secure another job at hand to keep your investment processes going.

This depending on the amount that keeps coming by the end of the month, it could be 50$ to 1000k and as a good bitcoin investor or a bitcoiner who believes so much in bitcoin might 30 to 50 percent investment plans out from your total monthly income or basic salary, at this point also create out your cushion and reserve fund plan to back your bitcoin accumulation period. This alone will assure you a successful bitcoin saving plan and would as well last for whatever year without being in haste to cheaply sell of your bitcoin.
The whole point of accumulating any asset, let alone a game-changer like Bitcoin, is to understand the power of compound interest and the benefits of dollar-cost averaging. It's not just about "setting a target" or tying your investments to your basic income. Its about recognizing the exponential potential of Bitcoin in reshaping our economic landscape.

While your comment on the cushion fund has some merit, its a rookie strategy to ensure liquidity. Any serious investor in the realm of blockchain knows that liquidity management is paramount, but linking it to job security is oversimplifying and frankly naive. Bitcoin's strength lies in its decentralized and deflationary nature, not in how one perceives their salary

The variability of an individual's income ($50 to $1000k, as you mentioned) should never deter them from understanding the real value proposition of Bitcoin. It's about time people realize that Bitcoin isnt just another asset to diversify one's portfolio. It is THE asset that can potentially hedge against systematic financial risks, if you're smart enough to see its potential.
4084  Bitcoin / Bitcoin Discussion / Re: Bitcoin has died 474 times on: August 16, 2023, 11:16:58 AM
Bitcoin isnt the only one who does this. Critics have criticized every world-changing proposal. The rise in Bitcoin obituaries reveals that many "experts" are biased and don't understand decentralized financial systems.

Bitcoin keeps growing despite being declared dead several times, which surprises me. This indicates its strong base, rising popularity, and community support. Every time someone says Bitcoin will end, it ignores them and continues.

If you read those publications, you'll discover that the claimants are narrow-minded and have a tiny worldview. Bitcoin keeps proving them incorrect. Instead of focusing on its "deaths," lets celebrate its resurrections.
4085  Bitcoin / Bitcoin Discussion / Re: Is bitcoin best option to invest on: August 16, 2023, 11:00:27 AM
Bitcoin has certainly captured the attention of many people as a potential way to build wealth, especially due to past success stories. throughout my life… But I have the mindset of not just investing there. That is why I want to emphasize the importance of promoting financial education and diversification of investments, for me the latter allows reducing risks by distributing capital in different types of assets, which can help protect against the volatility of any market in particular. I must say that I also agree that it is essential to teach the younger generation about a variety of investment options, including Bitcoin, but also other opportunities such as real estate, traditional businesses and other tangible assets… There is some degree of security, at least from me in an investment that I can see directly, but in the same way Bitcoin is not a secondary investment for me, as I said "I have it among my best investments"..
Bitcoin is the future of money, not just an asset! I agree with your emphasis on money education and distribution. But talking about how Bitcoin is transforming the world is just as vital. Blockchain technology makes it a decentralized, global currency with unprecedented security.

Property and other traditional assets? Definitely have a place. Bitcoin and other currency are challenging the definition of "wealth." To be honest, real estate and other tangibles make it appear less essential.

Understanding how blockchain and cryptocurrencies are altering things is extremely crucial for younger people. It leads variety, not just steps. And those who don't listen will be forgotten in money.
4086  Bitcoin / Bitcoin Discussion / Re: The Evolution of Bitcoin: From Digital Cash to Global Store of Value on: August 16, 2023, 10:42:46 AM
Bitcoin started as digital cash, but you oversimplified its history. Bitcoin wasnt initially a "alternative" to traditional banking. It was a direct affront to the 2008 financial crisis-forged centralized structure.

Its impossible to discuss Bitcoin's rise to value without discussing its market collapses and recovery. This goes beyond "breaking down barriers". World recognizes decentralized wealth that isnt government-controlled and doesnt produce inflation.

Scalability and energy utilization are reasonable concerns, but its crucial to understand the distinction between Proof of Work and Proof of Stake protocols, how consensus algorithms may change, and the larger ramifications of these changes.

Bitcoin is more than a footnote in economics. It shows how resilient money is, how decentralization works, and how a group can support an idea. What about ten years? Expect unexpected. Bitcoin's function will evolve more as Layer-2 solutions and CBDCs launch, haters or not.
4087  Alternate cryptocurrencies / Altcoin Discussion / Re: People with quick rich attitude always mess up with alt coins on: August 15, 2023, 10:16:09 AM
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Most people are just too FOMO because of the hype of some coins that a bunch of people keep talking about. In fact, they are willing to enter at a high price in the hope that it will hit another high, but that is the end and time to get out and enjoy the profits. New people starting in because of the Hype want to try to make quick profits. Unspoken or unspoken coins are the best opportunity to enter, but it is quite difficult to find them, but not impossible. Altcoins that are already popular and are priced quite cheap can be an option. Like the DOGE hype that hasn't appeared yet, it could be that when Elon tweets about DOGE it will become hype and prices will continue to rise. It takes good research and observation to shoot one good altcoin that then gets hype.
Rushing in to avoid missing out is like tossing money into the wind and hoping it lands on a golden tree. Do you think investing sustainably means hopping on the train every time Elon Musk or another influential person tweets about a coin?

Altcoins like DOGE are market-driven like other products. Trusting "hype" that wont last is dangerous. Understanding blockchain requires understanding its system and technologies. What about the coin's use, growth pace, ability to grow, security, and decision-making?

Unspoken currencies have potential, but not understanding the ecosystem is like diving into the water without knowing how to swim. Power comes from knowledge, not tweets.
4088  Alternate cryptocurrencies / Altcoin Discussion / Re: I lost +$ 20k in future, advice for newbies on: August 15, 2023, 09:52:00 AM
People who think that they could do futures do not realize that one mistake doesn't just end up with you getting a lower amount, it means losing all of your bet. This is why it is more like gambling because in the end you have either zero, or a lot. Investment is normally not like that, in the investment world you put your money into something and you either get something decent with it, or you lose a bit with it but never really zero, unless you invested into a scam.

For example, if I invest into bitcoin right now, even the worst case scenario would be like 80% drop, but NEVER 100% all money gone. Trading on spot, or investing, all have drops but futures have 100% drops, which is dangerous.
Fearful or inexperienced traders should avoid futures and spot trading. You made the futures too simple. Futures contracts are risky due to their leverage, but comparing them to gambling is a mistake. A competent futures trader uses strategy, market analysis, and hedging. Gambling relies solely on luck. And the house always win

Standard investments can lose value, so no one can be guaranteed. Consider all the stocks and corporations that have gone to zero. Thinking ordinary investments are risk-free is dangerous.

It seems unthinkable that Bitcoin's price will plummet to zero right now. Its naive to think spot trade or traditional investments never lose 100%. Both future and past investments carry hazards. Managing risk is more important than blind confidence.
4089  Alternate cryptocurrencies / Altcoin Discussion / Re: Future of play to earn games on: August 15, 2023, 09:28:08 AM
What do you think about play to earn blockchain games? Do you think that video game players will one day abandon Sony and Microsoft companies for play to earn games or Microsoft and Sony will one day be forced to allow play to earn games to run on their gaming devices?
Tell me on one play to earn games thats running until now? For sure most of them had already bite off the dust which it isnt shocking. We've been all aware about that Axie Inifinity back in the past which it turns out to be once the main talks of town but in the end it did really mess up and ending up on losing players due on being unprofitable.The main problem about play to earn games is that they do lack or burning mechanisms on which the coin that been earned would really be having that infinite supply and if there are no other means on burning the tokens or cutting off that inflating supply then for sure it would really be ending up with that demise.
This is why we cant really see that much about those games nowadays and if there's one then they wont eventually be able to survive and this is something that very normal because they cant really be able to sustain.
For people who do love to engage with  play to earn without even being aware that they would be still needing to invest, so ROI would definitely vary on how much you do earn on day to day basis or something
that do talks about being progressive.
You dont seem to understand play-to-earn. I believe that games like Axie Infinity have issues, but judging the industry by one game is foolish.

Endless supply? Ever heard of inflation in long-standing economies? Every modern worker should know this basic notion. The lifespan of a token or currency depends on more than its amount. Also essential are demand, utilization, and shortage.

To ensure longevity, several play-to-earn games use complex tokenomic models. But to call play-to-earn "lazy"? That's much! It exhibits old-fashioned mentality that doesnt understand digital evolution of work and company.
4090  Alternate cryptocurrencies / Altcoin Discussion / Re: Why are altcoins important? on: August 15, 2023, 09:06:25 AM
All altcoins can become a scam at any time, even those with strong infrastructure, utility, a powerful community, a large fund and a real product. Even ETH can turn into a scam under certain circumstances.

ETH is turning centralized, so yes, there's a high probability it will become a scam in the future. I'd say there's no altcoin you can trust these days due to their extremely-unpredictable nature. If there's only one coin I'd trust, that would be Bitcoin. It's the original cryptocurrency that started it all with a proven track record of development and innovation. With decentralization at its focus, I believe BTC will last for generations.

If you're still considering getting into altcoins, I'd suggest you diversify your investment as much as possible. This will allow you to minimize risks of loss if something unexpected happens in the long run. I usually aim for coins with active development and innovation and some old ones with an established presence in the crypto/Blockchain space (eg: Litecoin, Dogecoin). Play your cards right, and who knows? Maybe you'll get lucky and strike it rich in the future. As long as you don't investment more than what you can't afford to lose, there should be nothing to worry about. Just my opinion Smiley
Calling it a “scam” based on these advancements? Thats a hasty and uninformed judgment.

You glorify Bitcoin - and yes, its decentralized and has paved the way. But let's not forget that Bitcoin too has its flaws, primarily in scalability and energy consumption. And while Bitcoin has a storied history, dont get too trapped in nostalgia.

About altcoins: lumping them all as "extremely unpredictable" is a lazy perspective. Like any investment market, there are gems and duds. It's about doing rigorous research. And really? Dogecoin? A meme coin with unlimited supply and minimal development as your "established" example?
4091  Alternate cryptocurrencies / Altcoin Discussion / Re: TRON is bad coin, here is why on: August 15, 2023, 08:44:30 AM
I also think Tron is a bad coin, but your arguments are not strong enough and fall into the logic error called begging the question (https://en.wikipedia.org/wiki/Begging_the_question). Justin is a copy and paste man. He's copying and pasting everything that's done on Ethereum and porting it to Tron, but he hasn't succeeded in anything except gambling dapps. I never hold Tron either, but sometimes I prefer Tron when transferring money between exchanges because its transfer fee is cheaper. I basically agree with you but I don't see this issue from the same perspective as you do.

Exactly. But just because Justin Sun is a "copycat", doesn't mean the project itself is garbage. TRON is still useful, even though it's not as innovative as its competitors. The ability to use it for stablecoin transfers at a fraction of the cost, makes it a winner in my book. Transactions are usually free if you hold TRON Power in your wallet. If the community takes full control of the project, I can see TRX rising all the way towards the top ranks in market cap.

All TRX needs is a lower supply, ZK-Proofs, and L2 scaling solutions to become a huge ETH contender. The project is open source, so either the original TRON blockchain prevails or a new one (fork) will take its place. As long as decentralization is put first, nothing else matters. Just my opinion Smiley
You still recommend TRON, even though it started out as a "copycat"? In the world of blockchain, which changes quickly, its important to be creative. Yes, TRON could be used to move stablecoins, but does that make it a top-tier cryptocurrency? Definitely not. Do you think its enough to be the cheapest choice to be the best? Think again

No fees when you use TRON Power? Brilliant. But a real winner in blockchain technology has to be more than just "cheaper" or "free." If you think that the community will get TRX to the top, you might need to wake up. It needs strong infrastructure, the best security possible, and ongoing improvements.

Even though your ideas for TRX (less coins in circulation, ZK-Proofs, and L2-scaling solutions) are good, they are also basic requirements for any blockchain that wants to compete with Ethereum. And dont even talk about decentralization. It's not just a feature, it's the FOUNDATION of any credible blockchain
4092  Alternate cryptocurrencies / Altcoin Discussion / Re: Do meme coins have a future? on: August 15, 2023, 08:20:05 AM
Just as the concept of "meme" can lose its humor over time, these coins could also lose their appeal among users. This is one reason why I think they may not have a bright future unless these projects incorporate more use cases and address blockchain issues. Currently, I believe it's wise to exercise caution when considering them.

All of the "meme" coins you see on the market are just "temporary trends" that will eventually become history (with the exception of Dogecoin). If you're getting into "meme" coins, it would be to make some short-term profits and built your way out ASAP. BTC and ETH are the real deal if you're looking for something that will last for generations.

Most people don't understand that "meme" coins are a passing fad, as they're only focusing on the money. They'll end up "rekt" in the long term as the hype fades away into oblivion. Who knows if in the future Dogecoin remains the sole "meme" coin actively traded on the market? Just my thoughts Grin
Not every "meme" coin comes from something silly. Remember that what most people call a "meme" today could become a powerful force tomorrow. But I'll give you this: most of them are short-lived sparks that will go out.

But it's a big mistake to lump all meme coins together and put them on the bench. Even in this category, if you do enough study, you might find some real gems. Yes, BTC and ETH have been around for a long time, but what? Even they were questioned at first.

People who are swayed by quick money might get "rekt," as you say, but painting everyone with the same brush stinks of oversimplification! And about your point about having Bitcoin: why just hold it? Adopt and embrace it; don't just hold
4093  Alternate cryptocurrencies / Altcoin Discussion / Re: Staking Coins With Annual Returns - Good Idea on: August 15, 2023, 07:56:25 AM
Buying coins for a big return is short-term. Just scratching the surface of this decentralized world. Staking can be lucrative, but its dangerous.

The 22% annual return on Osmo-USD is appealing, but numbers change quickly. Jumping between coins like "musical chairs"? A waste of time. What makes you think one wont fall before the next?

Talking about 4 high-yield coins. The important word? High-yielding. High returns mean high dangers. A fundamental economic rule. Every coin has market risks, from technological vulnerabilities to regulatory crackdowns.

However, here is my best advice: hold Bitcoin. The gold standard and first cryptocurrency. It has a lengthy history, many users, and loyalty. Bitcoin is the place to invest in something valuable and growing. Don't use these rapid money-making methods. Bitcoin is the world's most significant asset. So, stake or hold? Answer is evident to all: HOLD BITCOIN
4094  Alternate cryptocurrencies / Altcoin Discussion / Re: Do You trust Tether (USDT) Stablecoin? on: August 15, 2023, 07:30:17 AM
Well I do trust USDT and there is some good news for the top stablecoin. A US court has decided to dismiss the class action lawsuit against Tether and issuing exchange Bitfinex.

Tether did publicly said it has $3.3 Billion in reserves.  And that it is backed 1 to 1 with US dollar. If there is a coin that wins in a court case then we can trust it

https://dailyhodl.com/2023/08/06/us-court-dismisses-class-action-lawsuit-against-bitfinex-and-tether/

As long as Tether complies with the law, there should be nothing to worry about. The issuing company must do everything possible to make investors whole if a crash happens in the future. Sort of like what Circle did when USDC lost its peg for a short period of time. If there was some sort of insurance or guarantee that I'll get my money back no matter what, I'd be sold.

So far, USDT has been holding its peg to the USD with no signs of decline. It's the pioneer in the stablecoin industry after all. This gives USDT first-mover advantage among its competitors. With US regulators weighting on the industry, stablecoins will be ready for mainstream adoption. Maybe USDT will eventually replace the US Dollar? Just my thoughts Grin
To think that USDT may take the place of the US Dollar is absurd. A country's economy and military might support the USD. Whereas Tether? It is merely a computer representation of a dollar. Although USDT was a stablecoin pioneer, this does not automatically grant it the right to rule. Keep in mind that pioneers frequently open the way only to be surpassed by superior innovations.

So its wishful thinking to compare Circle's management of USDC to what Tether would do. They're different entities with different operational approaches. "Compliance" isnt just a tick-box exercise, it's a commitment to transparency and governance. How transparent has Tether been thus far?

The world of cryptocurrencies might not be your playground if you're looking for a surefire safety net. This area needs close attention and skepticism. Don't buy into flimsy assumptions.0
4095  Alternate cryptocurrencies / Altcoin Discussion / Re: How to avoid a scam project? on: August 15, 2023, 07:07:00 AM
an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).
a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.
Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.
Relying on well-established coins like BTC, ETH, and BNB without taking into account the potential growth in the unexplored cryptos. Although these titans have solidified their reputation, don't forget how BTC was once derided as "magic internet money." Time and tide do not wait for money

Its simple to repeat the prevailing wisdom. breaking new ground is more challenging. While I agree that it is prudent to exercise caution in a volatile market, it is a limited viewpoint to write off new initiatives completely since some of them turned out to be frauds. True investors evaluate possibilities rather than getting caught up in the security of the known. Take a deep breath, question the norm, and then make a choice
4096  Alternate cryptocurrencies / Altcoin Discussion / Re: How big is your optimism for crypto investment? on: August 15, 2023, 06:49:14 AM
Volatility is just a matter of waiting because you can't stabilize the crypto market and you won't get a bull market even if you want it to. Moreover, here you can't make a dip to buy the best tokens suddenly. Hence you will have huge volatility in the crypto market and if you become skilled you will get a fixed profit from trading.
Yep, Volatility is good for a pro trader.

Even the mainstream is starting to understand that crypto is the future
The addition of PayPal and the entry of more large institutions will have a positive impact on the development and legalization of crypto.
Once the approval of the spot-bitcoin ETF is open, game over for the bears. It s very close now Smiley
That's literally how they make their money. It's obvious that volatility will be an opportunity for the trader, and if you are a good one at it, then each time it goes down then you will buy it, and each time it goes up then you will sell it. This means that the more volatile it is and the more it moves the more money you will be making.

Of course it is not going to be that simple, and we are going to end up with issues that will not be that simple, but as long as we can make it happen, then I do not think that it will have any trouble at all. This is of course just a suggestion, I do not think that it will be that simple and the result will not be that easy. We need to know when to trade or volatility could also cause a lot of losses.
The volatile nature of the market isnt a children's playground! Its the breeding ground for sharp minds, cold decisions, and timely executions. You're right; that's how traders make money - buying low and selling high. But you make it sound like its as easy as buying a candy bar from a store.


Investing without a well-armed strategy is stupid. Did you think about how swiftly market sentiments change? Or the impact of macroeconomic factors on these asset prices? One wrong move, one delayed action, and you're done for!

And your "suggestion"? LOL. Its like saying, "I'm going to try jumping off a cliff, but I need to know when to deploy my parachute." No kidding. If you're going to dance with volatility, you better have a damn good rhythm, or you'll find yourself stepping on landmines.
4097  Other / Off-topic / Re: Do you gamble because you don't have sufficient money? on: August 14, 2023, 05:01:04 PM
Sometimes people are risk takers even though they have needs they will pursue their wants one example of it is those people who don't are in the middle to low class and they keep playing gambling even if they can not sustain their living from their perspective to hope to win a large amount but not it always happens in playing gambling always the house wins the game and the result is they didn't manage to hit the jackpot, lose their money and seek for a loan makes them to have debt.
In a game, of course, there are winners and losers, and if you play gambling and lose, then it is not the right solution to take a loan. This will certainly make the problem more complicated. If you have lost a large amount today, it's a good idea to have enough gambling for today, because today is not a lucky day for you, you better use another day to gamble, if you keep pushing for money loans then that will be very difficult detrimental to you.
I just think someone gambles because they need money instead of multiplying money at gambling but when they bet and lose they are looking to borrow money to continue gambling.
Wouldn't it be better if you really need money, you don't need to gamble, but borrow money from a bank or anyone, rather than having to gamble, which is not necessarily lucky to win.
So sometimes it feels strange that a gambler who needs money wants to double his money but instead throws money at gambling and then borrows money to gamble again, or does needing that money just as an excuse to cover up addiction.
But I think it because of greed because if you really need money, you don't need to gamble, it enough to borrow large amounts of money using any collateral, but unfortunately gamblers, when they need money, actually want large amounts of money to get instantly by betting, but don't remember if they need money.
But you dont seem to grasp the complexity of this thinking. People borrow money to "chase losses." The range is huge!
So players should just take bank loans? This oversimplifies money and why some people can acquire loans. Abuse is a significant part of it, but blaming "greed" for everything a gambler does is foolish.
Many gamblers comprehend risk and reward, despite impressions. Adrenaline, uncertainty, and planning make it more than money. You might need to understand more about gaming's multifaceted world and its many players!
4098  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: August 14, 2023, 04:46:20 PM
it is associated with luck and greed. I mean when someone feels a strategy or prediction in every betting session he always wins and feels himself lucky he will definitely continue to bet because he feels that the winnings he gets are not big enough and continue to chase bigger wins in the hope that the winnings can be doubled but without realizing it is breaking the rules that have been determined when planning the winning limit rules and after betting all the winning money the bet loses and loses the entire budget and winning money which ends up chasing the loss. it is indeed very difficult to be consistent with the rules that we have planned at the beginning because greed has always been the main cause in the human mind so that when betting with greater hope it will definitely lose because we ignore how gambling works the longer the bet the more the house win.

Luck plays an important part in Gambling as you would need some luck in whatever strategy you apply without luck you won't make a single penny in gambling. As of now, I am not going to say that you can earn daily $100 through gambling. Consider the fact the amount of money that would be needed to win $100 daily would suffice your win. With luck you may not need to invest money or time as with one strike you may win an amount that would end your daily $100 goal for a few months. I would still say that there are other methods through which you would guarantee to earn some money every day. Those methods should be looked into and not gambling for earning.

It's good that you use the term earning here which would be an alternative to make money on the side instead of trying our luck in a casino. Unfortunately, gambling is no reliable source of income and we can't rely on it for making a 100 USD daily profit. Even with a large bankroll we wouldn't be winning every day, there will always come losing streaks that make us lose our money no matter what. The question is here how much do we really need the 100 USD, if this for our living expenses as we don't have any source of income, then I would strongly advice against trying to make such kind of money in gambling. It would be much better to look for some part time job to start earning money. Or if we have some savings that we would be using for gambling, we could be using it for investing instead and some returns. In the other case where we don't rely on the gambling money and we just have a broader goal of 100 USD per day, then I would recommend to not look on a daily basis on gambling but rather a longer time period. For example, we could look at a target of 3k USD per month instead that we would like to reach with gambling. We need to be aware that there are always days where we are losing  and we can only try to make back the loss some other day.


Do you really think a casino operates to let you "earn" consistently? Its a den of unpredictability
If you're genuinely looking at gambling as an "earnings" avenue, you're not only deluded but setting yourself up for monumental disappointment. And suggesting a shift from daily to monthly goals? It merely prolongates the inevitable. You're right about one thing though: if you're relying on gambling for daily sustenance, think again. The financial world has countless opportunities where risk can be calculated, unlike the fanciful roll of a dice.
4099  Economy / Gambling discussion / Re: Minimum Age to gamble on: August 14, 2023, 04:34:09 PM
In my opinion, every country must have different procedures regarding the prohibition of underage gambling, because gambling is the same as trading, such as investments and losses that will be experienced by individuals, because that's why the government usually makes decisions and prohibits young people from playing gambling. as well as investments regarding their finances, and because of unstable emotions that make it banned by governments in all countries, it's different from Honkong and Las Vegas where it seems that they don't have any restrictions on underage playing gambling or other things, In my opinion, it is legal if there is a prohibition for minors not being able to access gambling sites wherever they are, at least the government has provided prevention and bad things when those who are underage experience defeat in gambling, of course there will be many things that what they do when they know gambling, what's more if you experience defeat in gambling, you will definitely commit a crime to get money and later use it for gambling.
To even compare gambling and trading is a gross oversimplification! While both involve risks, they operate on fundamentally different principles. The economic models and theories behind trading are vast and have been refined over centuries. To suggest that governments ban gambling merely based on unstable emotions is, frankly, an amateur perspective! Hong Kong and Las Vegas, by the way, do have regulations against underage gambling. To imply otherwise is grossly misinformed. While I concede that preventing minors from accessing gambling sites is crucial, I refuse to let you propagate the idea that trading and gambling are the same. They're worlds apart
4100  Economy / Gambling discussion / Re: Have you ever felt remorse after gambling? on: August 14, 2023, 04:19:53 PM
While true the problem is going from not controlling yourself when you gamble to actually do so can be extremely hard, after all those unbridled emotions they may feel when they gamble with money they cannot afford to lose are something they are not going to feel at all once they control their gambling behavior, and in that case they will always be tempted to go back to their old habits, and for someone like that it may be a better idea to give up gambling completely before they do so.
If they lose self-control while gambling, they can forget to take care of themselves and will instead be tempted to continue gambling which can cause them to lose all the money. Even though you have allocated the money for gambling today, but because you lost self-control, you forgot and used all the money instead. That is a mistake that we must correct immediately so that it doesn't happen again in the future or when we gamble again. We must be able to resist the temptation that comes in the form of attractive promotions provided by casinos, especially if we really want to limit our gambling time.
I think any gambler who actually claim to have set aside a certain amount of money for gambling, and then later on go ahead to gamble past the money he or she has set aside, i personally assume that such gambler never did set any money aside for gambling in the first place, yes i do agree that losing self control can cause a gambler to gamble above limit, but to the extend that such gambler will not know what he or she is doing, A gambler who loses money to gambling and come back to start regretting is not but a kid, and kids aren't supposed to be gambling, they are supposed to be in school studying.

Don't miss understand the point or where I am coming from, there is a difference between staking much more than one can afford to lose in gambling, and regretting after loosing the money, from playing normal gambling and losing, then regretting, for the former, the regret is understandable, but for the latter, the gambler before engaging in gambling should have known that its either a win or a loss, and which ever comes, the gamblers should take it wholeheartedly.
I'd bet you've never been on the front lines of a casino floor, feeling the tension, the adrenaline. Its not as black and white as you paint it. Yes, there are gamblers who act immaturely, but your harsh judgment of their decisions is entirely baseless. Economically, the value derived from a gamble isn't just monetary; it's experiential. And to just throw around terms like "kids" to belittle them? That's low. You ought to walk a mile in their shoes before throwing stones.
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