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421  Economy / Gambling discussion / Re: Luck and skill, which is more important for gambling success? on: November 19, 2023, 10:43:02 PM
I have the believe that success in gambling requires a mixture of luck and skill. This is opposed to some people that believe that gambling is entirely a game of luck and others who believe it is entirely a game of skill.

So I am tempted to inquire if skill is all that is needed to be successful in gambling or luck. Whichever be the option, which of them is the most important factor for gambling success?
First of what kind of gambling are we talking here because for me if it is betting, and card games then you would need both luck and skill to be successful on it.
But there are games that doesn't really require skills and those games only need luck and proper management of funds.
422  Economy / Gambling discussion / Re: Ever heard about financing a gambler? on: November 17, 2023, 12:49:27 AM
How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?

Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?

Have you heard of such before? What is the end result if you have?

Why would you trust anyone to gamble better than you can when it's all about luck?

Is anyone doing this on here?

Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?


Why would you even finance them?
They would just play with your money then what? if they lose that's it but if they win they earn from your money?
Seriously, what's the point of doing it if you could also gamble on your own.
They are just using the financers money and there is nothing on it for them there is no risk for them,
423  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: November 15, 2023, 02:15:18 AM
It would depend on how addicted the person is, if they are very addicted to it that it is on their mind most of the time then it would really be hard for them to quit, but if they are just playing for fun then they could just seek for other things that would fill up their needs or entertainment.
Quitting on something not just gambling would take time and effort and of course consistency, so it would all end up on the person's dedication.
424  Economy / Economics / Re: Being rich = not looking at price tag on: November 14, 2023, 12:31:38 AM
Some times it isn't called being rich but being irresponsible or doesn't manage their money properly.
I know some people who does that and they would sometimes borrow money just to make it till their next pay day.
Sometimes even if you have the money you need to know if the product is overpriced or is it really worth it.
425  Bitcoin / Bitcoin Discussion / Re: Wedding expenses and party celebrations with Bitcoin money. on: November 12, 2023, 03:26:17 PM
First of all, congratulation on both of your achievement; earning in crypto (Bitcoin) and being married.
I think most of us would agree that it would always be one of the happiest day of our life when we finally get to be tied up with the ones that we love.
To officially be announced as husband and wife and to start your own family.
426  Economy / Gambling discussion / Re: Sad reality: some countries gamble more than they can afford on: November 11, 2023, 12:21:30 AM
For me the country or place where a gambler lives doesn't affect it, it is on how they control their greed it doesn't matter if their rich or poor.
If they couldn't control their greed then it how it would always be they would always gamble more than they could afford.
Investment and gambling they all comes down to how you manage or control your funds, if you couldn't manage it properly then the result is always the same/
427  Bitcoin / Bitcoin Discussion / Re: Bitcoin Investment, Beyond "Invest What You Can Afford to Lose" on: November 10, 2023, 02:27:11 AM
I also want to put more into crypto but I don't really want to suggest it to others since it could destroy their life.
We don't know how they would take our advice, and some might really invest more than what they could afford, and we all know that crypto or bitcoin is volatile so it might end up the other way around.
There are times that people would take our advice seriously specially when they see how much we gain from doing it, and the result might be different for them so I don't want to make investment advice so lightly.
428  Bitcoin / Bitcoin Discussion / Re: How do you cope with those around you not believing in you for choosing Bitcoin? on: November 08, 2023, 01:42:21 AM
I just ignore them, either they believe me or not shouldn't affect it.
For me as long as you are doing what you want and it makes you happy and you got some people who supports you that is all that matters.
Funny how there are times that stranger would support or believe on you and those who are close or your relatives wouldn't even care about it.
I think some small business owner's had experience it, most of their supporters or buyers are people who they didn't really know.
429  Economy / Economics / Re: AI will put an end to work, says Elon Musk on: November 07, 2023, 12:54:28 AM
AI could take care some of our work to make it easier for us, but they couldn't really take over everything.
Who would maintain them and fixed them when there is a bug on their system?
Even if they could fixed it on their own there are jobs that only humans could do properly compared to letting AI do it.
430  Economy / Economics / Re: What is the right age for financial stability? on: November 05, 2023, 11:03:40 PM
Well, I hope this doesn't sound like a joke to you guys or some sort of cracked-up thread, but yeah, I mean to hear the opinion of others.

Some people, during their youthful years, live a very lavish lifestyle with the money that they are supposed to put to good use, knowing that one day they will grow old. Some people only think that it's when they are growing old, like at the age of 30 and above, that's when they must start to invest or save to invest.

Some people think that they can live a lavish lifestyle as long as they are still 20 years old, and maybe when they get to 25 years old, that's when they can start to invest for their future.

I quite think that there is a particular age at which one is supposed to have been living a comfortable lifestyle financially. That doesn't mean that someone who doesn't meet that age lives a lavish lifestyle. There's a parable that says, "All fingers are not equal." So, we understand that not everyone is able to meet up at the same time.

Although some people can experience financial breakthrough at different ages in life, some do so at 25, 30, 35, 40, and 50, respectively.

But in my opinion, I think that one is not still supposed to be in financial crisis at age 30–35. I mean, at age 30, one should be in a financial state where they can fend for themselves and their family if the person is married. The person is supposed to have had at least one or two financial sources that they can always see as reliable sources of income.

It's always wise and profitable to start saving and investing at a young age, like 18 years old.
Financial stability differ on each person, some could be matured on their early age due to their circumstances, while other could enjoy their life because they have the privileges due to their family status.
And for my opinion if we would need a specific age to start on being serious on our life it would be at our mid twenties, in our teenage years we could enjoy our life and study but on our early twenties that is the time where most of us would face some life changing circumstances like others are already having family or kids.
So in our mid twenties that is where we should make plan and see ourselves on the long term, build what we need to build not just for our own but also for our family.

431  Bitcoin / Bitcoin Discussion / Re: Would you rather make your investments in FIAT or CRYPTO? on: November 04, 2023, 11:33:49 PM
Why not have in on both of them if you could?
Invest some in crypto then start your own small business and on that business accept crypto payment, it is hitting two birds in one stone.
If you could use both of them to earn money why would you even need to ignore the other one?
432  Economy / Speculation / Re: Has anybody expected this? on: November 01, 2023, 10:49:37 PM
It already jump the question now is would it continue till the end of this year or is this just a pump and dump scenario?
I am expecting it to drop on the coming holidays so I don't really expecting it to climb higher than $40K till the end of this year, but the halving is also something that we couldn't ignore maybe it could continue to climb.
433  Economy / Economics / Re: Biting more than i can chew. How can i do better? on: October 31, 2023, 11:12:36 PM
I am a young man who is not married. I have made some mistakes in how I use money and the resources I obtain. So, I have come to share this problem with everyone in the hope of finding help and changing the way I misuse money. I have a psychological memory from my upbringing that money is earned and should be spent as long as you keep earning. I see money as something that needs to be spent. If I see something I like or desire, I buy it without minding the cost as long as I really like it. Yep. Many years of self-employment with varying monthly income were like a blessing to me since I started designing and building websites. This little money made me a bit proud of myself and where I've come. I made a lot of friends, and whenever they asked me for anything, if I had the money in my possession, I'd disburse it to them. I was happy to receive praise that I was the best friend a person could ever have. I won't forget when I started going to clubs and spending money on luxurious clothes and booking rides from one city to another.

All of a sudden, everything changed. I lost one of my most loyal clients due to a car accident. I started getting fewer job opportunities. My monthly earnings were so low that I could hardly afford anything. All the friends I had left me, with only a few remaining. That's when I realized that I could do better. It's been over five months now, and things are still not completely okay for me. But I want to change and plan for myself.

The main reason I'm sharing this topic is to get your own opinions and advice so that I can do better. I believe it's because of poor financial management that I've fallen to this level. I've been doing things that I now realize were not the right things to do because I don't have any financial stability. Last week, I felt ashamed when people see how frustrated i am because I had bitten off more than I could chew. I'm open to opinions and helpful insights to start again, but this time in a more stable and responsible manner.
The problem is your current lifestyle, I think you need to let go of it and start over again. I mean you need to live on what you earn if you couldn't afford it don't buy it, honestly I used to live like you and I am slowly getting better on my own again.
You need to know what you really need and only spend on those things, you could spoil yourself sometimes but make sure that you wouldn't spend most of your savings or money on it.
Look at your downfall as an experience and a blessing, now you know who only used you for your money and those who stay are your true friends who would stick to you no matter what, you already succeeded before believe in yourself and you could do it again, but if the time comes that you are on top again remember those who stay and support you don't be swayed by those who would only show up on your successful time.
434  Bitcoin / Bitcoin Discussion / Re: Is it better to invest or trade Bitcoin? on: October 30, 2023, 08:30:54 PM
All of us who are involved in cryptocurrency have heard and know to some extent about investing and trading.But I know that there are risks in investing and trading.To do these you need to know some basic things and gain experience.The main difference between investing and trading is the investment period, methodology, risk-taking propensity. Whether you are an investor or a trader depends on your financial needs and investment goals. Investing is long-term and involves low risk, while trading is short-term and involves high risk. Both methods can be profitable if the right strategy is adopted.
Which one is better if I want to invest and trade bitcoins.


If you have the skills and knowledge then go with trading, but if you just want to secure your money and have a low risk then go with investment or go for a long term.
For me it all depends on your knowledge and skills, you can't just go and jump into trading if you don't have knowledge on it, you would just risk your money.
435  Economy / Gambling discussion / Re: Cash out or keep playing? on: October 29, 2023, 07:13:21 PM
I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

I've often wondered how many of us can truly stop playing when we are ahead. It's a challenge because the allure of winning more can be irresistible. I've witnessed situations where a friend deposited money into a casino, faced losses, and just when he was on the brink of frustration, he struck a significant win. Did he stop playing? No, he left his winnings in the casino, only to lose it all again.
So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked
There are times back then that I would have this kind of situation, where I already had enough or contented with my profit but still wants to continue on playing.
The thing that I do whenever I had this kind of situation is I would cash out and leave some portion to continue on playing till I had enough.
Of course after I cash out I would do my best to stop on depositing more on the same day if I ever lose all of what's left on my account.
436  Economy / Gambling discussion / Re: I think gambling is inbuilt, kids don't learn it anywhere, they do it! on: October 28, 2023, 03:19:24 PM
The Australian Government once said about abolishing gambling ads as a means of reducing gambling activities amongst underage people. But, I think they'll be no successful way of stopping young people from gambling. As it's in them. Most articles here also say things like gambling addiction being hereditary. That means gambling can be hereditary as well. Because I just watched from a distant two kids below 10 years, staking bets, after a long argument about who the artiste of a specific song is. They later staked close to 40 cents each, for the person who gets the answer right. Then they went ahead to verify. And I lost sight of them. I thought about, how come or who thought these kids about betting money during a long argument. I was able to memorize, back when I was a kid. We easily said, how much would you bet if it turns out I'm saying the truth; during an argument. It made me understand that, despite during those days we had no phones or access to the internet, gambling is somehow embedded to the brain of humans. Then, as a child, we weren't exposed to gambling. I could only remember of lotto, as a kid. But we still said things like "let's bet it"
Yes now that I look back at it, most of my childhood memories consist of gambling bets not with money but with toys that we seems to enjoy back then,
Not fully knowing that we are already gambling at an early age we just think that it was a game and it is not bad since we are playing and paying with toys not with money.
P.S I am talking about cards and marble ball.
437  Economy / Economics / Re: What does being rich mean in your perspective? on: October 25, 2023, 11:28:16 PM
It's one of question which differs from person to person. How do you define richness?
For me Rich means you don't need to worry about any expenses and you could buy the things you like while not caring about the price.
You have money for emergency expenses and it wouldn't affect your other budget, you don't need to save because you have enough and earning more than your expenses.
438  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 23, 2023, 12:34:22 PM
Even though I don't live with my parents they are aware of it, since I've been gambling even when I was a teenager, and I am also open with my father about it, and there are times that I would tell him how I gamble back then.
439  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin for everyone? on: October 22, 2023, 12:37:59 AM
I am asking this because not everyone has made tangible profit for holding. Just like myself I end up selling at a loss most times just to solve a problem. Some might be lucky to buy at a low rate and within few weeks or months the price just pumps to their favour. This kept me wondering if Bitcoin is actually for every one or it is a scheme for selected individuals..
Bitcoin is free to use by everyone, but investment and trading is different from your perspective.
Base on your statement you believe that Bitcoin would make everyone successful by investing and holding them, but it doesn't work that way at least for most of us.
It doesn't work that way, the way you say it makes it sound like you are expecting every investor or trader to be successful because others could pull it up.
Do you think every business owner would succeed because they started their business?
440  Economy / Speculation / Re: Is doubling your investment more probable than we think? on: October 20, 2023, 11:39:48 PM
I think we should stick to investing only what we could afford to lose, when it comes to investment specially in crypto we all know how volatile it is.
I know that most of us have a big expectation to the next halving but for me right now I wouldn't tighten my budget just to invest more than I could.

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