Gambling is legal in some countries and some countries provide government access to lottery and some other forms of gambling. In my country bookies were available for the gambling with fiat. As bitcoin is anonymous I don't think of legality, I just spend whenever I wish to gamble with bitcoin.
Your country is an open system, I think more countries today consider gambling an illegal thing. but if you notice then gambling game using Bitcoin will be easier to do, because with Bitcoin we can do the game easily and safely. we only need internet access and this can make us free to play all day. but for me gambling is just an entertainment, I play gambling when I feel stress and I never get addicted when playing gambling. Gambling is not a job, so think again because if we consider gambling as a job then we will be risking the future we have. It doesn't matter if it is bitcoins or fiat, if it is illegal in your country there is really no work around to it. If you gamble online and it is illegal even if you use a VPN, you are committing a crime! That is the only relevant information to anyone living in a country where gambling is illegal. Even if you gamble with bitcoins it doesn't matter, since the fact is that gambling is illegal then you can't do anything about it, the best thing is to just stop. |
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I think it helps with roulette a bit. Of course it depends on luck but I'm talking only about the "help". Also I think if you are a math person you have better options of being a good poker player.  Well it really boils down to what game you're going to use math on. It certainly won't help you on games that's purely luck reliant like dice and slots. Aside from calculating the money you're going to burn of course. Yes gambling is far from calculating and math is not an option when we play gambling. Gambling games rely solely on luck and that is a matter of course. If you see anyone saying that he can win the gambling with the help of mathematical calculations then it is a lie !! do not believe and use your mind! So you want to tell me that all casino owners are the luckiest people on the planet, as they allays win! You are sooo wrong.. you say "gambling is pure luck" then "use your brain"... What you mean? That you can use your brain to be lucky?!?!? All games of chance are 100% pure math, so casino owners are using math in order to win 100% guarantee. There is no luck in this. If you know what math is and how to use it, then it will help you, if you don't => nothing will help you. If math’s is that great that it can tell future with hundred percent accuracy then why you don’t just gamble and win every bet. This way you will become the world's richest person in no time, believe me. As far as the owners of the casino or gambling websites are concerned, they are the owner which means they can win all the games they play as that is their yard. They are the king of that Empire. However I don't think they gamble and nothing can predict luck or future. Look I said you will win a lotto (6 of 49) if you place all ~14mil combinations. 100% chance of hitting the JP. the problem is that the JP is smaller then the money you will put into the bet, so you will lose money, but you will hit the JP. and there is no luck in the world that will and can change this outcome. This is pure math. You calculate and you see, to have a 100% chance of hitting the JP you need ~14mil tix, then you see how much is 1 tix and if the JP is bigger you will make money, if not you lose money hitting the JP. But here no luck can change the outcome... That was my point. no matter how lucky or unlucky you are you can hit the JP using math, but the question is will it be worth it? most casinos use math to calculate this and to know what JP to put, so they never lose money. That is why it is hard to beat real casino if you play there, as they have modified the rules, so they allays win. And again this is all math and no luck. Else it will mean the casino owners can be only people who are lucky and if you not lucky you never can be casino owner, as there is no casino owner that have gone broke (from running casino properly). Though that is quite different from gambling itself. The fact is in lotto it is indeed possible to hit the numbers no matter what if you placed a bet on all possible combinations. But usually it would never be worth it to be on all those combinations as it would take more money to do so than what you will win, so no one ever does do it. This is different in games like dice or anything else, since you cannot place a bet on all numbers and you cannot do any math to actually win the game. |
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Those know it all should really stop talking. They don't know anything about cryptocurrencies and they just keep on blabbering about things they know nothing off. Worst about it is that there are people that believe them because they have some sort of influence, because some people think that traditional finance also works on cryptos. But it doesn't! It's a new age and traditional methods do not work anymore because they are outdated and not actually applicable to the new world.
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I think it really does, because I think bitcoins opens up the world to everybody. People can get paid online without the hassle of using wire transfers and other conventional methods of remitting money. Since bitcoins are quite easy to use when sending and receiving it as well as lower cost (depending on the amount though, since miner's fees are going up lately and sometimes it gets pretty gruesome to pay that much fees).
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I think it is way possible, if it doesn't hit $15,000 at least we are likely possible to hit $13,000 - $14,000 before the year ends. This is the not the end of the price pump of bitcoins because as of now there are a lot of altcoins still going up and usually the case is that the market shifts from altcoins into bitcoins which causes a huge pump on bitcoins and a big dump on alts, which I think has not yet happened. The price of alts going down is just a reflection of how much bitcoins has raised up and the price of alts still maintained their USD values.
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I have been trading a lot on poloniex for the reason that they have margin trading which is rarely found in most exchanges. But without margin trading, I would not have used poloniex since it is a bit slow and support sucks there. Anyway, aside from Poloniex, I would go with hitbtc, bittrex or cryptopia as I like their interface and other impressive features not found in each other.
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Cash it out to FIAT if you fear losses. Then just buy back whatever you want when the time comes. Either that or just buy bitcoins since I think it will always end up the best investment so far. Since the market always reacts to bitcoins then it will suffice to say that is the best investment to have in a bearish market. Also, it is best to stack up on BTC right now since altcoins are going down, when alts stop going down then you will have plenty of BTC to buy those cheap alts.
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I don't think Whale is someone who has a lot of BTC. Whale is defined by the amount of influence and pressure one has on market. Just as whales in the sea occupy a dominant position to affect decisions of other. Similarly the whale in the market is someone who has a large share of market. One cannot just say that holder of certain BTC becomes a whale.
I agree, a person can even be a whale even if he doesn't have crypto yet, but plans to buy some and announces his intent to do so. Like for example, Bill Gates suddenly announces that he will invest $1,000,000,000 on ETH then likely prices of ETH will go up or down depending on the market reaction. In that case, Bill Gates is a whale that need not use his cryptocurrencies yet but has greatly influenced the market just by his words. |
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Too bad for you mate, but that's the fee for your lesson, you will be better in the next trade, trust me.
Indeed, this is called learning curve of trading. For sure most traders have experienced a loss but that is probably temporary. You can get it back if you place your trades right and manage your risks. If you lost that much, don't do whatever you were doing again. Try a different strategy. Or sometimes you might have bought a good altcoin but just panicked and sold it. That should not be the case, it would still be better to stick to the plan of holding and selling high. |
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This is amazing!
Although we all knew that it's very possible, I never thought I'd see a live-action write up of someone actually attempting this feat!
Good job so far, and good luck for the future
Hopefully your success will inspire others to follow the same path, and provide knowledge and reassurance to beginners.
I agree, that is no easy feat indeed! Earning 50% is even hard but x10 your money? That's amazing right there. I do hop OP was able to do it, since it would likely be hard to predict the market and be able to position himself on good altcoins to buy and profit from. Though I was able to do some good trades in the past, I can't say that I am near x10 the investment. It would be fascinating to see him succeed though. |
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Yes, I gamble for fun and for some profit. I really think that gambling is created for entertainment and profit. However, gambling is addicting. So, we should learn to limit ourselves when gambling.
Satisfied with small/make sense profit or stopped as soon as we lost the money we can borne, could be the best practice to take to avoid future regret. or else if you try to double your funds at once it can hurt you a lot but if you try to gain a profit of only 10% everytime you gamble after 10 times you easily double your money thats what you should do in gambling try to get a smaller profit couple of times so that it doesnt hurt you Are you sure it could work smoothly? As the more often you play the more chance you to get lost in bigger amount. By doing that you will only delay your losing time , you might bet safer but still you cannit beat the house edge for long term. Do gamble once a month and you might could feel the real gamble for having fun . There is no assurance in any gambling because knowing that you could just gamble and experiment with your money, the risk is your enemy. You won't really know what could happen unless you have done something about it. It's all about having fun but deep inside, there is the profit. Yeah deep inside it is all about profits even if you tell yourself you are just gambling for fun. But really, anyone that is truly gambling for profit has a different outlook about gambling. They see gambling as a way of making money and the result is that they keep on depositing even if they have lost plenty already. They think in their minds that the losses are just temporary and will be regained after the next bets. Which does not happen. |
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I really don't think I am an expert in gambling and I don't believe that anyone is really an expert when it comes to gambling, because people are always losing money when gambling. The only expert when it comes to gambling is are the professional poker players.
gambling experts don't exist if there was such a thing the worlds richest man would be a gambler and not all businessmen im sure many of the billionaires do gamble but they don't depend on it for there income it just fun for most of them I agree with your point, we are all gamblers,But Could we think that we are depend on our gambling income? No, most of the gamblers will said no, because gambling give you fun, enjoyment and winning but as a income we couldn't use gambling. And about the thread, i also don't think that i am expert gambler, even this idea never come in my mind, because if anyone think that he is expert in gambling then he is living in a dream world. lol they say no because they have already got a huge amount of loss and none in order to show other people that the loss he incurred in gambling isnt high they start making claims that they are gambling for only fun but in reality that is a form of their income That's it, That is what happened. That's why people shout that they gamble just for fun. They are still hoping for profit but do not want to admit they expect profit. So they keep saying that they gamble for fun and do not care about profit gambling for fun will always get you addicted. many do say they gamble for fun but in reality only a handful of them actually gamble for fun and are also able to not getting addicted when they lose No! That is absolutely incorrect! Gambling for fun will not get you addicted, you just stated the opposite. Since most addicted gamblers will always state that they are gambling because they want to make a profit, even if they have lost so much money already they will justify those losses as some sort of temporary loss and it will be regained after playing some more. That is an addicted gambler. Unlike if you just play for fun, then you can stop at any time. |
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If you're good enough at math you can win consistently at gambling. Not at all gambling - a big part of what the math is there for is to make sure you're always in profitable situations. It will never magically make you win at roulette. But it will let you identify the games and situations you can win at, and if you stick to them you will make money in the long term.
Not really. Math cannot change the fact that most gambling games are probability based only and cannot really be affected by anything else. Once you spun the wheel there is no other thing you can do about it. It will be a win or a lose no matter if you are a mathematical genius. The only thing you will have if you use math is that you will realize that it can't help and that you know what are the chances you will win or lose in one game or in the long run. |
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Anyone who has ever been or are in a committed relationship or marriage where both people gamble? Or in a relationship with a gambler with a friend, best friend, family related etc... Knowing you are in it together is weird comforting and gives me some sort of undefined explanation.
What does that look like for you? Your experience needs to be heard.
I have never been in a relationship with another gambler, but I don't think I would like it very much. I wouldn't want to have to share the responsibility with another person because it would throw off my own game ---> nope, couldn't do it! Gambling should not be for profit really, so it would be more enjoyable to play it with friends. It's not like we can profit from it anyway, let alone consistently profit from it every game. So, why not just bring your friends with you and enjoy it with them, if you find someone as your partner and he/she also gambles that would be great since you enjoy the same interest in gambling, though just be both responsible gamblers. |
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When you guys are gambling and already doubled your bankroll, do you still play with the whole money you got or you take away half of your bankroll and start playing with your profit or not?
I would do keep first the half of my money before I started to play with my profit. I don't want to loss my money. I play it just to roll my money, but not all in all just to loss of it. I guess it depends on how big the winnings are. If it is just like 1% of the bankroll then why keep it. There is no point. But if you doubled the bankroll, keeping half and playing with the other half could be good at least you kept some of the profits. But generally, the thing is, if you profit keep it. Because the fact is you already risked the whole back roll from it, regardless if you profit or not then you placed some sort of effort for risking that amount. |
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Amazing how the sports books creates odds and lines for these events. I don't know how the thought process even goes for these kinds of lines. Like the lines for the Grammy's and similar events. Well, congrats to those who placed their bets on South Africa and of course congrats to her for winning the contest.
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I just suggest to stop a gambling, I think it could be a lesson to move doing other things other than gambling, buddy.. there are many other ways to gain profits rather than gamble and maybe if you continue to gamble, even it can adding more loses also causes more fatal.
You can tell that to the addicted gambler and it will have the same effect that beating the dead horse has. The addicted gambler is addict because they find the thrill in trying to make money from risk. However I never found it "fun" to waste my money but there are many people who think of the opposite. Even if they realize that gambling leads to more losses they keep on playing. There are no guarantees in gambling too me it looks as though you are just chasing your loss with the gamblers ethos that it has to win at some point. Hopefully you get the win but if it was me I probably would have cut my losses by now.
Chasing losses only leads to more losses. It might seem that you will get to the green soon but there will be a red streak that will happen soon to wipe away your balance. Gambler or not we have some addiction. Their is a gamble about future or just simply money. We cant really generalize gambling as just money. Some may gamble their marriage ot even their kids in exchange for a better future. So sometimes lossing something personal is more a lesson than just a money. What the hell did you just wrote here!? It makes no sense at all. It does not relate to the topic at all, and it is just a general statement about life and not really actually gambling. Yeah sure, we all gambling something in life everyday. That is true, no one can deny that. But it does not mean you can just post this statement everywhere you want! Your reply does not even relate to the previous post you quoted. It's just basically non-sense. |
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sometimes gambling make life easier just spend 1 hours in front of my pc and i can get money same like i work for a month, sometimes i lost what i earn in a month with just a few click.
how you avoid loosing in online casino, if you lost your money what will you do ? deposit more and try to recover last lose or cry at the corner of your bathtub and regreting thing you do.
And if you become addictive to gambling and try to stop what you do to distact you from gambling ( i really need advice for this one)
Depositing more money after you lost is called "chasing losses". This is one of the cardinal sins of a gambler. There is nothing worse than a gambler trying to win back losses and thinking gambling is some sort of natural way of profiting. Hate to break it to you but gambling is not for profit! It never was. Do not ever put that in your mind or you'll be extremely disappointed and poor at the same time. The best thing to do with gambling is just have fun with it. |
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If there is no law prohibiting it then it is completely legal. That is the legal rule everywhere. If your laws do not particularly ban the use or owning bitcoins then you're safe to gamble with them. The problem is that if there is a law that generally bans online gambling in your country. Then that would mean that it is illegal to gamble using bitcoins in that country. But generally there aren't much laws for it yet so we don't really have to worry.
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This is interesting, I've not seen a gambling site offer odds for this type of event yet or probably I've missed it in the past few years. I think it would really be hard to determine the candidates and the odds of each one to win, so it would be really hard to create the list for the gambling sites. But yeah, it would be an interesting event to bet on, though I don't know if there would be much people betting on it.
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