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441  Economy / Gambling discussion / Re: Don't make your bets when you're tired on: April 11, 2024, 07:52:48 AM
Totally, Many forget about investing on sleep and usually cut their sleep time just to increase their time to whatever they are doing while in reality you can be more productive id you sleep properly because your brain can function properly in speedy manner.

I have a terrible experience on gambling while lack of sleep due to my flu that time. I almots loss all of my life savings because I easily become tilted to chase my losses due to lack of rest from my flu. I’m just lucky that I’m able to win that time but the experience of almost losing evejust because I can’t think properly is terrible.
Due to the huge pressure society puts over our shoulders, more and more people are beginning to think of sleeping as a waste of time, and they prefer to spend their time doing some of the things they want instead of sleeping, but what they do not realize is that by systematically cutting their sleeping time, not only they are reducing their life expectancy, they are also reducing their quality of life and what they can achieve when they are awake, so it is important to sleep as much as we need, that way we will be able to take the best decisions possible when we need it.

In my opinion, this problem depends more on their level of interest in gambling itself, because clearly if they are responsible gamblers who have a correct understanding of all the positive and negative aspects that can be caused by gambling then I am sure they will not dare to act excessively, such as not placing any limits, especially in terms of time, which in the end, as you said, there is a big possibility that they will prioritize their time for gambling rather than resting.

So the point is, in my opinion, what must be addressed first is to justify your understanding regarding gambling, we must understand that gambling is an activity that can pose a very high risk if you have the wrong approach, meaning that your understanding must be immediately changed and must be prioritized. Risk management rather than pursuing victory is actually always about uncertainty, because when you have the correct understanding and rational recommendations, it will be easy for you to improve the quality of your life.
442  Economy / Trading Discussion / Re: Why technical analysis is not reliable on: April 11, 2024, 06:31:51 AM
Why do we think the technical analysis would be reliable when their are other analysis we can use to trade in the market.
Many people feel like if they don't use the technical analysis, they will not make money from the crypto market.
We could even make more money without using the technical analysis so we just have to understand the analysis we are using in the market because this would help one to make more profits in the market.
Using technical analysis has proven its usefulness in trading, but using it solely will not guarantee positive trading results. The best solution is to incorporate it with other trading methods and strategies so that there will be bigger chances of winning such trades. However, not using technical analysis in trading and just stick to other methods might also create an unsuccessful trade, that’s best from my own personal experience.

That's right, actually technical or fundamental analysis
it is indeed useful and useful to help us in terms of making profits, this helps us in terms of analyzing the market before we finally decide to draw a conclusion that leads to a decision, but as you said, even if you use technical or fundamental analysis to help make it easier for you in terms of looking for profits, but overall it will not be able to guarantee that you will actually make a profit at the end of the session because after all the risk will continue to lurk.

Technical or fundamental analysis is only something that can help us increase the chances of possible profits, meaning that if you don't combine strategy with technical or fundamental analysis then the possibility of turning a decision into a profit is quite difficult, so I admit that your experience is true. and this is what you have to pay attention to when you become a trader.
443  Economy / Gambling discussion / Re: Do you think gambling every day is better? on: April 11, 2024, 03:08:22 AM
But the question applies to people who seek pleasure from gambling their logic will come to your statement and surely they talk that they do not need the pleasure of gambling every day because they need to work and share their time with family and others in addition to seeking pleasure from gambling, and if you look at the mechanism of activity if we often do it that feels good then we continue to do it every day it will give a sense of boredom and not get that sense of pleasure anymore in life, just like sex vacations and others we will feel bored if we do it every day.

But it is different with people who do gambling because they are looking for money in it and or chasing the loss of addiction and they will think more about wanting to do gambling every time to fulfill their ambitions, this kind of logic will not reach them.
as a beginner you don't need to be gambling everyday because you are not sure of making money everyday with the gambling so what you need to do is to be calculating and they also strategize yourself before you enter into gambling to the extent of being addicted in gambling because I know quite well that someone who Gamble everyday is addicted in gambling so you need to minimize your rate of gambling so that you will not spend whatever thing you have in gambling so in summary my advice goes that we should gamble based on our timetable for gambling we should gamble base on we want to make a quick money

In fact, the prohibition against gambling every day applies to all groups or all typical gamblers, no matter whether you are a beginner or even have been gambling for a long time, one of the reasons is because whatever is done excessively always ends in bad money, I am not saying that you will always lose but what we have to understand is that the results of gambling will not always be in favor of the gamblers because gambling is nothing more than just a "probability" meaning that no matter how often you gamble, in the end the possibility of losing will always be a certain thing.

In the end, having a plan to gamble every day will basically only cause a lot of big problems and most likely you will only experience more losses than wins, and we have to understand that gambling is not an activity that should be prioritized, for me gambling is nothing more than just an activity just to fill free time without placing any hope or seriousness. It's better to just gamble in moderation because the fear is that in the end the idea of gambling too much will only make you experience more losses.
444  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: April 10, 2024, 10:27:28 PM
Sometime a team need to know the emotion when lose in order to be stronger, Bayern Munich lose in Champions League is normal because it's the toughest league, but when they lose in domestic league which they think they able to win easily, this will make them to try harder.

I believe Bayern Munich will able to become a champion in the next season because the result of this season make them embarrassed.
Bayern Leverkusen is an unexpected variable in the race for the title. I'm sure Munich was also surprised by Leverkusen's impressive performance which made them fail to maintain their dominance. Munich is not ready to face Leverkusen this season. But it will be different next season. Leverkusen will be a threat to Munich and one of the competitors in the Bundesliga. Munich will try to study and prepare to face Leverkusen. Next season will not be an easy season for Leverkusen because they have become one of the competitors in the race for the title. So other teams will try to see replays of their matches and there will be many teams who will try to expose their weaknesses. I hope Alonso has some different tactics that will help them next season.

One of the things that might be used as a reason about why we or especially I personally really feel surprised by the impressive appearance of Leverkusen is because honestly I really didn't find any indication last season that at least gave us information about the possibility of improving Leverkusen's performance this season, they came suddenly and did not give mercy to any team that competed with them. Even as you said which is a fact that Bayern Munich as a team that can always secure the title at the end of the season now they must be willing to accept the situation about their failure to maintain title dominance.

Previously I thought it was Dortmund who this season would provide tougher competition to Bayern Muchen because last season they failed to take advantage of the opportunity to snatch the title from Bayern Munich which was actually only one step away, and on the other hand what I find hard to believe is that Leverkusen went through this season without losing even once, this is a record that rarely happens in all running leagues. Yes there will always be different surprises at the turn of each season when all teams change their tactics, and beating Leverkusen is the main goal of all teams next season, and yes maybe we can only hope that Xabi Alonso can create a new formula or new strength for next season, but yes I am also interested in seeing more teams that have a surprising increase in performance like Leverkusen because of course the competition will definitely be more exciting.
445  Economy / Trading Discussion / Re: Don't do this mistakes in trading on: April 10, 2024, 10:10:13 PM
This the reason why newbie traders are not advisable to engage in trading activity. They are only seeing trading as a get rich quick scheme, and that’s the worst expectation from trading. While others continue to create successful trades from their trading activities, that’s because they have been losing too much from the start that they end up learning from all their mistakes that made them wiser and smarter as traders.
Learning from mistakes and fixing everything takes quite a long time, it cannot be done instantly. a professional trader will take years until they master the market and know how they should enter and exit to make a profit. beginners who only enter the market with basic knowledge and consider themselves to be reliable traders, they will not always be lucky, of course they will lose in the end if they don't study it more seriously. Every trader will make mistakes, whoever it is, even a professional can lose thousands of dollars, let alone a beginner who doesn't understand anything.

True, and this applies to whatever field you are doing, no success comes instantly, everyone can dream of being successful and they have the same chance or opportunity but it is a fact that success will only be achieved when you are willing and able to go through the process with all the difficulties. That's because everyone must first experience good or bad experiences that will serve as their learning material, simply put if for example they fail because of decision A then the incident will give them the knowledge that one day they should avoid such decisions. You have also said that traders who are now successful they must first go through a process of years with many difficulties to finally be able to have experience and a lot of knowledge, and with this then maybe we can conclude that those who ultimately fail are those traders who are not too serious in learning something, and usually they are typical traders who want to achieve everything instantly like wanting to get a lot of big profits to get rich but they don't want to go through all the processes and difficulties first, so actually success depends on how dedicated you are in the field or profession and nothing is instant in this world.
446  Economy / Economics / Re: Do you believe in savings or investment on: April 10, 2024, 09:50:33 PM
That is if the person holds on to the Fiat for a long period of time, I can remember my father doing the same when he was young like he told me, he was able to build his first house using a savings account and it worked, he bought some properties using savings.

Things have changed a lot today though, to build a house easily now requires a good amount of money and that can be done with investments instead of savings only.

Thanks to the existence of Bitcoin and crypto, investments have never been this better, I still save money today for some reasons, like emergencies and bill settlement but I am more into investment as it gives me better positivity in returns.
I also still save, but I don't save it for a long time. If in a 3 month period I save and the savings are not disturbed then I will allocate it to invest, and then I will continue my savings and so on.
I think this is a good way for me to do it, because when I can prepare emergency funds, I can also allocate those emergency funds for investment too. So I prefer to run both because both will also be very useful. However, if we save for a very long time, of course inflation will eat up our savings.
If we are given 2 good choices, it would be good for us to do both, and this will be very beneficial for our lives, especially in financial terms.

I just heard this idea but I think this is a pretty smart idea, this is a pretty creative idea because you don't choose one of them but combine the two, like combining savings with investments where the goal is to gain profit and if you still feel safe without having any disturbances or problems by running an idea like this then of course continue friends.

Basically everyone is free in terms of choosing one of the two between saving or investing which on the other hand both also have their own level of risk, when saving then maybe the risk is as you say like being affected by inflation which will reduce the value of your money and when investing then yes the market situation is sometimes not always in our favor. of course everyone has reasons for their choices, of course everyone has their own reasons for their choices depending on their beliefs, and if you take both then maybe you should really be able to maintain and balance everything well along with you maintaining your main job so that you can still make money to be allocated to both choices.
447  Economy / Economics / Re: The benefits of risk taking on: April 10, 2024, 09:32:42 PM

Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.
Every decision related to money always has risks. They can make decisions, but of course they have to understand enough about good risk management. All this must be done with strategy, not ambition and of course this is advice worth considering.

Because this involves investment, obviously there is always risk. It's not just price volatility that you need to watch out for, but also other risks that of course exist. Risk management is very important in investing, it is even more important than planning.

Exactly, in anything we do if it involves money then there will usually be a certain level of risk behind it especially when you do something that involves potential profits, and of course being rational can be a smart way to minimize the possibility of risk in terms of decision making, I will not say that you will never lose or experience losses but maybe by being rational then you will be able to understand the situation and you will also be able to consider from various sides that you will make as a basis for decision making.

Especially if we are talking about the world of investment which yes obviously you have also said something right which is that this activity always has a risk, and one of the reasons why risk management is far more important than planning or strategies to generate profits is because it is useless even if you have a way to generate profits if you have absolutely no recipe or formula as a precaution such as risk management then all the profits you have made will most likely be lost again due to losses, and simply put this is like you know how to climb but you don't know how to get down.
448  Economy / Gambling / Re: How to self exclude from anonymous gambling sites on: April 10, 2024, 09:13:53 PM
I've seen that people who win with little wind and the truth is I don't know how they do it, they enter any game and it's as if luck were with them, sometimes I think it's something divine that helps them, For that reason, when we enter a caisnol we must enter without any problems.

Winning with gambling is sometimes unpredictable because we most often don't know we are going to win and at the end, we have it as a surprise by seeing the winning coming, if we plan to win and try every effort, we may not see such coming, while the least time we expect any winning is when we may happen to realize one, this alone tells us more about how we can be independent with our gambling, expecting to see the winning coming and if it does not we move on.

Well that's obvious, I'm sure that someone who understands the whole concept of gambling and how winnings work would say the same thing that gambling is an activity that can never be predicted to result in a win, or that means you never know when you're going to win. However overall winning is always dependent on luck which means that when you are lucky then you will also win by itself, and maybe I would say that does not mean that when you try everything that you think can bring victory then you will lose, not like that because however if only at that time luck comes then you will definitely win.
Or it could be a scenario like what you said above that when we don't expect to win at all but the victory comes by itself, the point is luck applies to any situation.
449  Economy / Gambling / Re: My betting strategies on: April 10, 2024, 08:50:35 PM

There's some games in gambling that need To be analyze in order to have a good outcome of our bet but most of the game is absolutely about luck and if we don't have luck then we will loss a lot of money so if we felt that we can't win then let's take a break. And those games that need to analyze and the good and best strategy win then we need to double our security and strategy in order to win the game.  Over all those game who support knowledge is very good to play cause we will gain more knowledge and strategy to our opponent .
Everything relies on luck but it is really indeed true that when it comes to certain type of gambling games then it is really just that needing up that kind of analysis for you to be able to have that advantage on which this is something that you would really be needing to consider and its impossible that you cant really be able to make yourself to determine on what kind of approach or things you would really be needing for you to be able to use and this is something which is really that pretty basic i should say but on the time that you would really be making up some choices and making up some bets then this is where true challenge would really be starting up. There's no way that you could really be able to know on whose gonna win even if your analysis is really that something good. There's a significant difference in between casino games and sports betting on which it isnt really hard to determine on whats the difference among the two.

In general yes the outcome of gambling is always dependent on luck, and yes I understand that there are some games that require skills and knowledge to increase the chances of winning such as maybe sports betting where when you have experience and knowledge of a team or player then there is a big possibility for you to be able to win the bet, but still the truth is that in the end the outcome of victory will still depend on how lucky you are at that time, because what we have to understand is as I said above that skill or knowledge is not something that can guarantee victory but rather the ability that can "increase" the chances of winning.

So certainly don't put too much hope in winning just because you feel that you have the skills and knowledge of the game, because the fear is that there is a high probability for you to experience significant disappointment when it turns out that at the end of the session you lose and everything doesn't go your way, meaning that no matter where you gamble, the possibility of defeat will always be there, and as a result the situation can make someone make decisions based on emotions and that is dangerous.
450  Economy / Trading Discussion / Re: Anxiety in trading (heart disease) on: April 10, 2024, 08:33:02 PM
I always say that trading is not for the faint of heart and tell people to avoid it if they are not fit for it, because it is those who are alive that are trading. Trading is not that child's play, an easy avenue to make money as many influencers would say. It is a tough task that will drag your money and health with you in some cases which will surely cause emotional trauma and other issues if care is not taken. Imagine the person trading with all or almost what he has and the person is hypertensive, this can trigger unforeseen issues that might take his life.

This is why it is often advised that one should trade with the amount that means nothing to them, after all, if you lose such an amount, you will continue your life as though nothing happened. Even if you started trading and can afford a big sum of money, do not rush to invest the money in there but try it with a little amount. Over time, you will know your risk affinity towards trading and what your nature can endure. Upon detection that you have too much reaction towards the money, I advise you to reduce it or quit trading to avoid further issues.
Perhaps, any person willing to go into trading should firstly try with a test or use demo accounts to see if they can grow to meet up and surpass the challenges of emotions and all such variables that may cause heart conditions and anxiety during trade with a loss on the verge.

The wisest traders are often not those who invest alot, but those who have understood and developed the emotional maturity to know how the market works.
They know when to activate stop loss, when to take a break, when to take profit, how much should be traded with; because they have grown thick skin from learning and understanding how their mind and body reacts to making trade decisions.

Yes it is true that a demo account can be used as an alternative to learning about the basic stages of understanding the world of trading such as understanding how the market works and also understanding how to use some features that can help us in terms of analyzing, but believe me that the real tension and pressure you will feel when you have entered the real account where you trade using real money. Because when you experience a loss on a demo account then you will not be able to feel the real chemistry of anxiety or tension when you experience a loss.

I'm not telling you to immediately trade with real money because yes for beginners anyway this is too risky an idea, meaning that it doesn't matter if you want to use a demo account as an intermediary or alternative to learn about the market because it's pretty good, but maybe I would advise to prepare more like preparing mentally and psychologically when you have started to enter real trading using your money, because sometimes there are traders who claim that when on a demo account they are easy to find profits but when on a real account they even lose more, That is because when on a demo account you will not hesitate at all to make a decision to open a trade because you are using fake money while when you trade with real money there will be a feeling of anxiety that makes you hesitate to make a decision even though it is actually the right situation that in the end you open a trade at the wrong time or when the moment has been missed and finally lose, meaning that mental and psychological have important benefits to make you not fall into emotions when you lose and also you need to have good confidence and calmness in terms of making decisions.

Yes, it is true that wise traders are those who have a correct and precise understanding that will make them build good planning and management of their finances or trading activities, or simply those who know when to row and when to pull over along with applying many precautions such as stop los or take profit.
451  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 10, 2024, 08:10:20 PM
Is this true gambling is not place to make money is place to lose it?

Don't you think it depends on how often you win or lose and the strategies you use to play? While gambling is often seen as a way losing money, it can also be a way to make money and have fun. Both aspects go hand in hand, and most people find gambling enjoyable when they win. It's possible that there are more losers than winners, but that could be unfair. It could mean that casinos are cheating or players don't understand the game. What I believe is true is that the system is fair, using good algorithms that determine winners and losers. As long as these algorithms aren't manipulated, the percentages of winners and losers could be equal.

What you have to understand and understand why someone can experience a losing streak or experience a larger amount of loss is for a reason, which is most likely that they treat gambling in an excessive way such as not applying limits to the budget as well as the time of involvement, so it is not a matter of the casino being unfair or cheating after all gambling is a business for casinos where their goal is to make a lot of profit from losing gamblers and obviously when gamblers act impulsively and excessively it is natural that they lose more.

You may have often heard that gambling is always unpredictable, that's because winning in gambling is always gray, no matter what you do and no matter how skillful you are it is still possible for you to lose, logically if there was justice in terms of winning or losing then wouldn't there be no one who lost all his fortune? Of course, and if you want fairness in the sense of not losing more than you win then obviously what you have to do is treat gambling with moderation such as avoiding overdoing it as well as prioritizing risk management as a precaution, this is gambling which is an activity that risks your money for two possibilities between winning or losing, winning is nothing more than a possibility and losing is a certainty, only luck can really lead you to victory while the way luck works is always "chance", and if luck could be controlled then obviously you would be able to achieve justice or even always be able to get a bigger win than the loss you have experienced, but this is impossible.
452  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: April 10, 2024, 01:25:54 AM

yes, the moonshot generation!
it's quite common nowadays to see people that would prefer speculating than working in hopes of a huge win that can turn their lifes around
little they know that money is not the star solution for life and if you find no meaning into day to day you can still be unhappy even if you have a lot of money.
People are very greedy.  No matter how much money they have, they always look at the position of others, because of which your good position will not be seen well by others.  Again you can't take good position of others because it is our habit.  Our emotions compel us to do so. And our emotions always want to achieve everything quickly, for this panic works in us and gambling sites use our paniciness to make us addicted to gambling and make us gamble for a long time.

Greed always involves desire and the name of desire will never end in any case especially in financial matters where the winnings generated from gambling in the form of money that we always need and want. In real life the nature of envy prevails and as you said that everyone always sees the position of others who have a better situation than themselves such as in terms of financial situation and feelings like this further encourage them to increasingly act excessively in gambling with unreasonable beliefs and beliefs, hoping that gambling can change their lives to be better and equal to others in comparison.

But it is a fact that it is a mindset that will only lead them to many disasters, I would not say that if for example you do not dedicate yourself to gambling, but if you make gambling as an intermediary to achieve wealth then obviously it is very wrong because after all in gambling it is always about uncertainty in terms of winning, everything is always about "chance" while on the other hand the possibility of losing will continue to lurk you at any time.
453  Economy / Trading Discussion / Re: Anxiety in trading (heart disease) on: April 10, 2024, 01:01:54 AM
If you realize that trading is hurting your and you take it serious then leave it because nothing is more important than your health and if your health gets effected then no matter how large sum of money you earned you will not be able to enjoy it.

If you are calm in trading and have knowledge so I think you will have no pressure of win or loss but if you cannot keep calm then it will surely effects your heart. Therefore it is better to enjoy your life with the amount of money you have because one day you will realize that a satisfied life is much better than wealthy life full of diseases.
Trading is actually a risky activity that may easily turn our emotions down most especially if the market is not favoring our trades. But as we go on consistently trading in the market, we learned to be more watchful of our emotions and not get easily affected whenever we get losses in trading. We tend to be more patient and calm with regards to the results of our trades. That shows that we are good to go with trading.

However, despite of your long experience in trading, if you still find it hard to control your emotions and lead you to anxiety, I guess that's a sign to forget about trading. Trading is really not for everyone. It's better to leave trading earlier before it gets you to more stressful situations that may lead you to break down completely.

This is the reason why every trader is required to train mentally and psychologically because of course as you say that trading is a profession that has a level of risk that is sometimes very high when you are caught in a market that is not in your favor where there is a high probability that you will experience significant losses and if you do not have a good and strong mentality and psychology at all then obviously the possibility of emotions will dominate which will make it difficult for you to accept the fact of the loss you have experienced and in the end it is clear that the amount of loss can be even greater when you are already trapped in emotions because most traders act rashly or carelessly by continuing the session with the intention and purpose of returning something that has been lost which in the end the situation leads them to bankruptcy or MC.

I understand that having self-preparation such as controlling and managing emotions outside of the learning theory of trading is quite difficult especially for those who have a personality that is easily provoked or sensitive to something they don't want, but after all this is trading and this is the biggest difficulty in the world of trading outside of how to get profit, because there are also many traders who end up MC because they do not have the ability to manage and control themselves. So of course we are not only required to have knowledge and understanding related to the theory of how to trade correctly because the management of self-management skills such as emotional, mental and psychological control must also be owned as a precautionary measure for a balance.
454  Economy / Trading Discussion / Re: Stop paying money to learn trading when you can learn it yourself on: April 09, 2024, 09:24:29 PM
Actually everyone can learn on their own without having to spend money like private lessons with professional mentors because obviously it will cost you a lot of money to pay them because on the other hand there is no guarantee that you will really be able to become a successful trader with their guidance. Every trader who has managed to achieve success in the world of trading they have their own way of trading or looking for profits without dependence on others, meaning they have all the understanding and knowledge from their own experience when they process and not from dependence on other parties.

Every beginner is required to know about all things related to the world of trading, especially in terms of preparation such as knowing that a trader must have good planning, time and money management, have risk management, self-control or the ability to control themselves and have money as capital, but all of this you can find out for yourself by looking for information from several sources of reperence such as for example on social media or on YouTube because there are already quite a lot of people - people especially professionals who share about things that a beginner must prepare when he wants to become a trader, meaning you can do it yourself. As I said above that every trader has their own way of making a profit and maybe you have heard or even felt that when you try the strategies of other traders who are even experts sometimes the strategy does not work or does not make a profit when we try it, meaning that every trader who has been successful they have their own formula or recipe in turning decisions into profits.
455  Economy / Gambling discussion / Re: How can we help beginners not to get addicted on: April 09, 2024, 09:00:05 PM
Yes, the key to being able to avoid gambling addiction is to have a proper understanding of the negative side of gambling from the beginning of involvement in gambling because by having the right understanding, it will be the basis for your caution in treating gambling activities themselves. One of the things that can make you have an understanding before you get involved is to have a rational point of view and mindset at the beginning of your discovery of gambling, by identifying or researching the benefits or impacts of gambling itself which when you have managed to get this information then I am sure that you will not dare to act too carelessly or excessively in gambling.

While on the other hand lately I see more people who come without having a correct understanding of the concept of gambling, how it works to get a win and the adverse effects of gambling itself such as addiction, and I believe the reason is because they are too focused on the chances of winning, they think that gambling can give them a lot of wins so this mindset distracts their attention and thoughts from the risks and bad possibilities that exist in gambling.

On the other hand, I am sure that any gambling company will not want to include the bad effects of gambling because obviously their goal is to make a lot of profit from gamblers who always act excessively like those who have entered the addiction phase, because if the casino gives gamblers an announcement about the bad effects of gambling then obviously it can make the casino unable to achieve greater profits while the casino's goal is to achieve maximum revenue.
456  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: April 09, 2024, 08:43:04 PM
No one deserves to risk more and the other to risk less, we all have equal chances of making wining when we are gambling and have the same risk involved to either win or lose, winning or losing is not by the virtue of how influential we appear or not, we only have such privilege to influence the rate of amount used for staking with the level of money we have, same applies to those that doesn't have much, but they can have the privilege of winning big, we cannot just be one-sided on this, everyone has equal opportunity for winning or losing.

Yes that's right, whoever it is and no matter if they are rich or poor they must take a level of risk that they are able to take responsibility for whatever it is and the point is that they must put a budget amount that will not be a problem and not feel objections or emotions if it turns out that the money is lost due to defeat. Exactly, we all or all gamblers have the same chances of winning and they also have the same chances of losing but maybe the difference is in terms of the amount.

The background of a person's financial situation will never be able to determine the victory or the point even though they are rich or poor but it cannot be used as a benchmark to get or just increase the chances of winning, because still in the end the name of victory in gambling can never be known when it comes, this is what makes sometimes we lose even though we really hope for victory or sometimes we also win by itself accidentally.
457  Economy / Gambling discussion / Re: Patience can help alot on: April 09, 2024, 08:25:10 PM

Exactly, when gambling the most difficult thing to control is patience, as long as you have a lot of patience it will make you calm when you want to make a choice in a gambling place, but when you can't control this then you will usually make the wrong decision because didn't think it through well beforehand. That is why many gamblers fall into poverty because they have not been able to master the aspects that I mentioned, this is the key that can be used to win at gambling.

In some instance also a key to prevent losing a lot, patience will give that chance to calm yourself while suffering with a losing streaks unlike if you don't have this kind of attitude you'll just keep pushing yourself aggresively and most of the time you end losing everything, you need to find that place inside you to keep enhancing this emotion.

Having balance patience and good control of your emotion, it will avoid to over exceed your limits, instead it will let you to find ways to quit while you still have that control.

With patience, you can continue trying to find the best strategy and you'll keep that enjoyment and not to keep chasing your losses.

The point is that the best approach to gambling is when you know when to row and when to pull over and patience is something very important that should be involved in the matter of engaging in gambling, not least because this trait has many benefits, one of which is as you said that patience can minimize emotions in yourself which means it can help encourage yourself to pull over immediately when experiencing a losing streak. I understand that accepting a losing streak is not easy but this is gambling or this is what happens when one is involved in gambling, you can win but you are also very likely to lose.

Having a good level of patience will be able to minimize our emotions when we lose which means it leads to preventive measures with the benefit that you avoid impulsive decisions based on emotions that will only lead you to a much worse situation such as experiencing a much bigger loss, and the point is that patience is something that will lead you to preventive measures which benefits you from avoiding worse possibilities.
458  Economy / Gambling discussion / Re: Stopping the curse of losing streak? on: April 09, 2024, 08:02:13 PM
Its really painful to encounter consecutive losses that's why other became so mad and troll to the threads of the casino. To avoid getting into this situation a gambler should stick with the amount they can afford to lose and know to quit immediately if they are not feeling well to continue or  they are already gaining.

It's the emotion that is killing our passion in gambling, if we don't understand the risk fully, then that's for sure that we will become too emotional when we experience a losing streak. Actually, losing streak is quite normal for people who constantly gamble, we just have to ensure that we are realistic in handling risk, otherwise we will experience this from time to time and we always end up making a bad decision.

Signs that we are becoming irresponsible, if we cant control ourselves and we keep chasing our losses, with doing this consistently, it will make our gambling journey short as we don't have an infinite bankroll, so sooner or later we will get busted.

True, when we experience a losing streak then obviously the pleasure will change with tension along with some other pressures, basically anyone will never like the name of losing but this is gambling which is always about two possibilities, namely between winning or losing, we will never know when we can win but losing will always be a sure thing. This means that this is the reason why we are advised to gamble with the amount we can afford to lose, because by only putting the amount we can afford to lose then at least when we lose then we will be able to minimize the occurrence of emotions in us that can make the atmosphere of pleasure turn into pressure.

Having a responsible approach to gambling has always been the key to long-term safety, I'm not saying that you will never lose by having this approach but what we must understand is that by having a safe approach then we will not experience too large numbers of losses, because if we gamble in the wrong way then obviously you will often be dominated by emotions that will always make the session end in a much worse situation.
459  Economy / Trading Discussion / Re: Quick way to learn bitcoin trading on: April 09, 2024, 07:41:13 PM

Everything is always about the process of moving forward or developing a little more, everyone will only be able to gain knowledge from learning gradually and slowly, so of course there is no such thing as learning instantly and immediately knowing everything, that is impossible in any case and not in just the world of trading. Lessons are experiences, or what this means is that someone will only be able to gain knowledge from experience about events they have experienced, such as experiencing a loss because they were too hasty in making a decision, which means this situation teaches you a lesson not to trade in a hurry.

The book will only give you some basic theories which sometimes don't really fit with what happens in the market but at least it can help you and increase your knowledge of the basic understanding of a market, because you will only be able to know about the characteristics of the market along with its fluctuations. the price that occurs in the market when you have started entering the actual trade. And yes, it can be confirmed that short learning in trading will only make you or lead you to a greater possibility of loss because a lack of knowledge can increase the possibility of loss.
Everything on this world or something that you are rushing up to learn is something that would really be just that only creating that kind of tons of mistakes. This isnt really just that limited on trading but also in other things
in life on where you would really be needing up to learn up things on slowly but consistent manner. You cant really just that make yourself that learn up trading on easy or short term period.
You would really be that definitely be able to make yourself that needing to experience up those things along the way because other learnings cant really be obtained through reading up others experiences but rather you would really be needing to experience for  yourself so that you would really be able to learn up along the way and this is something you should really be putting up into your mind.
Dont make yourself that too confident on learning it on a short time, disasters and losing money is something that could make your realize.

Yup, it is the experience that will only be able to give us a lesson along with that will also tell us about what should be done and what should be avoided in trading or anything else you do in life, meaning that obviously there is no short learning that can give you the results you want, because of course you have to go through all the processes first, and this also confirms and also becomes a reason that successful people are those who must have experienced a lot of failures in the process because it is the incident that gives them knowledge about what should be avoided next.

Everyone has their own way and process in terms of achieving success, meaning that you will not be able to achieve success by copying other people's ways because everyone has a different mindset and point of view - different when experiencing an event where the mindset will make everyone make different decisions to continue, and this is also the reason why sometimes other people can achieve success in a different period of time than other people, like for example you are able to achieve success by undergoing a 5-year process but other people may have achieved success in a lower period of time or even longer than you in any field whether it is trading or other fields, this is why we must go through the process independently and not always depend on others which is because you are the one who will experience and feel the process.
460  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: April 09, 2024, 07:23:18 PM
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Well, you said that even though we come with a certain amount of money that we can afford to lose, sometimes winning is still a result that is difficult to achieve, especially when we come with the full intention and purpose of winning, which means that the idea will only make us feel even more disappointed when it turns out that at the end of the session you actually lost.

There are some people who can identify a problem and incident by taking a lesson from it and turning it into a lesson, like you did, where difficulties in seeking victory make you realize that all the sacrifices you have made have ended up being in vain. This is a pretty good mindset because with the ability to realize that what you are doing is wrong, it can make you more careful in the future, especially not to take actions that are too stupid which basically will only make ourselves feel even more disappointed, for me and What I always emphasize to myself is that I can always win at gambling when I'm lucky. By understanding the concept of luck, this can help me avoid excessive thinking due to worries.

The final result of a gamble or bet that we make is very difficult to predict accurately, and we will never know when our luck will arrive when gambling. Where we might make a low bet, but we could lose completely when we take a lot of money to bet. Or vice versa. However, to prevent bigger losses and other bad things, it is very important that we always make sure that we only bet the amount that we are ready to lose. This is very important so that we can always receive the final results from every gamble or bet we make. Never let ourselves get caught up in endless gambling and keep chasing losses. By having certain limits both in terms of finances and the time spent on gambling, this can help us to be able to control this activity better.

and being able to learn from what has been experienced in the past, is also a very important thing for us to do, where this can help us to prevent the same mistakes from being repeated. Apart from that, this can also help us become better and more responsible when gambling.

Yes that's why we are better off taking the best approach which is more focused on risk management measures as you said by only putting the amount of money that we can be responsible for whatever the outcome is, especially losing, because the problem is that the results of a bet are always gray or can never be predicted at all which makes us never be able to avoid the possibility of losing completely, meaning that it is best to always make decisions that lead to preventive action.

In fact, it will not be a problem even if you bet with a large amount even with a note that you must really be able to take responsibility for the impact of the decision, especially staying fine when it turns out to lose, but it is commonplace that it is very difficult to really be able to have such acceptance which in the end as we know that when someone is unable to accept the fact of losing then they will gamble based on emotions and resentment because they want to restore something that has been lost before. This is why we are always advised to gamble in moderation so that we can be accountable for the impact of decisions when we lose.
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