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441  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: January 02, 2024, 06:33:11 PM
As I have stated many times in my previous comments, borrowing money isn't a very logical thing to do especially for trading in cryptocurrency markets because trading with borrowed money in such a volatile market causes the person to be more stressed and lose money more easily. As someone who has previously made a leveraged transaction by borrowing money, I would like to help you understand what kind of psychological effect this actually has by stating that I wake up every night and check the status of my positions.

For real, people borrow money to start trading? What type of risk is that? No matter how professional and skillful you think you are in trading, I don't think it's a wise decision to borrow money and start your trading career. Although, it's a two edge sword and if you are lucky to succeed, you'll repay the debt and have your own money to start the journey but if otherwise, you suffer from desperation the embarrassment that associate with debt. However, the chances of failure outweigh that of success and that's why it is not an ideal.

True, such an approach is really not recommended in the world of trading, one of the reasons that makes sense is because in trading you not only need skills and knowledge but also this activity involves mental and psychological calm and if you trade using money from borrowing then obviously at least there will definitely be a feeling of fear in yourself when using that money to trade which ultimately makes it difficult for you to be able to focus and have difficulty in terms of analysis because of the pressure and feelings like "I have to profit to pay off debt" of course it is something that you will definitely think about when your trading session has started, And usually when you experience distractions that make it difficult for your brain and mind to focus on making a decision in trading then obviously usually the decisions you make will also miss, meaning you make the wrong decision because of the psychological pressure of the borrowed money.

So in the world of trading do not try to borrow money as your trading capital because peace of mind is needed there, no matter how skillful you are, I have felt that the psychological distraction of borrowed money really makes me feel difficult to analyze and ultimately act carelessly.
Borrowing money for investment/business then it would be a YES!
Borrowing money for trading, gambling, buying wants then its a big NO!

You should really be that sensible on the actions that you are making and dont make yourself that too impulsive when it comes to things on which it would really be just that right that you should
really be that focusing into something that will really be beneficial for you on long term and not really just that focusing or minding into short term ones.
If you do know on how to maximize DEBT or those loans then it wont really be that an issue. There are really just those people who cant think up well on what they should gonna do.

Promise, i had that bad experience on making use of DEBT in a wrong way that even upto now im still paying up some mortgages on something
that arent really generating some profits or income on which it does give out that kind of a little bit regrets.
442  Economy / Gambling / Re: tell me the best online casino on: January 02, 2024, 03:10:16 PM
There's no best online gambling neither is there any one being perfect in physical, some gamblers will tell you that they like gambling within the comfort of their privacy anytime without having to go to the casino house, we only have to compare what we see to what we want to observe with many of these gambling casinos as our preference, we are the one to make the very best decision in what we do that affects the gambling we do.
Well, it is possible that there are no "best casinos," but in reality, there are some that could be termed near best overall due to many reasons. Fine, there are no perfect casinos, and at times, the one that did so well this year might degenerate in the next year which is why it could be difficult to vouch for any company. But on average, there are good ones that are consistent in maintaining their reputations. When it comes to liquidity, customer care service, responsiveness of the platform, security, regulation, pace of deposits and withdrawals, and variety of games to choose from among others, there are some that have it all, including bonuses if the customer is so desired.

This is what we call a good service and everyone will like to go for it and stick to it at the same time without reservation as good will always be good. Now, if in this competitive gambling market, a casino could have all that, is it not worth gambling it? Of course, such will be the best for their service, which is what I believe that anyone looking for casinos newly must consider before choosing where they commit their money to. About the preference you mentioned, let me say it is too general and no one will want a bad preference no matter what. Good service doesn't have an alternative, which is why everyone would want to go for good services irrespective of their preference as you make it look.
There's no such thing about definite ranking considering that it could really be that totally random but it would really be that obvious on where people would really be mostly be flocking out.
This is why if you are really that searching for good or popular platforms then it wont really be that too hard on finding yourself on making up some research.
When it comes to best then it cant really be denied that there are really lots of good sites that we do have in the market today it would really be just that depending on which one you would choose.

Each person does have their own preference and takings when it comes to things specially when playing gambling.It might be looking interesting for you but not for others.
This is why we would really be settling ourselves on the time that we do able to find into those places on which we do really be able to feel comfortable on the time
that we would really be engaging with it.
443  Economy / Gambling discussion / Re: Inoue vs Casimero (possible fight in 2024) Let's discuss! on: January 01, 2024, 10:00:27 AM
It may look like an interesting fight to watch even for neutral boxing fans but I seriously doubt this is going to happen. I can see some members already mentioned his declining performance from his previous fights so Casimero likely losing his next bouts this year while Inoue will continue to dominate. It just doesn't make sense when he hasn't really earned that right to fight the best in the division. I would like to be proven wrong.

There are reasons for his declining performance, one of these is too much exposure to social media, taking his brother as his main trainer, and not seriously training, but if he is under the MP Promotions things can change and we will all see the Casimero that we once saw as a dangerous and hungry fighter, his performance may be declining but so far he has not been beaten the last who beat him was Jonas Sultan and this was 6 years ago, unless he is knock out or someone beat him decisively, it's still worth for any promotion to take Casimero.

Even his performance do looks good in others eyes but its impossible that we cant really be able to compare on whose much better. Casimero do really loves on trashtalking and telling that he could beat up Inoue
but if we do tend to look at on his past fight performance on which lacking of stamina kind of problems seems pretty obvious then we can really say that he wont really be able to last up against Inoue.
If this one would be pushed through for this year 2024 for the said fight then it would really be definitely a fight on which everybody is really that been excited about.

Lets see if Casimero would really be able to stand into his trashtalking against Inoue or those are really just that pure talks but cant be able to finish it out.  Cool
Lots had been liking to support Casimero against Inoue but since Inoue do say up some words about being not interested then he do knows
that he isnt on the level of his so he just simply ignore it out.
444  Economy / Trading Discussion / Re: It will save your capital more than you can imagine on: January 01, 2024, 08:14:26 AM
Stop loss is not always the answer to everything in trading when it comes to saving one's capital or investment because the type of cryptocurrency and the type of trading you choose for your trading are also important cause they are what will determine your decision.

There are  situations whereby the moment the trader chooses to stop loss or close the deal is when the market will reverse.


That's very true especially if the "trader" chooses to trade low-liquidity shitcoins. The usual situation that happens is, it goes down to your stop-loss, you close the trade, then it surges 3x mere moments later leaving you with a loss and a lot of frustration. Cool

There's probably only 50% of the 10% of profitable traders that truly make money consistently to be a semi-professional bedroom trader. Some of us either become part of the 10% ourselves or lose all of our money.
I agree with what was said about the majority of us being among the 10% and I believe the reason is that crypto traders are involved trader trading against the rich and smartest people in the world. This is why I placed a high priority on the crypto I choose to deal with, the type of trading choose, and the trading platform I use since the market is full of ups and downs. The best practice will always be going for things that already minimize the chance of making losses.
Another thing I do is that I don't day trade and I guess it is because I see trading as gambling.
Trading as gambling? It would really just that matter on how you do treat it up on the first place, because if you do have that kind of mindset on which trading is gambling then this is something on what you are currently
doing. There are people who do changed up their lives because of trading on which they could having that another source of income aside from their main jobs. Yes, its not that easy but its not something that impossible
or simply it can be attained and it would really be just that basing on how well you do make out your own trades and this is something that would really differ into each trader because not all would really be
successful into this field but doesnt mean that you wont really be trying it out. Someones success will really be determined on how well they do deal up with things and get engaged into it.

On trading, you would really be able to witness all the possible scenarios that you could really be able to encounter. Your instinct and common sense would really be telling you
that you should really be that needing to adjust and adapt accordingly for you to be able to sustain on the things that you are currently dealing with.
It is really just that usual or casual stuff that you would be needing to do.
It not trading as gambling.
I said I see trading as gambling because only you are against the world most smartest, wealthiest people and the market volatility which makes it more complex for an ordinary trader to thrive in the market. I believe this is the reason why the stats of traders that quit trading along these lines are many traders who keep trading and making a profit.
If you perceive my point you'll that it's just like gambling where the player is playing against a supercomputer machine.
I am glad you also said it's not easy but it's something that impossible. Nevertheless, the possibility of it is small if the market is in bear and there's a high chance of the possibility when the market is in the bull run.
Doesnt matter on how you would really be making yourself that handles on the market on which this is something that would really be that depending into you. There are ones who do make out those realizations and there are ones who dont really able to survive and become that impulsive and to those who do able to survive and able to sustain are the ones who would really be able to make themselves that profitable but of course loses
wont really be that something that can be avoided. Speaking about cutting losses then there are really moments on which you would really be needing to cut loses unless if you are dealing with
those coins or projects on which it is really just that worthy on holding up for long term then it wont really be that a problem or an issue.

There are really people who cant really be able to assess on what are t he right actions on that should be made because it would really be pointless if we do make use of SL
when we do have plans for long term. It would really be just that good if you do touch up yourself with futures.
445  Economy / Gambling discussion / Re: Online or offline gambling which is more safer? on: December 31, 2023, 11:00:11 AM
Sometimes people are always addicted to playing gambling online and this has made them loss alot of funds, due to always topping up theire casino account with there debit card when they loose. and this usually makes them exhaust all there funds.

While those people playing offline in casino halls play with only the little money they have at hand, and that will reduce the risk of over spending. So now my question is this

Playing online or offline gambling which is more preferable in terms of risk reduction?

The risk still the same since people could add up their desired amount if they want to continue to gamble. Online and offline is the same but what online gambling site can offer to us is personal security since we don't need to go on different places bring some cash on hand. While playing on offline casino where the risk is high especially if there's lot of people know that we always bring money whatever places we go especially if we give a hint that we are going to gamble on a popular casino.

Remember that any places have high risk of losing a lot of money since temptation is there and we could be influence to deposit more since there are people will taunt us to do it or even we still like to gamble since we are not yet satisfied with what we do on those offline or online casino.
It would really be just that totally the same on which it is really true on what you have said. Once you do have that credit/debit card beside you or even having your online web crypto wallet then you are really that still prone on spending up tons with gambling and doesnt matter whether its offline or online.This is why it would really be that important that you should really be having that kind of control and have responsible act towards it because if you dont then you are really that likely on messing up yourself when it comes to finances and this is what you should really be minding on. Not all would really be that sensible on the things that they've been dealing with specially on the time that they would really be blinded by greed.

On the time that you do make out some deposits and tending to gamble then never ever consider yourself to be safe on which you would really be on the verge in between winning and losing on which it would really be that depending on how lucky you are on that particular time on which it would really that varying into each person. We do know that when it comes to gambling
then no one is really safe unless if you do have that good control then you're good.
446  Economy / Economics / Re: Crypto investment vs real estate investment : Which one more dependable? on: December 31, 2023, 09:02:04 AM
Dependable? if you're a person that just wants assurance then it is for sure that you should have real estate investments. It's going to stay for long and it's a traditional asset that will be suggested by your mom and dad. But the world is changing, you have accepted that nothing is going to beat real estate for the investors that don't have an idea about Bitcoin/crypto. I'd say that I've proven that crypto is here to stay and made profit from it and it's one dependable asset or investment that you can have as long as you know what you're doing.

I think that it's the same with real estate, you can also have mistakes and there can be a bubble from there and once it's popped, you're going to be badly affected by it. If you're for the most traditional assets then you shouldn't just choose real estate because there are the precious metals, bonds and all the other investments that are low risk than crypto.
Sticking to traditional things would really be always that recommended on which we cant really be able to deny that when it comes to assurance at least then real estate does give out that kind of probability in terms of longevity but as we do all know that options and things could changed up as years passing on which new methods and ways could really be a good option too for you to deal with example which is on crypto too.
Somewhat you would really be needing to invest on something which is really that a volatile asset on which means that chances for you to lose up a huge percentage of your investment could really happen.Whereas it cant really be possibly happen on a property that you do possess in terms of appreciation or depreciation of price.

When it comes to potential profits then no doubt that Crypto could really give out but if we do speak or do talk about being dependable then i would definitely prefer on having real estate.
Just like the rest on being saying on here that it isnt really that just cheap on acquiring these properties and this is why not all would really be able to possess such thing.
447  Economy / Gambling discussion / Re: The frustrations in loosing a huge bet when your winning was so assured. on: December 31, 2023, 01:58:59 AM
To those who considers making profits a priority in gambling, I have come to observe that it is much more frustrating when you looses your game at when the game was almost over and you were on the safer side (winning) and just a few minute or seconds before the game is over it ended up at your lost.
I come to understand that it is more worrisome when the sure winning opportunities was so huge and got lost lately closed to the end time of the game.

That's how luck definitely works. we don't realize that what we expect to happen has changed, so sometimes it's hard to expect and talk about things until it's over. you will be really disappointed if that is the outcome. You seem to have the fun and excitement but when it comes to the end, it's like heaven and earth are entwined because you just lost. That's one of the reason why I don't expect much when I'm doing gambling because I experience that same scenario so many times.

True, betting or sports betting is unpredictable to the sense that its because it is a sports we can never know what will be the outcome of the game so even if you are very sure who will win or you are already in the winning side you can never know if you will win until the end in short in sports there are many things that could happenz there are different circumstances that could happen in a game and that is something that we can't predict or for see so its normal that sometimes you will lose in a game that you think you will win, yes it is frustrating but that is betting gambling, we can never know what will happen until its over so we should expect the unexpected, the only thing we can do is accept what happens instead of sulking anf regretting because it will never do anything good to them.
Upsets,turns of events, near winning situation which these things could really happen in a snap in sports betting and this what makes it thrilling and something interesting. It wont be called gambling or betting in the first place if it would really be just that easy to win. Expect the unexpected on which there would really be those kind of situations that could happen in a snap on which it would really be leading into that kind of frustration that you would really be feeling on for a while. Yes, this is part of the thrill when making up some bets on which there's no assurance or 100% chance for you to win, no matter how good or highly favorite your team/player is.
For me then it would really be just that hard when im still new on betting but on the time comes that i do gain up experience then it is really just that like an ordinary day.

If you do lose, then just simply move on and dont try to look back. If you are really that a type of person who do really love on taking things back and minding about the past
then that would really be stressful and something bring outs that kind of anxiety.
448  Economy / Speculation / Re: Fear of December dump is fading away - for Bitcoin on: December 30, 2023, 08:27:33 PM
I think we may not see any bear market this time due to the upcoming events like Bitcoin Halving & possible Spot Bitcoin ETF approval has leveraged enough investments flowing in and creating more demand which may subdue any larger price correction which could have occurred.

You're correct, we'll continue the same way. We won't see Bitcoin falling in december as there's too many good news that'll be coming next year so many individuals aren't interested in selling. They're thinking about buying more Bitcoin as me and not thinking about selling. Any individuals selling their Bitcoin by this time don't know the importance of what they're holding. One of the two event you said is happening for sure, we already know Bitcoin halving is next year.

If spot Bitcoin ETF get approved that'll make the market more bullish and the price of Bitcoin will pump more but if it doesn't happen, the market will still be bullish but mightn't be very bullish for the starting of the year therefore selling in december will be a wrong move. Other years when it's December the market dumps but this year is different which is already showing us what we should be expecting for next year.
The wave is almost over and a lot of those who went on vacation will be preparing they return right about now and since the new year is just a few days away many of the market actions have already taken place and most of the time it crises are mostly pre Christmas and since there is already a wave in that direction where bitcoin is already not shown any sign of market pressure that could force a sell-off and rather the price of Bitcoin have rebrand a lot and for that, we tend to see them making ways to see more uptrend bitcoin market rather than the expected decline.
But actually we did really be able to observe and seen that the price didnt really dip or crash that much into this holiday season on which this is really something that we are assuming whenever this time of the year approaches on which it did really just that prove out that this market could really give out some patterns but it isnt something that could give out assurance that it would be happening on the future on precise manner.
Yes, we can make out those assumptions but not something that we can 100% rely on when it comes to fundamentals. This is why it would really be always wise that you should really be that making yourself
that versatile when it comes to investment decisions specially on Bitcoin.

Now that we are heading on Q1 of 2024 on which it would really be just few hours left for this year. We do already have those potential ETF approvals on which it might really be that pushing up
the market even more. Precision? there's no such thing about fundamentals on which we know that it could really changed out on point!
449  Economy / Gambling discussion / Re: Cash out or keep playing? on: December 30, 2023, 07:57:49 PM
I try to get out of the game even if I multiply my deposit by 2 times. Maybe that's why I haven't had any big wins except for a few medium-sized ones. But for me it is much more comfortable to gamble. I think that if I ever win a big win I will certainly end the game, because I know that it is very easy to lose money in gambling, and win extremely difficult. The most interesting thing is that everything can go completely differently, because emotions make us make mistakes.
In reality some of us can not control ourselves during playing in gambling band yes I've already experienced  such a bad decision in my life cause when I am in the world of gambling I cannot control myself bad we all know that it's better to stop for while when we are in a winning mode but our greed will take over it and then addiction will follow. So it's better than we have s good mindset that we must not okay more after our win.
Difficult to control our self in gambling exactly on winning position, but I have limitation amount for gambling exactly on position after huge amount winning and limit with how much percent have to bet before quitting or cash out my fund. Need to celebrate with winning achievement without have to spent all again for gambling, control our self and not be greedy exactly winning in gambling not always come to us every time.
Cash out above 80% of winning amount and left 20% use for another capital on other day, don't spent it on the same time because get chance with losses it without get enjoying yet how much winning amount and loss chance for withdrawing.
I largely agree with you. Part of the winnings should always be withdrawn, but I think 80% is a lot. After withdrawing such a large part, some players, having lost the remaining 20%, will return for 80% and also lose them. This can happen even if they are spent on expensive things such as a car. It is better to withdraw a smaller percentage so as not to return for it. Nothing can stop a player under the influence of strong emotions. In general, I would prefer for a player to know the amount he wants to win and to quit gambling forever and never return. Otherwise, he will always continue to play no matter how much he wins, which in the end will definitely lead to a complete loss. So you definitely need to be able to take profits.
When it comes on securing profits then this is something that we can talk about that majority of gamblers would really be definitely be using up those winnings back into the casino and would be spending it again.
Taking profits is the most hardest thing to be  done by most gamblers on which it would really be that understandable that people would really be failing on doing so. It might sounds too easy but on the time that you are
already on such situation then it would really be that so hard to get out and this is why it would be always best that you should really be that sensible or wary on the actions that you are taking so that you wont really be that ended up on messing up things along the way. People would usually learn up their lesson on the time that they would really be experiencing unfortunate conditions.

Why not really that stopping beforehand? People are really just that too dumb on making decisions and they would really be taking action when its already late.
Somewhat if you are really that already planning on losing all of those balance in the first place then it would really be that basically be your choice.
450  Economy / Trading Discussion / Re: It will save your capital more than you can imagine on: December 30, 2023, 06:28:42 PM
Stop loss is not always the answer to everything in trading when it comes to saving one's capital or investment because the type of cryptocurrency and the type of trading you choose for your trading are also important cause they are what will determine your decision.

There are  situations whereby the moment the trader chooses to stop loss or close the deal is when the market will reverse.


That's very true especially if the "trader" chooses to trade low-liquidity shitcoins. The usual situation that happens is, it goes down to your stop-loss, you close the trade, then it surges 3x mere moments later leaving you with a loss and a lot of frustration. Cool

There's probably only 50% of the 10% of profitable traders that truly make money consistently to be a semi-professional bedroom trader. Some of us either become part of the 10% ourselves or lose all of our money.
I agree with what was said about the majority of us being among the 10% and I believe the reason is that crypto traders are involved trader trading against the rich and smartest people in the world. This is why I placed a high priority on the crypto I choose to deal with, the type of trading choose, and the trading platform I use since the market is full of ups and downs. The best practice will always be going for things that already minimize the chance of making losses.
Another thing I do is that I don't day trade and I guess it is because I see trading as gambling.
Trading as gambling? It would really just that matter on how you do treat it up on the first place, because if you do have that kind of mindset on which trading is gambling then this is something on what you are currently
doing. There are people who do changed up their lives because of trading on which they could having that another source of income aside from their main jobs. Yes, its not that easy but its not something that impossible
or simply it can be attained and it would really be just that basing on how well you do make out your own trades and this is something that would really differ into each trader because not all would really be
successful into this field but doesnt mean that you wont really be trying it out. Someones success will really be determined on how well they do deal up with things and get engaged into it.

On trading, you would really be able to witness all the possible scenarios that you could really be able to encounter. Your instinct and common sense would really be telling you
that you should really be that needing to adjust and adapt accordingly for you to be able to sustain on the things that you are currently dealing with.
It is really just that usual or casual stuff that you would be needing to do.
451  Economy / Gambling discussion / Re: why do people always play gambling even if they always lose? on: December 30, 2023, 05:18:00 PM
I always hear stories of friends who always lose playing online gambling. I don't know what his purpose to tell his story to me. even it's clear, his story makes him look stupid.

Besides that, in another place, Many young people around to me still play slot gambling even don't have a job and always lose. I wonder where they get the money for deposits? and why they repeat that?. I don't know what the reason reason that doesn't bother them, they should have given up, and changed the game that makes them profitable. if I always lose in the game, I will change the type of game, example If I always lose on a slot, I will change the type of game like sports betting until my capital is back and try the luck again to the slot.

Possible things that they do have in mind;

•Trying to chase out those loses on which minding on having at least some breakeven.
•Looking for some big wins that could change the situation turns upside down
•Playing for fun
•Already addicted to gambling

These are just only common reasons and ways on why people would really be that playing gambling even if they would only just simply lose.
Specially on the time that you do find yourself that having that addiction then it would really be just that hard to break out or would really be able to make yourself having
that on point kind of decision on which impulsive emotions would really be your main enemy into this one.

This is why it would be always important that once you do deal up with gambling then you should really be that sensible on the things that you are dealing
with and you cant really just that make yourself that too careless or too confident on dealing up with something which can potentially make your life
change due to bad decisions.
452  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a Replacement for a College Savings Plan on: December 29, 2023, 09:02:16 PM
At this rate, I am seeing that now most corporate companies plan to remove the college degree requirement for jobs, which will transform the college education long term, and its looking like it won't even be needed unless you're going to be a PhD or a Lawyer etc etc.

The traditional mutual fund / 529 plan isn't really needed anymore if college isn't going to be a requirement, but now I am more so just thinking of a life savings plan is a much better and more flexible option. Maybe just set them each up a wallet and load x amount each making quarterly contributions. By the time they are old enough surely they would have more money in that account anyways compared to the mutual fund, right?

In my country a bachelor's degree is still very much needed to apply for jobs, and it looks like this will still be the case in the next few years so preparing funds for education is very important. Especially considering that the cost of education is increasingly expensive compared to previous years. It might be nice that in your country there are plans to remove the requirement for a bachelor's degree to apply for jobs, unfortunately that hasn't happened in my country.

Preparing education funds by saving bitcoin might be a good solution, especially since my child is still small so it will take a long time before he can go to college. If I start saving bitcoins, maybe the price of bitcoins will be very expensive at that time, and saving bitcoins is the right choice. I like your idea, and in the long time I think saving bitcoin is more profitable than in mutual funds
This is why i dont really believe much if ever this one would really be removed in terms about job qualifications on which if college degree holder wont really be that necessary then job requirements wont really be that hard
as people would really be able to have the chance on applying for a job which it doesnt really need up that requirement. It does have its pro's but usually it would really be having that kind of negative thing. Why?
It would really be something that making people getting hired without much intellect or knowledge on which we know that it might be not a solid indication or requirement but we could really be able to tell
the difference when it comes to this. We do know that hiring that having those educational background is much more better rather to those who dont have.

Im not discriminating to those who hadnt been able to finish their college but there would really be that a significant difference in between. Speaking about College savings plan then i could say that its considerable
but its not something that you could really be having that an assurance comparing into those traditional ways of saving funds. It do falls down on someones choice and preference
in the end of the day on which they do seem that they could be able to fit out.
453  Economy / Gambling discussion / Re: Do you think that this is aperfect analogy of how gambling addiction starts? on: December 29, 2023, 08:28:45 PM
Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion.

Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works,  you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers.
We learn basics of probability at School and it doesn't need much brain to figure out that house edge gives advantage to casino, otherwise they would be very risky business and there wouldn't be any established casino, instead, they either collect money and close or would go bankrupt.
If someone can't do that and can't think that he/she can't get fun from gambling, then they just shouldn't don't gamble. If someone thinks about only winnings and completely ignores loses, that's not good either. Wins rigger your dopamine reward center, it's just a natural thing, doesn't matter whether you win a match in football or money in casino, when you realize the fact that you won something desirable, your brain rewards you via releasing dopamine. One can get addicted to sugar because our brain loves it, it's a quick source of energy and rewards us with dopamine. Everything depends on you, you shouldn't start eating excessive sugar, as you shouldn't start getting high from wins and completely ignore the loses that negatively affect your finances.
Really that all matters or depends on someones common sense but somewhat not all people would really be having that kind of automatic approach on things on which they wouldnt really be able to find out on what are those probabilities for things to happen if they would really be exerting too much time and effort or spending into it specially with gambling. We do know that once you do make yourself having that kind of mindset and involving money then this is where desperation would kick in specially if you would really be that tending to have  those kind of possible recovery about into those money that you have lost in gambling.
Gambling addiction starts on the time that you would be setting up your mind into those goals which arent that even realistic at all or something that cant be achieved.
If you do come up into such condition or idea then you should stop right away.

People do usually end up on falling into the pit just because of those wrong assumptions of things  which they do believe that it could really happen but totally not that possible in the end of the day.Be sensible
and be that responsible on the actions that you are making on which it would really be just that right that you would really be needing to have that kind adjustments basing up on what
you have observed. Its impossible that you cant really be able to make out such assessmement whether its that good or bad.
454  Economy / Economics / Re: Idea and money are very important to investment. on: December 29, 2023, 07:38:46 PM
Both idea and money are needed to establish a good business. Alot of people are out there with good business idea but lack capital to finance it. Also having money without an idea may lead to venturing into a business where one may lose all the money.

I bet that there are more people having an idea than people having funds lacking one. Smiley
The issue is that an idea without money is worthless.
Yeah just having an idea doesn't work if you don't have enough money because any business whether small or big needs capital even if it's a small amount. Without capital it is not possible to move the business forward. So before starting the business think about how long it will take for your business to start earning. If it is one year then you have to think about capital your business will need this one year.

In a business, even if your capital is small, as long as you are good at circulating money, you will surely be able to use the money to grow the business you manage. I have seen and read many articles about people who, from small capital, after a few years, became rich because of business.

Because if your idea is good and you persevere to make it happen, for sure, in the end you will succeed if you accompany it with determination, perseverance, and passion. You will ignore the hardships and patience you will face here.
No one starts on being big if we do speak about business on which we do know that we do start on scratch and it would reallyt be just that normal that those challenges that would be able to encounter would really be just that normal when we are really just starting up. We do know that when it comes to probability and chances of success then it wouldnt really be still that an assurance that it would really be happening into us.
Speaking about idea and money then of course then both things would really be that required on an investment yet you cant really be able to move forward if you dont have one of those things. Yes, you could have the money but you dont have the idea then it would really be just that a useless thing. This is why it would really be that normal that both things do really exist and much needed.

Idea would be useless if there's no money that you could really be make use of, money would be useless if you dont have the idea on which you can start on. This is why everything would really
vary on how you do deal up with things on which there are those people who are really that good when it comes on handling up situations and mindful on whats lacking
and whats needed, and there are those who dont really mind nor care at all.
455  Economy / Gambling discussion / Re: Can you make gambling a profession - a full time job on: December 29, 2023, 01:32:37 PM
This is because when you tell them that you are a gambler and that is what you do for a living, they will believe that you don't have plans for your future. This is because they know the risk in gambling and that you are not serious with your life because it is under a very low probability that you will be successful in life. Some religion don't also encourage gambling as it is an abomination to them.
gamblers will not consider themselves not serious in living life. Gamblers who have special skills for gambling that are not 100% based on slots gambling, then they have a better chance of winning at gambling, so they will continue by improving their strategy. This is different from slots or crash game gambling, the chance of winning relies on luck. Even though he knows the very strong effects of losing, this gambler does not mean he has lost, and this does not necessarily mean that he is not serious about his life.
The truth of the fact is that the ideology people have about gambling/gamblers can never change, no matter how much you claim to see it as a good profession one could venture into, because inasmuch as it's a game whose risk of lost super cede it's risk for victory, it will always remain a game seen not to be worth it as a carrier profession. Because the truth of the fact remains that "to be able to be a good gambler, one needs to have different alternative source of income," through which such gambler uses it to assist his/she gaming prediction, since it's certain that though you may win, you are also likely to lose more too. Hence, gambling should be handled with strict rules to both financial use and personal.
The only time that stereotypes will change is when one have been able to prove to those around him that gambling is not a dead sentence as society makes it looks, although gambling addictions can be life-threatening and at that we have to advocate for people to be aware of it and at the same time make out strategies to keep them above possible gambling addictions.
Most if us have seen that gambling os only harmful when there are addictive tendencies, but aside from that, the positive aspects of gambling also are mind-blowing and shouldn't be looked away from just because of misconceptions or mismisinformation.
Dealing with gambling isnt bad, the bad thing on here is that on the time that you do make things too much which it is really that related to gambling and this why it would really be taking all the blame.
This is why we should really that make ourselves that wary that gambling is really just that for fun and not for income source or making money because once you do have this kind of mindset then
you are really that prone to mistakes and errors or simply you would really be losing money. Its never been considered to be a full time job but rather it is really just that a leisure.
People do mess up just because of the wrong assumptions and treatment that they do have with gambling.

Gambling for leisure and not for making money because once you do make yourself getting addicted to it then it would really be that hard to get out. This is why it would be always better that you should really
know about the limitation and boundaries when doing gambling. It is really just that right that moderation and control would really be much recommended.
456  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Worth buying 1B SHIBA INU ? on: December 29, 2023, 08:05:10 AM
I'm thinking of buying 1B shiba Inu coin on binance <im verified with binance p2p >and keeping hold it for more 10 years I guess. Genuine question, will shiba come to 0.002$  within?
Its your call and its your choice whether you would really be buying and holding SHIB for long term.

Just a few reminders.

1. Making a custodial wallet and holding up assets for long years isnt advisable.
2. Store SHIB into those wallets which you do fully have access or possess its keys
3. Dont make yourself that been too assured for things to be happened positively.
4. Dont easily get shilled or being affected by Fud.

In overall, if you do really know on what you are doing then its your call and dont bother out on someones advises because
we are all investors and speculators on here on which there's no way that we could really be able to predict on what would happen in the future.
457  Economy / Gambling discussion / Re: Are successful gamblers seen as addicts? on: December 28, 2023, 09:12:20 PM
You know before getting to the stage where you're called a successful gambler. That means you have pass through alot of stages before getting there. And one of those stages are uncontrollable losses, addiction etc. So to be a successful gamble doesn't mean you must be addicted because most successful gamblers have already know the ways to handle such things. Because without having good control of you gambling habits you can't become a successful gambler at first . Is through your luck and your principles in gambling.
Are you saying that before you can be a successful gambler you must have gone through some kind of regular losses that one cannot control and as well addiction? Buddy it's all wrong. Some gamblers are just lucky that during their first month or week of gambling they got a massive cash out. Sincerely speaking, in my country a guy took a bet from a friend, and this was his first time. He asked for games, and they gave him. He used a good amount and staked it and was lucky to win very big. Ever since that day he stopped gambling and was very successful.



Right. Becoming a successful gambler doesn't always mean you have to go through a bunch of losses and addiction first. Sure, some folks might hit it big from the get-go, and that's their journey. But the sustainable success stories usually involve more than just luck. It's about knowing the games, having some strategy, and being disciplined in your approach. Not everyone faces uncontrollable losses or addiction on their way to success, some people manage to avoid those pitfalls altogether because when they experience small losses, they pause. Or when they experience big win, they pause too or stop.
Easy to say but it is something that would inevitable to happen considering that gambling would really be involving tons of losses on which we cant really be that lucky all the time on which it would really be that inevitable that you would really be finding yourself to be that impulsive on some point. I could humbly tell that im a type of person whose discipline and having that good self control and mindset on which whenever i do decided on dealing up with things then i do really know on what i should gonna do but on the time i do made myself to have some involvement with gambling then it cant really be that resisted that there would really be a particular
time that you would be finding yourself to be partly that addicted specially on the time that you are chasing up losses.

On the time that you would be considering yourself to be that in the losing side then recovery would really be the main thing that comes up into your mind. Even if you are really that
disciplined type of person, then it cant be resisted for those emotions not to come out, if ever you've been able to experience such actions that has been made which reflects out
on being an addict then better to avoid it out and cut it off midway.
458  Economy / Economics / Re: The Role of Education in Financial Literacy on: December 28, 2023, 08:24:46 PM
Lack of financial literacy is one of the reasons for quite massive poverty of the population. The reason is banal - many people do not really understand what money is, do not effectively earn, foolishly spend,... Financial literacy should be given from the 1st grade of school, and the game "Right earning and right spending" - in kindergarten!
In some countries, financial literacy is a government program. Study, for example, how this process is organized in Finland - from the curriculum for the youngest children to courses for adults.
     Education is key in every aspect of life. Let no one be deceived that education doesn't pay. Even if it doesn't pay financially, then it pays in several other areas of living. Ignorance is a disease and illiteracy resonates ignorance too, so both have an adverse effect. If something is unknown, then it's only right that knowledge on that subject is acquired as it'd aid further dissections and acquaintances to it too.
     Without the right mindedness to how finance is generated, managed, should be expenses and should be saved, then financial stability isn't certain. One has to know what he's doing before he can even try to be perfect at it. Without the right financial knowledge being grasped, then I'm so certain that it'll be difficult to bask fully in a financial environment. Finance is one key factor in the world today and once an error is made on it, then it sure would affect other factors of living in their own separate ways.
Yes, this is something that we could have and no one could be able to take it from us in speaking about the knowledge and the skills that you would really be able to know when going up to school or finishing up a degree.
Yes, it doesnt assure out that you could really land a good job after graduating but in speaking about the knowledge that you have gained through all the years that you can make use into your future endeavors or even
just into that casual operations in life or those activities on which having awareness on things does really that having that kind of advantage for those who are aware on the things that happening around compared into those people who dont able to touch up college or finishing one. Im not saying that we are smarter to those who had finished considering that success could really be still obtained into those people who hadnt been able to finish up their studies but its not something recommendable.

Financial literacy is something that could be learned though of which with the easy access or simply the accessibility that we do have into this era is really that make things that much more faster
and simpler on which means that it isnt really that something that you could really be able to skip out if ever you are really that tending to learn it.
459  Economy / Gambling discussion / Re: Can I dodge KYC using the his medium. on: December 28, 2023, 06:44:04 PM
Is it possible one can dodge KYC verification request after winning a big amount of money and decides not to withdraw a lump sum but bit by bit in smaller amounts. I have read many posts talking about how they wanted to withdraw the money they won but due to the amount they wanted to withdraw was big, they were asked  pass kyc verification because they never did when they first registered.

It depends on the casino that you're using to gamble, some casino will request for kyc when you want to withdraw and it doesn't matter the amount but some requests for very small information and you won't have to provide any documents to confirm. When you're gambling with those casino that won't bother you about fully about their kyc verification, you don't have to withdraw big amount of money or it'll get their attention and you'll need to provide full kyc.

Withdrawing small amount is a good way and strategy to avoid kyc but to avoid problems in the future, it's better to just complete your kyc verification so the casino won't have any reasons to deny you you're payment in the future when you win a big amount and need to withdraw it from the casino. When you do your kyc verification on time it saves you future stress.
Yes, this would really be that depending on what casino or where you playing with because there would be platforms that would immediately asking out automatically about having KYC once you do win up that big and make out some withdrawals. Im not really that sure if a certain player would be deciding on taking it on small parts in terms of withdrawals whether it would really be triggering out that kind of possible ask of those verification.
For sure they would really be still considering on having that kind of halting such requirement and the platform might be thinking that you would really be gonna spending it again on playing in the house on which
they might be allowing those small withdrawals but actually this would really be that a matter of control. Why? It is really that hard to resist on not to make that all way kind of withdrawal rather than on doing it on increments.

So far, basing up on awareness or experience i havent seen one do have that kind of complaint or just simply missed it or there were no incidents or issues such as this just because it was something that been able to avoid those KYC verification or in relation to this. If ever there would be those huge winners who would be able to confirm this then it would really be that great but it is really hard to find one
since majority of gamblers would really be considered to be losers.
460  Economy / Speculation / Re: Your feelings if Bitcoin price takes your expectations unaware on: December 28, 2023, 12:01:23 PM
As a short-term goal Bitcoin Investor whose eyes has been on the Bitcoin market and has accumulated as much Bitcoin while expecting the bull-run markets to come and skyrockets so you can sell you Coins at a profitable higher price, and then you wake up lately maybe at night or sometimes in the morning and learns that Bitcoins value rate (Price) hitted the market even times 3 of what you expected for example, you awaits the market to hit $65K and then it hits $165K just at your slightest mistake of given the markets charts monitoring maybe few minutes or an hour break and then it depreciated unimpressively against your will probably even below your hodling value at your notice, how would you feel at it?

Psychology is an important factor in investing. If the price suddenly increases or decreases unexpectedly, the reaction will be determined by the increase or decrease in the price. If it rises unexpectedly and reaches the price the investor has set to sell, this is a perfect event. If the price drops unexpectedly, then the investor may react unexpectedly.

Most people don't want unexpected things to happen in their lives. He prefers things to progress according to his plans. Our reactions to unexpected situations may differ.

Of course, we want the price to reach the level we want, but the market moving in unexpected ways is often not good.
Psychological aspect and emotional aspect on which these are the things that you would really be able to felt or something that could be affect you personally on which it would be just normal since we are risking our money or funds on here on which we do know that no one really likes on losing money on which it would really be that normal to have those kind of reactions.Important thing on here is that you do really know on what you would gonna do on the time that you would be able to experience out such condition.  Expect the unexpected on which it is really just that normal for this market to have that very volatile condition on which it is really just that normal that guesses and speculations would neither be a bit or miss.

Important thing here is that you do make yourself that prepared for whatever situation that you would be facing on. Market could go upside down without or with having those reasons behind. This is why it would be always best that you should really know on how to make yourself be able to adjust on such scenario or condition. You cant really just that make yourself that easily panic
and getting hopeless just because of wrong guesses and speculation. Just pursue and continue on things.
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