I managed to at least recovered 80% of the value that I lost but I still succumbed to the depths of gambling and eventually lost everything again. The problem here though, I was too greedy knowing that I could have recovered my losses by starting slowly. But my inner demons took my self-discipline and control which ultimately led to my defeat at the end.
That is why gambling cannot be profitable especially if you have that kind of mindset. If you lack the necessary control and you do not know when to stop, you will eventually exhaust your resources faster than drinking a glass of water.


This is actually true and based from my experience. With the pressure stuck in my head, I still mourned from my losses and I failed to moved-on from it. Due to that crucial mistake, it led to the exhaustion of my resources faster. If you actually know how to discipline yourself, you can prevent mistakes like these and go home with a smile on your face!

Investors take advantage of its nature being highly volatile, which makes it the perfect candidate for a short/long-term investment depending on the person's goal. In addition, investing into cryptocurrency can be less complicated compared to conventional investments since you only purchase the coins and wait for its value to mature enough to be converted back to cash. Although it may yield large profit margins, it is also a double-edged sword since its risks are directly proportional to the rewards.
On the other hand, some people appreciate the blockchain technology since it revolutionized on how it addressed the elimination any third-party trust.


A cryptocurrency platform will not help you to become rich but it provides an opportunity for someone to earn bitcoins through exchanges. I would not say that trading is the best way to earn wealth as it is a very complex and complicated method.

No but it may help an individual with regards to their mental health and approach to losing. Regardless of your mindset, your capital, or anything else, gambling revolves around LUCK. If the odds are not in your favor, then you are bound to lose.
In fact, having that kind of mindset may be a double-edged sword to the person gambling since it has the potential of creating addiction as they DO NOT STOP GAMBLING.

Remember, the only way to win in gambling is by knowing WHEN TO STOP and self-discipline. Without those two crucial factors, an individual may succumb to addiction and ultimately be bound by the chains of it.


That is actually true. Although there are techniques available to mitigate the chances of losing, everything really revolves around luck and the odds. This one crucial factor is what makes this impossible to master at all. Sure there are people who became rich due to gambling but you also need to consider that THEY ARE LUCKY and MOST ARE NOT.

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1022860;sa=summary
Current amount of posts (including this one): 1096
Current amount of EARNED merit: 16
Rocket.run username: qwertyup23

Would love to work with you again, sir Hhampuz!
Will wear signature and avatar once I get accepted! Sorry for the hassle!

There is also another third-party trusted exchange platform which is local that can offer various services and exchanges. Before, I used to convert my bitcoins to game currencies but I realized its true worth when its price suddenly skyrocketed from $4,000 to $15,000 back inn 2018. Learn from my mistake, use your bitcoins for emergency purposes only as you are losing more value in the long-run.


There are local exchanges that can be trusted when dealing with these kinds of transactions. If you have trouble trusting, there are alternatives that accept cryptocurrency as a payment in some stores and services.

Gold has existed ever since the world was created but its value value began when people started trading goods. Bitcoin, on the other hand, was published last 2009-2010 by Satoshi Nakamoto. Comparing both gold to bitcoin is like apples to oranges as they are different from one another, although they are both considered as investment instruments.


Like what I have mentioned, one cannot compare gold to bitcoin as they have different properties and nature, although both are considered by investors as opportunities to gain large amounts of profits.

Unfortunately, most of the interesting topics are overshadowed by the sheer volume of posts required by most campaign signatures. The attention is mostly focused on completing this quota and topics that are actually interesting are ignored.
I find topics interesting under off-topics and the serious discussion as everyone seem to reply with thought and maturity.

This post really gave me a good chuckle. I mean if you are attempting to scam someone (please do not even attempt to do it!), at least make an effort in providing pictures or information about your project! The fact that he also replied to his own posts made it perfect!

Not sure if this was posted already but it really gave me a good laugh:

The odds of winning are definitely slim but regardless, one cannot deny the fact that you can still win. I do not want to circumvent the argument but there are people who are relatively new into buying lottery tickets and they won. All really depends on your luck and if you are willing to spend a portion of your income into this aspect, then why not?


Some people embrace the luck and others do not. If you are not willing to spend a portion of your income into purchasing lottery tickets, then feel free to do so. Maybe most of us think that way. I guess the suggested method would be buying lottery tickets whenever you just feel lucky or intermittently.

Well according to this article, IMF determined that the inflation of venezuel would be 1,000,000% for 2018 and 10,000,000% for 2019.

As crazy as it may sound, that is the situation of the country right now. The supply of currency is significantly high making its value worthless to purchase any products. Not to mention, all of their supply of food, water, etc. are scarce in supply.

Before you invest your cash, you already grasped the concept and accepted the risks of losing your investments. But in order to lower the chances of that happening, you must be responsible enough to study and research about the market on your investment. If you fail to do so, then you succumb to the risk of losing everything. You may be right that your cash is not guaranteed to bear fruit but it also depends on your capacity and knowledge about the market.



Unlike in conventional investment methods, investing in cryptocurrencies bear the higher risks due to its high volatility which is primarily dependent on the law of demand and supply. It may be a double-edged sword but the profit margin is off the roof. You must be responsible enough to study and research about the market to lower the chances of losing completely your investments.

There may be no platform that accepts bitcoin as an alternative method but at least there is an option to convert your bitcoins to fiat directly. Furthermore, there are also services that let you pay (i.e. mobile load, game currencies, etc.) which makes everything convenient.
We might be using the same exchange platform and I think it is remarkable that there are lots of options available.

I treat my bitcoins as my alternative income. I only use them whenever I ran out of cash but I always save a portion of it for future purposes/investments.

Remember the times when we used to play outside as kids, playing games with friends, eating and sleeping, without knowing the harsh and dangers of the world? Those are just some fragments of my past and innocent life.

Adulting, is indeed scary. I have to embrace every decision that I make including all the consequences it follows. I have made bad decisions while growing-up, I regretted most of the things that I chose not to engage myself with, and I missed a lot of opportunities that could have made my life easier now. But all of those experiences and regrets taught me an important lesson: the only failure is when I stop trying/striving.

OP, change is the only thing that is constant in this world and we do not have any choice but to follow it. The world will never revolve around us but we adapt depending on the situation.  If we live by the shadows of our past, then what would become of our tomorrow and future?
You are right. Expenses are piling up, bills everywhere, debts incurring, and obligations that we need to meet every now and then are a pain to deal with but this is just the start of life. Do not let this sway or deviate from what your true goal is. True success starts from the mind and slowly from your actions.

I wish you guys good luck in the future and may adulthood bring good health to everyone.

The problem stems from people who view gambling as the main source of income OR an alternative way to pay debts or make a quick buck. They embrace the risks despite being a double-edged sword and from there, the result may either make or break their entire lives. Just as you said, people who have self-control and discipline know how the game works and they can avoid succumbing to addiction.


The risks are definitely high and their minds have been blinded by the amount that someone could possibly win. Just like any other addiction, it can totally hamper the decision making of an individual and ultimately affect their surroundings. Maybe the best way to avoid such risks is to completely not gamble at all.

I think what matters more is the quality of the posts rather than their inactivity but it is your responsibility to thoroughly check them.
Everything is in your discretion as you are the campaign manager but it is your burden to maintain that type of standard.

There are three (3) ways on how to earn bitcoins without having to spend, namely:

1. Doing faucets;
2. Participating in campaign signatures/bounty campaigns; and
3. Doing specific services for people under the marketplace.

I do not suggest doing faucets as I heard that the returns are relatively low for the time that you spent. Simply, it is just not worth it.
For campaign signatures, you are required to make constructive posts and slowly rank-up your forum account in order to qualify to the minimum requirements. This may take a CONSIDERABLE amount of time especially if you are new to the cryptocurrency world. Lastly, if you are skilled and gifted with talents or someone demanded a specific service, you may charge them with bitcoin and do the said service.

Earning cryptocurrency is all about passion and dedication, just like any other dream. If you do not strive to earn and to take some effort in doing, then you will not able to earn without investing any capital.

If Satoshi were to be active on this forum, he would only endangered himself as people would start to track down his IP address. But things would be entirely different if he were active as all ambiguities would be addressed and answered. In addition, there would be constant updates and improvements to the blockchain that would benefit more the community.


1. If he were alive, I bet he is just waiting and watching the market;
2. If he would expose himself in the public, he would put his life in danger as people might kill or even kidnap him;
3. I think he kept a reasonable amount of bitcoins. Maybe he is also an investor like one of us and he's making millions right now.

Now that the Philippines has already established a cryptocurrency ATM, the next step would be the widespread of knowledge about cryptocurrencies to attract more people and potentially create new investors. Slowly, the country is heading towards the evolution of payment- which would benefit (like what you said) both the user and the country.

I wonder what would be the next move of other big banks (such as BDO, BPI, Metrobank, etc.) and if this affects their decision on accepting cryptocurrencies as well.


Interesting. This is to be expected as monopolizing and establishing the first cryptocurrency ATM would result to high transaction fees and prices. Well as far as I know, only (1) ATM has been established as of 2019. Give it some time to ripe and the fruit will bear once people know about cryptocurrencies.

Assuming that when you gamble using resources OTHER than fiat, you are gambling online, let me provide you a list on why most people prefer using cryptocurrencies/digital cash:

• 1. Gambling online provides convenience to the user as it eliminates the need to visit casinos;
• 2. Gambling online provides anonymity to the user if they preferred to be unknown;
• 3. You have the option to choose which resource you can gamble, thus making it versatile;
• 4. It is relatively safer to gamble on your home; and
• 5. It can actually help someone to control/limit their spending if they are gambling using cryptocurrencies (as they are scarce).

I hope this answers your question as I already summarized some of the reasons on why I think people gamble cryptocurrencies than fiat.

The blockchain technology will definitely be utilized in the future as it is the prime example of a revolutionary technology that would shape the next generation of payments and transaction.

Unlike our current transactions, we rely on third-party users for their trusts to keep our moneys safe or for the information that they claim to be true. When we apply the blockchain, it eliminates the need for any third-party users to handle our transactions since all history of payments would be reflected in a public ledger accessible to everyone. What is the relevance? All information about the history of its transactions can be seen and no one could ever tamper or change the information.

From this standpoint alone, the blockchain technology has unlimited potential for transactions and it we may expect it to be used in the far future.