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4921  Economy / Gambling discussion / Re: ⚽ Football Friendly Match is Hard to Predict on: June 20, 2023, 07:45:29 AM
This is normal, after all friendlies are not things that you are suppose to bet on, it is a thing where teams just test out tactics and players get in shape and learn to play with each other because not everyone played for the national team all the time, so some players are new, and they need to learn to play together. I personally believe that any friendly is not good to play, club ones are not that good to bet on neither, because teams do not care if they win or lose, that's not the point of a friendly.

There are some of them like friendly cups, in which case that could be important because they may care about it, but even in those cases it is not really that much of a big deal and teams rarely play to win those games at all.
Betting extends beyond outcomes, encapsulating team dynamics and players' performances. New recruits introduce unpredictability, creating a platform to evaluate their potential. Your claim that outcomes dont concern teams holds some truth, yet misses the mark. Winning, while not the sole aim, provides players an avenue to establish their value, lending relevance to matches. Friendly cups, though seeming less significant, hold prestige and boost team morale. They may lack the cut-throat competitiveness of championships, but labeling them as trivial play is a gross simplification.
4922  Economy / Gambling discussion / Re: Cricket match prediction discussions on: June 20, 2023, 07:28:19 AM
There are a lot of teams playing in the qualifiers. It would have been great if at least four teams qualified for the World Cup from this. They could easily do that because it is not a hard job to select 4/5 teams from the 10 that are playing.

But of course, ICC is not interested in giving these teams any chance and they are only interested in making sure that West Indies and Sri Lanka qualify for the World Cup because that is going to generate them better money compared to if some associate country qualifies.

The official explanation is that the media rights holders (Disney-Star) doesn't want smaller (i.e Associate) teams in the world cup. So the number of participants was reduced from 16 in the 2007 ODI World Cup to 10 as of now. But then the question remains. If only 10 nations are participating in this tournament (out of that 5 from the South Asian region), how can you call it as "World" cup? There should have been a middle way, which would make sure that some of the associate nations get to participate and also the media rights holders are happy. But as of now, not even all the full members (12) are included in the world cup.
Honestly, this feels like ICC's just pandering to the media rights holders rather than actually considering what's best for the sport. Yeah, sure, Disney-Star doesn't want small teams, so let's just kick 'em out of the park, right? But hey, why stop there? Why not just play India vs Pakistan or Australia vs England for a month and call it a World Cup?

This just seems like ICC's still stuck in the 2007 World Cup hangover. Hey, can someone get them a cold shower already?
4923  Bitcoin / Bitcoin Discussion / Re: Without money, the knowledge is a waste on: June 20, 2023, 07:09:17 AM
Money is good, but knowledge is better. Both works well to compliment each other to a certain extent. Having the knowledge and not the money to invest in what you know leads to the what is called 'Knowledgeable broke person'. Aside from Bitcoin, in the general scheme of life, it's like learning a trade or handiwork but not having the money to set it up for yourself. You could do freelancing, raise some capital and set yourself up.
In all, money is very necessary to make the knowledge come to fruition.
Your observation of money and knowledge being complementary forces rings true, especially in the world of Bitcoin. The cryptoverse demands a blend of insightful knowledge and savvy investing. Without sufficient monetary power, knowledge may seem like an underutilized asset.

In the realm of Bitcoin, this duo acts as the catalyst for success. The well-versed individuals with modest means can exploit the opportunities like crypto mining or earning Bitcoin through freelance gigs. Hence, even if one's financial capacity is limited, the knowledge of Bitcoin and blockchain technology can potentially unlock numerous avenues to accrue wealth. This is the democratizing power of Bitcoin – it provides an arena where knowledge can truly be transformed into wealth.
4924  Bitcoin / Bitcoin Discussion / Re: Bitcoin Forever on: June 20, 2023, 06:48:12 AM
bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

If one has learned the pattern of Bitcoin market, he will never panic sell or worried about its price during the bear market.  Instead, he should be happy DCA-ing as price fluctuate because we all know that after the Bitcoin price crash, Bitcoin has the ability to recover and rally upward which often breaks its ATH.

Only those who do not understand nor are willing to understand Bitcoin sell in an instant whenever the price crashes and I find this a good thing because in the end only people who have strong trust on BTC that will be left.


I couldnt agree more. Understanding the Bitcoin market's rhythm is a prerequisite for surviving the volatile waves. Those who cant weather the storm might as well stay at the shore.

DCA is indeed a savvy approach during the bear market. It mitigates risks and averages out the investment costs over time. And with Bitcoin's proven track record of rallying after a crash, DCA has the potential to yield remarkable returns.

The selling spree following a crash often results in an environment where only the resilient hodlers remain. This not only creates a robust Bitcoin community but also reinforces the foundation upon which the cryptocurrency thrives. Your views echo the very sentiment that underpins the spirit of Bitcoin and the wider crypto world.
4925  Bitcoin / Bitcoin Discussion / Re: Investing in Bitcoin in Student Life on: June 20, 2023, 06:06:29 AM
I don't really get if it favoured you but let's say it did and you smile to the bank do your thing, your happy right?
Let's look at it on the down side of it and it didn't fall in your favor, with the way Bitcoin is going up and rapidly coming down, don't you think it would aftect you emotionally or even affect you in your academics? Can you concentrate in school? How would you cope knowing quite alright that you have lost or not getting a bigger profit.

To me investing as a student is like a distraction because you might or should I say you'll lose focus, having a distraction in class is just not ok with me, is like serving two masters at a time. In as much as money is involved we just need to be careful in making decisions in life without being selfish.
If you can work during your student years without compromising your studies, then I only support such an initiative. If during your studies you can save some funds and invest them in order to increase them, then this will be a very good bonus for you, since young people rarely think about this at such a young age. They believe that you need to live for pleasure while you are young, and we will think about money when we grow up, but this is not a very good attitude, because after receiving a higher education, you will have to study at the school of life, learn to earn money, invest, this will still have to will learn.
Dont forget, all investments bear risk, and Bitcoin is no exception. Yet, this very instability is a hotbed for grand returns. Smart and disciplined crypto investment can result in substantial rewards. On juggling academics with investing, Bitcoin investment isnt necessarily all-consuming. There's no rule that pitting investment against academia. They can cohabit.

Responsible investment can be a priceless lesson for students, offering insights into real-world finances and global economics' complexities. This isn't about splitting loyalties, but honing multitasking skills and learning responsibility management. Bitcoin opens up avenues to decode economic mysteries.
4926  Bitcoin / Bitcoin Discussion / Re: Smart Way to Introduce Bitcoin to Relatives, Spouse or Family on: June 20, 2023, 05:48:48 AM
-The first step keyword is the “Difference between Money and Currency”. So we tell about this.
-The second step keyword is “Issue or problem of our Fiat currency”. So, we can give an open question regarding the problem of our fiat currency.
-The third step keyword is “Change in Global reserve currency”.
-The fourth step keyword is “Bitcoin versus currency”.
-The fifth step keyword is “why not gold?”.


That's all. No need for weird jargon like talking about; Ledger, hardware wallet, blockchain, and so on. The point is that those who don't understand Bitcoin get the essence first, get the why first. After the why clicks with them, it's easier to guide them to the next step, which is “Buying Bitcoin".

Note : Remember, if you want to change people's minds, don't use too much technical jargon. Don't use too much data. We want them to understand, not to make us look smart.

I deliberately made a post on the bitcoin discussion to receive suggestions and input, maybe there is something I need to add regarding the topic that I created. And hopefully if there is an error please give feedback.
i found your steps not that good enough (no disrespect) but you said we should not become technical jargon but crypto/BTC is technology so you have to step your foot into the river of technicality. Lets take an example, i am a newbie i know nothing about crypto back in 2018, and all i thought is BTC is some source of free earning, like all we have to do is click after every 24 hours on online mining platforms and money is being generated, well, after getting slapped on the face i left crypto, and in 2020 one of my friend help me to understand crypto/btc how?.

Well, first, i am not a traditional person and never involved into banking sector, so i did not aware of the traditional market or finance problems, i did not even aware of the global reserve cycle problem, so, what i learn is, how BTC is developed, Why it exist, Who is running the blockchain, What value it has in its decentralization and why we should value it too? How BTC is gaining value while it is just a programming or a block of code? How transactions are being made?

These types of question i learnt first, at that time there were no AI tools like gpt but today anyone could quickly learn these things in no time.

The point is, teaching your family and teaching anyone, requires different approaches, we cannot jut use the same strategy to teach them because they already knew what money and currency is but they are eager to learn how Blockchain is important with BTC and why BTC is gaining value, How can we get benefit from it? and instead we are teaching them the inflation, and global crisis and financial cycles and etc. Never compare Gold with BTC in front of traditional people because they will give up on BTC at start, Why? because they have spent more than you talking and listening about gold then BTC.

Yes, we must simplify the Bitcoin narrative to appeal to a broader audience, but we cannot strip it down to the point where it loses its essence. Bitcoin is a technological solution to a socio-economic problem, and to fully appreciate its value, one must understand some of its underlying technology.

Bitcoin was born out of the need for a decentralized, peer-to-peer form of digital cash that was resistant to censorship and tampering. If we aren't talking about the decentralization or the ledger, we aren't talking about Bitcoin.

Also, Bitcoin versus gold is an inevitable comparison that comes up when discussing stores of value. Avoiding it altogether doesn't do justice to Bitcoin's unique advantages. For instance, while gold is physically finite, Bitcoin is digitally finite and has advantages such as easy transferability, divisibility, and immunity to physical damage.
4927  Bitcoin / Bitcoin Discussion / Re: Is there a glyph for a Satoshi on: June 20, 2023, 05:29:00 AM
It's commendable that you're integrating Bitcoin and Satoshi into your platform – a testament to the growing influence of crypto. Using "SAT" as a placeholder does make sense, however, it might not resonate universally, so your concerns are justified.

About satsymbol.com's proposal, it's indeed aesthetically pleasing and culturally significant. Yet, consensus, especially in a decentralized environment like crypto, is often elusive. That being said, I remain optimistic. We, as part of the crypto community, can voice our preferences and expedite the process. I encourage you to continue your efforts to support Bitcoin and other cryptocurrencies. You are one of the bravest
4928  Economy / Exchanges / Re: Explain this to Me Like am a Five Year Old on: June 20, 2023, 04:57:07 AM
SEC saw nothing on CZ, some people believe that CZ is corrupt but that's not the case, with they way this is going, SEC wants something from crypto, some kind of settlement and agreement, it's always about the money, they don't enjoy watching people like Brain and Zhao getting all the crypto goodies, it's pure jealous and envy, where are these people when crypto was nothing?  Grin Grin Grin

All I can say is, if SEC really want to put an end to crypto, Bitcoin should be the main target, why didn't they go after Bitcoin? This is very laughable, Bitcoin seem unstoppable for them I guess, because there is no one to sue, hahaha, I am not worried, not at all, because this whole war will make Bitcoin even more bullish, lets wait and see what happens next.

I agree with what you are thinking about SEC, they just want money, and their greed is getting bigger and bigger when they see the potential of this crypto market. And you are right, the SEC is targeting bitcoin, but since they have no direct way to stop it and are hitting what they think will affect the growth of bitcoin. But they were completely wrong because even if Binance or Coinbase fails, bitcoin will still stand and grow in a different way. They will have no way to completely stop bitcoin.
The SEC' latest activities have stirred the crypto community. While many claim this is about envy or muscling in, I propose a different viewpoint.

Regulators like the SEC aim for fair, efficient markets. Their probes into leaders like CZ and Brain may seem intrusive, but they might be striving for crypto to match the stringent standards of conventional finance. Regarding Bitcoin being the SEC's prime target, remember Bitcoin's decentralization and lack of clear leadership complicate regulation. While Im all in for crypto' lucrative prospects, I urge prudence
4929  Bitcoin / Bitcoin Discussion / Re: We shall separate commercial exchanges from investment exchanges on: June 20, 2023, 04:38:56 AM
If you really want to see how stringent the regulations got, see what was passed after the housing market crash in 2008. You would be surprised at how much banks are able to get away with knowing they have federal regulators that will jump in if they need liquidity. As of March of 2020, U.S. banks literally can loan/invest 100% of depositor funds through the fractional reserve banking system -- they don't need to keep a single cent of client funds on hand. Doesn't sound like they're highly regulated with that type of freedom.

Be specific, what exact regulations are you suggesting? Establishment of an FDIC type insurance program?

something that will break your mind
banks dont lend out depositors money.. .. are you shocked??

they CREATE money when they set up mortgages. yep thats right new money.
they were limited to only create new value to a ~% of inflation against total value on deposit.

thats where i think you got confused about the fractional reserve part. they dont borrow deposits. they create a X% of new value compared to deposits when they create mortgage loans
..

the other different "fractional reserve system" was something else. it was where when people deposit bank notes to get bank account balance..  those bank notes were to be burned when creating electronic account balance.
but banks then had to have small <10% (of the electronic bank balance) to hand in the form of new bank notes to honour account withdrawals. which is where the banks then bought (at face value) crisp new bank notes. which meant the US Mint(treasury) got money for the fractional reserve
however due to most people now using visa/mastercard for payments instead of cash via ATMS the % of fractional reserve has decreased to nearly nothing

the treasury(us mint) didnt like getting less and less income and are now making a CBDC to replace the need for banks and visa/mastercard where the treasury again takes more control of citizens accounts and takes any fee's or investment plans they can create from CBDC

and now you should be fully uptodate of how the system has and does and will work
Indeed, banks' ability to create money via loans, not simply lending depositors' funds, resonates with me. Yet, remember, this sits within a governed system, vulnerable to issues like inflation if mishandled. The fractional reserve system, while partly correct in your depiction, lacks depth. True, banks hold a modest portion of total deposits as reserves, but it's more intricate than you suggest.

Regarding CBDCs, their ascent is noteworthy but not a game changer. They won't oust banks or decentralize currencies like Bitcoin. Cryptocurrencies offer an escape route from conventional finance, giving a financial autonomy that inherently centralized CBDCs may not rival.
4930  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Volatility Problem on: June 20, 2023, 04:16:20 AM
Bitcoin's volatility can present hurdles for users and investors. However, it's essential to recognize that such volatility also propels opportunities for significant returns. This volatility has catapulted early investors into unprecedented wealth.

Regulatory challenges, in my view, signify evolution more than a disadvantage. Decentralization, the heart of Bitcoin's value, provides an innovative transaction mode sans central authority. It potentially grants more liberty and flexibility, albeit necessitating increased user responsibility.

Moreover, regulation isn't always a safety synonym. We've witnessed numerous regulated markets tumble into scandals and crashes. Bitcoin's self-regulation via network consensus offers a distinct, grassroots mechanism for maintaining order and value.
4931  Bitcoin / Bitcoin Discussion / Re: Bitcoin gift to wife on wedding. on: June 20, 2023, 03:54:19 AM
She will definitely gonna appreciate it as a gift, if only the next day Bitcoin price grows Smiley But if she will see a price reduction during a good period of time, she might really get disappointed. OP, also think how you will look in father-in-law and mother-in-law eyes, and other guests. If you gonna give your present on public, are you sure everyone gonna understand your gift? If you do it privately, she will tell her parents about that gift anyway. If they are not tech guys, and she is not a tactical person, you will end with a guy who gave a virtual gift... I would better think of a more romantic gift, but later just give half of private key to her.
Honestly, I don't think mentioning bitcoin in this case makes sense. The wedding day is the most important in every woman's life, so do whatever makes them as happy as possible. If the bride doesn't know anything about bitcoin, it would be ridiculous to give it to her, I really don't like the idea.

Moreover, he said that bitcoin is not legal in his country, and giving bitcoin on his wedding day is no different than declaring to everyone that he is investing in bitcoin. This may cause his small family more trouble than make his wife happy.
It's not everyone' cup of tea, especially if Bitcoin exists in a legal fog in your land. But, dont ignore the high growth potential of this unorthodox gift. If the bride and her clan are progressive, they might appreciate this future-ready move.

Consider this, Bitcoin, despite its wild price swings, has charted an ascendant path in the long run. If the bride can hodl, the gift might balloon in value. It's a risk, but isn't investing always a gamble?

However, I concede that this demands tactful handling to sidestep legal or societal consequences. Educating the bride and her family about Bitcoin before presenting it seems sensible. It could spark intriguing chats about decentralized finance and money' future at the reception!
4932  Economy / Gambling discussion / Re: Success or Fail? - Talking about Gambling as a major income on: June 19, 2023, 09:12:01 AM
*sighs* here we go again with people trying to justify gambling as a source of income when they can easily just fill up an application form and get themselves a regular 9-5 that doesn't put their entire savings and their family's future in the line.

First off, are you good at gambling? Do you win more than lose? Do you think you have what it takes to take on the pro scene and be pitted against people who have probably cracked the secrets to the game way before you did? Second, Are you really willing to put your stuff on the line for some strategy you saw on the internet, even worse someone you heard from? I'm not that belligerent and gullible but I sure as hell know people will fall for this kind of crap. I mean there are people who used gambling consultation services lmao.

Gambling is not a form of profit-taking venture. It is an entertainment method that you do when you want to wind out and experience the joy of spending money you don't mind losing. If you think of gambling otherwise, and you're not any of those two I mentioned above then you might wanna ask yourself if you're still sane or something.

People will learn quick that relying on this industry for their income as they will put their family in trouble.
Do remember, most gamblers are having financial problems, hence, the negative stigma when someone is into gambling.
The likelihood of failure is high when you put yourself into this habit. Very few persons can get out alive whether short-term or long-term basis.
So to make sure you are putting something on your table, better look for a stable job and not think that gambling will ever sustain your lifestyle.
A lot of people are getting trap to the idea of hitting big one day, but we all know, most of the time, such luck won't ever come.
And your family can't wait for such luck as you need to put something in your tummy to survive. Don't exchange it to the concept of hitting the jackpot.
Gambling, conventionally, has a reputation for precipitating financial ruin. Still, its key to comprehend that it also offers potential rewards. Like all financial pursuits, it necessitates apt risk management, unwavering discipline, and a firm grip on probabilities. I align with the view that haphazard gambling for constant income is unwise and often disastrous. Yet, gambling with a calculated strategy, practical hopes, and stringent self-limits can serve as legitimate leisure and, rarely, a gainful venture. Moderation and financial acumen are crucial. With the means and insight to gauge the odds, betting can be an electrifying, occasionally rewarding diversion. However, it should never be the sole income channel or a financial problem solver.
4933  Economy / Gambling / Re: Punt.com on: June 19, 2023, 08:48:03 AM
It's really very stressful to play gambling that depend on luck but there's nothing you can do to change that result, in a few days it's possible that people get luckier and manage to hit a big multiplier, but even when the person when this person hits a large multiplier, when looking at the statistic, you will see that he had many losses and few victories, but as this person was lucky enough to hit a large multiplier, then this person is in profit, for example if in your case with these statistics you had hit a big multiplier

you wouldn't be irritated with these statistics, you would be celebrating at that moment, so if you keep playing solts that are things that depend on luck, you shouldn't be complaining with these numbers and you shouldn't look at the game as a source of income or profit, because you can already see that the chances of hitting a big multiplier are very small, out of 370 games you only had 38 hits, so it's a very small number of hits and a big sign for you not to see the game as something profitable because it's not profitable, if you had continued to play you would not have changed this losing trend
It appears theres a bit of a misunderstanding about the concept of "provably fair." The phrase doesn't necessarily imply you're guaranteed a win, it refers to the transparency of the gambling process. Each roll, deal, or spin you're making is demonstrably random and not manipulated by the house.

Certainly, the odds in most casino games favor the house - its called the house edge. This is how casinos make money. It's not a secret or an evil scheme; it's the business model. For players, the fun comes from the chance, however small, of beating the odds.

Please note that gambling should be viewed primarily as a form of entertainment, not a reliable source of income. Winning is a bonus, and losing is the norm. Always play responsibly, betting only what you can afford to lose. Gambling, when viewed this way, can be an enjoyable activity without leading to the frustration you've expressed.
4934  Economy / Gambling discussion / Re: Gender in Gambling [differences between Women and Men in Gambling] on: June 19, 2023, 08:25:08 AM
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Most of the traditional gambling in my place are also a women gambler, but its hard to tell that they are growing in numbers since many are also playing secretly. Maybe men are more open to share their gambling activities as they are more exposed to different kind of gambling and on casinos. There are difference between men and women as a gambler and for me, women are more emotional when it comes to gambling while men are too serious on trying to make money in gambling.
Indeed, our societal norms and historical precedents have shaped the landscape of gambling, distinguishing the games that men and women gravitate towards. The emergent trend of female gamblers aligns with our societal transition towards equality. However, the clandestine nature of women's involvement, as you highlighted, is a matter of great concern. It potentially masks the magnitude of gambling addiction issues among women.

Gambling, when engaged in responsibly, can be an enjoyable pastime. It offers excitement and a break from the monotony of routine life. However, it's of paramount importance that individuals understand the risk factors associated with gambling and exercise caution. By maintaining self-discipline and a balanced approach, one can enjoy gambling without it becoming a detrimental factor in their lives.
4935  Economy / Gambling / Re: Using ToS against users normal? on: June 19, 2023, 08:02:03 AM
Many gamblers are not reading the rules and just acknowledge it to create an account. It's quite normal for many of us to directly play and not taking time to read what's written on their ToS thinking that casinos are often have similar ToS. This is the player's fault if he/she is not aware of the rules for being lazy.
In that case, if you break one of the rules out of ignorance and the casino bans your account or confiscate your money then there is no one to blame but yourself.
The good thing about casinos is that they have pretty much the same terms except minor differences. So when reading the ToS you have to focus only on what concerns you and what you believe might be different from the casino's you are familiar with.
Overlooking a casino's rules, deliberately or accidentally, can invite unwanted outcomes. Many casinos do share similar service terms, but we should stay alert to subtle differences. Prioritizing the review of clauses affecting our gaming or transactions is wise. Let's remember, gambling is about balancing risk and reward. Knowing the game's rules and playing sensibly can enhance enjoyment while reducing risks.
4936  Economy / Gambling / Re: Without money, does it still qualify as gambling? on: June 19, 2023, 07:44:24 AM
If you can win money even without putting money at first then I think yes it can qualify as gambling
Depends on the game too
Poker as an example can be played to make money and won’t be qualified as gambling but as a skill game

On the other hand I wouldn’t be so sure to define something as gambling if you can’t lose money

Without money been at stake it doesn't qualify as gambling because we have so many activities that people can participate in and they're organized by companies for the purpose of promoting their brand. In such activities, you can win cash prizes and you weren't gambling

Some companies organized a lottery system for their customers and they can win by buying more goods from their shopes or making use of the service that he companies are offering. Then they can randomly select winners by using some criteria and gifting them prizes.

I support your thoughts of it been gambling when you can lose money which means there has to be money stakes by one or two persons for you to be able to lose it. Anything that has money stakes can be classified as gambling, you might be playing with another person or computer.
It is compelling to note your clarification regarding the distinction between promotional activities and gambling. However, it seems essential to emphasize that the underlying risk and chance factor in such activities make them somewhat analogous to gambling. Indeed, corporate lotteries and similar promotions might not require a direct financial stake from participants. Still, their transaction with the company – purchasing more goods or using services – essentially becomes an indirect form of staking. Hence, the 'risk' element is preserved, albeit in a camouflaged manner.

Nonetheless, your perspective on the requirement of monetary stakes for an activity to be classified as gambling has merit, and aligns with traditional gambling definitions. The prospect of potential loss undoubtedly amplifies the thrill and uncertainty associated with gambling. Be it against a human or computer, the exciting yet precarious nature of this activity calls for responsible participation.
4937  Economy / Gambling discussion / Re: Advice when you are going a bit far in gaming and betting on: June 19, 2023, 07:21:44 AM
`
Exactly, good self-control is what we need to go back and focus and not being bothered much by that certain emotions, it can lead us to make more mistakes and push our aggressions if we continue following such adrenaline, better to have that kind of gesture to let remind yourself in what to do in pausing for a while and be back when you are settle and ready to start it again.

Gambling is more about following your emotions. The more you can limit yourself, the better chance that you won't commit mistakes.
I agree with the statements made by both of you, and would like to emphasize that self-control is indeed the crux of the matter when it comes to any activity, particularly one like gambling. It's a game of patience and strategy, where your emotions can easily be your downfall if you fail to manage them effectively.

As you've pointed out, the urge to chase after losses or adrenaline highs can often mirror addictive behaviours such as smoking. Just as you may find yourself consuming more cigarettes under emotional stress, so too might you feel compelled to place higher bets or make riskier moves when you're engrossed in the 'atmosphere' of the game.

Its essential, therefore, to have the discipline to hit pause, regroup, and reevaluate your strategy when you notice these patterns. Indeed, our minds are the key players here, capable of both leading us astray and pulling us back to safer grounds. Gambling, in my opinion, is a test of not just luck, but also of one's ability to manage their impulses and stay within their pre-established limits.
4938  Economy / Gambling / Re: No bet is a waste on: June 19, 2023, 06:58:49 AM
I agree that no betting is wasted, but during wrong bets our real money is wasted and that's not a good thing for us. I have wasted some money on few gambling games in order to learn that how the game works and what are the mechanics of the game. But, so far I found that most of the gambling games generate random numbers and that's why guessing them and making a proper strategy isn't possible on those casino games. Although, one can master sports betting with time, but still it's always somehow test of our luck vs others luck, and if the ones who bet against us are more lucky then they will always win.

You can say that no bet is a waste in the sense that even if we lose the bet, the casino is the beneficiary of that bet. In this way, we can say that all the bets give benefit in one way or another. Either you will win money from the bet or the casino & bookmaker will make money out of it. This is one way of looking into it but we generally speak from the gambler's point of view.

In this case, if you lose a bet, you lose the money and that's the dark side of gambling. Losing is a part of gambling and I hope all gamblers understand this quickly once they start to gamble. High hopes from gambling may lead to difficulties and hopelessness in the future.

If we view it in that sense then it's true, the bets we lose are a win for the casino, but still in other sense the gamblers are up their for money which they are losing to a casino. I agree that losing is really a part of gambling and if someone is into gambling then he/she should keep that in mind, but sometimes we lose a lot more than expected and that's a worst thing I guess.

Most of the gamblers who aren't addicts are trying to make some money in gambling, and losing of most of the bets could cause fear in their minds. They will either give up on gambling and consider themselves unlucky, or may develop a perception in their minds that most of the casinos have intentionally made a mechanism so they could grab more money from the pockets of the gamblers. In either way they might be right or wrong, but they will never go gambling again due to the fear.
Surely, a lost bet favors the house. However, that's superficial. Gambling tests more than just financial risk - its about patience, strategy, and restraint. Each loss imparts wisdom. Fail to learn, you're on the wrong track. It's less about luck, more about wising up. Yet, if dread overshadows the thrill of playing, the fear eclipses the game. The point is, gamblers should play sensibly, respect their boundaries, and step back on off-days. Remember, the essence of gambling lies in enjoyment, not in a shortcut to wealth.
4939  Bitcoin / Bitcoin Discussion / Re: Smart Way to Introduce Bitcoin to Relatives, Spouse or Family on: June 19, 2023, 06:40:08 AM

No matter what strategies you try to use to convince people, those who will be interested will surely be interested, and those who will not develop interest will never be. I seriously like people to benefit from anything or anywhere I am benefiting, but no matter how hard you may try to help some people, they will never give you help themselves. I have tried many times to introduce some of my relatives to Bitcoin, but not all of them have listened, despite the different strategies I used.
 
So I just discovered that no matter how hard someone tries to carry some people to the right way, they will never come. Op You have really tried with the guides lines, and it may be helpful to some people, but I don't think it is necessary to convince people by all means to learn about Bitcoin. I believe when they think it is the right direction for them, they will surely find means to learn about it. 
Your stance, though valid, overlooks the societal repercussions of surging Bitcoin adoption. Its not about swaying people, but fostering comprehension of Bitcoin' monstrous potentials and other cryptos.

Crypto-savviness is crucial today. Better Bitcoin literacy could curb income disparity, democratize financial services, and bolster economic stability. We, the pioneers, must shoulder the task of educating our peers, even the indifferent ones. Surely, folks will naturally drift towards Bitcoin. Yet, we must enable their readiness with unbiased, thorough, and palatable crypto knowledge.
4940  Bitcoin / Bitcoin Discussion / Re: Are you tired of waiting for the jump? Pls Hodl on: June 19, 2023, 06:22:45 AM
During the early stages of Bitcoin's existence, it was quite understandable that many people couldn't fully believe in Bitcoin. Apart from not being widely known, Bitcoin, when it was still a baby, always raised questions for everyone. Those who owned Bitcoin wondered, "How could such an asset possibly become so valuable?" It was only natural for many people not to take it too seriously.

Until now, those who didn't have high expectations for Bitcoin in the past but held onto their Bitcoin are fortunate. On the other hand, those who were overly calculating and afraid of potential losses, which were actually not significant, ended up with nothing today. Luck favored the right people—those who didn't let emotions and worries get in the way.
Back then, Bitcoin was a mere experiment, a pet project for many that left them asking, "Could this digital asset genuinely have any value?" Its a classic case of underestimating disruptive technologies in their early phases.

The fortunate ones who held onto their Bitcoin despite the initial uncertainties have indeed seen substantial returns. They exemplify the principle of 'HODLing', a term coined in the Bitcoin community referring to 'Holding On for Dear Life' during volatile market conditions.

Unfortunately, those driven by fear and short-term thinking missed out on this unprecedented wealth creation. It's an important lesson for us all in the world of investing: sometimes, the biggest risk is not taking any risk at all. Especially when it comes to paradigm-shifting innovations like Bitcoin and cryptocurrencies.
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