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501  Bitcoin / Bitcoin Discussion / Re: Number of Merchants Accepting BTC Payments Surged by 174% in 2023 on: January 08, 2024, 04:47:36 PM
Quote
The increased crypto regulatory frameworks around the world have significantly helped in the mass adoption of Bitcoin, altcoins, and the wider Web3 ecosystem. For instance, El Salvador has recorded more merchants accepting Bitcoin as a form of payment since the country adopted the flagship coin as the legal tender alongside the United States dollar.

...

According to market data collected by BTC Map, merchants accepting Bitcoin as a form of payment experienced a 174 percent surge in 2023 to around 9,926 as of this report.

...

From the map provided by BTC Map, it is evident that most of the merchants accepting Bitcoin as a form of payment are concentrated around Latin America, North America, and Europe. Fewer merchants in Africa and Asia accept Bitcoin as a form of payment.
Bitcoin Adoption: Number of Merchants Accepting BTC Payments Surged by 174% in 2023

Regulations are claimed to be helping to increase Bitcoin adoption by businesses as payment method around the world. Is this for real, or are regulations just forcing such businesses to officially accept Bitcoin, although they could be already accepting it informally before the approval of such regulations?

Despite the raised percentage being really expressive (174%), it doesn't translate in great numbers when we conclude there are only 9926 businesses accepting Bitcoin as payment method in the world.

In your opinion, why do you think more businesses accepting Bitcoin as payment method are concentrated in American and European continents?
This just goes to show that the world is becoming more and more receptive and accepting of the crypto industry. They know that it's here to stay and best way to deal with it is to actually work with it closely, which is why more and more large-scale companies are starting to adopt crypto as a payment/financing option. But in my opinion, global adoption of crypto wouldn't really happen if the micro-infrastructures like small-businesses and establishment refuse to take the chance to adopt cryptocurrencies for themselves. In third-world countries this is especially more essential since impoverished people couldn't be expected to buy stuff wholesale, or at least in the same way that regular middle-class to high-class income earning families could. Crypto would need to penetrate this sphere as well to really hit the "decentralized and for everyone" slogan home and include everyone in its economy. Plus it would be a massive bummer for everyone if massive AAA companies are to take control of this market yet again.

All in all though, this isn't a bad first step honestly, we're looking at the makings of a massive crypto revolution that may bring about global adoption within our lifetimes, that's a massive win for me anyday of the week. Just hoping that the power's still within the people's hands when that happens though. Cause what good is global adoption gonna do if the outside market doused in capitalism's still going to dominate the crypto market anyway.
502  Other / Meta / Re: Two Same Topic in Gambling Discussion section on: January 08, 2024, 04:16:40 PM
Have you report the thread by yourself? if not then I don't see any reason why you open up this topic.

Why you need to cherry pick those two topics? there are another two topics about Premier League.

1. ⚽ English Premier League Season: 2023/2024
2. Sportsbet.io's English Premier League Football Pool Discussion Thread

Someone could argue that thread is only for a specific group and another one has moderation to reduce spams, that's correct, then why not lock the two topics that posted by @OP?

There are two problems in this case:
1. User, not report the post.
2. Moderator, less moderation.
You're so correct about this. The fact of the matter is that for sports, I don't think there's any real need for people to have one "unified" thread where they talk only about that particular sport, It's going to clutter the discussion for one, and it's going to become even more confusing to track replies to your comments.

For other topics on the gambling discussion board though, we definitely need to have a talk. The fact is that there's so much clutter topics on the gambling board from people who are either merit farming by posting "reflections" talking about things that are already obvious in the first place, or people who are posting nonsense so they can reach their post quotas on the signature campaign that they signed up with. It gives the gambling discussion board a bad rep, and for the most part it becomes a cesspool of useless posts and information whereas more important topics in the board like specific sports discussions, as well as thought provoking topics are curbed on the wayside cause these people couldn't contribute to anything other than piling shits and trashes.

OP made a good point but made a bad example. I think we all agree on the fact that we want this forum to be as productive and informative as it could possibly be especially for people who are looking for info about crypto and crypto gambling, so perhaps something like this could be done to make every facet of the forum smart and productive as well.
503  Economy / Economics / Re: If you want to get rich, you have to become immune to the money.......! on: January 08, 2024, 03:25:10 PM
I don't think you can just build immunity to money lol. what you probably are trying to say is become more financially responsible basically.

You have to have the same greed and desire to become rich and have enough money as when you started in this journey, otherwise you'd lose sight of what your goal is and how you'd like to achieve it. Consequently, you also have to be very smart about the temptations to spend money and living lavishly especially when you're just starting off and are just experiencing the first few trappings of the finest things in life. In any case what you really just have to worry about is spending more than what you're capable of recuperating, and how to manage your money to make it work for you. Once you got this whole system operating upon itself you're basically set to go and you can make your money generate more of itself, effectively creating a passive income earning system that will consistently give you moolah.

Immunity to money shouldn't be the thing you strive for, imagine being impervious to the very thing that you're looking for lol. You just have to be very intelligent and conscious about your financial decisions so you don't dig your own grave spending and taking stuff that wouldn't serve you well.
504  Bitcoin / Bitcoin Discussion / Re: What triggers the zeal to invest? on: January 08, 2024, 02:21:43 PM
For the most part, it's the promise of profit and nothing else.

Thing is that everything else that you could think about as possible reasons why you would invest would only fall secondary to the love for money. Let's just put it this way: You're working not because you want to "earn career advancement" or "learn a skill or craft", if you were you would've gone someplace else that provides that primarily without the dangling promise of giving you money in the process. This tends to also be the trend for trading and investment. You want to earn money or at least are looking for the prospect of earning a lot of money, especially if you're more on the crypto side of investment/trading.For newbies, you might wanna go find a real reason to invest and trade, simply "learning the nooks and crannies of the market" wouldn't do cause at the end of the day you could achieve that learning from other people's trading journeys, and the best part, you wouldn't have to lose money in the process!
505  Economy / Economics / Re: If Banks make money out of loans then they should reward those who borrow on: January 08, 2024, 01:51:04 PM
Yes If money doesn't existing without someone borrowing this then each person who i use credit or debt Will be rewarded by Banks.
My friend is full debt with mortgage but i told Him to not worry you are just victim of bank and financial system you are not only one.
I Understood allready that we Are all just victims of scam and that's ITS not If but when people will just say banks we don't need you If we don't get rewards.
Becouse when i stake crypto i get profit but banks don't give nothing so i see people wake up and fight against financial scam and Understood we Are just the victims of crimes i don't use Banks anymore and told my bank you gona share your profit with me or get Lost my face.
So i closed my bank and full crypto and Im happy so many people do the Same now becouse everybody Understood that money comes from the debt so more we take debt more money created so i should get rewards for taking debt then If not Im out of financial system not just me a lot more people becouse the system made us victims.
I told my friend tell bank that it's a scam and his victim of bank scheme so all his friends tell Same now to their Banks and flahing front of bankers binance atm debit card.
Now the Even bankers himself might Understood ship is sinking and fastest they get on crypto and btc the better changes to save themselfes becouse this system not working i told my friend before bank Takes his house burn it down or beat up so the bank Will get broken House.
That's how it is people now Understood If they been treated bad they fight back ....
It's unfair they made mortgage rates higher without notice first so we are victims and If anyone struggle financially they now Understood it's the system and we all victims ....Same goes with cars people now smashing it up cars before give to financial swimdlers
I don't think you're getting what Debt means and why banks don't reward people who take loans.

The thing is that they do, and that is the grant of your loan in the first place and the increase of your loan limit in the following instance you take up a loan again after you've paid your first. Banks are not government institutions but are private entities that have their own businesses to keep running. If they dilly-dally and just give everyone the money that they want and need, even after taking out a loan already just as what you're trying to say here, then they'd run out of business and the money that they provide to users will dilute the market causing a massive inflation. Banks are in this precarious position of being a private institution that needs to keep themselves in check, and a government backed entity that needs to ensure they are keeping the best interests of the public and the economy in mind as well.

They don't help the poor people because they knew from the get-go these people will have a harder time paying the debt off than if they don't have it. That's why they sometimes grant loans to businesses and micro-companies who have the vision and the capabilities. They wanna know and ensure that you're going to pay your debt off. That's basically it.
506  Economy / Economics / Re: The Jim Cramer affect on Bitcoin.... on: January 07, 2024, 11:37:21 PM
Jim has this awful reputation in case you didn't know. Basically everything he says the opposite happens. They even made the reverse Cramer ETF lmao. Now the worst has happened and he has said BTC is going to the moon! I hope BTC is strong enough to weather this storm lmao..... https://twitter.com/WatcherGuru/status/1742574566948446441?t=Lq4TuNvvT4-l10UF_UKYqg&s=19
Honestly his statement still stands. It might sound like I'm sucking the Kool-aid on this one or whatever but I've been in this industry for so long to know that bitcoin's not going anywhere if the cryptocurrency world persists. He's definitely right, just coincidence playing its funny jokes against people who have the loudest mouths but he's right and I don't think this funny thing is going to tarnish his reputation. I mean at the very least he's not Craig Wright lol.

He's a bonehead and an outright clown but he's our clown (lol). And while I don't think we could really support his shit I don't think he deserves the hate as well especially on this one cause at the end of the day what he just said is true and downright indicative of what the current and the future market holds for bitcoin. Plus it's on the people if they believe "experts" at this point lol. Every one's guesses are as good as any one else and if that still doesn't register to you as a crypto trader and investor then I don't think it's anyone else's fault you keep falling for the stupidest honeytraps.

At the end of the day, he didn't necessarily say that bitcoin's going to pump to the moon right then and there, he just said that bitcoin's going to stay. I don't think he's wrong in this one, it's just his fucking loud mouth that got him this time.
507  Other / Meta / Re: Changes Discussion Behavior in Forum on: January 07, 2024, 11:06:21 PM
Since 2024 started, I have seen changes in discussion behavior in forum which have changed quite a lot compared to 2023. Yes, of course we all know that the most fundamental change is the banning of mixers and all their campaigns from forum.

Maybe I'm still too early to draw conclusions because we are only 6 days into 2024. However, I really feel this change is very drastic, where the bitcoin discussion boards and economic discussion boards which are usually busy suddenly don't have many comments and there is a shift to gambling board.

Are the habits of discussion behavior in this forum only based on the campaign? And all the discussion is just about meeting campaign quotas?
That is to be expected. The thing is that this has been raised quite a few times in the old board as well. The fact that banning mixers will force the whole forum to gravitate towards gambling discussion, since most of the signature campaigns in the forum right now are from gambling sites and they each oblige every user to post a certain amount of comments on gambling boards.

This could work two ways in my opinion, either it could make the whole forum better, since as we all know gambling boards is one of the least productive and contributing boards in this forum courtesy of all the braindead posts and comments left by some users just to meet their quota. The influx of users that are now going to post in the gambling boards could flip the table and allow the board to be more healthy, more intelligent, and be more inclusive.

The second outcome is gamblingtalk. Since every signature campaign is pretty much gambling-related nowadays, and each of them require you to make a post on the gambling boards, the whole energy of the forum will shift towards gambling and if left unchecked, this could literally ruin the whole forum as everyone would either post on the gambling discussion board to catch the eye of campaign managers who are hiring new participants, or of course, already participating signature campaign members posting exclusively in the gambling board.

I can see the forum gravitating towards the second option, and honestly the only solution I can find for this is to make it just as appealing to talk about other things than gambling. I don't know how the mods and campaign managers will be able to pull this off honestly, but it is definitely necessary.
508  Bitcoin / Bitcoin Discussion / Re: Power Of Bitcoin on: January 07, 2024, 10:42:59 PM
In all honesty there's nothing wrong about being skeptical and suspicious especially if you don't know jack about the thing that you're being sold. Years ago I probably shared the same amount of skepticism as you do as well but it was all overcame by the fact that I took the time to research and learn about cryptocurrency before outright refusing its concept, something that we clearly were different about.

But fret not, just cause your friends are able to enjoy their fair share of crypto profits doesn't mean you don't have the same opportunity to do so now. Bitcoin is cyclical, it has the power to bounce up and down in value and the only thing that you'd really have to concern yourself with is knowing when to buy, and when to sell. Ideally buying is best when the market is at its lowest so you can  buy more, and selling is when the market is at its peak. Great thing about bitcoin is that it pretty much does this on a quite regular cycle that you can pretty much predict when to buy and when to sell with good accuracy.

For me that's the real power of bitcoin. To still be predictable but be able to provide nice profits to people who trusts it. Of course there are caveats that would come with investing in bitcoin and it's not like you could just do it willy-nilly and expect profits from the get-go but if you played your cards right and you played your game as smart as possible, you would have no trouble earning money in this industry.
509  Bitcoin / Bitcoin Discussion / Re: Do you actually think a Bitcoin ETF will be accepted this month? on: January 07, 2024, 10:18:56 PM
Good chance there is, but honestly the radio silence regarding this ETF when news about it seem to flash every week or so last year is just so suspicious to me. It's as if they are already talking about it regardless, but are experiencing a couple of hiccups along the way. It didn't really help as well that weeks prior from today news broke out about the SEC not approving any bitcoin ETFs which were quickly debunked but my superstitious ass is saying that there probably is something going on behind the scenes that led to this. Matter of fact I believe that ETF or not bitcoin's bound to bounce in value soon enough, just talking about the recent price dump from 45k to 42k is telling me that either the market doesn't care about the ETF, or that the ETF is just too minor of a factor to be considered as a good reason why bitcoin's bull run is to come sooner.

I honestly wouldn't really mind whether an ETF is approved or not. It's not necessarily going to be the definitive reason why bitcoin's going to pump in value or going to be accepted globally as a staple currency anyway, so I don't really hold too much hope in bitcoin getting the ETF approved, or the ETF even causing anything massive for that matter since from what I said earlier it couldn't even put a dent on bitcoin's value when allegations of ETF being disapproved are put out on the internet.
510  Economy / Economics / Re: How to gain money on: January 07, 2024, 09:48:57 PM
Plenty of ways for you to make money. But you do drive a specific lack of choices there lol. Anywho, ever tried looking into these options?

1. Jobs: Write your resume, attend interviews, negotiate an offer, and work there for paychecks that will help you survive. Be lucky and smart enough and you'd land a job that would also allow you to have other side hustles/side jobs that you can take for extra cash of course.

2. Holding: Buy any asset you like, could be tangible like gold or silver, or cryptocurrency for that matter so let's not stray too far anymore. Buy as many as you can, and wait for their value to appreciate over time. Of course you're not going to touch them while they are practically incubating. Once you've reached an optimal price point you can probably sell your holdings to liquidate them and turn them into real cash, now you got yourself money that you can definitely enjoy.

3. Streaming: Probably the hardest to pull off cause you actually have to have some form of personality, enough to be likeable or at least be relatable to your viewers, so much that they wouldn't mind giving you their money or watching you so you can get adSense money. Stream whatever you like, play videogames and be funny, publish videos on the internet and label yourself as an influencer, it doesn't matter, you're getting internet money, and you're killing it.
511  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: January 07, 2024, 09:28:17 PM
The thing is that it's a little hard for people to just make good debt out of nowhere. Especially for people with little to no safety nets. A great example of this would be middle-class income earners who would be able to practically take out a loan for a business that they may try to build, or perhaps a house loan for a property that they could rent out/flip for profit, but at the same time they don't have no plan b or a way to recover should things go south and their venture fails. It's one thing to take the safest route and miss out on the biggest changes in your life, but for some people it's just a massive risk that they can't take no matter what cause the drawbacks will literally cost them years of their lives.

Good debt can only work if you have money on the side that you can pay it with should you not become successful with the venture, and this is not being pessimistic it's just me being realistic about things. Perhaps the best way for middle to low-income earners is to just gauge their capabilities for debt and avoid taking loans as much as possible for any reason whatsoever. Cause for them taking a loan isn't staking a claim for a brighter future, it's literally stealing from their future selves.
512  Bitcoin / Bitcoin Discussion / Re: Sudden Flash Crash vs Slow Bleed - Which actually kills Investor(s)? on: January 06, 2024, 11:52:42 PM
Happy new year everyone, I am very glad that as many of us who made it to this year made it, and hope the new year brings unimaginable blessing our way going forward.. Amen.

Now, I have something I wish to share concerning the sudden crash we experienced yesterday, which saw bitcoin crash to around 40,000+ from $45,000+.

Bitcoin so far have very much recovered, but Now..
  • What do you guys think about that sudden crash?
  • What do you think was playing out?


Do you really think it was all about Matrixport's report saying all bitcoin spot ETFs will be rejected by the SEC? No, not at all, it's all a game plan, a strategy to make us panic short and spot sell our bitcoins.

In crypto, learn not to care much about sudden flash crash, as long as its bitcoin we are talking about, but care more, and be most afraid of slow bleed.. I will explain this below - read on.

Investors responds to flash crash, faster than they respond to slow bleed, flash crash is a tool that is used to instigate fear, panic, causing the chicken hearted to instantly (without hesitation) dump their position(bitcoin).

Flash Crash is a tool also used by market makers to flush out over-leveraged traders, and trader who are longing late.
So after the flash crash, the market mostly recovers in no time or after a very short period of time, and those who sell their spot or short; out of panic always end up as losers.

What we investors, should be mostly afraid of is slow bleed, for this is the silent killer.

Now, this is an analogy that is scientifically proven to be true - "Place a rat in a boiling water and it will jump out immediately, but place it in cold water and be heating the water slowly, the rat will remain in that water until the water gets too hot and kill it."

Humans are reactive to sudden sharp changes in stimulus, but extremely dull and unreactive to things that occur over a long period of time.

When they want us to sell, because it's a good time to buy, they will implore the flash crash strategy, causing several investors to panic sell, thereby, giving them the opportunity to buy cheaper.

By when they want us to hold, so they can silently sell at a good price, they'll typically bleed the market slowly, not alerting us - leaving us with a persistent optimism that "reversal is coming", until will find ourselves in the middle of a bear market, with no possibility of selling without incurring a huge financial loss.

Note that every thing I said here about flash crash and slow bleed is  specifically in relation to bitcoin investments, a flash crash for altcoins may completely mean a different thing, which for example could mean a rugpull, bankruptcy and so on.

So lets learn to note that, things won't be always as they seem, market makers and manipulators will always try to take advantage of the chicken hearted investors, learn to be know when to sell, and buy back cheaper later on, and when to actually hodl, because big things are coming and they want you to sell so they could buy cheaper.
Happy New Year!

First off, great and informative post you got here going, there's not a lot of people who know much about the difference between the two, let alone their existence in the first place so contents like these are surely helpful in opening the people's eyes. Now back to your questions

The thing is that for me, they both are equally as deadly and damaging, but for different locales for that matter. Flash crashes will affect people with paperhands, people who are in it for the quick profit and will sell their spot immediately at the first sight of a dump. On the other hand, slow bleeds will affect those who have diamond hands in this industry—people who are known to hold all throughout the rain and the storm in the name of crypto and profit. Not because they are dull and unreactive to the consistent drops, but because they have complete faith in the cold that they hold. It's way easier to spot a flash crash, a slow bleed is harder to figure out but it's mostly circumvented by the market's pulse anyway so it's not as damaging as most people make it out to be, but it definitely puts a dent to your portfolio especially if you're not careful enough to do audits and shit.

At the end of the day, I'd still rather be a diamondhand in the midst of a slow bleed than be a paperhand that yanks at the sight of a dump. Especially when it comes to bitcoin who is cyclical in nature always having a stake in it regardless of the market's situation is going to be the smartest and best thing that I could do for myself. 
513  Economy / Gambling discussion / Re: A tip for staying resposible while gambling. on: January 06, 2024, 11:35:38 PM
Your tip's going to work for people if they live in a Wes Anderson film. In reality carrot-on-a-stick-ing people especially if they can get what they want through other means is going to just waste your time, so you might as well do something that would really work. For instance, give them tips like learning how to manage your losses against your wins to make sure that you're still at a net profit or your losses are mitigated as much as possible, you can do that by setting a win-loss limit every time you gamble which you adhere to with no buts and whys. Tips like these are going to help people even more than just asking them to stick a bill on top of their screens like some clown in an office. In reality that's not gonna remind them of shit other than the fact that it's going to block their view of the monitor cause the money's in the way.

While I really want to support your post it's things like these who give this board a pretty horrendous image, and since most signature campaigns in the forum nowadays come from gambling sites this makes people feel as if signature campaign members are just posting for shit so they can meet their quotas which is further exemplified by low-quality posts like this one. I appreciate the attempt and I know it took you a great deal of effort to squeeze it out of your brain but next time, focus on providing more quality content. You'll thank me.
514  Economy / Gambling discussion / Re: Can two clubs owned by one person participate in the Champions League? on: January 06, 2024, 11:00:38 PM
Please I need a confirmation on the information I recently received regarding two clubs owned by the same person not allowed to both participate in the UEFA Champions League which means that one club must have to participate and the other club not allowed to.

No. It is good you brought this question because it will educate many of us. This rule against dependence of clubs was adopted around 1998 and towards 2001 it became active. It prevents clubs that are directly owned and financed from one source to participate in UEFA competition.

I think the major reason for such role is to avoid match fixing. Imagine where the one of the two clubs is yet to qualify and they are to play each other, so what will happen in such instance, of course match fixing.
I'm a little confused. Does the ruling state that both teams financed by a single entity couldn't join the UEFA, or will the league allow one of them to join it only? Plus what could be the reason for this ruling in the first place? I don't think there's much effect that it could cause towards the game other than the fact that there would now be more stakes to claim in major football leagues especially since you have more than one team on your payroll.

I don't think the monopoly of team would be a massive problem too, for all I care this will mean that even players from not-so-respected teams could get the chance to payments as good as those in the upper echelon, get brand deals and sponsorships, and be able to finance their lifestyles necessary to fare well in the game. Teams that don't get bought out could sell their slots to more capable ones and give players a better viewing experience, similar to what they are doing in ESports titles like Valorant and League of Legends at the moment.

I don't think there's something wrong with allowing teams financed by a single source into the UEFA really, it doesn't tarnish the reputation of the league in the first place, it allows more people to enjoy the game and more players to show their prowess, and most of all, it's going to keep the game of football alive!
515  Economy / Gambling discussion / Re: Are you willing to bet $50 spin for a chance to win $42 million? on: January 06, 2024, 10:42:07 PM
This thread is inspired by the thread created by sportsbet.io about a lucky bettor who won $42 million on a $50 spin.

So let's discuss. This kind of win can be compelete considered based on luck, and the winner is so lucky that he hit the Jackpot. However, since the goal here is $42 million and you can only win that if you would bet $50 for one spin. So, do you have the courage to do that?
Given the circumstances and how low the odds are of ever winning that game, I'd say I'll still push it for the hell of it.

Having a stake at something practically impossible is better than not having a stake at it at all. Even if the chances are so miniscule. But the thing is, many people may misconstrue this and suppose that they should take every chance they get at joining the lottery or whatever, which is a little victimizing in some levels cause at the end of the day, these are honeytraps meant to lure you in a perpetual chase for a win that you will statistically never get. In sportsbet's case, It's going to be a one-off rendezvous for me so I'm gonna take the chance cause it will still count towards my bankroll and as part of my gambling session for the day, and it's not like this is their biggest game offering, they're a sportsbetting site after all.

I feel like I'm going off a tangent here but all I'm really saying is that for games like these that are never meant to lure you in and are just a fun little way to gamble a small portion of your bankroll's content while you're out there actually gambling and placing bets on things that matter to you the most, I think it doesn't hurt to try.
516  Economy / Gambling discussion / Re: What's Your Feeling After You Finish Gambling. on: January 06, 2024, 10:25:46 PM
The thing is that I get this strange mix between tiredness and utter satisfaction everytime I gamble. my usual gambling sessions stretch for hours on end so it makes sense that I feel that but at the same time the sheer satisfaction that I get when I gamble and I have a lot of fun from it is definitely what keeps me going. Strangely, I get the same feeling when I play videogames too, or when I subject myself to sports and workout. I get tired, almost to the point of exhaustion and it's still considerably fun for me. I guess that's what happens when I don't force myself to chase for wins and money and I just wing every roll. Which is why I always suggest playing for the hell and entertainment of it rather than for any materialistic motives.

I keep myself in check everytime I gamble too. I make sure that I don't harbor any negative emotions that I can project into my gambling behavior for that particular session and therefore fuck with the way I gamble or at least take in things. It sure has helped me save so much money as I know that if I gamble when I'm sad or mad I become more reckless and prone to revenge gambling. I think it's a page out of my book that some people should also look into. The thing is that gambling is definitely a form of pastime but at the same time you better be careful with how you handle your emotions and mood prior to your journey, as it will definitely affect how you gamble.
517  Economy / Gambling discussion / Re: Are You Buying More Tickets To Increase Your chances on: January 05, 2024, 11:58:42 PM
Unlike scratchers or lotteries where numbers are randomized, the Philippines' take on the lottery doesn't necessarily increase your chances of winning the jackpot the more tickets you buy, and practically what you're only doing when you buy more tickets is to put more money into the jackpot which the winner will get anyway regardless. There's nothing wrong with buying more tickets but if you're sitting in your couch thinking that the extra 3 tickets you bought is going to be your, well, ticket (pun intended) to success and financial freedom then you might wanna rethink your choices.

You have to remind yourself that in the regular Philippine Lotto you're the one who's choosing which combination of numbers is to pop out. With 45+ numbers on the card up for grabs you're basically looking at a gajillion possible permutations which your +2 or +3 ticket buys wouldn't be able to put a dent into. I get that the appeal of lotteries is to actually sell the idea of winning this stupendous amount of money at once without any strings attached but when you start thinking like a desperate gambler is when the problems become more apparent. So might as well gamble with a healthier approach at things, and know that Math's not against you, it's literally on your side to let you know just how much chances there is for you to win when you buy that extra ticket for idk, 20 pesos? Lol.
518  Economy / Gambling discussion / Re: The is always on gambling, never the individual. on: January 05, 2024, 11:43:34 PM
The other day someone was talking about how he hates gambling as it nearly ruined his life, and within my mind I was like, no it was not gambling that nearly ruined you it was actually you that tried to ruin your life and that's because you refused to gamble responsibly and discipline yourself by not been capable of differentiating money meant for gambling from money meant for other projects in your life.

Why do people blame gamble for their own act of irresponsibility. No one is talking about their own part in their story of bad experience's with gambling, all we get to hear is gambling is bad and a useless activity. Why?
Gambling definitely plays a part in getting these people hooked until they get addicted, but I do agree with you, for the most part it all depends upon the person that's gambling. For example, we have people who have never gambled in their lives be so addicted to gambling from the get-go that it became their lifestyle, eventually shit hit the fan and now they are addicted to it with no signs or chances of recovery. But there are also newbloods who have never tried gambling but are so consistent with keeping their shit in check that you'd think they learnt how to gamble responsibly the hard way.

Gambling is inherently addicting, it's up to you if you would let yourself fall for this honeytrap and subject yourself to possible years if not decades of problems and gambling addiction, or if you're going to stand up to become a more responsible gambler version of yourself so you don't lose more than what you can afford to lose and end your sessions with a pretty intact bankroll, if not a net profit. I myself learned how to gamble responsibly and for the fun only after realizing that I'm slowly becoming addicted to gambling. I quit cold turkey and only came back when my mindset is solid and configured to only gambling when I am not overwhelmed with emotions that would affect my gambling behavior.
519  Economy / Gambling discussion / Re: Do you think gamblers do retired betting gambles on: January 05, 2024, 11:13:28 PM
When you've lived a pretty full life and you're already at the final years of your existence, you tend to do things you otherwise wouldn't have done if you still have time in the planet. Retirement oftentimes bring out the most deranged and reckless versions of ourselves simply because we've been living our lives precariously all these years and it's this page in our lives where we're expected to go a little all out. In that regard I think it's pretty common for people in the retired age bracket to actually be gambling more than they are supposed to, especially if they don't have any other running responsibilities like kids to feed or mortgages to pay. When you have that much money lying around and less expenses to stress yourself about the only thing you'll have in your mind is rest and relaxation, but you can't unwind as hard as you could when you're still younger cause your bones aren't as strong as then and you're also prone to getting diseases now that your immune system's fucked up. That's why old people resort to gambling instead. It's a way for them to still have fun and be able to spend the money that they want to spend without putting them into harm's way or whatever. And I think the more people get older the more they become more accepting of gambling.

At the end of the day this is just an inference on my end but based on what I have observed from parents and older relatives I can pretty much say with comparable certainty that this is how the way things go for older people.
520  Economy / Gambling discussion / Re: why do people always play gambling even if they always lose? on: January 05, 2024, 10:44:53 PM
Because there's more to gambling than just "winning and earning lots of money". Especially for those like me who gamble responsibly and for entertainment only, we only ever gamble because the fun factor doesn't come from the money that you could potentially get from the ordeal but from the experience itself. When you gamble and start your journey from a place of lacking (you wishing you would win more prizes), you fixate on stuff and when you can't get it, frustration ensues. Us responsible gamblers have let go of any attachments (just like buddha lol) and managed to just get and squeeze as much fun as possible in every game that we play regardless if we win the game or not.

I think every gambler, even those who are really good at what they do, should take a few things out of what we know and do. We already have a massive surplus of people who have gone on the deep end after becoming addicted to gambling. I think it's due time that we finally turn the world upside down and actually usher in a new generation of gamblers that are competent and smart enough to figure out their limits and capacities.
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