There are two very important advices you find here on the forum, 1.) only gamble with money that you can afford to lose and 2.) don't chase losses. Being active for many years here on the forum I think these two tips is what most people recommend and also the issue where most people lost money. Just don't expect to make a big profit quickly in gambling and enjoy your time.

I am not so familiar with the situation in Greece, from vacations I know that it's a beautiful country with many friendly people. But you don't really talk with strangers about gambling, I never noticed that there are many casinos or that people enjoy gambling so much. It's of course a bad thing if a poorer country loses so much money in gambling. I feel like that in some places where there is no real opportunities to make money and fix your life that gambling is the only solution. Even if the odds are in favor of the casino there is still a chance to make a profit. The majority of gamblers is not going to get rich, it's only a very small part of people that will get lucky and that is what attracts everybody else.

I don't think there should be an age for people to retire from gambling. As long as someone enjoys gambling and is able to afford it he should do it. Gambling is a form of entertainment and we can't really exclude people from it. It's not like we can say people should retire from visiting the movies, or going out to a bar. This is a choice everybody needs to make for himsellf and as long as there is no problems in our everyday life I don't see any issue. Older people even have more free time than younger people and still a fixed monthly income from their retirement fund that they can rely upon. The most important thing is that there is no negative effect on your life, for example gambling away any large savings. Once you retired there won't be any chance to find a job again and make a lot of money again. So, all the money you might want to leave behind for your childrend and grand children should be kept safe and not be used for gambling. Other than that I don't see any issue for elderly people to still enjoy gambling from time to time. My grandfather used to play lottery into his 80s and my grandmother still enjoys playing scratch cards in her 90s. Nothing wrong with some excitement in life.

What would be the perfect system instead of democracy? As far as I know there hasn't been any system that is fairer to the majority of people, which obviously doesn't mean democracy is perfect and there will be no misuse of power. Also why are people enjoying human rights no perfect? It's much better to have every human choose for himself than to have dictatorship where one person makes decisions for millions of people without any repercussions. Civilization always has advanced with the time and so does the financial system. I would argue that the majority of negative quotes against crytpo currencies also hold true for any other currency. For example, crimes are committed in any country on the world and in any currency. If we would remove crypto currencies all together, it doesn't mean that crime is going to stop overnight. Or what is wrong with a volatile market, looking at some other currencies or stocks we can see that there is a lot of volatility as well. If a security is being traded all around the world actively, then high volatility is going to happen during times of crisis.

To me financial freedom doesn't mean to have a fixed amount of money so that I never have to work in my life. Because that kind of money is way too much and not realistic to achieve in my current situation. Financial freedom rather means to have a comfortable life today and not to worry too much about the economic future. For that it's all about having an investment portfolio that generates enough returns in the future to take money out. My first goal is still to have a decent job that pays for all my living expenses and my second goal is to have large enough savings and investing to cover any extras I might want and need in life. This doesn't include luxury perfume or clothes, I don't find that lifestyle attractive and would never spend so much money on these things. Even if I would win the lottery tomorrow I would change my spending habits so much.

It's a bit hard giving general advice without knowing more about you. From what I understand here is that you have a good salary from which you can save money each month. Having a fixed savings rate that we take out from our salary immediately is the best approach to not overspend and will lead to longterm financial stability. A few years ago the question between fiat or crypto currencies was easy to answer because the interest rates where so low and there was no point in saving fiat money. But the world looks a bit different, banks are offering up to 5% for a savings account with new money. This increases the opportunity cost for cryptos and we need to make sure we can achieve those returns. Bitcoins is definitely a great longterm investment to save money in, but when choosing alt coins to trade we need to make at least 10% per year to compensate for the risk we take.

It's true that the AI doesn't know anymore cards than we do, we only have our own 2 cards and the 5 community cards which we share with all the other players. This doesn't mean that the odds are 50.50, because we also know that the other players don't have our 2 cards. For example, we have 2 hearts on hand and the community cards have 5 hearts, then 7 out of 13 hearts are already used and can't be held by other players. This make it much more likely for others to not hold hearts themselves and if we have a higher card than the community cards we should have in most cases the highest flush. There are a lot of mathematics behind poker which tells us the optimal play. AI should be able to make these calculations much faster and in larger scale. So a human could be fine to play optimal on 1-4 tables at the time, whereas a AI could run a lot of more tables. Which would mean using our own time to play poker is not optimal anymore.

14 bn USD? What the hell, how do you even come up with such kind of money. These are sums where I wouldn't even Jeff Bezos or Elon Musk expect to get close to. Either he is an exceptional good or lucky gambler or something else is going on. Why not just take 1 bn out of it and your whole family never has to work a single day in their life. I don't feel that there is a real wagering war, every gambler should bet the money he is comfortable with and feel threatened by other gamblers. For me gambling is something personal between me and the casino, not between me and the public. Usually I only have 100 USD at the casino, everything more than that is unnecessary and only makes the risk higher for me to bet more money than my limit allows. So it's funny to see such gamblers but has no effect on my own wagers.

I hope you followed your new plan for the last few months and didn't sell your coins early. Buying fixed amounts of crypto currencies each month is the best approach in my opinion to build a big portfolio over time. Many other users here on the forum also recommend the so called DCA method. When you take your investment money directly at the start of the month away you don't face the risk or overspending. I can understand that you want to help our your family financially, but just make a monthly budget for it and if it's not enough post pone some expenses for the next month. When building a portfolio it's all about the longterm, which is why I wouldn't sell too early. As long as you don't need the money I would recommend storing it and wait at least for a new ATH. With the halving coming up next year there will be more positive impulses for the crypto world.

For me crypto currencies are just another currency like US Dollar or the Euro and I would never share publicly how much Euros I carry with me when I am going out, or how much money I have in my bank account. These are private information that I might share with my closest friends and my family, but never publicly. Bitcoin shouldn't be treated any other way. What good does it do if we are open with how much money we have invested in cryptos? To me it doesn't seem that there is any benefit from it and only will make feel people bad or even risk our own health. The kidnapping story is a very rare occurrences and I wouldn't worry so much about it in my country. Here it's more about being polite to strangers, because we don't know in which financial situation they are and it would be wrong to tell them how much money we have. I can happily talk about crypto currencies without mentioning how much I have myself.

I always just bet a fixed amount when it comes to slots, because I have a certain limit in mind and don't want to risk going over it. This means that I only have a limited amount of spins per evening before I stop. To increase my playtime I try to focus on games that grant free spins. My goal is to hit a big jackpot and for that I feel I need to play as many rounds as possible. In other casino games I usually follow the martingale approach, increasing my bet size with every loss. Let's say I get lucky early on and win a lot of free spins, then I would probably switch slot games after all the free spins. Mathematically the winning chances are likely always the same, but I feel like I used my luck for the one game and would probably not repeat the same win again during the evening.

Wow that is a lot of money for one country alone. With a GDP of 440bn USD, I can't believe that they would bet so much money every single day on betting. Interesting would be also how much tax revenues the gambling industry generates for the country. Now I am wondering where all this money is coming from that people use for gambling. Maybe they people in Nigeria are more lucky and win higher amounts than in other countries? I would expect that a majority fo the 65m gamblers are regular customers and they must be funding their bets from somewhere. With such a large betting market there is probably a high level of competition among the bookmakers and casinos to attract new capital. Also shouldn't this attract international companies to invest in the Nigerian gambling market? It seems very lucrative and as long as the government doesn't want to limit the gambling exposure of the people I would expect that the share of people gambling even rises over time. I am not sure if people will actually rely on gambling to survive, or if they use as a form of entertainment to spend their money earned from their full time job.

Not sure if you are the best person to approach him on the subject. Since you only know him for a very short time he might become defensive and this could ruin the relationship between you two forever. I worked in the past with elderly people and I can tell you that they can be very stubborn and once there is an issue they will rarely change their view and try to make peace. You won't believe how much drama there is in retirement homes and that even people who are above 80 will stop talking to each other because of very minor things. My best advice would be to try and get some contact information to his children and have a chat with them first before talking to your neighbor directly. Since the children are already old, they should know how long their dad has been gambling and if there was an issue before. If his children think there is an issue it should be also them that talk to their dad directlly. It's much better to have a serious talk with your own family than with a stranger.

Yes, I regularly change my plans and think it's important to do so, because circumstances change as well. Capital and crypto markets are very volatile and change quickly in times of a crisis, that is why we as investors should be ready to adapt to a new situation. More sophisticated plans might already include different outlooks and give a recommendation how to act. For example, having a different plan for the bear market and the bull market makes a lot of sense, but also for times without large prices changes we should have a plan. For me, I prefer to reevaluate things on a constant basis instead of following one fixed plan for a long time. The only real strategy that makes sense to follow consistently is the DCA method in my opinion. Here we buy a fixed number of crypto currencies each month and following the strategy blindly is fine as it will lead to a decent purchase price of the coins over a long enough period. It saves a lot of time in doing research and after a few years this will lead to large crypto portfolio.

I agree with you, crypto gamblers seem to have a deeper understanding of the gambling industry than regular gamblers. At least among my friends I noticed that the ones that own crypto currencies and also gamble more regularly have a better approach to casino games. It might be the case that they just spend more time with it and invest their time to think more deeply about strategies and bonuses. The thing with traditional gambling is that it happens quite rarely. For me and my buddies we went like 3-4 times per year to visit our local casino, on top if that were maybe 1 poker evening per month. This is not a lot of time spend gambling when you compare it to how easy it is to visit a online casino from home. Another point for crypto users is that you have to be critical where to invest your money, there are so many different crypto protects and we don't want to lose our money. This level of critical thinking helps a lot when gambling.

I am not sure if Bitcoin alone is going to solve the global poverty problem, it might be too much pressure on one single asset class. Don't get me wrong, Bitcoin is a great investment and everybody should add some to their portfolio. But what kind of return do you need to get millions of people out of poverty? I think it's too much to ask of bitcoin and could lead to disappoint if the expected returns are not delivered. The main problem for poorer people is that they don't have any money to start investing in the first place. One single purchase of bitcoin for 100 USD is not going to be enough to make people rich. This requires a constant form of saving and many people struggle to keep it up. In my opinion it would be best to try and educate people first on how to save money consistently. There are two ways to get more money, either by getting a raise and increase our monthly income, or by cutting back expenses. Trying to reduce unnecessary expenditures is a good way to have more money to invest each month. The second step is than to find a good asset to save money in. Bitcoin is definitely a good idea, but I would also consider spreading the money out into other assets to reduce the risk of our portfolio.

First time I am hearing that the crypto currency community is anti-scientific. Personally, I like science a lot, especially physics and mathematics interest me and I was never against pushing the fiends ahead. Trying to avoid scams is one thing and being anti science is something completely different. Not sure if trading is really part of science, but once you deal in large enough sums of money you are automatically attracting scammers. Scams are what some people call a free lunch, you try to take advantage of others without providing and my real services. The best approach to scams is to be cautious and realistic about the future. If some promises me things that sound too good to be true than it's likely not true and should be avoided. In science we should be more open towards new theories and as long as they are not proven wrong there might be benefits.

I don't understand, you want to own a casino only to gamble there yourself? But what would be the point of doing it, since any money you win is already your money as it comes from the casino and any money you lose will be yours again as it goes to the casino. You would also have to account for taxes which would make this a bad deal in the long run. However, doesn't this take out all the fun from gambling as there is no real upside and you could also be gambling with play money as it wouldn't affect your financial situation. Owning a casino sounds like a lot of fun, but there must be a lot of work behind it and with so many casinos around these days the success is not guaranteed. After watching all the Oceans movies with George Clooney as a kid I also dreamed of owning my own casino one day. It would be so cool to walk around the gambling for and engaging with all the high rollers while drinking champagne. Unfortunately, this seems much more glamourous in the movies than the job would be in real life.  Another issue is that you need a lot of money to run a casino, because there could always be a winning streak for a gambler that would lead to large outflows.

There is no way that I would start gambling at work, the day is long enough and we can gamble in the evenings without affecting our work. First of all, the risk of getting into trouble at work would be way too high. I work in a large office space with a lot of colleagues, it's nearly impossible to do anything private on the PC because there are always people walking around me. The only chance to gamble during the day would be in my break or on the way to work in the subway. But, I don't like to gamble on my phone as the screen is so small and clicking things is not so easy with my huge hands. I am always afraid for a miss click that leads to a big loss. The last real option would be to gamble from home during the days where I don't need to come in the office, but here I am really scared that they check which websites I open on my work laptop. I really need my job and can't risk losing it. Without the monthly pay check I would be screwed and also wouldn't be able to gamble in the evenings anymore.

This doesn't sound right to me; Fiat money is not a ponzi scheme because it resembles the economic output of a country. The government ensures the strength of their Fiat currency by the potential tax income they can generate in a country. As long as a country has natural resources to sell, or advanced products to export there is a strong value in the currency. It sounds a bit like you are confusing the high inflation we face at the moment with a ponzi scheme. It's not like everybody is losing at the moment, people with a well-paying job that got a decent raise to offset the inflation are happy and look forward to their Christmas bonus. A ponzi scheme would mean that the Fiat currency is worthless eventually because too many people got promised things that weren't true, but I don't see this happening in the big Fiat currencies like Euro or the Dollar.