Logically speaking from a lender's standpoint, the gamblers next of kin should bear the debt.

As they say, "The father's sin passes to their son".

Indeed the lender needs to recover their money and for that often it happens that the actual debtor ends up in bad situation and ends their life - eventually the lender would come back to the gamblers family seeking for their money.

I saw some users comment about exploitation here - it is true, but lenders should avoid such things for their own sanity and be professional.

There can be many reasons for this:

1. The got a degree but into something that was forced upon them, they dont like it and they cannot put their innovative strength into it and thus they cannot land up a job.
2. They flunked the college or university and eventually came out as a low quality educated graduate. They peers might be landing jobs but they are not.
3. The degree that they got into is a well saturated field. However the phrase is relative and those who have a proper vision will be able to desaturate the market in no time.
4. The job might be need some years of slogging before getting a "wealthy" income. So give them time.

I dont agree with the "drop-outs" do better - because here you are looking at only the famous ones who actually had a vision to pursue. There are so many college drop-outs, if that was the case they would be ruling the working class, but they are not. Its called survivorship bias.

Doing that last ditch effort means that the gambler is frustrated and I cant talk for the OP, but I hope they are doing fine and are working on their addiction. The ones who win from a casino only win because they stopped playing, because this is not a game to defeat the casino but a game to come out of the casino with a minimal loss. Without this mindset every player will become an addict and they will never recover from losses.

Last penny playing - I would not suggest it, go home and think about how you can change your future by reducing gambling.

The news media makes a hot cake out of such news and earn their viewers from such topics. Of course the social media and the easily swayed people are to blame.

The math is simple, if so many people started winning the jackpots at the casinos or big wins from the lotteries, the casinos would go bankrupt - but that is not happening, so its the true that people rarely win such big prizes and they often lose more cumulatively than they win.

But getting this into the head of a person who has been blinded by the greed is next to impossible.

Emergency funds should always be kept separate.

Bitcoin buying and selling should be kept within the monthly income amount allocation but should be flexible to increase during bear runs and held back during the bull runs. The basic strategy is to buy during the drop and for that you have to be patient and wait till it happens, but then not falter while its dropping but buy and then stop to see what happens next. If it continues to drop, buy again and then at one point just sit tight wait for it to correct.

At present seeing the bull trend upward, I hope people are selling to consolidate profits and soon going to stop making any trades till the turn back happens.

Growth has been good indeed, but in terms of what shitprojects that altcoins have made the buzz regarding crypto has shifted from ICOs to defi then NFT and so on. I am therefore not inclined to say that the growth has been productive, but has happened. Bitcoin itself does not need much growth unless some critical problem arises.

It is a financial asset and it should never be the only one in your portfolio. Traditionally stocks, real estate, commodities, metals should also be there and probably are there too. A part of the monthly income can be allocated to bitcoin. That volume can be withheld during times of bull market - such as the one happening now and used during the bear market.

That was a reference to your username, which you would have guessed by now. 

Indeed drops are happen as we are going upwards, but keeping up with the trends I am expecting a close to 69k USD price happening soon. But there is always the chance for the correction to happen and then it can turn backwards.

My sell orders at 55k USD have completed which is a sigh of relief for me. Now I am just waiting and watching what the effect of the bull run ends up in.

It has been such a hotchpotch that I have stopped following that timeline. I am hopeful that the budget will shed some good light on the future of crypto and that trading from Indian exchanges would be feasible, but I guess I am getting ahead of myself.

Crypto in India will take a long time to recover from this mess. Till then, better hold on to your crypto and not sell.

Your predictions are "majestic" indeed.

We all wish to cross the sexy number of 69k USD and it seems that this pump has rocketed us towards that level and is inching closer to that target every few hours. However be ready for the sudden drop as well because someone will have sell orders ready at 65k and 60k so dropping from those points will occur if not now, later on.

And lets not make this another thread for bashing that space psycho, heck you guys still follow them?

Most of these cases start from the users using some tainted source funds to top up their accounts.

Is the OP assured that the source of their funds in question were clean and not such?

Still it would not hurt to prepare a proper scam accusation and edit the post and move this to "Scam Accusations" with proper proofs of course.

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Come on mate, I dont expect you to make such spelling mistakes.

Last week's prediction game turned upside down for me, because most of the predictions were in line of 52-53k USD while bitcoin all of a sudden pumped up to 56k USD. After making my prediction that night, I woke up the next morning and was immediately assured that I would not be winning this one at all.

How I wish I had made a 60k USD prediction instead, LOL.

But congrats to all those who won, @libert19 won the first prize on this one and its their second time winning from this series.

Thread can be left as it is because a lot of old users have posted in this thread previously giving a lot of mathematical insights into the investment scheme on bustabit. This is one gem of a thread that most gamblers here hardly would understand.

I hope Leo brings in some new colour choices for the site, I liked the one on Moneypot and it would be nice to toggle between the two palettes.

Maybe a new signature campaign and more promotional stuff happening? Fingers crossed.

This cat and mouse game is something I personally hate. But well this is India and we have been doing the same for piracy for years now and now the same for crypto too.

While the ruling party is indeed coming back because there is no good alternative, I sure hope the proper budget this year will have some mentioning of crypto in good terms.

The exchange owners should mobilize and start their own mouthpiece, otherwise no one will be able to do justice to the upcoming bull runs.

Gambling is not a battle for you to win. This is the false mindset that humans have and the casinos want you to have.

If you are getting into that competition mindset against the casino you will not stop playing till you have proven yourself to profit. Unfortunately you will lose more in that in the maximum number of times. So this is a type of a game where the wise choice is to accept the defeat and leave.

In the meantime you should limit the amount you spend and also the fun you have. Once it starts getting from fun to frustration, stop playing.

You are going to be leaving that on the luck factor at that instant. Whatever happens next, the player needs to make a bold decision as to whether continue or not. A win and they can keep it and leave, a loss and they should also leave keeping the rest of the balance intact.

For a first time gambling, I suggested the OP to have fun and keep a limit on to what they play with. Let that be a learning experience for them as to why the casinos always win run profitable and the players always walk away with losses.

Even then, they should have fun and visit again after a year.

Using your skills to earn bitcoin is selling a service and so is getting paid through signature campaigns. Literally speaking, there is not such thing as earning without an investment, these things require your skills and time as the investment and the earning as the return.

OP should learn that for any type of coin to be earned, there needs to be some contribution from their end or some risk taking involved. Free money does not exist and only a lure by scammers.

Still dont get why people dont focus on getting a stable job first and then add bitcoin earning as side earning to eventually grow it.

I have used bitcoinfees.net for bitcoin only since I use it the most.

I can also suggest https://blockchair.com/compare - you can add the coins you need to compare from the left hand side button "add to comparison" and check the ones you need and uncheck the ones you dont. I found all the ones you needed except BNB and Tron. However their average fee and median fee are compared but not the fee for slow/fast transactions.

It is safer to keep a mindset of both win or lose anything can happen.

Definitely a wrong decision to gamble their life savings away, rather use it to travel the world and see some nice places before you last days. However for the addicted gambler the second option might not be attractive enough and they will gamble it away.

Of course the player will win less or rather lose more but if they realized this they would not be gambling anymore.

Attempting to increase your wager is a common thing that happens to every gambler. But this needs to be controlled, by either bankroll management or limiting the amount of bet you can place for yourself.

In gambling we will not see the players win in the long run so increasing the wager after every bet means a devastating upcoming loss. So if you think you are losing too much, just cash out and leave. If you won big, also cash out and leave.

The increased number of bets you place, the increase in risk you have to face.

You conclusion is correct but the reasoning is wrong. A certain bulk of bitcoin bought back in time is worth more that the buying price is not the reason why banks dont like bitcoin.

Banks are centralized and they are censorship prone, while bitcoin is not so. This is why banks dont want people to invest in bitcoin. But it is also true that without the banks you will face monetary problems depending on where you live because living on crypto is not complete yet.

The trading profit from bitcoin is not be considered here - indeed it does give much returns in that but that was never its main purpose.