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581  Economy / Gambling discussion / Re: Sports bets or in-house games, which is best for the weekend. on: October 18, 2023, 02:47:02 PM
Hey, fellow gamblers so I have some free time for the coming weekend and I want to spend it with family and also enjoy some games,  I want maximum entertainment and fun to ease me off the stress.

My challenge is, I have limited funds to spend on gambling for the weekend so I have to be very accurate and certain about what I will be spending my money on this weekend, and I am confused about which of the games to go for.

weekends are for football matches, where I can watch the games,  make analyses and stake my bets along that line,  which have always been the usual rutin for all.

Also in house games are also very exciting and entertaining since I will be in control of the games and their potential outcomes keeping in mind the possibility of the house edge,  so this brought me to this confusing position between which of the both to choose from and so I will like to get individual opinions on the best games for the weekend.

Sport bets vs in-house games which is most enjoyable and has a higher tendency of bringing much winning compared to it possibility of losing?

If it's in the weekend and you have people accompanying you then I think sports bets would be more exciting.
Betting on matches in the weekend will be great and it will be fun watching those matches especially football.
I would say, once the sports bets are over you can also include few in-house games as well just to increase the thrill and fun.
582  Economy / Gambling discussion / Re: Do your parents know about your gambling habit ? on: October 18, 2023, 02:43:41 PM
Most of the grown up people do not live with parents. At such, the parents are not aware about the interests and habits of individuals. Do you parents know that you gamble ? What was their first reaction towards your gambling habit ?

You are right. Many youngsters do not live with their parents and do what they like. For me though, it was not the case because most of the Indian youngsters live with their family.
Even after getting married they still live with their parents and so my parents know most of the things I do except gambling.
But my brother knows about it and he's okay with it because I am not addicted to it. He knows I play for fun and I am sure my parents won't have an obligation too.
As long as we are in control and don't cross our limits I think nobody will be bothered.
583  Economy / Gambling discussion / Re: Cash out or keep playing? on: October 17, 2023, 02:39:08 PM
I want to pose a question that I believe is quite expensive for many of us here, and it's a dilemma most of us can relate to. We all know that gambling is a game where we put our luck to the test. However, there's a crucial moment in every gambler's journey. the moment when you hit that big win. Do you cash out and savor your victory, or do you continue playing in hopes of even bigger winnings?

I've often wondered how many of us can truly stop playing when we are ahead. It's a challenge because the allure of winning more can be irresistible. I've witnessed situations where a friend deposited money into a casino, faced losses, and just when he was on the brink of frustration, he struck a significant win. Did he stop playing? No, he left his winnings in the casino, only to lose it all again.
So, I ask you all, what would you do when you finally make that big win? Would you cash out immediately to enjoy your winnings, or would you keep playing in the hopes of an even more substantial prize? Shocked

Oh man I just stop playing and take the money and run away from my system as soon as I win that game.
I know that keeping on playing will end up losing the money I have just won.
So it's better to take profits while you can and enjoy the win.
584  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 17, 2023, 01:06:27 PM
At one of the local gambling shop I visited during the weekend I happened to listen to a conversation between two bald looking gamblers at the shop talking about one of their gambling colleague who had won a big amount of money amounting to a million in the local currency and due to that win this colleague of theirs' has been avoiding them since e won that money. From their conversation it was obvious that they were a circle of close three friends that gamble together.

After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

I can think of only 3 reasons why that colleague would behave in this way.

1. He wants to stay low because he doesn't want many people to know about his winning. We know that lots of money brings unwanted attention and may be that's why he is keeping distance from everyone until he figures out what to do with this money.

2. He would be thinking that his colleagues would ask him for money and he doesn't want to give them any.

3. He might be busy enjoying his reward elsewhere.

 Funny enough, I see some reasons in your line of thought. But if it was his friend that won that money and not him, i believe he would be complaining of the Same thing if his friend is giving him this same attitude he currently dishing out. Money some times brings out some hidden characters in people, and the guy has shown to be that kind of person to his friends. There is nothing wrong in giving his friends some amount of money to share within themselves, at least to cheer them up for their friendship over the years, doing that wouldn't make him go broke.
Staying away from his friends, wouldn't increase the money, if he doesn't invest it, the money will still finish and when it finishes will he still be able to see those his abandoned friends as people that he can mingle with again..No.

Sometimes I wonder why some people allow money to control their thinking. Who knows if tomorrow one of those his friends will win a bigger amount of money than what he won, and would also treat him the way he treated them. I don't see any reason why we are to stay far from our friends when we are somebody but embrace them when we are nobody.

Once you do leave and abandon those friends then it would really be final and there's no turning back but if you are lucky then there are really friends who are really that willing or ready to forgive you but of course this is something that cant be known until it would happen. Come to think that there's no such thing about permanent on this world and we do know on how relevant on having a friend is but its not shocking that for the sake of money then anyone could really changed up an instant and this is something not really that good to look at on which you are really that making yourself getting that controlled with the love of money or simply being greedy on which you are really that prepared or willing to surrender anything for the sake of it on which it isnt really that a good quality of a certain person.

Good thing if you do able to make those amounts to be able to make it big or something that could sustain you but we know that it wont really be that easy specially on investment or whatever business you would be making. Once you do able to fail then you would really be coming back into those basic things on which meeting up with friends and hanging out again? It wont really be that the same ever
again after you have abandoned them.This is why its never been that ideal on taking up such action specially when it comes to relationship because money cant really be able to
exchange or replace that loyalty and friendship.

That is true. Managing expenses and investments is not everyone's cup of tea. In fact, many people are bad at managing their wealth and end up bring broke even after having a huge amount of money.
We have already seen people who had won a huge amount of money in lotteries still ended up being poor. So such people lose their wealth as well as their relationships with their closed ones just because they changed when they got money.
Nothing lasts forever and I have even written it as my personal text in my profile. People should be aware of this fact and stay humble with everyone.
585  Economy / Trading Discussion / Re: 16k DOLLARS LOSS IN JUST 1 YEAR on: October 16, 2023, 09:17:48 AM
I HAVE JUST EXPAIN TO YOU MY JOURNEY OF TRADING THAT HOW I HAD LOST THESE DOLLARS.
I have started the trading from BINANACE app and I invest 1 k dollar at the start from spot while I had no teacher
i was in trainee at that time one day was will profit the other day was my loss day every month I invested in binance app from my salary
after investing these money would finish in just 4 to 6 days after that I again wait for my salary.
At the end in invested 6 k dollar at one time but there was a coin which has up from 0.92 to 14 dollars I bought this coin in 11 dollars and
unfortunately this coin dip to 2 dollars and I was see my loss in just 10 minutes.
My trading method I just sharing with you tell me where I done a mistake
1: invest in one coin also multiple coin
2: trading was at spot also futures
3.coin was buy from dip they again more dip
4.coin was sell from top they again go up
Kindly share your experience that I m doing a loss you are also a part of my problem so that I want to khow where I done mistake.


You are probably trading shitcoins and taking part in pump and dump schemes. Don't fall for those telegram groups who say this coin will go up.
You have to give your time to the market and learn things. You are doing all those mistakes which have already been discussed here several time.
So you definitely need to slow down now and learn to trade before diving right in. Start learning analysis and start slow.
586  Economy / Gambling discussion / Re: Credit card gambling fuels gambling addiction on: October 16, 2023, 09:02:14 AM
I don't know how deep the debt on credit card gambling is today until I do my own research and mehn, and it's very sad, many people are in debt because they keep using their credit cards to fund their gambling hunger.

Imagine someone you know telling you that it will take him 12 years to pay off his debt, I now know why few countries don't want their citizens to gamble using their credit cards,  betting on credit cards has left too many people in thousands of debt.

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.



Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.
Well, what I think about this is that an addict is an addict no matter what, whatever he does, whatever it is, maybe a credit card is not going to make him more addicted, the credit card simply has a limit. and once you reach it and it no longer works for you, then in this order of ideas, what you are going to do is make the bank earn more money, due to the use of the credit card, although there are many credit cards that do not allow it to be used in casinos, exchanges, brokers, because I have witnessed a Visa card, which a broker was going to pay, I was going to make a deposit and he did not allow it, which I thought was in bad taste, until that moment I did not use that card, because So why have something that doesn't work for what I really like, I stopped using it, now I have another one, which is a master card, if they tell me the same thing again, then I'll throw it away, then this type of thing When they are associated with different types of mechanisms not to be used for, that doesn't work for me, and the truth is that I used it because it is a broker where obviously you need to leave the KYC and everything related to our data, apart from that it didn't help me, so I don't I used more, who loses there? I? They, obviously, then an addict, when they are going to use a credit card, it should be because when they reach the limit I don't know if they can Access extra-credit, it may be, but it is not recommended.

I say that it is not Recommended , because it is very annoying to have a bank calling you saying that you have to pay or something similar every month only and that every time you don't pay it is one day with more interest, so things in the banks are like that They are pretty ugly, and well, that's their business model, nothing else can be done, it's what works for them and if they do it that way the player has to stick to complying or see what the consequences are, but In reality, I don't think that makes him more or less addicted, because the problem is already there, a person is not more Addicted to a credit card.


Yes ofcourse there's a limit to a credit card beyond which we can't use but I think the use of credit card itself makes a gambler an addict.
The reason I say this is because credit cards should be used only in case of emergencies and you don't have sufficient funds to complete your necessities or if you have a great deal/discount on cards.
If a gambler is using a credit card then he has probably used his entire savings and is only left with option of taking a credit.
Using someone else's money for gambling is a bad idea and credit card does not have our money.
587  Bitcoin / Bitcoin Discussion / Re: Ferrari introduced BTC payment option for their cars on: October 14, 2023, 01:49:12 PM
This sounds like a great news and should make a positive impact on BTC price but I see that the momentum is low.
But even that is good because steady growth stays for a long time than a sudden pump in price.
Recently Uber had announced that they will start accepting crypto payments and now Ferrari.
Seems like big companies are starting to adopt cryptocurrencies and I hope the list of companies keeps increasing.
588  Bitcoin / Bitcoin Discussion / Re: If only property I have is bitcoin on: October 14, 2023, 01:20:21 PM
We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when  I was ill, I was asking myself series of questions in my mind.

> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?

So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.



This topic has been discussed several times before. You can use the search box and get more relevant topics in the search results.
There are few options like using time lock transactions, creating a will, sharing partial seed phrase to trust person, creating a secret quiz for your family to figure out etc...
But the major thing is that the person you want your bitcoins to receive should know how to use bitcoin at first place.
So you must teach him about it already before even thinking to pass it on to him.
589  Other / Beginners & Help / Re: Before and after bull run. on: October 13, 2023, 06:00:07 AM
While that is a good advice it's hard to control everyone. You never know what one's going through.
Emotions are hard to control and if you know someone who can't control their emotions then you should try to keep them away from crypto.
Crypto is volatile AF and if someone can't control their emotions then they are better stay away from it.
590  Local / India / Re: Oct 1 | Tax on online gaming & casinos set to 28% on: October 13, 2023, 05:45:49 AM
Again most casinos are not based in India as gambling is illegal as per the law.
Which is why Deltin operates its casino in Goa on the water. They are very crafty because they used the loophole in the legal document where it says "no land-based casinos" - hell we will operate in water Tongue

--snip--


The issue is, the casinos are not allowed here in our country (not even sportsbetting as far as I know) and only this fantasy thing that needs skills is currently running at a very big pace. Even games like rummy, teen patti and other such games where people can actually decide to continue their bets ahead or just fold and wait for the next games, are kind of games which are almost the same as we see on international casinos but I don't understand how our government has not yet banned those games.

According to what I have read, casinos are still operated in India because different states have different rules for them.
The government has given the authority to respective states to decide their rules for casinos.
This is why goa has casinos which are not operated on land but on ships on water 😂
591  Local / India / Re: India's KoinBX rockets into top 100 spot exchanges on CoinMarketCap on: October 13, 2023, 05:37:57 AM
Good to see an Indian exchange in top 100 exchanges but I wonder how come I never heard of it before.
It's the first time I am hearing about KoinBX. I guess they are really saving up on advertisements which is good by the way.
I just hope this one doesn't turn out to be a rug pull.

I was reading about them on CMC, they launched their platform in 2018. This was the same time when WazirX was launched and few other Indian exchanges. Their focus has always been global than local. That might be the reason why they are ranked within the top 100 exchanges globally. Other exchanges were basically focusing on getting Indian users on board. They spent a good chunk of their earnings on advertising in India. They never new that the government of India would destroy their ambition with the tax slab.

Have you tried their platform? Or if there's anyone else who is actively using KoinBX can they share their review of the exchange.
I wanted to know how they are providing deposits and withdrawals in INR and if it's reliable.
592  Economy / Trading Discussion / Re: Is a 20% Annual Return good ? on: October 12, 2023, 04:04:57 PM
With my experience in the cryptocurrency market, I decided to develop a short-term Bitcoin spot trading strategy using the TradingView platform and its strategy programming tool. I managed to create a strategy that yields an average annual return of 20% according to backtesting. My question is, is this return acceptable, or in your opinion, what would be an acceptable or good return?

I hope you are also considering the trading fees and taking it into account. I have seen strategies that look good but when trading fees is added it's not that great.
20% return is very good I would say, but only if you are able to make it after all the deductions.
I would be happy with anything more than 15% to be honest. Compounding it over the years would give a good return.
593  Local / India / Re: India's KoinBX rockets into top 100 spot exchanges on CoinMarketCap on: October 12, 2023, 03:57:37 PM
Good to see an Indian exchange in top 100 exchanges but I wonder how come I never heard of it before.
It's the first time I am hearing about KoinBX. I guess they are really saving up on advertisements which is good by the way.
I just hope this one doesn't turn out to be a rug pull.
594  Local / India / Re: Hello, Nice to meet indians here. on: October 12, 2023, 03:45:18 PM
Welcome to the forum and the Indian board. One thing that I would advice both of you is NEVER EVER copy a post or a sentence from any place and post it as your own content.
Your account will be tagged for plagiarism and you will lose all the reputation you have gained.
If you want to use some sentences from any other place then post it with proper credits and link of source.
Keep reading, keep learning and contributing to this forum and majorly on the Indian board.
595  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 12, 2023, 02:52:56 PM
Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

It depends on how much one has lost. If one has lost beyond his capability then a straight answer would be to stop gambling right away until he covers his losses.
Covering losses should be done by earning more through side hustles and day jobs and not through gambling.
Trying to cover losses through gambling would end up losing even more. If the gambler has lost but within his budget then he can take a short break and then continue gambling.
We all say this, which actually the truth but the facts still stand that this option is really hard to fulfill even for the  so called experienced gamblers. Many gambling would even start up by winning lots of cash until greed set in and at then every perceives a new target. This habit is actually the one that causes that habit of loses that gets the gambler stuck in trying to recover all the winning that they previously enquired.
But some people claim that gambling is fun to them and I assure that this set of people are the one that budget money for the gambling from their earning. Almost all the gambler do it because of money, they do want to work and earn they prefer gambling so they can earn money in time. What I think normally some gambler always believe that they can never loss that why if they loss they keep on trying and that is how they will loss all their money. Most of this gambler are really hustler but since they are addicted to it they find it difficult to quit it.

I won't lie but even I am one of those who gamble for fun. You have already explained that such gamblers have a tight budget for gambling.
Even I deposit only a small portion from my earnings and keep playing from rewards until the balance is exhausted.
I play small bets so that the balance lasts longer. Then the cycle is repeated after a short break.
596  Economy / Gambling discussion / Re: Credit card gambling fuels gambling addiction on: October 12, 2023, 02:24:52 PM
Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.
Maybe there are several countries that prohibit the use of credit cards for gambling but not many have implemented such restrictions, after all, doesn't credit have limits? Unless using an unlimited credit card, it probably won't be suitable for gambling, especially in many cases, many gamblers have a lot of debt. to loan sharks or credit card banks and the like.

The government needs to pay attention to this so that not many of their citizens become addicts and get into a lot of debt, especially as there are many cases where addicts are terrorized because of debt and commit suicide. Of course this is a real concern so that there are no more victims like that, many people die from suicide. just a matter of debt, casinos will not stop using credit cards because for them profit is the most important thing compared to the price of human life.

Debt is a major reason for suicides. Although credit cards have limits but you never know how many credit cards a person holds.
For example, a friend of my friend holds 10 credit cards to get offers and discounts for online shopping and flights etc...
Just imagine if such a person becomes addict to gambling and starts using credit cards for gambling.
He would probably use multiple credit cards for gambling and get into a larger debt.
597  Economy / Gambling discussion / Re: Credit card gambling fuels gambling addiction on: October 11, 2023, 04:25:59 PM
I don't know how deep the debt on credit card gambling is today until I do my own research and mehn, and it's very sad, many people are in debt because they keep using their credit cards to fund their gambling hunger.

Imagine someone you know telling you that it will take him 12 years to pay off his debt, I now know why few countries don't want their citizens to gamble using their credit cards,  betting on credit cards has left too many people in thousands of debt.

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.



Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.
598  Economy / Gambling discussion / Re: Do you gamble because you don't have sufficient money? on: October 11, 2023, 04:15:48 PM
I don't think that's the case because we have seen so many rich people who spend a lot on gambling.
They have everything they want yet they spend so much on gambling which shows that it's not because of insufficient money.
It's mostly because of the thrill they get from gambling.
599  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: October 11, 2023, 03:58:07 PM
Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

It depends on how much one has lost. If one has lost beyond his capability then a straight answer would be to stop gambling right away until he covers his losses.
Covering losses should be done by earning more through side hustles and day jobs and not through gambling.
Trying to cover losses through gambling would end up losing even more. If the gambler has lost but within his budget then he can take a short break and then continue gambling.
600  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: October 11, 2023, 03:51:48 PM
At one of the local gambling shop I visited during the weekend I happened to listen to a conversation between two bald looking gamblers at the shop talking about one of their gambling colleague who had won a big amount of money amounting to a million in the local currency and due to that win this colleague of theirs' has been avoiding them since e won that money. From their conversation it was obvious that they were a circle of close three friends that gamble together.

After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

I can think of only 3 reasons why that colleague would behave in this way.

1. He wants to stay low because he doesn't want many people to know about his winning. We know that lots of money brings unwanted attention and may be that's why he is keeping distance from everyone until he figures out what to do with this money.

2. He would be thinking that his colleagues would ask him for money and he doesn't want to give them any.

3. He might be busy enjoying his reward elsewhere.
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