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Well, quit gambling? I think this is even harder for me than quitting smoking and drinking alcohol. Cigarettes and alcohol are always harmful to health, and they are costly. I'm thinking of giving them up. Regarding gambling, I will never quit. It is my spiritual food. It really helps me entertain myself and earn some money. There is no reason for me to give up gambling.
Yes, gambling also involves high risks. Your addiction to gambling will ruin your life more than cigarettes and alcohol. So it depends on each person. If you feel gambling is beneficial for yourself, Why do we give up gambling?
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I don't know any viable strategies for rich people to win in gambling, But they will still have a higher win rate than poor people. Being rich and lucky will help rich people gamble more than poor people. Their winning rate will increase. If they lose 1 game, they are willing to play 10 games. If you play more, you will gain experience, and your winning rate will continue to increase. The last thing is that their minds are always at ease because they have a lot of money. Winning or losing is as simple as playing a game. As for people with low incomes, I imagine they just lost a few months' salary. I have also been in that situation.
But being rich doesn't make people luckier rich people hold a higher risk appetite so they can afford to lose more bets whereas poor people will be exhausted their balance after a small losing streak. Well, what I am trying to say is that financial status has nothing to do with the luck factor. In my opinion, from a deep perspective, rich people are related to luck. It is only luck that makes them rich. Sometimes, they don't need to be good at what they're doing. Therefore, I still think that rich people are usually luckier than poor people in gambling. (If they lose in the first gamble, in the 2nd, 3rd, and 4th, they will also fail due to bad luck, but in the following gambles, they will have to win. This is the luck I want to talk about) Poor people can only lose the first few games and run out of capital, unable to win in the following rounds. That's also your thought, right? I call it luck. |
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It's hard to do that. When a player wins in gambling, everyone has the greed to bet bigger and never stops. There are very few people who are disciplined and willing to stop playing when they win. They always think that luck will come to them, so they try to make a lot of money. As a result, most of them will lose again.
I've been through this so much. When I win, I want more, and I've devised a plan that works well for me. Before gambling, I planned my winnings. When I succeed in gambling, I don't hesitate to withdraw that winning to carry out my plan. With the initial capital, I keep the same to continue my passion next time. Actually, I have never won big in gambling. But this solution gives me a feeling of security.
Still, when there is a person who can take you away from the casino in time - it looks much more reliable than trying to control yourself - you can't be firmly sure of the reliability of your own nervous system Well, this is probably more reliable. This person is definitely our parent or wife and children. They were able to convince me to stop playing and leave the casino. It's actually very difficult for us to control ourselves when we're winning or losing in gambling. Our mind keeps urging us to keep playing. Voluntarily stopping playing is difficult. Thank you very much for this helpful advice. I will apply it immediately. I believe the success rate will be higher than my plan. |
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I have said this in my previous posts that as a gambler one needs to be wise while gambling and if it happens that you won while gambling, take a break and leave the casino that very moment or if you must continue gambling, remove your profit and just a little portion of your win should be used for continuation and upon the finishing of that particular amount you had removed, get up and take a walk out of the casino because I have never heard where a gambler wins big in a casino and decides to continue playing and winning big again on the go, it's not possible and I have never heard such instead they keep losing and losing. No casino would even want that to happen instead after winning big their attention and focus would be on that account watching how they could just make them loss everything they had won so they do not pay anything out. That is the reality and that's always the casino target whenever such happens.
It's hard to do that. When a player wins in gambling, everyone has the greed to bet bigger and never stops. There are very few people who are disciplined and willing to stop playing when they win. They always think that luck will come to them, so they try to make a lot of money. As a result, most of them will lose again. I've been through this so much. When I win, I want more, and I've devised a plan that works well for me. Before gambling, I planned my winnings. When I succeed in gambling, I don't hesitate to withdraw that winning to carry out my plan. With the initial capital, I keep the same to continue my passion next time. Actually, I have never won big in gambling. But this solution gives me a feeling of security. |
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Back in the years I think 2004 when the Chess Online Boomed , as we(my officemates and me) are chess lover and yeah used to gamble when we are still in college near our university having bets against chess. we have encouraged each others to gamble while at work lol, we have a Facebook chat group that managed and settles bets and the time of play. we seems to be bad but yeah we are spending our work time just to gamble  luckily we are not kicked out from the work but this is not as best as others thinking because some of them are even losing their week salary because of chess. Chess is also a subject I like. I've been addicted to it since I was in school. But I never played it online because I wanted to quit this game. It took me too much time and too much thought to play. I'm currently gambling online with cryptocurrency. It makes me passionate. I play it when I work and when I get home. It really makes me lose focus at work. Many times, my work does not achieve good results due to the influence of online gambling. I may have to delete that app again from my phone. But I deleted and redownloaded it many times  . I don't know how to limit it to reduce its impact on my daily work. |
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Well, I would like to know what could be the possible strategies that a rich lucky bustard can do that poor people is missing to win the game.  There is none, apart from bankroll management, you can't do anything to get the desired results of you while gambling, it will happen only if its supposed to happen or else it will never happen irrespective you are rich or poor. I don't know any viable strategies for rich people to win in gambling, But they will still have a higher win rate than poor people. Being rich and lucky will help rich people gamble more than poor people. Their winning rate will increase. If they lose 1 game, they are willing to play 10 games. If you play more, you will gain experience, and your winning rate will continue to increase. The last thing is that their minds are always at ease because they have a lot of money. Winning or losing is as simple as playing a game. As for people with low incomes, I imagine they just lost a few months' salary. I have also been in that situation. |
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That is a story that should be an example for people on this forum, thank you for sharing your story here because the lesson from this story certainly attracts the attention of all of us to play responsibly and wisely so that we don't get addicted to gambling, as you said, you have consciously make mistakes and casinos will never be wrong because they prepare games for entertainment but it seems like you are playing too seriously.
I know that it is difficult to recover losses, sometimes there are those who succeed and there are also those who fail, but those who succeed are definitely not many of those who fail, that's why never chase and recover losses, let alone losses in gambling, don't always bet all the money It is hoped that you will win, because in gambling there is always a risk of loss and defeat, I hope this will be a lesson for all of us to gamble with money that we are ready to lose and not try to borrow money to gamble.
In fact, this player is addicted to gambling. Perhaps they used up savings to gamble. And now they borrow money again. If they win, they will get back the money they lost before. But why don't they consider that they will lose that loan amount? They lose all their savings and owe more money, and the inevitable is that you have to pay more interest every month. Anyhow, this player understood that they had no control over their gambling. Stop gambling for a while. Try to pay off all that loan so your mind can relax. Thank you for sharing this helpful information. We will be careful not to follow in your footsteps. |
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Risks always wait for greedy people. Lucky people, if they are greedy, cannot avoid the risks that await them. When losing at gambling, everyone will want to add more capital to get back the money they lost. And even those who have won also want their account to continue multiplying. At that time, their minds were no longer alert enough to continue gambling. But they still engage in gambling. Of course, it is difficult for anyone to always win in gambling. Luck cannot come to them continuously. Greed in gambling is the path that leads them to heavy losses.
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Logically it might be considered inappropriate, but in reality it is proven and done. Even though it is done secretly so as not to be discovered, some governments also enjoy the proceeds from gambling taxes that are deposited.
We are only ordinary people, of course we will obey and comply with this.
Provided they pay their tax and they are very much taxable, the government will be more focused on that benefits they derive from the gambling houses so they just get their tax and let them do their business until it turns out their business turns out a menace to the society. Even taxes on the workers in these gambling house are something the government will not reject because they will be beneficial to them, they only put out regulations to making sure these gambling house or sites are not defaulting within the rules of operations in that region but then it turns out that there are some of them that appears illegal but the are still taxed and you have got no influence against them because the government benefits from them. Yes, it could be that if a gambler pays taxes then he will be protected from the threat of punishment, whereas if he doesn't pay taxes then he gambles secretly so he doesn't get caught and doesn't have the freedom to do so. gamble. Of course, with the taxes the government receives from bookies, the government will be happy and it might also be beneficial for state revenue and can be used to build state infrastructure. From these benefits, there is no problem if the government makes regulations and legalizes gambling in a country. country. Yes, in collecting taxes on gambling, the government spends quite a lot of money, like countries that do not legalize gambling. Their people still gamble as usual: they can gamble online or go to neighboring countries to gamble. Letting domestic money flow abroad is a massive loss for the country. Therefore, these countries should legalize gambling to earn some tax money. Not only does gambling bring in a lot of tax money, but it can be said that gambling is almost indispensable for a person. Gambling is practically an entertainment area for everyone. But don't gamble too much. Otherwise, it will cause serious consequences such as addiction. |
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Time after time, I see more people they say Ancelotti should leave Real Madrid and join Brazil because we are expecting to see Xabi Alonso start working in Real Madrid when Ancelotti leaves this team, but Ancelotti said he is very happy to see the offer from Brazil team but he is waiting for Real Madrid to extend his contract.  At this time, Coach Ancelotti is in his second term of service to Real. Coach Ancelotti has yet to be asked to extend his contract. When there is a talented coach like Ancelotti, why does Real need to find another coach? I know that the Real president is a very smart person, so it will not be easy to lose coach Ancelotti. Ancelotti has never led the national team. The position of coach of his home country's national team, Italy, currently belongs to Luciano Spalletti. Indeed, he wants to experience the feeling of being a coach at this giant arena, lifting the world championship trophy with the team. The right to decide whether to stay or go is in Ancelotti's hands. But he should think because Brazil may be absent from the 2026 World Cup, although it is difficult for Brazil to miss. |
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I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
This is a very valid observation because it is a fact, but one important factor that comes to play as you mentioned is "financial management". If you have noticed, the "rich" usually stake higher for smaller odds as they are more likely to be won, some can stake on odds as low as 1.6, 1.7, 1.8, without exceeding 3odds while the "poor" would usually aim for bigger odds hoping to get rich from odds which can range from 20odds to sometimes even above 200odds with smaller amount of money, knowing fully well the probability of a large number of games(odds) to be won is slim. I believe this is the primary reason why the "rich" is more successful at winning gambles than the "poor". Rich people are financially stable. They can gamble more, and Their experience will be more than that of those with low incomes. One factor I think is very important is that rich people's mentality when gambling is always comfortable and confident. They are willing to lose the money they bet without thinking about anything. So their win rate will be higher. As for sound financial management, that is also a factor that helps wealthy people win in gambling. They do not gamble unthinkingly when they lose and greedily when they win. |
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It is foolish to consider gambling as a source of stable income. Even if we win a lot of money today, it is not sure that we will continue to win tomorrow. We can even lose and lose all our initial capital. No one dares to confidently say that gambling gives them a stable source of income. I have seen so many people lose money when they see gambling as a way to get rich and even become addicted.
If someone sees gambling as a job to make money, then they should just see gambling as just a side job. They can earn a decent amount of money here. If they are unlucky, they will avoid unwanted risks.
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No poor have gambled to richness.
Maybe that's true for many, but not everyone. When you're in poverty, you're constantly brainstorming ways to escape it, and it's undeniable that some people consider gambling as a faster and easier option. However, we can't ignore the fact that the chances of success in gambling are generally low, at least for most of us. Yet, if we're truly devoted to what we're doing—putting in the hard work to enhance our gambling strategy—I believe there's a chance to prove most people wrong who think that gambling cannot change lives for the better. Many poor people want to get rich from gambling because there is no job that makes money as fast as gambling, and of course, losing money is also fast. They are betting their lives on gambling. 1, they become wealthy. 2, they become poorer. Very few people can get rich from gambling. These people felt they had enough money and stopped gambling, and what helped them become rich was luck.
There are lottery stories but the money coming from luck don't last long.
Again, it depends on the person holding the money. Yes, keeping money is important. We understand simply the money seems to fall from the sky, not the money we earn from sweat and tears. Of course, we will splurge. That money will only last for a short time. Even if you win a lot of money from the lottery. It's never enough if you spend it lavishly. |
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If exchanges like coinbase, binance...are supported and operating in your country, you can buy bitcoin through those exchanges. As I know, the p2p feature on binance allows us to buy bitcoin through our country's currency instead of you needing to convert to USDT or other stablecoins. I think you should contact the exchange's support to get more details about it because as far as I know, binance only supports some countries to buy bitcoin with national currency. As you said, your country is crypto-friendly, which means it will be easier for you to find local in-person help, which will be better for you instead of looking for help online.
So far, this is the best advice that OP can get because P2P is a pretty good way to do the trades, just input the amount you are buying or selling and what mode of payment you are going to transfer the funds and that's it, most people that are in Binance P2P is quick to respond although that's from my experience when I am selling bitcoin or USDT for the local currency. OP have to be careful about it though as Binance requires KYC and it's a custodial wallet so if you don't like the idea of having your information taken to verify your account and you don't like other people holding your bitcoins which is smart then Binance isn't for you. Many hate when it comes to centralized exchanges but this is clearly the best way for OP to be able to buy his bitcoins without too much hassle. For newbies, using DEX will be very difficult and not everyone can do it. One more thing, many people always talk about DEX but how many people will use DEX for all their trading, or will they just talk but still silently use CEX because it cannot be denied that CEX has been popular and superior to DEX for many years. If everyone uses DEX like they say, why isn't DEX more popular than CEX? |
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There are many old wallets where I have lost the recovery phrase or private keys. Some of these wallets were used for claiming airdrops or bounties and I quickly forgot about them because the coins weren't worth much or I dumped my holdings. There was probably not much value in those wallets except for perhaps my Shapeshift wallet. I remember claiming an airdrop from it but then I deleted the wallet, a few years later they did a bigger airdrop where people were claiming thousands of dollars and when I tried to re-install it to see if I was eligible I could not recover it. Fortunately, I still had access to my Metamask wallet which was eligible and I made a nice profit from airdropped FOX tokens.
We should not throw away old wallets because in this market anything can happen. Not only with the bitcoin wallet, I also kept the bounty wallet and airdrop wallet for many years. Although they are not valuable tokens now, anything can happen as you have experienced. Since joining the market, I have never lost a wallet. I store wallets that are no longer in regular use on my own USB. I advise people not to throw them away because anything can happen. |
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Conclusion: Knowing too well that keeping the seed phrase and other account related information of a user private are some ways to ensure adequate security, I think we need to do a constant check on our seed phrase so that we don't end up losing it.
I agree on this and I also do this often. Not only should we regularly check our seed phrases, but we should also always check our hardware wallet weekly so that if something goes wrong, we replace it immediately. I'm using a hardware wallet but I heard they can easily break at any time so I think we should check it regularly and plug the hardware wallet into the computer as a way to maintain its longevity. I don't know if this is true or not, but some people's trezor wallets broke unexpectedly and they thought that providing power by plugging it into the computer periodically would keep the wallet from breaking. |
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Has anyone asked for your advice? I mean, I mostly agree with what you said, but it's kinda funny how you just made a post about how BTC is good and why is it important to buy it. It's like no one knows that on the Bitcoin Forum.
He was just showing his love and interest in BTC and how he achieved things with respect to other commodities and assets that are way older than BTC, but BTC made a great performance. Just to clarify the topic more, the OP could use useful facts or interesting figures, for example, a comparison between gold or BTC, with other assets or securities, or with commodities. For example, in 2011, the price of gold was a few dollars less than it is now, but in 2011, the price of BTC was not a few dollars less than it is now, and you know that, but maybe many others might not know that. We should be gentle with others and avoid using words that would discourage a newbie from making posts here. I know this is not something unique or interesting, but it might be for OP and for many other members, and talking about the current market situation, these posts will give some reassurance to your mind that BTC is here and that it will help you achieve things like it did back in the past. That's right, sometimes some newbies just want to show interest in bitcoin so there will be topics that make us feel bored because almost everyone knows about it. If we don't like what they say, we can ignore it and don't need to be harsh with them because the forum has no rules prohibiting newbies from posting these things. But I don't see any sense in comparing bitcoin with gold because gold's hype period is over and it has become so big that it's almost saturated. Meanwhile, bitcoin is still just a young asset and has a lot of development potential. And at some point bitcoin will be like gold, its growth will slow down and its profits will get smaller and smaller as it gets bigger and bigger. |
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But I was wondering why Blackrock is on this?
As I see it, they not only want to participate in this market but also want to control this market. No one refuses money and with bitcoin's potential, it is only a matter of time before Blackrock or many large investment funds join the market. So, I think we should take advantage of the time to accumulate bitcoins instead of spending time arguing and criticizing others, to prove ourselves right, but the most important thing is that we don't own many bitcoins. |
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How do we still trust crypto exchanges after that? I'm just in shock and I don't think it will benefit bitcoin and the entire crypto community.
I don't know what benefit you have brought to the crypto community but from many years in the market, I know that centralized exchanges are an integral part of the market and have made a lot of contributions both negative and positive for the market. If they don't work, why are there hundreds of millions of users? Are hundreds of millions of investors out there stupid and only you are smart? The cryptocurrency industry has grown so far thanks to the massive encapsulation of centralized exchanges although many people hate them but the majority of those who hate them do not bring any benefit or value to crypto industry like you. |
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"Why haven't the earliest participants sold their Bitcoin, and some haven't even touched the coins in their addresses, considering the high price of Bitcoin?"
Thank you very much for your answers. Those who hold these addresses may all be believers, just like when Nakamoto was founded, life will end at any time. With a private key, Bitcoin will always exist. I ask questions with a learning mindset, and after understanding, I feel that Bitcoin is like digital gold. It's basically difficult to have it after not having it in the early stages, after all, the price is too high. Although I don't have one, I hope Bitcoin and forums are getting better and better. I hope I can have it in the future. Those who possess are truly lucky
Bitcoin does allow firm holders to achieve financial freedom, is the best return, I am still trying to make money, only for the down payment of the house, hard work and finally debt bound this life, can only be said to be shortsighted, limited cognition of new things, I believe that Satoshi still exists, just for an ID, Satoshi can come out again to create a new Bitcoin? Or give me a little bitcoin, and I'll change my life
I believe it's because most of them lost access to their bitcoin wallets. Honestly, if someone still has access to their bitcoin wallet, I don't believe it's possible for someone in the last 15 years to not once sell their bitcoin for a dream profit. People who buy bitcoins for less than $1 or $0.01, they have millions of percent profits, which is a crazy profit that even rich people would covet, let alone ordinary people like us. So, other than them losing access to their wallets, I really don't think there's any other reasonable reason. |
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