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61  Economy / Gambling discussion / Re: Is gambling all about luck? on: January 26, 2024, 09:46:45 PM
In my opinion making cash from gambling is not a good option and the statistical probability that you will win every game at every casino is very low. I think winning or losing every game is completely in your head, so your individual tricks are not there. However, we all have some kind of luck so we should strive for what is possible for us.
I mean at the meat and bone of it all gambling is nothing but chance-based. Even games with strategies involved in them. But the thing is that these people who have gambled for profit through a system didn't get to where they are just because they are lucky.

As I said they have a system of play that involved either taking calculated risks that ultimately yields them a net profit instead of losing all their money in the process, or an exploit that they found within the game's mechanics/system that they were able to capitalize. Some people are just inherently smart and are able to maximize their win conditions which therefore gives them a bigger win in the process. So while your statement is true, to say that gambling is nothing but chances just takes the reality of things away and renders people who are able to succeed in this industry (except lottery winners of course) as nothing but one-hit wonders which couldn't be farther from the truth.
62  Economy / Gambling discussion / Re: Gambling by financial dependents. on: January 26, 2024, 09:23:44 PM
I say he listen to his parents for he meantime. The kid is clearly still depending upon his mom and dad still, and in my opinion regardless of if whether you're the most responsible gambler on the planet or not, you have no business wasting money that didn't come from you in the first place. Just picture this, if you're this irresponsible with money that instead of actually spending it on something more worthwhile and long-lasting you thought of gambling the money your parents gave you then what more would it be if it were your own money?

At this point it's not just about not listening to your parents but actually setting yourself for a bigger problem in the future. It's good that you're responsible as a gambler but with money? Not really man. I'd suggest your nephew to start listening to his parents first, and perhaps look into more productive ways to spend his money instead of splurging it in a casino.
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64  Economy / Gambling discussion / Re: Making too many picks reduces chances of winning. on: January 21, 2024, 11:59:13 PM
As gamblers, we love more action, so we tend to make more bets on a regular basis. However, experts say that when we make too many picks regularly, our chances of winning decrease. This is due to the fact that we won't be able to analyze all the games carefully that are in our ticket and won't have the advantage needed to win. So instead, it's recommended that we should value quality over quantity if we want to succeed in sports betting.

Share your opinion regarding this matter.



Edit : I see that some replies are talking about parlay. FYI, this is not about parlay, it's about making many single picks on a regular basis. Please avoid using parlay when sharing your opinion.
In my opinion, I don't think making more picks lead you to more losses, only that you're able to avoid losses when you make picks one at a time that you would've otherwise experience when you make multiple bets at a time. Odds and chances don't change every time you make a bet as I believe that everything's pretty much as predetermined as it gets. You're going to get that particular win or loss regardless if you play it or not. It's your choice however if you'd take the risk and play it, and this is where you might see the heuristic of "losing more when you make more bets" which isn't really the case if you think about it.

Personally I wouldn't really place multiple bets as I'm more of a "simmer every bet" kind of guy. But if you're someone who's more comfortable taking many bets in one go by all means go for it. You should always go for what works best for you and for your bankroll.
65  Economy / Gambling discussion / Re: Is there any fun in losing while gambling on: January 21, 2024, 11:26:21 PM
Over the time, I’ve seen several post, by users here who, claim that gambling is strictly for fun, even when one is making losses and I’ve paused to ask this question “Is there actually any fun in gambling especially when the losses are more than the winnings?”
Let’s be frank, there are several other things one can do for fun aside gambling and I understand that life it’s own is a risk but seeing claims that people see gambling as fun even when making losses is weird and I think it’s worth discussion as to know if truly people gamble strictly for fun without minding if they’re losing or winning
One of the biggest misconceptions about gambling is that "you can only have fun when you win more". Stemming from the notion that most people who are gambling always shoot for wins and prizes. But the truth of the matter is that you can pretty much gamble, lose, and still have fun. That's only if you're gambling for the sake of being entertained however, which I argue is the best way to gamble in the first place.

Gambling for the sake of fun works cause you're not really after the win, you're after the rush that you get when you're anticipating the results of every match. If it's a win, it's great, if it's a loss, it's fine and you can pretty much go on without really losing momentum or whatever cause you're not after the results, you're basically just after the feeling.

So yeah, gambling and having fun even while losing is not a work of fiction or a theory, I have a couple friends who gamble occasionally and is able to have fun even while they are losing, that's enough evidence of the fact for me.
66  Economy / Gambling discussion / Re: Will you be worried or comfortable seeing your elderly mother gambling? on: January 21, 2024, 11:06:10 PM
You know your mom the most more than anyone in this forum. You know best whether this is something that works for her or not, (assuming that you're asking us about our respective mothers and not the one that's in the post) and in that case, I say from there you make a decision that best fits her.

For one, I have a mom that's not really into gambling, but soon as she started getting old and bored she found gambling a little bit enjoying, oftentimes even gambling with her female friends around our block and earning money which I don't really know what she's going to use for since we're giving her allowances anyway, but I digress. She knows her limits and is able to stop when we tell her to stop. In such a case I wouldn't really be concerned about it. The same case can't be said for some of your parents so as I said, just really push for what works best for you and you parents. This isn't something that you can just point a finger at a choice and advice to people willy-nilly.
67  Economy / Gambling discussion / Re: [Boxing] Tyson Fury vs Oleksandr Usyk - February 2024 in Saudi Arabia on: January 21, 2024, 10:37:20 PM
Btw, promotion of this fight might be a failure. If Fury is a media guy, he can increase sales, then Usyk is very modest. I expect him to be very silent during pre fight conference (at least Fury wont get into Usyk head Cheesy), also it is not likely they would make funny promotional video as Fury vs Ngannou. Their promo would be a standard.
It's not about the promo man IMO. This is a unification fight, from the moment it was announce official and tickets are available for safe, people are already buying as this is probably the best fight this year. It will be next month but I'm sure they'll already achieve their target ticket sales, or if there's a PPV too, I'm sure their reach a decent number of PPV subscription.

If people are buying a Fury vs Ngannou fight, they'll buy more on this real and a unification fight.
Unification fights is definitely going to bring in the cash in here but in my opinion Usyk is not that known amongst the people outside of the boxing sphere, Tyson is. If he's able to market this fight by himself we might see filled seats but besides the fact that this is an undisputed bout and Tyson's in here nothing really sparks the common boxing enthusiast's interest here. Ngannou vs Fury can't be compared to this. Ngannou is already famous beforehand and is racking millions since his jump to boxing. Tyson is a rising star at his prime during this period. The Tyson vs. Usyk fight in my opinion doesn't hold a candle against the former battle even though the fight's pretty much one-sided and suspicious as well.

I didn't say that they won't give us a good fight. Just that I don't see this fight breaking the internet just as much as the former boxing match did. If anything this is going to be in the same level in hype as Pacquiao vs. Cotto or whatever.
68  Economy / Gambling discussion / Re: Increased Gambling Risk for the Younger Generation on: January 21, 2024, 10:14:44 PM
There certainly is a propensity for the younger generation to fall for cheap tricks and the allure of earning a lot of money without doing anything, especially now that they are practically tied to their gadgets and the internet. I say the lack of care and vigilance among parents' are also a big contributor to why a lot of kids are lead to bad influences. From gambling to crimes. Gambling is just as popular as it was back then. I don't think there's been a paradigm shift in relevance, notice, or outlook among people as many still see gambling as either exploitative or as a means to earn money (which should not be the way to perceive gambling mind you) but oh well. As a kid, it's your responsibility to make sure that your life choices lead you to better days as well, you can't just blame everything to your upbringing or how mom and dad doesn't notice you that much so you'd just invest your time and effort into gambling instead of bettering your life.

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71  Economy / Gambling discussion / Re: Gambling can be a hope restorer if we go about it wisely! on: January 21, 2024, 12:12:41 AM
I wouldn't really count on gambling as anything other than a way for you to pass the time when all other stuff isn't available or just doesn't work.

Hope restorer? Watch wholesome videos on the internet, watch motivational vids and Ted-Ed lectures, I feel like they are better by a longshot than spending money on something trivial like gambling and "hoping that it restores your hope" lol. Not trying to be cynical or the party-pooper here, but as what someone here in the forum said, the moment you make gambling anything but a way to pass your time, your ass is cooked and you're going to be addicted to it if you don't check yourself. And this goes for everything you believe gambling to be, even as this "hope restorer" as you put it.

Don't make gambling into something that it isn't. Not saying you couldn't have fun with gambling because that's what it's for in the first place but at the same time, the highly you think of gambling the more you're going to depend on it, and once you depend on it too much you're for sure going to get addicted.
72  Economy / Gambling discussion / Re: Mental rehabilitation clinic. on: January 20, 2024, 11:52:25 PM
Imagine that there is such a rehabilitation clinic for people who are addicted to gambling. Now imagine what they treat there without the use of pharmacology.
    The main doctors there are gambling specialists, whose task is to convince you that you do not need to gamble. Your task, for example, is to prove that the patient most likely has a disordered game. In order to have long-term income, you need to have a gaming system. And not just a system, but a fairly innovative system of forecasting and risk management. Most likely the patient does not have it and never had it; otherwise he would have been successful and would not have ended up in rehab.
    It is also necessary to find something for the patient to do instead of playing, so that he can occupy himself.
Now imagine that this gambling expert is you. What arguments will you give? What will you tell the patient about?
       Please note that the patient will resist to the last. He will give counterarguments. For example, that he will get rich in the future, he’s just not lucky yet.
    What other arguments do you think the patient will give? How do you respond to these arguments of his?
Luckily for gambling it's way easy for you to really get rid of it, especially if you haven't ruined yourself that much just yet. So therapy or rehabilitation are nothing but last ditch effort given to people who are so far gone that the conventional quit cold turkey's just not gonna cut it. And once again, luckily for them the current systems of treatment provided for people with gambling addiction work just as fine, and they don't need any revision or whatever.Plus in my opinion, giving the people who want to change their lives the very thing that ruined it is fucking stupid. There's a reason why people who were once alcoholics swear off alcohol and would never even let a single drop of it fall into their lips. Drug addicts do not get "micro-doses" so they can slowly feel better or whatever. They quit cold turkey.

Gambling's pretty much the same and you shouldn't think of addiction recovery as a gradual process that they shouldn't be shocked with. Matter of fact it's what they should experience first and foremost.
73  Economy / Gambling discussion / Re: cashout or wait till the end? on: January 20, 2024, 11:33:56 PM

How would you feel if you had the opportunity to cashout this amount, and later loose all?

most times people always find it difficult to cashout their fund when they have the opportunity,  due to having that mindset that they want to go home with the Goody bag. by so doing Sometimes the game will end without them winning a dime. but loosing all to nothing. while some will cashout, and later the game will end well and they will start regretting why dey didn't wait to the final.
now my question this,

cashing out or waiting till the end of game which is more better?
I say cash that out.

Not gambling for profit or anything but money like that hardly comes by every time, so when you the opportunity comes for you to claim such amounts I say go for it and don't let it slip away from your fingers. I've seen someone in this gambling board and I really forgot his name but he's a cool guy who would bet on ludicrous amounts, win them, still think that he could do more, and lose everything. I say don't be like him cause unlike that person you're not gonna get enough money to support that kind of gambling lifestyle and money like what you're showing us right now is more than enough for a gambler to take off for a while without touching his account.

So yeah, opportunity comes once in a lifetime, capture it. Wins like these are good enough and if in the off chance that you could've won more it's still relatively better than if you have lost it all cause you're arrogant and you think you could win more by pushing your limits.
74  Economy / Gambling discussion / Re: What is your state on mind if your son stole your money to gamble? on: January 20, 2024, 11:12:46 PM
My friends aunty called him on the call while we were conversing today, and  she was complaining about how her son has withdrawn #20,000 approximately $15 from her account through mobile transfer to play bet and he lost it all.
She complained bitterly and pitifully because she struggled to safe such amount of money.

Now, the mum is calling on everyone she could to intervene, discipline the child and force him to provide the money in any means he can without the concern of how he could refund the money.

Question: would she be so disheartened and mad as this if the son had won the bet on a multi million price?
Dear fellows, let's assume you are the mom, what would be your state of mind on this context?
I am going to be livid. Might even smack the shit out of him if that ever happens (if I were to even have a kid in the first place.)

The thing is that you as a parent should teach your kid how to be morally straight and what's right and wrong, the very fact that he's stealing from you is a stark sign that you're not raising your kid right cause how in the fuck is he able to steal from you or even have the balls to steal from his parents? And to even use the money for something as trivial as gambling, that's just insane dude. I say smack the shit out of the kid and make sure he realizes that what he did was wrong, it's one thing to steal, it's another to waste it on gambling. If you guys let him do this he's gonna grow up thinking he can manhandle you people and steal money for everything he thinks is cool. This time it's gambling, tomorrow it could be drugs. Make your choice. But personally, I wouldn't let something like that slide within my household especially if the kid's still living under my dime and roof.
75  Economy / Gambling discussion / Re: Higher and lower risks in gambling is the gamblers choice. on: January 20, 2024, 10:53:47 PM
I don't know if everyone is aware of this that the more risks you takes on your predictions is the more higher the game odds, and this set of gambling demands lower stakes due to the chances to win is extremely high. Strategically, you are trying to safe your funds from some sort of impossible winning because it is obvious that you are daring the game with such high risks.

And the lower risks you takes on your predictions is the smaller the game odds which you may demand higher stakes to secure an appreciative winning. Although there is still no assurance of winning here for winning in gambling is strictly game of luck.

This is all about you either faces your fears and ready to accept what it brings or you withdraws from your fears and minimizes the threats outcomes.

You're overthinking this too much. The thing is that everyone's very much aware of the risk vs rewards system, it's not just enclosed in the gambling industry after all, what they do with their risks and how they manage their rewards is practically none of our businesses because at the end of the day, we do what we think is right and what works for us. If for person A the jig is to splurge it all and hope for the best while he's still enjoying and earning money all at the same time, then we can't really fault him for that. It's what works for him after all.

If it's the other way around then I don't think it's a massive issue for anyone as well. I myself used to bet on literal small amounts before I learned to balance it out by betting in specific values, you're right, it's all about the way we manage our risks but honestly, no need to rub it in people's faces. They know it.
76  Other / Off-topic / Re: Keeping your gambling habit a secret. on: January 17, 2024, 10:00:45 PM
We live in a society where people have different views about something and these views could be drawn based on different constituent like personal sentiment, religion, ideology and experience. And speaking of gamble there are those that view it as an irresponsible activity to embark on and whoever is into it is tag as irresponsible guy, for some it beyond being irresponsible but a sin something that is evil,  while some others out of an ugly experience of a loved one that got ruined by it due to extreme addiction.

These factors has made a number of gamblers to keep their gambling habit a secret doing all they could not to let friends and family  know they gamble. And it does seem like they ain't proud of what they're doing.

But why continue in what you're not proud of by keeping it secret cause maybe you're worried about what people may say, how their thoughts about your person might change. Or how you might loose ties with someone you hold dear to. And many other reasons that follows.

Those that keep their gambling habit a secret is it that they're not proud of what they are doing?.
I say if we're talking about normal gambling habits where you gamble every now and again, I think it's not something that you should really go out of your own way to tell people about, especially since there's no real risk at all. It's still something good to let people in on especially those close to you since they can easily check you out whenever, but if you're casually gambling I don't really find the reason why I'd bother people about it.

Now the story's different when you're gambling a little more seriously, either by choice or because you're finding yourself in a deep rabbit hole that you can't easily get out of courtesy of past gambling mishaps and whatnot. If this is the case then it's much more important that you tell people closest to you about what's going on. Regardless of shame or whatever. For one, this is usually the instances in your gambling journey when you're putting a serious dent not only on your bankroll but quite possibly even your finances as well, if you're with a partner they deserve to know where your money's going so they can budget or in certain cases, help you with your addiction.

There's no shame in asking for help especially when you need it. So don't be too stingy to ask for help. Trust me when I say these people that care about you would rather see you recover then pick yourself back up than get all the money you lost and then die in the process.
77  Bitcoin / Bitcoin Discussion / Re: What would it be like owning a Bitcoin in 2024? on: January 17, 2024, 08:56:12 PM
Depends on where you live. If you live in America and every other First-world country a bitcoin wouldn't be that much since having that much money also comes with the expensive items that you'd have to pay for. On the other hand, Third-world country-citizen will see the most benefit with owning a single bitcoin. In the Philippines alone, you pretty much could buy a whole house and lot package with the 45k that you're getting from bitcoin alone, and this is expected to persist at least for a couple of years cause houses in the Philippines are cheaper.

Ideally I'd say you're set in the crypto industry as long as you have a bitcoin in holdings, I've seen some of my friends start off with as nothing back then and still earn 4x bitcoin's amount so what more would it be if you could get that much this early yeah?
78  Economy / Services / Re: [OPEN] Duelbits.com | Signature Campaign ~ Full Members+ | Up to $70/Week on: January 16, 2024, 04:33:09 PM
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79  Economy / Economics / Re: Financial education and why it should be a priority. on: January 14, 2024, 11:47:52 PM
I'd argue that it'd be more important for you to learn how to manage money wisely than to actually earn your first million.

I've seen people who win the lottery splurge their whole wad of cash on hoes, drink, and drugs only to end up poor after a few years. All of this because of the easy money mindset, and the fact that all they ever knew money for is as a spending tool that they can abuse at their whims. People who have the mindset of a king that assumes everything grows on trees and they can just win the lottery again if they lose all their stuff cause they won once, that means they are lucky as hell.

On the other hand I saw self-made millionaires with as low as 100 bucks on their name from years prior, able to buy and support their whole family 10 times over because they know how to take care of themselves and the money that they have accumulated over the years. Goes to show that you can make a million out of a dollar, and you can also make a dollar out of your millions. It all depends on how you manage your shit and how you look at money.
80  Other / Meta / Re: Just a common sence. on: January 14, 2024, 11:09:13 PM
Yes i called it a common sence why because,how can a profile having a sendable merit that will be of help to some people and you are keeping it wasting it that is not wise,and please trading with merit is going on in this forum.i dnt know if moderator you are aware,i dnt think you are.it is in your hand to give a profile a sendable merit and you allow it to wast how then can others grow.bible said with hole not good from a person when it is in ur hand to do so.now what are some people doing. So people friend is just a common saying am not ben bruce.but let try to make the forum an enjoyable place.
First rodeo huh?

Not justifying how things work in this forum especially in its darkest alleys (the selling of merits, merit trades) but the thing is that for some people especially within the Hero Member to Legendary status, a lot of us would have a higher understanding of how to look at and how to look for constructive and contributing bitcointalk users. Personally I wanna dry up my sendable merit pool but the fact of the matter is that, there's just not enough good posts on this forum, and if the post's not good no matter how constructive you make it the comments will look stupid, rendering us Hero Members, Legendaries, and even merit sources unable to provide it with merit by principle.

Now how can this change? Be part of the bunch that pushes out great posts that evoke thoughts and critical thinking among users, don't be part of the bunch that pushes content for the sake of meeting quotas on their signature campaigns. The weak will be culled from there as the mods see who doesn't post spam and shitposts.
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