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
Gambling for fun as gamblers are mostly advised is just so that they wouldn't be so emotional in a case of losses because if gambling isn't played without emotions being involved then a lot of gamblers might run into mental health like their reasoning sometimes might be abstract from how others do as a result of thinking too deep because of a loss. No one is happy losing funds in gambling and call it fun so the fun there is actually referring to not being too attracted to gambling and peradventure becomes an addict. |
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Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.
Normally, almost every activity of human existence requires finance hence it is important for everyone to be used to some financial systems that would broaden ones knowledge about some business approach one can apply in other to be successful in any business they wish to venture in so financial education plays a vital role in the life of any individual that wants to be financially stable in life. |
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Trading is not a good choice for beginners but sadly, many do this believing that they can make it right but the results are disappointing.
Just hope that the next generation will have the time to analyze their position and be able to see their capabilities because it is hard to assume that we can make a good profit if we lack of knowledge and surely it ends up losing.
In fact, many old traders quit trading and are now becoming investors and holders because they know and based on their experience it was the best option to take.
Trading isn't that bad though but it isn't advisable because as a beginner that isn't too conversant with how trading works and to be observing some signs and signals before trading gives so much stress and calculations and one can get into too many losses in the process so buying and hodling is always the best as one just needs to invest your money on Bitcoin, use the DCA to buy more Bitcoin from time to time then just sit and watch your investment grow. |
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Brother thanks for this piece of information, expecially to our newbies, because 2 weeks ago I also had an encounter with one of this scammers on binance p2p, because I usually bought 30k naira amount of usdt, which I do regularly monthly since i save in dollar.
After I made payment, this guy refuses to release the asset to me, after I have even send him the confirmation receipt from my opay account, what I did was to appeal to the binance customer support and my receipt as evidence that the guy have refused to release the asset, they gave him an hour grace to reply to my complain why he doesn't want to release or his account is going to be blocked and the asset released to me, when the 1hour is almost exhausted, that was when he finally released the asset, why am I say this? When doing a trade on p2p as a newbie, it's very important to that someone experience is present, so as to show him how to go about it, and the measures that should be taken if the next person is a potential scammer.
Please Scammers are getting more sophisticated everyday, we should all thread with caution.
Like almost every day scammers uses new strategies to defraud people more especially newbies are always victims to this effect and sometimes before entering to do any p2p transactions, make sure you're mentally okay like nothing is bothering you at that material time otherwise you might make mistakes in the process. Though everyone should be cautious not only newbies on how they go about p2p transactions otherwise you would get scammed. |
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snip
From your narration, though online gambling is good as it will make you to take your time to study the events you want to stake on carefully as you are at your own comfort but It doesn't really make much sense to me like gambling has any health benefits because talking about gambling indoors in other not to contact communicable disease from other basically, inasmuch as life is concerned you will certainly be exposed to people that have communicable diseases outside, so it is your responsibility to always go for check up in health clinics to know one state of health. Though sometimes, gambling for fun makes one feel good but yet no health benefits that's attached to it. |
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To me this ban on Fintech is a blessing in disguise because it will spur more investors to use Bitcoin and other cryptocurrency to make payments across the country, so I don't see it as a problem to us crypto enthusiastic, because the p2p method have practically make our banking system policies toward crypto less effective than the way the government expected it to be, so anyhow it is, it's a win win situation for us crypto enthusiastic.
Yeah actually, it is somehow good and bad news at same time because since there is still congestion in mempool and transactions fees are still high, performing crypto transactions like bitcoin will still be very difficult for now and it would be difficult to make crypto exchanges through P2P because CBN might start tracking crypto transaction through online medium of exchanges between crypto to fiat so despite the fact that we are seeking for a crypto enabling environment but the government doesn't need to place ban on international transfer system because basically this decision would affect individuals that performs transactions using foreign currencies and our local currency. |
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~~~
The rate of scam in X this days is really alarming as scammers have been using this social platforms to defraud and mislead their victims which pose a bad reputation to X owner Elon musk, this is really a matter of urgency because if the advertisement of malicious links and other scam strategies are not brought to a hault then the rate of individuals using X might start diminishing from time to time more especially newbies that's are new on the platform and doesn't understand or know more about the risk involved in using some of the malicious links being advertised. |
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message: Hi OgNasty, I'm cryptoprincess101, I really had fun signing this message to you as it is my first experience. Thanks for making me have this experience!
Address: bc1qfc2t89y8xfnzy2f3893fkmr54njd78zsvkyhpk
signature: H2cvBjTL/Rht/ez7zFx0WYKXLqqoVS3N7LWkKAsGePz0KfkHu6+fy0+sRhVUFG2ZMfsKswY5c061vscqP3MzVh8=
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I believe we all as humans needs a developing mindsets.our mindsets determine the way we deal with thoughts, decisions making and situations and setbacks.i think also our willingness to grow and improve ourself helps in grabbing and seeing opportunity to grow. Than having a fixed mindset that posses a later look at failure as an opportunity to grow, instead of seeing it as a limit of our capabilities.
Developing ones mindset towards positivity helps an individual to grow in every aspect of life endeavors because our mind is like the C.P..U of a computer as it controls all activities of the whole body so it i necessary for every individual to grow and develop the mind to be able to accumulate good ideas that can proffer good and quality solutions to ones problems. |
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so my question is, which is more risky?
A). Running a physical business that has a whole lot of risk associated with it or
B) running an online investment with high risk of hack that could result in you loosing all your asset..
All business are risky be it offline (physical) or online but it is necessary to study the business standards very well before starting to run a business. One should be able to know more about the business they are venturing in and shouldn't venture into a business because you have passion for it to passion ought to be involved but still knowing about ethics of the business is really very important. |
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Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
OP I actually get your point because due to inflation the money we tend to save doesn't have value because definitely, the price of goods and services will keep rising as day goes by whereas investing on some assets like Bitcoin will make ones investment to grow overtime till it is matured enough then one can decide either to sell off some of his coins of which he can make profits from it and moreover investing on some fixed assets will make it values to increase in the future. |
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I just met a friend while playing in a lottery called Keno. He is a good gambler and sometimes hits jackpots. As a pensioner with grown children, he is a heavy bettor. I noticed that he is a generous gambler. He uses half of his winnings to treat friends, neighbors, and relatives every time he wins. He does this to invite good karma and since he acknowledges his gambling addiction, people who know him don't question him. One of his friends asked him why he kept betting instead of saving so he would have something when he needed it. His answer was straightforward, 'I am betting so when I win I can share half of my winnings with my friends and relatives who need money like you. ' I was surprised by his answer. His friends felt guilty for asking him. Some gamblers are that generous to avoid questions about their gambling activities and to continue gambling. Actually some persons are generous when they win as they don't care about their losses but whenever they win they tend to share part of their money either with their fellow gamblers or some family members and some of those that does give family members part of their winnings, does that on purpose because most family members always condemn gambling so if a relative is into gambling they normally say ill things about such a person and even tag the person as wayward and someone that doesn't do anything useful with their money so trying to give his family members part of his winnings is rather a way to shut them up so that they will no longer be saying provocative words to them due to their gambling habits and moreover the reasons why most people see gambling as bad is just because of the excessive loss people experience if not had it been that gamblers win oftenly believe me no body will condemn gambling. |
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However, I am meant to understand that some people go as far as visiting seers and the rest of the spiritual houses to help them play or see the outcome of the games they want to play so they can win big.
It is believed that gambling is beyond superstition and using diabolical means to maneuver and win gambling though sometimes it may be true that people use diabolical means to earn winnings but I believe that anything that is beyond the physical and natural way of doing things also have side effects that are attached to it so if someone uses diabolical means to play and win gambling then they should also be prepared for the aftermath of the repercussions. |
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Exactly, the DCA strategy has become a widespread adoption among people investing in bitcoin and one of the most interesting part it is that it creates opportunity for new investors who don't yet have experience to have a wider and broader knowledge while already taken a position in the market.
To an extent I think one of the reasons why most person have not investment in Bitcoin is because they lack the self confidence and conviction about Bitcoin existence, although it is not for everybody but, considering if Bitcoin has a place in your portfolio definitely requires you looking beyond today's headlines but the future.
Basically, the DCA is a very important strategy that ought to be adhered by any beginner who wish to explore in the long term buying and holdling of Bitcoin which is a more profitable way in Bitcoin investment but however, the causes of the reasons why most beginners fail during their investments journey is as a result of procrastination rather than taking the risk, they would rather begin to imagine some negativity and uncertainty in the course of their investments without being optimistic that they would actually reap the dividends of their investments in the future though anyone who is new into any form of investment is always afraid which is normal because since you are not familiarize with how the system works so definitely you won't be too forward until you've experienced notable success. If any investor wishes to reap a long term investment benefits then looking beyond the headlines should be the priority of such an investor because if they keep looking at what is being said about Bitcoin all day then actually they can run into some random news that will destabilize their state of mind and insert fear in them which will lead to not fulfilling their investment objectives and goals. |
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Success in investing is a form of our confidence and focus in forming our trust in Bitcoin. Yes, despite the many reasons stated, sometimes it's just a matter of time which is a big problem for them, but I don't think that's a measure to prevent us from investing in Bitcoin. Some of them may have invested early in Bitcoin at a cheap price and that is an advantage for them. But for beginners who are new to Bitcoin, of course they have to focus and take an approach to learning about Bitcoin and accumulating Bitcoin by starting from a smaller amount.
Many of us have gone through difficult times in our lives, especially making many mistakes in Bitcoin investment but all of that has become an experience not to repeat. For that reason, for those of you who have prepared step by step to accumulate Bitcoin, keep doing it and don't assume that currently the price is expensive and you are postponing your purchase. Because to find a cheap price, of course you have to buy it regularly, of course, in all the purchases we have made, we will find a purchase at a cheaper price in our investment.
If the initial target is 1 year then focus well because 1 year is only a short time if you are full of confidence in what you have planned. Yes, after a successful first year of course the best option is to target the investment in the long term or for our future. Staying focused on your respective stances with purchases with a budget of $30 is certainly not a difficult thing to do, but yes, stay consistent if our target is long-term investment.
I wont doubt that self conviction and personal trust is a criteria to a successful investment for a beginner. I know that there are thousands of resources, investment courses and podcast about bitcoin investment that are availlable foe newbies but without self conviction and trust one will still fall for some mistakes that most beginners make during their first investment period..Ranging from choosing the right investment approach to maintaining consistency and avoiding greed. Most times these mistakes persist if they are incompetent to learn. An investor should try to learn everyday so that they wont make the same mistake twice as it requires loss of funds if mistakes keep occuring. Dont wait for the next person to advice or teach you before you start re strategizing. Yes others opinion may be valid so you have to filter them and make decision yourself because if anything goes wrong you will be the one to face the consequences. Of a Truth self conviction plays an important role in the life of a beginner because while trying to invest in Bitcoin you may be going through some technical analysis to know the right investment approach to follow in other to succeed in your investment, however every beginner makes one mistake or the other during their investments processes but this mistakes unleash them to more business ethics and ideas Incase of next time they want to make investments so it will enable them to be exposed to the right investment techniques in other to become successful investors. Basically, an investor doesn't actually have to listen to much opinion from people who thinks they are investment experts as sometimes they stand as a distraction for one to concentrate and learn some basic techniques and principles to follow in other to make right decisions in the course of ones investment practices. |
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Having a regular income is good for everyone but for a gambler, it tends to even draw them more closer and become addicted because since the income is coming at regular intervals, the gambler would feel he can actually win on several attempts thereby he can even spend most of his money in gambling with the hope that he would still receive another income within a short while and since he is very sure of his income he might gamble carelessly with the mindset that after all his income will surely come. So even while having a steady source of income, a gambler needs to learn how to manage his funds and not allow his gambling to take the most part of his life then only can he be at peace and play in a responsible manner.
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How the society is now one has to be extremely careful with the way we bring up our children and then no body can raise our children better not even their teachers who spend most time with them
In this jet age they ( children) learn very fast from as early as zero years..
Parents needs to be alert with the activities of their children until they get to adulthood
But in all prayer is the strongest weapon
The problem with most parents now is that they don't care about the upbringing of the child as most parent is now after making money thereby discarding their parental care to their children which really affect the child while growing up because since their parents are not giving them the required attention they deserve, they would be exposed to people who are vulnerable in the society and can impact negative ideas to the child without the parents knowing. For sure we are in computer age that children tends to learn very fast and their brains are super intelligent as any thing they learn outside they tend to practice it be it negative or positive things. |
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Apart from the investment aspect, the use of Bitcoin as a means of trade provides another important incentive to acquire it. Because Bitcoin can transmit funds quickly and has relatively cheap transaction fees compared to bank charges, it is a popular choice for transactions, especially when large amounts are involved.
You have a point but don't you think that due to the high transactions charges now and congestion in mempool that makes transactions to take much longer than expected, the relative idea of Bitcoin have been defeated because not too many people can be patient enough to wait that long for transactions to be confirmed and also pay high transactions charges. Moreover, some individuals perceive Bitcoin as a safeguard against inflation, positioning it as a store of value. As traditional fiat currencies face the risk of devaluation due to inflationary pressures, Bitcoin's limited supply and decentralized nature make it an attractive alternative for preserving wealth over time. In essence, the multifaceted appeal of Bitcoin as an investment, a medium of exchange, and a store of value contributes to its widespread acquisition by diverse participants in the crypto landscape.
Oh yeah, Bitcoin being a decentralized digital currency yet have gained government involvement through approval of spot Bitcoin ETFs making it possible for Bitcoin assets to gain security through centralized authorities, don't you also think that the decentralized nature of Bitcoin has been conquered due to the involvement of USA SEC in approving spot Bitcoin ETFs?. |
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But waking up this morning, a friend of mine had similar issues, but this time the scammer came with a little twist. My friend told me he had placed an order for $70 since he needed some funds. As he wanted to click the sell button, the price changed, and he refreshed it again. So he bothered not to check again and procedd with the order as he got the alert in his phone he saw that the merchacnt changed the order from $1 = 1,460 Naira to $1 = 1,270 Naira.
That was a very fast scam and that's why it is advisable to check the exchange rate whenever it changes when you want to sell your coin to a particular buyer so that you can be sure of the amount you are exchanging at in case you are not comfortable with it then you can move to the next buyer and moreover don't sell coins to buyers that doesn't have at least 98% to 100% of positive feedbacks from people he bought coin from previously as it will help you to know the trust rate of the person you are dealing with. And again you can check the quantity of coins the buyer has bought from previous sellers if they can be capable to buy your own coin as well so it's from their previous transactions that you would know if you can earn some level of trust from them. You also need to confirm that the full amount transacted between you and the buyer has been paid into your account and always use banking platforms that can confirm transactions as quick as possible rather than using banking systems that would spend so many hours before you get notification of a transaction you performed. |
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Without considering any more opinions Bitcoin is relatively the best of investment in terms of dealing with cryptocurrencies. This same mistakes most people do make encouraging a massive accumulation of Altcoins, sometimes not those that are highly correlated with Bitcoin but just picking their interest on some of these new filthy Altcoins due to generating a new pump giving them 100x of their investment, yet the certainty of making such profits may still be opposed by some certain criterias like the project not being successful or the Devs scamming the investors.
It is best we use our tongue to count our teeth whereas knowing where to invest our money and Bitcoin stands the highest chance of being the subject matters.
We ain't talking about cryptocurrencies and other altcoins here, shitcoins are mere pump and dumps as some investors seems to invest base on hype and FOMO and all that but however, lets not digress from our major discussion here as our interests should be focused on buying and hodling enough Bitcoin in our individual portfolio now that the price hasn't skyrocketed yet, the DCA is a profound way of accumulating at regular intervals as that has always been the bone of contention of our discussion here because the halving is quite approaching and afterwards the bull run begins so it would be so sad that as a bitcoin investor, you couldn't accumulate much bitcoin as a result of waiting for further dip which may not occur and at the end of the day you don't have reasonable amount of Bitcoins in your portfolio. Using ones tongue to can't the teeths would be meaningless if you don't buy now and hodl because so many persons actually talks about buying and holdling here but yet if you check their individual portfolios you will find out that they have little or no bitcoin in there. |
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