Thanks for sharing your experience, really appreciated.

Although we are all aware that borrowing money to gamble is too risky but there are times we break that simple rules. OP here is sharing the outcome of being irresponsible in gambling, yes, it's called being irresponsible as he would not be addicted and make bad decision if he was responsible. You know, there's a saying on responsible gambling, right?  Like... "gamble what you can afford to lose"... so borrowing showed he can't afford gambling anymore but still continue hoping he'll at least recover his losses, that's how dangerous addiction is.

All I can suggest to you OP is take it easy, it has already happen so you have to accept the consequences of your action, and hopefully you'll learn from your mistake although in a hard way.

You came at the right crypto/bitcoin forum. This is a big forum actually, you can learn a lot depending on your interest, so as long as you continue reading, sure in time you'll be fully knowledgeable about crypto in general. Not only on serious investment, we also have here like entertainment, you know if you are a risk taker, you would also love to gamble at the same time, but that's only a secondary purpose here if you'll consider that.

We are happy to see newbies appreciating the effort of the old members or the high rank members, as that would only tell that this forum serves its purpose to educate everyone who are willing to, and with people who are willing to share, they should be commended by the community as they are a big help for people to edcuate themselves about crypto, and on how to manage the risk of investment.

More investment options are better, reying solely on bitcoin is a bad idea, it's called a high risk investment for a reason, so its being irresponsible to put all your egges in one basket. Although personally bitcoin has been a huge help of my financial success that I'm enjoying currently, there's no such thing as forever in this world and we can't just bet solely on bitcoin, that's why i diversify my investment. Learn also to put money on real business while still investing on bitcoin just in case something will come up in the future that we aren't expecting, we still have another source of icnome to survive,

I'm not sure if the odds that were reported are still available, but I doubt we would get those odds considering how Wemby and Chet have played recently. It seems like the expectations have flipped because Chet has been doing well with his consistent contribution to the team. Everyone was probably thinking that Wemby would easily win the ROY, but his numbers don't align with our expectations. So, again, most bettors might lose their bets if they placed them before the season started.

It's not measured by the number of bets made but rather by the percentage of wins. Making more bets does not necessarily contribute to long-term success, as it is assumed that careful consideration may not have been given to each bet. In sports betting, the recipe for success is not quantity but quality.

meta is for "discussion about bitcoin forum", so I guess your concern does not belong here, but I'm sure off-topic would be always the right section to accomodate such concerns that aren't belong to popular sections or boards of the forum.

Why sell right away if the price is expected to break the current all-time high? We hold Bitcoin with the anticipation of significant returns, so selling when the market is already bullish is not advisable. We aim for a more substantial price pump, akin to what occurred in the past during the bull run. Selling prematurely could result in missed opportunities.

Currently, it's evident that the market is bullish, with Bitcoin hovering around $30ish and potentially breaking $40k soon. Patience is crucial, especially for those who have held their Bitcoin through the deep correction after the 2021 bull run.

The all-time high is around $65k. If we adopt a conservative investment approach, selling at least at $100k per 1 BTC would be a prudent strategy.

I guess that's it; it's confirmed that it was hacked. I understand the feeling, mate. 11 BTC is a significant amount, especially considering the current price. Unfortunately, there's nothing you can do since Bitcoin transactions are irreversible. You just have to learn from the mistake and move on.

I hope you won't blame your wife or anyone if it was lost due to an unintentional mistake. It's not the end of the world. As long as we are alive and in the crypto space, there's still a chance to regain that amount. However, next time, let's be wiser and avoid making the same mistake.

Perhaps consider setting up a dedicated PC for your wallet to prevent compromise in case new applications are installed.

However, that doesn't mean we cannot improve ourselves. Making mistakes is inevitable, but it's crucial that we learn from them. If we persist in repeating the same errors, it becomes evident that gambling may not be suitable for us, potentially leading to detrimental consequences in our lives. The pursuit of profit in gambling leaves no space for emotionally weak gamblers; it is reserved for individuals with the skills to excel and the discipline to prevent emotional control over their decisions.

When you stash your money in the bank through deposits, the interest it earns is typically meager. When you factor in the inflation rate for the year, you might end up with a slim profit, or worse, none at all if inflation outpaces the bank's interest. The catch is, the interest is fixed, while the inflation rate remains unpredictably variable. So, don't view what you park in the bank as an investment; it's more like a stash you want to keep safe.

Now, about houses – yeah, they don't usually appreciate in value because, generally, they depreciate. The real value boost comes from the land they're on. So, if you're diving into the real estate game, consider the location. A great spot increases the chances of the land gaining value over time.

And as for Bitcoin, if Robert is saying he won't invest in it because he's not interested, maybe that's his way of slyly steering folks away so he can hoard it for himself. Now that he's done amassing, he'll start hyping it up to drive demand and, in turn, boost its value. Basic science. 

They're going after Binance, and sure, Binance isn't all squeaky clean, but the fact that they're operating in the U.S. might be a major reason why regulators want to cut down on their big market control.

The upside is Binance is willing to cough up the settlement money, so they can keep on doing business. It might dent their finances a bit, so their grip on the market might ease up. I reckon the regulators are getting what they want, but folks sticking with Binance as their go-to exchange will probably keep it going strong in the long haul.

I might think about getting these kinds of insurance once my business hits a more stable stride and grows. At the moment, it's in the early stages, we're renting space, and our employee count is still modest. The future looks a bit uncertain. When it comes to insurance, I understand it's there to safeguard the business, but I've got to align it carefully with my budgeted expenses. Allocating funds for premiums is automatic, and I need to make sure it fits into the financial picture.

Real property insurance isn't on the table for me right now, like I said, I'm just taking it easy for the time being.

Insurance is crucial, no doubt, but it's also smart to stash some cash for those unpredictable times. Plus, spreading your business across different areas is key to cutting down on risks. You can't just stick to one thing forever; it's better to explore possibilities and have a backup plan in case things get tough.

Personally, I haven't gotten insurance for my business yet, but I'm thinking about it. Right now, my main goal is to save up so I can kickstart another business in a completely different field from what I'm doing now. Gotta keep those options open as we never know.

Absolutely, many academically successful individuals tend to prioritize building their careers, often seeking positions in large companies for job security.

However, the reality is that financial success often involves more than just working; it requires venturing into business where your money can work for you. But these people having their academic success, many of them are afraid in taking risks, a crucial element in running a business, so if they are afraid, they won't be able to achieve financial success.

Of course I'm referring my opinion to skilled based gambling. Knowing that we don't have a chance on other games where it's purely based on luck, there's no reason for discussion here, so I think we should recommend OP to play skilled based gambling, master it and maybe one day he'll be able to consistent make money in gambling.

The question is quite in general form, which is "Has anyone been able to make steady income with gambling ? ",,. Poker, chess, and sports betting, these are games that we could gamble, so it's part of gambling, and if we believe it's possible to have a steady income, the answer to OP's question is yes.

Duarte is ranked at number 9 in the WBO Lightweight division. This alone indicates that he may not be considered a top-tier boxer just yet. However, what likely impresses fans is his impressive boxing record. Currently, he has 26 wins, with an impressive 21 of those coming from knockouts. Also, let us not forget that he remains undefeated as well.

Check his record https://boxrec.com/en/box-pro/671857

That's what they say, and it's genuinely good advice. But what if you possess the skills to be a winner? Wouldn't you seize the opportunity to generate a consistent income through gambling? I believe it's worth exploring this topic rather than just offering advice on how to have fun and stay disciplined to avoid addiction in gambling.

When it comes to the question of "how to make a steady income," only those who believe it's feasible to earn money through gambling can share their opinions.

Why focus solely on the overall BTC price? If we're keen on investing, we should adhere to fundamental investment principles, much like with traditional fiat investments. It's crucial to only invest what we can comfortably afford to lose. Instead of fixating on the present price, it's wiser to assess its potential for growth. If you believe the current price could increase by x100, then make that your investment goal. For instance, if your affordable investment is $10,000, set your target at a future holding value of $1,000,000. Remember, it doesn't have to be precisely 1 BTC; you can invest gradually to reach your goal.

I have my doubts; there was a negotiation, and they won't agree if they don't have enough funds to cover those penalties. Once Binance manages to overcome this issue, it's unlikely to recur, and that could positively impact their reputation, showcasing their ability to navigate challenges.

CZ is required to pay $50 million, but he should be able to afford it, considering his reported net worth of $12 billion.
https://fortune.com/crypto/2023/10/27/changpeng-cz-zhao-net-worth-drops-11-billion-dollars-binance/

This is good news for me because, despite their violation, Binance is still operational.

I'm referring to taxes in general. The basic idea behind taxation is that we're supposed to pay taxes on our earnings, regardless of how we make that money. Just by paying the right taxes, we show that we're honest and willing to give back to the community through the government. If we need to pay taxes on our gambling winnings, we should go along with it because it's for a good cause. However, winning itself is no walk in the park, whereas giving back to the community is as simple as one, two, three if you have a kind heart.