|
Casinos have an edge over gamblers. Considering who wins more, the casino do there are great proportion of losses as to the wins. As you rightly used the word "Recycling" which is true it just explains the money movement from one gambler to another.
But we have seen, casino bankrupt too. So it is vice versa but in essence the casino always will.
|
|
|
|
|
Naturally we are bound to make mistakes, of which we often times we learn from and as well take corrections from both the younger and older ones. This forum too, have helped shape my approach to matters, Great men learn from positive criticism and are never ashamed or too big to take corrections.
Even in our different careers, we learn from mistakes too, and make approach to curb them.
It the mistake,loss, failure that directs and leads to positive results. Don't let them hold you back, learn from it.
|
|
|
|
Investing a decent amount is also another way to say invest with an amount you can afford to lose. Even if one is responsible or irresponsible, he/she should know that it's very important to invest with an amount that they can always afford to risk. Everyone has an amount that they can afford to lose, but most people don't know.
I don't know if I'm getting you right but why do i feel that your perception on Bitcoin investment is for trading because when you advised him to use the only money he can afford to lose, perhaps indirectly you are saying that there is a higher chance for him to lose his money Bitcoin or in other words referring to gambling investment, however in as much as nothing is guaranteed when it comes to investment but with Bitcoin success is certain if you are ready to hold, so actually the risk you are talking about should be actually dependent on the kind of investment you are talking about because if your pattern is for a long term holding I wouldn't use the word risk because it seems that you don't really understand or know the potential of Bitcoin you are investing on. Anything that pertains to investing requires money which you can afford to lose (as commonly used), it is never a story of it being trading or gambling. You cannot be too excited or let optimistism kill you not to understand the fact that, there is possibilities of loss while investing be it in Bitcoin market or any. We all understand the value of Bitcoin but that does not mean we should adhere to aome guidelines and thus invest everything wether it gonna yield or not. Every Investment we have ever made has risk, I don't get were you are having such assumption from; This is a simple stuff that you should understand before now, no need to overstressed it. Let us be optimistic, same time never undermine any possibility in a financial market. |
|
|
|
I was expecting you to outline people invest in Bitcoin because of how valuable it can be and an asset worth also like Gold of which is the best place to make our money work for us.
we assume that investing in Bitcoin during this time is much better in preserving your assets, interacting with Bitcoin investors should make them able to understand Bitcoin and Investment in it, and honestly nothing is too late for those who still want to get into Bitcoin even in the current circumstances. very good value. I don't agree with you; anybody who says this period is the best time to invest in bitcoin was doubting bitcoin and refused to invest in bitcoin when he had the chance to accumulate bitcoin at a low price, but he didn't. The best time to accumulate bitcoin is in the bear market because you will accumulate a reasonable amount of bitcoin with less money, but anyone who fails to accumulate bitcoin in the bear market can do so when bitcoin is at its peak since bitcoin is a long-term investment. I agree with you, Mate. Well said, I do not look in terms of when to purchase (time), I just move according to my plan, if we wanna look like the best season it would always be a beer market, buy low --- sell high, of which then there is much more money to accumulate since price is low compared to bull run now. In essence, let's ensure we accumulate and invest as we can. |
|
|
|
|
As you rightly said, OP. Trading is both a full time and part term job depending on the individual. Some persons leave and fend off from Trading only while others Trade along side there jobs/business..
My take is, Traders are self employed of which you trade when you want to, and all activities are subjective to your demand.
Even as a Trader you can still have side hustle or work to keep you up in financing especially if you ain't profitable yet, nevertheless it depends on how you wanna build your financial wall.
|
|
|
|
|
Firstly, I do not buy the idea of Trading Bitcoin (like a mere coin). Only you can conclude on this, you ascertain how far and well he is in terms of Money from your years of being friends and how trustworthy he is, the truth is money is involved and also issues always arise when it time to share quotas.
Literally, I would advise you learn yourself or better still ask your friend whom I think is good before you thought of entrusting your money to him for lectures.
|
|
|
|
To answer your question, I will say that this is a matter of faith. This means that it is impossible to determine whether it is true or not. It depends on whether a person believes in it or not. This cannot be proven or disproved. You can talk a lot about who is behind this - demons, vampires or Santa Claus. This cannot be proven; it all depends on your attitude towards it. I believe that God revealed to us what we need to know, He hid the rest from us.
I am deeply convinced that behind many bad things it is not demons, but human stupidity.
I think it's demons because Christianity said God banished many angels that was taking the side of Lucifer when he chased them away from heaven if we are believing the stories in the bible. Superstitious are real in gambling and sports, some players have their own superstitious that they believe in and it works for them. Christiano Ronaldo said he does not like touching trophy before playing in the competition and it works for him because he has won many trophies while others in spite of if they touch or kissed the trophy they still can win it. Messi in the 2022 world cup touched and kissed the world cup trophy before playing in the competition and he still won it but Ronaldo that did not do that still did not win it therefore it can work for some people while it would not work for others. Gambling is mostly about luck therefore superstition can be used when gambling and you win. You should back your point with proof or link, about Messi and Ronaldo touching Cup or not. And i disagree Messi kissing the world cup before match, that's a lie. It cannot happen, only few are selected to touch the world cup after a win not before it. Superstitious believe are relevant to those who believe in such, for me it's nonsense. Beliefs are what one uphold to be true within his own judgement, God himself gave us freedom and choice that's why we can do anything at all. |
|
|
|
So at this point I decided to bring it here to know or see different views from different intellects here on why do some people hide just to gamble or if it is the best way to gamble ?.
Do you often find them hiding in that place while gambling, if so, maybe they do this so that their family doesn't get caught gambling, but if they only occasionally gamble in that place, it could be that they are not actually hiding to gamble, but because they They didn't know what to do when they were hanging out with their friends, so they spontaneously decided to gamble at that place and have fun while telling long stories with their friends. I have seen them severally and on different occasions and i have also asked people around too to know their views about the gamblers and everyone repeatedly said that they often hide at that particular spot all the time to gamble and that was what triggered my move to actually ascertain why they are always hiding, only to find out that their hiding skills emerge as a means to keep away from people while they gambling. I believe also that hiding to gamble is also a measure to drag attention because people will always try every possible means to know why you are in a hidden place and what you are doing there at the odds hours and the reasons behind your hideout, so i suggest that disguising to gamble is not the best option because it makes people see you in different ways and invariably might call you different sorts of names. Well, I do not buy the idea or see reason why someone will hide to gamble, from your explanation seems they are kid of which I believe won't have the audacity to show that they are gambling because of fear and possible punishment from there parents and some elderly ones. They know rightly that they are doing the wrong thing which I would say we judge from the "reason behind them gambling" and thus stop them from such act at an early age. Everyone have there different view or reasons why they choose to gamble in hiding or keep it private, it subjective to there decision as though, majority care about public opinion too. |
|
|
|
You are right that many a people can play full time even almost all the time out of their sleeping time. But those people who act like this can't prosper in life and can't make money from gambling. Only those people can make money from gambling who gamble in their free time with a fresh mind and controlling emotions.
People can playing gambling full time but they must thinks about their daily activities because people can't just playing gambling without doing other things. If they use gambling as their priority, their lives will becomes unbalances and will becomes ruins and they will lose their family. So stops gambling is the best choice for them to balance their lives and gambling is only one thing that gives fun to them. They also have the other things that can gives fun to them and the best is they don't have to spends much money like they use their money to playing gambling. People must thinks about himself and not just to thinks about gambling because we lived is not just for playing gambling. Many activities that we should do, especially for our family. In all, I would advise we do not allocate more time to gambling than other necessary activities in our Life. This puzzle cam be solved as far as we understand Time Management and arrange stuffs I order of priority, of which through this gambling can be done during leisure time, (during free time when not busy at all). It is subjective to every individual but spend less time gambling while other stuffs lie around. |
|
|
|
|
True, not only football,star players, entertainment stars, in Religious organization (especially among pastors), this is just a matter of who I love and fan because of interest and probably other reasons. And of course everyone would wanna prove and would not like others talking down or feel empowered over them in terms of interest,choices which often leads to issues we see, but what amazes me is the chemistry involved in this.
Literally you stand to gain nothing but yet, put much pressure.
|
|
|
|
I would like to ask everyone here who is into sports betting for some advice. I've come to realize that maybe I should start fading myself. I've noticed that my recent gambling journey hasn't been profitable, so I'm thinking maybe I'm missing something. I tried an experiment by just recording my picks and then betting the opposite of my analysis. Surprisingly, this resulted in profitable betting.
So how about you? Have you ever thought of this idea when your picks aren't hitting? I mean, if we keep following how we think and feel with our picks and it doesn't translate to profit, there's no reason to continue following the same strategy. But are we comfortable with betting against our own picks just for the sake of fading ourselves strategy?
- I just noticed what you said, Op. What do you mean by betting on the opposite of your analysis? Is this what you think will win but you will actually lose, and what you think will lose but your bet will be correct? Is this what you mean? Because it appears from the experiment you did that you challenged that with your own strategy that you use when you play gambling in the crypto gambling business, it seems like that's what you want to convey. Yeah, what he believes gonna be the winner from his analysis then he bets on it for Lossing just opposite of what he analysize. And vice versa, this method remind me of old school days were we choose opposite of what we think is the right answer and end up getting it correctly. For me OP, is tryna finding an edge of which I believe he has gotten. The truth is, OP should leverage on that if it works and probably adapt it because and sort out means to improve more . It happens most at times, we need to man up and get rid of emotion, huge expectancy as gamblers. |
|
|
|
Even though you can't socialize, anyone can enjoy online casinos because now there are many choices of platforms that provide this and everyone just needs to make a choice for them to try. And I think that with the existence of more services from various platforms for casinos, it won't be a problem if someone doesn't try land-based casinos manually like your uncle did. Because now almost everything can be accessed via a smartphone that has an internet network.
There are risk with landed casino and they are old, just because someone is only gambling through online casino should not mean they are only doing that because of profits. There are many ways to gamble online and still socialize too. We have online community that connects gamblers together and they can discuss with each other and have physical meetings too. Some people are only gambling online because of boredom or as an hobby, they do it because they want to pass time and not only because they want to make money. Online casino to me is more fun than land based casino. Land based casino has limitation but online casino has many games that you can play and if you do not like the current one that you are playing, you can switch to a different game and there are multiple choices to enjoy while in your room. Well said. The comparison is wrong, I believe most person are simply adapting to the digital world and nothing is wrong about that. Online casino help in terms of privacy, fun and also save you from exhaustion in landed casinos. And we cannot conclude that physical or online casino are for profit or fun, but it is a matter of individuality of which every individual will havw there own view because what I love might not be same with yours, just like me loving online casino might not be cool with you. |
|
|
|
|
As I have said in my previous comment, I would not advice anyone to gamble with there salary it is financially unwise. We can gamble from other funds, nevertheless everyone is entitled to there decision about what they choose and how they want to live there life.
This is matter of Money management, and money allocated to separate stuff/project needed of which if there is a surplus you can use them for gambling to replace beer or some unnecessary fun, but should be as low as possible, and should not replace any wants.
|
|
|
|
|
I won't conclude on this, there are many possibilities outside of your view, OP. People who condemn or throw shade are the wasters of energy because I see no need to leave what important and development needed in your life to look at some else.
Everyone is different with different decisions amd qualities, if you are against something and you consume what comes from such you are in support; Someone who eats a stolen product is a thief wether you are in support or not.
So if you are against something, hopefully you stand on it.
In terms of urgency as I said earlier we cannot conclude....
|
|
|
|
|
Both are disastrous, yeah. Gambling addiction out weighs Greediness, why? When one is addicted, he aims to use any means possible to satisfy his urge for gambling and often times addicted gamblers are the greedy ones because they never get satisfy with winnings them lookout for more wins,methods and just want to be in casinos. It affect them emotionally and financially which causes more harm than good. When it comes to greediness it a state were a gambler demands more win, which for me can be controlled and if use properly can edge us in gambling is part of every man.
I prefer to be greedy than Addicted, (new trend by OP,lol.)
|
|
|
|
Well, you have really explained a lot about it and I think you’re right There are different class of gambling and different class of human. Yes, there is some people that is extremely rich if they scramble and lose money, it doesn’t affect them they can go to the other hand, and fix them self back Without any desk stop and some don’t even have at all after everything and they will notice they have gambled away a lot
Wealthy gamblers have many sources of income. And if even a small portion of that income is used in gambling, even if there is a loss, it does not affect a rich gambler. The rich have the opportunity to recover losses in any way they want. But on the one hand poor people have limited sources of income where it is hard to meet their monthly expenses and if they lose more money in gambling then it will be difficult to live with their family. Poor gamblers are therefore less likely to take risks. If they take risks, if it goes beyond their limits, there is instability in their life management. Of course the rich can take more risks than the poor. Despite the possibility of profit from taking risks by the poor, they behave in a restricted manner. Well said. Yeah the rich have means of recovery than the poor gambler. And often time careless about losses that might be incurred in Gambling, my take when it comes to who should risk more is, nobody should risk more than he can afford to loss thus everyone gamble within your risk tolerance level, and not a matter of wealth. |
|
|
|
|
When it comes to Trading aside your own coverage, it a matter of security, lately more bots have been showing up on Telegram which are mostly scammers, i would greatly advise you work on your skill set and leave bots. But if you wanna use, it must be from a trusted person, company (exchanges).
Beware of scammers and there schemes, especially on Telegram (this is there headquarter).
|
|
|
|
|
Yeah, you're right OP. Before anyone think of any Investment decision the need for an in-flow of money is needed just to keep us in a place whereby we careless or worry about our investment holdings. Just like your Brother refuse to listen then because he was comfortable which lead to a bad end which isn't good either, now for him to invest it would a be quest to balance up his needs and as such affect his Bitcoin holdings.
In essence, OP is simply charging everyone to invest when we can, because nothing is certain than lavishing and not building our financial life.
|
|
|
|
One thing that I am in support with a long term investment on bitcoin and that I do tell people that wants to seek advice on how to buy bitcoin is that, let not invest in bitcoin only because of the profit that we will generate in long-term because if that is the reason why you are investing if bitcoin did not perform how they expected it, they will get disappointed and maybe they have invested a lot on bitcoin. Instead they should invest in bitcoin but the value of fiat depreciates and you should see bitcoin as a bank where you keep your life saving for a very long term. I know a lot of people that keep big amount of money on the bank, overtime this money will lose value campared to when they kept that money in the bank. But instead of bank, put this money into bitcoin, because bitcoin will maintain the value of the money overtime.
If I can remember the amount of stuffs last 10 years is far cheaper compared to this present time, and imagine that you kept $200k in the bank as of then till now, the worth of your $200k will be maybe $50k currently. But an investor who invested such amount in bitcoin would have made up to $1M by now. You see, it saves the value of the cash and the most interesting part is that it does not just become an hedge of inflation alone, bitcoin will see give you a bigger profit because the price of bitcoin increases overtime. This is why those people that don't have bitcoin and want to start investing should do that immediately they have the money to invest using the DCA method buying weekly or monthly regularly, and before you know it, your bitcoin portfolio will reach a reasonable size overtime.
Fait is getting inflated everyday and value keep track with higher amount, I won't suggest we keep or save in Bitcoin, it a very volatile asset of which we cannot be too optimistic of increasing value rather we invest a certain amount which we can afford to lose. You can expect someone to save in Bitcoin, the money that would have been used for daily needs and other projects, what about bear seasons or price corrections this cannot be overstressed we all are optimistic yeah but there should be limit, you can only do that when you have more than enough money at your disposable, if that's not the case it cannot be seen as Investment but financial illiteracy. I was expecting you to outline people invest in Bitcoin because of how valuable it can be and an asset worth also like Gold of which is the best place to make our money work for us. |
|
|
|
If they are looking for short term profit then they will be disappointed and you are I know that for us to see reasonable profit in bitcoin investment we must invest for the long term and not short term. That's why it's necessary for people coming into bitcoin investment to have the right orientation/mentality. They have to know on time if are coming into bitcoin investment as a trader or hodler.
When it comes to knowing when to use the other two strategies like buying the dip or lump sum, well I will say that the person who is making his first buy in bitcoin can use lump sum buy and follow it up subsequently with DCA, especially if he wants to own a certain level bitcoin in his possession. While knowing when to use the buy the dip strategy is simply when you see the level of dip you have already predetermined or set for yourself before any dip occurs in the market. This will make you not to lose focus or confused on when to enter the market if eventually dip happens. You know nobody has the entire knowledge of the market and when certain variables will play out, so it's important to always get prepared before the eventuality of any market situation. When preparation meet performance, good result is always birthed.
Those who have spend time in Bitcoin have consent that it's ideal to invest into Bitcoin for long term. But that's not the case with new comers, most of them came with mind that Bitcoin is about getting rich overnight and when that desire is not fulfilled they get disappointed. Regarding three techniques i.e. Lump Sum, Buy the dip and DCA, anyone with experience can adjust buy the dip and Lump Sum with DCA. If I am a new comer, I would prefer to go with small amount i.e. investing small amount every week or month. Once your confidence is developed you can go for Lump Sum with some increased capital. Both DCA and Lump Sum are good as long as you are confident about the technique you are adopting. Yeah I understand what you are saying, the truth is just that we all are created differently and so is our reasoning different from one another. Though for me why I said I would prefer my first to be a lump sum buy is because I would want to get a certain level of bitcoin in my possession and I have the money readily available at my disposal, if I say let me keep it with me to be buying on weekly basis I might tamper with the money. If the capital is used up on my first buy, I will now continue to add up as my salary keeps coming every weekend. You know when you have budgeted money for investment and the money is available, I don't see any reason to keep holding the money, it is best invested. The edge lump sum have over DCAing is, leveraging more Bitcoin at a go which helps in increasing the Bitcoin in possession. While we can choose any strategy of our choice I believe DCAing keeps one present and Discipline about his Bitcoin portfolio because most at times we ain't sure wether we use same money or more when we lump sum again, but DCAing keeps us up since we cannot afford to jeopardize our holdings. Though the truth is, Discipline and Consistency as we accumulate because without this the end goal is not certain. |
|
|
|
|
Show Posts
