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One key advice, never gamble for "making money" or as a source of income to pay your bills. You should gamble for fun. Think of the losses as a "payment" for the entertainment and the profits as a "rewards" that you can use to play more. Never run after the losses. That will only cause you to lose more. And oh, remember, in the long run, it's the house that will always in. Plus, gamble only if you can afford to gamble. Think of gambling as a luxury that you can live without. If you do start gambling, and feel like you are doing it too much and can't stop, you should start talking to someone about it. But remember, precaution is better than cure.
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I think it's a bit of a stretch to say that AI will end all work, at least for now. Maybe after few decades, but yeah not anytime soon. Sure, AI's advanncing fast, but there's a ton of stuff that AI cannot replicate. We all know AI lacks natural empathy and intuition. Also AI's aren't as creative as we think they are right now. We're still gonna need people for loads of jobs, especially those requires "humans". And think about it, how much we have moved forward and the big leaps like different revolution in the fields of industry – yet it didn't "put an end to work"; it just changed how people work and in fact it created even more jobs/work. The same could happen when AI takes over, freeing us up from tasks that are repetitive, boring and risky while letting us focus on something more.
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It does have an impact of peoples gambling habit. When BTC prices starts to go up, people that have been holding the coins in their wallet starts to make "profit". They have got more value in their wallets without even doing anything. So yeah, it kinda tempts people to gamble more because they feel "richer" than they were before the price went up. But here's the thing, they end up betting less BTC because each coin is worth way more in fiat currency than it was before. More like, high BTC price = less coins on the table, but the actual fiat value we're playing with? That goes up.
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Sorry to hear about the tough times that you had. iT happens to everyone at least once in their lifetime. People do make mistakes when they forget about the "reality". But it's great that you're looking to change yourself and turn things around in your life. Its always a good thing to realize and accept your mistakes. You know about your financial situations much better than us. So it is you who should take those decisions but I can suggest you some "normal" stuffs. You should start budgetting. Set aside money for things you must need like rent, food, and savings. Anything left can be your 'fun money' that you can use to enjoy. Remember, savings first and then comes the fun money. Don't forget about the emergency funds too. They aren't the same as savings. About the impulse buying, always ask yourself if you really needed it and what you could do with that money instead of buying something that you wouldn't need.
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Looks like you are here trying to promote a "meme coin". These is the reason why meme coins trend. People force and shill as much as they can to make meme coins trendy. They say stuffs like you are saying here that only people that are dumb enough to fall for it. Every meme coins claims that they are different and not the same like other meme coins and they have a purpose. But we all know its not true. Also it is only those that have invested in meme coins are ones that they to create a hype train so other invest in it while they can dump their profit and leave.
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Good day crypto Famz, I will like to ask gamblers this question, is there any gamblers on here that keeps record of their wins and losses? Do you keep a record of all the pennies you use to gamble and also the result?
Someone whom we both have this discuss yesterday said this is a good practice, I still don't see a reason why because I don't keep record of my losses, I tend to only remember when I win a certain amount, if its good enough you won't easily forget, but apart from this I don't care.
So Famz, is there any benefits when one keeps record on their losses and wins? Is there any thing to gain when you write down all the money you spent in gambling and also how much you have made so far?
Not keeping records, does this make me a bad gambler?
If it is something that you don't do regularly, like once in a few months, then I don't think you have to keep records of anything as long as you haven't gambled heavily. But another reason to keep records of your profit is because of the taxes. If you win big, you must report it and pay your taxes on what you have won. And also if you are a regular gambler, then yes, it is best to keep records for your own good. It will help you organize financial costs/aspects more easily. It will also help you know if you are spending over the limit or not and if you should stop soon. |
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Let's discuss the unique challenges of responsible gambling in the world of cryptocurrencies.
Crypto gambling can be fun, but it's important to keep our financial boundaries intact.
Share your tips and thoughts on staying responsible in this digital realm.
One of the best way is to gamble responsibly is by gambling just for fun. You should never gamble for fun. You should always think of it like you are paying for entertainment and playing games. The "profit" that you receive are just some random "optional" reward that will let you play more. The "losses" are the payment you make for enjoying the games. Its like going to Disney Land and paying money to enjoy the day. Never think of gambling as a form of making some quick money. Also limit how much you will be spending when you gamble. And whenever you feel like you are getting addicted, talk to someone close about it. |
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One of the solutions which is recommended by most gamblers on this forum for gambling addiction is "Therapy" . Professional help in the form of therapy. It is good and very effective but how many persons can actually afford it? There is a fee for each session that lasts for a duration of 60minutes. And there are more than one session. Therapy for gambling addiction is expensive. How can those who are unemployed afford it? How about the college student? Or the person receiving minimum wage. What are the other low cost but very effective solutions to gambling addiction. And typically how long will it take before the addict starts to feel more in control and less withdrawal symptoms?
Will totally appreciate your responses. Thanks.
The amount of money that you will spend on those "60 minutes" sessions is way less than what you will be spending when you become an addict. You would be doing things that you would never have thought you would do. So it is totally worth getting the help of the professionals. Those who can't afford it, can try asking help from their close friends or families that cares about them. You are addicted to online gambling, then maybe keep yourself away from the internet for more than a month. Or if you do need the internet, use it under supervision of your families. Everything is possible if you try. All you need is the will to try fix yourself. |
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We have to imagine some life mystery as we are living, have you asked yourself of investment profit and investment loss. The mystery is behind the both when it occurs. Right now I'm thinking to myself of my investment and if only investment i have is bitcoin, and when I'm no more who will manage my bitcoin investment and how will my family know about my bitcoin investment, when I was ill, I was asking myself series of questions in my mind.
> should I show my family my seed phrase ?
> If I die who will take over my bitcoin since nobody knows my seed phrase?
So I'm asking if it will be good to show any of your family person your seed phrase or should we keep having the secret of your seed phrase personal.
The only way to share your bitcoin is through trusting one of your family members with the private keys. There are also other ways to let others inherit your coins once you pass away. You could store your coins in different bank lockers/vaults. Write down the private keys in different parts and store in different lockers. The lockers aren't expensive. Like $50 a year or so. Spending $150 a year is totally worth it in my opinion. Once you die, your nominees will be able to access the bank lockers and inherit your coins. -sinp-
> If I die who will take over my bitcoin since nobody knows my seed phrase?
If you die and no one knows your seed phrase, then no one will be able to take over your bitcoin. Unless someone some how manages to find/access your wallet, the coins are considered lost forever. |
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Many newbie and crypto enthusiastic think trading is easy until they lose on the first day, 1 week,1month, 1year and they finally quit.
There are common mistakes they usually makes which are,
_ Not planing there trades: there is a popular saying that he who fail too plan, plan to fail.
Before entering a trade, an entry point and exit point must be spotted if you want to succeed.
_ Don't make emotional driven decisions: Emotions like fear and greed can cloud our sense of reasoning and leads to impulsive action, just stay calm and stick to your plan.
_ Not managing risk properly: this protect your capital, by using stop loss other, It minimize potential losses.
_ Not doing enough research: knowledge is key in trading , knowing the craft is very important, take your time to study the market, analyse chart pattern, and stay updated to news that can impact your trade.
Remember trading requires not just strategy, but discipline
I do agree some of the points, but: 1. No matter how much you plan the "entry" and "exit" points, the market is very volatile. Hence, you might end up missing the "exit" point, or you will end up waiting for the entry point forever. It's easier sad than done. 2. You can't remove emotions. Emotion is something very "natural". All you can do is control it. 3. Yeah, I agree with this one. There are lots of people that does no research about the market. They don't even bother to learn anything. All they think is that they will buy low and sell high. In the end, what happens is that they make mistakes, lose their money and then start blaming the whole crypto market and the community for their losses. |
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Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.
What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip
When I first read your title, I thought you meant flip trading, where you buy low and sell it quickly in a short period of time as soon as the price is higher instead of holding it for long term. But it looks like you are talking about games like coin flipping. Then in this case, the bigger gambling is flipping a coin. It totally depends on your luck and requires no skill. You have no control over your profit/loss. On other hand, flipping requires you to understand the market and some skills to execute the trades properly. Both has risks associated, but the risks with trading is much lesser than that of gambling with a coin. |
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I have seen a few pieces of content online that are saying Stake, Fortune Jack, Casino Gap and few others are VPN-friendly.
Are users on here agreeing on these few mentioned online casino? I am asking this because I believe those who still use VPN on these casinos are not safe.
Because using a VPN is not openly acceptable by these online casinos, there is no where it's written on their website, I know readers might feel like, why would they wrote such on their website when the law isn't permitting such?
Well, what will stop them from using this against you too as a gambler? Bypassing restrictions is not the problem, but it was never allowed officially, meaning you should accept whatever will be thrown in your face.
What do you think?
Sure you can play in those casinos with a VPN, but once they ask you to perform KYC, you won't be able to pass the verification and you will end up with your balance frozen in that account. And if you read the terms, you will see that they prohibit users from using KYC. Even if they don't say it explicitly, they do mention that if you find ways to go around restrictions, they have the right to freeze and confiscate your funds. And then look at the scam accusation section on this forum. You will see lots of users not being able to withdraw funds just because they couldn't complete their KYC. They all had the same question "Why were we allowed to deposit (with VPN), but not withdraw"?. |
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To be honest, it is not for everyone. I mean, while Bitcoin and other cryptocurrencies offer an open decentralized financial system that anyone can use without asking for "other peoples permission", it doesn't necessarily mean it's the right investment for everyone. Bitcoin's value can be incredibly volatile, and as with any investment, there's no guaranteed return. Hence, it's best to approach it with caution. Don't forget the saying you often here in this forum, "Only invest what you can afford to lose". For someone living paycheck to paycheck, or without an emergency fund, putting their money into Bitcoin might be a risky move. Even though Bitcoin is for everyone to use as a means of transaction, as an investment, it requires careful consideration, research, and understanding of one's financial situation and risk tolerance.
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I've heard of stories like this before. Winning a significant amount of money can change dynamics in ones relationships, and perhaps those "close" friends started eyeing his wealth. They might've begun expecting handouts or treating them differently. Yeah he did win big, but it doesn't mean he's obligated to share his winnings with anyone, not even close friends. Or maybe, his distancing could stem from a newfound sense of superiority or wanting to mix with a "richer" crowd. If that's the case, then it's a good thing for the other two. It's always good to see people's true colors sooner rather than later.
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Former European central bank President once said bitcoin is not real, he also said he is against bitcoin, so many people saying there own opinion towards bitcoin. But have you ever thought why?, from my own point of view - Bitcoin and cryptocurrency are banned in most countries, China, Russia and many more. Because the government is afraid of bitcoin
- knowing that bitcoin is a decentralize currency, the government cannot control and monitor your funds.
- As bitcoin continues to grow most people continue to adopt bitcoin as there currency, the increase population of bitcoin has become global, business owners, traders, now use bitcoin so the government is scared of loosing there value of money. The more people use bitcoin in saving there money the more the government loose control of there currency.
- they see bitcoin and other cryptocurrency as not trustworthy, as the value changes.
Conclusion: Countries ban bitcoin for different reasons, some, the government (president) didn't even know anything about crypto but the financial advisers gave the wrong information or they advise the government wrongly on cryptocurrency. If the financial advisers gave the right information on cryptocurrency many countries would have adopted bitcoin in their countries. Some of them were trying to prevent their citizens from internet fraudstars and scammers probably because of the previous experienced in the country. 1. Bitcoin isn't banned in "most" countries like you think. China and Russia isn't the "whole" world. 2. They are already doing it through different laws and by forcing crypto financial services to do KYC on their customers. 3. Not true. Most people are still using fiat currency. Even those "business" that accept bitcoin, later ends up converting their coin to fiat currency. They need to pay the bills too after all. 4. Not trustworthy because the value changes? Are the price of precious metals stable? Nope. And the government trusts them too. Few governments that placed a ban on using crypto currencies is because they don't know how crypto currencies work. They don't have proper framework. People might be able to abuse this and launder money at will and ease. |
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Government and their fear for Bitcoin!
Bitcoin as a decentralized digital currency that operate without a financial system or without being controlled by the government is really creating panick and fear in most government officials.
-snip-
Is it really creating "fear" and "panic" in most of the government officials? I doubt. -snip-
The government just want to be in charge of everything, from monitoring your transaction to knowing how much people are worth financially, but Bitcoin is becoming too powerful for them too handle, which to me is understandable, but to them it's a ugly reality.
Financial power and control is returning back to the people, which is a welcome development.
-snip
They still track what you are doing with bitcoin. I am sure you have used some sort of crypto currency services that asks for KYC. Also, you do need to report voluntarily any transactions related to crypto currencies in most of the country or you end up breaking the law.. -snip-
The sweet reality is that Bitcoin is here too stay, if they ban Bitcoin the mass will rise up against them, so they are just looking for a way to contain the influence of Bitcoin and discredit it.
To me Bitcoin is one of the best thing that has ever happened to finance because everyone loves privacy.
One thing I love about Bitcoin is that when the haters voice grows louder and the value drop base on their policies, just to attack it, Bitcoin still fight it way back up,
Please the government need to know this, they have already lost.
All the bitcoineers cheers
There more than few countries that have banned bitcoin and we haven't seen any "mass rise up" against the government. The government isn't looking to contain the influencce of bitcoin nor discredit it. They are just trying to create laws and framework where they can indirectly control the whole market and people are obeying the laws. So the government is winning here. Not us. |
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I have noticed something about some people in this forum...
Why is it that everytime a newbie shows his or her interest in trading Bitcoin, some people will always try to discourage the newbie? You see them saying things like “Bitcoin trading is not for newbies”
None of us here was born a professional trader, fact is that we all had to start from somewhere. We were all once a newbie, until we started learning and putting in the work.
So when you see a newbie ask for advice on how to start up on their journey in Bitcoin trading, don't try to discourage them, rather give them the advice on how they can start, and also let them be aware of the risks and how to avoid it. If we must grow the community, then we have to learn to encourage everyone to get along, and not try to discourage them.
.
Thanks.
That's weird. I have seen most people here encourage others to buy bitcoin. Even new newbies. Yes, they do warn them not to start trading right away, and I do agree with them. They should know the market first and learn about it. And then slowly start trading. There are newbies that went all in with whatever they had, traded, did something wrong and lost a lot of money that they couldn't afford to lose. The end result was them blaming crypto currencies for everything. And yes, I have seen most of the people here give them suggestions and how to start. |
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Online or offline, the best measure is to always know your limit. If you do end up getting addicted, the first thing you should do is acknowledge that you have gambling issues and addicted to it. Once you realize and admit it, it becomes easier to get help. You need to talk to people that are close to you and care for you. And then you need to get professional help. The only possible measure to stop online gambling addiction is to be aware of the negative effects it might have in your life. You shouldn't be lingering around gambling sites for long. If you feel like those advertisements or promotions that pop up when surfing the internet makes you want to gamble, then use some sort of adblockers to get rid of those advertisements.
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Early retirement does give people the ever wanted freedom to enjoy their time, dive into hobbies, or even travel extensively or do anything that they always wanted to do. Plus, without the daily boring sleep - work - eat - sleep routine, many find they're healthier and less stressed. One gets to start a "new" life after their retirement. Now imagine all these early in your life. Who wouldn't want that? And I don't think there are any cons in early retirement. You might hear about early retirees getting bored, but with passions or hobbies to focus on, that's hardly an issue. I do agree that staying mentally and physically active is crucial, but if well-planned, early retirement can be more of a fresh start than an end.
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Hello everyone,
I would like to hear your feedback on the following.
This will be like a raffle or lottery, but with a twist. It will be based on smart contracts. The contract works like a traditional lottery. You buy a ticket to participate, and if you're lucky, you win a share of the pot. The ticket price could be set, for example $10 worth of coins. The lottery runs in rounds, each lasting 10 minutes. At the end of each round, the pot is distributed among a random number of winners. The contract is designed to be fair and transparent. The random number generation is based on blockchain data, so it's impossible to predict or manipulate. There are also some safety measures in place. The contract owner can add funds to the pot, but they can't withdraw them. This is to prevent any potential scams or misuse of funds.
Let's say in 10 minutes, a 100 people buy tickets, $10, pot is $1000.
Then we select random winners, like 36 person.
Instead of distributing 1000/36, we will distribute randomly as well.
Any thoughts? Is there any similar projects out there?
This doesn't sound like a "unique" project. I am sure there are lots of such smart contract "lottery" out there. There are even blockchain based decentralized casinos, but they never were popular. There are reasons though. Why would someone want to play in such a casino when there are already lots of well known casino that offers lottery? I doubt any casino would rig or cheat in lottery games. There are even third party services that does the lotto draw so everything remains fair and the owners won't be able to "preselect" winners. You can even verify those lottery draws. The smart contract based lottery does sound interesting, but does it offer or solve something that current casinos can't? |
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