I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
First of, I'm 100% against the notion that gamblers only gambling because they do not have enough or sufficient money to fend for their needs, no, that assertion is totally wrong. Yes the purpose of gambling is to make extra money, having extra money is different from having insufficient money. I mean who doesn't want what you already have being multiplied by 2X or 3X and so on, dos that mean you don't have enough to fend for your needs? Absolutely not. Different people have different reasons to why they gamble, yes some gamble because they don't have enough money and wish to multiply the little they have to be enough to fend for their immediate needs but that doesn't mean it applies to others or majority. You'll agree with me that there are people in the middle and lower class that gamble not for addiction or because of insufficiency but for other reasons too, maybe for fun or just for he extra cash so that assertion is totally wrong. While everyone has different reasons for gambling most gamblers except for responsible gamblers do not view gambling as a form of entertainment. It is not possible to make extra money gambling and those who consider the source of income will be more at risk. Greed works in them and they become addicted to bet later to earn more. The middle class and the lower class have much less money than the rich so they bet to get more money. Gamblers should remember this much before becoming addicted that it is difficult to make easy money from gambling. Luck is involved here and everything will be lost if it becomes too addictive. |
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It is true that only a few people are lucky enough to win at gambling and only a few people are able to control themselves when they win, because we have often seen that when someone has won at gambling they will go back to gambling with the aim of increasing their money again. However, what happened was that he lost the money he had because of his greed because he forced him to gamble again.
Of course, good self-control will help someone to minimize losing a lot of money and self-control will also make someone aware to be careful in every gambling activity so that in the future he can enjoy gambling without overdoing it and he is able to accept defeat if it occurs.
The gambler who had their luck in the specific day will do the gambling in the continuous way,but they had forgot the gambler luck will be changed to good luck.If the gambler wait for the longer period of time,their was huge chance to regain the same luck into the gambling game.The sports betting was need of the repeated knowledge to the game,because the gambler should updated to their own knowledge on the specific sports for the sports betting.So the winning chance of the gambler will be increased on the gambler betting in the same gambling site.The self control was essential one in the gambling to increase the deposit at the hard time. I agree and next to luck for gambling, knowledge is the most useful. Luck is not always the same in all places. Being greedy will never change the fate it will put you at risk. If you want to turn yourself into an asset you need to spend your time developing your knowledge and skills. As your knowledge and skills increase you will naturally move up in your field of work and will be able to control yourself with ease. Gambling opportunities will be created and it will be easy to control yourself as well as know its strategies. |
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It is really difficult to get positive news for the economy one problem after another. As long as inflation prevails in the economy there will be bad news like this I don't think we'll get GSP back very easily their relations with developing countries and the rate of aid and assistance to them will increase. Overall there will be a positive impact on our business trade investment and bilateral relations. Many people say that if we have relations with China we can take over their market. It would be better to improve ourselves to get rid of this economic impact if their financial ability is good it will be easy to get rid of the economic impact.
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women and men actually have the same rights, but here most women set up businesses because their initial goal is to help their husbands with finances. Success is a plus and good luck for women, but not all women impose their will as entrepreneurs/business people, if their finances are stable or can be said to be well established
Behind becoming an entrepreneur these are not things to be imposed depending on a person's own will. In many societies women are looked down upon so it is better for women to be established. Providing technical and financial facilities for women to become entrepreneurs benefits society more than their male counterparts. When a woman becomes a successful entrepreneur the family benefits in many ways such as the education of sons and daughters is covered nutritious food is ensured medical expenses of the family are covered and the elderly members of the family find a place to rely on. |
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Overspending has a huge impact on the economy and the country is likely to become poorer if inflation occurs. You have to spend more currency than before to buy the same amount of goods this means the price of goods will increase. All in all the value or purchasing power of that currency will decrease no matter how rich a person is if he spends more money than he needs he will gradually run out of money. Hence create a monthly budget for shopping without overspending don't spend even a single rupee beyond the fixed budget. In this way it is possible to rein in costs create a specific savings goal set aside in advance to save a certain salary goal and spend the rest. By doing this even if the economy is bad it will be easy to prevent your condition.
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Bitcoin holders or investors should not lose patience and wait until they are pumped into the market. It is not possible to tell clearly when the Bitcoin market will pump or when it will dump. But the next Bitcoin halving is supposed to be a Bitcoin bullrun in the year after. Those who are fundamentally good investors must never lose patience with investing in the market but must be patient to be the next bull run.
It is correct that investing in bitcoin will hold up if the person is tired then he will never be able to earn profit through investment. Crypto market is not fixed in one place and it always goes up and down so it is very difficult to understand its movement. Those who are good investors always wait for a long time even if the market goes down it does not affect them because they know all the market tricks and wait until the price goes up. It is important to set a clear profit target and consider many factors while choosing the right stop loss level. Bitcoin investment is sustainable and gives good profit in long term. |
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Something came out in my mind recently:
How would the price of Bitcoin change if there were no other cryptocurrency than Bitcoin?
Would Bitcoin develop faster without a competition?
Many people believe that if there is no alternative cryptocurrency, the price of Bitcoin will rise because it has no competition.
But, in my opinion, the price of Bitcoin is lower if it does not have a competition. Why? Because if there is no competition, the buyer's thinking is "should I buy this or not?" however if there is competition, the buyer's mind is "should I buy Bitcoin or these alts?"
As a result, not just Bitcoin but other altcoins will benefit. So, rather than being upset or sad because there is a competition, we can look at it in a positive way.
Nah.. Bitcoin has no competition. In fact, I see bitcoin has currency like saying USD and EUR have competition..other coins are for profit-making whereby we take advantage of it to make money just look at Pyth and how people are talking about it "The hype" and"The season" Bitcoin doesn't have competition ok but if there is competition bitcoin can't compete with it and rise above it. In a flat market bitcoin is on top of all currencies and more popular The value of other currencies increases depending on the price of Bitcoin. Altcoins are good to hold with bitcoin but will not rise to the top like Bitcoin. Bitcoin rises in value based on its demand and supply Investing in other coins for profit is very difficult to guarantee but most of the time they are scams. |
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I really didn't know you were the creator of bitcoin no one can say who is the exact founder of bitcoin. You can learn different things about bitcoin from forums it's not funny if you are the creator of bitcoin where have you been all this time? It is better to avoid them and not make yourself a laughing stock to others. Since the beginning of bitcoin Satoshi Nakamoto is considered as the inventor of bitcoin but no one knows anything about him where his family is when he was born no one knows. Many people believe that Satoshi Nakamoto is not a person's name but a group of people who worked together on cryptocurrency and started bitcoin. was doing research and this group later launched bitcoin and many other cryptocurrencies.
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To sue an exchange is the new china bans bitcoin?  Drama every month "china bans" when search in google ... This news is not impacted with 'bitcoin' don't worry...buddy  |
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It's really a practice of imaginary future investment with the future in mind be it in shares or any other long term savings scheme. If you want to buy your house or property in future without any loan then this investment will become your best friend. These long term investments will protect you even in old age everyone needs a bit of education on various financial topics starting from income tax. The sooner you learn about these investment vehicles the better. Investing in bitcoin is good for securing your future and helping you build wealth basically the more money you have the more ways you can use it.
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If one should have good knowledge and skills about bitcoin and it is better to invest with thought and time before investing then bitcoin is definitely a boon for all investors. Bull markets and bear markets must stay in one place regardless. To be a good investor you need to develop good habits if you wish to invest and wish not to invest this kind of attitude should be avoided as there is more risk involved here. A good investor never stays away from investing always wanders between investments it becomes very easy for them to make profit. Regardless of the market condition it is better to wait patiently until the actual profit is realized. The market is not fixed and always changes so it is better to hold for long term and wait.
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If you have plans to start a dream business that requires a capital of $20,000 and you were able to make a savings of $15,000 which obviously isn't enough to start up the business, what would be your decision or advice?
1. Invest the $15,000 into a smaller business hoping that the returns will yield the remaining $15,000 in a short period. Note that this has the potential of failing and wasting the already-saved $15,000.
2. Keep the $15,000 while doing other work that will yield the remaining money over a long period.
Would love to see your input or a better suggestion apart from the ones I pointed out above.
N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.
I will seek venture capital from investors or use crowd funding to fund my business and get a small business loan too. I think this will make my business dream come true. Or, If I had a dream to do a business that I am capable of and a perfect plan to do it, I would definitely go for it. I will take a business loan from a bank for $20,000. So I am going with option three, neither option one nor option two.In option one, I thought I could use my whole savings in my business, but first of all, it's not enough money, and in business, there are extra other needs involved, so we need that money for emergency use. And the second option is to make me wait, but we don't know what will happen in the future; the situation may not be favorable. Alternative ways are really good for taking business loans, try to do financial transactions through banks. If any loan is taken the loan amount should be maintained even expenses like phone bills need to be documented. In this way not only the accounting of the business is easy but also the quality of the business can be increased. Again the same business may have different budgets for different tasks everything can be accounted for. Then you don't have to calculate every time it can be understood at a glance whether the business is going towards income or expenses. |
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I don't use bitcoins for gambling because if I lose gambling and if I lose bitcoins because of losing I think more money will be deducted from my account than the amount I will lose gambling. I like to invest in Bitcoin but I don't like to sell or use my investment for any other purpose. Let's say I gambled and lost $100. At the time I gambled and lost $100, Bitcoin was worth $30,000. But after a few days, when the price of Bitcoin will go to 35 thousand dollars, if I calculate 100 dollars, then it will be seen that my loss is more than 100 rupees. This is how I think about Bitcoin, which is why I never gamble with Bitcoin, rather I prefer to gamble with virtual dollars. Since we have alternatives, we should always use alternatives.
I have never thought of it this way but if Bitcoin is viewed as a currency then when you gamble with Bitcoin or gamble with any of your other funds but both are your funds. It may also happen that if you invest the fund in bitcoins without gambling bitcoin, the bitcoins will not be lost. If I actually consider from your point of view, if you lose by gambling, then your funds that could have been invested in bitcoins, so Bitcoin will also loss if I consider this point. But in gambling it may happen that you gamble with bitcoins and win and your bitcoin amount increases several times. I mean basically anyone can play whatever they like but gambling with stable coins makes things a little easier for me. I think that bitcoin should not be gambled as gambling involves risk and holding bitcoin for long term investment can yield huge profits. Gambling involves capital risk and the expectation of future profits aim gambling is usually a short lived activity while bitcoin investment can be good here there is no fear of losing funds. There is no need to despair even if the price drops if you wait patiently the price of bitcoin will increase several times. Also gamblers have negative expected returns on average and in the long run. |
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Money can be intoxicating sometimes and only a few percentage of persons in the world actually know how to control the pressure and influence that comes with money control. I have had so many friends who were successful in hitting some significant profits in gambling but all end up squandering the fund in different things just because they have this perception that it's actually free money and should be spent anyhow.
It is very difficult to be able to control the money we have no matter how much we have if we can't use it properly of course the money will easily run out and we don't even know where the money is used, when someone wins a bet in the gambling we play of course they have to be able to controlling themselves, it would be better to take the winnings they have got and enjoy them, rather than looking for bigger wins and spending all the winnings they have got. Rightly said but there are many gamblers who don't know how to enjoy these wins. They think that once they win they will win more and then lose their control and get greedy. Gambling doesn't always win if you become addicted to betting no matter how much money you have it will end. Once greed works it impairs your judgement leading to unexpected losses so constantly making sure you don't waste money will allow you to improve because it gives you more time to play. If you can control yourself you can bet on a variety of markets with generally favorable odds. |
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Most of the casino sites have a reputation but before that I think the most important thing in betting sites is to check the previous performance of the casinos before betting. It can be impossible to win when you play on a rogue and unfair gambling site. But you can ensure your online safety by choosing a casino licensed by a well-respected gambling company. Also always check the game certification from the organizations to make sure the games are free and fair and most importantly make sure that the games on offer are prone to risky bets. And above all, prepare a gambling bankroll and bets using regulated and licensed online casinos. Many gamblers forget from the excitement of betting if you want to stay safe you need to be calmer and more conscious in making any decisions.
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There are children who are influenced to gamble by their parents and you can search it on Google, especially those kids who are living in the slums because there are no regulations there as long as you have money. Back then where I resided, they played billiards and were able to beat adults with their skills but some of them got bullied and stole their money from them. That's why environment and community matter whenever you want to save your children from such kind of scenario because even though you're not a gambler if almost everyone in the community is a gambler, there's a low chance to save your children from them.
This is the reality that those individuals who are far from their homes and parents are more likely to involved in bad activities as compared to those who are living in their homes. The major reason behind this is that parents have no access to them so they cannot observe their activities. Community of friends will show that what kind of person you are. So if your friends are not involved in gambling and other bad activities then they will also prevent your to do so. An innocent person change his behavior very quickly once he meet with community of friends therefore parents should check the environment of hostels and college friends so they can easily inspect the activity of their children. Children usually learn everything from their parents and also come in contact with friends after growing up so a good friend must suggest good things. Also if the environment is good then good environment makes people healthy easily. A hazardous environment is a threat to the existence of life. Just as humans are adapting the environment to suit their needs the balance of the environment is being damaged. When the environment is bad everyone indulges in gambling and the chances of addiction are high starting from young children, the youth become addicted. |
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I don’t know why a crypto gambling site will require KYC, but I’m guessing that it’s to check if the user is up to the proper age (I don’t have a stance on it, just thinking out loud). I have gambled on crypto gambling platforms but I have never submitted my KYC for such, at lease none that I remember. My heart skips a beat when any platform asks me for KYC because I tend to wonder what they want to do with so much information about me.
The main reason crypto gambling has gained popularity for its anonymity. But with the change of time, the government of every country has become active and made KYC mandatory since those who started using this platform to do financial irregularities. Now we all know about the advantages and disadvantages of KYC. But I think that if the feature that makes people interested to gamble on this crypto but if the main feature disappears then it has the potential to lose people's confidence. I think KYC should not be forced. If the gambler does not have any suspicious behavior or high volume of transactions, it is best to keep it anonymous. I agree with you if kyc is mandatory many casinos will lose their existence. Most of the gamblers prefer to keep their information secret for gambling online. Also gamblers don't like kyc because there are more chances of scamming through kyc. KYC is avoided for crypto exchanges and casinos because of privacy and data breach concerns since KYC exchanges collect and store sensitive personal information. |
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It's true that some elderly people may become more demanding or difficult as they age. This can be due to a number of factors, such as changes in health, cognitive decline, or social isolation. In the case of gambling, it's important to remember that it is an addictive behavior. Just like any other addiction, it can be very difficult for people to control their gambling once they've developed a problem. This is true for people of all ages, including elderly adults.
But I believe that those elderly experienced gamblers who associate gambling with entertainment and the thrill of potential winnings are people who have self-aware, caution and responsibility, because all those adrenaline turbulence in gambling wouldn't affect them.
Responsible gambling means being in control of all your gambling activities from protecting your funds to avoiding gambling addiction every detail is essential. Unfortunately most physically ill older are unable to manage their gambling activities effectively. Adult experienced gamblers have more knowledge when faced with difficult situations but they can bring everything under control so they take less risk. There are many older veterans who are self-aware but their performance declines with age so it is better not to gamble. |
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I think not only Bitcoin or money and other your personal thing should be shared with friends or relatives. It can be a bad impact on your life if it's leaked in publicly. And people around will want to harm or embezzle money which can turn into a big threat to your life. So, keep secret about specially your online or offline assets.
It is better to keep the exact personal information secret as it will reduce the risk. The use of modern technology has speeded up people's lives and at the same time increased privacy and security risks. Many people put their personal information in danger if they know it in which case it is better not to share it with anyone except their family. It is not a wise thing to disclose all your information to others there is a high risk of being in danger. Therefore the things that are exposed to people should be kept away from them. |
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Investing in cryptocurrencies bitcoin or altcoins are dominated by bitcoin as the main cryptocurrency and are a safer and more stable investment whereas altcoins offer higher potential returns but higher risk. Altcoins are likely to be scams it is not possible to give an exact guarantee of how high these coins will rise. Bitcoin is the king of crypto and altcoins rise in value depending on the value of bitcoin many cryptocurrencies rely on blockchains which are organizational mechanisms to protect the integrity of transactional information. Bitcoin will generally go up based on its supply and demand and then go up again when the price goes down.
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