The worst mistake i ever did is when win big money in a casino site and then lost it all when come back again to play
Well, lot of people are like that also they come back to the casino or gambling site for them to get back what they lose but actually they will just lose again. And you cannot recover for whatever reason because you didn't notice that it is already an addicted illness in gambling. Yes, I also think that chasing losses is the worst strategy and mistake in gambling. I have been saying this but myself I am chasing losses lol  actually no matter what we say but we all are addicted when gambling and its obvious we want to cover our losses whenever we gamble. That's true.. most gamblers are chasing their loses trying to recover all the money they've spent in gambling or casinos till they become addicted to it. Just learn to control yourself and lesrn also to accept losing try to let go of your ego so that it won't make you losing more money in gambling. |
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Actually there is only one chance to win without losing on gambling and I think its cheating. Since most gamblers on real life are cheaters that why losing doesn't happen to them except when you got caught.
I don't know if this is winning too, if you lose all what you've bet but you are having fun on doing it.
You are wrong to say that most gamblers in real life are cheaters. Most of the professional gamblers are people who choose the certain type of gambling so that they can use their skills have an additional edge over the others. Just like pokers or sport betting, you can increase your chances by doing research or training. I think we cannot cheat in gambling, it's there business to earn money from their operation so it's just right to ensure profit. Maybe it's the other thing, instead of saying we can cheat in gambling the real situation is we are cheating to ourselves. We believe we are good basing only on the times we are lucky and won but in reality as per overall our record is not impressive. That's a good point mate. Some gamblers only showcasing their winnings but in reality the loses is more than their winnings. And there's no way for us to cheat in gambling but if you have special powers to control the outcome of the game well then that's a different story. But in reality there's no way that you can't lose in gambling just play wise and don't spend a lot of money when you gamble. |
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For me the safest way to gamble is betting about 0.01% of your balance, with that strategy and discipline you will get a possible 0.01% of losing your whole balance. Most of the time the safest thing is the slowest.
Depend on how big is ur bankroll, if your bankroll is only 1btc, then 0.01% may not be workable for sport betting. So you need to adjust accordingly to your bankroll and what type of gambling are you into. I guess what he is trying to say is 1% and I read a lot of articles about sports betting that 1% is the most conservative amount of percentage for every gambler who has a decent bankroll. Professional sports handicappers are doing it. That's a small amount of wager per bet and that is say so in times you will experience cold streak you will not easily lose all your money. I guess, let's do that way so we will be able to discipline ourselves in gambling otherwise we will keep chasing our loses. I agree with you mate..we can never tell the streaks of our wins and loses.. but you will still have a chance to try again since you put lower bets and that's the safe way to gamble for me rather than doing one time big time bets. |
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When you can gamble with real money that is very fitting, how might you can stop when you have a lot of money?
logically it's not possible, could you be a professional gambler because a lot of money.
you have a point but i think it is also depend of a person how they can handle their money/bitcoin or income. Because I know lots of rich people it is really hard for them to waste money because they really wanted to earn more because rich people don't waste their golden time to waste also their money. A lot of people will be very focus on their goal to becoming rich. So they may not spent time to go and gamble, but what happen is that when people start to think they have achieve a strong passive income, they will tend to look for entertainment to satisfy themselves and that is where they end up spending all their time in gambling. yeah there are also people wants to gamble when they have a lot of money to play with but most rich people that i know doesn't want to use their money in a waste of time and if there is no assurance at all. Perhaps for some people who want to become rich they might not try to gamble and focusing more on investing theor money but for people who are already rich they will still gamble and uses it for fun and entertainment and they will go to casinos to spend time and have fun. |
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If you are smart you will know htat the only way to beat the odds is to stop gambling, if you don't want to lose money then stop gambling and get some boring and safe wage job, but some people don't want to be working until they are 67 years old so they like to gamble a bit, sometimes it goes well and you may retire a couple of years before, of course you can fuck it up and end up badly but that's the game.
Casino designed game in such a way that you are always in the disadvatange. That is why casino can earn a lot of money from your losses and they thrive to be bigger and better. Gamble cannot be used as a career unless you are into poker and sport betting where you can use ur skill to improve your chances. Under the situation we can never really win in the long run, therefore, it's good to only play for fun. I guess it's just easy to do it if we are just not too greedy, being greedy is the main reason why we lose, there are other legitimate ways to earn money but not gambling. Indeed mate. For me the house is always in favor so that's why we have to learn when to stop even if we win or lose because in the long run we can never be sure if we'll win.. so learn to control yourself in gambling before you ended up bankrupt |
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Gambling is not super wrong but the fact is that you just should not do it too much because it stays something that is risky and can get you in problems.
You just should do it sometimes for the enjoyment and nothing more.
I agree. Gambling is wrong in comparison with sport or education. And yet there are things much worse than that people can be addicted to. For example, drugs which obviously are not good for health at least and adrenaline seeking which is too dangerous. gambling is dangerous depend of a gambler because if that gambler doesn't have any control in his/her money/bitcoin there is always a possibility that gambling will always be dangerous and risky. Gambling can be dangerous, but so what? You are taking that risk consciously to look for potential profits or to entertain yourself. Either way, you have agreed to take on that danger as a part of the terms and conditions. Gambling is not wrong. I don't think so. It realpy depends on one person's perspective.. and we have to acknowledge and respect their own opinion towards gambling. Gambling is for fun and also to make atleast a little profit if you win. But if you really abuse yourself to it and lose all your money then it will become wrong. |
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It's only a sin if you do it in excess just like drinking or eating too much. If you don't let it affect your ability to support yourself or your family and don't get addicted to it, it shouldn't be a problem.
It would let you to fall into sinning. Because if you will gamble, you are aiming to be rich with that way. And the more you are aiming more fast money that will make you greedy. Once you are already greedy, that is now why gambling became a sin because you are now changed from your past attitude and most of the time you will become hard headed and angry. Being greedy is one of the deadliest sins in our religion.. and there are also a lot of people becoming greedy because of money and power. Gambling is one of the reasons why too much people became greedy. |
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yes this is a fact that if a person wants to become rich he must put higher bets.
yes not doubt about this, but you must also keep it in your mind that higher bit means high risk if you are putting high bet in gambling no doubt that the reward will be high but the risk of loosing money is also too much high and you can even lose your whole money in one bit. But that is going to make you poorer easily if you will do bet higher. I guess you can do some other things if you really want to make yourself rich. By like working harder and finding out some real job. Because the chance of winning and becoming rich by putting higher bets is lower and the chance of losing is way higher. Risks of losing money will also be higher if you bet high.. you really need to have a tons of luck to win.. otherwise you'll be hitting the wall. Try not to bet too high or better use you money to any other forms of investment other than gambling. |
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If you are lucky you will make money easily but you need to learn the basic rule that never put your luck in troubles. That in simple words mean control on your greed and learn to appreciate if you win in early bets and take your wins away. Gambling is not easy in any form to make profit from it.
Let's hope it was easy, and for me when you are lucky you will only win in gambling temporarily but in the end you will still lose. I guess there's no easy way o win in gambling but it's easy to lose. If it's easy then we are all millionaire now and gambling sites are closing. And that is the truth circulation on gambling, we are really prone to lose if we are only a sole player and im sure that we will get some hardtime to win at them since house edge and badlucks will surely occur in the time we are on betting mode thats the reason we cannot really say that there are an eady way to earn some profits on it since chances are very blurry and we cannot say we can win 100% for that. Well in playing gambling there will be a hard time putting up a good fight when your engulfed with greediness and addiction over it, and the major enemy often times are your bad lucks or bad bets that you have made because gambling is just pure luck there ain't any skill and technique needed to win it you just go on and bet and wait for your luck to take turn! in fact all types of gambling are looking easy way of making money but when one practically start gambling then they find it more harder to make money with, and that is the fact about gambling, therefore there is not a single gambling game which can be consider as easy way of making money . Indeed mate.. once you play the game in casinos then you'll realize that its very hard to win and gain money. Of course casino games are look to easy to attract more players but the concept to win is really hard. |
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Everyone of us here gave a common advise and that is to quit gambling. But it's really upon on you if you're really willing to give it up and fix your life with your friends and love ones.. it's never too late to walk back on the right path as long as you live you still have time to do it.
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Anyone from India now would be scared of cash due to demonetization and now everyone has understood how important virtual currency is. Now those who don't own debit cards also would realize its value and it would be the right time for our Government to adopt blockchain technology when so many people today are suffering due to cash. Bitcoins, unfortunately, are not adopted by our general stores but hopefully they use it for ease of cashless transactions.
The ones who will come to know about it would probably start using it if they are not card holders as you said, because it would be hard for them to keep the money if they don't have cards etc so bitcoin is the solution for them at the moment. yes in fact most of the people do not know about the benefit of bitcoin and that is the reason that they do not like to use bitcoin, once they become aware of the benefit of bitcoin they will certainly start using bitcoin, That's true mate. Bitcoins should be formally introduced worldwide so that more people will be much aware about it. Not only a good introduction but also the benefits that can give to them in short or even in long term investment. |
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No one knows this answer....nobody. maybe it goes up maybe it goes down. I believe in the fundamentals of btc and am long btc, but i might be wrong. I do tend to believe that the ecosystem is growing and will see a very long growth period ahead so the value might tend to be bullish over the long haul.
The best thing is to sell a part of it when you see a reasonable price so that you don't miss the chance, because the price of bitcoin is unpredictable, we cannot know if it will grow later on or it will drop down, so it is always better to sell some of it and keep some so that we don't miss any of the chances. I agree with you mate. Sell some of your bitcoins if the price you think is really good enough for you to make a profit. It's like gambling we can't predict the outcome of the price of the bitcoins it's constant for change. |
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It does, because apparently, bitcoin's price dictates how much it's worth compared to other currency which will then be a basis for you to decide what to do with it or use it to buy things of your liking. Also, it attracts potential investors on touching it and putting money into it seeing how it performs in the economic scene.
The price is the reason why investors flock to trade on large volumes of bitcoin and in turn manipulate the market. This has both good and bad effects on the economy and one of the reasons why bitcoin price fluctuates much. Also acceptance of bitcoin in general public increases but the stores and shops dont like it - they prefer a stable price. The fluctuating price is the reason why we have such a large community of people today, if the price was stable or down like other crypto currencies then there would not have been so many people involved with bitcoin investing or trading it, so price is the first priority. Indeed mate.. all of us here in bitcoin community are the reason why bitcoin price become high.. if the value of bitcoin will crash well definitely all of us will be affected and there's no way for us to make a good profit out of bitcoin.. so price really matters. |
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I do not have big amount of bitcoin saved because in my status i really need money to spend and to add for my daily expenses but in the help of bitcoin i think in the future i can save more bitcoin as my investment.
Same goes with me, i can't save all of my bitcoins because i need to cash some of them out to spend on myself and complete my daily expenses, but i still save some of it i earn every month and hopefully i can accumulate one complete bitcoin soon. I do also needed the money that I get in bitcoins and for now I can't save some of it due to my daily expenses.. soon I can start to save some and really eager to hit atleast 2btc. |
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Bitcoin can not replace fiat because bitcoin is can be spend only in online and it has no real coin to spend offline while fiat is traditional currency which every body can used it any where we want.
bitcoin can only replace fiat if all the people of the world start using bitcoin, and every one has the faciliities to buy everything in their local shops using bitcoin and all the other services which fiat are providing us can also be provided by bitcoin then bitcoin can really replace fiat. It could be possible and it may take a lot of years before it does and world leaders should approve bitcoins as a legal currency and will introduce world wide.. and that really takes a lot of work to do that. |
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I am not seeing any unstableness in bitcoins as of now. but I cant spend it in daily activities as bitcoin is not yet accepted almost about anywhere in my country, people dont even know about it. So, I have to use fiat, but I use bitcoins for purchasing a premium currency in a game.
Yes for now because the availability of using bitcoins is still limited and you still need to convert your bitcoins in physical currency and that's what I do for now. But soon there would be more services that can be offer using bitcoins. |
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Unless you have some business, or work for some blockchain technology business, crypto is not the best place for a steady income.
You could probably find some ways to make profits in crypto, like trading, many even manage to earn a living from it. However, the level of instability is higher than in a regular job.
but already many people who become rich because of crypto coin. the important thing is how we can focus on one job. my friends get similar income manager, simply by trading at home. they look at a computer only 4 hours a day. Wow that was nice for your friend but i think you do not need to focus in one source of income much better to have regular job, business then earning in bitcoin since bitcoin can not gives you stable income. Indeed. You need to have a lot of resources. Even if you have a stable job you still need to fimd an alternative way to make an extra income. If you have bitcoins and a steady job definitely would help you make a good savings in the future. |
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It don't really matter for me at all since I'm not a millionaire.. yet. What matters is as long as I'm earning my bitcoins that would be fine for me.. even if I'm going to be a millionaire I will find an alternative way to eran money other than bitcoin.
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Of course. The Fiat system will crash and Bitcoin definitely becomes a new world currency. I do believe in this theory. Just look around you, the number of people using bitcoin is increasing significantly although the Bitcoin price is only 750$.
No matter how big the price of bitcoin grows, it would always be considered an alternative currency, what do you think? That governments will give the economic control in the hands of the people of their country and they will just sit and count their own bitcoins? Stop dreaming man! It will because it has no independence, bitcoin cannot exist without fiat because the value is solely base on fiat. Everyone must understand that and will not push harder that bitcoin will replace fiat, it will not happen not ever and in the future. Yes that is true fiat is really needed by bitcoin and bitcoin can not stand alone with fiat there will be no basis of value if fiat will not present. Fiat is much usable by many people. I really don't agree that fiat will replace by bitcoin.. bitcoins can be consider as an alternative currency and this currency is also dependent in fiat system. I think both fiat and bitcoins will live forever. |
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You can achieve those status with lucky, or you may try with your skills, trading, and sport betting, in the last sentence you may gamble as well try forex to achieve those, but its very hard to find a person that is making steady income from any of the above options, its more a dream then a reality.
Well, many users bitcoin has a goal to become rich, and I think the steps we took almost all the same, ranging from investment, gambling, trading, and make business with bitcoin. Well, all the things we'll use to make it a reality for the way we take it is still legal. never stop dreaming friend I agree everyone of us here in bitcoin community has only one dream and that is to become rich.. hopefully we will be able to achieve it and right now I'm already starting to invest more using my bitcoins and my goal is not to get rich but to get more savings for my future. |
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