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861  Economy / Gambling discussion / Re: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt. on: May 09, 2023, 08:22:20 AM

I would say if you're always making money in trading, you can quit your day job, in case you're already make a lot money and you can earn passive income by investing your money you've make from trading. The passive income you get are expected to cover up your daily spending, this mean if your trading goes wrong, you can still life with your passive income. Having a business is a good decision too especially if you're interested in business.

I agree with this.

You can definitely make a passive income from trading especially if you already established your portfolio and if you are really that good in market analysis. Trading requires effort, time, and of course money. It is a risk very much different from gambling because gambling is mainly for entertainment and bonus if you can generate profit. While trading is intended to profit and earn money. Taking advantage of the market volatility, knowing when to buy, sell, and cutloss.

Leaving your job because you can make trading as your everyday means of survival is possible. As a matter of fact, I knew some who did this and has a very stable and financial independent life nowadays. But if you will do it because of gambling, think twice, even ten times because gambling is different. It's mostly based on luck and it couldn't possibly be sustainable for the long run.
862  Economy / Gambling discussion / Re: Why do you favor betting on spesific sport? on: May 09, 2023, 06:12:23 AM
It's normal if people will bet in the specific sports they are knowledgeable of. Having enough knowledge on the sports gives you an edge over other bettors from winning. If you have relevant and updated information needed to predict the course of the game progression, then you have a higher probability of making a calculated prediction of the game outcome. Especially if you know the strengths and weaknesses of the team players and the team itself, it will be a less challenging analysis on your end. But of course, analyzing the situation should still be done with caution since no matter how confident and sure you are on the capabilities of your choice, sometimes fate has other plans.

Some like to bet on ball games because they know so much about it and they have fun watching it. So I guess it's really to each his own. Sometimes people also have this some sort of belief that pushes us to do something because of the charm or luck aside from being well-informed.
863  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: May 09, 2023, 05:24:08 AM
It's been awhile I try daily to make profit

Stake casino mostly mines

But it take back profit.. I have 2k balance.. is there method

To get 100 $ per day
it's possible and more possible to loose the 2k balance in seconds...
Why gambling with such huge amount???
Can you afford to loose it??

I like your point of view here.

While it is really possible to earn a hundred dollar using your 2000 dollars fund, it's also possible to lose it instead of gaining more. The harsh reality in gambling is nothing is guaranteed despite how high the odds are. It's possible you will make the most out of your money, but it's also possible to lose it at once while trying to earn profit. Hence, it is really advisable that you only bet what you can afford to lose so that you won't regret and blame yourself later on

There's a high risk in betting and playing using big amount, but there might be a high reward that might come afterwards. That's why you must calculate and analyze whether if it's worth to try or not instead of impulsively trying. And from there, decide whether you will still pursue or not. Weighing the pros and cons is essential.
864  Economy / Gambling discussion / Re: Need your opinion on the casino project ( gambling ) on: May 08, 2023, 12:44:20 PM
If you are trying to find a casino that is reputable, there are so many threads here in forum about that already. But if you will really insist on depositing and playing in this platform because you are curious and you want to explore, go ahead and try it. But make sure to only deposit the minimum amount to test the waters first. Since I believe there are limited reviews about bithound, it's better to be cautious than to regret later on. Try to deposit an amount you can afford to lose so that you will not blame yourself if the things you expected won't happen.
865  Economy / Gambling discussion / Re: How's your gambling experience right now? on: May 08, 2023, 12:04:07 PM
I think this situation will become normal within few days when the transactions rate will be low and transaction fees will automatically come down but yes at this time it's hard to deposit btc.The problem is for small gamblers who can't afford this fees with small deposit but yes they can shift to other coins because playing through them is fine to save fees and most of them are also confirmed fast.But hope fees come down and we deposit btc to casino for gambling.

It's really such a hassle whenever transaction fees skyrocket to this kind of amount. It's hard to afford it especially if you are a small time gambler because the transaction fee will already make a difference such as additional to the gambling fund. If this will continue, it'll force the small time gamblers to use another coin for a while so they can still deposit and play. Since for sure, it's much better to adjust for a while than not play and bet at all for those who really like to gamble.

If I were it, I'd rather pause or just shift temporarily to other coins available that has lower fees. Hopefully though, this will soon lower down gradually so there won't be much negative effects.
866  Economy / Economics / Re: Without government job we can survive on: May 06, 2023, 12:40:23 PM
Let us be realistic to ourselves, is good to extreme to wait for government to make provision of every in a country, sometimes when we graduate from higher colleges we expected government to create employment opportunities but in some points government keep adamant of making employment be visible and available to the mass,  on my instinct I said without government employment man can survive, I started a popcorn 🍿 business which I managed alone but right now have workers under me which I'm paying and now planning to establish another business.

I disagree.

Society can't function without the government, and not all of the people have the privileged to be self-employed on something that pays well to put food in their table. There's a lot work that the government does, however it is true that they are mostly not solving major problems in different countries, that's why a lot of people suffer.

You can't say that people starve because they are lazy, not all of us has a good pay grade, for example, farmers here in my country are poor because the Government are not supporting them very well.
867  Economy / Economics / Re: 2023: What money lessons have you learned so far? on: May 06, 2023, 05:46:05 AM

What money lessons have you learned so far?


Maybe not spending too much on things you wanted just because I have a lot of money for a moment, or when my salary pays good, that's what I've learned.

Saving is very important, especially when an emergency situation comes. Listing what you're gonna buy before going to a grocery will help you to save your money from buying some random things you'll see in the grocery store. Cooking instead of eating in a restaurant will help you as well to save your money, it's not a must to eat outside. Impulsive buying will just drain your bank account, so it's not really a good thing.
868  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: May 06, 2023, 03:21:27 AM
It's been awhile I try daily to make profit

Stake casino mostly mines

But it take back profit.. I have 2k balance.. is there method

To get 100 $ per day
you can't. You'd die trying before you can even make a whole week's worth of consistent winnings let alone a cumulative win of $100 daily. That's just ridiculous and something you shouldn't go for when you're gambling. There are more people like you than you know who thought once that they could cheat the system and go home with a net win, only to fail miserably and become penniless in a short span of time. If you're looking for consistent pay, why not find a job? Or maybe monetize the hobby you've been wasting your time with. Do something productive. Gamble only as a form of pastime and entertainment and never as a means to replace a full-time job. That's a fucking death wish if I do say so myself.

I very much agree with this.

This will really be a difficult task to accomplish especially if you have limited resources at your disposal. It will require a lot of luck, good set of skills, time, and effort in order to consecutively and consistently win a hundred dollars a day. Because of course, there won't always be winnings for you, you could encounter some losses along the way which means loss of funding on your end that will greatly impact the profit and earning for the day. If you want a stable income with that range of amount, it's best to find a job that pays well rather than relying on gambling because there's a high chance you'll even lose more than what you could earn especially if the rtp is low and you're not just that lucky enough.
869  Economy / Gambling discussion / Re: Have You Experienced Winning Bets By Upsets on: May 06, 2023, 02:33:46 AM
Because I have a strong belief in the potential of that athlete, I had previously placed a wager on an underdog. Even though I had heard a lot of predictions that the fighter I had bet on might lose during that time, it was one of the most anticipated boxing events ever, so I took the chance. I didn't place a very large wager because I had some reservations, but to my amazement, it has paid off. I have tried the same thing once more without success. I believe that occasionally taking a bigger risk will be acceptable, but it won't always pan out, and there will also be instances where we must pay attention to the prognoses of sports analysts.

I'm glad it worked out on you on some instances. Betting on the underdog is a risk especially if there is a huge favor on the side of the very well-known and reputable opponent in terms of odds. But sometimes, it's worth the shot to risk on uncertain situations especially if you really believe the capabilities of the underdog you are planning to bet on. After all, it's not always the one in the spotlight wins. Some players become complacent on their skills and thus, do not train enough resulting to lack of preparing ahead that could cost the fight. If the you know that the other player is complacent while the underdog is determined and has continuously shows potential, then perhaps trying to bet on him won't be so bad. Just do proper analysis and of course, bet responsibly.
870  Economy / Gambling discussion / Re: Do you blame someone for your gambling losses? on: May 06, 2023, 01:57:09 AM
Sad to hear what happened here. But yeah, there are people that would blame others if they lose their money when gambling. And then there are people that would claim that lost they money "by mistake' or someone stole their money (which actually happened in this story that you posted), but it was actually them. When they lost, they realized what has happened, and now they somehow wants to get their money back. Happens more at online casino where players claim that they account was hacked, the game was bugged or straight blaming the casino saying their games are rigged. Not something very unsual.

These people that you mentioned are in denial. They can't seem to accept the fact that they have lost the game and they have lost the funds they bet on especially if the amount is a huge one. Sometimes people tend to blame others for their own doing because they don't want to carry all the burden such as the regrets and losses that came from the miscalculated or impulsive decision they have made. If you are close with someone that possess this kind of mindset, you should give them a heads up about their actions. But if they won't do something about it or if ever they lash out on you because of your concern about them, it's time to cut them off before you also fall victim into their dirty tactics.
871  Bitcoin / Bitcoin Discussion / Re: Does the world still see Bitcoin as a scam, or is it just a lack of interest? on: May 05, 2023, 01:44:43 PM
This question has been raised several times, and I have noticed that some people conclude that the lack of adoption is due to people not understanding Bitcoin or seeing it as a scam.
But I don't think the world still views Bitcoin as a bad thing today, though I know a lot of you thought that, but it is not the case.

I feel the reason for the low rate of adoption is just because people think it's not for them. Bitcoin has been around for over a decade, and any thought that most people would have had about it being a scam must have faded by now.

But at the same time, if you look at it, Bitcoin is a risky business; if you invest money, there are two possibilities: it will either yield profits or losses. Many people today are not fans of investment, not to mention buying assets that heavily fluctuate in price. They would choose to save money earned from hard work, and a few might invest in low-risk markets, even though inflation is still eating them up.

So it would be hard for them to consider holding Bitcoin to use it daily.
Nevertheless, the community is still growing bigger 💗, and people's interest in Bitcoin and cryptocurrency keeps growing.



It's both, lack of interest and lack of knowledge.

Most of the people see Bitcoin as a scam, (1) because of its price/value, (2) because of scammers who are using or used Bitcoin as a bait to steal others money. People are scared of those two things, that's why they are always skeptical about investing in Bitcoin. Also the FUDs going around every bear market is not a joke for the people who doesn't really have any idea about cryptocurrency.

We can't blame them though, they just not chose to get out of their safe zone, only few people chose to risk their money to grab opportunities that is in cryptocurrency.
872  Economy / Trading Discussion / Re: Trading not a get rich quick on: May 05, 2023, 12:41:53 PM
Greedy people (in a bad way) will never be successful in life, maybe for a while, but karma will hit very hard.

I would never dare myself to use someone else's money in anything, especially in trading where everything is unpredictable, which makes it very risky hoping to earn big money instantly. Trading in cryptocurrency is not gonna make anyone rich overnight, it doesn't work that way, it is the other way around for those whose mindset works that way. Trading as a source of income is like a diamond in rough, it needs time and skills to be polished, to earn great profit.
873  Economy / Trading Discussion / Re: I don't know if am right or wrong about this. on: May 05, 2023, 11:07:45 AM
If you explained everything to him about the risk in trading, then you're all good. You didn't force him to do so, he insisted, so clear your mind and just guide your friend whenever he have a question about trading. Always include disclaimers, that'll help too. If your friend really wanted to do trading, I'm sure he knows himself that it is not that easy if he already started doing so.
874  Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less on: May 04, 2023, 01:59:50 PM

Its no brainer on having that differentiation in between gambling and investment on which it would really be that understandable on what are the things that differs them.You cant really be able to stick into something specially on gambling if you are really that going on playing safe with your funds since its for entertainment thing.You cant really be able to make a gambling kind of move when you do make out investment rather.
Taking up risks on investment and taking up risks when you do gamble is both different things despite they are just the same on having risks.Yes, it is the same but on the sense on how you've been doing it,
and on the level you are trying out to bare out then you could be able to find out which one do have more.

If you dont like to lose money then for sure you would be hesitant on spending up your funds on doing gambling, you would rather be thinking you rather be investing which it would be more worth than
on wasting on leisure times.If you cant bare up the risks then gambling isnt your thing. We do have our own choice since its our money then its our business to take on which action you would
really be following.

Indeed. Gambling and investing are two different things. It's like comparing apples to oranges which are the same fruit, but different in all other aspects.

Gambling and investing possess risks. In gambling, you do it out of enjoyment, for the entertainment it brings, the thrill and excitement it provides, and the satisfaction when you do what you want. Perhaps you even do it for some money-making reason. But the risk that comes with gambling has a different level in terms of putting your funds in an investment vehicle like cryptocurrency such as bitcoin.

In gambling, you can't really guarantee a win unless you are skilled, knowledgeable, and lucky. I guess the same thing applies in investment, only that investors don't really rely on luck because doing so could endanger their assets. It's important for investors to know factual information, the current trends, and proper analysis of a situation before building up his portfolio. Otherwise, the risk will be higher that could result to loss of fund or liquidation or assets.

Investment is done in order to safeguard your future. It is important for those people who want to profit over time. It is also done so that the value of money on hand will appreciate instead of depreciate because of inflation. Which is not really done in gambling.
875  Economy / Gambling discussion / Re: Can i make 100 $ daily from online casinos on: May 04, 2023, 01:01:52 PM
It's usually unrealistic to expect to make $100 a day consistently from an online casino and if it's for a week it's still possible, and even then it depends on how they do it and always risk money they can afford to lose or always bet under $50 to earn $100 in few days or weeks.
Online casinos are a business that makes money by offering players games of chance, and most players don't win consistently. In fact, it is common for players to lose money from time to time, especially if they are not careful with their money and play without limits and without control.
We could say it's unrealistic, but people still hoping to make $100 a day wouldn't think that way. They will still try it even though it may have to use a lot of money and a long time. They know it is difficult to get, but they still try it. Maybe they see a lot of influencers who have succeeded in getting it but don't see the limitations placed on them. This is where we as gamblers must realize that all of that has limits and we must not violate them to pursue that victory.

The casino will get more money so we don't have to play longer or use a lot of money. It will only increase the number of our defeats. It is true that we have to be careful when we gamble because we can lose at any time.

Some people really have high hopes which is why they tend to pursue things even though it seems impossible for other people. A hundred dollar a day is not an easy task if you are not doing a job that pays really well. It won't be impossible but will also be a tough thing to do in gambling if you are not skilled enough and if the luck is not on your side. Personally, I find it not really practical to spend a lot of money just to be able to reach a huge profit that isn't certain to begin with, especially in gambling because it is high risk.

But people have their preferences. If you really want to attain it, then go. Just manage your expectations and do not act impulsively so you won't regret later on. High risk, high reward is what happens in gambling after all. Just don't chase winnings after winnings or losses so you won't get trapped into the cycle.
876  Economy / Gambling discussion / Re: How Big is the online gambling industry today? on: May 04, 2023, 12:05:41 PM
Gambling industry has grown a lot. From the past years, there are only limited casino websites where you can enjoy yourself by playing and betting. There are also limited variations of games way back compared to today. Fortunately, gambling industry has progressed so much that gamblers who just want to entertain themselves and perhaps make a profit on the side have many alternatives and options to choose from nowadays.

Comparing before, the ease of transacting is evident too. There are now smaller transaction fees and faster transaction time compared before and there are many means of depositing. You can even choose what coin you will use. Various crypto availability is one of the pros that most gamblers like and the website's personalized coin as well. Bonuses and promotions evolved too. Development of gambling industry will surely happen continuously and I really do hope that along the way, players will be more disciplined and responsible.
877  Economy / Gambling discussion / Re: The madness of gambling addicts. on: May 04, 2023, 11:25:53 AM
I think it's a bit strange when the family doesn't know, because a gambler will definitely show unusual behavior, such as their money running out quickly or other things related to money. For me personally, from there, questions started to arise, why did his money run out so quickly, for example, and that could be the start of following up on what he was actually doing. I don't think it's possible for a gambling addict not to exhibit unusual habits, especially in financial terms.
Not everyone can be open with other people even though it is their own family, if a gambling addict is a closed person then it is impossible for his family to know how financial he has so it is difficult to find out.
On the other hand, I believe not many people want to tell or show their finances because this stage is a privacy that is so guarded.
Yes, it is clear that gambling activities and addiction can be shown when someone holds a cellphone or uses a PC all the time while gambling because a gambling addict can spend a very long time using a cellphone or PC for them to play.
Indeed, in this case, not everyone can be open, but when they are still living with their parents, in fact, if the parents really care about the child's unnatural behavior, it can actually be seen under any circumstances.
Unless the parents don't really care. But indeed in this case, especially from the point of view of the parents who have indeed freed this, maybe this is one of the reasons because in this case, when we as children are adults, there will definitely be privacy, which of course must be maintained.

Well, if someone is observant and very much close to each of the family members, there's a high chance that he will notice the sudden changes about the person involved in gambling, especially if that particular person is addicted to gambling already. There will be signs that the person is having difficulties in money or sudden transition in habits and behaviors. Sometimes, those who are addicted develop attitude problem. Temperament becomes an issue, the aggressiveness in making money or begging for money becomes evident.

But if family members tolerate such acts without confronting, there's a low chance addiction will be prevented to further continue and grow. Privacy is essential, but checking the family members, especially if it's children involved, there should be an open communication.
878  Economy / Trading Discussion / Re: How to maintain profitability in crypto trading on: May 03, 2023, 11:19:13 AM
You can't maintain the profitability in trading, because sometimes your losses are more than your winnings and it could be the other way around too. Trading is about luck and how good your probability is, because that's how you're gonna increase your chances of making profit every single trade you're gonna make. Maybe you could have 70-80 percent of making your profit stable but not 100%.
879  Economy / Economics / Re: Concers About Going in Business with a Friend on: May 03, 2023, 05:30:39 AM
Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.

On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.

I've once tried an investment kind of business with my two friends, I financed the business and I let them did the work. I am the one who holds the money, since I'm the boss, and it went well. I believe before you start a business with a friend or with some friends, it must be someone who you really know well, like really well, because your bond is very important. It must be someone that values your friendship and respect you as an individual who is superior to them especially if they know well that you are much talented to them.

But that doesn't mean that you don't respect them as well just because you're superior to them, if you know what I mean.
880  Economy / Economics / Re: Food Crisis - Improved, Worsen or still the same in your country (No Change)? on: May 03, 2023, 04:36:44 AM
It's just getting worst as the days goes by.

The government doesn't really care about its people, it only cares on how much money they can get from every single citizen living in the country. They are bunch of corrupted, evil people, well not all of them but most of them are. So, it is never gonna be solve because the government doesn't want to, they just let people starve to death, living in the streets, sick and malnourished children, and so on.

This world is not gonna get better, in my opinion, because we're just getting greedier and not better.
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