It is true that the entire mass hasn’t adopted the blockchain technology. However, if you look through each and every year, you’ll see that bitcoin and cryptocurrencies at large has been growing and reaching more people. All these trends around cryptocurrency still boils down to even more adoption. So I really think that we’ve been doing great. You also have to consider that It’s the adoption that has given it its current value. Little by little, we will keep growing.
But It will take a long time. Current pace is not enough for the current generation. may be next generation will get the full benefits of them. Well, we can't push the adoption of bitcoin. Yes, we can spread things or ideas about bitcoin, but we can't guarantee that everyone who listens to or reads about it will be interested in it and will spend time and effort to know about it. This is a common problem with other people. When they have an idea or knowledge about bitcoin or crypto currency, they will be held back because they heard about the complexity of this field, and the investment is long-term, so they will be wary about what will happen to their investments or if their investments will have a profit or not. But we can still do our part as spreaders of this wonderful technology, but we can't ever hope that all the listeners or readers will have the interest to adopt or learn about this bitcoin or crypto currency stuff. Anyway, in fact, there are more establishments or businesses that are slowly adopting bitcoin or the payment mode through crypto currency. |
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Well, it's unfortunate to hear that bitcoin in your country is still illegal, but I think most of the country's bitcoin is illegal, but still, we can own them and access them. What's illegal about bitcoin is that you can't use it like a regular currency when buying something; hence, some establishments and businesses are starting to adopt it and accept crypto currency payments, mainly bitcoin. Well, it can't be helped that in your first investment in bitcoin you will sell it or, like you said, you will use it with a third party, which is not a good idea. But I think you've learned your lesson from those happenings. It's not too late. You can still invest in bitcoin now. It's up to you how much you will invest because any amount is acceptable. It's up to you how you will grow that small investment. Do DCA so you can accumulate a lot of bitcoin in no time.
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Well, that's not a problem if you see BTC as an asset, you don't need it to move too often. If you need it for transactions - you can use lightning, but I prefer simply using altcoins for stuff like this.
Well, it can't be helped as we do transactions based on bitcoin, or some are earning through bitcoin or making payments through bitcoin, so there are many transactions happening in a day, so even if they treat bitcoin as an asset, it still can't be helped to make a transfer in a day because that's what we do. But the thing is, in these days, the transaction fee is too expensive and the waiting time is getting longer, so what we can only do is wait until the fees are lowered and the transaction will be faster. That's how bitcoin works; it indicates that many people are using bitcoin, and that's why the transactions are being congested. Using altcoins for transactions is also not bad; it is in fact an alternative, but instead of altcoins, why not try using stable fiat currencies like USDT if there is a transaction needed to be done? Bitcoin should not be touched in these days because the fees are too expensive. |
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I think the pool is wrong. What I mean is that based on the choices are the feelings that the gambler will feel after playing or finishing playing gambling, but the emotion will depend on the standing or what happens during the gambling session. For example, a lucky gambler will be satisfied or happy after the session because he won a lot or quite a few money, but a gambler will feel remorse, sad, or disappointed after the gambling session if the gambler experienced a great loss or, let's say, not too lucky that day or that session. So I think all the choices are applicable depending on the situation or standing of a gambler during the game and after the game. But if we are talking about general satisfaction, I would say "satisfied" well because I have a certain limit of money that I will spend on gambling, and after that, no matter what the result, win or lose, I will still be satisfied.
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I have decided to continue my involvement with investment in Bitcoin. My conviction in the importance and positive tendencies of bitcoin cannot be complete if I continue to just discuss and learn about its existence. I believe that a practical approach to learning is the best approach, hence my decision to invest in bitcoin with the little funds I have at the moment. I also believe that little drops of water makes the mighty ocean and I'll continue my investments when funds present itself. I wish to take my journey to another level of involvement, hence my decision. I hope and know that in the nearest future, I will be proud of the decision I am taking now. I intend Hodling my coins for a long time to avoid a repeat of my former tragedy. Here are proofs to backup my claims. reference: 20543928429965520896  Since you have made a decision to invest in Bitcoin, stick to your decision. Now you can take some advice from those like us who are rational and suggestive. Because you've started, you'll be investing bitcoins in the DCA method on a regular basis for a long time. I prefer DCA method because once you start investing with DCA method, your investment will increase. And the longer you invest, the more successful you will be. Thousands of investors following this DCA method in Bitcoin are finding their success and moving forward in the distant future. No investment is small as long as you started investing. If you are right now that the OP started his investment, then doing DCA is the best option to do because investing or holding bitcoin assets doesn't have to be rushed or buying bitcoin right away. With the current price of bitcoin, it is impossible to buy 1 BTC right away, so doing DCA is the best option. I hope the decision of the OP will not falter no matter what happens. As we know, bitcoin investment is not a joke; it is risky and scary, but with enough knowledge, skill, and patience, an investor will gain a reward in the long term. I know the OP is aware of bitcoin being long-term, and I hope he will not use his bitcoin or satoshi in case he needs it. There should be separate funds for emergency happenings. Investment is investment; don't let any circumstances make you sell your holdings. |
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Well, it depends on the amount. Of course, for me, my regret or sad phase will last longer if I know the money I've lost is quite a lot. Of course, it's a common and normal thing, especially since we are talking about money here, so I'm sure most of us will have the same feeling or answer, but if the amount is not that large, then I will be sad or frustrated for a short time only. But when it comes to winning, of course, no matter what the amount is, the happiness will last very long. Of course, it's a win, so no matter how small or big it is, the happiness cannot be matched by something. But if we are talking about a very big win, then of course the happiness will be greater and more assured. Its valid to feel sad, frustrated, or happy in every bet depending on what the result will be. The important thing is not to be too attacked and too affected by the result because it will affect your next bet or gambling.
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To those who considers making profits a priority in gambling, I have come to observe that it is much more frustrating when you looses your game at when the game was almost over and you were on the safer side (winning) and just a few minute or seconds before the game is over it ended up at your lost.
I come to understand that it is more worrisome when the sure winning opportunities was so huge and got lost lately closed to the end time of the game.
That's how luck definitely works. we don't realize that what we expect to happen has changed, so sometimes it's hard to expect and talk about things until it's over. you will be really disappointed if that is the outcome. You seem to have the fun and excitement but when it comes to the end, it's like heaven and earth are entwined because you just lost. That's one of the reason why I don't expect much when I'm doing gambling because I experience that same scenario so many times. True, betting or sports betting is unpredictable to the sense that its because it is a sports we can never know what will be the outcome of the game so even if you are very sure who will win or you are already in the winning side you can never know if you will win until the end in short in sports there are many things that could happenz there are different circumstances that could happen in a game and that is something that we can't predict or for see so its normal that sometimes you will lose in a game that you think you will win, yes it is frustrating but that is betting gambling, we can never know what will happen until its over so we should expect the unexpected, the only thing we can do is accept what happens instead of sulking anf regretting because it will never do anything good to them. |
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I would choose option E, a business, well, simply because if I have a business, then I can guarantee a lot of years of having that business and continuous profit if only I handle the business well. But yes, there is a risk in business or owning a business, but it's worth taking the risk and making it happen. You see, in other options, I will get a certain amount of money and a certain period, but what if those periods? In the end, I will have nothing to save up because of the expenses. So I would rather choose the business so I can have a long-term money profit; in short, I will think long-term. With a business, I have the possibility of growing it into a successful business, and it will also give me long-term wealth, which is more practical to choose and it will give me a long term opportunity.
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Do you earn $3000/month? If that's the case then your income is actually more than enough and even if it's per year I think it's still very large because if we talk about comparisons with salaries in my country which are still in the average range of $200-$300 it's actually almost the same.
Especially if it's $3000 per month then I really don't understand what kind of needs you have until that much money is not enough to fulfill your needs for one month.
Investing in bitcoin is not a demand and do it while you can but when you often buy and sell bitcoin that you have it is not an investment but I might classify it as trading.
As for when you sell the bitcoin that you have actually it is also not wrong if indeed you have made a profit from there regardless of the need or not as long as it is profitable and you think selling is the best choice then why not because again this is about your own choice.
Such amount is already high considering the regular monthly salary of an employee. He can very well afford to buy some btc every month if he truly believes in this market. But if he has high-end lifestyle, of course, such amount is not more than enough. True, $3000 a month will be too much. In fact, with that kind of money, he can save a lot or allocate a huge amount of his salary for buying bitcoin or doing DCA. But the thing is, this statement is not clear. The OP didn't elaborate if this is his monthly salary or not, but if it is his monthly salary, then I don't see a reason for him not to own a bitcoin or allocate an amount for doing DCA of satoshi until he can accumulate satoshis that eventually will become bitcoin. If it's true and yet he can't still own a bitcoin or he ends up selling his holdings, then maybe because of their lifestyle, that's why he often needed to sell his assets based on his statement. If that's the case, then the problem is in him. Anyway, I would like to hear from OP if that salary is monthly or not, because if it is monthly, then I don't see a reason for him to not own a bitcoin right now. |
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There is no standard to measure which class of gamblers loses more or profits more among rich, middle class, and poor gamblers. However, once the middle class and lower class lose in gambling, their mentality changes a lot because they don't have the courage to gamble again after losing a huge amount of money. But the elites do not become mentally broken even if they lose repeatedly in gambling but they do not hesitate to bet again to get profit even if they lose more than once. That's why the rich are more likely to profit from betting than the middle and lower classes.
Exactly! Those people in the middle and lower class tends to become more broke after losing such amount in gambling and even if they really want to gamble, they can't do that again because they have no money. nothing left in their pockets after losing, what's even worse is that maybe because they want to continue gambling, they might think of something else that is more difficult to solve such as borrowing money or mortgaging properties. I think when it comes to losing by number, I think any class is all the same. We are all humans and have a similar fate when it comes to gambling. Not all gamblers are lucky enough to win frequently. That's why I think when it comes to the number of losses in gambling, no matter what the class is, we are all the same, or they are all the same. But if we are talking about money, of course, why the rich people? Simply because they have more money to spend and can afford to lose than middle- or lower-class people, as they only have limited money to spend and can tolerate losing. Yes, middle- and low-class gamblers have alternatives to having money to gamble, but it will only make their lives worse. Unlike fortunate people, they have more money to spend and nothing to worry about. That's why I believe that they lose more money compared to other classes. |
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Well, you have a huge amount of capital, but the question is, which field are you familiar with? The answer will still be yours, and the decision will depend on you, because if I were to suggest, then I would suggest that you go for bitcoin investment or crypto currency investment because I'm not familiar with real estate investment; in short, I have no knowledge or idea of how I will earn in that field. The same goes for you. If you know both fields, then it's good because you will have different options on where you will invest, but I suggest focusing on one only so that your capital will not be too divided. I don't know. I think real estate investment is too risky right now as the price of the land is too expensive, added to different expenses. So I would go in bitcoin if I were you.
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One of the biggest lesson I learned and experienced in the year 2023 is the virtue of waiting. People who do not have the skills and the inclination to do trading should just do the holding with the best cryptocurrencies that we have. We should understand that waiting is not an easy thing to do most especially if one is not financially well-off...as there is always that pressure to cash-out. I am sure that in 2024 those who failed to wait will be shaking their heads in disbelief when looking at the prices of coins and tokens in CMC or Coingecko.
Well, that is a good lesson, and I hope this lesson should also be reliant on other bitcoin investors, especially those newbies in bitcoin, because now many investors or new investors think that investing in bitcoin will be a quick-rich scheme or that they will see profit in the short term, which is not the case. A bitcoin investment is a long-term investment for you to see a profit, or a very good profit. Although bitcoin is long-term, there is a way to earn short-term profit, but profit is profit. We can't argue with that. That's why patience is very important in bitcoin investment. In order to have a good profit and a good mindset, an investor in bitcoin should not be impatient, because being impatient means money or capital will cost you, so this lesson should also be manifested by those investors who hope for a quick result from their investment in bitcoin. |
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sometimes people very greedy for money, they just want to play only to chase money that they can't actually get. that's why they don't hesitate to continuously deposit money into their accounts, whether it's from their salary, begging, or stealing, just to have fun and chase the jackpot from their gambling.
you know that the bad nature of humans is that they keep chasing something that they can't actually get, and that is sometimes what traps players.
Well, you are right about people or gamblers being greedy with money. What's driving people or gamblers to keep on playing is the money itself. They want to earn money or hit a jackpot in gambling because they are hoping that it could change their lives, which is not the case, and I don't know why people keep on believing that they could attain the same luck as those gamblers who get instantly rich because of playing gambling. I also don't think that what the OP said about changing the game will do anything; anything related to gambling or gambling games will also have the same effect. It's all about losing more money from any gambling games. If a gambler has the goal of earning money or making a living from gambling, then they are not on the right path, as gambling is supposed to be for fun and entertainment only. Other than that, gambling can't have a positive effect. |
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I tend to remain silent and regret my actions when I experience a big loss, because sometimes when gambling I get carried away by emotions and continue to make deposits, I never blame other people, it only tells about my own stupidity.
Well, it's good because no one's to blame; it's ourselves or the gambler itself. No one should be involved. If you are blaming others for your gambling losses, then the problem is with the one who blames, because why would he involve others in his losses? In the first place, he is the one who made the situation, the one that made the losses, but it can't be avoided because sometimes gamblers or us gamblers tend to divert our frustrations to other people to ease our pain or frustration, but still, it is not good and healthy for the people around us, so we should always avoid blaming others or involving others in our own doings because of our own losses. I once experienced something like this, but I regret it right away. Instead, I divert my frustrations to other things, things that are not alive, or I ease my frustration by playing games or reading. In that way, I can control my emotions and will not involve others in my frustrations. |
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Gambling is a game of chance.
Trading is not a game. In trading, you are not gambling anything but trading.
The trade may favour you or not and that is why it is risky.
So basically, on your own words trading is gambling!  You are very wrong and you are not getting what I meant. Trading is not a game, but gambling is a game. In trading, you are buying and selling. In gambling, you are not buying and selling anything. Both are risky and their risks can be the same, but some people like you failed to understand that trading and gambling are not the same. Many consider trading as gambling if you do it without having your own analysis and strategy. Its like a guess trade and that can be very risky same as gambling. If you do trade responsively using your strategy and own analysis, then it can be a rewarding approach, just don’t make any guesses especially in futures if you don’t want to call it as gambling, because trading that is based on luck is consider as gambling. I agree that a trade will be a gamble only if the trader doesn't think much of it and just lets it out without thinking about the outcome, whether it will be a lose trade or a win trade. But still, I don't think gambling should be associated with trading. Although trading is very hard and risky, like gambling, it doesn't rely on luck. Trading will be efficient if the trader knows what he or she is doing, and with proper analysis and thinking, a trader will have a high percentage of winning a trade or earning from a trade. So yeah, I will not associate gambling with trading because gambling has a higher chance of losing money than trading, so I still choose trading over gambling. Although I do both, in terms of having income or money, I would focus on trading and on earning, but if I had to have fun, I would pay a little amount to have fun, then I would go to gambling. |
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As the gambling industry is evolving, I think innovations would have kicked in that can make someone create a career from gambling. I do not know how this can be achieved but I feel it is possible.
Making gambling a full time job might be seen as risky but I still feel one can make gambling full time job and a career.
What do you all think?
For gamblers whose only intention is to have fun, I think the risk is none of them. Risk only enters a gambler if the motive and intention are to get a profit from it or get a jackpot. In short, they think it is a source of income. Then I don't seem to see any career in gambling except maybe playing poker, billiards, and boxing, but the games that are slots, baccarat, and blackjack—I don't think that these games I mentioned can be considered a career. True, the literal essence of gambling is for fun and entertainment. I don't get why many gamblers are hoping that gambling could change their lives. Yes, it can change or affect your life, but mostly on the bad side. Well, it's because many gamblers end up losing a lot of money from gambling, and that's because they are hoping about winning a jackpot in gambling because they have the mindset that when they hit a jackpot, everything will change. But in reality, gambling does not relate to losing money, so there is no guarantee of gaining a profit, treating gambling as a source of income, or even making gambling a career. Not all gamblers have the same shot at it, and not all have the same luck as other gamblers. So people or gamblers should stop having a false hope of becoming successful gamblers. There is a lot of grey area in that path. |
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There is no certainty in bitcoin investment and as it is too complicated it is not easy to use or to invested in it, but the thing is it is rewarding if you've studying it, deepening the knowledge, skill and experience in bitcoin will bring you good fortune, and about the question well it will depends, but most of the time beginners tend to lost some money or their investments from bitcoin at the start but it is a common thing, people tend to lose money on a investment at the start it is part of the the life, you will never know until you experienced the pain or harsh reality of one thing and that mistake or failure could be your greatest lesson, its up to the investor if that first lose or mistake will be his lesson or will be the reason for him to quit, you will need a strong dedication and will to continue despite the hardship in bitcoin investment.
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Over the time, I’ve seen several post, by users here who, claim that gambling is strictly for fun, even when one is making losses and I’ve paused to ask this question “Is there actually any fun in gambling especially when the losses are more than the winnings?”
Let’s be frank, there are several other things one can do for fun aside gambling and I understand that life it’s own is a risk but seeing claims that people see gambling as fun even when making losses is weird and I think it’s worth discussion as to know if truly people gamble strictly for fun without minding if they’re losing or winning
Honestly speaking there is fun in gambling but not when you are losing. Each time there is wining its always fun and people don't think of quiting. But when there is more loose its often no longer fun. So fun I'm gambling is as a result of win and not loose because nk body is ever happy when he/she is loosing. I really want to know the person who is having fun even losing in gambling because i think any sensible person can't be happy on losing money in gambling and when you are not happy, then you cannot have fun. Isn't? By the way, there may be one possibility where a person may have fun even when lost the game, is that when he is following the money management and he knows that even if he loses a few games, he is in overall profit. This way he knows that the important thing is to be in profit, there will be many gambling times, when the gambler will have to face a loss. I don't think there is a sane person who gambles and has fun while losing. Maybe gamblers who gamble for hours are having fun and being entertained, but the thing is, at some point, I'm sure he or she will have regrets about losing that money. Who's going to be happy after losing money? none, even if the price of losing the money is having fun or being entertained. But maybe there is a possibility, but still, I believe that there is pure fun and entertainment while losing money or after losing money from gambling. Accepting the loss of money for fun may not be a bad idea, but it would apply to some people. But for me, it is impossible to have fun if I know I'm losing money from gambling. Yes, I'm having fun, but I know at some point I will think of the money that I have lost and have regrets, but what is done is done. |
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Learn to cut your loss, yes I mean it, the are so many rules and skills in trading which in other to succeed in trading you must utilize to the maximum, and one one them is learn to cut your loss if it's obvious that holding your position will do more harm tham good.
Most traders have fail to understand that in trading it's very important to keep your ego aside and admit when you are wrong, cut your loss early so that you can try again .
I have seen so many traders watch there their position run into liquidation because they were stubborn or they believe that it can still reverse to their favour, when it obvious that their is no hope.
In my early days in trading I have my own terrible experience of failing to cut my loss early because I believe that their is still hope, but I learned the hard way when I got liquidated.
You wouldn't know how important this decision is, until you have been liquidated.
Learn to admit that you are wrong, cut your loss, restrategize and have a go at it again.
but it's not always applicable. For example, cutting your loss too early is not good because, because of that, you lose an opportunity to earn, or, let's say, instead of cutting loss, there is what we call "stop loss." That's why it is there, so a trader doesn't need to monitor the trade frequently. So if you want a minimal loss, then set the stop loss to an amount that you can afford to lose, but it will also disrupt the analysis and strategy in the trade. Although it may seem like an option or choice to minimise the loss, the feeling of losing money from a trade that you didn't look into until the end is painful, so if a trader can't wait until the trade ends, whether to take profit or stop loss, then it's better to not do a trade when unsure; don't enter the market if you know you can't see the trade until the end. |
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Well, there is no shortcut to become successful in trading and it will never be an easy road to become successful in this field, yes it will be hard and risky but I think you are decided and dedicated to be successful in trading, that only thing you can do is to hone your skills and knowledge about trading, build up confidence and skills also experience you will used in your journey, no matter what you read here in this topic, no matter what advise that is or guide you will never be successful if you will not apply and learn it for yourself, trading is risky and unpredictable as the market is volatile so there is no certainty in this field its up to you on how will you manage to survive and be successful in trading. You will need a lot of patience, as the road you choose to cross will never be easy.
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