I don't fancy gambling with anything that is not immediately expendable like my budgeted money or food. I can remember gambling my ration of food away and laughed over it when I lost and settled for junks while I awaited the next meal. Gambling with valuables like house, cars and even valuable home properties is a bit abnormal to me because losing it would mean trouble for me. In such a scenario I'll not be thinking of what I'll gain if I won but the impact on me if I lost them.
Hahaha sounds so funny, you're lucky you had access to junk else you've remained hungry, well i don't thin I'll ever gamble with my food, especially my favorite food, that's how much i love food, I'm not a glutton but i just love food. Anyways i can only gamble with money and not my valuables, anyways I've learnt lots about gambling in this forum and one good thing i don't forget is gambling responsibly so I'll always gamble with my spare money. |
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Day 12 {
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In my opinion, none of them will make you addicted. When you gamble haphazardly and do not follow your bankroll, you are at the highest risk of addiction. Placing small bets means that you are an experienced gambler and this strategy can greatly reduce the number of losses. Placing small bets allows you to use your funds as much as possible according to expectations and the amount of winnings increases relatively. The most important thing is that when you refrain from taking excessive risks while betting the chances of becoming addicted will decrease.
Remember that the gambler is not only placing bets with smaller money but doing it everyday and something that's been done consistently on a daily basis could tend to make the person become very fund of it and since it's gambling the person could likely be addicted, addiction doesn't only happen when someone gambles recklessly, spending much time on gambling or doing it consistently everyday is highly risk and the risk factor is addiction, some one who bets with a high amount but few times in a year is less riskier except the person didn't do it with spare money. |
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As a newbie, know the aspects of crypto before diving into it...There's trading and hodling, if you are the type that can really invest and hodl for a long time then you should consider going into trading...if you are thinking of investing in Bitcoin then be ready to hodl for a long time but if you decide to trade Bitcoin then you can do a day trade, all you have to do is find out what works for you and what you are interested in
Hodling Bitcoin and Trading is not for everyone, those who don't have Patience got nothing to do with Bitcoin while those who ain't good in analysing the market and have the willpower for risk taking got nothing to do with trading. Well everyone should have their own preferences but i won't advice anyone to follow the more risky path, trading is more riskier compared to Bitcoin holding, many folks have profited lots through Bitcoin by just holding it for years but not many traders have made wealth doing it, they even panic when the market is down but a true investor doesn't need to do so. |
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The only thing that attracts people to gambling is the thrill and the chance to make easy money. That's what draws people to it. Many years ago, that's what attracted me to gambling. Over time, people begin to specialize in either the thrill or the profit. But gambling profits are usually offset by the expenses of most players, so it's only fair to talk about profits. Long-term successful gamblers make up a tiny percentage of all gamblers. Nevertheless, the dream of getting rich never leaves many.
The urge to make more money is the driving force to why many folks started gambling although some later realized that is not a safe heaven to wealth and how risky it is to their income and savings so they wisely use their spare and channel their attention to entertaining themselves with it, but there are some who disregard the risk factor and keep trying to get lucky someday and win a Jackpot. In other words, more people go into gambling for the profits than for the fun of it although some folks don't really know how to manage the risk. |
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Day: 11 {
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Stop nitpicking and get the context, ser. What you're trying to post/debate is different from what I'm suggesting.
Try to take correction when you make wrong suggestions, I understand your context and I'm not trying to go into any debate with you but only correcting your statement by giving you the best approach on how to advice newbies towards the right path to Bitcoin investment, they're called newbies for a reason and very prone to chicken out over any misleading context, they'll definitely sell but that would be in the future and it won't be nice to start directing their attention towards that path since they're still in the early stage of their investment, at this stage accumulating should be their major focus like I've said before now so disregard that suggestion and lead newbies towards acquiring more and more Bitcoin now, they can decide to sell in future when they’ve accumulaed and held long enough. |
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...So for those who think they bought Bitcoin at its peak, don't worry too much and hold on to your Bitcoin. Buy more Bitcoin when the price drops and reaches its lowest point. Using the DCA method is the best way to accumulate more Bitcoin.
Anyone who gets depressed cause they didn't buy Bitcoin earlier is really ignorant cause instead of that they should be more bothered about acquiring more since we're yet to get to the peak of Bitcoin, the level it is now is just for the period since Bitcoin has the potential of going higher, we're expecting it to reach 7 figures in the future so those buying at the current peak would still be at a good advantage when it gets to that figure. Like I said, the goal is to accumulate as much as possible and hodl for the future when it has improved more better than it is currently, they'll even be happy then bought it as the price they currently feel it's the peak by then in future. |
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Do you check conscious or unconsciously lied to someone or to your love ones to cover your gambling loses? And what kind of lying did you do? Did you tell that you just lost like $50 but in reality it's $500.00? Or that you lend some money to your friend, but then you go and play on casinos? Or you tell that your paycheck is short and there is something wrong with it and so you will have to ask your company's HR about it?
How about other lies that you uses because you can't admit to yourself that you've actually lost because it's a sign of weakness?
This should imply to those who gamble recklessly with important funds meant for essential needs, gamblers who do such would see a reason to lie to their spouse or family cause they're ashamed of letting them know the heavy amount they've lots to gambling and won't want to be seen as someone that's not responsible with money, but someone that gambles responsibly with funds that's their spare won't have a need to lie, since they still have funds to provide for essential needs, I do gamble with my spare cash so I see no reason to lie to cover any loss since it's what I can afford to lose. |
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OP, I know that the reason for creating this thread is to enlighten people of a strategy that could help prevent addiction, it's a nice one and am in support of anything that would aid gamblers to prevent addiction, well one of the fastest way to attract addiction is by being a greedy gambler, therefore I believe that if every gambler can avoid being too greedy it would go a long way to aid them from getting addicted. Howeve, knowing when to quit is another good practice since a gambler would see no reason to chase lose when they develop such mindset.
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I gamble to make profit and there is no need to be dishonest about it as long as I'm gambling moderately. There are people that claim to gamble for entertainment but they still end up losing an insane amount of money and sometimes or perhaps even getting addicted to gambling. It's not really a bad idea to gamble for profit as long as you are not staking an amount of money that you cannot afford to lose
No problem if you want gamble for profits. But it becomes a problem since you blame other who gamble for entertainment.  Dude, you know gambling is a place for spending money. No matter what your goal is, you can't gamble for free. So of course, people who gamble for fun will spend money as well. However, they probably won't spend too much money as you. Gambling for fun doesn't have a target to win a specific amount of money. So they won't be trigger to spend an excessive amount of money. It is different with you, who target for profits. I'm sure you will try to chase the profits as your main target. Regarding the chance of getting addicted, I'm sure the people who gamble for fun, they will have a smaller chance to get addicted. It is because they are not trying to gamble as many as possible. They are just trying luck and get entertainment, they don't chase a specific amount of money as the profit target. Anybody can gamble for whatever reason, that's their problem cause it's their choice but hope they gamble responsibly should be the question. Some people just don't want to have that mindset of doing it to make money that's why they see it as a form of entertainment so as to avoid being too greedy and end up being addicted, the goal is avoid being addicted so whether anyone pretend to gamble for entertainment or come out plain to say they gamble for the profit, the money they use to do it should be their spare cash that they can avoid to lose, losing that is less risky and much better than losing a huge money that's very important for essential needs. |
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Day: 10 {
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 Did I say I want them to sell? Although we encourage HODLing, we can't actually force people to be actual HODLers because life-conditions of each individual is different, OR, the plan of each individual is different. But the point is, if people are selling now - STOP. They're merely doing what the billionaires want them to do. IF indeed an individual has a "take profit target", then in my personal OPINION, wait for a seven digit price valuation OR when Bitcoin surges above Gold's total market value. So are you indirectly saying they should fall into the billionaires bait or what, I think that at this point people with lesser amount of Bitcoin should be encouraged to keep accumulating and holding instead of directing their attention towards selling even though you're trying to say that they could sell in future probably when Bitcoin reaches 7 figures but selling shouldn't be their priority at this point, their major target should be continues accumulation and to keep holding and not otherwise since they're still starters, some of these newbies are weak hands they, need motivation and encouragement to keep pushing and any form of misinformation could make them do otherwise, let's be guided please. |
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My question is, how would a Casino know that a Bitcoin deposited into their site by a customer regardless of the amount is dirty? For instance let's say a pick pocketer stole money and took it to the market to buy goods, automatically the money is stolen (dirty) but it's not the market sellers fault since they're not the culprit, same implies to scammers and other dubious people who funds their Casino wallets with dirty money, in other words dirty money have been circulating around the world, even in Casinos but it's not the Casino's fault since they're not the culprit, although there are some Casino's that purposely help rich folks launder their money, if you do your research you'll discover a few that's been caught on that act, so OP the answer is NO.
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The only difference between the rich and poor, as it concerns investing in Bitcoin is the fact that the rich has more advantage than the poor. In the sense that, the larger your income sources, the more flexible an investor can be when making investment, since he'll be able easily take care of his expenses, and still have enough funds to allocate to backup funds and other things too. But since the poor mostly has little or small income stream, they may struggle to foot those bills and take care of other financial needs too.
There's no doubt that the rich has more means of increasing their discretionary compared to the poor but it's not a competition and Bitcoin investment is not about how rich one is, it's about how consistent one can be to hit their target in the future. I feel that the idea of the rich having more advantage is the reason why many poor people are yet to invest cause they feel they can't afford the spending power not knowing that Bitcoin investment is not a competition and should be done according to one's imcome, so far an investor can generate discretionary regardless of how small, consistency and patience should be the goal. |
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OP, your post is really funny, it made me laugh while reading through, it's just like a gossip calling another gossip a gossip and trying to tell the other one to stop gossiping, hahaha. Anyways i heard that the gambling rate in Phillipines is getting out of hand and more people are becoming addicted in that region, what the government should do is to try enlighten it's citizens on the consequences of addiction and how to avoid it, you don't use force to tame an addicted person cause it's easily developed but sometimes very difficult to stop.
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Day: 9 {
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At this point, it's getting really confusing, some people are saying that Isreal is killing innocent citizens of Gaza and committing genocide while others are saying that the Hamas and Hezebollah groups are using citizens as shield against Israel from retaliation of the 0ct 7 attack carried out by the Hamas and Hezebollah groups, if people say Isreal is a terrorist group for retaliating on another group for killing their citizens what would they call Hamas and Hezebollah and what they did on Oct 7 2023? Well, I'm not in support of any group but if anyone hurts my family or loved one, I'll definitely retaliate and if they call me a demon for retaliating jokes on them. https://cl.usembassy.gov/anniversary-of-october-7th-attack/#:~:text=On%20October%207%2C%202023%2C%20more,of%20Jews%20since%20the%20Holocaust. |
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I think it is because these persons do not know what they are doing at the moment they take such chaotic step in their life. Even bank loans nowadays at least in Europe, in their ads on TV has added a new sentence that they say at the end of the ad which is "borrowing money costs money, so inform yourself before applying for it" because some persons have sued banks that they didn't warn them about risks associated with money borrowed. This I think has to apply somewhat from TV ads that can make an impact for gamblers also as the only way to raise awareness in such persons. People who take loans to gamble usually end up extremely bad and they should be aware of what they do, if there is no way to reach this target, the problems will continue to happen.
Well, some people are so frustrated by poverty that they could do anything in trying to escape, even if it involves huge risks but that's not a wise decision, I know that life is unfair on some folks and poverty can be so frustrating but putting oneself in a mess while trying to solve another problem is not a good idea, that's exactly what borrowing money to gamble could lead one into, it's very risky and should be avoided since there's no guaranteed profit in it. You'll be suprised to know that banks and loan companies do help advice people through ads on taking useful stuffs bit out of frustration they'll decide to risk doing otherwise. |
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One of the reasons why most newbies fail in their Bitcoin investment is because they often invest money they can't afford to lose or also invest money that they may likely need in the near future. Doing this can easily lead to them selling their Bitcoin at the wrong time.if the Bitcoin market doesn't move in their favor and the time comes when they need the money, they are left with no option but to sell. This can result in them selling their Bitcoin at a loss possibly even lower than the price they bought it for So, it's better for anyone to invest only money that they can afford to lose and that won’t lead them to sell their Bitcoin prematurely.
Some people don't really understand what Bitcoin investment is all about before going into it, they feel it would make them very rich quick not knowing that they'll have to be very patient for a longer period before they can profit from Bitcoin investment. Also, they don't actually know the actual money they'll use for investment that's they invest the money they'll use in the near future not knowing that they needed to separate their discretionary from their income and use for investment, if you'll think about it you'll understand that it's lack of understanding that make them investment in bitcoin wrongly. |
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