Investing is not gambling. In fact, if we invest carelessly, it is usually called gambling, but not in the true sense but only as a parable. Gambling is a game that involves risking money or something that has value and in reality it is very different from investment, and a ponzi scheme is a fraudulent motive that is usually affiliated with an investment motive, and I do not call it gambling but investment fraud
I never try to deliberately invest in something that will most likely be a scam in the future, but because you are ready for the risk and have good analysis before investing, then this is not a problem. But I like your way of managing risk
That's a very reliable fact,investing can not be gambling and the other way round,the risks from investments and gambling are equally not the same. Investing is a great way of building and accumulating wealth,meanwhile,gambling has its way of making people benefits from it's games which I clearly don't have a solid understanding. The problem people have is in their awareness and understanding,gambling and investing should mean different things to different people,the truth is that we still have people that mispractices these financial services. |
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From the title of the topic it's clearly that I'm someone who considers gambling a fun activity but I can't ignore the fact that for some people gambling is quite profitable as well. I'm referring to very lucky ones as that some people because most of the gamblers get inspired after hearing their stories.
I've made some profitable bets especially in sportsbook but I won't consider those much profitable because the bets I have placed were of low value and that's why the earned profit was also low. Most of the profits were with very low odds and that's why I just ignore those profits and enjoy the fun part of gambling.
I must say that I'm not among those lucky ones and haven't yet made huge profits in gambling but I want to know that do we have some of those lucky ones on this forum who have made exponential profits in gambling? If yes then kindly share your gambling story to inspire others.
Gamblers,despite their losses would still want to engage more and more in it,its no doubt's that its a fun activity or its supposed to be a fun activity;and its got the potential to be profitable "Sometimes."That's the more reason it should be treated with understanding and analyzation. Consecutively,not all gamblers consider gambling as fun.Initially,gambling for fun wouldn't put you into so much risks and losses,together with the intentions and thoughts of fixing the aftermath of such damage.A fun gambler is supposed know that gambling for fun ends for with fun.If Gambling is a game,then not all games should come with losses. If you want something profitable and productive,then its not gambling. |
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There is a current trend in my country where parents are doing everything financially possible to give their children the best education. Some parents have gone to the extent of selling properties or taking loans to send their children to some of the best schools in and outside the country. I have spoken with some of them, and the reason they give is that this child will get good jobs and take care of them in the future.
I had to bring up this issue because most of them are becoming disappointed and depressed. In my location, children are seen as an investment because they have the responsibility to take care of their parents when they are retired, old, or unemployed. So parents will want to invest high in education because they think it will bring high returns. Many of these students who attended prestigious schools end up becoming unemployed and are still depending on their parents to survive. I also assume that many of them regret going the extra mile to give their children the best. They have lost money and are also in debt but their children are still dependants.
Do you think parents should have a limit on the amount they can invest in their children?
I think it depends on the financial goals and management skills of the parents,not all parents are been intentional these days concerning investing in their children.Every parents would always want the best for thier child/children and most times things don't always go as planned for them,either financially and taking on with other responsibilities. Saving for your children helps you to prioritize financial goals and develop a disciplined approach towards to savings that'll align with their long term goals in relation to maintaining financial security. Education of children entails so much responsibilities and educational expenses,like tuition fees,books,extra-curricular activities e.t.c Savings and investing for the child's education leaves you without restrictions and exemptions. |
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In fact I was very angry when shuffle refused to re-open my account. But it's Ok it's on the TOS. I talked a lot of shit to staff members, but who hasn't gotten frustrated and angry? Online casino team members should be prepared for this type of behavior. But that's not the reason to leak my information to others users. This is very serious.
Wow wow wait you said your information was leaked and even a picture of you,are you sure about this cause I don't think shuffle casinos will want to expose or leak out users identity or information,cause they prioritized on keep user's information private and safe from hacks and scammers, so I don't know if your just trying to create a content with this thread cause it's obvious and your thread should have contained pictures or evidence of the information leaked. |
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Reading about gambling addiction I don't think it's a new topic, but fitting to be in here, I just want to ask: between casino gambling, in-house gambling, and one-on-one gambling with physical players available on the table, which among these is more likely to turn someone into a gambling addict if the person doesn't have self-control in all his gambling activities?
Gambling is gambling regardless of what type people are into. Becoming addicted to gambling has one denominator and that is to chase those wins. Sports betting, slot games, roulette, card games, physical gambling, and any form of gambling, since these activities can give gamblers decent money in return, that's where it becomes addictive. However, instead of winning, losing always happens and these gamblers don't realize how much they are losing now just to chase that win. The continuous attempt to chase that win is now the start of becoming addictive to gambling. Exactly a good one at that,most gamblers are not aware that their continuous habits of spending money,chasing after loss and craving for bigger wins is what results to them becoming addicted gamblers and like you said Gambling is gambling be it of any types but it's the indulgence of it that results in one being addicts it doesn't literally mean land base or any of that as far as you spend an amount unwisely and lose to it and you keep doubling it for wins then your categorized as that. |
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Wow I really haven't come across a gambling activity set up that is based on an autonomous car racing, but it will be very nice . Some gamblers like to try out new things and as long as casinos make it nice and interesting, gamblers will definitely like to try it out. You will even figure out that over time gamblers will begin to like the game as long as it's interesting and they are able to analyze it.
If you observe different types of gamblers have their likings in different gambling activities. Some of them like games that are more of analysis than luck and sometimes it's because they can easily have an edge of experience over gamblers newer to that particular gambling activity.
I tell you,you've really spoken my mind on a large extent and I want to add that that's how some gamblers feel and I really like analytical skills that enables one think out of the box on what to do. And I think the rise of this autonomous car racing Will be of Good making it suitable for gamblers to experience another phase of gambling with enthusiasm and so much fun. |
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Gambling thus requires three elements to be present: consideration
(an amount wagered), risk (chance), and a prize.
I noticed that people now don't actually know their main points of them gambling, some people gamble to earn daily and some people just gamble cause they saw their friends won in gambling. That's how they develop their gambling lifestyle and from their they get addicted to it. I've over heard people complaining about them losses, for me I think they don't know the main points of gambling. What do you think about this people losses much? Does it mean they don't know the main points of gambling?
Well I would say main points and main reasons for gambling are somehow interwoven but are to be used on different categories,cause if you're to say the main points of gambling should be something one needs to pen down or jot for easy access and that should be for fun as it is a game but tend if your to say the reason for gambling , people gamble for money like to double their income and all that,to win and loss which is the order of the game. So I believe I'm making sense with this. |
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I don't know if such thread has been created already but there was a news that was trending some weeks ago about a man who won #14million Naira which is equivalent to $10k and was logged out of his sport bet account, he tried severally to access his money but didn't Work out. he sent the Sport betting site a message but didn't get a positive feedback so he had to come out publicly to explain his predicament on air. Below is the link Man logged out of his Sportybet account seeks access to his N14mMy question is has anyone of you been in such situation before? And how were you able to handle such situation? This is really sad oo after making such money now the betting sites have log him out that's initially bad,I fell for him tho,it's just like having money in your account and then your been told it's locked it's so painful. Have not had such experience or encounter before and I don't pray to have it cause it will definitely distabilize my mental health or is it that the sites want to share the huge amounts with the Man. Sometimes hackers might be the one at it. |
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I feel so bother and that is why I decided to ask this question.
We keep talking about gambling addiction and how bad it is to become addicted, does it mean that addicted gamblers lose money all the time? Do you means those guys doesn't win anything at all? Can they not be lucky to win jackpots?
On this board, we are always referring addiction as a terrible thing but does it mean that those addicted gamblers doesn't win money, are they only bounded to losses upon losses?
Being addicted means alot,it means loosing on something or winning as well but literally being entitled to a particular thing that pushes you to take some certain decisions and steps just to keep it going. Being addicted means you're into doing that same thing whether it brings you negative or positive outcomes.so for gamblers to be addicted it means they don't give up the fact that they want to make huge amounts of money with or without the losses generated and they can go extra miles to make sure they keep to track.so loosing money varies. |
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Well, I believe that both Greediness and Gambling Addiction make our lives terrible. I was thinking about which one of the two reasons causes more disastrous in our life both in terms of mental health and finances.
It would be the base of experience or just purely an opinion but for me, Greediness is something that would really make us cripple.
"I want to bet more and more in order to win more. I will sell my properties so I can bet huge. " Greediness mindset keeps on the winning side, not satisfaction.
But addiction is a little disastrous, why? Because they can be satisfied with betting a small amount, at least they can gamble.
However, both can possibly happen in our lives when we can't control our gambling habit anymore. I prefer not the two but in this situation, I prefer to be just addicted rather than be greedy.
Gamble Responsibly...
I think the both work together cause that's what pushes them to a non-stop Gambling of no wins,Is greediness that birth addiction in a gambler's life and makes him crave for something bigger not knowing it requires Patience and it's what makes it more disastrous.. An addicted gamblers can tend to slow down on his habits provided he has made so much losses but a greedy addicted gamblers will do the reverse. So for me I think both shouldn't be found in a gambler cause they are more disastrous than anything. |
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Even if the money is stolen, they will not care to know the source of money, not to talk of it come from gambling or not. Only what that would be in their mind is that they should get the money and use it for the important thing they need it for. I know life and I know how people behave.
Mmm well some people's believe can sink deep into them that even in their last state of survival twgey would refuse such help cause they think it's sin and and an abuse to their believe.i know definitely what I'm saying I had this neighbors that are so confidant in their religious beliefs that anything gambling or alcohol is a sin to them and you that's involved in it you will be avoided. So the husband was hospitalized even to a point of debt and she don't have penny on her for them to carry on treatment in her but her brother in-law was offering her money for support she bluntly refused it even afteruch persuasion from people around.all because she knows he gambles and all that. |
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Gold is a risk off asset, Bitcoin is a risk on asset but Bitcoin is the far better asset. You will make much more profit in Bitcoin holding over the long term. Bitcoin is gaining increasing adoption & credibility within the traditional financial world so I would not bother investing in Gold because Bitcoin is far better.
Gold has been an assets for so long,but bitcoin speculators have choosed bitcoin more.bitcoin has been used over or more than gold all because bitcoin is better off to handle certain economical recessions and crisis. They both secure the same similarities,but bitcoin features and benefits relatively seems to outweighs gold in this age ranging from popularity,security,decentralization e.t.c Bitcoin's strength has outperformed gold existence,its not just that gold doesn't offer benefits or has limited growth potentials.Gold could be preferred in some cases over bitcoin,and vice versa. |
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If politicians want our vote, then we should insist that they have to commit to censorship resistance and cease all legal action against privacy tools.
You're talking about maximalists, maximalists are clearly lose here, only crypto users are win. The number of Bitcoin maximalist is really low, the proof is majority of people choose to hold their coins in centralized exchange over non custodial wallet. Even all the maximalists hate the politician and didn't want to vote him, there's a big chance he will win considering a lot people don't care with privacy and self custodial. I think maximalist will never win since year by year the government want to destroy privacy in Bitcoin. It doesn't just feel right to me no matter What they do or say,one minute they're against bitcoin,the next minute they're trying to support bitcoin...for what exactly.There a big possibility that these politicians are up to something really huge without our knowledge and they just want to go ahead with thier plans and decisions. The level of support and orderliness that the cryptocurreny community needs or deserves is been traded for their personal satisfaction.The earlier the better for these realization.. |
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At this point of time almost everyone considers bitcoin as an investment method and investment should be done only when we have met our basic necessities and have savings that can be invested with affordable risk.
So considering your friend's situation we can say that since he doesn't have a job right now, it wouldn't be wise for him to invest in bitcoin at this point of time.
If he had been earning then it would have made sense but right now the time is to find a job and then start earning and then may be consider investing in bitcoin.
He's just going to make things more and more difficult for himself even after putting all that efforts.Bitcoin investments is not quite something that you should do without proper knowledge of the understandable features. You could have options to consider,and there are risks of losses attached to it,because you could lose everything,its going to be a great loss for him to make such a wreckage. Investing in bitcoin is not for the weak,also when trying to suggest to someone to invest in bitcoin,ensure that the information don't sound coerced so he doesn't regret his decisions. |
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Different eras require different approaches to life and work. There is a ridiculous rise in cost of living today when compared to 30 years ago.
One could survive on less pay cause they had less bills to pay, housing wasn't so expensive, inflation was not this high. Fast forward to today, more people are living from pay check to pay chek, and have to find side hustles to make up the income.
In the quest for this "hustles" people create opportunities in different fields which require less time and can be done remotely.
With the advancement in technology, more jobs will become automated to fill in the gaps.
With respect to time and technological advancements,presently,70% of gen Z will switch from their jobs for a better high tech,Gen Z are willing to use technology to make their lives easier and at the same time,they value digital communications over physical jobs for a progressive inputs. Gen Z are raised with the Internet and social media,in essences,the millennial generation ignored the digital benefits and revolution that it offered or has.And its not that the Gen Z discovered or understood the importance all along.All of the revolution,application,new technology became noticeable by the time of the Gen Z;Gen Z grew up on it(Internet). Gen Z is the Internet and instead of trying to not get consumed by the pressures and threats that comes with traditional jobs offers,Gen Z eventually gets tech-savvy,security conscious,and safely ensures that thier online information doesn't get into wrong hands. |
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Hi everyone,
This is something I've been thinking about for a while now, I thought it wise to ask here to see what you all think afterall.
Anyone who truly understands what investing really is, would or will agree with me that investing in memecoin currently, most especially on the Solana and Base blockchain; have become a gambling on its own, I've tried both normal gambling, and gambling on memecoin on the Solana blockchain, and I can't really tell, which is more profitable.
What I know is that, I lost on both, I placed bets on some sports games, I lost most and won a few, and just few days, I decide to try Solana memes, I lost all the money I used as capital for buying those meme coins, I lost all same day.
So, I've brought a few questions..
1. If you are into Solana meme coins as well as; engage in normal gambling, which has been more profitable to you?
2. Assume you are not into any of the above, which would you prefer to get into if you are asked to choose one? And also explain why..
I would prefer what I know about that's normal Gambling,but aside this if I really want to try something else and see the outcome I'll choose Solana meme coins cause of recent I went through reviews about it,so I would want to lay out another strategies using the meme coin. I know I can't risk the chances of loosing but sometimes trying newthings and strategies works out real good. |
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It has become increasingly common for friends and not-so-close "friends" to come and ask me to borrow money. I don't usually ask for the purpose, but some ask me because of betting at online houses.
The last time I lent money to a colleague, who I hadn't had much contact with other than at work for a short period, it was with great difficulty that I got the money back.
I don't know where people get the amount of money they think I have, they must think I look like a bank...
Who likes having to borrow money? Unless you are a loan shark and lend with collateral where the risk is almost zero, why lend money where you end up with a loss? 'cause in addition to no one paying you with interest, most never pay you on time, at least you will get your money back after repeated charges.
Some people even go so far as to ask me to borrow money for what? to bet!! What a joke. I answer briefly and bluntly that I don't have the money to lend for these purposes!
And the worst thing is that they ask me for small amounts, like $2, 5, 10$... I think that if the person doesn't have that money now, the chances of them getting that money to pay you are low. If the person is in need, it's easier for them to confess right away to see what I can do, because I'm not a bad person.
Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?
And when they are female friends, do you lend them?
On a norms instead of borrowing or lending families and friends I prefer giving the money to them but nevertheless any one of this category that come to me to lend some amount of money I won't do it cause my first question would be what the person intend to do with the borrowed money,but luckily for some if they hide the fact that the money was for something else I give it to them but if it's for gambling I give nonear to that. I said it in a thread like that when a friend visited me and asked for an assistant little did I know it was for gambling,it got me so annoyed,so I frown against lending money to anyone that use the money borrowed for something like this. |
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Do they make more profit than digital banks, CEX exchanges, etc.?
I will say they are because online casino are able to reach a lot more range of users on the long run. Most online casinos are easily accessible with nice odds and so gamblers who understands how they work would rather prefer gambling online than going for local betting. Loca betting requires physical activities and one has to monitor his game up to the winnings so he won't b cheated. But online casino all you do is play your game or place bets. So all these put together would drive more users to the online casino making them more profitable. They are very profitable but not the only profitable digital business,cause there have been a rise in different digital business but online crypto casinos tend to top cause if their efficiency in various aspect whereby making it easier for for smooth and effective access to the sites and all that. And they are more profitable cause of the wide range of users that gamble's online. |
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Are gambling addicts really that open to talking to people? I have only been reading about gambling addicts stories online and have not come across any one that comes out to talk to me in the open; even the guys whom I suspect to be addicted to gambling don't even admit to it, talk more about sharing their pains with me.
If any comes to me, I will definitely still reciprocate the same advice that I share here on the forum with the person: either they seek professional help or he should embrace his family more, as they are the only ones that can render him the help he needs and distract him from the addiction a bit.
Alot of people tend not to Open up sincerely speaking to share their ordeals about gambling cause they feel they would be criticised,and it's fear of being criticised that makes them unable to err out their feels but in a nutshell I see this this as a priveledge of educating them in the advantage and disadvantages of gambling cause alot of gamblers were not given orientation of how things are done and they end up becoming addicts regretting their decisions. No one has ever walked up to me but I was priveledge to talk to a friend that came begging for an assistant to gamble with,I was so vexed when I discovered it and sat him down and talk to him at length and tell him all he needs to know.so definitely it turned out good that now he's limited his habits of gambling. |
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~snip~
You forgot about banks my friend! The most important part of the capitalistic economy we're in right now! These fuckers literally make money out of nowhere, something these hedge funds or whatever you have listed here couldn't do even if their lives depended on it. And how do they do it? With debt of course! They give out loans to people, which they get the capital to provide loans for from people who entrusted their money to them, and they put out a little interest (a massive one really let's be real here) on top of your loan to scare you into paying them. When things fall into place and you do pay them out, the money you got loaned which is really their customer's money is given back to the customer, giving them a teeny-tiny portion of the money they just loaned out, and they take the massive interests they made you owe, which is already money materialized out of nowhere. That's why in court orders and stipulations, where the debtor couldn't buy out his whole loan, the court declares you not debt-free, but only interest-free, they literally know that interest is money made out of nowhere and in worst-case scenarios just asks you to pay what you really owe. Plus banks grown in a capitalistic setting is just too big to fail, that even if they do fail, the government is obliged to help them no matter what. Just look at what happened to SVB last 2022, they got bankrupt because of their stupidity, and instead of wallowing in their own shit and tears the government intervened and provided them with money, no questions asked. Isn't that just downright fucked? Banks are also responsible for this economical factors affecting the economy.The banking sector is vital to the U.S. and world economies at large.Banks failures has lowered the confidence that people have in the financial systems whereby laying a decrease in the economic growth. Banks are regulated by the governments and so they're in charge of conducting various monetary policy and financial marketing activities. |
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