There are some countries that anyone that is above 18 are considered as adults but they do not allow them to gamble until they becone 21. Although the age is 18 years in most countries but there are many countries that it is 21 years. Anyone that is not working but receiving money from their parents supposed not to be allowed to gamble until they begin to work. That is the right age to begin gambling, when they start making money themselves.
You are right. There are people who dont see 18 as being an adult honestly. When I was 18, I can remember being restricted to so many things, especially going to parties, staying out all night and gambling. However, my point is 18 is a general age that is considered to be an adult. As a parent you can decide that 21,25 or even 30 is the age you can let your child make certain decisions on their own, that is also fair. Actually, it is done in line with the society, if you look at it closely, you can understand that there are many families who still keep their children above 20 years of age under control, they cannot stay out at night and come back home by evening, this has made them very disciplined, again there are many societies where children aged 17 to 18 stay out all night, basically they are disobedient to their parents, or there are many families who do not keep an eye on what their children are doing, even if they are out all night, they do not worry about anything. I have seen these in reality where their thinking changes with the situation based on the society and the surrounding environment.
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Yeah, “responsible risk” makes sense to me. For me it’s about setting limits and knowing when to stop. Honestly though, I think only a small part of players actually manage that.
Yeah you are right, only a few people really manage that because it is one thing to set limits and another thing to actually stick to them… Most times when emotions comes, whether it is the rush of winning or the frustration of losing, people forget the rules they set for themselves, and that is where the danger starts. The only way it really works is if you see gambling as just entertainment and not a money making plan, that way it is easier to respect your limits and stop when you should.. Gamblers forget the rules they've set themselves because the games gently force them into a good mood when they win and a bad mood when they lose. And this inevitably leads to emotional reactions. And when a person starts making decisions with their heart rather than their brain, money loses its value. Sometimes, gamblers on winning streaks like this even start jumping around like monkeys during their streams, even though half an hour earlier they were level-headed guys. Because of this reaction, a gambler often loses control over himself, he becomes overly greedy or overly emotional due to losing or winning in gambling, due to which he cannot make the right decisions and forgets his limitations, when a person starts making decisions due to emotions, he does not think about the consequences of his actions, he does not even think about how bad his situation can be as a result, ignoring everything, he starts making decisions emotionally, which ultimately puts him in a situation from which he cannot get out normally. Therefore, one must maintain self-control, an uncontrolled attitude will only bring destruction, so it is necessary to be careful.
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For me age doesn't matter and what should be looking at is how mature and stable one could be to control herself towards how they sees money and gambling.
Yes, age is not important but how mature someone is. But age is still important when discussing about underage people. People that are below 18 years of age should not be allowed to gamble. Even if the person is having a gambling mature mind before he or she turns 18, he should still not be allowed to gamble. I agree with you age is important perhaps we already have a government regulation with a certain age requirement and where this age is considered or echoes for taking responsibilities of actions, we already know that age is a number but at some point it comes with wisdom and knowledge, and maturity becomes a thing of the mind, any one within 18+ that are making their own money should gamble and be ready to take responsibilities for their actions while anyone below the required age should not gamble that is my own judgement just as the same as you. Maturity is very important in managing gambling activities, one must keep oneself responsible and make the right decisions in any situation and for this one must be an adult, when a minor gambles, he will easily get deeply involved in the temptation of gambling which will make him addicted, because he is a minor and unable to make the right decisions. Therefore, it is important to follow this age guideline, no one should be allowed to get involved in gambling before becoming an adult, because this will lead to a very bad situation for his good future.
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This means that buying at the time when the price is on the increase is not wisdom
I disagree with you and if I may ask when do you think the price of Bitcoin will increase? Doesn't it mean that if Bitcoin should surge or skyrocket to $500k investing in it will be lack of wisdom?. An investor doesn't care if the price of Bitcoin is increasing or not because the DCA method is there for them to accumulate Bitcoin whether increase or decrease and i want to believe this statement is for people that trade Bitcoin and not for investor because investor doesn't have any problem with Bitcoin increasing rather it is only traders that does because they only focus on entering at the low price and hoping to sell when it appreciate. I agree with you, an investor doesn't care about the price of the bitcoin before they invest because there is a method that can be used without feeling any pressure about when the price increase or decrease, anyone thinking about the price of bitcoin before investing will find it difficult to buy bitcoin because they will always want the price to drop before investing, and that will affect them because no one knows when the price will drop, the price of bitcoin is unpredictable, the price can drop at any time or rise at any time. The DCA method has shown to be the ideal way for investors to accumulate bitcoin without having to wait for the perfect time to buy bitcoin, only those who don’t understand bitcoin will choose to wait for the right moment before buying bitcoin. And this is why the DCA method is considered the best and most effective method for investing in Bitcoin, an investor should never wait for the right time to start investing in Bitcoin, because he will never find the right time, but as a result he will only miss more opportunities. The right decision is to invest consistently, regardless of the market fluctuations. if you wait for buy a little dip, then you will miss more better opportunities to buy, because you will wait for the price to decrease, but the price will rise even higher, and this is the volatility and uncertainty of Bitcoin, so such decisions should never be made, be consistent in investing without worrying too much about unexpected market fluctuations, then the portfolio will continue to grow in the most advantageous way.
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Exactly man, that is the whole truth. Borrowing to invest in Bitcoin is like putting yourself under double stress, one from the loan and one from the market. Even if Bitcoin has long term potential, no one can guarantee short term profits, and loans usually don’t wait for your investment to grow. That is why it is always better to use money you can afford to lock away for years. If someone really wants to succeed with Bitcoin, the key is patience and consistency, not rushing in with borrowed funds and hoping for a miracle..
If a person takes a loan to invest in Bitcoin, it will not be bad, but it is important to consider whether he has the ability to repay the loan. There are good and bad sides to investing with a loan. If a person takes a loan to buy aggressively, he can accumulate a large amount of Bitcoin in his portfolio with a small amount of money. If a person is not in a position to repay the loan, then he can find himself in a very bad situation, such as having to sell all his holdings at a loss, etc. So, before taking a loan, a person should think about whether he can repay the loan or not. If he can repay the loan, then he can invest with a loan, if he does not have the ability to repay the loan, then taking a loan is never right. If you take a loan just to buy a big chunk of Bitcoin, you’re adding pressure on yourself. Once the price dips, you’re stuck with debt and can’t take advantage of the lower levels. That’s where DCA works better, because it spreads the risk and lets you keep buying no matter what the market does. Even if it feels slow, the consistency pays off, while loans only tie you down with repayments and stress. In the long run, steady stacking always beats chasing shortcuts. Investing with debt is not absolutely prohibited, if there is a different ability to repay the debt, then investing with debt can be done, but we should ignore it unless it is necessary. Because it can create different panic in each person, which can be the reason for his investment to fail, keep investing through DCA within the ability, then it will not give you much financial pressure, because you are investing money that you can afford to lose. Therefore, it is necessary to understand these necessary things well and invest, Bitcoin is a very volatile asset, so if you have a panic attitude here, the investment will fail very easily, so do not invest in something that is beyond your ability.
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If you are able to master the market , trading can help in bringing financial freedom. But is quite difficult to be profitable in trading , and one need a good strategy too but becoming successful in trading is not about strategy a alone you have to be disciplined and know how to differentiate low probability trade from high probability trades.
Becoming profitable is like the destination and the learning and struggles is the journey we just have to be ready when taken the path many trades but only few are profitable.
Therefore, we conclude that trading is not meant for everyone. Some may succeed, but it's not too easy. And we can say that before we traded, we didn't expect to master the market instantly because even those who have traded for many years still struggle to get a favor. While the market remains volatile, everything is always surprising, and that is difficult. And we have to know that trading not only requires knowledge and skills but also some luck. If we see a trader become successful, it means that we can have the chance, yet that only depends on how we work on it. Trading depends only on experience, skills and research, then you can make decisions by observing everything deeply, only then you can achieve success here. The one who has the most knowledge here achieves success here, so it is not possible to succeed here without knowledge, this is not a place of emotion, decisions have to be made with reality here, the market is very volatile, even very experienced people often face losses here, so it is not realistic for beginners to expect success easily, they should first think about making themselves experienced here, because without proper education it is impossible to survive here.
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I think borrowing to buy Bitcoin can work for a few but it’s a huge risk if your income stops or the price drops. The safer way is to build an emergency fund first and only invest truly spare money with DCA. That way you won’t be forced to sell at a loss when life happens.
It is very wrong to borrow money to invest in BTC and still expect to pay back your loan from your bitcoin investment. If you have other alternative you can pay back your loan then you can borrow provided you can pay back before the agreed date no mater what bitcoin present to you. There are people who borrow money hoping to pay back when the sell little of the their bitcoin i don't consider this as investment but trading and gambling because bitcoin is not for short term and the market is also volatile. Taking out a loan for Bitcoin investment is very risky, especially if you do not have a separate reliable source to repay the loan later. You can never decide that you are investing by borrowing, after which you will earn a profit and repay your loan from that profit. If you have a separate capacity for repay that loan, then you can invest by borrowing. Market fluctuations are natural, so investing with borrowed money means creating additional pressure on yourself, especially if you are easily too afraid of volatility. Bitcoin is a volatile asset, and it is a long-term investment, so if you want to invest here, you must invest with mental preparation and a long-term mindset, because it can only bring good results in the long run.
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There was a reason they said we should use what we can afford to let go in our Bitcoin Investment and there is also a little risk attach to it and so saying success is guarantee in Bitcoin investment is what I don't really agree 100 percent because there is no investment that is guarantee because if it is guarantee I doubt we would have been advised to use what we can afford to let go but regardless I believe in Bitcoin and I know it will do great in years coming but that doesn't mean it is 100 percent guarantee.
Yes, in investment of course there is no such thing as a 100 percent guarantee of success. So it is certain that the risk will remain even though the asset is bitcoin. So with that, we should not be rash and put all funds into bitcoin. Because after all such actions are really not healthy at all. So investing in bitcoin using discretionary funds is the most appropriate thing to do. Because by using discretionary funds when investing in bitcoin, the first thing you will feel is that, we will not worry about price fluctuations, then it does not interfere with our lives financially, and that's why we can hodl bitcoin in a longer period of time. Nothing in life is 100% guaranteed that it'll be perfect or work out exactly as we planned it yet we continue to make plans for the future. If we keep focusing on negative enegies we cannot achieve anything meaningful in life. Coming to Bitcoin investment I believe that it is safe to say that it has potentials to always reach new ATH, if we're judging by it's performance since it's creation we can say that it's a store of value. Bitcoin was created to be a scarce commodity and that is why it has limited supply. As it's adoption is increasing and holders are willing to hodl for the long term, the effect will greater demand over supply. With this analysis in mind we can have the believe that Bitcoin will continue to be profitable in the future even though nothing is 100% certain that it'll happen as we planned. Nothing in life will ever happen 100% as we plan, everything is uncertain and depends only on possibilities, risk is present in everything, but we have to deal with this risk, we have to take risks, and through taking these risks you have to gain the opportunity to achieve success, only then can it bring you effective and successful results in the future, we should be aware, risk is present in everything, but this does not mean that we will stop making plans or investment decisions for the future, we only have to decide to invest by believing in the possibilities, if we move forward with the right perspective and positive mindset, there will be a possibility of getting good effective results in the future.
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gambling is a risky activity so before entering you should have that kind of mentality that you are capable in acccepting the blame.
We as experienced players know how to deal with that kind of thing, in this case players must consider that if they lose the responsibility is the player's , the casino does not Demand how much to play , nor does it force people to force, there is no blame, only the players' fault, that is what really happens , that is why we must recognize that every act that must take place in the Casino is always our Responsibility. We just need to be a truly conscious persons and demand strict discipline from ourself. It's very difficult to be strict with yourself; it's very hard. We easily criticize others, but we try to find any way to avoid criticizing ourselves. Both gambling and betting are hobbies that are excellent at testing our inner qualities. Gambling is not for everyone, it is for those who are ready to control their personality. The biggest responsibility in gambling is to maintain self-control, an uncontrollable person in gambling will always face big losses, so this uncontrollability towards oneself should be overcome as soon as possible, otherwise it will be harmful for you. A gambler often loses, but instead of learning from those losses, they become more emotional, and this is their biggest weakness, at such times one has to be responsible towards oneself and give up gambling, only then can it avoid major disasters, those who know how to accept their limitations and make discipline all there activity, they will never be addicted to gambling.
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I never thought that a strong team like Liverpool would perform so poorly against a team like Galatasaray, Liverpool really disappointed everyone in this match, at least no one ever thought that Liverpool would lose the match to Galatasaray 0-1, they had only 4 shots on target in the whole match, and they couldn't score any goals, it was very disappointing, Galatasaray scored the first goal in the 16th minute, but despite the goal being in the first half, Liverpool couldn't get back to parity in any way, it was a very unexpected and weak match for Liverpool, they should now prepare themselves better for the next match.
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Today's first match of the ICC Women's Cricket World Cup is being played between India and Sri Lanka. India scored 269 runs in 47 overs. 269 runs in 47 overs is not a difficult task, but Sri Lanka's batting performance is very weak. So far, they have lost 8 wickets in 43 overs and scored only 200 runs. Now they need 71 runs in 4 overs to win. With Sri Lanka's performance, there is no way they can win the match. They can score a maximum of 30 runs in 4 overs, but they will not be able to score 71 runs. India won the match, 99.99%.
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In today's match between Kairat Almaty and Real Madrid, Real Madrid's performance is very great, they are putting Kairat Almaty under full pressure, Madrid is very great in everything, they are attacking very well, Kairat Almaty is very weak in front of Madrid, Madrid's first goal was in the 25th minute which was scored brilliantly by Kylian Mbappe, the first half is over, their score is now 0-1, Madrid was very great offensively, Madrid will win the match very easily, because Kairat Almaty is very weak to them.
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We all make wrong steps, and it is a natural step in the process. We may not manage our situations effectively but we have control over the way we react to them. People should respond to this example by saying that all battles are distributed by our capabilities because through that, there is a power, which can be unlocked only under a set of the circumstances when everything gets really hard. There is no need to reject pain or disappointment rather in the process we can gain insights of resilience, patience and hope. I think that we must accept the bad moments as our lessons, then, one day we will trace back our difficult moments and hopefully resort to these moments with thankfulness as they bring the power of determination and courage which strengthens our steps.
We are people who will always exercise responsibility for everything, Casinos are where we must be most efficient in managing our money and be responsible Every mistake we make at the casino is not the casino's or anyone else's fault, it's our fault That's what we must determine There's no other way; looking for excuses isn't appropriate. I agree with you, when a gambler faces a big loss in gambling, it is completely the gambler's fault, because why would he gamble with such a large amount of money beyond his ability? He could have stopped if he wanted to, but he didn't, and he faced such a big loss because of this mistake of his own, so you should always keep yourself in control when gambling, if you lose your control, you will face a big loss, it will definitely happen, so you should maintain awareness when gambling, and give the utmost importance to limitations.
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if it's all about making money that means that we can become addicted.
Yes, and that is awareness, becoming aware because things are not so easy when it comes to money, to earn money you have to work hard and in casinos things are not so easy, for me things should be done in the casino with great Moderation and not jump right in with the emotions and the dynamism of winning, because things cannot happen and that is a big blow. Winning gamble is not about how smart or how wise someone is because everything in Casino is mostly about chance and luck and that is why one should gamble knowing that winning is under probability but loss is inevitable because how matter how one try they can not run away from loss. We should gamble with what will can lose so that loss won't make us want to get what we have loss, anyone who used what they can not afford to lose will definitely go after their loss and it is wrong way to go. And this is something every gambler should understand and follow, gambling is a game of luck, so it is completely foolish to be too confident here, you think you will win the next game, but you are basically on a losing streak, you will keep losing and keep gambling more in the hope of winning big in the next round, and in this way your losses will only increase. So you have to be realistic in your thinking and actions, and be responsible in terms of financial management, those who are irresponsible only exceed their financial limits.
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The whole idea of responsible risk is just about setting limits and sticking to them.. It is not about avoiding risk completely, because gambling by itself is risk, but it is about knowing how much you can afford to lose without messing up your life.. Sadly, most players don’t play that way, emotions take over once they start winning or losing, and that is when the line between fun and destruction gets crossed.. Personally, I see responsible risk as the discipline to treat gambling like entertainment, not a financial lifeline…
Once the risk is moderate and is in check, you are doing it responsibly. They say take risks, but take the one that will put you in a tight situation. If the risk is too risky, you avoid it. Gambling is not risky when you place bets with amounts you are comfortable with; it starts to be risky the moment you start to place bets on high-risk games with higher amounts above your regular wager limit. Everything should be done within your means, you take high risks, but if it is within your means, then it can be called responsible gambling, but whenever you go beyond your means and take even a small risk, it will bring about a worse situation for you, so you have to be responsible and limit the bet amount to your means, do not do anything more than you can afford.
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The feeling of anxiety mostly set in when people are not sticking to the best gambling practices. Gambling with more than we can afford to lose, the feeling will definitely set in as a result of the fact that we have failed to stick to the best gambling practices. Also having a proper knowledge what gambling really is, will definitely help alot in controlling one anxiety and it will also make us to take inform decisions when gambling.
That's right, if we have little to nothing to lose when we gamble, it's almost impossible for anxiety to set it. Yes, it's true that humans tend to feel nervous and anxious when things aren't really going the way they expected them to and this is just a feeling that is very natural, but when we take too much risk, the anxiety can increase drastically and maybe even to the point where we can't be able to control or stop ourselves from making impulsive decisions that may most likely inflict more damage or losses to us. Yes, when the risk is big or the probability of losing is high, the gambler's anxiety increases a lot, and this is the main reason for the lack of control, these are very harmful decisions, I don't understand why people continue to take more risks here even after losing their money, in fact, these are due to their emotions, and this is why limits in gambling are a very important thing, you have to decide to gamble here by understanding your financial tolerance, once a person crosses his limit, it will start to be seriously harmful.
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The match between Barcelona and Oviedo was definitely good, Barcelona performed a bit weak in the first half, they didn't attack much, where Oviedo scored a goal in the 33rd minute of the first half, but Barcelona really came back in the second half, Barcelona scored their first goal in the 56th minute, after that Robert Lewandowski came on the field in the 66th minute and immediately after that Lewandowski scored a great goal in the 70th minute, after that Barca scored another goal in the 88th minute, but overall, although Oviedo tried to do a little better in the first half, but they were under a lot of pressure in the second half, Oviedo was very weak in all aspects, where Barca was very good in all aspects, including attack.
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You are right. Some gamblers will not change their game strategy and will continue to play as they please. They will not accept your advice even if the chances of losing are high. Your ability increases responsibility. If you are not aware of your responsibility and keep playing with the expectation of more double profits, it will make you greedy and it will become addictive. Gamblers know what they are doing but if your advice saves him money and he becomes responsible in gambling, it is positive for him and you are only warning him to be an ideal gambler.
Every gambler knows what is good for them and they should be allowed to do what ever they please because if they still end up going broke on the process of chasing gambling profits, they will still have their selves to blame. I am glad that I realized that gambling is not meant to be a source of income because if I was bent on believing that I could achieve something big with gambling, I could not have been here. You make a good point. I see a lot of people folks who treat gambling like some sort of a shortcut to financial success, and this is exactly where the real damage starts to happen. Gambling was never designed as an option for those who are looking for a source of income, according to the house edge, majority of gamblers are bound to lose overtime while a fewer gamblers would win. It’s true that everyone has the right to make their own choices at the end of the day, but it’s always crucial to be responsible with whatever choice you plan to make, because if you start chasing profits and losses and eventually go broke at the end of the day, you’ll blame no one else but yourself. If someone thinks of gambling as a way to earn money outside of entertainment, that is the beginning of the biggest mistake, and from this stage a gambler starts to become addicted to gambling. Here we have to remember that in the long run we will never be able to benefit from it in any way, so it is never right to expect success here, here the profit or loss is entirely yours, so it is your sole responsibility to limit yourself for your financial security, so be aware and be careful, because it is very tempting.
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Bitcoin has been moving strong this year, and some people think it might hit $150K by year ending, irrespective of the recent fluctuation. Do you believe it can really get there, or it's just hype?
Bitcoin still has enough time to achieve that $150k price target. We have about 4 months for the year to come to an end, which is enough time for Bitcoin to reach $150k. It's as simple as that, but nothing is certain; it might still not happen, and even if it doesn't, we shouldn't be disappointed. After all, it reached $120k when most people least expected it. I agree with you, as long as we still have time to end this year, it is quite possible for the price of Bitcoin to exceed $150K during this period, although we cannot say anything with certainty, but we must maintain positive faith in Bitcoin and continue holding it consistently, Bitcoin always moves forward with uncertainty and great potential, so nothing is impossible, we should only hold Bitcoin, only then can it bring something good, because Bitcoin can grow over time.
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No body is sure if bitcoin will reach $150k before this year ending but it is possible that bitcoin can reach that price or may not reach also and as we can see the price of bitcoin has been increasing and there is a believe that even if the price didn't reach $150k before december ending then we will surely see it in 2026. Let's skip focusing on the price of bitcoin and buy bitcoin make a long term plan buy weekly or monthly bitcoin price will do more better in the future.
No one can predict Bitcoin with certainty. However if you look at its historical price movements, it could rise as you imagine, or vice versa. One thing is certain, Bitcoin will continue to rise because it is an asset with long term fundamentals, and the good news is that many countries already view Bitcoin as valuable. When investing in Bitcoin, it's best not to worry about the price, especially if you have a target for the end of the year Bitcoin will reach your desired price. What you need to understand is that the market doesn't follow you the market will move according to demand and positive news about Bitcoin. Instead of worrying about the Bitcoin price at the end of the year, it's better to continue buying Bitcoin using DCA to hold it for the long term. This will be more beneficial than predicting the Bitcoin price for the next few months. Worrying about the price of Bitcoin is completely unfounded, it may decrease for a short time due to volatility, but we should take advantage of that time to accumulate more Bitcoin, keep buying Bitcoin continuously and take advantage of the opportunity to buy dips during each volatility, just like if we are talking about this stage, the price of Bitcoin has now dropped quite a bit due to volatility, at the moment the price of Bitcoin has dropped to $108K, but a real investor will never panic because of this, rather at this time he will try to buy more, Bitcoin investment must be maintained consistently, so that the holding at the average price continues to accumulating, and at the same time, take advantage of the opportunity to buy dips if you can, so that you can accumulate more Bitcoin at a lower price. We always think positively about Bitcoin and everyone should do the same, have faith in Bitcoin and maintain a long-term mindset with it, this will only bring success in the long run.
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