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I will say online casino is among profitable digital business, buy that does not mean they make more money than exchanges, digital banks. This casinos operate on people's psychology and we must also understand there are still majority who don't get involved.
In terms of profitability I would say we look at it from the angle of reputation,customer base and how frequent people visit. Because online business models depend on branding, there are still some online casino that people do not know about because they lack exposure or poor branding.
This is just a coin being tossed that must first be check specifically not in generalization.
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Be it Male or Female, I cannot borrow you money for the purpose of gambling. That will be very dumb of me, and a very stupid ideology from both parties.
Giving is subjective, you can borrow money to a liability which you ain't sure if you are getting your money back within the stipulated time because the money is not put to use creatively.
You do not have to go against your own will just to please some else wether family, friends, co-worker,etc.
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One of the most important factor in sport betting is following our own personal rules, not jeopardizing it for anything. Confidence in gambling has to be whatever outcome I accept be it win or loss. Once we can shape our minds this way, we would be okay either in a winning or Lossing situation, because nothing is guaranteed.
You just place your bet, and ensure you stake the amount you are willing to lose and relax for whatever outcome.
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Addicted gamblers win, the concept of addiction isn't about them losing all the time but the lack of control and ability to resist gambling urges most at times ia the problem. We must understand psychological Dopamine rush while gambling is high in essence the brain seeks such every time which is the primary problem. I'm gambling there is always a win and loss, such that the odds of winning is less compared to losses and gambling is not programmed either for gamblers to win.
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Try exposing the kid to altcoins first if you don't like him expose him to BTC yet. The kid will learn more about how blockchain works just as how BTC works. He will still learn about BTC even when he isn't holding Bitcoin.
No need to expose the kid/teen to altcoin first, the teen need understand about Blockchain and Bitcoin in particular. Teach them while they are still young, no need to hide the information from, the subject Bitcoin isn't a new concept again even the younger generation now do transactions with it and have more exposure than some of us. Financial Knowledge is very important and the best means is incorporating the idea into our children at early age, no need to talk about patience and the likes OP, those are secondary with your guidance and primary information they will stick to it. The attributes you mentioned, some investors don't have, overtime all will fall in place. The last thing I will do when I have kids is to shade them away from Financial and Relationship Informations. |
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Looking for ways of doing affiliate marketing and getting paid in crypto for it. Tried looking for information about this on the Internet but didn’t find anything. Any Information on this topic will be useful
Nice idea. If I may ask is it the conventional Affiliate marketing were you sell other people products in exchange for payment (but you want it in crypto) or Promotion for exchanges. The only way I suggest is Promotion because Affiliate marketing do not really work in the crypto space but promotion has to do with you having a brand and especially a good fanbase were you can thus have more exposure because most exchanges, casinos would not just entrust any affiliate link to anyone without considering there space. Other members havw contributed greatly, you can align all with your decision. |
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For now btc is a little bit risky to buy, i see the btc price is now so high and we need a big amount of fiat to buy small amount of btc, maybe we should wait for the price to drop down before we buy because if we buy now and the price of btc drop drastically we maybe in a big lose we need to understand the situation to avoid lose.
What makes it risky to buy?, the drop you are expecting before you buy isn't a wise approach I know we all have different plans and decisions are subjective in terms of Investing, but we need to understand that Bitcoin investment can't be done in this manner, whereby you expect price drop and fretful because the price is high and you don't wanna lose. What if the price drops to your level, and after your purchase it dips again. We just need to avoid gambling Bitcoin prices, That's why we DCA to enable us buy at every market situation excluding one from the expectation of dip and buy more or less gambling. This will make you miss out opportunities, am not being too optimistic though what if price just surges without dropping, many have experience same and end up regretting sounds like individual present for short term gain without any long term view. |
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We cannot necessarily presume lump sum to even be an option, since sometimes people come to bitcoin an they don't already have cash available and/or they might not even have other investments from which they would be able to employ lump sums, so sometimes it does not even make sense to presume lump sum as an option when it is not automatically an option that normal people end up having and even if they were to have some lump sum potentiality, they would first have to designate such amount towards bitcoin investing, which might be an actual obstacle for some folks in which DCA makes more sense for them since they are not ready, willing or able to redesignate some lump sum amount that they might have towards bitcoin investing.
I really understand what you are saying but it is very important and for everyone to have a broader knowledge of various strategies as it being exhaustibly disscued here in terms of figuring out from what financial stratification you belong to, and for reference purposes. However, the lump sum buying are mostly practice by those in upper class and not for some middle or lower class where identifying your class gives you the preparedness in terms of making an informed decisions towards your investment plan, it pointless for anyone presuming lump sum to be an option when apparently you don't have what takes, everyone has to figure out the class where he or she belongs to in terms of choice of strategies, be it dca , lump sum and the rest of them, which will be a hedge over your planning working towards a successful Bitcoin investment. Lump sum, DCA are strategies that can be used by any investor in terms of Bitcoin Investment. I won't associate social class to any form of investment, whereas we talk about it in terms of ability to be consistent in your accumulation phase. For instance; An income earner of $3k monthly decides to begin his journey in Bitcoin and starts with $1500 which is 50% of his income, that lump summing probably later on he develops a plan in which he accounts $200 weekly. Any class can lump sum or DCA is just a matter of subjectivity. Just like sometime you can decide to add extra $$ to your weekly amount for accumulating Bitcoin just to increase your holdings. In essence, everyone should have a plan, DCAing keeps us in a position of continual Investment same time you can lump sum too. Both works, it just a matter of discipline and consistency not exhausting yourself not social class or whatever. |
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lol so what are you trying to say? I assume English is not your first language, but I'm having a hard time what you're trying to get at here. Gambling can absolutely just be a hobby that doesn't lead to anything other than simple fun. Just like drinking alcohol for me. I do it just so often that I find it nothing more than a bit of fun. I'm safe when I do it and I never let it get me in to any trouble. Why can't gambling be the same? I don't really get what you're saying..
In fact the professionals take gambling as fun and the non-professionals take it as an addiction and choose it as their main source of income. Gambling and alcohol may be normal to you, but in countries where gambling and alcohol consumption are outlawed, they are seen as a major cause of social and state degradation. Since gambling and alcohol are banned in public, the people of these countries where two things are religiously forbidden will never be able to accept it with an independent mind. I can't stop laughing when I saw this, so we have professional gamblers and unprofessional gamblers, wow.. what's the degree to become a professional gamblers?. Sincerely we make illusion out of things, every gambler is on same scale what differentiates them is the ability to control and discipline themselves. I don't see a scenario whereby we talk about gambling to be fun and another to be Money making, when you place the bet or gambled did you remove the winning amount?, I see that as an antidote to ease weakness in gamblers, nevertheless be it for fun or whatever one can still get addicted and expose to the bad consequences of gambling as OP, have well listed out. I even see those who gamble "fun" to be those who are more prone to addiction because of much Dopamine rush and there brain already programmed to it. Gambling should be done in Moderation and Money Management is essential,if your habit is getting worse I strongly advise you Quit Gambling. |
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Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify.
I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market.
Sometimes new traders still find it difficult to carry out plans like that because usually they still use trading money from the money they use for their living needs so that when they are trapped at high prices they feel depressed and sometimes also consider cryptocurrency trading as gambling. As new traders they must get proper guidance. That's the point, Trading is not sustainable and cannot be the right approach when it comes to Bitcoin. I don't seem to understand why, newbies or people think Bitcoin is just a mere Tradable coin. We just need to accumulate, hold and be patient according to a suitable strategy and plan. When it comes to investing the very basic rule is "invest what you can afford to lose", so anyone who is using the money meant for needs and wants into investing in Bitcoin is making a silly mistake with wrong step. That why we talk about having a discretionary funds and emergency funds before investing in Bitcoin to keep us at a safer zone as we invest in Bitcoin. And one must ensure that the efforts he is putting into building a solid Bitcoin portfolio is compounded and discipline about it by that I mean DCAing which reduces the stress and getting trapped in market since you have opportunity to always buy at every market price. |
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I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.
Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.
Selling to buy back is a normal thing, but the small percentage of assets we own will only provide small profits. I am more interested in buying and holding while the accumulation of purchases can still be done according to the DCA method that most people use. The condition of selling to buy also does not guarantee whether we can repeat the same luck because prices fluctuate. If we understand that bitcoin is a long-term investment then the investment concept must also be thought about accumulation and it is best to use several methods to buy and not trade in the short term when the assets we own are very small. This is just my personal thought because from what I've seen investors who expect to sell to buy usually don't have that strong of a hold on bitcoin. Apart from being new to investing, there are also doubts when Bitcoin experiences a severe correction. If you look at it today, perhaps Bitcoin has experienced a significant increase, but if you look at it 3 or 4 years ago, you will definitely think differently. it is Bitcoin we are talking about here and I find it problematic and it doesn't seem to be a normal thing to sell in order to buy back, surely you might buy back at a price higher than your selling point, but yeah any one can do whatever they like, the truth must be told that Bitcoin is best performed when view on a long term which is better than chasing a few dollars profits over short term price fluctuations, everyone have what Bitcoin really mean to then. Buying and holding for longer period of time is the best where you will experience compounded value of your investment over time. Well said, having a compounded value overtime,with a long term view of which you might decide to sell anyways depending on your plan and how far you have achieved your target or have gone in your accumulation journey. Which won't be a good way to sell, without creating a means whereby we keep accumulating, buying irrespective of how far we might have stash which i see as (re-investing) that everyone must incorporate as they journey in Bitcoin Market. |
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- In this country, we have noticed that more people have become addicted to online gambling. And it wouldn't have gotten worse if profitable influencers weren't promoted on social media, especially the popular ones or influencers who have millions of followers.
Almost all of them are chronic and have only one goal, and they even openly cheat their viewers and followers. It's okay to gamble online; the only thing that's not good is that minors can see their promotion of online casinos, and then they'll say that they're promoting that there's no loss when you sign up using their referral link.
Exactly, most influencers promote it on there page with a whole different view of what gambling really is and fake promises, incentives of which we know that minors are often expose to this, seeing such propels them to wanna explore more which if not controlled can lead to disaster. The introduction of online gambling has grown to become worse and worse everyday causing more harm than good, than before when it hasn't spread this way. |
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True, nobody seems to understand the psychological imbalances of gambling addiction and how bad it affects not only finances but other subconscious areas of our Life. Addiction in itself is bad, not only in gambling this disaster can only be averted by Discipline and proper Management of arising situation, Moderation especially in gambling. Once a gambler have self-control and manages the way he spends on gambling activities I believe such process will surely bring a positive outcome. Addiction springs forth when we begin to see gambling as the only source of Joy or income and seem to be occupied by it everytime without paying attention to other areas that matters and develop yourself.
But the major side effect in gambling falls on our emotional well being and finances.
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The most results that gamblers will get upon chasing losses won't be good, we can be the living proof of it because whenever we chase our losses, nothing comes good out of it.
True. But the way I see chasing of losses is different from your view, a gambler cam decide to chase loss which I see as gambling again after a loss is incurred as far as his limit for that day or money allocated is not exhausted. I do not see that as chasing loss, but when your money is finished or you have reach your limit still you breach it then I can say a gambler is chasing a loss, simply gambling to recover is not a problem and I don't see any possible damage there. The truth remains, self discipline, moderation and Money Management over everything when it comes to gambling. |
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That's true going all in into gambling with one salary ain't advisable at all , to me that's is a sign of one not having self-control and also sign of being addicted to gambling. Because gambling is all about winning or Losing, and most time the chances of losing is way higher than winning, so there's high chances of losing all that salary once. So is way better to use some certain percentage of your salary than using all . And always use the kinda percentage you can afford to lose .
Are you serious about this? How can someone think of using all their salary for gambling? Gambling isn’t sure money. In fact, in gambling, the chances of losing are greater than the chances of winning. Hence, if you are planning to bet all of your salary on gambling at once, then I have not seen a more foolish person than you. Through your salary, you pay loan installments and bills. Hence, it’s ideal to not risk all the money for the sake of earning some extra money. Follow the golden 40:30:30 rule, which says 40% of your salary should be spent on daily or monthly needs, 30% for savings, and the rest 30% for investment. Here, you can use the remaining 30% to gamble if you want to make quick money in a shorter period of time. Which 30% remains?, is it the one for investment, if you use it means you ain't discipline and willing to develop your life and also grow your financial life. I would say, using a certain percentage or not our salary should not be used to gamble, for those who don't have any source of income except Salary should have limits, better still a plan that regulates how much they can afford to risk from there salary and stick to it, But this depends on how much your salary is, if you are well paid or not it should not be allocated more than 1%, I advice you can use money meant for beer or other unnecessary stuffs to gamble responsibly and in Moderation. |
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Yes definitely trading is not for everyone, there are people earn big in trading but there are also people earn small amount and many also lose, we have different experience in trading and those who already earn continue but to those who are not lucky they already quit in trading, so i think trading is not really for everyone it is maybe only for those who are lucky in trading and not everyone is lucky so its not for all.
Trading is not for everyone, I agree. Trading is for those are ready to dedicate there time,effort and patience to it. Those who know what they want before going into, being resilient and not giving up, have not seen a case where giving up was an option. I won't judge Trading to be a "luck game", it never luck it all gears down to Skill with a proven edge and Discipline with acceptance of whatever outcome, we don't have lucky or unlucky Traders, we only have those who do the right thing and others who invest there time into bad approach, chasing profits without an edge. In essence, it an open space were if you are willing to give in, you will surely succeed. |
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I think we need to wait until mempool dump and fees decreases to start saying that Bitcoin halving has started and then we have to wait several months to see its actual effect.
Then the halving date should have been set for when the fees decreases. Everyone anticipated the halving and were all happy for it’s arrival but not everyone is happy with the high fees during the halving period. I also think we should all assume halving haven’t started yet until we start seeing it’s effects. This is actually my first bitcoin halving experience so i don’t know much about halving or how it went the last time, did people have similar experience of high transaction fees in the past? Because what we were told about halving is quite different from what is happening now. With halving not having effects now does that mean bull run will also be extended as well? Since we have to wait several months to start seeing halving effect. We are in bull run already, and already halving has occurred. We can't assume that halving didn't occur, what effect do you need to see mate, as OP said I would relate ot these way, Bitcoin halving doesn't mean there is gonna be an immediate pump in Bitcoin price. These is just a functionality that must occur in every cycle whereby new blocks formed are cut by 50% and miners rewards are reduced thus supply too. I agree maybe since this is your first year, you actually didn't understand how it works, no worries just be patient about your holding. Keep accumulating, and discipline enough not to gamble Bitcoin price because it isn't guarantee. |
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Things like this are normal because no one can predict the crypto market perfectly. Selling at the highest price is everyone's goal, but this can also make you lose the best momentum to sell. I have experienced this, I waited for the price to continue to rise in the hope of being able to sell at the highest price, but what happened after that was that the price fell. Profit is the main goal of investment, but you should not be greedy.
The main thing which everyone wants is to take profit and sell their coin at a higher cost but most of the time people leave their coin when the price goes higher because they don't want to sell at that price and wish the market to pump some more. But after a few months they realised that the market is going down instead of pumping then they start to regret missing the chance. It is a better way to enjoy your profit if you are happy with your profit when you see that in future the market is pumping more because you have not sold it as profit instead of losing any amount. Be satisfied with what you have and don't look towards the profit of others because everyone has different goals, thoughts, invested amounts, buying and selling costs. Yeah, our endpoint is profit but only those without plan, target will get caught in this analogy of yours especially those who were present for immediate profit (gambling Bitcoin prices). Every financial market has time or seasons, let me say something have we considered why; Price sells from a particular point and why it buys from a point too, who were those involved, who bought at that higher price, who sold at that price, this are simple question we ought to clearify. I always and will keep laying emphasis on the need for having a target and being discipline, DCAing with getting exhausted and allow the market do it thing and not being fretful because of pump or dumps in the market. |
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Well said, OP. Holding is the best approach when it comes to Bitcoin investment but the fact is the patience and discipline while holding is the ultimate. We don't just hold, but also we must have a set system that will keep us moving, keep accumulating, using a suitable strategy and remain resilient in Bitcoin investment. Overtime we will surely enjoy the dividend of it.
We don't need to explain the possibilities of Bitcoin, to anyone am not being too optimistic but Bitcoin have set a road map of which is the eye of every investor and currently with a big Market Cap, so it up to any individual what they choose.
Accumulate, hold and avoid exhaustion in the process.
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..but whatever they narrative free money doesn't exist, one way or another it will be paid for!!
I agree with you, either ways we work for the money, before we are paid. Nothing is free. You know, I don't seem to understand how people think that Airdrop is free means of making money. You are paid for tasks, time, effort which they couldn't carryout themselves which at times doesn't amount to anything except few, many are often runned off the knowledge of the interested individuals. No doubt, everyone have there own perception and how they decide to live there life. Wether it's free or not I can't dictate for anyone how they should spend or manage there money, so for me OP is only having headache on some else decision and it wrong. |
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