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You're right, it's about calculating the risk that we're about to take. And so, doing trades or investments at a small amount from the start is a good step.
If it fails, then you've got something to learn from it and then you'll avoid that once you try again. But many don't see it that way because they think that they have nothing to gain from it.
Just think of the failures, bad trades and investments that we have, we have to learn from them and it's a step for us to become successful and win from the next process that we'll step in.
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Well, the interest should be there in the first place for someone to spend time and money to understand what bitcoin is.
Someone who doesn't have the encouragement and enthusiasm in learning what bitcon is. They are the people that will have hard time in understanding it.
But as soon as they see that the value fo it grows overtime, that's when they're going to decide that they should have invested on it and learned before anyone else does.
when you are talking about bitcoin technically that's when things gets hard for ordinary people, since they only knew bitcoin as a currency that will be use for payment transactions, those people only need to know what is the usage of the currency, its up to the developers who use the blockchain to understand the technicalities, about it, complicated things like are for the technical guys, users only need the usage, how to keep bitcoin safe, how will it affect the community, etc., this is on my opinion. An ordinary person doesn't need to know a lot of its technicalities. The basics of its usage is sufficient for someone who wants to learn it. The rest will come eventually if they want to try and dig deeper. Yes, it will definitely be a slow process, especially for those who are not interested, it will take time to get interested. They will gradually learn from the environment and in the future, as they realize how the price of Bitcoin is increasing, they will develop a strong interest in Bitcoin. Those who are not trying to understand Bitcoin now will eventually try to understand Bitcoin and, by creating interest in Bitcoin, will invest. Those who value Bitcoin now will see huge profits in the future, while those who do not value it now will regret it in the future. Of course, this regret will create a kind of interest in them, and from this interest they will learn to value Bitcoin.
They will be forced to understand and learn it if the interest goes to them. And that interest will be pushed due to the price that they're seeing. The FOMO is real for these people and they don't want to be left behind before it skyrockets more than it does on this bull run. |
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Yes I agree with OP, if you don't have interest for Bitcoin it will be difficult for you to understand it, especially when your not the one investing in it,
Well, the interest should be there in the first place for someone to spend time and money to understand what bitcoin is. Someone who doesn't have the encouragement and enthusiasm in learning what bitcon is. They are the people that will have hard time in understanding it. But as soon as they see that the value fo it grows overtime, that's when they're going to decide that they should have invested on it and learned before anyone else does. |
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I remember that there is this type of scene in Squid Game series.
I have no balls to do that if there's an option of death, it will be an instant for me if I get to stop with that result.
I love my life even it's not perfect like the others, this is a precious gift. I can bet with money and things but not with my life even if the potential win could be life changing.
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I agree.
It's because many are irresponsible and they're committed to gambling because that's what they think is the right thing to do.
And for the casinos to thrive, they understand that this is the business model that the casinos have. In order for them to profit big, there should be a lot of people that have to lose.
That's why we see new casinos coming up because they have figured out that there are a lot of irresponsible gamblers and they're just losing their money to casinos.
So, if it's up for fun, people will not deposit anymore and all they want to do is the play money.
The gambling industry might survive if it only offered games for fun, but it wouldn't earn big profits and neither the house nor the players would benefit financially. However, the industry could still stay by running ads on their platforms and shifting more towards being a gaming or entertainment company rather than a traditional gambling business. They'll be eaten with the cost and expenses. And so, if gamblers are only for fun the profits that they should get isn't going to be the same as what they're getting with gamblers that are serious. There will be constraints on how it will cost them and as for the ads, I don't think that it will be sustainable if they'll source out from there although it could be a plus. |
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The gambling industry only thrives because there are lots of people that gamble irresponsibly and lots of gamblers that are addicted to Gambling. If everyone could gamble responsibly they wouldn't be making such amount of money that they get on a daily basis from gamblers. This is why more casinos keep on coming up everyday, it's a business that profits of people's weaknesses and poor decision making
I agree. It's because many are irresponsible and they're committed to gambling because that's what they think is the right thing to do. And for the casinos to thrive, they understand that this is the business model that the casinos have. In order for them to profit big, there should be a lot of people that have to lose. That's why we see new casinos coming up because they have figured out that there are a lot of irresponsible gamblers and they're just losing their money to casinos. So, if it's up for fun, people will not deposit anymore and all they want to do is the play money. |
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The real purpose was to empower poor and weaker sections of the society.
No. The real purpose of Bitcoin is to be an alternative against fiat that there is no need for any central authority involvement for the transactions that we'll do on it. You're speaking on it from the perspective of it as treated being an asset. But you've mentioned the real purpose of it, and that's to be an actual currency just like fiat. |
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Making our immediate family or siblings proud is everyone's dream, especially our parents. It's a manifestation of our affection for our loved ones. And of course, if I were in that position, I would do the same as you said above. I would also take a break from my activities and enjoy the results. I certainly won't waste this great victory and will make the most of it.
If you win big time, they'll surely be proud of you if you're going to treat them in a nice restaurant. And after that, you're gonna give them some nice giveaway that they'd be surprised where it come from. But that will be on you if you're going to expose yourself telling them that you've won a nice jackpot. That will be the best thing to do is to stop when you've won big and for you to protect the prize money that you've won. Because if you'll stick around, it's likely that you'll use that again and the casino might win it back. |
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In my years of playing, I don’t think I have one. I can’t recall any funny moments, it’s either joy or frustration, that’s it. Anyway, imagine if the kid actually got lucky and won that time. That would’ve been even funnier, because imagine a 2-3 year old being luckier than you. Lol. But what if the amount you left was $100 or even $1000? I don’t think that would be funny experience. And of course, you can’t blame the kids, after all, it’s your fault for not making sure they couldn’t access your computer.
I can't think of mine either. Maybe funny in a way that we'll just laugh off our huge losses and worst moments when we gamble. Well, if the kid had won that, OP will be definitely happy and gonna buy him a McDonalds or chicken nuggets and that kid will be even happier with that. And if it's the other way and OP has got that huge funds left there and that kid had spinned it not knowingly that he has lost a lot of money, no reaction can be shown with that. Because that's gonna be his fault for leaving his computer open. |
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* more states opening up to legal betting,
*the convenience of mobile apps and live wagering,
*or nonstop marketing that made betting feel “normal” already?
Big question is, can this growth really last or is the U.S. just catching up after legalization? From under $1B to almost $11B in a few years, that’s huge. If it can happen there, could we see the same worldwide, or will stricter rules and backlash eventually slow it down?
What do you guys think, is this real momentum or just temporary hype?
I think the ease of access made the industry there to grow. And also about it catching up for a longer time, it might decrease a bit but as long as the numbers are there and above a billion dollars, it won't be stopped anymore. A slowdown might happen when tighter rules have been implemented. While this is good for the regulators there as the tax will also skyrocket. But the counterpart of it which is more gambling addicts are found, they might react onto that. |
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It would seem also, and much of this is just propaganda, that both governments and large corporations are staking sats quietly and or are building up reserves to soon on day buy a bunch of bitcoin.
Rome wasn't built overnight. That's for sure.
That will no longer be a surprise if out of nowhere, someone exposes these anti bitcoin that have been stacking a lot of sats in the process. They know that they are up for something and in due time, they're going to show the entire world that they're not blind all of these years. While we are also busy with our stacking times, they're also building their own empire silently and you're right about that. |
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You have to realize that when you're already in profit, you have to make sure that you've got to take the profits on your wing already. And so, whether you continue or not, you've got something in your balance already.
When you're in luck, you'd like to test it more because it might not end up yet. But when the right timing comes to us and it dictates us to stop already.
You know what your limits are and when to stop. Because if not, that's when bad results come in.
I think every gambler has this mentality of going again after they've recorded a win. It's like trying to max out the luck and good fortune they have experienced that day but it's important like you stated to always know your limit and stop so that you don't lose all you have won. Yeah, we get that and it happens to anyone once they feel lucky. They just want to max it out not until they realize that it's no longer there for them. Just take on the limits, get your money and be happy with that. Stop, and gamble again some other time, maybe the next day. You’re right on that. 🎯 One of the biggest mistakes gamblers make is thinking they can beat the “house” or the casino dealer, when in reality the casino always has the edge in every game.
So without self-control and a clear limit on funds, no matter how big your winnings are, they’ll still end up in a loss in the long run.
In short, it’s not enough to just know how to place bets you also need discipline. The true victory in gambling isn’t only found in hitting the jackpot,
but in the ability to stop while you’re still ahead.
A good gambler is also a disciplined one. When we are winning, we know that it won't last for so long and that's why we're responsible enough to take the profits that we have. And if luck isn't with us, that won't trigger us into going further because we know that it could make the situation even worse for us. |
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We need more of these companies to hold Bitcoin as their primary reserve. Others will be curious why they're doing this and might go with the flock upon seeing that more and more companies are investing $100M or even more to Bitcoin as their reserve.
As long as the governments where these companies are found are not saying a thing about it, they should be fine. Because we also know that even the governments are secretly holding it.
Whether it's from seized operations or actual accumulation, we know that they understand what bitcoin is and they're not going to let it pass that they don't have it. Although being a primary reserve is subjective to them.
Yes, I'm sure there are companies and governments that use Bitcoin as their reserve currency, but people don't know about it because they don't publicize it. Logically, governments and companies have smart people who tend to research and study Bitcoin. Once they realize its potential, I'm sure they'll be tempted to use Bitcoin as a reserve currency. And I consider myself a regular person, but I want to use Bitcoin as a reserve currency because I'm a regular person and have limited capabilities that are very different from the governments and companies that strongly support it. I think that's what they want, too. Yes, they have people that will do the job for them and learn everything first before they dive into making it as their reserve and investment. These companies won't just get into bitcoin without having the understanding of how it works as an asset with its volatility. They're not dumb that will just jump on the bandwagon because other companies are doing it, maybe sort of but they're investing a lot of money so they have to make sure that they understand how it works. |
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There is no question about whether gambling is a mental sport or not as gambling has a Link to do with your mental alartnes as it involves the use of using your mental abilities especially in making critical decisions like choosing which team will win or not, but when you try to make it as if gambling is helps to grow your mental abilities it can actually lead more people to engage in gambling thinking that they are training their mental strength.
That's a very good take for how people will think of what gambling is. But we're fantasizing it a lot if they're going to test their mental strength through it. There are other ways aside from gambling if that's what they want to do because if they'll gamble just for them to train their mentality. I don't think that gambling is the right way. Anyway, we can't do about that but it only proves that gambling is also capable of doing that when we're on it. |
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Yes. He should be thankful that he's still got some money after that cash out. Because not all gamblers do that and worse comes to them that they get nothing because of how they decide.
We might think that it's a bad decision to cash out and take some profits even if we've got a chance to win the entire thing. Battles don't have to be won like that when you can take your money, be happy with that and go gamble again some time.
If you've managed to withdraw profits that don't include your initial investment, that's great, and it's better to be grateful than to regret it, even if you have the chance to win again, as you said, rather than getting nothing. But clearly, in gambling, we must accept the outcome. Regret won't change things for the better. Instead, regret your own excessive behavior so you can learn from it. If it's your time to be lucky, you can win big. So, gamble sensibly and wait for luck to be on your side. Better to have that small profits than nothing because that's how it should be. The regret do come in the end and when we feel that we did a mistake of profiting before the entire bet has ended, we understand that. But, it's the case of winning but what if the next bets have lost and you didn't cash out, the regret will be even heavier. So, that's right that it's better to have that than nothing at all. |
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Yes, we have seen in the past that the price of Bitcoin started to break down a bit in September, which led to a market crash. However, this year we are seeing something different and the Bitcoin market has not yet fallen, rather it is showing signs of increasing. I think that there is a possibility of the price of Bitcoin pumping a little more this September. However, the market will face a fall, maybe towards October, if this happens, it is expected to fall by $100k. However, if the market corrects by 10% in the price of Bitcoin, it will fall a lot, but if it starts to rise again later, the price can recover.
We're seeing a pump for this month of September and that's why it's best for anyone who have thought this is going to be a bad month to understand what it happening actually. The cut rate by the fed was done and there will be effect of it, we're back to $117k as it moves a little by little back and close to $120k. Going under $100k is possible but I am expecting that it will happen only once it's already bear. |
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You are absolutely right. Maybe I should consider greeds in-between just as said that my friend should be thankful for atleast he made some cash out but instead, he feels bad just because he could not take the whole profits as the outcome of the game summary went successful as he predicted.
Yes. He should be thankful that he's still got some money after that cash out. Because not all gamblers do that and worse comes to them that they get nothing because of how they decide. We might think that it's a bad decision to cash out and take some profits even if we've got a chance to win the entire thing. Battles don't have to be won like that when you can take your money, be happy with that and go gamble again some time. |
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If you've got plans of pursuing the bet, you should have gone to sleep and win or lose, you're going to accept the result of it no matter what happens.
But there is also this sense that this option is given is either to cut your potential loss and then to take profit if you've been into a couple of games already.
IMHO, whichever decision you make. It should be a courageous bet.
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We need more of these companies to hold Bitcoin as their primary reserve. Others will be curious why they're doing this and might go with the flock upon seeing that more and more companies are investing $100M or even more to Bitcoin as their reserve.
As long as the governments where these companies are found are not saying a thing about it, they should be fine. Because we also know that even the governments are secretly holding it.
Whether it's from seized operations or actual accumulation, we know that they understand what bitcoin is and they're not going to let it pass that they don't have it. Although being a primary reserve is subjective to them.
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If we are responsible, including our friends - everything should be fine in the long run.
It's our duty to choose people and friends who would be reliable for such an activity.
With my friends, I don't see anything about it that will be profitable to be honest. But I will see it as a precious moments like hanging out with them. There will be a lot of bad decisions that will be made if I am with them and so if they are with me. So, that's the real fun if we are gambling with our friends. Although I prefer now to gamble all by myself so that there will be no more voices on my ears telling me to all in. Because if I do, it's only me that I have to blame for my losses. |
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