Oh yes definitely!

This happened recently wherein I had to gamble $400 because I was rationalizing with myself that I am too deep now and I have committed so much money that everything would be a waste if I did not win a single round. Unfortunately, the night ended with me losing much more money and I was never able to recover the money that I have betted on.

The problem with gambling stems from that hope that you are chasing- such hope that you MIGHT win in order to recover your losses. But that hope is a dangerous landfall that can snowball quickly especially if you are afraid of accepting that you just lost a handful amount of money.

With that experience, it made me thing that I never want to experience battling the odds. If today is just not my day, maybe gambling is not really for me.

I think this has something to do with the current state of the country that borrows in the World Bank.

For example, if a third-world country is struggling with their finances, they can borrow money from the World Bank in which the latter offers zero to low interest rates. Additionally, borrowing from the World Bank can also be an opportunity in the country if the details of the loan are generous.

For example, a poor country may be offered by the World Bank zero to little interest rates which can be payable for the years to come. This does not only help that poor country but it also gives them the opportunity to create various infrastructures that will benefit them long-term.

To answer your question, I guess if the World Bank offers no interest rates on their loans, that can be quite an attractive offer. Even if a specific country has a positive revenue, it does not hurt to ask for a little more cash, right?

If there is something that I can definitely associate myself with, it is that I share my winnings with my family.

Like my brother, I consider money won from gambling as "dirty money." This means that I have to spend my winnings as quickly as possible or at least allocate them to a certain activity to prevent any temptation in gambling again.

In the past, the money that I have won from gambling would be share among my siblings. I frequently surprise them by buying food or by asking them if they need anything. Also, some of the portions of my winnings were allocated to certain purchases for my school (e.g. books, materials, etc.) in order to supply myself with all the necessary things and to also help my father alleviate the expenses.

I do think that majority of the people who invest in BTC are driven by profit (me included).

By basing it on the price history of BTC when it first started, you would see that its price before was even below $1. When I even started joining this forum last 2017, the price of BTC was around $4,000 and currently its price sits comfortably at around $43,000~. When it comes to investing in BTC, the sky is definitely the limit. There are dozens of discussions predicting that in the next 10-20 years, the price of BTC would skyrocket as it will break new ATH prices each fork.

Bearing this in mind, I can confidently say that my purpose is primarily for profit and for investment. While this may be my perspective, I am also not discounting the possibilities of the practical usage of BTC in our economics and financials as the blockchain technology is an excellent example on how transactions are foolproof.

Trading involves both considering the extrinsic and intrinsic factors that make it relatively difficult for a beginner. But I do recommend that newbies explore that method in order to further improve your knowledge in trading.

Trading is relatively difficult considering that there are lots of information and experience that one has to master. Even if there are experts in trading, they still do lose money in the process given the risks that are involved.


If a person wants to participate in a signature campaign, one must exert all the efforts in order to be qualified. As a newbie, your first goal should be learning about cryptocurrencies and its fundamentals. Once you have a grasp on what cryptocurrencies are, then you are ready to take part into various discussions across this forum.

Another hurdle that you may encounter OP is gaining merits in order to rank up your account. This is perhaps the most challenging thing for newbies especially that merits are scarce resources that are rewarded for people who can discuss things with expertise.

Well I think in general, the convenience of online has many benefits that makes it more preferred than onsite activities.

Online gambling has that kind of convenience where you can gamble anywhere at the pleasure inside your own home. The example that you provided, OP, is one practical example where a sick person can still gamble despite being familiar in a physical casino.


I agree with your statement.

Take gambling outside the equation, the neighbor should definitely exercise activities that can be applied online. This includes his work, obligations, socialization, and definitely entertainment, which is gambling in his example.

This sums up everything to what you posted, OP.

Let me share you my experience:

Back in 2018, I also invested in a ponzi scheme (USI TECH) wherein they promised returns within a couple of months. Surprisingly, my brother actually profited from that platform where his investments doubled in a matter of six (6) months. The funny thing is, we even attended a conference held in our country in which the creators of USI TECH introduced their product to us. After putting $100 worth of BTC, two (2) months after that, they quickly shut their website and ran away with my BTCs.

OP, gambling by risking your money in a ponzi scheme is not within the spirit of "gambling" in the sense of putting your money in a game of chance. Ponzi schemes are guaranteed scams in which they promise to return your money in a matter of days with ridiculous interest rates; while gambling in an online platform or casino has the immediate factor where you could cash in your money after risking it in a game.

In conclusion, gambling money in a ponzi scheme =/= gambling in a platform.

This is not me but my brother used the money he got from gambling in order to also start his mini-business of printing shirts.

Back in high school, my brother was a college student where our family somehow struggled financially. My dad was living pay check to pay check and there was just enough food for a family of 7 to eat monthly. My brother did not have as much cash and he tried doing sidelines (e.g. tutoring math students, etc.) in order to have his own cash.

When he was able to save around $400 worth of money, he tried gambling and he suddenly won $1200 in a single night. This prompted him to quit and he started his T-shirt printing business where he would visit botique shops, purchase plain colored shirts and he would print Nike and Adidas logos. He sold a couple hundred of shirts during his entire college stay and he actually quadruple his investment.

---

While this story of my brother is a happy ending, there were also times were he would also struggle to get out from his gambling activities. Ever since he won that amount of money, he would frequent gambling casinos to try his luck again but he failed. The worst lost he encountered was when he started with $200 and he lost all of it.

Moral of the story here is that when you actually won in gambling, there is always that possibility that you may lose in the future. At the end of the day, it is a 50/50 game where all the results are possible.

Hello and welcome to this forum, OP.

Before you get started, be reminded that this forum was created in order to have an extensive discussion with everyone regarding cryptocurrencies. That was the primary purpose on why this forum was created; signature campaigns and other services were just part of the plan.

Now, I saw that you wanted to earn some money in this forum. Before anything else, you must first understand what cryptocurrencies are. Knowing the fundamentals and its processes are relevant before you exercise any option to earn money.

Good luck on your journey and remember that before you start earning money, learn and know cryptocurrencies first.

I agree with your statement.

People tend to be one-sided when it comes to winning and losing. Like what you just mentioned, whenever we fin, we always focus on ourselves too much to the point that we tend to discredit the efforts of others even if they contributed on why we won on the first place. Then if a person loses, they tend to blame others since they cannot accept the fact that they lost due to their efforts.

In conclusion, it is always easy to look for a scapegoat than to accept our shortcomings. It is so much easy to blame others rather than to accept our mistakes and this is primarily the reason on why we blame others on the mistake that we made.

Well this is not a proverb but it is just something that I made up that can also be relevant/associated with gambling:

The only failure is when you stop trying.

I mean, it is your generic tagline with regard to success but this can be applicable to gambling where people would keep on gambling until they win. Unfortunately, this quote can be potentially dangerous as this will definitely compel gamblers to NOT stop until they have won a decent amount of cash depending on their standards.

Bottomline, proverbs and quotes should not be taken literally- always find the wisdom behind the meaning of every passage and take it to heart depending on how it can be applied on your current situation.

I agree that every person who gambles must view it more on this kind of perspective.

If you view gambling as a means of earning profit, then you are putting yourself in a lot of risk due to its very nature. Remember that gambling is a risky venture- the only absolute thing that may happen here is the uncertainty of profit. If you also take statistics, the house will always win due to the presence of house edge that gives the latter the advantage the more you gamble.

This is the reason on why that in order for a person to prevent any overspending in gambling, approach it with a mindset of entertainment. Treat it as something that you do for the purpose of enjoying the risks and profit as the secondary goal.

I do think na yung pag impose ng 1% tax on online shopping was inevitable given na sobrang lumaki yung demand nito ever since COVID happened.

The market saw na mas convenient pala for sellers and buyers to do online shopping instead of visiting the traditional and usual convenience stores sa mga SM, etc. kaya yung tax na 1% ay talagang mangyayare. Pero yun nga lang, kawawa nga lang dito is yung mga small business owners who are just starting kasi pati sila matatamaan dito.


I agree dito.

I think mahirap din kung bigla silang mag iimpose ng tax sa cryptocurrencies given na hindi nga natin alam kung ano ang stand ng gobyerno natin dito. Siguro the fact na silent sila means na they don't see it pa as an issue or as an opportunity to tax. Pwede rin siguro na may plan silang mag impose ng tax sa mga exchanges pero yung implementation lang nito siguro ang mahirap.

Personally, I do not believe so but there are people who do believe in superstitious practices that gives them the boost to gamble more.

I remember back when I was a kid, my father has this tradition where he would feed his fighter chickens (for cockfighting) food mixed with the crushed bones of his grandfather who just passed away. Since my grandfather was the one who built this empire of cockfighting chickens and they even had a whole farm for it, he thought that it had good luck.


In my own experience, I never really believed so.

I think one of the reasons on why people have this superstitious practice is for comfort. When you are under a lot of stress due to gambling, you cling to every hope that you can get in order to ease that anxiety and fear. This is perhaps the reason on why majority of the players have their respective practices/beliefs thats let them do a ritual or whatever thing before they engage into gambling.

Well for starters, BTC has a significant value converted to cash. Due to its value on the market, people view mainly as an investment mechanism that can be taken advantage of due to its high volatility.

If you have the opportunity to receive an asset that has the potential to quadruple or even increase its value for more than 1000%, would you take that opportunity? I mean, who does not want to be rich and experience this kind of success?

If you are going to base it purely on the price history of BTC ever since it started way back in 2009, check its price on that date and compare it to its current price. Also, if you understand its fundamentals, you would also see that it definitely has the potential to increase its value even more in the future due to forks.

In conclusion, people buy BTC to get rich and it is as simple as that.

While this has been discussed previously, let me repeat what I have previously mentioned about this topic.

Never ever gamble in order to pay current obligations. Additionally, never use gambling as a means of income in order to provide for your daily and/or monthly needs due to the nature of it being risky. If you use a risky venture in order to pay a current obligation, you are putting yourself in a very risky position that can definitely snowball into a bigger problem.

If you have an existing loan, pay it using the money that you have earned from a job. Never ever use gambling as a means to pay debt as this can worsen your position further.

Perhaps the reason on why most people use gambling to pay existing debts is due to its simple nature- either you win or you lose. People want to skip all the turns and use the short cut; but this shortcut is full of traps and dangers.

I think you have done your part about giving him advice with everything which revolved around his decisions. This really boils down on how he can stop his urges that clouds his judgement from making rationalize decisions.

I do think that another advice would be to explore activities outside gambling. For example, you can expose him to different hobbies (e.g. hitting the gym, outdoor activities, etc.) that makes him not want to think about gambling. If his mind is busy with other things, then he can use these new hobbies as his gateway and rest at the same time.

While this may be some advice that I could think of, it really goes to show that if the person is willing to help himself, then it may be achievable. But if he still continues his acts despite people telling him otherwise, the problem is really with him.

I always go with statistics as it is the best piece of information that I have against the house.

Statistics exist for a reason- they are reliable source of information where all of the match data are collated and compared with each other. If you have information that a certain team dominates a specific sport, then statistics would say that they are most likely to win a match.

For example, if a team has a positive winning percentage against a stronger team, then the most likely to win out of the two would be the former, as per statistics. Additionally, if a team has a huge amount of wins compared to a weaker team with many losses, then the former would most likely be the candidate as the winner.

At the end of the day, there is still that chance that the dark horse or the weaker team may win as nothing is absolute. But in a platform where you only have a few factors to cling on to, I would definitely choose the stronger/dominant team based on statistics.

Well, it could also go the other way- you cannot lose if you do not bet in the first place.

In gambling, the sweet spot here is looking for that balance of knowing when to stop after experiencing a win/lost. May people tend to gamble more whenever they experience a winning/losing streak due to the emotions that we feel during those times. Unfortunately, many fail to know when to really stop as they tend to overextend their welcome, thereby increasing their losses in the process.

In conclusion, gambling is all about risk and acceptance. You lost?- move on and call it a day; You won?- better cash out your winnings before you gamble everything all away and regret your decision of continuing further!

This method may work if the addict is willing to be helped in the first place.

Majority of these addicts are also individuals who have lost their cause but this may be regained by constant reassurance and support from their immediate family members. If these people believe that the addict can change, then the latter may be more inclined to change in the process.


The result can go either way with this kind of method.

Naturally, addicts use their addiction as an escape to reality. With this on mind, it is essential to first know on why they are addicted in the first place. If they are addicted to gambling due to the sake of making a profit, then this method MAY work. But if the addict uses gambling as a way to escape reality, then this method may not work as effectively.

CONCLUSION:

At the end of the day, there is no iron-rule when it comes to knowing which method to use as this can vary depending on the reason on why these gamblers are addicted to it in the first place.

Understanding them and knowing their situation are key factors into knowing on how you approach them so you could employ methods that can be effective and helpful at the same time.