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May 08, 2024, 04:53:35 AM *
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341  Economy / Gambling discussion / Re: Gambling Management on: February 08, 2024, 04:46:11 PM
I often run out of funds due to gambling that is too blind in terms of placing $$ on every bet I make and ends up losing. I do multi-bets and single-bets, every time I win, sometimes I forget myself and use all my $$ on the next bet. This sometimes gives me big wins, but if I'm unlucky I can lose all my funds and this has happened many times.

I started to realize and change my habits. Now I use $$ from the profits from the previous bet to place the next bet and save my initial capital.

What do you think, is this good and can help me overcome losses that will occur so that $$ remains safe and can be used in future betting? Are there other unique ways that you can use to grow your money in gambling? feel free to comment. Thanks

You need to start planning your gambling. Even if its with an excel sheet, keeping an overview will help you stay grounded in how much you lost, how much you won and how much is left.

Personally, I also add personal rules to my gambling visits. One such rule would be to not lose more than a certain amount of gambling funds per day. You can calculate the amount of negligible loss based on your disposable income. I myself do not gamble with more than 10% of disposable income (after paying monthly bills, expenditures and so on...). And I divide that 10% up by 30 days for the daily gambling fund.

342  Economy / Gambling discussion / Re: Do you beleive in the concept of "Luck"? on: February 08, 2024, 04:05:46 PM
Hello everyone!

Recently, I was thinking about the concept of luck in my life and how lucky I am. And I wondered how other people, especially gamblers, perceive this concept.

It would be interesting to read your thoughts.

You can answer these questions, for example:

  • Do you believe in Luck? If so, how do you describe your perception of this concept?
  • How lucky do you think you are from 1 to 10?
  • Does your sense of luck in regular life correlate with your luck in gambling?
  • Do you believe that some special things or actions can increase your luck?

And do not hesitate to share any other thoughts about it. Let's discuss!

No, I do not believe in luck.

Luck is an unscientific word and it makes no sense. What I do believe in, is probability. With probability you have something you can calculate, quantize and strategize with it. On the other hand, luck just means to wait for something magical to happen.

If you know your chances, then you can tweak them in many different ways. The house edge will never be pushed to your side, but it can be reduced to a more reasonable amount.

Although the casino always wins. Keep that in mind when next time you think you are "lucky".
343  Bitcoin / Bitcoin Discussion / Re: Please stop asking for "legal tender status" on: February 08, 2024, 03:06:08 PM
Legal tender means that the government forces everybody to accept Bitcoin whether they want to or not.
Totally wrong, a legal tender is a type of payment that a country considers as legal and its law allow it to be used to settle debts which simply means a type of asset that can be used for financial things. A country never force you to use a legal tender but if you live in a country then you need to use it for trading of goods.

Let's say each country's fiat is a legal tender but they won't force you to use it, however if you want to purchase something from a shop or from someone then you will need it for the purpose. If Bitcoin becomes a legal tender then the governments won't force others to accept it but they will allow anyone to trade goods with it without any legal concerns. Ultimately, you'll be allowed to settle debt with either fiat or Bitcoin if a country makes it a legal tender.

Exactly.

Furthermore, having Bitcoin acknowledged by a government of an entire country as legal tender is one hell of a PR stunt for Bitcoin. This means more adoption, more investments and more people added to the Bitcoin community. That is a huge bonus that comes along with the legal tender news. If you are a true Bitcoiner, you would be cheering for this, not asking people to stop demanding for it. Anything that helps Bitcoin grow and become more valuable (because more people want it and there is a limited supply) is a good thing and it should be supported...
344  Economy / Gambling discussion / Re: Selling a property to play gamble on: February 08, 2024, 02:09:07 AM
It is so unfortunate how some gamblers become so addicted to the extent of selling off most of their properties just to play gamble even when they're aware of the risk that is

~snip

Have you ever sold a property to play gamble and afterwards finds it difficult to replace that same property again?

I agree, it is indeed unfortunate how many people get addicted to gambling and sell their properties just to keep on gambling.

I think selling things is a late stage symptom of addiction. But the same symptoms of addiction go for anything else that you can get addicted to. That is because an addiction is a neurochemical disbalance in the brain. There is no way to see it coming, because we are all only human, after all.

I personally have never sold any belongings to fuel my gambling habit. But then again, I am not addicted to gambling. Nor do I know anyone who sold anything (other than cryptocurrencies) to finance their gambling.
345  Economy / Gambling discussion / Re: Have you ever introduced an elder gambler to online betting? on: February 08, 2024, 12:53:04 AM
I was thinking about my past experience with my grandmother when I was still starting in crypto industry and was getting familiar with gambling yet. Since I knew she was a gambling enthusiast (loved slot machines), I tried introducing her to virtual betting, telling it was an accessible and easy method to gamble from home with comfort and easiness.

So I opened a slots website on the laptop and told her to click the touchpad over the roll button, indicated by the arrow on the screen, to start betting. She did it for a while and had some fun when winnings were hit. In the end, I asked her what she thought about the experience and if she would replace the habit of going to physical casino by the virtual one, but she replied that it was too complicated for her to play online, and that she likes the contact with a physical environment where there are physical machines and other people to talk, so she could leave the boredom of staying alone at home to see traffic and flux of people outside the doors.

As you can see, it wasn't only about gambling, but also about interacting with other people inside a real gambling environment, besides the technological experience not being so rewardable when compared to playing at solid, palpable physical machines.

And you, have you ever successfully introduced an elder person to virtual gambling?

I have not ever introduced any elder gambler into gambling online but from my experience, I think most elders prefer nostalgia over anything new. Especially technology. This goes for most elders but I admit there are some older folks out there who keep up with the times. And some who know more about new technology than young people.

I think there is some merit in nostalgia though. I would prefer playing any gambling game in an old-timey, tobacco smoke filled casino more than playing with colorful shapes on my screen.   

Sometimes elders know what they are talking about! It all comes down to preference though.
346  Economy / Gambling discussion / Re: Does casino streamers have influence in your gambling life? on: February 07, 2024, 11:30:15 PM
I came across on YouTube where a gambling casino social influencer was streaming about a casinos platform.
He literally brought out his phone and was illustrating to the audiences that it is just few steps to take the winning on your games which is making choice of your predictions, choose amount to bet and also indicate his hashtag referral code and click on confirm.
Immediately you get credited directly to your account that just you won.
I just smiled but I want to ask, how many of you guys develops interests on a particular casino platform due to the influence of the casinos streamers?

I try my utmost best to stay away from casino streamers and all other kinds of influencers. The fact that their very job description is "influencer" should be a red flag already. They merely try to influence people into buying products or services which have paid the influencers a handsome fee. The streamer is not keeping your best well-being in mind, nor does he/she personally care about whatever it is that they are trying to sell off.

The same goes for casino streamers. Their job is to be a literal advertisement. But once you know this, you do not fall for it.
347  Alternate cryptocurrencies / Altcoin Discussion / Re: What is the next step for Solana? on: February 07, 2024, 05:13:36 PM
For me, the first issue that Solana must fix is their "downtime", lol. It's ironic because they must have no downtime at all, but they experiencing this.
So it means, decentralization is problem. It's kinda the able to solve the cheap transaction fees and scalability, but being decentralize, they can't.

I really do wonder what the issue is with the down-times. Is there a simple explanation for those of a modest technical background?

No other blockchain I know has these kinds of blackouts and honestly, if Solana has no permanent fixes for it, then Solana is doomed to fail to a better blockchain. If that has not started happening already. Solana was supposed to be the better, faster and cheaper Ethereum. But with all the blackouts, I am starting to think that that venture is going to fail significantly. I would avoid investing in Solana until things clear up and there is a permanent solution to the down-times.
348  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: February 07, 2024, 02:22:32 AM
Some of the mistake was repeated by the gamblers even after the loss in the gambling.The foremost one is the greedy,the gamblers mostly the new gambler get into the greedy after some decent profit in the gambling site.

Over Confidence:
This was the common one to the new and experienced gamblers,because the continuous winning mostly give the greedy and over confidence to the gamblers.The gamblers will go for the high betting after the continuous winning in the betting.The positive wipe was occurred with the over confidence,most of the gamblers go for the high betting after the over confidence.

The draw back of the over confidence is most of the gamblers will make loss their holding dollars in few bets.So the gamblers should avoid the over confidence after the continuous winning.


Greedy:
The gambler should avoid of the greediness in the gambling after the continuous gambling winning.The gambler should try to withdraw the funds from the gambling site after the good winning in the gambling site.Many loss the capital by doing high betting and random betting with the positive wipe with more winning.The most of the successful gamblers may skip greedy in their betting.

Share your opinion about this two mistakes with your experience.

We all fall prey to it sooner or later. Human nature.

But we as gamblers should be fine as long as we learn how to pre-plan our gambling adventures to include certain rules and train ourselves in our discipline so that we can follow those rules.

Greed and overconfidence need to be considered in the equation. So in order to combat that, we need gambling fund/time/betting limits for example. But different people have different triggers, so everyone needs to consider and decide their own rules.
349  Economy / Economics / Re: are we returning to stone age? on: February 06, 2024, 09:42:04 PM

i cant help. but seeing everything is in the rapid decline, I'm not know-it-all immortal being, but the rate of declining is insane. everyone treating life as YOLO, like the VIDEO GAME, where you can reset and replay the GAME again!

it is not real! the system clearly is getting glitched and out of control, I dont know what better words to describe this phenomena, education is on the rapid decline to a point it is like a city where simon quest occured, and the town is ravaged of gossip that is not true but a big LIES, such as "dont look at the death star or you would die!" the fittest survivalism is going full throttle, it is unbelievable some global power must be behind this insane decivilization, idk how they did so, they doing this virtually undetectable. can this be made into a film or into history chapter?

Or none of you have aware of what I'm talking about? it is scary moment I'm seeing something totally abnormal around me.

there is nothing I can do in real life, got totally silenced, this is where I can even sound my concern.

what I fear most is the lifespan would soon decline to cowboy age where average life of the peasant is about 30yo due to the poor healthcare and knowledge, also based on barbaric cowboy beating each other on street trying to impress girls.

Humanity is returning back to monke. Perhaps. Eventually every empire falls. So why should humanity last forever?

The world is always changing. And nobody likes change. That is just human nature as dictated by evolution. Although if you think about it seriously, evolution does not care about creating a smarter life-form. Our human intelligence was nothing more than an accident. So as far as our brains go, who knows? We might be evolving into a completely unproductive direction.
350  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 06, 2024, 09:35:48 PM
Americans were asked to point Iran on a world map. Cheesy
Dumb questions deserve a dumb answer.

The only correct American answer:

Q: "Do you know where Iran is on a world map?"

A: "Uh, I don't care."

 Grin

Too cool to care? I guess you could give that as an answer. But it seems more like a defensive reaction.

Personally I would say something ubiquitous like: 'It's where Persia used to be'. That shows you are smart enough to know the answer but too cool to comply with their demand for an answer.

Anybody else taking part in the latest Bitcoin movement sweeping across social media? 100 pushups a day until 100K?

I'll do it if you will.
351  Economy / Gambling discussion / Re: You can not win if you do not risk on: February 06, 2024, 07:10:11 PM
Only risk what you can afford to lose. And we know that a gambler can only win big like more chances if they risk big so dont expect a lot if you only gamble a little. Sire there are people who wins big with smal bets but thats what luck does so dont lose hope

I think people often misjudge the amount of money that they feel it is ok to lose. Either that or they play until they forget themselves and once they realize they are in trouble, it is too late and all the money is gone.

What the saying should be: only gamble small.

As long as people play with teeny tiny amounts of money, they can have the same adrenaline rush of gambling but without the part where they doom themselves into a really bad financial situation.

The confusion of this type of gambler who wagers smaller amount could begin when he gets a big win using this method. Gamblers need to be emotionally ready for a win or loss. Both plays huge impact in the life of the gambler. Taking risks in gambling is not mainly a criterion for winning big. However, some players do regret that they didn't risk a huge amount of money, when they won with a tiny amount. This thought can make a gambler want to increase the amount of money for gambling. While he does that, he'd be calculating over his memory how much money he'd win wagering a huge amount. One may think that if he continues like this, he'd be able to win regardless of how long it consumes. The player then forgets about the weight of his bankroll, because he thinks a single win would be able to replenish for all he's lost in the process of wagering huge amount of money. Instead of undergoing such risks consistently, I think being conscious of the right moment for such would be nice and save money for the gambler, to play some other times.

I agree. If the gambler does not follow his own rules because he is undisciplined or weak-willed, then obviously there will be chaos and financial disaster. But that has less to do with betting small but rather with that the gambler cannot hold himself under control. He keeps relapsing to unhealthy gambling habits and mindsets and that is what will, in the end, be the defining factor which costs him a lot more money than he expected or wanted to lose.

It is of utmost importance to keep yourself under your own rules when gambling. Discipline is not something everyone is born with but it is a very useful skill which can be learned, in time.
352  Economy / Gambling discussion / Re: The "loaded slots" scam on: February 06, 2024, 02:23:45 AM
I think there should be more discussion warning about scams here.
This particular scam is pretty old, and goes all the way back to a time where slot machines were physical coin toss and lever machines with actual spinning parts.
Back then it would actually kind of make more sense. A "loaded" machine could in theory give out more rewards.
But people unaware to the scam wouldn't know that hitting a jackpot doesn't actually pay from the money the machine holds anyway even back then. So we're talking about a scam that has been around for ages actually.

But surprisingly it's made a resurgence.
There's scammy ads and promotions all around. Someone claiming that if you pay them x amount of money, they'll give you some very secretive sets of information about what slot games to play and when, in order to get surewins.

It's important to emphasize that this is an outright scam. Slot machines, especially virtual ones, are based on chance alone.
So the term "loaded slot machine" does not apply at all. If you have ever seen someone believing in this myth, do your best to dispel it.
If we're going to gamble, at least we should be educated about it and do it in a healthy manner, without falling into the trap of fallacies.

If there is anything that I am surprised by, then its the fact that people still fall for such obvious scams. I mean, once you hear something like "give me your money and I will do x thing for you" then you should be extremely careful of what is going on because that is a red flag. I guess some people just do not have any common sense. Huh

If people do thorough research of whatever platform or person that their money is being held on, then thats 99% of guarding against scams. A no-name bookie does not deserve to "help you" in your gambling efforts.

The more questions you ask, the better. A scammer's worst enemy is the truth.
353  Bitcoin / Bitcoin Discussion / Re: Updates from the COPA v Craig Wright trial on: February 05, 2024, 08:02:05 PM
There's probably less than 50 people and the room isn't very big. It's not very exciting or a 'big' trial and doesn't seem to be getting much media attention, though the trial is trending on Twitter right now.
It may be a positive that the trial is not trending. CSW wants all the attention he can get, doesn't matter whether it's positive or negative, as long as people are talking about him, he's achieving his goal.

Would be great to get a legal verdict which prohibits him from using the pseudonym Satoshi. He has had so many years to prove that they are the same person and has failed every time, I'm mildly surprised he's still relevant rough for a conversation now.

I agree. I can see that there is absolutely no reason for this entire Satoshi thing other than feeding his ego. It's not like he can ever access those coins in the real Satoshi's wallet. At most, his end goal is to become more famous. And Craig Wright seems to not care whether he is famous or infamous, as long as people know him and talk about him. Obviously Faketoshi has issues with reality, which may or may not stem from mental illnesses. I am no psychologist but perhaps megalomania and narcissism?

354  Economy / Gambling / Re: JustCasino.io | Get the Best Crypto Casino Experience on: February 05, 2024, 05:37:36 PM
Hello Justcasino! Welcome to the gambling section of the Bitcointalk forum!

Let me give you some two pro tips on how to navigate the community:

1. engage with promotional signature campaigns. That is a very effective way to catch the attention of some interested parties and to get leads to your casino homepage. But always be careful about how you decide to promote your casino. This forum does not stand for dishonesty or bad business practices. One scam accusation could ruin everything. on the positive side, as long as you are loyal to the community, the marketing team is going to have an easy time.

2. consider bringing contests to the community- Popular casinos do that on Bitcointalk as well. Competition stirs engagement and can be used for content creation.
355  Bitcoin / Bitcoin Discussion / Re: Who says Tesla initiated last bull run is wrong on: February 05, 2024, 03:53:45 PM
Tesla initiated the last Bitcoin bull run? Rubbish.

I saw this on Twitter yesterday. You can see it yourself: https://twitter.com/rovercrc/status/1754146791576985665?t=oYWn43cKg08NR--EAR3gDg&s=09

Bitcoin was at $3800 in March 2020. It fall abruptly from $8000 to $3800 in just an hour or so and increased back to $5500 not quite long. 2 weeks to halving 2020, bitcoin was around $8200 and its price was not far from that after halving. After halving, bitcoin later increased over $19000 and fall back to $16900 or so.

Michael Saylor, Grayscale, institutional investors and retail investors all played their own part as some people also continue to fomo. No Tesla until the price of bitcoin increased above $43000. Tesla bought bitcoin around that price and bitcoin price increased above $50000. Later it got to $63500. Before bitcoin get to $63000, Tesla accepted bitcoin for payment.

Elon Musk later said Tesla will no longer accept bitcoin for payment and the price of bitcoin deceased below $46000. He later said Tesla will accept coin that is using 1% of bitcoin energy for mining. We all knew he was manipulating and only wanted to make people know about doge. He accepted doge. He only manipulated bitcoin price.

Later China banned bitcoin mining and bitcoin got below $30000.

Like 6 months after, bitcoin increased to $69000 which was the all-time-high of no Elon Musk influence as it was before.

How is Tesla the cause of the bull run? It is just rubbish to praise what manipulated bitcoin price when it is even not what that started the bull run.

Tesla's role in Bitcoin price fluctuations was over-exaggerated. In fact, I would say that Tesla had almost no real effect on the price. The ups and downs were mere corrections and Elon Musk never really believed in Bitcoin, he just loved the attention from our community and just really wanted to make it seem as though he is bigger than he really is. The man has a huge ego, in other words.

Bitcoin has been gradually going up over the years. That is the most important factor.

Years from now, Musk will be stuck with his worthless fiat that nobody will wish to accept anymore, and the rest of us will have his Bitcoin, that he so foolishly sold.

I see that as a win.
356  Economy / Economics / Re: Pay discrimination on: February 05, 2024, 02:39:27 PM
There has always been a huge difference in the pay scale between the white collar jobs and blue collar or skilled labor wherein the later one put in more effort physically and do more hardwork than the earlier one.

Should there be market correction done for skilled labors?

Some will say that an white collar employee is more mentally drained out hence they deserve better pay but people who do menial job stop working the world will just rot as everything cannot be done but robots and AI.

It's sometimes sad to see how they are treated disrespectfully, be it a waiter, delivery workers, cab drivers, carpenter, or construction workers as they are the pillars and without them things will start falling apart. I know some of these can be automated but not everything.

I do not think we should be ranking fair job pay based on how mentally or how physically draining the job is. If there are too many blue collar workers, then obviously the job market will be over saturated and no boss will wish to pay anything but the cheapest rate. And due to blue collar jobs not requiring any higher education, basically everyone is qualified.

Jobs that are easier to obtain get paid less due to the fact that almost anyone can do them. Too much competition is bad for job pay.

The market regulates itself. At least that is how I see it.
357  Economy / Gambling discussion / Re: You can not win if you do not risk on: February 05, 2024, 01:55:08 PM
Only risk what you can afford to lose. And we know that a gambler can only win big like more chances if they risk big so dont expect a lot if you only gamble a little. Sire there are people who wins big with smal bets but thats what luck does so dont lose hope

I think people often misjudge the amount of money that they feel it is ok to lose. Either that or they play until they forget themselves and once they realize they are in trouble, it is too late and all the money is gone.

What the saying should be: only gamble small.

As long as people play with teeny tiny amounts of money, they can have the same adrenaline rush of gambling but without the part where they doom themselves into a really bad financial situation.
358  Economy / Gambling discussion / Re: How many hours is the best time for a gambler to last while gambling? on: February 04, 2024, 07:28:35 PM
In my opinion,  the more time one decides to spend on gambling, the more money they lose. For example, if I spend like one hour gambling and another gambler spends like six hours gambling, which one of us do you think will spend more money?
I agree. I don't like people who say they have made a lot of money from gambling. I think that is a lie. Nobody gets rich from gambling. I only know that rich people gamble for fun and spend their money. So it doesn't make sense if someone thinks they can make gambling a source of income. That's very contradictory. So the longer you gamble, the more money you spend. I would like to say that I never spend my time gambling. So I think the best time for gamblers is as little as possible. And the closer to zero the better. Sorry if my opinion is wrong because I think everyone certainly has a different view.

A lot of gamblers would rather lie than tell the truth because the truth is a lot more embarrassing. Who wants to admit that they lost more money than they won? It makes you look bad. People also lie not only to other people, but also mainly to themselves about the reasons that they gamble or the amount of money they have won (or will win). That too is just a result of the human ego.

Obviously the longer you gamble, the more money you lose but as long as you only gamble tiny amounts, you can still have your fun without losing your rent money.
359  Economy / Gambling discussion / Re: Not everyone deserves to hear of your winning in gambling. on: February 02, 2024, 10:00:33 PM
Every story you tell someone can either be a motivation or something to get them depressed. I have been thinking about this and I'd like to pass this advice to every serious gambler in this platform who has won a substantial amount of money from gambling, not to share their success story about winning to everyone and in every place. You do not know the story of every gambler, and on the face some gamblers may just look alright but in deep down they are in debt, some depressed due to addiction to gambling that is destroying them and has made them plan to quit. Your success story when shared indiscriminately may trigger and motivate this addicted gambler battling to stop to want to keep gambling, having the believe that their time is close. Be careful who and where you talk about your success in gambling, you may just be encouraging an addicted gambler to continue.

The less people know about you, the happier you will be.

I think that is very true. At least it has been, for me. Most people will choose to exploit your weaknesses if it serves them. This does not go for ALL people, of course. But I have found it useful to hedge your bets against human nature.

And everyone is differently affected and need different cures. So they are the only ones who know how to best help themselves.

Success stories are great motivators though. That alone may also help people battle their addiction.
360  Economy / Economics / Re: Save while young better than wait on: February 02, 2024, 09:37:12 PM
Look, you can be old and rich or young an poor, but being old and poor is bad shit.

A surefire way of doing the wrong kind of things is to spend your money early or try to live a good life quickly without thinking about the future. Or if you have an ok job or income to think that is enough, even if you cannot save.

All young people, understand that time an money are linked. It is not the same to invest early than late, it is not the same  to invest more early that try to invest more later. 100 is worth 100 today, but 800 in 20 years if you play it safe but well. Make no mistake, you will need to start creating your wealth.

You just listed the reasons why saving will not really work out, in the long term.

Something worth 100 today is worth 800 in 20 years. But you still have the same amount of money as you put into your account. That is not really productive. What would be productive is to put that money into something that you can hold and that something will grow in value, over time. I personally would recommend Bitcoin but there are other ways to invest. And there are so many things worth investing into because their value steady keeps rising.

 
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