This can’t happen unless they’ve been following them up for a while. This is why it is discouraged to flaunt what you have in this cryptocurrency space. I’m not saying this was their case but this is something that will most likely happen to people who like to talk about how much they have because there’s no way someone can randomly rob you and ask you to send all your crypto money if they didn’t know it somehow.
It's because they are known to the public, and known rich people tend to face such scenarios. Of course, the culprint does research into crypto currency, and luckily they take action. Even without capturing the suspect, they are able to freeze the stolen assets, which is good, but what if it happens to none of the executive people? Will they receive this kind of treatment, or will they be able to have justice like what happened in the OP's topic? I guess not. That's why many people in crypto choose to stay quiet because they know they can't do anything when their assets are stolen, by force or not. That's why, in this industry, we need to stay anonymous and avoid flexing our assets, which might cost money. Staying vigilant and anonymous is the safest way toA protect your assets. You will get nothing from spreading about your crypto things, so just stay quiet and keep on earning. |
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The risk that involves in borrowing to invest is higher than bitcoin investment itself. When you borrow to invest them you have to prepare yourself to face and dance the music of the two volatiles. And as I said when you borrow and the investment will not favour you then you have enter into a very serious debt though all come from the amount you borrow to invest.
.Yes, youre right, its like your making your risk double. That's why, like we always hear,invest the money that you can afford to lose.It's like ik its like a golden rule in bitcoin or investment. You see, if you invest your money, then you don't have the fear that somebody will be affected if it's lost. You can invest all you want with the dedicated money you have; if it's lost, then only you are affected, but if you invest the money you've borrowed, then it maybe has interest, and what if you lose the money? Then you are in debt? And that's why we are avoiding "debt." We invest to earn, not to have debt, and make ourselves suffer, so if you don't have money of your own, don't make an investment; wait until you have some. It's more rewarding if you earn from your own capital; you are only in the profit. |
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Without a dought yes, bitcoin transfer is more efficient than using remittance now a days, even not bitcoin, online transfer is a trend now why? Because its much faster and safe also lost fees, but why many people still use remittance is because they lack knowledge or hesitant about online transfer, and as we know not all people are knowledgeable about bitcoin or crypto currency so they don't know the advantage of using crypto currency transfer and of course not in all occasions that cryptocurrency transfer is applicable. So in short its more advantageous to use online transfer now a days and there a lot of platform for that, in every country they have a popular online transfer, and for use crypto currency transfer is more efficient, but in some occasions only. Still we can't force others to transition and use online transferring like what they used, because it hard to know things that is new to them.
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I am a discipline and a responsible gambler but tend to quit gambling somedays.
I think I am going to be missing the whole fun of it but if I would find it difficult keeping total off it, I have thought of going around the gambling grounds (gambling tables) with a logical lucrative planning to taking advantage over the gambling tables though am not gonna be a partaker in the gambling anymore.
How do I take advantages over the gambles while I am not gambling anymore?
I tend to invest in the gambling. How?
At my visits in the gambling grounds, I will be lending my funds to the losers who has run out of funds and willing to bet more if they have more money.
I tends to make this a deal with interest charges with concrete agreement to be secured and I will be opened to also accepting collaterals.
I verily know that I will succeed more of the inexperienced and those gamblers who doesn't have gambling budgets including those who can't take control over their gambling emotions
Are you joking? You're saying that you're investing in a gambler who "runs out of funds"? Run out of funds means he doesn't have any more funds for a certain reason, and I guess because he lost it all, then you were saying you were investing in them and relying on them to earn? How can you say that it's investing? Its like you are relying on someone who gambles, its still gambling, haha, you just let other people gamble for you, and its a very risky thing ", I will be lending my funds to the losers who have run out of funds and willing to bet more if they have more money." In this statement, what if the gambler you are investing in ends up losing the money you've lended? I get it, you have a deal or maybe a contract, but how can you be so sure that he can pay what you've lent if he loses all your money? It's a risky situation, and yet you think that you will earn more from it. If you want a profitable investment, then get out of gambling at all. If you know you can't earn using gambling, which is not what the mindset is supposed to be, then find other things that you can invest in that have a low risk, unlike gambling. |
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I don't think it is more than 10%. Being an investor and being a gambler are completely different concepts and most investors I know are definitely hate gambling. On the other hand, there are only a few gamblers that are serious investors. Investors are in the game of making money. Gamblers are in the game of losing it and somehow they don't realize the game they are in. Investors know that building wealth takes time, usually years and getting rich quick is a fairy tale. Gamblers think completely the opposite. They want to wager 1 and get 10 in return in a very short time. As you see these two different group of people don't have anything in common at all so I would be surprised to see a serious investor being a gambling addict. They contradict each other.
Well, I'm sure we are not sure how many investors and, at the same time, how gambler gamblers there are, and I don't think that a gambler cannot be a crypto investor, and vice versa. My point is that anyone could be a gambler or a crypto investor. And I'm sure most of the investors in bitcoin or crypto currency do gambling. Well, because crypto currency and gambling go hand in hand, let's say many promoters of gambling are usually crypto currency holders because there are a lot of online casinos that offer crypto services. And that doesn't mean being a gambler can't be an investor. We can say that only a few people who started gambling are investors, because a large portion of them are busy being addicted to gambling and don't have time to invest, or, let's say, their investments didn't go well as they gambled. You are true about the concept of gambling and investors, but still both have a similarity; they both can be involved in gambling. You can bet on a risky investment decision. |
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I can feel you mate , I have a Highschool classmate that also once asked me about how and why I am to crypto but instead of answering and focusing , I just denied the question and Give Him no answers not knowing that those time he is interested in investing in Bitcoin .
pass forward after years we have conducted a HS reunion that we come to meet each other and upon drinking in table , we tackled about His crypto Journey and learn that he was a scammed victim and from their i have same feeling with you.
so why now that each person come to me about bitcoin? then I surely answering them and bringing them advises .
I agree with the "advise" part, because first of all, you and the OP don't have the responsibility to teach others. Why? In this day and age, all things are accessible. There is an internet they can use to search for materials or things they need to know. Yes, you could guide them or give them some advice and tips, but it will never be your responsibility to teach them what they will do in the crypto world. We all need to learn by ourselves because we need to stand on our own two feet, especially in bitcoin or crypto. We cannot rely on anyone in this field. I get your point and the OP's point, but that is the summary of this: you are not responsible for teaching the beginners; be a guide and advisor only. No matter what happens to them, good or bad, it's their own doing, not yours. I'm not being selfish or anything; I'm just being a good advisor and doing my thing as a guide. |
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The major reason why I play in those casinos that require KYC is because.
1: I don't have any choice if that casino is the only reputable casino that I feel safe and secure to play on and without any other choice, so for that, I may allow myself to go through the verification process just to get everything in place and set before I make any deposits.
In fact, I don't play in a casino unless I already have my KYC verifications done and approved before anything else, unless I am gambling on a decentralized casino that doesn't require my KYC.
Which is a good decision? I don't know why a lot of gamblers don't want KYC. I understand they are still hesitant about this concept, maybe because of security or because they are concerned about their personal information, but think again: you are connected to the internet and social media platforms; do you think you are safe there? As social media platforms require your personal information, does that contradict most of the pro-KYC casinos' policies? I know there's a lot more concerning about KYC, but try researching the purpose of KYC; you only see the bad side of KYC, not why it's being implemented. KYC is being implemented to protect the user and the business owner itself. Imagine being anonymous in an online casino and earning a lot of money; don't you think no one will be suspicious of that? KYC serves as a tracker if the gambler is engaging in illicit activity using the online casino, anyway everyone has their own opinion about KYC. |
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Being living in the neighbours of Turkey, in the same Asian region, it hurts when I see that our government here wants to declare the use of crypto as illegal and does not think crypto is a good thing. Sometimes I think we need to migrate to a crypto friendly country.
I get your point. Yes, it's good for people who use bitcoin or any other crypto currency to move to a country where crypto currency is being accepted or adopted, but of course that's not easy. Migrating to another country requires a lot of things to consider, like the living costs, etc. And I think saying that the whole country is adopting crypto is not only part of the turkey country; it depends on the businesses and establishments, but of course we are grateful that we see something like this; this makes us proud to be part of an advanced community and technology. I too want a crypto-friendly country, but it's much more rewarding if it's from our own country or home country. We dreamed of it, and like that, many people adopt and use bitcoin or crypto currency because it means that we are close to a more advanced technology when it comes to currency. |
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There are a few casino websites that offer that bonus, but they are rare and can't be easily found, and even if you find one, the bonus is too little; it is not enough to be used for betting or playing, and most of the time, those casino websites are scams that attract players with their bonuses without deposit. Why? for you to deposit on their website, that's it. If you want a safe and legitimate casino website, then stop finding one that offers free bonuses because there's no such thing these days, or if there is, there are more scams than legitimate ones. So if you don't have the capability to deposit for your gambling, then don't gamble or play. If you don't have the privilege to deposit because of a lack of money, then don't start something that could cost you, and if you have the capability and just want a free bonus, then stop also. Anyway, it's at your own risk. That's the wrongdoing of some people who cling for free, which could lead to something bad.
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Yes, it's legal. Like you've said, the parents are rich, so that's their property and not for the children. They have the right to protect their property, even disinheriting their own children. Well, at first, the children don't have the right to their wealth; it's up to the parents if they want to inherit their wealth from their children, so if they think that the child is not capable of the property, then they can revoke its inheritance.
But as you said, if the child is proven to be a gambler, any kind of gambler, then it is the right decision of the parents to not hand over the property. They can if the child shows improvement and avoids gambling, but if not, then it is better to not inherit the wealth from that child. I know no one will want to witness the wealth they build slowly fading, right?
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I did miss a few... I was aware of it in the past, but did not take the time to research on it. It is a pity, but at least we are ahead of normies
Well, many here also missed a lot of opportunities in bitcoin, even with the big lift in the bitcoin price, but that should not stop us. Even though bitcoin can provide opportunities, it depends on the people or investors on how they will see that path and how they will utilise it. The fact that you are still in bitcoin even if you don't experience the big turnovers means you are dedicated to earning and having a good future via bitcoin. I too, myself, did miss a lot of things in bitcoin. I can't say I'm late in investing in bitcoin; maybe I was just a recent investor in bitcoin for a few years. Even so, I still strive to earn from bitcoin, as there are a lot of things to do to earn, not just holding an asset. You can do a lot of things like trading, staking, flipping, and many more; you just have to discover and explore. |
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Just two  questions here: 1. Dis the family of this young man went too extreme in trying to help stop their brother from gambling addiction or not? No, they are right; they don't have a choice but to escalate things. Even if it's harsh or extreme, they have the right to do that. Well, based on your statement, the brother's gambling habit affects them, not just the gambler but the whole family, so of course they need to take action, even if they have to be extreme or whatever. In fact, if they want their brother to stop excessive gambling, then they can force him to go to a rehabilitation centre, even if by force. Yes, it's a bit forceful, but if you want to help a gambler in that state, if he can't be helped with a good way of stopping, then the next option is by force. 2. Assuming you are this young man and you had to run to a distant location to carry out your gambling as you are allowed to gambling within your neighborhood and luckily you won huge sum of million dollars. Would you share that money with your loved ones who were barring you from gambling or you will just stay off from them and live new found wealthy live alone?
This question will depend on the person who is answering; there is no right or wrong answer, but for me, of course yes. Why? Because they get affected by my excessive gambling, it mentioned that if he sells their property, then, of course, I will pay them back, but I thought that some gamblers who are too addicted would share their big hit; they might gamble it again, being greedy to earn much more. Like I said, there's no right or wrong answer; it depends on the person. |
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Every technology has its generation, the generation ahead of us will find it difficult to accept bitcoins since they are sticked to their former way of investment. Telling them about bitcoins is just like introducing foreign element to their system. But the fact about bitcoins is that, it is difficult for a newbie to understand the working mechanism, no humans cares only about making money but love to understand it's technicality to be more sure and give their trust to the process
Also, it's normal that if something is new to a certain person or to the crowd, they will be hesitant about it or have speculation about it without fully knowing what it is. You're right, it's like a foreign thing to them, and anything foreign or new tends to be scary or suspicious for almost all people. But what they lack is understanding and knowledge about bitcoin or crypto currency. The internet only worsens the image of bitcoin for those who are newbies in this field. That's why information and advertising for bitcoin or crypto currency are very important and impactful. With more advertising, many people will be interested in this field, but of course, with the right advertising, we need to educate them about the whole purpose of bitcoin and crypto currency. In that way, they can utilise the opportunities that bitcoin can give, and in that way, bitcoin will become more known and become more popular in the mainstream. |
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I used to use my crypto assets for gambling in the past, but not anymore. After I realised that it was not good to use your assets for gambling or betting, why? Well, because we know for sure that a crypto currency is a volatile currency, it's obvious that you will be disadvantageous if you use your asset for gambling, so I'm more on fiat or stable currency when I do gambling, mostly using USDT or any currency available; it should be stable.
I know a lot of you used your crypto asset for gambling, as some crypto gambling let you do that, but I think it's not practical to do that. Imagine using your asset and suddenly it increases or decreases, then there's a bad effect of it. But of course it depends on the gamblers; it's your money and asset, so it's your own risk. Just saying that is not practical.
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1. When virtual currency or crypto-currency reigns all over the world, the banking system will be miserable, and a group of people (who do not know about crypto-currency or bitcoin) will be unemployed all over the world, who till now were working at the convenience of various banks.
Disagreed, it might happen, but it's still far from happening. You see, all that's happening right now in the world is banking. The banking system is the main reason why there's budgets for every country, why most businesses are running, and many things rely on banking. So in short, the banking system cannot be replaced. Don't get me wrong, I want bitcoin to be in the main stream, but consider, of course, the other things connected to it, for example, banking. 2: Unemployed people (due to a lack of knowledge of currency requirements or benefits) will not be able to handle this shock in the first place, due to which they will face various financial, lateral, physical, and mental problems, which is a big challenge for them.
There's a process or right transition for everything. You only think about the negative side of bitcoin being the main stream or adopted; of course, before transitioning to crypto currency, there's a proper way for that. It can't be in an instant because, of course, it will create chaos and disorder. So before thinking of anything, think about how bitcoin will slowly but surely be adopted. There's a right process and step for everything. |
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First of all, the question itself is suspicious. Why? Because there is no context on how the creator of the question lost his bitcoin, I think the intention of the post or question is to promote something. Just like the OP said, he sees a lot of answers that give Telegram groups or other platform groups that say they can recover a lost bitcoin, which is a bit suspicious. How can they recover the bitcoin without the concept of how it was lost to begin with? And I'm sure those groups will not do that for free, so they will charge for their service, but what if it's also part of their plan?
I don't want to judge, but the question itself is lacking in information. At least provide a context on how the bitcoin is gone. Anyway, that's right, don't just click and join other groups on other platforms; it can be malware or a trap, so better be careful. For instance, if you really lost your bitcoin without an idea of how it happens, then create a report to the platform where your bitcoin is stored. If you lost your bitcoin because of your doings, like sending it to the wrong address, then it's entirely your fault, and as you know, bitcoin transactions are irreversible.
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I base my question about whether a gambler can become a good bitcoin trader, because both of them share one factor which is risk. A gambler is a risk taker, he stakes his money without knowing the outcome of the game that he is about to play. There is no guarantee that he will win, yet he goes ahead to play, knowing fully well that he can lose his bet. Same thing with a bitcoin trader, he goes ahead to engage in trading knowing fully well that the market can turn around negatively for him, making him to lose his bitcoin. Yet he goes ahead to trade in the hope of making profit.
Although there are some differences between the two, like most gambling depends mainly on luck. You play and let luck decide fate of the game, that is the risk factor, because the gambler doesn't have any control or influence to determine the outcome of the bet. Also a bitcoin trader doesn't have any control or influence to determine how the market swings, he takes the risk to trade his bitcoin without knowing the outcome whether it'll be profit or lose. The diffidence between the two is that a bitcoin trader can predict the market, while a gambler can not predict the outcome of a bet, except in sports bet.
So if a gambler where to go into bitcoin trading, do you think that the experience of taking risk in gambling will be an added advantage to face the risk of bitcoin trading?
I think that someone with the mentality of a trader can be a good gambler, but someone with the mentality of the average gambler will make a bad trader, let me explain myself, traders by the nature of their jobs have to evaluate the risk they are taking, so when given several bets they will take the one they evaluate as the less risky and the most profitable, but a gambler is used to take risks regardless of how high they could be, and this is a huge mistake when trading as it is in those instances in which massive losses can be accumulated. I disagree with this. A trader is based on technical analysis, or, in short, more on technicalities, and you said that they can be a good gambler? No, gambling is mostly about luck. How can a gambler apply its technicalities? Maybe in some games because traders can distinguish the risks to take or not, but not all the time because most gambling games involve other people, such as their opponents or the middleman who operates the game, while in trading only the trader and the market. So I disagree that a trader will be good at gambling. Yes, maybe, but don't say that you need to be a trader to be good at gambling. But being a gambler doesn't mean he doesn't have a chance to be a good trader; if he or she spends time and effort studying trading, then I think he or she can be good at it. In short, the context of being a good trader and a good gambler will depend on the person itself. |
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Of course yes, and if your concern is that the owner will have a privilege, it depends. Some betting company owners include themselves in the terms and conditions, which means that if he wants to gamble and bet, then he should also undergo registration, and if the owner wants some special privileges, then he can, but what's the point? He or she is the owner of the betting platform, and even if he or she wants to earn a lot, of course what they earn comes from their platform. Maybe on another platform that they own, they can bet on that, but on their own betting platform, I don't think they will get anything from that. Maybe they can make a bet, but just for fun and entertainment. And I don't think they have the time to play or bet because they are busy with their work, but maybe if they have a little time to entertain themselves,
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Because Bitcoin is not for trading, Bitcoin is for long term investment.
I don't think it's bad for trading, bitcoin also has volatility that is worth trading. Traders can determine their favorite coins to trade after some evaluation. Even on some exchanges you're allowed to use up to 100x leverage, if the Op is good enough at this then he can generate profits bigger or faster than long term investments. I agree that even though bitcoin is considered a long-term investment, it's up to the trader to see the potential profit. That's why we have scalpers, but there's no specific time or day to consider bitcoin as a long-term investment; it depends on the investor or the trader. That doesn't mean bitcoin is long-term; you will just let it sit there. You can use some for trading to earn money because we have needs in everyday life. Altcoin doesn't mean you will lose money or that it is not good for trading; it, of course, depends on the traders. Many traders take advantage of altcoins, which indicates trading will depend on the skill and knowledge of a trader. So any coin can be profitable; you just need to find or take advantage of it. If you keep losing altcoins, then it's the trader's fault, not the coins. I personally trade not just bitcoin but other altcoins and shitcoins, and so far it's gone well. |
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All over and over, gambling is all about luck. Yes, it can be both luck and skill on other occasions. For example, in other games or specific casino games, it yes requires skill because, of course, you can't play the game if you don't know the rules and don't have the skill to execute, but in all, you need luck in order to have, for example, good cards for poker, tongs, or in the card games in short. Lucky to have the provability of a slot machine.
So basically, gambling is all about luck and skill. Knowledge is just second to luck, but of course a mixture of luck and skill is important. You can't gamble relying on pure luck, like you can't play gambling if you don't know how it works; you just rely on luck. That's not it. So if you're a lucky person, then that's good for you, but if not, then better not start gambling, because I've known a lot of gamblers who are very skilled but don't have luck.
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