Here are some ways to control these emotions:
1. Don't expect much profit. For example: You think that you will become rich by investing in a coin.
2. After you have invested in a coin, you find that for some reason it has gone down in the market. At this time, without being emotional, you first look at the condition of the token, what condition it is in, and then take a decision with a cool head.
3. Avoid revisiting a coin after investing. You place a sell order with a specific target.
4. Trade according to market conditions. Don't immediately invest in someone's words.
5. Stay calm and try to control temporary emotions.
You can add "a profit is a profit," or, in short, don't be too greedy. I personally experienced this and learned my lesson in a hard way. What I mean is that in the past, when I started trading crypto, I couldn't get satisfied with a little earning; I wanted more, and because of that, I kept losing trades and still didn't stop because I wanted to chase my losses. Little do I know, I have become too greedy, resulting in more losses than earnings. That's why it's important to also control your greed; don't even think about being greedy. All you've stated is true and should be followed. Let's see more of the people in this forum to see what they will add to your list. I know many here experience a lot of stuff in terms of trading, and I'm talking about the negative happenings. But we are not perfect, so sometimes we still repeat the wrong deed. Maybe we just have to set boundaries to control ourselves. |
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Everyone can bring bitcoin; everyone can own it; the difference is that not everyone can earn it. Bitcoin is not to be taken lightly. Before you can earn from it, you need to first study about it; it's not just investing and then hoping to earn, not like that. So for the question, yes, bitcoin is for everyone. Everyone has the right to buy and hold bitcoin, but not all can expect to earn from it. I know many people who got hyped by bitcoin and didn't go well as they entered a world where they didn't know anything. and they regret it. Some get their lesson, but some quit bitcoin. The one who learns from it is now making a good profit, which is great, and the quitters have now found a way to earn. I also have come to that phase where I question myself if bitcoin is meant for me, and I'm still wondering right now, but instead of thinking aimlessly, I still continue finding opportunities through bitcoin.
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So, for some days now, I've had this thought of "how much some people really value their privacy in gambling", like as a gambler, you signed up on a new casino and immediately, you are allowed to deposit and play without going through a KYC verification process like we do on some casinos immediately after registration.
You start playing and luckily, you won a significant amount of money.
I know the word "significant" can mean different values for different gamblers, so let's use figures i personally think are significant and capable of changing lives.
So, let's assume you luckily won anything as from $70,000 and above with a total bet below $100, and to withdraw this money, or even part of it, the casino requires you to pass all levels of verification in their system, which means that you will have to provide them all your personally information down to the most private of them all, and this casino is relatively new and you are not sure about their reputation.
Will you go ahead and provide them all they require from you for account verification, so they can process your withdrawal request, or will you willingly forfeit such amount of money back to the casino on the account that your private information is more expensive than that amount of money you have own from them?
I love to read your thoughts on this.
Well, it's a common process on any website, not just in casinos, to ask for KYC if you are going to withdraw money because how can they know where and whom they will send the money? But I understand your concern and worry. Maybe before depositing and playing on a website casino, make sure that it is legitimate. Do your assessment first, look for reviews to see if that website has a bad reputation when it comes to withdrawing money, and if not, then it is okay to provide your KYC to withdraw your money as it is the common process when it comes to withdrawal. especially if we are talking about a very huge amount of money. I personally agreed with KYC as long as the website itself is trustworthy, the website is secure, and they value the important impressions of their customers or players. So, in short, do your assessment first before playing on the website. |
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That's the reason why I don't link my credit card to my online casino, or I don't use my credit card to gamble because I know it will be a bad idea, and I will continue to use my credit card as I start it, so I keep away from gambling. Let's say it's my limitation; I only use the money that I allocate for gambling and have the discipline to not use other money. I value my money not to be lost, so as long as I can, I will never ever use my credit card for my hobby, which is gambling. Using my credit card for gambling is like having a debt that will take a toll on me and could get me into a tight situation, which I avoid as long as I can. Rather, I fuel my gambling from my other sidelines which I have invested.
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I miss the moment wherein my life could change in an instant with the bitcoin boom in price. I truly regret not knowing about bitcoin and exploring it, but that doesn't stop me. In the year 2019, I started knowing what bitcoin was, and after that, I studied and did things related to bitcoin, mainly to earn. Even though I have regret, instead of being depressed, I strived and created my own path through bitcoin. Right now, bitcoin, or cryptocurrency, has given me a lot of opportunities that could lead to a profit. And I will still do bitcoin as long as it has value and as long as I earn from it. Not just me; I also influenced my friends about this aspect and helped them earn, not just by spoon-feeding them but by teaching them to strive their own way, and right now they also earn a good profit, which is good.
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Bitcoin holders or investors should not lose patience and wait until they are pumped into the market. It is not possible to tell clearly when the Bitcoin market will pump or when it will dump. But the next Bitcoin halving is supposed to be a Bitcoin bullrun in the year after. Those who are fundamentally good investors must never lose patience with investing in the market but must be patient to be the next bull run.
Well, you are just saying what the topic creators say. You say we will never know when bitcoin will rise, but you've mentioned "Bitcoin bullrun in the year after", How will you be so sure? Not all bitcoin investors have the luxury of holding while waiting for the bull run. Remember, not all holders are fortunate like the others; they invest in bitcoin to earn, so I feel what the topic creator feels. If everyone says, "Just to be patient," then how will we be so sure that you also apply that? My advice is that instead of only putting all your assets on hold, why not get a small portion and invest it in something that could generate income, like trading or any other means? We have this forum wherein you can read and find opportunities from different people, so instead of getting frustrated waiting for bitcoin, go invest in other things. |
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The Australian Government once said about abolishing gambling ads as a means of reducing gambling activities amongst underage people. But, I think they'll be no successful way of stopping young people from gambling. As it's in them. Most articles here also say things like gambling addiction being hereditary. That means gambling can be hereditary as well. ~
Of course gambling is hereditary, it's in our genes. Life was tough millions of years ago, those who where afraid of taking risks didn't survive, did not produce offspring, did not pass on their genetic code further. But now we are living in different times. We should learn to suppress those inherited instincts if needed. And we should teach our children that gambling is not for them until they grow up. There's many things for adults only and gambling is one of them. It's easier than said. Even if you teach or lecture your children, you can't stop them from exploring things, and gambling is one of them. Parents can't monitor their child's activity 24/7, so they will never know if their child is gambling. In short, the person itself explores things like gambling by nature. The most possible solution for children not to do gambling is to abolish gambling itself, which we know is impossible, so what will we do? Maybe more censorship, especially on social media and television, or on all platforms that children can access. I personally do gambling, and I don't want to go to the point wherein my country will prohibit the gambling, whether online or physically. So it's up to the parents on how they will guide their children; it's their responsibility. If a parent itself does gambling and you let your children witness it, then you as a parent are irresponsible. |
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Gambling less I think is a good way to stay safe in gambling instead of constantly trying to be frequent and regularly playing gambling to make sure one wins his gambles. Though it's not a guarantee to be a successful gambler but it'll help regulate and control a person's emotions whenever he's betting. So gambling less is a good way of gambling.
Gambling doesn't mean you are safe from losing money. What if you gamble less, but the amount of money you place or bet is big, so if you lose, it will still have a big impact on you? The safest answer to this question is to stop gambling at all, not limit yourself, or have a good mindset and self-control. Just quit totally, and you will not lose any money. But I understand there are gamblers who can't just easily let go of gambling; they will still want to gamble at any cost. If that's the case, if you know that you can't make yourself stop gambling, then seek help, do rehabilitation, and such. Seek help from your friends and family so your attention will be directed to other things, like sports or another hobby that could make you forget gambling. If your goal is to earn, then find another means of earning. |
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Why do we need to keep our records when we all know that the gambling market changes from time to time. What happens today will be a lot different tomorrow so keeping some records will not be essential at all. Gambling is luck based, and you can’t predict when you will be lucky in gambling, so keeping your records about your losses and gains will not be helpful and won’t change the situation. If you want to minimize your losses, manage your gambling habit and always bet on the amount you can afford to lose.
I disagree with this; I do gambling and also keep records of wins and losses. Why? To monitor my money, whether I earn or lose more money, for example, if I allocate a certain amount of money as my capital, I have a spreadsheet where I place where I place a bet or play, how much I spend, and then record if it has been gained or not. From there, I can keep track of where my money goes. Documenting your expenses is a good idea because it could give you a reminder of where and what you've been spending, where you play, etc. Yes, gambling is a lot more about luck, but keeping records of your activity in gambling doesn't do anything with what you're saying; it is completely different. And keeping a record is not bad; it only shows that you are responsible for your money, so keep on doing what you're doing. |
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It will depend on your strategy or prediction, but it is also good that you asked questions to gather different insights here in the forum. So for me, based on my view in this matter or my situation, I'd rather keep holding my bitcoin. Why? Well, because for me, the bitcoin price right now is higher if I'm correct in my prediction, but of course I do analysis and use indicators to support my predictions. But I'm just a normal citizen in need of money, so I partitioned my bitcoin asset; one portion is for long-term holding while the other portion is for trading. So I can still earn while waiting for the anticipated increase in bitcoin price. So it depends on how you manage your asset, how you will earn it, and what way you want to earn it: in the long term with high chances of big profit or in the short term and regretting selling early.
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Gambling is fun but you need to deploy a strategy that will help you control your addiction to gambling.
Always go to a casino gambling center with your gambling budget in cash and don't go with your ATM card so that you will not withdraw cash from the ATM when you finish your gambling budget.
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Do not chase your losses in gambling, it is always tempting to keep on playing to recover the money you have already spent. The longer you keep chasing your losses the more you will lose. Know when to leave a gamble if it is no longer fun. You can also reduce how often you gamble by creating a timetable that will guide you on the days to gamble
But in order to do what you've mentioned, the most important things are "discipline" and a strong mind. Why discipline? Simple: with discipline, you have full control over your mind. A gambler with strong discipline will not do things that exceed the limitation; an example is playing more even if you know where things will go. Strong mind, because every time you lose, you will not be swayed by your thoughts about playing more; maybe you will win and not notice that you are making yourself suffer. With those two concepts embedded in your mind, you may eventually be successful at gambling or earn more from it. Also, your greatest enemy will be your own mind, so better set boundaries and limitations so gamblers will not be swayed or make decisions that are not reasonable. And if gambling is just a hobby, then it's also a waste of my time. Find a suitable way to earn money for you. |
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Those that keep their gambling habit a secret is it that they're not proud of what they are doing?.
I think it's not about that they are not proud of what they are doing but maybe they just don't feel exposing themselves publicly with gambling or they just need some privacy. It could be that they have justifiable reasons why they did that. Common reason is of family related issues second one is the nature of the specific gambling or there is an issue about regulations or legality. I agree that gambling habits are something that is not to be brag about or announced to other people because, in local norms, the word "gambling" has a negative impact. Gambling will only lead you to misery; you will become addicted, lose money, and become poor. As such, people tend to judge someone who gambles, even if it's your own family. Well, they are not to blame; we can't pleass with other people and force them to accept us gamblers. That's why I choose to keep my hobby to myself. It's not that I'm not proud of myself or shamed because of my hobby; it's just that I want to protect my reputation and don't let other people judge me as I know I don't deserve it. Well, I choose to do gambling, and I guess I need to accept that, but gambling for me is not a thing to be proud of. |
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How long? I think, as an experienced trader, forever, why? Because even if you earn from trading, your technical analysis or execution of your skills, such as chart mapping or indicators, will never have 100% accuracy, and your input will still have a margin of failure. I'm not saying you will need 100% accuracy to earn. It's just that the crypto market, or the market itself, is unpredictable sometimes. Even if your mapping is good, the market could be affected by many factors. There will be a lot of losses in the trading journey; it's up to you how you cope with them if you can take them. Trading requires more than just technical or analytic skills; you should have a strong mind to take the losses. Even I, an experienced trader, sometimes feel like a failure, but that doesn't stop me from achieving my goal, which is to be a successful trader mainly in crypto.
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Some gambling questions I want to ask please answer.
How many percent of signature earnings you gamble away?
10 - 20% of my earnings, normally 10% only but if I have extra I make it 20, well because I also have another sidelines in my collections to support my hobby and also hoping to earn more. Do you prefer Fiat or crypto at a display currency?
I prefer fiat, well to see my balance or such, its a to more easier than going to another tab and search a convert from fiat to crypto currency What is your favorite casino platform?
Bitvest, I hooked up with this game and of course I signed up for signature campaign, I also have some casino website but I spend a lot of my money in Bitvest. Are you a responsible gambler?
sometimes not, sometimes yes it depends on my mindset, sometimes I didn't notice my spending and going over board with my capital, which I admit me being irresponsible with my hobby. |
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Some gambling questions I want to ask please answer.
How many percent of signature earnings you gamble away?
[/b]. 10 - 20% of my earnings, normally 10% only but if I have extra I make it 20, well because I also have another sidelines in my collections to support my hobby and also hoping to earn more. Do you prefer Fiat or crypto at a display currency?
[/b] I prefer fiat, well to see my balance or such, its a to more easier than going to another tab and search a convert from fiat to crypto currency What is your favorite game you play all the time?
[/b]Bitvest What is your favorite casino platform?
[/b] Bitvest, I hooked up with this game and of course I signed up for signature campaign, I also have some casino website but I spend a lot of my money in Bitvest. Are you a responsible gambler?
[/b]sometimes not, sometimes yes it depends on my mindset, sometimes I didn't notice my spending and going over board with my capital, which I admit me being irresponsible with my hobby. |
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In my opinion, having a small amount of money when gambling is a very good thing, indirectly we reduce the risk in gambling such as not losing all our money. If we can apply this in our daily lives, it will be good in the future, and will not cause problems in our lives, because we realize that gambling should only be for entertainment, not to make money.
That is a very good thing because they will not experience as many losses and they can reduce their risks. And that's what we have to do when gambling because our goal in gambling is just to have fun. If we want to make money, we can work somewhere else that can provide that money. In gambling, we don't need to take too big a risk because it can result in big losses, especially since we know that gambling can tempt us to keep playing. Yes, allocating a small amount of money for gambling is good; the smaller the capital, the smaller the losses, but what if you keep on refreshing your capital with a small amount? It still doesn't change the logic of losing a huge amount. It can apply to gambling addicts. Let's face it, a large percentage of people who gamble end up losing a large amount of money, disregarding discipline and their boundaries. It often happens to those who once got a big win or lost a huge amount. And yes, I will not be a hyprocrite. I do gambling aiming to earn a large amount of money; I treat it as my side hustle, so earning money is a higher percent than enjoying while playing gambling. Well, that's life; we've got to find something that could earn you extra money. Yes, there's more ways to earn, but this is the one that I believe could lead to wealth. |
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How will you feel if someone you know or just a friend of a friend walk up to you and ask you to finance them in gambling in exchange for a portion of their winnings? Does this even make any sense?
Because the only place this makes a bit sense is the skills base niche like forex trading or crypto trading, how can gambling/gambler be financed?
Have you heard of such before? What is the end result if you have?
Why would you trust anyone to gamble better than you can when it's all about luck?
Is anyone doing this on here?
Someone explained this to me, and I believe he is already a victim because to me it doesn't make sense, I believe he is been used because he lacks knowledge about gambling, do you think my judgment is wrong?
Yes, I personally have a colleague at work who does gambling, and I invest in him. So far, it's good because we have a contract about the share or earnings. I, of course, make sure that I will not be scammed or lose my money, so we talk about the contract carefully so it will be beneficial for both of us. Well, I also assess him first before I invest; I ask for proof of legitimacy or his earnings through gambling; and I also observe him for a specific period of time. In short, I do my own analysis to determine if I'm going to trust my money to that person. So far, the income is continuous and fixed, and I also earn beyond the capital that I gave him. In fact, I put in more money little by little to expand my earnings, and right now I truly trust that person. How about the others? I think some experience is the opposite of what I've experienced. |
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There are always opposites in life. Someone want to use Bitcoin as gift to wife. In contrast, someone want to sell wife's jewelry to buy Bitcoin. Invest in Bitcoin by selling wife's jewelry. Gifting your wife is from your own side, it's easily to do and don't need permission of your wife but I am against the idea to sell your wife's jewelry to buy Bitcoin like the shared topic. Hopefully the gifted bitcoin will be hold long time enough to get profit. I agree; it is definitely a blessing if your wife takes a liking to what you are interested in, like Bitcoin. A bonus is that she is futuristic when it comes to holding the bitcoin, but I suggest it will be great if you will not just hold the bitcoin but instead try doing trades or anything that could grow your bitcoin. With that, you and your partner will be hand in hand, and you will have someone to talk to about this stuff. About the shared topic, I also agree that selling assets like jewellery and such in exchange for bitcoin or any cryptocurrency is not a wise idea. We will never know what the value of bitcoin will be in the next few days. Also, jewellery is a memory that cannot be replaced by money, so better not exchange the jewellery assets for bitcoin; instead, allocate a budget for that if you really want to invest in or hold bitcoin. |
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Well, earning by crypto is not new to me, but yeah, this forum is one of my stepping stones in my crypto journey. At first, I saw this forum as a reference or forum where I would get knowledge related to cryptocurrency, and then I discovered how to earn here through signature campaigns and such, and I didn't stop there. I expanded my knowledge and skills about crypto by investing in different kinds of things related to crypto. I also do trading, which is regular for me. Well, I admit I still don't have a bitcoin as I also have expenses, but I will not stop until I earn at least 1 bitcoin; that is my long-term goal. Happy earning, everyone! For the others, maybe they earn thousands worth of bitcoin, and I admire whenever I see posts about their archive, which is a good motivation for those of us who aim to be wealthy through bitcoin.
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Why not just let kids gamble and observe their results and behavior? Why not make a test first before making decisions like turning off the internet, setting filters, gambling secretly or at night and etc? If they show low interest to gambling then there is little to worry about. If they raise interest to it, then make a serious talk with them about consequences. What if they are one of a billions talented kid that gonna become a next poker champ and you kill that in the bud.
What? I didn't mean to contradict you, but letting kids play and observe? Even kids who don't have an idea or interest in gambling have a phase in their lives where they will be curious about the things they see. Maybe they will not be interested at this time, but what if someday? What if they remember that time when they saw gambling and were curious and wanted to try gambling? I don't know about the mindset you have. Next talent? Even in the statistics, it shows that most of the gamblers experience great losses, or gambling itself doesn't have a very good reputation in terms of means to earn. I'm not against gambling, as I also play gambling. I will disagree with what you said; letting a child have a glimpse of gambling at a young age is not a very good idea, especially if you are a parent. That's all. |
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