I doubt that the amount of bet has some impact on a result. That little bets can suddenly win large amount, and large bets rarely win big amounts. I think it is about psychology of a person. Before we place large bet, we do sort of a research, try to find help in prediction of the result and etc. But when we place small bets, we often dont care much about it, nor expect much. We dont expect it to win. So when it wins, we emotionally pay more attention to it.
But a small amount of money will be impactful if you bet numerous times. Numerous small amounts will be equivalent to one large bet amount, so no matter what amount of money you use to bet, it will affect the gambler in some way. I often place a large bet in sports betting if I'm sure about the outcome of the game or if I have the analysis that I can have a higher chance of winning the bet, but if I'm not confident enough or if I'm not sure about the outcome of who will win, then I will only bet a small amount. This is my way of minimising my losses. But of course I bet a large amount in a bet. If I feel greedy and it can't be helped, it's normal for every gambler. Just make sure that every dollar that you bet is money that you can afford to lose. |
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The thing is, will the parents let that happen? As a parent, of course it's your responsibility to secure the future of your children's. If the parents are already under the influence of gambling, then as a parent, it's your responsibility to not involve your children, your partner, or any of your relatives in your gambling habit. In terms of inheriting the debt of a parent to children, I don't think there will be a law about that unless there is a written agreement about it, but what parent will let that happen? What parent will let the parent make his or her children suffer from debt? Because it will be a trauma for that child because even without starting to work, they already have the burden of paying debt from their parents, and it will be a bad thing because the child will surely have grudges and anger towards the parents.
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Well, if this is the first time it happens, then I think we can talk about it and forgive her, because remember, if you are married, you will be together in the worst-case scenario. Yeah, the impact of that might be the worst and will be a very hard challenge. But if this happening keeps on going, then that will be a different case; more than once is enough; that should be a lesson to stop gambling at all costs. especially if you are already in a family, being responsible is a must. Stop what you are doing that could affect the family's state.
But there is still a case wherein the loss of money gambling is so bad that divorce is inevitable. For example, if the funds or money that your partner lost in gambling should be allocated for an important thing in your life, like tuition for your child.
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Honestly, the price of bitcoin right now is great; the current highest it goes up this year is $64k; after that, the price is playing between $63k and $61k, and the rapid increase got slower, so, at this time, the question is, is it good to enter the market? If you will do a trade, there is a great risk as the price could go down if you buy in a bad position, so if you are a trader that could turn risk into opportunity, then do so. But if you are just going to invest by holding, then I don't recommend it. You can do so, but if you buy bitcoin at the wrong price, then the value of your bitcoin might decrease, so think carefully. But if you are already a holder, then it would be great to keep holding on to it. As long as there are not many holders selling, the bitcoin price might increase even more.
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To make a living, we must work. In uncertain days like now facing the global economic downturn, a stable job with high income becomes a scarcity. A side job or business seems like more necessary than ever, which can minimize the risks of losing your current job, ending up pennyless. However, a side job/business also takes time and efforts and can never be attained whenever we need it. What did you do or will you do in order to ensure your finanical stability despite all unfavorable circumstances ?
Well, I agreed with you. With the way our country is now, we don't have to only depend on our work that pays monthly, we have to do a side job or business that we earn money daily or weekly because it will save us from a lot of pressure from the country like high cost of goods and services and with side job or business, we will be able to save for future use and gives us peace of mind . Doing a side job or business can be very helpful and improve our financial stability in some ways. Not just a side job or part-time job, because you are not sure for how long you can sustain working in your full-time, side job, or part-time job, right? Instead, aim to have a business where you know you can handle or manage it. Make use of your skills and mind in order to come up with a business you might establish that can guarantee you a profit for the long term. I said this because this is my long-term goal, where I don't want to work in corporate for too long. I want to have a business when I'm still young and make it grow and focus on it so that I am the boss and I can handle my own time. But of course, establishing a business is not that easy. That's why you can only do that if you know what you are capable of, business or investment that should be the goal for those who are already in corporate work. |
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He is very lucky to have won lottery in fact not everyone is so lucky. I have also bought lotteries many times but luck has never been with me. Never received any award of course if your luck helps you then it is possible to win this lottery the first time, although in all lotteries if luck is not helping you there is no benefit even if you just buy tickets year after year. If you are lucky you can win crores of rupees by buying the ticket for the first time.
Yes, that's right, and lottery games like that really rely on luck and luck doesn't favor anyone, so luck always chooses those who are really lucky at the right time. I said it was good luck for him. After all, what you said earlier is true, no matter how many lottery tickets we buy. In the end we don't get anything if luck is not really on our side. The point is, don't ever expect much from gambling games like the lottery because those who hope will usually never get anything. Sometimes people who don't want it are actually lucky to get it. I once bought a lot of tickets at a weekly lottery event on a bitcoin site and until now I haven't gotten them, especially other lotteries. I'm sure I don't have talent and won't be lucky with that. In essence, I prefer to gamble with gambling that doesn't just rely on luck but also rely on analysis or strategy such as sports betting, never gamble just because you see someone win big money in a lottery game, playing with what is your own talent is better because it is not easy to get a big jackpot in the lottery. You got it right; it doesn't mean other gamblers won a lot of money or hit a jackpot; it means one day it will also happen to you. That is one of the common mistakes of those gamblers who have a hope or hope that someday they will win in a gambling game or in the lottery, and that's why they will still keep on gambling or betting. But in reality, not all people or gamblers hoping and hoping and also keeping on betting will eventually reach the thing they want; not all people have that luck in their lives. It's not bad to bet frequently and to hope that someday you will win or get a jackpot; what is bad is that you will expect that it will really happen because you will only hurt yourself from the reality that not all of us will be lucky at one point in our lives that would change our way of living. |
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I want to believe that we all agree that our betting budget should be within 5% -10% of our monthly income as responsible gamblers. However, our perspective on sports betting differs. Look at the gambling sentences and indicate which of the statements you agree or disagree with. You could also write a brief explanation for your standpoint
1. Don't bet all your money on one bet.
2. Bet the same amount on every bet.
3. Don't bet more than once a day.
4. Don't bet every day.
In all of the items listed in your statement, I only agree with numbers 1 and 4. The thing is, it is true that you should not bet all the funds you have in one bet because it means you only have two choices: lose it all or double it. It is a super high-risk way of betting, and in "don't bet every day," I agree with this because not every day you are in a good condition to bet in a sports game or anything that you can bet on, and not every day you are familiar with the team you will bet on. Number 2 is unrealistic because, of course, every bet you make doesn't have the same amount to bet on, and number 3 is also unrealistic because I'm sure most of the bettor can't fight the urge to bet on consecutive days, especially if the team or sports that they bet on are going to happen in consecutive days as well. |
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When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?
Being a father comes with so many responsibilities and sometimes the pressure one feels may let someone forget about playing games and gambling for a while. The case might be different for separate individuals especially those with addiction issues, some people might choose gambling over their families due to the addiction problem and we have seen cases where gambling causes problems to marriages and end up breaking down the marriage. A person who barely makes enough for himself and his family should avoid engaging in gambling until he is stable and able to control things financially in the family, and even at that he should be able to control himself and only gamble casually and not often. Gambling can be beneficial and at the same time it can be harmful so we should avoid gambling more often to prevent addiction. True, it's not that we are stopping gamblers from playing gambling when they want; it's just that we are saying that if you already have family, especially children, and are not making enough money for the family, then it's really recommended to stop doing gambling at all as it will affect the family's financial state. But if you are from a wealthy family, you can gamble all you want, but still, there should be a limitation because maybe you are being too addicted and you will forget your responsibility in your family, not just financial responsibility but of course the bond to the family. I've witnessed a lot of stories about a gambler being addicted and stopping their addiction because they became a father or mother. It's like reality hits, and they feel the responsibility that will come. Also, gambling will most likely influence your children to it, no matter what hiding you do. At some point, your children will discover your gambling habit. |
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That guru is right, proper risk management and discipline. Why he's talking about discipline? Because when a trader is in profit, they should take profit asap. And you're also right that whatever strategy works for each of us, we should stay on that. Each trader has their own values and strategies that works and are unique. To increase our account sizes or balances, I think it shouldn't be your first thing as you trade. Learn about trading through several methods and tests what will work for you. Be open with losing because it's part of knowing yourself where you'll be ending up to grow with that working strategy.
Leverage is the most risky thing in trading, as you can stay out of that thing because raisinf the leverage means raising the risk of losing money also, even expert traders who goes for long term trade doesn't use leverage because they believe more in time than short traders who plays with fire using leverage in order to get a huge profit out of short time, but one single error or mistake in leverage trading will burn all of your funds if possible, I happen to play with leverage in o e of my trade in the past in desperate to earn a lot of money through short trade or scalping and I learned the lesson through the hard part or painful way, because I lose all my funds for that account and from that zi never ever use a leverage ever again instead believe in long trade or day trading atleast. |
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This doesn’t sound right. I don’t think it’s emotionally smart to just cancel your marriage anniversary celebration if you had made plans (with your wife) about it. I can understand how she’d feel because you likely raised her hopes. What I can advice is that as you have decided to rather continue hodling, the least you can do is for do a little celebration. It doesn’t have to be big with a lot of food. You can light a candle and buy a drink while you guys discuss walk down memory lane and discuss future plans.
You don’t have to be lavish in your marriage anniversary celebration, a simple but meaningful one is good enough. I think that’s what your wife is only longing to have, not exactly as luxurious like you imagined. The important thing is you celebrate it with her, and let her feel that she’s loved and highly valued most especially in your anniversary day. While you have your own logic of that, but I also think your wife’s reason is more valid. I suggest set another date for both of you so you can make it up for her. True, but they already set the wedding, and almost the ceremony is the one that is waiting, but the OP chooses to focus on investing. Well, we can't argue with that; it will be a waste to let the opportunity come, especially if he literally chooses to invest in bitcoin at that time, then he is already in a big profit as the bitcoin price right now is going insane. But the thing is, it is not necessary to fully cancel the wedding; instead, the OP should talk to her partner about making things simple in order to continue the wedding. You are right, a simple but meaningful wedding is enough because it shows that your partner is committed to its partner, but yeah, the OP chose to let it all out just for money. Now maybe the wedding might not happen anymore, and because of what happens, the soon-to-be wife might not forget what the future husband did to their upcoming wedding. |
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however, my question here now is : is gambling restricted to some certain kind of individuals or class? or is there any stratification when it comes to playing gambling ?please your opinions here here will actually quench my curiosity.
Gambling is generally unrestricted, but some individuals may choose to impose limitations based on their circumstances. For instance, if you wish to maintain a certain image and avoid any negative associations with gambling, or if you are adhering to the tenets of a particular religion, you may choose to refrain from gambling. It all depends on the individual whether they choose to impose restrictions on themselves or not. There are no restrictions on any particular group or class, as it ultimately comes down to personal choice and whether one decides to take a risk or not. the thing that will make some people not to impose a restriction in gambling is when they are addicted in gambling you can only remember that you may have a limitation in gambling when you are not a committed gambler, I committed gambler is kind of gambler that does not think of restriction think of limitation before they kick of in gambling, so in my own understanding in gambling you have to know yourself and have a safe control in any gambling you venture into, I believe that gambling have to do with precautions and you have to remove a curiosity if you want to win in gambling. There is no such thing as gambling without limitations. However, a gambler may choose between following a certain limitation or not. If the gambler chooses not to follow any limitations, then he doesn't need to worry about any limitations at all. Yeah, and that's the reason why many gamblers are becoming addicted and suffering from its consequences. The thing is, limitation is the aspect wherein people will know when to stop, and they know no matter what happens if they reach it, they need to stop what they are doing. But in some cases, gamblers are exceeding their limitations, or without them, they are going beyond their limitations in gambling in terms of financial state, and from their numerous crimes or bad happenings,. Even if we tell them to limit their gambling to what they only have for allocation to gambling, nothing will happen if we are not the ones that will help them, but yeah, we can't dictate and mendle other people's lives. If they choose to abandon their gambling limitations, then so be it; they are the ones that will suffer from the consequences and will lose their path. |
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Uhmmm, well, it's good that you are having fun, and it's also okay for you to lose money or still bet on a sports bet even if you are not familiar with it and know that you will lose or have a higher percent of losing that money. But the thing is, what is your purpose? Just to kill time or just waste money? Well, for me, I will never do that, but of course I will not judge you, as it's your own money, not mine.
So anyway, I never tried betting in a sport I'm not familiar with. I only bet on basketball, billiards, and soccer because they have a huge number of bettors, and it's more exciting if you know that there are a lot of bettors in the sport you are betting in. Maybe I value money more; that's why I will never ever bet on a sport that I know I'm going to lose.
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Well, I think everything could be subject to gambling or any activities could be related to gambling, what I mean is that for example in my country everything could be placed a bet, among my colleagues at work we often want to bet when thr salary is coming right up, example is who ever finished their task or just random stuff, who is the first to go to office somethijg like that or sometimes when we have free time we are playing a mobile game and often to have a bet who ever wins, so I think those things or activities are not illegal as long as you are not affecting and disrupting other people areoung you, its just you and your circle of friends, I think thats legal as long as you are also not attracting crowd people and making profit from it. So yeah, it's fun when things are associated with money or betting, especially with friends.
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Amm, I would like to say these both are different from each other let's say you have $1k in your bank account and after 5 years your money will gain no value it will same from the first day you started your savings. So, the best is that if you want to do savings hold them in the form of assets like Bitcoin, Real estate, or gold these assets gain their value over the passage of time.
Besides this when we talk about Bitcoin let's say you have $1k in Bitcoin and you have bought it at very low price and with the passage of time your money will increase and you may see 2x, 3x... in your portfolio so investing in assets worth more rather saving money in fiat. Bitcoin is a volatile currency your amount can be reduce or can be increase so buy accordingly after some research or if the market condition is good and you see profit in the market you can invest in Bitcoin. it will be best/recommended part if you do your own research before taking any action. Many Thanks
.True! Even though saving up money is important, it is also most important to invest or have an investment, because saving up money in a bank is just letting your money sit for nothing. I mean, you could get interest, but it's too small, so you are letting your money die out and not grow. I understand that saving up money is preparation for the future, but don't let that mean you will be only content with saving money; have some investments and make your money grow in the most efficient way possible, especially in this world where the inflation rate is also rising, so you need to keep up. So holding bitcoin is the most practical way of saving money and at the same time earning, yes theres a risk but what is risk if you will have a good profit of you do it right, dont be contented to what you have now be more a little ambitious in order to become successful in life. |
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Bitcoin was created as a response to the financial crises of 2008. The idea was to create a decentralized electronic cash system that had a limited supply. The current fiat currencies used worldwide are both centrally controlled and have no limit on how much the issuer can create. The US dollar, as an example, has lost 98% of it's purchasing power since 1913 when the Federal Reserve was granted the power to print US dollars.
The Bitcoin solution was to create a currency that had a limited supply and transactions that were peer-to-peer so that no financial institutions would have financial power over the individual.
Fast forward 16 years and almost all Bitcoin transactions are run through third parties. To buy Bitcoin most people use exchanges which you must KYC on. To store Bitcoin most people use wallets that require the use of 3rd party nodes for transactions. This includes Hardware wallets. Most people use Bitcoin like an investment not an electronic cash system. Banks are buying up large quantities of Bitcoin to hold for customers buying their ETFs. Arguably developers are adding things like ordinals to the code which have slowed transactions and increased fees above what would be reasonable for small financial transactions.
I see the potential for Bitcoin and am working on projects to help with the original mission - financial freedom for individuals world wide.
I am not going to give up on the dream! Are you?
It was supposed to be like that but most of us now see Bitcoin as an investment tool not as a currency. It was created to be used as a currency and be decentralized but now it is mostly viewed as an investment tool and only few use it for what it has been designed for. That's what financial freedom for, maybe yes bitcoin is created so it can be replacable for fiat currency but the thing is over alot of years bitcoin become the tool so that many people and its investors will become financial freedom, and because the community of bitcoin made by investors, made bitcoin still as powerful as now, because if they think bitcoin as tool for profit only then bitcoin should not be able to survive or not having high value right now, meaning those OG investors and newly investors taking care of bitcoin so that it will not lose its value, they make things balanced, so I disgree that people only think bitcoin as investment because for those who are already investors cared for bitcoins starus in the market that's why we are having high rewards, notice those only aim for profit in bitcoin, they are the short holders who just aim to lash out profit from bitcoin. |
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I have read several posts encouraging people to hold their bitcoin for the greater good of bitcoin and probably more reward in the future. I have also been able to buy some for myself and also holding. But there is this concern that usually pop up in my head anytime I am meditating and that is what will happen if everyone is holding their bitcoin and no one is willing to sell. This can possibly happen in the future when mining reward becomes too small. I know some people will say that miners will continue to mine and sell to sustain their business but when there is reduced selling, will mining still be a profitable business?
If this question appear dumb, please pardon me, I just need clarifications.
I don't understand the point of holding bitcoins, I hope not many people follow that advice or at least will hold it for max some years. Just think about it, what's the point of Bitcoin is everyone holds and it's hard/expensive to buy it? And on top of that, what's the point of Bitcoin if ordinals or miners are abusing the bitcoin blockchain? I'll be frank, if everyone starts holding Bitcoin, then other coins will change Bitcoin, that's it. I think that we can't talk about what will happen in future when miners will mine all the block because god knows if there is a Bitcoin in 100 years. I think the OP is referring to keeping bitcoin so that the price could still go up or increase, but you are right, what's the point if all holders choose not to sell? Yeah, the bitcoin might increase more because of demand and supply, but it's also impossible that there will be no sellers in the market. Every investor has their own needs, so it's understandable and also fine because there should be a balance in the market, meaning if there are buyers, then there should also be sellers in order to have an order in the market. But I already expect that at some point in what is currently happening in bitcoin that it already reah $64k. I expect that maybe mid-range or after the price reaches another ATH, the price will do a dip or correction as many investors might sell some of their holdings. The scary part is that if the big holders sell their assets, then it will be a big dip for the market. |
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The thing is, if a person from a non-rich family experiences a huge amount of money in their pocket, they will be addicted to it and will want more and more without them noticing that they are being greedy with money and letting them take over their desires and greed. Money could bring us happiness, yes, and it will bring the things we want and need, but if we become tooabsorbed in the goal of earning more money, then at some point you will let your greed take over, and that's when things could turn out bad. Anyway, anything that is fueled by greed will end up bad; they can affect themselves and also other people around them. So even though I want to have a lot of money, I'm content to be able to live the life I want; beyond that, it could be a blessing, and I will never let myself become too hungry with the money.
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I see the future of gambling to be very interesting, especially when gamblers can meet their friends online like what meta proposed. They will meet online but it will look real like they are in reality. One of the reasons we say land based gambling is more entertaining is because of the social interaction. But virtual reality can make social interactions possible just like it was proposed by meta by meeting yours friends online, play and gamble together on a gambling site without even seeing each other physically.
I know right, it seems like a good advancement in technology, and truly, gambling will become more interesting and people will be more attracted to gambling because of it, but we can also see the disadvantages of this. As the game of gambling becomes more advanced and emerges, expect that more gamblers or people who don't do gambling will be forced to play gambling because they will try new innovative technology in cooperating with gambling. So if this kind of technology where you can interact with other players or with your friends online through VR or anything that you could feel you are playing with other players, then more and more people will become addicted to gambling. Remember, every advancement in technology has pros and cons, so if these things happen, the inventors should have a plan to suppress the possible disadvantages of the things they are inventing. Anyway, we can expect more and more ways of gambling to attract more people to play. |
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So I brought this topic to let us know that in gambling, if you just play it as though you don't take it seriously whether you win or lose then you might surprisingly win an amount that will amaze you one day and it would look as if you're smart or you know how to predict the outcome of events and in most cases, when a gambler wins they doesn't really care much about their previous losses regardless of the amount they won.
The thing is, it doesn't happen all the time, or maybe yes, you might win out of nowhere because you also gamble out of nowhere, but in not all cases you will win because it is a pure luck win in gambling, and let's say you win out of nowhere in a gambling game, it doesn't mean the amount you have won will cover all your losses in gambling. It is not a good impression for other gamblers that it is okay to keep on gambling in order to win or try to play gambling without taking it seriously, because if you say so, then they might have the impression that it may also happen to them. Be cautious all the time in gambling, and every gamble should be done with care for your funds. Yes, sometimes it can't be helped, but as long as you can be a responsible gambler. |
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Well, yeah in my country in some places they doesn't allow street gambling unless you will ask for permission to the local authority, for example there is an event in in the barangay, or city before you can host an gambling games you should ask for permission because if not then it will be considered as illegal, the country I'm residing in doesn't have strict rules about gambling, you just need to comply and ask for permission in order to maintain order in that place and also if anything happens then there should be a person that is responsible for that, it is also implemented so that to avoid those illegal gambling host that can have bad intent to those customers, in short to avoid scammers that could take advantage to those people who will gamble in their hosted gambling. I agree with authorities implementing rules that should be followed to avoid anomalous transactions.
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