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I'd do this even now with Excel. Heck, I'm doing this now with all of my bets and have been keeping score of everything for the past few months. It's actually a good thing to do even if you're already betting with real money. It makes you aware on where you stand regarding your bets and whether you're really making some money or not.
As for building experience, it's not a bad thing to do. Though of course, you're less motivated to be on your A-game when you do this since there's nothing at stake, just your stats on a piece of paper. Nevertheless, better waste time rather than waste both time and money.
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If this is not approved, the landscape will not change much anyways. The SEC not approving any other ETFs in the mean time is honestly positive for crypto overall. It prevents huge organizations from slowly encroaching cryptospace and making everything a centralized financial instrument. Perhaps taking these approvals slowly is the name of the game and not approving them all at once.
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This is just absurdity coming in from the government. Most of the laws and ordinance from the Philippines related to gambling contradict each other. It's like they are protecting something, but at the same time, lets the actual danger roam around and take people's hopes. If they want to ban advertisements but not gambling, then they are just subtly promoting gambling since people will look in places just to know what platforms are out there to play on.
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That's a great guitar. I have that, too  Winning in gambling is really unexpected for the most part. Most of the time, we just prepare ourselves to lose since it's mostly the outcome of this activity. It's in when we don't really expect to win anything do we get the wins, and to me that's better rather than anticipating in something that will not come. I also stake low amounts sometimes, and hope for the best but was rarely met by success. I know this win is a big one considering how much you staked. Then again, hopefully you don't get consumed by this huge win and pursue more wins because that might just be your end. |
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This crisis demands innovation. Imagine a world where we don't rely solely on traditional agriculture. Perhaps the answer lies in "designer food," where oil and gas, currently used for fuel, are cleverly transformed into edible resources. This shift wouldn't just put food on tables; it would also curb our dependence on fossil fuels.
Finance, the engine of progress, has limitations. It can't conjure food out of thin air. A world obsessed with stocks and bonds might neglect the fields and farms that sustain us. Imagine a society where everyone's a trader, but no one's a farmer. That's a recipe for disaster.
So, the younger generation holds the key. They can't afford to be one-dimensional. Yes, finance and technology are important, but so is nurturing the green revolution. We need engineers who can design vertical farms, scientists who can create drought-resistant crops, and entrepreneurs who can bridge the gap between innovation and affordability.
So this means you'll turn an already scarce resource into food, which will, in turn, drive demand more to fuel and deplete that even faster. It doesn't solve anything, and and it just adds more problem. No matter how fancy the solution is, the basics are still the most reliable and most practical to solve the problem. Have more farmers, allot more manpower to the farming industry, and possibly sustain food a little longer for the population before we can invent other reliable methods. |
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If you no longer find joy in gambling and you are only focusing hard on the rewards or chasing the losses, I think that's the best time to stop. You're only headed towards disappointment or worse, addiction, if you don't cut yourself loose from this behavior. Regardless of the result (win or lose), quit when you are too caught up on results and not the entertainment it brings.
It may sound dumb to not focus on wins or losses but this is usually the pitfalls of gamblers: end result. When you no longer enjoy the process, you will just rush everything that leads to poor decisions.
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I have sold 10% already when it hit $70k, and planning to sell more on $80k and completely at $90k. I also have a failsafe of selling everything at $60k should bitcoin lose steam and head back down to bearish prices. It's not perfect in taking all of the possible profits, but at least I'm still making more than what I initially invested on bitcoin.
Afterwards, I'll slowly start accumulating again and just do the same thing bull market starts to take form once more. It's a rinse and repeat process, but you must have the patience to do it for a long time.
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Some casinos used to do that. They do it for transparency purposes to let gamblers know that they have the money to back up with their operations. It's a good thing they did that before, as there were a lot of scam casino operations back then that run once they got a huge payday or when they can no longer pay their customers back. In today's landscape, I see no need for casinos to do this, though it will be appreciated by the community as it's an effort they're taking to let their playerbase know that they really have the budget to pay out the winnings of their gamblers.
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Madalas kasi sa karamihan satin ay isinasapalaran pa lalo ang profit na sana. Hindi marunong mag-gauge kung kelan kakamig at kung kelan lalaban. Madali lang naman kumuha ng profit at magtabi ng onti para ilaban. Sa bull run, profit ang importante bago ang magsugal pa lalo dahil any time may tendency na bumagsak ang presyo ng bitcoin. Mabuti nang mag regret na nagbenta agad kesa mag regret na hindi nagbenta. Mas madali matulog nang nakabenta ka kesa hindi ka nakabenta at all
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I'm a gambler but I'd get the 1 btc in this case. I won't even risk the chance at all. It may be 5 times more than what was being offered to me as free, but I could leave empty-handed if ever luck doesn't work out in my favor. Most gamblers would surely opt to take a chance at the 5 btc, but that's being greedy considering you could potentially gain 1 bitcoin without staking anything.
Take profits whenever you can, even if there is a potential of getting more than what is offered right in front of you. Besides, you are not sure what the outcome would be. Set aside greed and be happy with what's being offered for free.
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This is something I wouldn't do. My support for a team is very evident, but I will not let it get the best of me when it comes to rationality and financial decisions. I know hardcore team supporters who can blow thousands on their team even though they know that they will just be beat. They believe so much in make-believe scenarios that their team will somehow get together and achieve the win even though stats and analyses show that the odds are heavily stacked against said team. That support is commendable, but I would never do that.
I will, however, buy merchandise from my team if there is any, but you can't expect me to put in some money for bets if they're against a team that will defeat them.
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It highly depends on your risk appetite. There are people who squeeze the maximum amount of money they can on an event because they believe that it's worth it. There are also other people who settle for the safest plays and take profits wherever they can. I personally would get all the possible value I can on a bet no matter what, especially on games I'm highly confident on that will result to a win. I sometimes play for safe games, too, but getting the juice on an event you pretty much read everything about just rewards better.
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I was a victim of this fallacy before, and I guess when humans are faced with dire events, they will always devise something to help get their minds at ease. The Monte Carlo fallacy is no different to that, as it's just a way of the human brain to 'cope' with unfortunate events giving them a false glimmer of hope that everything will be fine. No wonder people are losing tons of money to gambling; they give in to these instincts and let these overwhelm them over reason and logic.
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I know this forum late 2013 and joined early 2014, but never really started buying until late 2015. Like you, I believed in cryptocurrencies but never bothered to touch it because my fear of the risks outweighed logical thinking back then. I wasn't earning much before, and had my investments fail, I would have just wasted time and money. Nevertheless, I still followed my instincts and began putting in small amounts every time I receive my paycheck. It's never too late to invest in bitcoin. You can still create a sizeable portfolio through DCA. You don't have to buy coins outright if your wallet can't afford it, but you can buy little bits and pieces and it adds up eventually.
10 years is a long time to not do anything. Hopefully this time you get the initiative to do something about your positivity towards bitcoin and cryptocurrencies.
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I prefer to move on my own, though I still check other pages from sports bettors and see their insights as to how they come up with their predictions. Once that's done, I compare it to my own rationale and make more analysis before I lock in on the bet. It makes you a well-rounded bettor if you also check the analysis of others and compared it to what you came up with. You might have missed a few details that other people have noticed, and it adds up to your knowledge on how to approach a bet.
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What might be luxury to you might only be a necessity to others. And as you say, you became more productive with that Macbook, therefore making it pay for itself in the long run if you are doing quality work that rewards you with good money. I'd say it is one of your expenses although at a somewhat higher price point. It only becomes luxury if it's something that you seldom use and only for vanity purposes. That Macbook serves you well, so it's not a luxury anymore to you.
I've never bought anything pretty expensive other than printers and computers that I need for my business. I never considered the latest printer a luxury but rather a business expense that helped me make more money in the long run.
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They say that the proceeds of the said gambling activity will go towards the family of the dead, so I try and play with other people even though I believe that such a venue is not appropriate for the said activity. I don't overdo it though. I never really stayed there gambling for hours. Perhaps just doing it out of respect to the dead is enough, or just to help them raise money and that's it. It's a weird tradition that legalizes even the illegal forms of gambling during a wake, but if it helps the family then I'm okay with it.
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That man will live the rest of his life as a freaking millionaire and will never need to work for a single day again. I usually just sell 'some' of what I have during bull runs, and just rebuild when there's blood on the streets. The proceeds of my sale usually goes to other investments that I have, and some I use to indulge a little. A thousand bitcoins may seem a lot, but during bull runs, it gets easily eaten by the volume and will be changing hands a lot of times before the hype dies down.
I say congrats to that man for hodling for 14 long years.
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There are a lot of us here who does DCA. It's a rather rudimentary strategy of investing but it works. You just have to make sure that you are strong-willed to be able to not give in to the temptation of selling when the prices are low. Bitcoin has always proven itself to appreciate in price as time goes on, and it is proving it to us now by reaching a new ATH. Even if you're working around a fix income, I think you can still allot a portion of that to bitcoin or other investments if you really wanted to, and that is perfectly fine.
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If you know anybody trying to stop the addiction of gambling to become better for themselves and their family, try and show them support by not criticizing them. If you observe that they experience some kind of relapse and go back to gamble even when they said they were not going to gamble, try to encourage them to remember why they wanted to stop gambling for the time. It is not an easy decision for some of them to make, and even imagining that they will never gamble again can make it worse for them, most of them need all the support they can get to help them maintain the decision to give gambling some time away. If you criticize and mock them, they may nurse in the heart the mindset that gambling is impossible to stop, or even stop trying to stop gambling because you have already made them feel like they can never do it.
If a person is addicted to gambling, he must try even if it is impossible to get him back. Because when he is addicted to gambling or when gambling time is made according to his routine, keep him busy, and you plan to take him away and distract him with various suggestions. Although a gambling addict will not get addicted easily he has to try I am still a current gambler but not as addicted I retire two days a week and gamble the other five days. A gambling addict will never earn money from gambling, and he will destroy his family and destroy society from the loss. So I think it is most important to protect a gambling person from addiction. There must always be someone who will wake these guys to their senses, especially if they are in too deep in gambling. They don't know that they have a problem until you talk sense to them. They'll believe anything isn't their fault, and that it always has to be someone else's doing why they're having a series of bad luck. That's a mindset you can't take away from people that are too deep into the gambling pit, so I believe that someone should always act as a support to these guys to get out of that pit. Of course, there are still those that are self-aware but not trying hard enough to get out of their state. They also need some help, too. |
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