I think that maybe this question might have repeated over time but still I was Saying that I have seen that when we loose almost 50% of our portfolio in loss than we get nervous and we don't know what to do. As we work hard and make our lives better but we end up loosing our money. So I think these cloud be main symptoms. And these are listed below as these are according to me.
1. First things is that we want all in all to cover our losses in just one bet.
2. We use leverage that is more than enough to blow account in matter of minutes and that is very bad.
3. We don't know what to do.
4. We get addicted to gambling and that is bad.
5. We become frustrated and some people end up loosing their lives cause they don't have any choice.
By the way don't Roast me 🙂😜
Maybe you mean the term "bankroll", as you tend to associate the word portfolio with owning lots of shares. Some may call owning stocks a gamble, but they are a much different type of risk taking and often not a zero-sum game. Back on point, if you have lost 50% of your bank roll, that should be a huge red flag that your strategy, if it ever really existed, is very broken and you should probably move down a tier while you figure out what's wrong. Of course this only applies to actual skill based games like poker, where even the best players can suffer variance but will usually only be playing with a fraction of their bank roll in any single session and drop out if bigger losses start to creep in. |
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- Russia considers using Chinese Yuan as reserve currency
- Saudi accepting Chinese Yuan for oil sales
- BRICS new currency coming
Could you explain further how these three events could lead to a possible global market crash? I understand that the nations relying heavily on US Dollar or Pound or maybe Euro could be affected but is it not possible that other countries' economy could boom as well? Perhaps dedollarisation could cause a huge market shock if done abruptly but it is no longer something new to many countries. There also appears to be a dwindling dollar reserves at least according to this blog I definitely found these the most interesting out of all the points and probably the most nonsensical. It's hilarious that you think countries like Brazil, India, Russia and China might come together into a single currency union similar to the kind that you find in Europe. They have vastly different economies and China would dominate the currency, which is why all the others would have zero interest in such a solution. It's also contradictory to suggest that China is heavily pushing the Yuan and also imminently expecting to join a new currency. Also, If this is the quality of your journalism then you would question why anyone would follow or use your channel. |
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I have seen several casinos with promotions where they do "drops" to thousands of people or they give bonuses to several gamblers, but how transparent is this process? Do you think casinos are really doing these drops to 1000s of people or are they skimming from the top.... ? They might say a drop is for 2500 people, but they might only drop for 500 people and nobody will know. Yes, some of those 500 people will report that they have received the drop and it will look legit.... but is it really? How can the gamblers verify that the actual amount of people are receiving the drop or the bonus, if there are no list to verify it? Let's discuss this.. I am curious if other people also thought about this...  This is definitely suspicious behavior and not something you'll tend to find at a casino that offers lots of mainstream functionality. It's definitely a way to trick players into depositing more and I'd certainly steer clear of any site offering these sorts of promos. Either that, or they are raking in so much from players that they're able to throw these supposed drops back. There are a lot of psychological tricks that these sites can use to misdirect as well, like saying 1,000 players received up to 0.01 BTC free plays - a single high roller player might have got it and every other player got 0.00001. You're right, they're not audited, so nobody is going to know what they're really doing in the background. |
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Everyone who wants to create a fortune has a long way to go, first we need to learn how to earn, save and then learn how to make money work for us. Someone creates a business for this, someone is looking for investments, but the essence remains the same, we earn, save and increase our capital.
I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?
I have just started taking steps towards achieving my well-being and it is still very difficult for me to understand how I can achieve my goal and become a wealthy person. The thought that I will have to save for a long time now seems difficult, will it not tire me, will I be able to go this way. I already have some bitcoin and I like the feeling that I own something of value. When I manage to save some money, I buy again, but this is not permanent because I do not have a permanent job. Sometimes I want to buy new sneakers, and I decide to buy or postpone, sometimes I doubt if I'm doing the right thing, maybe I should provide myself with everything I need and save only what remains, if left.
Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.
Investments can act as a form of savings, but there is nothing like having a spare "emergency" fund of readily available cash in a bank account. Some people feel like they can get by with spare capacity on their credit card, as a back up source of funds if needed. Others might invest a portion of their money in low risk investments - like bonds to help it earn money instead of simply standing still. In the current climate, banks are actually starting to offer reasonable interest rates again, which makes it somewhat worthwhile to start holding money in bank accounts. Even the richest will have a small portion of their money available in easily accessible accounts, but they're the people who have to worry about money the least. |
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Today I am reading about skill based slot machines which is very popular among millennials. This is the first time I am reading this in my life as a gambler. All that I have known about slot machines is that the outcome is purely based on luck1 as a result of the Random number Generator (RGN). From what I read, the major difference between this skill based slot machines and the regular/traditional ones we know is that there is a bonus round for the players to2 display their skills which gives them a greater chance of winning. Despite this, the odds are still stacked up against the player.
Has anyone here tried it out?
Which do you prefer, traditional slots or skill-based slots?
It is maybe no surprise that they do not give any actual, real life examples, of a "skill based" slot machine. Every single slot machine out there has been engineered to take money in for the casino and not to let the player win in the long run. This article - from two years ago - uses words like profit, as if it's possible to win in the long term from this type of game, when simple mathematics tells you otherwise. You might get very lucky, out of some freak set of variance or targeted psychological engineering, in the short run - but you will not win long term. At the very least, these machines cost money to run and the company has overheads to pay which require them to take at least a certain amount of your money, never to be returned. |
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The sad part is how gamblers have already dug a hole, and when they're at the bottom of it, they're in some ways wishing that they could just return to the starting point and get their money back - not even making a profit at that point. Unfortunately chasing losses like this is just going to leave you in a much worse position mentally, because you are throwing away good money after bad. The fact that you've lost so much money should be a clear indicator that the odds are not in your favor. There is often zero skill involved with almost every casino game that they offer, you are just handing money over in return for clicking a few buttons with some options that give you the illusion of control, or quirky side games to momentarily distract you. |
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Well, we have seen a lot of negative news in the crypto sphere for a long time now. So here is little out-of-the-blue good news for our cheer-ups as we move toward the end of the financial year.
After a press release, the Hong Kong fund is set to raise around $100 mln for crypto investment and this is to be done before the 2023 year-end. They have already had success in the year 2022 by raising around $30 mln and thus making themselves one of the positive investors of crypto.
How this fund will be used? Well, it is set to support WEB3-based projects and regimes through their Crypto partner ProDigital Future. "The fund is led by Ben Ng, a partner at Hong Kong-based equity firm SAIF Partners, and Curt Shi, a long-time tech investor from China."
The leader of a fundraiser who is Curt Shi has declared that it won't just help Hong Kong to be more crypto-friendly but also other nations and continents like Australia, Singapore, Europe, and USA. Not only this, but ProDigital Futures is also the biggest investor in the sports and gaming metaverse spaces.
This is some news one can be sure of, it may influence others to invest more in crypto.
It's maybe no surprise that Hong Kong is trying to reposition itself as a crypto hub, after China destroyed it's legacy as being one of the most respected financial locations on the planet. However Hong Kong is a shell of it's former self after it was absorbed by China and all independence has been removed. It is now at the whims of the political class, the CCP, who are so erratic in their handling of financial matters that few places trust them out of choice. You would be warned not to park any crypto there as you never know when the rules will change and they will seize all your funds, just like their many random crackdowns on things like the gambling and even the tech industry, that have happened recently. |
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I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?
You seem to be jumping around all over the place with your questions as they are not at all connected. The answers will also change based on the leadership at each individual gambling company and the laws within the country that they are based. Some will be very devious when trying to recruit influencers and not advertise the fact, others will be very upfront about who their ambassadors are for their brand. It is totally disconnected with your other questions though and mingling them up will just confuse you even further. Casinos and sportbooks are quite upfront about where they get their earnings - they are aiming to take a small cut from every bet by trying to calculate odds better than the user. They do this by data mining and analysis which they do rather well. |
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March 29 (Reuters) - Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI's newly launched GPT-4, in an open letter citing potential risks to society.
Earlier this month, Microsoft-backed OpenAI unveiled the fourth iteration of its GPT (Generative Pre-trained Transformer) AI program, which has wowed users by engaging them in human-like conversation, composing songs and summarising lengthy documents.
"Powerful AI systems should be developed only once we are confident that their effects will be positive and their risks will be manageable," said the letter issued by the Future of Life Institute.
After the recent events of the fake AI generated photo of Pope the risks to the society are clear.
Technology personalities and even people from other areas such as Yuval Harari have been telling the risks of AI for years.
Risks must be correctly managed and there must be some kind of security protocols to avoid damage that chatgpt and others can do.
One question I have. Does chatgpt own any btc? Can it have some hidden keys?
Elon has lost all respect and has zero moral compass, he is long past giving anyone else instructions on how things should be done after his string of scandals. Even if AI was paused in some countries, it would continue to be developed in others so it is probably best to understand the limits of it. It's sort of ridiculous to give an example of an "AI generated" image of the Pope because such things could be created in a couple minutes by someone who is an expert in photo shop, it's hardly ground breaking or threatening to enter uncharted territory in that sense. Let's also remember that Elon took over twitter and promptly fired thousands of workers who were in charge of some of the departments that moderated content, looked at complaints and met social obligations. |
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You will agree that some category of people will most probably become addicted to gambling if exposed to it than some other people. If you are the type that likes to refer and tell people to try out new things, you should avoid encouraging this category of people listed below to try out gambling even as a way to relax or for fun. - Be careful introducing gambling to teens, especially young male teens. Young people are more vulnerable to developing a gambling disorder than adults. According to the Journal of Child and Adolescent Behavior, around 5% of teenagers in the United States have problems with compulsive gambling. By contrast, only about 1% of adults have a severe gambling problem. And there is a specific about "males" because men are at a higher risk of compulsive gambling than women in all age groups. What accounts for this difference? One study found that men are more likely to take risks and experience social anxiety than women, contributing to problem gambling. . source- Be Careful introducing gambling to people with some certain "Personality Characteristics". Certain personality traits are associated with a higher risk of developing a gambling addiction individuals who are highly competitive or get bored easily may also be at higher risk of compulsive gambling. People that you notice have a poor opinion of themselves, low self-esteem connects to addictive behaviors, including compulsive gambling and substance use source- Be careful introducing gambling to people who have a good access to enough money and no discipline in spending, they may not mind gambling to win money, but for other reasons, and because of their good access to money, they may just become addicted without even knowing. - Be careful introducing gambling to someone who you know is poor and needs a better way to earn a livelihood. The person may mistake gambling as a way to earn a living. - Be careful introducing gambling to your friend who you know easily gets addicted to new things. - Be careful introducing gambling to your friend who you know has a drug use problem. In general, I know some forum users may like to respond saying we should be careful generally who we introduce gambling to, which is true, but since may not possibly be avoided, there are some categories of person's that we should be on the look out for in the society. Join the discussion by extending the list if possible.I'd say that at least with the "who you know is poor" option is too broad, as education can make you intelligent enough to avoid the pitfalls that can come with gambling. However, generally it might be good advice because often those who have the least are the most susceptible to trying to jump a few steps up the ladder. People with a drug use problem may have more problems with their poor money management skills that tie into the problem and will manifest given a long enough time. Anyone can become addicted to these sort of activities, just like anyone could become an alcoholic or fall for other problem addictions, it just generally comes down to the environmental and social exposure they receive. |
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Recently, some countries began to use their local currencies in trade with each other. It is true that there was no trade union between these countries, but these movements began to increase. This topic will shed light on some of these countries.
It's ironic that these countries decide to ditch the dollar for an even bigger devil. It's some very senior level politicians no doubt getting very rich doing grubby little deals that will end up in very opaque arrangements with China. America is by no means an angel, nor is it especially charitable in the rates it offers, but China has been shown to be much more manipulative in it's business and political dealings. The average person on the street from all of these countries is going to suffer for these trade agreements in future. Ironically China is an even worse currency manipulator than the USA, which is funny because that is a very tall hurdle to reach over. These swap moves money from the clouds into the dark caves where no one can see. |
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As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time. I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities. My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game. I've read a story in the past and it would require building up a certain array of connections, but there is a way to make profit from this sort of thing. However it probably requires a much larger scale and bank account than most people here have available. It's very hard to arbitrage things like football betting in Europe, as it is a very competitive market, however if you watch the odds movement on things like horse racing you might start to think there is the ability to profit in that game - if you are able to calculate and look across many bookmakers at the right times. It's a very simple profit calculation, so you either find a bet where it works, or you don't - outside of these much higher odd sports, I haven't seen this sort of arbitrage possibility after looking at many options. |
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How long in years should I go before I give up and close down a business that is unprofitable? I was listening to a podcast where Kelvin O'Neal 1 was featured. He said, "If you are not making money after 36months(3 years), you've gotta take a behind the barn and shoot it. It's just a hobby. It's not a business." According to him, "people can get so stuck on a bad idea that they just keep thinking that if I keep working on it, it's going to fix itself. It doesn't fix itself. It was put on your journey to teach you, what not to do." - To what extent do you agree or disagree with this assertion ? -Have you had a business that even though it wasn't profitable in the first three (3) years, then it kicked off to bring in good returns in the fourth (4th) year?
1 https://www.instagram.com/reel/CqVbhNCt0yF/?igshid=YmMyMTA2M2Y=The answer to this can vary wildly and also depends on the personal circumstances of the founders of the company. For example, if it is a fairly low cost exercise and the owner is the son of some rich millionaire, then they might be able to keep it going - just under making a profit each year out of sheer perseverance or having it as a sort of side project. However if you are an owner that relies on it to make an income in order to pay your personal bills, then you have a much shorter runway to use. You should be able to tell within the first couple years whether it has a long term future, because you can see peaks and troughs in that time. However Amazon went for a long time as an "unprofitable" business as it sought to claim market share and is now one of the biggest companies in the world. |
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Neymar lost €1m (£900,000) in just an hour of online casino as he streamed it live on his Twitch channel. The Twitter post reads that "Crying at first, he then laughs, remembering it's just a week's pay!" I was very livid reading this and seeing screenshots of his reaction. Because it is very deceitful.
Imagine a gambling who may have lost thousands of dollars today reading this. Instead of feeling bad or remorseful and looking for a way to change, this may even fuel his addiction the more. Sadly, he won't remember that he is not like Neymar who earns £3.2m-per-month.
These celebrities and public figures should be fined for trying to glorify gambling without stating the negative aspects when it is over done.
I usually question how accurate these sort of news releases are, especially after we saw that fiasco with Drake who subtly suggested he was gambling at a certain casino and then a few months later was magically getting paid a sponsorship fee by them. As he says, it is a weeks pay, so hardly a massive hit and it's a shame he treats money so wastefully - he could have donated this money to a charity instead and made it go a lot further. It should actually make people angry that he is so flippant and wasteful with money, footballers do not really deserve such huge sums when they treat it like this. It will ultimately put more pressure on regulators to act against these supposed role models in future. |
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Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.
Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.
You sound very naive about how the world works and have a lot to learn, if anything about your story is even true. You are either taking a personal loan, which means that you are borrowing money and the bank has to trust that you will return the capital along with a fair payment on top - they are not working as a charity, their business is to make a profit between deposits and money lent out. Alternatively you might be seeking backing for a business, in which case your education (or school certs as you put it) could play a small part in showcasing your competency, however you will need a business plan to go with it that outlines what you intend to do with the borrowed money to make a profit. |
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Recently I came across a few articles on the Internet while trying to understand what makes sports betting so lucrative. I now know that there are three big sports that every Gambler, Sports Enthusiast, and a lot of fans are engaged in Sports betting. I personally have not seen or realized it but a good majority of teens & preteens are already into it. I hope everyone would agree with this list: This list is not based on betting revenue or based on the number of fans. It is simply compiled by me after watching the activity on this board for different games thread. I am aware that I did not add Tennis, MMA and Boxing as my question is about those sports that are not being discussed here but you do bet on it either occasionally or on a regular basis. It really changes between countries, you'll find the a lot of European countries are focused on "football", along with horse racing, tennis, golf and similar sports. America has some rather unique sports that they generally play in large internal leagues - like the NBA, MLB and NFL. I cannot speak for places like Asia or Africa but they may follow a blend of both of these. To add further to your list - Boxing is common, along with eSports and Hockey. There are even a lot of providers offering things like political betting, like the next President, or special events like who will win the Eurovision song contest. Basically any place that gambling providers feel they can squeeze a profit. |
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Desire for positive work environments and greater work-life balance Driving Young People to Quit their Jobs on TikTok Recently there is this trend on #quittok where we see you workers quit their jobs on TikTok. At first, I thought what was this? But then when I began to see more and more of these videos via the hashtags #quittok, I knew right then that the shit had hit the fan(pardon my language). These young folks would capture the moment when they are turning in their resignation either live on the video conferencing app, Zoom or in person. Crazy. Isn't it? What is the reason for this? They are tired of toxic work environments. They want freedom to do other things with their lives. They do not want to end up like their parents who struggled with their jobs. This article explains the reason better- Experts believe the trend is being driven by young people’s desire for positive work environments and greater work-life balance, after seeing their parents struggle in corporate jobs during the 2008 economic crash, experiencing low-paid jobs and student debt, and having their early work experiences shaped by Covid-19. Sharing such moments on social media is seen as a natural extension of a generation that grew up sharing every kind of milestone online. Would you share the moment you quit your job online for the whole would to see? Assuming you are an employer, would you hold this against a prospective employee if you saw a video of them quiting their job and making a video for the whole world to see? It's a bit of a strange phenomenon but maybe it shouldn't be. Most people throughout history have dreamed about being able to leave their job behind and live in relaxation their whole life, however few have the financial buffer available to do it. I can only imagine that a few of these "tiktokers" are successful enough to do it legitimately, where they publish enough content and have built up a big enough following that they might be able to provide themselves a sizable safety net. However for every one of those there may be dozens who are spurred on as copycats, who don't understand that life can be a struggle to pay costs and will probably fail in the long run because jobs can often supply a very basic level of stability. |
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Today I am reading about skill based slot machines which is very popular among millennials. This is the first time I am reading this in my life as a gambler. All that I have known about slot machines is that the outcome is purely based on luck1 as a result of the Random number Generator (RGN). From what I read, the major difference between this skill based slot machines and the regular/traditional ones we know is that there is a bonus round for the players to2 display their skills which gives them a greater chance of winning. Despite this, the odds are still stacked up against the player.
Has anyone here tried it out?
Which do you prefer, traditional slots or skill-based slots?
It might help if you describe what you consider to be a skill based slot machines, because often they are just carefully orchestrated illusions to give the player "control". At the end of the day, the businesses putting these machines out there have running costs and also want to make a profit, so there is always going to be a limit to the amount they will let a player win. This paradox clearly points to the fact that they are only skill based to a limit and no amount of disguising can change that fact. It would be fun to see more pinball-type machines making a comeback in future, but maybe they'll only allow a player to play for longer than usual rather than making a monetary gain. |
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I know everybody is not in a same class but still we all do budgeting, expenses and impulse. How much do spend a day? Do you think is possible to program your daily expenses?
Frankly Bitcoin is simply a side endeavor, it is just something that sits around in the portfolio with the hope that the price will increase and it could be sold on for a higher rate to someone else later on. That means that a day job with side hustling is still required to pay the mortgage because the bills stack up fast. I prefer to put money into assets that return money on a regular basis, like stocks which payout profits in the form of dividends to the owners. It's a bit silly asking how much people spend per day because even within different countries the disparities in living costs can be huge. It might cost you $5,000 a month to rent somewhere in California, but around a $1,000 in some other states. |
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Today, I am going to write briefly about the Random Number Generator(RGN) and its importance in online casinos. So basically, what the RNG does is to ensure that when we play our favoruite casino games, it creates random number, thereby ensuring that the result of every game are random and fair. No one would enjoy playing a game where they have no fair chance of winning. So, what is its mode of operation? If you play slots a lot you would have noticed that there are random symbols that appears on the reels. And when it does, it determines whether you have won some cents, a dollar, or more. There are complex algorithm that have generated the random symbols. The same thing applies to other online games too.
In the past, I used to think or believe that the random numbers generated were controlled by the owners of the online casinos. I was wrong. They have no control over it. Instead, there are companies that monitor it to ensure that the numbers generated are as random as they are. Imagine the manipulation and bias in the game results if online casinos had control over the RNG.
Personally, I feel that the RNG is the most important tool by which gamblers can measure an online casino's fairness, transparency, accountability, and honesty and that it operates in an ethical manner. For me this is the major role of the RNG in the online gambling industry.
As a gambler have you ever read up on how the RNG works in online casino games, or do you simply trust that it's functioning properly?
It varies hugely from casino to casino, there is no one set rule that they must be using third parties to manage their random number generation - which could even add more danger to the process for the gambling company or customers. These companies should be able to competently assess the random number generation within their games and while they do not control it, they specifically state that x amount of games will be weighted to the advantage of "the house" so you have to wonder how they integrate that selectivity. It's also worth pointing out that these numbers are not necessarily random, which is very difficult to do with computing the relies on all sorts of architectural quirks, but as close an approximation as can be achieved with current hardware & software. |
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