You again Napkins! Been following your stuff for quite a while now ever since you posted that 90k win you got from a 4k bankroll. I would be lying if I say I wanna have what you're on that gives you these sharp bets that bag you so much money but oh well.

It seems like you're doing this for fun and the losses are just aftereffects from losing so much potential money so I think you're good and all that. There's a saturation of "don't succumb to gambling addiction" posts here already and I don't want to add up to them. Anywho, good luck on your future bets man and I hope you know your limits and all that so you could bag wins like these.

I'm going to keep playing, but not for the reasons you laid down in your post. I'll keep on playing cause I want to play and gamble and not because I wanted some other way for my coins to accumulate if bitcoin were to be banned in my country. Besides, and this may stray off the point of your post but it's something that holds a lot of truth nowadays, online gambling will have a higher chance of getting banned in my country over bitcoin, and US is not the only country in the world (seeing as most issues and flak against bitcoin and cryptocurrency comes from the SEC which is in US). So with that being said, bitcoin getting banned shouldn't be the biggest concern here, or what to do with your bitcoin if it were to be banned in your country. Remember, it's decentralized and indifferent when it comes to territories, you could pretty much use it even if your country bans it. Gambling in all its forms is threatened.

People have made bets, won big, and have quit on gambling. It all boils down on whether you know what you're signing up for and you're cunning enough to not fall for death traps laid by the game. Most people who are none the wiser in the industry falls victim on the gambling cycle, where they win big, bet big, lose big, and then repeat the cycle over and over again. At which point they're at a massive loss with a deteriorated life and a financial situation more screwed than you'd ever think.

Some people on the other hand, armed with financial literacy and rid of their heuristics and biases end up gaining massive wins and keeping them for a very long time, sometimes even passing them off to relatives when they die like some legendary gamblers that we know of. It's definitely possible and it's something that I personally advocate for, but if you're gambling for entertainment and winnings aren't really your concern since you know yourself and your limits then by all means!

 Don't necessarily agree with "becoming a legend" cause you'll be surprised with how less of a skill it takes to actually win in gambling even in games that are not solely based on chance. Even more so with sports betting as most of the time it's either each team is on par with each other or one of them is tipping the scales in their favor. so to be legendary is something that you shouldn't strive for only because it takes so much effort to get into the upper echelons of everything basically. So if you just wanted some form of edge for when you're gambling so you don't fumble over which team to choose and which to avoid, at least having some form of basic gambling knowledge, and a deeper-than-average know-what of each team's weaknesses and strengths.

I did, not only to put into perspective how much I'm spending on a bankroll, but to also think of strategies and ways to make such bankroll lower and still play fulfilling and satisfying games. Thus far it has helped me immensely in redirecting necessary cashflow into something else that's much important than gambling and had even helped me discipline myself and control gambling urges at times, especially if you've set a limit on your bankroll like me (as high as $5k per year).

It's something that I would like to advocate every people do, as it doesn't take no mathematical genius to figure things out, plus it's really helpful in the abovementioned pointers I mentioned. Counting your losses isn't you gaslighting and manipulating yourself into building guilt from losing that much money in gambling, it only really opens your eyes to the perspective that you have to see the most which is how much has gambling taken over your life.

Uhh, cause why not?

All these allegations you say about gambling are either misleading, or misdirected. Most of these "allegations" as you put it are nothing but down-on-their-luck gamblers throwing their whole bankroll in one go cause they're just belligerent like that. Sure there's downsides to gambling but if you're willing to take that stretch I'd say there's a cons to everything in life too! Why should it be that only gambling is to take the short end of the stick considering there are even more worse things out there that needs more focusing?

Plus all in all, gambling is nothing but a form of entertainment, people overlook that and see the gold pot at the end of the rainbow, which leads them to gamble for profit, and then leading to them losing their money to gambling and them blaming gambling for drying out their wallets. Which in the first place is of their own volition anyway and gambling's not in any way whatsoever related to their decision to spend that money up.

All I'm saying is, gambling is great in itself. As a form of entertainment it offers rest and relaxation, but if you think of it the wrong way and see it as another way to earn profits then that's where the problem comes in, and in my opinion in that kind of setting it's not gambling that needs to be stopped but the gambler itself.

That comes with letting enterprises in and allowing them to use it as a means to advertise themselves to more people. Way back when social media was small the whole business world dismissed of it and saw it as nothing but a different way for people to communicate, now with all these features being added to better communicate with other people, analysts and other smart people that work for these businesses saw this as an opportunity to market their product digitally. Things escalated from there and now we got 2 unskippable ads on youtube which I seriously abhor.

This is not a good thing, but with profit taken into consideration I don't think this system will change. with web3 this could be lessened but that venture would just be another way for advertisers to riddle our screens with product placements for sure. That's just the way things go now I guess.

I'm quite interested in participating for this little research project of yours. I've been a victim of this once (although I don't think the attack is specifically targeted to me but is more likely a copy-pasted script that was sent to other countless people in the industry), and me being the snotty-nosed crypto newbie that I am back then, I kind of fell for it for a while, pressing on the link they sent and answering questions that they prepared for me "or else they will take control of my account" and "collect every asset I deposited there for evidence" lmao. I'd be more than happy to expound on this if you'd count me in as one of your participants as I think wrench and coordinated attacks from scammers in this industry are more common than what people are led to think, but it's talked about so little in favor of the more sensational attacks that would catch the people's eye in the headlines.

I get what you're trying to put up here and for a while that has been the case with basically everything that could be traded in the market. A separate platform for exchange, and a separate one for investments. But there is a definitive reason as to why these two were merged into one eventually, and one of which is convenience, which is inarguably one of the best features one can offer as a platform.

"You entrust your money with us when you deposit the money you want to trade for other commodities, so why not cut the middle man, let you keep the fees you're going to pay for investing your money on a different platform, and just entrust it with us? That way you can conveniently manage all your tradings and holdings at the same time!" Is basically what happened in the past that led to this moment. Don't get us wrong, it is a system that is far from perfect, considering the numerous backlashes it has received over the years following the scandals that came up left and right, but it is a system that is welcomed by many and is a necessary one at that too. So as much as you hate the current paradigm, there's going to have to be some major shift in the convenience department of things before you could convince people and business entities in this industry to separate these two.

Mining won't stop when all bitcoins are discovered and mined. These "miners" facilitate transactions as well and the fees we pay the network actually goes to their pockets, so with that being said the mining industry won't necessarily go out of business when all bitcoins are mined. They'd just be redirecting their focus on something else.

As for why it's going to take time before all bitcoins are mined, one thing that you have to keep in mind is that the difficulty for earning bitcoins through mining isn't linear. It's exponential. What took a few minutes/hours for people back in 2011, is now taking weeks and months for powerful asic miners of this day, I don't wanna delve into the maths of it and the complicated tech jargon but basically picture this:

You have the whole planet (internet) to mine gold on (bitcoin), as more and more gold are mined from the land, the less the supply is, and the harder it becomes to mine and earn the remaining gold in the Earth cause the area you have to work with didn't get smaller as you're mining more gold, it became bigger and thus more land (blocks) must be mined in order to find gold. That is basically how it works for the bitcoin mining industry.

Literally the free candy van of cryptocurrency. Don't put your money on it, unless you want to give the belligerent scammer who made this a free 1 bitcoin for nothing. Although considering the age of your account I'm not sure if you're here looking for real advice or if you're here to spread this and hopefully get someone stupid enough to put their money here. Massive red flag for me. I visited the site for myself and it's literally the textbook definition of the modern internet scam with text dialogs telling people that someone withdrew money so they can be put at ease or something lmao. I'd definitely not put my money in this "staking" site of yours. Much of these is just too good to be true. High yields with no profit coming back for the company to sustain itself? It's either you're Elon Musk for being this rich, or you're just stirring up some scam by promising stuff that we most definitely know wouldn't be true.

There's actually a study about this, and it has been a known fact ever since. Lottery winners never earn their happiness even after winning millions of dollars, so they resort to lavish spending. Add to this the fact that they are none the wiser when it comes to properly managing their investments and finances, and we have winners with no money left on their bank accounts resorting to their day jobs in just a few years time. Saddening fact but it's just a testament to how important knowing your limits and exerting financial literacy is.

Also, as for the oil dealer guy, he must've known right from the first loss that he will not be able to bag a win. That's the way things go. People don't usually vote for the someone who lost from previous elections and thus rejoining the coming ones won't mean much and would just be an outright waste of money.

Amen brother. I get that there's risk in everything and the thing that sets rich people from those who are not is who takes more risks, but at the same time you have to also remember that the risks they took were calculated, this Shortmaster is nothing but a recipe for disaster. I always advocate for making sure that you chew what you can bite, and this is just not it good sir. You're not only taking risks by investing on a volatile asset that could zero you out on a bad day, but you're also investing on it with money that in essence does not belong to you. You plan to succeed which is great and all but it seems to me that you never planned for anything that could go wrong.

Go back to the drawing board, find a better way to make use of that loan you wanna take, and then follow through with it. Just don't invest money you can't afford to lose.

It's less about the degree itself that makes you a better business person and more about the act of gaining knowledge and experience as you get that MBA that matters. So with that being said, Anything that gives you the same amount, maybe even more of the experience and knowledge bases will definitely make you better at something. In this case being a businessman. I don't agree with some of the points that the article you linked provided such as the notion that getting an MBA makes you employable, because let's face it, A. You don't wanna get employed if you get a Business Degree, and B. The world is progressing to a more open and just society nowadays, so opportunities are being opened for everyone, even those who didn't their degree. There's truth in getting important networks and connections as well as the fact that it makes your promotion a little quicker than others but that too is still up for debate.

Electrum's tried and tested but sometimes it just fails and when it does it fails horribly, so take using Electrum with a massive hand of salt.

Although I would agree with the fact that Hard Drive wallets are still good when it comes to saving your bitcoins. Been hearing lately that Trezor's the king but Ellipal could be as good as it in terms of security, plus the recent debacle with Trezor just rids them of that hard-earned trust and respect their users had for them, so I don't think you should dabble with this one too at least for now. Jade Wallet's great, when it comes to cost efficiency, and then Passport but that one's expensive with less features but the security I must say is top-notch.

I can see the reluctance of the father playing a major role in him deciding whether he would follow through with investing in bitcoin or not. Most Asian countries revere their father in a certain level that their words hold its weight in gold, even if it's something that is completely against the plans of their children. Which is why so many kids end up with jobs and careers they don't really like. In any case, since bitcoin's still illegal in their country it's best if they lay-low with it for now, or at least be discreet with their investments. The last thing they want is having their Police authority knock on the door and cuffing him cause he holds a few bitcoins in their wallet.

Lastly, of course as you said Yatsan, is to study and do your own research. The market is unrelenting and a lot of people lost money in this industry because they didn't think it would be that beneficial to not learn about the ins and outs of bitcoin first before investing. Don't be like those people and acquire ample knowledge before moving forward.

A lot. I'd say a good amount of beginner gamblers here and out are guilty of not following through with their gambling plans, myself, in the past included. There's just something about ridding yourself of that brain itch that is a little cathartic to say the least, even if you're not gambling to win. That's when I know I'm just in too deep at this point and I need to break the habit or I'll become addicted to gambling, which I did and from there, things just went a little better.

My advice for when people feel the need to gamble in inopportune moments, or maybe just when you said to yourself you wouldn't gamble just yet cause you dried your bankroll pretty hard from last session's play, is to touch grass. Go out and socialize with people, visit your local pub and have a few chat with the old men that are in there, if you're not into drinking go see your parents or your relatives, rid yourself of your electronics as that will urge you to gamble later down the line even if what you just did initially is scroll a little on facebook.

If you've seen the WWDC feature of this joke of a product, you'd realize that all your hopes were for nothing. Imagine using AR goggles not for entertainment, but for work and productivity, that's just downright Bladerunner BS right there. There's little to no incentive in buying this product as everything it can do, a macbook can do better for half the price and could even guarantee that you'd be able to gamble properly online, cause you're not stuck on a 2 hour battery life. Plus if you wanna try out virtual gambling, why? Real life gambling is a thing and you can easily do it by just dropping by at your own local casino, would even help you socialize with people lmao.

There's no real application for this in the gambling or the gaming world, this is not your regular Oculus Glasses that allows for that feature. The Apple Vision Pro is specifically catered towards productivity, and light entertainment, not for some heavy-ass gaming/gambling.

The first way to stop gambling addiction is to recognize that you have a problem, you have to find the pattern of behavior, realize that it's something wrong and is supposed to not happen in real life, and then from there work your way into finding a viable plan.

I wasn't addicted to gambling or anything, so the validity of this advice may be challenged, but at the end of the day, the only way you could stop gambling is by halting the pattern and, for the most part replacing it with something more productive. For instance, instead of spending time gambling your life away, you could stand to take a walk, go to the gym, read self-help books and whatever you really want. Also, watch out for relapses, these are a bitch and will really set you off, if you fall for these you may even think you're not progressing but trust me, you are. If you feel like you wanna gamble again, which will only worsen over time, do not ever fall for it. Find something else to do, focus on that behavior, make it a habit, and slowly but surely you're going to find yourself rid of your gambling addiction.

If in any case you are already able to stop gambling on command, the last thing you would have to do is to ensure that you don't fall victim to it again. A lot of recovered addicts fall to addiction again in the following months or years because they become complacent, you shouldn't be like that and should focus on making sure that even when you do gamble, you don't gamble excessively.

Is it really just isolated to getting a massive win? because if that's the case then I must say that's a massive scam lmao. Most casinos will ask for KYC upon deposit or withdrawal, not for massive wins, the latter is just barring you from getting your money, and is thus a form of scam (to me personally) even if the KYC went through and allowed you to withdraw your bankroll, cause that's a form of delay they take in order to either recuperate losses they incurred from giving you the win, or just an outright delay to make you forget that you won something considerable.

In any case, KYC shouldn't be questioned, it's a very reliable form of verification to ensure that law enforcements can get a hold of you when shit hits the fan, and it's also a form of customer protection as a company that requires KYC is obliged to work in close relations with their respective government, if things don't go well for you, you can sue them in court and have them pay you for reparations.