Not that the guy is even rich yet, not that he built a mansion or a company for business. He rented an apartment and bought two iPhones and thought the earning will be consistent. but this is a lesson for us all to learn from.
He left his job just because of gambling. That is stupidity. There is nothing I can learn about this but to see it as stupidity. Although you are very correct, gambling should not be seen as a business. People that see it as business and a way to make income will always end like this. The moment a gambler decides to leave completely his job so he can focus on gambling and gain bigger income, that is a total stupidity. No man has the right thinking to leave his stable job out from gambling. The only lesson I get here is gambling will never guarantee you to be profitable consistently. In times you’re lucky, you might be making profits but since most of the time we never get luck, so we always lost the chance and end up gambling at the losing end. |
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I don't see a pattern in playing gambling and just press the "bet" or "Spin" button and then submit to the results that will come out.
If I just pay attention or make a pattern, I'm afraid I won't be able to enjoy gambling itself and will only waste my time gambling.
But I guess some gamblers do it because they have their own reasons and we can't blame them because it's their choice.
I also often hit the "Auto 50x, 100x, or other" button and just sit back, enjoy my coffee, and watch the results.
Whether the pattern exists or is just our imagination, our job is only to enjoy gambling as a temporary pleasure and when it's all over, we have to stop.
Others might have seen patterns from betting but for me, I don’t think they do exist. Gambling is very uncertain so it’s hard to see patterns on it, one thing that is only certain for me is that in gambling, it’s always the house that takes the edge and able to win. So whether you bet in slots or sports betting, it does not guarantee that you have bigger chances to win from sports betting than slots. Gambling is just a matter of luck, whether it has patterns or not, gambling will only make us lose until our funds will be used up. |
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I agree that there are those types of investors who classify themselves as angel investors, venture capitalist, 1 etc. But before they become all of these types of investors, from my own perspective, I have put them into some classes. It is not an exhaustive or an elaborative list but at least, you get the idea of where I am driving at. Class of Investors to the best of my understanding New Investor These are friends and family members who are willing to contribute a small quantity of money to your company. The Ponzi scheme Investor One who invests in ponzi scams continuously is this. This is the person who thinks about get-rich-quick schemes. The researcher investorThe researcher investor wants to conduct thorough investigation before deciding whether to invest.They might even decide against investing altogether since, if you wait to make a decision until you know everything, you might never invest. The Wealthy TraderThis one has had a number of profitable investments over the years. They are knowledgeable, experienced, show expertise. What class of an investor are you?
1. https://www.investsmall.co/the-different-types-of-investors-what-kind-are-you/amp/ Probably I belong to a researcher investor. I think it’s always basic to know what to invest and how will you push through on your investment by doing my own diligence in making a good research. I don’t actually invest because it’s promising or people made a lot of positive testimonies on it. I have to follow my own instinct and by doing intensive researches, I finally come up with my final decision on where and what to invest, and how to make that certain investment works. |
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“Sabong” or the placing of bets on live cockfighting is an established tradition in the Philippines that dates as early as three thousand (3,000) years ago. The gaming activity is essentially placing two roosters/cocks in an arena and betting on which between the two comes out victorious. I do not think it is what they even accept as gambling is Philippines by some people. But if it is accepted as gambling, it is stated in the news that it was legal before when the man was involved in it. If the government legalize gambling, anyone can be involved in gambling. But countries will have their own rules about government officials to be involved in gambling or not. As long as the gambling platforms are legal, I don’t think the government itself will have to control on whom who can get the franchise or those who are not allowed to get the franchise. It will be another source of income for the government so they will never mind it. Well, talking about politicians, they are just regular people that aim to make profits from any legal businesses, so if they have the means to invest in it, then I think the government will not deprived them of their rights. Everything in business is fair, but it’s only the house who stays on edge. |
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Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?
You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!
Bitcoin investment has certainly a lot of advantages compared to gambling. While gamblers focus only on luck to gain profits, but investors are using their knowledge and developed skills so they can create more chances to make profits. So there’s no sense arguing and comparing bitcoin investing into gambling. The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works. |
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Web3 casinos operate on web3 technology in a way that punters connect their noncustodial wallet to a gambling site in a way that payments are settled on blockchain, unlike the deposit and withdraw on centralized casinos.
Everything in web3 gives advantages to the owner/user itself but since it’s still in a process, we can’t actually give its precise meaning. However, for me, web3 offers a lot of advancements like we don’t have to face problems like KYC since everything that the casino will ask has been input already in our own non-custodial wallet. |
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Trading of bitcoin has been one of my source of income for quite some time now but find it difficult to tell some other persons to engage in trading because of the risk involved.
Last week a friend of mine saw me trading so he tried to know more about it, at first I never wanted to tell him due to the risk involved, but then based of his persistence I first of all explained to him the difference between spot trade and futures, but I told him I do only spot, how I buy low and sell high, even as I was explaining it to him I was feeling uncomfortable because of the risk.
I don't want a situation whereby someone will say that I scammed him if there is a sudden dip in the crypto industry, so I just told him to open a binance account and verify it, after then, he should get back to me so I can send him the hard copy of the crypto course I bought.
Uptil now I still feel uncomfortable about it, I don't know if am wrong or right for opening up, even though I told him of the risk involved.
The moment you told him to open a centralized account, you were wrong there. In the first place, you should have not instructed him that way, better to play safe than to carry the blame later on. It’s a very right decision to educate him and tell him the risks when it comes to trading, particularly that he enters trading as quickly as he can be without even making a lot of effort in researching and reading reviews about how dangerous trading is. If he’s really interested, then let him do the research on how to start trading, and not that you are obliged to feed him the details. Trading can be a great way of making and earning profits, but it’s undeniable that a lot who enter trading do not succeed on it, simply because they are not prepared on it, and they don’t have the significant knowledge and skills that a successful trader needs. |
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This story is pathetic, the man who introduce me to bitcoin, his kid sis was knapped 2 weeks now and the kidnappers are asking for a huge ransom of N10 Million Nigeria currency but the whole thing looks like a plan work from some people close to him because many people know him to be crypto dealer. Now this money is never available anywhere, the man's only option is to sell his bitcoin and even if he does is not up to the amount. Do you advise he sells and bail his kid sister? Everybody is confuse.
Many things happens this days, putting you on a test! At what situations did you think you can sell your bitcoin and forget about bitcoin like it has never exist in your life. Knowing well the situation you're into many must have passed it and scale through without selling. What then will make you to sell even if the price is against you?
Cases like health concerns or the safety of one person from a very dangerous situation is already enough reason that you set aside your greed and just sell your bitcoin if it will save the situation. After all, bitcoin is only an investment, you can start it all over again if you find the perfect time to invest again. But with life, there’s no second chances, there’s no repeat and rewind. So if you can make what’s best for today, then do it to save it. Only fools actually confuse theirselves whether to sell or not with this kind of situation. |
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Maybe you can say this today because you are still at profits with trading, but remember that trading will not be forever especially that you are in a crypto trading where restrictions are still high for most of the countries. So choosing it over a stable job might be a risky decision and might put yourself in financial struggles later on. However, if you are making advantages from them both, then why there is a need to chose. I would prefer to do them both since they are making great contributions in my life right now.
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As long as you didn't invest when the price was at the ATH, you won't need to wait too long after all the halving will be next year and this year seem to be greener. Its not even late to buy more. If you did invest at price where its more than $50k, you still can wait for a little longer but for now just say whatever you need to say to yourself  If you enter the market perfectly at its bearish price, then you can actually sell even today knowing you’ll be profiting already. However, if you still aim for maximum profits, then it won’t be long and you will eventually realize it. But stay optimistic and never listen to those who only give you doubts. When the market starts to be bullish, then it won’t be long and hard for you anymore, you are going to experience a life changing profits soon. |
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You are already familiar with all these, you might also be familiar with what Swogerino is saying that you can also predict the outcome of matches like the tipsters.
I think you can just participate in the sports threads where users are sharing their bets. You will see you will win with high rates like them.
I bet OP is aware of its possible outcome having tipsters, but still chose to take risk in believing from them that they could be the best source for creating gambling speculations. Yes, some may perfectly hit and win, but most of them still fail to win. So imagine if you hire a tipster, you will be force to pay him without guarantees that you will win from your bet, it’s a double kill actually. |
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This was supposed to happen but the timing is perfect. A few hours back Taiwan announced that it will allow traditional Banks to offer Bitcoin & Crypto trading services. A month back they had announced that Bitcoin and cryptocurrency regulation are on the way. But why so fast? I mean, what was the hurry? Is it because HK announced a few days back that their largest bank plans to extend its service to crypto? Or it is a competition between China & Taiwan as to who gets a major chunk of the crypto business. Whatever is the reason? I feel that this news should bring a lot of cheer to the market. Why? As another country joins the list that accepts Bitcoin & cryptocurrency as an entity and wants it to thrive. What do you guys think?  This is a great news for everyone, and hopefully this will create an urge for other countries to be more open minded so they can see the essence and potentials of crypto that could bring massive profits for the country. Well, I don’t think it’s a hurry decision because Taiwan might have been thinking about this decision for a long time, and maybe it’s only now that they have finalized it. Whatever is the reason, but surely for enormous profits, then Taiwan has made a perfect decision for its citizens as it may open vast of opportunities for people so they can freely buy and hold bitcoin and be as one of those future millionaires in bitcoin. And it’s really possible if they have faith in bitcoin. |
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Just responding due to subjects of the thread, invest is something we have think otherwise before going into investment because I believe that in investment human need to be extremely careful before it invest, secondly invest what you afford to loss, that's while it's encouraging to ensure that you use your spare money to invest in a platform you know quite well you have not mastered since you really want to take the risks.
Investment has its certain risk especially if we are placing huge amount of capital. That is why we need to look for potential investments that have high probability of winning despite of the risk it brings. I could sense maybe he was tempted to invest in shitcoins and just immediately invest a lot of funds without making prior researches at first. Obviously the greed is so high for him. Hope this could bring a lesson for everyone to never invest because of greed, invest because you know your investments well. And in case you never know, only invest if you are prepared to lose, as investments not all the time guarantee profits. |
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I spoke to a friend about Bitcoin and he asked if it is safe to invest Pension funds in Bitcoin considering the fact that this is a retirement saving. I am skeptical of investing people's funds in this coin because it can't be predicted also we cannot overlook the fact that Bitcoin may enhance investment returns at retirement.
However, my findings from people that work in these organizations say contributor's funds in some categories can be invested in risky investments because of the high return on investment and contributors have the option to opt for this option but with the exception of the soon-to-retiree.
The fact that this is your hard-earned and retirement savings, then the more that you have to be careful on what and where to utilize those funds. If you only invest it without caution, then you might see yourself ending as a beggar when everything you earned had totally lost because you take so much risk through investing. Though it’s not wrong to invest because that’s your own money in the first place, but never invest in an amount that you can’t afford to lose. Just like with bitcoin, no matter how promising it is, but it’s still a high risky investment that you can’t be assure of how that investment may end, so just invest a little portion of your funds so that if you happen to lose them, that will not greatly affect your retirement plans and decisions. |
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How can two persons be so addicted to gambling that they'll go to such an extent? Apparently the mother is definitely not a good role model to the son. The son definitely needs a strong father figure which is what he lacks. I don't like the punishment or fine give to them. It is not going to be in anyway effective. Their punishment could have been rehabilitation and community service.
Maybe, they have an internal problems at their home. And they thought that through gambling they can solve their problem and it will an answer to their other issues. But it happen that they become addicted and that's not good because not only the mother is addict it is also become her son. Their family went to a lot of course and they needed counseling as well. People would not really fall into gambling addicts easily if there’s no wrong with the way they live. Maybe this mother and son have experienced struggling with their finances that’s why they took gambling chances hoping that it could answer to their financial problems. But they have gone too far with gambling and even blame someone for their misconduct. This is a very wrong attitude, and worst thing is this mother has greatly influenced her own son to act that way. I pity her son because he’s just a victim to his own mother’s wrong doing. Hopefully, they will receive proper counseling and that they should learned after all of this worst phase in their lives. |
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The guy who has experienced was first a novice who acquired knowledge first and through several trials by errors, practice and repeated practice. The way we learned about bitcoin was not through experienced, most of us started through a simple Google Search - searching for knowledge. Then we went on YouTube to watch a step-by-step tutorial on how to buy bitcoin on Binance, Luno or whatever crypto exchange app we were first exposed to. We followed the same process for other crypto related concepts. This was applying the knowledge to gain experience. We didn't first, second and third time until it became like second nature to us. Knowledge is important first. Just like a child learns to crawl first before walking, so it is with knowledge and experience.
It’s certain that knowledge should come first because it serves as your foundation in learning, and when you think you have learned a lot but still there is lacking, that’s how experience enters your mind. Knowledge and experience should go hand in hand as they are both essentials in the learning process, otherwise if one is lacking, most likely the learning process is not complete and will never become entirely relevant to your life. |
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Gambling causes depression and depression leads to committing crime, in the heydays of online cockfighting here in our country, people are committing crimes even to their families, just so they can play online cock fighting.
Gambling is like a drug if you cannot handle the way you take it, you will be miserable.
Imagine committing a crime against your family because you know that your family will forgive you because they want to preserve their family's unity.
The way gambling addicts think really sucks, but it’s a reality when you are obsessed in a certain habit like gambling, you will be force to do crimes even putting your family as your own victims just to satisfy your addiction. This is no longer new as most of the gambling addicts have lost their right thinking and just resort into doing things that are unbelievable and bearable for their family. That’s the reason why if we can avoid gambling in the first place, then do it, if not just gamble only for fun and not to gain a real income. |
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I think that's one of the good addictions a people can have. The other examples would be reading books, studying math, learning new languages etc... It is much better to get addicted to investing instead of spending your money on the worthless crap, At least your addiction is about making even more money your assets will make you rich in the future. Tbh I am one of those addicts and I couldn't be happier about it. I invest and in return my investments make me even more money so I can invest even more. winwin
I can only say it’s a good addiction unless you’re not depriving yourself from eating healthy foods and buying yourself some basic needs that your body needs it. But definitely its a lot better than becoming addicted to gambling. At least, when you develop addiction in investing, you will do a lot of saving because you have a certain goal to fulfill in the future. And through investing like bitcoin, your money will generate more income that will pave way into achieving your goals in life. |
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If you play slots because you want to win a lot of money, forget about it because slot games are luck-based gambling games. So if you don't have luck when you play, you can lose and the losses will get bigger if you can't control yourself.
The tips you provide are very interesting but try to have limited funds so you don't exceed the money limit you use for gambling. We know that slot games really tempt us to keep trying our luck so that we can spend a lot of money. Without restrictions on using money, our losses can be bigger than we imagine.
Well, not just on slots alone, most casino games are certainly luck-based so if you keep trying to win jackpot prizes, don’t forget to do the math first as you might used up all your money before you get lucky to win some. That’s why when you go to casinos, always prepare an amount that you can afford to lose, most especially if you are targeting to play slots. Otherwise, you’ll end up with pocket empty without even hitting your first luck that time. |
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but with football it is different, your bet is on the performance of a soccer team and the gambling platform will only win your money if your football team loses, right?
Yeah, but it's still depends in the odds, though if you bet on the winning team, but losses on the point spread - +, then your bet losses as well. If you just bet straight on the winning team, casinos don't usually put huge prizes on the favourite teams - so, it doesn't look like the casino losses anyway. When you bet in the underdog, there will be a bigger prize but definitely a small chances of winning. Obviously, the casino has still its edge even in sports betting. And most likely, whether we win or lose, the casino is still getting the win-win scenario. That’s probably how gambling casinos are designed, the house will always win while leaving the players at a losing end. So even in football where we get high chances of winning particularly if we bet on highly winning team, even if we win we won’t actually gain completely huge profits because the casino has already anticipated the result in every game. |
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