You'll be disappointed if you have absurdly high expectations, and this doesn't solely apply to cryptocurrencies but to life in general. Be realistic, and everything will turn out fine. The issue with cryptocurrencies is that media coverage made them look like a get-rich-quick scheme after portraying some early success stories. The truth is that there are people, even in this forum, who have made or are still making huge money through cryptocurrencies. However, chances are that the majority of us won't manage something like that, and this is where expectations fall through, which is why we need to be as realistic as possible to avoid feeling that disappointment.
It may also be known to us that crypto is not just life changing because of millions of profits you can gained from it, but it can also be a reason to turn your life upside down because you chose to deal with crypto the wrong way. The reason why setting high expectations are also not helping since it can lead us to frustrations and even anxiety. So live your life according to its realities. That way, you don’t have to exert much efforts especially in some things that you know won’t work in the end. |
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@OP thank you for the link, it is indeed a very informative website. It caters to knowledge about gambling addiction, its signs, and determining if one have gambling addiction. What's best is the service is free as @OP stated. Hopefully it will be useful website for addicted gamblers who suffer from controlling limits. The more you chase losses, the worse it goes as confirmed by experienced gamblers. Knowing your limits and not pushing your luck may be solution for short time frame but in the long term professional help is needed, IMHO. Thanks for spreading helpful tools on this forum board, it must be nice to know you help strangers who share same problems.
From the information on the site alone, I can say it is a great help. Plus they provide 24/7 services to advise people in need. they also have a community of experienced people that were once addicted to gambling and are now rehabilitated and going back to normal living. This is a useful site indeed. Although I should say that I still have no serious problems when it comes to gambling as I only gamble occasionally, but for those who are badly facing serious gambling problems these days, the said link should be a good start. But most importantly, know your limits in gambling. You don’t have to gamble everything you have, as gambling will always be gambling and have no guarantees that it will give good returns for us. |
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* Don't forget to spend only a teeny tiny of money on wants, and only buy wants when you have a budget oversupply. Needs first — always.
* Increase your income. Saving can do so much.
That is the basic thing, not to spend on wants but needs should come in as priority. And if you can live as simple as it seems to be, then do it and never live setting your high standards as it will only make you spend unnecessarily and worst you become drown in debt. And as much as possible, always have varieties of sources of income, that way you will gain financial freedom later on. |
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I would say that "It was not the best decision". We can't just throw money too easily and that much more if that is hard-earned money because we can't just put trading like gambling where we rely on luck otherwise, forget about trading.
Having a basic knowledge of trading is the very least requirement and even using trading bots won't simply work. We have to consider and invest first in knowledge for this is the tool to success or else, losses are only what we get. I don't think that is what we wanted to happen, so we don't need to push ourselves if we are not already ready for this.
It’s useless to trade without knowledge and just expect losses afterwards. You should have not trade at all if that is the case. But we can’t really deny the fact that a lot of traders are trading without basic knowledge and skills, because of their greed for money since they always assume that trading will result into profiting that’s why even those who don’t understand much about trading are still trying their luck to trade and expect good returns which I think are only rare to happen. |
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Not sure about you guys — but while I love Bitcointalk, it's funny how much unnecessary praise-posts it's getting lmao. We're getting cult-like.
Well, we all know if those praises are true or not, maybe just for the sake of the topic that’s why a lot are already making some unnecessary praise posts just to contribute to the discussion. But I believed this forum deserves a lot of praises due to the limitless knowledge we have learned from it. And if we keep on reading and learning here, for sure it will help us to be more motivated to be successful in the forum provided that we also follow the right mindset to be a successful investor or trader. |
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Honestly, if I were you, I wouldn't agree to buy bitcoins for him, he said he was ready to take the risk and take responsibility because he was very excited and wanted to own bitcoin at the time. Maybe you mention the risks, but he won't understand because he hasn't experienced it, and if unfortunately, the investment loses, he will most likely come back to blame you because it was you who took the money to buy bitcoins, not him.
Try to teach him all the necessary knowledge about bitcoin so that he better understands the pros and cons of investing in bitcoin, only when he understands it can't blame you.
It’s a good start that you educate him about bitcoin and the risks associated in it, and you helped him creating his own wallet as it’s always basic that not his keys, not his coins. However, you should have warned him too that there are possibilities that he might lose afterwards if the market suddenly collapse and drop the price and tell him frankly that you are not liable for whatever losses that he may incur. At least, that will be more clear for him that he should be responsible of his own investment, and not just rely on someone else for his final decision. |
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I can tell you that Play'n Go is a well-known provider of online casino games, including slot machines, with a reputation for creating high-quality and engaging games. The high multiplier you achieved on Rise of Olympus is not uncommon for slot games, which frequently offer the possibility of large payouts and exciting gameplay experiences.
However, it should be noted that the outcome of slot games is determined by random chance and cannot be predicted. While you may have had a good time playing new Play'n Go slot games, it's important to remember to gamble responsibly and set limits for yourself.
I played these games numerous times, but I never received a large multiplier.
I guess it all goes for all types of gambling, not just for slots alone but even in sportsbetting as well. You have to always gamble at your own risk. Otherwise, you’ll be left with huge losses that will eventually make you financially broken. Nevertheless, playing slots with Play’n Go might also really tempting especially if you have the feeling that you are certainly lucky today and you would chase that luck to attract more profits. Although I am now setting limits from playing slots, but playing with your spare money is always fine and still exciting. |
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The problem here is that OP is assuming that the gamblers don't have savings, and I do not agree with that declaration. Not all gamblers are alike, some of them play it smart and know how to save some when they hit a big win.
Those who don't have savings are people who feel like they don't have anything to lose. And when they win big they spend all that money and do not save a penny, then they will be broke until another big win comes. That's how they roll. Risk it all to go big or go home.
Definitely, not all gamblers have the same mindset. While others play to earn and immediately save some of their winnings, some are very reluctant to save because they think that saving will not grow their money, so might as well gamble it as there are still chances to get lucky and win bigger amount. Yet in the end, they lose all their money and got broke totally. So saving is always a choice, because you know with gambling there are no guarantees to keep on winning the whole time. |
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I doubt bookmakers do it this way, because bookies would not easily or even be able to disclose their user data to their business rivals unless they are sister sites.
The way gambling sites work to be able to catch a suspicious account is more complicated than we think, only by using a different email the gambling site can find other oddities because surely they have many benchmarks before concluding that the user will be hit by a limit.
That's right, I think using an email is not a good thing to do because as much as many email addresses he will create still if he is living in a same roof with same internet connection his IP will be the same. Online casino can banned someone from accessing their website using their IP, but based on cyber crime law they should not disclose any info or data of a certain person. But who knows maybe somehow these casinos can tip each and everyone that a certain player is cheating or abusing some bugs of their website. It’s possible that casinos have also their way of connection since they are in the same line of business, so if you are blacklisted in the other casino due to your unethical behavior, then it may be possible that you will be investigated too in the new casino you are going to register. Most especially if these casinos are affiliated with each other, then the more that you will be caught personally. However, in case if you provide different KYC details to different casinos, but you are using the same IP address, then you will still be question for that. Also, seeing you play with the same patterns, then you will be subject for investigation for sure. |
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You can deposit some coins to your uncle's account on a crypto casino, I think he can already manage to do it on his own. You just have to remind him to be careful in pasting BTC addresses in withdrawing.
...
You can't teach an old dog new tricks so easily. I think OP should set him up completely, from creating a wallet and registration to making first bets, and in case he makes some profit he needs to show him how to withdraw. I would like to hear the rest of this story... some old habits are hard to change, especially in old age. I think it's not just gambling, but the ritual of going to the casino, meeting old friends, and all the other stuff that goes with getting out of the house. I wonder if he will make a shift to crypto gambling or if he will find it less interesting and go back to brick-and-mortar casinos. I would agree to this that teaching an over-the-hill person is not easy and should be needing a longer time for him to understand like teaching him from the very basic up to the most complicated part. I guess that is important so that he won’t be making mistakes when he’s already betting. However, since he’s fond of brick-and-mortar casinos, I guess this will be a challenge for him to start embracing what is new and is of high demand. But if he will be well guided by OP, I think that will be a lot of help for him so he can gamble confidently. |
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Anyone see the odds for this fight?
Davis - 1.35
Garcia - 2.95
So that is a huge gap, Ryan Garcia is 3:1 underdog in this fight, hehehe, I don't think that should be the gap, but sport bookies think that Tank Davis is more of the complete fighter and totally disregard of Ryan's power.
And if ever the fight pushes through, it's better for Ryan's fans to go bet right now, go to Vegas and put a lot of money or for us, go to our favorite crypto bookies and have that bet on the ML.
that would give a very good motivation for garcia to prepare and be at his best when he faces davis. right now, that's the odds, so maybe when the fight is getting near, they may give garcia like 2.5x. but so far bookies are giving davis at the spot here. davis' last fight was a tko with hector garcia and it was only last month. whereas, ryan garcia's last fight was july 2022. the gap is quite long for garcia, whereas, davis seems to be at his best. so let's see if there will be upset here or not. Definitely, the present odds will challenge Garcia to improve his performance and give his best shot inside the ring. Otherwise, Davis will beat him because it’s obvious that Davis is the crowd’s favorite here because of his impressive fights prior to this fight. So if I were Garcia, I’d see this as a great motivation to be more serious in this fight and refrain from talking nonsense as it’s always the performance that will only matter in the end. So good luck and may the best player wins. |
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From what I have seen in the news and also in the forum some people have met their life savings into crypto, and they have managed to be those people who have reached financial independence with the correct and lucky choice of project.
As long as you have gained profitable results in the investments that you have done with crypto, I think that’s going to be already the dream.
Maybe if you were to invest in it continuously ever since you discovered it, it may be 5 to 8 years ago, then that’s a life-changing amount.
Many have been successful in crypto and achieve financial independence but always know that their struggles before achieving that goal is never easy. It’s really a matter of hardwork and resilience, and of course patience as crypto is very unpredictable. And it’s very important that you are investing in the right projects, because that will give you decent amount of profits. Otherwise, if you trust the wrong projects, you will only lose your money and you may be discouraged to invest again. |
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It's an interesting experience but I'm still looking for someone able to leverage its abilities and skills for real help in gambling, at online casinos or at land based one thanks to a smartphone. But unfortunately I think the level ChatGPT AI is still too low to give a concrete help for any gambling game yet, sadly. Maybe in few years we will see enhanced AI able to do that though.
In the end, ChatGPT would only tell that gambling is risky as it is, so one should always gamble at its own risk. But if you are expecting to get better answers from ChatGPT like giving you strategies to win or analyzing some bets for you, this AI machine will never be capable for that. That’s why we should still use our human minds when it comes to gambling, as gambling needs more focus and good thinking analysis if we want bigger chances if winning. |
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To answer your question- I think not a lot of people bet on sports to make a living, only a very few of them do. However, it's worth mentioning that there are a lot of tipster on soccer where someone can buy credits and use them to buy match result from tipsters.
Personally, I do it for fun, to spend little time. But I'm not in loss. If I check overall, I'm pretty sure I'm in profit.
Most of the times, I play in stake, that's best I think considering all other aspects.
I have also good experiences with Stake so I would say that it’s one of the most reputable one I know. But I would never suggest to anyone to make sports betting a source of living, it will never guarantee consistent profits since it’s still gambling after all. Although sports betting create more chances to win compared to casinos, but the best way to deal with it is to see it as a source of fun and entertainment rather than to make it a living and eventually lose your hard-earned money in the end. |
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The idea of the religious leader enlightening their followers about Bitcoin will make some of their followers trust and believe in Bitcoin. However, religion was not about enlightening people about BTC and I also believe most religious leaders cant be aware of the concept of Bitcoin until some of their followers introduce them to it. Meanwhile, I have once seen a church that accepts offerings and tithes in BTC I don't remember where I watch the video.
That could be true, as they always look up to their leaders and easily influenced by them. But believing in such things that they don’t even know will only lead to failure and losses in the end. So I don’t think it will be an effective strategy to promote bitcoin, aside from churches should never be involved in any people’s own desires to promote something that is not related to the church. Yes, it could be helpful but in a wrong way. |
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We have seen many success stories related to cryptocurrency, but those who have lost their money have already left the forum and will not be able to tell us their story. And what kind of story can the OP tell, who obviously, because of his inherent modesty, decided to keep silent.
Some people are too silent but some people are also proud of their achievements in life. Might OP don't have any good experience which makes him silent or solicit opinions and stories just to boost his courage and motivation? Or this could change his mindset and make him believe that investing in crypto is a good investment, not a failure. Then he could start planning what he gonna do next and can show us as well his achievements in the future. That could be some possible reasons too why he let us share ours so he can change his mindset and his way of dealing his investments so that he can be as successful like us in the future. Or it might be that he’s just too humble not to brag his successes for the past 5 years, but I think we can do bragging too in a positive way, that is to inspire newbies that there is fortune in crypto investments so they should work on it with hardwork and determination. |
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I think peoples tendencies to do things spread across all spectrums of their lives, not just when it comes to one specific thing. For example if you're good at saving money you're probably good at saving other things as well as being dedicated and disciplined. Most people that I know from my days of working in finance tend to bring their strong financial behaviors to all "sectors", so those clients I have that I know own bitcoin, and are good at "saving" it, tend to be good with saving money and other investments.
Probably once you’re an effective saver, be it bitcoin or fiat, you will definitely succeed in it because you have the discipline and determination to save. Because you have set a goal to earn and save now, and make profits later. So if you are good in saving money, then whatever you intend to save, you will really achieve it because you have the right attitude that you have developed even from simple saving of your extra money. |
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Teaching children from their 7 years old on about bitcoin is a good idea if you care for their future, but keep in mind they have to be receptive to the idea, otherwise the experience can be frustrating, what can even make them have a negative view towards bitcoin on their adulthood.
Also, it's an interesting alternative to create a wallet for your children and deposit some satoshis there every month, so futurely, once they become adults they will have a decent sum of money to start their professional lives.
They should be aware too about the risks brought by bitcoin. It could be a life changing investment but if they do it the wrong way, their experience will also turn like a roller coaster. Moreover, knowing their still kids and their way of thinking are still limited, so they should be taught first only the basics and when they become mature enough, they can already grasp the complicated part of bitcoin. |
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$6b is only for the casino property, and just imagine how much they have in their bankroll plus the money that they should have in order to pay for the maintenance and upkeep, operating costs, and salary of all their employees. I just can't fathom how these huge casinos make that much money, but I guess there are still a lot of rich people who don't know what to do with what they have hence they end up in the casino and waste their money there.
That means the casino business is really a making huge income out from those random gamblers who might be staying for vacation or from their regular players who are mostly high rollers. I wouldn’t be surprised about that because Marina Bay Sands serves as the center of attraction in Singapore so obviously, a lot of tourists would target this place for pleasure and entertainment purposes. |
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Never try timing the market bottom
I have tried to time the bottom in the past and failed woefully, this is impossible to target even if you are a master of the crypto charts you will always miss, the best solution to this is dollar cost averaging.
Do not fall in love with your coins
I got too attached to my coins and while they are pumping I failed to take profits, I also get too attached to a crypto platform called Celsius and they went bankrupt on me.
I know many have done one or two things wrong in the crypto space, so what's yours? Mind sharing?
1. Know your investment well so you will know how to manage and grow your investment and in times of market recession, you should know that panicking will only put your investment at risk so avoid being pressured on it. 2. Have a long term goal. That way, you can gain higher advantage from hodling your coins for years knowing it could give you so much profits if you have the courage and patience to perform it without being bothered by the outside market factors. |
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