- I do not know why we have to give up gambling, if we give up it is not easy, we should accept living with it. The most important thing is that we need to limit and control ourselves, manage to spend money reasonably, that will help us avoid losing too much. We may be addicted, we may lose but the problem is that we do not let it affect us and the people around us. We should make gambling become a healthy and useful game, should not make it become something ugly and need to give up
There are things you do which you find it hard to give up but you have to. Heroin addicts often enjoy it for a long time but when they really need to stop doing it, it's extremely hard and many go back to rehab several times. Can't just use it "in moderation". |
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Did you considered also gambling has taken all those precious time you have ,the days and nights? Do you even realize that time you've spent in gambling will never get back? It's not all about the money you waste, but how much time that needs to be used in a certain thing you must do. I don't want to lose anything and something in gambling again.
True, we can lose our valuable time too if gambling became our daily habit and we can't control ourself. When someone start ignoring other stuffs than gambling, there's a big chance for them to lose his job as well. There're still plenty of things that may be gone if gambling already became our main thing. Frankly, this forum is the best place for us to read other's experiences and thoughts about gambling. So, it can give a good warning to most of the members before they faced such bad condition. I'd say that "wasting" time is actually fine. People do a lot of things which are pointless in reality but they are enjoyable and that should be a point in itself. |
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unfortunately in my 2 years of gambling in casino I never won a cent and always go home with nothing to bring.  how the hell do you gamble for 2 years and never come with something home? you obviously didn't follow your moms advice then  you only followed it one way through, you cut losses when you lose, but if you want to win you need to cut wins too the more you play after you're in plus it means you're getting closer to losing you need to know when to stop even when you're winning I've never brought home much too. More losses than winnings most of the time, the best I brought home was a measly 10% of my original deposit. That's all I can get from it. Guess my luck seems worse than others most of the time. Wish I can get a chance to even double my money whenever I play. Your "luck" means nothing, when playing probability-based gambling it will be random and it's irrelevant whether you're supposedly lucky. Your problem is a lack of strategy. No strategy will make you win all the time but with a house edge of 1% betting 50:50 you shouldn't lose more than 51% of the time. |
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The best way to do it would be by having an upper limit. That way if you win, you know when to stop and also you should have a lower limit so that if you lose you don't keep putting in more to try and earn it back.
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Saving some part of winning to gamble is not a good decision. But saving bitcoin for the future purpose is a good decision. Spend half of the coins to buy your things, and remaining coins don't waste to play gambling. Do any other business like trading and investing and increase your capital. This is the right way to double your money.
But I'm not finding any suggestion for continuing gambling from the winning amounts. You mean to say to quit gambling once after making some exciting winning ? I'm not finding any good with that because we just made profits and why not we continue there ? I'm not finding any wrong for saving some portion of winning amounts for continuing gambling. Probably going with all 100% of winning must be a wrong thing, anything below 50% will be good for another winning. Your expected returns are always a minus number. If you earned a really significant amount of money surely you would go and put it in stable investments or go and spend it somehow instead of slowly throwing it away for the house, |
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I did some gambling addiction tests today, and result was as always - I am at risk to become addict  I don't know, my bets are usually low, my gambling bankroll is low and I always gamble with money I really can afford to lose. It's just sometimes I am too greedy and I want more. I caught myself few times chasing lost coins too. Any thoughts? I think you are just worrying, you are just thinking negatively. Try to calm yourself and think again, if you are a gambling addict, why will you think of these matter, a gambling addict never thinks that he is addict, he gamble everyday and he don't care. You gamble and your bankroll is low, that is not a gambling addict ideology, mostly they will say, I have my parents and my friends, I can borrow money from them and use that to gamble. Everyone that is gambling will be ending up losing, it is the same as you. Chasing lost coins isn't actually too bad if you're still doing it with small amounts. Even a martingale strategy can be okay as long as you're not totally out of control. |
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Many people under 18 gamble and they think it is an "investment"..
Sounds pretty condescending. I don't think that many people who are under 18 are that stupid. They might gamble though, especially on Bitcoin casinos which don't ask for as much information as other services. |
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For me I see gambling as a game of luck while trading is base on your skills,
So that is why trading is better than gambling because it is based on your skills and experience.
I strongly agree with you, Trading is considered better than gambling by a lot of peoples because it's not based on luck. It's about knowledge and skills. when you learn a lot about it. You can always make a profit by trading and you will be a successful trader, by the way by doing gambling in a long time, you can't win all the time, this is the main difference i think. yes the main reason which turn gambling better than trading is that in trading we mostly depend on our previous experience and trading skill while in gambling we can only depend on our luck and not on our experience and skill. therefore i will also like to say that trading is more better than gambling. I think in gambling some games like sports betting you also needs experience and skills but we can still consider trading as gambling because in sports betting you are still gamble because you are betting the good part in sports betting you need to analyze the previous games first so that you can decide which is better or who will win..unlike in trading you are just waiting for the trends.. if the price is high you can get benefits if you sell it in good price. Trading isn't really a game of chance since it's not based on set odds. The odds are much more hazy and you don't know what's happening. Still, crypto trading is much closer to gambling than any other form of trading or investment due to its trademark volatility. |
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The only way to turn gambling into a profitable activity will be to first play a game that can give you some kind of profit at all, and one of the few games where that is possible is poker since you are not playing against the house but against other players.
Yes it's kind of true when i played poker against house my wins were less but when i tried playing other players i was in a better state. The only problem is I'm not an expert in poket i just know the basic rules so i think that can be the reason for my loss. Somehow you are right folks, poker is one of the best game ever and you really need to compete against with your opponents because in this game. This can be a very profitable game and you need to have enough intelligence for playing against other players. This is a good choice to turn gambling into profitable activity. The problem with all of these things though is that for there to be winners there have to be losers. Poker sites might have some people who aren't intelligent enough on there, but in most cases the better you get the better everyone else is because everyone is looking to be too professional. It's like the race of Bitcoin hashrate. |
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I think it is better to do it in trading rather than gambling,
You are just putting your money in a risky game for me it is safer to make some profit in trading.
to me i think .o1 Bitcoin is not such a big amount of money, i think any one can afford such amount of money, i think you can try both trading and gambling from such amount of money, i think it depend on your experience and your interest, if your interest is in trading then you can really make good amount money even investing such low amount in trading. and if your interest is in gambling and you are a luck person with some experience then you can also make good money from gambling. Even poor people can afford as little as that. If you're through the inconvenience of buying in the first place, might as well buy more and start off on the right foot. |
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One thing I suggest to people is to head over to Fiverr, there are tons and tons of interesting stuff and maybe you'll think of something of your own.
Fiverr must be a good example of how many opportunities we could get from freelancing sites. We've only missing those opportunities for not making money with them. We need to develop our skills and opportunities are already there hence what all we need to do is to make use of them. do something just for the money, find something you love doing and money will come with it.
That is the right way how we must start working. We must first choose our interesting field after that we need to develop required skills there after we can find opportunities are coming in and knocking our door for the better future. Fiverr doesn't deal with Bitcoin anymore. It's just a gimmick P2P network of crap services anyway. Any service which you can offer related to Bitcoin, you can offer on your own site with your own terms. |
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i would convince them that bitcoin is better than fiat, in one way or another if is still too stabborn to understand why i can just point him that you can make money with bitcoin, i'm sure now he would give bitcoin a try, when people heard about easy money they always jump on the train
Not many people will simply sway towards your explanation. You simply mentioning free money should send alarm bells ringing in the person's head. Try to whittle out the bad stigma. We can bring a horse to water, but we cannot force it to drink. Usually if people hear about something that sounds so good, they'll assume it's a Ponzi scheme or something. They need to be convinced about Bitcoin's inherent value as a currency and a digital asset and why those things are relevant (artificial scarcity etc). Calm explanations should do the trick. |
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Some consider bitcoin as commodity like gold and they just use it as an investment.Thats why they say it as Digital Gold.
Some say bitcoin as money since it is used to buy any products just like money and so they consider it as money.More over,just like money,it is also used for transactions.
Since Bitcoin has both the features,we can say it as both money as well as commodity.
This shows that bitcoin is a hybrid of both traditional fiat currency and a digital currency. It has a large acceptance and so the price of bitcoin is very high considering the local currencies. Thus people want to buy and sell bitcoin and make profits out of trading. it is also used a currency but I think usage as a trading material is more than as a currency because in many countries bitcoin is not yet popular and not many merchants accept it "Traditional fiat currency" has been a digital currency for decades already If you refer to cash as "traditional fiat currency", then Bitcoin cannot possibly be a hybrid of these since Bitcoin, unlike fiat currencies, has nothing to do with cash altogether. I'd rather consider it a step ahead from fiat currencies as such (both "traditional" and digital) but certainly not in terms of how digital it is. Fiat currencies are as digital as Bitcoin can ever be (but not only digital, of course). Other than that, there is nothing extraordinary in using fiat currencies as commodities, either. That's what currency markets are basically involved in (i.e. in trading money as commodity) Bitcoin has a relation to cash in that it's backed by legitimate value. Cash is often backed by gold or has been in the past and is related to it, whereas Bitcoin backs itself while being held by individuals in their own homes like cash is. |
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Kinda small, around 0.05 maybe... And i've spent it to buy some steam wallet because paying with bitcoins were a lot more cheaper than to pay with fiat, even with the Tx fee attached.
agree with this, i saved bitcoin because it much easier and much cheaper than my fiat money exchange to emoney(PP,Skrill,Pm) to buy anything online If you're dealing with amounts that small, it won't be any cheaper at all and probably more expensive. |
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I no longer believe in it. The rich can become one who already has wealth. And the poor simply have nothing to invest and they remain poor.
Yes, with bitcoin, those who bought it four years ago got rich and kept
But they only gained money because more people put their money in. It's not a Ponzi scheme of course but it isn't something theoretically infinite like interest, and most people will rightly be conservative with their money on such a new technology. |
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when the price of bitcoin drop i dont usually panic on selling it out or cashing it out because after a weeks it will pump very high tried and tested since i begin on bitcoin and also bitcoin is so dramatically when it comes on crashing and then suspense when it comes on pumping maybe bitcoin is being control and depends on the traders .
Well you are a strong trader but sometimes you must dump your coins and try to get the bitcoins even cheaper, this is what most traders does when then see a dump coming, they join it and expect cheaper coins, this year it happened twice with 200-300 dollars between before and after the dump, and well bitcoin has recover in part those value, soo it would mean around 10-20% extra more bitcoins if you had followed those. I agree that if a trading thinks the price will drop soon, he will sell regardless of the current price. The problem is guessing when a dump will occur. Usually it happens after some bad news or after the price has gone up really high. It's very hard to time it correctly. It seems to me that with the crypto currency it is absolutely impossible. Sometimes bitcoin behaves unpredictably. But often the price of bitcoin goes down due to the fact that many newcomers lend themselves to panic and sell their savings and additionally newcomers are afraid of lose money. but they dont even know this is part of trading experimentation. Patient and self-control is more important than statics,graphics in this market. i can't say anything to panic sells while in margin trading. Experimenting in trading shouldn't require losing money, you can open practice trading accounts or trade with insignificant amounts of money pretty easily. |
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Nowadays many people are starting to invest money on bitcoin or the buy bitcoin..is this a good approach?
How this will influence us in future?
If more people begin to do that then prepare for an explosion on bitcoin related business and services and with it the value of the coin is going to reach the moon if the average person gets into bitcoin. Then that would be a great news to all of us, having those would be easy for us to buys things directly with bitcoin. But it would likely to happen after 2 to 5 years depending on how bitcoin will work out. I think it'll take a long time before that has any chance of happening. Bitcoin's price might rise but its current price is very reliant on big investors and isn't supported by common usage. |
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Paper money will not be banned completely.Recently, indian government tried to demonitize high value paper notes inorder to increase digital transactions.But it didnt give any expected results and when new notes were released,people once again started using paper currencies.Venezuela also tried to demolish paper currency and failed.So,paper money would exist in future but its users would get reduced in numbers.
In reality, Paper money can't be banned forever. You know our world whole depend on paper money. Without it we can't live and eat and nothing we could do anything. Just you give us example of India, it is true, their government do it, but still Indian's government not want to close paper money. They do it because they want to control their value of money. yes that is very right that paper money cannot be banned but its use can be reduce. if the user of bitcoin will increase then the use of fiat will automatically decrease. The paper money usage has already been reduced. I do most purchase with credit cards. Plus it's not at all unlikely for it to reduce further. It's very hard for governments or banks to track cash transactions, whereas with digital fiat it's right under their nose and they can find out if you're doing something that they deem to be wrong. I would hope that Bitcoin would have a healthy relationship with physical fiat in the future. |
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The best way for a steady income, especially when it comes to Bitcoin, is to probably join a signature campaign and always cap out whatever the maximum number of posts a day/week/month is, that way you get a relatively simple and consistent income directly in Bitcoin. Now that doesn't fit your criteria of not doing anything, so that's out of the question.
One potential idea is investing in a casino bankroll and get paid that way. I haven't done it in the past but with enough research I think you'd probably have a good idea of how it would all work.
Yes i agree. The best way to earn on a steady state is on signature campaign. Through this you can earn on a fast and reliable way witj ease. As you earn yoy can used it as a capital for you to start on trading where you need to monitor always the price for you to know when to buy or hold your bitcoin to earn. You may also start accepting transaction bitcoin like buying load or paying bills to get rebates. There is absolutely many ways to earn bitcoin. And for a steady income? You will just need to always work hard and focus. In this you can earn bitcoin in a steady state. Permanent income will be when you work constantly. And it does not matter which area of work you choose. The main thing is that you like your business. Permanent income will when you have enough money to earn more, if you are looking for passive income. In reality you're talking about roughly 5% ROI per year in the most basic or stable investments, and maybe a bit more than 10% if you're reasonably good with a portfolio. |
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To be honest, the volatility is the reason why a lot of people hold - it's annoying to spend it since you don't know what the value or transaction fees will be, but you believe that the price will go up in the long term. That also keeps the price up because there's less Bitcoin being dumped into circulation, which in turn will make Bitcoin more stable after some time.
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