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241  Economy / Gambling / Re: Profit By Betting on Losing Teams on: June 14, 2023, 10:02:42 PM
But you have to be very careful when choosing a team and not blindly follow the system. In reality, many bettors tend to simply bet on the winning team without considering whether the spread will be covered or not. It may seem easy to decide which team will win, but the concept of betting against the public, although said to be profitable, requires caution and careful consideration when using this strategy.

Whether we choose to bet on a winning team or a losing team, we must do research so we'll have an idea about how each team works. No matter where we bet, we should be cautious and always consider the possibilities. If the public are betting on a certain team, it doesn't mean that the result will always favor them. Anything could happen anytime so we must analyze, discover and explore about the players' capabilities. Betting on the losing team all the time would be a lot risky unless we have tried the strategy multiple times and it worked successfully for us.
^ Because for me, when it comes to placing bets, it is important to have a level-headed mindset and conduct thorough research on the teams involved. Whether we lean towards a winning or losing team, understanding how each team operates it. Because it is important to consider all possibilities, as the outcome of a game is never guaranteed, regardless of public sentiment. Analyzing and exploring the capabilities of players is a valuable strategy. However, consistently betting on the losing team can be inherently risky unless we have extensively tested the strategy and achieved successful results multiple times. Always keep in mind that in the world of sports betting, being knowledgeable enough and making wise decisions is key to increasing our chances of success.
242  Economy / Gambling discussion / Re: Why People Still Gamble? on: June 13, 2023, 09:50:46 PM
~snip~
It's exactly the same with other bad habits which can and do bring people and their physical health to states of complete and utter ruin. Such as alcohol and smoking. People always tell you to avoid it, yet they still do it.

I guess it's about making a sacrifice to enjoy something that you like. Either way, nothing lasts forever, so why not indulge, as long as you don't overdo it?
But it still really hard not to overdo it for some folks out there, gambling is part of fun alright but the negative effect when you overdo it is really damaging and I don't think I would advice anyone to indulge in gambling but if you feel you want to have with gambling like the way I do now then following a strategic plan for this will help keep you in check to know if actually you are going wild with your gambling habits.
^Because I think gambling can be emotionally stimulating and provide a temporary sense of excitement or escape from reality. This emotional high can create a psychological attachment to the activity, making it difficult to break the cycle even when losses occur. Because even on my side I believe the gambler's fallacy is the belief that previous losses increase the likelihood of future wins. People may think that if they have been losing for a while, they are "due" for a win, even though each gambling event is independent of the previous outcomes. So in this case, if you can't control yourself, the addiction will enter, compulsive gamblers may experience a loss of control, prioritize gambling over other responsibilities, and continue despite negative consequences, including financial losses which is pretty bad.
243  Economy / Gambling discussion / Re: Is There A Time That You Calculated All Your loses In One Year on: June 13, 2023, 09:41:22 PM
~snip~
I currently vote No at your pool, so what's the conclusion?
^We are the same I also voted no because I did not experience this but I am thinking right now that it has a good benefit to us to count our losses sometimes when we have free time. Probably it will help you understand the financial impact of your gambling activities and provides a realistic assessment of your overall performance. By quantifying your losses, you can gain a clearer picture of your gambling habits and whether you are with your financial goals. This could be by understanding the extent of your losses, you may be motivated to adjust your habit, set limits, or seek assistance if necessary when you think you are in an addiction zone.
244  Economy / Trading Discussion / Re: Gambling is different from trading on: June 13, 2023, 09:32:42 PM
I was doing a comparison between gambling and trading I find out that their is merging between trading and gambling, I want to explain the categories of trading and gambling from my research gambling don't have to do with skills, but people prefer gambling than trading, .
..
It should be different.
but practically, many people are doing trading like gambling. Just like betting or slots. Sometimes they just bet on what they are trading, without any underlying reason or even post-analysis skills. Trading requires analysis as well as various other keys to success. But if you only apply it like betting, especially if you only rely on luck, this will be very bad.
That is why 95% of traders lost their fund because majority of them trade like a gambler, imagine an inexperience trader triggered a trade blindly without  considering the trend of the price probably placed a countertrend trade because of lack of knowledge of multi timeframe analysis as a result such a trader is bound to experience streak of losses just trading like a gambler, however gambling is a 50:50 chance nothing is guaranteed because an upset can be created in bet that was suppose to be a sure bet,  I am involved in both trading and gambling and I Am convinced that the former  can generate consistent profit than the latter.
^ That is why we are in trading, don't focus only on the profit because trading is not all about profit, it is also to learn knowledge while you are trading. Because by investing in your knowledge, developing effective trading strategies, and staying disciplined, you can increase your chances of success in the trading world. It is very important for trading as a skill that requires continuous learning and adaptation, rather than relying solely on luck or chance as in gambling. So, therefore, trading without knowledge is gambling.
245  Economy / Speculation / Re: Take advantage of the price fall. on: June 13, 2023, 09:23:00 PM
If your friend is going to get nervous because the price drops a little, he's doing it wrong. Either he is not thinking long term or that $1,000 is money he may need in the short to medium term. It is better to study bitcoin, its history and price behaviour in cycles to get an idea of what is to come, and be prepared for HODL for a long time to come, if you do things right, a little rise or fall in price should not even faze you.

 Otherwise, I can already see your friend selling at $1100 because he's short the money when he can easily make x5 in a couple of years.
Well said. Panicking when you see the price is declining is never a good mindset. Your friend should have known that before he decides to invest most especially that price fluctuations is very possible with bitcoin so if you are not that brave enough, bitcoin investing is never meant for you. And know that bitcoin price drops are always giving us more opportunities to earn and be profitable in the future, so be easy on that and just do the right thing when the price is making a slight correction.
^ Definitely right both of you.
Instead of panicking, it is good to maintain stay calm and be rational. By doing the right thing during a price correction, such as assessing the market and accumulating more, reevaluating your strategy, or even considering additional investments, you can have yourself for potential gains in the future. Understanding the market will bring you more successful investors instead of panicking, so don't let yourself panic. Because from the start, your friend should have been aware of this before deciding to invest, especially if they were not prepared for the possible volatility.
246  Economy / Gambling / Re: Top 50 gambling Instagram & TikTok accounts on: June 12, 2023, 02:20:53 PM
crazy numbers... did we know if these are "all" real followers? How many bots/fakes/etc are there? Roll Eyes

I don't use any of these social networks so they all accounts listed above by OP sound like complete strangers to me.

I think that as a gambling-themed influencer, It should be also mentioned Drake. His posts about his (crazy) bets on Stakes are very famous ... ok they are sponsored posts, ok it's not his main activity ( Grin ) but if I know him, I guess he's really famous in this activity and probably deserve a place on this list...
These numbers do not reflect the actual number of real followers. The collection of information includes only the visual aspect, that is, it describes the number of subscribers specified in the profiles.
^That is a crazy number of followers, you posted this on June 6 and now, I tried to check the Tiktok account of Barstool Sport on the top it's 27.3 million but now it's 29.3 million, how come that fast it has grown to 2 million in just 6 days.
As I see, influencers did not focus only on gambling and probably they actually gamble but for video content only for their vlogs.
However, that is a great list that you had. I only have a TikTok account than Instagram, let me see who are those on your list and if they are really interesting to follow.
247  Economy / Gambling discussion / Re: Easy or hard to quit? on: June 12, 2023, 01:28:26 PM
Can you quit gambling if you make a life changing money and never go back to gambling?
~snip~
^ Not quitting but I think it is good to take a break, take a vacation for a week, that sounds interesting.
But unfortunately, I did not experience this, on my own, it is possible for someone to quit gambling after making a life-changing amount of money, but it can be challenging. Gambling addiction is a common issue, and winning a large sum does not necessarily guarantee the ability to quit. Many individuals who have experienced success in gambling often find it difficult to resist the urge to gamble again, leading to potential losses. The reason I did not experience this is because I gamble for fun not for making money.
248  Economy / Gambling discussion / Re: would you play more on casino when your country plans to ban BTC? on: June 07, 2023, 10:11:48 PM
while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.
There should be an option to hold since you can spend your crypto outside your country and that is the best option for your crypto. If the your government is restricting you already, then its better not to spend it and just wait for the market to survive and wait for your government to change its ruling. Gambling is not guaranteed and I don’t want to spend most of my crypto in gambling, its better to wait because crypto will soon prevail and every government will have no more choice but to accept it.
^ Definitely right and additionally, it could be your BTC trap on the gambling casino wallet when they will force to close by the government.
In situations like these, it is important to stay updated on the specific regulations and laws that apply in your country. If online gambling with cryptocurrencies becomes restricted or prohibited, it may limit your options for using BTC specifically. You may need to explore alternative methods or platforms for your gambling activities. Because everything is risky when you mix the centralized and decentralized platforms, unless you are using a decentralized gambling casino.
249  Economy / Gambling discussion / Re: Bankroll management discussion on: June 07, 2023, 09:12:25 PM
What percentage of your bankroll are using as your bet size. I read an article online before that 1% to 3% is the ideal for low risk gambling while 4% to 5% for aggressive gambling. I use the aggressive type bankroll management on most of my game because I’m always bored playing with minimum bets or low percentage of my bankroll because I knew that house edge will kill me long term.

Are using a fixed percentage on your bets or you are just betting random amount? Also do you deposit your total bankroll and just withdraw if you are on target profit or stop loss or you are just depositing exact amount of money for your gambling without extra.
^ It depends on your taste, probably.
As you have said 1% to 3% is a low risk, this will probably be suitable for me since I don't like a high risk even if it has a high return.
Though these figures are not set in stone and should be considered as general guidelines each of us has a desired percentage in taking risks.
As for myself, I do not bet randomly or without any strategy. I consider various factors such as odds, game dynamics, and my own assessment of the situation before determining my bet size. I aim to make a good decisions rather than relying on chance alone.
250  Economy / Gambling discussion / Re: [Boxing] Stephen Fulton vs. Naoya Inoue | WBC & WBO 122 lbs bout | July 25 on: June 07, 2023, 09:00:48 PM
~snip~
They should understand and know that boxing industry is also a business industry which means that it is almost unavoidable that the sanctioning bodies and promoters will literally take advantage of the situation especially if they know that it will be a huge fight as that will mean a money in their pockets as well. Might be unfair to some, yes, but again, it is also a business.
^Definitely right and I agree.
People should understand and recognize that the boxing industry operates as a business. This means that sanctioning bodies and promoters often seize the opportunity to exploit situations, particularly when there is a highly anticipated fight that promises significant financial gain. While this may appear unfair to some, it is an inherent aspect of the business side of boxing. The financial success of these events translates to financial gains for those involved. Understanding this dynamic is very important to comprehending the decisions and actions taken by various stakeholders in the sport.
251  Economy / Gambling discussion / Re: Have you ever felt remorse after gambling? on: June 07, 2023, 08:55:47 PM
I saw this online and thought maybe i should bring on to bitcointalk for discussion.

If a person gamble and at the end of the game he starts to feel remorse is that a good thing or should the person be on alert?
^I think the presence of remorse can be seen as your initial step towards self-awareness and potential change.
However, it is important for us to take further action and implement strategies to prevent gambling from becoming a harmful and addictive behavior. The support and guidance were available within communities like Bitcointalk or any platform that has a discussion can be valuable resources in fostering discussions, sharing experiences, and providing assistance to those in need.
252  Economy / Gambling / Re: Introducing PokerWorld365: The Next Generation of Poker on: June 07, 2023, 08:43:15 PM
~snip~
last but not least I would never download an app on my phone that is not audited/ trusted etc etc...
^From the start of reading the OP thread, I am thinking about this, why it needs to download the app rather than use a website? The doubt was always there when downloading an app that we don't know if trusted or not.
I love to play because I was addicted to it before, if OP will come back and actively monitor and answer questions on this thread would be a good sign to make an account there, and don't hesitate to download.
253  Economy / Gambling / Re: Why do you still want to play fake web2 casinos? Why we choose web3 casinos on: June 03, 2023, 09:40:57 PM
So lets discuss here. What do you advise to improve our casino to beat unfair web2 casinos.
Read few of the responses and my guess is web2 casinos are the casinos exists right now? Deposit crypto or fiat to their platform, play and if you win then withdraw?
The problems with these type of casinos are
[1.] You need to trust the casino management/service that they are not manipulating games
[2.] You need to trust them that they are not holding your fund if you win big
[3.] You need to trust them with your information like KYC and things like that.

But almost all casinos take care of their own business first. Will we say WEB3 casinos can serve better on the above three points?
^All I know is that web2 is centralized and web3 is decentralized, which is that thought they have big differences.
By popularity and gaining the trust of the community is a way we can trust web2, plus another factor by having an active business here in our forum will bring them more trust than others. The reason could be people still love to use Web 2 casinos is the accessibility and user experience. Web2 casinos often have user-friendly interfaces and intuitive navigation, making them more accessible and convenient for casual users while Web3 casinos, on the other hand, may require additional technical knowledge or the use of specialized wallets and tools, which can be a barrier for some users, that was I see here.
254  Economy / Gambling / Re: is KYC data on Gambling sites safe? on: June 03, 2023, 09:16:57 PM
I have not seen cases of data linking through casinos' KYC databases before but even if the data that are collected are being taken by hackers or sold to identity thieves how will we know that?

Because once we provide them with those documents they have full access and control over the data supplied and can use it for whatever reason, in fact, some of those KYC data are stored on third-party data holding sites such as Google Cloud and the rest of what have you.
^I don't know if this is really happening or just a rumor, I have never seen anyone's information sold in the black market, and if there is I don't see the buyer will benefit from it which is most KYC now required face-to-face recognition.
However, just keep in mind that there is no system that is entirely immune to hacking, major technology companies like Google invest heavily in security measures to protect their infrastructure and user data. Google Cloud has numerous security measures in place to safeguard its services and databases, including encryption, access controls, monitoring systems, and regular security audits which I think is worth it to trust.
255  Bitcoin / Bitcoin Discussion / Re: Don't Force Your Children to Learn Bitcoin on: June 03, 2023, 09:06:01 PM
Childhood is for enjoyment so let your children be the children they are instead of forcing them to adopt something that is higher than their capacity for now, I don't see any advantage in teaching kids about Bitcoin, unless for those that pick natural interest in it along the line, and the education should be limited to teaching the about safety and security of Bitcoin and the internet in general.
^Definitely right and I completely agree with you.
Let them enjoy their childhood and let financial matters lesson will come when they are ready.
Play can indeed be a powerful lesson for everyone, regardless of age. While it is important to expose children to various educational opportunities, it is equally vital to respect their individual interests and passions. BTC has a wild thought and continues evolving concepts, that may not appeal to every child, and that is perfectly okay. Each person has their own unique path and destiny in life, and it is quite not good to nurture their natural curiosity and talents. By allowing children to explore their own passions, we empower them to pursue fulfilling future interests and strengths and let them enjoy themselves, and don't force to teach them any financial matters.
256  Alternate cryptocurrencies / Altcoin Discussion / Re: Should I Keep Buying Bitcoin Alone if I Have Limited Resources? on: June 03, 2023, 08:55:57 PM
If you don't have a lot of money to spare, it's probably not a good idea to only invest in Bitcoin. Buying Bitcoin can be risky, and if you put all your money into it, you could lose a lot . It's better to spread out your investments and consider other options .Remember to invest only what you can afford to lose.
^I don't see a risk at all if you have a plan for holding it in the long term, not the short term.
BTC can be highly volatile, and its value can fluctuate significantly over short periods. If you have limited resources and cannot afford to lose the money you invest, you probably want to reconsider the DCA way of buying BTC, it is a strategy where you invest a fixed amount of money at regular intervals, regardless of the asset's price. It can be a useful idea when investing in BTC or any other volatile asset, especially if you have limited resources. I will consider BTC a good investment than the altcoins.
257  Economy / Trading Discussion / Re: Advice for newbies on: June 03, 2023, 08:43:21 PM
~snip~
FIRST, do you Even know what exchangers whales use ?
I know and i watch them but off course i don't give out this info for Free.
If i tell everybody what i know then how i can be special anymore ?
If you go to School you pay for it you take course u pay for it.
I did get for free all this knowledge...so off course i cant share this knowledge for Free either.
^I smell not good in here, the weather changed when I was reading this at the end.
So tell me, what are the advantages if we know the trading exchange that is used by the whales? All I know is that an exchange that has high liquidity and is very popular will commonly use by the whale. You are giving advice but you are trying now to sell the information you had that I don't think is important in trading. Remember that whales are different from a pump and dump group which I think you need to clarify first.
258  Economy / Gambling discussion / Re: He Committed Suicide After Losing School fees, And That Of Friend To Betting.. on: June 03, 2023, 08:32:41 PM
~snip~
And yeah, I understand the point you coming from though, I've once been depressed due to relationship problems, to the extent I felt like taking my life, but God be praise I had friends around me, who kept distracting my mind with their discussions and at the end, I forgot about suicide.
^You must be careful with all your decisions and never get alone, I remember your story of one of my neighbors before.
He died when he got suicidal successfully alone and that was his 3rd attempt. At that time no one was left at home and he was depressed about his love life and his family as well, seems like his dad and mom are always busy at work. We should always put in mind that suicide is never a solution to problems and that there are always other options and sources of support available and sharing your struggles with trusted friends, family members, or professionals can help alleviate the burden.
259  Economy / Trading Discussion / Re: 7 tips to know about crypto trading on: June 02, 2023, 10:24:02 PM
~snip~
_ The more money you put into crypto trading the more money you get and also there is a high risk losses without proper risk management in place.
^Of all you have stated above was true except on this.
Trading is not all about making money or profit, sometimes you need to sacrifice your money in exchange for learning.
It should be better if you are new to trading to start with a small amount of money that you are willing to lose. This allows you to gain experience and learn from your mistakes without risking significant financial loss, and the last one is to implement stop-loss orders. This is a predetermined level at which you would sell your cryptocurrency to limit potential losses. Setting up stop-loss orders can help protect your investment by automatically selling if the price drops below a certain point.
260  Bitcoin / Bitcoin Discussion / Re: The effect of Bitcoin on children on: June 02, 2023, 10:14:41 PM
I'm gonna bet $100 that this didn't really happen.
^ I understand your doubt that you made this conclusion.
For a healthy discussion, interact only if you believe the story whether it is true or not, let us assume.
However, that is a fascinating story!
It is amazing to see how even in remote areas, the influence of technology like BTC can reach people. It Is true that children often absorb their parents' interests and knowledge, and it Is interesting to think about how this boy's exposure to BTC from a young age might shape his perspective on technology and finance. This proves that BTC has spread awareness everywhere else not only in rural areas.
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