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481  Economy / Gambling discussion / Re: Gambler avoiding friends after a big win. on: November 12, 2023, 01:39:20 PM
At one of the local gambling shop I visited during the weekend I happened to listen to a conversation between two bald looking gamblers at the shop talking about one of their gambling colleague who had won a big amount of money amounting to a million in the local currency and due to that win this colleague of theirs' has been avoiding them since e won that money. From their conversation it was obvious that they were a circle of close three friends that gamble together.

After all I finished with my bet headed home and was asking myself what could the colleague act that way avoiding his close friends they all gambling together and just because luck shines on him first he decides to create a distance and class. I couldn't actually annex a good reason why anyone should do that.

I can think of only 3 reasons why that colleague would behave in this way.

1. He wants to stay low because he doesn't want many people to know about his winning. We know that lots of money brings unwanted attention and may be that's why he is keeping distance from everyone until he figures out what to do with this money.

2. He would be thinking that his colleagues would ask him for money and he doesn't want to give them any.

3. He might be busy enjoying his reward elsewhere.
I know the same example when one of my friends got rich and stopped communicating with me, although before that everything was very good, we had fun, we often met together. But after a lot of money, he developed new interests, he began to spend time in different countries with his family, and now I hardly see him. Many tried to borrow money from him, but he did not lend money to anyone. Sometimes bad thoughts come to me that if big money hadn’t fallen from the sky on him, we would have continued to get along well, communicate, and meet. But on the other hand, I’m happy for him and I won’t wish him anything bad, let him do as he wants.
Maybe your friend want to experience new things such as traveling because he had given a chance to travel. I don't have any problem with your friend based on your description, your friend just want to enjoy his life because he has a chance to. New interest is a normal thing, even me changed my hobbies a lot because I can and I want to. About borrowing money, I think it's a right move since I'm not fan of lending money unless it's really a life or death situation. Try to cope up with your friend, try to get a long. A full day with him will be worth it after not being seen for a long time. As long as you both treat yourselves as a friend, money will not be a hindrance.

But don't you think that no matter how many new interests a person develops, I don't think he/she should stop talking to one just because of new interests.
As he said, he didn't borrow any money or anything but still his friend didn't have any contact with him.
This shows that he changed because of money and not because of new interests.
We know that human beings could really be that easily be changed up when it comes to money on which it would really be just that so easy or i can say that it would really be that instant if we do speak about instant change on which its a common thing in todays society. A certain individual wont really care on how long you've been friends or having relation with him/her as long we do talk about huge money or amount
then he/she could immediately make out decisions that he would be completely be separating or simply he/she would really be forgetting you on point as long he/she does have that feeling that he do have that kind of power and right which we know that it would really be that pretty common if you do have tons of money. It is really just that sad that there are people who do changed up directly because of money
without even trying out to cherish things.

For me if ever i do win up something big then i cant afford to exchange those relations to money because on the time that things turns out to be messy then there's no one would be able to help you out
but it would really be just your own family or loved ones. This is why you should really be that careful when making decisions because once it would be broken then theres
no way on making it back.
482  Economy / Trading Discussion / Re: Are there any companys offering insurance policys for crypto exchanges ? on: November 12, 2023, 12:57:42 PM
-snip-
according to ----> https://coinmarketcap.com/exchanges/binance/ Spot Trading Volume(24h) was 7 B USD and Total assets was 70 B USD meaning that SAFU represents about 1/7th of the daily trading volume and 1/70 of Total assets.
the chance of getting your money back seems to be one dollar in every seventy dollars at best.
So when I have $7000 in total assets and a hack happens, then I can only get $100?
That would still be a bad story, going from thousands of dollars to hundreds of dollars and not even enough to build and grow my finances back.

I am also a user of Binance and some other exchanges, but the main exchange is Binance for trading.
But if the percentage of SAFU given will be that bad, it will not give a good enough return.

Storing in Hardwallet is the best for personal management and it is also the sole responsibility of the user.
there is no insurance policy, no guarantee, and no third party.
I wasnt aware on how that SAFU funds do works but since its mentioned then seeing those numbers and probabilities do really sucks. Its been told every now and then that its never been ideal on storing up your
coins on a centralized platform or simply CEX or something that you dont possess the keys of such wallet. Once they would be experiencing some issues then it would really be definitely over for your funds.
You would really be getting it back but only on small partial on which basing up on that example above then that would really be considered to be a huge loss.

This is why i did make out such allocations or division when it comes to my funds on which that long term holds would be stored up on hardware wallet and the short term ones are really that
parked inside the exchange on which im doing trading on which it wont really be that necessary on storing those coins on HW considering about the effeciency of sudden trades
which we know that time would really be that crucial and we do know on how to take those opportunities suddenly.
Im agreeing with this!

If there would be some insurances that would exist which includes exchanges then for sure it would really be that an expensive one. Why? potential loss or hacks or whatever issues about on exchange in terms of their funds does really have that lots of problems or holes which we dont really looks good or in favor with insurances which it would really be that common sense that there would really be no one will
really be having that kind of consideration on having exchangers to be included into their services or options. Risks is high and not something that worth even if they would be askign for some
premium on year to year basis. Exchange hack is really that very common and we do know that it doesnt really only talk about a few hundred thousands of dollars but millions.
Damage would really be something that could break someones business  or blown it away in an instant.  Cheesy

This is why we cant really be able to see some insurance policys for exchange platform yet it is something a business which is really just that too risky on having one.
This is why we do really see that they would really be making their own exchange reserved funds incase problems do exist.
483  Economy / Gambling discussion / Re: What impact does the BTC price have on your gambling habits? on: November 11, 2023, 05:18:32 PM
Dear fellow gamblers, as title topic said, I have a question/survey for you!

What impact does the BTC price have on your play (gambling both in casino/sports betting/binary options etc)?

Did you play more? Did you play less? Any thought or opinion on that?
Feel free to add your answer on my survey

( I will add my answer on a second time .... Roll Eyes )

Basing up on the poll!
Nothing = the same!   - 17 (47.2%)

Majority had chosen up this one and telling that they wont really be that having that care if the price of Bitcoin is really rising because we would really be that
always be pertaining or would really be checking out about its USD value and doesnt care on how much coins or sats you would be able to use of.
Most gamblers wont really be bothered not unless to those small time ones specially making up some transfers are now pain in the ass considering
the fee involved.

On my part, i cant really deny nor really be lying that fees now are high and since im not really that a heavy gambler then it do really matter
whenever i do make out some transfer on which there's no way that you wont really be bothered on making out such transaction.
If things turns out to be normalize then it wont really be that an issue. Investment side or concern on this time is unlikely for
those people who do gamble into platforms.
484  Economy / Speculation / Re: Could Bitcoin Hit $1 Million by 2026? Arthur Hayes Makes Exciting Forecast on: November 11, 2023, 03:39:33 PM
Simple facts like this which makes you wonder what the guys like Arthur Hayes are smoking right? lol

It's not that I don't believe Bitcoin can go to 1 million dollars. It's that market cap of 20 trillion is too high when gold is 13 trillion.

I love Bitcoin but can we seriously see it as bigger cap than gold in only 3 years? Of course not. Unless gold becomes 130 trillion of course!!

Not in 3 years, but maybe a decade from now. I strongly believe Bitcoin will replace Gold in the future because of the many benefits it provides. It's decentralized, portable, has a fixed supply of 21m units, and it's deflationary by design. Gold can be confiscated, it's not portable (you can't carry a large amount of Gold bars and/or coins when traveling), and the exact supply of Gold on Earth is yet to be discovered. The subsequent block reward halvings, alongside increased demand from institutional investors, should help BTC rise to $1m sooner or later.

It's not a matter of "IF" it will happen, but rather "WHEN". I've stated this a couple of times already. Just keep buying and forget about the rest. Who knows if you'll hit the "jackpot" someday? Smiley

I'm still not sure about 10 years but yes, it's way more likely then now, because right now gold is in low supply, every year I read that banks are looking for more gold. If I'm not mistaken even in Europe some banks forced gold investors to sell to them, and here in Asia you can buy digital certs with contract expiry but hardly any permanent physical buys.

I know benefits of bitcoin vs gold but I'm talking about pure supply + scarcity. And maths. I love the idea of Bitcoin = 1 million but 20 trillion market cap, just imagine what that means first.
Another 10 years or a decade would really be that short if we do speak about $1M per coin price, imagine on how far we do only be able to reach out on decade+ as of this moment. We arent that blind on not to see this rollater coaster ride like kind of market on which there's no way that we can really be able to tell that this was predictable in the first place. All of us, whether you are known or average joe into this market would really be always ends up on being speculator. There's no way on knowing the  future and there's no way that there's someone would really be able to know on where it would be going. Every number had been given or speculated
wont really be that bad, some are really just sharing up with their honest insights and there are ones who do have that kind of manipulative intent behind of those words.

$1M or not, it would really be that not shocking that majority of people on this market space wont really be that easily be beleiving on such number. We would really be almost needing that full scale
adoption and government recognition or integration for us to see this kind of probability but we do know that not every corners of the world would really be that definitely be having that positive sentiment
towards Bitcoin on which we know that these are the factors which do really slows down but doesnt mean that it could be stopped. Adoption is on the move but dont make yourself
that in a hurry.

485  Economy / Gambling discussion / Re: Sad reality: some countries gamble more than they can afford on: November 10, 2023, 11:13:45 PM
[..snip..]

And Greece isn't a rich country by any means. Many families are facing hardship, unemployment is high, youth emigration is rising etc... Things don't look particularly good for the economy in general.

What do you think about this issue where people gamble too much in countries where the vast majority of the population isn't well off? Should governments step in and restrict casinos more perhaps?

It just shows that gambling knows no boundaries. I mean everyone can get addicted regardless of what places you live, rich or poor, individuals are going to be hook on it. I don't have the numbers but it's probably the same as those 3rd world nations in the globe.

I think government is doing everything they can to stop the proliferation of gambling, but It's going to be very hard. Unless they really see the negative consequences of it in their society. Like it's decaying everyone like drugs and everyone is turning into drug addicts.

Besides, there could be protector of gambling in those poor countries like police or even politicians as they are making a lot of money.
And  this what makes this industry becomes so big or something that do increase its overall revenue worldwide on which it doesnt really care on which country and community it would really be existing or simply it is really just that a global thing on where everyone could really be able to make that involvement. Just let those people be spending their money on gambling, doesnt matter on where they do live since they've been still
able to do gambling then its their choice. Its their right since its their money that they've been using. It is really just that there are people who do really love to play gambling despite on having that small income
or revenue  that they could get. They dont care as long they could play then this what matter the most. Just like been mentioned or said above that its none of your business if they would gamble.
Small or big spender it doesnt matter yet odds or chances on winning would really be just the same.

It would really be that just depending on how a certain individual would really be making out their gambling habit to be moderated because there would really be no exemption in speaking about addiction
and gambling financial problems on which you would really be that definitely be falling into that thing if you dont have that kind of moderation.
486  Economy / Trading Discussion / Re: What Reward for a Trading Mentor on: November 10, 2023, 09:33:15 PM
What is the best reward for mentorship? How do you think I should reward the mentor when I have one? And how often should this be?

If you guys can give me some ideas, it will help me to take charge of the conversation when I meet with the potential mentor.
Believe it or not, the reward that mentors expect is money because they don't teach you for free and usually professional mentors will provide classes at different rates. If you study with a mentor who doesn't expect money, I think his trading ability needs to be doubted and maybe he doesn't have good trading skills. Even if there is a mentor like the one you described, it is likely that he will only teach ordinary trading and will not be much better in terms of the technical side of what they teach. So far I have not found a single mentor who is willing to teach trading for free, except when discussing on this forum with several people who have good knowledge about trading.

You have to know beforehand, is the mentor teaching you voluntarily or is there something else he wants to get from you as a token of service? Of course, in this case you understand the mentor's side much better because usually people will be seen when we start to go deeper into their lives.
Aside from paying all his efforts through money, I think the best reward you can give to your mentor is by seeing yourself creating improvement in your trading career. Remember that a part of you is credited from him, and your success is also his success. So whatever that made you who you are after his mentoring, it will be an honor for him seeing you have learned a lot and is now applying all your knowledge into trading.

Money is actually the main reason why mentors accept newbies for mentoring. But we should also know that if we are grateful for what they have done to us, we can always chose to give them more as long as its given through goodwill.
Majority of mentors are really that requiring some payment for the effort of teaching into those people whom do really want to learn up trading but we know that there might be someone who are really just that basically
be happy on the time that they are seeing that their students is really that making some progress.They wont really be caring about having those fees specially to those who are offering some free mentorship on which we could really be able to see that they are really that having that passion on teaching up someone but it is really that not common or something rare which we know that mentorship would always come at a price.
Why? they cant really just waste up their time on telling you everything or guide you without getting or gaining something. Every effort and time or things you do share will really be having a corresponding value.

As an individual who are really just that recently trying to learn trading then it isnt bad to have a mentor but for me it isnt really worth if you are paying up something for you to learn.
Just like on what most people been saying on here is that you could really be able to learn on your own without needing to pay something because every information that you would gonna need
is already here online or its a matter of effort on making up some searches and the rest of learning would really be obtained through real experience.
487  Economy / Gambling discussion / Re: Sad reality: some countries gamble more than they can afford on: November 10, 2023, 08:26:00 PM
Why does it have to be about poor countries? If a country is rich its ok for its citizens to lose a bunch of money?

You as a person decide whether to gamble or not to gamble. The country IMO has nothing to do with it. Even if the country restricted or limited gambling, there are still ways people would gamble so you really cannot blame it all on the government.

At some point people have to be responsible for their own actions man. Can't just always think someone else is at fault.
We do know that people would normally be thinking that rich countries and its citizens does have the capacity on doing such gambling on which whether they do lost up money then they would be just basically be able to
afford on what they had lost on which means that it would be normal that we would really be having that kind of approach because if a poor place and having that poor citizens would be still involved in gambling
then they are really just basically wasting their money. Somewhat i do agree on what you have said  that it all still boils down into someones decision because whether you do living in a country neither rich or poor,
it would be still always depending or about with your finances. If you are really that trying out to make yourself or having that mindset on doing gambling just to make
yourself rich then thats where things turns out to be shit later on.
488  Economy / Economics / Re: Is academic pursues enough to get incomes? on: November 09, 2023, 09:28:25 PM
Getting a degree helps to broaden someone's thinking mentality socializing while trying to get a degree is very vital to ones success partially, getting a degree can help and also expose the person to more presentable opportunity in life unlike the ones without a degree if there is no work in that region the person should improvise learn some digital skill and create a niche for him or her self
Nothing will be wasted if something is really needed for ourselves, for example a degree that can indicate a person's expertise in what field. Because an educational degree can reflect that a person has basic knowledge in a particular field when he wants to apply for a job in his own area, so there is nothing wrong with any degree. Because there are also many successful people who rely on degrees even though they are also accompanied by the experience they have had themselves through their life environment.

No harm done if you happen to acquire a degree and further studies.
If you have the chance and funds, it won't hurt achieving such milestone in your life.
Later on, you will thank yourself for having one. It will also give you edge among your competitors.
Even if you set-up your own business, still, having a degree is an advantage in my opinion.
It will give you sufficient knowledge not to be screwed by others or at least embark those challenging roles that you will encounter of.
Might not really be hurting which is true but there are ones who would really be minding that on the time that they are spending with education is something which they could use into some other things on which they could really be able to utilize on making themselves to be successful and this is why they would really be deciding into going into other career on which they would really be focusing on things  that they do see that there's a chance on getting rich without putting that much focus on educational attainment or lets just say that it would really be just that good on having one and the rest they would really be deciding on changing up career
on which they do seem that they do have the chance for themselves to have that kind advantage or they do really see that they do have the chance on having progress.

Well, it doesnt matter on what would be your target as long it would be for the better good then go with it. Its impossible that you wont really be able to make up some comparison
or not be able to think about the risks just because it isnt worth it or not really that good.
489  Economy / Gambling discussion / Re: [Boxing] Inoue vs Tapales for Unified Super Bantamweight Title - December 26 on: November 09, 2023, 08:28:53 PM
Just today, Tapales together with his promoter and their entourage are flying back to the Philippines. They are expected to have their final camp in the high-altitude mountains of Baguio. Tapales is indeed overtraining. Hopefully, he only had limited hard work when he was in LA because he also had a lot of sparring sessions there against Ancajas, Magsayo, Moton, etc. There are still around 2 months before the fight, Inoue is also expected to have started his light training. It's really interesting to see if Tapales' sacrificing a long preparation is enough to hurdle the Japanese superstar.


We are just only 1 month and 2 weeks away for this upcoming or anticipated fight. Wondering on why they did really travel back into their country for some training. Arent they able to do such training on LA?
Well, its their choice and in speaking about over training then just let them be on which they are fully aware no what are the things that needs to be avoided considering that the fight is going near.
It is really that good that they do make out some good preparations for the upcoming fight yet Tapales team is really that fully aware on whats stake on here and whats the big achievement and result
on the time that he would be able to beat up Inoue.

The fight is near and preparations should be made.Both sides are really that preparing specially on Inoue's side too. Im already excited for this upcoming fight.
Neither we would be seeing some upset or something that would really be still that normal considering that Inoue might be still ended up on being unbeatable.

They're already in the US since August which was already over 2 months. They trained and sparred with former world champions and some prospects. Maybe they're doing it for a change of environment. Japan is a little similar in terms of landscapes although it's colder. In Baguiao, Tapales will have fewer distractions, especially from useless vloggers. Tapales will have lesser-quality sparring partners though, but it'll be fine as no one from his sparring partners in the US is like Inoue's style as well.

As for the long training time of Tapales which runs for more than 4 months and sparring high-level fighters in the very first month are very unusual. Normal fighters train between 2 to 3 months. They start light, go hardcore, and sparring is part of the final stages when the body is nearing its peak. Most fighters who overtrained in the past lost their fights which is why it is uncommon nowadays to have very long camps. But we'll see how this goes. I am somehow hoping for Tapales to show something big in this fight.
Well, the thing you have stated about his training regime then it is really that having a point that trying out to changed up the environment on which if the country he resides in would be having the same
climate on where the fight would be held then it would really be that significant in speaking about having a training there. Humidity might really be looking not a serious thing but it does really count
on a boxers situation in speaking about conditioning of their body on which it do really need to adapt immediately so that it wont really be a huge effect once they would really be fighting into a certain
place which these things are totally noticeable. It might not be that big issue but it do really affect out a certain boxer.

Overtained or fatique is something that should really be that avoided specially the fight is really that coming near. Each camp do really knows about such thing yet this one
is really that been anticipated for long on which it would really be that right that they would be making out those hard training for this
upcoming fight.
490  Economy / Speculation / Re: Has anybody expected this? on: November 09, 2023, 07:25:52 PM
As the market is currently at a good level hovering around $35k. We have seen the price of Bitcoin rise sharply towards the end of October, although we know that a rapid rise is not a good sign and it could fall again. But I think as the market is currently pumping and fluctuating in a steady state, the market may not be dumping too much. Currently the market is in a good position and may go higher towards the end of the year and most likely to touch $40k. This could be because the price of Bitcoin is increasing rapidly as we have years ahead of us for the Bitcoin halving. We can certainly hope that since the halving, the price of Bitcoin will continue to rise and become a bull market.
You'd agree with me that the movement of Bitcoin price is very tricky, it may look like the price isn't going up but with what we're seeing, I believe you have to change the thought you had that the price will go down soon, $36k is the current price and this was how it started last month before getting to $34k.
So from all indications I can see the price of Bitcoin not going down anytime soon but getting to $40k and above this month. November movement on Bitcoin price will be growing faster than that of October from the looks of things and by December it would even get to $50-$60k.
I'm not him but I can agree with you with that, because I'm not a new member here anymore and it's been a long time that I realized it. Apart from it, there are also times that BTC movements are highly predictable but I wouldn't be totally confident with it. It's better to be prepared for the unexpected so that things are still going to be manageable.

Lately, people already expects that the price will rise, because we already broke the strongest support/barrier which is $32k, and then there are also other positive factors that are available. But no bro, there is no $36k last month if I'm not mistaken but we only experienced it lately. For me, I think I'm seeing a quick correction again before we continue and hitting those numbers you call there.
If you've been here on this market for a while then it would really be just that impossible that you wont really be able to find for yourself to be able to be wary on how this market behaves and how it works
and what are the things that it could give out that kind of effect on which we know that its never been something that so easy to guess on where it would be going but there are indeed moments on which you
could really be able to predict out basing up on the sentiments that it do shows specially if there is much news in the market then you do already anticipate on where it would be going.
Somewhat it does really give out that kind of idea but doesnt mean that it would really be precisely be able to give you out that kind of finalization about of your positioning.

This is why it would really be still mattering on how well you would really be considering out on making decisions as this one would really be most crucial part
as a trader or investor on which making out decisions basing up on what you have learned or do able to make yourself that based up on experience.
491  Economy / Gambling discussion / Re: [Boxing] Inoue vs Tapales for Unified Super Bantamweight Title - December 26 on: November 08, 2023, 09:31:16 PM
Just today, Tapales together with his promoter and their entourage are flying back to the Philippines. They are expected to have their final camp in the high-altitude mountains of Baguio. Tapales is indeed overtraining. Hopefully, he only had limited hard work when he was in LA because he also had a lot of sparring sessions there against Ancajas, Magsayo, Moton, etc. There are still around 2 months before the fight, Inoue is also expected to have started his light training. It's really interesting to see if Tapales' sacrificing a long preparation is enough to hurdle the Japanese superstar.


We are just only 1 month and 2 weeks away for this upcoming or anticipated fight. Wondering on why they did really travel back into their country for some training. Arent they able to do such training on LA?
Well, its their choice and in speaking about over training then just let them be on which they are fully aware no what are the things that needs to be avoided considering that the fight is going near.
It is really that good that they do make out some good preparations for the upcoming fight yet Tapales team is really that fully aware on whats stake on here and whats the big achievement and result
on the time that he would be able to beat up Inoue.

The fight is near and preparations should be made.Both sides are really that preparing specially on Inoue's side too. Im already excited for this upcoming fight.
Neither we would be seeing some upset or something that would really be still that normal considering that Inoue might be still ended up on being unbeatable.
492  Bitcoin / Bitcoin Discussion / Re: Is the irreversibility of Bitcoin transactions a downside for an average person? on: November 08, 2023, 08:31:51 PM
for centuries people used cash/coins. where it got physically handed over to a recipient and if you wanted it back you had to plead to the receiver with good reason

with digital bank accounts you still need to ask a bank.. *

no money has ever been independently retrievable without requesting a drawback/chargeback/clawback/refund from someone

*yes banks have got lazy and just accept any reason to clawback funds.. but thats banks problem
Totally agree with this point on which it is really that true that making some cashbacks or retrieval couldnt really be done be someone personally not unless they would really be making out such request or something
do talks to that receiver on giving those funds back but if you dont do such thing then there's no way that you could really be able to get it back. Irreversibility on what makes Bitcoin do really get that popular in the sense that once those funds being sent out then there's no way that it could really be able to retrieve or modify it out. We've seen into those banking sectors or centralized coins which
transactions could be locked up and those funds could really be that controlled on which it do really shows about centralization stuffs on which possibility of reverse transactions or
holding up a certain account would really be that possible.
493  Economy / Gambling discussion / Re: Cash out or keep playing? on: November 08, 2023, 07:45:42 PM
If those who have won, especially those who have won a lot, still want to win more, they have to be prepared for loss, which can come at any time because if they decide to continue playing even though they have already won, they could experience loss. This has been experienced by many gamblers who are getting greedy with previous winnings and think that while they are still winning and getting more money, they can gamble longer than usual, which means they have a chance to win again. But that's not what happens because most gamblers who have won have to endure losses little by little until, finally, they lose all their winnings. And if that's the case, they can only regret it, but unfortunately, it's too late because they don't have any more money.
This is actually very difficult to do, because no one knows where the moment is when you can walk away with winnings at your peak. You could even call it a mind trap. If after this the loss begins, then it is like a spiral that accelerates more and more each time, dragging us in. In practice, a player usually ends up betting forever or for a long time when he has lost quite a lot. I have almost never heard of those who won a lot and left. Those who are between these two categories also continue to play until they reach one of these states. Most of it is due to greed and regret. When I bet, I always remember this.
That's the catch about it, without proper planning you won't be able to determine when to stop that's also the reason why some people set an amount of winnings where they can just stop anytime, they hit it, the same goes when you're trading. It's easier said than done though, as we can't really know when our feelings and excitement catch on with the winnings as you'll feel extremely lucky during these situations. For me, the best option to avoid or minimize losses is that when you've won a significant amount of money and want to continue gambling is that you risk some of your winnings and keep some of it along with your bankroll so that if you've encountered a lose streak, which is likely to happen, then you'll still be on the positive as you did not lost your bankroll and some of your winnings.

How exactly do you guys even come to this conclusion that one or a gambler can set a winning limit and stick to it?, we all know that when a gambler in winning, that is when he or she is much more motivated to keep paying more and more, so as to keep increasing the profit, and we never can tell what may happen, the gambler might end up hitting the jackpot if he or she keep going.

To this or the above, i personally believe that setting a winning limit is not efficient and so unreliable when it comes to responsible gambling. Instead of setting a winning limit, set a loss limit instead, with a loss limit, you know that once you as a gambler have lost a set amount of money in gambling in a day, you give up gambling the whole of that day and possibly try again the next day. A loss limit i believe will be more effective and more reliable in helping a gambler maintain a responsible gambling attitude.

Then it would be fair to set the limit not in absolute numbers but in percentages. Then, with an increase in the deposit, it will be possible to place more bets, and with an unsuccessful game, the bet size will decrease.

Answering the main question of the topic: you should always know what you want to earn money for. Based on this, a decision will be made about how much money to withdraw in order to make a purchase of what you want. In general, you need to know your goals in advance.
Goals are really that bound to change laterwards on which it would really be just that a very common that gamblers would really be having those kind of change of decisions on the time that they would really be encountering such condition or situation on which it would really be causing for them to have that kind of adjustment. If they do saw that there's a chance for it to be a complete win then pretty sure that they would really be that continuing the game until it do finish but if he has some doubts whether it is really just that a lucky short or chance but doesnt really have that capability on fighting head on then it would be wise that you should really be that cashing out early and this is something that matters with someones assessment  towards their bets because each of us does have that own views in regarding our bets.

If you do see that you are already get contented on what you are gaining then it would really be just that so fine that you should cash out early but if you could
really be able to take up some more risks then it would really be just your call whether you do proceed or not.
494  Economy / Economics / Re: How Much Does Food Cost in Your Country? on: November 08, 2023, 06:37:28 PM
I want to know about the cost of living and average income in each country. Can I ask that here?

For comparison, may I ask how much a standard meal in your country costs for one meal? what is the standard food menu? What is the average monthly and annual income in your country? Please those who answer can use calculations in USD

Note: I don't need the tables issued by the government because they are usually different from the reality on the ground

Average Income: 200-400 USD per month

Rent: 60-100 USD per month
Food: $8-10/day (Single person) / 12-15(married)
 Breakdown (Have family)
   1. Rice - 1kl - $1
   2. Beef - 1kl- $6
   3. Others - $2

Fare: $2

Total overall expense: $20 per day i should say (married person)

This is why if you dont really have that extra income source and getting that low amount of salary
then you would really be struggling on making a living. This is why it would be ideal that you
should really be finding another income source or having some business. So it does vary on how someone
would really be handling himself into this hard life. Smiley
495  Economy / Gambling discussion / Re: What conditions might cause you to stop gambling? on: November 08, 2023, 11:14:04 AM
I can see few replies saying if they keep losing for a long period of time they will stop gambling, but there are other thing that's most important to me and should be very important to people too.

The reason why I keep gambling is not because I only want to make money, it's because I can afford to lose money for few gains if they ever come, so assuming I lost my job today, you think I will go gambling the next day? Never, it can never happen, because it's my job that's bringing in good amount of money monthly.

For me to take risks with gambling, trading and investment, my life must be in shape first, get a job and start making money, then I will be able to afford taking some risks, if no way to make money right now gambling is not the solution, remember that gambling is good at taking money away from you, now imagine that all you have as a solution when no new money is coming in is gambling, you will regret your decision.

There you have it, it makes no sense to take risks when there is no income coming from somewhere else for you, how are you going to feel when you lose money? Those who have no jobs are not fit to take any risk in investment and in gambling.


Each person would really be that different when it comes to their perception and impression towards gambling on which there are ones who could really be able to control themselves on what are the things that they should really gonna do with gambling and there are ones who do really fail on doing so. It is really just that a matter of perception on things because if you do find yourself not to be able to control when it comes to your gambling approach then most likely you would really be messing up with this. Conditions? Why would be needing some conditions if you do able to stop completely if you wanted to?
If you could be able to stop gambling immediate without any conditions then this do really shows or mean that gambling cant be able to control you.

Gambling is never been bad as long you do make yourself that responsible towards your actions on which you wont really be making yourself putting in harm just because of the wrong decisions that you have done.
Most of the time on which people do really get fall into the pit of addiction just because they cant really be able to control themselves.Each person does have that kind of different level of
tolerance when it comes to gambling. If you do really meant on trying out to play gambling for the sake of entertainment then it would be your choice.
496  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST➡🔺🎲🎰🔲 | BET CONTEST ▄■▀■▄ on: November 06, 2023, 03:11:57 AM
26M tokens added to rainbot on bitvest, chat and win!

tokens convert to crypto coins, 1M = 0.001 BTC
Oh nice to see such an offer, from you @lightlord and good to see that you running some promotions that will help place your project in the limelight again, and also good to know that you offering a mount watering 26 million in token as ra eward for active participation in the chatroom.


This will i deed help attract new players to the casino but just a quick one, is the chat room open to every player on your platform,  or for gamblers to qualify they need to wager a specific amount before being able to join the chat room?
Not really that mouth watering but still a considerable amount yet it is almost $1000. As for qualifications then there would really be specific rules for that.
I havent checked it out but you could really be able to check for yourself. expect that most new users wont really be able to get considering that it could be possibly
be abused. Just like on typical sites which chat rains is really that interesting.  Wink
497  Economy / Trading Discussion / Re: Must Read: Scams disguised as premium signal groups/channel on: November 06, 2023, 02:07:51 AM
Before I go any further I would like to clarify that no one can predict the market and I am going to shed some light to the modus operandi of those signal mafia as they add you to their group which is created to attract customers where you will find screenshots about how their signals has helped members to earn a lot of profit and even you can earn huge amount provided you join their premium channel:
There are several differences when joining a free signal group and also a paid signal group. If it's a free signal, most of them provide screenshots of their trading results, including ins, outs and other information, which aims to attract them to join their VIP group which of course is paid. This is not a small amount, because usually there is a fairly expensive fee to join the VIP group. The more people who join, the more profit they will make.
Usually they give several signals a day. And of course, nothing is 100% accurate.

I've joined both free and paid signal groups, there are some differences, maybe one group won't care about their memes. However, there are also other groups that really care about their memes. And in this case, they also said this, that there are no predictions and analyzes that are 100% accurate. So, you have to keep learning and making strategies to be ready for whatever market conditions. And usually, they will share various possibilities that might happen. So they also provide tactics when the market changes direction, when to use SL/CL, when to set hedging, and so on. And they also opened a consultation to learn several things. but of course, maybe one group will be different from another.

But what is certain is that it is true that we should not just focus on signals from the group for trading. because, no matter how good the signal is, if we ourselves don't understand and don't want to learn how to analyze the market ourselves and also evaluate some of the trading things that we have experienced so far, then it's useless. Because we cannot optimally use this signal. In fact, we will actually make the wrong move because we might be late in entering or just relying on the trading signal. So, indeed our insight and knowledge about trading, methods of analysis and evaluation, as well as the various strategies that we must have are very important.
I have some experience in between two when it comes on how analysis is been represent on which you do have some points about showing neither in detail or just simply putting up screenshots.
I could say that if you do join up some groups with having those kind of back up reasons or explanations on why they have done such position then it is really that good for you to learn up
but you could actually be able to make yourself get those kind of information or learning even with those free ones. I have been able to join a group which have that kind of detailed analysis
whenever they do post up their own takes and opinions towards the market on which you could really say that it is really that something worth to be followed.
You are the ones who would really be making such comment whether its really that something good or not.

Just like on what others been saying that it isnt really that necessary for you to pay up for something just for you to learn. There are currently free groups on which you could really be able to
join if you wanted to. Its not really that something risky as long you arent that getting involved with some pumps and dumps. You would directly be able to notice
it out once you do have that sufficient experience with it. For newbies then most likely you would really be that easily get hooked into this but once you do have that experience
then you could spot out it and make out decisions which you do seem that it would really be that something good for you.
498  Economy / Gambling discussion / Re: Should Casinos Sponsor Sites That Deals With Gambling Addiction on: November 05, 2023, 09:49:20 PM
In my country (Italy) this is a sort of obligation of gambling operators that must always provide tools to fight gambling addiction.
They don't do it because they are "good people" but simply because it is a legal obligation no less, no more.

Years ago I had "an issue" with one of these legal sites in my country, and even though they clearly did not respect some limits, they simply ignored my request and never replied.
I didn't get an economic loss and decide to not waste time with judge/consumer association.....
 
Well, for what I have seen up to know, at least here on my country all these tools are only useful for law compliance and have only limited effectiveness on gambling addiction Sad
If there would really be some sort of regulation then these business or platforms would really be creating one but its true they wont really be doing this naturally or with their own decisions just because they do care into those gamblers on becoming that addicted. Who the hell they care? As much as possible they would really be that taking advantage into those situations that people do become addicted and this is where they do much prefer that if possible people will really be that addicted on which means that they would really be spending up more and  this is really that a normal approach and target that they do really have in mind.
If thats the case in Italy on which theres some sort of imposing strict obligation then its good but only a few place would be having this kind of actions and the rest are just simply doing having no care.

If it isnt really that required or compulsory then pretty sure that they wont really be caring at all because its business and business do matters. Getting or having some concern into their gamblers
would really be not their priority. They are here for the sake of income and they dont care others situation if they get addicted, you are really that free on doing gambling
and you arent that forced on doing so.
499  Economy / Speculation / Re: Is the selling pressure in the ATH level can be a problem to reach $100k? on: November 05, 2023, 08:46:54 PM
Do you think it is possible that the price of Bitcoin will reach $100k immediately after the halving?

Yes, very possible. Many of the old investors are still willing to invest more, and more investors to come which will result in a strong demand to overcome the selling pressure at the ATH level.
Based on my speculation, I doubt that Bitcoin will be able to get to $100k after the halving. Since Bitcoin might not get to $50k this year, it is possible that will happen by next year, and we can see Bitcoin maybe around $68k next year or not, but 2025 would really be when I think that the bull market will be more serious and the price of Bitcoin will surge through $100k. Normally, some people are going to sell off their coins if the price gets to $50k or $60k, except those who bought them when the price was $68k, and if many people sell by next year because of the price surge, then there might not be so much of a sell presure.
Well you do got a point which considering that there's no assurance on what the market would look like in this upcoming bull run cycle on which it would neither be for Bitcoin to successfully break out its ATH or would really be that just going low. There's no assurance on how it would look like but pretty much sure that there are tons who are really that placing their sell orders on that ATH level on which there's no doubt that
it would really be able to experience several rejections on breaking that point which it might take a while but we know that if there would be some sort of positive thing or news do happen, then it would really be acting
as a catalyst on breaking out that point or resistance on which basing up on previous bull runs then it did really happen or something that the market is really that witness.

This is why you cant really blame out people on not to think on the same scenario just like into those previous cycles and this is why some are really that too optimistic towards the price.
Some are really making out those realistic approach towards prices and some do really go into those non realistic ones. You could really see that prices is really that floating around
in terms of those speculative approach on which it is really just that too common on this thing. Pressure or struggle on breaking that previous ATH? It would be normal
but that doesnt mean that its unbreakable. We do know the community demand which is something that cant be stopped when you are there.
500  Economy / Gambling discussion / Re: Reckless gambling starts after a win round. on: November 05, 2023, 08:12:43 PM
Do you think its possible to become addicted to gambling when you haven't win a dime or after you win?

It’s very to become addicted to gambling or in almost everything if you don’t feel good out of it most importantly if you are still new on using it.

I think you meant to say "It’s very *hard to become addicted", and that is certainly true. If you feel no joy out of doing something, no joy ever, you just stop doing it (unless you are payed for that, of course).
But all people who start gambling are based on sense of excitement because it is impossible for them to come and bet in a casino if they don't like it, plus gambling is an activity that can waste money in an instant, so without the feeling pleasure it will never be able to make them survive until they become gambling addict.

I think addiction starts after you win, even if it's just once, that's when you start gambling recklessly and you also start betting higher.

Exactly, the taste of victory is what makes people hook on gambling because they can earn profit quickly while there’s a chance for them earn even more when they hit a lucky bet like on slot jackpot. Having an experience of small win while there’s a promising chance of higher profit makes gambling very addictive.

Well, it's addictive, but not very addictive, I would say. I mean, statistically most gamblers are not addicted, they are just doing it from time to time for their pleasure, not trying to chase even bigger wins after winning something.
Even though it just for their own enjoyment, they come to the casino more often actively and gambling addiction is term for anyone who always gambles and can't get away from gambling, whether it for entertainment reasons or for the purpose of making money if they have consistent activities all the time then that it can be called gambling addict.
You would slowly turning up yourself to become an addicted person on which you would really be having that kind of behavior or shall we say the moment that you are really that engaging into gambling activity.
Yes, you could really be having that kind of control on the time that you would really be that playing but if you are really that doing this on daily basis then it is really that an another story.
We do know that there are really time that comes that those views and perceptions to it would really be changing on which even if you do say that you are really just that playing for fun but do really ending up
on becoming that impulsive and those impressions and thoughts would completely change overtime.This is why it would really be that always better that you should really be knowing on
when to quit and having that kind of break if you do notice that you are gradually that becoming addicted into it.

It would really be that completely be depending on someones control because there are really people who are really that good when it comes to control and discipline towards themselves on which despite of the situation that they are in, they could really be able to have  that kind of control towards their gambling activity on which i could say that its a must thing to have for a certain person. Once you do mold up
that kind of approach in speaking about gambling then it is really that messing up your financial and its just right that you do need to have that kind of moderation.



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