That's the first time I am hearing about this. How can there be 80 different local currencies? Aren't people using the Euro anymore? It sounds a bit crazy for a country to have so many different type of currencies. In case there are fixed exchange rates between the Euro and the local currencies I wouldn't give too much weight for them, but if they are all trading freely and are being used in large scales it's an interesting phenomen. For small local communities it might work out to use their own currencies, however if you are traveling to the other side of France you will likely struggle to use your money. Bitcoin could be a great alternative for these communities that want to be independent from the Euro and have control over their own money. As long as France is not baning the use of crypto currencies there shouldn't be any problem for people to switch. The only problem could be if a large fraction of elderly people are using these local currencies, it might be hard for them to get used to bitcoins.

Shrinking populations in developed nations is the main argument for open door immigration policies. Many politicians argue that we need to take in people from all around the world to keep our population constant. Maybe that sounds like a convincing argument for some people, but I don't think it's true. Technological advances, production efficency growth and the development of AI is going to transform the work landscape in the near future and less people will be required. The problem I see is that in developed nations everybody is going to university. A university diploma today is what the high-school diploma was 20 years ago. But there aren't enough jobs for all these highly educated people, which then take on jobs in the service industry. Instead of trying to find the workforce abroad for less skilled jobs, the government could try promote these sectors and offer benefits. There isn't much planning being done on what kind of qualifications people should have for the future. Spending 3-5 years studying in a university only to work in a Callcenter or restaurant seems like a bad investment for the individual and the state that pays the education.

Taking profits in the Alt coin market is not a bad idea and like you I also like to add any profits to my bitcoin holding. For me the main investment is still bitcoin and I evaluate any other crypto currencies in relation to the change of the bitcoin price. In my opinion alt coins are more risky than bitcoins and should therefore offer us a higher return. To avoid bigger losses it's good to take profits and grow our bitcoin investment. Why not use any new money that you want to invest in cryptos to buy new altcoins? Like that you can rebuild a diversified portfolio while having the majority of your money in bitcoins. The halving next year in bitcoins is going to bring new positive incentives and should push the price higher. As long as you are not switching back to fiat money you are doing nothing wrong.

Sorry to break it you like that, but the consumer protection laws were never in place to protect the consumers. Politicians don't care about the average citizens that are losing all their savings in the high inflation times. The whole mess we are in is done by the politicians and was only matter of time to crush us. Since  the financial crisis in 2007/8 we were living in low interest rate environment. All the big countries took advantage of the low rates and added a lot of debt in the meantime. It's so much easier to make promises to the voters with money that you don't own. Companies were doing the same, adding a lot of debt to pay higher bonuses. It was only question of time for inflation to pick up with all that additional money in the economy. All the covid relief programs giving billions to companies didn't help either. Inflation is the perfect solution for the government to get out of the debt problems. Every year the debt burden will become smaller as the value of money drops. The only solution we have now is to invest our money and try to make higher returns than the inflation rates.

My first question in such a scenario would be what is my father going to do with his money if he isn't giving to me? In case he would give everything to my siblings and nothing to me it would be unfair, what if my brother and sister are gambling as well? Anyways if I had the chance to get millions to stop gambling I would obviously do so, I could always start again after my father passed. Become a millionaire is something I would never achieve in gambling, so it's definitely more important. But why not speak to my father and show him how well I am doing in gambling. There is no real risk of me gambling away his inheritance as I would keep it separate from my gambling bankroll.

This weekend the single elimination brackets are happening in the Blast PRemier Fall tournament. A big surprise this season was BIG beating Astralis 2-1 and OG 2-1, as one of my favourite teams I am glad to see them suceed and go far. The first match today is going to be Evil Geniuses against G2, which should be an easy win for G2. They are a much stronger team and in a best of 3 match there shouldn't be any suprises. After beating EG today they are going to face NaVi tomorrow and need to win to not go to the showdown matches. NaVi has been struggling a bit lately and I would expect to G2 to win that match aswell. The second match will be Team Liquid vs Astralis, which is going to be a close match. Team Liquid is a bit stronger and should win here, but the two teams are also facing each other in the IEM Cologne 2023 Play-Ins, so there is going to be a lot of competition. Tomorrow BIG is going to face Vitality which is probably going to end the run of BIG. Vitality is still ranked #2 in the world and should have no problem beating BIG, the two teams played each other in Rio and Vitality won 2-0 without trouble. I am going to place a small bet on BIG just in case they can make their run continue, it would definitely be a nice payout for such a huge surprise.

I don't think this statement is really correct. The rationale behind it I can understand and it makes sense to a certain extent, but I don't think it's a good advice to follow. It's true that once you stop gambling that you lose all your chances of recovering your previous losses, it also means that we can't lose more money. The question is also does it mean quitting gambling forever, or only to stop gambling for some time. Because when we are having a bad day and are only losing at the casino, I think it's better to take a break instead of chasing our losses. We can only lose our money once and it's better to spread it out to try again on another day than going Allin. The most common saying when it comes to gambling in my country is "don't gamble with money that you can't afford to lose". My father who never visited a casino likes to tell me another saying when I tell him about my gambling adventures: "sometimes you lose and sometimes the casino wins".

It's true, having a job with a regular monthly income is much more important that buying a few hundred USD worth of bitcoin. Having a small crypto portfolio is not going to much us rich, even if we trade well and make 50-100% return in a year is not going to let us live independently. The first step should always be finding a job that pays us decently and let's us save money every month. Once we have free disposable income that is not borrowed or needed for medium term purchases, we can start buy crypto currencies regularly. Like that we will be able to build a crypto portfolio much faster. To live off a investment portfolio alone we first need the foundation to start investing. Without any savings it's hard to make large returns.

I feel differently about this topic, as I have been unemployed in the past and didn't really think about day trading then. After unexpectedly losing my job, my main concern was paying bills and not getting kicked out of the apartment. Day trading might seem as a solution, but it doesn't given us reliable returns and could even make things worse if we lose money. In my situation I didn't have any large savings and it would have been difficult to start day trading without some initial bankroll. There are definitely successful day traders out there that made a lot of money from it, but they worked towards that goal and have experience. Without any previous experience or knowledge I would advice against using your last money during times of crisis. If we really want to become day traders then I would first start out part time, while we still have the security of a regular income that can cover potential losses.

That is a pretty good advise and I would recommend anybody to follow it that wants to save longterm. If we treat saving as a fixed expenditure like rent, food costs and other expenses, it becomes much easier to take the money away at the start of the month. In case we want to invest our savings in stocks or cryoto currencies it would make sense to automate the process, so that we have less work and don't need to think about. Depending on the country you live in there can be tax advantages for saving also. For example, in my country we can have private retirement funds that are subsidesed by the government and the employers. The money is taken directly from the monthly salary and we don't have to pay taxes on it, it also lowers my overall income and taxes. Additional I get benefits from my company that matches my contribution. The only problem is that I don't have any access to that money until I retire.

There are a few factors that are important when it comes to quit our gambling career. First of all, how long have we been gambling? For people like me who are used to gambling for several years it's going to be much harder, than for someone who only gambled for a few months. Once gambling becomes part of your weeky habits it will be hard to change it again. Another factor is going to be how much spare time do we have. Let's say we become a millionaire and stop working completely, then we have so much free time every day and don't know what to do with it. It's going to be much hard to stay away from the casinos then. A good thing about life changing wealth coming from gambling is that we don't have any pressure anymore to win big in gambling. Once we are rich there is no need to bet big anymore. I think that my approach would be to still keep gambling and only bet very small amounts. Like that the risk of losing all my winnings again is fairly small and I still can enjoy the excitment of gambling.

That is not true, if nobody had money to lose, why are then there places like cinemas, bars and other activities like indoor sports? They all cost a lot of money and only give you joy for a few hours. Clearly people are having enough cash to spend it on leisure and consumption of unnecessary items. When it comes to the advice to not use money that you can't afford to lose it is meant to be for money that you need for important things. For example, you shouldn't gamble with your rent money or money that you need to feed your family at the end of the month. I would say that the majority of people have a budget from their monthly salary that include unnecessary items that could easily be cut off if they needed the money. For me gambling is something I do every month and I allocate some of my monthly income for it, like buying magazines or sweats, new clothes or going out with friends. These are all things that are not important to survive, but they bring me joy and let me relax after work. There is a difference between money that "I can afford to lose" and money that "I don't want to lose". In case you are saving for something big, like a new car or a new TV then you also shouldn't be using that money for gambling.

Vielen Dank @Turbartuluk, schon wieder ein Gewinnspiel von dir. Klasse! Ist schon eine Weile her dass hier so viel los war im deutschen Forum mit Gewinnspielen, du schlägst ja richtig zu  .


Viel Glück an Alle

It's not only about crypto currencies, when it comes to financial assets in general I find that many people have very little understanding of them. Even when they have large sums of money invested in assets, they don't know much about them and don't care to learn more about it. Stocks are a great example among my friends where they are clueless about the companies they are buying. A good friend of mine actively buys stocks for a few years only on recommendations he reads online. He is not doing any research for himself, as long as someone recommends it too him, he is willing to invest. It's definitely a lack of understand economics & finance, but he isn't even motivated to learn about. If people work in jobs that have nothing to do with money, like doctors, it's hard to make them interested in new topics. Only a small fraction of people are economist or interest in the topics.

In case it was a real maintenance than the company would make regular updates about the process and when the site will be back up. Which they didn't do, no company that wants to keep running a successful business would do such a thing. Customers are angry and even if they come back now to try and go back to normal business will never happen again. As an online casino you only have one good reputation, once you lose it it's gone and it won't come back. It's one thing to give people their money back, it's something completely different to try and get new customers or get their existing customers to gamble. Any private company is allowed to close down their operation if they don't want it anymore. But in the way betnomi operates it exit it's not a fair and honest way. I hope the whole issue of the remaining balances and stored user information can be sorted out, I wouldn't bet on it though. All we can do is learn from this experience and move on.

While it's true that there is uncertainty in both gambling and futures trading, the two things are very different from each other. Gambling is artificially created games in their own system setup by the casino. Every game is the same with the exact same winning chances. There is no influence from the outside world that is going to change our chances, or we can't exploit the games by hedging our positions. That is one advantage in the futures world, where all the contracts can be replicated with the spot market. For example, if we see that the underlying assets become very cheap today, we might lose money on our futures position, but we can already some assets cheap at the exchange and just hold it. In the long run when prices rise again, we will make money on the futures and on our spot position. Also, in gambling we know very quickly if we won or not, there is no in between state where we can comeback in one month and see if our bet changed and we might have won. In futures trading it's the exact opposite, prices are changing every day and just because we lost money today doesn't mean we are going to lose money every day, even a bad trade can change back into a winner over time.

First time I am hearing about that issue, it's quite sad if people are too afraid to visit a real casino and only play online. Hopefully there will be some punishments for the physical casinos that treat LGBTQ+ people differently, same goes for the employees. In my opinion we are all the same, everybody wants to have a good time and for the casino it shouldn't really matter who is placing their bets and who wins in their house. I would have thought that the casino is more interested in having a larger number of visitors to make a higher profit. This is another great example of the benefit of online gambling over the traditional casinos, there is no racism or treating people differently for their believes. Personally, I prefer online gambling anyways more than visiting my local casino, because its more comfortable. I don't have to drive to so far, can stay in my home, have a snack when I want and can take breaks and watch a movie if I am too tired. 

For me risk is the reason that makes investing and trading interesting, without it there wouldn't be a chance to make large profits. Risk allows us to earn extra returns compared to the risk free assets. People who don't want to take risks leave their savings in the bank and earn a small interest on it, or leave it as cash at home for no interest at all. Due to inflation we need to invest, otherwise the value of our money will drop over time. Crypto currencies offer a lot of opportunities to invest in, especially bitcoin has proven over the years to protect it's initial value while giving good upside potential. As long as we only invest money that we don't need at the moment we don't face any long term risks in my opinion. The problem comes when we expect certain returns and rely on them, this could lead to us being forced to sell at unfavorable times.

When you have a problem to keep track of your finances then I would recommend you write down any expenditure you have. Just start a new excel sheet today and write down everything you buy. After one month make a summary of all the purchases and classify them into necessary and unnecessary things. This will give you a quick overview where most of your money is going and where you can cut back on things. In case you struggling to control the money in your wallet, you need to work on your constraints. There are a few ways to make it harder for you to spend too much money. First of all leave all credit cards at home and only use cash. This way you can only spend what money you in your pockets. For that you should also set a daily budget of maybe 25 USD. Like that you force yourself to save money everyday and you can't overspend. It's hard to limit our own spending, because we are surrounded by advertising. All the companies want our money and will offer us new products 24/7.

All charts use the same type of data, it's prices at which a particular coin traded in the past. The most common chart plots all the daily prices for a given time period and connects them with a line. You can look at a chart as a visualization of the history of a coin. Different chart types use more specific data to include in the charts. For example you can include the highest and lowest price of a day to show the volatility in the charts. Technical analysis then uses these prices to find trends and trading signals to make money. A good way to find trends in the charts is to add lines with average prices on top of the main chart. Then you can see if the price drops or rises faster than the average.