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481  Economy / Gambling discussion / Re: A brief advice for the newbie gamblers. on: January 14, 2024, 01:38:23 PM
I would say for beginners it is better not to gamble. However, if a new person is interested in gambling, then the new person should be careful first so that he does not become addicted to gambling. And in order not to become addicted to gambling, gambling should be done with self-control. A new person should budget as much money in gambling as he can afford to lose. Even if a new person sticks to gambling, he can gain good gambling experience. But in that case, the chances of getting addicted to gambling are high. To recover money lost by gambling, repeated gambling should not be done at all. Because it can lead to addiction and financial ruin. A new person can play for fun rather than gambling to make money.
At first I was introduced to gambling just to have fun spending a small part of my money, one day I lost my mind and didn't care about my finances so I suffered, from my experience, now I am relaxed about gambling and I realize that chasing victory is a stupid thing in gambling
We all started as newbies, not trying at all is worse. We all have a choice wether to be responsible or to be eaten by greed. We do all have the capability to limit ourseleves with the amount we would gamble or wager. If you cannot afford losing that much then bet a small amount. If things ain't going better still, then that would be the time you should stop. No one forced us to gamble but our initiative in the first place. You could improve throughout your journey or to conclude taking a break.
A newbie will always be a newbie and some of the newbies would only learn and have a deep clue of whatsoever advise we're giving here only by having a direct experience with the negatives impacts of gambling. Sharing advises to them will sound like some regular stories they come across on social platforms, so in some cases it better to allow them test the waters and have a feel about it so when a seasoned gambler shares his experience a ND advise it will be considered.

A newbie gambler may not even easily understand what it means to gamble responsible untill they lose huge amount from their income. I could remember how I fall a victim when I started gambling. Trying to avoid being greedy is the main point in gambling responsibly.

Yes, that's right, it's likely that novice gamblers will only think about winning and winning, before they experience losing large amounts of money, it's like they won't understand that gambling must be done responsibly. Therefore, I think that novice gamblers will be vulnerable to developing a gambling addiction, where they will gamble continuously because they only think about winning. It's easy for them to fall because they only think about winning and winning.

Indeed, in general gamblers are like that, many of them follow their greed which leads them to lose large amounts of money. and indeed all gamblers should be able to control their greed, and I think that greed can be controlled after we have self-control. The main self-control that must be possessed in gambling is to prevent undesirable things from happening, such as gambling addiction or losing large amounts of money.
I think it's important to accept the ups and downs of success and failure. It's all about the excitement, the game plan, and the friendship among players. My connection with gambling changed when I started to love the game instead of just trying to win. Instead of being a frantic race to the top, it turned into a pleasant social pastime

Regarding greed, that is the tough part, isn't it? Yes, exercising self-control is crucial. I've discovered that it's important to establish limits, such as spending caps or time limits, to keep gaming enjoyable. Similar to enjoying your favorite dessert, you should relish it without going overboard. In this way, we may encourage harmless gambling that is lighthearted, pleasurable, and, above all, under control
It is just not that easy to accept how gambling really works. With greed, we are all hoping to earn huge in gambling; some are even dreaming of getting rich by winning the jackpot. We often disregard the reality that the ratio of losing to winning is probably one in a million, or even bigger. You would experience winning as you gamble but the point of securing your profit is what drags us to play more and end up with loss.

So to all newbies out there, clear your mindset first. It is always the foundation which is important to everything. If you know how risky gambling is and if you know how to manage your bankroll and emotion, then you'd be fine. Profit will just come on your way as you prevent losing big amounts. It's all about efficiency.
482  Economy / Gambling discussion / Re: What ugly incident or occurrence have you ever experienced in gambling? on: January 14, 2024, 06:19:58 AM
It was a very annoying moment because a slow device caused me to lose big winnings. My bad experience was when I wanted to withdraw my money from the casino but the requested turnover was very much larger than the deposit amount and in the end I suffered a loss.
Well if it is with technical problems, then for sure this rarely happens such as with what most of the users in this topic have said. It will really sadden a gambler from missing something big because something unexpected happen. We know how hard it is to win and if we would miss that rare opportunity, obviously it would be felt for quite a period of time. But what can we do about it? I'd say accept it; things are done already and there's no one who liked it to happen in the first place. Just make it a habit to as much as possible check the internet connection, and the device itself especially if it involves money. If possible, invest to a better device for a better experience.

The only instance which made me mad is accidentally betting an amount with extra 'zero' and turned out to be a losing bet. Therefore, I just lost an amount that I did not want to place. I really felt bad for a week and took a pause playing because I was upset. After that, I do always check the amount I wager before placing it in. These unwanted instances are just expensive lessons; we should learn from it.
483  Economy / Gambling discussion / Re: What's The Weirdest Alibi Of Gamblers So They Can Continue Gambling? on: January 13, 2024, 10:44:18 PM
"My time will come".
Even if some players are still suffering from loss try asking them of why they are still playing and this line could be taken from and use from that conversation. Gambling is a game of bettors; bettors are people who are testing their lucks in order to win and generate profit. However, given that winning won't always come to your end, you'd most of the time grab ths idea of gaslighting and sometimes lying that you are in profit. It'll boil down to our ego as gamblers just to continue what we are doing. Many people would want to stop us due to stories that they witnessed and that is because they are concerned to us; one of our goals is to not let them see our weak sides to avoid being questioned in such way.
Gamblers can be weirdly superstitious sometimes and believe that there are certain rituals or behaviors which can lead them to winning. For the most part these are relatively harmless. If you are losing badly and looking for some sort of sign that your luck is about to change then you might have a problem and need to stop. I am sure there are gamblers who are religious and they say that they'll go to church every Sunday and donate money to charity if they can hit a big win. Prayer isn't going to help you win, but out of desperation people will act irrationally.
Well in the first place there's no ither logic than chances behind gambling. Given that no matter how good you think you are as a bettor, it will always be your luck to determine whether you win or the other way around. No strategy will be consistenty working and that is simply why gamblers are just hitting up some superstitions, as sign of frustrations on winning.
484  Economy / Gambling discussion / Re: Know when to stop on: January 13, 2024, 04:48:19 PM
its important to not gamble more than you can afford to lose

Many will have this wrong motive that the more they keep gambling the more likely their winning chances increases which is completely wrong mentality, we shouldn't have taken such action in the first place, if we do then we should conclude our minds on wether it works out as planned or not, so when we gamble and loose the bet, we shouldn't feels bad about that, it has always been the same thing we know to have happened repeatedly.
No one really wants to lose. Most of the gamblers here are after winnings and there's nothing wrong with it as long as you know your limits as a gambler. The idea of using an amount we can afford losing isn't clear to many; you'll always feel sad everytime you are losing. However, being able to afford means you are not dependent with that amount, that you can still function or buy the things you need on a daily basis.

* Stop when you have a big winning,

Or it will be better saying you don't have to have a big winning before you stop. If you make a disparity between big and small win then gamblers will think they need to keep playing to have big win before they can decide to stop but we know it is a wrong concept for gambling to think that way because in gambling you stand a chance for more negative decision that will lead you into loses if you play for a long time especially if you are already losing as your emotions are taking hold of you. Therefore, you can stop anytime you have the feeling to stop and not to pursue big win. Big win will come on your analysis not because you kept playing.
Indeed, many are confused of the perfect time to stop; it will all boil down to player's satisfaction. If you are aiming to hit the jackpot or pushing your luck too much then that is where problem could arise. While chasing you won't be aware of how huge loss already is. Therefore, it will be better to practice being satisfied if you are in profit already. On my end, I do always secure 50% of my profit sin wach day I would be winning and avoiding the idea of betting til I hit that one big win. This helped me recover with my loss when I was still a daily and heavy bettor. In the long run it is more efficient.
485  Economy / Gambling discussion / Re: You'll be a discipline gambler in sports if you have a real bankroll. on: January 13, 2024, 02:57:51 PM
Having a specified amount of bankroll is already a discipline and if you would be able to not cross the line on the numbers, then for sure you won't be in regrets no matte what. Setting a limit to your bankroll is often characterized by the amount you can afford losing. Problem most of the time is allowing our greed to be the one to play for us which causes us huge loss. Losing will always have a higher tendency to take place than winning therefore being preventive of huge losses, could also be the key to profit. You won't win consistently and so do losing. If you will be maintaining the amount you bet and the amount you will dedicate for your bankroll, then things would be more efficient in your gambling experience.
Do you believe that you will be more disciplined in sports betting if you have a dedicated bankroll?

You may be and you may also not because it's not easy to maintain a particular range to use for gambling from our bankroll, we are the ones that make this rule and will still be the same person to break it when we find out that we couldn't but help with nothing to continue with our gambling for the day while we are already on the limit range, the best idea is never to have an additional access to any financial means that goes beyond the stipulated bankroll we are using.
Its difficulty simply depends on your discipline, as being discussed in the topic. If you know to yourself that you will find it hard following such limit you set to yourself, then atleast try to not cross the 'numbers' and eventually it will be a habit of yours. We do get the point that this won't be in an instant given that we are more used of playing  as long as there's money in our bankroll/accounts. Practice and make it consistent at least.
486  Economy / Gambling discussion / Re: Gambling is not a means to an end, Do it for fun and don't take it as a job on: January 12, 2024, 08:43:59 PM
Easy to say but hard to apply to ourselves, why? Gambling involves money and it just happened that money is necessary to make a living. We cannot sinply tell other people to afford what they are losing sinply because they have the desire to win in the first place. Some are even hoping to be rich in an instant. Let's just say assuming that these are all games would be a good mindset however we are all moving across different circumstances. Sine has the drive to be rich simply because that's something they percieve as the solution to their problems which will always be valid.

I do get the point; we shouldn't be putting everything in gambling 'coz losing is more likely to happen in the long run. However, it would be a worse advice to just play and enjoy things even if players are losing from time to time. We don't know the story of each of us but for sure we aren't just doing things 'coz we have to; we have our own freewill of things. Some are in the first place earning consistently and ofcourse there are others who are struggling; just a common scenario with gambling.
487  Economy / Gambling discussion / Re: why do gamblers always ague alot? on: January 12, 2024, 07:34:39 PM
Argument is there because there is a contrast with biased and opinion and it's just a normal thing; people are placing bets, with expectations of winning and earning profit. If you are uncomfortable watching it on live then choose sportsbetting and simply watch on your own. There are many people during the game and there would always be variations with their beliefs and opinions to which team would be winning. Bet alone 'coz for them who personally watched the game, it is more entertaining to do so and you're just being wrong from wanting them to adjust on your end. They simply know what they are doing and will just be wrong if they will physically hurt other bettors during those games.
Actually when we're talking about football, gamblers are not the only one who ague trying to keep their teams reputation. Those who are just football fan are also guilty of this one. I love going out to football screaming center because, that is where the fun of being a fan is truly felt. Where your rival fan is there to either laugh you, or you'll be the one to laugh them. Aguement will also help you to learn from other fan's perspective and sometimes, history of football that you didn't know before now. So it shouldn't be seen as just a way of raising conflict amongst yourselves.
What's the catch with football? This is evident to any sports which involves betting. What makes gambling more entertaining than just waiting is because of the thrill added with the money they wager. Just like you are; other audiences of different sports industry are also having the same excitement, feeling, and enjoyment. This will never be exclusive to a particular game.
488  Other / Off-topic / Re: Who does gambling addiction affect the most? on: January 11, 2024, 07:59:16 PM
Well, obviously it is the gambler himself. Immediate family could seek for their own needs to live unlike with a gambling addict in which time is occupied by obsession. Well with beneficiaries, indeed they will also struggle but at least they would be able or to be forced to still do things which could generate money such as asking for help from family and relatives or work for themselves; not because they're dependent from the start means they won't adjust to the situation that the provider is handicapped with addiction. Do you think they will just wait for things to become better? They're a family therefore they would make changes to survive. And with the gambler's pov, addiction could make him stunned and helpless unless professional help will be seeked.
The biggest impact is usually on the closest people, for example family, especially if they are married, have children and a wife, it will definitely have an impact on them, I once saw a friend of mine, he really neglected his wife and children and he was busy with his cellphone playing slot gambling. As a friend, I have warned him, even his extended family also advised him, but he still doesn't seem to care about anyone's advice.
He doesn't see his addiction as a problem, he sees it as a normal thing and as something very important, more important that he should ignore every other thing and face it squarely and primarily and rejecting other things to secondary option. The most dangerous thing about addiction is that  the addicted person didn't see anything wrong with what he's doing, because of he does, he would think of the adverse effects and consider changing for the better for the sake of those he loves and Care about.

Now come to think of it, if the addict is the wife, do you think the husband can  cope with her wayward behavior?, and don't we think the children will suffer more neglect if the wife is the addict here because I feel the wives are caregivers. When the caregiver is now careless, how do you feel the home will be?.
There are just so many factors to consider; age of their kids, capacity of the mother to work, educational attainment could also be considered, and more, basically. If perhaps the mother of the home has the physical properties and capabilities to still work, is there is reason why she should start the changes from herself than to still depend with a husband which is struggling in the first place.
489  Economy / Gambling discussion / Re: Drug (cocaine) addicts compromises gambling potentials on: January 11, 2024, 07:09:02 PM
Regardless of what reason, addiction will be always negative so what more if the case is one addiction to another? Simply means that the guy really needs help before his obsession of things manifest into worse; robbery and such. If the concern is what behavior to target in order to lessen the occurence, then that's for professionals to decide. Problem is we tend to overlook addiction with symptoms in line with exposure, however that's not only the factor to consider in order to determine whether an individual is addicted already.Bottomline is, he needs professional help.
The individual is highly irresponsible and he is the only one who should be blamed for whatever he ended up or will be.

Gambling is no way near to consider it as a way of increasing the revenue source which is simple knowledge that anyone may know but some think that they can beat the system and make the life better by doing nothing but it happen only for one in a thousand or even higher and the remaining people will be on the other side.
No one is to be blamed; there's no need to do so. What's better is to focus on the solution and that is obviously professional help. Assuming that there are government sectors handling addiction and rehabilitation in his area, it would be a huge help if he will be convinced to get himself treated and best if he will be having the initiative to do so.

Also, it is not always the idea of beating the house but more of pushing one's luck to get rich despite of the losses a gambler already have.
490  Economy / Gambling discussion / Re: What's your thoughts on VIP Programs in casinos? on: January 11, 2024, 06:07:46 PM
Just a marketing strategy although I've never been in such level 'coz basically it would cost me that much, others are just saying that VIP Programs will just create changes with Deposit, Withdraw, and Wagering requirement probably with speed and amount. Let's say minimum and maximum wagers are increased; what will VIP get then? just bigger risk. These are more likaly meant for Casinos to prioritize bigger players but on the same purpose which is to milk the cash cows more. Casinos wouldn't want to miss these gamblers 'coz they'll be their favorite. It wouldn't also be a program to increase winning tendency because it'll be against the casino itself. So I guess this is just a more elegant way of calling big players "important".
I don't follow along with various programs enough to be able to take advantage of them.  For example, I always hear people talking about Stake's monthly bonuses, etc...  I think I've only remembered to claim once ever and I can't even recall what the amount was, so for me bonuses of any kind are just kind of there...  It wouldn't get me to use a different casino and I don't even bother to check them.  I think people should focus on the gaming experience and less on the frills that are meant to keep you playing to try and win money.
Bonuses are not a big deal for those who want to enjoy gambling, their aim is only to enjoy gambling, so they don't care about vip level or any other profitable aspects, they just use gambling as a fun place and enjoy gambling. I personally don't think vip label is necessary for me because I gamble only for fun and I have no intention or desire to get rich from gambling.  So I don't care vip level
That's great to hear mate. How I wish all gamblers are like this, that don't prioritize win over happiness. Although to win a profit can still give them a happiness, but I'm not referring to that. If only all are like that, we won't have a problem gamblers and we won't see a lot of topics in the forum about gambling addiction.

Maybe you don't have the intention to get rich in gambling, but I'm sure you have an intention to get rich through working, business, investing, and others. Because, being rich can mean that we can now worry less and we can now solve a lot of existing problems. It may still be difficult to achieve even outside gambling.
If it is just entertainment then he should just played poker applications perhaps or just bet for fun with his friends having no consequences or rewards at all. Everyone will have the urge to win and that includes being rich if it will be given the opportunity. We just tend to gaslight it with entertainment but in reality, as long as something involves money, then it would be a normal desire to dominate it and get something from it which is more likely profit.
491  Economy / Gambling discussion / Re: Bet on favorites early in the week & underdogs late in the week strategy... on: January 10, 2024, 11:54:20 PM
I am by no means a professional gambler, and therefore I've certainly got plenty to learn (one of the reasons I like being active in this part of the forum).  I was recently listening to a gambling talk radio podcast and they were saying one basic rule of thumb to live by when sports betting is to bet favorites in the early part of the week and under-dogs in the later part of the week as the spread tends to favor this strategy.  

So I'm just curious if the sports betters in here take this "rule of thumb" strategy seriously and tend to follow it.  Or if there's any experience that says this may not be all that great of a strategy.  Thoughts?

Ima a wait until the game is about to start kind of guy.  People get thrown on injury reports or is deactivated in nba or baseball for rest and it screws everything else up.  Yeah it can work in your favor but when I'm sports gambling I like the most information I can possibly get.
Efficient indeed to do so, however odds are changing from time to time if you will be betting mid game. I tried it before and rewards ain't that decent to go low and if you will be increasing your wager, things might still go off simply because nothing's assured. Not because star players won't be there perhaps on the opponent team, then it would be an assured winning bet. Bench players could still step up and not to mention that sometimes star players are on bricks-- yes I am referring to sportsbetting in particular with NBA. And my conclusion only is; everything's possible to both winning and losing outcomes and that's just how gambling works. Luck will always be the determinant of the outcome no matter how good our analysis is. No one could control the game other than players themselves. Even with other sports such as in boxing in particular with handicaps; moving to other weight classes.

So what to do then? then just bet with moderation in particular with your wager. If you happened to win, then maintain your amount of wager and follow your limitations. In this instance, you won't suffer from huge loss and would more likely make your betting experience more efficient.
492  Economy / Gambling discussion / Re: Long-term profitable strategies on: January 10, 2024, 11:39:13 PM
Is there such thing as strategy that would make you profitable in gambling? Well yes but not directly to betting or playing style but rather how you would handle your wager or bets with limitation. This is just based on my experience and with my analogy; perhaps you are a hard bettor and you happened to won 5/10 games to day and happened to lose on the remaining days of the week, would it still be profit? I tried limiting my barnkroll;  I set an amount I can afford losing everytime I would be gambling regardless if I lose or win, actually in both outcomes. I prioritized securing profit and fortunately, I an in profit for months already. Well, profit ain't that much compared to heavier bettors but I am just glad that I am one of them who are in profit in the long run. Chasing big win will just make you more exposed of losses given that bigger bets are expected. Losing will be and should be more anticipated than winning the jackpot, and needless to explain, that's just it.

It is more of a preventive approach. Logic? defense is our best offense; yes just like with the sports we are all familiar with. It is not always being hungry of winning but sometimes, it is better to avoid losing continuously. We cannot force the better outcome in the first place, right? then just lessen the tendency of the negative outcome.
493  Economy / Gambling discussion / Re: Do you think women will make better gamblers by their nature? on: January 10, 2024, 11:18:52 PM
Well, it was never because of gender and sexes; both has tha capacity to be responsible of their gambling habits. Regardless if women are believd to be more conscious of their actions than men, it will still depend on what you are as an individual. Proof to this? there are also male gamblers who are taking good care of their bankrolls and gambling habits and also there are those who poorly do so. On the other hand, there is a fewer number of female gamblers than male which I think only because majority of them are not into this industry and that is regardless if their reason.
But how is this related to gambling discussion? For women to be gambling instead of men if they can have better self-control or what are you talking about? If I should tell my mind, this kind of thread is not needed at all and it belongs to off-topic.

If most women can know how to manage more than most men, that is the reason you will see just few women that are gambling, unlike we men. If women are gambling, some may also be prone to addiction.
Actually it makes sense to be in this board. Men always assume gambling will lead to addiction as the worse ending and not just an activity we should all enjoy. It is just that there is a comparison being created with everyones's sexes and traits. But what should be highlighted is how should an individual manage things in gambling. If women are believed to be better controlling their emotions while doing something then why men won't be able to do so, right? Not only because something is assumed, wherein in this case female gamblers would be more responsible, it would already mean that men cannot do so. Self improvement chooses no gender if you, as a man, thinks in such way.
494  Economy / Gambling discussion / Re: Does it looks responsible as woman telling husband you gamble? on: January 10, 2024, 10:48:42 PM


The point is my husband doesn't know that i have been secretly gambling and involving myself with gambling discussions and the rest, So, this morning when i woke something in me keeps telling me i should let him know to understand my involvement  to practice gambling.

Does this worth telling him or not please i need you collective ideas.
You know him more; question is why are you being secretive in the first place if you know to yourself that you are gambling responsibly? If it is just you being conscious of your actions then try telling it to him already 'coz he might understand it and take it positively. But if you are hiding it 'coz you know to yourself that he's against gambling and that he will never be convinced, then that would be a problem I guess. However, at the end of the day it will depend on the way you will explain it to him and to why you want to continue gambling.
I don't think it makes women look any more irresponsible than men to tell their spouse that they gamble.  It may be more common in men, but it isn't like women are considered crazy for gambling.  I would assume the man who marries a woman like this would be attracted to her doing things like this.  It's like women that watch football.  They're out there and there's a lot of them, but men are still surprised and usually appreciate when they come across one.  I don't think gambling has a sexist aspect to it.
It is just the stereotype behind gambling. Being responsible of something means you are carrying it well and that you can manage the consequences; both positive and negative ones. Well, gambling is for all genders and sexes as well as ages; it has nothing to do with any restrictions. In her case, given that she listed things proving that she's gambling responsibly, maybe it's just her own guilt why she did not tell her husband in the first place. We don't know the whole story yet but for sure there's a story behind it.
495  Economy / Gambling discussion / Re: Do you think gambling every day is better? on: January 09, 2024, 07:57:44 PM
Nope, based on my experience. I tried playing daily and as I noticed it, I have bigger loss. Losing is more certain and more anticipated in gambling which supports the idea. Indeed there are profitable gamblers however we have different bankrolls, strategies, and luck which breaks the idea that we would all have the same fate as them. It would be much better to be preventive of loss and that is to limit gambling exposure, and amount we are betting. When I started to manage things in my gambling 'career', it was also the first time I noticed that I am enjoying it more than ever.

If you will be gambling daily, chances are; winning two weeks continuously then suffer from loss or break even with bets (will still be a wasted time to some). Keep in mind that there's no consistency of your winnings; there'"" always be difference. It'll also make you prone to exposure and addiction at the same time.
496  Economy / Economics / Re: Corruption in Nigeria as a Problem of Economic Growth and Development on: January 08, 2024, 09:28:36 PM
Well to be honest this is not happening in just one country like Nigeria but this is quiet common in most third world countries around the world. Here in my country, those forms of activities are familiar to me as it happens every single day in here. Unfortunately, regardless of nationality either Nigerians or other races with corruption happening on their respective countries it will surelly affect the economic growth and development of the said country.
Quite an obvious thing right?
I agree with third world country condition for years. What's sad about it is that it is becoming a normal thing with politics that there will always be corrupt officials which will make taxes a good cash cow for their own interests. Obviously it will negatively affect the economy of a country sinces funds is not being disseminated properly to the rightful sectors which supposedly ones who will use economy's money to create growth; establishments, infrastructures, and new systems which will be used by people in those countries wherein this phenomena is existing. The result? Third world countries are still on the same category for decades unlike with countries which have met economic growth and be one with the strongest and wealthiest. One single leader won't be able to make absolute changes; our help as citizens would be much needed as well as cooperation from all of us. Unending problem which yields to uneding struggle of people.  With corruption, who's the one to blame? the one who's doing it or people who voted for him/her?
497  Economy / Economics / Re: Habits that can lead to your financial failure in 2024 on: January 08, 2024, 08:50:47 PM
We may list as many as we can but the year has nothing to do with it; the extent of how good this year would be, depends on us. Not because you risked and invested, then a positive outcome will be guaranteed. There will also be time that taking the risk won't be the best thing to do. On my end, you'd only suffer from financial failure if you will fail managing the risk and managing your cashflow. Failing is a normal thing and there's nothing wrong with it. What's wrong is to go all out without knowing the margin between risk and your overall capital; obviously if loss would eat 30% of your total capital as early as first quarter then it will already be hard to engage with another for this year, and if you will push through, out of frustration, that is where bigger failure could take place.

The habit listed below may hider your financial  growth this year
,👉Fear of leaving your comfort zone
👉Fear of failure
👉Looking for easy means to gather wealth
👉Wasting your precious time on things that are not necessary
👉Self indiscipline
👉Procrastination


To a certain extent I think that it's fine to focus on a specific area where we know a lot about and want to generate the highest possible return out of it. The problem is that we are at risk to forget looking at the bigger picture. Especially when it comes to trading and investing, so much depends on the general market sentiment that even the best trader in one project will struggle to offset the losses in a bear market. That's why I would add the point of failing to focus on the bigger picture to your list, as an important point that we should invest time and research on.
Indeed, investing to knowledge is a good thing but doing what you're good about will be a huge advantage. Not only because you already have knowledge but also you are more likely enjoying it which would be your fuel at times of struggle.In addition, being knowledgeable won't be enough to conquer anything, keep in mind that you should be good at it. Perhaps you will be facing a big project or investment, if you know to yourself that you are good at that field then it won't be that hard to adjust and create a positive outcome.

498  Bitcoin / Bitcoin Discussion / Re: Succeeded in introducing Bitcoin to a friend on: January 08, 2024, 08:17:16 PM
It is really great news that you have succeeded in convincing your friend about Bitcoin. Explaining Bitcoin to a newbie who is completely unfamiliar with Bitcoin requires a step-by-step explanation. What is bitcoin and how does it work, what is blockchain technology, hopefully a new user can learn about bitcoin.

I would say that convenience his friend for usage of bitcoin was one thing but more importantly it was the acceptance of it by his friend.
Usually we try to convince for near and dear ones about bitcoin but most of the time they won't agree to us. Maybe our tone or way of explaining is not so good or there maybe something else.  Huh
Both points are valid; introducing Bitcoin to other people has both negative and positive sides. Positive side is giving them an investment opportunity which could obviously give them profit. Negative is how will they view that opportunity; many people are still misinformed of how volatility and this industry works. Some see this as an easy way to earn profit while some sees it as a ponzi scheme. Given that new ones are often having no idea of how things are really doing, you will be somehow responsible of the result of their journey. I experienced it before; I shared my knowledge about this technology to a friend and unfortunately it did not go well. He disregarded the risk and just focused with the profit potential which lead him to loss.

However, despite of the negative tendencies on sharing the idea of this technology, this is not to close the doors for non-crypto investors. We just have to be picky of who would we be sharing about it 'coz not all people will view it the way we see it. Choose only those who will also invest time learning things and not those who are just into spoonfeeding acts.
499  Economy / Gambling discussion / Re: Features of the worldview of a gambler on: January 08, 2024, 07:33:15 PM
Optimism is a dual thing. On the one hand, as has already been correctly noted, optimism can protect you from harsh reality. On the other hand, if it is pathological, it can cause you to continue to believe in illusions and go on a long losing streak, which is only briefly interrupted by winnings and does not affect the overall statistics. Such optimism sucks you deeper into debt.
  Are there any other pathological features in the worldview of a gambler?
  Maybe naivety? Lack of analytical thinking? Not working hard enough?

A gambler's mindset is all about seeking the thrill in the moment, often overlooking the long-term impact. They might downplay consequences, get caught up in the excitement of the game, and tend to avoid serious risk management. It's a mix of chasing the adrenaline rush and neglecting the bigger picture.
Gambler's mindset can be seen on his betting behavior, decision making, strategies and not only with thrilling experience 'coz not all people are into it; proof is people who manages their bets properly. Indeed related to optimism however not to all players and to all the time. Some gamblers are more of pessimists which makes them scared of betting that much but are still having hopes of a positive outcome. Being optimistic means you are seeing better things behind a bad one and not to conquer thrill on gambling experience which I guess not all people are aware of.
Optimism is a dual thing. On the one hand, as has already been correctly noted, optimism can protect you from harsh reality. On the other hand, if it is pathological, it can cause you to continue to believe in illusions and go on a long losing streak, which is only briefly interrupted by winnings and does not affect the overall statistics. Such optimism sucks you deeper into debt.
  Are there any other pathological features in the worldview of a gambler?
  Maybe naivety? Lack of analytical thinking? Not working hard enough?

Isn't it as a result of a psychological problem?  addicts hardly notice they're addicted, but when they do, sharing it with people is the last thing on their mind. I'd say that what could have caused pathological optimism in gambling addicts is the reaction of people around them, when they're made aware of the player's addiction. Some would blame the gambler, which could add insult into the injury. Other pathological features in the worldview of a gambler is that he'd want to solve his problem gambling himself. Most addicts believe since the problem is self inflicted they can resolve it without the help of anybody. The process of trying to heal on their own, then adds more years or months to the addiction which then gets more severe until it can't be hidden anymore. It's common amongst addicts to behave this way. Pathological optimism is a stage of gambling addiction where the gambler is now aware of his problem. In the initial stage the gambler wouldn't know he's addicted. A gambler that lacks critical thinking and money management can get addicted.
If optimism becomes a psychological problem then that would be illusion if it is with gambling industry; an illusion that you will someday win the jackpot as if it is guaranteed and will be worthy waiting for so many years.Not needing the help of other people is just pure independence and not in a bit, related with taking to some people who we thinks he could be having is time of.
500  Economy / Gambling discussion / Re: Woes of gambling on: January 08, 2024, 05:46:20 PM
Take casino games for example especially jackpot casino games there is no way you can tell me that all of them are structured in such a way that they randomly always make money for the house if you ask me gambling is a fraud that has been used to trick people into believing that their choices matter it does not everyone that gambles is just there to make money for the casino unfortunately there is nothing that can be done about human nature 💔💔💔
If you think in such way then obviously it would be better for you to stay away from gambling. Well, quite ringing a bell; there are fraudalent gambling platforms which are really taking away people's money but for sure not all platforms are. If you are after the jackpot then for sure it is not a new thing to most of us that it is not something which will take place just because we wanted to; some gamblers already retired without hitting their big win which simply proves how hard it is. Some gamblers managed to win on their early gambling career which is really amazing. We have different timeline, fortune, and luck which makes sense to say that if it isn't happening yet there will still be a chance afterwards and if nor, then there are other amounts you can win. Given the difficulty, if you still eye on that jackpot but fully aware that you cannot take losses, save yourself from guilt and disappointment; quit already and allows real gamblers to do their thing.
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