I think sports betting are the future of gambling. When it comes to sports, there is a higher chance we can predict which team or player might win based on their previous match history or their season history. But we cannot do this on online gambling games. These games are totally random. There is no way, no secret formula, or no magic words that can ensure the winnings. These games are totally won based on luck. But if you were a sports fan, you would find it easy to predict the winning teams. It would be an advantage of yours.
Let's just say sportsbetting is favored by many gamblers especially those who are basically into sports however we have our own preferences wherein some people are just not into it. Sportsbetting cannot be the future of gambling simply because there are other categories favored by other players, sportsbetting will never be exclusive. But for us who are fond of it, we tend to enjoy it more than others and same thing on how they view slots, card games, roulettes, and other gambling games. But I agree, one factor which made me engage with sportsbetting is risk management through analysis of matches, which for some lowers the difficulty of coming up with a winning bet. |
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That kind of joke is not exclusive to gambling. It's also applicable to bad investment since that was also popular during the market crash. I've seen a lot of meme about buying a new motorcycle after losing their car because they bought at the top. Well some people would say buying crypto is also like gambling so I guess it's connected.
Not technically connected but rather associated through the word "risk". Crypto investment has its risk with market price volatility while with gambling, it is in one's fate and luck. As we observed, sarcasm was displayed in this joke but if we would dig down, such thing is really occuring in gambling industry especially for gamblers who does not know how to manage the risk well. Familiar with stories wherein gamblers are selling their houses just to pay their debt from losing that much in a casino? I personally know someone who unfortunately lost almost everything due to his gambling addiction. Not to break the fun but this joke should also be a reminder for us to be responsible as well with our funds. |
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I was surfing on the Instagram and found this:  (source: https://www.instagram.com/reel/CyzDDHfOU0c/?igshid=ZDE1MWVjZGVmZQ==) I understand that this is fake and was made for a joke. But some people dont know what jokes should be ended or are inappropriate... However, since some casinos have "special" section in sports betting (why this is in sports betting anyway?), and allow to place bets on election outcome, or on Oscar winner, or on music event like Eurovision, I would not be much surprised that in 5 or 10 years we would really have such absurd betting options. And most important what scares me, that casinos will hide behind "there is a demand on such betting" and there really be people who will find this demanding. I think this is edited? The images is not that clear tho. Betting who is winning in a war is completely ridiculous and insane, you know? there's a lot of lives taken and those kids who doesnt know anything and innocent are suffering to their country. It is very inappropriate to make fun of this as you know that this is a serious matter and it can affect other countries too. What is happening to the world? seems like were living in a cruel world. I understand that It's all about making money, that this is how casino business works but life shouldn't revolve around money, we still have something called Humanity. Different people has different ways to view an event or something in particular. Of course if we would ask the majority, all of us would say it is a topic we shouldn't make fun about or even bet. It involve lives and struggling of people. However, some people are having low sympathy towards others and we won't be able to do anything about it. The least thing we could do is to either support or avoid betting with such topics if it is outside our interest. Anything could be gambled about; presidency, and even the weirdest topics we know as long as there are two or more different biases and opinion, and as long as people behind the differences would be willing to put money on it. That's just how generic gambling is. |
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Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion. Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers. Gambling is not a "tax" for anyone who does not understand the math behind probability. And of course you can gamble rationally. Not wildly throwing money around and going into the casino with a exit-plan is an act which follows the very definition of rationality. First of all, gambling is supposed to be entertainment, not a way to earn an income or become financially independent. The people who do not understand this might more easily become addicted to gambling but whether they become addicted or not depends on their biology, their upbringing and their personal situation. Once you engage yourself in gambling and yet you're aware of the risk present, then you are already not being rational to your funds. Being rational means you are depending on your mind over your heart or emotion which is sometimes being disregarded in gambling. If you know to yourself that you have a tendency to lose, the that's emotion already; which pushed us towards this activity or industry in general.However, the tendency of getting addicted is dependent with the gambler, I agree. If you won't lose your sense of self control then you'd be fine crossing every bet.The simplest way to understand gambling addiction is knowing one's financial capacity and risk tolerance. |
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For me it's all about the dollar amount ( or bitcoin amount, technically ) and not a percentage, so I'm not sure where I stand percentage wise. I typically have a set amount that I'm willing to gamble on each game. If I feel confident I typically bet $25 worth of bitcoin. If I'm very confident I tend to bet anywhere from $50-100 in bitcoin. I feel you, I don't take a ton or risk and it's much less stressful. I don't have huge upside, but I'm okay with that.
Maybe he's referring to the percentage of his bankroll maybe for a single day or month. Such that he would only bet 1% of that bankroll in each bet in order to prolong his capital and avoid huge loss. However if his aim is to be profitable then small amounts lead to small profit. There are times you would be crossing your tolerance especially if you are having a strong feeling that it would be a winning bet. Well nothing would assure winning hut that simply makes gambling beautiful; you just have to have a sense of control in order to not make your losses continuous such that if you've lost a bigger amount than your usual bet then your next bet should again be your usual than to force things with another big amount because of frustration to get back with what you've lost. |
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There is some certain amount of money that you will lose and you will be so pissed and probably quit, but not this guy.
I've been talking a lot about how people should learn to be a responsible gambler but there is a crazy gambler that I just meet, from a friends friend, the crazy thing about this person is how about how much he has lost in gambling, enough to go south in the ear of others and he has never made any big gains to cover what he has lost, the crazy part is...
This guy is giving me a weird vibe, like a different gambling breed, he knows he have the gambling addiction problem but he just doesn't care, like for real, he doesn't care, the amount he has lost is in six figures but very weird how he is able to handle it.
Some gamblers are different breed to be honest, they don't care about what their present situation is, if they are breathing they are good, anyone know crazy gambler who don't care if they lose big amount of money and they still gamble?
I've get to know that not all gamblers need to be a responsible gambler, some knows, they are not hypnotized by gambling, they are fully awake and they still choose to be a reckless gambler.
He lost that much and still has the financial capacity to continue then therefore he just can afford his losses. Details are lacking, have you asked him if he is still under his control or not. Maybe that's just his betting habits and if that's so we cannot do anything to change it. Also, how did you confirm that he's addicted and that he's aware of it? 'coz if this is just an assumption then you're the wrong one here.
I've get to know that not all gamblers need to be a responsible gambler, some knows, they are not hypnotized by gambling, they are fully awake and they still choose to be a reckless gambler.
Some gamblers have accepted their fate which is a responsible gambling. They know they do it, they know that they are addicted to it and you have accepted it. For them it is what is the worst that can happen. After all, they have lost everything and have nothing else to use. Trying to advise or tell them why they should gamble responsibly is veaste of time. When I meet these people, I leave them alone with whatever idealogy that's behind their gambling. It's live and let live. Unless that person is important to you. It would be a normal response to be concerned of him and to offer help to make possible changes. But if it is total strangers the unfortunately, he'd only change by his initiative and no other people would be able to do that. |
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Not solely for rich ones but for sure they would be having bigger chances to win especially if they would be able to manage the risk and the amount of their bets, proportionate to what they can afford losing. Gambling is not only for the wealthy individuals; as we all know there are 'regular gamblers' who managed to win big time from gambling industry.
With luck, yes it is a huge factor in gambling however there are things we should consider as well such as strategy, analysis, and overall bankroll management to lessen your losses at least than to end up with nothing and just choose to give up and quit.
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If gas or transaction feed would be higher in the future to the extent that it would be more expensive than with FIAT by that time, then yes. The prinary use of this blockchain is as a digital currency. Logically speaking, this is meant for transactions such as purchasing of goods and wants. If things would be expensive why would it still be preferred by its users and consumers? The only thing we wouldn't be able to trading this technology is due to anonymity with big transactions and also with taxation of goods. If it won't be serving its purpose of a faster and cheaper transaction, might as well move to other mode of payment to be more practical.
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Random optimism for this technology?
Be realistic; poor ones won't prioritize investments and assets simply because they need to provide for their daily expenses which is practical. Whether it is South East Asia or other regions of the globe, as long as people themselves are not interested to engage not because of its popularity but circumstances and capabilities of the people on those areas believed to be struggling in terms of financial aspect. Everyone's free to invest but no one is required especially if there are other things needing the fund such as food in the table. Economic issues will never be resolved by this industry's token.
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No time for checking it.
If there is no problem, for me I do not need to check it because I know that it is there and intact. But these reminders on why we need to check got me guilty that I have to be so sure too that it's doing well and if the words that have been written are still fine and printed.
I did my homework thoroughly on securing my seed phrase even before I had a need for it. The articles, videos, and podcasts that I read watched and listened to prepared me so that when I secured my seed phrase I can be sure that in the next five decades nothing Earth, wind, or water can tamper with it including human forces. It is safe and secure, no need to check it. Indeed if the security of the device where your wallet is logged would be enough as long as you are being responsible with the platforms or things you are accessing it with. Only those who are anxious are the ones to check it frequently. But in reality, the more you do not access it with platforms or networks which could infect the mother device, won't give you any problem on the long run. Just be sure to keep the copy of where it is written in order to make sure that no one else would have access into it and that if there would be anu problems then you could make an action with it.It is our money in the first place which should be enough to push us to be more cautious of its linkage and to avoid things get into worse. |
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If it is general possibility then any price could be reached as long as demand would allow to do so. As we all know, everything's market value which is dependent with demand, shows no limit. Problem is lack of assurance that all of the displayed market prices would be met for that year. The market prices of crypto are not consistently increasing which could make it or not, or whether how long would it take to be achieved. So what's your move as an investor? Simply hold still if you are capable to so. If you don't have yours then at least find a good entry point then do the same thing which is to sell once you're okay already. Next uear is when Halving is expected to happen which could create enough demand for this industry in general and that includes dramatic increase with crypto's market prices.
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His hand are soft not Diamond. He needs to sell it and ask for advice.
100 into 150 is nothing
and having to ask about it is the issue.
No understanding of hodl not ready to hodl.
Yes, and I can understand if it is someone young with little money or living in a developing country where that amount is more important than for us, but the fact that 20 days ago he was saying he was planning to hold for 5 years, plus adding to the investment, and now he is considering whether to sell makes me wonder if there isn't a bit of trolling going on here. In any case, I have it clear, at the moment we are in, facing a bull market and with that amount I would not sell, another thing is that he needs the money for something but then he should not have invested it in the first place. Exactly that. If we assume he is truthful he simply is not emotionally ready to invest. Or he is a troll and we are wasting time replying to him. But if a truly shaky handed person is reading this some advice could help them. Bunch of alike stories and given that we are all anonymous in this forum, it would be hard determining which user is telling the truth or whether stories or topic are legitimate or not. For sure we are all aware here; hold and just continue to do so until satisfactory. However there are indeed people having difficulties with their decision despite of awareness on what to to. Factor to consider is the investor's life circumstances. Everyone for sure wants to hold but not all could endure market price changes. |
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Choose what you think is best for you. I get the point that you want to contribute to this technology but since it is still young, we should accept that forcing the adoption won't do us good. You want to support a business to contribute to the advocacy but if it will sacrifice your urge to do things on your will, then you would be wasting your time. Regardless if you continue this advocacy of yours, if governments won't adopt it first as well as big companies, then nothing would change. Let things happen on its own. Right now more people are acknowledging this technology which means it would be better to let its progress be. And for us investors, focus on your holdings.
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You treat gambling as a place for entertainment and you enjoy every minute of it, but your family tells you to stop gambling for a week and challenges you to check other platforms for the same level of enjoyment that you experience in gambling.
So what will it be for you?
Mine is having a long ride on my motorcycle I feel it's refreshing and enjoyable, especially when I take on zigzag roads.
I'm a responsible rider and advocate of safe riding and if I'm not gambling online I love to take a long ride I have the same enjoyment doing both.
Better term I guess is outlet for enjoyment. I tend to socialize with my friends and play Basketball during mu free time and whenever I am not feeling the urge to gamble especially when my luck seem to be running out. If ever mu parents would be the one to tell me to quit gambling, I think it is where there would be a difference 'coz they see you as a problematic gambler. Gambling is indeed entertaining and is just leaving a bad impression with people who finds it hard to control themselves. So what will it be for you?
Sometimes, we really need to distance ourselves from the world of gambling to prevent our losses from growing and chasing after defeats. At times, however, we still desire to continue gambling with the hope of increasing our winnings. There are many other activities I can engage in that provide the same level of enjoyment or even more than what I experience in gambling. Since I always face the monitor, I can take and enroll in online courses about web development, programming, and coding to enhance and refine my computer skills. Online gaming is also an option; I can play with my laptop and smartphone to connect with others and have fun. I enjoy listening to music to relax and can create playlists of my favorite songs as well. Indeed some people tend to force their luck while chasing their losses. A domino effect; frustration would make you more exposed into it. |
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No such thing. Gambling is gambling and there's no such thing as "pro" here unless you would be playing in a tournament otherwise you are just a gambler yourself. Having a winrate won't be absolute. Try tracking your gains and losses to see whether you are a profitable gambler or not; these are the only categories. Certainty is lacking in gambling. You could win most of the time in some days but there will always be times wherein you'd lose for days or weeks or even longer. You could bet as many times as you want but for sure only our winnings would tell whether we are good or not. You could lose a thousand time but once you hit the jackpot, you could get back what you have lost but that would only show how much is your progress for a long period of time.
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For me it’s the other way around, I missed the chance to sell a coin on the highs, which would have brought me a huge amount, but I hoped that the project would continue to grow, in the end my investments went down minus 90% and I’ve already been waiting for about two years, but TVL is still very far. My advice: do not miss the opportunity to lock in your profits.
Maybe it is a bit of greed given that you're aware of how big the profit already was and you still chose to hold. Your cited experience also support the title which is referring to struggles of holding. From big profit to huge loss. If you picked the right project then you shouldn't be hopeless right now even for a bad market situation from the previous all time high. Think of those people who bought early and still earning at this point; althroughout they encountered loss, then profit, the loss, then profit. If it is long term holding they you shouldnt mind monthly price ceilings and focus only with annual growth in its price. Things won't happen in an instant so if you are in regret then you should have picked the easier catch. |
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I suggested to him to pay deaf ears to what people will say if he wanted to invest in anything as it was his life and his money. He, however stated his concerns, that his property has his parents inhabiting it and that they would not agree for him to dispose it and also he considers it the only chance he has at investing in Bitcoin since he was just venturing into that space newly.
While we try to invest in bitcoins, and also encourage others to invest in bitcoins, we need to be cautious about the kind of advice we give them. Because although some have good intentions, the process to get to the intended intention which is good is bad. I do not support the advice that your friend should go ahead to kick his parents out of the house he owns which they are currently living in because he wants to invest in bitcoins. The only condition he has to relocate his parents should be that he is moving them to a better place. We should not make poor and selfish decisions that will hurt our loved ones just because we want to invest in bitcoins. Also, there are people in there; you just cannot throw away their "shelter" simply because you are interested to an investment. If that's the only concern he should atleast compensate another shelter to still be lived by his family members. Also, if the property is not solely under his possession. Indeed there are players who succeeded from doing such thing, it shouldn't be a normal thing to do. Putting all of the proceeds into 1 bucket won't be much ofan advised one. If you have the chance to do so then that would be better of course. Do not be too blinded of this itechnology's assurance of profit 'coz there's no such thing as an easy way to do so. |
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Meme coin is very high risk than Altcoins and Bitcoin.
If want to buy with small amount i think Shiba Inu and Dogecoin is good because many good market list that coin.
Every crypto has its own risk whether it is a memecoin or not sinply because cryptos' market price are volatile by nature. But with meme tokens as concerned for long term investment, I'm not quite sure whether it would be best for such investment technique given that most of the meme tokens has no utility to sustain the demand for it. Also token supply is huge which could also be a factor to lesser demand. But this is not to close the door for memecoins. If there will be further developments tackling issues and potential problems, then for sure it would become a better option than its current image. Right now, memecoins are no doubt good for short term investment due to high volatility in its price. |
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We have seen that it has been debated that there are more A students who work for C students or there are C students who earn more than A students. Personally I don't believe any of this premise. What I believe is that it doesn't matter whether you are an A student or have a high IQ. Rather it's about having the courage to venture into unchattered territories, including taking calculated risk and making the most of the opportunities that lead to high income. In our society today and in the past, the people who have demonstrated audacity and capitalized on privileged advantages to undertake risky yet lucrative business ideas are the ones who end up being of great influence and earn more. Do you agree?
fastercapital.com/startup-topic/Taking-Calculated-Risks.html
In my opinion ,study is important and without knowledge we can't do anything in life. Financial knowledge is important and academic knowledge is also important in life. Because education opens mind and person can think out of the box. Financial knowledge is important because money in important in life and without money there is no value of man in life. But academic education gave many things to country. Without education,you can't learn how to speak and when to remain silent. We can read anything and we can lead any team ,any kind of team but many Enterpreneur disrepute academic education but in my opinion that is not right. Only hard working persons are successful in life either they are educated or not. Financial knowledge and academic knowledge are related. However it is a different matter if it is success which is being talked about. The statement is valid; no correlation between academic success and with financial status. But both are important. Not all graduates are more successful than ones who chose to stop and vice versa. It'll depend on the individual but atleast if you would succeed academically, you will open bigger and faster opportunities to lead you towards financial success, more than those who did not and would be needing to do Trial and Error with what they are investing themselves with.Circumstances as well would matter always when it comes on "success". |
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Why are you after a quick profit investment, when you know that there is no investment that has lasted, that will give quick profit. The only way that you can profit from bitcoin is when you invest in a long term and focus your mindset on a long term goal with regular DCA. When you invest in bitcoin for a short term, the possibility of you to run at loss is high than when you invest in long term. Invest wisely...
What is your thought on this.
What you’ve explained in the context of your post have said it all. There is no investment that can make you reach your goals overnight, if it happens to be so, then it is not an investment to invest in. No wealth or riches have lasted a long time when the profit is earned within a short time of investing. DCA method has proven to be the best form of investment if you’re investing for a long term, it gives you the opportunity to accumulate more at the comfort of your money without stressing you into investing not at will. In the long run, holding would generate a more efficient profit than with DCA and partial trading. Well, day trading could make more money than with just waiting and holding for a period of time however you won't always be winning given that its market value is lacking stability and that there are sudden market price changes whenever there are news or anything which could affect the demand in this technology. But since we all have our own preferences on how would we maximize our assets, eitherway would be valid.There's really no shortcut to success and even if this technology have created an impression of a quick way to get rich, we should still base on daily progress. |
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