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1061
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Economy / Gambling discussion / Re: Losses In Gambling That Still Haunts You Until This Day
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on: May 03, 2023, 07:18:47 PM
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I can remember most of my wins but not of my losses because it truly is haunting if I'll still got those in my mind. Well but if I try to remember them, they're not really much as I'm not a hardcore gambler. Unlike those that I'm seeing in here that they've got a lot to lose and they're okay with it since they're determined gamblers.
We've got the same situation because I cannot really remember exactly what happened or when did that happened even if I wanted to recall the specifics on purpose so that I can post it here or share it in a different situation, it's just that all is just vague to me. But I know that when I had those big losses in the past, it really haunted me in the first few couple of nights, it's like my brain is having a re-do on the very same situation so that I can move on to it quickly. When it comes to very bad or worst losses then i cant really think off on a specific one due to lots of experience on such matter.Yes, it could give out some temporal situation which you would really be that thinking up f or how many hours or even days.This would really be testing out your emotions but on the time that you are already getting used to it then you wouldnt mind much on which one you would really be thinking. You could just easily move on and just like there's nothing happened since you've been numb into this kind of situation.lol I did remember one though Date/year : 2022 Amount or Figure : 1k usd What Game : Dice game Bust it all even not on using martingale. |
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1062
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Economy / Trading Discussion / Re: after listening to manupulation, i think in this way
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on: May 02, 2023, 11:59:28 PM
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Many times we see in news and articles about market manipulation, after that i think, why this trend lines and indicators matters,
do institutions are also following indicators and trend lines? yes, manipulation but that manipulation is for liquidity grab.
but after all they also predict by trend lines and indicators? why trend lines matters?
Money grab, Fast crash, Manipulation? These arent new things on any market including crypto space.There would be always those people who would really be sitting on the top of the spot or on peak place which they do have the capacity on moving out markets according into their likes.This is where manipulation would really be that very common to happen but of course there's no way on spotting it out. Once you do step your foot into this market then you should really be that able to accept on whats the risks. Thing here is that you do know on how to ride with the waves or flow because if you do make yourself get affected that much with so much FUD. On the time that you are really that getting sufficient knowledge and experience then you would be able to handle yourself into this market which it would really be just that normal that you would be having some impulsive approach but once you do able to have that qualities then you could really be able to handle yourself. |
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1063
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Economy / Gambling discussion / Re: The psychology of betting.....
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on: May 02, 2023, 10:39:00 PM
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People always talk about strategy in gamble but I disagree because bet does not have strategy because the more you think you know the more you fail, even when you consistently play a particular odd that favours you one day you will get the greatest shock in the game because it will fail.
if you are betting on luck-based games, there's no known strategy that can indeed guarantee your winnings. but you can work with some of the popular ones like martingale, however, you also have no way in knowing when will luck will hit you. so yeah, games of chance, don't expect you will go home as a winner. people should accept the fact that when in gambling, always use your spare money, otherwise you are subjecting yourself to getting rekt if you will use your money for your bills or for your food. Indeed! This is where people should really be wary of on which there's no such thing about strategy or ways on how to make yourself at advantage in speaking about those coded or programmed applications or machines which there's no way for us to tell if those are fair ones or not.We've seen that there are people who do win up and this what makes us to be interested or really spark out our emotions and this is why we wont really be that mindful much when it comes to fairness.Its a common human being approach specially if you arent that having the past experience of these slot games. You would really be most likely be going or continue to play without minding about its fairness as long you do see that there are lots of people who had been playing around or sticking with it. As long you would really be that dealing on a place where popularity and recognition is high then it would really be that sufficient thing for you to get convinced that they are really indeed fair. Some people are really just that too paranoid when it comes to fairness issue but im not really blaming them considering in todays lots of situation where trust is always and issue. |
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1064
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Economy / Speculation / Re: What if BTC won't see ATH again?
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on: May 02, 2023, 09:56:34 PM
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BTC are destined to rise in price. The reason for which I am so confident about this statement is because Bitcoins are limited in numbers, and the rise among people to acquire Bitcoins is increasing. Currently the price and marketcap is enough to prove that Bitcoins will rise. So I would say, don’t greed and think more, whenever price falls just try to accumulate as many Bitcoins as you can and hold it for long term. Definitely we will see an ATH price this year.
I agree with you, because there is a hope that the price of Bitcoin will break record this year 2023 to hit $70,000 or $80,000 for those that invested some years ago to embrace the opportunity to make a huge amount of profits from their long term holding. Many people thought something like this last year that gave many Long term investors and short term investors to used all their strength and energy to get money to purchase potential coins like Bitcoin and Ethereum in the lower price and hold before they really them for sale last month when the price increased higher in the market to make a good income at the moment. I am not sure if it will see that right now, or not, it may see that level or maybe it will go up but not that much. However, I agree with you on the direction part, I agree that it will go up and I agree that it will do well. Hopefully that will go towards a situation where it will be greater than what it is today. I feel like finishing this year with 50k is not out of question, maybe we are both wrong and it will not reach those levels but I feel like it will probably reach those levels. This is why it is important to focus on what you can do with it. I believe that if you could invest carefully today, then you should probably be making a good return eventually, and that should give you a better return without a doubt. Bitcoin didnt failed on surprising us, it is really just it do really takes time for it to show up some numbers or able to reach out those all new all time highs when it comes into its price. People who do keep on complaining and saying some stuff about it then it is really just they cant really just wait for the right time and they are really that impatient and this is why they would really be making out some claims that it wont really be seeing its ATH. We know that there's no way on knowing on what the future looks like but speaking about its potential and seeing its community support, then you could really tell that it does have that chance on breaking out those resistances that we do have.It isnt really that something that we could assure off but at least we are really that seeing the potential. This is why it would really be depending on how you would really be handling up yourself not only mentally but also emotionally considering that this market is really that something that cant be known when it comes into its movements. Wont be seeing new ath? Then if thats your mindset then you would really be hindering yourself on buying because of having those doubts. |
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1065
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Economy / Gambling discussion / Re: Questions of the day for gamblers
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on: May 02, 2023, 08:56:53 PM
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If a online casino claims to be a decentralized platform does this mean that their games are fully decentralized too?
Hash games are ones considered to be that decentralized. Everything would run into smart contracts where game results or outcomes could be seen on a fair way. Do you guys know that some casinos regulates their own slots machines themselves, can you gamble with ease of mind on such casinos?
Well, if we do speak about physical casinos then there's no way that you could prove out that theyre fair and square but since its there and you do want to play then you wouldnt really bothered that up much specially if you do see that there's someone who do able to win. If slots games is all you are good at, are you really good at it or you are just lucky? Can you use the word 'good at it' with slots game?
Slots games is pure luck based. Dont expect that there would really be something that could really affect out your winning chance or simply being lucky. What is the most convenient games you play on gambling platforms?
Dice games, Crash, Plinko and some other roulette games. Is using leverage about luck or skills? Or even a rigged game?
It does depend on what kind or type of gambling game you are dealing with. You wont really be that dumb on not to be able to differentiate on between. |
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1066
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Economy / Gambling discussion / Re: Are you a fan of sports betting? Have you ever considered using Bitcoin sportsbo
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on: May 01, 2023, 11:47:14 PM
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Fast Transactions: With Bitcoin sportsbooks, you can make deposits and withdrawals instantly, which means you can start betting and collecting your winnings right away.
Low Fees: Bitcoin sportsbooks typically have much lower fees than traditional sportsbooks, which means you can keep more of your winnings.
Anonymity: Bitcoin transactions are anonymous, which means you can bet on sports without revealing your identity.
Security: Bitcoin is a secure and reliable form of payment, which means you can trust Bitcoin sportsbooks with your money.
Access: Bitcoin sportsbooks are available to anyone with an internet connection, which means you can bet on sports from anywhere in the world.
Have you tried betting on sports with Bitcoin? Share your experience in the comments!
If you are just new into those crypto gambling space then its good that you have experienced the beauty on making use of Bitcoin when it comes to gambling.This is why it is really that getting more attention because of this reason and features on which you cant really be able to experience or get when you do deal up with fiat.Somewhat we do have other options as well on which there are bookies or platforms which does have accept also some altcoins which means the more option we do have the more better we could be able to get on. Even we do like it or not, there are altcoins which does have much cheaper in terms of fees when it comes to transactions which there are people whom do really love on making use of it despite on using Bitcoin. There are really indeed times that confirmation times do really takes too long on the time the network is clogged. Good thing is that we do have other options to take considering that they had been offering that also. |
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1067
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Economy / Economics / Re: Always Have a financial record in whatever business you own
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on: May 01, 2023, 11:14:04 PM
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Identify income sources and reduce unnecessary expenses:
This is the importance i would definitely be saying because having some track would really be giving out some idea on where you do spend your money or specially on outgoing transactions.
In this case you would be able to see if you are spending that much or really just that in limit. This is where people do always miss out and in the end of the day you would really be having those questions on where
those funds go if you dont have that tracking.
In any business then it would really be that crucial specially into those things which had been said or mentioned on OP which it would really be just that worth for you to mind off
on following those at least. Its the basic stuff on where it would really be just that recommendable on doing so specially when you are really that serious
on having that kind of target or goal in your business to progess.
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1068
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Economy / Gambling discussion / Re: Why we should play on minor gambling platform?
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on: May 01, 2023, 09:54:30 PM
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Some smaller platforms might have unique games you won't see elsewhere, communities more suited for the kind of person you are. Or more personalized service.
Of course, you may pay a price with fewer options. And certainly don't go to a site just because it's small. Smaller sites may on average be more willing to scam customers.
That said, bigger platforms can get overly bureaucratic, loose touch with their roots and what not.
Hmmm, yes you are correct on some things. Yes, some of the minor gambling platforms has a high tendency to run from their investors I already encounter that thing few years ago, that's why just for me to ease my anxiety in paying I only gamble to trusted one whom has a years in the market and has a good review here in this forum, I trust all those review from everyone of you. It’s always a choice for us whether we should try some small gambling platforms, or just stick to big and famous platforms knowing most of them have earned good reputation. After all, we have varied experiences from different casinos. But for me, I cannot say that small gambling platforms are worthless after all. There are those small casinos that have better and tempting offers than old and big casinos, so it’s not that bad if I also try on them just to acquire new experience. But before that, I always take considerations in reading their reviews every now and then so I can also get some ideas if the casino is worth playing or not because it’s a big scam after all. Yeah, its a matter of choice because we do really have that kind of preference when it comes to choosing things,if you do find out that it do really looks interesting then it wont really be that bad to have considerations on playing because not all new sites or platforms would really be ending up on a scam.This is where most people have that kind of mindset on which they arent welcoming new platforms on which on the time there's something new, then they would be treating it up automatically as a scam which is really that a bad behavior. We've seen that those popular sites that we do have today are once new platforms, it is really just that they did successfuly able to get players just because they had able to make it that attractive which we know that the biggest challenge on having a business is on how to get your first client/customer/user. |
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1069
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Economy / Trading Discussion / Re: Is Technical analysis a must know in crypto trading?
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on: May 01, 2023, 08:44:24 PM
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Technical analysis is not required for trading, only certain ideas and experience related to trading can be achieved in trading. Different people usually have different ideas and experiences about trading. There is no specific way to learn about trading. That is, we usually study as different professions, ie for studying doctor and engineering, we have to study a specific subject, in the case of trading, there is no such specific subject. Trading is a specific platform but there are different ways to learn about it and gain experience, usually trading in the way that is easier for them.
We may think that technical analysis is not required to trade in the Cryptocurrency market because most time the market is mostly based on pump and down which is most majority of the whales in the market does to make severe profits from the market. Technical analysis is a most for a trader to trade the cryptocurrency market apart from so many numerous group that indulge in pump and dump making some investors think that the coin is moving very well. We need to know that cryptocurrency market is mostly manipulated by the whales that have large token portfolio in the market. Thusnhas made many traders think that having a good knowledge in technical analysis is not needed. We need to know what we are doing so that we can be able to make the right decisions. You cant really be that ending up on being that profitable nor sustaining on this market if you do have this kind of approach on which you are really that making yourself on being a gambler because you do believe that trading is really just that up and down thing but it doesnt really look that way on which it would really be just that right that you should really be that mindful about on how to sustain yourself on trading. This isnt something like that you could deal with up easily which you could just simply position yourself without any basis. TA + FA is really that relevant for you to learn because if you dont then what are the things that you've been using? Pure guess or speculation? This isnt how to deal up with this market. Dealing up with an unpredictable market should really be taken seriously and not really just like on having that kind of behavior on just like when you do play gambling. This isnt the right approach because if you do come into this kind of point then we do have that kind of assumptions on what would be the results. |
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1070
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Economy / Gambling / Re: Enough to consider a casino scam?
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on: May 01, 2023, 07:56:58 PM
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That sounds like a frustrating situation. It's understandable to feel concerned if a casino asks for Know Your Customer (KYC) verification after winning an amount above the usual threshold.
It's not far from the truth that such things happen. So, before you enter a casino, check to see whether there are any negative reviews about that site. If you've ever made an account, make sure that if you withdraw, there's nothing wrong with your account so that the transaction goes smoothly. Aside from that, there are people who are just suspecting you, that's why you have to supply the documents for them to validate, just provide what they ask and don't protest if you see them trying to swindle you so that your situation will be resolved as soon as possible. It because we don't conduct a thorough research before joining a casino makes it some how difficult for us to find a means to trust them when we pass through little challenges with them and most of which are kyc related issues, this could have been well dealt with if we had done the appropriate thing from the beginning, then should in case you're such in this category then make sure that you supply them with every demanding kyc verification requirements as needed. we tend to immediately trust casinos that are already popular, especially if there are lots of positive reviews from several players, that gives better confidence. suspicion of our casino account, it is actually based on our account activity as well. if the compliance party from the casino sees something suspicious from our account, they have the right to ask for KYC or other conditions to make it easier for us to access withdrawals in the future. we all know that there are pros with this method and there are also cons with all of this. but whatever policy is made, as players we must obey it. I am a casino player but it is not with that much money, and what I do the most is that I can play in a reliable casino, I have no problem with giving my kyc, because what interests me is that I can play calmly and that I can do a withdrawal without problems, for example in duelbits things are quite relaxed, many complain about giving the kyc but in this type of casino I don't mind giving it, because it has enough security, they take out many bonuses, promotions all the time and give many options so they can win, the contests are very good, the only problem they sometimes say is that the kyc takes time to pass, but that's why they study each player well. When it comes to preference then its none others business on what would be your choices or selection when it comes to things since we do have our own criteria whether we would be strictly be sticking into those reputable or known platforms or simply that old enough and been trusted or would really be tending up to test up those new platforms that just had recently launched in the market? Actually there are people who are really like this on which they are really that a fan on testing out some new casinos specially if they do see something that it is really that interested. They would really be that testing it out whether it would really be that able to hit up their expectations or not. Somewhat when you do have the experience then it would really that impossible that you cant really be able to see some odd actions or features or behavior on the time you would really be testing out. Using up your own common sense then it would really be that impossible if you cant spot it out. There are lots of things which indicates that you've been dealing with shady stuff. |
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1071
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Alternate cryptocurrencies / Altcoin Discussion / Re: Does Bounty really pay?
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on: April 30, 2023, 11:59:22 PM
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I,m Doing Bounty Campaign Since 2017 And I Have Lots Of Experience About Bounty Campaigns Payment Actually When I Do Bounty At First Time 2017-2018 Than Bounty Doing Payments Good And Big Amount But At The Time 2023 Bounty Doing Payments Really But 70% Bounty Did,t Distribution To Bounty Hunter.
As expected, most bounty projects are bad projects looking to raise awareness fast using bounty hunters, most times they failed to raise funds, and they have no choice but to go back into their caves after they failed to raise funds, and bounty hunters won't be getting any payout either, even if they do the tokens will be worthless. the current phenomenon of bounties, no one can avoid the fact that bounties are very bad when compared to the past 2017 period, even though the bitcoin price is higher. many differences that occur, the prize given is already pegged in $ and the amount is determined, whether the project is successful or not. different from before, if the project is successful then the bounty participants will enjoy the luck of the successful project, because the prize is % of the number of tokens sold. you are right friend, that many new projects that exist are worthless tokens and make many investors afraid. So it's no wonder that it's difficult to raise investors right now, because many are hesitant to invest because most projects are fraudulent and no one can be trusted, many run away with the results they get. investors are currently waiting for changes that can indeed restore confidence in a trustworthy project again. Yes, remembering those good old years where ICO bounties are really that worth for your time because allocation and they do ending up on having on value or simply listed on CEX which those hard days work do really pays off.Nowadays on having that lots of projects in the market then it would really be that just hard on sniping a single project which does really pay out of lots of shit projects in the market then it is really that hard to have on getting a worthy one but if you do have the ample time and effort or work you could pour on then bounty hunting wont really be that a bad choice but of course you should know the risks on spending your time and effort to be all wasted once the project did make out some shitty move. There are only these few scenarios; 1. You do make effort and put up time on a project but didnt get paid or the project become scam 2. You get tokens but ending up on having no value ( so waiting time or holding a bag of shitcoins in this case) 3. Decorations on your wallet |
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1072
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Economy / Gambling / Re: justbit.io asking me for KYC although their site explicitly states no KYC
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on: April 30, 2023, 11:35:03 PM
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These casinos are a centralized businesses under the regulatory policies of the government and have no option but to act as directed in order to keep up with a smooth business environment. You may be told in your initials that there's no KYC requirements but that's to a certain limit which they won't obvious make known to you. And that's why it advised to check T&C's of any casino you're registering with. Apart from KYC, get to know their deposit and withdrawal limit policy, and others before jumping in.
Don't go blindly and late come up with tantrum about the aftermath of the whole thing which is partly a fault from you the user too.
The casino is centralized, that is true, but is that the reason the casino should be lying? Or probably you did not understand what the gambler is talking about. Just click on the site and you will see it in front of their site boldly written that KYC is not mandatory, but if you read their terms and conditions, you will see how they make KYC mandatory. Which means the site owners know that there are some gamblers that will register because they said no KYC, but the gamblers will later know if they want to withdraw that KYC is mandatory. That is like scam, the casino owners are liars. This site is defrauding their crypto players if they implement KYC when they announced on their banners that no KYC for crypto players. They should hold and be responsible for their announcement or advertisement. If they intend to KYC crypto users, they at least remove the banner that advertises no KYC for crypto users first. This way crypto users have no means of resisting the KYC or have a point of defense against their terms. I agree that a case like this is more likely a scam attempt of the casino in luring crypto players to their platform. Most of platforms todays does have that similar terms which they would really be asking out some KYC if ever they would really be seeing some suspicious activity or what on which it would really be that a normal approach but if they would really be that showing off that they are that no kyc platform then they should stood into their words or ground and then when time comes that there would be some huge win then this is where they would really be altering out their terms and changing up on something like this then this site should be boycot and been thrown up for some valid accusations so that people or players would really be aware on what are the bullshit things that they've been doing. This isnt something that needed or we could really be having on this market. This is why it would be always ideal that we should stick into platforms which are known or popular rather than on risking on depositing on sites or platforms which are new but having these kind of behavior which is something unacceptable. |
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1073
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Bitcoin / Bitcoin Discussion / Re: How can we help to Bitcoin education?
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on: April 30, 2023, 10:59:30 PM
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Imagine if there was a thing, what thing? I don't know, just imagine a thing that people could store value, just like gold, and at the same time they could exchange this thing among everyone on earth without depending of any trusted partier. This thing is also limited just like gold, and it is so limited that there is only 21 millions available, but it is not a problem because you can buy literally only $1 dollar of it in seconds. There is no way you can just print more of this thing because there are thousands of copies of every single transactions all around the world. And there are also thousands and thousands of people that are building around this thing, discovering new technologies, searching for possible fails and improving it, writing about it, teaching about it, well.. Bitcoin is the thing.Any ideas to spread the Bitcoin education to the world?I'm making a YouTube channel to simplify Bitcoin for beginners, and also making daily threads on Twitter. Check my new thread - "Bitcoin simplified for beginners" and give me feedback:https://twitter.com/bit4uYT/status/1652713706738921472Actually just let recognition or adoption move its way but it wont really be that bad if you do make out some introduction into those people who do you know or inside your family on at least been spreading up the word in regards about its existence which it would somewhat be able to contribute in terms of recognition but of course even if we dont really be able to do such thing. Things would normally be flowing considering that we are still a decade old and there's still soo much room to grow because we arent that still been heard off totally. If ever there are people who do really make out some approach to you and asking out about Bitcoin then it is really just that right that you would really be telling them about the basics, the thing on here is that you shouldnt really be giving out some assurance that they would really be making money or profits because this is where you would really be blamed out on the time that they would really be losing up money and if you dont like for it to happen then its always ideal for you to explain out about its risk and the danger when it comes to volatility. |
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1074
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Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less
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on: April 30, 2023, 10:08:14 PM
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Why would you go arguing with them since you know is a blind argument?
You already knows the answers and i didn't expect you to go this far trying to make them believe bitcoin investment is more secure and is off from gambling. They knows already but wanting to pull out your legs to see your innermost answer but believe me or not there is no way in a day you could compare bitcoin investment to gambling.
Let say they gambles with $2k and expected to win $100k maybe after the day or the week, probably the game went against them and they lost a total sum of $2k is there any way to get it back from the casino? Obviously No because nothing to hold at that point in time, but what about bitcoin investment?
You may use same value and invest into bitcoin, is either the price will increase or decrease and if the price decrease all you need to do is to be patient for like 2 months or at max 1 year you will still get back same value worth in btc but increased in usd equivalent, that is to say you may have $3k increased but same fractions of bitcoin left still there in your wallet. Do not argue a blind argument next time!
Bitcoin investment has certainly a lot of advantages compared to gambling. While gamblers focus only on luck to gain profits, but investors are using their knowledge and developed skills so they can create more chances to make profits. So there’s no sense arguing and comparing bitcoin investing into gambling. The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works. Only by just using up with your own common sense then you could really be able to tell about their main difference, on which you would really be able to identify which one would really be that worth in speaking about making profits in long term which its of course would really be only possible with investment.Yes, its still risky but its not as risky when you do gamble plus its not really that an entertainment thing if we do pertain about trading on which it is something that you would be dealing up and would be needing to hold up whether for short term or long term according into your own plans and targets or goals with it. If you do want on to play on the safer side then investment is the right choice but if you do want some fun time and enjoyment without minding about the money that that been making use then gambling would be the place. Actually they do really have different function and different approach to be made off specially when you are really that comparing about their differences. |
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1075
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Economy / Economics / Re: What is your biggest obstacle to achieving financial freedom ?
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on: April 29, 2023, 07:55:43 PM
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One step at the beginning is a difficult thing to do, but it's not as difficult to maintain what we have started. Try everything, even if we don't succeed after trying at least we will get a very valuable experience for the future. Don't be afraid to start and try, because if we can't do that we won't know what potential is within us, besides that keep learning and adding knowledge to ourselves, it will really help us. But now I see many people who are afraid to start, that's what makes it difficult to move from their comfort zone.
Well, the answer is yes, those who are in their comfort zone are afraid to explore for more, they are not willing to move forward as the chance of losing or failing is what they have in their mind, or they are not willing because they are already satisfied with how they live their life, the idea of pushing yourself to find a much better way to improve your lifestyle is not easy as we mentioned but it's doable if you find the venue for your financial success. I share that same perspective in the sense of slow and difficult start, but once you manage to fill it up, maintaining will be easier, as long as you are keen to keep learning for more. Even though things like that cannot be said to be wrong either when they don't want to get out of their comfort zone and don't want to take further risks about what they are doing because it comes back to themselves. but if you still continue to apply a mindset like this then don't complain when we just stagnate in place. Plus, now that technology and times have changed, they should inevitably have to get up from their comfortable seats and try to deal with this, even if it doesn't have a big impact, but when we follow it little by little, the results will clearly be very different than just standing at the place. We have to realize that we are one step behind and we don't catch up for a short time, maybe we won't feel the impact too much, but over time we will be further behind and the greater the impact we will feel, and the worst possibility is that we obviously can't catch up because it's too comfortable not to get out. from the safe zone that we create ourselves. Something that needed to learn while trying to keep surviving in life, I like your point of view about being left behind as in the early stage you won't see the big impact but year by year and you did not do anything to improve and excel for sure it will reflect to your future and with the emerging technology that we needed to adopt it's about time to work more with your own progress. The comfort zone needs to be reviewed and try to explore for a much better opportunities that just sitting around and waiting to be grabbed. If we do really want to succeed then we should really be going that outside of our comfort zone, yes this had been a typical kind of advise on which we do always read but its totally true because if you are really just loving to stay into a place where you do feel up comfortable and having that feeling of contentment then you wouldnt really be wanting to make improvement when it comes into your life status. Well, we do have our own choices and plans in life on which there are ones who doesnt really care that much about progression and just really that contented on what they do have but most of us would really be loving in a life on having that financial freedom which is something that not all could be able to achieve on. Therefore, if you do target out on having this kind of condition then it would really be just that a normal path to take for you to get out of your comfort zone and dealing up with things which you havent tested out before. As long it would really be that something beneficial and you do see that it could give out some positive impact into your life then dealing and focusing on it wouldnt really be that bad but of course you should really be mindful that in every target or goals, there's always those obstacles which would really be on your way which means that you would really be needing to sustain. |
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1076
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Economy / Gambling discussion / Re: Never Expect Consistent Winnings From Gambling - A Lesson I Learnt.
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on: April 28, 2023, 10:52:41 PM
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...
Feel free to chip in your contribution.
Your acquaintance got a little carried away, he is neither the first nor the last. Sad story, in the end, he hit the bottom and it seems that it's difficult for him to stand up again. It's why "gambling just with the money you can afford to lose" should be repeated often, it's easy for anyone to get carried away after a nice streak of wins... but it's gambling in the end, we can make a profit, but we can lose a lot more than we have if we are not careful and we let the desire for winning big to blind us. And I agree, it's better to learn from other people's mistakes, but nobody is perfect and we all make mistakes... but if someone is "reasonable and normal" will not make a huge mistake just like that. This brings us to another smart saying "Think before you jump in", that can save us from many troubles. Mostly where noobs do usually fall out into this category on which on the time that they do get carried away then they would really be having that thinking that they could make themselves rich in no time. This is why their confidence would really be shooting up on the roof and having those beliefs that they could really do everything they do want, until the reality do slapped hard into their faces and telling that this isnt the reality that they are facing on but rather the opposite one, We know that we cant really be that lucky forever. You might be experiencing some winning streak for how many days which is unusual for a certain person but if it does really happen then its good but its better and be wise on ensuring out those profits before it would be losing it back into the casino. Regrets do always happen in the end and it isnt something that do happen from the start. Never ever make yourself that committing that kind of mistake just because of some wrong belief. Gamble on the amount which you can afford to lose, and if you do see that you are really that making some significant money then better to be wise on stopping midway and cherish those profits and never make yourself that too overjoyed which resulting into overconfidence. |
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1077
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Economy / Trading Discussion / Re: Day trading is perfect work for jobless peoples
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on: April 28, 2023, 09:47:12 PM
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It can only be perfect when the person already has experience for a year or more. And even so, day trading can still disappoint him when the market didn't go his way. The crypto market is not as friendly as having a bull run all the time, it has its bear market which is very unpredictable.
Nowadays you can see people saying the bear market is over but you will be surprised that after a week the price will plunge to $23k. (Just my example of an unpredictable market) Becoming a day trader is not easy so I hope they won't leave their job and focus on day trading.
Day trading may be promising and profitable but not all day traders are meant to succeed. Some are just good at the beginning, but eventually lost their enthusiasm once they incur losses and end up quitting. The reason why it can’t be reliable and sustainable as a single source of income. So if you plan to be a day trader, never leave your job and think that trading will give you everything. Even successful traders do not rely on it solely, so how much more for beginner day traders. We shouldn't disregard the fact that day trading is too risky so we can't consider it as a main source of income though it is undeniably profitable but it requires knowledge and full understanding. We can have it as a side job but not the only job that we should have unless we are well experienced and we're able to deal with the risks of the market's volatility. Having is formal job while doing it is still the smartest way to earn. For those people who do believe that it might really simple as it sounds, then let them be able to experience that bitter scenario when facing or engaging with day trade.This isnt something that anyone could pull on, considering that trading isnt really that just simple as it looks and sounds on where anyone could just simply decide and tell that they would be making trading as their main source of income or being that their main job. It cant really be just that too easy and you would be finding it for yourself on how it would really be looks like. Having no job and making trading as your option or your last resort might make situations even gotten more worst because this isnt a thing that you would be dealing up with short time and you could be able to get a good hold or learning from it. Of course it would be taking a long time before you could really be able to learn up well. You cant really just simply say that day trading is perfect for jobless people, yes if you could be able to sustain but starting up would be the toughest challenge. |
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1078
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Economy / Gambling discussion / Re: I am only trying to stay safe by gambling less
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on: April 28, 2023, 08:57:05 PM
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I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.
Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.
Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?
I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .
Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.
Both of you are right actually, because making an investments is also a gamble because we really don't know what will be the outcome. As if we know the outcome, will it still be called a gamble? Most probably, it's a hard no. But by the way, does arguing about this thing got any advantage towards their gambling and your investments? You guys surely have a lot of time to waste because this kind of argument is pointless and endless especially if neither one of you will accept that one of you is right and one of you is wrong. Gamble in a way that it does have less risks considering that you could apply some strategy or analysis into it, unlike when you do really gamble literally into those games been offered by the houses or platforms. We do really be having that fine line which we could really make out some differences in between things but i do really totally that disagree that investment or businesses are really that truly a gamble on huge sense. Yes, we are really that applying that risks taking since outcome or results arent really that guaranteed success but somewhat it is much more worth on dealing or establishing or involving yourself on this way. We know that leisure or entertainment things arent really or something that couldnt be described to be included on such criteria. If you are really that seeing that gambling is way too risky and you cant really just afford on spending your bucks through it then you would definitely choosing up on building a business instead. So its up to your choice on which one you would be taking into. |
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1079
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Bitcoin / Bitcoin Discussion / Re: Why gambling and mixing called bad actors in bitcoin
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on: April 27, 2023, 11:59:23 PM
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From my experience and observations, I noticed both Bitcoin mixing and online gambling using Bitcoin are mostly regarded as bad actors in Bitcoin despite both being the highest Bitcoin adopters and having the largest Bitcoin volume in transactions and services.
Secondly, if Gambling and Bitcoin mixing services are called bad actors, what about centralized exchanges are they also perceived as bad actors in Bitcoin?
Even on fiat world on which gambling does really have that bad image and this would pertains or in connection with addiction which is something that been highly frowned upon which it isnt something new nor shocking. As for mixing then expect that government would be always focusing about that money laundering thing which its no surprise but if we do look up closely on what are the things around then fiat is mainly been used with these transactions and they are really just diverting the attention just because they do simply hate it on the first place.This is why as an enthusiast then you would be calling these things as bullshit reasoning without even trying out to focus on what they are gonna supposed to do and minding their own business. No matter how bad it would be looking but still people on the community and its supporters do really look the opposite and this is why we do see on how it did able to sustain after a decades time. This is why government is really that too negative and keeps on sharing up that bad image about it. |
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1080
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Economy / Gambling discussion / Re: The madness of gambling addicts.
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on: April 27, 2023, 10:59:19 PM
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This is a miserable guy, some guys are committing crimes to support their family, but this guy is committing crimes against their family to gamble considering that this guy is mature, he should know better, his family cannot back him up because of the crime committed against them. This is not an isolated case, there are so many cases where the perpetrators are head of the family against their family and this is a big concern for the government because the family is an integral part of a country, the perpetrator is really out of his mind for doing this and this is one example if you are hooked to gambling and you are gambling excessively. Im not supporting any criminals out there but having some kind of act on where you are abducting your own family instead of others then there's something or wrong in your mind, im aint saying abducting other people outside your family is better but how could you be able to consider such act? How you would benefit through that? You are really just making family relations even more complicated if ever this one would be arranged out on which you had made out some history which is something that cant be forgiven by your family and relatives. You would really be finding yourself ending up into this condition if you arent really that good on handling your emotions and handling you your thinking about on how to deal up with gambling.If you are really that addicted then there's no way that you could be able to get out so easily without committing any criminal acts just like this, because on the time that you do saw that you dont have money to be spared or make use of on your gambling activity then this is where your last option or resort would be. |
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