Unless you are talking about poker or a similar game then it is impossible to make money long term in gambling, that is a reality we must accept, those that are looking to make money in gambling will lose more money than they can afford, this is why the common recommendation in the forum is to gamble with moderation.
Poker game is not really easy as well to make money in the long term. Some player are good to play in a poker site but not everyone can make money from a poker site. It is hard and as hard as usual luck based game. I dont think it is profitable even for poker player because many poker player lose than win I think poker needs practice and it is not like dice or slots where your skills dont matter at all. Poker is an EV+ game after all and thus the players skills are important in order to out-play that opponent. Then in dice you dont need any skills other than being able to roll the dice. If you are thinking of playing poker then make sure to practice it online or offline before you actually play it anywhere in a casino. A poker game is really the best example of gambling that involves a great deal of skills in order to win most of the time than losing. The rest of the games that doesn't involved any skills are games based on pure luck and is very risky because you can't have much of a control over it versus poker. |
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The most important aspect of trading is buy low, sell high.
If you get into the habit of panicking, then you will inevitably sell low and buy high.
This is NOT what you want.
If the price drops and you think about selling - just don't.
Wait until it goes up again, and you will profit.
The best thing to do when you see that you are losing from your trading portfolio is to take a break and just check it not too often so your emotions will not be so active and you will not sell your coins for a negative profit. Just keep a lot of patience in yourself so you can have a better trading performance and if you do have some losses then take some lessons from your losses and treat those as a lesson. We are just humans and no matter how we have these pre-planned trading, emotions tend to be over above us. However, the more we do trades and teach ourselves to control that emotion, we tend to master it can just focus on the trading game plan. |
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For us traders, miners, signature campaign (bitcoin users) this will be very difficult to have a fixed income, but we just need to try our best to take advantage of opportunities that exist, whether through treding, mining and signature campaigns. Because of that we can get above average income
i think only from signature campaign we have a steady income while it is not possible from trading or investment, because from trading and investment some time we get good profit while other time its not possible therefore i think steady income is only possible from signature campaign where we mostly get a fixed profit from signature campaign. For fixed income is indeed just a promising signature campaign. But if we are lucky in our trade every day can get it and for investment is only for long-term income. Yeah right signature campaign is surely and long term income but make sure that always joined to bitcoin signature campaign. Moreover, investment to business is a good idea for stable income. It's not good to rely on it all the time, you should grow while you are staying here and any amount you earn is worth saving for because we are not earning fiat here, even if we joined in a small paying job we can still save that as surely the value of bitcoin that we will be holding will significantly increase in the future. Holding bitcoin while hustling is the best way to go. What I mean by hustling is that, we will invest it or use it to trade other altcoins with the goal of growing it in numbers. This is good if we have some time or free time to perform this however, if we lack time, holding is pretty ok. |
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well the most part of it are the losers since house wont survive if there's more winners than losers but indeed dice is the easiest game any gambler can play without additional skills, since dice is just a matter of luck you cant depend in any strategy that will be available aside from your own combinations
of control over your luck.
Dice is not really the easiest because there are other game that pretty much the same as dice. Most game are luck based that is why it is easy to play. Some people prefer game like sportsbetting because they think they have edge over the game because of some tiny analysis which is pretty much delusion Dice is the easiest game to play but not the easiest way to win, the house edge alone regardless how small it is, is the only hindrance for us to win in the long run. This kind of game must only be played for fun and you have to put just a little amount of bankroll to enjoy because it will never gonna give us a chance to win in the long run, skilled based games are the answer. You are so true with the skill based game as the answer to the best long term profit in so far as gambling is concerned. Skill base like poker needs a lot of good skill to win. However, with games that are based on pure luck, better play them with money that we can afford to lose and just for fun and entertainment. |
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I dont know where to invest bitcoin. I once invested in ore-mine, but ultimately a scam. Since then, i prefer to gambling with a profit target not too big. I think it's better.
There's a lot of legit websites where you can invest your bitcoins. Do you ever try to trade alt coins? Have you bought an alt coin that is popular like ETH or XMR? This is a good type of investment just like the same in bitcoin, you just gotta hold it and wait for that coin to pump. Altcoin investments are nowhere near as simple as you are making them out to be. A lot of people burn themselves by walking into alts with that attitude/belief. Not all are burning themselves, haven't you seen that many are relying to alt coin investments. The same luck being applied in bitcoin, thinking that those alt coins you will buy has the possibility to increase and make some movement in the future. Indeed when you pick randomly altcoins as your investment it is no different when you gamble. As you are just make a guessing without a clear and reliable analysis from various sources. Investment also should be done in the long term , and it is offering bigger interest/profit. So it is fair enough to say investment ia a better choice. Yeah picking up those coins that are about to be de-listed from everyone's list surely gives you a gamble. Holding bitcoin for better will always be the best choice of all, this is a very good choice for those people who are holding bitcoin and treat it as investment. But some will always choose gambling, it's their life, you know. at the of the day, it will be each individual's decision to whether or not hold their bitcoins, gamble, invest, or trade them. It really depends on ones risk appetite. |
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there is one solution for it. HODL. if you hold any coin you 100% will make profit and make more money.
This is the most conservative and less risky move. However, when we hustle while we are holding some of our bitcoins, we will have a more potential of earning more than just holding. But to be honest, it will be each individual preference. |
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everyone makes silly decisions but you have to remember to zoom out and get perspective for each trade.
If you have made a big loss then dont trade the rest of the day, go and take a walk or whatever
Having a break if you do experience loss would really be okay because we would ease up the pressure we do feel because of that sad results. Managing emotions would really depend on our self discipline into things that we dont expect. Control would really be crucial here because you once lost it then you will end up on making foolish decision which would really make the situation goes even more worst. I agree with you that having a break is one of a good way to manage emotions in gambling and even in trading.. I think the proper time to have some breaks is when times that we have just done a gambling session or just made a sell on trading and not during the process. |
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It is a great idea. I'd love to do that but sadly, there is only a few people know about bitcoin in my country and therefore, I do not think that they will know how to use and receive bitcoin as a gift. I can give them the paper wallet with private key, but I can ensure that they will never know how to redeem the private key in a wallet.  I think and I believe that if they will know the real value of bitcoin, finding and learning those basic information about bitcoin will be very easy especially if they have just in possesion a bitcoin or more  |
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I am really glad, I learned a lot on this thread alone now I can play "safely" with altcoins and trading without worrying so much. One thing I learned here is don't trust your emotions, just be patient still learning though, need to read and read Everyday is a learning process, I/we learn from our mistakes and from our experience we lessen our mistakes and make good decisions in trading. Yes, patience is the key and Bitcoin is worth the hodl. So hold and make more bitcoins for this will change our lives in the future. Utterly agreed! The bitcoins are the future of the world. Giving up on them just under negative and doubting the future of bitcoins is the silliest mistake one can ever commit in trading. Yeah! Holding onto bitcoins will never let you regret. They have a massive support and brilliant future. We should grab as many bitcoins as we can to have a bright future. Yeah and right now the prices will increase due to the end of all the controversies about bitcoin's possible forks. Everything about that has been settled now people can totally rest assured that their bitcoins will remain "bitcoins" and not fork to different kinds of altcoins. I am really hoping that mcafees prediction will come through though. $500,000 is the time I will sell. the price of bitcoin is in fact now increasing, we can see that bitcoin price will cross 4000$ level very soon. therefore i think we should try to invest money in it or at least hold our bitcoin for the price increase it is expected that at the end of this year bitcoin price will cross 5000$ level. Well now this is indeed a very pleasant for most of the users of the bitcoin. Now that this price is very high and provide the bitcoin many advantages for those who've used it for a long time indeed, but of course we must continue to have better plans in the future, because bicoin will not only be in the same point like this, certainly in the future will be in the bitcoin point which is much larger than it is now. Prepare yourself and expand the ammunition I have received an email before that a certain expert is predicting that bitcoin will go as far as $10,000 each. If it does and we just keepon holding our bitcoins and accumulating more, many ordinary people will get rich in due time |
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Fun should be the primary objectif of gambling .
If you think you'll make a living out betting you're on the wrong path .
The ratio of people that became rich out of gambling are less yhan 1% worldwide and they had that kind of luck that comes once in life !
Yeaaa that's true but you know that 100% purpose for having fun in gambling is like bullshit. Doesnt really makes sense when you have no money purpose inside because of without money you cannot even feel happpy and excited in gambling. I believe mostly come to casino for money , for profit rather than for fun only. of course we need to use some money in order to gamble but we make it sure that that money we are using as our bankroll is money that we can afford to lose because if it not, then it will be very frustrating when we are going to lose. |
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I will give the bitcoins to my as a wedding gift, if my friends are comunity of bitcoins or they know about the bitcoins
and know how use bitcoins, at least they know how to sell the bitcoins on the markets,
but give bitcoins to the people who don't understand what is bitcoins, it will not be appreciated, it will be considered as
something useless and i don't want burn my bitcoins.
I think when people or the newly wed couple, who have no knowledge at all about bitcoin, and you introduced it to them, there is really no hard sell for that - you just tell them the current price of bitcoin and they will find it out themselves how to use it and of course they will truly appreciate the gift |
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Gambling is so addicting because it gives opportunity to earn money fast and easy in short time only and makes money instant. It is addicted because many people hoping to win and wants to more winning. Gambling gives fun and profit this is what people wants in gambling, and its profitable. It is always chances of winning and always gives a good value. Everyone is free to gamble that's is why gambling is so addicting.
Indeed! It is mainly addictive because it offers great capital within short time. People are now a day madly after shortcuts of becoming rich and casino owners know this well. Just by showing great amount, they make people chase it and in this course they mostly lose what they had and they play again to get it back. This is the reason why gambling is so addictive. Too good to be true , that is what gambling offers to you everytime. And people get lured with it as always because of their greedy. Gambling will always leading people into something crazy such as stealing , break with your wife etc. Mostly gives you bad news. Not just gambling leads to bad things, only when getting addicted to gambling these are all happening. You need to notice, both professional gamblers and newbie gamblers are not suffering by gambling problems because they are not addicted to it. When they start addicting to gambling then all the negative things will be happening to themselves also. When we are just gambling with money we can afford to lose and just for entertainment and fun and not for profit, then gambling can be a good way to release stress and feel ok after a hard days of work. |
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If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
I don't think so, unlike trading, gambling is basically based on "luck" or some kind of things we call "probably fair". We are not controlling them, we don't know if someone is controlling them so that we can not make sure we can earn profit everytime we gamble, can't make it profitable for long term. No one control it because it is random. It is just people like me that is unlucky that is why I cant win. Sometimes I hope that I win but I cant win that is why now I only play for fun. When I play for fun, I only want to have fun and I dont care if I win or lose that is why this is the best way for meto keep playing even if it is not profitable In games that are based on pure luck, everything is at random. No matter, how experienced you are at playing these games, there is really no guarantee that you are going to win. Unless the game needs some sort of skills like poker games. |
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There are so many ways to make more money, even in today's modern times. Internet can be counted on to make money, for example from advertising business. Especially about cryptocoin, we can make from trading or become participants in this forum.
There is really a lot of ways to earn online. In fact, I earn all of my money for a living through online. I work with clients and on the side, i do signature campaign and some affiliate product promotions. |
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you can work and bitcoin at the same time. and if you are success full you can start mining bitcoin. or join many web site. then invest or start a business. their is a large market of bitcoin reading cod help. . . actually want am starting bitcoin i have no idea what am doing. . . i sign up many web site and their small earning then i try gambling its not worth
mining Bitcoin in today's market is not ideal unless you have a huge capital for the investment of necessary infrastructures, manpower, and technology involves in Bitcoin mining. The competition is so strong and you need high-end technology in order to compete in the market and high-end technologies come with high-end dollars for investment. I agree with you. Mining has become very expensive and difficult. Equipment for mining costs a lot of money and pays off for several years. But you can invest in cloud mining. And you can profit from it and avoid many problems Just be aware of these cloud mining sites because there are number of them that turns out to be a scam sites - there were sites that used to be so popular few years ago but it turns out that they are really just a scam site. |
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I don't know why but I always get a feeling to gamble, after then losing my money, I quit for some time and then continue, but I know I will lose my btc  Why is it so addictive? It's addicting because it gives increases your pride for yourself. Whenever you win it boosts your pride and make you feel proud of yourself. And, at the same time it gives you an extra income if you're winning. It's fun to gamble but once you get addicted to it, it's hard to control it. Even when you're losing, you still want to come back and play some more. It is still addicting even if you are losing. I experience before that I am losing already but I still wanted to play, the reason is. I wanted to get back all my loses. Which is not good because I am just losing again, and I am just increasing my loses. While a person is losing they would want to win back profits. This does not work out well and on the contrary the person loses more money and thus the losses keep stacking up. Best thing is to forget about losses and not gamble anymore if you want to get over the addiction. If you keep playing more and more then its going to be the same for everyone. I agree, and I am so lucky that I've already realize and forgot my loses just to stop my addiction in gambling. As of now, I am saving my earnings from my hard work and also I have save some of my earning from my previous job. I am lucky that I am already get over with that. Good for you mate because majority of gamblers really want to chase their previous loses and that aggravates gambling addiction. If we just play with money that we can afford to lose, we can easily get over on the loses and move on versus money that is painful when lose. |
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It means you have not developed your skills to trade professionally and you are not putting trading money management principle in place. Most professional traders has eliminate emotions by treating loses during trading as part of trade and their do trade with by putting strong principle on the table.
Trading professionally simply means that a trader have a well defined trading plan and which he follows religiously, more or less like trading mechanically except that he is able to react to different market conditions, understanding the place for adjustment from time to time. And they can understand the mentality of trader on market, the different beween crypto market and other market as Forex or Stock is the price of crypto most depending mentality of trader, so if you can understand them, you can "control" the price as Whales and earning good profit every day. the thing also to look at cryptocurrency trading is that it is not really regulated at the moment so insider trading might happen. Hence, the risk will be there but as of the moment, we can really trade based on analyzing traders mind and potential shark next moves. |
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If this would be the wedding gift of my dudes, I will get me a wife directly  I think it is totally fine to make a bitcoin present Same with you I think bitcoin is a perfect gift for couples. It is like they have a starting money for everything they can buy their stuffs and all that. I guess it is a good start for the newly wed. If they don't prefer bitcoin they can convert it to physical money. It is indeed a cool gift and an unusual gift to the newly wed couple. People who have no any idea about Bitcoin will definitely puzzled and think that it is just an ordinary gift but when they will going to know the real value of it, they will surely want to get some as well |
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Gambling become addicting specially if you always win in a bet. And the more you win and take the money the more you want to gamble. You become greedy and Once you lost you will be eager to win and take your money back.
Everyone wants to win and if someone keeps on winning then it might be a reason for that person to keep coming back. However some people gets triggered once they lose that is another reason for people to keep coming back . Some people just dont even know when to stop when they have already lose alot of money i agree gambler become addicting first play in gambler its only fun or relaxation but the gambler he/she earn easy money that's the starting to become addicting its the same in addicting in smoking first corousity why people smoke and then taste it until become addicting. Everyone come and play to get some money not to have fun. There are difference between having fun and wanting to win . Most people come to win and get some money , when you play some game and have a chance to win some money then that become fun but when there are no money involved then it wont be as fun as they think with gambling, the money involved can really add to the thrill and excitement. However, when we get too emotional about it, we may hastily bet big amount of money that we can't afford to lose because we are driven by that exact emotion - hence, better to just play for fun, of course with your money as bet but with money that you can afford to lose. the main reason that make it really interesting and thriller is the involvement of money. i think if we do gambling without including money in it and do it just for fun then ofcourse our intentions are different and ofcourse when there is a involvement of money our intentions are different so, i think the involvement of money makes it interesting and exciting. that is true but just make it sure that the money you put in, shall be money that you can afford to lose at any time because otherwise, it will be very frustrating if you will going to lose with the money you can't afford to lose. |
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I usually sell when I have enough out of what I invest.
Like if the price is good for me I will sell it, no doubting about it.
And right now is the best time to sell.
I agree that right now is the best time to sell because people are getting greedy to buy bitcoins. When they are scared because of some market price changes (which happens from time to time), it is high time to buy bitcoin |
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