I do not play lottery, but my dad did for almost 15 years of his lifetime. He has a set of numbers that he was "taking a good care of" and it was composed of the combination of every member of our family's birth date. It became a routine for him to bet on it everyday after his work. He spares an amount everytime for lottery because he has this thinking that he might win one day and become and instant millionaire. I view it as a desperate move because he can just save and invest instead, but resorted to an 'easy way' which is hoping for the best and relying on pure luck. Good thing is he quit already. Perhaps he realized that it was somewhat a waste of money on his end because he barely won anything during that 15 years.

Self-control stems from being disciplined. If you have a good upbringing, it will be much easier for you to limit yourself to the things that you need to do, want to do, and shouldn't do. Boundaries makes a whole lot of difference when you are gambling. This is why if you don't possess good character and discipline, you must think twice before entering the gambling industry because it isn't for the weak. If you will be easily swayed by enticing promotions, campaigns, and winning prizes, the chances of you losing is hogh because you might do things that are beyond your capability. So as much as possible, practice good gambling habits and do not play in an aggressive manner.

I agree with this. Having discipline and right mindset will definitely help with how you will navigate the gambling industry. It can be your edge the money you start betting and playing. And the lack thereof can be the cause of developing bad gambling habits that can eventually lead to addiction. It's not easy to build and have a continuous, healthy gambling habits so you must really follow your limitations to establish a routine that will work out for you.

If you ever feel exhausted, taking a break can help. The moment you feel overwhelmed of winning or losses, you can always pause and re-assess yourself on what will be your next move.

Gambling isn't all about luck. It's a combination of skills, knowledge, strategies, and luck altogether. It won't really work out the way you want and expect it to be if you will only possess one but not the others aforementioned. If you want to engage in gambling and be successful in it, you should do your best to stay updated with the relevant news especially if you are into sportsbetting, dive into different and techniques, and experiment little by little to achieve the result that you want. It doesn't take an overnight process only to master gambling. It takes practice, first hand experience of the highs and lows, and of course determination. Luck alone won't define your destiny in gambling unless you are playing luck-based games.

This is on point.

In gambling, it isn't really guaranteed to make a win everyday. There will really be times that you will have high, low, and no profit at all. With this, it's important for an aspiring businessman with loaning as business to think of ways on how to manage the risk of not being paid on time. There shoulf be some sort of collateral damage that could be taken if ever worse things happen. Although I'm not really in favor with this kind of business, but I guess to each his own. If you really want to pursue this, you must be open to every possibilities. You must have a back up plan to keep your business running and profiting.

I have the same sentiments with you.

I don't really believe in new year's resolutions. For me, you can always change for the better, make, improve, and learn new things at any time of the year. New year, new me mindset irks me so much. Some people make new year's resolutions and not do it anyway because most of the time they expect so much from themselves that it's becoming tedious and hard to accomplish.

Whenever we set a goal, it's important to identify first if it is feasible. Start small. Do not go beyond your capabilities. If you want to eventually stop gambling, start small by limiting your gambling interaction then later on, totally cut it off. You can always do it even if it isn't new year. New year is becoming an excuse to have self-improvement when in fact you can do it anytime if only you want to and you are determined to do so.

It will really have a bad outcome if you will just gamble because you are forced to do so. Anyone that will play or bet out of their own will will have lesser chance of winning because they aren't doing things wholeheartedly. If it isn't their cup of tea and is just influenced to gamble because of the winnings without knowing really anything, it will result to chaos such as having multiple failed bets and loss of fund altogether. Which is why it's important to assess the risks and to manage it the moment you found about it.

It's not necessary that you are very skilled and knowledgeable, while it can be an edge of course especially if you are going to play sportsbetting. If you are only going to play luck-based, you don't have to possess much of skills, rather just have very much luck on your side and strategies. Willingness and determination to gamble and win with the right mindset will come a long way. Greediness will just cause hitting the rock bottom, so be sure to be disciplined.

I agree with this.

Interest will keep on piling up if you borrowed it from a loan shark or a loan app. They offer high interest rates which will make it hard for you to pay it in full immediately. So you should really think twice and be wise when it comes to money matters. If you do not really need money for urgent concerns, I suggest to avoid borrowing money, especially if you will just use it as your fund in gambling. If you are thinking that you could double that and then pay later on, sorry to burst your bubble, but winning in gambling isn't guaranteed. If worse comes to worst, you'll have a hard time paying back the money you used in betting which could place you in a tough time since it will have high overall amount due to interest per day/month.

If you knew before lending money that you really need that money, you shouldn't have let him borrow it from you. You don't have an obligation to your friend. Whether it's your close friend or even a relative, you shouldn't feel guilty or responsible of lending them money especially if you also need it. Remember, you should only lend what you can totally afford to lose. Once you lend your money, there's no guarantee that a person will pay it back despite having a deep relationship. And this is the reason why I ignore all money borrowing matters.

You can't really trust anyone, but yourself. It's better for them to be mad or resent you than you resenting them because they can't pay you back. One more thing, once you lend them money, if they fail their obligations to pay it on the agreed date, trust issue will form and it might even destroy your relationship. So be careful next time around.

I agree with this. While it is possible to do so, it will be a tedious task. If you have many resources at your disposal, it can be easier to accomplish, however, despite having many funds, of course, winning won't still be guaranteed. You will experience many losses first before mastering and learning how to do things properly when it comes to betting and playing.

But I don't really recommend it especially to those people who aren't rich to begin with and has mouths to feed. It will still be better to have a stable source of income such as having a day job that have a decent salary to sustain your necessities and your family's as well. It will be hard to have earnings just by doing gambling, what more saving for the future if you only have limited resources to stake.

At some point it occurred to me. I wasn't really knowledgeable about gambling way back and was just enticed to try because there have been so many good feedbacks from those who tried. But unfortunately, it didn't work out well for me. It became an expensive lesson learned. There were times before that I had regrets that I trusted someone's judgment, but of course I do know that I'm still the one responsible for my own decisions. Eventually, I accepted it and was able to move forward by thinking that money can be earned again, what's important is that I experienced, I learned, and I decided to do better in the future. No more resentment or any bad blood towards the person who introduced it to me.

There's no need to use stop loss if you're watching your trade or you're using a low leverage.
And for the 100% positive, there's no such thing like that. Your confidence might be 100% but the market is always unpredictable, so there's no way to tell if your trade is going to be profitable or not. The best way to use stop loss is when you're not watching your trade, like you're going to do something else.

Trading is for the people who are risk takers, that has strong will, for them to do whatever it takes just to pursue the trading career they wanted.

It's not for the rich only, I believe it depends on what kind of person are you. Most of the newbie traders thinks that a little capital means little profit, and they don't want it, and that's wrong. No matter how big or little your capital is, as long as you're making profits most of the time, that's what most matter. In no time, eventually your profit will make your capital big, and that's where your big profits will start.

Don't be discourage because of how little profit you could accumulate at the start, trading is not a race, race at your own phase until you get where you wanted to be.

Probably to invest more in Bitcoin to accumulate more profits for the next bull run or all time high.

It is important to maximize profit as much as possible. I don't save my money in the bank, whenever I have an extra money, I never hesitate to put it in Bitcoin. For sure, when bull run will start to happen, many people will regret not buying Bitcoin, or they will buy at the top and start regretting and will spread FUD when bitcoin's bull market stop and bear market starts to happen.

Congratulations to you OP if this story of yours is true.

Mine was having a shitcoin airdrop way back then, that's why I didn't bother to sell it that time. Way back 2018, its price went up to a decent amount, but it's not that big, I sold it for around $500 worth of Ethereum. I was so happy with that since it was just an airdrop. I don't know how big was your fund collected from your old account or wallet but I'm pretty sure that was a blessing in disguise.

I saved it offline, and also keep it secret physically using morse code so it wouldn't be obvious just in case someone I know here in my house see it accidentally.

Casually writing it word for word in a notebook will make it more dangerous if you misplaced it and someone saw it and tried to log in using your seed phrase. You just have to be extra careful and never forget how you will hide your seed phrase from everyone, except to yourself. Like what others said already, storing it online would be the worst idea ever.

Sure it is.

But there's a condition for that in order to be the key to success. Investment is not just about putting your money in an asset, or anything that will give you money in the long run, it is also about discipline, and how you will manage your profit and holdings. If you're the kind of person that will eventually do some panic selling or always selling your holdings just because you wanted to buy something you want, then I'm afraid it ain't gonna last long before you could sweep all of your hodlings.

Hyperinflation, is a most noticeable sign that the economy is in the worst situation, the reason, well the one that I can blame is a corrupt government, wars (any kind), because all the government and rich people wants power, in a bad way.

That's why this world where we live in will never have the peace and success that all of us will attain, because we have different goals, and most of the powerful people in the world just wanted to show how powerful they are that they can destroy a country just because they wanted its resources or anything that will benefit them.

It is, but not for everyone since others can't just afford it.

If you're making a more than enough money in your job, then getting an insurance, whatever kind of insurance that you need is a good move for the long run. It will save you from an emergency when you need it. However, not all insurances offer the same services, others are just going to give you headache when you want to get it, because for example, someone in your family died or got in an accident, which cover in your insurance.

I've purchased something I need but there's no need to sell a portion of my bitcoin holdings. That's the one mistake other Bitcoin holder's make, they put all their money in Bitcoin hoping they could earn money everyday to sustain their daily needs, which for me is not a very good kind of plan.

It's always better to find another source of income, for your holding to remain in your wallet for the next bull run, and not selling it little by little just to survive in everyday lives. It's better to hold it for the long run, and not just short investment.