Of course you are correct because that has been one of the factors that has been luring many people by joining gambling on a daily basis because there mindset is that gambling is the easiest way of making money without knowing that gambling doesn't work that way, but however gambling is like the more you feel you can win that's the more you are losing.
Because just like what happened to someone last week on a betting shop, he saw a game that he believes is going to play and he was so confident that is going to win, so he put all his money on that single bet with the intention of wining big but little did he no that he was making a terrible mistake by putting all his money on a bet, so however at last he lose the bet and became very upset considering how he just lost all his money because of greed.
It's really a tricky situation if you will be so confident. Although it's not bad to be confident, but we should always take into consideration different things such as analyzing the situation and the risks that come with betting all in. Once you bet all-in, you should be aware that you can either profit big time or lose big time. You shouldn't be complacent and nonchalant especially if you know that you can't really afford to lose money that big. Impulsiveness is one of the recipes of disaster. Instead being so proud, try to humble yourself and think about all the possibilities. Weigh the pros and the cons first before making a decision and executing it so you won't have regrets. |
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Nothing.
It will be left untouched if the solar super storm would happen (let's hope not). Without the internet, that would be basically a forced hodl of our Bitcoin, and that's a good thing to avoid panic selling, though it could be still a disadvantage for some people. Not just Bitcoin, the majority of the society will become useless without the internet, so let's hope we can figure something that could prevent it from stopping our internet just in case.
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I, Satoshi Nakamoto, decide to come out of the shadows and tell you about how I created Bitcoin.
The idea was born in 2008, when I was thinking about the problems of existing financial systems. My plan began to take shape and I decided to use the pseudonym Satoshi Nakamoto to preserve my anonymity.
The first lines of code were written in early 2009. I set out to create a decentralized system free from government and bank interference. Mining, blockchain, cryptography - every element was carefully designed.
The first transaction in Bitcoin's history - a transfer of 10 BTC to my own address - occurred on January 12, 2009. It was a small step for the blockchain, but a giant leap into a new era of finance.
Over time, the community began to grow and my role as a creator became an increasingly incredible legend. Today, having decided to step out of the shadows, I'm sharing this story - a story that changed the financial world.
This story already exist in the internet since Bitcoin was made, no need to reshare it. Satoshi Nakamoto, wouldn't even bother flexing himself or his creation in the public, without any valid reasons. He/them, decided to went anonymous for a very long time now for his/their own reasons and we don't know why. We're just glad Bitcoin exist to help us in any way possible in our daily lives. Some people here always claims that they are the creator of Bitcoin for clout chasing. |
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Hodling would not be a smooth sailing if you didn't prepare for it or if you put all your money on it and you don't have any source of income, since what you thought was you can earn everyday once you invested in Bitcoin.
To maximize your profits once you invested in Bitcoin, a long term hodling is a must, that's why you need another source of extra income therefore you would not be force to sell your bitcoin hodlings as much as possible.
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I definitely agree with this.
Investing your fiat in Bitcoin rather than keeping it in a bank is more profitable in the long run. Saving in the bank is the traditional way of "saving" money, the majority didn't know that doing such thing is a way of making someone take advantage of your money to earn money by making a loan, etc. For me, cryptocurrency is safe from inflation unlike fiat, the only thing that's risky about it is its volatility.
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If your ideal business will cost you $20,000 or more, invest your $15,000 in Bitcoin, not into a smal business, because that's more risky in my opinion.
It's all about waiting game when you bought Bitcoin right now, or you could do something else like find away to earn money until you save $5,000 to complete your capital for your ideal business. It will depends on a certain person which option he would prioritize, on certain circumstances as well.
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If I have a friend who a gambling addict, I will stay away against them and might cut off our relationship. Why? no one can change except themselves, if they're a good people they wouldn't become a gambling addict, as simple as that. So having a relationship with them might drag myself to become them or they will keep asking money because they already lose it for gambling.
It's a bit harsh to outright do this, but if this is what will work for you, then do it. Your mental health matters more than what other people will say. But if I were in the situation, I will reach out and do my best to encourage my friend to get away from gambling and seek rehabilitation to completely disassociate himself in gambling. This way, I can show my concern as a true friend. I won't easily distance myself and rather try my best to let them be enlightened. For me, it's important that I at least got to try before completely giving up. That way, I can say I did what I can and will have no regrets such as having what if's and what could have been's. It's true that they are the only one who can truly help themselves. But they also need guidance and support from those people that surround them. It's much motivating to recover if there are people cheering from you after all. Just learn to set boundaries of course. If you can't provide financial provision, then just give them moral support instead. Never ever lend them money because that's like tolerating their behavior. |
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no and never , I only play depend on my luck that time , meaning I will bet starting smaller roll then upon moving I will depend on mny winning amount , either to extend the bets or lessen more.
expecting how much to win will only brings frustration and also you will end up chasing your losses.
try not to become one instead just go with the flow with your gambling activities.
Basically, even though you are betting with only a small amount, some precautions must be applied to your gambling such as your loss limit, and you must be able to stop if your loss has reached that limit. Do not think that it does not matter because you use a small amount only, because logically even though the amount you use is small but still if you do it several times a day it is clear that the total is also large, so I hope you can consider it and find a good enough alternative to avoid the amount of loss that is getting bigger. On the other hand you have a pretty good understanding by realizing that gambling is nothing more than an activity that always depends on luck, I agree with that and indeed it has become a fact that indeed gambling is nothing more than entertainment and the final result always depends on how lucky you are at that time. Now in terms of expectations we also have to be able to control or manage them, because as you said that all final results always depend on luck so that means you should not put excessive expectations on winning, because obviously you will never know what the final result will be, and if you just put high hopes but the final result always loses then obviously it will only frustrate you, that's clear. I agree with this. Everything should come with limitations. It's not enough to have a money to spend in gambling because money can run dry when you use it irresponsibly. You should have a budget allocation intended for gambling and abide it. It will serve as your guide and your control for spending so you won't go beyond. Even if it's just a little bet after bets, once it accumulates, it still account for a specific amount that could be a big one once you surpass your boundaries. So it's really important to have self-discipline and have a logical analyzation everytime. Gambling needs combination of skills, knowledge, and luck. If you have those plus the fund and self-control, you're most likely to have satisfaction with how your plays will turn out and you will surely earn some on the side. |
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The only thing that I can sell my properties for is Bitcoin, selling your things to gamble is sure to end in disaster for you, because you are betting all that money on luck, I can see that the man in the story of OP is a greedy man who only thinks for himself, that's why he won't listen to his family, they must have been telling him to stop for a long period of time before they decide to print out his photo and spread it around to make him stop gambling, the family are trying to safe themselves before the man causes more damages to their lives, my parents used to say that a gambler as a son is a lost son, as they believe or due to the past experience they have with gamblers, they believe that the son will sell everything for gambling.
Someone said this family went too far but I don't see how, if they don't stop him first he will do harm to them too, for someone who only have a house which he and his family are residing decide to sell the house so that he can gamble, where did he except his family to stay? On the streets? If he is living alone and he decide to do this to himself its better, maybe he want to sleep on the street homeless, but he shouldn't put his family in the same suffering.
I can't imagine the pain the family must have went through, this is a disgrace for them, it's a big shame and when they move out of their home every morning, they will have this feeling of embarrassment in them, as if people are all talking about them, I am sure that they must have use everything they know to make this man stop but as always, some gamblers always went too far, such people shouldn't have become a gambler from the beginning.
It's really a recipe for disaster if you will use your hard-earned money from your day-job and the money you generated from selling your valuable things. This is because in gambling, winning is uncertain. Anything isn't guaranteed. You might win today and lose big time tomorrow. No one can truly predict hundred percent what the outcome will be. Which is why it's necessary to gamble responsibly and to gamble with discipline. Moderation in betting and playing is essential so you won't get addicted to it. Because once you get obsessed with gambling, you will crave for it until you can no longer control your urges to play and spend. If your family will go to an extent that will make you feel shameful, most probably it's because that's the only thing they can do to make you stop. Although I'm not really condoning that kind of act, especially threatening the casinos, but they might have been so desperate to help you quit gambling if that's the case. And it's so awful to witness that, I hope addicts will realize how much of a burden they are to their loved ones especially if they can't take after themselves. |
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OP are you going to involve the government of your country about this or just you? I think it's not safe to start such business of lending gamblers money because
1. Most gamblers won't pay back what they own when the amount is too much, and if you threaten them too much you won't be safe either, how many stories of people killing people to avoid paying what they owe? There are many stories like this, and been just you doing this you can lose your life.
2. If something happens that involved the law and authority you will be at fault and they can charge you because you are not registered as a lender, there are standard lending business in the world today, so make sure you get a license and think about good security for yourself.
I don't have Interest in such business because I have seen lenders going through the stress of looking for debtors that refuse to pay the they owe back, some will run off leaving one country for another and you will have to put them on manhunt to get them arrested when they are in the public, if you think you can handle it you are free to do so, but be prepared, gamblers know how to owe a lot of money, most of the ate living a miserable life so they don't care.
I agree with this. It's such a complicated thing to deal with. Might as well find other source of income that doesn't involve much stress and risks. It's better to have a business that you can plan and organize with your knowledge and not bother about the safety and security. Because it's really risky if you are going to lend money without permit, you can be fined and be jailed, even be a subject for murder because most people do not really want to pay. You want to prioritize your well-being above all else because you will no longer earn if you are already six feet under. It's also bad to take advantage of other people's weakness. Like what you said, it might indeed backfire on you, unless you will ask them for collateral damage with the same amount of the money they have borrowed. But I guess, to each his own. If ever you really want to pursue that kind of business OP, make sure to have it documented and be legal. Pay taxes so you won't be working in the shadows and you can file for claims in the court if things go south between the debtor and you. |
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Most streamers have paid partnership with the casino they are promoting with. It's most likely that the money they have on their gambling account is purely sponsored by the casino so they can play and showcase what it is like to bet and win more often. It is one of the tricks they have up on their sleeves so that people will be encouraged and be curious about what it feels like when you are the one playing and betting into the platform. Some of those newbies, most likely they will be pushed to deposit and try it themselves because they witnessed how good the winning might be during streams. It's the sole purpose of having those livestreams after all - to gain audience and to gain potential recruit of new players. Additionally, the streamers will likely earn from referral links or codes to be used by the players. So it is a win-win on their end: they get to play without spending a penny, they get paid, they earn from referrals, and they earn from the views generated in streams as well. As a bonus, some players even give them a reward or donation.
This is why it's important to discern a situation properly so you won't be tricked into something you can't commit into. When it seems too good to be true, it probably is.
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It's a good thing that this works for you. Unfortunately, it doesn't necessarily mean that it fits you, it will have the same effect to others. Although it's good to condition your mind into thinking that earning money is hard and it really takes time to accumulate a specific amount, only to spend it in a snap. Having that perspective can help some people into controlling their urges to gamble.
But for me, the bottom line in this topic is still building your character and having that discipline to be able to know when you should continue and when to stop. The best advice is still practicing good gambling habits by prioritizing the needs first before luxurious activities, then setting your limitations when it comes to spending money and time in gambling.
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I was thinking new kind of plan to buy bitcoin every month from my salary immediately my company paids me but I still have other responsibilities to carry with family so am skeptical about it especially now that the price has no direction. If can afford storing every month in a long run I may realizes half of bitcoin unit and that's a big achievement to buy but to you is funny because you have enough of it. So advise me on what to do! Should I hold on because of the instabilities in price? Or I should buy and store? Over to you
The easiest way for you to figure out whether to buy more or not is pay your bills first, make a budget for your food, needs, and wants, and for your emergency fund, if you still have extra money after that, then invest it on Bitcoin, simple as that. Don't invest it first before anything else, because you'll be force to sell it when you need the money for your responsibilities. Invest what you can afford to lose, don't sell your properties or anything important just to invest in Bitcoin, in short, don't put all the eggs in just one basket, since we're not sure when is the next bull run going to happen. |
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Cryptocurrency's volatility is the main reason why it is more profitable than forex trading, however, it is risky as well because of that.
Both are risky, so go with the one you're familiar with and confident to trade. Cryptocurrency is much easier for me to understand than forex, so I believe it depends on a trader's preference. Also, since cryptocurrency is a high risk high reward kind of thing, it is important to make a plan, don't rush, and don't let your emotions take over you or else you'll lose everything.
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In our country, it isn't mandatory to show your identity to the public when you won the jackpot amount. You just have to arrive at their office during the time frame of claiming the winning, provide your real name, and your ticket to claim your prize. People shouldn't be forced to publicly announce that they won the mega prize for security reasons. All the unwanted attention might be focused into you once people knew you have money. You can be prone into kidnapping, murder, robbery, and sudden loans from those people that know you. Which will make your life be at risk and it will be hard for you to navigate your way when there are many eyes watching.
Privacy and security should be prioritized when dealing with matters such as this.
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If you're going to sell your products and accept bitcoin as a payment, the only problem I see is when; for example, your product's price is 0.001 BTC and let's say that's $20, but suddenly bitcoin dumped so it became $15. My point is, you're going to have a problem editing your products prices every single time bitcoin dumps and pump since your customer would complain about your price, if that does make any sense.
And to answer your question, I believe for you not to get bored while waiting on another all time high, do something that will keep you occupied, your hobbies for example or another business to accumulate more source of money.
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First of all I'm not a real trader, but I like to trade to earn small amount profit. I only use BTC/USDT pair because USDT make me easier to determine how much my coins worth after trade and most liquid stable coin, the reason why I choose BTC is I don't need to worry about it when my trading goes wrong. So if I bought Bitcoin at the peak and the price keep decreasing, I will not sell it, but I will wait for the next super cycle where Bitcoin usually break new ATH. Keep in mind I never learn about chart, candlestick, trend etc, all of my decision come from my mood and instinct. No stop limit, no follow any signal, no watching my PC for 24/7 etc, just directly buy and sell. Is there anyone like me here?  I mean, it's not really an instinct not to sell your bitcoin hodling when its price is going on the opposite way you wanted it to, it's a natural response when you don't want to lose anything, so you'll wait for the next all time high price. And I don't think that not following any basic fundamentals in trading will bring you to a level that you make a lot of profits in trading, especially in futures trading. |
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I think $5-$10 of investment in Bitcoin is too small and not worthy if you're going to go for long term investment, unless you're planning to add some capital for bigger profits in the long run. My point is, to make it more worthy while waiting, max your capital but don't forget to spare some extra money for yourself, like to pay bills, buy foods, and for your wants and other needs.
"What you can afford to lose" doesn't mean that you have to be more miserly when it comes to what you're planning to invest, for me it means that whatever amount of money you think is worthy to invest is worthy of your waiting time while waiting for the result, either it is bad or good.
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It's not bothering me since if we care about our identity, if it's going to be leaked, the number one source would be the government, since they all have our data.
There's no need to be alarm unless you're transferring a laundered money, or anything illegal. Also, there's a lot of transactions happening in the Blockchain and I doubt not every single of them will be monitored by a hacker or someone who wants to stole our identity. You can't even tell who's the owner of a certain wallet address unless you accidentally connected some personal information of yours somewhere in the internet.
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Even though those brands have their own choices where to take side, this war doesn't make any sense at all.
I mean, both sides has their own reasons why they are fighting for their land, who the true owner really is, but this could be resolve in a way where no innocent lives are being taken. We just love to show how superior we are in a certain country, no matter what kind of countermeasures it is, continues bombing, killing people until they surrender, and conquer their land to widen up the kingdom.
I wouldn't doubt if one day human will be extinct, and mother earth would be left destroyed by exchanging nuclear bombs just to show who's the boss, what a pathetic society we live in.
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