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201  Economy / Gambling discussion / Re: Quit gamble! Easy or Hard? Let's talk. on: January 05, 2024, 01:41:57 PM

Most people just go all in after maybe they might have experience some kind of good win and forgetting that gamble has to do with two functions which is winning and losing. The ability for every gambler to control his or herself during this heavy loss is what makes you not suffer and become an addict. When a gambler starts experiencing loses he or she forgets about everything and just keep chasing his losses which he will never get back and this act doesn't stop till the whole money for gambling is spent and thats when the regrets and frustration kicks in.

Knowing when to stop when experiencing lose is very vital to having a healthy gambling lifestyle.
People venture into gambling with some  sort of positive mindset towards it as a steady source of income, it works for few of them including myself back then. After a successive win, they now throw in their all and all into it forgetting that the table might turn around. Victims of the negative side of gambling end up discouraging others from engaging in it while its their own fault that they couldn't control themselves. They come back and blame gambling as  an entity for their flaws and setbacks.

These kind of people in my own perception are not yet matured enough to start taking responsibilities for their actions and until then, they'll not fix the lack of personal and emotional control in them, instead, they'll continue looking for other things to blame for their failures and in so doing maturity is still very far from them.

With just simple mechanics and bets you can literally earn more than a bare minimum wage of a worker, but it wouldn't always be considered a steady source of income as we know that gambling relies on luck, and not always luck would be always by your side. There is nothing wrong if you think that gambling would be a good source of income, some even consider it as an investment by just simply betting their spare money, you wouldn't know you might still get the chance to double or triple your money. It is already on you when you already learned your mistakes, the pros and cons of gambling, but still continue as they cannot control themselves to gamble. It wouldn't be always a good choice to pick the easy way cause for sure it has consequences.
202  Economy / Gambling discussion / Re: Does the tension make you take risk that are sometimes worth it? on: January 05, 2024, 12:22:26 PM
We all know that gambling sometimes can be fun and something not, even if we  blatantly claim here that we do gamble alone for the fun purpose 🙄🙄. Truth be told majority of person actually gamble because of the possibility that they can earn some profits from the act and as we all know it , not all the time the end result is what we expected. Although am not an addicted gambler but I can say I do my fair share of gambling activities sometimes and what I have observed is that sometimes I actually make some hard calls that turn out to be fruitful when ever am tenced but the results may differ for different individuals though.

So I would like to know your own experience when making or taking risk in gambling under pressure.

Gambling under pressure is dangerous and shouldn't be considered a habit. We are talking about money here.

The moment you start a gambling session, you should have a calm mind and relax. Thinking too much will distract you and the focus will also be wrecked. If a gambler has that kind of thinking, staying away from gambling should be considered now. Don't stress yourself on something very risky if you feel pressured while gambling.

It's common to feel intense and excited once we take risks but to feel pressure after doing that, it's a different story.


Exactly, if you are under pressure, your decision-making and choices are most likely based on your emotions, not already into logical thinking that can cause unwise calls. This kind of scenario of feeling pressured could even get worse which leads to addiction as well, cause if you can't even control your emotions and feelings, you would just keep playing with pressure. You are much more focused on the feeling of pressure, and your mind doesn't think straight, of course, there is a possibility that you can still win with the help of tension feeling, but that ain't always right, it is still better to have judgment with proper thinking as well calm. The fun and thrilling effects would be always there but I think that also counts cause sometimes people might get too excited and would bet huge amounts.
203  Economy / Gambling discussion / Re: The is always on gambling, never the individual. on: January 05, 2024, 08:17:38 AM
The other day someone was talking about how he hates gambling as it nearly ruined his life, and within my mind I was like, no it was not gambling that nearly ruined you it was actually you that tried to ruin your life and that's because you refused to gamble responsibly and discipline yourself by not been capable of differentiating money meant for gambling from money meant for other projects in your life.

Why do people blame gamble for their own act of irresponsibility. No one is talking about their own part in their story of bad experience's with gambling, all we get to hear is gambling is bad and a useless activity. Why?

Many people already consider gambling a bad thing to do, knowing that background gambling that it can ruin someone's life, people should have the trait of being responsible gamblers so it won't reach the part that it can ruin your life. I'm pointing out that before you start gambling you already know the risk of being involved with this kind of activity that without any limit and self-control it could be possible for you to get addicted. The thing is people don't want to worsen their situation when telling a story to anyone, they cannot point their finger at themselves as they don't want to lower their pride and dignity. Plus it is easier to blame someone or anything cause that person could help to ease up their feelings but it is still a lie which is much worse.
204  Economy / Gambling discussion / Re: Do you care about what people say about you gambling? on: January 04, 2024, 06:24:34 PM
Well for me, if the person who says something about your gambling really matters to you, you will definitely listen and care about they saying to you. It means that they also care about what you're doing. This is kind of different from your situation as it's just a stranger who's talking about your gambling. When someone talks about your gambling situation remember that you're the one in control of your decisions.
Gambling is considered a bad thing in the eyes of society so when someone finds out about your gambling, they will definitely criticize you. So of course you have to take care of these things and you have to be better in their eyes to stop criticizing you. Because respect is very important for a person and gambling destroys people's respect. So you should always try to keep your gambling a secret so that no one can criticize you. So I personally care if anyone is talking about my gambling

Well, we know that gambling can ruin someone's life by starting financially which would lead to a domino effect on their mental, emotional, and physical health. So why there's still casinos and gambling still exist? It is because it still helps the economy by just simply paying taxes. The thing is gambling still has a good impact on society, if you are a responsible gambler you don't have to listen to anyone say (negative opinions) since it's your money, your rules. Still, be open to conversations like from your family asking you to stop gambling, but yeah I agree that keeping it on your own would be the best move.
205  Economy / Gambling discussion / Re: Shared games helped you before? on: January 04, 2024, 05:06:04 PM
I told it the nth time "Never mix money with friends and relatives" because it will definitely bring conflicts that can ruin the relationship whatever it is.

If you want to make a bet then make it for yourself

If your friend wants to make then let him to make a bet on his own, if he lacks the money to bet then tell him to start gambling when he can afford to or go beyond and lend money to your gambling friend for betting.

For me, I consider it a red flag in a friendship, in the first place if your friend can't afford to gamble or bet any amount why is he spending his time gambling then? It would never be a good idea to follow someone's call especially if you know the person cause you would feel responsible or in debt with that person as you win with their calls, you would feel guilty for not giving them any percentage so in the end, it would favor them. Plus they would be used to giving you a call, and then eventually it will reach the time that they would ask for a small amount for them to also bet. There's nothing wrong with saying no, he might tell you that someone won to make you feel bad.
206  Economy / Gambling discussion / Re: What's your view on this? Is it fun or addiction? on: January 03, 2024, 04:44:53 PM
There is no business where you can get guaranteed success so luck will let you down for everything gambling is no exception. Because gambling requires you to take risks and put your mind to the fact that you will win. In my area very young children are also busy with online gambling but why is that? Because they are winning, the attraction to gambling increases. It is not unusual to gamble every week but you have to be quiet that the pocket cannot be emptied. If your income is high then you can easily control and play. But i have seen it is more harmful for the student body because they have no source of income so they indulge in other vices to earn gambling money.

Yes, they are continuing to gambling online because they are "winning" which can be consider as a bad thing since it can lead to gambling addiction. Gambling could be considered as investment for some people as their spare money could be doubled or tripled by winning, and of course they are aware of the risk of losing as well. These young people have tasted the sweet victory of gambling and would want more, the greed will follows as they keep gambling, they would suffer a big loss and they would never stop as they would try to recover their losses. I mean they can stop themselves into gambling as they are limited with funds since they don't have money sources like income or salary, but eventually they would try to comeback hoping to win or recover.
207  Economy / Gambling discussion / Re: Online or offline gambling which is more safer? on: January 03, 2024, 04:04:50 PM

and sometimes offline casino or physical casino can be dangerous as, of course, you are socialising, there might be people with malicious intents to do something bad to you inside or outside the casino establishment. We have different opinions, so for me, offline and online are the same in the sense that gamblers can lose a lot of money depending on their self-control.

Offline casinos for sure have security that could help you with violence and also ask for assistance for your safety when going home like calling the police. The only problem is that you are exposed to your identity, people could be familiar with your face and might do bad deeds when they meet you. While online you can be prone to hacking and scams which can drain your wallet, it might be convenient but the internet could suck sometimes as smart people could take advantage of their knowledge on the internet. Gambling is gambling, it could be online or offline people could still be addicted as well lose a lot of money with gambling. Everyone is also free to gamble but by being responsible and having the self-control to avoid huge losses that can cause a domino effect on a person's life.

208  Economy / Gambling discussion / Re: Do you believe in gambling experts predictions? on: January 03, 2024, 02:57:50 PM
I want to ask, do you believe in experts gambling predictions?
For me I don't believe in gambling expert. Because they are just like any other person. Just that they spend more time in studying games. and they might be%70 or %60 sure  and they often get more win than loose compare to people who don't spend there Time in predictions. Because of thisany people who don't know much about predictions has become predictors because they have many social media channels that pay get a VIP game and after they might have paid go get such games they end up deceiving people that they are the ones who did it mean while it was a prediction from others.

I also don't believe in anything called experts predictions, I could do more better even than they can offer if am very well used and aquatinted to gambling and the particular sport or game am into, this is about our performance, interested and what we have fortified ourselves with in understanding the things we do in gambling and not waiting till we receive a signal from any third party before knowing what to do, we are all taking risk on ourselves to gamble and same are the so called experts.

Never rely on your decision on others' predictions cause it's not even their money, if they manage to predict right they dare to ask for a percentage even if it's your money that you have risked. Having an opinion from others could be good when you are gambling like sports betting, from that you can observe their opinion if it's a good call still always depends on your understanding and conclusion of your bet. Just know that these called experts are also human, they can interpret wrong and give a signal that doesn't guarantee a 100% win. Plus there might be a group of people who scammed people by telling them that they are experts and would ask for money for a signal, most of the victims are probably newbies.
209  Economy / Economics / Re: Habits that can lead to your financial failure in 2024 on: January 03, 2024, 01:06:51 PM


You can add your point so that others can learn



That is actually a good list that leads to financial failures but I think one of the most common things that everyone has experienced is the lack of knowledge in budgeting or managing their finances which leads to not important use of money. It might sound easy to handle finances but some have other interpretations about it, like they include having money for unnecessary things but not having spare money to invest. They focus on short-term convenience and satisfaction but don't have the mindset for the long term. Just like for example, keeping up with the trend by buying a new iPhone which costs a lot despite having a decent cellphone, with that amount of money you can already accumulate a lot of Bitcoin or invest it in other investments where it could give you a great return in the future.
210  Economy / Economics / Re: Business failure among small-scale entrepreneurs on: January 02, 2024, 06:38:10 PM
In addition to everyone's contribution,I think there's a need to consider your business location including visibility,nearby competition and even customer's convenience,the image you want to create or project and your budget should be laid into consideration.

 It's not easy to start a business and switch locations in a short period of time.So a bad location choice can be a business crasher at large.its okay to be aware of the common hazards involved and try to avoid them.

All these reasons we've listed here  for the failure of a business can be addressed if you identify which ones affects us in one way or the other and create a plan for removing them so we can have a convenient and satisfactory business experience.

You are exactly right, I think that's one of the factors that causes some businesses to fail, not only by targeting the number of people but by having the best place to establish your business. The thing is most of the best places to open a business are already owned and you would need to think of the permits and papers before opening up a business so it would take time. Buying the whole area lot would cost a lot so some people are renting it which is also expensive for the long term, if they haven't managed to profit or have sales for a good run they would already lose a lot of funds by just simply paying the rent. Considering the place, rent, competition, customer's easy access like nearby town, etc. there's a lot of listed need to assess and build up a plan before you start establishing a business. You also have to check if the place would be a good place to run a business for the long term.
211  Economy / Gambling discussion / Re: Low cost but effective solutions to gambling addiction on: January 02, 2024, 05:50:38 PM
Unlike regular gamblers, they always stop when they lose or set limits on the number of losses. Gambling addicts often continue to play to regain lost money. People addicted to gambling may be aware of the consequences that gambling causes, but they seem to have no way to control or resist the urge and temptation of gambling. I think that by keeping people addicted to gambling busy, they will no longer have time to think about participating in gambling games and gradually overcome their addiction more successfully. The detoxification process will face many difficulties and challenges, sometimes it takes addicts many years to overcome all the consequences caused by gambling, and at the same time eliminate their interest in gambling.

Yeah, that's one helpful way of treating addiction, to do something else instead.

Specially when the triggers appear, do something else.

For example, if someone always gambles after coming back from work for example, it might be a good idea to say, go for a run after work. That way you end up replacing a bad habit with a good one.

Over time, you will feel better

That is one way to prevent gambling addiction which is to distract yourself with something much better like exercising. We know that people use gambling as an excuse sometimes a distraction to themselves where they can entertain themselves and forget all their problems, which can worsen their situation by just simply losing more money in the house. Plus sometimes they are not that aware of that addiction cause it's already been part of their lifestyles, unless someone points out that gambling is really bad if overdone. They wouldn't quit for just a day for sure, but they would think about it, and would take time for them to realize that gambling won't do anything good for them. I gambling as well, but I don't think that I can consider myself addicted as I don't think it about all the time maybe rarely when I have the time. It might be the reason of too busy in the world.
212  Economy / Gambling discussion / Re: Never gamble in front of your kids. on: January 02, 2024, 04:15:01 PM
I don't think that any responsible parent will gamble in front of their kids. And those who will play gamble in front of their kids are insanely irresponsible parents or maybe they are addicted gambler. Children learn what they see in front of them, in this case, if they see good things, they will learn good things, and if they see bad things, they will learn bad things. And I think gambling under stress is a bad thing.  It is the responsibility of all responsible parents and gamblers not to gamble in front of their children.
In a family, there will probably be people who are irresponsible and passionate about gambling, but there will also be people who are willing to advise and who show this to the children, and at two such contrasting extremes, a child will go in sweeter directions. The warmth that the child feels will be more from the person directly caring for them and as they grow older, sometimes the child will hate gambling more when they understand what has disrupted the balance of their family, at that point, irresponsible people will also receive corresponding contempt

Kids will eventually grow up and will learn gambling for sure, it could be from their parents, grandparents, friends, or themselves. But learning at an early age wouldn't always be a good thing as they are not mature enough to handle this thing especially when it involves money which can cause them to normalize gambling until they grow up. If a child grows up in a good environment, they wouldn't even like how gambling works. It really depends on the environment of the child, if they can see that people who are irresponsible and passionate about gambling, they will teach them what's given but if they tell them in the end that gambling is not good for them, they might hate it and yeah contempt would arise.
213  Economy / Gambling discussion / Re: Should mentally unstable people be allowed to gamble? on: January 02, 2024, 02:20:31 PM
Recently I was around a physical bet shop close to my area and I observed a man who was shabbily dressed walking in the gambling house. I got into the place to observe what his intentions were. He walked straight to the gaming attendant, placed his bets in a highly coordinated manner and quietly walked out of the physical gambling house. From the way he was well organized, you will never know that he was mentally unsound apart from his dirty clothes and unkept hair and beard.

When I inquired from the attendant, she said he was a regular customer and that he usually raised money for gambling through the manual jobs he does around the area. She also told me that he has never misbehaved and acted violently in the gambling house so she was comfortable with him.

My question now is are there any moral, ethical or legal obligation to bar a person from gambling after physically observing that he is mentally unstable?

Everyone is free to gamble in any casino, as long as they don't disturb other gamblers despite having problems mentally. Some cases of people with mental illness cause violence, misbehaving, etc. which is understandable but if they mess around the physical gambling houses then probably they could be kicked out. But there's no such thing that they would be in jail for having an illness and gambling, they are also people who want to have entertainment they don't want to be at the hospital just to cure themselves I think you are expecting. Even the attendant is comfortable with him cause his mental health doesn't affect anyone but himself, plus his appearance doesn't have anything to do with his illness as well, if there's a person with dirty clothes and unkept hair should we assume that person has a mental disorder? Never judge someone based on their appearance and never assume their health state unless you are informed.
214  Bitcoin / Bitcoin Discussion / Re: Rollercoaster of emotions. How to deal with? on: January 02, 2024, 01:42:53 PM
That's more like trading than investing if you are going to look for the market all the time which can cause you to have a roller coaster feeling as you could observe the volatility changes from time to time. Most of these kinds of experiences are from newbies as they are not that familiar and experienced with investment, if you still have doubts you can start from a small amount first or use some kind of method such as the DCA method if you like to take advantage of the market.

From your post seems like you are aware of the pros and cons of investing, if you already have the knowledge but don't have enough courage to invest it might be due to you're not ready to invest financially or you are just scared, then you will have to build up your confidence without feeling pressured if you are gonna invest with that feelings, it might just cause unwise decision and calls.
215  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: December 31, 2023, 08:43:36 PM
When you take debt, you should pay the debt from the loan taken and the only way you can do that is to make money out of that debt. A debt should only be taken to invest. This sounds easy to say but it's very hard. Especially for those who have an opportunity to take loans easily. It requires a lot of discipline to not borrow money when you need money for consumption.
I feel the only time we should borrow money for consumption is for health emergencies and life and death issues.
But as someone who works and make money, you should have planned for emergencies like that

When you get comfortable with taking debt for consumption, it becomes very easy to fall really deep into debt  and that can make you not to make any money because all your money would go to paying off debt

Plus if you take a debt, make sure that you can still pay it in case your plan to make money from that debt fails, causing the penalty, charges, and fees could drain up your wallet. Borrowing money just to buy unnecessary things would be a bad move, some think that they are taking advantage of the system like payment for 3 months, the thing is you would still need to budget your money as you would less the debt to your salary.

Borrowing money for an investment is a good idea but for sure you need to make the money grow to return the good. You need to plan it as there is such long-term investment to reach ROI and get profits like we can say Bitcoin, if you invest in the current market for sure you would have to wait for another bull run to occur, or else you would be in deep debt. For health and emergency, it's understandable, but you need to make sure you have emergency funds to sustain your needs. The important thing is the person who's gonna take a loan has a stable income.
216  Economy / Gambling discussion / Re: Rich, average or poor. Who loses more? on: December 31, 2023, 08:14:44 PM
Just imagine a poor person who tried to gamble for just a few rounds and lost it all, the thing is they don't have any funds to keep continuing and would probably stop playing. That is still a loss, but if we look for the average and rich people who can bet bigger and retry for more rounds could have a chance to regain their losses plus have a profit, but the downside is gambling relies on luck, so it would be hard to recover and win even for many rounds. It really depends on the situation but if the case talks about winning, average and rich people have a higher chance of winning than poor, but they also have a higher rate of losses cause in the process of winning, there would be a lot of losses. Plus poor might be not afford to lose the money that they have betted, which just shows that gambling could worsen their financial state.
217  Economy / Gambling discussion / Re: What is your New Year's resolution? on: December 31, 2023, 07:47:29 PM
I think from your post already by just simply saying "active gambler" that every gambler's New Year's resolution is probably to lessen the gambling habit. It might be a challenge especially if you are active, plus we do not know that maybe next year there will be new gambling games that will hook our interest, and we would say at the very first month, "There will be another year". I think just reducing the number of gambling would be the goal, cause eliminating it might take a long time. Happy New Year to everyone! More luck for this 2024 in more profits to come.
218  Economy / Economics / Re: Pay discrimination on: December 31, 2023, 07:09:06 PM
There are tons of blue collar job that pays well. The problem is, not a lot of people want to take the job. There are tradesmen that makes as much as a good software developer does, and there are some white collared jobs that pays as much as an entry-level electrician. It all boils down to experience and location where these jobs are offered, and the amount of effort that is exerted for that job to get it done. At the end of the day, there's a lot of factors at play that affects the pay rate of these jobs. Everyone can be a driver, but not everyone can be a tech expert without proper education; and everyone can be a receptionist, but not everyone can be a steel worker. You get the idea.
The pay given by a job will vary depending on how difficult is the job itself, the demand for it from different businesses and the number of people willing to do it, and there are many blue collar jobs that pay very well as they are in high demand and not many people want to do them, probably because there has been a tendency to look down on those that do those jobs or because they can be risky unlike a white collar job, but whatever the reason those jobs can be a good option for those that do not like their white collar job and may desire a career change which gave them a better pay.

Some blue-collar jobs that pay well that I could think of can be dangerous to your life, it might sound simple to do but the fact that it might affect your health is one of the reasons it pays well. It could be in demand as we know that it could pay up well but some wouldn't like to sacrifice their comfort, convenience, and safety for the sake of money. In the end, it still depends on your preferability, some people who have degrees and educational backgrounds still prefer to work in a blue-collar job, one factor could be that they prefer to be tired physically than their mental health be drained by office work. Still, no matter what kind of jobs, we're all contributing to the economy as we pay taxes, the higher your salary, the higher the tax as well.
219  Bitcoin / Bitcoin Discussion / Re: Buying and Losing My First Bitcoin on: December 31, 2023, 06:05:01 PM
Being involved in crypto for a long time would help you know and be aware of Bitcoin's existence. At first, the thinking of investing in Bitcoin comes with a plan that, doesn't mean that you have the money you would go straight invest your money, so I did my research first and found answers to any question that came to my mind about Bitcoin such as how is the process of simply buying and selling, where could I convert money things like that. It is really hard to explore things that are not popular or widely known in your country, so there would be times there's a doubt that is it a good thing to study Bitcoin and invest. I started with a small amount, and don't have any idea if I'm on the right path, I did not lose it but I sold it early cause it just a little profit it's already a big deal for me.
220  Bitcoin / Bitcoin Discussion / Re: Am I Too Broke To Own Bitcoin? on: December 31, 2023, 10:00:51 AM
To be honest, I don't really own bitcoins because I do not HODL. I always see myself selling my coins due to one issue or another, possibly because I really cannot afford to live my dream of holing until Bitcoin makes me rich.

In practice, I barely earn more than $3000 from my job, my wife's mortgage, and other demands waiting to snap up the money. Sometimes I sell in a bull market, and other times I sell in a bear market. Would you say that holding BTC isn't for everyone? Am I not too broke to depend on Bitcoin for financial freedom? Yeah, I'm working for my financial independence, but Bitcoin has remained a peripheral component of that plan. Only if I can HODL for a few years.

Do you comfortably HODL? 300% is quite a lot. 1000% for me is a dream.
I will like to know your country because earning $3000+ is a lot of money, there is no excuse as an investor in Bitcoin, if you can't hold then you choose not to hold, what I have learned the hardest way is that if you have a job it will be easier to hold Bitcoin for the long term, some people also don't understand how the market cycle works, they are confused about when to buy and hold and also when to start taking some profits, DYOR.

I don't recommend you buying some Bitcoin today and selling the same Bitcoin weeks later because of surviving or bills to pay, if what you are earning from your job isn't enough you need to lower your spending to be able to accumulate some Bitcoin, or you can find ways to make extra income for Bitcoin accumulation only, I know you will need a lot of money but having some Bitcoin in few years in the future will be the best decision you've ever made.  

Earning around $3000 is already huge and it would be impossible for that amount to not have any spare money to invest, you can even take $100 every payroll for you to have funds for investment. To be honest here in my country in PH, with that amount you can already live for many months especially living alone. My technique is that whenever you are gonna invest, never think of it, and also save another spare money for emergency purposes so you won't need to sell your holdings anymore. It might be hard but you need to adjust for your future. Just do the DCA method and timing whenever what time is the best to buy Bitcoin to take advantage of the market and you will profit much more.
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