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981  Economy / Gambling discussion / Re: Do you think that this is aperfect analogy of how gambling addiction starts? on: December 17, 2023, 04:31:31 PM
We are all humans but we are all different, what could spike an addiction in me can be a total turn off for you, in the world of gambling anything is possible, anyone can become an addict in any possible way, some starts their addiction after the lose their money, and that's loss chasing.

The majority of gamblers get addicted when they win in their first game, this is the most popular way for anyone to become a gambling addict, someone who have no past gambling experience will probably lose his mind if he wins some few rounds when starting out in gambling.

Both loss chasing and first win are too common as the ways that gamblers get addicted to gambling, instead of accepting that you are throwing money away and make it harder for the house to win over you, people instead choose to run after how much they can make.

Yes you are right in both but I think first time win is most crucial and trap for winner and most people who gamble laugh at first time winners that they would start losing afterwards. They see it as a welcome bonus given to those winners as they just tasted gambling. Most times this allusion seem to be the case because surprisely the winners may not have any more winning after several attempts.

Therefore, I consider first time winners as those that get hooked up in addition because they want to taste such winning again and unfortunately they may not be able but they keep trying instead of them to come to the reality that they just got lucky to win, thus they could reduce their playing times and bankroll to gradually stop but addiction doesn't allow someone to think properly  Grin
982  Economy / Gambling discussion / Re: Do you have a "gambling problem" which you can sometimes control for years? on: December 17, 2023, 06:57:00 AM
I already know that gambling is a luck base stuff and anything based on luck is not in your control, so I play with care when I play and I'm not always playing so I don't have a problem with it. It is difficult to stop gambling addiction and it is worse when you are having it as the source of income then you will find it difficult to quit.

For someone to quit gambling by themselves, it means they are not so much involved in it and so they can still control themselves. This is the reason to gamble with what money you can afford to lose and not to heavily involve yourself with the hope that it will favour you at the end. We know numbers of posts here on people who have taken away their lives because they lost hugely and probably money that they borrowed. But if you are gambling responsibly, you won't have gambling problems and to stop will be easy for you to only discourage yourself that you have not been winning is enough.
983  Local / Nigeria (Naija) / Re: Preparedness is better than prediction on: December 16, 2023, 05:36:05 PM
Some people still dey doubt btc bull how e dey be. Last bull we still get doubting Thomas and this year too we go still see those wey go dey say if I know. To avoid that kind regret, e better to still carry small money take put inside the btc so that you go still follow get the expected profit because na sure say the volatility go make sense as morning never reach btc don dey fly as we dey see am.

But na money be preparedness, some people still dey carry money flex and forget say if them invest now, at least by next year December dem fit cash out double of their investment. We need to act quick before the motor begin speed .
984  Local / Nigeria (Naija) / Re: Hope I haven't miss alot on: December 16, 2023, 03:14:50 PM
It is always an interesting time to join btc parol when the bull run dey approach like we dey feel am now, like you say you don invest in bitcoin, so I no think say you miss anything at least the bull run never start proper and the btc price still dey around $42k.

So you don already dey read about things wey concern d forum and how to make your own mark follow others. Na procrastination na im dey kill dream, make you no allow fear stop you from wetin you don set out to achieve.
985  Economy / Economics / Re: Learn to use DEBT in a proper way to create asset on: December 16, 2023, 02:51:41 PM
In the topic I covered today, let's talk together about the idea of debt, why it is bad for the majority, and why it is used as a tool for the advancement of the few. If we observe people in debt, it's like your friend who borrows a cellphone, your neighbor who owes a motorcycle and vehicle, and the person you know who borrows to build their house. We can notice and see that most of them are not happy. Because instead of enjoying the money owed, it becomes a burden because it is automatically deducted from their wages at work. And this is often the reality of a person's life in debt.


So which is better? To borrow and buy a cellphone, motorcycle or to use it to build a house. Obviously taking a loan should be properly be invested so that you can get that interest accrued to the loan from the investment even before majority. Therefore, to build a house with debt or borrowed money is far better and above the listed. If you build a house, you are sure to recoup your investment within a stipulated time frame as you can thereafter mortgage it or lease some apartment from time to time.

Bearing a debt can be seen as something bad if you use the money for recurrent expenditure and not capital projects. For example most wealthy men live on debt but they invest it so that it keeps generating additional income, they take loan from banks and invest it and also service the interest from the investment.

Loan is the reason that the rich keeps getting richer. The rich knows how to invest with loan and they service the interest from profit in their invested business.
986  Economy / Speculation / Re: Can anyone be a Bitcoin speculation expert? on: December 16, 2023, 02:30:18 PM

Anyone can be a bitcoin speculation expert as we have all the freedom to speculate based on what we know. But trying to deceive someone and make believe that all your predictions are right, then that would be not helpful anymore.

Of course prediction that work is that which has been tasted and trusted through time. If you prediction price for next week and it doesn't happen that way then it means such person's prediction is not to be taken as what can be followed. I know that predictions are not always right but averagely for someone who carry himself as a better predictor should get some very good number of prediction right.

However for me, I don't follow predictions blindly. You have to have an idea of the market sentiment, do your analysis and the compare other predictions to get more valid view of the market price.
987  Economy / Economics / Re: Food for thought on: December 16, 2023, 12:55:33 PM
Op you are quite right about your post which I see as an advise not for only government employees, private or those that are independent, it is an information for everyone on the need to diversify our income or source of revenue. To depend on a source of income is now a thing of the past or for only the man to provide for the home no longer viable because the economy is now difficult to survive on, their is high cost of living of which only a source of income will not be able to take care of the home front, even singles don't find it easy to live a balanced life.

So no matter how difficult it is to establish more sources of income, it is worth it and not to depend on one job because when that fails, it is usually a problem to get up back.
988  Economy / Gambling discussion / Re: Can I ask for refund if casino game has bugs? on: December 16, 2023, 11:30:41 AM

I guess it will be quite difficult to prove this fact. The house always wins. If there is a bug in their system you will never find out. You don't have access to their system's backend. Even if something abnormal happened, and you recorded the screen for example, most probably you won't get a refund.

But I'm thinking bugs are what casinos would be aware of and a gambler doesn't need to go far to be able to prove it that bug was the reason he lost especially when at the same time there are other gamblers that it happened to. Bugs should be differently analysed away from house edge. Bugs can be like technical glitch that happened to the casino machine and the casino should take responsibility of such error because no one should be allowed to benefit from their own error, that should be different from house edge and casinos should be sincere with their customers.

Bugs are suppose to be identified by casinos and if they are sincere they should own up and do a refund on the complaint of the gambler.
989  Economy / Gambling discussion / Re: A hero or a fool? on: December 16, 2023, 10:39:25 AM
What do you think? This is an insanely move on oneself to stop addiction, something done right? Would you do the same if such is possible in your country?
A gambler can take a break from gambling whenever he wants. If he feels that he has lost control over gambling. Then he can cancel his inclusion there at his wish. This happens often even after I started my gambling life when I lost a lot of money and I decided to ban myself from gambling when I realized that I was addicted. The site I was browsing showed me the option to self-exclude. There I can take a break from gambling for different periods or for life if I want. I asked for a permanent ban there at that time. Later when I got a desire for gambling again I was forced to start gambling on another platform.

It is always a wise decision like Op has done to take a break from what is not benefiting someone like in the case of Op. At least taking a break for a while is good and even if you want to come back, you would have restrategized on what you were doing wrongly earlier and fashion a way forward to it just like in your own case that you started afresh on another platform after banning yourself on the previous platform.

We need such discipline in gambling because it requires effort not to allow our sentiment becloud our sense of reasoning and not many gamblers have that kind of strong will to take a decision to ban themselves out of their gambling platform because they would keep thinking a day will come for their own winning but that may not happen, so is better to take such kind of hard decision if you are a serial loser.
990  Economy / Gambling discussion / Re: Do you remember when Twitch banned gambling? Now they allow nudity! on: December 16, 2023, 08:28:50 AM
This is surely a double standard by twitch. If they have decided to allow artistic nudity is same as pornography because those are going to be explicit pictures running in the mind of people including children. Nudity and gambling are suppose to be to the exclusive reserve of adults but with such nudity, children are going to be at risk.

To stream art works with naked bodies is only going to corrupt children more and the reason for banning gambling on their platform is more or less defeated.
991  Economy / Gambling / Re: Does anyone find the spate of online casinos a bit uninspired? on: December 15, 2023, 06:25:23 PM
A lot of them seem to be hastily assembled clone sites with very little effort put in and gimmicky marketing. Do you guys have any thoughts on this... plague?
A hastily created casino will suffer from many drawbacks. I think every casino before operating will carry out several stages including a testing stage by involving other parties to review even though the process tends to be rushed.
What's interesting about casinos are the bonuses and other offers given at each event to attract visitors which are done with promotional strategies.

Unfortunately those promotions are the insentives that casinos use to draw out people to register and afterwards bankroll with them but at the end they get scammed. Casinos that have scammed users have those packages which makes people to turn off their eyes from doing proper research or staying with old and reputable casinos.

New will always go after bonuses and that seem like a dead trap that people are blinded folded to see. It is better to stay with the devil you know than trying to meet the angel that you don't know.
992  Economy / Economics / Re: World is full of things what nobody dont need just too much on: December 15, 2023, 04:07:40 PM

The clothes they get old and you don't want to wear them so you end up full House of just the old brand clothes and that's not just me but a lot people have Same problem we collect things more then we need it.

Whoever has used things in the house or things considered outdated for them should let them out to those families that they are better than, take them to the orphanage, NGOs to distribute to the needy and not to keep clustering them in their homes, wasting them while there are people needing them, that is not wise because the economy is hard and some families can't really meet up to their daily needs and they need support from others.

This is the end of the year and it is wise to give out in appreciation of what God has been doing in health and prosperity. So is really a time to give and not to waste what we don't need.
993  Economy / Speculation / Re: The volatility volumes of Bitcoin is not the Will of man on: December 15, 2023, 03:30:01 PM
Volatility refers to how much the price of Bitcoin fluctuates, it all depends on Investor interest, demand and supply which determine which direction the market will move. This factor can be considered a good thing because it gives investors the opportunity to make a profit by buying at low prices and selling at high prices. Volatility may seem intimidating to some investors new to Bitcoin, but not to most investors who have been in the crypto space for a long time. You can get big profits from Bitcoin's volatility if you have the right strategy, so it's never too late to invest in Bitcoin because its movements will always depend on how much the price fluctuates.


Investment is about timing and strategy, bitcoin is not different from that. Business is about demand and supply that is what grows volatility and it is not controlled by just the will of one single man but by market forces and sentiment. For instance in real world scenario if a product was to be scarce because of a season, naturally the price would go higher because of demand which is part of market forces. So it is not just a man made arrangements and that is what happens with commodities market, currency and crypto which includes bitcoin like you have rightly analysed in your post. Like the season for bull is approaching because of halving and investors are buying and hodling, that is expected to push the price more higher next year.
994  Economy / Gambling discussion / Re: The need for mental section or public orientation for new gamblers. on: December 15, 2023, 03:02:07 PM
I believe that gambling addiction is self explanatory or educational. Whoever is visiting the game house and betting but losing yet kept visiting the place and betting without stopping knows that he is addicted and knows he should stop. If you are unable to stop while you want to stop then you already know you are addicted. So I don't think we need a different board on it, moreover there are different threads started whose contributions are always going towards addictions and what remedy to take.

Except there could be threads pinned on this board for easy access to learn what addiction.
995  Economy / Gambling discussion / Re: Do you wrap up your gambling session? on: December 15, 2023, 11:37:31 AM

How about you do you wrap up your sessions and how many minutes or hours and do you think it's ok to do a wrap-up?


I don't really have time that I do wrap up. It depends on how I feel and the winning rate and if it is losing then it might come earlier than expected. To focus on a particular time frame to wrap up might not give you the whole comfort to play your game but if you are in control of yourself and emotion then you can properly control your bankroll which is what is important and not how much time will limit ourselves to play because you never can tell what the next game can produce except you have already made up your mind to wrap up.
996  Economy / Gambling discussion / Re: Gamblers trickily claims they wins the bet while they never did. on: December 15, 2023, 10:30:59 AM
Don't be deceived, not every gamblers who actually claims that they won really won.

They basically do this because they feels disturbed and inconveniences of the people's opinions and advices towards the gamblers unprofitable gambling experiences

They do this because of shame of playing consistently without winning. They feel ashamed for such disappointment and they want to hype themselves to be part of those winning too so as to take away shame of being losers. It is shameful sometimes when you have not won a bet.

Sometimes too gamblers do that saying they won their bet while they didn't because they have boosted on the prediction that they have made to be a sure winning. Sometimes when you are watching live match with fellow bettors on a viewing center, a bettor can keep boosting about the match making others to regret the line of their bet while the game was going on and if things turn around in the match against the booster, he might still lie that he took another option and not the one he was boosting about. All these happen because people don't want to be associated with failure.
997  Other / Archival / Re: New strategy for casinos! on: December 15, 2023, 09:58:07 AM
It is not a business competition between mixers and casinos, so to suggest closing up the space for mixers because they are leaving the forum makes no points. Whether they are here or not didn't stop any other signature campaign to advertise their business on the service board. Therefore, no relationship, connection or deprivation for any signature campaign with or without mixers.

However, you have made a valid point whether they would survive elsewhere and that is a strong point. This forum is the most active and popular crypto forum because of the use of bitcoin. So if they want to succeed elsewhere, they should introduce btc payment system for the signature campaign and not usdt or other stable coins.

Another point that they need to survive is to put value on payrate for the participants whether in btc or other coins. If they increase payrate, that would encourage good work on their publicity.
998  Economy / Gambling discussion / Re: Type of gambling and Intelligence on: December 15, 2023, 06:57:39 AM
Games won't really show how intelligent a person is and so it is not a measure of IQ. Some persons learn the more difficult games from the gambling father in the house, so whether they are intelligent or not won't matter because they have had the first hand learning process of the game from the home and that may turn out to be the persons most loved game as it is easier for him to understand against his friends who are even far intelligent more than him.

Another thing is interest and what game entertain you more. This is important because such game that entertain you tend attract you to learn it more. And in fact every game has it own ability to increase someone's intelligence. Of course games help build intelligence while you are also entertained.
999  Economy / Economics / Re: One of the biggest problem in our society is that average person don't have on: December 14, 2023, 06:06:39 PM
Average person don't have access to capital flow.


Despite it challenges, I have seen an average person that turned himself into a wealthy person from commitment and hard work. It is about determination and passion.

Savings is a very strong way to raise capital.  If you have a little job you are doing, you can gradually save up into something bigger and invest in something else. It is a gradual process and not to despair from starting small.

There are people who have made it from small because they didn't despise their little beginning. To build capital can be through support from family, loan or savings but what matters is how to guide the capital into big resources.

1000  Local / Nigeria (Naija) / Re: Our savings nai save us on: December 14, 2023, 03:35:42 PM

Normally when we save na to use am do one thing or the other wey we don plan since tey tey, but due to hunger wey dy the land now,
na dat savings nai dey save us now from hunger, because e no easy because of the high cost of living.


But if you don chop wetin you don save finish, wetin again you go chop? Nothing na. How much you even save self wey you no go chop finish within months that is if you be a single person. So no be saving help you oo, na say you get wetin dey still bring money for you wey you dey even see the one wey you go dey take talk of savings.

Savings without investment my brother na zero idea. If you keep money for bank na inflation go chop am finish. Na investment be the key.
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