If someone tells me that they want to trade in the bitcoin market but they have no idea how it works, my advice is to tell them not to do it, that it is not correct to enter the market and gamble, it does not work like that, maybe if they do he does and is lucky he wins, but in the long term that luck will run out and he will lose everything, trading is not luck or guessing, you know, and we have to take that into consideration when operating.
What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.
it would be best to do neither and choose to set up your own gambling business. What I told him is that he better go to a casino and manage his money there, I know that he will still lose it but at least he will enjoy the games, whereas in trading things are not like that.
gambling and trading both use strategies and usually those who use that strategy will be based on luck. so doing both is just a waste of money if unlucky but better to set up your own casino is more profitable.
yes, indeed, maybe you think that going to gambling can manage finances in gambling to last longer towards luck. but the question is, is he able to control himself not to be emotional? the longer in gambling will increase the boredom and turn into emotion. at that moment will also lose all the money.
I think that those guys who organize such gambling sites must have an investment of several million dollars. So it's very difficult. You also need to get a license from Curacao or from the UK regulator, which is also expensive. So only very rich people who are still well acquainted with the online gambling market itself and the financial policy of successful casinos can afford to organize a new and also successful casino.
And of course, such a casino will require KYC from customers so as not to violate the laws of the country where it is registered.
In short, having a casino or setting up a business like a casino is not easy at all, it is something that requires a lot of work, apart from all that, what you have to have is money, without money, even if you have the best team in the world and the better ideas, without money things don't work, also a casino could not be launched only based on capitalizing with the money of the players because it is the worst strategy that is going to be done, these things are what should be seen. Personally, having a casino or, failing that, an Exchange is a very good business model, but you must have a lot of money.