One thing is certain with gambling, if you are lucky you’ll win, if you’re not, you’ll lose, this applies whether it’s skill-based or luck-based games. Because no matter what angle it is, luck will always be prominent in gambling.

So if you’re talking about lottery, expect that all gamblers would aim for its jackpot. But it’s rare to see gamblers winning in lottery, since majority still lose and gained nothing but only frustrations in the end, most particularly for those who keep betting at a high amount.

This should be the mindset of every gambler, but sad to say majority are still gambling to make more money, and those who have been playing for money are mostly spending some amount that they aren’t convenient of losing.

This is the reality with majority of the gamblers, that’s why a lot have end up losing a lot and even get broke, but only few who have succeeded the challenges in gambling. Good thing I’m not one of those who play and expect instant profits.

As long as it remains volatile, you should never invest solely in bitcoin and consider it as your only source of income. You don’t even know when you are going to gain an income from bitcoin, so investing on it for survival will never be a smart move. Instead, invest on what you can afford to lose, but look for a stable job where you can gain regular income, as bitcoin investment may only give you impressive amount of profits but maybe once in a blue moon.

Even the highly successful bitcoin investors these days have learned to diversify their investments, which only proves that bitcoin alone is not dependable still.

You make a point there. Having technical and fundamental analysis are crucial for a successful trading. That’s why having real knowledge in the market, developing skills and reliable strategies that will suit your trading style are always a must. And proper risk management should never be overlooked, otherwise you are trading at a loss in the end.

However, I believe trading psychology is the highlight in trading. You are battling with your emotions every time you decide to trade. So your emotions are the greatest factor in trading, if you don’t know how to navigate your emotions, still all your profits will turn into losses in the long run, simply because you prioritize your greed over creating stable emotions.

If this is all about luck-based games like slots and lottery, I’ll go for pure luck, however for skill-based games like sports betting, I’ll go for the higher chances to win. But what’s better, go for both luck and chances for higher probability of winning.

The fact that we are gambling, we should always grab for opportunities and possibilities, and this will only be possible if you know how to gamble smartly, and you know how to adopt luck and chances when gambling.

Just know the fact that once a PM is made, it’s likely the sender just want to keep the conversation secret because it’s simply a kind of scam. Otherwise, if that is legal, the sender should post a thread instead so that majority of newbies will be inform about it. If his intention is to help, then he will create a thread open to the public. But if it’s not, then you as a newbie should already be aware that something’s wrong in it.

For newbies, always weigh things first before jumping in. Scammers are everywhere, and they are actually hiding in every corner, even in the bitcointalk forum.

Bitcoin is currently trading at $117k so it’s not really that impossible to achieve $150k for bitcoin within this year. My analysis is, once it starts to touch $130k then there are actually high chances for bitcoin to land into $150k in no time. But still, we should prepare for future price corrections, as it suddenly appear without us knowing.

Bitcoin will surely reach $150k, but we can’t control how it moves in the market, that sometimes delays are possible but the important thing is, it still arrived at $150k btc price.

Knowing lottery, the chance of winning is very rare. So the fact that I pursue betting on lottery, it’s like I already accepted the fact that I will definitely lose a lot before hitting a big win. There’s no sense regretting because this isn’t trading but literally gambling.

Now, based on the given scenarios, it would be more painful for me knowing I changed my pattern and create a new one, and suddenly the old pattern wins. But what else can I do since this is how unpredictable gambling is, especially for lottery where the odds of winning is very low.

If the kid won a significant amount, then I will let him/her use my personal data in order to claim the prize, after that there’s no reason anymore to tolerate the kid’s early gambling journey. Maybe it’s just a matter of educating your kid and all the future consequences with gambling, that way even if he will continue without my awareness, at least he knows the future consequences of his own actions.

We can’t stop a kid if he will pursue gambling secretly. Although I don’t agree with early gambling exposure, but the technology around could be a big temptation for them. Otherwise, educating him and teaching him how to limit gambling is all I can do.

That sounds like forget that you have bitcoin. Don’t think too much about it, because the more you monitor its price, the total amount of your accumulation, you will only get more tempted to sell and enjoy your profits.

Another thing is, set your bitcoin as your retirement. Once it’s for retirement purposes, then selling it early should be avoided as much as possible. Instead, accumulate more so that you will gain the security and comfortability of your future life’s retirement.

This is reality for us gamblers, especially those who are still beginning in gambling and makes a beginner’s luck. The fact that we won a significant amount, that makes us become more motivated to gamble more, and expect another set of winnings.

But as we get used to it, we come to adjust and limit our expectations as well. We get to realized that gambling isn’t more of winnings, but it’s more of losses in reality. Especially if you gamble irresponsibly, it’s like you gamble to maximize your losses until you end up broke and homeless.

You know it depends on the amount of loss. If you lose a huge amount, then it’s understandable that you may find it hard forgetting it. But since you are gambling, then whatever loss you had in the past should not be carried away at the present. Do not gamble to chase your losses, nor chasing for luck to make big wins, but just gamble at your own risk.

For me, I’m just an average gambler so my losses are not that significant, I just recover from them easily. And I think that’s the right thing to do, you don’t let your past losses define your future gambling outcomes. Gambling market is unpredictable, and so are the outcomes.

In reality, yes. The current leaders are just continuing the legacy what their ancestors have started, that sometimes it’s not even their own choice to do it, but it’s their obligation to continue the leadership that their parents or grandparents have started.

And yes, financial status matters a lot. The rich will always have top positions in a certain society or government, while those who are raised from poor parents, they cannot take leadership roles but most likely they remained as slaves.

I don’t think discrimination happens here. The way I see it, it’s more like some countries are not actually on the list that their services can cater, so expect that if you are from one of those countries, you will not get the service that you want to avail. As simple as that, rules are rules and those exchanges should stick to it, and you should also learn to abide with it.

However, it’s true that with bitcoin, everyone is entitled to have it. Simply because bitcoin is for everyone, so all of those who aim to buy bitcoin from different regions can totally have it, it only varies on their buying capacity.

You are right, trading doesn’t guarantee a better life because there are even a lot of traders who are at loss than those who are at gains, but if you know how to do the right thing with trading and you are doing it skillfully, strategically and most of all, with patience and discipline, trading will definitely give you the most positive future outcomes.

However, for those who are just trading just for get rich quick, they aren’t actually trading, but more likely they are gambling on their trades.

Welcome to the forum. First of all, what you are feeling right now is normal for beginners like you. Since you have no real knowledge about bitcoin and the rest of the cryptocurrency and its market, then expect that in the first days you will still struggle to understand the threads in the forum.

I suggest you go for extra research and study. Don’t just limit yourself inside the forum, but explore also YouTube and other reliable sources that would lead you to understand all about bitcoin and the likes. It’s really a matter of self-motivation and patience. But just a piece of advice, do not force yourself to learn everything in a short span of time. Instead, take your time and enjoy every learning opportunity even outside the forum.

While I assessed these two options, if OP is really aiming to experience trading, then let him trade but not the whole amount of 1 million Naira, but maybe 1/4 of it so that he can really assess on his own if trading will work for him. If not, then proceed to investing, that’s simple as that.

We all have different points of view about this, but for me, in order to maximize the future outcomes, then we have to seriously prepare for it. Trading is highly risky, so you have to learn proper risk management first before proceeding into trading.

Mine is when I totally ruined all my salary into gambling, that really made me feel I’m very irresponsible in my decision making that I let myself get caught with my gambling urge. But that also taught me about gambling the hard way, something that until now, I’m always reminded of it not to make wrong decisions again towards gambling.

Acceptance is the only key. Just embrace your mistakes and learned from it, that’s all. There’s no use blaming yourself, that will only lose your self-confidence. And from then on, I’m no longer getting attracted with betting all-in. That will only ruin my whole bankroll again.

Learning how different sports work creates a good opportunity for you to be able to familiarize how to make possible income within that specific sport, so that in the future when you decide to bet on it, you will no longer have a hard time understanding that kind of game.

However, since we are gambling, engaging into different kinds of sports will only contribute some kind of confusion and pressure instead of trying to build your focus and attention to a certain sport that you think you are knowledgeable the most and you have good background on how to play that game and how those certain teams or players perform in the game. With that, you will gain higher rate of winning from your bet, especially if you know the game well.

Trading is more than acquiring knowledge, its technical and fundamental analysis, and even if you have those basic skills and strategies that work for others, still there is no guarantee that trading will be profitable on your part, most especially for a beginner like OP.

You know, trading is more complex than it seems. You are trying to win in such a speculative market, that’s why it’s really hard for us to gain sustainable profits. And if ever we have gained at first, that does not mean that there will be fixed outcome the next time we trade.

In fact, every trading opportunity comes along with challenges on how to end it up favoring on our side, because mostly, no matter how positive our trades look like, we still end up losing due to unpredictable and unfavorable market behavior.