I agree with this, it might happen that OP is more expose where Bitcoin is being traded in a centralized exchange but nothing in fundamental changed in Bitcoin. Which means that if it happens that centralized exchange fails at some degree, bitcoin can still operate and maintain it's value because it is more likely to operate according to original purpose. There is no middle man or institution in between, only P2P.

In short, if you don't have brain to analyze and uncapable to have emotion while trading, then psychology would probably be illusion for you. Because guess what? Emotion is everywhere in trading especially in crypto market. Every spike in volatility going higher or lower is just emotions and convictions of people trying to buy at low price and sell at higher price. The way you are thinking is fact that Psychology is real. In trading where it's a battle of metal resilience, it is important hat you have a strong sense of psychology in terms of winning and losing.

Even not  small account. A demo account would be enough. But most are not willing to submit to the process. Because why would you go to screen to play with paper money and learn price action first right? Why do that when they can just simply put a random trade, pray over it to win. Most grow into that unbeknownst to that what they are doing is gambling is not trading. In trading there must be a repeatable system in play.

It won't. Acquiring the skill means that you are accepting the fact that anything can happen in the market. That your wins and losses are perfectly painted in probabilities. Having the skill in trading is knowing when to take the risk and when not to. Because losses are normal part of the game in trading. It's like taxes or transaction cost that need to be payed to be in the game.

I would say that in any form of investing, until you are sure 100% of what you are doing only then you are allowed to use your hard earned money. If not leverage the use of paper money. Because you can learn the same thing using it. There's no risk for you because early on your real focus should be on learning, and in learning phase you are going to lose a lot. So it's either you control losses with real money or take risk with paper money until you are confident.

I'm on the same page with this. Because OP's timeline on his goal is too short for him. He was like asking for 10x from his risk. That could lead you to impatience, and if you hit it so hard just to reach your financial goal then you might find yourself over risking or overleveraging because you want it fast. You want it right away at the end of the day. Take in mind that trading or even on investing it is about patience and keeping the money. Not multiplying fast.

The thing is, as much as you enjoy it and you're not disregarding the life that you have right now then gambling is serving you good. But if you see it, as a fulfillment of life then you're doing it wrong. Just treat it like a hobby. Not a job because it would put you a stress. Not as an addiction because it will take away your life from your family or career. Just play it like how you play your guitar ono your past time. And maybe, you get some jackpot some times or even just penny win. As long as you enjoy it.

I also believe this is what real luck looks like too. It is to be able to play with a much reliable online casino as if it is like operating real time. That when you need support, you can easily contact chat support. That's how you can tell if the casino truly cares for their participants. That's how you can see your own luck. Because at the end of the day, gamblers will look back with their experience and if they are satisfied with it, they may probably play with them again after a big win or loss.

Would love to add value with you sah!

Bitcointalk Username: Natsuu
Blackjack.fun Username: _humblefranz

Yes! the thing is that if you do this correctly over a long period of time, you won't see this as gambling alone but an opportunity to expand from yourself. However we have different psychology and most people cannot handle the same stress and level of thinking necessary to keep the mentality. You need not only to be carefree of money or have a probabilistic mindset but also the resilience over the tough times.

If you want and edge on this industry, you need to meet new people, those who are more informed or well connected. So you can learn from them too. And you also need to give value back, that's why you also need to learn new things of how money works.

I would somehow agree onthis because stopping someone from gambling, especially if they’re already inclined towards it can be really challenging. For young people who haven't reached adulthood or right maturity to take it, gambling can be particularly harmful. Without a steady income, they might resort to harmful behaviors to support their habit, which can lead to serious consequences for themselves and others.

On the other hand, adults usually have more control over their gambling habits and access to funds they can afford to lose, though it's still important for them to gamble responsibly. For those who are younger and has more access in online casinos, it’s definitely more beneficial to focus on things that contribute to their personal growth and future. They may prioritize education and other productive activities can set them on a better path. It's crucial to guide them towards positive pursuits rather than letting them get distracted by something as potentially destructive as gambling.

Oh man, that brings back memories! The most meaningless and embarrassing bet I made was definitely during my childhood too. We were playing football, and our ball kept flying into the neighbor's yard. The neighbor got so fed up with us constantly asking for the ball back that he started getting really angry.

So, in our infinite wisdom, we decided to play rock-paper-scissors to see who would be the next unlucky soul to ask for the ball. Of course, I lost. I was too scared to face the neighbor, so I decided to climb over the fence instead. Halfway over, the neighbor's dog came charging out, and I freaked out and ran away, leaving the ball behind.

Not only did I lose the bet, but the dog ended up playing with the ball and completely destroying it. Talk about a double whammy! What I mean is that you can have any experience in your life and have some betting to have some twist on it. And it's common sense too, but you just need to be responsible of the outcome.

Absolutely, I always research the casino features before diving in. It’s fascinating how casinos manage to offer similar rewards yet keep things interesting with their unique twists. The welcome bnuses, free spins, and other perks definitely make the experience more enjoyable and can give you a little extra edge when starting out.

From the casino’s perspective, these rewards are a great strategy to attract and retain players. However some are just their marketing gimmicks that their promo has already ended or those features cannot be applied anymore.

Yes and you cannot just hide the facts. Those people who shares their stories are probably already gone through the same problems which the thread wants to discussed and since they want to help, then they are sharing their lessons so that other people will learn from. It could be their experience on how to deal with their family, having conflicts with others, fixed gaming and more.

Gamblers won. They do. The problem is they lose more money that they win. Causing the, to have frustration then they will bet more even they are losing until they gone bankrupt.

Yes I think we could tell it depending on the game type. It's sad to say that something is rigged and already planned ahead in terms of sports, but as a gambler of the same genre the best thing to do is to adjust. You can chose whether to still bet on it or let it passed and wait for other games. You can chose whether you want to risk or better me preserve the capital that you have. It's an accountability of the gambler and I think that's the beauty of it.

This is the realest answer I could see. Because if you are losing, then it's the best time to derisk. get off some or half of your original risk because you are not lucky from that day. Since it would take you more time, it will require you patience and the discipline to wait and not just take gambling again randomly and bet a lot wiihtout any analysis for conviction. it's better to get back your money but in a longer time than losing more money faster.

However in trading and investing you must not only just mindlessly taking risk but also taking calculated risk depending on the current market situation or sentiment. Your main goal in this market is to win more money than you lose it. Because you cannot avoid losing but you can minimize it. You also have the control to be able to hold in losing position until proven wrong and not be fearful when market is in worse certainty. Yes taking risk is essential. But managing it with the best of your ability is what will set you aside from the rest.

It is. And that is sad reality, in most times that the gamblers irresponsibility affects the life of the people around them. It is their family getting bothered by loan shark not them. It is their family being threaten by their debts, not them. That's why most family collapse or marriage people getting divorced. Hopefully this type of threads reached the people who needs this to reach their awareness and change something of their life. You are there to gamble and make money. Not to lose your mind and your family. So bet responsibly.

I'm agreeing with this. The moment to put in your bet or your capital in a position that you think of would win, you already lost that money. Because you already handed it out for risk. Unless you withdraw it as a win and reflecting in bank account then it's already true. What I mean is that you lose in this game in order to win. So how can you expect this as a primary source of income if you are also constantly losing your money. In gambling it is very random and much more like a game of luck. In fact 95% percent of the participants lose and only 5% wins.

No. If I'm rich enough, I will lessen my exposure into it and instead dedicate my time to my family and my passion. In terms of money, I would put it on a business or a secured asset that would help me generate income to make my ends meet. Because at the end of the day, my reason for gambling is to support my family and when I have the money to do that, I will stop and pursue things I truly want. It's like a target hit and needed to put my aim on another target.