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Everything is exactly as you described and I follow the same advice. Usually, when I experience such streaks it indicates that I am tired and need to switch to something else. Or it simply may not be my day which is also a possibility. In that case it's better to stop for a while.
switching between games usually refresh the mind, for example you are too focused on the football matches, you got bad streaks you can easily switch over to UFC or basketball or whatever sport that you have knowledge of then it works as sort of mind refreshment when you see new things.personally I really like footballs, basketballs and UFC even sometime its chess too, you know betting on those definitely have different experiences, even more so when you are watching the matches you definitely gonna have that pump of adrenaline.
but overall if you face lose streak, then its better to just rest for a week or a month to keep your mind fresh, always remember everything thats excessive isn't really good for you there is reason why people doing too much thing might messed up just like working, business and so on.
forcing your way out of problem after series of lose streak will make things worse only so this advice is really good for those that contemplating whether they should just force their way to make up for their losses.
You’re right, it does sometimes feel like just a distraction. But think of it as hitting the reset button rather than escaping the problem. It's like taking a deep breath when things get too intense. it doesn't solve everything but gives us a clearer head to tackle issues with fresh eyes.
And absolutely, stepping back after a rough patch isn’t just wise, its necessary. It's that ability to recognize when to pause that can really make a difference in the long run.
Plus, its always a thrill to dive back into the game with renewed energy and perhaps a better strategy.
I’ve been on losing streak for almost 3 weeks of gambling, not daily but in random basis for over 3 weeks. Mostly I play only live blackjack using small bankroll around 50$ to 100$ . No matter what I do, slow play or whatever betting strategy makes me lose since dealer card is always so good around 90% of my game.
What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.
In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.
In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
What I did is I stop gambling for a week and decided to try different game so that my mind will be fresh and positive. I play slot games and manage to win huge amount that is enough to recover my 3 weeks losses and gain a decent profit. I’m just using small bet on slot games when I hit the huge jackpot.
In conclusion, if you are already having a rough time on playing same game over and over despite you have a good experience on it before. Trying new games to you and taking break will help you to snap out of your losing streak because chasing losses usually make us trap on our losses.
In your case, how do you approach when you are on losing streak so badly on specific game. Does changing game works for you?
Everything is exactly as you described and I follow the same advice. Usually, when I experience such streaks it indicates that I am tired and need to switch to something else. Or it simply may not be my day which is also a possibility. In that case it's better to stop for a while.
I think that for such a player, who has contracted tuberculosis, it is most likely not interesting to place bets alone, sitting in his apartment and actually being isolated from other people.
It is true that for many players it is very important not just to place bets, but to discuss them with other people. It is from such a discussion that, firstly, the decision on bets is made not only by the player himself, but also by a group of people with whom he discussed the bets.
Secondly, the player has someone with whom to discuss, one might say almost professionally, the bet that he is making. This communication can be even more important for a person than winning or losing in the game itself.
So this sick person is unlikely to be as comfortable and interested in gambling while sitting at home at the computer and alone. This game probably won’t replace a physical casino for him.
It is true that for many players it is very important not just to place bets, but to discuss them with other people. It is from such a discussion that, firstly, the decision on bets is made not only by the player himself, but also by a group of people with whom he discussed the bets.
Secondly, the player has someone with whom to discuss, one might say almost professionally, the bet that he is making. This communication can be even more important for a person than winning or losing in the game itself.
So this sick person is unlikely to be as comfortable and interested in gambling while sitting at home at the computer and alone. This game probably won’t replace a physical casino for him.
I also think that a person who has tubercolysis is something very delicate, and yes, I understand that he has to entertain himself but it is something that a Person like this must do to entertain himself. I would call him to read, not to make plays in the casino because the same frustration of the Illness can make you lose, because if you don't take good care of it, that illness can be very delicate, that's something that everyone thinks, I have a friend who had that illness and it lasted 5 months and he couldn't leave home, plus Since this disease is so contagious, he was always locked up in his room, the truth is that it made him depressed, and he didn't see how he could entertain himself, so as he came out of that disease, one of the things he did the least was think about playing, he was Very evil.
For someone dealing with an illness like tuberculosis the isolation necessary to protect others and manage their health can indeed make gambling alone less appealing and even detrimental. I agree with the suggestion to find other forms of entertainment that are less risky and more enriching during such a trying time. Important to focus on recovery and find joy in activities that contribute positively to one's health and happiness.
Well then, of course, only online games can partially brighten up the life of such a player. And of course, it is completely unacceptable to walk around and spend a lot of time in public places with such a disease. This can even be said to be a crime against other people who may become infected with this dangerous disease.
But isolation for six months or a year before recovery is still not so critical compared to the danger that such a player can pose to strangers around him.
I completely understand your point but the fact that he is a truly gambler cannot be an excuse for his irresponsible behavior towards others. Yes, he can make choices regarding his own health and life. However, he also risks the health and well being of others which is inexcusable. A responsible people would promptly take all necessary measures to improve their condition or ensure they do not infect others especially in crowded places. In such cases, support from relatives or friends can be extremely important. And yes it seems that he is just desperate.
Absolutely! Treating gambling as a fun activity rather than a money making endeavor has really been a game changer for me.
Good to know that someone enjoys gambling as an entertainment rather than a way to earn money. I personally believe that gambling is a great choice for the ones who are stressed but only if they consider it as fun activity, when they start thinking about earning a lot of money from it then things go wrong and such people won't be able to destress themselves by gambling.Thank you. In fact in my circle I only encounter those who are aware of what they are doing. I am aware of the potential for self-deception and addiction but I have never personally witnessed or experienced it. Perhaps that's why my perspective is what it is. However, even in moments of intense emotion, my judgment remains clear because I always keep in mind the amount I can afford to spend on today's game.
There are many gamblers who do not think of gambling as entertainment. They give the most importance to financial matters. But there are many who expect to win in gambling and are also prepared to lose. In each bet they can take as much risk as they can afford. There is no alternative to risk in order to win in bet gambling. I myself take risks and try my best to win even if I don't have any regrets because I know that if there is no luck here I will never win. So bet only the money that I am prepared to lose. I have not only lost in gambling but I have also won a lot. I enjoy both money and pleasure in gambling.
I can agree with you because, in reality, even if gambling is a way of making money for you, it can still be a responsible gaming. We all take risks in one way or another, but we dont put everything on the line. This might not be the main source of income or it might be the main one (as in the case of betting on sports for example) but either way, these are well thought out strategies and justified risks. In any case its important to act wisely.
Lies like that in the first post here in the thread are not hurting ones,they don't do any harm,quite the opposite they give the woman what she wants to hear from her husband and the husband can keep to himself that he loves gambling more than her at certain times.The only harm I see in such declarations is exactly the signs of addiction I see in here,if they truly care about gambling more than anything else then this is a big problem which they need to fix as it will undoubtedly hunt them after some time have passed,the wife will find out and that is how a big number of divorces happen,the biggest number in the country where I live is exactly from gambling.
Yes, lying here indicates underlying problems. A happy person is unlikely to fabricate stories to hide their harmless preferences. Typically, a person lies because they are ashamed: either they fear judgment, feel they are addicted but don’t want to confront the truth, or, despite not being addicted, they anticipate misunderstanding from their partner. Any of these reasons suggests issues both personally and in their relationships
Hiding your gambling activities or lying about it could sometimes be a sign of gambling addiction. Like if you come to think of it , why hide something if it's right or doesn't have something more to it ? One of the biggest issues of hiding gambling activities from the people around you especially family members is when they eventually find out without you breaking the news to them before then. Majority of the they view it as a scenario where the feel they are distrusted by the gambler.
This can cause relationship and emotional issues. Also , as a responsible gambler I don't think you should measure the love you have for your loved ones like your wife with the amount of fun you have when you gamble except you are probably an addict.
This can cause relationship and emotional issues. Also , as a responsible gambler I don't think you should measure the love you have for your loved ones like your wife with the amount of fun you have when you gamble except you are probably an addict.
same thoughts. Responsible gambling means enjoying it without letting it interfere with family commitments. Open discussion and management of gambling within the family context should be possible without secrecy or guilt.
their collapse seems unlikely in the near term. Central banks play a crucial role in economic stability and have tools at their disposal to address various economic issues.
There are over 8 billion people in the world and 195 countries. Not everyone will lose trust and confidence in central banks no matter how bad it becomes. Not all governments as well would deteriorate even if it seems that way.
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If hypothetically, trust in fiat currencies were to erode significantly, it could lead to increased interest to Bitcoin.
Like you said total domination of bitcoin is not gonna happen soon but as everyone slowly realizes the potential of bitcoin let us take advantage of it.
What about synergy? Many countries are already rolling out digital versions of their currencies. It looks like cash might take a back seat as everything moves online. I think this is our nearest future.
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I guess the decentralization of the world's economy will remain a long and distant dream. Central banks will only get bigger and stronger over time. I fear a "global reset" is approaching with the launch of CBDCs. Who knows what the future of our society will be?
But I want to ask you what a decentralized economy would look like and how it would work in your imagination? Honestly, I can't imagine what a decentralized economy would look like and function without government. The world will not have any controls or regulations, everyone will be free to do what they want without fear of being fined or arrested...In my opinion, it is a chaotic world, not the freedom that many people expect.
Decentralization is necessary and effective in certain areas, but it is not a good thing if everything becomes decentralized and out of control.
I agree with you. Governments will find a way to adapt to new technologies rather than just standing aside. Control is necessary, but the real question is how it will be implemented. If we evolve to a point where sensible rules and restrictions actually grant us more freedom in how we use our money, then that would undoubtedly be a breakthrough for both the economy and society as a whole.
Have you notice? In the streaming community, the influence of gambling is getting worse. Have you noticed that many streamers have started to stream gambling and promote it? Sad, but it's the reality. I'm noticing that the streamers I'd used to watch because of their gaming contents and also streams that they do while gaming are fading; they are focusing on and promoting gambling platforms, and the alarming thing is that those streamers used to have young viewers who also played the games they were streaming, and suddenly they left it all out and changed what they streamed, which was gambling.
I don't blame them, but the thing is, they sell their dignity in order to promote gambling, maybe because the offer is too good for them to refuse, but the concept of them abandoning their dignity and ignoring the fact that they could have a bad influence on their viewers, even if they put a warning about being responsible in gambling, the thing is, people or viewers will for sure be attracted if they see the streamers getting or winning too much money. And the theory is that, what if the money or account they are using is not their money or account? Is it an account from the gambling platform that they let the streamers use in order to promote the platform? I can't ignore the fact that a theory might be possible. Anyway, what do you think? or can you say about this streamer transitioning to streamers whose content is gambling? Feel free to share your insights.
I don't blame them, but the thing is, they sell their dignity in order to promote gambling, maybe because the offer is too good for them to refuse, but the concept of them abandoning their dignity and ignoring the fact that they could have a bad influence on their viewers, even if they put a warning about being responsible in gambling, the thing is, people or viewers will for sure be attracted if they see the streamers getting or winning too much money. And the theory is that, what if the money or account they are using is not their money or account? Is it an account from the gambling platform that they let the streamers use in order to promote the platform? I can't ignore the fact that a theory might be possible. Anyway, what do you think? or can you say about this streamer transitioning to streamers whose content is gambling? Feel free to share your insights.
Its definitely noticeable how many streamers have shifted from gaming to gambling content. Yes, its a big change.
But, I dont think its all bad. Many streamers are really transparent about the risks and responsibilities of gambling. What matters most is how they handle the change and communicate with their audience.
Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling
I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?
I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?
The first thing to understand is that chasing losses is a flawed strategy from the outset. Gambling should primarily be seen as a form of entertainment. Enjoy the games and genuinely celebrate the moments when luck is on your side. However if you find yourself on a losing streak, consider taking a break. Your gambling experience should be enjoyable and light-hearted. If it brings more sadness than joy, it's time to stop
just as eating the same food every day can lead to boredom, perhaps gambling too frequently might also become less appealing over time. However, addiction isn't just about frequency but also how we emotionally connect with gambling. For some, too much gambling might simply become boring and lose its excitement, which could naturally reduce their interest. But for others, especially those who are more emotionally invested, the risk of addiction could be higher regardless of how often they play.
I think that for such a player, who has contracted tuberculosis, it is most likely not interesting to place bets alone, sitting in his apartment and actually being isolated from other people.
It is true that for many players it is very important not just to place bets, but to discuss them with other people. It is from such a discussion that, firstly, the decision on bets is made not only by the player himself, but also by a group of people with whom he discussed the bets.
Secondly, the player has someone with whom to discuss, one might say almost professionally, the bet that he is making. This communication can be even more important for a person than winning or losing in the game itself.
So this sick person is unlikely to be as comfortable and interested in gambling while sitting at home at the computer and alone. This game probably won’t replace a physical casino for him.
It is true that for many players it is very important not just to place bets, but to discuss them with other people. It is from such a discussion that, firstly, the decision on bets is made not only by the player himself, but also by a group of people with whom he discussed the bets.
Secondly, the player has someone with whom to discuss, one might say almost professionally, the bet that he is making. This communication can be even more important for a person than winning or losing in the game itself.
So this sick person is unlikely to be as comfortable and interested in gambling while sitting at home at the computer and alone. This game probably won’t replace a physical casino for him.
I also think that a person who has tubercolysis is something very delicate, and yes, I understand that he has to entertain himself but it is something that a Person like this must do to entertain himself. I would call him to read, not to make plays in the casino because the same frustration of the Illness can make you lose, because if you don't take good care of it, that illness can be very delicate, that's something that everyone thinks, I have a friend who had that illness and it lasted 5 months and he couldn't leave home, plus Since this disease is so contagious, he was always locked up in his room, the truth is that it made him depressed, and he didn't see how he could entertain himself, so as he came out of that disease, one of the things he did the least was think about playing, he was Very evil.
For someone dealing with an illness like tuberculosis the isolation necessary to protect others and manage their health can indeed make gambling alone less appealing and even detrimental. I agree with the suggestion to find other forms of entertainment that are less risky and more enriching during such a trying time. Important to focus on recovery and find joy in activities that contribute positively to one's health and happiness.
I doubt there is a single one of us here that enjoy losing bets or money right ? if you do , I think you have some problems or you're mega rich and you don't care about money but 99% of gamblers really don't enjoy when they lose money as most of them are gambling to become rich and they are afraid to admit it and that is the first sign of addiction. For me , when I have a losing streak , I stop betting and maybe after 2-3 weeks I will try another random bet to see if I'm still in the same situation or my inspiration and luck are back. 
In fact, no one enjoys losing money, whatever it is, including gambling. however, in some cases, including in my personal experience, the main problem is not how and where the fun of losing is. The point is that we are not gambling on something like that, but rather on enjoyable entertainment. The impact is a bonus as a win, the risk is a loss. That's the cycle I understand regarding gambling and all its risks. Based on my experience and hobbies that I like, every bet we make is done with various goals, but generally how we can win. But as we know, in gambling everything is possible. the possibility of losing, or the possibility indeed and for me the true essence of gambling is like that. Well, usually I don't focus too much on the losses or even the wins. In this case, I prioritize how the match progresses, and how both teams display their game. Modern football in the style of Manchester City, Bayern Munich in the style of Nagelsmann and Arsenal, is more adrenaline-inducing and enjoyable. The problem of winning or losing is part of the risk. but for me, satisfaction itself is the basis for me betting. But, personally I agree with what you said in this post.
I fully support your view. Indeed while losing isnt enjoyable, it doesn't lead me to depression since its part of the game. This perspective seems to be the healthiest approach to gambling. In fact statistically I think less than 1 percent of gamblers are genuinely addicted. it's just that they receive more attention. There's usually not much to say about the ordinary players
Even someone took them to play on the game and they finally loss the game with the amount showcase here, they don't have to nlame anyone but o themselves. Because there were two options for them to select. Either they say no or accept the influence. And they accept the influence and luck gone out from them. And I don't think in the amount would just leave the opay without their permission. That their part of the story is like a blasphemy because Opay is one of the best online banking apps in the country.
And we don't have to blame anyone foe our downfall and mistakes we do in life. Gambling is purely for luck and if you don't have the luck to win and anyhow you try there would be no win. So they should not blame the App.
And we don't have to blame anyone foe our downfall and mistakes we do in life. Gambling is purely for luck and if you don't have the luck to win and anyhow you try there would be no win. So they should not blame the App.
Absolutely! Accepting the outcomes of our choices is part of being responsible. When we gamble we must be ready to handle both wins and losses gracefully. And its so important especially for adults to set a good example of accountability. I hope this story will teach them
I think if a person blames someone that he has lost in gambling that he should not be a gambler 
A gambler is not so weak that he starts to cry about losses and blame other people that because of someone else, he faced the loss. He chooses to gamble by his own will, no one forced him to gamble and therefore in case of a loss, he is solely responsible for this.
I have learnt over the passage of time, that you are alone in gambling when it comes to the money in gambling. If you win, the money is yours and if you lose, no one shares or take the responsibility of the loss. The profit from gambling is only for the person gambling and the loss is also for the same person.
A gambler is not so weak that he starts to cry about losses and blame other people that because of someone else, he faced the loss. He chooses to gamble by his own will, no one forced him to gamble and therefore in case of a loss, he is solely responsible for this.
I have learnt over the passage of time, that you are alone in gambling when it comes to the money in gambling. If you win, the money is yours and if you lose, no one shares or take the responsibility of the loss. The profit from gambling is only for the person gambling and the loss is also for the same person.
I completely agree with you. Gambling is an individual choice and with it comes individual responsibility for the outcomes. Its all too common for people to seek someone else to blame when things don't go their way. While shifting blame might offer temporary relief it doesn't change the reality of the situation. Recognizing and accepting the results of one's actions is not only part of gambling but a fundamental aspect of mature behavior.
Hi I won 7 figures on soccer betting over the last few months and withdrew the crypto to my cold wallet, how can I sell this crypto and avoid paying taxes?
Great to hear about your winnings, seven figures is impressive!
However, I advise against trying to avoid paying taxes. It’s not only the right thing to do but also frees you from potential legal complications in the future. Instead, focus on managing your tax liabilities effectively and legally.
But it cannot be denied that there are many people whose goal is to get a lot of money from gambling.
Only a few of those people earn money from gambling because they are very lucky and because of their exceptional luck they win the house edge of the casinos. Most of the ones who look to make money from gambling end up getting addicted to it, and instead of making money they lose money.I know we can't consider gambling only as fun activity as it can be a source of income for very lucky people but if we go deep in it then we can understand that those lucky fellows are less than 1% of the gamblers.
That's why I believe if someone wants to start gambling for fun then it's okay but if someone gets into it for money part then they might get discouraged if their luck isn't exceptionally good. I believe that one should look for the entertainment when they start gambling and if they're lucky then they might get some money as well.
Absolutely! Treating gambling as a fun activity rather than a money making endeavor has really been a game changer for me. It’s my way of enjoying a little thrill and excitement from time to time. Winning big would be amazing, sure, but it wouldn’t change the fact that Im really in it for the good times and the adrenaline rush.
I think that as long as we are still gambling we have not achieved a significant success or something similar.If we had achieved something we would have probably stopped the intensity at least of our usual gambling sessions.I personally have not achieved anything elevant or significant as for me such thing to be called a success I need to win a minimum of x30000 multiplier or higher and I don't care about the bet,I would be happy even with minimal bet to achieve such multiplier.
The money we win time to time when we gamble is also an achievement, their are people that don't do any other thing except gambling and they are doing very well a lot of them are basically doing very well, and i have won some money for my self and i have used the money to get my self some nice things, and that is why i said gambling is an opportunity for me to also make money. not everyone will make money and some times i experience loss to. gambling is always sweet when you are making money but when you lose you wont be happy at all, all you can do is continue your luck will shine someday it will happen when you don't even expect it. gambling is something of luck and expectation, you might have high hopes and you still might not win so just stay positive.It's true, the winnings can feel like a real achievement, especially when you use them to treat yourself to something nice. Like you, I've had my share of wins and losses. It’s always a thrill when you win, but the losses are part of the game too. As you say, staying positive always the best!
Re: Can people still get the addictive nature through friendly games
I completely agree with your perspective. Playing games in a casual, friendly setting really strips away the high pressure elements. I think it's more about enjoying the time together the absence of serious consequences in friendly games keeps it all in good fun.
Playing games in a relaxed atmosphere usually doesn't matter about winning or losing because a person or group of people is enjoying their holiday or spending their free time with their friends. I sometimes do things like that, although not too often because I'm hampered by my own personal busyness, but things like that are quite fun, especially if our friends have the same frequency in playing the game regardless of winning or losing.I guess this is the most enjoyable part of gambling when you visit a physical casino with your friends and enjoy the time. Even if you do excessive gambling on that occasion it is bearable because you do not gather with your friends often and at that time those friends can relax and gamble more than they would usually gamble, if they were not together. In such times, if you lose a bit more or gamble like addcitive gambler, it is no harm because we know that this time does not repeat often.
I sometimes do such activities and it is the most memorable time of my life, spent with friends and gambling at the same time. The fun usually become double when people won in such times and then the friends can move out of casino with money in hand and enjoy a lunch or dinner together with the winning amount.
it's really cool! That's what it's all about - making moments with friends, enjoying yourselves together. What you're describing is exactly the kind of conscious choice that makes gambling with friends a memorable experience. When all this is for pleasure, having fun and unwinding together. When it’s all done in good spirits, that’s when you know you’re doing it right.
In general, I realized my mistake and no longer made my bets while I was tired. Concentration is the most important thing in any effort we make, and we must always be at full mental strength, as there are many factors that may affect your chances of winning or losing.
When we're tired, our brain isn't fully alert. its like its half awake and half asleep. Of course, we could push ourselves to keep going but the best option is to rest fully. Im sure after a good rest, playing will be much more enjoyable
Re: Can people still get the addictive nature through friendly games
Someone who isn't a regular and aggressive gambler cannot do something like that. If I'm not a regular gambler, and I barely make a bet or two, and if I'm invited to a get-together where we have to play friendly and non-gambling games, I wouldn't do anything like that because I wouldn't have that thing in me that would keep tickling me to become aggressive and start making arguments and take everything very seriously and make the environment tense.
What he did shows that he is either already a gambler or he has a very aggressive nature because you will also find people who are naturally aggressive to do things like that no matter what they are doing, they get serious in almost everything they do even if it is a friendly game being played among friends.
What he did shows that he is either already a gambler or he has a very aggressive nature because you will also find people who are naturally aggressive to do things like that no matter what they are doing, they get serious in almost everything they do even if it is a friendly game being played among friends.
I agree with you. People who tend to gamble too much might act similarly in other parts of their lives. Home games just don’t give the same thrill as casinos, so I doubt things can change that quickly
So, when I came across that post on reddit, I couldn't help but laugh really hard, and also imagined how many of us gamblers out there are telling one lie or the other just to cover up our gambling habit..
I don't think the person telling the story lied to cover up his habit of gambling, his wife may have known about him gambling but what she didn't know was that he considered gambling the favorite part of his day and not the time spent with her. Telling the wife the truth that whenever he gambled was the best time of his day is a statement capable of ending the marriage. He is a chronically addicted gambler who does not want his partner to know how addicted he is to gambling, and an adicted gambler who will not easily change.It's really sad and puzzling. Why do people stay in relationships that bring them less joy than gambling? This could indicate a dependency, or perhaps it suggests a need to find a partner with whom they can truly be happy. In any case, if you're engaging in activities that don't bring you pleasure (be it gambling, relationships, or any form of entertainment) it's a clear sign that it's time to stop or make a change
With central banks struggling to keep inflation under control, people are beginning to lose trust in the traditional financial system. Some politicians (eg: Javier Milei) even suggested to abolish central banks as they're the main cause of the world's economic problems.
If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?
What's your opinion? Your input would be greatly appreciated. Thanks.
If the global economy continues to deteriorate, do you think central banks will collapse? If that happens, it will be the end of Fiat for good. In such a scenario, do you think Bitcoin will become the currency of the world?
What's your opinion? Your input would be greatly appreciated. Thanks.
their collapse seems unlikely in the near term. Central banks play a crucial role in economic stability and have tools at their disposal to address various economic issues.
If hypothetically, trust in fiat currencies were to erode significantly, it could lead to increased interest to Bitcoin. However, for Bitcoin become the dominant global currency, several substantial hurdles need to be overcome. So while the role of digital currencies is likely to grow, the complete replacement of fiat by Bitcoin in the near future seems improbable.
Economic systems are intricate and usually change gradually over time rather than suddenly shifting all at once.
Re: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game
You know how casinos lay it all out, they're taking a gamble just like us? But get this, brokers might just be outdoing them in their own sly way. I’m saying brokers might actually be worse. Why? They’ve got this neat, little setup where they rake in their shares through bid-offer spreads and commissions, all while carrying zero market risk. It’s like having their cake and eating it too, but in secret. We’re all out here rolling the dice, while brokers are the house, cashing in risk-free. What’s your take? Are brokers just silently stacking the deck, snagging a surefire win with every trade we make?
It's true that brokers have structured their business so they profit from transactions regardless of the market's ups and downs.
While it might seem like they are stacking the deck, it's also worth noting that their services provide us the platform and opportunity to trade and invest. However, I do agree that as traders, we need to be aware of the costs and ensure we're making informed decisions to manage our risks effectively.