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Showing 20 of 5,466 results by m2017
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Board Gambling discussion
Re: What is your point of no return?
by
m2017
on 25/07/2025, 19:29:45 UTC
As the questions says, when do you stop? your point of no return?

a. at least double your money, then stop
b. you only stop when you have lost all your bankroll money and then blame the casino?
c. or you are a superstitions gambler, when you have signs like losing 3 straight in a row, then you quit because you know that you're having a bad luck
d. you stop when you are at least break even

I didn't include chasing your losses as obviously you might to continue.
My choice is a variation of option b.

Losing bankroll is a sign that need to stop, but without blaming the casino. Why blame it if it is a "regularity" when the casino's role is to "pull" money out of you. Blaming the casino for this is like blaming the sun for shining and the wind for blowing. That is, it cannot be changed in any way, but can only be taken into account as a very important factor in gambling activities. In the case of gambling, it is always "to be on guard" and remember that the casino is not a place where money is simply given away, but a place where they will try to take your money and you will have to snatch the "victory" with force.
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Topic
Board Gambling discussion
Re: What is been professional like to you?
by
m2017
on 25/07/2025, 19:19:46 UTC
Is been responsible with gambling all it takes to be a professional gambler or someone needs to win in the process many times already to be considered a professional gambler?
To be called a professional gambler, it is enough that gambling is your only source of income (means of existence). Of course, an unemployed person who has won his last $100 can't be called a professional gambler. That is, these incomes must be at a sufficient level to ensure life (a rather "vague" and "stretchy" interpretation).

I have always win less, no reason to lie but I get curious when I see gambling related posts online about people pointing to some gamblers calling them professional and the only vital point of this all is because they won many times in their own way.
In general, these people are right. Many victories are already a demonstration of the presence of "knowledge and skills" that allow you to "earn" on gambling, as if it were a job.

What is a been qualified as a professional gambler in your own world? The winning part or the responsible part of trying to avoid addiction is all.
This means systematically finding yourself in financial profit in gambling activity, allowing to have a stable financial position.
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Topic
Board Bitcoin Discussion
Re: Should I depend solely on Bitcoin?
by
m2017
on 24/07/2025, 17:35:19 UTC
A friend of mine just got into Bitcoin, lucky for him, his successful. Before he started Bitcoin, he was actually into a good business of selling artwork which wasn't so bad. So he got introduced to Bitcoin and had a quick success. It's actually a good and exciting thing to see someone progress fast like that, but he quit selling artworks and other little businesses that kept him going he stopped, he now depends fully on Bitcoin. Bitcoin is the king no doubt, but From my Point of view I think that depending fully on it might be risky to you financially. I don't recommend anyone to depend solely on Bitcoin or any single asset. Bitcoin can fluctuate rapidly and market volatility might impact your financial stability. It is actually very risky to invest in a single asset. The part that scares me the most is that my friend has put all his resources into this one asset. If am wrong please correct me. Thanks
If the business is successful, why stop doing it? Why deprive yourself of a reliable source of income?

Either your friend is not quite sane, or your story is not quite truly true.

Regarding "making all bets on bitcoin", you are right, it is quite risky and for this purpose diversification was "invented". No matter how promising bitcoin (or any other asset) is, it is wiser to invest only part of your income in it, and divide the rest into other types of assets (real estate, gold, business or even a bank deposit or a wad of money under the mattress).
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Topic
Board Hardware wallets
Re: 6 years old Trezor Model One just died?
by
m2017
on 24/07/2025, 15:34:30 UTC
Anyone who got Trezor Model One here and just suddenly doesn't turn on anymore?

Mine is already 6 years already, last year, there are horizontal lines on the screen, but I can still use it.
But a few months ago, I could still turn it on; there was still a display, but only lights.
Now, there's totally no more light, like I'm not sure if I can still turn it on or not.

Any idea how to fix this, or some workaround so I can still use it?

P.S. I still have my recovery phrase backup.
That's why I have repeatedly recommended buying 2 hardware wallets (from the same manufacturer) so that one remains as a backup in case of such device failures. This allows to maintain access to your crypto assets, and also, if it fails, parts of the broken device can be useful as spare parts in case of failure of the second device. It should be recognized that any device can fail and just be prepared for this (have spare parts for repair and a backup hardware wallet).

Perhaps the problem is with the display. Have you tried looking for similar displays in Chinese online stores?
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Board Economics
Re: Ensuring generational wealth
by
m2017
on 24/07/2025, 15:25:26 UTC
I hear a lot of young people wishing they can build generational wealth for their kids. The kids of their kids and the kids of their kids' kids. But is it really up to us? We can build wealth now and leave all our assets to our kids but how can be sure they can protect the wealth and make it grow even more?

Honestly the best thing we can do is to teach our kids and hope that all the things we got to accomplish for them won't be put into waste. Build your portfolio now. Invest in assets that will be profitable in the long term so you can leave this to your kids.
Money and capital are just one form of wealth. Knowledge and skills, business and means of production, as well as cryptocurrencies can be wealth. Keeping diversification in mind, you can pass this on in parts. That is, in order to pass on cryptocurrencies to your children, you also need to pass on knowledge about the use of these assets, and in general, information about financial literacy. Otherwise, without this, your efforts may be in vain.

There are no guarantees in this world. None. For anything. Everything is determined by risks.
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Topic
Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
m2017
on 24/07/2025, 15:16:35 UTC
As a gambler, have you ever felt this kind of mentality? That is, let's say in sports betting, wherein you bet on the long shot or a huge underdog but at the back of your mind, you thought that you will not win, but there is still small hope inside of you that this could be a life changing and so you go and bet with your close eyes. And this could be just you are relying on your luck and nothing more and that it could also be bad for us gamblers in the long run. But then again, we love to take risk and so maybe there will be some of us who might be already have this in mind as a kind of "strategy" and they could have won money already. Are you that type of gambler that has kind of mentality? It could be that is obviously flawed in the beginning so there could be gamblers that are now willing, or maybe as I have said, we might have been using it already but we just didn't know.
I had the same feeling in the past when I was "betting on luck" and had a premonition that this bet was unsuccessful, but I still made this bet. Of course, this bet could not change my life in a material sense, but it was still interesting to try to risk in this way. Unfortunately, this risk turned out to be fruitless.

It seems to me that no matter who bet on, the underdog or the favorite, in any case, the gambler still relies on luck.
Post
Topic
Board Economics
Re: UK government fools will sell the bitcoin
by
m2017
on 23/07/2025, 17:28:37 UTC
In the fucking shithole that the UK has become in the last decade, with progressive impoverishment of society, massive immigration, a two-tier justice system or expulsion of talent and wealth, we only needed the icing on the cake.

The UK Home Office is preparing to sell a massive stockpile of bitcoin seized from criminals, potentially netting the Treasury billions to address budget pressures, The Telegraph reported this weekend.

As if £7 billion is going to solve anything within a deficit of £164 billion. Let's see if it becomes a third world country for once, since they are working so hard for it.
Even now, when the future of bitcoin seems predetermined (countries and corporations will accumulate, and therefore the value will grow), there are countries ready to get rid of this asset faster. Instead of accumulating. I would not be surprised if another country was featured in this news, but to see the UK ready to sell bitcoin seems unusual to me. Or do members of the government know something that we don't know and therefore will get rid of bitcoin? Smiley Is a quick change in trend and a fall of bitcoin coming? Or is this the same short-sightedness as those European countries that sold bitcoin several years ago for "almost pennies"?
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Board Gambling discussion
Re: How can you enjoy the game when you are losing?
by
m2017
on 23/07/2025, 17:04:02 UTC
Many users claim that they play for fun. At the same time, they do not hide the fact that all the money is lost one way or another, quickly or slowly. If you are losing money, then how can you enjoy it?
Gamblers get pleasure only when they win, because "positive" neurotransmitters like endorphins are produced only in this case. When they lose, gamblers "get" only cortisol and similar "negative" neurotransmitters. It is technically (biologically) impossible to get pleasure from losses.

I could never understand this.
You would understand this if you realized that losing gamblers are just lying about "getting pleasure from losing."

But people generally do not play for research purposes. People just place bets more or less randomly, lose money and claim that they enjoy it. Is this stupidity or deceit?
First of all, it is a gambler's self-deception. Who wants to feel like a loser? No one. That is why all these excuses for losing are invented.

Maybe such people like the atmosphere of the game? But then why not play free games? But no, gamblers rarely play free games?
I have already spoken about this before. Want the atmosphere (pleasure) of gambling? Then play on an emulator (without betting real money) of gambling.

As you can see, gambling "for nothing" is meaningless for gamblers, which means they are not playing for pleasure.

Why? The answer is paradoxical - because you can't lose money there, lol! And after that you say that gamblers are reasonable people.
I would call these people "emotional". Smiley
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Topic
Board Gambling discussion
Re: What is the cost of your mistakes?
by
m2017
on 23/07/2025, 16:52:44 UTC
I assume that people come to the gambling industry as inexperienced people. And in the process of their activities, they gradually learn from their mistakes. Unfortunately, some of these mistakes are dramatic and cause us quite serious psychological trauma. As a rule, this is due to gross errors and stupid persistent beliefs that push us to the edge of the financial abyss.
And I believe that most gamblers never learn anything. We are talking "in the global sense", and not about the rules of the game or the strategy to win in these games.

So, how much did your mistakes cost?
In my case it was cheap, but this experience was enough for me.

Did they cause you a serious psychological blow?
I don't think so, but it allowed me to "face the truth."

What were your mistakes, did you learn from these mistakes and do you apply this knowledge in practice now?
My biggest mistake was believing that I had enough "luck" to win. I learned not to rely on luck and to chase "easy and quick" money. Oh yeah. I apply this knowledge - I try to stay away from gambling. Smiley

Were these mistakes simply painful, dramatic or catastrophic?
I would call these mistakes instructive.
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Board Reputation
Re: Hhampuz's Birthday 🎉 🎉🎂��
by
m2017
on 23/07/2025, 16:40:56 UTC

Hmm, judging by the candles, you are the only one Hhampuz invited to his birthday? Smiley Or do these candles represent a close connection between you? Smiley Otherwise, I can't imagine why you baked a cake in his honor. Smiley

Okay, jokes aside.

I don't know Hhampuz as closely as taufik123, but I can say that Hhampuz, from a professional point of view (fulfilling his, so to speak, work obligations), deserves only praise and his reputation on the forum speaks for itself.

I wish Hhampuz many years of life, of course, a forum life.
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Topic
Board Bitcoin Discussion
Re: How do i cash out old bitcoin legally without getting destroyed by taxes?
by
m2017
on 23/07/2025, 16:31:41 UTC
snip
I have mixed feelings about your story and doubts about its veracity.

You claim that you didn't take into account this money (2.5 btc), which means that you don't lack finances. Then you are ready to move to another jurisdiction because of these old "crumbs" left in your wallets, just to pay less taxes.

You also claim that you want to do everything according to the law, but at the same time you are looking for a way to evade paying taxes in your country (you are even ready to move to another country). Another contradiction. Do you want to evade compliance with the law within the legal framework? Smiley
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Topic
Board Gambling discussion
Re: Which is more regrettable?
by
m2017
on 22/07/2025, 17:05:07 UTC
Let's say when gambling, you follow a specific pattern. Let us use lottery for example. You bet on the same specific set of numbers. What would be more regrettable? Betting on the same set of numbers for the rest of your life and not winning or... changing up the set you bet on only for your old set to win?

Basically, would you rather bet on the same thing again and again then regret not exploring more or explore different kinds of bets then miss out on a win?
I consider both options regrettable and would not wish for either. Smiley Because in both cases the prize will be "0". Whatever, "0" is always equal to "0" and there can be no choice here. The result is the same.

I certainly would not prefer to bet on one number in the lottery for the rest of my life, because it would be extremely boring. And the chances of winning, I suppose, are very low.

It seems to me (an opinion based on a hunch, but not on mathematical calculations), there could be more chances if the numbers were changed every time. Or, it would affect the feeling of the possibility of winning.

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Topic
Board Gambling discussion
Re: Does the novelty wear off?
by
m2017
on 22/07/2025, 16:58:51 UTC
If you are extremely rich and you can just gamble up to your heart's content, does the novelty of winning wear off? Like would you get tired of gambling since there's really not much risks because you can gamble with any amount and still receive little to no consequences?
Whatever you do, the novelty effect wears off sooner or later. In gambling too. At first, even $100 will make you happy, but after a while, $10k will not be able to bring you enough pleasure and you will want to win $100k. The need for a "dose of dopamine and endorphins" will grow with each time.

And with the "endless" deposit of a rich man, the effect will be much worse, because the whole "charm" of gambling is in the "limited" deposit and in the sense of risk, adding "spiciness" to the sensations.
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Topic
Board Economics
Merits 1 from 1 user
Re: What Does "Being Rich" Even Mean Anymore?
by
m2017
on 22/07/2025, 15:26:37 UTC
⭐ Merited by slapper (1)
I used to think being rich was simple: big salary, nice car, maybe some Bitcoin. But as I grow up, I am not sure anymore
Perhaps being rich means having enough resources, such as time, money, freedom, material goods.

In some countries, the numbers are enormous (such as Singapore, Switzerland), and yet everyday life is stressful: long working hours, high rent, and a lack of free time. Meanwhile, other countries such as Norway and Germany are working on making life easier to ordinary citizens: less work, more leisure time, healthier, more trust
These are examples of how to have a balance between money and free time/health and stress.

I see more and more people (including me and my friends) wondering: Is all the money worth anything when you are tired, stressed, or anxious about the future? In others, youths are unable to secure decent employment and resort to crypto to stay alive, such as in Nigeria. In Guyana, new oil money is helping some, but only if it is managed well
The value of a resource will depend on the need for that resource. For a sick person, health will be more valuable than money. For a young, healthy and strong person - money, since he does not have it or has very little of it.

So I ask you:
- Has your life changed with the "growth" of your country?
- Do you feel more secure, or less?
- If you could choose, would you want more money, more time, or more trust in people?
- my life would change with my "growth". Smiley
- is it possible to feel protected in this crazy world where some "cataclysms" are constantly happening? Smiley
- I would choose a little bit of everything. Smiley the main thing is the balance of resources.
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Board Press
Re: [2025-07-03] After 12 Years of Failed Attempts, the Man Who Lost His Hard Drive
by
m2017
on 22/07/2025, 15:13:25 UTC
The article begins with a statement that the man is supposedly ending his search for lost bitcoins, but ends with Howells remaining defiant, stating: "Im not giving up the fight."  LOL!
After 12 years of fruitlessly wasted years, this BTC-enthusiast is ready to spend the same amount or more? A desperate man. After all, his chances are decreasing every year due to the physical destruction of the HDD under the influence of the external environment.

If Howells had directed his efforts to other types of activity during these 12 years, he could have earned enough bitcoin instead of wasted time.

Sometimes need to be ready to accept the loss, so as not to lose even more.
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Board Bitcoin Discussion
Re: your bitcoin is not yours.
by
m2017
on 22/07/2025, 14:25:34 UTC
i am aware we all have different strategies and goals for our investments but i am sure that a lot of us are planning to hold bitcoin for the long term and it got me thinking what ways could we do to prevent us from being tempted to sell our bitcoins and spend it on unnecessary things

one way is writing off your bitcoins as not yours. that money is not yours to spend. just forget about it. the more you look at it, the more you will just want to sell it especially when you see the value of bitcoin.

do you also do this and does it really work for you?
What kind of "self-deception" are BTC-holders ready to go to in order not to succumb to the temptation to sell the accumulated assets ahead of time. Smiley At the same time, the strategy is quite simple. Just set yourself a conditional price at which you will sell bitcoin and wait for this price. Something like a business plan or investment strategy. That is, make a plan and stick to it. Why complicate things and come up with "tricky" investment strategies?

Regarding "spend it on unnecessary things", for this it is enough to have self-control and abstract yourself from the industry of mass consumption of unnecessary junk. What could be worse than to endure restrictions for a long time because of the money invested in bitcoin (reduce your consumption), in order to later spend all the profit on "useless junk"?
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Board Gambling discussion
Re: Would you allow your underage kid to use your detail for KYC after a big win.
by
m2017
on 22/07/2025, 14:18:17 UTC
This thread reminds me of the argument I was having a few days ago.

When we talk about minors not being allowed to gamble, it's a general rule everywhere, not just in some countries, so if a child who is below 18 years has been gambling without the knowledge of the parent and he or she happensto win an amount which requires advanced KYC to be passed, if the child uses his real ID card, it will be noticed that he's not yet of age.

As a parent to the child, can you allow the child to use your details to pass KYC verification, if asked? And if you do that, does it also mean that you are supporting underage gambling?
Your question is extremely provocative, however. Smiley

I assume that most gamblers will say that they don't support gambling by minors, but if the situation you described occurs, they will probably agree to provide their data to go through the KYC procedure. Strong convictions are good, but when a large win is at stake, this can be neglected. Smiley

An indicator of double standards is that if a child lost a large sum of money, and, for example, even ended up in debt to the casino, the same hypothetical parent-gambler would begin to prove that he is against child gambling (after he provided his data for the KYC to receive the prize in the 1st situation). Smiley
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Board Gambling discussion
Re: Why some countries gamble more than the others?
by
m2017
on 22/07/2025, 13:18:55 UTC
Is it fair to assume that a better economy and a solid framework will make people gamble more but be addicted less? This is the source, by the way.
No, I don't think so. Because gambling is also very popular among poor countries. Moreover, I assume that poor gamblers have more incentive to play gambling in the hope of changing their financial situation.

Everyone is susceptible to addiction, regardless of the level of the economy in the country or the social status of the gambler. I also have an assumption that residents of some countries are more susceptible to the influence of gambling, because they have a "spirit of excitement". For example, I heard that the Chinese are very passionate gamblers. I don't know what exactly this is connected with, but it can't be said that all Chinese have a very large salary (to be honest, some work almost for a "plate of rice"), and there is nothing to talk about state support at all, because gambling is prohibited in China (with the exception of several regions). As you can see, this doesn't prevent the Chinese from being inveterate gamblers.

Correct me, residents of the Celestial Empire, if I'm wrong.
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Board Bitcoin Discussion
Re: want to know btc in the future.....
by
m2017
on 22/07/2025, 13:10:08 UTC
I've heard that Bitcoin will finish mining in 2140, which is certainly a long way off. There's still a chance for us to continue dca BTC, as there's a strong possibility that in the future we'll see a higher BTC price than today, as BTC is constantly being mined, and we'll eventually see the BTC supply dwindle. Currently, I know there's only a small amount of unmined BTC left, approximately 1,100,000. While the number currently mined is 19,900,000, there's still time to accumulate BTC.
Mining will never end as long as the BTC-network exists. Transaction confirmation services will always be needed, and therefore mining. So even after the last bitcoin is mined, bitcoin will be able to accumulate by receiving bitcoins in miner fees.

However, I'd like to know if there will be BTC miners once the supply is fully mined, and will the fees for sending from wallets to exchanges be high? I also wonder if the price fluctuations will be similar to the current bearish and bullish market. Currently, BTC is widely traded, buying at a low price and selling at a high price. But will BTC trading be possible in the future, similar to daily trading? I think this is worth discussing... Smiley
Miners will NOT appear because they will not disappear. That is, miners will remain.

Commissions will depend on the load of the meme pool (mass use of bitcoin by users). Perhaps new technologies will be introduced that will reduce the cost of commissions, so, most likely, commissions will still remain at acceptable levels.

Most likely, the market will be more stable in the future and fluctuations less noticeable than now. This may be due to a higher level of capitalization and very impressive capital will be required to destabilize the bitcoin rate.

Trading will never disappear, even with low volatility, there will be those who want to earn extra money on rate fluctuations.
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Topic
Board Gambling discussion
Re: Why is it that most popular casinos use a black and green color combination?
by
m2017
on 20/07/2025, 11:19:26 UTC
I hope this doesn't sound like a dumb question, but I just wanted to ask since I don’t really have an online group where I can talk about stuff like this seriously. This is just based on something I’ve noticed…

why is it that most popular casinos use a black and green color combination? Is there some kind of science or psychology behind it? Does it actually attract more gamblers? just thought I’d throw the question out there, who knows, maybe one day I get lucky and open my own casino (daydreaming Cheesy).
Look at the user's signatures who replied to this topic and answer how often you see "black and green". Of course, rarely. Yes, these colors can be seen sometimes, but it is not the main color of gambling casinos. Different casinos use almost the entire spectrum of colors and shades, most often bright and colorful.

It seems to me that you have a slightly biased opinion on this matter, because these colors are contained in your current signature. Perhaps you see this combination of these colors so often under your posts that gambling is now associated with this for you. Smiley Change the signature and you will "come back to normal". Smiley