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Re: Those who judge gamblers, only to find themselves gambling.
TBH, it is not life conditions that force ordinary people to become gambling addicts, it is the rush to enjoy something that can be both fun and profitable depending on personal expectations. Someone can judge the gambler for a useless activity that hurts financially and emotionally. Still, the person who judges may be interested in giving it a shot one day just to understand the principle behind the gambling world. Financial needs shouldn't be a reason to fall into this trap that has a hidden house edge that melts gamblers sooner or later. Just my 2 cents.
Everyone with its own playing strategy and I wouldn’t have to condemn your strategy because at some point, it might be working for you and as such, I don’t have to start disputing that.
But I have some few questions for you:,
What if you loss your capital for maybe 5 consecutive times in your row, will you still be able to continue that your strategy and will you still be willing to want to double your money,
In a situation where it seems the casino is favoriting you, and you get to make maybe a little more above your expectations without any much stress, will you be able to stop for the day or still want to try your luck?
Personally the moment I make some winnings and I feel ok with it, I always leave and stop playing at the moment.
Maybe OP is looking for risk management methods suitable for his game style. Gambling is not a guaranteed action, everything happens in probability so the money the gambler risks to put on the table shouldn't be more than the amount he can't afford to lose. Some gamblers like risky gambling behavior and keep adding stacks until they beat the casino but this happens for a short period. In the long term, the casino always wins and no strategy is reliable to make a guaranteed profit in the long term due to the math behind the casino games.But I have some few questions for you:,
What if you loss your capital for maybe 5 consecutive times in your row, will you still be able to continue that your strategy and will you still be willing to want to double your money,
In a situation where it seems the casino is favoriting you, and you get to make maybe a little more above your expectations without any much stress, will you be able to stop for the day or still want to try your luck?
Personally the moment I make some winnings and I feel ok with it, I always leave and stop playing at the moment.
Re: Ever Hated someone because he/she win too much, when you are constantly losing?
Being jealous is not ok for a mentally healthy person, just think of it as a lucky winning series that may happen to you one day too. Learning from a friend and understanding his betting principles also can increase your winning chance, so better stick to the plan that can make both of you rich in the future. Everything is possible in gambling, we just have to learn how to play with the odds and control our emotions. Just my 2 cents.
This is a general story, if you have not heard this story then you are just getting started, and if this have not happened to you, well soon it might as long as you are full into crypto it is bound to happen, i can't say it's greed because greed really has nothing to do with this, this is where emotions come in to play like your mind is a football field, the withdraw or wait a little bit longer to you falling asleep and waking up to realize that you have been a victim of a pump and dump, or a free fall that was directed to you, haha 
, what have i not said... Maybe greed too!!!
The volatility is the main problem in crypto trading, you can wake up to a 10x balance or the other way around. Even low liquidity makes slippery stops, the stop orders are not executed on the targeted price but in the last available bid/ask order. Emotions are part of the whole story as well, managing feelings is crucial to avoid big swings on performance tracking charts. Taking profits is better than trying to catch the maximum on the trend, IMHO., what have i not said... Maybe greed too!!! Re: Which is easier, to quit when winning or to quit when losing?
For me, I feel like it's probably easier to quit when you're losing because of the hype around the winning, it's really difficult to quit when that's what is happening not to mention that it's easy to see yourself quitting when you know and are aware that you're bleeding money, it's much more logical for you to quit as soon as possible, that's how simple I think is the reason why it's easier to quit when you're on the losing streak rather than on a winning streak and I think a lot of us here have the same sentiment and think the same obvious thing.
both actually require experience and good emotional control. Stop when you win, of course, to secure your win and be able to enjoy it. Stop when you lose to avoid bigger losses.
I personally tend to chase losses until my fund allocation runs out when I lose. It's easier to stop and get out of the game when you win because there is a desire to enjoy the victory for me.
Of course, every gambler has different thoughts and habits.
Re: Was it a Gut's feeling a Mathematical calculation or a Coincident?
The positive feeling can be the light to the financial freedom sometimes, as we can see on this article. It doesn't mean every single ticket purchase with the same feelings will be key to the same result that has been achieved by that person. There is concrete mathematics behind the scene on the gambling, so no matter how smart or educated gambler is the chances are zero to get edge over the casino. Just my 2 cents.
Unless you win back all the lost amount on the casino, the profit is not deducted by government. The main point is to be profitable in the gambling, even if I had to pay the 10% of the total winnings, I agree to pay the required amount to avoid the hassle. Depending on the point of the view, your account is also risk-free from gambling scam since they are also interested to be regulated by government to show the truthfulness of the gambling platform, IMHO.
It's the consequence of giving children unsupervised access to the internet, and the lessening care of parents to disciplining their kids for reasons that are either "I don't want to hurt my kids" or something else. You're hurting your kids more by not telling them what to do and what not to, and you'd probably end up with a gambling addicted teenager when all of this pans out. High-school drop-out, no chance of ever getting it back up cause you kept babying the mofo causing him to not have work ethics, and an utter failure of a person.
This goes without saying, but for all the parents in here, do not give your kids phones until they reach ripe ages. It's not cruelty, it's just sensibility. The internet isn't and can't be shaped around kids, cause it's made for adults in the first place, have the balls to own up and be more in charge of instilling discipline in your kids.
This goes without saying, but for all the parents in here, do not give your kids phones until they reach ripe ages. It's not cruelty, it's just sensibility. The internet isn't and can't be shaped around kids, cause it's made for adults in the first place, have the balls to own up and be more in charge of instilling discipline in your kids.
Parenting in the digital age is a whole new game. It can be really intimidating, but we can't let that fear stop us. Kids need our guidance more than ever, not for us to shut down their online lives completely. It's like teaching them to swim – we don't ban them from the pool, we teach them how to stay safe in the water. The internet's no different. Schools should be teaching kids about the risks of online gambling, and parents need to have open, honest talks at home. The truth is, kids are going to come across this stuff no matter what. We should equip them with the knowledge to make smart choices instead of just scaring them. And let's be real, we all made mistakes when we were young.. It's just part of growing up.
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Re: What are the benefits of accepting Bitcoin as a method of payment.
There are more such as profit deriving, no network error problem, easy access to your money, etc.
If you accept Bitcoin as a means of payment and you hold those Bitcoin and peradventure the price of Bitcoin is surging high, then you will have an additional profit on your business capital because the value of the Bitcoin will increase. Sometimes there could be some bank network glitch that can result to a failed transaction but with Bitcoin you will not experience those network error problem. Due to network errors with traditional financial institutions, you might not be able to access your money sometimes but with Bitcoin, you can have access to your funds all the time.
I have to agree, the benefits go even deeper than just the basics. It's not only about accepting payments but about embracing a whole new financial landscape. Bitcoin isn't just money; it's an investment opportunity. Sure, the price can be a rollercoaster, but savvy businesses can ride those upswings to boost their profits. Unlike traditional banks, Bitcoin operates 24/7. Need to pay a supplier at 3 AM? No problem. That kind of flexibility is a game-changer, especially for global businesses.If you accept Bitcoin as a means of payment and you hold those Bitcoin and peradventure the price of Bitcoin is surging high, then you will have an additional profit on your business capital because the value of the Bitcoin will increase. Sometimes there could be some bank network glitch that can result to a failed transaction but with Bitcoin you will not experience those network error problem. Due to network errors with traditional financial institutions, you might not be able to access your money sometimes but with Bitcoin, you can have access to your funds all the time.
Perhaps the most exciting part is the image boost. Accepting Bitcoin isn't just about transactions; it's a bold statement. It says your business is modern, tech-savvy, and ready for the future. This reputation is priceless and draws in the growing number of crypto enthusiasts.
The bottom line? Bitcoin is still finding its footing, but the potential rewards are huge. More money, more freedom, and a better brand image? It's a tempting package for businesses ready to take the leap, IMO.
Well, you are right that the real wining in gambling is withdrawal of profit and that is why I don't make the mistake of spending my small wins on gambling again. Any time I win in gambling, I will definitely withdraw all the money and spend it on something else and when I want to gamble again, I will just make a fresh deposit but that doesn't happen all the time, because I sometimes leave small amount in my balance and only withdraw the amount that I want to use.
But most times when I am out at a land base casino with my friends, we rarely go home with any money that was won because we will continuously gamble with the money that was won until everything has exhausted. It happened a long time now.
It's crazy how the high of winning can make you feel like you're on a hot streak, even though we all know luck can change in a heartbeat.But most times when I am out at a land base casino with my friends, we rarely go home with any money that was won because we will continuously gamble with the money that was won until everything has exhausted. It happened a long time now.
Making a fresh deposit each time is a pretty clever move. It creates a kind of mental reset, separating your winnings from your gambling money, and helps you keep tabs on your spending. Those casino nights with your friends sound like a lot of fun! It's great that you can enjoy the atmosphere and company even when the cards don't fall in your favor. And having a set point to walk away is a smart way to keep things under control without killing the fun.
At the end of the day, gambling is all about having a good time. By setting limits and sticking to them, we can make sure it stays that way. Of course, hitting it big is a rush, but it's not always about the money. Sometimes the best memories are made just by playing the game.
It's not the first time I have heard that something like this has happened, there have been stories about things like this before. But such a thing has never happened to me, and I have used many exchanges and have zillion transactions from exchanges to gambling sites and vice versa. And I don't know anyone who experienced something like this.
It is difficult to determine if something like this is really true... in exchange offices (as well as in casinos) people are often banned for various reasons, and people often "forget" to tell the whole story and show some proof. Maybe it's just that their account is connected to some other shady dealings but they decided to attribute it to transactions with the casinos.
I hear you. Things can get blown out of proportion, but there's definitely a history of exchanges taking action when it comes to gambling. It's a gray area, for sure, with legal stuff mixed in. If the original poster could give us more info – like which exchange, what kind of gambling, any conversations they've had – it would really help us figure out what's happening and give better advice.It is difficult to determine if something like this is really true... in exchange offices (as well as in casinos) people are often banned for various reasons, and people often "forget" to tell the whole story and show some proof. Maybe it's just that their account is connected to some other shady dealings but they decided to attribute it to transactions with the casinos.
For anyone else dealing with crypto and gambling, I'd recommend taking a good look at the exchange's rules and the local laws. Keeping detailed records of everything is also a smart move, just in case.
For so many years I've moved out from gambling addiction I certainly say that it went a lot of troubles before deciding to quit on this situation. There were times I failed to do so, then again and again committing same habit becoming so bad and it even made me penny less despite of having work those day living in a single life as a person. Only the time when I got married I realized that staying in addiction with gambling would not give me a happy life and seeing my son growing up I couldn't afford to see him suffering because of my financial instability because of gambling.
It's a matter of pride for you to be able to get rid of your gambling addiction. It's really difficult for you to get rid of that addiction, because basically, if you're married, family happiness is the main key so that your household remains harmonious. and we already realize that gambling destroys us not only materially but also loses our family. if we don't want to change and eliminate bad habits even just to seek pleasure
Re: Has Trading Competitions competitions led you to challenge your skills?
Of course, taking part in a trading competition is something that is challenging and can encourage us to improve our trading skills because we are motivated to be the best, especially when the prizes offered are large, but to be honest, I see that it is more suitable for those who have large capital, because I remember once participating in it at my local CEX and was successful as a participant who got one of the prizes but was not the main winner and when comparing the capital and profits I got during the competition with those who were the main winners were very different, so I came to the conclusion that trading competitions are only suitable for traders with large capital and day traders because while they are trading they can get additional capital if they are successful as winners.
You're spot on—trading competitions aren't just for the big spenders. Sure, having a hefty budget helps, but as your experience shows, there's plenty for traders at any level to gain, IMO. Think of these competitions like a boot camp. They push you to refine your skills under pressure, expose you to different market conditions, and provide opportunities to learn from others. Plus, you might even win a prize. Demo trading and copy trading are fantastic, especially for beginners. It's like a risk-free sandbox where you can try things out and learn from the experts. I believe everyone should try trading competitions, regardless of their bankroll. See it as a personal challenge and a way to elevate your trading skills. In the end, the experience and knowledge you gain are far more valuable than any cash prize.Do you have any tips or tricks you've picked up from trading competitions?
They could have their own bank but that’s not the goal of stablecoins. When stablecoins were first released it was so users could transfer money from exchanges such as Bitfinex to exchanges which had tons of altcoins which the bigger exchanges didn’t have.
So the user wouldn’t need to sell their US dollars, buy bitcoin, send bitcoin to some alt exchange and then sell that bitcoin for US dollar and finally buy what alt coin they want. This is too many transactions and hence why stablecoins were introduced because you could send back and forth between exchanges.
There is no point is having a bank for stablecoins however. Just send to your exchange, sell for fiat and withdraw that fiat to your bank and buy whatever you want.
Stablecoins have revolutionized the cryptocurrency world, simplifying value transfers between exchanges. This is just the beginning of their potential. Acting as digital cash, stablecoins are setting the stage for a new era in financial services. We are already seeing the rise of crypto lending platforms and interest-bearing stablecoin accounts, which are early indicators of a broader evolution. These platforms, though not traditional banks, offer core banking functions like secure storage, yield generation, borrowing, and seamless payments, as far as I know. This trend reflects the growing integration of crypto with traditional finance, as institutional investors enter the space and regulators work to adapt.So the user wouldn’t need to sell their US dollars, buy bitcoin, send bitcoin to some alt exchange and then sell that bitcoin for US dollar and finally buy what alt coin they want. This is too many transactions and hence why stablecoins were introduced because you could send back and forth between exchanges.
There is no point is having a bank for stablecoins however. Just send to your exchange, sell for fiat and withdraw that fiat to your bank and buy whatever you want.
Dedicated stablecoin institutions could bridge the gap between these two worlds, providing regulatory clarity and a familiar interface for traditional finance players, IMO. They would also streamline the currently fragmented stablecoin services, offering users a one-stop shop for their financial needs.While "bank" might not be the perfect term, the concept holds great promise. The crypto world often exceeds expectations, and the rise of stablecoin-centric financial institutions seems likely in the coming years, ushering in a new era of financial innovation
Everyone always thinks that achievement in gambling is always measured by value and winnings even though that is not the main thing about gambling. I know that sometimes people never enjoy gambling because they are just too focused on making money there without feeling the enjoyment and pleasure of gambling. , in fact it is more valuable than winning, I don't mean that winning is not important let alone losing, after all we also know before gambling that we will lose or win when gambling, the point is to be aware of that.
Losing doesn't mean losing everything and winning doesn't mean achieving all your desires, people are sometimes unpredictable, they don't know what they really want, given a win, they actually continue gambling until their money runs out again, even though if they stop, of course they will be said to have won against the dealer. , but that rarely happens, they are too greedy to chase money in gambling, it would be a shame if they had to measure their achievements with grades and wins because gambling should be for fun and just entertainment, btw, what you actually get is something that cannot be measured with value.
I have to agree. Gambling can be exciting and sometimes profitable, but achieving real success through it is another story. The thrill of betting, especially on games you love, can be exhilarating, but this happiness often doesn’t last, from my experience. Gambling offers intangible rewards like camaraderie and excitement, but the main drive is usually the desire to win. Some people say gambling has helped them make friends, learn lessons, or even lose fortunes, but the most valuable takeaway is often gaining perspective. At its core, gambling is just a game, meant to be enjoyed. In the end, gambling is for fun, not a career or a way to prove oneself. It's like playing arcade games—you play, enjoy, and then move on. While everyone dreams of hitting the jackpot, the real satisfaction comes from the journey, the highs and lows, and the shared experiences with other gamblers. Just my 2 cents.Losing doesn't mean losing everything and winning doesn't mean achieving all your desires, people are sometimes unpredictable, they don't know what they really want, given a win, they actually continue gambling until their money runs out again, even though if they stop, of course they will be said to have won against the dealer. , but that rarely happens, they are too greedy to chase money in gambling, it would be a shame if they had to measure their achievements with grades and wins because gambling should be for fun and just entertainment, btw, what you actually get is something that cannot be measured with value.