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Messages - Rubel007

Pages: [1] 2 3 ... 76
1
Gambling discussion / Re: Is it right for a lady to gamble ?
« on: Today at 09:01:21 AM »
Gambling is open to all, there is no discrimination between men and women.  Just as a man can earn and he can live an independent life, why can't a woman participate in gambling if the income is involved.  If in developed countries there is no difference in the participation of men and women in gambling but in our country there is a difference in the participation of women and men in gambling although men can participate in gambling but women have to face a difficult situation.
It is all about the choice of the lady to participate in gambling or not, and if she loves gambling, she will do it to the bearest minimal. Women play slot games a lit and it is fun for them, so any woman that feels she is happy and do entertain herself when gambling can gamble, because they are good at managing money than a man.
Although women can manage money well in gambling, they cannot take risks like men. Moreover, if they do not earn money themselves, they feel more pressure to bet on gambling. But men earn money themselves and they can take any risk. So I think men can do better than women in gambling. A woman cannot devote much time to gambling as a man can. Women can do gaming but they will definitely lag behind men.

2
:'(
Most definitely.
There's no limit to how much a person can lose in gambling, no matter how much a rich man has, if he chooses to gamble out of control then he is surely paving his way to poverty because he'll surely lose all his wealth if he doesn't stop and retrace his steps.
That's why I always say that a rich man who is addicted or struggling with addiction has even more to lose than a poor addicted gambler, because the worse that can happen to a poor gambler is to remain poor but that's not the case with rich gamblers.
Around me, I have never seen someone who got rich from gambling, that someone would experience difficulties when they gamble. And I think this happens in all environments.
Getting rich through gambling isn't something we see everyday, I've only seen people who got rich through winning the lottery and not the regular gambling, yeah I've heard situations where people are said to have won millions via sports betting but doesn't really guarantee that the money would suddenly make one rich, because it'll take someone with good management skill to manage such funds, else he'll just end up misusing it and going back to square zero.
I don't think a person can get rich by traditional gambling. I will agree with you that lottery or jackpot winners can get rich quick if they are lucky. But I have seen a lot of interest in getting rich among poor gamblers who want to get rich by sports betting. I don't think a gambler can get rich quick by such gambling behaviors. I have observed the behavior of some gamblers who try to increase their money by winning bets and they dream that they will become rich from those bets. What I think is that if they win in 10 bets they lose in 5 and that 5 bet is too much. Gambling this way will make it difficult to get rich. But those who win the lottery can get rich quickly.

3

anyone who sees himself not winning i think would stop and reflect whether gambling really for him or not. i have lost countless times but because i don't wager large amount, it doesn't really bother me when i sometimes get a about 5 losing its still a small amount.

what is satisfying for me in gambling is that i am watching a sports match, rooting for a team or a boxer  and then winning some USD while i celebrate the teams win.
I think gambling is very risky, Frofit from gambling is very tuff. By chance if anyone win big amount and contnie he will loss and his fund will be zero there has no doubt. Huge people involving on gambling and some times they are wining and some times losing.

I am also a gambler and i paly game some times. But i am truly slacking i am not profitable from here.
I have been gambling for a long time but in my long gambling carrier I have not won any bet for sure. Also, as long as I have gambled, I have lost when I most expected to win. If I review the entire time of my gambling life, i lost most of the time. But still I love gambling. Because I can enjoy the gambling time very much. I had some winnings in my gambling life but failed to utilize those winnings.

4
Ban and prohibitions is really that unlikely
considering taxes generated by these businesses are really that something significant and hardly be able to deny and ignore about its help specially on taxation and other correlated things.

Exactly, a ban on gambling institutions is not viable to some countries that relies on the tax generated from it to finance government projects. Regulations may be applied as to control this institution but not totally ban.

Our country is one of those many countries that rely on gambling as a source of revenue.
The government never wants to shut down any such institution that will benefit or gain revenue unless it is for some major social cause. Governments will receive revenue from gambling establishments in countries where governments have legalized gambling. If they want to stop gambling, they will lose that revenue. Currently, gambling will never be banned in countries where it is once permitted. Because governments know very well that if they stop gambling, betting won't stop. Nowadays, there are a lot of gambling sites where anyone can get access using a VPN.

5
Cryptocurrency Trading / Re: Hold and trade which is best for you?
« on: May 30, 2024, 10:20:27 PM »
well yes, true holding professionals do it this way
I know many who accumulated during the bearish phase and have now stopped, it fits, this strategy makes sense
However, it is never too late to start regardless of the period

in my opinion the tool is useful for understand

Of course, every time is the right time to trade and invest, in my opinion, it's just that the profits you get will definitely be different, where buying during a correction or bearish will be more than buying when the coin is fomo
Trading is always good. Especially when the market is bullish or will be bullish, trading in that period or before it is more likely to make profit. Those who trade in current times it is very favorable which are difficult to find in bearish times. If a trader or holder performs his task during this time he can get his result in a short period of time. But I prefer holding then trading. Holding is relatively less risky than trading. But many of them will give more importance to trading than holding because there is a great possibility of getting good reward.

6
Cryptocurrency Trading / Re: Bitcoin Hit $70k For First Time.
« on: May 30, 2024, 10:09:42 PM »
Well I hope bitcoin can at least reach more than $80k this year. And many also estimate above $100k. But this is quite difficult. But it's still possible to happen. Actually seeing bitcoin a few days ago return to $70k was also a surprise. Because it happened quickly. And now the price is slowly decreasing again. So for those who trade and do not invest long term, they must be aware of current market conditions. Because everything becomes more difficult to predict in the short term. But in the long term I am optimistic.
I think it is possible that Bitcoin will reach $80k, but it shouldn't be in the near future. I think it may be in Q4 of this year, the price needs time to increase massively. However, we need to expect that there will be no bad news anymore. If we have bad news, the price may drop again and it will be hard to increase significantly. Yes, I am also optimistic that we will have a big increase again in the new few months.
The overall market condition is very good at the moment. If there is no bad news or incident then the market will continue to rise from the beginning of June. But I wouldn't be surprised if the market doesn't rise there. Bitcoin will definitely be bullish it needs time. The longer the market takes to become bullish, the market will energize. We have to be patient during this time. I believe the market will  bullish before the end of this year.

7
As for the long-term investor, he does not care about all this news. He sets a specific goal in front of him in the future and is not affected by all this news or rumors, and he only sells when he achieves his goal.
Another big advantage of long-term investors is that they can stay . without fear because sometimes big market declines are too hard for many investors to bear. But those who invest with a long-term plan need not worry about market volatility. A short-term investor always has to be concerned. He always has to monitor the market news. Even after knowing all the news, he cannot give any certainty.

long-term investors will not panic if losses only reach 25% of assets, because long-term investors already understand all the cycles in crypto so that if there is a downturn they are prepared to load up even more
Exactly a long-term investor never needs to gain momentum in investing. The level at which the price falls does not change his position but he tries to use the dips to try to increase his portfolios. The crypto market is volatile in nature and any time the price rises and falls make an investor restless and there is no substitute for long-term planning to protect oneself from all this.

8
Gambling discussion / Re: Whats your experience with gambling?
« on: May 26, 2024, 07:41:44 PM »
Gambling is all about profits and loss, and I believe that every gambler must have experienced both either you are gambling everyday or occasionally. I have lost more than I have won which is a norm in gambling. This is why I only gamble for fun so that when I loss, I walk away happily because I enjoyed the fun of the game. I was once an addict a d lost so much to gamble, but I now gamble responsible and I can control my losses now.

You are absolutely correct and that is what I also do and it has been of help to me and I wish everyone can also have the same mentality, because with this kind of mentality, I believe the high rate of addiction won't be that much and it also helps people to gamble responsibly, that is why it's always advisable to gamble for fun, because if we gamble for fun, even if we lose or win, we be glad and take whatever things that comes our way with good faith even if it's not even up to what we have loss, also having time limits and how much we can also afford to spend can really be helpful because if one becomes an addict, it will really be hard for the person to stop, although having the experience of gambling whether negatively or positively is very important, as they said experience is the best teacher.
My strategy is very simple and can be applied to any type of games, including sports betting, it is that if I have 200usd available, but I want to spend only 20usd, I make a plan where I am going to play or bet only with that money and if I lose I assume my loss and I don't feel bad or anything, because it's the money I have available for that, but if I win it it seems fine to me and with that winning money I can do two things, leave a part to play in another session of game, it means on another day or on another occasion, for that reason this way I can let go of all my emcoines in every sense of the word.
That could also be another effective waste to mitigate one's losses and not let it get to you or push you into taking drastic actions that could lead to more losses.
First of all, when walking into the casino with intentions of gambling, you should be prepared to lose everything you're going with because there's a 100% possibility of that happening, so when it happens, you don't feel bad because you expected it from the onset, even before walking in there.

So if one has 200 dollars and you know you can't afford to lose all 200, it'll be better to divide the money and take just what you can afford to lose, so that when you lose it, it won't have much negative effect on you, and if you eventually win? It's still even better.

In fact it is like that, whenever I play I do precisely that strategy, well I call it the money we are willing to lose, of course there are times when you lose what you have to lose and it makes you want to put in more money. but that is where you must be careful, because from then on it is when it is most dangerous, if there is not enough discipline you can deposit little by little and when you see that there is no more money available, then in these simple strategies one must have discipline, Sometimes emotions are so strong that they can make us make many mistakes.
I feel in gambling that there is no strategy or experience by which I can win in gambling. I have to risk every bet. If you lose, you must also acquire the ability to laugh at that risk. Although I have no experience of winning at gambling, I do understand the strategy of how to survive. In my long experience I can say that betting is not guaranteed to win but it is guaranteed to lose. So everyone should know how to accept losses easily. Those who can accept loss can definitely do well in gambling.

9
In the cryptocurrency space, when we expect a certain bullish trend  in any particular coin, we may not get it exactly as expected, but rather different behavior may be observed. Many people take these behaviors differently. During the period we would like to see a bull run in Ether price due to ETFs approval but there is no change in the price in this currency. My main point of bringing this topic here is that there are many people who try to invest with a specific event in mind but they don't always succeed in that goal. The only message to those investors is that success in the crypto space requires patience. Even if it is not good for us at the time we are expecting, we can get more than that expectation in the future. Of course, investors must have a long-term plan before investing.

         -   That's why it's important to have a real plan in this crypto business that we entered, because if we only depend on uncertainty, the chances are definitely high that the capital that we will use in crypto assets will end up in nothing.

You must really know something about trading; you can't just guess, but you don't know how to analyze or read a trading chart to determine where the price of the coins you are holding is headed.
You don't need to have trading skills before you can become successful in your bitcoin investment if you tend to hodli for long. It is easy to hodli if you are using the right amount to invest in bitcoin without over doing it. This is because people keep their savings in the bank for many years without touching it because they don't need it. This is why I am always baffled to hear that someone is investing in bitcoin for short-term and when he run at loss, he will be crying. Bitcoin investment is like every other invest or business that you set up or just started. You don't expect your new business or investment to give you a big profit that you should give to you in ten years time.
If those who keep their money fixed deposits in banks for long periods of time did the same in investing in bitcoins then everyone would be successful. An investor has to wait for a long time by keeping money in the bank. Especially the effect of inflation is making the holder suffer heavily. Those who have decided to invest the amount of money in the bank for a long time can be profitable even if they share one-third of that investment. And those who are in poor financial condition can get big returns in the long run if they can strengthen their holdings by using DCA.

10
I searched online portals on this topic since few days ago where i see that there are many women doing well in crypto space. Some have shown a positive attitude towards crypto as an employee of an organization and some for business purposes. Women are serving as CEOs of several major investment platforms. I have seen many female entrepreneurs working on crypto. Also learned about Binance and Bitgate in one of your posts recently where women have a large contribution. This figure will continue to increase in the future.

11
"Risk can not be called as help.
there is risk involved in every job or business you do, so what will you call it? As say you said " Risk cannot be called as help."
Yes there is risk in every activity but there is a big difference between taking risk in gambling or taking risk by investing in any other activity. The risk taken by the gambler may end up being lost, but if an investor takes a risk, he may lose temporarily but gain later. He does not risk losing his entire money. I can also say help here on the main topic issue. There are many people who do not gamble but are addicted to drugs and they do various types of crime for managing drug money. In the context of those young people, I can accept gambling as a help.

12
A couple of months ago when I started trading I got this feeling whenever get my trades wrong. Like in a week straight I amounted to so many losses that I felt this edge of seeing trade as a waste of time. Long story short, I'm still here trading and enjoying every little profit I get...

Now, I decided to share this with all of you. Never give up, whenever you think you're getting it wrong, just give it a break and relax. Is ok to be mad. Always remember no elite trader made it just like that. I feel the same thing this period. So, go relax and come back when your head is clear
There are some advantages in trading which is why many of us prefer to trade even after losing. Buying low and selling at a small profit provides access to cash that motivates traders wildly. But not all of us can survive in trading. Some lose a lot due to wrong trades and there are some who trade patiently. Those who conduct trading within limits without excessive greed will surely be able to make profit at any time even if they suffer losses.

13
As a crypto lover, this kind of news always makes me happy. I know it needs more time to implement cryptocurrency there. In addition to giving a positive vision to the governments, it is also an important responsibility to educate and develop the common people. If the government and people at all levels have a collective positive attitude towards crypto then there will be rapid development of cryptocurrency. If the government of any country looks at crypto positively, then something good can happen there. As we got El Salvador, a visionary decision by President Nayib Bukele lauded his country to the world and is currently benefiting from crypto investments. I would expect Brazil to step up to that role in the future.

14
Give it time, the $73k was an exceptional event caused by the approval of spot ETFs and the high demand they brought in. If the cyclicality is to be sustained, the proper pump is still ahead of us.
All things considered, $100k range is a conservative aim.
Need to give more space and time to see bitcoin break to higher price above $100k after success hit the latest higher price above $73k.
ETFs approval helped more for bitcoin success make new all time high price and I think current ETFs Ethereum approval will bring positive impact for cryptocurrency market and make bitcoin has opportunity break to higher price. Needed more patience for seeing bitcoin make new ATH price around one or two months later, but keep believing with this moment come early than our expectation.
I also believe that Ethereum's ETF approval in the recent market has been able to further boost market confidence. The market is moving between 69k at the moment but it can reach the high anytime which is not very difficult. If we see a new ATH again, the market will be able to quickly reverse its position. So far the market has reached the highest of 73K so 75K is also more likely. Many predictors think the market will continue for a long time between $70 and $80. According to them, the market will reach the highest bull run by the end of this year or may happen the beggining of the next year.

15
With where we are currently and from the way of the market recent performance, there is no likely possibility for dip market for now, all we could have is with the experience on the sustainability of the bull market all through, and if we are going dip, that may not have to be something coming sooner, instead, we are going to have it more bullish and little bearish till we are done with the season.
The market position is unlikely to go much deeper at the moment. Moreover, we are in a bullish trend. Soon we will see another Bitcoin rally. Although we cannot give 100% assurance about this, the overall situation of the market indicates so. Bitcoin is in a reliable position while we are aware of the Ether ETF approval. This sign will definitely help the market to be more bullish. Bitcoin will get dip but we should not expect a dip which is impossible. Expecting Bitcoin price below 20k is nothing but foolish.

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