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Messages - Dr.Bitcoin_Strange

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Gambling discussion / Re: In your all-time gambling activity, do you end up with a profit or a loss?

« on: Today at 02:11:59 PM »

Quote from: electronicash on May 20, 2024, 10:21:28 PM

Quote from: kulkhan on May 19, 2024, 10:45:02 PM
Quote from: electronicash on May 18, 2024, 10:20:11 PM

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.

usually people who lose in gambling and still wants to play, they will find a way to win. look for strategy or to a point of cheating

been there for sometime. but with a casino game, i surely doubt we could cheat them on their own game. that's why i stick to sports betting only because although they edge is still with the house, we could play around what seem to work for the fellow sports bettors.

It's even easier to cheat in casino games than it is in sports betting, especially card games or roulette, depending on how experienced you are in the games, how fast you can move without being detected and how much control you have over your opponent, you can set the rules to favour you more than the house, but it requires a great level of skills and tricks to do that, I've seen people do it in casinos without even getting caught.

But sports betting isn't like that, there's no way, I mean not a single possibility of cheating since you're not playing with an opponent, everything is programmed, leaving you with variety of options to choose from, if luck is on your side and you've got a pretty analytical skill, then you're likely to make the right choices, but if not, you make the wrong choices and lose, and that's just the game

Gambling discussion / Re: Whats your experience with gambling?

« on: Today at 02:05:52 PM »

Quote from: LUCKMCFLY on May 20, 2024, 11:00:25 PM

Quote from: Dr.Bitcoin_Strange on May 19, 2024, 06:39:58 PM
Quote from: Sim_card on April 25, 2024, 05:42:50 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.

Gambling discussion / Re: Will you still gamble after suddenly becoming rich?

« on: Today at 01:57:34 PM »

Quote from: Unbunplease on Today at 10:12:12 AM

If fate gives you a lot of money, it can only mean one thing - a test. The test is to see how you will use this money. Usually people lose money that comes unexpectedly and even get into debt. Only a few people pass the money test

Unexpectedly getting money you've never seen or managed before can be really hard to keep.
There's this saying that, whichever route the money uses when coming, that's the exact route it'll use when going. Meaning that when money comes in a flash, it's likely to go in a flash, but when it comes gradually, it'll also go gradually.
So let's assume someone who hasn't touched a million dollars before, suddenly wins a million in gambling, trust me that money won't be used like when it was worked for.
Most poor people fails this money test due to lack of financial management skill.
That's why it's important to have a good financial management skill, whether the money is there or not, so when it comes, you won't have a hard time utilizing it meaningfully.

Gambling discussion / Re: Do you get angry or cool after losing repeatedly in gambling?

« on: Today at 01:44:43 PM »

Before even walking into the casino, I'm already expecting the lose all the money I'm going with, so if that eventually happens, I don't see any reason why I should get angry or feel somewhat way about it because I already saw it coming.

Gambling is a 50/50 thing, and while you're hoping to win, you should also expect to lose, and that's why it's very risky to gamble with money you can't afford to lose because if that happens and you lose money meant for something else, you'll not only get angry, but also frustration and devastation too.

Gambling discussion / Re: how do gambling expert mitigate the spread of gambling?

« on: Today at 01:37:37 PM »

Quote from: luckyledger on March 28, 2024, 10:41:51 PM

I believe the key lies in finding a balance between the enjoyment gambling can offer and recognizing its potential downsides.
It's about making informed decisions, where careful management of your time and finances plays a crucial role. At the same time, recognition of gambling as a choice and a form of entertainment for those who can afford it without harmful consequences is vital. Blending responsibility with the freedom to enjoy it as a leisure activity.
This balance between caution and enjoyment is key.

That is in fact the main purpose of gambling, and until a gambler learns to view gambling as a means to have fun while also having the chance to make money, then he'll always end his gambling sessions in loss and regret.
A gambler's priority and main focus when gambling should first be to have fun while doing it, and then the monetary rewards can come afterwards, but prioritizing the monetary rewards could make one to lose focus while chasing the wins and in some cases, the losses and in such case, can easily allow his emotions to get the best of him and help him make decisions.

Basic Questions about Cryptos / Re: Let's enjoy what this forum offers.

« on: Today at 02:26:37 AM »

Quote from: bitmover on May 16, 2024, 04:09:32 PM

Quote from: Litzki1990 on May 16, 2024, 01:58:36 PM
This forum has been around for a long time and we can see that the popularity of this forum has increased a lot. Recently several signature campaigns are running in this forum which signature campaigns are long lasting and members are teleporting their accounts from forum to forum regularly. Since members from other forums are teleporting accounts to this forum, you can be sure that the popularity of this forum will increase in the future and this forum will definitely be one of the best in terms of popularity among all the forums.

We don't know if mixers will stay here for long... they are the main responsible for so much teleported users here.

If for some reason they shut down or stop campaigns, many of the teleported users may become inactive..

Before the mixer campaigns stepped into this community, a lot of people were already here and contributing to the community, while it's true that the emergence of theixer campaigns here brought a lot more teleported users into the community, but that doesn't mean that if they go, they'll suddenly become inactive, the forum is doing well and growing by the day and many other earning opportunities and campaigns are yet to come and will definitely come.
Yes it's true that a few members would become inactive but I think majority would stay as they'll have chances for other opportunities here.

Basic Questions about Cryptos / Re: Are Bitcoins a good investment?

« on: Today at 02:20:18 AM »

Quote from: taufik123 on May 15, 2024, 03:56:23 PM

Quote from: Dr.Bitcoin_Strange on May 14, 2024, 10:54:55 PM
-snip-
Although Bitcoin is a long-term investment and should be considered for its long-term potentials, if anyone wishes to really get the best out of Bitcoin, then one should avoid attempting to predict the market and just HODL for the long-term.
-snip-
HODL for the long term, but not HODL for life.
There should be a price target that needs to be achieved, even if it's long-term.

Well I do plan to HODL for life, but yeah, I most definitely do have a target and when I've somewhat achieved this target, I'd take out profits not stop HODLing, so even after hitting that set target, I'd still keep on HODLing and setting new targets, so that pretty much looks more like HODLing for a lifetime.

Basic Questions about Cryptos / Re: Bitcoin or Etherum?

« on: Today at 02:13:07 AM »

Quote from: Power420 on May 19, 2024, 04:38:02 PM

So now that Bitcoin has halved it is definitely more likely to start a bull run later. This is because every halving that has taken place in the past has seen the highest growth in the Bitcoin group in the year following each halving.

That's true,
But I figured out that a lot of investors had a terrible misconception about the bitcoin halving and it's effects, which actually made a few persons to make certain mistakes concerning their investments.

Most people who didn't really know what the halving was all about and who were only told that the halving brings good tidings to bitcoin and influence ls its price positively, forgot to make proper findings and research, thought that the effect of the halving comes immediately or a while after having, and then they live on this misconception that immediately after the halving, that bitcoin price would be in continuous green, and when things didn't go that way, they started panicking and some are forced to sell off at a relatively lower price.

Basic Questions about Cryptos / Re: How often do you check on your Crytpo/Bitcoin?

« on: May 21, 2024, 10:43:59 PM »

Quote from: CoinMin3r on May 21, 2024, 04:14:00 PM

Actually I check price of coins I hold rather than go into my crypto portfolio and check. As I know I much I hold, I just calculate myself. But I'm waiting for the right time to trade those and not hurrying even if goes up by some percentage. I'm confident good time will come for sure.

That's only applicable when you're holding altcoins, but if you're holding bitcoin, there's really no point regularly checking or monitoring current prices, since Bitcoin is meant to be held for the long-term before you can make good profits from it, so since you won't be trading it anytime soon, there'll be no point looking up the price, except of course you're just looking up the price for reference and analytical purpose.

Basic Questions about Cryptos / Re: A wallet as a container of money or exchange?

« on: May 21, 2024, 06:39:30 PM »

Quote from: bayu7adi on May 20, 2024, 06:01:57 AM

.

What we need to remember is, no exchange has perfect security, so all sorts of bad things could happen at any time, including hacking or other things that can cause loss of assets.

Exactly why it's not advisable to keep your funds in an exchange, not 20%, not even 10%, no matter how reputable you feep the exchange is (except of course it's a DEX), 100% of your crypto asset should always be in your wallet, except maybe you have short-term needs for that asset on that exchange, maybe you're a trader or something, other than that, an exchange is never an advisable storage option.

Cryptocurrency discussions / Re: How much % of your assets are allocated to crypto?

« on: May 21, 2024, 06:08:20 PM »

Quote from: Rubel007 on May 19, 2024, 11:03:41 PM

Quote from: Dr.Bitcoin_Strange on May 19, 2024, 08:54:05 PM
Quote from: dekafee79 on May 12, 2024, 02:54:51 AM
When investing, it's best to do it in lots of coins if you want to be successful in the crypto world. BTC is a favorite coin and safe to hold, but many altcoins make bigger profits than bitcoin. Everyone has their own analysis and strategy. Good luck
Diversification of investment is indeed essential but diversifying by jam-packing your wallet with lots of shitcoins won't increase your chances of profitability at all, it will on the contrary create room for the possibility of more losses.
. Those who hold Bitcoin for a long time will surely get the maximum benefit from Bitcoin.

Most definitely but most times, it's not just about HODLing Bitcoin, one thing is to HODL and another is to HODL the right way.
There are people who knows that HODLing Bitcoin for the long-term brings high profits than considering the short-term benefits but one thing they fail to realize is that when you don't HODL rthe right way, youll end up losing your investment even before the profit starts coming.

A good example is HODLing Bitcoin without first making provision for an emergency fund, a reserve or a float fund to help you cover for emergencies and expenses when they arise, because surely situations that needs funding would definitely arise and if there's no funds set aside for such situations, then that means that you'll be left with no other options other than to run to your investment and take out some funds to sort out the emergency, thereby gradually reducing the value of your investment, and imagine doing this a few times, then there will be no more investment to give you profits anymore.

Cryptocurrency discussions / Re: Do you believe airdrops come from twitter media.

« on: May 21, 2024, 05:54:44 PM »

Quote from: 0t3p0t on May 19, 2024, 12:06:55 AM

Quote from: UNIVERSE on May 18, 2024, 11:57:11 PM
Quote from: DAMKAR on May 18, 2024, 10:02:16 PM
If you are willing to take the risk by participating in a retrodrop or other airdrop that requires capital, you will get a higher profit than a free airdrop. Many free airdrops are not successful, but if you have free time, go ahead.
I never join retrodrop, I am a bit afraid to join airdrop that requires some funds. In my opinion, airdrop should be for free, it doesn't need any amount of money. If we have many failed free airdrops, I also think it may also fail for the retrodrop. It is no big deal if we fail in free airdrops but it will be very bad if we fail in retrodrop. I don't want to lose money easily in retrodrop, that makes me not really brave to join retrodrop. $:-\$
Yeah same here, I have never tried joining a paid one as well and this is actually my first time hearing retrodrop so yeah I'll check this one as maybe it's worth it a try if ever I have extra money if not then free airdops are sometimes profitable but yeah majority of those I joined into are just a waste of time. 😅

I've always believed airdrops to be a complete waste of time, I only hear people talking about profiting from airdrops but none of the testimonies have ever motivated me to considering the option of participating in any airdrops because most of them are scams and the few that are legit are almost worthless and valueless when they're finally listed, so why go through the stress of wasting your precious time with something like that.

Cryptocurrency discussions / Re: Crypto Events, How Could They Impact Crypto Prices.

« on: May 21, 2024, 05:20:34 PM »

Quote from: Mega Mind on May 20, 2024, 10:15:01 PM

.
I mean we are remembering the day when someone bought a pizza with 10,000 BTC, if we remember events like this, it could inspire the trust in BTC and may might want to benefit from it believing that it could rise up in future, I mean, nobody will like to be like the guy.

First of all, it was actually 2 pizzas and yes such a cautionary tale could indeed have the ability to build up some motivation in the heart ofanny investors as it'll open their minds to the possibilities of Bitcoin. Even I do think about the story sometimes and imagine just how devasted that dude who paid 10,000 BTC for two pizzas would be today ( if he's still alive), I mean I would be if I were him

But looking at it on the bright side, if he hadn't initiated such a transaction then, his name and story wouldn't be remembered and talked about when discussing notable moments in the history of bitcoin every single year, so it's actually a good thing and a sort of inspiration for other Bitcoiner.

Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???

« on: May 21, 2024, 10:18:31 AM »

Quote from: DAMKAR on May 21, 2024, 10:04:41 AM

For those who have experience and knowledge of investing in new coins, they can invest in new coins. I tried it but experienced losses several times. I prefer old coins that have a clear reputation. because the risk of new coins is quite high and I have no experience investing in new coins

My past experiences with altcoins generally has been quite devastating and awful, both old and new coins, so right now I prefer to just stick to investing in Bitcoin, aiming for its long-term potentials rather than investing in a coin that I can't even predict its short-term or long-term outcomes.
Altcoins are not entirely safe ( for me) as it carries lots of risks, both new and old coins, because I've seen and witnessed lots of projects that's been in the market for quite a while and has made waves in the cryptocurrency industry but are nowhere to be found now, which makes it even more scary.

Cryptocurrency discussions / Re: This bull market will likely be the last one, don't you fail!

« on: May 21, 2024, 09:04:37 AM »

Quote from: Jamal Aezaz on May 20, 2024, 08:23:36 PM

Quote from: taufik123 on May 14, 2024, 11:47:31 PM
If you are worried about the last Bullrun and are afraid that the price of bitcoin will drop drastically after that,
then you need to prepare to take the profits that you will target.

But before that you need to fill your bag as fully as possible now, set the main target and take the profit when it has been achieved.
My main target for the last ATH is $100k and after that I will just see how the bitcoin market develops, whether it will go down after the big Bullrun or will it just standby and continue to reach new ATH again.

If someone is afraid about the bull season and is in doubt that will there be another ATH or not then he should plan a selling value so it can help him to avoid panic situations and will help him to make money for which he has made investment.

Rather than planning or deciding on a selling value as you've said, I think a better approach would be to consider the investment for its long-term profits rather than the short-term, because this actually helps a lot in getting rid of the effects and impacts of temporary market fluctuations on the investor (if it's Bitcoin you're investing in, and not altcoins).