Altcointalk Username: xSkylarx
BTC Segwit/bech32 Wallet Address: bc1qlwc7peule7q9mg3nkvj283ud8tv9vwn0ygx7qr

Reapplying.

Sorry to say this, but your friend is really stupid and I do hope that he has no child or family to feed because if so then for sure they starve. Your friend might be addicted to gambling or too greedy to double his salary (signs of addiction) that is why he bets with all his money and can't even control himself. I am just glad that I am not like your friend and I do hope that your friend learned a notable lesson from those mistakes. For sure, he will go into debt because of that action.

Whether losing or winning, we should always be in control, not only in losing that we should stop playing because we will lose more but also in winning. There are many times that people lose more when they win like when they keep playing until they lose and that is the time they will bet big so that they can get back their winnings but it turns out they lose more. Always have control, and if you are winning or losing, you should know how to stop.

Quote from: xSkylarx on December 26, 2023, 03:29:57 PM

Quote from: Gormicsta on December 25, 2023, 02:18:07 PM

Quote from: Thyplaymaker on December 22, 2023, 09:52:29 PM

Most gamblers have the mindset that gambling is way of making fast money. Whereof gambling some thing that should be entertaining and but we humans are forms of abusing things that most people end up going all out in gambling to make bigger profit or to cover their previous losses, they don't they are actually opening way for more losses to come. And is something that can be easily addicted to so don't take gambling as a business nor a job take it as some thing you just do to while away time or fun that you're ready for any possible outcome.

That's why it's also very advisable to gamble with what you can afford to loose rather going in with all your money with hopes of winning

The biggest mistake that will happen in your life is if you bet all of your money and think to win.

And this is exactly what causes frustration and also resulting to stupid decisions, the other day, we heard someone took his own life after loosing a bet, if he knew fully well what gambling is really all about and that one shouldn't gamble with everything he has with the hopes of winning then he'd still be alive now.

It is really sad to hear and read the news that they are taking their own lives because of gambling and their own mistake in putting all their bets in. This kind of person also should have friends or family that can listen to him so that he can tell his problem because most of those suicidal thoughts are that you haven't talked to someone about your problem and your evil self will just tell you to take your own life so that you'll be free, which is the opposite as the situation will get worse because your family will be the ones in burden because of your consequences.

If Mr X bought his Bitcoin in 2022 for $20, 000 for 1 Bitcoin and Mr F buys his Bitcoin today that 1 Bitcoin is trading for $42,113, who will make more profit when the bull market starts? If bull market starts, the people that bought Bitcoin when the price was very low will make more profit than people that bought today.

This is another way of telling the person not to buy when the price is too high and everyone is hyping it on social media. Not because you just saw something trending on social media, you will jump into it directly. A lot of people have already learned a lesson on this because people tend to buy when the price is high, and they are always thinking that it will continue to rally. I am hoping that this year people will now be thinking deeply and having second thoughts on investing in something.

I did have a lot of workmates before that kept telling me that Bitcoin is a scam and that the only way to earn it is by networking, like inviting someone to invest, but when the ATH happened during the pandemic, they started asking how to earn or buy it. It is just funny and sometimes fulfilling that a person who used to criticize you about Bitcoin will be asking for help on how to obtain it, and guess what? I just say that it is a scam don't invest haha and I will say just kidding, search it on Google.

This is not risky you hold your BTC for the long term because if you hold your BTC for the long term it will be good for you and you can make good money through this because day by day the BTC price goes high, and the investors limit is increased and the peoples will start to invest in this market day by day.

From an investment perspective, yes because you notice that the history of Bitcoin is that its price keeps increasing, so it has a higher probability of gaining profit, but if we talk about security measures it has a risk over time because others may hold it in an exchange or local wallet where you do not own the private key, and also because hackers and scammers are evolving so as time goes by you need to learn more about safeguarding it as well.