Topic: How to save money. - page 147. (Read 345824 times)

Quote from: Don007 on August 01, 2015, 06:48:09 AM

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea Wink

play gambling based only luck, you're sure to be rich just by luck? nothing is really successful and rich from gambling

ajun96

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Quote from: Don007 on August 01, 2015, 06:48:09 AM

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

it seems almost everyone has experienced it, its so true, it happened also to me, while playing dice in the first round I lost to 0001, I think to close earlier defeat to place a bet, remains a loss again that I can Cheesy

greBit

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Quote from: diodio1 on August 01, 2015, 10:27:51 AM

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

Exactly the point harharhar tried making, gamble with money you can afford to. He gambled with the money he think he could afford losing and it benefited him positively, so ofcourse even if he loses, it won't be such a bad thing. Gambling is something I was never really good at, but I've seen lot of people be successful by gambling. They take risks in casinos, in real life. Nothing bad with the idea Wink

1986

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it was basic savings strategy i think, 20% of our total income. i did it in past 5 years and it's working , i can bought a new car with my unused savings.

20% is a good and safe amount. I think over time bitcoin will be a very sound investment and definitly give you better interest over even a high interest bank account.

diodio1

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it was basic savings strategy i think, 20% of our total income. i did it in past 5 years and it's working , i can bought a new car with my unused savings.

Dotakels

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Quote from: HarHarHar9965 on August 01, 2015, 04:16:33 AM

Quote from: HarHarHar9965 on July 31, 2015, 02:13:24 PM

Quote from: foxbitcoin on July 29, 2015, 06:35:52 PM

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

I had the same ideology till a week ago, I was really tired of how things were working out for me and decided to gamble with 0.5 btc. I guess I was either really good at online casino or I was really lucky but I did make 6x of what I started with. I think gambling is fun when you have money to gamble. It is all about discipline too, you should know when to stop. I see a lot of negativity about gambling because a lot of people end up losing, its okay, to each his own

Haha its a great for you but for the others gambling is a bad idea or a bad way to grow their coins. And many of people have a negative though about bitcoin because they are the one who lose their money because of gambling.

Dr. Pepper

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Quote from: HarHarHar9965 on July 31, 2015, 02:13:24 PM

Quote from: foxbitcoin on July 29, 2015, 06:35:52 PM

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

But investing is also a gamble is it not? You can possibly lose it all or make profit... or recoup your money. People should be weary of investments just as much as they should with gambling as there is no guranteed winners in either option.

Don007

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Live like there is no tomorrow!

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

That's the temptation of gambling. You always want to place ONE more bet as you're quite convinced you're going to win that one (and thereby for example cover your costs). However, what happens when you loose that bet is that you are going to try to place another ONE bet (probably with a bigger amount of money or BTC).. All in order to cover your costs. And then you're too deep into the game.

See gambling this way: as the house wants the casino / website to be profitable, in the end you will loose money. Yes, there is a chance that you actually make money (and some are lucky enough for this - but, in the end, the chance that you loose is bigger. If you really want to gamble, only use money you can really afford to loose.

For example, if you would otherwise spend $50 in a club that night, you can also spend $50 in a casino. But if your financial status is that bad that you can not loose a few dollars, simply don't gamble. Keep your money, and if you've got some spare; SAVE IT as harder times will aways come.

ajun96

hero member

Activity: 658

Merit: 500

You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

Thats right, people are always tempted to increase their money without seeing the risks, so that they only see the benefit that will be achieved

HarHarHar9965

hero member

Activity: 994

Merit: 1000

Quote from: HarHarHar9965 on July 31, 2015, 02:13:24 PM

Quote from: foxbitcoin on July 29, 2015, 06:35:52 PM

The only money I save is through buying Bitcoin I've personally never had so much money at any given time in my savings.

I think that has happened because you have not made any other external use of your btc by investing it into something, gambling, etc. You're a hodler and you will not let go until it is a very very big market. That is a good thing but I advise you to play a little with your bitcoins and maybe invest them into something you think has a future, or better yet gamble with the coins you think you can afford to lose. Sometimes you will comeback with lot more you think you were ready to let go.

Suggesting someone to gamble with their money / BTC in order to save money is the worst and funniest thing I've read this week.. Overal, you loose money with gambling. Yes, there's a chance that you win money, but - in the end - there is always a bigger chance that you loose money (as the casino / dice website etc has an house edge in order to be profitable).

Investing might be a good advise - as long as you invest well and in the right project. That's very hard too..

I had the same ideology till a week ago, I was really tired of how things were working out for me and decided to gamble with 0.5 btc. I guess I was either really good at online casino or I was really lucky but I did make 6x of what I started with. I think gambling is fun when you have money to gamble. It is all about discipline too, you should know when to stop. I see a lot of negativity about gambling because a lot of people end up losing, its okay, to each his own

knowhow

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You need only a financial discipline, you can't buy everything you see, just buy what you need, not need accuracy but only to ask for what I need it? What use? But I'm sure bet not ever the best way to save but to risk any capital, because the temptation to increase and win sometimes force anyone to invest again.

tommorisonwebdesign

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