Topic: I am only trying to stay safe by gambling less - page 16. (Read 2882 times)

The things you said is true. This is happening in altcoins alot when they invite people to the telegram and advise wrong advise for people to invest in particular coin and if you do it will pump and after they sell high, it will drop and you will lose if you want to sell on the dump price. This practice with altcoins is what I think is like trading as gambling but this not the same with bitcoin. If bitcoin drop it will later rise but not like altcoins which will lead to permanent lose because some will die as the management pack up after scamming investors.

I think this last line already cleared the air on what I was going  to say, at times, we never can really understand how serious an addiction can be until we fall into it ourselves, from my personal experience, addiction, as simple as it seems, is one of the hardest form of habit to quit, most especially when it has eaten dip into our system, it takes great efforts, both emotional and mental strength to quit the habit, and for some people, it doesn't end at being emotionally and mentally strong, one would still require the help of family, or a professional person, to come out completely, else, we see a situation where an addict claims to be free from his or her addiction, only to fall back into it some weeks or monthly later.

When addiction hits you then these are the possible scenario which you would be might be ended on;

1. Accept your mistake and make yourself mind about on quitting it. It all matters on self acceptance and discipline if you are really that serious on getting rid of it.
2. Seek help from your loved ones or family members
3. Seek professional help.

#3 option does really give out more expense since you would be needing to pay up but the first 2 options is something that is free. Dont make yourself wait
on going to that last part. Actually someone could get rid of addiction if they are really serious on quitting it. There are really just people who are really that
emotionally and mentally weak when it comes to various things.

That is the most appropriate thing, but if you really can't do something like that, the environmental conditions and trying to reduce it little by little is clear this is still something very good because talking to professionals for healing therapy actually seems to be useless if you really don't have strong desire within. But it's different when we have a strong desire and are assisted by some of the people closest to us and try to reduce habits little by little and don't get too involved in an unhealthy environment, then this can be another solution in my opinion.The thing that really becomes difficult is when we don't believe in ourselves that we are capable of doing things we are not very used to doing and when talking about gambling addiction they are not too sure they cannot end it even though when they try they want to go little by little of course just with a strong desire I think it's still possible to reduce even free from addiction.

the first thing that can help the gambling addict is that he himself wants to stop hoping for a multiplier of money from gambling and has a strong desire to stop gambling. if a gambling addict already has a strong desire he can tell everything to his family who can help slowly to take him to a psychologist specialist to treat slowly to avoid gambling.
for sure, gambling is for me an activity to seek pleasure and if you don't want to become addicted always use small amounts with minimal bets and don't expect big wins.

Right, if the addicts will really need help from professional people to help them get rid of their addiction. however, that's not the only thing that helps the most as you say. the role of the family, is an important part of helping someone escape from his addiction. whatever kind, both gambling addiction or drug addiction. so, family support is the main part that plays an active role in the recovery of the addict.

Well, the most important part is the strong intention and determination to recover. So, the only thing that can help addicts escape from their addiction is themselves. Another factor, is the supporting part. for other points we all agree, that it would be better if gambling was made more part of fun entertainment. but with conditions, be responsible and have good self-control. that way, all of us will not be dissolved in the pleasures that end in addiction. or at least, we have more control not to do excessive activity towards gambling.

Yes, it's true. The only thing that can help these gambling addicts is to seek help from the professionals because even if they want to change for the better, it will be so hard for them to take those words into action as they don't have that much strength left to battle their desires towards gambling. That is why it's really much better for us and especially for those who are planning to start their fate towards gambling to view gambling as a form of entertainment and a past time, not a way to earn another money because if that's your way, there's a huge chance that the opposite will be given to you and that is losses.

The most surprising thing out of the whole situation is that it seems as if people simply are unable to learn this simple lesson, with the exception of a few altcoins the rest of them do not offer enough to investors to gather any significant amount of money, and yet they do, in fact this is so common that many times I have wondered if there is something wrong with the knowledge I have accumulated over the years, but every time I finally make the same conclusion, and that is those people are not really investors but gamblers which disguise themselves as investors.

Buying and selling altcoins is basically gambling, and you end up paying lots in fees that are basically part of the thing. The people running those altcoins end up with most of the money of the gamblers.

It's the same thing over and over, casinos, altcoins, etc. The promise of easy money but in reality they take your money. It's only easy money for the casinos and whoever created the altcoins.

Sure but let's cut out the emotional part and assume that gambling in the long run is a losing game. Isn't it then just a question of how long I keep playing in total? Not only on a certain day? The only difference would be that I could afford to go broke for a longer period of time.

Let's say I want to place seven bets in a week and at the end the chance is quite high that I am broke with my budget for that week after the 7th bet. What is the difference in the overall outcome when I place seven well-considered bets on one day versus one bet per day over seven days? Even if I take profit on day one when I win the first bet, the outcome after seven bets could be the same either way.

The difference is that addicted gamblers could tend to place bets on events they have no idea about because there are only so many on certain days. But if we leave that aside and assume that every bet comes with the same amount of consideration, when do you actually take profit? Or when do you cut losses? What if I placed a couple of bets, lost them, and then there is one more event that I think could very likely go in my favor. Cut losses and leave that event?

I am just saying that the probabilities of losing long-term stay the same for as long as we assume that the individual is acting rationally. But it can also be rational to bet on one more event after you lost a bet.

It is not about the right moments to take profits or cut losses, it is about the dose and a bank roll management that is never a threat to any financial obligations and personal progress in real life. Even if you are a winning gambler and you gamble for 10 years 24/7 and you make quite a fortune, I would still question whether that was the right decision to keep going. Losing lifetime in the social sphere can also come at a cost even if you are a financial winner.

Well, they can't really help it even if they don't want to do it, they've already become addicted and are generally compelled by their urge to gamble that makes them gamble with more than they can afford to lose and they regret it later but they can't stop themselves even if they try. Addiction is a very bad thing.

Such people are those who were too aggressive with gambling and their money initially and that is the reason why they become addicted. Those who go slow and easy initially will have more control over themselves and their emotions and can easily stop whenever they want.

Some of those which consider themselves to be investors are in fact deceiving themselves and they are just gambling with cryptocurrencies, since they are relying on their luck instead of their skills and strictly managing their risk with it, now if someone wants to use this market to gamble their money away I have no problems with it but at the same time they need to acknowledge that what they are doing will most likely never give them the results they are looking for.

I think it is not a matter of time, but a matter of management and trying not the get hooked on the gambling session.
There has been occasions when I am rolling the dices and I get hooked and continue to roll them even though I had already decided not to continue, but I get back into my mind and stop immediately. It is the kind of "only once more" kind of addiction, but it can be fought, unlike other kind of addictions.

Actually, you should check out on internet about the chemist-biological explanation to gambling addiction, it truly can mess with the natural substances in our brains.

Important thing here is that, you should really know on when to take profit and call it a day and would really be starting on where you do before or something on your base bet and wouldnt really be

having that kind of behavior on which you do make some all-in type of gambling which those profits or winnings you do have earlier would really be just losing back on where it was taken.
This is a common concept or cycle on where gambler would definitely asking for more which its never been that a shocking thing anymore. If you cant bare up with the risks
then you could always opt no to play in the first place.

There are much or lots of things which you could entertain or enjoy yourself without needing to touch up gambling space.There are really just some people
who are really just that too impulsive when it comes to this manner.

You may argue about it or not but isn't gambling another way of making money?  Remember gambling is played with bets and if you are lucky you can win a reward.  But it is not advisable means of making money.  While at the same time, investment can be a gamble.  When?  That is when an investor does not know his investment and rely purely on his luck to get a profit.  one example is investing in shitcoins.  The level of risk is very high that we can label it as gambling on our investment funds.

It is only a matter of time in most cases. Bank roll management does play an important part in gaming strategies, but most games are set up such that the odds area against you long-term anyway. When you play the lottery and win a jackpot of perhaps $100 million and a ticket cost you $2 and the chances to win the jackpot is like 1 in 200,000,000, you can play 50.000.000 times, lose the 100.000.000 and would still be way below an expected value that would put you into the green zone.

I know that I didn't take into account the smaller winnings, which would come on top. But usually the jackpot is exorbitantly higher in value that you get the point. That is the problem. Poker players can win a tournament, or they can win several tournaments, but even those with big names in the industry sometimes go broke. Because what do you do if on the one hand the odds should now be in your favor, but your losing streak is longer than what your expected value calculations suggested? You go broke or you cut losses and stop. Even if it is a game with a slightly positive expected value wouldn't even mean that you always end up with profits.

Becoming addicted to gambling is only a matter of time. If he persists in gambling even though the chances of losing money remain high, he may become addicted to gambling shortly.

But if he realizes what he's doing in gambling has changed him, he needs to stop before his gambling addiction levels rise.

And as his gambling addiction grew, he could not stop himself from using his money to gamble and thinking only of gambling. Things only got worse when he couldn't stop himself from gambling and even trying to make money at all costs.

Gambling is not the addiction based game,but you become the one.If you play the game with the intention of winning the money.If the game strategy was not satisfying by your methods,then you would face such consequences.The gambling should be played based on the way of getting entertainment from it.Some gamblers had the attitude of playing till the money get bank corrupt.When you get some loss,you should hold till the game strategy was created by your new game strategy.

Boundaries? Yikes! It doesn't matter when you're a gambling master like me. Knowing when to relax is essential, but what about the thrill? Priceless. Bets require risky, high-stakes actions. So loosen up, leave your inhibitions at the door. If you try living the dream, you could just get lucky. But be wary; misfortune might strike at any time, leaving you broke and blue. That's just the price of admission for this crazy rollercoaster, folks.

When a gambler has enough bankroll and keeps losing in the gambling, the chance of losing that bankroll is so high. It is not possible to say when a gambler becomes addicted. However, excessive losses and high winnings can lead to gambling addiction. A gambler must follow a routine. Though it is very difficult to maintain the rules. Because we often don't prioritize these things when we are gambling. when we lose in gambling we remember these things. But the main point is that we should take precautions before any accident happens.