I am only trying to stay safe by gambling less - page 19.

Solosanz

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Quote from: FUCKBSVFUCK on May 02, 2023, 08:10:16 AM

You think, they are still talking about bitcoin. Even in Bitcoin is not a very safe currency. The market is not regulated or regulated and no one is able to stop their gambling habits. It is easy and smooth to play gambling.

Depends on what you consider Bitcoin can be called as safe.

If you think the volatility make Bitcoin isn't safe, then it will never been safe from the beginning.
If you think the regulation make Bitcoin isn't safe, you still have a choice to use Bitcoin even though it's get banned in your country.
If you think the security and network in Bitcoin isn't safe, you're wrong.

Regulations to ban gambling can reduce people to not gamble, but it will not stop 100% since you can still use VPN or gamble on an unlicensed casino.

FUCKBSVFUCK

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You think, they are still talking about bitcoin. Even in Bitcoin is not a very safe currency. The market is not regulated or regulated and no one is able to stop their gambling habits. It is easy and smooth to play gambling.

Alisha-k

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One is a life time investment that can never leave you with a 0 balance in your account, the other could wreck you off your entire life savings with just a blink of the eye, spot which is which and be at peace.
B/w, you don't always have to prove to people that they're right or wrong, important thing is, you know what you're doing and it's paying off for you.

nullama

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Investing is different to gambling.

Just think about investors and gamblers. You will see that people who invest are looking to the long term, while gamblers look at the short term.

You will also see that many investors end up wealthier than before investing, whereas most gamblers end up with less money than when they started gambling.

That is partially why gambling is so restricted in many countries, but investing is encouraged by governments (retirement saving accounts for example, etc).

Bitcoin allows you to invest by simply saving in money. This is different to fiat, because fiat value is eroded by inflation so you have to exchange fiat for something else, like Bitcoin, or real estate, etc, so that the value doesn't go down over time.

BobK71

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Quote from: SOKO-DEKE on May 01, 2023, 06:49:23 PM

Quote from: Wiwo on May 01, 2023, 04:15:57 PM

The major difference between gambling and investing in Bitcoin is the fact that with gambling when you lose, you lost all your staked amount but Bitcoon the other hand even when the price drop, you still have your bitcoin intact unless you decide to exchange it into fiat.

It fiat value may decrease, but you can not lose everything at least you DCA value will still worth something even if it less than what ot use to be, gambling is high risk compare to Bitcoin holding.

Since Bitcoin is volatile, it is obvious to me and everyone else who is familiar with how it operates that it can only lose value or keep losing value; however, someone who has bitcoin in their wallet cannot lose that bitcoin and may hold out hope that it will one day recover. In contrast to gambling, which requires you to make a prediction and bet a lot of money, when you lose you lose everything and have no possibility any hope again, Bitcoin can only lose value, which gives you hope but not gambling.

Although I think Bitcoin carries risk, but that risk can never be compared to gambling, in my opinion. Infact nobody will address gambling as asset when someone stake on it but Bitcoin is been address as assets.

There is a big difference between gambling and investing. If a bitcoin investment loses value, it will recover once a time. But that is not possible in gambling. Here gambling should be done with the mindset that the probability of loss is high on every bet. Although there is risk in these two issues, but they are different perspectives. One risk is lost forever and one risk loss for a long time but that have the possibility of regaining. So those who think the same about Bitcoin and gambling risk should refrain from this idea.

SOKO-DEKE

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Quote from: Wiwo on May 01, 2023, 04:15:57 PM

The major difference between gambling and investing in Bitcoin is the fact that with gambling when you lose, you lost all your staked amount but Bitcoon the other hand even when the price drop, you still have your bitcoin intact unless you decide to exchange it into fiat.

It fiat value may decrease, but you can not lose everything at least you DCA value will still worth something even if it less than what ot use to be, gambling is high risk compare to Bitcoin holding.

Since Bitcoin is volatile, it is obvious to me and everyone else who is familiar with how it operates that it can only lose value or keep losing value; however, someone who has bitcoin in their wallet cannot lose that bitcoin and may hold out hope that it will one day recover. In contrast to gambling, which requires you to make a prediction and bet a lot of money, when you lose you lose everything and have no possibility any hope again, Bitcoin can only lose value, which gives you hope but not gambling.

Although I think Bitcoin carries risk, but that risk can never be compared to gambling, in my opinion. Infact nobody will address gambling as asset when someone stake on it but Bitcoin is been address as assets.

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Quote from: ChiBitCTy on May 01, 2023, 06:01:27 PM

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

I can't say I agree with really anything either sides here are saying. First off, bitcoin and gambling are two entirely different things. Bitcoin was created as digital payment system. Now it's become an investment, just like all currencies are as they are traded and used as investments, but inherently it's a payment system. Gambling could mean a lot of things, but with gambling you win or lose at thats that. Your bitcoin value can go up and or down but as long as you hold on to it, you're losing nothing.

Knowing charts doesn't make you a bitcoin trader, and there's a lot more to the price of bitcoin than just what chat movements say ( or you think they say ). There's a certain level of fundamental analysis with bitcoin as well as technical.

So IMO you're both wrong.

I agree analyzing the conversation between @OP and his friends ends up on who is winning and losing which is not the case to differentiate Bitcoin investment and gambling. A person can lose on investment but it still can't be considered as gambling.

One good comparison is given in this article called Gambling vs. Investing. One notable explanation in this article is that, when we gamble we own nothing, meaning the moment we spend our money to wager, we hold nothing until the result of the wagering happens. While in investment, when we spend our money, we automatically got a hold of the asset or if it is on stocks, we own a share of the underlying company. In fact, some companies actually reimburse us for our ownership in the form of stock dividends.

In the case of Bitcoin, when we invest in Bitcoin, as we spend our money, we receive Bitcoins and it enables us to enter the Bitcoin market. We can profit or loss according to our action. The key point here is having something to own after spending/releasing the money.

Adbitco

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Quote from: Viscore on April 30, 2023, 05:46:04 PM

Quote from: Adbitco on April 25, 2023, 07:50:04 AM

Snip

The only reason bitcoin investment falls into gambling is when the investor think like a gambler and does not actually know how to make his investment works.

I don't think there's any cogent reason to classify bitcoin as gambling all investors knows that there are two things involved while investing in bitcoin is either price drop and increase later that doesn't meant they have automatically lost their funds no no sir..
Gambling there are two things that also involved either you bet and lost or you bet and win, if you lost no remedy for you the money is gone forever. So tell me where is bitcoin investment be classified as gamble?

ChiBitCTy

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

I can't say I agree with really anything either sides here are saying. First off, bitcoin and gambling are two entirely different things. Bitcoin was created as digital payment system. Now it's become an investment, just like all currencies are as they are traded and used as investments, but inherently it's a payment system. Gambling could mean a lot of things, but with gambling you win or lose at thats that. Your bitcoin value can go up and or down but as long as you hold on to it, you're losing nothing.

Knowing charts doesn't make you a bitcoin trader, and there's a lot more to the price of bitcoin than just what chat movements say ( or you think they say ). There's a certain level of fundamental analysis with bitcoin as well as technical.

So IMO you're both wrong.

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Quote from: 348Judah on May 01, 2023, 04:33:40 PM

Quote from: Wiwo on May 01, 2023, 04:15:57 PM

The major difference between gambling and investing in Bitcoin is the fact that with gambling when you lose, you lost all your staked amount but Bitcoon the other hand even when the price drop, you still have your bitcoin intact unless you decide to exchange it into fiat.

It fiat value may decrease, but you can not lose everything at least you DCA value will still worth something even if it less than what ot use to be, gambling is high risk compare to Bitcoin holding.

You're right mate, an average person cannot assume the two as thesame thing because gambling is not an investment but rather an event to mark the occasion of having leisure, when you invest in bitcoin, you're not gambling but taking risk to invest for profitability in the future time to come, the two may involve the use of money but not thesame applicable means we make use of the money, everyone doing each of the two must understand clearly what they are in for because one can loose money completely and tge other may loose little or earn more and we must not take one for each other because they are entirely different things.

or better yet, if his friend continue to have arguments over this matter, then better let it go. you can't win to an argument if he doesn't open himself to other aspect of bitcoin investments. just like you said, even if the btc price goes down, still you only lose some. but you will only lose if you sell it but if not, you still have the chance to recover your initial investments or more.
in gambling, once you lose, there's no getting back those funds. so yeah, let him think that both are the same, just do your own thing. and let's see who's the winner at the end.

Dzwaafu11

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

I believe the reason why your friends continue to argue with you is because you haven't explained to them exactly how bitcoin investments work. If you have, they should know that gambling and bitcoin investments are very different from one another. When you gamble, you can have a lot of money and believe that you'll make money, whereas a bitcoin investor won't. Which is different because I'm confident that if a bitcoin investor received the kind of money that gamblers occasionally lose, he would take care of himself.

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Even bitcoin traders, in my opinion, take a higher risk with their money than gamblers do because they frequently lose a lot of money in a single night, whereas a gambler can occasionally only predict one ticket and is finished for the day once the game doesn't go as planned, whereas a trader can lose and still study the chart since the chart is rising and falling, they may believe it will rise and put another money that's how they operate. And some continue to lose.

Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

Yeah mate actually most of the bitcoin investors have more positive results than negative an intelligent bitcoin investor hardly lose their assets since even if they invest and the price isn't what they want it to be they can still keep hodling that is what makes bitcoin to get positive results than negative.

348Judah

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Quote from: Wiwo on May 01, 2023, 04:15:57 PM

The major difference between gambling and investing in Bitcoin is the fact that with gambling when you lose, you lost all your staked amount but Bitcoon the other hand even when the price drop, you still have your bitcoin intact unless you decide to exchange it into fiat.

It fiat value may decrease, but you can not lose everything at least you DCA value will still worth something even if it less than what ot use to be, gambling is high risk compare to Bitcoin holding.

You're right mate, an average person cannot assume the two as thesame thing because gambling is not an investment but rather an event to mark the occasion of having leisure, when you invest in bitcoin, you're not gambling but taking risk to invest for profitability in the future time to come, the two may involve the use of money but not thesame applicable means we make use of the money, everyone doing each of the two must understand clearly what they are in for because one can loose money completely and tge other may loose little or earn more and we must not take one for each other because they are entirely different things.

Wiwo

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The major difference between gambling and investing in Bitcoin is the fact that with gambling when you lose, you lost all your staked amount but Bitcoon the other hand even when the price drop, you still have your bitcoin intact unless you decide to exchange it into fiat.

It fiat value may decrease, but you can not lose everything at least you DCA value will still worth something even if it less than what ot use to be, gambling is high risk compare to Bitcoin holding.

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Quote from: Promocodeudo on May 01, 2023, 02:58:57 PM

Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.

In fact, many many things can be addictive, and it's not just alcohol, drugs, and gambling. This can also be said about food, sex, and many other activities. On the other hand, many people enjoy many of these activities almost every day and have no problem at all. So most likely the reality is that addiction is expressed only in people who either do not know how to limit themselves, or have some psychological problems.

Fortify

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Quote from: Crypt0Gore on April 25, 2023, 07:30:54 AM

I am not a gambling addict but some friends are making me look like one because I gamble less and they gamble more, it all started when we got into an argument that investing in Bitcoin is not the same as gambling, my friends who are gamblers, not full-time but more of a gambler than I am, are claiming that there is no difference between investing and gambling, they said if all you doing is investing money on Bitcoin you are no different to those who are gambling in a casino.

Still, I refuse this because I believe they are wrong, Bitcoin market has charts and I am playing with charts even if I am a full-time Bitcoin trader, all I need to do is read charts, and if I am good at it I will win vs gambling, where it's you vs a company which we can never tell if their games are completely fair or not.

Furthermore, I told them that Bitcoin investors tend to get positive results, while online casino gamblers tend to get negative results more than positive result, true or false?

I asked them to show me prove that they make more from gambling than they lose, none of them showed me, but I prove to them that I hardly have losses investing in Bitcoin lol .

Famz, drop your opinion on this, would you categorize these two as gambling? Because the only winning factor from Bitcoin investment is to just buy low and wait for a high price, it's not the same with casinos. Am I not making sense? I will like to hear from you.

Speculating in buying cryptocurrency is definitely comparable to gambling in some respects, but I'd say there is one key difference. When you are gambling, it is often a binary outcome on your return - either you win or you lose your bet. When it comes to cryptocurrency it is way more variable and volatile than traditional investing like buying index funds in the stock market, however it is not a binary outcome. You might have $100 worth of currency one day and it could drop to $80 on day two and then $60 on day three. If you are disciplined and have some sort of trading strategy, then you might decide that losing 40% of your money is a signal that you will take a loss and sell out. You've not lost your whole "bet".

Mahanton

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Quote from: Fivestar4everMVP on May 01, 2023, 03:31:04 PM

Quote from: DaNNy001 on May 01, 2023, 03:21:28 PM

Quote from: Tumanggor on May 01, 2023, 02:06:17 AM

Quote from: LDL on April 30, 2023, 08:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.

LOL, stupidest thing or decision any gambler would ever make, decide or do is to make gambling a career, when there are lots of businesses one can do and be financially successful and independent..

If one love gambling so much that he or she wishes to turn it into a career, it is better for such person to start a gambling casino, which to me, I think is a really good and lucrative business anyone with good experience and gambling knowledge can venture into, you did be more comfortable running a casino than turning gambling into a career.

It might sound stupid but there are really that people who do really make out such decision or did really take this path on which they are really that making it as a career specially into those who do stay up
on poker or in other card games and to those who do silently getting involved with sports betting and trying out to sustain on day to day basis. Yes, making gambling as a career is really indeed that a
very dangerous act or plan to have because we know that gambling isnt something that you could really bare up with the risk or even able to sustain considering that odds of winning is really
that way too less specially when dealing up with luck based type of games which is something that understandable If you do go on gambling activity but you do have
that enough self control and treating it as an entertainment then i dont really see any problems with this.

Risks is really that high with gambling and if you arent that aware of that on early then better to make yourself aware asap. You would be busting and losing up that much in longer
runs and gambling is really just that for fun and not for making money specially on long term.

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Quote from: DaNNy001 on May 01, 2023, 03:21:28 PM

Quote from: Tumanggor on May 01, 2023, 02:06:17 AM

Quote from: LDL on April 30, 2023, 08:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.

LOL, stupidest thing or decision any gambler would ever make, decide or do is to make gambling a career, when there are lots of businesses one can do and be financially successful and independent..

If one love gambling so much that he or she wishes to turn it into a career, it is better for such person to start a gambling casino, which to me, I think is a really good and lucrative business anyone with good experience and gambling knowledge can venture into, you did be more comfortable running a casino than turning gambling into a career.

DaNNy001

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Quote from: Tumanggor on May 01, 2023, 02:06:17 AM

Quote from: LDL on April 30, 2023, 08:54:57 PM

One sentence in your comment that I really like is that gambling is totally about luck. If luck favors you will get profit and if luck doesn't favor you will face loss. But Bitcoin investment is completely different because if you save the digits by investing in Bitcoin, it will give you huge profits in the future but you may not face losses.
Yes, but many people want to completely abstain from gambling because if you become strongly addicted to it, you will never be able to get out of it. Many people become destitute due to this gambling addiction and many students are ruined from their main objective of education. So those who wish to take this gambling as a career must take the step carefully.

gambling as a career? it is a very risky decision! when gambling, we are 50:50 between victory and defeat, but if someone really believes that he has skills in gambling skills (poker, blackjack, chess, etc.) then there is nothing wrong with making gambling their career

but it must be remembered that depending on life on gambling is a step that people cannot do arbitrarily, there are many careful considerations that must be made

There is everything wrong in making gambling your career, I mean how can you live your life on the edge of luck. Gambling can never, I repeat never ever be someone career because you can never be certain of the outcome of your winning rather making gambling your career will just destroy your life because you can lose your whole funds to this act on days that you are unlucky.

Awaklara

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Quote from: Promocodeudo on May 01, 2023, 02:58:57 PM

Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.

yes, I feel it. for some reason, some of the games in the casino and football betting are very interesting to me. it makes me always bet and set aside some of my money to gamble. there is no problem with this, as long as we can control what we will bet.
All gamblers are aware that games from casinos are indeed made for the curiosity of gamblers. that's for us to keep playing.

Promocodeudo

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Gambling is very addictive, gambling less can only help you if you are not putting it to heart which I not possible but I must say that once you are into gambling it will be almost impossible for you not gamble more unless you are just a beginner that just want to give it a benefit of doubt but once you win a bet generally you will gradually see yourself graduating into a full gambler.

Topic: I am only trying to stay safe by gambling less - page 19. (Read 2882 times)