I am only trying to stay safe by gambling less - page 9.

Doan9269

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Quote from: borovichok on June 08, 2023, 10:38:49 PM

Quote from: nullama on June 08, 2023, 08:20:52 PM

Gambling, like everything else in life, can be a good thing if you keep control of it.

The same with alcohol, or any other thing that brings you some level of happiness, even eating food.

If you overdo it, then you will end up in a bad place. The problem with gambling is that it can be financially devastating really fast, so you always need to be in control.

I'm on the safe side because I don't engage in gambling activities, have never considered it, and don't want to be in a scenario where I have to pick between my properties and betting, putting one in a bind. I started with cryptocurrency earlier on, and with consistency, I'm taking some important earnings from the market, as opposed to gambling, which is unpredictable and inspires some hope. Gambling is risky, and we have both positive and negative information when we strive in the market, anyways its just the matter of decision triggered, I bet gambling have good tast for the addictive ones.

As you've mentioned, gambling should not be mixed together with investment fund and it will not be a good idea to use the investments on your property which serves as assets to use for gambling, many have made this kind of mistake in the past and are regretting it today, there must be an orderliness in whatever we are doing while gambling such that one side must not be affected against the other on the long run.

BitcoinTurk

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Quote

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 definitely think your friends are being unfair and not making an accurate comparison. As proof of this, they never show more gains than losses. Cryptocurrencies are an investment tool just like commodities and stocks and as with any investment they only involve investment risk. The only review that can be made for cryptocurrencies as "gambling" is to trade with leverage only because of the high risk but it should be remembered that leveraged transactions are a method used in all financial assets. For this reason, I can easily state that cryptocurrencies trading and gambling games are not similar and it is wrong to consider both as gambling. The theory that your friends have stated in no way makes sense and has no logical explanation.

jostorres

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Quote from: nullama on June 04, 2023, 08:57:53 PM

Quote from: Fredomago on June 04, 2023, 05:30:55 PM

~snip~
I follow your last statement, discipline is very important on both sides, knowing your limitations and having the right set of expectations and proper executions, you may get some edge either in gambling or in trading, though if you don't have that discipline and you allow your emotions for sure the outcome will never go to your directions but most of the time it will turn against you.

The thing is that even if you don't have emotions involved, the math still applies, the casino has an advantage over the gambler, always.

So, in the long term there is no way that the gambler will ever win, the casino will always get the money in the end.

It doesn't matter if the gambler is not using any emotions and is very disciplined. Math tells you that.

Discipline or control over your emotions might not make you win in gambling since as you said it is all about random numbers, but these two things can surely save you from extreme losses. If you understand when you need to stop and when you should play more, you can save yourself from constant losses that many gamblers face either due to having no discipline or not being able to get over their emotions of anger and frustration.

We all understand that gambling is a game of luck and there is nothing else that can make you win if you are not lucky, but we should also know that limiting our losses is in our hands, whenever we see that we are not winning at all, we should understand that luck is not on our side and we should stop right there.

maydna

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Quote from: kamvreto on June 08, 2023, 10:52:49 AM

@OP seems a bit different indeed, promoting a gambling site but he doesn't gamble and doesn't want to do it. Indeed, this is only a choice of gambling or not. But if the Op chooses to leave gambling and invest in Bitcoin that is also a good choice. Crypto investment will be made in the long term and it will provide more value. But I myself would probably do some gambling using just a little money as entertainment. This will require self-control so that gambling is not addictive and costs a lot of money.

Perhaps, he prefers to promote gambling sites rather than gambling because he knows gambling is a choice. He probably also knew that playing gambling would not able to make money even if it was possible. And it is true that if the OP chooses to leave gambling and invest in bitcoin, he can benefit in the future, especially if he can afford to buy bitcoin in times of downturn. And everyone can reduce their gambling activities, but it depends on whether they want it. And in playing gambling, he must really be able to control himself so it doesn't become addictive.

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Quote from: nullama on June 08, 2023, 08:20:52 PM

Gambling, like everything else in life, can be a good thing if you keep control of it.

The same with alcohol, or any other thing that brings you some level of happiness, even eating food.

If you overdo it, then you will end up in a bad place. The problem with gambling is that it can be financially devastating really fast, so you always need to be in control.

exactly. that all depends on the mindset of each adopting this gambling as entertainment or even as a place to earn or multiplier money. if someone assumes and has the mindset that this gambling will never give anything big except luck and lose more often, surely that person will gamble responsibly and have good control every time he wants to gamble.
different from someone who considers gambling as a place to find income, of course, they will always expect to win, even though they lose several times, they will keep doing it until they really get the big win they want, without knowing it, that is the beginning of destruction.

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Quote from: rojan on June 07, 2023, 09:51:06 AM

Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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 think gambling and investing are two different things. If you invest there is no chance of losing all your money. But if you gamble and lose you will lose all your money. And if you invest you will have very little profit. .Gambling will give you more money than your investment if you win. So I think there is a big difference between investing and gambling.

Gambling has no guarantee of giving your profits and most gamblers lose than they win. You might win one bet but have lost multiple others. There's hope that you'll win one day when you keep gambling but when you invest there's more believe you'll make profits.

Gambling won't give more money than investing unless you're one of the lucky gambler that all gamblers are hoping to become but when you make investments, all those that invested can make good profits if they have patience to wait for their investment to grow.

Investment give little profits when you sell your position too quickly or you invested very small amount of money. Only when gambling can you use small amount of money and make big profits. When that happens in investment, it is a high risk investment and not advisable.

borovichok

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Quote from: nullama on June 08, 2023, 08:20:52 PM

Gambling, like everything else in life, can be a good thing if you keep control of it.

The same with alcohol, or any other thing that brings you some level of happiness, even eating food.

If you overdo it, then you will end up in a bad place. The problem with gambling is that it can be financially devastating really fast, so you always need to be in control.

I'm on the safe side because I don't engage in gambling activities, have never considered it, and don't want to be in a scenario where I have to pick between my properties and betting, putting one in a bind. I started with cryptocurrency earlier on, and with consistency, I'm taking some important earnings from the market, as opposed to gambling, which is unpredictable and inspires some hope. Gambling is risky, and we have both positive and negative information when we strive in the market, anyways its just the matter of decision triggered, I bet gambling have good tast for the addictive ones.

nullama

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Quote from: kamvreto on June 08, 2023, 10:52:49 AM

~snip~
@OP seems a bit different indeed, promoting a gambling site but he doesn't gamble and doesn't want to do it. Indeed, this is only a choice of gambling or not. But if the Op chooses to leave gambling and invest in Bitcoin that is also a good choice. Crypto investment will be made in the long term and it will provide more value. But I myself would probably do some gambling using just a little money as entertainment. This will require self-control so that gambling is not addictive and costs a lot of money.

Gambling, like everything else in life, can be a good thing if you keep control of it.

The same with alcohol, or any other thing that brings you some level of happiness, even eating food.

If you overdo it, then you will end up in a bad place. The problem with gambling is that it can be financially devastating really fast, so you always need to be in control.

kamvreto

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MAaaN...!! CUT THAT STUPID SHIT

Quote from: maydna on June 08, 2023, 10:39:40 AM

Quote from: Helena Yu on June 07, 2023, 09:52:06 AM

Quote from: leonair on June 07, 2023, 09:07:40 AM

Both gambling and investing in bitcoins are risky but the difference is that if you lose gambling your funds will be gone immediately and your balance will be zero. But if you invest in Bitcoin, even if the price of Bitcoin goes down, you can hold it for a long time and at some point it will recover your losses and give you a profit. So investing in Bitcoin and gambling are not the same. Investing in bitcoins will save you some money but gambling and losing will not save your money in any way. So if you can stay away from gambling it will be great for you but you can continue to invest in Bitcoin but in this case you must be patient and hold Bitcoin for long time.

Yeah, as long as you still hold and not sell your Bitcoin during dump season, you're not lose, but it's still an unrealized lose.

The @OP is promoting gambling site, it's hilarious if he need to stay away from gambling because he need to gamble, exploring and know about it as his campaign need to post in gambling section. If @OP want to stay away from gambling, he need to avoid anything related with gambling in the first place. But it doesn't mean gambling is bad, gambling is good if you have a good self control and money management.

It is okay if he promotes a gambling site because he has the choice to gamble or not. And if he chooses not to gamble, so much the better for him because he can save money for other things. But if he decides to use some of his money to gamble, that's fine too. At least he can have a gambling experience like the others, but he has to have self-control and everything else so he doesn't become addicted to gambling in the future. And it would be even better if he used his money to invest in bitcoin so he can get a chance to profit when the bull market arrives.

@OP seems a bit different indeed, promoting a gambling site but he doesn't gamble and doesn't want to do it. Indeed, this is only a choice of gambling or not. But if the Op chooses to leave gambling and invest in Bitcoin that is also a good choice. Crypto investment will be made in the long term and it will provide more value. But I myself would probably do some gambling using just a little money as entertainment. This will require self-control so that gambling is not addictive and costs a lot of money.

maydna

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Quote from: Helena Yu on June 07, 2023, 09:52:06 AM

Quote from: leonair on June 07, 2023, 09:07:40 AM

Both gambling and investing in bitcoins are risky but the difference is that if you lose gambling your funds will be gone immediately and your balance will be zero. But if you invest in Bitcoin, even if the price of Bitcoin goes down, you can hold it for a long time and at some point it will recover your losses and give you a profit. So investing in Bitcoin and gambling are not the same. Investing in bitcoins will save you some money but gambling and losing will not save your money in any way. So if you can stay away from gambling it will be great for you but you can continue to invest in Bitcoin but in this case you must be patient and hold Bitcoin for long time.

Yeah, as long as you still hold and not sell your Bitcoin during dump season, you're not lose, but it's still an unrealized lose.

The @OP is promoting gambling site, it's hilarious if he need to stay away from gambling because he need to gamble, exploring and know about it as his campaign need to post in gambling section. If @OP want to stay away from gambling, he need to avoid anything related with gambling in the first place. But it doesn't mean gambling is bad, gambling is good if you have a good self control and money management.

It is okay if he promotes a gambling site because he has the choice to gamble or not. And if he chooses not to gamble, so much the better for him because he can save money for other things. But if he decides to use some of his money to gamble, that's fine too. At least he can have a gambling experience like the others, but he has to have self-control and everything else so he doesn't become addicted to gambling in the future. And it would be even better if he used his money to invest in bitcoin so he can get a chance to profit when the bull market arrives.

Pamadar

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Quote from: Silberman on June 08, 2023, 01:19:22 AM

Quote from: rojan on June 07, 2023, 09:51:06 AM

Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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 think gambling and investing are two different things. If you invest there is no chance of losing all your money. But if you gamble and lose you will lose all your money. And if you invest you will have very little profit. .Gambling will give you more money than your investment if you win. So I think there is a big difference between investing and gambling.

This is not really accurate, when you invest in a good asset you have a legitimate chance to make money but this does not mean that you cannot lose, in fact a great deal of the people that invested in bitcoin lost their money as they were unable to hold their coins for long enough to produce profits, and if this is true for bitcoin, which is the best coin we have on this market, then this is true as well for all the people out there which like to invest in altcoins and like try their luck with them.

Make sense, and if you failed to investigate and do thorough research, then the chance is really high to lose your investment.

But, if you manage to pick the right coin to invest and you know what you are doing with your
investment, then it will going to be far from gambling. Your chance is decent to make some good
earnings from your invested money.

Silberman

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Quote from: rojan on June 07, 2023, 09:51:06 AM

Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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 think gambling and investing are two different things. If you invest there is no chance of losing all your money. But if you gamble and lose you will lose all your money. And if you invest you will have very little profit. .Gambling will give you more money than your investment if you win. So I think there is a big difference between investing and gambling.

This is not really accurate, when you invest in a good asset you have a legitimate chance to make money but this does not mean that you cannot lose, in fact a great deal of the people that invested in bitcoin lost their money as they were unable to hold their coins for long enough to produce profits, and if this is true for bitcoin, which is the best coin we have on this market, then this is true as well for all the people out there which like to invest in altcoins and like try their luck with them.

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Quote from: EarnOnVictor on May 24, 2023, 03:17:46 AM

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Quote from: LUCKMCFLY on May 21, 2023, 11:14:43 PM

It is very difficult to make a player who has a lot of money understand that he should stop, because honestly if he has a Backup for his other needs it is very Difficult, what is Really Difficult is to play with money that should not be lost, because if If you lose, other things can get out of balance, and the responsibility you have becomes pressure, for that reason it is always Healthier to play in a casino with little money, but that little money is willing to lose and that criteria will be respected later not to put more money and risk the one that has already been committed before,because that is where the addiction begins.

I think this case is dependent on the self-control or the discipline of the player it has nothing to do about the amount of money available in the bankroll. Even with a huge bankroll if a player knows the consequences of indulging too much in gambling and has a strong personal discipline, I bet the guy will stop before his bankroll is depleted and in the contrary, those who have no self-discipine will keep on playing until he runs out of money.

self-discipline indeed plays a big role on how a gambler will form his habits towards this activity. i can agree that no matter how big your bankroll is, if you have no control of yourself, you will always end up broke. but if you have small bankroll but you know your limits, then you can even go home with some winnings.
if you think you are starting to go deep and out of control, give yourself a lil break and contemplate on your life. what you wanted to do and if it is what you wanted to do. sometimes you only need self-reflection to wake up from the reality and change course for the better.

Discipline is a very good thing in every facet of life, but in addition, you should have a good plan when you are disciplined in gambling. It entails a foolproof approach that would sustain you for so long. But at times, it's easier said than done as emotion is a spirit and it lives in everyone, if care is not taken, emotion will overcome the discipline and the results would be catastrophic. This is why I would like to include the right budget in this discussion, it might be a daily, weekly or yearly budget.

This is a way to calculatively plan, which could also help our weakness by not letting emotion overcome us. After all, you might have known the maximum daily amount to bet, so it will not affect you when you lose and immediately abstain from betting till the next day.

I think that we, as responsible people , have to have a broad Scheme of responsibility, among which we have money , if we have good money Management, what we do is be able to have total Control over what we spend in the casino , and that Allows us to be able to enjoy the game in all its Splendor , and not risk any other type of Money for our Expenses.

I have to highlight that it took me a lot to reach that level of game Maturity, it was somewhat difficult, but I was finally able to do it , I think that if I did it , anyone in the world can do it , it's taking the fun out of everything , and not Leaving out our Commitments.

Helena Yu

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Quote from: leonair on June 07, 2023, 09:07:40 AM

Both gambling and investing in bitcoins are risky but the difference is that if you lose gambling your funds will be gone immediately and your balance will be zero. But if you invest in Bitcoin, even if the price of Bitcoin goes down, you can hold it for a long time and at some point it will recover your losses and give you a profit. So investing in Bitcoin and gambling are not the same. Investing in bitcoins will save you some money but gambling and losing will not save your money in any way. So if you can stay away from gambling it will be great for you but you can continue to invest in Bitcoin but in this case you must be patient and hold Bitcoin for long time.

Yeah, as long as you still hold and not sell your Bitcoin during dump season, you're not lose, but it's still an unrealized lose.

The @OP is promoting gambling site, it's hilarious if he need to stay away from gambling because he need to gamble, exploring and know about it as his campaign need to post in gambling section. If @OP want to stay away from gambling, he need to avoid anything related with gambling in the first place. But it doesn't mean gambling is bad, gambling is good if you have a good self control and money management.

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Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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 think gambling and investing are two different things. If you invest there is no chance of losing all your money. But if you gamble and lose you will lose all your money. And if you invest you will have very little profit. .Gambling will give you more money than your investment if you win. So I think there is a big difference between investing and gambling.

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Quote from: tusandii on June 04, 2023, 11:58:26 PM

...//::::
... , but what is clear is that spending money from gambling wins will be easier compared to money earned by working or doing business.

That is right, as you mentioned, but today and given all the information that exists, if you are organized you can obtain a positive balance, from penny to penny for low bankrolls of $1 to $1 for others...

It all depends on the type of people and where they bet, but the winnings do not necessarily have to go "like water between your hands".

Sometimes the success of betting and making a profit is not based on the result itself but on your attitude to when you win, you lose...spending.

leonair

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Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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.

Both gambling and investing in bitcoins are risky but the difference is that if you lose gambling your funds will be gone immediately and your balance will be zero. But if you invest in Bitcoin, even if the price of Bitcoin goes down, you can hold it for a long time and at some point it will recover your losses and give you a profit. So investing in Bitcoin and gambling are not the same. Investing in bitcoins will save you some money but gambling and losing will not save your money in any way. So if you can stay away from gambling it will be great for you but you can continue to invest in Bitcoin but in this case you must be patient and hold Bitcoin for long time.

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Quote from: Maslate on May 22, 2023, 02:05:04 PM

Quote from: LUCKMCFLY on May 21, 2023, 11:14:43 PM

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Quote from: Crypt0Gore on April 25, 2023, 06:30:54 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.

Whatever thing you overdo is bad and could lead you to addiction, let alone when it comes to gambling or trading, we really need to do it with deciplined mind, if we really want to be profitable. One should have rules, state or put down those rules and how to follow it, which should involve the total number of games one should play in a day/week , number of loses which you would have and consider taking a break in order to avoid excessive betting.

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.

It is very difficult to make a player who has a lot of money understand that he should stop, because honestly if he has a Backup for his other needs it is very Difficult, what is Really Difficult is to play with money that should not be lost, because if If you lose, other things can get out of balance, and the responsibility you have becomes pressure, for that reason it is always Healthier to play in a casino with little money, but that little money is willing to lose and that criteria will be respected later not to put more money and risk the one that has already been committed before,because that is where the addiction begins.

Yes, I definitely agree. When playing gambling activities, we should just take enough with us so that we can stop our activities immediately if our capital runs out and in that way, we can avoid from spending too much especially if we're already in a lose streak and we have that certain feeling where we feel an urge to get those money back when in-fact that is surely an almost impossible thing to do because all gambling activities are designed to make the house in the advantageous side. Thus, overspending will likely get us into an unwanted situation that we surely don't want to be in.

I have tried a lot of bets that are very little money, and I really like it, it is also a very nice technique in slots, because that way you can have a touch of luck and win more than you should, and those are the beautiful things about casinos, that's why casinos should be seen as a way of entertainment and not as a way to get money or worse still, see it as a job, because that's the worst decision you can make, and I have friends who have made that, and it hasn't gone very well for them, in fact they don't even play in a casino anymore, most of them have gone to work in the USA and not Exactly in a casino.

Pierre 2

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Quote from: Shinpako09 on June 04, 2023, 05:07:40 AM

Investing and gambling are two different things but they have one similarity which is both are risking money. Investment has a better chance of gaining profit compared to gambling which is known for losing your funds most of the time. It's just funny because we are already in this era but still some people seem clueless when in fact a few taps on your phone and you can get almost all the information you wanted. Are your friends living under a rock? Or are you just making up a story? Just asking.

Obviously gambling and investment are different things. Luck is one of the differences between these two things, gambling is something full of luck, while investment is something that requires knowledge and skills, indeed sometimes luck is also needed, but not dominant than what is needed in gambling.
Many things to know in investment, and to understand it will take a long time. But I do not deny that many lay people think this is the same, like my experience, for example, when I first knew and did investment, many of the people I knew thought I did gambling under the pretext of investment, but after I explained to them as detailed as possible , finally they can understand. And you are right, the reason why they consider gambling and investment is the same thing because there is money that I put as the initial capital, and I can only smile when I hear that.

Yes I believe in that but for me there's only a thin line between them. Both needed to take a risks and I think trading is more riskier because trading depends on market which is very volatile while in gambling you can stop anytime you want because you are the one who operates your bet, but all in all both needed a discipline because you can go broke or you can be rich instantly in any of these.

I follow your last statement, discipline is very important on both sides, knowing your limitations and having the right set of expectations and proper executions, you may get some edge either in gambling or in trading, though if you don't have that discipline and you allow your emotions for sure the outcome will never go to your directions but most of the time it will turn against you.

I think difference of buying and selling at trading is completely better than gambling. There will always be one price which is called market price. You can directly calculate your profits and costs. In gambling its very hard to calculate house edge. You can only review your own data to see when to stop. So in summary I definitely support you as well. Discipline is the most important thing in both gambling and trading. You should know where to stop like always. Most gamblers I observe don't know when to stop. They most likely melt their profits away.

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Quote from: Crypt0Gore on April 25, 2023, 06:30:54 AM

If you feel that you cannot be free from the harmful effects of gambling then there is no need for you to indulge in gambling. Moreover, if you have entered the student life i.e. if you have not completed your education, I think it is better to stay free from the bad habit of gambling. Also, if your family does not support you then there is no need to indulge in gambling.

Topic: I am only trying to stay safe by gambling less - page 9. (Read 3074 times)