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View Badger11's Profile Badger11 Flag Beckenham 18 Jun 22 12.25pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Stirlingsays

Gambling shouldn't be promoted?

That's more socially conservative than I thought you were Badger.

Actually your are correct. I think it is wrong that gambling adverts are on before the 9pm watershed and sport should not be linked to it.

The older I get the more conservative I become and yes I do gamble so maybe that makes me a hypocrite, however too lives are damaged by irresponsible firms.

 


One more point

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View Stirlingsays's Profile Stirlingsays Flag 18 Jun 22 12.35pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by Badger11

Actually your are correct. I think it is wrong that gambling adverts are on before the 9pm watershed and sport should not be linked to it.

The older I get the more conservative I become and yes I do gamble so maybe that makes me a hypocrite, however too lives are damaged by irresponsible firms.

You are probably right.

Hard balance to strike between the freedom to invest and the fact that the financial sector has so many sharks in it.

I think the advice to never invest what you can't afford to lose is a good one but we all know that the temptation is always there and humans naturally tend to the optimistic.

Most gambling loses are by set up, a design....insider information being the illegal, unethical but successful key.

Yep, I could go with your suggestion....some reduction in gambling would reduce a fair amount of misery in the world.

I don't think it's an accident that Blair was the 'dark lord' who green lit gambling to its current huge status.....though to be fair I think crypto has genuine libertarian origins that since have become twisted by darker interests.

Edited by Stirlingsays (18 Jun 2022 9.16pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View SW19 CPFC's Profile SW19 CPFC Flag Addiscombe West 18 Jun 22 3.20pm Send a Private Message to SW19 CPFC Add SW19 CPFC as a friend

Originally posted by Stirlingsays

Gambling shouldn't be promoted?

That's more socially conservative than I thought you were Badger.

I don't think it's harsh at all. If people want to disregard logic and reason to follow some hack advice on Youtube then it's on them for being so naive.

And a reminder – I say all this as someone that holds various types of fools gold. Difference is I know a substantial amount of the detail and the dross surrounding this nonsense.

Also, it is very different from gambling. Gambling is regulated.

 


said the rabid giraffe whilst brandishing his throbbing member of reason, and twas ever thus.

Did you know? 95% of people are morons.

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View SW19 CPFC's Profile SW19 CPFC Flag Addiscombe West 18 Jun 22 3.26pm Send a Private Message to SW19 CPFC Add SW19 CPFC as a friend

Originally posted by Stirlingsays

This is very harsh.

A lot of people have made good money from crypto.

It's very easy to criticise people but this is their money not yours and if they want to gamble with their money what's the beef?

Also – I'd contest 'a lot'. I suppose it depends on your definition of 'good money' but assuming 'life changing' – A very small percentage of people have done this.

As always with a bigger fools enterprise, the earlier you got in, the better. Latecomers face massive risks and significant losses.

The other thing I hear is 'oh it's fine, it's the same as the stock market' – it's really not, for so many reasons. Although there perhaps is some truth in it considering the party line of 'it's the new gold' has been shown to be (unsurprisingly) complete nonsense as value is falling in step with the stock market.

At one time I felt that crypto 'currencies' were utter bollocks and the blockchain was where the real value lies... I'm now more learned – blockchain is useful but only in very specific edge use cases.

And don't get me started on NFTs

Plus... The beef is the majority of people investing in this hokum are massively naive and have no idea what they're getting into, being preyed upon by early adopters whose only interest is to get as many people buying in to maintain or pump the price, all under the guise of a decentralised financial utopia. Remind you of anything from around 1998? I feel sorry for them but ultimately if you don't research what you're putting thousands into on a whim, you deserve what you get.

Edited by SW19 CPFC (18 Jun 2022 3.26pm)

Edited by SW19 CPFC (18 Jun 2022 3.29pm)

 


said the rabid giraffe whilst brandishing his throbbing member of reason, and twas ever thus.

Did you know? 95% of people are morons.

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View Stirlingsays's Profile Stirlingsays Flag 18 Jun 22 3.41pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by SW19 CPFC

Also – I'd contest 'a lot'. I suppose it depends on your definition of 'good money' but assuming 'life changing' – A very small percentage of people have done this.

As always with a bigger fools enterprise, the earlier you got in, the better. Latecomers face massive risks and significant losses.

The other thing I hear is 'oh it's fine, it's the same as the stock market' – it's really not, for so many reasons. Although there perhaps is some truth in it considering the party line of 'it's the new gold' has been shown to be (unsurprisingly) complete nonsense as value is falling in step with the stock market.

At one time I felt that crypto 'currencies' were utter bollocks and the blockchain was where the real value lies... I'm now more learned – blockchain is useful but only in very specific edge use cases.

And don't get me started on NFTs

Plus... The beef is the majority of people investing in this hokum are massively naive and have no idea what they're getting into, being preyed upon by early adopters whose only interest is to get as many people buying in to maintain or pump the price, all under the guise of a decentralised financial utopia. Remind you of anything from around 1998? I feel sorry for them but ultimately if you don't research what you're putting thousands into on a whim, you deserve what you get.

Edited by SW19 CPFC (18 Jun 2022 3.26pm)

Edited by SW19 CPFC (18 Jun 2022 3.29pm)

Fair enough.....I'm just personally less judgmental in what decisions people make with their investments, though I'm certainly judgmental in other areas....so fair enough.

Personally I regard anything people can win or lose money on is a form of gambling....regulation doesn't stop people it just requires them to find other ways around.

I think as a store of value the technology has several advantages.....however, the system is manipulated precisely because its improvements are a danger to this busted flush of a system.

Edited by Stirlingsays (18 Jun 2022 3.46pm)

 


'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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View SW19 CPFC's Profile SW19 CPFC Flag Addiscombe West 10 Nov 22 3.46pm Send a Private Message to SW19 CPFC Add SW19 CPFC as a friend

[Link]

I see FTX has collapsed.

“The lack of regulatory oversight and the sector’s overall opacity facilitate risky financial strategies, exposing firms to an environment in which rumors of illiquidity can become self-fulfilling prophecies.”

Snake oil salesmen, the lot of them

 


said the rabid giraffe whilst brandishing his throbbing member of reason, and twas ever thus.

Did you know? 95% of people are morons.

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