Tag Archives: gambling

UPDATED NEW QUOTE BY ULDIS SPROGIS 1329!!!

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UPDATED NEW QUOTE BY ULDIS SPROGIS 1003!!!

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If you liked this evergreen truth blog then read more of them, about 4000 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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10 VERY DESTRUCTIVE HUMAN BEHAVIORS!!!

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Very destructive human behaviors are lying, stealing, cheating, violence, bullying, gossiping, gambling, bad habits, stressing, etc.. Here is a link to livescience.com which explains 10 of the worst bad behaviors.

http://www.livescience.com/14152-destructive-human-behaviors-bad-habits.html

If you liked this evergreen truth blog then read more of them, about 3400 so far, or read one or more of my evergreen truth books, especially EVERGREEN TRUTH, rays of truth in a human world filled with myths and deceptions.

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THE TRUTH ABOUT RISK

Risk Mgmt

Risk: v. to try to achieve a goal(s) with an approximated probability but not certainty

Living life is a risky proposition. You can be involved in an accident, can ruin a relationship with bad behavior, and lose a relatively secure job due to technological advancement. Most prefer security and take few risks but there are humans who thrive on risk taking and gamble with their personal lives doing things which would make other humans wince with disbelief.

Some professional sports are risky with a high probability of injury as are new business ventures but thanks to the risk takers progress is made in society which much prefers the status quo approach to life or the don’t rock the boat philosophy.

There is stupid risk taking such as gambling with the odds against you in the long duration and extreme sports such as rock climbing without a rope for security. Many are addicted to an adrenaline rush which comes with risky physical behavior but in most cases there are safety backups which minimize the probability of physical injury to acceptable levels.

Some are so afraid of social disapproval that they don’t readily risk interacting socially with other humans. Some are stuck in unrewarding emotionally devastating jobs yet don’t want to risk changing jobs for fear that they will become unemployed in the near future.

Fear is what keeps us from taking calculated worthwhile risks in life and sometimes it is based on a history of failure at attempting too many risks which didn’t work out to our benefit.

A good principle to follow is take more risks  with potentially good rewards in young adulthood and middle age and take fewer risks, especially financial ones, in old age.

If you are getting bored with life then take a risk and try something new. Learn a new skill, acquire new knowledge, or do something different by tasting a new healthy food, listening to old popular music before your birth, shopping in a new store, or communicating with a new friend.

Most humans are trapped in their bad habits or old habits and never risk venturing forward and trying to find something new to do in their lives. Sometimes doing something new can keep life interesting even into old age when most humans erroneously think that they know it all.

 

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THE TRUTH ABOUT GAMBLING

gambling-addiction

Gamble: v. to take chances where the objective is getting to a goal which usually has much less than a 50% probability of existing and frequently a profit is hoped for

Here is an excerpt from Livescience which warns that gambling can easily destroy your life.

Gambling, too, seems to be in our genes and hard-wired into our brains, which might explain why such a potentially ruinous behavior is so common.

Even monkeys gamble. A study that measured monkeys’ desire to gamble for juice rewards found that even as potential rewards diminished, the primates acted irrationally and gambled for the chance to get a wee bit more.

A study published in the journal Neuron last year found that almost winning activates win-related circuitry within the brain and enhances the motivation to gamble. “Gamblers often interpret near-misses as special events, which encourage them to continue to gamble,” said Luke Clark of the University of Cambridge. “Our findings show that the brain responds to near-misses as if a win has been delivered, even though the result is technically a loss.”

Other studies have also shown that losing causes gamblers to get carried away. When people plan in advance how much to gamble, they’re coldly rational, a study last year found. But if they lose, rationality goes out the window, and they change the game plan and bet even more.

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THE BITCOIN SCAM!!!!!!

bitcoin-chart

Bitcoin money is speculative virtual or traditional “paper” money with no collateral or backup real wealth if the currency collapses. If the controllers of bitcoin decide to take down the fake monetary system on a whim or reduce its value via a secret computer algorithm you will become impoverished with less or no value or money for what you have invested. A bitcoin crash to zero is a realistic probability if those controlling the monetary system decide to steal it all from you.

The basic idea of bitcoin is a worldwide currency which is an ultimate ideal currency but any worldwide currency should be tied to tangible assets such as commodity mines, real estate, and solvent businesses manufacturing real products and/or services. The currency should not be a speculative currency which is inflated by a computer algorithm and based on no real tangible value or matter and/or energy.

Governments like the United States and China are counterfeiting currency or printing money without tying it logically to the growth of tangible assets in the GNP and inflating the money supply causing worldwide prices to go up and concentrating the wealth into fewer and fewer hands and impoverishing many in the middle class who are in great debt and paying exorbitant interest rates. There is a great danger that in the not so distant future we will once again have feudal like lords or the elite at the top and billions of serfs living at subsistence levels or working for subsistence wages without hope of advancement.

CONCLUSION

The world will eventually need a worldwide currency to avoid wars between nations but a just one which is tied to reality and a currency which is not a speculative crap shoot which can implode at any time. What is realistically needed is a currency which maintains its value or purchasing power without inflation on into the foreseeable future of the world. The bitcoin scam is definitely NOT that JUST worldwide currency for all its inhabitants.

In fact bitcoin is now being used to hide illegally made money and to transfer wealth across international borders without paying a tax.

You can see by the chart that there is a bitcoin bubble or an irrational increase in value and when it bursts the shit will hit the fan!!!!!!

 

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THE STOCK MARKET IS FOR GAMBLING FOOLS AND NOT SERIOUS INVESTORS

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Anyone who has seriously studied the stock market sooner or later comes to the conclusion that fast computers, big money hedge funds, big money institutions, inside traders, and big money billionaires are manipulating the market and the stock prices are no longer tied in a logical way to fundamentals or fixed assets.

The stock market has become an irrational short term volatile crap shoot where day traders are the only private suckers still trying to outfox the system which is rigged against them.

Another fundamental reason you can’t make money is that there are very few speedy growth companies making an excellent profit with prospects of large increased size in the near future. Those are the young companies preferred by speculators. Those companies which do show outstanding growth reach a certain size and then are bought by bigger companies who don’t want the successful competition to continue.

Most companies have reached an optimum size with minimal growth and are not considered high flyers nor a good short duration or long duration investment.

If you are the rare human who has money left over to invest you are stupid to invest in the stock market for the long duration. Invest in real estate or put your money in a savings account and you will have much more of it left 5 or 10 years into the future.

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