@MickTurbo
No I haven't thought about any particular poster on here.
It is more aimed at facebook where its all kicking off, and twitter where people are getting banned.
I thought if we could get it working here it could be transferred there easily.
With all the talk of pump and dumpers (and people not understanding the difference, or not even realising they are doing it sometimes) I propose...
We all try, when talking about players, to use the following language:
I hold because
I sold because
I don't hold because
Starting sentences this way will have to results:
Thoughts?
I am averaging over £165 a month for 4 months now, roughly £41. That's on £1850 investment.
£100 a week easily done at the moment.
Won't always be like that.
@LukeMalla said in A price drop isn't inevitable but it IS essential.:
@MrWh1te said in A price drop isn't inevitable but it IS essential.:
Foregoing paying bills on-time or borrowing against Credit Cards simply for 10% is nothing but pure greed.
I don't think it is always greed and I don't think it is always a bad move. Sometimes it just makes sense.
Take me for instance. I am someone who HAS borrowed against a credit card.
But I am not paying more than I can afford, or foregoing bills.
What I have done is worked out that for the next year, to 18 months I am happy to bet £100 a month here and I can afford to lose it.
But I cant afford to put a lump sum on.
So after a LOT of calculations, I did decide to put on £1500 from a credit card and instead of putting in £100 a month, that money pays off the credit card. I then track the credit card fees/interest as part of my loss column. So I don't actually have an issue with that.
My concern is all the people who haven't thought it through.
At some point it will catch up with people (and it seems it is a lot of people) and then we could see big market crashes.
I have spent a long time on here, facebook, twitter etc reading about and thinking about gambling.
My concern is that gambling here is MORE dangerous than traditional gambling, not less as has been claimed by many.
First the less controversial, this is a gambling site and we are making bets. That much is clear.
People though don't see it as gambling and this is where it is a big problem.
I am seeing a LOT of comments about how people are spending beyond their means, whether it be wages, credit cards, loans, borrowing from friends and family.
Everyone is expecting a price drop after july 1st as people withdraw the money they have used to bet here. This is because people are gambling, as routine, money they cant afford.
The betting behaviours we see here, if people were doing the same on a traditional bookmakers, would be seen as a huge problem. Borrowing money, spending bill money etc to spend on the horses, massive no-no.
But here it is totally accepted. That is bad.
It is the bonuses with NO playthrough that are making this a lot worse.
To be truly sustainable, FI needs to get rid of the people playing beyond their means. If anyone HAS to withdraw July 1st, then they shouldn't have deposited in the first place.
Those players have to go. We will all take a hit in the short term but I have faith in FI as a product that it will more than compensate longterm.
In short, if the prices don't drop that indicates that people are still keeping in a lot of money that they can't afford to gamble and we will get a much bigger crash in the future when the bubble bursts.
@AndydfopT Yes, you would get honest assessments
It is something I have posted many times, especially in the early days for me.
Go for it, it will be useful for you I am sure.
@Ericali Do you see Icardi fitting in?
I ask because I hold as I think he has potential and would be dynamite in a team like united, MB wise, and again today he is being linked, but I am unsure of what will happen if a move doesn't happen (and the odds of players linked to united not being signed are high because they get linked with everyone)
A whale on twitter just bough 3000 shares for £20k, hence the price spike
