I think that land-based casinos would hold their ground since it is within the scope of tourism.

Las Vegas is known as the gambling capital of the world. Not only does it attract users around the world, it also becomes part of tourism where people would visit such place in order to experience the gambling atmosphere that Las Vegas exclusively offers.

Though the popularity of online gambling has become prominent over the last years due to COVID, the socialization and experience that you get to feel when visiting land-based casinos cannot be imitated in an online setting.

Instead of thinking that online gambling would soon overturn land-based casinos, they can always exist mutually with each other. No one has to go as they can exist with side-by-side catering to different types of people who prefer gambling otherwise.

Here are some of the mistakes that I think a beginner could experience:

• Beginners often have high expectations in gambling to the point that they think that they can win every time they gamble;
• Overspending or going beyond the budget allocated for gambling;
• Beginners tend to chase their losses by betting again;
• They often go all out since they do not understand the nature of gambling; and
• Being overconfident.

There are still lots of factors that beginners make whenever they try to gamble but I submit that chasing your losses by gambling and overspending beyond your means are the biggest mistakes that they may experience. Gambling is a game of chance- meaning the result can always go either direction depending on your luck. Newbies lack experience so they tend to have high expectations of winning the jackpot, so, they tend to continuously gamble until they get what they have hoped for.

I think wala pa atang car dealers na tumatanggap ng BTC or kung meron man, most likely baka through personal message yung magiging communication given na madami pa rin dito sa ating bansa ang hindi aware sa existence ng cryptocurrencies.

If you want to purchase something siguro through BTC, I guess the best way pa rin dito is to contact mismo the seller and ask them if open sila tumanggap ng BTC as mode of payment sa kanilang goods.

Also if I am not mistaken, I think kapag may sale/transaction din na magaganap sa mga dealers, I think need mag reflect ng purchase price yung cash na binayad for tax purposes?! Not sure dito pero kung BTC yung gagamitin, not sure kung paano mag rereflect sa receipt ito pero alam ko pwede magawan ng paraan ito if ever.

This is what makes Satoshi mysterious- he always lefts clues behind to the point that there was a designated thread discussing his speech pattern and sentence construction.

In reality, no one truly knows who Satoshi is. Maybe he is a single person doing behind the work; or perhaps Satoshi is a pseudonym for a group of persons or organization, etc. At the end, I really doubt that we would be able to uncover his true identity- not that it matters anyway.

Let's all be thankful that Satoshi created this innovative technology that probably changed the lives of majority of the people who know and take advantage of its uses. It can either be a currency; or as a form of investment.

Nope but I do have a story to share that I experienced with my brother!

Around 4-5 years ago, my brother was an avid gambler. Since we grew up with a family struggling for any kind of financial support, my brother would do anything in order to have profit- he would start businesses by selling printed t-shirts and do tutorial on Math. Also, he would gamble during the night in order to try and attempt if he could bring more money with him.

When we were planning a trip with our mother (parents are divorced), a day before our scheduled trip, my brother went to the casino and invited me to gamble with him. He explicitly told me to STOP him if he won at least $20 in profit and call it a day. After some time, my brother already accumulated around $100 worth of profit and I kept on insisting on going home but he still continued despite all of the warnings that I did.

Long story short, my brother took a loss amounting to $600 that night in which that was the money he saved up from his monthly savings. During our entire trip, he was out of his mood and he was not able to enjoy the vacation that my mother planned for years.

Thank you for this clarification! I was very confused to see a betting agent in a land-based casino which seems improbable given that you can cash-out your money directly from the gambling establishment itself after winning.

Betting agents have seem to have a negative perception in the public due to the ongoing scams that had happened recently. I do agree- if you can bet to yourself, then avoid using a betting agent if you can do so. Sure they may be convenient to use but the risks are just too high associated with these betting agents.


I do agree with the points that you have raised.

Using a card still cannot guarantee absolute safety especially if you are dealing with betting agents. The best thing to do is to remain vigilant and ask/search in this forum for feedback regarding a betting agent or platform.

Like what I always say, prevention is 100% better than cure. Make sure that you before you commit your funds/money in a given gambling site, do research and ask for feedback for extra layer of security.

So there we have it! The result of the FIDE Candidates Chess Tournament 2024 has come to an end and we have Gukesh Dommaraju as our winner! He will now face Ding Liren for a chance to claim the WCC 2024 Title though the date for their match has not yet been decided.

What are your thoughts on the whole tournament? The game between Nepo and Fabi was very intense to watch given that the evaluation bar kept going out of control especially on the last few minutes of their match. Unfortunately, Fabi was not able to convert his advantage to a win which resulted to a draw game between them. Had Fabi won the match, then a tiebreaker would happen between him and Gukesh.

I guess lots of chess commentaries did not expect Gukesh to win this year's candidates as the persons favored to win this were Hikaru, Nepo, or Fabi. However, this is what makes chess amazing- you can really expect the unexpected!

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Image taken from: https://www.chess.com/news/view/2024-fide-candidates-tournament-round-14

If proven to be true, then he deserved it 101%.

The problem with game fixing is that it involves a substantial amount of money. If you have at least the slightest power to gain a small advantage on the bets, then it completely ruins the gambling experience and its very essence.

In this example, Jontay Porter betted against his own team and he also has the power to at least influence and control the pacing of the game during his possession with the ball. Additionally, he also has sensitive information about his own team that if he tries to leak their plays, techniques, and system, the other team will gain a significant advantage in which betters would bet on the opposing team.

While it may be unfortunate for him, this is a good start in combatting any type of game fixing that can be possible. Again to reiterate, if you have the power to at least gain a slight advantage over your bets, then that is truly unacceptable and the punishment is fitting for him.

There was an article that I read before that 97% of day traders lose their money on their first experience and the other 3% earns as much as a bank teller.

Though that may be the case, there are special exceptions to this rule. Remember that trading is all about experience. There are multiple factors in order to know the signs in which may give you an idea whether to invest in a certain cryptocurrency or not.

Going back to the discussion, trading is somehow a difficult job to be consistent with. There are others who found success in trading but there are lots of people who have experienced otherwise. At the end of the day, it really depends on how you view trading as a whole since saying that such is "not a lifetime job" invalidates the efforts of others who have made this their careers in their lives.


I only understood the last sentence you said- anyway, I do agree that a person may venture into other types of jobs whatever they want to. Generally, people trade cryptocurrencies and they view it as a sideline to their main job. While I do agree to a certain extent to what OP said, still, there is a handful of people who found success in trading and saying what OP said invalidates this fact.

If transaction fees are high, what are the alternatives that can be exercised to continue gambling using BTC?

I have read that using altcoins that are using lightning network may reduce tx fees but are there really alternatives to lower fees in BTC? It sucks to wait but I guess these are just some of the effects of the halving.

While majority is rejoicing for the 4th BTC halving, the negative effects of it are the high tx fees that only a few can afford. Imagine paying $50-$100 on a single transaction only to lose that money quickly in your gambling games. So can we also conclude that BTC halvings can have a negative effect on overall transactions (which necessarily includes gambling)?

As far as I know, there have been attempts on integrating this forum in a friendlier mobile application for ease of access into some services, which was discussed into this topic already:

https://bitcointalk.org/index.php?topic=5296215.0

Though I do agree that accessing the forum is easier in a desktop setup, I would love if some would develop it fully in a mobile application. Given that lots of people are using their mobile devices almost everywhere, having a designated application for this forum would not only be helpful but also convenient.


I think that is the point of this post- OP is asking if there are any applications or attempts on creating/developing a "friendly mobile" application to access this forum. While I do agree that this forum was created primarily to cater to PC or laptop users, there is always that demand for a creation in mobile applications.

This depends actually since friendly games are often competitive in nature even if without any money involved.

Remember, there are people who gamble not for profit but for the sake of entertainment and feeling that adrenaline rush on their bets. In the story that OP provided, friendly games are competitive in nature albeit you are against people who you know. Regardless of such nature, the natural instincts of some people would kick in prompting them to be competitive regardless of the people involved.

For example, Michael Jordan often held simple bets that involved huge risks and rewards at the same time. Even if you may consider his bets "friendly" among his teammates, the risks are still huge.

This is very surprising considering that the casino itself is located in Vegas, which is the gambling capital of the world. Even if it may not be as famous as the other gambling establishments, its geographical and physical location are worth it and profitable.

I guess that the shift to online gambling has taken a massive toll to most physical gambling establishments given that the traction that they gain is far lesser compared before the pandemic hit. But I also think that these gambling establishments must be ready for change- change in a way that they must implement other services in order to keep up with the changes happening in the world.

With all things considered, I still find it unfortunate that gambling establishments have been closing down. Recently, the Atlantic City Casino owned by Trump has shut down also. Even with the saying that the house always wins, that is not always the case.

Just a question, what are your thoughts on the BTC halving? When do we expect its explosive price increase in the market?

From my experience, the price of BTC suddenly increases during the halving but there have been speculations that JP Morgan is trying to tell everyone NOT to invest into BTC. Not sure on how this would affect its price but I am just happy that I got to experience the halving by actually preparing for it- bought $300 worth of fiat and converted it to BTC.

I submit that the price of BTC would reach an ATH perhaps 2-5 weeks from now. My only basis for this is its price history and the past halving on how it exploded on the market which prompted FOMOs to purchase BTCs.

This depends on the season and the type of gameplay of my favorite team.

For example, if the NBA team is just on regular season, then I would like to watch it either at my home or at the bar surrounded with my friends who also watch NBA. But if the season is the playoffs, then I would love to watch it also at my home AND at the bar discussing it with other basketball enthusiasts to see their reaction about the said game.

From my past experiences, I usually watch in public places during the playoffs as you can observe the reaction of each and every person during the whole game. You can see their moans or joyful outcries depending on the team that won!

As a social person, I would love to discuss the games with other people as well to know their thoughts and their opinions on how it went wrong/correct during the sequence of moves played by the teams.

Merits are like "reactions" to your post in which people may give to your given comment. These so-called reactions have an impact on your forum rank as the more reactions that you receive, the more likelihood that your forum rank would be upgraded. The only difference is that, there is a limited amount of reactions where a person may give, unlike in Facebook where you could like/react on every post that you get.

In this forum, these reactions are called merits in which people would give your thread/comment if they find it useful or helpful in some way. The more you have merits, you would be eligible to rank-up, like what theymos said in this THREAD:


Now, what does it mean if you have a higher rank in this forum? Well, there are signature campaigns that you may participate depending on your forum ranking and these campaigns pay you weekly in BTC. The higher your rank is, the higher the pay that you would receive at the end of every week.

Be reminded, however, that merits should not be your MAIN goal in this forum. Use it as an inspiration in creating several posts/replies and the by-product of your efforts would be receiving merits in the process.

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1 https://bitcointalk.org/index.php?topic=2818350.0

I think banks have their respective systems in order to prevent this financial global phenomenon from happening.

While there may be countries in which their financials have collapsed which resulted to a super massive inflation, hegemonic and first-world countries have policies in order to at least balance out inflation.

Just to add, I think there is a misconception about inflation. In fact, inflation is good but it must be controlled depending on the market of each country (e.g. Philippines must at least have 2-4% inflation rate).

Lastly, I do NOT think that fiat will collapse any time soon given that all countries use this as their medium of currency. Even if we are shifting to digital payments, fiat will still remain to be the main medium of exchange even in the far future.

1xBet has a negative reputation in this forum due to various reports from its users where it failed to reward their profit from their games.

Additionally, there were also some threads reporting 1xBet in declining to give them what is due. The failure of their customer support system to provide as to any kind of explanation on why it withheld their funds is just one of those things that destroyed its reputation.

Heck, 1xBet even created a signature campaign in this forum where it failed to pay its users. Also, they accept users, regardless of their trust history, to promote their campaign and majority of them were negatively tagged by our forum users for contributing to spam, etc.

Lastly, there has been a recent DISCUSSION where there were lots of similarities between 1xBit and 1xBet (e.g. they had the same customer service representatives, etc.) but they claimed to be unrelated at all.

With all things considered, I do think that people should avoid 1xBet for the time being until it clears its reputation in this forum.

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1 https://bitcointalk.org/index.php?topic=5412793.msg60905432#msg60905432

This is the problem with people who have a huge budget with gambling- they tend to be reckless with their expenditures to the point that it can blindly lead them to financial distraught if done excessively.

I find it somehow unfortunate that he seems to gamble during a special occasion, which is his daughter's birthday. I mean, he can gamble at any time that he wants but I just hope he could have chosen a different time to play.

Again, we have seen multiple posts on how gambling addiction can change a persons life in an instant and this is just one of the living proof on how it can slowly cripple away being rational. I just hope that Neymar's addiction be lessened as we do not want to see another life being wasted away due to excessive addiction from gambling.

From my experience, I do use GCash to convert my BTCs to PHP.

For example, nakalagay mismo sa coins.ph yung mga BTCs ko tapos cinoconvert ko siya into fiat, then I send it to my GCash account. Normally, I do this in small transactions para hindi masyado ma-flag yung account ko for any suspicious amounts that can be negatively tagged. Also, you can use p2p ng Binance if you have an account para direct na mismong sa GCash papasok yung pera mo.

Naalala ko lang: back in 2017-2018, may option dati na pwede mong i-withdraw yung BTC mo directly sa security bank and they will provide you a pin for you to input sa kanilang ATMs. Pero after a year, they discontinued yung operations nito kasi baka na-tag sila ng government about this.

Nakakamiss lang noon medyo bago pa ang lahat sa crypto kasi hindi pa sila ganun kahigpit with their regulations and restrictions, lalo na sa coins.ph.