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Burning mechanism or utility of a token is good for the tokenomics of a project. As we all know and as cited by other users, it is meant to lessen the supply amd for demand to increase. However, not because a platform has a burning mechanism, success will be guaranteed already. A burning mechanism would work well if there would be a continuous demand with a particular token. I saw this with one of the famous play to earn game last year. They managed to create a burning mech for that game but it seemed to be too late to still gather the interest of their players therefore timing is crutial for the team behind a project. Eveything's too much wouldn't result to a good one and if things won't be managedbeveryrike jansss
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It looks like the BTC adoption is starting to increase here in my home city apart from my sister's restobar and other small food establishments. A clothing apparel store is accepting BTC payments for buying their stuff via Coinpayments.   Image credits to official Louise & Louise Facebook pageI can see that by continuing education and awareness about Bitcoin and crypto in local cities like mine, adoption is more likely to happen no matter how long will it take. Slow progress is better than none at all. Definitely a good thing to see despite of the issues present in this industry. Glad to know that there are still businesses who are considering the adoption of this technology regarding mode of payment. But to those who are still not into consideration, it is just fine. Not all people could take the risk of doing so 'coz they believe that the risk would also doubled afterwards. We saw nany stories having the same content but unfortunately not all businesses can manage to do that. Many have shown the same category but eventually ended up with a huge loss. The market price is volatile it imposes additional risk which pushes small businesses to cut their losses and to just continue witj the normal set up |
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It will be great if we have a troll account that calls out some of this ridiculous stories about how their neighbors asked this or that about Bitcoin. Even greater if they can do it in a very witty way.
Sad to say but stories of such are spreading and becoming more. Well, there's nothing really wrong with it but ofcourse it would be better if they'd show proofs in line with the story they are telling which would make it more reliable. Purpose? Anyone could create a good story but not all could create a meaningful one not only something filled with bias. Such thing creates unrealistic impression towards this industry. They are indeed knowing its benefit but it should not be benefit alone. Many people are still getting up of their assumptions because of what they have heard or learned. Ofcourse if things would continue developing in this technology, then that would be the best. But forcing it out will not do us any good. |
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Totally agreed with all the reasons above except the lack of transparency cause when it comes to cryptocurrency there is generally lack of transparency even with its big and most popular projects don't think that is a valid point to label a project as a scam. Most people fail into scam because of promises too-good-to-be-true returns on investment cause many want to get rich real quick and they end up been scammed of their hard earned money. People should just be very careful and make good research before investing into any crypto-Projects that just it.
You'd only know a project is fraud or scam once they have shown their motives. Therefore, no such thing as transparency would be there to help us out on determining which is 'which'. Labelling a project as scam would be only an acuse unless things are proven and that is also the point wherein that project will no longer mind the label. Just unfortunate. I would rather look first if the project was backed by reputable VCs (venture capitalists) like Binance Labs, Pantera Capital, etc.
Regardless if that project has a nice looking website, Twitter (X) blue account with many followers and engagements, etc., as long there are no venture capitalists claimed to back then, I won’t be investing or engaging on that.
Unverified smart contracts are also a sign of red flag like the latest allegation against Trait Sniper. Many people are going FOMO mode into that airdrop but with many red flags such as their Discord verification pointing towards a phishing site, wallet drainer, etc.
Many factors that we can consider if the project is scam aside from the few points made by the OP.
But unfortunately, most of the time investors never spend a few minutes reading the whole concept of the project and know who are the people behind it because what is in their mind is focusing on their false promise. If you can see earning xxx in a few days, many people got crazy with that offer not analyzing whether it was a scam or not. That is why we can stop these scammers and still see a number of investors become a victim. Sad to say but, it was too sorry for those who no ability to determine a scam project/s but I encourage them to try opening their eyes and analyze the project first before investing. Rule should be; if it is too good to be true then we should all be cautious on engaging into it. However people keeps on falling from such 'scheme' simply because of the belief that projects would often be a shortcut to success and huge profit. But as we all know, that's not true. There are ways to check for credibility but there's no way we could figure things out in a single glance of the project. |
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HIGH RISK-HIGH RETURN : example, the stock market invests in many big companies like Facebook, Cocacola, we buy the shares of these companies and they use that money in their business. If they make a profit there, the share price goes up and if they don't make a profit, the share price goes down. And this is how the stock market process works. Stork market business is High risk-High return profit business. In the stock market, you can become rich very quickly and you can become poor very quickly. If you have proper knowledge about stock market then you can invest this stock market money.
The next place to invest is Mutual fund. Mutual fund is the best place for those who do not understand the share market very well. Mutual Fund does exactly the same thing as you buy shares with personal money and mutual fund does what we who put money in mutual fund do. They do market analysis with that money and buy those shares, that means they also invest money in different companies. That means even if you keep money in mutual funds, you will get returns because there are many experts controlled by them. But in various countries, especially in low quality countries, a kind of fraud circle takes money from many people in the name of mutual funds and disappears at some point. If you can keep money in reliable mutual funds then your returns will come.
Now it comes to fixed deposit, real estate, stock market, mutual fund, gold investment, any subject we can proceed with the investment target.
An additional threat to consider is a market crash. High-risk businesses are frequently linked to the overall health of the economy, and if the economy worsens, the value of your investments may plummet. is the risk of fraud, which is all too typical in high-risk businesses. Before investing, always perform due diligence and examine the company, its management, and its financials. It's crucial to keep in mind that high-risk industries are frequently more vulnerable to regulatory changes and political dangers. A change in government rules, for example, might significantly alter the playing field for a sector and impact the value of your investment. Despite the hazards, high-risk businesses can yield significant rewards to investors. someone can properly navigate them. Understanding the risks and diversifying your portfolio are the keys to success. Diversification is essential since it spreads risk and reduces the impact of any single investment. Points concerning diversification and risk involved with the economic state of a country is indeed true. But that's just how businesses work. If you would engage into it without doing any research and development procedures then you are simply seeting your money into the fire. Problem is how people nowadays are eager to call themselves CEO. Running a business isn't that easy and we should expect a roller coaster ride along the way. Also things won't run consistently 'coz there are variable which are not under our control the moment we started a business. And as an owner of it you should be ready and futuristic enough to face such circumstances. |
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Only for people who understand its advantages and benefits as a digital currency and as a volatile asset. It is easy to know what Bitcoin is but it would take not a single day or week to fully understand it. If Bitcoin and this technology will be exposed to wrong set of people or individuals who are more in doubt and suspiscious of this technology, we cannot expect for a better future in this industry. All things to spread naturally. We should not force other people towards this industry and rather wait for them to have the initiative to engage and let their curiousity be fed by information. They'd be biased of its downsides more than the pros of this technology or blockchain which will just yield to dissatisfaction afterwards with the outcome.
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I honestly think that its market value won't be able to recover after that. It would be a huge price gap if ever such thing would happen and no demand would be expected on such instance 'coz more likely, they would be worried investing into an asset which has no global utility, and a price which fell that much. If it is general possibility then yes, there is that slightest chance. Bitcoin is only popular at the present simply because of what it have established ever since it became available to the public.Having a huge downfall in its market value means a destroyed image as well which makes it not surprising if ever investors would be avoidant to Bitcoin after that crash.
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XRP I guess.
We saw how huge the 'wave' was recently when the news regarding the lawsuit have spread in an instant which I think is a good sign gigen that many investors are looking up into it. Just wait until it totally win the lawsuit and for sure its market price would be multiplied. Also its market price is not falling too deep. The problem only is its market price often follow Bitcoin's unlike with other altcoins which are having their own market price movement. Also, it is an established token in this industry which makes it safe from rugpulls, or sudden price dump so atleast it would be less risky. But if it is overall choice then that would be Ethereum and Bitcoin especially for long term holding or investment.
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It depends I guess. Buyjng an existing business has a risk 'coz it won't be sold in the first place if it is really that profitable unless it is a franchise. But if for other reason such as migration, and you can see the potential on that existing business then you'd be able to save money from it than starting one. Starting from the scratch is not an easy thing to do simply because everything wpuld be raw from expenses to popularity. Popularity is the hardest part to establish when starting a business 'coz trust is not easily being earned. However, going back with buying an existing one, you may be caught on its downtimes if you happened to buy it and not be able to create improvements. So yes, it does depend on the circumstances when starting a business.
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Many people lack basic knowledge of bitcoins.
I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?
But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.
Good thing that you have given him another perspectice but at the end of the day, the decision is for him to make whether he would collect what was left for him or not. He has his own reasons to do so. But indeed lack of knowledge into something is a factor why many people are still away from this technology. The only thing we could do is to wait for government sectors and big names of different industries to also acknowledge the existence of this technology. For sure we are still on a long way befote majority of people consider using this blockchain as an alternative to fiat but atleast we are seeing progress at this moment. As we embrace technological advancements no doubts that things would be better for this industry. |
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Even with $600000, the fear of going broke again will still never leave my side because yes $600000 is a big amount of money at the same time you are still not far from going broke because people like living the extravagant life just to make other people be aware that they are now successful.
Instead of doing that why not invest almost 70 to 80% of that money back into bitcoin or something else because with $600000 it is easier to become a millionaire in dollar after few years later you can turn that $600000 into two million dollars if you know what you are doing just my own piece of advice.
$600,000 is an extravagant amount of money, but depending on where you live, it may not be enough to ensure your survival without any other sort of income, especially if you don't manage your money properly. Personally, I wouldn't change much in my lifestyle; I'd move into a slightly better house and possibly purchase a newer car, but that's about it. The rest would be invested in Bitcoin, as gaining $600,000 would be a once-in-a-lifetime opportunity, and such an amount of money isn't easy to come by naturally. With proper management, this amount of money could lead to great investments and multiply it for the next generation. Thus, It's easy to say that making money is far easier when you're wealthy. No money would be enough alone for an individual to make a living unless he/she would make use of it in order to prolong or make that amount bigger. Indeed it would depend on the lifetyle one is having on how long would such big amount for majority of people, would last. Spending more would obviously shorten its length. I have a friend of mine and she revealed that their family won a lottery, twice which is why they are rich today. But that's not solely with the amount they have won but the way they managed the prize and utilized it into multiple businesses such as loaning company and with food industry. Her family I think is one of the best example of managing winnings from gambling. |
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Other than taxes, it has not much of a benefit for a country or government. But for players it brings opportunity and entertainment. The only thing which makes it a bad thing has something to do with the opportunity that it gives to gamblers. Indeed it is a way to get rich in an instant but never expect things to be easy. Keep in mind that there are way more people losing than few who have won. Some people have died playing but did not manage to get a big win. This is the unfortunate fortune in gambling thus we should embrace the reality and take precautions for ourselves.
What is the benefits of gambling to your society?
Taxes for the government to sustain the economy's needs and entertainment for people who want to seek the thrill and the risk of betting on gambling, gambling is not for everybody but there are some sectors of society where there only means of getting entertainment is through gambling so the government legalizes gambling because the taxes these casinos are giving is good and they create jobs and create establishments around these casinos. In addition, if the government can legalize gambling or casinos, the public will benefit from gambling because it can create jobs. Because casinos require a large workforce to operate, such as dealers, managers, security, support staff, cashiers, cleaners and so on. And this can lead to increased employment in the area, which can have a positive impact on the local economy. and it will also be used as a place of business for the community around gambling to set up a place of business with various kinds of sales and so on, and if the community can benefit from gambling or casinos if it is legalized that is true. However, this must be managed properly and must prioritize the surrounding community, not benefit the outside community because it can become a problem. Job opporunity is indeed a benefit, I agree, given that gambling is also an industry where employees could work for and earn money to sustain their daily living. |
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Since this is regarding anonymity, there are still gambling platfprms which does not require KYC procedures as we all know. And technically anonymity is still there 'coz your information would be between you and the platform alone and still not with publicity. Because of KYC verification which is now done by most crypto casino to know the people who gamble on their casino, I think anonymity is no longer a benefit of gambling with cryptocurrency in crypto casino.
Leave the casinos requiring KYC for each of their users as privacy is no longer maintained. The reason we choose their casino to play on the consideration of the anonymity provided to each player will be anonymous. If KYC has been implemented, then they have pushed away every player who wants privacy to be maintained and the next option is to look for another crypto casino that does not enforce KYC even though later every crypto casino operating in the territory of a legal country will implement KYC for reasons of obtaining licenses and so on. Sort of. But we are free to move away as well if such thing does not fit for us. Some players are fine with it and I'm one of those gamblers. My reason? I'd rather comply with sharing some of my information to my trusted platform than to risk being scammed by other gambling sites who's compensation is to just not require KYC. I've been playing for years and fortunately, nothing bad happened with my identity. Also, it has benefits as well such as against money laundering and limitation for people under age 18 to access this industry. |
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Hey there, fellow adventurers! Who else is bouncing around with a spring in their step, thanks to a groovy move-to-earn app on their mobile? This is me! I jumped on the GazaGO platform, an M2E creation by Staika, to chase some serious moola knowing quite well that walking isn't my passion but hey, cash flow is king! This all started out with a simple notification about $STIK coming to Bitget by the 31st, I got interested and ended up signing up for GazaGO. Now I'm pounding the pavement, running errands like a champ and having a blast. Come on, let's hear it! Am I the only one on this wacky and wonderful adventure? 😆
You seem to be very excited about this one but you are not digging deep into the platform that you are supporting this is not the first nor the only one with this concept, and I regret investing in two of these projects with this kind of concept these are Superstep and Sweatcoin both projects are a big failure Sweatcoin is still in the market and doing good but I don't think they can sustain it, because concept based tokens are not for a long term, it's just a matter of time before they vanish in the market. They are just excited on the idea but they didn't consider the risk beneath on this project since there are possibilities that same with your other concept investment that project might also fall. Beside this kind of project is not new so best to take extra precaution before participating since the same with last NFT craze there's a chance that this kind of new trend will fail and to bad if we can see another scam victims will post about their investment failures due to bad decisions. Burning mechanism, unlimited supply, being too accessible. These characteristics have pulled down play to earn games last year. So if nothing will be changed from that core concept then expect for things to end with the same fate. I also hope there would be no rugpull before it end. And for those who are already in it, then maximize your day using it. It'll more likely be late for ones who are still not doing so. Efforts could be put into waste if such unfortunate thing will happen. As for now, it is profitable so people may still make ise of it as a faucet of rewards. There are nowadays different variations of such moving game problem is until when would it last. |
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Will never be advisable. It is like gambling with a borrowed money. Indeed Bitcoin investment is different from gambling but will profit come in an instant once you invested in Bitcoin? Will it be consistent in the first place? Bitcoin is profitable indeed but for long term investment 'coz anything could happen in a sudden, with regards to its market value and that could push you at edge if the money you have invested is not totally yours. Much better is to save or use only an amount you can disregard. In such way you'd be worry-free no matter what direction the market price go. It'll only be a partial loss if you'd choose to hold for a long time. And that is something you won't be able to do if the money you have used is not yours 'coz you'd be needing to pay it on a specific timeframe.
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Hey y'all...Seriously, I've been having this running through my mind.. maybe it's been discussed but this is on a diverse objective.
Why is it that we tend to have alot of men inclined and addicted to gambling than women? Is there any mystery guiding that?
I mean, You ain't gonna telme that everyone isn't roofed by this economic crises - both gender to speak of - so what's so special about men gambling?? Alot of cases has been reported several times too - and y'all end up realizing that MEN are usually involved in very many critical cases... What's that validating? That men are really taking the whole thing personal??
Sandra 🧑🦰
Well it is not really a guy thing to gamble. It just happened that more men are engaging to gambling than women. I've read one article entitled "Examining Gender Differences for Gambling Engagement and Gambling Problems Among Emerging Adults" which is a study of G. Wong and her Colleagues, year 2013. According to that study; findings have revealed that men are having higher level of risk-taking and lower level of impulsive coping than women which creates tendencies of engaging into gambling activities. Men are also having higher social anxiety than women which is why men are having higher chances to be problematic with gambling. But I do think that it is still driven by initiative. For me, men are just straight forward and are just embracing the risk because it is a bit of a shortcut to something better. While women are just less into risk taking and are more seeking efficiency than with men. |
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Even with ad blocking, it is very difficult to stop online gambling addiction. Gambling addiction goes to such a stage that the person is not in control of himself. In order to protect yourself from addiction, you must learn to control yourself and nothing else will work. Although gambling through casinos is in vogue, in the era of smartphone availability, mobile gambling has become a trend which is becoming more and more serious. For this, it is best to be busy with other activities during the times that you used to gamble. Practice being busy. Do work that makes you happy. Walk with two good people in your eyes. Follow the advice of elders, you can easily prevent addiction.
It is called addiction for a reason. It is not obly a feeling of 'hunger' to a specific activity but also something which wouldn't allow you to function on a regular basis without it. Indeed adblocker won't help simply because it could be easily put back once the drive win over prohibition. An addicted gambler would do anything to just play. Best way is thru rehabilitation or seeking for professional help in order to address problems properly. Will won't be alone to overcome addiction there should be a process to walk through it little by little and that is where professionals would matter most. There are indeed few people who managed to go out of that drive but for sure more people struggled doing it alone. |
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You don't really need to understand the math behind crash in order to realise whatever you stated because it's just another gambling game that makes sure that the house always wins in the long-term thanks to the house edge factor.
Some gamblers keep thinking that they found winning strategies just because they won in the short-term which is silly and dumb since those strategies will never work in the long-term.
Good share op though some people might not understand due to weak math skills.
First of all, a gambling site or provider won't allow such patterns to be easily known and discovered by players 'coz it will yield to loss on their end. Indeed it is just a luck-based game just like others so I don't things pattern would really work on this game. Also if it does, eventually the provider would make an action to stop it 'coz' it will result to loss on their end. Algorithm would work in gambling industry but problem is accessibility in such pattern and avoiding further problems. House will indeed win most of the time. They simply have the money to change the thing which causes th negative outcome. If it works for you then that's good. |
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I agree with you that poker needs skill to be able to win. However, the factor that in my opinion also accounts for 50% to help you win is luck, you are lucky to have better and stronger cards than your opponent's cards, your chances of winning will be higher. If you have a good skill and good luck, that's great.
That's obvious. Without skill, you will only experience defeat. Perhaps, luck still plays a role in winning the game of poker, but we also have to have skills in playing poker, including how we can bully opposing players. I've seen someone play poker convincingly even though, after one round, it turned out that the cards weren't that good. I also don't understand where it's not good because I don't really understand the poker game. Perhaps, that person can bully other players by convincing them that he has very good cards. You may call it bullying, but it's really just a standard move in the poker dance. The two who have commented before you are clueless. Luck is only important in poker in the short term. maydna even seems to have invented a neologism, as I don't recall ever hearing that term, bullying, applied to poker. The situation he describes we call bluffing, not bullying. And bluffing can go wrong, you can get caught. Would I still call it bullying then? I don't think so. Well in some casinos, they really call it bullying bit indeed with gambling context it should be bluffing. Maybe it is because of the act with slight of intimidation towards the opponents. However this only works with amateur players. Have tried this once with a 'veteran' and it just became funny doing 'coz it had no effect to him. It is still an effective strategy especially if you're at the edge for having a not so good set of cards on your end. Its efficiency I think depends on the doer whether he/she would execute it properly without revealing that it is actually bluffing. Doomed if you face against people who counts and notes cards. |
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Here I found a list of Top 10 Casino Slot Streamers which includes Corinna Kopf ,Tyler Faraz Niknamm, Flávio Fernandes and many others. Do you guys follow the casino streamers and are they fun to watch? Or do you think that playing casino slots yourself is more fun? While these streamers may earn a good amount of money through streaming, they sometimes may become inspirational to the gamblers which may lead the normal gamblers to gamble more or become addicted too in some cases. Didn't know the names that were mentioned. Is that site sure that they are among the top? Or maybe it was only biased and being paid to promote those people? I think the real top streamers are Juicy Fruity, Kevin and the other one which I forgot so far but I will comeback here and edit my post once I remember him. I wouldn't follow these streamer if they are not fun to watch. Another reason why I follow them is that they doing some giveaway. They are giving generous rewards that can hardly be seen anywhere. It does not mean that I don't play with my own. Of course I still do and obviously, it is more fun playing the game your self than just watching it else where. That's right, they can influence the people to gamble and that is why they are being banned on many platforms but it's only up to the person if he will take gambling seriously that it can lead for them to become addicted. It's not the fault of the streamer anymore. Yes, it would be better if the basis would also be included on that article. It could be on a survey to small sample only and not representative sample 'coz I too, is not familiar of the names mentioned. Big names on streaming industry, in particular with gambling, are streamers who are trying new platforms and not being biased of it such as with Juicy Fruity. Streamers who are putting gambling in their content are not all encouraging people to engage on that platform. Some are just trying new sites and give honest feedbacks for those who are having the same interest on those things. Some are indeed giving tokens and rewards which is a plus piont on watching them. Some are paid to promote and they're ones who won't care foe the players they drag afterwards. |
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