I work on the 80/20 principle, where I hoard 80% of the coins I buy and spending 20% of it on food and services. I convert a certain amount of my salary to Bitcoin and then I do the split. We all set aside a specific amount of our budget for "food" and entertainment.... so I just convert that to Bitcoin and use it at food stalls near my work to buy lunch. (A few of them accepts Bitcoin Lightning payments, so I am lucky)
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I think it is a little bit too early to hype the "Halving" .... because it is only scheduled to happen next year around April. Yes, the impact of the "Halving" can be seen about one or two months before the actual "Halving", because the markets reacts before the actual event... but it is still too far in the future. In any way... in my experience with the "Halving" ... I can honestly say that it has very little impact on the price. It will increase in the first two months before the event, when the media coverage highlight it.... and then it is gone.
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This is my experience : When I started with Bitcoin I was VERY enthusiastic and I could not wait to spread my new found information with anyone that I met. In hindsight I now know that it was the wrong thing to do, because some of those people had zero interest in the subject. So, over time I just planted the "seed" of interest and I stepped away. Then, usually around the time when the Bitcoin price increase significantly, interest in Bitcoin increase too.... and those people that I approached, will come to me for more advice.... because I am the supposed "Expert" on the subject. When there are a huge drop in the price, everyone calls it a Ponzi scheme and says it is going to collapse... then I just smile and walk away.
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I can honestly say that a lot of the content that were posted here, helped to refine some of my gambling strategies. I find value in posts where people make Sport predictions and I also improve my wager strategies to boost my VIP rankings. This information helped me to increase my VIP ranking and it also helped me to win more Sport bets. On the other hand... I enjoy the information that are shared about bonuses and also special events that are hosted on the casinos. I might have missed some of these bonuses and promotions, if it was not for the announcements that were posted here. I also dodged a couple of bullets, when people posted Phishing attempts to warn other users... so if I clicked on that, I might have lost my whole balance.
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You actually missed the time when there were "faucets" all over the Internet. Freebitco.in started out as a pure faucet to promote Bitcoin adoption and then advertisers decided that faucet traffic where not quality traffic and they stopped paying for it. Freebitco.in had to quickly pivot to another income source and they changed their business model to a "faucet/gambling" site... and that was how they survived and flourished. I find that a lot of beginners are starting out with "faucet" income, because they see it as free income... but it is actually a lot of effort for very little return. I will for example sell an old kettle or something that I am not using in my house and use that income to buy more Bitcoin, than what I would be gaining from claiming satoshis for a year.
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I find it interesting that governments in first world countries are pushing against "change" in the financial system... but third world countries like Brazil are embracing it. Look at the SEC targeting Binance in the USA.... and trying to take it down. The only reason why they are doing this, is the potential threat that it is posing to their control. Third world countries wants to break free from the hold that are being put on their economies by first world countries with their strong reserve currencies. (Let's rather say... manipulated Fiat currencies)
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Well, I will not say that it is a fear of not hodling... but rather a strategic decision to execute a financial goal that was set. I bought bitcoins and I calculated that I have to sell them at a specific time, when it hits my targeted price, so that I beat other financial investment options. It is no use hoarding your bitcoins for 10 years... and to sell it and only making say 3% growth per year. Then you would have been better off with a fixed deposit at a Bank with a much higher return on your investment.
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I have to say, it was very discouraging to read your post and to actually see the math behind long-term Sport betting results. The house is rigged legally to drain your funds over time, if you do not know how to prevent that. Thank you for posting the link, I will definitely have a look at it, because I am one of the people that use some guess work to place my Sports bets. (I do compare some bookmaker odds, but I never knew it is such a science)
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-snip-
If you go to telegram. They have a brief down, so could be effected some users (they're facing the issue). At this time posted, the down has been finish, feel free to tried the different (before and after) the down. My balance zero because is zero ~LOL. Yap I wrote my post before Stake posted the announcement in telegram. I believe it was affecting all users because I did not see some who said that they are not affected. That's why Stake needed to do a complete downtime to fix the issue, good thing here is that Stake did it quickly. I guess they have 24/7 maintenance team so anytime there is an issue with the site, they can do it as soon as possible without waiting for too long time. Yes, I have to say that they reacted very quickly after the complaints started to pop up in the chat channels. It was not down for a very long time, I could not enter the site for a short time and then it was back again... fully operational. I did not stay after that.... did they do a drop for the inconvenience that they caused, because they usually do that if the site goes down.
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The casinos does not change the algorithm of the games, they just increase or decrease the RTP (Return to Player) for the games. So if the split was 96% to the player and 4% to the house.... then they just change it to $93 to the player and 7% to the house. It might also be that for 3rd party games, that they might alter the variance of the games, which is one of the other factors that are used to determine the outcome of the bets. (Slots) The bets are still Provably Fair, because the Client Seed / Server Seed and RNG has not changed.
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Bitcoin will not eliminate the divide between the rich and the poor... but it will reduce the gap between the poor and the rich, because it gives them a technology that are cheaper than the traditional Banking system.
Many poor people cannot afford a Bank account, because of the fees that are charged by the Banking sector, so Bitcoin puts a technology in their hand that will open up a world of opportunities for them to operate small businesses with little or no Banking fees. (Lightning Network)
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Yes, this is a problem.... but not a problem that only exist with Bitcoin use. Many people with an agenda, will focus on Mixers and Bitcoin Pseudo-anonymity, knowing that the most money laundering are done with cash. (Fiat currencies) This is an instance where you can say... "If you want to hit somebody, then you will find a stick" We know Bitcoin haters and Bitcoin's competition will blow up the smallest thing to discredit Bitcoin and they will ignore the flaws in their own behavior or technology.
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Well, we all know the saying that says ==> "The house always wins" ... and that is true for any bet size or balance that you are using to gamble. I have tried betting small amounts and building it with every Jackpot that I hit and I have tried betting high amounts and gradually reducing the bet size, but no matter what strategy I use... my balance eventually turn to zero. You might have perceived that a higher betting balance gives you better results, but I think it just extends the inevitable outcome... which is a zero balance. (A higher bet size just takes longer)
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I do not know if you posted this to help people or to help yourself. Yes, you are saying people should stop gambling, but in the next paragraph you are posting a link for people to advertise your "steaming" sessions ...where you gamble for fun? If you are serious about reducing gambling addiction, you should provide content that help them to stop gambling... not to encourage them to gamble for fun. (fun gambling is a trigger for people who are addicted to gambling)
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Now, I am not the conspiracy theory type.... but the latest increase in FUD towards Stake.com had me thinking that it is a campaign to discredit the top dog in the online Crypto currency gambling scene. So, Stunna already confirmed that it is fake .....so why would someone do this? Yes, the donations are one thing, but I doubt that people will donate anything based on the lack of evidence that were posted there. I think this is a orchestrated FUD campaign from Stake's competitors to bring them down.
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It sounds very simple to do that, but we have a problem with many people being used to what is on offer from the Fiat financial system. People do not just use centralized services for the convenience, but rather for the "trust" and "security" that it offers. The products that you listed are anonymous, but it is unregulated and inherently more risky. People are not used to that, so they look at products that are more in line with what they are used to. I think most people do not know what the difference is between centralized and decentralized services and they simply do not care.
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The increase in the number of more senior citizens investing in Bitcoin, might purely be speculative. The older people are looking for ways to grow their investments above inflation and we have seen what potential Bitcoin has to beat inflation. The younger people are risk takers and they are obviously the next generation to take over from the older people, so we have to include them to have a future for Bitcoin.
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It all depends... I doubt that either Zuckerberg or Elon Musk needs more exposure, because they are already very prominent business people. On the other hand you have Youtubers and Streamers that wants to stay relevant and they will fight in these exhibition fights to get maximum exposure for their social media presence. I think these fights are orchestrated and planned and not worth my time and money to bet on. I watch the fights, but I will not pay to watch the fights.. if you understand what I am saying.
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I gamble for entertainment, so I do not have a fixed time schedule to gamble. I will get off from work and then settle in with a glass of wine and then gamble for a hour or two to relax after a hard days work. On weekends I will play whenever there are time to do it, so if I have something else to do.... then I will not gamble. If you gamble with a set pattern, then you might develop a problem... you should only gamble for fun. I will play some soft music in the background or I will even watch some television whilst I am playing, because it is boring to watch the screen, whilst the reels are rolling.
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