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In investing in bitcoin, one should be aware that the course of bitcoin will fluctuate and there are about 4 years for the price to increase greatly.
But unfortunately, people tend only to be able to hold their bitcoins for a short time and start selling them when the price drops, which is not recommended by investors who have strong hands in holding bitcoins.
It is better to learn how to handle bitcoin properly so that it will give you profit in the future.
And buying bitcoins during a downturn can be a solution to owning more bitcoins because this is what investors who have already benefited from bitcoins are advised to do.
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I personally started sports betting at around 16-17 ages. I remember bettinghouse (or shop whatever you call) was filled with underages. They were all making coupons to make money to eat couple of free lunches in general. They never played with high amount of money as far as I could see. I think side effects of it are bit exeggarated. Like consider a kid betting a dollar for 3 matches to win 25 dollars. Its nothing in terms of amount. It will not influence your life.
Many stores make coupons to attract children to try their luck, which is the store's income. Unknowingly, these children already play gambling at a young age and their parents also don't complain about this because they see it as fun for their children. And some parents even give their children extra money so they can try to buy the coupons. And if this continues, it can cause mental problems because the children see that there is nothing wrong to do and may continue to ask their parents for money. |
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Hi guys I wanted to ask some of big family members who have experience in crypto and also in gambling. But my experience is not good in gambling.
If someone wants to start a Gambling casino online with Cryptocurrency than how much money is needed. I think that 100k dollars initial capital would be enough to satrt a better casino. Cause we have to promote and also do other such promotions.
So what are your thoughts?
More money is better in starting a casino because the promotion will cost more. But if you think $100k will be enough, maybe it's only for a few months and you should still have a reserve fund especially if several players can win quite a lot of money. You need to know that there is no specific amount in starting a business, especially in the casino business, because the casino business requires a lot of money. And if in a few months, your casino can get a pretty good increase so that it can get a sizable profit, that means your casino has started to grow and this needs to be improved again. |
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Same case is with me and I think that trying in the gambling casino online is a wast if time cause they have set bots that can easily steal our money if you are gambling more and it sucks more. So also if you wanna go to casino than go to offline casino. And it could be gmae changer for someone.
If so, you don't need to visit casinos and gamble because it wastes time. Losing money is a risk you can get from casinos. If you are aware of that, you should avoid any casino. There is no need to have other requirements to avoid that casino because you think it will steal your money. But we know that casinos can also be life changers for many people so they keep trying to get their luck. |
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It's still gambling because you're spending money to earn money and competing with other people for the prize money.
But if it's a game like GTA, Mobile Legend or any other game, you can make money from it because I see many people offering to sell their accounts to other people.
From there, they can get their money and if you are an expert in the game, you can generate many accounts to sell in the free market.
But I don't know if there is an online casino site like you mean.
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I think the other way around. I don't think of casinos to avoid, I think of casinos to bet from, which are not many, as I don't need 27 casinos. With the ones that have a good reputation on the forum I have plenty to choose from and as far as I remember I have only gambled in 5 or 6 over the years, never having a problem with any of them.
It's great if you've never had a problem with any of the casinos you've used. But we know that some people often experience it because they are wrong in choosing the casino or violate the casino's rules. We try to avoid casinos that are obscure or have a bad reputation because we don't want to get into trouble with those casinos. And if there are still people who have lost money at the casino, maybe they are not looking to find the right casino for them. If they can find one, they won't have any problems and won't move to another casino either. |
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One law passed against Bitcoin will stop everything?
Why haven't that happened yet? The only thing the government keep alive is what they are benefiting from.
Bitcoin has died too many times already, I can't wait to see that happening over and over.
Yes, bitcoin has died too many times but fortunately, it still has the power to rise again and can even attract more people to invest in bitcoin. Even if one law after another is passed to stop bitcoin, it will not happen because the government can't control the movement of bitcoin. Maybe one day, the government will enact stricter laws to control its users, but that doesn't mean bitcoin will lose the trust of its users. If you can't wait to see bitcoin die, you better keep waiting and miss the opportunity to benefit from bitcoin. |
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At the top of the next rise, you will see how much profit you will make, especially if the price can increase to above $ 100k.
That is a huge profit you can get; if you buy more and repeat it, you will have more bitcoins later.
But as we know, no one knows when bitcoin will bottom out, and we can only guess.
You can continue doing DCA as before and be patient, waiting for the price to increase.
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Whether you like it or not, we will be asked to do KYC, regardless of the limit we crossed, because every casino can change the limit anytime.
Maybe casinos can now set a $10k or even more, but if the government asks them to lower the limit, the casinos have to comply.
While crypto users like casinos that don't implement KYC, they should also be aware that one day KYC may become a necessity in casinos.
KYC that doesn't use too many details won't be a problem for users.
Personally, it’s best to just comply whatever the casino require us to do so, if they ask for KYC, then we should do it willingly. Because in less than a year or two, everything will be asking for KYC not only in gambling casinos but also in other areas wherein KYC is a must too. So instead of trying to be anonymous to retain our privacy, why not just follow the rules and comply with KYC. Otherwise, you won’t be allowed to gamble at all. Maybe that's what we can do if the casino asks us to do KYC at any time because we already use the casino and get comfortable playing gambling. But not all gamblers will voluntarily want to do KYC because surely some will be disappointed to see that their favorite casino has now asked them to do it. Maybe they will move and look for other casinos that do not implement KYC so they can continue to gamble anonymously. We should think about it before deciding, but as long as we use a trusted casino, I don't think there will be any problems for the members. |
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I think gambling at casino sites is entirely based on luck. Many people gamble with the idea that gambling will always win, I think their thinking is completely wrong. Gambling at casino sites sometimes win sometimes lose. A person who plays professional gambling loses time and time again. So gambling depends entirely on luck.
That's true but many people still hope their luck will come when they gamble. They should be able to think that playing gambling will not always win and no one will know what will happen when they gamble. We must be prepared for that lose so we won't gamble using big money and always use limits in gambling. We can win in that casino because we have luck and it seems it's not because of the casino so when we play in any casino and have luck, we can win. |
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Whether you like it or not, we will be asked to do KYC, regardless of the limit we crossed, because every casino can change the limit anytime.
Maybe casinos can now set a $10k or even more, but if the government asks them to lower the limit, the casinos have to comply.
While crypto users like casinos that don't implement KYC, they should also be aware that one day KYC may become a necessity in casinos.
KYC that doesn't use too many details won't be a problem for users.
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But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money.
As soon as they attempt playing on credit they will be notified or spot this alternative is unavailable on gambling websites. I think the measure is a good one, because it's useful as an extension of the initial gambling guideline of "just play with money you can afford to lose". In this case of credit cards it is "don't play with money you don't have yet". It will help gamblers to not lose control of their finances. Only those who have credit cards with high limits rates know how tempting it is to use the credit. Even though they have a credit card with a high limit rate, that doesn't mean they can use a credit card because it's not worth the risk they will get if they lose. Maybe it will be fun because they can deposit more money, but if they could think that they have to pay for what they use, surely they will not take the risk. We have seen that credit card bills can increase along with using a credit card, making it difficult for us to pay later. So, in this case, we should not even try using a credit card because many have had that bad experience. |
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Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k. But if not, the price will return to decline again and for futures traders, it is a good time to go short. So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready. And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction. The market is still very weak, it presented a small recovery and it surpassed the 17k price for a time but we are back to a price slightly below it, and while this can be worrying for those that bought when the price was very high and they cannot take it anymore I think this is a natural reaction by the market, since if we really think about it there is not really a strong reason why it should present an important recovery at this moment. We still need to be patient because the price hasn't been able to go up yet and is in the range of $ 16k- $ 17k. But I remain optimistic that bitcoin will surely increase when the time comes. We don't need to worry about this situation and keep buying more bitcoins, especially if the price drops sharply again like before. And hopefully, if the decline still occurs, it won't make many people panic because it could trigger the price to drop even more. |
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Early December began with a good movement, after the FTX case that made panic and had touched the lowest level of $ 15k but today the price has touched $ 17k, I'm sure the price can reach $ 20k in a week and will continue to rise even though sometimes there is a correction but it won't Stop the pace to reach $ 25K.
Hopefully, it will continue again and could increase to $20k but it looks like the market is facing another correction because the price is back at $16k. But if not, the price will return to decline again and for futures traders, it is a good time to go short. So, for now, we must remain vigilant, wait for what will happen in the market and always analyze market conditions to be ready. And if you want to make purchases using DCA, you can wait a while until there is confirmation from the market if the market will still experience a correction. |
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It's a good idea to avoid bad financial problems for the users, because maybe they can't control themselves so when the credit card has not reached the limit they will continue to use it to gamble, and many other casinos should do the same even though the players will try to find ways to play with their credit cards because no system works perfectly, most of them can only reduce it.
I agree that casinos will eventually ban or block users who want to use credit cards to gamble because of the high risk that gamblers can get. This is a way to control so that people don't become addicted and don't use more money than they can afford so they only gamble with a certain amount of money. But this needs to be disseminated to all users so they will know that now Sportsbet does not allow using credit cards to deposit money. And it is a concern of the casino to keep problems arising from gambling and it is hoped that all gamblers who play on their site will understand that this is for their own good. |
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My only safe strategy is to gamble with the money I can afford.
So why should I have an unusual bet and bet with friends?
Besides that, if I want to join my friend in placing the bet together, I will send the money to them and let them decide.
It may be the best way to bet for them so they can share information to choose the right team.
But still, I'd rather bet alone than share accounts with others because when it comes to money, everyone can be greedy.
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It seems to me that such a feature is never going to be as popular as gamblers may like it, after all if a casino was big enough and began to do this then they will expose themselves to all kind of risks and they will have to manage their casino more like an exchange than a casino, and as we have seen if there is a bad management then an exchange can collapse within days, so while this will be very convenient I doubt there are too many casinos that would like to take that risk.
So it will depend on how the casino can manage the business properly so that no problems occur later. The existence of an exchange feature in the casino can provide comfort for gamblers who can exchange their coins for other coins. This is also useful for lowering the transaction costs of certain coins so that gamblers can receive more amounts. The exchange feature is just a facility provided by the casino and of course, if many members enjoy it, they will feel good in the casino playing gambling. Usually this do really involves 3rd party services which is integrated on the platform which it dont really see that you would really be able to avoid those high fees even if they would really be making their own. We know that every conversion does really have that different prices on the time you do make out some exchange.Yes, it does really give out that kind of convenience but most of the time which gamblers or people would really just simply withdraw on what coin available that they do have into their balances.Speaking about running a casino during a crypto crash then it would really be depending their survival basing in community demand and would really be playing out into their platform on continous basis or something that could sustain on getting revenue. It doesnt matter on what situation or condition as long they do have this then they could really survive on. The difference is the fee that the casino will charge its users and every gambler who is in the casino and wants to use the conversion feature must agree to the rules. And so far, if the casino has this feature, gamblers who want to use the feature have no problem with the difference in costs in that casino. Gamblers who use this feature convert their coins to other coins and do not reduce the number of coins they will get too much. This also provides convenience to gamblers as they can convert to any coin they want and reduce transaction costs. |
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I don't know whether it's fair or not for retirees but if they understand the risks behind investing in crypto and can accept it well, it will be the responsibility of each individual.
Those who receive their money through the salary system or their pension have the right to use their money for anything because it is their money.
But here, the government wants to protect the money they have and I think this needs to be discussed first between the government and pensioners so that there are no misunderstandings between them.
Or maybe the government could give freedom to retirees who want to invest in crypto using only 10%-30% of the pension they receive so that if there is a decline, it won't have too much of an impact on those pensioners.
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It seems to me that such a feature is never going to be as popular as gamblers may like it, after all if a casino was big enough and began to do this then they will expose themselves to all kind of risks and they will have to manage their casino more like an exchange than a casino, and as we have seen if there is a bad management then an exchange can collapse within days, so while this will be very convenient I doubt there are too many casinos that would like to take that risk.
So it will depend on how the casino can manage the business properly so that no problems occur later. The existence of an exchange feature in the casino can provide comfort for gamblers who can exchange their coins for other coins. This is also useful for lowering the transaction costs of certain coins so that gamblers can receive more amounts. The exchange feature is just a facility provided by the casino and of course, if many members enjoy it, they will feel good in the casino playing gambling. |
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Dont put it all in one bet, sometimes its the side bet which works out not your accumulator especially. Have to expect the multis to be a special occasion not the norm unless you are a genius. Try to layer it a bit more, half or split the bet a few different ways and only have a third on your original idea. All or nothing is a hard road to go, simple fast to bet perhaps but I prefer a whole sequence of bets so I do at least win back my stake money, if not the win I hoped for.
I agree with you because losing is very risky if we can't choose the right team. It is better to divide it into several bets, with each bet using the money we can afford so that if we lose, our loss will not eat up all the money. But there will be types of people who don't really like dividing it into several bets because that may be the reason is difficult to monitor many matches simultaneously. We must know how many bets we can handle and be able to find information that will support decision making to choose the right team. |
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