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1261  Economy / Gambling / Re: WOLF.BET - $500 Daily Race! 30% Rakeback! DICE with the best autobet mode on: July 14, 2020, 04:02:53 PM
The major flaw on martingale is the player getting greedy or relying too much on autoroll.  That is when martingale become very risky to the point of devastating to someone's bank roll

Greed has ruined many a gambler indeed

However, I don't agree that autobet is the major flaw of martingale, or a flaw at all. Again, it is how you use it and for what purpose exactly. If you are going to beat the house edge through variance, autobet is a blessing as the more rolls you can make per unit of time the better. Metaphorically speaking, you are not going to catch the cat by its fat tail after 10 rolls. Fortunately, the larger the number of bets you account for (that's the crucial point), the more reliable martingale becomes
This type of talk has been around for a long time and I am pretty sick of it. What people and me trying to say here is that, if you want to make money as in "this is my job and income" type of money gambling, you can't. Because, the "play for a while, stop when you are ahead" will not happen in the long run because you can't stop while you are ahead, you need to keep playing to make an income.

This "you can't play against house edge and win" idea is basically not for few time tests, it is said so that nobody actually tries to get into gambling as a profession and make money. Sure go ahead and do that with poker, because that is against other humans, but it is not possible to make your living with gambling.

In that sense, you will need to do 100 million bets, or 1 billion bets, because in the end we are talking about full income from gambling meaning constantly gambling without ever having to stop. And if you don't stop, eventually you end up losing.
1262  Economy / Trading Discussion / Re: Trading is based on probability. on: July 13, 2020, 07:19:11 PM
In my opinion, trading can and should be compared with gambling, especially at the beginning of the journey. Indeed, in trading, there is fully an element of excitement.
Being excited doesn't mean it resembles with gambling, because even watching a movie has excitement element so that doesn't mean watching movies and gambling are same.

I agree that there is an element of risk in both trading and gambling but trading is controlled by you, I mean you can buy asset today and you can sell it off tomorrow if you see the market is going unfavorable to you but in gambling you are firstly pushing your luck against a constant negative edge known as house edge and secondly you cannot make decisions, the results are generated immediately so no way you can manage your loss.

Trading in indeed based on probability but that at the same time you are the one who can analyse market and make the best trades while gambling you can't do any analysis unless it is sports betting which comes with a 15-20% house edge.
1263  Economy / Trading Discussion / Re: Trading using someone else's funds on: July 13, 2020, 06:49:31 PM

I always told my friend about tradings but not to the point that I’ll trade for them because its too risky and I don’t want them to depend on me. Whether its your close friend or not but you have to realize that trading its not easy and even if you make profit, your friends will just sitting around doing nothing and still make money because of you.

That is the right philosophy but you are doing nothing wrong if they invest under you are you just increase your trade size and make profits for them while taking away a percentage from profits for your efforts while also informing them that there is a risk involved with trading and they might also loose money so if they are fine with that then take their money and trade it is never a problem.

Ask your friends to have their own trading strategy and have fun with them I mean its better if you guys both trade on your own and see who will make more profit at the end of the day. They just need your guidance, but never to spoon feed your friend.

Being immature and doing this is fine like you study of your own and I do my own lets see who gets better marks in exam, but in life and if you are serious about trading you must always take any advice and investment you can as long as you can utilize it effectively.
1264  Economy / Gambling discussion / Re: Which website do you usually go to get your news and casino reviews? on: July 13, 2020, 04:59:15 PM
I started playing in crypto casinos for a couple months now, and I just became curious about where all the expert crypto gamblers usually get your news and info.

I mainly use Best Bitcoin Casino, Crypto Gambling News, and of course here,
but are there any other sites that you guys recommend?
Personally I do not visit any specific website or blog but what I do before depositing into a new casino is that I check their thread on bitcointalk and check if they have any negative feedbacks, if they have any of the negative feedbacks I try and find the reason because sometimes even negative DT feedback can give a wrong impression about someone like sportsbet.io still has negative feedback from DT but that is because of past issues and Zepher hasn't came back to forum.

Basically bitcointalk gives a proper assessment of any casino if you have a few basic knowledge like read their thread and find if people are complaining about them and their profile, etc.
1265  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: July 12, 2020, 05:26:29 PM
I can't seem to be going to that Miami garage part of the website, there is no problem for me to go and bet, that is still open and I can go to basically all other places, I have surfed in the site and checked out every other place to see if there was any problems at all, and there is none, I couldn't find a single page that I couldn't go to but when it comes to Miami garage link that you provided, I can't go there and I don't know if it is a problem from my end or your end.

In any case, if you could check that out that would be great or not just could you please share the details of it here and we could read here, that way it would be much easier for us Cheesy. Sorry, if this created any inconvenience for anyone, I like cash backs and I wanted to see if I could do anything like that on my sports bets as well and see the details of it.
1266  Economy / Economics / Re: Countries and their own cryptocurrency! on: July 12, 2020, 04:52:58 PM
No one is really talking about countries creating their own cryptocurrency these days. It’s like a dead topic now. Before this I was seeing news that Chinese cryptocurrency was close to getting released and a lot of people kept talking about it. They seemed to be the only country that was serious about creating a cryptocurrency, but now it’s no longer being talked about.

The only thing that is being talked about recently is Coronavirus. Other cryptocurrencies you have mentioned here, none of them are active, it seems. Will wait to see know how the Chinese crypto will turn out. I am also concerned about how much impact it may create on existing crypto space. When it will be on the positive side (in terms of growth of increasing BTC adoptions) then we can simply ignore them but if we have them in negative impact then we must analyze them in more depth so that we could take more appropriate steps to make our crypto space more stronger in terms of competing them.
1267  Economy / Gambling / Re: 🐺WOLF.BET - $500 Daily Race! 30% Rakeback! 🎲 DICE with the best autobet mode🥇 on: July 12, 2020, 03:11:10 PM
You may not lose everything with just 23 rolls, there needs to be a max that we are talking about here. How about you calculate for 10? or 15? or 20? Those are very well hit the max, it all depends on what you start with of course, and if you start with under 1 dollars you are not going to hit the max that easily, but if you start off with 100 dollars you are going to hit it very quickly instead.

So, martingale could very well mean that for a long period of time you can end up winning but it is quite easy to hit 7x in a row loss for example, it happens very quickly and very commonly, so if 7x is the max, you are going to end up losing frequently, even 15x in a row loss is a bit common, not all the time of course but still it is a good chance that you can lose it all that way. So, you can calculate based on max bet allowed instead of 23x because we don't know if 23x is even possible basing on what the bet is.
1268  Economy / Gambling / Re: ▄■▀■▄ 🌟BITVEST.io🌟 💰WIN BY 🔶PLAY 📈INVEST ☕SOCIAL➡🔺PLINKO🎲DICE🎰SLOT🔲KENO on: July 12, 2020, 01:57:13 PM
I think it is more about consistency than anything else. There are tons of casinos that get attention for a while but they usually burn in flames and stop, whatever left is the ashes.

Bitvest is not like that, they never really do "huge" stuff that gets tons of attention all at once, they are not giving away tens of bitcoins all at once and so forth. But, what they do is consistent marketing that always keeps them interesting and getting attention.

So, when there are times some other place gets super amount of attention, bitvest is not really remembered at first, but all of those go away whereas bitvest stays at their own steady pace. This is why I think they get bigger and bigger with time, because they have a steady pace and that means they are going to get people to play here more and more.
1269  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Just sharing a website where you can report crypto scams on: July 11, 2020, 03:09:18 PM
Hello guys!

A friend of mine just shared this website to me: https://cryptoscamdb.org/report/

It lets you report those websites that are using ponzi and pyramiding schemes, ICO or any crypto-related scams, etc.

I truly believe this would really help us so that newbies and beginners will never fall into these scams. 

P.S. If this topic is not appropriate in Altcoin Discussion, feel free to move it to another section. Thank you.
This is good, and of course it’s going to help us in dealing with scam. But people still have to be careful. We can’t dictate all the scam projects, there are many of them being created everyday, more than we can count. So, you will not be able to dictate. I’m saying this based on my personal experience.

I have once seen a website that I know is a scam, and was created by the same people that owns some scam websites I’ve come across. Then I searched for the new website on Google to see if anyone has reported, but no one is talking about it. A newbie can come across it and due to there is no review on them yet, they might fall for it. So most important thing should knowing how to dictate scams.
1270  Economy / Economics / Re: Lives vs Economy -- sad truth on: July 10, 2020, 02:42:11 PM
We really have to deal with deaths, it is part of living  Cry
What else should we do? If we all decide to stay indoors, for how long are we going to do that? People will eventually catch hunger and die. It’s still best that we all go back to our business and practice social distance and other maintain other rules that will help to keep us safe from the virus, like wearing our face mask and using running water to wash regularly and also avoid touching our eyes and nose , and face completely. It is not easy to stay indoors, and do you know what’s really bad about this? Even when we are staying indoors the numbers of those with the virus is not decreasing.

Unity is the only solution to survive lives and also our economy.
Yes, this is time to show our strength by breaking the spreading chain of covid19 virus. If we unite not to go out for unnecessary reasons then the chances for not getting infected will be high which will help the countries to recover from pandemic chaos as quicker as possible like how New Zealand has done and they are must be working on other things whereas most other countries are still dealing with pandemic things Undecided.
1271  Economy / Economics / Re: Which is better, staking or investing? on: July 10, 2020, 09:36:08 AM
I do think that investment will be a better choice. Staking is quite good. it’s just like when you’re leaving funds in a bank as savings and they invest it on behalf of you and you then get rewards in return. In staking you’re going to be locking up your crypto assets on a particular platform and at the end of the period you will be rewarded with a particular percentage. It’s just like on crypto.com, they give 8% per annum.

Now this is what I hate about staking: what if you stake your assets and there happens to be a bear market, and then you lose more money than what the reward can cover? You see? So in this case, I will prefer to go with a normal investment that I would have access to at all times.

After lots of frustrations with POS and masternode coins, I decided to try only with freebitco.in which may 4% annual interest but on daily basis which leads to cumulative interest gaining hence it  seems risk free due to their high reputations. Other high paying opportunities are still seems too risky in my eyes.
1272  Economy / Trading Discussion / Re: Trading Automation Nowadays on: July 10, 2020, 04:25:20 AM
The software might be free but considering the allocation of profit, its pretty much risky and not so effective especially to the capitalist. I‘d rather use the software where you just need to pay one time and take everything on your own.
Indeed because paying 50% profits lifetime is only valuable when the bot is doing something that is exclusive to the program and with trading almost any bot can do the same what he is trying to do so paying 50% might be the dumbest idea. Also he is new and anyone downloading such bots might very well be injecting a trojan horse into their system that will quietly send all data to the hacker.

The risk here is that, the software is new so not proven at all and of course the OP is new can’t still be trust. Besides, we need a further explanation about this offer and more details about the bot.
To be very honest if he was serious about the bot then there would have been a proper thread and some insights how it works, a video maybe and a well maintained website where we can contact them because anyone can come to the forum and say anything but to take them seriously needs some backing up of they are saying by reliable sources and data.
1273  Economy / Trading Discussion / Re: Trading using someone else's funds on: July 09, 2020, 09:20:16 PM
How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.
I was laughing when I read that you are a successful trader but you still cannot figure out how to ensure whose funds are you using when trading.

Anyways I will tell you how it is done. Suppose you have 10k USD which you borrowed from them and 10k USD of your own. Now your capital is 20k and any trade you make is combined of both of yours money. For example you made a 2k trade and profited $50 then you can't say you used your own funds and pay them nothing, that is not how trading works. You need to them pay 50% fro your profits from each trade as you mentioned you have agreed for 50-50 cut for each individual.

if you really think you are professional you need to work on your basics man otherwise you might be just sort of lucky in trading and false believing that you have mastered it.
1274  Economy / Gambling discussion / Re: how big? on: July 09, 2020, 07:18:57 PM
Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger.
If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also
believe that having that humongous amount we are talking on.

The gambling industry has grown very fast after the introduction of bitcoin in the market. Those who never thought of gambling came into this field only after the introduction of crypto currencies. It's hard to imagine how big is this industry and it will continue to grow in the coming years.
That's right and that is how the industry is so big right now because there are no legal norms involved and someone can bet any amount they want and withdraw it instantly without any KYC or anything else needed.

the market size is nearly impossible to calculate because there are people who bet enormous and even hide their names so you don't know if the same guy is making those bets or these are 2 different people making those bets.

All I can think is that when a casino allows up to 5 BTC winnings in a single bet (stake.com for instance) than the market is ginormous and beyond the limits one can imagine and there is absolutely no way to measure or even get an idea about the size of the industry.
1275  Economy / Gambling / Re: 🦢 GooseBet.io 🦢 The Newest iGaming Dividend Casino With BTC, ETH, TRX and USDT on: July 09, 2020, 06:16:25 PM
I dont know who this individual is, but this is not how we treat our customers and if you join our Telegram channel you will see that clearly. If anyone posts about their losing streaks in our chat or asks any questions we are always sympathetic and happy to help, and we point them in the direction of an independent tool to verify the fairness of the outcomes of their dice rolls.

On launch we did have some performance issues due to the massive demand, however we are smashing through them and our roll speed has improved significantly  Smiley
With all due respect, I just want to share my concern; from the replies I have seen so far in this thread it does not give me a healthy view of your casino because of a few reasons basically -

1- You try to ignore people who are raising fair questions and you block users as someone said above.
2- You have been asked to proof the funds as mentioned for the dividend pool but as far as I can read no proper answer is given.

Although I like your website's layout and color scheme and everything but please try to be more polite to members since you have no history here at forum and if people are asking questions you need to answer them with dignity and pride.

I understand you're all wanting to get your post counts up for those sweet signature campaigns, but if you could please refrain from the unnecessary FUD it would be greatly appreciated.

Comments like this will do more harm than good for your casino. Just my opinion Roll Eyes.
1276  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: July 09, 2020, 05:45:19 PM
I have watched the Twitch streaming of Roobet players, around 2.5k users were online at the time watching. Interesting at some point to watch, it gets dull after 20 minutes, from my experience.

Not for some people  Wink. You know when you have that urge to gamble alot of money but you dont really have 'alot' of money then it will be amusing to see people gamble tons of money . Thats why there are alot of gambling streamer on twitch. Sometimes they win alot and rain it back to few people. Even if they dont win, it is still fun to watch people lose  Tongue

Also the fact that those streamer uses roobet's site to stream means there are alot of interest on roobet's site, otherwise the streamer will just choose other gambling site to stream

P.S : Or roobet could be hiring them but I cant find any information regarding this so thats probably legit  Wink
That is basically twitch as a whole, you could also play any game you want (well financially might be difficult) or you could just simply play a free game on some bad computer, but you CAN play a game, even if you are having hard time putting money together you can go to an internet cafe and play any game you want for a short period.

But to be honest most of the people that subscribe and donate has at least a bit of money to have a computer, which means they rather watch someone else than play themselves. Now the point there is not to watch them play, the point there is to be with other viewers, have a chat (usually discord for offline periods as well) and just built this community that likes same sort of stuff, so each streamer is one community in itself as well. Its not just gambling or music or anything else, ALL of twitch is like that.
1277  Bitcoin / Bitcoin Discussion / Re: What was your experience trading cryptocurrency? on: July 09, 2020, 04:31:25 PM
I lost money, but the money I lost is a minuscule compared to what I was able to make later. I started buying bitcoin in 2014 and I wasn't serious with it back then, so I didn't invest much. The funny thing is that I still lost this little money I invested in cryptocurrency. Then I wasn't really good at it. I taught myself everything I know about bitcoin today, nobody was there to guide me through it.

I was just using an Electrum wallet and I didn't know how to withdraw the cryptocurrency which was worth $250 to my bank, so I sent it to a scammer who claimed to be an exchanger and I lost it. I decided to quit because I was angry, but came back in 2016 and started buying again, then I have understood everything that I need to know. And 2017 was a good year.
1278  Bitcoin / Bitcoin Discussion / Re: My hardware wallet was seized by US customs. on: July 09, 2020, 02:56:00 PM
OMG. I wasn’t really ready to know this, hits hard. I don’t make use of hardware and I don’t think it’s something I am interested in making use of, maybe due to my level for now. I have been making use of other wallets and they are doing the job for me, I have always done everything possible to keep my wallets safe so that I am not going to be complaining at any time. If I’m going to buy a hardware and they will be checking it like this, then what’s the need? The government will really do anything to piss you off at anytime.

I remember when I was planning to by ASICs by 2015, I stopped that idea as packages need to clear customs checking and I may need to pay customs duties. As I was not doing financial well at those times, I dropped total mining idea if I would have tried, who knows, my package as well might have seized by customs officers for transporting some "alien" thing.
1279  Bitcoin / Bitcoin Discussion / Re: Can you hide your identity with bitcoin? (100%) on: July 08, 2020, 10:15:27 PM
I was having an argument with a friend. He says that you can't be anonymous to the bitcoin's network. Both nodes and wallets use, leads to an ip address where information can be found.

I had read in this forum that you can hide it with hardware? How exactly?
I'm sorry, your friend is saying the truth. You can't hide your identity on cryptocurrency 100%. There are just little things that can expose you. Your address is there and every transaction you're making with your address leaves that can be used to trace you ,and your IP address as well. I don't know how you can hide your IP address.

Another thing you have to know is that bitcoin was created by some researchers and they all have where they are all working now, and possibly a lot of them might be working for the government. They know everything including how they can track down anyone they want to, you can't hide forever. I no longer use bitcoin as a means to stay anonymous, I just use it because it's an easy means for transaction and also an investment for me.
1280  Economy / Gambling discussion / Re: 1.1 BTC in 35 Days on Sportsbet.io on: July 08, 2020, 09:37:57 PM
Really good to see you take all these bets, and I do agree sometimes live betting should be the best if you are watching the game and you can see the tide turning etc.

Then again, the times I have bet live when watching my game (Barca) I still fail. For example against Liverpool -- we won 4-0 but watching the game I saw the way they played and thought BTTS was for sure, but somehow Liverpool couldn't score despite trying shot after shot! So what the strategy is, is still a mystery to me:)
Actually live betting is a completely different experience and odds can be wrong at times, I mean I have been a huge csgo fan and gamble very often and I have seen that a team who lacks behind by 5-10 score on T side are given odds of like 3.00 or so which is so deceptive, I mean the CT side of certain maps are strong and if your team has a good record on that map you can easily make a bet on the CT side and that 3.00 odds would be winning more than 50% of times.

I agree with you though soccer can be hard to implement strategies and I never understand how people make soccer picks, when I am betting soccer I usually bet under/over based on how I am feeling that day.
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