The government has no full control in regards to the growing number of gambling sites which makes it easier and even has no restrictions for those who want to gamble. Even those below 18 years old can gamble now which is somewhat alarming in the sense that this would lead to something terrible and gambling addiction. What it hits now as we are in this internet era is the growing number of online games, even kids know how to gamble.
New technology brought us not only good things but also bad things. Many of us are encouraged to gamble due to big rewards and jackpot prizes unlike in the past. Gambling should not be taken seriously but instead, we should be a responsible gambler.
That's the thing about technology, you do not control the improvements which means that it should not be all that important and has to be something that will change things eventually. I believe that we are not going to get anything that will benefit the world, so we can't control, if we try to, that would only make whoever controls it has the power. Let's consider AI situation for example, could it be used for good? It can be, and it is. But could it also be used for bad? Of course it can be, and that's the risk we are taking while developing it. Like I said, it is not about the control but about the free market and good usually does beat out the bad but sometimes there are some cases where bad wins and in that case technology hurts us. Both of you have valid points. Technology has turned gambling into a casual activity that can be done from anywhere in the world via a mobile phone with a single account and an internet connection. Although that has its advantages, it also has several drawbacks, such as those Hypnosis mentioned. A lot of gambling websites are somewhat unmoderated, especially the cryptocurrency ones, which could enable someone underage to engage in gambling activities, something that wouldn't be possible through a physical casino. With that being said, the development of technology in general assists us in our daily lives; however, there are always going to be people who'll abuse said technologies for evil, which potentially makes all these advancements pointless and too advanced that aren't really that necessary. |
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Saga probably gonna be the same case of celestia all over again this coin is bullish on its own, those that bought when the price were still low also probably holding anyway since they sees potential from this coin, too bad i was too late to buy when the price tanked exactly at the time people are selling their bags but im kinda doubtful to get in now since as you have already know the price already growing up quite high now it seems.
probably gonna be on the lookout for the next launchpool, the fact that so many project nowadays require staking to get rewards pressing on our wallet, binance launchpool is no exception.
alas regardless binance launchpool so far has been showing quite profitable staking program, so many projects actually allocating big chunk of total supply just for binance launchpool alone hoping to get listed to the exchange which works to some extent to pump their coin to another level and produce billions of trading volume, thats just how a big exchange could carry the reputation.
SAGA had a tremendous performance after it was launched; it even reached as high as $7.5 per coin, which would result in over a $85 yield in just a few days. With that being said, I'm curious if I should have sold. I'll keep holding on for now and hope for the best. It's a great earning opportunity, and even though I already had a reasonable amount of money in stablecoins, I believe that it's still worth it if you decide to invest solely in farming through Launchpool. Binance launchpool projects have become way more common, especially after the CEO changed. To imagine, I hadn't noticed the Launchpool until the summer that passed. |
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There is a intriguing atmosphere the brick and mortar casinos provides that can't be felt by the use of online gambling. Its a feeling that is inexplicable which is why there are gamblers that will at any time choose on-land based casinos over on-line.
IMO, online casino is not here to send on-land casinos to extinction but as a way to compliment or more of an alternative in areas or situations where on-land is not accessible. One thing that made online casinos popular and embracing was the outbreak of COVID-19 pandemic, so it's only in situations as that we will have on-land casinos lacking patronage.
Even though I've never been to a physical casino, I understand your point of view. Casinos have a status symbol of wealth and provide the traditional feeling of gambling, offering an experience that online gambling cannot offer. I personally wouldn't bother visiting one, firstly because there isn't one nearby, in the whole island to be precise, and secondly, because they're made to make you lose track of time and eventually your money. Online casinos are perfect for the occasional gambler, offering a convenient and direct experience. |
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Good news, everyone! Binance has just announced a new Launchpool project, Omni Network (OMNI), quoting from Binance, "a layer 1 blockchain designed to integrate Ethereum’s rollup ecosystem into a single, unified system.". Farming will be open at midnight on April 24 at 00:00 UTC for 4 days for FDUSD and BNB. Binance will then list OMNI at 2024-04-17 12:00 UTC. However, I've noticed that farming rewards have now been reduced for FDUSD from 20% to 15% and increased in BNB from 80% to 85% compared to the previous launchpools, which, at least personally, will potentially lower my rewards since I have a lot more FDUSD than BNB.
Remember, the more projects available on Launchpool, the higher the rewards, I'm earning more than $100 to $150 per month with just two or three projects per month.
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Because it's privacy.
There are some people who own Bitcoin choose to hide it, does owning Bitcoin in a country where Bitcoin is legal a crime? nope, but they don't want to expose themselves to public.
Same happen to gambling, if you expose yourself if you're a gambler, someone might rob your money because they think gamblers are rich.
Anything that involve about money needs privacy.
I agree that it's due to privacy reasons, but I'll have to disagree on the part where you mentioned that people perceive gamblers as rich. From what I've personally noticed and based on how society sees gambling, I believe it's quite the opposite. Most gamblers are seen as broke and will do anything to feed their addiction. I get it if you're talking about cryptocurrencies; if you say you have Bitcoin, then you're potentially viewed as someone who's quite wealthy, which is the main reason I avoid talking about it, but with gambling? I highly doubt that's the case. I've never encountered it or ever thought about it for someone else. |
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Poka I guess playing of card games are actually considered illegal as you have just said and they might be arrested by the police if seen in the act because the way I see them behave actually shows that something is wrong, some looked very restless .
However, on the area of my curiosity I sincerely appreciate your advice and I have actually learned my lessons from your words , because I might have landed myself into trouble if any of the enforcement agencies like the police had mistakenly seen us together because their is virtually nothing to justify my innocence that I am not one of them considering the hidden spot .Thanks a lot for the good advice .
That's what I also think: card games such as poker are usually illegal in public, but despite that, gambling is still generally frowned upon by society. It's viewed as something bad, and those who do it are negatively seen as addicts, which is the main reason why most of us prefer not to openly discuss it. I personally tend to avoid it, unless I'm with a group of people I know who also participate and feel comfortable discussing it without being judged. This is also one of the reasons I prefer to avoid cryptocurrency discussions, because everyone has their own opinion, and I'd rather not get involved changing someone else's mind. |
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It really depends on how you define things. Personally, a hobby is something you do in your free time and enjoy. If that's how you see gambling—as an entertaining activity you do in your spare time—then it can be deemed a hobby. Some other users said that gambling can be stressful due to its consequences, which are gambling addiction or the loss of money, but that's something you must have weighted when you first got involved. Keep in mind that most things in life require moderation; if gambling or any other hobby or interest is causing you stress, anxiety, or making you miserable in any way, then it's unhealthy and should be stopped.
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Betting is a form of gambling; gambling isn't a form of betting. To make things a little clearer, from how I see things, the difference is due to etymological reasons, not because there's much difference between these two words. You're betting on sports, betting over who's going to win the game; thus, sport's betting, but you can't call it sports gambling; that doesn't make too much sense, does it? They are similar words to describe the act of gambling, but their usage depends on your form of gambling.
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The previous weekend wasn't too bad; it turns out Olympiakos won Lamia with a score of 5-1, and OFI didn't disappoint this time, scoring 4 goals against Giannina! PAOK vs. AEK was an interesting match that ended in a tie (2-2), while Panathinaikos won against Aris 2-0. There were a few interesting matches this week as well, but nothing extraordinary. First of all, we have OFI vs. Panserraikos. I'm not sure if it's worth the risk, but the previous match with OFI went well, so I might as well try my luck this time as well. Panathinaikos vs. Lamia, an almost guaranteed victory for Panathinaikos, AEK vs. Aris, is a tough one. I'm not sure if I'll go for it, but I remain confident in AEK's performance.  |
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Perhaps they didn't know how much you stake in order to earn such amount, obviously $50-$150 is a good amount of money, especially you earn without doing anything. If you don't mind, you can reveal it.
Another suggestion you could create a table that list the launchpool you joined, how much you stake, how long you stake and the profit.
I remember mentioning an approximate amount somewhere in the previous replies, but I didn't want to get into too much detail, so screw it. I started with approximately $3,200 worth of FDUSD and BNB, and in less than 12 months, my balance (due to BNB's price increase as well) has grown to almost $4,500. I started being involved in Launchpool projects somewhere during the summer, so that's certainly a decent amount of money for the time and money invested. I also love your idea, and I'll start implementing it for the upcoming projects. It's interesting to keep track of statistics and acknowledge how much you've actually earned. I'll try to make it as detailed as possible. |
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Another success was added to Binance's Launchpool project, SAGA. SAGA was listed for trading today, 9/4/24, at 12:00 UTC, with a starting price of approximately $4.5. The price quickly climbed up to $5 and is currently up to $6.60 per coin; that's astonishing! Providing that I sell my coins as we speak, SAGA would yield me a profit of $85 for just 4 days of staking; that's an incredible return. I'm not sure if I'll sell yet, because from what I've noticed, the majority of projects are still climbing a few days after their launch; see Ethena (ENA), for instance, which is now worth over $1.30. I would have made over $150 if I had held my coins for longer.
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I am just surprised they haven’t sold these holdings earlier. When was the last time they sold? About a year ago. Price went higher, why didn’t they sell more.
Why didn’t they sell everything during the 2014, 2017 and 2021 bitcoin bull markets. Very strange that they kept them all these years while the trial ended a long time ago.
That's true. I would also have expected them to be dumped a lot sooner; it seems they're keen on holding them as well. Now, to address the issue of a potential mass sellout, from how I see things, $2 billion worth of Bitcoin isn't anywhere close enough to crash the market. Perhaps they could put a dent in Bitcoin's price, but it'll only be temporary. I wouldn't expect any massive drops in price either, because there were some users who were hoping for a fallback to $50,000, which is highly unlikely to be caused by the sale of the seized Bitcoin. |
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I've landed myself in similar situations before and till today I am still blaming myself for even sticking my neck out for someone in such way.
You can never know people completely, even if you spend a lot of time together, it's a whole new experience if it involves money, I was helping this person but it was a very big mistake.
To make passive income through crypto I invested some money on mining, and friends and family do love the idea of making a few dollars every day so they started to disturb me, saying they wanted to do the same, at first I tried to avoid them but later I started hearing rumour that I don't want anyone to rise up like I did.
I went ahead and helped a brother, he had not much idea about setting up the rigs and I helped him, we went to local store together to buy the needy hardwares but in the end they got faulty even before he made his ROI back, he got pissed and he forget about all the warnings I gave him, he still start saying things about me, putting all the blame on my head.
Since that day I have learned to always maintain my lane, the risks you can take can be too heavy for others, do not stick your neck out for anyone even when they are begging you to, someone humans just can't withstand losses.
That's exactly how I feel. Even though the OP didn't give him bad advice, from how I see things, he could have avoided getting into details and should have stuck to the fact that money sitting on a bank account is losing value and perhaps offered a few sources on what to look for. I'm not saying that the OP was wrong in any way; it's just that people don't tend to take responsibility for their own mistakes and usually want to blame someone else for their misfortune. I've had my fair share of experiences that didn't necessarily only involve crypto, and I currently prefer to avoid having these conversations. I prefer to mind my own business and provide generic advice if someone is persisting. |
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Did you report these posts? They are all pretty bad and definitely AI, yet for some reason haven't been deleted. I will report them as well just in case.
Maybe mods are just slow to act as it is the weekend.
Actually, I postponed it for later and then completely forgot about it. I'll go ahead and report them as well. Perhaps he should also be neutral tagged, since he's already on signature campaign rampage. |
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Well, despite that there is a huge losing probability than winning, I still don't agree that gambling is a place to lose our money. Of course, not a place to make money but saying if we want to lose our money then we gamble, is a wrong thing.
These are the reasons why people are gambling;
- hoping for luck and multiplying their money ( these people will always lose rather than win)
- solely for entertainment only ( often win)
Maybe I'm wrong but once we are too emotional and hungry to win, the more likely to we lose our bets.
Well, nothing is absolute, but think of it this way: if gambling wasn't profitable, then why would so many casinos operate? Unfortunately, the majority of gamblers lose more than they earn, and I personally don't recall making any reasonable amount of money until I started being involved in sports betting, which so far has provided a decent boost in earnings. Gambling isn't a form of investment, and anticipating huge returns Even though it's possible, I find it quite reckless to rely on it for revenue. Even if the chances of winning were actually equal, our human nature would still prevent most of us from earning. |
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When it comes to gambling, the mixture of money, drugs, and alcohol is undoubtedly dangerous. It can impair our judgment, resulting in bad decisions and even dangerous situations. Even if people don't have millions of dollars to lose, they can still make rash decisions and lose more money than they can afford. It's like an endless loop: the more we lose, the more we feel compelled to recover our losses, which can lead to even more rash decisions.
Which is what we should keep from this story as a lesson: anyone who's combining anything that was mentioned earlier during gambling is bound to eventually lose all their money. As I already mentioned, the most important part of this story that concerns us isn't that he actually lost $3 million, but what habits and behaviors to avoid during gambling. You don't need an abundance of money to lose everything, and I'm guessing that the majority of us here cannot afford to be as reckless as Dana. |
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Why do you need some bot? You can simply just set up limit orders on exchanges so your exchange account automatically buys when BTC's price reaches a certain price. Most half-decent centralized exchanges have a limit order feature; unless you're trading P2P.
This is exactly your solution. You don't need to overcomplicate things, especially if you're using centralized exchanges. I've also missed some opportunities because I was asleep, at work, or simply couldn't access my phone, and I could have prevented it had I used a limit order. Still, that isn't as good as being present when the dip occurs because your limit order might still be too high and you end up purchasing at a higher price, but at least it'll save you the trouble of completely missing out. You sound a little too paranoid, claiming that CEX may have collapsed by the moment you return. It's a bit ironic when you claim that you'd use a bot to trade for yourself. Another user mentioned using alerts, but that doesn't guarantee anything. What if you don't have internet access at the moment, or access to a phone or computer, or because you're simply sleeping? Although the idea doesn't sound bad, I don't think it's always applicable. |
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It’s hard to say. These bitcoins etfs are difficult to predict how they will affect prices. As soon as they launched, Bitcoin dumped.
It went below the $40K and all of a sudden the flows were positive and they were positive
Until $74K top and then they started to flatten and turn a little negative.
So was the halving priced in? Hard to say. When we hit $40K, I didn’t think we would hit a new ATH either.
Bitcoin did dump immediately after the ETF approval, but massively climbed up just two weeks later. No other event could have caused such a price increase on such short notice. Actually, Nasdaq.com explains perfectly why this phenomenon occurred. According to Nasdaq, this phenomenon (Bitcoin's crash after ETF approval) is caused by "selling the news, which is the act of profit-taking by shareholders after a good news break. Quoting the rest of the paragraph for reference: This counterintuitive phenomenon is caused by “selling the news,” or the act of profit-taking by shareholders after good news breaks. Active investors might opt to take the short-term profits of good news instead of holding on for future gains. It’s not an act that’s inherently harmful when done by an individual, but a large group of traders selling their shares at once can easily influence prices. Active investors might opt to take the short-term profits of good news instead of holding on for future gains. It’s not an act that’s inherently harmful when done by an individual, but a large group of traders selling their shares at once can easily influence prices.
And when a group of sellers is larger than the group of potential investors, the flood of shares back into the market can cause a shift in supply and demand that drives share prices lower as a result.
As thecodebear already mentioned, Bitcoin has surpassed the previous ATH, but it's still at the previous ATH levels. With that being said, from how I see things, Bitcoin's halving effect hasn't taken place yet, as we've seen massive differences in ATH after the each cycle, and what we're seeing are the results of the ETF approval and pre-halving anticipating effects that are driving up the price. |
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I'm sorry for your loss, however, what's your point here? I know what you'll say, to share our experiences and yada yada yada. There are whole threads devoted to gambling addict stories and how they or someone close to them messed up, why does your story require a dedicated thread by itself? On top of that, what kind of replies are you expecting here, to say that they're sorry? I don't think anyone actually is, but at least it adds up to their quota, right?!? Or possibly a pat in the back and say that all is okay? What kind of solution are you anticipating? You know the answer yourself, and it's a widely discussed topic that doesn't need its dedicated thread.
I understand that you want to "share" but some things and some details are beyond sharing with a bunch of strangers on a Bitcoin forum; you're a legendary member, you should know better. Your "wife's brother" if that's even a true story, needs professional assistance and to be held responsible for his actions, he's a thief and a manipulator. Providing that it's true, such sensitive information requires a place where serious discussions take place, while I personally wouldn't share such details with the public.
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I don't think there's much correlation between gambling and race, although statistical data may prove me wrong if I were to look it up. With that being said, from how I see things, what matters most is how approachable and accessible gambling is. The OP might be comparing data between a country with proper infrastructure and internet access and one that isn't as widely available and, most importantly, promoted. The so-called Western world promotes gambling a lot. I don't believe that nowadays people are actually visiting physical casinos anymore; maybe a minor percentage, but the majority of gambling activity now occurs online.
Thus, I don't think it's safe to assume that some races are more prone to gambling than others; I don't think it has to do with race but with how accessible it is in someone's household.
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