He can do without live support, this is not that important. I've worked with online service providers that had just 1 dedicated support employee who worked from home and wasn't there 24/7. Users were able to choose between emailing support or filling in a form on site that created a "ticket" for the employee. The employee was paid hourly and was supposed to check the email 2-3 times a day and answer all tickets as they appear. Live support starts making sense once you get popular.




With that budget a good idea would be to do some research and focus on one game. Don't build a whole casino but rather a gaming site for one type of gambling, pretty much what primedice did in 10 years ago, just maybe not with dice, that ship has sailed. There are ways to gamble that don't require a a big bankroll, for instance sports betting, all types of lotteries, gambling with online game items, like those csgo chests or rust items.
Choosing the right "branch" you can cut the money needed to start the project to the minimum and focus all your money on securing a domain and building a site.

Good luck!

By trying to implicate Ukraine you're actually attacking Mother Russia because they've committed this act of nuclear terrorism in March 2022.
https://www.youtube.com/watch?v=uP1RUMyzb1Y

Even if this is really a Ukrainian drone attacking, how can you prove the power plant was the target and not the occupants. These drones, regardless of who they belong to, are still doing less damage than Russian tanks did when they first assaulted the power plant and kept shooting at it like it was a military bunker. If somebody is the terrorist here it's Russia.

Let's imagine a situation. I come into your house and claim one of your rooms saying that now I live here. If you touch me you're the nazi doing acts of violence against a sovereign citizen. If you do me any harm I'll record it and publish it all in social media because it's a clear assault.
That's what your beloved Russians are doing. They shot up a power plant, claimed it as their own and are now crying in the media that the legal owners are trying to reclaim it. When Ukrainians drop a bomb on Russian troops it's going to be shown in the media as if they're trying to cause a nuclear disaster. Sooner or later some Russian halfwit will smoke in the backup generator fuel room and blow the whole thing up and then we'll have another Chernobyl.

There are many branches of economy that are hard to regulate yet countries don't ban them. A good example is cryptocurrency. Less than 5% of countries banned it. It's the same with gambling. It's allowed in most countries and it's not because their governments aren't caring. They're rather not authoritarian regimes but countries that allow for more freedom.

How many gambling addicts are there compared to normal gamblers? 10%? A country that bans something for the minority is not democratic.

Not really.

Most online casinos weren't made by one person. He needs a team, at the very least a partner and they need to hire a team.
For instance, he has some coding background, so let's assume he learns a bit and covers backend dev. He needs a front end guy, possibly another back end with experience in crypto wallets, unless they want to handle all deposits/withdrawals manually, in such case he needs someone trusted to manage the wallet. He'll need someone to handle all the advertising and promoting, someone to take care of support... That's not a one man job.

Then we should talk funds.
How much do you have at hand? If that's less than $100k it's going to be hard. You'll have to cut cost somewhere and limit bets to some small numbers like $10 so they won't break your bank, but by doing that your business will scream "i'm low on money" and it will deter players.

A good example of entertainment is pachinko, a game popular mostly in Japan, but it can be found in many Asian countries. It's basically a type of pinball where you drop metal balls and try to get them fall into certain gates and holes. It's entertaining and very addicting because balls are cheap and $50 can get you a big bucket that will allow you to play for hours. If you go to a pachinko house you'll find that people are sitting them with whole trays and buckets full of balls and dropping them into the machine for hours, sometimes a whole day.

What is low and what is high?

Would you be able to describe a low and high price? I know that we can use some patterns like moving averages, golden crosses and such, but I'll give you an example. We were at 30k, after falling from 65k, so over 50% down. Was that a high price? Most traders would tell you that it's more likely a low price than a high one, yet we fell down from it by almost another 50% to 17k.


It's a good strategy if you get lucky. Don't think you'll be able to predict the market each time because the market is often manipulated by whales. For instance when we were at 40k LUNA went bankrupt and dumped a billion USD in bitcoin and then Tesla dumped again at 30k that took us down to 20. These aren't things TA will tell you.

Really? I'd like to know his reasoning for that.
He basically says that most people who are still holding bitcoin bought at higher prices than 23k? That's bullshit.

From what I've seen, the majority of current holders have Bitcoins cheaper than 20k and most of those who bought at 50k and above sold at a loss when we broke below 40 and then 30k. Most peopel are not underwater below 30k. Maybe he means the whales like microstrategy, but it clearly says most people. Most people did not buy bitcoin in 2021 but in the 11 year prior to that. Even trading volume proves it because the 2017 bull market had much higher volumes than 2021, so much more coins changed hands and I'm not talking 2 times more, I'm talking over 5 times more.

The drop is always relative and depends on the moment you enter the space. Imagine you've never heard about bitcoin and join the forums in April or May this year to learn about bitcoin. You wouldn't care much about the drop, on the contrary, it would be a nice opportunity for a newcomer who comes in with some fiat to buy at 20k and next month the price is already at 22 or 23k. You'd be ecstatic, while people who came in last year might feel exhausted after months of downtrend.

I know it's going to happen one day, but there's so much talk about a recession nowadays that I doubt it's going to hit this or next year. With problems in the economy it's that when people talk about it and are ready it never happens. Some examples are the projected real estate crash that people were talking about for the last 10 years, but we had a covid crash in 2020 that nobody expected.

Yup, no self interest from their side, pure altruistic approach. Great to see ads like that.
We all know people who never buy. It's like they want to relate to you somehow, knowing you're into crypto, so they say things like "I'm planning to bbuy just waiting for the right moment for it to hit real lows like 10k again". It's like when you come visit your friends on a motorcycle and they're like "nice bike, I've always wanted that, maybe next year I'll finally buy one" and they never do.

A shady business move to say the least. He praised it and then he criticized it. You'd expect him to do some research before investing, right? Of course he had to do it. He knew what he was buying. Attacking it and the community after dumping everything was a punch below waist.

If these companies want to buy, I have nothing against it. If they want to sell, same, but when they start to influence the price via social media it's a different story.

Multi-accounting is risky but many people do it. I even had an offer from a guy that I know who is making these accounts to work like that part-time. He works in a group of people who make accounts for players who later use them to multi-account and claim deposit bonuses and such. They mainly focus on fiat casinos and according to the guy the money is good. There are hundreds of people doing it every day and you don't even know if you're betting against an organized group. They often get banned that's why they need a lot of people with different IPs to keep the accounts active for them.

This is where the strength of bitcoin is. It's just good, it works and it allows you to avoid many hurdles along the way.

Most of us just want to go to work and get paid. We don't want to bother with all the problems a bank or the government that stands above it might have. We have our work, family life and the things we do for pleasure, our hobbies, and that's all we have the time and the energy to take care of. When we earn money we want that money to be available 24/7 for whatever we want to spend it on. We deserve it. Someone telling us that we worked as slaves for the last year and don't get to see the money is out of the question.

Over time more and more screwups like Cyprus, Greece, Russia, now China will happen and people will learn that they have to take care of their money themselves.

This reasoning doesn't make a lot of sense if you think about it. Sure bitcoin can be used for criminal activity, but so can any other thing be. You can make moonshine at home and sell it - that's criminal activity. You can grow weed - criminal activity. Most people use cash and I don't see cash being banned. Bitcoin is used for just a few % of the crimes, the rest is fiat money.

Countries that ban bitcoin are usually afraid of people leaving the country and moving all their money abroad. That's why China did it and that's why Russia did it.

I don't use them and I don't think they're really profitable. Most people prefer to be in control when it comes to their money. I feel like for me to use the bot I'd have to set it up for a very low bet because if I have money to make say 10 bets, I won't need a bot for it, I can do it myself. Then, If I had a lot of money, enough for the bot to run for an hour or more, I wouldn't want to leave everything to a script. I'd rather have fun myself.

Exactly!

I don't invest in these token because I see the value in Bitcoin and all my investment money goes to bitcoin, but I'll give you a simple comparison of the two:
When you invest in bitcoin you risk that it goes down due to some external problems like war, or internal problems like the transaction bottleneck in the past or an exchange hack.
When you invest in a casino token you risk that:
casino goes bankrupt
casino gets banned in some countries
casino scams and gets bad rep
token gets delisted on some exchanges
all tokens take a hit because of a bitcoin drop or because bitcoin faces some problems mentioned above and drags the market down
and probably some more

^^^
I think that there weren't too many exchange bankruptcies (if any) prior to Mt Gox. It was the biggest exchange at the time so despite their bad support and deposit/withdrawal issues it had a lot of recognition and trust in the community. I remember reading a thread where people who believed Gox had only temporary problems were bidding for accounts. Even when the exchange was down for weeks there were many people willing to bet on it coming back in just a few days.

Yes this is such a low league that it won't damage the industry, there's no way. It's basically some regional league in Nigeria. This is a great way for a player to thrash his reputation and shut the doors to a transfer. I once read a story about a player who was caught stealing from teammates in the dressing room and the clubs that wanted to buy him resigned from the deal. People can be so stupid, they destroy their lives for some money that wont change anything in the long run.

My first thought is that you're trying to be a trader without having the spine for it. You sold your coins 3 weeks ago, so in other words you held for a while, but as it continued to fall you've decided to make money shorting bitcoin, like a trader, but it bounced back above 20k. Your plan failed and you got even more desperate because math can be painful in such times. You sold at the lows, didn't buy back as it went up, had to pay trading fees. Now you're down more than you'd be if you held, so you want to justify that move by telling yourself that it can fail, it can be banned, it was a good decision to sell. Fine, if that's what makes you sleep at night

I don't get what people spreading FUD in the bear market get out of it. You don't see it when we're hitting an ATH, but now so many journalists and influencers compete for the statue of the golden bear that it's painfully boring to watch. Watch out bitcoin could fall more because of:

war in Ukraine
rate hikes
Saylor will sell
miners will turn off their machines
gox money is coming
global recession
s&p 500 crash
bitcoin has to hit 10k because there's where I drew the line
Wolf of Wall Street said there will be a lower low

So remember guys, do as some wannabe analysts tell you and don't buy bitcoin! And if one day you wake up and see it up by 20%? Tough luck. In a few years there's going to be another crash and hopefully you'll be smarter.