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1701  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2023, 10:16:25 PM
Bitcoin price seems to be increasing with time but we cannot confirm a bull until some more resistances are broken. specially the wall at 25200 and 31900.

There is no wall.

Then what are we observing?  Huh
1702  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 29, 2023, 09:41:30 PM

There's so much to do in that game, probably my favorite open world game ever. But you have to unlock a good portion of content by completing some missions first.

My favorite pasttime is getting the two Grove Street gangs to fight each other. As Franklin, you travel to the blue gang neighborhood, start some shit, and slowly lure them down the street and across the intersection. Then the green gang automatically starts shooting at them, and chaos ensues.

Tailing cops is also fun. Usually they will eventually turn on their sirens and speed toward a car whose driver happens to have a gun, then they get into a shootout with them. Getting gangs to fight the cops is also a good time.


Oh definitely. GTA 5 is fun but they made the game so large and detailled that my attention starts to wander after a short while and I cannot really concentrate on playing the story mode anymore. So I just start screwing around.

There are annoying parts though. Like when you go up a somewhat steep hill and your character falls down and slowly rolls down the hill for like 5 minutes? Its so ridiculous. I can't handle the road rage whenever someone crashes into me. At that point out comes the attack helicopter cheat Cheesy
1703  Economy / Speculation / Re: Bitcoin is getting ready for $25K, How? on: January 29, 2023, 09:36:05 PM

IMO 25k is not really a resistance. It was never a significant level both on the way up and down. It was never defended for a long time and it didn't have a lot of volume. 29-30k is much more important. Everything below 30k should be considered a depression and undervaluation.

I would have to agree with you. It would seem to me that 25k is rather a psychological resistance rather than an actual resistance. 28-30k seems to be the next area of resistance if you look at the chart using technical analysis.

But then again, it might not be wise to underestimate the effect of psychological numbers, especially in trading. We might see a surprise bear trap around 25k but I doubt we will have much trouble after that.

I definitely will not panic no matter what happens once we hit 25k.
1704  Economy / Gambling discussion / Re: Are there gambling games/sports that suits a particular gender the more? on: January 29, 2023, 09:18:19 PM
I doubt that there are currently any gambling games or sports which are specifically targeted towards different genders but then again, I could be wrong, since we know that psychological tricks like with specific sounds and lights are used to lure people into gambling more, so why not a psychological approach towards genders?

That being said, I think the male gender are risk takers, more so than the women. So it might now be worth creating gender approaches when most gamblers are men. Its better to market to the male. We see this for example in games like slots where women are used sexually sometimes to create a more enticing game.

In conclusion, obviously men are the main "customers" in the gambling world. I think we can all agree on that.
1705  Economy / Gambling discussion / Re: Medical student wins lottery 5 times after embezzling graduation funds on: January 28, 2023, 10:05:35 AM
A brazilian medicine college student diverted almost 200.000$ from the graduation comission's funds, which belonged to her whole class, to place high bets through the national lottery.

She won sometimes on short run, but after all, faced a huge loss and went into almost 40.000$ debt. After scamming the lottery, the police department was triggered and the investigation has started.

She was investigated for money laundering and embezzlement. Later on, it was discovered the funds' origin.

Meanwhile, the class students became suspicious about the situation after the woman told on her class Whatsapp's group funds raised for graduation were lost after she invested it in a brokerage firm and was scammed by it, but no further documents and evidences could be provided, because everything was robbed!

Since then, no more updates about the case have been shared on the news. It happened about 2 weeks ago.

Medical student wins lottery 5 times after embezzling graduation funds

This is what addiction does to people, unfortunately. And addiction is a very real disease even if some people scoff at that very notion. I am not going to feel sorry for her, as her actions were her own and she deserves the punishments that she will undoubtedly receive, but I can definitely say that at the very least, I understand.

Had she the self control to stop at a profit, she might have covertly been able to put the money back where it belongs, without anyone noticing and she would have made a profit as well. Not that I condone gambling with stolen money. Just saying.

It seems towards the end she just became desperate.
1706  Economy / Gambling / Re: What do you appreciate more Desktop or Phone on: January 28, 2023, 08:42:27 AM
Desktop applications are forever above mobile applications in my book. There is just so much more you can do and its much more detailled. Not mentioning the fact that I hate tiny screens. They are bad for your eyes and extremely uncomfortable to navigate. Its like comparing typing on a keyboard vs typing on that little screen- it becomes very slow and annoying on a phone.

If you really need mobility you can just take a small laptop with you. The only advantage of a phone at that point is you can take it to places you could not take a small laptop. Like to the toilet for example.

But if you are that addicted to a screen that you need to take it with you to the loo, then perhaps the problem lies elsewhere?
1707  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 28, 2023, 07:30:12 AM

Also, if you have a dent, you can put Yamcha in it.

...

* psycodad ... celebrating the great advance we make in fighting climate change...


Don't forget to recycle your piss.







The Danish love their piss beer.

Always loved the GTA jokes. Pißwasser  Cheesy



I just finally started GTA 5 a few days ago...

As usual with any GTA game, about a couple of hours into the game I get bored and try out the cheats. They actually put a 5 minute timer on the invincibility in GTA 5... How annoying.

The EU has legalized putting these bugs in foods:



https://www.bvl.bund.de/SharedDocs/Fachmeldungen/01_lebensmittel/2023/2023_01_25_Fa_Getreideschimmelkaefer.html

They need to be listed on the ingredients so that people allergic to it can avoid them.
Better get yourself a looking glass to read the 4pt fineprint on your next trip to the grocery.

* psycodad heads back to his mealworm yoghurt, sipping on his cricket tea and celebrating the great advance we make in fighting climate change...


Well, technically we eat bugs all the time. They can't filter out each single one of the mealworms before grinding up wheat to make flour for example. But I agree, this is just gross and I do not want even MORE bugs in my food. But they will find a way to hide the bugs. Probably by changing the name of the "ingredient" or something.
1708  Economy / Gambling discussion / Re: Is this safe to say this about casino platforms on: January 27, 2023, 07:02:00 PM
Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.


I would assume that any serious casino, whether new or not, always has funds in order to pay their winners. House edge may be good and well but lady luck does not always care about probabilities. What happens if a new casino has to pay a big win and does not have the money? Legally, they would find themselves in hot water quite fast. I guess this is one of the reasons we keep hearing about small/unprofessional casinos withholding winnings on arbitrary grounds until they earn enough money from other players to finally settle the score.
1709  Other / Off-topic / Re: White Card entered in Football !!! on: January 27, 2023, 05:12:00 PM
The white card, huh? The first thought that came into my mind was this was the new way for forfeiting the match... Roll Eyes Tongue

Seems like a very strange concept similar to the "everybody is a winner" trophies which are given out to every participant, regardless of their achievements. I am not sure why we need to positively reinforce people during the game itself instead of giving such recognition "trophies" at the end of the game but I guess we can try out the white card for a while and see if the players play better.



 
1710  Economy / Gambling / Re: How best to report vulnerabilities? on: January 27, 2023, 04:04:52 PM
So I discovered a bug affecting a mode of play at OwlGames casinos that results in certain games rewarding more money than they should.  I tried to report it to OwlGames but was told that they have no bug bounty program and to "enjoy the bug" (not kidding).  (of course their docs say that any "exploit" can result in not being paid out, but it's not an exploit if it's simply how things run under the given conditions - not that that would stop them from screwing someone over I'm sure)

Their poor attitude certainly doesn't do much to make me want to help them out anymore although that was my intent.  

But since it is only certain games, from 1 provider, should I try to contact that provider instead?  It's possible I imagine that it's not just OwlGames that might possibly lose money to the issue, though I really don't know.

I guess since these are casinos, losing a couple hundred to a few players every few days that would otherwise not have won anything maybe is just a drop in the bucket.  But I found it so strange that they immediately just alerted me that they have no bounty program.  Aren't casinos supposed to be pretty protective of their money even if they have a ton of it?  Huh

Anyone else have any experiences of trying to report issues like this?  I want to be rewarded for my time verifying the issue without taking advantage of it and alerting someone about it, too, so I'm also just worried about giving the info out and having them come up with some excuse like "oh it just needed a restart it's fine now, that's not a bug."

You definitely did the right thing by contacting the casino discreetly but their answer puzzles me too. Perhaps they thought you were not being serious or that you were trying to dupe them into paying you money or something? I cannot imagine any casino willingly losing profits. Or even worse, not caring about the stability and security of the casino website itself...

It definitely is a strange thing.

Unprofessionality of the casino aside, if they gave you the green light to exploit the bug then I guess you should take their advice and squeeze as much money out of them as you want. And they have no right to complain later, since they told you to go ahead.
1711  Economy / Speculation / Re: What happens next if Bitcoin drops to zero? on: January 27, 2023, 01:10:10 PM
Please don't let my question cause so much hate on me but rather let's also be realistic at times.
Though I haven't invested a reasonable sum in Bitcoin, I've at some point after watching how the market and price of Bitcoin fell from over $60k to less than $12k something similar to what altcoins do and it prompted some questions like
1. Will Bitcoin ever fall to zero someday?
2. What happens if it ever falls to zero?

It will be if this questions are answered without sentiment as I'm open to learn.

The way I see it, the only possibility of Bitcoin going to zero is if someone discovers something out of this world about some unfixable blockchain exploit which compromises everyone's wallets or breaks down the entire system of how blockchain works.

But lets be realistic. We might as well ask ourselves what happens if tomorrow aliens land on earth and exterminate the human race? Sure its a possibility but then again anything is just as possible as anything else to happen. The probability of something like that happening is infinitely close to zero so is the possibility even worth thinking about in the first place? I think not.

Blockchain has proven itself again and again. I see no reason to start panicking now.
1712  Economy / Gambling discussion / Re: Common Online Gambling Fraud on: January 27, 2023, 12:52:46 PM
Fraud is intentional deception to secure unfair or unlawful gain. Fraud and fraudulent activities can be found in every spheres of life. In the online casinos and betting there are common frauds that are perpetrated by criminals in the guise of gambling. They include:

  • 1. Bonus Abuse
    Bonus abuse is the practice of joining up for a service repeatedly using promotional offers that are typically only available to new members. There are various terms are used to describe it, such as bonus abuse, casino whoring, bonus hunting, and promo abuse. This practice, known as multi-accounting in the fraud world, frequently targets no-deposit bonuses like free spins or free money. It mostly affects poker, casino, and sports betting websites, but any business that leverages signup bonuses as a marketing strategy may be at risk.

    The problem is that fraudsters attempt to create as many new accounts as possible, relying on stolen IDs, resulting in synthetic identity fraud and prepaid credit card details to bypass the Know Your Customer (KYC) checks. More sophisticated criminals can also have the resources to use emulators, virtual machines, and even residential-like IPs, such as Socks5 proxies or mobile networks to leverage fresh IP addresses.
  • 2. Collusion
    The use of numerous accounts by one person or a group of individuals who work together to influence a particular outcome is known as collusion. The most popular target of collusion schemes is online poker. Players occasionally open new accounts to restart from scratch. A poker tournament's big pot may potentially be won through collusion. However, it can also happen in other card games such as Blackjack. Sometimes, players collude to commit bonus fraud.

    Players might even engage in self-collusion by creating many accounts and then use one account to win over another. For example, two players register and make a $500 deposit to receive a $50 signup bonus. They can lose to each other until they reach the rollover requirements. Upon meeting the conditions, both players can cash out, and each walks away $50 richer.
  • 3. Chip Dumping
    Chip dumping is the act of purposefully losing chips to another player at the table. It's something that thieves have been known to use in an effort to launder money they have acquired illegally. They believe that if they lose all of their money to a different poker account that they already own, that the original source of the funds might be lost. They hire individuals to gamble online and lose to a single person. Once that person cashes out, the money will appear as legally earned. It is a form of collusion
  • 4. Impersonation
    Impersonation is when a player acts on behalf of somebody in a nonconsensual manner. They do that using stolen accounts. Moreover, fraudsters would look for proxy servers using SOCKS5 VPN and RDPs. There, they can conduct impersonation and other fraudulent activities. Impersonation can also happen with consent, like in an affiliation scheme. An experienced player uses an account to play on behalf of a newbie. They will enjoy their perks and fraud online gambling sites for profit percentages.
  • 5. Credit Card Fraud
    At gambling websites, it is very typical to see thieves using stolen credit cards. If they can get the card to work, they can quickly and easily cash out. Cybercriminals can use a stolen credit card to top up an online casino account. From there, they can withdraw in cryptocurrency.
  • 6. Chargeback Fraud
    Also known as friendly fraud, this is when a legitimate customer files a chargeback under false pretenses to get their money back. It happens rather frequently in online gambling, when a person who just lost a lot of money might phone their bank, say that their card was used without their knowledge, and then get their gabling losses refunded. Gambling establishments may counter the onslaughts. However, if they receive too many chargebacks, it could result in damaging their relationship with card providers. Being unable to support payments from a major card issuer can basically cost them their business. More often than not, just swallowing the loss is more practical than fighting it.

Note that - Collusion, bonus abuse and chip dumping are subcategories of Multiple account fraud.

That's all for now. Thank you for reading.
What other common or uncommon type of online gambling fraud have you noticed?


That is a very nicely detailed list! I am sure there are other frauds but I think they are derivatives of the main ones that you just mentioned. Good job on keeping the community alert! IOU 1 merit.

Fraudsters tend to target both online gambling casino websites as well as their visitors. I would also mention the phishing frauds going around. They are easy to spot but people tend to keep falling for them... Its a fraud where the fraudster creates a perfect copy of the entire casino website with the sole purpose to steal passwords and account information.

Easy to avoid if you use 2FA and keep your mind alert (Always check to make sure the url is real- the scammers usually replace a letter with a similiar looking letter like capital i with a lowercase L)
1713  Economy / Gambling discussion / Re: When was your last Royal Fush? on: January 27, 2023, 11:36:33 AM
As much as I want a royal flush, I have never actually gotten one. I suppose that the odds of getting a royal flush are extremely low. Beyond minuscule. And honestly I would not ever count on getting one. But man, how amazing of a feeling must it be to win with a hand like that? At that point when you realize how good your hand is, you plan a strategy of going all in without alerting anyone of your imminent and indisputable win. Grin

I think thats also just as hard. Imagine if you got a royal flush but everyone else folds because you go all in too soon? What a shame that would be..
1714  Bitcoin / Bitcoin Discussion / Re: My step to promote bitcoin on: January 26, 2023, 11:02:39 PM
I see how many people are trying to promote bitcoins in their own way, I am moved and decided that this year, I will play my part in the most little way possible even if I am still a new member here and to bitcoins.

It took me some time to be able to think of something that I could do that will not cost me too much money since I do not have so much of that, and also something that will not require me to talk to people directly because I can get shy.

I decided to get stickers that I intend to distribute among transporters to put in their vehicles and tricycles, and also to put them in places that people can easily see.

I will appreciate someone help preview the post so my stickers can be seen.


Great job on your Bitcoin promotion! A lot of people would never go that far and take such initiatives despite believing strongly in Bitcoin. Especially if its too much work or costs any amount of money (or time). I am glad to see there still are real Bitcoiners in the world who love Bitcoin, truly.

Your contribution to Bitcoin adoption marketing will be remembered when Bitcoin becomes the one global money. And I do believe that will eventually happen. Of course it will happen much faster if we had more amazing people like you in our Bitcoin community!

Keep up the good work and update us on your progress!
1715  Bitcoin / Press / Re: [2022-12-16] Germany calls for global regulation of the cryptospace on: January 26, 2023, 10:08:00 PM
I reckon no amount of stricter regulations will stop the more advanced type or the higher level scammers similar to Sam Bankrupt-Fried who, has the political connections and who has wealthy financial backers that can finance their criminal and moneylaundering operations. Everyone should become very much aware of this.

I would be shaking my head if we, the commoners of the cryptospace, would support a move for stricter global regulations in crypto. This will only make the use of cryptocoins, Defi and other protocols harder for us commoners, however, it will certainly not make it more difficult for those higher level criminals to create and fund their scams in crypto.



Cryptocurrency regulation is currently a focal point for regulators and lawmakers all across the world. Regulators have been tightening the noose around the crypto industry to safeguard consumers from bad actors.

The colossal fall of the FTX crypto exchange has alarmed regulators even more, and lawmakers are trying to bring effective and efficient crypto regulation into place.

The president of BaFin has censured the current synopsis of the regime that governs the crypto sectors as not strict enough. This points toward the condition where the industry will not be able to keep bad actors in control.


Read in full https://bitcoinist.com/germany-calls-global-regulation-of-crypto-industry/

I do not think that Germany fully understands the concept of decentralized finance. They are still thinking of crypto in terms of digital money, like Paypal. They are completely leaving out the issue of the unregulatable nature of smart contract swapping of crypto. Especially when it comes to DeFi.

How exactly do they think they can demand KYC from every single person with a self-custody wallet? How are they even going to find the people the wallets belong to? Do they just hope that everyone with a wallet makes themselves known? Or are they going to demand unreasonable and impossible KYC demands for service/goods providers who accept Bitcoin?

All these demands from unknowing politicians are just empty threats, because they cannot actually do anything. I am certain that they only demand more to be done as a way to make themselves look good (as in PR stunts) by pretending like they have found a solution of somehow centralizing a decentralized, anonymous money. Lets not forget, they have not even been able to control Bitcoin as they would a regular security. And Bitcoin has been unrestrained for over a decade now.

What chance do they think they have with DeFi? Not even mentioning privacy coins like Monero. At some point they will realize that they cannot attack the end points like crypto exchanges because there are always other ways to buy and sell crypto. Its over. The governments can only kick and scream now. We have won.

The fact that the oldest crypto, Bitcoin, has not been put on a leash by the government is the greatest proof of this.
1716  Economy / Gambling discussion / Re: Advice on choosing a crypto casino on: January 26, 2023, 08:18:20 PM
Greetings, esteemed community. Could you help me advise? I've seen a lot of topics on the forum about crypto or bitcoin casinos, but I need clarification on their point. As I understand the crypto casino involves paying in different cryptocurrencies, and the bitcoin casino involves only bitcoins. How to choose a casino, is there a criterion for this, or do you just go to any casino and play? It's a rash move without preparation. Also interested in a payment system, which is recommended to play in such casinos? Or just a suitable crypto wallet? I apologize for my silly questions, but I want to understand everything once and for all.

Honestly there is no good way to choose a crypto casino. All of them have different bonuses, different marketing approaches when it comes to their community, different service levels and different games.

Usually they follow the same framework of online gambling casinos but some have better user experience designs or better game designs or etc.

The most important part is to first do your research on which casinos are trusted and which are not. I believe that if you peruse the Bitcointalk forum for a while you will see the differences and which are the most liked casinos yourself.

Do not go for new/red trusted casinos or casinos with scam accusations. Everything else is subjective.
1717  Economy / Gambling discussion / Re: We lose on the long run through return percentage on: January 26, 2023, 07:48:14 PM

I just googled the return percentage of online casinos and saw different percentages that doesn't seem real. A slot machine can be written to pay out 98%, but its programmed to pay 90% and it's publicized that way to attract more people to play using that slot. Though one slot could be paying out that amount in the casino, yet my point is that no casino offers 100 percent payout that means if a slot pays out 94 percent for every 100 dollar bill spent on that machine the player losses 6$ to the casino. That is if you play longer times you'll lose, and we can almost never stay atop of the slot machines after long period of plays, unless you win a jackpot. Even if you win a huge amount, you can lose. They are numerous stories of people who won the jackpot and ended up spending the whole money back on the casino within a short period, 1 or 2 years, they lost the jackpot.


Isn't it?

Inspired by Jean Scott - Frugal Gambler

That might be considered false advertising but I cannot say for sure since I am not a lawyer nor do I have the specific knowledge about which casinos are subject to which countries laws. What I can say for certainty is that online gambling casinos, just as offline gambling casinos are subject to strict regulations and check-ups. It would not be easy for a legitimate casino to actually break these rules and regulations without repercussions. As far as the mechanism for return percentage, I think that is all in the algorithm which decides the house edge. Obviously the house will always win. Its simple mathematical probabilities.
1718  Alternate cryptocurrencies / Altcoin Discussion / Re: Is Trustwallet Safe? on: January 25, 2023, 08:00:14 PM
Getting a hardware wallet or having cold/offline storage wallet is the safest. Online or hot wallets are more vulnerable to online attacks. Trustwallet is an online wallet.

Trustwallet is also close source. You do not know what Trustwallet developers are doing behind. I can not advice anyone to use close source wallet.

Never leave high amount of funds on online wallets.

For safety, get a reputed open source hardware wallet.

This. 100% this.

Closed source is too shady. Crypto stands for transparency. How else would we know what the traps and pitfalls are supposed to be? Just trust the developers and hope for the best? No thx.

I would not completely trust any non-Bitcointalk-endorsed wallet since most people here know what they are talking about and you will not find a community with more technical knowledge about wallets and which wallets are safe. I keep hearing that Trustwallet cannot be trusted, ironically.

If you are using a wallet for Bitcoin, use a wallet like Electrum. Most people here would gladly vouch for that wallet. Although there are others.

But if you need a wallet to store altcoins or use for DeFi then you can use Trustwallet as long as you keep in mind that its better to store long term somewhere else.

1719  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 25, 2023, 07:59:36 PM
For those who want to look at the actual original, here's a link to the original message and forum thread started by member Sabunir.


The first item purchased with Bitcoin was an NFT? Grin
1720  Economy / Trading Discussion / Re: Best strategy for Dollar Cost Averaging on: January 25, 2023, 07:31:56 PM
I have searched and seen that;
Quote
Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security.

What is your best strategy for Dollar Cost Averaging, do you do it weekly, monthly?
What do you advice and why?


https://www.investopedia.com/terms/d/dollarcostaveraging.asp

I am not completely sure what you mean by strategy for Dollar Cost Averaging since Dollar Cost Averaging is the strategy itself. If you were to ask me how I do it then I say you simply divide your money up and invest/trade as you would normally except not all at once. I personally use the daily scale and invest in each dip. At any moment, a giant red candle could appear and ruin your day. Same goes for the giant green candle. Nobody knows when or why it will happen but we know that it will happen. So the best course of action is to minimize the risk with DCA.
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