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1721  Economy / Trading Discussion / Re: Has someone tried to use ChatGPT to help in trading? on: January 25, 2023, 07:16:37 PM
This is getting ridiculous. People are over-inflating the importance and usefulness of ChatGPT or any modern advanced AI. Why would anyone use it to trade? There are AI trading bots designed exactly for trading and even then, people prefer not to use them due to the fact that the human mind is still better at doing the task. And when it comes to trading, every little bit of profit/loss counts. Thats not a job that you would want to leave to an AI bot.

One small mistake and all your money is gone. To me, thats waay to risky. And I have yet to hear of anyone, other than the AI developers themselves, becoming rich from using AI.
1722  Economy / Gambling discussion / Re: Do online casinos disadvantage some locations from winning big on: January 25, 2023, 06:53:50 PM
You know how casinos have set certain slots to only pay a certain amount to a winner, it it also possible that casinos are using an algorithm to limit how much it can payout for players coming from certain locations to avoid being dragged into legal disputes if a player is paid big money and the local authorities want to know the source and the alike?

I am sure that what you are describing is not only frowned upon by the authorities and casino regulators, but it is also quite illegal for casinos to do. I doubt any legitimate casino would try to risk their entire business over some extra profit. Especially when they are being controlled and hounded by people whos sole job it is to weed out bad actors in that particular business.

Don't get me wrong, I think casinos will try to do the sneakiest, dirtiest things to gain more profit but only when they are moving in a legal area. Rigging the games in such a way is undoubtedly not legal though. Shocked
1723  Economy / Gambling discussion / Re: UK fines online casino for only asking KYC from winning gamblers on: January 25, 2023, 08:56:35 AM
One fairly common complain among gamblers is they are allowed to make a deposit at casinos and lose their money without any issue, but if they happen to win and they want to make a withdrawal then they are hit with a KYC request almost immediately, Tonybet a fiat Estonian casino was fined more than 400,000 pounds for this practice and it seems the regulators are now interested in making reforms to the laws and force casinos to also make checks on those gamblers which have lost a lot of money.

If those new regulations are passed they will affect not only fiat casinos but cryptocurrency casinos will have to eventually follow them as well, do you agree with this idea? Would you like to see casinos to be fined more often for the practice of only asking for personal information from winning gamblers or do you think this will have a harmful effect on their finances?

Source: https://www.theguardian.com/society/2023/jan/18/tonybet-fined-regulator-online-betting-id-checks-terms

Well its about time! Too many gambling casinos are using a weaponized form of KYC just in hopes that they will get their money back one way or another from the winners who cannot or do not provide KYC due to their own reasons. Or they use KYC as a stalling tactic until the only choice is to get a lawyer or give up their winnings. Its quite disgusting at this point because they know that not everyone has the strength to fight back.

Either you demand KYC or you do not. Making withdrawing funds harder for winners only is not ok.

1724  Bitcoin / Bitcoin Discussion / Re: I managed to invite 1 of my friends to invest in bitcoin on: January 24, 2023, 08:54:25 AM
Good job on becoming a Bitcoiner who spreads the word of the future money! Really nice job!

But at moments like these I do think it's a bit of a shame that there is no referral reward system for Bitcoin, built in. That would help the adoption and globalization of Bitcoin along. But either way, Bitcoin will, whether slowly or fast, become the one, true global money.

I hope you remembered to tell your friend about the traps along his path. No panic selling, only hodl and do not trust altcoins. Especially ones that are not in the top 20 on Coinmarketcap.
1725  Bitcoin / Bitcoin Discussion / Re: Why did you have Faith in BTC? on: January 24, 2023, 07:56:04 AM
Noticing BTC proceeding down for quite some period now, I presumed people will be withdrawing their assets to shares in other businesses. But it amazed me that BTC is gaining more rage and a multitude of people are still rushing BTC. What is the secret behind BTC?

The secret? Just read the whitepaper until you understand how important Bitcoin is. Its a money which provably cannot be controlled or regulated or frozen by anyone. The reason being that that very control is distributed among miners. And anyone can become a Bitcoiner miner at any time as long as they have internet. This is also the reason why most of us are strictly against implementation of PoS for Bitcoin, but thats a different discussion.

Its also based on a system of being a public ledger. So saying that criminals can stay anonymous with Bitcoin is nonsense.

The underlying value is not merely speculation but also the cost that mining.

So it has provable value and a free nature. Thats next gen money.
1726  Economy / Gambling discussion / Re: Cheat the Lottery Winner on: January 24, 2023, 07:09:58 AM

The valuable lesson that can be learned from the story above is that if you want to remain anonymous for your lottery winnings, do it yourself, and don't entrust money-related matters to other people (even if that person is someone close to you)

if i were am victim, i will not reconcile with that cheating cousin, unless she returns all my winnings that she has used, how about you?

Obviously do not trust anyone, even a cousin or any other family member or best friend with your money. At some point people will betray you. Knowing that, why would you still trust people with large amounts of money?

I think there is something shadier going on. Anyone wishing to stay anonymous for such silly reasons has something to hide and I am sure that that particular person was trying to hide something as well.

People need to be less oblivious to whats going on around them. Seriously.
1727  Bitcoin / Bitcoin Discussion / Re: Will crypto banks replace traditional banks on: January 24, 2023, 05:37:14 AM
I think you may be perhaps misunderstanding the entire point of Bitcoin as well as other cryptocurrencies. It is to BE YOUR OWN BANK. It really is self explainatory. There is absolutely no more need in our modern times for some third party member to hold your money for you until you decide to send it to someone. And not only do they hold your money for you, they also demand payment for this "service". Although its not a service, really.

And if something should happen, be sure that nobody in that bank will care about your loss of money. The bank will whisk away responsibility and carry on as usual.

Rise above and be your own bank.

The correct topic subject for this topic should be "will crypto replace traditional banks" and the answer is yes, yes they will and already have done so.
1728  Economy / Gambling / Re: Metaspins.com - Crypto casino - 100% Up To 1 Bitcoin On Your First Deposit on: January 24, 2023, 05:24:36 AM
Well, alright. I decided to take a look at your online gambling crypto casino "Metaspins.com" and have found a few things that I think could be areas of potential improvement. These following suggestions are merely my own thoughts and are not meant to make Metaspins look bad or good. They are just opinions.

First of all, the user experience design is all over the place and not very thought out. When I first came to the casino I could not find an option to change the language. There really is no order to the interface, but rather as I said, everything is just jumbled around.

Secondly, the crypto buying options are quite limited. You might want to update the payment options.

Overall its a standard casino with no personal flair or something that makes it stand out from the other casinos.
1729  Economy / Gambling / Re: Black Friday fever: do you wait for extra bonuses from casinos? on: January 22, 2023, 10:28:35 PM
I am usually always excited about extra bonuses and rewards from online casinos but in every casino that I check out and compare bonuses, I seem to find little to no difference in potential profit and the whole concept is starting to feel like a rubber-stamped marketing tactic which no longer provides the old bonuses that we know and love.

What gamblers dont understand is that black friday itself and any other form of promo the gambling site may try to introduce is their advertisement and marketing strategy, they don't mind spending that little they promise to give you if you win but what they get back in return is very big considering the numbers of gamblers across the world that will have interest in participating, which makes it more profitable to the lucky winner a d the gambling company while others that have attempted took the risk for applying in an attempt to win.
Black friday itself is just like some common or ordinary holidays, it is really just turning out that BF is really that just good or known in some parts of the world and this is why some sites do really attached their bonuses into these kind of events.If we do talk about overall about bonuses then its not something that do really give out that kind of excitement since we do know on how gambling bonuses do works which it does
really have those terms which you do need to hit up before you could make out some withdrawal.Just like the rest it isnt really just something interesting that you could deal off with.
It doesnt really give out that kind of excitement most of the time.

Black Friday used to be something more. Something exciting. Something you, your family and your friends would love and look forward to. At least in America. But slowly that whole concept turned into a corner-cut, cost efficient marketing nightmare for the customers.

It's a shame, really. I would have loved the old Black Friday spirit back. At least in online gambling casinos...

1730  Economy / Gambling discussion / Re: Doxxed team can help a new gambling platform? on: January 22, 2023, 04:20:48 PM
I think as long as the casino itself is licensed correctly, you can be sure that the business is legitimate. A KYC of the team itself is less dependable in my eyes than a government approval. And you have to ask yourself who is doing the KYC procedure in the first place and how legit they are. So, KYC is BS.

So if you are worried about that kind of "proof" in order to ensure that the casino you choose is not a scam, then a license, which is government approved and publically verifiable would be a better proof than a "doxx" of members who may or may not be real or not (they may be real people with fake ID and forged government papers in order to hide their real identity.)
1731  Bitcoin / Bitcoin Discussion / Re: Two-edged sword for countries that banned Bitcoin on: January 21, 2023, 07:19:12 PM
Freedom is priceless, but it's unfortunate that some countries are depriving their citizens of this right. The banning of Bitcoin is one of them, and the countries doing this are not wise but not entirely foolish because they have their reasons. Nonetheless, they are showing excessiveness in their dispensation of authorities as far as I am concerned. However, one thing these countries have in common is either they don't practice democracy or it is weak in the country.

Not all policies are completely good, and you don't cut the head off because you want to cure a headache. I pondered on this today after responding to a reply, how naive some of these countries could be as they (the government) and their citizens would be negatively affected in the following ways, though they are not the limit:

1. The government cannot earn through Bitcoin in terms of investments, taxes and others.
2. The citizens would be deprived of the fortunes attached to Bitcoin when they own it or do investments with it.
3. The citizens would be deprived of employment that could be paid through Bitcoin only, especially online.
4. They will be forced to embrace fiat with high transaction fees and a slow time of completing most international transactions, unlike Bitcoin.
5. The investors' confidence will slightly be affected since many companies dealing with Bitcoin will not be able to thrive under such conditions, so they go elsewhere.
6. Setback in blockchain and the technology attached to it when countries are yearning for advancement etc.

They do this in the name of curbing illicit financial flow, but the question is, is it worth it? I don't see a winner here if they truly have the love of their country and citizen at heart, they should have regulated it, not banned the coin.

What do you think guys?

I would have to disagree with a few things you said, unfortunately. But I also do agree with some of the other things you said.

First of all, freedom is never without a price. In a country with like North Korea where your freedom is completely taken from you, the price to gain that freedom is a revolutionary civil war. Quite a heavy price. Our current modern, peaceful times in first world western countries has obscured that fact. Freedom is something which we should not give away, not even a bit.

1. Disagree. The government could just invest in Bitcoin themselves and they would see a nice profit.
2. Agreed.
3. Half-Agreed. If you have the internet you can earn Bitcoin for your work online and the government does not have to know, unless your opsec is bad.
4. Depends on the country. Enforcement in North Korea is different than the enforcement in US.
5. Agreed, but this will be temporary. The investors will see how little power the government has over Bitcoin and calm down.
6. Not sure what you meant.

In a nutshell, no government can ban Bitcoin. No need to panic.
1732  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: January 20, 2023, 09:32:14 PM
I am not sure what is the reason behind above breakout discussion about the roobet but as far as I have seen the activeness of Roobet, it is just at the top of this world. The owners look damn happy about their foundation that is Roobet and they are doing everything out of love and perfect financial business point of view towards it. That is why they are so much active to keep the casino engaged.

I mean come on, there is no single day I have not read, heard or seen anything about the Roobet casino. It really makes sense that they are having strong presence everywhere and keeping the engagements to organic levels. Without this, there is no Casino which can keep up the ever growing demand of gamblers with such high quality. <3 <3


Roobet is indeed a trusted casino and the community has been kept very happy throughout all this time that it has been active.

Here's a thought: Perhaps the entire issue could become a new marketing tactic for online/offline gambling casinos? I mean old casinos are way more respected due to their history of happy "customers" (gamblers. Is a gambler even technically a customer? I have no idea ).

If casinos were to take their historical moments (startup, small casino, famous investor endorsement... and so on)  and put them together in a picture book/road map type of way, which illustrates everything about how their business started and the hurdles it has gone through to become so trusted, then I believe people would trust that casino much more.

Its all a question of familiarity.
1733  Bitcoin / Bitcoin Discussion / Re: [btc]-cookies on: January 20, 2023, 07:39:54 PM
I absolutely love the cookies! They look very well made as well as exceptionally delicious. Is that on to top part of the cookie a white chocolate plate? Nicely done to whoever made that! The finished result looks amazing and I love seeing the Bitcoin business community so proactive! If one were to decide to sell or reward the cookies to the Bitcoin fans, I think that one could make a nice amount of money and/or become very well liked. I am not trying to turn this into some kind of a business extension or anything, I am just saying.

1734  Economy / Gambling / Re: i won over 3k on a roullete in stake.com (emotional day) on: January 20, 2023, 03:31:16 PM
i was on a physical casino and lost around  10 million pesos colombianos (2134$) on a roullete today.
in colombia casino.


i was at this point extremely triggered mentally   and  logged in on my stake.com  account  while at the casino and put 3000 usd on a double ball roullete in one bet and won 2.5x (


i am glad i recover. btw i am planning to take off some time off of the casino and do only sport betting.



here proof of my wins

https://imgur.com/a/GTk7k7c

https://i.imgur.com/xbjEN97.png




next time when you feel hopeless and depressed take a line of coke  cheer up and retry your bet.



Many warm congratulations on your very lucky win! I hope you do something productive with that money like investing it (Bitcoin is always a good idea) or at least saving it for something. If you are planning on taking time off gambling, you should consider doing the same for all kinds of gambling. Just to reset your own mind into a peaceful state before going back into the world of gambling.

Although, I cannot condone your advice for hopeless and depressed people to do cocaine and gamble because that will only add more problems for them.
1735  Economy / Trading Discussion / Re: Two Types Of Traders - My Personal Classification on: January 20, 2023, 03:18:48 PM
Based on personal experiences in trading, personal research and observations, ive on my own personal terms, come to the conclusion that, there is two types of trader, and how risky trading be for an individual, depends largely on the type of trader such an individual is..
So without wasting much time, lets dive in..

My Two Types Of Traders Are -

  • The Awakened trader
  • The Blind trader

The awakened trader is one who took their time to study all that there is to trading, including the rudiments, intrics and mechanics, they can read charts, they can effectively do technical and fundamental analysis, they know how important news drives the market and they follow news bumper to bumper.
I personally will chose to see trading as an art rather than science, art can be mastered, and so is trading, those who master the art of trading, we call them professional traders, trading is their profession, this is how they carter for themselves and their family, they are the awakened type of traders, there are very few traders in this category.

The blind trader on the other hand, are traders who guess-trade, they buy Bitcoin, not because they are sure it will go up in the next minute, but because they are hoping/guessing it will, some times, they guess right, but other times, their guess is wrong, trading is like sports betting for them, it is BUY vs SELL playing the match, they watch out for which side other people are contributing more to, are more people buying?, they will buy(FOMO), are more people selling, they will sell(FUD), they lack the will power to make there own original decision and stand by it, this is because they are not even sure of what they are doing, they are just guessing the market, this type of traders are the blind traders, there are very many traders in this category...

To upcoming traders, which category do you want to belong? its your decision to make.

I think there is also the category of the Pseudo-Trader. He did not actual study the fundamental or technical analysis but proceeds with his own thought-out strategy which is purely based on coincidences or fake analysis from influencers who pretend they know how to trade.

Myself, I studied as much as I could and continue to study to this day. But really, its not something you can learn but something you have to also experience in order to learn. Which explains why I lost so much money trading as a newbie. But now I see that lost money as education fees.

I would say that its definitely better to learn this stuff from a reputable source.
1736  Economy / Gambling / Re: Black Friday fever: do you wait for extra bonuses from casinos? on: January 19, 2023, 04:53:59 PM
I am usually always excited about extra bonuses and rewards from online casinos but in every casino that I check out and compare bonuses, I seem to find little to no difference in potential profit and the whole concept is starting to feel like a rubber-stamped marketing tactic which no longer provides the old bonuses that we know and love. Nowadays it seems to resemble a McDonalds monopoly ticket- they used to have real, tangible prizes (even if mostly small). Now the tickets provide you a code with which you may or may not win something. And if you do win, its always some BS like 20% from some online noodle store when you make an X amount of purchase and you never even consider buying from them in the first place.
1737  Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds! on: January 19, 2023, 10:13:50 AM
https://nypost.com/2023/01/15/gambler-loses-massive-1-4-million-bet-on-chargers-jaguars-game/
Quote
One bettor wasted a massive $1.4 million wager after betting on Los Angeles before the Jaguars mounted an epic comeback to beat the Chargers 31-30, according to Action Network’s Darren Rovell.

It seems that a gambler has loss this massive amount (1.4 million USD) playing a bet with an odds lower than 1.01! (exactly 1.008)

I think there are several lessons here:
- there is not easy bet! even lower odds there is always a risk.
- it's really risky playing an huge amount. This not helps gambler because the risk is much much higher then rewards!
- gambling is not easy at all! it's really hard achieve a profit even for easy games!

what your opinion about this gambling issue? did you had experience similar experience? how a good gambler should avoid such mistakes?

I think we might be blowing the story out of proportion. If he has $ 1.4 million dollars for betting, he definitely has more for himself. I doubt he bet his life's savings (or at least I hope so). For some people 1.4 mill is not worth talking about. In fact it might just like losing half a years in earnings for them. Slightly stings to lose that amount but they will have more.

lower than 1.01 is still something that carries a risk with it. Not as much as other odds but you cannot call it a sure thing. In fact, if he bets regularly, there is no doubt in my mind that it has happened to him before.
1738  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | VIP | Instant withdrawals! on: January 19, 2023, 09:29:39 AM
I really missed participating on this bonus since my account being restricted on participating the Duelbits promotion. Any promotion that involves Man city has a high chance of winning so make sure that you have a bet on it.

Why your account is being restricted on participating in their promotions?

Does anyone here allow a chip in bet for the promotion especially those who didn’t maximize their 20$ bets? I’m willing to place bet on your Duelbits account. This offer is only for trusted user. I will send first the money for the bet.

Wouldn't it be something against the terms? With the fact that your account is restricted, you want to bet on other's account which means that you are breaking the restriction although you are using other's account which is not restricted. I think some people will be afraid to do it for you as if it is something against the term/rule, other's account that you use to bet on their promotion will be restricted too later. Have you asked support first about this possibility, if supports confirm that it is fine without any future effect on the account, I'm sure some people will be willing to do it for you. Otherwise, others wont be willing to risk their account.

This is not the first time this week that I have read about users getting restricted from joining in promotions and bonuses. And this news comes not only from Duelbits but rather it is happening on various online gambling casinos. I would also love to know what this is all about. Is there some sort of conspiracy or regulational changes going on that we do not know about?

Either way, if you help someone with a restricted or banned account to circumvent the ban, you will find yourself in trouble. Best to avoid such requests.
1739  Bitcoin / Bitcoin Discussion / Re: Xi, Putin wants Bitcoin without wanting Bitcoin on: January 19, 2023, 05:35:47 AM
Does this have anything in common with the news of Iran and Russia trying to scheme together a gold backed shitcoin?

Source:
https://bitcointalk.org/index.php?topic=5435959.0

Putin obviously wants to be in control of their new crypto. As does Xi, I imagine. And there is no chance in hell they would ever be in control of Bitcoin, so there is no point in Bitcoin for them nor any other cryptocurrency which is out of their control.

Obviously this is a case of bad politicians not understanding the prerequisites of decentralized money. There is no point to using Blockchain to gain independency and freedom from third parties when there is a centralized source of control.
1740  Economy / Economics / Re: Brace yourselves, CBDCs one Step Closer on: January 19, 2023, 02:53:49 AM
Coindesk revealed the Bank of America has been researching CBDCs and it seems that they are closer than ever. The report considers CBDCs to have a lot of potential and was a natural evolution of money.

According to Alkesh Shah, "CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years." He thus added that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.”

Central Banks are already exploring the whole notion of developing CBDC systems so this may come sooner than one might think. What do you guys say? Ten years ago, I said that it would take 10 years for governments start adopting CBDCs. Now that 10 years have passed, some countries have already adopted it but it is still not mainstream. How long do you guys think it will take for CBDCs to become the norm?

I used to be a bit frightened by the notion of a centralized, transparent and regulatable government money. But lets be honest here, even when or if some government in this world decides to enforce such a money system on the people, they will automatically run towards freedom. Towards Bitcoin, the complete opposite of that system. And Bitcoin has proven time and time again that it is impossible for any government to control it. CBDCs will be a failed experiment which only pushed people into the right direction. At that point BTC will become the one global money.
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