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June 25, 2024, 03:48:50 AM *
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181  Economy / Scam Accusations / Re: Scam Alert: "Unlimited Money Generator" Website on: June 07, 2024, 07:03:21 AM
  • The website claims to have a 99.9% RTP (return to player) rate, which is ridiculously high. And the creator says they're not at risk of going bankrupt because they take a 0.1% fee from all the money available. Yeah, because that's how casinos work...
Nice graphic the guy has there, but he should go and fake other forums and not the people here. What you wrote above struck my annoyance yesterday when I read his thread and also the reason why I skipped the page pretty fast. Only the gullible can fall for this, it's cheap like the old. How can a casino or whatever he calls itself pride itself on a 99.9% RPT, I wonder how the casino will be winning and be successful. Perhaps, it's for charity...lol

Another annoying part is the 16+ that can access the casinos. Is it not to swindle the young ones who can't yet decipher their rights from their wrong? Maybe he expected them to steal their momma's money to gamble, I don't just know.
182  Economy / Gambling discussion / Re: How do you understand entertainment? on: June 07, 2024, 06:49:36 AM
In the topic of gambling, I often see the word "entertainment". Nevertheless, each user means some meaning by this. Many people believe that entertainment is the main driving force of any gambling. And many even believe that entertainment is a much more physiological need than, for example, a desire to get rich. If you initially set yourself the goal only to have fun, and limit the amount that you are ready to take a chance, then you play for the sake of entertainment, and not because of the thirst for profit. You risk less. But if you ask you what entertainment is for you, then this question will be at a dead end. They do not know what entertainment is. Wikipedia writes that this is activity for pleasure.
 But I see in this a certain cognitive activity, only with poorly formulated goals. For example, you play in order to understand the laws of the game over time and learn to win more often.
 Or maybe entertainment for you is something else?
I know where you are driving towards but it is not particularly true, it is relative as well. In my wide understanding of how entertainment has been widely used in this forum, I can say that some would surely fake it, but still, many others will say the truth about it. However, one thing I am sure of is that all gamblers cannot gamble solely for the money. Even if the majority gambles for the money, some may just like to gamble for the fun part which is what people at times term entertainment, and the money involvement may make it more exciting than just playing games to some people.

I tell you that I fall into this category as far as the casino section of gambling is concerned and I know other few gamblers in this category as well, so it is real regardless of your take about it, individuality varies. Also, many people gambling are comfortable with their finances and will never let gambling push them in a way, and even if they make a mistake at times, they quickly retrace their steps in it so that they will not repeat it. These are gamblers who are not in mainly for the money because they are comfortable, so gambling for the sake of the money to be made that often infest people will not have dominion over them.

As for the Wiki's meaning, it is right, and perhaps, people should rather change that Entertainment to Fun. Fun is the term I mostly use in this regard for it is more appropriate. And truly, you can have Fun gambling, but ensure that you gamble with a ridiculously low amount of money if you are truly sure you want to gamble for Fun, otherwise, gambling will ruin your day.
183  Economy / Gambling / Re: Is the exclusive stake.com bonus promoted on some sites legit? on: June 07, 2024, 06:06:31 AM
I have seen some sites advertise an exclusive bonus such as 200% up to $500 or even 200% up to $3000. Is this a legitimate bonus and why does Stake.com not have such a bonus? If so, when I play with this bonus, do the other reward programs that Stake offers to its players (weekly and monthly bonus, rakeback...) also count for me, or do I first have to fulfill the 40x requirement for the deposit bonus? Thanks in advance

The key words are "up to". That means it could be a bonus of 1% and technically they would not be lying. But there are hidden conditions which I personally consider deceitful marketing.

Stake is a casino with a high reputation, so they do not make fake promises or deceitful marketing.
My advice for @zTec is that he should always be careful, there are a lot of ugly things happening on the internet now in the name of marketing and others, so extreme caution in this situation matters as it may not even come from Stake at all, at least, that is a possibility. Because many websites are advertising insane benefits just to have certain access to people's details or for phishing purposes, that's my first advice.

But at times, many companies including Stake may have a special package for some special partnership purposes, so it is possible as well. Either way, it is best to first confirm with the representative of Stake, one way or the other, they will be aware of that offer. I will never advise anyone to risk such a high offer immediately without confirmation unless it is from a safe website, the one they can really trust.
184  Economy / Gambling discussion / Re: Are any of you guys are winning with probably fair games? on: June 07, 2024, 05:42:20 AM
I'm currently searching for probably fair games and how they work. Are you guys playing this? If so, which games do you recommend?

Probably fair games, do they depend solely and exclusively on luck or on skills too?
A provably fair system is good but you should write at the back of your mind that casinos these days are using it for advertisement. Many provably fair games are not so but a piece of a lie, so you should be careful about that because you will hardly see a casino these days that will tell you that their games are not provably fair, some will even try to prove it for you, but still, it is not so. So dealing with the right casinos, especially the reputable and popular ones is a very good way to go in this context.

That said, you can try Stake.com for this. I have not seen a casino or heard of such that has more probably fair games than Stake.
185  Economy / Gambling / Re: How high is the probability of accusations vs. casinos in BitcoinTalk are true? on: June 07, 2024, 05:28:06 AM
Currently, there's a pattern. A person makes a new account in BitcoinTalk, makes a topic/accuses a casino of scamming him/her, and because some users need to bump up their post count for their signature campaigns, the topic gets more attention than it should be during a normal situation.

OK, it's understandable that users need to bump up their post count, but we should also be responsible to find the truth, and merely not believing an accusation from a person who literally made a brand new account, nor discussing it with the person like something wrong actually happened. Because actual scammers themselves will take advantage of us.
First, the remark that users want to bump up their post count in such threads is based on your assumption and can never be proven to be right in any sense unless an individual tells you their mind. If they like, they will let go of the thread and still have thousands of threads they can post in, that's the extent to which they have choices as far as Bitcointalk is concerned. Posting on such threads is part of what this forum is for whether you are in a campaign or not and I've seen many people who are not in a campaign still posting in such threads, are they also bumping up their post count for a campaign?

However, what I see as the main point here is telling the truth in this regard and I think people are trying their best to do so. Though it may not be what you wanted them to say, nevertheless, that's their opinion and we should respect other's opinions. For me, I am most neutral in such threads, this is unless there is viable proof on either side. But what I do not like is for forum members suddenly backing a casino simply because their representative make a comment even without proof or users saying others are not complaining. Is it a must that cheating affects all?

I try to be fair to all.
186  Economy / Gambling discussion / Re: Online gambling increases computer education. on: June 06, 2024, 07:48:44 PM
Each time I visit some physical betting shop in my country, I usually observe how some elderly people make use of computers. I live in a country where most people 55 years and above don't have basic computer education. Many of them cannot use the mouse, keyboard, or other parts of the computer. This might be because most of them have not been exposed to computer education.

However, the introduction of online betting has forced most gamblers in my country to learn how to use the computer. It is now common to see some elderly people using the mouse and keyboard effectively. Most of them have never attended any computer education class but learned through observation. Others might have gone through some level of training from family or friends. I am sure many of them wouldn't have learned anything about the computer if not for online gambling. What are your thoughts?
That is nice, but in my thought, I do not think that most people will solely because they want to gamble and start learning how to operate a computer. This may be true for a few categories of people but can't be so true for the majority. The reason is that instead of using a computer to access their gambling platform by all means, they will either reach out to gambling outlets that are offering the same service easily and make their bet or use their mobile phones for the same purpose since it can do exactly the same thing as what the computer can do.

The good news is that, though most people may not have a computer in your country or simply do not know how to operate it, but certainly, many more than those who can't operate the computer will have access to their smartphones and will be able to operate it which is more reason why the option of computer will be less in my view. Also, I just thought about it now, I would rather do the same if I do not know how to operate a computer. Needless to say, computers is not getting less expensive these days, I mean a gadget with a lesser useful function for many. This is unlike the smartphone which is more useful to many people than a computer and can still help them to gamble.
187  Economy / Gambling discussion / Re: The madness of gambling addicts. on: June 06, 2024, 07:28:59 PM
You are right for gamblers who already know the bad effects in gambling they will try to control themselves in gambling as best they can because they do not want them to be too down in a life that is very miserable due to the bad effects.
And if they meet new gamblers they will try to give advice on the experiences they have had because the bad experience should be a good lesson and not behave badly in carrying out gambling activities.
The issue is that even if a person knows what are the signs that could indicate they are getting addicted and they have a desire for this to not happen to them, they can still get addicted, this is how strong addiction can be, it is because of this that people should be very vigilant and after each session evaluate if they were able to keep control of themselves at all times, and if this did not happened then they need to wonder why, as not doing so could leave them vulnerable to developing an addiction on the future.
I share some of your views here but they are not particularly true in some cases if I should be frank here. Fine, one may know a thing and also know the danger in it but still be affected by the thing, this is why I understand you very clearly and it could only be termed as the foolishness of the person because no sensible person would know the danger is in a thing and still allows it to affect him, that is unspeakable. But really, if most of the gamblers who are addicted and are so irresponsible were forewarned about gambling with enough practical examples cited for them, many of them would certainly think twice, fight better and not find themselves in the situation they found themselves in, so the forewarning can't be taken lightly.

Except that many will not even give it a thought, all they want is to make money through gambling regardless of whether it is through hook and crook methods. But in the end, they get to be mad and miserable doing it. And even with the evaluation exercise you suggested, gamblers can be very affected still, especially if their mind is on the money they want to make through gambling. The only solution I know is for them to build their willpower to say no when gambling is messing with them and they can only do this if they can nurture a strong mind.
188  Economy / Gambling / Re: Guide for newcomers Start a fun and profitable gambling entertainment journey o on: June 06, 2024, 07:10:49 PM
🍑

Though, we should be aware that when comes to the process of transmitting experience from someone to someone else, it is necessary for a person to be willing to learn and the other to be willing to be taught about that specific topic, in my case is gambling.

You're right, this has to start with a show of interest from the gamblers end, for someone who is willing to be taught on gambling, then they must be able and willing to give all the attentiveness towards realizing a learning ground is being made, we are not going to enforces this to them if they are not showing interest, even though they may not know what they will be missing out, and things like this are part of what many of the newbies in gambling to misbehave because of wrong approach.
Newbies have two choices, it is either to pursue gambling the right way of learning and use it to fully understand it so that they will know the dos and don'ts in it and also either win or minimize their losses if they lose. Or they avoid learning and let their ignorance of gambling teach them a bitter lesson which will lead to losses and even beyond it in some cases. Gambling could make one's life to be so miserably, it is our choice and this can be avoided if the gambler is up and doing and learns about it and also puts to use what he learned.

In the absence of these, it is going to be a bitter lesson for the gambler. Through learning, I am sure that they will know how to engage in gambling in such a way that is either with a neutral mind that is void of the desperation for the money to be made them or gamble with the view of having fun in it. It is only the gamblers who pursue it this way that are not so affected by it and it is what the preknowledge of what they will face will tell them if they learned. They simply do not have anything to lose this way.
189  Economy / Gambling / Re: Casino Payout In Error - Should i advise them? on: June 06, 2024, 06:54:58 PM
Hi
I am not to sure how to approach this. I have played on a new online casino which I received the 100% offer. However, post wager my cash once the bonus amount was credited to main balance. I thought it was an error and would get stopped at withdrawal however, this was not the case. So I cashed out the amount and played with the remaining balance. I did make winnings of this and then withdrew again.

I received the funds relatively quickly - with no questions. It is a new casino called betvision.io so think they not aware something is not working. Should I tell them?

feeling confused  Huh
You have every right to feel confused at this moment because you've already taken advantage of them. But at the same time, as the good person that you are, you feel remorseful about the whole thing which could later backfire on you if the company looks beyond thanking you for letting them know but also sanctions the account or delay any operation on it until further notice.

Either way, it is an inconvenience for you. However, if you still want to go for what your mind tells you, which is positive and right, I think you should tell them what happened. But you must do that in such a way that will not affect you in any way. If you like, you may return the excess funds, but if you do not want to return them, just make sure that no money is in that account anymore when you tell them so that any audit on your account will not affect you.

You can see that it is both your choice and also being smart altogether so that it will not all backfire on you in a way.
190  Economy / Trading Discussion / Re: Achieving a goal on: June 06, 2024, 10:30:20 AM
On the contrary, it is very easy to learn everything about crypto trading and investment but it is not easy to earn all the time from them, especially in the trading aspect because the theoretical aspect is not the same as the practical aspect. But still, crypto trading and investment are generally simple, they only require that we treat them seriously and creatively, not that we will be slacking in handling them the way many people do. Anything crypto to me is a serious business, that is why I do not take them with any laxity and my prior experience in the field before the crypto era is helping me quite well as the same scopes and methods are applicable to all of them.
I think easy and simple keep getting mixed, it's simple but not easy. I keep trying to learn even after ten years there are things that I keep learning and turns out I did not know. I bet you that anyone who has been trading since day one of bitcoin could read up and eventually learn something about trading that they have never heard of before.

This is why it's quite obvious that we are going to end up with people always having hard time, because if we have hard time as veterans, then newbies will definitely have harder times. We just need to remember that we are going to do fine, we just need to make sure that things aren't all that simple and we could be in trouble if we are not careful at all. This is why it's important to have a break sometimes from trading and just watch.
Lol...your conclusion is funny, it tones towards the person that has given up. Well, in my experience with trading, I so much understand you, it is never easy. People will preach the easiness to you and you might even find the learning period easy, but when it gets to you practicalizing it to earn, you will discover that it is never easy, that's the truth. But one thing still stands out my friend, you may not give up until you get the secret that unlocks the success of trading. That's the spirit I love, but one should plan to invest a little amount and risk a little per trade as well to avoid wasting money as it is still about learning and not earning yet despite trading a live account. And by secret, I don't mean a secret per se but your own system that works for you and is time-proven.

If I had given up on trading, I would not have understood it the way I do now. Initially, it would be like a trick, something that is not real but hyped, to the point that it got me depressed many times, and this is not just because of the money I wasted but of the curiosity of wanting to know how to be making consistent income from the market. Thanks to some brokers that gave free bonuses in which you can withdraw the profits earned from it. They helped me regularly fund my trading account so I never needed to waste my own money anymore. I did it for about 10 years, yes, you heard me, a solid 10 years before I know what I know today. It was never easy but I never gave up, that's the gist.

You can see that eventually, trading is now easy for me, but it is not on a platter of gold.
191  Economy / Gambling / Re: My betting strategies on: June 06, 2024, 08:09:32 AM
You are funny, perhaps you do not want to face the reality. Notwithstanding, I agree with you if it is the casino section of gambling you are talking about, and about what you called the robots and systems, it's the algorithms that were coded in the game we are playing. It is difficult to beat these programs, and the more you try, the more you fail, except a few times that it will be relaxed for people to gain, which is where the popular "luck" in gambling comes into play because it could be the time of anyone for that luck to strike. I believe this is majorly planned so that people will not get weary of a 100% loss in casinos, so it is smartness by them. You can see that you can't beat the house in this way. So you should know I quite agree with you 100% here.

But what I refuse to align with is you generalizing this, that is not right. In gambling, we have casinos and sports betting classes, so what applies to the casino branch isn't automatically applicable to sports betting. And if I ask you, who is playing algorithms against you in real sports betting? That is it. This is also a branch of gambling that is fair enough and gives you the opportunity to make the right calculations and speculations with as much as possible information you can gather. So this kind of betting makes it possible for the skills of the gambler to be effectively utilized, and even as luck is inclusive for gamblers to win, the expertise is more needed and it will reflect in the winning of the gambler if he is indeed good at what he does in sports betting.

Winning at gambling is for those who are already skilled at understanding how the system works, they play in a relaxed and careful manner, for those who are beginners or those who are still learning it will definitely be difficult to understand how to play, because the flying hours are different from those who are already advanced, but luck can It's only for beginners because luck doesn't necessarily come to those who are skilled, it's possible that beginners get lucky by winning more than losing, we can't deny that with our thoughts, because luck comes to anyone who tries, but we also have to be careful and wise. In any aspect, that's because we gamble with capital.
I quite understand you but it is both luck and skills that work for gamblers, only that it is better on the side of luck in casinos and better on the side of skills in sports betting. If one relies solely on luck in sports betting, that bettor will be wasting his time and money, there are the basics you need to learn and understand and even use your brain accurately to decipher what to do at a certain condition. Gambling in sports betting is what I believe this thread is talking about, so it is very right to add the work of skills to it which the OP tried to explain even though luck is needed.

And if any newbie gambles and wins like you said, that newbie may either know what he is doing because it is not by being a newbie, it is by doing what is right. But if such did not know what he was doing but still won the bet all the same, then it is all about luck indeed, but this will mean that the new gambler gambled within the gambling itself, which is not so good. Above all, we should always be conversant with the aspect of gambling we are dealing with. We can't be gambling in casinos and treat it like sports betting, and vice versa, that's my main plight in this whole episode.
192  Economy / Gambling discussion / Re: People keep asking me to borrow money, some of them for betting on: June 06, 2024, 07:50:20 AM
Some people even go so far as to ask me to borrow money for what? to bet!! What a joke. I answer briefly and bluntly that I don't have the money to lend for these purposes!

And the worst thing is that they ask me for small amounts, like $2, 5, 10$... I think that if the person doesn't have that money now, the chances of them getting that money to pay you are low. If the person is in need, it's easier for them to confess right away to see what I can do, because I'm not a bad person.

Do you usually lend money to relatives, friends, etc.? Have you ever felt bad about it, done it unwillingly?

And when they are female friends, do you lend them?
If your friends are asking you to borrow them like $2 or $5, then you should know you want to do a free gift. Cool Many of them may not pay it back and you will surely forget it later if you are blessed with enough. But first, on judging all that you've narrated, what I can say here is that you might not be keeping the right circle of friends, so if you are a comfortable person among many of them who are not comfortable, it is still an issue and there is no way you will not continue to feel their burden and disturbance on you.

This is why it is good to keep the right circle of friends so that none of you will depend on the other for anything, and if at all some are facing one or two challenges, you will surely understand and help. But not in a situation where the friend appears irresponsible always. You can imagine the person who borrowed money from you but was unable to return it as and when due and those ones who are likely to bet with the money borrowed. These are irresponsible friends, to say the least.

Also, yes, I've lent my relative money and it was a big amount of money and was paid even before the stipulated time. This is what we call trust and a responsible act, and I assess very well before I lend my money out as some will not return it back. This has happened to them many times in the past but I've already cut off such a circle of friend. As for female friends, I like to avoid them in this context but give them a bit I can let go of. Should in case she insists and she is responsible at the same time, why not?
For someone whose really that addicted with gambling then it would really be that impossible that you would really be asking or tending to ask about such amount but if you do make out those kind of refuse or
trying out to tell them that you dont have money but you do have an intent on giving about $3-5 then it would really be just your choice on which its really that true that these people wont really be able to repay you up if ever they would really be that tending to let them borrow specially if someone whose really that get involved with gambling then it would really be not shocking that they will really be not prioritizing on the amounts that they have borrowed someone that they do know. Not all though since there are persons who are mindful with their loans but majority would really be something like this.

If you are someone who do have the money then it would really be just that depending on you but if you are someone who do have  that budget then it would really be that significant that you would really be that trying out to control things according into the money that you've been holding or specifically will really be not making those kind of decisions since you do know that it is something
you do need rather.
Well said, but for me, there is still a limit to my generosity when I fully know that the person(s) are not responsible and would definitely use that money to bet. And if the betting has not been positive to their lives despite betting for long years, why then waste my hard-earned money on them to use it to bet? I can take them for a treat and pay their bills, that's better, and if they like, they should go and bet with what I bought for them...lol But giving them money all the time no matter how little the money is, I will not be doing that. If they are responsible and I am sure that they will use the money for good purposes, why not? I will give them.

I might even give them more, and that's even if I claim I borrowed them in pretence knowing fully well that they might not give me the money back due to their financial challenges. I will still do that, that is me, but my money must be used for a just cause. Now, for someone that I know will always use my money to bet and lose it? I will not dare that having done it a time or two, I will stop finally because I prefer to lose my hard-earned money by myself instead of someone collecting it cheaply from me and losing it as if he doesn't care.

I care about my money mehn! I worked for it. Angry
193  Economy / Gambling discussion / Re: 🚨Be careful with Shuffle Crypto Casino. Im Worried about Shuffle Casino Staff. on: June 06, 2024, 07:33:44 AM
Oh my...If this is true, then it is so sad, and it could be so regretful and annoying. Fine, this is not the first time that people's data were leaked out of their consent and I do not think I can trust a small and big casino in this regard, and more reasons why some people prefer the no-KYC casinos. Who is to protect our data even as the government doesn't care but all for us to complete the KYC by force?

The most annoying part is for the person to detect by himself even as it is being circulated freely on social media, that is so pathetic. But still, you've never shown a single proof in this regard, I mean a proof that will also make Shuffle accountable for this. Although proofs like this will be difficult to share since it is going to amount to further leaking of your information online, at least, you can still link Shuffle one way or another if you are really sure.

Wait a minute, what if it is not Shuffle who leaked your data? You know you can be sued if got hold of, right?

Realistically speaking, Among all thousand players of Shuffle actively playing only this user claimed that his personal info was leaked through chat box. If this is a real leaked from Shuffle side then it should be a mass leaked and not a single user only besides there’s nothing to gain by leaking his identity on the chat box. No one in their right mind support will send sensitive data of customer to public chat.

It’s either this users is careless on protecting his personal through unknowingly send the details to phishing website or he wants Shuffle to take the blame for his carelessness.
I have always tried to maintain my neutrality in a situation like this because I wasn't there when it happened and even if we ask the guy to furnish us with proof, how are we sure the proof is genuine? That is my reservation about this. But I do not use the fact that many users have not complained to justify a point, what if others are not victims or do not know what the OP has the privilege to know? That is first. Second, data could be leaked by some bad heads within the company, it may not be the fault of the company per se but the people they entrust some job roles to.

For instance, there was a time when I opened an account with Quidax and something terrible happened. Thankfully, I never opened other companies' accounts and I do not use my official email to open accounts anyhow. You can't believe that within the next 2 weeks, I was receiving strange emails that are not common to my official email because hardly give it out, and the same happened to my phone number, I received enough strange phone calls and text messages as well, to the extent that they sent a code to me claiming it's from one of my banks and said I should call it out for them.

This is the extent they've gone, and giving them the code would have cost me a lot. I don't need a seer to tell me that my data was leaked by Quidax, only that the management may not be aware of it but the staff. People's data are being sold daily, that's a fact. But this is not particularly true for all cases, some enemies of some companies (rival/unsatisfied customers) may be using it to target them as well so that they can paint them badly. So, I am always neutral in a thing like this.
194  Economy / Gambling / Re: I would like to place a $1,000,000 bet on: June 06, 2024, 07:15:29 AM
Yes, $1m is no joke, I also have my reservations about the people claiming they are making bets with this amount, they must have been so rich to be able to achieve that. But since we can't verify as we do not even see each other not to mention verifying, we can just give it the benefit of the doubt. But I read from the last post of the OP as I was reading the thread upwards that he had some proofs attached with the IDs, well, we can't still verify, it is the companies involved that can do that. These days on the internet, anything you see may not be what it actually is, that is the issue.

Besides, I wonder how people are so confident and daring to be betting $1m online with a company you've never seen in the physically or have an agreed term with them and sign some papers, or issue you some kind of official VIP cards to make it better provable. I don't think that I can do a thing like that, it is too risky. If it is a physical casino, it is better, but online these days, you might be creating much more trouble than you expected because if you bet with $1m and win an insane amount, who will pay, or be held if not paid the winning? Well, betting with a well-liquid casino is still a good one, but still, the fear will be there, to be honest. To avoid much fear, it would be better to distribute the money among casinos if I were the person.
Someone said, that these proofs were fake. Anyway i can`t believe that someone ready to make such bet in unknown casino on big enough odd, and the same time ask an advice on internet board from unknown people. Even if they are well-known on this board.
So much strange things in one place as for me. Of course the OP can return with proofs and we`ll applaud him.
On a deeper thought, I believe there are reasons why so many people say such outrageous things on popular platforms, it is either they want to lure people into believing they are rich and when those people contact them out of greed, one thing will lead to another, but the end will always be a scam. For some other people, they just want to create controversy, they may not want to scam anyone but just want people to feel they are rich, that's how ugly some people could be. Nevertheless, there are truly rich people who are looking for ways to risk their money higher, regardless of the category this guy falls into, one should be very careful.

As for the casinos/sportsbooks that will allow you to wager $1m at once, I think that will be scarce, and I do not think that any online ones will allow that. The best is to divide the money into parts and wager the same with many casinos or sportsbooks. However, this is better played with sportsbooks, especially when the games are scheduled so that you will not be tense or distracted for any reason. But this is quite possible with physical casinos which I even believe the person of his status fits in best where gambling and entertainment will meet at the fullest.
195  Alternate cryptocurrencies / Altcoin Discussion / Re: What's Your Take on Celebrities Backing Memecoins? on: June 06, 2024, 06:48:46 AM

Hi everyone, I'm asking because I've witnessed a memecoin named MOTHER, which is backed by Iggy Azalea, go from a $100k market cap to over $100M in less than 7 days, with the potential to even hit $1B, in my opinion. That's amazing and electric if you ask me.

Did you follow this meme coin? What's your opinion on it, and do you think we'll see more memecoins backed by celebrities?
Thank you for bringing this on board, it's indeed concerning. As we know it, memes are for momentary expression, they have wider meaning and impacts in the crypto world, so there is no issue with memes themselves. But for the aggressive ways developers and brains behind the mem projects at large are taking it now, one has to be careful, the desperation is getting higher. Although anything can work or fail in the crypto world, that's the cryptocurrency world for you, which is why we should do our due diligence research.

However, the project that has moved from $100k to $100M may not fail again, it will enter its launch stage. But after that, who knows if it is a rug pull? We can't trust anything 100% especially if they are being advertised at unusual places or influencers are now taking it so seriously. They could have been paid, do you now think that those who paid many outlets to achieve such popularity will not find means to make their huge money? That is the issue, but it is not particularly true as they may have their good plans beyond that.

Nevertheless, it's just a concern we are showing, it may not necessarily happen. As for me, I will be very careful about this one and see how things unfold over time.
196  Economy / Economics / Re: Better Money: Gold, Fiat, Or Bitcoin? on: June 05, 2024, 03:33:25 PM
Listen what this Austrian Economics / Mises Institute author of a book titled Better Money: Gold, Fiat, Or Bitcoin? says here:

https://youtu.be/g7vI957pg7U&t=2597

Quote from: author of «Better Money: Gold, Fiat, Or Bitcoin?»
I don't see any reason to think that the price of Bitcoin is going to be predictably higher in the future.
🤦‍♂️
Let me start with the better money remark between Gold, Fiat and Bitcoin, all I know is that we should continue to use them in the best way they can serve us. There are ways/places where Bitcoin will be the key, it could be the turn of Gold in some situations, and the same thing goes for Fiat which is the most common, popular and useful of them all.

As for the quote above, I agree with the man 100%. You see, many of you guys whom this could be surprising to may have started trading and investing in the cryptocurrency era. But seasoned traders/investors will always have a similar view to this man's opinion. And if you've been reading my take on Bitcoin on this forum, you will realise that it is similar to his. This is despite having my investment in Bitcoin, I just do not want to be blinded by it.

Bitcoin is a very good asset, no doubt, but we need to take it easy as well and let time be the judge and not be too confident about it. However, for now, as of today, it is BULLISH!!!
197  Economy / Speculation / Re: Bull run again, huh on: June 05, 2024, 03:12:25 PM
On this forum, I found out some information, and seriously want to ask it here.
What is a realistic expectation from the bull run, given  the last one in March 2021, Bitcoin hit  $61,000 and fell down to 31k about two couple of months later... It rose later on, amazingly though. But is this price fall normal in the bull run?? What is a helpful tip here.
First, let me correct you that the fall you talked about of Bitcoin did not happen in March 2021, the market ended positive in that month. What you wanted to quote started in April 2021 when Bitcoin almost hit $65,000, before it slipped back to selling which lasted until July of the same year. Even though July ended positively, it never started positively.

Regardless, the market is funny, and even in the middle of a bullish market, there could be a bearish correction, and even at times, there could be serious news or events that is negative to the prevailing bias. This could bring about FUD which could even attempt to change the whole bias of the market until it subsides and the true sentiment prevails again. This was what happened in my research.

Lastly, there is a monthly chart of "MagicTrend" support at $29,965 which the market tested in May, June and even July but was unable to successfully breach it lower since there was no monthly close below it. That was what helped the market to rise again until the price action became bullish over time which later helped Bitcoin to move even higher towards the former ATH at $69,000 before it eventually succumbed to the bearish cycle which is normal for Bitcoin after every successive bull run.
198  Economy / Trading Discussion / Re: Trading is not a lifetime job. on: June 05, 2024, 02:44:12 PM
I'm sure not all traders will agree with me but some could possibly be on my side...

Here are the reasons why;
 1. It is quite stressful - old traders will soon give up due to mental health problems
 2. It is not enjoyable anymore - nobody will stay long in a job that they no longer find themselves comfortable with especially if you are not earning well.
      Most of the time we feel this during bear season.
 3. Trust issue due to Scam growth - traders never find it safe to use exchanges, even big exchanges.
Oh, bro, I am glad you naturally have reservations about what you alleged. As for me, I am surprised about what you wrote concerning trading because most of them are particularly not true. Fine, trading is risky but today, there are a few who could tell you categorically that they do nothing for a living other than trading. In that sense, what is that if not their job? This is simple and practical. I know a few of them that are traceable trading alone and they are very living fine. Not only that, they are living large and some are adding other businesses to it to be impactful in life other than trading alone. The internet should be able to tell you a few as well, and if not for my side hurtling now that can't make me say it with all confidence, I should be a testifier to this as well by now in my little way. I have survived with trading for almost a decade, there are challenges though especially if you are from a developing country, but overall, I am very sure that trading is a job for some people, but a risky one for that matter. That's the issue.

However, below are my quick responses to your numbered claims;

1. Trading is not stressful and you have your choices. You may be a short-term trader in which day trader is inclusive, a medium-term or long-term trader. With the latter two, you will not even know you are doing anything. However, retirement is certain at a point if you want and it is not peculiar to trading or a certain age.

2. Trading is ever enjoyable to those who know it very well and earn from it. But if you are such that has it otherwise, then it is not for you and it is never by force. "Trading is not for everybody."

3. This is why you partner with the right company. It is never an issue as well.
199  Bitcoin / Bitcoin Discussion / Re: Exposure to bitcoin at young age on: June 05, 2024, 02:21:15 PM
Do you think that exposure to bitcoin at an young age is a good thing in general ? I feel it should be taught based on individual personality and not to very young guy. This is because all young guys might not be responsible enough to invest and track with patience at young age. However, those who have the required patience can make very high returns on their investment by investing at an young age. So, which side are you in this aspect ? Do you feel that all young guys should be informed and educated about bitcoin ? 
For me, I do not support young people investing but their parents or older friends or relatives may do that for them. This is not because the investment is bad for them, but first, they are not of the legal age which the law frowns so much at, and secondly, they may lose focus on their education and other useful things in life if they start investing and controlling it all by themselves at the very young age. And as we know, investment is risky and could be very dangerous at the same time, this is aside from the fact that it's addictive just like gambling, so it is for a very good reason for the government to have barred them from such activities until they reach adult age, we should respect that.

However, if I have my way, it is until they reach the maturity age that they should be allowed. You might ask, what do I mean? But truly, reaching 18 years of age doesn't automatically qualify a child for maturity. The child will have to prove the maturity through thinking and doing. Above all, anything risky should be well-tabled to these young children at the same, and with the right education and explanation, they will be able to know the pros and cons and act rightly at the right age.
200  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins that you trust most on: June 05, 2024, 09:18:06 AM
My investment investment now is only in Bitcoin but might be diversify or extend my investment to another projects but not now. The altcoins are still under my watchlist. And I will invest when altcoins market is interesting me to invest as for now they are not. Let me focus on Bitcoin for some period and when the altcoins move upward to the stage that is good to invest and I have interest to invest then I can do that.
Ethereum as others have said it would have been the good altcoin to invest but it is not doing well for now.


Also, I see your second option which is Ethereum as moving around a circle, as Bitcoin and Ethereum will always be moving in almost the same way. They will earn almost the same multiples of income for you or make you lose in that same magnitude as well. This is why I have Bitcoin in my arsenal and avoided Ethereum, but only invest in altcoins that do not have many similarities to Bitcoin when it comes to the way they behave during their selling and buying times. Although, I trade Bitcoin and Ethereum all the time on the futures market, but on investing them, I am so careful not to waste my time while my money is being wasted with them when other altcoins are seriously performing well. What a waste would that be.
I was also all about Bitcoin, investment alone when I first entered into the crypto space, this is because I was cautioned about the risks of scams in altcoins. But now that I have increased my crypto knowledge, I can make my own research and invest in profitable altcoins because as an investor I should be profit-oriented, and it's not too profitable for all my funds to be in one cryptocurrency. Bitcoin is undoubtedly the most reputable and trusted cryptocurrency, but there are other cryptos that have also built reputation and trust in the crypto market, which will make investing in them a good business decisions. Despite what Ethereum, is at the moment, it remains a very trusted crypto coin.

The altcoins that I trust most is Ethereum, at the top, BNB Solana and Shiba Inu, I choose them because they're still relevant in the crypto market and I believe that they have potentials to be bullish in the alt season. Then there are other numerous projects in the market that can give profit on the short term, but investors needs to understand that investing in most of them are gambles, so DYOR.
That's the spirit! Diversification is key in investments, especially at this time when the price of Bitcoin is heavy enough. We should think of how we make more money (but also in a safe environment) rather than believing that it is Bitcoin alone that can do it. Those who have been diversifying their portfolios since last year who know how much they make in multiples of what Bitcoin long-term holders have made, which is the gist here, it is all about the money unless we are deceiving ourselves.

However, my situation was a bit different from yours when I started investing in cryptocurrency, and as a matter of fact, I joined Bitcointalk before I eventually started with crypto investment. But I've known about cryptocurrency for many years before then, and if I am correct, I have known cryptocurrency since 2013 or even before then but I never invested, I was just using it as a payment system which I still regret today. When I started the crypto investment, I was only buying Bitcoin for months, which was the aim though. But later, I started diversifying when the price of Bitcoin was high and discouraging to me enough, I think this was smartness and I have never regretted my action till now.

Before I go, just some advice, you need to look lower than the top-rated coins to maximize your profits, the world of crypto is evolving gradually. So to make more money, you might want to try the popular Memes, Defis and newly introduced L1/L2 projects. I also like you to focus on TON projects, I think Notcoin has paved the way for that.
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