I have tried to think what goes through my mind when ever I am trying to place a bet. I think something strange do happen to me and that is I always have this thinking that what if I lose, how am I going to feel! I have never want to lose in my mind I want to win always but I think this is impossible. Gamblers here did you always want to win all your bet? If you win all how will the gambling company makes profits?
Gamblers mindset is to win in every game. Because I don't think a gambler will think of his lose. Of course they wish to win every game to profit for a purpose for the benefits of their love one and family. This is the fastest way to fail at anything not only gambling no one wins every time, not even the house wins every time they know they do not need it, they know they need to win more than what they lose and with the odds in their favor that is going to happen almost every time. but for the house, I think if the house is loose in one game, they have another chance to win in the other games since we know that in gambling site, there are not only one game that available on that site. and in every game they have, they have each opportunity to win and collect the money. but for the gamblers, they only have one chance to win the game, although they play in many games, they still only have one chance to win. From this perspective, I don't think there is a big difference between a casino itself and its gamblers. Gamblers can also play many times if they don't stake all at once. It is just that a casino has odds skewed in its favor a little. But to take advantage of this, gamblers should play a lot of rounds. And then whatever amount of luck they might have, eventually it will be overridden by the house edge. To say it differently, everyone has another chance, but in the end a casino always has an extra chance over the gamblers. Uhh, playing a lot more rounds is what the casinos want you to do! Statistically speaking because of the house edge, the gambling game is actually negative EV. What does that mean, it means that each time you play you have a negative expected value in the long run. Which further means that the longer time you play the faster you will reach infinity and in that time frame you actually will end up with nothing. |
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I think its because maybe they are looking for something different or want to try something different and at the end, they end up been scammed. And in some way we may want to mark it as been greedy; if one is using a particular casino and it is good, with good payment , excellent support and fair games, why will they want to try another one? Its just the cause of wanting more. Any player that us jumping from one casino to another has a very good chance of getting scammed and its nobody problem if they do because they brought it on themselves.
I guess so, because sometimes it really gets repetitive and that we just get bred playing the same thing over and over again. I do think more unique casinos should open up, just to spice up things a bit. Games like bustabit and bustadice are really refreshing when you get tired of the ol' slot games. Though they are something like just dessert where you don't really eat it every day or every meal, but just when you want to wash the taste of the food from time to time. |
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What will you do if after losing several times in gambling, you are left with only small amount of money and that money will be for your fuel or for transportation, will you still continue with the little you are left with? What if you lose?
If I'm in the situation will probably not continue when I loose 3 times because that is a signal of unlucky day. Why did you let yourself loosing money and being left by coins and still think to gamble with your small money. Wake up! its not your day to win, this is how gambling works too risky to keep on gambling at a broken day, you better go back next time or stop gambling anymore. Do you really believe that? What if you are betting on a 1% chance to win? For sure you will hit 3 losses really quick. Please do not use the number of losses and wins as a way to determine a lucky they. Actually there is really no way of determining this. There is only chance of winning and your statistically chance of getting the right numbers. There is no such thing as a "broken day." |
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Losses in trading can be minimized and can be longterm option. While in gambling, luck is urgently needed while winning doesn't always come everyday. And this is what makes me more interested in trading than gambling.
I do gambling and trading but not on a regular basis. Gambling for me is a quick way to try my fortune. While with trading, extra patience is required so that I can get maximum results. of course, gambling is depend on you luck to playing in gambling. trading is better than gambling. Trading is needed an analisys, but gambling is all about on luck. Well you still have to have luck in trading, there are times that you might end up buying a coin that will dump just because some pump and dumpers are beginning to move. It happens. Like some people shorted DOGE coin when prices were at 30 sats each, who could have predicted that it would pump to 110 sats as its ATH for that period? That was just pure luck for those people that bought DOGE. |
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I think provably fair should be renamed to something like "True Fairness" or "Verify Fairness". Provably is barely even a word in my opinion.
I think "verifiable fairness", is the most descriptive. But the term "provably fair" is so well established that I don't think there's much upside in rebranding it. Yeah, it has been thrown around in almost every casino I've been since I started gambling with cryptocurrencies. However, I would agree with oracleongoodbye here (though not about the word "provably" since I can't really find any truth that it is not a word because from a quick google search it almost always comes up in dictionaries that it is an adverb of the word "prove"). I agree with the part about renaming it because exactly of the fact that it has been thrown around too much and has not been taken seriously by casinos. Probably, the best thing to do is the CGF should create it's own branding that would specifically say that it has been reviewed by CGF and that brand means like a certified seal of authenticity of sorts. Then this should be verifiable as well in the CGF website probably through a list of casinos that CGF has given its seal of approval. I think 'provably' is slightly confusing because it looks and sounds too similar to 'probably' (which isn't good) and people are often not sure how it's even pronounced. It's obviously pronounced 'proove-ably' but I often hear people say it as prov-ably which just leads to confusion (because what the hell is prov-ably?  ). https://en.oxforddictionaries.com/definition/provablyI think a rebranding would be helpful but you could just start referring to it as provably fair / true fairness or verifiably fair etc and see if one of them catches on along with provably or if its use even surpasses that of provably. If this foundation pushes one of them I soon think the phrase would catch on and could become a mark of quality/trust. Provably is was likely coined to make full use of the "prove" word, maybe. Can really say for sure. Most of the links I found on google just related it to the word "prove", I can't really find any real reference to it being an actual word though. I would still push for the CGF to have its own brand or seal of approval. I believe this is a revolutionary move for the gambling industry and we should move away from the past so we can move to a better future for gambling. And having a rebranded way of marking a website as truly fair, is something, which I believe, is mandatory. Imagine that you can go to a gambling site and truly trust the seals you see on the website. Unlike what we see right now, that every gambling site throws the "provably fair" seal around like it's nothing. I hope to hear from the lead members of CGF to be honest, and know their opinion on it. Every site that has been reviewed and aproved by CGF has the seal in their footer. Oh cool, I just realized when you said there was such a seal. Then I got really no other complains about the seal. However, from the other thread I've replied to, I would like now to push for CGF to disclose who the members of the committee that reviews the gambling sites. It is paramount importance for people to know who really are the people that are reviewing these sites. Because if CGF really gets traction and it becomes a trusted review agency, we should really know how the process of review goes and who reviews it. Because if CGF is controlled by just one casino then they will have a control over the industry since they can approve or deny any casino at their will just to eliminate competition. I'm deeply interested in this project and I do hope it succeeds. Even if this is a centralized entity, it is still good since gamblers trust their crypto to gambling sites and someone should protect the gamblers. |
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Gambling does allows people to have the opportunity to be rich overnight, but of course the risk is much more higher as compare to trading or other traditional investment. I have indeed seen with my own eyes on a few gamblers becoming rich overnight by hitting a big jackpot in gambling.
But only a chosen few can actually monetize on this "opportunity" as you euphemistically call it. The rest come back shorn to their tight cubicles and noisy bosses on Monday mornings. So if you hit a huge jackpot and do become rich overnight, you should consider yourself an extremely lucky person. Or you can be happy with what you've got and gamble occasionally with your pocket money. If you have the chance to win at a 1% chance that would give you a multiplier of 99 of your bet, that is already a great win but it doesn't make you instant rich because it will depend on the bet that you have. For example, you bet only 0.0002 on that that's closely near to 0.02. But if it is 0.002 that is already 0.2 that makes a lot of difference. But this is exactly what I'm trying to convey here! If you have a 1% chance to win, that gives you only one man in a hundred who will become rich at these odds, while the rest of the gang will definitely lose. In real life, when the stakes are high, only one will make it into the wealth, the chosen one, with the others biting the dust for lack of luck. Would you want to take advantage of this unique "opportunity"? That is a bad example. Nobody becomes rich by winning a 99 to 1 chance, unless that person is betting too much, in which case he will go bankrupt 99% of the times. The vast majority of players dont bet that much. Second, if odds are 99 to 1, the casino is always going to pay you less than 99. And finally, when people hit a jackpot end up losing the money by betting again. Some even lose it the same day, That is too true, 1% chance to win is will not really generate you money in fact you lose more quickly. First off, you will lose in the long run since you are really playing against the casino which has a house edge. Also, in the event you do win, then that is the time to cash out. If you made profits, quit already. There are so many gamblers that won something but in the end lost everything since they got greedy. |
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Please share which casino accepts Bitcoins?
The best online Casino should have the following features: 1. Transparency 2. Honesty 3. Backed by Real Owners 4. Traceable 5. Registered under law The Vegas Casino is the one which has all the features. Vegas Casino offers players an industry leading online betting and online gambling experience that is second to none. Well Primedice and Stake also now have all those features. We recently got licence under Curacao Egaming you can check it out in the footers of our sites. Also thing to look out for in bitcoin casinos is if they are Crypto gambling foundation verified. Only real provably fair and proven casions will get that. But, generally primedice owns the cryto gambling foundation. If your site was approved by CGF, then this is like "liking your own post in facebook". Correct me if I am wrong, but so far I think CGF has been just dominated by primedice admins. Maybe to make it more reliable and fair to everyone, it should be represented by not just people from primedice but also others. But it should not just be from leading gambling sites, but also other people to make it versatile and out of question there is no collusion from the leading gambling sites to practically control the industry because of the "CGF approved sites" sort of thing. |
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What will you do if after losing several times in gambling, you are left with only small amount of money and that money will be for your fuel or for transportation, will you still continue with the little you are left with? What if you lose?
For me l will not continue because what if l can't go home if l lose that last money. But when l go home there's another chance to go back in gambling site to recover my loses.thats the time for me to get ready to hope for a lucky day of today.But gamblers are not they same thoughts L don't know about them of what they decided. Maybe if l can lend a money at that time I will continue hoping to win back my loses. That is the best thing to do, learn when to quit. If you lost everything then don't risk your only way going home, unless you want to walk your way home. Well nothing is really wrong with it if you are just gambling online since you are already home or when you live just outside the casino, then you can just gamble even the transportation money. But really, it is about self-discipline. |
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Pretty interesting, I guess it would be on a case to case basis or should I say site to site. Since this will really depend on the circumstance of the person and the policy of the gambling site. It will really be hard to say if the owner did die or if someone was just able to hack the account and pretending to be the family of the dead gambler. It will really hard to say especially that there is no KYC on 99% of the cryptocurrency gambling sites.
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gamblers should understand one thing when they gamble there is always a 50:50 chance of winning or losing somehow it's about luck though as much as gamblers want to win they cannot prevent losing in any game because if all gamblers will win how can a casino earn from it. The only thing gamblers must have is the positivity and believe that even if they lose some other rounds at the end they will still win and get good earnings
You are wrong about the 50:50. In reality, the value is not equal because the casinos have house edge. As the gambler, you have a bigger chance of losing than winning exactly because of the house edge. That means you are certain to lose in the long run. So if you do profit then, you should really consider cashing it out already. |
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Gambling with altcoins (DOGE and LTC) has been my alternative whenever I see a drop of price of altcoin. So instead of selling them at loss, I just transfer them to my account is Bitsler and play with them for a chance to double or multiply the amount of altcoins that I hold.
What's the difference? You are still gambling, it's like when you lose on trading you immediately go to a gambling site to "try" and get back your money. Which is supposed to be a sin to any trader. This is the primary reason why yobit incorporated a dice game on their trading site. For people like you that tend to gamble after they lose on trading. You should really reconsider your options when you do this. If you want to just gamble, leave trading out of it. Buy alts and gamble, don't trade and gamble your position. |
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As I already stated, I am more than open to further investigation and making this investigation as transparent as possible. But I would really need a player to contact me and provide some more details. I am here all the time and you can reach me in PM.
I am guessing that most likely happened is that this user was using the same username and password as he did for his bitcointalk account or his bitmain account and hackers tried accessing his account and were successful. The amount of people who reuse the same password is astonishing. Whats even worse is that some people use the same email password as they do for their crypto services; which is bad because it defeats 2FA if its active. Most sites if you have access to someone's email, you can easily reset the 2FA. I do not think tha 2fa can easily be reset. I believe you need the input generated from your mobile phone (if we are talking about the authenticator app) unless you are using the email authenticator which is actually not advisable due to the thing you stated. I'm definitely not talking about some email authenticator, I'm talking about the one you need on your phone such as the Google Authenticator. In order for someone to reset that they'd need to have access to your phone as well, and if it has gone to that well then you are fucked no matter what  .. It is probably the most safe you can be right now, that and regularly changing your passwords, all passwords over email accounts and website accounts. True, and I believe 2FA is now the industry standard in securing anything online nowadays. I think it is a good protection. The only way a hacker would be able to hack an account is indeed access to your phone (or whatever authenticator you are using), or he needs to social engineer the support so he can reset the 2FA. Both of which are extremely hard to do, especially if the sit has good policies. Though sometimes I just hate using 2FA since when I don't have my phone with me then that means I can't log anything in. However, I don't want to use an authenticator that is on my pc because if my pc is compromised so is my passwords and the supposed third layer of protection which is my 2FA. Maybe someday someone will think of a better alternative to 2FA that won't need another device or a software which is on the PC itself. I read about yubikey, seems promising since you can use your thumb print to use it on some sort of 2FA. |
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It could even exceed it, since this is just about 150% increase from $10,000. It would probably even reach about $50,000 before the year ends since that would be just %500 increase. However, this would not just happen over night or just because it is bitcoins. It would happen only if bitcoins would upgrade its protocol. Right now, nobody is happy about the current situation of the network. High fees and slow transactions would prevent bitcoins growth.
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Bitcoin needs internet to survive.internet is the most important thing everyone it's not possible to use bitcoin so using bitcoin in offline marketplace like offine currency.for translation and use it internet connection is must be needed.
Well yeah you need internet, but that would be something constant in the future for sure. I do think in the future, cryptocurrencies would be the next fiat and it would replace them. Since the world is really transitioning to electronic everything then the possibility is endless. Likely money will no longer be physical but digital. You won't need to carry a wallet nor cards, it may just be implanted on your arm or something, who knows. |
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I've bought a license to Haasbot a couple of years ago and I was pretty happy with it, their licenses aren't that expensive @ 0.035 BTC for a beginners one. I think I'd made a total of 0.05 BTC profit in the end, but I felt that it would have been more useful for me if I had more technical knowledge of how the algo's worked. Check it out for yourself here: https://www.haasonline.com/pricing/May i ask if you are still using the bot now? I'm thinking that if these bots are actually profitable the why isn't everyone using it yet? And if everyone started using bots like these wouldn't it mean that it would no longer be profitable because the trading pattern would already be so obvious to non bot users? Personally i'm skeptical that a simple bot without any form of AI can earn 0.1 in BTC, especially with how volatile the market is. One bad trade and you could already lose a lot even without bots. I am thinking to purchase too, but I cannot purchase since it really costly a lot, and I don't have yet enough fund for it, I hope that I can purchase it soon, so I can start and can change my life just like others. I have some friend here in our country who bought bot the time the price of bitcoin was still low and now they are benefiting a lot. Dont forget you still need some money to trade with and you might loose it all under certain circumstances like bear market or maybe some wrong configurations from your side. Bots would really still need to be set-upped according on the users knowledge which it would really entirely dependent on the configuration that you would made.This is why thinking off that using bots are profitable then i dont think so. I agree that some of them do have high prices for rich people then those amounts wont be nothing but for us casual traders which do have average money on pockets will surely hesitate. No matter what set-up you do with it, it can never ever predict every rise and fall of anything. It is not a magically machine that can predict the future, it will still have its flaws and could probably lead to losses. First of, most bots will never sell unless you set a certain percentage loss on the coin it bought. However, problem is, if for example you set it to sell once it loss about 20%. This becomes a problem, since in crypto, a sudden 20% loss is normal, so it could potentially lose you money. |
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Hello,
is there a stock exchange with dynamic stop loss?
E.g. Bitcoin is now about 10.000 . If you set market limit to let's say 11.000 you gain 1.000 . But Bitcoin might go higher, like 12.000 so you would miss out.
I would like the stop loss limit going higher with the price and stay say 5% below. So, for 10.000 it automatically adjusts to 9.500 . If the price drops below 9.500 than sell. If the price goes up, hold and adjust. At 12.000 the limit adjusts to 11.400 .
Is this possible with some kind of dynamic limits or is this rather a trading bot material?
Your best bet is using a bot. However, this is really a hard thing to do, since what if the prices do not really reach 12.000 ? And it just stops at something like 11.100 then just sharply drops back to 10.000 ? It would require a trading logic and that is what bots do, but no bot is perfect and is still an investment. It could make you profit and it could sell at the peak, but it could also not sell at that point and make you lose. |
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the trolls told me to invest in SecureCoin. I checked and the SecureCoin website was down, however the Block explorer was still up. I didn't have any confidence in the coin, but the sheer volume of trolls telling me it would 50x made me believe. I said how could 10 people be all lying to me. Also, I was fueled by greed and desperation, my whole life I've been poor and bullied by society, and I said to myself this is my only opportunity to escape my personal hell, by being rich.
So I dumped 90 bux into SecureCoin and watched as it flatlined, instead of 50x like they said it would. Do you think SecureCoin will ever go back to its original price or higher so I can ever get back my money? Or is it gonna flatline for the rest of eternity?
What is that coin anyway, you got tricked by 10 accounts by the people that are pushing for securecoin. No by 10 real people. To be honest, you should have done your due diligence when investing in anything. Good thing you just lost $90 and nothing more than that. Some even lost millions just believing one altcoin. It's the hazards of investing in crypto, but some will make multi-millions when they invest into the right coin. |
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I think it is the best time to buy as the prices went pretty low and right now it is still very low. People just started to buy back bitcoins, likely the cause of the pump back in december was because of the bitcoin futures, probably a very wealthy group or person or business placed a bearish order and pumped bitcoins that time to probably get so much bitcoins to be dumped in the future (today). They likely bought at below $10,000 and sold everything above it, which caused the prices to go down very much. End result, they win the futures and they were able to sell the bitcoins they bought above what they spent, double win for them.
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It was a scam from the start! They were a ponzi and they were not able to prove that they weren't. I am even surprised a lot of people fell for it. Call it what you want, but I think it is still a shady business.
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What's the point of paying what you lost?
Example:
Retrieve 10 ETH
Pay 10 ETH
You receive 0 ETH.
Just a wasted effort.
To be honest with you, this is already a lost cause. Even if you find out who scammed you and paid less than what you lost, what's the point? Either you break their legs (cheapest option) or file a case (will probably cost more than what you lost, not to mention the high likelihood that the scammer is not within your jurisdiction).
The chances are, the scammer is good at relatively hiding and covering his tracks and will take a lot more money to really find out who he is. We're talking about FBI level shit here.
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