Well, good luck I hope you win and I win that $20. LOL. Though seriously, you should not aim for doubling your money, it most of the time leads to a lot of problems when you get clouded with the thought of doubling your money and you get careless. Just stick with your game plan and you'll take profits. Don't mind the profits too much, just keep on playing it the way you plan it to be so you do not stray away and end up getting emotional and be haphazardly. Again, good luck and may you be able to predict the games well! |
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What other coins you guys think can be viable option for crypto based casinos?
With high network congestion on the Bitcoin network, it is safe to say I would be preferring Ethereum as the best coin for gambling. It is already being accepted in almost all major casinos which makes it an ideal replacement for Bitcoin in the gambling sector. Raiblocks is another coin that have no confirmation time and zero fee and I think it will be accepted in some casino soon because nobody wants to wait for hours to get confirmation and pay high fees just to move coins in and out of the casino.
This is another excellent altcoin that can be accepted by casinos as it there would be no fees involved I deposit/withdrawal of funds, making it all the more viable. I really hope a few casinos will step it up and add XRB. Ethereum has high fees though, you need to pay as much as $15 already per transaction there. So I think that's out of the question now. Although, it is still quick so that is a plus for that coin. Railblocks though are pretty new to me and I have not much info on how it works. But generally all altcoins work the same anyway in terms of how you use each (send, pay miners fee, receive). So I think if XRB are the same, then it could be something plausible to use. However, since from the historical price of this coin, it seems it has relatively jumped from cents to even $30 each. Which, like some other said above, is not good since volatility should also be considered. |
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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. |
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Nearly every major exchange (Binance, Bittrex, Kraken) no longer allows new users to verify and begin trading, due to the high demand for new accounts. This high demand makes me believe that the market isn't crashing, but rather going down since it's very difficult for new investors to enter into crypto investment right now due to these exchanges. Do you think this is the reason for the current downswing? Or if not, what are your thoughts?
It's the FUD and fake news that's driving the market to go down. I dont think temporary disallowing new registrations will have an impact in the market but, it may if the exchange who announced that they will stop accepting new registrations is because they are having trouble in paying out. Backlogs are the reason why they cant accept new registrations is not a big issue. Partly true, also those restrictions are not the cause. It could never be. The main reason why there is a downswing is because there is really a lot of congestion in the network of bitcoins and that is causing the market to go down. People are getting frustrated using bitcoins and because of this they are moving to alts like ETH and XRP. However, the problem is XRP is just a hype coin and will likely fall down once people come back to bitcoins. But that would only happen if bitcoins gets an upgrade and is able to coupe up with the every increasing number of transactions it gets every day. |
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Fried chicken chain KFC Canada is accepting bitcoin – for a limited time and for a cryptocurrency-themed bucket of chicken, that is.
The limited-time marketing move sees the Canada-based chain advertising “The Bitcoin Bucket” complete with a Facebook-based live-tracker of the standing price for the product, which works out to roughly 20 Canadian dollars depending on the exchange rate with bitcoin.
That said, you can’t exactly walk into a KFC location in Canada and pay with crypto at the cash register.
Instead, the company is accepting Bitcoin via BitPay as one of the options through an online check-out page. The Bitcoin Bucket will be delivered directly to the customer’s address the (the product also carries a $5 fee), according to the check-out process on its website.
Guess this was the reason. I thought they were already accepting it in stores everywhere in Canada. Like you can just bring your phone and pay with it, I guess it's still a far away dream. Though it is still a good progress for bitcoins and possibly this was the reason why bitcoin prices spiked a few days ago (not so sure though). If KFC sees this as something good, for sure they will keep this option and probably expand this all over the world if possible. Maybe our dream of a world where we can use bitcoins everywhere will become reality someday, but probably not this year as the governments everywhere has been quite hostile against bitcoin use. |
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1. If the bitcoin protocol is upgraded to a scale-able solution
2. If the governments accept bitcoins and not be hostile to it.
Definitely this... IF this ever happens then BTC will consolidate as money and a new economic era would be settled Well yeah, the second option will likely solidify/consolidate the stand of bitcoin into a currency of the world. But that is far from happening, I guess. But it if it does, maybe the price could just to at least $1 per satoshi since the demand would be like seven billion people wanting to get a hold of a bitcoin. Due to the sheer number of people wanting it by that time, I don't even know how congested the network will be. Probably, bitcoin unlimited would again be revived, who knows, we can't even get out of segwit2x. It will likely be a distant reality. |
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- many might get into new casino because of large first deposit bonus those new casino offers to their early members.
- some might deposit small amount to try out game in Hope of finding alternative casino to play in when their favorite casino get down.
- some might want to try new platform just because of curiosity.
I go with curiosoty just a mere fact of trying how the service works and how it goes in terms of their game targets, casino somehow have some pattern of their game but not to the point that it was noticeable, we sometimes see it when we keep playing and if knew it we wanted to play until we win, and once it change we try other casinos again, until we stick to the one that really gets our trust and interest. I think people want to try their luck with new casinos because they already lost in many casinos so they need some new places to test it. the other reason is they want to know what games that available in the new casino and if they like, they can come back to that casino. I think they want to test the games first and they can invite their friends too to play together. usually, for a new casino, they offer a gift to their customer so the customer can enjoy staying in that place. What's the difference? You will still have the same luck if you move to another casino. The reason is that if you move to another casino there is nothing changed unless you have been playing on a casino that has been cheating you since the start that is why you have kept losing before you move to a legitimate one. Or maybe you moved away from a casino with high house edge, that could change the changes you win and lose by a lot. 1% house edge doesn't look big, but if you continue with this for a lot of games, that will affect your chances of winning a lot. Likely people are trying new ones for other reasons, maybe for promotions or just to try something new and fresh. I think it's pretty refreshing to see new sights. |
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We can make this happen, but most of all people shouldn't be getting themselves more binded to play gambling as a sources of their profit. That's why most people who think critically doesn't accept this kind of activity a form of recreational activity, besides they've been having an impression of money wasting.
You cannot. Because gambling takes no brain, no skills, nothing required to play it. It is only about luck. If you want to be a successful athlete, you need to practice. You need to educate yourself. To be a successful gambler, all you need is luck. That is too much to say that gambling takes no brain or skills, we have some professional poker players that use their skills to win. I concur that some games are only based on luck but there are other games that will test your knowledge and skills But for the topic I do not think it's going to happen, gambling has been seen as a bad thing for centuries. This quo-notation has been influenced by religion, media, etc. There are things that we cannot change and I think perception in gambling will not change. some people are using gambling as their recreational activity and they don't think too much about to win the games. all they want to do is to enjoy the game, they don't expect to be a winner but if somehow they are winning, then they will consider this as a bonus for them. I have seen a person that only gambling for searching a fun and I take a look in his games, he play a poker too in facebook and he makes a lot of chips but he doesn't think about selling his chip or cash out the chip (if he can). he wants to use his time with his friends in the table and he can control his emotion while he does not win. I do believe that recreational activity will always depend person to person. Remember the poker is a sport just like chess and even nowadays computer games. So we can for sure consider gambling as a recreational activity, as long as the person is actually entertained and does enjoy the game it should be considered as such. Although, not all gambling games should be considered, something like dice, slots, roulette and other ones are completely out of the question and they are not recreational and just purely gambling. |
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In an encouraging series of events Goldman Sachs claims that Bitcoin and other cryptocurrency has a viable future as a form of money, KFC Canada starts accepting Bitcoin for buckets of fried chicken, and the state of Arizona has proposed SB 1091 which will allow you to pay your taxes in Bitcoin.
Seriously? You think fried chicken will be the start of a new all time high? Will it be enough that it will go up so much? Remember that current prices is at 13k - 15k USD that would mean that you need to increase the price by about $7,000 to get to a new all time high! Stop being delusional and forget your fried chicken bitcoin dream, it will not be the one that will pump the price to a new all time high. There would only be two things I can think of that would pump the price: 1. If the bitcoin protocol is upgraded to a scale-able solution 2. If the governments accept bitcoins and not be hostile to it. KFC will not be the key we are looking for. But at least I know I can go to Texas with my bitcoins and buy KFC. |
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Try localbitcoins probably it is available in your country. I think that's your best option since for sure there are a lot of traders in localbitcoins that can buy your bitcoins piece by piece and eventually be able to sell everything if in case you have so much that it is hard to sell everything. But if you are talking about something less than $10,000 then that's not really a problem. I've had experience trading at that level and I only had to talk to one person, though that is not in Romania, so I am not so sure. You should probably try to talk to one of the traders on your localbitcoins area.
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Right now I would say that it will be good to invest in ETH, like some others has recommended here. It is quite a good investment since ETH has been one of the most developed coin in the cryptocurrency scene and has a lot of plans for this year. I am not sure though how will the community react to when the time comes that it shifts from POW to POS, whether it would raise the price or it would drop everything down due to the fact that we should remember that the Ethereum Foundation practically holds shit tons of ETH in their reserves which will result to them being the biggest miners in case POS is implemented. However that will still take a long time, probably it would take more than a year to happen. Before that time, I think prices could even triple or quadruple due unless Bitcoins upgrades itself.
Ethereum is the good choice of crypto currencies to invest because this coin having high potential and possible to touch the position of bitcoin in the future. other than that the amount of this coin is affordable for many users, not like other crypto currency even bitcoin. I prefer to go for lower capped coins that hold real potential, Ripple I will never touch because I don't agree with the centralization aspect of the coin, and I think Raiblocks is actually a much better coin than ripple, plus is it truly decentralized. I would rather have a 43% stake in Raiblocks than Ripple for that reason. Like I mentioned, I will diversify my portfolio into a few more top 10 coins, and Ether will be one of them. If anyone is reading this and is unaware of Raiblocks, Oyster Pearl or Enigma, I suggest you read into them. All very insteresting projects that could have a big future. I am aware that it is a risky game I am playing, but I feel confident I know what I am doing. I Hodl'd my BTC through thick and thin for 4 years before I was happy with the return and am happy to do the same for the Altcoins I believe in, I agree a little diversification will make my portfolio "safer". Just to be clear as well, I am 100% believer in blockchain technology and even if I were worth $600,000,000 I would still have large stakes of my money in crypto, as I think it is the future. Oh and for anyone that commented saying I don't sound a newb to the forum, I am not I hold a hero member status on another profile, but I wanted to be a bit more anonymous when talking about a delicate topic like this  I agree with the opinion about XRP, right now I believe the price of XRP has been mainly driven by the its hype and nothing really about the project itself. People moved out of bitcoins right now as a normal consequence of its recent incredible price pump and could not have sustained itself at that price level. Another factor is that the problems with its network as well as the fees has driven off a lot of users. Probably bitcoins will pump by the time a fork is again introduced. Railblocks has been indeed interesting, I've read about it since last year, though I never thought it would grow this much. I was looking at it before at the price of $0.14 and it has grown about $30 a piece. I wish I invested in this too back then. |
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While traditional bank/investors works, I was wondering what you guys/gals think of bank less casino. This can be combined well with offer walls as well, but than people probably shouldn't be able to deposit, only withdraw.
So say someone deposits a buck worth of crypto or earns a buck with videos/surveys etc, they can convert it to 100 000 points and gamble against the bank which is made up of points, if they want to sell, they have to put it up for sale through cashout, and the next person who needs points would buy it from them. If no one wants to sell, than site could sell at that price, but people can't sell to the site.
So it's like a trade order system but the order is locked at 1 usd=100,000 points, and you can only buy from bank. Edge less or positive edge games could be explored, also coin flips between people or even difficult arcade style games where you pay to play a round and what you earn before you die is yours, difficulty can be adjusted to make it close to 50% gambling, but if some are really good they can earn a little more. Or anything else really.
To pay for the site and potentially profit, some kind of cashout fee or percent needs to happen. So say you buy points and immediately sell them to someone else for the same locked price, you would get 98 cents instead of a dollar, or like 2$ bucks and min 20$ cashout, depending if it's micro stakes or normal.
Anyhow thanks for reading this nonsense, What do you think, is this possible?
My answer is maybe, but it would probably cost a lot of money to set everything up, running a reward site alone is not cheap, running a game site with lots of traffic on it's own is not cheap.
From what I gleaned from your post this is what you want to do: 1. Create some sort of Offer/Reward Website (PTC, Rewards, Promotions, Points systems, etc.). 2. The points earned will be in the account. 3. You can gamble with the points. 4. Double or nothing for the users (sort of, since it's gambling). 5. Trade the points against the bank (this is where it gets blurry) You said you want a "bankless" system, were your referring to the financial institution or the "house bankroll"? Because that is really two different things. From your discussion, I think you meant that the users can exchange the points to fiat using the website itself. Which means there is really no conventional financial institution involved, but merely getting the money from the website itself by converting the required points. I would say it is something new for Offer wall websites as they do not have a gambling feature, but it would be something good to explore as it will be something really unique. |
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LuanX3 are you suggesting that FortuneJack have an inside forum on their website? I think it is a good idea but I think what FortuneJack needs to do first is to establish a good chatting system as what to I am seeing now is it is mostly inactive and not lively. By creating a good chat box you will also have an active forum in your site. Having a global chat box where all the players in different games can chat is a good idea as well, putting it on the side as a pop-up tab will do.
It will be good if they have forum, it won't harm them but I think it will do nothing as for now. At first this gambling website has to take care of chat inactivity, people don't chat here. Once I had some questions or wanted to communicate with people but got just one answer after 1 hour. I think some chat promotions will help you, when your chat become active, think about forum after that. I do agree with the suggestion, forum is good but there should be enough active users to maintain the forum activity, it will be only a waste of resources if the forum is not active like this one. Aside from that, I have been on the site almost everyday, and chat is not that active. Looking at that point, creating a forum is not recommended as of now. Forum isnt really necessary anymore but still this isnt a bad suggestion though. Going back on the past about their chatbox i do remember those days but now its really entirely different which i do agree that they should put in some tabs or portion on where theres a chatbox with corresponding moderator to handle specially on instant queries of some players.Its actually a good idea and also you can always suggest this thing to them,no one knows if they would consider it on the future. Yes that is exactly what I am suggesting. Online chat would be good, but this will mean that they will transition of social gambling like what others have done, and I don't think that would be a good aim for Fortune Jack. Because it will be something like focused on socials not really anymore in gambling. Probably the best thing is to keep FJ as is, a good gambling site and casino without the fuss of talking to others. Maybe the best thing to do right now is to just ask the community that actually plays in fortune jack, have a poll what good new features will be nice to implement. Since the opinion of the people actually playing are the most important ones. |
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Trading cryptocurrency is partly like trading stocks. Since there are assets that you can invest in purely out of the asset's fundamentals. Meaning that because the crypto is useful or has a real future because people will use it not just buy it out of speculation then you are sure that it will grow in price in the future. The problem is that there are coins that are just plainly pumped by people and some others are dumped. Those are hard to predict. It will happen that you can probably lose or gain big amounts of money because of those pumps and dumps. The best way to learn is always to jump into it, of course.
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Right now I would say that it will be good to invest in ETH, like some others has recommended here. It is quite a good investment since ETH has been one of the most developed coin in the cryptocurrency scene and has a lot of plans for this year. I am not sure though how will the community react to when the time comes that it shifts from POW to POS, whether it would raise the price or it would drop everything down due to the fact that we should remember that the Ethereum Foundation practically holds shit tons of ETH in their reserves which will result to them being the biggest miners in case POS is implemented. However that will still take a long time, probably it would take more than a year to happen. Before that time, I think prices could even triple or quadruple due unless Bitcoins upgrades itself.
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Honestly when I was new and still very aggressive in sports betting I read a lot of books and article to increase my winning chances but it doesn't show in my record, I realized that it's really hard to win in sports betting despite the fact that there is no house edge.
Anyway, I can still say that educating yourself with this strategies would make your journey more fun, there is no guarantee it will work but at least we try.
I think we have all been there where you choose to be aggressive or just plain chill decisions in gambling especially in sports betting. It's great that you have tried to increase your knowledge knowing that you could really increase your chances of it. You would never know how much it would change your decisions in knowing the right thing to do. When I was still betting on sports I also had the same issue. I even subscribed to those paid sports tipsters at covers.com and some other famous website, they did give out "ok" tips. It was something like 60% chance of winning, which was not good enough since it cost a lot to get their service and with that profit rate, it wasn't something that was well worth the money. Also, since they also state how much stakes should you place on the game, they sometimes place high stakes on a game that loses in the end and lower stakes on a game that wins. In the end it doesn't balance out and ends up even in losses even if it was a 60% win rate. |
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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. |
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Hello, everyone. I recently opened my Bitcoin casino project, DiamondCoin http://diamondco.in/. Currently available games are Roulette, Ride On, and Jacks or Better. I welcome everyone's feedback, including what games you'd like to see in the future. Err... You only get to make one thread advertising your casino here, so you'd probably do a lot better with an introductory post that lists the features of your site with screenshots of the games and the site's UI and stuff. You won't attract many customers with just one little paragraph and no images. If you look around at the main posts for other bitcoin casinos, you can get some good ideas on how to do it. I haven't looked at your site, so for all I know it could be the next big thing, just wanted to give you some friendly forum advice.  What the hell?! This thread was like from 2011! Why did anyone even necroed this thread. I also applaud you Kiritsugu for giving advice to a casino operator that has posted this in 2011 and you did not even care to check the facts about the thread. To anyone else wanting to post here for no reason, please don't. I hope I am the last one to post here to give warning that this is a useless thread. DEAD THREAD. DO NOT POST ANYTHING. |
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Its a good way of advertising while you can earn some bucks as well , good move if you ask me. I think you should start to build a good community among your players as well through telegram channel or slack or maybe fortunejack forum. I think those will help both you and your players to communicate faster/easier than using ticket support or through this forum. Indeed you will need some staffs to handle the channels unless you can handle it by yourself. was some information leaked or how you know so much about our plans? haha  I was little bit surprised that these plans are already being suggested on here which is actually already being tend to do such thing. Coincidence? Leaked information or not but those plans would surely happen  Though I would say a forum on Fortune Jack would be something good as this is the new trend nowadays like what Primedice and Stake and a lot of others are doing. I think it's good since a lot of players would be discussing something uniquely found in the gambling site. Also, pretty great to see that FJ is further branching out its social media efforts by creating other forms of medium to advertise the site. |
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martingale obviously
What is the minimum amount needed to successfully profit off of martingale? Don't you always need some sort of backup fund? I remember reading in the gambling section somewhere that someone lost 16 straight times from martingale and they lost everything. 16x losing streak is nothing since i have experience on losing 22x on playing dice. It would totally depending on your basebet and how big your bankroll is but one things for sure no matter how big it is once long losing streaks would hit you up then expect that entire balance of yours will surely vanished.Talking on Primedice gambling site this is indeed one of the best and reputable dice site that do still run as of today and theres no doubt on that. Ofcourse we shouldn't forget to compare the odds attached to the losing streaks. It's true that you will lose in the long run. With enough experience though, you can patiently wait for a long streak by only playing the minimum bet. After that, it's common to see a moderate phase where prebets + martingale will work for a time. Hmm, this makes sense. How would you "catch" the losing streak and enforce minimum bets for that certain period of time though? Is this where the skill comes in? Well this is where the experience comes in (not skill)! Let's say you play with odds of 2. So your chance to win is 50% (- house edge), meaning every second roll should be a win (on average). You start playing with prebets + martingale strategy and it works; you encounter losing streaks of 4, 5 maybe 6 rolls in a row. Now you played for - let's say 500 bets and everything was smooth. Right now, the chance to encounter an even longer losing streak gets bigger and bigger (i know it's not mathmatically correct). This is the point where you reduce your bet to the minimum amount and just roll until you saw a long streak. After that, you can start with prebets + martingale again. IMPORTANT! A losing streak can always occur, no matter how many losses you already had in your session. So this is no safe method, it still can fail. Most of the time it will surely fail you up this is why i dont really rely on this kind of betting which you do hunt for losing streaks because i can always presumed that next bets wont really be a guarantee for you.Looking at other people they are really fan on this kind of strategy. Hunting for those streaks and then go Yolo in next bet which would really always result into a bigger problem. Yes I agree. I am pretty sure the only winners in Dice gambler (probably 1%) never use a strategy. They most likely deposit 1BTC, and bet that entire 1BTC on a 50/50 chance and leave emotions out. If they win, they win. If they lose, they lose. The ones who try and create these strategies they end up either losing time or end up losing their bitcoins anyways. Doing yolo bets are indeed a strategy, how effective it is, that is the part you should really consider. The amount of winnings you can get for a yolobet is pretty big but that would result also to bigger losses if you end up on the losing end. It is tempting to do since this will likely yield the biggest win but generally the chances of anybody consistently hitting a win on a yolo bet is little to none. |
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