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201  Economy / Gambling discussion / Re: For sports bettors, are you attracted with bet builder feature? on: November 15, 2023, 01:42:27 PM
Sounds to me just like a parlay bet, do you have to win all the bets that you're combining on the bet builder tab or not? Because that's how you can win in parlay bets right? By correctly predicting all the right events or wins in a game. Probably the only difference of parlay and this one is that bet builder is just for one game, so if you're betting on a low odds team, you can maximize your wins by adding other predictions and to me, it's a pretty risky thing to do especially if you add who's going to score the most or who gets the first score.
202  Economy / Gambling discussion / Re: Conclusion after losing millions! that games are rigged. on: November 15, 2023, 01:01:05 PM
It's not rigged but more like it favors the house more often, rigged means there's no chances that you will be winning so I don't exactly think online betting or gambling is exactly rigged. If you really don't trust the website that you're playing on then don't play there anymore, that's the only solution. You can always find other gambling websites that's more trustworthy when it comes to their games so there's really no excuses why you keep staying on that casino or betting site if you feel like you're being cheated on your bets or games. I also would like to add that there's also organizations that ensures fair gaming so I don't know how they will be able to rig games.

This link can be helpful in understanding that there's organization that's ensuring there's fair games in an online casino although this only has a Filipino jurisdiction so it might be not that helpful.
Code:
https://medium.com/@pesobetphilippines/online-casino-regulation-in-the-philippines-balancing-entertainment-and-responsibility

Here's some house edge samples online.
203  Economy / Trading Discussion / Re: Must Read: Scams disguised as premium signal groups/channel on: November 14, 2023, 04:31:29 PM
This is why I don't trust any trading signal because there's a high possibility that they are scammer who are after your money.
I've seen a lot of offers here claiming to have a 100% strategy to win and make profit hopefully no one follows that fake signal group. We should be more knowledgeable about the market and I'm telling you, it will be worth it than to join any signal group, stop wasting your time and your resources on any signal group, that's too risky.
That's one way to describe being approachead by these scums, they entice you with great returns for your money in hopes of you buying into their schemr but when in reality, their signals don't have any semblrance that they're working, maybe because they want to make it big quickly so they lie, cheat and steal from you, that's why it's important that we're asking the right questions.

All signal groups are totally a scam thing whether it was a premium signal group or not. In fact, it was very clear to us that nobody can predict right to what will happen next and why we should have to believe someone doing it. To be fooled into this kind of work, trusting these signal groups is no different from making themselves a fool. These people still don't understand how the crypto market works and they still don't understand the meaning of volatility.
Well, they can learn it after experiencing losses due to trusting these signal groups.
Definitely with you on this one, signal groups aren't that accurate anyways and you're better off learning about trading yourself and learn the basics on analysis and how to make a good entry. The only time that I would probably give in to these signal groups is when those signal groups are giving their services for free and I don't think there's no way that a scam or even your run of the mill signal group would do that because they know that they're not the real deal and they just want to fool as many people as they can before bailing out of the group or before they can go radio silence. If they invited me to this and it's free then expect me to join those groups and also they have to show results that their signals are correct or even close to what they're saying.
204  Economy / Gambling discussion / Re: Luck and skill, which is more important for gambling success? on: November 14, 2023, 03:03:27 PM
It's all skill, luck is out of your control so how can you train something to the point of improvement if you don't have any direct control over it? It's common sense so I don't get how people have a hard time thinking over which is important. Some say that it depends on the game but fuck that because that's not true, luck will never be a factor that can contribute to your gambling success so just improve solely on skill in gambling, maybe if real life was some kind of a role-playing game like Dungeons and Dragons or Diablo, you can probably argue to me that luck can be improved as we have an access on our own character stats and we can choose which attributes we want to allocate are points on. Another noteworthy thing to add is that if you're aiming to be successful in gambling, prepare to be frustrated because gambling should be fun and gambling competitively is not the way to go gambling because being competitive and too serious about it is going to suck the fun and enjoyment out of it.
205  Economy / Gambling discussion / Re: What percentage of bitcoin investors are gamblers ? on: November 14, 2023, 01:46:32 PM
I suppose someone could try surveying bitcoin investors anonymously.  But even then, how many would admit to gambling, even anonymously? And you'd have no way to verify if they're telling the truth.  So were left to speculate.  Maybe 10% of investors dabble in crypto casinos? 20%? 50%? Impossible to pin down an exact figure.  But it's clear there's significant overlap between the crypto investment and crypto gambling communities.
Even if you try that and you pull off the survey, you can never be sure that someone is being truthful to you in your survey especially if the questions in the survey is a bit confusing and people that answer them don't want to reveal too much about their gambling habit then you might expect some discrepancies or even wrong data. Given that people are pretty stickler if not paranoid when it comes to security, the anonymity of crypto will be a big hindrance to your intention of trying to get data for this thread's question. If you're setting your data on judt the forum members then you're probably going to get 90% since there's a lot of people that's interacting here in the Gambling board.
I doubt that most gambler is not Bitcoin investor since most of us here learn Bitcoin before we explore in different altcoins. Maybe not all use Bitcoin on gambling but that doesn’t mean they are not a Bitcoin holder.
I think so too but there's also the possibility that they're not a bitcoin investor because there's already thousands of altcoins out there and I don't think that bitcoin is their introduction to the world of cryptocurrency is entirely true anymore. But that's a slim chance and just my baseless opinion at best so you're probably right about these gamblers being a bitcoin hodler.
206  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: November 14, 2023, 01:14:23 PM


The odds sucks and Im not sure what to take on this game. The best odds would be to get -2.5 handicap for T1 but I dont think WBG wont be able to take atleast a single map off  T1. This totally screams 3-1 for T1 so taking -1.5 seems to be the best shot to win but odds sucks. I know T1 is the favourites to win but obviously I was kinda expecting it to be around 1.5 at the lowest for the odds
You're probably better off having a bet with your friends irl if you want to bet on this match. T1 is a solid team all throughout the competition so I am not surprised that betting sites don't want to give a really generous odds to T1. I guess you just have to take the odds anyway, still a guaranteed win for you, take what you can take in terms of wins.
Valve has scraped the DPC system so I guess the next qualification wont be based off points like the previous DPC, Link Here. Its probably due to the wages of the players because I highly doubt that SEA players receive less in average compared to SA region players so yeah thats probably one of the reasons. Second reason that I could think off is probably the regional qualification to TI or other compeititon and yeah its less competitive to get those slots in SA compared to SEA
Wow, that's a pretty big move for Valve to remove DPC to get teams to qualify for The International, for me it's a bad move because it kind of removes the filter that Valve has to select which team is going to get into the biggest DOTA 2 competition, it's supposed to be the best of the best competing for the Aegis of Champions and the million dollars worth of prize pool but I'm excited how they plan to change the qualifications to get there, but for now, I am surprised and unhappy.
207  Bitcoin / Bitcoin Discussion / Re: Do not get scammed by this, specially newcomers. on: November 13, 2023, 02:59:31 PM
One of the basic ways to con people, you create a problem and then somehow there's people out there that wants to help you out. I am 60% sure that it's a scam because that's a possibility but the it will only go to a 100 if I can see that the person who has posted their problem show a proof that they've got a problem and that there's really an issue and that someone was able to solve the issue and so far I am not happy with what I am seeing, I am like that one American Dad meme where he's looking at the meter to see if it crossed the line.

In this current age where everyone is vigilant,  where news about scammers and their mode of operations have spread round like wild fire, no one is supposed to fall victim to these scammers. Avoid strangers by all means, especially those ones that offer unsolicited help and juicy offers.
I am really happy that there's more and more people becoming more vigilant and aware of different types of scams, this kind of thing happening results in these scams losing their influence over many people because now a lot of people are already asking questions and the scammers aren't prepared to answer any of them, they got too complacent about their method that they didn't expect them to ask questions so they haven't prepared any answers. I wouldn't say that I'm a good person but when a stranger asks me for help, I always try my best to help out knowing that there's a possibility that it's a prelude or their way into introducing me to a scheme but I know that when I do that, the possibility of scam is likely so don't try what I do because you might not realize it sometimes that you're already being scammed.
208  Bitcoin / Bitcoin Discussion / Re: Bitcoin OGs, Can We Please Practice What we Preach? on: November 13, 2023, 02:27:48 PM
I don't use hardware wallet because I use cold storage setup with my ancient PC that runs live Linux and is not used for anything else and is never connected to the Internet. I transfer transaction in via USB stick and out by scanning a QR code on watch-only wallet. It's very unlikely that there is a malware that can bypass all these obstacles and that I will encounter this malware somehow.
I love your set up and I can imagine it, hoping that I can replicate the action in a Virtual Machine but my problem is that wouldn't this be a dangerous thing that you're sharing your set up to other people and how it all interconnects because you're giving away a vital information about your bitcoin and your wallet so I just hope you know that there's a possibility that this sharing of your set up can backfire to you someday. Plus your way of saying that no one will be able to bypass your set up will just make malicious people try harder, I mean a dox will definitely be your weakest point.
209  Economy / Economics / Re: Foreign reserves on: November 13, 2023, 01:50:52 PM
Foreign reserves are the foreign currencies reserved by the government of a nation. If the reserve is decreasing, the central bank increase the price of their local currency leading to inflation. A positivity in the value of the foreign reserves indicates good economy.

I just want to ask a question. Assuming people are buying the foreign currencies and hold it in their domiciliary account and not used in another country for buying of goods to be imported, is the foreign reserves decreasing like that? I mean if the foreign currencies is bought by the citizens of a country and hold in their bank account, and not used to buy from another country.
If it's in a bank account then expect that the physical currency has already circulated back to the economy or has been exchanged already with the origin of the currency. I don't know about other foreign currency but US accounts for their currency being lost in an annual scale so they print out to offset or balance the circulation with consideration to the projected lost currency. I'm not familiar with how foreign reserve makes for an indicator of the positive or negative movement of the economy so I can't say much about it, maybe I'll learn something about that, any video recommendations to start with the basics?
210  Economy / Economics / Re: "I saw my salary on a bottle of perfume today" on: November 13, 2023, 12:41:40 PM
This doesn’t make any sense. There are basic products which we use every day that have a price ranging from $1 to $100k. A bottle of perfume is a good example. You can eat fish at home and pay $5 or you can sit in a fancy restaurant and pay $50 for a plate. Every service, every product has a price tag. The latest iphone costs what? $1500? That’s almost quadruple the minimum wage in my country.
Pricing is a matter of cost in labor and sometimes for most luxurious products, subjective opinion of the manufacturer. Now I get that the second part might not be true entirely given that there's really some luxurious products that are expensive due to cost of production and the specialty in labor but I have to tell you that there are some luxurious products out there that are a total bullshit in terms of being priced at, for example is the luxury bags and expensive shoes, I don't believe that they're built how they're advertised to be built, I think they're built by just high-end sweatshops especially the luxury shoes. It's also our fault as a consumer, we blindly consume stuff and so we enable them in a way from producing more shit we don't need but they advertise that we need.
211  Economy / Economics / Re: How billionaires are really affecting the economy. on: November 12, 2023, 03:02:00 PM
This is not new in the economy system. And also this is not new in the world order in the economic structure for the humans. The economy is fashion to make the already rich people more richer and the poor masses to be continually poor so that that they will be begging from the rich then the rich will be feeling big because they poor is begging from them.

Really as for me I don't know who is making the things more costly, is to the government or the billionaires businessmen? I think it is the billionaires businessmen who initiate the cost and implemented by the government.
To answer your question on who's making it harder for the masses, you don't have to choose which one because these two are cooperating to make things happen for them only. The government does the laws that will protect the companies of these billionaires that will pay them the most and the government also owns the police force that will protect the property of these billionaires while the billionaires will be busy pocketing all the money they can stuff in their pockets and pay off the politicians if not the whole government so they can be on your side even if the people are getting more and more rowdy to protest the exploits that the billionaires use so they can be where they're currently standing on and they're also helping with the funding on the politicians that serve their best interests.
212  Economy / Economics / Re: Are You Sticking to Your Plan or Has Life Made You Pause or Modify It? on: November 12, 2023, 02:08:12 PM
Fortunately I'm still sticking with my timeline. I'm still buying coins every now and then, and have no plans on stopping until such time that the price hopefully reaches $50k again. There's really no point to sell as early as now, unless you really need the money and you can use the financial help of your bitcoins. But yeah, typically no one really uses their investment funds for expenses and other emergencies. There should be a separate fund for that. If not, you will never have a successful investment even if it's crypto or other assets.
Same thing, I don't plan to go astray with my plans too because I feel like if I ever do that, it's going to make me feel like I've cheated on myself in a way that I broke my promise. Waiting for the bitcoin value that I've set to sell makes it easier to stick to my plans which is great because my plan is pretty simple although I feel like I am not consistently following a part of my plan that involves buying whenever I can but I can't really blame myself for that as I am a working man and the bills won't pay itself so that's I guess the only problem I have with the plan, I think I haven't astray even if I don't consistently invest in bitcoin whenever I get my paycheck but for everyone who will read this, you can judge for yourself.
213  Economy / Economics / Re: New business idea. on: November 11, 2023, 02:04:30 PM
How are you so sure that this graundnut oil is in demand in a lot of countries? There should be some statistics on that to help support your claim plus, I've been watching a lot of Business Insider lately about different products that are expensive or in demand and so far I haven't seen a video about this one and I'm not even familiar with the nut so I don't know if it's a real stuff. My advice to you OP is to pitch this business idea like Shark Tank or Dragon's Den, you need proof of concept, proof that there's demand and proof that you can sell it on a city scale at the least because I assume that the manufacturing equipment isn't going to be cheap so go back to the drawing board and learn how to sell your product in the forum, other people in the forum can help you create a better post so people won't be put off by a wall of text.
214  Economy / Economics / Re: How Much Does Food Cost in Your Country? on: November 11, 2023, 01:11:31 PM
Figuring out the standard cost of living in different countries is way more complicated than just looking at the price of a single meal.  There's a ton of costs that go into it.  Like in some places the food might be pretty cheap but good luck finding an affordable place to live or paying your power bill and  and what counts as one standard meal anyway? Is it ingredients you buy and cook yourself, so you just look at the price of the food but not the time it takes to make it? Or is it what you'd pay for a meal at a restaurant, but even then prices are totally different if it's fast food or some fancy place.  Theres so many things that impact it.  No way you can tell just by a single meal's cost.

I agree that one meal won't be enough to see a perfect representation of the standard of living but if you actually try and make it daily in the span of a month, you can probably calculate the average food cost that a household spend on one meal of the day, the time of meal is a big factor though. But what I've suggested is flimsy though as you've mentioned, location of where they've got their food would also be a factor and those locations might or might not be a melting pot of different working classes in a population. In my country, I can't be exact too as I still live with my parents so I don't spend money on food so I can't be sure how much is one meal but if we're talking lunch which is when I spend my money, I would say that around 1$ to 3$ is what I spend but the 3$ is big already, that's for when I really want to satisfy what I'm craving during that time or for a long while.
215  Economy / Economics / Re: if you think 18k btc is low wait until autumn ... on: November 11, 2023, 12:14:44 PM
Those who think its bitcoin will go below $18k and keep falling are nothing but fools. Those who take such an attitude are basically caught in the future. When babies first learn to walk they trip and fall over and over again, but that doesn't mean they will fall over and over again once they learn to walk. The idea that Bitcoin will stumble and fall again and again is wrong. Bitcoin is independent which is why Bitcoin is more powerful and dynamic than ever before. It is only speculative to say what form Bitcoin is going to take in the coming days. It is very difficult to guess unless experienced. The way the bitcoin market is going right now I don't think it will retreat any further. Now is the right time to invest in Bitcoin which will reach unique heights at some point. Bitcoin market is bulling as it crossed $37k today.
An appropriate comparison but I agree that bitcoin will continue to stumble and fall but the only catch with how bitcoin is going to stumble and fall is that when bitcoin falls, I am sure that it's definitely not going to be a fall that's comparable to it's last fall. What I mean is if bitcoin were to go down right now is it's going to hit some invisible price floor and that isn't going to be investing lower than last time that it got so low or maybe even the current lowest is probably the highest in the previous price cycle. So to refute your claim that stumble and fall again isn't entirely wrong, maybe you're always dealing with absolutes so you're adamant about it.
216  Economy / Economics / Re: Being rich = not looking at price tag on: November 10, 2023, 04:08:05 PM
I often read people saying they want to earn enough money so they don't have to look at price tag of product. Imo, even if you are rich you wouldn't want to spend money on things that are not worthy of price being paid.

You wanna look at product and then it's price, if it's worthy of price, you purchase the product.
Totally agree, can't really caught spending money on things that don't return value, style or impression on me. Choosing the product you're buying should at the least be able to help you elevate yourself in terms of the 3 things that I've mentioned before, if it doesn't help then don't buy it. If we're basing solely on that phrase or motivational words then it's really correct and logical because rich people are the kind of people don't look at how much they're spending, and being rich should mean that you've got a lot of money. To me, the full motivational should be "Being rich=not looking at the price tag no matter the cost as long as it provides value to you positively overtime like watches and baseball cards."
217  Bitcoin / Project Development / Re: Crypto arbitrage trading bot development to increase profit on: November 10, 2023, 03:22:39 PM
If profit is guaranteed, why do you need to sell the service? Use this bot and get free profits.
It is true that a crypto arbitrage bot can achieve profits, but it needs to be fast and to have a strategy. Even so, profit is not guaranteed and therefore there is no such thing as 100% profit.
This is the first time I hear about Beleaf Technologies. Are there any details about the nature of their work?
Now, if OP were to release it to the public for free for a free trial, it would be a different story because once it proves itself to be a bot that can generate you a profit then it's a different story because there's proof already so then we won't mind paying for the bot but that's only possible if OP releases the bot for free but right now, it's as you're saying, it's too good to be true so it's not worth being excited about it.
There is no type of trading with a 100% guaranteed profit. This is far from reality and just propaganda with no proof. I have tried many trading robots and only a few times have the results been satisfactory.

As for arbitrage robots, it is true that they are profitable sometimes, but they contain many problems, because they require speed and having accounts in all the exchanges that have price differences. In addition, these exchanges close withdrawals and deposits as soon as these price differences are discovered.
It's kind of contradictory of you to say that bots don't work and then at the next paragraph, you're saying that arbitrage bots are profitable although I won't dispute that trading isn't a guaranteed profit since that's true and obvious unless you are a God. Maybe your concern can be something that can be easily solved I mean that multiple exchanges then probably a programming voodoo could be useful to create that and there's a lot of IT industry people that can do exactly what you're describing, it's probably a matter of how you plan to your steps into building that arbitrage bot.
218  Economy / Gambling discussion / Re: What conditions might cause you to stop gambling? on: November 10, 2023, 02:44:09 PM
~
You're attempting to use gambling as a means of supporting your income, which is something I find objectionable because it encourages you to take on greater risks, which can result in addictions, and you and your family may suffer as a result. Additionally, if you bet a significant sum of money and lose, it will undoubtedly have an impact on you. and from what I have read you must have had quite a number of wins. aside does health conditions it will get to a point where you would have lost too many games I don't think the person needs a prophet to tell them that gambling is not the way they are taking it and if you look at it the problem is always from the gamblers they are too greedy.
What in the heavens above did I ever mentioned that I am attempting to support my income by gambling, you've clearly misunderstood what I've typed so it's not entirely your fault, I have to just be better at structuring my sentence so there's some comprehension to be had but I digress, what I've said is that the conditions that I would stop gambling is:
  • when I got a family and a kid to raise
  • and that my support for that family in terms of finances wouldn't yield me any extras that I can use to gamble
  • I've got some chronic bodily problem that's going to require maintenance that's going to cost me money

I hope that this list will clear out what I was trying to say, I really don't know why you've replied those stuff because I don't see the connection of you quoting my reply. I didn't even mention any wins in my post, what the hell are you talking about? Have you read my reply to the post or just skimmed through it? To humor you for the sake of argument, you're stating the obvious regarding what you need to do when gambling and why you have to stop gambling, also there are times that some people are just so unaware that they're slowly being too self-destructive about their gambling habits so if a prophet needs to tell them to stop then so be it.
219  Economy / Gambling discussion / Re: Advice for new comers on: November 10, 2023, 02:04:58 PM
~
If he only play for fun he will never have that kind of thinking of chasing his losses because when we play for fun, we will only lose small amounts or those amounts that we can only afford to lose easily. But if he already started playing for profit, he can move on to your second suggestion. That is, again, he shouldn't ever think of chasing his losses.
Your metrics for playing for fun isn't really an accurate definition of "playing for fun", not all who play small amounts of money aren't playing for fun and not all who are playing with a lot of funds to back them up are playing for fun and vice versa. My point is that the metrics for playing for fun isn't measured with how much you're spending because you can't really measure the fun in exact and logical terms, plus you can't really tell if someone really did have fun just by their facial expressions or by asking them. Also, if they're playing for profit, wouldn't that imply that they're doing just fine with their gambling so they're probably the least of worries when it comes to chasing losses?
~
Many of us already experience it and the result is always going to be unpleasant. Sure some get lucky for a while but it will only make you more greedy where you will play again because you said to your self that you don't have any losses anyway but losses will come eventually. Things are only repeating like we are in a loop.
Totally agree with what you're saying (I guess I can't really disagree since we're saying almost the same thing), most people are simple and some of us are just trying to make them as a complicated individual when they're predictable most of the time. Maybe the factor to breaking through this so-called loop would be the strength of will of the individual that's in question like the people who can quit gambling when they want to or the people that can never get enough of gambling high that even if they lose a lot already, they still want to play.
220  Economy / Gambling discussion / Re: The madness of gambling addicts. on: November 10, 2023, 01:23:11 PM
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I just think that if we win gambling with friends, they can pressure us to continue playing instead of deciding to stop. And most of us will follow friends' invitations and not stop even though we want to stop gambling. This is where we have to be able to refuse friends' invitations to return to gambling because we are tired and need rest or whatever the reason is. And as good friends, they don't need to force us to continue gambling because they know their friends' limits will be different from theirs. In this case, we are the ones who decide the limits and must be able to uphold those limits so that we do not continue gambling. If our friends still want to gamble, we just let them and we can watch them gamble at the table.
Now that you've mention if they are good or bad friends, that could be a factor to whether you will continue to gamble or not but we have take note that even your good friends are getting the high that your getting when you win so they can't really be entirely blamed if you continue to gamble when you've already secured a win. Another thing about endurance of your physical body when gambling, you're not really moving much and it's not like you're thinking too much when you're playing on chance so I don't think that you're going to be easily tired. About your last statement about letting them, that's impossible to do especially if you're having fun at gambling, you're going to definitely want to be involved with your friend's gamble.

With our exchanges so far, let's just agree to disagree on this topic and probably meet somewhere in the middle. Maybe there's just a lot of differences in people that some might easily be influenced and some aren't easily influenced or some are strong willed but wants to please their friends when they're having fun.
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