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2041  Economy / Gambling discussion / Re: Parents And Their Children In Gambling.. on: September 27, 2022, 08:04:35 AM
I think there is a stage you will reach in life that the things you consider big will actually look little in your eye, If I have up to $1000 in my casino wallet and blow it all in one day due to my silly life, it will pain me a lot because that's big money to me right now but if at all I'm a Millionaire and loss $1000 a day, I wouldn't feel anything at all because it is actually not something that will move my pocket, that is the same thing Micheal Jordan and for him to place that kind of bet, he was having an assurance of winning back but gambling they say.

Marcus Jordan will likely pay a fine for violating the law, it is a rule that must be followed, he will surely pay a fine which I think wouldn't be a problem for them if they could blow up thousands of dollars in gambling.
2042  Economy / Gambling discussion / Re: About Casino Licenses on: September 27, 2022, 07:47:26 AM
Hello,

Is it possible and legal to open an online casino without a license?
I have heard that a license only allows to put users in confidence
What do you think about this?

There are many things attached to licensing a casino. Before any casino receives there license, the body responsible for such has to check their games if they are valid and they are not skewed to favour only the house, they also check if have are valid team so they don't run away with player's money and also cross check if they will require KYC and how they will take care of players documents in their custody.
Playing in a casino that is not licensed puts your money at risk because should in case they refuse to pay your withdrawals, you cannot sue them or do anything against them since they are not even registered in the first place, this is why a license gives players self-confidence with casinos.

2043  Economy / Gambling discussion / Re: Gambling and Reputation on: September 27, 2022, 01:10:20 AM
You're a professional like a lawyer or a teacher in a respected university, will it harm your reputation if people around you or your students discover that you are into gambling, you're not really a compulsive gambler but gamble for entertainment, how will you explain this to people around you or will you explain to protect your reputation or just ignore them.

Whatever view society sees about me is their cup of tea, they have theirs and I have mine to live and as long as I do my job without compromising a single second with betting, I don't think they have every right to judge my betting life. Some people don't value gamblers, either you do it for fun or for other reasons, they will always see it as bad but as long as you know when to play, you don't have any reason to convince any person into believing you aren't addicted but to be sincere, if you do it during work time, that is really bad of you, it shows you are not a professional who values other peoples time and that will make you lose customers.
2044  Economy / Gambling discussion / Re: About Online casino/gambling projects on: September 27, 2022, 01:01:16 AM
I am starting to have this crazy interest in crypto gambling projects like online casinos and stuff but I want to ask, this utility have been around for years but is there any old project that live this long and still functions?

Also what are the things that kills such project because even one or two survived for long I don't see many alive till now, they fail easily or turn scam later.

I have seen some casino in this forum that has been functioning right way back in 2013 and 2014 that is still functioning to date and we have some that were lunch this year and just lasted for a couple of months. There are so many reasons that contribute to the longevity of casinos been live for long such as keeping a good reputation and not scamming players, paying instantly when users request withdrawals, doing promotions and marketing to keep players in check, free slots and bonuses and many more. What kills casino projects faster than anything others are denying users withdrawals and nothing having enough funds to pay players are the quickest way your company will die, we have seen cases like that here where such casinos end up scamming users and locking their accounts for nothing. If you don't have enough resources to start a casino, don't open one.
2045  Economy / Gambling discussion / Re: When betting becomes to high on: September 27, 2022, 12:47:47 AM
Let's give it another look from this approach, when bettings become too high, regret becomes inevitable for a gambler, this is when you begin to see a number of side effects in the live of an addicted gambler that let the whole gambling got to override his personal integrity and control, it has been a rare occurrence in situations where an addicted gambler turns not to gamble again in a lifetime, just almost same spirit back it up with those addicted to alcohol, once into the system is a lifetime contract of both good and worst seasons in gambling.

I don't see anything wrong when a player plays betting becomes too high as long as the history proves that the player has more number of wins than the number of losses. I think we share the same location, there is this guy that has been trending on Twitter with the Mayor of Ekiti in Nigeria for giving bookies a headache with the number of winning tickets he has been playing back to back and these are not just small wins, they are in Millions (Naira) and virtually give his betting code to others to play, he help lots of people (usually as a giveaway as they used to say) to prove he doesn't post edited slips, judging from this example, I don't see anything bad in this kind of playing because he also accrues loss times but the winning rate is bigger.
2046  Economy / Gambling discussion / Re: My worst day in gambling on: September 26, 2022, 09:08:28 AM
........   

You went extreme my friend, how on earth will you gamble your school money meant for school fees, I think reading from your storyline, the bet you made was virtual sports. Nothing drains the pocket like virtual sport because the condition of the game can change before a blink of an eye and seeing how your money gets burnt while watching can give one high blood pressure and anxiety and making the right decisions during that time is always difficult, before you know it, you will make the wrong move of playing with your last card with of at least making back the capital you have a stake in the game.

Let me start by saying that I don't feel for you, you might still be learning, time and the spirit attached to gambling itself would teach you over time. Gambling can ruin you if you are not careful, you should still be appreciative that you have 10% of your money left. Some would even go home with a negative balance by selling some properties/assets with them, so yours is still minimal. I have seen someone with physical cash that wasted about $1500 through gambling. As if that was not enough, still went ahead to withdraw more cash twice. This is insane! Every gambler should have proper plans before dabbling into it. It's supposed to be for mature minds only.

Learning? It is rather a mistake, you don't use urgent money to gamble in hope of making more, it always ends in pain and regrets.
Gambling doesn't ruin except if you are the addicted type and extremist who would do anything to wager the last money on any games.
2047  Economy / Gambling / Re: Will duelbits pay 20k bet? on: September 26, 2022, 08:41:03 AM
If someone bet high amount (20k)+ on this casino and win  like 2-5x time more his money.

would the casiino pay him or find excuse not to pay and ban his account?
The casino platform have the right to pay the user, because it has won the bet. The only betting platform that i know that will not like pay is 1xbit, because it's a scam platform which we all know that they are only interested to pay the people who win a little amount of money and run away with people who deposit and win large amount of money. No casino gambling that is verified will like not to pay and of their players who deposited in their platform and in the same vain win, they will pay the user to maintain a reputation. But in 1xbit, they are scam platform giving you the money might be under probability

You can win a bet in a reputable casino and still don't get paid a dim, it may be as a result of the player violating the rules, terms and conditions. Go to the reputation board and see accusations some users label against some reputable casino we have here, most often than not, it is as a result of cheating, using two accounts, bonus abuses, and not doing KYC when they request for one. However, some casinos also have the habit of ignoring users withdrawals when they are insolvent especially when players win something that will crash their financial pockets, they used tactics to delay the withdrawals which in my opinion is not good at all.
2048  Economy / Gambling / Re: I play on dueblits on strip club and win on: September 26, 2022, 08:08:14 AM
Congrats on the games you have won, going to a strip club must be your lucky day, seems like you have to keep those bannies by your side since they are etiquette of luck in your gambling mystery.
You had lots of fun but you forgot that this is a public forum and all users are responsible for what they post or display to the public, I doubt if you even read about the forum policy at all before posting a picture about cocaine and this shows you are dumb.

 

All proofs:

Here proof that we took cocaine

https://prnt.sc/Ieysxjhe-N3o


Here proof that I still have the cocaine


https://prnt.sc/VRkxxqTl0yDU


So basically I break even 100$ in colombia is enough for sex + couple of drinks + 1 gram of cocaine. good night.


You are verified on Duelbit I believe and you have your document about you on that casino, if the agency authorised them to forward your details, trust me you would end up in jail man, nobody takes stuff and display it on the internet because anything posted on the internet will forever remain online.
2049  Economy / Economics / Re: Banks are changing ..... Bitcoin should wake up and innovate more! on: September 23, 2022, 08:46:42 AM
The Banking industry now realized that the traditional Brick n Mortar Banking model are outdated and expensive, so they are closing a lot of their Brick n mortar branches and moving towards an online Banking alternative. They are not waiting for "digital" technologies to disrupt their business.... they are actively changing their whole operation.

Generation Z is a lot more digitally savvy than Millennials, so their target market are changing ...and they are changing to adapt to the changing customer needs.

They also realized that Brick n mortar operations are very expensive to operate and that those expenses has to be funded by high fees. The competition in the form of alternative digital payment offerings and Bitcoin's "Be your own Bank" principle....added to the threat of not having these high fees.

Are we going to wait for the Banking sector to disrupt Bitcoin.... or are we going to spearhead innovation to stay in front? You decide, if you want to stagnate.... or if you want to run in the front.  Wink

The monthly fees I receive on bank statements alone are one of the reasons I have never been friendly with banks, they charge you on anything even while you're sleeping with the ridiculous justification that they're helping me protect my money. Banks cannot and will never match the innovation of Bitcoin.

Banks in my country have never been friendly, they charge you for interbank transactions, whereas bitcoin is the same, only varies with the input and output and the type of wallets address and doesn't charge you for other fees, such as SMS alert, ATM use fees, email alert fees, they charge you ₦50 when you receive more than a particular threshold (≥ ₦ 10,000) and they lock your account if they notice you are making large transactions. Now, I want to ask you: If Bitcoin did what these banks do, would it get to where it is today? The government is pleased to see that banks are large organizations that leach on the masses and they are always happy to watch because they are the owners.
2050  Economy / Service Discussion / Re: Accepting Bitcoin for a business on: September 23, 2022, 08:22:15 AM
Hello everyone

I have a question for the people that run their own business and they accept Cryptocurrency.

We have multiple services online and we only accept bitcoin/LTC/ETH/dogecoin and USDT (but only 1%-5% of our customers use it)
The problem we are facing is our customers send us the payments and we keep the payments in the store wallet (plisio), we don't withdraw and exchange the money unless a certain amount has been reached, because if we exchange the amounts on every transaction then we will lose a lot of money.

and in the past 3-4 days bitcoin was going down a lot and we lost a lot.

So we are effected by :
1- Withdrawals fees
2- Exchange fees
3- Current market prices
4- We can't HODL or keep the money longer than 7 days because we are a business and we have a lot of expenses/providers we have to pay.

My question is how do you people manage to keep as much profit as you can? how do you not get effected by the market prices?

Thank you in advance!


I don't know your local currency, is it in USD or another currency?
If your currency uses its own currency,  I will advise you to make use of P2P channels, so that any Bitcoin you receive can be instantly converted to your own currency since you run day to day business and may be in need of cash, I think you can make use of p2p if your local currency is also in USD, all you need to do is to immediately convert your bitcoin and litecoin to USD at soon as you get a confirmation from the sender since p2p price are determined at the conversion time, you don't have to compensate if the buyer didn't send the money on time when the price drop below the price you put it up for sale. This should cover all your 4 questions since p2p are mostly free.
2051  Economy / Speculation / Re: What can we expect from this statement of Michal Slayer.. on: September 23, 2022, 05:02:00 AM
https://news.yahoo.com/bitcoin-could-return-68-000-135232771.html

Recently i came across this post Michael Saylor says Bitcoin could return to $68,000 within 4 years and hit $500,000 in the next decade..

The time line of 4 years seems very long... What's your opinion regarding this statement



Micheal Saylor is a Microstrategy and has been buying tons of bitcoin and just like everyother investors who have shares in other investments, they all talk and predict how far a price can go and they do that to ive confidence to others who have invested on similar thing especial now that there is fear in hear and there of bear market.
I think these are just specualations, but I think we will see $64k again because judging by that 4 years he stated, we would have seen another bull run after the next bitcoin halving, we all know what usually happens after that, bitcoin price will soar into another level.
2052  Bitcoin / Bitcoin Discussion / Re: 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF 79k bitcoin address. The truth about it? on: September 23, 2022, 04:39:18 AM
That's my old wallet, I bought the coins in 2009 from a pop up for investments ,I obviously never heard of Bitcoin but who would of in 2009.
I forgot about them because I've been driving interstate semis and the amount of money I spent on the Bitcoins ,you just kinda forget .
I bought a new iPhone cause Ive always used the old cheap Nokia's ,I saw Bitcoin price and started looking into it ,I actually wasn't even sure if I did buy Bitcoins or just registered and made the dat file on my computer then I saw the dormant wallets and it took a week to realise 1fee was mine.cause I recognised the V6 in the address because I had a V6 car back then.
I've been trying to unlock it again for a year now but because it was a p2pkh format back then it's tricky,I'll get there ,but it was worth 5.8 billion when I first looked now it's worth 2.6 billion ouch right.oh yeah CR can go !;:'"$# himself right.I still have everything written down by the way including the address so CR can go @#$+&_ himself again right.

What did you smoke Mr Man?  Huh
2053  Bitcoin / Bitcoin Discussion / Re: Derivation Path as A Mitigation of Loss of Funds on: September 23, 2022, 04:33:15 AM
Hi, Honey badgers,

how are you doing.
I wanna ask a stupid question: how having an arbitrary derivation path makes my wallet more secure? let's say under m84, i set a really deep path. So situations like someone steals my seed and eventually finds nothing is sitting there?

It's not a silly question, you're just trying to be clever, which will wind up costing you money and burning your hands. While some wallets do manually allow you to enter your derivation path, you can still set it the way it suits you. However, if you forget how the path was set, you will have to start searching for each corresponding private key for every wallet address you sent and received bitcoin, and this is not a healthy way for privacy and security. By default, most wallets will likely follow a standard derivation part to help you locate where your bitcoin is situated in any of the addresses.

As suggested above, extend your seed phrase with any word you can remember, it is easier to remember than a complicated derivation path that may be difficult for you to locate the trees of your wallet address.
2054  Bitcoin / Bitcoin Discussion / Re: What amount of fiat and/bitcoin would you consider safe holding in a bear market on: September 23, 2022, 04:16:19 AM
A bear market could be said to be when the share price of a commodity continue to decline over a period of time. Unstable prices and a gradual decline in prices gets a large portion of bitcoin holders scared enough to sell off a large chunk of their assets.
In these so called “trying times”, selling off assets are encouraged and people are inclined to sell because of the unstable and/or decline in prices.

    I’m curious on your thoughts and opinions on how much bitcoin and/or fiat currency would be considered safe to hold in a bear market like the one we’re currently in.(eg:70% fiat and 30% bitcoin).
Understandably, people would have different thoughts and opinions on how much is safe to hold cause income level varies among individuals.

Not everyone is a believer in fiat, they will never keep it regardless of market conditions and bear markets are also subjective. I saw a wallet address from a user in this forum who hold bitcoin throughout last year November when bitcoin hit an all-time high and till now, the user has refused to sell his bitcoin and it amazed me that the wallet received his first transaction a few years ago when bitcoin was cheap, some people are determined to hold until bitcoin becomes so scarce that holding one will be difficult.

Personally, I feel its a bit too late to be holding into fiat, bitcoin price has found its support around the $18k range and despite the FED and their interest rate, it is still holding that position, it will be better if you convert them and buy bitcoin now that the price is down, you ware having them at a discount, we may or may not see the $13k people are anticipating.
2055  Economy / Gambling discussion / Re: Casino and prisons on: September 21, 2022, 04:08:46 PM
What if prisons were given license to operate a casino will it be safe for inmates . A similar incidence happened between 1932 and 1967 in Nevada State Prison. Despite not having licence to operate the casino existed for over 35 years and ever since then nothing of this kind has ever occurred.

This is funny to me but I think it will be entertaining to keep prisoners out of their deep thoughts and depression, however, I doubt if that will be happening in this century, but my questions are:
How did they fund the casinos and where did they get money to bet in the first place, not as if all prisoners were once a cartel who do some drugs and could one way or the other smuggle things inside the prisoners.
what were the prisoner's warders doing while all this was going on? If they are aware and this operation happens in prison for 35 years, they should all serve their jail for compromising the prisons because that's a criminal offense, they didn't say much about that on the website.
These prisoners are also humans irrespective of the crimes that may have gotten them in there.  I do believe also that games in these facilities are more for recreational and rehabilitation purposes.
The case of how they get cash for gambling in the prison casino might just be looking too further. It is possible they had other barter and reward systems alongside any little cash that must have been available. Also, I don't think a prison like that was just an ordinary prison, it must have been probably where the worst of the worst were kept and the wardens had little say. With the way it sounds, my concern is the way casino gaming is attributed to a game played only by or meant for delinquents.
If such a casino however,  was licensed and had the authority to operate in prisons, it might be too extreme and the purpose of rehabilitation would be skewed.

I understand your point and I'm a human, I have feelings and sympathy too but do you really think some prisoners deserve to see the sun? If one should judge from the crime that sent them to prison, they would have been castrated from the day they sent them to prison instead of giving them some little entertainment. That wouldn't even happen in today's prisons talk more of allowing a specialized currency but it is possible in corrupt states where warders still smuggle in some s**ting stuff for inmates.

2056  Bitcoin / Bitcoin Discussion / Re: Gambling Companies and Bitcoin on: September 21, 2022, 03:46:53 PM
What I know is that these gambling companies that accept Bitcoin as one of their accepted currencies are registered and licensed from Cyprus and Curacao (an island located in South America and a part of the Netherlands). We all know that there are only two nations that lawfully accept Bitcoin as a legal currency, El Salvador and Central African Republic. So how come that these gambling companies are allowed to put to use Bitcoin as one of their accepted currencies when neither Netherlands and Cyprus aren't legalizing Bitcoin as a currency? Are the authorities of these nations turning a blind eye on the Bitcoin use?

Or is it possible that gambling companies are allowed to accept any forms of tangible or non-tangible objects so long as they deem it valuable to their operations? Take for instance, casino chips and tokens are used to play games in the tables and on slot machines. So is this the case of Bitcoin too?


Some countries are unclear regarding the legal status of bitcoin and cryptos, which is why people use them. Whether it is legal or illegal, people will continue to use it until a clear picture of the legal situation is available.

I remember back in 2020 in Nigeria before they stopped banks from facilitating bitcoin transactions, bitcoin legality was not clear, not until it became a tool of the political fight to fund protesters, and since the government in power felt that the youths were being used for agitation to fight their failed government, they decided to stop banks from processing bitcoin transactions, but even at that, it does not stop people from doing crypto because nothing has been said about it.

The same thing applies to some of these casinos, they are not actually licenced but that doesn't stop them from operating. However, it is possible that Netherland and Cyprus may charge them later in the future for doing that if they decide to legalise bitcoin.
2057  Other / Beginners & Help / Re: Awareness of scam on social media will help reduce scam on: September 21, 2022, 03:16:56 PM
Scammers are very smart on how to get peoples attentions and they are also smart in inventing new strategies that can be so real to easily convince people . My worries is about beginners who are coming up, and if you make research most beginners in crytocurrency and on social media were once a victim to scammers and till date some beginners still fall for scammers.

To me,  the social media would have been the easiest way to fight against scam, to make beginners get aware "the strangers  you meet is at own risk ". This can always be in the mind when one encounter a stranger who want to offer free money or do business, one will have to think how real can it be.

Beginners don't get awareness of scam on social media,  some mostly get aware of scam with personal experience.

Is there anyone in bitcoin right now who doesn't know a thing or two about social media scammers? They're no longer new to the public, all they've been doing is repackaging frauds that are far too obvious when you see them.

If you go to Twitter, it has become a mess to enjoy good replies without sporting a scammer in crypto related threads and it is very annoying, they have even decided to push CZ picture on all of their bots account to comment auto generate replies just to get peoples heads that CZ is doing a give away and Twitter has not found a single solution to these bots. We have these guys all over social media, but I believe Twitter and Youtube are the most dominating places where they hide and mimic channel owners, and nothing is done by the owners of these platforms.
2058  Bitcoin / Bitcoin Discussion / Re: How mentally prepared are you? on: September 21, 2022, 02:58:47 PM
The rate at which new people are joining the forum and the entire community is very high, which makes me wonder how mentally prepared these new and previous users are for Bitcoin investment. If you are not mentally prepared for Bitcoin investment, it can lead to mental retardation.

Those who jump on the opium of bitcoin at all-time high will be having one of the difficult phases of bitcoin right now if it is their first time but of course as they used to say, tough times don't last(bear market), only tough people do(during a bull market). It is not a wrong thing to buy bitcoin at all times but sells it at a lower price is bad. If anyone right now is at loss, this is the perfect time to add more and with this measure, they don't need to wait forever before they sell their bitcoin because it can be exhausting with the price manipulation and the current politics the government has been doing with the market.

Quote
First and foremost, before investing in Bitcoin, beginners should learn more about privacy; beginners should start by learning how to secure their files and personal details on the Internet because not knowing or learning about privacy can be a very big risk for them because in Bitcoin investment, you can lose everything with just one single mistake.

After learning enough about online privacy Here, we move on to Bitcoin investment and study how to protect our private keys and seed phrase Here.

Who owns a bitcoin without his or her private key, it is like having a money loan to someone that may default them anytime they wish. the privacy should not be left out, I do hear some people use the terms "I don't do anything bad on the internet, if they need anything, I will give them", No! don't give out your privacy unchecked, they are big concepts of life that should be hidden from the internet.

Quote
Also, please do not borrow money to invest in Bitcoin, and only invest what you can afford to lose.


Another big mistake is taking a loan if you don't have collateral or the means to pay it back when the time comes. I know people who take loans with over collateralized assets, but if you must do it, please be careful so you don't receive margin calls.
2059  Economy / Gambling discussion / Re: Casino and prisons on: September 21, 2022, 02:29:36 PM
What if prisons were given license to operate a casino will it be safe for inmates . A similar incidence happened between 1932 and 1967 in Nevada State Prison. Despite not having licence to operate the casino existed for over 35 years and ever since then nothing of this kind has ever occurred.

This is funny to me but I think it will be entertaining to keep prisoners out of their deep thoughts and depression, however, I doubt if that will be happening in this century, but my questions are:
How did they fund the casinos and where did they get money to bet in the first place, not as if all prisoners were once a cartel who do some drugs and could one way or the other smuggle things inside the prisoners.
what were the prisoner's warders doing while all this was going on? If they are aware and this operation happens in prison for 35 years, they should all serve their jail for compromising the prisons because that's a criminal offence, they didn't say much about that on the website.
2060  Economy / Gambling discussion / Re: Bonus Abuse: Who is to Blame? on: September 20, 2022, 06:59:34 AM
Agree on factors, but disagree on abuse. If the casino security system is weak and allows you to use bonuses from fake accounts, then making a profit in this case is a purely technical procedure that is accessible even to a student. That is why casinos introduce such insane requirements for bonuses as 20x wagering or something like that.
In the end, even if there are bonuses abuse visible in gambling casinos, the gambling operators have seen it coming and prepared for it, the reason why the house still always wins over the players or gamblers. And if we talk about bonus abuse, the casinos are still profiting from it through their high wages, so casinos have never been taken advantage on the first place, but maybe the players are unintentionally.

 
Should we, therefore, draw the conclusion that the house is not fair to the players? What use does it serve to offer a bonus when they change the iteration such that you can't win? I feel that any casino company should always put honesty and reputation first, allowing players to win what they are entitled. No amount of tweaking will to stop cheaters from abusing those bonuses, but I think what they can do better as I have observed most casinos do, is attach terms and conditions to the bonuses they offer their players. Unfortunately, most of players fail to read these conditions, and it is only after they have won using these bonuses that they start complaining that the casino refuses to process their withdrawals.
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