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2061  Economy / Economics / Re: Is this a Strategy? Is it a good Strategy? on: July 02, 2023, 07:11:23 PM
Influencers do it daily so I guess it's working. These influencers are banking on attention and they'd do everything to be on the spotlight. Billionaires creating issues to be the talk of the town isn't really anything different, although they already have proven means of making money so there's that. Perhaps, the reason why rich guys do this is because they just don't have anything better to do with their lives. If they wanted attention, they can create news that will not require them to engage in such activities but hey, maybe they really just get bored and wants to fight it out physically?
2062  Economy / Gambling discussion / Re: How is your Gambling Pattern Like? on: July 02, 2023, 11:43:42 AM
I used to exclusively gamble on Saturdays for an hour or two, and I would only play dice and call it quits afterwards. That pattern was on for almost a year before I became busy and moved on to other things. Right now, I still find time to gamble, although not as regular as it was 3 months ago and not much has changed. I don't look for the casino, nor do my hands itch to get a game going. I know I wasn't hooked, but being a habit that I tried to keep for so long, it really messed me in a way that I feel like something is missing in a week if I don't gamble even just for a few minutes.
It means that you are a consistent person, the same as what I do also gamble only on weekends because I have busy work demands so that I have to make money for my family through work, gamble on weekends at least every week there is time to gamble you don't have to gamble every day after all sitting a few hours using a cell phone playing casino games to kill time and also waiting for the ball game to start.

I prefer to bet on football sports betting which usually happens mostly on weekends so I can take the time for that and while waiting for the match to start I play casino games to get rid of boredom and it's fun. if we continue to be consistent then we will not become addicts, there is nothing wrong with looking for fun for just a few hours in gambling.  Wink

I've also switched to sports betting a few months back, and I'm following eSports mainly but also do some basketball and motosports on the side. It's a lot more engaging and eats up less time IMO, and doesn't require me to sit in front of my computer for 2 hours just to play. I can bet on the go, follow news on the events being held, and still be able to do other things. It's a lot more freeing to do sports betting if you're not investing yourself into it that much - similar to us casual gamblers.

That means you still have limited gambling patterns and this can help you become a responsible gambler.
You stated that you have been in this way for more than a year, so that means that in the future it will be even easier if want to quit.
Very rarely have I come across a gambler who can have limits and completely control every game he makes.
Sometimes people forget what the impact of gambling is and they don't think about the long term which could actually bring ruin.
I once tried to only play one game with very limited game sessions but in the end it all failed.

I recognized I have spent way too much in dice for a year that I have to do something about it. Imagine, $20 a week and multiply it by 52. That's already a thousand dollars just for gambling in a year that I could have spent on another object or another expense.
2063  Alternate cryptocurrencies / Altcoin Discussion / Re: Stay away from crypto influencers on: July 01, 2023, 11:37:51 PM
Sound advice. Most of them are only for the money and not for the idea or the innovation that whatever they are endorsing brings. They most probably have tokens of that crypto that are pre-mined, too, and they're only waiting for the right moment for it to hit the exchanges and they'll probably dump it too. In this day and age of influencers, listen to those who are not seeking to get attention, but those who are seeking to spread information on their words. Also, DYOR is the best thing you can do if there's just one too many influencers out there that are adding to the noise.
2064  Local / Pilipinas / Re: Stay Lowkey lang tayo on: July 01, 2023, 11:25:58 PM
Hindi ko rin maintindihan sa iba nating kababayan na biglang umangat at todo naman ang pagpapakita ng kayamanan sa social media. Malaking rason ito upang kainggitan ng mga tao sa paligid, at yun nga, maaaring ganito pa ang mangyari kung hindi mag-iingat sa kung anu-anong mga pinopost natin sa social media. Hindi naman masamang tignan ka ng maraming tao bilang walang pera; sa katunayan mas okay pa nga ito kasi hindi sila lalapit sayo kung sakali mang kailanganin nila ng mahihiraman.

Payong kaibigan lang, mas masayang mamuhay ng hindi ka hagip ng radar ng marami kesa sa lagi kang bukambibig ng mga tao dahil sa pera mo.
2065  Economy / Gambling / Re: Loophole in stopping Money Laundering through Wagering on: July 01, 2023, 11:06:39 PM
well, most of the time, it is none of casino's business where you got the money but the player should always check the ToS of the site to avoid possible problem. because once they saw some unusual activities or amounts in your account, they might flag you down.
there may be gamblers who are washing their money via casinos, but it is how you play your cards not to get caught. so the probability of washing money in casinos is always there, especially if the wagering requirements are low.
Yes, there's the probability of washing crypto through the use of casinos but if check the risk involve in losing all the funds I don't think it is something anyone should try. Remember "not your key, not your coin" especially now that most casinos are changing their TOS.
When privacy is a top priority it is better to use a crypto tumbler site and a good anonymous exchange than use a casino where the risk is high.
Aside from casino being used for money laundering being the reason for wager demands on deposits,  it is still a game by the casino to get the customer hucked,  since wager is a most on all deposits it then means the casino will make more money from players quest to meet the wagering requirement and failing in the process,  and sometimes some of the casino place unreasonable wager requirement on deposits balance and players continue to lose trying to fulfil that retirement on multiple times.

So the casino is not protecting the player or the government by enforcing wager requirements,  but they are also fulfilling their obligation to generate revenue for the business using that tactic.
Maybe the casino implemented the wagering requirement on all deposits just to hook the gamblers but let's be honest and think like the casino owner. Why would a gambler deposit some funds on a casino if the purpose was not about using the fund to play games?
If the process is through launcering dont tell the casino wont be held responsible if the fund was traced to their platform. If you're the owner of the casino wont you take the necessary move to safe the casino reputation?

We know that these platforms are really that regulated or really abiding government laws on which it would really be that normal that they would really be that monitored and being that checked about incoming or outgoing transactions in between those funds that had been going in and out on the said platform. As an owner then since you have agreed on what are those terms and conditions that they have been set out then
it would really be normal that you would really be  trying out to implement on whats been asked out in regarding about money laundering.

We know that gambling business or platform could really be able to mixed up or clean up those tarnished funds if there's someone who would really be tending on making up a deposit on a certain casino
and would really be planning on wagering it out to make those coins clean and if those things would be easy to achieve then this would become the best place on cleaning up illegal coins which is something
that owner of these business wouldnt really be letting it to happen since they do know that they are putting up their business at risks.

You will never know. There are still casinos that aren't really that compliant with law enforcement and regulators unless they're really pressed hard to divulge information on the said matter. To some casino operators, it's just additional work, though these casinos are very few and far between. As we can see, a minor deviation from your account's usual pattern often triggers the casino's security systems to raise the alarms and send the additional KYC. So I think in this aspect of the casino, the money launderer stands no chance if they got their funds held for obvious reasons.
2066  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: July 01, 2023, 10:25:51 PM

Wow! This is how streamers make money through big affiliate campaigns on Stake.
I doubt it is true but some Stake users say it is because RTP is higher on streamer accounts.
Maybe this explains why they are able to catch max wins every week Smiley

I've heard this one but somehow prove it there is no way to prove it only streamers knows and they will never say it
Last week I saw one of the streamer reaching 2x Max Wins in the same game and that was achieved in a row
It doesn't seem to make sense but that's what happens, maybe we consider it luck?
I am speechless at how much they lose and win at the same time on streams, back in the old days TrainWreckstv won over $25mln worth of max win on the Might of Ra slot by Pragmatic, IIRC. That is something more than luck, maybe they have switch for streamers and pick the users who have lucky seeds at a specific time. We may never know since both parties don't disclose contract details. No idea tbh, just my prediction.

Could be, to entice the viewers to try their luck and also bet big on the casino. That's how gambling streamers usually advertise the platform they are affiliated with. There's a high chance that the wins that they're getting aren't really going to them 100%, but only a portion of it since their odds are probably tweaked to get more wins. But yeah, Stake has high RTP anyways so players are still more likely to get some wins too, not just the streamers.
2067  Local / Pilipinas / Re: Bakit takot ang mga Filipino na pasukin ang crypto? on: July 01, 2023, 09:57:43 PM
Marami rin naman akong kakilala na gustong pumasok sa crypto, ang kaso nga lang e hindi nila alam saan magsisimula. Kadalasan, kapag itinuturo mo sila kung saan sila pwede magsimula o kaya e magbasa, ang sasabihin lang nila pabalik e, "wala bang mas madaling way?" Takot ang mga Pinoy na ma-scam o malugi, pero wala akong nakikitang willingness nila na matuto sa mga bagay-bagay para naman lumamang yung kaalaman sa kanila at hindi sila umasa sa iba. Negative na mindset nga siguro ng mga Pilipino ang gusto e puro kubra na lang at wala nang patungkol sa paghihirap bago manalo. Takot matalo, pero hindi naman gumagawa ng paraan para manalo.
2068  Economy / Gambling discussion / Re: How is your Gambling Pattern Like? on: July 01, 2023, 09:36:51 PM
I used to exclusively gamble on Saturdays for an hour or two, and I would only play dice and call it quits afterwards. That pattern was on for almost a year before I became busy and moved on to other things. Right now, I still find time to gamble, although not as regular as it was 3 months ago and not much has changed. I don't look for the casino, nor do my hands itch to get a game going. I know I wasn't hooked, but being a habit that I tried to keep for so long, it really messed me in a way that I feel like something is missing in a week if I don't gamble even just for a few minutes.
2069  Economy / Gambling discussion / Re: Minimum Age to gamble on: July 01, 2023, 09:18:31 PM
For online casinos, I believe they are not that strict when it comes to underage betting because they never know whether someone who is playing is an underage lad using the docs of someone else in order to gain access to the platform. There is just a lot of ways to game the KYC system for underage bettors to come through. In brick and mortar casinos however, it is a lot different. If convenient stores ask individuals not looking like they are 21 years or older whenever they want to buy booze, how much more would physical casinos to individuals not looking like they're old enough to be in such an establishment?
2070  Economy / Gambling discussion / Re: Motosport General discussion tread --- Formula1, MotoGP, WTCC, ETCC, DTM..... on: July 01, 2023, 08:26:54 PM
Today was really satisfying thanks to some rain. Wet track usually makes races more entertaining for spectators. Austria track was really slippy today after the rain. The start was really challenging for even Verstappen. But his defending was marvelous against Perez. After consolidating his place it was so easy for Verstappen to finish as leader.

Hulkenberg's making use of the chance to overtake Perez also helped Verstappen pull away quickly of course. Because Hulkenberg kept Perez behind for quite a while. I was disappointed with Leclerc today. I thought that he would collect some points. Ocon defended him very well and Leclerc made a mistake which even led to be overtaken by Norris. After that somehow he lost many places during pit stops.

But on a dry track tomorrow I will be expecting a solid performance by Leclerc. I hope we see some rivalry between him and Verstappen.

I'm slowly losing confidence in Leclerc clawing back in to the points. He's been practically given a lot of opportunities to get back some points on a lot of tracks now but he's still underperforming. It would be best if Ferrari focused more on Sainz instead as this guy is consistently performing every race no matter the track and track conditions, whereas Leclerc blames it on a lot of things. Anyhow, Hulkenberg's defense against Perez was really good to watch. If Hulkenberg can get a seat on a fast car, there's no doubt that he'll consistently get in the top 5. Lots of great defense and offense in F1 today in Austria's wet track and I love it.
2071  Economy / Economics / Re: Bad impact when You carry out Online or Offline Loans on an ongoing basis on: July 01, 2023, 07:33:33 PM
I don't understand why a lot of people are okay with borrowing on online apps that imposes an exorbitant interest rate on their loans. I'm pretty sure people will be given a chance to read the terms and conditions of a loan before signing on anything to finalize the deal. Plus, their availability and ease of access are what usually people state why they need to get a loan somehow for their own budget. it only takes a few minutes to read terms and decide whether or not the interest rates are worth the amount that we'll have to pay back for the loan
2072  Economy / Gambling discussion / Re: ️ Esports Prediction & Discussion Thread on: July 01, 2023, 06:33:51 PM
I saw mentioning about regions being tough, Indonesia is the toughest? Or where?

If you're looking for the toughest regions, you'll be looking at Southeast Asia (SEA), China, and West Europe. These are the hardest regions to thrive in as a pro team, especially WEU given how many pros are concentrated on that particular region and how good the organizations are. China, you are looking at organizations that are basically just giving points to each other depending on the tournament for them to get the best teams on TI. SEA, well, they aren't really the best region, but the skill level of the teams in this region are basically on par with each other that's why the qualifiers are always hard to decide which team will pop off and which ones will play poorly.

Thanks, yeah I would have guessed China and Japan or Korea though, I had no idea SEA is pro (I know they play a lot but I always assumed it's just a cultural thing with cybercafes and all that). Chinese teams giving points to each other is allowed? Haha.

Koreans never had that much interest in Dota 2 since they are more focused on League and Starcraft at the time. The only Korean team I knew of that has somewhat become successful is MVP with DuBu. Even I am quite surprised that in an RTS as complex as Dota 2, the Koreans aren't excelling that much. China, on the other hand, have focused more on Dota 2 instead of League, and they're the ones whom the rest of the world are looking at when they're looking at new strategies on new patches.
2073  Economy / Economics / Re: Ignore this Classic Business Law or Follow Your Instincts? on: June 30, 2023, 11:54:51 PM
It might be a classic suggestion but its better than to invest on a thing that you don’t understand and I don’t see any business mind there because for me, its more about of your greed and thinking about making easy profit.

Why will you invest on a project that might hiding something from you? And the only way to know that is to have your own research instead of believing to any marketing campaign. Again, invest on your learning first and money will come later on.

However, in my opinion, there are still individuals who choose to invest without adhering to those principles. I have observed some people buying Bitcoin without a fundamental understanding of Bitcoin itself. They make purchases based on technical analysis, hoping to identify patterns that align with their predefined formulas.

Cryptocurrency traders also seem to engage in such practices, particularly those who experience FOMO (Fear Of Missing Out) regarding a coin that is receiving significant attention. The success of these traders motivates many others to imitate their actions. This approach closely resembles gambling, as they rely solely on potential gains.

They're the exceptions, and I think not everyone has the knowledge to do technical analysis. Also, assets wherein TA can be applied are very limited to those big assets that a lot of people are trading on, so they're not completely unheard of to the laymen as they can easily know what those things are about.

The businesses that are being pointed out by OP in this scenario are the startups focusing on innovation and bringing new things to the table that not many people understand. Those are the wild west of investing to a lot of people, but not to those who have an inkling or surface knowledge of what those innovations might be.
2074  Economy / Trading Discussion / Re: The price dropping, any reason the huge dump? on: June 30, 2023, 11:41:00 PM
It's basically because apparently the SEC is saying that the Bitcoin spot ETF filings are "inadequate". Not sure how major/minor this news actually is, but it's definitely what people reacted to.

https://www.coindesk.com/markets/2023/06/30/bitcoin-tumbles-on-report-of-sec-saying-spot-btc-etf-filings-inadequate/

Pardon my ignorance but ETFs are still a thing that people still react to? Upon doing a quick search, it seems like the SEC didn't really completely rejected the filings, just asking for more information. Not sure why traders and people react to this that much, because the news seems harmless and it's not really disrupting a lot of things in the crypto space, if anything.

In bitcoin trading, I guess this is the part wherein I don't completely understand the dynamics, or I'm just too dumb to see the gravity of such news to the cryptospace.
2075  Economy / Economics / Re: Am I a bad person if I manage to avoid taxes? (Hypothetical question) on: June 30, 2023, 11:27:34 PM
I'm definitely not living in a country wherein healthcare and general welfare is top-tier, or something that can definitely help the impoverished people but to answer your question, yes, somewhat. The government, albeit not being perfect and most of the time corrupt, still provides services that help the impoverished and other sectors of the population. How are they able to do it? With taxes and donations. No matter how small your taxes might be, it still adds up to the budget of the government.

You are not a big bad guy if you managed to avoid paying taxes, but you are somewhat bad in a sense that you are benefitting from the public services the government creates and the public provide without giving your share.
2076  Bitcoin / Bitcoin Discussion / Re: Don't be intimidated on: June 30, 2023, 11:10:39 PM
If you reached the point wherein you need to sell something important to buy bitcoin and impress forum members that you obviously don't know anyway, then you have a serious problem about vanity and not money. Selling a lot of your assets to go all in on one thing is definitely a foolish choice, even if the asset in question it bitcoin or crypto. Even crypto millionaires advise against betting all of your money on one certain asset, and it's always best to diversify.

Research before spending something. That should always be the mantra of newbies on every new venture they're looking to get inside of and not just bitcoin in general.
2077  Economy / Gambling discussion / Re: turn $40,000 into $4,000,000 with me (Record 0-0) | $40,000 on: June 30, 2023, 10:40:36 PM
I remember your posts. It would be best if you would stop at certain milestones (eg. $500,000, then start over again til $4,000,000) to not lose everything all at once. You definitely have the guts and the gambling knowledge to do this challenge quite easily, you just have to avoid going all in to potentially get higher wins. Anyway, I'll be following this thread closely knowing that you already made almost $500,000 from basically a few thousands and I might tail some bets, too.
2078  Economy / Gambling / Re: Loophole in stopping Money Laundering through Wagering on: June 30, 2023, 09:59:29 PM
Now, about money laundering: Obviously the casino has records of losses and wins and they would give these documents to any law enforcement or government agency anyway. So that person would still have to explain the source of the deposits of his funds.

I think it would be easier for the casinos to get their 1% of the money launderer's money, so they keep quiet because its more profitable for them.

Sometimes the casino platforms also have to play ball with the law enforcement, so as to make sure that they are not getting a lot of attention and be a hot target for surveillance and whatnot. I'm pretty sure casinos know who launders money and who doesn't, and they would certainly let the bigger fishes pass while the smaller ones, they catch and send the additional layer of KYC, getting them records, and letting the relevant authorities know before they let these fishes' funds go.
2079  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: June 30, 2023, 08:23:42 PM
I saw mentioning about regions being tough, Indonesia is the toughest? Or where?

If you're looking for the toughest regions, you'll be looking at Southeast Asia (SEA), China, and West Europe. These are the hardest regions to thrive in as a pro team, especially WEU given how many pros are concentrated on that particular region and how good the organizations are. China, you are looking at organizations that are basically just giving points to each other depending on the tournament for them to get the best teams on TI. SEA, well, they aren't really the best region, but the skill level of the teams in this region are basically on par with each other that's why the qualifiers are always hard to decide which team will pop off and which ones will play poorly.
2080  Economy / Reputation / Re: Bitcointalk own Casino complaint panel on: June 30, 2023, 04:36:44 PM
The problem is, there is already a dedicated sub for that (sort of, the Scam Accusations board) although it still remains to be in the discretion of both parties whether or not they will be using the said space to voice out their concerns or whatever it is that they have differences with, especially on the side of the casino which can opt to resolve this privately however the forum members here will likely view that as something scammy or shady. Casinos won't really feel the need to respond to those accusations anyway especially if the amount is something trivial to them, and can be completed once the user of their platform becomes compliant to whatever they're asking.

I don't think it's also necessary to have a panel for this kind of thing. The boards are doing what they need to do just fine IMO, and it's up to both the parties on how they would resolve those cases using the board already present in this forum.
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