Not giving up in trading is important if we want to succeed in the long run. There will always be setbacks and periods of losses, it's part of the game. Not even the best trader in the world only make the right call and makes money from all his trades. You are right that the "real" loss only occurs at the time of the sell, so we could hold some coins until they recover and never take a hit. The problem is of course that this is not really efficient. When one of our coin drops in value we need to find out why, is it because of general market movements that send all coins down, or is it because investors lost confidence in that coin? In case the coin is not a good investment anymore, I think it's wrong to keep holding. Sure it might recover one day, but the chances are there are better investment that makes us more money. It's good to accept losses sometime to move on and find new opportunities.

Is there any particular reason why you don't want to use KYC? I am not sure if there is a 100% guarantee that a casino will not ask for it. In case the casino notices some red flags with your account they will always ask for some documentation, it's to protect them. KYC became the norm for many casinos when doing larger withdraws, I kind of got used to it. As long as it's a trust worthy casino that has been around for some time, I don't mind sharing my data. So far I had never any issues with it.
What kind of tips are you looking for? Strategies for slots or dice? I would be careful with paying someone for such general games, there is a high risk you end up being targeted by a scammer who only wants to take your money. There is a lot of randomness and luck involved in gambling and there is not the one perfect strategy.

I really hope this was the bottom and we are not going to see more dumps this year. The high volatility in the bitcoin market last week was really scary. The news article I read were really pessimistic and already expected a bitcoin price of below 10,000 USD. As always bad news sells much better and generates more clicks. Hopefully the longterm investors are not giving into that pressure and keep their coins. I am definitely not selling any of my coins. Also technical indicators showed the support barriers around the 14,000-17,000 USD level. And Robert kiyosaki stated publicly that he will be buying heavily around 17,000 USD.

My biggest purchase after gambling winning was a new bicycle for 800 Euros. Half the money for it I got from betting on CSGO matches and the other half from playing poker, roulette and blackjack. As soon as I reached my goal I withdraw all the money before I lose it again. Afterwards I started gambling from 0 again and build up a new bankroll.
I have a friend who doesn't like to gamble really. Several years ago it was the only time we could convince him to come to a casino with us. We were 4 guys who gamble regularly and my non gambling friend. At the end of the night we all lost our money and had nothing left. Only my friend who never gambles managed to get back a few hundred bucks, he only bet on 0 on roulette and won. That night he paid for all our dinners but never gambled again afterwards. Very good track record 

Not a bad trade in my opinion. European stocks are already underperforming and now with all sanctions against Russia the companies in Europe will be hit the the hardest. The cheap energy from Russia played a big role in the profitability of European companies. Compared to North America, Europe is much more dependent on Russia. The aftermath of the war in Ukraine will be felt in Europe in many more years. Unfortunately there isn't much we can do than invest internationally and try to diversify away from Europe. Ray Dalio is a great hedge fund manager, I have been following him for 10 years and read his books. He is usually right with calling out his big trades.

Becoming addicted 3-4 faster with slots is a lot. I had no idea the difference between slots and sports betting is so big. It might be due to the time spend on slots and on sports betting. Placing a bet goes usually very quick and we can just forget about it, but playing slots takes a long time. What would be interesting now is to compare the money people spend who are addicted to slots and the money addicted people spend in sports betting. I would expect people to bet a lot of more money than they play with in slots. In Las Vegas the slot machines are the games with highest RTP. So anybody who is looking to spend as little money as possible while enjoying all the free perks of the casino should stick with slots.

I think that unregulated crypto currencies are more safe for the investors than the regulated ones. Unregulated coins will probably have higher price movements and volatility compared to regulated coins. But atleast they are save from being intervened by some government agency. When it comes to regulations by the government it's always the question which government is doing it. China has a very different understanding of regulation than the USA. And the crypto coins lose some of its independence. I think retirement funds should allow investment in regulated and unregulated crypto coins. In the end it's our money we invest for our old days, as long as we understand the risks involved we should be able to choose where our money is invested.

Nato stated last week that they expect the Russia Ukraine war to last for several years to come. Russian military is planning up to the next 6 months. Everything looks like there won't be a quick end in sight for this war. Are we really prepared to keep the sanctions up for several years? Already now all the major economies are hurting, global growth is slowing down and inflation is rising. I am not sure if we can keep that up. I am also not saying that there shouldn't be international consequences for Russian, but there should be compromise. Same goes for the gambling industry, boycotting might work for a short period of time, but will we really be able to hold it for long? What if the Russian casinos start to offer really favourable promotions that would make some profits for us? I think eventually we have to look after ourselves and what is best for us.

I agree with you, the prices we are seeing right now are so generous. I bought some bitcoins this weekend at 19,000 USD with my poker winnings and my left over vacation money. It's crazy are so many people are selling their coins these days. I am wondering now if it's all panic selling and the sellers are making losses, or if it's some older investors who are taking some profits now. But why would anybody sell right now when they bought their coins below 10,000 USD back in the days. Now it's a good time to stock up on crypto coins, otherwise we cry during the next rally that we didn't buy any.

It is good to keep in mind that the casino faces the same risks we do. In case a whale makes a few large bets and wins than this could really hurt a casino, and in the worst case even let them go brankcrupt if they don't have the necessary funds. Especially for new casinos trying to build up their brand the risk is high to not be able to cover large outflow of funds from the website. Gambling is a zero sum game, for us to win the casino needs to lose, and the casino has not unlimited funds. So in the end for us to win some other gambler has to lose that the casino can payout our winnings. Gambling is not designed that all players win and become rich. In my opinion we shouldn't be looking at gambling as game that we must win. There is a lot of randomness in gambling and only a lucky few player really manage to win big.

Hi mate, I assume this is your casino. Are you limiting the countries that can access your casino? Because when I try to open your link it tells me I can't open this website. Maybe it's an issue from my end and not all browser support your site. From your two pictures it looks like a normal casino offering Dice and Roulette games. Are there any more games to play? I think the most important thing for any new casino is to make it attractive for new gamblers to come and play on your site. Maybe run some promotions like first deposit bonuses. Otherwise it is hard to stand out agains the other casinos.

It's really hard to predict how long this correction is going to last and when we will hit the floor. I didn't expect for the Bitcoin price to drop so quickly below 20,000 USD, somehow I hopped there would be more support at that level. Right now it seems investors are scared and afraid to touch any crypto coins that aren't stablecoins. Some doomsday investors are already a drop down to 3000 USD like 2019, that is a bit unrealistic for me. Once we are below 10,000 USD I would expect a lot of investors to start buying again. As for technical analysis they see a support level between 14 and 17,000 USD, after which investors should come back to the market. AT 17,000 USD was also the floor that Rober Kiyosaki stated to start buying Bitcoins again. But still, I am wondering who is selling his bitcoins now at 17-18,000 USD, it seems like a bad trade to me. Why not just hold the coins and sit out this bear market?

I don't think that with technology we will able to protect the minors from gambling who really want to do it. When I remember how it was when I was a kid, we couldn't be stopped by any age limitations. My friends and I invested so much time to circumvent technology that it became a game by itself. Who ever was able to find the first exploit or crack to access the 18+ content was the king in school. For a casino this is a big problem, because a few kids will gamble no matter what. Even with most kids not engaging in gambling below the age of 18, they know it's illegal and will follow the law, the casino needs to protect the minor. On the other side are the gamblers who don't want to share all their private information only to show that they are really 18. I think it's also the kids parents fault who gamble because they should supervise their kids. If the parents have no idea what the kids are doing online then it's hard to only play the parents. The best is to be open with our children and try and make them understand that gambling is risky and we can lose money with it.

Sounds like he knew something was wrong, because why did he make the same size withdrawals and gambled it all away in a few weeks? If he is addicted to gambling and has no more control over his finances than it's understandable, otherwise I think it's wrong. If I would ever get a large bank transfer by mistake I would never think about starting to gamble with it heavily. Even if the law wouldn't be clear on that and there could be a chance that I can keep the money. What if the money was send by mistake by some criminals and they find out my name and adress? I am sure they wouldn't be so understanding and accept an apology. And what if the judge orders him to repay all the money, including the one he has lost? It could ruin him financially forever.

Ja das glaube ich auch, die Schwankungen am Markt sehen wir schon seit einigen Wochen und El Salvador ist einfach kein so großer Spieler am Markt um über so lange Zeit den Bitcoin Preis zu beeinflußen. El Salvador hat etwa 2.300 bitcoins gekauft bei einem durchschnittlichen Preis von 45.000 USD. Wenn jetzt die ganzen Bitcoins bei 20.000 USD verkauft werden hätte das Land mehr als 50% Verlust gemacht, ich glaube dass können sich die Politiker nicht erlauben. Beim nächsten Wahlkampf wäre das ein zu großes Thema. In einem Interview hat der Finanzminister von El Salvador Alejandro Zelaja auch gesagt dass es bisher keine Verluste von Bitcoins gibt weil keine verkauft wurden. Ich glaub das beste was El Salvador machen können ist zu halten und hoffen das die Preise bald wieder steigen.

I think this is the right approach but might not work in the long run. The first time I saw the self exclusion program was in a poker App that added a panic button. Clicking it you could log yourself out of the game for 24h, 7d or 30 days. I never used it myself or heard from friends using it, but if you lose big time and are afraid to make a rash decision it could be a good idea to lock yourself out. The problem is that this is only for one casino and even if you locked out for 30 days, you could just go and sign up on a new website. For this to be efficient it would mean that all the casinos work together and you can't gamble anywhere else. Such a database with all the gamblers who are afraid to be addicted would also be a security risk if someone gets access to it. The percentage of people who are struggling with gambling is relatively small compared to the large number of gamblers who only play for fun from time to time. Nonetheless gambling addiction is a serious illness and casinos should do more to protect the gamblers who are struggling with.

To be honest, economic tragedy is part of the capitalist societies we live in. On average we face a big crisis every 7-10 years and in fixing the current crisis we usually create the next crisis that will hit us. Just in the last 20 years it was a perfect cycle for the boom and bust philosophy created by the politicians. In 2001/01 we had the Dotcom bubble, the low interest rates afterwards resulted in the 2008 mortgage crisis. Then in 2011/12 we had the European Government debt crisis which again kept the interest rates near 0%. Only the Covid pandemic was a  crisis that didn't fit into that pattern, but helped to keep the interest low for a few more years. It's been now 10 years with ultra low interest rates, facing high inflation was inevitable. As long as we live in an economic system that is based on capitalism I don't think there is much we can change.

I agree with you, right now the market is guided by fear. This week we saw a lot of panic selling happening. Why are so many people running for the door now? All the risky assets dropped a lot this week, but selling bitcoins now at 20,000 USD or even below seems like a very bad choice to me. We should be buying low and selling high, not the other way round. What I don't understand is why high inflation is pushing down on the bitcoin price so much. Shouldn't it be that inflation is bring down the value of fiat money and increases the value of crypto coins? The best thing we can do is HODL and not give into the selling pressure. Stable coin might be one solution to store value, but the more people sell at the moment also means the price will drop even further down. We can all stop the panic by not selling our coins.

It's hard to predict what will happen next for me because the downturn this week was a bit unexpected. Bitcoin dropping down to 20,000 USD caught me of guard but won't change much in the end. Right now there is panic in the market and that is never a good point to sell on my opinion. Even today with dropping below 20,000 I am wondering who is selling all his coins. For me I will keep holding out. That's also what I would expect in the near future, eventually traders will stop giving up their bitcoins so cheap. The market will settle down and volatility has to go back to normal levels. In 6 month I expect bitcoin prices to be much higher again. Unfortunately this is highly dependent on the Ukraine Russia war, if there is no end in sight at the end of the year than things could remain bad in the crypto market. The more sanctions the west impose on Russia the more will global growth slow down, hurting all economies.

I would say that it is a cat and mouse game between some gamblers and the casinos. The casinos are probably trying to staying ahead of the gamblers and limit the possibilities to abuse promotion system, but they have only a limited budget and there is always the possibility of human errors. When it comes to IT security we know there is never a 100% safety. If people are willing to spend enough time and money they will be able to find ways around it. The same goes for exploiting casino promotions. The larger the promotion of the casino the higher the incentive for gamblers to find an exploit. I expect that most gamblers are not actively looking to abuse the system. Only if it becomes to easy and the exploit is circulated online a large number of gamblers would use it. It's like someone teaching us the way to find free money. The casino on the other side will likely get ride of any abuse fast. I am wondering if casinos make an analysis to check how much money they make of a promotion, and how much money they lose due to abuses. As long as it's positive it should be okay for the casino.