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2121  Economy / Gambling discussion / Re: Slots is More Likely to Cause Gambling Problem on: June 13, 2022, 02:16:08 PM
A question to slots players out there, have you ever felt the uncontrollable urge to gamble after exposing yourself to slots games for a long period of time?  How did you manage to keep sane after being exposed to the most addictive gambling game in the industry?

Oh wow that's a big surprise to me, had no idea slot machines where so addictive. If you had asked me before I would have said that sports betting is much more addictive. Personally I like to do both but wouldn't say that I am addicted to either one. If I had to choose between the two I would probably pick sport betting because it's more fun and also more profitable. Slot machines are very common in my country, you can see them in many bars and every time I go drinking with friends with we spend a couple of Euros on them. The thing with slots is that we never really take any profits, if we win something we just spend it on more spins. In sports betting it's different, I like to take profits and save them. The idea is to one time win the jackpot on a slot machine, whereas the winnings on sports you already know when placing the bet. In my country I see many more people outside of the sport betting places than at a slot machine.
2122  Economy / Trading Discussion / Re: A season for stop loss on: June 13, 2022, 01:26:05 PM
This is the best time to pick your stop loss and make it an essential part of your trade. The market keeps falling and investors and traders alike keeps crying. It seems some wild prediction of Bitcoin giving those who missed the early opportunity of buying is coming alive. To avoid been caught up and trapped  by the market volatility stop loss should be as useful as every other technical or fundamental tool you can think of. It is better to risk a small fraction of your assets than losing it all

Stop loss orders are important tools for short term traders. We can all make wrong decision and a stop loss helps us to limit our losses. The problem is that in times of high volality the positions can be closed out way to fast again. Today bitcoins dropped 10%, which means that most of the stop loss would have triggered already. Another problem with stop loss is that it doesn't take general market movements into considerations. Over the last few months all of the big crypto coins lost in value. If we sell our positions through a stop loss where will we invest then? Switching into a different coin will likely trigger the next stop loss. Maybe selling right now is not the best option, because why didn't we sell when bitcoin was at 40 or 35,000? At such low levels now I would just sit out the storm.
2123  Economy / Gambling discussion / Re: Why is it so hard to win at gambling? on: June 13, 2022, 12:57:10 PM
Casino games are designed that there are higher chances of you losing than winning. The negative expected value in gambling is what makes the casino money, without it casinos would go bankrupt. The first problem is to look at gambling as a form to make money and become rich. That's not the case, casinos are a form of entertainment and not a guaranteed win. You can also look at it this way: for you to be able to win big in casinos, you need others to lose. Getting away from the focus on winning makes it much easier to gamble regularly.
Gambling addiction is the most extrem negative consequence from excessive gambling which is terrible, especially if it's happen in our own family. So far I haven't met anybody with this addiction but I read many articles about it. When it comes helping a family member with it, I think we can learn from other addictions like alcohol. We need to be aware that we can't change somebody, he has do it himself, they only thing we can do is help and support. Telling a family member that we love him and we want to help him in his struggle is important. This of course doesn't mean we should enable him, like don't lend him money. Rather offer him to take care of his finances for him, if he can't control his own money anymore. Having fixed budgets for every part in life could help a lot.
2124  Bitcoin / Bitcoin Discussion / Re: Don't sell your precious BTC to the whales! on: June 13, 2022, 12:44:26 PM
The bitcoin price is down 10% so far today, seems like some whales are panicking and trying to get out at any price. I am really wondering who would be selling his bitcoins at 25,000 USD? There is no way that I would give my coins away so cheaply. In the past I made the mistake once to sell all my cryptos during a bear market, never again. The best thing we can do right now is to HODL. Longterm I still believe in a positive bitcoin trend and we will see a new ATH above 100,000. The only issue is if we rely on bitcoins for our monthly income, then we are forced to sell at the current lows. We should be buying now rather than selling. Eventually the world has to realise that inflation will reduce the value of fiat money drastically, crypto currencies are the only future.
2125  Economy / Gambling / Re: What is a game you would like to see in an online crypto casino? on: June 13, 2022, 12:26:15 PM
I am a huge fan of card games and like to play them in a casino or with friends. In casinos the card games are usually black jack, poker and baccarat. All of them are nice games with easy ways to bet money on, but only Poker you play against other people. Most of the casino games you play alone against the dealer. I would like to see more community games against other players. This way you could play online against your friends and add some betting functions. The three most popular games I play with friends are Romme, Skat and Canaster. Maybe they are not popular enough for the big casinos, but I think among the older gamblers there could be some demand. As for the monetisation it could work the same way as with poker tables, take some fixed rake from each table.
2126  Economy / Economics / Re: Solar panels set to be mandatory on all new buildings under EU plan on: June 13, 2022, 07:00:11 AM
And another limitation from the European Union on all it's citizens, why can't we decide anymore for ourselves on what is good and what is bad? Do we really need to be fully controlled by politicans. I understand that we need to switch away from Russian gas and Solar energy is one way to be autonomous, but do we need solar panels on every house? The first issue is that we already have a lot of regulations on heat insulation for new buildings. The building cost for a new roof already increase 30% just by new insulation everybody has to use, then we can add another 30% due to inflation in the last years, and on top of that we now need solar panels. Like this it seems that cost of a new roof doubled in the last 5 years, which is insane. Also in the summer it's sunny and solar panels should be profitable, but during winter we see almost no sunlight. How will this be worth it to have solar panels then? I am not against green energy, but why does it have to be mandatory?
2127  Economy / Gambling discussion / Re: Do You Think Its One Too Many on: June 13, 2022, 06:49:09 AM
don't you think with thousand good feedback, its enough for the casino to lose his reputation with one legit accusation.

Though question, usually a scam accusation is a red flag for me and I would try to avoid that casino in the future. If it's an older casino and I only have good experience with it and so did many other gamblers, that I would give it another chance. It really comes down to what kind of reviews there are and how the negative issue looks like. Reading random reviews of a casino from the internet is not really trustworthy to me, I will always give more weight to a review here on the forum than any other side online. It's just too easy to fake good reviews online, but here on the forum if there are members who have been around for many years with a high trust factor, then we can give much more weight to it. So let's say the scam accusation comes from a Newbie rank with no other posts here before, than I am a reluctant to stop completely gambling on that casino. For a casino to scam it's customers I would expect them to do it to many customers at once, and not only one. Why risk the reputation of a well established casino on one single case?
2128  Economy / Economics / Re: COVID had widened the gap between world's richest and poorest on: June 12, 2022, 07:45:30 AM
Very sad to see that the gap between the rich and poor people keeps on growing. I wish the politicians would start working for the people and not only the 1% of the population. The super rich already have so much money that they can never spend it in their lifetime. Of course communism is not the option, we can't just transfer wealth from the rich to the poor, that doesn't work. If a country would try that than all the rich people would leave and immigrate to another country that supports personal wealth like Switzerland or some Asian and Middle East countries. The problem is that rich people control the politicians with their money and many lobbyist. That is also why so much of Covid help funds went to the big companies and not the people in need. The only money for the poor people was also directly spend on food and housing, whereas the rich people are able to save all their money. Right now with new high inflation environment I am afraid we will be seeing the trend will keep growing, the rich keep on getting richer will the poor will stay poor. And we will also see some of the middle class families becoming poor again, because all the savings will be eaten away by inflation. Only the rich people will be able to save their wealth from inflation.
2129  Economy / Gambling discussion / Re: The Pros and Cons of Bitcoin Gambling on: June 12, 2022, 07:28:20 AM

Now that all of us have an idea about the Pros and cons according to the source link,  I'd like to ask something to anyone here in the forum.

- Is it convenient to play in the Bitcoin Gambling?
- How does Bitcoin gambling work?
- Does Bitcoin Gambling can give a good opportunity to everyone?

- if you become addicted to gambling can it be said that it is a good result even though there is an advantage if you play in the Bitcoin
  gambling



I don't look at Bitcoin gambling any different than normal gambling. Since a young kid I was interested in gambling and always enjoyed seeing Las Vegas on TV with all the flashy lights. A gambler in the 80s in Las Vegas must have had a perfect live, that was the golden days back then. For me I started gambling when I was 18 and it became legal for me in my country.  So many years before going into crypto currencies I was already gambling. Taking the step from casino gambling to online gambling became natural for me during the Poker hype a few years. Then the Covid pandemic made it even more one sided. Now I haven't seen the inside of a real casino in more than 3 years.
Being addicted to anything in life is a bad situation, doesn't matter if it's alcohol, gaming, cigarettes or gambling, we need help to stop that cycle. The problem is not only all the money we spent on it but also the time it takes, we spend days only thinking about the addiction and have troubles focusing on important things. I don't think there is any advantage being addicted to bitcoin gambling compared to normal gambling. The opportunity of bitcoin in my opinion is that it gives us the chance to generate some additional income. Bitcoins in our wallet don't generate any dividend and especially for HODL investors our coins stay in the wallet a very long time. When we use some of the coins for gambling we can make some profits on the side.
2130  Bitcoin / Bitcoin Discussion / Re: Bitcoin price and actions to raise it on: June 11, 2022, 08:58:16 PM

This is the time to look around and ask: What else can be done to sustain BTC growth? How to increase interest in BTC?


I think the interest for bitcoins is still strong right now, it's just that people are very unsettled about the uncertainty of the next 6 months. There are so many issues the world faces that makes investing unpredictable. The Russia Ukraine war is still going on with no end insight, economic growth is slowing down world-wide due to rising inflation and the covid pandemic might still not be over. Without these issues the bitcoin price would be much higher with many investors buying instead of selling.
The most important thing the average bitcoin investor can do to stabilise the price is, not selling. Not giving into the selling pressure is already a big deal. Like this there is already less downward pressure on the price and also less supply for the short term traders who are looking for a quick profit. Right now the volatility is very high with prices jumping 5% in a single. Getting some more stability into the price would be could to calm nerves of the big investors. The second step would be to start buying when the price is below 30,000 USD.
2131  Economy / Gambling discussion / Re: Can You See Or Tell If A Fight Or Event Is Fix ? on: June 11, 2022, 08:36:35 PM
It could be on basketball, boxing or horse racing, or any kind of sport, after being in a particular sport for many years can you see or tell if a fight or event is fixed, there are upsets but in the back of our mind, there's a possibility that the match or game is fixed.

In today's world I would expect to find almost no fixed game anymore. I am no expert on fixing or cheating games, but it sounds more of a thing of the past due to much better video recordings of the matches. Now we can analyse every millisecond of a match from various angles, there are no more blindspots. The risk of a cheater to get caught is much higher now.
With horse racing I have no clue about fixing matches, but for basketball it seems very hard. A referee could favour one team and try to push them for a win, but that will likely be challenged by the enemy team and might not be enough for a win. Same goes for paying of a player to throw a game, if he plays to bad the coach will just substitute him. And then again missing a tree throws might not be enough to lose the game. Also in basketball the championship are usually multiple games. The best sport to fix matches would probably be boxing, there are only 2 fighters involved and while faking a KO might be too hard, losing by points sounds the most plausible. Everybody can have a bad day and not be able to give 100%. Problem is that this can only happen 2-3 times in a career, after that he is out.
2132  Economy / Economics / Re: Who will Replace Russian Gas Supplies to Europe? on: June 11, 2022, 07:49:56 PM
I saw news on CNN and CNBC that in this world gas reserves are very few and controlled by only a few countries including Russia, the process of making gas pipelines takes a long time especially now that many places have become residential so it is more difficult to meet gas, something that the most likely is the import of liquefied gas and of course a longer process is required.

Out of all the energy demand from a country, gas is probably the hardest to switch to different supplier. That is why the European Union is so reluctant to issue an embargo on Russian gas. In Europe has us bring distributed via pipelines which takes many years to be build and require political oversight. There is no way to build a new pipeline and be autonomous from Russia in one year. Liquidised gas could be one option, but for that the infrastructure is not there yet. USA would like to sell more liquid gas in Europe, so far they are exporting to Portugal and the Baltics. This is not enough to supply the whole demand in Europe. Political alternatives include solar energy and heating pumps that transfers hear from the ground. These things could be installed at all homes, but are very expensive. It takes a lot of substitutions from the government to make it feasible, and someone who has a few year old modern gas heater will not switch. These are long term solutions and will not help to switch of Russian gas short term. I don't see any real alternative to keep buying from a Russia in the next winter.
2133  Economy / Gambling discussion / Re: Ever thought of doing your thesis on Gambling ? on: June 11, 2022, 07:33:34 PM
On the other side it is great to see countries such as the Netherlands giving money to people who make thesis to solve society problems as gambling is a problem although us gamblers will never acknowledge this.

If the government gives money for a certain area of topics to write your thesis in than there should be some interest for the general public. In social studies, behavioural finance or mathematics there should be demand for gambling thesis without being looked at badly by colleagues. I don't like that the government only sponsors thesis that focus on problems in gambling. What about the benefits of gambling? I know society prefers to look at the bad things of gambling, but there is also good. For example, gambling offers a form of excitement, when we are gambling we are not outside, getting drunk and making a mess. And gambling provides jobs for people and some lucky few even manage to get rich through it. We also shouldn't forget that the government benefits through taxes from gambling. Especially the monopol on big lotteries makes a lot of money each week. It would be nice to see a thesis that looks at negative impact from leisure things like cigarettes, alcohol and gambling. Comparing all these issues against the benefits in society would be very interesting.
2134  Economy / Trading Discussion / Re: Is trading journals worth it? on: June 11, 2022, 07:26:05 PM
What are your thoughts on having a trading journal to better your trading experience?

I think this is a very good idea and we all should be doing it. When it comes to trading and investing I have two ways of keeping track of my trades. The first one is an excel sheet where I write down purchase price, dates, fees and which exchange I trade on. This is very short summary and I need it to get a quick overview and to calculate taxes. All the information is stored electronically and can be accessed from my phone. The second way how I keep track of my trades is an trading journal, it's a ledger where I write in by hand using different colors. The journal for me is not so much about at what price  I am buying and selling, but rather the rational behind a trade. For me it's helpful to write down important research and what made me decide to enter a particular trade. Like that I can go back after a few months and see if it was a good trade and if my expectations where correct or wrong. Without the journal it would be too much to remember.
2135  Economy / Gambling / Re: Gambling Brand Name Vs Site Functionality? Or Both? on: June 11, 2022, 06:38:57 PM
Branding is the major focused on people today why?
Because they want to reach out to the audience and make their businesses excellent, well known. But there are something more superior than that which I will say is; Security, Trust as well as reliability. Now if you talked of branding, you can all forms of brandings and have less trust and credibility which would or could make people scared or far from yours site since it's not trusted. Gambling is permitted to start small and to gain trust before focusing on branding while vast majority of people can smoothly accept your rebranding. No gamblers can accept to lose money from any site despite their brand name or but if none branded site is more reliable and trustworthy gamblers moved down to it and gamble after which they can withdraw without limitations.

I agree with you that branding is important in today's world and that in the gambling industry new casinos need to build up that trust. Most people will be critical towards anything new and prefer something that has been around and is well established. To build up a brand, a good band is important. A new casino should choose wisely their name and make sure it hasn't been used in the past or has some negative implications. But a good name can do only so much for a new casino, with it alone the company can't build up trust. To be able to compete against existing casinos and become a professional and profitable company it requires a great website. Only if the layout and functionality are state of the art the casino has a chance to survive in my opinion. In the last 18 months we saw a rising number of new crypto casinos all trying to fight for market shares. The competitiveness in the industry also makes sure that companies invest heavily in the online infrastructure. In case there are issues with the website and the functionality can't be guaranteed, than I don't think that there will gamblers deposit large amounts of money at that casino.
2136  Bitcoin / Bitcoin Discussion / Re: How do you educate petty traders in adopting Bitcoin? on: June 11, 2022, 08:44:53 AM
What steps would you take in drawing the attention of the traders to Bitcoin?

To be honest I haven't given it any thought to promote bitcoins among the small business owners in my city. There aren't many places where I come into contact with street sellers and vendors. Most shops in my city are big chains which aren't very personal shipping experiences. Over the last 10 years all the small businesses closed down, the only ones left are small tahr away restaurants or kiosks. The kiosk closest to my house is run by an old Indian man who is talkative and friendly. I tend to buy snacks and beers there after work even though it's more expensive than supermarkets. Maybe I should try and mention bitcoins to him, but he is definitely above 60 years old, would be better if his kids could help him with crypto currencies. Then again who would actually pay with cryptos for cigarettes or alcohol there? Most of the regular customers I see there are also quite old and drink a lot of alcohol. Maybe retuning old bottles and getting the money in cryptos could be a way to promote it.
2137  Economy / Gambling / Re: Casino Game on: June 11, 2022, 08:12:42 AM
I believe one of the reasons why most of the reputable casinos find this forum to launch part of their campaign is because of it standard and level of trust it has earned and this also portrait the fact that you hardly see a signature casino campaign here not performing good, aside from the members on he forum here who give a try to some of those casinos on the gambling sections, many people out there as well come to the forum to seek for the latest trending casinos from the forum here through their campaigns and discussion threads.

I agree with you, running a signature campaign here on the forum is a good way for a casino to promote itself. The forum gives the casino to have a very targeted approach to it's customers. Every user here on the forum is interested in crypto currencies, that's why a casino that would like to attract more crypto gamblers should be here. People in the sub forum Gambling are interested in sports betting and gambling, and use this forum to exchange their experiences. A casino that is running a scam, or has very bad customer support will be flagged red very quickly here. That's the power a big forum like bitcointalk has, it can protect each other from falling for the same mistakes and brings some form of security. Casinos who have been part of the forum for years have a high trust rating. It also helps here to talk about strategies and new promotions. It's a quick way to share any gambling related news quickly. I think there is a high correlation for a casinos presence on the forum and it's profitability.

2138  Economy / Economics / Re: Jamie Dimon says ‘brace yourself’ for an economic hurricane on: June 11, 2022, 08:06:55 AM
Doesn't really seem like something to be honest, since the start of the Ukraine Russia war have economist predicted a downturn in global growth. Right now the government is at the end of it's rope when it comes to monetary policy. The usual habit for politicians since the 2008 financial crisis was to lower interest rate and print money whenever needed. For more than 10 years we have been in a ultra low interest rate environment, banks paying 0% interest on bank accounts for years. The average saver has been losing money even with inflation rates around 1-2%. But now we are facing inflation rates of 5-10%, there is no more possibility for politicians to keep the interest rate low and print money. The risk of running into hyper inflation is high now, and once we enter such high rates it will be hard to get out of it anymore. The high volatility Jamie Dimon writes about we already have since March. Prices are fluctuating on a daily basis, including crypto currencies. For me there is no real alternative to not be invested, holding cash is no option with the current inflation. The best we can do is to HODL and face the storm.
2139  Economy / Gambling / Re: Betting Bots and Simulators on: June 08, 2022, 03:42:29 PM
That's an awesome project, thanks a lot already for the work you put in. Running some simulation on our strategies is a good idea and can help to see if it's profitable in the long run or not. I am not sure how much work it is for you to add additional casinos, would be nice to see all the major crypto casinos in your website. In the past I ran some simulation on Excel, but these were not based on direct casino seeds, rather on some simple probability calculations. We know all the winning chances of the games and can build strategies on that, using exact casino rounds is much more precise. Of course this is always an simulation only, and even the best strategy build from simulations is no guarantee that we will make money from it. It's a good indication and validation for our stragies. Now I am wondering if you could actually make money with your site  Cheesy

2140  Economy / Trading Discussion / Re: How weird is it to borrow money and invest into Bitcoin? on: June 07, 2022, 12:30:56 PM
Well if you borrow money without an interest to invest in Bitcoin then i will say that it was great, but if you borrow money with interest i think you are in a very risky position, we already know that crypto investment is risky and every year there is a market situation that can make is loss or earn look at btc now it is dropping from the 60k$ ATH on year 2021 it is now 29k$ imagine how frustrated you are if you saw your investment drop and the money you used to invest has an interest to pay every month that was very frustrating.

That's exactly the reason why I would advice against borrowing money to invest in crypto currencies. On paper it sounds like a nice way too boost profits, but there is no guarantee that it's actually going to work out. Markets can move against us, and when they do it means that it will hurt twice as much when we lose and when we have to repay the loan. Getting a loan with zero interest rate is hard to get, and probably means asking friends and family for money. The problem with trading with their money is, that they might need the money short term. What if you are forced to sell at very bad levels? For me there is just too much risk involved, better to first save and invest later. There is also the risk to ruin your credit score if something goes wrong.
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