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2121  Economy / Gambling discussion / Re: Why is it so hard to win at gambling? on: June 20, 2022, 03:49:22 PM
To win in gambling we need some extra ordinary luck for a regular period of time which is not possible.
Gambling is always designed in such a way that most of the games goes into the favor of the house edge which is the casino.
This is one of the major reasons why we lose gambling frequently.
2122  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 20, 2022, 01:54:32 PM
Seems to be a lucky day for me. Had some 33 WoF spins and spinned it all. Voila, got some nice 1500 RP which was most needed.
Need to collect these RP while the returns are high. Still half way left for the 100k RP.
]https://i.ibb.co/H452vb0/60419424.png
Well, considering that you made 33 spins, what isn't small number, I think that your winnings isn't something special. I'm lazy to count, but I think you mostly got 50 Sat worth prizes, not even 500. I don't really like that when Bitcoin goes up, WoF rewards goes down to. But when Bitcoin hits it's lowest level in recent year, rewards can't exceed 50 Satoshi.

Yes, all of them were base rewards of 50 but the special thing is that most of them were in RP.
So the reason I said I am lucky is because I value Satoshis and RP more than lottery tickets.
Out of 33, 10 spins got me 50 sats each, 11 spins got me lottery tickets and 12 spins got me 1500 RP.
There was one spin which got me 500 RP  Grin

2123  Bitcoin / Bitcoin Discussion / Re: Bitcoin Food for Thought!!! (Bear Market Special) on: June 19, 2022, 04:41:40 PM
I've always said that there is no problem with selling bitcoin, I'd go as far as saying there is even no problem with panic selling bitcoin either. The problem is not buying back soon after. Imagine if this person who panic sold below $20 had bought back when the panic sell ended and before the price started shooting back up again.

It's the same scenario repeating itself every time we have a drop. A large number of weak hands panic sell but they don't buy back, only a smaller percentage of people are buying these days. People who would be called whales a couple of years later.

That hit me hard. It's the same people like us who "bought back" at right times multiple times and are now the whales.
I never sold my bitcoins. I only sold some of them when I had the necessity but otherwise I kept HODLing on to the rest.
If only I had sold and bought back then I could have accumulated more coins. But then I am happy to not lose those coins by not buying back.
I still have a chance to buy more right now while it's low and keep accumulating. May be I may sell later at peak and buy more later again.
2124  Bitcoin / Bitcoin Discussion / Re: BTC is being too nice. Most people don't deserve the chance to buy it so cheap. on: June 19, 2022, 04:35:11 PM
Since there is no positive news regarding bitcoin and crypto right now,we can still wait for more "discounted" price.You know the usual method,buy the rumor,sell the news.So if there are no solid rumor yet,wait till the market started to show slight recovery and then go in.

That's the thing. This time is certainly to wait and watch how the market is behaving.
I think it will take a while before we find the bottom and even after that we will get ample time to enter our trades.
So better to wait for bitcoin to settle down and then buy the freaking dip.
2125  Bitcoin / Bitcoin Discussion / Re: Did Bitcoin Disappointed You ? on: June 19, 2022, 04:25:30 PM
Do you get disappointed when you buy an item at 70% discount ? I guess not.
That's what is happening right now because is at 70% off from it's ATH price.
We should be happy because we may NEVER see this prices again.
What if the next bull run crosses $100k and then we never see this price of $19k per BTC again.
So this might be a moment of history that we are witnessing bitcoin at such cheap prices.
2126  Economy / Gambling discussion / Re: Deriving pleasure in gambling even while losing. on: June 19, 2022, 02:49:20 PM
Almost everyone that engaged in gambling did so with the sole aim to making money through winnings from their bets, and I don't think there's any reasonable gambler that goes on comfortably smiling in the process of losing his money to gambling no matter how little in amount the stake might be.

For I often wonder how gambling will look like for a gambler going on for days or weeks be it with online casinos or betshops without winning even a stake but then I discovered a certain guy around my neighborhood that I met within one of the betshops around my street that enjoys and derives pleasure in just playing gambling even without winning any stake. Like this guy has no big deal with losing his bets as long he keeps on playing and it baffles me if it's a psychological issue or what?

For it baffles me that someone could decide to engage into gambling only because of the pleasure he claims to derive while engaging in it as opposed to making profit or winning money which is every gamblers most concern.
Just yo raise some discussion, could this be a psychological related issues or is just a normal thing?
Also, have you come across such persons and what was your expression?

It is absolutely normal to have mindset like that where you keep gambling and losing money yet you have fun doing it.
Even I do gambling some times and while I know I am going to lose my money I still proceed with that.
I gamble the money which I can afford to lose which is the reason why I have fun while gambling.
If gambling is not fun then there's no point doing it.
2127  Economy / Gambling discussion / Re: The digital ID for Gambling on: June 19, 2022, 02:13:08 PM
The problem is that by using digital ID there are chances of identity theft. Since the IDs will be stored online it might become vulnerable to hackers.
They must have high security on their site if not the outcomes might be disastrous.
Further more, using digital ID the government will be easily tracing the users for how much they gamble.
So that is kind of a privacy issue and the governments can very well take advantage of it.
The only useful thing that I find using digital ID is that it will restrict children under 18 from gambling.
May be if the government put a certain restriction on people from over gambling then may be that can help.
I think that governments are taking advantage of entering people's privacy using the most vulnerable possible excuses of "protection", I respect everything that has to do with security, but I know that trusting governments or banks is suicide, they they want to have total control over people, make sure that no one has their privacy, see and track all the operations that have to do with money, how many people move money and why they move those amounts, I think that will be a trap to apply all the acid in the future, of course as I said before, these are my thoughts.

Yes ofcourse, the governments are already doing that by implementing mandatory KYC for bank accounts.
So in a way, they are already tracking us and what we do with our money.
Cryptocurrency is the only way to get out of this trap yet people are not willing to adopt cryptocurrencies.
People are getting used to the comfort of fiat currencies giving away their control over their money instead of owning their money by having an initial struggle to control it.
2128  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 19, 2022, 04:05:46 AM
Seems to be a lucky day for me. Had some 33 WoF spins and spinned it all. Voila, got some nice 1500 RP which was most needed.
Need to collect these RP while the returns are high. Still half way left for the 100k RP.



2129  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it better to have 5, 12 or even more coins? on: June 18, 2022, 12:38:03 PM
The list 2 looks really nice and diversified into various fields.
$1k into each of them is a good amount and I think when the market rises, having this portfolio will show better results.
You can also track the history and find 9it the gains of last 1 year from these coins.
It will show you well these coins have performed over the year and may be then you can take your final call.
2130  Alternate cryptocurrencies / Altcoin Discussion / Re: Reason why I won't be buying top altcoins in this bear market on: June 18, 2022, 12:29:49 PM
I think OP is partially correct. There may be some altcoins which may not hit their ATH again but we can never know which those coins would be.
At the same time, its the altcoins that rise more in a bull market so avoiding investing in altcoins would be again a major missing for the bullish gains.
It all depends on how good we are at coin selection. The game is to enter a good trade at a good time.
2131  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 18, 2022, 11:59:32 AM

I had sold my FUN for a price of 30 sats long back and accumulated some sats and I am waiting since then for FUN token price to drop.
But the price is constant since then and I wonder when the price will drop in sats.
At the same time I am earning the 4% interest on the accumulated sats.
Hopefully the price drops so that I can buy more FUN tokens and utilise those WoF spins.

I am not selling anything and just staking my FUN tokens. Most of them are locked with 1 year, but I might sell some, when they get released. I think in the long end, the initial buying price doesn't really matter as the benefits with the premium membership are interesting enough. I still hope, that if the planned roadmap goes good, that we will see another increase in price!

That's true. Even I have some tokens locked in for 1 year which I would be holding for even longer I think. The benefits are really good for FUN hodlers.
At the same time I am "trying" to trade FUN tokens and profit out of it. It's just an experiment though.
Do you have the roadmap for FUN token ? Can you provide a link to it.

I think one year locking is quite a lot of time for people with more than 50k or 100k FUN tokens.You cannot predict what will happen in one year to the price especially now that Bitcoin price is going down massively,one that locks such big amount for that amount of time risk to lose times when the price of FUN token increases a lot let's say 15-20 Satoshis more than when you bought them and thus losing big on the gains if they were to sell a big amount of the FUN tokens they hold.This is just my idea though,I see a lot of people here not bothering locking for 1 year,personally max I lock is for 1 month.

That's a good point. The amount of FUN token we lock also matters.
I have locked 2500 FUN tokens only which is why I am not bothered on the price gains we could have made.
I enjoy the WoF spins for the same which kind of compensates it.
On the other hand I also have the same amount of FUN tokens which I trade and try to get the gains out of it.
So I guess its better to have it this way where we can utilise the benefits on both the sides.
2132  Bitcoin / Bitcoin Discussion / Re: Michael Saylor margin call if Bitcoin dumps below $21,000 on: June 18, 2022, 05:24:36 AM
It's very hard to believe that number $3562. If it came to that, he would lose EVERYTHING. It would be completely liquidated. That is, a fund that had billions would disappear. Long before reaching that point, he would have had to look for several options to stay rich. As well as several other funds that became multimillionaires with this latest price hike.

There seems to be a very high gap between 19k and 11k. I hope the market doesn't test this 19k, as there could be a slingshot effect knocking down the rest of the market.

But the danger is that if bitcoin reaches the price of $3562 and the company decides to sell all of Saylor's coin then just imagine what disaster it would cause.
57k bitcoins selling at a price of $3.5k would literally drag the price further down and it may go below $1k or $500.
Who knows it might even be the end of bitcoin since there will be a hell lot of panic in this case.
But I hope that doesn't happen.
2133  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 18, 2022, 05:08:11 AM

I had sold my FUN for a price of 30 sats long back and accumulated some sats and I am waiting since then for FUN token price to drop.
But the price is constant since then and I wonder when the price will drop in sats.
At the same time I am earning the 4% interest on the accumulated sats.
Hopefully the price drops so that I can buy more FUN tokens and utilise those WoF spins.

I am not selling anything and just staking my FUN tokens. Most of them are locked with 1 year, but I might sell some, when they get released. I think in the long end, the initial buying price doesn't really matter as the benefits with the premium membership are interesting enough. I still hope, that if the planned roadmap goes good, that we will see another increase in price!

That's true. Even I have some tokens locked in for 1 year which I would be holding for even longer I think. The benefits are really good for FUN hodlers.
At the same time I am "trying" to trade FUN tokens and profit out of it. It's just an experiment though.
Do you have the roadmap for FUN token ? Can you provide a link to it.
2134  Bitcoin / Bitcoin Discussion / Re: Bitcoin Hodlers are actively buying bitcoin these days on: June 17, 2022, 02:54:18 PM
This is really exciting. Although the dump is bad but at the same time I am happy to get such an opportunity to buy BTC at such cheap prices.
Thanks to all the weak hands, now we can buy more BTC for the same amount of money we used a year ago.
People are saying bitcoin will dump more and in that case I would like to wait further to see if I can buy more satoshis at cheaper prices. I am getting so greedy because of the dump.  Grin
2135  Economy / Gambling discussion / Re: Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him on: June 17, 2022, 02:49:18 PM
Never touch money if you aren't aware of who sent it to you.
May be someone sent it to you wrongly or may be someone wants to frame you and knowingly sent it to you.
You might use the money thinking you are lucky but the next day the cops are outside your house for money laundering or terrorist funding.
It's always better to wait for at least a few days before you take any action. Reporting it to cyber cell is the best thing to do in such cases.
2136  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: June 17, 2022, 02:16:08 PM
If that is the case as many expect here then it would be a good idea for people who hold FUN token,to continue to buy further if they have the possibility or to buy a couple of FUN daily from winnings from Premium Membership and wait for that massive crash of price that would entitle us to win quite a lot of Satoshis,in the recovery we can buy back FUN at a much lower price then we will sell.I only hope this prediction come true but I think we will see what everyone do not expect,a huge price recovery.

I also started buying FUN tokens using winnings from free spins and multiply, but I think that I am very far from the necessary 2,472 FUN to get the opportunity to daily 4 free spins WOF, sometimes I just don't go to the site for a few days, it would be easier to make a deposit and just immediately buy the required amount of FUN.

I had sold my FUN for a price of 30 sats long back and accumulated some sats and I am waiting since then for FUN token price to drop.
But the price is constant since then and I wonder when the price will drop in sats.
At the same time I am earning the 4% interest on the accumulated sats.
Hopefully the price drops so that I can buy more FUN tokens and utilise those WoF spins.
2137  Bitcoin / Bitcoin Discussion / Re: HODLing strong! on: June 17, 2022, 01:53:05 PM
HODLing since 2013, never sold a satoshi. The storm will pass and one day we will see BTC above $1xx,xxx . Good things come to those who wait. Losers deserve buying crappy fiat: money without long-term value backed by the banks. BTC is being too nice to the people: offering them so many buying opportunities yet they don't see them. Let them stay poor.

Hate to break it to you, if you never sold any, you never made a profit.
Paper gains are not real gains, as real gains or losses only happen when you click sell.

So it does not matter if you own millions of dollars worth of bitcoin,
if you are never going to sell, you are poorer than those that do lock in a profit every now and again.

There is an old saying, if you don't use it, you lose it.  Cool

Tough to say but you are right. It took me two major crashes to understand this fact.
The last one in 2018 and the current crash which is ongoing. We could have made profits selling above $50k and buying back now.
But by HODLing forever we are missing out on these profits as well.
2138  Bitcoin / Bitcoin Discussion / Re: Is crypto winter setting in.. and how long will it last on: June 17, 2022, 01:39:57 PM
Crypto is here to stay no matter who speaks against it. May be there will be altcoins popping up here and there while some established altcoins may also die but bitcoin will stay.
It may take the end of next year to recover from the dump and until then the market will keep correcting and consolidating.
One who HODL strong will survive this fall and the rest will lose money selling at cheap prices.
2139  Bitcoin / Bitcoin Discussion / Re: Michael Saylor margin call if Bitcoin dumps below $21,000 on: June 13, 2022, 01:21:05 PM
I am wondering about those miners who would calculate their earnings to see if mining is profitable or not.
Because they stop mining and buy more bitcoins directly instead. That would create a significant pump in the market and the lat time I heard about it was that the profitable price was around $25k.
All in all, things are really uncertain this time but I think Michael Saylor would have thought this true and won't let any liquidations to occur at his side.
He's a smart person and in fact we all are in it together. We should HODL strong.
2140  Bitcoin / Bitcoin Discussion / Re: Don't sell your precious BTC to the whales! on: June 13, 2022, 01:06:02 PM
We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!

Been there, experienced it. This is the reason why I am not panicking at all.
It feels a different sense of relief when you know that bitcoin will definitely recover from the dump and create a new ATH.
I am not selling my precious coins lower than $60k. In fact, I will accumulate more at regular intervals to make my stack bigger.
This is the only strategy that will work wonders in the long run.
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