I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.
Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.
Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.
How come it is better to have no money to invest in Bitcoin? I mean, you need money to invest in bitcoin. I get what you are trying to say. That if you have no money, at least you will try to learn about crypto currencies and the market, but lets be honest over here. If you never actually invest in crypto currencies, you won't really be learning anything. Reading from lots of books, articles, watching videos and trading on demo platform might help you a little, but as long as you don't get real experience, you haven't really learnt much. |
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I don't gamble much, but I don't remember feeling "remorse" when gambling. Might be very likely I am light gambler, and I gamble just for fun. But people out there that has "remorse" after gambling, are like all other addicts. We have seen those other addicts that has remorse after doing something, but then again, starts doing the same thing when the "remorse" passes away. Of course, if the person wins, we won't be having any remorse. But if the person loses, and has remorse, then he might either stop gambling, or in worst case scenario, he might be running after the loss, causing him to lose more.
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The Rich/Government has used money as a tool to oppress the poor in a way that they practically use it to control everything in the world with the help of financial institutions.
The high class as they are called has maintained dominance in everything, not to be bitcoin biased or cynical, but in this case, I see Bitcoin as the alternative to this controversy and if we want to eliminate the power that is intoxicating us, then we must advocate for alternative means, Bitcoin as a currency without any central control will handle this menace in a manner that everybody will have power, control and self custody of their bitcoin, the market forces will now depend on more individual investments in it and group or institutional adoption, just imagine making Bitcoin handy and accessible to the populace.
I think the world will be a better place without notice or segregation between the rich and the poor if Bitcoin is embraced fully since Bitcoin is not a currency of a particular country everyone has the equal right and power to either store it or use it.
You can't fix the whole world by "fixing" the money. I guess you are trying to say that with the removal of centralized financial system, and embracing the decentralized crypto currencies, the world will be a better place? Nope, I don't think so. Lets be realistic here. Even if the centralized financial system is removed, as long as we have a "centralized" government running the country, there won't be any "decentralized" crypto currencies. The government will twist the laws to make make the usage of crypto currencies in their country centralized and will try to control the currencies. What if the government put laws such as not accepting any transaction that comes from a "non KYC/verified" source. What are you doing to do then? They won't say that bitcoin is illegal, they will only say that we can't accept this bitcoin from you because we don't know the owner/source of those coin. |
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Our history of posts indicates that many of us are active contributors to the gambling board. We engage in discussions about various aspects of gambling, including sports betting, different casino games, and even stories, whether real or fictional. The topic of gambling addiction has been extensively covered, to the point where one could compile a short book on the subject just from our discussions. We have also shared our opinions and insights on gambling strategies. Considering all of this, I would like to ask: - Has being an active participant in the gambling section helped you develop more effective strategies for winning bets?
- Has it aided you in overcoming gambling addiction (if you were addicted) or developing healthier gambling habits?
- Have you noticed an overall improvement in your gambling experiences?
Let's delve into this topic because beyond simply increasing post counts, there must be genuine benefits to actively participating in these discussions. 1. I don't really gamble, but I doubt it would help anyone to develop a "better" strategy reading those threads. Most of the "strategy" posts are nothing, but just regular strategies that almost all gamblers know. 2. Never had gambling addiction, and I also doubt threads would help someone overcome gambling issues... 3. Like I said, not a gambling fanatic, but yes, it would help people improve their gambling experience as it helps them know more about the casinos. |
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Hey folks,
I just have to get this off my chest: I absolutely hate Proof of Stake (POS) for Bitcoin. It's like the killer of projects and takes us back to the days of centralized control. No thanks!
Let me break it down for you. POS puts power and decision-making in the hands of a few who lock up their funds. That's just not cool. Bitcoin is all about decentralization and giving everyone a chance to participate. That's why Proof of Work (POW) rocks!
POS brings its own set of issues, like the "double-signing problem" and the "Nothing at stake problem." It messes with the system's objectivity and reliability. With POW, we've got a solid foundation. The computational work required to mine new blocks ensures the validity of the ledger and keeps things trustworthy.
And here's another thing: POW can be optimized! We can find ways to get rid of those pesky ASICs and make the mining process more inclusive and fair. We have the power to make it better, folks.
So, let's stick with POW for Bitcoin, okay? POS just doesn't cut it for me. It brings centralization, vulnerabilities, and limitations. POW is where it's at – promoting decentralization, reliability, and room for improvement.
Feel free to share your thoughts and prove me wrong if you dare. Let's keep the discussion going, but I'll be over here rooting for POW!
Cheers!
You hate and are worried about something that doesn't even exists.... I doubt we will see bitcoin moving to Proof of Stake. The chain might split and a new chain might be created that uses proof of stake, but it will be just another "altcoins" like all other altcoins that tried to bring "change" in bitcoin, but failed miserably. If bitcoin moves to proof of stake, it might become centralized which is what bitcoin is against, so I can almost assure that we won't be something like this anytime soon. |
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Yeah, I think we shouldn't be promoting bitcoin as a "profit" making scheme, rather a currency that can be used globally without any third party being involved. But sadly most people associate bitcoin as an "asset" that they can invest in to make profit in the future. This destroys the whole purpose of bitcoin being a decentralized currency that will make people less dependent on centralized financial institution where individual people has no say in making any decisions, nor any freedom on how to use their money. But we can't blame people for using it as a long term investment opportunity due to some drawbacks that make bitcoin sometimes unusable as a day to day currency.
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Dear newbies pls don't rush into making Bitcoin investments like selling a property very valuable to you just to impress on the forum or putting in your entire savings to purchasing Bitcoin I am not against making Bitcoin investments but
Before making Bitcoin investments always make sure the odds are safe for you like some members here will say "" make investments that will not affect you" in other words make investments with free money except you have more profiting ideas than hodling
I am sure this is what other investors here do
Of course you shouldn't be selling your stuffs, especially assets to invest in bitcoin. That would be the worst financial decision some would make in his life. Sure, if you have some money lying around that you wouldn't need in the long run, then yes, you can invest those money as long as you can afford to lose. But I doubt anyone can afford to lose their all their "assets". In fact your properties and assets will eventually appreciate over time with you having to take less risk, so that wouldn't be a wise decision. And also you don't invest on bitcoin based on "odds". Investing in crypto isn't gambling. |
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Crypto is not a form of gambling. I bet those "MPs" know nothing about crypto currencies or how bitcoin works. Yes, it would be gambling if you don't know what you are doing or what you are investing in. It would be gambling if you go all in and expect to make quick profit in few days. But look at the charts. Those who have invested and held for years, they are all in profit. More like bitcoin "almost" guarantees you profit if you are willing NOT to sell when you are at a loss. Can you make such claims when gambling? Nope. But yeah it is gambling if you go after shit coins and meme coins. Other than that, it is just some excuses by the government to try and control bitcoin.
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Wouldn't deny that there is a relation between social media and bitcoin. Let's be honest here, most people now received most of the information from browsing social media. Yeah, it can be a good source for gathering information, but sadly there are also information that people shouldn't buy easily. Most news there isn't "regulated" (unless it is political or someone "bought" them off with money or power), so you won't know if someone is spreading false information or not. And you know what, the social media posts likes to click bait people and attract users attention. And sadly, crypto currencies get more attention when there is something negative about it since the naysays love to say "told you so, its a scam" and it never affects the market in the long run. So yeah, there is a good and bad relation between social media and bitcoin. If someone famous tweets about a coin, very likely the price will go up or down.
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No one knows what is going to happen. And things are currently quite shaky. We are actually surprised to see that despite having so many chaos at the market, the price of bitcoin did manage to stay strong. But who knows what is going to happen in the future. If you are holding long term and can keep holding as long as you want, then I don't see any issue with "the future". The price might crash the end of the year, but you aren't losing anything because you are still holding your coins. Look at the chart and you will see the price of bitcoin always recovered and went up in the long run.
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You would be risking a lot. The price hasn't went down a lot like it "should" when something like the SEC thing happens. So, I would say it isn't the best time. And Binance is facing a lot of issue in different countries (not only in the US) and as far as I know they are exiting few countries due to licensing and regulatory issue. So things don't look really well of Binance. If something "bad" is supposed to happen to Binance, we can be almost sure that the price of BNB is going to get dumped a lot. But if Binance does manage to shrug off all the issue, we can almost be sure that the price is going to go up. But is the risk worth taking?
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You should always remember, nothing is safe on the internet. There are chances that your data might get leaked. Have you seen how often there are "leaks" and "breaches" even in those very reputable companies? So yeah, it is a risk you have to accept or else you will limit yourself to lesser options on the internet. There aren't much services that provides anything without KYC. It all depends on who you choose. As long as you play in casinos that are well reputed, the chances are less of your data to be misused or mishandled.
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-snip-there's no one in this century who hasn't heard about Bitcoin and who doesn't know the future it holds for us and I was of the opinion that that can't be true.-snip-
It's not true. Not everyone has heard about bitcoin. I bet there are "older" generations that don't even know bitcoin exists or something like that. It’s the paradox of value at play. You can’t expect these Nigerians to choose bitcoin too since they most likely don’t know about bitcoin in the first place, or the value that it possesses. It could also be that they are in dire need of money and would rather choose the quick cash over compounding value since they need it right now and not for the next bull run. See there’s so many things at play here and we fling ignorance at them not knowing what stuff they are personally going through that pushed them to choose that over bitcoin. Perhaps a little openness and perspective could help you with that? It’s funny cause we know how valuable bitcoin is but if the situations were changed, and you’re someone who doesn’t know bout bitcoin asked on-the-spot if you would choose your local currency over bitcoin, what would you do?
The Nigerians don't know about the bitcoin? I thought they knew a lot about bitcoin and most of the Nigerians trades bitcoin a lot. As far as I know, their central bank had issues with Bitcoin and all banks were ordered to suspend accounts that were involved in bitcoin trading. Just because they are from a third word country doesn't mean that they don't know what bitcoin is. Perhaps they know more than most of us. |
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-snip- WHAT IS BLACK TAX? Wikipedia explained BLACK TAX to mean, giving to parents, siblings, and other family members, often out of obligation, or a deeply ingrained sense of family responsibility. -snip- That's the first time I am hearing of about "Black Tax". So its like sharing your wealth with your family. I don't see why it would affect you economically. I mean you aren't giving a huge portion to them. And it's your money. You shouldn't feel obliged to give them money. Its not their money and you decide if they deserve or not. Sure, you should help them if you can, but if they are all financially stable, they shouldn't be asking money from you or expect anything from you. |
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KYC or Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client's identity and know their client's investment knowledge and financial profile. Reference: https://www.investopedia.com/terms/k/knowyourclient.aspis part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity? Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players? (don't want to make reference to any casino because other casinos could implement this). Both parties the player and the casino can agree to do a mediation through third-party/parties. but do you think it has bad consequences if the third party proves the player is right in establishing his identity, then the casino's KYC is not reliable? If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system? What do you mean by third party? Any modern online casino uses a third party provider to automatically verify the users identity. It would be tedious to manually confirm each and every users identity. And yeah, prone to errors and would be difficult to know if someone is submitting a false ID or something. Third party providers uses automated system that can instantly verify the identity of the users. There is no "space" for the casino to deny or say that the documents are false (unless the thirdparty provider itself finds that the documents are forged/fake). So I don't think verification is an issue here. And no, its not a scam. Read the terms of service. Most likely it says you must complete KYC at any point. If you go to a bank and withdraw say like more than $10,000, you will be flagged, reported and will be asked to provide additional information to the bank sometimes. Does that mean the bank is trying to scam you? Nope, following some rules and that's it. |
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I know this is a bit controversial, but some casinos are looking the other way... when people are using VPNs. I know it might be legal in some instances, but you are still taking a risk by using it.
Online gambling is legal in my country, but sometimes I have to travel to a country where it is illegal. I then use a VPN to be able to access the site. This is one of the reasons why some casinos allow people to use VPNs..... but you are still taking a huge risk.
Now, the question is.... Will you still use a VPN, if it is not allowed by the ToS on the site. What will you do if they "block" your account and take your balance?
If it says you can't use it, then you shouldn't use it. You are breaking their terms of services. So they have every right to confiscate your funds. But sadly people will still cry over this saying that the casino "scammed" them. Yes, they get caught when they try to withdraw huge amount, because it is easier to monitor huge withdrawals, then to monitor each and every user if they are using a VPN or not. If you are travelling to a country were gambling is illegal, then you shouldn't actually be gambling there. Chances of you being in trouble is very less, but still better not take the risk. You can wait till you go back home, no? |
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It's pretty great that El Salvador adopted Bitcoin as legal tender and I am sure other countries are watching them carefully and will eventually follow their steps, but will it replace all fiat currencies globally? I doubt that's going to happen. At least not anytime soon. The Bitcoin network can get clogged up and when that happens the confirmation times is unbearable slow and the fees skyrocket. Also the price jumps up and down a lot. Plus, governments love control, and Bitcoin is all about decentralization. I think it's more likely that Bitcoin will live alongside fiat, serving different purposes. We're seeing it happen already in places like El Salvador, but for it to go global, we need better crypto systems and clear laws. Framework that will define everything very clearly so people don't hesitate to use it.
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Well, its the son's money and he can do anything he like with it. He offered it to his dad, and his dad rejected it. That's it. There is nothing more he can do about it. Maybe his dad is extremely religious or perhaps, gambling is seen very negatively where he lives, hence his dad doesn't want to be seen as a "bad" person or something. The kid can do good with the money. Perhaps start something for his own, spread and donate every now and then. But he shouldn't regret anything. As long as he isn't gambling and affecting his life or anyone, it should be fine. His dad will probably eventually understand.
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Yeah, it's likely we might see a huge percentage of AI startups failing within the first few years. Many are riding on the hype wave started by OpenAI, pitching crazy innovative ideas and concepts to attract investment. Investors are game too, hoping for a big payout if just at least one of the ventures ends up being successful. But every hype eventually comes to an end. Once the AI hype cools down, many of these startups may find themselves struggling. Some might survive. At least those that has some real use case. But yeah, it's kinda like the dot com bubble all over again like you said.
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You are just risking too much. You are investing to get rich real quick. What if the coins that you invested in doesn't "pump" up at all? Yeah, altcoins to pump up a lot in bull run, but also dumps very quickly, and you might not even get a chance to sell your coins. Crypto currency investment is not a get rich quick scheme. You should be investing for long term and should invest in coins that aren't there just to be pumped and dumped (like meme coins). Why take such risks? The chances of you end up losing everything is very high if you go for such coins.
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