Apparently Denmark is all Set to Launch the new Digital ID rules for Gambling in the upcoming July. They have already been using some sort of identification but apparently this is new and improved and would apply for all the gamblers willing to submit their ID and use the services. EasyID is now going to be Replaced by MyID. The license holders of online casino would have to now integrate their systems in the manner that the government prefers. People are still waiting for an update but I would like to know what you think about the system of online ID? Integrating it with gambling might be saving some kids going on these sites but it might also be taking all the privacy away. What are your thoughts on this ? Reference: https://www.gamblinginsider.com/news/16594/denmark-to-introduce-new-digital-id-rules-in-july Gamblers will always want to be anonymous as much as they want but i guess its not the case anymore, the government will always see to it that their identities can be traceable and so this digital ID for gambling is one way to take away their privacy as they are now obliged to pay taxes in every profit they make. However, this digital ID aims also to prevent those minors from continuous engaging in gambling as they should be in school studying instead and not utilizing most of their time in online gambling. Parents are certainly responsible for this and they should always be the one guiding their children not to be misled and end up in gambling addiction. |
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just as the title states, a man in Japan mistakenly sent 46.3m yen to his bank account which was supposed to be shared among 436 people in their town. the article says that the man gambled away the money by withdrawing 600k yen daily for two weeks and gambles it in online casinos and when the authority finally contacted him the money has already been gambled and gone. initially the man refuse to pay back the money that was mistakenly sent to him but after some time he decided to pay it back bit by bit. the town is also suing him for this incident. you can read the full story here https://www.bbc.com/news/world-asia-61490436now, I have a question, do you think the man is entirely at fault or someone should also be responsible? Of course, the man is entirely at fault because he knows in the first place that he's gambling the money that he did not own. And he even lose it all. If he is just honest and a responsible person, then he should return the huge amount of money to the sender as its clearly sent to him mistakenly. But he did not do what is supposed the right thing to do. He turned out to be greedy instead. But good thing he realized his fault in the end and decides to pay back the huge amount even bit by bit. |
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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's just a normal thing and indeed it's the right thing to do not to be affected with your losses from gambling because no matter what you do, you can't beat the house because its always the house will win. And not all people are gambling merely because of profits, but they are gambling because they want to be entertained, have fun on their bets, and they find satisfaction whenever they gamble, either they end up losing or winning in the end. That's how a good gambler should be, as he can manage his emotions even if he's not winning at all. |
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So I was reading this article where a recent study showed that 71% of online gambling merchants have reported an increase in promotion abuse over the past year. After surveying 1,700 fraud and payment professionals based at online gambling platforms, the study found that 62% of all types of online merchants had suffered an increase in fraud over the past 12 months. These operators detailed significant impacts on revenue as a result of online fraud.
Promotional offers are a common tactic employed by online gambling platforms to attract customers; such offers include loyalty rewards, sign-up bonuses and free bets.
Savvy players make use of multiple accounts and different IP addresses to exploit these promotions, finding loopholes that result in heavy financial losses for the companies targeted.
Another form of fraud that has seen an increase is online payment fraud, with 67% of merchants reporting a rise in payment details being taken from customer accounts. The high traffic of the websites involved can make it difficult for companies to clamp down on fraudulent activity. I was sitting and wondering, there will always be bad actors in online gambling but who is to blame, the customers/fraudsters or the gambling merchants? Are the customers/fraudsters getting tech-savvy or are the gambling merchants getting complacent in checking and testing their website for loopholes? Don't these online gambling operators anticipate these frauds while building their websites? Why don't they invest in a robust fraud detection system before the fraud happens and not after? I ask again who is to blame for the increase in bonus abuse, the customers/fraudsters or the online gambling operators? I would say both. The gambling merchants should have seen this coming before they create those promotions knowing the customers will always take advantage every promotion because for them, its already an opportunity to build profits. However, the customers or the gamblers themselves should never be greedy and should be responsible enough to think that those promotions are for everyone and not just for himself only. And they should also be responsible to follow the rules of every gambling site so it won't result into abuse or exploitation on part of the gambling's site bonuses or promotions. |
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From the article : Economist Peter Schiff Explains Why He Expects Bitcoin to Crash as Recession Deepens — Warns 'Don't Buy This Dip'Economist Peter Schiff predicts that the crypto market especially Bitcoin and Ether will continue to crash due to the need to cash out. Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether. He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K. He also say in his tweet that Bitcoin will continue to crash down to 20k while ETH to 1k. Bitcoin looks poised to crash to $20K and Ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money. He stated the reason why this thing will happen and said that holders need to sell because of the ever-increasing price of commodities. The need to sell bitcoin to pay the bills will only get worse as the recession deepens and many Hodlers lose their jobs, especially those working for soon to be bankrupt blockchain companies. When I read this article I was like.. is he on drugs?. Why wouldn't I buy this dip? This is like a Bitcoin on sales. Even if the Bitcoin market stays in bear trend in years, it will become bullish after this trend. We have seen it several times. I think he is forgetting the trading law of buy low sell high and if we can buy lower that will be better. Now I fully understand why many crypto enthusiasts ignore most of Peter Schiff advice. Most bitcoin proponents continue to ignore all bitcoin and crypto predictions made by Schiff, with many seeing his gloomy expectations as a buy signal for BTC.
“Possibly the most consistently bad investment advice on public record,” one Twitter user wrote. Another asked Schiff: “Check bitcoin or Ethereum 5-year charts, then check gold’s. Which would you rather have held? Which would you rather hold for another 5 years?” How about you? Would you let this another window opportunity to buy BTC at a lower price pass by? Do you also think Bitcoin price will crash further? Forget about Peter as he is no good for crypto, and only fools will probably believe on him. Why not buy at this dips? This is the best moment that we have been waiting for so we should always prepare for a maximum purchase this time as bitcoin has finally reached its best buying moment at its very affordable price. Those who want to invest in crypto, now is the best time to invest and not when the market is bullish as many people are blinded by it. |
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My word of Advice to newbies and crypto newcomers  Bitcoin is at its most exciting season again with the drop in price comes with two perspectives, in this season you will hear more of these two words 1 FOMO 2 Buy the dip, but as far as I know is better to do less FOMO, and more buying with $25,000 i can now own 1 BTC what a privilege, many thought BTC can never come down to this price again since Bitcoin became too expensive when it rise to almost 70k few months back. But now Bitcoin have bottom down to below 25k once again and i will suggest newbies stay away from fuds and buy the dip if you have spear money to do so. FOMO will never do good at all as it will only create confusion on your mind without having the right analysis first. But definitely, it’s the best time to buy at the dip right now since bitcoin has closely touched $15k which means the more it’s value lessen, the more bitcoin we can afford to buy. But also, take note that buying at the dip does not mean that you are going to buy all those cheap coins, remember not all cheap right now have high potentials so always chose the best coins to invest |
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So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.
There is nothing new to that as bitcoin will always be attacked by those people who create fuds that will make bitcoin enthusiasts lost their faith in bitcoin. And as if we are triggered with this price decline that hits deeply the market, as we have been wanting it to happen eversince so we can start taking advantage of the market that will make us profitable when the market starts to stabilize. |
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#Bitcoin -65.8% #Ethereum -74.9% #BNB -67.8% #Cardano -85.4% #XRP -90.9% #Solana -89.8% #Polkadot -87.9% #Dogecoin -92.6% #WBTC -66.6% #Tron -72.8% #ShibaInu -91% #Avax -89.6% #FTX -70.4% #CRO -87.7% #LTC -89.7% #Chain -24.9% #Polygon -85.9% Information posted my Watcher.Guru https://twitter.com/WatcherGuru/status/1536369486152060930?t=iEd5355q_Gl1MR8uNB-xKA&s=19Cryptocurrency is now in a big crashing. And whole crypto marketcap now under $1Trillion. What will the next? and How long do you think it will take for the market to recover? This is not the first time to happen in the market, and its very apparent that bitcoin has been here before. What's next? The market will even go for a deep bearish, but as always its still bound to recover after reaching bitcoin bottom's price. And unfortunately, no one can tell what will be its bottom price as no one can precisely tell how long this market will recover. So keep the faith, as this is what crypto market is all about, like a roller coaster. For now, enjoy the ride and maximize your purchase with bitcoin. |
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1. Be patient, don't panic.
2. Buy and hold.
The first attitude is very suitable to be applied and very many traders experience tremendous panic when they see the market price drop, especially Bitcoin is now at $18k.
It's becoming increasingly apparent that other coins are very influential on Bitcoin. So, the opportunity to buy to increase the volume of Bitcoin can be done again for long-term investments. The current market situation in my opinion is a very tough test to be applied by those who are impatient.
Do not panic. Everything will get better.
Weak hands are probably struggling these days fighting their own emotions, not to fall for another trap because of being impatient. Otherwise, everything will fall apart and see them in the losing end. So stay calm and don't panic. What we see now won't take forever, the market dump is only temporary. Instead, this is the perfect moment to buy and hold, as it could bring huge amount of profits when bitcoin skyrocket again and reach another new ATH. |
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I think this topic is worth to remind again for many newbies who panic about the current situation where Bitcoin price $30K strong resistance now drop to $24K currently traded. There are many so called expert who always predict Bitcoin price will go to x, the bottom is x etc, also one of them were offer to give his money to everyone if his prediction gone wrong, this strategy is to convince newbies to believe his words. Take look on these so called expert who predict Bitcoin price: 1. The ‘Ultimate’ Bottom?—Major Fund Manager Reveals Shock Bitcoin Price Prediction And Stark Crypto Warning As Ethereum, BNB, XRP, Solana, Cardano And Avalanche Plummet2. Renowned analyst who predicted Bitcoin price top at $69,000, now claims the bottom is at $24,0003. Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level 4. Crypto is dead. Long live crypto5. Long-Time Bitcoin Bear Offers $1,000 To Every Retweeter If His Prediction Of BTC Hitting $10K In 2022 Goes WrongDon't believe of those so called expert predictions since there's no guarantee their words will come true, there's no crystal ball in this world. If they're a time travel who know the correct Bitcoin price in the future, they would shut up and just bought the bottom price, so they can sell at the peak since they're already know it. But, why does they need to told everyone the Bitcoin price will crash to x etc? Because they want to gain popularity if their words are come true. They just randomly guessing the price in hoping they're correct.  Did I scared after looking this chart? No, because if you look at the history, you will see Bitcoin have been survive 3 times about the dump/crash.  The first is on 2017 and 2018, where the peak is $19K and the bottom is $3K (84% change)The second is on 2019 and 2020, where the peak is $11K and the bottom is $5K (54% change)The third is on 2021, where the peak is $60K and the bottom is $30K (50% change)Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it. If you still keep thinking Bitcoin will dead, do you forget all the adoption from any institutional, government, and foremost the countries who accept it as a legal tender. Not to mention Bitcoin already improve a lot of the development e.g. Lightning network to solve the scalability issues, using for friendly energy for mining, hash rate & difficulty increase to prevent from 51% attack etc. Bitcoin right now is more scarcer since it's already mined 19Million Bitcoin, only 2Million left. We're already close Bitcoin will be accepted in entire countries due to it's value and become a currency since the price will be more steady. This is the reason why I AM HODLING. Don't predict the bottom, just do Dollar Cost Averaging or Averaging down to accumulate more Bitcoin. We're as a Bitcoin enthusiast are looking for long term, not short term or instant profit by pump & dump of shitcoins. Also there's nothing wrong to diversify your investment, but make sure you're diversify to other assets/commodities e.g. gold, silver, bonds, real estate etc, never diversify to shitcoins since it's worst than Bitcoin. In this very bearish market, newbies are mostly seen losing because they cannot hold their emotions anymore and have become compulsive seeing they're not going to make it in this bear market. So they resort into selling their coins at a very low price, which leaves them become poorer and make the whales richer in their hodlings. When in fact, newbies should have more patience because that is the best key not to lose in a such unpredictable market. And they should always realize that crypto do not give instant profits since they are mostly for long term investments, so they must learn not to panic and hold. |
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1. Many altcoins will never reach their all time high again.
2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.
Altcoins are always the scammers playground these days so its hard to trust again even for top altcoins particularly that the market is getting more bearish. Instead, stick to bitcoin and focus on accumulating more of it to maximize your portfolio with bitcoin. In the end, altcoins are easily affected by fuds and hypes and they easily drop their value while bitcoin continue to surge and boost its price to reach another ATH. |
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Bitcoins and its related discussions is the subject matter and major objective why this forum was first created after bitcoins from my observation, but considering the current dump in bitcoin, assuming that the prices never goes up and bitcoin ceases to exist or looses value completely, will this forum continue to function?
Bitcoin and forum would never affect each other simply because, the forum is only an outlet where we can learn about bitcoin and how it moves in the market. Its rise and fall will never threat the forum, as the forum itself has nothing to do with how bitcoin moves in the market. The market will dump or pump, but the forum has nothing to do with it. |
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Since its creation Bitcoin has experienced a total of 3 "bear seasons" and we are in season 4 right now. The most recent bear season happened in 2018-2020, At the end of 2017, the Bitcoin craze was because by the panicking of the investors. In 2017 Bitcoin gained $20K value from $1K.Then it dumped of a sudden more than 80% and dropped the value near around $3k within Q4 of 2018, resulting in the total cryptocurrency market cap falling by more than 80%. After the halving year 2020, we go through the highest bull season max x20.8 times increased, and we acquired the height value of around $67K within Q4 of 2021. Currently, bitcoin is trading at $23.44k. Where will bitcoin's final bottom level be during this bear season and what will be bitcoin's new ATH level in the next bull season? Your input will be greatly appreciated.  The market is definitely bearish right now and bitcoin is struggling hard to sustain its price but most likely, it will fall further and may even drop below $15k. For some, its never good seeing how low the bitcoin price but for wise investors, its the best entry in the market. Buying bitcoin at a very affordable price is something that we all wanted to happen. Because for all we know, this will not take so long and eventually, maybe before this year ends or within the first quarter of 2023, bitcoin will bounce again and skyrocket. |
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Apparently, the sideways market broke down not out. Are we in a "now what" situation? Or do you think this is as far down as it goes? Even the week chart looks bad for BTC. Any suggestions what to do?
Bitcoin is currently priced at $23,197 so i think its way down to $20k or lower than that. Well, the chart looks bad but its certainly the one that we are all waiting for. Bitcoin is very cheap right now so its time to maximize your purchase and expect huge profits in the future. However, since its hard to predict its bottom price, its best to do with DCA so you will surely not miss every dropping price of bitcoin. |
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Some casinos give gamblers the opportunity to earn extra satoshis by rewarding them a small percentage of the total sum of money gamblers have wagered on the platform. It's a kind of cashback feature which greatly varifies in values from one casino to another and depending the game (poker offers the highest rakeback percentages I've seen). Besides this feature, from times to times, special promotions with similar rules and benefits to players may appear aiming to raise the popularity of the website, and incentivizing people to spend more time and money at the casino.
Do you take advantage of these features or do you think they don't worth? Do you have any strategies to play and increase your profit through rakeback or do you just ignore it? By your experience, have rakeback ever been profitable for you?
Any personal experiences you can share are appreciated!
For me, its never bad to take advantage if there are rakeback or cashback promoted by some casinos but its certainly based on the gambler's desire itself. Honestly, sometimes i get tempted to it but i realized its not me profiting in the end but only the casino itself. So i started not to grab these promotion and just gamble based on my set amount. That way, i have minimized my losses as i also gamble not only for money but more on for entertainment. The fact that i'm entertained, that is already something profitable for me. |
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The Transformative Effects of Multiplayer Gaming: Why the Industry Must Embrace Social Experiences The author of this article interviewed Lloyd Purser, COO at FunFair Games, and Ivan Kravchuk, CEO at Evoplay, to discuss the latest in this innovative space of multiplayer gaming. They were given the questions listed below. - Through what means can developers create a sense of community in their games?
- Pointers Given by Lloyd Purser, COO at FunFair Games
- Creating a competitive environment
- Build our games with the community in mind
- Pointers Given by Ivan Kravchuk, CEO at Evoplay
- Need to interact with each other
- Create emotional connections
- How do you differentiate your games to create higher levels of player engagement?
- Pointers Given by Lloyd Purser, COO at FunFair Games
- We stay true to the foundation of our games, making each one social, community-based and engaging.
- It’s important that players are actively participating in the game
- Our games encourage real-time decision
- Pointers Given by Ivan Kravchuk, CEO at Evoplay
- A non-standard approach is what characterizes Evoplay.
- We like to ‘play’ with various features to invent something new
- we leave room for traditional gaming elements which ensure a high level of engagement.
- What is the importance of interactivity in games such as these? How do you demonstrate this in your own games?
- Pointers Given by Lloyd Purser, COO at FunFair Games
- The need to offer some level of interactivity when you’re targeting a demographic of players.
- Passive single-player online gambling experience is not enough to grab the attention of these players
- Our games are community-driven and require real-time decision-making
- Live Chat and NIckname feature for a better sense of community amongst player
- Pointers Given by Ivan Kravchuk, CEO at Evoplay
- Social element is what needs to be elevated in iGaming products.
- Utilize the value of social practice, providing players with a plethora of ways to interact with each other
- develop our games with the interest of players in mind.
- It’s important to deliver a social and interactive experience in modern games
Their answer can be summarized as shown in the given picture above but if you wanted to read the whole conversation you can read it here[1]. To summarize: Pros Multiplayer gaming is important to attract more audiences. It brings a sense of belongings to the user and meets the basic need of the individual in having a community. Players that are active in social interactions often stay and even encourage friends to join the platform. With more people and peers involved, this may heighten the entertainment factor that a client received from the gambling site. Tapping Multiplayer Gaming and implementing it in a gambling system will definitely boost the gambling industry and may open or boost a new era in the gambling system. Cons: Another cause of dopamine overload. Question in hand What do you think is the effect of enhancing Multiplayer Gaming implementation in the Gambling industry?
[1] The Transformative Effects of Multiplayer Gaming: Why the Industry Must Embrace Social Experiences Aside from boosting socialization and cooperation on part of the gamblers, it will also create high interest of gamblers on the gambling site which means more players, more profits on their part. And mostly, the players more on involved are those teens or the minors that have even gotten into addiction which i think is not good anymore. Although we can see that these minors are strictly prohibited in physical casinos, but they have been become uncontrolled when it comes to online gaming and that makes gambling industry not healthy at all. |
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Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?
As a gambler, i prefer not to use bitcoin if its value is dumping. The rewards are still not exciting so i won't take the risk instead. Although some would not mind the current exchange rate because some casinos have certainly fixed rewards, but still i prefer not to gamble using bitcoin. It would be a waste of bitcoin if i end up losing them, it will be better to just store them in my wallet and watch them grow their value when the market recovers. Though i still gamble, but i use fiat instead. |
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Some years ago, I won a decent amount of money from a sports bet. It was the equivalent of $550 in my local currency. I was thrilled. I decided that I was going to spoil myself a little. It coincided with the time Sony announced the price of the new PlayStation 5. The price was the equivalent of $500 in my local currency. I walked into a mall and bought it. I played it a couple of times. One week later, I traveled. I spent 3 months out of town. Sadly, when I returned from my trip, I discovered that my house had been broken into. The PS5 was stolen together with other valuable items. I was upset
What is the most expensive thing you've bought with your winnings from a casino or sports bet that you've never used or used only a few times or even maybe regretted buying?
That's one thing i came to regret because of all my winnings from gambling, i have never bought something valuable or something that could be very beneficial in the future. I could have bought a piece of lot because its price will certainly appreciate in the future or even a car for my family. All i have are just these small gadgets that i think will only lose value later on. And the rest of my winnings were just lost in a thin air, maybe some were lose too in gambling since i keep chasing my luck that time. |
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- 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
IMO gambling using Bitcoin is something profitable, let's say you own 1 Bitcoin and gamble. Then you win and your balance become 100 Bitcoin, also there is added selling value for you if the bitcoin price increases. You can simultaneously invest and hold in the long term, it will make you luckier. Addiction will not find good results, playing gambling if you are not smart will always find a point of lose. Addiction is a sickness, it's good to gamble just to fill spare time and not be always consumed for your mind. There are a lot of advantages for bitcoin gambling but if you gamble without setting your limits and you play it irresponsibly, you cannot expect for a positive outcome. However, using bitcoin whether in gambling or investments have higher chances to make you profitable, but its still not a guarantee to free you from losses. And especially if you fall for gambling addiction, it makes you profitable in the first days but believe me, the rest of the days are series of losses that makes gambling addiction very unhealthy. |
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Hello good day to all the members in this forum, Did you know that even if you win at gambling, you lose as well? Don't you think that's how it happened? and that’s the thing that I'd like to tackle about this topic, Because it’s hard to win at gambling, now if you want to know why? Join the conversation here.
Honestly, I haven't seen a banker or a casino close; the bettor always loses; why is that?
And when we win, how do we feel like that? Isn't it the joy we feel, and we still want to win more and more? And when we feel like this, it is called Greed. So, in other words, the real winner is the Banker and not the gambler, so even if you win 30 times and on the 31st you bet on all the results, you lose, which means it doesn't matter what you won 30 times.
Now let's not prolong this conversation; what if one of your family (Father, Mother, Brother-Sister, or Wife) or relative (Uncle, Auntie) is addicted to gambling or becomes addicted? What do you do? Here is my answer as follows,
- Don't feel guilty
- Never ever blame yourself for their Addiction
Now, I'd like to know your additional perception of this discussion; let us share our knowledge
to grow more here, your opinion, advice, or suggestion is much appreciated.
Winning in gambling makes it too hard on us because its just all about luck and a little bit of strategies. And since we don't get lucky every time we gamble, the reason why we mostly lose than win. And knowing gambling is a form of business, and that the house has always an edge, so expect that they will always find ways to win over losing. And we always lose in gambling since it involves a higher risk. |
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