I see a lot of great Casinos and Sports Betting platforms here that doesn't really have great brand name but have excellent functionalities and quality designs. While some ( not so many) do have both great designs, functionality and perfect brand name, so many majority simply don't. So, I was wondering. If I'm going to spend so much money to build a great gambling platform, why not just spend extra little more to acquire a great name? After all, nothing is greater in business than your brand equity.
What do you think? I'd like to understand the mindset of some gambling operators and start ups. What do you consider to be the most important in your gambling startup? Great name or site functionality or both?
It must have both. Without a reputable name, the casino can't be trusted, and without the good functionality of the website/application, it can't provide players with an enjoyable experience which will eventually lead to the loss of players. Brand recognition can be a powerful thing - choosing a clean, concise and relevant company name can certainly help your company grow quicker than having to buy in ever customer. Being able to easily pronounce the name is key if you want it to spread via word of mouth. Even the domain extension can play a part, more people will naturally know the .com domain extension as it has been around such a long time, however they may mistrust an obscure extension that they've never seen before. That being said, having all the basic functionality you see across every casino now is going to be essential, so you really need a good balance between these two factors. |
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For those unaware, "hyperbitcoinization" means the adoption of Bitcoin at a large scale worldwide making it the standard (global) unit of account. In a "hyperbitcoinized" world, you would pay for anything using Bitcoin instead of Fiat. In the past years, Bitcoin's mainstream adoption went up at an accelerated rate. Bitcoin's ever-rising popularity made El Salvador the first country to adopt it as legal tender. As inflation increases at alarming levels, people will seek out for a solution to the problem. And what better way than ditching Fiat in favor of Bitcoin? What are your thoughts? Do you think we're close to "hyperbitcoinization"? If not, why? What will be of the world without centralized Fiat currencies? Your input will be greatly appreciated. Thank you.  Frankly, I don't see it ever happening. Someday, some cryptocurrency might fill that role if it is efficient enough to take on existing payment/banking networks, but Bitcoin at 21 million units (no matter how many decimal places) simply does not have the capacity. There are also transaction processing bottlenecks which are extremely limiting and the transaction fees are also excessive in comparison to existing payment providers. Bitcoin is very useful, has proven the decentralized currency model is possible, but never assume that the first generation of something will succeed forever - just look how phones have progressed from the first rotary version, to big bricks, to mini "dumb" phones to ultra high definition smart phones. |
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when it comes to casinos and certain types of "investments", I pay close attention to depositing any amount.
It's better avoid any risk at all if it possible. Too many scams in the past also from "reputable" sources.
This is why I like this forum because here you can find an excellent list of information and expert users in discovering scams or simply giving valid advice .
Should be strictly avoided, the casino type of investment will not guarantee full profits. Better to play right away than invest in a casino, I've tried that in the past, investing in a casino doesn't give me any profit, for example today I get 1% profit tomorrow I lose 1%. It just spins in place, at worst ever my money no left at all. I seem to have seen several threads on this forum about investing in casinos. As far as I remember, despite the volatility, in the end, the investments turned out to be profitable. Which is quite logical - at a distance the casino always wins. And I think this is a smart investment. Where else can you get a good percentage of profits on bitcoin - a deflationary asset? Everywhere there is a risk, but if you have chosen a project with an impeccable reputation, then this is a good decision. Majority of gambling sites now doesnt really accept any investments but there are some which are still accepting like https://www.bustabit.com/bankroll/change-bankrollWhich no doubt that it do really make profits in long term but dont expect for it to be big but not really that a bad idea. For totally new casinos that do ask out for funding to build the site then this is where doubts and hesitance do starts. It's interesting to see this idea and it could help some casinos get off the ground by allowing them to accept higher limit player, but obviously you're helping the casino grow by providing a zero risk bankroll to the company. You could earn a return but chances are once these casinos have high and sustainable profits they will start to cut off this sort of funding because they can finance the operation themselves and take all the profits. You'll always be relying on their security to protect your investment as well and these type of companies are a massive target for hackers, only the big players in the game who have been around for a while will already be prepared for the many possible attacks that can happen, newer sites can easily get wiped out by just one. |
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The global food situation is worsening every second and in a month or two could lead to mass unrest followed by regimes suppressing the violence and eventually a wider war between countries stealing each other's food supplies to ease their domestic unrest, something similar but worse than what we saw during the first months of pandemic where Europeans countries were stealing from each other to ease their own crisis.
It seems that you have a favorable bias towards Russia underlying your whole post, yet Russia is the one that started this global food crisis because of the totally unnecessary war with Ukraine - it began the biggest war that Europe has seen since WW2 simply because the free Ukrainian people were fed up of being controlled by one of Putin's useless puppets. Unfortunately it is all the poorest in the world who will be worst effected by this and the richest countries of the world will likely suffer the least. It seems that even India is restricting their exports and this sort of trade protectionism is bad for the world. The sooner the war in Ukraine stops, the sooner we can get back to normal peace and cheaper food. |
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To what extent is the online slot game machine RTP reliable based on it's technology?
As words in the street has it that it has gained so much popularity than other casino games due to it's simplicity nature.
Let's discuss, what's your view.
Let's be honest, when it comes to money people are bound to pay much more attention than anything else. It is similar to asking about the security of online banking, for sure you should question everything, but there is huge resources put into setting up, maintaining and future proofing such technology when it can cause the banks mega money if things go wrong. Casinos and sportbooks are no exception to this rule, they will often stick with tried and tested systems (many are simply white label clones) because they stand to lose a lot of money due to any failures. They also want customers to be safe because it's only constantly new deposits that draw in so much profit for them and they have to give at least occasional fair wins if they want lots of return custom. |
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We had news this weekend , Monday and Tuesday that the stable coins UST depegs from dollar USD and has collapsed and continue to plunge in price even Luna price is currently trading around ($9 - $11) this morning as at the time of writing. The UST stable coin is not really back by anything, so people do need to get out right away. HOW MUCH WOULD THESE NEGATIVELY AFFECT BTC AND THE ENTIRE CRYPTO ?. IN MY VIEW Doing this may cause the crypto death spiral and it means that there will be a panic selling and could just collapse Bitcoin ,Ethereum, and the entire Crypto market and trillions of dollars life savings could be wiped out just in a moment and currently people are loosing money on crypto Twitter right now, companies have started selling millions of dollars of UST existing , exchanging their UST back into other pegged dollar USD coin and have lost thousands of dollars just in a single transaction conversation process and the spread wasn't just very good looking at exchange rate between UST to Dollar, they just exited that position for the fear of UST finally collapsing or having a free fall , So in a worst case scenario these companies like. Jump capital, Luna foundation guard (LFG), Do kwon the founder of Terraform labs and others are going to be selling hundreds of millions of dollars worth of Ethereum to try to prop up this struggling Terra ecosystem and then they may also go into their Bitcoin reserves which some of have started doing already and may also be sold to prop up Terra. Summary.... Therefore going further, If the UST peg cannot hold, then I think LFG will have to dump its bag of Bitcoin it loaded and this will cause more panic selling and cause Bitcoin to spiral down and further crashing down the price of Bitcoin and the entire cryptocurrency as well. Please throw your own opinion on this as we have great panic right now. Link for more details https://www.coindesk.com/business/2022/05/09/ust-stablecoin-falls-below-dollar-peg-for-second-time-in-48-hours/https://twitter.com/crypto/status/1524268467448389634?s=19It just goes to show that even tokens like Tether which claim to be backed by dollar reserves are vulnerable to large shocks and ripple effects throughout the market. Like a row of dominos, it has shown that when one starts to fall they are all likely to fall and the panic affect can be overwhelming. You're much better off sticking with truly decentralized currencies like Bitcoin if you want to be part of this market, it has inherent volatility but is still a lot more stable and not tied together with the banking deposits held under centralized conditions which also rely on a large degree of trust in companies that can be unaudited for long periods of time. |
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Quite surprised to see consecutive high roller of above 20 BTC on a single wager. Have any of you come across such big wagers in real-time. Came across this while spending time watching the high rollers on the bets tab. Have anyone came across such big bets, and I don't whether this player have managed to make a win or not.  There can be a whole mixture of different reasons that people end up betting these sort of amounts - sometimes it can be someone attempting to "wash" illicit money because some casinos might pay you out from a different wallet if you end up betting large amounts, so they'll expect to lose a certain chunk of it to the house. Other times it might be the casino putting out fake information to give the illusion that other high rollers are actively playing, which in turn can "inspire" new high rollers to take a gamble as it builds a tiny illusion of trust. There will even be a small group of players who are legitimately whales and only find a thrill from betting larger and larger amounts. |
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He did not have to "know" anything special, although he certain has invested a lot of money in sensible research in various different areas. It is hard to get an understanding of how billionaires operate, because they truly exist on a different plain. Those with fortunes in fairly solid companies like Microsoft have vast fortunes, they will sell out of one company and diversify their money widely in many other companies. All of those companies will be paying out profits (or reinvesting them for growth), which means that their money grows more money. That allows them to spend money without even making a dent in the overall wealth under control, they diversify in other assets like land because it is a finite resource - they're simply not making more of it with few exceptions. |
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There are plenty of bonuses available, that's no problem at all. I would just be careful about what kind of bonus you accept when you try a gambling site and make a deposit. There can be quite a few conditions attached to it and people normally don't feel like it. but you really have to check if you want to go through all these requirements.
You'd be better off relying on mainstream and "fiat currency" sites if you're hunting for bonuses. Due to the nature of cryptocurrency and the fact that anonymity is often a selling point in such sites, where depositing can often be instantaneous with no checks, you'll find that welcome bonuses are less common. Partly due to abuse where people could create many accounts behind proxies and vanish after collecting many small sums.Cryptocurrency casinos are also newer to the market and have often been launched on a more lean budget, which means that they are less interested in giving away money to buy fickle users. Try to look for casinos in your local jurisdiction that are bigger and more established first. |
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There have been more than 19400 cryptocurrencies but strangely no one has come with an idea to restart bitcoin so to allow new users to buy and mine it from the start. We already know that 4 million or more have been lost. What stops a computer programmer to copy the entire bitcoin code and change only the limit from 21million to 20 million.
What stops the average crypto user to not to invest in it?
Yes there have been forks like bitcoin cash or bitcoin sv but they dont start from 0
Satoshi himself stated that bitcoin is only one of the first, there might be superior versions of a cryptocurrency.
What do you think it would achieve? It seems rather naive and wishful thinking, like someone trying to hop in at 1 dollar and hoping that they will magically be able to turn it around to sell for a thousand dollars in a week. Bitcoin is unique and will always have that "first mover" advantage, as you've already said there are thousands of other altcoins out there and plenty of Bitcoin clones if you want to go for that. People use different altcoins for the traits that they possess, whether that is increased anonymity, more coins in circulation or a less wasteful transaction verification procedure, not just because they want to own a piece of some clone coin with nothing original. |
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I have many epic fail moments in my gambling experience that I want to share. Some of them is the reason why I keep playing while some are the experience that makes me quit on gambling for more than a year. Let me start with my first epic fail experience when I was addicted on dice way back 2016.
I'm a regular player on Primedice that time and I manage to grow my balance from 0.1BTC to 4BTC within a week of non-stop manual playing using common martingale strategy. I was very happy at that time until I watch some random video on youtube showing tutorial to do automated betting with his setup. I was interested to follow his setup since he shows how much he won. I try it by myself using small bets until I forgot my auto bet running overnight, I was in shocked that balance got zero after hitting more than 30's red streak and all my BTC that I earned for a week is already gone overnight just because I follow some random guy trick while my strategy is working at that time.
After that, I conclude that personally I was so easy to convinced and I didn't care about the risk of what I'm entering when I was happy in my profit. I was not contented on my profit and tiring way that's why I seek some alternative way that make my gambling experience more hassle free. There's no easy formula on gambling to become successful.
Whats' your epic fail experience in gambling?
Let's see your conclusion and re-evaluate your decision making after the epic fail experience.
My biggest mistake when learning about all the different kind of gambling was small but still an eye opener, a reminder that you need to fully understand how something works before diving straight in. After taking advantage of loads of welcome offers and being up a few hundred I suddenly came across an offer for horse race betting. Being totally new to looking at horse betting, the odds looked really amazing and you'd be on to a guaranteed winner judging by the odds of the favorite, right? Well I found out how extremely unpredictable horse racing can be, after placing bets on the favorite to win in 5 different races and never getting one win out of it - lucky I still came out ahead and the bets were relatively small compared to prior winnings mostly from football bets. |
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The Argentina 🇦🇷 Senate passed a bill this morning imposing a tax on its people' assets in foreign nations and cryptocurrency in order to pay off the country's IMF debt, which is estimated to be worth $40 billion. According to the country's Economy Minister, the funds raised by Argentina's citizenry will help to pay off nearly half of the IMF obligations. The citizens' reaction to the bill's passage is negative because it will affect many traders in the country. Source: https://news.bitcoin.com/argentinian-senate-passes-bill-that-would-tax-assets-held-in-foreign-countries-including-crypto/What is your thoughts about this bill, reasoning how government are trying to inforce too much task in cryptocurrency? I feel its not proper to put the responsibility of paying the Country's half IMF debt on cryptocurrency and foreign assets alone. It works both ways and it seems unfair to frame this as a negative thing, when most developed countries have the same laws. It seems like they are just playing catch up and creating a legal framework where they can pursue all kinds of undeclared assets including property and stocks - not just cryptocurrency. There is no reason why the Argentine government should not seek to close loopholes that rob it of tax revenues and it has a duty to do so in fairness to all their citizens. They seem a little late in imposing such laws, but it's better late than never. They should be applauded for seeking to repay their debts to the IMF and it is nothing shameful to do so. |
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I see a lot of great Casinos and Sports Betting platforms here that doesn't really have great brand name but have excellent functionalities and quality designs. While some ( not so many) do have both great designs, functionality and perfect brand name, so many majority simply don't. So, I was wondering. If I'm going to spend so much money to build a great gambling platform, why not just spend extra little more to acquire a great name? After all, nothing is greater in business than your brand equity.
What do you think? I'd like to understand the mindset of some gambling operators and start ups. What do you consider to be the most important in your gambling startup? Great name or site functionality or both?
There are some unusual gambling company names out there, but what you tend to find if you've been in the domain business a while is that all the good domains are taken. Even if they're not being actively used, people will happily sit on a quality domain for years trying to scalp a sale or even just make money from advertising. They're also super greedy in the prices that they want, even if they might never have a chance at selling it ever again. However it is possible to achieve a lot with a mediocre or slightly above average domain, or an obscure domain extension, if you have everything else behind the casino/sportbook set up effectively. Like you say, if it has taken you great expense to set everything else up, you should really go for the best domain possible to acquire - but it's all about trade-offs. |
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This following is also interesting: Milo wants to make such loans a big business by pooling them and selling them to banks, asset managers and insurance companies, maybe even offering them as bonds in a securitization, according to founder Josip Rupena. Historically we have not seen mainstream crypto support for real estate, car and student loans. This could represent an expansion into home and real estate loan markets. Although for some reason, I doubt it'll enjoy mainstream support. Crypto whales are the only income bracket that can participate in these programs. If they buy real estate, it will be in a country that is expected to support more friendly regulation towards bitcoin and crypto, I would guess. The subprime mortgage crisis of 2008 was fueled by a bubble of CDOs that were vaguely similar to using crypto as loan collateral. In that case the assets were leveraged and spread across a much larger consumer demographic which greatly multiplied the damaging effects. There may also be parallels with Elon Musk using his tesla stock as collateral to buy twitter. Much of these programs appear to be concentrated in florida which appears to be emerging as a crypto friendly hotspot. Let's face it, this is barely going to affect many people at all and I'd be surprised if more than a hundred people ever take up such an offer. However it names for a nice marketing gimmick for the bank involved. The terms are weighted heavily towards the bank and a 14% interest rate is obscene, you'd be much better off just selling your bitcoin - taking a calculated hit on taxes - and buying the house outright. It is basically using a high volatility asset to fund a relatively low volatility asset with onerous terms to the borrower. |
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Doing some research I came across this news from Coinbase, where they report that there was recently a net loss of $430 million in the first quarter, which is based on declining sales and active users. Coinbase said that they were working on the issue and that the funds were safe. He also added in a tweet: "We are seeing recovery after implementing a fix, but our teams continue to monitor the situation." Twitter: https://twitter.com/CoinbaseSupport/status/1524802731763965958In the event of bankruptcy, the account holders will be considered simple creditors, which means that users will lose their money in the event of the company's insolvency. This part of the disclosure was addressed by the CEO of Coinbase in a series of tweets. Source: https://bitcoinist.com/coinbase-witnesses-major-outage/It feels like you are conflating an accounting loss with a systemic loss connected with funds stored with them. They are simply spending more than the revenue they are generating, rather than facing any sort of security risk. They probably overdid it with advertising and staffing as they tried to capture market share. They'll now have to rein in the spending, which should be simple in comparison. It is rather shocking to see the price decline in their share since listing and naturally the latest price drops in crypto might put off new buyers in future. I'd be wary of storing any coins there based on the terms that they set. |
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Why Russia isn't using it's full force in Ukraine ? Why the russians are allowing the ukrainens to win ... they had Kiev in their hands and then they retreat ,it makes no sense,tactically it makes no sense ... as a general i would have bombed Kiev like Mariupol or worse ... Russia has a lot of resources ...ammo never finishes for russians ...you had Kiev in your hands why would you give it back ? ...no sense ... https://www.aljazeera.com/news/2022/3/2/why-hasnt-russia-mobilised-its-vast-air-power-against-ukraineRussia has used it's full force against Ukraine, it is just completely incompetent and showed how its military is definitely not superpower status. The Russian air force only had success in places like Syria because they were fighting rebels, stuck in a civil war without an organized government. Russia has shown they are no match for even a semi competent military and that truly is pathetic. The military in Russia was run by corruption, just like every other part of the country, and they never thought that one day they might actually have to utilize the equipment where they skimmed that money. It is crazy how badly trained they are and there is a distinct lack of communication even between troops 20 meters apart. Did you miss the part where they landed paratroops next to Kiev and had to retreat because they cannot control the air space? You seem oblivious to so much. |
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If heavy kyc start to coming and too many regulations then im out of crypto so as many others.
If we want to crypto survive then we have all ready too many regulations and kyc is all ready too much.
Off course who will lose ? The wall street off course so im sure they dont let their buddies in goverment place too many rules over crypto if it too regulated.
Anyways regulations and kyc is insane its not goverment business nobody business how when and why and where is my wealth and money.
That's nice, however you are an insignificant part in the whole scheme of things. The people who actually hold the power in this situation are governments and central bank staff, who are meant to be looking out for the best interests of all their citizens - not just a few who might follow crypto. If a government is being proactive then they need to know all the money moving into and out of a country, if for no other reason than to identify threats, so KYC will only get more common in future. |
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There is a school of thought which claims real estate can serve as an inflation protected asset due to market prices scaling to match or exceed inflation. The APR on home loans can also appreciate at a rate slower than inflation if 8% is maintained. Which could actually make the loan cheaper over time.
Moody's by contrast is bearish on real estate and recommends waiting a few years before buying. There was also a big property tax hike for the united states in 2021, which makes buying and HODLing real estate more difficult. Immigration numbers suggest demand for living space should continue to increase, which could drive markets higher.
Its difficult to get accurate predictions and information, in ways we're in uncharted waters and no one is really certain what to expect.
It's always interesting to see how different markets are performing and these are some good insights into how America is doing right now. It seems kinda inevitable that a bubble would grow again with all the super cheap money that government policy introduced into the market, it's obscene to think that people were getting one percent mortgages as recently as a year ago - you'd have to be stupid not to take advantage and stretch to the limits. However it is just "easy" and populist policies that continued through Covid but should have been cut back years ago. |
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Actually, no site will refund money if you lose your bet, if you know a site that will refund, you should consider them as a scam. There are plenty of that now that says they will refund, yes, they will do it at the beginning but eventually members will be scammed in the long run, and you don't call them gambling site but a ponzi scheme, there's a big difference so we should not be mislead.
Have indicate become scam gambling platform when returning your money after loss, I don't think why OP really brave asking this question here because gambling is risk and not guarantee with return money back when getting loss, before playing here have term of service what happen when losing fund on gambling platform. Actually true when have bet return money back when losing will not called as gambling platform but looks as hype platform. Or maybe he doesn't understand what is gambling and how does a legit gambling site operate. It's hard to be fooled in this world, even an obvious scam, there are still people who fall from this, well, it's not anymore the fault of the scammers but their fault because they failed to educated themselves to determine what is scam and legit. Wise people learn from the mistakes of others, but sometimes you will simply learn the hard way out of ignorance - nobody is infallible. If we look at the original question slightly differently, it is in the interests of casinos and sportbooks to want returning players. That's why casinos can stimulate habit (and depositing) forming behavior by feeding new gamblers wins, but it does seem hard for sportbooks to do the same as they tend to accept outright bets - you'd have to buy some sort of insurance to avoid this and will still end up losing over time. |
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We are back to the 90s, the Fed raised the rates by 0.50% - nothing is going to stop the trend of further rate hikes - which in turn will keep on taking the air out of the balloon so called Crypto.
I thought that disruption in the stock market was meant to be a great thing for Bitcoin and meant to push the price up on this inflatable asset? Oh how the tune changes quickly to a new economic story. What I see is a strong correlation between the two markets, especially when it comes to falling prices. In times of fear it is evident that crypto is no safe haven, when it should be if it's meant to be the equivalent of virtual gold.. |
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