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241  Economy / Gambling discussion / Re: I just woke up and saw wins in my gambling app on: March 08, 2024, 11:37:56 PM
This is another reason why gambling can not be a job or anything like a source of income cause you can't know your games would play out and no predictions is ever accurate.

If you have such experience share it with us let's see the luck guys around.

Yes definitely- the nature and risks involved in gambling are too unpredictable and inconsistent which can be destructive if you view it as a way of earning extra income.

What you posted OP is somehow similar to another thread where this person randomly gambles without giving much thought and suddenly the unexpected happened as he won the current bet. What I mentioned on that thread is on how emotions and effort play a crucial part based on our expectations.

To further clarify, if you exerted time and effort into gambling, there is actually that reasonable expectation that you must win or else everything will be for naught. If you invested time and effort in making some decisions (e.g. sports betting, poker, etc.) then there is a higher chance of you winning as that expectation grows. But if you do not invest any effort (e.g. slots) then the expectation of you winning is lower.

This plays a crucial role based on how you would view winning as a whole. Naturally, if you exerted effort, there is that expectation that you would win but if you lost, you would feel devastated. But if you exerted no effort at all, then the expectation of you winning is much lower thus, you may feel that you were LUCKY if you won.
242  Other / Beginners & Help / Re: Quickest way to earn merit? on: March 08, 2024, 05:34:09 PM
I'm new here. What's all about this merit count? How is it earned? I'm assuming it's linked to the quality/usefulness of your posts/replies? Their originality maybe? What are usually the subjects you'd get the more merit for posting about?

Merit is one of the factors that can increase your forum rank. You earn merits when people merit your reply or your thread and it depends on multiple factors on why people send it, such as:

  • Your post contains informative posts;
  • You created a general guide to everyone;
  • You were able to post some information that is very relevant to the current market and time;
  • You reported scams and posted them on the scam accusation board;
  • You created a thread were it showed very interesting features and up-to-date news;

Those are just some of the possible scenarios that can garner you a merit across this forum. Be reminded that merits are discretionary acts by which forum users have full discretion to distribute them for as long as it is not "merit trading" that can potentially ruin your account by having a negative tag.

While it is important to rank-up in this forum, this should not be your first priority. Your priorities should be learning about cryptocurrencies and thinking of ways on how you can contribute in this forum or to newbies who are just starting.

At the end of the day, it is not about the merits that are important but the journey on how you garnered them. By earning merits, that is the testament that you have learned something from cryptocurrencies that can ultimately affect you in the long-run.
243  Economy / Gambling discussion / Re: Gambling Wins: Your Money Was Returned to You. on: March 08, 2024, 05:11:50 PM
OP it actually depends how deep one has been in gambling and most gamblers doesn't keep records of their winnings and losses to know if actually the money they won is part of the ones they have lost in previous attempts to win but however, to me I feel that a consistent gambler who have been losing conspicuously may be recovering part of his losses although it depends on the amount that's being won because there is an amount that one would win that can actually supersede one's losses but inasmuch as most gamblers doesn't keep records of winnings and losses it would be very difficult to know whether your winnings are part of recovery of your losses.

The only thing I would believe is if casinos or gambling companies pay from people losses because there are some winnings that they normally pend so if they are paying from their pockets they would have done that immediately but instead some of them waits for people losses in the following weeks in other for them to pay winners with losers money.

I think what OP is describing fits perfectly on some of my previous replies regarding the cycle of gambling.

In this cycle, a person would gamble more regardless if he wins or losses due to the nature of the emotions that are felt. For example, a person would most likely try to gamble again if they won just to see if they continued the streak; and a person would most likely gamble again if they lost in hopes of recovering such losses.

At the end of the day, the mindset of the gambler is what makes the difference as a whole- if they view gambling as a means of profiting, then they would most likely view any win as a sign of profit even if their records or history show otherwise; but if a person views gambling as a source of entertainment, then they have the most control over their emotions and expenses.
244  Economy / Gambling discussion / Re: Jake Paul to Fight Mike Tyson in Live Netflix Boxing Event - July 20 on: March 08, 2024, 04:20:30 PM
It's been posted on all social media Tyson still attracts a lot of attention, this is an interesting and exciting fight Tyson is still at the peak of his health even though he is already 60 years old but age is always a factor when it comes to boxing, Tyson may be good in the first two rounds but old age will catch with him and the fresh legs of Jake Paul will take over.

I find it hilarious that Jake Paul has been going with all these exhibition fights like he intentionally avoids bona fide boxers to fight to. Though all things considered, I will not blame him as he attracts attention and this fight alone could mean millions of dollars to his pocket.

While this may be an exhibition match, seeing Tyson fight again on the ring is definitely a treat. My father grew up watching Tyson and to be able to watch him fight again on the ring is definitely a treat and an experience not to miss.

Something huge indeed but on the other side of the story, it is a bit weird that jake is taking on retired and older fighters who have title in them. Quite of a turn down for him 'coz he should be fighting fighters on his level. Although it is an exhibition match we cannot hide the idea that their 'names' are on the line with this one. If it is with age then for sure there is a mismatch, same thing with experience but we cannot call this an equal fight.  Jake is labeled as a fighter who takes advantage of his opponents but I doubt that regardless of his age, he would give this fight easily. Mike has an image to defend, which I think he won't go easy with Jake. If it is with who will be on advantage, then I'd still go with a biased point of view in favor with Mike. Experience itself is a big edge in a fight and that is something no one can steal from a fighter.

Yup I have noticed this pattern that he aims to battle mostly veterans and retired boxers. Perhaps this is the norm nowadays that these people do- exhibition matches as this garners attention, viewers, and money at the same time. No wonder there has been an influx of exhibition matches being offered.
245  Economy / Gambling discussion / Re: Do you avoid some games because of racism? on: March 08, 2024, 01:33:59 PM
Especially on sports betting we see some racism happening and this happened in most of the league that are popular of which so many persons bet on. It bothers me to ask, that imagine you placed a bet and somehow you have 80% assurance that it would come out successful. And on the process of waiting for the game to end there was some racism manipulation in the game which made you lost the game. It could be football or other sports cause its mostly found in sports.

Next time would you choose to not bet on a particular game because you feel the members of the VAR, or the referee are racist, and you are sure that there would be some manipulation?

I find this interesting- I have yet to experience a game where manipulation of the games revolving racism is involved. Can you please share your specific experience on why it involved racism in the first place? This is a rare instance where I have yet to encounter this type of manipulation though I have noticed that there are also other people sharing the same concern.

I wouldn’t exactly say racism affects the outcome of games of most leagues. Perhaps it does affect the outcome of matches of smaller and somewhat unknown leagues. That’s why I place bets on known and familiar leagues like the EPL.
There’s too much at stake to openly be racist about your decisions and some people is kind of being coerced into behaving like a normal decent human would. You’ve just got to bet on leagues you’re familiar with. Unless of course, you decide to still place bets on those games you think the outcome could be affected by racism.

If this were the case, I guess the best recommendation here would be to choose leagues that are prominent and famous instead of betting on small platforms. Even if some of the offers may seem attractive, manipulation may happen given that there are less securities and guarantees there.
246  Economy / Gambling discussion / Re: Simple mistake that makes you lose everything on: March 08, 2024, 10:17:14 AM
I’m sure many players here experience this kind of minor mistakes that resulted to terrible outcome. Share your story and let’s have fun hearing it. I hope there’s no BS story…

Back when I was a college student, I used to gamble Dota 2 and CSGO skins in dota2/csgolounge where I would win tons of skins after a single game. Then, there was this bot that was introduced on Steam where you would play blackjack against it. If you won, the bot will instantly trade you and reward you with "keys" where you could open crates which was the main currency for trading at that time.

Fast forward, I betted 1-2 keys per game and the games would result to me winning at least 5 keys per day. Then, everything went downhill when I started to experience my first loss. I started with 2 keys and ended up earning as much as 35 keys in the process. When I started losing, I was losing like 1-2 keys per trade until I got so tilted and bet everything in one go. At the end, I lost and I decided to never touch gambling again on games due to the pain of that feeling that day.

In conclusion, simple mistakes can definitely cascade and snowball into bigger problems especially if your emotions get the best of you. It is very easy to be level-headed once you are in that position but I guess that is the only way to prevent losing everything.
247  Other / Beginners & Help / Re: Am i bad to this friend if i refuse to loan him some money in bad economy on: March 07, 2024, 04:27:32 PM
You are no obligation to give your money to anyone (except your family members) given that it is yours. If you have a friend who is in need of cash due to financial constraints, you are not compelled to help them as you must first think of yourself rather than others.

In law, this is what we call the principle of self-preservation where you focus first on yourself and the opportunities to receive instead of giving it out to others. Given that BTCs are on the bull run, it is normal for you to think given such current situation. You have the opportunity to maximize your investments and your friend must ask help to others instead.

In conclusion, I respectfully submit that you are under no obligation to help others if you cannot help yourself first. Focus on self-improvements and opportunities before you start helping others.
248  Economy / Gambling discussion / Re: Have you had this gambling experience? on: March 07, 2024, 02:30:54 PM
<..snip..>
Does anyone also has it this way at one time or the other with their predictions.

Well this is an interesting scenario that you experienced but it also plays on our emotions.

When you decide to bet on something and you poured some effort into it, the chances are that you have a reasonable expectation about the result. Given that sports betting is an information-based driven gambling platform in which knowledge about the games plays a vital role on its prediction, it is normal that you have that kind of expectation.

In contrast, if you randomly betted without even thinking about it, then there is no invested time and effort. Naturally, you would treat it as a hail marry bet and regardless of the result you would be satisfied whether you won or you lost.

At the end of the day, it is all about your invested time and effort that would dictate your feelings about the said bet.
249  Other / Off-topic / Re: Dont chase your loss on: March 07, 2024, 11:59:43 AM
It is best you gamble when necessary not because you want to chase your loss and win back you money, many are victim of this circumstances and for me is a bad practice and this might make you not to employe your gambling skills and roles because you inhast in your decision making. What is your opinion on this?

I call this the "cycle of gambling" where a gambler is stuck on this scenario of winning and losing.

Based on this cycle, a gambler would most likely gamble again regardless of whether he wins or losses. The initial reaction of a person whenever they lost in gambling is to recover the said losses by gambling again. Similarly, a gambler would most likely gamble again if he wins just to try out his luck if he could go and continue his winning streak.

I do agree that whenever a gambler chases their wins/losses, this would lead them to a position where they are stuck in this cycle. In order to really recover from this, it is essential that they change their perception about gambling and their goal. Rather than seeing this as a way for extra income, one must see this primarily as a way of entertainment.
250  Economy / Gambling discussion / Re: Stake.com - unethical practices on limitting losing players on: March 06, 2024, 10:24:32 PM

Customer service didn't help, just told me to bet less and brushed me off. Is this how they treat someone who's been loyal and lost over $220k in 4 years? I think it's important you all know how they treat players here. If you start winning, they might just cut you off.

Take care.

This was the part that actually caught my attention. In gambling, I don't think there is anything like customer loyalty; a casino will never bend their policy to make sure that a gambler wins. It doesn't really matter how long you have been loyal and gambling in the casino, and it doesn't also matter how much you have lost for the years you have been gambling in the casino. Perhaps there are also other customers that may have lost even a higher amount and have used the casino for more years than you but yet receive the same treatment as you. 

This is seriously alarming- what sells the casino is not the gambling games on itself but the customer service experience that they provide. If they treat their customers like nothing, then why is Stake still considered one of the best casinos out there?

In the past week, I have noticed several threads about Stake regarding encountering some issues either related to payment; or to limiting the accounts of its users. This should really spark a red flag on its users given on how they operate and on how they treat its customers.

Quote
Since you were already told by customer support to reduce your bet, I suggest you do so and still stake on your game, or you can make any further inquiries on the stake thread there https://bitcointalk.org/index.php?topic=2072589.0

I do suggest that OP should consider looking for an alternative at this point. Sure, he should try reaching out on its ANN thread in this forum but still, he should not have experience this service to the point that he will contact and message on its board in this forum.

There are hundreds of online gambling platforms that provide a better experience compared to Stake. If I may suggest, then I guess this is the time that you should explore different options now, OP.
251  Economy / Gambling discussion / Re: Indirect victims of gambling addiction on: March 06, 2024, 10:10:42 PM
Of course, there are many indirect victims of gambling addiction. Can you add more?

You actually summed up almost the effects of gambling to the collaterals that ultimately affect the immediate family members whenever a person is addicted to the said act. I guess another sector of people who are indirect victims of gambling are your co-workers.

Once a person gets addicted to gambling, your relationship with your colleagues and friends will be prejudiced greatly given that you will be asking for loans to anyone just to satisfy this urge.

The reason on why I said colleagues is because this was a personal experience to me before. I had this high school friend who was once rich during our youth and he would treat everyone with almost anything. Suddenly during my college years, he would message our friends asking for loans and cash. Then I soon discovered that he suffered this massive gambling debt by borrowing cash from Chinese loan lords that are already threatening against his own life.
252  Economy / Gambling discussion / Re: Is AI going to affect gambling in any way ? on: March 06, 2024, 12:46:52 PM
AI has impacted almost all online businesses to major extent. Do you feel that there will be major impact of AI technology on online gambling industry as well ?

I do believe that the impact of AI would be more as a supportive tool rather than as a main component that plays gambling for us.

The prominence Artificial Intelligence (AI) has been widely used in different fields as a tool to lessen the work of most people. Robotics and AIs have been also associated with each other in which they can work hand-in-hand to efficiently maximize its potential to some businesses. Although AI has been used mainly by some companies and businesses, I believe that it may not completely replace gambling and its users.

Gambling is a personal act whereby the odds are being played by the gamblers. Yes, AI may affect gamblers if the latter use the former as a tool to help them compile information that may effectively predict and weigh some outcomes. But relying on AI completely will not be as effective given the nature of gambling as a risky venture.
253  Economy / Trading Discussion / Re: Trading Or Investing which one is better to focus on right now? on: March 02, 2024, 05:49:37 PM
I want to know what guys do. Are some of you trading the market regardless or some of you are like me, investing and observing the market

Why not both? No one is stopping you from doing both at the same time as you can reap the rewards by maximizing all the possible opportunities for you to earn BTC in the process.

If you want a relatively simpler way to earn some BTCs, then you may invest and HODL your BTCs by taking advantage of the upcoming bull run and fork that will happen in a few weeks from now.

If you have prior experience to trading cryptocurrencies, then you may also opt to trade other cryptos in the process. Be reminded, however, that trading is an extremely risky venture which requires a great deal of knowledge in order to at least have an advantage over others. There are many trades who have incurred losses than profits due to their lack of experience and knowledge after delving on the said act

Personally, as someone who has no experience to trading, I would definitely choose to invest and HODL my BTCs. In this way, at least, I would be able to take advantage of the time by selling my cryptos as soon as I see that I have profited from my initial investment.
254  Economy / Gambling discussion / Re: Is it time now to use Premium VPN when playing in the casino? on: March 02, 2024, 04:45:20 PM

If you did nothing with your 2nd account, I think the casino will not mind about it. No violation like the 2 accounts exploited some bonuses, there is nothing to worry about.

But using VPN may instead result in something else as these casinos can change policies about using VPNs. It may only be the reason why your account gets blocked. However, if you did something and you are yet not blocked, the casino hasn't looked into your account yet until probably you win a jackpot which they will discover something.

I agree with your statement.

When money is involved in a certain act, you must be extremely careful with everything that you do. You must also secure that what you are doing is genuinely acceptable within the terms prescribed on the gambling's TOS. Even if a VPN can be argued as "safe", there is nothing that can guarantee this given that casinos have the authority to withhold your funds if they feel like you have violated any of their terms even if it is somehow vague and prejudicial against you.

On the cases that OP provided, I have a feeling that the person who got banned from using two (2) accounts on the same IP address has a strong case against Stake. I feel like they have been automatically flagged, thereby having an automated banned from their account.
255  Bitcoin / Bitcoin Discussion / Re: What does BTC mean to you? on: March 02, 2024, 03:32:19 PM
Bitcoin to me, is freedom. This means that I have the liberty to use my funds to purchase things without any interference from third parties that check all of my transactions.

On a personal note, bitcoin to me is an opportunity- something that can be maximized on especially if you consider the financial status of a person. In my case, I live in a third-world country where there are limited opportunities when it comes to finances and jobs. Bitcoin enabled me to look beyond the box and explore endless possibilities financially. Without BTC, I would not experience situations that made me better as a person and as an investor.

I myself want to say that the purest and the original is just one BTC. and this is extraordinary for those who understand. However, the fact out there is that Bitcoin is an expensive and high-risk investment and I am very sure that anyone there if asked to invest in BTC will think about it even though BTC is already familiar to their ears.

Yes. It is true and has been proven that almost everyone understands digital currency on average, but not everyone feels comfortable investing with the level of market uncertainty that looks very bubbly. Now. If we think about this condition, it is very understandable that many people prefer to continue using other, safer investment options, even though these options do not offer the same profit potential as people who already understand and understand the ins and outs of investing with BTC.

While BTC may be seen as an investment, I see it rather as an opportunity and as a means of income due to the acts that are involved. For example, the creation of bitcoin lead to multiple signature campaigns that changed my life completely on how I use my finances.

I just hope that people should know and exercise every opportunity to discover the existence of cryptocurrencies. While it may be a stretch for me, but I consider it as my gateway in order to alleviate myself from my financial situation.
256  Economy / Gambling discussion / Re: Losing at gambling on: March 02, 2024, 02:27:45 PM
When everything's going well, it's cool. But sometimes (often?) money problems lead to divorce. Suppose your spouse/husband gambles a lot, his or her loss/profit ratio is acceptable (so it's fine), but then one day he or she has bet it all and lost it all. You've got nothing left (and no savings either). What's your reaction? Has this ever happened to you?

This has never happened to me and I wish that everyone would not experience this very unfortunate scenario.

Assuming, however, that I were in that kind of position where my partner would bet everything and subsequently lost it all, I would definitely consider divorce as an option. However, this would not be the automatic response to this kind of situation as it would also depend on several factors.

If my partner is a compulsive gambler and she would bet our family savings without any regard to her responsibilities to the family, then I would definitely consider divorce. But if my partner has the responsibility of maintaining the financials despite his gambling tendencies to the point that she can control her emotions, then I would support her in any way that I could.

The non-negotiable factor here would be if my partner CANNOT meet her responsibilities and obligations to the family to the point that she would sacrifice and prejudice our savings to satisfy such urges.
257  Other / Beginners & Help / Re: Help me out starting out my bitcoin and musical journey on: March 02, 2024, 01:20:08 PM
Hello, OP!

I think you are just starting your BTC journey and you somehow demand too much without fully understanding the nature of the problem.

Like what others have pointed out, purchasing a MacBook for $800 is relatively expensive when you can run a bitcoin core and node on a desktop or even a Windows laptop that costs way less. Additionally, before you also fully invest such money, you should understand and know these things. It seems to me that you do not fully understand these concepts very well for you to invest that amount of money on it.

I highly suggest that before you pull the trigger, understand the basics and fundamentals first. Learn through reading, watching, and even engaging in the community so you could get a better grasp on what you are dealing with.

Lastly, while it is not prohibited, it somehow implies that you are asking for donations, which is prohibited in this forum. Even if you try to phrase it in a different statement, the essence still implies that you are asking for money.

Best of luck to your journey, OP.
258  Economy / Gambling discussion / Re: Stake; one couple two accounts illegal? on: March 02, 2024, 11:24:24 AM
We asked the support and they gave us a vague explanation. We thought it was an algorithm bug.

Could you mind showing what the message was all about? Even if it was a vague explanation, can you kindly provide any screenshot of the said conversation so we could have an interpretation on what the support was telling?

Quote
I told him we could try to make a new account under my name and see if it worked that way and indeed we could bet again. We bet nba games and won everything again. The same thing happened right away; we couldn’t bet anything.
But this time, even the cash out option was blocked.

According to the TOS of Stake, it stated that:

Quote
Only one Stake Account per player is allowed. Should you attempt or successfully open more than one Stake Account, under YOUR OWN NAME OR UNDER ANY OTHER NAME.....

I believe that your account was flagged due to a suspicion that you created it under any other name which was probably located under the same IP address of your house. But if there is one thing that they most likely missed, it is that you created this together with your wife which was her account in the first place.

Just to add another question, when you created that new account, were you able to submit KYC documents to prove that you are not the same person? If you submitted the KYC documents of your wife (HUSBAND** EDIT), I really think that they made a genuine mistake here.
259  Economy / Gambling discussion / Re: Which of these betting Statements Do you Agree or Disagree With? on: March 02, 2024, 08:54:51 AM
These are the general guidelines that everyone should be aware about every time they want to engage in a gambling activity. These guidelines provide a glimpse and a fundamental background which can introduce you to the gambling environment.

Having these guidelines memorized and faithfully followed would most likely help you in avoiding any excess expenditure on your part as a gambler. Though that may be the case, the only way to fully understand these is for you to personally try it for yourself.

all your statements are correct and I support all the statements you wrote.
but there are still many definitions that need to be explained here regarding sports betting, for example, a bettor can only take 10% of his earnings and the amount is only $20.
for me, with a small budget, it would be better to try my luck by betting with a parlay bet, choosing several teams from each match to get odds of at least @5 then betting $1-$2 to get a decent win but still with the same bet amount as I did do now pick 5 games to get odds @5 or more and bet small amounts to try to get consistent wins.

in this way we can get better results but I am not giving any advice here just sharing the story and if a bettor is more comfortable with single bets and betting small amounts that is not a problem but for me betting small amounts on single bets a little unsatisfying and more enjoyable when winning on parlay bets which provide a different sensation.

Like what you mentioned, these statements are just the general guidelines that a gambler must follow before they engage into this activity. Obviously, this does not explain the specifics of each gambling activity (e.g. sports betting techniques, etc.) but a framework that everyone should adhere to.
260  Other / Beginners & Help / Re: I have to hold on tight on: March 01, 2024, 11:59:22 PM
I ask for tips from you, how can I be strong enough to resist, and not be tempted by prices that have already increased?

and your explanation will be very much appreciated, and
hopefully this is useful for all of us, especially for beginners like me...

Here are some tips that may be helpful for your investment period:

  • Set realistic goals and parameters;
  • Have a designated fund for your investments;
  • Be mindful about the market situation; and
  • Avoid being too greedy by HODLing for long.

Now, you must first set realistic goals and parameters. This means that you should know when to cash out your investment especially that the bull run is about to happen. Sure, we may have goals that we want to maximize our profits but this can be dangerous especially if we wait for too long as this can miss the opportunity longer.

Having a separate fund and wallet for your investments can be beneficial as this can track most of your investments. If you have a fund specifically for your investments, then you may be able to track them better compared if you lump them all in a single wallet.

At the end of the day, you should have a threshold on how much you are both willing to earn/lose at the same time. Just avoid being too greedy and cash out your investments as soon as if accumulates profit. Good luck, OP!
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