For some it might seem more logical to simply have bought a lambo directly on the shop for 10BTC, instead of risking 24BTC on the process, while on the other hand, depending the luck of this user he might have won this lambo almost for free, if he managed to gamble a lot, without losing the greatest portion of his bankroll, besides every other bonuses he had access, like extra RPs, daily jackpot, contest, extra common lottery tickets, flash promotions...

I just hope he didn't have to lose 24BTC, or half of that to win a lambo pricing 10BTC.

Always I had to stop gambling due to losses I did it without further issues, besides a temporary urge, impulse to keep playing, because it's really hard to accept you lost and it's game over. But after controling that temporary emotion I quit gambling until recovering my losses through another sources of income, so I can come back to gambling again later.

Right now, I'm recovering myself from a loss, so I quited gambling, although I have plans to gamble again once I conclude this recovery.

AIs can't predict the future, therefore they can't come with accurate results. What AIs can do is the same calculations sportsbooks do to balance the odds of a bet, that is, to find the favorite and the underdog of a match.

If you follow AIs, you are always going to bet on the favorite, because that is the most logical scenario and AIs totally work based on logics.

However, favorite teams or athletes can also lose, so it's not safe to follow such AIs on their predictions.

I'm an enthusiast of such investments, but after Celsius scandal (including the outcome for investors, decided by the court) I totally lost the interest for such platforms, because there aren't guarantees. I thought to have a regulated company and staff in front of the service would ensure safety for investors, but after all it meant nothing.

The only platform I still have some trust is freebitco.in, because their business model is profitable and the site is alive since 2013. Ironically, although it's completely unregulated and anonymous, it still has more legitimacy than the "unbank yourself" regulated Celsius business.

Anyway, it's not financial advise. I'm just sharing personal experience. Invest at your own risk.

That is actually expected and just a matter of time until happening, as technology is developed. If we look the past, we will see many jobs that existed before don't exist anymore, because they were automated. And that isn't a bad thing, since it has brought more confort to civilization, while those humans can still occupy another jobs' spots.

Also, new categories of jobs more related to humanist area, where the direct contact between individuals is the focus, with emphasis on sensorial aspects tend to take place, as that is something AIs can't execute with excellency.

It's said mining won't become unprofitable, because miners only sell their bitcoins for a price that can pay for the mining costs, plus some liquid profit for themselves. Theoretically they would never accept mining at loss. So the market has to adjust itself to the currently costs of mining operations.

Less bitcoins mined per block = more expensive bitcoins. And mining profits remain stable...

Usually when a new law is passed it can't be used retroactively to punish previous events, so you probably don't have to worry about past transactions. I don't know if it's a general consensus in every countries, though.

Doesn't your government have an online "transparency portal" where citizens can see what portion of their money is going to each sector, like education, health, security, infrastructure... ?

The tool itself is an advantage for users of Binance who move large chunks of money and have to declare their income and every other details to their local authorities. I don't think there is any disadvantage on this tool. The disadvantage many people complain about is to have to declare income and pay taxes to the government, although it's an inevitable part of the deal when using centralized services.

I believe the only way this business format can work in a sustainable way is if they are running a cloud mining system. What means rewards investors receive by holding the NFTs will decrease within time until reaching to zero, as it has been already seen before with several platforms of this kind.

On the other hand, if rewards don't decrease within time, like in every BTC mining businesses, there are serious chances it can be a ponzi scheme.

I understand you don't want any legal issues for your business and for yourself and there is no problem in thinking this way.

However, if you do exactly what those regulators want you to do, you won't be able to invest in bitcoin anymore and might lose opportunities that will come with bitcoin valuation. Opportunities that could potentially be your passport outside a country which enforces abusive, restrictive and censoring measures over its citizens.

Give up btc on your business for now, but keep investing on it and growing your holdings in secret.

This is definitely not a good idea to buy this token right now, after seeing the news whales are moving large chunks of SAND to Binance. The risk to be taken doesn't worth considering the currently scenario. It's better to wait and see what these whales have in mind and what they are going to do with their tokens next, before making any moves. In times like this it's possible whales liquidate their tokens in order to raise funds to boost bitcoin price, starting a new rally.

Just like this one being promoted on this thread is also a cheat. I understand what you say, it's really difficult to migrate from a poor country to a developed one, because there are many restrictions, besides having many requirements, especially financial ones.

If you are looking for a contract I guess the first step would be to seek it through an educational institution in your country which has partnership and contact with employers from first world countries. But you need to improve your English skills, anyway.

I believe we have to rely on our luck, hoping the most unexpectable of the outcomes happen for real, instead of focusing in accumulating many golden tickets, because it's simply not possible to compete against the whales. Last winner had 4870 GTs, what requires a lot of gambling activity and/or money invested for that purpose. I suppose most of us can't reach that number of tickets to stay highly competitive on the biannual draw.

Bitcoin is back to the 23,000$ resistance level after the last correction which didn't let btc stay above the 24,000$ line for too long. Now, as soon as btc hits 23,000$ the price instantly drops to 22,700$-22,900$, although bitcoin is still fighting bravely to retrieve the previous position and may sit above the 23,000$ zone in the following days in a very confortable position. Actually, the key point seems to achieve the 24,000$ price range with solidity. Once this happens, confidence and morale among investors may rise considerably, what can make it possible to reach close to the 30,000$ mark.

Yes, gambling in general is getting more popular where I live as well. I see this by the amount of posts on the internet from people talking about gambling online platforms and also by the fact youtubers and celebrities are promoting such services more frequently these days. Differences are hugely noticed after the pandemic. I think we could classify gambling before Covid-19 pandemic as one thing and after as another thing.

At same time, with popularity it also comes the criticisms. Many people don't know how to adopt gambling on their lives in a healthy way, so they end blaming betting platforms for the financial bankruptcy common citizens are facing in the country.

I don't blame them at all, though, because some promoters are really unethical, as they advertise casinos as a mean of making an extra income. Add this to low educational backgrounds and you will have a lot of angry newbies losing money and calling gambling services scammers.

Yes.

Probability of 50% downside and 50% upside.

For how long are you willing to hold your coins? In my opinion every investments in btc should be made focused on long term returns (it can take years holding until you have profit). And if you can't bear total losses, just invest the amount of money you can afford to lose.

I think the answers are pretty solid:



In the end it's stated that investors should only trade with money they can afford to lose, due to the risks this activity involves. When we are trading, there is no way to assure the initial capital is safe, unless we don't use it for trading.

There isn't easy way out of this situation, but the individual has to raise his income, earn more money without contracting more debt, so he can finally finish it forever. Finding side hustles is a possibility, but in the worst of the cases I think I would live like a homeless in collective shelters until liquidating the debt, so I could nuke expenses with energy and water bills, and probably rent my house to get more money to pay the loan back, or to not have to pay for the rent, in case the property I lived belonged to the landlord.

ChatGPT AI lets it very clear it can't predict future events or give any financial advices, therefore it can't be used as a trading tool or trading bot. As I see it's just a very technological and modern opened encyclopedia where people can have access to theoretical neutral definitions and informations about almost everything in the known universe. I don't know from where people came with this idea of using ChatGPT for trading, but it's a funny assumption.

I share more or less the same point of view you have. I'm into bitcoin because it has been the tool I've found to save and invest money thinking on long term, instead of putting it in a bank account to earn less than inflation. I try to avoid national currency as most as I can, and that is how I'm making my money last longer, maximizing it to its full potential. I just don't adopt stablecoins because I think they are risky due to being operated in a centralized form by private companies.