My lucky moment was when I changed payout to x100 instead of x10 on dice by accident and it hit on first roll. Oh man, I was so shocked. Also went all in by accident once on x3 and tripled my bankroll in just one hit.  Pretty lucky guy you are. I've never really hit a lucky strike like that, and both of your lucky wins were just by accidents. I guess you are very lucky indeed since you won on both occasions when you accidentally placed wrong bets. Though I hope you cashed out those winnings and not let it get lost in the next games. Usually gamblers have a bad habit of still gambling after their wins and they just end up with nothing in the end. |
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Of course gambling should be fun, but let's be real and admit that we all gamble for profit apart from having fun. I mean, why would someone throw away money for fun only?
And imo the smartest way to gamble is to gamble what you can afford to lose, set limits, withdraw on profit and *never* go all in. Also be prepared to take losses at times, because we can't always win. And forget about your previous stats on the website you gamble. Don't chase losses. Everyday is a new day.
I'm not an expert, but I try to follow these "rules" and at times i fail on the *never go all in* part. But in the end, wether I win or lose, I go to bed as a happy man knowing I didn't lose money that I can't afford.
That is indeed true, limits always help to prevent losing a lot of money in gambling. This is a rule I've learned the hard way back when I started gambling. I would say that I also have the same problem in gambling, I can never say no to going on an all in bet. Problem is I most of the time end up losing that all in bed and just end up with nothing. But I do sleep well at nigh too, since I did not really lose much and enjoyed my gambling sessions without too much guilt. |
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If I lost 50 BTC at the market price now, I will feel very bad. This is my salary for many years and I could have buy a nice house for my family.
Indeed, this is a lot of money right now. However, there are millionaires out there that can really lose this much money in one bet without even hurting their pockets. I guess these are the inequalities of life we could say. Some just has so much money compared to others and we can't really do anything about it but to tax them and redistribute wealth (as the governments would put it, which I don't think really works since there are still a lot of poor people). |
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I tried working in casino and there was only one french roulette inside. Everytime it was played, you cant guess where or what number the little ball will land. Im not so sure math can help when it comes to roulette. The rolling of the ball is spontinous. Maybe in a poker games and bacarat math can be use. And of course help of luck.
if math will work on it i guess the developers already tried and test any factors that will exposed the possibilities of winning using mathematically analysis, i'm sure they won't let anybody to gain any chances of edge from what they've created so for me its still luck who can help you from winning in any types of gambling. Yeah, there would be a lot of mathematician who will become millioner then. Maybe it can help but in gambling you need to have skills togther with a luck to won the game. Machines were programmed, table games is different also. Thats why most of gambler believe in luck. Even if you very good in playing card games but if you are not lucky then you will lose it. Sometimes you win sometimes you lose. You donf do the calculations while playing because you cant see their cards but maybe being good in math you are good in analysis. That is true, if math did help you win in gambling indeed there would be a lot of nerds that would have been millionaires due to just gambling. The thing is gambling is indeed mathematical because it heavily relies on statistics which is a branch of mathematical science. The thing is, there is no way a gambler can consistently win in a gambling game if there is house edge. Because every bet will result to a negative expected value which will result to losses in the long run. |
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As the title says, do you think that you're addicted to gambling? or you just don't realize that you're addicted  If you ask me, i used to addicted to gambling but stopped after suffer big losses even though i'm still in profit. No I dont think that I ak addicted to gambling. Especially now that I ak not playing gambling or any gambling games right now and for how many mo ths. However I davble on it because some days k still think that I want to test my luck on gambling Seriously, you have some sort of problem with either your keyboard or basically how you write. What's "ak" and "k" on your sentences?
Well I honestly accept that I was once an addict in this industry and It's really imposible to resist not to gamble when I'm at my peak of my addiction. It's my biggest regret honestly, I kept asking myself why did I let myself be a prisoner of Gambling.
I was college student (Senior year, entering the last semester) back then when I first started to gamble, It was supposed to be just for an experience when our group decided to visit a casino. It was a good experience but I've lost control and I started to gamble with or without them. It was something that I can't get over it, I keep on thinking about gambling and I even research how to be good at poker. I thought I was just having fun but in reality I begin to be obsesed with it. I fought for years before I somehow regain my compsure and begin a hiatus in gambling. It was really hard but it was all worth it. I may not totally get rid gambling in my system but I have now a total control over it.
I guess the first step to getting out of an addiction is really to accept that you are addicted to that something. There is no way we can recover if we just plainly and blindly do it again and again and denying to ourselves that we have some level of addiction. It is great to see that you got over your addiction and you were able get out of the addiction and you have moved on. Quitting is indeed hard, so just try to keep your gambling to a minimum or just place a set limit to your gambling. |
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Vigilance is still not the problem. Even if you are vigilant but do not know what to be vigilant about then there is no point. The fact is that people are not aware of what to look out for, heck for sure more than half of the people that try to gamble don't even know how the site is able to roll a random number (which is not actually random by the way, it is just simulating "randomness"). I do believe that in terms of the gambling sites, there should be some sort of centralized authority that would check the gambling sites if they are truly "provably fair". I know that people around here hate the word "centralized" but I believe this is a necessary evil.
You'd be surprised how unregulated online gaming is. It's sadly a very dark industry. It goes a lot deeper than just fairness, practices used to retain players & feed on addiction can be quite sad sometimes. I think the original post should be reworded a bit, as the article is great but the discussion regarding it has been skewed. I totally agree, there is indeed nowhere to go without someone that would help gamblers with identifying problematic gambling sites. There is really no way a newbie gambler could have known that he is being cheated on a gambling site he found just by googling "bitcoin gambling casino" or other similar imports. Someone really has to police the casinos around the internet to prevent people from falling victim to an unfair and cheating casino. |
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Have an idea for a provably fair, transparent & honest gambling project? Request funding by creating a new topic in the forum section linked below. The Crypto Gambling Foundation will be happy to fund up to 5 BTC to individual projects as seed funding if we see merit in the idea. All funding is donation based and will not be asked to be returned in any form. Successful websites are more than welcome to give back to the foundation if they would like to.
By doing this, the foundation hopes to create a trend in new websites that follow how we hope to see the Bitcoin gambling scene become. The majority of new websites now days are sadly not. The best way to break this trend is by ensuring correct practice in the new & upcoming websites.
You will have to post a new topic with the application below. The topic has questions which will hopefully help determine whether your a stand out individual. Your business plan, which you will PM to me, will determine whether your business is something viable and worth funding.
All approved websites for funding will automatically become junior members of the foundation. This is not a fully verified operator as you will need at least 6 months of legitimate operation in order to become eligible. https://forum.cryptogambling.org/topic/42-gambling-website-or-project-funding/That's pretty interesting... Another foundation trying to make money. Gambling is in no way supportive to the world and we got a lot of casinos already. I'm not entirely sure why you're funding new gambling startups. Only for the money? If not, why wouldn't you just go for 3rd world projects? They can be quite profitable as well (though riskier and slower). Thus, I completely disagree on the statements of the previous posters that this is a nice initiative. This is only a nice initiative for themselves. So you are giving this amount out without asking for any return? Are you do this for charity? Because there are tons of simple site which can scam awau your btc, due to the current price, I think 5 btc is really worth to be scammed. Let say dice site which they can get easy code out there and create their site and claim it here, so you are not going to do anything and fund them just like that?
They're obviously not going to do this without asking for any return. They aren't charity. They're an attempt to become rich. Indeed there is an attempt here to get rich as well, but they are really risking something from their own pockets, don't you think this is how investing works? They are just investing their money into startups with the hopes that one of them will make it big. Also, what's so wrong in creating new casinos anyway? Remember Nokia? If no one else created new phones because Nokia had the whole market in their hands already, do you think we will every see a smartphone? I don't think so. This is just to say that from your own arguments you are completely wrong. |
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Was wondering, I did a transfer from Coinbase to Bittrex, It was only $40.00. I noticed a fee (after the send) of 0.00146938 thought that was a high fee around $20.00 , is something wrong with that ? did I just get popped big time ? Thanks for the help.
That is just things are right now, the congestion on the blockchain is quite big and transaction fees are rising due to this. This is done so that your transaction would go through and not be stuck. Everybody is complaining about it, not only you. The transaction fees are quite high and not helping anyone right now but the miners. Problem is it has ruined a lot of people's experience with bitcoin just like OP. |
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I would suggest you to just buy directly from bitmain since they are the ones really supplying those. It is quite hard to deal with these shady businesses anyway. Also, you can also probably get some miners here on the forum, what's nice here is that you can always escrow the money so you can be sure to really get the miners and not get scammed hard out of your hard earned money.
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I don't think it is possible to go back to $8,000. Bitcoins has been trading a lot higher than that for a long time. I do think it could go about $10,000 if things just go south due to the recent congestion in the network. But I think it is still way possible that this would shoot up after the new year. Anyway, regardless of what happens, bitcoins has beaten all expectation for this year and nothing can change that, even if it drops back to $8,000.
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As usual, the price of bitcoin has risen again. The difference is that in China, today's price of BTC is monumental, which exceeds 100,000 RMB(yuan) per BTC . If a Chinese man earns more than 100,000 yuan a year, his income can be called : oh ,not too bad . Although the Chinese government does not support bitcoin trade and development, BTC and various blockchain technologies continue to grow rapidly in China. When is the end of bitcoin in China? As a girl web developer, I wish I could witness the final miracle of bitcoin  I do think that price of one bitcoin is indeed a "not to bad" amount as a yearly income in most countries. So I guess there is no surprise there. However, the push from the chinese government to restrict bitcoins and cryptocurrencies are quite a problem recently and I don't think it has a good effect. It is hurting the progress of bitcoins in china and else where. Probably china would not be the safe haven people though it would be. |
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It really depends on your capital and risk appetite. It is quite easy to earn big if you risk it, though that also means that it is also quite easy to lose an equal amount of money in trading. Problem is, it is quite hard to determine where to invest in crypto, there are so much to look into and it's really hard to make a decision just based on speculation. Probably you can earn as much as 10% per month as income and that's really conservative.
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If the option to open a bank account with SEPA is not available, just convert back to bitcoins and sell it on localbitcoins. Just be mindful of the fees of things starting from the miner's fee, to the receiving fee of local bitcoins to possibly localbitcoin selling fees. Bitcoin to fiat transactions are really a drag to be honest, too much fees involved and a lot of hassle for anyone wanting to convert.
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I use poloniex, and there is really no app for that. I guess your only option is to use the mobile version of the websites. I wouldn't recommend trading on a phone anyway, as you can't really see a lot of info on just the phone. Heck, I even bought a big monitor just to trade because I think a small one is not enough to view the whole market before I make a decision.
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Better move this to the currency exchange section, this is not the proper place to advertise this. I do think though that there is little interest in people accepting paypal as there is a high chance of it being reversed. So likely people will be skeptical to deal with you or charge you a high conversion rate and will never be close to spot price. Good luck though, there are some people that might be interested.
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The only people who are currently benefiting from bitcoin transactions now are the miners, the transaction fees are insane,,
so many businesses which use to depend on bitcoin have close down because tx fee is eating all profits and putting people at loss..
i usually do paxful an purse stuff buying giftcards and shopping for people in exchange for btc. it usually works just fine but not with the current tx chargers
am also a merchant who buys and sell locally in my country ,,, same thing tx chargers has moved me outa business
i usually shop for people buying them all kinds of stuff but now due tx chargers i charge very hing and no one is willing to deal with again
,
,
,
and the list continues..
my question is why can't merchant website accept at least one other crypto for people to make their choice. there are other coins out there with very small tx chargers which suits everyone example bcc ltc ,,, if merchant start accepting alts then everyone will start accepting too,, i only deal in bitcoins because that is what everyone around me is willing to accept,,
why do we keep suffering from problems who's solutions are already there??..
Sorry for your losses. We all know the problem right now is indeed the rising cost of the transaction fees. Right now it is so expensive to move bitcoins and I agree that it is ridiculous to the point that it will really put small businesses out of business. As users, we can't really do anything about it unless people stop using bitcoins for a while and the memory pool clears up, but that is not gonna happen. About the altcoins, the problem there is that there is little trust people place on alts compared to bitcoins. It is like trusting the USD than the Vietnamese Dong, people would prefer USD than receiving some other currency. |
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I'm trying tho figure out How much wood could a wood chuck chuck if a wood chuck could chuck wood?
If it gets to the point where there are 2,000,000,000 users how would I calculate the price of bitcoin
assuming that there would be 12 million bitcoins in circulation ..
Does anyone have an Idea How I would calculate this ??
A more or less the value in US paper Fiat?
There is no such way, since people are buying bitcoins not based on how much bitcoins can be distributed to each user but by how much they are willing to pay for it. Assuming there is indeed two billion users and with just 21 million bitcoins, the thing is bitcoins can be divisible by as much as 0.00000001. So That is plenty of bitcoins to go around for everybody to be honest. |
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I guess right now bitcoin as a way to move small amounts aren't the best thing. The transaction fees are quite high due to the congestion in the memory pools. This might not be resolved in the near future, but likely another push for a fork will happen due to this. I will hold out right now as the fees will totally be not worth it to move your bitcoins. This is not caused by ANX by the way, it is really because of the current situation of the blockchain.
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Why not just buy from the site itself or amazon? You could get a compromised one from buying it elsewhere and in the end get your bitcoins stolen (especially if you are a newbie at using one of the hardware wallets). Also, consider just buying other hardware wallets as I believe Trezor wallets has been previously hacked due to the chip they are using (google it, don't trust my word for it). Personally, I have a ledger wallet which is I think is a quite nice also I've seen a lot of reviews about it comparing it with a trezor and most of them prefer the ledger over the trezor.
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Who knows, bitcoins prices are quite unpredictable, it may even go up and stay there for all we know. I do think the recent dip was just because of a correction and which has caused it to drop due to the super fast climb it did. It could possibly be going up again as it has already done a correction and this is the bounce back as a result of the recent dip. Maybe the next one would be indeed by January but not sure if it would be early January.
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