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2681  Alternate cryptocurrencies / Altcoin Discussion / Re: Terra Luna Classic - realistic prediction? on: December 03, 2022, 03:09:08 PM
Well, I would suggest you to hold on if you think that it would go up. It is not really about hate, but considering what has happened, it is very hard to trust that it could go up. It's great that you made x5 profit, but what if you didn't? That's the scary part and that is what people are afraid of at the same time.

I believe that there would be a big problem if you buy it now, and then the price starts to crash, why would you want to risk your money on something that has proven to fail before? This is not hate, this is smart investment and that is how you make some money with it, and I believe I could make money by avoiding bad hits like this.
If it is just potential or tendency on its price to go up, then there is really a chance. But the problem is; what would make its market value to rise? Its reputation was just wrecked before. I'm not saying that it is the end of this token's career already but for sure it will hard a hard time to recover from what happened. And also, many investors are aware of this which pushes them away from this token for their good. But those who can endure its market reputation, feel free to do so but avoid being too optimistic of things.



I just feel that as I now have 2 million for free there is no risk for me financially so may as well hold it until I see a significant rise again in price.

If I sell now that is only $360 profit and yes I could put this into Bitcoin but if I sell at 0.0005 which could happen at any moment then that would give me $1000 profit.
Although it is free, it is also money, not without value, we should also cherish it because making money is not easy. If you sell it and buy bitcoin at the current price of $17k and if bitcoin goes up in price, you will also make a big profit. If you don't sell and keep holding Lunc, of course if it can go up to 0.0005 you will get big profit but still there is a risk that Lunc can go up or not. But if it is bitcoin then it will definitely increase and lunc only increases when bitcoin increases. All decisions are yours, we only give advice.
Point is; the potential of remaining invested money relies on the hand of investor. Indeed, there's an option for investment diversion wherein one could move the amount to a token which has a higher tendency to recover. But that would simply turn to another token investment basically since you'd be choosing liquidation of your previous investment.
2682  Bitcoin / Bitcoin Discussion / Re: Ponzi scheme scammer uses BTC to cover tracks on: December 03, 2022, 02:39:24 PM
Do you guys know why there are scammers? 'coz there are people they can trick. But why are people being carried by  those frauds? 'coz people believe to easy way of earning money or profit. There's no such thing. Those people earning big time invested time and money which makes their methods 'easy' on our perspectives. Once something is unrealistic, be cautious and vigilant as well. Such as with what OP have mentioned. 100 bucks and 600% in returns just by storing it. How's that even possible? There's always that risk indeed on every means of investment but atleast you can minimize it by doing a bit of research or reading of what you are trying to drag yourself into.
2683  Bitcoin / Bitcoin Discussion / Re: Why We People Cannot Think Like Whales 🐋 🐳? on: December 03, 2022, 01:27:16 PM
Difference with capitals would make difference with ibvestors' tactics on how would they handle price movements. Whales could really make a 'wave' with their move while small investors won't which simply makes sense why they are hesitant with entry and exit points.
actually in investing in bitcoin and crypto. we don't think too much about whales, but we have to look at their struggles, namely why they are so successful that they can generate large profits, so actually whales or not, in my opinion, doesn't matter. because they can become popes because of their good mindset. because of course before they became popes they also worked hard, were patient and of course held back their emotions. so for us to move forward, try to think like the Pope. for we too can be popes if we have good thoughts.
On my end I am taking advantage of whale movements; such that if they'd create a pump in the market, best thing is to ride with the tide in order to generate profit. More of initiator and follower relationship. But any strategy would be okay as long as it works for your investment routines.But risks would be on the followers because assumed 'signals' could change from time to time as this market is volatile in nature.
2684  Economy / Speculation / Re: Predictions, predictions, predictions... on: December 03, 2022, 12:36:10 PM
Indeed, if it is a long-term investment, it is not difficult to predict the price of bitcoin, in the long run, bitcoin will only increase. Price prediction is for short and medium term investors only. Many people expect the market to recover quickly, but I want the bear market to continue because if the bulls come, I won't get a chance to buy cheap bitcoin.
In the long term I will not predict the price of bitcoin, but I will tend to wait for the price to be higher than the target I have set. For example in 2024 I expect bitcoin price to be above $100K, while in 2028 it is much higher than $150K. I don't know what scenario will make $100k - $150K, but when the demand for coins gets very high then the price will be higher.

But there is something strange about the current crypto market, many types of crypto are much cheaper than usual, maybe this could be a sign that the current crypto market is at its true point.
That's because bitcoin has lost 75% of its value since last year's ATH, so I guess altcoin will follow suit as a result of the drop in price.
For sure there are assumptions as investors; the moment you bought or the point you are trying to invest. Assumption such as its price would be x% on a period. What's wrong is to depend solely with predictions or be eaten by certain measure in this industry 'coz no consistency with this industry especially in terms of market price behavior and patterns. But also another thing ; it is better to have assumptions than no plans at all. Atleast you will have something to anticipate for future market trends or direction of market prices. Just avoid FUDs and other things which could affect your measures of how will the market price move for a certain period of time.
2685  Economy / Speculation / Re: Hacker of FTX dumping ETH for BTC on: December 02, 2022, 11:59:23 PM
Due to the FTX token hack, the market started dumping in a way beyond imagination.  Not only Bitcoin and Ethereum are being dumped but all cryptocurrency coins are being dumped.  Because FTX holders they only trade in Bitcoin and Ethereum and BNB unique coins.  Because of this, all coins and cryptocurrency markets including Bitcoin and Ethereum are on the way to dumping.
Actually dumping was happening before the FTX hacks happened, but not as bad as it is now or after the FTX hacks happened. Because when problems with the FTX exchange were exposed to the public through various media, the market conditions immediately changed for the worse with continuous dumping.

So this actually started with normal dumping and was continued with the FTX exchange problem so that the dumping size became much bigger than before. Because when Bitcoin starts dumping, others will also experience the same thing.
Yup there was a decrease already on the market value of cryptos right before the issue which happened recently but on the other hand, it made the dump worse for sure because many people panicked that their assets would be gone
 Stories were heard that some were liquidated in an instant 'coz their assets are in the position and what happened is not something expected by many people. Dumping is just a normal thing in this industry as part of market volatility but what happened with FTX has something to do with exchanger's negligence on securing networks.
2686  Economy / Speculation / Re: Bear market likely over? on: December 02, 2022, 02:44:23 PM

Nobody can say that bear market it getting to be over, the bear market always depend on situation in ground some situations like, inflation which normally effects the economy, thing war that happened recently between Russia and Ukraine, also problems of exchange broken down. So we are expecting bounce back in price of Bitcoin and some coins if this situation stop happening and more people are investing in it and time adopting.

Bear market will likely to be over if we are not out of this silly situation, especially the rules exchanges are playing nowadays hacking of exchanges likely what happens to FTX exchanges recently. These are the  particular things that discourage the investors and stop peoples from adopting Bitcoin or crypto generally.

It will only be over once there is a "run" or simply, when bullish pattern is visible already. It would be easy to say once such thing occur; most of the cryptocurrencies are in green marks, one after another price ceiling is being broken. This is also the time entering would be a good idea to ride with the upward movement. But that is indeed right; we or no one knows when will this direction occur to the market prices. Recently, a pump was seen which made high hopes for the investors that the market could recover before this year end. But after just a day, the market is again down. This simply instance is the proof how volatile the market prices are. Accurate prediction is close to impossible.
2687  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful where you connect your wallet on: December 02, 2022, 02:27:48 PM
These are unwritten rules. It is money we are talking about, we have to take extra cautions of risks involved regarding important informations and that includes website that you access on a daily basis which could endanger your assets or wallet itself.
I had also connected my Trustwallet to many websites, although that was Trusted. And we can reduce this risk, through revoke cash website, which means that we can reduce the risk of being connected to other websites. One of my friend's PC was hacked and all of his funds were stolen, so revoke cash website will be a better option after all these.
Many cases happen that we put blame because our wallet is connected to many websites which is also possible. Hackers can simply wipe out your funds once they got access to your PC especially if you are using an online wallet. We should have to avoid this kind of doing. Extra precaution is really needed to keep safe of our funds and we don't let these scammers take our hard-earned money. Though we know it was a trusted website still we can't assure that we are safe, better if we have to hesitate about the possible things to happen that being sorry later.
Problem is; if your infos leaked, it would be hard to retrieved especially if your assets were already stolen. Reporting it would cost you time proving that ut is really stolen. Prevention is always better than cure. Some are even double checking the spelling of the website they are accessing 'coz there are fake platforms mispelling the known one by single letter only. Once you've input your infos, everything's done for.
2688  Bitcoin / Bitcoin Discussion / Re: Bitcoin's Last Stand on: December 02, 2022, 01:58:37 PM
my 2030 machine is saying:

wrong
But according to their little evil plan, by 2030 you will own nothing and you should be overly excited about it.

Of course to them Bitcoin is in its last stand, they hate knowing we have ownership over our finances.  It gives us a level of control they wish we did not have.  They are slowly losing territory as Bitcoin keeps winning.

-
Regards,
PrivacyG
With that huge span, many things could happen.
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Regulation can be misunderstood as approval

Why are they going to regulate crypto if it isn't for approval?  China bans it, so why not just ban it like them if they are not approving.

True, I understand regulation as accepting and coexist with it while setting limiting parameters.

the game many countries are trying is not a complete forever-ban.

its a ban-to-control phase

banning it alone is just saying "we dont want to be involved we dont want the risk we wash our hands with it and dont want liability"

ban-to-control:
banning then permitting(licencing), is where banning it stops anyone openly using it. and then setting a permit(licence) to limit who or how a business and its customers can then use it. thus then controlling the gateways in and out of the thing. plus they can make profit on the licence fees and penalties
Definitely something which is not understood by many of us. Prohibitiosn is simply failing to get what they want from this industry which is to tax every transaction because of the impression of "big profit" earned by many investors. Well, governments are not aware of how long profit will take to be earned. Given how volatile the market is, there are only periods of uprise movement; thought being disregarded because profit is more emphasized. Regulation on the other hand would be made possible through third party wallets but as given in this industry, there are centralized and decentralized exchangers which keeps investors safw from taxes. And in these instances, governments decides to prohibit its usage.
2689  Economy / Speculation / Re: You sure bitcoin/crypto isn't losing popularity to sustain whopping 16K coins? on: December 02, 2022, 12:32:17 PM
When I read the comment section of any news article about crypto, its mostly people calling a ponzi scheme, a scam, do not invest.
It depends on where you look! It is like going to a bar and complain about everyone being drunk...

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There is so much negativity to crypto out there right now,
There has been always a lot of legitimate negativity about crypto (read altcoins) for good reasons. They are useless and majority of them are scams.

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especially with FTX,
That's already old news.

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that its hard to see how 16K a bitcoin price can even hold.
You should care about bitcoin as the only decentralized currency not something to get rich quick from Wink

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Most people that know nothing about bitcoin and how it works, but keep talking about the FTX scam and the fake monopoly money, the Ponzi scheme, I'm sure you heard it all.
Which has nothing to do with bitcoin!

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In order to sustain these high ~ prices, high when you consider bitcoins were so much cheaper just a short time ago in the past, you will need a lot of people buying it and becoming interested in it.
Just replace the ~ part with any arbitrary number and search the same term you will find people say the same thing when price was $0.001, $0.01, $0.1, $1, $10, $100, $1000, $10000 and you will see the same when it reaches $100000 and $1000000

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I own close to 2 bitcoin now, purchased in the last few months so I'm under water on my investment, and am worried that bitcoin has run its course and now its just all downhill from here.
You should have educated yourself about this decentralized censorship resistance currency before you converted your other currencies to this one! You should have also converted what you could afford to lose.

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I may purchase more at 10K though as that is what most people think we are heading to, even on this forum.
LOL.

We've been hearing this a lot recently which makes it redundant. Issues were faced before which made impressions for this industry as ponzi and fraud; volatile market value, prohibitions by some governments, scam projects and more. Losing interest? possible especially during down times in this market it is not surprising. Most people looks at this technology more of an asset than currency. But things would surely change once there's something, most of the time are news related to cryptocurrencies or in favor for this industry, which would hype the interest of potential investors once a bullish pattern is established. We might not know when will such thing occur, but the only thing we should do is to be patient for now.
2690  Alternate cryptocurrencies / Altcoin Discussion / Re: How to earn 9-10% APY using USDT and a simple strategy on: December 02, 2022, 08:56:18 AM
Hi everyone! We are creating audits and strategies for different protocols. We specialize in strategies with low risk and average APY.

Check out the first strategy here https://medium.com/eonian-finance/the-ultimate-guide-to-leveraged-yield-farming-a31d206b43c6

Send these platforms in the comments if you want to get strategies for other platforms.
When you want to profit from staking something, you must give your funds to a third party platform and they will keep them under their control and use them for various purposes and give you some profit like the central bank of every country.  So there will be lots of ricks as your fund will go to other hands and it can scam you anytime but it is not guaranteed. So I don't support it much
Yield farming is just risky. That is right, it is like you allowed certain group of people to borrow your money for him to trade it and once he earned profit he'll give a percentage of the winnings on your end. Problem is; will there be a waiver that would give you assurance that your money has a tendency to be returned? 'coz if not that will only be a verbal agreement and that won't be acknowledge as complaint if anything bad happen. Much better if you will just copy trade if you don't have the knowledge with investments. What is important is to hold your capital on your 'authority' or wallet yourself. This will minimize the risk of losing money out of negligence other than the risk of having losses due to market behavior which is just temporary as long as you are not selling or liquidating.
2691  Bitcoin / Bitcoin Discussion / Re: Bitcoin isn't a religion. on: December 02, 2022, 05:48:50 AM
Religion? who would even think of that?
Butcoin is indeed a profitable investment but obviously it is far from religion which is more of belief of something which resembles 'conduct' to its believers. These things are just too away from one another.
Bitcoin isn't even a religion in the first place! if Bitcoin is a religion, we need to pray in specific day, like a Christian who pray every Sunday morning. Bitcoiners or Bitcoin enthusiast wouldn't need to pray and there's no God in Bitcoin, Satoshi himself is a human and he's just very clever among other people. Do you think Albert Einstein, Alexander Graham Bell. Nikola Tesla, and Stephen Hawking are Gods?

Praying is just a tool to communicate and if that's the case, whose entity would we want to communite? Satoshi? Silly.

I'm really surprised that there will be people (if this is even true that there are individuals thinking of such thing) to literalize "praising money" which is in the first place is just a figure of speech, which simply means an individual is looking that much  of how powerful money is. The analogy you used with scientists and their creations are the best example. But if and only if you know someone who think of such way to cryptocurrency, please advice him to seek for professional help.
2692  Bitcoin / Bitcoin Discussion / Re: The future of Bitcoin on: December 01, 2022, 10:48:31 PM
As someone who wants to invest in crypto or bitcoin, you may choose whether to buy bitcoin on a centralized or decentralized exchange. It's about how you can accept everything that's going on, including the government's control over exchanges and how you can find comfort in buying those bitcoins.

The government is indeed trying to impose taxes on exchanges because crypto has now become a business that has the potential to get big profits. Hence, this attracts the government's attention to get taxes from the crypto sector on exchange exchanges. This will continue but we also have a decentralized exchange that doesn't need our data to buy bitcoin so we can use it freely.
Taxation is all that they are aiming of eversince this technology became popular. It even made an impression to non-crypto users as an easy way to get rich, which I think, made it no longer surprising for government's attention to eye on this growing industry. But at the present, they don't have that much power to control everything and this is because of the decentralized nature of cryptocurrencies. In the future, I think regulation is possible in this technology for Bitcoin and for other cryptocurrencies in order for it to be considered as an offical alternative mode of payment. If that will happen, I think its edge as an asset will decrease because demand won't be as high as the present or past, if it will be more accessible to the public masses. But that's the goal of cryptocurrencies which is to be used on daily transactions so it is quite a win-win.
2693  Alternate cryptocurrencies / Altcoin Discussion / Re: The NFT hype makes Opensea rich on: December 01, 2022, 09:47:47 PM
Opensea is one of the pioneers in NFT marketplace started last 2017 where most projects are busy in so many scam ICOs but opensea creators started very early supporting this unique arts stored in blockchain no one knows its the next trend after ICO and Defi, unfortunately some NFT projects turns out to be a money making machine for other people, imagine selling an image worth nothing putting in a blockchain and worth millions lol,
It is true some of the NFT projects made a lot of money and some were able to sell them for really high valuation, but have you checked the state of the NFT market right now. I bet anyone who spent money during the rally for the NFT will be baffled with the way things have ended up. Check out the NFT trading volume as well in Open Sea, it has plummeted as well and they had to lay off their employees like any other cryptocurrency project.
The market price of NFTs are also volatile because alike with cryptocurrencies, its market price is determine by demand. There are times the market price of an NFT project will rise in an instant upon its release to the market, and also the other way around which is a sudden downfall. Actually, I view NFTs like newly released project token wherein the basis of the demand is the potential of the project in general. Indeed, many people have earned huge amount of money from it and also, many people have lost money through it; part of the process. The plummet in NFT trading is somehow in line with the market behavior in this technology. Many people avoid using their assets to buy NFTs because the market value is low.
2694  Bitcoin / Bitcoin Discussion / Re: In the eyes of Sam himself, he is so innocent on: December 01, 2022, 04:20:02 PM
He's simply negligent for now knowing there are irregularities with the fund already. No one would confess that they're guilty 'coz they would suffer the consequences of their action. From the past years, I've never seen someone being jailed in this industry even if there are obvious evidences, concerning project owners. They have the resources to steer the result or judgement in any trial court as long as they are more powerful than the complainant/s.
I have never seen anyone after stealing other people's money and then saying that they intentionally stole everyone's money, all will always excuse themselves as a victim in all those mistakes and say sorry to others. I don't know who is the mastermind behind it all but we do know one thing that SBF runs FTX and he is the one with access to everyone's assets. He has to take responsibility as CEO of FTX, don't try to be innocent or pitiful, billions of dollars are stolen not just a few dollars.
That's the only thing they could do to protect themselves. Mastermind? no one. That's just pure negligence on their end. I believe things are unplanned but were also not expected by them which resulted into a huge problem. Breach or what, they should have secured every aspect of their project no matter what.
2695  Bitcoin / Bitcoin Discussion / Re: Teaching Bitcoin To My Friends| You're invited too (Online class) part 2 on: December 01, 2022, 03:24:04 PM

Thank you buddy Wink

Yes, all my friends now have at least $100 Bitcoin in their wallets. In the third/fourth week, I showed them how to buy bitcoin from an exchange and bought $30 bitcoin to show them how it works. Also, they have completely learned how to sell bitcoin and know all the security tips about the wallet.

I think It’s great that you’re keeping tabs on them and monitoring their progress as they grow.
Also great that they’ve learnt how to purchase and sell bitcoin through exchanges. I just hope you remembered to warn them to take their funds away from the exchanges after each purchase or sales of bitcoin(very important!). Overall, I think you’re doing a great job in spreading the gospel of bitcoin. Hopefully they would learn enough to also teach others.
Been years before I've learned the idea of this technology. Checking progress would make it faster ofcourse and with proper guidance as well. Actually, sharing is fun not only in this industry but also to other things as long as it would give additional knowledge to other people. I hope you'd tackle misconceptions of this technology or industry in general such as easy way to be rich. This also includes risks involved from engaging in cryptocurrencies in line with its nature of market volatility. These things I think, are the best prior knowledge if you are trying to impart yours, before engaging with advantages of this blockchain.
2696  Alternate cryptocurrencies / Altcoin Discussion / Re: Can crypto exchagnes regain users trust with PoR? on: December 01, 2022, 03:06:08 PM
Announcing proof of reserve would be a plus to those who would but we just cannot demand for it. Best thing is to do our part of responsibility such as not storing huge amount in exchangers treating it like a wallet. Also, from being in this industry for years, this is the first time I've saw an actual negligence from exchanger's end so I think it would be wrong to generalize the situation for it would just complicate things. Risk is always involved in this industry and losing is a part of it. So if you cannot endure things (i'm not normalizing what happened), or even look with the possibility, then investments might probably not suit you.
GM crypto fam. Happy December!

I've seen that several exchanges are trying to increase client transparency after the FTX crash by disclosing their Proof of Reserves. Since there is no way to determine whether the exchange is not using client funds to cover hidden debt or anything, I personally don't buy any of this.

Since I'm genuinely unsure of whether I'm missing something, I figured I might get some helpful insights from more experienced people here.

Is PoR actually enough after all that has happened so far?  Huh


Source: https://app.getresponse.com/view.html?x=a62b&m=BVGySe&mc=9I&s=BtgXWnG&u=QcLhh&z=EShzGUd&





As far as I know, only Binance has come out to announce their proof of reserve idea - in fact, I think they are the first to come up with this, so I don't know why you are saying 'several'.
I don't think users have any choice but to deal with exchanges even if they can not trust them enough, but this is just my opinion because despite what happened some people will still not find it necessary to store their funds in their personal wallet, users are as guilty as the exchange.

If people can use exchanges the way they should be used such an incident will not occur, exchanges are created to enable investors buy their desired crypto and store it in personal wallets not use the exchange as their personal wallets.
Im one with this side. I'd choose to make the adjustment as an investor because that's the right thing to do than to try seeking for changes from them.
2697  Economy / Speculation / Re: My advice to you regarding bear markets. on: December 01, 2022, 02:37:15 PM
The rumours about satoshi hodling thousands of btc and then plans to sell it might be fake. He never want to make a profit but he only want to help the people to have some freedom and have a control of their money. Not just btc but all cryptos have a risk but it can be lessened out the more the knowledge and experience we obtained.
This is still an old story and there is no clarity until now because we don't even know that this is true or false, moreover this is only a handful of information that is still floating with various speculations that exist.
But on the other hand, we also cannot fully believe or completely do not believe in something like this because all possibilities are still there and all we have to do is continue to be here carefully, so in my opinion this is enough.
The fact the this industry doesn't even know his true identify, falsifies this idea. The market value of cryptos are solely depending with the demand from the community. With that being said, the risk itself is how will the interest of people towards this technology, change. It could either be for the better or the opposite, as years are going by. More countries are now adopting this industry as a mode of payment but demand is still the same. The reason behind this is market volatility. Most of the people are more interested with using this technology as an asset and no longer as a currency. Therefore, the breakthrough would rely on how will this industry be accepted in the future.

Going back with handling bearish market, an investor is free to sell if he really chooses to. We have different circumstances and those who are selling simply cannot endure the market behavior, and that is just valid. But to those who can, no matter how many times you heard it, avoid selling. Losses are temporary as long as you won't liquidate your assets which should be enough for you to be firm on downtimes.
2698  Economy / Speculation / Re: December Has always Proved to Be a Good Month For Cryptocurrency industry on: December 01, 2022, 02:05:34 PM
Not until the market price fall in red marks again. I also thought that things has chances for this year, even atleast for a slight recovery. But just as early as today, market was filled with red marks once again. Quite unfortunate but definitely not something to be scared of. This might not be our year and we may accept that. For now, being patient would save us from bigger regrets if we would sell our holdings just because of current market situation. But there are still more than 3 weeks we can hope for before this year end. I do wish that the market price will remain at $17k range if not higher, to somewhat have a good start for 2023.

Everyone will say what they feel will happen but at the end of the day, nobody can actually tell how the market will behave this December, just like nobody expected ftx to suddenly go down the hole.
The most important thing though is to take advantage of the bear market and buy what you can afford, the market will do it's thing at the right time.
Market is just unpredictable. From being down for weeks then a sudden pump, then being back again in red marks. All of those changes happened in an instant. Volatility is both the beauty and down part of this industry.
2699  Economy / Gambling / Re: Consider open live casino (street gambling games) on: December 01, 2022, 12:57:08 PM
This will be questionnable. One reason is manipulation; live video won't save you from allegations. Also, as other users have pointed out, there are other gambling platforms as well as games which are giving bonuses, and bigger odds which generates bigger profit. Live 'street gambling' as OP is proposing, I guess, won't be good in a long run. Even if you'd play it fair and square, there nothing more to it; it would be a typical gambling, which is just played online through video. I do get the idea; it is something new. But this will just be like cock fighting in some locals wherein those who are just into it would enjoy but won't welcome the interest of other players. In this industry; gambling casinos are always seeking for edge over other competitors. It would be worth of a try but I doubt it would be that popular, sorry.
2700  Economy / Gambling discussion / Re: New Solution to Address the Problem of Gambling in Australia. on: December 01, 2022, 09:28:55 AM
  You are right in saying this, so most gamblers do not get to control themselves when they are playing a casino, especially when they experience frequent wins.

In addition to that, I also don't think that cryptocurrency gambling platforms will allow them to remove credit cards when it comes to making a deposit transaction, which is the only thing gamblers can do to exercise self-control, they should train themselves not to carry any debit card or credit cards to avoid to use the budget they have in which is alloted for the other things.
there's alway a solution and for sure those addicted to gambling can make a solution for that as well to keep going their habits.  For me i think much better to put limit on every users in exchanges especially if they can detect that the address is from gambling platform so for sure it will work to solve the problem especially those countries that really spending too much money in gambling.
Would be impossible for such thing to happen. Ehy would they limit transactions because of a possibility alone?, Better solution is not to use credit card directly to avoid linkage between the bank acc and gambling platform especially if it is crypto based. For sure there are credits or tokens being used in order for a player to play , so there's really no need for using it directly. In such way, the fiat amount converted into that certain token and your fiat would be safe from being accessed by the gambling casino. Checking as well the credential and reputation of a gambling casino would surely lessen the worries of players.
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