^ On my own, no betting is safe. Especially with the beginners. Betting is considered betting because of the high risk of losing your bet in the first place. No guarantee, no security. If you want to have a more secured type of ^betting (not really) but sort of, then go technical by doing trading (at least it is based on skills, not by the luck).
Ofcourse. We live in a World of uncertainty. Nothing is 100% safe without GOD... HE alone can make things safe or help us make things safe. If betting sites are developed the right way, with the right rules and people follow the rules and bet right, risk will be lessened and safety increased. Betting have good purposes. Abusing it is the problem |
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There is a reason why they forbid minors to play and that is because minors cannot think thoroughly like an adult.Not a single site will accept you in Fiat casinos without thorough verification and even crypto casinos will only allow you to withdraw to a low limit without being verified.
One of the most important reasons to forbid them should be the risk involved. Any betting site that accept that it allows very risky, irresponsible, unsafe behavior shouldn't be allowed for people especially kids to use. A good/responsible/safe betting site would be ok for kids as long as they have someone/people supervising them during bet to ensure they don't go beyond the limits that is required of kids. |
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Sounds interesting.
I can imagine how useful this will be if done right. Could work like social trading or something... where the good/skilled traders are followed by others.
Just hope it's really decentralized and there is sufficient rules to prevent irresponsible or very risky activities by participatants.
Bookmarked.
It is planned to address such bets through a community governance process. Likely through the selection of randomized referees that get rewards for acting as such (that part is actually the most complicated in terms of doing-it-right). You mean moderators (at randomized "referees") . Still close in meaning though, assuming you are referring to mods. I guess you mean randomizing the referees is difficult to do or you are not sure how to go about selecting quality referees through the randomized process? Actually it is both: a) difficult on-chain to get reliable randomness b) it is probably even more difficult to find quality referees. Especially the referee part of the dapp needs very careful planning from our side but b) should be solvable with a good-enough incentive in terms of rewards vs. reputation. btw: I favor the term "referee" because it makes clear that this person is supposed to be independent from the devs/admins of the contract. Wish we could discuss this somewhere else so I don't derail from the main subject of your post. Will be willing to share ideas with you on a safe channel. I just want this to be right so people/bettors don't get themselves into problems in the betting/predictions markets. I think both admin and referee are OK as long as they are decentralized and random |
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The top cryptocurrencies should be fairly predictable by just looking at their trends and with required data.
I think one of the ways to succeed as a trader is to just keep buying important dips(without risking too much) and sell for profits when price goes the opposite way. This is probably what bots/automation can do for you better if you don't want to sit infront of the screen all day.
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But yesterday I stumbled upon this article where a guy lost $140.000 worth of UNI because he granted a smart contract unlimited access to his UNI tokens. He provided liquidity on the UniCats yield farming platform. After a while user withdrew his UNI, but UniCats smart contract contained a backdoor which enable it's admin to access UNI even though it was in a user wallet. Platforms like the UniCats shouldn't be allowed on the main public ecosystem until they are proven to be secured/safe... and users should be clearly warned about such platforms if they have not been thoroughly tested so people don't put too much funds in them. I think there should be mechanisms developed to thoroughly audit/review smart contracts decentrally. Once they pass the review they are automatically allowed on the main public space for serious business. |
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I think the reasons stated there should be understood and solved so that the government does not have enough reason to intervene. If a crypto company is safe and good, banning would be considered lawlessness/dictatorship.
This is why it's better to be decentralized and censorship resistant so that if you are doing what is moral/good/safe, nobody can go against you on their own.
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Interesting.
I guess you could just change the logo to a flag (for the Decentralized Network), or we just call it a flag? People who don't like the flag could just call the logo something else (icon maybe?)
Symbol/sign should be used for the currency
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Newbies/inexperienced traders are advised to start with small amount or with amount they can afford to lose until they become good at trading. Can you afford to lose 50 UNI? If yes, then learn to trade with it... probably by first having a basic idea of how to trade crypto (you can find some interesting/ok cryptocurrency trading tutorials on youtube for example) and then try it out on a good exchange to see how well you can trade.
If you can't afford to lose that amount (50UNI), then I would advice that you convert part of the coins to stablecoin and only hold the amount of UNI you can afford to lose. You can then find time to learn ways to increase your UNI and experiment with the small amount of UNI you have to see if what you learned works and if the earning is sustainable. If it's profitable and sustainable, you could gradually start converting your stablecoin to UNI for more profits.
I don't really know where you can earn that much you stated (2-5UNI perday of 50UNI investment)
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Betting these days have been quite tricky, especially when it comes to football you never can be too sure as what might seem to be the result of the outcome untill the final whistle is blown.
One thing we must put into consideration in choosing what pattern our...
Even in any kind of game betting is quite tricky and risky at the same time because you dont know if the team that youre betting in would win or loose. The risks of being loose was still there. But of course you can have a little ray of sunshine to win when you were going to check its player and the team background, how they play, how many game the winned. Also from the player itself of course a different game has a famous name that was really good in playing its game. From there you can partially predict a end game result.Ofcourse. It's probably like doing fundamental and technical analysis in Crypto trading and betting on two coins based on the analysis. I assume football betting sites already have tools for bettors to analyze teams/matches fundamentals, team records, players past/present fitness, players skills, etc. The information will certainly help people bet right. |
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I have read a lot of theories about NBA being rigged and a little portion of me were convince, so I would like to ask you.
If you believe it's rigged, is it a disadvantage or advantage to us bettors?
Share your opinion and if you have some proof, kindly post.
Rigging will certainly affect the accuracy of bets. A good bettor who doesn't factor in rigging will likely be affected by rigged results. I don't know much about NBA(I'm used to football), but I think you could factor in the rigging before participating in the bets to see if it's true, then avoid betting on certain games/teams/referees that will likely be rigged or encourage rigging...and bet more on games with teams/referees that consistently look fair |
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Sounds interesting.
I can imagine how useful this will be if done right. Could work like social trading or something... where the good/skilled traders are followed by others.
Just hope it's really decentralized and there is sufficient rules to prevent irresponsible or very risky activities by participatants.
Bookmarked.
It is planned to address such bets through a community governance process. Likely through the selection of randomized referees that get rewards for acting as such (that part is actually the most complicated in terms of doing-it-right). You mean moderators (at randomized "referees") . Still close in meaning though, assuming you are referring to mods. I guess you mean randomizing the referees is difficult to do or you are not sure how to go about selecting quality referees through the randomized process? |
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Don't trade what you can't risk loosing
These words are very special. This is life changing words. When you putting your money on any project ,your money can go both way, in profit or loss. If the project succeed then money put by makes you gain but if project not getting success then you can not even recover your money. This is called absolutely lost. Everyone should know this in market or trading, or betting put the money that you can afford to loose.
Same in most businesses... you start with what you can afford to lose until you are grounded and start being consistently profitable in the business. If you don't want to start small, you could learn the business first and practice it for free via apprenticeship, getting goods from people/friends for free to sell(& share the profit with them) etc and see how profitable you can be. |
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The token has to be very useful to users, not just deflationary. I think the usefulness and fundamentals are very important factors to consider while developing/participating in a crypto project, otherwise it's as good as sharing millions of useless shiny stones amongst the uninformed and controlling the supply to make it deflationary.
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Agreed. The centralization of the exchanges most likely contributed alot to how people view Bitcoin and others. Probably one the reasons it doesn't make sense to them. I imagine the exchange users wondering: "How can this people say it's decentralized, transparent, privacy-friendly/anonymity-friendly, immutable, censorship resistant, permissionless, secured, consensus-driven etc whereas it's not"
The worst is that people who should know recommend those centralized exchanges/platforms and don't seem to be bothered..
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It doesn't have to be completely virtual currency. It should be both virtual and physical currency. I sometimes find the idea of eliminating physical currency really strange. If you prefer virtual/digital, then go for it, rather than imposing it on people who prefer something different.
I think you could create a small Local "internet" Network in a community and bitcoins/cryptos could be used and printed in the community like you would use physical currencies. You'll need to build the applications and equipments for this though. And I believe it will be cheap to build.
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I actually like both. They can serve different purposes at home or other places, and can be really friendly/loving pets.
I don't prefer any particular color, esp if it's not too colorful, completely too dark or white... so they don't attract too much attention from people. I don't mind having the colours though, if they won't be bothered
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Having good knowledge and enough information is such an advantage for you to win the game but it doesn't mean that you the odds of winning are always on your side, it will help you to know whether the opponent team is matched on the team you know, that is the only advantage that you can have in sports betting. It is really hard to bet or to choose where to bet if you don't have a little bit of knowledge about the game. It is just a full guess for you and it will only be based on the luck if you win the bet.
Ofcourse! I believe lots of information/knowledge is really require to achieve success in skill-based bettings. Without this, you are depending on luck as a bettor even though it isn't luck-based games/competitions. If I want to bet on a match, I will learn alot about the two teams rather than just bet blindly, without knowing enough or anything atall about the teams |
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Sounds interesting.
I can imagine how useful this will be if done right. Could work like social trading or something... where the good/skilled traders are followed by others.
Just hope it's really decentralized and there is sufficient rules to prevent irresponsible or very risky activities by participatants.
Bookmarked.
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The longer we play we get curious and will try different strategy but we will understand in the long run that risk is always present regardless what odds we pick.
I guess serious bettors would learn from experience the longer they play. Bur the problem would be how can they learn without taking big risk... Probably with small bets, free bets or by practicing for free on some sort of dedicated free betting platform(more like demo trading) |
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How about rules/laws, is that compatible with the ideology? I have always seen anarchy as an ideology that hates rules, laws, orderliness (and government). I wonder what a community will be like without governance.
I don't really believe in any particular man-made ideology. I prefer something that is moral and works.
I was going to ask that question too, rules/laws are very important and from the way I understand anarchy it should be a world where people are free to do whatever they want to do without government interference and the way I see it, that’s going to be very bad. The idea of people having freedom might seem really good, but that’s only when everyone is only out to do something good, which we know is not very possible in this world. So, this whole idea of anarchy is not for me, I am not in support of a world where people will act however they want. A humane and sensible ideology would be: "freedom to do what is good/right/moral." Do everything in love for GOD and people. Don't move outside of the boundary of Love or you get punished.GOD created everything... If you love HIM well enough, you wouldn't abuse HIS creations or displease HIM. You basically find what pleases HIM and do them always. You can only do what pleases HIM always if you have HIS Spirit in you. So, people with HIS Spirit in them can live without human laws/rules and still do things right/morally always. |
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