There is no such thing as perfect online casinos because of the many rules and conflicting laws on the location of their players, there will always be accusations some could be valid some because of misinterpretation of the TOS, so I'd to ask all gambling players do you lose interest to deposit and play on the casinos you're playing if they have unresolved cases.
It's really tricky to make sense of all the casino reviews online because in this sector there are a lot of people who are bitter with regrets and who are unfairly angry towards companies when they only have themselves to blame. These people will often have a distorted view or may even lie to get revenge. You also have to remember that very few people are going to leave positive reviews, because they often take their winnings and run away - or out of greed would not want to share a great site if they found one. Now, that just leaves volume of complaints really and you need to compare sites with similar popularity (e.g. Stake and 1xbit) to see that one gets vastly more than the other - 1xbit has a terrible reputation around here and it is well earned. |
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Many are living their businesses to turn to crypto with the mind of joining the trend and with the way crypto investment is been hyped lately many just feel its actually one of those easiest way to make money online and the funny part is most of them dive into this opportunity without any formal knowledge about how the system works.
I will say crypto isn't a safe Haven and there is no 100% guarantee in crypto investment although one can attest to the fact crypto isn't ponzi but yet it's not just an easy adventure its an ever learning business option that could be passively yielding and at the same time bankrupt yielding depending on ones approach.
If crypto was that easy to go by we would have had more than half of the world's population living very comfortably not giving much concern to their economic data any longer. But the truth remains crypto investment is more difficult compared to manual businesses
Safety is all relative. If you're living in a country like Turkey, where the leader keeps trying to interfere with monetary policy in a short-sighted way which causes huge inflation then a currency with relative stability would be very useful (even if it only had smaller inflation versus the huge inflation of your local currency). Some people do not see cryptocurrency as safe because it can wildly swing around in price and unlike what some people wish, it has limits on the amount it can rise because it needs to be a functional currency to hold real purpose in the world, rather than just a dormant asset which relies on everyone believing it will hold a certain price level. |
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I was wondering, why (or why not) do you think that Bitcoin is better than Ethereum?
Ethereum seems to provide everything that Bitcoin offers but it has a huge advantage: smart contracts.
Smart contracts are small "programs" that live on the blockchain, so you can use them to build actual services and applications, while Bitcoin is useful only as a digital currency.
So why do you prefer Bitcoin if Ethereum seems superior?
Or maybe I'm missing something that makes Bitcoin actually better than Ethereum in some way?
It's probably a reason that Ethereum has continued marching up in price over the last few years while Bitcoin seems to be stalling at a certain point. The fact that there is a lot more Ethereum in circulation than Bitcoin is also a huge bonus in comparison, because it makes people feel like they actually possess more (even if it's only psychological). However you could compare it to many things, the Blockchain and Bitcoin were groundbreaking technology, however there is always room for things to be improved. Just like the world went from line land only phones, to rugged Nokia like phones to the very latest iteration of smart phones. Improvements come incrementally and it's naive for anyone to think that Bitcoin will only ever be the best. |
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There is no such thing as perfect online casinos because of the many rules and conflicting laws on the location of their players, there will always be accusations some could be valid some because of misinterpretation of the TOS, so I'd to ask all gambling players do you lose interest to deposit and play on the casinos you're playing if they have unresolved cases.
I have found that players often find confusion in the terms and conditions after they've triggered some sequence of events that makes them think they are entitled to some winnings or special treatment. If players were to read the terms thoroughly, and more importantly; understand them, then we would not face half as many accusations thrown about. However, it is usually a step even more simple than that that sets players off to rant and claim wrong doing by a casino operation. They simply cannot handle losing money and should not have been betting in the first place, a responsible person would often never bet more than a small amount then simply write it off if there was an unexpected outcome. Bad gamblers get angry and irrational when they lack the processing ability to figure out the odds were so heavily stacked against them. |
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It sometimes seems crypto is minting new millionaires by the day, particularly those with the stomach to dabble in the risky world of altcoins. The most famous of these — like doge and shiba inu — have produced some eye-watering returns in 2021.
It's no surprise then that investors are flocking to the space with dreams of quick riches, and Gen Z investors, in particular, think crypto will make them millionaires, a recent study by research and data analytics firm Engine Insights showed.
Nearly two-thirds — 59% — of Gen Z respondents to the survey believe they could become wealthy by investing in cryptocurrencies.
"This generation has a greater acceptance and comfort with all things digital, so not surprising that would be more comfortable with crypto," Kathy Sheehan, SVP at Cassandra, a division of Engine, told Insider. "This generation has a lot of concerns about debt and finances."
A confluence of factors, from the rising costs of real estate to college education could be to blame, Sheehan told Insider. Inflation reaching 30-year highs has only reinforced the appeal of crypto as the weakening of fiat money dominates headlines.
"They feel that everything financial is harder for them than it was for previous generations," Sheehan said. "Couple that attitude with more of an appetite for risk, it is not surprising that they are hoping for a quick fix or return."
Bolded and highlighted some of the most relevant parts.
The question is often asked: has bitcoin achieved mass adoption. Numerous statistics and numbers have been cited over the years, in an effort to claim bitcoin and cryptocurrencies have made it big.
Our latest offering here claims 57% of generation Z believe crypto is a good method of building wealth, with that segment of the population numbering around 72 million in the USA, roughly 22% of the total US population.
What's interesting about generation Z is the right wing claims they are the most conservative generation in many years, while others claim they are the most progressive and left wing generation. There is some dispute as to exactly what generation Z think and believe, which will undoubtedly be resolved eventually.
That said its always great to see people acknowledging the positive role cryptocurrencies can play in society.
Everyone wants to become rich while putting in a minimal amount of effort, but for 99.99% of people who become rich it is a long and slow road to success rather than waking up one day having bought a cryptocurrency at 0.00001 and having it run up to 0.01 to multiply your money by hundreds of percentage. Even then, people often don't realize that you need lots of money to make money and it can involve huge risk which people are generally very bad at calculating. I'd much rather keep putting money into an investment earning 10% per year consistently, than putting money into an investment which could double but is highly likely to collapse to a fraction of the original investment. Younger generations do have an advantage of time however, which allows them to take more risk and learn from previous mistakes over time. |
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These news aren't on any English-written media yet, so I'll drop the google translate link to the original: https://www-pravda-com-ua.translate.goog/news/2021/12/10/7316898/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=ukThe journalists found a lot of details about this operation, mainly the shipments of ASICs (5558 units of Bitfury B8 and 14468 units of Antiminer S9) and the purchase of electricity on an auction, which is suggested to be corrupt, as the price is below the typical market value for industrial use. The farm, which is located in Kolomoyskiy's steel factory, is estimated to be making 80 BTC per month. And since Ukraine still doesn't have working crypto regulation, the oligarch could be easily not paying any taxes on his profits, on top of getting unfairly cheap electricity. Interestingly, this is not his first time setting up this kind of operation, as he already done the same thing in the US last year. I personally don't think that this has any implications for Bitcoin, in Ukraine or globally, it's just curious to see how these boomer oligarchs are surprisingly savvy enough to recognize an opportunity for profit and quickly set up a large scale mining farm. It's probably no coincidence that it happened this year, after China banned Bitcoin, so Kolomoyskyi probably got a good deal on those ASICs. Maybe this isn't the adoption that we want or need, but it's still adoption. It does sound like sheer corruption, some oligarch has found a cheap way to source electricity and is going all-in to drain it as much as possible. Probably power that has been assigned especially for steel production that is now getting siphoned off to benefit this single individual. The leadership in Ukraine really need to come down hard on these sort of "businessmen" and seize as many of their assets as possible, the last thing they should accept is the country sliding back to what it was before the last president with his huge private palaces. These individuals are a blight on every society on which they prey - contributing very little while sapping as much public money as possible. |
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Taxes make a huge impact on betting earnings in certain countries while other are relatively free of that burden. Many central European countries such as Germany, France, Luxembourg, Denmark, etc... charge directly to the casinos and other charge to the earnings. For example Denmark will get nearly 70% of the Casino earnings. https://www.taxback.com/blog/the-ultimate-guide-to-gambling-tax-rates-around-the-worldAs you can read, Germany is the most astringent jurisdiction, with 90% of casino earning being paid as tax! The message cannot be more clear: if you want money, go work! You could argue that Italy - tax free - is also sending a message: go gamble, there is not much more to do  On-line is also different per country and some are tax-free if it is online and other make no difference. I researched this because I hear that a professional poker player from Spain was about to move to Andorra, which is something that may people do when they earn big. I think you need to take into consideration at what point the tax is taken. I don't understand why they have the UK listed as a 50% gambling tax when all winnings from gambling are tax free, it makes me wonder how accurate the rest of the article really is - especially when I'd expect the tax rate to also be much higher in the US (from anecdotal evidence I've seen in the past). This seems to mix up personal tax rates without any regard for specific exclusions and categorizations in law. Be careful with how much you trust this data, but some of it might be true and why not? Gambling is a very unproductive pursuit for society and doesn't create anything of value - it just feeds the profits of a few corporations and that's where it should really get taxed heaviest. |
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...
$1.3 billion seems like a large fine for an EU nation like italy which is not known for enforcing anti trust laws locally, much less on an international scale.
Surveillance and censorship by platforms like facebook drew negative sentiment against big tech. But I do not know if that negative sentiment extends to cover amazon. Jeff Bezos seemed like the most hated thing about amazon but Bezos resigned from his position as amazon CEO a long time ago. With Bezos gone, do people retain a legitimate reason to hate amazon? Jack Dorsey has also resigned from his former position as twitter CEO. There are rumors and speculation that Elon Musk may do something similar and resign from his positions in tesla, space x and solar city.
There is a lot happening in the world today. I don't know if people care to pay attention. Or would prefer to forget. There are definitely many interesting trends emerging for anyone interested in business, finance and economics.
While I see America as being a bastion of innovation and producing some amazing companies, it seems that all too often the courts or US government is unwilling to take necessary action if it benefits their own internal coffers. Tax laws and monopoly laws in most countries are unfit for the modern era, yet there are huge political battles to maintain the status quo to the detriment of the average person all over the world. Let's not act like these billionaire owners deserve or need a single penny more - they're already set up for a thousand lifetimes of extreme extravagance. Capitalism is the best way to do it, but it can be regulated to benefit the wider society and far too often spineless politicians do not take strong enough action for the general good. |
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Some of you guys must have watched high stake slot players in their pajamas rolling thousands of dollars in single spin, buying hundred of thousands worth of bonus spins. If you notice closely yo will found the same pattern all over again and again. They start with loosing most of their bank roll (almost 80-90%), and then going all in at last and guess what, bingo!!! they hit hundreds of thousands of dollars. Very few of them write in their stream discerption about rolling with fake money (or money of which they can only cash out like 1%). Almost all of them scream loudly and show us that they are winning it in real, some are very good at faking it, which attracts lots of new gamblers (with false expectations) and they end up loosing it all which ultimately leads to social disharmony.
The argument they provide is as follow, ''we are entertainers/performers''. This need to be stopped. I am creating this thread to discuss such issues and to warn other new comers about the potential loss. If you have found such streamers please post here so that it can be helpful for new players to make realistic decisions.
It's really pointless watching any streamer that is playing any unskilled games like these. It's one thing watching absolute geniuses playing poker or chess, it's another thing altogether watching someone repeatedly click the same button in order for some sparkly graphics. It's possibly the laziest form of "gaming" in existence and you're definitely right that in most cases all of these streamers will be playing an unfairly rigged version of the game, or simply using money credited to their account so they don't actually lose any money. When it involves making (or as is mostly the case, losing) money then you need to be as skeptical as possible that someone will try to take advantage of you and use all sorts of advertising trickery. |
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When i first heard about bitcoin, one of the selling points then was the pseudo anonymity. But as of recently, it is hard to purchase any crypto without encountering a form of KYC.
I’m just curious of everyone’s thought on this.
It was inevitable and logical if you really think about it. I think that cryptocurrency has many useful purposes, however you'd have to be blind or ignorant if you expected criminals not to abuse it eventually. The average person is safer in the long run if you're able to see inputs and outputs. I don't frankly see much importance in anonymity unless you have something to hide and the majority of Bitcoiners will be working with traceable funds anyway. If you're trying to withdraw money after a large increase in value then it's fair that you should pay any local taxes that might be due because they help maintain the society that you're in. That generally leaves people who are trying to clean or move funds that do not belong to them into fiat currency and adding KYC actually benefits authorities in pursuing this type of thief. |
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One of my best friends and I would travel to the local casino some years back from time to time. Wasn't a very fun casino but it was about as good as we could get for those times as gambling was very restricted back then. He was a big fan of playing slots and always seemed to have some sort of strategy. He would look for players who were sitting at a machine for a long period of time and then play them. There were a couple other things he did that he called "strategy" but I can't remember what they were.
My question for you guys, is there any strategy you know of for slot machines ? I think this more so applies to in person casinos but maybe online as well.
Does waiting to get on a machine that gets heavily played a legit strategy? Does it make more sense to play different types of machines or play one machines for a long period of time? Etc etc..
There is definitely a valid idea behind getting on a machine that you know has taken a lot of money recently without any substantial payouts. The very basis of gambling requires that the gambler occasionally gets rewarded or they'll simply never return to the machine which is bad for business. I wouldn't call it much of a strategy because there are likely others trying to do the same and it might even take a few different players using the machine before it builds up a big enough backlog to produce a payout. Besides that, there is not really much strategy involved as the win ratio is predefined and newer machines might even aim to detect intervals between players to reset any window that could allow this sort of strategy. |
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Just because AAA company does it, doesn't mean it will be successful. The industry has a big history of major flops, especially recently with many big disappointments every single year. NFT and P2E is something that nobody asked for, Ubisoft is just trying new stuff, just in case it will turn out to be highly profitable, but it's likely to fail. Earlier this year Discord tried to add NFTs to their client, and it was met with such backlash that they immediately did a 180 and dropped their plans. Gamers want a good product that is worth their money, and NFT is not helping make games better, but it can make them worse.
This is very true and quite frankly I'm not sure that NFT's really fit too well into gaming, when what they're suggesting is already covered by microtransactions. I guess it's just planned as another revenue stream for them, another way for them to sell useless virtual content that some people choose to buy, with minimal effort and a fairly good upside from the game developer perspective. They'll also be "first to market" in this sector which gives them a sort of novelty bonus. Unfortunately there are a lot of people out there who buy this sort of stuff and it would fit in well with all the other skins/items that they are already selling inside gaming stores. |
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I was having a problem while deposit litecoins into the bitcoins wallet on their casino. After I contacted Binance, they said it was transfered to the hot/cold wallet of the receiver wallet. So I went back to contact the admin, they told me to open a ticket. After waiting 3 days there is no any answer at all, there is also whenever I hit a big win. Their hot wallet will be always empty? What a garbage site that I am still seeing there are many people in this forum still promoting for them??? Fuck I really hate it but their slots was my favorite and that why it's keep me playing here but after this I won't ever never put a sinlge dollars in this casino again. Please everyone should be aware!!!
From what you said later on, this is a problem you have with Binance more than BitVest so you should be more careful who you are directing the accusation towards. If I'm understanding correctly, you also made the blunder to begin with because you sent cryptocurrency to what is effectively the wrong wallet. I only used Binance once because while the trading side is great, the fees to withdraw are ridiculously high and their website also prevented me from transferring out without first going through additional verification steps - it all seemed a bit scummy and it felt like a fluke that the support team even bothered to unfreeze the account after taking a while to get through to someone who could help. |
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It's definitely worth considering that while $150 million sounds like a lot to the average person, it's somewhat like pocket change to some multi-billionaires or companies. They can often run out of places to park or diversify their money but Bitcoin gives them another spending outlet. However, it's very possibly one of the giant companies like Paypal, who are actually a leach on Bitcoin as they take it all and hide it inside their walled garden - then resell it to retail buyers who can benefit if the price rises but must always sell back to Paypal. It could even be companies like Visa or Mastercard who see the writing on the wall and want to get in so they can resell too. |
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A very interesting concept by Draftfuel and Discover, which I would like to discuss here: Fine tech startup Draftfuel apparently launched an app and prepaid card product to tackle problem gambling, especially against the novice, the first time gamblers. They are going to set up financial guardrails for the new players which means that : They would be analyzing the whole spending, keeping track of the players, spendings / change/ savings, then generate data that the player can use at the end of the day and that would mean that users can not only put preexisting debit cards or credit cards but that app would monitor it and give them a value that they can spend guilt free. What do you think about such innovation? https://www.gamblinginsider.com/news/14138/payments-start-up-draftfuel-reveals-financial-guardrails-to-encourage-responsible-gambling While it is a wonderful idea, it seems to fail from the outset and I'm not sure how successful it will be really. Let's imagine it is targeting gamblers who think that they have a problem - those people are broadly going to fit into two categories, people who know they have a problem and will happily chase it or people who have enough self control to identify they've got a problem, in which case they'd know that abstinence is the correct path for them and no amount of budgeting applications will change that reality. If someone is self aware enough to identify that they need to manage their money sensibly, they're likely waking up to the fact that gambling can be a huge drain on finances and could easily manage from that point without this weird setup that doesn't restrict anything in reality. |
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I reside in a country where the rate of inflation is high with a corrupted political system and tenures that have stolen the collective wealth of the nation and have crippled the economy, a high percentage of unemployed graduates who have in the last few years discovered blockchain and have gotten involved in Bitcoin activities such as trading and investments. Indeed Bitcoin has given us the economic power to overcome the crashing economy of many nations. 100% economic independent.
Since Bitcoin has risen so much in the last few years it's easy to think that it's some universal source of wealth, however it's really just become part of a big trading game where people are collecting these virtual tokens and hoping to resell them to someone else at a later point for much higher amounts. In reality it was originally created as a virtual currency, to be used similar to fiat currency in useful economic transactions and on a daily basis. However with the flood of cheap money into the world funded by central banks printing like crazy, it has in fact just been a big recipient of that. It's ironic that people complain about rampant money printing and how Bitcoin is a haven from it, when in actual fact a large part of the price increase is because it benefited from that money printing too. |
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Did someone of you try to do Arbitrage on sport bets in BTC gambling sites?
Some years ago i checked some sites and it wasn't possible (house edge was too big, bigger than the house edge in traditional sportbook sites).
Maybe something is changed in the last years?
When you say arbitrage in this context, you are looking for sportsbooks that where either one place seriously misprices a bet or two of them have potentially mispriced a bet to a smaller degree. It's not impossible but the amount of chances to do this will be astonishingly small because these companies would likely lose a lot of money if this happened on a regular basis. It's simply not realistic to think that you could do this on a regular basis because it is effectively a money printing machine if anyone finds this setup. You might be better off comparing sportbooks to a P2P marketplace which usually has much tighter betting on it, although the commission they charge usually costs a small spread as well. |
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But people who created bitcoin and crypto.
You should know one thing:
We dont need to be in crypto if too many problems like hacking ...or usdt frozes..wich never happened at least with me or friends.
Also they want to start the sec and goverment with DEX exchangers....
Also kyc...regulations
If too much heache start coming out of crypto then solution is simple:
We dont need crypto then we can leave crypto if we dont get profit but only pointless problems.
I can and many people can leave crypto anytime its not a problem.
So sec fed and goverment and banks wall street and all the people who created crypto for us.
Please stop f ...around !! Or you lose people.
I dont have to be in this im here until it works until no $$$ of crypto but it will only takes my $$$ then crypto is not needed.
We lose money here when whales pump or dump markets when u try to short it goes up when u try to long it goes down....thats all ready too much stress for traders so if the wall street and govement start making bs we can just leave the crypto.
And if we leave crypto whos gona feed those grayscale and micheal saylors ??
So here what i say dont kill the cow take just milk im fine with that wall street milking me .... but if you going to kill cow with all those pointless KYC rules tax rules regulations .... and stealing from COWS by saying...ouu your USDT just got frozen...lol then what you guys do at the wall street?
So the point is there so much all ready bs around the world lets not bring and not justify the bs things.
The second thing if goverment...start f around here too much then wall street who owns goverment and everything will start asking questions ...like hey goverment ??why do you try to kill our casino here =?
If those problems what i said will continue to exist then crypto industry will die soon.
We stay in this only if more f..around dont come in crypto.
Who is this "we"? You seem seriously anti-crypto but only out of your own greed. You might very well be a late-comer to the party as you talk about only profits, people who have been here a long time know that this is a highly volatile asset that could fall, which is likely to weed out many people who were short-sighted. Is anyone supposed to admire your big speech, when it seems to only be self interest that brought you here. It feels like you have got the vibe of this forum all wrong if you think many people will be agreeing with you. You speak about things like regulators taking action yet don't understand that the average user here has zero control over that. Such a poorly thought out idea all round. |
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In this segment first I would like to add the SAFF League which means South Asian Football Federation League. India has titled this season SAFF Championship winning against Nepal 3-0. For most of the country people this isn't a big thing and such leagues weren't known to the outer world. In India this is much celebrated and this shows the increasing demand and support for Football in a cricket dominant country.
Similar unpopular Sports Leagues can be found all around. Please come forward and share your words on any such experience.
I wouldn't say that these leagues are necessarily unpopular, but for betting sites to be able to support them they need instant and reliable on the ground coverage of these events that simply might not exist at certain levels of the game. Semi-professional and amateur leagues might be structured well enough with good organizers, but they might be without the technology to accurately feed on of the white label scoring systems that feed many different betting sites in order to formulate their odds and historical statistics. There is no suggestion any leagues you mentioned are susceptible to this, but you'll also find that betting sites may exclude certain leagues where they think there might be a chance of match rigging and it's easier to get away with it on less watched games. |
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Michael Sayor just Tweet that his company, MicroStrategy has acquired additional 7,002 Bitcoins for the price of $414.4 million USD, bring their total holding to 122 044+.
Let's look at the profit they've made so far
The 121,044 BTC was acquired with the total Investment sum of $3.57 billion at the average price of $27,534.
Now, let's assume they decided to sell everything off at the current market price range of about $60,000.
Update: I know the current market price is 48k. I'm speaking in the general sense of the current price range. In other words, if they decide to sell at the next bullish movement to 60k which may likely happen before February.
That wound amount to:
$60,000×121,044 =$7,262,640,000
= $7.27 billion Approx.
Subtract: The Investment capital from the current value
$7,270,000,000 - $3,570,000,000
Total Profit so far: = 3.7 Billion.
Remember, they aren't selling yet. Going by the current market trend, the profit could double to $7.4 Billion before the next year runs out.
Advice: If you really wants to make it big in Crypto, HODL without let up until the price is right for you.
It's actually a rather sad thing for the future of Bitcoin, because the more financial whales that exist like this - the less volatile it is going to become in future because these players are running their own financial games. If more companies like Paypal were to get involved in the market and build their own internal ecosystem, it restricts the amount that are left over - which they will eventually buy up and remove from free circulation potentially forever. Instead of being a driver for innovation, it will become part of a walled garden that is controlled by banks or other institutions, who instead of making use of the blockchain will simply create an interface on top yet still reap transaction fees without moving any bitcoin around. |
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