I did not look at the data, I am going by your figures and was surprised at the 1.5 BTC you mentioned. If you are right, he was making over 500 BTC per year and that is simply unbelievable. Well done to Daniel of course if those are a fair reflection of BTC he is making. I had no idea the profitability for the owner would have been that much.
It's even more impressive that there are some players on bustabit with as high net profit as 468 Bitcoin, 279 Bitcoin and etc. But there are also some with as low total loss as 1,278 Bitcoin, 726 Bitcoin... To be fair, it's very sad to see bustabit being sold. It's impressive that website was generating 1.5 Bitcoin profit every day, it's just 77 477 USD per day at the moment. Imagine, you can buy a 100 sqm house in my country with that much money, imagine buying houses every day... As Daniel said, he should be in a point where money is secondary, it's just very sad for me to see another website from my childhood memories, that was looking the same for a decade, is changing hands and probably will become visually a completely new website. I know that will be done for better but I feel very nostalgic when I visit bustabit. |
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Today I just realized that freebitcoin is celebrating its birthday and giving away free Golden Tickets within a certain period, 10 freerolls for 1 GT, 20 freerolls for 3 GT and a max of 30 freerolls for 5 GT so a total of 9 Golden Tickets that can be obtained.
Is today the birthday of freebitco.in? I haven't received a promotional email and I don't see any celebration on their website. Maybe you are a lucky user today. Btw freebitco today offered me a very fatty bonus with 25x wagering requirement. 0.00009138% chance of winning... zero is still zero, no matter how many digits are on the right hand side of the comma.  I have given up on dreaming about a Lambo for many years, even if I get free golden tickets. The highrollers are winning all of these lotteries and competitions and the small fish are feeding them. The difficulty is very high, the previous winner had 266,282 golden tickets. Imagine, he probably wagered 0.005 bitcoin for 266,282 times or probably bought some of them but he would still have to wager a lot. My only hope on freebitco is to win a weekly lottery. |
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This is also the first time I see slots with higher than 99% RTP. Has anyone played them?
It's live RTP and that's why it's above 99.99 lol. It gets changed depending on the current RTP, don't know how they calculate it though. Otherwise, if RTP is above 100%, it means games are paying us for playing them. Isn't it? Correct - it's set to "live" by default but you can toggle between live and target RTP. Generally, if it's 99%+ it likely means a few recent wins, and the expectation would be that the game would average back to it's target RTP... Okay, thanks, I didn't know about live RTP. Is it generally advised to play slots that have the highest live RTP? Or does slot with high live RTP indicates that it's about to fall, cool down and I should play slots with the lowest RTP with the hope that it will rise soon and I'll profit a lot? The website looks goods however for those who are new comers and curious gamblers who wanted to explore your website won't be able to explore as you need to sign in first before you can explore it (though logging in with Metamask would only take 3 seconds) some still don't want to connect their wallets especially to new websites.
I think that they do it to attract customers, they have so fantastic promotions that I think everyone will really sign up before they start exploring of website but like you said, I think it's a good long-term idea to let customers discover the website before registration. |
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I am curious to know who are their targeted audience and at what age group. In general gambling people target countries like thailand more but probably this is not the case with crypto. Do they target nerds or total dumbs? How efficient they are between their marketing tactics?
Why should they target nerds or total dumbs? It's also impolite to call people by these names. Casinos target those who watch sports, that includes football, soccer, basketball, baseball, tennis, boxing, martial arts and etc. They not only target countries where gambling is popular but they also target countries where gambling is prohibited to let them know that there is a casino where you can gamble if you fly in a neighbouring country, in this case I mean Muslims because in my country Muslim people usually come here to gamble and casinos try to target them. |
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In a recent interview with SEC chairman Gary Gensler, there was something that caught my attention. The chairman stated that "Bitcoin is not that decentralized". That's "partially due to the prominence of centralized crypto exchanges". You can read all about it here: https://www.cnbc.com/2024/02/14/cnbc-transcript-sec-chair-gary-gensler-speaks-with-cnbcs-squawk-box-today-.htmlI'm afraid he's right, especially when CEXs hold most of BTC's circulating supply (eg: Binance). It's even worse now with the recent approval of spot Bitcoin ETFs by the SEC. Institutional investment companies like BlackRock, VanEck, and MicroStrategy are accumulating large amounts of the cryptocurrency. We're essentially selling our BTC to companies driven by mainstream governments' own interests. With this, Bitcoin's true value proposition has failed (banks win). At least, the code is open source. If BTC becomes compromised, what's stopping us from moving to a more decentralized chain in the future (Litecoin, Monero)? Your input would be greatly appreciated. Thank you.  Yes, I agree with that statement, Bitcoin is not as decentralized as it used to be and every year this situation is getting worse because people with more money and power gain control of it. We wanted massive adoption and we got it but sadly, that comes with costs. Bitcoin exchanges, casinos and many other crypto-related services are regulated and are forced to ask you for KYC documents. Bitcoin mixers will probably soon become illegal to use and privacy coins might also be in danger. I always say that 2010-2016 were golden times, this was the time when Bitcoin was decentralized and without KYC. When price started booming, many companies showed interest in Bitcoin and with money, they bought much of it and gained control. While you could mine Bitcoins in post 2016 at your home, now it's not possible and mining become only a commercial business. |
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*I created this topic on the other forum just recently and I would also like to share it here so we can exchange ideas based on your own opinion.
I saw this video on social media just recently wherein a famous local influencer here in my country loses more than $4,000 dollars in just 2 minutes.
Even with a rich guy gambling, still has this regret he just made, so how much more for an average guy to take the risk of spending his hard earned money just to gamble?
Have you experienced this kind of situation wherein you spend huge amount of money and then regret after the loss? Is your reaction the same with that guy on the video?
4000 dollars is not a high amount, even if it is lost in 2 minutes. In 2016, when I was promoting Bitsler, I was actively gambling on their platform and once I saw a high roller live. I was watching how he lost 0.5, 1, 2, 4, 5 and 10 bitcoins in a row. I was in total shock, he lost it in a few seconds, probably in 10-15 seconds. I asked him in a live chat about that and he told me that it was easy coins mined years ago, so for him, 10 BTC was nothing like a game-changer. I once lost 0.16 bitcoin in gambling and I regretted it a lot. I didn't crash anything because I quickly analyzed that it would be another loss on top of that but I had a rash of anxiety and energy, did some pull-ups and breathing techniques to calm down. |
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Bitcoin has been giving such profits for about 12 to 13 years, I don't think anything else in the world can give so much ROI in such a short period of time. But where is the problem with our trust in Bitcoin? Now you may say yes 10 years ago there was an opportunity to invest in Bitcoin. I know you missed that opportunity even I missed it but everyone knows that Bitcoin price will reach 100k or 150k. Even JP Morgan, who is strongly opposed to Bitcoin, says that the price of Bitcoin will increase. So those who missed the previous rally should not try to catch the current rally? Will we make the same mistake again and again?Maybe 10 years from now in 2034 someone will be doing this same calculation, that 10 years ago in 2024 if we bought Bitcoin we would have made 34600% profit. At that time maybe the price of Bitcoin will rise at 8 digits! Maybe I won't be around then but Bitcoin will be fine. Bitcoin was the greatest opportunity and investment, especially 10 years ago because it was the first complete cryptocurrency. Imagine we live in a society where money doesn't exist and then someone invents money but in a limited quantity. Then slowly people discover that there is a new thing called money and some people want to buy it early. Then, people understand that there is money and everyone wants to get it because how cool it is but in exchange of getting 1 money (1 btc), you have to do more job than you had to do in 2010 because everyone wants money and demand increases. I know this is not a good explanation but bitcoin is a new money in this world, that's why this asset will increase in value but people will still always make mistakes of not buying it. |
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Does Stake requires everyone to do KYC or is it just me? I am being asked to do Level 1 KYC verification for Deposit and Withdrawal. I was not expecting that at all. I am not sure if I am prepared to KYC in a gambling site. and my dumbaas always thought kyc is not required in any gambling websites.  Are you serious? Almost every gambling website asks you for KYC documents today and Stake is also one of them. Level 1 verification is mandatory on Stake if you want to register and use their website. Level 2 verification is when they ask you for documents that prove your identity. Then there is the third level that asks you to submit proof of address and the 4th verification requires you to upload source of funds. Almost every crypto casino requires KYC verification. There are a few, for example bustabit, that don't ask for KYC verification. |
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We don't want to tease since we do not have certain deadlines, but big UX changes are underway, revamping the website to ensure the best user experience  It really needs revamping because the website feels like 2010s Russian website. Don't get me wrong, I love the vibe, it reminds me childhood and I especially love Russian web style (datalife engine was the goat CMS and used by many websites in my country) but the website really needs a new design. I just noticed that you have an AML analyzer service, that is a very good feature but what happens if I use your service, everything comes out clean but then I deposit money on one of your listed exchanges and then exchange stops my payment and asks for KYC documents. Btw it would be good if you offer a subscription service where I pay a monthly fee and check addresses myself instead of paying 20 cents every time. |
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Most likely overall most gamblers are negative in profit. There are a few that are in profit, but if they keep gambling they will probably end up in the negative. Regardless of whether you are in profit overall or not, you should enjoy the wins when you get them, they're not going to happen everytime.
Gambling requires luck, so some profit and some lose. Btw I often visit bustabit.com and check their leaderboard. It's insane how much some people have profited. There is a guy called KLITZ that is in the profit of 468 Bitcoins. He was gambling in 2018, when the price was around 5-10K but it's still amazing profit, he became a multi-millionaire. There is also a guy who is in loss of 1,278 Bitcoins but I can't check his activity. I remember in 2016 when I was gambling on bustabit too there were many guys who were gambling 24/7 with small satoshis but a high multiplier. Probably some strategies work long-term on bustabit and crash games but in overall, it's not a good idea to keep doing it long-term if you want to keep the profit. |
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We all know that gambling income is heavily taxed in most of the countries. This is because most of the countries have separate taxes for the gambling related income. I want to know which are the most gambling friendly countries which charge very less or nil income tax on gambling winnings ?
Which one do you mean, lottery wins or casino wins? I don't know about lottery wins but casino wins are all of yours where I live. Till this year, you didn't even have to pay a fee to withdraw but this year the government made a decision and you have to pay 5% on your casino withdrawals, it doesn't matter how much you have won or lost. Btw many people from Turkey and the Arab world fly to my country because there are many good casinos that offer very good environment to their customers. Casinos don't pay tax on money that they give away as jackpots, rewards and bonuses. This country is Georgia. |
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Welcome to Bitcointalk as a new Casino platform.
I visit the site bons.io the user interface of this site is very beautiful and unique. but what I noticed is that the site is still very slow. a casino site must be fast in browsing. otherwise gamblers may lose confidence from here. And of course this company should do a good marketing for themselves so that they can reach the gamblers. In this case they can also run signature campaigns. Because this forum has many members who gamble a lot.
Thank you so much for your feedback. I will definitely bring this information to the attention of our technical team. We are constantly working on improving our platform and thanks to this information we are getting better every day. You can also use our Telegram bot @Bons for more convenience and leave feedback on its work. Have a nice day Is it bons.io or bons18.com? Or both of them? To be fair, it's not super simple to use your Telegram service because when I type bons in Telegram, there are many variations and I have to click on show all and then I have to search through them. Also, when I found bons bot and wanted to start playing, it opened a new browser window and I got this message: bons.com refused to connect. I used VPN and that was from PC, via telegram web. Now I try to do it via my smartphone without using a VPN. When I click on play now, I get cloudflare verification, I click on verify you are human but it comes up endlessly over and over again and I can't start playing. |
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I don't watch UFC and this is the first time I posted in this thread but what happened on February 17, 2024, was phenomenal. Merab Dvalishvili and Ilia Topuria, both of them Georgians, from my country, won the fight. Topuria became the first Georgian to become the champion of UFC and I believe that Merab Dvalishvili will become the second Georgian who will also become the UFC Champion.
This is simply amazing, both fighters made Georgians very proud. Not only did they win the fight and make the country more popular but many people made a bet on them and got good money in return.
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My first investment in Bitcoin was when the price was about $2,000 to $4,000, and many thought the price was exaggerated. Today, we are trading at $50,000, and at the present time many expect the price to reach $100,000 before the end of this year or the middle of next year, so In terms of price, if your goal is a long-term investment, you are not late, but what is more important is that you learn the basics of trading and how to protect your cryptocurrencies.
I invested when the price was about $400 to $600 and there were people who were saying that the price would reach 10 000$, 20 000$ and even more but everyone was calling them crazy but they were true. Is it now the best time to invest in Bitcoin? It depends on how much profit you expect. It was definitely better to invest when the price was 30K but it's not late or wrong to invest today because bitcoin will reach and surpass its all-time high. From 52K to 70K, you'll see some profit, so it's not late. Btw keep in mind that Bitcoin will definitely reach not only all-time high but will surpass it and reach 100K. |
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When there is inflation, an increase in the minimum wage is necessary to ease the pain of inflation on people. Btw the inflation rate that the government sets is not a good indicator because sometimes they say that inflation is 10% but actually in real life, product and service prices go up by more than 20%. Since many companies pay a minimum official wage to their employees, it's good if governments increase the minimum wage because an increase can help millions of people overcome financial difficulties. For example, while inflation is 20%, 10% increase in minimum wage can make it look like inflation is 10%.
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How does it feel when you first make your first transaction on the Bitcoin AMT machine,
Well, I guess for most of us it has been a daily rationale for you guys well
Why I was this happy because, in my regional society, there is no such thing as Bitcoin ATMs.
Most people in my society don't have a better knowledge of Bitcoin, so I could not see the machine or have a better knowledge about it but I still memorized some techniques on how it Also with the help of this forum I got to learn about it and how to make transactions and also to deposit
To be fair, Bitcoin ATMs have very high fees. Probably only Bitcoin enthusiasts will sometimes use ATMs, those who want to just test it for the sake of Bitcoin. It's not for regular users because there is a huge difference between preev.com's rate and ATMs rate. Btw can you share the rates with us? Also, as far as I know, Bitcoin ATMs can ask you for ID verification. The fees though have been horrendous. At the first ATM I used in Taipei the fee was like 15-18% for buying, and similar for selling. And 1 time I sold a little bit of btc for around 400$, which was around 12000NT$ local currency. For some reason the ATM was out of "big bills", 1000NT$ is the biggest common bill, so it gave me 120 100NT$ bills. That was quite stressful and took a long time cause the bills came out one by one. Lucky I later found a much better ATM which had better fees, but still around 10%  . And for some reason all ATMs stopped buying btc and just sold (as well as other currencies), that was quite annoying. Many Bitcoin ATM providers probably depend on Bitcoin enthusiasts and want to make money from them because their fees are very high. They are doing bad for Bitcoin adoption, my friend had an ATM in his restaurant and almost no one was buying or selling coins because fees were up to 16%. |
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If you are a gambler, do not believe in luck, although it is possible. You can accumulate many matches and be lucky though, but some people will continue to use the amount of money they can not afford to lose to gamble and be thinking about luck. As my experience in gambling, luck is possible but most people are not just lucky to win than lose.
No, luck exists. It's luck when you beat the casino with RTP and house edge. To my mind, one of the worst decisions of gamblers and one of the reasons too why they lose is that they try to build a strategy to beat the house. Guys, have you noticed that first-time gamblers usually win a lot? Have you ever thought why does that happen? To my mind, that happens because they don't know the game and can't build a strategy to beat the game. They try with pure luck, that's why the first-time gamblers win. Only luck can beat the house, not strategy because there is a math behind every casino game, you can't beat the numbers via strategy, you can only beat them via pure luck. |
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I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have. Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.
I see so many people that come around here sharing how much bitcoin they own...don't. Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own. Being transparent about these things can be harmful to you in a multitude of ways. As an advisor this is something I tell my clients all the time. Your financial info is private and should always remain that way. I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!
Blockchain is an open book and if you use one address to receive payments, especially a vanity address, it's becoming hard to hide the number of bitcoins that you own or at least you owned. Btw it's not a good idea to speak the number of your coins in public but some people try to flex and say that they own some of them. I think that flexing is more dangerous. By the way, if you own 2, 3 and more bitcoins and are rich, you can't hide it or if you try to hide, then I don't understand what's the point of such wealth. Btw I agree with you on the educational part, it's not necessary to enlighten everyone about Bitcoin. I have tried to do that and their response most of the time was that it's a scam, a pyramid and it will fall soon, they were saying that Bitcoin is used for illegal activities and etc. There is no point in arguing with these people, they will always close their eye on what's true with Bitcoin, they believe in lies that government tells them. |
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yes choices are narrower. but by pre-planning, even that can stretch the money, food to last a few days longer than expected
this is where people then have to get creative about increasing income
and yes increasing income is a different debate which is another category.. separate from the minimalist vs frugal planning concept
when you live in an area where there are buses, where there are shops that sell shoes/clothes. there are opportunities.
heck when you speak with friends and family and speak of the things they wish they could have, even that can be an opportunity. but thats for another category of discussion
Yes, some savings are still possible for those who are on a tight budget but saving some bucks every month will not lead to any fortune today. I think that the only solution for those people or families who struggle is to make some savings and instead of collecting bitcoins, they should buy a one-way ticket and fly to Europe. I grew up in a time when that was the only solution for people to survive. Btw in modern times, the situation is not that difficult. If any family or person wants to improve life, informational technologies, especially programming and UI/UX design, give them the possibility to find a high-paying job online, which will give them the possibility to choose between a minimalist and frugal lifestyle. Once they find a high-paying job, then they should follow your advice to achieve great financial success. Just my two satoshis. |
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*Reposting this topic from my post in other forum.
There is a huge possibility of younger or new generations adopting cryptocurrency investments compared to them getting interests on farming and food related sectors. What do you think? Does it have a good or bad effects on our economy?
There are fewer people in agriculture because parents push their sons and daughters to enter university, study medicine, engineering, law, informational technologies and move to cities for a higher quality of life. At the same time, in developed countries it is getting expensive to buy land and start farming, some people don't have any other choice. The young generation tries to adopt cryptocurrencies and invest in it because it is an innovation and innovations always pay well. When this market will become saturated, people will be forced to find a different niche. We also have to keep in mind that the science of agriculture is improving and it's getting easier to farm and have a good harvest with less involvement of mankind. |
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