That $10M loss is just a small amount when we look at the whole.
~ Gambling industry is so big and vast thats why i dont really believe much into those numbers to be precise and im expecting for it to be much more bigger. If that statistics based of on last 2 years then pretty sure that it is way more bigger now and to think that do excludes crypto gambling industry which i do also believe that having that humongous amount we are talking on. True, most of these gamblers purchase in over the counter method, so authorities wouldn't track them especially if that country is strict with digital assets and most country's including mine prohibits online gambling. So using anonymous cryptocurrency is the way to gamble. The data or statistics for volume of crypto gamblers might not be accurate.
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Most of that features is found in exchanges and one example is Yobit. So far the only gambling casino's out there that you can stake Bitcoin is Freebitco.in and Bitvest both can be a good investment platforms due to the fact that they're renowned, legitimate and has tons of good review.
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Why not try and consult an expert regarding Trading exchanges or joining Webinars to educate yourself with the fundamentals and the pros and cons. Because building it is easy the problem is, how would you rank it against to many competitors in Crypto space. How are you gonna profit and how much is the risk.
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How about Bitcoin ATM's ? you can withdraw your BTC anonymously. Dont know about the process but you can try. The only problem you'll face is the amount you can withdraw in ATM's which only has limited amount of money, so you might do these several times. Another options exchanges, there are several exchanges that supports conversion between Crypto to Fiat and vice versa.
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I think that although there are a lot of places to get this information I like to just read the reviews in the gambling section here in the forum.It is enough news for me there and the reviews are completely independent so you really have good feedback for all the casinos.
Exactly, if there's a site that could give you detailed and honest its Bitcointalk forum where every users opinions and feedback about a certain gambling is not censored. Heck, some users here even reports red flag gambling that are scams.
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Mixers are not 100% guaranteed that will hide your privacy after all its still a theoretical technology. It's not really proven to bring privacy to an transaction once if you use the service. I still think that mixers in some scenario's are necessary to avoid tracking from third parties such as government trying to cease your Crypto assets. I guess this all depend on how you use the technology.
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Probably if you're really invested in Bitcoin in a long perspective you shouldn't worry if the price goes down because it's only temporary and only in the short term. But rather convert it as an opportunity to buy more. I dont get affected by the wild swings it does, because i know it's completely normal for a decentralize asset when its still developing.
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Is this a marketing strategy to earn back the trust of Bitcointalk users to Bitcasino ? because the OP is newbie and i dont buy a single word. Perhaps this is related to the other thread posted in this section about an issue Bitcasino not paying in full instead gave the user a small of amount of his winnings in installment. I can also see a security flaw. First all, it's very bad for a gambling website to not set up 2FA it should be mandatory because scenario's like this could happen.
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Is this a marketing strategy to earn back the trust of Bitcointalk users to Bitcasino ? because the OP is newbie and i dont buy a single word. Perhaps this is related to the other thread posted in this section about an issue Bitcasino not paying in full instead gave the user a small of amount of his winnings in installment. I can also see a security flaw. First all, it's very bad for a gambling website to not set up 2FA it should be mandatory because scenario's like this could happen.
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Nope, not unless they add a convert function between Bitcoin to Tether and vice versa. Then it's a good idea but if not then my answer is no. First of all their regulated you might get tax evasion lawsuit in your doorstep if you try and use it.
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Nope waste of resources and money in my opinion what he needs to do is to upgrade the server or have separate different server that is dedicated by country just like in Facebook to manage billions of users. What you suggest is going back to zero and it will bring down Bitcointalk rankings in google which is a loss of money also.
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If the whole world owns it then it has probably became an replacement to Fiat currencies and if that happens all those early investors will have become billionaire's. That's still be considered a win because you dont have to worry about volatility because of stability. Unlike Fiat currencies that is bound to become useless with continuous quantitative easing.
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There's no way to tell actually because there are no data available that analyze Crypto users and it's quite impossible to speculate the numbers due to Blockchain's decentralized nature. I guess if an organization conducts an online survey i guess we could have an rough estimate.
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I for one prefers a gambling site that has many variety of games to play on due to the fact that after a while of playing. The game becomes boring especially when its repetitive and a strategic game. It's better to try out new things because it gives you the thrill and excitement.
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My strategy is simple not mind blowing or has many complicated details. I just buy in dips or market dump that's where the opportunity is then hold long term because you can expect that it will yield profit if you have patience. You can also do Dollar cost averaging if you have the money.
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Im not giving on it, despite many speculation that it might have a huge dump from predictions of traders or what they call death spiral. We've seen time and time again BTC prove those people wrong in fact the one that went to zero was a popular aaset. And that is Oil, people didn't expect it but Bitcoin remained strong despite global instability.
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This goes to show that casino's has no really intention of paying users and violates the compromise to pay in full if player manage to win huge amount to a legitimate gambling session. I think they've underestimated gamblers in the ability to strategize, they've probably thought they can milk those compulsive gamblers with difficult odds of winning.
In these the player probably thought that settling is the best option than to not get paid. I guess this is one of the disadvantage of unregulated casino and gambler operators.
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Looks like if that happens we have to sacrifice a little bit of our privacy to play our favorite casino and sport betting games. It's most likely unavoidable in the near future but its necessary while there are cons there are also pros. Because we might get insurance and protection against scam gambling sites.
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Problems with btc: 1. wild, unstable exchange rate 2. difficulty to obtain and use (for most people) 3. getting coins hacked or lost by sending to wrong address 4. fraud/theft at exchanges (if it happened at Gox it could happen anywhere) 5. it enables criminals to get paid online 6. there are already plenty of ways to send money online a lot easier, it doesnt really do anything new 7. absolutely no buyer protection 8. scam companies/scammers feel free to add to this list ^^
The first is not really entirely correct, i mean look at the stocks it has been in wild swings and currently about to dump, probably the worst. 2nd i dont see difficulty in obtaining it, there already a lot of Online Wallets and BTC ATM's that support it. it seems to me that you've just spouted things you haven't fully researched on and only based your statements in heresay.
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In these trying times we need people like you that gives to those who are really in dire state especially with the lockdown and millions of people who are unemployed. You could also do a crowdfunding here in the forum im sure there are many people who wants to help and volunteer whatever they can.
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