So I would like to ask are you playing in casinos that are not on this forum, if so what are these casinos and how's your experience can you recommend them here, can you name your own list
This is the place that introduced me to online gambling so I don't have any other website I can share to members here that I can say a reputable casino. Even if there is a website that I use to play that is not here on this forum, I would not share it because it would be my fault if they experience some issues using that platform. Review website like trustpilot can't be trusted anymore even if that website have some positive reviews on it.
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I've read the whitepaper and it got amazed me how they will issue their own STAR token. It really benefits the gamblers that will use their platform not like some token where they will conduct an IDO and only the early investors get the benefit. Their casino website currently supports only 4 crypto (BTC, BNB, ETH, TRON) but I'm sure there are a lot of things to come especially on the utility of their STAR token according to their roadmap.
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-snip
Everyone would really be tempted to try futures trading because it can give you a huge amount of profit even if your capital is small. The most common problem I see is people usually put too much margin from their capital. They get excited when they see their pnl is positive but don't realize they can get liquidated quickly if the market goes opposite of their trade. Doing futures trading without enough knowledge is very risky because you can never recover your capital from it unlike spot. Even if they are good in reading charts, there are other stuffs that they should learn too like proper risk management.
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Doing a simple trade using USDC to buy one ILV token would cost me $10.40 in ETH Fees on EXODUS. If I was doing it from my CEX, it would probably be cheaper, but I'd end up paying just as much ( sometimes way more ) if I want to take my new ILV token and deposit it in a hardware wallet. So either way, even if I buy ILV and it makes me a 15% gain in less than 24 hours, I barely break even ! So how do I make a profit ? Do I need to buy 30 ILV to maximize my gains ? Or is there any other way ?
If you're going to day trade, you don't have to keep withdrawing the amount you will buy or else you will just definitely lose profit plus it's very hassle to do that repeatedly. What you can do is just deposit a specific amount on the exchange like 100$ then use that to buy and sell crypto. Any amount beyond 100$ will be considered your profit, it's up to you if you will withdraw it on a daily basis or maybe weekly. Since crypto market is very unstable, getting profitable in day trading is difficult to do. Even expert traders still prefer their job or other source of income rather than just focus on trading.
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Since February I have started saving my assets to usd, because there is a possibility that the market will experience a bear, and it turned out to be the right thing. My next plan, maybe I will start buying some coins again gradually with the aim of being held for a long time. My choice for now, which is arguably quite safe, is to buy coins that are already popular, such as ETH and BNB. Hopefully in the future the market will go back to bulls and penetrate the new ATH.
These market cycle is normal if you've been into crypto for some years now. Bull cycle will definitely happen again so the best thing to do is to accumulate while we are in bear season. We should not be like those other people who will just buy crypto when it's at its hype and become disappointed in the end because they bought at the top. For me even if the market is unstable right now, it's less risky to buy at these current prices because cryptos are down more than 50% from their last ATH.
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Not just in these bad market situations. Investing in crypto is risky in all situations. and you muat have to accept this risk. But i didn’t think investment on Moonbet token is a good idea. I saw this project is not much better yet. I think it is wise to trade safely even if you get less profit. So you can search another good coin for investment. However, this is your personal matter. Still I voiced my opinion.
I haven't seen any potential gambling tokens worth investing in even trading for the short term, so I'm on your side for the same opinion, but anyone can decide to invest in gambling tokens based on their own analysis without anyone influence, but if gamblers on the Moonbet platform will use its tokens to gain utility on gambling features so there is no other reason to convince us to invest long term. A gambling token should really have a utility to become popular. They can make something like staking pool where investors can stake their token and earn a different crypto. They can also make an event on their gambling platform where gamblers will need to use it to win some huge prize. If it has no usecase or they have no future plans for it, it will eventually lose its value because there is no reason to own or trade it.
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Greed is natural and controlling them is also natural so there is no special feat that we have done to be applauded.
But to a person that is addicted, controlling their greed is very hard to do. We can't deny that sometimes we also experience it on different situation that our mind is telling us to do something very risky but because our level of temptation is not the same to those addicted gamblers, we are able to overcome it. We don't need to applaud or admire those addicted gambler that are able to lessen their gambling activity but it will motivate them more if we atleast appreciate their conviction especially if they were able to do without going to some specialists.
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USDT is the oldest and biggest stable coin but BUSD is good too. I know many platforms reject to support BUSD because they don't want to support Binance that is one of their direct competitors. Bitcasino.io is a casino platform so it does not compete with Binance. Do Bitcasino.io team consider to list BUSD on your gambling site? Will your team add BUSD to wager contest on your casino in future? I think this idea is not too bad because Binance actually has big community. We are slightly ahead of considering it Stay tuned. Why not just also add USDC so the list of most popular stablecoins is completed. USDC is followed by USDT in terms of marketcap and is managed by Centre and Coinbase. I personally prefer USDC among the 3 because its local exchange rate of that stablecoin is slightly higher in the country I currently lived on. Adding stablecoin on a gambling platform is a great idea because it will be easy for anyone to calculate how much they win or lose.
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Most players won't need ID verification right away in order to check out the site, deposit, play, and withdraw
I tried to deposit after creating and verifying my account but it still redirects to verification page asking me to provide those info together with a valid document. For a new user, that is already a hassle thing to do and you're already pushing them away to try playing on your platform. Gamblers won't just risk their privacy for some small bonuses that you offer.
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Blockchain tech has opened doors for new jobs, which can be done even remotely while sitting in a rural setting, thus helping many to earn decently. This happened in many African countries.
Getting qualified on those jobs requires some educational degree which poor countries often don't have unless the government will sponsor their education or a well-funded private company will do it for free. I don't really think bitcoin is the key to eradicate poverty as it is much more of an investment for me rather than a currency. Like pooya87 said, how can it help the people if it needs money to acquire it. Even us who are properly educated and can afford to buy it don't think bitcoin will lift us from our current financial status that easily.
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Ignorant People are still falling for bitcoin seminars in the rural and some major cities in the world.
As long as people are not properly educated about what is bitcoin, these fake seminars or investment schemes will not stop. Because bitcoin's price is increasing over the years, they promote it as a get-rich-quick scheme. The government should make atleast basic education about how cryptocurrencies work that should be taught to schools. If it happens, those disinformation will eventually stop and crypto-related scams will decrease.
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I have a background in coding, and I know the in and outs of integrating crypto, yet i have zero game development skills, and i have no idea how much it will cost, and will it even get users.
Online casino is indeed a good business but it's not that easy to build it even if you are knowledgeable in coding. Even if you manage to create the website alone and get it a license, you will need other staffs that will help you to manage the platform. You will need to think of marketing strategies on how to attract users on your website. You will also need a customer support that will cater to the issues that your users will experience.
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The most common characteristic of an addicted gambler is they are greedy to earn more money from something they think will make them rich since gambling gives them an easy way to earn it. They forgot how to discipline themselves in spending their money in gambling and are too focused on the goal to win that they don't realize how much they already lose. Usually these are people who are in desperate need for money or want to escape their 9 to 5 job.
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I don't think a real high-roller gambler would want to stream his gambling because if people knows he can afford to do that then he is putting his life in danger. These people who streams online gambling are sponsored by the casino to promote their platform and often done by small-time streamers. Streamers with a huge number of followers will usually decline these offers as it can ruin their reputation in the industry and it can cause conflict with their other sponsors.
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Which stablecoin do you suggest for crypto/usd trading?
For trading, using USDT is a lot better because it is commonly used on many crypto exchanges. There are also a lot of pairs using that stablecoin than the others. While BUSD is only exclusive to binance and have only few pairs to trade in BUSD/alt. In terms of safety, the popular stablecoins that we have now is backed by a private entity and each of them have their own flaws so what I do is I diversify my holdings into USDT, USDC, and BUSD.
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Do you think social media is now becoming more a place for business than socializing
Social media is still a good place to socialize and keep updated with the current issues and trend but since everyone uses it now, it opened many ideas from entrepreneurs to utilize and use it as an advantage on their businesses to reach more potential customers. Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
It isn't just about the economic situations but it is the realization that their business has a lot more room to grow if they adapt with the current technology that we have now.
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When I was a newbie, I mostly spent my bitcoin on digital games for my pc. That was year 2016 and the price of that bitcoin that time was less than $20k. Most of my games on steam are bought using bitcoin and if I compute it now, its total would be more or less 200$.
But now since I already have some responsibilities to take care off, I used it sometimes to pay our bills when my salary is not enough to cover it.
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Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
We are just at early phase of bear market so it's still too early to say that we've already hit the bottom. I don't think that crypto market will start to go up again anytime soon because many countries are currently experiencing a high-inflation rate causing some people to liquidate their holdings to survive. Some people are also preparing for a possible recession that could happen if the conflict on some countries get worst.
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Can I play with a VPN?
Yes, Stakes allowed the use of VPN as this is already discussed long time ago here and in stake community forum. You should just make sure to use a reliable VPN to make sure that you will not encounter any issue because there's a chance that your account might be linked to other banned stake user that use the same vpn as yours because cheap VPN usually just use common IP for all its user. Invest on good VPN so that you will have no problem in your gaming experience. Reference: https://stakecommunity.com/topic/36688-does-stake-allow-access-through-vpn/The reference you used was last discussed way back 2020 and I'm pretty sure they must have new rules regarding with the use of VPN on their casino. I've asked their live support now on their website about it and they replied quickly that they don't allow vpn anymore. The best thing to do for me before using vpn on any casino platform is directly asking their customer support if they allow it. Sometimes the review we found on different sources are already outdated, the review can say they allow the use of vpn but in the present date, they don't anymore.
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For me the difference is in terms of quality. (Ex. medicine)
When marketers say affordable, they mean that their product is easy to afford that can compete or has the same quality with other expensive brands.
But when you say it's cheap, it's like degrading the quality of the product just for someone to be able to afford it.
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