Where the OP is driving to is that without stringent verification that it will be hard or not possible to successfully use self exclusion feature on a gambling site. That it is possible you self exclude yourself on a gambling site or your family self exclude you but you keep on registering on the same gambling site again and again because of verification that is not taken stringent, but that is not the case for Stake.

Even addict should not deceive themselves and be blamming one gambling site, because there are other casino sites like https://livecasino.io and other trustworthy online casinos that he can also play, even if the sites all support KYC, an addict can register on more than one casino site and this is nothing different than moving from one casino to another and yet still gambling, making self exclusion more difficult to achieve by themselves.

Maybe you can let us know your country to let a reputable member that is using Stake to testify to this. I set my VPN to France and just like I am using my IP address, verification was still required.

Or not stake.com that you are talking about? Before you can deposited on your account on Stake, you will have to submit ID documents.



I was surprised that you come here with yourself saying you are able to open two and more accounts on Stake but I do not believe. If you click on deposit on the site, the image above will popup and you will need to verify.

Having more than one account on gambling sites is against their ToS.

I believe gambling would have begun millions of years ago as people will doubt people from doing something, just like someone says he will do something while other person think he can not do it as it can be difficult to do, this can lead to gambling in a way the person can try to do it, request the other person to give him something if he do it, the second person can think he can not do it and tell him he will give him something  but which is valuable like food. If done, that means they just gambled and he has to give him the food. Gambling start from what is not called money but valuable in my opinion.

For people that are not visually impaired, noncustodial wallet should be used.

I do not know other way to go than the visually impaired person to use his bank to buy bitcoin, you can do that in some Western countries, but some countries do not allow bank to get involved in crypto.

I will not advice noncustodial wallet because the person still trust someone to help him keep the coins, noncustododial should be trustless and not suitable for visually impaired person.

I will not suggest exchanges, regardless of anything, exchanges should be avoided.

@BlackHatCoiner

Let me be honest with you, I have spent over 2 years in trading, I am not a newbie at all and I know the pros and cons of trading.

Trading is not gambling, but life itself is gambling which can make us consider trading as gambling, but trading is not gambling if relating it to casinos and other gambling means, it is just called trading.

The level of risks in trading is as high as in gambling, within a day, a rich man that has just started to trade can lose almost all his money, he can lose millions or more in just a week. Trading is a pure gambling for beginners and it is addicting just like gambling.

For experts, trading is not gambling, it is far better than gambling, the market can favour, what if the market first not favorable and a professional trader is losing. First of all, he used an amount of money he is able to lose to trade, second is that he used a very minimal leverage like 1x to start. Trading bitcoin, he can increased the leverage to 3x maximum (my own strategy and my max) if the loss has increased, just to make the entry price to become nearer to the unfavoured price so the entry price the trader will start to make profit will become closer to the present price. There are many more to trading like that.

Newbies will always lose, it is normal. That is why it is always advisable for newbies to trade with the amount lesser than the amount of money they can afford to lose, because they will lose. Someone can be a newbie trader or not yet become professional for over 2 years as the trader will lose, making the same and different mistakes and later try to amend. For newbie traders, trading is gambling.

If you see the life experience of some traders, it was bad, they lose a great amount of money in just short period of time, it is very risky like gambling because traders will start from the beginning as a newbie and if they use much money, sorry to tell you that they will lose it. Just as in gambling, as they trade more and used more money, they will lose more.

But unlike gambling, no profession in gambling but that may be a debate for some people, but the obvious truth, the more someone gambles, the more the losses. But in trading, traders can still professionally know that they should enter the market at a particular price and also leave the market at a particular price (easy said than done for newbies). Gambling is all-or-none, either you lose all or win all, cashout is not just an advantage, unlike trading that a trader can still believe in his analyses, the trade may not first favour, the market may correct itself and the trader may later make profit. But not just that the trader will just make profit, there are many discipline that he must abide to, he should not be greedy, he should use the amount of money he is able to lose, using low leverage like 1x and he should be able to make use of indicators and sentiments appropriately.

Thanks Bitcoin_Arena, but the issue was not about the mark price, though I gained from the article that you provided its link. The problem is that, before, if I open a position at for example $20275, it will be filled at that price, I was shocked to see the mark price at a very far lower price which was a big disadvantage for me. I moved my coins out of the exchange for now to trade on another exchange, I will later move small amount back to test if it is like that. I haven't see this before ever since I have been using OKX. I left an exchange(name withheld to avoid people not to think I am promoting the exchange) for active trading on OKX, but that has never happened to me on the former exchange before.

If I get you correctly, yes, a price very close to the BTC/USDT perpetual market price of bitcoin which was filled within less than 10 seconds.


This is what I mean:

Assuming you opened a sell position with bitcoin price at $20000, the liquidation should be close to $40000. If the price of bitcoin inceeased to $25000 (that is much, but just for instance), the person is losing already and bitcoin will first have to get to $20000 and below before making profit. At bitcoin price of $25000, you can increase the leverage to 3x (my maximum leverage for bitcoin).

If increased to 3x at bitcoin price of $25000, the price you will start making profit will increase from $20000 (the price you opened a short position) to $23333.

That is $20000 + $25000 * 2 (2 from the added leverage) divided by 3 (which is the average, total leverage used) which equals to $23333.

That is what I was talking about.

I have only noticed stop limit order in spot market or while closing an opened position in future market. But there is a way you can manually set the price to make it a stop limit order though. The position still took some seconds before it was opened.

I can not count arbitrage trading as spot trading, though if you have the knowledge of arbitrage trading, it means you have the knowledge of spot trading but they both differ.

In spot trading, traders take advantage of buying at lower price of a coin like bitcoin and they will sell at higher price to make profit.

In arbitrage trading, traders look for price of coins on different exchanges and move the coins from one exchange to another, converting it to stable coin or fiat to make profit.

In spot trading, you do not necessarily need more than one exchange. But in arbitrage, you need more than one exchange, if not more than one exchange is used, then it is not arbitrage.

Arbitrage trading are completely different. I know about it, the reason I still have to exclude it is because I am not using it to make profit, I do not do arbitrage trading, but I know about it. The other types I mean I do not know about are the pool or something and trading on decentralized exchanges to make profit.

My result: High-Risk Gambler 

The nine questions were easy but I answered like when I was addicted to gambling, I am no more addicted and I know I am not risking any amount of money I can not afford to lose, which means I am not a high risk gambler.

How about DCA? You can just do that. Know that as you are investing, there can be a period of unrealized loss, which means you have not sold your bitcoin and you keep on investing more instead of investing all at once. There are different strategies to investing than just to wait until you mean another bull market.

This is a sad news, I know of Sportbet. If English Premier League clubs do not allowed betting sites to endorse them again, it may slightly affect the betting site to see increasing new customers, but there should be other ways they can advertise their products like livescores sites and many others.

According to the news, if 14 clubs can support the ban, that it would be adopted immediately. Top clubs like Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur are not sponsoring any gambling site, such clubs may be in support of this.

Probably because people wish the government to regulate cryptocurrencies would have been the reason there are rumours that the US government want to ban cryptography/encryption but that is not going to happen. If it is banned, it means no cryptocurrencies  that would be created in US again, which is not possible. Regulating altcoins is different from banning encryption.

He would not be able to open both long and short position if the exchange does not allow that.

On the exchanges that I have used before:

On Binance, you can open long position and later open short position without closing the long position and vice versa if you use hedge mode, but you can not with one-way mode.

On OKX, you can use long/short position to do that also, but if changed to net mode, it is the same as one-way mode on Binance  and you will not be able to do that.

But the fault is from the script not the exchange.

I do not know much about other type of trading than trading on centralized exchanges, not arbitrage trading but spot trading and trading derivatives like USD-M perpetual for BTC. All I have known about trading is that it is very risky, it may not be gambling, but if i should be sincere, I consider it as gambling, especially for the newbies. Regardless of the the type of trading you are into, always know that trading is risky, do not use more than the amount you can not afford to lose, beginners should even use less than the amount they can afford to lose.

Yes.

As long as he is able to access Internet and his phone, as long as there are gambling sites that he can assess. Remember he can even still be able to access the gambling site he is using in his former environment even if he has changed his environment. So all he needs to gamble can be with him in just one room, so nothing changed.

That is just an issue with the bot that you are using, I have opened as many as possible long or short position on Binance countless number of times and no issue or problem of sort encountered. I am not a bot trader, I trade manually though. Also the bot is from you, not Binance.

How to Make a Trade on KuCoin
Spot Trading Guide - KuCoin

If you want to hold for a year or two, make use of hardware wallet that support the cryptocurrencies you want to hold, never leave your coins on exchanges, you have no complete control and your account or coin can be freezed and exchanges can be hacked.

Read about bitcoin halving and how it may influence the price if cryptocurrencies.
Know that trading is very risky, it is not gambling but consider it as gambling for starter because it can take money like gambling, I mean losses.
Do not use the money you can not afford to lose to trade
Long term investment is profitable, especially in bear market like this.
Be careful of people that provide signals, bots and copy trading. People will only require money from you but they do not care if you gain or lose and you may even lose after paying them.
Learn trading from scratch
Know that newbie traders will surely lose, use the money lesser than the amount you can afford to lose to start trading.

I opened a short position with BTC 1x leverage on OKX like three days ago, bitcoin was around $20275 on the derivative market (which supposed to be the mark price) that time, when I opened the short (sell) position, I was surprised that the entry price was $20070. I was surprised and that could affect my trading because with $200 different in price down, I would have gained and close the position opened. I did not have any other option than to increase the leverage to 3x in order to let the price I will start making profit closer, it was closer though. I checked the history of position opened but I still noticed the price the 3x position was filled was just like what happened when I opened 1x. It was worrying.

It has not happened to me before until three days ago. What could have cuase it?

What did you mean by you have not close your position? Using leverage to hold? If you are not using leverage, it is secure to move your coins to a noncustododial wallet. If using leverage, know that the risks are higher than it no leverage is used.

Dollar cost average can help instead off buying all at ones. If you are losing 45% already, it will be better not to panic and sell, continue holding if you can do this for long term.

Be expecting a slight bull and bear market in 2023 but be expecting a massive bull market in 2024. You have said it already, no one knows when the next massive bull market will begin, we are only predicting based on analyses of past price volatility but which may be accurate because bitcoin has never failed in long term bull prediction before.

Gambling can be genetic and passed on to offspring, but I have noticed that females are not addicted as male when it comes to gambling and that gives me doubt about it, or maybe that is how it is in my region, men are most into gambling. Or maybe the gene is more concentrated in men than women.

No one can blame addicts, but any bad deeds done by them can be punished. The more fact we need is that addiction is not good, it can lead to a kind of life someone do not wish for himself, the reason we should use just the amount of money we can afford to lose and nothing more than that.