So is it safe to say that all this billionaires in the society controls the crypto market, because why's it that whenever they tweet about a project or just say a random words, the project start to pump?.
What's your opinion guys?
It sounds like you are referring to Elon as he is the only billionaire using twitter to manipulate the market. I don't know how many other billionaires are in the crypto space but no one can control crypto. Elon doesn't control crypto, he just uses his own tweet to manipulate a coin and here dogecoin. It only takes place in a short time, but cannot control the market completely. We don't know how many billionaires are in crypto market, but there could be many of them investing anonymously or through their partners. Since they have money to spare, it is pretty possible they create fake hype by heavily investing in random altcoins, so other investors follow the trend pumping the altcoins' prices even more. After a while, initial investors who created the hype sell their holdings, recover the investment, make profit, while late investors are caught by surprise by a dump and lose money. That is how the ponzi scheme works in crypto market, possibly boosted by billionaires or whales. |
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Actually, in this case I probably won't look too far from the word home because apart from this it can be used as a business area but we must narrow our way of thinking first, if indeed we don't have the capital to make a house a business land, at least we must still have a house so that we can still take refuge and stay.
There is no need to insist on investing in a house because this is a primary need in my opinion and we need a place to take shelter and of course the house is one of the best places. If indeed we are able to make this a business then it is good but when indeed we still can't and are very lacking in terms of capital then still making this a primary need is enough.
Yes, a house, apartment or piece of land are a guarantee in life you have where to settle yourself despite the financial difficulties you may face during harsh times. Imagine how frustrating it is for those who don't have a house, so they become homeless, live at hostels or have to share a room at friends or relatives' places. Privacy is a key factor in life which contributes for our self-esteem, and in order to achieve that a self owned place is a must as basic need. However, to have more than one house for investment purposes must be very well thought if it really worth or not depending your local area, economy, criminality rates, supply and demand, maintenance costs, taxes... |
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Cryptocurrencies are here to stay, that is an undeniable truth. But are they going to replace other currencies such as Fiat currencies as we know it?
Well, the reality is that cryptocurrencies as Satoshi envisioned are in a dying process. The total regulation over the Ethereum network and its change to a POS network that turned into a completely centralized network is clear proof of it. Now, once CBDCs come in, we may be seeing state digital currencies taking over while a total ban on unregulated cryptos is lifted...
The come in of CBDCs represent the takeover of cryptocurrency over fiat currencies, at least in technological terms, because nothing will change regards centralization since it remains the same even when dealing with cryptocurrency. Crypto as it started with bitcoin, decentralized, won't replace centralized currencies, but it can remain as a side currency we have the possibility to use simultaneously while trying to avoid regulators' intervention with mechanisms we have at our disposal on the internet which can take us closest as possible to anonymity. |
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Scammers and exchanges faking volume can be already spotted and caught with the currently tools and mechanisms regulators have at this point.
The problem is that the law forces act too slow, therefore more regulations wouldn't solve the main issue. It would only make things worse, with common investors being prejudiced by bureaucratic demands and even impediments, like we see at the traditional financial markets, while the big wealthy investors are the only ones capable of participating investments' activities.
Unfortunatelly I guess more regulations, censorship and limitations for us are inevitable in some years. We have no resources to fight against it.
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Instead of growing money, grow patrimony, because money loses value within time. Some people worry too much about saving money and accumulating maximum as possible during decades of their lives, so after all those years they finally decide to do something with the money. However, they don't open their eyes to the fact there is a constant devaluation impacting the savings each new day. If they used this money for investments instead of saving, after decades financial results would be much more impressive and rewarding.
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^
In addition to online gambling, there are a huge number of illegal casinos that are hidden from the gawkers and you can get there only by invitation. In my opinion eradicating gambling is the same as eradicating arms and drug trafficking. And we all know that not a single state has been able to do this so far. So if a person wants to gamble he can, in any case, find somewhere to do it. It all depends on the desire. Yes, a gambling ban means nothing on the practice. There is always going to be a gambling alternative on every territories of the world, doesn't matter how restrictive the local laws are. Before the internet it was harder to find such alternatives, because clandestine houses were one of the few alternatives, although a group of friends could manage to bet among themselves without any issues too. But now there aren't excuses. Anyone can have access to the internet and sign up at an online casino to start playing. Countries which insist in forbidding gambling are simply losing income to other countries which could be being received by themselves, if they allowed gambling by the rules. |
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It is still not too late to start investing in bitcoin. I believe you made it in time for future profits that must come in the following years. Bitcoin is cheap right now and the more you are able to acquire and hold, the better for yourself once the market's tendency is reverted. I hope you can inspire many others through your story to make their first bitcoin purchases as well, so bitcoin community can become larger and bitcoin can become widely spread among more investors' hands, truly decentralizing the supply of coins.
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Sorry, but the gambling company didn't mention any proofs of irregularities to justify their decision of not paying the winner. They simply claim the winner is a cheater and that they won't accept being blackmailed or bullied in order to pay the money.
Did you read the article? The matter was already in court. Do you think a gambling company will win just by the statement in the court? Of course, they supported their claims. There are already several big wins that the company processed without a problem therefore there's really an issue with this alleged person involved. Anyways, we just rely on what we read. We don't know the exact details of the case. Yes, I read the article and didn't find any proofs to base their claims the gambler has cheated. It looks really strange to me, because if they know the gambler cheated they should have provided details to the article writer, so we could understand what is really happening, while maintaining their reputation on their country as gambling company. And it will be even more strange if the court decides at their favour without further evidence exposed. I believe a court's decision isn't legit just because it was decided by authorities. There is a lot of corruption going on at the judiciary, especially in poor countries and especially when involving wealthy companies which deal with a lot of money. |
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Sorry, but the gambling company didn't mention any proofs of irregularities to justify their decision of not paying the winner. They simply claim the winner is a cheater and that they won't accept being blackmailed or bullied in order to pay the money.
In my opinion that is a very disgusting approach by the casino which only reinforces the winner gambler's side.
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How on Earth do you want Bitcoin to be a stable Coin. Sorry to say this, Bitcoin is a blockchain and therefore stands to get all benefit of a coin and not a token so you can see it yourself. It is near impossible to make Bitcoin a stable Coin as it was not built or financed on ICO or IDO neither was the founders identity known. Making Bitcoin stable can not hold any ground because it has no control or under anybody or government control. It is better it remains so as to allow for growth because I strongly believe Bitcoin will definitely grow much more than it's current price as it is going through a phase of by which it is building a strong price base and support. Come to talk of it, do you not know making it stable might likely cause a panic in market and scare away investors already holding giving them a Sense of loosing their investment. This would call for massive dump and I know and believe you would not like it so because nobody would want to buy it again. The major reason Bitcoin is so because it is not under any government control which is the sole reason Bitcoin was invented by Satoshi Nakamoto.
If the supply wasn't concentrated in few hands the price would become more stable. Bitcoin splitted among more investors would be a guarantee against market manipulation, because it is impossible to manipulate the market when you have more independant adopters involved on the process thinking by themselves. That would mean the end of crashes in the market, what I believe to be positive for crypto environment, since many potential investors seek for a security level when investing their funds, which doesn't exist yet on this market (with the exception of stablecoins). For me it wouldn't be an issue if bitcoin price became stable at some point, as long as it stays above the 100,000$ mark.  |
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Last technique I used was to try recovering losses with high bets and high odds, therefore small profit. For example: gambled normally few bucks with 50%-60% winning chance. In loss case, tried to recover it with a high bet and 90% winning chance. The problem is that at some point it lead me to huge loss with a single bet, since I couldn't afford losing more than 2 times in a streak with 90% winning chance. After the failure I stopped gambling, so no more techniques for now until I recover all my money.  You really can feel cheated losing 2 times in a row with 90%. That's maximum pain It was even worst. I placed a decent bet size with 90% winning chance and lost. Then I made an "empty" bet with 1 satoshi and same probability just to see what was going to happen and then I lost again. So I went fully confident for the third bet with 90% again, because it looked really unlikely to lose 3 times in a row with such winning chances. That should be definitely my comeback, but unfortunatelly I ended losing once more, and this time a considerable sum of money, so I had no other alternative besides quitting. Yes, it feels like being cheated, although the game is provably fair. It is an inexplicable sensation mixed with the feeling of being dumb enough to make a big mess.  |
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I think there are slight chances of seeing this happening, because the operational costs for land based casinos are much superior than running an online casino, so it doesn't make sense at all for an online platform to go physical. It would mean and represent less profit for them, while having a lower customer base, since land based casinos are restricted to the people of the city or region where they are located. On the other hand, with a virtual casino you can reach people from the entire world. That means more profitability and less costs to run the platform.
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From times to times the local fiat currency of a country must be redesigned through economical plans which have as goal to improve the economy of a country. Where I live we already had 7 different currencies, being the last and currently one active and alive for 28 years so far. I can say it was a good plan which made the country quite stable for a while, although we are entering a very serious stage of our economy due to populism, corruption and greediness from governments. But if implemented correctly in Nigeria, an economical plan like this can proportionate a very prosperous age for your nation.
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Elon Musk isn't a key factor for the next bull run and he knows it. Like any investor, he will simply take advantage of the rising market to grow his fortune. The key factor must be the halving and if we are lucky, there must be something else happening in the world meanwhile which could also boost bitcoin's price more intensively to the moon. Anyway, I think the mentioned tweet from Elon Musk is good news for bitcoin, because he isn't hostile to it at this time and that is a signal speculators are attentive regards bitcoin, possibly going for it without further announcements. So better that small investors like us are prepared holding our funds from now on.
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Last technique I used was to try recovering losses with high bets and high odds, therefore small profit. For example: gambled normally few bucks with 50%-60% winning chance. In loss case, tried to recover it with a high bet and 90% winning chance. The problem is that at some point it lead me to huge loss with a single bet, since I couldn't afford losing more than 2 times in a streak with 90% winning chance. After the failure I stopped gambling, so no more techniques for now until I recover all my money. |
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Security. When you play at home through the internet you don't have to worry about being followed on your way back to your house after winning big on that day. On the other hand, that may happen if you play at a land based casino, especially at dangerous, desert areas or at countries where gambling is forbidden, so you have to stick with clandestine casinos.
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Why does it look like he is only shilling for the casino? Newbie account and randomly posting how awesome the casino is because they allowed him to withdraw such huge amount with KYC and he was using VPN? Sounds like a shill account trying to lure players that don't want to go through KYC and uses VPN. And like others said, why not show your withdrawal transaction hash to prove your claim. Anyway, I am pretty much sure their terms of service says that users might need to pass through KYC, just because you got lucky, doesn't mean everyone will.
Anyway, I wouldn't want to play in a casino where they give no warning when you accidently bet your whole balance with such low odds of winning....
We don't have a guarantee he is a legit player posting a legit story, but if I were a lucky gambler like him I would share my story as well while also highlighting the casino's brand in a signal of acknowledgment and recognization for the prize paid without complications. The casino could create a lot of difficult in order to allow the withdrawal like we have seen many times before already, but they didn't, so I think they deserve a positive mention. But you are right, a warning message should be displayed when the player places a big wager with low odds. It happens all the time, so an extra protection for gamblers is needed. |
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Second, will you use this money to upgrade your lifestyle i.e living big and showing off,even relocating to a better environment and forget about your old friends in your former neighborhood ? Or will you just remain quiet,happy and living a your normal way of life but investing the money into something profitable without telling anyone ?
I would definitely cashout that sum of money and invest in a piece of land, so I could start building a productive countryside property. With 50,000$ it's possible to acquire almost 30 acres of land in a desert area, what means a lot of potential for different kinds of activities, from farming to tourism, so I really can't keep risking this money gambling while it could be much more worthful if used to invest in something productive. Someone should never hold fiat on his hands for too long. Invest it as soon as possible, because each day you hold fiat, its value fades continuously through your fingers. |
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I personally don't like to share my winning to my social media and this forum because if I post my winning amount, the losses amount is higher than my winning, so it's just make me to not show a real condition of my gambling history. As a gambler you will keep losing since the house edge always on the casino side. Only few casino have a happy hour promotion where the house edge is 0%.
I don't know what some sort of gamblers stand to benefit from announcing themselves tobthe public than doing them much harm beyond expectations, as long as I can't post all my losses made on social media then there's no need to begin to announce myself online, this sounds a little of being inmature enough, those little things like that get some gamblers freaked to the extent of loosing control in excitement, winning such amount maybe consider as nothing to some because they have bet with higher amount to the one he just won. They can do it for marketing purposes and to grow their social medias and channels. The more people following them, more money they can make through referrals and advertisements. In order to do this, they have to show positive and progressive results along the time, so others will follow them in an attempt to reproduce the same results. I believe it doesn't lead to addiction, because people doing this kind of content are aiming profit through increasing their audience. If they become addicted to gambling, they won't be able to profit from this activity anymore and won't be able to keep uploading content to their public, since they will be bankrupted at some point. |
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