We all know that there are games like Dice, Bustabit and other very popular in crypto casinos. The minimum amount that people can bet is usually 0.00000001 BTC.
The value of 0.00000001 is more than 70x high compared to 2016 year. So, the current 0.00000001 is equal of 2016's 0.00000070 satoshi. How does this price increase affect the crypto business? Do you see less profit in bitcoins and or in USD? Or even very significantly higher? Its understandable that years of marketing had it's effect on business but if we somehow make equal statistics, compare the fixed amount of average bettors of 2016 and 2021 year, how do the statistics look? Or how are old but still active bettors doing on your casino right now?
How much of your reserves are kept in Bitcoin and in USD/Euro? Do casinos trade with their coins when a serious rise or crash happens?
Would like to hear opinions mostly from the representatives of different crypto casinos that also operate on this forum.
I think you've missed an option within your poll which should be "No effect" and sit in the middle. Gambling has been going on for centuries, probably before money was ever even invented and will go on into the future long after we are all dead. Gambling institutions will take whatever medium of currency that will offer them a decent profit. While it has opened up a whole range of possibilities for newcomer businesses, the actual business of gambling has not changed very much. Some people like flashy lights and stimulating sounds which are triggered when the win a pre-defined payout, others like the competition on the poker tables (which is sadly lacking in the cryptocurrency space after sealswithclubs went wrong). |
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Compound interest has a bad outcome on its investors, and many people do not understand it. Most people will be unable to enjoy their investments because of the long time required before getting paid. Bitcoin moved people from zero to hero within 10 years of existence, and people still think it's a scam project. Compound interest should be tagged scam in bitcoin's stead because of inflation. And financial firms seize from uploading such attributes about compound interest on top blogs because they want to blind investors forever.
Your first statements don't make much sense. Compounding cannot be a "bad outcome" as it is simply a mathematical equation and it seems like you seriously misunderstand it because scams you've found have used it to lure in victims. Traditionally and over long time periods the stock market has been one of the best investments that you could ever make - provided you invest in index funds. The only way you would have lost money over a long time period is from investing into individual companies that turned bad or underachieved the market as a whole. Far too many people these days expect to get rich overnight, but the best way to get rich is building up a fortune over time as you will come to respect the slow and steady approach. |
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Olympics are here! Nowadays you have all the options to bet to almost all sports, but there are not that many occasions to use you knowledge about the international scene of some of the sports to make more interesting bets. For example, football is fine because you would normally get many chances, but what about new sports such as climbing? An also being able to do so almost all day around  Don´t get to crazy about it guys! Jokes aside, will you be betting on the Olympics? Will that be on top of your usual betting or instead of your usual betting? There is a lot more choice for betting out there, but it doesn't look like the bookmakers are offering any specials like they do with the major soccer tournaments. It's a bit strange really because there was loads of promos going on throughout the Euros but the ones for the Olympics have been really poor. It's fun to make some parlay bets because the bookmakers actually have less data to go on and are more likely to make mistakes than the regular games that they dominate with their huge banks of statistics. I'd say my betting habits are slightly lower than normal because there is less sports coverage elsewhere with it all focused on the games. |
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Can Bitcoin provide a way out of the world's debt problem? The current fiat world incentives debt through currency debasement and cheap debt. Too much debt can be a problem for long-term productivity and raises questions about sustainability.
Is bitcoin a possible solution to this mess? If more and more people start going from fiat to bitcoin, can we at least end up having a soft landing when shit hits the fan? Or will bitcoin exascabate the problem instead? Is there still hope for this world?
Money (aka Bitcoin) is just a store of value, used to exchange goods and services. Instead of saying "I'll trade you some tomatoes grown in my fields if you will fix my shoes" you could convert it into something that can be exchanged at a later date - coins or paper currency. A currency itself cannot solve a debt problem. Debt is when people swap receiving money now for paying money back at a later date, usually with an interest rate paid. Not all debt is necessarily bad, people take mortgages out for houses and often their home becomes worth a lot more than the money that was borrowed. Debt can be abused however, both by people who borrow without understanding the consequences properly and by lenders who extend credit to people who have limited abilities to pay it back. Many people also borrow money and use it in very wasteful ways which should be frowned upon. |
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I picked interest in Gambling recently and I love playing for fun, but lately, I lost most of the games this has made me lose some money and I would like to learn how to gamble.
I will appreciate anyone who can help with a guide or share a link to where I can learn how to gamble for beginners.
The best thing you can do when first starting out gambling is take a few days to prepare yourself. It depends which country you are in but it's possible that there could be a lot of lucrative "welcome offers" available and it's possible to make hundreds from these if you coordinate them well. Do some research on all the offers that are available, like "Deposit $50, get $50" in free bets. If you are able to find two of those you can guarantee that you'll at a minimum you should make $40-$45 - make a little loss on your qualifying bet (bet on opposing results at either site with close odds) and repeat it with the free bets that you've unlocked. Just make sure you read the terms thoroughly and try to plan it out carefully because you might only have a few days to use the free bets you unlock. |
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Bitcoin is a virtual currency that uses peer-to-peer technology to operate with no central authority or institutions like Banks. By its very own definition, Bitcoin sounds well positioned to kill central banks. Could it? This topic of central banks and their potential replacements are complex with a lot of valid arguments supporting it and against it.
The digital era may be against central banks, but it all not that easy as it has a strong foundation and six centuries of history. The first central banks, often helped nations in funding wars and other initiatives that are supported by the government. The British redefined the concept of central banking in 1844 with a legislative effort that laid the foundation for an institution that had the power to issue currency.
You could say one of the advantages of Bitcoin, or maybe a different cryptocurrency later down the road, is it might move us towards a global currency that is much more traceable than cash. If you really want to stamp or corruption and lower the amount of inequality within the world, the first step needs to be preventing the rich from hiding their money (or at least making it much much more difficult). If they only had a bitcoin-like object to use as currency then they would be forced to declare it and have it taxed fairly. You'd have a public ledger of how truly unbalanced the world is and it might force politicians globally to unite in disgust at the obscene quantities that just a few people currently reside over. |
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“They always say in times of tragedy and trauma, people turn to God. That is sort of what happened with me. It’s tough to describe the experience, but basically, the best way I can describe it is I went to Bitcoin.”
Taken from here. Well, have you thought about this idea that Bitcoin can be like a religion too? With some level of fanaticism, there can be people who are considering the Bitcoin community like a cultish one but then again all form of organization in varying degree has this energy and can even be used as a bonding agent. Now, in my opinion, while this idea can be a big welcome to some, this can also turned off those people who are not inclined to take up religious matters into their lives. What's your opinion on this matter? Ironically Bitcoin relies on the most basic math and science which relies on proof. That is in my mind the antithesis of religion. Religion relies on blind faith in the words written in stories like the Bible or the Quran, you are meant to follow it without question and in some circles even trying to interpret it differently from how it is preached at you can be dangerous. The blockchain upon which Bitcoin relies is possibly one of the most logical, consistent and transparent systems the world has ever seen - there for all to see but nobody has found a way to break it in the time it has existed. It is pure mathematics in the rawest form and each link builds on years of other links. |
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Gambling is looked at as the business of men just like football but these none of these are exclusive to the men folks anymore even though it still carry the face of men becyof how society relate with it. Things have started changing with the known saying that "what a man can do , women can also get it done". I'm also yet to see the men area of live that women have not dived into.
On gambling, I see the increasing speed of women also in this area especially with the opportunity of growing online casinos and poker games that they can play from home alone or with their husbands. But for physical gambling that they need to visit a gambling store, maybe they still a little withdrawn not as online either because they are shy or just not convenient for them .
What could make a woman take to gambling ? Can it be for fun or for the need to make profit for the family?
It is true that in the past the televised poker we've seen has been heavily weighted towards men at the table. Not that it is right at all, but I think women in the past have found themselves with a lot of unnecessary attention in all walks of life - so they might get some sleaze directed at them on the tables or abuse that might not be directed at guys. While in things like weightlifting there is clearly a difference in ability and men get a large edge from natural testosterone, there is no such limitations when it comes to the power of the mind at the poker tables and it would be nice to see many more conquering the tables now they have increasingly safer environments. It would be nice to think that they are silently dominating the world of online poker behind anonymous aliases. |
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Hi All, Just looking to see if there is any interest in these tokens that were offered by Casascius quite a few years ago in bulk. They're quite a neat addition to any collection and probably the lowest price collectible you could get from this manufacturer, however they seem to rarely be up for sale. Could be a great start for a new collector.   They have a mirror finish on the front (can get better photos if needed) and the back has room for a private key paper + hologram (not included) Willing to sell them individually or in bulk - open to offers |
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Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments. Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks.  I'm not sure why you consider avoiding taxes to be a bonus, everyone in a decent society should be pooling their resources to fund projects for the public good - it's what goes to pay for roads, bridges, emergency services, defence forces and all sorts. The things that keep society moving and safe in many ways, claims like that are more damaging for Bitcoin than anything else. As for speed of payment, I have always found bank to bank transactions to be instant so that is a poor "benefit" although it may be relevant to some countries where banks are poorly integrated. Many people in the crypto space also use exchanges rather than personal wallets and this can actually be much safer for a general user than a standalone device vulnerable to hacking. Cryptocurrency has a place and certain advantages, but I definitely prefer my salary in a stable currency. |
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One of those successful cases of bitcoin hodling was a friend of a friend. They (a couple) took an important risk by investing 60k of a dismissal compensation into bitcoin and making a x100 on it before selling half. I do not know what they did with the rest. Now, these people were not rich, they took an enormous risk compared to their total wealth. They had to really believe on the project and pass though some of bitcoins usual "tests of faith".
For someone with let´s say, a net worth of 1M USD or more plus house, hodling 60k until they became 6M would have been not that much of an stress. Do you think it was easier to benefit economically from bitcoin if you were already a bit up in the ladder?
It's rather simple and obvious to answer this question. Often when you are poor or sometimes even middle class it is extremely difficult to save any spare money from your monthly expenses. Even when you are able to save money you are one car breakdown or household disaster away from needing to draw on those savings. Few in those two groups ever even think about investing like someone with a lot more money would be able to do. When you are rich, your money is growing every single day through things like stock market investments - without you having to touch a single thing. The rich are also able to diversify a lot more which can act as a buffer and shock absorber if one kind of investment goes wrong, also allowing them to have much longer time horizons where they may not be tempted to take profits too early. |
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Many other cryptocurrencies have been improved upon based on Bitcoin. In other words, Bitcoin must be inferior to them, but why is Bitcoin's value number one by far? Why is Bitcoin worth so much?  The "first mover" in any market often has a strong monopoly that is hard to break - Bitcoin was the original, has been around the longest and has a relatively low total cap. Many people have heard of Bitcoin through the news and media, but even that took a long time to break into the mainstream. Eventually I think the limited number of Bitcoin might actually lead to it losing the number one position and Ethereum is getting a lot of publicity right now - it has room to inflate as more people use it, which will really be required if we want lots of people using it for all their microtransactions. That will really make it into a useful day-to-day currency for the masses. |
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I picked interest in Gambling recently and I love playing for fun, but lately, I lost most of the games this has made me lose some money and I would like to learn how to gamble.
I will appreciate anyone who can help with a guide or share a link to where I can learn how to gamble for beginners.
If you expect to win - you need to know whether it is possible to win the game you are playing. If you're just playing virtual games like slots, then you will never win over the long term because payouts are entirely controlled by the house and tilted in their favor. If you are interested in putting thousands of hours into a skill based game like poker, then you might - just might - be able to turn it into something profitable. You definitely need to set a budget and maybe just choose one or two days a week that you'll play on, otherwise it may start to creep into a long term addiction you'll find it much harder to escape. You really need to share what games you are gambling on for us to give you more advice. |
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First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets. Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market. What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once. To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites. For me this is little hard to understand that they do completely nothing to filter this out. I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about. So tell me, are we in meme coin mania already? https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996I think the peak of "Meme coin" mania coincided with the peak of Bitcoin (naturally) and was also around the time of the Gamestock short squeeze. That tells me that a lot of people, probably many from the USA, had a lot of cash available to spend. It is unsurprising really because people are always looking for a shortcut to wealth and Covid created a very bizarre distribution. You either had people who were really struggling because their jobs vanished (but they still got some stimulus) and you also had people who continued working all the way through, with less places available to spend their cash (like on holidays or cars) - that were eager to take a chance on these mysterious new crazes that made people very rich if they timed it right. |
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US cryptocurrency traders are bypassing the country's restrictions on trading Bitcoin, Dogecoin and other digital currency derivatives abroad. This is what a recent study released on Friday (30) revealed. As reported by The Wall Street Journal, hundreds of Americans are trading cryptocurrency derivatives on offshore exchanges such as FTX and Binance.
As others have said already, just because people are committing illegal activities abroad does not make it acceptable or mean that they won't eventually get caught. The US government has been able to wield enormous pressure on to all of the tax havens who have been sheltering tax evaders for decades and pretty much all of them have succumbed to information trading agreements on US citizens - nowhere is safe any longer, accept ironically companies created in certain US states like Delaware. All of those traders, whether they win or lose lots of money will eventually be caught if they're really engaged in financial trickery and the IRS is one of the most punitive taxation organizations you'll find, along with extensive resources at their disposal. |
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We hear this every day...... Shills and competitors and Crypto haters spewing FUD on the Internet.. telling everyone that Bitcoin is "Bad" and that it is a "High Risk" investment or their favorite.... Bitcoin is a Ponzi scheme/Bubble that are going to burst soon. The skeletons in the cupboard of the FIAT Financial System are piling up and we see one of them in the form of the Archegos scandal! ( USD20 billion in liquid assets losses) --- So where did they get the money to invest... Answer : Banks !!! (Our Money) Nomura reporting losses of USD2.9 billion and Credit Suisse taking a USD5 billion (approx.) hit. Morgan Stanley and UBS also had some losses. Archegos was not a hedge fund..... It was a single family office, run by one individual. Why did Banks give money to such a risky financial operation? (Question is ..... Can we trust Banks to make the best decisions with the money that we deposit?) You thought your money deposited in the Banks are the safest option? Guess again........  Sources : https://www.hedgeweek.com/2021/05/05/299729/archegos-collapse-shows-what-can-happen-when-leverage-misappliedhttps://www.bloomberg.com/news/articles/2021-03-30/a-glossary-to-understand-the-collapse-of-archegos-quicktakeYou should really distinguish between retail banks and investment banks because there is quite a big difference. In a boring old retail bank customer deposits should always be segregated and for this reason there are often government guarantees on a certain amount of funds - banks can only use deposits for what are considered very low risk investments, like putting them in certain bonds or lending it back out in mortgages. Investment banks, like the ones that you listed with losses, might be a department within the wider bank but their funds come from investors who want greater returns but as you see - they suffer greater downsides when things go wrong. It's always worth understanding your comparisons before getting over confident in your analysis. |
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There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual. I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts? It seems like the lag time on Bitcoin is actually one of it's biggest downfalls in an age where everyone wants things instantly (just look at Amazon Prime). Until Bitcoin can confirm instantly it will always be at a disadvantage over existing card networks and even cash. I feel like Bitcoin has a place in different fields, like currency exchange services - between Dollars and other currencies that can tolerate a bit of a delay and usually involve more sizable transaction amounts. As you point out, volatility is a big issue and Casinos already face enough of that with that on the floor - why would they want to integrate a payment system where they could lose a lot of money if somehow Bitcoin dropped in value substantially. |
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Only in the last few years, China has become more and more a headache for many countries. Disputes over the South China Sea, annexation of Taiwan, dispute over India's border, maritime disputes with Japan, create economic debt traps for poor countries. Countries such as the US, the European region, the US, Japan, and India are changing their foreign policy with Southeast Asian countries. From investment, economic cooperation to military such as providing patrol boats, warships, ...
The results after the wars force leaders to have a cool head so that things do not go too far. Along with that is the economic control in the region when a wave of boycotts of China pours in. Many factories, production facilities, and economies are important and relocated to Southeast Asia. At the same time, countries such as the US, the European region, Australia, Japan, and India are also constantly promoting diplomatic relations such as donating maritime patrol boats to provide military weapons to create a balance against the enemy. China's unrelenting influence. During the epidemic, the market went sideways, AXS a product with a combination of Vietnam and Indonesia is creating great attraction. Suggesting you more about the nature of this area with the sea, mountains, and different cultural features is enough to make you feel alive. From my perspective, this will be an area that develops very quickly after the epidemic, leading to the development of new unicorns.
It's a pandemic, not an epidemic. An epidemic is confined to a single region but an pandemic is global - quite a large distinction as we've seen it infected the whole world. There is little point in trying to gauge the future as there are so many variables in play, but things are likely to stay roughly the same for the next decade or two. The only upset might be the leadership in China or Russia trying to make a display of force - which tends to happen if the economy falters or protests pop up. Hopefully the world focuses all its attention on trying to survive the upcoming environmental crisis because that might do a lot more damage overall than even war. We're seeing record temperature rises, flooding and huge fires all around the world - it was predicted a long time ago and we did not take concerted action. |
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I opened my phone and turned on the Internet connection in it and I was bombarded by notifications, Gmail spams, Facebook notifications, Messenger chats and others but one thing that piqued my interest was this article in Google News. It talks about how bitcoin should be banned or something, I tried to read the whole article but I feel like it's just a rant about how bitcoin is worthless and the value of it is based on faith in reality it's the same as fiat, it's just that it's backed by the government that's why it has value, I mean if you go back to bronze age and you ask for a blacksmith to make you a sword and you pay the blacksmith a piece of paper telling the blacksmith that it has value, the blacksmith would probably laugh at you and just give you the sword for free since you aren't right on the head. Here's the link to that article: https://thehill.com/opinion/cybersecurity/564696-bye-bye-bitcoin-time-to-ban-crypto-currenciesBitcoin was the first and will long be known for that fact, however in producing such a low amount of 21 million it may have effectively ruled itself out of being useful in the long run. In order to be an effective currency, rather than a speculative asset like gold, it needs to be used regularly and the fees will need to be any rival payment systems that are already in existence. It has a use-case for transferring money over borders rather effectively, but you might argue that this is generally abused by the super rich than being helpful to the average user. That brings us back to day-to-day transactions, which cannot be effectively achieved by Bitcoin because there is a large lag time issue to resolve compared to existing electronic payment networks - this is a major disadvantage. |
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These days I'm seeing many Youtubers and Twitch streamers are promoting Gambling websites [Dice, Sports Betting] and Poker Apps.
I know it's ok to gamble for having fun and socially but I don't think young people should be exposed to this when they're in school.
Most of them will only imagine "What 'IF' i win 1000x of this amount and i'll be able to do this and that"
The first thing where will they get the money, even if they get pocket money and use that to gamble then they'll slowly develop the habit of gambling disregarding short-term winnings - if they occur.
They'll pay a huge price with the tension they'll have thinking about this when their whole life is ahead.
Frankly it is shameful that regulators around the world, who will often have strong regulation banning gambling adverts from TV or other media, have fallen asleep at the wheel when it comes to social media. You can guarantee that many of these so-called "influencers" will sell out to anyone who will pay them a buck and will advertise anything they can get away with. Crypto-related advertising can go especially unnoticed because it is often unregulated as governments work at a very slow pace - they are barely putting in changes to cope with the advent of the internet. It must be much tougher growing up now and exposed to all these people online that have become the new role models who can be very sneaky for their own financial benefit, it's a real shame - some examples need to be made of these false representations that rarely mention getting paid to advertise. |
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