I think that this is normal, it is the duty of every casino, if a person deposits and wins, it is their right to withdraw, and yes, there should not be a KYC requirement to do so, because it would condition them or force them to give their data in order to opt for the benefit, I do not agree with the KYC to withdraw,
Nobody agreed to giving out their private information to casinos but since we're dealing with money here casino are obligated to asked for KYC verification. All casinos are now doing it and if this continue they'll be forcing us to abandon them and move to web3 casinos. This is meant to be a decentralized environment, exchanges are also requesting for KYC verification but we have decentralized exchange that aren't asking of KYC verification which we can use as an alternative to the centralized exchanges mandating use to pass KYC. If we can get very good decentralized casino and sportsbook. I won't hesitant to start making use of them instead of the centralized casino that's becoming very popular. For now we just have to obey their rules so we can withdraw our win but soon they won't see customers. |
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There are several things that must be considered before we invest in something, including Bitcoin.
1. Invest when you really can and are willing to invest, not to force it, let alone make it difficult for yourself because of investment, especially this is risky.
You're right and from the advices I have seen on the forum, it looks like if you're not investing you're doing something wrong meanwhile people don't realized that not everyone has equal financial power. We have people that if they invest what they have they won't have anything left. It's not a must to invest in Bitcoin and it isn't a must to invest now. If you're not ready to invest then don't do it because if you allow yourself to get pressured into investing, while others are okay when the market is dumping, you won't be at peace because you can afford to lose. Bitcoin investment is risky when you don't have the patience to hold for as long as it takes for you to become profitable, you'll lose your capital when you sell and that can lead you into having doubts about future investment to trap you at the position you're financial forever. |
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Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost.
Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling.
This opportunity will hardly come again even when you're a frequent gambler, don't hate yourself for making this decision because if you would had won you would had praise yourself for taking the decision to add more games. You didn't know other games will win but was only hoping. Now that this has happened, I would advise you shouldn't disbelieve in yourself when you want to bet in the future about the games you choose, you we're not greedy because you didn't know you'll win the other games. Greediness comes when you have something already and not satisfied. But you didn't have those money yet, it was only a possibility and also you could have lost it just as you did now. Don't chase after your loses, also learn to play smaller numbers of games. If you use more money for that game you could have won with lesser games selection. |
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Betting on an unknown team from an unknown league is the easiest way to lose money. I agree with your opinion because I think betting money on such a team is nothing more than guesswork in the dark. They wished for luck without having a database to analyze, so in the end their victory was purely down to luck.
Sport betting is not all luck so we have to do our homework if we want to win our bets, going to bet on unknown leagues that you have no knowledge on how the teams in the league play is very wrong. Just because betting has a lot to do with luck doesn't mean you shouldn't research. Bet only on league that you can predict the games because you're always watching the teams play and you know the strength of most of the teams playing and knowif the teams are in form or not because when you don't have this information, you'll be in the dark. Gamblers lose when they bet on things they don't have any knowledge about. Betting on unknown league in sport betting is similar to a non poker player going to play poker. He's going to lose because his counterparts has more knowledge than him and will use that to win. |
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I know that it is not too advisable to teach kids bitcoin,but you can still teach them if you want them to have the idea of bitcoin. I want to share my strategy on how to teach kids bitcoin and you can try it. Especially, those of us that want our kids to know what bitcoin is or have the basic knowledge of bitcoin. If you have a cartoon on bitcoin,you can put it for them to watch and after watching,ask them if they enjoyed it. Tell them that whenever they watch the cartoon, you will give them a reward,and it should be the something that they like most. Maybe candy,ice cream whatever that you know that makes them happy when they eat it,but something easy to afford. Like down here I can buy some chocolates for him. Tell them to watch it every evening or when you think is cool for them. Don't forget to keep to your promise whenever they watch the cartoon.
Are you telling us to treat our kids like dogs that we should give them treats whenever they do a good job. They're kids so lets let them be kids they can always learn about Bitcoin when they become of age that there brains can proceed what they're learning about to enjoy it. I'm against teaching our children Bitcoin at this early stages of their life that we have to give them Bitcoin cartoons to understand Bitcoin. Bitcoin is money and it is a very important topic that should be learnt with seriousness so our kids should be of age before learning. When our children are still young, we have to prepare their future for them by investing in Bitcoin for them and when they're older, we can teach them about Bitcoin and handover their investment to them when they're responsible enough to manage their portfolio on their own. |
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But one doesn't need to learn about gambling because it will have a bad effect on him. Maybe he just needs to learn about investing in his crypto. It would be better for him because he could have a chance to earn profit instead of gambling. So gambling is not the most important thing for crypto users but crypto users want to benefit from trading and investing.
How do you know that gambling will be bad for him, gambling doesn't have the same effect on everyone. For some people it'll be negative as they'll get addicted and lose all the money they have but this will only happen when they don't gamble with regulations but just doing it anyhow. You can become a gambler and your stories changes just as investing in cryptocurency can change your story from been poor to having wealth. Everything in life depends on how you approach it besides you don't need to learn about gambling as gambling doesn't need skills. Gambling isn't a part of cryptocurrency, the only reason gambling is very popular among cryptocurrency users is because the coins we have can't be used physically in most part of the world but it can be used online on for gambling on crypto casinos and sportsbook. |
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We don't know about the percentage, but even rich people probably gamble, too.
There are many reasons why people gamble, it is not only about expecting to earn money. Some people gamble for fun (entertainment purpose), some gamble to spend their spare time, and others probably gamble to win the jackpot. Middle and low class people may gamble for money, they want to try their luck to earn money. While rich people are likely to gamble for entertainment or spending spare time. So, based on these possible reasons, any level of people can have a chance to gamble. Gambling isn't for middle and low class people only, it is also for rich people as well.
If a poll is taken we'll see that more people gamble because they want to make more money, gambling takes money more than It does gives money when we look at the overall statistics because more people are losing money on a regular than those gamblers who're winning. On the forum we also have more people gambling because they want to have money to live the richest lifestyles they're dreaming about. I haven't seen any middle class or lower class person that is gamble because he or she want to have fun or just for entertainment purposes. But we have many rich people that still gamble because they want to make more riches and increase their wealth to the next level which means gambling to make money or not having sufficient money is more common than gambling because you want to have some fun. |
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Can you imagine? Banks claim to be blocking people and businesses because of the FTX collapse. How many banks have they stopped because of the ugly past of many UK banks that went insolvent?
The problem of one establishment out of many should never be a yardstick in judging others. For me, these banks are anti-crypto and their actions are high level of hypocrisy.
Banks will always used any opportunities they have to discourage people's from investing in cryptocurency because when people invest in cryptocurrency it takes money from their hands. People no longer trust banks because they're no longer leaving their money in banks. People are now investing in cryptocurrency and the banks sees this as a threat to their business so they'll use every opportunity to attack those people doing this which is why they're closing their banks accounts. Both the banks and the government don't like cryptocurrency. They'll protect their fellow banks when they have financial problem and look for ways to make people to keep trusting banks because it benefits their businesses but when it's cryptocurency they act like all cryptocurency are bad like the ones that collapse, it's just the nature. |
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I was told that during in cryptocurrency investment that for we to achieve and plans for investment in cryptocurrency we most have a budget and also exercise patients in any of the investment of cryptocurrency and when we rush the investment we are going to lose and we have to be careful for the kind of investment we are going to involve ourselves in cryptocurrency, so I believe that with trust and not to be in hurry you will make a profit in long term investment of cryptocurrency depending the coin you are investing for, either bitcoin or altcoins
Those that are always in a hurry don't make big profit from investing in Bitcoin, if you want to make profits from investing in Bitcoin you have to buy when everyone is selling and hold your Bitcoin in your wallet because exchanges aren't safe to hold your Bitcoin there. Holding of Bitcoin would give you more profits and to hold Bitcoin you need patience. First you'll need patience when buying, you don't have to hurry to buy as when you do that you'll be buying Bitcoin at a very high price. Always wait for the market to fall before you buy Bitcoin. After buying you have to hold patiently, there will be time when you'll want to sell due to the price of Bitcoin pumping but keep holding because Bitcoin can always go higher in price because there's big demand for Bitcoin as more people enter the industry in search of profits too. |
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Will you explain to him that you are doing great and you are not a compulsive gambler
Will just stop gambling and be practical and get that multi million inheritance
You'll just go on with your passion and just forget the money that your father will give to you as inheritance.
Let's discuss this scenario is possible
5 years is too little to stay away from gambling, there's nothing saying I can't go back to gambling when I receive the inheritance so I will be well behaved that period and get the trust to receive the inheritance. When I get the money I can start up my own casinos for gambling. In my casino, I'll be the house so now I have the edge over others and won't be gambling again instead I'll now be an owner of a casino and probabilities are that I'll include sports betting for sport better lovers. It doesn't matter how great I was, I'll stop gambling for this. Does anyone has gambling as a passion, people I know mostly gamble because they're in need of money and are looking to double their money by betting. The inheritance is a big money that I'll get without working for it, I might never win such amount gambling so I'll take it. |
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$1 million is a very high price, I never thought we would get to that price, let's think and see this realistically and I think the Bitcoin price is a market game that some groups continue to make to attract bidders to keep believing and investing on Bitcoin, regardless of whether it will benefit a group or not but the movement continues to occur as what has happened in the past.
Realistically nobody thought we could be at the price Bitcoin is trading today so don't doubt like how others were doubting in the past and missed the opportunity of investing in Bitcoin when it was nothing. We can get to $1 million but it won't be in this bull market happening. If Bitcoin can trade at $200,000 by the end of the bill market or maybe it teaches $150,000 it means with we'll be lesser than 10x to get to a $1 million trading price in future bull runs. It could be in the next 3 bull market or maybe in the next 5 bull market but it'll happen one day. The only time I don't see Bitcoin trading at $1 million is if Bitcoin dies due to too much pressure from the government but that's unlikely going to happen as Bitcoin can't crumble but will stand and fight the government until they are the ones to give up and embrace Bitcoin. |
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do anyone withdrawn successfully the winning amount and if yes what was the process, it was seamless or you need to pass a hard kyc?
I have deposited small amount and won big amount then withdraw without much challenges but that was before all casinos are now requesting for KYC. Casinos aren't as fun as they were when you're not force to pass KYC and you can gamble as much as you want. Today just for small wins, I have to pass KYC or sometimes you have to pass the KYC before you can bet on the casinos, all this regulations are taking the fun out of gambling. No casino would want to force their players to complete KYC if they weren't been forced by the fed. The government are trying to control everything and they're focusing more on cryptocurency and platforms that uses them like casino and sportsbook. They want people not be comfortable using them so they stop getting customer and making profits to kill the platforms. |
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Now let's take this to a discuss; how correct is this statement? And is there any similar statement like that in your home-country that's popularly used among gamblers to encourage themselves from quiting gambling because they're losing?
Or would you allow your decision to quit gambling to be affected by any popular statement among your fellow gamblers or it's a no no thing for you?
I think we shouldn't let any popular saying affect our decision instead we should make decisions based on how were seeing the condition that we're in. You should quit if you noticed gambling isn't doing you any good as you keep losing instead of winning like others are doing. If you're winning then you should continue gambling, you quiting earlier can help you to look for how to make money in other things instead of wasting the money gambling, you can decide to invest into cryptocurency and you get profits when the bull market comes. Many gamblers has the mentality already and that's why they don't stop gambling when they're losing, they believe they can win meanwhile they forget that gambling isn't for everyone and it can't favor everyone as many has to be lose for the few that's winning to be paid fully. |
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Yes, shitcoins can do it, 25x growth is an impossible task with bitcoin these days, but shitcoins absolutely can. But high returns come with very high risk and if not riskier shitcoin investing than gambling, so this is not a good option for OP. Furthermore, even if he had more time to make that $75k, bitcoin would still not be an option. Bitcoin can offer good returns when held for long periods, but there is no guarantee that there will be only profits without risk. So the idea of investing to earn enough money to cure OP's brother is not a wise one.
I don't think it'll be wise if he invest in shitcoins, he can lose everything he has and that'll put him into depression which isn't good for his brother as he need him now than before. He shouldn't considered investment for this type of situation, what he needs is financial assistance. He should tell his story to social media and media platforms, he could find sympathy and they help him by raising donations for him. He should keep that money and use to take care of his brother until he gets a permanent solution, we feel your pain and wish you the best. He can buy Bitcoin worth $1000 and hold, it mightn't be big but if bitcoin gets to $100,000 or above this price the investment will increase and you can use the profit to keep taking care of your brother and family. Please update us when you find solution and I wish you the best. |
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Usually addicts will realize when they lose everything, for those who have a strong mentality he will get up and get out by himself but if he doesn't have a strong mentality he will definitely end his life without thinking about his future, but as a friend I still pay attention to him so he doesn't do anything that harms himself.
Not all addict realized that they're addicted, some just think they're doing what everyone else who is gambling is doing and when they have gotten to this stages, this person need help in quiting because if he continues he might take decision that he'll regret in the future. Gamblers with strong mentality can still be broken down with addiction or realization of the lost that they have had when they get their senses back. Some gamblers has lost too much to gambling that it becomes difficult to quit because when they're paying they have hope. They have hope that one day they can win and get back all the money they lost to the house but if they stop Gambling it means they have given up on winning back the money they have lost. This reason is why they keep playing without realizing they're making matters worse. |
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So my question is, is the percentage of the rich gambling lower than the middle and lower class?
Yes the percentage of rich people gambling are higher than the middle and poor class because rich people don't see gambling as a way to make money. They have investment that makes money for them so they can use money for anything they want like pleasure and fun. Rich people don't gamble because they want to make money, we still have few of them that do it for the money then as for the lower class they do it because that's the easiest way they can get money which is why we have many addicts in the lower class and they can't stop. Gamblers see gambling as a way to double their money and if they had better life's they won't be gambling. From my experience I gamble more when I wasn't financially strong than when I got a job and was making good salary. I started gambling just for entertainment and fun. |
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Those who are spreading FUDs during every halving are those people that's been left out because they are always being hesitant buying Bitcoin when it was still on the dump season. So instead of congratulating those people that didn't doubt Bitcoin, they are trying to brainwash them by feeding negative thoughts.
Is China and US governments left out of buying or they decided they don't want to be part of this but still spreading the FUDs. Not only those that didn't buy Bitcoin are responsible for spreading the FUDs as the federal government has choosen this period to attack Bitcoin. The federal government knows projects including Bitcoin will always have attention during this period so any bad news concerning Bitcoin will affect the market as investors would be scared and sell their coins instead of them to accumulate in preparation for bull market. FUDs comes and goes so we shouldn't be scared when we see people or the government trying to create fuds in the markty. They have tried it before and failed aso instead of been scared, we should be strong and not falling for their dirty stricks to scare us from buying Bitcoin. |
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Guys, I mean what other ways can newbies benefit from crypto investment without having to be a day trader or a professional trader. Because I believe there are other ways to earn aside from trading.
It's a myth as there are many ways to benefit from the industry without having to become a trader, trading is one of the ways newbies think they can because successful but it isn't as easy as it sounds because you'll have to go through many studying to succeed at training. Many traders end up disappointed after their first few weeks of trading and other traders quit or don't succeed at trading because they were after the profits instead of first learning how to trade like the professionals. Trading needs discipline but many people don't have it. You can make money by investing in new projects through the difference means like launchpads, initial exchange offering or platforms that give investors an opportunity to invest in new projects that aren't exchanges . We have some popular ones which has good reviews. |
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It is not ethical for us to fight when we gamble so avoid violence that can lead to bigger problem that can be difficult to handle. It is better for us to use our intelligence to handle the matter than to fight back or be the first to start a fight.
Fighting has never resolved any conflict instead dialoguing has, and that's the best way to go about solving any problem you find yourself a part of. You should never be the first to throw a punch as that can be used against you in the court if the matter proceed to a hearing. The only time you should be fighting is when it's in a ring and this type of fight are always regulated not like street fighting because you can lose your life or get a part of your body permanently damaged due to that fight that could have been avoided if you didn't fight. Always use your intelligence and avoid things that you'll regret in the future like fighting because fighting doesn't show strength it's a weakness. Been successful at what you do and been respected is what shows true strength, physical strength show be for the ring. |
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For those doing it for fun or entertainment they mightn't find it easy to quit as well because when they get addicted they will have similar behavior like those playing for money. They won't want to quit even when they're not making profits. Addiction is very hard behavior to quit.
You have a good point as if it's already turn into addiction so it's no longer just for fun or entertainment but most with a desire to continue playing and control is no longer from that person itself, and it's very possible as you said, when you already engage and you are unable to control yourself then it will be too difficult to quit. Yes I have seen people that started gambling just for fun and entertainment but as time went by they became addicted that they can't stop gambling even when they're not making money from gambling. They just do it to fulfill a desire in their life because of how sorrowful it is. Some gamblers gamble because it make them escape reality. The fact is that people are passing through alot in life that if they decide to tell you, you won't blame them for the decision they're making. Bars get filled always it's because people are use drinking to ease their pains. People use gambling as a solution to their pains, when they win that's the only happiness they get in life and always want to play more so they win and get more happiness then it becomes a habit and they keep playing which ends them getting addicted and hard to quit. |
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