What do you think of an AutoDeduct System of a Gambling Platform? Says you just connect your wallet like for example on a Dice Game, then it will just roll itself everytime it sees some funds on your wallet whatever coins it was until you are left with Zero ( Funds withdrawn or Funds gets Zero?)
I just have think of this as LOTTO ( site : lotto.finance) is implementing this, and one way to get out of that is to either wrapped the tokens or bridge it on another chain, do you think its reasonable not to have a stop button to exclude your address once you don't want it anymore?
I guess it could work for a low intensity game like a lottery, which might be run once a week but I definitely wouldn't do it for any other game type like dice. Certain games are naturally weighted to give the house a small edge which over enough time would drain every satoshi from your wallet. I guess the advantage you're looking to get it is holding the funds in your personal possession rather than preloading an external wallet which might be vulnerable to getting hacked? However if the external site got hacked then it is very possible to auto-deplete functionality could be overridden and drain your wallet in just the same way. It does seem like something that might be useful to build into a new type of token or cryptocurrency as you say - scheduled payments. |
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Mafias Most Wanted Fight Fixer - Charles Farrell - https://www.youtube.com/watch?v=0DIX9ZvDkFcthis is just an interview of this man named Charles Farrell whom he claimed to be a fight fixer. he is there to promote his book "low life" which is about this mob who arrange some fights which they bet and the boxer they'd be rooting has to win. so they'd be talking to the referee and the boxers secretly like thugs. interesting discussion actaully. and it's funny somehow. he is now retired but he gave an example of a fight that he thinks was a fix fight particularly the match between Pacquiao vs Bradley and he says here that in the mind of Pacquiao was that everyone can see that I will win this fight so it's not going to hurt him. Manny will still be the best money maker after this loss. It does mean like Manny was also being arranged. all i can say is that Mayweather vs Logan must be a fixed fight as well which everyone won. Mayweather didn't get the loss record and also Logan but everyone got the money and most probably the Mafia as well in sports betting. It does sound like we can analyze how they all work base on what we could observe. should this be a big win if we pick DRAW for the exhibition fights? sadly we can't see listing of them in crypto sport It's always fascinating getting a brief glimpse of the underworld and it most often comes after the people involved no longer have anything left to lose. In this case the guy is retired and probably has enough money to live the comfortable life he wants. It goes to show that even at the very top level of sports that it can be fixed in different ways, who knows if the fighters are involved when the judges can be fixing the scores regardless. There might be multiple different levels to it and it could change in-play based on fighter performance or signals. Lots of money is paid to host events with these fighters, so if the organizer was able to somehow rig it (much more acceptable in "friendly" matches) then they could recoup huge costs. |
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CAVA sounds a lot like KAVA which is a genuine finance/lending/borrowing crypto project. So this itself is a red flag for me, because CAVA seems to be banking on KAVA's popularity. Further, the logo is a dog which looks like it is trying to copy dogecoin. It just seems to be gaining on the popularity of other blockchain projects.
While the project does seem novel with involvement of charity, I would really not claim it a moonshot since there are many blockchain projects working on charity and this is nothing new.
Everything you say is true, however it is worth considering that it's getting harder and harder to come up with original brand names these days. It can be two business founders that have never heard of the other, may live in different countries and it could have totally different meanings in other languages. Every altcoin is banking on the popularity of previous blockchain projects - the original and greatest will always be Bitcoin. I'm actually skeptical that involving charity is necessary, as it seems to send mixed messages on what it will be used for and sometimes sending money to charities can be abused. A cryptocurrency should not include that, it should instead be purely built around business or personal transactions, with the owner donating entirely separately as they choose. |
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Stocks crypto and all others are just the one way how to take your money.
Add there the fear of inflation and You get the perfect combination of greed and fear how 80% Will lose all.
If You are newbie Welcome to lose Money the news the fuds are designed perfect ways for You to lose Money.
Its just one way how to take your Money so that You Will Work More hours and cheaper salary for those who Got Money from You.
The profit does Not happens automaticly You need to Know what You are doing.
But all to say the whole point of the markets is to take your Money from You.
You clearly have no clue what you're talking about, especially by mixing stocks and crypto together. Crypto is a new form of currency, but it's only value is the trust people place in it to hold or increase that value. It has a high volatility and you have a reasonably high chance of losing money. Stocks on the other hand are just a small slice of ownership in a business. There are businesses out there like Coca Cola or McDonald's that have a history spanning many decades of reliable sales - if you but a share in this company you become a part owner and get a portion of any profits it. It either pays you money each year from the profits or you hope re-invests any profits wisely making the whole company (along with your share) worth even more. |
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Right now freebitco.in is the only casino I know that doesn't ask for any KYC. The casino in my signature is also not famous for asking KYC but they still have it in their ToS if I am not wrong which means they can weaponize KYC when it is necessary. (not saying they do or they will. They can though)
I don't know why crypto casinos want a license neither. freebitco.in has no license and they have been doing just fine.
That's just flat out wrong. There are still a lot of casinos out there that implicitly never ask for your KYC. Bitsler, roobet, duelbits, you name it. Sure, they have the final say when it comes to whether you get KYC'd or not, but isn't that every single casino that you play on (including freebitco.in, which has atrocious odds)? Unless you play on a decentralised betting exchange, which is not yet fully popularised, I don't think you can ever escape this inevitability. This risk of AML protocol has to be accepted on any central platform. To be honest, if you want to gamble you're much safer if you find an online fiat casino that is regulated within your own country, otherwise they can put up all sorts of walls to getting your funds and online cryptocurrency based sites are constantly under attack by malicious people who want to steal it all. Unlike a bank if hackers find a way in, they need infrastructure to get the money out which is just as difficult. If a hacker manages to get into a Bitcoin wallet owned by a gambling institution, they can move it instantly and with no way to get it back, after that there are numerous ways for them to launder it so the trail will go cold.It's no wonder all these ransomware attacks are so successful, because they're able to extract near untraceable rewards. |
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As technology is advancing I feel life should be getting easier since automation has taken over manual labour taking up repetitive tasks and executing them all at once. Are there games that pays it's winners in Bitcoin or online games where one can stake Bitcoin.
I'm been curious because I feel life should be a bit more easier at this point and earning shouldn't be by much manual tasks anymore since everything currently on the planet is digital. I have seen a whole lot of Crypto games online but I'm been scared of been scammed or wasting my data on fake games.
I stumbled on this few games and I don't know how real the may be so I decided to share it with my fellow gamblers so as to get good guidiance on how to go about online games where one can earn real coins be it altcoin and Bitcoin
I don't understand what you're asking as you seem to jump between a couple topics? Unless you're somehow talking about game streamers or competing at the top of high level esports competitions, why would anyone be paying people in order to play games. If you are asking about where you can stake money in a casino or sportsbook, then just go one level higher within this chain of message boards and you'll find hundreds of different gambling sites that accept and payout in cryptocurrency. There are a couple weekly competitions out there where you have a chance of unlocking Bitcoin free bets through predicting outcomes correctly - Try Sportsbet.io with their 2 competitions (4-3-Free and 6-Free?) |
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Mayor Francis Suarez told CNBC that Miami is working to lower the cost of electricity in order to entice bitcoin miners to make the move to Florida.
Suarez is looking to patriate China’s mining diaspora by promoting the city’s essentially unlimited supply of cheap nuclear energy.
Unless Miami is able to cover half the state in solar panels and somehow pay that off dirt-cheap then it simply does not compare to what they can find elsewhere. Hydro-electricity is currently one of the cheapest forms of energy production with few ongoing costs beyond construction. When China allowed it there were miners making many millions from certain dams and their costs were insignificant. Miners have so many other places to move to before they ever consider the vastly expensive US energy prices - other parts of Asia, South America or even massive solar farms within the Middle Easy would make way more sense. It is a publicity gimmick by a Mayor with little knowledge of what is required. |
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As my opinion market is to much boring  due to G7 summit, I think whales are not interest to take any action at this time, Market can show us more activity after ending G7 Summit. ------------------ What's your opinion as current market situations ? -------------------- Traders make the most money in volatile situations, however it is not necessarily a good thing for the average investor in Bitcoin. A proper long term investor in cryptocurrency should be happy with a modest gain of 10% which is above what you'll find in the stock market and far above what banks in most western countries are offering in interest rates right now. Day trading leads to extremely dangerous behavior and often causes large sell offs when people panic. The only people making money consistency in those situations are large scale investors or banks who have built up strategies with deep knowledge banks. They're moving millions in and out of the market every day when they see patterns - either find the patterns or you'll end up gambling. |
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Why??? Why would anyone play on these when there are eur and usd casinos and poker rooms?
I try to move money to Coinpoker.com or any crypto poker and the minimum transaction fee for btc is over 20$ When my intended deposit 20$.
After the fees to get money on crypto poker my remaining balance is 0
While when you do usd or eur there no big or no fees at all and the deposit is instant to while crypto not.
Burn down bitcoin!!!! It's the worst useless, inferior shit you can imagine, how did ever get a market value
You need to start finding and playing at casinos that offer Segwit wallets instead. They offer much lower transaction fees when moving between wallets so you shouldn't take a hit. Sticking with Bitcoin casinos and sportbooks that do not have any fees or minimum amounts to access your funds is also essential but there are plenty of review sites around which can help you with that. It might be worth exchanging your bitcoin with some other cryptocurrencies that are cheaper, have higher overall quantities available and thus have lower fees involved. Try Dogecoin or something similar. |
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As you know, recently BTC has been volatile and has caused many losses, a large amount of money has been withdrawn from the crypto market in a short time, if I am correct, it is 2 weeks. It was me who suffered quite a heavy loss when my investment fell 75% compared to 2 weeks ago  It's the reason why I feel depressed and want to find games for fun. I also declare that this article is not for advertising purposes, it is for sharing experience  There are lots of games out there that you can play for fun and are totally free. If you're depressed at losing money, I'm confused why you would seek out other ways to lose money that give you the tiniest potential odds of winning something back? Maybe you should take a break for a while, rethink what caused you to lose money investing (lack of information, too much too soon, lack of diversification, adverse news) and see whether you think it is possible to refine your ideas. All the best investors have lost money while learning their art, however they did not seek out foolish ways to hand out money afterwards and you would be wise to control any urge to splurge. |
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So. I heard recently from one of the few more level headed crypto youtubers. "Buy the hype, sell the news" or something. Basically she predicted the SNL doge crash. I wish I had watched that video before hand. But that's a new golden rule, buy, then before the news/expectation that it will pump sell.
One thing I know is never sell at a loss? Maybe? Hold like your life depends on it.
Any other golden rules I should know about? I constantly hear about everyone making great gains but I never seem to be able to.
That saying has been around for 50+ years, it is not in any way new. The reverse to that particular quote is "If it's already in the news, you're most likely too late". The best traders are super flexible with their rules, they learn their trade and one part of that is adapting to new information constantly. One thing that worked for you for a long time may suddenly stop working, at which point you need to figure out why and whether it's possible to optimize your strategy or abandon it for the next big idea. It is very foolish to say you should never sell at a loss and can end up losing you a lot of money. For instance I bought into a company share at around 2.50, got fed up with seeing how poorly managed it was, so exited it at 1.50 and resulted in a nasty 45% loss. I accepted that and am happy that I got out at the point. It then proceeded down to 0.20 which could have resulted in a 90%+ loss and I very much doubt it will recover for over a decade back to the original point. |
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Is 75$ discount in presale of a project way too high? What do you think will happen to such project giving away too high discount for a presale? Will this cos huge dump or you've seen projects that survives after such massive discount
You are being far too vague. A $75 discount on what? $100 worth of tokens or currency? That'd be a 75% discount and highly suspicious on how much the actual cryptocurrency will end up being worth in the market. However if it is a $75 discount on $7,500 worth of cryptocurrency (which you should never be buying on an unproven project) then that would be a mere 1% discount to the price and probably not even worth consideration. It is all about context and discounts should really be irrelevant if you believe in the long term purpose of what you're actually investing in. Consider them a pleasant bonus but meaningless to the potential profit you see - they will only ever exist if you're able to cash them out. |
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1. Warren Buffett doesn't understand technology
2. Donald Trump clearly said that Bitcoin is a risk to the USD
3. A lot of rich people(or people in general that aren't poor) think Bitcoin is unnecessary because they're privileged. They think Bitcoin is unnecessary because they're and their country is doing fine (at least as of now); completely ignoring other people living in communist and far more corrupt countries.
I feel a little bit of jealousy and envy comes into play with Warren Buffett. He derides stocks that he doesn't care to learn about and seems to be content being stuck in a timewarp. It is one thing to specialize in a certain area and he has done very well by sticking with his array of large companies for Berkshire Hathaway, but it is a bit sad to hear him and Charlie Munger deride stuff they don't understand. Bitcoin and cryptocurrency more generally is going to heavily impact Visa and American express - two companies that they have a large stake in, so there may be an ulterior motive to them talking badly about Bitcoin. They don't like that another technology could potentially undermine two of the biggest financial companies that they have a large stake in. |
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I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.
Now I'm wondering, does implementing a tax on a gambling platform will really help a country?
- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?
Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...
- Certain countries do not tax winnings, I think this is a fair approach - tax the company running the show and making the the vast majority of the profits, do not tax the winner who may have stacked up many losses up to that point. Every country needs taxes to keep government and services running for the benefit of everyone, I don't see why gambling institutions should get any special treatment and they can actually be detrimental to society (creating addicts) so may be required to pay a premium for the extra burdens they create compared to say a company running nursing homes. - Maybe 5-10% over the standard company tax rate, as previously described they are a bit of a negative drain on society - doing more damage than providing positive benefits. - Casinos and bookmakers are money making machines, people are generally rubbish at properly determining odds but their ego thinks otherwise. Casinos with their fixed payouts and bookmakers with decades with of historical scores to go on will almost always have an advantage over normal players. |
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20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule. In a bid to raise cash for the financial year amid the struggles caused by the Covid-19 pandemic, Treasury Cabinet Secretary Ukur Yattani has reintroduced the tax, which was removed by President Uhuru Kenyatta in July last year.
“Excise duty on betting at 20% of the amount will be wagered,” said Yattani, which would mean that the amount would be levied and passed on to a person who has won on a bet, which according to Yattani would also help discourage betting in the country.
But AFC Leopards chairman Dan Shikanda and Gor Mahia chairman Ambrose Rachier argue that the tax will negatively affect betting companies supporting local teams and lead to the withdrawal of their much-needed sponsorship.
Both Shikanda and Rachier explained that betting firms have consistently supported football in the country, cumulatively delivering Sh1.6bn (US$14.8m) from 2016 to 2020, and therefore should not be punished through stricter tax measures.
In the statement, Shikanda and Rachier said the return of the tax would cause current league sponsors BetKing to withdraw their sponsorship, explaining that the excise tax was one of the reasons why SportPesa left the Kenyan market in 2018.
“The enactment of the 20% excise tax will unequivocally rule out continued sponsorship of football clubs across all tiers (National Super League, Division 1 and County Leagues), with the net effect of rendering the operations of most of the league teams unsustainable,” the joint statement read. Now this is not just : Unsustainable and unreasonable but according to them "ill timed", their whole sponsorships will be effected. This high taxation will also cause gamblers sore. During pandemic the gambling is a huge income source for them and the government alike. Therefore I do believe that either they should have done it slowly or done it after the pandemic. They are now asking the government to reconsider it. {This is exactly the kind of news we need because this shows how the democratic countries can move forth and oppose such things, not always the tax is legit if served by the government during such times} What do you think ? The funny part is the average person thinking that these people are in any way helping society. The world would be a much better place if every country around the world had identical tax laws and the millionaire/billionaire owners behind the biggest companies in the world were not able to hire teams of lawyers and accountants to figure out every loophole imaginable. Society loses every time these jackals and hyenas are able to burrow away ever more of their gains, inequality keeps on growing and democracies become ever weaker in the face of walls of money. Tax most definitely should be fair and capitalism is a good thing, but it needs strong regulations and politicians who can out-think the lobbyists sent to corrupt them against the public good. |
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At present, the market value of Bitcoin has returned to more than 46%, which is a sign that the margin ratio has decreased, the bubble has burst, and the market is accumulating power.
And I think we are currently in a century-long bull market in Bitcoin. In the short term, we are in a technical bear market after a major correction.
I think that meeting two conditions can determine that Bitcoin is in a bear market. 1. The price of Bitcoin must fall by about 80%, and the high point created by the bull market cannot be broken before the next cycle. 2. The lowest price in a bear market should not be lower than the highest price in the previous bull market.
You have to wonder what the end purpose of Bitcoin will be and whether it will sustain through time. Gold has been a store of value for centuries now because it allows physical storage. It can be stolen, but it can also be guarded and hidden. Bitcoin has a bit of a weakness in that area - computers are hacked all the time, exchanges vanish and hard drives containing wallets can fail. All of these things will contribute to an ever diminishing pile of available Bitcoin, so it actually becomes less functional for its original purpose over time (as a form of currency). The super rich people finding it a convenient tool to send money over borders might become more isolated as regular low-level buyers diminish and anonymity fades - by which time they might start moving on to more liquid substitute cryptocurrencies. I think cryptocurrencies will survive and Bitcoin will always be the original, but it might not reach much higher in value. |
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While I do agree with some points that you raised, I do think that the Martingale system works for some people but its main purpose is not for profit, but for the realization of a quick recovery from losses.
Realistically speaking, the Martingale system requires a huge amount of capital in order to at least work because it will definitely eat a chunk of your money due to its exponential growth bet per bet. However, what separates this system from other systems is that the recovery that you made after a losing streak can be gained after a single bet. Some people use this system as a 'hail mary' kind of shot where this will be their last resort.
What is betting for if not to make a profit? It certainly isn't the pleasure of losing and it seems a bit naive to claim otherwise. Only a gambler who has lost control of all sense and reason (or maybe never had it in the first place) would see chasing losses with ever increasing amounts as a viable strategy. Due to the very nature of gambling you could easily string together many losses, but it becomes increasingly more unlikely that you will be able to keep doubling your bet before you reach an eventual win. Just like in stock market terms when discussing short selling or other leveraged contracts - "the market can stay irrational longer than you can stay solvent" is pretty much an identical case. There are also limits on the size of the bet that a casino/bookmaker would be willing to accept which would cripple the whole thing at the top level of play. What if you lose a $1 million bet and the house won't accept a $2 million bet for any number of reasons? |
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besides I think all outcomes have a probable chance of coming through?
That's the very nature of statistics and analysis. If you flip a coin a hundred times, it might land 55 times on heads and 45 times on tails. However if the coin has no other flaws and is equally weighted on bother sides then the sensible person would understand the most likely result for the next 100 flips is a 50/50 outcome split between both options. The most dangerous (to their own wealth) type of gambler is one who doesn't do any research, because while they may win one great bet against the odds, the bookmaker/casino knows that they will return to make many losing bets. Another dangerous habit is getting the mindset that past bets are in any way linked to future bets, they are entirely independent - just because you lost by choosing black 5 times on a roulette table, doesn't increase the odds of a certain color coming out on the next go. |
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He said, Money is still money, but the technology for transferring it is improving.
It makes sense.
Because metal coins were used in ancient times. Then over time it turned into paper. We are currently living in the digital world. Now with the advancement of software technology, people no longer have to keep money in their pockets. It has reached a stage where billions of dollars can be kept in a single account through software alone.It is a security dependent and does not require losing money or any information.
Its name is Cryptocurrencies. It will be called the present and the future.
Thanks to all the Bitcointalk members whose discussions have made cryptocurrency so advanced today.
It's funny really because if all the conversation around energy consumption is true then it's actually a step backwards. He is actually a terrible hypocrite really, because anyone who has used Binance recently will know that the fees to move currency out of their wallets are extortionate - fixed price and not updated for months after the value has moved massively. I remember paying something like $27 to move out around $100 worth of Bitcoin. Visa/Mastercard/American Express are actually miles ahead with lower fees, the only "downside" is they cannot be used anonymously because their is always a paper trail back to the source (required to prevent money laundering). |
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So my wife and I started buying bitcoin a couple of months ago, and as of right now we're the proud owners of 0.4 of a bitcoin.
Since everything is so cheap right now, I want to invest some more of our savings before things pick up again.
Should we just be focusing on BTC, or would we be better off diversifying (maybe Etherium?).
We got into crypto in order to help us own a house and be able to be semi-retired within the next 10 years, if that helps.
Quite simply what you're doing with your money is very dangerous. A wise investor would only be placing 5-10% of all their assets into crypto, as it is extremely volatile and relies on selling to someone else at a higher price. We've already seen in the last month the price has lost over 50% of it's value with some claiming that it could drop even further in future. At only 11~ years old it is very untested compared to other assets like commodities and stocks. If you pick the right stocks you can even earn a dividend, so you get back a chunk of your money each year if the company decides to pay out a portion of their profits instead of re-investing. Keep about the same amount in ready cash as well, which might get slightly eroded by deflation but have a plan to use it again when the market crashes in your favorite asset. |
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