From the last year, we experience having pandemic. Most of us right now would like to play in real-life gambling, but most of them right now are temporary close. Still, with the use of the alternative of online gambling, some of us give satisfactions to ourselves to play gambling. Still, like real-life gambling, we exchange our money for a chip. We use the chips of their platform with the equivalent value of a stable value like usd. These stats came from the google trend because of my curiosity about how online gambling becomes more popular due to this pandemic.
Within the part of July, this is the part that covid spreading and base on their trend, this becomes part of most search because the gamblers would like to find a way to gamble.
After it becomes known the online gambling nowadays becomes popular and gather more up users to their platform.
It's very interesting from a psychology perspective and definitely a rather unexpected blip - I guess all those people who used to betting in casinos, at the greyhound track or horse races instantly ran out of locations they used to regularly attend. You'd kind of expect a gradual drop off over time rather than a peak then back to normality. It would be interesting to compare it within individual countries who might have had more stringent lockdowns compared to places like India that struggled to lockdown for a long time. That should have been a great indicator to buy into casino companies at the time, but I'm not sure what the lag time is on google trends. |
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You had your chance to buy at $1.
You had your chance to buy at $10.
You had your chance to buy at $100.
You had your chance to buy at $1,000.
You had your chance to buy at $10,000
You still have the chance to buy NOW.
If you've failed all these times you deserve staying poor. No offence, but I think you had all the chances in the world. We can't make you rich by force.
It's funny to see how reckless and naive the wave on investors in Bitcoin can be. You should be very wary with Bitcoin, while it is useful for the super rich to transfer money across borders - eventually governments around the world will start to crack down on it more and more as we see with China and Russia. When it has a very negative stigma and association with criminal activity, it becomes even easier for politicians to take measures to de-anonymise it. Once the richest, who are propping up the price, stop seeing it as a useful asset to help them evade nosy officials then it will lose a large chunk of the money that poured into it. Be happy to own a little bit, but be very aware that it is a rather unproductive thing to own - compared to profit producing companies. |
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Source : https://www.psychiatry.org/patients-families/gambling-disorder/what-is-gambling-disorderIn the last few hours I personally do self-introspection and analyze these symptoms may be in myself, family or friends. and as a result there are some of my friends who do seem to have these symptoms ; 1. Should I shut up and watch him continue gambling. 2. Or risk the friendship to fall apart by suggesting him to go to a psychiatrist, because because in my place people who go to a psychiatrist are identical to people who have mental disorders. Unfortunately you can give advice but you cannot change somebody who does not want to change. Often it takes a certain self realization that what they are doing is futile and wasteful, a conclusion that they have to establish themselves in order to start on the road to recovery. Pretty much everything you specified applies to other addictions like alcohol and drugs. You can always try to explain in logical ways - like the fact that Las Vegas wasn't paid for by winners, but some people simply do not understand the mathematics behind it or will constantly chase the dream that they deserve to be the lucky one. People who do things like chase losses will often concoct some bizarre sequence that they will soon win, when in actual fact every bet is totally independent from previous bets and the odds are almost always against them. The best you can do is try to help when they want to break free but definitely do not give them cash or anything that could be used to further fund an uncontrolled habit. |
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COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
The world of Bitcoin is full of speculators and everybody had a different entry point for their trades. Just a day ago Bitcoin had wiped out all it's gains for 2021, if you were one of the unlucky ones to buy near the top or in the space between $30k and $65k then you would only have seen downward movement. $30k seems about the expected price point at present but the trend has been downward for a while now. If you are a rational new investor in the cryptocurrency space, would you really want to get involved with Bitcoin when it would be tough to double your money, or would you look for something like Dogecoin which saw the value go up by thousands of percent in the space of a few weeks? You can surely see new buyers going elsewhere, no matter how much brand reputation Bitcoin has, so the price pressure will naturally keep pushing it back down. |
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Bitcoin evangelist has always attributed Bitcoin to be a safe-haven asset, while extreme fanatics believe that Bitcoin is far better than gold. Bitcoin was born in the wake of the 2008 financial crash as a libertarian currency and as an instrument that could help cushion the event of a future financial crisis.
Since Bitcoin is purely a speculative risk asset, many people have doubted its position as a purported safe-haven asset, I am not one of them anyways. However, since Bitcoin hasn't witnessed a global recession yet, I feel Bitcoin hasn't sufficiently defended its narrative as a safe-haven asset.
As the possibility of a global recession intensifies, what's your take on the possible performance of Bitcoin? will it go down with the traditional market or will it defend its name? I am very much interested to know.
It feels like it is impossible for Bitcoin to ever become a safe haven asset, because while it has shown resilience against bugs and hacking attacks, it lacks the key ingredient of stability in the price. People who buy gold will see peaks and troughs in the value of it, however if you go back long enough then you see a baseline trend going upwards. Since Bitcoin has only been around for just over a decade, it is almost impossible to judge that base line valuation. It's hardly a "safe haven" if you buy in at $50k and when you need to go spending it, the value has dropped in half. Things like cash accounts or bonds are the real safe haven people think of when discussing secure assets that are fairly predictable even if inflation will slowly eat them away. |
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Account to the source: https://www.gamblinginsider.com/news/11906/fully-vaccinated-individuals-no-longer-required-to-wear-mask-in-vegas-casinos Fully vaccinated individuals can now play normally without any masks in the gambling casinos and at the same time it goes for both indoor and outdoor locations in Nevada. The decision was made on May 3. The Board’s agents will not attempt to confirm vaccination status of patrons. Consequently, unless circumstances change, it is not practical for the Board to attempt to enforce a mask mandate tethered to an individual’s vaccination status. As a whole the decision was made on May 13. Some licenses might be more restrictive as compared to the others. I do feel like there is another reason for you guys to be vaccinated! You can actually experience normal casinos like before pandemic if you do wear the mask and follow the protocols. Unfortunately in some countries individual freedom and cowering to those who can shout the loudest, instead of safety and respecting those who just get on with stuff in the most quietly intelligent way is how it works. There is already strong evidence from large and well vaccinated countries that it drastically reduces transmission of this deadly virus. Ironically the sooner "anti-maskers" just buckle down and work with the vast majority of the sensible population, the sooner the whole thing would be able to finish and the virus could eventually be defeated through the many scientists working to combat it. |
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1. Gambling in fact has many negative externalities. If someone gets addicted, the likelihood is much higher to be depressed. Depression is factor, which leads to high costs for the society.
2. Gambling addiction leads to economic costs because of crime actions. Other market actors have to increase their security standards, which means higher costs.
3. Many gambling addicts go as a consequence to jail. Jail means EXTREMELY high costs to society.
What are your thoughts on this topic?
There are quite a few external costs as you've highlighted and relatively few benefits, especially as winners who get lucky once have a tendency to pour it all back in. As with things like alcohol, as long as it is approached responsibly by an educated population then it can be fine. However the casinos and bookmakers should definitely play their part, by allowing people to self-exclude and preventing playing for periods of time when the behavior is erratic (such as jumping from a $10 weekly bet to a $1k daily bet). The government also needs to heavily monitor casinos as they have a long held reputation as an easy place to launder money because everyone is playing with cash. |
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If diversity is important. We should support a greater diversity of currencies and digital assets. Multiassetism. Is that even a word. Would diversity of assets fall under a typical diversification heading.
Bitcoin catering to and improving the lives of a claimed 1.7 billion unbanked demographic sounds impressive. It could mean crypto carries a potential to help the average person living in poverty more than all of the charities in the world combined.
Without applying effort, already we can see there are positive angles to bitcoin and crypto which our media neglects to cover. Without venturing into bitcoin being one of few inflation protected assets which are accessible to lower income brackets.
Isn't it strange how emerging trends and technologies which elevate our standard of living are discouraged, attacked and crashed by special interests. While technologies and trends that have the opposite effect are endorsed at high levels. Some pride themselves on believing crypto to be unsafe. But with endorsement trends at high levels falling against the self interests of many. Perhaps there will be no safer ground to be found.
What seems to be missed in all the hype and talk about holding multiple assets is how much of the world is actually in debt. Holding a single asset outside of debt, outside of a property, is often too much for most people because life can be such a struggle and pay is low. For those people who can afford to scrape together some form of savings they need to give extreme consideration to how they invest that money because it can take a long time to earn back. That is why the safest place for money is in productive companies and buying into index funds. Cryptocurrency should only make up 5-10% of any portfolio and when you add on exchange fees, that could be a while before it is even worth buying into it for the average person. Bitcoin actually has much less growth potential for an extremely high risk compared to some other crypto around. |
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Quote - “Historians will write that China had a majority of hashrate within their geographic borders, yet they made decisions that pushed that hashrate into more democratic and capitalistic societies. Just as North Korea chose to embrace the internet only for the elites, China is making a similar mistake here. As if that wasn’t bad enough, China’s plan for a nation state digital currency is similar to North Korea’s internal “internet.” As we have discussed over and over again, open systems beat closed systems. The Chinese approach of banning an open monetary network in pursuit of a tightly controlled monetary system is unlikely to be seen as an advantageous strategic move for their citizens. But just like North Korea, this decision will be helpful in continuing to consolidate power and ensure the longevity of the dictatorship.” - Anthony Pompliano
The Chinese government wants the Yuan to succeed over all else at the end of the day and they were content to ignore Bitcoin while it was earning them a fair chunk of cash. More recently the cash it has generated has been offset by the bad reputation for dirty fuels used to power the miners and there is little more important to the elites at the top than "losing face" among the world. Bitcoin is pretty insignificant compared to the actual fiat currencies that are in use and getting traded around the world each day - it has become simply a commodity hoarded by the richest to aid diversification within their huge portfolios. The sort of people sitting on large amounts of Bitcoin right now are the billionaires who buy football clubs and mega-yacht's - that money doesn't mean much to them as they will earn in back with little fuss in future. The Chinese government also doesn't like the idea that CCP officials or rich business people could be smuggling money out of the country in many ways undetected. |
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Apparently according to a recent news the Gambling Casinos in Vegas are going to allow Cannabis Lounges. In Nevada it's not restricted if you do it in your own house. https://www.gamblingnews.com/news/vegas-nightlife-gets-more-colorful-with-cannabis-lounges/ What do you think about it ? - I do think that this is a step taken by both casinos and the government to ensure that people loose more, so that they do not care about what they are doing and at the end both the casinos and the government will make more money this way. I surely think that this might not be the way to go, alcoholic drinks are served in the casinos for a reason. I do think that this might be a "happy news" for most people but at the same time you should realize that this is something that will drastically reduce your chances of winning. It seems inevitable when Cannabis was legalized in Nevada, however I think it should be reserved for dedicated sections of the casino and cut off from the non-smoking sections entirely quite frankly. Cannabis can have a very potent and upsetting smell, which might not be welcome even by standard tobacco smokers. I wonder if they will start handing out free joints of weed instead of alcohol to keep people sat at the table, as it still has the tired effect of making the players dopey. As you say, serious players who are playing games like poker to win would be best to stay far away from intoxicating substances like this. It has a much more damaging "second hand" effect and frankly it'd be advisable to steer clear of any casino that allows cannabis smoke to circulate - it doesn't stop having an effect when it is exhaled by the smoker. |
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In 2007, Jeff Bezos, then a multibillionaire and now the world’s richest man, did not pay a penny in federal income taxes. He achieved the feat again in 2011. In 2018, Tesla founder Elon Musk, the second-richest person in the world, also paid no federal income taxes. Michael Bloomberg managed to do the same in recent years. Billionaire investor Carl Icahn did it twice. George Soros paid no federal income tax three years in a row. It is kind of sad how far America has let itself fall. Capitalism is the best choice, but it has to work for the benefit of the whole society because huge inequality just breeds resentment and anger. Sadly instead of paying their fair share - the super rich of the world hoard it, hide it and pay people to make laws that will protect it from a wider benefit to the average person. America is one of the biggest banking privacy havens in the world after they have forced other countries like Switzerland to divulge client details for catching tax evaders. Instead of using their huge might for the good of the world they have simply bullied the money from smaller offshore banking havens into their own banks while protecting the abusers behind it all. All these billionaires should be ashamed of the wealth they are sitting on instead of helping the poorest of their country men and women. |
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Newbies do not panic, china have banned crypto up to 5 times since 2012 already and look around you, all those countries that put ban on crypto are the ones with people buying crypto the most, for example Nigeria and india there is no reason to panic because of China ban, also I would like to tell you guys that BTC have died too many times before, this is a prove that crypto is here to stay
You haven't provided a shred of proof, just more speculation for the bonfire. A common theme for stock market "traders" is past performance is not a reliable indicator of future results. It is also wise to be careful between conflating the future of Bitcoin with the overall future of crypto. The blockchain in particular has a bright future as a technology, but there may be many iterations of cryptocurrency before one is found that can satisfy worldwide demand sufficiently. The cap on Bitcoin is actually a hugely limiting factor on it's future success and the fees are actually a barrier to widespread regular usage, even though they have come down with successive patches. |
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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...
At the end of the day casinos and gambling is a form of entertainment if done right. Just like going to the cinema, skating an ice rink or racing go-karts. It has to pay at least the same amount as any other business and should maybe subsidize extra policing (entirely outside of their control) and social welfare programs (for problem gamblers). It should get no special treatment and might actually be subject to much more stringent financial checks because it is an industry that easily has the capacity for "cleaning" dirty money that criminals have acquired. A balance where the casinos can operate profitably but not so punitive that it drives the industry underground. |
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i have previous play at betcoin they accepted use of VPN they paid but betcoin no longer accepted USA player even with VPN.
Can anyone tell me what other legit bitcoin casino that pay fast and safe thx
I'd recommend checking out Sportsbet.io depending on the type of bet you want to play. They have sports, esports and a pretty big casino. I've played with them using a VPN before but there is always going to be a slight risk that any online casino will ask for KYC information and they might seize your winnings based on your documentation. You're best off trying to find a casino within your country (if not the USA) and that way it is less likely to cause problems down the line. If you give an idea of where you are - like Asia, Europe, Africa, etc. then it might help narrow down the options available to you. |
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1. Scammers send you a FAKE Ledger device 2. You plug it in, setup your wallet 3. You send your funds to the FAKE Ledger device 4. Hackers steal your money from the FAKE Ledger device The user didn't receive a replacement. He just received a FAKE Ledger device. Obviously not from Ledger Labs. That has got to be the most sophisticated scam attempt in the history of Bitcoin so far. They have gone to extreme lengths to produce copies of the original product, even down to the level of high quality instruction manuals. You have to wonder if this is somewhat of an inside job by the original factory who had an idea to make a bit of extra money. Perhaps the leak revealed large sums of Bitcoin that were under the control of some ledger users because there is no way that a scammer would go to such extents without thinking there was a huge potential payout available at the end of it all. |
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So that would make total supply around 16 million BTC. Some of these have a private key that is encrypted and the password forgotten, whereas others have lost the private key entirely, like the hard drive lost at the rubbish tip in Manchester in 2013 with a key for 800BTC on it. So the former will eventually be able to be brute-forced in coming decades when quantum computers can be accessed. But the lost keys are lost forever.
Wallet files are usually encrypted with symmetric cryptography like AES, so quantum computers actually won't be able to help a lot here, but a growing speed of regular computers might do the tricks, although it's hard to predict how many decades would it take to crack 128-bit AES. But I would assume that most coins are lost in the second sense, with no encrypted file available, because that's what happened in early days - files were lost with OS reinstalls, hardware got thrown away, etc. A lot of the research around what could be cracked by quantum computers comes with a great unknown. It is definitely possible to a powerful enough computer would be able to crack any type of encryption because the amount of calculations it can undertake in a short space of time is staggering. However I'm not sure by that point it will be much to worry about, because it would make all kinds of essential services and financial systems vulnerable so nowhere would be safe. Ultimately some sort of failed-attempt time delay and two factor authentication system would need to be added to a cryptocurrency wallet to avoid such attacks. |
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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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