Di limited supply of Bitcoin mean say e no be like fiat wey get infinite supply, di limited supply go make sure say di value go still de go up. If Bitcoin get infinite supply dat one go mean say e no go de necessary to hodl am because people go get di mindset say in di future di value go reduce, unto say e go become common and ordinary asset.
Di reason why gold and diamond still get high value till today be say dem de scarce, if person de dig gold and diamond for gutter everyday e no go get value again. As some experienced members don emphasize for dis thread, e no de necessary say person must get up to 1 Bitcoin in the future when di price go de higher, dat na why we get Satoshi, wey be units of Bitcoin. One of di best features wey make to be a store of value na because of di limited supply.
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I firmly believe that KYC has come to stay in the gambling industry, every reputable casino and bet companies will demand for it, so that people and governments will not point accusing fingers at them for aiding money laundering. Many gamblers will prefer anonymity in their gambling but because criminals are using gambling accounts to facilitate money laundering, every genuine gambler needs to understand that it has become necessary for them to submit KYC to help mentain the sanity of the gambling industry. Now criminals have fewer options to launder money, so despite the odds of submitting KYC, it serves a greater good.
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Our reasons as to spending from reserved funds shouldn't be for fun or enjoyment purposes so when a more pressing financial need strikes we should be able to afford it and not cater on how to raise such an amount of money.
Bitcoin investment no mean say person no go plan to enjoy himself, afterall di main reason wey we de take do investment na to enjoy a better life for future. Di solution to not spending money anyhow na to get budget for your income, you need to get plans for every expenses wey you go make so dat distractions no go enter, anything wey no de for di budget no go follow for expenditures. So person fit to make budget once in a while for fun and enjoyment because all work and no play no good for mental well-being. Competition no de for Bitcoin investment, person go accumulate and hodl as im power reach from di budget wey im map out for investment. Di most important thing na to comot money for di basic needs of di month, save some money for miscellaneous and emergency expenses, den comot money for your Bitcoin DCA method. Once in a while if no emergency expenses happen, then e good to take di money to entertain yourself, afterall na you work for am.
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Whether they're built as web3 casinos right from the start or they're integrating web3 features to their existing platforms, these casinos need license or registration at the very least to be able to operate legally.
That itself is enough to take this "anonymity and privacy" thing with a pinch of salt. To operate legally means they're bound by certain regulations. They cannot insist on "anonymity and privacy" when the regulating bodies to which they're accountable order them to implement KYC/AML policies. We have to remember that these web3 casinos are still private centralized companies. They toe the line or perish.
I don't think that web3 casinos can achieve complete anonymity for their gamblers because I doubt that any government will allow it, they'll always require some sort of KYC to monitor money laundering activities through them. I always wonder how a private or centralized establishment can successfully run a business that will guarantee anonymity for it's customers, so I think that there's no way that a web3 casino can fully attain complete decentralized status. We'll just wait and see how the innovations of future gambling through web3 casinos will fare.
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Some meme coins always do really well in a bull run. The difficulty is trying to pick the right ones because there are so many. It’s easy to pick the wrong ones & end up getting REKT but if you pick the right ones you can make life changing money. This is the game we play though, it’s live or die.
There are too many memecoins in the crypto market and it can be very confusing to make a pick from them because there are too many scam projects, so it always comes down to gambling your funds. I don't think that research helps much when it comes to memecoins because the ones that comes highly recommended might not live up to expectations and when you invest and lose your money, I doubt that you can hold anybody responsible. Apart from reputable memecoins like dogecoin, Shiba Inu and pepe, most of the rest are gambles, just make a pick, invest the amount that you can afford to loose and don't hodl for long term. They can give you massive profit on the short term and they can also sink with your funds, so know your risk tolerance before buying memecoins.
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What's your opinion about this please?
It is common in my country for people to blame demons for their mistakes, carelessness, foolishness, and mediocrity. When criminals are caught they always blame Satan for pushing them to engage in the crime. If you were oppurtuned to know this man's gambling history you will be surprised that he was a careless gambler who never took any precautions during his gambling days. After he had lost so much, he would generally blame demons. His claims are false because it has no scientific or even religious backing. This mindset is one of the superstitious beliefs that people blame after they have failed to do their homework. Anybody familiar with gambling will know that the house has more advantages and if you are not comfortable with the area arrangement it will be better to stop gambling than to blame demons. It's easier and more convenient for people to blame others, circumstances, devil, demons and the universe for their mistakes and wrong decisions. The old man in the story was probably an irresponsible gambler or an addicted gambler, so it was easier for him to blame the devil and demons for his failures in gambling. We should know that we're responsible for our actions and neither God or devil can make our decisions for us, so people should stop blaming devil and demons when they lose in gambling because they're the ones that chooses to gamble, knowing that they can either win or lose. The assumption that gambling is from the devil or inspired by him is baseless, just like some people in my country will tell you that very rich people are in secret societies and it's devil that gives them riches, they're all assumptions of the poor..
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Anybody that hodl Bitcoin, legitimately don't have anything to worry about, it's not a criminal asset and that is why it's adoption is increasing everyday. Many investors have hodled Bitcoin for years and they've never had any issues with the authorities, so the lady that was convicted in the OP Link got into trouble because she used Bitcoin for money laundering which is a crime. Bitcoin is a decentralized digital cash that anybody can hodl, both the innocent and criminals, so when the criminals uses it for money laundering and they get caught, they pay the price for their criminal activities which has nothing to do with those that hodl it legitimately.
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I really feel sorry for the guy in the OP that lost his life's savings in gambling, his story should be a lesson to every gambler that thinks that gambling is a get rich quick scheme, they'll end up becoming addicts and broke. I'm glad that he has realized his mistake and is getting professional help, hopefully he'll come out a better and more responsible person, hopefully to quit gambling or learn to gamble with the amount that he can afford to loose. I think that he'll lose more money if he goes ahead to involve a lawyer because the casino company will ask him that if was winning instead of loses whether they wouldn't be paying him. Let him minimize his loses and move on.
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This kinds of stories na im de give people bad impression about Bitcoin, dem go de reason say di decentralized digital cash na for money laundering, meanwhile dem go forget say most criminal activities na through fiat currencies dem de occur. I de glad say our police do dem work well by apprehending di ungrateful boys, atleast people go understand say di purpose of Bitcoin for di crime na just a means of payment, no be say Bitcoin itself na criminal cryptocurrency.
I know say di negative perception wey many people get about Bitcoin wen e first come out don change because di awareness and adoption de increase everyday for di country. No matter wetin person wey introduce you to Bitcoin tell you, you suppose DYOR because na money matter
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Do you have a habit of tracking your gambling progress?
I’m not sure either if tracking is still advisable while most of the casino already have loyalty page to track your total wager volume and stats on your casino account. It will be very painful to track progress if you are frequently losing than winning. This might ignite too a more chasing losses in the future so I really suggest to don’t do it in regular basis. I don't really see the point in tracking gambling progress because in the end I doubt that the gambler will be delighted with the results. It's a clear fact that people lose more than they win in gambling and checking their progress will be like counting their loses, it's either that they will embark on a quest to recover their loses which can lead them to becoming addicts or angry with themselves for indulging in gambling. So it's not advisable to worry about the progress of gambling to know how much you've put in and what you've profited or lost, unless you're a professional gambler. Best approach for people that gambles for fun is to do so with the amount that can afford to loose.
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Receiving salaries in cryptocurrency is worth it because it doesn't have any boundaries and the receiver don't have to worry about the location where they receive it. It's true that cryptocurrencies are volatile and a crypto like Bitcoin, is best to hodl on the long term, but the receiver will need money on the short term, that is why I'll prefer that they receive salaries in stablecoins.
With stablecoins a person can budget their salary, the ones for expenditure can be converted to fiat and the one for long term savings or investments can be converted to Bitcoin. Also Bitcoin is a good option to collect salaries with, it's a digital cash for payments and an investment asset that is a store of value. The holder can convert Bitcoin to stablecoins for short term savings and some to fiat for payments where they don't accept Bitcoin.
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Do you think having a casino or any gambling center close to an institution of learning, will influence the students somehow or should I say be a positive or negative reinforcement on them, in anyway?
Thoughts?
Actually in our current age, I see most youth/students betting online while though having these center's will even influences more others to gamble since they can physically meet like minded peers. In this internet age where we have online casinos, students and anybody else doesn't need physical casinos to gamble, they only need a smart phone to do so. But if these physical casinos and sports bet shops are situated near institutions, it'll help to influence more students into gambling, even those that are not into it can become curious and want to experiment what it feels like to gamble like fellow students. I think that the main reason why physical gambling establishments are not supposed to be near schools is because majority of the students are not financially independent, they depend on parents and loved ones to cater for their financial needs. In that regard anything that can distract their attentions to spending money that is given to them outside of their studies should be discouraged.
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Any positive activities or challenges to keep us occupied while we wait for the much anticipated time when Bitcoin price will hit $100k is very welcomed by me. Planting one tree everyday when Bitcoin, adds $1 after it crosses the present ATH price is a very good idea to save our planet, so we're looking at planting about 27 trees by the time price reaches $100k, that'll be a laudable project for anybody that takes up the challenge.
But I don't know how feasible it'll be for people like us who live in congested urban areas, even if we want to plant these trees it'll not be possible because there's hardly any space to plant trees in the cities. So I encourage those of us that lives in the country sides to plant these trees whether it's for Bitcoin price increase or to save the planet, it's a noble act.
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It depends on the duration that lottery tickets can last before a winner can claim their win, if it's within months then it's possible for a person that buys tickets in different locations to forget where they bought the winning ticket. Where there's no excuse is if a winner must claim their win within a day or two, then it's supposed to be easier for him to figure out where he bought the winning ticket. I feel that unless a lottery company has a reason to suspect that the person that presented the ticket is not the real winner, then there's no genuine reason why they shouldn't pay the holder of the winning ticket, unless it's stated in their terms and conditions that winners must state where they bought their tickets. If it's not a norm among lottery companies to demand where a winning ticket is bought, then that lottery company probably wants to scam the winner.
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Got my 300 in today. I could probably push it to 400 but I don't see a need so I'll maybe try that another time. Smaller sets would have probably helped me get through it easier. Still, I feel pretty good that I did 300 today easier than it was to do 100 when I started this competition. I for sure have never done 300 push-ups in a day before in my life. Seeing the growth in push-ups of this community is almost as fun as watching the growth of Bitcoin. I say almost because you guys aren't giving me any money. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Push on! Yeah, my current max is also 300, and I did it on May 7th with 5 sets of 60... and probably before this pushup challenge I had not done more than 100 pushups in a day.. I am not sure, but I cannot remember having any obsession with pushups prior to this challenge. If I ever try to do 500 in a day, then I probably would do them in something between 12 and 15 sets, and it probably would not be exact sets.. I would just start out with as many I can do in good form, and then just keep doing that around every hour until I reach 500, and so maybe towards the end I might ONLY be able to do less than 30 per set.. but that is o.k... since I will likely start to get really close by the time I get towards the end of the day.. so maybe it is a day to look forward to.. .. so my current thinking is that either 1-5 days after BTC reaches $100k, then I will do as many pushups that I can during the time that I am awake.. presumptively once an hour from the time I get up until I either tell myself that I am done for the day.. or that I reach some number 500 or whatever that I am sufficiently satisfied to be a reasonable amount (for me)... Something to look forward to. Here's my latest report: 100k,JayJuanGee,123,24425,2024-06-06 300 pushups in a day sounds very intimidating and at the same time encouraging for an average pusher like me, and you're talking about attempting 500 in a day, that'll be pure awesomeness. I do 10 sets in a day and it's only on the first set that I can do way above 10 pushups, in the subsequent sets, it'll be diminishing, I guess you guys must have been into serious pushups before this 100k challenge, and must have superhero physiques. I guess with seriousness and dedication me and other members who're average pushers can attempt to reach and cross 100 pushups in 10 sets. I'm however glad that I joined this energetic challenge, it has been very rewarding for me. 7th day since my last report, I pushed a total of 368 in 5 days. My report: 100k,Kelward,23,1182,2024-06-13
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Preparedness na the most important thing to do if you wan make or get good things for dis life, some people na mouth dem take dey read ,like Bitcoin we no suppose to dey talk too much before we invest because we know say at all at all we go make am no matter from an amount wey we start to dey invest ,imagine people wey still sit down dey look sey the price of Bitcoin go come down before dem go buy, I no see dat person say him get money to really buy and invest because person wey get money and know wetin investment for Bitcoin dey about, no dey waste time at all. Unlike person wey only dey talk, him wan dey predict weytin go happen next make I be like sey him follow for the matter.
Weti dey worry people from. Buying bitcoin is procrastination, that is wetin for the price of bitcoin to come down for them to buy which sometimes it doesn't even come down just as people expect. Most people waiting for the price to come down are not even ready to invest in bitcoin they use this as an excuse and later they start regretting for not buying bitcoin as the price is low. Nobody enters the market and do well unprepared . Procrastination na very big problem wey de make many people to de speculate wen Bitcoin, price go dip well well before dem go buy, but dem forget say nobody know tomorrow, something else fit to carry di money go before price go dip. So di matter no be just to prepare but to get accurate knowledge of wetin you de prepare for and do am at di right time, so I believe say di best preparation for Bitcoin, na to do DCA method. With DCA you no need too much speculations or predictions, na to accumulate and hodle till di peak of bull run, then you go decide weda to sale or continue to hodl.
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If you are interested in gambling on sports, do you rely on prediction betting sites? Why? What is the most prominent site you rely on?
Sports prediction sites are ok to get more perspectives to a match, you can also get predictions from fellow gamblers in sports bet shops but the final decision on which team to bet should be yours. Why the final decisions has to be yours is because both predictions sites and fellow gamblers can be wrong about the outcome of a match, so you can hear from them, take their analysis into consideration, but let the final decision to be what you want. Make your final decisions and take the full responsibilities for the outcome of your bets because it's easier to blame a source that offers help if you lose your a bet.
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Knowledge is power and the informed parents will make better decisions for their children's education fund. I always see bankers who go around marking education funds to parents, they'll preach the importance of having a special bank account to save for their kids future, and the savings plans are good for those parents that doesn't know better. Having a special none custodial wallet to hodl Bitcoin for your kids future is the best investment plan that any parent can leave for their children, it's far better than savings in fiat because it's a store of value and also a hedge against inflation.
Money in the bank can never give a person the ROI that Bitcoin will give on the long term, but Bitcoin price will continue to increase in the future and beyond using it's massive profit for the children's education, the wallet can be handed over to them to continue to hodl when they become adults.
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I think that part of the fun in gambling should be to take profit, gamblers should reward themselves by using their wins to spend on something other than gambling. It's not everytime that you win and there's a high chance of losing the win when you use it to gamble again, so why take the chance, it's like a trophy that you won, you should take and enjoy it. Gambling can be addictive, if the gambler doesn't apply wisdom and discipline, he can be carried away and keep gambling more than the amount that is estimated, so caution is very important to avoid greed and temptations of over gambling at any point in time.
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I think that most parents puts too much expectations in their children, they tend to go the extra mile to make sure that their children gets the very best education that they can afford, so that the children in return will be well-off and take care of them. This notion is wrong, parents should give unconditional love to their children, give them the best of everything that they can afford, including education, because it's their responsibilities to do so, not just because they want something in return. It's fine to expect excellence, good character that is a testament of good upbringings, but it's not proper to expect that your children must be rich so that they can take care of you. Parents should try and give their children basic education, not necessarily an expensive one if they cannot afford it.
Good education is no longer a guarantee to become rich in this technological age, I've heard of uneducated people and school dropouts who later became millionaires. Some people will make fortunes in unrelated areas of their studies in the universities, so to become rich a person needs to have the mindset of the rich, not necessarily becoming educated in the four walls of a class, and parents should understand this.
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