Problem gambling is basically umbrella term for several issues. Not all people who have problem gambling are addicts. Problem gambling can happen because of many reason, pathological reasons, mpulse-control disorder or because of obsessive–compulsive disorder, so when we are talking about compulsive gambling, it's the concept of under problem gambling, but it's also more specific reason for it.

And what do you mean by long term losers? Why are you focusing on just slots on that? Doesn't the house edge apply to anything else then slots?

To me it's just a term you use when you win against all odds, it's just an aspect of mathematical probability, so it doesn't need believing.

People tend to think there's more to it, but concept of luck doesn't contain any magical or spiritual aspects. For example if you were lucky (won against all odds) that doesn't mean you have luck in the future. You can't affect it, there aren't any working lucky rabbit foots or anything like that. People aren't "born" lucky. It's just a description of something "lucky" that happened in the past.

This of course doesn't mean people wouldn't believe that they can affect luck. They definitely do, because that's how brains work. We desperately want to have control over our life, even so badly we want to believe that we can control things around us. Because reality is just too hard to accept.

I would add 9. Team:

Poor team, inexperienced team, allocating majority of tokens to themselves, even though they are rising money for the token development.
These people can also promise price growth, which not only makes the token a security and unlistable in any serious CEX. It makes them liars, as no one serious team member should focus on the price.
They often hire meaningless outsiders as advisors just because of their name, and focus on marketing instead of development.
Most team members add no value to the project place being in the team.
They outsource admins in chats as they don't bother to talk with the community.
They are not transparent and avoid hard questions, and in worst caste even dismiss them as FUD.

Well gambling shouldn't be the only way to change anyone's fortune in the first place. If you are lucky you are lucky, but don't bet your house for being lucky.

So in a way you are correct that poor people can only win big by risking percentually more, but by doing that, they will be also risking their life, and life quality for everyone close to them. As if they would have a family, that family would have to pay the price if they lose. Most people who are rich, didn't get there by gambling (if you don't call investing gambling), they get there by being smart and bold with their money. Or sometimes just by being total cheapskates and by exploitation of others.

Also rich people don't need to risk to the point that there's a change for them to lose everything. They can percentually put way less of their wealth to gambling and still gambling with way more money.

You can't be serious.

You are not shareholder of a bank if you let them keep your money safe. That's not investing. in same way you aren't shareholder of a gym if you leave your clothes and money in the locker room.
Both of them are offering you a service, and other one of them are offering a service that involves transferring your money. Banks don't owe you anything. They are charging you for using their services. And one key difference between these services (crypto and banks) is that when you hold your own money, you need to cover security for it by yourself. That's not cheap to do when you are securing money for millions of people.

Even blockchains are charging you for transactions, they aren't there to make you wealthy. It's just happens if the asset you are holding moons, but that's not in any way connected to what they are build to do.

All of them were once new narratives, and that's why people made ton of money with them. Op's question is relevant as everyone wants to be ahead, however it's anyone's guess. I hear people throwing RWA and supply chains, but that's not really a new idea. Those have been tried for a long time. New narrative will most likely be a new kind of protocol. So maybe follow new coins and new development for old coins.

Staying ahead takes lots of work, but it has been often rewarding -> https://eips.ethereum.org/

Because, in reality tech isn't here yet. There are ton of hurdles to overcome. You don't hear about tokenized property because it doesn't make any sense yet. You can't move legal rights with just a token. As an example what would happen to the rights if you forgot your private key? Or if your private key is stolen? And when you need legal documents, kyc, ability to reverse transaction with that token, that makes the token meaningless.

Token isn't a legal contract for many reasons, but AML laws come to mind first, and after that consumer protection laws. I could go on but that pretty much covers the main problems.

So you don't need to invent the wheel again if you just want to talk. You can just google existing groups and join conversation. There are hundreds of generic cryptocurrency talk channels in discord, and some of them have tens of thousands of users. I am in several private ones that are focusing on lowcap gems. And one that is for circle of friends. Some of these public servers are just for talking cryptos, some of them are linking news and signals.
For example Reddit's r/cryptocurrency has a discord server with 50k+ members.

So the question would be, what does your discord channel offers that others don't?

This is just not true. They have gone trough one cycle of bear and bull and look how volatile they were. Who knows what's happening next cycle. If you had bought bored ape right a the start, and not sold it, it would have brought you near a million dollars just with airdrops alone. It's really misleading to say they are down so much from ATH, when there was an insane explosive spike before it.

I am not saying that people should buy any of them, far from it. But not seeing the parallel to altcoin fall of 2014-2015 is pretty amazing to me. Yeah they are basically stupid, and bling of the most annoying new money crypto bros, but markets are made of stupid, and that's where the profits are.

What do you mean? We are already using a blockchain that can't be changed for the key information. Blockchains are just decentralized ledgers and should be kept as minimalistic and fast as possible, they are not meant to store a whole game in them, as they are already too big. It would be unpractical, bulky, expensive and extremely slow. And most importantly, not build for it.

You run the servers with systems that are build for it, they are fast, responsive and cheap. In short, they are build for it. There's a good reason you don't run some servers on excel spreadsheets code or similar either.

I would never appear in public. But i would probably cash in my 1M BTC, or at least part of it. But why would i participate to development? I already could do that. Anyone with skills can propose changes. Miners and community just have to agree with changes.

I wouldn't accept invitation to El Salvador. That would only reveal my identity. I wouldn't go there anonymously either. I would have probably revealed everything to my closest family already.

But to be totally honest, i wouldn't want to be Sathosi as Satoshi is most likely dead.

As it's erc20 token it will get listed to uniswap, and because of it, it hopefully catches some whale eyes. And if that happens, i wouldn't be worried on CEXes. They will add it purely because of the volume.

I have high hopes for tokenomics, but as they are still unclear i will keep my feet on the ground and have healthy skeptism. Token itself might as well be generic erc20 token, so it doesn't need complex smart contracts. Least i hope it is, because less is more if tokenomics have been build correctly and % of profits earmarked for buyback is high enough.

I don't get your point. You just gave an example how newbies sometimes benefit from being scared easily (or fomoing easily). Yet you say that newbies are less successful.
Are you saying that Mr A is better trader, because he is experienced and stayed calm? Or because he trades with more money?

Mr B might panic sell in -10% while Mr a hodls to -70%. Calmness doesn't matter in that case, in the matter of fact it might have been disadvantage, as Mr B panicked before the markets, and still has %90 left to invest, while Mr A lost majority of his investment

I don't understand what you mean earlier? Conditions for airdrops that aren't pre-announced have been pretty much similar to what they were. And that is: you have been using the system actively from the start, at least before the airdrop.

So they are as free as they used to be, but the problem has always been that no one knows what airdrops are coming or what conditions you needed to fill to be eligible. And if they are pre-annouced, they will be immediately be botted and diluted in value. Every good airdrop i have got, have been given me without any pre-announcement so that people didn't have possibility to game them and try to cash out. In fact  airdrops weren't really a thing before people were making millions from them.

Afterwards it seemed that it was pretty good way to get community behind the project. Because who would advertise better then people who got skin in the game.

Thanks for the heads up, i am satisfied now. Weirdly there wasn't anything in telegram, or here either, i thought i looked at the twitter too, but missed it. I thought this would be a bigger announcement, and more info, but i definitely can wait a week for more data. At least i can get prepared better for analyzing it.

Even though i am a small fish compared to whales, i can see potentially more than cash out value for this. Especially the idea of using casino profits buying the token back from the markets is appealing.

Isn't that just reverse martingale? Only difference being that martingale is loosely based on 50/50 probability. Or more like it lures people thinking it makes sense. However with sports betting it doesn't work like that. Not that there would be anything wrong doing reverse martingale, but it's far from the idea of original reverse martingale.

I have however tried this with basketball and "sure bets", as combining them creates decent multipliers, and while it can work for a while, all it takes is one loss to get start from beginning, it hasn't really been successful so far. And obviously i realize that there are no strategies that work, that there's only luck. But it's still fun to try and look for winning patterns that doesn't exist, as that's hard coded to human brains benause of that, it's emotionally rewarding.

I am unfamiliar with, bankruptcy code that article is referring to, but seems really weird that they picked the lowest point for it, or that they are changing btc to monetary equivalent value in the first place. Weren't mt gox victims getting their btc back in btc? Also at the start of the November 2022 ftt was still priced at $26.11, are people getting their ftt value back from some date, because few days after bitcoin dumped and ftt crashed with it. And what about people who fomoed in all the ftt the cex when it was dirt cheap? What do they get?

Let me get this straight. You never used the money from your profits for gambling? Of course you'll end up losing your initial budget if you only count all the lost bets and cash out any gains.

So i guess you really have a point and definitely need to try that new tactic out. I thought everyone did it. But if i can recommend, still take some of your winnings out and leave fraction of it for more gambling. There's no good reason why we shouldn't enjoy those big wins.

Also you might benefit from tracking your gambling budget, winnings and losses with spreadsheet, so later on you can track where and when you lost your money, or won something. As it sounds like you are losing track of $ usage and end up losing more because of it. Not only budgeting with spreadsheet helps you getting a better grasp on finances, it helps you on taxes etc..

Well we can only trust word of older gamblers in this case, because they have been both, young and old so only they would have perspective to answer to this.

But as a someone over 45 i would imagine that i was more excited playing younger, but i wasn't playing that much of for fun, as much i was trying to win big. Now as older, my perspective has changed. I still dream of winning so much my life is set, although my expectations for it actually happening are better adjusted to reality. And while i was more excited, it wasn't always fun. I gained vivid memories for sure, but learned from my losses so that i can now play for fun too.

So i imagine that in 15+ years, if i am still gambling, (and wouldn't i be?) it must be really for fun. As more older i am getting, i am getting better on having my life together and balanced.

Of course i can only speak from myself, but to summarize my point: Younger my definition of fun was more reckless, and i might have thought i played for fun because of it. But older i get, more fun i am having, and less unrealistic expectations.

Instantly that message "earn $50 daily" makes me think that's a scam and i don't have to read more. But since i am here, 50 of what? Not dollars, even though there's a dollar sign, that's for sure. If they mean dollars they are scammers, if they mean their own token, they are misleading people. Selling a token link right away, after a logo is a red flag. Numerous spelling errors are a red flag. Low quality graphics are a red flag. Page is not responsive even though i guarantee there's not much traffic on that site.

And can you explain how maven capital and moonrock capital, or any of these are partners? What did they do? Because i can guarantee that they didn't buy any tokens.



Why i am even reasoning here... they are obviously lying and this is a scam.

I like to bet on my favorites, as it makes the mach more exciting, but i definitely can bet against my favorite person / team if i am afraid that they win. I often wanted to do that in elections, because if the person i like loses, at least i am able to cash in and comfort myself with that. I am not that mentally invested to every sport my country men participate. But i have thought betting on opposition when i am afraid my fav loses. And that's not only in sports, but in eurovision, politics, oscars and things like that. Anything i can bet on really. I am not sure how it would be hurting anyone, except maybe nudging the odds with my bet with tiniest possible way.