That's only if you generalize. I can tell you how I see it.

Skilled tradesmen who work for other people, like mechanics, plumbers, earn low wages, but the same people working for themselves can easily 2x or even 3x.
I know an electrician who works for a company part time and also gets side jobs. A side job for a private contractor pays twice his hourly wage at a company, but he's afraid to quit the company because it's easy money. He doesn't have to advertise, he knows he'll get paid and a contractor can cheat him. Sometimes you have to take these people to court and it takes time and money... That's why many tradesmen choose job security with low wage over high wage but more stress. Still, they have a choice and could make much more money.

A teacher at school here earns 1/3 of what a private tutor does. Any teacher can be a private tutor, there's a lot of job offers, but you have to drive to clients, face complaints and they're watching you, so you can't slack or be late. You call in sick, you don't get paid, but a school will pay you even when you're on leave.

With that, I'd expect at least 10% cashback, so $20. $5 is a joke, a way for the casino to say we're going to make an event for you but we're cheap bastards, so you're not going to get anything. We're just doing it to be able to say there's an event. Have fun suckers!

I remember good old days when casinos were giving away $10 for free. There was no requirements to wager your own money or anything. You were for instance getting $10 and had a requirement to play at least wager $10. You could put it all on one game and if you won you had $20 to withdraw. Those were the real promos. Now it feels like they made their money and don't care anymore.

It's an interesting topic because people have always been lost between assets that have 3 basic properties: liquidity, stability and appreciation and there's no asset that excels in all 3.
For instance, real estate is stable and can grow in value pretty well, but it requires maintenance that take some of the profit and usually aren't very liquid. You need time to sell a house and get all get all the papers signed. If you buy a car it's going to most likely lose value, so it won't have appreciation at all, but the market will be pretty stable and liquid. If you choose to buy a rare painting, most likely it's not going to be a liquid item and won't generate incredible profit, but will offer decent price stability. Bonds, just like bank deposits offer a bit of appreciation, decent stability and decent liquidity. The problem is that if you account for inflation you come to a conclusion that you're not making any money, just enduring.

What you own depends on your character. I'm a bit of a prepper so for me liquidity is the most important, appreciation is second and I care the least about stability, therefore bitcoin is an ideal asset for me.
I have some liquid and some illiquid assets and out of my liquid ones almost everything is in bitcoin. I have some money in the bank and some cash, but all my fiat money is not even 10% of the value of my bitcoin.

My father, who was raised in a socialist state, used to have 80% in a bank, 15% in cash and 5% in gold. This shows how different we are as people and as whole generations.

I've always sold shitcoins that I won or got for free from airdrops and I can tell you a thing or two about how these things turned out:

When I got BSV I sold it after a few months @$200 a coin. A year later it doubled and briefly reached $400 but you had to be lucky to sell at the top. Since May 2021 it kept going down an now is going for $50.
If you turned your BSV into bitcoin in 2019, you made a lot of profit, but if you held you lost a lot.
At the same time I got rid of BCH that I got for free as well. I sold in 2019 @ $400 and again turned it into bitcoin. The coin had its moment in 2021 when it went to $1,5k but again you had to be lucky to dump it all into euphoria. Instead I turned 2 BCH into 1 BTC in 2019 and even at current prices that BTC is worth 4x what I paid for it, but BCH is worth 40% less than what I sold it for.

It's just 2 examples of how shitcoins do against bitcoin. You can get lucky and get a brief moment when they outperform bitcoin but most of the time it will be the other way round.

That's what OP is asking about. Some games don't require much understanding, so they're considered simple games, where the player doesn't need to learn any rules and doesn't need to focus.
You don't have to learn slots to be able to play, but you have to learn poker or blackjack.

I don't think that you need to be intelligent to play certain games. Poker used to be very popular among cowboys and drunkards and they weren't the smartest, since half of them couldn't even read.
Some people just like games that allow them to turn off their brain for a while. It's like when some people sit down to play computer games after work, some choose the ones that require thinking like strategies and others just want to shoot some zombies. It doesn't make any of them smart or dumb.

I understand why people do this. They get this feeling of being overwhelmed with sadness and desperation and see no way out of it. Their mind tries to look for a way out but everywhere they turn they see a problem. It's like when you're a teenager and your first love breaks up with you, you feel like it's the end of the world, like you'll never find a girl like that again and your friends will laugh at you, you'll be always alone, you'll see her with another guy, that guy will laugh at you...

If you just sleep it over, wait a few days, you'll see that there's another day and every new one will be better and easier.

If you guys ever feel like that, start thinking of suicide, know this:
You're always in a better situation than you think you are! When you think all doors are closed for you, it's not true. Some are still open but you can't see them.
You either need someone to help you see them, or you need time to heal and see.

^
So the rules changed half-way. If the casino is the one that changed the rules, it should allow users who registered before such rule was made to clear their accounts and stop gambling, or undergo KYC.

I bet that many of these people who just want to play a game or two, aren't aware that their money will be confiscated by the casino on the slightest infraction.

If they access a site that advertises as non KYC, they're expecting to see no KYC and if they can't undergo said KYC they expect to have their money returned to them, the way banks do it. If you send money to a bank and the bank decides they no longer want to deal with you, it will return your deposits and close the account. A bitcoin exchange will usually do the same. They will ask you for KYC, if you don't agree to it, they won't allow you to trade, but deposits will be returned to you.

Casinos are so far the only business group that steals deposits. It's especially striking when a casino steals deposits from users that did not break any rules ( so there was no access from a restricted country, no account sharing) but they don't want to undergo forced KYC.

That's true many online casinos are clones, but it used to be much worse 10 years ago when most casinos offered dice or very simple casino games like roulette. These games looked like it were made in the 90s on computers available in that era, but the period also had some nice features like lack of regulation and KYC. Also, casinos were offering more bonuses and free games since they were all new and trying to create their own user base.

That's the important part. The casino doesn't have the right to punish you for breaking your local laws and confiscate your money because of that. Imagine that you live somewhere in Africa and they ban bitcoin there. Suddenly a casino located in Virgin Islands steals your money because they found out you're breaking your local law. This is ridiculous.
 

I'm talking about advertising as a non KYC casino and demanding KYC from a user. Something like that is 100% planned by the casino to steal money from users who will get tempted by this advertising because they value privacy.
If he was banned for VPN use, it's a different story.

It's only if you install new software. I don't update to newest versions right away because I've learned over the years that updates often are unstable and you have to install fixes later. It's better to wait for a while.

Also, they're fixing this, so if you still using ledger, wait a few days until it calms down and move it to something better. Their updates that allowed them to access your wallet were the first warning for users that this company is not the best choice. Now there's this little problem. Let's see how many people lose their savings because of this bug.

I don't understand the story. Are you saying that he set up his wallet at home, left the phrase on his table and another family member found it, knew what it was and used it to steal his money?
Is 1k a lot of money to your friend, because the story suggests it isn't. I find $1k to e a decent amount of money, enough to buy a computer or 2 sets of tires for your car (summer and winter), or a pistol, if you're into guns... I wouldn't invest 1k in something that I don't understand.

Your friend's problem is not lack of security but negligence and carelessness. You don't need proper security to put your seed phrase in a "safe" place, like inside a book, or an encrypted file on your computer.
In my early days when my bitcoin wasn't worth a lot of money I used to keep my private keys in renamed txt files hidden somewhere on my computer. I'd take a normal text file, change the extension into something like "infinity.dll" and hide it somewhere. That's not proper security, but still many times better than some people, who store these on gmail accounts, cloud servers, or password managers.

That's what my friends does. He always makes these parlay bets in football and usually bets over or under certain number of goals and does great with that. His total win rate is close to 50%, but the multiplier is very high. A normal won game can give you x2 win, but a parlay game will often be x3+ so even if you have 30% win rate in these games you'll be up on your money.

I rarely do it because I bet on single event, like the boxing fights that I'm interested in, but I recommend you to at least try parlay bets and bet on things that are likely to happen, like the game being over 2 goals or something like that. These bets don't pay a lot but parlay multiplier does the job.

That's correct. Also, promoting as non-KYC site and requesting KYC is scamming through false advertising. They know this is going to attract people who somehow cannot do KYC anywhere else because they're underage, or live in a country where gambling is banned, or don't have a valid ID, or their documents would have to be translated. Then this casino gets that person's money and asks for KYC. If they do it, the casino returns the money, if not - keeps it. Even if only 10% of players fail to do KYC it's free money for the scammers.

This is 100% planned by the casino, so I'd stay away from it.

That's a great way to start a thread when you want to receive negative responses.
Why do you even post here if you attack readers in your third sentence. No wonder you weren't liked by your co-workers.


Isn't this the definition of discrimination?


I honestly don't think you're going to get anym, but I'm interested in the market cap of your altcoin. Is it even listed anywhere?
 

To be honest, it's not a good idea to look for financial advice on a public forum. It's not a forum full of wealth managers and investors. Literally anyone, including 10 year old kids can answer you here.
If I tell him to buy bitcoin, will he? If I tell him not to buy bitcoin, will he?

5000 is not a lot of money, but I assume where you guys are from it is, since you're giving this as an example of wealth that allows for luxurious lifestyle. I mean 5k can buy you decent 10 year old car, but that's it.

If your uncle does fine without money, maybe he would agree to employing someone to manage his account? You can set an account in such a way that every amount above a certain level will be automatically transferred to a locked deposit that earns him interest and cannot be withdrawn for a certain period of time like a year. Maybe your uncle needs someone to lock some of his money in a bitcoin hardware wallet for a year or two?

There's one thing I know for sure, he'd be better off saving it in bitcoin than drinking it away.

I'm amazed that people always find these small scams somehow. OP wants a US exchange, because the domain is in the US, so I guess that's how OP was directed there. There's Coinbase promoting itself everywhere and even giving free money to people who register, there's Gemini, Kraken... and OP manages to find h5 (hi5? ) that probably has a whole 1 guy running the whole thing and maybe gets to scam 1 poor guy each month.

OP: hello, I want my money please!
H5: I'm sorry, we're having trouble with our crypto bank. Your dollars are currently stuck in the "block chain" and you need to pay additional fee so we can make it unstuck.

I think that there's almost no risk. The only viable risk that you take when you decide to hold bitcoin is that you could fall victim of a wallet vulnerability or a scam exchange like it happened with Quadriga, BTC-e and many others.

There's no risk in bitcoin itself because it can't be banned, unless you're worried about being banned locally and then you'll be forced to exchange it abroad, but for people who hold a lot it's not really a problem. If your country is oppressive enough to ban bitcoin maybe you're going to do better living somewhere else and spending your money there.

I never liked Ripple. On one hand I don't want to cheer for the SEC, but I also don't want to support centralized shitcoins that employ trolls who wipe their butts with Satoshi, liberties, and attack Bitcoin with FUD campaigns.

Here's an article if you don't know what I'm talking about.
https://www.coindesk.com/tech/2022/03/29/bitcoiners-scoff-at-chris-larsens-5m-campaign-to-force-a-btc-code-change/

So, you either are a bitcoiner, or a shitcoiner. You can't support both because XRP is trying to undermine bitcoin with FUD, so these people are trying to make your savings worth less.

I believe that XRP is a security and therefore isn't equal to bitcoin. If it loses this case I won't cry for Garlinghouse and his team.

Even if you think about how bitcoin works, it's impossible to tax holdings. Bitcoin never stays at the same level for a year and it never will. You will either have a profit to declare, or you'll have a loss. You can't be taxed for having a loss, so the worst possible scenario is if you get something like a 10% profit and will have to pay a 30% tax, but the tax will not be from the whole thing, but only from that 10%.


In my country all politicians do that. Every year they have to make all their holdings, including crypto, public. It's funny when newspapers report that a guy who earns 10k EUR every month is declaring that he doesn't have a house or a car and has 5k EUR savings in the bank, but his wife owns a house and 2 cars and his 2 children won apartments in the capital


Yes you are. The fact that she's not directly related to you, so if you give her money, she has to pay tax. If I'm not mistaken only your wife can donate to her mother with no tax, but this depends on the country. Also, check what will happen if she dies because you would not want to find out that she has another child besides your wife that will inherit half of her bitcoin.

I'm spending less this year and last year I also spent less than the previous year.

So, in general, I tend to feel good about my finances when we're in a FOMO bull run. I save money from my signature campaign, so in a bull market my old coins appreciate as well as my campaign savings. I start to feel more relaxed and spend a bit more both on my purchases and my gambling habit.

When we're in a bear market I save up and the deeper we go the more I tighten the belt. On top of it all, in the last 2 years we had a very high inflation, so things were tough. Maybe if bitcoin goes to 100k I'll start increasing my expenses again.