A close call with @hopenotlate trailing with (+)471USD there with the bitcoin price going up and down over the last few days it has been indeed a roller coaster on the charts and so has been predicting the price for the prediction game. But luck was on our side and I managed to bag first position on the round and @hopenotlate and @Bitcampaign as second and third respectively. First time winning the first spot and indeed its a great feeling. Congratulations to everyone who won a prize on Round 12. Once again, thanks to Jacksclub owners for organizing these events every week.  |
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When placing a bet, what comes to my mind, initially when I started out was that it is a win win for me but as I grew I got to understand that the game is entirely different, when I want to place a bet now, I consider it fun and don't over leverage, if it comes, it comes, life goes on
I think you have reached nirvana because this is what the casinos dont want you to realize, they want you to think you can beat the casino and thus you get tempted to take the risk and play for the win. But by having this mindset you can actually have fun, lose some money = aka payment for the fun and come out happy and with a smile. Do this once every few months and you got yourself a nice entertainment mode.  The more you enrage over the fact that why you did not win and thus you need to martingale it, the more you will lose. |
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Dies is just it: If someone focuses too much on what they can win from gambling, that focus and expectation might blind them from making the right gambling decision. They might start going for a game with higher risk, and when you go for a game with higher risk, you ought to lose more quickly than expected. Expectations make the person play more and often the root cause if greed and that to stems from the fact that they came to the casino to make money. Hell no, the proper mindset is that the casino is a place to have fun by spending your wager, you are bound to lose money on luck based games. Anyone who is losing too much in gambling and is not just gambling for fun will definitely be moved by those losses and can get emotionally hurt, which means they might either end up chasing their losses or keep on wagering with a higher amount until they get all busted in the game.
Being hurt makes them vulnerable to playing more and multiplying the losses. However the person can prevent this if they are determined to come out of the game before losing too much. This is difficult for naïve players. We need to make wins and profit from the game, but those should come when they come, not for a gambler to put too much hope and expectation on them, which might end up bringing a lot of disappointment to them.
Gambling is not a place to beat the casino. We can only minimize our losses and come out the least lost. |
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It’s not a fact that drop outs do better and if there ever was a theory stating so, I would likely disagree with that theory. Thank you for keeping your mind clear of the misconceptions. Admittedly, people drop out from school for various reasons. One likely reason is having lack of financial support to continue your education. But then people have dropped out for lesser reasons and due to their irresponsibility and lack of focus on their studies.
Some of them actually have a vision to proceed with and these handful people made a career out of it and hence it is wrong to generalize that college drop-out = a revolutionary human. People that dropped out due to carelessness and irresponsible decisions.. how then can such people do well in life when they can’t gather enough motivation and focus to finish what they started.
And without having relevant educational qualifications to make him more relevant and wanted for employment purposes, he’ll be majorly overlooked as his chances would be slim or next to zero. Pretty much the case with many younger people who end up in low paying jobs, gig-work and so on. Their lives are on the stake and their chances of getting into a stable earning is very low. Eventually they grow out of their age to educate themselves. |
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I would be careful about using the word "Vouch" - if I am vouching for someone, it means I can speak for them to be trustworthy and probably I would be knowing that person in real life. In the internet, this term is thus dangerous to use because the one who is vouching for someone might end up in trouble if, < make that "when" the person being vouched for, cheats. After all this is just a forum, but business related stuff are done here and often the sums are not ignorable. I have seen the recent loans happening between a certain "Poker master" and the sharks of this forum, I have my doubts and having been on the side of the sharks at one time on another site, I would not indulge in lending to such users. I believe this is what the context is about.  |
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I used to trade a lot on Localbitcoins and was always my go to place to sell BTC(as the premiums were fairly high). They've shut shop for a while now. Any other platforms that have a decent Indian userbase for p2p transactions? I was using paxful for a while, it's okay. Didn't like the experience much.
Since we are talking about Indian Userbases, why are we not talking about the userbase on this forum, however small it might be?  We are more than 10 active users on this section of the forum at present and the "Marketplace (India)" section is being spammed by fake keys sellers and scammers, why not make it active with Have BTC Want INR threads? It might not yield a positive trade right away but its worth a start? |
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We cannot really rely on any of these articles because they are all just a speculation and cannot guarantee anything.
Unless and until there is an official announcement from a government authorized person, all of these articles are their speculations will go in vain.
On top of that, the numbers mentioned in the article are too vague. I don't think the government will even considering dropping tax from 30% to directly at 5% - 10%.
Like I said, he made a bold claim but I will listen to it only when I see it. No use pumping the crypto crowd in India with these Messiah like words, we have seen our government for years do nothing about simple things like Hospital sanitation and Corruption let alone give some thoughts to cryptocurrency. We can only do the waiting game for now. |
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Spot is the only mode of trading that is not a full gamble. Any other modes of trading is a gamble and that includes futures, margin, leverage and any other whacky term you can make up. Remember that with spot trading you actually have an asset at hand (fiat or altcoins) to exchange back to get your bitcoins back. If you are sulking about your loss, just wait for the proper moment and complete the opposite trade. But this opportunity does not exist with non-spot modes of trading. Like @MusaMohamed has mentioned, liquidation fees is one of the hidden nightmares that come with futures and margin. After having seen these modes for some time now, my opinion is that these are only created to give the exchange our money in exchange of taking the risk. |
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However, for those who are active, of course they have to see the development of the assets they hold every day and will take advantage if the assets they have obtained have made a profit. The word active does not necessarily mean watching every development. In bitcoin new things come once every few years or so. The term is more applicable in the lines of day trading and thus with altcoins>bitcoin. I never advocate people to do day trading. I feel it ruins your physical and mental health as well as your family commitments. If you have a job, dont even think about it. On the other hand, passive would mean long term holding, which specifically in the case of bitcoin has shown wonderful results over the years. |
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The casinos bankroll is used to fund the games and thus any win the player has is paid out from that and any loss is added to that bankroll. If you analyze the bankroll volume in the long run, it is ever increasing with the losses balancing out lesser than the wins. However the casino exists for the players because without them the money will never flow in and thus the casino is for the players to play in. Of course the winner will always be the casino owners. So players to minimize losses should manage "their" bankroll properly. |
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Does the casino system/algorithm know the betting patterns we make? Nope, every roll is unique and different from the previous ones. So often when we bet big we are given a loss and when our bet is small we actually win, which is very annoying I can understand your annoyance but remember that your chance of winning from a casino in the long run is small. Rather it will be the casino beating you in the long run and hence you might get into this logical fallacy where you think the casino is cheating you and rigging the rolls in order to make you lose, but it is not so. Just be sure that the games you are playing are provably fair, if so the casino is legit. |
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JacksClub Username: TheUltraElite
Prediction: $65,741
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Yo,
So apparently there's like 4-6 million bitcoin that are lost and gone? Just curious if there was any ideas or plans to update the protocol to replace the lost bitcoins if there was a consensus, if that is even possible.
We already have a consensus for that, lost coins are lost forever. No plans to update it from the core developers and I hope they keep it that way. Those who have lost their bitcoins will most likely want to get it back and sell it right on the market causing massive dumps. Less coins in circulation means more demand and more price of a satoshi per fiat currency. |
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As the price attempts to reach the previous all time high of 69k USD, corrections will start and prices will begin falling back if the bears get strong. Still it has once again proved the fact that holders of bitcoin will get profit no matter what happens. If you bought at 50k and was sulking about the huge losses, well now you are in profit if you sell right away.
But for the ones who get impatient, this is what happens with bitcoin - it cycles from bear to bull and you have catch the bear and release the bull to get the profit from their difference and wait it out in between.
Prices are stagnant today, changes will hit soon.
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gambling in the past was like a luxury thing, tho I would categorize gambling as still a luxury if gambling happen in a city like Las Vegas, Macao or in country like Monacco and these city and country still using the past gambling like real gambling and interact with a machine that you can touch and gamble with real people. I will be honest with you, those locations are still a thing of luxury among the well to do. Even the common man dreams of getting rich and going to Vegas wearing a black suit with some broads in hands and a glass of wine. So even if that might seem like a thing of the past, they are still holding their culture and rich heritage to which tourists are attracted and willing to spend money on. Physical casinos never lose their charm. They are the once a while visiting place from the daily gambling on your PC on an online site. What has changed is the mode of payments, the legal problems. The math remained same. |
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When you have one or more children, you have heavy responsibilities. Sometimes you're on a tight budget. Can being a parent change our playing habits? Are losses even harder to bear when you're in charge of a family? What are your experiences in this area?
This is a sensitive issue. People with kids may be gambling from beforehand or enter gambling anew. But I dont think they change their habits in gambling because of having a child. Often this leads to familial problems, marital issues and not being able to pay for the child's needs. This leads to legal problems inside the marriage and even divorce.  Sadly, the gambler needs to control their addiction as they gradually approach to being settled down. Gambling and its impact is immense on the family and it can destroy lives. |
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Very few casinos are still offering this. Back in the days, in the times of Just-dice many sites were allowing users to invest in their bankroll.
Casino investments are supposed to be profitable in the long run, not short run.
I myself have invested in some of these casinos previously. Cryptogames gave me a good 50%/year gains over a year - they shut down their investment feature which was disheartening.
Currently had to pull out from Moneypot too due to Leo shutting it down and moving to take over bustabit and bustadice. Moneypot gave be a good 12%/year return over a period of 4months. My investment on BAB and freebitco.in are currently running well.
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Greed is the inciting emotion that leads to the addiction once your neurohormonal chemicals start acting. If you see such things happening it because of the gamblers addiction now manifesting and the one that is controlling them and making them emotional such that it needs involving the proper authorities.
Indeed this is bad and it is why gambling is a social evil if not kept in moderation just like alcohol consumption.
For people visiting a casino once a year to have fun, such events happening can be a nuisance and lead to a bad public image.
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Right you have valid points on the reasons why there are still graduates that are not wealthy since to many factors need to look and not all people destined to get rich. Also want to add that certain obligation to family what also make those graduate to lose a lot of opportunity since becoming a breadwinner on the family leaves you no choice but to accept whatever job available for you to take, that's why other choose to get those job which is mismatch on their qualification since they don't have any choice as they need money to support their family immediate needs. True, many times bread-earning is the prime objective, which is not the wrong path - you need to stay alive to fight the next step. In such cases the person should work on that job and make attempts to come out of the status quo into something that they wished to do. The money from the first job will fund their next endeavor. However this takes determination and getting squashed into the status quo in a job they dont love is common and that kills the hope. They just read to much success stories of those some billionaires became so successful after they drop out on college. Rebellious attitude always attracts attention. Not going to college is the rebellious style and at that time they dont understand the harm they are doing to their lives, because their age will continue to increase and their education will slow down. |
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At this point people are using both fiat and crypto - so someone holding onto their crypto, buying more and not ever selling is a common thing. However this is a rare breed of people and only a niche group among the entire population of bitcoin users. Many are actively selling and using the money to fund their daily living costs.
Things might become more clear if in future bitcoin use takes over fiat use. But feel free to use crypto too, we need to encourage sites that help us do so, like gift cards sellers, even though fees might be a deterring factor.
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