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4821  Economy / Gambling discussion / Re: Fake bets on: October 29, 2021, 05:52:57 PM
I agree with you but you shouldn't forget that most viewers of this kind of videos are very young and one part of them is not adult. Then  there is a need to find a way to prevent them from being abused by those scammy/fake demos.
And this is the problem, if the audience of those kind of channels were people that knew that this kind of promotion is not real then there will not be such a huge issue, but many of those watching that type of advertising are people that do not have the experience necessary to know that what they are seeing is not real, and since they trust the streamer they try their luck in a casino due to that publicity thinking winning is as easy as what they saw in the video only to realize too late this is not the case.
Unfortunatelly there isn't a perfect solution for this issue. Scams/fake propagandas have always existed and people have been only able to avoid them through self awareness. Sometimes we have to fall for them to learn we shouldn't act the same way again in the future or in the best scenario we can learn with someone else's mistake. But inevitably there are always people falling for scams and at same time scams are always evolving and being adapted to the new technologies.

What we see on the internet now is just an evolution of the old streets' scams. There was the popular shell game usually promoted by an entertaining man on the streets, calling for the attention of the pedestrians around to give a try on his guessing game. But what wasn't told, was that there were 2 or 3 strawmen nearby, who would promptly accept the challenge, always winning the man easily.

So another pedestrians, watching that situation imagined they could win as well without any effort. However, once it was their turn the host mixed the shells much more faster, with superior agility skills than he did against his strawmen, in a way it was very hard to predict the correct shell, consequently leading the gambler to a loss.

I mean, the strategy of fake bets didn't start with Youtube or Twitch. It has been always around and just like streets' scams, people need to learn how to deal with them for their own good.
4822  Bitcoin / Bitcoin Discussion / Re: TV Commercials & How they attracting more clients in crypto industry. on: October 29, 2021, 02:30:15 PM
Usually TV commercials are mostly used for raising awareness about a product.The process of persuading viewers into buyers is a lot more complex and difficult.That's why TV ads have a very low conversion rate.Most of the viewers aren't targeted and big portion of them won't be interested in the product at all.
TV advertisements are being shown to a "cold" audience,which have to be "warmed up" before making a buying decision.The viewers have to get into a so called "sales funnel" in order for the marketers of that product/service to increase the conversion rate.More targeted audience equals more sales.
I'm not sure how many Indian and Pakistanian cricket fans are interested in the cryptocurrency industry.
Probably not that many.
I believe the process of persuading viewers into becoming buyers through ads consist in the frequency those viewers are going to watch an ad from a same product/service. If they watch an ad only once it won't have any impact at all, but if they watch it three, four, five times a day, and if possible on different channels and even outside the TV (outdoors banners are a good example) it's likely they will at least get curious about the advertised object, going for it.

In my country I see such ads only in virtual platforms like Youtube (ads between the videos), but in mainstream TV channels they are non existent yet. As far as I know every second of television ad is really expensive. In the most popular national channel it reaches to 1 bitcoin for a 6 seconds ad during peak time. This added to the low demand bitcoin still has here is probably the reason why crypto services don't launch any advertisement campaigns. It's abusively expensive and the results uncertain.
4823  Economy / Gambling discussion / Re: ⚽ Football Transfers Speculation, Odds and Predictions on: October 29, 2021, 01:42:23 PM
With Pogba's performance so outstanding, I doubt Man United will let Pogba go for free. Moreover, if Man United said they would not sell Pogba in January,
it is possible that Man United was still optimistic that they could extend Pogba's contract. Regarding Mino Raiola's words, it is possible that he just wants
to bluffing Man United's management into making a good contract offer for Pogba. It's really interesting to follow the news about Pogba. because until
now there is no certainty about Pogba's future. According to my prediction Pogba will extend his contract at Man United, because if we look at Pogba's
great contribution to Man United, Man United will do various ways to get a contract deal with Pogba.
Manchester United wants to keep him, but it's not up to the team to decide for him. As I see Pogba isn't satisfied with the norwegian coach Solskjaer management of the team. And actually, it's said Pogba isn't the only one. There are players who believe their potential isn't being fully used by the coach to help the Red Devils, as it has been evident for many during the last 3 games against Leicester (defeat), Atalanta (narrow win), Liverpool (humiliating defeat). My prediction is that Pogba can be already considered out of Manchester, unless something unexpected happens, like the replacement of Ole Gunnar, for an example.
4824  Economy / Economics / Re: Will we see new ATH this year? on: October 29, 2021, 12:41:50 AM
This is very difficult to speculate but I expect that Bitcoin will hit a new ATH this year maybe $70k or more. Most likely until the end of the year, we should prepare ourselves. and don't worry too much about the current price. Today the price went up to 58k $ it seems next month bitcoin will continue to rise to 60k and if the price of bitocin does not make a new ATH this year because of them We will still see many new ATHs in the years to come.
I expect the same, 70,000$ looks a nice number as a new security level for bitcoin (a conservative expectation), although I think it has potential to hit 80,000$, 90,000$ and even 100,000$, but in a very unstable shape, what isn't good at all.

Anyway bitcoin is in an interesting phase right now. We know in times of ATH, many investors can't resist the temptation and end selling their coins expecting to buy again for a cheaper price later and then we have these corrections in price, which tend to be really strong and devasting. At this time, however, the price doesn't go down too further and there are already new investors jumping into bitcoin's train again. That is a good signal bitcoin is bullish and there are many people following its movements closely day by day.
4825  Bitcoin / Bitcoin Discussion / Re: Wont the amount of bitcoin in circulation vanish? on: October 28, 2021, 09:07:41 PM
Is this action not detrimental to bitcoin?
This action is only detrimental for bitcoin if there is nobody else to buy the coins Jack sold in the market. Otherwise, it's positive not only for bitcoin, but also for every parts involved in the negotitation, because all of them are accomplishing with their personal goals (Jack got money to purchase his car, another person bought the bitcoins he was looking for from Jack and the currency's price was maintained). These negotiations are like the blood circulating in our bodies, transporting oxygen to the cells of our organisms. Without blood there isn't life and without negotiations there isn't crypto market.
4826  Economy / Gambling discussion / Re: 2022 FIFA World Cup in Qatar - UEFA Qualifiers on: October 28, 2021, 08:47:22 PM
I'm pretty sure Neymar cannot retire before the World Cup. When he signed for PSG, a huge part of the fee was paid as 'sponsorship of Qatar during the World Cup 2022' clause so they could still give him the money without it being PSG's money due to FFP regulations.

I mean, he can probably still promote the World Cup without playing in it, but I'm sure that isn't what the clause meant. It looks like a quickly written fake news article.

Even if it's not fake news, I hardly think that he will retire before the WC. In fact, I think that that might be an impulsive decision from his side. Footballers have to tackle a lot of stuff, their game on the pitch, social media pressure, trolls, and also their personal life. So even they can have some hard times and maybe as a result that impulsive decision of retiring came from him (if the news is true). And if he has that clause in his contract, I don't think that he will be able to retire. Overall everything considered I don't think he will retire. Even if he does, he will make a comeback like Messi did Cheesy
It's not fake news, he really said 2022 world cup in Qatar can be his last one. Well, it's surprising to hear that from a 29 years old soccer player who should be proud to be at the half of his career yet. There is still a lot more to be achieved by him, including in the national team, so he must really think about this decision more carefully. Anyway since now I can say if he makes the choice of abandoning the national team after next world cup, there will be a lot of criticisms* against him worldwide and especially in Brazil, what will prejudice his image on the history of soccer. And besides that there is also a lot of money involved through sponsorships that I think he wouldn't want to lose.

*Actually he is already very criticized for supposedly drawing fouls with some frequency.
4827  Economy / Gambling / Re: BetABit.Casino - Share Your Thoughts on: October 28, 2021, 03:14:57 PM
-snip-
and maybe you have a limited budget (nothing wrong in that)

They claim to have a bankroll of 10 bitcoins, but to be honest this site doesn't represent a casino company with that amount of capital. Even spending 0.5 bitcoin to making a site better than this one to attract new players won't bankrupt them instantly, unless their claims are false. (just my thoughts, as the title required). Roll Eyes
The best way to prove this information is true would be by signing a message from the btc address holding 10 bitcoins owned by the casino. This way one of the biggest doubts could be cleared up, decreasing the suspiciousness among gamblers, consequently helping the casino to grow its users' base faster. Thanks to blockchain transparency is possible and accessible, while also guaranteeing the safety of the coins' holder.
4828  Alternate cryptocurrencies / Altcoin Discussion / Re: Make Sure to Stake your Tokens or You'll Miss Out on Great Passive Income on: October 28, 2021, 01:46:21 PM
Passive income is great and should be aimed by everyone who wants their financial freedom, however we must be careful where we seek for this income, because most cryptocurrencies you stake are going to lose value on long run, leading the investor to a negative passive income, that is exactly the opposite of what someone expects when investing.

So even though you are going to have more coins than you firstly had due to the staking feature, their decreasing value will keep you in loss anyway. And I suspect developers of these coins use the profits they make through pumping and dumping schemes to invest their money in strong currencies, which don't necessarily offer staking feature (mainly bitcoin).
4829  Bitcoin / Bitcoin Discussion / Re: China is thinking about unbanning bitcoin mining after price rise on: October 28, 2021, 12:58:36 PM
I don't doubt the source of the information is legit. It really looks like China is trying to check how its reputation is right now at crypto market among investors. They dropped the bait, if the market pumps, China can consider it is due to them being opened to rethinking their position regards crypto currencies, what would mean they are still influent here. If nothing significant happens, well, they will have to think in something smarter to get the importance they had before the final ban.

As I see China is behaving similar to the girl who keeps despising the boy who likes her, but once the boy forgets her, she will do everything to attract his attention back.
4830  Economy / Gambling discussion / Re: Genting Casinos awarded for their safer betting standards on: October 28, 2021, 11:43:16 AM
I tried to find more informations about what casinos have to accomplish to receive such award, but wasn't able to find clear guidelines, besides this:

Quote
The Standard offers four levels of award from Base Level to Advanced Level 3.

Businesses are required to meet 10 areas which are the foundation to building a safer gambling approach. The assessment looks at 73 criteria, 52 of which are expected of businesses to meet the Base Level Standard, with the remaining Advanced Level criteria measuring the degree to which businesses exceed the Base Level. Three of the Advanced Level criteria are mandatory for any businesses wishing to achieve Advanced Levels.

Below, they point some "criteria", but without further details:

Quote
  • Corporate Governance and Risk Management
  • Collaboration and Sharing Best Practice
  • Safer Gambling Spend and Contribution to RET
  • Protection of Children, Young Adults and Vulnerable CustomersC
  • Customer Information, Profiling and Interaction
  • Production Design and Innovation in Safer Gambling Tools
  • Self-Exclusion
  • Advertising and Promotion
  • Staff Training and Development
  • Addressing Problem Gambling Amongst Staff

https://bettingandgamingcouncil.com/members/gamcare-safer-gambling-standard

I suppose these 10 items on the list are the 10 areas which casinos must improve their policies and approach with gamblers.

For crypto casinos I believe it will be hard to be awarded, because some of the points demanded by GamCare go against their decentralized nature or simplified sign up and usage requirements.
4831  Economy / Gambling discussion / Re: gambling addiction is getting real on: October 28, 2021, 01:57:35 AM
3. For Sportsbetting / Slots , i will take 1 month back and rethink on what happen in the last 2-3 days before back to gambling . From what thought and watching the post that you guys gave me , i mostly will stop on gambling for awhile especially slots. Side note : as I am a huge fighting fans (MMA) but usually just bet 100-500$ bets . The way i lost 20k is that i just tried to earn some huge wins by buying 'bonus' and not by rolling spins. Maybe this is way i lost so much in short amount of time .
Good that you have learned something from this big loss and will stay away from gambling for a while. You are totally right by doing so. Take your time and have no hurry to start betting again, because a loss of 20,000$ must not be neglected. Don't try to beat the house at all costs. Set your own limits and if even by doing this you aren't able to win, just give up. There is no reason to be ashamed in giving up when the chances are against you. That is actually the smartest thing to do. And always keep in mind although you can get rich by gambling, it's not necessarily (and probably) going to to happen. So take it only as a hobby activity.
4832  Alternate cryptocurrencies / Altcoin Discussion / Re: Proof that airdrops never work ... on: October 27, 2021, 03:45:26 PM
Airdrops are currently only used by devs. to get large twitter and telegram social media participants with very small capital, for devs. Of course it is very profitable to make investors believe in the project, but for participants it is of course just a waste of time because the competition to become a winner is very tight even with a percentage of 1:1000 or more.
It's almost free advertisement for developers, although people don't seem to bother promoting these crypto currencies for free, as even the tiniest possibility of making some profit from the airdrop is worthful for them. I've already thought about joining some of those airdrops, but the fact it's not possible to know how much participants are going to be paid to execute the asked tasks made me give up on engaging with them.
4833  Bitcoin / Bitcoin Discussion / Re: Best thing you bought with Bitcoin? on: October 27, 2021, 11:21:28 AM
The most interesting thing I bought with bitcoin was a bitcoin physical wallet. I don't remember exactly how much it priced, because I don't have the transaction history anymore. I suppose it was something around 0.002 BTC. I would like to use bitcoins to buy stuff more often, but I fear the online sites accepting it as payment don't have enough reputation yet, what means it's a risky deal.

Regards the bitcoin wallet I just purchased because it was from an official reseller of Trezor.
4834  Economy / Gambling discussion / Re: Fiat-betting to crypto+betting on: October 25, 2021, 09:31:02 PM
The main advantage is that you don't need middlemen payment services like the ones you mentioned in OP which are well known for charging abusive fees due to regulations imposed by some countries. So you can gamble for longer at crypto casinos with less or the same amount of money you would need to gamble at a fiat casino for less time (and also because the bet size is more customizable at crypto casinos).

Moreover giveaways, promotions and benefits in general tend to be more generous at crypto casinos, what puts them ahead when comparing gambling sites on this aspect.
4835  Alternate cryptocurrencies / Altcoin Discussion / Re: Elon doesn't own Shiba? on: October 25, 2021, 07:14:22 PM
That is a good lesson to be learned by those who get easily hyped by meme coins. People who want to invest in crypto market should stay away from Elon Musk and his jokes, because after all it always end very bad for investors while Elon drops out without any responsabilities for the mess his jokes cause around.

Shiba investors are complaining a lot and blaming Musk for the recent crash, but nothing can be done anymore, it's too late now. I feel sorry for those who lost money, however nothing different was expected and these investors should have been more careful because we already knew the bad Musk's reputation in crypto universe, as months ago he dumped bitcoin price for speculative reasons.
4836  Economy / Gambling discussion / Re: New York launches RFP for new casinos rising the taxation to 64% on: October 25, 2021, 05:47:56 PM
These are populist measures used by politicians to show the poors they are taxing the riches, so they become a kind of Robin Hood in the eyes of the media and the public in general. But in fact these are harmful measures, because they are creating an unfavorable environment for businesses in their territory, what will lead companies to leave to another states or to also raise the costs of their services for gamblers (the final customers).
In the end the state of New York will be the most prejudiced one, because it will lose income due to the greed and selfishness of its politicians. While for casinos companies and gamblers it isn't a problem at all, since there are dozens of another states where gambling is a welcome economical activity.
4837  Economy / Speculation / Re: Is the bitcoin going to burst anytime soon on: October 25, 2021, 03:30:06 PM
Honestly, we can't hear any good from the banks as these institutions are the leading haters of Bitcoin since before. They are afraid to lose their existence but as we can see, it was not going to happen and much more if they adopt the system as well.
True. El Salvador is a good example of how banks can become manipulative when their personal interests are manaced. They start spreading lies and fear among most uneducated people while sponsoring protests against bitcoin to give the impression the population is mad at the idea of adopting a crypto currency.

Notably many of the so called experts who say bitcoin is going to die soon (once again) are connected to banks, as they belong to the mainstream financial sector. So they create the narratives that are shared by another people who are also benefited by the banking industry, like the employee mentioned in OP.
4838  Bitcoin / Bitcoin Discussion / Re: Bitcoin Price vs Iphone Price at launch on: October 25, 2021, 01:27:19 PM
Conclusion: don't waste money on Iphones, buy bitcoins instead. Smiley

Just imagine how profitable bitcoin investment could be for those people who compulsively change their Iphones' models every new year when a new one is launched.
4839  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: October 25, 2021, 12:02:40 PM
5 more days til I get my FUN back from locking period, thinking to double down on my holdings, lock it in for a really long time, and then go wager to get the cost back Wink
Good idea. The longer you hold, the more interest percentage you earn in a daily basis and if FUN is going to pump yet it must happen next year, when the new XFUN casino is scheduled to introduce fresh features, so no hurry is needed.



By the currently rates I must have been really lucky to hit 310 RPs reward, right? Cheesy
I feel almost like winning a 3100 RPs prize in the old good days.

4840  Economy / Economics / Re: Steam bans blockchain games on: October 25, 2021, 12:56:57 AM
Gamers are spending hundreds of dollars on their PCs or consoles and then hundreds of dollars on games every year, why would they need opportunities to earn some pennies? People play games to relax, not to earn money. When a game is turned into a job it stops being a game, it becomes a boring grind.
I will take mmorpgs as example, because this is the kind of game which has the most complete economical system where the real world trading mechanism better works.

There are gamers and gamers, or as some may prefer to say: "farmers". Some people play online games for status, achievements, while others join to farm some income. That is what already happens in some mmorpgs. There are people playing those games only for money right now, although they have spent a long time of their childhood and adolescence on those games for fun. Things change within time and something that used to be a leisure activity may turn into a job.

There are already enough markets for games that doesn't feature real-money trading directly, and the small minority of players that wants it uses them, so blockchain games aren't exactly revolutionizing anything. This is a typical case of blockchain devs having no idea what people want and need, and just trying to fit their "revolutionary technology" when no one asked for it.
I believe blockchain games are just legalizing something that is usually illegal in mainstream games. By the terms and conditions of online games you don't own your account, the game lends it to you instead, so everything you have in your inventory doesn't really belong to you. Blockchain games are fairer with players regards this subject, as you really own what you have acquired inside the game and can do whatever you want with those goods. I don't consider it a revolution, just a very welcome feature for players who can be finally rewarded for the time spent on those games (since repetitive grinding has always been a major part of such games).
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