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5581  Economy / Gambling discussion / Re: You have to prove that you can take the loss on: August 26, 2020, 06:45:24 AM

Although I highly appreciate the the efforts made by the government in order to address gambling addiction, they should not meddle on choices based on people's desire to gamble. If the the government regulates gambling by proving that 'you can handle such loss' then this could only be destructive in the long run. In addition, putting a soft cap of 100 euros will not help as people would circumvent and try to find a way in order to get pass through this regulation.

If the government sees gambling addiction as a major disadvantage, then creating job opportunities or providing other means of recreational activities can definitely help. Once you put this regulation, people will only be more inclined to know ways of breaking this implementation.

I agree with you that the hard cap of 100 EUR is just wrong. In my opinion it definitely makes sense to monitor loses of visitors on casinos and you find outliers, where people lose a lot of money in short time. Then there should definitely be a support system it place. But fixing loses to a pre determined number seems wrong, because different people have various amounts of money to gamble with. 100 EUR might be a lot of money for one person and only pocket change for someone else. It all depends on the risk involved.
Addicitions are a problem in every form for the government, including addicitions for acohol, drugs or gambling. It ruins peoples lifes. The economic costs down the road for such addictions are much higher.
5582  Other / Politics & Society / Re: Someone who believed virus not real had wife dead to Covid-19 on: August 25, 2020, 10:57:02 AM
they say its fake and the government is stepping in too much
they get sick
they say its real and the government didnt do enough to stop it at the beginning


This sums it up pretty good. As long as everything is alright people are just focused on them self's and their own family. But once infected with corona everything changes. That's probably also why so many people fight against the safety procedures like wearing masks or social distancing. If we would all think more about the good for everyone and follow rules, corona wouldn't be so serious.
5583  Economy / Gambling discussion / Re: Greatest Gambling Losers on: August 25, 2020, 08:39:49 AM

8. Gus Hansen - Lost $21.7 million
Quote
He has accrued $21.7 million in online poker losses at Full Tilt.
We all have our favorite casino and, online and physical casinos differ depending on how used we are to it. By changing our platform, this doesn't mean that we can apply our strategies and be wild in betting already. It's a new environment and it's better to start leaning again.


Poor Gus Hansen, he is an awesome gambler, not only a poker pro but also in an oustanding Backgammon player. Unfortunately he played to loose and didn't have a proper strategy for playing high stakes cash games online. He was is a great tournament player and an awesome showman, that is why he we could see him playing so much online. Just remember the time when he went all in every round and crushed all the other pros. As a disciplined poker professional you should never do that, but still it's just awesome to watch such a match. Definitely one of my favourite players.
5584  Other / Off-topic / Re: Is it possible that the 1% group want to kill us intentionally with covid ? on: August 25, 2020, 08:30:51 AM
This Covid-19 virus is actually thought to be man-made, and it is a biological weapon to sabotage the economy. The United States is the country most affected and also the country with the most deaths. But one more good thing is that this virus is contagious but it will kill the old but not the young. This shows that this is a pre-programmed virus and it is too dangerous for the general economy. Besides, it doesn't mean anything in killing people. This is just an economic virus.

There is still no independent research team looking in how the virus originated in Wuhan. Also the internet is full of people trying to spread the virus. There is plenty of footage from elevator security cameras where people are spitting on the buttons or coughing in their hands and wiping the doors. There is probably more than 1% of the population with many evil thoughts, trying to harm others, especially if they think no one else is watching. But this group is not the 1% richest people of the world. It's just average people. Why would want the richest people in the world kill everyone? We are working for them for a very low wage and help them to get richer. If they would kill us, who would buy their products?
5585  Other / Politics & Society / Re: Will Trump Pardon Snowden? on: August 25, 2020, 08:13:19 AM
https://reason.com/2020/08/14/trump-teases-possible-edward-snowden-pardon-he-should-do-it/

This is an exciting prospect, no? Trump pardoning Snowden before the election would definitely spice things up, and would probably be one of the most controversial (and memorable) moments of his presidency.

This seems a bit unrealistic to me. Trump has a strong standing in military families, pardoning Snowden could ruin his base voters. I don't think he is risking any backlash from such actions before the elections. Another question would be if Snowden could actually come back to USA. If Trump would pardon him, would Putin let him leave Russia? He might still have valuable information he didn't share with anyone yet.
5586  Economy / Gambling discussion / Re: Poker Gameplays and Strategies on: August 24, 2020, 05:17:27 PM

Idk, maybe you and I play cash games differently. I, for one, almost always quit immediately after a good win, but you can't quit a tournament when you are on the 1st place ... well, you can, technically, but you have zero chances of finishing on the 1st place then, and, depending on the number of players left, your chances of finishing ITM are slim. I think that luck plays bigger role in cash games than in tournaments, but, tbh, I rarely play cash games, so I can wrong here.


But why would you quit after a huge win immediately? Having a big bankroll on the table is great to show other players that you know how to play. Your stack definitely makes a difference in cash games in my opinion. With 1-2 cents as blinds your max stack you can sit down with on a table is 2$, but If you see someone with let's say 8$ you know already he doubled up 4x. Personally, if I face somehow who has less chips than me, I try to use my chips and bluff more often. But when the opponent has me covered I am a bit more cautious.
For tournaments, being first is already great, you definitely have the highest chances to finish in the money. Playing more tight for a while and wait for players being knocked out is what I usually do.
5587  Economy / Economics / Re: Covid-19 effect on your country's economy!!! on: August 24, 2020, 04:58:49 PM
many countries have experienced a decline in their economies due to covid-19. The economy in my country has fallen greatly because the number of people who are positively affected by the corona virus, even though many have recovered, but those who are newly exposed to the corona virus are still increasing every day. the effect of the economic downturn in my country, namely from the trade sector, for foodstuffs and clothing to be expensive because of the small supply, and the very expensive transportation costs.

I think the only country that is expected to grow their economy is China, every other country on this world will see drops in their GDP. In my country the government is taking the most losses as they are paying the companies to keep on the staff. Especially the Service Industry and Hotels in particular saw a huge drop in their revenues. Unemployment is not yet strongly on the rise as long as the governement is paying part of the wages. It all depends on how severe the second wave of corona is going to be. The affects on the economy will likely be delayed by 6 month.
5588  Other / Politics & Society / Re: A Good Salary vs A Career in the sector you love... on: August 24, 2020, 01:10:42 PM
Your life can still suck if you have a lot of money, but it can’t suck if you are doing something you love.

I think very similar A good salary can be great today but you should always ask yourself if such a job will make you happy in the long run. Could you do such a job for the next 10-15 years because if you just get miserable after a few months all in the money in the world won't make you happy.
Same checks should be done for your dream job. Is this something with a future? Could you really make a loving out of it long term? We should all try to balance our passions with adding value in our job. Changing careers can be very difficult, especially in times of a crisis like we have today.
5589  Economy / Economics / Re: 2020-2021 best year if You Want to become rich no skills needed on: August 24, 2020, 01:02:16 PM
I don't think anyone without of skill can make any real money ever. During the 2020 we had a bear period of the time on most of the markets (excluding Bitcoin). During these years everyone who buy some stocks, golds, ... will get amazing profit after the bull run started once again. About bitcoin, If you are looking for a mid or long term investment 2020 is a year for buying bitcoins on lower prices.

I agree without atleast some skills or foundation of knowledge there is almost no chance of becoming rich. There are so many hard working people out there trying to become rich that you need to offer something better to compete. If you don't have such a basis it will be really. An alternative to compensate would be to go into cryptos and investing, but here you would atleast need some form of starting capital to invest properly. And then again it would be wise to have atleast some skills. The good thing is, with the Internet you can start learning new skills everyday.
5590  Other / Off-topic / Re: Why is Discord so popular? on: August 24, 2020, 11:58:37 AM

Why Discord became so popular?


Discord became very quick popular because first of all it's free. You have a lot of gamers who used to be on some Teamspeak servers where you had to pay a monthly fee and were very limited with your choices for layout / informations / chatting. Now with Discord it's much easier to include all that for free. After Discord came out I barely see anyone using Teamspeak or Skype. The second reason why it's so popular is because you can combine so many different servers into one App. I have 40+ Discord servers in my list just for various games. These connections weren't even possible before discord. Now you can easily see when people are online, what they are playing. It's a great app to keep in touch with friends. I am glad it's free. It might be using a lot of PC resources compared to other programms but with it's still great.
5591  Other / Archival / Re: The Ultimate Online Slots Guide on: August 24, 2020, 11:53:41 AM

Played slots many times but I'm unlucky to win online, but I have successes in traditional casinos.

As far as near miss or near hit, one of the most heart breaking experience if you are really a slot player, Lol. I mean you think that you are going to hit bonus, unfortunately the last reel didn't cooperate. Happen to me many times, but there were couple of occasion wherein I was down to my last spin and then I thought finally it was not a near miss this time as I hit the bonus round. However, at the end I lost everything. Anyhow, yes it is very frustrating but I guess you need to keep going on and hopefully hit the bonus.


Playing slots in physical casinos is definitely fun. I enjoyed just playing slots in Las Vegas because there are so many slot machines around, it's very busy. You see all different types of people, and the noise is insane. I had a great time but unfortunately didn't really win anything in the end. On the roulette table or Black Jack I tend to be much luckier. I guess it's the atmosphere which makes slots so fun. Another thing that I read is that the payout rates of the Las Vegas slot machines are much higher than slot machines in Europe. Not sure if it's because of taxes or they make so much money with the other games.
5592  Economy / Economics / Re: how in the world is btc at $12.303,28? on: August 24, 2020, 11:49:50 AM
Please if you choose to leave the Bitcoin world, no one forces you to invest in Bitcoin. I am, after all knowing that currently Bitcoin
does not function as a currency, because it is true that people rarely use Bitcoin to buy goods or services. But no one can predict
the future, I still believe that one day Bitcoin will become a global currency. All we need is to be patient, so I won't be influenced
by your opinion about Bitcoin. Because I will keep collecting as much Bitcoin as possible.

Relax dude, we need some haters, like we need some dumpers to make bitcoin stronger. Everyone has their own opinion, they are in crypto and we are not bias here so we accept crypto enthusiast and crypto haters, besides if they like to get involve they can just play the game, and that is shorting bitcoin all the time.

Without any seller we wouldn't see any real bitcoin prices. Imagine everyone would just mine coins and hold them. There would be ciculation. We need an active bitcoin market to attract more people. It is good that people use coins to buy things and exchange them for FIAT. Trading bitcoins is actually fun. Unfortunately I don't have the time at the moment to go back to intra day trading of bitcoins. But the more people buy and sell bitcoins the bigger the market will become. We want people to have different opinions about the value of bitcoins.
5593  Other / Off-topic / Re: How to get rich on: August 24, 2020, 08:20:47 AM
Personally I think getting rich involves not only a "little" luck, but a lot of luck. There are so many smart, hard working people out there thriving to become rich. In the end it isn't enough to have the right idea, you also need to be at the right time to make your idea work.

Rich for me is not having a nice car and a big apartment, but rather having enough money to be independent. One thing I notice with many people who become very rich is that there goal was never really to become rich. They just wanted to be the best in their field, becoming rich is just a by product of that. The motivation is not money for them.

So just having becoming rich as your main goal is doomed to fail in the long run in my opinion.

5594  Economy / Gambling discussion / Re: UEFA Champions League Discussion Thread on: August 24, 2020, 08:14:37 AM
yesterday due to work I missed the final, I saw that Bayern won with just one goal. a shame for PSG I was hoping so much they would win their first champions! what to say finally this champions ended after so many difficulties, and we start immediately with the new edition! football never stops

It was a boring game for me I didn't like it.
PSG didn't play well, they have 2 good chances to score but Mbappe missed and he lost the chance to bright at this final.
They were so close but he didn't played well in the game that they had to do so.

I agree, the game was really unspectacular, I expected so many more goals. After the last matches in semi final I thought about adding some combi bets in the final but luckily I didn't have the time in the end. Very happy Bayern won and I made a nice profit there. But yeah 3:2 game for Bayern would have been much more interesting. Poor Neymar, the expectations where just too high. Good luck next year
5595  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto passive income - a bubble? on: August 24, 2020, 08:08:18 AM
I see that more and more investors are interested in a passive income that comes from cryptocurrencies. But, I am a little bit afraid that all these concepts: staking, crypto lending, and all form of income that is generated from nothing will end up sooner or later. When you compare mining, you have to buy mining rigs at first, then you need to pay electricity, so you spent a lot of money to mine a Bitcoin and that makes it valuable. What about staking? What you sacrifice to receive new coins?

But why should it end? It's pretty much the same business banks are doing with FIAT currencies. The ones who have plenty of coins are helping out the ones who don't have the coins right now. There will always be people be around who need coins right now but can only pay it back later. Staking or Crypto lending is common practice for a while now and definitely one of the major parts in crypto currencies. Sure there are bad apples around and you might lose money on some deals, but therefore you receive a nice interest rates. As long as you can pick out more of the good ones to lend your coins to, you should be fine. That is why a trust system like on this forum is so important.
5596  Other / Politics & Society / Re: Do you think COVID19 is a scam? on: August 24, 2020, 08:04:27 AM
I saw this morning that 13 people died in Peru after the police raided a birthday party. The police are trying to claim the people were crushed trying to escape through a single door... it's the most bullshit story I've frankly ever heard in my life. Peru has had EXTREME lockdowns and still has been "overran" by this invisible monster... https://www.rte.ie/news/2020/0823/1160820-peru-nightclub-deaths/

At this point, I firmly believe that COVID19 is extraordinarily oversold and being used to oppress people across the world using the fear of an invisible monster.

It's extremely scary seeing the police starting to murder people to "keep us safe".

It doesn't really sound like the police murdered anybody but more like the people inside paniced and crushed people to death. Wasn't it illegal to be an indoor night club at the moment? I just don't get it, all around the people hate on the police. Imagine we would have no police at all anymore? Who would you call if someone breaks into your house at night? Or if you just have a taffic accident and need help?

With more than 23m cases around the world and 800k deaths you are calling it a scam? I am pretty sure you would think different if one of your family members would be infected.
5597  Economy / Economics / Re: What Role Will Crypto Play During ‘The Great Reset?’ on: August 23, 2020, 07:01:08 PM
What are you hoping to get out of this 'Great Reset?' Are you adapting? Because at this point, whether the industry, it is evolving to something similar to The Hunger Games or even the survival of the fittest.

For me personally not much really changed during the pandemic in terms of investing and cryptos. I am still holding the same portfolio of stocks and funds as last year, I only added a little bit of commodities. For my cryptos I also only added a little bit because I don't have so much spare money at the moment. But if I would really believe in the great reset I should sell all my holding and just go into cash. Inflation would likely drop further and the prices in 6 month should be much lower than today. However, I am still hoping for a good ending of the pandemic. So far the prices where pretty stable. I don't think it's time yet for panic selling.
5598  Economy / Gambling discussion / Re: Mind Blown Gambling Facts on: August 23, 2020, 04:40:25 PM

Strange but he can able to play with the money whether it came from good or in corruption but lets not link the winning on their corrupt practices since it will be a different talks and need a proper thread for that things.

Don't want to make this any really discussion about the lottery winnings of Mugabe. But this is actually listed in the corruption thread on Wiki under the ZimBank lottery (https://en.wikipedia.org/wiki/Corruption_in_Zimbabwe) So definitely a grey area.
5599  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you still sleeping? on: August 23, 2020, 04:27:27 PM
When the market was booming, we wake up looking for opportunities, to make some profit. When the market in a downtrend, we back to "sleeping". There is clearly something amiss here as I think opportunities available at every time, just a bit harder to see in the bad "downtrend" time.

Bitcoins and alt coins prices are still rising, I wouldn't call it a "downtrend" at the moment. Personally you could call me a sleeper, because I am just holding my coins. Not looking to sell at the moment. If I get lucky when gambling I am adding to my holdings, but sell FIAT for cryptos is a bit hard for me at the moment as the economy is such a weak state. I wish I had more pocket change to invest. I am doing the same for my stock portfolio, just holding and forgeting about them at the moment.
5600  Economy / Gambling discussion / Re: Poker Gameplays and Strategies on: August 23, 2020, 04:23:57 PM

some of the best players are quite loose aggressive (LAG) and are not picky in their hand selection. they can succeed this way because they know how to leverage their table position, and because they are good at reading their opponents---sensing when they can bluff them off a hand.


Reading opponents in online poker is fairly hard in my opinion. If you play Zoom, the old rush fast paced mode from fulltilt or have 4-6 tables of the same time. The reaction time has to be very quick. Writing notes on other players definitely helps in a though decision. But overall you should really stick to a fixed strategy to just make it simpler for yourself. Once you move up in the tables the number of players will be less and you see more of the time the same players. What you also see pros doing on TV is making "bad moves" - like playing to aggressive - because they know everyone can see their starting hands on TV and they want to remain unpredictable for their opponents. If you only play online with a lot of different people - I wouldn't recommend such plays for beginners.
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