Now let's ask you this - who is the real beneficiary from gambling? Is it the gambler or the house?
Does she need to risk $3,000 on an NBA game deciding whether the score would be over or under the line? Does she need to spin a roulette or count the blackjack cards?
No, she didn't have to do all this!
The house always wins...! it does!
But you probably didn't imagine how big those house winnings are!
The house always wins - That's true! Because like any other business, gambling is also a business and it needs profit to keep the operations going, to keep paying the salaries to their employees or to sustain the overheads. Why don't you say the same thing when government imposes more than 100% tax on many regular products? Lets assume a scenario of a simple toothpaste which is a regular product for us, Tax 1: Tax on the raw material Tax 2: Production tax Tax 3: Transport tax Tax 4: Sales tax In some cases, these cumulative tax goes beyond 100% of the production value. Why are you not saying the same thing for government then? The house always wins doesn't necessarily means that all gamblers loose their money! There are winners as well and people pay out of their pocket for entertainment! Gambling is not a money making method, it's a form of pure entertainment! |
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Bitcoin is a ponzi?? - Certainly no!!
Bitcoin is a political trouble?? - Probably yes! This statement is probably true! A lot more game will be unfolded in due time, keep watching the current game involving BCHSV!
For the article, I see that a lot of unknown and small-known websites are coming up with such articles since last 1 week because a lot more people are searching to know why the prices are going down and what can be the possible remedies!
BITCOIN IS NOT FINISHED YET!! If you are here only to make profits by investment, then you may have different version than me! But surely and certainly, bitcoin has a lot more potential left. Have patience and watch the market closely! Articles will come and go, but your support for bitcoin should not!
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Google is NWO scum and so is Microsoft and nothing they say or return in search results can be taken at face value
and you don't need google to see that the jig is just about up for BTC because no one can trust a digital token after we
had miners charging $55 per transaction just to move a few digits around in the block-chain
Ten years of building up trust was destroyed over night and it's not coming back, least of all with the Lighting network
banking hubs adding to the fees and number of cases of digits going missing but apparently it's new a fault of the
shit-ware code behinf Bitcoin is it now.
I understand your pain! Probably you had entered the market at the wrong time and can't book your looses now! So I will overlook your comments about bitcoin and its coding. I had made this similar mistake with Ripple and I don't remember where I have stored those. However, I too have noticed that the fees have gone up to an exorbitant level because a good number of bitcoin miners have switched their operations to BCHSV. If you check the hashrate graph, it will be clear to you. On 31st October, the bitcoin network hashrate was 58,201,029 TH/s. On 21st November, it went down to 34,727,437 TH/s. While the number of miners have went down with declining hashrate, the fees have gone up. Check the link below, https://www.blockchain.com/charts/hash-rate?timespan=30daysHowever, the only ray of hope is that, within 2 days on 23rd November, the hashrate again went up to 47,295,462 TH/s. I sincerely hope it will continue to grow and the issue with fees will come down eventually! Things have not yet gone out of hand my friend! It will recover and recover well. Stay put if you have patience! |
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India always remains as a top talent house for technologies. But the issue is that, majority of these talents work for offshore companies remotely from India. So neither Indians are not able to explore the possibilities of blockchain, nor reap the benefits. We have very few home grown companies that works in this domain because of the orthodox mentality of our government. So it's an encouraging news for the talents of India but not for the benefits of India.
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Hello community!
Is there a list somewhere on the internet where I can have a list of all crypto verified hedge funds?
The most prominent one is CME group's bitcoin future contract. A lot of institutions are using their services already and has a good market reputation as well. Otherwise you can also go for Cboe bitcoin future if you are little short on budget. These two are the most prominent futures contract providers which you can use to hedge your current crypto position. I won't recommend anything else. You will see a lot of ICOs in the market who offers portfolio management services for crypto market. But these are not essentially hedge funds. Rather these are investment management options. |
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https://cryptoinfowatch.com/fresh-contention-about-which-network-inherits-bitcoin-cash-moniker/ There is the worst fork I have yet witnessed. Not just in terms of effect on the coin market, but the main players exhibited the sort of greed not yet seen in the industry. The DAO fork is nothing compared to this. It is obvious that people are now mainly in the decentralized network to become super rich, not that they care what they can offer the society. Satoshi will continue to be a model of good conscience. I'm glad a few persons like Charlie Lee and Buterin are towing that path of selflessness, but all the other... Absolutely yes! I totally agree to your opinion. The reason for the forks are purely greed and nothing else. No one is going to share the same vision of Satoshi nor will try to maintain that. The worst example is the Bitcoin form which created a shitcoin like BCH. Since ver succeeded to earn few billions from bitcoin fork, he is now trying to repeat this successful business model. |
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I always prefer to listen to my own and decide based on my own research and intuition. John McAfee has become the prominent name in mainly ICO market and he is not an active advisor for any other mainstream cryptos. I initially used to follow John's tweets for making ICO investment decision but the moment it was established that he is being paid for his tweets, I stopped looking at it, because they are clearly biased and can lead to a serious confusion. |
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because......
any choice in every bodies’ life is actually a gambling…
choose a wise husband from a bunch of boys is a gambling
choose a school to study is a gambling
choose a boss to work with is a gambling
so, gambling is addictive…
no one can escape...
Lol!! These are called informed gambling and not based on pure luck! It involves a lot of information research before we actually take a decision on choosing a husband and wife or school or a boss! The gambling is based on pure luck in majority of the cases. So the examples you've cited here, doesn't really hold its ground. |
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Till the time Modi government rules the country, India will loose on many things. Because an orthodox and backward thinking government is as good as no government. The economy of india is already suffering big time for demonetization and I see no sign of rebound just as yet. So I simply don't expect that Modi government will ever legalize bitcoin or any other cryptos. Otherwise they wouldn't have stopped banking facility for crypto related companies. God save my country!
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The story is from about almost 5 years ago but this is 100% relevant to 2018 or 2019 or many years to come, you can read it here: https://www.reddit.com/r/IAmA/comments/1ch7wb/starting_with_almost_nothing_i_made_almost_500000/In short version, he gambled on Bitcoin, made $500,000 - and lost it all later on, he then continued to gamble in Roulette and other games, and ended up with $50,000 in debt. By the way, This is not only related to Bitcoin or Casino Games - if you think Sports betting is different think twice after reading this:https://www.psychforums.com/gambling-addiction/topic182379.htmlThis person lost over $300,000 within 48 hours, all because of sports betting, he had bets on tennis, basketball, soccer - you name it. And there are many more stories to read such as this: https://www.reddit.com/r/problemgambling/comments/4pzgmu/i_just_lost_140000_in_5_minutes/Moral of the story - you can never be rich with gambling, and even if you end up being "rich" - you would lose the whole lot in no time ... only the house wins because the house has an edge.
It's a classic case of a human emotion called GREED. The moral of the story is incomplete as you've only talked about the casinos. Gambling and casino is a form of a business similar to other businesses of the world. So they will have to make profit to keep themselves sustainable. And the profits they make, comes from their players pocket. Look at the below points, 1. Gambling is not a method of making money 2. Gambling is a way of entertainment 3. Gambling is a business for its owner so they have to be profitable Now if a person keeps playing even after winning such a huge sum, it's his bad decision. It's his greed which made him liable for his greed. Blatantly blaming gambling for every bad thing, is not correct! |
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Hi there.
I need your help..
I am going to exchange BTC at casino.
I had a lot of talk with hotel officials.
They did not know bitcoin.
They ask how the exchange will help the hotel.
How is it best for me to talk to them?
I do not get a clear answer.
I hope you can help me.
The hotel casinos will have some regulatory burden due to which they will be unable to accept bitcoin and give you cash against it. If you really want to visit a casino, better use a platform like localbitcoins and exchange your bitcoins for cash first and then use that cash in the casino. That makes more sense instead of making them understand about bitcoin because it is really hard for a layman to quickly understand the facility and feature of a cryptocurrency! |
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NOTE : i Am programmer & Serious gambler, all the websites i listed are tested and used by me, which means i minimum deposited 1 BTC in each of them & had no issues with withdrawal . Which means you can trust them as i verified there team and owner trust. 1> primedice.comGame : DICE Trust: 100/100 Team : 94/100 Features : 78/100 Allow Invest : NO https://primedice.com/2> stake.comGame : DICE + OTHER CASINO GAMES ( around 10 ) Trust: 100/100 Team : 94/100 Features : 93/100 Allow Invest : NO https://stake.com/3> YOLODICEGame : DICE Trust: 97/100 Team : 98/100 Features : 98/100 Allow Invest : yes https://yolodice.com/There are other highly rated websites available in the market apart from the websites that you've mentioned here!! What about those?? Also please let us know how did you rated these websites as per the parameters mentioned by you. Like for an example, you've mentioned Yolodice's trust is 97 out of 100, why?? On what basis, you have given these ratings?? Please elaborate! |
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STRATEGIES TO INVEST IN A BEARISH MARKET
Cryptocurrency investment is one that is known with the ability to bring massive profits and returns. If properly analysis and risks are considered, an investment will always smile on every of his investments this has been difficult for investors as the cryptocurrency market has seen more than 70% price drop since december 2017 , thus the trend this year has been bearish. Its interesting to know that profits can be made in any market trends depending on your strategies and expertise.
Now what is a Bearish market ? This is simply when the people sell their holdings such that buyers are diminished at every time. When this is repeated , the tend is called bearish. The sellers are called Bears.
Below are the Strategies to apply in a bearish Market.
1.Set Up Stop loss and Watch them closely : Stop-Loses and Targets are two of the most basic instruments that each and every cryptocurrency investor and trader needs to acquaint themselves with. Setting an order with a stop loss is fundamentally like an electrical switch which guarantees that once the price set achieves a settled low point, a deal naturally happens. This guarantees that traders and investor don't make loss or bigger loss on their holdings. Its important to follow your trades after Setting a stop loss in case you will need to make advanced decision.
2.Follow News :
It is basic for every cryptocurrency trader and investor to always follow the news especially for the sake of the cryptocurrencies they have invested in. Its good to follow steadily and closely through all social medias, Google News Alerts , RSS channels, and many more. This will help you to be updated with prices , latest development about the project and cryptocurrency community at large.
3.Understand the market trends and graph :
Traders and investors need to keenly observe and study the market trend and graph. In the past eight months, there has been slow and constant downfall with some little little uptrend in between the falls. Those that quickly observed this early would have known how to handle trade, investment and what more to expect as things unfold. So its necessary to compare past and present record to determine what might happen next and steps to take. This has proven to show high accuracy rate.
I hope this information helps everyone to be a better trader, investor and make more profits.
Thanks
These are the methods of general trading and not particularly for bearish market! For bearish market, the strategy is to take a short position if you don't want to ride small price changes! Otherwise, we all follow news, we all try to understand graphs and charts and majority of us set up a stop loss during our daily trading activities! This are general practices only! But if you want to ride the declining market and trend, shorting an asset is your best bet! |
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Michael Moro, who is a CEO of a major crypto trading company, talks about how people who bought into Bitcoin at the beginning of 2017 at $1000, are now starting to sell their coins. Is this an indication of massive FUD? Is this the time where we should buy and take advantage of the FUD sellers? When did you guys first buy Bitcoin, what was the price of BTC and are you going to panic sell now? Source: https://www.ccn.com/crypto-investors-who-bought-bitcoin-at-1000-are-now-starting-to-sell/I can't deny the fact that people are selling out of panic because the time is hard and unpredictable! The way way bitcoin price came down to the current level from 6500 level, is indeed a trigger for the panic! So who have just invested in bitcoin to make good amount of profits, they will sell their positions and take whatever profits they can! I usually don't consider them as a supporter of cryptos. They are just investors and joined the market just to make money! I accumulated majority of my holdings when the price was at $450, so I am still in huge profit! I'm sure that I'm not going to panic sell, at least not at this moment for sure! |
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The solutions KPMG has given are well envisaged. They have spoken about the holistic adoption of crypto assets by different segments of the market. Only institutionalization is not going to bring a big impact but it will certainly give us a solid step to move forward.
As per my experience in cryptos, I can briefly talk about the factors that can create a big impact in crypto market. The chronology can be similar to the below steps,
1. Regulation and legal framework
2. Holistic adoption by institutions and market participants
3. Adoption by small merchants supported by fintech companies
4. Social awareness campaign
5. Government's push towards innovation relates to blockchain and crypto
I can write a full sized article on this steps but these are the basic structure that can bring a good impact on the market and for the future of cryptos.
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A very well written article with valid arguments and reasons. Indeed a good read! The process it has described, is very simple.
Banks and brokers have accumulated a lot of bitcoins from their OTC market deals. Now they have bought future contracts with negative outlook and started selling the accumulated bitcoins to crash the market. Simple and effective strategy to make tons of cash!
However, I doubt any regulated banking institutions can do this legally! Shady OTC deals are happening for a long time so can't comment on that! But to bring down the price at this scale, the OTC volume needs to be enormous!
The scenario as described in the article is definitely possible and the way it was written, is very convencing as well. Just thinking about the volume we will require to do such kind of manipulation. Any idea?
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India has already shown its stance regarding cryptos and it is negative. Otherwise they wouldn't have banned banking services for cryptos. They would have maintained a neutral stance if they were unsure.
What D-Day you are talking about??
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Hey, Where to get 1-5 BTC gambling to start bonus without a deposit? Any good places? I know that must be played, but no deposit Purpose of use is well being know.  -Own mining farm!  I have a simple solution for your question. Go to google and search for "scam gambling websites". You will get a good long list of such websites and you will see that majority of such websites offers 500 - 1000 usd no deposit bonus. Create an account and play with them! Proper and legal Casinos and gambling websites are not stupid to offer such bonus to the public. Even if some website offers such exorbitant amount as bonus, this is for promotion. The lowest withdrawal limit is set at double of the bonus! |
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Indeed it's a great news! But there are reasons for Singapore to create a regulatory framework for cryptos and accept it within their economy!
Being one of the smallest countries in the world, Singapore doesn't have land to create manufacturing industries. These kind of industries are the main recruiter for the masses. Without the presence of such heavy industries in Singapore, they always have to rely on financials industries based on innovation which can ensure a steady cashflow to their citizens!
Crypto industry is fulfilling this exact gap. Being a new technology related to finance, cryptos have enormous potential to grow a business around it. Singapore wants to encash themselves exactly in this point.
I hope other countries will soon understand the potential and start adopting cryptos within their economy! But looking at the current situation, the effort may see a slowdown for next few months!
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This is again a part of spreading FUD. Until some actual news comes up you can relay on mainstream media.
They always have been providing wrong info, its nothing new.
I don't think it's a FUD. The OP has used the word "may" in the statement and the news also says the same! Nothing has been decided yet on cryptos but it is true that India has stopped the banks to provide services to crypto companies! A court case in this matter is still ongoing. This is because the governemnt is negative about cryptos in India. I won't be surprised if indian government may decide to impose a blanket ban on cryptos. It may be imminent or may be delayed. Even though such kind of bank is very hard to achieve, but it will discourage a lot of Indians from entering into crypto market. |
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