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581  Economy / Gambling discussion / Re: Does gambling excites you ? on: May 12, 2024, 10:08:33 AM
When you have been motivated and it excite you winning comes when you don’t even think about it when it also excite you even when you lose you don’t feel bad sometimes you feel bad, but not as much as when you just go for the money yes gambling is for the money, such as how everyone intention is to make money and gambling so People that is not putting much confidence on on making the money but it exciting they make the money without knowing and those are the people that we
Many people get excited after seeing attractive gambling offers and many people get more excited after winning gambling. But after gambling, everyone gets upset. However, they continue to gamble to recover their losses and are still very excited. But when they lose repeatedly and make huge losses, they realize that they are wrong. I get excited when I gamble because I gamble for fun so when I get excited, the fun i get more. But I gamble with limits now.  I used to be more excited about gambling for a while and I lost a lot due to excessive gambling. so I myself understood those things and brought myself under control
The best thing is for us not to attach any emotions to gambling, otherwise, if we are disappointed, it could affect us so much. I am thankful that I started off on the right footing when it comes to gambling because my first serious gambling attempt earned me 5 times of my wagered amount, and ever since then, I have been trying to earn through it in my own little way. The fact that I had it better at first didn't enter into my head, I made sure of that and I like to try my best to make true earnings elsewhere from gambling instead of relying on it which is what makes it easier for me.

Also, for the bonuses and perks, I even dislike that more, and this is because of the terms and conditions attached to them, so they can never excite me. I've been in the world of risky activities for almost 20 years now, so the entanglement of the bonus and perks through the terms and conditions were the hurdles I had to face many years even before noticing them in gambling. This feeling was what made me dislike them so easily in gambling. Guess that, the terms and conditions are worse in gambling than elsewhere. I like to deposit my money and withdraw it after winning other than winning and winning and still not able to move out my money simply because the bonus's terms and conditions have tied my hands. I don't like that!
582  Economy / Gambling / Re: My betting strategies on: May 12, 2024, 09:35:45 AM
However, you gambling strategy can be different from mine but what matter is that if we're not lucky, no matter the research that we do, we will lose the bet.
You are right to a certain extent here. Sportsbetting does rely on a good degree of luck indeed, but skills do help too which is why it's not 100% luck dependent unlike stuff like casino games in comparison.

The luck factor in sportsbetting can be further reduced through smart betting(Arbing, Card counting etc).

No doubt luck is inevitable in sport betting but the more smart you are the more likely you do away with luck by getting more regular win than losses, a good analysis can hit target of wining than when compared to poor analysis and lacking smartness.

Being smart doesn't determine that you are going to win but luck can be the greatest of all factor to consider in gambling. Sports is so simple in such that you only need to predicted which club will win, if you think you are smart enough and predict for your team to win, that may not happen because you can not have a successful prediction when ever you want. A sports lover will have more insight and can give a proper prediction than a novice but that doesn't make him smart.
in sports betting, real fans of the team and the industry itself are really good if we are talking about football, for example. I have a friend who remembers all the players’ lineups for 10 years and who scored how many goals, and yes, he places bets and is very successful, but he is the strongest in In my knowledge, whoever I see, he’s a pro.
Of course, such a person has a higher chance of being good in his prediction, especially when it pertains to his club. But at the same time, it is good to focus the beams further in the case that the club/team is playing with clubs he knows little or nothing about. This is why it is still about wide knowledge-seeking activities and nothing less and retraining. This may not be so needed in the spirit that the person knows everything about a certain club but to know everything about the team he is betting on. I said this because it is not all the time he will be betting over his team alone, there will be much more to bet on to avoid limiting his betting and earning in this regard.

For this, the general information of many clubs as much as possible is advised and this can be easily obtained from the internet as it is readily available for everyone there. Ours is to know the team to buy and the condition of the betting and the options we want to go for. Then make the right analysis according to the past histories and many other information at our disposal.
583  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: May 12, 2024, 06:35:05 AM
every casino platform once their customers to verify before the participate in their platform or deposit any font in their platform except it is the platform of Casino that have the mindset of scamming that we hide their kyc for their customers so it is good for a customer itself to ask for kyc before the person deposit any money in the platform of a casino website because if you have not done your kyc at the certain point a platform of casino might withheld  you not to withdraw, so basically I know that casino platform work according to their rules and regulations.
Even though you have done with the KYC verification, the casino has the right and its legal for them to ask their players to do KYC again.
So, do not think that after done with the KYC, your account has been whitelisted by the casino.
And the initial KYC is just a basic KYC, you will not be asked to submit source of income/proof of income, video calls, utility bills, etc.

Also, not all casinos that do not provide KYC features or refuse to accept KYC at the beginning are a bad casino. It could be just their marketing tricks to attract new customers.
Well, let me take the remark that the casino has the right to demand of you to complete the KYC again as a mistake because, at times, we may not be sensitive to the overbearing nature of these casinos, and this makes us cheat ourselves. Fine, they may ask you to complete the KYC again due to one reason or the other, but is the reason genuine and is the motive right? That's the first thing we should look at here. However, that "right" context is too much power-inclined in my opinion. The reason they often get away with this is because no one has sued them about it, at least, it is not popular if such has happened. We have our rights as well, only that things like this are often overlooked by gamblers.

If sued, the court may overturn their demand and let you withdraw your money from them, so it is not about one "right", it is just because they have that "Power" which you mistake for the "Right." Fine, they can ask you for additional documents as well, that's a better bargain, but still, all these show the excesses and misrepresentation of casinos in my opinion. I tell you, asking for videos, for instance, is just nonsense to me. What if a look-alike did the video? In my family, my brothers may do this for me and nothing will happen. This is why I do not like the idea from the beginning, it has never been a very good way to verify, only that some companies like to make life miserable for their customers for some ulterior reasons, rather than genuine.
584  Economy / Gambling / Re: The most liquid companies in the gambling industry on: May 12, 2024, 05:51:09 AM
If we are choosing on criterial to use in making selection of a gambling platform, then we can take into consideration the most liquid gambling platforms, but however, we must never forget that there is nothing in using this indication as a means to having our satisfaction with them because that alone is not what should constitute the measure we are going to use in other to make our preferred gambling platform selection
The most liquid casinos are the biggest, those who accept big bets from the sharks. However, for most gamblers who doesn't really bet much, we don't need to be in the liquid casino, we just need to choose a casino that would satisfy our wants.
You have a good point, since some gamblers are low-net betters, they do not need those biggest casinos, but that is in a way, it is a very wrong school of thought at the same time. Look at it like this, do you think it's easy to locate the casinos that will treat you fairly if they are not big? This is why many are falling victim daily.

But if the casinos are big enough and popular as well, it will not be difficult for you to locate them. Just like Stake, and your stress of researching about them to know whether they are good or not will be lessened because much would have been known about them by many. Also, being highly liquid means that your little money is nothing to them, so they have a very low probability of being greedy for your little money, which is a plus for you.

But for the small and less liquid casinos, my brother, you have enough to worry about even with a $500 withdrawal at times.
585  Economy / Exchanges / Re: Binance founder should be jailed for 36 months, US prosecutors say on: May 12, 2024, 05:28:23 AM
He should have even been forgiven with no jail term since that is what you seem to want.
Nope, but I am also not disappointed with 4 month prison sentence because I understand how things work in real life.
I am trying to understand how these 4 month prison will affect him. Either he will return as a peaceful person and not try to engage in any activity that the government does not want, or he will go in the opposite direction. CZ does not seem like someone who gives up easily.
Of course, there will be a little bit of remorse, and I wonder if he will return to being the CEO of Binance anymore, even though he could still be the one cutting the shot indirectly. I suspect that he will do that to further save his head from a lot of issues because if CZ is caught again as the person in charge, it will be tougher than it was this time, so I am sure he will try to play smart.

Canada just slammed Binance with a $4.38m fine for money laundering, and this could only mean that they are not so strong in Canada as they are in the US (Binance.US) where thorough means of regulation was put in place, or else, it would have been worse on the revelation that Canada would have found.

I wonder what is happening in the global branch of Binance where no one is there to question them. If it had been exposed, probably, CZ would have been given life... Grin
586  Economy / Speculation / Re: Why Bitcoin Price is Down Today? on: May 12, 2024, 05:06:32 AM
Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?
Do not think too much about this, the main and only reason why Bitcoin was down on Friday (because it's the last day Bitcoin showed some serious dip) is because it is not done correcting lower. We all know what the ETF hyping caused last year against this year, it actually helped Bitcoin to move more than $40,000 upwards if I am correct. This couples with the fact that Bitcoin started moving upwards in 2023 from a very lower level, so trying to make a determined correction is not out of place now especially this time when FUD is trying to reign and FOMO is gone as well. Bitcoin slipped into a bearish outlook in short-term disposition which I still believe is for a long-term retracement, so do not expect it to end the bearishness yet, at least, not unless it successfully breaches above $73,850 (ATH). This is when we can now believe a serious bullish trend is rekindled, and such which could take it upwards.

And in case the recent bullish attempt confused you, the coin was only helped by some US news, which made it have some short-term gains which were not sustainable. The Dovisness of FED and the multiple news like the main Unemployment rate, Average Hourly Earnings, and the NFP among others helped Bitcoin to grow in almost 2 weeks. But Bitcoin can't help itself further for the lack of buyers due to uncertainty. For this, the overall outlook of the coin is negative, so I expect it to maintain it for a while even if it does not fall so much.
587  Economy / Gambling discussion / Re: Are You Using A Journal Spreadsheets Will Pave The Way For Addiction To Gambling on: May 12, 2024, 04:37:47 AM
There is a thread about a guy who created a thread about his bet and will make it his journal for betting

Hi everyone, I am going to attempt to turn 0.05 BTC into 1.7 BTC with football/soccer betting. I will be using this post as a journal for my bets.

I want to ask: Are Using A Journal or Spreadsheets Will Fave The Way For Addiction To Gambling? My reasoning is that by creating a spreadsheet or a journal, you are taking gambling seriously and looking for ways and a means to win in sports betting or luck-based games.

Does anyone here have their own journal or spreadsheets, and are you taking gambling seriously?
About this, I won't say I'm surprised, it is all about how we take betting. Some take betting as a casual extra activity where they can try their luck and have fun without laying so much seriousness to it, while others may take it seriously. Among those who take it seriously will surely be those who are trying to be thorough with it to the extent of having their gambling record. Either, I can't take gambling that seriously even though I am fully engaged. I have other things to rack my brain with than gambling, and my philosophy about it is that if I win, I win, and if I lose, I lose, life goes on. However, a thing that I do better in gambling is to make sure that I am committed to responsible gambling, that's just it.

As for your questions, the only way someone will have a journal for gambling will ever be for accountability and I do not think such a gambler can be addicted or be an irresponsible gambler doing that. The moment the person is addicted and irresponsible is the moment that he will even forget he has a gambling journal. Surely, this is not about the way to win or analyze better, even in sports betting, all the records are online for your consumption, and can even be stored in the brain for future use. For these, I think his motive is for proper recording and accountability.
588  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 11, 2024, 07:27:00 PM
I agree with your first sentence of gambling being where we spend money, but the popular notion with people is that gambling is a means to earn money, and some even go as far as taking gambling as means to become rich quick which have oftentimes end them in frustrating outcome and result.

Gambling shouldn't be taken as anything other than fun because once you take away to the fun from gambling, you end up with frustration since the house edge is always there to put the casino at an advantage over the players.
Well, having the mindset of gambling as fun is the best, but still, you may at the same time not deny yourself of making the money in there if you have the opportunity, and the opportunity will not even come if you do not give it all that it takes. For me, the only difference here should be the mindset we have in trying to make the money in gambling, if the mindset is bad, then everything could be bad and can lead to desperation and frustration. But if the mindset is good, no matter the outcome, it will not hurt much even as the gambler is not taking it as a do-or-die affair, it is never a must to earn through gambling.

Whether we like it or not as well, gambling can't be pretended as an avenue to have fun without the temptation of making money, and if I may ask, how many people are even having fun in gambling or taking it as a fun-filled avenue? If there are, the percentage will be so little. This means that most people are gambling for the money and we can't eliminate the fact that so many people are professionals too and are making money through it. This is why I always advocate sports betting to make gambling easier and still override some of what you alleged gambling and the house of. But when it comes to the casino itself, then you could be mostly right.
589  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: May 11, 2024, 07:12:10 PM
~
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Better to be in positive even if it's just a small amount of earnings, as the chance of losing always higher compared to your chance of winning, the fact that gambling always accompanied by risk and without good control of your emotions will continue to lead your way to lose all the money inside your wallet.

I actually think that another big mistake repeated by some gamblers all the time is thinking that their winnings are small with the bet they make and that they should increase their bet size. It's true that with 10x multiplier you'll win $200 if you bet $20 and you will win only $2 if you bet $0.20, but the thing is that you can quickly lose all your balance betting $20 at once and never hit that 10x, that's what must be kept in mind always.
Everyone dreams of winning more. there more greedy people are in gambling, the more dangerous they are. Greed and emotion push people into risky investments, including gambling. If someone bet $0.2 and win 10x he will get $2 but our emotions won't accept it our greed will push us to bet $20 as if we win $200 but we never think that these are losses.  If we do we lose $20 instantly. this is our main problem. So our main focus should be controlling our emotions and greed
It's like an inbuilt virus that runs through the veins of almost every human on earth and that's why it's very hard to be content sometimes with the winning that we have already gotten from gambling, instead the idea of doubling the first actual amount you intended in Winning to even bigger amounts. Sometimes the plan to win little amount will be the goal but the moment we achieve that the plan gets bigger again.
It could truly be likened to an inbuilt problem but the fact remains that it is still about our emotions and how we can retrain and caution ourselves in whatever we do. Gambling is not an exception here and the fact that it's risky and tempting at the same time is the reason why we should fight better. It keeps calling that we should bet no matter the plans we have, but the question that we should be asking ourselves is whether or not what we are doing is the right thing to do. And if the answer states that it is the right thing to do, then we should continue to strive to be in that line and not deviate, but if it is not the right thing to do, we should then avoid it at all costs and not change our minds due to emotion.

We all have to know that the best antidote to emotion has always been discipline, let's be disciplined in all we and also be so determined about it because merely stating that we want to be disciplined can't solve the issue but the determination that we are truly disciplined. That's the only way we can stick to our budget and plans as gamblers.
590  Other / Off-topic / Re: Why do people lose in gambling and still go ahead and bet more? on: May 11, 2024, 04:35:22 PM
I've a friend of mine who always complain that ever since he started gambling he haven't won a good amount, instead he'll be winning less money than what he expected but he can't stop. So I'm asking what do you suggest he should do at this case. For me I told him that he should know that gambling it's a game of risk and luck, but with the constant betting you might win the amount you've at mind someday. So what are your suggestions towards this.
The problem is that your friend is weak, I mean weak in his mind and decision-making, that is what he has to tackle since that is the source of his problem. He needs the Willpower to say No and Yes at the right times and over the right things so that he will not just be wasting himself away and the resources he has. He should start by acknowledging the fact that gambling is an extra activity and, not the mains of life.

By virtue of this, he should stop believing that his blessings are in gambling, otherwise, he will remain in his poor state. He should rather look for a better earning means, especially the ones that will get him so engaged with them and invariably disengaged with gambling. That's the way out. And if it is difficult for him to unplug himself from the act immediately, no problem, he should start by trying to give himself some breaks from it. It could be a day, two, a week and so on. It might be insignificant at first, but upon increasing this painstakingly, he will discover that he is getting loose off gambling.

Nevertheless, since he has not been gaining at all, that could mean that he is gambling only the casino aspect of it, why not he try sports betting? However, if the result is the same after about 3 months, I strongly urge your friend to quit gambling, it's not just his thing.
591  Economy / Gambling discussion / Re: Do you care about what people say about you gambling? on: May 11, 2024, 12:14:52 PM
If we take care of ourselves to gamble, we won't need to see what people are thinking. There are some gamblers who become so crazy about gambling that they are ready to do anything to gamble they are not aware of anything people say a lot about these gamblers. That's why gamblers don't have to worry about what people say if they are aware of gambling and not reckless.
correct as long as you are not disturbing nor hurting anyone people will never care about what you
are doing and of course as long as people are not seeing anything bad for themselves as well because
sometimes come to show concern because we are human of course not counting those stupid karen or
those who only cares for what they can find wrong to others.
Lol...well, it's your life, it's your money and your right as well. Those are my rules in this life even as I live my private life that is not even warranting anyone to poke their nose in my affairs. But at the same time, it is good that we listen to and care about some of them, especially if what they are telling you is the right thing, to say the least. This could be in many cases/forms, especially when the gambling activity is not positive for the life of the gambler and makes him irresponsible. The earlier you care about what people say for your own good, the better for you. But those gamblers who could be proud are those who are not gambling badly and are responsible in doing it.

Even if they do not win often, they are not such that gambling has turned their lives miserably. They have a lot to be proud of, but not the dirty gamblers who are only addicts. Such has caused the attention and interference of people to themselves, so what do you expect? This is why the "cared and uncared attitudes" of a thing are subjective and we should treat them based on the personality of the persons in question.

It's not always about being headstrong, it can't always vindicate us.
592  Economy / Gambling discussion / Re: Double your money and quite on: May 11, 2024, 11:40:18 AM

That's right, it means that there are two wastes here, namely losing money and time for nothing, actually all of that happens because they have such high hopes for victory that they give up most of their time and money to start the game hopefully, even though it is very clear that having high hopes for something that has absolutely no certainty and guarantee whatsoever will only increase the possibility of disappointment at the end of the session when everything ends up with results that are not what they expected.

This is why it is very important for a gambler to have a healthy mindset and a rational point of view, not least because that ability will be useful to make them make the right decisions that do not lead to an impulsive or excessive approach when it comes to treating gambling activities.

Having uncertain hopes for the results is clearly a mistake and in gambling there are many gamblers who are too obsessed with winning even though it is clear that there will also be defeats which will often occur and they will experience them but for some reason the hopes and perceptions are not yet real. That's exactly what they continue to do instead of stopping immediately.
Yes, I totally agree with you, as gamblers we have to have a good and correct mindset and perspective because the goal is so that we don't see that gambling is an activity that will make a lot of money, on the contrary, that is, lose a lot of money, so we have to always be careful there.

Exactly, as you said above and I will repeat it that the biggest mistake of a gambler is when they put excessive hopes on winning or those who are too obsessed with winning that they don't even hesitate to risk large sums of money, when in reality however gambling is a gambling activity that bets your money on two possibilities at the end of the session which is between winning or losing, So of course the idea of focusing too much on winning in the end as I said that it will only increase the possibility of disappointment at the end of the session when it turns out that what happens instead is defeat, but it is natural because after all defeat is a part that can never be separated in gambling.

This is why it is always advisable to bring a rational mindset and point of view when you want to engage in gambling activities, the benefits are clear so that you see gambling in a balanced way and not only see in terms of winning opportunities but also see in terms of possible risks and this is also the reason why a gambler is always advised to only bet small amounts, none other than so that you can accept the risk of losing and also so that you don't get too emotional when it turns out that the results at the end of the session are not as expected.

Yes, and the point is that we as gamblers must have a clear mind about gambling itself because gambling is an activity that is about chance of the results obtained later and we must always be ready to accept the results wisely because whether it is good or bad, that is the risk that will arise. What happens there is victory and defeat.
And I agree with your opinion that we should only gamble with small money because it is a safe way so that we don't regret it if we lose and lose our money easily and quickly.
No one goes to gambling with the intent of doubling their profits all the time and not being negatively affected one way or another. It is even an aberration in gambling for someone to beforehand have the mindset of success to be made. Such gamblers are always losing and getting discouraged which is not a good thing. The mindset of gamblers must be neutral and refined, but the gambler must however be well-prepared for what is ahead of him. This way, the gambler may get prepared for the way to gamble and the budget/managerial means that will not let them lose their money easily. Gambling is not what we should have that desperate plan about, otherwise, we will continue to lose in our folly.

Also, it depends on the aspect of gambling we are talking about as it is easier in one aspect than in the other. It is easier in sports betting to make money than in casino bettings which require a higher degree of luck as the odds of the chances are so much against the gamblers since they are in the favour of the house in most cases. This is why we should always be prepared for the worst instead of having the belief that we will have a certain success in gambling. What if it fails? That can only lead to one thing, and that is desperation and frustration.
593  Other / Off-topic / Re: Have you won a bet with your last cash? on: May 11, 2024, 11:22:19 AM
I am on the verge of giving up gambling because every time I play with the last money on the deposit, I lose. Slots, poker, betting - always. My last bets always turn out to be losers, and it seems to me that luck is not on my side in this case. Recently, while playing slots, I made 8 spins and did not win any prizes. It's just a shame. Statistically, I should have won. Perhaps it's time for me to admit that I'm not lucky in the field of gambling and this is not the place where I'll get rich :/

It is never possible for every gambler to get lucky while staking their last cash. That doesn't go well with me at all and besides, it is a very big risk. I am a student and there are just some level of risk I can take with the money I get from my parents. @summonerrk, I am as unlucky as use if I mistakenly gamble with my last cash.
Student or not, the change is slim so it's so irresponsible to have such a huge belief in that. This is one of the many things we preach against here, we should not be desperate in gambling whatsoever, not to the point that we will now be using our last cards to bet. That money is better used for the right purpose, what if it is lost to gambling? No matter how little the money is, it is not worth it to sort for another money to do the same purpose the original money should have done simply because we gambled with it.

Fine, the OP was happy, just because he is lucky, but how much more of those who will be the victim of that circumstance? Who knows if the OP had even done such again and regretted it afterwards, so it is so bad. In my experience, those who use their last card and get the luck from it can't be up to 5%, so why take such a high risk (95%) when the chance is so minimal? That's so irresponsible and unreasonable if I must say.
594  Economy / Gambling discussion / Re: Is it proper for younger ones to gamble? on: May 11, 2024, 10:41:33 AM
Because nowadays the younger ones take gambling more seriously then school. Yesterday i got back home early so I decided to step out and go to a betting shop to catch some fun while gambling, I saw two teenagers gambling with their school uniforms on them.

I asked someone besides me why did they allow this boy's to come in with their uniforms and gamble, he said did they put any restrictions that younger ones are not allowed to gamble. I said but it's not normal, I replied him what if this are your kids would you be happy seeing them gambling with their uniforms on them. So what do you guys think about this situation at hand now.
What I think about this situation is that you overexaggerate things, it is not as bad as that. Well, I do not know your country and neither do I know your locality even if we are in the same country but one thing that is certain in my country is that no matter how bad the locality is, you can't wear your school uniform to gamble, except in some few cases where the situation of the neighbourhood is very bad. There are also a few instances where the parent or a senior person send the student to play for them.

However, it is so irresponsible of the gambling agency to allow such students or known underage to gamble. The agents should be arrested and tried in a court of law to be a deterrent to others.

Other than this, you will not hear of such in my country and many people will even frown at it. Now considering how it is in my country in the worst-case scenario, you can see that it is even minimal to warrant the importance you are laying on it.
595  Economy / Exchanges / Re: Binance founder should be jailed for 36 months, US prosecutors say on: May 11, 2024, 09:15:41 AM
Hahaha...I am just seeing this now, well, Changpeng Zhao has already been sentenced already, but I must say that I am not satisfied with the jail term handed to him.
All of you who expected that one of the richest persons in thr world (who also pleaded guilty) will gte a long term sentence over something like this is extremely naive. Tbh, I am surprised that he even got those 4 months, let alone 3 years as demanded by prosecution.
There is no naivety here but a preaching of justice, and a show of the fact that the justice system is bad, at least in some cases like this. If a huge money could be laundered where terrorists, drug barons, and child and human traffickers are the end gainers, and the pusher of the money was caught and has such a reduced sentence. Such would never sit down well with someone like me, I don't know of you.

He should have even been forgiven with no jail term since that is what you seem to want.

Quote

The 4-month jail term handed to him is too little and I think that regardless of whether he pleaded guilty or not, the 36 months (3 years) was supposed to be a more appropriate sentence in my opinion to be a deterrent for others like him.
Do you honestly believe that even 3 years in prison would be a real deterrent for someone not to engage in money laundering that can bring him billions of dollars?
Yes, it will be a deterrent for them. Maybe you should do the calculation of the 4 months they slammed on him x 10 + an extra 2 years or thereabout. If he spends a minimum of such in jail with hard labour at the same time, can you compare it with the luxuries of his home and the social life he would miss?

Of course, he can't be kept in jail forever, but one punishment outweighs the other, and hence the deterrence.

They will continue the money laundry and illegal acts simply because they have money. This is also the reason why I keep asking myself whether the law is for the poor alone as the rich due to the money they have and their status in society always find their way around it to either escape justice or be served a minimal one.

Age old question, and there are plenty of outliers with the small guy winning for once, but the law, as long as it's politicised (which it is), can only favour the status quo. Of course, we get upheavals where the letter of the law crumbles and the status quo is replaced in bloody fashion, but the cycle only renews then.

We're all trying to be part of that, at least I realise it =D
That's a very good one...The justice and equity preached are not equal. That's the world we live in.
596  Economy / Gambling / Re: Share trusted VPN Friendly crypto casinos on: May 11, 2024, 08:55:42 AM
As you said, if the casino is such that restrict our country, we should not play smart but abide by it. After all, such a casino is not the only caisno in the universe. But what I will like to add in this regard is that even if the casino claims they allow the use of VPN, still do not use it. Out of experience, many gamblers are not victim of the multiple account allegations, but some are mere victim of the use of the free and cheap VPNs. Once the VPN is not allocated to you personally, anything can happen. But the sadest part is that casinos will not even investigate it but label the gambler a cheater so that they can steal his money.

In this type of things sometimes it is not what you think, in 2017 there was no KYC, you could play with VPN and there was no problem, because the casino cares that the player enters and plays, deposits and plays nothing more, in fact For any problem the system assigns an ID which is a way of identifying everything so that it can do things well and they can solve the problems, so in this order of ideas the things that can come out now are a series of advantages that they wanted to sell us, the VPN is to be able to access any site bypassing government prohibitions, so for me that is not bad, I believe that everyone deserves to access sites regardless of geographical area.
I think you are missing the point here and it is not about the time the KYC started being enforced, it is about the mode of enforcement and usage of it which could be misleading, overbearing and selfish at times. Also, I know all the points you stated above and no one is denying the fact that VPN can be used by the residents of countries where a certain casino or website has been restricted by the IP so long as the use of VPN is allowed by the website itself. But my main point is that there are risks as well, which many may not be looking towards but can still put them in trouble, and as a matter of fact, it's constantly putting them in trouble.

For those who are smart about it, the casino could discover that the customers use VPN and use it against them, guilty or not. This is why I entirely preached against the use of VPNs in casinos. We've seen enough cases on this forum where the casinos will always be alleging the use of VPN or multiple accounts while the gambler will continue to swear it was not true, I feel for these guys, so what do you expect? I am a smart person and I think the smartest way to go about this is to use your local IP, and if a casino is not allowing your country, just skip them and move to another to avoid the VPN usage and VPN-caused multiple accounts detection, which in many cases can't be true but a way for the casino to do their thing against the gambler.
597  Bitcoin / Bitcoin Discussion / Re: Why is Bitcoin the Dubmest Thing Ever Invented on: May 11, 2024, 06:12:29 AM
Bitcoin is the dumbest thing ever invented.
If you think Bitcoin is dumb then why you're present on this forum? If you don't like the idea of Bitcoin and find it useless then I believe someone like you should not be part of the forum that's a place for Bitcoin community. You need some research I believe, no I think you may need some treatment so you can understand Bitcoin properly.
For me I think he is just a troll that needs people to actually notice him just like the other fella who always shares post about how he is the original Satoshi Nakamoto and the owner of the forum. Sometimes when I see post like this, ignoring them is probably the best thing but with that being said how can someone even think of uttering such nonsense that Bitcoin is the dumbest thing created, well it's simple if you like being a financial slave to the system then you are free to go but other who don't know the importance of BTC.
How is investing in something that people need being a slave, but investing in something no one needs being free? If I invest in dollars I hold something that masses of people need for paying off debt owed to banks. I am the master, not the slave. On the other hand, if you traded dollars for Bitcoin you are the slave because you need other people to invest and buy your Bitcoin otherwise you cannot get your dollars back. It's hilarious how you Bitcoin evangelists think that you're the masters while in reality you're the slaves.
Let me say that I appreciate your wisdom and insightfulness about words from the main OP and your subsequent replies. Many take the ideology of Bitcoin to the extreme even though it is not perfect and I think I am one of the few who tells some facts about it here since I've been in the world of investment before the crypto era, unlike many of them who's eyes are just being opened to investment due to cryptocurrency.

But from the main OP, your narration was not without faults but I still say that I give you 85%, you are indeed a thinker. Well, you might be wondering why the denial of the remaining 15%, it's because (though risky) whether physical or virtual, anything could be related and referred to as an asset. All the things that are being labelled assets today are because of the importance/relevance people place on them, and whether virtual or not, once people appreciate it to the point of investing and holding their money in it, they are assets and valuable, which is also applicable to Bitcoin in this context.

That said, Bitcoin as an asset can do almost everything that fiat money can do as well, all you need to do is to convert it one way or the other and the debt, loan, and mortgage as you cited them in the main OP will all be paid. Obligations can be fulfilled with Bitcoin, for real! About the bonds and other collateralized arrangements/agreements, what is happening in the crypto space is not any different, only that it is not so popular in governance and since many centralised systems have nothing to do with cryptocurrency but fiats, the popularity of such arrangements/agreements, and dependency in such can't be as though you are dealing with the fiat currencies like the USD.

Lastly, I give you 100% in this current OP, and my reason is simple, I 100% agree with you (in summary) that the fiat can do without Bitcoin but Bitcoin can't do without fiat which makes the fiat the master regardless of whatever anyone interprets to it. I've always indicated this even as some always preach Bitcoin as the supreme of them all. Let's be realistic!
But the whole point is that Bitcoin is not an asset.
-snip-
I disagree with you in its strong terms to the point that I didn't even bother to read the rest of what you wrote. Bitcoin is an asset and nothing will change that. I've lived in the world of financial markets, payments and settlements long enough to know the difference in this regard. It is so plain and obvious but I wonder why you have not seen it. Maybe you should do your independent research about it and not rely on your wisdom alone.

Even Investopedia called Bitcoin an asset among other renowned business, trading and investment websites/outlets. There is no controversy here as Bitcoin is a virtual/digital asset, this is unless you do not even know what asset means. Fine, Bitcoin might be guilty of some of what you narrated in the main OP, but certainly, it's an asset. If it is not an asset, why are people buying and holding it? Don't you know that anything you invest your money in is an asset?

For short, an asset is a store of value and Bitcoin perfectly fits into that fact/narration without mincing words. For it to be a "digital" asset doesn't make it less of an asset. The world is revolving and it's high time you accept this easy fact.
This is like saying that an empty box is an asset. No, that what is inside the box, that what the box holds is an asset. Bitcoin box holds nothing. So there's no asset in the Bitcoin system. But understandably, people like to believe the opposite. If someone spend $70K on an empty box they obviously won't admit they bought nothing. They would say that they bought an asset. A digital gold. A precious intangible commodity. Whatever. It's a Freudian defence mechanism.
I think I know where your confusion is coming from, you just do not want to accept that there is a virtual or digital asset simply because they are not what you can see with your eyes physically, but you are so wrong. First, I would like you to perish the idea that you will have to be able to touch something valuable before you can label it an asset. Ordinary papers and drawings that were worthless before are being sold for millions of dollars today, this is not because they suddenly became gold or diamond, but because people place relevance/importance on it. Take for instance the Monalisa paint, it is worth a fortune ($100m in 1962, and now over a billion dollars), but do you think the material used to paint it is worth up to $100? Nevertheless, it's being sold for millions of dollars, why? It's simple, people place a relevance on it, which makes it an asset. This principle is what stocks and even bank cheques and notes/bonds work with. There are values placed on them because liquidity is backing them up.

Also, do not think that the operations of the companies you buy their stocks is the worth of the stocks and the company itself, no, people are buying stocks of companies without having anything to do with the company in any way, and that keeps adding value to the company to the point that people can fulfil financial obligations with stocks (virtual/digital). Asset is all about people's money, and nothing more. The same goes for Bitcoin which has a market capitalization of over $1T, this is huge and many physical assets do not even have up to that and they exist as assets. Today, you may buy your Lamborgini and tell the seller you will clear the bills with a certain amount of Bitcoin. Can a valueless entity as you claim do that? Only an asset can do that just like bonds, cheques and other financial settlement means do. It is you who needs to change your orientation about the virtual/digital assets, for them to have been created empty doesn't mean they will remain empty. The moment people are moving money in to back it up and place importance on it, it becomes an asset. Besides, anything you trade in the financial market is an ASSET. Thankfully, Bitcoin is one of them.
598  Economy / Speculation / Re: Now is the best time to buy the dip and HODL on: May 11, 2024, 05:48:18 AM
Btc price has dip below 60k, and most investors who may be wondering when best to buy the dip I think now is the time to buy the dip. it may not dip below this anymore. I know it fell to $56k but I urge people to buy more now before it rise again.
Thank you for this and judging by the time of the creation of this topic with what Bitcoin is doing now, I would say that you had it coming. It's a well-known fact that Bitcoin seldom moves below $60,000, not to mention the fact that it almost hit $56,000 in the last bearish correction. Any time it moves below the level and also has the opportunity to show some bullish pattern is the right time to buy indeed. This time, it was the FOMC meeting minutes of last week that helped it before the many news of Friday added to it.

Regardless, Bitcoin is moving higher and higher and sitting above the $60,000 psychological level means a whole lot to the coin and its investors. This may attract a more positive outlook to it for the time being. Although there are many hurdles to be faced by the coin on the bullish path even as I am sure it will indeed struggle to get to its current ATH. Let's see how things unfold, but if it can't breach $67,629 upwards, it could become another issue for it.
599  Economy / Gambling discussion / Re: Where Will It Go If The Money Comes From Illegal Source on: May 10, 2024, 05:01:30 PM
A question like this has been raised many times in the past even before the crypto era and only three answers keep winning over and over again. Even the centralised financial systems and services are also applicable in this regard. However, to summarize it and without mincing words, the following three points should be considered as where your money will go in this kind of situation.

1. If your casino is duly registered and regulated, and is sincere with integrity, such money would be disclosed to the authority after a certain duration of time (grace time). This could take months, if not years to give time for you to reclaim the money with legitimate means/proofs. How the casino and the authority will deal with the money now depends on the two of them.

2. Some casinos will do partial revelation. They will reveal some cases and cover the others. And since it is their system we are talking about, it will be easier for them to do so.

3. For the last set, they will try as much as possible to keep the whole money for themselves whether you like it or not, no revelation whatsoever. This is especially if the regulation tying them is very weak.
600  Alternate cryptocurrencies / Altcoin Discussion / Re: Buying more of the Dip on: May 10, 2024, 02:17:53 PM
While you are scared, El Salvador keeps buying the dip every day.

it seems like El Salvador is taking advantage of the current market conditions and adding to their Bitcoin holdings. As of now, they own 5,700 Bitcoin, which is quite a significant amount. It's an interesting strategy and shows their confidence in the long-term potential of cryptocurrency.
anyways for now i'm happy about the halving and will be celebrating it with the Halving carnival Bitget exchange is organizing, who knows if i can win some free bucks and buy bitcoin too

what are your thoughts on this Anon ?
For me, we should not compare a personal treasury with a state treasury, the impact or the attachment on the player varies as one is a personal resource, while the other is a commonwealth, which was just entrusted in his care. President Nayib Bukele has made more name for himself with Bitcoin adoption and subsequent engagements, but don't you think he is taking too many risks, and perhaps gambling with the national resources? After the ones bought before 2024, I expected a good futuristic person to wait and carefully study the context of "Bitcoin" itself. Many may appraise him or even idolise him for what he is doing, but I don't. All I know is that he is gambling too much with the national wealth and it is an ugly act in all senses, he should give more time to study Bitcoin.

Fine, Bitcoin is a very good project and I love the way he made it a legal tender in his country, but a cautious and conservative approach is the best in all investments in case things do not work as planned. The fact that the money used in buying it is public funds and not personal is more reason why I advise people to be cautious in following his footsteps contrary to what you want them to do.
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