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581  Economy / Gambling discussion / Re: Do you think casinos can stop demanding KYC? on: July 14, 2024, 11:42:53 AM
Casinos existed without the need for KYC's until the government made it a requirement, and they started demanding it. IMO If the government no longer requires casinos to do KYC verification for new gamblers, casinos will go ahead and still do KYC verifications because they have seen the benefits of knowing their customers better than when they just allowed people to come onto their platform and gamble without their knowledge of who they were. What do you think? Do you think some casino's will revert back to non-KYC and allow money launderers, plus other fraudulent people have their easy way with them as a way to attract customers, or since they recognize the personal benefits of KYC to their casino, will continue demanding it even if it affects their customers?
We do not really need to make any guesses to know what it will happen as we saw what it actually came to happen, casinos did not implemented widespread KYC policies until the governments mandated them to do so, what does this tell us?

That casinos are perfectly fine with letting gamblers bet as much money as they want without forcing them to identify themselves, as casinos do not really care about that information, what they care about is the profits they can make, and a higher level of privacy gave them an edge over fiat casinos they could use to their advantage at the time.
Casinos didn't have KYC policies before governments began to mandate it so I doubt that they can continue to demand it if the government doesn't need it. But I doubt that KYC requirement from gamblers is going to stop because of it's success in reducing money laundering so it has come to stay permanently. Casino owners are business people and they wouldn't care if criminals are gambling their money, provided that they're making profits. No business person will ask how you made your money when you want to spend it on their products or services, they're happy to collect your money and let the authorities worry about you intentions of patronizing them.
582  Bitcoin / Bitcoin Discussion / Re: Historical mistake: England sold gold in 2019 and Germany sold BTC in 2024? on: July 14, 2024, 09:32:16 AM
Bitcoin investment is a business where people, institutions and governments can buy and sale it. I'm personally not making a bid deal about why the German government should sale their BTC at this time, the important thing is if they're selling at profit, if the Bitcoin were seized or they bought when price was $20k and are offloading it now, then I think that they're not doing so at a lose. They will probably divert or reinvest the funds gotten from their sale of Bitcoin into another asset that will benefit their economy, it's not necessary for them to hodl Bitcoin as a national reserve.
583  Economy / Gambling discussion / Re: Betting on favorites or upsets? on: July 14, 2024, 08:00:14 AM
I think it should be betting on huge favorites or upsets.

Normally, when a team that is heavily favored to win loses, it's called an upset. But when a slightly favored team loses, they are called overvalued. Anyway, when it comes to betting, you don't just use one pattern like betting on the favorite or underdog all the time. That's why there are odds to use when analyzing the game. Sometimes you bet on the underdog, and sometimes on the favorites, but what's more important is to try to bet on the right side most of the time so you'll end up profitable.
Gamblers should be dynamic and not stick to one patten, you can bet on your favorite team today and feel like betting on the upsets or underdogs tomorrow. There's really no need to be rigid in gambling, that will take the fun out of it, just go with the flow and follow your guts to bet on the team that you think will win a match. I think that it's best to bet on a favorite team to win in a match because they're a favorite for a reason, there's a high chance of the favorite to win against an underdog, although upsets can still happen. Nobody can take the luck factor away from any game, it's the final whistle that will determine the winner of a match, so bet who your mind tells you to with the amount that you can afford to loose.
584  Bitcoin / Bitcoin Discussion / Re: German Government completely sells off all its bitcoins. on: July 13, 2024, 11:55:35 AM
I see some people reporting that on Twitter but is it considered as sold simply because the funds are no longer in their cold wallet which is what the Arkham intelligence page is checking from my understanding? I mean the bitcoin could simply be sitting on whatever exchange they sent the funds to, and still have not been sold yet. Right?
Two things are involved: either it was completely sold or it was moved to another wallet. Whatever be the case, it generated negative market sentiment and the market responded accordingly. If the coins were deliberately moved to another wallet, the purpose will not be far from market manipulation like many people suggested when this whole thing started. They did not dump outright, instead, they were selling and also buying. Nevertheless, with empty wallet at this point, there are high chances they sold off.
It's true that whether the German government sold their Bitcoin off or they perhaps deposited them on exchanges, it has generated a negative impact in the market. This goes to show that news is one major factor that affects Bitcoin demand and supply, hodlers reacts to these news either to panic and sale or FOMO and buy. I tend to agree with the members who are of the opinion that it's most probable that they sold off all their Bitcoin. Whether it's whales that are offloading their bags, institutions or governments, it's effect on Bitcoin price will only be for the short term, so I'll just hodl and wait for bull run.
585  Economy / Gambling discussion / Re: What’s better to make a good profit - Trading or Gambling? on: July 13, 2024, 10:59:59 AM
You can make more money from trading than gambling if you are a professional trader because trading is based more on skills than luck. However, gambling is depends more on luck than trading which makes it difficult for you to be a professional gambler.

If you don't understand trading or have a good trading skills and your are trading, it is the same thing as gambling for the person because he will always run at loss just like gambling that is more of losses.
There's no accurate predictions on either gambling or crypto trading, however both have different levels of risks. Gambling doesn't require much skills, infact most games doesn't require any skills to play, they just depends on luck to win. Whereas crypto trading is hard and requires learning it's fundamental and technical analysis before understanding what the determinants are before placing trades. So trading requires the trader to learn the necessary skills to become a professional trader and that makes it to be more profitable because he understands the crypto market. Meanwhile for gambling, especially casinos games and lotteries are based on luck. It's only when someone is trading without any experience that you can liken him to a gambler, a professional trader is more profitable than the two.
586  Local / Off-topic (Naija) / Re: Another fatal case of building collapse: constant case of medicine after deaths. on: July 13, 2024, 10:03:58 AM
Dis na very sad news and my condolences to di families of students wey don lose dem lives for dis unfortunate incident. Di issue of collapsed buildings no be new thing for dis country, property owners and engineers go de manage materials wey dem suppose to take build upstairs make e de solid and withstand di test of time. Government wey suppose to de evaluate di structures sometimes dem officials sef go fit to collect bribe and allow substandard building materials and also approve buildings wey no reach standard. So for dis rampant building collapse matter na both di builders and di government officials wey de approve buildings get di blame and di authority suppose hold dem accountable for di lose of innocent lives.
587  Economy / Gambling discussion / Re: The 'play till you hit it' mindset on: July 13, 2024, 08:07:45 AM
I think that play till you win mindset is a common desire among gamblers but it doesn't have to be on one day. Where it becomes a problem is when a gambler is chasing his loses on a particular day till he wins, there's a high chance that he will exhaust his bankroll and never get that win. Gambling responsibly is having a budget for the amount that you intend to gamble with and never exceed the planned amount whether win or lose. Main factor of irresponsible gambling is being obsessed with chasing loses and it is a road to addiction.
588  Economy / Speculation / Re: What's the basis for your Bitcoin speculation? on: July 12, 2024, 02:58:31 PM
I think that different factors plays out to determine the price of Bitcoin at different times and I cannot deny that the impact of whales buying and selling is one of the major determinants. I don't bother much about looking for basis for Bitcoin speculations because they can only be for a short time, I know that whatever it is whether it's whales dumping, a country offloading their bags or some global news, it won't count for long term hodling. I buy, hodl and wait for as long as it takes because I have faith that events will happen that will always skyrocket price and there'll always be new ATH.
589  Local / Nigeria (Naija) / Re: What better ways can Bitcoin contribute to the economic situation in the country on: July 12, 2024, 10:56:51 AM
Cryptocurrency in general don help to create jobs for our country, especially for di youths wey be like say dem no get directions before now. E don create avenues for people to become self employed, instead to de go search for jobs wey de very scarce to get. So job creation na one of di biggest ways wey Bitcoin and altcoins don take better our economy, many Nigerians de into crypto trading, some na vendors for exchanges and others de hold cryptocurrency to sale and make profits, Aldo you need to DYOR because of plenty scam projects before you buy, dat na why e de advisable for newbies to hodl only Bitcoin wey be di most reputable cryptocurrency.

You question about how di less privileged fit to take afford Bitcoin, di answer na to buy am or if person reward or gift am to a less privileged person. Di truth be say e no de easy for a jobless person or person wey no get any single source of income to invest or do crypto trading business. Cryptocurrency na profit and lose business wey you fit to lose all your money, except for Bitcoin investment on di long term, so you need money to buy coins/tokens to trade or hold, e no go get head without money. That na why you need a job or skills wey go de give you steady income before you go diversify di money into cryptocurrency business.
590  Economy / Gambling discussion / Re: Huge win that turn into loss scenario on: July 12, 2024, 09:11:54 AM
There was a thread that discuss exactly same like this, where the @OP ask what you will do if your bankroll went from $100 to $10 or $100 to $500. Since we're talking about in profit, the wise choices withdraw the profit which is $400 and then you gamble continue to gamble using your initial bankroll.

Even you loss your bankroll, but you're still earn $300.
When you gamble and have a huge win, don't be greedy and continue gambling to increase the win because there's a huge chance that you can loose everything. If you must continue to gambling for any reason, it's better to only gamble with the bankroll that produced the win and withdraw the won amount. If you lose the bankroll that you used to gamble again, then it's not too bad because you still have the actual amount won minus the capital. Gamblers needs to learn how to gamble on budgets, when you have diminished that budget whether you win or lose it's best to quit for the day.
591  Alternate cryptocurrencies / Altcoin Discussion / Re: Countless Telegram Mining Apps - Crypto Adoption or Devaluation? on: July 12, 2024, 07:52:43 AM
Time will tell what these new trend of telegram mining apps will bring, whether it'll be increased adoption for cryptocurrency or devaluation of it. But I think that because of the success of NOTCOIN, many people are rushing into cryptocurrency via these mining apps. Most of then don't even know about the many scams that are in the crypto space, they think that all of them will give guaranteed airdrops reward like Notcoin. This misconception will give room for many of these ignorant people to be scammed and they will end up labeling cryptocurrency as scam. The trend has tremendous increased crypto awareness but I doubt that it will last, especially if they don't live up to the Notcoin expectations.
592  Economy / Gambling discussion / Re: The probability is unimaginable! on: July 12, 2024, 06:25:04 AM
I think that it's best that gamblers should buy their tickets without worrying about whether they'll hit the jackpot. Calculating how much you have spent on purchasing tickets is also not important because the probability of winning the jackpot is less than 0%. Just go with the flow and if you win, be happy about it because if you didn't there's nothing that you could do about it. It doesn't help to calculate and compare your win with what you've lost, that is chasing loses mentality and is a road to gambling addiction.
593  Alternate cryptocurrencies / Altcoin Discussion / Re: Why can Altcoins fail? on: July 11, 2024, 03:53:16 PM
the reason is quite simple, it is because most developers only think about profit by selling innovative ideas but they do not think about developing the asset into something that has value to users. there have been many examples of altcoins that seem to have very good prospects because they offer various revolutionary things, but when launched none of these ideas succeeded and that made investors sell their tokens and lower the price of these tokens. so most of the altcoins could end up as scams or have no value at all, just be careful to invest in these types of coins.
Most developers of altcoins are more interested in making profits and cashing out, they don't priotized innovations and going concerns. This is the main reason why we have too many abandoned projects in the crypto space because they're moving on to new ones, hype them, gather investors funds and exit scams, leaving the project dead. That is why it's not advisable to hold most altcoins for long, there futures are not certain, just invest the amount that you can afford to loose, sale if the token pumps and exit. There are more altcoins than you will care to count and it's the reason why we have so many dead coins in the crypto market, gamble your funds with the amount that you can afford to loose.
594  Economy / Gambling discussion / Re: Gambling with stablecoins, Fiat, or crypto? on: July 11, 2024, 02:00:25 PM
Since I gamble in crypto enabled platforms, even if they have the option of fiat deposit, I do not give it a thought because I prefer crypto given the ease and peace of mind it offers. I do not feel comfortable entering my card details into different online platforms. Furthermore, gambling platforms have different different crypto deposit options of which I chose that which have less fees and faster confirmation time. However, despite the deposit options, I prefer seeing my balance in dollars to be able to properly manage my gambling in terms of amount to gamble with per round and also my target to win.
If we're talking about online gambling, then my preference is definitely cryptocurrency, especially because I hold cryptocurrencies so it is convenient for me to use them for gambling. Providing bank details for gambling is not a good option for me, except for physical bet shops where I can make payments in fiat, it's all about cryptocurrency. Bitcoin and usdt stablecoins are my preferences, but mostly stablecoins because of Bitcoin volatility and occasional mempool congestions.
595  Other / Politics & Society / Re: US presidential candidate Donald Trump will speak at the 2024 Bitcoin Conference on: July 11, 2024, 12:08:38 PM
Trump is interested in votes and money. Bitcoin can bring both because it's not hard to be pro-crypto following pretty harsh measures of the Biden administration, and since Bitcoin is money, you can (and that's what he's doing) fundraise more for your presidential campaign from Bitcoin enthusiasts.
I don't support Trump as a politician, his views are far from my own. But, more importantly, I truly don't believe that Trump is sincere with his pro-Bitcoin stance, considering that he was consistently anti-Bitcoin for all those years before, and it's a very convenient time to change your policy.
I wouldn't doubt that Donald trump's sudden massive interest in Bitcoin is because of what he stands to gain if he aligns with it. Money and votes are the two things that can get him the presidency and being a pro Bitcoin is one big way to achieve this aim, most young voters are Bitcoin compliant and his supporters can donate to his campaign with Bitcoin. I think that it's a smart move for him to speak at the Bitcoin conference, whether he promotes Bitcoin or not if he becomes president doesn't stop the massive adoption of the digital cash. Bitcoin has come this far without Trump and Biden, giving it deserved recognitions, so no notable individual can stop what Bitcoin stands for.
596  Economy / Gambling / Re: Withdraw your funds now on Maverick Games on: July 11, 2024, 06:12:14 AM
Most probably not profitable anymore since they are struggling even before to attract customers due to their strict KYC implementation which is mandatory upon registration if you want to play most of their games and participate on promotion. This is the last info I get before I stop visiting this casino.
Yeah it's really bad for casino to ask KYC upon registration, some people can still accept to verify their phone number, but if they ask to submit ID card or something is a big no no. Is there any active and popular crypto casino with strict KYC? I don't think there's any.

I know this casino because @Dewi Aries was wear signature about this casino and he actively posting in the ANN thread, since he no longer wear the signature, so yeah possibly they run out of funds.
I guess that their shutting down must be due to their strict regulations on KYC and their customers started to loose interest in their gambling services like the OP did. The OP didn't complain about them being a scam casino when he was gambling in their site so their planned closure could not be because of bad reputation, most probably they're not making profit anymore.

I commend Maverick games for giving notifications to their customers to withdraw their funds before their closure. I also thank the OP for starting a thread on it to disseminate the information so that gamblers that have funds with them and are not aware of the information will take note and do the needful.
597  Economy / Economics / Re: Lessons learned after striving to save money at the age of 30. on: July 10, 2024, 04:51:57 PM
Although your post is not explicit enough but what I understand about understanding balance and not shortchanging oneself is you don't need to try to save money while you have urgent need for money. Like you can't have money in bank or your vault then you have health issues that requires attention or that of a close family member. It is worthless that you are starving and you have money saved somewhere that you vow not to touch, that does not make sense. So you need to make a balance of yourself and your savings. Another way to make balance is to reinvest your money and not to keep it in bank while the bank is investing with it  Grin
OP wasn't explicit enough about where his thread is driving at but I'm in line with your thoughts about his meaning. In my journey of financial literacy I've come to understand that savings and investments are secondary needs, an income earner needs to satisfy his basic needs which are primary before attending to secondary needs. Your upkeep for the duration that your income will last before another one will come is the most important and basic requirements of your income, neglecting them and saving the money in the bank is not the best financial decision.

Not taking money from the money that is saved in the bank to take care of yourself and loved ones is not worth it. Taking money from your savings to cater for you and your family's healthcare and prudently taking money to help your loved ones are very important. Your well-being and that of your loved ones should be a priority to you.

Save money for short term expenditures in the bank or stablecoins if there is inflation in your country and invest money that you want to keep on the long term on a valuable asset like Bitcoin.
598  Economy / Speculation / Re: 100 Push-Ups A Day Until Bitcoin Is $100K Challenge on: July 10, 2024, 01:02:15 PM
Exercise is one thing we shouldn't stop doing, even if we can't be consistent in doing it but once a while we should involve in it.
I have been consistent with my push-up exercise in the past 10 days now and it has really helped me, some of the days at night after much push-up I realized I do have some good sleep and relax of mind and also with the brain refresh.
One of the way to leave a healthy life is doing exercise.

My report so far,

100k,Zackz5000,105,12734,2024-07-10.
I totally agree with you that continuous exercise is very good for the body, even if it's not done everyday or weekly. Finding time to regularly engage in exercising the body is very rewarding to the body, mind and soul, the good feelings that you get after strainous sets of workouts is very satisfying. You feel strong and healthy, and when it's time to hit the mattress and pillows at night, you'll sleep like a baby.

In the last 11 days I was able to pushup in 5 days, with a total of 432 + 1968 = 2400. My report 100k,Kelward,38,2400,2024-07-10
599  Economy / Gambling discussion / Re: Online gambling is the most fair gambling we can access on: July 10, 2024, 10:58:30 AM
I agree with you and I have been thinking about this for quite some time too. I know how absurd the winning chance is in physical slots, it's almost like a lottery where you will need the jackpot just to cover all your losses.
While in online gambling 2-6 percent of house edge is just okay and somehow you could still see yourself winning a lot of times. I've hit good jackpots in slots and I can say I'd rather play this kind of game rather than go to a physical casino just to empty my wallet.
The bonus is that you won't need gas money, food, and drinks. You can buy it all at the grocery and stock it on refrigerator and you can start gambling without even thinking about how expensive your needs are. We can use that saved money to gamble more.
Online gambling comes with a lot of convenience for gamblers, their popularity is increasing everyday due to their many edge over physical casinos. It's true that gambles have better chances of winning in online gambling than the physical ones and this is a big advantage that the online gambling has. Since the inception of online gambling, many people have picked interest in gambling, they don't need to visit a physical gambling outlet to gamble.

Although we can not blame the physical casinos for having higher house edge, they need to pay bills for their cost of operations, like rent, electricity and staff. Also physical casinos and bet shops are where gamblers meets physically and socialize which is a way to have fun while gambling.
600  Local / Nigeria (Naija) / Re: No save money inside Bitcoin for short term use because of price dip on: July 10, 2024, 07:21:44 AM
No be only newbies dey invest in bitcoin for short term, plenty experienced people na trader when dey buy bitcoin to sell and make fast profit. Although e good to advise newbies to put attention for long term hodl rather than looking for quick profit because na this one go help them more.

Na true you they talk because people they always think say na newbies way they always go for Short term holding forgetting say majority of people way they into short term na people way done tay well well for Bitcoin investment, so make we no they always think say na newbies be the only people way they always venture that kind of investment, so true true I like waiting you they yan because the only thing way we supposed to they do, na to they advise people way no sabi the risk way they for short term or rather trading so that them go no how them go fit make better decision for there investment because plenty people done come for Bitcoin thinking say them fit make am overnight if them enter the investment
Di majority of people wey de invest in Bitcoin on di short term na newbies, unto say dem think say na only pump price de go, dem no know say we de experience massive dump for Bitcoin. Experienced person for Bitcoin wey de invest for short term na wen di price de continuously pump and during bull run, dem fit to try am because probability dey say di price go still de increase. Bitcoin de volatile and di price movement fit to change at anytime from pump to dump so di investment on the short term wey plenty profit never enter de risky.
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