We are a few thousand dollars away from the last all-time high and at that bitcoin doing a 52k price is definitely changing the narrative and way expect to see an all-time high price before Bitcoin halving, and if that happens that we have a new all-time high price before the next halving,  it does make it the first time in Bitcoin history where we see all-time high before Bitcoin halves and at that, we may say that this is a repeat of what had once been recorded.

And since the last few months,  many speculations have changed position and a lot have been calling for pre Bitcoinhalvesn bull market and the current market condition is pointing in that direction and with time,  we will likely know which position the market is going.

If Bitcoin could reach 58-60k before the next two weeks,  it will become obvious that we are set for the new price high and so we will have a different view and records for the future,  but not the first time that is happening.

Aside from the tendency to get addicted while gambling every day,  it is important to note that gambling result is not guaranteed and for that, if you do it consistently,  you increase your chances of losing money more,  but none the less,  I have personally experienced this that the more you gamble the more you lose and the less you gamble the less you lose so for that, restricted gambling is the best form of precautions towards safe gambling and some time,  what affects us mostly is the fact that we can't draw a line between when to stop and when keep playing.

I had an ugly gambling experience last night,  and today again,  I was engaged in betting as a way to recover from my yesterday 'losses but to my greatest surprise,  I lost all the amount I deposited and at that point, I realized that it is a risk to gamble every day and to avoid heavy loses I need to take a long time break from gambling in other not to get addicted chasing the loses.

You guys can take a look at the Binance regulatory statement about this situation, the thing is that,  the news caption got it all wrong but what do you expect from a newspaper or bloggers, They just want to sell the news at all costs,  but then with Binance statement,  set a lot of records straight.

Link
https://nairametrics.com/2024/02/21/naira-value-binance-explains-actions-on-trading-by-nigerians/

But in general,  the current economic situation in Nigeria needs all the action that the government can take but in the right direction there is a lot of tax linkage in Nigeria and this is the main issue that is affecting our internal economy.

Cryptocurrency exchanges like Binance and the rest have only served as a gateway to bitcoin adoption in Nigeria and by the way we should also look at the taxation of cryptocurrency firms because they are making money from the Nigerian traders and not giving back to the country.

Nice to see Blackjack back with some bonuses for bitcointalk members,  but the sad is that,  the requirement for the bonuses is almost impossible to reach and still come out with any winning because we have to look at some of the things that we should look for with this offers.

But the second thing is that this bonus may be for free play time and not the winning so it's still a welcome-back bonus from the casino, The 200x wager requirement is indeed huge to reach and by doing so the gambler will already have a long period of game time,  this is why we have to take the offer.

Thirdly I won't to know an old accounts on the blackjack platform take part in these bonuses,  so for sure we have to look at some things that we have to consider before subscribing to this bonus as old account holders on blackjack.

When we want to discuss the context of luck in trading vs gambling,  we must bring so many things into bearing and as we go along with the analysis we should have at the back of our mind that luck is a subjective thing,  just as skills is subjective,  luck don't just happen,  you must position yourself for the luck so for that when it comes to trading,  luck plays a minimal role and, skills is what have the primary role in trading.

Gambling is based on luck,  because there are some games that you pourly depends on luck to win them, most of the times games like spin and dice and even football bets this have been the norm with gambling this is why we have more trust in trading than in gambling and just like I have said before, in gambling you can lose all your money 100% but that is not so in trading because as a leader you already have your stop lose limits and once the market get to that level your trade will just automatic execute and then take a lose at a point.

But we have not seen such happening in gambling unless if you take a cash out and that doesn't come when your games are a loss,  there only give a percentage at which you already won,  so in all you have to depend on luck at all time because even with your luck you still stand the chances of losing the bets/games most especially on in the house games.

You are very correct despite the high cost of things,  people are still buying and selling and most times buying things they don't even need and yet we complain about the high cost of things,  this should be looked at from the inward perspective and how they tend to affect us,  most times the Nigerians people are more of the problem because even some goods that are locally produced are being sold at a high rate,  this is why it has become almost impossible for government efforts to produce any results.

Other things that we need to look at are the government policy on price regulations,  how much government involvement do we have in market pricing and what are the cost of import exportation rate, A lot of corruption has led us to this point and at the moment the government are busy chasing shadows.

Despite the fact that,  this thread is economic related,  I feels it will be fair and better if you have this topic on the Nigerian local board here: https://bitcointalk.org/index.php?board=275.0  and if you take a read through that board you will find several related threads as to what the economic situations is in Nigeria right now.

But also note that there is a global meltdown and the aftermath effect of COVID-19 is really telling negatively on the economic condition of many countries around the world so Nigeria's own situation may not be totally different from other countries around the globe who are suffering economic crisis and rising inflation.

You are not alone in this,  just few minutes ago I almost lost all my balance due to this experience of betting multiple time without any recorded winning but thank goodness that my last bet won so I was able to recover my money even without any profits, but I am ok at least, I didn't end the session in total lose.  this is a normal occurrence with betting and it's painful sometime,  but then you must not allow your emotions to get in the way you have to make up your mind to accept both the good days and the bad day,  today may be a bad day,  but tomorrow may be good day,  so never give,  but always gamble within your bearable limits so that the loses won't be unbearable some time.

I you want to gamble and be happy with the result regardless of either winning or losing,  you must gamble with a small amount of money and only do so just for for the fun and nothing else in mind,  because I have come to realize that, what makes many gamblers unhappy with the outcome of the bets is the fact that,  they already made so many plans and emphasis on the total cumulative potential winnings.

So when their expectations fail to come,  they become emotional and disappointed which is a result of the high allowance of greed tendency in gambling,  so to be safe,  never expect too much from gambling at a time

For someone who has been banned for a while due to plagiarism and now given a second chance to be back on the forum, he may not have an automatic jump start to a quality poster at once,  there is a chance that in the next few pages, we may likely see some low-quality posts in his history before he finally picks up,  it's a normal cycle that he must pass through considering how long he have been off the forum and the nature of his previous offence that got them banned in the first place,  Cyrus with his wealth of experience knows better to have handed him out none signature ban,  second chance it is,  so we have to look away from a few things for a while before taking action against such member if he continues that way by making low-quality posts consistently after this time.

Secondly, I think earning merits from those posts indicates that at least his post makes sense to some other forum members,  that is why they gift him merits,  and in the spirit of support for a fellow forum member who is on a second chance is to correct him as much as you can,  and by the way did you reach out to the so-called member to at least advice him on the quality of his posts after his come back?

If your answer to the above is NO then I think this thread may be uncalled for,  or aimed at further worsening his already bad situationons, what he needs is support and advice but if the member fails to adjust to you may report his posts that you think are low quality, or if you have anything against him you should wait until he breaks one of the forum rules then you can create a thread to discuss that.

Next time this could be sorted out without dragging others into it,  the forum has admins and moderators,  let allow them to do the job instead of forum members turning  themselves into forum judges and in here admin's decision is final because they see what forum members can not see,  

Ask yourself this question, 

How easy it is to follow another person's mistakes, and try to learn from them?

The answer is almost none,  why I pointed that out is because many times we read and hear many other people's stories and experiences and are unable to follow the lessons,  this is why it is better to experience things yourself to learn the best lesson and that way your experience will fit into your personal environment,  this is why we need to learn to take the time to seek for help and also try to experience things ourselves.

Most of the victims of 1xbits are mostly newbies and those who don't have any information about the notorious scamming and will only learn about it when they have already become victims of the scams.

Those set of gamblers that have such mindset have hard alot of bad experience alot of loses compared to their earlier loses,  and for that it is not advisable to chance the losses in an attempt to recover what you have already lost.

This type of pattern of play has affected many gamblers and even it has forced some to slide into a worse situation aside from the losses.

The majority of those who became gambling addicts were people who lost and tried to recover from their losses and were unable to.

Some gamblers are lucky to hit a mega jackpot from their bets,  but the general experience of majority of the gamblers is the lose-lose-win experience,  this is when you lose more than you win,  I have experienced this many times in the past, sometimes when I win a good sum of money,  the following days I will lose almost everything even with the extra of my own funds.

This is the reason why we always advice on taking breaks when you are lucky to have hit the winning at first instance,  or you limit your gambling at any point be it in winning or losing strides.

What you should also know is that,  in gambling the house always wins and regardless of how much you think you have played,  you can't beat the house in most cases.

Best to just hold Bitcoin since from your explanation,  interest generation is your main goal,  this is very important and for sure there are a lot of limitations with stable coins,  and hope you are aware that even your USDT it can be freezon in your wallet,  this is because it is a centralized stable coin,  so the best form of savings that secure you a good future return is to but volatile assets like Bitcoin or other properties.

So don't keep your money in your bank account, where inflation will have heavy impact on it rather put it in something that is worth the while I'm terms of investment.

I agree with you on that,  because if he is already down by 90% it then means that he has gone all and lost for the day and the best thing to do is to take a break,  but then we have some gamblers who already have the mindset of existing they entire balance so for sure they will want to stake the last cent in the account,  and for sure we have this mindset that there will be a better chances if they risk more into the bet they could have one final chances of hitting the biggest win of their life.

Some time,  the gambler get lucky to win the bet and make a good turn over and other time he will still lose the last remaining balance and go home with zero balance.

Minding our own business safe us a lot of time and energy,  this is so because in deciding what we want in life and how we handle the things, sometimes what may go well with you may not be alright for another person and the same goes with our choice of casinos,  what may interest me may not interest the other man and vis vassal this is what makes me to rely on some casino that doesn't even offer me bonuses,  because, at most time,  I don't chase after bonuses since I am too lazy to try to meet their wager requirements.

This applies to all facets of life and how we intend to see things since choice is an integral part of our progress and development which result in our various life experiences.

You will not agree with you on the point that you rated Nigerians to be poor,  I am a Nigerian and live in Nigeria and I can categorically say that you are wrong,  Nigerians most especially the youths are currently doing very well in all aspect if modern day life and we are involved in most of the modern technology and also other aspect of life.

So for sure I won't agree with you because alot of the Nigerians youths are doing well in the music industry and even in tech and other vasitile lifestyle,  so agreed that the political leaders are highly corrupt leaders that have stolen the common wealth of the Nigeria,  but that doesn't limit most of the Nigerian youths to pursue modern living with investment into the career and picking up new challenges.

If you ask me I will say,  there is no need to step back from your activities here in the forum,  and if I don't remember I think I still recall how active blackjack fun was in taking bitcointalk members' feedback and suggestion by implementing them in the early days of your presence here in the forum,  so inline with that,  I suggest that you keep up with your activities and also try as much as possible to be active in responding to issues as promptly as you can.

Instead of going off totally which will affect your already-gained popularity here in the forum

Make everything open and clear so the community members can see and judge from the available evidence from both parties involved in this case.

Going off the forum will further speak negatively and less your visibility,  if you want to deal with it and gain your reputation then deal with it,  I believe the member involved will respond to this thread soon and let us see from the other side of the story,  for those of us who have not been following up with the case but have noticed blackjack fewer activities here for a while now.

In my country right now,  bitcoin is not totally illegal and for sure you are free to own Bitcoin,  but then we have accounts limits same way we have on all the exchange and online accounts like casinos,  the bank just needs your KYC when you balance exceed that limits,  what I will advice you to do is to,  make sure your account already upgraded to contain the amount of money you want to flow into it,  and after that you can request for the deposits,  but with the way you did,  your account has already been flagged and if under watch,  even though you get freed and can transact on the account, I advise you to do much fewer transactions on that account.

You can use a third-party account for your future deals,  and as time goes on you will have better knowledge on how to spend your earnings that will not raise an eyebrow.

But next time,  always have a game plan for everything,  nothing wrong with you saying you are a freelancer at least that will shift the attention.

The sad reality you mentioned is the reality of many of us many months/years back because when the bull run came back then we were still newbies in the cryptocurrency market and at that did not have enough Bitcoin balance to profit from at that time,  but the narrative have changed and many of us have gained the right financial knowledge in the few years passed that have placed us in a good position to profits from the next market full,  this may not be so for everyone due to the financial constraint that faces us as an individual since we have our peculiarities.

But for me,  I have prepared well for the next bull market and if it comes,  and when it comes I will profit enough from my Bitcoin holdings,  but until then I will keep accumulating until I achieve the highest level of knowledge and establishing my own Bitcoin mining ring with my investment and profits put together.

Even though we have a high increase of new casinos getting introduced,  we still can easily spot the fake from the real ones this is because aside from all that you have mentioned such as copying of reputable casino templates,  we have others that have a very highly professional features that make it hard for one to spot what the shady deal is around them and at times some of them will even run for year's with backing out just like 1xbits who's casino is known for scam and low reputation but yet there are still very much available this type have the high networks that keep running without being caught at any time.

But with their reputation, we can still have them exposed,  and anyone who cares to read will already know how those scam casinos operate.