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601  Other / Off-topic / Re: Rich or poor gambler, who should risk more? on: July 07, 2024, 07:50:15 AM
~snip~
That's true and I've mentioned that it is not a question of being rich or not but the question of what you will deposit and wager that will pinch you. Both the rich and poor have their limits, so when they are gambling in the bracket of these limits, it will definitely break them if this turns bad. Now, if they deposit and wager more than what their limits can take and they continue like that, they will surely be affected over time. It now depends on how wise either of them is to avert much gambling disaster. If they realise their fault, stop and change their way on time, fine, they can still be upstanding. But if not, it may devastate them regardless of whether they are rich or poor, we are all humans, and it is the right plans that matter here not status.

Yes, exactly right.

Just because a person is rich it doesn't mean they don't have a limit. Of course they have one, it's just higher.

But the thing is that both rich and poor can end up with zero on a single visit to the casino.

Yes, rich people have a much better situation than poor people, or that means rich people have more opportunities to survive because they have a bigger bankroll than poor people.

But yes, as you said, the facts don't mean that rich people have unlimited money, because if they spend all their money blindly on something that has no potential profit, then obviously all the money they have will definitely run out.

And if we talk about gambling then yes, in fact rich or poor are the same, the only difference is in terms of defense, or meaning the total amount of assets they have, which means that rich people have more money than poor people, but it remains the same as you say that the fact is that they could all end up with a zero balance in their accounts if they treat gambling the wrong way.
Just like the way the rich have the fund to bet more and the poor in contrast would have to try all possible ways to make sure that they make profits from gambling. Gambling can be very frustrating and more of desperate alternative for those that don't have the funds or enough funds to always play bets. No matter whether we are a poor, rich or average class gambler, we all want to make money from gambling. I think when the rich people lose bets, they are always calm and not too bothered when they lose since there could be funds somewhere they can use to bet more.
I've always maintained a point on this thread that being rich or poor is of the mindset and it is generally relative. I said that because the last part of your statement baffled me, and in contrast, the rich can only be calm if he has not gambled with a huge amount of money that can cross his limit. Do you think they don't have a limit? They do of course. Just like the poor, you can see them gambling as well and not feel it, that's if they gamble with a ridiculously low amount of money they can overlook. They can only get hurt if they gamble with the money which can't be affordable for them to let go. By doing that, they would have crossed that limit. Although these limits for the rich and poor may be a very wide gap but that doesn't mean that either class do not have a limit. So I will never use it as a total quality of the rich to say they are always calm when they are gambling, no, many of them may even be gambling and sweating. This is happening if they have committed the money they feel is too expensive to lose at that time.
602  Economy / Gambling discussion / Re: Be careful with people's money on: July 07, 2024, 06:46:22 AM
I have read many news that someone will mismanage people's money. I read one about a university student some years ago that gambled with the money contributed by his course mates. The main reason that is causing the money mismanagement is either trading or gambling, but I read more about gambling online. Some can be because of other reasons.

There is another one that I read today that people thought he ran away with people's money but he later confessed that he lost it to gambling. It is about a solana-based cypher developer, he confesses that he lost $300K of user funds to gambling.

The core developer of the Solana-based cross-margin decentralized exchange (DEX) admitted his wrongdoing in a public statement shared in a May 14 X post:

“To address the elephant in the room, the allegations are true, I took the funds and gambled them away. I didn’t run away with it, nor did anyone else.”
Let them continue to use people's money for risky activities and let them face the brunt. Your money is your money, people's money is not your money, so why are you gambling or trading with them? I don't expect people to even gamble with their money which they can't afford to lose not to mention people's money, that's so bad and I don't feel for them. If you are not wise, your foolishness will teach you a lesson, so over time, I expect them to learn from their folly. This case you narrated above in addition is the kind that is not severe since it involved many people from all over the world, but in the case the money involves the people that are directly accessible to the guy, they will deal with him so severely.

Something like that is very common these days and greed and desperation are the two major factors that often cause it. If you are greedy or careless, let it be with your money and face the outcome and cry alone in your closet. But with people's money, anything can happen including a threat to life as some people may not take the money lightly as otherwise would do, so why risk your life on avoidable issues like that?
603  Economy / Gambling discussion / Re: Russia Roulette real gambling game ? on: July 07, 2024, 06:12:44 AM
Russian roulette (Russian: Pyccкaя pyлeткa, romanized: Russkaya ruletka) is a potentially lethal game of chance in which a player places a single round in a revolver, spins the cylinder, places the muzzle against the head or body (of the opponent or themselves), and pulls the trigger. If the loaded chamber aligns with the barrel, the weapon will fire, killing or severely injuring the player.

A game that's played at the expense of one's life, if you are unlucky that very day, will all end in the loser losing his life or being shot in any part of the body that the pistol is placed on, and the winner will walk home with the winning award.
 
Does this kind of game still exist? That's if it was ever played the way I read about it online.

And how can people take risk of playing such game ?
Hahaha...Of course, this game can't exit again unless it's a kind of military cruelty game during a time of war or disorder, the world has moved passed that situation ordinarily. I think I have to research more about this Russian roulette game of a thing but let me assume in this current dispensation, nothing like that can be happening.

Movies and some weird sayings in the past could have also implanted some ugly ideas in the heads of some people to have warranted the belief that a thing like that exists. If it ever existed, I am sure that the world would have spoken against the practice as inhumane and they would have stopped. In the olden days, a lot of worse things happened, so it may not even be peculiar to Russia at that time but to many places of the world. Regardless, I am glad that such a lethal means of winning a game is not in this modern world.
604  Economy / Gambling discussion / Re: Have some people used casinos to hide the origin of funds? on: July 07, 2024, 05:52:08 AM
It is true that nowadays, there are several restrictions imposed by the casino due to AML/KYC laws, but in the beginning, that didn't exist (online-casinos).

There have certainly been cases where people have used casinos (and even exchanges) to hide/shuffle the origin of funds, 'cause when you deposit crypto on a platform, your link to the platform's address ends and when you go to withdraw, you withdraw funds from different origin (from other customers). Unless the platform keeps deposit/withdrawal logs of all user operations and provides them to authorities when requested.

This can be done even by people who have no intention of doing so. But that's the nature of cryptocurrencies, so like it or not, it's difficult for authorities to track the funds (even if the person isn't doing anything outside of their country's tax laws).
What was happening was never good and I feel for those who would have been the victim of the money that was easily laundered by that careless arrangement. In normal circumstances, there is no way a casino or any other reasonable establishment should allow withdrawal to another account/address even if the government is not looking. But for their bad intentions or insensitivity from the beginning, they allowed it so that as their customers are doing it, they will be able to launder money for their persons of interest as well, including them.

Even now, they are only trying to please the regulators, many casinos are still doing the money laundering thing for themselves and for others, only that they have their ways to cover up for that. If exchanges could be caught in this act, how many more casinos that have weaker regulation? I hope you can extract your answer from that, however in a plain term, money laundry and bad transactional intentions will happen that time, but certainly would have reduced now.
605  Economy / Gambling discussion / Re: Gambling is not place to make money is place to lose it? on: July 07, 2024, 05:33:07 AM

I think that few gamblers keep accurate statistics of their defeats and victories, and they perfectly understand how much they won and how much they lost. They probably only remember about the number - I think that memory tries not to keep sad memories of losses, but victories are remembered very vividly. Therefore, many gamblers may have the illusion that they won more, although in fact this will not be the case at all. That's why casinos try to make bright pictures of victories in slots, for example, but they don't beat defeats visually at all.

I have always personally adviced against keeping a track record of one's losses and wins in gambling, for some reason I assume it could encourage gamblers to stay even or get money out the casino in the long run. We all know that is not a good idea, at all, since the house always wins in the long term (there are very few exceptions).
If a gambler keeps a well organized record in a spreadsheet of his gambling sessions, they will know exactly how much they have lost.

Keeping tracks or records of one gambling activities is very good and there is nothing absolutely wrong with it, as it tend to give the very clue of how much you are allocating to gambling in terms of the resources, energy and time, as over allocations can be very problematic and possibly lead to addiction, at most times when your records shows much of Lossing than winning one may decide  to go for break or probably change pattern of gambling that may seem more favorable than the previous strategy of gambling because sometimes it is very good to change gambling pattern if the previous strategy is not being favorable.
It all depends on how the gambler has planned his gambling from the beginning. The gambler who knows how he is handling himself will take many things into consideration, which include, the branch of gambling to explore, the amount to gamble per bet, the amount to gamble per session and the win and lose ratio over time. Over time, such gamblers will know whether to continue gambling that way or adjust the values and time so that it will not be on the negative side depending on the situation.

If it is positive, there is no need for the adjustments. However, if the gambler is not able to make an adjustment but continues to procrastinate, he might want to be more careful as this might have caused an addiction already. Such might want to take a break from gambling for a while before things become uglier.

If I were the one in this situation, the first thing I would do is to reduce my wagering amount to the barest minimum to avoid depriving myself of the purpose of my gambling and not focus on the money. It is what I do now when I know I can't break the casino aspect of gambling in terms of the money to be made and it ever been fine with me.
606  Economy / Gambling discussion / Re: Can free games be gambling? on: July 07, 2024, 05:14:34 AM
Yesterday I played free card games on the computer and had a lot of fun and it was also quite exciting. You know, I play different games: both paid and free. And sometimes, based on the fascination and the pleasure I get, I find it difficult to say which games captivate me more. But I would be interested in how you answer the question of whether free games can be considered gambling. Another way to put this is: can gambling be free? Do free games excite you as much as games that involve betting money?
The first answer is No! I've said it many times on the forum that what makes it gambling is the money or other valuable things you committed it, so when it is a free game, you are actually not obliged to pay anything after the betting when you lose or receive anything in return when you win, therefore you are not gambling, it's free.

As for the feelings of the free game and gambling, the feelings can be the same almost all the time. But the truth is that, at times, if money is not involved, you might still be feeling that something is missing, we are humans and I know the feelings, it's kind of a feeling of reward/loss which makes it more interesting. However, that's for those who are used to gambling. For those who just want to play their free games without a gambling mentality, they will feel nothing.



607  Economy / Gambling / Re: How high is the probability of accusations vs. casinos in BitcoinTalk are true? on: July 06, 2024, 08:58:06 PM
The newly created account most likely sharing that they got scammed and created an accusation without prior proof or other details regarding their experience but sometimes they are tired of reading the terms and reason why their account gets flagged I've seen some accusations that they win a lot and still unsolved. Still, I will rely on the information given by the accusers statements and documentation so we are open to both sides and give our opinions.
Yes, the point is, as long as there is genuine evidence, of course everyone must be open and fair in dealing with their problems, not all newbie accounts come to bring down the casino site, some even accuse them because they don't know where else to complain, whereas it may be difficult for them to complain about their problems elsewhere. The gambling site they play on, for example, lacks response to users who have problems so that gambling sites often ignore their users' problems, which ultimately makes users take other ways to complain about their problems.

Not many people may know about this forum even though it exists, but most of them don't know about this forum, so they end up creating an account and complaining about problems on one of the gambling sites which may be more active on this forum than on their site, so they just come to this forum. to complain about their problems and ultimately make it a case that must be resolved by the gambling site, especially in this forum, if they cheat users, the site will definitely be flagged by many communities in the forum.
Yes, but most likely those newbie accounts are indeed being created whether they would really be hiding themselves and that thrown out with baseless accusations or simply we do have
that several ways and possibilities that they could give out someones reputation to become shit not unless if those issues raised are legit ones then it would be something needing up that
solid evidence. Just like on what most people saying on here that this community itself would really be that soo good when it comes on dealing up with those accusations whether its really that real or not.
It would really be that understandable that solid evidences would really be needed up for you to provide on the moment that you would be raising up some issues because if you dont
then you would really be just definitely be getting ignored.

Its easy to ignore them since we could figure out immediately if there accusation or argument is true. If they could able to present a valid proof then people should entertain them and help them to raise their issue to the casino by posting on their Ann thread question why the casino didn't settle or help the guy on their issues. But if they can't present anything and just throw baseless allegation then automatically we could easily point out the they are just a troll and want to create some commotion so people will get confuse on the reputation of the casino. Also this action they made will not succeed since people could turn down immediately those people who post nonsense accusations.
Showing the proofs is good but that is only possible when they have access to the proof (account). If you've been a victim of a casino, then you will think about what you expressed here, no one wants a bad experience and many of those who are affected by casino cheating might have even gambled with the casino for years before they experienced that which could catch them unprepared for. I said that because many may not be able to prove their point at times because they might have trusted the casino so much to believe that they do not need some videos and screenshots of their activities, and when the account is locked, what they can only give anyone requesting for it is their payment transaction to the casino. It is disheartening if we base it on that proof alone.

It is the casinos we need to collectively challenge to have valid proof of why they treat a customer that way and also challenge them to give access to the customer to at least be able to print out some proof in case the account has been blocked. But in some cases, it's sad that some members here will start siding with some casinos even without a prove. This could be just because the casino claims the allegation of the customer is baseless and cited their own version without a single prove. A case like this still happened this year which I see as injustice. Many of these customers are like me and you, they are pained, and it is until both side could be heard and treated fairly that true justice could be served.
608  Economy / Gambling / Re: Stake.com Scam. Endless verification on: July 06, 2024, 09:12:08 AM
I want to warn people. Avoid this casino if you don't want to lose money. I am a citizen of Ukraine. I've been trying to pass verification for about six months now. Every time I upload documents, they are accepted, but then they are rejected and the verification is reset to level 2.An endless cycle. In the chat, they refuse to say why and repeat the same thing. Upload what the system requires. Any attempts to contact lead to nothing. It's a nightmare. At first they asked me to send my passport for verification, which I did. And then it started. I upload the bank statement to level 3. They accept it, and then reset level 2 and 3 and ask to upload the passport again. Then they demand a selfie with the document, which I sent. After that, the 2nd level was passed and I upload the documents to the 3rd level again. After a while, they accept everything and then reset it again, and demand to repeat the same thing. And so on without end. They refuse to explain anything. They don't help in the chat, and they don't help in the mail either.
I don't believe you on this, but you may still prove me otherwise, do you know why? My instinct. This is not the first time a rival company will send their foot soldiers to write something bad about their rivals, one must be careful in a situation like this. As much as I would always want to be fair with all parties, especially giving the customers the benefit of the doubt, I won't fool myself. To start with, why not try the ANN of Stake here? Anyone can start writing what comes to their heads to attack another company, it's very cheap, especially with a new Bitcointalk account like yours which has no value yet. I guess people should take your advice with caution, and better still, disregard it entirely unless you can prove yourself further.

Even if you are a real customer of Stake, before rejecting your documents and telling you to reverify initially before they stopped talking to you as claimed, what did they say then, you can at least show us that. Also, are you a new customer or you are an old one who has a big amount in Stake that they want to steal, or you are a big winner on their platform? But you never shared any of this or a meaningful reason why they could be rejecting your verification selfishly. The last time I checked, Stake still need customers why rejecting a new one? And even if you had deposited initially, you may share that transaction at least. But you did nothing and expect us to believe you. You are trolling as far as I am concerned.
609  Economy / Gambling / Re: The Rise of Crypto Gambling: What You Need to Know on: July 06, 2024, 08:01:28 AM
Traditional sportsbooks have your address, your phone number, your email address, and more info about you. Some sportsbooks sell your information to list creators. Those list creators sell the info to tout services that call you to get you on board with their plans.


Well, apart from Web 3 casinos, other online casinos also request for customers original details during registration and KYC verification, just as the traditional casino would also request those details. Cryoto casino that allows gamblers to use the casino without knowing their original details is only on Web 3. There are some regulated crypto casinos or shady crypto casinos that can actually get customer details and sell them to scammers, or the casino could either be hacked and customer details could be leaked. 

We have to play safe in everything we do, gambling is for fun and we should not only go after the fun leaving our privacy behind, as you have pointed out, we cant afford to make use of the gambling platform that will be a total discomfort upon us since we know that whatever information release to them are not hundred percent safe, they can decide on doing anything with them at their own pleasure or convenience while at our own detriment.

No reputable casino would want to sell customer details to scammers. First, such an act is going to tarnish their image; second, they will lose a lot of customers; and third, they're already making lots of money and therefore would not just sell off customer details for some cheap offer. The thing is that it is only a non-reputable casino that can trade customer details for extra profit, and that is why it is necessary to always make a choice for a good casino.
When it comes to reputability among companies, it is always relative, we can't say that a reputable company can't do a thing with 100% assurance, we should only vouch for ourselves and give them some degree of doubt regardless of what we perceive them to be. A lot is happening underground in companies that you may not know, and if truly a company is reputable, are their employees? Bad actors could be found in the sanest environment, they are just desperate for the benefit. That is another angle I like you to view it from.

I know a few companies they've called out in the past in this regard despite people believing they are reputable, and in most cases, the employees with that responsibility may be sacked or changed as the case may be after investigation, but has the deed not been done already despite the management are innocent? There are also individual cases that are secluded when the customers are persons of interest. For these, we should always know that our data are no longer private when shared so far it is human beings we are dealing with.
610  Economy / Gambling / Re: What are your expectations for Casino coins in this coming bull run? on: July 06, 2024, 07:41:37 AM
Here I think quite important is the balance in maintaining this casino of the entire community of this casino and the fact that the number of regular players does not decrease significantly.  And even if it decreases, it is quite slowly.  In addition, of course, the influx of new players is important.  If the casino can ensure a balance in the number of players, then approximately the proportion of them who use the token remains fairly stable.  And this has a positive impact on the tokenomics processes of a given game token.  This will be able to stabilize the rate of such a token to a certain extent.  And in general, it will have good prospects and some protection against depreciation.

No doubt the casino need the players to run its business and the more players it is more good for them. However, if a casino is offering good services, then the gamblers usually stick to that casino and may not shift to others too often. Gambling sites do want new players to join their platform and therefore we see deposits bonues and other promotions for those who signup first time on the casino.

And for the casino token prices in the coming bull run, i am hopeful to see prices of all the token making a new all time high but the big question is when we will be having the bull run ? The bitcoin market has already broken its multi month range from 60-70K and now is trading around 58K or something.  Undecided
Without a doubt it can be surprising to see the price of bitcoin going below the 60k resistance level, however I really think this is a consequence of the early movement that happened during the last year.

Basically the price of bitcoin grew way ahead of schedule and now it seems as if it is going to take a while before we see a positive trend again, something that does not really bother me that much, as we can buy the dip now and enjoy the benefits on the future as long as we can hold our coins for that long.
I see some sense in what you said but you seem to have exaggerated things as well by giving all relevance to Bitcoin. It's true that Bitcoin's movement could be a means to predict what other altcoins could do but there are variations to this as well. Based on the context of the discussion, casinos' tokens don't only work with the majority (crypto industry at large) but also with the performance of the casinos themselves and extra marketing commitments of the casinos if they truly mean business as we've seen earlier with RLB. So there could be a deviation, and by virtue, this analysis of yours about Bitcoin may not be entirely true. After all, we are all speculating, there may be a time when the speculation will not be as predicted. Also, with the present state of Bitcoin, the huge FUD is now in the market which is also dragging most altcoins (if not all) downwards. Nevertheless, I sense one thing, such tokens like the casino ones may get to a level that will reject what Bitcoin is doing if it does it too much. This is highly possible as a branch of the crypto industry (casino tokens) just like what we've seen in other branches like memes in the past.
611  Economy / Gambling / Re: Slot Educational on: July 06, 2024, 07:16:50 AM
Theirs no game that doesn't have a primary way of playing it, what I know concerning games is that you most know and understand the primary ways of game, so I believe that each game have its methodology in which you apply in any of them, basically we learn how to bet a game, but for the aspect of slot game I think that I'm still learning how to play slot game, but you can understand it properly when you brought out time to learn its strategies, because what make people to see slot game as a difficult one is when they have not make out time to make research of the game.
You have to stop gambling by relying on the methodology in slot gambling, gamblers already know that slot gambling is regulated with a random winning system so never rely on any strategy to win except luck. I have observed every slot gambling session and I have not found a main strategy to win with the same methodology based on previous wins, we often win when we least expect it and rarely do we win in the main way in slot gambling. So be careful in choosing bets based on strategy because it is very unlikely that you can repeat your winnings with the same game strategy.
The issue with some gamblers is that they do not want to accept the reality of the game, they think one approach can be used to outsmart the system to be winning most times, but the reality is that there is none and there will never be, otherwise, there will not be casinos business anymore, all of them will go bankrupt and no new ones will be encouraged to open the business afterwards. Except for a few systems like the lotto, sports betting etc that have some kind of approach to increase the winning, others rely solely on the luck of the gambler.

This is why an experienced gambler may be gambling 10 times without winning anything or winning a reasonable amount, but in less than 5 minutes, a newbie that has never gambled before could win a sizable bet, this should have pointed to the fact that it is not about your wisdom. There are algorithms working in the casino and these algorithms will never betray the house but always give the house the edge with a little winning advantage given to gamblers to avoid total discouragement. Those gamblers will be the lucky ones who played at the right time the luck is to be shared.
612  Economy / Gambling / Re: Unreasonable Withdrawal Limits on Betiro on: July 06, 2024, 06:56:09 AM
Why would a high roller want a max of $500 daily or $10,000 monthly, that makes absolutely no sense.
Start taking your money out and read reviews here on the gambling section of bitcointalk. Stake would be where i’d feel comfortable making larger sum deposits.
Not only Stake but there are a lot of options available if someone checks in the gambling section of this forum. It's an overall bad decision to choose a new and not very widely used cryptocurrency exchange for your gambling activities, especially when you are willing to make large deposits as you said.
Well, mentioning Stake by @Ultimatepoker is his own decision and I think you should have let it remain like that as that is a very well-thought decision and they may not even know much about the others you are talking about. Better still, he could have done the arithmetic on the pros and cons of them to have resorted to Stake alone. There are numerous reasons to choose Stake, especially when it comes to liquidity. Most casinos are greedy so soon because they can't always take care of the liquidity trying to be drawn from them by some winners, but when the casinos are big enough, such as Stake, such are not rampantly happening when you use the customer base proportion to judge and not the number of complainants alone because Stake has so many customers.

As for the small casinos, well, a few of them can still live up to the expectations, but generally, they are discouraging judging by what many of them have done.
613  Economy / Gambling / Re: What is the most popular Crypto casino game? on: July 05, 2024, 03:18:41 PM
I also do sports betting, but in the past I had the opportunity to play casino games, I remember to this day that I spent many hours playing that day and I won in the first few hours, but I lost everything in the same day because the more money I won, the more I wanted to I had to continue playing and in the end when I lost all the money and looked at the time I spent playing I was shocked, and I decided from that day onwards I would not play casino games again and would only stick to sports betting and in moderation, I only bet on popular games, this helps me a lot with my self control
It's better to play DS than casino games LOL
To be honest I am not a fan of DS or xBox or any type of games. It's addictive, consumes times which eventually makes bad effect to my daily life and business.
Lol indeed...Jokes apart, the DS games or Xbox and the rest are good in keeping one's company as you can play them with friends or the computer depending on the mood at that time. I often think of them when I feel like playing with casinos to have fun. But still, the feeling that you are committing your money can't be shortchanged for anything. Fine, many will bet for the money, but even if you are not betting for the money, you could still bet for the fun which will be extra derived from the fact that money is involved. I've tried to fight this at times to at least talk sense to myself to pretend that they have the same feelings and satisfaction, but in the end, I still see that when I play those games, I still feel that something is missing.

Notwithstanding, they are helping me to limit my dependence on casino games at times and it depends on how I want to be strict with the money at that time. Talking about addiction, well, nothing is so powerful over me addictively, so I do not know about that, however, many might be out of control about it, so it is highly possible. The moment I know that a thing is being done too much, I immediately start correcting myself to avoid issues like addiction.
614  Economy / Gambling / Re: Bitcoin Lightning Network Casinos on: July 05, 2024, 09:21:22 AM
Sportbets.io is not listed among. I withdrew bitcoin on Sportsbet.io recently and I withdrew it using lightning network. I hope other well reputed gambling site like Stake will support lightning network soon. The mempool is not that congested recently. If the mempool is congested, I can decide to use USDT on Tron or BSC network on Stake.com.
You have a point there and I was even thinking the same. Although some casinos, especially the small ones may think this is a big deal and also a point of selling for them, a big casino like Stake may think otherwise as though it is not necessary since they've made it possible for their customers to have a huge number of alternative means of depositing their money and withdrawing it aside from Bitcoin.

So the choice is the customer's as different cryptos have their different benefits and difficulties. The last time I counted the deposit and withdrawal options of Stake through cryptocurrencies alone, I was able to count 20. This is a huge number to choose from even as most casinos I know have between 1 and 5 crypto options.
615  Economy / Gambling discussion / Re: Which type of gambling have more gambling addicts ? on: July 05, 2024, 08:42:02 AM

In my sports betting, I solely gamble for the money, and the reason is that I saw the less risky opportunity there, and till today, what I have been doing for about two decades is yet to make me get addicted. This is why our mindset towards gambling matters so well, we should never believe that it is the avenue through which we will earn that millions to get rich in life. Instead, we should have a neutral mind about it, and even if our goal is to make money, it should be done conservatively in such a way that a viable plan that will help our budget and management and also preserve our psychology towards it is properly tabled down.

Yes, this actually sparked an argument with my friends and me before now. They were of the opinion that sport betting is less risky than casino games, and as such, it cannot make a gambler addicted and can also be profitable, but I always countered them with my own opinion that there are no kind of games that cannot make a gambler addicted. You are right in saying that it depends on mindset. Humans respond differently to things; some gamblers cannot be into sports betting for two decades without getting addicted.

Sport betting was also how I started gambling, and it's been 5 years and I'm still not addicted. I do bet on casino games too, and I'm still not addicted. Conclusively, I agree that being addicted depends on our mindset towards gambling.
I believe your friends are insensitive about that, any risky activity can get you addicted because when the term "risky" is involved, then it has to do with money. Now tell me, who doesn't want to be rich when they see an opportunity? That is what is actually entrapping the minds of the gamblers and get addicted to it. For this, sports betting can't be excluded from it, it is risky as well, except that casino gambling is riskier, and it is more reason why I make sure that I gamble casinos for fun, it is the sports betting I take seriously when it comes to the money-making. Even at that, I make sure that I have the thick line between making money through gambling with a neutral mind and being desperate for it as if it is what will make me rich or will be a source of living for me. I always opt strictly for the first. Gambling generally has to be carefully approached, otherwise, it will corrupt our minds regardless of which branch (casino/sports) it is.
616  Economy / Gambling discussion / Re: Gambling mistake repeated by the gamblers on: July 05, 2024, 08:21:23 AM
~
~ This is what many of them do not know. Luck may be shining on them this minute but in the very next minute, it is gone, which is why you see many of them hitting it big at first but will not quit, sadly, before the end of their gambling session, they could have returned back to negative.

To avoid all these, it is better to have a viable gambling system and be very strict with sustainable management and budget that will preserve responsible gambling in your engagements with it.

It is not a mistake if they won by chance an insignificant(for them) amount and continue gambling. Firstly, they can actually win much more as a result. Secondly, even if they lose all of that, it's not a big deal.

Overall, it would be interesting to see a list of the mistakes repeated by gamblers that each poster here regards as crucial. Here's my list:

1. Risk more money than one can afford to lose during a session.

2. To think that if you lost your bet several times in a row - you should necessarily win soon.

3. Consider a day when you hit something big your "Happy Day" and think that you must play during that day as much as you can.

4. In sports betting, to think that a team which is much stronger than its opponent must necessarily win and placing huge bets on it with like 1.02 odds.

If you think of it, the first item on this list basically covers it all, but sometimes you have to be specific to deliver your idea better.

What are your lists, guys?
You are very valid about what you said and no one is disputing that, even in the first post I replied to, you were certainly on point, only that you made some mistaken replies due to a misconception which I tried to call your attention to. So this is not a matter of debate but a matter of revelation. As for these additions, to be specific, every gambler should always have it at the back of their minds that everything is possible in gambling and this is irrespective of whether they are old or new. However, experienced gamblers know better to rather be cautious and calculative to avoid the deceit of what is happening (gambling results) to them at present. But this may be different in the case of new gamblers for the lack of experience, and I don't think this is negotiable my friend.
617  Economy / Gambling discussion / Re: 2024 U.S. Presidential Election Bets! on: July 05, 2024, 08:03:31 AM
...

In the question on the lies of Trump are a more difficult task to approach, because he tells so many lies that the debate could be easily derailed of any moderator stopped just to fact check the stuff he is doing and because he tells so many lies, the people on the right would not like to see how Trump gets corrected by Joe Biden is not corrected by the moderator. Still, it is not an excuse for allowing someone like Trump to like on national Televiaion as he did. At least, CNN could have displayed some disclaimer or popup each time Trump said a lie so the viewers would not be directly bombarded with conspiracy theories about how the elections of four years ago was "stolen from him".  Roll Eyes
Biden still can recover, though, there seems to be already conversations to replace him because of his performance.
Despite Biden being the one who called for the debate and also prepared for it for days, what he did was never excusable, he was no excellent and certainly the old age is telling judging by his antecedents, he is far better than that. Regardless, he is still a man of integrity and tried in a way to counter some of the falsehoods Trump shamelessly spat out. For Trump, I expected nothing less from him, that's what he is. That is why I do not believe him when he is using cryptocurrency, immigrants etc to campaign, he is a biz-politician and just telling people what they need to hear and it's selling so well with the gullible people.

As for CNN, I believe they acted professionally enough and they can't start stopping and correcting every lie of Donald Trump at that moment. If they did, it would be too messy and time-consuming on that day which I believe will not serve the show, the purpose and the company any better. The best is to hold on and letter fact-checked the situation which they later did and refutted as well.
618  Economy / Speculation / Re: Buy more Bitcoin when downward on: July 05, 2024, 07:45:22 AM
As new investors we expected Bitcoin to touch $100k this year but it is currently in a bit of a downward trend. Still I'm more optimistic that I can buy Bitcoin at my expected DIPS but if it continues to be bearish for longer I may regret not buying at a lower price. Waiting for more dips may give better results although chances may be last. My question is should we continue buying now given the value of Bitcoin? How fruitful is the initial target for Bitcoin holding until 2025?
I'm being discouraged to say that Bitcoin will hit $100,000 anymore in 2025. Initially, I thought the coin could hit $150,000 easily by that time based on the hype around it and for not leaning only on my investment experience but base it on how the coin had performed in the past. But this is changing and whether or not it will hit $100,000, I will solely let my technical chart guide me as I've never been wrong with it before when it comes to the true investment guide.

As for the market speculation of buying low, this is a good idea, but it is only when the market has bottomed already or returning up. Has Bitcoin bottomed already or returning up? That's what you should be asking yourself so that you can decide right. And if you ask me the same question, I will tell you No. The market is still extremely bearish and the breaching of the TrendMagin level of $62,120 is another discouragement to buy the coin for now.

The truth is that Bitcoin lacks liquidity inflow and the price action on the weekly chart has returned to be bearish which is a very huge discouragement. Anyone buying now is only wasting their money regardless of what tells them to buy as the overall outlook is extremely bearish. Why not wait until the whole situation changes to favour the bullish path?
That is what should be done but unfortunately, it is hard to learn where the bottom.
Well, you have a point, but at the same time, this is more reason why you need to sharpen your analytical expertise for brighter speculation. Like what my brother and I were arguing about this week, I claimed that trading and investment are simple to me, while investment is even simpler. He never believed but was arguing that they were so tough and risky and started quoting what the dictionary and AI were saying concerning them. I laughed, do you know why? This person talking has not given time to learn how to trade/invest professionally but arguing with someone who has dedicated 20 years of his life to it. Even if it is generally said that trading and investment are hard, will it be in the same measure for everyone? Experience matters, that is the difference here.

"Practice makes perfect," but as we can't be perfect, we should try to build ourselves towards it. The same goes for trading/investment, everything is achievable better than others, and it is all about practice.

Back to the contact, of course, you may not know the exact levels (bottom), but surely, you can know the approximate level. It may sound like a lie, but I know all the moves of the market with very few errors while trading/investing, so I know it's possible. I have a very high level of accuracy and this is even higher in investment. But this can be strange to many, regardless, it is what it is.

I hope you understand. The gist in summary is that there will always be a better trader/investor coming out of you if you rather train than complain it is not possible
619  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: July 05, 2024, 07:27:00 AM
This seems to be a pretty serious financial problem all over the world right now.  This problem is simply caused by multiple jurisdictions that often do not synchronize financial legislation to a sufficient extent.  And issues such as protecting the rights of players who honestly win big at casinos may not work at all in some jurisdictions.  
Therefore, you are absolutely right that in many cases casino clients cannot receive the money they win.  This is especially true, of course, for those players who, for personal reasons, are forced to remain anonymous.  He simply cannot pass KYC; he is often forced to use VPN and other anonymization means.  And this, I suspect, is a fairly significant portion of all gamblers in the world.
Sorry for the cutting, it's becoming pyramidal. The whole story is here: https://bitcointalk.org/index.php?topic=5467259.msg64279807#msg64279807

For this to happen, there will be some advocacy for better transparency and justice for online activities, especially for those companies that are duly registered, even without regulation. It's unfortunate that most countries where some casinos are registered are not advanced technological-wise to even know what the casinos are doing under their jurisdictions, what they tell them they are doing is what they will agree to and when they are cheating or scamming customers one way or another, they will still believe the report of the casino since the money due to them are promptly paid, which is a very bad practice by the government.

Another big issue is that the cries of customers are not being listened to by the little regulators we have, or even the ordinary governing bodies that should have taken up the cases. Had it been cases taken with high priorities, I am sure that casinos cheating directly or with some kind of practice will reduce or stop it. This should also cover the terms and conditions that are casino-included where it's certain that the customers are being stylishly cheated.

All we want is a fair relationship with casinos, not one-sided advantage.
620  Bitcoin / Bitcoin Discussion / Re: My Trustwallet hacked, and $43,000 BTC was stolen on: July 05, 2024, 05:09:25 AM
There is no reason to lie; I can send all detailed information and proof to any forum moderators.

I should mention that, as I installed Trust Wallet in the Samsung secure folder and was relieved about its security, I let my four-year-old son play with my phone, and he installed dozens of games on the phone—but in the main area, not in the secure folder!

Yes, I wrote the phrases on a piece of paper in my desk drawer, and no one knew about its existence. Besides, not many people come and go to our house.

I asked every expert, they said that it is not possible to hack Trust Wallet by downloading or installing an app or any similar way.
I show empathy on this matter but until you at least show us some transaction proof, I can't believe this. I've read all you had to say in the subsequent replies but you have always dodged the proof, so how do we believe you even if we want to?

However, for educational and preventive purposes, giving your child the phone you have the crypto wallet is not a matter, but if you are not the only one having access to the child while he/she holds the phone unlocked, then it is an issue. You might not know when someone will be monitoring you due to what they see in it, and if the person is experienced with cryptocurrency, such might find a way to search you better and eventually locate the seed phrase in your drawer, trust nobody about it.

At times too, it may not be an internal job, your phone could be hacked. This is why it is dangerous to download games and many others that could be dangerous on our phones, especially phones with financial assets. What if malicious files are attached? Malware may be included depending on the source of the download.
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