Bitcoin Forum
July 15, 2024, 10:09:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 ... 370 »
601  Economy / Gambling discussion / Re: Simple mistake that makes you lose everything on: March 08, 2024, 01:56:53 PM
It's inevitable that at some point of our gambling journey we end commiting dumb mistakes due to not being totally focused on the game or maybe due to being too anxious for a winning. Sometimes I already placed a more expensive bet than I intended to on dice game, misclicked finishing a crash game before the time I really would like to stop, and also misclicked on blackjack stopping when I shouldn't, and asking for 1 extra card when I was already pretty close to 21 points, just like you.

In my case, I believe it was nervousness which lead me to error. Thankfully these were harmless mistakes which didn't bring negative outcomes to my bankroll. I just ignored them and kept playing as usual... I feel sorry for those who placed max bet and end losing everything for foolishness. And that is why I think it's so important that casinos place a warning message on every big sized bets gamblers place before allowing it to proceed. The chances the gambler placed the bet by mistake is too high to be disconsidered by the platform, unless the gambler turns the warning message off on his account's settings.
602  Economy / Gambling discussion / Re: Decentralized vs Centralized Gambling....Which do you prefer? on: March 08, 2024, 01:37:49 PM
Except now that dApps charge high gas fees (on ETH) due to increased network congestion. But with L2 scaling solutions and alternative chains, this should no longer be a problem.
That is the main issue with decentralized gambling, and even though they implement scaling solutions, gamblers will still have to pay extra fees anyway, when compared to centralized casinos where you pay fees only when depositing and withdrawing your money from the platform. I believe decentralized gambling is never going to replace the centralized platforms, just like the usage of Bitcoin and crypto in general is heavily influenced and dependent on centralized exchanges and investments funds in general. Only a minority seek for total decentralization, while majority will seek for accessibility and easiness, even if it comes with a bitter price to be paid.
603  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 07, 2024, 10:22:40 PM
Casino bankroll investment has already returned 20%-50% profit yearly to investors in the past at Crypto-Games.com, so I guess the 4%-5% APY margin offered by freebitco.in is pretty conservative considering this category of investment. For those who don't know, part of the money we deposit in freebitco.in to earn daily interest is used by the platform to fund their gambling bankroll.

- Either your numbers are right or wrong, this is a type of commment that helps the users who try to understand the context and the business in order to aligh their own preferences whatever is their dimension.
Just found the website of the person who used to share his results here many years ago:

Bitcoin Gambling Investments

He began with 5.32883BTC and on the twelfth month of the investment, he had accumulated 7.48098BTC. He started the investment with 5 casinos (1BTC deposited on each), but it seems he has introduced another casinos later. Note that not every casinos were profitable for the investor, although in general it was a great alternative to earn passive income over your Bitcoins.

It's also important to highlight such investments just vanished because casinos stopped accepting them or decided to close the doors, as was the case of Yolodice. However, nobody was scammed on the process, since the end of the investment feature or casino closure were previously announced and every users could cashout their money safely.
604  Economy / Economics / Re: Why does a country borrow money from the world bank even when they can afford it on: March 07, 2024, 10:00:40 PM
Question: Why does the independent, developed and  productive countries still borrows money from the World Bank even when they have enough to execute their excused reasons given why they have to borrows the money?
Maybe to execute even more constructions at same time? Time is money, and for countries and businessmen it's preferable to borrow money to maximize their productions, as the final income after the construction is done will reward them enough money to pay the loan back and still generate massive profit for themselves from that moment on. It works like a long term investment which will return very sweet profits.

On the public sphere it's specifically interesting to borrow money, even though the government already has a large source of income, because usually interest rates are low, and since the public entity lasts "forever", there is no reason to avoid having some continuous debt.

I am interested about this because in my country, we are independent and a productive country with revenues ought to be contented enough to execute the projects in demands of what they still borrows from the World Bank for and yet there is no economical improvements in the country instead we are running economical backwards.
Well, then the money must have been being managed poorly, or the people in charge of your country are allotting this money to their own pockets, what is really common in many governments around the world. Personally, I can say the same thing about my country, because it's a very rich one, large in extension, while producing enough food to feed the whole world, although there is never prosperity and a strong economy going on for its citizens... I don't blame the government, though. I blame the countrymen who choose their representatives accordingly to their own personal morals and values.
605  Bitcoin / Bitcoin Discussion / Re: Are people still using bitcoin ATMs? on: March 07, 2024, 08:02:31 PM
In every cases, the best alternative is always P2P transactions. The issue is that hardly ever you are going to find someone willing to negotiate. Maybe if there was a shop where P2P traders could meet would be a nice idea to be introduced in a cosmopolitan city like NY.
P2P transactions are good in countries that ban Bitcoin or consider Bitcoin illegal, so people resort to such methods. However, in countries that do not ban Bitcoin and have exchange services, P2P is not necessary.

As for your statement, “If there was a store where P2P traders could meet, it would be a good idea,” I think that this is not a good idea at all, because all P2P transactions depend on maintaining privacy and take place anonymously, far from the eyes of the government, so it is not appropriate for them  at all to meet in a known place.
For me it's not a problem to reveal my identity when dealing with BTC. I just would like to sell and buy for the current fair market's prices, but through exchanges it's impossible, because there are always spread or order's fees, besides the abusive withdrawal fees many exchanges charge, going beyond costs the blockchain demands.

I consider P2P transactions to be important even in countries where Bitcoin isn't banned due to the reason presented above. It's annoying to become an "hostage" of exchanges, what means that if you want to deal with BTC, you have to do this through their services or you can't adopt the digital currency at all.

ATMs could be a great alternative, if fees weren't abusive as well...
606  Bitcoin / Bitcoin Discussion / Re: Are people still using bitcoin ATMs? on: March 07, 2024, 05:32:39 PM
I have never seen a Bitcoin ATM for real and I think it to be a waste of money, due to fees' costs. Nowadays every transactions can be done virtually, especially in a city like NY, so there isn't really a good point to use ATMs when you have exchanges and banking apps connected with each other. ATMs must be a good deal only for its owner who is going to profit from transactions, and that is only in case he doesn't have to pay a huge rent price to let his machine somewhere in the city.

In every cases, the best alternative is always P2P transactions. The issue is that hardly ever you are going to find someone willing to negotiate. Maybe if there was a shop where P2P traders could meet would be a nice idea to be introduced in a cosmopolitan city like NY.
607  Economy / Gambling discussion / Re: Even as a sport fan be careful! on: March 07, 2024, 03:16:34 PM
May their two souls rest in  peace 🕊️🕊️

Thanks 😊👍
Lol, they didn't die...

Quote
The force said they have spoken to the men in hospital and they are "OK".
Moreover, how are these news related to gambling? It's not even related to the soccer match itself, since the two English men were stabbed on a neighbourhood, near Colosseum, by a group of six or seven masked people. It was probably a robbery attempt and not a fight among soccer fans.

Quote
The men suffered stab wounds before their wallets and documents were stolen, Italian police have said.
That is a common crime, like we use to see in third world countries in a daily basis. What shocks here is that Italy wasn't supposed to be presenting this kind of scenario to their tourists, considering it's a first world country in the heart of western European continent. Criminality is spreading fast in Europe these days. Right after the attack, 1000 police officers were deployed to the streets, however, why didn't they do this before the occurred? After all, it's better to be safe than sorry.
608  Other / Off-topic / Re: Dont chase your loss on: March 07, 2024, 02:55:16 PM
However ignorance is a bad deases for those will not take advantage of what is being shared here .
Indeed. The people who should be reading these posts are probably not going to access it. Even though we promote casinos here through our signature campaigns on this forum, I believe we do this in an ethical way, since we explain the pros and cons of the industry and how to take part of it in a responsible and healthy way, never leading gamblers to the mistake of believing gambling is a source of extra income, side hustle or a method to get rich fast. So I guess we bring awareness to the discussions.

On the other hand, social influencers, who are also promoters of virtual casinos, do their marketing and propaganda in a dubious or malefic way, since they use their influence and charisma to dive gamblers and potential gamblers into the depths of that ignorance you mentioned. They aren't concerned about giving proper hints and advices to gamblers, that is, directing them into a gambling routine which won't impact their finances negatively. Rather, their goal is to give false and wrong perspectives of gambling activity, as something highly profitable on short run, where the risks are put aside, to focus only on the bright side of potential winnings.

Of course they aren't breaking any rules by promoting gambling that way, however, I think it's unethical because they are taking advantage of the ignorance of the public, or from a diminished discernment cognitive capacity part of that public has.
609  Other / Off-topic / Re: Dont chase your loss on: March 07, 2024, 10:50:17 AM
So it's really hard to do that, yes we have heard this advise and even if we start gambling we have this in mind. But what can we do in that situation? You brain's is wired differently when you are gambler and hard to snap back to consciousness unless you do that, chasing your losses.
It can be hard for some people to not chase losses, as they are absorbed by impulsive emotions when facing harsh losses gambling. However, that is a skill they have to practice until achieving excellency, because there is no other way to avoid losing money they can't afford losing. They are the ones responsible for their own actions, so they have to learn how to take the best decisions which will result in the most benefical outcomes for their lives.

If a gambler simply tells it's too hard to not chase losses, and therefore he can't avoid doing this, it means he is giving up on his own welfare and resigning to the addiction. And unfortunatelly, nobody can save him from this if he has already retreated from the battle. Family, friends and therapists can always help, but it's the addicted one who must always be in charge of his own personal battles. Nowadays people are constantly neglecting their responsabilities and consequences for their own acts, so it's hard to talk about this subject from this point of view. However, I fear it's the only possible path towards solution in a realistic way.
610  Economy / Gambling discussion / Re: Indirect victims of gambling addiction on: March 06, 2024, 04:40:17 PM
There isn't a single victim of gambling addiction, as we live in connected chains of social relationships. It's well known the most affected ones besides the addicted himself are the family members, especially children, as we have already discussed on this forum several times on different threads and opportunities. However, it doesn't end there. Gambling addiction has as one of the main negative impacts damage to financial structure of the family, which will directly impact their purchasing power and access to different services, including a very essential one: education.

If you can't give proper access to education for your children and even for yourself and your wife, you are going to stay behind in a very competitive society and world like ours. Moreover, it's less money you are going to have to inject in your local community and economy, so everyone who are potential services providers around you will suffer, because they are seeing potential customers falling for addiction.

Imagine a society where addiction is spreading fast and taking control of everyone. How are these people going to have money to pay for a living and keep the economy going on? That is not possible, therefore, total decadence is just a matter of time. In conclusion, to answer your question, it could be said that indirect victims of gambling addiction are every individuals of a society, when addiction rates have become an epidemic.
611  Economy / Gambling discussion / Re: Making decisions while betting on: March 06, 2024, 04:06:12 PM
The process of controlling emotions has to begin before the gambling session starts. If you start trying to control your emotions only when you are gambling, it's likely you won't be able to do this in an efficient way. Gambling has to be a planned activity, which you know exactly when you are going to start and when you are going to finish. By following a predetermined itinerary, there will be less room for your emotions taking control over you along your gambling routine.

Emotions get out of control when you don't know what to do towards an unexpected scenario. Then the anxiety, despair, adrenaline, nervousness become stronger than your rational being, and you end doing dumb things, like spending more money than you should, taking loans to chase losses and prejudicing your social or professional performances.

On the other hand, if you know and already defined how much you can afford losing, and what to do in case of losses or winnings, there won't be any reasons for you to get dragged by emotions. Moreover, to develop self knowledge, that is, to know yourself, to know what bothers you, what triggers negative and impulsive emotions on you, will be very helpful to avoid situations where you are exposed to these triggers and even to know what to do in case you inevitably hit such triggers.
612  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 06, 2024, 03:08:23 PM
Was faucet reward alone ever enough for one to feed themselves? I think that dice and events betting are the most important part of the website. You just claim faucet and then make a bet, if you are lucky, you will win a lot. I think that faucets weren't made to make someone rich by just rolling them but if you attract many people on Freebitco via your referral link and they roll faucet and then gamble, you'll really make a decent money by just doing nothing.
Solely faucet isn't enough to provide someone an extra source of income anymore. Maybe 8-10 years ago it was possible, because freebitco.in was just one faucet among many others we could claim in a roll, so the rewards earned were worthful for citizens from poor countries, besides the fact that faucets's income worked as powerful saving accounts back then, since Bitcoin increased so much in price since those times.

I've been calculating today and concluded that if I had saved the amount of satoshis I earned in previous years from faucets, I should have made in current rates almost 66$ daily, by claiming for 1-2 hours from faucets every day. That is huge money, and pretty enough to make someone rich, depending the country where you live.

Now the most important feature of freebitco.in for people aiming profits is the investment feature. It would be also interesting to have many investors as referrals, as they would produce a very generous passive income without any effort, since they don't have to be active on the platform. Moreover, investors are better than gamblers, because even though gamblers provide big comissions on short run, they tend to not last for too long on the platform since they can't keep affording losses. Meanwhile, investors will provide steady and long term comission income.
613  Economy / Economics / Re: keep pleasures without incomes aside and Chase after profits on: March 06, 2024, 02:56:11 PM
I decided to cancel our marriage anniversary celebration because I insighted that there is more to gain In my continues hodling while the markets skyrockets than selling off my hodled coins just for ceremonial pleasures which can not profer me financial returns other than consuming the ones saved.
Congratulations for your decision! You are a wise man who have long term goals and care about the future and welfare of your family! What you did is completely understandable. Bitcoin bull run is an unique event every 4 years, and we don't even know if next bull cycles are going to be so rewarding like the current one. On the other hand, you can schedule a new marriage ceremonial anytime, without restrictions. So let's prioritize Bitcoin investment for now.

Now, my wife seized not to understand what my logical points about this are because she is not the one providing for the family.
As a woman she is, I clearly understood that they are attracted to pleasures especially on activities that attracts public attentions. These species of humans (women) fails to understand that it is money that afford those pleasury materials and activities they craves for which one has to utilize himself logically in economical situations so as to create financial balanced system before chasing after those financial consuming activities without the potentials of yielding incomes.
Well, she should understand your logics, because it's pretty clear and simple, besides benefiting her as well after all, as you are doing this for both of you. I'm not sure if we could generalize and put every women on the same basket, as there are women who would be totally comprehensive and support the partner on his decision, while putting her personal desires aside, just like the man is doing, in order to achieve something better for the couple in the future.

To consider every women to be blind and fool consumerists is to consider women can't have long term goals. Maybe I'm wrong, but I'm reluctant into believing it's really true... At least, that is not the personality of woman which would attract me to propitiate a strong bond like a marriage.
614  Economy / Economics / Re: Hard times in the average Nigerian society on: March 06, 2024, 10:52:53 AM
My question now is what exactly sponsors the untold hardship in the life of an average Nigerian
Probably you are right on your post, and the reason behind the hardship of your countrymen is due to financial difficulties and lack of opportunities you face in Nigeria. The point is, these financial problems are consequences of something else. So, what is the reason why your government lack financial resources? Isn't your nation producing enough wealth? Are corruption rates practiced by authorities too high? Are public expenses too much for your countrt to afford?

These are investigations you have to do in order to find the real causes of your local issues. For foreigners it's hard to point out exactly what is happening, because we don't live the daily reality of your nation. All we have are news shared by international communication vehicles, which aren't totally accurate or true on their informations.
615  Bitcoin / Bitcoin Discussion / Re: Does any meme coin has the ability to challenge bitcoin dominance ? on: March 05, 2024, 07:39:03 PM
Of course not. Memecoins are speculative altcoins, so it's natural few of them deliver high positive volatility on short run, especially taking into consideration the moment of crypto market we are currently living. At same time, it doesn't mean they have potential to overcome Bitcoin dominance.

While Bitcoin keeps rising on long run, always achieving new ATHs each new cycle, these memecoins hypes tend to last only for a single cycle. Once it's over, it's over forever, so what speculators do is to find a new memecoin to boost on the next bull run. And they keep doing this in a continuous process similar to Ponzi schemes, where early investors make money, while late investors lose.

The fact many investors' eyes shine with greediness for such massive increasements in price like 400%, lead these people into believing random altcoins can overcome Bitcoin inside crypto market, although there isn't any solid bases for that happening.
616  Bitcoin / Bitcoin Discussion / Re: What is that one reason that motivates you to invest in bitcoin even at ATH ? on: March 05, 2024, 05:13:21 PM
People keep investing in BTC despite the recent pump due to believing Bitcoin will still hit higher price levels soon. Investors are bullish on Bitcoin. They consider the bull run has just begun, therefore it's still profitable to buy more coins. Maybe they also do DCA, so they would buy anyway, being BTC cheap or expensive. Others might be late investors who are facing FOMO (fear of missing out), so they finally decided to acquire some coins.

There are many reasons which can motivate someone to invest in Bitcoin right now. Inevitably, there will be always people buying Bitcoin, including those moments when the market is turning from bullish into bearish, as we have already seen in every cycles so far in Bitcoin market. The advisable moment to buy was when the price was pretty stable around 40,000$ price range, though, as members of this forum have been saying constantly.
617  Economy / Gambling discussion / Re: Stake.com - unethical practices on limitting losing players on: March 04, 2024, 03:14:26 AM
Wow, what a strange case. It doesn't make sense the casino would restrict you from placing bigger bets hypothetically fearing you are going to use 20,000$ profit made to revert a total loss of 220,000$. You aren't even close to breaking even. It would be more logical for the casino to let you continue placing big bets, as the chances are that you are going to lose the more you play, consequently accumulating more losses to your total of 220,000$.

It seems the casino is actually helping you for some reason to not spend your prize in vain... Anyway, instead of placing 300$ bets, why not place smaller bets in higher quantity, if that is the issue? Or you can cashout and start playing at another website if this limitation is bothering you so much.
618  Economy / Gambling discussion / Re: Try to stick to your instincts as a gambler on: March 04, 2024, 02:52:52 AM
Nope. I’d rather stick with logics and actual thinking rather than rely on my biased insticts and gut feeling and hope for the best.
I also prefer reason over instincts when gambling. By relying on instincts, gamblers are not exactly going to follow responsible gambling guidelines, as their instincts can say anything at anytime of the game. To be driven by instincts sounds like being motivated by impulses in my opinion, what is a very dangerous practice in gambling. As we have already read lots of time on this sub-section of the forum, many people faced several and harsh losses due to this kind of behavior.

I’d argue that you actually do the opposite of what you just told us lol. Cause how can you trust yourself when the only thing uou can reliably do when you gamble is make the bets as the way you wanted? You can’t control the outcome, hell, the outcome will even control you at times due to gambler’s fallacy, and you’re out here telling people to trust their instincts? C’mon man.
He actually used his instincts to cashout his money before the bet was over. So, indeed, his statement is a bit contradictory. If his bet was logically calculated, he would have taken it till the end. In the same manner he wouldn't be doubtful about cashing out earlier if it was also pre-determined by him before placing the bet. In the end his instincts lead him to become unsatisfied over his final decision, anyway.
619  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 03, 2024, 10:44:36 PM
Isn't this the sign withdrawals are reviewed manually by the platform before being processed, therefore working as an efficient anti-bot/cheater system?

No, unfortunately not, when you reach a position where you have too many users to pay to and you have to check these accounts manually, it's not only time consuming but almost impossible to detect which one is genuine and which one is not. It's a tough situation unfortunately.
Personally, I don't bother having to wait longer for them to send the transaction, if it means the security, integrity and sustainability of the platform are at stake. Of course sometimes it's frustrating to have to wait too long when you are in a hurry for your money, but if we think about the three points I mentioned, it becomes understandable.

The most important thing is that the website continues alive and kicking. If it wasn't a 10 years old website I wouldn't be so comprehensive on this matter, however since we have been together for so long, without any complaints or issues meanwhile, I think I can be compliant about delays on withdrawals, especially because despite delaying, I've never heard of any missing ones after all.
620  Economy / Economics / Re: Fix the money, Fix the world. on: March 03, 2024, 03:00:19 PM
According to me the difference and inequality between rich and poor can never be controlled. We are thinking that through BTC this inequality can be reduced or controlled but the problem is that money has to be used to buy BTC as well. That means people with more money will be able to buy more BTC and people with less money will be able to buy less BTC. Again, there are many people who are not interested in investing in BTC and prefer fiat currency savings or investing in fiat currency. Many people who invest in BTC will withdraw their investment from BTC when the value of BTC is too high.
Yes, Bitcoin isn't going to fix any financial disparities in the world. Rich will remain rich, governments will remain influent, banks will remain on the top making big money over the majority of population which is composed by sheep who don't even have slight interest in Bitcoin or another means of investments to thrive financially.

However, Bitcoin gives the opportunity for a minority who is open minded and aware about how the world works for real to improve their financial standards a little bit. It's true we will never have the same potential of profit big investors have, due to our funds being scarcer, but considering Bitcoin has been growing massively along the years, even minor investments are enough to put us in a more comfortable position on long run. We will never reach on the same level of whales, but I think we should be thankful already for being able to reach a middle class or high middle class status already, if we keep focused in growing our investments and making the profit grow even more once we achieve it.

Bitcoin is not going to fix the world, but it can fix the lives of the people who believed it and took their time and money to invest in the digital currency. Actually, if everyone was concerned about fixing their own lives, the world would be fixed as consequence, because if every minor gears of the system are fixed, there wouldn't be any problems with the system anymore! That is just utopian, though.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 [31] 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 ... 370 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!