Do they make more profit than digital banks, CEX exchanges, etc.?
I don't think If there had been a more profitable business than real estate and professional services but while you compares between digital banking and the CEX, I think online or Crypto casino would take the lead because the online casino is factorized that it is not limited to restrict certain persons as regional sentiments. Besides the online casino is not based at a physical location, so it can always be accessible for any interested persons anywhere anytime. If the required resources such as campaigns and the media is setup for speculations of course yeah, there would be numerous gamblers willing to visit the casino sites to place their stakes at most of their conveniences. Moreso, I support the motion that the online or Crypto casino is more profitable than others digital business in the sense that whatever fund lost by the gamblers totally belongs to the gambling company and it is agreed that gamblers looses more than they wins. Banks Only relies on making profits through transaction fees and loans which the digital banks are limited to offer their to certain persons by restrictions and due to regional sentiments. So obviously the online casinos do have more customers with strategies to retain their customers funds on the services of staking and loosing. They could actually be a better digital business than the online casinos which I may not be aware of.
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Does any of you guys have any negative side of gambling habit in you which literally you advices anyone not to exhibit it?
When I was so addicted, I still tell my friends to be very careful and not waste money. But they know that I was losing money to gambling, especially the friends that are very close to me. Or can you afford to hide your real disreputable gambling life just to help an astray gambling friend or relative?
I did not hide it but it would be good if you hide it and tell your friend to gamble responsibly. You also need to stop even as it is not affecting you financially. Set a gambling budget and make sure you do not spend more than it. Just as said that two wrongs can not make a right, that is how it is when you advices a friend or relative to stop gambling excessively because it would affect their financial lives even to their personal lives and loved ones when obviously you too are on the same track with them. It feels that you do not want them to succeeded because you would be expected to had also quit from it if you knew about it would be backfired. So to navigate on this so that your friends can put your words in considerations to quit from their addictions, you have to live them with examples by keeping yours negative side hidden. And you too personally with your endivoirs to understand your are also not on the good track should effortlessly consist on making changes because it is foolish on oneself to disregard yourself and embraces to encourage others from their bad deeds.
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There is an existing similar thread like this which I made couple of days now at the other board but was redirected meant to be in the local board which I did and fortunately we came from the same country Nigeria. The fear of our Nigerian Fed. Govt. over Crytop transactions. I will only say that the federal government is a confused one and the current government in power have been incompetent to carryout their civil and economical duties professionally. They are failure to the masses because there had been no good record to be recommended ever since the present government assumed office. So literally they are cramping on what they give unnecessary excuse account of their inability to satisfied the nation with their necessary needs but meanwhile.... They(government) are the ones backwarding the growth of the economy and depriving their citizens from engaging on productive opportunities. How can a country be in such odd financial regulatory staggers in facilitating transactions and undergoing unemployment challenges and its citizens were able to discover how helpful the Bitcoin and the Crypto industry as a whole could be profitable to fill those lapses of the federal government being unable to create job opportunities for their citizens which attracted them (citizens) to had adopted the digital and financial technology to venture in to earn income and also to facilitate on their financial transactions with the use of the crypto P2P with the fact that the centralized banks is not offering flexible services but yet the government is fighting against the treasury opportunity? Currently as it is, the government has to an extend trying to disassociate the fiat naira (#) from every P2P platforms while majority has already been delisted living the citizens with their crypto holdings frustrated from trading their assets from the exchange platforms.
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First this is a beginners and help board link which is best suitable for your thread. https://bitcointalk.org/index.php?board=39.0. Secondly I would be interested to know the primary why you are here, what you think Merits could be and why you needed the Merits. I can actually understand how you feels but it is high time we don't dispute the main point in time why this Bitcointalk platform was implemented which is to speculate, discuss and learn about Bitcoin in general as much as crypto discussions as a whole.
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Bitcoin has been a decentralized digital currency built in a non-custodian blockchain invariably, the reveal of Satoshi Nakamoto's identity should be invalid just as we all the Bitcoin enthusiasts identities are not necessarily needed to the awareness of the public that we are Bitcoin investors.
Satoshi is like a goddess who travelled afar beyond the future, saw what was coming out of it as global inflations rocking nations after after and then he came up with the development of Bitcoin which at its launch and adoptions, it indeed really was what it was intended to be.
The government should really have to embrace the financial digital technology of Bitcoin invention because it has at all points provided measures to manage their financial regulatory system Such as financial transactions and also the fact that the financial digital technology having the potnetials that can productively provide incomes to which could confront the crisis of a global economy. Do with the above categorized, Bitcoin has come to live and conquering those loopholes financial related payments and transactions.
With all hands being on deck to Bitcoin Blockchains, all Bitcoin transactions is based on track living those cyber fraudsters where to hide. Hence.... Satoshi did not come with the ideo of Bitcoin development for his self interests of growing rich but to rescue the world from poverty and having the globe alternative means of payments as the central financial banks are full of excuses of ineligible procession of financial transactions.
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I beg a pardon if a thread like this has existed here.
I have been around my gambling friends and I have always acted to be 100% sticking to my gambling budgets such as how many times, a specific time and how much to spend on my gambling. Once awhile I actually breaks that budget but though it does not affect my daily life and my bankrolls. I literally claim this righteousness on my friends who are running out of their emotional control from gambling and psychologically I expects them to have me as an example whom they should emulate from in other to be recalled and take back control of their emotions while gambling.
Does any of you guys have any negative side of gambling habit in you which literally you advices anyone not to exhibit it? Or can you afford to hide your real disreputable gambling life just to help an astray gambling friend or relative?
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Rightfully thinking we have to understand that no firm like the exchange platforms would for no reasons just decide to delist any fiats of a nation from their trading platform. So it is quite obvious that the governments must have such demands of which the exchange would have no choice than to succumb to the order of the government else the exchange would be termed breaking of the law.
Our government is just being wicked upon the citizens. While we were counting Binance and the OKX to had been disassociated the P2P from their platforms, something phishing was tasted tonight while I was on trying to make trading transaction using the Kucoin exchange. I noticed that which ever bank I inputs in the platform as a method for payments, I am being alerted that the exchange does not support the selected bank which I thought it was the few I tried. But that prompted me to kindly enroll on all the available banks in both commercial and Fintech banks that were listed in the exchange but it keep repeating that it doesn't support any of it. That is to say Kucoin has been affected too denying Nigerians from their P2P. So bad.
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The government would always demand for taxes at all sectors and that is why they are just hovering all rounds to centralize even the decentralized ventures. Definitely the idea of this KYC on the casino gambling is for the accessibility of the government to take datas of the number of customers being registered in the casino sites.
Let us also remember that gambling has rules and policies such as the polices that guides gamblers from Irresponsible gambling, so the gamblers datas would help the appropriate bodies in concerned of the victimized chronic and addicted gamblers to be on track for therapy towards their addictions but the government and the casino sites doesn't care about this aspect all becasue they are benefiting from it.
In other way it is a medium just as said to have individuals in the sites on track in referencing to fraudulent just as the OP has said. If not for that I do not think if the casino sites do really cares about knowing their customers for all the cares about is making the money as customers are loosing in their sites on basis.
I can get that if customers would have negative reviews and laments over the KYC, the casino sites would keep to an end of enrolling it while customers are registered in their platforms because I don't think if they could afford to loose them for another sites that may not unconvince customers like that .
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Very necessary to educate anyone coming to invest in the Bitcoin market because it doesn't yield good outcome of indulging in an investment section that you do not have knowledge about.
While Bitcoin does not require an interpersonal skill at its events, lot inexperienced Investors and those who are not well oriented before coming into the investment platform think it is just all about having you money in there and also sells at their pleases without having the thought to understand how the market works based on the potentials of the Bitcoin.
That alone have mislead a lot investors with their emotional sentiments with the feelings that Bitcoin is not a get rich quick as they thought it could be and also lack of their knowledges leads to most of such investors to lost of funds due to carelessness of how they handles their seed phrases and how they are easily convinced to divert their Bitcoin investment to Alt coins that are not reputable just because they are desperate and would definitely fall the hyping Alt Coins where they learns their lessions in the hard ways after investing and the project goes dump.
Education is indeed a key to success.
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Sounds like you are coming Into this gambling space newly. So I would just advice you to set-up your gambling plans so that it doesn't have to affect your bankrolls and also, stay aware that loosing can be frustrating and winning can be encouraging. But no of it has positive effects if you focusing and desperately gambling to make profit because by then, you would be out of your emotional control which may ruin your finances.
So it not more of seeking for recommendation of how much would be required from your salary to gamble that authenticates you a responsible gambler because you can easily break out of it if you are not capable enough to control your eagerness of gambling.
I have just dropped you with some advice which I believe other users here has answered your question.
Back to your question
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OP you may have made some great point in your thread but why I could not go all through it because It is being too lengthy, I would only drop you few lines that.... Don't trick or force anyone in manipulating their minds to invest in Bitcoin unless you are ready to be answerable at all costs towards their sentimental emotions as it is certain that Bitcoin is a volatile crypto currency.
On a mere discussion about Bitcoin raised by a reputable person definitely a Bitcoin enthusiastic, whoever that has interest to invest in it will definitely be identified without those strategies like you are marketing a product which of course Bitcoin does not demand.
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Noting that on the Feb. 2024, I previously made a thread about me telling a bank customer care that I am a Bitcoin investor in referencing a fact that I was restricted from making fiat withdrawal from my bank account after trading my bitcoin How safe is it letting the bank know that you are a BTC Investor?. it is becoming scaring to me that I might not be safe to escape whatever plans the federal government maybe structuring against Bitcoin enthusiasts here in my country with the nature of actions that is currently practically carried out. By February binance disables the naira feature on its p2p market as the government demands, after much tussles between the Nigerian government and the Binance exchange and by March A Federal High Court in Abuja has ordered binance to provide the Economic and Financial Crimes Commission with comprehensive information on all persons from Nigeria trading on its platform. That did not end there as more actions threatens Nigerian Crypto enthusiasts. OKX and some other crypto exchange platform follows to delisting naira in their p2p platforms amidst tussles with the Nigerian government. It still follows as the Central Bank Of Nigeria bans Fintech companies which includes Moniepoint, Opay, Kuda, others from taking new customers over cryptocurrency involvement. The government has been taking these actions distabilizing the financial welfare of its citizens relying their source of income with those investing for a long term goal against their retirements without given a real fact on how really Bitcoin and other cryptocurrencies enthusiasts are being manipulating the fiat naira as being accused. While others crypto enthusiasts awaits the lift of ban of the Fintech companies, the government went on extra mile which has of recently prompted fintech companies have warned their customers against trading in cryptocurrency or any virtual currency on their apps, threatening to block any accounts found engaging in such activitiesMeanwhile... Upon the sanctions of the Fintech companies not getting involved in any crypto P2P trading related transactions, the commercial banks are not included to the P2P restriction. Right before me, I feel some shits phishing that the federal government is gradually forcing the exchange platforms and the Fintech companies out to be left with few platform if not just one exchange where all the Nigerian Bitcoin and Crytop enthusiasts would be centralized so that they can finally have the list of the Nigerians trading and Investing in Bitcoin and the Crytop currencies. They already owns the commercial banks so they could easily get whatever data of why Crypto transactions across any of them which we the Nigerian Crypto investors are optional left with. They are probably structuring a chain on their citizens involving in Cryptocurrencies. So recalling my recent post to had let the bank know that I am a Bitcoin investor, I myself doesn't not feel safe. There is nothing impossible for my government to do which the masses are aware of. The voice of the people doesn't influence the government instead they influences the people. We fears what we would be the summary with the drastic actions of our federal government. 🙏
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I'm experiencing this OP hoping that the time favors me and have luck. Well, a few times it happened that I won but most of the time was not. So I believe that betting the last money we have in our pocket still couldn't not assure winning. Our last money seems to be our last bet as well. But I don't think we need to have this situation when gambling instead, we have to practice of saving our last cash for the most important thing. I think gambling responsibly should really be what we have in our mind rather than putting our last money into hopes. This just means that we are not lucky today and instead of using this money, maybe we can save this for the next day or in the other day.
If you've ever experienced a last-second win on your bankroll, I think you are really lucky because this rarely happens to every gambler If a gambler is in a situation where he has the last money to play at the gambling table, then what he often sees or does is surrender because his chances of winning are very small. Why can't we have this situation on their last dime? Doesn't this often happen to every gambler on his last dime? I don't understand the meaning of what you wrote, what do you think is the most important thing to practice saving your last money? Yeah the last cash is usually a treasure In the basket that is not worth to be staked on for gambling with the hope that you will win when you have failed in several consecutive times. While yuba have lost too many times and think you could work hard to earn winning in the last chance of your game, that is even when you would be blind folded to predict awful games that dip down does not have potential winning analysis because you would just feel like just doing the last bet and leave the gambling board. Hence... Your chances of winning remains a luck and be treasured as well if hopefully wins. That is also if the gambler would be sensible enough to walk away without that though or .... Let me try again because it seems my luck to win has just began to shine.
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Do not be so misleading mate. After Bitcoin halving investors are never left to determine the Bitcoin price in the future because it does not contribute any realistic form for the Bitcoin future price to be settled based on your sentiment. After the halving comes an opportunity for more investors to come on board to the Bitcoin industry where could attract the experiences of more demands and also a periodic event by which investors can spread their assets in buying more
There are long term and short term Investors which means only short term investors targets a sudden increments of Bitcoin price in other to sell their coins and protect the interest of making profits while long term Investors are strongly holding believing that more times ahead as they holds would as much point to more profits.
So it is a individual opinion to decide when to sell and when to buy and how long to hold. Buying on the DCAs while the price is DIP is actually much comfortable but we can as well buy in at cost of price because the price of Bitcoin in the future is unpredictable and hopes that even at the bear it can still pull a force to more increments. That is to say even buying after a higher value, more higher value is expected in a period of time as long we could hold patiently.
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While before I proceeds in airing my mind on this game, let me quickly give a conversion figure of the funds involved here in the $ USD value rate so that it would be generally understood because in as much as it is funds matters in gambling, the values involved would always matter so you can suit your conscience for justifications.
So, For general clarity purpose, the stakes value was $718 to win total of $26,397.90 but cashout value is $8,927.25
As for me, such amount of stake is weigh too big for me to stake on a single bet but if my any means I eventually do such thing, I would not hesitate to make the cashout so all to protect the interest of my emotional breakdown because the end side of a game can be unpredictable and funny to negative results.
I would be blinded never to recall that I am potentialed to win bigger if I can only hold for the game to finish. So the cashout will get me with no lost count but lot of profits.
Greeds can be an infected disease which can cripple a man's Worth.
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I personally too does not know the interconnections on how the P2P exchanges rate networks to be updated with the real-time of the naira value over dollar but I think there must be a coalition between the P2P exchange platforms and the Central Bank as the regulatory financial system. So the exchange platforms can always detect the current value of the naira over dollar in a concept like this as I may think. This is why it is a Centralized exchange and that is why the our federal government feels they have the right demanding from the exchange to give them the list of Nigerians that are registered with the exchange p2p. I have also been relied on the googling and the News to staying updated with the naira and dollar rate, I have at some point found the P2P exchange platforms useful for it but due to some contradictions of the P2P not giving a certain and specific rate via different vendors with their own rates, and also the risks of being exposed with my Bitcoin assets while in the public, I decided to use the Fiat exchange app which can give you a real-time rate as flexible as you can as well be compared other currency rates to others aside the dollar to naira . This is the rate of $1 to naira with the Fiats exchange rate converter. This is the rates using the P2P exchange platform. Obviously it is not giving a specific rate that is to say the rates are parallel. The shots are taken at the same time and yet there is this differences on the rates. Meanwhile... I have always stayed reliable using the Fiat conversion app as shown above.
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Hi gamblers, greetings to everyone.. So today, I was scrolling through my reddit feed, and I came across this post in the screenshot I share below.. There is nothing wrong about it as long as it is not one of a marital offence. It is just some source of where the guy derives fun which of course the wife may as well have Source by which she feels fun especially when the husband is not around. I don't see gambling being an issue to a responsible married man as far as he is also doing the gambling stuffs in the responsible manner. So he can go ahead and tell the wife but should not make the wife feel that the bedtimes with Hera's claimed was not necessary or remarkable. The wife on her own may even tend to also tell the husband probably that she enjoys doing the house chores especially dealing on the delicacies in a quiet time when alone. So it does not make any offence of couple telling each other how they finds fun at their leisures.
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Answer: In fact Bitcoin price does not rise, in fact the value of government money is gradually decreasing from -3x to -6x to -16.......and more wil decreasing in future.
BTC 1 Bitcoin was worth 1$ in 2010 Now Today' (2-May-2024). 1 Bitcoin is worth 57000 dollars, 1 Bitcoin is 57000$ means 57000$ worth of money has gradually reduced to 1$ and bitcoin has a power to show it clearly.
Fiat currencies are very inflationary because governments can order massive money printings to their central banks and do things that are harmful for their fiat currency purchasing power like QEs. Bitcoin is inflationary too but it is a cap of total supply, 21 millions, no more. It's difference on their circulating and total supplies but there is a more important difference. With fiat currencies, bank accounts, you don't control your money but the control of your money belongs to the bank, central bank and government. They can seize your account and fund any time. With Bitcoin, you have private keys by which you have full control of your bitcoins. This is one of main reasons people believe in future of Bitcoin and consider it as a heaven for their asset storage. You gain my applause. Lol. Both the digital and non digital currencies are all inflationary but while outlining the volatility nature of both Bitcoin and the fiats, they're of difference because Bitcoin inflation is known for volatilities fluctuations where the rate of the value surges so high and the deflation is a period which its value depreciates and the values depreciates as much. The input and the output reactions of Bitcoin values is depended on the ratio of the demands and the supplies which means the more wider the masses adopts Bitcoin, so also it enhances its volatile potentials to gain more values and the more investors are in demand of more Bitcoins to buy is the more it gains more values considering that the Bitcoin is a limited to a maximum number of 21 Millions of Bitcoin in existence. So for that it would give it more walls to surge higher than it has ever been based on the price histories in as much there are still more of investors in demands to buy more . That is obviously to say that the invention of the Bitcoin digital currency is a non-custodian financial technology that every Bitcoin holders are responsible and holding alright reserved to control their Bitcoin assets without adhering to the polices of the governments or any authority. That is basically unlike the fiats that the government are in control about and does not have a limited number of printed more. And the sake that excessive number of money is being printed would always have the fiats depreciated whereas the reserve is much more than the demands. The governments even contributes to devaluing of the fiats as such dubious authorities from the central banks can just decide to have a specific amounts of money being printed specially for their own usage and get deposited to their bank accounts all to increase their financial portfolios. Meanwhile... It is not more becoming so competitive in demands my the public so, then the values are lost for exchange. The centralization of the Fiats where the government all at all course in-charge from having accesses and controlling of individual funds has already become a disregard of the fiats in the fact that bank account holders does not have Privacies and personal decision making of their funds. Also, the rate of living in a country or society Such as the cost of goods can as much devalue the fiats where inflation to the hike of goods has surpasses the value of the fiats. Just in a short, the federal government are responsible and can manipulate the fiats due to its centralization policy while Bitcoin can not be manipulated as the fact that it is a decentralized digital and non-custodian currency.
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I can not go back in fishing out related thread like this and also ones that hi higher forum members has bashed on the newbies because of their unlearned posting styles here in the forum, that is to say I got you rightly Op but remember some newbies can actually be ignorant and refusal to adapting to the forum expectations of its users to be sensibly creative with their posts including following the forum policies and not one of the social medias where everyone has their rights to just act and posts whatever they chooses.
So I don't see any wrong about it If a junior memeber is told that the post is not in the right board and I have not come across such corrections being told in a hash manner maybe you can provide us link to such because whatever learned member of such categories does not seem so learned to me know quite well the beginning point and the professional points in the forum.
As much as I know learning is a gradual process and can not be comprehend. Right about it we can even find some high ranked memebers with disappointed post ought not to come from such ranked memebers so, everyone is liable to make mistakes.
Talking about mocking and bashing memebers who does not have their English on accordance, we should be aware that English is not a language that a must speak so it could be a borrowed one to some persons in as it may affect some forum memebers to be fluent with it.
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There is no different strategy here in comparing to the popular prediction strategies which usually insights that the lesser odd you go for and lesser number of games you picks is the more advantage you would stand chances of winning but in all it never works.
In football match which I know very well, a team can be on 2-0 but before the end of the game it ends in the odd times it could end up 2 - 2+ with a winning advantage of the team that was initially loosing.
The rightful strategy to be confident in winning in the gamble can never be revealed because such never existed.
Talking about sport bets such as football, you can only secure some chances to win when you bets on the big teams against smaller teams but yet not still a 100% assurance.
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