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661  Economy / Gambling / Re: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game on: May 04, 2024, 04:27:55 PM
Yes, it is so. But i think that casino must be interested in new gamblers. Cryptocasino is the most international casino and i think that it would be better to have an opportunity to calculate his money in USD(T). But of course if casino don`t want to have problem with tax services it must have a local currency.
Of course, the international casino market involves the use of international money, that is, $USA.  But in many ways, international and cross-border payments were helped, of course, by cryptocurrencies.  First of all BTC of course.  Such payments have initially become quite simple and do not cause problems with cross-border transfers.  There is perhaps only one problem with Bitcoin, this is the tense state of the mempool and the need for large commissions or, as an alternative, a long wait for confirmation of the transfer transaction.  This problem significantly hinders many players.  But here immediately there are options for integrating LN payments or using other cryptocurrencies with small commissions, or USDT.  So it turns out that any international casino still uses these several payment options, and all in parallel.  And all casinos are forced to use them to increase their client base.  So balances still have to be maintained and calculated separately and only then recalculated into $.  And here it is important to fix the rates of cryptocurrencies in relation to $ and the transfer commission.  This is where confusion and sometimes misunderstanding on the part of regulators arises. 
Sometimes this creates unnecessary troubles or even bans for the casino.  But when fighting for clients, you still have to bypass them.
I think that it is problem that can`t be solved. If the casino want to pay taxes without any problems, they must fix cryptocurrencies some moment. The best choice for it can be deposit or withdrawal. I think that withdrawal would be better - in this way the casino hasn`t problems with gamblers balance - it can be in USD, local currency, cryptocurrencies. Every currency will be converted in the local currency during withdrawal.
Yeah.  Perhaps there really is no normal or optimal solution to this issue.  You are probably right and each casino solves problems with cryptocurrency payments in its own way and based on the requirements of local regulators. 
But the option of withdrawing from a deposit is apparently good and is most likely used in the practice of casinos in their locations.
Well, let me pretend that I understand you correctly, at least a bit, but for the benefit of the doubt since you are not so clear in your narration, did you mean that some casinos will offer you the crypto deposit and will not allow you to withdraw through the same means but through other means supported by their local regulators? I decoded this from what you wrote since this is actually happening in trading and investments but I have never witnessed such with crypto casinos. If this is the case as well, then it is not fair, both shouldn't have been allowed if To is allowed and Fro is blocked to avoid discrepancies.

The cryptocurrency itself made it possible for international casino businesses to be more known and accessible, and it should be fair to be allowing the same means of deposit for the withdrawals, but only ensure that the money is paid back to the account/address that deposited the funds. This is the international standard and I know that it is in compliance already with the Anti-money Laundry Act, so what? It also makes transactions tracebale which should not be an issue for regulators to trace and not make it difficult for the customer to get back their money if the option they want to force on them is not comfortable.
662  Economy / Gambling / Re: How Crypto casino market themselves? on: May 04, 2024, 03:39:06 PM
Marketing is a strategic means to attract new players to the casino and in this situations casinos are employing every possible open marketing means to reach their targeted audience, so since gambling have a limited space for marketing it is important to key into the few Window open to them, for example google did not permit gambling ads on their platform but that doesn't effects casinos from marketing themselves from the other options open to them, e.g forum signature and other ambassadorial activities are the prominent ways that casinos can market themselves alternatively to other platforms that limits their adverts.
One question: Is Google's ban on cryptocurrency casinos still in effect? I can almost swear that I've seen casino advertisements outside of the forum as well, but I might be mistaken. Generally, they're advertised on any cryptocurrency-related website, service, or blog, but their presence is a little laid-back, especially if you take into account that many countries have banned them and prohibited their access without a VPN.
Google's ban on crypto casinos? I am now curious because this is the second time I am reading a thing like this. Maybe it is about different jurisdictions because nothing like that is happening in my country, and as far as I know, it is not happening in many countries as well. As we know of late, the EU, India and some other countries are trying to enforce some effects on the giant tech companies, which might be one of the reasons for this and could only affect those people using the IPs of those regions. On another thought, the VPN is a very good factor one should consider here because you might be in Asia and be using one of the EU's countries' IPs, which could cause that experience as well. But for me, I have never seen any Google restriction effect whatsoever relating to crypto casinos in my everyday Google activities and searches.
663  Economy / Gambling / Re: My betting strategies on: May 04, 2024, 03:22:56 PM
Everyone who has developed his own gambling strategies will believed they are the best, i wont doubt about that because that is what we are using on gambling and still fetch us wining sometimes, however, there is more need to be able to develop more on some of this strategies, revise on them and make use of additional ones to help have more better gambling experience, which is one of the best reason why we need to developed gambling strategy, so that we can enjoy gambling each time we are doing it.
By adopting a new and personal strategy one can consider himself a professional gambler and think that his strategy is the best but unique strategy is not the only solution when it comes to gambling. your luck plays a big role there.  But everyone can be happy using their own strategy.  But their fate should not be forgotten. and gambling should not panic and bet. no matter how unique or good the strategy is, the bet should be kept at an amount that you won't lose a lot of money if you lose.
Merely having a gambling strategy doesn't make you a professional gambler, and by the meaning of the word "professional," it could only mean that the gambler is taking it so seriously to the point that he takes it for his profession. Unfortunately, almost all gamblers globally do not qualify for this appraisal, except that they mistake it for something else. Gambling is a very good side activity if we can take it for what it is and not being desperate about it. But the reverse is the case, which makes it to be considered so risky and dangerous and more reason why people cannot even dare to make it a profession talkless of being professional about it.

And yes, luck plays a very key part in gambling success, which is why you see a gambler who started today making huge success in it compared to the ones who had started long years ago but still struggling in it to the point that many are frustrated and addicted to it. But still, let's be experts in it even as our skills commend the plausibility of the luck we can have in it and not rely on luck alone
664  Economy / Gambling / Re: More revelations on the challenges of physical casinos on: May 04, 2024, 12:11:58 PM
The case that you mentioned is weird as hell op since simple CCTV footage would have solved the entire situation then and there itself. If they didn't have CCTVs, they are not reliable at all in my opinion.

Also, both physical and digital casinos have their own set of pros and cons which is why it all comes to individual preference at the end of the day.
Exactly, and it's weird that a casino doesn't have that as part of their security in there, you would think that they don't want other people to be messing with them so they want to make sure that they can see what everyone's doing right? That's a bit on the incompetent on their side. If travelling all over the world is a thing that every human has a right, card counters and gambling cheaters would be flocking in that casino because no one's going to make them prove that they're in fact  cheating there.

As much as we all like to praise online gambling, the convenience that it gave led us to more people getting introduced to gambling, people that you don't want to be gambling in the first place because you know that they're going to be addicted, at least in a physical casino, you have the limitations that not others can enter or access them easily but now, even those with as low as $10 can gamble away their money at the comfort of their own home.
Anyone can access online gambling, even if they are underage, they can play there. The advantages and disadvantages of physical gambling include limits on the amount of money carried and the age of the player becomes an obstacle for each player, but as time goes by, physical gambling is just a home game to fill the void. when someone or playing with relatives, but the context is different if you play online gambling, usually the players will have fun according to their hobbies, so in my opinion physical gambling has been left behind by the digital era.
wrong ,  yeah underage can access the casino but they cannot play in it unless there is a registered name(in right age) that can be use on that account so this is the problem for that underage .
we have all our preferences in gambling , some loves online why many are still loving to play Physical casino.
Do not take your stance so rigidly my friend, if it were to be a physical casino that is well-established and not a franchise in which they partner with an operator/agent, then what you insinuated could be true. If not, then underage are still playing, though it depends on the country as well. In my country, they are playing it real good, to the point that their parents or an older person will send them betting prediction messages in written notes for the agents/operators to play it for them and bring back the ticket for them. With this, do you think the children can't play it directly by themselves in the pretence that someone sent them? Even secondary school students with the ages between 12 and 16 are known for such a thing even as the government turns a blind eye to it.

Although such an activity may not be popular with the government, nevertheless, if the system is working and casinos are well-regulated where heavy arrests and a heavy sanction could be meted out to those people disobeying the law, they will not dare do it again. Also, the no-KYC casinos and those casinos that will allow you to register and start betting and withdraw before KYC are causing issues for the interested underage as they can start betting with a fake age registered until the casinos ask them for the KYC which in some cases could take years. Again, many local casinos in my country will not ask for anything at all since you are a native of the country or have provided what we call BVN or NIN or both. What if an underage provided the one of the parents or an older friend or relative's own? These are lapses to be candid. 
665  Alternate cryptocurrencies / Altcoin Discussion / Re: $5k Shiba Inu vs NEAR on: May 04, 2024, 10:58:28 AM
Hello guys,

I wanna invest 5k into either Shiba or NEAR, hold it one year and then sell. Which one would u prefer in terms of expected 12 months future gains?
Regardless of the question you've asked, you've preferred two good coins for the investment which makes it thoughtful of you and also makes me know that your questions were birthed due to the confusion on the best one to choose despite that you know they are both good coins. This is further why I will advise you not to trust any advice here but to follow your instincts, and what I am certain about is that the two coins will not disappoint you in the end. Though one may perform better than the other, nevertheless, once you do not lose your money in the end, then it is a good bargain.

Still, if I were in your shoes, I would distribute the money between the two. I love to diversify my portfolio as a reasonable investor and this has been helping me so well. Furthermore, if we judge what the two coins did in the past, their performances are almost the same overall, but who knows? What if the one you now picked underperformed compared to the one you never picked? This is why you should distribute the money between the two. You can do it in such a way that your main preference gets $3000 and the other one gets $2000, or you divide the money equally between them ($2,500 each).
666  Alternate cryptocurrencies / Altcoin Discussion / Re: Are you taking advantage of this red market? on: May 04, 2024, 10:18:19 AM
Well recently the market is in a bad mood. and I'm sure many of us are wondering why.  While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.
First, let me correct you that there is nothing like a Red market, that phrase denotes something that is more human-related, we should stop using words anyhow. The financial market has its terms, and the best one fitting for your title is a Bearish market.

Also, there is no other ETF saga that will be impactful like that of the US/SEC/Bitcoin impact that happened between late last year and early this year regardless of the country involved and the circumstances around it. So the ones you suggested above are not just the cause of the bearishness of the cryptocurrency market. However, the Federal Funds Rate could be contributory at times but the effect should be minimal compared to what we experienced. In my understanding judging by my experience in the market, the crypto market was overbought, there was a need for tangible correction, which coupled with the initial post-halving effect. This has now been priced in and the market may be returning up since the FED meeting of Wednesday helped out, and so are the important US news like Unemployment Rate, Average Hourly Earning and NFP. They are powerful news that all went against the US and the USD which is causing the crypto market to have a relief now.

Also, whether it is a bearish or bullish market, smart traders continue to earn money. This is unlike the blind follower who will only be arguing in favour of a bullish cryptocurrency market. That is not what will give me more money, but smart trading and investment.
667  Economy / Gambling discussion / Re: Is Gambling A Hobby? on: May 04, 2024, 07:33:31 AM
full-time job? That's crazy! I'm just wondering, how often they get them winnings - that they decided to dedicate thier whole life innit? It's pretty much like a small scale business anyways; they gotta wager their home appliances along side when they run short of funds..hahahaha!!!
No. You are getting it wrong. It is not like they dedicate their whole existence to it. For those in this category, it is just like a 9 - 5. And mind you, they do not all wager. The ones I know of aren't addicted. It is only the addicts that wager personal effects. Those who take gambling as a career, have goals and plans just like you would on your regular jobs. Some of the them have YouTube channels where they discuss their gambling, strategies or whatever subject matter on gambling that interests their audience. Some of them have written books and put it on sale on Amazon, eBay and the other online book shops, some of the also have gambling podcasts too. It is not all gambling or betting it is both and other gambling activities that pays the bills.



I agree that bets on personal belongings are already made by deeply dependent people.
About those people you are talking about who are successful in this, there is one important thing to consider. All those people who host their podcasts on YouTube, who write books or are somehow successful in this area, there is only a certain percentage of everyone who started doing this. This is called the survivor effect. That is, I think that only a small percentage of people who do this as their main job achieve success. We see only those who succeeded, those who didn’t succeed - we don’t see them, but there are probably many more of them
You have a good point there, but first, gamblers should ensure that they are responsible and above all things do not do anything that will negatively have consequences on their dependents. If it has gotten to that level, then certainly, such a gambler needs help, or else, it will be worse than that.

Besides, anyone who is judging by what they read online, I mean something they can't truly verify to certify the authenticity of the claims is just gullible, they should wake up before it is too late for them. Gambling and other risky activities are being preached easily and effortlessly by many influencers just to lure people to the company they promote or their channels for more activities. Certainly, most of them are lies, which calls for caution. Let them teach you their secret and you practice the secret, and if it can't help you replicate their success between the average time space of 3-6 months, then such should be disregarded. What you see online these days is actually not what they are in reality, trust me.
668  Other / Off-topic / Re: Do you think gambling every day is better? on: May 04, 2024, 07:16:48 AM
My own opinion, the only thing that matters is for you to understand what you are doing.
But playing gambling every day is not good for them, even if we have strategy, that will not be easy to control ourselves so we must have good self control and the other things needed to playing gambling moderately and will not spends too much money while we playing gambling.

This is a great insight. Let's say you have a working game plan for your gambling, but you are worried that you may get addicted because you are going to play everyday. Which means the only missing piece in here is the intention for playin the player's psychology. Because regardless if you're playing everyday or once a month, you need a strong sense of awareness and knowing yourself as psychology part. And your reason for why are you gambling the first place.

Stick with that, and every day doin the right thing. The only time you are to develop addiction is the time you lose out of your Why and your control over yourself.
Whether we gamble every day, once in a week, once in a month, or even once in a year, they are all subjective, it depends on the gambler in all senses. All that matters is for us to have a good purpose for what we are doing. It is the gamblers who are gambling anyhow that can be affected, they are the ones with no brake but just playing, who will always complain about gambling because they will be losing, they can be addicted and so irresponsible towards it. The best gambling sense is always forewarned and foreplanned, and no matter how good or informal you want to be about it, you should always have that goal and viable plans to actualise the goal. Also, are you gambling for the money or for the fun? The two must be well-established so that the gambler will know how to go about them separately. If it is gambling for fun, please, let all your plans be focused more on the use of a little amount of money and self/time management, these will never let you go astray to the point of getting addicted to it.

But if it is for the money, well, it takes more effort not to get addicted or be irresponsible here because money is powerful and it gets worse if you are desperate for it. Even as you should know your session limits for accurate planning and control. One still has to know more in this category. Again, as all that is needed to ensure right gambling for fun is observed to avoid the addition, the money and risk management is vital here as well. You need to know the time to bet and the time to leave the betting place or platform. You also need to know the total amount to wager per session, how to wager it per bet and have strong discipline and self-determination to control oneself.
669  Other / Off-topic / Re: How can we help beginners not to get addicted on: May 04, 2024, 06:54:59 AM
There is no way we can help those who are just starting,the only thing to do is continue doing what we are doing,which is writing down or posting what gambling addiction is all about,and the effect it has had on us who are addicted already,if they have ears or eyes to see,then good for them,if they refuse to hear,and still want to try,then it is detrimental to them.I think it is even more good for them to try and get the experience of losing,so that they will see for real that gambling is not just best for them.Those who have become addicts like us can attest to that.
You are not helpful in this approach at all and as a matter of fact, we have a whole lot to do that can help new gamblers from getting addicted, not the other way round. As an experienced gambler yourself (if indeed), you can't deny that you have a whole lot of regrets now if you think back to the time you started afresh, by now, you would have done things differently. It is those things you are now regretting we are trying to avoid for the new gamblers here.

For me, it will be so nice to let the beginners know beforehand the danger of gambling, and the citing of dangerous examples will go a long way as well. You see, gambling has two sides (good and bad) and no matter how we try to shy away from the bad side, it keeps on knocking. This is why we should prepare for it beforehand and not let it become too late before doing that. Gamblers must be sure that they preserve their gambling psychology and never let the issue of gambling become a do-or-die affair, it's not just worth it. The moment the gambler senses emotion and desperation, the gambling for the day/session must end immediately to avert issues.

Also, gamblers must have their own minds, they must be so disciplined and determined. Gamblers must possess the right plans and have the budgets and management that will keep their gambling expertise shown even as the safety and preservation of their gambling accounts are enforced. However, if the tough becomes tougher and the addiction is fast approaching even as the gambler is powerless, it's good that he resorts to a break. This is a way to take a fresh breath for a fresh start and the best way to curb all the excesses associated with gambling.
670  Economy / Gambling discussion / Re: Another health benefit of online gambling on: May 03, 2024, 11:33:31 PM
In my opinion going to a physical casino has its advantages as well as disadvantages. It's okay to be entertained but there is no real guarantee of winning in gambling. If the person loses if he is sick it will be worse for his health. He will never recover physically if he worries too much after losing. In order to maintain his health he should keep himself occupied with activities other than gambling that will help him recover quickly.

If one knows about his health conditions, then it's better he moves far away from gambling if he can't maintain the ability of how to control himself while gambling, then it also have to depend on the desirability or sole reason why such gambler is gambling, considering his health condition, I don't expect such gambler to be gambling for money, instead for him to have fun and play, not minding whether he won or looses, these are my expectations on such gambler, as long as he could achieve that and control himself, he can gamble by having fun.
You have a very good point there. We can't entirely condemn gambling because we gamble for two reasons which are not only about money-making. People can gamble because of the fun they derive from it, while others gamble due to the money they want to earn from it, and if the former is the case of the person whose health is challenged, I see no big deal there. It might even be what will keep the company of the person during the time that he has to stay secluded for one reason or the other. But for the prevention of bad consequences in this regard, I advise that such a person should wager a very small amount of money per bet. This is how he can actualise the gambling fun and will not be burdened financially for whatever reason.

However, if such a person is gambling for money and not fun, it has to be done wisely, and if it has reached the extent to which it is now affecting his health, the best consideration is to quit gambling. After all, gambling is never by force and "health is wealth." It's only addiction that will make people continue gambling when they fully know that it is not positive for them financially and healthwise. And to avoid disaster, it is better to strictly stop it outrightly.
671  Economy / Gambling discussion / Re: Gambling addiction causes loss on: May 03, 2024, 10:58:09 PM
If people are addicted to drugs, they will be destroyed. If people are addicted to gambling, they will be destroyed. A drug addict will always think about how to manage money because of his addiction and will act like a madman if he can't get money and he will misbehave with his family. On the other hand, when a gambler becomes addicted to gambling, he loses his rationality and tries to manage his money like an addict. So I will say that it is not possible to be addicted to something and do it properly.
Anything addiction is not good, it is possessive and will be the thing that will be driving the person and not himself. Whether drugs, gambling and other aspects of addiction, they will not only get you obsessed but will, in addition, ruin you if care is not taken as they are wasters. They could in this regard waste your money, time, energy and even your health if you are not cautious about it. That is why you will see people receiving their salaries and immediately heading to a gambling shop or platform to wager with everything, what a life! This is indeed madness and must be fought by everyone.

This is why we should be cautious from the beginning so that we are not just gambling anyhow but aware of the consequences in some situations so that we can avert it from the beginning. Gambling anyhow, lack of self-control and a weak mind are the reasons for the addiction either because we are engrossed with it when it entertains us or we are just desperate for the money to be made through it. Either way, we should ensure that we preserve our minds and be better managers of ourselves and our gambling accounts.
672  Economy / Gambling discussion / Re: If we lose in gambling, what do we need to do? on: May 03, 2024, 10:43:30 PM
Gambling is a place to spend money, although many gamblers consider casinos to be a place to earn money. But in reality, more gamblers lose their money at casinos or gambling sites. So I think all of us here probably have almost the same experience, namely losing a lot of money gambling

I also lost money because I lost on gambling, but maybe not that much. But I know there are people who spend a lot of money for gambling. In your opinion, what should we do if we have lost a lot of money on gambling? Do we keep gambling to win so we can cover up previous losses? or stop and work normally and leave gambling? Or do you have other suggestions?

I have never gambled with big money. I think a person who loses big money in gambling will gamble with big money to win back the money he has lost. I think people who gamble with big money are people who have lost control and once you lose control you can lose control again. I think I know how to stop, but I know that one day if I don't stop myself I will lose. If something like the example you gave me happens to me, I will try to stop myself.
That's not particularly true, anyone can gamble with big money, it depends on the person, his affinity for risk-taking and his worth. One should never gamble anyhow regardless of their position on the three factors named above, our account safety should be our highest priority here and we should ensure that above all things, we should be responsible in our gambling. You might be worth so big but that doesn't mean that you should be risking so big. You might have lost your money in the past as well, but that doesn't make you gamble more or increase the amount you wager. These will all lead to more losses as the psychology of such traders engaging in this act will never be balanced as it would be desperation or frustration that is causing it or other aspects of emotions that will never be positive for the gambler.

Also, at losses or gains, we should learn how to control ourselves, it will be disastrous for us to be too excited when we are winning or get greedy, that's an issue because it could cause the gambler to want to gamble more and by this increase the size of the amount wagered. The same thing goes for the losing times, it is so tempting and revenging, nevertheless, if we are wise, we will maintain our aim and rather take a break instead of gambling more at that time.
673  Economy / Gambling discussion / Re: Would you cashout or wait for the game to conclude? on: May 03, 2024, 01:15:36 PM
I saw this on the media so I decided to bring it here in the forum for us to discuss about it. If you notice in the first image, the bettor played a very risky game which comprises of 15+ games with a huge fee of 1m naira. Please take note that this post is not to promote risky gambling or mislead people to emulate his strategy cause left for me I think he's lucky if he happens to win this bet. Now back to our main point of discussion which is on the second image, out of 17 games, 15 played with just two left and based on the date in the image I think Austin FC won Los Angeles Galaxy 2-0 making it the last game left, now if you were the bettor and was given a cashout of 12.4m out of 36m to be won would you rather be patient for the last game to conclude or you'll go with the cashout? Also note that if you cashout you are safe atleast you have made 11m plus extra cash and if you decide to wait it's either you lose or win 36m, what would you do?
Not at all, no one can even blame you for telling a story like this and I rather perceive this as a way to preach what could be done in such a situation for people to learn from either a brave risk-taker or a conservative gambler that will just quit the bet and go home with the guaranteed income. Regardless, this similar question is now rampant on the forum, it is all about controlling our impulses regarding the market and I am certain that those who are conservative are better in cases like this. For me, I will choose to end the bet immediately, that is wise and heroic in my opinion. You may be trying to play smart but later lose everything just because of a single game, so why not play conservatively and go home with the lesser amount?

In my opinion, the total amount which is about N36m and the guaranteed amount which is N12.4m do not have that wide gap the way many would view it. If we view it insightfully and balance the risk and gain, I think the guaranteed money is better instead of taking more risks and losing everything. I've learned my lesson by watching some online and TV programs, especially "Who Wants to be a Millionaire" and also in the financial market trading. Taking high risks without thinking of the safety of the bet is nonsense. We should always think of the money we Have Now and not the money we Could Have, they are different, and what if because of risk, the money we Could Have is never earned? Let's be wise, especially when the amount that is guaranteed to be earned is reasonable enough as it is in this case.
674  Economy / Gambling discussion / Re: Streamers using demo account on: May 03, 2024, 12:56:17 PM
How true is this rumor? This is very popular on our local streamer comment section that streamers is just using a demo account with enhance winning rate on all slot games to showcase huge win while they are playing.

I knew that only slot game provider has the power to change the RTP of the slot games but some of the comment is from other streamers that has same experience on using demo account.
I've always told people not to believe what they see these days, it may not be particularly true, but most things are doctored and planned. The fact that experienced gamers/gamblers are saying the same thing should mean a whole lot to you. They get to reveal secrets due to envy at times while others will just want to reveal the truth so that people know what they are up against. Either way, I wonder why this is even surprising you, they might just be using simulators, something that is not real or be playing/showing the demo version that has nothing to deduct from them. Obviously, these guys can't be doing this alone, they will be doing it for some casinos, so what do you expect? Many might have the back-end weakness of the casino platform purposely for that trick in such a lapse mode to be able to exploit it and explore the viewers and the intending customers. So, the RTP can surely be doctored or planned in such a way that will produce the exact result they want from it.
675  Economy / Gambling discussion / Re: Does gambling excites you ? on: May 03, 2024, 12:40:29 PM
Well, in general, no. Both when I play poker and when I occasionally play casino games I try to detach my emotions as much as possible, although in that sense I am not the typical gambler, who does get carried away by emotions, as you can see in this section. Precisely if gambling is so successful is because it is exciting but if you want to win money in skill games or if you want it to last in casino games you should bet as rationally as possible.
That must strictly mean that you are gambling for the money and there is no iota of fun in it at all. For me, it is a different feeling and experience because it could be engaged purposely because of the entertainment part, and by this, it surely excites me regardless of whether playing it is based on emotion or not. Positive emotions can't be entirely excluded from gambling as well, but the negative ones which will have to be prevented as much as we can to avoid some bad chain reactions, especially in the area that it could be used against us to cloud the judgement of the gambler to do against his plans and other right ethics of gambling.

Nonetheless, this has to be well-balanced by us, and take me for example, I like to have fun through casinos and try to gain money through sports betting. So my disposition and approach towards the two are not just the same and these segregated plans and feelings have been helping me even as I manage myself and my gambling portfolio in the two.
676  Economy / Speculation / Re: Inflation and Bitcoin's Potential Impact on: May 03, 2024, 08:10:52 AM
No doubt, like any other asset, Bitcoin has helped to hedge against inflation in the past, but with the current status of the coin, I do not think it would be easy anymore. Take for instance, if you buy Bitcoin at $65,000 and the inflation in your country bites to the point that the goods you want to buy or the service you want to purchase has truly skyrocketed to at least 4 times as it is currently happening in my country, whereas Bitcoin could only move to $125,000. What do you do? This obviously cannot hedge the inflation, but as an investment, if it moves higher for at least a reasonable degree, it will still help the person to limit the effect of the inflation and it depends on the performance of Bitcoin at the time.

And I must advise you, do not invest in Bitcoin simply because of its past history, it may fail you and a good investment warning forbids that. You should invest in it because you believe in it, that's better in case anything bad happens. Bitcoin enjoyed its low price then and the early investors were so lucky, but at this time when the price is somewhat high, extreme care is needed to avoid issues.
I do not think that it would be impossible, it is just taking sometime to get back to ATH levels, but look at how much we increased in the last year. Remember, this coin was under 20k for a while, I think the bottom hit somewhere close to 15k or 16k whatever, which means that we are still four times higher than that even with the current situation.

People look at the top, but they never calculate the bottom and the reality is that compared to the bottom we are doing a lot better right now, that is all that should matter. I personally believe that we are going to have some trouble one way or another, and shouldn't really be doing anything bigger than that. Just focus on the benefits that we had, maybe you and I couldn't, but the general market went up a lot.
I never mentioned impossibility here but rather a concern. I mean another scope that is a possibility with Bitcoin that many may not be looking towards. Anything can happen in the financial market with any assets which include Bitcoin, so it would be unwise of me to say that it can't be moving higher, but I was just saying something that could cause another issue if care is not taken in another view of it. I am never a blind follower of the market and the recent fall never slipped off my radar because I am a friend of my trading chart and I analyse many times daily, unlike some people who will just be a blind holder and miss out often, we need to be smart.

We are all expecting Bitcoin to reach $100,000 and above, but are we all looking at the constraints that could make this not happen as well for us to prepare beforehand? That's the difference between the two of us here. And fine, Bitcoin dropped and rose back, interesting, but it is not the only asset that has done that, and the effect after being added to the mainstream of the financial market can't be the same anymore. It will never behave dangerously again like what many still expected of it. These are my concerns, institutional investors are taking over, and it might behave differently now whether we like it or not. And for Bitcoin to perform excellently like before, it might take time, not that it will be impressive all the time. I believe it has done most of what it would do this time and in the space of decades, it might be able to reach and hold above $100,000 conveniently depending on the factors it faces at that time.
677  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 03, 2024, 07:27:20 AM
But what pains me is that the sentence is too little regardless of whether he pleads guilty or not, the 4 months will soon pass.

This will continue to embolden these rich guys to launder money, so what's the point?

I don't even see him committing any crime and what is happening is just an abuse of power by the US government. If you support the US government's assessment as being correct, you should prepare yourself better because sooner or later they will intervene more deeply in the cryptocurrency market and completely control it.

The interesting thing I see is that millions of users on X are trying their best to support CZ for his contributions to the crypto industry. Meanwhile, on the forum, there are some people who don't like him. It is true that it is difficult to please everyone.
You surprised me with your remark and assessment here, are you now advocating for an insane/bad world? What I think here is that you are finding excuses for bad activities to be happening unabated which is not fair at all. Binance and CZ which are directly involved in this never disagree with the US government, is it you and others who now know that the guy did nothing? This means that as rich as CZ and Binance are, they can't defend themselves if truly they are not guilty? C'mon!!!

What I've realised about some of you guys is that you want an entirely free system where there is no law/restriction, but that can only be advocated when there will not be crimes. Is that possible that there won't be crimes? No. This is why I would even love it if the government could regulate the cryptocurrency world better to avoid illicit flows that can aid trafficking, terrorism, drugs and many more. It is we who should be thankful that strong countries like the US have not banned cryptocurrency yet. supporting and cooperating with them is not too much to ask for. Not in a simple case like this.
678  Economy / Gambling / Re: What do you want to see in casino reviews? on: May 03, 2024, 07:12:57 AM
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If you read my first post, I've clearly said about "reputable reviewers/review sites" which logically means that the review both negative and positive are mostly legit. Even if I read the negative review on an unknown review site, it is a warning for me which will make me curious and try to find other reviews as comparison.
Bro, you could be wrong if you are relying on that. Those influencers are so crafty these days, that they will plan it in such a way that will make the pros to be about 90% or more, and the cons to be about 10% or less. This is often common and done for people not to entirely suspect them and doesn't mean that they actually reflect the truth. Just believe in yourself these days and what you can actually verify. You can testify to this based on what is happening with the search engines these days. When you search for the Best, do not ever think you will actually see the best service popping out, it could probably be the Worst service that would pop out on the first list.

Do you now think they will not carefully write something to cajole you that it is actually the best even as they also write some cons to make you not suspect them? This is why we should be very careful.

Did I say that I'm relying on that? Nope, I said that I prefer to read the negative feedback first, again it is because I take it as a warning. For me it is a better to be warned first with the negative feedback than to be assured first to play in the casino with the positive feedback.
Whoa, that's a long time you've been gambling but I am about 20 years now, regardless, you seem to have misread me. You misread me in the sense that the negative feedback you read from either random reviewers or the influencers just saying what their paymaster would like on their webpage or social media handle can be doctored. You see, I've read a lot of sh*t about some companies that are not particularly true of them, the same thing goes for other companies that I've read good things about which later appeared to be false. This was why I was trying to tell you that reviews/feedback can't be entirely trusted, some people were paid to do that. And they could be so cunning at times to the point that they will cleverly do it by adding the negative parts to it in just a slight way.

What if the negative part is what you read and because it is not much you now went ahead to sign up with the casino believing you've read enough from that reviewing site? Now, may be the site praised the casinos 90% and disfavour them with 10% negative review, but on getting there, you now discover that the casino is worth far less and the praise is actually 40% and the dissatisfaction 60%, what do you do? My point is that for a reveinwg site to add the negative part in their review doesn't means that they are still sincere with it. They are only trying to appear genuine. I hope you get me now.
679  Economy / Speculation / Re: Are USA's and China's ETFs "creating BTC from thing air"? on: May 03, 2024, 06:53:37 AM
Well, I appreciate that you've already labelled it "rumour/opinion," so it's not particularly true. And with the level I am in Bitcoin investment and in the general market investment, it doesn't work like creating a virtual ETF, no, the law forbids that and the asset and your ETF operation must work hand-in-hand and must be proportionate as well. Maybe the source of the Bitcoin was not known, but that is a different ballgame. Nothing can back Bitcoin ETF up more than Bitcoin and even if there will be some other assets like Gold and fiat currencies technically backing it up, it will only be for some insurance purposes.

As for the image posted of the Blackrock CEO Larry Fink, I couldn't agree more, the guy is saying the truth only that the truth is bitter especially if you are in love with something. Regardless, it is a way to show people who are sceptical about Bitcoin to rethink. Because of their concerns associated with it, they may turn to its ETF which is centralised and that can make transactions more traceable to allay their fear.
680  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: May 03, 2024, 06:24:59 AM
I understand that we can buy everything with BTC, if we ready to change country, or wait a lot. But i mean that we can`t but anything(ok, the main part of everyday things) right now. I can`t buy bread or meat using BTC or some other cryptocurrency.
About regulation i have to match that regulated cryptocurrencies becomes fiat money. Someone allow you to print money and control the process. Not printing but every transaction will be under control. It is the last thing we want to cryptocurrencies.
I understand you better now, and truly, there are limitations to what we can buy with Bitcoin, especially in impromptu scope. Even in countries where Bitcoin is a legal tender, there will be many that are unwilling to accept Bitcoin as the mode of payment for obvious reasons. You can imagine the merchant who knows how to speculate the Bitcoin price very well, no one should force such a merchant to accept Bitcoin as a mode of payment when he is very sure that the price would drop in a matter of minutes and extend to days or weeks. This is the risk of Bitcoin aside from the security concerns. That's by the way, many countries are still not accepting Bitcoin even if some merchants in the country can still risk it which makes it minimal. If the overall acceptance of the coin is to be roughly viewed in terms of buying and selling of the daily needs (good and services), I do not think it's still up to 0.001% fr the enter world. This is not about the business transaction but the real use of it like fiat currencies.
I was in one country, where BTC is legal. I saw lots of cryptocurrency exchanges there. One of them was near my hotel, i saw it in the window. Several times i spent about an hour watching on it. No one men visited this exchange. Of course it doesn`t mean, that no one use it, but local currency exchange near - got lots of visitors the same time.
Well, let me say that we should not assume that way, there are many exchanges in my country as well, and you do not expect them to be receiving customer visitors as much unless they have issues they want them to solve for them. Bitcoin and other cryptocurrencies are online-based, and so are the operations of these exchanges, so I do not expect them to receive the huge visitors you expected of them. Since cryptocurrency is not like fiat which is controlled by a centralised system where the central bank of the country will have power over, there is a limitation to the help that exchanges will offer except for the ones that are directly related to their own platform issues in case of short payment, unreceived transactions and many more.

I dealt with some exchanges in my country for over 15 years, and it was even on fiat currencies, but never had any reason to go to their offices for once, for what? This is not like the BDC and parallel market operators but is purely online-based. Many times too, the issues can be resolved online instead of the customers coming down to their offices, that's the way I see this.

Also, you don't have to sell or buy your Bitcoin physically when all arrangements have been made online.
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