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681  Economy / Gambling discussion / Re: Which one did you use to gamble with more on: January 08, 2024, 09:06:48 AM
I prefer booking on live games than virtual games , live games are real live events which can be easily predicted based on the form and quality of players the team has, but as for virtual it is automated, and programmed and since it's a programm you can't easily predict the outcome, which makes it very difficult.
But I noticed about all games is that it is good to use just little amount of money to gamble because all these betting sites are existing to make money from their customers. Staking before match begin, virtual betting, live betting, casinos and others are just done by the gambling site with odds that are not favoring the gambler. That is why you will see gamblers more likely to lose than win.

And virtual betting takes more resources as the matches are played in seconds,  and when you lose you can rebet again and in the process loosing money, but for it will take an hour 45mins for a love bet to be loss or 45mins depending on the option booked.
There are many live bets that are going on and you may be selecting many of them one by one and staking them one by one. If you also stake on live bet, it may take just few minutes sometimes when you would have won or lost. Live bet may not necessarily take 90 minutes.
682  Economy / Gambling / Re: Sports betting arbitrage on: January 08, 2024, 06:54:54 AM
and risking that a winning bet is not paid (no one likes the arbitrage). Are you sure it's really worth it?
I wanted to try it in the past, but I looked for ways that arbitrage can make me make money on gambling sites but I was unable to find it profitable. I do not know if their are some sports that it can be profitable for as for the ones that I have used to gamble before, arbitrage gambling is not profitable as I have read about it online.

I do not know if you noticed a lot of forum threads on this forum, where people participated in Sports betting and then got their accounts and withdrawals blocked.

The casinos use more or less the same Sportbook operators and they keep logs. So your IP address or Mac address are monitored and flagged, when you do this. So, one moment everything is working fine, until your account gets flagged and then blocked.
If you want to do arbitrage in gambling, you do not have to use the same bookmakers, you have to use different bookmakers for the different odds that you want to choose. With this, all the bookmakers will not be able to notice anything.
683  Bitcoin / Press / Re: [2024-01-07] Michael Saylor Warns of Deepfake Bitcoin Giveaway Scams ... on: January 08, 2024, 06:05:39 AM
This type of a way to scam is not new but common. People that have been into crypto since would have known about it that it is fake. People like Elon Musk, Vitalik Buterin and other crypto celebrities fake video with fake speeches has been created before which has been used to scam people that fell for it.

In this world that we are now, we need to make findings before we should believe that something is true or not true. But a type of ways that someone will ask you to pay money that he will double it for you, that is definitely a scam. It is not what we need to make any findings about becuase it is distinct that it is a means scammers can use to scam people.
684  Economy / Gambling / Re: Sports betting arbitrage on: January 07, 2024, 09:21:03 AM
but with sportbetting, my winnings do not come from the casino's pocket, but from the pockets of other bettors. The casino only acts as an intermediary and sets the rate. Binance has never given me any problems with the fact that I make money on the their exchange, because I make money at the expense of those who lose and not at the expense of Binance, for Binance I am only volume (on which they make money) and additional liquidity (which attracts other traders). Isn't it the same with sportbetting?
You can not compare sport betting sites to an exchange. They are different. On an exchange, assuming you want to trade on an exchange, their is a percentage the exchange will charge if you make profit or not. The exchanges are not making money from your profit or loss but instead from the trading fund that you are using to trade. Unlike gambling sites that are making money from you directly.

Let us say you have $50 to trade. If an exchange is charging 0.05% and you trade, the exchange will charge you $0.025 which is 0.05% of $50 to open a position and another 0.05% of the money when you close a position. The exchange does not care about your profit or loss. On exchanges, traders are losing to other traders and making money from the loss of other traders and not the exchange.

But if it is gambling site, they charge you nothing but to win or lose the $50 while gambling. If you win, the gambling site will use the money they have profit from other gamblers to pay you. That is why gambling sites can not like arbitrary in gambling.
685  Economy / Gambling discussion / Re: Your gambling life could affect your relatives lifes. on: January 07, 2024, 07:36:06 AM
The user then borrows money from their relatives to gamble, and when the money is lost in gambling, the user becomes even more broke. Abstaining from gambling is the most important thing because people who become addicted end up ruining themselves and ruining their families. So one should never gamble by borrowing or borrowing, but if gambling is to be done it is better to gamble with a certain amount of money only then a user will not become too much addicted.
To gamble with certain amount of money that the person can afford to lose is what you are talking about, not just to gamble with certain amount of money because certain amount can be any amount. For addicts, the right words is that they should gamble with little amount of money, like 1 to 5% and not more than 5% of their weekly or monthly income. This is because they can be wrongly proving that they can afford to lose high amount of money, but until they are in losses would be when they will see how gambling can depress them.
686  Other / Beginners & Help / Re: Merit decay on: January 07, 2024, 06:59:54 AM
but I wonder why some users choose to hoard this sendable merits and allowing it to vanish with time.
With what I have noticed, some of these people that you are talking about are excellent posters with one of the most quality posts on this forum. I also noticed that some of them hardly visit this forum except few times which they give answers to a post and leave again and not posting. Another reason can be that they are no more posting. Another reason is that they are knowledgeable, the few merit they give are given to those that have knowledge like them.

Is it a good habit to allow one's sendable merits to decay?
I will say no. Theymos knows the way he is checking the merit circulation on this forum. He can create new smerits and which he is doing monthly. No need to decay the smerits of people that are hoarding it.

Those who hold accumulated merit act like fools.
You are wrong. They earn the merit and they can decide to send it to anyone or not send it.
687  Economy / Gambling discussion / Re: The most logical and profitable game on: January 06, 2024, 05:40:14 PM
In my opinion it will be sports betting, since you can apply your knowledge when making a bet. If you are a big sports fanatic and know the teams too well, your chance of winning is bigger compared when you are playing slots or other casino games that are based in pure luck. In my case I like betting on e-sports like Dota2 especially if there's a major tournament. Card games can also be a good choice since you'll be able to use your knowledge and strategy about a game.
This is what I do hear from most sport gamblers. They will say they can analyze and make the right prediction. But if you ask them if they are winning more than they lose, they will say they are not earning more. Gambling should not be about looking for ways to earn but rather to be an entertainment. This is the mistake some people are making.

There are times I may not see a match to gamble with. There are times I may want to have the fun and gamble but no sport that I wish to stake some money at the time. Unlike casinos games which are available all the time throughout the week.

On sport betting, you will see unfavorable odds. It was sport betting a friend of mine bet with $100 because of 1.02 odds of a live matches that he would win. He won several of them but when he lost 2 times, he came to borrow money from me. Sport betting may not be seen as dangerous until you find yourself in losses and realize that it is also gambling.
688  Bitcoin / Bitcoin Discussion / Re: What are your predictions for the state of Bitcoin in 2024? on: January 06, 2024, 05:30:58 PM
Since 2022, the value of Bitcoin has begun to fall. Following that, 2023 was a much worse year
It is true that 2022 was bearish for bitcoin, but opposite was the case in 2023 becuase the price of bitcoin at the beginning of 2023 was $16500 but ended with almost $45000. Which means 2023 was a bull run year.

in late 2003, a new version of Bitcoin was released.
Even if 2003 was a typo, no new bitcoin was released or created.

Things will get better with time. Do you think Bitcoin will be superior by 2024?
Bitcoin has always been superior. But if you mean that bitcoin will increase more in 2024? Just hold and not sell, bitcoin price did increased after halving in the past. If spot bitcoin ETF is approved by United States SEC, this can also be positive for bitcoin.
689  Other / Beginners & Help / Re: Does inactive users deserve merits? on: January 06, 2024, 08:31:30 AM
There have been some good and quality posts that I've come across why navigating through the forum and I found out that some of the users have been inactive for a very long time but the posts they've made deserved merit, so is it advisable to merit the post(s) of a user(s) that have been inactive for a long interval of time considering the fact that they made Meritable posts?
It is better to send all your merits to the quality post of an inactive account than to send merit to the post of an active account with useless or spam posts.

Example is the founder of this forum. His is not active since 2010. https://bitcointalk.org/index.php?action=profile;u=3

But you can see how people continue to send his posts merits: https://bitcointalk.org/index.php?action=merit;u=3

There are other members like that.
690  Economy / Reputation / Re: Anyone got banned yet because of changed Mixer rules? on: January 06, 2024, 07:33:53 AM
Any known incidents, where someone got banned because of changed Mixer rules?

It's almost a week now.
The main mixer rule is to never wear the signature, avatar and personal text of a mixing site. Before January 1st, all the mixers have even ended their campaign on this forum and some moved to Altcoinstalks. I am not talking about coinjoin but only those mixers which thrymos was referring to. Because everyone is obeying the rule, no one is punished for no offense.

I don't understand why mixers are singled out.   Anyone can put coins in an exchange and withdraw them randomly.   Unless the exchange is a honeypot, it can be used as a mixer.
Chipmixer was used to launder scammed money. Followed by Sinbad. The forum is talked about by one of the regulators or so about how they advertise mixers. If another mixer is used to launder scammer money, probably theymos and other officials might be in problem. It is better to avoid such than when it would be too late. Theymos do not want this forum to be the government's target has been the reason. Those exchanges follow anti money laundering and counter terrorism financing laws but mixers are not following it.
691  Economy / Gambling discussion / Re: Do you think gamblers do retired betting gambles on: January 05, 2024, 11:06:17 PM
For the shake of health and the disappointment of losing a game, especially on sports betting, where someone can predict multiple games and add them up in one slip, and at the end of the game, 1-2 games are the ones that will make you lose a game worth millions. I don't think someone of such age could be able to handle the shock that can affect his health.
I think old men and women are wiser than young people. There is nothing that they have not seen. They have learned a lot in life. A gambler that later become old and still in earth, such a gambler would have known the right way to follow. It should not be about chasing money for them, but for them to turn the boring time to something interesting. I will not expect old men to risk like that. The bad gambling news that I have all seen and read before are all about young people and not old people.

Unless it's part of the medical advice given to him as a means to have fun, as it has been one of his usual activities at his youthful age, I might be against it. Instead,  I will rather advise any one of such age to play draft in the community with their fellow elders and argue that it's less disappointing than what gambling losses bring most of the time.
Gambling can not be a medical advice.
692  Bitcoin / Bitcoin Discussion / Re: Manipulation / ETF's on: January 05, 2024, 10:08:55 PM
My theory was that BTC was too susceptible to manipulation to issue an ETF yet.  Apparently I'm wrong, which is understandable, because I make beer for a living...
What you mean is that bitcoin price is more volatile to United States spot ETF news. I can remember the news took the price from $24800 to over $40000 now. But just yesterday that we read a news about the possibility that United States SEC may reject the application, bitcoin fall from over $45000 to $40200 until it increased back. That is not manipulation. It is because people having bitcoin are buying when the news is positive and selling when the news is negative. It is people and no just a single person or few people that are buying or selling that makes the price of bitcoin to be much volatile as it increased or decreased. Bitcoin marketcap is over $860 billion, that is more than what that can be used to manipulate bitcoin price.
693  Economy / Trading Discussion / Re: ESSENTIALLY SIMPLE TRADING FACTORS THAT EVERY TRADER SHOULD CONSIDER on: January 05, 2024, 05:53:55 PM
1. DISCIPLINE

You would definitely needing this:

Discipline on when to take a profit
Discipline on when to hold your position
Discipline on handling or managing your trading capital
Discipline on sticking into your plans

Discipline on when to take a profit and discipline on when to hold your position is contradictory. Anyone that is trading will understand this.

Assuming you are making little amount of money already and you close the trade. Is that discipline when you think you still need to hold your position? But what if the analysis points towards your direction and you supposed to make more money if you hold your position instead. What if you decided to wait and hold your position but the market go against your direction and you start to lose. Trading is complicated.

The discipline that I know that are most important in trading is to stick to your plan and also to be able to manage your trading capital. The third is to not risk too much but to risk just little amount of money to trade. Some traders are unable to stay on the track to be discipline this way. They will open a trade, they will not know when they will increase the leverage and also increasing their trading capital. After several losses, they will start blaming themselves and not know when they started not to follow the discipline path.

I have noticed one thing in trading, that discipline starts from how you manage your money. If you are not able to manage it well, likely you will not become a good trader.
694  Economy / Gambling discussion / Re: Will you gamble on Bitcoin ETF approval results? on: January 05, 2024, 12:04:40 PM
Surely, I believe some gamblers would consider betting on the bitcoin ETF if the odds are good.
I can not waste my time on what I do not know when it is going to be approved. SEC has let people know that it is going to be approved but SEC do not let anyone know if the approval day is near or some months from now. There are games I can play and see the result almost immediately, I will prefer to go for that kind of games than wasting my time on bitcoin spot ETF approval.
695  Economy / Trading Discussion / Re: ESSENTIALLY SIMPLE TRADING FACTORS THAT EVERY TRADER SHOULD CONSIDER on: January 05, 2024, 11:42:19 AM
I want to talk about the confidence part. Do you know that you can have confidence and the confidence will fail you. An instance is when you have the confidence, you analyzed the market and open a trade. After the trade was opened, the market go another side and loss started and continued until liquidation. There are more to trading than what you listed. It is not what you can use a day to learn. You need to know how to control your emotion and not using leverage. The money you put on trading, see it as the money you put on gambling. Let the money be very small and be able to afford to lose it.
696  Economy / Speculation / Re: will the btc price reach 100k ? on: January 04, 2024, 01:56:05 PM
Bitcoin's exchange price cannot be predicted.
If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.
Those are all still assumptions; we can never be too certain about when the bitcoin price will hit $100,000. Saying this year or next year means you are also not sure about when that will happen, which is just the same thing as what @apogio is saying.
If you want me to agree with what you are saying, let us bet $100 each and see what would happen. If bitcoin did not get to $100000, then you will have the money. But if bitcoin get to $100, in 2024/2025, then I will get the $100. I have analysed the market and my confidence is high about this. If you are ready, let me know so that we can put the coin worth of $100 on a 2 of 2 multisig or 2 of 3 multisig. Like I said, bitcoin will get to $100000 in 2024/2025.
697  Economy / Speculation / Re: will the btc price reach 100k ? on: January 04, 2024, 12:36:43 PM
Bitcoin's exchange price cannot be predicted.
If bitcoin ETF is approved or not, the price will certainly get to $100000 in either this year or next year.

However bitcoin's value can be appreciated and will never change. Bitcoin is valuable for various reasons (PoW, limited supply, max supply cap etc).
Which is the reason we are certain that bitcoin will get to all-time-high and also get to $100000. Bitcoin price is not like fiat that will devalue but its price will increase after a long time. Bitcoin price is not easy to predict in short term, but in long term, it is very predictable and not disappointing.
698  Other / Meta / Re: Two Same Topic in Gambling Discussion section on: January 04, 2024, 11:20:15 AM
They are different in my POV, one is a prediction thread and the other is a discussion thread. But you have a point the same on other comments on the new thread. Yet, i doubt the other one will be trashed/locked, its been there for months already and probably it was reported many times already.
They are just the same thing. The first that was created was a prediction thread. If you check what is discussed on the prediction thread, it is distinct that the thread is about prediction and discussion about English Premier League. There was no need to created the second thread which is the discussion thread. I remember when I was posting very well on those threads, I only use the prediction thread which was created by Trofo and left all other ones because I do not want to repeat myself.
699  Other / Meta / Why was the gambling risk warning removed? on: January 04, 2024, 08:35:49 AM
Hello Sir @ Cyrus, hilariousandco

On the first or second of January 2024, I saw a gambling risk warning on the gambling boards which was about how gambling is risky and how people should gamble responsibly. I said to myself that this is good and an improvement to the gambling boards. But when I was reading some gambling posts as I am not yet ready to post anything, I want to read the warning again but I did not see it. Why is the warning removed?

700  Economy / Gambling discussion / Re: Focus on how much you may lose and not only the potential win. on: January 03, 2024, 03:41:38 PM
It's better to focus on how to win and be positive for it helps to see better choices while you are already in a situation.
I do not agree with this. I am gambling and I have friends that are gambling. We focus on winning and we gamble often but we lose more. The more most gamblers focus on winning, the more the house will earn money from them. We have advised ourselves not to use money that can affect our feelings to gamble which is the right advise. That advice alone is because we also focus on the fact that we are losing.
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